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BeInCrypto
BeInCrypto
This Is What to Expect 60 Days Before the Bitcoin Halving
about 4 hours ago
Coinstages
Coinstages
followers

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

about 2 hours ago
CoinDesk
CoinDesk
followers

Bitcoin can reach as high as $150,000 this year fueled by ETFs, halving and Fed rate cuts, Fundstrat's Tom Lee said. Bitcoin's rally has recently stalled below $53,000 and prices may cool for a while, other analysts suggested. Bitcoin {{BTC}} may have stalled over the past week, but FundStrat head of research Tom Lee doubled down on his bullish outlook and said it could reach as high as $150,000 this year. "You have demand improving with the new ETFs, you have supply shrinking with the halving, and if monetary policy eases which we expect, that's supportive for risk assets," Lee told CNBC on Wednesday. Lee's comments came as bitcoin's rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, its highest price in 26 months. It was recently changing hands at $50,900, down 1.8% over the past 24 hours, holding up slightly better than the broader-market CoinDesk20 Index's (CD20) 3% decline during the same period. Lee isn't worried. "Bitcoin's been holding up ," he said "I do not think a drawdown is going to start that soon." However, other analysts suggested that BTC may cool down for a while. Joel Kruger, market strategist at LMAX Group, suggested caution in the short term, noting potential volatility due to shifting central bank policies and fallout from global macro weakness, which could temporarily impact crypto markets. He added that any downturn would provide an opportunity for taking strategic positions. Analytics firm Swissblock said in a Wednesday market update that bitcoin's big picture is still bullish, but may experience a pullback to lower prices first before resuming its uptrend. "While the prevailing sentiment suggests a potential continuation of the upward trajectory, the current scenario may necessitate a period of consolidation or even a retracement to the $47.5k support level," Swissblock analysts said. "This adjustment would serve to alleviate excess volatility and reinforce market stability before potential further upside moves."

about 3 hours ago
TheVRSoldier
TheVRSoldier
followers

As the majority of assets in the cryptocurrency sector commence to reverse the exceptionally bullish gains from prior weeks, some are correcting more swiftly and more intensely than others, including Solana (SOL), which has shed over $3 billion from its market cap in a solitary day. On the other hand, Solana’s market cap has dwindled by over 6% in the last 24 hours, having descended from $48.58 billion to $45.54 billion during this period, signifying a depletion of $3.04 billion to its market value, as per data acquired from the crypto analytics platform CoinMarketCap on February 21. Solana price is dipping In the interim, the valuation of Solana has dipped 6.07% in the past 24 hours, accumulating to the loss of 10.78% across the last seven days, but nevertheless still adhering to the 16.94% total gain amassed over the antecedent month, and at the writing time is exchanging at $103.41. Why is Solana declining? Notably, the bearish streak aligns with the general alteration in sentiment across the broader crypto market, which appears to possess sufficient impact to counterbalance the affirmative developments for Solana, encompassing its decentralized finance (DeFi) ecosystem exceeding $2 billion for the first time since June 2022. Indeed, the total value locked in DeFi projects on the Solana network briefly transcended the $2 billion threshold on February 20, with the current value staked on it standing at $1.95 billion, in accordance with the most recent information retrieved from the DeFi analytics platform DefiLlama on February 21. DefiLlama On top of that, the layer 1 blockchain has declared integration with the decentralized file storage network Filecoin (FIL) to host Solana’s block history in the future, enabling the ecosystem and Solana-based projects to shift away from centralized data storage solutions. I am really excited to see this launch. Huge thanks to @Filecoin for building an awesome decentralized archive layer. And to @triton_one, who did a ton of work to ship this! https://t.co/d08obtlrfl — toly (@aeyakovenko) February 17, 2024   Subsequent to the news, the value of Filecoin promptly started to rally and has surged 24% since the announcement, amassing to the gain of 32.77% on its weekly chart. Nonetheless, Solana has failed to replicate this surge and jeopardizes descending further as its relative strength index (RSI) dips below 50. The current market cap of SOL is $46.32B at the time of writing.  Hackers are coming up with more ways to steal crypto The Solana ecosystem is becoming a popular target for crypto scammers. At the beginning of January, Bloclaid analysts spoke about the online community of one popular wallet drainer. It has more than 6 thousand active participants.  Earlier, malware for draining wallets was discovered by Kaspersky Lab specialists. A new pirated program created for the macOS system helps attackers gain access to the user’s computer password. The post Solana: $3 Billion Market Cap Drain Amidst Crypto Correction first appeared on The VR Soldier.

about 3 hours ago
Crypto Web3 Today
Crypto Web3 Today
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Mike Novogratz Predicts How Low Bitcoin (BTC) Price Can Plunge. In a Wednesday CNBC interview, Michael Novogratz, CEO of Galaxy Digital, predicted that the price of Bitcoin could potentially plunge to $42,000 in response to market dynamics or regulatory upheavals. "Could be some regulatory, you know, kerfuffle. Could just be the market got a little long, and you get people scared," he said. Yet, even as he laid out these numbers, his bullish sentiment on the crypto market's future was palpable. Institutional money is coming. Novogratz delved into the transformative impact of institutional adoption on the cryptocurrency landscape, particularly emphasizing the burgeoning ETF market. "Right? $42 trillion worth of wealth are managed by brokers. Baby boomers own most of the wealth in America, and getting their first easy access to Bitcoin... You're seeing it through ETFs, massive growth in a very short period of time in this whole ETF complex," he stated. This influx of institutional interest, according to Novogratz, not only validates the cryptocurrency space but also heralds a period of consolidation and eventual upswing. He added, "I don't think that's going to stop... I still see Bitcoin ending the year a lot higher." Regulatory challenges. Touching on the regulatory landscape, Novogratz shed light on the growing pains and eventual maturation of the crypto market as it seeks wider acceptance. The demand from clients for Bitcoin and other digital assets is pushing institutions to pivot, albeit cautiously. "There's an inevitability to it. Why? Because their customer is calling and pitching at them, saying, 'We want to buy Bitcoin with you,''' he explained, capturing the pressure financial advisers and platforms are under to incorporate crypto into their offerings. A bullish view. Looking forward, Novogratz sees a bright future for Bitcoin. The ongoing bull run will be fueled by both the macroeconomic environment and the ongoing adoption cycle, according to the crypto bull.

about 4 hours ago
Crypto Breaking
Crypto Breaking
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Bitcoin has been on a bullish trend, reaching $50,000 for the first time in two years, but some crypto analysts still anticipate that the token might be gearing up for a potential correction. Bitcoin Could See A Pullback At Any Moment According to the recent analysis by cryptocurrency expert Crypto Jelle, Bitcoin could undergo a retest anytime soon. Jelle shared his latest projections with his thousands of followers on the social media platform X (formerly Twitter). A chart of Bitcoin accompanied his X post to demonstrate his observations and further back up his claims visually. Crypto Jelle’s analysis examines the current and past position of Bitcoin and has identified the presence of a “rising channel.”  He stated that Bitcoin has been in this rising channel “over the past 6 years.” He further pointed out that the crypto asset is not breaking out of the “channel anytime soon.” BTC in a 6-year-long rising channel | Source: Crypto Jelle on X Due to this, Crypto Jelle believes that the price of BTC might witness a “retest of the mid-range.” Thus, he has urged investors to get involved with the token to increase prices and avoid the impending pullback. The post read: Bitcoin has spent the past 6 years inside this rising channel. Doesn’t look like that’s going to change anytime soon. In fact, it seems about time for a retest of the mid-range. Send it higher. Jelle has also underscored the potential for the digital asset to soar higher to a new all-time high. In another X post, he highlighted that today is “one of those days to recall the part of the cycle we are in.” Jelle has underlined two distinct timeframes for Bitcoin, which include the lower timeframe and the higher timeframe. He asserted that in the lower timeframe, BTC’s performance looks like “dog poop.” Meanwhile, in the higher timeframe, BTC’s performance looks promising, suggesting a move to a new price level. Jelle appears bullish on Bitcoin as he has encouraged the community not to be “shaken out” of the market. Massive Sell-Off By BTC Whales Despite the upward momentum, reports have revealed a significant selling spree from BTC whales. Ali Martinez, a well-known crypto analyst, reported Tuesday’s development on the X platform. Per Martinez’s post, Bitcoin whales might lose their confidence in the token. Martinez asserted that whales have sold over 30,000 BTC valued at $1.56 billion in the past 2 days. The report has sent quite a frenzy in the community, leaving crypto enthusiasts to ponder the impact of the sell-off. However, it is believed that this could be a notable development, indicating the start of a distribution phase, which could extend the low timeframe bearish action.  BTC trading at $51,358 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Bitcoin Bulls In Jeopardy? Analyst Sounds Warning Of Possible Retest appeared first on Crypto Breaking News.

about 3 hours ago
Cryptos Headlines
Cryptos Headlines
followers

The price of Terra Luna Classic (LUNC) suddenly fell to $0.00012 from a high of $0.00014, reflecting the ups and downs seen across the entire crypto market this week. Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com Terra Luna Classic (LUNC) saw a remarkable surge of over 415% in Q4 of last year, peaking at $0.00028 in December. However, this rally was followed by a steep correction, with LUNC dropping by 68% to $0.000087 in January 2024. Profit-taking and market sentiment drove this pullback. Yet, the first quarter has ushered in new market dynamics, notably with the introduction of the Bitcoin ETF. Terra Luna Classic (LUNC) Price Analysis Terra Luna Classic (LUNC) has closely followed the trends of Bitcoin and Ethereum in recent weeks, climbing to $0.00014 in February. However, like other assets, it is susceptible to corrections, currently stabilizing at $0.00012. Ranked 115th in the crypto market, LUNC is down 6.5% today, aligning with Bitcoin’s 2% drop to $51,134. Other altcoins like Solana, Cardano, and Chainlink have also seen declines of 7%, 4%, and 6.2%, respectively. Some observers note a decrease in LUNC’s trading volume to $56 million, suggesting waning interest among traders. However, this decline isn’t unique to Terra Luna Classic, as the total market has also dipped by 1.8% to $1.95 trillion. Traders are closely monitoring two key ranges on the chart: the green region, corresponding to the support of the up-trending channel, must be defended to enhance the likelihood of an immediate recovery. Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com LUNC price chart | Tradingview Terra Luna Classic (LUNC) Technical Analysis and Market Outlook On the upside, the red-marked area indicates a stubborn short-term resistance level. The selling pressure intensified when LUNC reached $0.00014, prompting more traders to short the token or close their long positions, adding downward pressure. The failure to find relief at the middle boundary support of the channel led to an increase in sell orders. Additionally, the bearish crossover in the Moving Average Convergence Divergence (MACD) indicator suggests a challenging week ahead for LUNC. Short positions are likely to remain profitable until the green area support is reclaimed. Despite the current bearish sentiment, there is hope for an immediate rebound as Terra Luna Classic has previously been accepted back into the ascending channel. However, if losses extend beyond the green band, the 200-day Exponential Moving Average (EMA) at $0.000116 could become a crucial support level. Monitoring Bitcoin’s price movements is essential, particularly if it dips below $52,000. A swift recovery would indicate a stronger trend reversal towards $54,000, which could positively impact sentiment across the market. A bullish outcome for Bitcoin is expected to stabilize altcoins like LUNC as traders anticipate the next upward move. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #Luna   #Terra   #Altcoin   #LUNC   #USTC

about 7 hours ago
Kri
Kri
followers

As the majority of assets in the cryptocurrency sector start to reverse the exceptionally bullish gains from previous weeks, some are correcting faster and more intensely than others, including Solana (SOL), which has lost over $3 billion from its market capitalization in a single day. Specifically, Solana’s market cap has declined by over 6% in the last 24 hours, having dropped from $48.58 billion to $45.54 billion during this time, which represents a loss of $3.04 billion to its market value, as per data obtained from the crypto analytics platform CoinMarketCap on February 21. Solana price analysis In the meantime, the price of Solana has dropped 6.07% in the past 24 hours, adding up to the loss of 10.78% across the last seven days, but nonetheless still clinging to the 16.94% total gain accumulated over the previous month, and currently trading at $103.41. Why is Solana declining? Notably, the bearish streak coincides with the general change in sentiment across the wider crypto market, which seems to have enough impact to counter the positive developments for Solana, including its decentralized finance (DeFi) ecosystem surpassing $2 billion for the first time since June 2022. Indeed, the total value locked in DeFi projects on the Solana network briefly crossed the $2 billion threshold on February 20, with the current value staked on it standing at $1.98 billion, according to the most recent information retrieved from the DeFi analytics platform Defi Llama on February 21. On top of that, the layer 1 blockchain has announced integration with the decentralized file storage network Filecoin (FIL) to host Solana’s block history in the future, allowing the ecosystem and Solana-based projects to move away from centralized data storage solutions. Upon the news, the price of Filecoin immediately started to rally and has increased 24% since the announcement, adding up to the gain of 32.77% on its weekly chart. However, Solana has failed to mimic this surge and threatens to fall further down as its relative strength index (RSI) dips below 50. #sol #Write2Earn

about 8 hours ago
The Cryptonomist
The Cryptonomist
followers

SPONSORED POST* In a strategic shift that underscores the evolving dynamics of the cryptocurrency market, traders from the Cardano (ADA) community are venturing into new territories with the acquisition of Option2Trade’s (O2T) A.I. presale tokens. Priced at an enticing $0.0091 and set for a grand launch in 2024, O2T tokens represent not just an investment but a belief in the transformative power of artificial intelligence in trading. This move by Cardano (ADA) traders is a clear indication of the growing intersection between blockchain technology and A.I., aiming to revolutionize the digital asset trading landscape. A Fusion of Technology and Trading: The Rise of O2T Option2Trade (O2T) stands at the forefront of this innovative wave, integrating A.I. with a wide range of asset classes including Forex, cryptocurrencies, stocks, commodities, and indices. This diversity not only attracts a broad spectrum of traders but also enhances the trading experience within social groups, encouraging a culture of knowledge sharing and strategy optimization. Cardano (ADA) traders, known for their forward-thinking approach, have recognized the potential of Option2Trade (O2T) to redefine trading paradigms, leading to their early adoption of the platform’s presale tokens. Why ADA Traders are Betting Big on O2T The decision by Cardano traders to diversify their portfolios with O2T tokens is driven by several key factors: – Option2Trade’s (O2T) core promise lies in its use of artificial intelligence to analyze market trends, predict movements, and automate trading decisions. This A.I. integration is a game-changer, offering traders insights and efficiencies previously unattainable. – The breadth of assets available on Option2Trade (O2T) ensures that traders can spread their risks and opportunities across different markets. This aligns with the prudent approach of Cardano (ADA) traders who seek to balance their portfolios across various sectors. – Getting in at the presale stage allows Cardano (ADA) traders to capitalize on the initial low token price of $0.0091, with the anticipation of significant growth by the time Option2Trade’s (O2T) officially launches in 2024. The Anticipated Impact of Option2Trade (O2T) on the Trading Ecosystem The integration of A.I. with a comprehensive asset platform like Option2Trade (O2T) is poised to bring about several transformative changes in the trading ecosystem: – The A.I. capabilities of Option2Trade (O2T) promise to deliver customized trading strategies that adapt to individual trader preferences and market conditions, optimizing returns. – With A.I.’s ability to process vast amounts of data and predict market trends, traders can make more informed decisions, potentially leading to higher success rates. – As A.I. becomes more integrated into trading platforms, we may see a shift towards more automated trading processes, reducing the need for constant market monitoring and allowing traders to focus on strategy development. Looking Ahead: The Future of Trading with O2T The Cardano (ADA) community is eagerly anticipating the launch of Option2Trade (O2T), a platform that integrates artificial intelligence (AI) with blockchain technology. Cardano (ADA) traders have adopted O2T tokens, setting a precedent for the integration of AI in financial markets. This strategic diversification demonstrates the evolving landscape of digital asset trading, as traders are embracing AI technology to transform trading strategies, market analysis, and portfolio management. As Option2Trade’s (O2T) launch approaches in 2024, the crypto community eagerly anticipates the dawn of a new chapter in the synergy between blockchain and AI. This move could pave the way for a more efficient, accessible, and profitable trading environment. For more information on the Option2Trade (O2T) Presale:  Use promo code O2TLaunch to get 15% bonus Visit Option2Trade Join and become a community member:  https://t.me/O2TOfficial Tweets by option2trade *This article was paid for. Cryptonomist did not write the article or test the platform.

about 8 hours ago
Kri
Kri
followers

Circle announced the removal of native USDC on the Tron Network (TRX) as part of its “risk management framework.” This raised concerns about Tron’s future in the market, which could impact TRX’s price performance. Notably, the company published the announcement on February 21, mentioning compliance as one of the three reasons for the decision. It happened less than a week after Circle’s Senior Director, Caroline Hill, spoke in Congress about Tether (USDT). “Our decision to discontinue support for USDC on TRON is the result of an enterprise-wide approach that involved the business organization, compliance, and other functions across our company. This action aligns with our efforts to ensure that USDC remains trusted, transparent, and safe – characteristics that make it the leading regulated digital dollar on the internet.”– Circle Therefore, Circle will effective immediately halt USDC minting on Tron. However, it will allow its customers to migrate Tron-based USDC to other supported blockchains until February 2025. On that note, Circle only directly serves businesses and institutional customers. Retail can use the cryptocurrency ecosystem to transfer or exchange tokens currently running on Tron. Tron (TRX) price analysis after losing USDC This decision can prove itself to be a tough hit against Justin Sun’s blockchain enterprise, Tron. In particular, Circle sends a strong message to the market about their trust in the Tron Network, a stablecoins’ paradise. Losing the second-largest stablecoin by market cap and volume could affect the demand for TRX, Tron’s DeFi ecosystem health, or influence the support of other institutions. Meanwhile, Tron’s native token is trading at $0.139 by press time, in an impressive bull rally year-to-date (YTD). On the other hand, such a performance has made TRX reach an overbought status in its daily Relative Strength Index. Tron price forecast sets a likely scenario of a price correction, fueled by recent news related to Circle’s decision to abandon Tron. In this context, TRX price may test the $0.10 psychological support as investors start migrating USDC from the network. Nevertheless, cryptocurrencies are unpredictable assets, and Tron price could find higher support if its ecosystem manages to find relevant demand on other fronts. Investors must be cautious in the following days and expect volatility. In closing, it is worth mentioning Circle declared an intention to offer native USDC services on new promising blockchains. Curiously, Radix Works recently added Lindsey Lim to its board of directors. Lim is a former senior director at Circle, which has sparked rumors about a future USDC implementation on Radix (XRD). #Write2Earn #TRX $TRX

about 8 hours ago
Hamza Traders
Hamza Traders
followers

If Jasmy Hits $0.1, Will You Become a Millionaire If Jasmy reaches a price of $0.1. it would indeed be an exciting development for investors! However, let's break down the numbers to see how it might impact your wealth: 1. Current Situation: - As of now, the price of Jasmy is not at $0.1. It's essential to consider the current market value. - Please note that cryptocurrency prices are highly volatile, and they can fluctuate significantly within short periods. 2. Jasmy's Price Predictions: - Various predictions exist for JasmyCoin (JASMY). Let's explore some scenarios: - According to one analysis, the minimum price for JasmyCoin in February 2024 is estimated to be around $0.0085 with an average trading price of approximately $0.0087. The maximum predicted price for that month is $0.0104. - Another prediction suggests that if Jasmy grows at a rate similar to the internet's adoption phase, its price one year from now could be around $0.0105. - There's also speculation that Jasmy's price could reclaim its nearly $5 peak and potentially hit another record high in the future². 3. Your Millionaire Scenario: - If you were to become a millionaire by holding Jasmy, you'd need to calculate how many Jasmy tokens you currently own. - Let's assume you have Jasmy tokens. To reach a total value of $1,000,000: - jasmy Current Price = $1,000,000 - Solving for Jasmy: - jasmy= $1,000,000 / Current Price 4. Conclusion: - If Jasmy reaches $0.1, you'd need to hold a substantial number of tokens to become a millionaire. - Keep monitoring Jasmy's progress, stay informed, and make informed decisions based on your investment strategy. Remember that investing in cryptocurrencies carries risks, and it's essential to do thorough research and consult with financial advisors before making any investment decisions. 🚀🌟 #Jasmy $JASMY

about 10 hours ago
Coinstages
Coinstages
followers

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

about 10 hours ago
Learn_With_Fullo
Learn_With_Fullo
followers

Amid concerns over the alarming depreciation of the Nigerian currency, the government is considering measures to restrict access to online platforms of major cryptocurrency firms like Binance. Officials reveal that this move is prompted by perceived manipulation of the forex market and illicit fund movements, which are exacerbating the currency’s decline.Reports indicate that platforms such as Binance are being exploited by currency speculators and money launderers. This is significantly contributing to the devaluation of the naira. The government is alarmed by this trend and is contemplating stringent actions against these crypto firms.Binance’s Compliance MeasuresIn response to regulatory pressures, Binance has taken steps to comply with local regulations in Nigeria. It has imposed a cap on the selling price of certain tokens to align with directives from local authorities and demonstrate cooperation with regulatory bodies.Despite Binance’s efforts, some traders are finding ways to circumvent these restrictions by turning to alternative exchanges. This poses challenges for regulatory authorities in their efforts to combat illicit financial activities facilitated by crypto platforms.Collaborative Efforts and ConcernsCollaborative efforts between Nigeria’s security agencies and the Central Bank underscore the seriousness of addressing forex speculation. It also addresses its impact on economic stability. A senior executive at the Central Bank expressed concerns over the role of platforms like Binance in misleadingly devaluing the naira in global markets, exacerbating inflation and economic instability.Furthermore, the proliferation of money laundering and terrorist financing through crypto exchanges underscores the urgency of regulatory intervention to safeguard Nigeria’s financial integrity and national security.Balancing Innovation and RegulationAdditionally, recognizing the role of crypto firms in driving innovation and financial inclusion is pertinent. The government emphasizes the importance of adherence to regulatory standards to mitigate risks and safeguard financial stability. Nigeria’s contemplation of a clampdown on crypto firms reflects a global trend of regulatory scrutiny. It primarly aims at ensuring accountability and transparency in the cryptocurrency ecosystem.As the debate over crypto regulation intensifies, Nigeria’s efforts to address challenges posed by these firms signal a proactive stance toward safeguarding financial sovereignty and promoting sustainable economic growth. #Nigeria #dyor

about 10 hours ago
The Cryptonomist
The Cryptonomist
followers

Charles Hoskinson, co-founder of Cardano and Ethereum, in a recent video published on his personal account X, stated that he is concerned about the growing influence of legacy systems from traditional finance on the crypto world. In particular, the American computer scientist and entrepreneur is concerned about the expanding dominance of the famous collateral-backed stablecoins, which cover the largest share of trading volume on crypto exchange platforms. All the details below. Cardano: Hoskinson warns the crypto sector about the influence of legacy systems Charles Hoskinson, a historical figure in the crypto sector for his contributions as co-founder of the Cardano and Ethereum blockchains, recently expressed his concern about the widespread influence of legacy systems on the cryptographic world. In a video dated February 12 titled “Legacy is Eating Crypto,” published by Hoskinson himself, the computer scientist spoke about the need for the crypto community to reject the threats of centralized systems typical of traditional finance. Legacy is Eating Crypto https://t.co/36mn4sltef — Charles Hoskinson (@IOHK_Charles) February 12, 2024 In detail, he pointed the finger at the sector of stablecoins covered by guarantees, such as USDT and USDC, which are taking a dominant position in the digital asset market. The founder of Cardano has emphasized how although stablecoins represent only about 10% in value of the total market capitalization of the entire crypto industry, these absolutely dominate the volume of on-chain transactions, covering about 70% of the total market share. As literally described by himself, the influence of these resources takes on greater importance compared to that of BTC and ETH. “So, from a cryptographic point of view, Ethereum and Bitcoin take a back seat compared to USDC and USDT“. Stablecoins, as Hoskinson argues, are centralized by central control imposed by various international jurisdictions, and could have a negative impact on the future of cryptocurrencies. This centralized influence could indeed dictate the direction of DeFi economies, undermining the decentralized essence on which the sector itself is based. Hoskinson proposes as an alternative solution the so-called algorithmic stablecoins, governed by on-chain algorithms and free from the influence of central authority, being more in line with the decentralized ethics of crypto. The problem for this kind of resources is that, having a past stained by the downfall of the algorithmic stablecoin UST, they are now struggling to gain the trust of investors and are generally considered “very risky”. This concern of the host Cardano is added to that related to the influence dictated by the arrival of Exchange Traded Funds (ETF) bitcoin spot on Wall Street. The new Fund Managers who are offering exposure to bitcoin to their clients could further centralize a sector that is increasingly moving in this direction, with the latest regulations in the USA and Europe pushing for a move away from open source and anonymity (see cases Tornado Cash and Monero). The essence of Hoskinson’s message is therefore a general warning against the potential slide of the cryptocurrency sector towards centralization and control by pre-existing financial entities. At the end of the video where he expressed his thoughts, he closes with an emblematic phrase: “You should be able to participate in markets without fear of censorship and exclusion. This is the foundation of the revolution that cryptocurrencies are, and none of this means anything if we hand over all these things to legacy actors.” The state of the Cardano market in 2024 While Charles Hoskinson is concerned about the risks arising from the influence of legacy systems in the crypto world, his Cardano blockchain is growing at a very fast pace but still lags far behind the rest of the sector. According to a recent study by the web3 research company Messari, Cardano’s TVL in Q4 2023 increased by 166% compared to the previous quarter, recording a +693% on an annual basis. The locked capitals within the network remain very small compared to the rest of the resources present on Ethereum, Tron, Solana, BSC, Arbitrum, etc. Cardano is in fact ranked 14th on the list of chains with the highest TVL, with a total value of 384 million dollars, even lower than that of the layer-2 Base. The value of ADA has increased by 127.2% on a quarterly basis, surpassing the overall increase of the cryptocurrency market by 53.8%, but still remaining significantly overshadowed compared to the price action of Bitcoin. We notice that compared to a year ago, the ADA/BTC ratio is lower by about 28%, while the ADA/ETH ratio is depreciating by 14%. The development of recent technological innovations is helping Cardano to stand out in the strong competition of cryptocurrencies, where the influence of external investors is strongly felt. The recent specifications released for the Midnight sidechain and the evolution of infrastructures like SanchoNet, Hydra, and Mithril are well received by the Cardano crypto community but do not solve the gap between the DeFi of other chains and that of the Hoskinson network. The development of decentralized applications on Cardano is indeed very behind compared to the rest of the sector. However, the decentralized network records encouraging signals from the point of view of average daily transactions, which have increased by 10.9% on a quarterly basis, giving a glimmer of hope for the future. The metric of active addresses is also constantly growing from last year, suggesting that experienced users are increasing and could multiply over time. Overall, the Transactions/Active Addresses ratio for the fourth quarter, equal to 1.60, increased by 9.2% on a quarterly basis and by 45.0% on an annual basis.

about 10 hours ago
黄粱一梦
黄粱一梦
followers

Refer to the gold pit in March 2020. The overall decline has returned to the original point. The entire altcoin market has shrunk by more than 86%. Think about 1w turning into 1400. This is such a terrifying trend, especially after BTC has risen for a year and there is no cash. A 2-band or 4-band correction is considered a normal level, but it will have a huge impact on the market of copycats. What is explained today is that this is equivalent to a glass half full of water, half of which is opportunity and half of which is risk. The key is how you view this risk. What you cannot always consider is profit. When the flowers fall, what will come will definitely be Depression everywhere. Therefore, this year's battle is much more difficult than in the past. We must not only ensure existing profits, but also create profits, and not be buried by a golden trap in the market. We must consider many aspects of things, which is a bit like a wolf. To grab some food from the wolf's mouth, you have to take action when there is meat in the wolf's mouth, but also get out before the wolf is about to eat the piece of meat. #内容挖矿 #BTC

about 12 hours ago
Coinpedia
Coinpedia
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The post Next Crypto to Hit $1 in 2024: Our 4 Top Picks appeared first on Coinpedia Fintech News The cryptocurrency sector is preparing for a significant rally in 2024, anticipated to be a pivotal year for digital currencies. Industry specialists are keenly observing the SEC’s approval of Bitcoin Exchange-Traded Funds (ETFs), coinciding with the Bitcoin Halving event. Experts have forecast that Bitcoin could surpass the $100,000 mark within the year.  Key Insights: Bull run prediction in the crypto market in 2024. Symbols of the $1 mark. Top 4 cryptocurrency picks. $PIKA’s GameFi potential. Shiba Inu’s journey to $1. Cardano and Dogecoin current market values. In the event of another bull run in the crypto market similar to the one seen in 2021, we can expect significant excitement. During this time, many tokens will experience substantial price increases, resembling the rapid ascent of fireworks on New Year’s Eve. Hitting the $1 mark in cryptocurrency is significant for both investors and enthusiasts. It symbolises the potential for a cryptocurrency to have a significant impact and change the industry. As we enter into the world of digital currency, the question on everyone’s mind is: which cryptocurrency will be the next to reach $1 in 2024? Let us now explore the top 4 cryptocurrencies that are currently performing well and are predicted to experience major growth in 2024. Top 4 Crypto Under $1 That Will Explode The excitement surrounding discovering the next crypto to hit $1 isn’t solely about luck or guesswork; it’s about grasping the ins and outs of market trends and technological progress.  In the fast-paced world of cryptocurrency, opportunities for substantial gains are always present due to the rapid changes. This constant flux makes the search for the next cryptocurrency to reach a value of $1 particularly enticing. Pikamoon ($PIKA) In the growing GameFi industry, proactive investors are on the lookout for promising opportunities in blockchain gaming. This search for potential gems involves identifying crypto tokens valued under $1 with the potential for substantial growth and impressive returns. New gaming tokens like PIKA, the native token of Web3 game Pikamoon, are gaining considerable interest. PIKA isn’t just an ordinary digital token– it’s the backbone of Pikamoon, a cutting-edge 3D Play-to-Earn (P2E) Web3 game that’s set to revolutionise the gaming landscape. And with the 2024 bull run on the horizon, PIKA, the rising star of GameFi tokens, is gearing up to blaze its own trail of success, following in the footsteps of other GameFi giants. With a humble token price of just $0.0006 during its ongoing Presale (which, per its website’s countdown, will end in April), the token will launch with a promising market cap of $10 million, therefore offering great scope for growth. In turn, Pikamoon then holds promise to become the next Axie Infinity – and then some. With PIKA being listed on centralized crypto exchanges, accessibility and investor confidence are expected to increase significantly. Investors will be able to easily purchase and secure PIKA tokens using popular ETH wallets such as MetaMask or Ledger, which will also contribute to Pikamoon’s liquidity and expansion. With the 2024 bull run looming large, the future has never looked brighter for projects like Pikamoon. Early investors are primed to seize the moment and dive headfirst into the exhilarating world of crypto gaming, where Pikamoon’s AAA gaming concept and abundant earning opportunities shine like beacons of promise. Pikamoon is a platform that combines gaming and decentralized finance, providing opportunities to make your dreams come true in the crypto world. If you are looking for a chance to join this exciting adventure, Pikamoon is the place for you. Shiba Inu ( $SHIB ) After more than doubling in 2023, it seems like the cryptocurrency market has finally thawed from the harsh crypto winter. With renewed optimism and the possibility of a bull market on the horizon, it’s time to take a closer look at one of the standout performers from the last crypto boom: Shiba Inu (SHIB). Back in 2021, when almost every cryptocurrency was skyrocketing, Shiba Inu burst onto the scene and stole the spotlight. With an astonishing growth of over 28,000,000%, this meme coin now sits as the 19th most valuable cryptocurrency globally. And its next big target? Hitting that coveted $1 mark. But can it pull it off? Cryptocurrency prices are influenced by various factors, but there’s no one-size-fits-all formula for predicting them. Generally, the value of a cryptocurrency tends to rise with demand, often driven by the innovative ways people can use the currency. Surprisingly, they’ve made some significant headway. Today, Shiba Inu holders have more options than ever, with the token being used for things like yield farming, buying and selling non-fungible tokens (NFTs), and various applications within the decentralised finance (DeFi) ecosystem.  And there are even plans in the works to launch a Shiba Inu-based metaverse – talk about ambitious! But let’s not forget about speculation – it’s a big player in the crypto game. During the last bull market, Shiba Inu’s surge was largely fueled by speculation rather than any standout features or practical uses. However, things have been changing. Over the past couple of years, the developers behind Shiba Inu have been hard at work, aiming to enhance its utility. Their goal? To shift Shiba Inu away from its meme coin status and toward a more serious contender. Will Shiba Inu Coin Reach $1? Based on the current calculations, for Shiba Inu to hit the $1 mark by 2030, it would require an astronomical rally of more than 12,400,000% from its current token price. While there are potential catalysts that could ignite a strong bullish run for this meme cryptocurrency, achieving such an ambitious target price seems virtually impossible. In my view, the likelihood of Shiba Inu reaching $1 by 2030 is slim. The sheer volume of tokens in circulation presents a significant obstacle, and even with various use cases, it’s improbable to sustain such a high price. However, if there were a substantial burn of tokens, perhaps in the range of 95-99%, this could make the $1 target more attainable. Cardano ( $ADA ) Cardano, sometimes called the “Ethereum killer,” is a special type of blockchain. It runs on a system called proof-of-stake. The goal of Cardano is to help people who want to make positive changes in the world, like inventors and thinkers. The idea for Cardano came from Gerolamo Cardano, an Italian thinker. People started working on Cardano in 2017. The folks who made Cardano say it can do cool things. For example, it can help create apps and contracts that work without a central authority. They also say it’s designed to be flexible and easy to use. One big event for Cardano was when Charles Hoskinson said they would make a big change called the Alonzo hard fork in August 2021. After that, the price of Cardano went up a lot. Right now, one Cardano coin is worth about $0.58, and there are a lot of them out there. The total supply is 45 billion coins, but only about 34 billion are being used right now. DogeCoin ( $DOGE ) Dogecoin is a fun cryptocurrency that got its name from a popular internet meme featuring a cute Shiba Inu dog. The coin’s creators, Jackson Palmer and Billy Markus, made it as a lighthearted project inspired by the meme. It all started in December 2013 when Dogecoin split off from another cryptocurrency called Litecoin. Unlike Bitcoin, Dogecoin uses a different method called Scrypt technology for its mining process. This allows for faster and more accessible mining. Plus, since 2014, you can mine both Dogecoin and Litecoin at the same time. Right now, one Dogecoin is worth about $0.086, and there are a lot of them in circulation—over 132 billion! However, we don’t know the total number that will ever exist. Dogecoin’s popularity has grown a lot, and it’s become a favourite among many cryptocurrency fans for its friendly and humorous vibe. Finding the Hidden Gem! Discovering hidden gems requires both artistic flair and scientific precision. While there are many promising options in the crypto world for 2024, one stands out as a potential game-changer: $PIKA.  In the era of GameFi, where billion-dollar tokens reign supreme and GameFi projects are locking in billions, $PIKA emerges as a frontrunner.  With its innovative GameFi concept and the recent surge in GameFi’s popularity, $PIKA is set to explode onto the scene. Its integration with Pikamoon’s progressive 3D P2E game sets it apart, offering investors not just a token, but a ticket to the forefront of the gaming revolution. Additionally, it has scope to amass a $1+ billion market cap, as did the likes of Axie Infinity, The Sandbox, and Illuvium in 2021. As the crypto market continues to expand, driven by evolving regulations and increasing adoption, $PIKA represents an opportunity for savvy investors to capitalise on the next big thing. Whether you’re an expert  trader or new to the game, recognizing the potential of $PIKA is key. So, don’t overlook the obvious – seize the chance with $PIKA whilst it’s still at only $0.0006 during its Presale…because come April, the token will be listed and prices will become a lot steeper.  Next Crypto to Hit $1- FAQ What is GameFi and how does it differ from traditional gaming? GameFi refers to gaming platforms built on blockchain technology that offer players the ability to earn cryptocurrency while playing. Unlike traditional gaming, where players typically spend money on in-game purchases without the possibility of financial return, GameFi integrates decentralised finance (DeFi) elements, enabling players to earn rewards or even trade in-game assets for real-world value. What is Pikamoon and how does it utilize cryptocurrency? Pikamoon is a 3D Play-to-Earn (P2E) Web3 game that leverages blockchain technology and cryptocurrency. Players can earn its native PIKA token by participating in various in-game activities, such as completing quests, battling opponents, or owning virtual assets within the game. These tokens can then be traded on crypto exchanges or used within the Pikamoon ecosystem. Is Shiba Inu likely to reach $1 in value by 2024? While there is speculation surrounding the potential future value of Shiba Inu, reaching $1 by 2024 seems unlikely based on current market conditions and tokenomics. Factors such as the total supply of tokens in circulation and the utility of the coin will heavily influence its price trajectory. However, the cryptocurrency market is volatile and subject to rapid changes, so it’s essential to monitor developments closely. What distinguishes Cardano from other blockchain platforms like Ethereum? Cardano is often referred to as an “Ethereum killer” due to its unique features and design philosophy. Unlike Ethereum, which currently operates on a proof-of-work consensus mechanism, Cardano utilises a proof-of-stake system, offering increased scalability, energy efficiency, and security. Additionally, Cardano aims to provide a more accessible and flexible platform for building decentralised applications (dApps) and smart contracts. What makes Dogecoin popular despite its origins as a meme coin? Dogecoin’s popularity stems from its vibrant and welcoming community, as well as its association with internet culture and memes. Despite initially being created as a lighthearted project, Dogecoin has gained widespread acceptance as a legitimate cryptocurrency due to its fast transaction speeds, low fees, and ease of use. Additionally, its charitable initiatives and community-driven projects have further cemented its place in the crypto space.

about 15 hours ago
Crypto友良
Crypto友良
followers

In every bull market in the currency circle, there is a hot spot that drives the bull market. At the beginning of 2017, the price of Bitcoin was around US$1,100. By the end of the year, it soared to US$19,000, an increase of 1,700%. The ICO hotspot at that time was quite crazy. Then due to policy reasons, the currency circle began to be cracked down, causing the price of Bitcoin to begin to plummet. In 2018, we fell into a short-lived bear market. A BCH war plunged the currency circle into silence and caused trust issues. At the end of 2018, the price of Bitcoin plummeted to around US$3,600. In 2019, three leading IEO hotspots emerged, and the story began to reach a climax again, with the price soaring to around US$13,000. Although it was not as good as the bull market in 2017, the growth rate during the year also exceeded 300%. The 312 incident in 20 years can be said to be quite panic. Whether it is mining farms, investors, or even people in the chain industry, they almost lost hope in the market. However, since 312 plummeted to around $4,000, Bitcoin with 4-digit dollars has never been seen again. In 2020, Binance began to build a currency ecosystem, the DEFI hotspot headed by BNB began, the bsc chain was born, decentralized trading officially began, and unisawp trading became popular, which greatly boosted market popularity, hundreds of times and thousands of times. Hundreds of thousands of times coins began to explode. The price of Bitcoin has only risen, never falling, from US$4,000 in 312 to US$4,000 in early 21, an increase of up to 1,000% After a brief correction at the beginning of 21, it has been advancing rapidly. The DEFI ecosystem has reached a climax. Various exchanges have begun to promote their own ecology, such as OK chain, Huobi chain, GT chain, and of course Ether smart contracts. The market popularity has reached a climax, with Dogecoin. Based on the "zoo" full-scale outbreak. At the end of 21, Bitcoin was pushed to a crazy level close to $70,000. Judging from the lowest level of $30,000 during the year, the increase was more than 200%. Subsequently, whether it was the impact of various policies or the capital withdrawal of some major firms, the price of BTC began to decline, all the way down to around US$16,000 at the end of 2022. At the beginning of 2023, hot spots continued. Web3 content led by Ouyi became popular, and a new ecology was created using the BTC chain. Like NFT in 2003, casting inscriptions on the BTC chain became a new hot spot. BTC grew significantly and gas fees increased. Online miners made a lot of money, and the price of Bitcoin soared to 45,000 US dollars. Compared with the growth during the year, the increase also exceeded 200% #热门话题 #BTC $BTC

about 17 hours ago
Coinpedia
Coinpedia
followers

The post Crypto Bull Run 2024: Is Altcoin Season coming? Here’s What You Need to Watch! appeared first on Coinpedia Fintech News Cryptocurrency analyst Crypto Capital Venture recently discussed the potential for an altcoin season, suggesting that it has not yet arrived based on historical trends. In a recent video, the analyst explained that while some altcoins may be showing gains, the true altcoin season is yet to occur. While altcoin season has not arrived yet, the analyst suggested that it could be fast approaching, especially considering the current market trend and the potential for Bitcoin to break through key resistance levels shortly. He explained that Bitcoin has approached the bull market doors but has not yet broken through them. This is a crucial aspect to consider when discussing the onset of altcoin season. For altcoin season to commence, Bitcoin must consistently close its weekly candles above approximately $57,000.  Hypothetically, if Bitcoin were to breach these bull market doors in the coming weeks, it would provide an opportunity to compare its performance with altcoins like Cardano (ADA) and Ethereum (ETH). In November 2020, when Bitcoin broke similar resistance levels, there was a noticeable effect on Bitcoin dominance, which declined as altcoins surged. This trend was particularly evident in ADA and ETH, which saw significant gains compared to Bitcoin. Drawing parallels with previous cycles, the analyst pointed out that Bitcoin has not yet broken through these bull market doors in the current cycle. However, there are indications that such a breakthrough could happen soon, potentially leading to a surge in altcoin prices. Using historical data from previous cycles, the analyst highlighted the importance of monitoring Bitcoin’s price movements and the impact on altcoins. Investors can anticipate the onset of the altcoin season by observing patterns such as Bitcoin dominance trends and altcoin performance relative to Bitcoin. At the time of writing, Bitcoin is trading at $51,500.

about 18 hours ago
加密宝藏
加密宝藏
followers

🎉Countdown to 60 days! Bitcoin halving is coming! 🎉 Hello everyone! Today I bring you a big news: According to BTC.com, the current block height is less than 60 days before the Bitcoin halving time! Yes, you heard it right, there are less than two months left until the Bitcoin halving! This is undoubtedly exciting news for our friends who follow the encryption market! 😃 So, what exactly is the Bitcoin halving? Simply put, every 210,000 blocks, the production of Bitcoin is halved. This means that Bitcoin rewards for mining will be reduced, thus affecting the total supply of Bitcoin. The next Bitcoin halving is expected to occur in April 2024, when the block height will reach 840,000 and the block reward will drop from the current 6.25 BTC to 3.125 BTC. So, what impact does the Bitcoin halving have on us? First of all, Bitcoin halving means that mining difficulty will increase and mining profits will decrease. This is undoubtedly a big challenge for miners, but it also means that the scarcity of Bitcoin will further increase, which may drive up the price of Bitcoin. Of course, market trends are always full of variables, and we need to pay close attention to subsequent developments. In addition, the Bitcoin halving will also have an impact on the entire crypto market. On the one hand, the Bitcoin halving may trigger market attention and heated discussions, thereby driving the prosperity of the entire crypto market; on the other hand, the Bitcoin halving may also cause some miners to switch to other cryptocurrencies, further promoting the development of a diversified market . In short, the Bitcoin halving is an important event worthy of our attention. In the next 60 days, let us look forward to the surprises brought by the Bitcoin halving! Here, everyone is also welcome to share your views and predictions on Bitcoin halving in the comment area, and let us discuss the future of the encryption market together! 💬

about 20 hours ago

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