dogwifhat

Solana

Overnight

DeFi

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrencies-experience-significant-drop-overnight/" data-wpel-link="internal">Cryptocurrencies Experience Significant Drop Overnight</a><br></p>
<p style="text-align: justify">Cryptocurrencies experienced a significant drop from last evening to this morning. During this period, the BTC price fell below $60,500. Subsequently, the price recovered slightly and is trading above $61,900 at the time of writing. Meanwhile, one of the closely followed analysts in the cryptocurrency world suggested that a DeFi token within the Ethereum (ETH) ecosystem is ready to reach higher levels.</p> 
<h2 style="text-align: justify" id="crv-comments">CRV Comments</h2> 
<p style="text-align: justify">An analyst named Credible Crypto made important statements on the social media platform X. He stated that the local token of the stablecoin-focused <a href="https://en.coin-turk.com/decentralized-crypto-exchange-dydx-publishes-report-on-9-million-hack/" data-wpel-link="internal">decentralized exchange</a> Curve DAO, CRV, could move to much higher levels after locking a total of 900 million CRV assets.</p> 
<blockquote> 
 <p>This is almost one-third of all CRV that will ever exist (3.3 billion maximum supply) and 43% of the current supply. Most will remain locked forever. This means that one-third of all CRV (43% of the current total supply) is essentially ‘burned’ and permanently removed from the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>.</p> 
</blockquote> 
<p style="text-align: justify">At the time of writing, the CRV price was moving in the opposite direction of the market. After a 2.25% increase in the last 24 hours, the price is finding buyers around the $0.281 region.</p> 
<h2 style="text-align: justify" id="what-will-be-the-bitcoin-price">What Will Be the Bitcoin Price?</h2> 
<p style="text-align: justify">The analyst was seen examining Bitcoin after CRV. His comments on Bitcoin were more pessimistic, indicating a downward trend.</p> 
<blockquote> 
 <p>I don’t think this correction is over yet, but I think we can relax a bit. The ideal scenario is below.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376767" src="https://coin-turk.com/wp-content/uploads/2024/08/crv-1-site-coin-turk-com.png" alt="" width="542" height="323"></p> 
<p style="text-align: justify">According to the trader’s shared chart, Bitcoin could rise to $68,000 from current levels before a correction to the $56,000 level. BTC is trading at $61,900 at the time of writing, with a negative price change of 5% in the last 24 hours.</p> 
<h2 style="text-align: justify" id="what-is-the-wif-price">What Is the WIF Price?</h2> 
<p style="text-align: justify">Finally, the analyst made statements about <strong>dogwifhat</strong> (WIF), indicating that WIF, which is at the peak of dog-themed meme coins on the Solana network, will remain in a downtrend unless it turns the resistance at $2.40 into support.</p> 
<blockquote> 
 <p>We are back inside the range, now let’s rip off the band-aid. To all the dogs out there, let the hat be WIF for you.</p> 
</blockquote> 
<p style="text-align: justify">According to the trader’s shared chart, there are comments suggesting that the WIF price will fall below $1.20.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376768" src="https://coin-turk.com/wp-content/uploads/2024/08/crv-2-coin-turk-com.png" alt="" width="542" height="275"></p> 
<p style="text-align: justify">At the time of writing, WIF is trading around the $1.70 region after a drop of over 10% in the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrencies-experience-significant-drop-overnight/" data-wpel-link="internal">Cryptocurrencies Experience Significant Drop Overnight</a></h5>
<p>The post <a href="https://en.coin-turk.com/cryptocurrencies-experience-significant-drop-overnight/" data-wpel-link="internal">Cryptocurrencies Experience Significant Drop Overnight</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Cryptocurrencies Experience Significant Drop Overnight

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