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A Shiba Inu (SHIB) holder has made a massive profit after holding onto the memecoin for over three years. 3.5-Year Patience Pays Off On-chain data from Lookonchain reveals that the investor bought 48 billion SHIB in February 2021 for $2,625. On May 27th, they sold their holdings for $1.1 million, a gain of over $1.09…
Memecoins on the Rise Crypto analyst Bluntz believes that two popular memecoins, Pepe (PEPE) and Floki (FLOKI), are poised for further gains. PEPE: Bluntz predicts a potential surge to $0.000028, representing a 75% increase from its current price. FLOKI: Bluntz anticipates a new all-time high of $0.00044, based on its recent price action. Ethereum’s Next…
Former Coinbase executive Balaji Srinivasan has criticized the Federal Reserve for its “unpredictable monetary policy.” Predictable vs. Unpredictable Srinivasan argues that Bitcoin has a “predictable monetary policy” because its issuance is determined by a set schedule. In contrast, he says the Fed “just pick[s] rates out of a hat” based on outdated data and political…
The Halving Effect: A Catalyst for Growth A crypto analyst predicts that Bitcoin could reach $156,000 by May 2025. This prediction is based on the “halving” phenomenon, where the number of Bitcoins rewarded for mining is cut in half every four years. Historically, this has led to price increases: 2012 halving: 8,300% increase 2016 halving:…
What Whales Are Doing Major Bitcoin holders, known as “whales,” are changing the distribution of liquidity. They’re reducing sell orders at higher prices and increasing buy orders between $60,000 and $67,000. This is pushing Bitcoin into a narrower price range. Bullish Outlook Despite recent price fluctuations, analysts remain optimistic about Bitcoin’s long-term prospects. They cite…
Ripple Labs has pledged another $25 million to Fairshake, a political action committee (PAC) that supports candidates who promote cryptocurrency-friendly policies. This brings Ripple’s total contribution to Fairshake to $50 million, making it the PAC’s largest donor. Ripple’s Political Strategy Fairshake supports candidates from both major political parties who advocate for laws that encourage crypto…
Deaton’s Criticism of Gensler Prominent XRP attorney John Deaton has been outspoken in his criticism of SEC Chairman Gary Gensler’s regulatory approach. Deaton argues that Gensler’s actions against companies like Ripple, LBRY, and Coinbase have been harmful and antagonistic. He believes that the SEC’s relentless pursuit of Ripple executives has created a negative impact on…
Changing Perceptions Following the approval of Bitcoin spot ETFs, a survey by Grayscale reveals a significant shift in American voters’ attitudes towards cryptocurrencies. Bitcoin as a Future Investment Two-thirds of Bitcoin owners view it as an investment in blockchain technology’s future. Over 65% of voters consider Bitcoin a future investment, while 53% see it as…
Bitcoin Dominance Bitcoin remains the king of crypto, with over 50% of the market value. This dominance limits the growth potential for altcoins. Altcoin Season Index The Altcoin Season Index, which measures the outperformance of altcoins against Bitcoin, currently sits at 35. An index value of 75 indicates the start of an altcoin season. Ethereum’s…
Crypto whales have been snapping up Chiliz (CHZ), an Ethereum-based fan engagement token, sending its trading volume to its highest level in 22 months. Whale Activity According to analytics firm Santiment, whale addresses holding at least 10 million CHZ tokens have accumulated 42.67 million CHZ in the past month. This surge in whale activity has…
