The founders of Glassnode, a cryptocurrency analytics platform, are forecasting a 350% surge in the altcoin market capitalization. Elliott Wave Analysis Jan Happel and Yann Allemann, the co-founders, believe the altcoin market may be mirroring a pattern from 2021, where a significant correction was followed by a bull run. Using Elliott Wave theory, they predict…
The Securities and Exchange Commission (SEC) is reportedly seeking a staggering $5.3 billion fine against Do Kwon, the founder of the collapsed Terra ecosystem. Allegations of Misconduct The SEC alleges that Kwon and his company, Terraform Labs, engaged in “brazen misconduct” that led to the downfall of the Terra ecosystem in 2022. They are accused…
Crypto investor Brian Kelly believes Bitcoin is poised for a bullish surge due to rising demand and limited supply. Institutional Interest Kelly highlights the potential impact of major brokerage firms like Morgan Stanley and UBS entering the Bitcoin market. He anticipates a significant influx of demand once these firms allow their clients to invest in…
Mark Yusko, CEO of Morgan Creek Capital, predicts a massive influx of money from baby boomers into the cryptocurrency market. Key Points: Asset managers are expected to allocate $300 billion to crypto within the next 12 months. This represents 1% of the $30 trillion in assets controlled by financial advisors for boomers. Yusko believes this…
Consolidation Phase Bitcoin has been consolidating recently, according to analyst Rekt Capital. This is similar to what happened before previous “Halvings” (when the supply of new Bitcoins is halved). “Parabolic Upside” Rekt Capital believes Bitcoin is preparing for a “parabolic upside,” a period of rapid price increase. He points to the fact that Bitcoin has…
Alleged Circular Debunked Reports of a circular from the Central Bank of Nigeria (CBN) banning crypto transactions and freezing accounts have been circulating. However, the CBN has confirmed that these reports are false. Guidelines Still in Place Despite the fake circular, the CBN’s guidelines from December 2023 remain in effect. Banks and other financial institutions…
After the recent “Halving” event, Bitcoin’s inflation rate has plummeted below that of gold, making it the scarcest asset in history. Halving and Inflation Rate Every four years, Bitcoin undergoes a “Halving” where the block rewards given to miners are cut in half. This event reduces the rate at which new Bitcoins are created, thereby…
Crypto experts are divided on whether Dogecoin (DOGE) can reach $1. Why Some Experts Are Skeptical Pav Hundal, an analyst at Swyftx, believes it’s a risky bet. He points out that many DOGE holders bought it in 2021 at a much higher price. As the price has fallen, these holders are now underwater and waiting…
Milestone Reached The Ethereum ecosystem is thriving, with over 10 million wallets actively engaging with the mainnet and layer-2 solutions like Base, Optimism, and Arbitrum. This milestone is thanks to the successful Dencun Upgrade in March 2024. Dencun’s Impact Dencun addressed scalability and gas fee challenges by introducing “blobs,” a new transaction type that stores…
Core (CORE) Crypto analyst Altcoin Sherpa believes Core, a layer-1 altcoin, is poised for significant gains in 2024. He notes its strong performance in recovering from recent losses and recommends buying around $2.20 for a potential dip. Near (NEAR) Altcoin Sherpa predicts a pullback in Near to below $6.50 before a rally to his target…
