As an experienced financial analyst, I find El Salvador’s move to adopt Bitcoin as legal tender and create a proof-of-reserve website an innovative step towards financial inclusion and attracting financial innovation. The country’s goal of adding 1 BTC to its treasury every day is commendable, especially since they started buying Bitcoin in September 2021. El … Read more
WLD’s price declined by more than 5% in the last 24 hours. Most technical indicators hinted at a price uptick in the coming days. As an experienced analyst, I believe that the recent decline in Worldcoin’s (WLD) price, which dropped by more than 5% in just 24 hours, was a correction rather than a long-term … Read more
This text appears to be a summary of news articles and analysis related to the cryptocurrency market, specifically Bitcoin (BTC), for the week of May 13, 2024. The following are the key takeaways: Bitcoin (BTC) begins the new week by maintaining its position above the crucial support level of $60,000, as market sentiment remains on … Read more
As a crypto investor with experience in the Asian market, I’m excited about the recent announcement from the Bangko Sentral ng Pilipinas (BSP) regarding the controlled trials of the Philippine Peso-backed stablecoin, PHPC. This development comes after UnionBank’s successful launch of a payments-focused stablecoin pegged to the Philippine peso, PHX, in 2019. As a crypto … Read more
Shiba Inu and FLOKI both saw accumulation amidst negative social media sentiment The selling pressure behind Shiba Inu was not intense in the past six weeks As a crypto investor with some experience in analyzing meme coins, I’ve been keeping an eye on Shiba Inu (SHIB) and Floki (FLOKI). Both tokens have seen accumulation phases … Read more
The token was oversold, suggesting a reversal to the north. DAA fell more than XRP’s price, indicating that $0.50 could be a good entry. As an experienced analyst, I believe the oversold condition of XRP‘s token, indicated by a low RSI reading, presents a potential buying opportunity. The price-DAA divergence further supports this view, as … Read more