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Crypto News
Crypto News
Bloomberg: Ethereum Outpaces Bitcoin as Institutions Shift Focus to the Largest Altcoin
4 days ago
Coinstages
Coinstages
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Last year, Bitcoin’s accent above $42,000 ignited a wave of anticipation within the cryptocurrency community. Bloomberg, a global financial media company, believes it marks the beginning of a new “supercycle” that could propel the leading cryptocurrency to previously unimaginable heights, exceeding $500,000 With Bitcoin on track to experience its sixth consecutive month of gains, the approaching halving, and the recent spot Bitcoin ETF approval, speculation surrounding the impact on altcoins like Shiba Inu (SHIB) keeps growing. Historically, significant rises in Bitcoin price are often triggered by domino effects, propelling altcoins to impressive heights, particularly when new all-time highs are reached. This naturally leads to questions regarding the potential impact on SHIB’s price. Google Gemini and ChatGPT weigh in on SHIB Price To understand this complex scenario, we consulted Google Gemini and ChatGPT, seeking their insights on SHIB’s potential price path in light of a $500,000 Bitcoin Price. While ChatGPT offered an “imaginative” prediction of Shiba Inu (SHIB) reaching $0.001, it acknowledged the lack of concrete analysis underpinning its forecast. In contrast, Gemini presented a more grounded perspective, emphasizing that SHIB’s potential course wouldn’t solely depend on its historical correlation with Bitcoin (BTC). Beyond Correlation: Understanding the Nuances According to Gemini, several critical factors would significantly influence SHIB’s trajectory. One of which is the strength of SHIB’s correlation with Bitcoin, which can substantially affect its response to BTC’s price movements, and while past performances offer valuable insights, it’s not a guaranteed indicator of future behavior. Another is Shiba Inu’s ecosystem development. Independent progress, such as token burns, partnerships, and utility enhancements within the SHIB ecosystem, significantly impacts demand and price. The broader market sentiment towards Shiba Inu (SHIB) also plays a crucial role in influencing its price. Positive sentiment can attract more buyers, potentially leading to price increases. A Speculative Glimpse Considering these factors, Gemini acknowledges that if everything aligns favorably for SHIB, a price range between $0.0001 and $0.001 could be possible, echoing ChatGPT’s prediction. Gemini emphasizes that this figure is purely hypothetical and shouldn’t be used to make financial decisions. Investors are encouraged to conduct thorough research, consider diverse perspectives, and remain mindful of the inherent risks associated with cryptocurrency investments before making any decisions. ⚠️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. #Shibainu #SHIB

4 days ago
TokenInsight 中文
TokenInsight 中文
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Venture capital firm Andreessen Horowitz has invested $100 million in Eigen Labs, the core development team behind ethereum re-staking project EigenLayer, the news was first reported by Bloomberg on Thursday. EigenLayer subsequently announced the investment in a blog post, with Ali Yahia, general partner at Andreessen Horowitz’s blockchain-focused investment fund a16z crypto, confirming that the firm had led the Series B round. “We are excited to partner with [EigenLayer founder] Sreeram [Kannan] and the entire team to build a platform where a new dimension of open innovation can take place on Ethereum,” Yahiya said. EigenLabs previously closed a $50 million Series A funding round in March 2023, led by Blockchain Capital, with participation from Coinbase Ventures and Polychain Capital, among others. “We believe that by further unbundling crypto-economic security from EVM, EigenLayer has the potential to achieve 1

3 days ago
Coinstages
Coinstages
followers

Last year, Bitcoin’s accent above $42,000 ignited a wave of anticipation within the cryptocurrency community. Bloomberg, a global financial media company, believes it marks the beginning of a new “supercycle” that could propel the leading cryptocurrency to previously unimaginable heights, exceeding $500,000 With Bitcoin on track to experience its sixth consecutive month of gains, the approaching halving, and the recent spot Bitcoin ETF approval, speculation surrounding the impact on altcoins like Shiba Inu (SHIB) keeps growing. Historically, significant rises in Bitcoin price are often triggered by domino effects, propelling altcoins to impressive heights, particularly when new all-time highs are reached. This naturally leads to questions regarding the potential impact on SHIB’s price. Google Gemini and ChatGPT weigh in on SHIB Price To understand this complex scenario, we consulted Google Gemini and ChatGPT, seeking their insights on SHIB’s potential price path in light of a $500,000 Bitcoin Price. While ChatGPT offered an “imaginative” prediction of Shiba Inu (SHIB) reaching $0.001, it acknowledged the lack of concrete analysis underpinning its forecast. In contrast, Gemini presented a more grounded perspective, emphasizing that SHIB’s potential course wouldn’t solely depend on its historical correlation with Bitcoin (BTC). Beyond Correlation: Understanding the Nuances According to Gemini, several critical factors would significantly influence SHIB’s trajectory. One of which is the strength of SHIB’s correlation with Bitcoin, which can substantially affect its response to BTC’s price movements, and while past performances offer valuable insights, it’s not a guaranteed indicator of future behavior. Another is Shiba Inu’s ecosystem development. Independent progress, such as token burns, partnerships, and utility enhancements within the SHIB ecosystem, significantly impacts demand and price. The broader market sentiment towards Shiba Inu (SHIB) also plays a crucial role in influencing its price. Positive sentiment can attract more buyers, potentially leading to price increases. A Speculative Glimpse Considering these factors, Gemini acknowledges that if everything aligns favorably for SHIB, a price range between $0.0001 and $0.001 could be possible, echoing ChatGPT’s prediction. Gemini emphasizes that this figure is purely hypothetical and shouldn’t be used to make financial decisions. Investors are encouraged to conduct thorough research, consider diverse perspectives, and remain mindful of the inherent risks associated with cryptocurrency investments before making any decisions. ⚠️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. #ShibaInuAI

4 days ago
ilkerryildiz
ilkerryildiz
followers

Artificial intelligence technologies are improving day by day. Following ChatGPT, this technology has become even more significant, sparking a competition that will greatly benefit those of us who believe in this technology and have invested in it. The announcement of Sora by OpenAI in recent days led to significant gains for cryptocurrencies in the AI field. Following this development, Nvidia, set to be one of the major power providers in the field of artificial intelligence, continued this upward trend with its earnings surpassing expectations. We Are Just at the Beginning of AI Technologies Despite the significant gains in recent times, we are still at the early stages of AI technologies. This technology has already started to fascinate us, yet we can see there is still a long way to go. Below are future predictions about the market size of AI technologies from different sources. According to Statista, the value of the artificial intelligence market is expected to reach approximately two trillion US dollars by 2030, nearly twenty times its current value. With a value of about 100 billion US dollars as of 2023, this indicates significant growth potential. In the MarketsandMarkets Report, the size of the global artificial intelligence market was valued at 150.2 billion US dollars in 2023 and is expected to grow at an annual growth rate of 36.8% until 2030. According to Bloomberg Intelligence, generative artificial intelligence is expected to create a market worth 1.3 trillion US dollars by 2032, with this new industry expected to grow at an annual rate of 44.5%. Looking at all these reports, research, and analyses, we can see that we are still at a very early stage of AI technologies. As indicated by the Nvidia CEO in the image above, this field is as significant a revolutionary area as computers and the internet. It will shape our entire lives. #Write2Earn‬ #AI #ArtificialInteligence $FET $RNDR $AGIX

3 days ago
DeFiDynamo
DeFiDynamo
followers

Michael Saylor, co-founder and executive chairman of MicroStrategy, has reaffirmed his commitment to Bitcoin (BTC), stating that he and his company will continue to buy the digital asset indefinitely. In an interview with Bloomberg, Saylor emphasized his belief in BTC as the strongest asset, competing with gold and the S&P stock market index. Saylor argues that capital will continue to flow from gold and other asset classes into BTC due to its technical superiority. He sees no reason to sell the winning asset to invest in less successful ones. Saylor's comments follow his prediction in December that BTC demand would surge in 2024, a forecast that is currently materializing as demand from spot Bitcoin ETFs outpaces supply from miners. MicroStrategy, the first publicly traded company to accumulate BTC, now holds 190,000 BTC worth over $10 billion. Saylor remains optimistic about the future of the digital currency, further solidifying his position as one of its strongest proponents.

4 days ago

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