As an experienced analyst, I believe that the recent underperformance of memecoins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) is a result of several interconnected factors. Firstly, the overall altcoin market structure has weakened in recent weeks, with TOTAL3 experiencing a significant pullback after a rally that began in October 2023. This correction … Read more
As a seasoned crypto investor with a keen interest in central banking and financial technologies, I find Joachim Nagel’s remarks at the Innovation Summit particularly intriguing. His admission of uncertainty regarding the future of central banks is a refreshing perspective that resonates with my own observations of the rapidly evolving landscape. According to Joachim Nagel, … Read more
As a long-term crypto investor with a keen interest in regulatory developments, I find Rostin Behnam’s recent remarks at the 2024 Global Conference both reassuring and concerning. On one hand, it is heartening to hear the CFTC chair acknowledge the resilience of the crypto market despite last year’s downturn and the continued influx of investors … Read more
SHIB’s recovery hit over 20% as bulls aim for further gains. But the recovery faced hurdles that could only be bypassed if BTC extended recovery. As an analyst with extensive experience in cryptocurrency market analysis, I’ve closely observed Shiba Inu’s [SHIB] recent price action and technical indicators. The memecoin has shown impressive recovery since May … Read more
As a seasoned crypto investor with several years of experience in the industry, I’ve seen my fair share of airdrops and their impact on the community. The ongoing controversy surrounding EigenLayer’s restrictive airdrop qualifications is just the latest chapter in this saga. As a researcher studying the cryptocurrency scene, I’ve been following the ongoing debate … Read more
In summary, most cryptocurrencies have formed ranges or are trying to break out of their current ranges, with some showing signs of potential trend reversals. Bitcoin and Ethereum are attempting to hold above their respective moving averages, while altcoins like Dogecoin and Cardano continue to face selling pressure at resistance levels. Toncoin and TON are … Read more