Category: AI

Santiment,oneofthemostwell-knownanalysiscompaniesinthecryptocurrencyworld,publishedalistofartificialintelligencecryptocurrencyprojectsthatdevelopersfocusonthemostinitslatestpost. Thelist,whichconsistsofdatafromthelastmonth,alsoincludesradicalchangescomparedtothepreviouslist.SantimentcreatedthislistbasedondeveloperactivityontheGithubpagesofthecryptocurrenciesinquestion,manyofwhichareopensourceprojects. HerearetheAIaltcoinprojectsthatcryptocurrencydevelopersfocusonthemost,alongwithanalysts’publisheddeveloperscores: NearProtocol(NEAR)-113.3 OasisNetwork(ROSE)–100.7 TheGraph(GRT)–80.37 Bittensor(TAO)–64.3 OraichainToken(ORAI)–59.5 Worldcoin(WLD)–58.17 Golem(GLM)–43.43 OceanProtocol(OCEAN)–43.07 iExercRLC(RLC)–36.57 Streamr(DATA)–35.17 WeseethatROSE,whichwasfirstinthepreviousranking,hasfallentosecondplaceinthismonth\'sranking.Ontheotherhand,NEAR,whichwasfrequentlyatthetopinpreviousmonths,hasregaineditsformerposition.NEARisalsothelargestcryptocurrencyintermsofmarketvalueonthislist.ItisnoteworthythatDATAtoken,whichisranked627thintermsofmarketvalue,isoneofthealtcoinsthatdevelopersfocusonthemost. *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

TheBlackKeys,anoutspokenlyliberalindierockduo,aresettoplayaconcertthisweekintheirnativeOhioforapro-cryptopoliticaloutreachinitiative—atthesametimethataffiliatedcryptoPACsarepouringtensofmillionsofdollarsintothestate’snailbiterSenateracetoliftupthecampaignofacontroversialpro-MAGARepublican. OnFridayevening,TheBlackKeysaresettoplayafreeshowintheirhometownofAkronfeaturingcomplimentaryfoodanddrinksforattendees,putonbyStandWithCrypto—apro-cryptopoliticalorganizationlaunchedbyCoinbase. Theeventispartofaseriesofflashy,free“AmericaLovesCrypto”concertsthatStandWithCryptohasheldinswingstatesinthelead-uptotheU.S.presidentialelection.RecenteventsinPhiladelphia,Milwaukee,andDetroithaveenticedattendeeswithfreerefreshmentsandmajoractsincludingTheChainsmokersandBigSean. Akron!Seeyouon10/25forthe#AmericaLovesCryptoTour.18+,limitedcapacity.RSVPhere:https://t.co/yXupCPm3Jkpic.twitter.com/nfPoRF2yoS —TheBlackKeys(@theblackkeys)October18,2024 Theevents,whichareostensiblydesignedtoshowcasethegrassrootspoliticalstrengthofAmericancryptoownersasavotingbloc,constitutejustonearmofCoinbase’saggressivepushtoinfluencethe2024election. Thecryptoexchangehas,alongwithahandfulofothercrypto-focusedcorporations,floodedhundredsofmillionsofdollarsintosuperPACsinrecentmonths—whichhaveinturnspentrecordamountsinbattlegroundHouseandSenateracesthatwilllikelydeterminecontrolofCongress. ThelargestofthosePACs,Fairshake,hashandilybecomethebiggestspecialinterestspenderinthe2024election,outraisingthewell-heeledpro-IsraellobbyinggroupAIPAC,forexample,bymorethanafactoroftwo. Whilethesegroupshavebegununloadingcashondozensofracesacrossthecountry,noelectionhasattractedmoremoneyfromthePACsthanOhio’shotlycontestedsenaterace.Inthatrace—inwhichtheincumbentDemocrat,SherrodBrown,isattemptingtofendoffachallengefromoutspokenpro-MAGAbusinessmanBernieMoreno—Coinbase-affiliatedPACshavespentsome$40millionattemptingtofliptheseatforRepublicans. ItmakessensewhythecryptolobbyissodeterminedtounseatBrown—hehaslongbeenskepticalofdigitalassets,andisacloseallyofindustryvillainSen.ElizabethWarren(D-MA). ButBrown’sconservativechallengerisnotwithoutcontroversyhimself.Whileanoutspokencryptoadvocate,theDonaldTrump-endorsedMorenohasattractedscrutinyinrecentweeksfordoublingdownontheunsubstantiated,raciallychargedconspiracytheorythatHaitianimmigrantsinOhiohavebeeneatingneighbors’petsandstealinggovernmentservices.Lastmonth,thebusinessmanalsolandedinhotwaterforassertingthatabortion“isn’tanissue”forwomen“past50.” AneventcloselylinkedtoMoreno’stopfundraisersthusmakesacuriousfitforTheBlackKeys,whohavepreviouslyexpressedcommitmenttoliberalcauses.DuringanappearanceonJoeRogan’spodcastduringtheTrumppresidency,theband’sdrummer,PatrickCarney,describedbothheandhisfrontmanDanAuerbachas“prettyliberalmotherfuckers.” It’sunclearwhat,then,promptedthegrouptoplayFriday’scrypto-themedeventinOhio.TheBlackKeyshaveapparentlypokedfunatcryptocurrencyandNFTsacrosspromotionaleffortsfortheirlastcouplealbums,butotherwisedon’tappeartohavemadeanygenuinepublicstatementsaboutdigitalassets. Ithasbeenatoughyearfortherockduo,though.Earlierthissummer,theKeyscanceledanationaltour,reportedlyduetolowticketsales,andfiredtheirmanagers.Inasince-deletedTwitterpost,Carneysaidtheband“gotfucked,”butdidnotelaborate. DecryptreachedouttoStandWithCryptoregardinghowmuchTheBlackKeyswerepaidtoperformatFriday’s“AmericaLovesCrypto”event,butdidnotimmediatelyreceivearesponse. Thecryptolobby’sprodigiousspendingonOhio’ssenaterace,meanwhile,appearstobepayingoff.WhileBrownledtheracethissummerbyamarginofmorethansixpoints,Morenohasnowalmostentirelyerasedthatgap,leavingtheraceinadeadheat,accordingtopollingaggregatorFiveThirtyEight. And,inrecentweeks,Fairshakehasthrownanother$15millionintothefunddedicatedtoassistingMoreno,accordingtonewcampaignfinancefilingsreleasedSunday. EditedbyAndrewHayward decrypt.co

LaunchedbackinApril2023,PepetookonlyashorttimetobecomeoneofthemostpopularmemecoinsintheworldofcryptoandoneofthetoponesalongsidethelikesofDoge,Shib,andothers.Atthetimeofwriting,Pepesitsatthe30thrankamongthousandsofcryptocurrenciesintermsofmarketcapitalization. However,additionalinfoisneededforanyinvestortomakeaninformedbuyingorsellingdecision.Memecoinshavedifferentsupplydynamicsthatincludetokenburns,whichcanimpactpricetrendsandalsothefutureofthememecoin. Inthisarticle,wewilldiscusshowmanyPepecoinsarethere,thetotalPepetokencirculatingsupply,andwhatthefutureholdsforthistop-tiermemecoin. TableofContents Pepecoinexplained TotalsupplyofPepecoins WhyPepe’ssupplymatterstoinvestors ComparingPepe’ssupplytoothercryptocurrencies FAQs Pepecoinexplained ‘PepetheFrog’memecametolifewiththebirthofPepeasthismemecoin’snameisnowtakeninthesamebreathasthetop-tiermemesincludingDOGE,WIF,andSHIB. Whilemostcryptocurrencyprojectshaveatangibleusecasethataffectstheirpriceinthecryptoworld,Pepe,likeothermemecoinshasnotonlysurvivedbutalsobecomebigduetoalargesocialmediainfluence,virality,andmostimportantly,aloyalfanbaseoftokenholders. Youmightalsolike:Whatarememecoins? Sinceitslaunch,Pepehasseenanall-timehighof0.00001730whichisalmosta2600%pump.Atthetimeofwriting,Pepeistradingat0.00001023whichisonly68%belowitsall-timehigh. Pepeall-timepricechart|Source:TradingView TotalsupplyofPepecoins Atthestart,thePepecirculatingsupplywas420.69trilliontokens,andnoadditionaltokenswereaddedtothissupplyafterthetoken’slaunch.ThisisgreatbecauseafixedsupplymeansthatpricecannotbemajorlyimpactedbythefoundingteambyaddingmoretokenstothetotalsupplyofthePepe. SotheanswertohowmanyPepecoinsareincirculationisthesameasitsfixedsupply,i.e.420.69trillioncoins.However,tofurthercreatedemand,supplyhastobereducedandforthispurpose,thePepefoundingteamoftenburnsitstokensupplyperiodically.LastmonthonOctober24,2023,6.9trilliontokenswereburnedwhichledtoa20%riseinthePepetoken’svalue. WhyPepe’ssupplymatterstoinvestors Inthecurrentworldwelivein,akeymetriconwhichweattracttoeverythingisbasedonsupplyanddemand.Thelowerthesupply,thehigherthedemandforit.SincethePepeteamisnotissuinganynewtokensandalsoburningPepetokensperiodicallyasexplainedabove,itmakesthiswholeprocessadeflationarymechanismwhichisattractiveforinvestors. Afixedsupplyoftokenscreatesscarcitywhichpromotesdemand,thatalsohasapositiveimpactonprice,consideringallotherimportantfactorslikemarketsentiments,trend,andconstantdevelopment,remaininfavorofthePepetoken. ComparingPepe’ssupplytoothercryptocurrencies Memecoinsrequireastrongcommunitybehindthemtonotonlyhelpthemgrowbutalsosustainforalongtimeinthisvolatilecryptocurrencymarket.Whilemanymemecoinsdoenjoyagoodfanbaseinthecryptoworld,notmanyhavetheidealsetoftokensupplyconditionsforthemtothrivelongterm. Everymemecoinhasdifferentsupplydynamicsanditisimportanttounderstandwhichonehasbettersupplymechanismsasitplaysanimportantpartwhendecidingtoinvestinanymemecoinproject. HerewewillcomparePepe’stokensupplytotwoofthemostpopularmemecoins,DogeandShibaInu. PEPEvs.DOGESupply Dogecoinhasatotalsupplyof146.38billiontokens,however,unlikePepe,itisnotfixed,whichmeansmoreDogecoinscanbemintedandaddedtothetotalsupplyofDogecoin.Thisisaninflationarymodel,whilePepehasadeflationarymodel,whichmayindicatethatPepecoin’sdemandcanincreaseovertimeascomparedtoDogecoin,providedallothermarketconditionsremainthesame. PEPEvs.SHIBSupply ShibaInuisanotherpopulardogmemecoin,butithasthelargestsupplywhencomparedtoDogeandPepe,currentlystandingat999.98trilliontokensofwhich589.26trilliontokensareincirculation.TheShibaInuteamhasaburnmechanisminplacewhichisasimilarstrategytothePepecoinofburningtokensperiodicallytolowersupplyandincreasedemandamonginvestors. WhileShib’stotalsupplyisfixed,itismorethandoubleofPepe’sfixedsupplyof420.69trillionwhichmayprovetobeadisadvantageinthelongrun,consideringothermarketconditionsalsoremainthesame.…

Bitcoinandthecryptocurrencymarketasawholeisridingthebullishwaveamidrenewedinvestoroptimism. Justnow,Bitcoinmanagedtobreakthe$69,000pricemarkafteranincredible10.15%surgeinthepast7days.andhasa24hourtradingvolumeofaround$18.5billion.Thenumberonecryptocurrency’smarketcapreached$1.365trillion. The1-daytechnicalanalysisfromTradingViewalsoshowsinvestors’bullishsentiment.Thesummaryshows“buy”with14signals,themovingaveragespointto“strongbuy”alsowith14,whileoscillatorsremain“neutral”at8. Duringthepast24hours$15.08inBitcoinpositionswereliquidated($1.41millionbeinglongsand$13.67millioninshorts). Thetotalcryptocurrencymarketcapsurgedby1.62%inthepast24hoursandreached$2.38trillion. Bitcoinisalittleshyfromit’sall-timehigh(ATH)andifthecurrentbullishmomentumcontinuestogainsteam,wecouldwitnessanewrecordpricesoonerthanwethink. cryptodnes.bg

Irish-AmericanfintechfirmStripehasmarkedcrypto’slargestacquisitionasitacquiresstablecoinplatformBridgefor$1.1billion. Thedealhadreportedlybeencarriedoutin“advancedstages”fromatleastOctober17.TechCrunchfounderMichaelArrington,claimedinarecentXpost,“Thisdealisdone.$1.1b.” Thisdealisdone.$1.1bhttps://t.co/J7ppK4uHw0 —MichaelArrington🏴‍☠️(@arrington)October20,2024 FoundedbyformerCoinbaseexecutives-SeanYuandZachAbrams,Bridgeprovidessoftwaretoolsthathelpcompaniesacceptpaymentsinstablecoins. AbramswastheHeadofConsumeratCoinbaseandwasthefounderofEvenly,aP2PpaymentsfirmthatwaseventuallyacquiredbySquare.YuwasengagedinengineeringrolesatCoinbase,Square,DoordashandAirbnb. The$1.1billionvaluationisahugejumpfromBridge’spreviousvaluationat$200Millionthatcamethroughafteritpreviouslyraised$58millionfrominvestors,includinga$40millionSeriesAround. Stripe,ontheotherhand,isapaymentprocessingplatformthatallowsbusinessestoacceptcreditanddebitcardsorotherpaymentsonlineandhasrecentlyintroducedstablecoinpaymentsto70countriesonitsmainpaymentsuserinterfacebyintegratingCircleUSD(USDC)stablecoin.Itwaslastvaluedat$70billion.InMarch,Stripereportedithadpassedthe$1trillionmarkfortotalpaymentvolumein2023,withtheoutputofbusinessesusingStripeamountingtonearly1%ofglobalgrossdomesticproduct. cryptonewsz.com

FedratecutsandwhaleaccumulationaredrivingfactorsinBitcoin’spotentialall-timehigh. BitcoinETFsandinstitutionaladoptioncouldbethefinalcatalystforbreakingpreviouspricerecords. FollowingarecentanalystpredictionofamassivesurgebyCNF,Bitcoinwasexpectedtoreach$260,000.Bitcoin’supwardtrajectoryin2024hascaughttheattentionofcryptoanalysts,withMichaelVanDePoppeoutliningfivekeyfactorsthatcouldpushthepricetowarditsall-timehigh.Hisanalysiscombinesbothtechnicalindicatorsandbroadermarkettrends,suggestingthatBitcoinisonthevergeofasignificantrally. AsdiscussedinaYouTubevideoaboutwhetherwe’llfinallyseethenextbullcycleorifthemarketwillremainstagnant,VanDePoppepointstogrowingexpectationsofFederalReserveinterestratecutsasacriticalfactorbehindBitcoin’srecentmomentum. AsinvestorsshifttowardriskierassetslikeBitcoin,thepotentialforlowerratesboostsliquidityinthemarket.CoupledwithstrongWallStreetearningsandpositiveeconomictrends,thisoutlookhasencouragedmoreinvestmentinBitcoin.HearguesthatthiseconomicenvironmentcouldsustainBitcoin’supwardtrajectory. WhaleAccumulationSignalsConfidence Largeholders,knownas‘whales,’havebeenaccumulatingBitcoinatanacceleratedratesincemid-2024.VanDePoppedrawsparallelstopreviousbullmarkets,notingthatsimilarwhalebehaviorprecededmajorpriceralliesin2020-2021.Thisaccumulationduringperiodsofpriceconsolidationisastrongindicatorofconfidence,suggestingthatsignificantpricemovementscouldfollow. Furthermore,VanDePoppe’stechnicalanalysisrevealsthatBitcoin’scurrentpriceactionmirrorspreviousbullcyclesfrom2012,2017,and2020.IfBitcoincanmaintainkeyresistancelevels,itcouldsurpass$100,000by2025.Additionally,thedeclineinstablecoindominancesignalsincreasedriskappetiteamonginvestors,withcapitalflowingfromstablecoinsintoBitcoin. InstitutionalAdoptionandETFsandcurrentPriceofBTC TherecentapprovalofBitcoinETFsontheNewYorkStockExchangehasalsobeenamajordriverofinstitutionalinterest.VanDePoppebelievestheincreasedliquidityfromETFinflowscouldbethefinalcatalystBitcoinneedstobreakthroughitsprevioushighs,furtherboostingitslong-termgrowthpotential.Infact,Bitcoin(BTC)hasincreasedby1.39%inthepastdayand10.59%inthepastweektoreach$69,225. crypto-news-flash.com

Thedecentralizedfinance(DeFi)landscapeisexperiencingsubstantialgrowthintotalvaluelocked(TVL),withmanyprojectsshowcasingimpressiveweeklyincreases.Amongtheleadersinthissurge,PhoenixGroup(PNXGRP)topsthelist,indicatingarobustexpansionintheDeFisector. TOPPROJECTSBYWEEKLY#TVLGROWTH$AAVE$CGPT$CFG$AVAF$MPL$DEAI$TAIKO$LISTA#API3$NOTE$STEP$OGN$VCX$WIGO$PENDLEpic.twitter.com/5wLSzAgYRb —PHOENIX–CryptoNews&Analytics(@pnxgrp)October20,2024 Accordingtolatestdata,PhoenixGroup’sTVLhasincreasedbyastaggering144.55%overthepastmonth,demonstratingasignificantinfluxofinvestmentsandusertrust.Withamarketcapitalizationof$2.3billion,theprojectrapidlyascendstheDeFiecosystemranks. CloseontheheelsofPhoenixGroupareotherDeFiprojectslikeCryptoGPT(CGPT)andConfigura(CFG),whichposted49.62%and17.6%growth,respectively.Aave(AAVE)andAvalancheFinance(AVAF)alsopostednoteworthyexpansions,with55.8%and30.3%increasesintheirTVLs,respectively.Thesefiguresreflectabroadertrendwhereinvestorsareincreasinglyturningtoalternativefinancesolutionsamidafluctuatingtraditionalfinanciallandscape. DiverseProjects,DiverseGrowthPatterns Notallprojectsareexperiencinguniformgrowth,buttheirdiversity—fromlendingprotocolslikeAavetomorenicheplatformslikePendle—illustratesthewidearrayofopportunitieswithintheDeFispace.Forinstance,Pendle,aprotocolfocusingontokenizingfutureyield,showsa14.2%increaseinTVL,suggestingagrowinginterestinmoresophisticatedfinancialinstrumentswithinDeFi. ThecorrelationbetweenmarketcapitalizationandTVLgrowthvarieswidelyamongthelistedprojects.Whilesomeprojectswithlowermarketcaps,likeLista($68.3M),showsignificantTVLgrowth(30.6%),larger-capprojectsarenotalwaysthefastestgrowers.Thisvarianceunderscoresthenon-linearrelationshipbetweenaproject’smarketsizeanditsabilitytoattractlocked-incapital. AstheDeFisectorcontinuestoevolve,themovementofTVLintovariousprojectsisacriticalmetricforassessingthehealthandpotentialoftheecosystem.ThesignificantgrowthratesofprojectssuchasPhoenixGroupandAavesuggestthatdespitethemarket’svolatility,thereremainsastrongappetiteforDeFiplatforms.Moreover,upcomingU.S.electionsandpotentialregulatorychangescouldfurtherinfluencethislandscape,makingtheroleofinformedspeculationandstrategicinvestmentmorecrucialthanever. blockchainreporter.net

ApeCoinsurged118%in24hoursfollowingApeChain’slaunchontheArbitrumOrbit. ApeChaindebutboostsApeCoin’stradingvolumetoover$5Minthreehours. ApeCoin’snetworkgrowthhasexplodedfrom83to3,235userssincethelaunchofApeChain. ApeCoin,thegovernancetokenoftheAPEecosystem,hasexperiencedaremarkable118%increaseinpriceoverthelast24hours.CoinGeckodataconfirmsthissurge,attributingthespiketotherecentlaunchofApeChain,aLayer-3blockchainontheArbitrumOrbit.Thisintroductionhasboostedthetoken’smarketpositionandcatalyzedthecreationofnumerousmemecoinswithinitsnetwork. CoingeckodatashowsthatthepriceofApeCoinhassoared118%inthepast24hours.ApeChainwaslaunchedtodayandalargenumberofmemecoinshavebeencreatedonApeChain.ApeChainisanArbitrumOrbitL3blockchain.ThroughtheAutomaticYieldMode,usersholdingApeCoinon… —WuBlockchain(@WuBlockchain)October20,2024 MarketDynamicsandTradingVolumes Followingitsdebut,ApeChainimmediatelyimpactedthedigitalcurrencymarket,witnessingover$5millionintradingvolumeinjustthreehoursofoperation,accordingtoreportsfromCamelotDEX.ThissurgeindicatesthehightradeinterestthatcontinueselevatingApeCoin’scryptocurrencymarketprofile.Moreover,ApeCoin’stotalon-chainvolumesawanearly3000%increase,nearing$1billion,furtherunderscoringthesignificantmarketmovementsfollowingtheblockchain’slaunch. TheAutomaticYieldModeonApeChainenhancesthismomentumbyallowingApeCoinholderstoearnprofitswithouttheneedtostakeactively.ThisfeaturesimplifiestheprocessforusersandattractsfurtherinvestmentsintotheAPEtoken,potentiallyincreasingitspriceduetoheightenedtradingactivity. FutureProspectsandNetworkGrowth ThefutureofApeCoinlookspromising,giventhenetwork’srapidexpansion.Onthedaybeforethelaunch,ApeCoin’snetworkgrowthstoodat83buthassinceescalatedto3,235,illustratingamassiveinfluxofnewusersanddeveloperseagertoexploreApeChain’scapabilities.Thisgrowingadoptionreflectsastronginterestfromthecommunity,poisedtoleveragethenewblockchain’sofferings. Furthermore,thetechnicalanalysissuggestsabullishoutlook.ApeCoinbrokeoutfromadescendingtrendlinethatdominateditspricemovementsinceJune,signalingthepotentialforfurtherincreases.Ifthebullishmomentumcontinues,ApeCoin’spricecouldreachnewheights,possiblysurpassingthe$1.47markandapproaching$2. However,thesepredictionsshouldbeapproachedwithsomecaution,aspricescanalwaysrearrangeasmorelong-termholdersunlocktheirgains.Furthermore,thegeneralmarketcap,especiallyBitcoinfluctuations,cansignificantlycontributetocontinuingthetrendinginterestinApeCoinanditsnewlydevelopedproject,ApeChain. cryptonewsland.com

Awidelyfollowedcryptostrategistbelievesoneunder-the-radarEthereum(ETH)challengerwillhithismassivepricetargetthiscycle. PseudonymoustraderRagertellshis199,100followersonthesocialmediaplatformXthathe’sbullishonlayer-1protocolFantom(FTM). RagersharesachartsuggestingthatFTMwillhithispricetargetof$3.31byaroundApril. “Latetothemarket? Peoplewhosaythataren’tlookingattheFTMchart. Andyes,inmyopinion,thisisapracticaltargetforthenextsixmonths.” Source:Rager/X Attimeofwriting,FTMistradingfor$0.71,indicatinganover366%potentialpriceriseifthealtcoinreachesRager’starget. RagernotesthatFTMcanprobablyevenreachhigherlevelsiftheprojectwitnessesasmoothtransitiontoSonic. “Practicaltarget–nottoporbottomifSONICmigrationcangowell.” Sonicisdesignedtobeahigh-throughputlayer-1chainwithanativelayer-2chainlinkedtoEthereum. Explainstheproject, “TheSonicchainwillbealayer-1platformthatconnectstoEthereumviaabespokelayer-2bridge,allowingSonictotapintovastamountsofliquidity,users,andprotocols.Thisallowsthenetworktocombinethelowcost,scalability,andspeedofalayer-1withthesecurityofalayer-2bridgeforaccesstonativeETHandotherassetsonEthereum.Asaresult,theSonicchainisn’tjustanL1orL2–it’sthefirstchainofitskindtoprovidethebestofboth.” Lookingatmemecoins,Ragerbelievesthatmemetokensnowserveasagatewayforretailinvestorstoenterthecryptomarket. “Mythesisformemesiswhatattractsretail. Manymemeshavelimitedupsidebecausethereneedstobealargeraudienceoutsideofcryptotobeattractedtoit. Retailaregoingtowantwell-knownmemes. MemecoinslikePEPE,POPCATandBONGOwillthriveoverthenextyearbecauseofthis. It’sonlybeginning.” AsforBitcoin,RagerpredictsthatBTCwillwitnessonemoreshallowcorrectionto$66,000beforesurgingtonewall-timehighs. “BTCcangohigherandwouldcertainlybelookingtobuyonapullbackbeforehigher.” Source:Rager/X Attimeofwriting,Bitcoinistradingfor$68,196. GeneratedImage:Midjourney dailyhodl.com

Witha20%riseinprofitability,ShibaInuisemergingasapossiblerecovery,whichmayportendabullishrunfortheasset.Thedataindicatesthat55%ofSHIBholdersarenowprofitable,whichisanincreasefromearlierlevels.ThisincreaseinprofitabilitymaydrawinmoreinvestorswhobelieveSHIBhasfreshgrowthpotential. Thefactthat73%ofSHIBisheldbylargeholdersfurthersuggeststhatwhalesarestillholdingasizableamountoftheasset.ThebullishcaseforShibaInu\'scouldbestrengthenediftheupwardtrendpersistseventhoughwhaleactivityhasbeenalittlebearishlately.The20%increaseinprofitabilityissignificantbecauseitsignalsachangeinmarketsentimentthattendstobemorepositiveforSHIB. Thepotentialforalong-termrecoveryishighas79%ofholdershaveownedSHIBformorethanayear.Stabilityisofferedbythisdevotedholderbase,andiftheupwardtrendcontinues,itmightinspiretheseholderstobuymore,raisingthepriceofSHIB.Fromatechnicalperspective,SHIBistradingabovethe50-,100-and200-dayEMAs,indicatingastrengtheningtrend. Amoresubstantialpricerallymightbetriggeredbyabreakoutofthesymmetricaltrianglepatternthatisdevelopingonthechart.Additionally,agoldencross,along-termbullishsignal,mayformandconfirmanextendedupwardtrend.However,asindicatedbythebearishon-chainsignals,theoverallsentimentremainsmostlybearishduetoadeclineinlargetransactionsandminimalnetworkgrowth. Ethereum\'spath Asitformsatroublingchartpattern,Ethereumisatapivotalpointinitshistory.HeadandShoulderspatternsareusuallybearishformationsthatmaysignalanimpendingreversalinanupwardtrend,andthatiswhatlookstobedevelopingonthedailychart. AsEthereumfailstoovercomesignificantresistancelevels,thispatternbecomesevenmoreconcerningandraisesquestionsabouttheasset\'sshort-termviability.LetusexaminebothbullishandbearishscenarioswhenexaminingpossiblepricetargetsforEthereum.IfEthereumisabletobreakabovethe100EMA,whichiscurrentlyat$2,650,thispricetargetwouldbethefirstmeaningfulmilestone. AbreakoutofthiskindmightindicatethatETHisgainingmomentumagain,pavingthewayforatestofthenextpsychologicallevelat$2,900.GiventhatitcorrespondswiththesubsequentresistancelevelfromearlyAugust,thispricerangeissignificant.IfEthereumgainssufficienttractionandbreaksabove$2,900,$3,100isthenextpossibletarget. Thislevelissignificantbecauseitfallsonthelong-term200EMA,whichisdisplayedonthechartastheblackline. Onthedownside,Ethereum\'spricemaydropbacktoabout$2,400ifitisunabletomaintainaboveitspresentsupportlevels.ThistargetisbearishbecauseitisthelowerboundoftherisingchannelthatEthereumhasbeentradinginoverthelastseveralmonths,whichmakesitsignificant.Ifthepricedropsbelowthismark,itmightbeanindicationofmoreweaknessandpossiblyadeepercorrection. Solanaisintrouble Reachingthe$160pricelevel,asignificantresistancezonethatmaydictatetheasset\'snextbigmove,Solanaisabouttofaceacriticaltest.Technicalindicatorspointtoapossiblereversalifbuyersdon\'tstepuptheireffortsasSOLhashistoricallyhadtroublekeepingmomentumgoingpastthispoint. Theprofilegivesamixedpicturewhenexaminingtheexponentialmovingaverages.Acautiousoutlookinthemarketisindicatedbythe50EMA\'splacementbelowthe100EMA.NotonlyisSolananotfullyinabearishphase,butitisalsonotclearlyinanuptrendasevidencedbythefactthatthe50EMAisstillabovethe200EMA.Withthemarketwaitingforastrongerpushineitherdirection,thissetupsuggestsindecision.Keepinganeyeonthe$160resistanceleveliscrucial. ApotentialpricereversalmayoccursoonifSOLisunabletobreakandmaintainabovethislevel.Anotherworryingindicationofdecliningbuyinginterestisthevolumethathasbeendecliningoverthelastfewdays.Intheeventofarejectionatthispoint,SOLmightretreatbacktosupportlevelsat$147orevenlower,dependingonthestateoftheoverallmarket. Conversely,astrongbreakabove$160mightpavethewayforadditionalgains,particularlyifbuyingvolumerises.SOLmayreteststrongerresistancezonesinthisscenario,aimingforthe$180-$200region. u.today