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Business Mayor
7 days ago
- Business
- Business Mayor
Ethereum Net Flows Turn Negative As Bulls Push For $3,500
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying and selling could've been going on and how investors are viewing the digital asset right now. Ethereum Net Flows Bounce Around Net flows refer to the difference in the number of coins entering or leaving crypto exchanges over a given period of time. If net flows are positive, then it means more ETH are flowing into crypto exchanges, which could point to sell-offs are investors take advantage of the price increase. However, if net flows are negative, then it suggests that more coins are leaving exchanges than those going in. Thus, it could point to buying pressure being higher than sell-offs. Related Reading Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative for a while now. 24-hour net flow volumes show a -$182.86 million figure as more coins moved out of crypto exchanges during this time. Source: Coinglass This has also persisted with six out of the last seven days showing that net flows are negative. This means that there have been more ETH leaving crypto exchanges than those going into exchanges for selling. Thus, showing that buying remains the order of the day. In this 7-day period, net flows for Ethereum are sitting at -$140 million. However, going further back, on the 15-day timeframe, investors are still skewing more toward selling. This time period shows a positive $186.48 million in net flows as well, which would explain why the Ethereum price seems suppressed despite Bitcoin making new all-time highs.. The 30-day period is no different, showing even larger deposit trends. In total, Ethereum investors have moved more ETH into crypto exchanges, causing net flows to fall to rise to $483.54 million during this time. ETH price pushes above $2,560 | Source: ETHUSDT on What Could Happen To Price If Net Flows Remain Negative If the Ethereum net flows continue to remain negative and even grow from here, then it would signal a rise in buying pressure. Once the buyers are able to outbid sellers, then the Ethereum price could begin to rally again. Related Reading As for how high the Ethereum price could go, crypto analyst Captain Faibik has explained that bulls are still struggling to reclaim the 200-Day Simple Moving Average at $27,000. Now, if they are able to capture this level and break out of it, the analyst sees the price rising above $3,500 in the near term. Source: X Featured image from Dall.E, chart from
Business Mayor
20-05-2025
- Business
- Business Mayor
Pi Network Faces Obstacles As Price Wobbles Below $1, What's Happening?
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pi Network has seen its price struggle since its launch after an initial rally pushed the price to $2.98. Its launch in February 2025 was highly anticipated and triggered its lift-off as believers who had been with the project for five years were finally rewarded. However, with the passage of time, the coin has also succumbed to the pressures from the bears and has now fallen by more than 75% from its all-time high. So, in this report, we take a look at the Pi Network price and the reasons behind the consistent decline. Pi Network Runs Into Post-Launch Troubles It's been three months since the Pi Network main net launch and the project has already been faced by problems. The first problems that arose after launch was the locked coins and lots of miners being unable to claim their coins due to KYC issues. Nevertheless, the coin continued to maintain the trust of its users. With months already gone, the lack of listing on Tier 1 crypto exchanges such as Binance and Coinbase has raised concerns among investors. Given that the altcoin is now a top 30 cryptocurrency with a market cap of over $5 billion, it makes it one of the only few coins in this category with no Tier 1 listing. As a result of this, community members have speculated that the team's actions could be the reasons behind the lack of listing. This is because top exchanges usually require transparency before listing tokens due to their large audience and there are rumors that the Pi Network team have been less than forthcoming about their token. Another issue that has risen up is the lack of decentralized finance (DeFi) usage on the platform. No DeFi apps have been deployed, thus leaving the Pi Network price at the mercy of crypto market forces, with no real activity to create demand and push it higher. Pi Network community members have also called for transparency on the $100 million Pi Network Ventures fund that was announced to promote innovative startups. So far, there have not been any developments that would show growth to the community. Price Runs Into Troubles With no network activity driving the Pi Network price, it has fluctuated with the crypto market. During the weekend, the altcoin saw an over 50% surge above $1.2. But this rally was short-lived as the price has since retraced and crashed back down below $1. This struggle below $1 mirrors the lack of strong support as the community is still doubting the future of the token and are questioning whether the Pi Network team will deliver on its promises. If these promises do end up being a reality, it is likely that the Pi Network price does reverse and test for new highs this bull cycle. Price wobbles with lack of support | Source: PIUSDT on Featured image from Dall.E, chart from
Business Mayor
19-05-2025
- Business
- Business Mayor
Bitcoin Price Inches Toward All-Time High — Can Momentum Finish the Job?
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000 Bitcoin started a fresh upward move from the $102,500 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $106,000 resistance. Bitcoin Price Extends Gains Bitcoin price started a fresh increase from the $102,500 support zone. BTC formed a base and was able to clear the $103,500 resistance zone. The bulls even pushed the price above $104,200. The bulls even pumped the price above $105,000. A high was formed at $107,042 and the price is now correcting gains. There was a move below the $105,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $103,346 swing low to the $107,042 high. However, it is stable above $104,000. There is also a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $104,500 and the 100 hourly Simple moving average. Read More Ethereum Whales Buy the Dip – Over 130K ETH Added In A Single Day Source: BTCUSD on On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,000 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high. Another Decline In BTC? If Bitcoin fails to rise above the $105,500 resistance zone, it could start another correction. Immediate support on the downside is near the $104,500 level. The first major support is near the $104,200 level and the trend line. The next support is now near the $103,500 zone. Any more losses might send the price toward the $102,200 support in the near term. The main support sits at $100,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,200, followed by $103,500. Major Resistance Levels – $105,500 and $106,000.
Business Mayor
14-05-2025
- Business
- Business Mayor
Dogecoin Linear Unlock Set To Introduce Almost 100M New DOGE Tokens To Supply
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Dogecoin supply has risen steadily over the years, given that there is no limit to how many tokens that could be mined. This infinite number has often worked against the digital asset, as the constant rise in supply has affected the ability of demand to stay ahead. Now, again, even more tokens are about to be sent into circulation, causing the Dogecoin supply to rise once more. Dogecoin Linear Unlocks in 7 Days Reporter Wu Blockchain took to X to share information on massive token unlocks that are coming into the market. Among the most notable ones is Dogecoin, which is seeing a large amount of tokens that are going to be unlocked over a period of seven days. According to the report, a total of 96.52 million Dogecoin tokens are expected to be unlocked during this one week period, starting on Monday. Token Unlocks data shows that $3.41 million worth of DOGE are expected to be unlocked daily, which works out to approximately 14 million tokens being released everyday. By the time the unlocks are done, the Dogecoin supply would have grown around 0.06%. While this figure does seem insignificant compared to the already massive DOGE supply, the news could still have an impact on the meme coin's price. As $22.75 million in total is being circulated into the market, it could trigger selling pressure, which could lead to a temporary correction in the Dogecoin price. Nevertheless, the Dogecoin price has shaken off the first batch of release and continues to trade high as bulls are still maintaining support above $0.22. If buying pressure continues to be high, then it is possible that the market absorbs the DOGE token unlocks without any noticeable impact on price. Read More Solana protocol fees jump as SOL targets more upside Other Token Unlocks To Watch Out For Besides the Dogecoin linear unlocks, there are also other tokens seeing a notable number of tokens being either cliff or linearly unlocked. The likes of Aptos, Avalanche, and Arbitrum are all seeing unlocks crossing $30 million in value. These unlocks are being done on a cliff basis. Other ones include $10.30 million in MELANIA tokens, further threatening the TRUMP-adjacent token that has done nothing but crash since its release. Source: X When it comes to linear unlocks, the highest one is coming from Solana, with 455,770 SOL worth $81.84 million being released in seven days. Worldcoin's 37.23 million tokens worth $48.02 million comes in second, and Celeste's 6.96 million tokens worth $22.48 million comes third. Dogecoin is a close fourth with its $22.75 million figure. DOGE struggles to stay ahead of bears | Source: DOGEUSDT on Featured image from Dall.E, chart from
Business Mayor
08-05-2025
- Business
- Business Mayor
Why The Dogecoin ETF Decision Will Likely Be Delayed By The SEC
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The dogecoin ETF wave is gaining ground since the first filings made their way onto the stage at the start of the year. This has put it in a heated race with the likes of XRP, Solana, and Litecoin in a bid to become the next cryptocurrency to get the nod from the Securities and Exchange Commission (SEC). However, an approval may still be far away, as it is expected that the regulator will push back and postpone an approval or rejection of a Dogecoin ETF. Delays Are The Order Of The Day The SEC has acknowledged the Dogecoin ETF filings, alongside that of its competitors, but that has not stopped the regulator from pushing back its decision on the funds. Back in April, both XRP and Dogecoin ETFs saw their decisions pushed back again, putting their next deliberation date at more than a month. This has followed the trend that the regulator has taken when it comes to crypto ETFs, pushing back decisions until the last minute. The most recent delay comes for the Litecoin ETF and this has shown how the regulator could be approaching the likes of Dogecoin ETFs. The Litecoin ETFs have been a favorite of Bloomberg analysts, with ETF expert James Seyffart giving it the highest likelihood of being approved at 90%, in an X post back in January. So, with the Litecoin ETF decision being pushed back by another month, it is expected that the Dogecoin ETF will get the same treatment. Read More Toncoin falls below $7: $10 or $5, where will TON go next? When it comes to approvals though, Dogecoin ETFs received the second-highest rating from the Bloomberg analyst, with a 75% possibility of getting approved this year. The next decision now being June 17 could also be postponed by the SEC, especially with nothing positive for the Litecoin ETF. The SEC will possibly postpone the decisions for the Dogecoin ETF until the final deadline, which is on October 18, 2025. However, there is no guarantee that the Dogecoin ETFs would get a green light from the regulator, although the community remains hopeful. Dogecoin ETF Could Trigger Price Rally Just like the Bitcoin and Ethereum ETF approvals triggered a surge in prices, an approval for a Dogecoin ETF could have the same effect on the native DOGE token. There have been predictions of the Dogecoin price rising as high as $10 as a result, showing the level of anticipation surrounding these funds. 21Shares has also lauded Dogecoin and its potential, saying that it is no longer just a meme coin, coming off its ETF filing. The investment firm said in a report that having Dogecoin in a portfolio could be a great boost, putting it alongside Bitcoin for a well-rounded portfolio. DOGE bulls push to break $0.18 resistance | Source: DOGEUSDT on Featured image from Dall.E, chart from
