Generating

130+ related results were found.   
Subscribe Query
U.Today
U.Today
Dogecoin Price Shows Bullish Behavior as DOGE Moon Mission Scores Regulatory OK
about 1 hour ago
Linkan
Linkan
followers

The Mina Protocol, symbolized by its native token MINA, has recently become a centerpiece in the world of cryptocurrencies due to a staggering 80% value increase in just one day. This remarkable upsurge corresponds with its new listing on the Bitrue exchange, sparking a notable escalation in market activity for MINA.As a lightweight layer-1 blockchain, Mina Protocol had experienced a significant downturn, plummeting 93% from its 2022 high. However, this recent bullish behavior indicates a potential reversal of fortunes for the protocol. On October 24th, the revelation of MINA’s listing on Bitrue preceded an 80% increase in its value within five hours, showcasing a rapid market response to the new exchange listing .The previous two weeks have seen MINA’s value ascend by 148%, a recovery that is underscored by the reclaiming of the 50% Fibonacci retracement level in just 12 days from a 238-day downtrend. Such a swift rebound is rarely seen in the crypto market and highlights the resilience and growing investor confidence in Mina Protocol .An intriguing aspect of this rise is the surge in trading volume, which saw an increase of 1322% within six hours, catapulting MINA to the top-performing asset in the crypto top 100. This surge in user numbers and trading volume is a robust indicator of the growing interest and adoption of the Mina Protocol within the crypto community .Diving deeper into the on-chain statistics using the Mina Block Explorer, a 10x increase in the total amount of MINA tokens transferred was noted, despite a minor drop in transaction numbers. This implies that larger transactions, likely related to Bitrue’s listing, were the primary drivers of the volume increase. Moreover, the number of new accounts created on the Mina blockchain spiked by 14 times in just one day, reflecting a burgeoning community of users and investors .Looking forward, the CoinCodex price prediction algorithm has a bullish outlook for MINA, suggesting a 9% rise in the next 30 days, with the possibility of reaching the $1 milestone within six months. This would represent a significant increase from its current price of $0.74 and an even more substantial growth from its price at the beginning of the month, which was $0.35 .Today, $MINA stands out in the crypto market, not just for its impressive performance but also due to the timing of its listing on Bitrue. This listing has coincided with a general uplift in the crypto market, buoyed by optimism surrounding crypto ETFs and a 59% year-to-date increase in the crypto market. The listing has arrived at an opportune moment, aligning with the general market sentiment and the pronounced increase in user engagement and token transfers for MINA .In summary, Mina Protocol’s recent performance is a testament to the dynamic nature of the cryptocurrency market. The rapid adoption, surging trading volumes, and optimistic forecasts suggest that Mina Protocol could be a significant player in the crypto space in the coming months. It remains a token to watch closely as the market evolves. #MinaProtocol #MINARise #CryptoMarket #BlockchainTechnology #FutureOfFinance 🌐📊🔝

2 days ago
The Blockopedia
The Blockopedia
followers

📉 Crypto Market Update: Bitcoin and Pepe Coin Dip, LUNC Rallies! 🌐 Market Overview: The crypto market today experienced a downturn, primarily due to a lack of positive catalysts, prompting cautious investor behavior. Despite a recent bullish sentiment, this week's movements indicate a shift towards the sidelines, possibly influenced by the absence of significant catalysts and heightened regulatory concerns in the digital asset space. 💰 Bitcoin and Major Altcoins: Bitcoin (BTC): Started the week with a 1.11% decline to $37,297.73, with a 71.58% surge in the last 24-hour market volume to $14.85 billion. The recent yearly high of over $38,000 reflects positive market sentiment. Ethereum (ETH): Dropped 1.42% to $2,045.62, accompanied by a 69.82% increase in trading volume to $8.6 billion. BNB: Experienced a 1.8% decline to $228.91, with a 14.59% rise in the last 24-hour volume to $626.66 million. 📉 Market Indicators: Global Crypto Market Cap: Down 1.22% to $1.42 trillion, with a 45.40% increase in the last 24-hour volume to $43.07 billion. Fear and Greed Index: Stands at 71, suggesting a prevailing greed sentiment in the market. 📊 Top Performers Today: Pepe Coin (PEPE): Slipped 5.79% to $0.000001097, reflecting broader market bearish momentum. Terra Classic (LUNC): Showcased resilience with a 23.78% surge to $0.00009547, potentially influenced by gains in its sister token TerraClassicUSD (USTC). Axie Infinity (AXS): Defied the bearish sentiment, surging 13.05% to $7.04, with a remarkable 362.52% increase in 24-hour volume to $440.89 million. Oasis Network (ROSE): Added 5.28%, trading at $0.08215, indicating growing investor interest and a 67.03% surge in the last 24-hour volume to $63.32 million. 📈 Stay Tuned for Real-time Market Updates! Follow The Blockopedia for Crypto Insights! 🚀 🚀 For the latest crypto trends and market movements, follow The Blockopedia. Stay informed, stay ahead! 🌐 #CryptoUpdate #BTC/Update: #crypto #cryptocurrency #crypto2023

3 days ago
Digital Crypto
Digital Crypto
followers

Fundamentals drive price action, and crypto shows widespread growth metrics in almost all areas. Notably, Shiba Inu’s ( $SHIB ) active addresses surged to 1.26 million, hinting at a massive resurgence in memecoins. But which memecoins are up next, and what are the top 10 cryptos to buy now? Galaxy Fox ($GFOX) has broken onto the scene as a promising contender for the next 100X superstar. Shooting past $300,000 in its presale all eyes rest on this up-and-coming P2E memecoin hybrid. As memecoin mania ensues, can $GFOX rise to topple $SHIB ? Galaxy Fox ($GFOX) Next Memecoin King Galaxy Fox has garnered incredible support, and its presale races towards $400,000 despite still being in its initial phase. Investors fast enough to join this initial stage can take advantage of the staggered price increases and lock in 450% gains by launch. This play-to-earn token outclasses its rivals in the memecoin arena, and its hybrid nature, memecoin/ GameFi token, has experts calling it the top crypto to buy now. Galaxy Fox’s Web3 runner game lets players compete globally, and those that end the season in the top 20% of the leaderboard will earn prizes exchangeable for $GFOX tokens. $GFOX token holders unlock several passive income opportunities through token ownership. The protocol’s burn campaign naturally accrues value for these holders by decreasing the total supply, and Stargate, the staking hub, pays out rewards. Stargate accrues 2% of buy and sell taxes and distributes these to stakers. Interestingly, there is no theoretical cap on staking payouts due to buy and sell taxes funding these rewards. They can grow as large as the Galaxy Fox ecosystem. The virality of its characters and the Treasury fund, which organizes marketing campaigns and supports community initiatives, offers another tailwind to incredible growth. As memecoin season breaks out, $GFOX is certainly one of the top 10 cryptos to buy now.Shiba Inu ( $SHIB ) Active Addresses Soar Shiba Inu’s active addresses have surpassed 1.26 million. A clear sign that appetite for speculative tokens is up amongst crypto-natives, and the memecoin sector looks ready to rip. Classics like $SHIB performing strongly opens the path for newer projects, and with protocols like Galaxy Fox in the pipeline, this could be the current cycle’s most profitable niche. But why are active addresses on Shiba Inu soaring? And why does this bode positively for memecoins more broadly? The introduction of Shibarium, Shiba Inu’s custom layer two, allows investors to stake their $BONE tokens- one of the tokens native to the Shiba Inu ecosystem. This residual income has proved enticing and made $SHIB one of the best cryptocurrencies to buy in the current macro. Investors love staking rewards, and earning passive income with crypto is a fantastic way to build wealth. This swelling adoption of Shiba Inu also offers incredibly favorable tailwinds for memecoins with smaller market caps, signaling it is time for risk-on behavior. Tokens that similarly offer residual income via staking will be the largest beneficiaries, explaining why Galaxy Fox has garnered such strong support. Closing Thoughts: Memecoin Season Starting Capital flows from large caps to small caps, and the large caps moving signals that small caps are already waiting in the wings. Wallet addresses on Shiba Inu spiking means the first stage is complete. The second stage will involve enormous rallies for small caps. Getting ahead of this move is easy. All investors have to do is participate in the Galaxy Fox ICO and wait for memecoin season to begin. Launching in such bullish conditions could easily lead $GFOX to 100X during price discovery,making it undoubtedly one of the top 10 cryptos to buy now.  #BTC #Blast #Onchain #RichardTeng #BinanceTournament $SHIB

3 days ago
Cryptopolitan
Cryptopolitan
followers

The Bitcoin bull run remains a highly anticipated event, stirring the crypto community’s interest. This analysis delves into three key indicators—market sentiment, technical patterns, and on-chain metrics—to decode the signs of an impending surge. A website like Immediate Bitwave will assist traders in their bitcoin journey with the best trading tools, fast payouts, and phenomenal customer support Indicator One: Market Sentiment Analysis Market sentiment analysis is critical when identifying the onset of a Bitcoin bull run. It involves interpreting the general attitude of investors towards the cryptocurrency market. Typically, a positive sentiment can indicate an upcoming surge in Bitcoin prices, as it reflects a growing enthusiasm among investors.  To gauge market sentiment, analysts turn to a variety of sources. Social media platforms, especially Twitter and Reddit, have become hotspots for cryptocurrency discussions. The tone and volume of conversations surrounding Bitcoin can be analyzed using sentiment analysis tools, which employ natural language processing to determine whether the chatter is positive, negative, or neutral. The crypto market is sensitive to news and global events, and therefore, monitoring sentiment indicators becomes all the more important. These indicators can range from the Bitcoin Fear and Greed Index, which aggregates various data points including volatility, market momentum, and social media interaction to gauge the predominant sentiment, to more sophisticated predictive models that can signal shifts in investor attitude before they are reflected in price movements. Market sentiment is not just about following the herd. It’s about understanding the psychology of the market, identifying patterns of investor behavior, and using that information to anticipate the direction in which the market is headed.  Indicator Two: Technical Analysis and Chart Patterns Technical analysis stands as a cornerstone in cryptocurrency forecasting, especially when identifying the onset of a Bitcoin bull run. It relies on the study of historical price action and trading volumes to predict future market movements. Traders scrutinize chart patterns to discern potential trends and make educated guesses about where Bitcoin prices may be headed. Central to this analysis are chart patterns which serve as the fingerprints of market psychology. Patterns such as the ‘head and shoulders’ or ‘double bottom’ become telltale signs of future price movements. These formations reflect the tug-of-war between buyers and sellers, with each pattern providing a narrative of past trader actions and future intentions.  Candlestick formations add another layer to the trader’s playbook. Each candlestick tells a micro-story about the price action within a specific timeframe. A series of ‘bullish engulfing’ candlesticks can indicate a strong buying pressure, often a precursor to a sustained upward trend.  Volume is another critical aspect of technical analysis. A price increase on substantial volume is often more convincing and may be seen as validation of a potential bull run, while a price uptick on low volume might lack credibility and could be a false signal. Traders also employ various technical indicators such as the Relative Strength Index (RSI) and Moving Averages to confirm trends and momentum. The RSI can reveal whether Bitcoin is overbought or oversold, and Moving Averages can help smooth out price action to identify ongoing trends. Indicator Three: On-Chain Metrics On-chain metrics provide a window into the fundamental health and activities within the blockchain that are not immediately apparent from traditional market data. They offer unique insights by analyzing the ledger itself, which records all transactions and can provide a more direct measure of the underlying value and potential of Bitcoin. Transaction volumes on the blockchain are a crucial metric. A significant and sustained increase in transaction volume can be a harbinger of a bull run. It indicates not only a rising interest in Bitcoin as an asset but also a greater utilization of the Bitcoin network for transfers and payments.  Another key on-chain metric is the total value of all Bitcoin transactions over a certain period. A high transaction value can suggest that more substantial sums of Bitcoin are being moved, indicating increased activity from large holders, sometimes referred to as ‘whales.’ These movements can have a significant impact on the market, and their transactions are closely monitored for signs that they may know or anticipate market movements that average investors do not. Wallet activity also provides important clues. A growing number of active addresses might imply that new participants are entering the market or that dormant Bitcoin holdings are coming into play. The latter can be particularly telling if long-term holders, who are typically seen as having a more profound understanding of Bitcoin’s potential, begin to transfer their holdings, possibly to take profits or reallocate assets in anticipation of a price increase. Conclusion In the intricate dance of Bitcoin’s value, the interplay of market sentiment, technical analysis, and on-chain metrics provides a multi-dimensional view of its potential bull runs, guiding investors through the waves of the cryptocurrency market.

3 days ago
Cryptopolitan
Cryptopolitan
followers

The Bitcoin market is currently witnessing a remarkable phenomenon. As per recent data from Glassnode, a staggering 16.366 million BTC are now in the green, constituting 83.6% of the total circulating supply. This milestone has not been observed since the dizzying heights of November 2021, a time when the cryptocurrency market was near its all-time highs. But here’s the kicker: despite this upward trend, the scale of unrealized profits isn’t nudging long-term holders to sell. Seems like they’re playing hard to get, doesn’t it? A Look at Investor Accumulation Diving deeper, we see a pattern of robust accumulation among investors. The accumulation trend score, a metric that tracks changes in on-chain wallet balances, reveals a more intense pattern of accumulation in recent times, especially compared to earlier this year. In the latest price expansion, this indicator lit up like a Christmas tree, indicating a strong accumulation mechanism. This has been instrumental in propelling the price by a whopping +39% in the past 30 days. Talk about skyrocketing! Interestingly, there’s been a clear shift since late October. Investors across all wallet sizes have significantly increased their holdings, as denoted by the blue markers in various charts. The year 2023 has seen several phases of net outflows, indicating that not all investor groups are singing the same tune. This widespread growth in accumulation suggests a robust market performance, with the optimism around spot BTC ETFs adding to investors’ confidence in an upward trend. The Profit Rebound and Its Implications The surge in the percentage of BTC in profit is historically significant. The profitable supply has hit the 83% mark of total circulating supply, soaring well above the historical average of 74%. Usually, when such levels are exceeded, it historically aligns with the early stages of a bullish “excitement phase” in the market. However, it’s crucial to differentiate between the amount of BTC in profit and the scale of unrealized profits. The latter assesses the difference between the cost basis and the current exchange rate, and it’s a more critical variable when analyzing investor behavior. While a large portion of the supply is in profit, the scale of unrealized profits has yet to reach the high levels typically associated with the heated stages of a bull market. Currently, this metric trades around the all-time average of 49%, significantly lower than the extreme levels of 60%+ seen during past bullish excitement phases. This scenario suggests that while a substantial portion of the supply is profitable, most of it has a cost basis only marginally lower than the current spot prices. In other words, investors might be in the green, but they’re not swimming in a sea of profits just yet. Navigating the Road Ahead As we steer through this market landscape, the focus shifts to the long-term holders (LTH). Their supply has been quite cyclical, with distinct phases of intense selling and holding patterns. Throughout the bear market of 2022, the supply held by long-term holders showed significant resilience, echoing the tenacity of BTC holders despite growing losses. This enduring spirit has kept the market from plunging into chaos, and it points to an ongoing tension in supply dynamics. The future seems to hinge on whether these investors will wait for even higher unrealized profits before exerting more selling pressure. To sum up, the recent surge in Bitcoin prices has brought back the level of profitable BTC to where it was two years ago, following the market’s drop from the November 2021 highs. However, the size of unrealized profits held within these coins remains moderate and is yet to push long-term holders into locking in their gains. This landscape paints a picture of a market teetering on the edge of potential shifts, where the decision of long-term holders could significantly sway the market’s direction. As always, in the ever-dynamic and sometimes whimsical world of cryptocurrencies, the only certainty is uncertainty. Stay tuned, stay informed, and maybe, just maybe, keep a healthy sense of humor about the whole thing. Because, let’s face it, in the world of Bitcoin, today’s forecast is often tomorrow’s old news.

4 days ago
Crypto Daily™
Crypto Daily™
followers

Recently, the cryptocurrency Shiba Inu (SHIB) - often hailed as a potential rival to Dogecoin - has witnessed an extraordinary surge in its burn rate, surpassing a 100% increase. This notable rise triggers token burning; which is an operation where tokens undergo permanent removal from circulation and subsequently ignites a modest uptick in the Shiba Inu (SHIB) market price. Recent data reveals that this burn rate escalated dramatically by 128.37%. Consequently, over nine million Shiba Inu (SHIB) tokens have been effectively eliminated from the market. Token burning, a concept not new in the cryptocurrency realm, has recently surged in popularity as an effective mechanism for controlling inflation and enhancing token value. For Shiba Inu (SHIB), the community and developers have actively increased its burn rate to strengthen its market position. The anticipation is that by diminishing Shiba Inu (SHIB) token total supply, it will induce increased demand due to scarcity which subsequently elevates its price. Despite the positive development in tokenomics, Shiba Inu (SHIB) confronts a substantial challenge: the potential dampening of its burn rate increase's impact. A cryptocurrency's trading volume, which is critical to market strength and investor interest, has shown consistent decline. This could be alarming as it signals possible waning market interest or hesitancy among traders and investors. Validating any price movement in the cryptocurrency market necessitates the essentiality of trade volume as it mirrors not only participation levels but also confidence among market players. A lack of robust market participation may undermine the potential price surge anticipated from Shiba Inu's (SHIB) increased burn rate, as its trading volume declines. Given that this cryptocurrency has captured widespread attention in the past due to volatile price movements and community-driven initiatives, sustaining any positive momentum necessitates maintaining a healthy trading volume. This situation presents a complex challenge: The accelerated token destruction seeks to augment Shiba Inu (SHIB) value, yet diminished trade volumes might neutralize these endeavors, thus transforming significant price appreciation into an arduous struggle. Shiba Inu (SHIB) tokenomics and market behavior recently shifted, highlighting cryptocurrencies' volatile and speculative nature. Although Shiba Inu (SHIB) might yield short-term profits, projects such as ScapesMania with their stability and growth potential present a contrasting narrative that underscores long-term value and sustainability in the crypto market. ScapesMania: A New Contender in the Crypto Arena While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now – Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale is Live, Learn More About Major Benefits Shiba Inu (SHIB) Price Forecast  In the cryptocurrency domain, Shiba Inu (SHIB) offers an intriguing case for price prediction, particularly with the integration of contemporary numerical data: it currently trades in a bracket ranging from $0.00000688 to $0.00000845. Various technical and fundamental factors influence its market behavior; thus making careful analysis imperative at this juncture. Traders' short-term bullish sentiment appears evident as they closely align the 10-day moving average for Shiba Inu (SHIB) with its current trading price's upper range, standing at $0.00000839. Yet, a slightly more conservative long-term outlook emerges from the $0.00000771 mark of its 100-day moving average, which reflects an amalgamation of optimism and caution within the market. Shiba Inu (SHIB) presently anchors its support levels at $0.00000442 and $0.00000599. These critical points historically attract robust buying interest, thereby providing a safety net against more severe price plunges. Conversely, for Shiba Inu to validate a bullish trend, it must breach the resistance thresholds set at $0.00000913 and $0.00001070. As a result, these levels need to be exceeded so that trends are confirmed within the trading range for Shiba Inu (SHIB). A significant upward price trajectory might become evident if one manages to break these resistance levels. If Shiba Inu (SHIB) were to achieve its all-time high market cap again, incorporating the current data of market cap and circulating supply, it might potentially trade at a significantly higher price: based on its present circulating supply - 589.346 trillion - it would suggest each token could be worth approximately $0.000424. This projection indicates an extensive surge from within SHIB's existing trading range; thus marking a noteworthy milestone for this particular token in terms of value appreciation. Several factors, including market dynamics and trading volume, condition the achievement of these price levels. The current decline in trading volume concerns us because it suggests a reduction in market participation. Shiba Inu (SHIB) must experience an essential resurgence in trading volume for it to realize a significant price increase. An upward price movement would receive the necessary support: this is through the provision of market confidence and participation. Conclusion Shiba Inu (SHIB) recently surged, intensifying its burn rate to reduce supply and enhance value  – an action that piqued interest in its potential market performance. Nevertheless, a substantial challenge confronts Shiba Inu (SHIB): the dwindling trading volume, which serves as a pivotal indicator for market interest and investor confidence. The potential to offset the positive effects of token burn exists due to this decline, thus presenting a significant hurdle for Shiba Inu (SHIB) in reaching new all-time highs. In contrast, ScapesMania presents a stark contrast to the speculative Shiba Inu (SHIB) by offering an investment opportunity that is both stable and diversified. It blends Web3 and Web2 communities with emphasis on sustainable growth. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.  

4 days ago
Crypto Daily™
Crypto Daily™
followers

Currently, the market teeters on a tightrope, balancing between breakthroughs and setbacks. Recently, a managing director at JPMorgan posted an analysis pointing to the potential impacts of spot Bitcoin ETFs on Bitcoin prices, forecasting a possible “severe downward pressure”. This news comes amid ongoing developments and speculation about a potential Bitcoin bull run as well as a broader shift towards regulated crypto entities in response to the increasing demand for stability and transparency. In these swirling currents of change, ScapesMania (MANIA) emerges as a beacon of calculated predictability. This presale project offers a unique blend of gaming excitement and investment opportunity, promising to navigate the turbulent crypto seas with a steady hand. ScapesMania – Navigating the Future of Crypto  While some crypto projects are facing uncertainty, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now – Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale is Live – Learn More About Major Benefits Litecoin (LTC) Price Analysis The price of Litecoin (LTC) has been flat over the past week and increased by 2.28% over the past month. However, in the last six months, it faced a decline of 22.66%, with a modest year-to-date gain of 0.44%. Despite these fluctuations, the 5-year performance за LTC shows a significant rise of 141.80%, reflecting its potential in the long-term market. Currently, Litecoin's market capitalization stands at $5.199 billion. Analyzing the oscillators, the Relative Strength Index  is at 29.32, indicating a neutral stance. This neutrality is echoed across other indicators like the Commodity Channel Index at -173.33 and the Average Directional Index at 29.51. However, the Momentum  indicator at -1.22 and the MACD Level at -0.145 suggest a sell action. Moving on to the moving averages, both the 10-day and 200-day Simple Moving Averages present contrasting signals. The 10-day Simple Moving Average (SMA) at $70.98 advises a sell action. In contrast, the 200-day SMA at $69.81 indicates a buy signal. Litecoin (LTC) Price Forecast  Despite the prevailing sell signals from most moving averages, there are factors that could contribute to a bullish trend for LTC. If the market sentiment shifts positively, focusing on Litecoin's utility and adoption, we could see an upward movement. The 10-day and 200-day Simple Moving Averages at $70.98 and $69.81, respectively, showing a buy signal, might act as a foundation for this optimism.  Additionally, if LTC can breach its immediate resistance level at $75.24 and sustain above it, the next target could be the higher resistance level at $79.91, potentially aiming for the $88.43 mark. Conversely, the predominance of sell signals in the moving averages, such as the 50-day Simple Moving Average at $71.18, combined with a negative momentum as indicated by the Momentum at -1.22 and the MACD Level at -0.14, suggests a potential bearish trend. If LTC fails to maintain its current level and breaks below its immediate support at $66.72, it could test lower support levels at $62.87 and possibly $54.36. Such a downward trajectory would be further exacerbated by broader market uncertainties or negative news specific to Litecoin. Chainlink (LINK) Technical Analysis  Chainlink (LINK) has been a star performer in the crypto universe, showing remarkable growth. In the past week, LINK surged by 8.25%, with a staggering 36.31% increase in the past month. The six-months performance is even more impressive, at 124.19%, and a year-to-date rise of 167.43%. Over the past year, LINK has grown by 117.69%, and in the last five years, it has skyrocketed by 5226.37%. Chainlink's market capitalization currently stands at 8.292 billion USD. Oscillator analysis for LINK reveals a neutral trend. The Relative Strength Index is at 48.35, and the Commodity Channel Index is at -4.34, all indicating neutral market conditions. The Average Directional Index at 32.03 and the Awesome Oscillator at 0.23 also maintain this neutral perspective. However, the MACD Level at 0.101 suggests a sell action. In the domain of moving averages, LINK shows a mixed signal. The 10-day SMA at $15.10 recommends a sell. However, the 200-day SMA at $14.41 signal a buy, indicating potential long-term growth. Chainlink (LINK) Price Prediction  Chainlink (LINK) price has shown impressive growth over various timeframes, with a week-on-week increase of 8%, a monthly surge of 36%, and a massive 124% rise over the past six months. This momentum, paired with its significant year-to-date gain of 167.43% and a staggering 5-year increase of 5226%, paints a picture of strong potential. If LINK continues this trajectory, bolstered by positive market sentiment and increased adoption, it could challenge its immediate resistance level at $16.50. A successful break above this level might pave the way for testing higher resistance levels at $18.10, and potentially aiming for the more ambitious target of $21.51. However, a balanced view must consider potential downturns. The mixed signals from oscillators and moving averages indicate that LINK could face resistance. If LINK struggles to maintain its current momentum and falls below its immediate support level at $13.09, it could see a further decline towards the next support levels at $11.27 and possibly as low as $7.86. Such a scenario could be triggered by broader market downturns or specific challenges within the Chainlink ecosystem. Final Words As we navigate through the intricate tapestry of the cryptocurrency market, marked by its highs and lows, the journey of Litecoin (LTC) and Chainlink (LINK) offers a compelling narrative. Litecoin, with its historical resilience and recent market behavior, presents a mixed bag of potential, indicating that careful watchfulness is key. Chainlink, on the other hand, dazzles with its remarkable growth trajectory, yet it too requires a balanced approach given the unpredictable nature of the crypto markets.  Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

4 days ago
Coinpedia
Coinpedia
followers

The post Crypto Market Analysis: Top Altcoins Poised To Explode Soon! appeared first on Coinpedia Fintech News Renowned crypto expert Michael van de Poppe recently shed light on altcoins he believes are primed for a significant surge. In his latest analysis, van de Poppe explored the current state of the crypto market, mainly focusing on Bitcoin’s resistance level and its potential impact on the altcoins he is betting on. Altcoins at the Forefront Van de Poppe’s focus on altcoins spotlights their potential to outperform in the current market. In his detailed analysis, he zeroes in on specific altcoins, including Chainlink (LINK), Arbitrum (ARB), and Sai (SAI), delineating their market positions and potential for a bullish run. Chainlink, in particular, stands out in van de Poppe’s analysis. He notes its long period of lateral movement, followed by a breakout, as a strong indicator of an impending uptrend. The momentum Chainlink has gathered and its market behavior positions it as a frontrunner in the anticipated altcoin rally. At press time, LINK is worth $14.9, having increased by 3% in the past day. Michael predicts a massive surge in Chainlink’s price, potentially reaching around $25. Focusing on ARB, van de Poppe pinpoints specific entry points for investors. He anticipates that a breakthrough above $1.06 could propel the token from $1.50 to $1.80, marking a substantial increase. He notes its upward trajectory for SAI, identifying potential entry regions around $0.30, with a bullish outlook towards a $0.60 target. These predictions are based on current market analysis and Sai’s recent performance. Bitcoin on the Spotlight Van de Poppe also addresses Bitcoin’s status at a crucial resistance point. He outlines potential scenarios for Bitcoin, including a possible rally to between $45,000 and $50,000, followed by a correction. This movement in Bitcoin, he suggests, will have a ripple effect on the altcoin market. The expert confidently says that he believes Bitcoin will end the year at nothing less than $40,000. At press time, BTC is worth $38,005.

5 days ago
Son of Man
Son of Man
followers

HOW POSSIBLE IT IS TO TRADE WITHOUT ANY INDICATOR? If yes, then how can we trade without indicators with consistency and profitably? Yes, it is possible to trade without using indicators. This type of trading is known as price action trading, which involves analyzing the movement of prices on a chart without the use of any technical indicators. Instead of relying on indicators, traders using price action look for patterns, trends, support and resistance levels, and other price-related information to make trading decisions. To trade using price action with consistency and profitability, traders need to have a solid understanding of market structure and price behavior. This requires experience, patience, and discipline to develop. Here are some tips on how to trade using price action: • Understand market structure: This includes identifying trends, support and resistance levels, and key price levels such as swing highs and lows. • Use candlestick charts: Candlestick charts provide more detailed information about price movements than other types of charts, making them a useful tool for price action traders. • Look for price patterns: This includes chart patterns such as triangles, rectangles, and head and shoulders patterns, as well as candlestick patterns such as dojis, hammers, and engulfing patterns. • Use price action signals: Price action signals include bullish and bearish engulfing patterns, pin bars, and inside bars, among others. • Manage risk: Risk management is critical in any trading strategy. Price action traders need to have a solid understanding of stop-loss placement, position sizing, and risk-reward ratios. • Practice and learn from mistakes: Price action trading is a skill that requires practice and patience. Traders should use a demo account or small position sizes to practice and refine their skills. It's also important to analyze trading results and learn from mistakes to improve trading performance over time.

5 days ago
TheNewsCrypto
TheNewsCrypto
followers

In the ever-evolving landscape of cryptocurrency, memecoins have become a captivating and volatile corner of the market. As of 2023, notable names like Dogecoin, Shiba Inu, Pepe, Floki, and Bone ShibaSwap have captured the spotlight, drawing enthusiasts from dedicated communities worldwide. Further, the global market is currently displaying positive momentum and signaling the potential onset of the next bull run. This article highlights the top 10 memecoins for consideration in 2023, taking into account insights from crypto insiders, market trends, reputable media sources, and specialized analysts. Dogecoin (DOGE) Market Cap: $11.1 Billion Trading Volume 24-H: $394 Million Dogecoin emerged as the first meme token in the cryptocurrency market and has garnered significant attention since 2021, propelled by support from celebrities like Elon Musk. Subsequently, DOGE’s market cap soared, securing its position among the top 10 cryptocurrencies. Over the past year and a half, Dogecoin’s price movement has been restricted within a symmetrical triangle pattern. Despite its seemingly uneventful price behavior, this consolidation phase signals an opportune period for investor accumulation, leading to a gradual increase in price. Dogecoin (DOGE) Price Chart (Source: TradingView ) At the time of writing, DOGE is trading at $0.07886, reflecting a 2.5% increase in the last 24 hours and a noteworthy 22% climb over the past month. If the existing trend persists, Dogecoin may breach the $0.09 to $0.1.5 range, potentially paving the way for further surges and offering DOGE the opportunity to reach the $0.3 to $0.5 range in 2024. However, if DOGE fails to sustain its upward trajectory, it may find support levels at $0.072 and $0.065, marking potential points of stability in the face of a downturn. Shiba Inu (SHIB) Market Cap: $4.9 Billion Trading Volume 24-H: $126 Million Shiba Inu, recognized as SHIB, witnessed a surge in popularity, capitalizing on its association with the strong SHIB Army. Launched in 2020, this meme token aims to establish a decentralized platform driven by its community of token holders. Shiba Inu’s layer 2 blockchain, “Shibarium,” positions it as a utility token, garnering significant attention. Moreover, SHIB has gained acceptance from various vendors and established partnerships, including with Binance Pay. Shiba Inu (SHIB) Price Chart (Source: TradingView ) As of the latest update, SHIB is trading at $0.000008379, has climbed about 2.6% in the last 24 hours, and has seen a 13% rise over the past month. There is potential for SHIB to reach $0.000015 in 2024. However, if SHIB fails to overcome $0.0000096 resistance, it may find support levels at $0.0000076 and $0.0000062, offering stability in the face of a potential downturn. Pepe (PEPE) Market Cap: $473 Million Trading Volume 24-H: $65 Million Pepe Coin, introduced just this April 2024, has swiftly captured the spotlight, reaching a significant market cap of $1.6 billion by May. Also, investors in PEPE experienced substantial returns, exceeding 90%. Pepe (PEPE) Price Chart (Source: TradingView) However, the memecoin encountered a decline in its value, mirroring the trajectory of many leading cryptocurrencies. PEPE witnessed a loss of over $1 billion in market cap. Currently trading at $0.000001127, soaring over 10% in a month, there is potential for PEPE to reach $0.0000027 in 2024 if the existing trend persists. On the flip side, if PEPE fails to sustain its positive trend, it could find support at $0.00000092, providing a potential floor amid market uncertainties. Floki (FLOKI) Market Cap: $331 Million Trading Volume 24-H: $26 Million Ranked fourth in the top 10 meme cryptocurrency lists. FLOKI is a revolutionary memecoin inspired by Elon Musk’s dog and launched in July 2021. FLOKI uniquely combines elements of decentralized finance, non-fungible tokens (NFTs), and the metaverse. Recent momentum has been noted, particularly with Musk’s dog securing the title of Twitter CEO. Floki (FLOKI) Price Chart (Source: TradingView) Currently trading at $0.00003352, FLOKI has experienced a 2.2% increase in the last 24 hours and an impressive 34.5% surge over the past month. If the current trend persists, FLOKI may have the potential to surpass $0.00008 and even $0.00015. However, if FLOKI faces a downturn, it could find support at $0.000026, offering a potential stabilization point. Bone ShibaSwap (BONE) Market Cap: $140 Million Trading Volume 24-H: $6.6 Million Bone ShibaSwap holds a crucial position as the decentralized exchange (DEX) governance token within the ShibaSwap ecosystem. This token, allowing the Shib Army to participate in voting on proposals, submitting ideas, and accessing future NFTs, operates on the Ethereum blockchain alongside the Shiba Inu (SHIB) and Doge Killer (LEASH) tokens. Bone ShibaSwap (BONE) Price Chart (Source: TradingView) As of the latest update, BONE is trading at $0.614. With the prolonged bear trend subsiding, BONE has the potential to breach $1 and $3 in 2024. Conversely, if BONE fails to overcome the challenges, it could experience a decline to $0.56 and $0.38, signifying possible support levels in the face of market uncertainties. Bonk (BONK) Market Cap: $241 Million Trading Volume 24-H: $50.2 Million BONK, the first dog-themed coin on Solana, follows a “for the people, by the people” approach, with 50% of its total supply airdropped to the Solana community. Launched on December 25, 2022, BONK draws parallels with meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). Bonk (BONK) Price Chart (Source: TradingView) Notably, BONK recorded an all-time high of $0.000005327 on November 20, 2023. Sustained growth may propel it to new highs in 2024, surpassing even BabyDoge in terms of market cap. Conversely, failure could lead to a decline to $0.0000032. Baby Doge Coin (BabyDoge) Market Cap: $178 Million Trading Volume 24-H: $1.6 Million Introduced in 2021, Baby Doge Coin has sought to ride the Dogecoin wave, maintaining a market capitalization of approximately $178 million. Distinguishing itself from other memecoins, Baby Doge Coin emphasizes added utility, exemplified by the introduction of the decentralized exchange (DEX) Baby Doge Swap and an NFT collection on the Ethereum blockchain. Baby Doge Coin (BabyDoge) Price Chart (Source: TradingView) Currently trading at $0.000000001233, BabyDoge could reach $0.0000000034 in 2024 with sustained positive momentum. Conversely, failure may result in a decline to $0.0000000011. Dogelon Mars (ELON) Market Cap: $94 Million Trading Volume 24-H: $39 Million Dogelon Mars stands as yet another meme coin’s creation to leverage Elon Musk’s support of Dogecoin in 2021. While not categorized as a major project, Dogelon Mars still commands a notable market capitalization of $73 million. Separate from the strategies employed by Baby Doge Coin and Floki Inu, the Dogelon Musk project appears to place less emphasis on providing utility to the ELON token. Interestingly, the project’s website prominently features a comic series as its sole highlighted “product.” Dogelon Mars (ELON) Price Chart (Source: TradingView) As of the latest update, Dogelon Mars is trading at $0.0000001723. If the prevailing market trend continues to generate positive momentum for Dogelon Mars, the memecoin may potentially reach values of $0.00000058 or even $0.0000098 in 2024. Doge Killer (LEASH) Market Cap: $31 Million Trading Volume 24-H: $1.2 Million Doge Killer (LEASH) functions as a token within the Shiba Inu (SHIB) ecosystem, which is often hailed as the “Dogecoin (DOGE) killer” due to its substantial popularity. SHIB has risen to become the second-largest canine-inspired coin in the cryptocurrency space and aims to serve as the Ethereum (ETH)-based counterpart to Dogecoin’s Scrypt-based mining algorithm. Doge Killer (LEASH) Price Chart (Source: TradingView) If Shiba Inu continues to capture the community’s attention and experience further surges, LEASH may potentially follow suit, offering a chance to overcome an extended bear trend. Presently, Doge Killer is trading at $297, and a bullish trend could propel LEASH to prices ranging between $720 and $1,350 in 2024. However, failure to exceed the $500 resistance level may result in LEASH remaining within the range of $250 to $330. ArbDoge AI (AIDOGE) Market Cap: $26 Million Trading Volume 24-H: $9.7  Million The final entry in the lineup is ArbDoge AI, an unconventional project serving as an experiment within the Arbitrum ecosystem. The newly launched AIDOGE has garnered a positive response from the Arbitrum community. ArbDoge AI (AIDOGE) Price Chart (Source: TradingView) As of the latest update, AIDOGE is trading at $0.0000000001495, reflecting a 22% increase in the last 24 hours and a notable 27% surge over the past week. If this trend persists, AIDOGE may climb to $0.0000000002 in 2024. Conversely, a failure to sustain this trend could lead to a decline in the price of AIDOGE, potentially reaching $0.0000000001211. FAQ What are the top-performing memecoins in 2023? Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Are memecoins a good investment or a bad one? Memecoins can be highly volatile and speculative, posing significant risks; therefore, they are considered high-risk investments and may not be suitable for all investors. Can memecoins move beyond speculation to real-world utility, and how does utility development affect their long-term viability? Yes, memecoins, like Shiba Inu with its Shibarium blockchain, can shift from speculation to real-world utility, enhancing their long-term viability through practical applications. Can memecoins, such as Dogecoin and Shiba Inu, sustain long-term growth, or is their value mostly driven by hype? The sustainability of long-term growth for memecoins like Dogecoin and Shiba Inu remains uncertain, as their value is often influenced by hype and social media trends rather than inherent utility.

5 days ago
Victor Del Pino
Victor Del Pino
followers

📊U.Today Analysis: Shiba Inu (SHIB) Set for 15% Breakthrough, But There's One Major Problem Shiba Inu (SHIB) is currently positioned at the edge of a potential 15% price breakthrough on the SHIB/USDT chart. However, a closer look at the token's volume profiles and market behavior signals a major hurdle that could dampen the momentum needed for this leap. As technical indicators suggest, SHIB is at a crossroads. The token is eyeing a move above its 200-day Exponential Moving Average (EMA), a critical resistance level that, if breached, could validate the bullish trend. Traders and investors are closely monitoring this level, as a decisive close above it may signal the start of a sustained upward trajectory. Yet, the descending volume profile casts a shadow over the scenario. Volume is a key driver in the validation of any price movement; it provides the necessary market participation and confidence. For SHIB, the declining volume indicates a lack of interest, or hesitation among traders to commit at current price levels. This reduction in trading activity could result in a false breakout or a return to lower support levels, making the anticipated 15% surge an uphill battle. Moreover, network fees associated with SHIB transactions remain low, hinting at subdued activity on the network. In vibrant market conditions, increased activity leads to higher network fees due to the demand for transaction processing. The market's dynamics are clear: without volume, even the most technically poised setups are prone to fail. For SHIB to overcome its current impasse and achieve a 15% price increase, it would require a substantial influx of trading volume. This would not only validate the bullish sentiment but also propel the token past the 200 EMA, which is crucial for maintaining upward momentum.

6 days ago
Crypto Daily™
Crypto Daily™
followers

As of November 2023, the cryptocurrency market is experiencing a notable rebound, driven by anticipation for the upcoming Federal Open Market Committee (FOMC) minutes. This resurgence has sparked renewed investor enthusiasm, with Bitcoin leading the charge. The market's bullish run is primarily fueled by optimism and speculation over the approval of the first Bitcoin Spot ETF. Amidst this backdrop, individual cryptocurrencies like Bitcoin, Ethereum, XRP, Solana and Cardano have noted gains, with the global crypto market cap soaring to $1.42 trillion.  In this vibrant market scenario, emerging cryptocurrencies such as Aptos (APT), Liquity (LQTY), Render (RNDR), LeverFi (LEVER) and ScapesMania are carving their niches, each offering unique value propositions and facing distinct challenges.  ScapesMania: The Rising Star in the Crypto Universe While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now – Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale is Live, Learn More About Major Benefits Aptos (APT): The Layer-1 Contender Upon releasing approximately 10% of its total supply – equating to 24.84 million tokens – Aptos (APT) has undergone a significant transformation. With key groups within its ecosystem being the recipients, this action notably amplifies Aptos (APT) circulating volume and thus profoundly influences its market dynamics. Aptos (APT) market is currently characterized by a price range of $5.35 to $8.1. The 10-day moving average stands at $7.22, and the 100-day moving average is at $5.93, indicating short-term stability with a slight upward trend over time. Support levels are at $0.9 and $3.65, showing market confidence, while resistance levels at $9.15 and $11.9 could pose challenges to its growth. Aptos (APT) navigates a future that presents an amalgamation of growth opportunities and hurdles; the recent token release, while potentially enhancing market liquidity and drawing in investors, also introduces the peril of price volatility. Major industry players substantiating their support inject credibility into the situation, which could fuel potential expansions. Concerns about market manipulation may arise due to the high concentration of Aptos (APT) among top holders. Render (RNDR): The Digital Artist's Blockchain Recently, the prominent AI cryptocurrency Render (RNDR) achieved significant milestones in its development: it successfully migrated to the Solana blockchain and launched an extensive incentive program for node operators. This strategic move anticipates a fresh influx of enthusiasts – both from AI and crypto sectors – into the Render (RNDR) community. Render (RNDR) current price range is between $1.71 and $2.86. The token's market dynamics are characterized by a 10-day moving average of $3.11 and a 100-day average of $1.9.The resistance levels are set at $3.34 and $4.48. Render's pivotal developments – the introduction of an incentive program and a migration to Solana – hold great potential for enhancing network performance and scalability. This could trigger elevated adoption as well as demand for Render (RNDR) tokens. Coupled with these strategic advancements, current market indicators hint at a promising trajectory in Render (RNDR) in the near future. Liquity (LQTY): Simplifying Decentralized Borrowing As the native token of a decentralized borrowing protocol, Liquity (LQTY) has a capped supply of 100 million tokens. The Liquity (LQTY) protocol operates uniquely, allowing users to deposit Ethereum as collateral to take out loans in LUSD, its tied stablecoin. Borrowers are required to maintain a minimum collateral ratio of 110%, with the distinctive feature of a one-time fee instead of a variable interest rate.  Liquity (LQTY) current price range is between $0.928 and $2.343. The token's market behavior is reflected in its 10-day moving average of $1.418 and a 100-day average of $1.175. While specific support levels are not detailed, the resistance levels are identified at $3.042 and $4.457. The unique loan structure of Liquity (LQTY), coupled with its innovative approach to decentralized borrowing, situates the company for prospective growth in the DeFi sector. Its token's market performance – marked by moving averages and resistance levels – signals escalating interest and a potential upswing in valuation. LeverFi (LEVER): Transforming Financial Trading on the Blockchain LeverFi (LEVER) – a decentralized leverage platform constructed on the Ethereum blockchain – heralds a noteworthy transformation in financial trading within the blockchain domain. By rebranding and launching itself anew in 2022, LeverFi (LEVER) empowers its users to escalate their trading capacity with borrowed funds.  Experiencing remarkable shifts in the crypto market, the LeverFi (LEVER) token plummeted to an all-time low in August; however, it impressively recovered by over 230%, a significant price rise of more than 85% occurred solely during September. At present, LeverFi (LEVER) maintains a trading range between $0.00062 and $0.00264 with its 10-day moving average at $0.00133 and its 100-day average slightly higher, resting at $0.00146. LeverFi (LEVER) token recently recovered, and DWF Labs made a multi-million dollar investment in it, the development that has captured significant investor attention. This surge of capital – alongside the burgeoning interest in decentralized leverage trading – hints at an optimistic future for LeverFi (LEVER); its innovative platform that melds traditional financial trading with blockchain technology paves way for prospective growth within the DeFi arena. Conclusion Emerging players such as Aptos (APT), Liquity (LQTY), Render (RNDR), LeverFi (LEVER) and ScapesMania gain prominence in the evolving cryptocurrency market of November 2023. With its innovative approach and robust presale performance, ScapesMania demonstrates promise. Increased liquidity and industry support are challenges that Aptos(APT) is currently navigating. Positioning itself in the digital art space with strategic moves such as migrating to Solana is Render (RNDR); meanwhile, Liquity (LQTY), offering a unique decentralized borrowing protocol, signifies stability and innovation, LeverFi (LEVER) is demonstrating resilience and growth potential through its advancements in decentralized financial trading. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.  

8 days ago
Kamcryp
Kamcryp
followers

Analyzing Bitcoin's Monthly Chart: A Road to $47,000 Introduction: When it comes to the world of cryptocurrencies, #bitcoin (BTC) remains the undisputed leader. As investors and traders, it's imperative that we keep a close eye on BTC's price movements, and the monthly chart provides valuable insights. In this article, we will delve into an analysis of Bitcoin's monthly chart, highlighting key support levels, market dynamics, and potential future scenarios. Understanding BTC's Historical Support: The cryptocurrency market is known for its volatility, and Bitcoin is no exception. Over the years, it has witnessed significant price fluctuations. Recent data shows that BTC has found substantial support around the $25,000 mark. This support level indicates the presence of committed buyers who see value in Bitcoin's long-term potential. Targeting $47,000: Given the support at $25,000 and the bullish momentum, it's reasonable to set sights on the next significant milestone: $47,000. While past performance is not indicative of future results, understanding the historical price behavior of can provide valuable insights for traders and investors. However, it's important to remain cautious and continuously monitor market conditions, as cryptocurrency markets can be highly unpredictable. Conclusion: Analyzing Bitcoin's monthly chart is a valuable skill for any cryptocurrency enthusiast. By recognizing historical support, interpreting candlestick patterns, and setting realistic price targets like $47,000, you can make more informed decisions in the crypto market. . $BTC $ETH $BNB #CryptoBullCycle #sol #BitcoinRevival #BinanceSquareBTC

25 days ago
CryptoDay
CryptoDay
followers

🤔 EVERYTHING CHANGED FOR CRYPTO AND THIS IS WHAT THEY HOPE TO HAPPEN WITH BITCOIN Like most tokens, both Bitcoin and Ethereum traded lower this Friday and lost key marks. What happened? This setback comes after weeks of recovery in the crypto ecosystem, driven - in large part - by speculation about the arrival of a Bitcoin spot ETF and the recent decision by the US Federal Reserve (FED) to keep interest rates unchanged. change for the second time in a row. Although the Fear and Greed Index - which acts as a thermometer of investor behavior - fell by 7 points this Friday, a bullish sentiment still predominates in the market and the risk hunger among traders was not completely lost. Bitcoin (BTC), the oldest and most popular cryptocurrency in the world, turned red this early Friday and went from trading above $35,000 to $34,193. Indeed, the star token fell by 3.4% in the last 24 hours. Despite this slip, several analysts continue to maintain a positive view and expect the bullish streak to continue after the rejection. In fact, the financial platform Matrixport predicts that BTC will reach $45,000 this year and $125,000 by the end of 2024. ETHEREUM (ETH), for its part, lost the $1,800 mark after a 2.8% drop in its price. Thus, the second most relevant cryptocurrency on the market was located around US$1,787. Thank you in advance for your valuable 👍, follow me for more valuable information, thank you. #cryptoday #Bullrun #cos $BNB $BTC $ETH

27 days ago

Loading...