The post Adam Back Says Altcoins and Meme Coins May Head to Zero appeared on BitcoinEthereumNews.com.
Back argued that many alternative cryptocurrencies still lack sustainable long-term value and suggested that speculative assets driven mainly by hype could struggle as market conditions tighten. His comments also touched on his concerns surrounding meme coins like Dogecoin, Shiba Inu, and Pepe, which still maintain strong trading activity despite questions about their long-term value and durability. Bitcoin Dominance Is Crushing Altcoins Blockstream CEO Adam Back once again criticized altcoins and meme coins, and argued that the crypto market may finally be moving toward what he believes is a more realistic valuation of these assets. In a recent post on X, Back stated that he expected the efficient market hypothesis to eventually drive many altcoins toward “$0,” and added that he first made this prediction about a decade ago. According to him, it has simply taken longer than expected
Dogecoin started a recovery wave above the $0.10 zone against the US Dollar. DOGE is now facing hurdles near $0.1050 and might struggle to continue higher. DOGE price started a recovery wave from $0.10 and climbed above $0.1020. The price is trading below the $0.1035 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1030 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.10. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.10 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1015 and $0.1020 resistance levels. There was a decent upward move above the 50% Fib retracement level of the downward move from the $0.1066 swing high to the $0.0968 low. However, the price struggled near $0.1045. There is also a bearish trend line forming with resistance at $0.1030 on the hourly chart of the DOGE/USD pair. Dogecoin price is n
The post Hyperliquid (HYPE) Price Corrects After Massive Rally—But $100 Target Remains in Play appeared on BitcoinEthereumNews.com.
The post Hyperliquid (HYPE) Price Corrects After Massive Rally—But $100 Target Remains in Play appeared first on Coinpedia Fintech News Hyperliquid has emerged as one of the strongest-performing cryptocurrencies in the market, maintaining a powerful uptrend over the past few weeks. The HYPE price recently climbed to a fresh all-time high of $64.32, reinforcing the growing bullish dominance. Although it has witnessed a couple of short-term pullbacks after its explosive rally, the price continues to … Source: https://coinpedia.org/price-analysis/hyperliquid-hype-price-corrects-after-massive-rally-but-100-target-remains-in-play/
Dogecoin is at a technical area that will look very familiar to traders who followed its 2024 rally. The weekly chart shows Dogecoin is pressing into a long-term Fibonacci fan structure drawn from the 2021 peak, with the current retest coming near the 0.618 Fib fan after a similar 0.5 Fib fan retest preceded the large move in October 2024. This technical setup does not confirm a breakout on its own, but it places Dogecoin at one of its most important weekly decision points in months. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment Dogecoin Returns To A Familiar Fib Fan Structure The main idea of this technical analysis is that Dogecoin is still trading inside a long-term descending resistance structure that began from the 2021 all-time high price of $0.7316. However, the analysis also uses an interesting Fibonacci waves indicator in the form of expanding fan lines extending from the memecoin’s peak price. These lines have acted as long-term resist
The post Shiba Inu Tokens Shift to Private Wallets as Confidence Drops appeared on BitcoinEthereumNews.com.
Recent blockchain data reveals a significant migration of Shiba Inu (SHIB) tokens off major exchanges, marking a notable change in investor behavior. According to numbers shared by CryptoQuant, around 490 billion SHIB have been transferred to personal wallets, suggesting a shift towards long-term holding strategies and away from immediate sale potential. Continue Reading:Shiba Inu Tokens Shift to Private Wallets as Confidence Drops Source: https://en.bitcoinhaber.net/shiba-inu-tokens-shift-to-private-wallets-as-confidence-drops
The post Shiba Inu (SHIB) Outflows Spike Violently as Traders Rush to Self-Custody appeared on BitcoinEthereumNews.com.
On-chain metrics show a sharp increase in exchange outflows, suggesting that large holders may be aggressively removing tokens from trading platforms, even as SHIB price action continues to drift lower inside a larger downtrend. Shiba Inu exchange flows flip According to data from CryptoQuant’s trending metrics, SHIB exchange outflows have increased significantly, with a total outflow volume of almost 490 billion SHIB. Concurrently, exchange reserves keep dropping, indicating that tokens are gradually moving away from centralized platforms rather than getting ready for an instant sale. SHIB/USDT Chart by TradingView This is significant because self-custody behavior is typically indicated by exchange outflows. Short-term selling pressure is usually lessened when traders transfer assets from exchanges to private wallets. The reasoning is straightforward: coins transferr
Bitcoin's surge boosts market optimism, potentially driving further investment and interest in cryptocurrencies, while influencing economic policies.
The post Bitcoin price surges past $77,000, market confidence grows appeared first on Crypto Briefing.
