Analysis News TheBitTimes.com

A crypto strategist holding a “Master Trader” rank on the crypto exchange Bybit says one Solana (SOL)-based memecoin looks poised to have a strong week despite the latest correction. Pseudonymous analyst Bluntz tells his 278,100 followers on the social media platform X that Bonk (BONK) looks to be in the midst of a five-wave surge. Bluntz is a popular practitioner of the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally. The trader shares a chart suggesting that BONK will rally to as high as $0.000033. “Swift post weekly dip here which is ideal, BONK in prime position for a turbo green week, in my opinion.  Parabola soon.” Source: Bluntz/X At time of writing, BONK is trading for $0.000024, up from its 24-hour low of around $0.0000216. The trader also shares a chart comparing the price performance of BONK against fellow memecoin Pepe (PEPE). According to Bluntz, BONK looks primed to outperform PEP...

Macroeconomic policies have recently played a significant role in driving bullish trends for Bitcoin. This week, BTC experienced a notable increase following important interest rate announcements from both the Federal Reserve and the Bank of Japan. After the U.S. Fed revealed a rate cut, Bitcoin surged by more than 11% by the end of the week, surpassing $62,000 for the first time this month. Meanwhile, altcoins are showing signs of stabilization, exhibiting a higher low pattern that indicates reduced selling pressure. With key price support levels now in place, altcoins appear to be transitioning into a period of low-volume, range-bound trading. This shift could signal the start of a gradual upward trend for the wider altcoin market. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar , which requires time and effort. 6 Best Cheap Crypto to Buy Now Under 1 Dollar Rollbit Coin (RLB) is currently valued ...

Traders have been seeking out the recently released Saga phone in order to secure an airdrop of the dog-themed BONK token offered to phone owners. The value of the airdrop of the token offered to Saga buyers has exceeded the cost of the phone itself. The BONK token is a “community” token that’s also branded as a “utility” token . It seems to have no utility beyond its ability to be traded and transacted.  Despite this project’s apparent importance, its governance functions are effectively ignored. Eight individuals voted on the last three proposals — the minimum required for them to be accepted.   lol. just so everyone is aware, @ Solana mobile saga sales have >10x'd in the past 48 hours, and are now on track to sell out before the new year.https://t.co/SzKht4DTYL — raj (@rajgokal) December 14, 2023 Read more: Solana Saga: The DeFi phone you don’t need Over one-fifth of the BONK supply for this project is reserved for 22 indi...