A Shiba Inu trader has made headlines by turning a $2,625 investment into a whopping $1.1 million. Here’s how they did it: Early Investment and Long-Term Hold On February 1, 2021, the trader bought 48.09 billion Shiba Inu tokens for 2 ETH ($2,625). They held onto the tokens for over three and a half years…
In the past, people debated whether Tron could dethrone Ethereum as the second-largest cryptocurrency. However, Ethereum has proven its dominance as the leading smart contract platform. Ethereum’s Advantages Despite Ethereum’s dominance, analysts continue to compare it to Bitcoin, the world’s most valuable cryptocurrency. According to one analyst, Ethereum has several factors that could lead it…
Selling Pressure from Grayscale’s Outflows A report by Kaiko warns that Grayscale’s Spot Ethereum ETF could put downward pressure on Ethereum prices. This is because the fund has been trading at a discount and investors may sell their shares to take profits. Grayscale’s ETHE Fund Grayscale’s Ethereum Trust (ETHE) has over $11 billion in assets….
Ethereum Exchange Netflow Spikes On-chain data reveals a recent spike in Ethereum exchange netflow, indicating a potential increase in deposits. This metric measures the net amount of ETH entering or leaving exchange wallets. Positive Netflow: Bearish Signal? Positive netflow typically suggests investors are depositing ETH for selling purposes, which could lead to a price decline….
A crypto analyst who accurately predicted Bitcoin’s recent correction believes altcoins are about to take off. Altcoin Market Cap Surges The “OTHERS” chart, which tracks the altcoin market, has been following a pattern outlined by the analyst earlier this year. The chart suggests that the altcoin market is poised for a 42% gain from its…
Crypto investor Arthur Cheong believes Ethereum (ETH) is poised for a rally before the launch of exchange-traded funds (ETFs) for the cryptocurrency. Pre-ETF Surge Cheong predicts ETH could jump by 14% from its current value of $3,957 to $4,500 before spot ETH ETFs become available for trading. Retail Demand Cheong anticipates strong demand for spot…
A renowned crypto analyst has raised concerns about Solana (SOL), predicting a potential collapse. Distribution Phase According to the analyst, known as Credible, Solana is currently in a “distribution phase.” This means that large investors are gradually selling their holdings without causing a market crash. Potential Rally and Downtrend Credible believes that SOL may experience…
Price Target Macro strategist Henrik Zeberg predicts Bitcoin (BTC) could skyrocket over 64% to $110,000-$115,000 by the third quarter of this year. “We’re hours or days away from a big move starting again,” Zeberg said. “I think we’re going to see a very big move coming into mid-June.” Economic Outlook Zeberg also forecasts a US…
Massive Bitcoin Transfer On May 27, Mt. Gox, a bankrupt Bitcoin exchange, moved 42,830 BTC (worth $2.9 billion) to unknown wallets. This is the first such transfer in five years. Reason for Transfer Unknown The reason for the transfer is unclear, but it comes after Mt. Gox announced plans to compensate creditors who lost money…
Amidst the positive vibes in the crypto world, Crypto Con, a well-known crypto expert, has shared his bullish view on Bitcoin. He believes that Bitcoin has the potential to reach $123,832 in the coming months based on historical patterns. Price Bands and Target Crypto Con’s analysis focuses on Bitcoin’s price bands, with level 3 being…
