The Evolved Apes Rug Pull In 2021, the developer of the “Evolved Apes” NFT project disappeared with $2.9 million in funds. The project promised a fighting game but abandoned it and deleted its website. Red Flags and Suspicions Investors noticed warning signs before the scam, including unprofessional announcements and a lack of communication from the…
Staking Innovations in Hong Kong Hong Kong is set to introduce staking options for spot Ethereum exchange-traded funds (ETFs) this year, according to industry experts. This move aligns with the growing trend of enhancing the appeal of crypto-based financial products. Significance of Staking Staking allows token holders to earn rewards for participating in the Ethereum…
Crypto strategist Michaël van de Poppe has revealed his top altcoin picks for the current market cycle. He believes that Bitcoin investors will likely shift their profits into altcoins, boosting their value. Altcoins Poised for Growth Van de Poppe predicts that altcoins will perform well, outperforming older assets. Here are his top altcoin picks: Renzo…
Cryptocurrency analyst Kaleo predicts a massive rally for Avalanche (AVAX), an Ethereum competitor. Echoes of 2021 Bull Run Kaleo compares AVAX’s current price action to its behavior in July 2021, which preceded a 733% surge. He believes AVAX is at a similar point, suggesting a potential breakout to $99.87. Dogecoin’s Parabolic Ascent The analyst also…
Key Findings VanEck, a leading investment manager, predicts a remarkable surge in Ethereum’s value over the next decade. Base Case Target (2030): $22,000 (472% gain) Bull Case Target (2030): $154,000 (3,905% gain) Driving Factors VanEck attributes Ethereum’s potential rally to an increase in its free cash flows, which represent the network’s earnings after deducting operating…
Crypto analyst Kevin Svenson believes Bitcoin (BTC) is on the brink of a significant price breakout. Parabolic Trend and “Blue Sky Breakout” Svenson points to Bitcoin’s recent parabolic trend and predicts it’s approaching a “Blue Sky Breakout.” This breakout occurs when an asset surpasses all previous price levels and enters a phase of “price discovery.”…
Positive Premium Index The Coinbase Premium Index (CPI), which measures the price difference between Bitcoin on Coinbase and other exchanges, has turned positive for the first time since May 18th. This indicates increased demand for Bitcoin on Coinbase, a major US-based exchange. Significance A positive premium shows that US-based investors are buying Bitcoin, suggesting that…
Despite a huge influx of money into Bitcoin ETFs (over $1.5 billion in the last three days), Bitcoin’s price is still below the highly anticipated $100,000 mark. Factors Holding Back Bitcoin’s Price Charles Edwards, CEO of Capriole Investments, explains that several factors are contributing to this: Selling by Long-Term Holders: Long-term holders (those holding for…
What Happened? Hulk Hogan’s HULK token soared to a market cap of $17 million, thanks to social media hype on his accounts. Suddenly, those posts vanished, and so did the token’s value, plummeting to $11,000. Hogan claims he never authorized the promotional posts, leaving investors wondering if it was a rogue social media manager or…
Short Sellers Bet Big, But Lose Confidence Investors who bet against MicroStrategy, a software company led by Bitcoin enthusiast Michael Saylor, are facing losses as the company’s stock price has soared. These “short sellers” have sold $6.9 billion worth of MicroStrategy shares, hoping the price would drop so they could buy them back at a…
