Bitcoin’s recent decline has not deterred analysts from maintaining a long-term bullish outlook. Despite a decline in price, the long/short ratio has continued to climb, according to analyst Philip Swift, co-founder of trading suite Decentrader and creator of data resource LookIntoBitcoin. One factor contributing to analysts’ optimism is Bitcoin’s halving, which has followed a set
Altcoins
Pepecoin (PEPE) experienced a 65% decrease in its market valuation on May 12, a week after reaching its record high of $1.54 billion. The primary reason behind the extreme price correction is profit-taking. After its launch on April 14, Pepecoin rallied from almost nothing to as high as $0.00000372, emerging as the fastest-growing ERC-20 token
Pepe memecoin has been gaining popularity in the cryptocurrency market. However, its hype has also attracted bad actors who have started creating scams related to the coin. According to blockchain security firm PeckShield, there have been at least ten memecoin scams created in the last three days. These scam tokens have had their liquidity removed,
Milady (LADYS) is a self-organized memecoin named after an anime avatar nonfungible tokens (NFT) collection. Within 24 hours, the token surged over 5,250% and was trading at $0.0000001528 at the time of publication. The surge in token value occurred after Elon Musk tweeted a meme using the Milady NFT imagery, which sent the average Ether
Pepe (PEPE), a new memecoin, has experienced a significant drop in its price by more than 42% just days after reaching an all-time high on May 6. This has resulted in at least one investor suffering paper losses worth hundreds of thousands of dollars. According to Lookonchain, a blockchain analytics service, a cryptocurrency “whale” purchased
LP tokens are not just a representation of one’s assets in DeFi, but they also hold significant value as a fundamental component of the decentralized exchange (DEX) and automated market maker (AMM) used by various decentralized applications (DApps). Liquidity providers earn passive income through transaction-generated fees earned by the liquidity pool in proportion to their
Sui (SUI) has experienced a sharp decline in its price after its market debut across leading cryptocurrency exchanges. On May 5, the token was trading at $1.26 per token, a decrease of about 70% from its record high of approximately $4, which was established just two days prior on Binance. SUI Maintains Overall Market Gains
Since the inception of Dogecoin in 2013, memecoins have been a part of the cryptocurrency space. However, a new token called Pepe (PEPE) has grabbed a significant share of the market from plucky investors. Pepe Token Rally PEPE saw a 2,000% boom in value following its launch in late April 2023, primarily attributed to zealous
Pepe (PEPE), a cryptocurrency with a frog-based meme theme, has witnessed a surge of over 85% in the last 24 hours. PEPE, which was launched on April 14, 2023, has exceeded a market cap of $1 billion. Ironically, the token’s core value proposition is that it has none. The official website of the cryptocurrency comes
Major cryptocurrency exchanges worldwide have launched trading of the Sui (SUI) token following the Sui Network’s mainnet launch on May 3. The Sui Foundation announced that the Sui mainnet went live at 12:00 pm UTC, and many global crypto trading platforms supported the launch, allowing investors to buy and sell the new SUI token. Binance