<p>This Bored Banana is one of 4,027 unique Bored Bananas minted on the Ethereum Blockchain. This NFT accrues $BANANA tokens over time. For more information, visit us at https://bored-bananas.com</p>

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The current Liquity price analysis reveals a significant downturn in the price, as the LQTY bulls face notable challenges in the market. The price has been steadily declining at a faster pace, causing it to reach a new low of $1.211. Despite the bulls’ attempts to push the price higher in the previous session, they ... Read more

Cryptopolitan

Liquity price analysis: LQTY struggles at $1.211 as bears reinforce control

The decentralized application (dapp) industry has continued to show growth despite declining decentralized finance (DeFi) collateral.

Crypto Potato

Dapp Industry Grew by 10% in May Despite DeFi Declines

LINK recovery could stall again near its mid-range level, aligning with a bearish order block.

AMB Crypto

Will Chainlink’s recovery halt at this roadblock?

Shiba Inu (SHIB) has faced challenges in maintaining the level of liquidity it once enjoyed. In recent weeks, the coin has exhibited minimal volatility, leaving many investors wondering about its future direction. However, despite the apparent inactivity, various indicators hint at the possibility of a substantial price movement in the near future. As the path ahead for SHIB seems somewhat restricted, it raises the question of where the coin may head next and what potential opportunities or hurdles lie ahead. Related Reading: Bedrock Upgrade: How Optimism Game-Changer Could Impact OP Price Shiba Inu (SHIB) Liquidity Woes During the peak of the 2021 bull market, Shiba Inu (SHIB) emerged as a prominent player, spearheading price rallies that garnered significant attention. As a result, ShibaSwap, the decentralized exchange associated with SHIB, experienced a surge in Total Value Locked (TVL), reaching an impressive $1.75 billion. However, the previously soaring TVL has taken a massive hit, plummeting to just $25.16 million, according to DefiLlama. At first glance, this dramatic decline in TVL may raise concerns about a potential liquidity crisis. Yet, a closer examination suggests that this situation may be temporary rather than a long-term predicament. Recent data indicates a notable increase in SHIB purchases across various time intervals, and a closer look at wallet data reveals a mixed picture, with some ranges displaying an increase in holdings while others demonstrate a decrease. SHIB total market cap currently at $5.1 billion on the daily chart: TradingView.com SHIB Investors Show Confidence in Long-Term Potential Upon analyzing on-chain data, Santiment’s chart reveals a notable pattern among SHIB token holders. Specifically, investors with SHIB holdings ranging from 1 to 1,000,000 tokens have demonstrated a consistent increase in their balances. This upward trend suggests that a considerable segment of the retail cohort holds a certain degree of belief in the long-term performance of this meme-inspired cryptocurrency. Related Reading: XRP Climbs 12% As Crypto Celebrates 11-Year Milestone Network usage data also highlights a decline in daily transactions, dropping from an average of 7,000 to approximately 3,500. Nonetheless, this is not necessarily indicative of an impending emergency. Instead, this could be part of a larger phase of stabilization for the token, as holders wait for a price rebound. 7/10 Network usage data is also worth noting – daily transactions have halved from an average of 7k to 3.5k. This decrease could signal a reduced interest in #SHIB, adding weight to the liquidity crisis theory. — U.Today (@Utoday_en) June 2, 2023 Given the current state of a stagnant price and reduced volatility, the likelihood of SHIB preparing for a significant price shift appears high. This prospect has garnered the attention of investors who are closely monitoring the market for any forthcoming developments. Source: Coingecko The SHIB price on CoinGecko is currently at $0.00000855, experiencing a slight 1.0% drop in the last 24 hours and a 3.1% decrease over the past seven days. -Featured image from Perfect Dog Breeds

NewsBTC

Shiba Inu (SHIB) Poised For Significant Breakout: Here’s What To Watch Out For

Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the needs of businesses working with foreign partners. Russian Companies to Be Able to Pay Suppliers With Cryptocurrency Through Rosbank One of

Bitcoin.com

Russia’s Rosbank Launches Crypto Payments Solution for Cross-Border Settlements

Ethereum price started a fresh decline from the $1,920 resistance against the US Dollar. ETH is moving lower and might dive below the $1,850 support. Ethereum is struggling to gain bullish momentum above the $1,920 resistance. The price is trading below $1,900 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $1,895 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down toward the $1,840 and $1,800 levels. Ethereum Price Faces Another Rejection Ethereum’s price attempted another increase above the $1,900 resistance. However, ETH struggled to clear the $1,920 resistance and started another decline, similar to Bitcoin. There was a move below the $1,900 support zone. The bears pushed the price below the 50% Fib retracement level of the upward move from the $1,838 swing low to the $1,914 high. Besides, there was a break below a key bullish trend line with support near $1,895 on the hourly chart of ETH/USD. Ether is now trading below $1,900 and the 100-hourly Simple Moving Average. It is also testing the 61.8% Fib retracement level of the upward move from the $1,838 swing low to the $1,914 high. If the price stays above the $1,865 support, it could attempt a fresh increase. Immediate resistance is near the $1,900 zone and the 100-hourly Simple Moving Average. The next major resistance is near the $1,900 level. A proper move above the $1,900 and $1,920 resistance levels might send Ether toward $1,940. Source: ETHUSD on TradingView.com The next resistance sits near $1,965, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone might send the price toward the $2,120 resistance. More Losses in ETH? If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,868 level. The next major support is near the $1,855 zone. If there is a break below the $1,855 support, the price could decline toward the $1,840 support. Any more losses may perhaps send the price toward the $1,800 level or even $1,740 in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $1,840 Major Resistance Level – $1,900

Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

Ripple price is facing resistance near the $0.550 level against the US dollar. The price is now trading above $0.50 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5280 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could ... The post Ripple Price Analysis: Bulls In Control Above $0.50 appeared first on Live Bitcoin News .

Live Bitcoin News

Ripple Price Analysis: Bulls In Control Above $0.50

Ethereum bulls were able to defend the $1880 zone upon a retest and the prices climbed back above $1900 at the time of writing, but buyers should be wary of the lack of demand behind ETH recently.

Ethereum bulls can force a rally to $2000, but…

Bitcoin price is struggling to clear the $27,500 resistance zone. BTC is sliding and there could be a sharp decline toward $25,550 in the coming sessions. Bitcoin is still struggling to stay above the $27,000 support zone. The price is trading below $27,200 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near $27,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $26,550 support and might continue to decline. Bitcoin Price Faces Resistance Bitcoin price started a minor upside correction from the $26,550 support zone. BTC climbed above the $27,000 resistance zone and the 100 hourly Simple moving average. There was a move above the 23.6% Fib retracement level of the key decline from the $28,450 swing high to the $26,571 low. However, the bears were active near the $27,500 resistance zone. There was no convincing move above the $27,350 resistance zone. Bitcoin price stayed below the 50% Fib retracement level of the key decline from the $28,450 swing high to the $26,571 low. It is now trading below $27,200 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $27,200 level and the 100 hourly Simple moving average. The next major resistance is near the $27,350 level. The main resistance sits near the $27,500 level. Source: BTCUSD on TradingView.com An upside break and close above $27,500 could start a decent increase toward $28,000. Any more gains above the $28,000 resistance zone might send the price toward the $28,500 resistance zone. If there is a close above the $28,500 resistance, there could be a move toward the $30,000 resistance zone in the near term. More Losses in BTC? If Bitcoin’s price fails to clear the $27,350 resistance, it could continue to move down. Immediate support on the downside is near the $26,800 level. The next major support is near the $26,550 zone, below which the price might start a strong decline. In the stated case, the price could drop toward the $25,500 support in the coming sessions. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is below the 50 level. Major Support Levels – $26,800, followed by $26,550. Major Resistance Levels – $27,200, $27,350, and $27,500.

Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $28K

Attorney John Deaton says there’s a 25% chance Ripple will see an outright win against the Securities and Exchange Commission, while rumors fly of a possible Ripple IPO.

CoinTelegraph

Ripple case: Pro-XRP lawyer tips outright SEC victory at ‘less than 3%’

The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest

Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar’s Reserve Currency Status

The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said.

Metropolitan Museum of Art to return $550K in donations from FTX

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.

CoinDesk

First Mover Asia: Why Did Bitcoin's Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience

Kaleo, a pseudonymous analyst and trader, is predicting a bullish price trend for XRP, the 6th largest cryptocurrency by market cap, which he expects to outperform the flagship crypto Bitcoin (BTC). The widely-followed analyst tells his 590,000 Twitter followers that he sees a bullish continuation for XRP after successfully retesting its diagonal resistance as support. The post Top Trader Says XRP Is Ready For another Leg Up That Will Outperform Bitcoin. Here’s the Target appeared first on Times Tabloid .

TimesTabloid

How Ethereum on exchanges dropped to a 5-year low

The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt ceiling deal “does not solve the underlying political challenges facing the U.S. and its economy.” ‘Using the Country’s Debt

US Debt Ceiling Dramas Diminish Dollar’s Credibility and Reputation as Safety Asset, Warns Devere CEO

A widely followed crypto analyst is issuing a warning to investors, saying that a deep correction in the altcoin markets may be on the horizon. In a new video update, prominent crypto strategist Benjamin Cowen tells his 783,000 YouTube subscribers that history is signaling a massive downswing for altcoins. According to Cowen, the Bitcoin dominance The post Top Analyst Benjamin Cowen Issues Warning, Says History Signaling Massive Altcoin Reckoning appeared first on The Daily Hodl .

The Daily Hodl

Top Analyst Benjamin Cowen Issues Warning, Says History Signaling Massive Altcoin Reckoning

Polkadot’s [DOT] bulls face multiple obstacles, from the mid-range to the range high. Will the recent recovery be sustainable?

Why Polkadot’s recovery faces headwinds

Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm.

FTX lawsuits see crypto firms, influencers dial back endorsement deals

GTA 6 crypto and NFT integration speculation mounts, Top Gear and Dr Who in The Sandbox, and Thailand’s rubbish NFT hunt for tourists.

Web3 Gamer: GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review

After breaking below the $0.00001 price mark in May, Shiba Inu (SHIB) has since continued to plunge in price, which has made investors doubt Shiba Inu’s early potential. With the current bearish stronghold that has crumbled the crypto market activities, cryptocurrencies like Shiba Inu, with an incredible number of circulating tokens, will struggle to remain The post Shiba Inu (SHIB) Investors Can Attain Millionaire Status With Just $8. Here’s how appeared first on Times Tabloid .

Shiba Inu (SHIB) Investors Can Attain Millionaire Status With Just $8. Here’s how

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