Analyst Nicholas Merten has shared his market outlook for several cryptocurrencies, including Stellar (XLM), Aave (AAVE), Compound (COMP), and Uniswap (UNI). Stellar (XLM) Merten believes XLM, a rival to Ripple’s XRP, is currently undervalued. He predicts a potential 200% increase in its value against Bitcoin (XLM/BTC). Decentralized Finance (DeFi) Aave (AAVE) Merten sees AAVE, a…
Favorable Conditions Align for Bitcoin’s Rise Tom Lee, founder and head of research at Fundstrat Global Advisors, is confident that Bitcoin (BTC) could reach $150,000 within the next 12-18 months. He believes several factors are contributing to Bitcoin’s potential surge. Increased Demand and Reduced Supply Lee highlights the growing demand for Bitcoin through spot exchange-traded…
Undervalued Despite ATH Crypto expert Michaël van de Poppe believes Bitcoin is still way below its true worth, even after hitting a record high of over $70,000. He sees it as a hedge against inflation and a way to maintain purchasing power. Way Higher Numbers Predicted Van de Poppe previously predicted Bitcoin could reach $150,000…
Remember Dogecoin? Well, there’s a new dog-themed cryptocurrency that’s making waves: Shiba Inu (SHIB). Surge in Daily Active Addresses After a lull, SHIB’s network has seen a huge spike in daily active addresses. From February’s average of 3,100, it’s jumped to over 8,400 in March, a 170% increase. This shows that the Shiba Army is…
BRICS Announcement: De-Dollarization on the Horizon Kremlin aide Yury Ushakov has announced plans for a BRICS-led payment system based on blockchain. This move aims to reduce reliance on the US dollar in international transactions. Blockchain Revolution: A Secure, Transparent Ledger Blockchain is a decentralized digital ledger system that records every transaction securely and transparently. This…
Investor Jitters Bitcoin has hit a new high, but some investors are cautious. They’re not as excited as when it hit $60,000, and they’re looking at other cryptocurrencies. Bitcoin’s Balance Despite the caution, there are reasons to believe Bitcoin’s rally could continue. The current excitement is more balanced than at the $60,000 mark, which could…
Whale Activity and On-Chain Buying Ethereum (ETH) has seen a bullish weekend, with a 4.31% price surge in the last day. This rally is attributed to increased Ethereum accumulation by whales. Wallets linked to PulseChain and PulseX have purchased 163,295 ETH in just four days, totaling $621 million DAI. Additionally, a high whale trade volume…
Binance is adding support for a new altcoin that facilitates decentralized derivatives trading through its Launchpool platform. Launchpool Details The 48th Launchpool project will be Aevo (AEVO), an Ethereum-based exchange offering options, perpetual futures, and other products under a single margin account. Starting March 10th, Binance users can stake BNB and FDUSD to earn AEVO…
Sam Altman’s Worldcoin, a crypto project focused on privacy, is taking legal action against Spain after the government banned it. AEPD’s Order The Spanish Data Collection Agency (AEPD) ordered Worldcoin to stop collecting data, claiming its eye-scanning process violated users’ privacy. The AEPD also demanded that Worldcoin discard all collected data. Worldcoin’s Response Worldcoin denies…
Wall Street is keeping a close eye on a massive $8.8 trillion pile of cash that could spark a significant market rally. Money Market Cash Surge Over the past year, investors have flocked to money market funds amid banking concerns and the Federal Reserve’s interest rate hikes. These hikes boosted returns on short-term Treasury investments….
