Global #Price Increase

Dogwifhat (WIF), the meme coin featuring a canine sporting a stylish hat, has experienced a wild ride this week, surging over 60% in value.

Shiba Inu (SHIB), the popular meme coin, might be due for a comeback as on-chain data suggests a slowdown in selling activity. Investors are cautiously optimistic after a significant decline in the number of SHIB tokens transferred to exchanges, often a precursor to selling.

Notcoin, a cryptocurrency linked to the messaging app Telegram, is anticipating a significant price increase. This bullish prediction follows the project's recent burn of 210 million NOT tokens, valued at roughly $3 million. The burn significantly reduced the overall supply of NOT, potentially leading to a price rise due to scarcity.

Dogecoin (DOGE) is showing signs of life, with analysts predicting a potential price increase on the horizon. This comes after a recent surge in trading volume for the meme-based cryptocurrency.

Shiba Inu (SHIB), the popular meme coin, is showing signs of life with a recent 5% jump. This price increase comes amidst positive sentiment for meme coins and follows the news of CoinGate integrating SHIB for payments on Polygon and BNB Chain networks.

The cryptocurrency market witnessed a surge in PENDLE this week, with the altcoin registering a significant 25% price increase over the past seven days. This impressive rally placed PENDLE at the top of the list for gainers during that period according to CoinMarketCap data.

The introduction of spot Bitcoin ETFs in January 2024 marked a turning point for the cryptocurrency. These ETFs offer a regulated way for investors to gain exposure to Bitcoin without the complexities of directly buying and holding the digital asset. But how do Bitcoin ETFs impact the price of Bitcoin itself?

The first full week of June saw a notable surge in institutional investment in Bitcoin via US-based exchange-traded funds (ETFs). Data from HODL15Capital indicates that these Bitcoin ETFs collectively acquired an impressive 25,729 BTC, equivalent to about two months' worth of the cryptocurrency's mined supply.

Crypto analyst Thescalpingpro has advised investors to buy Shiba Inu (SHIB) during its current dip, suggesting that this might be the last chance to purchase SHIB before a potential price increase. At present, Shiba Inu is trading at $0.00002529, reflecting a 1.43% drop for the day and a 2.18% decrease over the past week.

Recent reports indicate that issuers of Spot Bitcoin ETFs now possess nearly 5% of the total Bitcoin supply. This achievement highlights the increasing demand and swift growth of Spot BTC ETFs in the market, providing institutional investors with a comparatively low-risk method to obtain Bitcoin.

RNDR appears ready to surpass the upper boundary of an ascending triangle, extending its recent uptrend. With a 10% increase in price over the past 48 hours, should the ongoing broader market momentum persist, bullish forces could propel RNDR above this resistance threshold.

The recent recovery of Bitcoin above $71,000 has injected optimism into the entire cryptocurrency market, leading to a surge in Dogecoin's price. DOGE has managed to surpass the $0.16 resistance level amidst this bullish sentiment.