Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term.“The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with an increased commitment by asset managers,” … [Read more...] about Bitcoin’s Bullish Trajectory Intact, but December Pump to $100K Looks Unlikely: Analysts
Pump
SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows
Since the beginning of this week, addresses labeled as “smart money” by blockchain data firm Nansen started buying up SHIB, according to Daniel Khoo, a research analyst at Nansen. The buying was mostly concentrated in the past seven days, worth about $160 million. Source link … [Read more...] about SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows
EOS under fire over claims its ICO was a shady “pump scheme”
During a year-long initial coin offering (ICO) that ended in 2018, EOS raised a record $4.2 billion, making it the biggest ICO in history. Combined with its Delegated Proof-of-Stake (DPoS) consensus mechanism, which has throughput thousands of times greater than Ethereum’s, expectations were high.But these expectations continue to go unfulfilled. A look at EOS’s stagnant dapp … [Read more...] about EOS under fire over claims its ICO was a shady “pump scheme”
End of the Musk pump? Dogecoin barely moves after Tesla joke
They say all good things come to an end, and the Elon Musk-inflicted Dogecoin pump is no stranger to that.“Maybe if it sees a Shiba Inu, the car renders a Dogecoin,” said Musk in a reply to a tweet today, with the original post simply stating: “#TeslaVision can indeed see dogs!.”Maybe if it sees a Shiba Inu, the car renders a Dogecoin …— Elon Musk (@elonmusk) July 13, 2021The … [Read more...] about End of the Musk pump? Dogecoin barely moves after Tesla joke
Bitcoin derivatives data shows pro traders ignored today’s $41K pump
Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying that he was looking into other cryptocurrencies that … [Read more...] about Bitcoin derivatives data shows pro traders ignored today’s $41K pump