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Bitcoin Dogs’ token 0DOG surges after launching a high-APY liquidity pool. Rising Bitcoin interest in the US boosts 0DOG’s value amid broader market trends. Despite a US demand spike, global Bitcoin demand and profits remain weak. The cryptocurrency market is abuzz with recent developments as Bitcoin Dogs’ native token, 0DOG, experiences a dramatic surge amidst rising Bitcoin demand in the US. This notable increase in 0DOG’s value comes on the heels of the launch of its liquidity pool and a spike in Bitcoin interest following Federal Reserve Chair Jerome Powell’s comments. While Bitcoin’s broader market demand remains negative, the US sector’s engagement is driving significant shifts in both Bitcoin Dogs and Bitcoin itself. Bitcoin Dogs (0DOG) sees significant rebound Bitcoin Dogs (0DOG) has recently captured the spotlight with an impressive price surge following the launch of its highly anticipated liquidity pool. ...

Dogecoin is showing signs of recovery after a recent 5% drop. Thankfully, DOGE has rebounded by 1% lately. This movement has sparked talks about a potential bull run and crypto surge. Let’s dive right in and see if a surge is possible for DOGE. Also Read: Solana (SOL) Price Prediction For This Weekend: August End 2024 Maximise Gains: Dogecoin Recovery and the Next Crypto Surge Technical Indicators Point to a Bullish Trend Crypto analysts have spotted a “Diamond Reversal Pattern” on Dogecoin’s chart. This pattern often signals the end of a downtrend. Could this be the case now as well? A bullish MACD crossover is also expected to happen soon. These indicators suggest a possible upward move for DOGE, but we’ll watch out. Historical Patterns Suggest Upcoming Surge Dogecoin has shown similar patterns before. This could happen again. Past bull runs began when certain chart indicators lined up. Some experts think this pattern may repeat. It could start in early S...

The r/snoofi price has skyrocketed 250% in the past week and 2.3% in the last 24 hours to trade at  $0.01396 as of 3:25 a.m. EST on a  29% drop in trading volume to $11 million. r/snoofi Price Breaks Out In A Bullish Stance The R/SNOOFI chart shows that the current price is $0.01396, trading within a clearly defined bullish channel after rebounding around $0.0094 – $0.0095 from the major support zone. This support zone is a strong foundation for the price, preventing further declines and sparking an upward move. The price action indicates a short-term bullish trend, with the channel guiding the upward momentum. R/SNOOFI/USD Analysis Source: Dextools.io The 50 simple moving average (SMA), currently around $0.0087, is positioned below the current price, providing dynamic support and further confirming the bullish outlook. Additionally, the price is well above the 200 SMA, reinforcing a strong long-term uptrend. The RSI is trading at 54.70, indicating a neut...

It’s difficult to explain why I both enjoyed and disliked Cryptomania . On the one hand, it’s necessary to acknowledge that Andrew Chow, the author, and a TIME Magazine correspondent, is a very good, very experienced writer who knows how to move a story along in such a way that the reader is hardly aware that they’re engaging in the task of reading. On the other hand, it’s odd that Chow decided that the best way to connect and explain the collapse of FTX and Alameda Research was through weaving together real-life tales of success and loss via NFTs. Neither FTX nor Sam Bankman-Fried (SBF) were widely engaged in the NFT space so to choose them as the main through line of a 40-chapter book seems like a real missed opportunity to delve into the murky worlds of offshore banks, money laundering, and international arbitrage in crypto. Cryptomania is both an easy read and a — sometimes manic — discussion about all things crypto-related that transpired over a couple of tumultuou...

Toncoin (TON) has more momentum than the community assumed as the asset rose amidst Telegram’s chaotic drama. Pavel Durov was recently put behind bars by French authorities. While Toncoin did take a hit during events, TON was seen recovering. The asset dropped by over 15% throughout the week, going from a high of $6.86 to a low of $5.09. At press time, TON was trading at $5.54, with a 3.84% surge over the last 24 hours. Also Read: Solana Eyes September Surge as Rate Cuts Can Propel SOL Toncoin’s Recovery and Future Predictions Source On-Chain Metrics and Investor Interest It wasn’t just the price that spiked; the asset’s on-chain metrics also saw a spike. CEO Durov’s arrest unintentionally sparked investors’ interest as it attracted a wave of new users. According to data from IntoTheBlock, the Toncoin network saw 43.08 million active funded addresses before Durov was arrested. The number has now increased by one million, reaching 44.02 million. This s...

NFT marketplace OpenSea has been issued a Wells notice by the Securities and Exchange Commission (SEC) which is threatening to sue the firm on the grounds that non-fungible tokens (NFTs) on the platform are securities.  OpenSea CEO Devin Finzer announced the notice on X (formerly Twitter) on Wednesday. OpenSea has responded to the notice with an official statement in which it argues that NFTs are used for purchasing game items, supporting artists, and “boasting allegiance” to a sports team. “Classifying NFTs as securities would not only misinterpret the law, but it would also jeopardize artists’ livelihoods, disempower collectors and gamers, and stifle innovation across the many promising use cases for NFTs,” it read. OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities. We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight. Crypt...

VeChain (VET) has faced quite a correction over the last few weeks. The asset is struggling to gain momentum and is glowing red across the board. VET is down by 5.3% in the daily charts, 1.5% in the weekly charts, 2.2% in the 14-day charts, and 19.6% over the previous month. Also Read: Ripple: Whales Buy 50M XRP as Price Looks to Surge Understanding VeChain’s Recent Performance and Future Potential Source: CoinGecko Why The Lack of Upward Momentum? VeChain’s (VET) underwhelming performance may be caused by Bitcoin’s (BTC) drop below $60,000. Even though the Federal Reserve announced that interest rates would decline in September 2024, investors might not feel comfortable investing in riskier assets. Bitcoin’s decline has sparked a market-wide correction, and other cryptocurrencies are trailing. The downtrend may change in September after the Federal Reserve’s first interest rate cut. This development may boost investor confidence in riskier assets such as cryptoc...

The cryptocurrency market slightly recovered over the weekend, with Bitcoin (BTC) briefly reclaiming the $64,000 level. Ripple XRP hasn’t followed that path directly, rising over the weekend but slipping back down 3% on Monday. At press time, XRP is trading down at $0.5862. Following its temporary pump to $0.62, investors were hopeful the coin could breach 63 cents, but it failed to do so. Now, Ripple’s native currency is hoping just to return to the 60-cent threshold over the coming days. XRP was performing well last week, in part thanks to Bitcoin’s success. The top cryptocurrency by market cap traded well, jumping 7% last week to above $63,000. When BTC performs well, typically the rest of the crypto market follows suit. On Monday, BTC fell back down a bit, by 2%, which caused XRP to do the same. Also Read: Ripple: 20% Institutional Investors Hold XRP, Study Confirms The weekend market rally is likely due to Federal Reserve chair Jerome Powell’s announcement of inte...

Bitcoin and cryptocurrency markets are shaky. Recent Fed announcements have caused worry. Bitcoin (BTC) might be heading for a downturn, and experts are watching closely. Also Read: How to Buy USDT with Google Pay? How Fed Announcements Impact Bitcoin and Cryptocurrency Markets Source: Investopedia Recent Market Trends Sellers have become active "Short-term holders transferred 33,155 bitcoins as shown by the 1w-1m spent output age bands. This could present immediate selling pressure." – By @XBTManager Read more https://t.co/xi29sRvtpS pic.twitter.com/pH5Ur1cl9E — CryptoQuant.com (@cryptoquant_com) August 26, 2024 Bitcoin is leading a possible downward trend in cryptocurrencies. The market was hopeful after recent Fed announcements about policy changes, but this hope is fading. BTC’s price has fallen below an important marker, suggesting less positive momentum. Short-Term Selling Pressure Data shows more short-term owners are selling. CryptoQuant says: “Short-term holde...

Render (RENDER), a decentralized graphics processing unit (GPU) platform that utilizes blockchain technology and is traded in the cryptocurrency markets through its token of the same name has seen remarkable growth in the last 7 days of trading.  Indeed, the token, considered by many in the cryptocurrency community to be the ‘Nvidia of crypto,’ has benefited from a rise in investor interest as the ongoing artificial intelligence (AI) boom has invigorated demand for software and hardware powering the technology. The last seven days have been particularly good for RENDER. After a lackluster month in the market that saw the token decline approximately 7%, it rose an impressive 43.68% to ensure that the Render price today stands at $6.27. Picks for you Andrew Tate says he'll buy $1M of this crypto at 10 million followers ...