Market Cap Surge to $10 Billion Crypto analyst Kaleo believes that Floki (FLOKI), a Dogecoin rival, is poised for further significant growth. He predicts that the coin’s market cap could soar to $10 billion, more than three times its current value. Cup-and-Handle Pattern Kaleo cites the formation of a bullish cup-and-handle pattern as a technical…
A renowned cryptocurrency analyst, Bluntz, has forecasted a significant rally for BNB, the utility token of the BNB Chain. Bluntz believes BNB will reach $1,000 or higher, representing a 71% gain from its current price of $700. Bluntz’s analysis suggests a five-wave pattern, where BNB could potentially reach $1,200. The analyst’s prediction is based on…
The recent halving of Bitcoin rewards has sent shockwaves through the crypto mining industry. With daily revenue plummeting by over 70%, miners are scrambling for new ways to stay afloat. AI: A New Frontier Enter Artificial Intelligence (AI). Buoyed by the success of ChatGPT, AI computing is experiencing a surge in demand. This, coupled with…
Inflows and Price Action US Bitcoin ETFs have seen a surge of inflows, with a record 17 consecutive days of net additions. However, despite these inflows, the Bitcoin price has remained relatively stable, moving from $68,000 to $71,000 this week. Carry Trade Strategy Some analysts suggest that a carry trade strategy may be influencing the…
Argentina’s embrace of blockchain technology took a significant step forward this week with the Cardano Foundation’s partnership with Entre Ríos, a central province. Argentina’s Crypto Potential This alliance signals a turning point for both parties. Cardano aims to establish itself in Argentina’s vibrant crypto scene, while Entre Ríos seeks expertise in blockchain adoption. The Cardano-Entre…
Robinhood is making a big move to expand its crypto offerings by acquiring Bitstamp, a global crypto exchange. Global Expansion Robinhood’s purchase of Bitstamp will allow it to reach customers outside the US. Bitstamp has offices and licenses worldwide, providing Robinhood with a foothold in new markets. Institutional Focus Bitstamp’s institutional offerings, such as lending…
Shibarium: Enhancing Scalability and Efficiency Shibarium, Shiba Inu’s layer-2 blockchain, has significantly improved the project’s scalability and transaction speed. Launched in 2023, it has attracted millions of users and reduced gas fees, addressing a major pain point for Ethereum users. SHIBdentity: Empowering Digital Identity SHIBdentity aims to revolutionize digital identity by providing users with control…
Vitalik Buterin, co-founder of Ethereum, has blasted the recent trend of celebrities endorsing memecoins. He criticized these projects for failing to provide any real value or substance. Celebrity Crypto Ventures Buterin specifically mentioned Caitlyn Jenner’s JENNER token and Iggy Azalea’s MOTHER token as examples of projects that have failed to live up to expectations. Both…
VanEck, an investment firm, has recently revised its Ethereum (ETH) price prediction to $22,000 by 2030. This is a significant increase from their previous forecast of $11,800. Factors Driving the Price Increase VanEck attributes the revised prediction to several factors: Spot Ethereum ETFs: The anticipated launch of Spot Ethereum ETFs could attract financial advisors and…
The Rise and Fall of Celebrity-Backed Tokens The cryptocurrency market has seen a surge in celebrity-backed meme coins, such as JENNER, RICH, and BANDO. Fueled by the meme coin craze and celebrity endorsements, these tokens initially experienced a surge in trading activity. However, their value quickly plummeted, with some losing up to 90% within days…
