New ideas expressed by Glassnode’s founders on their account “Negentrophic” (previously known as Twitter), have generated excitement about Bitcoin market trends. These insights may contribute to a calming effect and potentially trigger a price increase. Market Sentiments And EMA Trends The value of Bitcoin has dipped below the $70,000 threshold lately, but according to its … Read more
A Bloomberg article revealed that hedge funds are recently becoming more attracted to the memecoin market due to its recent price surges and earnings exceeding those of Bitcoin and major altcoins. Memecoin Mania An illustration of memecoins’ attraction for conventional financial organizations is Stratos, a company based in Newport Beach, which started a liquid fund … Read more
Samson Mow, CEO of Jan3, discussed the recent Bitcoin halving with Forbes. He believes this event could trigger “major price surges” leading Bitcoin’s value towards the $1 million milestone, a significant increase. In the opinion of Mow, reducing the supply of Bitcoin through halving keeps its distribution in check, preserving its rarity and worth. The … Read more
Over the past weekend, FLOKI and BONK experienced significant growth following their recovery from the Bitcoin price drop at the end of last week. These two tokens have been particularly popular during this bull market, with FLOKI seeing an over 500% rise and BONK achieving a gain of nearly 87%. In recent developments, memcoins of … Read more
XRP exhibits strong indications of regained bullish energy in the cryptocurrency market. After experiencing a substantial 11% decrease on April 12th that dropped the token to its lowest price point for the year, priced at $0.4230. Despite a 12% price increase over the past week, XRP demonstrated stronger performance among the leading ten cryptocurrencies, surpassed … Read more
JackTheRippler, a cryptocurrency analyst, has put forth an intriguing perspective on the potential price surge of XRP, suggesting it could reach $100 in the near future. He elaborated on the conditions required for this significant increase in value. How XRP Price Could Rise To $100 JackTheRippler expressed in a post on X (previously Twitter) that … Read more
In a recent post about Bitcoin on X, an expert has identified a significant on-chain indicator that could indicate a robust price surge, reminiscent of the remarkable growth seen in 2017. At present, Bitcoin’s prices are gradually increasing with no major jumps. Yet, unlike many anticipations, the coin did not experience sharp rises prior to … Read more
A notable trend emerging in Bitcoin‘s on-chain data might indicate that the peak for this asset has arrived or is imminent based on historical precedent. Bitcoin SOPR Ratio Is Forming A Historical Top Pattern Right Now An analyst in a recent CryptoQuant Quicktake piece has explored a trend connected to the SOPR Rate, which is … Read more
As the cryptocurrency market recovers and gains momentum once more, XRP has experienced a surge in optimism among investors. This renewed enthusiasm has led to an increase in demand for the altcoin, causing a significant group of XRP holders to reach new record-breaking ownership levels. Wallets Holding More Than 1 Million XRP Nears ATH In … Read more
Last week, there was a notable increase in the usage of stablecoins due to the escalating losses and market turbulence in the cryptocurrency sphere. Among all stablecoins, MakerDAO’s DAI coin experienced the most growth during this period of market instability. Based on information from the smart blockchain analytics platform IntoTheBlock, DAI reached an all-time high … Read more