Altcoins Set for Major Surge, Analyst Predicts
A renowned crypto analyst, TechDev, has analyzed technical indicators and predicts a significant breakout for…
Altcoins Set for Major Surge, Analyst Predicts
A renowned crypto analyst, TechDev, has analyzed technical indicators and predicts a significant breakout for altcoins. Historic Pattern Repeating TechDev observes that the altcoin market cap structure is mirroring a bullish pattern seen in previous market cycles. The market cap, excluding the top 10 cryptocurrencies, is poised to repeat the breakout, retracement, and subsequent surge…
Bitcoin’s Bull Run: Analyst Predicts New Highs, NEAR to Shine
Bitcoin’s Path to the Top Analyst Bluntz predicts that Bitcoin (BTC) will reach a new all-time high within the next two weeks. Using Elliott Wave theory, he believes the current surge is part of a larger wave three rally, with more gains to come. Bluntz anticipates BTC to reach $90,000 before a correction to $80,000….
Memecoins Fueling Adoption for Base Network
Jesse Pollak, creator of Base, a layer-2 network backed by Coinbase, has highlighted the role of memecoins in driving adoption for the platform. Memecoins as Onboarding Tools Pollak believes that memecoins are attracting a large number of new users to Base. He notes that these coins are often driven by creativity and community engagement, which…
Bitcoin Price Forecast: Trader Predicts $169,500 Top
A well-known trader who accurately predicted the 2022 bear market bottom has shared his Bitcoin forecast after last week’s halving. Diminishing Returns Dave the Wave, the pseudonymous analyst, believes Bitcoin has consistently seen diminishing returns after every bull market since 2012. He expects gains of over 626% from the bottom, significantly lower than the 1,275%…
Bitcoin Market Still Bullish After Halving
Market Dynamics Despite the recent Bitcoin halving, the market remains positive. Bitfinex’s analysis shows: Increased Exchange Withdrawals: Investors are moving Bitcoin to cold storage, indicating anticipation of price increases. Strong Demand: New market participants are absorbing selling pressure, preventing a pre-halving price decline. ETF Inflows: Spot Bitcoin ETFs are seeing significant inflows, creating a supply-demand…
Standard Chartered Predicts Bitcoin’s Rise to $150,000 by Year-End
Key Drivers of Bitcoin’s Rally ETF Inflows: The surge in investment into Bitcoin ETFs in the US has been a major catalyst for price growth. Kendrick estimates that $50-$100 billion could flow into these ETFs as the market matures. Bitcoin Halving: The upcoming halving event, which reduces the number of new Bitcoins mined, will limit…
TREAT: Shiba Inu’s Key to Success
TREAT’s Role in the Ecosystem Shiba Inu recently announced a $12 million investment to develop TREAT, a non-stable token within its ecosystem. TREAT will play several crucial roles: Reward Token: Users who stake or provide liquidity using SHIB tokens will earn TREAT as rewards. Governance Token: TREAT holders will have voting rights to shape the…
Bitcoin ETF Surge: BlackRock’s IBIT Leads the Charge
IBIT’s Record-Breaking Inflows BlackRock’s iShares Bitcoin Trust (IBIT) has become a hot topic, with an unprecedented 70 consecutive days of inflows. This streak has placed IBIT among the top 10 ETFs with the longest daily inflow runs. Bitcoin ETF Revolution The launch of spot Bitcoin ETFs in 2024 has made it easier for investors to…
Bitcoin Dominance Dips: Investors Diversify
Bitcoin Halving Impact After the Bitcoin halving event on April 20th, analyst Michael van de Poppe noticed a shift in the crypto market. Bitcoin’s dominance, which measures its market share, has been declining. Investors Moving Away from BTC Data shows that Bitcoin’s dominance has dropped to 55.29%, indicating that investors are diversifying their portfolios into…
Crypto Boom in the Middle East: 500,000 Daily Traders Fuel the Surge
The Middle East is experiencing a digital gold rush as cryptocurrency markets soar in popularity. Crypto for the Masses Research shows that around 500,000 people in the region trade cryptocurrencies daily. The United Arab Emirates (UAE) leads the way with a crypto-friendly regulatory framework. Other countries are following suit, moving from bans to more tolerant…
