🐧 PENGU’s 868K Holders: Bullish or Just Pudgy Dreams? 🐧
Over 357 million PENGU tokens have been burned, a 13.69% supply cut, while the RSI lingers at 51.48-neither here nor there, like a penguin pondering a leap into frosty waters. 🌊
Over 357 million PENGU tokens have been burned, a 13.69% supply cut, while the RSI lingers at 51.48-neither here nor there, like a penguin pondering a leap into frosty waters. 🌊
Corporate treasuries are throwing money at SOL like it’s the last cannoli on the table-and the price is feeling the love.
The sagacious analysts, led by one Jonathan Petersen, assert that the surge in hashrate hath had a direct and deleterious effect upon the earnings of these miners. In their missive, they remark, “A hypothetical 1 EH/s fleet of BTC miners would have generated ~$55k/day in revenue during August, compared to ~$58k/day in July and ~$44k a year prior.” This, dear reader, doth illustrate that while profits have improved since yesteryear, the month-over-month trend reveals a mounting pressure from the network’s increasing difficulty. 🧮
Stedas, that indefatigable chronicler of crypto chaos, has once again provided the market with a masterclass in charting the chaos. His analysis of XRP’s weekly chart reveals a bull flag so polished it could serve as a mirror for the Queen’s hat. The “flagpole” of this formation-achieved through a sharp rally-now awaits the “flag” of consolidation, a brief interlude before the crescendo. One suspects the market is merely gathering its wits (and wallets) for a finale that would make Wagner blush. 🎭
BeInCrypto has analysed three such altcoins that could be looking at gains in the coming week. Or, as the British might say, “three tokens with a slim chance of survival.”
Turns out, XRP’s market cap is now bigger than BlackRock and Sony. Yes, THAT BlackRock. The one that manages more money than you’ve ever seen in your life. XRP’s sitting pretty at $182 billion, while BlackRock and Sony are left eating its digital dust at $173 and $174 billion, respectively. Sorry, guys, better luck next bull run! 😘
Brian Armstrong, Coinbase’s CEO and resident crypto philosopher, chimed in with his usual brand of corporate poetry: “We’re exploring a Base network token. It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem. To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it.” 🧐 Translation: “We’re dipping our toes in the pool, but don’t ask if the water’s warm yet.”
Just this past Sunday, the cryptocurrency closed with a plaintive whimper, marking a 4.2% fall to a disheartening low of $0.00001369. But wait-Monday’s dawn brought even darker tidings, as Shiba Inu saw its value plunge by an additional 4.82% to a bleak intraday low of $0.00001297, according to our faithful oracle, CoinMarketCap. It seems volatility is the new best friend of our furry friend!
While the bulls sniff the air with optimism, the bears lurk in the shadows, ready to pounce. Profit-taking whispers echo through the market, and a crucial support level stands as the last bastion of hope. Will it hold, or shall we witness a tragic comedy of errors? 🎭💔
Although these two digital sprites wander the same blockchain fields, they seem to have developed a delightful knack for independence. XRP, that once-mighty titan, finds itself stumbling like a toddler on wobbly legs, while RLUSD maintains its serene demeanor, shining even as its counterpart falters. What a sight to behold! 🎭