Schlagwort: crypto business

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Bitwise CIO bats for diversified crypto investment, compares Bitcoin to Google

  • Bitwise CIO makes a case for diversified crypto investment in different assets such as Bitcoin, Ethereum, Solana, and Avalanche.
  • He compares it to 2004, when Google was the leading internet company, though Netflix made the most money for investors in a 21-year period.
  • He equates Blockchain to the internet, saying the technology can be used for different purposes, like the internet.

Bitwise CIO Matt Hougan makes the case for diversified crypto investment, even as he hails Bitcoin as an important asset. 

Hougan said that while “Bitcoin is the king of crypto assets”, citing that it is the largest cryptocurrency, while having the most liquidity and being well known.

He says Bitcoin is the only digital asset that has a shot at being an important global currency. He said the asset is similar to digital gold. 

Bitwise’s CIO said that despite the important status of Bitcoin, it is wise to invest in other cryptocurrencies, making a comparison with the historical performance of internet companies. 

Google and Netflix

Hougan asks the investors to put themselves in 2004. 

Google was the leading internet company then, and investors would have been tempted to put money into Google as it is the “dominant player”, Hougan said. 

He points out that while Google has done exceptionally well in the next 21 years, gaining over 6300%, investing in other internet companies would have served investors well, as the internet is a “general purpose technology” with uses in retail, social media, and software.

Investing in companies such as Netflix, Amazon, and Salesforce, which are leading players in other verticals of the internet, would also go on to pay huge gains for investors. 

Netflix is the highest performing stock in this period with gains of over 50,000%. 

Amazon and Salesforce also rack up 10,000% and 7,000% gains, respectively, leaving Google as the worst-performing stock among this group during this time. 

Blockchain is similar to the Internet

Hougan compares Blockchain technology to the internet, saying the former is also a general-purpose technology with different crypto assets used for different purposes. 

“You can use a blockchain to create a better form of money (Bitcoin) or to create a programmable network for transferring real-world assets” (Ethereum, Solana, Avalanche).

You can build new types of applications (DeFi, DePin) or middleware that services other blockchains (Chainlink). 

You can also build traditional businesses that support the crypto economy (Coinbase, Circle, Marathon Digital)”, Hougan writes.

Power of passive investing

It is now a regular occurrence that passive funds are trumping actively managed funds. 

Hougan points this trend out.

“Over the past 20 years, actively managed US equity funds have underperformed their benchmark indexes 97% of the time”, he said. 

It is important to invest in the big picture rather than picking winners, Hougan writes. 

He adds that after studying history, it makes sense to own a basket of cryptocurrencies such as Bitcoin, Ethereum, Solana, and Chainlink. 

In the last 4 years, different crypto assets emerged as the number one performer in different years.

Hougan demonstrates this with data. He points out that it is impossible to predict cryptocurrency winners in 2030. 

The post Bitwise CIO bats for diversified crypto investment, compares Bitcoin to Google appeared first on CoinJournal.

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MOODENG price drops 14% to $0.2613 after 703% weekly rally

  • Open interest has now dropped by 29.22%.
  • Total holders crossed 75,000, with retail wallets under $10 doubling.
  • Resistance remains at $0.355, with downside risk toward $0.180.

MOODENG, the Solana-based meme coin, soared 703% in just one week, but has since retreated 14.02% from its recent high trading at around $0.2613.

The rapid rise from under $0.04 to over $0.30 had propelled the coin to the top of crypto performance charts and attracted strong speculative interest.

Open interest has now dropped by 29.22%, falling from its peak of $342 million to $246.10 million, signalling a cooling in futures market activity after last week’s surge.

The earlier increase reflected a major influx of traders, but the decline may suggest reduced conviction or profit-taking among speculators.

While the bullish trend had been driven by momentum, the current price drop indicates profit-taking and cooling sentiment as the token struggles to hold key resistance at $0.355.

Still, its position within the Solana ecosystem keeps it on traders’ watchlists.

The coming days may decide whether MOODENG finds support or continues sliding as speculative demand wanes.

Small holders

According to on-chain data from Holderscan, MOODENG’s retail base is expanding rapidly.

The total number of holders has climbed to over 75,000, with a notable rise in smaller wallet addresses.

In just ten days, the share of holders with less than $10 worth of MOODENG jumped from 17% to 33%.

This trend signals increasing retail interest, as smaller investors accumulate the token, likely drawn by the steep price rise and potential for short-term profits.

The growth in low-value holdings typically reflects strong grassroots participation.

While such distribution may appear fragmented, it also indicates a reduction in token concentration, which can support price stability in highly speculative assets.

MOODENG price action

At the time of writing, MOODENG is trading at $0.2613, down 14.02% from its recent peak.

It remains just below a key resistance level of $0.355.

Moodeng price
Source: CoinMarketCap

Technical charts suggest that breaching this level and establishing it as support could push the token towards a retest of its previous all-time high of $0.700.

However, the current decline could reflect short-term investors taking profits. A continued slide may send the price back to $0.180—a drop of over 30% from current levels.

The earlier bullish trend had been supported by futures market data, where $324 million had flowed into MOODENG contracts. Whether this trend holds remains to be seen amid growing volatility.

The post MOODENG price drops 14% to $0.2613 after 703% weekly rally appeared first on CoinJournal.

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Shiba Inu price rises 24% in 7 days, but short interest hints at reversal risk

  • Bollinger Band Trend shows shrinking momentum.
  • Long/short ratio falls below 1.0 as shorts gain.
  • Price risks correction toward $0.000010.

Shiba Inu (SHIB) has recorded a sharp upswing over the past week, climbing by 24% amid renewed investor appetite for meme coins.

At the time of writing, the altcoin trades at $0.00001606, rising a further 3% on the day.

Shiba inu price
Source: CoinMarketCap

However, several market indicators suggest that the rally may be losing steam.

Traders are increasingly placing bets against the token’s price, and multiple trend signals now point to weakening bullish momentum.

These developments could push SHIB into a period of consolidation or even spark a corrective move if current conditions persist.

BBTrend shows a decline in upward momentum

One of the most widely watched indicators for Shiba Inu’s price movement is the Bollinger Band Trend (BBTrend), which measures volatility and trend strength.

While SHIB has continued to rise in the short term, the shrinking BBTrend suggests the buying pressure that fuelled its recent rally is beginning to fade.

A loss in BBTrend strength often precedes either a price consolidation phase or a downward retracement.

If this pattern continues, SHIB could lose a portion of its recent gains and struggle to maintain its current valuation range.

Traders favour short positions as confidence dips

Further data from Coinglass shows that traders are turning increasingly bearish.

Since May 6, SHIB’s long/short ratio has remained below 1.0, with the latest reading at 0.96.

This ratio compares the number of long positions (betting the price will rise) to short positions (betting it will fall).

A value below 1.0 suggests that more traders are shorting SHIB than going long.

This growing short interest highlights a decline in market confidence.

It suggests that investors believe SHIB may not sustain its recent upward trajectory and are positioning for a downside correction.

CMF indicator signals declining buying pressure

The Chaikin Money Flow (CMF), another momentum indicator that tracks the flow of money in and out of an asset, also supports the bearish narrative.

SHIB’s CMF has been falling steadily and is currently close to breaking below the neutral zero line.

If the CMF dips below zero, it would indicate that selling pressure has overtaken buying pressure, often a precursor to a price decline.

Such a shift could push SHIB’s price lower in the near term, particularly if combined with rising short interest and weakening BBTrend signals.

SHIB is at a crossroads between consolidation and breakout

Despite the bearish indicators, SHIB’s price still holds above key support levels.

If broader crypto market sentiment improves or meme coin demand returns, the token could still attempt another leg higher, with the next major resistance seen near $0.000019.

On the downside, if current momentum continues to weaken, SHIB could slide back toward $0.000010 — erasing much of last week’s gains.

The direction will likely depend on how sentiment evolves in the coming days and whether short sellers continue to dominate order books.

The post Shiba Inu price rises 24% in 7 days, but short interest hints at reversal risk appeared first on CoinJournal.

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Best crypto to buy as markets breathe easy on trade war de-escalation

  • Emerging projects like Bitcoin Pepe are gaining momentum amid the broader crypto rebound.
  • Bitcoin Pepe (BPEP) presale has maintained strong traction since its launch in early February.
  • The presale has so far raised over $8.1 million, with BPEP tokens currently priced at $0.0326.

The cryptocurrency market capitalization remains above $3.35 trillion on Wednesday, with Bitcoin (BTC), Ethereum (ETH), and XRP all trading in the green.

Market sentiment has shown marked improvement following the resolution of key geopolitical overhangs.

The Trump administration’s trade deal with the UK, along with a temporary agreement to ease reciprocal tariffs with China, has helped reduce uncertainty and restore risk appetite among investors.

The change in sentiment was also highlighted by crypto analyst Ali Martinez, who posted on X that over $35 billion has flown into the crypto market in just the last three weeks.

The shift in sentiment is reflected in the Crypto Fear & Greed Index, which climbed to 74 at the time of writing, up from 67 last week, indicating growing confidence across the market.

According to CoinGecko, the top 10 cryptocurrencies by market capitalization have posted nearly double-digit gains over the past seven days.

The total market capitalization of cryptocurrencies excluding Bitcoin has rebounded to levels last seen in February, now just 6.33% shy of the $1.34 trillion mark.

Emerging projects like Bitcoin Pepe are gaining momentum amid the broader crypto rebound.

Is the worst of the trade war over?

In a development that exceeded market expectations, the United States and China agreed on Monday to roll back most newly imposed tariffs for a 90-day period as both sides prepare to negotiate broader economic and trade issues.

The move signals a temporary de-escalation in tensions that have rattled global markets throughout the year.

China—America’s second-largest goods supplier in 2024 and the only country among the 180 targeted by US “reciprocal” tariffs to launch full-scale retaliatory measures—has been at the centre of the standoff.

Markets responded positively to the truce. Hong Kong’s Hang Seng Index has rebounded to levels seen just before the early April flare-up in trade tensions, while the S&P 500 has returned to positive territory for the year, reversing weeks of uncertainty-driven losses.

Still, some analysts caution that the reprieve may be short-lived.

“It might be just the beginning of the inevitable collision of the two largest economies,” Ting Lu, chief China economist at Nomura, wrote in a note Monday. “The US is still on the offensive, but China might learn much better how to dig itself in for the future attack.”

While the 90-day suspension of new tariffs has eased immediate tensions, it has done little to eliminate uncertainty for American businesses.

“A 90-day suspension, while welcome, still creates significant uncertainty for US companies’ business planning and costs, undermining their long-term global competitiveness,” the US-China Business Council said in a statement earlier in the week.

The group also called on Beijing to “end unfair trade practices and market-entry barriers.”

Meanwhile, Beijing showed few signs of softening its rhetoric. At a conference with Latin American and Caribbean leaders on Tuesday, Chinese President Xi Jinping took indirect aim at Washington.

“Bullying and coercion only lead to isolation,” Xi said, without naming the US directly.

Why Bitcoin Pepe may prove a good bet in these uncertain times

Despite the crypto market’s rollercoaster ride over the past few months, the Bitcoin Pepe (BPEP) presale has maintained strong traction since its launch in early February.

Investor interest has remained resilient, underscoring the appetite for early-stage, speculative plays that blend market narratives with viral potential.

Bitcoin Pepe is positioning itself at the intersection of Bitcoin’s institutional credibility and the explosive appeal of meme coins, aiming to establish a unique foothold within the crypto ecosystem.

As the first meme-centric Layer 2 project built on the Bitcoin network, Bitcoin Pepe seeks to unite two powerful market trends. Its messaging highlights this vision:

“Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.”

The presale has so far raised over $8.1 million, with BPEP tokens currently priced at $0.0326. The offering is scheduled to close on May 31, 2025.  

A potential exchange listing is expected shortly after the presale concludes, which could act as a catalyst for further price movement.

With overall market sentiment improving and speculative appetite returning, Bitcoin Pepe may continue to attract attention from investors seeking exposure to high-volatility, meme-driven assets with early-stage upside.

The post Best crypto to buy as markets breathe easy on trade war de-escalation appeared first on CoinJournal.

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Mantra price forecast improves as Nansen joins as validator

  • MANTRA price is up this past week, with OM trading more than 13% up in this time frame.
  • Nansen has joined MANTRA as a validator.
  • OM token crashed to near zero earlier in the year.

MANTRA (OM) remains largely bearish despite a recent spike that sees the token trade above $0.43.

While optimism has reentered the MANTRA Chain ecosystem following the devastating crash earlier this year, price remains well below $1 and off its all-time highs.

As of writing, OM token traded at $0.43, slightly off the intraday highs of $0.46.

MANTRA Chain adds Nansen as validator

On May 14, MANTRA announced that Nansen, a leading blockchain analytics platform, has become one of its validators.

The strategic collaboration between MANTRA and Nansen allows the blockchain analytics firm to expand its presence in the crypto space with a new mission – help contribute to the Mantra ecosystem’s decentralization and security.

“We’re proud to support MANTRA as a validator and bring our analytics capabilities to a Layer-1 chain focused on real-world compliance. As institutional demand for blockchain infrastructure grows, platforms like MANTRA will play a pivotal role in bridging the gap between Web2 and Web3. We look forward to contributing to this evolution,” said Alex Svanevik, chief executive officer of Nansen.

The entry of Nansen as a validator aligns with recent developments and plans of the MANTRA team.

In April, MANTRA founder and CEO John Patrick Mullin provided an update that noted network resilience and growth despite OM price plummeting. Mullin added that the layer 1 blockchain network was looking to make governance improvements, mainly focused on decentralization.

“We’re accelerating our validator diversification efforts by winding down internal validators while adding more support partners. By the end of Q2 2025, we’ll have reduced internal validators by half and onboarded 50 total external partner validators,” he wrote.

He also confirmed a150 million OM token burn.

Mullin added in the latest announcement,

As we work to wind down MANTRA Chain Association validators and further decentralize the network, we are thrilled to have Nansen join MANTRA as an external one. It’s a welcome addition and change that reflects the significant governance improvements we are currently making on MANTRA Chain and our improved focus upon decentralization and transparency.

OM price outlook

MANTRA will leverage Nansen’s integration to unlock on-chain insights, with ecosystem participants benefiting from various key metrics.

MANTRA’s price was up about 5% in the past 24 hours and more than 13% up in the past month.

While an update in April, including a sizable burn, sent some assurance to OM holders, the price has not broken higher as anticipated.

But is MANTRA Chain’s token about to rally higher as the platform welcomes a new validator?

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