Current Market Turbulence Bitcoin has taken a hit, losing over 12% of its value in the past week. This has sparked concerns about the future of Bitcoin and other cryptocurrencies. Michael Saylor’s Perspective Despite the downturn, Bitcoin advocate Michael Saylor remains optimistic. He believes investors should focus on the long term. Reframing Bitcoin as Digital…
Shiba Inu’s Strong Fundamentals A crypto analyst named Altcoin Sherpa believes that Shiba Inu (SHIB) has a chance of becoming the top meme coin, surpassing Dogecoin (DOGE). This is because SHIB’s fundamentals have been improving, including an increase in the number of tokens being burned. Shibarium: A Game-Changer Shiba Inu has an advantage over Dogecoin…
A crypto analyst believes Dogecoin (DOGE) could skyrocket if it follows a pattern from 2018-2021. Dogecoin’s Potential Ali Martinez, a crypto strategist, suggests DOGE could gain 5,900% from its current value of $0.20. He compares the current DOGE chart to the 2018-2021 pattern, indicating a potential “massive parabolic bull run.” Ethereum’s Bullish Trend Martinez also…
Binance, the world’s largest crypto exchange, is challenging developers to create the next viral memecoin on its BNB Chain. Prizes Up for Grabs The “BNB Chain Meme Innovation Battle” offers a prize pool of up to $1 million. The final amount will depend on the trading volume of the qualifying memecoins during the competition period….
Ethereum Price Targets Crypto analyst Credible predicts that Ethereum (ETH) will soar past $10,000, with a potential peak of $20,000. He bases this on his belief that Bitcoin will double from its previous high of $69,000, which would lead to significant gains for altcoins like ETH. Bitcoin Price Targets Credible believes that Bitcoin (BTC) has…
Distribution to New Investors According to Glassnode, long-term Bitcoin (BTC) holders are selling their coins to new investors entering the market. This trend is driven by Bitcoin’s recent price surge, which has encouraged profitable holders to distribute their wealth to newer investors. Realized Cap at Record High Glassnode’s Realized Cap metric, which tracks the price…
Venture capitalists are jumping back into the crypto market, and Paradigm is leading the charge. Raising Big Money Paradigm, co-founded by Coinbase’s Fred Ehrsam and Sequoia’s Matt Huang, is looking to raise a whopping $750 million to $850 million for its latest crypto fund. If successful, it would be the largest such fund since the…
Despite a recent market dip, Bitcoin’s sentiment remains surprisingly optimistic. Crypto analytics platform Santiment reports that investors are confident in a quick recovery. Positive Sentiment Santiment’s analysis shows a prevalence of positive terms related to buying and bullish sentiment on social media, such as #buy and #bullish. This suggests that many investors see the current…
Teenagers Involved in Crypto Trade Dispute Three teenagers in Hong Kong were arrested after allegedly beating a 19-year-old over crypto trading profits. The victim was reportedly detained and assaulted in a hotel room by nine individuals. The attackers demanded HK$180,000 (approximately $23,000) in profits. Crypto Trading Meeting Gone Wrong The teenagers had arranged a meeting…
Whale Buyout According to data from Santiment, whales (investors with at least $5 million in crypto) have been rapidly buying up stablecoins. Over the past three weeks, they’ve acquired around 5% of the supply of major stablecoins like Tether (USDT), USD Coin (USDC), and Dai (DAI). Reasons for Accumulation There are two possible reasons for…
