DYM Poised for Potential Upswing Pseudonymous crypto analyst Altcoin Sherpa sees further upside potential for the modular blockchain Dymension (DYM). DYM recently experienced a retracement but has found support at $7.05. The analyst suggests a potential rally to $7.39 based on Fibonacci retracement levels. DYM has witnessed a remarkable surge, rising from $3.54 on February…
Key Points: Bitcoin whales have been on a buying spree, acquiring 140,000 BTC in the past three weeks. This amounts to $6.16 billion worth of Bitcoin. Bitcoin’s Super Trend indicator has flashed a bullish signal. This indicator has been historically accurate in predicting Bitcoin bull runs. Bitcoin is currently trading at $48,157. Analyst Ali Martinez:…
Altcoins to Reach New All-Time Highs Michaël van de Poppe, a prominent crypto analyst, predicts that the collective altcoin market cap will soar to unimaginable heights, surpassing expectations. Van de Poppe emphasizes that altcoins will break their previous all-time highs and reach new, unprecedented levels. He suggests that many of the top-performing altcoins have yet…
Halvings: A Key Event in Bitcoin’s Ecosystem Halvings, which occur every four years, reduce the reward for mining Bitcoin transactions by half. This event maintains Bitcoin’s scarcity and disinflationary profile, making it appealing to investors. However, price surges post-halving are not guaranteed, as investors may anticipate and buy in advance. Distinguishing Factors of the 2024…
Bitcoin ETFs have made a significant impact in the financial world since their launch, attracting billions of dollars in inflows and driving Bitcoin’s price to its highest level in over two years. Bitcoin ETFs Garner $2.8B in Net Inflow In the first 21 trading days, Bitcoin spot funds have amassed approximately $2.8 billion in net…
Key Points: Bitcoin’s price surge has brought relief to investors who bought during the 2021 bull run. The Realized Price indicator shows that these investors are now close to breaking even. The 2- to 3-year-old UTXO Age Band represents investors who bought during the 2021 bull run. Bitcoin’s recent rally has pushed its price above…
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) could potentially be resolved through a settlement. The outcome of the case may be influenced by the upcoming US presidential election, which could lead to changes in the regulatory environment for the crypto industry. Ripple Case Update Under the leadership of…
The Skepticism Surrounding Digital Currencies Adrian Orr, the Governor of the Reserve Bank of New Zealand (RBNZ), shared his perspective on Bitcoin and other digital currencies during a parliamentary committee meeting. Orr expressed skepticism regarding Bitcoin’s ability to serve as a viable alternative or supplement to traditional fiat currencies. He also criticized stablecoins, labeling them…
Introduction: The newly introduced Ethereum token standard, ERC-404, made a grand entrance in the crypto market, outshining many other digital assets. However, as Bitcoin (BTC) regained momentum, investors shifted their focus, leading to a notable decline in the ERC-404 ecosystem. Significant Market Capitalization Drop: ERC-404 sector experienced a significant decline, with an overall market capitalization…
ETF Inflows as a Driving Force Ki Young Ju, the co-founder and CEO of CryptoQuant, believes that Bitcoin exchange-traded funds (ETF) inflows could propel Bitcoin to new heights. In a bullish scenario, he predicts that BTC could surpass $100,000 by the end of 2024. Metrics Behind the Prediction Ju’s prediction is based on two metrics:…
