Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback. While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoin’s trajectory, as analyzed by CryptoQuant’s Avocado Onchain in a recent report. Related Reading: As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors Opportunity Or End of The Bull Cycle? According to Avocado Onchain, the realized price for investors who entered the market during Bitcoin’s recent peak at $98,000 places them in a loss-making position. However, for those who invested between one to three months ago, the realized price is significantly lower at $71,000, offering a cushion against the current correction. Avocado pointed out that historical patterns from Bitcoin’s 2021 bull cycle reveal similar alternations between record highs and sharp corrections, suggesting that these dips may not necessarily indicate the end of the cycle. Instead, they have historically been “opportunities” for market rebalancing and subsequent growth. A key indicator analyzed is the 30-day moving average of the short-term SOPR (Spent Output Profit Ratio). This metric tracks whether recent market participants are selling at a profit or a loss. The current SOPR data reveals that recent short-term inflows into Bitcoin have yet to result in substantial profit-taking. Unlike previous cycle peaks characterized by aggressive selling, the ongoing correction appears subdued, indicating that the market may still have room for upward movement. Bitcoin Short-Term Dips vs. Long-Term Trends Additionally, Avocado Onchain highlights the importance of distinguishing between short-term corrections and broader cycle trends. Bitcoin’s tendency to rebound after corrections in past bull cycles reinforces the notion that the current downturn might not mark the cycle’s end. These insights align with the behaviour of long-term holders, who often use corrections to consolidate their positions, strengthening market resilience. Related Reading: Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know Avocado concluded the analysis, noting: For investors who have yet to enter the market, this may be an excellent opportunity to buy Bitcoin at a discount. Instead of succumbing to panic selling during short-term downturns, adopting a long-term perspective and a dollar-cost averaging (DCA) strategy could be a more effective approach. At the time of writing, Bitcoin is seeing a gradual rebound in its price surging by 1.3% in the past 1 hour. Regardless, the asset still appears to be overshadowed by the bears as BTC remains down by 3.5% in the past day and 10.5% from its peak of $108,135 recorded last week. Featured image created with DALL-E, Chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
CURVE DAO PRICE ANALYSIS & PREDICTION (December 21) – CRV Drops To Three-Week Low Following A 40% Correction In A 7 Days
As altcoins continued to suffer losses amid the ongoing correction, CRV saw another 15% drop overnight to reach its lowest level in three weeks. It may appear weak, but its short-term bullish trajectory is still intact. The first and second weeks of December saw CRV’s price through a consolidation phase after failing to push above $1.34 earlier this month. Breaking down from that phase, it lost the key $1 level on Wednesday and closed with an engulfing bar. This triggered more sell-offs yesterday and the price further fell off the $0.8 level to a low of $0.735 today. There are no signs of recovery yet as supply becomes heavy in intraday trading. The bears are now targeting the $0.7 level. If this price level holds, we can expect a small relief in the selling pressure. If not, it may enter the $0.5 range before bouncing back stronger. Looking at the last three days of trading, which marked CRV’s biggest drops since the crypto started to correct lower, it seemed to have reached an oversold condition in the hourly timeframe, though there’s still room for selling in the daily timeframe. So far, the overall market condition has been horrible following a 40% loss in the past week. Nonetheless, there’s still hope for the long-term bulls. A drop below $0.2 could trigger a serious bearish sentiment. CRV’s Key Levels To Watch Source: Tradingview The next target support for the bears right now is $0.577. If it breaks, the key support level to watch next would be $0.47. A broader correction could bring us back to $0.367 before initiating a fresh increase. A recovery from the current daily low could bring a retest at the flipped $0.88 and $105 levels. The higher resistance level for a break-up is $1.34. Key Resistance Levels: $0.88, $1.05, $1.34 Key Support Levels: $0.577, $0.47, $0.367 Spot Price: $0.736 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: karnoff/ 123RF // Image Effects by Colorcinch NewsBTC
8 Best New Meme Coins to Invest in This Weekend: This Ongoing Meme Coin Presale Stuns Everyone
The meme coin market is buzzing with fresh developments that are setting the stage for a thrilling weekend. With Bitcoin’s wild swings and meme coins continuing to dominate conversations, crypto enthusiasts are hunting for the next big thing. Whether it’s new presales creating waves or under-the-radar coins finally getting their due, the market’s unpredictability is its charm. And right now, the buzz around BTFD Coin (BTFD) is nothing short of electric as it powers through Stage 12 of its presale. In the meme coin universe, community is king, and innovation is the crown jewel. BTFD Coin, with its Play 2 Earn (P2E) game, referral programme, and staking rewards, isn’t just riding the meme coin wave—it’s steering it. While BTFD leads the charge, a host of other meme coins are making their mark, each bringing something quirky, fun, or downright bizarre to the table. Let’s dive into the best new meme coins to invest in this weekend and find out what makes them worth your attention. 1. BTFD Coin: The Unstoppable Meme Coin Juggernaut If you’ve been paying attention to meme coins, you know BTFD Coin is rewriting the playbook. Starting its presale journey at $0.000004, it’s now in Stage 12, priced at $0.00013, with over $4.2 million raised and 57 billion tokens sold to more than 6,100 holders. The presale’s pace is jaw-dropping, having surpassed half its journey in just 14 days. But the numbers are just part of the story. BTFD’s ecosystem is packed with features that are making crypto investors sit up and take notice. The beta version of its Play 2 Earn (P2E) game went live in Stage 10, giving users a sneak peek into its gaming future. While the beta doesn’t include rewards yet, it’s laying the foundation for a gaming revolution in crypto. Then there’s the referral programme—a clever way to grow the community while rewarding loyalists. Let’s not forget the staking programme, offering a whopping 90% APY since December 2, making it one of the most rewarding staking options in the market right now. Why did this coin make it to this list? BTFD Coin isn’t just a meme; it’s a movement, bringing community, utility, and insane ROI potential together. With its presale speeding towards completion, now’s the time to join the action and secure your stake in this game-changing project. 2. Just a Chill Guy (CHILLGUY): The Laid-Back Crypto Contender CHILLGUY is like that friend who never stresses and always has good vibes. This coin is carving its niche with a message of positivity and a focus on mental health awareness. In a world where crypto can feel overwhelming, CHILLGUY is a refreshing reminder to take it easy. The project revolves around community-driven initiatives, including charity donations aimed at supporting mental health organisations. CHILLGUY has a knack for keeping its community engaged through quirky social media campaigns and meme contests. It’s less about utility and more about creating a feel-good vibe in the often cutthroat crypto world. Why did this coin make it to this list? In the sea of serious crypto projects, CHILLGUY is a breath of fresh air, reminding investors to relax and enjoy the ride. 3. Fartcoin (FARTCOIN): A Whiff of Fun in the Crypto Space Let’s be real—nobody expects a coin called Fartcoin to be subtle. This project has leaned all the way into its absurd branding, and it’s working. Fartcoin’s humour-heavy marketing and irreverent tone have won it a loyal following, proving that sometimes, laughter is the best investment strategy. What sets Fartcoin apart is its commitment to turning giggles into growth. The project’s roadmap includes NFT drops featuring—you guessed it—fart-themed art, and a meme contest that’s drawing serious participation. Why did this coin make it to this list? Fartcoin’s hilariously unfiltered approach has made it a standout in the meme coin crowd, proving that even the silliest ideas can pack serious potential. 4. Snek (SNEK): The Serpentine Sensation SNEK has slithered its way into the meme coin spotlight with its slick branding and snake-themed ecosystem. This coin is all about playing on the idea of being sneaky but rewarding those who keep an eye out for it. SNEK’s roadmap includes a gamified staking platform where users can “shed their skin” to level up their rewards. It’s creative, engaging, and just a little bit ridiculous—everything you want from a meme coin. Why did this coin make it to this list? SNEK’s clever theme and gamified ecosystem make it a snake worth watching in the meme coin jungle. 5. Degen (DEGEN): The Meme Coin for True Believers DEGEN doesn’t just embrace its meme coin status—it flaunts it. Built for those who live and breathe crypto, this project is a love letter to the degenerate traders who make the market go round. The project is community-focused, with a governance model that lets holders vote on its future direction. Whether it’s new partnerships, exchange listings, or marketing campaigns, DEGEN is a project by the people, for the people. Why did this coin make it to this list? DEGEN is proof that when you double down on your niche, you can create something truly special. 6. Andy (ANDY): The Meme Coin with Heart Named after a fictional character who’s all about helping others, ANDY combines meme culture with philanthropy. A portion of every transaction is donated to charities, making it a coin with a cause. ANDY’s marketing is centred around its mascot, a lovable goofball who can’t help but win hearts. The community has rallied around this project, drawn to its combination of humour and heart. Why did this coin make it to this list? ANDY’s blend of memes and meaning has made it a standout in the crypto space, appealing to investors who want their money to make a difference. 7. Sudeng (HIPPO): The Unexpected Heavyweight Sudeng (HIPPO) is all about surprises. This meme coin has emerged as an unexpected player in the market, leveraging its “hippopotamus-sized” ambitions to make waves. The project’s ecosystem includes a rewards programme that incentivises holding, along with plans for an NFT marketplace featuring hippo-themed art. It’s quirky, it’s bold, and it’s making a splash. Why did this coin make it to this list? HIPPO’s ambition and creativity make it a heavyweight contender in the meme coin scene. 8. Moo Deng (MOODENG): The Wild Card Moo Deng is as unpredictable as its name suggests. This meme coin has gained traction for its wild marketing stunts and larger-than-life personality. Whether it’s viral videos or outrageous memes, MOODENG knows how to keep the crypto world talking. The project’s roadmap is equally wild, with plans for everything from a branded merchandise line to a Moo Deng metaverse. It’s big, it’s bold, and it’s just crazy enough to work. Why did this coin make it to this list? MOODENG’s over-the-top approach makes it impossible to ignore, proving that sometimes, bigger really is better. The Bottom Line If you’re on the hunt for the best new meme coins to invest in this weekend, these eight projects offer something for everyone. From BTFD Coin’s game-changing ecosystem to CHILLGUY’s feel-good vibes, there’s a meme coin out there for every kind of investor. Based on our research and market trends, BTFD Coin stands out as the top pick. Its presale performance, innovative features, and community-driven approach make it a must-have for anyone serious about meme coins. Join the BTFD Coin presale now and secure your spot in what could be the next big thing in crypto. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC