Category: Crypto Insights

Shiba Inu Soars 9% amid Shibarium DappStore Launch

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Shiba Inu is no longer a memecoin for the social hype, but a growing ecosystem with real utility. Here’s what you need to know regarding SHIB developments.

 

Shiba Inu, also known as “Dogecoin Killer”, has been in the crypto spotlight following a 9% price surge in the past 24 hours. Per CoinMarketCap, the memecoin has seen a 35.53% surge in trading volume. This follows the launch of the Shibarium Dappstore, aiming to boost its dominance in the digital economy.

Additionally, the network has hit 1 billion Shibarium transactions and a 825% surge in SHIB’s burn rate. A mid these developments, the memecoin has broken a key resistance level on the 4-hour chart, clearing both CHoCH and BOS levels.

 

Source: TradingView on CoinMarketCap

 

The Price is fluctuating around $0.00001394 as SHIB bulls push stronger. With the memecoin’s momentum strengthening, SHIB could be eyeing $0.00001500 as the mid-term target.

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U.S Investors Regain Confidence-A Sign of Thin BTC Resistance Ahead?

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Coinbase Premium remains in a positive territory, signalling heightened investor confidence in Bitcoin’s price uptrend in the following months. 

 

Bitcoin momentum is in favour of the bulls as confidence rises among both large and retail investors. A recent market observation by Cryptoquant has revealed a shift in the market sentiment among U.S investors. According to the data, the recent BTC price reversal and uptrend have boosted investor conviction, thus increasing Bitcoin’s demand in the U.S.

The data explores the Coinbase premium Gap, a measure of the price gap between Coinbase and global exchanges. The Coinbase premium remains positive as of today, suggesting large-scale or institutional interest in BTC in the U.S market.

 

Source: Cryptoquant

 

A sign of thin BTC resistance ahead?

As U.S demand for BTC rises,  the bulls gain strong momentum to break past the previous key resistance levels. Additionally, price uptrend could induce liquidations, fear of missing out (FOMO), and short squeezes, thus fuelling the price to rise higher. With BTC’s momentum gaining strength, the resistance ahead could become thin and negligible.

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partyushgoyal

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ONDO Surges 21% amid THIS Breakout-Is $1.2 Next on the Cards?

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ONDO has broken out of its downtrend to rally behind other recovering altcoins with a 25% price surge as the market sentiment shifts.

 

Ondo Finance, the U.S.-based provider of decentralized finance investment, has seen renewed market interest following a price reversal after months of downtrend. ONDO has gained 21% in price with a 70% surge in 24-hour trading volume. Per CoinGlass data, the coin’s open interest rose 19.92 % amid a positive Open Interest (OI) Weighted Funding Rate.

Looking at the 1-day chart, ONDO’s price has been consolidating inside a descending triangle pattern. On its descending trendline, a breakout above the $0.82 zone has seen ONDO rally towards the $1.0 resistance zone.

 

Source: CoinMarketCap

 

According to  Yovel Crypto Money on CoinMarketCap, despite the price consolidation at the $0.97 zone and momentum exhaustion, ONDO is eyeing the $1.0704 while targeting the $ 1.2 in the mid-term.

As the bulls step in, a high buying pressure could see the coin rally past the psychological $1.0 mark towards $1.2 and beyond. Traders are monitoring the price at the current price for further insights.

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partyushgoyal

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What is Bitcoin Mining and Proof of Work (PoW) Mechanism?

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Bitcoin mining using the proof of work mechanism is significant in securing the bitcoin network, processing transactions and creation of new BTC coins.

 

In the traditional monetary system, central banks play the role of issuing new currency in the form of notes and coins. New crypto enthusiasts or learners find themselves wondering who issues new Bitcoin coins or how BTC transactions are verified on the blockchain.

Bitcoin mining refers to the process of solving complex math puzzles using powerful computers. When a miner successfully solves the current puzzle on the network, a transaction is confirmed, and a new block is added to the blockchain. The miner earns rewards in terms of Bitcoin, which they can hold or sell on the market, thus introducing a new supply of coins. This process is referred to as the Proof of Work (PoW) mechanism.

By incentivizing miners with rewards, the Bitcoin network can keep itself fair, secure, and decentralized. PoW mechanism rewards miners for spending real computing power and energy. This keeps the network secure and running smoothly at all times.

Anyone with the necessary computing power can join the network from anywhere around the globe. This fairness makes crypto borderless, fair, secure, and an advocate of financial inclusion for all.

 

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partyushgoyal

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Whale Accumulation: Assessing BTC Corporate Buys and Market Impact

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Governments and institutional whales have been diving deep into bitcoin and other cryptocurrencies over the past month. Is this FOMO or new trust in crypto?

 

Large-scale Bitcoin acquisition race is accelerating as major corporations from Asia to Wall Street seek a hedge against economic uncertainties. The fear of missing out (FOMO) on the “digital gold” and favorable crypto policies under President Trump’s administration could be fuelling corporate stacking of BTC.

 

Additionally, following the recent trade war and stock market crash, institutions have been forced to consider digital assets for portfolio diversification. As a result, the market has seen major corporate buys in the past 24 hours. The following are key market developments of the day;

  1. Metaplanet, nicknamed “Japan’s Microstrategy,” has added $13.4 million worth of BTC, making its stash hit 5,000 BTC valued at $460 million at an average buy price of $89.9k.
  2. BlackRock, the biggest asset manager globally, has scooped 6,890 BTC worth $ 643.2 million in the latest of its several buys.
  3. HK Asia Holdings is raising HK$65M ($ 8.3 million) to quench its appetite for BTC reserves.

 

The corporate buys suggest long-term investor conviction and a bullish signal for the market. Some influential figures have argued that this could be the last year for investors to buy Bitcoin under $100k. This comes into consideration of BTC’s rising demand against its capped supply of 21 million coins.

 

 

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Ethereum On-Chain Activity Surges Nearly 10% in 48 Hours

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Ethereum active addresses have jumped from 306,211 to 336,366, a 9.85% surge in the past 48 hours. Is this a sign of renewed investor interest?

 

Ethereum has seen its price fall to a 2-year low as of April 2025. In the past week, Scoopist noted that the king of altcoins was hitting the oversold zone as prices plunged.

Cryptoquant data has revealed a surge in Ethereum’s active addresses, signalling market activity. According to the on-chain metrics, ETH’s active addresses jumped from 306,211 to 336,366 in the past 48 hours, reflecting a nearly 10% increase.

 

Source: Cryptoquant

 

What does this mean for ETH?

ETH has surged notably amid the rising on-chain activity, hitting the $1800 mark. A sudden rise in active addresses could signal more than just renewed investor interest. This could be a sign of whales buying the dip, considering ETH was oversold.

Despite the current price volatility, this could suggest Ethereum’s rebound is imminent as the bulls take charge. Traders are closely watching the coins’ on-chain activity to determine their next moves.

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AAVE: What’s Next for Aave after THIS Breakout?

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Aave has broken out of its falling wedge pattern on the daily timeframe. With a high trading volume and price upsurge, what’s the next target?

 

In the past 4 months, AAVE’s price has been consolidating in a falling wedge pattern on the daily chart. In the last 24 hours, Aave has surged nearly 9% with a 39.56% increase in trading volume, at press time, per CoinMarketCap data. This follows a breakout above the $135 resistance zone on its descending trendline.

 

Source: X

 

As of this writing, Aave was trading at $166.13, with the short-term and mid-term moving averages flashing “buy.”  While Aave could be eyeing the psychological $200 key resistance zone, Crypto analyst Adam Horton has predicted $312 as the coin’s long-term target.

With the 24-hour Relative Strength index standing at 59 and open interest rising by 10.8%, the market shows bullish momentum and has more potential for buying. Traders are closely watching AAVE’s next move following this breakout.

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Bitcoin’s Path to $100K-Here is What You Should Know

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Bitcoin is flashing signs of momentum strength amid rising institutional and retail demand. With the psychological $100k mark on the cards, what can you expect?

 

Bitcoin’s path to $100,000 is not just a psychological relief or symbolic milestone for crypto enthusiasts, but also a minefield for BTC’s short sellers. Recent Coinglass data has revealed a key liquidation pool lying ahead as bulls rally for the $100k mark.

 

According to the data, if Bitcoin rallies to reclaim this six-figure mark,  short positions worth $1.76 billion across exchanges like OKX and Bybit will be instantly wiped. A breakout above this level could ignite further liquidations of over-leveraged bearish positions.

 

Source: Coinglass

 

The exchanges mentioned above hold significant bearish trades around this level, and a brutal short squeeze could result as bears seek cover. With high buying pressure from them, this could fuel BTC’s price even higher to a new all-time high. Traders are closely watching the $100 mark in anticipation of volatility fireworks.

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Trump to Host “TRUMP Dinner” for Top TRUMP Holders.

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The memecoin frenzy is soaring high as U.S President Donald Trump plans to host a dinner for the top 220 holders of his memecoin.

 

In an unexpected turn of events, memecoin holders in the crypto market are overwhelmed with anticipation following Trump’s announcement. According to the official TRUMP coin website, the U.S president will hold a dinner with the top 220 holders of his memecoin.

 

TRUMP coin skyrockets ahead of the most exclusive Invitation

Following this announcement, Trump’s memecoin has seen a huge price pump in a few minutes, hitting $14.06 with a 200% increase in trading volume, at press time, per CoinMarketCap data.

 

 

While traders enter positions and pump the memecoin’s price higher, the market is anticipating the President’s dinner inspired by the memecoin mania. This message comes as a surprise to crypto enthusiasts hoping to see crypto adoption and growth in mainstream finance. It is a clear sign of crypto’s growth and integration with the political world.

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Bitcoin Buyers Dominate: Net Taker Volume Hits $62M on Binance

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Bitcoin is flashing a major bullish signal, indicating heightened demand, while exchange reserves are declining. Could this catalyze a new BTC all-time high?

 

Bitcoin could be poised for a major bullish rally in the next few weeks due to its market dynamics. A look into bitcoin’s demand, a current market development, has ignited the fear of missing out (FOMO). Bitcoin’s monthly net taker volume has surged to $ 62 million on the Binance exchange.

The net taker volume is key to measuring the difference between BTC’s market buy and sell orders. Positive values indicate the bulls are in charge, while negative values signal selling pressure. Using this metric and the exchange reserves metric, traders can gauge Bitcoin’s demand and supply to determine their entry positions.

 

Source: X

 

With Bitcoin’s net taker volume skyrocketing, the market signals strong bullish momentum and potential rally towards the psychological $100K mark in the mid-term. With exchange reserves hitting their historical low, the demand is rising against a low BTC supply. Bitcoin could be geared up for a new all-time high soon.

 

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