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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
Coinpedia
Coinpedia
BNB Price Continues to Surge – Will It Hit $400 This February?
3 days ago
CoinChapter
CoinChapter
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xrp price surge Read CoinChapter.com on Google News NAIROBI (CoinChapter.com) — XRP price surges immensely around the Bitcoin Halving euphoria if history is any indication. For instance, the XRP price boomed 30,405% eighteen months after the second Bitcoin halving on July 16, 2016. This surge outpaced Bitcoin’s relatively modest gains of 2,830% in the same period. XRP/USD historical price performance. Source: CoinMarketCap.com Similarly, the third Bitcoin halving on May 11, 2020, followed an XRP price surge of up to 1,100%. In comparison, Bitcoin price gained around 550% in the same period. XRP Price Surge Expectations Rise Due to ‘Altseason’ According to crypto intelligence platform Santiment, projects like $INJ, $RPL, $PLA, $STPT, and $BAT have all seen a surge in whale activity, with a significant increase in transactions exceeding $100,000. This suggests large investors are positioning themselves for potential gains in these altcoins as the Bitcoin halving on April 25 approaches. While #Bitcoin profits are being distributed to various #altcoins, several are showing signs of drawing whale interest. Projects such as $INJ, $RPL, $PLA, $STPT, and $BAT have recently seen much higher levels of transactions that exceed $100K+ in value. https://t.co/0QRy0kPRlN pic.twitter.com/rlPbaUVTR0 — Santiment (@santimentfeed) February 14, 2024 This development could also benefit XRP, which has historically experienced major price surges following Bitcoin halvings and is currently facing a potential resolution to its ongoing legal battle with the SEC – another event expected to impact its price significantly. The Bitcoin halving will reduce the BTC supply rate by half. The limited supply could drive up its price, leading investors to take profits off the table and reinvest in other cryptocurrencies, including altcoins, as we’ve seen in the past. Altcoin Whale transactions count chart. Sanbase As the Bitcoin halving approaches in April, XRP investors are also eyeing another significant event: the resolution of the ongoing legal battle with the SEC. Speculation is rife that the case could conclude the same month, fueling bullish sentiment among XRP supporters. A recent post by XRP Whale, a crypto analyst, hinted at the possibility, adding to the optimism surrounding XRP’s price surge. The convergence of these events in April is expected to intensify market activity and interest in XRP, potentially leading to notable price movements. The post XRP Price Surge After Bitcoin Halving 2024 is Miraculously Possible appeared first on CoinChapter.

3 days ago
Coinpedia
Coinpedia
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The post PancakeSwap and Uniswap Price Prediction: Will DEX Tokens Surge To New Highs? appeared first on Coinpedia Fintech News With the altcoins’ rising rank and a boom in the market cap of major coins, the crypto industry is gaining momentum. Further, as the market approaches $2 Trillion cap, the DEX tokens are resurging back into momentum.  With PancakeSwap (CAKE) and Uniswap (UNI) showcasing a trend reversal, the buyers are going out of control. So, let’s have a closer look at their charts. Will the CAKE price cross $4? Will UNI continue the uptrend to $1 this year? Let’s find out more in the price analysis below.  Will the CAKE price resurge to $0.25?  With a bullish revival, the CAKE price bounces above the 50-day EMA with a boom in trading volume. Sustaining dominance over the 200-day EMA, the altcoin avoids the death cross.  Source: TradingView With the buyers reclaiming the 38.20% Fibonacci level, the CAKE price is ready to challenge the $3 mark. Despite the recent jump above 50D EMA, the consolidation move presents a delay in the breakout. The bullish break of the $2.80 or $3 mark will signal an entry opportunity for the sideline traders and a trend reversal. With the altcoin on the verge of a breakout and improving market sentiments, the CAKE price can result in a jump to the $4 mark in the coming weeks.  Is Uniswap Topping $10 Soon? With a bullish jump of 34%, the UNI price is challenging the overhead resistance at $7.80. The ongoing brawl at this supply zone marks the possibility of a double-top pattern for igniting a correction phase.  Source: TradingView Moreover, as per the trend-based Fibonacci levels, the Uniswap prices need to revert from the 38.20% fib level. In case of a reversal, the altcoin will mark a successful post-retest reversal and could find a surge in trading volume.  With a $4.45B market cap, Uniswap ranks 22nd in the list of biggest crypto. Trading at a low of 84% from its all-time high of $44.97, the potential is huge in case the altcoin reverses its long-term trend.  Therefore, if the UNI price breaks the $7.80 mark, the breakout run can reach the $10 mark. 

3 days ago
CryptoNewsLand
CryptoNewsLand
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Chainlink’s large transaction volume surged by 175.28% to $338.96 million, suggesting significant whale activity. Mysterious movements of millions of LINK tokens by large-scale investors were reported, with two notable transactions. CoinCodex predicts Chainlink’s price to rise by 3.57% to $18.89 by February 26, 2024, amidst Extreme Greed sentiment. Chainlink (LINK) has observed a significant surge in large transaction volume, indicating heightened activity among whales. These transactions, exceeding $100,000 in value, have spiked by 175% in the past 24 hours, totaling a substantial $338.96 million in crypto terms. Comparing recent data highlights the magnitude of this surge. On February 19, the volume stood at 6.17 million LINK, skyrocketing to 17.65 million LINK by February 20. Such spikes often signal increased engagement from institutional players, suggesting significant market movements. Over the past day, several large-scale investors have made notable movements of LINK tokens, with Whale Alert reporting two such transactions. An unknown whale wallet transferred 4,314,062 LINK, valued at $79,065,694, to another undisclosed wallet. Additionally, BlockFi shifted 2,402,942 LINK, worth $46,491,692, to another unknown wallet. 4,314,062 #LINK (79,065,694 USD) transferred from unknown wallet to unknown wallethttps://t.co/8RdxhMBqXG — Whale Alert (@whale_alert) February 21, 2024 Despite these intriguing developments, Chainlink’s market performance has seen a 5.40% decline over the past 24 hours, with its current price at $18.33, aligning with broader market trends. Looking ahead, CoinCodex’s Chainlink price prediction suggests a potential 3.57% increase, targeting $18.89 by February 26, 2024. Technical indicators indicate a neutral sentiment, while the Fear & Greed Index reflects extreme greed with a score of 78. Over the past month, Chainlink has experienced 17 green days out of 30, with a 13.13% price volatility. Read also: Chainlink Surges with Over 400% Spike in Whale Transactions ChainLink (LINK) Price Analysis Aug Week 4 to Sept Week 2 When Market Trends Favor Chainlink: Predicting Its Next Big Move Towards $18 Chainlink’s Meteoric 40% Surge Unveils Next-Gen Staking Innovations What the $2.1 Million Liquidation in Chainlink Means for LINK’s Future The post Chainlink’s $338M Transaction Spike Sparks Price Surge Speculation appeared first on Crypto News Land.

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

2 days ago
黑姐
黑姐
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Shiba Inu: The destruction rate surges by 4200%, will SHIB delete a zero now? Shiba Inu (SHIB) has seen a significant increase in its destruction rate. According to data from Shibburn, 86,015,940 (86 million) SHIB tokens were burned in the past 24 hours, increasing the burning rate by 4200.80%. One transaction in particular destroyed most of the tokens, sending more than 85 million SHIB to a “death wallet.” However, despite the surge in burn rate, the price of Shiba Inu (SHIB) continues to struggle. The popular meme coin faced a 2.5% correction on the daily chart and fell 3.6% on the weekly chart. Furthermore, the price of SHIB has fallen by more than 27% since February 2023. Nonetheless, the asset is up 4.2% on the 14-day chart and 4.8% over the last month. SHIB has been working to remove a zero it obtained last December. The price resistance level at $0.00001 proved to be a difficult price point to overcome. Will Shiba Inu (SHIB) drop a zero in the near future? According to CoinCodex, SHIB is likely to drop a zero by February 28, 2024, reaching a price of $0.00001025, an increase of approximately 8.4% from current levels. However, the platform does not expect the price of SHIB to hold and is expected to fall below $0.000009 by March 1, 2024. On the other hand, Changelly expects Shiba Inu (SHIB) to delete a zero this week, reaching a price of $0.00001006 by February 24, 2024, which would represent a rise of approximately 6.3% from current levels. However, Changelly also predicts that SHIB’s price will fall below $0.000009 by March 1, 2024. The platform expects the popular dog-themed cryptocurrency to reach a peak price of $0.0000159984 this year. However, we may see a rise in Shiba Inu (SHIB) in the second quarter of this year, driven by the Bitcoin (BTC) halving and the possible emergence of a spot Ethereum (ETH) ETF (exchange-traded fund). #SHIB

2 days ago

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