CoinWire research reveals that 76% of influencer-promoted meme coins are "dead," causing significant losses for investors. Despite promises of quick profits, only 1% of these endorsements succeed. Influencers often prioritize their own earnings over promoting quality projects, leading to a highly risky investment landscape.
Trading Jesus outlines Dogecoin's path to $1, highlighting key resistance levels at $0.44, $0.56, and $0.73336. The analyst also identifies potential support levels at $0.34 and $0.18, emphasizing the challenges posed by selling pressures. Despite an 8% decline, analysts remain optimistic about Dogecoin's future growth potential.
Scroll's SCR token dropped 19% after its market debut due to dissatisfaction from recipients over a small airdrop. The decrease has been further driven by bearish sentiment and selling pressure. The token trades at $1.04, near its all-time low.
Coinbase's chief legal officer, Paul Grewal, addressed concerns about cbBTC's service terms. The token became the third-largest wrapped Bitcoin quickly after launch. Community members raised alarms about its terms on X (formerly Twitter).
A crypto pundit dismisses predictions of XRP price reaching $1,000, citing market capitalization and current fundamentals as obstacles.
Coinos wallet has deleted its account on X and will only remain active on Nostr.
Bitcoin has experienced its second worst monthly loss in 2024, closing August with an 8.6% drop. Analysts predict another major crash on September 5, potentially pushing prices below $40,000. Historically, September has been bearish for Bitcoin, but it often precedes a bull market.
Elon Musk's X platform, formerly Twitter, has included a payments feature in its latest software release, sparking speculation about supporting Dogecoin payments.
Terra Luna Blockchain was temporarily halted due to a suspected security breach on July 31. The announcement came from Terra's account on X (formerly Twitter).
Cybercriminals hacked Sydney Sweeney's X account to promote a fake Solana-based coin, 'SWEENEY'.
Dogecoin's recent price surge diverges from the broader bearish market due to speculations of potential payment integrations with X (formerly Twitter) and support from Arthur Hayes.
