Dencun and EIP-4844 Ethereum is planning a major upgrade called Dencun in mid-March. This upgrade will include the implementation of EIP-4844, which introduces “blob-carrying transactions.” These transactions allow users to attach large amounts of data (blobs) to their transactions at a much lower cost than traditional Ethereum transactions. Impact on Layer-2 Solutions Ye Zhang, co-founder…
Crypto analyst Inmortal believes Ethereum (ETH) will continue its upward trend, potentially reaching $4,800. He compares ETH’s price action to Bitcoin’s and predicts it will follow a similar pattern. Floki to Rival Dogecoin Inmortal also anticipates Floki (FLOKI) to emerge as a top-performing memecoin, similar to Dogecoin’s success in 2021. He predicts FLOKI could cross…
A recent trade involving the popular memecoin Shiba Inu (SHIB) has turned heads with its massive gains. 628X Return on Investment In 2021, a trader purchased billions of SHIB for just $2,521. Fast forward to today, those SHIB are now worth an astonishing $1.93 million. The trader recently withdrew their SHIB from a staking platform…
Billionaire Mark Cuban, known for his role on “Shark Tank” and as a Dallas Mavericks owner, has declared his preference for Bitcoin (BTC) over gold as an investment. Why Bitcoin? In an interview with CNBC, Cuban explained that he views Bitcoin as a better option than gold from an investment standpoint. He believes that the…
Seasoned trader Tone Vays predicts that Bitcoin (BTC) will exceed expectations in the current market cycle. Spot Market ETFs: A Game-Changer With the launch of spot market exchange-traded funds (ETFs) this year, Vays believes BTC is poised for a surge beyond his previous target of $200,000. He suggests that the bull market could extend or…
Sell Signal Flashes Crypto analyst Ali Martinez has identified a sell signal from the Tom DeMark (TD) Sequential indicator on Bitcoin’s daily chart. This indicator has a strong track record of predicting Bitcoin trends, suggesting a potential correction. Historical Accuracy Martinez notes that the TD Sequential indicator has accurately predicted Bitcoin’s price movements in the…
Corrections Are Normal Bitcoin’s recent dip after reaching an all-time high is not surprising, according to market analyst Alex Thorn. In bull markets, corrections are common. Bitcoin experienced similar drops in 2021 and 2017. Profit-Taking Likely Crypto analyst Guy Turner suggests that profit-taking contributed to the pullback. Investors may have sold their Bitcoin after its…
The Federal Reserve’s Bank Term Funding Program (BTFP) is coming to an end on March 11, 2024, leaving the Bitcoin and crypto market on edge. BTFP Closure and Its Impact on Bitcoin The BTFP has been a lifeline for US banks, providing loans to ensure liquidity during turbulent times. Its closure could affect banks’ ability…
Charles Edwards, CEO of Capriole Investments, believes Bitcoin is entering a new era of momentum. Here’s what his on-chain data analysis reveals: Key Metrics Energy Value: Bitcoin’s value based on energy input is currently $70,000, suggesting it’s fairly valued for the first time in two years. SLRV Ribbons: Ratio of short-term to long-term holders indicates…
Binance, the crypto giant, has put a stop to Solana (SOL) withdrawals due to a massive spike in network activity. Solana’s Lightning Speed, Now a Bottleneck Solana, known for its super-fast transactions, is facing congestion issues. Binance has temporarily suspended withdrawals since March 4, 2024, to address the problem. DeFi Boom Fuels Traffic Surge The…
