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Crypto Fever
Crypto Fever
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🚨🚨 Bitcoin Analysis 🚨🚨 📍Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. 📊I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th wave of an impulse wave. What usually follows is an ABC correction or a WXYXZ complex correction. On the chart, you can see my levels, which you can use as support or resistance (profit target or entry point). These levels are very strong, and the market should react to them. 📍Usually Bitcoin loves to bounce from 0.382 or 0.618 Fibonacci levels, and I think the bottom will be at 0.618 FIB. 📊Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. #Write2Earn #TrendingTopic #BTC

3 days ago
Cointelegraph
Cointelegraph
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Bitcoin (BTC) saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment.  BTC/USD 1-day chart. Source: TradingView Bitcoin ETFs bounce back from day of outflows Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around $51,000. Bulls remained caught in a narrow trading zone, in place for more than a week, as concerns surfaced over inflows to the spot Bitcoin exchange-traded funds (ETFs). These slowed considerably in recent days, with Feb. 21 even seeing a net outflow of some $36 million, per data uploaded to X (formerly Twitter) by sources including BitMEX Research. Same data in BTC terms.694 BTC net outflow on 21 Feb 2024 pic.twitter.com/mpqoo44VA2 — BitMEX Research (@BitMEXResearch) February 22, 2024 Feb. 22 saw stronger activity — net inflows of just over a quarter of a million dollars, even accounting for outflows from the Grayscale Bitcoin Trust (GBTC). “Normality resumed a $251M inflow into the Bitcoin ETFs,” James Van Straten, research and data analyst at crypto insights firm CryptoSlate, responded. Continuing on the pace of buying from the ETF operators, Thomas Fahrer, CEO of crypto-focused reviews portal Apollo, predicted that the largest of them, BlackRock’s iShares Bitcoin ETF (IBIT), would in future change BTC supply dynamics. “98% of all the #Bitcoin in existence already costs >100K if you tried to buy it,” he argued alongside a chart of IBIT holdings. “Remember that the current price is just the marginal trade. Blackrock is going to test this theory, so we'll find out soon enough.” Spot Bitcoin ETF holdings (screenshot). Source: Apollo As of Feb. 23, IBIT held 124,535 BTC ($6.35 billion), per data from Apollo’s own ETF tracker. BTC price nears "trend inflection point" Focusing on low-timeframe BTC price analysis, meanwhile, popular trader Skew captured the mood among seasoned market observers. Related: Bitcoin pre-halving ‘pullback’ calls for $45K BTC price support retest The uptrend, he concluded, remained intact, but important support levels were now coming back into play. These were the 88-period and 100-period exponential moving averages (EMAs) on the 4-hour chart at $50,017 and $49,654, respectively, along with the 18-period EMA on the daily chart at $49,645. “Currently price trades around range low & 4H 55EMA which typically is a near term trend inflection point, meaning momentum picks up soon,” part of his latest X analysis read. “Buyers & Sellers likely to fight here for control.” BTC/USD 4-hour chart with EMA data. Source: TradingView This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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

3 days ago
Crypto Family - RkY Sri Lanka
Crypto Family - RkY Sri Lanka
followers

Bitcoin Quick Update Today| #46th Update Good Morning, traders I trust you've been profitable by staying updated on our previous analyses. you'll know the market conditions and movements. so don't forget to click follow button ✅ Now BTC showing a bearish momentum according to 4h chart & 1h chart. Bitcoin is currently trading at $51200 I've included charts for 1D, 1W, 1M, and 4H timeframes below for reference. 👉 From my analysis, a correction to around 50300 or even as low as 50000 seems probable in the coming days. If the support at 50000 holds, we may see another pump with targets at 52000 and potentially $53000. 👉 Failing to maintain the 50000 support could lead to further downside, with targets at 49600, 49500, 49300, and 48500. 👉 Notably, there's a significant amount of liquidation orders at $50000, totaling 474.84M, while the $53125 area holds 533.54M in liquidation orders. 📍LONG liquidation at 50000$ 📍SHORT Liquidation at 53000$ 👉 Whales are actively involved in both sides stoploss hunt, so first hunt down side then up side usually, making the 50000 area a key level to watch. but this time Think Whale play different from we think because halving period loading nearly ... so 53500$ possible. 👉 BTC recently broke out of a Symmetrical Triangle on the 4-hour timeframe. The current trading action suggests a potential dump followed by a retest of the trendline. A successful retest could propel the price towards 49000 and even $50000. According to the 4-hourly chart. 4h Chart 📍- Resistance: $51500 🟢- Support: $50600 According to the 1-hourly chart. 1h Chart 📍- Resistance: $51500 🟢- Support: $50750 Considering the retest, there are two scenarios: 1. A successful retest could lead to a rally towards $53500. 2. However, if the retest fails, we might see a decline towards $49000 - $47500. Even if 20,000 people seeing this post, only 1% will follow & like this post because they want to learn for earn. I hope you're one of them. I don't know why 99% are not following me 😃. like this post for more TA.

3 days ago
Coinpedia
Coinpedia
followers

The post Bitcoin Halving Sparks Bullish Sentiment as Analysts Predict BTC Price Surge to $273,000 appeared first on Coinpedia Fintech News Bitcoin is set to undergo its Fourth halving, a phenomenon that has historically been associated with significant price rallies. Meanwhile, some analysts are now predicting that the world’s leading cryptocurrency could skyrocket to an impressive $273,000, citing a robust demand-supply ratio and historical market trends. Daily Investments Inflow vs. New Bitcoin  In a recent tweet post, crypto analyst Willy Woo shared some important information about Bitcoin. He mentioned that every day, around $607 million in new investments is coming into the Bitcoin network.  The #Bitcoin network is receiving an average of $607m per day of new investor demand** while this is being met by $46m per day of new supply in the form of new coins being mined. We are now 60 days away from seeing new supply being halved. pic.twitter.com/oZGkrXeFt0 — Willy Woo (@woonomic) February 23, 2024 On the flip side, only about $46 million in new Bitcoin is being created each day through mining. What makes this interesting is that we’re approaching a moment when the creation of new Bitcoin will be cut in half.  According to his analysis, this supply reduction is just 60 days away, signifying a potential turning point for the leading cryptocurrency.  However, to calculate new demand, Woo employs the change in the realized cap, a metric that reflects the cumulative price investors paid for their Bitcoin holdings. However, it’s important to know that this method might not capture all the buying and selling happening off the main Bitcoin network. MacronautBTC Arithmetic Calculation In response to Woo’s data on daily demand and new supply, MacronautBTC performed arithmetic, where the daily demand for Bitcoin, estimated at $607 million, exceeds the daily new supply by $23 million. Further, by deducting the daily new supply from the daily demand, we get a notable $584 million daily demand.  Hows my arithmetic:Assume from halving:$607M daily demand minus $23M daily new supply =$584M daily demand * 250 trading days in a year = $1.46T new ADD'L mkt cap.~every 1T in market cap is $50k in $BTC price, right? So that would be a new #bitcoin price of $123k.(cont'd) — MacronautBTC (@Macronaut_) February 23, 2024 When projected over 250 trading days, this translates to a substantial additional market capitalization of $1.46 trillion. According to MacronautBTC’s calculations, every $1 trillion increase in market capitalization corresponds to a $50,000 surge in Bitcoin’s price. Using this metric, the expected additional market capitalization of $1.46 trillion could potentially drive Bitcoin’s price to reach $123,000. Bitcoin at $273,000! Further taking a cautious approach, MacronautBTC adopts a “multiplier” method, in line with fellow analyst Willy Woo. This method suggests a potential threefold increase in Bitcoin’s value relative to the USD inflow.  By combining this multiplier with the projected additional market capitalization, MacronautBTC envisions an overall market capitalization of $5.38 trillion within a year, leading to a Bitcoin price surge to $273,000. While projections in the crypto market are speculative and contingent on various factors, MacronautBTC’s response underscores the positive sentiment surrounding Bitcoin, especially as the halving event approaches.

3 days ago
CRYPTO PLAYERS
CRYPTO PLAYERS
followers

$BTC 4hr Chart Update today !! 1st scenerio⚡ on 4hr chart $BTC price create now inverse cup and handle shape ( that indicate price will drop from this level) 2nd scenerio ⚡ in 2nd scnerio $BTC price broke its symetrical triangle trendline and succefully retest it ( that indicates now that in comming days btc price will dump ) 3rd scenerio ⚡ in 3rd scenerion #BTC‬ trading now in a range ( 52500$-50600$ ) area from last 10 days... so if its hold 50600$ support area again then again pullback expected in its price. personal openion ⚡ according to me i am expecting now correction in #btc price for comming days📉 support area for bitcoin near me is 49000$ and 47000$ area. Follow us for more free analysis🙂 #Write2Earn #TrendingTopic #Bitcoin‬

3 days ago
CoinsRadar_Net_币市雷达
CoinsRadar_Net_币市雷达
followers

A quick look at the popular currency circles in 3 hours (from CoinsRadar.net): Big news! The former currency circle boss will be sentenced! Is virtual currency just a dream after all? Sam Bankman-Fried (SBF) (Bankman-Fried), the founder of the cryptocurrency exchange FTX, a former currency tycoon and a global billionaire, may face 110 years in prison. Live the rest of your life. According to media reports, on the evening of November 2, local time, the jury found FTX guilty of seven charges including wire transfer fraud, conspiracy to commit fraud, and conspiracy to commit money laundering. SBF was ultimately convicted on all charges. Bankman Fried is a 30-year-old young man with an amiable appearance, often called SBF in the circle. In March 2022, his net worth reached nearly 190 billion yuan, and he was called the "genius richest man" in the industry. However, in November last year, FTX, the once leading cryptocurrency exchange, went bankrupt and declared bankruptcy. The book wealth of this legendary tycoon in the currency circle also dropped to zero. Later, Bankman Fried was extradited to the United States to face criminal charges filed against him by the U.S. judicial department and stand trial. But following his collapse, there were countless virtual currency players who liquidated their positions! Virtual currency has become a street rat! 1. The mainstream virtual currencies currently on the market are all in the hands of Western wild capitalists and are not endorsed or protected by any official bank! It rose and fell sharply within 24 hours. . If you don’t believe me, take a look at the picture below: None of these mainstream virtual currencies are issued by the state. They are all published by individual programmers themselves. Skyrocketing prices! There is no pattern at all! For example, Musk said, "Dogecoin is the people's currency." In an instant, Dogecoin skyrocketed. Obviously, those Western capitalists who have mastered a large number of virtual currencies. You can control the "trading volume" at will! To control the rise or fall of "price"! What they want to make is naturally to cut leeks from retail investors around the world. Fundamentally speaking, virtual currency is a Ponzi scheme, which is essentially just a sharp knife for "cutting leeks". So far, no central bank is willing to endorse virtual currencies! In the final analysis, for any country, its own monetary sovereignty is the top priority! No ordinary person can challenge the monetary sovereignty of his or her country!Not to mention the United States, which is the country least likely to support and endorse virtual currencies! If the United States gives a platform to Bitcoin, it will be equivalent to giving up the transcendent status of the US dollar. In the future, other countries will engage in global trade and business. They all switched to using virtual currency for settlement, bypassing the U.S. dollar. In the final analysis, virtual currency has no national credit endorsement and no legal protection. It can only be an anarchic carnival and wealth illusion. In other words, sooner or later it will be completely shattered and become worthless.

3 days ago
Crypto Entrepreneur
Crypto Entrepreneur
followers

How Can You Turn 500$ into 5000$ in Just One month 🤷‍♂️🤷‍♂️ Turning $500 into $5000 in just one month is an ambitious goal, but it's essential to approach it with caution. Remember that all investments come with risks, and there are no guaranteed methods to achieve such rapid returns. However, here are some strategies you might consider: 1. Day Trading: Day trading involves buying and selling financial instruments (like stocks, cryptocurrencies, or futures) within the same trading day. While it can be highly speculative and risky, skilled traders with a solid understanding of technical analysis might find success. 2. Investing in the Stock Market*: Consider investing in individual stocks, mutual funds, or exchange-traded funds (ETFs). The stock market can provide long-term growth, but it also carries risks due to market volatility. 3. Online Marketplaces: Explore platforms like LendingClub or peer-to-peer lending platforms. These connect borrowers and lenders, allowing you to invest in personal loans or small business loans. Be aware of the risk of borrower default. 4. Real Estate: Real estate investment can offer steady income and long-term growth. You can buy a rental property or invest in a real estate investment trust (REIT). Both options have risks and require thorough research. 5. Online Business Ventures: Consider affiliate marketing, dropshipping, or creating a YouTube channel. These methods can generate income over time but require effort and consistency. Remember, there are no shortcuts to wealth, and any investment involves risk. Always do your due diligence, seek professional advice, and invest only what you can afford to lose¹²³.. #Write2Earn #WLD #ETH #BTC #TrendingTopic

3 days ago
CryptoGuider
CryptoGuider
followers

🎉🎉🎉🥳🥳🥳🥳🥳🎉🎉🎉🎉🎉🎉🎉🎉 💵💵💵Give some time to these profitable business 💵💵💵💵 How Can You Turn 500$ into 5000$ in Just One month 🤷‍♂️🤷‍♂️ Turning $500 into $5000 in just one month is an ambitious goal, but it's essential to approach it with caution. Remember that all investments come with risks, and there are no guaranteed methods to achieve such rapid returns. However, here are some strategies you might consider: 1. Day Trading: Day trading involves buying and selling financial instruments (like stocks, cryptocurrencies, or futures) within the same trading day. While it can be highly speculative and risky, skilled traders with a solid understanding of technical analysis might find success. 2. Investing in the Stock Market*: Consider investing in individual stocks, mutual funds, or exchange-traded funds (ETFs). The stock market can provide long-term growth, but it also carries risks due to market volatility. 3. Online Marketplaces: Explore platforms like LendingClub or peer-to-peer lending platforms. These connect borrowers and lenders, allowing you to invest in personal loans or small business loans. Be aware of the risk of borrower default. 4. Real Estate: Real estate investment can offer steady income and long-term growth. You can buy a rental property or invest in a real estate investment trust (REIT). Both options have risks and require thorough research. 5. Online Business Ventures: Consider affiliate marketing, dropshipping, or creating a YouTube channel. These methods can generate income over time but require effort and consistency. Remember, there are no shortcuts to wealth, and any investment involves risk. Always do your due diligence, seek professional advice, and invest only what you can afford to lose¹²³.. #Write2Earn #TrendingTopic #TradeNTell #BTC #Rewards

3 days ago
HARAR THE LIVING MUSEUM
HARAR THE LIVING MUSEUM
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Asallamu Aleykum All Muslim Brother and sister Happy Juma JUMA MUBAREK FOR ALL MUSLIM HOW TO MAKE 100$ DAILY FROM BINANCE????📢🎉🤔⁉️ ATTENTION 📢 here's a breakdown of a potential strategy to aim for making $100 a day through crypto trading on Binance: 📢THE STRATEGY: 1. Research and Identify Volatile Pairs: Focus on trading pairs that frequently experience daily fluctuations of 10-20%. 2. Daily Investment: Consider investing an amount you're comfortable with. For example, let's say you invest $1000 in a chosen pair. 3. Track Daily Movement: If your selected pair rises by 10%, that would mean a $100 gain for that day. 4. Repeat the Process: The goal is to aim for this 10% gain consistently across different trading days. 5. Rinse and Repeat: By repeating this strategy daily, the aim is to consistently achieve $100 profits per day. However, it's important to note a few things: Market Volatility: Cryptocurrency markets are highly volatile and unpredictable. Even though some pairs might have shown trends, there's no guarantee they will perform similarly in the future. Risk Management: Trading involves risks. It's crucial to only invest what you can afford to lose and consider setting stop-loss orders to limit potential losses. Research and Education: Continuously educate yourself about the market trends, news, and technical analysis to make informed decisions. No Guarantees: There's no foolproof strategy in trading. Always be cautious, and don't invest solely based on past performance. This strategy seems straightforward, but it requires diligence, patience, and a thorough understanding of the market. Additionally, it's important to diversify and not put all your funds into a single pair to manage risk. Remember, success in trading cryptocurrencies comes with significant risks, and it's crucial to approach it with careful consideration and a risk management strategy in place. Your tip helps to use better tools to make better research and find the best and safest investments for all ecosystems. Share some love in the Tip button 👇

3 days ago
Hamza Traders
Hamza Traders
followers

How Can You Turn 500$ into 5000$ in Just One month 🤷‍♂️🤷‍♂️ Turning $500 into $5000 in just one month is an ambitious goal, but it's essential to approach it with caution. Remember that all investments come with risks, and there are no guaranteed methods to achieve such rapid returns. However, here are some strategies you might consider: 1. Day Trading: Day trading involves buying and selling financial instruments (like stocks, cryptocurrencies, or futures) within the same trading day. While it can be highly speculative and risky, skilled traders with a solid understanding of technical analysis might find success. 2. Investing in the Stock Market*: Consider investing in individual stocks, mutual funds, or exchange-traded funds (ETFs). The stock market can provide long-term growth, but it also carries risks due to market volatility. 3. Online Marketplaces: Explore platforms like LendingClub or peer-to-peer lending platforms. These connect borrowers and lenders, allowing you to invest in personal loans or small business loans. Be aware of the risk of borrower default. 4. Real Estate: Real estate investment can offer steady income and long-term growth. You can buy a rental property or invest in a real estate investment trust (REIT). Both options have risks and require thorough research. 5. Online Business Ventures: Consider affiliate marketing, dropshipping, or creating a YouTube channel. These methods can generate income over time but require effort and consistency. Remember, there are no shortcuts to wealth, and any investment involves risk. Always do your due diligence, seek professional advice, and invest only what you can afford to lose¹²³.. #Tun

3 days ago
宇宙区块观
宇宙区块观
followers

Bitcoin and altcoins undergo market adjustment: potential extreme targets for SOL in the future The past 24 hours have not been smooth for altcoins, and the exit from the spot Bitcoin ETF reminds us that we won’t see multi-billion dollar accumulations every day. The expected price correction arrived without delay, with Bitcoin falling below $52,000. At the time of preparing this article, it is still hovering around $51,000, below key areas. The altcoin also saw considerable losses based on its support levels. Solana The price of SOL coin has been increasing since falling to $79 in January. Bitcoin's decline has also affected it, with the price falling back to the $100 level over the past 24 hours and now finding buyers at $104. Whenever Bitcoin has seen a rally, the popular altcoin has been very strong, supported by hype within the network. The $100 level has long been a key area for price correction. As long as the price remains above this resistance area, we should see the upside potential continue. The RSI on the weekly chart shows that the bull market still holds the upper hand. SOL coin has been trading within a symmetrical triangle since its peak on December 25, 2023, a neutral pattern that warns of an imminent breakout. Investors who were waiting on the sidelines finally seized the opportunity. SOL seems like the right choice to buy at around $100, and I think buy and hold is a good option for those considering buying for the long term. SOL coin is currently at a good level for those considering long-term buying. The price of SOL coin indicates that it is consolidating for another round of gains. The most likely count shows that SOL is on the third of five rising waves with a target of $145. While the wave count to new highs looks promising, a downward breakout from the symmetrical triangle could pull SOL coin price back to $69. This will be a potential extreme target for SOL coin in the coming weeks. #solana For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list!

3 days ago
海绵进化论
海绵进化论
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February 23: Bitcoin and Ethereum market analysis: today’s highlights Market review analysis: The current volume of the market trend is relatively accumulating. The big pie has been trying to stabilize at the 52,000 mark. The two synchronous pie also wants to stand firm at the 3,000 mark. The market has repeatedly tried to break through and stabilize, but According to the current daily level, it is impossible to hold on to these two key positions. Many people ask why the AI ​​sector is rising in the current market, while other sector currencies are not moving, and the copycats are performing very weakly. Many They all follow the rise by a small margin, but follow the decline by a large margin. We will give a detailed explanation in the live broadcast room tonight. At the end of the month, the big pie will still continue to hit the 52,000 point mark. Before the current time node is reached, it is possible that it will To stand firmly at 52,000 and to hit the important key point of 56,000, the two cakes will stand firm at 3,000 points simultaneously and try to break through 3,200 points and rush towards the important node position of 3,600. Today's highlights The current position of the pie on the four-hour level should focus on the range support position of 50000-50500. The upper resistance point should first focus on the resistance position of 52000-53000 range. The four-hour level will hit 52000 points again if it does not fall below 50500 today. At the first-line position, as long as the closing line is above 52,000 points on the four-hour level, the market will break through again and touch the previous high, that is, the first-line position of 53,000 points or even reach the 54,000-point first line. The main thing is to look at the closing line at the daily level. Can Zhou's weekly level closing line hold on to the 52,000-point defensive mark? The support point at the two-hour level focuses on the 2920 line at the four-hour level. The effective support point focuses on the 2860-2880 range. The current effective support position at the daily level is in the 2760-2800 range. This position is currently the effective support. For the position, just pay attention to the pin insertion. If you are doing contracts, please don’t worry. If you are doing spot trading, you can enter again once this position is reached. You don’t need to worry too much. The upper resistance point is focused on the 3000-3040 range, which was also yesterday. The high point position, after breaking through the new high, the resistance point to focus on is around 3160. The current short-term pass position is to pay attention to the defensive position at 3200 points. #ETH #BTC

3 days ago
Coinstages
Coinstages
followers

XRP has garnered significant attention in recent months. Following the recent crypto market resurgence caused by Bitcoin’s recent surge, many traders hold onto the hope that XRP will finally reclaim its past glories. However, despite these positive indicators, XRP has underperformed, falling 3.68% over the past 24 hours to $0.542. While the broader crypto market witnessed a surge, XRP is lagging. In 2024 alone, the digital token has even dipped by almost 14%. Many investors are still bullish despite the appalling performance, with one Bitcoin investor recently picking up $500,000 worth of XRP. Faced with this mixed bag of signals, We sought insights from PricePredictions, a platform utilizing AI-driven machine learning algorithms to forecast cryptocurrency prices. The analysis focused on XRP’s potential performance over the next 10 days. AI Hints at Short-Term Climb According to PricePredictions’ algorithms, XRP might finally inch upward in the coming days. The prediction model suggests an increase to $0.553549 by March 1, 2024. Furthermore, the AI anticipates this uptrend to continue into mid-March, with XRP potentially reaching $0.570682, representing a 5.29% increase within 30 days from its current price. However, a closer look at technical indicators based on XRP’s recent performance paints a contrasting picture. The token’s short-term outlook leans towards selling. It should be noted that Oscillators and moving averages predominantly signal a sell recommendation, particularly based on the last 24 hours of trading. This discrepancy between AI predictions and technical indicators underlines the uncertainties associated with cryptocurrency price movements. While AI algorithms analyze vast amounts of historical data and market trends, they cannot account for unforeseen events or sudden shifts in investor sentiment, both of which can significantly impact prices. Other factors could also impact XRP in the short term. The most significant of these is the ongoing legal battle between Ripple and the SEC. This lawsuit has hampered XRP’s price and adoption in the U.S. since it began in December 2020, and unforeseen outcomes could significantly affect XRP. Beyond the legal battle, broader market forces also play a crucial role. The overall health of the cryptocurrency market, particularly Bitcoin’s performance, can significantly impact XRP’s price movement. Ultimately, predicting XRP’s long-term price trajectory remains a challenging endeavor. However, a Ripple executive has revealed that the company prioritizes utility and adoption over short-term price movements, showing that the company has bigger plans for the digital asset. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #xrpbullish

3 days ago
CryptoNewsLand
CryptoNewsLand
followers

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

3 days ago
Thinking Crypto
Thinking Crypto
SignalPlus華語
SignalPlus華語
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As part of its gradual economic stimulus plan, China lowered its mortgage interest rates yesterday, with the 5-year loan market quotation rate reduced by 25 basis points to 3.95%. This is the first reduction since June last year and the largest decrease since 2019. However, , this move failed to boost investor sentiment, with the CSI 300 Index closing only up 0.2%, and bond yields failing to drop. The market still sees these measures as just a small step in solving a larger structural problem, with sluggish housing demand less a question of loan costs than a supply-demand imbalance and a bleak economic outlook. Despite lower-than-expected CPI in Japan and Canada and a dovish stance from the Bank of England Bailey (which does not require inflation to return to target before cutting interest rates), the supply of investment-grade corporate bonds of $50 billion is still leading to the U.S. Treasury yield curve. Go steeply. Meanwhile, Walmart reported that average consumer spending fell 0.3% even as transaction volume rose 4.3%, suggesting purchase amounts are falling and lending hope to the narrative of slowing inflation. On the equity market, the rolling correlation between bonds and stocks continued to weaken in February, with stock prices remaining near all-time highs and bonds taking a hit from the adjustment in rate cut expectations over the past six weeks (with rates higher for longer) . Interestingly, investors continue to pile heavily into money market funds, with U.S. money market funds recording another $128 billion in inflows since the start of the year

5 days ago
TheVRSoldier
TheVRSoldier
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Solana is trading above the $100 level, but has not yet reached its 2023 high and remains inside a neutral pattern. Let’s figure out which direction to expect a breakthrough in. Solana (SOL) price has been inside a neutral pattern since its 2023 high. Let’s try to figure out what kind of breakthrough should be expected – in the northern or southern direction. Solana consolidates above $100 The weekly timeframe shows that the price of SOL has risen after falling to a low of $79 in January. Over the past two weeks, it has formed two bullish weekly candles in a row and reached a high of $119. The token closed above the long-term $100 Fibonacci level, but failed to reach its 2023 high at $126. Instead, it formed a falling high. The weekly relative strength index (RSI) is giving mixed signals. Although the indicator is above the neutral 50 mark, it has also formed a bearish divergence that often precedes downside moves. SOL Forecast The daily timeframe cannot confirm the direction of the trend due to ambiguous price dynamics and wave analysis results. source: tradingview Solana is likely trading inside a symmetrical triangle constructed from the December 25, 2023 high. A symmetrical triangle is considered a neutral pattern, meaning the price can make either a bullish or bearish breakout from it. At the time of writing, Solana value is at $104.72. However, crypto trader Altcoin Sherpa believes that SOL is in a favorable position to enter the market: “Buying around $100 seems about right; The chart is still quite volatile. I think simply buy and hold #Solana will be the best strategy for most.” $SOL : Buying around $100 seems right; this is still a pretty choppy chart. I think that just buying and holding is going to be the best strategy for most people overall. #Solana pic.twitter.com/0bGFCwXZYv — Altcoin Sherpa (@AltcoinSherpa) February 20, 2024 Solana: When to Expect a Bullish Breakout? According to the VR Soldier experts, the wave analysis suggests that the price is consolidating in anticipation of a new bullish move. Most likely, SOL is in the fourth wave of a five-wave upward movement. It is possible that the fourth wave took the form of a symmetrical triangle. If this calculation is correct, the currency will continue to consolidate in the triangle and then make a bullish breakout from it. In this case, the price could rise by almost 40% to the next resistance at $145. Despite this bullish outlook, a bearish breakout from the triangle would mean that a local top has already been reached and SOL could fall 35% to the 0.5 Fib retracement support level at $69. The post Solana Above the $100 Mark: Will SOL Break the Records first appeared on The VR Soldier.

3 days ago
Crypto Ahmet
Crypto Ahmet
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🔥💥Shiba Inu: How High Can SHIB Rise in March? Shiba Inu (SHIB) attracted the attention of investors while experiencing the usual fluctuations in the cryptocurrency market. The value of #SHIB at the moment is $ 0.000009576, reflecting a small decline of 2.28% over the past 24 hours, while stakeholders are closely following its course for the coming month. Community Initiatives and Sunday Dynamics The Shiba Inu community is actively engaged in burning a significant amount of SHIB tokens. This strategic move could ignite an upswing based on the basic economic principle of supply and demand. Moreover, recent developments within the Shiba Inu community have contributed to the market dynamics of the token, strengthening the expectation of a potential increase in the price of SHIB. Despite this optimism, concerns have emerged about the recent downward trend in the price of Shiba Inu, which has caused unease among investors by pointing to a possible Deceleration trend in the near term. Predictive Analysis Cryptocurrency experts who are looking forward to March 2024 are providing information about the expected price movements of SHIB. Analysis from Changelly suggests the probability that the value of the SHIB will fall to zero during the month. The predicted trading ranges December range from a minimum of $ 0.00000842 to a maximum of $0.0000107 Dec. Experts suggest that on average, the value of Shiba Inu can stabilize around $ 0.00000956 Investment Considerations March Sunday is emerging as a critical Deceleration for SHIB as investors await potential price fluctuations amid ongoing community-focused initiatives and broader market dynamics. While the forecasts point to both possible gains and losses, the course of #Shibainu in the coming weeks remains unclear. As always, investors are asked to do thorough research and apply prudent risk management practices when dealing with digital assets such as SHIB. #Write2Earn #binance #TrendingTopic

3 days ago
Crypto Ahmet
Crypto Ahmet
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🔥💥Dogecoin: How High Could DOGE Rise in March 2024? #Dogecoin (DOGE) backers and investors are closely observing the asset's behavior as March 2024 progresses. DOGE is currently having difficulty maintaining its position above the $0.08 level after a 10% drop on February 21, and encourages market participants to closely analyze its course in the coming weeks. Despite this recent Deceleration, data from on-chain sources show that large-scale investors, popularly known as "whales", continue to accumulate significant amounts of DOGE, showing an unshakeable belief in the long-term viability of the coin, despite short-term fluctuations. . Currently, DOGE is trading at $ 0.08516, indicating a modest increase of 1% in its daily value. Predicting the Trajectory of Dogecoin Changelly's technical analysis provides information about the expected course of Dogecoin prices throughout 2024. According to their estimates, the expected lower limit of the Dogecoin value is estimated to be $0.0719. But the upper limit could potentially reach $0.0807. The average transaction price is estimated to be around $0.0896. This offers a glimpse of the DOGE's potential price December in the coming months. March 2024 Forecasts Cryptocurrency experts are preparing to announce their forecasts specific to Dogecoin's price movements in March 2024. Initial assessments indicate that the minimum expected transaction value for DOGE during this period may fall to around $ 0.0742, while there is a possibility of reaching a maximum of $ 0.0847. Analysts on average predict that the value of Dogecoin will stabilize at about $ 0.0794 during the month of March. Managing Market Volatility Although these forecasts provide valuable information for investors, it is imperative to approach them carefully due to the inherent volatility of the cryptocurrency market. The valuation of #DOGE can be influenced by a large number of factors, including market sentiment, regulatory changes and broader economic indicators. #Write2Earn #binance #elonMusk

3 days ago

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