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As summer is currently fast approaching, several crypto traders and analysts have cranked up their optimism for Bitcoin price trajectory. Among them is well-known crypto analyst, Rekt Capital, who has recently shared insights on BTC next move, suggesting that the asset is poised for a significant breakout in September. This sentiment is echoed by other market analysts who have been closely analyzing recent trends and historical data. What the Bullish September Sentiment Is Based On Rekt Capital pointed out that despite Bitcoin’s failure to break out from its reaccumulation range post-April’s Bitcoin halving, it is still “on track for a September breakout”. Reaccumulation phases are typically characterized by savvy investors accumulating assets in anticipation of a price surge. Related Reading: Is A Major Bitcoin Dip Coming? What the Coinbase Index Tells Us ...

The Decentralized Social price plummeted over 44% in the last 24 hours to trade at $8.50 as of 7:05 a.m. EST. This sharp decline in the DESO price comes after the US Securities and Exchange Commission (SEC) announced charges against BitClout founder Nader Al-Naji. In its complaint, the SEC alleged the BitClout founder sold $257 million in unregistered securities via the project’s native BTCLT token and misused a portion of investor’s funds. The SEC also named Decentralized Social , which is a newer project that Al-Naji is involved in, in its complaint. The Decentralized Social Price Loses A Major Support Level Daily chart for DESO/USDT (Source: TradingView ) The Decentralized Social price lost the key support level at $11.5756 in the last 24 hours, and has now formed a new support at $7.6030. Should DESO drop below this new technical safety net in the next 24 hours, the crypto could be exposed to the risk of plunging further in the short term. On the other hand, the...

Regardless of both their maturity in the market, Bitcoin and Ethereum rivalry persists. According to recent insights from QCP Capital, a global digital asset trading firm and market maker, Ethereum appears to have now shown potential for larger price fluctuations compared to Bitcoin. QCP reveals that the volatility premium between these two major cryptocurrencies has seen a notable increase, with Ethereum leading in potential price swings. ETH to see Larger Price Swings than BTC Delving further into the insights shared, QCP Capital disclosed that it has observed Ethereum’s volatility premium over Bitcoin expanding to 8%, up from 4% just last week. This widening gap, according to QCP highlights a growing trend where Ethereum is expected to outpace Bitcoin in terms of price volatility. Particularly, the Analysis suggests that Ethereum could offer more lucrative opportunities for those willing to capitalise on its market movements. Related Reading: Ethereum’s Breakou...

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Igloo Inc, the digital asset incubation studio, toy product merchandise and the parent company of the Pudgy Penguins non-fungible token collection, has started developing its layer two (L2) chain on Ethereum main net called Abstract, following the footprints of notable NFT firms such as Yuga Labs and Blur. This Week in @AbstractChain: 🧊 I'm closely following Abstract, the upcoming consumer L2 by the @pudgypenguins team. They've had a crazy week + just finished a founder AMA with @LucaNetz. Are poised to become a major Blast competitor in the months ahead. Here's a full run-down… — Untamed Adam (@adamagb) July 29, 2024 Pudgy Penguins Creates Its L2 Network On Ethereum In a blog post shared late past weekend, Igloo Inc. confirmed that it has started developing its blockchain network on top of the Ethereum main network. The new Ethereum Layer Two network, Abstract, is expected to be “the largest blockchain for consumer crypto users.” Introducing Ab...

Shiba Inu (SHIB) has made some gains over the weekend, rallying 2.4% in the last 24 hours and 1% over the previous month. But the asset is still down by 3% in the weekly charts and 4.8% in the 14-day charts. On the other hand, Bitcoin (BTC) is experiencing a healthy rebound, inching closer to the $70,000 mark. Also Read: Shiba Inu: $1 Weekly Investments Since Launch is $6 Million Today SHIB’s slow recovery could be due to hackers stealing over $100 million worth of coins from the Indian crypto exchange WaziX. Shiba Inu to hit $0.000037? According to the analysts at CoinCodex, SHIB could witness a breakout rally over the next few days. The platform predicts the dog-themed cryptocurrency to hit $0.00003756 on Aug. 3, 2024. Reaching $0.00003756 from current levels would translate to a rally of about 117%. Source: CoinCodex Also Read: Shiba Inu: Here’s How To Be a Millionaire When SHIB Hits $0.007 Changelly also paints a similar forecast for the dog-themed crypto. The platform anticip...

Dogecoin started a steady increase from the $0.1280 zone against the US Dollar. DOGE could gain pace if it clears the $0.1360 resistance zone. DOGE price is eyeing more gains above the $0.1350 resistance zone. The price is trading above the $0.1320 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it clears the $0.1360 resistance zone. Dogecoin Price Eyes Upside Break, Can It Follow Bitcoin’s Rise? After a short-term pullback, Dogecoin price found support near the $0.1280 zone. A low was formed at $0.1282 and DOGE price is now rising. There was a move above the $0.130 resistance zone. The price surpassed the 50% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. However, DOGE is well behind Bitcoin since the latter was able to clear the $68,800 resi...

Amid recent market fluctuations, certain digital assets are poised for substantial growth in the near future. These cryptocurrencies have demonstrated resilience and a potential for rapid appreciation, positioning them for a possible market cap surge to $50 billion. In this context, Finbold has identified two altcoins, XRP (XRP) and Dogecoin (DOGE), that exhibit strong potential to reach this significant market cap milestone by the end of August. XRP (XRP) Currently priced at $0.5964 with a market cap of $33.39 billion, XRP has been consolidating around the $0.64 resistance level.  Picks for you Bullish letter: Democrat politicians urge the party to embrace a pro-crypto stance 2 hours ago AI sets Solana’s next record high after S...

One low-cap altcoin surged by more than 27% this week amid its newly announced involvement in a central bank digital currency (CBDC) project. Coti (COTI) is a privacy-focused layer-2 network built on Ethereum (ETH). The project’s native asset is trading at $0.118 at time of writing, up from $0.0929 one week ago. Coti announced on Tuesday that it will take part in the Central Bank of Israel’s CBDC project alongside the payments giant PayPal and the digital asset operations firm Fireblocks. “CBDCs have been identified by COTI as a key use case for its privacy-centric upcoming infrastructure and we are thrilled to announce this milestone. The Bank of Israel has been exploring CBDCs since 2018 and will now explore with COTI the implementation and use of advanced functionalities and ways to build an ecosystem around its CBDC. As the only blockchain network selected to take part, COTI will bring its expertise to bear on design considerations. COTI’s ...

Blockchain technology is increasingly enhancing financial utilities, propelling digital assets into the forefront of the global financial market. Coinbase, for example, plans to introduce five new futures contracts, aiming to facilitate easier market entry for traders. This comes amidst growing excitement and institutional adoption, prompting investors to seek simpler avenues to participate. Furthermore, many new cryptocurrencies are emerging, getting listed, and being offered in presales, capturing significant attention. This article aims to simplify the search by highlighting the top tokens in these categories and providing comprehensive insights into their Features , utilities, and market prospects. New Cryptocurrency Releases, Listings, and Presales Today The Guru Network tackles blockchain challenges by emphasizing AI-driven user flow orchestration, integrating both on-chain and off-chain processes. Meanwhile, Base Dawgz has shown remarkable progress, raising $200,000 on its fi...