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Will Ethereum hit $20,000? Some analysts think so, based on an interesting theory. The Global M2 Money Supply and Ethereum The global M2 money supply (basically, all the money circulating in the world) has been climbing. Analysts previously used this to predict Bitcoin’s price, and now they’re applying the same idea to Ethereum. One analyst,…
Ethereum (ETH) took a bit of a tumble, dropping 6.1% in the last day. It fell below $4,300 after failing to break through the important $4,500 resistance level. Institutional Buying Doesn’t Stop the Slide Interestingly, this happened even though a big institutional investor, BitMine (led by Tom Lee), bought around $84 million worth of ETH…
Bitcoin’s recent performance has sparked a debate among investors. Let’s dive into the details. Bitcoin’s Resilience Amidst Market Turmoil Bitcoin (BTC) has shown surprising resilience after a recent market selloff. While billions were lost in leveraged positions, Bitcoin’s price only dipped slightly – a relatively small correction considering the usual volatility. This has investors watching…
Bitcoin is king, right? It’s got a huge market cap and everyone knows about it. But it’s also painfully slow. Think waiting ten minutes to buy a coffee – not ideal! Bitcoin’s Big Problem: Speed Bitcoin’s transaction speed is ridiculously slow compared to other cryptocurrencies. While Solana can process thousands of transactions per second, Bitcoin…
Cardano Foundation has unveiled a new plan to make Cardano a bigger player in the crypto world. This six-part strategy focuses on several key areas to boost adoption. Fueling DeFi Growth A major focus is on improving Cardano’s decentralized finance (DeFi) ecosystem. They’re investing a significant amount of ADA (Cardano’s cryptocurrency) – in the tens…
Dogecoin (DOGE) is making headlines again, even after a recent price drop. This time, it’s because of a proposed Dogecoin ETF. ETF Application Update: A Step Forward A Swiss company, 21Shares, just listed their DOGE ETF on the DTCC (Depository Trust & Clearing Corporation). This is a big step, but it doesn’t mean the ETF…
Tether and Circle, two major players in the stablecoin world, recently added a whopping $1.5 billion to their supply in just a few hours. This massive influx of liquidity has everyone talking. A Huge Boost to Crypto Liquidity Tether minted a billion USDT, and Circle added another half-billion USDC – all within a short time…
XRP’s stellar performance in Thailand has made headlines, outpacing gold, stocks, and even Bitcoin. Let’s dive into the details. XRP’s Dominance According to Thai financial regulators and market data, XRP boasted a staggering 390% year-on-year return. This impressive performance has kept it at the top of the charts for nine straight months. August saw particularly…
XRP, a cryptocurrency, is experiencing a shrinking supply, which some analysts believe could lead to a significant price increase. Let’s break down why. A Limited Supply of XRP A crypto analyst, known as ’24HRSCRYPTO’ on X, points out that far less XRP is available for trading than many people realize. A significant portion is locked…
The crypto market took a recent hit, with altcoins feeling the pain most acutely. A massive selloff, fueled by leveraged positions getting liquidated, sent shockwaves through the system. The Altcoin Bloodbath Ethereum dipped below $4,200, and other major altcoins like Solana plummeted by over 10% in a matter of hours. This fast and furious correction…
