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Former Yuga Labs CEO Retakes Role, Boosting Price Floors of These NFTs
7 days ago
红发香克斯
红发香克斯
followers

$PIXEL is stable! Stop the decline and get out of the bullish U-shape. Billions of billions have changed hands in the past few days. All that should be cashed out have been cashed out. The rest is the pattern. As long as the project side does not play the rat warehouse, Pixel may become the next fund. Influx of hot spots! Now we are waiting for the game to open NFT minting, which requires a large amount of tokens. Only then can we start the main wave without looking back. There are hundreds of thousands of players holding currency addresses. Even if 90% of the over-opened accounts are excluded, there are only 10,000 The tokens consumed by people for minting can also drive up the currency price. How many people will be stimulated by the rise in currency prices? Will they become the second axie? Spiral upwards with no ceiling

6 days ago
小梁生活要谈币
小梁生活要谈币
followers

Is the bull market coming? People who are already into blockchain, how can they still ask this kind of question? Serious people, who care about when the bull market will come all day long? In addition to a bunch of pretenders who come up with all kinds of Federal Reserve data and tables to make so-called predictions Will the price of Bitcoin increase or decrease tomorrow? The world is inherently uncertain. Who would have known four years ago that concepts such as NFT, L2, and blockchain games would be popular today? Who can predict the thunderstorm after FTX becomes popular? The answer is "no one" Didn’t find out, there are so-called forecasters in all walks of life, predicting house prices, predicting stock prices, predicting currency prices... they have everything they should, and the prediction methods are all kinds of weird, including the Book of Changes, economic models, and some even claim to come from the future ( Douban KFK), back to the currency market, do you think it is reliable? Prediction essentially belongs to probability science. Regardless of fortune telling, prediction of rise or fall, it all falls into this category. What is probability science? Probability science studies the random laws of things. It requires a large number of samples to get close to the laws. The fewer the times, the less discernible it is. out of order In the early years, countless people on the Internet predicted the collapse of Bitcoin, with huge rises and falls. Looking back, they were all slapped in the face. In short, we can only continue to ambush and work hard. As for the future, we will leave it to time. But I believe that there is a high probability that the future will not let down those who are working hard now. Join me to join a group to keep warm, click my follow button. Share high-quality projects for free for a long time and lead the way to riches. You won’t regret knowing me. $BTC $ETH $BNB

6 days ago
CaptainAltcoin
CaptainAltcoin
followers

XRP price has remained relatively flat this week, down a modest 1% to trade around $0.54. Technical analysis shows that XRP recently broke out of a descending channel it had been stuck in since late November, marked by the blue lines on the price chart. However, the price has failed to see any significant pumps and if the current direction continues over the next few weeks, XRP could enter into a sideways trading channel. Notably, the 200-day moving average currently sits at $0.56. As a reminder, the 200-day moving average is a widely followed technical indicator that smooths out price action to identify long-term trends. With XRP still below this level, it indicates the asset remains in bearish territory from a long-term standpoint. Popular crypto analyst Dark Defender offered an optimistic take on where XRP is headed next. In a recent tweet, he noted “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. Wave 3: this run is in play.” Defender sees the recent price action as the end of the corrective Wave 2, with key support at $0.5198 to $0.5066. From there, he expects XRP to break out and tear through the daily Ichimoku Clouds en route to hitting initial targets at $0.6649, $0.7707, and $0.9191. However, he views $5.85 as the next major inflection point where XRP will see another wave of extreme bullish momentum, akin to when it ran to nearly $2. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – In Defender’s view, the current consolidation sets the stage for the next leg in XRP’s ongoing bull market. And if his wave analysis proves correct, $5.85 serves as the midpoint target for the massive Wave 3 that could send XRP to unprecedented highs over the long-term. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple Analyst Predicts $5.85 XRP as Next Target in Ongoing Bull Run – But There’s a Catch appeared first on CaptainAltcoin.

6 days ago
CaptainAltcoin
CaptainAltcoin
followers

Ethereum (ETH) appears primed for a major bullish breakout, with the price approaching key levels not seen since the last market cycle’s peak. According to analysis from crypto trader Rekt Capital, Ethereum looks ready to close its monthly candle above $3,000 for the first time since 2021. Monthly Close Above $3,000 Would Be Historically Bullish Currently trading between $2,950 and $3,000, Ethereum’s chart remains in a decisive uptrend. As Rekt Capital points out, Ethereum has broken out of its macro trading range between $2,200 and $2,800. Now the price looks strong as it approaches the $3,200 level, which it has only closed around during historic bull runs. “A monthly close above the $3,000 at the end of the month also represent new labels not seen since 2022,” explains Rekt Capital. He notes Ethereum has only ever monthly closed at these elevated levels during a bull market, which last occurred in 2021. Analysts See Continued Upside for Ethereum Other analysts agree Ethereum’s technicals and on-chain activity point to further upside. CryptoJelle notes that while Ethereum likely won’t make new all-time highs in one move, it remains a strong long-term hold for 2024. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – “There we go, ETH is showing the market what it’s made of. This won’t go to new highs in one go, but ETH should be a good asset to hold for the rest of the year. Send it higher,” he tweeted. Conclusion In summary, Ethereum looks poised for continued bullish momentum as it approaches key resistance levels not seen since the last cycle’s peak. Breaking above $3,000 with a monthly close could confirm a historic bullish breakout. Analysts remain optimistic about Ethereum’s upside potential through the rest of 2024. The coming weeks will determine whether Ethereum can sustain this bullish momentum and make a run toward reclaiming its all-time highs. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ethereum (ETH) Has Only Closed Above This Price in a Bull Run, and It’s About to Do It Again appeared first on CaptainAltcoin.

6 days ago
CaptainAltcoin
CaptainAltcoin
followers

Polygon’s native crypto asset MATIC appears poised for a major multi-year breakout that could see its price skyrocket over 900% to above $10, according to recent analysis from crypto experts. With MATIC trading around $0.97 at the time of this writing, technical patterns suggest a rally mirroring its historical price action in 2021 is forthcoming. Breaking Out After Consolidation According to crypto analyst Captain Faibik, MATIC is ready to pump hard and repeat the massive historical price gains seen in early 2021. Back then, MATIC surged from around $0.01 after breaking out from consolidation, kicking off a sustained rally that peaked in early 2022 at an all-time high near $2.90 – a 29,000% gain from $.01. Captain Faibik believes MATIC consolidating for over a year presents a similar opportunity, with a breakout signaling the start of a new bull run. Given MATIC’s history, he expects an even larger pump this time, with prices reaching $10 in 2025 – over 900% above the current $0.97 level. Closing Above Key Level Fellow analyst Ali also sees bullish signs for MATIC from a long-term technical perspective. He points to a multi-year symmetrical triangle formation that could be on the cusp of a decisive breakout. In Ali’s view, a daily close above the key resistance level of $0.96 would confirm the start of a new uptrend. Ali’s first upside target from there is $1.73. However, based on MATIC’s historical price action and tendency for massive moves out of long consolidations, Captain Faibik sees far greater upside on the horizon. Multi-Year Breakout Could Fuel Rally to New Highs The confluence of optimistic technical analysis and MATIC’s historical tendency for explosive growth after consolidation periods suggests significant upside potential lies ahead. Given the patterns and bullish indicators, MATIC appears primed for a multi-year breakout that could ultimately send its price well above $10, dwarfing previous all-time highs. With MATIC poised at a critical long-term juncture near $1, analysts say conditions are ripe for history to repeat itself in epic fashion. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Polygon’s MATIC Primed for 900% Following Multi-Year Breakout as ’History Will Repeat Itself’ appeared first on CaptainAltcoin.

6 days ago
Coinstages
Coinstages
followers

Shina Inu (SHIB) became one of the most popular crypto assets after its exploit in the 2021 bull season. The canine-themed crypto asset was among the top performers in 2021, which made many early investors millionaires.  Despite its struggles to reclaim previous price levels, Many Shiba Inu enthusiasts have remained bullish, projecting $0.01 price levels for SHIB. According to Shiba Inu’s data on the popular crypto-tracking site, CoinGecko, the digital asset is changing hands at approximately $0.0000098, reflecting an 88.7% decline from its $0.00008616 all-time high (ATH) price.  Attaining $0.01 from current price standings seems incredible as it entails a whopping surge of about 101,941%. However, it could be a realistic price target if the Shiba Inu ecosystem can capitalize on these three noteworthy aspects. Shiba Inu (SHIB) Burn Rates  It is no longer news that Shiba Inu boasts a massive circulating supply pool of roughly 589T tokens, which has limited its price expansion over the years.  Based on the supply pool above, incinerating a reasonable quantity that could catalyze SHIB’s $0.01 ascent would require concrete efforts from the Shiba Inu development team and community. Per data obtained from Shibburn, approximately 410.7 trillion SHIB tokens have been permanently removed from the coin’s supply.  Worthy of mention is the fact that Vitalik Buterin, Ethereum’s co-founder, contributed more than 90% of the total burn when he orchestrated the incineration of 410 trillion SHIB in 2021, leading to the rally that saw the coin attain its ATH.  With new inventions like Shibarium and Sheboshis Non-Fungible-Token (NFT) collections, the Shiba Inu development team hopes to achieve a more significant burn rate. Remarkably, using Shibarium gas fees, the crypto platform has incinerated over 40 billion SHIB.  Aside from the manual method employed on the Shibarium to burn SHIB, an automated incineration mechanism was recently developed. The automatic burn protocol is in its test phase; it will soon be launched on the mainnet once its operations worthiness is confirmed.  Meanwhile, in one of the most recent developments, as revealed in one of our reports, the Shiba Inu ecosystem is set to expand its burn campaign using Sheboshis NFTs. Notedly, the Sheboshis NFT will not only incinerate SHIB; tokens like BONE, LEASH, and two yet-to-be-launched tokens within the Shibarium network will partake in the burn project.  Bitcoin (BTC) Halving Event  According to CoinMarketCap countdown, the most anticipated event in the crypto industry at the moment, Bitcoin halving, will happen 62 days from now.  As previous halving events were renowned for orchestrating price rallies across the crypto market, crypto assets’ prices are expected to experience a massive surge after the April 2024 halving. In an old report, Lucie, the Shiba Inu development team marketing strategist, hinted at when the SHIB rally would commence. According to the market strategist, the SHIB price surge will happen at the peak of the 2024 bull season. Explaining how she expects it to happen, she noted that profits from big projects like Bitcoin and other top altcoins will flow into the Shiba Inu ecosystem, catalyzing its price increment.  Developmental Expansion  Aside from a significant burn rate, another facet that will continually attract users on any platform is the developmental pattern.  Should the Shiba Inu development keep up with innovative trends across the crypto sphere, it becomes safe to say that the crypto project will gain more popularity and attract potential investors. ⚠️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

7 days ago
CaptainAltcoin
CaptainAltcoin
followers

Today’s thread on X by popular Ripple analyst EDO FARINA sheds new light on a decades old prediction about the future of global currencies. In a Twitter thread, Farina draws attention to the January 1988 cover of The Economist magazine, highlighting key passages that appear remarkably prescient of the role that Ripple and its native digital asset XRP may play. Farina quotes the magazine stating that “The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.” This new “World Currency” was dubbed the Phoenix, depicting how it will rise from the ashes of burned banknotes. According to the publication, it will be favored for its ease of use and stabilized value worldwide. As Farina notes, “We all see how damaged economies damage lives! We finally have the ‘Phoenix Standard’.” But the magazine acknowledged that governments would be hesitant to relinquish economic sovereignty. However, it predicted that catastrophic events like pandemics that severely impacted economies may ultimately force their hand. As quoted by Farina, the magazine stated “Until governments surrender some economic sovereignty, further attempts to peg currencies will flounder.” Another prescient insight was that “The flows of money have replaced trade in goods as the force that drives exchange rates.” Volatile exchange rates could really damage national economies. The solution, as the magazine presented, would be greater coordination of economic policies between countries. But any standard adopted would need to enable extremely fast and low cost transactions, a description that closely aligns with XRP’s capabilities. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Farina draws attention to how the magazine acknowledged that a “Phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy.” Control would shift to a new centralized banking authority, potentially descended from the IMF. National governments could still influence domestic inflation, but their powers would be curtailed. In a truly stunning prediction, the article envisioned remote work becoming commonplace, stating “Indian computer operators will be processing New Yorkers’ paychecks.” This echoed the massive work from home shift sparked by the Covid pandemic decades later. Farina makes a compelling case that very few if any other cryptocurrency matches this vision apart from XRP. As a digital asset controlled by Ripple and optimized for cross-border payments, it exhibits the characteristics the magazine laid out presciently in 1988 for a future “World Currency.” The Rothschild owned Economist may have inadvertently predicted XRP’s role over 30 years before its creation. EDO FARINA’s thread raises fascinating questions about whether decades old forecasts could be coming to fruition through Ripple’s work with XRP. You may also be interested in: ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple Researcher Links The Economist’s 1988 Prediction of a Coming ‘World Currency’ With the Modern Capabilities of XRP appeared first on CaptainAltcoin.

7 days ago
koinmilyoner
koinmilyoner
followers

🔥🔥Why Does Shiba Inu Burn Rate Crashes With Only 2 Million SHIB Burned?🔥🔥 🔥Over the last 24 hours, the amount of burnt tokens and burn transactions has declined substantially, flatlining the Shiba Inu burn rate. This decline in the burn rate may indicate that SHIB users are less interested in lowering meme currency supplies. 🔥🔥Shiba Inu Burn Rate Stalls 🔥The quantity of Shiba Inu tokens destroyed to decrease supply was high at the start of the year. Shiba Inu also burned utilizing Ethereum Layer 2 network Shibarium fees. 🔥After the market rebounded, SHIB token burning declined. The volume of burn deals in recent weeks has dropped compared to late last year and early this year. Burn monitoring service Shibburn has only registered two burn transactions in the previous 24 hours. 🔥Only 2 million SHIB coins were burnt in the past day, worth $19 at the token's current value. The prior day's SHIB token burn also matches this statistic, making the difference in the past two days 1.93%. The burn tracker shows the meme currency doing poorly on the weekly chart. Shibburn's official X (previously Twitter) account reports a 38% drop in burn rate in the last week, with 64.85 million tokens worth $611 burnt. 🔥🔥Holders Don't Burn SHIB: Why? 🔥Shiba Inu holders may be hesitant to burn tokens due to the crypto market's price rebound. As the market enters an explosive bull market, SHIB prices are projected to soar fast. Thus, holders may be hanging onto their coins in hopes of a price increase. Shiba Inu is trying to burn more SHIB. Lucie, the team's marketing head, told Bitcoinist that Sheboshi, its new NFT project, would fund burns for SHIB and others. 🔥Utilizing Shibarium network fees, the team is automating SHIB burning. Since this burn process would eliminate billions of tokens every month, the supply will decrease significantly. #SHIB #Write2Earn #TrendingTopic

7 days ago
CaptainAltcoin
CaptainAltcoin
followers

The cryptocurrency markets experienced notable price fluctuations over the past 24 hours, with leading assets like Bitcoin and Ethereum seeing decreases. According to CoinMarketCap data, the total crypto market capitalization currently stands at $1.96 trillion, down 0.89% daily. Bitcoin’s price dropped 1.62% to $51,206 during this period. As the most prominent digital currency, Bitcoin often sets the tone for overall market sentiment. Other altcoins has also witnessed single digit price loss in the last 24 hours. Bitcoin seems to have cooled down its rally, while Ethereum dropped after regaining the $3,000 level. Likewise, second-ranked cryptocurrency Ethereum retreated modestly by 0.17% to trade at $2,913. This capped a week of rangebound action for ETH around the key $3,000 support level. Investors managing positions Multiple factors appear to be responsible for the recent crypto retracement. Investors and traders managing positions amidst inherent volatility in the nascent asset class remain one driver. Additionally, anticipation surrounding the upcoming Nvidia earnings report seems to be impacting valuations. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – As a leading technology hardware manufacturer, Nvidia’s quarterly results will provide clues around AI chip demand. This connects with the recent explosion of interest in AI-driven cryptocurrencies since the recent OpenAI video chatbot launch. So crypto markets may see sensitivity to tech sector developments ahead of Nvidia’s financial disclosures. Overall, today’s downturns underscore the complex array of variables now influencing digital tokens. Sentiment and risk appetite fluctuate dynamically across investor types. Macroeconomic conditions and traditional tech sector performance also correlate more closely with crypto as adoption advances. Bitcoin and Ethereum serve as bellwethers for these complex forces colliding. Their stability near recent support levels, along with the ability to recover losses, will indicate whether bearish convictions persist on the margins. But as always with decentralized assets, surprises abound on both the upside and downside. You may also be interested in: ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Why Is The Crypto Market Down Today? appeared first on CaptainAltcoin.

8 days ago
Hamza Traders
Hamza Traders
followers

Earn 1 Doller Binance is one of the largest and most popular cryptocurrency exchanges in the world, where you can buy, sell, trade, and store various digital assets¹. Binance also offers many features and services, such as Binance Pay, Binance Academy, Binance NFT, Binance Earn, and more². Cryptocurrency investing is a form of online trading that involves buying and selling digital currencies, such as Bitcoin, Ethereum, Binance Coin, and others. Cryptocurrencies are powered by blockchain technology, which is a decentralized and distributed ledger that records transactions and ensures security, transparency, and immutability³. However, cryptocurrency investing is not without risks and challenges. The market is highly volatile, meaning that prices can change rapidly and unpredictably. There are also many factors that can affect the performance of cryptocurrencies, such as regulations, hacks, scams, competition, innovation, and demand and supply⁴. Therefore, you should always do your own research, be careful with your money, and never invest more than you can afford to lose. I hope this information was helpful to you. #Write2Earn

8 days ago
CaptainAltcoin
CaptainAltcoin
followers

XRP saw its price plummet after the lawsuit with the SEC. But after extensive sideways ranging, technical analysts have taken notice of early bullish signals emerging on the charts. With key resistance levels in play, the door may stand open for 24% near-term upside after crypto’s most prolonged consolidation period on record. Bounce at $0.54 Offers Clues to Range Break Ahead As analyst Cryptoes noted, throughout its multi-month consolidation phase, XRP has consistently bounced off support around $0.54. But with the long-standing ceiling at $0.578 still intact, prices remain stuck, bouncing between two technical barriers. Only a decisive daily close above $0.578 resistance would confirm XRP breaking from its ranged purgatory, according to Cryptoes. Until that final hurdle gets surpassed, bulls must continue playing defense around $0.54 support. 3 Years of Ranging Precedes Major Breakout X account 25hoursawake offers added context on the grueling sideways chop that XRP has contended with its earlier parabolic peak. After three painful years of directionless price action, he believes XRP may finally approach an inflection point. With range resistance wearing down through repeated tests, the coiled spring appears ready to unleash based on historically analogous setups. Still, a clear upside confirmation remains pending. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Technicals Support Reversal Potential Offering an additional layer of insight, altFINS points to improving technicals on XRP’s price charts. XRP’s breakout from the confines of a multi-month downtrend channel signals a bullish trend change, according to their analytics. With price stability also reasserting itself above the key $0.54 support, the initial measured move upside target sits around $0.68 – representing 24% prospective gains from breakout confirmation. After crypto’s most grueling bear market on record, the conditions for volatile reversals may now come into focus. XRP has notably weathered immense selling pressure in the face of SEC litigation and delistings from major exchanges. Years of ranging later, the ultimate contrarian opportunity could emerge if range resistance finally falters for a new bull market. But XRP bulls still await definitive proof of that next breakout catalyst before calling an end to the long crypto winter. You may also be interested in: ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple (XRP) Flashes Signs of Life After Multi-Year Consolidation, Analysts Expect A Breakout To This Level appeared first on CaptainAltcoin.

8 days ago
Binance OTC
Binance OTC
followers

  After passing $51,000 last Wednesday, Bitcoin encountered strong resistance at $53,000 and is currently trading sideways in the $51,000 to $53,000 range. While Bitcoin struggles to gain another leg up, the altcoin space is brimming with strong performers. The recently released text-to-video model Sora by OpenAI reignited market interest in artificial intelligence (AI). Worldcoin ( $WLD ), founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania, is one of the winners following the product's release. Sam Altman is also the CEO of OpenAI. WLD prices increased from $3.50 to $7.80 in only four days following the introduction of Sora. Livepeer ( $LPT ) has also benefited from Sora's introduction. Livepeer is a decentralized live video streaming network protocol that leverages decentralized technology to provide a viable alternative to traditional, centralized broadcasting methods. LPT's market capitalization nearly tripled in two days following the news, and it now trades at $15.Prom ($PROM) also had a volatile week, with a more than 90% increase in a few hours after DWF Labs CEO Andrei Grachev publicly confirmed his personal investment in the project. Prom is a gaming non-fungible token (NFT) marketplace and rental platform that allows for uncollateralized rentals of NFTs and mortgage services. Overall Market The above chart shows the BTC price movement since December 2021.As we discussed last week, BTC faces significant resistance above $53,000, as shown by the red zone. If BTC overcomes this resistance level, there will be no significant resistance until it reaches $59,000. As a result, the bears will try to defend this resistance level as much as they can.While BTC has been trading sideways over the last few days, inflows from Bitcoin spot ETFs remain strong. A constant $300 to $500 million in net inflows to Bitcoin ETFs per day demonstrates the high demand from investors for risk exposure to bitcoin.However, the Bitcoin price has increased by 35% last month, rising from $38,500, the lowest level since the FTX bankruptcy estate liquidated $1 billion of GBTC, to $52,000. It's not surprising that investors and traders are rotating their capital from Bitcoin to other altcoins. This capital rotation is completely normal given BTC’s significant price movement. The above chart shows the ETH/BTC price movement in the last two weeks. After Bitcoin surged and passed $51,000 last Wednesday, our desk noticed a strong demand for Ethereum. In the last seven days, the ETH/BTC price has increased from 0.0531 to 0.0572, with ETH outperforming BTC.Our desk expects this upward trend in ETH/BTC to continue in the coming weeks, as the ETH network will have the long-awaited Dencun upgrade in March.Another factor contributing to the ETH price's outperformance is the potential approval of an Ethereum spot ETF. Currently, the market expects the SEC approval in May. Options Market The above table shows the at-the-money implied volatility for BTC and ETH options with different expiries.While the implied volatilities for BTC options are all above 50%, they stay at the same level as last week. On the other hand, the implied volatilities for ETH options are around 60%, except for the 30-day expiry one.With a large difference in IVs between ETH options and BTC options in the front end, it seems options traders are buying ETH options and pushing the options in the front-end tenor to be higher. It signals that a potential large movement in ETH price in the next few days is priced in the options market.It will be interesting to monitor the IV on ETH near-term options and see if it retraces to the normal range soon. As the bulls failed to hold their ground and keep the ETH price above the $3,000 critical level, our desk expects to see both bulls and bears push forward and crash on the other side.Given the high IVs on ETH front-end options, selling covered calls and covered puts can yield nice returns. For example, selling an ETH-3000 call expiring March 1 will collect an 86.4 USDT premium, a 119% annualized yield, with a spot reference of 2940 USDT. Macro at a glance  Last Thursday (2024-02-15)In January, US retail sales fell 0.8% month on month, more than the expected 0.2% drop. The retail sales growth rate in December was revised to 0.4% from 0.6%. Core retail sales fell 0.6% on a monthly basis in January, compared to the expected 0.2% increase.US initial jobless claims remained in the low range, with 212k new claims reported last week, slightly exceeding the expected 219k.British retail sales increased by the most in nearly three years in January as consumers regained their appetite for spending, implying that the economy could recover more quickly than expected from its recession in the second half of last year. Retail sales increased by 3.4% in January, far exceeding the estimated 1.5% increase and December's 3.3% decrease.Last Friday (2024-02-16)The US PPI increased by 0.3% on a monthly basis in January, surpassing both the previous month's -0.1% and the estimated 0.1% increase. The rising PPI will put upward pressure on inflation and could lead to a later rate cut by the Fed.According to Statistics Canada, Canada's CPI fell to 2.9% year on year in January, down from 3.4% the previous month. This reading came in lower than the market's expectation of 3.3%. On a monthly basis, the CPI remained unchanged, despite the expected 0.4% increase. The annual Core CPI increased by 2.4% during the same period, down from 2.6% in December.  The disinflationary numbers in Canada raise the possibility of an early rate cut by the Bank of Canada.On Tuesday (2024-02-20)China's central bank cut the 5-year loan prime rate by 0.25 basis points to 3.95%, while leaving the 1-year rate unchanged at 3.45%. This rate cut is regarded as the latest effort to relieve pressure on the country's struggling real estate market. Convert Portal Volume Change The above table shows the volume change on our Convert Portal by zone. This week our desk observed massive trading demand on AI and Fan Token zones. The impressive 374.5% volume increase in the AI zone is mainly due to the strong demand for Worldcoin ( $WLD ). The newly released OpenAI product Sora renewed the market's enthusiasm for Worldcoin, an iris biometric cryptocurrency project founded by Sam Altman, OpenAI's CEO.The trading volume in the Storage zone also doubled. The main drivers of increased demand are Arweave ($AR) and Filecoin ($FIL). Filecoin ($FIL), a peer-to-peer file storage network, announced on Sunday that it will collaborate with smart contract platform Solana (SOL) to develop decentralized blockchain storage solutions. The announcement caused Filecoin to rise from $5.8 to $7.4 in three days. Why trade OTC?   Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API.  To access manual price quotations, you may visit our Binance OTC platform (https://www.binance.com/en/OTC-Trading/spot), where you can RFQ (request-for-quote) and trade directly with our OTC trading team via a live chat. To utilise our Algo orders features, you may visit our BinanceAlgo Orders platform (https://www.binance.com/en/OTC-Trading/AlgoTrading).  For any other inquiries on OTC trading, please reach out to us via our email at trading@binance.com for our trading desk to get in touch with you and get started.  OTC trades may also be automatically quoted on Binance Convert and via API, offering users a quick and simple way to execute trades across 60,000+ pairs with one simple click. Binance Convert supports over 350 tokens listed on the exchange including fiat pairs. Begin trading from as little as 1 USD. To start, simply navigate to the Binance Convert & Block Trade platform (https://www.binance.com/en/convert), select the coins you wish to trade, preview and confirm the quote with settlement reflecting almost instantly in your wallet balance. For details and access to Binance Convert OTC API, please refer to our Convert Endpoints (https://binance-docs.github.io/apidocs/spot/en/#convert-endpoints) and reach out to us at trading@binance.com if you have any questions or require assistance. Visit Binance OTC (https://www.binance.com/en/otc) for more information on our OTC products and solutions.  Experience the main benefits of Binance Convert and OTC Trading:  Fast & Competitive Pricing Instant settlement Widest availability of coins Bespoke service with unique market insights Zero fees and slippage  Email: trading@binance.com  Join our Telegram (https://t.me/BinanceOTC) to stay up to date with the markets!

8 days ago
CaptainAltcoin
CaptainAltcoin
followers

In recent weeks, Ethereum (ETH) has decisively outperformed both Bitcoin and the broader crypto market. With key resistance levels now surpassed, swing traders have set sights on a run toward the psychological $3,500 mark. And some analysts believe ETH may lead a new altcoin bull market reminiscent of past cycles. Funding Metrics Position ETH for Breakout Veteran macrotrader Mac spots favorable conditions for Ethereum to extend its strong 2024 start.  With ETH looking to consolidate constructively above $3,000 support, Mac anticipates upside targets around $3,500 will come into play next. “ETH will likely outrun BTC this week,” said Mac. Entry Point for Ride to $3,500 Echoing the bullish outlook, analyst Credibull Crypto believes ETH buyers missed an optimal entry and a dip. With ETH trending back above $3,000 already, he now watches for a minor pullback to scoop up exposure for an eventual ride to $3,500. Credibull expects Bitcoin will follow Ethereum’s charge, bouncing from its own support to reach $60,000 next. With crypto’s market leaders aligned constructively, the tide should lift prices broadly across altcoins as well, in his view. Altcoin Breakout Mirrors 2016 and 2020 Analyzing altcoin positioning, analyst Moustache notes altcoins cleared multi-year downtrend resistance in their race. With that hurdle now serving as support, the same bullish pattern emerged in past bear market bottoms during 2016 and 2020. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Both occasions marked the start of historic altcoin runs – fueled by ETH leading the charge higher. Moustache contends altcoins now sit poised for similar surges after an extended crypto winter thaws.  Sentiment trends still require confirmation before conclusively calling a new bull market. But among crypto’s standout layer 1 blockchain leaders, Ethereum offers a clear barometer on when capital flows turn decisive to the upside. With so much ecosystem maturation occurring during the lean last few years, the utility base now waits in the wings if traders regain conviction. Ether’s resilience could prove the first domino in sequence – with its own historic boom then igniting altcoins broadly back into vogue. You may also be interested in: Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO) Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH appeared first on CaptainAltcoin.

8 days ago
CaptainAltcoin
CaptainAltcoin
followers

Among altcoins, Solana (SOL) has marked an early standout thus far, gaining over 314% year-to-date and outpacing both Bitcoin and Ethereum. With key technical levels now reclaimed, analysts have turned increasingly bullish on prospects for a run toward the next upside target at $125 in the coming weeks. SOL Price Recovers off $106 Double Bottom Solana’s recovery from multi-week lows around $106 has set up the price charts for additional upward movement, as swing trader Teshkid has highlighted. That selling pressure was consistently absorbed near $106 shows the level’s emerging importance as a key demand zone, indicating buyer conviction. With SOL rallying as high as $114 this week, Teshkid expects another test of the local top is due. A decisive break above $115 and $116 resistance would open the floodgates for unrestricted upside toward $120 in the near-term. On any pullbacks from current levels, watch for the $106 level to once again offer support. Only a breakdown below this area would compromise the bullish outlook. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Channel Breakout Targets $125 After 10% Rally Reinforcing the bullish technical setup, analysis by altFINS points to a high-probability uptrend underway. They confirmed a bullish rising channel breakout for SOL – with a measured move upside extension targeting the $125 mark. With positive momentum also gathering steam across different timeframe trend readings, the ingredients for that next leg look in place. Some minor red flags exist in overbought momentum signals (declining MACD histogram), but SOL has shrugged those aside many times in past ramp-ups. Solana, establishing a series of higher rally highs and higher retest lows, reconstructs the base pattern consistent with sustainable bull moves historically. Whether momentum accelerates beyond $125 toward altcoin season-type valuations depends greatly on Bitcoin’s stability. But among fellow layer-1 disrupters, SOL offers among the strongest fundamental cases to catalyze serious FOMO with any help from the macro backdrop. Its technicals may provide the first glimpse of what awaits. You may also be interested in: Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO) Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Solana Confirms Bullish Breakout: Analyst Forecasts Potential Upside Target for SOL Rally appeared first on CaptainAltcoin.

8 days ago
CaptainAltcoin
CaptainAltcoin
followers

XRP saw its price plunge over 70% amidst the fallout from the SEC’s ongoing lawsuit against Ripple Labs. However, signs of a potential trend reversal have emerged in recent weeks, with technical analysts identifying a textbook chart setup that could propel prices back toward critical resistance around $0.84. Bump and Run Formation Signals Bullish Breakout According to crypto trader taztrader, XRP’s price structure exhibits the early signs of a bullish bump and run reversal pattern. This setup entails an initial break above a key downtrend resistance, a retest of that broken trendline to confirm its new role as support, and finally a resumption upwards to target major overhead resistance. Taztrader stated, “XRP looks to be on the verge of breaking out to the upside with a Bump and Run type chart.” With XRP rallying from its 2023 lows to clear its former bearish trendline, taztrader believes the next leg toward horizontal resistance around $0.84 has likely already begun. Given the historically volatile price action associated with the Ripple token, he expects an accelerated move could materialize quickly. Bolstering the bull case, taztrader also highlights constructive technical developments on key ratio charts – namely outperformance emerging against both Bitcoin and Ethereum. With altcoins showing tentative signs of bouncing, rotations into left-behind tokens like XRP may soon pick up pace. Sharing a timeline, Taz mentioned that the move to $0.84 could happen in the next 3–4 weeks. Decisive Break Above $0.55 Validates Uptrend Offering an additional layer of insight, altFINS points to a decisive break above the psychologically-key $0.55 mark that capped the XRP price. With this level now surpassed, improved technicals reflect increasing upside conviction. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Namely, altFINS’ automated pattern recognition identifies a bullish breakout from the boundaries of a downtrend channel that can precipitate swift moves upwards. Initial upside potential of $0.68 translates to 24% prospective gains from breakout confirmation. While the long-term downtrend remains intact for now, the door appears open for XRP to surge. For embattled XRP investors, the glimpses of renewal on the price charts provide vital relief. Still, the specter of SEC regulation continues to limit significant institutional adoption. Once legal uncertainties get resolved, the shackles may unlock for Ripple to regain its former luster. You may also be interested in: Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO) Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Ripple (XRP) on the ‘Verge of a Bump and Run Type Chart Breakout’: Analyst Shares Next Target And Timeline appeared first on CaptainAltcoin.

9 days ago
Remotecrypto
Remotecrypto
followers

Altcoins Watchlist: Market Expert Predicts Explosive Gains for ETH, BLUR, MATIC, and More! Calling all crypto enthusiasts! Are you looking for altcoins with the potential for explosive gains in 2024? Look no further, as a leading market expert has compiled a watchlist featuring promising projects poised for significant growth. Buckle up, because we're diving into the world of Ethereum, AI tokens, and more! Headlining the list is Ethereum (ETH), the undisputed king of altcoins. With the highly anticipated Ethereum 2.0 upgrade still unfolding, its scalability and utility are expected to skyrocket, driving demand and potentially pushing prices even higher. Joining the ranks is BLUR, a recently launched NFT marketplace built on Ethereum. Its innovative features, including zero-fee trading and blur auctions, have garnered significant attention, attracting both creators and collectors. This early adopter momentum could translate into substantial price appreciation. Polygon (MATIC), a popular scaling solution for Ethereum, also finds its place on the watchlist. Its fast and cheap transactions have attracted numerous decentralized applications (dApps) to its network, fueling MATIC's growth potential. Beyond these giants, the expert highlights several AI-focused tokens: Fetch.ai (FET): Building a decentralized machine learning network. Ocean Protocol (OCEAN): Facilitating data sharing and monetization between AI developers. SingularityNET (AGI): Aiming to create and democratize access to artificial general intelligence (AGI). The rise of AI could significantly impact various industries, and these tokens position themselves at the forefront of this revolution. While inherently more volatile, their potential rewards are equally high. Important Disclaimer: This information is not financial advice, and you should always conduct your own research before making any investment decisions. The cryptocurrency market is inherently risky, and past performance is not indicative of future results. #Write2Earn #ETH #GRT #FIL

9 days ago
CaptainAltcoin
CaptainAltcoin
followers

Filecoin’s native token FIL has seen a remarkable rally over the past week, surging 40% to trade around $7.7. This comes after a prolonged bear market that saw FIL plunge from its all-time high of $191 in early 2021. According to popular crypto analyst Ali, Filecoin is trading within a parallel channel on its 3-day chart. He notes that if FIL can break through the key resistance at $8.50, it could start a major upside move. Specifically, Ali sees Filecoin potentially tripling in value to reach $25.5 if it can close above $8.50. Ali’s analysis suggests significant upside potential for Filecoin based on the parallel channel patterns on its technical chart, as seen on the chart above. As he highlights, FIL appears poised to break out from its current channel after bouncing off support. The upside target Ali identifies sits at $25.5 – the top boundary of the parallel channel located just above FIL’s trading range. On the 3-day chart, we can clearly see Filecoin consolidating within the lower parallel channel over the past few months. Now, with FIL pushing against stiff resistance at $8.50, Ali makes the case that a decisive break above this level could propel it towards the next channel at $25.5 – representing over a 200% rally from current levels. With buying momentum accelerating, traders seem to be anticipating this technical breakout fueling a new Filecoin bull run. The bullish technical setup is supported by positive momentum indicators. The MACD line is above the signal line and the RSI is above 55, suggesting buying momentum is accelerating. In terms of support and resistance zones, FIL has support around $5.00 and $4.20. On the upside, the first major resistance level sits at $8.00. Driving recent buying interest is Filecoin’s integration with Solana, which was announced by popular crypto influencer Altcoin Daily to his 1.5 million followers on X. By leveraging Filecoin’s decentralized storage capabilities, Solana can scale while maintaining security and decentralization. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – As Filecoin tweeted, “Solana is utilizing Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone needing historical access.” This integration with the high-growth Solana ecosystem can significantly expand Filecoin’s use cases and adoption. With bullish technicals, strong fundamentals, and increasing developer activity, Filecoin seems poised for further upside. The key $8.50 resistance poses the next test – a decisive break above which could see FIL enter a new bull market. You may also be interested in: Top Analyst Says Bitcoin (BTC) at $30k is Now ‘Less Likely’ – But There’s a Catch Can Surging Shibarium Activity Push Shiba Inu ($SHIB) Price Past Crucial Barrier? 40x Seemingly Possible as ‘Under-Valued’ Kelexo (KLXO) Lending Phenomenon Secures More Solana (SOL) & Bitcoin Cash (BCH) Investment Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth appeared first on CaptainAltcoin.

9 days ago
CaptainAltcoin
CaptainAltcoin
followers

Over the past few weeks, Bitcoin (BTC) has seen bullish momentum return following an extended period of rangebound price action. Analyst interpretations of key technical levels suggest further upside remains likely in the coming months as the next halving approaches. Key Resistance Break Hints at History Repeating Per analyst MilkyBull Crypto, Bitcoin recently closed above a critical cyclical resistance level for the first time prior to a halving event. Notably, similar resistance breaks in 2016 and 2020 preceded major bull runs over the following year. After 63 and 49 days, respectively, of those breakouts, new all-time highs were reached. If historical patterns repeat, MilkyBull expects Bitcoin to once again print fresh highs by April 2024. Other experts share the view that previous market cycles provide a roadmap for where BTC heads next. Overbought Conditions Usually Mark Start of Epic Bull Runs According to analytics shared by trader Jelle, Bitcoin’s weekly relative strength index (RSI) now sits above 70. As he notes, such overbought readings marked the early stages of crypto’s most lucrative bull markets historically. If those precedents hold, significant additional upside could just be getting started. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Popular analyst Michaël van de Poppe concurs on Bitcoin’s positive momentum. However, he believes a brief pullback may hit in the near-term before BTC pushes toward $54-58K. Upon reaching those interim target levels, de Poppe expects the current pre-halving run to conclude. New All-Time High Likely by May per Historical Tendencies Veteran analyst Kevin Cage highlights Bitcoin decisively moving past the 50% retracement of its recent bear market. On the three previous major Bitcoin cycles, closing a full weekly candle above this level kicked off the final leg higher to new all-time price highs. During those historic occasions, fresh highs emerged over stretches of 28–98 days post-breakout. Applying this range to the current market environment, Cage assesses a likely timeframe of March 18th to May 27th, 2024, for Bitcoin’s next record peak. With blockchain activity, institutional adoption, and developer sentiment remaining strong, most experts agree Bitcoin’s long-term outlook looks bright. If key upside triggers like the impending halving play out similarly to past cycles, renewed exuberance around crypto may lift Bitcoin and the broader digital asset market back toward record valuations by mid-2024. Still, unforeseen regulatory pressure or macroeconomic instability leading into the U.S. presidential election could weigh on investor appetite. But for long-term focused bulls, recent price action provides another validation point for Bitcoin’s status as digital gold. You may also be interested in: Top Analyst Says Bitcoin (BTC) at $30k is Now ‘Less Likely’ – But There’s a Catch Can Surging Shibarium Activity Push Shiba Inu ($SHIB) Price Past Crucial Barrier? 40x Seemingly Possible as ‘Under-Valued’ Kelexo (KLXO) Lending Phenomenon Secures More Solana (SOL) & Bitcoin Cash (BCH) Investment Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Analyst Shares Time Frame When Bitcoin Should Create An All-Time High, Highlights When BTC Pre-Halving Rally Will End appeared first on CaptainAltcoin.

9 days ago

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