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Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot, as favorable tailwinds hovered in cryptocurrencies. For the second week in a row, ETH price action broke above a few significant resistance levels and is building momentum for another leg higher with a possible new all-time high in Ethereum price action.

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"Most people do not have the grasp of their investment thesis and merely follow some influencer and buy such meme coins, " he said. "However, early Doge investors last year did quite well, so it is not as black and white as most want it to be."
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Bitcoin Forecast April 2022

Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Dogecoin, a parody cryptocurrency, soared by 91 per cent after Tesla CEO Elon Must tweeted about it. Picture: Brendan Smialowski / AFP

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CoinMarketCap also warned potential investors that SQUID coin was probably a scam, displaying a warning to “exercise extreme caution” if they bought the cryptocurrency.
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"Most people do not have the grasp of their investment thesis and merely follow some influencer and buy such meme coins, " he said. "However, early Doge investors last year did quite well, so it is not as black and white as most want it to be."

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With cryptocurrencies, the essential point is that the fundamental value is nonexistent, and it is unlikely that the value-based buyers would step in at any price. After all, a stockholder of a healthy corporation is part owner of an entity that has tangible assets and ongoing business and usually pays a dividend. What does ownership of a cryptocurrency assure for the holder?

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    And that, we regret to inform you, has led to some rather silly thinking (highly unusual in the crypto community, we know), specifically of the chart-crime variety:

    CFDs trading are derivatives, which enable you to speculate on cryptocurrency price movements without taking ownership of the underlying coins. You can go long (‘buy’) if you think a cryptocurrency will rise in value, or short (‘sell’) if you think it will fall.
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    The first, Moonshot Buyback, is a colossal buyback that is deliberately executed at critical points in the market, resulting in a giant green candle on the chart, which could explode the Token prices. Moonshot is used when the chart is in desperate need of it. The AutoBoost Buy-Back System activates when Volume is low and modest purchases are made to discourage early sellers. This ensures a proper burn and that the price per token increases each time the buyback is enabled to make the New Cryptocurrency to explode.

    McGurn is part of a legion of investors who are new to cryptocurrencies. Drawn in by the huge gains that started in late 2020 or excitement around dogecoin, they entered the market looking to make some quick money or to avoid missing out on the next big thing.
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  • Litecoin Long Forecast

    It later fell about 10% from its all-time high after Tesla CEO Elon Musk — who is a big fan of dogecoin — tweeted that he does not own any shiba coin. Musk's tweets have frequently moved crypto markets.

    Some weeks back, memecoins were the ‘IT’ coins. Fast forward to today, the cryptos are gradually dumping, particularly, Shiba Inu. As a result, crypto analysts are calling on investors to sell now. According to them, SHIB will fall even more. Interestingly, the Shiba community is rather championing a rally and advising hodlers to buy more SHIB.
    The cryptocurrency, Solana, is up a whopping 17,000 percent this year and is now the fifth-largest cryptocurrency on the market.

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    LEASH was originally set to be a rebase token pegged to the price of Dogecoin. Now, it has been unleashed and will not rebase. With a total circulation of ONLY 100k tokens, it has the opposite appeal to Shib (which has a much larger supply).

    Overall, such a wallet holds almost 13% of the total circulating supply of the Dogecoin killer token, prompting concerns about a possible liquidation triggering a massive selling pressure. But at least, speculation is starting to fade about the wallet being a dormant one because it hadn’t seen any activity whatsoever.
    According to our SafeMoon Price Predictions, the currency might reach around $0.00000738 by the end of 1 year and $0.00001503 by 2025. Digital Coin Price

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Bitcoin price has spent roughly two weeks consolidating around a psychological barrier and shows no affinity to move higher or lower. This indecision indicates reduced volatility and that an explosive move is on its way. One possible fundamental driver for such a move could be the introduction of a spot Bitcoin ETF currently awaiting approval by the SEC. More Bitcoin News Shiba Inu crashes as SHIB whales sell en masse

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