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Crypto Web3 Today
Crypto Web3 Today
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Litecoin Price Analysis: A Closer Look at Market Trends. While the rise in the cryptocurrency market pleases investors, a segment of crypto assets continues to stagnate. Litecoin (LTC) price is above the long-term support level but continues to trade within a short- term bearish formation. LTC price has been trading without significant volatility for about a year. So, how much longer will this trend continue? Litecoin Weekly Chart Analysis. The weekly time frame technical analysis shows that LTC has been increasing along a rising support trend line since June 2022. Since August 2023, the trend line has been confirmed six times (green symbols) but has failed to initiate significant bullish movements. The trend line has been in existence for over 620 days. Additionally, the LTC price is trading above a long-term horizontal support area. Similarly, the weekly Relative Strength Index (RSI) continues to show uncertainty. Market investors prefer to use the RSI level as a momentum indicator to determine overbought or oversold conditions and decide whether to accumulate or sell an asset. Litecoin Daily Chart Analysis. While the weekly time frame provides an ambiguous reading, the daily chart continues to show a downtrend due to LTC price movements. Since September 2023, the movement has been within an ascending parallel channel, indicating that the rise is corrective. Significant overlaps within this formation also suggest a corrective increase. Currently, the LTC price is trading at the lower end of the channel, and the RSI has dropped below 50. If LTC breaks out of the channel, it could fall to the next nearest support at $58, a 15% decrease. However, a rise above the channel's mid-line could trigger a 16% increase towards the $80 resistance trend line. On the social media platform X, many cryptocurrency investors and analysts are optimistic about the future trend of LTC. CryptoSurf, shared a long-term fractal with followers, indicating that LTC price has just started a long-term bullish cycle.

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

2 days ago
TopCryptoNews
TopCryptoNews
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The company that wants to scan your eyeballs for some cash is flying high, along with other projects connected with artificial intelligence. Worldcoin, a cryptocurrency initiative led by OpenAI CEO Sam Altman, has soared to unprecedented heights—joined in flight by a dozen other AI-related tokens and stocks. Worldcoin's WLD digital currency registered a remarkable 21% price increase in the past 24 hours, catapulting from $7.08 to an all-time high of $8.96 per token—before settling at a robust $8.20 at the time of writing, according to CoinGecko. The leap marks a staggering 300% appreciation in February alone, a month that began with WLD valued at a mere $2.20. Worldcoin's big pitch is to be the primary decentralized digital identification platform that gives every person on the planet the ability to prove their humanity—distinguishing real people from bots or AI algorithms. To achieve this, Tools for Humanity, the startup behind the protocol, developed World ID, a privacy-centric solution that allows users to confirm their "humanness.” This verification process relies on the Orb, an iris-scanning device that creates a unique IrisCode for each user. This code, akin to a fingerprint, is stored on a decentralized blockchain, ostensibly protecting it from fraud. As dystopian as it sounds, people are piling up to present their eyes to the Orb and registering their iris. The World App, the project's first wallet, surpassed 1 million daily users this week. The idea has gained traction, especially among young people and citizens in developing countries in which the payment they get in exchange for registering their identities is valuable enough to be significant secondary income. The excitement isn't confined to Worldcoin alone. The broader AI token market is also ablaze, with notable projects like The Graph, Ocean, and Render Protocol seeing over 50% gains in the last seven days. Fetch AI is up by 75%, the lonh-forgotten Golem went up 68%, and SingularityNET recorded a 120% increase. The AI fervor extends to the stock market as well, which was already buoyed by Nvidia's announcement yesterday of record profits. Nvidia's stock (NASDAQ:NVDA) has risen 16% since then, achieving a near 30% increase in February to reach an ATH of $785. Other tech giants, including AMD and Microsoft, have also seen significant upswings, with AMD (NASDAQ:AMD) experiencing an 11% spike today and Microsoft (NASDAQ:MSFT) enjoying a 3% rise. Meta, not to be left behind, has climbed almost 4% today, contributing to its 25% growth over the month. All of these stocks are flirting near their all-time high prices. The resurgence of interest in AI has been a driving force behind the recovery of the S&P 500 since last year, with technology companies the focus of discussions among analysts. A spike in related searches in Google Trends further indicates a widespread fascination with AI and its potential impact on the cryptocurrency market and the broader financial landscape. $WLD #WLD #Write2Earn #TrendingTopic

2 days ago
Coinpedia
Coinpedia
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The post Shiba Inu wallet holding $13,000,000 SHIB makes partial exit for a new viral coin set to perform better in 2024 appeared first on Coinpedia Fintech News In the world of cryptocurrency investments, strategic moves by prominent holders often draw significant attention. Recently, a wallet holding a substantial amount of Shiba Inu tokens, worth approximately $13,000,000, made headlines by announcing a partial exit strategy. The decision was driven by the pursuit of new opportunities in the crypto market, particularly focusing on a promising viral coin poised to outperform in 2024. This article delves into the details of the Shiba Inu holdings, the partial exit strategy, and the exploration of new opportunities with Retik Finance, while also examining the factors driving the decision and why the chosen coin is expected to perform better in the coming year. Shiba Inu Holdings and Partial Exit Strategy The decision to partially exit a significant Shiba Inu (SHIB) holding worth $13,000,000 marks a strategic manoeuvre by the wallet owner to diversify their crypto portfolio and explore alternative investment avenues. Shiba Inu, a meme-based cryptocurrency inspired by the popular Dogecoin, gained immense popularity in 2021, attracting a large community of investors with its meme-centric branding and potential for high returns. However, as the crypto market continues to evolve, investors are increasingly seeking opportunities beyond meme coins, driving the need for strategic portfolio adjustments. The partial exit strategy involves selling a portion of the SHIB holdings while retaining a strategic stake in the token. This approach allows the investor to realise profits from their initial investment in Shiba Inu while maintaining exposure to potential future gains. By reallocating a portion of their funds to other promising assets, the investor aims to optimise their portfolio for long-term growth and risk management. Exploring New Opportunities with Retik Finance One avenue for exploring new opportunities in the crypto market is through innovative blockchain projects like Retik Finance. Retik Finance is a revolutionary platform that seeks to bridge the gap between the traditional fiat and cryptocurrency worlds, offering individuals, enterprises, and institutions seamless access to a wide range of financial services. By leveraging cutting-edge technologies such as blockchain and decentralised finance (DeFi), Retik Finance provides users with a secure, transparent, and efficient ecosystem for managing digital assets and conducting financial transactions. The decision to explore opportunities with Retik Finance aligns with the investor’s objective of diversifying their crypto portfolio and tapping into emerging trends in the market. By engaging with innovative platforms like Retik Finance, investors can gain exposure to new asset classes, liquidity pools, and investment strategies that may not be available through traditional channels.  Additionally, by participating in the growth of promising blockchain projects, investors can contribute to the development of the crypto ecosystem while earning attractive returns on their investments. Factors Driving the Decision Several factors have influenced the decision to partially exit from Shiba Inu Holdings and explore new opportunities with Retik Finance. Firstly, the evolving nature of the crypto market necessitates adaptability and strategic portfolio management. While Shiba Inu experienced significant growth in 2021, the investor recognizes the importance of diversification and risk mitigation in achieving long-term financial objectives. Secondly, the emergence of innovative blockchain projects like Retik Finance presents compelling opportunities for investors to capitalise on the potential of decentralised finance and blockchain technology. By participating in projects that are at the forefront of innovation, investors can position themselves for potential growth and value creation in the crypto market. Additionally, the decision to explore new opportunities with Retik Finance is driven by the platform’s commitment to transparency, security, and user empowerment. Retik Finance offers a wide range of financial services, including decentralised lending, borrowing, staking, and asset management, providing investors with access to a diverse array of investment opportunities within a secure and regulated environment. Conclusion The decision to make a partial exit from Shiba Inu Holdings and explore new opportunities with Retik Finance reflects the dynamic nature of the crypto market and the importance of strategic portfolio management. By diversifying their holdings and engaging with innovative blockchain projects, investors can optimise their portfolios for long-term growth and value creation. Moreover, by investing in coins with strong fundamentals and growth potential, investors can position themselves for potential gains in the evolving crypto landscape. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

3 days ago
Traderpro
Traderpro
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Analysis of Bitcoin market trends after the Spring Festival Looking back at the market situation before the Spring Festival: Before the Spring Festival in 2024, the price of Bitcoin experienced a strong rise, rising from US$38,545 to US$52,859, an increase of more than 37%. This rise is mainly due to the following reasons: Expectations for the Federal Reserve to raise interest rates have slowed, the U.S. dollar index has fallen, and risk assets have generally recovered. Macroeconomic data shows that the risk of recession in the United States has declined, and investors are more optimistic about the economic outlook. Cryptocurrency market sentiment is picking up, with more institutional investors entering the market. Market forecast after the Spring Festival: After the Spring Festival, the Bitcoin market may have the following trends: 1. Continue to rise: If the Fed slows down its rate hikes and the macro economy remains stable, Bitcoin prices may continue their upward trend. The target could be above $55,000 and even challenge $60,000. 2. Shock finishing: If market sentiment diverges, Bitcoin prices may fluctuate within the current range. The range is likely to be between $48,000 and $55,000. 3. Retracement decline: If expectations of the Federal Reserve raising interest rates increase and risk assets generally fall back, Bitcoin prices may fall during a correction. The magnitude of the correction could be between 10% and 20%. Influencing factors: Federal Reserve Monetary Policy macroeconomic data Cryptocurrency market sentiment Institutional investor trends Investment Advice: After the Spring Festival, investors can pay attention to the following aspects: Federal Reserve Monetary Policy Meeting Minutes U.S. nonfarm payrolls data Cryptocurrency market trading volume Institutional investor position report Investors are advised to control risks and not blindly chase the rise or fall. Please note that the above are only personal opinions and do not constitute investment advice. Investors should make investment decisions based on their own circumstances. #BTC $BTC

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

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

3 days ago
AZCoinNews
AZCoinNews
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Pantera Capital, one of the leading venture capital firms in the blockchain and cryptocurrency space, has published its latest monthly newsletter, in which it claims that the crypto market is entering a new bull market cycle that will last for another 18 to 24 months. According to Pantera, the current market conditions are favorable for crypto price growth, as several positive factors are converging, such as: The removal of some of the regulatory uncertainty that has been weighing on the crypto industry, especially in the US, where the SEC has approved the first Bitcoin exchange-traded fund (ETF) in October 2023, opening the door for more institutional and retail investors to access the crypto market.The halving of Bitcoin’s block reward, which is expected to occur in late April 2024, reducing the supply of new bitcoins by 50%. This is a historically bullish event for Bitcoin, as it creates a supply-demand imbalance that drives up the price. Pantera estimates that the halving will increase Bitcoin’s stock-to-flow ratio, a measure of scarcity, from 27 to 54, making it comparable to gold.The development of decentralized finance (DeFi) on Bitcoin, which is expanding the use cases and utility of the leading cryptocurrency. Pantera cites the example of Starknet, a layer-2 scaling solution that enables fast, cheap, and secure transactions on Bitcoin, as well as Arbitrum, a smart contract platform that leverages Bitcoin’s security and liquidity. Pantera also mentions the growing interest in real-world assets (RWAs) and their tokenization on the blockchain, which could create new opportunities for crypto investors and users. Pantera believes that these factors will create strong tailwinds for the next bull market, which it considers to be the fourth big cycle in crypto history. The previous cycles were: The first cycle, from 2009 to 2013, which saw Bitcoin emerge as a new form of digital money and reach a peak of $1,163 in November 2013.The second cycle, from 2013 to 2017, which witnessed the rise of altcoins, such as Ethereum, and the emergence of initial coin offerings (ICOs), as well as the first major crypto bubble and crash, with Bitcoin reaching a high of $19,783 in December 2017.The third cycle, from 2017 to 2021, which was marked by the development of DeFi, non-fungible tokens (NFTs), and stablecoins, as well as the adoption of crypto by mainstream companies, such as PayPal, Tesla, and MicroStrategy, and the second major crypto boom and bust, with Bitcoin hitting a record of $69,044 in November 2021. Pantera expects the fourth cycle to be driven by the maturation of the crypto industry, the innovation of new technologies and protocols, and the integration of crypto with the traditional financial system. Pantera’s investment portfolio reflects its bullish outlook on the crypto market, as it includes such projects as Starknet, Arbitrum, Near, Ondo, SynFutures, Circle, and others. Pantera concludes its newsletter by stating that “the absence of bad things” is a good thing for crypto, as it allows the market to focus on the positive developments and trends that are shaping the future of the industry. Source: https://azcoinnews.com/pantera-capital-crypto-is-entering-a-new-bull-market-cycle.html

3 days ago
Coinstages
Coinstages
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Worldcoin [WLD] nearly triples in value driven by interest in AI, reaching an all-time high of $8.59.Despite the growth, privacy and regulatory concerns challenge Worldcoin, with active investigations in several countries. Worldcoin [WLD], has nearly tripled in value in the past week, driven by enthusiasm generated by OpenAI’s text-to-video generation model, Sora. At the time of writing, WLD is trading at an all-time high of $8.59, according to CoinMarketCap data observed by ETHNews. Downtrend Ends This rally ends a long downtrend during which WLD fell 47% from its previous high of $4.2. This renewed interest in Worldcoin is also reflected in the daily usage of the World App, the wallet designed for the Worldcoin project, which surpassed 1 million users on February 18, setting a new record. ETHNews, upon further investigation with data from Santiment, noted an increase in other blockchain indicators. Daily transactions experienced a tenfold increase in the last week, while the rate of new address creation skyrocketed 16 times. Positive Market Sentiment In addition, the currency became a hot topic of discussion in social circles, with a dramatic increase in the number of mentions on major social media channels. Market participants began to view WLD optimistically, as the Weighted Sentiment rose above the negative region after a long time. Linked to the creators of disruptive AI projects, WLD has somehow become the tokenized representation of the broader AI market and emerging trends. Thus, the frenzy created by Sora soon began to be reflected in the coin’s market value. Challenges for Sam Altman Co-founded by OpenAI CEO Sam Altman, Worldcoin is a cryptocurrency project that seeks to become the world’s largest identity and financial network. The onboarding process involves iris scans, which, according to its creators, confirm the user’s humanity and eliminate the involvement of bots. In return, users receive free WLD tokens. However, data privacy concerns have limited the project’s growth. Several countries have launched investigations into the project’s biometric data collection, with Kenya even suspending the token in its jurisdiction. ⚠️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. #Worldcoin #WLD

3 days ago
Olivia Cryptocat
Olivia Cryptocat
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Solana (SOL) Whales Make Waves in Crypto Market In a surprising development, Solana (SOL) whales have made a significant impact on the cryptocurrency market. This major move, coupled with Solana's soaring Total Value Locked (TVL), is shaping the future of this dynamic cryptocurrency. As a leading public blockchain, Solana has been gaining traction in various sectors, including algorithmic stablecoins, NFTs, and GameFi. These strategic whale activities could potentially signal new trends for SOL amidst market fluctuations. Keep an eye on Solana and its developments as it continues to make waves in the ever-evolving crypto landscape.

3 days ago
CryptoNewsLand
CryptoNewsLand
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ADA’s resilience at $0.60 signifies significant psychological and technical support, historically pivotal for buyers and sellers. The stability around $0.60 may precede a bullish leap to $0.66, driven by investor confidence and positive developments in the Cardano ecosystem. Failure to breach $0.66 could lead to consolidation or retracement, while a breach could propel ADA toward the $0.70 resistance level. Cardano’s (ADA) recent price movement has captured the attention of investors, with the cryptocurrency hovering around the critical $0.60 mark.  This level is not just a number; it represents a crucial juncture where both psychological and technical factors converge. Over time, $0.60 has proven to be a battleground where buyers and sellers contend fiercely, demonstrating its significance in the market dynamics of ADA. The current steadfastness of ADA around this threshold suggests a robust sentiment among investors, indicating a strong base of support for the cryptocurrency. This stability serves as a foundation for potential upward momentum, with the next target set at approximately $0.66. Achieving this milestone hinges on various factors, including increased investor confidence, positive developments within the Cardano ecosystem, and broader market trends favoring altcoins. However, the path to $0.66 is not without its challenges. While the support at $0.60 provides a safety net for ADA, it also contributes to a tightening price range between $0.60 and $0.66. This squeeze necessitates a significant influx of buying pressure to overcome the upper resistance. Failure to breach $0.66 could result in a period of consolidation or even a retracement for ADA. On the flip side, a decisive breach above $0.66 could pave the way for further gains, potentially towards the $0.70 region. Conversely, if ADA fails to maintain the $0.60 support level, it might face a bearish downturn, with potential fallbacks to lower support zones, such as $0.55 or $0.50. Read also: XRP’s Decisive Moment: Breaking $0.75 Barrier for Bullish Reversal Cardano’s Surging Rally: Will ADA Break the $0.5 Barrier? Cardano Holds Firm Amid Market Volatility: Key Insights XRP’s Resurgence: Top Analyst’s Insight Sparks Hope Can XRP Overcome the $1 Barrier and Target $15? A Close Look at Bent Fork B The post Cardano’s Crucial Battle: Will ADA Surge Past $0.60 Barrier? appeared first on Crypto News Land.

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

3 days ago
朱老师区块链3000问
朱老师区块链3000问
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The Cryptocurrency Bull Market Will Begin in 2024: A Guide to Preventing Ten Mistakes Smart Investors Can’t Ignore! 1. FOMO mentality: think calmly and avoid impulsive investment When prices soar, investors often rush into the market due to FOMO to avoid missing out on opportunities. In the cryptocurrency market, it is far better to study calmly, pause to think, and buy carefully than to make hasty decisions. 2. Excessive leverage: act within your capabilities and avoid excessive debt Leverage can magnify gains, but it also increases the risk of losses when the bull market turns. Use leverage rationally to avoid the risk of excessive leverage. 3. Risk management: Set up stop-loss orders to protect investments In a bull market, risk management strategies such as setting stop loss orders and position sizing appropriately are crucial to prevent huge losses from market fluctuations. 4. Avoid Hype: Do In-depth Research and Stay Away from Rumor-Driven Decisions In a bull market, hype around a specific project or token prevails. Investors should stay away from making bad investment decisions based on rumors, social media trends, or celebrity endorsements. In-depth research is crucial. 5. Develop an exit strategy: exit decisively when the goal is achieved Having a clear exit strategy can help avoid losses whenever the market hits lows. Stick to your commitments and goals without overindulging. 6. Investment diversification: avoid concentration risk Diversify your investment portfolio across different cryptocurrencies or assets to reduce risk. 7. Take profits regularly: avoid being overly optimistic Excessive optimism will lead to failure. It is recommended to gradually accumulate profits and make profits regularly to avoid an overly optimistic mentality. 8. Independent research: avoid blindly following trends Don’t blindly follow the crowd, get to know the basics of your chosen asset. When the market is down, independent decision-making is far better than blind following. 9. Improve security measures: ensure asset safety Strengthen security measures by protecting your cryptocurrencies with strong passwords, keeping private keys safe, and avoiding storing funds on unsecured exchanges. 10. Avoid over-buying: buy rationally and don’t be swayed by hype and impulse. Overbought is common in bull markets. Investors should buy rationally and avoid being swayed by the impulse of speculation. Buy cautiously within the target range and stay away from the bull market hype trap. The intersection of the Bitcoin halving event in 2024 and the Ethereum 2.0 upgrade will set off a bull market trend.In order to successfully seize opportunities, smart investors must avoid the above ten common mistakes.

3 days ago
CryptoGlobe
CryptoGlobe
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Have you ever found yourself at the edge of the digital currency ocean, wondering how to dive into the swirling currents of Bitcoin? It’s a common place to be as cryptocurrency becomes a staple of modern financial discussions. Just like any other form of trading, there’s a need to grasp the essentials before you make the plunge. Whether it’s setting up a digital wallet to store your coins or finding the right platform for exchange, each step lays the foundation for a seamless experience. For many, dipping a toe in begins with a simple google of Bitcoin buy to survey the expanse of buying options and educational resources available. Discovering the basics of Bitcoin and its marketplace Bitcoin, often hailed as digital gold, carries an allure that draws in a multitude of curious individuals. It’s a decentralized currency, operating without the need for a central bank, over a network that’s both robust and inscrutable. This independence from traditional financial systems is what makes Bitcoin quite the catch for those looking to navigate the high seas of digital money. But before embarking on this voyage, it’s crucial to understand the markets. Fluctuations in Bitcoin’s value can be as unpredictable as the ocean tides, and learning to chart these movements is key to success. First steps to purchasing Bitcoin: setting up a wallet and choosing an exchange Every treasure needs a chest, and in the world of cryptocurrency, your treasure chest is a digital wallet. There’s a variety of wallets available, from software wallets that make daily transactions easy to hardware wallets that act like a personal vault. Once you’ve secured a place for your Bitcoin, the next point on the map is finding a suitable exchange. A good exchange is like a trusted port; it’s a gateway to the market and offers a place to trade confidently. Make sure it ticks all the boxes for security, user-friendliness, and support. After pairing your wallet with a reputable exchange, you’ll be ready to embark on your buying journey. Knowing the right time to buy: analyzing market trends without getting swamped Timing is everything in the open waters of Bitcoin trading. Catch the wave too late, and you might miss out on a profitable swell. Make your move too early, and you could find yourself paddling through a downturn. To navigate these waters effectively, many turn to market trends and analysis. Watching the flow of the market unfolds like an ongoing conversation, with prices responding to global events, technological advancements and shifts in investor sentiment. The ebb and flow of buy and sell orders can signal the best times to enter or exit the market if read correctly. Exploring the depths of cryptocurrency exchanges Choosing an exchange is akin to selecting the right vessel to traverse treacherous waters. A strong and reliable ship will keep you safe during storms and when seas are calm. An exchange’s security should be ironclad, able to protect your digital assets from the pirates of the cyber world. Liquidity is another significant factor; it ensures that your transactions are completed without delay, like a good wind that keeps your sails billowed. Additionally, user experience is the compass that guides you; an exchange should be navigable, letting you steer your trades with clarity and confidence. The art of secure digital asset trading In the world of cryptocurrencies, the golden rule is to secure your fortunes. Good password management and activating two-factor authentication (2FA) act as the armored hulls and canons against invaders. But dangers also lurk in deceptive emails and websites, just as storms conceal treacherous rocks. Phishing attempts and scams require a vigilant eye to avoid the fates of those who have watched their digital gold slip into the abyss. For security beyond the basics, consider cold storage or hardware wallets as the trusted islands where you can anchor your wealth away from potential threats. Setting sail on the crypto market Your journey in the crypto market will involve more than just favorable winds; it needs savvy navigation, too. Setting clear trading goals can be your North Star, guiding each decision with purpose and direction. A wise sailor knows the importance of diversification, as relying on a single trade wind can be risky. By diversifying your holdings, you can better weather the storms of market volatility. And it’s not just about selecting different cryptocurrencies. Effective use of charts and technical analysis serves as the map that reveals underwater currents, helping you to make informed choices en route. From understanding the tides of Bitcoin buying to charting a course in the volatile waters of the crypto markets, your journey will be one of constant learning and adaptation. Just like the ocean’s vastness, the opportunities and challenges in cryptocurrency are boundless. Keep your hand steady on the helm, your eyes on the horizon, and your sails ready to capture the winds of digital change.

3 days ago
Future Trading Expert - Tamil Nadu
Future Trading Expert - Tamil Nadu
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BTC & IBIT 15m chart Latest Update: 👉 Before BTC ETF trading, in the last 1 hour, BTC dropped from 51500 to 50967. BTC ETF trading opened 30 minutes ago. Let's see the current market sentiment. 👉 As per the 15m chart, BTC is still maintaining #BullishMomentum . BTC will rise soon, and 52,000 will come within 1-3 hours. BTC has been maintaining sideways trends, not entering strong bullish or bearish momentum. 👉 As per the 8H chart, BTC has maintained a very strong bullish momentum, preventing the entry of bearish momentum. I can't say now if BTC will drop more, but it might. If the 8H chart enters bearish momentum, BTC will likely drop in the range of 5000-8000$. 👉 As per the 15m chart, #ibit (iShare Bitcoin Trust) entered bullish momentum at 08:00 PM IST, 30 minutes ago. So IBIT can rise 2-4%, reaching around 29.87-30.46. IBIT is currently trading at 29.27. BTC market is also expected to rise 2-4%, reaching 52350-53400. 👉 Please trade with enough funds and avoid high-risk trades. Always keep your liquidation price at the 4000$ range. I will provide updates if any changes occur. Thanks for your support and love ❤️. Author: @KingofBTC2024 (For All) BXT

3 days ago
Crypto Daily™
Crypto Daily™
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In the recent crypto market development, Glassnode, a renowned on-chain analytics firm, brought attention to its "Altseason Indicator", a tool designed to discern if a so-called "altcoin season" is in full swing.  Altseason Indicator gauges investor sentiment towards risk, focusing on capital netflows among major asset classes like Bitcoin, Ethereum, and stablecoins, as well as the altcoin market cap's momentum relative to its 30-day Simple Moving Average (SMA). After a period of dormancy, the Altseason Indicator, which first signaled a risk-on mode last October, reignited interest by suggesting the return of the altcoin season. Amid this shifting landscape, Chainlink (LINK) and Litecoin (LTC), both renowned altcoins, showed remarkable resilience and growth. Despite a challenging week that saw them close in the red, these digital assets bounced back impressively. LTC saw a 7% increase, but it's LINK that stole the spotlight with a staggering 34% surge. This upward trajectory in a market that's just warming up to the idea of an altcoin season again adds a layer of intrigue and potential. Meanwhile, the crypto community is closely watching ScapesMania (MANIA), a project that has recently concluded its presale stage. With its Token Generation Event (TGE) and coming DEX listing on the horizon, MANIA is poised to expand its reach to a broader spectrum of crypto investors in the market that's seemingly ripe for altcoin advancements. 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 $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  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 PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. 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 <<< Chainlink (LINK): Inside the Whale-Influenced Surge Chainlink (LINK), a prominent player in the blockchain oracle space, has been exhibiting intriguing market behavior recently. A key point of interest is the substantial 175% surge in large transaction volume, reaching an impressive total of $338.96 million. This spike is a clear indicator of heightened whale activity, as evidenced by the jump from 6.17 million LINK in large transactions on February 19 to a staggering 17.65 million LINK the following day. Adding to the intrigue, the last 24 hours have seen mysterious movements of millions of Chainlink (LINK) tokens by these large-scale investors. Whale Alert, a service tracking large crypto transactions, reported notable movements, including a transfer of 4,314,062 LINK worth $79,065,694 to an unknown wallet and 2,402,942 LINK, valued at $46,491,692, moving from BlockFi to another anonymous wallet. Chainlink (LINK) Technical Analysis From a technical perspective, Chainlink (LINK) is currently trading between its first support level at $17.97 and its first resistance level at $19.26. This positioning is critical as it hovers near the Exponential Moving Averages (EMA) of 10, 50, and 200 days, all converging around $18.6 to $18.72, suggesting a consolidation phase. Source: TradingView The Relative Strength Index (RSI) stands at 32.14, pointing towards a potential undervaluation and possibly a buying opportunity. However, the Stochastic %K at 0 and the Commodity Channel Index (CCI) at -166.05 both indicate a short-term bearish sentiment. The Average Directional Index (ADX) at a low 20.32, combined with a nearly neutral MACD Level at -0.018 and a Momentum of -0.05, suggests a lack of strong directional trend in the immediate term. Chainlink (LINK) Price Prediction Considering these technical indicators, the bullish scenario for LINK would entail a break above $19.26, potentially catalyzed by continued whale activity and positive market sentiment. This move could target the next resistance levels at $19.92 and potentially extend towards $21.21. On the flip side, the bearish scenario would involve Chainlink (LINK) breaking below $17.97, influenced by negative market reactions or reduced whale activity. Such a move could see LINK testing further supports at $17.34 and then possibly at the significant level of $16.05. Litecoin (LTC): A Path of Resilience Litecoin (LTC), a pioneering altcoin known as the “silver to Bitcoin’s gold”, maintained its presence in the crypto space since its inception in 2011. Despite its legacy and the introduction of innovative features like MimbleWimble in 2022, LTC's market response has been relatively subdued. Recent times have seen a lackluster performance in Litecoin's (LTC) price action, leading to frustration among its holders. Litecoin Foundation managing director Alan Austin acknowledged this santiment, but emphasized their commitment to sound money principles over artificial market manipulation tactics. Despite Austin's call for collective efforts to boost Litecoin's (LTC) adoption and value, on-chain metrics present a mixed bag. While the number of transactions and network hash rate have hit all-time highs, there's been a noticeable decline in transfer volume and active addresses. This situation is further complicated by the historical context of Litecoin's founder, Charlie Lee, selling all his LTC at the peak of 2017's market, a move that some believe still impacts Litecoin’s (LTC) market relevance. Litecoin (LTC) Technical Analysis Technically, LTC is navigating a narrow range between its first support level at $68.12 and first resistance level at $73.78. Source: TradingView The 10-day EMA at $68.95, 50-day EMA at $69.77, and 200-day EMA at $69.53 are closely clustered around its current price, suggesting a lack of strong directional momentum. The RSI at 45.5, Stochastic %K at 43.09, and the CCI at -28.37 reinforce this narrative of indecision in the market. However, the ADX at 30.22 indicates a developing trend strength, albeit not very pronounced. The MACD at -0.45 and a negative Momentum value of -0.67 add to the complexity, implying that market sentiment is not decidedly bullish or bearish, but rather waiting for a more definitive signal. Litecoin (LTC) Price Prediction In a bullish scenario, if Litecoin (LTC) adoption increases and the community reacts positively to its steadfast adherence to the foundational principles, LTC can break above $73.78. A more notable shift in market sentiment can potentially lead to an upward trend toward the next resistance levels at $76.14 and $81.5. On the flipside, a break below $68.12 could see Litecoin (LTC) testing further supports at $65.42 and $60.06, possibly due to the ongoing concerns about its market relevance and the broader impact of market trends. Closing Words Chainlink (LINK) and Litecoin (LTC) have recently showcased their resilience in the unpredictable crypto market. LINK, with its staggering 34% surge, and LTC, experiencing a steady 7% rise, are navigating through a complex market environment highlighted by the Altseason Indicator's recent activity. Both Chainlink (LINK) and Litecoin (LTC) are positioned between key technical levels, reflecting a blend of investor uncertainty and potential for significant moves. As these altcoins respond to market dynamics and underlying technical indicators, investors and traders alike are keenly observing for signs of directional momentum in a market ripe with both opportunities and challenges. 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.

3 days ago

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