Coinbase, the largest exchange in the United States, has announced the introduction of perpetual futures for three popular cryptocurrencies: Bonk (BONK), Floki Inu (FLOKI), and Shiba Inu (SHIB). This move is expected to provide investors with enhanced flexibility and diverse trading strategies. The launch, scheduled for May 30, 2024, at
May 24, 2024 2 mins read
The cryptocurrency market experienced bearish price action on Friday, despite the highly anticipated approval of the spot ETH ETF. This bearish sentiment suggests a prevalence of short selling in the market. However, Ethereum, the leading altcoin, managed to maintain its price above the $3,650 mark, indicating a persistent bullish sentiment
May 24, 2024 2 mins read
A financial audit conducted recently has uncovered a significant whale transaction involving 240.85 million XRP, equivalent to $127 million. According to data provided by Whale Alert, a blockchain tracking service, the transaction originated from Coincheck, a prominent Japanese cryptocurrency exchange, and was sent to an unknown wallet. Blockchain records indicate
May 24, 2024 2 mins read
As the cryptocurrency market eagerly awaits the Securities and Exchange Commission’s (SEC) decision on the approval of the spot ETH ETF, the demand for Decentralized Physical Infrastructure (DePIN) tokens has surged. These tokens have garnered significant attention from investors, leading to increased price volatility in the crypto space. In this
May 23, 2024 2 mins read
In the midst of the current altcoin craze, fueled by renewed speculation surrounding the potential approval of a spot Ethereum ETF in the United States tomorrow, the frog-themed meme coin Pepe (PEPE) has captured the attention of retail investors. Pepe has leapfrogged its way to overtake dogwifhat (WIF) as the
May 23, 2024 2 mins read
The PEPE token has defied expectations and reached new heights, achieving an all-time high and delivering remarkable returns to investors. One particularly savvy trader managed to turn a modest $83 investment into an astonishing $79.4 million, representing an incredible 958,580 times return on their initial investment. Pepe Trader’s Calculated Moves
May 23, 2024 2 mins read
The Shiba Inu (SHIB) cryptocurrency has recently demonstrated a change in its trading pattern, breaking through a persistent resistance level that had hindered its price growth for several weeks. This development signifies a crucial momentum shift for the digital asset, as it now aims for potentially higher targets. SHIB Breakout
May 22, 2024 2 mins read
Dogecoin (DOGE), the popular meme coin, is poised for potential gains as the recent price increase has triggered a recovery in the market. The short liquidations observed over the past 24 hours have historically been followed by a rise in price, which could also be the case this time around.
May 22, 2024 2 mins read
Cardano (ADA) has been riding the wave of the recent cryptocurrency market rally, which has been led by Bitcoin (BTC). As Bitcoin breached the $71,000 resistance level yesterday, ADA also experienced significant gains, with its price spiking from $0.4646 to a daily high of $0.5090. Like most crypto assets, ADA
May 22, 2024 2 mins read
Recent statistics from the market analytics platform Glassnode reveal that the SHIB community, known as the SHIB Army, has experienced significant growth over the past year. The data shows that the number of wallets holding non-zero SHIB balances reached an all-time high just six days ago. Shiba Inu Army Expands
May 21, 2024 2 mins read