Surge in Demand from Permanent Holders Despite Ethereum’s recent dip, on-chain data shows a bullish picture. Permanent holders, likely institutions, have been buying heavily. On June 12, they purchased 298,000 ETH, the second-highest daily purchase on record. Institutional Positioning This surge in demand suggests that institutions may be positioning themselves in the market. They are…
Ethereum has witnessed significant withdrawals from centralized exchanges, indicating that investors anticipate a price surge. Exchange Balances Plummet Crypto analyst Ash Crypto observed a notable increase in ETH withdrawals, leading to the highest withdrawal trend of 2024. Coinbase, the largest US crypto exchange, experienced a massive withdrawal of 336,000 ETH within 48 hours. Overall, the…
A respected crypto analyst predicts that Bitcoin (BTC) is on the cusp of a major breakout, possibly within months. Consolidation Phase According to Rekt Capital, Bitcoin has been consolidating for three months and may continue to do so for another three based on historical patterns. He suggests that a breakout could occur in September 2024….
Layer-1 Altcoin on the Rise Crypto analyst Ali Martinez is bullish on Toncoin (TON), a smart contract-enabled blockchain. According to the Tom DeMark (TD) Sequential indicator, TON could see a 46% rally to $11. Martinez also notes an ascending triangle pattern on the chart, further supporting his bullish outlook. Bitcoin’s Historical Q3 Performance Martinez warns…
Ondo Finance (ONDO) A popular trader, Altcoin Sherpa, believes Ondo Finance (ONDO) remains strong despite its impressive 1,400% rise since January. According to Sherpa, ONDO has bounced off a crucial support level, indicating a potential continuation of its uptrend. Solana (SOL) Altcoin Sherpa predicts that Solana (SOL) will continue to fluctuate between $185 and $120….
According to Jurrien Timmer, global macro director at Fidelity Investments, Bitcoin’s adoption needs to increase for it to reach new all-time highs (ATHs). Adoption and Price Divergence Timmer notes that Bitcoin’s network growth has slowed while its price has continued to rise. This divergence suggests that adoption may be lagging behind price appreciation. Bitcoin as…
Crypto analyst TechDev has shared his predictions for Bitcoin’s future. Blowoff Top Still to Come TechDev believes that Bitcoin has not yet reached its peak in this market cycle. He predicts a parabolic uptrend before a significant decline. Blowoff tops, where prices rise rapidly followed by a sharp drop, have occurred in previous bull cycles….
AllianceBernstein’s Bullish Outlook Global investment firm AllianceBernstein has raised its price target for Bitcoin to $1 million by 2033. This prediction is based on the following factors: US Spot Bitcoin ETFs New Bitcoin exchange-traded funds (ETFs) managed by major asset managers have brought in significant investment. Analysts expect Bitcoin ETFs to account for 7% of…
Why the Third-Richest Man in Mexico Recommends Bitcoin Ricardo Salinas Pliego, a Mexican billionaire, believes that investors should buy Bitcoin to protect themselves from the devaluation of fiat currencies. The Case for Bitcoin Hedge against inflation: Bitcoin is seen as a way to protect wealth from rising prices. Store of value: Bitcoin is considered a…
What are PolitiFi Tokens? PolitiFi tokens connect political ideas and movements with the world of crypto. They’re often tied to specific political groups or figures, creating communities that support campaigns, causes, and ideologies. Beyond the Hype: Real Benefits PolitiFi tokens aren’t just a passing fad. They offer real-world benefits like: Donation Mechanisms: Tokens like MAGA…
