Analyst’s Insight CryptoCon, a crypto analyst, has identified a crucial price point for Bitcoin: $57,938. He believes a drop to this level could be beneficial for Bitcoin’s long-term growth. Why $57,938 Matters This price represents the 20-week Exponential Moving Average (EMA). A decline to this level would provide a “boredom and sideways price action” that…
Ric Edelman, a financial expert with $291 billion under management, predicts that Bitcoin will reach a staggering $420,000. Here’s why: Reasons for the Surge Edelman believes that a modest global allocation of just 1% of assets to Bitcoin could result in a market cap of $7.4 trillion. This would drive the price up significantly. Advantages…
Cramer’s Bold Claim CNBC’s Jim Cramer has made waves by saying that Bitcoin is a better investment than MicroStrategy stock. Despite MicroStrategy’s impressive 85% gain this year, Cramer thinks Bitcoin’s 125% rise is more promising. MicroStrategy’s Bitcoin Love MicroStrategy remains a strong supporter of Bitcoin. CEO Michael Saylor is a huge fan and has personally…
Miners Feeling the Pinch Bitcoin has been hovering above $60,000, but miners’ recent actions could shake things up. The halving, which reduced the block reward by half, has put miners in a tight spot. Revenue Drop and Increased Pressure Miners rely on rewards and transaction fees for income. The halving has slashed their revenue, and…
SEC Classification Conundrum The Securities and Exchange Commission (SEC) views Ethereum (ETH) as a security, not a commodity. This distinction is crucial because commodity ETFs are easier to approve than security ETFs. Slim Chances of Approval Bloomberg analysts believe the SEC’s recent inquiries about whether Ethereum ETF proposals qualify as commodities indicate that the SEC…
Background: Vitalik Buterin’s SHIB Burn In 2021, Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB tokens, sparking a surge in the token’s value. This act was seen as a sign of his belief in the project and a gesture of decentralization. K9 Finance’s Burn Inspired by Buterin’s burn, K9 Finance, a liquid staking platform for…
In-Game Purchases: A Lucrative Market In-game purchases, such as skins and virtual currencies, have become a multi-billion dollar industry. However, these purchases are often limited to specific game ecosystems and are not tradable or monetizable by players. On-Chain Purchases: A Solution Web 3.0 and blockchain technology offer a solution to this problem. By storing in-game…
A prominent crypto strategist, Ali Martinez, is predicting a massive rally for VeChain (VET), a blockchain project focused on supply chain management. VeChain (VET) Martinez believes VET could surge by over 1,660% by the end of 2024, reaching a potential high of $0.60. This prediction is based on the altcoin’s historical price action, which Martinez…
The State of Wisconsin has invested nearly $163 million in two major Bitcoin exchange-traded funds (ETFs): BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC). Investment Details The investment was made before March 15, 2024, the deadline for institutional investors to disclose their first-quarter holdings. The State of Wisconsin Investment Board, which manages investments…
As Bitcoin’s price continues to swing, investors are wondering when it will hit its lowest point. Some believe it’s already happened, while others predict further declines. Expert’s Prediction Dave the Wave, a crypto expert who accurately predicted the 2021 Bitcoin peak, has now made a prediction for the bottom in 2024. Indicators of a Bottom…
