A popular crypto analyst has shared his bullish views on Solana (SOL), an Ethereum competitor, and provided an update on the gaming altcoin Beam (BEAM). Solana (SOL) Altcoin Sherpa believes Solana has potential for significant gains. He advises buying within the range of $168-$208 and holding for the next few months. Solana is currently trading…
Short-Term Gains Cryptocurrency analyst Crypto Jelle believes Bitcoin is poised for short-term gains. Despite a recent dip, Jelle expects the coin to revisit $69,000. He advises investors to hold around $66,500 and wait for the upcoming Bitcoin halving. Bullish Pennant Formation Jelle points to a bullish pennant formation, indicating a potential breakout in the coming…
Buying Spree by Short-Term Holders Since December 2023, short-term Bitcoin holders have been on a buying spree, accumulating over 1.2 million BTC. This surge in interest follows the launch of Spot Bitcoin ETFs in the US. Accumulation by Whales and Retail Investors Previously, accumulation was primarily driven by whales and long-term holders. However, recent data…
Ethena Labs’ Decision Ethena Labs has added Bitcoin (BTC) as collateral for its USDe product. This aims to increase USDe’s supply from $2 billion to leverage the growing BTC derivative market. Ethena believes this will enhance scalability and liquidity for delta hedging. CryptoQuant CEO’s Concerns Ki Young Ju, CEO of CryptoQuant, has expressed concerns about…
Despite Bitcoin’s recent sideways movement, crypto analyst Lark Davis believes it will continue to surge throughout the year and into 2024. Factors Driving Bitcoin’s Bullishness Election Year:Davis points out that the stock market tends to perform well in election years. As Bitcoin has become more intertwined with traditional markets, it could benefit from this positive…
De-platforming Crypto Businesses Crypto enthusiasts are raising concerns about a coordinated effort by US banks to cut ties with businesses dealing in digital currencies. This effort, known as Operation Choke Point 2.0, aims to restrict crypto’s access to traditional financial systems. Wells Fargo’s Abrupt Closure John Paller, founder of ETHDenver, shared his experience with Wells…
Ripple’s Stablecoin Venture Ripple, the company behind XRP, recently announced its plans to launch a stablecoin. This move sparked a public feud with Coindesk, a cryptocurrency news outlet. Ripple CEO’s Criticism Ripple CEO Brad Garlinghouse slammed a Coindesk article that portrayed their stablecoin venture as a sign of desperation. He called the article “embarrassing for…
The Shiba Inu burn rate has taken a hit, dropping by 28% in the past 24 hours. This is a significant change from the recent trend of increasing burns. Decline in Burn Transactions The drop in burn rate is due to a decrease in the number of burn transactions. On Thursday, there were 14.37 SHIB…
Understanding Trade Finance Risks Trade finance is essential for global trade, but it also poses risks: High transaction volume and complexity: The sheer number and intricate details of trade transactions make it difficult to detect suspicious activity. Time constraints and competition: Tight deadlines and competition can lead to rushed due diligence, increasing the risk of…
A seasoned crypto trader, known as Bluntz, believes that NEAR Protocol (NEAR), an Ethereum competitor, is poised for a significant surge. NEAR Protocol: Ready for a Jump Bluntz shared a chart with his followers, indicating that NEAR could break past the $10.50 mark. At the time of writing, NEAR is trading at $6.67. Solana Ecosystem…
