DeFI News by Thebittimes.Com

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed crypto analyst says that layer-1 blockchain Sui (SUI) is gearing up for a massive breakout to fresh all-time highs. In a new thread, pseudonymous crypto trader Kaleo tells his 703,900 followers on the social media platform X that SUI is suddenly presenting a major buying opportunity. He says that the recent $223 million hack of the Cetus Protocol, a decentralized exchange (DEX) operating on the Sui network, caused SUI’s value to decline, but ultimately gave bulls a chance to position themselves for the next leg up. “Remember last cycle how many times SOL was declared dead because it went down? Every single time the FUD (fear, uncertainty and doubt) was bought, and it came back stronger. I think the recent CETUS exploit gave an amazing opportunity for a dip to stack more SUI. CETUS is officially back with a recovery plan for affected pools. There’s also a plan in place for token compensation for affected users. If anything, the ...

Bitcoin (BTC) has surged past the $110,000 mark following a critical breakout above $108,900, positioning itself for a potential new all-time high of $130,000.  Analyst Michaël van de Poppe predicted on June 10 that the current phase is likely a short consolidation period, a common pattern before increased upward momentum.  The ideal buying range as BTC prepares for what could be another historic run, van de Poppe suggests, sits around $107,000 to $108,000. Bitcoin’s 14-day relative strength index (RSI) currently sits at 6771, which is bullish but not yet overheated.  Michaël van de Poppe’s BTC analysis. Source: X If the RSI retests 75 by the end of the month, another analyst PlanB suggests, the June closing price for BTC would be ~$130,000, agreeing with van de Poppe’s predictions.  Bitcoin price forecast The rally can apparently be chalked up to a number of reasons, most notably a sharp technical breakout. Namely, BTC reclaimed the ...

Dogecoin (DOGE) is currently the second-best performing cryptocurrency in the weekly charts among the top 100 projects by market cap. The original meme coin has rallied 2.9% in the last 24 hours, 32.6% in the weekly charts, 27.3% in the 14-day charts, 38.4% over the previous month, and nearly 144% since October 2023. Also Read: Buy Bitcoin Online with Prepaid Card Ireland Factors Driving Dogecoin’s Rally Source: CoinGecko Why Is Dogecoin Rallying? The cryptocurrency market seems to be rebounding from the dip earlier this month. Bitcoin (BTC) is inching closer to the $70,000 mark. Other assets are also in the green zone, following the historical trend of a bullish October. Also Read: How to Add uniChain to MetaMask? DOGE’s latest rally could be due to Elon Musk’s town hall appearance on Oct. 17, supporting Donald Trump in his Presidential race. Musk also desires to open a Department of Governmental Efficiency, aka DOGE. Many analysts anticipate a market-wide rally if Tr...