Shiba Inu Consolidates Around $0.0001-Here’s When The SHIB Price May Rise High
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Shiba Inu is expected to break out of consolidation, with technicals indicating significant price action
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The price may reach $0.000012 initially and then test higher levels
Shiba INU, one of the most popular meme coins within the crypto space displayed a notable price action in the early days of 2023. Despite the trading volume maintaining decent levels, the price remained elevated to mark the yearly highs above $0.000015.
Woefully, the bulls lost their grip over the rally, which compelled the price to drop hard below the crucial levels at $0.00001. Meanwhile, the bulls have sparked a notable rebound as the prices slightly rise but remain restricted below $0.000011.
Will SHIB break above the prolonged consolidation?
Shiba INU (SHIB) Price Analysis
- The Shiba INU price is currently trading within a symmetrical pennant and is very close to encountering the edge of the consolidation
- The price from the past few days is trading along the lower support of the triangle, indicating a slight weakness in the strength of the rally as the Average Directional Index (ADX) is sliding down
- Alongside, the RSI rebounded from the lows but failed to lay down a strong upswing. Hence, the price may remain within the consolidation
- Moreover, the buying pressure has not mounted to the required levels which may pave the way for the bears to utilize their strength
- This may compel the price to breakdown from the triangle which may attract huge liquidity, triggering a notable rebound
Shiba INU (SHIB) Technical Analysis
| Technical Indicators | Value (4h/1D) | Signal (4hr/1D) |
| Relative Strength Index (RSI) | 46.05 / 44.59 | Neutral / Neutrall |
| MACD | -0.00000001 / -0.00000032 | Neutral / Buy |
| Average Directional Index (ADX) | 12.04 / 11.22 | Neutral / Neutral |
| Average True Range (ATR) | 0.00000026 / 0.00000078 | Neutral / Neutral |
Pivotal Levels
| Levels | Value (4h/1D) |
| Resistance | $0.00001180 / $0.00001475 |
| Support | $0.00001009 / $0.00001030 |
| Moving Average (MA)-50 | $0.00001077 / $0.00001206 |
| Moving Average (MA)-200 | $0.00001151 / $0.00001068 |
The overall market sentiments for Shiba INU price are relatively neutral at the moment regardless of whether it is in the short-term or long-term. Hence the price may remain within the resistance and support levels either in the short term or long term until the bulls reclaim their dominance and propel the price high.
XRP Price Revs Up for Potential Breakout! Traders Anticipate a New High This Week
Bitcoin and Ethereum, which are high market capitalization assets, have remained stable, while altcoins such as XRP have experienced overnight double-digit gains. According to crypto experts, Bitcoin’s increasing dominance indicates that the “popcorn effect” is imminent, and the gains will keep spreading to XRP. XRP’s 20% upward rally has been majorly attributed to the potential resolution of the lawsuit filed against Ripple by the SEC in December 2020, which is expected to conclude in the first half of 2023.
XRP Gains the Altcoin Market’s Attention
Today’s crypto rally has been driven by Ripple, as enthusiasts of XRP have been buying up the cryptocurrency in anticipation of a verdict in the ongoing court case between the Ripple company and the SEC. If Ripple comes out victorious, it could set a crucial precedent for the entire cryptocurrency industry.
Within the past 24 hours, the XRP token has surged by 22.4%, reaching price points that haven’t been seen in months and earning the distinction of being the top-performing cryptocurrency among the top 10.
According to CoinGlass data, liquidations in the last 24 hours have totaled $16.69 million, with the majority of the losses ($12.48 million) coming from short positions, indicating that bears have been hit the hardest.
Following XRP’s surge in trading activity, Binance has declared the expansion of its range of investment products that focus on XRP. As a component of this announcement, all Binance users will be able to access weekly options contracts for XRP/USDT.
It is noteworthy that Binance introduced new investment options for XRP just a day after the token exhibited the strongest price movement among the top cryptocurrencies. Yesterday, XRP surged by over 30% and reached a four-month high of $0.493 per token, marking the end of a consolidation period that had been ongoing since November 2022.
What is Waiting for XRP Price Next?
During the previous week, XRP established a support level above $0.35 and gradually began to rise above the $0.37 resistance area.
Eventually, the buyers were able to overcome a significant barrier near the $0.4 level. Furthermore, a contracting triangle with resistance near $0.398 was broken, resulting in the token surging by 25%, and the $0.45 resistance level was clearly surpassed.
As of now, XRP price is trading at $0.45, with a gain of nearly 5% in the last 24 hours. Analyzing the daily price chart, the XRP token is currently witnessing a downward correction after facing rejection near $0.5. As a result, it is predicted that XRP may drop to $0.42 support region, from which a fresh increase is expected to $0.585.
NFT Trading Volume Soars High, Is NFT Fever Back Into the Crypto space?
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The NFT market is gradually regaining its stand in the market after six months of a Bearish trend. Trading volume has increased for four straight months now. The total NFT trading in January 2023 had increased by 38% to $987.9 million from $872.1 million previously. NFT trading volume reached $2 billion in February, with total NFT trading volume on an uptrend, increasing by 91.9%. The trading volume of NFTs reached a low of $545 million in October 2022.
Bitcoin Hit 9-Month High: Top Reason Why BTC Price Surged Above $27K
After closing three continuous weeks in the red, Bitcoin price closed the last week in a solid bullish thesis to hit a nine-month high of about $28,440. Bitcoin price gained more than 25 percent last week after breaking out of a crucial technical and psychological resistance level of around $25k. The rising Bitcoin trajectory has rejuvenated hopes of $30k before $10k in the near term.
As such, the cash flow to altcoins is expected to spike in the coming weeks. Moreover, Ethereum (ETH) and BNB have spiked more than 11 and 15 percent, respectively, in the past week. According to popular crypto analysts Rekt Capital, Bitcoin’s bullish sentiment will hold as long as the $25k macro downtrend breakout holds in the monthly close.
Drivers in Bitcoin Bullish Sentiments
The spike in Bitcoin comes amid a meltdown of the global banking sector and rising inflation. With Credit Suisse saved through government intervention, investors are now confident in Bitcoin’s capabilities to fight inflation.
Axel P. Lehmann, Chairman of the Board of Directors of Credit Suisse, said that the UBS merger is the best outcome for all stakeholders at the moment.
“…. This has been an extremely challenging time for Credit Suisse, and while the team has worked tirelessly to address many significant legacy issues and execute its new strategy, we are forced to reach a solution today that provides a durable outcome,” Lehmann noted.
UBS Chairman Colm Kelleher indicated that the acquisition would help advance the company’s agenda and save the financial markets from further catastrophic losses.
“This acquisition is attractive for UBS shareholders, but let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue. We have structured a transaction which will preserve the value left in the business while limiting our downside exposure,” Kelleher noted.
Ethereum Rises High Ahead of Shanghai Hard Fork-Look Out for Pivotal Levels Before Sweeping $2000
Ethereum price has become the talk of the town as the crypto has managed to secure the highest levels since August 2022 and also indicating its preparedness to reach beyond $2000 in the coming days. The leader of DeFi space has been maintaining a steady rise since the start of 2023 by rising over 54% which also includes a recovery of 32% in the past few days.
While the price currently appears to be under a bullish influence, a retest is much required to sweep highs beyond $2000. After maintaining a stagnant trend between the pre-determined levels, the ETH is making larger price movements since the beginning of the year 2023. Presently, the price has been maintaining above the support at $1383 for more than 45 days and the sudden spike to $1800 may surely exhaust the bulls.
Hence, a popular crypto analyst, Micheal van de Poppe predicts a pullback to $1680 to $1725 levels before rising beyond $2000.
“Ethereum looks the same.
Great retest around $1610, was hoping for lower numbers (couldn’t hit).
Resistance ar $1850, and then probably pullback to $1680 – $1725 before we’ll continue to $2000 sweep,”
Collectively, the Ethereum price continues to remain under the bullish influence even if the bears trigger a minor pullback. Moreover, the Shanghai hard fork is fast approaching which may induce strength within the bulls who may trigger a rebound in case the price drops. Therefore, sooner or later, the ETH price may reach beyond $2000.
Bitcoin Price Makes a New High Above $26K As CPI Data Clocks in at 6%! Is $30K Imminent for BTC?
The last week brought a severe bearish rally for BTC price as the collapse of multiple crypto-friendly banks brought multi-week lows for Bitcoin. However, as the market recovers from its turmoil and USDC repegs to $1, it has sparked a fresh bullish season in the crypto market. Recently, Bitcoin price has broken 2023’s record as it registered a new high above $26K following the release of CPI data. As a result, investors are gaining more confidence to open long positions with an initial target of $30K.
Will BTC Price Sustain Its Rally?
Bitcoin (BTC) has bounced back from the losses it incurred last week, primarily caused by failing banks in the United States. This, in turn, led to a depeg in major US-based stablecoins. Nevertheless, there were indications towards the end of the week that the Federal Reserve would compensate impacted investors, which helped restore confidence and ignite a recovery rally.
Bitcoin’s surge has coincided with a crisis in the banking sector, and widespread bank runs. Today’s release of CPI data, which came in at 6%, has further fuelled Bitcoin’s rally, with BTC rising intraday above $25,000 and eventually reaching $26,000.
According to the U.S. Department of Labor, CPI increased by 0.4% on a seasonally adjusted basis last month, while the all-items index, which indicates inflation, rose by 6% over the past year. Although inflation is still on the rise, the pace has slowed down compared to the previous month. This development could potentially cause the Federal Reserve to consider slowing down or even halting their interest rate hikes scheduled for next week.
As a result, it is anticipated that the ongoing bullish rally in Bitcoin’s price chart will continue to persist. There is even the possibility that investors may witness Bitcoin’s price surging to a new high of $30K by the end of March.
Here’s What to Expect from Bitcoin Next
Bitcoin has reached its highest point in nine months, with its price surging to $26,400 just moments ago. Moreover, the market cap of Bitcoin has regained the $500 billion mark.
As of writing, Bitcoin trades at $26.1K, gaining over 16% in the last 24 hours. After breaking above the crucial resistance of $25.5K, the BTC price has made a new high at $26.4K, signifying intense buying pressure.
From the $26K level, the BTC price is expected to fly to a new high at $30K in the next few days. Furthermore, as the RSI level is trading at 68, it creates more room for Bitcoin to extend its bullish rally as there is no significant resistance level between $26K-$30K. Hence, Bitcoin may soon reach its last year’s June levels before facing a rejection.
Bitcoin Live Price Today: BTC Price Extends Gains to Intraday High Above $24,000! What Next?
Bitcoin marked a magnificent recovery in a short while and withstood the extreme bearish pressure caused by the fallout of the crypto-friendly bank, SVB. While the US economy is believed to get badly hit by the recent development but the crypto space is thriving and marking new intraday highs. BTC price, especially, generated a monster-bullish candle which pushed the price beyond $23,500.
Some while ago, the CEO of Binance, CZ announced via a post that the platform will convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos like BTC, and BNB.
With the recent updates, the BTC price which has bounced off from its realized price of $19,713, soared high beyond $23,000.
Presently, the BTC price is fighting heavy resistance and a clear price move beyond certain levels may kick off a bull run ahead.
As mentioned by the analyst, the price is on its way to testing the 200-Weekly MA levels which are extremely important to clear. A fine upswing beyond these levels may pave way for the tokens to rise beyond $50W MA levels, beyond which the bull run could be validated.
On the day when the bank stocks are in free fall, Bitcoin price soars high which is a clear indication of a safe harbor to those fleeing debasement and counterparty risk. Therefore, Satoshi’s invention which was created as a solution to the malpractices of the centralized banks appears to have worked very accurately.
Crypto News Today: Bearish Clouds Haunt the Crypto Space-USDT Dominance Rising High
After undergoing significant pressure, the USDT has maintained its peg at $1. The trading volume spiked finely during the early trading hours. Stablecoins like USDT, and USDC have appeared to be under significant bullish influence as the majority of the cryptos consolidate.
The raised volume with a maintained peg indicates that the market participants are slowly ditching other cryptos for stablecoins and hence the dominance of the stablecoins could rise very soon.
The USDT dominance was slashing hard since the beginning of 2023 as the crypto space geared up to lay down a fine upswing. However, the levels have flipped as the dominance rebounded from the crucial support, triggering a recovery. The rising dominance of stablecoins points toward the prevailing consolidation to continue for some more time ahead.
The USDT dominance was trading along the lower trend line until the start of February but soon began to form constant higher highs and lows. The levels surged high by facing rejection at the resistance at 7.27% and dropped to 6.45%. After marking the bottoms, the dominance rebounded and is on the way to testing the resistance again.
In such cases, the popular tokens are believed to remain under an acute bearish trend as nearly half of the crypto volume may have shifted to stablecoin. Therefore, the Bitcoin price is assumed to drop back below $22,000 to reach $21,900. Besides, the altcoins may also drop by more than 8% to 10% at the same time.
Dogecoin (DOGE) Price Braces For High Volatility Ahead: Is The End Near?
Dogecoin (DOGE) price has been consolidating in a wedge formation since November last year, indicating that the market is in a neutral state. While the 50 and the 200 moving averages (MA) on the daily time frame signal a continued bull market, the possibility of a pullback that acts as a stop hunt cannot be completely ruled out. Moreover, Dogecoin is one of the most traded coins, with over $1.92 million liquidated in the past 24 hours.
Possible Outcomes for DOGE
Trading at around $0.085 on Thursday, Dogecoin price is facing two likely scenarios in the coming weeks. The first one is the continuation of the bullish thesis that began after tech billionaire Elon Musk purchased Twitter.
In such a scenario, the Dogecoin price could rally beyond $0.155 and form a new nine-month high. However, the rally may not be sustainable as the accumulation base was not wide enough to offer support. On the other hand, the Dogecoin price could tumble and retest the $0.057 support level.
Dogecoin Market Outlook
The support from tech billionaire Elon Musk heavily incentivizes the Dogecoin community. Over the years, Dogecoin price has spiked immediately after positive tweets from Musk. With Musk preparing to launch an everything app with technical support from Twitter, the Dogecoin community anticipates the billionaire will add the meme lord as a form of payment.
Additionally, Musk has been pushing other mainstream businesses like McDonald’s to adopt Dogecoin as a form of payment.
On-chain data shows that the Dogecoin network has over 5 million holders, and the second-largest proof-of-work (PoS) digital assets have a total mining difficulty of about 11,684,696. However, competition from meme coins like Shiba Inu and Floki (FLOKI) has significantly affected Dogecoin’s market share.
Bitcoin Breaks Out, Records Spectacular Surge To 6-Month High Of $24.9k!
Bitcoin, the world’s most valuable digital currency, has surged to a new six-month all-time high of $24.9k in the past 24 hours. The recent breakout on the BTC/USD chart has come amidst fear of a renewed bear market after the occurrence of the dreaded death cross on the weekly timeframe. The surprise surge has resulted in the liquidation of 54,308 traders in the past 24 hours, amounting to a total of $211.75 million.
According to market analysts, the recent Bitcoin surge can be attributed to increased whale activity as they exit the stablecoins industry following a crackdown by US regulators. All eyes are now on the next psychological resistance level of $25k, which is the next target set by most analysts.
A solid daily candle above $25k will be considered a robust bullish thesis. However, if the Bitcoin price rebounds from $25k and retracts below $21.3k, bearish sentiment is likely to overwhelm the entire crypto market.
This spike in Bitcoin price coincides with whale traders’ loss of confidence in the stablecoin market, following the BUSD saga. In addition, on-chain analytics firm Santiment has identified numerous Bitcoin whale addresses stashing more Sats.
The unexpected spike in Bitcoin price has led some analysts to predict that the asset is headed to trade around $56k by the end of the year. However, Bitcoin bulls will need to invalidate the weekly death cross, which concerns the 50 and 200 MA, before confirming the bullish thesis.
Short Traders Rekt with Bitcoin’s Breakout
The breakout of Bitcoin in the last 24 hours has taken short traders by surprise. According to aggregate data provided by Coinglass, over 88 percent of $211 million liquidated crypto assets were short traders. Notably, about 54,500 traders have been liquidated in the past 24 hours, with the largest single liquidation order occurring on the Bybit crypto exchange involving the BTCUSD pair, valued at $2.54 million.
Bitcoin and Ethereum Lead in Liquidation
Approximately $88 million and $57 million in assets were liquidated in Bitcoin and Ethereum, respectively, in the past 24 hours. Forced liquidations are expected to continue in the coming weeks as bets on crypto correction and rally rise. Furthermore, more long trades may enter the crypto market, which can push prices even higher in the coming weeks.
Bankruptcy Proceedings Come At A High Cost For FTX, Law Firm To Earn Millions
The FTX bankruptcy case has proved to be a lucrative opportunity for Sullivan & Cromwell, a well-known law firm, as it is expected to earn millions in fees for handling the fallen crypto empire’s finances.
According to a recent court filing, Sullivan & Cromwell has already billed them $7.5 million for just 19 days of work on the case. Despite concerns raised by US lawmakers, the executive branch, and FTX founder Sam Bankman-Fried about the firm’s previous work for the company and the appointment of former partner Ryne Miller as FTX General Counsel, the new CEO of FTX, John J. Ray III, has defended the firm’s appointment, calling it a leading law firm in relevant areas.
Sullivan & Cromwell law firm set to reap millions
The filing covers fees and expenses from November 12th to November 30th and reports that over 6,500 hours were worked by 32 partners, 85 associates, and 34 non-legal staff. The hourly rates range as high as $2,165 and the company said it is seeking only 80% of the total $9.5 million. This drain on the estate of the corporate group as it seeks to reorganize and restore funds to creditors will be significant.
Bankruptcy judge John Dorsey will make a crucial decision today regarding the appointment of an independent examiner for the case, which FTX has warned could cost up to $100 million and duplicate Sullivan & Cromwell’s work. However, a spokesperson for Sullivan & Cromwell was not available for comment.
A Bankruptcy Filing Could Be Resource-Exhaustive Too!
The FTX bankruptcy case has attracted widespread attention due to the high costs associated with the case, which are expected to climb more with over 150 people working on it. Big bankruptcy cases like this can generate a lot of work and help pad profits for law firms.
This case serves as a reminder of the high costs associated with bankruptcy proceedings, particularly for large corporations. While the legal fees can be a significant burden for the corporate group, it is important for the court to appoint a reputable and reliable law firm to ensure a fair outcome for all parties involved.
BTC Price Forecast: Analyst Maps Potential High Levels For Bitcoin This Bull Market
The cryptocurrency market is experiencing an upturn in fortunes as Bitcoin continues to experience a positive increase overall. In 2022, Bitcoin saw an extended downward trend that led to a 60% reduction in its price, and the collapse of FTX in November significantly lowered market sentiments, and there were massive withdrawals.
However, Bitcoin is now showing strength and is fighting back with its charged bulls. With positive sentiments making waves on the internet, analysts and experts have started to predict the future of the largest cryptocurrency by market cap. Popular trader Crypto Tony wrote on Twitter,
“Seeing $50,000 calls already on Bitcoin and we have yet to complete a higher high and higher low market structure change.”
Credible Crypto highlighted how there can be another impulse just around the corner. He said, “Price action has developed beautifully off our lows, mimicking the bottom formation that preceded our last impulse from 10k-60k+. Current consolidation (circled in green) also looks identical to PA from that impulse.”
Analyst Ash WSB said, “#Bitcoin jumping from anger zone Do you agree or do you think we are in a disbelief area and going to $30k?”
Macro investor David Brady said, “After such a long and deep sell-off, do we think the DXY is already done on the upside? I don’t. Lotta shorts to squeeze yet.”Michael Van De Poppe also had good news for crypto enthusiasts.
In 2023, the market mood for bitcoin underwent a big trend change. Since breaking out of its consolidation, Bitcoin’s momentum has changed to the upside, moving from a bear market to perhaps the very beginning of a new bull market. At the time of writing, Bitcoin is trading above the $23k mark and is currently in the green zone.
Litecoin Price Hits 9-Month high
As Bitcoin, Ethereum and most other cryptocurrencies opened the year on a bullish note, a few of the altcoins couldn’t enter the race immediately. One such altcoin is Litecoin, a decentralized peer-to-peer cryptocurrency which failed to ignite a rally immediately. However, that bear moment was short lived as just after a week of 2023, Litecoin began its bullish momentum. Now, within a month, the Litecoin bulls have managed to push the altcoin from $75 to $100 level.
Currently, Litecoin is selling at $100.14 after a surge of 4.05% over the last 24hrs.
Meanwhile even the industry experts portray a bullish stance towards Litecoin and one among them is a closely followed crypto analyst anonymously known as CryptoDonAlt. The analyst claims that Litecoin has gained 150% against Bitcoin since June 2022. He also predicts a breakout target of 50% more.
Why Litecoin Price Is Surging ?
Further, the reason for Litecoin showing such a bullish trade could be for two reasons – increasing adoption and the upcoming halving. One of the main causes for increased Litecoin adoption is due to its low transaction cost with less time. As per the Santiment data, Litecoin addresses have added nearly 1.15 million LTC tokens in the last seven months. This has pushed Litecoins’ total supply by 0.5%.
The next is Litecoin’s halving which is set to happen in August 2023. Halving is basically done to reduce the currency’s supply and increase the demand. Another analyst and trader known as Satoshi Flipper claims that after Litecoin’s halving, the LTC price will surge between $180 and $200 area.
Hence, the next six months are very crucial for Litecoin price which will decide its further price action.
Bitcoin (BTC) Price Set To Surge High As Miners Halt Selling
The Bitcoin market has seen an upward trend in the past 24 hours, reaching a high of $24,000 earlier today. With the current price trading at around $23,869 in the Asian market, the market has seen a 3% increase. Market analysts predict further growth in the future, driven by both fundamental and technical factors.
Bitcoin Price Outlook from Puell Multiple’s Perspective
One such indicator that maps out Bitcoin price is the Puell Multiple. This is calculated by dividing the daily value of Bitcoins in U.S. dollars by the 365-day moving average of its daily value. According to the Puell Multiple, there may be relief on the horizon for Bitcoin miners who have been under increased sell pressure in the past year.
In the past, every time the Puell Multiple entered the green zone, it resulted in significant returns in the following months. Currently, the Puell Multiple has been in the green zone for 191 days, which suggests further upside movement in the price of Bitcoin. Philip Swift, the founder of lookintobitcoin.com, highlighted the relief for miners, stating that
“the Puell Multiple shows recent relief for Bitcoin miners. After 191 days in the capitulation zone, the Puell Multiple has rallied, showing relief for miners via increased revenue and likely reduced sell pressure.”
If Bitcoin continues to rally, this could trigger a pump in other cryptocurrency markets, including meme coins such as Dogecoin, Shiba Inu, and Baby Dogecoin. Additionally, a study has shown that more money is flowing from large caps to lower caps. Overall, the outlook for Bitcoin remains positive, with market indicators pointing to further growth in the near future.
Dogecoin To Moon In February? DOGE Whale Activity Sees 2-Month High
The Dogecoin (Doge) network has recorded 523 whale transactions, each over $100k, in the past 24 hours. This is the highest number of whale transactions since November 27, 2022, according to on-chain intelligence firm Santiment. This increase in on-chain activity has corresponded with a significant boost in daily traded volume, which stands at approximately $1,285,356,146.
Tokenview’s on-chain data shows that Dogecoin has global support from 5,158,533 holders who have made 93,113,591 transactions since its creation. Santiment reported that the Dogecoin network recorded around 86.4k active addresses, the highest 2-day stretch since November 2 and 3rd of last year.
The recent spike in on-chain activity has resulted in a 10% increase in the price of Dogecoin in the past seven days. Analysts expect further upside breakouts as more money flows from large caps like Bitcoin and Ethereum to small-cap altcoins and meme coins.
“Dogecoin has broken out with major whale transactions today, easily the highest of the year, going along with address activity spiking. The polarizing coin is up +40% since December 29th, and is back above $0.095 for the first time since December 10th,” Santiment noted.
Dogecoin Market Outlook
Elon Musk, the tech billionaire, has been a strong supporter of the meme lord, Dogecoin, and has promised to continue supporting its mission. With Musk’s recent Twitter acquisition, the Dogecoin community hopes that he will add Dogecoin as a form of payment, which would increase its liquidity and real-world utility.
Despite a recent decline of approximately 10.81% in development activities on the Dogecoin network in the past 30 days, according to Santiment, derivatives trading continues to grow, with around $4.47 million liquidated in the past 24 hours.
Crypto Assets Record 6-Month High Inflows, Bitcoin Tops The List
The first cryptocurrency Bitcoin has dropped below its crucial resistance of $23,000 area and has taken down the overall crypto market. The entire crypto market is quite bearish just a day prior to the FOMC meeting after which the Federal Reserve is set to announce interest rate hikes. As per Coinmarketcap data, currently, Bitcoin has lost 0.53% over the last 24hrs and is now trading at $22,980.
On the other hand, even though the inflation rate is decreasing, the Federal Reserve is expected to increase interest rate by 25bps.
Bitcoin Records Highest Inflows
Meanwhile, as per CoinShares the crypto investment products have registered a weekly inflow of $117 million in the last seven days. Also this happens to be the highest weekly inflow recorded since July 2022. Among all the cryptocurrencies, the King currency has once again proved its kingship as Bitcoin has recorded $116 million in inflows.
The above chart displays that in the last nine weeks the multi-asset crypto investments have registered an outflow of $6.4 million. Further, the total assets under management (AuM) has spiked 43% in the last two months and currently the AUM is at $28 billion.
Further, when the global flows are considered, Germany takes the top slot when it comes to inflow count as the country has registered $46 million inflows.
However, after a good start of the year the crypto market is now experiencing a slight correction and tomorrow’s FOMC meeting will give a new direction to the market.
Will APT Price Hit New High in 2023?
The crypto market has come a long way from being limited to only primitive cryptocurrencies such as Bitcoin and Ethereum. The space has been liberal enough to host a number of projects from varied sectors both with and without utility. Aptos is another such project. APT is considered one of the best-funded projects.
Aptos price chart has shown strong market potential in the past few days. The circulation supply of the token is roughly 160 Million. Compared to other technological innovations, APT has good market potential for the future. This brings a concern for the Aptos price prediction for 2023.
After the Bearish year of 2022, crypto investors are now trying to figure out when the next crypto bull run could begin. Are you one of those who are planning to invest money in cryptocurrency? Let’s look at the detailed Aptos price prediction for 2023 – 2025 and the years to come.
Overview
| Cryptocurrency | Aptos |
| Token | APT |
| Price | $12.82 |
| Marketcap | $2,043,026,388 |
| Circulating supply | 159,298,811 APT |
| Trading volume | $945,219,632 |
| All time high | $14.48 |
| All time low | $3.09 |
Aptos Price Prediction 2023 – 2030
Aptos is a layer-1 blockchain with the resources to move programming language. Aptos newly released crypto project aims for a safe, scalable, and upgradeable proof-of-stake (PoS) network. Aptos enables DeFi projects to be built on its blockchain.
So far, there are over 30 DeFi projects on the Aptos ecosystem. These projects include decentralized exchanges, lending protocols, and liquid staking. Aptos (APT) price prediction for 2023 could range from $16.64 to $25.47 for the year.
What Is Aptos (APT)?
The Aptos blockchain uses the Move virtual machine (VM) for executing operations. While many blockchains implement a set of native operations, Aptos manages and structure all operations to Move, including account creation, fund transfer, and publishing Move modules.
A blockchain is as strong as its ecosystem. The most popular projects on Aptos are NFTs and marketplaces, DeFi, launchpads, wallets, and infrastructure tools. Here, the biggest names are AUX Exchange, PancakeSwap, LiquidSwap, Tortuga, Ditto, Thala Labs, and Race Capital.
Fundamental Analysis
Aptos Labs is co-founded by Mo Shaikh and Avery Ching, both former Meta employees who have years of experience in the blockchain industry. Aptos Labs initially raised $350 million from FTX Ventures, Jump Crypto, a16z, Tiger Global, and Multicoin Capital, among many other capital ventures to boost their research and development.
The Aptos blockchain engine relies on parallel execution to handle multiple transactions at once. This makes things much quicker because a single failed transaction won’t halt the whole chain. Instead, transactions can be processed concurrently, and all of them are validated post-execution.
Aptos Price Prediction 2023
Aptos has a very strong roadmap as it has planned many events and collaborations for the ongoing year. Project voting and NFT staking are some of them. Aptos is ready to launch its game The Gran Saga: Unlimited, their first ever web3 game in collaboration with NPIXEL. Testing of the game will begin in Q1 ahead of the public launch in Q2.
If APT finds a steady rise in the charts of traders and investors, we can expect the Aptos price prediction for 2023 to initiate on a bullish note. Which could drive in more alliances, adoptions, and investors. Wherefore, the price of APT could end the trade for 2023 at $25.47.
However, on a bearish note, the APT price could end its trade for the year at $16.64. That said, constrained by linear momentum, the average price might find its base at $21.05.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 16.64 | 21.05 | 25.47 |
APT Price Prediction 2024
2024 is the year of cryptocurrencies as the next Bitcoin halving is going to take place. The market is expected to see a major price surge during this period.
The growing prominence of NFTs would be imperative in the growth of the Aptos coin. Further developments and community-building initiatives, and expansion of services to other chains could lead the APT price could propel to its potential high of $38.25.
In contrast, consequences like bearish trends or a market crash could sink the APT price down to $23.18. Successively, the average trading price of the coin could close at $30.91 for the year.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 23.18 | 30.91 | 38.25 |
Aptos coin Price Prediction 2025
If Aptos manages to gain more trust in the market and performs well, it could attract more projects on its blockchain. This could lead the APT coin price prediction to surge to a maximum of $51.85 by the end of 2025.
Conversely, growing dominance and potential rivals could bring the Aptos price down to $30.76. Considering the volatile market situation, the average price could settle at $41.28.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 30.76 | 41.28 | 51.85 |
Aptos (APT) Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 38.28 | 51.56 | 63.97 |
| 2027 | 46.78 | 62.32 | 77.22 |
| 2028 | 54.36 | 72.91 | 90.61 |
| 2029 | 63.66 | 84.16 | 103.54 |
| 2030 | 72.95 | 95.47 | 117.13 |
CoinPedia’s APT Coin Price Prediction
Factors like more number of projects on the blockchain, and collaboration, could bring more recognition to the company. This will also give a boost to the sentimental belief of investors and traders. The price prediction of APT could propel to $25.47 by the end of 2023.
On the downside, increasing FUD amongst investors and a lack of updates could curb the price to the bottom at $16.64.
Market Analysis
| Firm Name | 2023 | 2024 | 2025 |
| Wallet Investor | 0.9058 | 0.462 | 0.6051 |
| DigitalCoinPrice | 28.02 | 31.85 | 46.20 |
| Changelly.com | 11.69 | 16.82 | 25.40 |
Aptos Historical Market Sentiments 2022
- Aptos made its appearance on trading sites on 19th October 2022, with a trading price of roughly $8.50.
- Within the first 4 trading days the price rose to $10.1, but later the coin was trapped in a bearish trend. The FTX-BNB dispute wiped out 50% of the valuation of this crypto.
- Google enhances partnership with Aptos to explore web3. “Solana Killer” Aptos also Announced a Major Collaboration to launch cross-chain integration with Cardano DEX & Decentraland in November.
- The token closed with a trading price of $3.47 for the year 2022.
FAQs
Aptos has shown a very strong potential lately, this could be a good opportunity to invest in this asset.
Yes, Aptos is a layer 1 blockchain with resource objects and Move programming language.
The price of APT could possibly reach its maximum of $25.47, by the end of 2023.
It has a circulating supply of 160 Million APT coins, and a total supply of 1,015,494,382.690.
Aptos price could hit its maximum price of $51.85, by the end of 2025. With a potential surge, the price may go as high as $117.13 by the end of 2030.
Aptos uses a different smart contract programming language than that of Ethereum. As a result, it could be much better equipped to handle Web3 innovations related to apps, games, and the metaverse.
Aptos was founded by Avery Ching and Mo Shaik, on 12th October 2022.
Bitcoin Bull Run To Continue – Analyst Maps Potential High Levels
DonAlt, a pseudonymous trader, tells his 449,000 Twitter followers that bears are in a precarious position following Bitcoin’s run from $15,731 in November to its Thursday high of $19,117. The analyst released a chart at the beginning of January depicting important levels of resistance that BTC must overcome in order to sustain momentum. So far, Bitcoin has performed as he had intended. The top cryptocurrency by market size is already performing a lot better.
He has recently released yet another prediction, let’s see what it is.
What Next For Bitcoin Price?
DonAlt recently explained a fresh forecast in a tweet. He argues that the narrative he has for the impending rally is one of stalled capital agony fueled by bears retard shorting below $20,000. He goes on to suggest that this narrative does not allow for pullbacks until we are near the top. Therefore, he forecasts that it will only be down for some time, just until bears buy.
In a separate tweet, he explained that BTC might experience an infusion of new funding from high timeframe (HTF) investors toward the end of this month. According to the trader’s chart, a monthly close above $20,000 is bullish for Bitcoin in the high timeframe.
DonAlt’s first high timeframe resistances are around $35,000 initially and then $58,800 if BTC ends the month on a positive note. The cryptocurrency analyst also notes that Bitcoin’s current uptrend above $20,000 and BTC’s peak at $69,000 are comparable. Analyst claims that Bitcoin printed misleading breakout setups in both cases.
Another user named CryptoK agreed with his opinion in a reply to his tweet.
Another user by the name of @ShrekBTC also agreed with this prediction given by DonAlt.
The Bitcoin price is $22,679.60 with a market capitalization of $437,026,128,271.67.
Crypto Market Today: ADA, FTM, AVAX, and Other 2 Altcoins Rise Significant High
Bitcoin price has risen finally above $17,000 after trying hard for nearly 45 days in a row. The upswing appears to be pretty strong and hence if the price undergoes a correction phase, it may still hold above $17,000 until extreme bearish sentiments slash the markets hard. In the meantime, popular altcoins like Cardano (ADA), Fantom (FTM), Avalanche (AVAX), and other 2 tokens display possibilities of a notable upswing.
A popular analyst, Micheal van de Poppe frames the upcoming price trend of these top altcoins.
Cardano (ADA)
Cardano price has been trading within a bearish trade set up for quite a long time as the price after losing from $0.3 constantly failed to regain the levels. However, the fresh price surge offered a significant push beyond the interim resistance. Presently, the prices are appearing to remain inflated and reach the specified targets at the earliest.
“This one looks beautiful, but it’s approaching resistance.
Just a relief rally in a downtrend, so far.
If it wants to break that downtrend, flipping $0.30 is key.
Otherwise, I’d be looking at $0.2675 and $.25 for potential plays,”
Fantom (FTM)
Fantom is among the coins which have been bullish since the beginning of the year 2023. The token has been withstanding significant bearish pressure and forming constant higher highs and lows. However, the analyst here believes that the token may soon face a rejection that may drag the price lower that may even retest the lower support.
“One of the coin I’d preferably keep on trading at this point.
Looks good for a significant rally Q1/Q2 of this year.
However, approaching resistance, probably one more sweep before we buy dips at $0.2130.
Break & flip $0.23-> $0.26 next,”
Avalanche (AVAX)
Similar to Fantom, Avalanche’s price also rose significantly since the beginning of the 2023 trade. However, after a slight pullback, the price again rose high and began to consolidate. The analyst believes that the price could rise significantly beyond the interim resistance and face a rejection to head back toward the interim support levels.
“Probably markets are going to break upwards, after some more consolidation.
For AVAX, liquidity taken above the area around Christmas.
Support at $11.30 was quite clear for a bounce, missed it.
Resistance now at $12 & $12.50. Dips at $11.30 and $11,”
Other than these, the analyst also mentioned about XCAD price which is heading towards the lower support and predicts a bearish outcome.
Cardano And Solana Shed 4%, Snowfall Protocol Hits All-Time High Of $0.17
Both once-trendy crypto projects, Cardano (ADA) and Solana (SOL), have been plagued by several setbacks this year. Understandably, investors of these crypto assets are now concerned and have grown weary of the assets’ consistent decline. These investors are now in search of new investments to put their money into.
Projects such as Snowfall Protocol (SNW) allow investors to make huge returns. Unlike Solana and Cardano, Snowfall Protocol (SNW) has provided good yields to its early investors even under bearish pressure.
Cardano (ADA) Falls To Negative Pressure
Cardano (ADA) had a stellar year in 2021. The bulls were able to pull a 691% price increase in the calendar year, demonstrating their power. With such momentum, Cardano (ADA) reached a market capitalization of $97.52 billion and an all-time high of $3.03 in September 2021. But, since the bears seized control of the crypto market, Cardano has underperformed, taking a huge knock and nearing the $0.3 support level.
Cardano (ADA) has broken the $0.3 support level and currently trades at $0.243 – $0.257. Cardano (ADA) has been chastised recently, particularly for its poor development rate. This gradual progress continues to have a negative impact on the market, and no price rise is foreseen anytime soon.
No End In Sight To Solana (SOL) Decline
Aside from the market’s bearish pressure on Solana (SOL), a significant attack on its lending protocol has influenced a massive decline in value. An attacker stole $100 million from Mango Markets, a DeFi platform, and is currently holding it hostage until the network covers its liabilities. This announcement comes on the heels of yet another network glitch, and Solana will have a difficult time in the coming months.
Given all these negative pressures, Solana’s value has gradually declined. Solana (SOL) has dropped around 4% to $9.52 – $10.78 as of this writing, representing a drop of 96.30% from its peak. Following their dissatisfaction with Solana (SOL), investors are now motivated to invest in Snowfall Protocol (SNW).
Snowfall Protocol (SNW) Surges from $0.005 to $0.17
Snowfall Protocol (SNW) has launched its dApp prototype after experiencing tremendous success in recent months. The Snowfall Protocol (SNW) dApp enables users to transfer and receive tokens between wallets on several blockchains in a secure and timely manner. Likewise, Snowfall Protocol (SNW) includes smart contract features that allow token swaps and many other activities that necessitate token exchange.
Snowfall Protocol (SNW) promises to be the only platform investors require for asset transfer, eliminating the requirement for a trusted third party or middleman. The Snowfall Protocol (SNW) dApp functionality has assisted it in raising $3 million in just two months of the presale.
The current and final Snowfall Protocol (SNW) presale round will likely be more profitable than the last ones. Snowfall Protocol (SNW) distributed more than half of this round’s tokens in less than two weeks. As a result, the price of Snowfall Protocol (SNW) has risen from $0.05 to $0.17 in the last week, with more expected ahead of its January debut.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Bitcoin Price Forecast: Analyst Predicts Timeline For BTC All-Time High
Bitcoin (BTC) has had a precipitous decline in value since it reached a spectacular all-time high of $69k in late 2021; at the time of this writing, it is barely hovering at $16,500.
A well-known crypto expert known as Rekt Capital has posted a forecast on when the king cryptocurrency would achieve a new all-time high. Based on his chart, which can be seen below, Rekt predicts that Bitcoin will reach a new all-time high somewhere between the end of Candle 4 (2024) and the beginning of Candle 1 (2025).
Rekt noted:
“If a new ATH were to occur in the 2024 Candle 4, it would occur months after the April 2024 BTC Halving.”
Bitcoin Bottom or Rally?
Bitcoin is ending the year 2022 at price levels that have not been seen in over two years. The cryptocurrency market as a whole is struggling to recover from the continuing FTX crisis and the related ramifications, and the fact that the king cryptocurrency has given up all of the gains recorded since late 2020 is symptomatic of this.
A significant number of users are now anticipating a bottom from the cryptocurrency market as it continues to approach the region in which it reached its lowest point during earlier bear markets.
An analysis conducted by the on-chain analytics platform CryptoQuant found that an indicator that tracks transactions in profit and loss has not yet repeated the customary sequence that occurs at the bottom of a bear market.
Furthermore, another recent analysis that was revealed by CryptoQuant suggests that the forthcoming Bitcoin halving, which is forecast to take place in May 2024, may serve as a catalyst for a relief rally in the price of BTC.
However, another expert, Kaleo, has a more upbeat outlook for the whole first quarter of 2023. According to Kaleo’s forecasts, Bitcoin (BTC) is now going through a bottoming sequence, and the following quarter should provide a clear upward price objective.
His prediction was based on this 8-hour chart’s swing highs over the last several months, which showed that the region around $22,000 would operate as a magnet for BTC’s price.
Litecoin Show Signs Of Bull Run: Analyst Michael Van De Poppe Maps Next High Levels
Due to the ongoing volatility among the main market movers, Litecoin’s price action at the start of the month had been bumpy. The majority of altcoins have decreased in value together with bitcoin during the past month. However, with a strong performance on Christmas Day, Litecoin became the biggest gainer. This improved its performance and pushed it in front of market leaders like bitcoin and Ethereum.
Nevertheless, LTC had a problem just before reaching $70. This implies that if you beat $70, LTC will probably rise quickly to $80. But for LTC, $100 is still a long way off. Litecoin was ranked fourth among active cryptocurrency projects by LunarCrush.
But the upcoming halving event in August 2023, which could signal a positive trend for Litecoin, is a significant event to watch out for. The block reward could then fall by another 50% to 6.25 LTC when this occurs. As long as demand is high, this drop in supply can result in an increase in price.
Cryptocurrency analyst Michael Van De Poppe said that LTC Price is continuing to show strength.
According to Glassnode Data, the Puell multiple was 0.77. The Puell Multiple contrasts the 365-day moving average with each day’s coin issuance. A multiple of the average Puell is indicated by the current figure.
The profitability of the miners was therefore somewhere between low and huge profits. The profitability of the Litecoin network, according to Santiment, was -11,300. This measure provides an overview of market sentiment as well as network profitability.
Crypto Price Analysis: Terra Classic, Filecoin, Axie Infinity Price Fly High
Terra Classic (LUNC)
Terra Classic is approaching the end of the yearly trade, marking the lowest levels ever since it was rebranded and separated from Terra. The price is closer to adding up another zero in its value after facing rejection from interim highs around $0.00014106, in the past few days.
The LUNC price is now approaching the pinnacle of the falling wedge consolidation which is largely believed to be bullish in the long term. Meanwhile, the RSI of the token is also raising after rebounding from the lows, indicating the revival of a possible bullish trend ahead. With a bullish breakout, which may happen in the first few days of 2023, may hit the last point of defence at $0.00001
Further a rebound high to reach levels above $0.000015 initially and later try to test the levels close to $0.00002
Filecoin (FIL)
Filecoin after the gigantic fall in the recent past has been consolidating within a very narrow range and flashes the possibility of pulling a massive leg down very soon. The FIL price has formed a clear bearish flag which appears to have reached the pinnacle of the consolidation. If the price experiences some weakness, then the price may drop heavily, testing the lower support close to $2.
The filecoin witnessed a sudden spike in trading volume but woefully it was largely dominated by the bears. Hence, the price witnessed a drastic decline of more than 28% in just a couple of days. Presently, the volume has again dropped almost to its initial levels, which has forced the price to consolidate within narrow ranges.
However, a hefty compression usually leads to a massive breakout which may be due in the coming days.
Axie Infinity (AXS)
Much similar to other cryptos, Axie Infinity also witnessed a steep descending trend before the beginning of 2022. The price underwent a magnificent rally in during Q4 2021 and marked highs beyond $166. Woefully, the price dropped by more than 96% during the bear market which followed immediately after it marked its highs.
Presently, the AXS price is approaching the pinnacle of the bearish consolidation due to which a fresh descending trend may be ignited very soon.
The bulls and the bears are equally displaying their strength, and hence the volatility remains pretty low. Meanwhile, the bulls fail to accumulate the needed bullish push, depending on which they may nullify the bearish impact of the pattern formed. Therefore, the AXS price may soon drop below the crucial support level of $6 and drop down heavily to test the last line of defense at around $3.
Here the Axie Infinity price may receive a trigger to bounce back and lay down a significant upswing to reclaim the levels back above the interim resistance.
Bitcoin, Ethereum Sparks High! Yet This May Not be the End of a Bearish Trend!
With a slight ease in the market conditions, Bitcoin price raised significantly marking new highs. Besides, the altcoins are also following the popular crypto and managed to surge to some extent. While, the market participants believe this could be the resurgence of a bullish trend, the fear of a bull trap emerges.
A well-known analyst, il Capo of Crypto still believes that the crypto markets are prone to get ‘hammered’ as it reaches some specific targets. The analyst had earlier predicted correctly the recent crash when the BTC price dropped after reaching the crucial resistance at $21,800. He says that the crypto space continues to remain under bearish pressure, regardless of the ongoing market upswings!
“CPI is better than expected but still very high. Price is testing a massive resistance zone here and forming a lower high. I’m still 100% out of the market,”
November’s CPI came up to be a surprise with a decent drop of more than 0.5% which was more than the expected drop of 0.2%. However, Capo believes that the CPI rate is still pretty high and hence the possibility of rejection to the lower support of $12,000 while the current price levels are very close to $18,000.
Moving ahead, Capo still believes that the Ethereum price may also drop towards the lower support between $600 to $650, while most of the altcoins are believed to undergo a potential drop of 50% to 70% soon.
Mentioning about world’s top 3rd crypto asset, Binance Coin(BNB), the analyst says the token could continue with a bearish trend even though it is trading within a bearish trend. Hence the price target could be somewhere around $40 to $45 from the current levels of around $273.
However, if the BNB price breaks down from these levels, then the price target is believed to reach single digits too.
Overall, the market trend continues to remain pretty bearish despite the prices having jumped considerably in the past 24 hours. Therefore, setting up the possibility of a bull trap for the bitcoin bulls emerges high.
How High Can XMR Price Go?
The cryptoverse is home to a myriad of projects employing P2P (peer-to-peer) technology. But one such cryptocurrency which is widely known and is popular amongst users mainly for its privacy-oriented features is Monero. It is built on one of the most unique blockchains that make the transaction details anonymous. This is done by disguising the address used by participants.
Moreover, unlike Bitcoin, mining Monero does not require any additional high-end hardware. And can be done on traditional computing devices. But what can we expect from Monero in the future? Will the Monero price reach $200 before December 2022 ends? Worry not, as we bring to you the XMR price prediction 2023 – 2025 and the years to come!
Market Top Gainer 
Overview
| Cryptocurrency | Monero |
| Token | XMR |
| Price | $ 144.8000 |
| Market cap | $ 0.0000 |
| Circulating supply | 0.0000 |
| Trading Volume | $ 0.0000 |
| All-time high | $ 0.0000 Jan 1, 1970 |
| All-time low | $ 0.0000 Jan 1, 1970 |
Monero (XMR) Price Prediction
XMR Price Prediction December 2022
The fourth quarter remains crucial for Monero, as it could potentially create a new ATH. With growing concerns of privacy and security amongst investors. The network would host newer investors, which could help it establish its potential high of $155.42.
Conversely, the bears out-weighing the bulls could suppress the price to $115.69. Factoring in the maximum and minimum price targets, the average price could settle at $2135.48.
Monero Price Prediction 2023
Monero could find some stiff competition amongst rivals and emerging protocols in the industry. Which could limit the price to its potential low of $130.12. On a positive note, with growing prominence and developments, the price of XMR could claim its potential high of $175.29.
That said, a balance between the buying and selling pressures could settle the price at $143.64.
XMR Price Prediction 2024
The yearn for privacy and security will only rise higher in the coming years. And Monero being an ace player in it, will find numerous buyers over the course of time. On the other hand, 2024 also marks the year of Bitcoin’s halving event. This could also propel altcoins to greater heights, and XMR could steal a pie.
In such a case, the XMR price might propel to a maximum of $220.44 by the end of 2024. Conversely, factors like soaring inflation numbers and regulatory clampdowns could haul the price to $160.59. That said, an equilibrium in buying and selling pressures could land the altcoin at $190.54.
Monero Price Prediction 2025
XMR might surge effectively in the coming years, but the bearish trends may also haunt the price accordingly. Despite the huge bullish momentum, the price may tend to witness a drop, and may trend within $195.63.
However, some bullish trends may not be ignored, and eventually, the price may trade above $292.15 by 2025. Considering the bullish and bearish targets, the regular price might occur at $243.55.
What Does The Market Say?
| 2023 | 2024 | 2025 | |
| Wallet Investor | 210.84 | 242.01 | 275.14 |
| Gov.Capital | 371.57 | 611.08 | 907.23 |
| DigitalCoinPrice | 354.94 | 499.17 | 637.29 |
| Trading Beasts | 151.13 | 200.17 | 252.12 |
What Is Monero (XMR)?
Monero (XMR) is a privacy-focused cryptocurrency that was launched in 2014. This blockchain forms an underlying technology behind digital currencies. And acts as the public ledger of participants that showcases all the transactions on the network.
The unique part of the Monero blockchain is that it can be mined using minimum hardware, with the domestic C.P.U’s. Unlike Bitcoin where-in, a huge hardware setup is required to mine. And hence the consumption of energy remains relatively low.
The native token of Monero is XMR which initiated trade in the mid of 2014. The founders of Monero decided to remain anonymous. Moreover, according to some rumours, Satoshi Nakamoto who is the inventor of Bitcoin, is also the creator of XMR.
Monero (XMR) is a privacy-focused cryptocurrency that was launched on Bitcointalk as Bitmonero in 2014, then renamed to Monero. It’s still impossible to find the real founders of Monero. The crypto fraternity firmly believes there are seven key members involved in the platform who have decided to remain anonymous. As per rumors, Bitcoin founder Satoshi Nakamoto is one of those seven members who hold a key role in the Bitcoin platform.
The blockchain forms the underlying technology behind digital currencies. and acts as the public ledger of participants that showcases all the transactions on the network. The unique part of the Monero blockchain is that it can be mined using minimum hardware and with domestic C.P.U’s. Unlike Bitcoin, a huge hardware setup is required to mine. Hence, the consumption of energy remains relatively low.
Monero aims to achieve the highest level of decentralisation possible, such that users don’t have to trust anyone. The native token of Monero-XMR is a completely fungible digital asset. The details about senders, receivers, and the amount of funds transferred are obscured by default. That said, the process of obfuscation is achieved by the use of ring signatures.
Fundamental Analysis
It’s still opaque to find who are the real founders of Monero. The crypto fraternity firmly believes there are a total of seven key members involved in launching the platform. Who decided to remain anonymous. As per speculations, Bitcoin founder Satoshi Nakamoto is one of those seven members who holds a key role in the platform.
Monero was launched on Bitcointalk as Bitmonero in 2014, then renamed Monero. The initial months were challenging for the platform. It had also recovered from a spam attack in September 2014. Whilst in the same year, the platform became successful in publishing research lab papers 1, 2, and 3. The platform aims to launch second-layer solutions of speed and scalability in the years to come.
CoinPedia’s Monero Price Prediction
The Monero platform seems to be invincible with a string of events lined up for launch. This secure platform is the best-suited investment in the contemporary rocky market scenario.
According to Coinpedia’s formulated Monero (XMR) price prediction. If the network launches upgrades such as the second layer solutions for speed and scalability, Bulletproofs+, Return addresses, and Triptych. The price may easily surpass the $250 mark by 2022. Conversely, if the network fails to execute its plan. Then the price can flip into a bearish trap, and dip to $180.
Monero price Historical Market Sentiments
2014 – 2016
- Monero did not find much success during its first two years.
- The coin performed well since mid-2016 when the price surged above $1 for the first time.
- By September, the price surpassed the $10 milestone. Following oscillations the year was terminated at $10.
2017
- The price at the beginning of 2017 was around $12 which surged to reach $132 by September.
- The digital token declined below $100 by November.
- By the end of December, the price hit a peak at $461. And closed the trade for the year with a slight pullback at $334.
2018
- The price reached its highest-ever level forming ATH at $495.84 on Jan 07th.
- By the mid of 2018, the price fell close to $100 and eventually dropped below the levels in august.
- It regained the levels above $100, but the short-lived rally flipped into a bear market. And the year was concluded at $48.
2019
- In January 2019, Monero (XMR) was valued at about $46.
- Its price rose and by mid-June, it managed to peak at around $120.
- The price fell close to $50 by the end of November and by December the Monero settled at around $45.
2020
- The price witnessed a steady growth till the mid of February and also fell close to $35 by mid-march.
- Further, the price rose steadily and surpassed $100 by the end of August. And closed the yearly trade at $159.
2021
- XMR’s price had commenced its trade in an uptrend. The price had crossed $160 by the mid of January.
- By April the price had crossed the $300 mark, and managing an uptrend the price hit an ATH of $517.62 on the 5th of May.
- The Chinese market crisis on May 19th, resulted in Monero undergoing a steep fall to $192.
- Following rejections, XMR managed to hit $338.63 in July, but aggravating bearish trends led to Q3’s closure at $250.44.
- XMR was seen ranging sideways for the majority of the time in Q4. Howbeit, the price took a downswing, which led to the annual closure at $223.98.
FAQs
Yes, Monero is definitely a good investment option, as it may reach a trading value of $253.8 by the end of 2022.
Monero is a privacy-oriented crypto that is untraceable.
As per our Monero price prediction, the XMR price might surge as high as $1155.2 by the end of 2025.
A single block of Monero requires approximately 2 minutes to mine. Hence nearly 720 blocks can be mined in a day.
Yes, you can mine XMR on your laptop or Android phone, using the right app.
Cryptos With A High Growth Potential In 2023 Include Ripple (XRP), Monero (XMR), and Flasko (FLSK)
Singling out a profitable crypto investment for 2023 is a daunting task, mainly because many predictably profitable and famous coins dipped extremely low. Investors were extremely worried about choosing a lucrative crypto investment for 2023.
Let’s take a look at three coins that show amazing growth potential for 2023, namely Ripple (XRP), Monero (XMR), and Flasko.
Expectations From Ripple (XRP) Are High
Ripple (XRP) is a worldwide payment system that facilitates instant and low-cost international transactions. Ripple (XRP), unlike other cryptocurrencies, is not designed to replace banks but to enhance the efficiency of banks and their transactions with one another and the wider financial system by using blockchain technology.
Both banks and individual traders now seem to have faith in Ripple (XRP), which may make it a safer bet than other alternative cryptocurrencies. Additionally, unlike other cryptocurrencies, where new tokens are continually being generated and mined, Ripple (XRP) has a fixed quantity of units, which makes Ripple (XRP) crypto worth considering for 2023. Ripple (XRP) currently costs $0.40 and is expected to rise above $0.5 by April 2023.
Monero (XRM) Seems To Be On The Right Track
Monero (XRM) and other cryptocurrencies have seen a relief bounce in recent weeks, delivering double-digit gains and giving the crypto market cap a temporary favorable appearance. Starting at $100, the price of Monero (XRM) has steadily risen to its current level of $138.18, with a weekly high of $150. Positive news for Monero (XRM) dealers and investors as the coin’s price rose 1.2% from the past week. Forecasts put the price of one Monero (XRM) anywhere from $227.47 up to $269.70. Additionally, experts predicted that Monero (XRM) would be selling at $235.33 in 2025.
Flasko (FLSK) Is The Best Investment Right Now!
Flasko is an upcoming crypto investment platform and will be the first of its kind. Using Flasko’s cutting-edge platform, you can purchase fractionalized NFTs backed by rare and vintage bottles of whiskeys, champagnes, and wines.
Flasko has been audited by Solid Proof, with a lock on liquidity for 33 years. The team won’t be able to sell their tokens for the next 2 years, so there’s no chance for a rugpull.
Flasko is much cheaper than other cryptos mentioned on the list and is worth only $0.099. And Flasko is expected by analysts to rise to an estimated $5.67 – $8.4 by March 2023.
It will be an opportunity missed if you don’t partake in the ongoing Flasko presale, as Flasko is on the path to becoming one of the fastest-growing crypto of 2023, and has blue-chip cryptocurrency potential.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Dogecoin Is Preparing For A Potential Bull Run! Here Is How High DOGE Price Can Fly Next
The famous Dog themed meme cryptocurrency, Dogecoin, has witnessed a mixed reaction from the market amid the turmoil. The upward rally of Dogecoin of over 150%, which was initially led by Elon Musk’s Twitter acquisition, has now completely gone under the blanket as FTX’s collapse draws investors’ attention.
The downfall of FTX has brought extreme fear for whale holders and investors as they were pushed to book profits to avoid making any further significant losses. However, whales now have started accumulating DOGE again with an optimistic hope relying on Doge-father Elon Musk’s further moves, which can soon lift the meme coin to new highs.
Dogecoin Whale Accumulation May Bring A Short Squeeze!
After trading in bearish territory for nearly six months, Dogecoin’s massive uptrend in October brought bullish hopes to investors with its much-awaited price goal of $1. However, Dogecoin failed to maintain its stability above $0.1 as it got trapped by bears of the market after being triggered by FTX’s demise.
According to on-chain analyst firm IntoTheBlock, whale investors have woken up amid the current market crash, which has pushed DOGE’s price to its initial price level of $0.08. Some analysts see this price level as an excellent opportunity to execute ‘buy the dip, sell the rip.’ The firm noted that large holders made an inflow of 871 million DOGE with a hope of a bull run in the next few days to maximize the profits of their DOGE holdings.
Moreover, a well-known pseudonymous crypto analyst, CryptodailyTS, predicted that a breakout above the resistance of $0.08 might bring more buying pressure in the DOGE price chart as investors are investing heavily in the dip. The analyst further predicted that a continuous whale accumulation for DOGE might force short sellers to exit their positions, leading to a short squeeze to $0.09.
DOGE Price To Fly Above New Highs
Twitter’s CEO Elon Musk has been quite dominant in controlling the price movement of Dogecoin through his influential tweets. It is expected that Dogecoin’s integration with the social media giant may bring a robust upward rally with the aim of $1 ahead.
Over the last few days, Dogecoin has been progressing slowly to the North in the price chart after breaking above its immediate resistance level of $0.078. Looking at the daily price developments, DOGE trades at $0.08029, with an uptrend of 3.2% from yesterday’s performance.
The RSI-14 indicator is making a solid upswing as it trades at 45-level, hinting at intense buying pressure in the DOGE price chart. Moreover, the MACD line has gained control near its signal line and aims to take the meme coin to its 23.6% Fib retracement at $0.084.
However, there is a strong resistance zone at $0.86, where EMA-200 is currently trading. If DOGE surpasses its resistance at $0.86, it can attempt to make a bullish breakout at its Bollinger band’s upper limit of $0.94 and head toward its next resistance level of $0.12.
However, Dogecoin may retest its support level at $0.073 before initiating a clear uptrend. If DOGE fails to hold its price above $0.073, it may significantly drop to its Bollinger band’s lower limit of $0.05 and consolidate in that region for the rest of the year.
Top 3 Altcoins With High Potential Are Flasko (FLSK), Shiba Inu (SHIB), and cETH (CETH)
The cryptocurrency world had an extremely volatile ride in 2022, resulting from several market sentiments like the increasing inflation, recession fear, and Russia’s invasion of Ukraine. However, even with the market downturn, there are 21,619 total cryptocurrencies available on CoinMarketCap, as of November 3rd, 2022.
This shows that digital assets still have more to offer. With this, analysts have put together the top three altcoins with the highest potential to provide massive gains for crypto beginners. They are Flasko, Shiba Inu (INU), and cETH (CETH).
Shiba Inu (SHIB) Investors Hopeful As “Dogecoin Killer” Rallies
In October 2021, after Elon Musk tweeted a photo of his Shiba Inu puppy, Shiba Inu (SHIB) token gained momentum and even had news of its listing on the Robinhood exchange. However, the bearish trend of 2022 has left Shiba Inu (SHIB) investors reeling from the loss. However, Shiba Inu (SHIB) recently showed some green on the charts when it rose by about 30% on August 15th, 2022.
Analysts attributed this to the buzz about a new game called the Shiba Eternity, and also the rise of Ethereum, which is Shiba Inu (SHIB) tokens underlying blockchain. Shiba Inu (SHIB) is gaining momentum as whales seem to be accumulating the coin, indicating a bullish trend, as seen in its price change of +9.51% last week to trade at $0.00001326.
cETH (CETH) Lending Token Bullish As Market Rallies
Released by compound protocol, the compound Ether (cETH) aims to ensure that the process of earning interest from the crypto lending market is more accessible. By November 8th, 2021, Compound Ether (cETH) achieved an all-time high of $110.86. Meanwhile, since its all-time high, Compound Ether (cETH) has had a cycle low of $16.49.
Compound Ether (cETH) trades at $77.81, up 7% over the previous day. Compound Ether (cETH) currently ranks #83 based on market capitalization, with a circulating supply of $18,460,592, the maximum supply.
Based on data from Binance, over the previous 90 days, Compound Ether (cETH) has had a price increase of 80.43%. At its all-time high, Compound Ether (cETH) had a price of $96.49 and is being actively traded in various cryptocurrency exchanges.
Flasko (FLSK): Top Alternative Investment Set To Surge In 2023
It is general knowledge that the luxury and rare wines market is worth millions of dollars and continuously growing in value. Flasko, an alternative investment platform, will allow users and investors to trade in minted and fractionalized NFTs backed by rare and luxury wines, champagnes, and whiskeys.
Flasko currently goes for a price of $0.077 and is in its second presale stage. A total purchase of an NFT would result in the product being delivered to the investor location. Analysts predict that Flasko has a massive potential to provide enormous gains since it has been audited by Solid Proof, and its liquidity will be locked for 33 years.
Investing early into a project offers the best returns, and this will be so with Flasko since analysts predict that Flasko will be a future blue-chip cryptocurrency. You can look deeper into the Flasko project by clicking on the links below.
Website: https://flasko.io
Presale: https://presale.flasko.io
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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India’s High Tax on Crypto Will Kill the Industry – Says Binance CEO
Binance CEO Zhao Changpeng, during the Global fintech panel in Singapore, said that the high tax rates on crypto would kill the industry in India. These sentiments come after the government of India introduced a tax plan that has adversely affected the crypto industry in the country tremendously.
Notably, a 30 percent tax rate on crypto transactions was announced by India’s Finance minister Sitharaman Nirmala during the 2022 budget hearing. In addition, the government of India gave a directive of an extra 1% tax deduction on all crypto transactions.
Reportedly, one of the largest crypto exchanges in India WazirX reported a decline of around 70% in daily transactions after the government imposed heavy taxation. As of October 2022, the average transaction had dropped to $1 million. It is a 90% decrease from the previous times before the tax decree. Zebpay, another popular exchange in India, reported a decline from $122 million in October 2021 to $1.26 million currently, according to nomicsdata.
Zebpay’s CEO Avinash Shekhar said the government should deduct the imposed tax rates and the 1% transaction tax. He said this after expanding the crypto business to Singapore and Dubai.
He noted that India’s high crypto tax rates had affected the brokers, including WazirX, which laid off nearly 45% of its staff. According to Shekhar, Zebpay has also been affected by these laws and has executed salary cuts of up to 6%.
India on Crypto Regulations
India has attracted key layer 1 blockchains like Ethererum and Binance seeking the large market share. Moreover, India is one of the most populated countries with over 1 billion during the latest census. Nonetheless, the country’s regulators have been keen to regulate the crypto industry to protect investors from exploitation.
In 2013, four years after Bitcoin’s launch, India saw the opening of its first cryptocurrency exchange. The Reserve Bank of India passed a law banning cryptocurrency, claiming that virtual currency was not legal tender. Without resolving, the topic was discussed by the government for four years. In 2017, the Ministry of Finance and the RBI established a committee overseeing cryptocurrency.
The RBI imposed a ban in 2019 due to the expansion of the crypto businesses in the country. Later, the RBI’s order that prohibited cryptocurrency exchange in India was declared illegal by the country’s Supreme Court in 2020, which resulted in the retraction of the restriction.
The Indian government announced it would launch a digital currency in January 2021. Furthermore, the government declared in November that it would regulate cryptocurrency rather than ban it.