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  • Bitcoin drops $28.8k amid huge crypto record huge outflows

    Bitcoin drops $28.8k amid huge crypto record huge outflows

    • Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800.
    • Equities also showed signs of uncertainty with mixed trading recorded.
    • Crypto investment products saw outflows totaling $107 million, the primary focus being BTC.

    Bitcoin traded near the $28,800 early afternoon on Monday as caution dictated overall sentiment across the market.

    Stocks were mixed in midday trading on Monday as earnings season starts to wind down and investors brace for an inflation reading crucial to the Federal Reserve decision making.

    While the S&P 500 and Dow Jones Industrial Average held slightly positive ground at 0.5% and 0.9% respectively, the tech-heavy Nasdaq Composite and Rusell 2000 were down 0.1% and 0.2% respectively.

    BTC hovers at key level amid huge outflows

    On Monday, digital assets manager CoinShares released the latest weekly report on digital asset investment products flows. According to an analysis by the firm, total outflows for last week was $107 million.

    Bitcoin saw total weekly outflows of $111 million. Although outflows into short bitcoin products reportedly stopped for the first time in 14 weeks, those from the flagship cryptocurrency were the largest since March.

    Meanwhile, Ethereum recorded outflows of $6 million, while Solana outpaced the top altcoin with $9.5 million in inflows. There were also inflows of $0.5 million for XRP and $0.46 million for Litecoin. Uniswap had $0.8 million in outflows and Cardano with $0.3 million.

    James Butterfill, Head of Research at CoinShares noted in the report that the outflows have come amid increased profit taking deals in recent weeks. Also notable was the decline in weekly trading volumes for digital asset investment products and on-exchange volumes – which stood at 36% and 62% year-to-date respectively.

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  • Ripple secures a ‘huge win’ as Judge rules XRP is ‘not’ a security

    Ripple secures a ‘huge win’ as Judge rules XRP is ‘not’ a security

    ripple wins sec case xrp not a security
    • Judge Analisa Torres rules XRP token is a not a security.
    • Coinbase will resume trading in XRP in the next few minutes.
    • XRP nearly doubled in value following the ruling today.

    “XRP” – the native token of Ripple Labs nearly doubled in value on Thursday after the crypto company secured a “huge win” against the U.S. Securities and Exchange Commission.

    U.S. judge rules XRP is not a security

    Judge Analisa Torres of a U.S. District Court concluded the case today that has been dragged for three years now with a ruling that XRP is “not” a security.

    Defendants’ motion for summary judgement is GRANTED as to the Programmatic Sales, the Other Distributions, and Larsen’s and Garlinghouse’s sales, and DENIED as to Institutional Sales.

    The decision is a victory not just for Ripple but the crypto market at large that surpassed $1.20 trillion just hours after the ruling.

    Bitcoin was seen trading above $31,500 and Ethereum topped the $2,000 level.

    Coinbase to resume trading in XRP

    Reacting to the ruling, Coinbase – the largest U.S. crypto exchange also confirmed on Twitter that trading will resume in XRP later today.

    Note that the win Ripple has secured against the SEC on Thursday bodes well for other crypto companies as well that are currently facing intense regulatory scrutiny. That includes Coinbase itself.

    Also this morning, the Financial Times confirmed that Jacobi Asset Management is all set to debut the Europe’s first Spot Bitcoin ETF on the Euronext Amsterdam before the end of 2023. That also helped buoy the cryptocurrencies today.

    In the U.S., heavy weights including BlackRock are awaiting approval for a similar exchange-traded fund.

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  • Large Whales Moved a Huge Amount of Dogecoin to Binance -ME

    Large Whales Moved a Huge Amount of Dogecoin to Binance -ME

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  • Huge DOGE Whale Accumulated 10 Million Doge

    Huge DOGE Whale Accumulated 10 Million Doge

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  • Polygon (MATIC/USD) defends support as the last testnet launches with a huge milestone

    Polygon (MATIC/USD) defends support as the last testnet launches with a huge milestone

    • Polygon announced the second testnet before going live on mainnet 

    • MATIC has consolidated at $0.8 for the past week

    • The token could resist bear pressure to rise toward $1

    Polygon (MATIC/USD) traded at a support zone at $0.8 on Friday, a level it has held for a week. Although the consolidation is not positive for bulls, it should give hope for a potential recovery. That’s combined with positive cryptocurrency news for the Polygon network.

    According to the latest announcement, Polygon has launched its second and final public testnet. The testnet makes Polygon ready for the mainnet launch in Ethereum, expected in early 2023. The announcement indicated that the testnet was for a new upgrade, dubbed recursion. The upgrade is expected to boost Ethereum scaling significantly. 

    Polygon has lauded the upgrade, which says it is the first zkEVM, a new scaling technology on Ethereum. zkEVM is expected to enhance Ethereum’s speeds and privacy and cut transaction costs. That would make it easier to build dApps. 

    MATIC price is yet to react to the positive developments. However, data from PolygonScan shows that unique addresses on the network are rising. The addresses hit an all-time high of more than 201 million this week. The growth underlines continued growth in the activity that could boost MATIC’s price at a later date.

    MATIC defends the $0.8 zone from the bear pressure

    MATIC/USD Chart by TradingView

    The daily chart outlook puts bears in control of MATIC. The RSI remains below the midpoint, while the MACD indicator is bearish, with weak momentum. 

    However, from the price outlook, MATIC has stabilised around $0.08. Recovery could be underway if bulls continue to build up. Buyers are still few at the support. The price could head towards $1 next in the bull scenario.

    Concluding thoughts

    We remain in a largely bear market. However, MATIC price could find a short-term appreciation if the token recovers at the support. Activity is already building on the network to give buyers hope in the medium and long term.

    Where to buy MATIC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy MATIC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy MATIC with Bitstamp today

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  • Dogelon Mars (ELON/USD). What’s up with the meme coin now attracting a huge following?

    Dogelon Mars (ELON/USD). What’s up with the meme coin now attracting a huge following?

    • Dogelon Mars token rose by double digits on Monday

    • Fantasy sports platform Rage Fan announced a partnership with Dogelon

    • ELON could sustain gains if buyers defend crucial support at $0.0000003

    Elon Musk-inspired Dogelon Mars (ELON/USD) is making shockwaves. The cryptocurrency gained by double digits on Monday, with investors showing great interest. Trading volumes on the little-known cryptocurrency had surged by 400% in the day.

    The gains in the Dogelon Mars token were boosted by cryptocurrency news over the weekend. Fantasy sports platform Rage Fan announced a partnership with Dogelon. The partnership will see the introduction of blockchain gaming to individuals that hold ELON. Rage Fan said it was introducing a Free Call of Duty Tournament for ELON holders to celebrate the partnership.

    Dogelon token is also growing a huge following. It already has a cool 454,000 followers on Twitter. Perhaps its name combination, Dogecoin+Elon, is helping aside from its partnership with Rage Fans. We all know of the growing speculations around the use of Twitter on digital payments by Elon Musk. Investors, therefore, could be looking at ELON as the next big thing in the meme space after Dogecoin. All these are speculations, but one thing is sure. Dogelon Mars is building a fanatic community, which could grow if the project finds more utility in the crypto space. Let’s look at its technical bits.

    ELON corrects after an intra-day surge

    ELON/USD Chart by TradingView

    A daily chart technical outlook shows ELON correcting after breaking to $0.0000004. The 20-day and 50-day moving averages joined a support for the cryptocurrency. The RSI also remains above the midpoint, indicating the buyers’ strength.

    Will ELON proceed higher?

    A retest of the $0.0000003 support followed by bullish price action could attract bulls. Investors will again aim for the $0.0000004 resistance or higher up at $0.0000005. 

    If seeking to buy ELON, you could consider a little bit of patience with bullish reversal signals. Developments around the project, as well as those of Dogecoin, could also be potential bullish triggers.

    Where to buy ELON

    KuCoin

    Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

    Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

    Users can benefit from a beginner-friendly interface and relatively low fees.


    Buy ELON with KuCoin today

    Swapzone

    Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.


    Buy ELON with Swapzone today

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  • Rocketize Token, Dogecoin, And Shiba Inu Are Meme Coins With Huge Potential.

    Rocketize Token, Dogecoin, And Shiba Inu Are Meme Coins With Huge Potential.

    Meme coins have taken the crypto market by storm since they have been released, Rocketize token, Shiba Inu, and Dogecoin have huge profit potential.

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  • Gokhstein buys huge stake in Shiba Inu because no “SHIB killer” will ever beat the real project

    Gokhstein buys huge stake in Shiba Inu because no “SHIB killer” will ever beat the real project

    • David Gokhstein showed he is unwilling to dive into the Shiba Inu competitor THE Protocol, buying huge SHIB coins.
    • THE Protocol emerged from a jibe by Ethereum founder Vitalik Buterin and is gaining traction as a potential SHIB-killer.

    Last week, a tweet by Vitalik Buterin led to the birth and fast growth of THE Protocol, in competition to memecoin Shiba Inu (SHIB). However, some die-hard supporters of SHIB continue to back the crypto without any plans of switching their preferences to THE coin.

    Prominent cryptocurrency influencer and the founder of Gokhshtein Media, David Gokhstein showed he is unwilling to dive into the Shiba Inu competitor. Instead, he doubled down on his support for the memecoin SHIB.

    Expressing his undying support for Shiba Inu (SHIB), Gokhstein said that he would stick to the canine-themed cryptocurrency. Furthermore, he added that he has zero interest in the supposed SHIB killed “THE” coin. “I’m sticking with $SHIB — not interested in $THE at all,” he wrote. But this doesn’t mean that Mr. Gokhstein isn’t interested in any other memecoin in the market. In one of his other tweets, he writes:

    Give me a meme token that has an actual roadmap, use-case and even a working product. I’m looking to throw $1,000 into something right now. Give me the next $SHIB.

    Also, this is not the first time that Gokhstein has been publicly backing the SHIB cryptocurrency. In the past, the memecoin enthusiast has frequently shared his predictions for SHIB on Twitter. Earlier this month, Gokhstein said that Shiba Inu will have a parabolic rally in its next bull run. Before that, he had also expressed regret for not going all in Shiba Inu while investing in the memecoin. “When it came to meme tokens, I should have just [gone]all in on SHIB,” he said.

    Launch of THE Protocol

    Last week, Ethereum founder Vitalik Buterin took a jibe at new crypto projects stating that protocols often use THE to gain traction in the market. He jokingly said that someone should be creating a project named THE Protocol.

    A few days later, an ERC20 protocol THE Protocol (THE) came into existence. Memecoin $THE came into existence by drawing a leaf from the Shiba Inu playbook and many talked about it as the next SHIB-killer.

    THE Protocol also gifted Buterin 100 million THE memcoins or 10 percent of THE coins in circulation. Soon after the creation of THE, its value propelled by 1000 percent the next day. However, it has lost much of its value since then.

    While the launch of THE Protocol as a SHIB-killer managed to stir up some momentary interest in the memecoin, Shiba Inu is holding strong. The Shiba Inu ecosystem has seen some interesting developments in recent times. Recently, Shiba Inu secured a second rank as a Web3 security leaderboard, after Polygon. On the other hand, Canada-based crypto payment gateway, FCFPay allows users to pay for their Netflix and Amazon subscriptions in SHIB crypto.



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  • Expect Huge Returns From These Cryptocurrencies— Shiba Inu, Dogelon Mars, and Big Eyes

    Expect Huge Returns From These Cryptocurrencies— Shiba Inu, Dogelon Mars, and Big Eyes

    The cryptocurrency industry has seen a spike in the popularity of several meme tokens. Those who were able to get on board early have received huge returns from some of them, who have attained amazing heights. Some even incorporate other utilities to offer investors even better value.

    Dogelon Mars (ELON) and Shiba Inu (SHIB) are two well-known meme coins. Big Eyes (BIG), a brand-new coin, is currently making an effort to reproduce its success and advance even farther. The time to buy Big Eyes (BIG), which may turn out to be the next big meme coin, may be right now as its presale begins. Examine the exciting new token and compare it to Shiba Inu (SHIB) and Dogelon Mars (ELON) in this article.

    Shiba Inu (SHIB)

    Shiba Inu (SHIB) was released in August 2020. Shiba Inu (SHIB) is a cryptocurrency built on the Ethereum platform. In contrast to other well-known cryptocurrencies like Bitcoin (BTC) and Ethereum, meme currencies often offer owners little to no usefulness (ETH). However, in the case of Shiba Inu (SHIB), the development team is sincerely working to provide Shiba Inu (SHIB) investors with more value, which includes launching a decentralized exchange in the near future.

    A Proof of Work (PoW) consensus is presently used by the Shiba Inu (SHIB) network. Shiba Inu (SHIB), however, intends to convert from the PoW mechanism it now utilizes to Proof of Stake (PoS). This year, Shiba Inu (SHIB) has seen tremendous growth in popularity especially due to its uniqueness and profitability.

    Dogelon Mars (ELON)

    On April 23, 2021, the Dogelon Mars (ELON) spacecraft was launched. The developers of Dogelon Mars (ELON), like a few other cryptocurrencies, are unknown. An ERC-20 token called the Dogelon Mars (ELON) was developed on the Ethereum platform. You can purchase it on Uniswap and exchange it there for other cryptocurrencies. Most owners simply keep it in their blockchain wallets, however some will donate tokens to those who have been the victims of bitcoin fraud in order to advance the community’s objectives. The token also lacks a white paper outlining its goals and functions. In terms of utility, nothing sets Dogelon Mars (ELON) apart from other cryptocurrency coins. Although this is true of nearly all digital currencies, it can be purchased, sold, and transmitted to cryptocurrency wallets.

    Numerous cryptocurrency projects have drawn inspiration from Dogecoin (DOGE), but Dogelon Mars (ELON) seeks to differentiate itself from the competition. It has made an effort to get the eye of well-known figures like Elon Musk, who is renowned for his insightful and unconventional engagements with the crypto Twittersphere. Additionally, Dogelon Mars (ELON) creators have included a few unique ideas.

    Big Eyes (BIG)

    The newest cryptocurrency project available is called Big Eyes (BIG). The cryptocurrency aims to exceed well-known initiatives like Dogecoin and Shiba Inu (SHIB) (DOGE). This innovative new meme coin elevates the crypto community. A Big Eyed cat that was bred by a NASA scientist couple and tragically lost its life in an accident is the center of this viral cryptocurrency. Then he sailed a ship across the world in an endeavor to understand the ways of the seas. During a violent storm, he was unintentionally thrown overboard; a humpback whale saved him.

    Money from the DeFi community will be moved to the real world in this way. Big Eyes Coin (BIG) aims to improve the situation by leveraging NFTs built on a reliable blockchain environment. Therefore, the community will have power over this token. In addition, 90% of the total token supply will be made accessible at launch. A maximum of 200 billion BIG tokens will be made available to users. You don’t want to miss out on the token’s current presale. Get in on the presale right away!

    Website: https://bigeyes.space/

    Presales: https://buy.bigeyes.space/

    Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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  • Top 3 Cryptocurrencies With Huge Potential: Avalanche (AVAX), Shiba Inu (SHIB), and Flasko (FLSK)

    Top 3 Cryptocurrencies With Huge Potential: Avalanche (AVAX), Shiba Inu (SHIB), and Flasko (FLSK)

    Anyone looking for cryptocurrencies that have the potential to grow may look at Avalanche, Shiba Inu, and Flasko.

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