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Although the larger part of the cryptocurrency sector has entered calmer waters, Dogecoin (DOGE) included, the popular doge meme crypto asset may still make a massive surge in the near future, considering it has just closed its first bullish monthly candle on the supertrend since 2021. Specifically, pseudonymous crypto analyst Mikybull Crypto has observed that Dogecoin has flipped bullish on a monthly close for the first time since 2021, expressing the view that its future “is going to be explosive,” according to the X post published on April 1 and shared by Bitcoinsensus on April 2. Dogecoin price action analysis. Source: Mikybull Crypto Dogecoin price prediction 2024 More recently, the crypto market specialist pointed out that DOGE was recording a breakout of accumulation above $0.18468, and was “currently on retest for full send” upward, adding that “$1 is a magnet target,” according to the Analysis shared in an X post on April 2. Picks for you NAVI Protocol’s...

Dymension’s mainnet launch and genesis rolldrop drive DYM price up by 40% to $5.59. The strategic airdrop targets diverse blockchain communities, offering $390M worth of DYM tokens. Dymension’s RollApps infrastructure revolutionizes dApp deployment with flexibility and scalability. Dymension, an innovative blockchain network, has successfully launched its mainnet, marking a significant milestone in its journey towards empowering developers worldwide. Leveraging Cosmos technology and the Inter-Blockchain Communication (IBC) protocol, Dymension recently launched Rollup, a cutting-edge platform for creating application chains known as RollApps. The mainnet activation has paved the way for the introduction of the highly anticipated “ genesis rolldrop ,” a strategic initiative aimed at engaging early users and select communities. Dymension (DYM) price reaction Following the mainnet launch and the announcement of the genesis rolldrop, th...

In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. He proposed that Bitcoin (BTC) will likely mirror the rise in dollar liquidity, anticipating a positive trajectory in its price. The displayed chart illustrated the net variations in RRP and TGA balances, indicating a possible link between heightened liquidity and the positive movement of Bitcoin. Getting my feet did and observing how Bad Gurl Yellen is busy pumping financial assets. Don’t get dis...

Hoskinson is eyeing a collaboration with Kraken for a Layer-2 network Kraken wants to follow Coinbase’s move to launch a Layer-2 blockchain. Memeinator presale continues to gather steam with $1,303,398 raised so far. In a strategic move within the dynamic landscape of the cryptocurrency sector, Charles Hoskinson, the visionary founder of Cardano Blockchain, has hinted at a potential partnership with Kraken, a prominent US cryptocurrency exchange. The primary objective of this alliance is to jointly develop a cutting-edge Layer-2 (L2) blockchain network. Kraken is actively seeking a proficient blockchain developer to enhance its technological capabilities, aligning with the industry trend of expanding into blockchain technology development. The pursuit of launching its own Layer-2 network positions Kraken to tap into new revenue streams and strengthen its position in the evolving digital currency landscape. Kraken’s Layer-2 aspirations and indus...

Tether USD (USDT) is the leading stablecoin in the cryptocurrency market and acts as the main fiat ramp to cryptocurrencies. USDT’s high liquidity and adoption as a fiat ramp make it an important indicator of overall interest in crypto. Anticipating a remarkable bull run in the last weeks, USDT saw a massive increase of $1.59 billion in market capital ization in a month. Moving from a $83.43 cap on October 3 to a $84.93 market cap on November 2. Notably, the 24-hour registered volume also increased from $32.69 billion to $45.41 billion at the time of publication. Tether USD (USDT) 1-month market capitalization. Source: CoinMarketCap Interestingly, last week’s surge was one of the most meaningful capital inflow to Tether USD in the period. USDT market cap increased by more than $500 million in the last seven days, for 31% of this month’s inflow in dollars. The volume benchmark also indicates a more liquid market by press time than it was one week ago. Tether USD (USDT) 1-we...

The BRC-20 token standard utilizes Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens. A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain. Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high (ATH) of 31,692 on March 9 by 83.5% according to Dune Analytics data. The surge is believed to be driven by the recent creation of " Bitcoin Request for Comment" (BRC-20) Tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March. Daily count of Ordinals inscriptions shown in green. Source: Dune Analytics While Ordinals are nonfungible token (NFT)-like “digital artifacts” which carry data in the form of text, JPEG images, PDFs, video and audio formats on the Bitcoin network, the BRC-20 token standard utilizes Ordinal inscriptions to deploy token contracts, m...

The possibility of hosting Bitcoin NFTs on Stacks pushed STX price to new yearly highs, but there are concerns on whether the bullish thesis becomes reality. Stacks is one of the first blockchains to enable a way for minting Bitcoin (BTC) Ordinals, which puts it in an excellent position to benefit from the hype. However, Ordinals have invoked an issue from the past where Bitcoin maximalist ideologies will be tested if the NFTs lead to network congestion. On top of that, Stacks has yet to deliver all the functionalities required to support an NFT trading ecosystem and it faces competition from projects in other blockchain ecosystems. The fundamental and technical analysis of the project suggests that the price surge might have reached overbought conditions and may correct in the near term. Ordinals development is unpredictable for now The recent focus on inscribing NFTs on the Bitcoin network peaked in the last month after Casey Rodarmor inscribed an Ordinal on Jan. 29. While the trend...