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Showing posts from June, 2024

Best Cryptocurrencies to Invest in Right Now June 30 – Gnosis, Oasis, Toncoin

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Investors consistently look for significant altcoins, anticipating growth and returns. Several altcoins are experiencing a notable uptick through technical Analysis and market sentiments, indicating promising opportunities. This article analyzes these tokens that show potential for substantial returns, catering to investors aiming for significant gains.  InsideBitcoin offers a selection of tokens that are gaining investor interest due to improved market updates and growth potential. This resource provides investors with an easy entry point into the market. Best Cryptocurrencies to Invest in Right Now PlayDoge is attracting significant attention, having raised over $5.2 million and showing strong investor interest and confidence in its potential. Kazakhstan’s Astana Financial Services Authority (AFSA) recently approved Toncoin trading on licensed platforms. Meanwhile, Oasis Network has teamed up with Hats Finance to enhance security within its ecosystem. This partnership centers on

Bitcoin In Oversold Territory, Good Time To Buy: Says Analyst

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Renowned crypto analyst Ali Martinez took to X and shared with his followers that Bitcoin’s (BTC) Relative Strength Index (RSI) is again in the oversold territory. The analyst says it may be a price opportunity to buy the dip. Martine highlights that BTC’s daily RSI has hit the oversold territory three times in the past two years. In each of the three instances, BTC’s price has surged by 60%, 63%, and 198% respectively. In the past two years, the #Bitcoin daily RSI has hit oversold territory three times, resulting in $BTC price surges of 60%, 63%, and 198%, respectively. With #BTC now below $62,000 and the RSI in oversold territory again, it might be a prime opportunity to buy the dip! pic.twitter.com/JkJ4IgoeML — Ali (@ali_charts) June 24, 2024 BTC briefly went below $60,000 on Monday but has since recovered the $60,000 level. BTC continues to trade in the red zone and is down by 3% in the daily chart, 7.5% in the weekly chart, 10.4% in the 14-day chart, and 12.3% over the previous mo

Petrodollar Died This Month, Not the US Dollar

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The 50-year PETRODOLLAR agreement with Saudi Arabia to use the US dollar for oil payments ended in June 2024. Saudi Arabia can now accept other currencies for oil settlements including the Chinese yuan, Japanese yen, and Indian rupee. China’s President Xi Jinping is keen on pushing the Chinese yuan ahead not only for oil but for all transactions. Also Read: BRICS Outperforms the US: Becomes Top Exporter of Copper There’s a plethora of currencies for Saudi Arabia to choose from that could replace the PETRODOLLAR and usher into a new era of oil trade. However, Saudi Arabia cannot afford to replace the US dollar with local currencies after the PETRODOLLAR ’s demise. Why, you may ask? Well, it’s because Saudi Arabia ’s local currency, the riyal (SAR) is pegged to the US dollar . Also Read: 93% Oppose U.S. Plans of Creating ‘Asian NATO’ US Dollar Still Thrives While the Petrodollar Dies Source: Anton Petrus/Moment RF/Getty Images The riyal is pegged to the US Dollar at a fixed excha

Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern Echoing 2022 Breakout

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Solana (SOL), a cryptocurrency renowned for its fast transaction speeds, might be on the verge of a significant comeback. Technical analysts are drawing parallels between the current price chart and a previous pattern that preceded a substantial price surge in 2022, sparking optimism for a bullish reversal. Related Reading Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst 7 hours ago Solana: Chart Pattern Suggests Possible Rebound The buzz among analysts centers around a descending triangle pattern visible on SOL’s current chart. This pattern, often observed during a consolidation phase after a downtrend, typically indicates a continuation of the decline. However, when such a pattern forms after a significant price drop, it can also signal a reversal. I’ve seen this movie before.$SOL pic.twitter.com/ByKj3

Biaoqing Price Tumbles 18% As Traders Race To Buy This Solana Meme Coin Before Its Big Airdrop And Listing

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The Biaoqing price plunged 18% in the last 24 hours to trade at $0.011 as of 01:09 a.m. EST on trading volume that dropped 11% to $4.2 million This comes as the meme coin space gained 3% in the last 24 hours to hit a market capitalization of $48 billion. BIAO, known as the “Pepe of China,” outperformed the original PEPE, which is up just 1%. Biaoqing Price Could Rise, Set For A Bullish Rally Over The Falling Wedge BIAOUSD Chart Analysis Source: GeckoTerminal.com After its launch, the Biaoqing price soared to an all-time high (ATH) of $0.0515 on June 19, according to data from GeckoTerminal . However, the bears have gained full control of the price, with the token being down 77% from its ATH. BIAO price has been trading within the confines of a falling wedge pattern, registering higher lows. The bulls then found support within the $0.0095, which the bulls are using to stage a likely bullish trend reversal that could push BIAO over the falling wedge pattern. The current r

AI predicts Solana price for July 1, 2024

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For months, Solana (SOL) has been one of the biggest stars of the ongoing cryptocurrency bull market.  The blockchain’s token – SOL – saw a magnificent rise from approximately $20 late in 2023 to as high as $200 earlier in 2024. Even after a recent downturn, it remained a significant 37.28% in the green in the year-to-date (YTD) chart, and Solana’s price in the early hours of June 27 stood at $139.07. SOL YTD price chart. Source: FInbold Along with the token, the Solana blockchain has been remarkably active and has featured millions of new projects of varying types, levels of success, and degrees of legality throughout the year. Picks for you Andromeda integrates with Injective to drive DeFi adoption 25 mins ago ‘Hawk Tuah’ crypto tok

MoonBag Redefines Standards With 88% APY, becoming Top Crypto Presale in 2024! BONK Price Aims? Dogwifhat Defies Bearish Trends!

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Among the vast pool of investments to choose from, why is everyone running towards MoonBag? Is it because of its impressive 88% APY stalking opportunity, which is now live, or is it because of its potential to outperform the likes of PEPE? How does MoonBag shape up against projects like Dogwifhat, which is currently challenging the bearish sentiment it had been showcasing, and BONK, whose presale came to an end recently but failed to impress? MoonBag coin, a project with all the vigour to challenge its competition, has taken the crypto world by storm. The adorable monkey mascot of the project guides investors towards an incredible 88% APY, a potential to reap a staggering 15,000x ROI post-launch, and also towards a future in which MBAG would potentially overshadow the hype that PEPE created. Read more and find out why most analysts are pushing for MoonBag to be a top choice for investors seeking the top crypto presale of 2024. BONK Price Set to Challenge Previous ATH As of wr

Charles Hoskinson names 'good guys' and 'bastards' in Cardano fairness list

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Charles Hoskinson has placed crypto YouTube channel Altcoin Daily top of a list of crypto news outlets ranked on how fairly they treat Cardano . Coincidentally, the YouTube channel that hosted this highly impartial investigation into media biases was… Altcoin Daily. During the video, Hoskinson stresses that the outlet’s favorable rating wasn’t given “just because we’re being interviewed.” Indeed, according to the Cardano and Ethereum co-founder, “[Altcoin Daily] have a huge audience, you’ve always been friendly, you’re nice guys, and you try to get things right and accurate.” Altcoin Daily has 1.48 million subscribers and creates videos with clickbait titles. Hoskinson then ranks CoinDesk a B, saying it’s been accurate and fair in reporting hard forks. Hoskinson considered buying the publisher last year, and claimed during the interview that he passed on the purchase as there would be “ a mismatch of what we perceived to be the value in their expectations .”  Hoskinson ranks

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

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Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook.  Bitcoin Could Drop To As Low As $50,000 10x Research’s lead analyst Markus Thielen mentioned in the report that Bitcoin could drop to as low as $50,000. He highlighted a topping formation for the flagship crypto that could lead to this steep decline. Thielen noted how Bitcoin had been range trading for a while now, a pattern that is often marked by several false breakouts.  Related Reading SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins 13 hours ago However, with BTC shifting into a topping formation, the re

Jupiter Price Prediction: JUP Pumps 8%, But Experts Say This AI Meme Coin Might Be The Best Crypto To Buy Now

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The Jupiter price surged 8% in the last 24 hours to trade at $0.786 as of 00:42 a.m. EST on trading volume that skyrocketed 86% to $131 million. This comes as the decentralized exchange (DEX) rolls its Jupiter Swap V3, leveraging the new Metropolis liquidity backend to enable instant routing, dynamic slippage, smart token filtering, and ecosystem token list. Metropolis We completely re-engineered our backend systems to solve key user problems including new token discovery, difficulty of figuring out correct safe slippage, finding the right token, important warnings and more. This allows Jupiter to keep up with the exploding number… pic.twitter.com/TNOuV3dJBc — Jupiter 🪐 (@JupiterExchange) June 24, 2024 Jupiter Price Gearing Up For A Breakout Above The Consolidation Channel JUPUSD Chart Analysis Source: GeckoTerminal.com The Jupiter price has been on a downtrend from the beginning of June, which was mainly fueled by the death cross at $1.10, according to data from