NFT News Daily Offcial TheBitTimes.com

The cryptocurrency industry has been witnessing several changes in terms of price over the past couple of days. The latest bearish waves have caused chaos in the market. The Ethereum (ETH) market, in particular, has dropped by 30% throughout the past 30 days. This further prompted firms like Standard Chartered to revise its 2025 year-end price target from $10,000 down to $4,000. While this is a major cause for concern, ETH investors are hoping to witness some gains before the end of March. Also Read: Shiba Inu Price Surge Could Be Imminent as Exchange Reserve Hits All-Time Low Has Ethereum Kickstarted Its Recovery Journey? Source: Forbes Several assets in the market were slowly turning green following a bloody weekend. Ethereum was one among them. Throughout the past 24 hours, the second-largest cryptocurrency witnessed a 0.19% increase. At the time of writing, the altcoin was trading at $1,904.09. It should be noted that ETH went from trading at a low of $1,889.53 to a high of $1,951....

The Morpho price skyrocketed 38% in the last 24 hours to trade at $4.06 as of 2.15 a.m. EST on trading volume that soared 168% to $211.4 million. Morpho’s price finally started to recover on Jan. 15 after previously descending slowly for about ten days. The project encountered a strong resistance at $3.05 which caused it to slowly drop, starting on Jan. 5. It then fell to $2.34 by Jan. 13. However, after stabilizing at this price, the crypto’s price started growing rapidly over the last two days, reaching $3 yesterday, and then skyrocketing to $4.11 only a few hours ago. A major influence was likely a recent announcement that Coinbase launched crypto-backed loans powered by Morpho in its main app, which represents the largest-scale DeFi integration ever, according to Morpho Labs’ co-founder and CEO, Paul Frambot. Coinbase launches crypto-backed loans powered by Morpho in its main app! This is the largest-scale DeFi integration ever, with far-reaching implications ...

The MOO DENG price has soared 109% in the last 24 hours to trade at $0.0003603 as of 02:23 a.m. EST on a 136% surge in trading volume to $63.8 million. MOO DENG Price On A Bullish Trend Reversal According to the MOODENG/USD chart Analysis , the MOO DENG price soared to the $0.00028 resistance after its launch, according to data from GeckoTerminal . The bulls could not sustain the resistance zone, which resulted in the price of MOO DENG plunging back to $0.00010. MOODENG then gained some momentum, which drove the asset through a price recovery, forming a bullish rounded bottom pattern. The price of MOO DENG now trades above the 50-day Simple Moving Average (SMA), which acts as a formidable support level. Moreover, the Relative Strength Index (RSI) is at 83.19, which is above the overbought threshold of 70. Overbought conditions indicate the price has risen rapidly and may face some resistance or consolidation soon. The MACD line (blue) is above the Signal line (orange) and zero, ...

Dogecoin (DOGE), the world’s first meme cryptocurrency has been making headlines following Donald Trump’s victory. The asset and its backing from major figures like Elon Musk has garnered DOGE investors promising gains. While the meme coin has been receiving high-profile endorsements, the real question is how much of DOGE does Musk really own? Also Read: Cramer Predicts Nvidia’s Fate Ahead Of NVDA Earning Report Looking Into Elon Musk’s Dogecoin Stash Back in January 2024, the wealthiest man revealed that he owns a “bunch of Dogecoin.” In addition, he also noted that SpaceX owns a “bunch of Bitcoin.” While he remained discrete about his total holdings, the internet had several theories. A bunch could mean six figures worth of DOGE or even less. Musk may even be a mystery Dogecoin whale with more than 36 billion tokens, according to a theory. Approximately 28.27% of the DOGE in circulation is owned by this wallet. Some contest this assertion, cla...

Act I: The AI Prophecy price has soared 235% in the last 24 hours to trade at $0.06844 as of 7:15 a.m EST, fueled by a 148% surge in trading volume to $73 Million. Act I: The AI Prophecy Price May Continue The Uptrend The ACT/USD trading pair in the 30-minute timeframe shows a clear bullish trend. The price is currently moving within a well-defined upward channel at $0.06706, having recently rebounded from the Support 2 level around $0.06. This upward momentum suggests a continuation of the bullish trend, especially as the price stays within the channel. The next potential resistance is at $0.08, where the price might face a challenge if the upward momentum slows. The chart also highlights two significant support levels: $0.06 (Support 2) and $0.04 (Support Level). Previous price actions have respected these levels, and a break below either could indicate a shift in the trend. ACTUSD Analysis Siurce Dextools.io The moving averages further support the bullish outlook, wi...

The Bitcoin (BTC) market witnessed a major shake-up a couple of months ago when the German government began selling its BTC stash. After it seized a significant amount of Bitcoin from criminal cases, the government was forced to liquidate its funds. Approximately 44,200 BTC, or 88.4% of Germany’s initial holdings of 50,000 BTC, had been sold by mid-July. The country garnered immense backlash for this sale. Also Read: Alphabet (GOOGL) Stock: Jim Cramer vs. Brian White – Who’s Right? Bitcoin’s Price During This Sale Back in July, the price of the king coin witnessed increased volatility. The asset dipped below the $60,000 mark, causing chaos in the market. Bitcoin was trading at a low of $56,000 during that time. But now, the world’s largest cryptocurrency is inching closer to the $70,000 zone. At press time, BTC was trading at $66,265.48, following a drop of over 1% throughout the past 24 hours. Source This further represents a 17% rise in BTC’s price since German...

Ripple (XRP) has yet to show significant price activity despite having a pool of new developments tending to the area. With an XRP ETF under its mix, XRP has yet to show an active price momentum strong enough to tempt its users. In the middle of this chaos, one analyst has shown great conviction and made bold predictions, adding that XRP is on the verge of breaking out, possibly exploring bullish price timelines in a maximum of 70 days. Also Read: Bitcoin Predicted To Hit An All-Time High Of $86,600: Here’s When Analyst Predicts New Timeline For Ripple Source – Bitcoinist As per Egrag Crypto, Ripple is about to adapt to a bullish price trajectory. The analyst took to X to share a detailed post, adding that XRP is slowly building momentum and may break into a bullish pace sooner than expected timelines. The analyst boldly shared a timeline for XRP’s bullish price pace, adding that it may take a maximum of 70 days for XRP to break out and ascend toward higher price pedestals. Speak...

The Sun (NEW) price soared 21% in the last 24 hours to trade at $0.03575 as of 10:05 p.m. EST on trading volumes that skyrocketed 78% to $342 million. This comes despite the meme coin market being down 1% to a $41 billion market capitalization. Sun (NEW) Price To Continue Soaring According to GeckoTerminal data, the Sun (New) price has been on a sustained rally since its launch, hitting an all-time high (ATH) of $0.0440 . Despite a slight downtrend on August 25, the bulls have recovered to keep the price trading within the rising channel pattern, aiming to propel the price of Sun (New) even higher. SUN trades above the 50-day Simple Moving Average (SMA), which supports the bullish trend and could encourage the bulls to sustain the bullish rally. Moreover, the Relative Strength Index (RSI) is soaring past the 50-midline level, currently at 56, which shows that the asset is under intense buying pressure. SUNUSD Chart Analysis Source: GeckoTerminal.com If the buying pre...

The Pepe price tumbled 6% in the past week and 1% in the last 24 hours to trade at $0.00000736 as of 3.15 a.m. EST on trading volume that dropped 10% to $429.8 million. The crypto market’s price drop has hit the meme coin sector harder than the largest cryptos by market cap, with most major meme coins currently trading in the red on a daily and weekly basis. Meanwhile, coins like ETH, BTC, SOL, XRP, and others are currently trading in the green. Pepe Price Prediction The Pepe price saw a strong drop in the last week, and while it also saw some recovery over the weekend, its value dropped again with the start of this week. According to the project’s Bollinger bands, however, the situation might be at the brink of turning around once again, with the bands suddenly narrowing with the arrival of Monday. The token’s price finally separated from the lower band and returned to the neutral area between the two. These look like the early bullish signals which should not ...

Shiba Inu lead developer Shytoshi Kusama has sent out a new tweet that is sparking wide anticipation in the SHIB community. The post sent to X read, “So many shadowcats…so little time before SHIBACON. Sigh.” Kusama’s updates on SHIB typically garner plenty of attention among Shiba Inu holders and investors. The anonymous developer tends to drop huge hints and teases of things to come for the dog-themed token. In this post, Kusama teases the upcoming ShibaCon event. Image Source: WatcherGuru ShibaCon 2024 was announced as the first global conference for Shiba Inu. The event is scheduled to take place in Bangkok on November 9. ShibaCoin will be a place for the Shiba Inu team to showcase technological advancements, foster community engagement, and discuss plans for the SHIB ecosystem. SHIB, BONE, LEASH, and planned tokens TREAT and SHI will likely be topics of discussion, as well as the layer 2 Shibarium network. Also Read: Toncoin: Can TON Hit a New All-Time High ...

The Kamala Horris price plunged 14% in the last 24 hours to trade at $0.01220 as of 00:43 a.m. EST on trading volume that fell 8% to $5.5 million. This comes despite Polymarket’s record showing that Kamala Harris’ odds of winning the election are higher than Trump’s. Kamala Harris' election odds just hit another record high. pic.twitter.com/dZ8fsASg1c — Polymarket (@Polymarket) August 14, 2024 Kamara Horris Price Aims For A Breakout According to GeckoTerminal data, the Kamala Horris price fell dramatically on July 26 from the $0.035 resistance to find support at $0.01. KAMA has been fluctuating within this range, within a sideways pattern, as the bulls aim for a breakout above. However, the price of Kamara Horris trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the price falling to the lower boundary of the sideways pattern. The Relative Strength Index (RSI) is falling towards the oversold region, currently a...