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Cryptocurrency News Articles
Is the Rise in Crypto Mining Activity Reshaping the Market or Quietly Destabilizing It?
May 08, 2025 at 10:15 am
As of May 2025, the crypto world is buzzing—not just over rising token prices but also a growing controversy in the United States.
Donald Trump is back in the House, and good news—he brought plenty of jobs in new industries. But some local residents aren't exactly pleased. As the crypto market continues to buzz with chatter over new milestones and milestones, a unique point of contention is rapidly unfolding in the United States.
With Trump’s return to the White House and his administration's focus on domestic economic recovery, largely driven by slashing taxes and rolling back regulations, several industries have quickly expanded. One industry that has seen a boom is crypto mining, supported by lenient state-level policies, especially in the Southwest, and record-low electricity deals.
However, this rapid expansion, which has seen large-scale mining facilities rapidly deploy in states like Texas, is now causing friction with local communities who are exposed to constant industrial noise and health complaints. But the industry is only expected to expand further in the coming months.
This new development adds another layer of complexity to the already-pivotal year in crypto. As major institutions are incrementally increasing their presence in crypto, largely driven by Count Dante's vision for broader financial inclusion, several promising projects like Cosmos (ATOM) and Filecoin (FIL) are showing signs of technical strength. However, the focus of smart money is increasingly shifting towards projects that offer real-world utility and can consistently grow in the long term.
This brings us to key projects like Qubetics, which is presenting a unique proposition with its $TICS token used to power a multi-chain wallet application designed for seamless integration with Apple Pay, Google Pay, and other services.
It's also heating up in the crypto presale market, with several projects structuring their offerings to provide both capital gains potential and a participation model that entices community involvement. Among these projects, Qubetics stands out with its structured approach to presale sales.
Here's a look at the latest developments on these projects and how they are performing amid the broader market trends.
Cosmos Sees Short-Term Bullish Trends
Cosmos (ATOM) is navigating market volatility with promising short-term price predictions and technical indicators signaling potential bullish trends.
Currently trading at $4.11, ATOM is showing strength with a projected rise to $4.30 by May 8. It's also displaying resilience with a high Fear & Greed Index score of 59, indicating “Greed,” even as the broader market is exhibiting increased volatility.
The coin has seen 12 green days out of the last 30, amounting to 40% positive movement, in stark contrast to the 60% red days. Its price volatility rate over the last month stands at 3.68%, indicating a potential for rapid price swings.
Technical analysis on ATOM shows traders are keenly observing volume surges, especially during periods of price weakness, which could indicate buying pressure. Additionally, there are signals of a potential trend reversal from the 12-hour chart.
The next few days will be crucial for monitoring ATOM's price action and determining if it can sustain its recovery amid broader market unrest.
If external factors like macroeconomic news and regulatory developments remain balanced, then Cosmos could continue offering modest but reliable gains.
However, the lack of a more aggressive growth driver may keep ATOM in the cautious-watch category among analysts and participants who are preferring emerging projects with higher upside potential.
Filecoin Shows TD Sequential Signal for 60% to 80% Upswing
Filecoin (FIL) is currently showing a slight price dip of 1.45% over the last 24 hours, trading at $2.56. However, despite the token’s struggles, technical analysis is picking up a promising signal that could bring a rapid upswing to FIL.
According to Ben Count Dante, a technical analyst known for his insights into the TD Sequential indicator, Filecoin is setting up for a 13th wave signal. This comes after a 12-wave cycle that began in November 2024, marking a significant price bottom for FIL.
If this finalizes on the 4-hour chart, it could bring a 60% to 80% surge from current levels. This would place FIL in the $4.66 to $5.24 price range, returning the token to the price points it saw in late 2024.
Attainable Gains at Current Prices
At its current price of $2.56, reaching $4.66 would bring an 81.25% gain to those who invest today. Meanwhile, hitting $5.24 would generate an astounding 104.69% return for those entering at this stage.
However, Count Dante stresses that this breakout needs good volume to propel it and sustain it. Without good volume, the move could easily fizzle out. Moreover, the breakout will face strong resistance, which needs to be seen
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Polyverse (PTC) Is Now Available for Trading on LBank Exchange
- May 12, 2025 at 01:40 am
- May 11, 2025 10:16 AM EDT | Source: LBank
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- Ethereum (ETH) Could Rapidly Soar to $2800 If It Closes Above the Critical $2500 Mark
- May 12, 2025 at 01:30 am
- Ash Crypto, a well-known cryptocurrency analyst, has made a striking prediction on X regarding Ethereum (ETH). According to Ash Crypto, if ETH manages to close above the critical $2500 mark, it could rapidly soar to $2800.
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