Altcoins

5.7 Trillion SHIB Volume Spike Signals Potential Shiba Inu Price Surge and Altcoin Bullishness

Published

6 months ago

20 July, 2024

5.7 Trillion SHIB Volume Spike Signals Potential Shiba Inu Price Rally and Bullish Trend for Altcoins

Recent bullish news regarding Shiba Inu’s volume spike of 5.7 trillion SHIB could boost SHIB price and indicate a potential bullish trend in the market.

Shiba Inu has seen a significant increase in its 24-hour large trading volume, indicating an increase in whale activity. This suggests a higher potential for increased asset volatility. With the current bullish market conditions, the likelihood of an uptrend increases.

According to IntoTheBlock data from July 8, 2024, Shiba Inu’s significant trading volume reached 5.71 trillion SHIB. This notable increase indicates recent active participation from major holders. Such movements usually indicate strategic distribution or accumulation, increasing market interest and volatility.

Shiba Inu is currently recovering from its recent lows, trading at $0.00001964, as shown on the SHIB/USDT daily chart. It has broken above the 50-day exponential moving average ($0.00001750) and is now approaching the 100-day resistance level.

A break above these levels would indicate a bullish trend, which could put SHIB on track for higher targets. Rising trading volume contributes to this optimistic outlook. Increased involvement from large investors reflects growing confidence in the asset’s future performance, often preceding significant price movements.

Shiba Inu is also benefiting from the overall positive sentiment in the cryptocurrency market, bolstered by the strong performance of major cryptocurrencies like Bitcoin. This favorable environment could give SHIB additional momentum to continue its ascent.

Exciting developments in the crypto space extend beyond Shiba Inu, positively impacting smaller tokens like Base Dawgz Also.

Base Dawgz Sees Strong Pre-Sale Demand With $2.5 Million Raised

Base Dawgz (DAWGZ) has defied the cryptocurrency bearish trend and enjoyed a bullish reversal. Currently in presale, the project has raised $2.5 million. Analysts expect significant gains when Base Dawgz begins trading on exchanges.

Currently, Base Dawgz is available at a fixed, discounted price of $0.006405. As the campaign progresses, the pre-sale price will increase, removing the opportunity to make big profits at current rates. Potential investors can check out our guide on how to buy Base Dawgz tokens here.

Base Dawgz Presale Now Raises $2.5 Million

Additionally, Base Dawgz offers a Referral and Earn program, allowing community members to earn commissions by referring others to join the presale. Referrals can earn 10% of the token purchase amount, paid in USDT. Points earned from referrals can be exchanged for $DAWGZ once the campaign ends.

Base Dawgz understands that a strong community is essential to the success of memes. They are launching a social rewards program where people earn points by sharing memes and posts about Base Dawgz on social media. These points can be redeemed for more $DAWGZ tokens.

This approach may explain why Base Dawgz now has 4,900 followers on X (formerly Twitter) and has reached new milestones in its presale. As the community grows, the value of Base Dawgz tokens may also increase.

The ICO end date has not yet been announced, so there is still time to invest. However, it is in the best interest of investors to buy early while the price is low, as it will only increase as the pre-sale continues.

Base Dawgz Defies Market Trends with Staking Rewards and Multi-Chain Integration

Base Dawgz could become the next big cryptocurrency on the Base blockchain. It plans to integrate with multiple blockchains, including Ethereum, Solana, Binance Smart Chain, and Avalanche, for true interoperability without relying on wrapped tokens.

Using Wormhole and Portal Bridge technology, Base Dawgz will allow community members to easily transfer funds between chains. This flexibility allows users to choose which blockchain their funds will be placed on, making it easy to transfer money based on their preferences.

Base Dawgz has allocated 1.69 billion $DAWGZ tokens (20% of the total 8.4 billion tokens) to staking rewards. Investors will receive 192,000 $DAWGZ tokens every hour for a year, allowing them to continually earn more tokens and potentially increase their earnings.

Early buyers can earn an annual percentage yield (APY) of over 1,400%, though this rate will decrease as more investors join the staking pool. Currently, staking is only available on the Ethereum network, but the team plans to add Solana staking as part of its multi-chain strategy.

Base Dawgz recently responded to community requests to enable staking on Solana. The team has taken note of these requests and is working to make it possible. Staking has recently launched, unlike some other meme coin presales that offered it from the start.

Quick update of the $DAWGZ team 🪂

We’ve heard your questions about staking on Solana. We’re actively working on it and thinking of solutions. Due to the cross-chain nature of BD, it’s a bit complex, but we’re working on it!

— Base Dawgz (@BaseDawgz) July 10, 2024

Developers are actively working on implementing Solana staking and brainstorming solutions. The cross-chain nature of Base Dawgz makes this more complex, but the team is determined to overcome this challenge.

Staking will attract more buyers than just those driven by hype. Base Dawgz has undergone a rigorous audit by third-party blockchain security firm SolidProof.

The audit found no issues, indicating that the $DAWGZ smart contract is safe and secure, reducing the risk of a rug pull and distinguishing it from other new Meme Coins.

To participate in the $DAWGZ token presale, visit basedawgz.com.

Fuente

Altcoins

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Published

6 months ago

29 July, 2024

CoinFlix Staff

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Popular crypto analyst Michael van de Poppe has highlighted his altcoin portfolio approach in light of the new Ethereum ETF. In a recent Youtube videoThe analyst explained the measures he would take for this major market event.

The Ethereum ETF was listed on the stock exchange and it took time to get approval and so far there has been no significant change in price. The analyst pointed out that the long-term effect could be quite significant, comparing it to the situation of the Bitcoin ETF where the initial decline was followed by large inflows.

According to Van de Poppe, the Ethereum ETF’s trading volume on the first day of trading was about 25% of the volume Bitcoin ETF He noted that the first day of trading was marked by low inflation, and said there was a net inflow of $150 million to $160 million, which reduced the available supply.

Altcoins are poised for growth

The analyst said that as Ethereum adoption increases in the future, the supply of Ethereum will decrease, which is a deflationary model. Ethereum is up about 15% since the ETF approval, the broader market reaction has yet to happen as several sell-offs have taken place, including the Grayscale Trust.

Van de Poppe also mentioned other important market events, including the end of Mount Gox The process of repaying creditors initially caused tensions in the markets, but had little effect subsequently. It also highlighted the role of macroeconomic factors, which can lead to Fed rate cuts, which can affect markets.

In this regard, looking at van de Poppe’s strategy, he is still keen to trade within the altcoins of the Ethereum ecosystem. He stated that there is a possibility of short-term price fluctuations that may discourage many people, but the long-term still looks good due to the improvement and adaptation that has been made to Ethereum and its environment.

According to the analyst, substantial inflows could propel Ethereum towards new historic highs with estimates ranging from $5,000 to $7,000. Despite the current market fluctuations, he is confident that macroeconomic changes and greater liquidity will be favorable for altcoins.

He explained that his broad approach to altcoins, especially those associated with Ethereum, will be beneficial because the market will react differently to these events. The basis for his optimism comes from the fact that he believes that Ethereum and all associated projects are still extremely undervalued and have the potential to skyrocket as sentiment changes.

Looking ahead and market adjustments regarding the Ethereum ETF and other macroeconomic factors, the analyst remains bullish on altcoins. He suggested investors stay informed and believe that in the ever-changing world of crypto, they will eventually be rewarded.

Fuente

Altcoins

Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

IntoTheBlock Releases Report on Institutional DeFi Trilemma

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Fuente

Altcoins

Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

Disclaimer

Fuente

Altcoins

Epic Altcoin Rally Expected for August and September

Published

6 months ago

28 July, 2024

CoinFlix Staff

Crypto analyst predicts massive altcoin rally similar to Q1 2024, urging patience and accumulation.
Bitcoin’s potential as a reserve asset and its technical patterns suggest that it will drive the rise of the cryptocurrency market.

Captain Faibik, a renowned crypto analyst, has created excitement in the cryptocurrency sector with his latest prediction. He indicated that we are on the cusp of a massive altcoin rally, similar to the one we saw in Q1 2024.

We are on the verge of a massive Altcoin rally, similar to Q1 2024📈

Keep accumulating and hold with patience. (Patience will be rewarded)

The majority of #Altcoins have already hit rock bottom and are about to escape.

In my opinion, August-September is going to be epic for Altcoins.🚀🚀#Crypto pic.twitter.com/cMdHagiaYc

— Captain Faibik (@CryptoFaibik) July 24, 2024

Accumulating and Holding Altcoins: The Path to Potential Profits

He stressed the need to accumulate altcoins and hold them patiently, as it will eventually pay off. According to him, the majority of altcoins have already bottomed out and are about to break it. He believes August and September will be epic months for altcoins.

In a chart posted by Captain Faibik, the overall crypto market cap, excluding Bitcoin and Ether, known as TOTAL3, is approaching the upper boundary of a descending channel pattern.

This context suggests a potential breakout and a significant rally towards the $1 trillion mark. Technically, the decline since mid-March is interpreted as a corrective trend for the value of TOTAL3, signaling a preparation to enter a rally structure.

Bitcoin’s influence and legislative developments suggest good prospects for the future

Furthermore, based on sentiment and technical patterns, Bitcoin, the world’s leading cryptocurrency, appears poised to lead the charge in the cryptocurrency market. Bitcoin’s performance often sets the tone for the market as a whole, and a strong move in BTC could trigger a significant rally in altcoins.

Previously, as we have already said reportedSenator Cynthia Lummis said she plans to introduce a bill at the upcoming Bitcoin conference that would require the Federal Reserve to hold Bitcoin as a reserve asset.

If this law passes, the US will treat BTC as a long-term investment rather than selling huge amounts infrequently, which could disrupt the market.

In addition, asset management firm VanEck has proposed a bold scenario in which Bitcoin Price Could Reach $2.9 Million Per BTC By 2050based on its fundamental outlook. Matthew Sigel, head of digital assets at VanEck, and senior investment analyst Patrick Bush noted that their estimate is based on Bitcoin’s adoption as a global medium of exchange and reserve asset.

As Bitcoin price increases, altcoins are expected to gain popularity, indicating the start of a bullish rally shortly after the BTC halving event.

Meanwhile, at the time of writing, the price of BTC was hovering around $67,007.99up 4.67% over the past 24 hours following a short-term correction.