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Bitcoin Sell Calls Going Through The Roof: But Is It Really Time To Sell?

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The story has not been any much different for Bitcoin, with its price still stuck in a consolidation range in the past week. The sluggishness of the premier cryptocurrency – and the general market – has continued despite the completion of the halving event over a week ago. The halving event, which saw mining rewards take a significant cut, was expected to usher in another round of bullishness for the Bitcoin price. On the contrary, investors appear to be getting frustrated with the slow activity of the market, with many calling for the dump of BTC. Bitcoin Sell Calls At Increased Rate: Blockchain Firm According to a recent report by on-chain analytics firm Santiment, investors are increasingly calling for the sale of Bitcoin across social media following its latest drop toward $63,000. The relevant metric here is the “social volume” indicator, which tracks the number of unique posts and messages on different social platforms that mention a specific topic
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Top 5 New Crypto Presales of 2024 with 100x Gains Potential – DOGEVERSE, 99BTC, DICE, SLOTH, and TUK

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2024 sees cryptocurrency surging again as a fresh wave of crypto presales and initial coin offerings (ICOs) capture investor attention in Q2. These presales enable crypto enthusiasts to purchase tokens before they hit major exchanges, typically at lower prices, as they search for the next big crypto coin. Each project, whether it’s meme-inspired tokens or environmentally friendly crypto, offers its own special Features and ambitious plans, attracting early investors with the promise of big profits. Therefore, this article delves into five new cryptocurrencies in their presale stages that could bring substantial returns on investment. Dogeverse (DOGEVERSE) Dogeverse strategically launches just before April 20, known as Doge Day, capitalizing on the excitement around this event. Over $5 million floods into the presale within the first week. Dogeverse (DOGEVERSE) is one of the hottest new cryptos, offering the first multi-chain Doge token. It’s inspired by Cosmo, a Doge character
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Ethereum Price Faces Crucial Test: Will $3,200 Withstand The Pressure?

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Ethereum price is attempting a recovery wave above the $3,125 zone. ETH must clear the $3,200 resistance to continue higher in the near term. Ethereum extended losses and tested the $3,075 support zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,125 support. Ethereum Price Faces Resistance Ethereum price struggled to recover and extended losses below the $3,100 level. ETH traded as low as $3,074 and is currently attempting another recovery wave, like Bitcoin. There was a minor increase above the $3,125 resistance. The price climbed above the 23.6% Fib retracement level of the recent drop from the $3,292 swing high to the $3,074 low. However, the bears are active near the $3,200 resistance zone.
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Tracking Crypto and Fiat Transactions: Russia’s New Initiative

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In a collaborative effort, the Bank of Russia and Rosfinmonitoring are developing a platform to uncover links between cryptocurrency transactions and traditional fiat operations. This initiative is part of broader efforts to assess the scope of the domestic cryptocurrency market. The financial watchdog of the country, Rosfinmonitoring, in conjunction with the central bank, is piloting this new system. Russia Advances in Crypto-Fiat Transaction Tracing Ilya Bushmelev, director of project portfolio management at Innotech, shared insights at a forum hosted by Rosfinmonitoring. He disclosed that the system is in the pilot phase, being tested by five undisclosed financial institutions. The pilot is set to continue until the end of May, though it could be extended depending on the findings. Bushmelev emphasized that the pilot aims to develop a fundamental understanding among financial institutions of the necessary tools and procedures for crypto compliance. This includes the implementatio
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Magic Eden Sets To Launch Its Base NFT Marketplace Today – Here’s More Details

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Magic Eden, one of the leading cross-chain non-fungible token platforms, building a user-friendly platform for minting and collecting digital collectibles, continues spreading its market roots across the NFT ecosystem. In its recent advancement, the NFT Marketplace, Magic Eden, is slated to add support for Base-powered NFT collections. Magic Eden’s Base NFT Marketplace To Launch Today In an April 24 blog post, Magic Eden confirmed the ready plan to launch a new NFT market platform that will cater for traders and collectors holding Base L2 Network-powered NFT collections. The highly anticipated NFT marketplace is scheduled to launch today, April 25. In this article, we shall explore what the new marketplace entails. Tomorrow is our Base Marketplace launch but did you know there is already a vibrant and growing NFT community? Here are a few solidified projects from the Base ecosystem to check out 👇 (1/7) pic.twitter.com/t97nYHENpb — Magic Eden 🪄 (@MagicEden) April 24, 2024 Laun
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DeFi gathering momentum, Ethereum Gas Fees Rising: Why Is Uniswap (UNI) Stuck?

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Decentralized finance (DeFi) activity on Ethereum is picking up momentum based mainly on how gas fees have been trending in the first three weeks of November, data from Kaiko  shows . Even so, despite Uniswap (UNI) spearheading the revival, looking at the gas attributed to its activities over this period, UNI prices remain stagnant below $5.6, with bulls failing to edge higher, breaking to new 2023 highs. Ethereum gas fees rising | Source: Kaiko Ethereum Gas Fees Rising, DeFi Revival? According to Kaiko, a blockchain analytics platform, the average gas fees on Ethereum hit multi-month highs last week. The platform expressly notes that the primary driver has been Uniswap’s activities, reading from the rising transaction volumes from meme coins, including GROK. This, in turn, pushed block space demand higher, increasing gas fees. Related Reading: Global Banks Are Betting Big On XRP, Report Shows Gas fees remain volatile but generally higher in the first
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Solana-Based BONK Rallies 81%, Can It Hit $0.001 Next?

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Memecoins seem to be back in form as the cryptocurrency market recovers from its recent plummet. Solana-based memecoin BONK is currently the best-performing crypto asset among the top 100 projects. The dog-themed cryptocurrency has rallied by over 30% in the last 24 hours, more than 81% in the weekly charts, 14.4% over the previous month, and 3841.8% since April 2023. Source: CoinGecko Also Read: Solana (SOL) Signals Surge to $170; How High can it go in 2024? Other memecoins, such as PEPE, Floki, and dogwifhat, are also among the best-performing cryptocurrencies in the market currently. BONK ’s latest rally could be due to a proposal to burn 280 billion tokens from the circulating supply. Reducing supply is considered bullish as it may lead to an increase in demand. Investors may be anticipating a rally when the burns occur. Will the Solana-based memecoin hit $0.001? Source: Decrypt According to CoinCodex, BONK will continue its rally in May. The platform anticipates BO
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