A recent transfer of Bitcoin linked to the notorious Silk Road scandal has raised eyebrows in the crypto community. This move, involving more than $1.9 billion worth of Bitcoin, could
CoinOtag 2024-12-02 21:06
XRP, the cryptocurrency developed by Ripple, has reached its six-year peak, raising eyebrows in the crypto market as many speculate on its potential trajectory. With significant trading activity and market
CoinOtag 2024-12-02 20:59
The cryptocurrency market begins the week on a high note as XRP surges to rank as the world’s third-largest digital asset, marking a significant shift in market dynamics. In a
CoinOtag 2024-12-02 20:48
Bitcoin traders are actively purchasing price dips below $95,000, sparking discussions about whether these efforts can stave off a larger market correction. Despite Bitcoin’s recent ascent towards $100,000, institutional players
CoinOtag 2024-12-02 20:34
The cryptocurrency market has reacted sharply as nearly $2 billion worth of Bitcoin seized from the Silk Road is transferred to Coinbase. The movement of these assets not only impacts
CoinOtag 2024-12-02 20:20
The latest financial trends hint at a significant shift in crypto investments, with Ethereum (ETH) overtaking Bitcoin (BTC) in popularity among investors. New data from CoinShares reveals that 2024 has
CoinOtag 2024-12-02 20:18
Dogecoin demonstrates significant breakout potential against Bitcoin, fueled by a notable increase in on-chain activity and market buzz. Since the beginning of the year, DOGE has surged approximately 480%, highlighting
CoinOtag 2024-12-02 20:17
Investor sentiment has recently shifted away from Bitcoin and toward Ethereum, based on fund flow data from CoinShares.
CoinTelegraph 2024-12-02 20:16
WisdomTree has taken a significant step by filing for a spot XRP ETF with the SEC, aligning with several other firms in the competitive market. The proposed ETF aims to
CoinOtag 2024-12-02 20:06
Dogecoin shows strong breakout potential against Bitcoin, backed by a surge in on-chain activity.
AMB Crypto 2024-12-02 20:00
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Seeking Alpha 2024-12-02 19:52
TL:DR; Shiba Inu surged on Sunday but retraced hard on Monday, alongside the rest of the market. However, certain analysts believe this could be the calm before the storm, and they even envision a new all-time high for the popular meme coin. SHIB’s Monday Downfall CryptoPotato reported yesterday the positive price developments around the second-biggest meme coin. At the time, SHIB was the top performer from the larger-cap alts, having surged by over 15% on a 24-hour scale. As a result, SHIB skyrocketed to its highest levels since March this year of over $0.000033. However, the entire crypto landscape changed on Monday, with many assets plunging hard. Bitcoin, for example, dumped from over $98,000 to under $95,000 amid some potential profit taking from whales. Shiba Inu’s largest native token was not spared either, dumping by nearly 10% on a daily scale to well below $0.00003. However, popular X analyst Diamond-Hands noted that SHIB’s correction could be over now, and the asset seems primed for a new wave up from this point. Correction done on $SHIB WE MIGHT GET ANOTHER WAVE UP FROM HERE #ShibaInu https://t.co/Buw6BtI6CV pic.twitter.com/h6M0Uwz6jB — DIAMOND-HANDS (@TamngwaB) December 2, 2024 Ali, another well-known technical analyst, has $0.000037 in sight and believes the asset could reach that level as long as it remains above the crucial support at $0.000025, which still holds. Naturally, there are certain SHIB-related pages that continue to be highly bullish about the asset’s perspective in the near future, highlighting the potential of reaching a new all-time high. To do so, SHIB would need to triple its price from its current levels as its ATH stands at $0.00008616, according to CoinGecko. Major Strength Javon Marks told his nearly 50,000 followers on X that the meme coin’s rally over the weekend had confirmed “another bull pattern,” which shows its potential to be “further joining the bull show.” As such, the analyst noted that $0.000081 is still in play, meaning that SHIB could soon indeed target that aforementioned ATH. $SHIB (Shiba Inu), after recently confirming another bull pattern, looks to be further joining the bull show as prices are now showing signs of MAJOR STRENGTH! With holding breakouts implying that $0.000081 target to still be in play, these prices can be subject to another… https://t.co/CKpxZb7CMh pic.twitter.com/lu2QT5FzEg — JAVON MARKS (@JavonTM1) December 1, 2024 The post Here’s Why Shiba Inu’s (SHIB) 10% Daily Correction Could be Good News: Analysts appeared first on CryptoPotato .
Crypto Potato 2024-12-02 19:33
