Cathie Wood, CEO of ARK Invest, believes that major broker-dealers will only accept spot exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH). Spot ETFs Gaining Traction Since the approval of spot BTC ETFs, Wood has observed increased interest from large platforms like Morgan Stanley and UBS. She anticipates that these wirehouses will soon offer…
A popular trader predicts a 147% surge for Dogecoin (DOGE), calling it “one of the safest trades” currently. The analyst cites factors such as retail interest, potential tweets from Elon Musk, and relatively low downside risk. Solana and Chainlink Regarding Solana (SOL), the trader expects higher prices later this year but anticipates lower volatility in…
Analysts at Glassnode, a blockchain analytics firm, predict a significant surge in Bitcoin’s value. Resistance at $72,000 Co-founders Jan Happel and Yann Allemann believe that if Bitcoin breaks through the “formidable” resistance level of $72,000, it could reach an unprecedented high of $75,000. Market Range and Potential Trigger Currently, Bitcoin is expected to trade within…
Accumulation Phase CryptoQuant CEO Ki Young-Ju noticed similarities between Bitcoin’s current behavior and mid-2020. Back then, prices were stagnant, but there was a lot of activity behind the scenes. Young-Ju’s charts show a surge in the “realized cap for new whales” in mid-2020. This means large investors were buying up Bitcoin. Despite the current sideways…
Bitcoin Block Size Debate In 2015-2017, the Bitcoin community was divided over the block size debate. Small blockers wanted to keep block sizes small to maintain decentralization and accessibility. Big blockers argued for larger blocks to reduce transaction fees and increase Bitcoin’s utility as a digital currency. Small Blockers’ Perspective Concerned about centralization if block…
Why Dogecoin? A crypto analyst, Altcoin Sherpa, believes Dogecoin (DOGE) is a safe investment with potential for significant gains. Here’s why: Retail Investors: Retail investors are accumulating DOGE, driving up demand and price. Social Media Influence: Elon Musk’s tweets have historically boosted DOGE’s value. Liquidity: DOGE is easy to buy and sell without affecting its…
Elon Musk has addressed rumors about conversations with Donald Trump regarding cryptocurrencies. Trump-Musk Crypto Speculations Musk stated that he doesn’t recall discussing crypto with Trump, despite his support for initiatives that empower individuals over government. He also clarified that he won’t support either presidential campaign financially. Potential Advisory Role for Musk According to The Wall…
Celebrities’ Role in the Crypto World Celebrities are playing a significant role in the crypto industry. Their endorsements can raise awareness and encourage investment in digital assets. When Celebrities Get Involved According to Capo of Crypto, a market expert, when celebrities show interest in crypto, it often signals a final surge before a market peak….
JPMorgan Chase CEO Jamie Dimon has expressed concerns about the potential economic consequences of excessive government spending. At a recent conference, Dimon stated that he believes the current level of fiscal stimulus could lead to stagflation, a combination of high inflation, unemployment, and low growth. He emphasized that the unprecedented level of spending in recent…
Render (RNDR): A Promising AI Altcoin Crypto analyst Altcoin Sherpa believes Render, an AI-focused blockchain, is poised for a strong performance. He suggests that RNDR is consolidating within a trading range and is ready to break out to the upside. Lido DAO (LDO): Retesting Support Altcoin Sherpa warns that LDO, an Ethereum staking project, may…
