Memecoin on the Rise Analyst The Flow Horse predicts a bright future for the memecoin dogwifhat (WIF). Despite a current lull, he believes WIF will surge in the second half of 2024. He sees a potential “pump” after a period of sideways trading, making it an attractive buy opportunity during the summer dip. Altcoin in…
Allegations and Defamation Former JPMorgan Securities financial advisor Michael Nolan accused the bank of defamation after it filed a Form U5 with FINRA alleging he violated company policy and shared sensitive information with a client. FINRA’s Ruling After an arbitration process, FINRA ordered JPMorgan Chase to pay Nolan $250,000 in damages. The regulator also directed…
Blockchain analytics firm Glassnode believes that Bitcoin (BTC) is still in the early stages of a bull run, despite recent price declines. On-Chain Metrics Suggest Continued Euphoria Glassnode analyzed on-chain metrics and found that Bitcoin’s current price correction is relatively mild compared to previous market cycles. The firm argues that the magnitude of price drawdowns…
Bitcoin has caught the attention of investors again. Some analysts believe it could see a significant price drop before the next halving event. Historical Patterns Analyst Rekt Capital has studied past Bitcoin cycles. In 2016 and 2020, Bitcoin experienced retracements of around 30% and 20%, respectively. This suggests that a more substantial downturn of around…
Coinbase, a major crypto exchange, is appealing a court ruling in its lawsuit against the Securities and Exchange Commission (SEC). The dispute centers on the definition of an “investment contract” under securities laws. Coinbase’s Argument Coinbase argues that trading digital assets does not meet the criteria of an investment contract under the Howey Test. This…
Bullish Optimism Adam Back, CEO of Blockstream, believes Bitcoin is “super cheap” right now. He predicts that its true value will be realized over time, potentially reaching $100,000. Bearish Sentiments Jeff Ross, CEO of Vailshire Capital, is more cautious. He predicts a 40% correction in Bitcoin’s price after the halving event. He advises investors to…
Market Downturn Ethereum, like other cryptocurrencies, has been hit by a price drop due to rising tensions in the Middle East. Whale Accumulation Despite the panic selling by retail investors, “whales” (large investors) are buying Ethereum at low prices. Specific Whale Transactions One whale withdrew 62,141 ETH ($202.6 million) from Binance in the past five…
Since the start of the year, the crypto world has witnessed an explosion of new digital assets, with over 540,000 cryptocurrencies created in just four months. Rapid Growth According to data from CoinGecko, the total number of crypto assets has now reached 2.52 million. This is a staggering increase from the 440,000 coins that existed…
Bitcoin Bottom and Rally A seasoned trader who accurately predicted the Bitcoin bottom in 2018 believes the recent dip has set the stage for a rally to new all-time highs. Analyst Bluntz analyzed the Bitcoin chart using Elliott Wave theory, which suggests a three-part correction followed by an uptrend. Bluntz believes Bitcoin has completed this…
Investor’s Perspective Venture capitalist Chris Burniske has drawn parallels between the recent performance of Celestia (TIA) and Solana (SOL) in 2020. He believes TIA may have the potential to replicate SOL’s 100x rally. Solana’s Historic Rise Burniske notes that SOL experienced a significant dip followed by a remarkable 10,000% rally in 2021. He advises investors…
