Bittime - Majority of the crypto market today is moving into the red zone. Predictions regarding the crypto market are starting to get busy. Apart from that, there is also the meme coin PEPE which is experiencing an increase, as well as the blockchain game Illuvium which will launch a public beta testnet. The following are the highlights of today's crypto news, May 28, 2024.
CryptoQuant: Crypto Market Still in Bullish Trend
Cryptoquant analyst Crypto Dan provides an optimistic outlook on current crypto market trends. According to him, the crypto market is still in a bullish trend or bull market, and Bitcoin prices have not yet reached their peak.
Crypto Dan predicts the potential for further Bitcoin price increases in early June. The analysis is based on the Market Value to Realized Value (MVRV) indicator which shows whether Bitcoin is in an overvalued (too high) or undervalued (too low) phase.
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Ansem: Crypto Market Is Flat
Ansem, a well-known crypto trader, provides the latest views on the current state of the crypto market. According to him, large coins such as Ethereum (ETH) will likely continue to consolidate (move horizontally), while meme coins have the potential to experience price increases.
The crypto market showed relatively flat movements today, May 28, 2024. Bitcoin (BTC) is still hovering around $28,000, while Ethereum (ETH) is stuck below the $4,000 level. Ansem predicts that ETH has the potential to experience a price increase if it manages to penetrate the $4,100 level on a weekly basis.
Meme Coin Expected to Increase
Mechanism Capital analyst Andrew Kang predicts that meme coins, such as Pepecoin and Apu Apustaja, will experience price increases in the current crypto cycle. This prediction is based on the pattern of wealth spillover effects that occurred in previous crypto cycles.
One of the popular meme coins, PEPE jumped 12% in the last 24 hours, reaching a new All Time High (ATH) value. This PEPE price increase was triggered by various factors, including listing on a new exchange and the popularity of PEPE memes in online communities.
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Illuvium Launches Testnet Public Beta Test
Blockchain game Illuvium announced the launch of its public beta testnet test on May 28, 2024 at 21:00 UTC or May 29, 2024 at 04:00 WIB. This public test allows players to try the game live and participate in the airdrop point calculation mechanism.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Illuvium: Public Beta Testnet Testing Begins in 12 Hours!
Crypto Market Still in Bullish Trend, Bitcoin Predicted to Rise in Early June
ETH Moves Flat, Crypto Markets May Continue to Fluctuate and Lose Longs
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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