A prominent crypto analyst predicts a significant surge in Bitcoin (BTC) within the next seven to ten days. Potential Dip Before Breakout The analyst, known as Credible, suggests that BTC may experience a brief dip to around $62,000 before triggering a parabolic rally. He believes this correction is necessary to clear out any remaining selling…
Network Activity Surge Bitcoin’s network activity has seen a significant uptick, with over 750,000 addresses active in the past 24 hours. This suggests that more users are returning to the Bitcoin ecosystem, which could boost its price. Declining Exchange Supply Investors are holding onto their Bitcoin rather than selling it, as evidenced by the decline…
Solana (SOL) is at a crossroads. Once a star in the 2023 crypto rally, it’s now stuck between $155 and $170. Investors are unsure whether it will break out or slide further. Technical Tug-of-War Technical indicators give mixed signals. The “death cross” suggests a potential decline, but the RSI indicates some buying pressure. Social Media…
Bitcoin (BTC) is expected to make a significant move soon, according to analysts. After 87 days of consolidation, the world’s largest cryptocurrency is showing signs of breaking out. Technical Patterns Crypto analyst Faibik has identified a Descending Broadening Wedge pattern on Bitcoin’s daily chart, which suggests a price squeeze that often precedes a breakout. A…
Pattern Recognition Crypto analyst Moataz Elsayed has noticed a repeating pattern in Shiba Inu’s (SHIB) price history. After a surge following its listing on Binance in 2021, SHIB experienced a correction and then a breakout. Historical Data In May 2021, SHIB rose to $0.00005 after being listed on Binance. After a correction, it broke out…
Despite regulatory challenges and controversies, Binance, the world’s largest cryptocurrency exchange, has reached a significant milestone. Unwavering Growth Binance has announced that it has surpassed 200 million users, solidifying its dominance in the crypto industry. This growth comes despite facing intense scrutiny from regulators worldwide. Weathering the Storm Binance has faced a barrage of regulatory…
Rumors Quashed Ripple’s Chief Technology Officer (CTO), David Schwartz, has dismissed rumors that the company is considering ditching its association with XRP. These rumors had been circulating after a misunderstanding about Schwartz’s cover photo on Twitter. Schwartz clarified that the lines in his cover photo were part of a fictional movie pitch and did not…
South Korea’s Financial Services Commission (FSC) has stepped into the NFT arena with new regulations. These guidelines aim to clarify the NFT market and protect investors while encouraging innovation. Fungibility: The Key Concept The FSC’s approach focuses on fungibility, the ability of NFTs to be exchanged for identical ones. NFTs that are mass-produced and act…
Ethereum Gas Fees: A Pain Point The debate over Ethereum gas fees has been a hot topic in the crypto world. Uniswap founder Hayden Adams recently shared his thoughts on the matter. Adams’ Vision: Gas Fees Be Gone Adams believes that gas fees should be a thing of the past. He argues that they shouldn’t…
Undervalued Altcoin: Mythos (MYTH) Analyst Inmortal believes Mythos is undervalued due to its strong fundamentals, including: Exclusive NFT marketplace approved by the App Store Partnership with popular NFT project Pudgy Penguins GameFi’s growing narrative as the next big trend Bullish Signals for MYTH: Consecutive higher lows Price above its 200-day moving average Deviation setup with…
