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Polkadot (DOT) is showing bearish signs below the $8 resistance against the US Dollar. The price could extend its decline if it fails to stay above $6.00. DOT is gaining pace below the $8.80 and $8.00 levels against the US Dollar. The price is trading below the $7.20 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $6.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to decline toward the $5.00 support zone. Polkadot Price Resumes Drop After a steady increase, DOT price faced resistance near the $7.60 zone. It formed a short-term top and started a fresh decline below the $7.00 level, like Ethereum and Bitcoin. There was a move below the $6.20 support zone. A low was formed near $6.03 and the price is now consolidating losses. It is slowly moving higher above the $6.35 level and the 23.6% Fib retracement level of the downward move from the $7.58...

Revolutionary bitcoin cloud mining token Bitcoin Minetrix ($BTCMTX) launched on DEXs today after raising $14 million in presale – its price is now expected to rocket on the back of newly announced burn and possible buyback initiatives. At 4pm today Bitcoin Minetrix announced a 400,000,000 token burn, amounting to 10% of the total supply of 4 billion.  The burn will take place tomorrow (Wednesday 31 April) at 8am UTC, and there is speculation it might be followed by a buyback campaign, to drive the price higher. Although the extent of a possible buyback campaign is not known at this time, token holders will welcome these price-supportive initiatives. #BitcoinMinetrix Token Announcement! 📣🔥 To celebrate the launch of our $BTCMTX #Token, we have decided to commence a HUGE TOKEN BURN. Tomorrow morning at 8 am UTC, we will be burning 10% of the total token supply, equaling 400,000,000 #BTCMTX tokens, giving our community more… pic.twit...

Meme coins exhibit remarkable volatility, leading to frequently generating significant returns that exceed expectations. This heightened volatility is both a draw and a challenge for investors, as it offers the potential for substantial gains while also carrying the risk of significant losses. Despite this inherent risk, many investors are drawn to meme coins due to their potential for rapid and exponential growth. The allure of meme coins lies in their ability to capture the imagination of the market, fueled by social media trends and community-driven hype. As a result, meme coins have emerged as a strong contender in the crypto space, presenting an opportunity for investors who are prepared to manage the volatility in pursuit of potential gains. Dogecoin (DOGE) Dogecoin, often hailed as the original meme coin, has successfully weathered two distinct bull markets and holds the 8th position by market cap. While its risk remains notable, $DOGE is generally perceived as the most stab...

Chain LINK , a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK , is experiencing a trading range near $14, according to the latest data. CoinGecko data also shows that LINK is down by 1% in price in the last 24 hours and is trading at $13.92. With the market trading in red, here is our price prediction for LINK for May. Also read: Top 3 Meme Coins For 10X Gains To Include In Your Portfolio Chainlink price prediction for May LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. However, in the past 30 days alone, this altcoin has recorded a 27% drop in its price. Despite being 73.5% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before. Cryptocurrency experts at Changelly h...

The non-fungible token market has recorded another week of negative gain, with non-fungible tokens hosted on Bitcoin and Solana leading on the flip side. The NFT market crash has happened for a variety of reasons, including increased wash trading and the broader market shift to other digital assets like memecoins. NFT Sales Fell By 18% Last Week Data compiled by CryptoSlam.io, an on-chain multi-chain non-fungible token explorer, shows that the global non-fungible token market has recorded another negative gain this past week. In the past seven days, the global NFT market has recorded a trading sales volume of $195 million, representing an 18% decline from the previous week. Nonetheless, the number of traders and collectors buying the NFT dip has increased this past week. In the past seven days, the global NFT market has seen nearly 1 million collectors buying NFTs, representing 37% increase from the previous week. During this period, the number of collectors who sold their NFTs als...

Slothana, a Solana-based meme coin that raised a staggering $15 million during its presale, is nearing its exchange launch. This marks the final opportunity for investors to acquire SLOTH tokens at a fixed price before they hit the open market, where supply and demand will dictate the future cost. Slothana poised to follow the footsteps of meme coin giants on the Solana platform The cryptocurrency world is quite excited about Slothana, a meme coin based on the Solana blockchain, as the clock is ticking down to its presale, which ends in less than 24 hours. Comparisons to successful sloth-themed meme coins such as SLERF, which currently boasts a substantial market cap of nearly $190 million, are frequent. This highlights a robust market interest that Slothana could potentially capitalize on. The potential for explosive post-launch growth makes Slothana a compelling investment option, particularly given the recent bullish trend in the broader market, underscored by Solana’s no...

A widely followed crypto analyst is issuing a warning that the altcoin market is about to implode against Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 800,000 YouTube subscribers that the TOTAL3 chart, which tracks the market capitalization of all altcoins minus Ethereum (ETH) and stablecoins, looks bearish against Bitcoin. According to Cowen, the weakness of altcoins against Bitcoin suggests that alts may witness a collapse in the coming weeks. “A majority of the altcoins are still putting in new lows on their Bitcoin pairs and to find ones that are not, you’d have to cherry-pick ones in the top 20 that are not or they’re on their way to new lows right now or you’d have to find a micro-cap that was created recently and show that one that’s not putting in new lows. But a lot of them are and you can see that by looking at TOTAL3 minus USDT divided by Bitcoin. I think what you’re witnessing right now is th...

Cardano is one of the most notable altcoins leading the crypto space. The token is currently trading at $0.47, down 1% in the last 24 hours. ADA is yet to project a bullish streak by crossing critical price barriers to reach the top of the radar.  However, the slow price momentum is yet to deter ADA crypto enthusiasts, who are passionately rooting for the crypto to ascend to new heights.  Also Read: The Future of Cardano: Can ADA’s Upcoming Chang Fork Help It Reach $3? Cardano Price Performance By The End Of This Week According to CoinCodex, Cardano is expected to note another downtick of 2%, which may further push its price down to $0.46.  Per CC, Cardano is undergoing slight pressure and may take a while to pick up its pace. The platform further adds that the ADA may note a modest uptick by May 27. However, by May 2, the platform shares that ADA may trade at $0.44.  “The Cardano price forecast for the next 30 days is a projection based on the posit...

1. BlackRock’s Bitcoin Spot ETF Achieves 70 Consecutive Days of Net Inflows link BlackRock is very pleased with the performance of its Bitcoin spot ETF (IBIT). Since its launch in January of this year, IBIT ETF has attracted funds continuously for over 70 days, making it one of the most successful exchange-traded funds in history, with current assets under management exceeding $18 billion. This fund represents 24% of BlackRock’s total ETF liquidity, which comprises 1,000 ETFs globally. It is worth noting that this Thursday, Bitcoin spot ETFs experienced a total net outflow of $218 million. Fidelity’s ETF FBTC saw a net outflow of $22.61 million in a single day, while Valkyrie’s ETF BRRR saw a net outflow of $20.16 million, marking the first net outflow for FBTC and BRRR. 2. Post Bitcoin Halving, Average Production Cost Estimated at Approximately $53,000; Miners May Shift Focus to Artificial Intelligence link According to the latest report from CoinShares, following the Bitcoin halving,...

Consensys recently received a Wells notice from the SEC for its MetaMask product. Consensys aims to defend Ethereum’s status as a commodity. The company also challenges SEC’s authority over cryptocurrencies. Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure of authority” concerning Ethereum (ETH). The lawsuit, filed in the District Court for the Northern District of Texas, marks a significant move in the ongoing battle between crypto firms and regulators. Consensys disputes Ethereum’s classification At the heart of the dispute lies the classification of Ethereum (ETH) as a security . Consensys asserts that ETH should not be considered a security and contests the SEC’s investigation into its MetaMask wallet product based on this classification . The company argues that MetaMask, a widely-used wallet interfac...

Bitcoin (BTC), the original cryptocurrency, recently underwent its halving cycle, reducing rewards to miners by half. Many analysts consider halvings bullish as they reduce the supply of an asset, thereby increasing demand. While discussing the impact of BTC’s latest halving cycle, Glassnode noted that ‘ for the first time in history, Bitcoin ’ s steady-state issuance rate (0.83%) becomes lower than Gold (~2.3%), marking a historic handover in the title of the scarcest asset. ‘ Source: Glassnode Also Read: Bitcoin: Blackrock’s Spot BTC ETF Inches Closer To Top 10 List Glassnode’s report shows that Bitcoin’s (BTC) inflation rate is now officially lower than GOLD . The development makes the original cryptocurrency the most scarce resource on the planet. Will Bitcoin (BTC) rally since it’s now scarcer than gold? The cryptocurrency market has historically entered a bullish phase after a BTC halving event. A similar pattern may unfold ...