Glassnode, a data analysis company, has revealed that a whopping 9.5% of Bitcoin’s total supply was purchased when the price was above $60,000. That’s a staggering 1.87 million Bitcoin! Short-Term and Long-Term Holders The data shows that the majority of these high-priced purchases were made by short-term holders (STHs), who bought their coins within the…
Charges Against KuCoin On March 26th, the US Department of Justice (DOJ) and Commodity and Futures Trading Commission (CFTC) sued KuCoin, accusing it of: Breaking anti-money laundering laws Operating an unlicensed money transfer business Failing to register as a futures commission merchant Impact on KuCoin Token Price Drop: KuCoin’s token (KCS) has fallen 18.9% in…
Venture capitalist Anthony Pompliano is optimistic about Bitcoin’s future, predicting a “supply shock” after the recent price surge. Record-Breaking Milestone Bitcoin has recently achieved a “really important milestone” by hitting its highest weekly, monthly, and quarterly closes. According to Pompliano, this has historically been followed by a significant increase in Bitcoin’s value. Demand and Supply…
A wealthy investor has been accumulating significant amounts of two Solana-based memecoins, according to data from Lookonchain. Major Purchases The investor recently purchased 181 million cat in a dog’s world (MEW) and 776,830 dogwifhat (WIF) within a short period. Memecoin Market At the time of writing, MEW has surged over 45% in the past day,…
Bullish Outlook Quant analyst PlanB believes Bitcoin (BTC) has the potential to surge over 400% in this market cycle. He suggests that a peak of $200,000 would be disappointing. PlanB’s stock-to-flow model, which compares the supply of a commodity to its annual production, indicates that BTC could rally by over 660% before the cycle ends….
Crypto’s Regulatory Status The SEC has long claimed authority over digital assets as securities. This is why attorney Bill Morgan believes the SEC is primarily targeting the regulation of all cryptocurrencies. SEC’s Focus on Crypto Status Morgan highlights the SEC’s interlocutory appeal, where they argued that XRP is merely computer code with no intrinsic value….
Cardano has been struggling lately, but a crypto analyst predicts a major surge is coming. The Analyst’s Prediction Dan Gambardello, a Cardano enthusiast, believes ADA is poised for a breakout. He compares Cardano’s current performance to its behavior before the last bull market, when it was undervalued compared to other coins. Gambardello’s chart shows a…
Current Market Turbulence Bitcoin has taken a hit, losing over 12% of its value in the past week. This has sparked concerns about the future of Bitcoin and other cryptocurrencies. Michael Saylor’s Perspective Despite the downturn, Bitcoin advocate Michael Saylor remains optimistic. He believes investors should focus on the long term. Reframing Bitcoin as Digital…
Shiba Inu’s Strong Fundamentals A crypto analyst named Altcoin Sherpa believes that Shiba Inu (SHIB) has a chance of becoming the top meme coin, surpassing Dogecoin (DOGE). This is because SHIB’s fundamentals have been improving, including an increase in the number of tokens being burned. Shibarium: A Game-Changer Shiba Inu has an advantage over Dogecoin…
A crypto analyst believes Dogecoin (DOGE) could skyrocket if it follows a pattern from 2018-2021. Dogecoin’s Potential Ali Martinez, a crypto strategist, suggests DOGE could gain 5,900% from its current value of $0.20. He compares the current DOGE chart to the 2018-2021 pattern, indicating a potential “massive parabolic bull run.” Ethereum’s Bullish Trend Martinez also…
