Analyst Jamie Coutts predicts a surge in high-quality altcoins as global liquidity increases. Extreme Bearish Levels Coutts notes that a market indicator known as the “Top 200 Equal Weight vs. Market Cap Weight Ratio” is currently at extremely bearish levels. This has historically signaled upcoming cyclical bottoms and mid-cycle entries. Altseason Index Earlier this month,…
Cryptocurrency analyst Kevin Svenson believes an important Bitcoin metric indicates a potential surge in altcoins. Bitcoin Dominance Declining Svenson highlights Bitcoin dominance, which measures Bitcoin’s market value relative to other cryptocurrencies. He observes that dominance is falling below its trend line, suggesting that altcoins may be poised for growth. Altcoins Gaining Strength Svenson notes that…
A popular cryptocurrency trader, known as Kaleo, predicts a significant surge in Dogecoin’s (DOGE) value. Potential Surge Kaleo believes DOGE could increase by 700% to 1,500% from its current price of $0.125. He attributes this prediction to the ongoing “meme coin supercycle” and historical patterns. Timing According to Kaleo, Dogecoin’s rally could begin in December…
Sell-Offs by Major Governments One key factor behind Bitcoin’s decline has been large sell-offs by governments. The German government recently sold around 2,786 BTC, while the US government has also moved 4,000 BTC from its wallets to Coinbase. These transfers suggest that these coins are likely to be sold, as centralized exchanges like Coinbase offer…
Government Sales: Not a Cause for Concern Despite recent sales of Bitcoin by the US and German governments, industry experts believe these moves could actually be bullish for the market. Minimal Impact on Market Ki Young Ju, CEO of CryptoQuant, argues that the impact of these sales on the market is likely minimal. He notes…
Chang Hard Fork The Cardano blockchain is preparing for the Chang hard fork, a significant update that will introduce a decentralized governance model. This move aims to distribute decision-making power more evenly among stakeholders. Governance Reform The Cardano Foundation has outlined a framework for governance reform that includes: Delegate Representatives (DReps): Elected representatives who vote…
US Government Transfers Bitcoin to Coinbase The US government has sent $240 million worth of Bitcoin (BTC) to Coinbase Prime. This raises concerns that the government may be selling its BTC holdings, adding to the downward pressure on the cryptocurrency. The BTC was seized from a narcotics trafficker and is part of a larger amount…
VanEck’s Historic Move VanEck, a renowned asset manager, has submitted the first-ever Spot Solana ETF (Exchange-Traded Fund) to the US Securities and Exchange Commission (SEC). This marks a significant milestone for the cryptocurrency industry. Why Solana? VanEck believes Solana has the potential to rival Ethereum and offer a wide range of applications, including payments, trading,…
The Elusive Mastermind Ruja Ignatova, the enigmatic “Crypto Queen,” remains at large despite the FBI’s increased reward for her capture. Once a charismatic figure in the cryptocurrency world, Ignatova vanished in 2017 after being indicted for fraud. The OneCoin Scam OneCoin, the project Ignatova co-founded, lured investors with promises of astronomical returns on a supposed…
Traditional Banking’s Shortcomings Traditional banking systems often face issues like high fees, slow processing times, and limited access for the unbanked. These challenges hinder financial inclusion, especially in developing countries. Crypto and Digital Payments as Alternatives Cryptocurrencies and digital payments offer decentralized, borderless, and transparent transactions, reducing reliance on traditional financial institutions. They are gaining…
