Abra CEO Bill Barhydt predicts a staggering $50 trillion market capitalization for digital assets within a decade. The catalyst for this surge? The tokenization of real-world assets (RWAs). Tokenization Revolution Barhydt believes that tokenizing RWAs, such as real estate, stocks, and bonds, will make them fungible and accessible to a wider range of investors. This…
Why It Matters Crypto analyst Ali Martinez says that $59,800 is a crucial level for Bitcoin. If the price drops below this level, it could trigger significant corrections. The Short-Term Holder’s Realized Price The short-term holder’s (STH) realized price is the average price at which short-term Bitcoin investors bought their coins. A drop to $59,800…
Lawsuit Sparks Debate Consensys, a blockchain software company, has sued the SEC, claiming that Ethereum (ETH) is not a security. This has raised questions about the SEC’s regulatory approach to cryptocurrencies. Consensys’ Unrealistic Demands Consensys is asking the court to declare that: ETH is not a security. Any SEC investigation or enforcement related to ETH…
A New Era for Crypto The US Congress is considering legislation that could have a bigger impact than the introduction of spot Bitcoin ETFs. Bitwise CIO Matt Hougan believes that 2024 could bring “groundbreaking” legal frameworks that will pave the way for widespread adoption of stablecoins. Stablecoin Regulation on the Horizon Congresswoman Maxine Waters has…
Shibarium’s Surge Shiba Inu’s layer-2 network, Shibarium, has seen a huge boost in activity. The number of active accounts jumped by over 144% and new transactions skyrocketed. This is great news for SHIB, as Shibarium plays a key role in its success. ShibaSwap’s Expansion ShibaSwap, SHIB’s decentralized exchange, is expanding to Shibarium. This should bring…
Coinbase, a major crypto exchange, has added support for the Bitcoin Lightning Network, making Bitcoin transfers faster and cheaper. Instant and Affordable Transactions Before this integration, Bitcoin transfers on Coinbase took a long time (10 minutes to 2 hours) and were expensive. However, the Lightning Network, which operates on top of the Bitcoin blockchain, allows…
Analyst’s Forecast Crypto analyst Benjamin Cowen believes Ethereum (ETH) has yet to hit its lowest point against Bitcoin (BTC). He draws parallels to the market in 2019, when a bounce in the ETH/BTC ratio preceded a rate cut by the Federal Reserve (FED). Cowen predicts that the ETH/BTC ratio will bottom out when the FED…
Former Goldman Sachs exec Raoul Pal predicts that two crypto subsectors will see crazy valuations during the upcoming “crypto summer.” AI and Tokenized Real-World Assets Pal believes altcoins related to artificial intelligence (AI) and tokenized real-world assets (RWA) will skyrocket. During crypto summer, prices and trading volume typically surge. Ethereum and Solana to Outperform Pal…
Two wallets whitelisted for the memecoin Brett (BRETT) on the Base layer-2 scaling solution have made incredible gains of 30,830x. Whitelisted Wallets According to crypto tracker Lookonchain, the wallets spent $102 to buy 172.56 million BRETT in February. They later sold 122.74 million BRETT for $3.14 million, resulting in the massive gains. Brett’s Role Brett…
Crypto analyst Benjamin Cowen believes Ethereum (ETH) and other altcoins are nearing a significant market downturn. Ethereum’s Final Push Cowen suggests that ETH may experience a brief upward surge before a sharp decline. He emphasizes that a sustained break above the bull market support band is crucial for confirming a bullish trend. Altcoin Patterns Cowen…
