Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform
Crypto Banter’s Jonathan Fiorenza, a cryptocurrency analyst, recently shared his thoughts on the current state of Bitcoin and the cryptocurrency market. According to Fiorenza, Bitcoin is holding strong despite the chaos in the market.
He pointed out that Bitcoin is currently trading at $28,000, which is 5% higher than its lows during the recent Jesse Powell speech. He also noted that Bitcoin has formed a strong support level between $26,000 to $27,000, which he sees as a good buying opportunity.
However, Fiorenza has also warned that if Bitcoin starts closing below $27,800 within one-hour candles, there could be a possibility of further downside. He highlighted that there is a trend line on the one-hour chart, and if Bitcoin starts closing below it, there is a chance that it could come down to the $26,000 – $27,000 block.
Altcoin Distribution Expected Soon
Fiorenza then discussed the dominance of Bitcoin in the market and how it affects other cryptocurrencies. He asserted that the dominance of the king coin is currently at 48%, which he sees as a rejection area for the dominance to feed money back into altcoins. He explained that whenever Bitcoin hits the 49% mark, it has always resulted in a few weeks of altcoin distribution.
The expert believes that there will be a big distribution of Bitcoin into altcoins very soon, as he sees the current market push as a safety pump. He thinks that the big money is in altcoins, and has advised investors to load up on them once Bitcoin hits the $29,000 to $30,000 price range, which he considers his buy zone.
Fiorenza also spoke about Ethereum, which he thinks is a big cryptocurrency to watch out for. He noted that Ethereum looks strong, and he expects it to gain hype when its upgrade arrives. Fiorenza urged investors to prepare for a massive altcoin surge and be ready to make money. At press time, Bitcoin was worth $27,492 and Ether was exchanging hands for $1,743.
Ethereum (ETH) Price All Set To Ignite The Altcoin Season : Massive Rally On Horizon
A number of causes, including the failure of crypto banks in the US like Silvergate and Signature, have recently contributed to a price decline in the cryptocurrency market. This changed, though, as this week saw a significant rally in both Bitcoin and Ethereum as they tried to maintain their bullish trend.
According to analytics firm Santiment, Ethereum (ETH), the second-largest cryptocurrency by market cap, has additional room for growth. They predicted that Ethereum’s price, which over the weekend touched a high last seen seven months ago, will rise above $2,000 in the near future.
Twitteratis give a thumbs up for Ethereum
Since August 18th, Ethereum’s price had not surpassed $1,840 and ETH sank to a two-month low earlier this month. Santiment claimed that Ethereum’s transaction costs dipped below $2 when ETH achieved a seven-month high instead of increasing above $8.
According to a Twitter poll Santiment conducted over the weekend, more individuals think Ethereum will rise above $2,000 first than think it will fall below $1,600 first. About 10% of those voted predicted that Ethereum will rise above $2,000 in the near future, while 5.2% said that it would fall below $1,600.
At the time of writing, Ethereum is trading at $1,797 and is up by more than one percent in the last 24 hours.
Brian Quinlivan, director of marketing at Santiment, claimed that the rise of Bitcoin and the collapse of the banking industry are related. Bitcoin is currently hovering above the $28k mark.
“So why did prices manage to soar? Well, there were a few different key events in the first half of March.The most obvious appeared to be the collapse of one of the larger US banks, Silicon Valley Bank (SVB). And it appears this has caused massive ripple effects among the banking sector, in general,” he said.
Bitcoin (BTC) Price To Soon Hit $30K, Altcoin Season On Horizon – Here’s What Traders Can Expect
Amid the global banking crisis and fears of worldwide recession, analysts have plotted macro money inflow into the Bitcoin market in the past few weeks. As a result, the Bitcoin price printed its largest weekly gains since the January 2023 market reversal.
Having invalidated the 2022 crypto bear market, the Bitcoin price has continued to stay above the 200 WMA. Despite the 200 WMA acting as a crucial support level, the fears of a pullback induced by the weekly death cross still linger in most swing traders.
Consequently, most analysts are watching if Bitcoin can close the next few weeks above $25k, which could mean $30k is around the corner.
With the Federal Open Market Committee (FOMC) data on interest rates expected tomorrow, Bitcoin’s volatility is expected to heighten, and perhaps reach $30k. A continued bull case tomorrow will induce a fresh bull run on the altcoin market, where most traders make more profits on low-cap projects.
Analyst’s Take on Bitcoin Market and Alt Season
In his latest YouTube video, popular crypto analyst Joe Parys disputed the recent narrative that Bitcoin can hit $1 million in 90 days. According to Parys, Balaji’s bet is not sensible as at the moment Bitcoin price has been moving towards diminishing returns. As such, the analyst noted that high returns are currently based on altcoins like HEX, which has gained over 59 percent in the past 30 days.
Arguably, Bitcoin is bound to hit $1 million due to more countries like Venezuela whose economies are struggling with hyperinflation.
Notably, Parys thinks the altcoin season is about to kickstart with Ethereum headed for $2,000 soon. Moreover, Parys noted that Bitcoin’s dominance has historically declined after a bull market, which typically flows to the altcoin industry.
Massive Ethereum Price Rally On The Horizon
The cryptocurrencies are flashing green, while the uncertainty and volatility hovers around the crypto space as a result of collapsed Silvergate Capital. The major recovery comes from the star cryptocurrency, Bitcoin followed by Ethereum and other altcoins.
As Bitcoin gained its lost $24K area, soon the leading smart contract followed the lead which has now surged nearly 7% over the past day. Ethereum price started its massive bull movement after it reached the $1,550 resistance area. The currency had hit a high of $1,700 before consolidating slightly.
At the time of publishing, Ethereum is priced at $1,690 after an upward swing of 6.82% over the last 24hrs.
Meanwhile, as the overall crypto market has turned bullish most of the market experts have claimed a bullish stance. One such crypto analyst and trader is Real Vision CEO Raoul Pal who has set a positive target for Ethereum price in the days to come.
Ethereum Price To Soon Claim Its Crucial Area
In his new video updates, Raoul Pal is seen claiming that Ethereum price might soon gain a major bull rally. The analyst is also seen displaying a chart where he asserts that it appears that after a month long of correction, Ethereum is finally setting for some bullish momentum.
Further, the strategist gives out the price target and says that Ethereum price could hit anywhere between $2,000 and $3,000 or even higher. Also Raoul Pal believes that Ethereum may soon enter a V-shaped recovery stage.
On the other hand, the community is awaiting to witness its much awaited Shanghai upgrade which is set to happen in April. This will be the first upgrade after Ethereum 2.0. If the Ethereum bulls hold on to its pace then ETH could soon hit the said target of $2,000.
Ethereum Whales Hype Up Shiba Inu with Shibarium Launch On Horizon
The long-awaited release of the Shibarium layer 2 scaling solution is the focus of the Shiba Inu (SHIB) ecosystem. The Shiba Inu community may count on more token burns now that the Shibarium L2 is operational. In expectation of greater returns, additional Ethereum-based whales have reportedly moved to the Shiba Inu ecosystem.
Despite the coin’s recent price decrease, data from WhaleStats reveals that SHIB, which has a market cap of $601.2 million, is the most common cryptocurrency held by the top 100 Ethereum whales, with a share of 12%. Given that most investors now possess more stablecoins, this amount only represents about 10% of the altcoins owned by ETH whales.
A few days ago, one of the biggest Ethereum (ETH) whales on the planet started buying Shiba Inus for hundreds of millions of dollars. A huge crypto whale just scooped up 118,058,494,947 SHIB worth $1.34 million, according to blockchain tracking firm Etherscan.
The investor now has a whopping 19,801,902,912,350 SHIB worth more than $225.34 million after this most recent transaction, accounting for close to 40% of the whale’s cryptocurrency holdings.
Shiba Inu has displayed a spectacular recovery from the beginning of January 2023 from the low of $0.00000777. The recovery wave was able to raise SHIB’s price above the 50-day EMA, which has generated a bullish feeling among investors.
Subsequently, after a brief period of consolidation, the SHIB price turns lower and keeps moving downwards. Because of this, the short-term outlook for SHIB has once again turned bearish. The first obstacle for bulls will be around $0.00001396, and the second will be at $0.00001525.At the time of writing, Shiba Inu is trading at $0.00001104 and is down by more than one percent in the last 24 hours.
XRP Price Holds Strong at $0.35 Support Level! Experts Predict Bullish Ascending Pattern on the Horizon
Recently, the crypto market has been filled with obstacles, forcing several assets to hover near their weekly lows. In addition, the financial crisis at the Silvergate bank has enabled many crypto exchanges to cut ties with the bank, creating bearish pressure in the altcoin market, and XRP is no exception. However, the token’s price is still on the verge of a bullish rally as Ripple CEO heads toward the conclusion of the lawsuit against the SEC with high confidence.
Ripple Sheds Bullish Hope On XRP Price
During a recent interview with Bloomberg, Ripple’s CEO Brad Garlinghouse shared some noteworthy insights. Garlinghouse believed the current dispute with the SEC would likely be resolved sometime this year. He also emphasized the significance of the upcoming decision, stating that it would have a “pivotal” impact on the broader cryptocurrency industry.
Moreover, Ripple is focused on its developments as Antony Welfare, Ripple’s senior advisor for CBDC and global partnerships, recently provided new information regarding the company’s “state cryptocurrency” initiatives. Welfare revealed that Ripple is currently in an advanced stage of development for its projects with Bhutan and Palau.
As XRP price recently made a dip, it attracted whales to accumulate a large amount of tokens. According to data from WhaleAlert, whales have moved more than 681 million XRP tokens in multiple transactions worth roughly $252 million.
The largest transaction was a transfer of approximately 270 million XRP, worth around $99 million, from an unidentified wallet address to another. This whale movement hints at the ongoing interest among investors as XRP price will soon skyrocket after Ripple’s winning in the lawsuit.
What Lies Ahead For XRP Price?
XRP price has climbed nearly 12% in the last 30 days, making a high of $0.42. However, the token has witnessed a price dip of over 4% in the last few days due to several macro conditions that shook the crypto market.
XRP bulls have defended the crucial support level of $0.35 multiple times as XRP still creates hope of a bull run by March’s end. After taking support at $0.3539, XRP price has again surged above its 23.6% Fib level and aims to break its monthly resistance level in a few days.
As of writing, XRP price trades at $0.365, with a decline of nearly 1.7% from yesterday’s price. Analyzing the daily price chart, XRP price is now preparing for a rebound above its 38.2% Fib level. A prominent crypto analyst, WorldofChartsFX, predicts a massive breakout for XRP in a few weeks. The analyst expects a high above $2 if the XRP price breaks the resistance of the triangle pattern at $0.55.
Shiba Inu Death Cross On Horizon – SHIB Price Might Hit Low Levels in Coming Weeks
Amid the tensions of another market-wide downturn owing to recent developments including the Silvergate fiasco, the Shiba Inu price may continue to experience strong selling pressure in the upcoming weeks.
Shiba Inu death cross might also occur in the near future and the near-term price movement may be in danger. Since the asset is currently trading below the 50-day moving average, analysts believe that a “death cross” may shortly appear on the chart.
A death cross is a technical pattern that suggests the possibility of a significant sell-off, as is currently happening on the SHIB chart. Death crossings happen when the 200-day moving average (MA) crosses below the slow-moving 50-day MA.
They are a type of technical indicator that often signals a substantial decline in the price of the specified cryptocurrency asset.
Since hitting an all-time high of $0.0000157 on February 4, the SHIB price has decreased. A bearish divergence in the daily RSI occurred prior to the decline. The lowest price for Shiba Inu so far is $0.0000108.
Investors in SHIB should be concerned about this pattern because it suggests that the price of the asset may drop further in the near term. The price of Shiba Inu is currently trading at $0.00001, the lowest level in 40 days.
Also, the development occurs just as Shiba Inu is getting ready to introduce the beta edition of its layer 2 networks Shibarium. Thus, there is the possibility of a significant move north and the danger that it won’t happen.
Recent changes on the possible debut of Shibarium caused the price to react a little bit. One of the founders responsible for the Shibarium layer-2 blockchain is Shytoshi Kusama. Some investors are unsure of Shiba Inu’s future given the current level of interest in Shibarium.
Altcoin Season Is On The Horizon! These Altcoins May Print Impressive Bullish Momentum Soon!
In the past week, several altcoins have experienced substantial gains, with some seeing double or even triple-digit increases. However, the top two cryptocurrencies, Bitcoin and Ethereum, have remained relatively stagnant without impacting the overall market as they have continued to consolidate their position without significant upward momentum.
Altcoin Traders To Enjoy A Bullish Ride Soon
The last week has shown the bottom price levels to traditional crypto investors, including Bitcoin and Ethereum, forcing the crypto market to shift their attention to the top-notch altcoins for investment.
Altcoin traders are now eagerly awaiting the upcoming bullish season as the metric Altcoin-Season index is heading toward 75, currently trading at 41.
Stacks (STX) Price Analysis
The STX token has surged over 160% in the last few days as it has witnessed a steady growth in NFT activities on the Stacks blockchain amid the Bitcoin NFT (Ordinals) hype.
As of writing, the STX token trades at $0.87, with an uptrend of over 10% in the last 24 hours. Looking at the daily price chart, STX price may build a bullish trend continuation as it forms a cup-handle pattern. A breakout above $0.89 will send the token to trade near the next resistance of $1.03.
Aptos Price Analysis
Aptos price is preparing for a 50% upswing this week as it has taken support above the EMA-50 trend line. According to CoinMarketCap, the Aptos token trades at $13.79, with a gain of 5.53% from yesterday’s price.
Observing the 1-day price chart, the Aptos token has formed a ‘W’ pattern, which signifies a potential bullish rally if APT breaks above the EMA-20 trend line at $14.2. If it gains buyers’ confidence and pressure, the APT token may surge above $16.3 this week. Moreover, the SMA-14 forms a bullish divergence with the RSI-14, hinting at a 50% upswing soon.
Lido Dao Price Analysis
Lido Dao has been on an upward rally, getting continuous support from bulls with solid buying pressure. After forming a bottom at $2.63, the LDO token has broken its 31.8% Fib level and has continued to surge.
As of writing, LDO trades at $3.12, with a gain of nearly 10% in the last 24 hours. APT is currently moving near the immediate resistance level of $3.2, and a push above this may take the LDO token to $4.
Bitcoin Staggering Rise to $25K: Top Expert Predicts Whether $30K Is on the Horizon
Bitcoin’s staggering rise to $25k has taken the crypto world by storm, and top expert Michael van de Poppe, who has been bullish on the king coin since the year started, has released a new prediction on when the coin will hit $30,000.
Will Bitcoin Price Hit $30K In the Coming Week?
Michael has guaranteed that the period of time spanning from March to June would be a feast of Bitcoin (BTC). Even if the industry expert anticipates that there will be some leveling down throughout the course of this month, he is certain that the price of the king coin will reach $32,000 by the 15th of March.
Bitcoin’s value as of this writing is $23,757, and Michael says that it’s normal for the token to backtrack a bit after it hits the resistance level of $25k. He recommends keeping an eye on $22.8K as a crucial support to sustain, and after that, we’ll be making HL’s again for the continuation of the upward trend.
According to the expert, market corrections in cryptocurrencies tend to be rather brief, particularly in bullish markets. When the market has tested higher time frame levels, it will often go up in price.
Lately, there has been a rise in the demand for Bitcoin as a result of Bitcoin’s price appreciation after investors overlooked what seemed to be a governmental crackdown in the United States and CPI statistics, along with Ethereum and a wide variety of other cryptocurrencies. A large number of members of the trading and investing communities are positive about bitcoin.
Bitcoin has a fixed quantity on the market, and its price will be set by a combination of supply and demand for the cryptocurrency. With the recent price increase of the token, the rising trend of the asset was followed by a number of other cryptocurrencies and altcoins, particularly those with significant market capitalization. Ethereum (ETH) is worth $1,689 at the time of writing and BNB is worth $310.
Aptos Labs Announces New Features – APT Price Massive Surge On Horizon!
The Aptos (APT) network, a layer 1 (L1) blockchain that has attracted significant crypto attention, has rallied more than 385 percent in the past 30 days. Trading around $18.25 on Thursday, the APT market has recorded total liquidations of about $6.08 million in the past 24 hours. As more traders take profits, the APT bulls are losing the rising momentum that has existed for the whole of January.
As such, the latest layer 1 blockchain with huge on-chain activity may be looking into an imminent correction. Furthermore, the APT price in the four-hour time frame has broken from a rising trend line.
Nonetheless, the Aptos developers are busy building infrastructure to onboard more NFT and crypto traders. As a result, the Aptos price could rally onward to the price discovery region and set new ATH.
Aptos (APT) Network Welcome New Upgrades
Backed by hundreds of developers distributed around the world, the Aptos network is constantly getting upgrades to meet the demand for decentralized applications. On Wednesday, the Aptos blockchain announced the release of a new upgrade dubbed v1.2.4. Notably, the Aptos node upgrade is meant to bring new features and enhancements to the developers and reciprocate to users.
With the new upgrade, the Aptos blockchain added exponential back-off to reduce timeouts for full nodes in low-bandwidth environments. Additionally, Aptos v1.2.4 has made several small performance optimizations to reduce latencies and better handle timeouts.
Previously, the Aptos team had made several changes including some that could render the network incapacitated.
“Our team also fixed a couple of bugs that had the potential to crash the validator or DoS the system. We identified these issues as part of our routine third-party auditing and bug bounty program,” Aptos Lab noted.
Voyager Bankruptcy Leads to Massive 270 Billion Shiba Inu Transfer! SHIB Price Drop On Horizon?
The bankrupt cryptocurrency lender Voyager Digital has transferred 270 billion SHIB to Coinbase, Kraken, and BinanceUS over the course of three transactions totaling 90 billion each.
Today, crypto on-chain analytics firm Lookonchain made the announcement on Twitter, where they also shared a link to the transaction details. According to a snapshot that was supplied, the initial transfer was sent to what Lookonchain identified as the deposit address for BinanceUS.
The now-defunct cryptocurrency lender is said to be in possession of 6.8 trillion SHIB, as reported by Lookonchain and corroborated by the data on the Voyager address.
This move has aroused suspicions in the cryptocurrency world, with some believing that the bankrupt crypto lender is trying to cash in on the recent market boom in order to repay creditors, but Voyager has yet to comment on the matter. In addition to this, it has aroused worries about an impending sale of Shiba Inu, which has the potential to have a detrimental influence on the price of the breed.
How Shiba Inu is Doing?
As for SHIB, while continuing its ascent, the value of the meme token is being bolstered by a significant amount of support from the community. In the last thirty days, the price of SHIB has increased by more than 47 percent. Nevertheless, the recent revival of the cryptocurrency market was the primary driver of this spike. It is currently worth $0.00001201.
In conclusion, the most probable scenario for the Shiba Inu price forecast for the month of February is a bullish breakout, followed by a climb that is headed toward $0.000014. This bullish price projection, on the other hand, would be rendered worthless if the price closed below the support line of the triangle, which may set off a downward trend below $0.0000103.
Bitcoin Golden Cross on Horizon: Here’s The Timeline To Get Bullish On BTC Price
The anticipation surrounding the upcoming Federal Open Market Committee (FOMC) meeting has got investors on the verge of their seats. As the crypto market eagerly awaits the outcome, Bitcoin has started feeling the heat, and it is consolidating in a range-bound zone.
Despite its recent struggle to establish a solid trend, there’s a glimmer of hope that the FOMC meeting could spark an upward rally in the BTC price chart. With the US economy showing steady signs of improvement and the inflation rate slowing down, the stage is set for a potentially bullish dance for Bitcoin.
Bitcoin Witnesses The Best Month Since October 2021
Since the beginning of the new year, BTC’s price has gained over 40%. According to on-chain analytic firm, Glassnode, BTC has performed relatively well in January since October 2021, when it saw a jaw-dropping 41% gain in value.
To describe the reason behind the overwhelming performance, Glassnode hints at a combination of historic spot demand and a series of short squeezes, which has created a perfect storm in driving up the price of Bitcoin and sending it soaring to new heights.
Moreover, the firm claimed that the daily BTC transaction had touched a high of 50K, signifying investors’ interest in the asset. In addition, the flow of Bitcoin in and out of exchanges has stabilized significantly as a daily average of around $625 million is moving in both directions, bringing the exchange flow in a balanced shape.
This balanced situation in exchange flow signifies a healthy and robust BTC market, as buyers and sellers engage in a steady back-and-forth dance. This starkly contrasts with the turbulence of late 2022, when outflows dominated the scene.
Glassnode stated, “We also note that initial impulse of exchange outflows, in the aftermath of FTX, have calmed to neutral and are now balanced by newly motivated inflows.”
Will BTC Price Bring Golden Times Above Golden Cross?
Investors are busy predicting the next price movement because the BTC price gets stuck in the range of $23K-$24K in the last three days. As the market’s FUD situation hops in, analysts are closely watching the golden cross formation, which may spark bullish hopes in the BTC price chart.
A well-known crypto analyst, CryptoRand, predicts that Bitcoin price is poised for a bullish breakout by the next few weeks as it forms a golden cross in its price trend. The analyst noted that the 50 MA is building potential to cross above the 200 MA, known as the formation of a golden cross. The golden cross indicates a bull market for BTC, and it is strengthened with high trading volume, acting as a catalyst in the next Bitcoin bull run.
In 2019, one of the most significant golden crosses in Bitcoin’s history took place, and it made BTC the hottest investment in the crypto world by pushing its price by 600% in two years.
Apots (APT) Price Rally About To End – New Lows On Horizon
The price of Aptos has increased by up to 400% over the course of the last month, making it the cryptocurrency that has performed the best so far in January. The spike has gained the distinction of being Twitter’s most reviled cryptocurrency pump.
Experts Weigh In
The price of the token has been influenced by Asian traders, according to the opinions of experts who have spoken on the matter. Ran Neuner, a cryptocurrency expert, and influencer, argues that the manipulated nature of the APT trading volume on the South Korean exchange Upbit is a clear indicator that traders are manipulating the market.
According to data provided by Coingecko, the APT/KRW trading pair on Upbit is responsible for more than 73% of the total amount of trading activity involving the coin.
While the APT/USDT pair on Binance is staying at $327 million, the trading volume on Upbit has crossed $611 million. On the other hand, Upbit’s trade volume has topped $611 million. Crypto specialists have thus formed the opinion that trading activity should not be trusted.
However, the price of Aptos is difficult to forecast since there are currently no stable fundamentals supporting the currency, and the coin has an extremely limited quantity that is in circulation.
When investing in APT, traders should proceed with caution since its price may be subject to sudden and significant increases and decreases before it reaches its true worth.
Why APT Price is Surging?
The little amount of APT in circulation, coupled with the huge rate of trades, has led to extreme price swings, as noted by Neuner. After doing an on-chain analysis, he could identify the wallet address that got 128,627 APT from Binance when the price of Aptos was $7.82. When the price of APT increased to $17.72, the wallet’s owner moved 60,100 APT to cash out. As of Jan. 31, the wallet has $1.2 million worth of APT.
The same pattern of wallets sending APT to Binance and cashing out was seen. The analyst warned that there might be a slowdown in the APT price surge if selling pressure increases and more Aptos are stored in exchange wallets.
Massive Whale Transactions Spotted on Litecoin and dYdX? Massive Rally On Horizon?
The total crypto market cap has regained the pre-FTX level after Bitcoin topped $23k earlier this week. The altcoin market has recorded more gains in the past few weeks as it is customary for them to record higher volatility in both bull and bear markets.
Altcoins with supporting fundamentals like Litecoin (LTC), dYdX (DYDX), and Aptos (APT) have recorded better results and analysts expect even better performance in the coming weeks.
Litecoin (LTC) Whales On the Hunt
The Litecoin (LTC) market is one of the oldest in the industry, having forked from Bitcoin during the early years. According to our latest crypto price oracles, Litecoin is trading around $89.13, up 26 percent in the past 30 days. The upcoming Litecoin halving which is characterized by increased volatility both before and after the event has attracted significant attention from whale investors.
“Litecoin’s large whale transactions have exploded with activity, indicating a resurgence of transactions that are valued at $1 million or more. On the tail end of the last two similarly sized whale spikes, prices jumped +37% and +33% at their peaks,” Santiment noted.
Notably, the $6.42 billion valued digital asset is currently trading above pre-FTX levels and made an eight-month ATH.
The PoW-secured blockchain is poised to rally further with a global support base of about 7,315,237 holders according to on-chain data.
Positive Fundamentals Pushes DYDX Price Higher
The dYdX cryptocurrency exchange has over 25k traders who clocked approximately $1,417,512,035 in 24-hour trading volume. Backed by some of the industry-leading ventures – including a16z, Paradigm, Polychain, and DeFiance Capital, among others – the governance token DYDX is well-positioned to rally further.
Moreover, the dYdX foundation has postponed the lock-up period of DYDX tokens to December 1, 2023, which will mean more strong holders and liquidity in the long haul.
Altcoin BloodBath on Horizon! Analyst Warns of Drastic Crypto Crash
The pseudonymous cryptocurrency expert, Capo of Crypto, who predicted the fall of Bitcoin (BTC) earlier this year is now delivering a warning to investors about an oncoming collapse of alternative cryptocurrencies.
According to him, the situation for alternative cryptocurrencies is far more dire than it seems to be for the financial markets.
He went on to say that even if altcoins were to drop by an average of 50-55% from this point, pure shitcoins could easily drop by 60-90%.
Recently, the analyst forecasted record bear market lows for both Bitcoin, the world’s largest cryptocurrency, and Ethereum (ETH), which is now the biggest altcoin by market value. According to Capo, the price of bitcoin might go as low as $12,000, while the price of the most popular smart contract platform could fall to the $600-$650 range.
In spite of the fact that Bitcoin bulls have been successful in igniting a recovery from the current bear market bottom of roughly $15,700, Capo argues that the latest bounce is noticeably weaker in comparison to BTC’s prior surges since June this year.
In his words:
“Every bounce is smaller. Lower lows and lower highs. Support is becoming resistance. $12k is like a magnet.”
He shared this chart alongside his analysis:
A move to Capo’s aim of $12,000 would signify a loss for the king cryptocurrency of more than 28%. Additionally, the analyst claims that market participants are most likely unprepared for the sharp decline.
He goes on to say that the present trading climate in crypto and the stock market looks to be setting an ideal backdrop for a real surrender, which he believes is imminent.
According to Capo, the stock markets are in the red, cryptocurrencies are breaching critical supports, indicators are heading downward, and bulls are becoming smug and ecstatic about little price pumps.
The state of the cryptocurrency market as a whole is not too great at the moment. However, it’s possible that we’ll witness a revival in 2023. And I intend to keep my fingers crossed that it does.
The Unlimited Horizon In Ultraverse City
Virtual Reality is a technology that is gradually being adopted by the mainstream audience. Brands are starting to embrace the metaverse by creating their own VR content and apps.
Virtual shopping worlds are a new frontier in the retail industry. Brands and consumers alike are flocking to these virtual worlds to make their shopping experience more immersive and interactive.
In the digital age, consumers want to be able to shop online with the same ease of use that they have in a physical store. Virtual worlds allow them to do just that. It is a way for them to virtually walk around and explore different products, brands, and stores without leaving their home or office.
Brand owners are also starting to take advantage of this technology because it is an opportunity for them to reach out directly with their products and services while also reaching potential customers who have never heard of them before.
How Marketing for Brands is Transforming in the Digital Age
Marketing is constantly evolving, and the digital space has seen a lot of changes in recent years. The digital age has transformed marketing and advertising in many ways. The first major change is the shift from traditional paid media to online channels. With this shift, companies have to rely on other strategies to create awareness for their products and services, such as social media campaigns or influencer marketing. Only a few metaverse platforms like Ultraverse City have already started this mission. Digital billboards all around the city alongside the integration of the first-ever FM live radio station (KISSFM) have placed them among the most valued platforms already.
Some of these techniques are more effective than others, but they all have their place in today’s market. It’s important that marketers understand which ones work best for their company and adjust accordingly as time goes on.
What is a Virtual Brand & Why They are So Popular in the Metaverse
Virtual brands are brands that exist solely in the digital world. They are not tied to a physical space and can be accessed from any device with internet access.
The popularity of virtual brands has increased over the past few years because it is much cheaper to create and maintain a virtual brand than it is to create and maintain a physical brand. This is especially true for small businesses that need to find ways to compete with larger companies without spending a lot of money on marketing.
The Future of VR Marketing and Advertising for Your Unique Business Needs!
Virtual Reality is one of the most exciting and fastest-growing fields in the world. VR marketing and advertising is still a new concept in the field, but it has been proven to be effective for many industries. But of course, there are a few platforms such as Ultraverse City which give you access to their city with or without VR. Although VR marketing and advertising can help you reach your target audience better than any other form of traditional marketing. It can provide an immersive experience that will make your customers feel as if they are part of your brand.
|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.|
Is Cardano Halving On the Horizon? ADA Price May Drop 50% if This Encounters!
Cardano price has been largely bearish for quite a long time, being unaffected by the market conditions
The technicals have been extremely bearish due to which the price may soon encounter a fresh price plunge soon
Cardano, after breaking down from the crucial support at around $0.35 is considered to remain within the bearish trend until it reclaims back the levels. The price earlier had reached lower lows at around $0.301 in August 2021 and $0.295 in November 2021. Post to which the price has been hovering along the same levels and constantly deafening the last point of defense at $$0.296 multiple times.
However, the lowest support for the ADA price is around $0.15 which appears to be imminent if the bulls fail to sustain at the present levels. Besides, the RSI is displaying some bullish divergence, due to which some risks could be invalidated. Regardless of the bearish pattern in the longer time frame, the price continues to trade within a descending parallel channel.
This is considered a bullish pattern as the price could undergo a significant breakout but the trend within the channel remains largely bearish. The ADA price is trending very close to the channel’s support line, being in a lower position since the beginning of November 2022. Secondly, the daily RSI has broken down from its bullish divergence which is an indication of a bounce.
Therefore, the yearly close can be considered extremely pivotal for the Cardano price which may have a larger impact on the yearly end. The bulls are expected to hold the price right up and if they fail to do so a major drain may drag the ADA price lower very soon.
Ripple VS SEC Verdict May be on the Horizon! Here’s What to Expect
In a recent update, Ripple has filed its redacted reply to the SEC’s opposition in court to the motion for summary judgment. The SEC continues to believe that XRP is a security and has tried to extend the case many times. But with the recent development, the closure of the case appears to be on the horizon.
Previously, the court allowed the entities to file an amicus brief in favour of either Ripple or the SEC, and the last day was November 30, 2022. Furthermore, both parties were expected to file responses to the motion, which Ripple primarily pursued.
Ripple founder, Brad Gardlinghouse, congratulated the entire Ripple Team for reaching the current point.
Brad, repeatedly said from the very first day when the lawsuit began that Ripple will fight aggressively and compel the SEC to roll out clear regulatory rules for the entire crypto space. The founder posted his response to the tweet by Stuart Alderoty, Ripple’s general counsel. In response, he shared the tweet from James Filan who shared via Dropbox with access to the document file by Ripple.
Both the parties, Ripple & the SEC filed motions for the Summary judgement back in September. By the end of October, Ripple submitted an opposition to SEC’s motion for summary judgement, in which it stated that it cannot be proven that XRP holders expected profit from Ripple’s efforts.
However, the Ripple vs SEC lawsuit is expected to reach its climax very soon, and the judgment is expected to be in favor of the company.
Massive Altcoin Season On Horizon! Here’s The Timeline Traders Can Expect Crypto Bull Run
This month has brought less volatility for Bitcoin as it trades in a consolidated range between $18,500 and $19,600. However, the CPI data plunged Bitcoin hard to $18,190 on 13 October, but it quickly recovered from the bottom range and traded in a stabilized zone.
According to Bitcoin’s market dominance, BTC formed a double bottom in the chart before rallying upwards as it followed the same pattern in 2018 and 2020.
Similarity In Bitcoin’s Market Dominance
The bitcoin market dominance chart is measured based on a ratio of Bitcoin’s market capitalization to other cryptocurrencies in the market.
On analyzing BTC’s market dominance chart, Bitcoin has already formed a ‘W’ pattern in the chart and is poised to initiate a bullish rally if it goes according to its previous trends in 2018 and 2020.
There are two critical price levels which will determine BTC’s further move: $18,000-18,300 and $23,400.
The analysis of ‘Double Bottom’ may become invalid if BTC breaks its critical support level at $18,000, and BTC can bring more rough times to its investors as it can trade near the $10K price level.
Traders can witness a positive momentum if the BTC price makes it to a resistance level of $23,400.
From the $23,400 level, BTC can move in two ways: It follows its double bottom and makes a breakout above, or it faces rejection and drops to the current price level of $19,000.
If BTC makes a breakout above, BTC may face rejection at a resistance level of $28,400 and have a slight downward correction to $24,700; then, we can expect Bitcoin to form an exponential growth to $34,500 by the end of this year.
If BTC faces rejection at $23,400, the price can drop to the current price level and may make another attempt to break $23K by the end of December.
Altcoins Season To Become A Messiah In 2023
By the beginning of 2023, BTC is expected to reach the altcoins’ bullish zone as Altcoins like XRP, SHIB, and BNB are preparing themselves to bring a crypto boom in 2023.
Altcoins season is likely to continue till the end of May 2023, and it may act as a catalyst to get a wave in crypto investment portfolios.
The primary sentiment behind it follows investors who first invest their funds in stable crypto assets like Bitcoin or Ethereum to hold assets prices in a consolidated range and push market dominance. Once generating great returns from stablecoins, investors seek to earn more profits by moving their funds to altcoins.
The crypto market saw an excellent altcoin season during the crypto pump in 2018 and DeFi hype in 2020. In 2017, when investors started investing in altcoins during the crypto boom, which was mainly led by stable coins like Bitcoin and Ethereum.
However, the dominance of Bitcoin declined from 90% to 35% in 2018, and in 2020, the same incident occurred as Altcoins started to pump, and the dominance of bitcoin dropped from 70% to 40%.
The dominance chart of USDT also indicates the crypto market’s sentiment during a bullish and bearish trend, as it fell parallelly when investors started buying altcoins and stablecoins with USDT.
Was this writing helpful?
Is Ethereum (ETH) Price Gearing up For Fresh Rally Or More BloodBath On Horizon?
Ethereum is failing to find an upward way to make a bullish momentum as it suddenly made a bearish reversal from $1,341 on 18 October. It seems that ETH’s whale investors are playing a pump-and-dump game to maximize their profits amid the market crash.
Ethereum was expected to be the crypto community’s favorite after the succession of the much-anticipated Merge event, but it drastically failed to add any value.
The bearish trend has been fully controlled by institutional investors since Merge, and the downtrend will continue further with some twists.
Ethereum Aims For A Breakout!
Ethereum recently attempted to make a breakout at $1,341 but faced rejection and had a swift decline over 24 hours. Ethereum has been trading in a consolidated range between $1,250 and $1,300 for a month. Above the $1,300 level, bulls may take over control and push ETH’s price to the North.
However, bears are also not out of the league as the selling pressure of Ethereum continues, and we can likely see Ethereum test a support level at $1,270. According to CoinMarketCap, Ethereum is currently trading at $1,298, with a downtrend of nearly 3% from yesterday.
Ethereum: Technical Analysis
Looking at the 4-hour Ethereum price chart, Ethereum made a sharp decline since facing rejection at $1,341, and even reached near its crucial support level at $1,280 with a trend line below the 55-SMA (simple moving average).
This week has been highly volatile for Ethereum as it saw a fresh increase near the $1,260 resistance area. Ethereum saw a break above the 50% Fib retracement during the CPI data and touched a high of $1,342 from a low of $1,190.
According to our Ethereum technical analysis, Ethereum is facing a rejection near $1,340 due to selling pressure, and it is near the 76.4% Fib retracement of the current downward move. EMA-20 is trading in a bearish line at $1,320, making it an immediate resistance level in the price chart.
If Ethereum holds its price above this level, we can see its price move to the next resistance level of $1,395, where EMA-50 is currently trading. The Bollinger band’s upper limit is at $1,470, which is a strong resistance level in the Ethereum price chart.
Conversely, the Bollinger band’s lower limit is at $1,242. If this support level breaks, Ethereum may plunge hard to the bottom line and trade below $1,024.
The RSI-14 is also not impressive as it trades near 42-level, hinting that the bears’ domination will continue further if Ethereum does not make an upward breakout. The MACD line also indicates that the bloodbath of Ethereum is not over yet.
Was this writing helpful?
A Very Big Move is on the Horizon for Bitcoin(BTC) Price, Will it Kick-Start Another 2021 Bull Run?
Bitcoin price at the moment is pulling a significant leg down as the bears appear to have dominated the rally to a larger extent. The asset, recently, marked the revival of a bullish trend by breathing through the resistance of the huge descending triangle. However, the current plunge may drag the price lower and could drop back within the triangle very soon.
The trading volume also failed to support the bullish trajectory, therefore, the possibility of re-entering the same demand region emerges. If the BTC price continues to extend the apex of the descending triangle, then it may remain within the bearish captivity for a long time and could fail to ignite a successful rebound until the markets witness strong positive movements.
Interestingly, a popular analyst, Micheal van de Poppe believes a strong price action is fast approaching as the Bitcoin Historical Volatility Index(BVOL) has dropped below 25.
The BVOL has been below 36 levels a coupleof times in the past which resulted in a big price movement later. Currently, the levels are approaching the same area and hence a significant move may occur during this month’s end or at the beginning of November.
As Bitcoin price had kicked off a strong upswing in the last couple of months of 2020 that led to a huge bull run in 2021, a similar movement is expected if the BOVL resembles the 2020 levels. Therefore, after undergoing a bearish price rally since the beginning of 2022, the trend is expected to change, notably before the end of the year.
Was this writing helpful?
Cardano (ADA) Price Crash On Horizon – Peter Brandt Predicts Lower Levels
The crypto market has succumbed under bearish pressure as Bitcoin is still hovering around the $18,000-$19,000 mark, bringing the global crypto market cap under $1 trillion.
Meanwhile, Cardano, which was expected to drop after the Vasil hardfork launch just like Ethereum did after its merger, is about to see a severe price crunch in the days to come.
A well-known crypto analyst and trader, Peter Brandt, posted an ADA chart via the Twitter platform that suggests that Cardano has settled in a descending triangle chart graph.
Cardano Price To Drop
Peter Brandt is known for accurately predicting crypto price action. He had posted an ADA chart just a week ago, where he claimed that if Cardano decides to resume within the descending triangle pattern, ADA will see another price drop.
FOMC Meeting on Horizon, Will Bitcoin Form New Lows in September as Bearish Death Cross Haunts the Rally
Bitcoin price appears to be poised to hold above the crucial support zone between $18,800 & $18,200. As Coinpedia reported earlier, the BTC price continues to trade along the neckline of the lower support, intending to rebound finely in the coming days. However, the latest trade-set up flashes huge bearish signals as the price is expected to slice through these levels and register new lows very soon.
The 200-week MA is considered one of the important levels and the BTC price has been constantly failing to regain above these levels. Moreover, the unusual death cross is expected to occur in the next couple of days which could slash the price harder.
As seen in the chart, the BTC price has not tested the 200-WMA more frequently in the recent past. The test happened only a few times in history while the price was busy marking the bottoms of the bearish cycle. On the previous occasions when the price contacted the 200-WMA levels, it bounced off firmly and surged with magnificent numbers.
However, it is slightly diverse now as the asset has markers nearly 10-weekly candles below the crucial 200-WMA levels. Therefore, the probability of a rebound diminishes as the asset is preparing for a massive downswing.
The Bitcoin price is witnessing the first ever Death cross led by a cross of 20-WMA & 200-WMA levels. The 20-WMA levels have crossed the 200-WMA and heading towards the south. While the drop is not yet confirmed, a bearish close for the current week may validate the formation.
Since its inception, the 20-WMA levels traded close to the 200-WMA but never cross the levels. However, if the Bitcoin(BTC) price registers a rebound then the bearish formation may be invalidated. On the darker side, a huge plunge may be expected if the formation is validated which may drag the price below $15000 or even test the levels below $10,000 too.
Was this writing helpful?
Cardano(ADA)Price To Hit $0.55 This Week With Major Event on Horizon
The post Cardano(ADA)Price To Hit $0.55 This Week With Major Event on Horizon appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The upcoming Vasil upgrade presents a fresh challenge for Cardano. Based on existing patterns and estimates, analysts and experts have bearish predictions for the coin.
The cryptocurrency dropped out of the top five by market value, but it was still able to hold onto some of its recent gains, outperforming Ethereum and other coins.
In recent months, the Cardano price was sideways on short timescales after ending a significant slump. Early in 2022, the cryptocurrency finally fell below the $1 mark, which sparked further declines and sent Cardano back to its levels from the previous year.
ADA price prediction
Cardano price reached the swing low of $0.460 on September 13 and formed a double bottom around $0.450, forming the sixth liquidity run on a twelve-hour chart. This change sparked a reversal that has caused ADA to increase by 5.82% thus far.
The immediate barrier at $0.505 might be easily tested again by the ADA bounce. Since the price of Cardano reached a higher high at $0.521 than the swing high from September 6 at $0.512, the trend appears to be in favor of bulls. The current recovery rally may therefore aim for the $0.530 resistance level.
Despite a bleak forecast for the whole cryptocurrency market, Cardano’s bull flag is developing. The price of ADA has increased by more than 6% during the last two weeks.
The so-called “Ethereum-killer” would likely see its upside limited if ADA retests $0.530, having gained 17%. Additionally, this action would have generated a higher high in comparison to the previous higher high, which was created on September 10 at $0.524.
On the other hand, the bullish thesis for ADA will be discarded if Cardano price creates a lower low below the $0.450 mark. Cardano’s price may drop to the stable support level of $0.435 as a result of this development.
Historic Crash On Horizon! Robert Kiyosaki Says Invest in Crypto! – Coinpedia – Fintech & Cryptocurreny News Media
Bitcoin, which was maintaining its price levels above $22,000 for a while now, has lost that crucial area. The main reason for this is the recent release of August’s Consumer Price Index (CPI) data, which is indicating 8.3% year-on-year.
Experts were anticipating an 8.1% figure, and thus, this increased stat has come as a shock for the entire crypto space.
Now, it’s important to see how the Federal Reserve reacts regarding increasing the interest rates.
Meanwhile, Robert Kiyosaki, author of the Rich Dad Poor Dad and financial expert, continues with his prediction that one of the largest crashes in history is about to take place. This is the reason he is advising everyone to grab cryptocurrencies before they overtake the US Dollar.
Everyone Must Invest in Crypto
Though Robert is forecasting a massive bear cycle, he also claims that this is the time for investors to accumulate and claim returns later. He indicates that in the upcoming crash, the US dollar will pull down the entire economy, prompting the worldwide acceptance of cryptocurrencies.
He goes on to say that this is not the time for want, it’s a need- everyone should enter the crypto space before it’s too late.
He continues to release his prediction on Twitter. The link below is an example of one such tweet, in which he claims that a market crash is on its way indicating a price drop for stocks, Bitcoin, gold, silver and real estate.
After examining how Bitcoin and other cryptocurrencies have plunged along with stocks and other risky assets and with today’s CPI data release, it appears as if Robert Kiyosaki’s prediction might turn out to be true.
Was this writing helpful?
Bitcoin Short-Term Rally On Horizon! BTC Price To Hit This level In Coming Days – Coinpedia – Fintech & Cryptocurreny News Media
Yesterday, the crypto market succumbed to the bearish pressure and the Bitcoin price tumbled below $19,000 to trade around $18,500. Currently, the flagship currency is selling at $19,288 after a surge of 2.90% in the last 24hrs.
Meanwhile, Ethereum is outshining Bitcoin as it has jumped by 8%. At the moment, Ethereum is trading at $1,640. Also, the Tech stock NASDAQ 100 has increased by 2.18% along with Global stocks.
As the market is trying to recover, there are quite a few speculations around the market bottom.
Among several expert opinions, a well-known analyst, Michael van de Poppe, has revealed his opinion and claims that there is a market bottom and this is why Ethereum and other altcoins are surging. He also says that yesterday’s dollar plunge is another reason for Bitcoin and other currencies to surge. He urges his followers to “hold on”.
Bitcoin Price To Surge?
There are also opinions that the dollar decided to surge based on the Federal Reserve’s financial measures and there are no indications that the Fed might move away from its hawkish approach. In addition to this, the CME FedWatch indicator is still pointing toward 0.75% interest rate hikes. If the Federal Reserve goes ahead with its tightened financial measures, the dollar might rise further.
On the contrary, another market expert, anonymously known as Crypto Capo, claims that the market is expected to see a bearish pull. However, the analyst predicts some short-term bull run for Bitcoin as BTC might reach the range of $22,500 and $22,000 before plunging.
September 13 is when CPI data is to be disclosed and the Fed will decide upon increasing the interest rates which will decide how Bitcoin shall perform in the future.
Was this writing helpful?
Here’s Why Ethereum Whales Are Moving Their Holdings With Merge On Horizon
Recently, the ETH whales have been seen moving their holdings to on-exchange addresses with a recent drop in the holdings of non-exchange addresses. The movement can be owed to the upcoming Merge scheduled to happen this month.
According to the on-chain analytics firm Santiment, the Ethereum supply within top exchange addresses climbed as traders dumped their holdings onto large exchanges amidst the 2022 market decline.
In the most recent development, a crypto whale just transferred 64,000 Ethereum (ETH) worth over a hundred million dollars to an unknown wallet.
The deep-pocketed crypto holder transferred $102,134,766 worth of ETH to an unknown address, the blockchain tracking platform Whale Alert recently reported. The unknown wallet still holds the transferred assets at the time of writing.
Ethereum network explorer Etherscan disclosed that the depositing wallet is owned by the US arm of the world’s leading crypto exchange platform – Binance.
The initial big transaction was followed by another follow-up transaction to the same unknown wallet after two hours when it moved15 ETH worth $23,988.
“64,000 ETH (102,134,766 USD) transferred from unknown wallet to unknown wallet.”
Earlier this week, Whale alert also reported several other massive crypto transfers:
- 20,054 ETH worth $30l,702,630 from an unknown wallet to Huobi
- 6,601 ETH worth $10,090,502 from an unknown wallet to OKX
- 19,999 ETH worth $31,572,906 from an unknown wallet to FTX
- 6,703 ETH worth $10,340,527 from Gemini to an unknown wallet
Ethereum Whales Prepping For The Merger?
Earlier this month, Crypto analytics firm Santiment revealed that Ethereum whales seemed to be accumulating ETH as the price of the leading altcoin surged to a new high since June. The price surge could be owed to the announcement of the ETH 2.0 Upgrade in September.
“Ethereum surged back over $1,880 after a positive CPI report Wednesday. This two-month high in price came with a major influx of ETH transactions valued at $100,000 or more. This is happening in tandem with whale addresses appearing to be accumulating.”
Notably, there has been activity in on-exchange addresses too. According to a report that recorded the activity over the last three months, there has been a drop of 11% in the assets of Ethereum in non-exchange addresses. During the same time, there was a whopping 78% increase in the holdings of whale on-exchange addresses.
“Ethereum has seen its supply held by top exchange addresses rise, which makes sense with traders dumping their holdings onto large exchanges during the 2022 slide. Watch for a decline in top $ETH exchange address holdings as a bullish signal,” Santiment reported on August 3.
ETH is currently making a transition for 1,545.73 USD, a 0.54% drop on the day.