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Chainlink (LINK) Exhibits Potential for Continued Growth.
Chainlink's (LINK) 4-hour chart recently showed a golden cross formation, which could indicate a bullish trend that might drive its value higher. This development is consistent with the MVRV ratio, suggesting that LINK is in a favorable position for accumulation.
Will LINK Continue to Rise?
Additionally, a significant portion of active Chainlink addresses are held by investors who are either in profit or at the break- even point. This factor is crucial as it supports the ongoing consolidation. The market's positive response to these indicators could mean that LINK's price may continue to stabilize or rise. Last week, LINK experienced a notable increase of 17.97%, raising questions about the sustainability of this upward trend.
Currently, 35% of active LINK addresses are in a profitable position, with an additional 60% at the break-even point. This suggests that approximately 95% of LINK holders have not faced any losses on their holdings, providing a solid foundation for market confidence. The fact that the majority of LINK's active investor base has not experienced losses indicates a strong inclination to preserve their investments.
Chainlink (LINK) Exhibits Potential for Continued Growth.
Chainlink's (LINK) 4-hour chart recently showed a golden cross formation, which could indicate a bullish trend that might drive its value higher. This development is consistent with the MVRV ratio, suggesting that LINK is in a favorable position for accumulation.
Will LINK Continue to Rise?
Additionally, a significant portion of active Chainlink addresses are held by investors who are either in profit or at the break- even point. This factor is crucial as it supports the ongoing consolidation. The market's positive response to these indicators could mean that LINK's price may continue to stabilize or rise. Last week, LINK experienced a notable increase of 17.97%, raising questions about the sustainability of this upward trend.
Currently, 35% of active LINK addresses are in a profitable position, with an additional 60% at the break-even point. This suggests that approximately 95% of LINK holders have not faced any losses on their holdings, providing a solid foundation for market confidence. The fact that the majority of LINK's active investor base has not experienced losses indicates a strong inclination to preserve their investments.
dogwifhat (WIF)
No list of the best meme coins to buy would be complete without mentioning dogwifhat (WIF).
This Solana-based token has been the talk of the meme coin market in 2024, producing quadruple-digit percentage returns for early investors.
The WIF community even raised enough funds to display the coin’s mascot on the Las Vegas Sphere.
At the time of writing, WIF is trading for $3.27, a 7% drop from its all-time high on March 15.
However, with the token’s momentum building once more, a new record valuation for dogwifhat could be on the cards.
In an effort to shed light on the recent rumours surrounding the European Union's (EU) position on #cryptocurrency anonymity, industry expert Patrick Hansen has spoken out. Hansen highlights that the #EU's Anti Money Laundering Regulation (AMLR) offers a comprehensive framework intended to combat money laundering and terrorism financing, rather than especially targeting cryptocurrencies. This framework encompasses a number of industries, such as non-financial organisations vulnerable to AML/CFT violations and crypto-asset service providers (CASPs).
Despite rumours to the contrary, the #AMLR includes provisions that allow for the use of anonymous cryptocurrency wallets and transactions. Interestingly, non-custodial wallet providers are free from the regulations' obligations. This distinction is essential to understanding the regulatory framework of the European Union because non-custodial wallets let users to directly control their assets and private keys. These exclusions highlight the EU's ambiguous approach to regulating digital assets.
That said, bulls are currently focusing on this key level, which could act as a springboard for SHIB price recovery.
Looking ahead, Shiba Inu will face its next big resistance in the range of $0.00003 to $0.000037, where 29.13 trillion SHIB were purchased by 143,770 addresses for an average price of $0.000033.
Sustaining key range might forestall 30% declines.
Meanwhile, SHIB's next support level is between $0.000019 and $0.000023, where 35.55 trillion SHIB was purchased by 47,640 addresses for an average price of $0.000021.
Thus, Shiba Inu sustaining the aforementioned 100 trillion SHIB range might be key to forestalling declines to $0.000019, which represents a nearly 30% decrease from current levels.
At the time of writing, SHIB was trading at $0.00002787, up 3.87% in the last 24 hours.
Shiba Inu continues to garner attention. According to on-chain analytics firm Santiment, Bitcoin and fiat, along with meme coins, are the primary focus of traders as the weekend begins.
Aside from Bitcoin, meme coins are seeing an increasing amount of narratives heading into the weekend. According to Santiment, meme coin market cap drops are showing polarized views.
Để đọc và hiểu văn bản bằng tiếng Anh hiệu quả, bạn có thể áp dụng những bước sau:
1. Đọc văn bản một cách chậm rãi: Hãy đọc từng câu và từng đoạn văn theo từng phần nhỏ để hiểu rõ nội dung.
2. Dùng từ điển: Khi gặp từ mới hoặc cụm từ khó hiểu, hãy sử dụng từ điển để tra cứu và hiểu rõ ý nghĩa của chúng.
3. Tìm hiểu ngữ cảnh: Hiểu rõ bối cảnh và mục đích của văn bản sẽ giúp bạn hiểu rõ hơn nội dung và ý định của tác giả.
4. Ghi chú và tóm tắt: Ghi chú về những điểm chính và tóm tắt lại nội dung của văn bản giúp bạn nhớ và hiểu sâu hơn.
5. Hỏi và thảo luận: Nếu có thắc mắc, hãy hỏi và thảo luận với người khác để hiểu rõ hơn về văn bản.
6. Đọc nhiều và thường xuyên: Càng đọc nhiều, bạn sẽ cải thiện khả năng đọc và hiểu văn bản bằng tiếng Anh của mình.
Những bước trên sẽ giúp bạn đọc và hiểu văn bản bằng tiếng Anh một cách hiệu quả và chính xác. Đừng ngần ngại thử nghiệm và rèn luyện kỹ năng này thường xuyên để trở thành người đọc thông thạo.
This Solana (SOL) Meme Coin Destroys Portfolios: Details.
A Solana-based meme coin SLERF is not showing performance similar to WIF, PEPE or even SHIB. Meme coins are known for their wild price swings and often move up, driven by fear of missing out (FOMO). SLERF seems to be following this pattern but not bringing any profits.
After losing a staggering 6,039 SOL (worth about $1.15 million), this trader sold all their SLERF holdings at a loss. Not learning from the painful hit, they moved their remaining SOL to Binance. Just the day before, the same investor had experienced a loss of 2,793 SOL by buying SLERF with $1 million worth of SOL.
When SLERF's price jumped again, the FOMO bug bit, leading the trader to purchase three million SLERF at $1.17 each, costing a whopping 19,133 SOL ($3.52 million). You probably will not be wrong if you guess that this endeavor did not end up profitable either.
It is important to understand that meme coins are incredibly high-risk due to their nature. They often start as a joke and lack the fundamental backing. The majority of meme coin investors who see returns are usually those with insider information, like creators, or those using automated trading programs that can jump in and out of trades much faster than humans, like MEV bots or snipers.
XRP, SHIB, Bitcoin Emerge as Most Angry
Cryptocurrencies Amid $455 Million Crypto
Bloodbath.
The cryptocurrency market has
experienced a significant downturn in the past 24 hours, with liquidations totaling
nearly half a billion dollars, according to
data from CoinGlass. Among the casualties
of this market turmoil were long positions,
representing the majority of the $455
million in liquidations.
Analysis indicates that over 60% of long positions on the crypto market were liquidated following an 8% decline, equating to more than $263 billion, according to the TOTAL index.
Consequently, the overall capitalization of the cryptocurrency market, inclusive of major assets like Bitcoin, Ethereum and various altcoins, dropped to $2.3 trillion.
Sam Bankman-Fried's defense team pushed back against what it called the "disturbing" sentencing memorandum filed by the Department of Justice last week in a new letter, saying the DOJ was making the FTX founder out to be someone he was not.
"With marked hostility, the memorandum distorts reality to support its precious 'loss' narrative and casts Sam as a depraved super-villain; it attributes to him dark and megalomaniacal motives that fly in the face of the record; it makes apocalyptic prophecies of recidivism; and it adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation," Tuesday's filing said. "That is not justice."
On Friday, prosecutors urged District Judge Lewis Kaplan to impose a sentence of 40 to 50 years, arguing that Bankman-Fried had been greedy and his efforts to resolve FTX's bankruptcy didn't help. As supporting evidence, they included various word documents he authored, victim impact statements from FTX customers and other documents.
Read all of CoinDesk's coverage here.
The defense had previously argued that the former FTX CEO should spend no more than 6.5 years in prison, after his conviction last November on fraud and conspiracy charges.
Bankman-Fried tried to help the bankruptcy estate, Tuesday's filing said, but he was "rebuffed" by the bankruptcy managers.
As evidence, the defense included additional documents Bankman-Fried wrote, including what appear to be possible draft public statements he might make about how FTX wound up in bankruptcy.
The defense also said Bankman-Fried poses no risk of recidivism.
Another exhibit, meant to demonstrate Bankman-Fried's earnest efforts to bring the exchange out of bankruptcy, includes a message he sent to former FTX General Counsel Ryne Miller. The DOJ had previously used this message as evidence in a successful bid to revoke Bankman-Fried's bond for witness tampering.
"At age 32, the government wants to break Sam Bankman-Fried. They ignore completely his condition and vulnerabilities. Instead, they urge, menacingly, that the sentence imposed must 'disable' him even from 'being in a position' where he theoretically 'could' perpetrate a fraud," the filing said. "That is a horrifying interpretation of specific deterrence."
He suggested, telling his 1 million followers on X that Bitcoin may continue to range around this level until the Federal Open Market Committee (FOMC) meeting on March 20th. The analyst further identified the next support level at the Fib ratio of 0.382, standing at $60,318, while highlighting the golden ratio at 0.618, which sits at $52,000.
However, analyst “Castillo Trading” emphasized the importance of Bitcoin holding previous all-time highs as support, allowing other cryptocurrencies like Ethereum (ETH) and altcoins to catch up.
That said, Bitcoin’s recent decline, approaching the support line of its upward channel, poses a significant challenge. There’s a possibility of a breakout leading to a correction towards $59,000 or potentially even lower. Conversely, optimistic investors anticipate a resurgence, speculating that the price may rebound from its November 2021 all-time highs.
Bitcoin was trading at $67,033 at press time, reflecting a 1.94% loss over the past 24 hours.