Crypto analyst Jason Pizzino believes Bitcoin (BTC) could reach its peak sooner than expected, breaking away from a historical pattern. Unprecedented Price Action In previous cycles, Bitcoin typically pulled back after hitting the 50% retracement level on the monthly chart. However, this cycle, Bitcoin has remained above this level, signaling a stronger market. Possible Earlier…
Analyst’s Insights Despite XRP’s recent setbacks, crypto analyst CrediBull Crypto believes it’s still a profitable investment. He points to XRP’s historical performance, which has seen it surge by 60x and 17x in short periods. Technical Indicators CrediBull Crypto notes that technical indicators are signaling a potential bullish uptrend for XRP. He predicts that XRP will…
Bitcoin recently took a tumble, dropping below $51,000. Here’s what might be behind this dip: Whale Activity “Whales” in the Bitcoin world are investors holding a lot of Bitcoin (between 1,000 and 10,000). They can have a big impact on the market. Recently, these whales have been selling off their Bitcoin in a big way….
Spot Bitcoin ETFs Surge Bitcoin ETFs, which track the crypto’s price, have seen record inflows. Over $2.2 billion poured in during February 12th-16th, the highest weekly inflow ever. BlackRock’s IBIT Leads the Way BlackRock’s iShares Bitcoin ETF (IBIT) has been the top performer, attracting $1.6 billion last week. It now has over $5.2 billion in…
Burn Rate Stalls Over the past 24 hours, the Shiba Inu burn rate has hit a standstill. Only 2 million SHIB tokens have been burned, a significant drop from previous levels. This decline suggests that SHIB users are less engaged in reducing the coin’s supply. Waning Interest in Burning Earlier this year, burning SHIB tokens…
A crypto expert who predicted the end of Bitcoin’s 2021 rally believes the altcoin market is poised for a major surge. Altcoin Market Cap to Skyrocket The analyst, known as Pentoshi, tracks the TOTAL3 chart, which excludes Bitcoin, Ethereum, and stablecoins. He predicts a meteoric rise of over 264% in the total market cap of…
A new crypto project backed by Polygon Labs and Animoca Brands is introducing a “proof of humanity” protocol that uses palm recognition technology. How It Works The protocol uses palm scanning to verify users’ identities, ensuring they are real people and not AI. This is similar to how Worldcoin uses iris scanning. Advantages The protocol…
Analyst’s Track Record Dave the Wave, a trader who accurately predicted the May 2021 crypto crash, has released a price prediction for Bitcoin (BTC) based on a reliable historical model. Logarithmic Growth Curve (LGC) The LGC model predicts Bitcoin’s market cycle highs and lows by filtering out short-term volatility. Dave the Wave believes Bitcoin will…
A long-dormant Ethereum whale from the 2014 ICO has come to life, depositing a significant amount of ETH into the Kraken exchange. Whale’s Massive Investment The whale purchased Ethereum at the ICO price of $0.31. If they were to sell their ETH above $3,000, they would have made a staggering 10,000x or 1,000,000% return on…
Worldcoin’s Surge The cryptocurrency Worldcoin (WLD) has skyrocketed by 188% in the past two weeks. This surge is partly attributed to the popularity of OpenAI’s Sora text-to-video app, which uses WLD as its native token. Benefitting Creditors This surge has provided significant relief to two of WLD’s largest holders: Three Arrows Capital (3AC) and FTX’s…
