Author: Yeek.io

Este artículo también está disponible en español. Large holders of Ethereum, also called Ethereum whales, have been on an accumulation trend for a while now, with on-chain data revealing a fascinating increase in their collective holdings. Particularly, data from blockchain analytics firm IntoTheBlock shows that Ethereum whales now hold about 43% of the total circulating supply of ETH. The imbalance in ETH holdings raises important questions about its implications for Ethereum’s price and market dynamics moving forward. Whale Accumulation Surges By Over 90% Since Early 2023 According to IntoTheBlock, the total concentration of ETH in whale addresses is currently at…

A day before officially becoming the 47th President of the United States, Donald Trump is making waves in the cryptocurrency landscape – not for his upcoming inauguration on January 20 – but for launching a controversial meme coin he named after himself. Launched on January 17, the crypto token dubbed as the TRUMP meme coin has sparked a considerable amount of discussion and is currently facing a backlash for what critics said was a questionable venture for the incoming President. Critics Condemn TRUMP Meme Coin Launch While everyone is anticipating Trump’s incoming takeover of the White House, the US President-elect…

WIF to target the local highs set earlier this month A short-term dip to $1.7 could offer a buying opportunity At press time, dogwifhat [WIF] remained in a downtrend on the daily chart. Despite the sustained losses for the memecoin, there seemed to be some potential for recovery though. In fact, technical analysis pointed to a bullish momentum divergence. Also, while the liquidation heatmaps outlined a price target above $2 for WIF, the buying pressure was lacking. Can the bulls drive a recovery, or will it result in a failure to surpass its local highs? WIF beginning to recover, or…

MicroStrategy’s Michael Saylor has hinted at another Bitcoin acquisition in a cryptic tweet that also seemingly references President-elect Donald Trump’s inauguration. “Things will be different tomorrow,” Saylor tweeted Sunday. The statement comes on the heels of MicroStrategy upping its Bitcoin (BTC) holdings to 450,000. Fred Thiel, CEO of Bitcoin mining company MARA Holdings, and his Vice President of Investor Relations Robert Samuels share a similar sentiment. The pair posed for a picture with Saylor at the so-called “Crypto Ball” on Jan. 17, an event meant to commemorate the return of Trump, now a crypto convert, to the White House. “Our…

Este artículo también está disponible en español. A popular cryptocurrency exchange platform foresees an outsized market rally for altcoins in the upcoming weeks after Donald Trump assumes the US presidency on January 20. A Coinbase analysis urged crypto traders to start positioning themselves in the altcoin space as a potential huge rally concerning altcoins is on the horizon. Related Reading Coinbase Reports Rise Of Altcoins Coinbase crypto exchange suggested that the upcoming massive market rally for altcoins could be on the way and might happen in the succeeding weeks after Trump returns to the White House. The crypto exchange released its…

Traditional retirement accounts, such as 401(k)s and IRAs, have long been crucial for securing financial stability during retirement. These accounts help individuals save and grow their wealth over time, often offering tax advantages to encourage long-term savings. However, while these accounts don’t directly offer exposure to crypto assets, there is a growing trend to incorporate digital currencies into retirement portfolios, especially as cryptocurrencies have gained popularity as an alternative investment. Bitcoin IRAs are a popular option for those looking to add digital assets like Bitcoin and Ethereum to their retirement savings. Self-directed 401(k) plans also allow workers to allocate part…

FIL broke out of a falling wedge, signaling potential for a bullish reversal Market sentiment remains cautious as technical indicators revealed mixed signals of strength Filecoin [FIL], at the time of writing, seemed to have broken out of its falling wedge pattern on the 8-hour chart, signaling a potential shift in momentum.  Despite this breakout, however, FIL had a press time price of $5.40, with the crypto down by 7.37%. This raises concerns about whether this bullish move can sustain itself. Can the market regain confidence and push FIL higher? Will FIL rally after breaking the falling wedge? FIL’s price…

The majority of the crypto community is pinning their hopes on Donald Trump’s incoming administration as a game-changer for the industry. Much of this optimism is due to the promises made during his campaign, which many believe could herald a new era of policy favorable to cryptocurrency adoption and innovation.  Although the administration has yet to officially begin, recent market trends have offered a preview of the excitement it could bring to the sector. This preview comes in the form of Donald Trump’s newly launched memecoin, OFFICIAL TRUMP, which has attracted a wave of enthusiasm that rivals that of the…

Este artículo también está disponible en español. Dogecoin seems to have finally moved past its extended consolidation phase with the return of greed sentiment into the crypto market. Intrestingly, technical analysis of the Dogecoin price chart shows that this greed sentiment is about to push the meme coin into a parabolic rally that would send it to new all-time highs. Related Reading This rally is from a projection of the “Power of 3” concept, with recent price action pushing Dogecoin into the distribution phase. Power Of 3 Patterns Point To Bullish Momentum For Dogecoin The Power of 3 pattern is…

AI16Z could decline further before rebounding and rallying to $2.6 Top traders on Binance and OKX traders are now accumulating the token, placing significant buy orders Over the past week, AI16Z has fallen by 19.05% on the charts. In the last 24 hours alone, it dropped by another 4.59%, with more downside potential based on its chart patterns. However, according to AMBCrypto’s assessment, top traders on Binance and OKX seem to be diverging from the broader bearish sentiment. This implies that there may be some optimism among experienced market participants, despite the altcoin’s prevailing bearish structure.  Is a drop imminent…