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Square-Creator-28113793
Square-Creator-28113793
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🚨ATTENTION🚨I asked "ChatGPT" to tell me the launch price of "PORTAL" on "BINANCE", and here is the response:⬇️ 🗣User: 👉Can you provide insights into the anticipated launch day price of PORTAL token on BINANCE, considering its unique concept, initial supply, and mechanics? 🔵PORTAL Token Details: 🟦Token Name: Portal (PORTAL) 🟦Max Token Supply: 1,000,000,000 PORTAL 🟦Initial Circulating Supply: 167,134,615 PORTAL (16.71% of max token supply) 🟦Given the innovative utility of PORTAL within its ecosystem, combined with its initial scarcity, we anticipate a strong market demand upon listing on BINANCE. With the potential for widespread adoption and utility-driven demand, the launch price could see an initial surge, possibly ranging between $4.70 to $9.15 per PORTAL token. However, market dynamics and investor sentiment will ultimately influence the price discovery process. Keep an eye on the market activity and project developments for a clearer picture of the launch day price movement. #PortalTokenLaunchPrice #BinanceNewListing #CryptoInsights #TokenAnalysis #PortalChatGPT $DYM $PIXEL $STRK

about 9 hours ago
Cryptopolitan
Cryptopolitan
followers

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

about 18 hours ago
Decrypted Labs
Decrypted Labs
followers

🚨🚨✴️✴️ Attention Alert! Hold Steady, Avoid Hasty Selling! ✴️✴️🚨🚨 Let's discuss the current state of the crypto market. Many investors seem to be misinterpreting market dynamics, making the mistake of buying at peak prices and then panic selling during downturns. Remember the fundamental principle: buy during market declines and sell during upswings. Unfortunately, some individuals have been swayed by misinformation and hype, leading them to buy at inflated prices and subsequently label the market as a scam when prices dip. This pattern has been observed in other projects like Jup as well. The recent decline in price can be attributed to the airdrop, where 7% of the total token supply was distributed, resulting in the project launching with 10% of the total supply. For those who entered the market at high prices, it's important to exercise patience and avoid realizing losses prematurely. Consider holding your position and waiting for the market to stabilize, which may take a few months. Regarding the optimal entry point for Starknet, it's advisable to analyze the project thoroughly and consider purchasing below $1.5, especially given the current price dropping below $2. Patience and informed decision-making are key to successful investments. As for my opinion on the project, I believe in conducting thorough research before investing and would prefer not to disclose specific buying prices publicly. However, I encourage others to share their experiences and insights in the comments section. #Write2Earn #strk #TrendingTopic $STRK

about 19 hours ago
Muhammad Amir Rajpoot
Muhammad Amir Rajpoot
followers

🚨🚨✴️✴️STRK Alert! Hold Strong, Don't Panic Sell! ✴️✴️🚨🚨 Let's Talk a bit . . . Many are misunderstanding the crypto market dynamics, buying high and selling low.‼️‼️ Remember the first rule: buy during descent, sell during growth. People fell for fake information and hype, buying on the rise 💹💹, and now selling on the fall, calling it a scam.‼️‼️‼️ Similar scenarios happened with other projects like Jup. They called it a scam after a price drop. 🚮🚮🚮 Why is the price falling? The airdrop. 7% of the total supply was distributed, and now the project launches with 10% of the total supply. 🙆‍♂️🙆‍♂️🙆‍♂️ If you bought at highs, don't incur losses; be patient, wait a few months. 🙆‍♂️🙆‍♂️🙆‍♂️🙆‍♂️ Best price to buy Starknet? Analyzing the project, consider buying below $1.5, especially as it's now dropping below $2. Be patient and make informed investments. 💲💲💲 What's your take on the project? At what price did you buy $STRK ? Share in the comments! 💬💬💬 $PIXEL #Write2Earn #strk #TrendingTopic #MuhammadAmirRajpoot #Write2Earn ‬

about 20 hours ago
Cryptopolitan
Cryptopolitan
followers

Avalanche’s native cryptocurrency, AVAX, has experienced underperformance in the market leading up to a significant event: the unlocking of $365 million worth of tokens. This unlocking event has garnered attention due to its potential impact on AVAX’s price and market dynamics.  Historically, such large unlocking events in the crypto space often coincide with price declines, as the increased supply of tokens can outweigh demand, resulting in downward pressure on prices. Avalanche’s AVAX disappoints investors pre-unlock The Avalanche (AVAX) network’s native cryptocurrency lagged behind most digital assets this week as the token undergoes a $365 million unlocking event, increasing its supply. At the time of writing, Avalanche (AVAX) is trading at $37.96, down 0.5% from an hour ago and 3.3% from yesterday. AVAX’s value today is 4.2% lower than it was seven days ago. According to Token.Unlocks, around 9.5 million previously locked-up Avalanche tokens worth $365 million will be released on Thursday, increasing the asset’s circulation supply by roughly 2.6%. Approximately 4.5 million Avalanche tokens will be distributed to team members, 2.25 million to strategic partners, 1.67 million to the ecosystem development foundation, and 1.13 million for airdrop. On-chain data indicates that approximately 58% of AVAX’s tokens have been unlocked. Token unlocks result in an increase in the asset’s supply, freeing previously locked-up coins from a vesting period, including for early investors. Token Unlocks cause markets to tank Arbitrum (ARB) and Avalanche (AVAX) have seen significant bearish pressure as investors prepare for upcoming token unlocks. The recent price declines of both projects indicate that they are under selling pressure. Arbitrum arose as a network where developers can work together to create applications that are not only accessible and practicable but also economically viable and offer faster transactions than Ethereum. Arbitrum recently had a significant sell-off as investors braced for the approaching token release in March. Over $1 billion in ARB tokens are scheduled to be unlocked starting March 16. This selling pressure will significantly reduce the project’s market worth. This price decrease mirrored the downward trend of certain emerging altcoins, which recently hit a year-to-date all-time low as the Bitcoin search trend reached a bear market bottom. ARB whales have been selling their shares, leaving ARB vulnerable. As a result of these market conditions, investors are now turning to Algotech ALGT for its attractive investment options. Algotech (ALGT) intends to use technology and machine intelligence to revolutionize decentralized finance. Among the platform’s many qualities, investors prefer its creative features such as momentum trading, mean reversion, and optimized algorithms.  Algotech’s features will allow users to experience smooth market performance. The platform’s goal is to provide customers with smart and effective data management tools through the use of artificial intelligence and modern technologies. Top token unlocks in February 2024 February is expected to be a hot month for crypto assets, with many cryptocurrencies releasing assets totaling more than $800 million. According to TokenUnlocks statistics, 26 crypto projects plan to unlock tokens in February, possibly flooding the crypto market with about $1 billion in crypto assets. Many popular projects, including Aptos (APT), The Sandbox (SAND), and Avalanche (AVAX), have unlocking events planned for February 2024. Aptos (APT) will unlock 7.34% of its entire supply on February 11, totaling 24.84 million APT tokens worth $228.55 million. In the similar spirit, metaverse platform The Sandbox unlocked $205.59 million SAND tokens on February 14, accounting for 9.19% of its circulating supply. At the time of writing, these tokens were worth $90.46 million. On February 29, Ethereum L2 blockchain Optimism will unlock 24.16 million OP tokens valued $71.51 million. This accounts for 2.52% of its entire supply. The Immutable (IMX) layer two scaling solution is one of the most popular Ethereum layers. The network has more than $36 million in TVL, which has climbed by around 28.8 percent in the last week. The platform’s current trading price is roughly $2.77, reflecting a tremendous rise in demand. However, starting February 23rd, the network is set to disburse $2.5 million in IMX tokens over a 28-day period. This will create continuous selling pressure on the platform, potentially leading to a negative trend. (IMX) project, a rapidly expanding layer two scaling solution on the Ethereum network, is set to distribute 1.22 million IMX worth about $2.37 million per day for 28 days starting February 23.

about 20 hours ago
Si_Angel
Si_Angel
followers

The Crypto Market Is About To Explode! The cryptocurrency sector is teetering on the edge of a monumental surge, driven by technological advancements and burgeoning investor interest, particularly in leading assets like Bitcoin and Ethereum. This isn't just a fleeting trend; it's a full-scale financial upheaval. Bitcoin's climbing hash rate is a testament to its growing security and appeal, suggesting a ripe environment for unprecedented highs. Adding fuel to the fire is the upcoming Bitcoin halving in April 2024, a catalyst for market optimism. Analysts are giving Bitcoin an 85% chance of hitting new all-time highs within the next six months, buoyed by anticipated Federal Reserve rate cuts and robust institutional interest. This level of confidence underscores a market on the verge of an explosive growth phase, with predictions of Bitcoin reaching stratospheric levels. Ethereum mirrors this bullish sentiment, with a supply reduction and staking dynamics indicating a strong upward trajectory. The involvement of big players, highlighted by Bitcoin whales' $5 billion investment over ten days, signals a widespread acknowledgment of cryptocurrency's potential. The broader crypto ecosystem, including projects like Solana's integration with Filecoin, points to an industry innovating at breakneck speed. These technological strides, combined with a focus on consumer-led growth, further bolster the case for a surging market. As for price predictions, amidst this optimism, realistic expectations are vital. While Ethereum's early gains were astronomical, its fundamentals now suggest a more measured, yet significant, growth potential. Michael Sailors suggests Ethereum could realistically reach upwards of $113,000, considering its past performance and the impact of Bitcoin's halving cycles. Investing in crypto is a long-term play, demanding an understanding of its volatility and potential. #CryptoPredictions2024 #crypto2024 #CryptoNews🔒📰🚫 #Write2Earn

1 day ago
Cryptopolitan
Cryptopolitan
followers

In a recent statement, Ripple’s Chief Technology Officer, David Schwartz, explained the potential burning of over 40.7 billion XRP currently held in escrow accounts. This move comes as a response to the growing inquiries and concerns from the XRP community regarding the management and influence of Ripple over the cryptocurrency’s market dynamics. Schwartz’s clarification sheds light on the technical possibilities for reducing the circulating supply of XRP, aiming to address the discontent among cryptocurrency enthusiasts. Understanding the “blackholing” process Schwartz introduced the concept of “blackholing” escrow accounts as a viable method for effectively removing a significant portion of XRP from potential circulation. This process involves making the escrow accounts inaccessible, thereby preventing the release of XRP into the market. The CTO’s explanation comes at a crucial time when the XRP community has been vocal about their concerns over Ripple’s periodic release of XRP from these escrows, which occurs on the first day of each month as part of the company’s market management strategy. The mechanism of “blackholing” does not require the physical destruction of XRP tokens but rather restricts access to them, ensuring that they cannot be used or transacted with. This approach highlights Ripple’s unilateral capability to influence the supply of XRP without directly engaging in the burning of tokens. David Schwartz’s insights into this process aim to quell the unease within the community, emphasizing the company’s commitment to maintaining a balanced and stable market for XRP. David Schwartz responds to XRP market fears The discourse around the potential burning of XRP escrows has intensified amid broader controversies in the cryptocurrency market, including allegations of price manipulation by other entities through programmatic sales. Such developments have heightened the XRP community’s sensitivity to Ripple’s handling of the escrow accounts, with fears that these actions could adversely affect the cryptocurrency’s value and market position. Ripple’s strategy for managing the release of XRP from escrow accounts has been a point of contention, with some community members arguing that it contributes to market saturation and potential devaluation of the cryptocurrency. However, David Schwartz’s recent statements aim to clarify the company’s intentions and operational mechanisms, providing a transparent view of Ripple’s efforts to stabilize and support the XRP market. By addressing these concerns directly, Ripple seeks to reinforce its commitment to the XRPL ecosystem’s health and the interests of XRP holders. David Schwartz’s explanation regarding the potential for “blackholing” XRP escrow accounts marks a significant moment in Ripple’s ongoing dialogue with its community. By addressing the technical aspects and intentions behind Ripple’s escrow management, Schwartz aims to alleviate concerns and foster a deeper understanding among XRP enthusiasts. As the cryptocurrency market continues to evolve, Ripple’s proactive communication and management strategies will remain crucial in navigating the complex landscape of digital currencies.

1 day ago
Coinpedia
Coinpedia
followers

The post Worldcoin’s 2x Profits: Understanding Why WLD Jumped to $8 appeared first on Coinpedia Fintech News In a week that caught the attention of the crypto community, Worldcoin’s native token, $WLD , has experienced an extraordinary surge, skyrocketing by more than 200%.  The iris biometric cryptocurrency project, led by Sam Altman, has sent ripples across the broader crypto market, with its price reaching $8, showcasing a remarkable 42.60% increase in the last 24 hours and an astounding 200% surge on weekly charts. Major Milestone  The Worldcoin community proudly announced a major milestone in its recent statement, disclosing that the World App, Worldcoin’s wallet, has now garnered over 1 million subscribers this week. World App, the first wallet built for the Worldcoin project, passed 1M daily users this week. This community is incredible pic.twitter.com/Mf6Y51gscQ — Worldcoin (@worldcoin) February 17, 2024 On 17 Feb 2024, the World App wallet achieved this remarkable feat, signaling a series of breakthroughs for the Worldcoin project. The surge in the project’s adoption aligns seamlessly with the ongoing rally in WLD prices, creating a positive energy for the Worldcoin ecosystem. Tokenomics and Supply Dynamics Examining Worldcoin’s tokenomics, the total supply of 10 billion WLD coins, is valued at an impressive $74.71 billion. Within this framework, the circulating supply accounts for 130.76 million $WLD , making up a modest 1.31% of the overall total. However, the distribution plan includes 75% for the Worldcoin Community, 9.8% for the Initial Development Team, 13.5% for TFH Investors, and 1.7% for TFH Reserve. Delving into the top 10 holders collectively own a staggering 9.15 billion $WLD , representing 91.5% of the total supply. Notable holders include Teneo, a 3AC Liquidation (75 million $WLD , $579 million), and Alameda, an FTX Bankruptcy Estate (25 million $WLD , $193 million).  Worldcoin has successfully raised $240 million across three financing rounds, securing support from major investors, including Blockchain Capital, Andreessen Horowitz, Bain Capital Crypto, Coinbase Ventures, Digital Currency Group, Khosla Ventures, 1confirmation, and Blockchange Ventures. Smart Trading Tactics In the past week, three big whales took out a total of 2.8 million $WLD ($21 million) from Binance and OKX. 6/ In the past week, 3 whales withdrew a total of 2.8M $WLD ($21M) from #Binance and #OKX.https://t.co/CuPm1ozPazhttps://t.co/xTnV0UUjechttps://t.co/LF4SsA0huQ pic.twitter.com/p2Qp3UXoqq — Lookonchain (@lookonchain) February 19, 2024 Highlighting the smart trading activity, “SmartMoney” with the wallet address of “0x0258” demonstrated sharp buying strategies. Notably, the trader bought 267,062 $WLD ($534,000) on November 1 and sold on December 19, realizing a profit of $519,000 (+97%).  Similarly, a subsequent trade involving 282,448 $WLD ($784,000) on January 12 and a recent sale resulted in a profit of $1.08 million (+137%). The recent jump in Worldcoin’s price, combined with smart moves from investors, has lit up the crypto scene. Observers are excited about what’s next in the upcoming weeks.

2 days ago
CryptoPotato
CryptoPotato
followers

Meme coins have been a constant and exciting part of the cryptocurrency industry for a long while. It all started with Dogecoin (DOGE), but quickly escalated to an abundant ecosystem centered around memes, jokes, and community-building. Some meme coin projects have taken it to another level, creating usable blockchain solutions like layer-two networks, wallets, decentralized exchanges, and whatnot. Others have remained in the realm of jokes and memes and are predominantly centered around building communities. In the following, we take a look at the most exciting meme coins to watch in 2024, and we also seek an answer to the question of whether or not they can outperform Bitcoin. Dogecoin (DOGE) Think of Dogecoin as the godfather of meme coins. It was the first widely-recognized meme coin, created as a joke and nothing else. It’s been around since 2013, developed by Billy Marcus and Jackson Palmer. Dogecoin has one of the largest communities in the industry and has attracted popular figures like the billionaire owner of Tesla, SpaceX, and X (Twitter) – Elon Musk. Musk has stated, on multiple occasions, that he is a supporter of the cryptocurrency and that he will actively help with its development. DOGE has always been a precursor to volatility in the market. Whenever it starts moving, that’s when traders know to expect action. 2024 is believed by many to be the year when a large bull run will begin, as the Bitcoin halving will take place in April. If that turns out to be true, DOGE is likely to be one of the meme coins that will be worth watching. Will it reach the coveted goal of $1? Only time will tell. You can find a complete guide on Dogecoin here. Shiba Inu (SHIB) Dogecoin’s hegemony spawned the appearance of multiple meme coins that aimed to claim some (or all) of its dominance. The first one to do it successfully was Shiba Inu (SHIB). SHIB minted a lot of millionaires in the previous bull market, as it reached a total capitalization in the tens of billions. Small investments of a few hundred dollars were turned into hundreds of thousands if not millions, worth of profit. Unlike the majority of the other meme coins that come to prominence only to descend into quick oblivion, SHIB stuck around. After numerous changes of leadership and a lot of back-and-forth, the team behind it is currently building a complete ecosystem that consists of Shibarium – its layer-two blockchain solution, as well as a number of other applications. SHIB is just as unpredictable as any other meme coin, but with its built-in burning mechanism, a raging bull market might cause a lot of volatility in its price in 2024. You can find out more about Shibarium here: Dogwifhat (WIF) We are putting Dogwifhat (WIF) as the number three most exciting meme coin to watch in 2024 because it’s the newcomer on the block. WIF started out as most meme coins centered around a funny meme of a dog wearing a hat – hence, the name. The meme coin is built on Solana and is currently one of the largest on the network, fostering a community of tens of thousands of holders. WIF is known for its volatility, charting new highs and declines upwards of 30-40% every other week. This doesn’t discourage its community, which is constantly on the lookout for new members to put the hat on. Even Arthur Hayes – the former CEO and one of BitMEX’s co-founders – tweeted about it some time ago. Dogwifhat is a meme coin in the true spirit of the word – the developer has supposedly sold out all of his tokens, and the supply is currently in the hands of its fans. WIF doesn’t have anything else built around it but an abundance of memes and jokes. With the Solana ecosystem thriving in the past few months, meme coins built on it are certainly worth watching in 2024. Bonk Inu (BONK) Bonk Inu (BONK) is the O.G. meme coin on Solana. It took the world by storm in 2023, when it exploded to a market capitalization of close to $2 billion. The interesting fact about BONK is that it was found within Solana Saga phones released a while ago. Back then, the team included $10 worth of BONK in those phones as a playful gift to SAGA phone users and perhaps as a way in the ecosystem. Fast forward to 2023, that $10 gift was worth a few hundred dollars – more than the retail price of the phone itself. This caused an uptick in demand, driving the Saga phone’s price to $5000 on eBay. Whether or not BONK will regain its all-time highs of 2023 is something that remains to be seen, but the cryptocurrency has certainly proven that it’s one to watch in the conditions of a raging bull market. PEPE Coin (PEPE) If you’ve paid close attention to the previous four meme coins – you would have noticed that all of them share a common theme – they are dog-themed. Well, PEPE breaks the trend by introducing the first high-performing frog-themed meme coin. It was launched toward the middle of April in 2023 and soared to a market cap of more than $420 million less than three weeks after that. As you may have guessed, there’s a clear reference to Pepe the Frog Meme, although the official website clearly says that PEPE makes no claims about an association with Pepe the Frog. You can find detailed information about the meme coin in our video: Will These Outperform Bitcoin? Meme coins are incredibly volatile and their performance is unlike that of other cryptocurrencies like Bitcoin. We decided to check with ChatGPT on the matter and asked if the above will perform better than BTC in 2024. ChatGPT said that the meme coin market has a high degree of speculation and uncertainty, pinpointing five factors to watch in the coming year: Market sentiment and adoption Bitcoin’s position Utility and use cases Regulatory environment Market dynamics The chatbot concluded: While meme coins can experience sudden and dramatic price increases, they also carry significant risks and can be more susceptible to market sentiment swings. Bitcoin’s more established status might offer a different risk-reward profile. The post Top 5 Meme Coins to Watch in 2024: Will These Outperform Bitcoin? appeared first on CryptoPotato.

1 day ago
CryptoNewsLand
CryptoNewsLand
followers

Shiba Inu’s burn rate has surged by 3,400%, removing 52 million tokens from circulation. The reduction in supply suggests a potential price surge for SHIB, following the economic principle of scarcity. Lucie, a marketing specialist for Shiba Inu, reveals a completion timeline for ecosystem projects by 2024, potentially extending into 2025. Shiba Inu (SHIB) enthusiasts are abuzz with excitement as reports unveil a staggering 3,400% increase in the token’s burn rate. This surge has resulted in the removal of approximately 52 million tokens from circulation, marking a significant milestone in SHIB’s journey.  With the total burned tokens now tallying around 410.7 trillion, the cryptocurrency community eagerly anticipates the potential implications for SHIB’s price trajectory. The surge in SHIB’s burn rate holds profound implications for its market dynamics.  As the supply of SHIB decreases due to the burn rate surge, the economic principle of scarcity comes into play. This reduction in the token’s supply has the potential to drive up its price, a phenomenon observed across various markets when the supply of a commodity dwindles. Given SHIB’s historical challenges stemming from its large circulating supply, this development offers renewed hope for investors and enthusiasts alike, hinting at the possibility of SHIB reaching unprecedented price levels. Moreover, alongside the surge in burn rate, revelations about the completion timeline for ongoing projects within the Shiba Inu ecosystem add another layer of anticipation. Lucie, a marketing specialist for Shiba Inu, has unveiled ambitious plans to finalize all current projects by the end of 2024, with potential extensions into 2025 to fulfill a broader vision for the ecosystem. This strategic move underscores the project’s commitment to long-term growth and sustainability, further bolstering investor confidence in SHIB’s potential. Read also: SHIB Price Analysis: Can a 50% Supply Reduction Propel it to $0.01? Shiba Inu’s Drastic Supply Cut Sparks Hope for Surge to $0.01 Shiba Inu’s Surging Burn Rate: Is It the Right Time to Buy SHIB? Shiba Inu’s Anticipated SHIB Burn: A Catalyst for Price Surge? Shiba Inu’s Burn Rate Skyrockets: Will the Price Follow Suit? The post Shiba Inu’s Burn Rate Soars 3,400%: Potential Price Surge Ahead appeared first on Crypto News Land.

2 days ago
davut1karabulut
davut1karabulut
followers

Worldcoin (WLD) Skyrockets 183% in 7 Days. 🤯 In a whirlwind of market dynamics, Worldcoin (WLD) has soared by an impressive 183% within a week, reaching an unprecedented all-time high of $7.48. Behind this surge lies the buzz surrounding OpenAI's text-to-video generation model, Sora. The World App has witnessed an influx of users, surpassing the 1 million mark and setting a new record. On-chain indicators reveal a tenfold increase in daily transactions and a 16x explosion in new address creation. Positive market sentiment, reflected in the rising Weighted Sentiment, has propelled WLD into the spotlight on social media platforms. Worldcoin, co-founded by OpenAI CEO Sam Altman, is carving its niche as the globe's largest identity and financial network. Its unique onboarding process involves iris scans to confirm humanness, with users receiving free WLD tokens in return. However, this innovative approach has sparked data privacy concerns, leading to investigations in multiple countries. Notably, Kenya has suspended the token within its jurisdiction due to these concerns. Despite its ambitious goals, Worldcoin grapples with challenges stemming from data privacy issues. The global investigation into its biometric data collection process has resulted in regulatory hurdles, hindering the project's growth in specific regions. Shifting gears to the broader crypto landscape, recent insights reveal intriguing movements in Bitcoin supply holdings. Whales have acquired 250K BTC in 2024, signaling confidence in the market. Analysts are engaged in discussions about potential factors that could propel Bitcoin to an all-time high in the next six months. #WLD #Worldcoin #AI #OpenAI #chatgpt

2 days ago
CoinChapter
CoinChapter
followers

xrp price manipulation Read CoinChapter.com on Google News NAIROBI (CoinChapter.com) — Ripple has repeatedly faced accusations of “dumping” XRP tokens as a part of its monthly escrow unlock program. Nonetheless, the blockchain payment company’s CEO, David Schwartz, denied the allegation of XRP price manipulation, stressing transparency and responsible sales practices. I understand caring how much we sell, but honestly I don't really understand why people think it matters so much exactly how we sell XRP. Yes, we choose when to sell. Yes, we choose how much to sell. And everyone can see how much XRP comes out of escrow and how much goes back in. — David "JoelKatz" Schwartz (@JoelKatz) February 19, 2024 Schwartz Denies XRP Price Manipulation Rumors In response to accusations of keeping XRP sales data hidden, Schwartz emphasized Ripple’s commitment to transparency. He stated” “Yes, we choose when to sell. Yes, we choose how much to sell. And everyone can see how much XRP comes out of escrow and how much goes back in.” He clarified that Ripple stopped programmatic XRP sales in Q1 2023, highlighting a company statement explicitly mentioning this action. However, he denied accusations of misleading the public regarding “On-Demand Liquidity (ODL)” sales, stating that they “stopped programmatic sales of XRP… ODL sales are still ongoing.” Distinguishing “Dumping” from “Selling” Closely following Ripple’s developments, Attorney Bill Morgan differentiated between “dumping” and “selling.” He stated, “Dump…implies selling to an extent that suppresses price…not just any selling.” He urged the XRP community to avoid conflating the two and base arguments on evidence. Morgan noted that despite HBAR’s increased circulating supply (15 billion to 33 billion), its price remained higher than two years ago due to smart money absorption. He suggested the XRP community learn from this example, stating, “People…carrying on about Ripple dumping should listen…” Meanwhile, journalist Zach Rector contends ordinary XRP investors have sold more than Ripple recently. “The irony of this whole situation is…it’s actually the retail investors who have been dumping XRP. Not Ripple,” he said in a video. As discussions continue within the XRP community, stakeholders emphasize the importance of evidence-based discourse to understand market dynamics better and ensure informed decision-making. The post Is Ripple Involved in XRP Price Manipulation? appeared first on CoinChapter.

2 days ago
Crypto Daily™
Crypto Daily™
followers

The crypto market shows resilience as Bitcoin maintains its position above the $50,000 mark and attracts significant investor interest while the popularity of traditional government assets declines. Recent data from the US, showing hotter-than-expected Producer Price Index (PPI) inflation and a Consumer Price Index (CPI) that, while lower than the previous month, still exceeds market expectations, underscores the financial market's sensitivity to inflation rates and Federal Reserve rate decisions. As government securities face devaluation due to lower interest rates, cryptocurrencies are becoming increasingly appealing to investors seeking alternative investment opportunities. Amidst this optimistic landscape, altcoins priced under $1 are highlighted as this week's notable assets, offering investors potential opportunities in the lower price segment of the market. 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 <<< Jupiter (JUP): Fostering Community Collaboration and Growth The founder of Jupiter (JUP) recently unveiled the Jupiter Work Groups (JWGs) initiative aimed to amplify collaboration and growth within the Jupiter (JUP) community and promote decentralized governance. The announcement of the JWGs plan incited a significant price surge in JUP tokens as the community perceived the new development with optimism. The JWGs will create an organized workspace where community engagement will be able to propel Jupiter's (JUP) innovation forward. Jupiter's (JUP) JWGs are trailblazing a path to craft an ecosystem that thrives on teamwork and can grow like never before. Led by seasoned leaders, this experimental venture is poised for success, though effective coordination and potential unforeseen obstacles in decentralized governance could emerge to slow down Jupiter's (JUP) momentum. Pyth Network (PYTH): Revolutionizing DeFi with Real-Time Data Pyth Network (PYTH), an innovative oracle network in the DeFi space, provides real-time market data across more than 40 blockchains, alongside stocks, ETFs, forex pairs, and commodities, reshaping decentralized finance with over 380 fast price feeds. Pyth Network's (PYTH) approach to data aggregation and decentralized governance via its token is likely influencing market sentiment positively. The expansion of offerings and partnerships enhances this effect – the critical role Pyth Network (PYTH) plays within the DeFi ecosystem could potentially drive a surge in value for PYTH tokens as they continue on their upward trajectory. Pyth Network (PYTH) aims to become a cornerstone of the rapidly expanding DeFi market with its own model incentivizing data owners to share valuable information via decentralized ledger technology. However, maintaining data integrity and establishing robust decentralized governance are critical hurdles that Pyth Network (PYTH) has to overcome for successful scaling of the network.  Conclusion Amid broader financial uncertainties, the crypto market's resilience is noteworthy as investor preferences are shifting from traditional government assets to more speculative digital currencies. Bitcoin's robust levels, institutional investments and positive forecasts stoke anticipation of a potential bull run, with attention turning towards altcoins like Jupiter (JUP) and Pyth Network (PYTH) – both priced under $1 but presenting significant growth opportunities. Each cryptocurrency offers their own propositions and strategic alignments, captivating investors as promising entry points; and the success of Jupiter (JUP) and Pyth Network (PYTH) depends on their ability to capitalize on current market dynamics, foster community engagement, and gain broader acceptance as viable investment alternatives. 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.

2 days ago
Crypto Daily™
Crypto Daily™
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With Bitcoin maintaining its position above the $50,000 mark amidst broader financial volatility, the crypto sector garnered considerable attention from investors. It seemed that market conditions could deteriorate in the short term, leading to a decline in government assets and potentially turning cryptocurrency prices bullish. Recent data from the US, including hotter-than-expected Producer Price Index (PPI) inflation for January and a Consumer Price Index (CPI) that, while lower than December's figures, still exceeded market estimates, underscored the precarious balance of the current economic climate. Amidst the evolving dynamics of the crypto market and the anticipated bull run, there was growing interest among cryptocurrency whales in specific altcoins, emerging as the cryptocurrencies to watch in March. 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 <<< Jupiter (JUP): A Surge in Community Collaboration and Token Value The recent introduction of the Jupiter Work Groups (JWGs) initiative, aimed at fine-tuning collaboration and scalability within the JUP community, significantly affected Jupiter's (JUP) market presence, leading to an appreciable increase in its token value. Investors and stakeholders felt optimistic about the JWGs launch, which propelled Jupiter's (JUP) price forward. The price of Jupiter (JUP) tokens experienced a notable surge following the JWGs initiative announcement. This price movement directly resulted from heightened anticipation and positive reception from the community. The JWGs' focus on community involvement and decentralized governance led by seasoned experts further solidified investor confidence in Jupiter's (JUP) future trajectory. The JWGs initiative is a pioneering approach to collaboration within the Jupiter (JUP) ecosystem and can significantly affect its future development - the leadership's commitment to boosting synergy between the community, DAO and the Jupiter (JUP) team is crucial for the plan's success. As JWGs gain momentum, the anticipated emergence of additional work groups promises further innovation and growth for Jupiter (JUP). But the inherent challenges of experimental initiatives and market volatility can slow down Jupiter's (JUP) momentum. Celestia (TIA): Navigating Post-Launch Performance and Market Expectations Since its official launch in October 2023, Celestia (TIA) quickly became one of the top 50 cryptocurrencies by market cap as investors saw the potential in its innovative approach to blockchain infrastructure. Despite typical post-launch volatility, Celestia's (TIA) strategic partnerships and integrations, such as with the Manta Network and Arbitrum, underscore its commitment to enhancing scalability and interoperability within the blockchain space. Price predictions for Celestia (TIA) vary widely, with some analysts forecasting a potential reach of $33.67 in 2024 and up to $47.14 in 2025. The future of Celestia (TIA) depends on its ability to capitalize on the initial market enthusiasm and navigate the challenges of ongoing token distribution and market integration. Celestia's (TIA) use of modular blockchain creation and its foundation on the Cosmos blockchain are significant opportunities for growth and adoption. However, the regular release of Celestia's (TIA) tokens and the broader market's response to regulatory and technological developments could deter Celestia's (TIA) trajectory. Conclusion The crypto market's resilience in the face of broader financial volatility, particularly with Bitcoin's performance and the anticipation of Federal Reserve rate cuts, sets a bullish backdrop for altcoins like Jupiter (JUP) and Celestia (TIA) in March. Jupiter's (JUP) community-driven JWGs initiative is boosting its token value, and Celestia's (TIA) rapid ascent in the market cap rankings post-launch underscores the diverse strengths and opportunities within these projects. As the crypto market navigates shifting financial landscapes and investor interest pivots towards innovative digital assets, Jupiter (JUP) and Celestia (TIA) represent the forefront of where crypto whales and savvy investors are focusing, anticipating growth and seeking to capitalize on the dynamic crypto ecosystem. 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.

2 days ago
The CryptoPedian
The CryptoPedian
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In the dynamic realm of cryptocurrency, where innovation and breakthroughs drive value, Worldcoin ( $WLD ) emerges as a unique proposition, akin to holding shares in the transformative potential of OpenAI. Backed by the same visionary team that propelled OpenAI to the forefront of artificial intelligence, Worldcoin encapsulates the essence of technological advancement and its boundless possibilities. The synergy between Worldcoin and OpenAI's groundbreaking innovations, including the prowess of SORAAI, positions $WLD not just as a digital asset but as a stake in the future of AI-driven societal transformation. This can be even bigger than #Ethereum(ETH) or #PIXEL - those are "just" altcoins to Bitcoin. WLD is simply a stake in the future of humanity. ANd if AI will blend with blockchain, trust me - WLD and SORA and Open AI will do it. Also, you now what? ETH has NO max supply - meaning that ETH has an infinite number of tokens. Now live with that info! ETH market cap - 350B. WLD market cap? - under 830M. True, on ETH there are amazing projects and computational possibilities. Gues what - on WLD you might find all the OpenAI and SORA AI capabilities. This technology exists now and it is officially backing World Coin. Sam Altman has developed both projects. A New Paradigm in Tokenomics YES, only 1.30% of its total supply currently in circulation and a trading volume nearing $1 billion in just the past week, $WLD 's value proposition extends beyond conventional market dynamics. Why? Because the rest of the World Coins will be distributed in the next DECADES. And the team behind OpenAI and WLD will NOT sell tokens for cash. There is plenty of cash in OpenAI already. Its recent tripling in value underscores a growing recognition of its unique position at the intersection of cryptocurrency and AI. Traditional tokenomics often focus on supply and demand dynamics, token utility, and distribution mechanisms to drive value. WLD approach is not solely reliant on speculative trading or future projects for value generation. Instead, it is anchored in the intrinsic value of innovation and the impending AI singularity—a future point where AI could surpass human intelligence and productivity. A Paradigm Shift in Investment Thesis The investment thesis surrounding $WLD is beyond traditional tokenomics, presenting an opportunity akin to early investment in groundbreaking tech companies. The association with OpenAI imbues Worldcoin with a unique edge, leveraging the "superpowers" of AI to pioneer solutions for global challenges. This connection suggests that holding WLD is an investment in a cryptocurrency but also a stake in the technological marvels that OpenAI continues to unveil for humanity. The unprecedented nature of Worldcoin, underpinned by the innovative spirit of OpenAI, makes setting a target price an exercise in futility. The potential for $WLD mirros the meteoric rise of assets like #Bitcoin‬ $ is not just a speculative hope but a possibility grounded in the rapid advancements in AI and blockchain technology. The prospect of a 1000X return, while ambitious, is not off the table. World ID: The Cornerstone of Worldcoin's Value At the heart of Worldcoin's innovation is the World ID, a secure and privacy-preserving digital identity. This breakthrough addresses critical digital age challenges, such as verifying human identity amidst the rise of AI. The World ID system, powered by iris-scan technology, is more than an identity verification tool; it's a gateway to a new era of digital interaction, where the benefits of AI can be shared equitably among real people. The OpenAI Connection: A Catalyst for Exponential Growth The affiliation with OpenAI positions Worldcoin at the vanguard of AI and blockchain integration. This partnership not only enhances Worldcoin's technological foundation but also aligns it with the forefront of AI research and application. The continuous stream of innovations from OpenAI, from generative models to advanced neural networks, provides a steady flow of technological prowess that could propel Worldcoin into uncharted territories of value and impact. Conclusion: A Visionary Investment in Humanity's Future Investing in Worldcoin is an investment in the belief that technology, guided by visionary leadership and ethical principles, can lead to a more equitable, secure, and prosperous world. The unique blend of OpenAI's technological innovations with blockchain's decentralization offers a new paradigm for digital assets, where value is derived not just from market dynamics but from the potential to reshape society for the better. As we stand on the cusp of a new era in technology and society, Worldcoin's dream invites investors and crypto maximalists to be part of a journey that transcends traditional investment frameworks. It's an opportunity to be at the forefront of the AI revolution, contributing to and benefiting from the innovations that will define the future of humanity. You might approve with OpenAI, you might not. You can even hate Sam Altman and the crepy Orb and retinal scans. But you can not ignore the global impact WLD and OpenAI will have on humanity. #wirte2Earn #TrendigTopic

3 days ago
Coinstages
Coinstages
followers

Recent analysis indicates that the SHIB token is nearing an important resistance level, while it has solid support at $0.0000073. This surge in the SHIB burn rate, which has skyrocketed by a staggering 3,400%, has led to the permanent removal of over 52 million SHIB tokens from circulation. Impact of Aggressive SHIB Token Burn The recent implementation of an aggressive deflationary mechanism has led to a significant reduction in the initial supply of SHIB tokens by a staggering 410,708,459,364,680 units. This substantial decrease highlights a notable shift in the asset’s scarcity and potential value. As a result of this substantial increase in the burn rate, the remaining SHIB tokens become inherently scarcer. With a reduction in the total supply, each individual token has the potential to become more valuable over time. This development mirrors a classic economic scenario where a decrease in supply, coupled with stable or increasing demand, often leads to a corresponding increase in price. Analysis of SHIB Token Price and Burn Rate Recent price analysis indicates that the SHIB token is nearing a critical resistance level, estimated to be around $0.000008. This level has been identified through careful examination of the token’s chart performance and could signal the beginning of a bullish trend, potentially leading to significant price increases. At the $0.0000073 mark, the SHIB token has encountered strong purchasing interest, indicating robust support. This level of support has historically played a crucial role in triggering price reversals and could help bolster investor confidence, sustaining upward momentum. Additionally, recent data from Shibburn suggests a significant increase in the token’s burn rate, with over 102 million SHIB tokens transferred to irretrievable wallets in the past week alone. This uptick in burning activity adds to the speculation that SHIB may be gearing up for a notable price movement. As SHIB continues to rally amid increased burning activity, the potential for value appreciation becomes more apparent. The combination of on-chain token burning and the supportive community dynamics surrounding SHIB presents a compelling case for the cryptocurrency’s price to surge to unprecedented levels in the near future. ⚠️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 #SHIB2024

3 days ago
Cointelegraph
Cointelegraph
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Bitcoin (BTC) starts the last full week of February above $52,000 — a fresh two-year record for the weekly close. BTC price strength shows little sign of reversing downward as bulls propel the market ever closer to all-time highs. What does the road ahead have in store? Traders and market observers are as conflicted as ever over the timing, but consensus increasingly calls for further upside. Bitcoin has successfully navigated turbulence from the year’s major events to date, and with the block subsidy halving now just two months away, bets are on for a rally in classic fashion. The picture farther out looks less predictable — BTC/USD may top later in 2024 before beginning a “secular” bear market, analysis warns this week, while the overall potency of the halving when it comes to price action is also under the microscope. Add to that the turbulent macroeconomic and geopolitical status quo in the United States and beyond and it is all the more clear that crypto volatility catalysts are waiting at every turn. Cointelegraph takes a refreshed look at the major issues impacting BTC price action and how they might play out in the coming days into the February monthly close. Weekly close sends Bitcoin back to November 2021 Bitcoin put in a decidedly triumphant weekly close on Feb. 18 — its highest since November 2021 at around $52,100, per data from Cointelegraph Markets Pro and TradingView. BTC/USD 1-week chart. Source: TradingView This takes the market symbolically near the peak of what was then euphoria — a blow-off top at $69,000. Predictions for how the week would end had varied, with various support levels on the radar should the market reverse at the last minute. In the event, however, little volatility came, leading to $52,000 holding into the Asia trading session. “Bitcoin consolidating at $52,000 with the total market capitalization at $1.9T,” Michaël van de Poppe, founder and CEO of trading firm MNTrading, wrote in a summary on X (formerly Twitter). Van de Poppe expressed what is currently a popular theory when it comes to short-term BTC price performance — another leg higher before returning to test the mettle of recent gains. “The upside looks relatively capped for Bitcoin,” he continued. “My overall thesis is a continuation to $54-58K and then consolidation & broader correction. After that, rotation towards Altcoins.” Change has nonetheless evaded spot markets for most of the past week, with $52,000 and its associated resistance liquidity forming a “sticky” focal point. Joining in the near-term forecasting, Venturefounder, a contributor to on-chain analytics platform CryptoQuant, agreed with the $58,000 target. His basis, however, revolves around relative strength index (RSI) behavior. “If all follows, then the last BTC RSI peak signals breakout of downward channel, will push price higher (~$58k), then followed by a correction and this level will be made into strong support going forward (~$50k),” he concluded. #Bitcoin cycles are never the same, but it often rhymes: 1) Weekly RSI completing a bottoming movement, from lower highs, lower lows to higher highs and higher lows 2) Following the cycle top, The first three RSI peaks > 50 will have a strong reaction at resistance (either… pic.twitter.com/OW59mXPjdL — venturefoundΞr (@venturefounder) February 19, 2024 Over the weekend, Venturefounder, whose BTC price takes tend to err on the side of caution in the current environment, acknowledged the strong performance despite the spot Bitcoin exchange-traded funds (ETFs) making no purchases. As Cointelegraph continues to report, these form a major change to market dynamics, which has been in place for barely a month. “Honestly Bitcoin is holding up pretty well considered there is no daily 9-figure spot #BTC ETF buys on the weekend,” he summarized. “I think a degree of that is non-ETF buyers expecting continuation of the strong ETF net inflow and therefore buying the dip, essentially trying to front run the price next week.” Halving cycles spark contention The debate around the halving and its impact on price is getting ever more vocal with less than two months to go. For some, price performance in recent months — especially amid the emergence of institutional access via the U.S. spot ETFs — calls for a reevaluation of standard Bitcoin market cycles. The four-year circle revolving around halving events, they suggest, is seeing a challenge thanks to shifts in price coming at unusual times. #Bitcoin has made historyFor the first time ever, BTC has closed a weekly candle above the .618 FIB retrace from cycle high to cycle low prior to the halving: https://t.co/URAGEtuWKJ pic.twitter.com/MuhXMdrHF9 — Matthew Hyland (@MatthewHyland_) February 19, 2024 As Cointelegraph reported, others see the current cycles as “business as usual” — a cycle top should come months after the halving or even later. In some of his latest X engagement, popular trader and analyst Credible Crypto continued that narrative. “Is this time REALLY different? OR is it possible that this time is the SAME as all the prior times except people think it’s different because they have erroneously been using the halving as the single point of reference for our cycles?” he queried. Credible Crypto linked to a previous post from late last year in which he imagined a top in late 2024, followed by what he called the “first major secular Bitcoin bear market.” “In the coming months I expect further continuation upwards, at a more aggressive pace than we have seen thus far, as we build up to what will be a blow-off top for the books to conclude this multi-year cycle,” part of the post read. Before April’s halving, however, there remains plenty of opportunity for gains, as envisioned by fellow trader and analyst Rekt Capital, who notes that previous cycles saw a “pre-halving rally” beginning two months in advance. “BTC has one final Pre Halving Retrace left,” he added last week. “Historically, it tends to occur only a few weeks before the Halving.” Bitcoin price comparison. Source: Rekt Capital/X Global liquidity conditions favor crypto Caution marks the mood among macro analysts this week after recent U.S. inflation data gave the Federal Reserve a major headache. Prices, as shown by the Consumer Price Index (CPI) and Producer Price Index (PPI), advanced more than expected in January. Markets, which were previously confident that the Fed would U-turn on interest rate policy and reduce quantitative tightening (QT) as soon as March, quickly reevaluated the odds. This in turn dampens the tone for risk assets, which appreciate increasing liquidity as a basis for investor interest. That said, with the S&P 500 hitting all-time highs this month, a certain divergence between market performance and macro reality continues to play out. As Philip Swift, creator of Bitcoin statistics platform Look Into Bitcoin, noted, global liquidity conditions are conversely better than ever — a possible crypto catalyst in itself. “We are getting closer to Global Liquidity making a new all-time high,” he showed on X earlier in February alongside a chart of M2 money supply. “Arguably THE most important factor for a bull market. That's when the party really starts for bitcoin.” Global M2 money supply s. BTC/USD chart. Source: Philip Swift/X In the U.S., however, there remains plenty to unnerve markets and induce a more hawkish stance at the Fed prior to its next interest rates decision at the end of March. This week will see jobless claims and the minutes of the Fed’s January meeting, alongside the S&P Purchasing Managers’ Index (PMI) leading the pack, alongside various speaking appearances from Fed officials. Key Events This Week:1. Presidents Day, Markets Closed - Monday2. Fed Meeting Minutes - Wednesday3. S&P Global Services PMI data - Thursday4. Existing Home Sales data - Thursday5. Total of 5 Fed speaker events this week6. ~15% of S&P 500 companies report earnings… — The Kobeissi Letter (@KobeissiLetter) February 18, 2024 “We're watching the Fed minutes for color on rate cut timing,” trading resource The Kobeissi Letter announced in part of its weekly diary post on X. “Rate cuts are now being pushed out to June.” Bitcoin open interest matches 26-month record Recent days have seen a new all-time high in open interest (OI) for CME Group’s flagship Bitcoin futures. At $6.8 billion, OI saw a pronounced spike this month as ETF inflows surged and BTC price action delivered a return above key resistance levels. Now, a similar phenomenon is playing out elsewhere. According to the latest data from CoinGlass, total exchange OI hit $22.8 billion on Feb. 19, marking the highest levels since Bitcoin’s $69,000 all-time high. Bitcoin futures open interest (screenshot). Source: CoinGlass OI spikes have preceded periods of BTC price upside throughout recent months, but as analysts note, the volatility can run both ways. “Bitcoin is at a point where fresh positioning is very risky. The open interest on all coins reaches levels equal to the 2021 highs,” CryptoQuant contributor J.A. Maartunn warned last week. “Yes, the price can run higher, but the risk-reward ratio is NOT favorable.” #Bitcoin Open Interest is up only since February.It increased by +$3.3 Billion or +32%.Spot premium & Funding rates still neutral so that's good. pic.twitter.com/dSa0YmZEn2 — Daan Crypto Trades (@DaanCrypto) February 12, 2024 Countering the risk of a snap downside move are funding rates and leverage, both of which remain at comparatively manageable levels and suggest an overall lack of “irrational exuberance” among traders. Crypto sentiment drifts into "extreme greed" When it comes to cross-crypto sentiment, there are increasing signs that the average investor is reaching a state of euphoria. Related: Bitcoin price unlikely to hit all-time high before the halving — Here’s why The latest readings from the Crypto Fear & Greed Index show the highest levels of “greed” since the 2021 Bitcoin all-time high. Last week, the Index produced a score of 79/100, corresponding to “extreme greed” and briefly beating those 2021 levels. At the time of writing, Fear & Greed, itself a lagging indicator, stood at 75/100. Crypto Fear & Greed Index (screenshot). Source: Alternative.me “Absolute bullishness begets corrections. In 2021, after almost everyone is convinced there’s more upside after seeing $69k ATH, BTC rug pulled,” Venturefounder commented on market psychology over the weekend. “In Oct 2023, almost everyone is convinced $BTC will break below $25k again. Bitcoin doubled in few months without a major correction.” Fear & Greed historically flags an inbound long-term market correction when it reaches 90 or higher — something which has not occurred since Q1 2021. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

3 days ago
Coinstages
Coinstages
followers

Crypto fans are curious: Can Shiba Inu (SHIB) reach $1 in 2024? The story of SHIB, from its start in 2020 to its big rise in 2021, has been exciting. But as excitement grows, it’s important to look at what’s influencing SHIB’s future. Understanding SHIB’s potential and comparing it to other tokens is important in today’s changing crypto world. Let’s dive into SHIB’s price forecasts and explore the token with potential for growth. Introduction of Shiba Inu Token The Shiba Inu token, affectionately known as SHIB, burst onto the cryptocurrency scene in August 2020. It was created by an anonymous individual called Ryoshi and developed by lead developer Shytoshi Kusama. SHIB drew inspiration from the popular Dogecoin and features the likeness of the Shiba Inu dog breed. Operating on the Ethereum network, SHIB quickly gained popularity due to its unique concept and playful branding. In 2021, SHIB gained even more attention when Ethereum co-founder Vitalik Buterin made a significant donation of SHIB tokens to the India COVID fund. This act of philanthropy sparked a frenzy of interest, leading to a rapid increase in SHIB’s value to unprecedented heights. Speculation on SHIB’s Future Price In the midst of the excitement surrounding SHIB, there’s widespread speculation about its future price trajectory. Many investors are optimistic that SHIB will maintain its upward momentum, potentially reaching the sought-after $1 mark by the close of 2024. Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com Supporters of this bullish outlook highlight SHIB’s past performance, noting its remarkable growth over a relatively short period. They see SHIB’s potential to continue on this trajectory, driven by factors such as increasing adoption and market demand. However, it’s important to approach such predictions with caution. The cryptocurrency market is renowned for its volatility and unpredictability, making it challenging to forecast future price movements with certainty. Investors should weigh the potential risks alongside the anticipated rewards when considering investments in SHIB or any other cryptocurrency. Challenges in Reaching $1 for SHIB One of the primary hurdles to SHIB’s ascent to $1 in 2024 is its substantial supply. With a total supply of 1 quadrillion tokens and a circulating supply of around 589 trillion tokens, achieving a $1 price would demand an unprecedented market capitalization. Given the current state of the cryptocurrency market and the global economic landscape, attaining such a lofty goal appears unrealistic. The market dynamics and economic conditions pose significant challenges to SHIB’s ability to reach such a high valuation within the specified timeframe. Influence of Sentiment and Uncertain Path to $1 Moreover, SHIB’s price is heavily influenced by market sentiment and speculation rather than intrinsic value or utility. While its community-driven nature has fueled its popularity, it also renders SHIB vulnerable to extreme price fluctuations and speculative activities like pump-and-dump schemes. In the absence of solid fundamentals to underpin its valuation, SHIB’s journey to $1 becomes increasingly uncertain. While optimism surrounds SHIB, these factors suggest that achieving this milestone may prove to be a formidable challenge. ⚠️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 #SHIB2024

3 days ago
Cryptopolitan
Cryptopolitan
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When markets start climbing, general wisdom dictates that there are more buyers than sellers. Institutional investors have woken up to the value proposition of fixed monetary policy in an era of incessant money printing. Digital assets have broken well into the mainstream, and demand for Bitcoin ( $BTC ) is 10X the supply.Projects with solid tokenomics models are getting repriced as everyone wants to own tokens with fixed or deflationary supplies- these are the top cryptos to buy right now. The Galaxy Fox ($GFOX) presale is 98% sold out as early investors bet on a massive price squeeze post-launch. And the $BTC / memecoin portfolio build looks primed to outperform markets.Bitcoin ( $BTC ): Demand Outstrips Supply Demand for $BTC is red hot, and the inflows from ETFs keep pumping the numbers. ETF issuers already own 3.5% of the circulating supply, and the massive imbalance between demand and supply is only set to get worse post-halving. What does this mean for existing holders? More upwards price action.Michael Saylor stated in a CNBC interview, ‘There’s ten times as much demand for Bitcoin coming into these ETFs as there is supply coming from the natural sellers who are the miners.’ Institutional investors want $BTC exposure, and alongside $BTC rallying, mining stocks are pumping, and Coinbase ($COIN) is soaring after its quarterly earnings release.This massive imbalance between supply and demand means Bitcoin is a top crypto to buy now, especially before the halving when issuance will get cut in half. Galaxy Fox ($GFOX) Presale 98% Sold Out Galaxy Fox’s presale is already 98% sold out, and this nascent hybrid protocol has raised over $3.3 million in the space of several weeks. Is it the front-runner among the top cryptos to buy right now? Investors are flooding into this presale for two reasons. First, Galaxy Fox’s unique hybrid design makes it one of the only liquid vehicles on the market for exposure to the growth of GameFi and memecoin speculation.Second, its tokenomics model is in a whole new league compared to its competitors. Supply and demand dynamics have an oversized effect in bullish conditions. Galaxy Fox’s token burn ensures a constantly reducing supply. Additionally, the protocol leverages a taxation system to pay stakers, equating to no net new issuance of $GFOX post-presale.The total supply will be down only following the TGE, and when staking rewards start appearing, demand for $GFOX will naturally increase. More capital chasing fewer tokens means high-octane price gains. This is why $GFOX is one of the best cryptocurrencies to buy currently.Galaxy Fox’s play-to-earn runner game allows players to earn real cash via competing, and at the end of each season, prizes are paid out. Those who want an edge can mint one of 3,000 unique NFTs and enjoy in-game stat bonuses. Staking rewards are another prominent ecosystem feature, and anybody who holds $GFOX can start earning immediately.  Closing Thoughts: Deflationary Tokenomics In A Bull Market Bitcoin is a hit with TradFi money because of its fixed monetary policy. Soon, demand will spill out into broader crypto markets with the Ethereum ($ETH) ETF, and this is when altcoins will start rallying like crazy.Everybody should be trying to get ahead of this wave and find the top cryptos to buy right now. $GFOX in its presale stage is a no-brainer, and the only thing better than a fixed supply is a deflationary supply. Already 98% sold out; if you want to get in early, you will have to move fast.  Learn more about $GFOX here: Visit Galaxy Fox Presale | Join the Community

4 days ago
Muhammad Amir Rajpoot
Muhammad Amir Rajpoot
followers

🧠💬 Let's Break it Down: $SHIB to $1? 🚫💰 Anyone claiming SHIB will hit $1 may need a reality check. Why? Here's the math: $SHIB 's total supply is nearly 600 trillion. For it to hit $1, the market cap would need to skyrocket to a staggering $600 trillion. 📉💸 💢💢💢💢💢💢💢💢💢💢💢💢💢💢💢 To Get Your's Crypto Reward 💰 Free Click on my Profile & in Pinned Post Claim Free 3 USDT Gift 🎁 💯☑️ 💢💢💢💢💢💢💢💢💢💢💢💢💢💢💢 Consider this: The entire crypto market's market cap is around $1.95 trillion, and a significant chunk of that, about $1 trillion, belongs to BTC. 🌐💡 Calling for $1 $SHIB might sound appealing, but realistically, it's a big challenge given the current market dynamics. Understanding the fundamentals is key! 🤓📊 #CryptoRealism #SHIBAnalysis #Write2Earn #TrendingTopic #ShibaInuAirdrop

3 days ago

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