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
As a crypto investor with experience in the Chinese market, I’m keeping a close eye on China’s digital currency project, or e-CNY, also known as the digital yuan. The recent report suggesting that some state workers are seldom using it and converting it to physical cash is concerning. According to reports, China’s digital currency initiative, … Read more
As an analyst with a background in blockchain technology and market trends, I find the success story of Pudgy Penguins quite intriguing. The NFT project has surpassed the impressive milestone of one million toy sales within a year, marking a significant expansion into retail giants like Target and Walmart. Approximately one million and one Pudgy … Read more