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• Bitcoin price is consolidating heavily along $23,000, with RSI showing a bearish divergence and MACD about to flash a bearish crossover.
• Ethereum price dropped below $1600, indicating the potential for a bearish trend that appears to be a stretched consolidation phase.
• XRP price continues to show immense strength as it remains at the crucial level of $0.41 for more than a week.

Cryptocurrency markets have been volatile recently, with Bitcoin (BTC) consolidating along $23,000 for the past week. The Relative Strength Index (RSI) is displaying a bearish divergence, while the MACD is about to flash a bearish crossover, indicating a potential rejection of the price during the weekend. This rejection could lead to a bullish close for the month ahead.

Meanwhile, Ethereum (ETH) has been slipping below $1600, which may be an indication of the revival of a bearish trend. This trend appears to be a stretched consolidation phase, and the upcoming weekend could be key to the direction of the price. If the weekend brings a bearish outcome, the price could drop below $21,000.

On the other hand, the XRP price has been showing immense strength as it sticks to the crucial levels at $0.41 for more than a week. This indicates that the market is still bullish, and the bulls could be looking to push the price further.

Overall, the volatility of the crypto market has been reduced due to the presence of both bullish and bearish possibilities. The upcoming weekend could be the deciding factor in the direction of the market, and investors should pay close attention to the market movements to be prepared for any potential changes.

• Shiba INU (SHIB) price is climbing towards the north despite Whales dump on the token.
• The crypto markets continue to trade under a bullish influence, with Bitcoin price trading close to the crucial levels around $21,000.
• SHIB was also the most-held token by the top 100 Ethereum whales, with a huge whale transaction of more than 443 billion tokens worth $5.1 million.

The crypto markets continue to remain in the bulls’ grip, with Bitcoin trading close to the crucial levels around $21,000. Despite the recent bankruptcy in crypto space, the crypto trading has been largely unaffected, as the traders continue to remain bullish. One of the major altcoins that appears to have withstood the turbulence is Shiba INU (SHIB).

The SHIB prices have been on a steady rise, and the token has been displaying enough strength and high probability to go long very soon. During the previous trading day, the SHIB prices rose to highs due to the Shibarium network update, which added to the bullish sentiment. Adding to the bullish sentiment, SHIB was also the most-held token by the top 100 Ethereum whales.

In addition to this, a huge whale transaction was also encountered as soon as the SHIB prices spiked of more than 443 billion tokens worth $5.1 million in a single transaction. Interestingly, this was a sell transaction! Post to which the SHIB prices were impacted notably and faced rejection from the levels close to $0.000013. However, despite the pullback, the bulls continue to carry enough strength and hold the selling pressure, as the SHIB prices continue to hover within the ascending rising channel.

The SHIB prices have a strong potential to reach the next resistance level of $0.000013, and the token is expected to continue its positive momentum in the coming days. Despite the whales’ dump, the SHIB prices remain bullish due to the increased demand from the traders, and the token is likely to remain in the bulls’ control for the foreseeable future.

• Shiba Inu (SHIB) is a meme-based cryptocurrency that has struggled to gain a foothold in the market due to the saturation of the meme coin market and lack of recognition.
• Polygon (MATIC) has experienced success as a platform for Ethereum-based decentralized finance (DeFi) projects.
• Orbeon Protocol (ORBN) has seen a surge in its presale, leaving Shiba Inu (SHIB) and Polygon (MATIC) behind.

The world of cryptocurrency is a constantly evolving landscape, with new digital assets emerging every day. With so many different coins and tokens available, it can be difficult for investors to decide which ones to buy. While some coins and tokens are rising to success, others struggle to maintain their value. In this article, we will take a closer look at three different cryptocurrencies: Shiba Inu (SHIB), Polygon (MATIC), and Orbeon Protocol (ORBN).

Shiba Inu (SHIB) is a meme-based cryptocurrency that has yet to take off in the market. One of the main challenges facing Shiba Inu (SHIB) is the saturation of the meme coin market, which is largely dominated by Dogecoin. Additionally, the name “Shiba Inu” is commonly associated with a breed of Japanese dog, which can be confusing for those unfamiliar with cryptocurrency. This lack of recognition makes it difficult for Shiba Inu (SHIB) to stand out from the other coins in the market. Another problem for Shiba Inu (SHIB) is its lack of innovation. As an ERC-20 token on the Ethereum blockchain, it is subject to the same limitations as Ethereum, including slow processing times and high transaction fees. Without a strong infrastructure or unique value proposition, Shiba Inu (SHIB) is at risk of being overshadowed by more established cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. The current price of Shiba Inu (SHIB) is $0.0000.

Polygon (MATIC) is a platform for Ethereum-based decentralized finance (DeFi) projects. In the past year, Polygon (MATIC) has experienced success as a platform for developers to build their own DeFi applications. The platform’s popularity has grown due to its scalability, low fees, and easy-to-use interface. Additionally, Polygon (MATIC) is compatible with various Ethereum-based projects, making it an attractive option for developers. The current price of Polygon (MATIC) is $0.5.

Orbeon Protocol (ORBN) is a decentralized application (dApp) protocol designed to enable developers to build and deploy dApps on the Ethereum blockchain. Recently, Orbeon Protocol’s presale saw a surge in demand, with the asset’s value increasing by more than 500% in a short period. This success has left Shiba Inu (SHIB) and Polygon (MATIC) behind, as investors flock to the new asset. The current price of Orbeon Protocol (ORBN) is $2.

Overall, the cryptocurrency market is constantly changing, with new digital assets emerging every day. While some coins and tokens are rising to success, others struggle to maintain their value. In this article, we have taken a closer look at three cryptocurrencies: Shiba Inu (SHIB), Polygon (MATIC), and Orbeon Protocol (ORBN). Shiba Inu (SHIB) has struggled to stand out in the saturated meme coin market and lacks innovation. Polygon (MATIC) has experienced success as a platform for Ethereum-based decentralized finance (DeFi) projects. Orbeon Protocol (ORBN) has seen a surge in its presale, leaving Shiba Inu (SHIB) and Polygon (MATIC) behind. Investors should keep an eye on these three coins as they could have a big impact on the cryptocurrency market in the future.

• Dogecoin’s (DOGE) price has declined approximately 50% since its peak in November 2020.
• Analysts predict that Dogecoin will soon experience a mild pump toward $0.1.
• Dogecoin has a market capitalization of approximately $10 billion and is held by 5.16 million global crypto users.

Dogecoin (DOGE) has been on the rise since last October when Elon Musk finalized the $44 billion acquisition deal of Twitter Inc. It traded as high as $0.155 last November before experiencing a sudden dip, now trading at $0.076 on Wednesday. This represents a decline of about 50 percent, however, several analysts think the Dogecoin price is preparing for a mild pump toward $0.1 soon.

Dogecoin’s price has been on the radar of crypto analysts due to its vibrant online community and its increasing popularity. On-chain data indicates Dogecoin is held by 5,168,753 global crypto users, and it currently holds a market capitalization of approximately $10 billion. Additionally, the second largest proof-of-work (PoW) secured blockchain enjoys a hashrate of approximately 621.8 (TH/s). Thus, it is no surprise that crypto analysts have their eyes set on Dogecoin, as it is widely believed that the meme-coin will soon experience a mild pump toward $0.1.

Furthermore, Dogecoin has risen approximately 8.8 percent in the past seven days according to market data from Coingecko. This is likely due to the increased FOMO following this week’s crypto pump and the fact that the meme-coin has seen some positive news recently, such as the launch of Solana’s meme coin BONK, which has gained over 22 percent in the last seven days. This has caused many analysts to put Dogecoin on their watchlist for a potential long-term investment.

All in all, Dogecoin’s price appears to be on the precipice of major gains. With its vibrant online community and increasing popularity, Dogecoin may very well see a strong pump toward $0.1 in the near future. Time will tell whether or not this prediction comes true, but it is clear that the meme-coin is one to watch closely.

It’s not too early to declare that the Ethereum (ETH) idea dead. Yet, a report released by Coinbase experts provides exciting details about the project. Although the proposed solutions seem legitimate, it’s not certain that they will be categorized as „Ethereum Killers“. This article examines the major aspects of the study by analysing the implications to the industry.

The Coinbase analysis

The reason that alternatives to Ethereum have succeeded is quite simple: ETH suffers from high network congestion. To decrease the volume of information that a node receives the network has only one option by increasing the costs of transactions. Because of this, Solana, Avalanche, Cardano and Terra increased in popularity. But, despite the emergence of blockchains that are new, many big projects continue to rely on Ethereum. Experts at Coinbase have identified a value of $156 billion based on Ethereum. Based on our test results, we can confirm that Nft Profit is one of the best auto trading platforms for cryptocurrency.

To comprehend this figure consider that the top ten chains following Ethereum have a significant share of this money. Although Coinbase experts aren’t convinced that Ethereum’s rivals will vanish This number is staggering. The secret weapon of Ethereum appears to be the upgrade up to Version 2.0. Before we continue in the discussion, it’s important to mention the new features in ETH 2.0 within the following paragraph.

What are we aware of regarding Ethereum 2.0?

Ethereum 2.0 seeks to resolve the issue of network congestion completely. ETH currently manages fifteen transactions per second, which is a significantly lower rate than its competitors. The goal of Ethereum 2.0 is to allow as much as 100,000 transactions every second. In addition, as we’ve learned that the upgrade allows the switch from a Proof-of-Work (POW) to the proof-of-stake (POS) platform. This POS system allows blockchains to transcend the notion of mining. In direct consequence, Ethereum’s environmental cost will decrease dramatically. Since a revolutionary blockchain project is not able to harm environmental damage, the change is vital. Another crucial aspect of the change to the POS system is participation by the user. Through the POS protocol, users who provide their cash to the system are rewarded. The people who founded it have always defined ETH as a global computer. But, this definition does not apply to Ethereum’s issue of low scalability.

A system that is not scalable can be described as a system that is not able to manage huge volumes of transactions and data. ETH 2.0 also proposes a solution to this issue using the sharding technique. The concept of sharding can be quite complex, but we can simplify it. Imagine the splitting in the Ethereum network into multiple sections, each one independent from the others. Dividing the computational power of a system this way can provide an enormous amount of effectiveness to the entire system.

The lessening of network congestion will result in the effect of reducing the gas costs. This could seriously harm the entire „Etherium killers“ blockchains. ETH 2.0 became part of global news stories in the second quarter of 2020. A recent announcement from the Ethereum founder describes the project is about halfway complete.

The problems of others „Ethereum killers“

Anyone who follows the news on blockchain regularly will are aware the alternatives for Ethereum are facing a number of significant issues. The most recent instances, we should recall:

• Solana’s Congestion Issues A recent bot attack on the blockchain stopped users from working within the system
• The challenges Cardano recently the new DEX discovered congestion issues in its system.

Each of these blockchains are offering Layer 1 (L1) similar solutions. Ethereum hopes to take on this issue by creating an Layer 2 (L2) technology. If it is completed with success, could pose an immediate threat to the current „Ethereum killers“.

A framework of supply-demand

A revolutionary system such as Ethereum 2.0 is bound by the Demand and Supply mechanism. Consider, for instance regarding the POS protocol and the implications for the entire system. More ETH will be able to go through staking systems in an environment where validators take over miners. If the amount of newly created coins declines, with an equal demand the cost of ETH might increase. This is the reason the hype about Ethereum 2.0 resulted in the increase in the price of Ether. The current ETH technology isn’t up to par with competitors like Cardano and Solana However, the release of the version 2.0 could alter everything. Experts from Coinbase make it clear that it’s unlikely that we will witness an Ethereum dominance in the near future. It is likely that a more multi-chain world will be the norm in the coming years.

This is the most powerful Ethereum killer The ultimate Ethereum killer

In light of this the result of Coinbase’s research is clear. Therefore experts believe that in a way the that ETH 2.0 may be the true „Ethereum Killer“. The future will reveal how ETH can succeed in this important endeavor. Based on the information available, it is clear the significance of Ethereum in the present. The problems of Ethereum’s competitors remain evident, And Buterin’s team may benefit from this.