Analysis Crypto by Thebittimes.Com

Memecoins seem to be bearing the brunt of the recent market correction. Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK) have seen a fall of double-digit percentage points over the last week. According to CoinGecko’s DOGE data, it has fallen 16% in the weekly charts, PEPE has fallen 18.4% in the weekly charts, and BONK has fallen by 20.8% in the same time frame. The memecoins have also registered a correction of 2.4%, 3.5%, and 11.1% on the daily charts, respectively. Source: CoinGecko Should You Buy DOGE, PEPE, BONK During the Dip? Source: TheFace.com The market correction kicked off earlier this month after a healthy bull run. Bitcoin (BTC), XRP, and BNB climbed to new all-time highs in July. The dip came after increased profit-taking from investors. Memecoins are subject to heavy speculation. DOGE, PEPE, and BONK are among the most volatile crypto assets. The substantial price decline could be fueled by the upcoming Federal Reserve interest rate announcement. There is a high chanc...

New data from tokenomics insights firm Token Unlocks reveals that billions of dollars worth of crypto assets are expected to pour into markets in October. In a new thread on the social media platform X, the market intelligence platform says that $3.46 billion worth of digital assets are scheduled to be unlocked next month, including modular blockchain Celestia (TIA), artificial intelligence token Worldcoin (WLD) and smart contract platform Solana (SOL). “Uptober is just around the corner. Stay Informed, not FOMO (fear of missing out)-driven. With $3.46 billion in token unlocks scheduled for the month, it’s essential to keep a close eye on the market. Key unlocks include: $1.12 billion TIA, $336.31 million WLD, $360.8 million SOL, [and] $1.65 billion of other tokens.” Source: Token Unlocks/X According to the firm’s data, the biggest week in crypto in terms of token unlocks for the rest of the year will be between October 28th and November...