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Collective traders or organizations now dominate the Bitcoin mining industry, but a few solo miners like CK end up defying the odds at times, winning against these groups. A Solo BTC miner, CK, recently succeeded in mining the 899,826th block and made nearly $330K in one such event. How? Let’s discuss. Bitcoin Miner Solo CK
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AI meme coins led the rally, with AIXBT surging 17% despite a quiet broader market. This bullishness suggests AI memes still have strong investor interest.
BeInCrypto has analyzed two additional AI meme coins for investors to watch today, highlighting their potential price directions.
AIXBT price surged nearly 17% in the last 24 hours, currently trading at $0.210. The AI meme coin is trying to hold $0.209 as a support floor, aiming to stabilize its recent gains and build momentum for a potential further rally.
Despite recent gains, AIXBT has faced resistance at $0.209 several times, breaking it only once. The Parabolic SAR indicator above the candlesticks signals a possible decline, suggesting caution as the price struggles to maintain upward momentum.
If broader market conditions remain weak, AIXBT could drop back to support at $0.166. However, securing $0.209 as support might fuel a rally toward $0.227, invalidating bearish concerns and signaling renewed buying interest.
ai16z experienced volatility in the last 24 hours, dipping to an intra-day low near $0.260 before rebounding. Since then, the meme coin has surged 21%, showing resilience amid market fluctuations and renewed investor interest.
The Chaikin Money Flow (CMF) indicator shows a sharp uptick, signaling strong capital inflows. This boost supports ai16z’s price rise, with the altcoin aiming to break the $0.342 resistance and potentially reach $0.380 if the momentum continues.
However, selling pressure could disrupt this trend. If ai16z fails to breach $0.342 or faces heavy investor sell-offs, the price might drop toward the $0.256 support level from its current $0.317, weakening the bullish outlook.
VADER gained 8% in the last 24 hours, trading at $0.0415 while attempting to hold $0.0385 as support. With over 215,690 holders, the meme coin has attracted attention since early May, showing growing interest among investors despite volatility concerns.
Investors should be cautious as VADER lacks a transaction tax limit, allowing the contract owner to change terms at will. The next key resistance level is $0.0510. The Relative Strength Index (RSI) remains in the bullish zone, indicating potential upward momentum for the meme coin.
If VADER fails to maintain support at $0.0385, the price could drop to $0.0340 or lower at $0.0286. Such a decline would invalidate the current bullish outlook, signaling increased selling pressure and potential losses for holders.
The post AI Tokens Lead Gains As AIXBT Jumps 17% | Meme Coins To Watch Today appeared first on BeInCrypto.
Rome is a city with layers. Literally. Stretching back thousands of years, the ancient Italian capital has been built and…
Cardano (ADA) has been experiencing a period of fluctuating price action. Despite efforts to recover, ADA has faced challenges in maintaining its upward momentum.
While the altcoin has held onto an uptrend since the beginning of the month, it now faces a challenge. Traders may be pulled back from participating, potentially stalling any further price recovery.
The sentiment around Cardano (ADA) is mixed. According to the Liquidation Map, short traders are at a disadvantage if ADA continues its uptrend. A breach of $0.77 would lead to the liquidation of approximately $20 million worth of short contracts.
This could result in upward pressure on the price as shorts are forced to close their positions.
However, without strong bullish momentum, this upside potential may not materialize, keeping traders cautious. While short traders could face substantial losses if ADA rises, this risk does not necessarily mean that the uptrend is sustainable.
Overall, Cardano’s market momentum reflects a sense of uncertainty. The number of active addresses on the network has recently dropped to a four-month low of 20,700. This decline in investor participation indicates a lack of enthusiasm among ADA holders. Many investors are seemingly pulling back, waiting for clearer signals of recovery before re-engaging with the token.
This lack of participation has had a negative impact on Cardano’s liquidity and transaction volume, further influencing its price dynamics. The decreasing number of active addresses also suggests that traders are hesitant to invest in ADA, which could slow down any potential price recovery.
Cardano is currently trading at $0.70, holding above the support level of $0.70, and the uptrend line has supported the price since early March. The immediate target for ADA is to breach the $0.77 resistance level, but this remains a challenge. Achieving this would require a rise of approximately 9%, which may be difficult under the current market conditions.
In the absence of a broader market rally, ADA is likely to remain consolidated under the $0.77 resistance. Should the altcoin fail to hold the $0.70 support, it could experience a decline, potentially falling to $0.62. This would invalidate the recent bullish outlook, further dampening investor confidence.
If ADA successfully breaches the $0.77 resistance, it could rise to $0.85, thereby invalidating the bearish thesis. Such a move would likely signal a more sustained recovery, as it would clear a significant hurdle for Cardano.
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