Crypto Market on the Brink of Revolution Crypto analyst Doctor Profit predicts a huge surge in Bitcoin and the broader crypto market, calling it the “third Industrial Revolution.” He urges investors to jump on board or risk regretting it. Bitcoin’s Target: $84,000 Profit believes Bitcoin will reach $84,000 after breaking out of its current trading…
New data suggests that Bitcoin mining may not be as profitable as it once was. Declining Hashprice The “hashprice,” which measures the revenue miners earn for their computing power, has dropped to near record lows. This decline comes despite the recent Bitcoin halving, which usually boosts the cryptocurrency’s value. Challenges for Miners The low hashprice…
Thin Sell-Side Liquidity An analyst predicts a potential spike in Ethereum’s price due to a decrease in sell-side liquidity on major exchanges like Binance and Coinbase. With fewer sellers, a small increase in demand could result in a significant price increase. Factors Influencing ETH’s Price Despite the thinning liquidity, market makers could balance the market….
Bitcoin Halving and Miner Revenue After the recent Bitcoin halving, which cuts block rewards in half, miner revenue spiked to a record $100 million. This was due to an explosion in transaction fees, which are the other main source of income for miners. Runes Protocol and Transaction Fees The release of the Runes protocol, which…
Ethereum investors are making moves to protect their investments amid market uncertainty. Large-Scale Withdrawals In the past week, a whopping 260,000 ETH (worth $800 million) has been withdrawn from centralized exchanges. Exchange Deposits vs. Withdrawals Exchange deposits and withdrawals indicate investor sentiment. Large deposits suggest selling intentions, while withdrawals suggest accumulation. Bullish Implications The mass…
Pomona, California is set to launch a $2.25 million guaranteed income program for young parents facing financial challenges. Flourishing Families Program The 18-month program, called Flourishing Families, will provide $500 per month for a year and a half to 250 families. Another 350 families will form a control group and receive stipends for completing tasks…
Memecoin Meltdown Analyst Credible Crypto warns that memecoins, cryptocurrencies inspired by internet memes, are on the verge of a sharp decline. He attributes the recent surge in memecoin prices to a lack of enthusiasm for other cryptocurrencies and a belief that fundamentals don’t matter. Bitcoin’s Next Move Credible Crypto believes Bitcoin could retest the $60,000…
Crypto expert Altcoin Sherpa is optimistic about memecoins in this market cycle. He believes retail investors will drive their prices higher. Top Memecoin Picks Altcoin Sherpa has identified the following memecoins as his top picks: Large Cap: Dogecoin (DOGE) Shiba Inu (SHIB) Pepe (PEPE) Bonk (BONK) dogwifhat (WIF) Mid Cap: Brett (BRETT) Joe Boden (BODEN)…
Memecoin BODEN Soaring Cryptocurrency trader Crypto Dog predicts a breakout for memecoin Jeo Boden (BODEN). Despite a recent consolidation period, BODEN is testing a resistance level and is currently trading at $0.639, a staggering 2,466% increase since March 9th. Bullish Signals for Memecoins Crypto Dog also highlights bullish signals for other memecoins, including dogwifhat (WIF)….
Despite the recent Bitcoin halving, analyst Ali Martinez has issued a bearish signal, predicting a potential price correction to $59,000. Short-Term Declines Martinez’s analysis suggests that Bitcoin may experience short-term declines due to: A red candlestick from the TD Sequential indicator A death cross between the 50 and 100 Simple Moving Average (SMA) This could…
