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Bitcoin Dogs, Tron, Akash Network

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Tron

Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network.

Bitcoin Dogs price forecast

Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase. 

Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network.

ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which could push the highly undervalued Bitcoin Dogs token higher. First, it has had two consecutive days of bullish volume, meaning that buyers are starting to come back in.

Second, Bitcoin Dogs has formed a small doji candlestick pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signs in the market. This reversal sign is usually confirmed when the doji is followed by a big bullish candle, which is what happened on Thursday.

Therefore, while it is too early to tell, there is a likelihood that this is the beginning of a new bull run. If it happens, the token will likely rise to the key resistance point at $0.050, 151% above the current level. You can learn more about Bitcoin Dogs here.

Tron price analysis

Tron has been one of the best-performing cryptocurrencies this week as it soared to a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, the meme coin generator on Tron. 

On the daily chart, Tron has remained constantly above all moving averages. It has also risen above the key resistance point at $0.15. Most notably, Tron flipped the important resistance point at $0.1448 into a support level. This was an important level since it was the upper side of the cup and handle pattern. 

Tron has both strong fundamentals and technicals, meaning that it will most likely stage a strong comeback, with the next point to watch being at $0.1690, its highest point this week. A break above that level will point to more upside.

Akash Network price prediction

Akash Network token retreated sharply on Thursday as artificial intelligence (AI) tokens fell after Nvidia’s earnings. It dropped for three consecutive days, moving below the key support at $3, the neckline of the slanting double-top chart pattern.

Akash Network has formed a death cross pattern as the 200-day and 50-day moving averages crossed each other. The token also moved below the key point at $2.60, its lowest point on July 5. 

Therefore, the outlook for the token is bearish, with the next point to watch being the psychological point at $2.0.





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Ethereum whales get active as ETH retraces gains, buying the dip and this presale token under $0.08

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Large holders in the Ethereum (ETH) community, Whales, are silently acquiring ETH while it gives back its recent gains. Amid this, a fresh presale token valued at less than $0.08, Rexas Finance (RXS), is drawing interest from investors. Targeting the huge real-world asset market, Rexas Finance is creating waves with special characteristics.

Rexas Finance: Targeting the Real-World Asset Market

Rexas Finance is targeting a relatively untapped market in cryptocurrency: real-world asset (RWA) tokenization. Using the blockchain, this creative platform lets users invest in commodities, gold, and real estate, among other things. With just one click, investors can own a fraction of a high-value asset, such as a piece of real estate, anywhere in the world.

The Rexas Finance presale is gathering pace right now. Over 72 hours, it raised around $450,000 during its first stage. This success suggests growing investor faith in its goal. Now in its second phase, the presale has already gathered over $811,208 with the RXS token valued at $0.04, which many analysts are arguing could prove to be a steal.

Rexas Finance offers its customers several features. By locking down their RXS tokens, investors can generate passive income using staking and yield farming. The Launchpad on the platform provides funds for creative ideas, therefore enabling startups to gain traction. 

The Rexas QuickMint Bot also simplifies token creation by letting users mint fresh tokens straight via Discord and Telegram messaging systems. This opens token development to a larger audience, therefore promoting diversity in the crypto scene.

The Rexas ecosystem transcends tokenization. Its AI Shield guarantees better security for smart contracts, ensuring the dependability and safety of transactions. Using several blockchain networks, the platform also incorporates a Multi-Chain Yield Optimizer through Rexas Treasury, therefore maximizing profits for investors. 

Rexas Finance aims to close the gap between the blockchain world and tangible assets by using developing technologies such as blockchain, artificial intelligence, and DeFi. Given that a number of experts estimate a 7,800% increase in the next bull run, Rexas Finance could prove itself to be a good option for both novice and seasoned crypto investors.

Whales Are Accumulating ETH Amid Market Shifts

The largest holders of Ethereum, sometimes referred to as whales, have been progressively adding more ETH, particularly during dips. Data from on-chain monitoring firm IntoTheBlock indicates that these whales currently hold around 43% of Ethereum’s active supply. Their accumulation has been continuous since 2019; it quickened in early 2023, particularly following Ethereum’s Shanghai upgrade, which allowed the staked Ether to be withdrawn.

The current whale activity points to calculated market movement. Whales are buying the dip as Ethereum pulls back some of its past increases this year. With a 1.4% rise against Bitcoin’s 33.6% rise in 2024, Ethereum has notably lagged behind. Still, the steady whale accumulation points to long-term Ethereum potential optimism.

Cryptocurrency analyst Benjamin Cowen noted that Ethereum’s monthly candles have been reflecting its 2016 performance. Should this trend persist, Ethereum may climb by 2025. Still, it’s important to keep in mind that the crypto market is volatile, and past performance might not ensure present outcomes.

The RXS Token Presale 

Rexas Finance’s token distribution is meant to help the community and propel the expansion of the ecology. There are one billion RXS coins. 42.5% of these tokens are made available in the presale, giving early adopters lots of possibilities. Staking rewards, liquidity, marketing, and team incentives account for the rest, thereby maintaining a sustainable and balanced environment.

How to Participate in the Rexas Finance Presale

  1. Go to the official Rexas Finance website to get comprehensive knowledge regarding the presale and token.
  2. Click the “Join Presale” or comparable button to link your crypto wallet—such as MetaMask or Trust Wallet—to the platform.
  3. Choose the investment amount you wish to make. In Stage 2, the price of each RXS token is $0.04.
  4. Check the specifics and verify the transaction in your wallet. Then, make sure you have enough ETH or another supported Bitcoin for the gas expenses.
  5. Your RXS Tokens will be delivered to your wallet once the transaction is verified.

Participating in the Rexas Finance presale helps you join a creative platform with great future expansion potential. Are you all set to engage in the Rexas Finance ecosystem?

Conclusion 

As the market fluctuates, Ethereum whales are deliberately gathering to show their belief in ETH’s long-term viability. Rexas Finance, meanwhile, gains momentum in its presale phases by providing a unique investment opportunity through real-world asset tokenization. Joining early offers investors the opportunity to access the current low prices, and holds out the possibility of huge returns for early investors after the RXS token is launched.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance



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Can Binance Coin (BNB) Price Break $600

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Binance Coin (BNB) holders have waited several months for the altcoin to reclaim the $600 price mark. The increased demand it currently enjoys suggests that this milestone could be achieved sooner rather than later.

However, sentiment among its futures traders has turned bearish as they begin to bet against a sustained price rally. 

Binance Coin Sees Higher Demand for Short Positions

Binance Coin’s price has risen by 3% in the past 24 hours, reflecting the broader market upswing following the US Federal Reserve’s first interest rate cut since March 2020.

Demand for BNB has surged since the beginning of the month, with its price now at $557.11, marking a 14% increase over the last 13 days. However, futures traders remain skeptical about the rally’s longevity, as many continue to favor short positions.

According to Santiment, BNB’s funding rate — used to keep futures contracts aligned with the spot price — has been negative for the past three days, currently sitting at -0.001%.

Read more: How To Trade Crypto on Binance Futures: Everything You Need To Know

bnb funding rate
BNB Funding Rate. Source: Santiment

A negative funding rate indicates short-term pessimism, with more traders betting on a price decline than on a rally. However, BNB’s price has risen in the face of these bearish bets, leading to the liquidation of many short positions.

Short liquidations occur when traders betting on a price drop are forced to buy back the asset at a higher price to cover their losses, as the price moves against their expectations. When BNB’s price surged beyond a certain level, traders with short positions were compelled to exit to minimize losses.

Since September 16, BNB short liquidations have totaled $1.3 million, according to Coinglass.

bnb total liquidations
BNB Total Liquidations. Source: Coinglass

BNB Price Prediction: Altcoin Is Poised for More

BNB’s moving average convergence/divergence (MACD) indicator suggests the potential for continued upward momentum. The MACD line (blue) currently sits above both the signal line (orange) and the zero line, indicating strong bullish sentiment and the likelihood of a sustained uptrend.

If buying pressure continues, BNB could rally toward the $592.30 resistance level. A break above this level would set the coin on track to target $637.80.

Read more: Binance Coin (BNB) Price Prediction 2024/2025/2030

bnb price prediction
BNB Price Analysis. Source: TradingView

However, if profit-taking begins, the bullish outlook could be reversed, with BNB’s price possibly dropping to find support at $466.60

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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This Is How Whale Activity Can Cause XRP to Rally 30%

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XRP price has been trading within an ascending triangle pattern, a technical setup that suggests a significant breakout is on the horizon. This pattern could send the altcoin’s price up by as much as 28.9%. 

Key market players, known as whales, have been fueling this potential surge by accumulating large amounts of XRP, signaling confidence in an upward price movement.

XRP Whales Contribute Considerably

Whale activity has surged in recent days, with large holders significantly increasing their positions. Specifically, addresses holding between 10 million and 100 million XRP tokens have collectively purchased 200 million XRP, valued at over $116 million. This accumulation points to a rising belief in the asset’s bullish potential.

The increased whale activity is an indicator of market confidence, as such holders typically buy when they anticipate a price rally. Their recent purchases suggest that the coming weeks could see XRP break out of its current pattern, giving momentum to the cryptocurrency and offering investors notable gains.

Read more: XRP ETF Explained: What It Is and How It Works

XRP Whale Holdings.
XRP Whale Holdings. Source: Santiment

Analyzing XRP’s macro momentum, the MVRV (Market Value to Realized Value) Long/Short Difference reveals an interesting shift. This metric helps gauge investor profit-taking conditions.

Negative values often mean that short-term holders are profiting, while positive values indicate long-term investors are in the green. The latter is the case with XRP.

However, at present, the profits for long-term holders are not substantial. As a result, these investors are unlikely to sell soon, waiting instead for larger returns. This holding pattern supports the potential for a bullish breakout in the near future.

XRP Long/Short Difference.
XRP Long/Short Difference. Source: Santiment

XRP Price Prediction: Profits Ahead

XRP is moving within an ascending triangle, a bullish formation that forecasts a 28.9% rise upon a successful breakout. If this occurs, XRP’s price could surge to $0.76, offering strong returns for investors.

For the breakout to materialize, XRP must first surpass the resistance at $0.64 and establish it as a new support level. While whale activity suggests this is achievable, maintaining momentum above this threshold remains a challenge.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

XRP Price Analysis.
XRP Price Analysis. Source: TradingView

Should XRP fail to breach the $0.64 barrier, it may continue consolidating between $0.56 and $0.64, delaying a price rally and dampening investor expectations.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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