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The crypto strategist who pinpointed a correction in Bitcoin (BTC) earlier this year believes decentralized finance (DeFi) altcoins are poised to erupt. Pseudonymous analyst Recto Capital tells his 508,200 followers on social media platform X that yield tokenization protocol PENDLE’s native asset is poised to start a new uptrend He said it seems like it. The analyst shared a chart suggesting that Pendle has successfully retested the neckline of the inverted head-and-shoulders pattern on the weekly chart, indicating that the altcoin is positioned to move higher. “Technically, PENDLE had a good weekly close above the $4.48 (blue) level.” Two weeks…
Dog-themed meme coin DOGE encountered resistance near $0.1797, reaching a recent high after Donald Trump voiced his support for Elon Musk at his rally in New York. Since reaching this resistance level, the token has fallen 3.34% in the past 24 hours, giving it a market cap of $24.8 billion. Supporting this bearish outlook, technical indicators on the daily chart suggest a possible trend reversal if the cryptocurrency enters overbought territory. DOGE Technical Fix Tips One such indicator is Bollinger Bands. Bollinger Bands indicate high volatility in price as the band continues to widen, and DOGE’s value is around $0.1725…
Currently, demand for crypto assets such as meme coins is waning as institutional money floods the industry. This is evidenced by the 40% drop in Dogecoin’s price, while Shiba Inu’s price is down 50% from its 2024 high in March. Is this the end of meme coins? New crypto asset roll blocks are not suffering from market maturation. In fact, this utility token is very prosperous. It is required for all transactions on the platform, which is expected to be one of the most used in the cryptocurrency space, with analysts predicting it to be a 100x ROI every day.…
What has risen begins to fall sharplygetty DJT surged 300% on volume of 1.3 billion shares, just hitting the sturdy $50 barrier. As a meme stock, it’s driven by social media popularity for a simple reason. The idea is that the Trump brand is tied to Donald Trump’s chances of winning the election. The risk for DJT is that its rationale causes the price to rise so quickly that it far exceeds its fundamental valuation, which would almost certainly lead to the bubble bursting. Without fundamental support, investors (think speculators and day traders) rely on technical items such as price…
DTX Exchange (DTX) and DOGE are currently in a bullish zone, showing strong performance indicators amid changing market sentiment. While Dogecoin’s price is gaining momentum following Bitcoin’s price surge, DTX Exchange (DTX) has gained a strong following after a $6.24 million pre-sale rally went viral, and various meme coins It’s driving investors away from the project. Dogecoin price continues bullish trend: jumps more than 7% in one day Dogecoin price has been on a bullish trend recently after trading volume increased by 7% in the past 24 hours. Gaining upward momentum earlier this week, DOGE rose 7.5% yesterday to reach…
The primary role of virtual currencies and digital assets, for almost their entire history, has been largely limited to trading and speculation, despite designs to the contrary. However, recent advances in blockchain infrastructure are positioning digital assets as more capable tools for real-world financial transactions. And the current maturation of the blockchain industry highlights a rising trend among crypto entities seeking to increase their utility across the financial services ecosystem. If successful, this transformation could redefine cross-border payments and simplify cash management for consumers on both sides. And business. Still, this is the change many have been waiting for since…
Traders reacted after the closing bell rang on the New York Stock Exchange on March 20, 2024.Brendan McDiarmid | ReutersStock futures fell Wednesday night as Wall Street absorbed new earnings reports from mega-cap technology companies.S&P 500 futures fell 0.3% and Nasdaq 100 futures fell 0.5%. Futures, which track the Dow Jones Industrial Average, fell 27 points.In after-hours trading, Metaplatforms fell 3% after the company missed the Street’s expectations for user growth and warned of higher capital spending in 2025. Microsoft’s earnings outlook disappointed investors, sending the stock down nearly 4%.In regular trading on Wednesday, major average stock prices recorded modest…
NYSE Arca has filed an application with the SEC to list its Grayscale exchange-traded fund (ETF) featuring a variety of cryptocurrencies, providing a major boost to expanding institutional access to digital assets.A cryptocurrency index portfolio created in 2018, the Grayscale Digital Large Cap Fund includes popular cryptocurrencies such as Bitcoin, Ethereum, and Solana, as well as other altcoins. The filing follows the company’s recent Oct. 16 filing to convert the fund into an ETF.If approved, the Grayscale Digital Large Cap Fund ETF will introduce investors to a mixed basket of digital assets, positioning itself as a more comprehensive alternative to…
A new digital asset manager has filed to launch the Spot Solana exchange-traded fund (ETF), joining a growing number of up-and-comers including established companies VanEck and 21Shares.Canary Capital, which filed for XRP and Litecoin products with the Securities and Exchange Commission (SEC) this month, filed an S-1 filing for the proposed Canary Solana ETF on Wednesday.ETFs are popular investment vehicles traded on stock exchanges. If the SEC approves the Canaria Solana ETF, investors will be able to gain exposure to the coin by purchasing stocks tied to the price of SOL without having to purchase and store cryptocurrencies.SOL is the…
Meta announced its third-quarter results after the closing bell on Wednesday, with quarterly revenue of $40.59 billion, beating analyst estimates. User growth was slightly lower than expected, and Meta’s stock price fell more than 3% in after-hours trading after a call with analysts. Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app By clicking “Sign Up”, you agree to our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our settings page or by clicking “unsubscribe” at the bottom of the email. Meta achieved better-than-expected sales…