NFT News by Thebittimes.Com

A crypto analyst who accurately called Bitcoin’s (BTC) price floor during the 2018 bear market is suddenly flipping bearish on Solana (SOL). Pseudonymous analyst Bluntz tells his 239,000 followers on the social media platform X that Solana is flashing multiple bearish signals on the daily chart after rallying to a seven-day high of around $106. According to Bluntz, Solana may lose more than 10% of its value from current levels before carving a bottom and restarting its uptrend. “[Five-wave] up visible on daily for SOL and a bearish SFP (swing failure pattern). HTF (high time frame) structure still looks great but don’t be surprised if we pull back here back into the high $80s.”  Source: Bluntz/X Bluntz practices the Elliott Wave theory, a technical Analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset goes through a five-wav...

The Solana price has plunged 6.5% in the last 24 hours to trade at $98.15 as of 5:29 a.m. EST on trading volume that dropped 15% to $2.6 billion. This decline comes as popular crypto analyst Michaël van de Poppe predicts SOL soaring to $140.  Poppe said on X that Solana’s consolidation period appears to have ended after SOL bounced from its recent low of around $79. #Solana is ready for upward continuation here. After the initial push upwards, there's always a period of consolidation, and it seems it's ended. A higher timeframe support test at $80 provided support. Looks likely we'll be continuing towards $140. pic.twitter.com/5DRQaRhbZh — Michaël van de Poppe (@CryptoMichNL) January 28, 2024 The Solana Price: Bulls Break Above The Bullish Pennant SOLUSD Chart Analysis. Source: Tradingview.com The Solana price has been rising gradually on an upward trend after a prolonged period of consolidation that gave the bulls a platform to send the prices hi...

The Bitcoin price has dropped almost 1% in the last 24 hours to trade for $42,995 as of 1:20 a.m. EST time. Trading volume is up just 2%, with the Bitcoin price unable to overcome the critical level of $43,750. Meanwhile, a Glassnode report indicates that BTC holders remain reluctant to sell their holdings even after the recent selloff associated with the spot exchange-traded funds (ETFs). According to on-chain indicators, BTC holders continue to cling to their coins, it says. A Glassnode analyst who uses the pseudonym Checkmatey said the Bitcoin bull market correction drawdown metric shows that Bitcoin price’s recent drawdowns have been uniquely shallow relative to previous bull runs. The Bitcoin bull market correction drawdown metric measures how far price has gone down from the high after every significant rally. @Dav1dDuong & @_Checkmatey_ hosted a webinar which highlighted some insights from our Q1 Guide to Crypto Markets with @CoinbaseInsto. In this clip they dis...

The cryptocurrency market seems to be recovering from the recent sell-off. Bitcoin (BTC) has reclaimed the $43k level, and other assets are following behind. Many analysts anticipate a bull market for the crypto sector in 2024, fuelled by the SEC’s (Securities and Exchange Commission) recent spot BTC ETF (Exchange Traded Fund) approval and BTC’s halving in April. Also Read: Top 3 Cryptocurrencies That Could Rally After Bitcoin Halving With that in mind, let’s look at three crypto assets under $0.10 that could surge in 2024, given we enter a bull market. Top 3 cryptocurrencies under $0.10 that could surge in 2024 Shiba Inu (SHIB): Source – CoinCodex It is no surprise that SHIB is one of the most popular cryptocurrencies in the market. The asset has turned many early investors into multi-millionaires. However, SHIB’s price has struggled after its 2021 peak. Regardless, fans and investors hope the memecoin will regain lost traction in 2024. If we...

Seeking budget-friendly crypto investments to capitalize on the upcoming bulls is a wise investment decision. Cheap tokens often outshine their higher-priced counterparts, providing investors with accessible market entry points. Therefore, Insidebitcoins consistently curates a list of the top affordable cryptocurrencies to purchase, all priced below one dollar. 5 Best Cheap Crypto to Buy Now Under 1 Dollar This is a curated list of 5 promising digital assets priced under $1, ideal for investors seeking affordable yet high-potential crypto options. These tokens are positioned as potential game-changers for investors combing the market for cheap altcoins. Meanwhile, the Securities and Exchange Commission (SEC) gave the green light to 11 new spot Bitcoin ETFs, with two emerging standout performers within the batch. 1. WOO (WOO) With investors strongly anticipating a bull, WOO Network has seized attention with some admirable performances. WOO is currently above the 200-day SMA, reflec...

The Honk price plummeted more than 14% over the past 24 hours to trade at $0.01399 as of 11:45 pm EST. The Honk Price Has Formed A Bearish Channel 4-hour chart for HONK/USDT (Source: TradingView ) The Honk price has been trading in a consolidation channel since Jan. 27. In the last 24 hours, however, the altcoin has printed a series of lower lows and lower highs. This has led to the formation of a descending price channel. Should this sell pressure persist, HONK could soon retest the support level at $0.012040. This bearish thesis may be invalidated if the Honk price is able to overcome the $0.016115 resistance. This will not only place it above the current bearish channel, but will also result in the crypto flipping the $0.016115 resistance into support. Buyers may then identify this as a long entry, which will subsequently lead to HONK rising. As a result, the Honk price could attempt to break through the $0.019125 threshold as well. The Honk Price Is Trying To Break Its Neg...

The last three trading days have mainly been dominated by red candles, with only 13% of tokens in the green zone today. Huobi Token stands out as the top gainer among these coins, boasting a remarkable 20.22% increase over the past 24 hours. Conversely, Dogwifhat takes the spotlight as today’s biggest loser, recording a significant loss of 16.62% during the same period. Biggest Crypto Gainers Today – Top List Taking a broader perspective, Dogwifhat has emerged as the star performer over the past year, exhibiting an impressive gain of 6250%. Meanwhile, cryptocurrency prices mount a resurgence as Bitcoin rockets 5% to cap off the week. 1. Conflux (CFX)  The CFX toke surged over 13% following establishing a strategic partnership with BlockBooster, an Asia-based venture studio. This collaboration aims to tap into web3 incubation opportunities within the Conflux ecosystem. As such, it primarily focuses on organizing significant events for Conflux Builders. In addition, ...

18 U.S. senators, including Cynthia Lummis and Ted Cruz, actively support the cryptocurrency sector. According to the advocacy group Stand with Crypto Alliance, created with the support of the Coinbase exchange, the leader among legislators in the number of initiatives to support the segment is Cynthia Lummis, who introduced eight bills and 184 resolutions over her time spent as Senator; who along with another 17 of her cohorts also took part in producing legislation favourable to the crypto ecosystem. Among others, the following senators are listed Ted Cruz, Kirsten Gillibrand, John Cornyn, Steve Daines. At least 30 senators , in turn, are against the crypto sphere the report contents. Among crypto ’s most vociferous skeptics is Mark Warner, who has four bills and 17 resolutions to his name that have attempted to tighten regulation of the industry to one degree or another. You might also like: US Senator Elizabeth Warren introduces bill to crack down on crypto Also on ...

Meme coins, fusing internet culture, community engagement, and financial potential, go beyond popular trends, marking unique investment opportunities. Despite their inherent volatility, meme coins have attracted the attention of crypto investors, experiencing significant surges that, at times, outperform the profits achievable through traditional investments. The resilience and adaptability displayed by meme coins in the face of market fluctuations underscore their potential to reshape the future of digital investments. Investors find themselves not merely drawn to the promise of returns but also to the shared enthusiasm and sense of belonging that comes with being part of a community driven by the novel narrative of meme coins. In this article, we highlight two standout meme coins positioned as promising investments for the year 2024, showcasing their potential for substantial value growth. Sponge V2 (SPONGEV2) The original Sponge token gained widespread recognition for its rema...

Meme cryptocurrencies have emerged as a captivating subculture within the broader crypto ecosystem. Characterized by charismatic mascots and humorous branding, these coins transcend the conventional expectations associated with traditional cryptocurrencies. In this article, we analyze the factors behind Husky’s market cap jumping above $250 million, Kimbo’s community exceeding 50,000, the potential of eTukTuk, and the reason behind Wojak’s recent rally. New and Best Meme Coins to Buy Now  Based on the recent announcement by Avalanche Foundation to set aside $100 million to buy several meme tokens for “culture and fun,” several meme coins on Avalanche platforms are trending in the market today. Husky and Kimbo meme coins stand out from other tokens on Avalanche due to their exceptional market performance. We analyze the market performance of these tokens to understand what exactly is happening with the Avalanche-based meme coins 1. Husky (HUSKY) H...