Schlagwort: crypto business

Veröffentlicht am

Dogecoin price prediction as DOGE drops below $0.2

  • The price of Dogecoin (DOGE) has dropped below $0.20 amid rising bearish pressure.
  • Analysts warn of a possible slide to the $0.10 level.
  • Dogecoin whales are quietly offloading their holdings.

Dogecoin (DOGE), the internet’s favourite meme coin, is once again under pressure as it dips below the critical $0.20 level, raising concerns among traders about the sustainability of its recent uptrend.

Despite attempts at recovery in recent months, Dogecoin has fallen sharply in the past week, shedding over 15% of its value amid broader market uncertainty and waning investor confidence.

At press time on June 18, Dogecoin was trading between $0.16 and $0.17, having slipped from a short-lived high earlier this year, triggering a flurry of bearish predictions and renewed scrutiny from analysts.

Bears have gained the upper hand

Dogecoin’s recent price action has been dominated by bearish sentiment, amplified by geopolitical tensions and a shift in overall risk appetite among crypto investors.

Although meme coins are often volatile by nature, the rapid downturn has raised questions about the strength of DOGE’s long-term support levels, especially as it flirts dangerously with the $0.16–$0.17 range.

Technical indicators now reflect a market under pressure, with the Moving Average Convergence Divergence (MACD) flashing a sell signal and the token trading below its 50-day moving average.

Furthermore, the emergence of a bearish flag pattern on major charts has fueled speculation that the coin may revisit lows last seen before the 2024 rally.

Dogecoin price analysis

 

Whales are quietly cashing out

Amid the price slide, large holders of Dogecoin have begun moving capital into emerging alternatives, signalling a strategic exit from what some now consider a fading trend.

Blockchain analytics indicate that long-term wallets holding DOGE have reduced their balances by nearly 0.88% in just 24 hours, hinting at growing unease among so-called “diamond hands.”

Analysts are divided over what comes next

While the prevailing sentiment may lean bearish, not all experts agree that Dogecoin is on a path to oblivion just yet.

Popular chartist Javon Marks believes the token is still holding a bullish breakout pattern, maintaining higher lows that could set the stage for a powerful rally.

According to Marks, if this trend continues, Dogecoin could surge to $0.6533—a level representing a nearly 280% gain from current prices—and possibly reach $1.25 in an extended rally.

In support of this view, another trader known as Trader Tardigrade recently identified a falling wedge pattern on DOGE’s 4-hour chart, a structure often associated with bullish reversals.

Despite this optimism, the overwhelming mood in the broader crypto market remains cautious, with 87% of analysts currently bearish on Dogecoin’s short-term outlook.

Moreover, Elon Musk’s recent comments denying any government adoption of DOGE have deflated some of the speculative hope that previously buoyed the coin’s price.

Dogecoin price prediction: Is $0.10 now in sight?

Although Dogecoin is not yet in free fall, the pressure on support levels is intensifying, prompting many to question whether a drop to $0.10 is now a realistic scenario.

Should DOGE fail to hold the $0.16 threshold, analysts warn that a rapid descent toward $0.14 and possibly even $0.10 could be triggered by algorithmic trading and panic selling.

Such a move would mark a dramatic reversal from the coin’s November 2024 peak of $0.47, further solidifying fears that the meme coin era may be losing its charm.

Still, volatility is nothing new for Dogecoin, and past downturns have occasionally given way to surprising comebacks driven by viral support and sudden market swings.

For now, all eyes remain fixed on the charts as traders brace for what could be a defining moment in Dogecoin’s turbulent journey.

The post Dogecoin price prediction as DOGE drops below $0.2 appeared first on CoinJournal.

Veröffentlicht am

New AI crypto Block3 looks to disrupt the multi billion dollar gaming industry

  • Block3, a new entrant in the gaming space, is proposing a radically different model for how games are built, distributed, and monetised.
  • At the core of this system is Trinity, a generative gaming model trained via a distributed network.
  • The project’s BL3 token presale will start on Thursday, June 26.

The gaming industry, often criticised for its lack of innovation and struggling with declining sales, may be approaching an inflection point.

Amid layoffs and consolidation, a new entrant—Block3—is proposing a radically different model for how games are built, distributed, and monetised.

While recent breakthroughs like Google’s Veo 3 have showcased the power of generative AI in video, Block3 brings similar capabilities to gaming.

Its platform allows users to create open-world video games using just a text prompt—no prior coding, design, or development experience required.

At the core of this system is Trinity, a generative gaming model trained via a distributed network.

Contributors to Trinity’s training process are compensated through blockchain-based incentives, making the platform both decentralised and community-driven.

Block3 also introduces a “Create2Earn” framework, where game creators earn crypto based on player engagement.

By combining elements of the $20 billion AI crypto sector and the $18 billion web3 gaming market, the platform aims to create a circular ecosystem that rewards participation on both the development and user sides.

The project’s native BL3 token will go on presale starting Thursday, June 26.

Block 3 plans to democratise gaming

Block3 positions itself as a next-generation platform designed to make game development accessible to anyone, regardless of technical background.

By combining generative AI with blockchain infrastructure, the platform allows users to create open-world video games using simple text prompts, potentially reducing development time from years to seconds.

At the center of the ecosystem is the BL3 token, which facilitates everything from creation fees to asset trading and revenue sharing.

The token offers exposure to the intersection of artificial intelligence and gaming. Where legacy studios operate on multi-year timelines with budgets in the hundreds of millions, Block3 offers a radically leaner approach to production.

As AI continues to reshape creative industries, Block3 represents a potential entry point into the upstream layer of game production and monetization.

With its tokenized model and community-first architecture, the platform aims to offer a new framework for content creation, ownership, and participation in gaming.

Block3’s path to success

The BL3 token offers investors a liquid, scalable entry point into the growing convergence of artificial intelligence and gaming, an industry projected to reach a market size of $665 billion by the end of the decade.

For retail participants, it represents the first opportunity to gain exposure to the upstream layers of game creation, monetization, and distribution in tokenized form.

Value in the Block3 ecosystem is designed to accrue across multiple channels, including creation fees, royalties, and in-game marketplace activity.

By aggregating these flows into a single asset, BL3 functions as a broad-based instrument tied to the future of synthetic game development—analogous, in concept, to an index-style exposure to AI-driven entertainment.

Block3’s architecture also plays a broader role in advancing AI capabilities. Each user-generated game becomes a training data point, contributing to a feedback loop of recursive AI improvement.

As gameplay generates data, that data informs better models, which in turn produce more engaging games, creating a continuous refinement cycle.

This structure positions Block3 not only as a platform for democratized game development but also as a potential engine for large-scale AI training.

The post New AI crypto Block3 looks to disrupt the multi billion dollar gaming industry appeared first on CoinJournal.

Veröffentlicht am

SEI price prediction: SEI eyes $0.2 after outperforming the broader market this week

Key takeaways

  • SEI is one of the best performers among the top 100 cryptocurrencies by market cap, up nearly 2% in the last 24 hours.
  • It could rally to the $0.2 level despite the bearish market conditions.

SEI outperforms the broader crypto market

SEI, the native coin of the Sei ecosystem, is one of the best performers among the top 100 cryptocurrencies by market cap. It added nearly 2% to its value over the last 24 hours and now trades around $0.17.

There is no catalysts behind SEI’s latest positive performance as the broader crypto market underperforms. Bitcoin and other major cryptocurrencies are currently in the red as the ongoing conflict in the Middle East continues to affect the broader financial markets.

The total cryptocurrency market cap has declined to $3.25 trillion, down 1.54% in the last 24 hours. However, SEI is the best performer in the top 100 as it added 2% to its value during that period.

SEI targets the $0.2 resistance level

SEI could rally higher in the near term if the bulls remain in control. The technical indicators are turning positive, but SEI is still subject to events in the broader cryptocurrency market.

If the bullish momentum increases, SEI could be testing the $0.2 resistance level in the coming hours or days. However, with the broader market still bearish, SEI could likely retest the $0.15 support level soon.

SEI chart

The MACD is still within the negative territory, indicating that SEI is still bearish in the higher timeframe. Furthermore, with an RSI of 42, SEI is still in the sold region and could experience further selling pressure if it doesn’t hit the 50 RSI level soon.

However, the market could grab liquidity around the $0.1871 region before any downward movement. Traders should keep an eye on today’s FOMC as that could play a key role in SEI’s performance in the near term.

The post SEI price prediction: SEI eyes $0.2 after outperforming the broader market this week appeared first on CoinJournal.

Veröffentlicht am

XRP price holds above $2 as SEC delays Franklin Templeton XRP ETF

  • XRP price falls below $2.30 as SEC delays Franklin Templeton’s spot XRP ETF decision.
  • Geopolitical tensions, mainly the Israel-Iran conflict, has contributed to broader crypto market dip.
  • XRP price prediction hinges on key support at $2.00 and short-term resistance at $2.50.

Ripple’s XRP token saw its price dip to near $2.00 on Tuesday as the cryptocurrency market grappled with a fresh downturn.

The geopolitical tensions that see an escalation in the Israel-Iran conflict, now in its fourth day of heavy missile strikes, continued to rattled investor confidence, pushing risk assets like Bitcoin and XRP lower.

Adding to the uncertainty, US President Donald Trump’s recent remarks on a peace deal or truce have sparked fears, further dampening market sentiment.

Against this backdrop, XRP faces intensified pressure as the US Securities and Exchange Commission (SEC) postpones its decision on Franklin Templeton’s spot XRP ETF.

Ripple price drops as SEC delays XRP ETF

XRP experienced a sharp bearish move on June 17, aligning with notable declines across the market.

Following the SEC’s decision to extend its review of Franklin Templeton’s spot XRP ETF to late July 2025, the token plummeted below $2.20.

Bulls posted a 6% loss and reached lows of $2.13.

This meant XRP price extended the downside that has seen it pare recent gains.

However, despite the heightened market volatility and the broader crypto market’s declines, XRP held above the crucial $2.00 level.

It remains to be seen how the markets react further amid the Israel-Iran conflict and Fed’s interest rates decision on Wednesday, June 18.

Notably, the community largely expected the SEC to delay the XRP ETF decision and could now look to the eventual approval.

Analysts say the chances remain high, even amid outstannding legal issues.

XRP price prediction

Nonetheless, the token’s failure to hold above the critical $2.30 level has weakened buyer confidence.

The current market conditions also continue to cast a shadow over XRP’s price trajectory.

XRP is currently trading at approximately $2.20, caught between key support at $2.00 and resistance at $2.50.

Technical indicators provide mixed signals. A look at the charts shows the daily Relative Strength Index (RSI) at 46 and downsloping to suggest XRP could trend towards the oversold territory.

The Stochastic oscillator in oversold territory indicates a potential uptick, despite selling pressure persisting.

XRP chart by TradingView

Open Interest (OI) in XRP futures remains steady at $3.90 billion, but a 10% drop says short term confidence is a little on the low.

Nonetheless, derivatives volume of $8.2 billion reflects current market frenzy amid geopolitical risks.

In terms of price prediction for XRP, a breakout above $2.30 could allow for a march on $2.50 and potentially $3 ahead of SEC’s next XRP ETF decision.

On the downside, breakdown below $2.00 may test bulls resolve and bring the $1.75 support area into focus.

The post XRP price holds above $2 as SEC delays Franklin Templeton XRP ETF appeared first on CoinJournal.

Veröffentlicht am

US Senate approves GENIUS Act to regulate stablecoins; bill moves to house

  • US Senate passed the “GENIUS Act” (68-30) to create a regulatory framework for stablecoins.
  • The bill requires stablecoins to be backed by liquid assets and issuers to disclose reserves monthly.
  • This is a major milestone for the crypto industry, which has long pushed for regulatory clarity.

In a significant development for the digital asset industry, the US Senate on Tuesday passed a bill aimed at creating a comprehensive regulatory framework for US dollar-pegged cryptocurrency tokens, commonly known as stablecoins.

This bipartisan achievement marks a potential watershed moment, bringing much-sought-after clarity to a rapidly evolving sector of the financial world.

The legislation, officially titled the “Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act,” garnered considerable bipartisan support, with several Democrats joining the majority of Republicans to back the proposed federal rules.

The bill ultimately passed by a decisive vote of 68-30. For the bill to become law, the House of Representatives, which is currently controlled by Republicans, will need to pass its own version.

If successful there, the harmonized legislation will then proceed to President Donald Trump’s desk for final approval.

The passage in the Senate is being hailed as a pivotal step.

“It is a major milestone,” commented Andrew Olmem, a managing partner at the law firm Mayer Brown and the former deputy director of the National Economic Council during President Trump’s first term.

“It establishes, for the first time, a regulatory regime for stablecoins, a rapidly developing financial product and industry.”

Stablecoins, a specific type of cryptocurrency designed to maintain a constant value, typically by pegging 1:1 to the US dollar, are widely used by crypto traders to facilitate the movement of funds between different digital tokens.

Their usage has seen exponential growth in recent years, and proponents argue they hold the potential to revolutionize payment systems by enabling instantaneous transactions.

If enacted, the stablecoin bill would mandate that these tokens be backed by liquid assets, such as US dollars and short-term Treasury bills.

Furthermore, issuers would be required to publicly disclose the composition of their reserves on a monthly basis, enhancing transparency.

Industry advocacy and a push for clarity

The cryptocurrency industry has long advocated for lawmakers to pass legislation creating clear rules for digital assets.

The prevailing argument is that a well-defined regulatory framework could unlock the potential for stablecoins to become more widely adopted and integrated into the mainstream financial system.

Reflecting this push, the sector reportedly spent over $119 million backing pro-crypto congressional candidates in last year’s elections and has consistently sought to portray the issue as a bipartisan concern.

An earlier attempt to pass stablecoin legislation in the House of Representatives last year was successful, but that bill ultimately died in the Senate, where Democrats held the majority at the time and did not bring it up for a vote.

The current momentum reflects a shifting landscape, partly influenced by President Trump, who has sought to broadly overhaul US cryptocurrency policies after actively courting financial support from the industry during his presidential campaign.

Bo Hines, who leads Trump’s Council of Advisers on Digital Assets, has indicated that the White House is keen to see a stablecoin bill passed before August.

Navigating political tensions and lingering concerns

The path to this Senate vote has not been without its challenges. Tensions on Capitol Hill over President Trump’s various personal crypto ventures at one point threatened to derail the digital asset sector’s hopes for legislation this year.

Some Democrats have grown increasingly frustrated with Trump and his family members promoting their personal crypto projects, including a meme coin called $TRUMP launched in January and a crypto company named World Liberty Financial, partly owned by the president.

The White House has maintained that there are no conflicts of interest for Trump, stating his assets are held in a trust managed by his children.

Critics, however, remain vocal. “In advancing these bills, lawmakers forfeited their opportunity to confront Trump’s crypto grift – the largest, most flagrant corruption in presidential history,” asserted Bartlett Naylor, financial policy advocate for Public Citizen, a consumer rights advocacy group.

Other Democratic lawmakers have expressed concerns that the current bill does not adequately prevent large tech companies from issuing their own private stablecoins.

They have also argued for stronger anti-money laundering (AML) protections and more stringent prohibitions on foreign stablecoin issuers.

Senator Elizabeth Warren, a Democrat, voiced these concerns on the Senate floor in May, stating, “A bill that turbocharges the stablecoin market, while facilitating the president’s corruption and undermining national security, financial stability, and consumer protection is worse than no bill at all.”

The road ahead: house deliberations and state regulator input

Despite its passage in the Senate, the stablecoin bill could face further modifications in the House of Representatives.

The Conference of State Bank Supervisors (CSBS) has already called for “critical changes” to the legislation to mitigate potential financial stability risks.

“CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors,” said Brandon Milhorn, president and CEO of the CSBS, in a statement, highlighting ongoing debates about the appropriate balance between federal and state oversight in the burgeoning stablecoin market.

The post US Senate approves GENIUS Act to regulate stablecoins; bill moves to house appeared first on CoinJournal.