Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & DIA – European Wrap 12 September
|Bitcoin pops above $58,000 as improvement in market mood supports risk assets
Bitcoin (BTC) price trades slightly higher around $58,000 on Thursday after finding support around the $56,000 level on Wednesday, supported by an improved market mood for risk assets. This recovery happens despite US Bitcoin Spot Exchange Traded Funds (ETF) recorded mild outflows on Wednesday. On-chain data projects a rise in Bitcoin’s price as its exchange reserves are decreasing and the long-to-short ratio trades above one.
Top 3 meme coins Dogecoin, Shiba Inu and Pepe: Over 45% investors profitable, memes extend gains
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are the top three meme coins by market capitalization that extended gains slightly on Thursday. DOGE, SHIB and PEPE added 1.43%, 1.43% and 2.49% to their value on the day, respectively.
The three meme coins have noted concentration by large wallet investors, who have access to over 1% of the circulating supply.
DIA announces the launch of Lumina and a partnership with Stacks
Decentralized Information Asset (DIA), a trustless Oracle network, unveiled its new Oracle architecture, “Lumina,” on Thursday. This version 2 DIA is designed to serve the latest Web3 builders with maximum flexibility, autonomy, and security. In addition, it struck a strategic agreement with the Stacks ecosystem to support Decentralized Finance (DeFi) apps on Bitcoin’s Layer 2.
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