The trio of KuCoin, 1Matrix, and VBA planned to transform Vietnam into a digital fairy tale kingdom. They aimed to conjure up pilot trading platforms, digital payment systems, e-identity solutions, and risk management tools that would make even the most skeptical fairy godmother believe in the power of blockchain. Imagine a world where your digital identity is as secure as a unicorn’s horn!
On the daily bitcoin chart, our merry protagonist took a plunge worthy of a peasant’s falling hat-from a lofty $124,000 down to a humble $107,000. Yet like the cunning Cossack rising from the dust, it staged a cheeky rebound, hinting at a temporary truce in this volatile waltz. The floor, firm as a village tavern’s wooden plank, sits near $107,270, while resistance lurks in the $112,000-$114,000 range-a fortress tested often, like a bored landlord looking for rent. The volume sings a strange tune: sellers storm in with raucous vigour while buyers tap in timidly, as if tiptoeing through a field of landmines. Swing traders, those daring folk, eye this scene with hopeful eyes, awaiting a chance to buy low between $107,000 and $108,000-only to exit with pockets jingling near $114,000 to $116,000.
The Pi Network token embarked on a rather rocky journey over the last seven days. It started the week in the red-surprise, surprise-before fighting its way to $0.39 by Saturday, only to plummet to $0.34 by Monday. According to TradingView, this tug-of-war between gains and losses is still playing out at the time of writing.
As chronicled by the wise oracle Lookonchain, this theatrical burn was executed on the Ethereum stage, sending the tokens straight into the abyss-also known as the NULL address, a.k.a. the “blackhole,” where tokens go to vanish faster than promises in a politician’s speech. Once consigned there, these tokens are as irretrievable as the last drop of hope in a Bitcoin investor’s coffee.
The Foundation, ever the beacon of transparency, announced on X on September 2 that it would indeed proceed with this sale. In their communiqué, they assured the community that the proceeds would be used for noble causes, such as advancing the technology, supporting developers, and giving back to those who need it most. The sale, they noted, would be conducted over the coming weeks through centralized exchanges, a process as predictable as the sunrise, yet as mysterious as the dark side of the moon.
XRP charts a sneaky bull flag that’s just begging to hit $5-if resistance plays nice.
Behold the 4-hour chart, revealing before us a descending triangle-grim, unforgiving, usually a harbinger of doom. The price stands, breath bated, at the triangle’s cruel, sharp tip. Logic, that relentless pragmatist, suggests the breakout will be downward, dragging hope and wallets alike into the abyss. Yet fate loves irony; should $ETH break upward-perish the thought!-it would be an auspicious and almost comedic twist of fortune.
On the 2nd of September, data from the esteemed Lookonchain revealed that no fewer than 47 million WLFI tokens were dispatched to the dreaded burn wallet, never to return to the realm of circulation. A rather dramatic step, one might say, considering the token has plummeted nearly 32% from its peak of $0.331 to a much humbler $0.23.
Price action? It’s like a toddler on a trampoline – bouncing between $43.42 and $45.20. The 30-day EMA at $44.04? More like a ‘maybe’ sign. Next move with HYPE? Maybe ask a fortune cookie. 🍵
