Analysis Crypto by Thebittimes.Com

A widely followed crypto analyst says that one non-fungible token (NFT)-related altcoin is set to revisit its previous all-time highs while updating his outlook on Ethereum (ETH) and Solana (SOL). In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 245,200 followers on X that based on technical indicators, Pudgy Penguins (PENGU) – an altcoin that’s seen 800%+ gains in five months – appears ready to revisit its all-time high after a period of stagnation. “PENGU downtrended for 1.5 months, chopped at the 0.50 [Fibonacci level], and is now moving. I’ve finally got a position when it flipped the .382 [Fibonacci level] and I took a tiny bit of profit. Going to keep maintaining this position though and will look to add on any dips. I think it eventually goes back to the highs again.” Source: Altcoin Sherpa/X PENGU is trading for $0.0358 at time of writing, a 5.9% increase on the day. Five months ago, the altcoin is valued at jus...

XRP is showing signs of a potential recovery after one of its sharpest weekly declines in months. Over the past week, the cryptocurrency shed more than $26.45 billion in market capitalization, falling from $198.19 billion to $171.74 billion as of August 20. At press time, XRP was trading at $2.89, reflecting a 12% weekly decline and an additional 4% drop in the past 24 hours.  XRP one-week market cap chart. Source: CoinMarketCap Why XRP is crashing  The correction has raised doubts about the durability of XRP’s rally after losing the crucial $3 support amid broader market bearish sentiment. Whale activity has been a key driver of the downturn. In this case, wallets holding 10 million to 100 million tokens have offloaded 470 million since August 18, the largest distribution since July’s 660 million sell-off.  The latest wave of selling coincided with XRP slipping below $3, a level that has historically triggered 10% to 15% corrections, leav...

The Best Wallet ($BEST) ICO has exploded, blasting past the $3.5 million mark with ease today. As Solana’s ($SOL) price rallies and looks to claw back the ground it lost to Ripple ($XRP), the bull market is showing no signs of slowing down – especially with Bitcoin reclaiming the $100,000 price tag. Amid all this excitement, Best Wallet is rising to the occasion as the next-gen wallet of choice for savvy traders. It’s the only wallet offering rock-bottom transaction fees and optimal pricing, which will make every trade feel like a win. To unlock these transactional advantages, users need to grab $BEST tokens, which are currently available at a massive discount of just $0.023075 per token. But here’s the kicker – this price won’t last long. In less than 24 hours, the following funding stage will kick in, and the price will climb.  So, there’s no time to waste – each token is also a stake in ...