Currency Forecast

According to the grand scrolls of TradingView—where the wise gather and the baffled scratch their heads—MMBTtrader has theorized that, should our floppy-eared friend break free from the mystical constraints of the ascending channel at around $0.243, it could leap to a jaw-dropping $0.4. This analyst is practically wearing a cape, convinced that a surge in volume will lead to a high-octane pump that would make even the most cynical of economists raise an eyebrow in disbelief. 📈

Stellar (XLM) has soared over 60% in the past week, with the price reaching $0.48 at the time of writing. It has gained nearly 5% in the last 24 hours, backed by a 24-hour trading volume of $2.1 billion. The rally has drawn fresh attention after market veteran Peter Brandt described the XLM chart as “potentially the most bullish chart of all.”

Upon closer inspection, one notices that Bitcoin’s price action from 2010 to the present resembles a gently curving arc—the “banana”—which begins in the early days of price discovery and ends in today’s compressed zone around $118,000. The pressing question on everyone’s mind is whether Bitcoin has exhausted its room to move sideways, or if it’s merely taking a breather before the next big leap.

Picture this: the illustrious NEAR Protocol (NEAR) has decided to grace us with a delightful 10% increase over the last 24 hours. Over the past week, it has flexed those financial muscles for a robust 17% gain, delightfully frolicking at the $3 mark after a rather gloomy descent to the depths of $1.80 back in the dark days of June 25. What a transformation! It’s as if a humble potato sprouted into a magnificent truffle. 🍟✨

While we’ve been celebrating decentralized finance (DeFi), headlines about DeFi attacks, scams and data leaks have been piling up. People worry about losing their crypto to hackers, but what about everything else we’ve already given away for free?

The memecoin sector skyrocketed to a staggering $72 billion in July, a 29% increase from its $55 billion market cap on June 30. The rally was fueled by a combination of memecoin presale hype, community momentum, and a new memecoin launchpad gaining traction on Solana. 🚀🚀

Bitcoin, that great equalizer of the modern world, is now a geopolitical force to be reckoned with, as nation-states are uniting to share their experiences in adopting this digital marvel. The Islamic Republic of Pakistan has taken the first steps to establish diplomatic ties with the Republic of El Salvador, with bitcoin serving as the common thread that weaves their destinies together.

On the 17th of July, BlackRock, the financial behemoth, filed with the U.S. Securities and Exchange Commission (SEC) to give its iShares Ethereum Trust [ETHA] a shiny new feature: staking. 🎉

In a prospectus supplement filed with the US Securities and Exchange Commission on Thursday, Sharplink said it has increased the amount of common stock it can sell by an extra $5 billion, up from a billion under its initial May 30 filing.

The initiative, submitted on July 11, aims to optimize the country’s energy grid while exploring new avenues for economic development through the crypto asset ecosystem. 💸