Analysis Today TheBitTimes.com

Blockchain data network Chainlink continues to power toward a highly anticipated upside breakout. Chainlink’s native LINK token hovers at the level of confirming a new bull cycle, according to experts.  LINK has logged a 12% gain over the last seven days and is now pushing toward taking out the $17 level. The visible market support allowed the asset to consistently close above its 50-day moving average amid broader turbulence. LINK is also up by 6.1% in the last 24 hours. Crucially, Chainlink appears poised to post a weekly relative strength index reading back above 70 for one of the first times since its towering 2021 rally stalled out. The renewed momentum compounds building optimism for a trend reversal after rangebound trading dominated most of last year. Also read: Cardano Price Predictions: When Could ADA Reach $3, $7.03, and $10.40? Crypto analyst eyes $25-$30 for LINK Crypto analyst Michaël van de Poppe said this week that Chain LINK LINK is gearing up f

The Bonk price plunged 8% in the last 24 hours to trade at $0.00001097 as of 5 a.m. EST on trading volume that plummeted 12% to $80.78 million. The price drop has effectively nullified the increase seen in the last five days. During this bullish period, the token reached a major resistance at $0.0000125 but fell back to where it started a week ago after being rejected. Bonk Price Prognosis On the technical side of things, Bonk is giving extremely strong signals of an upcoming bullish movement. Numerous traders believe that the token has entered a consolidation phase which is simply acting as an accumulation period before a new move to the upside. If Bonk finds itself in a bullish scenario, it could escape the sideways channel, and skyrocket to $0.00001927 in days to come. For now, one clearly bullish signal that the token is giving off is the sharp widening of Bollinger bands, with the upper band being at $0.00001197 and the lower one currently at $0.00001072. With the price rapi

TAO might retest $475 due to the golden crossed 9 and 20 EMAs formed. Capital flow in HNT has decreased, suggesting a move down to $6.70. SOL might drop below $100, but a long-term entry appeared at $89. While the broader market has enjoyed a relative rebound this week, most market participants were focusing on speculative cryptocurrencies, Santiment posted. According to Santiment, assets including Bittensor (TAO), Solana (SOL), and Helium (HNT) have been beneficiaries of this rising interest. But it has been to the detriment of Bitcoin (BTC), whose social volume has been decreasing.  #Bittensor (70%), #Helium (37%), and #Solana (25%), have been the top notable performers in a great 7-day rebound stretch for #crypto markets. #Bitcoin continues to see decreased social volume, however, as traders are showing a rising interest in speculative #altcoins instead. pic.twitter.com/8Dl2I6VoiF — Santiment (@santimentfeed) January 30, 2024 In the last seven days,

In what is certainly a positive development for the meme coin, Dogecoin (DOGE) has reached a brand new all-time high in new addresses. Indeed, the Dogecoin network has seen a rapid surge in newly created addresses that many hope could precede a similar action in the meme coin value. Crypto analyst Ali Martinez shared data from IntoTheBlock that highlighted the new record that was hit on January 29th. Moreover, Martinez highlighted that the increase in new addresses jumped by more than 1,100% over the last week alone. That figure currently sits at more than 247,240 addresses. The # Dogecoin network is witnessing a remarkable surge in growth, with new addresses increasing by a staggering 1,100% over the past week! On January 29 alone, a record-breaking 247,240 new #DOGE addresses were created, marking an all-time high. A sustained uptrend in network… pic.twitter.com/7tNAPzJaP2 — Ali (@ali_charts) January 30, 2024 Also Read: Dogecoin: Elon Musk’s X Payments Raise Cryptocurr

The Bitcoin price has climbed 2.59% in the last 24 hours to trade at $43,445 as of 05:40 a.m. EST on trading volume that soared 53% to $23 billion. The rise in the Bitcoin price comes as Google revised its advertising guidelines to allow Bitcoin ETFs (exchange-traded funds) to promote their products on Monday, Jan. 29. 💰 #Bitcoin ETF ads may appear on Google starting Monday, community speculates On Monday, Google is set to update its policies allowing certain cryptocurrency products to be advertised on the major search engine. Bitcoin exchange-traded funds (ETFs) appear likely to meet the… pic.twitter.com/mx6kNWhZ3Z — TrendPro (@TrendProCrafter) January 28, 2024 Major spot Bitcoin ETF issuers like BlackRock, VanEck, and Franklin Templeton have already started marketing their funds, with advertisements already starting to appear on Google. #Bitcoin on #Google Ads! Big players like Franklin Templeton ($1.6 trillion AUM!), #BlackRock and #VanEck are already profiting from Goog

Binance reportedly plans to reduce its stake in Korean crypto exchange Gopax within the next two months to address regulatory reporting issues. Crypto exchange Binance, the major shareholder of Korean crypto trading platform Gopax, is set to reduce its stake in the exchange within the next one to two months to address issues with reporting changes to virtual asset business operators (VASPs), Korean news outlet News1 Korea has learned. The move is expected to solve regulatory issues after Korean authorities delayed approval of Gopax’s VASP change report submitted in March 2023. Binance’s intention to sell a portion of its stake is seemingly aimed at resolving regulatory concerns. Despite the reduction, Binance could still retain an estimated 80% stake , according to local industry executives. As of the latest update, Binance has not released an official statement on the matter. You might also like: Binance.US hit with regulatory setbacks in Florida and Alaska Binance acq

TON struggles to break resistance at $2.13, showing the need for more positive momentum. TON, RPL, and LEO prices dropped due to a market sell-off, with the total market cap at $1.7 trillion. RPL and LEO see increased trading volumes despite price drops, indicating continued investor interest and potential buying opportunities. Toncoin (TON), Rocket Pool (RPL), and UNUS SED LEO (LEO) have all seen price drops in the last day due to a market sell-off. Furthermore, this trend is reflected in the cryptocurrency market value, which has dropped to $1.7 trillion, a -1.03% decrease in the previous 24 hours. TON/USD Toncoin (TON) has been under negative pressure over the previous day after failing to break through resistance at the early high of $2.126. As a result, bearish momentum drove the TON price to a low of $2.1067, where it found support. However, bulls were able to reverse the slump and bring the price back up to $2.12. Despite this rebound, TON is

Crypto investment products saw an outflow of $500 million last week. Bitcoin saw the most outflows with $479 million, while Ethereum recorded $39 million in outflows. CoinShares’ weekly report shows most of the outflows were in the US, where Grayscale’s ETF witnessed over $2.2 billion in outflows. Digital asset investment products saw a significant spike in outflows lask week, according to digital assets investment firm CoinShares. CoinShares’s latest weekly report shows the crypto investment products market saw outflows totalling $500 million.. Bitcoin saw $479 million in outflows According to the asset manager, the global outflows from crypto investment products reached $409 million in the US, $60 million in Switzerland and $32 million in Germany – the three regions with the highest outflows for the week ending January 26. “ Bitcoin has understandably been the primary focus, seeing US$479m outflows , while short-bitcoin saw further in flows totalling U

As measured by time-to-finality, Avalanche is the fastest smart contracts platform in the blockchain industry. Its ecosystem continues to expand as newly listed tokens get listed. This article highlights three of the top trending crypto coins on the Avalanche ecosystem today that promise huge gains in the future. The crypto industry is abuzz with the recent surge in the popularity of various tokens on the Avalanche network. Among the top trending coins gaining traction are Vector (VTX), MCVerse (MCV), and Wrapped AVAX (WAVAX). These coins have been experiencing remarkable market performance, drawing attention from investors and enthusiasts alike. Vector (VTX), MCVerse (MCV), and Wrapped AVAX (WAVAX) are leading the pack with their impressive price rallies and growing market capitalization. Investors closely monitor these tokens as they continue to make waves in the crypto market. Top Trending Crypto Coins on Avalanche The Avalanche Foundation’s recent announcement about its criteri

The PEPE token team has stepped forward to shed light on a series of bizarre wallet transactions that had market watchers buzzing with speculation. In a statement communicated via X on Jan. 26, the meme coin’s current leadership separated itself from these activities, suggesting involvement by “nefarious” former team members . It has come to our attention that there has been a recent action in the $PEPE deployer. These transactions and any future transactions from the deployer wallet have no association to the remaining team of $PEPE and Pepe is not associated with any other projects or tokens. These… pic.twitter.com/4qjLNqkYgr — Pepe (@pepecoineth) January 26, 2024 This response from PEPE springs from a need to address the swelling uncertainties following notable transactions in the meme coin’s deployer wallet . Market participants were left in the dark about the specifics of these transactions, but the team’s swift denial of any current affiliation points to a complex backsto

Decoding the Aesthetics: What Does Bitcoin Look Like? In the vast landscape of digital currencies, Bitcoin stands tall as a revolutionary force, challenging traditional notions of money and finance. As we unravel the mystique of this digital asset, one question often arises: What does Bitcoin look like? Join us on a visual journey into the world of Bitcoin, exploring its symbolic representation and delving into the nuances that define its existence. Also read: Traders Predict BTC Dip With $36B Sale- Best Crypto to Buy if Bitcoin Crashes The Genesis: Unveiling Satoshi Nakamoto’s Vision Satoshi Nakamoto: What Does Bitcoin Look Like? Bitcoin’s visual essence finds its roots in the enigmatic figure of Satoshi Nakamoto. While the identity of Nakamoto remains shrouded in mystery, the impact of their creation is vividly clear. Nakamoto introduced the concept of a decentralized digital currency through the Bitcoin whitepaper in 2008, laying the foundation for a financial revol

The AltLayer price climbed  more than 6% over the past 24 hours to trade at $0.3362 as of 6:00 a.m. EST. AltLayer Launches Multi Million-Dollar Airdrop 📢Update: $ALT Airdrop Claims have now opened as of 9:00 AM UTC. https://t.co/LpfHsHu4Gk Those eligible for AltLayer Airdrop Season One – please visit the official airdrop website to claim your $ALT! Rest assured you will have one month to claim your $ALT tokens. https://t.co/zSYJw8gGt4 — AltLayer (@alt_layer) January 25, 2024 The airdrop for AltLayer, an Ethereum scaling solution, has gone live and helped fuel the price rise. The claiming process for the project’s native token, ALT, went live at 9:00 am UTC on Jan. 25. With an allocation of 300 million tokens in the initial airdrop, the total amount of tokens released are valued at just over $99 million at current prices. The AltLayer Price Fall Out Of Its Bullish Sequence 1-hour chart for ALT/USDT (Source: TradingView ) The AltLayer price managed to break above a short-te