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Showing posts with the label trend

Weekly Cryptocurrency Market Analysis: Altcoins Continue Their Uptrend But Are In An Overbought Condition

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Oct 08, 2023 at 09:38 // Price Author Coin Idol Weekly crypto currency Analysis of Trust Wallet Token, Solana, Avalanche, Render and Stacks brought to you by Coinidol.com. The moving average lines have been broken by cryptocurrency prices, indicating that an uptrend is about to resume. The resistance levels and the overbought condition of the market make it difficult to move higher.  Trust Wallet Token Trust Wallet Token (TWT), which saw a price decline on June 10, is currently moving sideways. The downturn ended on June 10, when the crypto curren...

Price Increases In DOGE Indicate An Uptrend

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Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) is making waves in the financial world as crypto enthusiasts and investors explore its potential to reach $0.50 in 2023. Investors are paying close attention to Dogecoin’s recent performance as its popularity continues to rise, and crypto enthusiasts are curiously waiting to see if it can keep growing. Dogecoin has turned into a significant financial asset In 2013, Dogecoin was created as an internet joke. But nobody anticipated its meteoric rise in the cryptocurrency market. The coin’s logo was designed by software programmers Billy Markus and Jackson Palmer, who were themselves inspired by a Shiba Inu dog internet meme. In 2020, Tesla, SpaceX, and Twitter CEO Elon Musk tweeted about Dogecoin, which became popular. Should Elon change Twitter’s logo back to $DOGE pic.twitter.com/DY0jwt0La9 — DogeCoin Ride (@DogecoinRide) May 4, 2023 Musk’s tweet boosted Do...

NFT marketplace tokens soar in 2023, and Blur’s recent airdrop may extend the trend

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NFT marketplace tokens are gaining the market’s attention and Blur’s recent airdrop could extend the trend. Cumulative NFT trading volume trended higher in January and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion. The key factor that influenced NFT trading was Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 p.m. EST. Many users have tried to farm these airdrops, increasing the platform's trading volume. Since the start of 2023, Blur’s trading volume has surpassed that of OpenSea, the market leader in the NFT trading space. NFT Marketplace market share by 7-day volume. Source: Dune Airdrops often create excitement in the market of thrilled users who receive free money and FOMO from those who missed out. It’s likely that the next step for the Blur team will be to launch new liquidity mining campai...