Read U.TODAY on Google News The market’s favorite meme cryptocurrency, Dogecoin, is giving off signals that could indicate where it is headed next. Recently, the asset has shown a descending volume trend, often seen as a warning sign of potential price decline.Examining the current price chart, we can identify the local support level for DOGE at around $0.1048, a point where the price has previously stabilized before rebounding. On the upside, there is a clear resistance level at approximately $0.1439, which has been tested but has not convincingly broken through in recent trading sessions.Dogecoin/USDT Chart by TradingViewThe declining volume trend…
Author: Web3 Daily Press Staff
Guest Author Kelexo (KLXO) multi-level pre-sale campaign gains new supporters in March Read U.TODAY on Google News It takes money to make more money but there are ways to make the most with smaller investments. Yes, there is some luck involved in the market but it is largely a function of various factors that can be observed, understood and predicted. The most successful investors are addicted to data gathering and spend some time researching numerous tokens. Their setups can be quite tedious and some of the indicators they observe are too complex and extensive for the average investor. Our analysis looks…
Binance Coin (BNB) has been on a bullish run despite the regulatory scrutiny that Binance has faced over the last several months. The token registered an impressive 13.7% price surge after almost reaching $600, and analysts predict that a new all-time high (ATH) might be coming in the next couple of months. Is The Cost Clear For A New ATH? As the crypto market rallies, Bitcoin continues to hit ATH after ATH, and altcoins’ prices keep regaining the levels of the previous bullish run. BNB has not been the exception; it surged over 13.7% in the last 24 hours and…
Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbase’s Base, which are interconnected with Ethereum. With Dencun, transaction costs on these networks have significantly decreased, with fees dropping from dollars to cents or even fractions of a cent. Ethereum Dencun Upgrade And Cost Savings Considered the most significant change in Ethereum’s end-user experience, the Dencun upgrade is expected to foster the development of new applications and services by significantly reducing expenses. As NewsBTC reported…
Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesWhenever Michael Saylor utters the word “bitcoin,” MicroStrategy shares pop. He has been doing a lot of uttering lately.On Monday, the MicroStrategy founder posted on social media platform X that his company had just purchased another 12,000 bitcoins for close to $822 million “using proceeds from convertible notes & excess cash.” That brings MicroStrategy’s total holdings to 205,000 bitcoins, which are now worth more than $15 billion, as the cryptocurrency continues to hit fresh highs.Bitcoin…
Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.Mar 13, 2024, 9:27 PMUpdated Mar 13, 2024, 9:29 PM16:9 Crop: Bull and Bear (nosheep/Pixabay) This news is republished from another source. You can check the original article here
Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has fallen 0.69% to $97.7. InvestorsObserver is giving Litecoin a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. LTC’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.Litecoin price is favorably positioned going forward.…
Shiba Inu (SHIB) started March on a high note as more users continued joining the network in droves. Taking on X, formerly Twitter, leading on-chain metrics provider IntoTheBlock called this development’s attention and stated, “Shiba Inu kicks off March with a bang, attracting over 8.4k new addresses daily & peaking at 21k new daily addresses – nearly 20x February’s daily average.” Source: IntoTheBlock Per this analysis, new investors are continuously jumping on the SHIB bandwagon, given that the daily uptake has been nearly 20x what was witnessed in February. Shiba Inu Attracts Significant Crowd Sentiment Based on its stellar performance,…
VeChain (VET) has been under close scrutiny in the cryptocurrency community due to its reputation for revolutionizing supply chain management and business operations. However, its market value has experienced minor fluctuations recently. By mid-March, the price of VET had dropped to $0.0467 per token, triggering discussions among investors and analysts. Yet, VeChain (VET) has displayed resilience amidst market fluctuations, rebounding to $0.04994 at the time of writing. This upward trend reflects a 1.73% increase over 24 hours and a significant surge of 8.86% over the week. These movements indicate sustained interest from investors, despite the price adjustments. Source Moreover, the…
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