Chain News by Thebittimes.Com

The Bitcoin price plunged 5% in the last 24 hours to trade at $61,489 as of 11:58 p.m. EST on trading volume that surged 14% to $45 billion. The dive followed economic data in the US that showed hiring slumped, while unemployment rose for a fourth month in July, stoking fears that the Federal Reserve may have waited too long to start lowering interest rates. Some Fed watchers are now concerned that the central bank should have decided at a meeting this week to lower rates for the first time in four years. This could have allowed them to get ahead of a slowing US economy without risking it tipping into a recession. Bitcoin Price Bearish – Could The Bulls Stage A Trend Reversal? The Bitcoin price continued with the bearish trend, dropping below the 200-day Simple Moving Average (SMA) according to our Analysis yesterday, dropping to $60,640. BTC now trades below the lower boundary of the falling channel and below the 50-day and 200-day SMAs, which support the bearish stance. ...

The regular presale phase of the AI trading meme coin WienerAI initial coin offering may have ended, but there is still time to snag the token before it is listed on exchanges. $WAI lists on top-tier exchanges on Monday 5th August, according to an X post from the team. However, even though the presale-proper has ended, the accommodating team at WienerAI, in order to satisfy persistent demand, has allowed latecomers to still buy the token. Priced at $0.00075, this atypical meme coin has raised over $9 million from salivating investors attracted by its artificial intelligence trading use case.  Meme coins remain the most popular sector of the crypto market as buyers hunt for 100x return potential. However, those coins that stand out from the crowd have the best chance of becoming return-on-investment winners. As the crypto market retraces under pressure from the Mt. Gox distribution to creditors, investors are looking favorably on projects such as WienerAI, ...

The Dogwifhat price plunged over 11% in the last 24 hours to trade at $2.03 as of 12:40 a.m. EST as investors offload their holdings in the meme coin on the market. With this recent pull back, the WIF price is also in the red by more than 19% on the weekly timeframe and 11% over the past month. The Dogwifhat Price At A Crucial Point 4-hour chart for WIF/USD (Source: GeckoTerminal ) The Dogwifhat price is testing the critical support level at $2.0233. Should the crypto fall below this point, it might stand the risk of falling to the next key mark at $1.7192 in the following 24 hours.  On the other hand, WIF closing the next three 4-hour candles above $2.0233 could invalidate the bearish thesis. In this alternative scenario, the meme coin might attempt to flip the $2.3272 resistance level into support. Overcoming this technical barrier could then give the Dogwifhat price the space needed to rise to as high as $2.6162 in the short term. Technicals Suggest The Dogwifhat Price ...

Popular crypto YouTuber Austin Hilton reviewed Pepe Un chain ed, which recently surpassed $6 million in presale, fueled by excitement over its layer-2 (L2) block chain . L2 is a technology built on the Ethereum network to enable faster, cheaper transactions, making Pepe Un chain ed the first Pepe token on its own chain . With its presale’s success, the growing interest in meme coins reveals their potential to disrupt traditional financial systems and the market’s hunger for innovative projects that deliver genuine utility alongside their meme appeal. Pepe Unchained – Advancing Meme Coins Through Layer-2 Efficiency and High Staking Rewards Given the strong demand for meme coins, Pepe Un chain ed is setting itself apart with an innovative approach to address the limitations of typical utility-less tokens. The project will introduce its own L2 block chain , fully compatible with Ethereum but offering notable advantages. While Ethereum meme coins often face high tradi...

The Neiro price plummeted 46% in the last 24 hours to trade for $0.01743 as of 09:30 a.m. EST. The NEIRO token’s dump comes amid controversy over insider buying, with reports that the project’s developer made up to 5,169X profit. On-chain detective Lookonchain reported that the developer initially invested 3 SOL worth $552 to purchase 97.5 million Neiro tokens. The developer then sold 68 million Neiro tokens for 15,511 SOL, equivalent to approximately $2.85 million. This happened on multiple wallets, achieving a realized profit of 15,508 SOL ($2.85 million), representing a gain of 5,169 times the initial investment. The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!😱 He spent 3 $SOL($552) to buy 97.5M $Neiro when deploying $Neiro. Then he sold 68M $Neiro for 15,511 $SOL($2.85M) through multiple wallets, with a realized profit of 15,508 $SOL($2.85M).… pic.twitter.com/0PBP6gpJ0e — Lookonchain (@lookonchain) July...

The Mumu The Bull price is up 150% on the weekly timeframe after a 34% surge in the past 24 hours to trade at $0.00009144 as of 7:25 a.m. EST. With this meteoric rise, the MUMU price was able to establish a new all-time high of $0.0001002. Since reaching this peak earlier today, the meme coin has pulled back 7%.  The Mumu The Bull Price Trying To Flip A Major Resistance 4-hour chart for MUMU/USD (Source: GeckoTerminal ) The Mumu The Bull price was able to break above the resistance level at $0.00008212 in the last couple of hours, and is now attempting to flip the barrier into support. If MUMU closes a 4-hour candle above this mark within the next 8 hours, it could have the foundation needed to keep climbing in the next 12 hours. The crypto might then rise to as high as $0.00011345. On the other hand, the Mumu The Bull price getting rejected by the $0.00008212 resistance level could invalidate the bullish thesis. In this alternative scenario, MUMU stands the risk of testing...

The Brett price surged 9% in the last 24 hours to trade for $0.1304 as of 01:15 a.m. EST. BRETT’s pump comes as the meme coin sector recovers after a rough week. Brett Price Prediction The Brett price is between a rock and a hard place, confined between two boundaries. To the north, it faces resistance due to a descending trendline, while southwards, it struggles to hold above an ascending trendline. Looking at the Relative Strength Index (RSI), which shows price momentum, the meme coin is borderline bearish. The RSI’s position below 50 suggests weak momentum, whereas its inclination to the north shows the bulls trying to increase their buying pressure. Nevertheless, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, which means selling pressure exceeds buying strength. As a result, the Brett price is likely to drop before a possible recovery. The red histograms of the volume profile accentuate this stance, suggesting bearish se...

As the meme coin sector matures, there’s an increasing emphasis on utility and long-term sustainability. Projects strive to offer more than just speculative value, incorporating Features like staking, governance, and real-world use cases to ensure longevity in the competitive crypto market. Community engagement remains a crucial factor in meme coin success. To maintain user interest, many projects incorporate governance mechanisms, play-to-earn Features , and social media campaigns. The integration of meme coins into Decentralized Finance (DeFi) platforms has also expanded, offering staking and yield farming opportunities.  Top Trending Meme Coins To Buy Now  Hawk Tuah is a Solana-powered meme coin, and with a recent 42.57% price jump, it is attracting investors’ attention. Pepe’s hopping back into the spotlight, giving those dog coins a run for their money. With no presale, no taxes, and just pure meme power, Pepe’s looking mighty tempting.  ...

The Ethena price surged 10% in the last 24 hours to trade at $0.48 as of 03:51 a.m. EST on trading volume that skyrocketed 84% to $193 million. This comes after spot Ethereum ETF (exchange-traded funds) products debuted in the US to robust investor interest, sucking in $107 million in net inflows. Meanwhile, Ethena has announced plans to allocate a portion of its $235 million USDT stablecoin collateral and $45 million surplus reserve into yield-generating real-world asset (RWA) offerings. The move is seen as a means to diversify its investment portfolio and enhance returns for its investors. From July 20, the price of Ethena went through a retrace to find support at around $0.42, according to data from GeckoTerminal . After the ETH ETFs debuted, ERC-20 tokens have seen massive gains, with ENA soaring from the $0.42 support to climb up, forming a rounding bottom pattern on the last day. Ethena Price To Continue Surging Over The Rounding Bottom ENAUSD Chart Analysis Source...

The non-fungible token market keeps on showcasing potential signs of revival, with its trading sales volume now surging for the third consecutive week. The global NFT market has soared over 10% in trading sales in the past seven days, signaling a potential rebound from recent lows. NFT Sales Soar 12% In The Past 7 Days Data compiled by CryptoSlam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, indicates that the global non-fungible token market has surged again this past week. In the past seven days, the global NFT market has recorded a trading sales volume of $112 million, representing a 12% rise from the previous week. In the same period, the number of investors buying non-fungible token collections increased by 80% this past week. In the past seven days, the global NFT market has seen more than half a million collectors buying NFTs, pushing the number of NFT transactions above 2.7 million. Ethereum, the blockchain network powering...