Generating

551+ related results were found.   
Subscribe Query
Cryptoglobe
Cryptoglobe
Kralow's $1 Million Gamble: Betting Against Bitcoin in Epic Challenge
12 days ago
CryptoNewsLand
CryptoNewsLand
followers

Skepticism surrounds the likelihood of a significant Bitcoin correction pre-halving. Expectations set on Bitcoin’s price climbing further in the 60 days leading to the halving. Anticipated correction post-halving could pave the way for a robust climb to new ATHs. As Bitcoin inches closer to its much-anticipated halving event, set to occur in just 60 days, the crypto community is abuzz with speculation regarding the market’s direction. While some voices call for a significant correction, the prevailing sentiment suggests that the run-up to the halving will be characterized by further price appreciation rather than a downturn. People call for a big correction now?Its only 60 days before halving, you expect to see a big correction? Take your bets, my bet is we will see more upside now, and correction after halving in 60 daysAfter correction full speed up to ATH — Doctor Profit (@DrProfitCrypto) February 21, 2024 The logic behind the skepticism of a pre-halving correction is grounded in historical patterns and the unique market dynamics surrounding halving events. Bitcoin’s halving, which reduces the reward for mining new blocks by half, has traditionally been a catalyst for bullish market activity. This anticipation of reduced supply coupled with steady or increasing demand tends to push prices higher. Betting against a major correction in the lead-up to the halving, many in the community, including seasoned investors and analysts, foresee a period of sustained upward momentum. This optimism is not unfounded, as previous halvings have demonstrated similar trends, with the real corrective phases occurring only after the event itself, once the initial excitement has tapered off. Following the expected post-halving correction, the market is anticipated to shift gears and accelerate towards new all-time highs (ATHs). This projection is based on the premise that the halving will have instilled a renewed confidence in Bitcoin’s scarcity and value proposition, laying the foundation for robust long-term growth. In conclusion, the 60 days leading up to Bitcoin’s halving are viewed by many as a window of opportunity for significant gains, with the potential for a correction seen as more likely to occur after the halving event. This strategic perspective encourages a bullish outlook for Bitcoin in the near term, followed by a healthy market correction that could ultimately set the stage for an aggressive push to new ATHs. As always, investors are reminded to approach the market with caution and to consider the inherent volatility and risks associated with cryptocurrency investments. Recommended News : Bitcoin’s Predictable Dance: BMSB Dip and SPX Decline in Pre-Halving Year Bitcoin Hashrate Reaches New ATH, Resembles 2020 Pre-Halving Surge How To Spot the 5 Phases of the Bitcoin Halving Cycle Bitcoin Halving: Why Bitcoin Halving Matters Bitcoin Halving Nears: 94% Progress Made The post Pre-Halving Surge Expected: Betting on Bitcoin’s Rise appeared first on Crypto News Land.

7 days ago
Crypto PM
Crypto PM
followers
  • A whale has borrowed 130 Wrapped Bitcoin (WBTC) worth $6.73 million from Aave and exchanged it for 2,323 Ether (ETH). - The anonymous whale has been consistently betting on the ETH/BTC pair to rise since the launch of the spot Bitcoin exchange-traded fund (ETF) on January 10th. - Over this period, the whale has borrowed a total of 1,731 WBTC (around $82.65 million) from Aave and exchanged them for 31,416 ETH, each at a price of 0.055 BTC. #Whale.Alert #ETF
9 days ago
CoinDesk
CoinDesk
followers

Nvidia's fourth-quarter earnings could trigger a broader correction for equities and crypto if it fails to live up to the hype. AI-related tokens such as OCEAN and FET may also trade off Nvidia's earnings and outlook for the sector. The bitcoin {{BTC}} and the broader crypto rally could come to a halt if Nvidia's {{NVDA}} fourth quarter earnings fail to live up to the lofty Wall Street expectations, Singapore-based QCP Capital said in a recent note. "A key event today that could trigger a wider correction is Nvidia earnings which will be released after the US close," QCP wrote in a note. "As a major part of the S&P500 Index, Nvidia's performance could set the tone for US equities in the near-term." Nvidia, the GPU giant that designs chips necessary for the AI revolution, is set to report its earnings on Wednesday after the market closes in the U.S. The chip-maker's stock is up nearly 220% over the last year. The market will be sharply focusing on the potential for the stock to sustain the face-melting rally. In fact, the rally has been so hot that Goldman even called it "the most important stock on planet earth" as options traders are betting on a move in either direction of 11%. "Nvidia is currently trading at 90x P/E and Q4 earnings expectations have been adjusted higher recently," QCP said. For comparison, Amazon.com (AMZN) currently trades at 52.4x and Tesla (TSLA) at 57.7x price-to-earning (P/E) ratio, according to FactSet data. With such a high valuation, the margin of error is very slim. "At these valuation multiples and high expectations on earnings, any disappointment could see a sell-off. That would certainly put a drag on U.S. equities and crypto prices as well," QCP continued. Another crypto sub-sector that could see a volatile trading session from Nvidia's earnings is the artificial intelligence (AI) -related tokens such as Ocean Protocol’s OCEAN and Fetch.AI’s FET. Given the influence the chip maker has on the sentiment of the AI industry, crypto traders will be keeping an eye on assessing Nvidia's outlook on the sector and trade accordingly. Read more: AI Tokens Rally as OpenAI’s Sora Brings Renewed Hope to the Sector Analysts also stress how much of Nvidia's growth relies on the server industry at the core of the AI revolution. Data from IDC shows that the global PC market is facing short-term challenges, with 2023 shipment volume expected to decline by 13.8% after a 16.6% drop in 2022, marking two consecutive years of double-digit declines. However, IDC forecasts a rebound starting in 2024, driven by factors such as a commercial PC refresh cycle, AI integration, and recovery of the consumer installed base, leading to a projected growth of 3.4% in 2024 and a compound annual growth rate of 3.1% from 2023 through 2027. Meanwhile, Taiwan-based Digitimes Research recently wrote that the computing sector's growth will plateau due to saturated PC and notebook demand, but emerging data centers are key to the future of chip companies like Nvidia, boosting server shipments and HPC chip demand. Nvidia's stock is down 7% in the last week and is currently trading around $680. The majority of the Wall Street analysts have a buy rating on the stock with an average 12-month price target of around $751, according to FactSet data. Bitcoin is trading at $51,200, down 0.4% in the last 24 hours, according to CoinDesk Indicies data, while the CoinDesk 20 Index (CD20), which measures the performance of the largest 20 digital assets, is down 1.9%. Read more: Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

8 days ago
Cryptopolitan
Cryptopolitan
followers

Bitcoin traders are exhibiting a cautious stance by refraining from significant short positions, driven by the anticipation of continued price appreciation in the crypto market. Analysts observe this trend as traders opt to avoid betting against Bitcoin’s upward trajectory, expecting its value to surge further.  This cautious approach reflects a strategic shift in trading behavior, highlighting the prevailing sentiment of optimism and bullishness among market participants regarding Bitcoin’s future price movements. Bitcoin traders ditch short trades BTC’s price fell to a local low of $38,500 in January 2024 before rising above $50,000 for the first time in 27 months in February. Typically, a sudden increase in price like this would result in a substantial short squeeze. At the time of writing, Bitcoin (BTC) is worth $51,603.77, down 0.5% from an hour ago and 0.7% from yesterday. The value of BTC today is 3.9% greater than it was seven days ago. BTC has already hit the same level that supported it in November 2021, before a digital asset collapse that led to the 2022 bear market. Furthermore, BTC has grown by 130 percent in the last year and by more than 207 percent since its lows in November 2022. Bitcoin is currently trading barely 28.6 percent below its all-time high (ATH). As the market approaches the 2021 highs, the supply of BTC priced above the current year-to-date high is decreasing, signaling a tightening of available supply at these higher prices. However, the amount of the short squeeze observed so far this year is minimal when compared to the previous year. This pattern proposes two hypotheses. 1) Large investors, or ‘whales’, have abstained from taking fresh short positions, citing a likely price comeback, which is also reflected in supply inactivity for this cohort. Second, these investors chose to devote their resources to spot holdings instead. This strategy move reflects a shift in investor opinion and behavior, favoring direct investment in BTC over speculative short-selling. Is Bitcoin headed to the ultimate bull market? The Bitfinex Alpha report identified current market dynamics as a combination of tightening supply and rising demand. The report demonstrated how current bitcoin-holder dynamics could predict early bull-market situations. According to Glassnode data, the total volume of bitcoin long-term holder supply in loss approaches zero as the digital asset’s price rises. Currently, less than 6% of the aggregate long-term holder supply by individual entities are held at a loss. Historically, similar instances where the long-term holder cohort held a comparable volume of bitcoin in loss have been indicative of early bull market conditions. Bitfinex Alpha report In other news, Bitcoin soared to a new 2024 high of $53,019 on February 20 before quickly falling to $50,000 on several platforms. Traders are noting sustained spot BTC ETF inflows and the approaching supply halving event as primary factors driving the price rise, and BTC is currently trading above $51K. Bitcoin futures open interest (OI) has reached a new yearly high, matching levels last seen in 2021. This suggests increasing trading activity around the leading crypto by market cap. According to data from crypto futures trading and information platform Coinglass, the total OI for BTC futures reached $22.69 billion on Feb. 20, the highest since Nov. 11, 2021, and is approaching the previous top of $23 billion. Open interest reaching $22B, do you remember what happened last time at these levels?Study 12 Apr '21 and 8 Nov '21#Bitcoin pic.twitter.com/5KwE2LlJt8 — il Alejandro Of Crypto (@Alejandro_XBT) February 15, 2024 Open interest is a measure of the total value of all outstanding or “unsettled” Bitcoin futures contracts across exchanges, with rising values indicating higher market activity and trading enthusiasm toward the pioneer crypto. Investors’ sustained bullish mood appears to be fueled by increased inflows into spot BTC ETFs while outflows from gold ETFs accelerate. Bitcoin has eclipsed the $49,000 peak established following the US Securities and Exchange Commission’s approval of spot Bitcoin ETFs on January 10.

8 days ago
CryptoPotato
CryptoPotato
followers

Hovering a little below $52,000, Bitcoin is still down by approximately 25% since its all-time high of the previous bull run. The leading crypto asset, however, is seeing a tremendously improved sentiment among investors. In fact, Bitcoin holdings on Coinbase, which is a leading crypto exchange in the space and the largest in the US, have fallen to their lowest level since 2017. And whales are betting big on the asset. Whales Make Big Bets As per CryptoQuant analyst’s latest data, more than 18,000 BTC, valued at around $1 billion, were identified to have been removed from the platform by whales. After the withdrawal of such a significant stash of Bitcoin from Coinbase, the funds were distributed across several new wallets, with values ranging between $45 million and $171 million. Subsequently, Coinbase’s public order book now holds around 394,000 BTC, equivalent to a little over $20.5 billion. CryptoQuant founder Ki Young Ju further revealed that the funds were moved to multiple non-exchange addresses, likely custodial wallets. 18K $BTC moved from Coinbase to multiple non-exchange addresses, likely custodial wallets.https://t.co/QR5QYBnoez pic.twitter.com/s1b9tSx7qj — Ki Young Ju (@ki_young_ju) February 20, 2024 Accumulation Game Strong The demand for Bitcoin is evident as whales have engaged in the highest level of activity not seen in nearly two years. In 2024, large holders with 1,000 to 10,000 BTC in their wallets accumulated approximately $13 billion worth of the asset. Meanwhile, those with holdings ranging from 100 to 1,000 BTC shed their holdings by $7.89 billion. Independent from the impressive volume happening with #Bitcoin #ETF‘s, there has been a distinct flip in the level of $BTC ‘s supply being held by different sized wallets: 1K-10K $BTC wallets: $12.95B added in 2024 100-1K $BTC wallets: $7.89B dropped in 2024 (Cont) pic.twitter.com/BL7Mrj6kLq — Santiment (@santimentfeed) February 16, 2024 Such a trend of whales moving their stash away from centralized crypto exchange is usually a positive sign. Last week, Bitcoin whale wallets acquired over 100,000 BTC, estimated to be approximately $5 billion, in a span of just ten days alone. Historically, such accumulation points signal price appreciation. The latest whale movements come amid a market-wide rally spurred by the introduction of spot Bitcoin ETFs. Following their successful launch and the subsequent massive inflow, all eyes are on the Bitcoin halving, which is likely to occur in April this year. Hence, the transfer to custodial wallets may indicate the increased confidence of a price surge ahead of the fact. The post $1 Billion in Bitcoin Withdrawn From Coinbase, Bullish for BTC Price? appeared first on CryptoPotato.

9 days ago
CoinDesk
CoinDesk
followers

The long-put "butterfly" strategy guards against a potential bitcoin price drop to $47,000 by the end of March. The strategy, involving multiple trades, cost over $20 million. A large bitcoin {{BTC}} options bet crossed the tape on Tuesday, aiming to profit from a potential short-term price drop in bitcoin with the floor at $47,000. The trader bought 100 lots of March 29 expiry on crypto block trading service provider Greeks.Live, and put options at strikes $50,000 and $43,000, partly financed by selling 200 lots of similar expiry puts at $47,000. A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price at a later date. A put buyer is implicitly bearish on the market, while a call buyer is bullish. The so-called block trade and comes at a notional cost of over $20 million, Greeks.Live told CoinDesk. A block trade is a large transaction executed off the regular public market and is considered synonymous with institutional activity. The strategy will earn maximum profit if bitcoin falls to $47,000 on the expiry day. The forecast, therefore, is for prices to drop in the next few weeks but not below $47,000. The payoff diagram shows a maximum profit at the center and a fixed loss in case prices breach the two ends, mimicking the body of a butterfly. Hence, the strategy is called a "butterfly” bet. The simulated payoff diagram shows peak profit at $47,000, with breakeven levels at $44,201 and $49,770. “Whales have continued to add to their short positions, betting that bitcoin will fall slightly before March 29,” Adam, an analyst at Greeks.Live, told CoinDesk. “Recent block trades have been concentrated in two directions - short price or long volatility. Term selection has mostly been concentrated before BTC halving. Looking at the characteristics of the trades, it is likely that traders are holding spot and purchasing hedging positions,” Adam added.

9 days ago
Coinpedia
Coinpedia
followers

The post The Best Crypto Presales to Buy Now: Which Crypto Coins to Buy Before Listing? appeared first on Coinpedia Fintech News In the rapidly evolving world of cryptocurrency, the presale phase of any project provides a unique opportunity for enthusiasts to engage with new tokens before they hit major exchanges. This early phase allows users to become part of emerging communities and explore innovative features that could redefine the crypto landscape. The cryptocurrency market offers a vast array of projects, each vying for attention. This article examines five specific projects – ApeMax, Green Bitcoin, Scorpion Casino, Sponge V2, and Meme Kombat – that have generated interest due to their unique approaches and recent presale activity. We’ll explore their core features and the factors contributing to their buzz within the crypto space. The Ultimate List of The Best Crypto Presales to Buy Now ApeMax (APEMAX) – Revolutionizing Meme Coin Ecosystem with Staking Innovation Green Bitcoin (GBTC) – Eco-Conscious Crypto Innovation Scorpion Casino (SCORP) – Next-Level Crypto Gaming Platform Sponge V2 (SPONGEV2) – Successor to the original Sponge meme coin Meme Kombat (MK) – Leading Play-to-Earn Meme Battles Analysis of the Trending Crypto Presales This February 2024 ApeMax (APEMAX) ApeMax is redefining the meme coin category by merging traditional meme appeal with practical utility through its innovative “Boost-to-Earn” model. This approach captivates users with its engaging system and maintains a robust reward mechanism, even during its presale phase. The ApeMax presale already has over 10,500 holders. ApeMax’s integration with Binance Smart Chain ensures efficient, high-speed, and low-cost transactions. The presale phase of ApeMax, which will end on February 21, also gained traction due to its unique features, such as discounted loot box deals and immediate token access. Green Bitcoin (GBTC) Green Bitcoin stands out by blending the foundational principles of Bitcoin with Ethereum’s eco-friendly technology. Green Bitcoin‘s focus on reducing environmental impact while providing engaging user rewards positions it as a pioneering project in the eco-conscious crypto space. Scorpion Casino (SCORP) Scorpion Casino is making waves with its reward system and the ambition to achieve ‘unicorn’ status. SCORP boasts a secure, licensed platform and a diverse range of gaming options. Sponge V2 (SPONGEV2) Sponge V2, launching after the original $SPONGE token gained traction, attempts to further capture the meme coin market by offering a play-to-earn game and staking rewards as value drivers. Meme Kombat (MK) Entering the play-to-earn (P2E) and meme coin space, Meme Kombat offers a unique game where users can bet on meme battles. This, coupled with its staking rewards and betting features, has contributed to MK’s active presale. What is a Crypto Presale, and Should I Join? Understanding the dynamics of a crypto presale is crucial for anyone looking to engage with emerging digital assets before they become available on larger exchanges. A crypto presale provides early access to a project’s tokens, often at a lower price point, allowing participation in the project’s nascent stages. Here are some other reasons why enthusiasts consider joining presales: Early Access to Innovation: Joining a presale, such as ApeMax’s, allows access to pioneering features in the crypto space. Exclusive Opportunities: Presales sometimes offer unique benefits or privileges to early investors, such as bonus tokens, voting rights or discounts. ApeMax for example offers exclusive Early Bird discounts during the presale. Community and Network Building: Joining a crypto presale can involve becoming part of a community of like-minded individuals who share interests in blockchain and cryptocurrency. Engaging in a crypto presale requires a thorough understanding of the project’s goals, market position, and evolving crypto landscape.  Conclusion on the Best Crypto Presales to Buy Now As we navigate through the vast landscape of cryptocurrency presales, it becomes clear that projects like ApeMax, Green Bitcoin, Scorpion Casino, Sponge V2, and Meme Kombat provide more than just mere entertainment. ApeMax, in particular, with its unique blend of meme culture and practical utility, exemplifies the possibilities for digital assets to transcend traditional boundaries and engage users on multiple levels. However, while these cryptocurrency coins present a compelling case with their innovative approach, it’s essential to approach each presale with caution, recognizing the inherent risks and volatility in the crypto market. Thorough research is paramount. This article is not financial advice. The presale for ApeMax draws to a close in just a few days on February 21. For more information on ApeMax’s unique features, presale dynamics, and location eligibility requirements, you can visit the official ApeMax website.

9 days ago
Crypto Daily™
Crypto Daily™
followers

Over a recent weekend, a flurry of activity was observed on Deribit, the leading crypto options exchange. Traders aggressively purchased out-of-the-money call options for Bitcoin at strike prices of $65,000, $70,000, and $75,000. This surge in higher strike call buying reflects a robust bullish outlook, reminiscent of the optimism seen during the 2020-2021 bull market. Despite potential overbought technical conditions and concerns over the impact of the bankrupt crypto lender Genesis' potential selling, traders' willingness to engage in these bullish bets underscores a strong conviction in Bitcoin's upward trajectory. The market has witnessed Bitcoin nearly doubling to $50,000 since early October, fueled by strong ETF inflows and a rally that has led to overbought conditions as indicated by the cryptocurrency’s 14-day relative strength index. Yet, the enthusiasm for bullish options bets suggests that investors are looking beyond short-term profit-taking and potential market dips - they believe in a continued rise in Bitcoin's value. Amidst this backdrop, two emerging cryptocurrencies are garnering attention as promising assets to watch for investors who are seeking opportunities beyond Bitcoin. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the $376 billion gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry. Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. TGE ALERT – Keep Up With Latest News Dymension (DYM): Envisioning the Future of Interchain Connectivity Dymension (DYM)captured the market's attention with its remarkable ascent, demonstrating a potent blend of innovation and market receptivity. As of the latest data, Dymension's (DYM) market cap hovers around $1 billion, reflecting significant investor confidence bolstered by a 57% increase over the last week. Amidst its upward journey, Dymension's (DYM) price range forecasts offer a panoramic view of its potential, with projections for 2026 suggesting a dramatic uplift to between $110.58 and $437.31. This means a potential 5,312.98% increase from Dymension's (DYM) current valuation. As Dymension (DYM) strides forward, its roadmap is marked by ambitious milestones aiming to redefine interchain operability. With its recent mainnet launch and substantial airdrop, Dymension (DYM) is poised to add novel dimensions to the blockchain ecosystem. Heroes of Mavia (MAVIA): Revolutionizing Web3 Gaming Heroes of Mavia (MAVIA) stands as a beacon in the blockchain gaming domain due to its growing appeal and the successful integration of gaming with blockchain technology. Heroes of Mavia's (MAVIA) price is currently near $8, showcasing a robust 178% positive change since the year's start. Heroes of Mavia's (MAVIA) projections paint a picture of exponential growth. With promising outlooks stretching into 2033, Heroes of Mavia's (MAVIA) price is expected to ascend to groundbreaking heights, touching up to $170.11, reflecting a burgeoning ecosystem and the escalating demand for immersive gaming experiences. At the core of Heroes of Mavia's (MAVIA) allure is its innovative use of NFTs and strategic adoption of Arbitrum for layer-2 scaling, promising the enhanced gameplay experience and positioning Heroes of Mavia (MAVIA) at the forefront of the burgeoning Web3 gaming realm. However, as with any new cryptocurrency, there are certain risks related to security, tokenomics, and market manipulation. Conclusion The cryptocurrency market is currently experiencing notable bullish sentiment, evidenced by the aggressive acquisition of out-of-the-money call options for Bitcoin on Deribit. Bitcoin's current surge has traders betting big on its future, reminiscent of the boom times seen a few years back, although they're well aware of the roller coaster ride that comes with it. Big ETF investments and a strong price surge show that people are really bullish about the market, looking past the ups and downs. Amidst the market's high spirits, newcomers like Dymension (DYM) and Heroes of Mavia (MAVIA) are turning heads with their fresh offerings and promise to shake up the crypto world beyond what we've seen from the big players. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

11 days ago
Bitcoinworld
Bitcoinworld
followers

TLDR Bitcoin’s explosive surge liquidated millions of dollars in short positions. According to experts, Injective and NuggetRush are expected to experience significant growth in 2024. NuggetRush, an emerging P2E memecoin, aims for an 8,000% rally after launch.   Bitcoin’s (BTC) impressive rally above $50,000—which liquidated short positions amounting to millions of dollars—outshined the recent JUP and DYM airdrops. With the crypto scene buzzing with excitement and investor sentiment on the rise, experts predict explosive growth for Injective (INJ) and NuggetRush (NUGX) in 2024. >> Buy NuggetRush Now <<   NuggetRush (NUGX): A Potential 8,000% Rally After Launch NuggetRush (NUGX) is a promising top ICO with astounding potential. Preparing to launch—a low-cap gem—it has massive room for growth, which explains the unprecedented show of interest in the ongoing presale. In round 5 of the ICO, a NUGX token costs only $0.018. According to experts’ forecasts, it will experience an 8,000% jump after its launch, positioning it as the best new crypto to invest in. Besides its staggering upside potential—one of its biggest appeals—its allure further lies in its innovative concept. It stands at the intersection of play-to-earn (P2E), GameFi, memes, and NFTs. This makes it appealing to investors across the crypto landscape, from game and meme enthusiasts to NFT lovers. The upcoming game will feature a novel gaming concept built around a gold-mining gameplay experience. It will also integrate elements of NFTs while also boasting memetic features like strong community and volatility. While many emerging altcoins promised the Lambo dream but rugged afterward, NuggetRush is a safe investment. The smart contract—which will be renounced after launch—has been audited by SolidProof, showing it to be safe and secure. You can become an early adopter of this bullish project by participating in the presale now. >> Buy NuggetRush Now <<    Bitcoin (BTC): Riding Above $50,000 Bitcoin (BTC), the leading cryptocurrency and the industry’s poster boy, surged past $50,000 earlier this week. Undoubtedly, this has been the subject of much interest, stirring up quite a buzz within the crypto community. This level was last seen in 2021 during the last bull run; hence, it comes as no surprise that investors tag this as the start of a bull market. Incredibly, trades that had previously placed short positions—betting on a price drop—were liquidated, amounting to millions of dollars in losses. Once again, bulls come out on top, and this might indeed be the start of a bull market. With Bitcoin aiming to create a new all-time high (ATH) in 2024, it is one of the best cryptos to buy now. Spot Bitcoin ETFs and the anticipated halving—expected to take place in April—will be catalysts for its growth. If you don’t wish to miss out or FOMO (fear of missing out) in the future, you can add BTC to your portfolio now.   Injective (INJ): Massive Growth Potential Injective (INJ) is among the leading and top altcoins on the market. It gained much popularity after its explosive growth in 2023, which saw it rise from $1.00 to over $40. This made it one of the year’s biggest highlights, with further upside anticipated in 2024. While it has experienced a slight dip from its peak, experts remain bullish on Injective. According to forecasts, it will reach $100 before the end of 2024, making it one of the best cryptos to invest in. Given its staggering upside potential, this is a bullish wave not to miss out on. This explains investors’ keen interest and why many are doubling down on Injective. You can also position yourself for significant gains by accumulating some INJ tokens and HODLing.   Conclusion Bitcoin’s rise above $50,000 liquidated millions of dollars in short positions, which might be the start of a bull market. Meanwhile, experts are bullish on Injective and NuggetRush, predicting explosive growth. To become an early NUGX holder, follow the link below. Visit NuggetRush Presale Website The post Bitcoin’s Impressive Rally Erases Millions in Short Positions; Experts Foresee Explosive Growth for Injective and NuggetRush in 2024 appeared first on BitcoinWorld.

11 days ago
ORIONPLAY official
ORIONPLAY official
followers

🚀 Top 6 Cryptos Under $1 Set to Skyrocket 100x by 2025! 🌟 But before we move forward, Kindly Hit the follow Button to be notified whenever I make a new post or article.... Looking for the next big crypto gems? Here's a quick dive into 6 promising projects under $1 that could explode in 2024! 🚀 Smog Token (SMOG): 🌬️ Riding high on Solana, SMOG offers airdrop rewards and a multi-chain approach, making it a breath of fresh air in the crypto space. Bitcoin Minetrix (BTCMTX): ⛏️ Bringing Bitcoin mining to the masses, BTCMTX offers stake-to-mine features and juicy staking yields, making it a hot buy for those eyeing the next big crypto rocket. Sponge V2 (SPONGEV2): 🧽 Building on the success of SPONGE, Sponge V2 introduces a token swap with enticing staking rewards and a SpongeBob-themed racing game. Get ready for some fast-paced profits! Meme Kombat ($MK): 🎮 Join the GambleFi sector with Meme Kombat! Betting on meme coin battles and dynamic gameplay, $MK promises serious profit potential in the meme fever craze. Verasity ($VRA): 🚫 Fight ad fraud with Verasity's blockchain solution! Burnt tokens, patented tech, and a low market cap make $VRA a fraud-fighting force. Beam ($BEAM): 🎮 Fueling blockchain-powered games, BEAM offers affordable transactions and NFT integration. Beam brings crypto to mainstream games without breaking the bank. In conclusion, these 5 cryptos under $1 offer diverse value drivers, from cloud mining to gaming integrations, fraud prevention, and more. 🌈 Get ready for 2024 with these hidden gems! 👍 Don't forget to like, share, and drop your thoughts in the comments. Stay tuned for more crypto sights! 👍 Remember: Your tips support our mission to provide you with the best investment advice. Invest wisely! 💰 Disclaimer: Cryptocurrency investments carry risks. Do your research before diving in. 💡 #Write2Earn #TrendingTopic #crypto2024

13 days ago
Kri
Kri
followers

After the price of Bitcoin (BTC) returned above the $50,000 mark and continued up, in addition to retaking the $1 trillion market capitalization, one of its most famous critics, Peter Schiff, believes it might actually hit $100,000 in the future, but he also pointed out that there was a catch. As it happens, Schiff was discussing the United States economy, inflation, central banks, stocks, and the flagship decentralized (DeFi) asset with popular entrepreneur, technology investor, and Bitcoin bull Anthony Pompliano during an episode of his podcast streamed on February 13. $100,000 is possible, but… According to the renowned skeptic of the maiden cryptocurrency, the price of one Bitcoin could reach $100,000 or more, but it might not mean much to those holding it, nor would it represent as massive increase as many think, taking into account that it almost hit $70,000 in 2021. As he explained: “Can Bitcoin rally to a $100,000 or more? Sure it can, but I don’t even think it’s worth betting on it because it’s not even that big of a rise. (…) I just don’t think there’s enough upside anymore for it to be interesting to anybody. (…) I mean it’s been going sideways now for three years, (…) it hit the high, almost hit $70,000 in 2021, this is 2024. (…) I just don’t see the next catalyst for the rise.” Replying to Pompliano’s question of whether he thinks $1 million is likely, Schiff admitted that Bitcoin could go to a million, “but it’s not going to mean you’re a millionaire if own a Bitcoin. You’re a millionaire on paper but there’s a lot of millionaires in Zimbabwe, in countries that have had hyperinflation.” As he further pointed out, “Venezuela has a lot of millionaires, but their millions don’t buy anything, so Bitcoin might go up in that sense, but it’s not going to go up in a real sense,” as well as adding that if Bitcoin does hit $1 million, “gold is probably going to be higher.” Speculation and gamble? Moreover, he bashed Bitcoin as “part if the move to speculate and gamble, (…) and Bitcoin kind of had its own narrative with all those ETFs launched, there’s a dozen or so Bitcoin ETFs and so there was a lot of hype there that led to that rally,” referring to the approval of the spot BTC exchange-traded fund. “Predictably, when the ETFs were launched it was a ‘sell the news’ event and they all dropped about 20% very quickly. They’ve recovered and made new highs I think on the back of some renewed speculation. I think this ETF conference down in Miami that’s going on right now, so there’s probably a lot of hyping.” As a reminder, Schiff earlier this year had a heated discussion with members of the crypto community, during which he said that Bitcoin could hit the price of $10 million by 2031, but only if the US dollar went the way of the German Papiermark and became worthless, as Finbold reported on January 29. Meanwhile, the largest asset in the crypto sector by market cap is currently trading at the price of $51,919, climbing 6.17% in the last 24 hours, as it added up to the weekly increase of 20.83% and an advance of 22.97% across its monthly chart, as per the latest data on February 14. #BTC #Write2Earn $BTC

14 days ago
Coinspeaker
Coinspeaker
followers

Coinspeaker Bitcoin Surpasses $51K, BTC Reaches $1T Market Capitalization Bitcoin price has once again broken through the $51,000 barrier, marking a remarkable milestone by surpassing the $1 trillion market capitalization threshold for the first time since December 2021, according to CoinMarketCap data. Bitcoin Price Showing Bullish Sentiment This surge comes amidst a wave of bullish sentiment surrounding the continued growth of the world’s largest cryptocurrency. Options traders are increasingly betting on even higher prices, with some eyeing targets as high as $75,000 in the coming months. Traders are setting their sights on the $64,000 level in the near term, driven in part by escalating demand from spot Bitcoin Exchange-Traded Fund (ETF) products. Tuesday saw substantial activity in this realm, with BlackRock Inc’s (NYSE: BLK) IBIT witnessing nearly $500 million in net inflows, indicative of robust buying demand and investor confidence. The spot BTC ETF market has proven that a new era is in as insitutional investors now have a legitimate vehicle to invest in the coin. Additionally, the release of the latest data on the Consumer Price Index (CPI) by the United States Bureau of Labor Statistics revealed a higher-than-expected increase, climbing 3.1% annually compared to the anticipated 2.9% This spike, particularly driven by the housing sector, has raised concerns among economists about the Federal Reserve’s ability to curb inflation effectively. As a result, expectations for early rate cuts in the US may be delayed as policymakers seek to address the persistent inflationary pressures. Following the CPI data release, both major stock indexes and the crypto markets experienced retracements from prior gains. Bitcoin’s sudden bullish breakout led to the liquidation of approximately $200 million, primarily affecting short traders. Nevertheless, Ethereum (ETH) and Solana (SOL) also joined the upward momentum, contributing to a broader rally in the altcoin market. Whales Accumulation of Bitcoin and Price Predictions Adding to the intrigue of Bitcoin’s increase is the accelerated accumulation by BTC whales in recent weeks. According to on-chain data analysis from Santiment, whales have acquired a staggering 140,000 Bitcoins worth over $6.3 billion in just three weeks. This heightened appetite from institutional investors is reflected in the weekly CoinShares report, which highlights Bitcoin’s dominance in the $1.1 billion cash inflows to digital assets investment products last week. Notably, optimism about Bitcoin price prospects is palpable among industry figures. BitMEX co-founder Arthur Hayes has boldly predicted a climb to $70,000 by year-end, emphasizing his bullish stance on Bitcoin’s prospects. Similarly, Ki Young Ju, CEO of crypto analytics company CryptoQuant, envisions new highs for Bitcoin, projecting potential prices between $104,000 and $112,000. At present, Bitcoin is trading at $51,380, representing a 2.7% increase over the past 24 hours, with its market capitalization reaching a milestone of $1 trillion. As the crypto market continues to grow and mature, the conditions driving Bitcoin’s rise remain subject to both economic indicators and investor sentiment, shaping the trajectory of digital assets in the months ahead. next Bitcoin Surpasses $51K, BTC Reaches $1T Market Capitalization

15 days ago
CryptoBeat
CryptoBeat
followers

🏈 Super Bowl 2024 & Crypto: What to Expect? 📈 Bitcoin's price has surged above $48,000 recently, and historical trends suggest Super Bowl 2024 may intensify investor interest in BTC. Since 2022, Bitcoin prices have formed a pattern around each Super Bowl event. Will this trend continue? 🤔 Key Points: - Crypto ads during Super Bowl events have increased public interest in cryptocurrencies. - BTC price has rallied in the weeks leading up to past Super Bowls, followed by a pullback. - Betting and commercials are major ways the Super Bowl impacts the crypto world. - GambleFi platforms are gaining popularity for placing bets using cryptocurrencies. What are your thoughts on the impact of Super Bowl 2024 on crypto prices? 🚀💰 Share your predictions in the comments below! 👇

18 days ago
Coinpedia
Coinpedia
followers

The post Bitcoin Smashes Through $50,000 Milestone Amid Rising FOMO! Will Bulls Hold $50K Or Trigger A Correction? appeared first on Coinpedia Fintech News After going through a prolonged bear market and tumbling investor faith, Bitcoin is on the edge of a robust comeback. In the past few hours, the BTC price has surged impressively from a low of $47,500, reaching the eagerly awaited $50,000 milestone, due to substantial inflows into Bitcoin ETFs over the last week. This influx has skyrocketed market confidence. Yet, amidst this rally, there’s speculation among analysts about the continuity of this surge, given the possibility of a large-scale sell-off by numerous holders poised to cash in on their profits. Bitcoin Sees Billions In ETF Inflows Although Bitcoin remains below its 2021 high of nearly $69,000, it has been on an upward trajectory, even amid corrections influenced by ETF activity. This week, it broke through the $48,000 and $49,000 marks, reaching heights not seen in almost two years. Now, it has broken above the much-anticipated $50K mark, aiming to touch its ATH this year. In the past hour, the Bitcoin market experienced a significant shakeout, with total liquidations amounting to approximately $25.3 million. Of this, sellers saw around $24.5 million of their positions cleared. The recent uptick in Bitcoin’s price is supported by a significant influx of funds into spot Bitcoin ETFs last week, with more than $1.1 billion in new funds entering the market. This surge comes as the outflows from established funds, like the Grayscale Bitcoin Trust (GBTC) and ProShares’ futures-based ETF, begin to decelerate. Analysts and market experts are forecasting a climb above $50,000 and potentially reaching a new peak before the halving event, which is now just over 65 days away. The mood regarding Bitcoin hovering around the $50,000 mark is divided, with several analysts eyeing correction as short-term holders are set to liquidate. Surpassing specific technical barriers, like the Fibonacci retracement level around $51.2K, might trigger additional surges. Nonetheless, the market needs to prepare for different outcomes, including possible retracements to retest support zones as long-squeeze could be triggered anytime. Bitcoin’s Correction Begins With Rising Sell Volume Bitcoin is witnessing a correction as sellers increasingly opened short-positions at around $49,994-$49,999, triggering a minor pullback toward $49,400. However, Coinbase data shows that the BTC price touched the $50K mark before a correction.  In November 2021, during the previous bull market, Bitcoin reached its peak value of $69,044. The total market capitalization of all cryptocurrencies exceeded $3 trillion at that time. As of the latest update, the global cryptocurrency market capitalization stands at $1.9 trillion. In recent minutes, the BTC price has seen a decrease in its long/short ratio, falling below 1 to stand at 0.8349. This indicates that selling volume is surpassing buying activity, as a greater number of traders are initiating short positions in anticipation of a price adjustment from the $50K high. At present, 54.5% of all positions are betting on a price drop, whereas 45.5% are forecasting a rise in price. 

17 days ago

Loading...