The token decided to burst from its slumber at precisely 01:00 UTC, cruising on a massive wave of 1.64 million units—29% above the daily average. CoinDesk Research’s technical analysis model must be feeling mighty proud right now! 🏆
In a recent social media rant, the richest known crypto mogul (let’s just call him CZ because, duh, coolness) claims that Bitcoin is just frolicking on the surface of its true worth. I mean, it’s like being excited about getting a free sample of kale when you know the whole salad bar is calling your name! 🥗
💡 “Our analysis suggests the ETH network is undervalued,” Jackson said in a series of X posts on Sunday. “Ethereum is quietly becoming the dominant rail system to transact in crypto with deflationary economics.”
Crypto liquidation is like a game of musical chairs, but with a twist. Traders bet on the price falling, and when the token goes against their bet, they get forcibly removed from the game. In the past couple of hours, more than $200 million in shorts were liquidated, which further pushed the price higher. 📈
The 50-, 100-, and 200-day moving averages are among the major moving averages that Ethereum is currently holding well above. Healthy trending markets exhibit this alignment with the longer-term moving averages serving as dynamic support during declines. After rising above 70, the Relative Strength Index (RSI) has entered overbought territory. RSI can stay extended for longer than anticipated in robust bull markets, even though this raises the likelihood of short-term profit-taking. It’s like a marathon runner who’s so full of energy, they keep sprinting even when they should be pacing themselves.
Imagine, if you will, a world where XRP, the darling of the crypto world, could process up to 20% of SWIFT’s transactional volume. This is not just a pipedream, my friends, but a tangible reality that is slowly but surely coming into focus. With institutional traction on the rise, market momentum building, and rapid adoption, the future looks brighter than ever for our intrepid XRP. 🌟
Check out this chart from MacBTC 📊. PENGU’s been chillin’ beneath a major resistance zone for a hot second, but now it’s breaking free 🚀. The momentum indicators are all like, “Hey, we’re good to go!” and the rising RSI on the 3D chart is all, “Yaaas, let’s do this!”
ICO. Just saying it gives me the cold sweats. Remember 2017? The wild west of cryptocurrencies, where every altcoin promised you the moon and delivered, well, a hard kick instead. 🚪🔥 While some people are optimistic about ICOs making a comeback, others have the foresight of a raccoon on a break. 🚧 They’re calling it the “bubble” renaissance, all while comparing it to the Bitcoin treasure hunt that’s still going on.
Not content with just boosting PENGU, Sun also shared some “hot” TRON gossip: measures to lower gas fees and make the TRON network more competitive. Talk about multitasking! 💼💥
But let’s not get too comfortable, folks. This week is shaping up to be a rollercoaster ride as the U.S. releases its consumer price index data and the earnings season kicks off. And if that’s not enough excitement for you, U.S. politicians are having their very own Crypto Week, where they’ll be discussing the GENIUS Act, the CLARITY Act, and an anti-CBDC bill. Because what else do you do with your time in Washington, D.C., if not argue about digital money? 🏛️💰
