🏙️ Solana Defends Key Support While Dogecoin Whales Bet Big
⚡ CryptoTrendz - 📌 What’s Buzzing?:
Whales scoop 2B DOGE, TRON hits 11.1B transactions, and Cardano stays green with a 70% rally in sight. Chainlink eyes dominance in tokenization. Coinbase hints at altcoin season. Bitcoin retreats below $120K after ATH; whale activity signals risk. ✨Here’s a quick glance:
🔖 Market Movement:
🔹Bitcoin dipped below $120K after hitting a new all-time high, with whale activity reaching risky levels, indicating potential volatility ahead (Source).
🔹XRP’s price slid to support levels, sparking speculation about upcoming gains (Source).
🔹Meanwhile, Ethereum holders might face delays before reaching new highs, showing market uncertainty (Source).
🔹Solana’s (SOL) price defended a critical zone, hinting at a possible strong rally soon (Source).
🔖 Regulatory & Security:
🔹Garantex had contingency plans during previous shutdown threats, emphasizing security preparedness (Source).
🔹New York lawmakers are proposing taxes on crypto transactions, affecting market dynamics (Source).
🔹Czech authorities detained a key figure involved in Bitcoin donation scandals, seizing assets (Source).
🔹Crypto scammers earned 1.6 million dollars through address poisoning this week, highlighting ongoing security risks (Source).
🔖 Industry Developments & Trends:
🔹Coinbase predicts an upcoming altcoin season, driven by increased investor interest (Source).
🔹ARK Invest invested heavily in Bullish, fueling Bitcoin enthusiasm (Source).
🔹TRON handled over 11.1 billion transactions, with USDT activity propelling momentum (Source).
🔹Hong Kong’s SFC implemented stricter crypto custody standards following global breaches (Source).
🔖 Token & Asset Insights:
🔹Many believe tokenized gold could challenge Bitcoin’s dominance, as experts suggest it might “eat Bitcoin’s lunch” (Source).
🔹Chainlink (LINK) is seen as a major player in the stablecoin and tokenization era, potentially becoming a big winner (Source).
🔹Algorithmic predictions point towards Ethereum reaching $15,000, with some experts linking this to programmed market moves (Source).
🔹Shiba Inu (SHIB) experienced an 11% crash amid skyrocketing liquidations, underscoring market volatility (Source).