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CryptoPotato
CryptoPotato
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TL;DR Analysts are optimistic about XRP’s valuation, predicting significant increases in the near future. Certain regulatory developments, among other factors, could propel a significant price rally. Ripple’s Odds of Hitting $1 Despite increasing significantly during the first half of February, the price of Ripple’s XRP has recently pushed the brakes, currently trading below the $0.55 mark. However, the ongoing trends have not stopped multiple analysts from outlining optimistic predictions. The X (Twitter) user EGRAG CRYPTO presented a chart today (February 22), according to which XRP might soon pass through four stages (wicking, ranging, consolidation, and bullish) and reach $1.40 in April. The analyst also envisioned a spike above $0.60 before the end of the month. Dark Defender was bullish, too, suggesting that XRP could surpass the resistance levels of $0.66, $0.77, and $0.91 in the next 60 days. The price projection faced criticism from some X users who claimed that such predictions hardly “ever come to bear fruit.” Dark Defender responded that doubt has been part of the industry for years, reminding about previous successful bets: “When XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time.” The popular trader, using the X handle Doctor Profit, also chipped in, calling Ripple’s token the “next shining bull” and admitting that he had entered its ecosystem with a major investment. Next shining bull is $XRP Bought 500k recently See you in 30-60 days! — Doctor Profit (@DrProfitCrypto) February 20, 2024 Some of the Previous Forecasts Earlier this week, EGRAG CRYPTO and Dark Defender made even more bullish predictions. The former maintained that XRP’s next support levels are $0.75, $1, $1.50, and $1.96, expecting the last to be reached by the end of the year.  Dark Defender assumed that the asset’s price could ascend to $2 by mid-2024 and continue rising to an all-time high of $6 in the following months. Those curious to explore some essential factors that hint about an XRP bull run in the near future could take a look at our dedicated video below: The post Here’s When Ripple (XRP) Will Hit $1.40 According to Popular Analyst appeared first on CryptoPotato.

7 days ago
CryptoNewsLand
CryptoNewsLand
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XRP’s price experienced an 8% retracement to $0.53 but showed resilience amidst selling pressure. Despite lagging behind rival coins like Avalanche and Ethereum in gains, XRP saw a 7.4% increase. The trading volume for XRP dropped by 73.2% from its peak on February 15 to 22, indicating a decline in trading activity. XRP experienced a notable setback, declining by 8% to a weekly low of $0.53 on February 22nd. However, amidst this downturn, traders displayed resilience, signaling an intent to hold out for a potential rebound. A week earlier, XRP had surged to a peak of $0.58 on February 15th, driven by favorable conditions within the layer-1 crypto sector. Despite slipping below $0.55 in subsequent days, investors refrained from instigating a significant sell-off. Source: TradingView This behavior mirrored trends in other layer-1 coins like Avalanche, Solana, and Ethereum, which all witnessed substantial gains. While XRP trailed its counterparts with a 7.4% uptick, it still reached a monthly high before its retracement. On-chain data analysis revealed a prevailing bullish sentiment among XRP holders, even amidst the price decline. Notably, trading volume plummeted by 73.2% between February 15th and 22nd, while the price only dipped by 8%, indicating underlying investor confidence and anticipation of a rebound. Factors such as the overall growth in the altcoin market cap, coupled with historic peaks in Bitcoin and Ethereum prices, further supported optimism for XRP’s recovery. However, challenges remain, with resistance seen around the previous peak of $0.58 and crucial support at the $0.50 mark. The coming days will determine whether XRP bulls can defend key levels and drive the price towards a potential breakout above $0.60 or if bears will exert pressure, leading to further declines. Read also: XRP’s Path to $1.87: Expert Analyst Predicts 269% Rally Despite Recent Setbacks How Top Analyst’s Long-Term Outlook Fuels XRP Enthusiasm: $0.8888 & $1.0507 Predictions XRP’s Potential Rebound: Top Analyst Sets Targets from $0.60442 to $1.88 XRP’s Cup & Handle Pattern: A Bullish Signaling for $1.05 & $1.88 Targets XRP’s Potential $3.39 Increase, Analyst Weighs In The post XRP Bulls Stand Firm as Price Dips: Will $0.50 Be Defended? appeared first on Crypto News Land.

6 days ago
CryptoNewsLand
CryptoNewsLand
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VeChain (VET) bullish signals ignite optimism among traders and analysts. One trader anticipates VET to hit 50X or 140X explained in detailed chart analysis. The blockchain’s positive weeks, record transactions, and token spikes fuel enthusiasm. In the crypto realm, VeChain (VET) is currently basking in the sunshine of positive predictions and bullish sentiments from crypto traders and analysts. The community’s optimism has surged as VeChain experiences its first-ever weekly ‘Golden Cross,’ a significant bullish signal indicating potential upward price movement. VeChain Sees First Ever Weekly 'Golden Cross,' a Bullish Signal. #vechain #VeFam #VET pic.twitter.com/CTWDM4j2v1 — Lucas Ⓥ (@LucaLucasv) February 22, 2024 In addition, Ergag Crypto, a renowned analyst, has taken a deep dive into VeChain’s potential, presenting a detailed analysis accompanied by a chart. In his assessment, Ergag Crypto speculates that VET has the potential for a remarkable surge, suggesting it could either experience a 50X or 140X increase in value. #VET Either 50X or 140X! :A) If we see a percentage increase similar to "Move A," then 50X could be in play.B) If we witness a percentage increase similar to "Move B," then 140X could be in play.Which scenario do you think is more plausible, possible, and probable?… pic.twitter.com/3A85sgidek — EGRAG CRYPTO (@egragcrypto) February 22, 2024 Ergag Crypto outlines two possible scenarios for VeChain’s future trajectory. In Scenario 1, if the percentage increase aligns with “Move A,” a 50X surge could be on the horizon. In Scenario 2, a percentage increase akin to “Move B” might propel VeChain to an astounding 140X growth. VeChain’s recent weeks have been marked by positive developments, including significant partnerships and a surge in record-breaking transactions on its blockchain. Both native tokens, VeChain (VET) and VeThor (VTHO), have witnessed substantial price increases, with VET soaring by over 30% and VTHO experiencing a remarkable 100% surge. The VeFam community eagerly anticipates new all-time highs for both assets, reflecting the overall bullish sentiment surrounding VeChain. As exciting times unfold for VeChain, the crypto world eagerly awaits the unveiling of major news expected at the end of the month, further fueling positive expectations for the blockchain’s future. Read Also 3 Tokens With 50x ROI Potential Uphold Back Online After Outage Due to 50x Spike in XRP Trading Volume How XRP’s Value Might Soar to $14: Understanding the 50x Rise Prediction VeChain Set to Soar: Predicted to Break Through $0.783 in 2024 2024 VeChain Price Forecast: VET to Break Through $0.1032 The post VeChain’s Bullish Momentum Continues as Analysts Predict 50X or 140X appeared first on Crypto News Land.

6 days ago
Cryptopolitan
Cryptopolitan
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In the fast-paced world of cryptocurrency trading, predicting the next big winner can be akin to finding a needle in a haystack. Yet, seasoned analysts sometimes manage to decipher patterns and trends that point to potential breakout stars. One such analyst recently made waves by accurately forecasting Ethereum’s monumental surge to $2800. Now, this same analyst is turning heads once again, unveiling Retik Finance as the next altcoin poised for significant growth. Priced at a mere $0.12 today, Retik Finance holds the promise of substantial returns for investors willing to seize the opportunity. Ethereum’s Milestone and the Power of Predictive Analysis Ethereum’s meteoric rise to $2800 sent shockwaves throughout the cryptocurrency community. While some dismissed it as an anomaly, others recognized the significance of this milestone. Among those who foresaw Ethereum’s ascent was an astute analyst with a track record of accurate predictions. Leveraging a deep understanding of market dynamics and technical indicators, this analyst identified key factors propelling Ethereum’s surge, including growing adoption, institutional interest, and the rise of decentralised finance (DeFi). Armed with this insight, investors who heeded the analyst’s advice reaped substantial profits. Unveiling Retik Finance (RETIK): The Next Gem in the Altcoin Universe Now, the same analyst who forecasted Ethereum’s historic rise is shining a spotlight on Retik Finance. Priced at a mere $0.12 today, Retik Finance is positioned as the next big winner in the altcoin market. But what sets Retik Finance apart from the myriad of other cryptocurrencies vying for attention? Revolutionising Decentralised Finance (DeFi) At the heart of Retik Finance’s appeal lies its disruptive approach to decentralised finance (DeFi). Unlike traditional financial systems plagued by inefficiencies and barriers to entry, Retik Finance offers a holistic ecosystem that caters to the evolving needs of investors. From futuristic DeFi debit cards to AI-powered P2P lending, Retik Finance is at the forefront of innovation in the DeFi space. By leveraging cutting-edge technologies and embracing user-centric design principles, Retik Finance is poised to redefine global transactions and revolutionise how we think about finance. Impressive Presale Performance One of the key indicators of Retik Finance’s potential is its remarkable presale performance. In just three months, Retik Finance has raised a total of $27,923,937, with the total token allocation also surpassing 365 million. This unprecedented level of support underscores the community’s confidence in Retik Finance’s vision and capabilities. With a strategic 10-stage presale structure and ongoing incentives like the $333,000 giveaway, Retik Finance has created a buzz in the investment landscape, attracting savvy investors eager to capitalise on the next big opportunity. Commitment to Security and Transparency Retik Finance stands out for its unwavering commitment to security and transparency in an industry plagued by security concerns and fraudulent schemes. The project has undergone a rigorous audit by Certik, a renowned blockchain security firm, receiving validation for the robustness of its smart contracts. Moreover, Retik Finance’s strategic listings on major platforms like CoinMarketCap and CoinGecko further enhance its transparency and credibility, instilling confidence in investors and users alike. Addressing Challenges in Traditional Finance Retik Finance’s rise comes when traditional finance systems face mounting challenges. From accessibility barriers to exorbitant fees, traditional banking systems have long struggled to meet the needs of underserved populations. Retik Finance aims to bridge this gap by offering inclusive financial solutions that empower individuals worldwide. By leveraging blockchain technology and decentralised protocols, Retik Finance is democratising access to finance, opening up new opportunities for economic empowerment and financial freedom. Looking Ahead: The Road to a Potential $1 Mark As Retik Finance (RETIK) continues to gain momentum, investors are left wondering: what lies ahead for this promising altcoin? With a current price of $0.12, Retik Finance has already captured the attention of savvy investors looking to capitalise on its potential. But the journey to widespread adoption and mainstream recognition is just beginning. As Retik Finance expands its ecosystem, strengthens its partnerships, and enhances its offerings, the path to $1 becomes increasingly plausible. With a solid foundation and a clear vision for the future, Retik Finance is well-positioned to emerge as a dominant player in the altcoin market, delivering substantial returns for investors who dare to dream big. Conclusion Retik Finance’s emergence as the next big winner in the altcoin market is a testament to the power of predictive analysis and innovative thinking. Priced at a mere $0.12 today, Retik Finance holds the promise of substantial growth and widespread adoption in the months and years to come. As investors eagerly await the next breakout star in the cryptocurrency universe, all eyes are on Retik Finance as it charts a course toward unprecedented success. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

7 days ago
Coinpedia
Coinpedia
followers

The post Bitcoin Price Prediction For March: Will BTC Price Hit New ATH In the Coming Month? appeared first on Coinpedia Fintech News Cryptocurrency analyst Kevin Cage shared his analysis on the current state of the market, focusing on Bitcoin’s possibility of achieving an all-time high price in 2024. Cage began by discussing his reasons for believing in Bitcoin’s upward trajectory, citing historical data and technical indicators. Cage began by stressing his belief in Bitcoin’s ability to achieve an all-time high price shortly. He pointed to historical trends and technical indicators, such as the 50% Fibonacci retracement level and the importance of monthly RSI levels. According to his analysis, Bitcoin could reach a new peak between March 18th and May 27th of the current year, with price targets ranging from $80,000 to $150,000 based on Fibonacci extensions. The analyst also addressed potential bearish concerns, including the possibility of Bitcoin retracing to around $20,000, explaining the importance of key support levels and chart patterns. Despite discussing the speculative nature of price predictions, Cage provided a detailed overview of the factors influencing Bitcoin’s price trajectory. Drawing parallels with previous market cycles, Cage pointed out that Bitcoin has consistently surged to record levels after surpassing this critical retracement level. Coming to altcoins, Cage discussed his recent investment in Cubic, a relatively new project in the AI sector. He mentioned Cubic’s founder, who was previously involved in developing Iota, underscoring the project’s potential for growth in the burgeoning AI-driven cryptocurrency space. Cage explained Cubic’s unique use case and the significance of computational power in solving AI-related tasks. Regarding price targets for Cubic, Cage noted the challenges posed by its initial supply and distribution model, which includes a weekly release of one trillion tokens over 19 years. However, he expressed optimism about the project’s deflationary mechanisms and fair launch.

8 days ago
ZyCrypto
ZyCrypto
followers

In their usual fashion, market analysts are making bold price predictions for crypto assets, especially altcoins, at this time. Cardano (ADA) is one such asset poised to make an upward price correction in the long term. The analyst, Ali Martinez, a prominent market observer and crypto investor, has outlined his observations and expectations for the 8th most-valued digital currency by market cap. In a recent post shared with X, the analyst highlighted a chart pattern that seemed to be a repeat of a pattern spotted in 2020, when the pandemic triggered a crypto market crash that caused ADA to experience a noticeable price dip. If ADA imitates this pattern entirely, the asset could remain in a consolidation phase for the next four months, says the analyst. “Should the patterns align and Cardano mirrors its late 2020 price behaviour, we can anticipate ADA to remain in a consolidation phase until April 2024, setting the stage for its next bull rally!” — Ali Martinez. Notably, consolidation happens when a cryptocurrency stagnates and trades between two levels. At this point, the market tends to suggest indecisiveness on where the asset is headed in the long term. When the asset eventually breaks upwards or downwards, it puts an end to the consolidation phase and introduces the beginning of a new trend. ADA can sustain a bullish momentum if the patterns from 2020 are perfectly consistent with its current pattern and could result in ADA tapping $8 for the first time this year, the analyst added. For context, ADA is positioned on its way to reclaiming previous support levels over the $0.65 price point as well. Although the asset has had a rather slow recovery over the past month, ADA bulls have remained active. Meanwhile, at press time, ADA is trading for $0.6. Bulls have a long way to go as weekly, daily, hourly, and monthly losses continue to pile up. Meanwhile, on-chain data sheds light on market sentiments amongst investors and traders. According to on-chain metrics, crypto market caps lack the usual growth traders have been accustomed to since the bull cycle kicked off in October. This has stirred up a bearish sentiment that has spearheaded crypto discourse this week. Cardano (ADA) and five other assets are all uniformly in a more negative crowd sentiment range than historical averages. As Santiment further explains, “This is the first time in over 6 months that this has occurred. When traders become concerned and show FUD across multiple large assets, it is a signal that market caps have a higher likelihood of seeing an impending bounce. Markets historically move in the direction of the crowd’s least expected direction, making a rise catch many short traders off guard.”

9 days ago
Coinstages
Coinstages
followers

A recent forecast from CryptoBull (@CryltoBull2020), an XRP analyst, has sent ripples through the cryptocurrency community, sparking both excitement and skepticism. The bold prediction suggests a dramatic price surge for XRP, echoing patterns observed seven years ago. Under this scenario, XRP is projected to reach $2 by March, $6 by April, and a staggering $39 by May. However, reactions to this prediction are far from uniform. Some doubt this prediction outrightly, confidently stating that this surge will not happen, while some remain cautious, urging holders to exercise caution and consider profit-taking at the opportunity presents itself, as waiting for the surge to $39 could trap them in an unexpected bear market. Another user, while acknowledging the likelihood of a significant increase, believes the astronomical target might only be attainable in the longer term, setting 7 years as a potential target. Strategic Partnerships Fuel XRP Optimism Fueling the optimism are Ripple’s ongoing efforts to solidify its position in the cross-border payments arena. Ripple’s game-changing partnerships, such as the recent acquisition of Metaco and collaboration with HSBC, have increased the bullish sentiment surrounding XRP. Metaco’s strategic value lies in its ability to unlock multi-trillion-dollar markets. Its focus on tokenization, payment and liquidity integration, digital asset custody, and tokenized securities aligns perfectly with Ripple’s ambitions. Moreover, HSBC’s involvement in KYC processes ensures regulatory compliance, providing a secure foundation for Ripple’s expansion plans. After experiencing a protracted period of price stagnation, XRP holders are understandably hopeful that this might be the long-awaited turning point. Nevertheless, lingering anxieties persist regarding potential regulatory hurdles, despite XRP’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) nearing its end. Whether these concerns materialize as roadblocks or simply pave the way for a transformative ascent for XRP remains to be seen. Is an XRP Surge Coming? While the analyst’s prediction certainly paints a captivating picture, it’s crucial to approach it with a discerning eye. Historical comparisons, while offering valuable insights, do not guarantee absolute replication. Moreover, the cryptocurrency market remains inherently volatile, susceptible to external factors that can trigger unforeseen fluctuations. Ripple’s commitment to facilitating faster, cheaper, and more secure cross-border transactions holds significant potential to revolutionize the financial landscape. By collaborating with established institutions like HSBC and leveraging innovative solutions like Metaco, Ripple is laying the groundwork for a future where XRP plays a pivotal role in global commerce. Ripple is still reportedly committed to making XRP a global reserve currency, as seen by the absence of an XRP-backed stablecoin on the XRP Ledger (XRPL). With the firm’s advancements, CryptoBull’s predictions have become more likely to come true soon. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #XRP🚀

8 days ago
Coinpedia
Coinpedia
followers

The post Bitcoin, Ethereum, and Solana Price Predictions: BTC, ETH & SOL Price On Verge Of Major Breakout appeared first on Coinpedia Fintech News Cryptocurrency analyst Josh of Crypto World recently discussed the potential for significant breakouts in both Bitcoin and Ethereum. With Bitcoin hovering near crucial levels, Josh opened up about the importance of the impending breakout.  Bitcoin’s price, currently around $52,000, is on the verge of confirming a major breakout above the golden pocket range of $48,000 to $50,000. Confirmation would require a weekly candle close above $50,000, signaling further bullish momentum. Josh spoke about the significance of this breakout, indicating a possible move towards an all-time high in the coming months. At the time of writing, Bitcoin is up by more than one percent and is trading at $52,158. Josh also noted the continued inflows into Bitcoin ETFs, suggesting ongoing bullish pressure, particularly during weekdays when stock markets are open. However, Josh warned against expecting uninterrupted bullish momentum, especially over the weekend, due to reduced ETF trading activity and potential sideways consolidation. He pointed out the upcoming holiday on Monday, which could further influence market dynamics upon the stock market’s reopening on Tuesday. Ethereum Price Analysis In Ethereum’s case, Josh explained a similar potential breakout scenario above the golden pocket range of $2,530 to $2,670, with a weekly candle close above $2,700 as confirmation. Given that Ethereum is already trading near the $2,900 level, he said that this breakout, if realized, could establish new support levels and pave the way for further upside momentum toward $3,400 to $3,500. At the time of writing, Ethereum is trading at $2900 levels, up by more than 3 percent. Solana Price Analysis Additionally, Josh discussed Solana’s price action, noting a recent retest of the golden pocket range between $115 and $117. While highlighting a potential head and shoulders pattern forming, he advised caution. Solana is trading near the $113 level.

9 days ago
CryptoPotato
CryptoPotato
followers

TL;DR XRP’s price recently increased by 11%, with predictions indicating potential significant growth in the near future. The ongoing legal battle between Ripple and the SEC, along with market and regulatory factors, could be crucial for XRP’s price trajectory in the following months. Most Recent XRP Predictions Ripple’s XRP did not start the year on the right foot, erasing much of the gains registered in 2023 and dropping below the $0.50 mark at the beginning of February. However, bulls stepped in during the past few weeks, with the asset’s price up 11% on a 14-day scale (per CoinGecko’s data). Some analysts believe the uptrend could continue in the following months, with the X (Twitter) user EGRAG CRYPTO among the examples. The expert provided a chart, according to which XRP has encountered resistance at $0.61 (depicted as the Fibonacci Speed Resistance Fan).  EGRAG CRYPTO maintained that the next support levels are $0.75, $1, $1.50, and $1.96. The last is expected to be reached by the end of 2024, following which FOMO (Fear of Missing Out) might kick in and propel a price explosion toward $27.  Dark Defender also gave their two cents, assuming that XRP could spike to $2 by mid-2024 and continue rising to an all-time high of $6 before the end of the year.  The crypto analyst, using the X handle Marzell, laid out a short-term forecast, envisioning a 30% price jump to approximately $0.72 during the ongoing week. Those curious to explore several important signs that hint about an XRP bull run during 2024 feel free to take a look at our latest video below: ChatGPT’s Estimation The popular AI-powered chatbot recently outlined several crucial factors that could trigger a potential XRP price surge toward the $2 milestone.  The first, and perhaps the most obvious one, is the outcome of the legal battle between Ripple and the United States Securities and Exchange Commission (SEC).  The trial between the two parties is scheduled for April 23, with the company securing three partial court wins throughout 2023. The regulator also achieved a small victory as of late, with Judge Sarah Netburn ruling that Ripple should disclose important financial records for 2022 and 2023 (as insisted by the SEC). ChatGPT estimated that favorable market sentiment, an appropriate cryptocurrency regulatory framework, and adoption could also play a role in XRP’s future price trajectory. The post Ripple (XRP) Bull Run to $2? Here’s When This Might Happen According to Analyst appeared first on CryptoPotato.

10 days ago
Bitcoinist
Bitcoinist
CoinQuest
CoinQuest
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Whales Buying Bitcoin (BTC) and Ethereum (ETH) Dump: The Beginning of a Bull Run? In the world of cryptocurrency, every move can send ripples through the market. Recently, Josh highlighted intriguing developments regarding Bitcoin (BTC) and Ethereum (ETH), suggesting a significant shift may be underway. 🐋 Whales Activity and Market Dynamics Josh pointed out that Bitcoin and Ethereum are teetering on the edge of confirming a major breakout on larger time frames. However, a new warning signal has emerged on smaller time frames for Bitcoin, hinting at a potential shift in price patterns. 💡 Technical Analysis Insights Bitcoin's weekly chart suggests a breakout above $50,000, historically leading to new all-time highs post-halving. Despite short-term indicators signaling a slight loss in bullish momentum, the overall sentiment remains bullish. On the Ethereum front, a breakout above $2,700 is anticipated on the weekly timeframe. 🔄 Bitcoin Halving Predictions Analyst Rekt Capital discussed potential scenarios surrounding Bitcoin's price movement leading up to the halving event. Stressing historical patterns observed around previous halvings, they noted a tendency for retracements to occur around the event itself. Historically, macro downtrend breaks often signal the onset of a new uptrend leading up to the halving event. Rekt Capital emphasized the importance of understanding historical resistance levels to anticipate potential price tops in the current cycle. 📈 Conclusion As Bitcoin and Ethereum navigate through pivotal moments, the market awaits confirmation of a bullish breakout. With whale activity, technical indicators, and historical patterns in focus, investors brace themselves for potential shifts that could mark the beginning of an exciting bull run in the cryptocurrency realm. $BTC $ETH #Write2Earn #TrendingTopic #BTC #AmanSaiCommUNITY #Ethereum(ETH)

10 days ago
Coinstages
Coinstages
followers

VeChain (VET) has been under the spotlight, with EGRAG CRYPTO, a prominent analyst, reaffirming his belief in the project. In a post on X, the analyst expressed his certainty in the crypto project granting financial freedom to its users; he said, “VET will unlock your financial chains”. Despite facing setbacks in his initial predictions, EGRAG’s confidence in VET has not wavered. Last December, he identified three key target points for the asset, which they’ve not met to date. Nevertheless, in his latest update, he not only retains his optimism but also outlines a critical condition that could set VET on a path to remarkable growth. The analyst said the asset must close the week’s trading candle above the Fibonacci 0.382 level, corresponding to $0.04318. He added that reaching this milestone will reinforce its rise towards the Fibonacci 0.702 level, equating to a $0.11 price for VeChain (VET). As of the latest update, VeChain is changing hands around the critical price point, trading at $0.04358. However, it remains to be seen if this price can be maintained or go higher by the week’s end. The Journey to Unprecedented Heights If VET sustains its current price level, EGRAG envisions an ambitious 152% rally to the $0.11 mark. This target, however, is just the beginning. The analyst forecasts a series of bullish projections that could see VeChain reach between $0.68108 and $1.05763 and go further to reach $1.99 and $2.3, indicating a potential 5,186% increase from its current value. Achieving a price of $2.3 would not only surpass the asset’s previous all-time high of $0.2782 but would also set a new benchmark for its market performance. Validation from Other Analysts Renowned analyst Ali Martinez shares a similar sentiment as EGRAG. However, he anticipates a subsequent bull run propelling VET to a staggering $0.70 by November, representing a monumental 1,506% increase from current prices. He said in a post on X, “It feels like it will be a big week for #VeChain ! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and a bull run to $0.70 by November!”. This collective optimism underscores a growing belief in VeChain’s potential to outperform its previous market cycles, possibly reaching formidable price points this season. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #VeChain #VET

11 days ago
Coinstages
Coinstages
followers

XRP currently finds itself at a crossroads, as it has failed to regain the $0.6 mark despite Bitcoin’s recent surge beyond $50,000. The digital asset is trading at $0.55, lingering between two key technical indicators: the 21 Exponential Moving Average (EMA) and the 55 Moving Average (MA). This price range, highlighted by prominent analyst EGRAG CRYPTO (@egragcrypto), presents a pivotal moment for XRP’s future trajectory. A decisive breakout, particularly above $0.60, could trigger a significant upswing while remaining within the range might lead to a downward correction toward $0.45. A Mega Move for XRP Although XRP has managed about a 6% upsurge over the week, EGRAG CRYPTO’s vision extends beyond a simple breakout. He foresees a potential “Mega Move” scenario, triggered by surpassing the $0.60 resistance level and breaching the 21 EMA. This decisive action, according to him, could unlock a remarkable 500% price surge, propelling XRP to a staggering $2.20. But the journey doesn’t end there. The analyst drew parallels between the current situation and the pre-bull run phase of 2017 when XRP exhibited a similar pattern of being trapped between the 21 EMA and 55 MA. Following the breakout, XRP witnessed a phenomenal 7,000% surge, skyrocketing from $0.0302 to $2.00. The analyst posits that this historical precedent suggests the potential for an even more dramatic ascent after it reaches the anticipated $2.20 mark. He envisions a further 7,000% climb, catapulting XRP to $139, farther above its price all-time high of $3.84. Are These Targets Feasible? Another analyst recently predicted a huge breakout for XRP, and while these predictions seem audacious, EGRAG CRYPTO grounds them in technical analysis and historical context. He points out that XRP is completing a W formation on the 2-week chart, which coincides with the ascending triangle pattern forming as the token attempts to break free from the 21 EMA and 55 MA. Another factor supporting this surge is the growing market interest in XRP, evidenced by a 14.59% spike in trade volume over the past 24 hours. This increased activity positions the digital asset as the seventh largest asset by 24-hour volume, with a volume of $1.8 billion, indicating potential anticipation among investors for an upcoming price movement. Meanwhile, another prominent analyst recently predicted an even larger upswing for XRP based on three bullish signals. All signs point toward massive surges in XRP’s future, and 2024 could be a spectacular year for the digital asset. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #XRP🚀

11 days ago
Coinstages
Coinstages
followers

Shiba Inu (SHIB), the notorious “Dogecoin Killer” and second-largest meme coin, rose to prominence with a spectacular performance in 2021 and has retained its position in the market due to its loyal community and passionate developers working to make it more than just another meme coin. With all the exciting developments in the Shiba Inu ecosystem, many are wondering when the efforts will pay off and how long it will take for SHIB to reach $0.001. While its future remains uncertain, several analysts and AI models have weighed in on its potential price trajectory, sparking interest among investors. Recent Price Surge and Current Standing The recent resurgence in the crypto market has given SHIB a boost, pushing it above the $0.00001 mark for the first time since January. This rally, however, was met with resistance, and the meme coin dropped to $0.000009677. Despite the recent dip, the digital asset is still up 4% over the past week, increasing optimism for its future. Analyst Projections Several analysts have offered their predictions for SHIB’s price in the coming years, with varying degrees of optimism. Changelly, for instance, adopts a cautious approach for the near future, predicting a slight drop in February, with a low of $0.000008713 on February 28. However, Changelly expects SHIB to recover quickly, regaining the $0.00001 level by March 1. SHIB is already looking to delete another zero, and Changelly’s bullish outlook sees SHIB reaching a maximum of $0.0000149985 in 2024. However, the digital token is expected to drop to $0.00000821 by December 2024. Changelly does not expect SHIB to reach the coveted $0.001 mark before 2033. The maximum predicted price for 2033 is $0.000463, and the maximum for 2040 is $0.0084, suggesting that SHIB will reach $0.001 between 2033 and 2040. Telegaon, a prominent crypto analytics platform, shares a similar sentiment but provides a more specific timeline. Its analysis suggests SHIB could reach $0.001 by 2035, with a potential peak of $0.00216 for the year. AI Model Insights Beyond traditional analysts, AI models like Google Bard (now Gemini) and ChatGPT have also offered their perspectives. Bard highlighted that it went with a data-driven approach, considering factors like SHIB’s circulating supply, current price and price history, and overall sentiment among users on social media. It predicted that SHIB could reach this price by 2050. ChatGPT, on the other hand, presents a more optimistic near-term outlook, predicting SHIB could reach $0.001 By 2030. Meanwhile, a prominent analyst recently set the timeline for SHIB to take off, and it could soon begin its journey to this ambitious target. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #SHIBAnalysis #Shibainu

11 days ago
Cryptos Headlines
Cryptos Headlines
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A crypto expert warns short-term traders about a possible 40% drop in Bitcoin’s price before it makes a long-term surge to $150,000. Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com Recently, Bitcoin (BTC), the biggest cryptocurrency, saw its price shoot up past $52,000. This has made many people feel positive about Bitcoin’s future, with hopes rising for it to reach $100,000. Some experts even think it could eventually hit $150,000. But before that happens, there might be a drop in Bitcoin’s price of around 40%. Michaël van de Poppe’s Bitcoin Price Predictions Bold Forecasts and Market Analysis: Renowned cryptocurrency analyst Michaël van de Poppe has made bold predictions about the trajectory of Bitcoin’s price. He foresees a rally to $150,000 but suggests it will be preceded by a significant pullback. Poppe’s recent analysis highlights the possibility of a 40% correction in Bitcoin’s price before it resumes its upward trend. Sentiment and Market Volatility: Poppe emphasizes the impact of market sentiment on price movements, noting that emotions often lead to exaggerated fluctuations. He warns that sentiment-driven volatility can result in both rapid surges, like Bitcoin’s rise to $50,000, and subsequent corrections. Strategic Advice for Traders and Investors: Poppe advises traders and investors to develop a strategic game plan based on their risk tolerance and investment horizon. For short-term traders, he suggests caution, particularly when prices have surged quickly. He emphasizes the importance of assessing risk-reward ratios before making trading decisions. Timing and Investment Strategy: Poppe anticipates a pullback after Bitcoin’s price peaks between $53,000 and $58,000. However, he suggests that long-term investors could benefit from waiting for a standard 20% to 40% correction before entering the market. By adopting this approach, investors can capitalize on market dips and manage their emotions effectively. Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com Impact of Macroeconomic Events on Bitcoin Price Analysis by Michaël van de Poppe: Van de Poppe discussed how macroeconomic events, such as the release of the Consumer Price Index (CPI) data, can influence Bitcoin’s price movements. He warned that negative macroeconomic developments could swiftly turn the market bearish. According to him, any hint of unfavorable macroeconomic events could indicate an impending correction in Bitcoin’s price. Volatility Triggered by PPI Data: The release of hot January Producer Price Index (PPI) data added to the already extreme volatility in the market, compounded by the impact of the January CPI report. Despite the potential for short-term volatility, Van de Poppe remains optimistic about Bitcoin’s long-term prospects, foreseeing a rally to $150,000. Bullish Outlook by Other Analysts: In addition to Van de Poppe’s predictions, other analysts also offered a bullish outlook for Bitcoin’s price, setting a target of $100,000. Despite short-term fluctuations driven by macroeconomic factors, the overall sentiment remains positive regarding Bitcoin’s future trajectory. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #Bitcoin #Altcoin #Cryptocurrency #CryptoNews #NFTs

11 days ago
ZyCrypto
ZyCrypto
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If the price of doggy-themed crypto Shiba Inu (SHIB) rocketed to the $1 mark, millions of holders would turn into millionaires and billionaires overnight. However, SHIB hitting that milestone is unlikely to happen this year, according to one crypto analyst. SHIB Unlikely To Reach $1 Milestone  Shiba Inu most probably will not touch the coveted $1 mark anytime soon. According to cryptocurrency expert Zach Humphries, predictions calling for $1 SHIB are “garbage”. Humphries posited in a YouTube video that the self-proclaimed Dogecoin killer will never be valued at $1 per coin. In his words: “It’s not going to happen.” The analyst based his argument on the fact that If SHIB were to hit $1, it would not only become the most valuable crypto asset but end up being worth more than the entire world economy. “Nothing is bigger than Apple on the stock market side of things. Nothing is bigger than Bitcoin on the crypto side of things,” he summarized. An Insurmountable Obstacle Since it popped up in 2020, SHIB has jumped by an impressive 600,000%, making it the 20th largest crypto on the crypto leaderboard. Although Shiba Inu is still considered a joke cryptocurrency, its community and dedicated developers are doing their best to help it shed the memecoin status. As of February 2024, the price of Shiba Inu sits at $0.000009629, down roughly 88.8% from its all-time high of $0.00008616 set in October 2021. The canine-themed crypto has remained firmly under the grip of bears for over a year despite Shibarium updates and ongoing SHIB token burns. Shibarium, initially touted as a key Ethereum-based Layer-2 solution for the Shiba Inu network, is currently facing challenges in maintaining user interest and remaining relevant in the evolving crypto landscape as new alternatives emerge. Techniques like token burning, aimed at propelling SHIB past the $1 region by reducing circulating supply, could offer a short-term price boost but cannot ensure growth in the long term without meaningful ecosystem developments and mainstream adoption. No matter how parabolic the next bull run might be, there is zero chance Shiba Inu will reach $1. But that doesn’t mean the token won’t erase a few zeros and send a major glimmer of hope to the SHIBArmy currently hoping for a new all-time high.

11 days ago
Cryptor23
Cryptor23
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The highly anticipated Bitcoin halving of April 2024 looms large, poised to once again reduce the block reward for miners by 50%. This event, historically linked to significant price surges, has ignited a heated debate among analysts regarding its potential impact on the cryptocurrency's trajectory. While some envision a repeat of past glory, others paint a more cautious picture, highlighting the evolving landscape surrounding Bitcoin.A Look Back: The Halving's Historical FootprintExamining past halving events reveals an intriguing pattern:2012: The inaugural halving witnessed a modest 4x increase in price within a year. Back then, Bitcoin was still in its nascent stages, lacking widespread recognition.2016: This halving witnessed a meteoric 26x rise, propelling Bitcoin from $300 to $8,000 in just two years. The world was starting to take notice.2020: Despite initial excitement, the 2020 halving delivered a "disappointing" 3x gain, reaching $40,000 within a year. Experts attribute this to the COVID-19 crash and China's mining crackdown.Divergent Paths: Bullish Bets and Cautious CallsFast forward to 2024, and the predictions concerning the upcoming halving are as diverse as the analysts themselves:The Bullish Outlook:Charles Edwards, founder of Capriole Investments, predicts a significant upswing, envisioning a $280,000 Bitcoin by 2025. He cites quantitative easing, a weaker dollar,and the potential impact of spot Bitcoin ETFs as key drivers.PlanB, a pseudonymous analyst known for his Stock-to-Flow model,forecasts a $1 million Bitcoin by 2025, based on historical halving cycles and the concept of increasing scarcity.The Bearish Counterpoint:Nouriel Roubini, a renowned Bitcoin critic, remains unconvinced. He argues that the halving's impact diminishes with each cycle and predicts a price correction instead of a surge.Holger Zschaepitz, a Markets.com analyst, warns of a potential "post-halving hangover," citing regulatory concerns and competition from other cryptocurrencies as dampeners.Beyond the Halving: Unveiling the True CompassWhile the halving undoubtedly plays a role, analysts emphasize that other factors will heavily influence Bitcoin's post-halving trajectory:Institutional Adoption: Increased involvement from financial institutions could fuel demand and price appreciation.Regulatory Landscape: Clear and supportive regulations could bolster confidence and attract new investors.Macroeconomic Factors: Global economic conditions and inflation could impact investor risk appetite.Technological Advancements:Innovations within the Bitcoin ecosystem could unlock new use cases and drive adoption.Conclusion: Embracing the UncertaintyPredicting Bitcoin's future is notoriously difficult. While the halving has historically triggered price surges, the upcoming event unfolds in a vastly different landscape. Whether history repeats itself or a new narrative emerges, one thing is certain: the post-halving period will be a volatile and dynamic one for Bitcoin investors. So, it is crucial to approach this event with a nuanced understanding of both historical trends and the evolving factors shaping the cryptocurrency's ecosystem. #Write2Earn #TrendingTopic

11 days ago
Cointelegraph
Cointelegraph
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Bitcoin (BTC) starts the last full week of February above $52,000 — a fresh two-year record for the weekly close. BTC price strength shows little sign of reversing downward as bulls propel the market ever closer to all-time highs. What does the road ahead have in store? Traders and market observers are as conflicted as ever over the timing, but consensus increasingly calls for further upside. Bitcoin has successfully navigated turbulence from the year’s major events to date, and with the block subsidy halving now just two months away, bets are on for a rally in classic fashion. The picture farther out looks less predictable — BTC/USD may top later in 2024 before beginning a “secular” bear market, analysis warns this week, while the overall potency of the halving when it comes to price action is also under the microscope. Add to that the turbulent macroeconomic and geopolitical status quo in the United States and beyond and it is all the more clear that crypto volatility catalysts are waiting at every turn. Cointelegraph takes a refreshed look at the major issues impacting BTC price action and how they might play out in the coming days into the February monthly close. Weekly close sends Bitcoin back to November 2021 Bitcoin put in a decidedly triumphant weekly close on Feb. 18 — its highest since November 2021 at around $52,100, per data from Cointelegraph Markets Pro and TradingView. BTC/USD 1-week chart. Source: TradingView This takes the market symbolically near the peak of what was then euphoria — a blow-off top at $69,000. Predictions for how the week would end had varied, with various support levels on the radar should the market reverse at the last minute. In the event, however, little volatility came, leading to $52,000 holding into the Asia trading session. “Bitcoin consolidating at $52,000 with the total market capitalization at $1.9T,” Michaël van de Poppe, founder and CEO of trading firm MNTrading, wrote in a summary on X (formerly Twitter). Van de Poppe expressed what is currently a popular theory when it comes to short-term BTC price performance — another leg higher before returning to test the mettle of recent gains. “The upside looks relatively capped for Bitcoin,” he continued. “My overall thesis is a continuation to $54-58K and then consolidation & broader correction. After that, rotation towards Altcoins.” Change has nonetheless evaded spot markets for most of the past week, with $52,000 and its associated resistance liquidity forming a “sticky” focal point. Joining in the near-term forecasting, Venturefounder, a contributor to on-chain analytics platform CryptoQuant, agreed with the $58,000 target. His basis, however, revolves around relative strength index (RSI) behavior. “If all follows, then the last BTC RSI peak signals breakout of downward channel, will push price higher (~$58k), then followed by a correction and this level will be made into strong support going forward (~$50k),” he concluded. #Bitcoin cycles are never the same, but it often rhymes: 1) Weekly RSI completing a bottoming movement, from lower highs, lower lows to higher highs and higher lows 2) Following the cycle top, The first three RSI peaks > 50 will have a strong reaction at resistance (either… pic.twitter.com/OW59mXPjdL — venturefoundΞr (@venturefounder) February 19, 2024 Over the weekend, Venturefounder, whose BTC price takes tend to err on the side of caution in the current environment, acknowledged the strong performance despite the spot Bitcoin exchange-traded funds (ETFs) making no purchases. As Cointelegraph continues to report, these form a major change to market dynamics, which has been in place for barely a month. “Honestly Bitcoin is holding up pretty well considered there is no daily 9-figure spot #BTC ETF buys on the weekend,” he summarized. “I think a degree of that is non-ETF buyers expecting continuation of the strong ETF net inflow and therefore buying the dip, essentially trying to front run the price next week.” Halving cycles spark contention The debate around the halving and its impact on price is getting ever more vocal with less than two months to go. For some, price performance in recent months — especially amid the emergence of institutional access via the U.S. spot ETFs — calls for a reevaluation of standard Bitcoin market cycles. The four-year circle revolving around halving events, they suggest, is seeing a challenge thanks to shifts in price coming at unusual times. #Bitcoin has made historyFor the first time ever, BTC has closed a weekly candle above the .618 FIB retrace from cycle high to cycle low prior to the halving: https://t.co/URAGEtuWKJ pic.twitter.com/MuhXMdrHF9 — Matthew Hyland (@MatthewHyland_) February 19, 2024 As Cointelegraph reported, others see the current cycles as “business as usual” — a cycle top should come months after the halving or even later. In some of his latest X engagement, popular trader and analyst Credible Crypto continued that narrative. “Is this time REALLY different? OR is it possible that this time is the SAME as all the prior times except people think it’s different because they have erroneously been using the halving as the single point of reference for our cycles?” he queried. Credible Crypto linked to a previous post from late last year in which he imagined a top in late 2024, followed by what he called the “first major secular Bitcoin bear market.” “In the coming months I expect further continuation upwards, at a more aggressive pace than we have seen thus far, as we build up to what will be a blow-off top for the books to conclude this multi-year cycle,” part of the post read. Before April’s halving, however, there remains plenty of opportunity for gains, as envisioned by fellow trader and analyst Rekt Capital, who notes that previous cycles saw a “pre-halving rally” beginning two months in advance. “BTC has one final Pre Halving Retrace left,” he added last week. “Historically, it tends to occur only a few weeks before the Halving.” Bitcoin price comparison. Source: Rekt Capital/X Global liquidity conditions favor crypto Caution marks the mood among macro analysts this week after recent U.S. inflation data gave the Federal Reserve a major headache. Prices, as shown by the Consumer Price Index (CPI) and Producer Price Index (PPI), advanced more than expected in January. Markets, which were previously confident that the Fed would U-turn on interest rate policy and reduce quantitative tightening (QT) as soon as March, quickly reevaluated the odds. This in turn dampens the tone for risk assets, which appreciate increasing liquidity as a basis for investor interest. That said, with the S&P 500 hitting all-time highs this month, a certain divergence between market performance and macro reality continues to play out. As Philip Swift, creator of Bitcoin statistics platform Look Into Bitcoin, noted, global liquidity conditions are conversely better than ever — a possible crypto catalyst in itself. “We are getting closer to Global Liquidity making a new all-time high,” he showed on X earlier in February alongside a chart of M2 money supply. “Arguably THE most important factor for a bull market. That's when the party really starts for bitcoin.” Global M2 money supply s. BTC/USD chart. Source: Philip Swift/X In the U.S., however, there remains plenty to unnerve markets and induce a more hawkish stance at the Fed prior to its next interest rates decision at the end of March. This week will see jobless claims and the minutes of the Fed’s January meeting, alongside the S&P Purchasing Managers’ Index (PMI) leading the pack, alongside various speaking appearances from Fed officials. Key Events This Week:1. Presidents Day, Markets Closed - Monday2. Fed Meeting Minutes - Wednesday3. S&P Global Services PMI data - Thursday4. Existing Home Sales data - Thursday5. Total of 5 Fed speaker events this week6. ~15% of S&P 500 companies report earnings… — The Kobeissi Letter (@KobeissiLetter) February 18, 2024 “We're watching the Fed minutes for color on rate cut timing,” trading resource The Kobeissi Letter announced in part of its weekly diary post on X. “Rate cuts are now being pushed out to June.” Bitcoin open interest matches 26-month record Recent days have seen a new all-time high in open interest (OI) for CME Group’s flagship Bitcoin futures. At $6.8 billion, OI saw a pronounced spike this month as ETF inflows surged and BTC price action delivered a return above key resistance levels. Now, a similar phenomenon is playing out elsewhere. According to the latest data from CoinGlass, total exchange OI hit $22.8 billion on Feb. 19, marking the highest levels since Bitcoin’s $69,000 all-time high. Bitcoin futures open interest (screenshot). Source: CoinGlass OI spikes have preceded periods of BTC price upside throughout recent months, but as analysts note, the volatility can run both ways. “Bitcoin is at a point where fresh positioning is very risky. The open interest on all coins reaches levels equal to the 2021 highs,” CryptoQuant contributor J.A. Maartunn warned last week. “Yes, the price can run higher, but the risk-reward ratio is NOT favorable.” #Bitcoin Open Interest is up only since February.It increased by +$3.3 Billion or +32%.Spot premium & Funding rates still neutral so that's good. pic.twitter.com/dSa0YmZEn2 — Daan Crypto Trades (@DaanCrypto) February 12, 2024 Countering the risk of a snap downside move are funding rates and leverage, both of which remain at comparatively manageable levels and suggest an overall lack of “irrational exuberance” among traders. Crypto sentiment drifts into "extreme greed" When it comes to cross-crypto sentiment, there are increasing signs that the average investor is reaching a state of euphoria. Related: Bitcoin price unlikely to hit all-time high before the halving — Here’s why The latest readings from the Crypto Fear & Greed Index show the highest levels of “greed” since the 2021 Bitcoin all-time high. Last week, the Index produced a score of 79/100, corresponding to “extreme greed” and briefly beating those 2021 levels. At the time of writing, Fear & Greed, itself a lagging indicator, stood at 75/100. Crypto Fear & Greed Index (screenshot). Source: Alternative.me “Absolute bullishness begets corrections. In 2021, after almost everyone is convinced there’s more upside after seeing $69k ATH, BTC rug pulled,” Venturefounder commented on market psychology over the weekend. “In Oct 2023, almost everyone is convinced $BTC will break below $25k again. Bitcoin doubled in few months without a major correction.” Fear & Greed historically flags an inbound long-term market correction when it reaches 90 or higher — something which has not occurred since Q1 2021. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

10 days ago
Coinstages
Coinstages
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Crypto Analyst, thinks the token might be gearing up for another price surge, similar to the one we saw from November 2020 to August 2021. He looked at past trends and predicts this rally could start in April 2024 and peak in January 2025. Cardano has been doing well lately, with a 3.19% increase in the last day and a 12.8% gain over the past week. Another analyst also believes Cardano is a top choice for the next bull run. Whether Ali’s prediction comes true remains uncertain, but ADA definitely has the potential for a big jump in value. Analyst Predicts Cardano’s Potential Price Surge to $8 Historical Parallels and Predictions: Market analyst Ali Martinez has set an ambitious price target of $8 for Cardano (ADA) by January 2025. This forecast is based on Martinez’s observation of historical parallels in ADA’s price movements, particularly between late 2018 and November 2020. Three-Trendline Channel and Breakout: During this period, ADA adhered to a well-defined three-trendline channel for approximately 21 months, fluctuating between a low of $0.0177 and a high of $0.1069. The top trendline acted as a strong resistance, capping price advances beyond $0.10, while the bottom trendline provided support, preventing dips below $0.017. Breakout and Upward Momentum: In July 2020, ADA experienced a breakout above the top trendline after weeks of consistent gains. This breakout propelled ADA to a high of $0.1546. Despite encountering resistance at this level, ADA retraced its price and retested the previously breached top trendline, which now acted as support. Surge to All-Time High: Following repeated retests of this newfound support, ADA initiated a significant surge in November 2020, leading to sustained momentum that ultimately drove the token to its all-time high of $3.1 in September 2021. Continuation of Analyst’s Prediction for Cardano (ADA) to Reach $8 Analyst Ali continues to support his earlier prediction of Cardano reaching $8, suggesting that the current market cycle might be following a similar pattern. From September to December 2023, ADA demonstrated behavior reminiscent of the previous cycle, operating within a three-trend line channel. During this period, ADA maintained a three-trend line channel, with the bottom line preventing drops below $0.2394 and the top line acting as resistance at $0.4617. In December 2023, ADA experienced a breakout from this channel, mirroring the 2020 scenario. However, similar to the 2020 pattern, a January price slump occurred, leading to a retest of the top trendline. This retracement aligns with the historical pattern observed in the previous cycle. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #cardano #ADA

11 days ago
Osmy_CryptoT
Osmy_CryptoT
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A crypto analyst caution short traders against a correction of up to 40% in Bitcoin price before surge to $150,000 in the long-term.STORY HIGHLIGHTSBitcoin has experienced massive volatility after hot CPI and PPI reports.As the Bitcoin price sustains above $51,000, analysts have provided a bullish outlook.However, crypto analyst cautioned short-term investors against a massive correction in the BTC price.Bitcoin (BTC), the largest crypto currency, witnessed a rally beyond the $52,000 level lately. It has spurred a bullish outlook with increased optimism around Bitcoin‘s surge to $100,000. On the other hand, analysts have even provided a target of $150,000 in the long run, however, the Bitcoin price is expected to experience a correction of up to 40% before that.Analyst’s Take On 40% Correction In Bitcoin PriceRenowned cryptocurrency analyst Michaël van de Poppe has made bold predictions regarding the Bitcoin price trajectory, foreseeing a rally to $150,000 preceded by a massive pullback. In a recent analysis, Poppe emphasized the possibility of a 40% correction in the BTC price before it resumes its upward trajectory.According to Poppe, market sentiment often overshoots reality, leading to exaggerated price movements. He stated, “Sentiment is always a wrong indicator. Emotions always exceed reality and sentiment overshoots the price action by a mile, that’s why people start to lose money.” This sentiment-driven volatility has been evident in recent market movements, including Bitcoin’s surge to $50,000 and subsequent corrections.Moreover, Poppe cautioned traders and investors to adopt a strategic game plan based on their risk tolerance and investment horizon. For short-term traders, he advised caution, especially when prices have appreciated rapidly. “If your horizon is relatively short, then it might not be +EV to buy an asset that appreciated 35% in 10 days,” he remarked. Furthermore, he highlighted the importance of assessing risk-reward ratios before making trading decisions.The pullback is anticipated to come after the Bitcoin price peaks between $53,000 and $58,000. In contrast, Poppe suggested that long-term investors could benefit from waiting for a standard 20% to 40% correction before entering the market. “If your horizon is 2-3 years from now and you suspect to see Bitcoin at $150K+ in that window, then there’s no big issue of starting to scale in at these prices,” he noted. This approach will allow investors to capitalize on market dips and manage emotions effectively.Impact Of Macroeconomic Factors On BitcoinPoppe also discussed the impact of macroeconomic events on Bitcoin’s price movements, citing factors such as the Consumer Price Index (CPI) data. He warned that negative macroeconomic developments could trigger a swift bearish turn in the Bitcoin price. “Honestly, I think the moment that macroeconomic events are slightly negative, it would suggest that we’re going to see a correction,” he stated.In addition, the hot January Producer Price Index (PPI) data led to extreme volatility in the market, adding to the impact caused by the January CPI report. Despite the potential for short-term volatility, Van de Poppe expressed confidence in Bitcoin’s long-term prospects, predicting a rally to $150,000. Whilst, other analysts provided a bullish outlook for Bitcoin price as they offered a $100,000 target.At press time, the BTC price was down by 0.86% to $51,516.41 on Sunday, February 18. It boasted a market capitalization of $1.01 trillion. Whilst, the 24-hour trade volume dropped by 12.65% to $21.72 billion. The recent bearish turn in Bitcoin price could be attributed to the negative PPI report published on Friday.

11 days ago

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