A crypto analyst known as Astronomer (@astronomer_zero on X) believes he’s found a reliable signal for when Bitcoin is at its lowest point. He’s looking at the cost of electricity miners use to produce Bitcoin. The Electricity Cost Signal Astronomer says that historically, when the cost of producing Bitcoin drops below its market price, it’s…
Bitcoin has been struggling this summer, with prices dropping significantly since June. But some analysts believe the downturn is nearing its end. A Look Back to 2023 One analyst, Crypto Jelle, is drawing parallels between this summer’s Bitcoin performance and last year’s. He points out that the summer slump of 2023 lasted about seven months…
Is Bitcoin’s recent price dip a sign of things to come? Not according to one expert, who thinks the digital currency still has plenty of room to grow. A Long-Term View Will Clemente, a Bitcoin enthusiast, believes that investors should focus on the big picture when it comes to Bitcoin. He thinks the US government’s…
The crypto market has been a bit of a rollercoaster lately, with many popular coins taking a dive. One of those coins, Render (RNDR), a project focused on AI and web3 technology, has seen a whopping 22.3% drop in value. This has caused some investors to seek out alternative investments to try and recoup their…
The meme coin craze is still going strong, and everyone’s trying to get a piece of the action. While Tron (TRX) has been a popular platform for meme coins, a new player is shaking things up: Mpeppe (MPEPE). Mpeppe’s Meteoric Rise Mpeppe, a meme-based cryptocurrency, has been on fire. It just finished 97% of its…
The crypto world is always buzzing with new developments, and lately, it’s been a battle between two very different players: XRP and Mpeppe. XRP: A Long Game for Institutional Adoption XRP, the cryptocurrency behind Ripple, has been in the news a lot lately. They just won a big legal battle against the SEC, which could…
The crypto world is in a bit of a frenzy right now, with Ethereum (ETH) taking a big hit. Its price dropped by 5.5%, leaving investors feeling a little shaky. But amidst the chaos, a new player is emerging: Mpeppe (MPEPE). This meme coin is on fire, rallying a whopping 150% and becoming a beacon…
Bitcoin and Ethereum have been on a downward trend since the beginning of September. This slump in the crypto market is mainly due to a few big economic factors. The Yen Carry Trade is Still Affecting Crypto The Japanese Yen has been strengthening against the US dollar, causing investors to unwind their carry trade positions….
Ethereum has been struggling lately, just like Bitcoin. After reaching a high of over $4,000 in March, it’s been steadily declining. In the past two weeks alone, its price has dropped by over 5.9%, and it’s currently hovering around $2,400. A Potential Turnaround? Despite the recent downturn, some analysts are optimistic about Ethereum’s future. One…
A popular crypto analyst, known as Altcoin Sherpa, is making some predictions about the future of several altcoins. Let’s dive into his thoughts: FET: Bullish Breakout? Sherpa believes the Artificial Superintelligence Alliance (FET) is poised for a breakout. He sees a potential bottom around $1.10, followed by a climb to $1.70. However, he’s keeping a…
