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The least expected people are buying the ETH dip.
Share link:In this post: Solana (SOL) may still feel pressure from VC wallets. The SOL supply is growing due to the need to reimburse validators. SOL slid to $121.26 after a market correction, but long-term prices may continue to feel pressure due to the uncapped supply and new token issuance.
Share link:In this post: Ethereum (ETH) and ChainLink (LINK) had the most positive outlook, but remained underbought in 2024. LINK expects a dip to the $7 range, almost erasing all 12-month gains. ETH crashed under $2,200, with whales swooping in to buy on the spot market.
Share link:In this post: Bitcoin falls to $49,000, leading to overall crypto losses. The crypto market cap falls by 17%. 277,913 traders were liquidated in the last 24 hours for a total of $1.06 billion.
Things couldn’t get much worse for crypto markets following their largest retreat for more than a year. However, this week’s economic calendar in the US is slow which could limit further volatility.
It’s Peter Schiff’s time to shine.
- 09:30Merlin Chain Launchpad Platform MerlinStarter Upgrades to Star AI, Focusing on AI Virtual Human Incubation and Asset IssuanceAccording to ChainCatcher, the Merlin Chain Launchpad platform MerlinStarter has officially upgraded to Star AI, becoming a global leader in AI virtual human incubation and asset issuance. Star AI deeply integrates AI with Web3, dedicated to promoting the creation, trading, and assetization of virtual human IPs, ushering in a new era of AI asset economy. Previously, MerlinStarter received investments from 20 institutions, including Amber Group, Arkstream Capital, and Cogitent Ventures. Its first two IDO rounds raised a total of over 900 million, breaking the IDO records for the first and second highest fundraising amounts in history. The platform has over 1 million Merlin Chain addresses interacting with it.
- 09:24AI Concept Meme Tokens Rise in General, ZEREBRO Up Over 26% in 24 HoursOn April 28th, according to GMGN data, AI concept Meme tokens have generally risen, among which: ZEREBRO rose 26.55% in the last 24 hours, with a market cap now at $73.6 million; ai16z rose 21.24% in the last 24 hours, with a market cap now at $316 million; VIRTUAL rose 16.54% in the last 24 hours, with a market cap now at $636 million; ARC rose 14.54% in the last 24 hours, with a market cap now at $69.9 million; AVA rose 13.17% in the last 24 hours, with a market cap now at $53 million.
- 09:13Analyst: Bitcoin's Correlation with Gold Reaches 0.7April 28 news, CoinDesk analyst James Van Straten stated that as of now, Bitcoin has dropped approximately 1.5% since December 31 last year, positioning its performance between the 24% rise of gold and the over 7% decline of the Nasdaq 100 index. Therefore, the notion of positioning Bitcoin as either a leveraged tech stock or digital gold slightly leans towards the digital gold perspective, but just barely. By analyzing the 30-day moving average correlation coefficient of Bitcoin, it currently shows a strong correlation with gold at 0.70, while exhibiting a weaker correlation with the Nasdaq 100 index at 0.53. This indicates that Bitcoin's performance is more akin to the trend of gold, rather than that of tech stocks.