With the next anticipated crypto bull run quickly approaching, many investors are looking for the best crypto to invest in. On that note, market observers suggest that the breathtaking acceleration of Bitcoin Spark’s Initial Coin Offering (ICO) in the bear market could mean massive profits.
When is the next crypto bull run?
Many in the crypto community are looking towards the upcoming Bitcoin halving event, which is predicted to occur in 2024, as a potential catalyst for the start of the next crypto bull run. Bitcoin halvings reduce the rate at which new Bitcoins are created, and with each halving, scarcity increases, and demand tends to surge, leading to price increases. Historically, Bitcoin halvings have been pivotal moments that trigger significant price rallies for the entire crypto market.
What is Bitcoin Spark?
Bitcoin Spark is the latest Bitcoin Fork. It has gained attention for its ability to preserve Bitcoin’s history by maintaining a limited supply of 21 million coins while introducing a range of innovative features that position it as a pioneer of the next generation of crypto.
The Bitcoin Spark blockchain will have a shorter block time, enhanced transaction capabilities per block, and a substantially larger number of nodes than Bitcoin, ensuring faster and more cost-efficient transactions.
Additionally, the blockchain will have a multi-layered infrastructure that includes a smart contract layer with separate execution systems that all reach finality on the main network. This ensures scalability and allows for a variety of high-level and low-level programming languages, encouraging diversity in the smart contracts and decentralized applications (Dapps) within the ecosystem. Bitcoin Spark has successfully passed multiple smart contract audits, indicating the sustainability of its network.
Furthermore, Bitcoin Spark uses a revolutionary consensus mechanism known as the Proof-of-Process (PoP). This mechanism non-linearly rewards miners for confirming blocks and contributing their processing power to the network. The nonlinearity of rewards and extensive node network allows even those with lower-powered devices to mine BTCS. In fact, the Bitcoin Spark team is set to launch a mining application compatible with Windows, Mac OS, iOS, and Android devices.
The miners’ contributed power will be rented out as remote computing power to individuals and organizations through Bitcoin Spark. Payments will be made in BTCS, and 97% of the revenue will be allocated to the mining pool. The BTCS minting rewards will run on an elastic system that factors the income generated within Bitcoin Spark. If more revenue is generated, the BTCS minting rewards are reduced proportionally. This moves the BTCS minting endpoint further, ensuring consistent profits for miners in the long term.
Additionally, Bitcoin Spark will incorporate small, unobtrusive spaces for advertisements in its application and blockchain explorer. The ads will be community-policied to ensure security and credibility while upholding decentralization. Advertisers will be required to pay in BTCS, merging Bitcoin Spark with the booming marketing industry. The network’s participants will receive 50% of the revenue generated and extra incentives for policing the ads.
The Bitcoin Spark ICO
The Bitcoin Spark Initial Coin Offering (ICO) started on 1st August, with BTCS selling at $1.25 and investors getting a 20% bonus. Barely five weeks after its onset, the ICO had witnessed more than $1.4 million in investments, with notable purchases from crypto whales. The ICO is currently in Phase 6 out of 10, with BTCS priced at $2.75 and investors getting an 8% bonus. BTCS is set to launch at $10 on 30th November, signifying a 393% increase from its current price and an 800% increase from its Phase 1 price.
Bitcoin Spark’s innovative technology, limited supply, low market capitalization, and launch close to the start of the potential bull run could lead to unprecedented price surges, yielding massive profits.
For more information on Bitcoin Spark:
Arkham Intel, a blockchain intelligence platform, has revealed that Coinbase, one of the largest cryptocurrency exchanges in the US, holds a staggering $25 billion worth of Bitcoin reserves. The report highlights the significant role played by Coinbase in the Bitcoin market and the growing demand for cryptocurrencies among institutional investors. The news is likely to encourage greater confidence in cryptocurrency markets and could encourage further institutional investment in Bitcoin. As Bitcoin continues to gain mainstream recognition, the role of secure digital assets, such as those held by Coinbase, is becoming increasingly important.
Crypto Pioneer Arthur Hayes Suggests Massive Chinese Capital Outflows – How is it Benefiting Bitcoin?
Crypto veteran Arthur Hayes has recently shared a thought-provoking perspective on the X platform (formerly Twitter). The former CEO of BitMEX anticipates that billions of dollars could flow from China into Bitcoin amidst the ongoing devaluation of the Chinese yuan.
Arthur Hayes Analyzing China’s Capital Outflows and Its Yuan Devaluation
Hayes, who currently manages a crypto-focused investment fund called Maelstrom, has drawn attention to a potential capital Outflow from China, raising concerns as it worsens pressure on the Chinese yuan (CNY).
Hayes’ analysis spotlights the devaluation of the yuan, which has seen a staggering 15% drop against the U.S. dollar since the beginning of the year. This depreciation has sparked discussions about whether China might consider investing billions in Bitcoin and other assets to hedge against economic instability.
To better understand the potential scale of capital flight, Hayes consulted Chinese researcher Andrew Collie. Collie suggested closely monitoring the gap between China’s international net export earnings and its official foreign reserves.
Meanwhile, data reveals that while China’s foreign reserves have increased by around $32.407 billion this year, total net exports have surged by $553.25 billion, potentially indicating that approximately $520.85 billion has exited China.
Where Could the Money Leaving China Go? And How It Might Impact Bitcoin
Hayes speculates where these capital outflows might be headed, including significant investments in assets like gold, paying off offshore USD debts held by Chinese banks and enterprises, or affluent individuals transferring their wealth abroad in response to economic uncertainties.
Hayes implies that some of these capital outflows could potentially find their way into the cryptocurrency markets, particularly benefiting Bitcoin.
Hayes also highlights the interplay between the weakening Japanese yen (JPY) and the CNY. He suggests that the CNY must continue to depreciate to maintain its competitiveness compared to Japan’s exports.
The allure of exponential returns is arguably the strongest appeal of memecoins. However, this also makes them the most common scam in the crypto landscape, with many rug pulls coming from the memecoin ecosystem. The recent “rug pull” development involving Pepe, a new memecoin launched in the first half of 2023, sent shockwaves through the crypto community. This resulted in a shift and the search for secure altcoins, with QUBE witnessing a massive demand. This article will delve into the aftermath of the Pepe scare and uncover the surge in interest and demand for QUBE. Additionally, the article will explore the appeal of QUBE and why it is a top crypto to buy.
InQubeta (QUBE): The Best Crypto to Buy
The fear and uncertainty within the crypto market have made InQubeta a haven for investors seeking secure, profitable, and innovative projects. Sitting at the intersection between AI and blockchain is InQubeta, a project that aims to disrupt the AI industry. This revolutionary move has triggered massive demand for the token, with investors aiming to come to a project poised for adoption early. As a result, it has cemented its position as one of the best coins to invest in.
As a convergence between AI and blockchain, InQubeta intends to become the first crowdfunding platform for AI startups via cryptocurrency. This gives its utility token, QUBE, real-world applications, making it arguably the best cryptocurrency to buy now. Further, as a pioneering crowdfunding platform for AI startups via cryptocurrency, they can raise funds by minting investment opportunities and tokenizing them as NFTs. These NFTs will be fractionalized and listed on its custom-built marketplace, allowing investors to own stakes in promising AI startups through fractional investment.
In addition to its solid fundamentals and exceptional utility, its significant growth potential influences the massive demand for QUBE. Analysts’ forecast of its growth is 40x before the end of 2023. This makes its current price of $0.0112 at presale stage 3 a low entry point, ranking it among the best cryptos to invest in.
Pepe (PEPE): Fear of “rug pull” sends price plummeting.
Pepe (PEPE) is a meme-inspired token launched on Ethereum in April this year. Its created as a tribute to the internet meme Pepe the Frog. The token aimed to ride the popularity wave of popular memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). While it experienced wild volatility after its launch and registered a significant all-time high, it has since plummeted by over 80% from its peak. Meanwhile, investors might even be at risk of bigger losses in the coming weeks or months.
According to news making the rounds, Pepe faces rug-pulling allegations. Recently, several Pepe developers changed the number of signatures required to move tokens from multi-sig wallets, which enabled them to move about $16 million in tokens. These were sent to crypto exchanges, suggesting an intent to sell. This move has been tagged an impending “rug pull” by a segment of market analysts, thereby raising fear around its viability in the coming months. This has also contributed to its price plummeting, with many seeking to protect their investment. However, some Pepe hopefuls see this as an opportunity to add to their holdings and are purchasing the dip. Nevertheless, the coming months won’t be short of excitement.
Amid the fear of “rug pull” in Pepe, there has been a massive demand for QUBE. This is due to its utility, solid fundamentals, and significant growth potential. In addition, its disruptive nature makes it poised for adoption, making it an excellent crypto.
Every once in a while, a certain event sends shockwaves through the crypto market that’s hard to ignore. This time around, it’s the striking victory of Grayscale against the ever-watchful U.S. Securities and Exchange Commission (SEC). The aftermath? A distinct ripple effect, pun intended, boosting XRP’s price significantly. This sudden surge is more than just numbers; it’s a testament to a market hungry for affirmation and stability.
A Tug-of-War: Grayscale vs. SEC
For those who’ve been ensconced under a rock, Grayscale’s recent tussle with the SEC was a battle of epic proportions. The court’s decision not only shook the foundation of how Bitcoin ETFs are viewed but also rekindled the hope for other cryptocurrencies, primarily XRP.
Grayscale’s win essentially exposed cracks in the SEC’s often criticized approach towards crypto regulation. Once deemed an unyielding giant, the agency might be showing signs of vulnerability. And for anyone with stakes in the game, especially XRP investors, it’s akin to an early Christmas.
While Grayscale’s win is notable, the echoes of the SEC’s prior court rulings still reverberate. Most notably, the intriguing decision that labeled XRP a nonsecurity, a declaration the SEC is currently contesting. But with the regulatory body’s recent setback, it makes one wonder: Is the SEC’s tight grip on crypto regulations loosening? If XRP’s recent bullish trends are any indication, the scales might be tipping away from the regulatory body.
XRP Seizes the Momentum
In the wake of the Grayscale decision, XRP experienced an impressive price acceleration, climbing by over 6%. Not too shabby for a currency that’s had its fair share of roller-coaster moments.
At the time of writing, XRP proudly showcases a price tag of $0.5309, marking an uptick of 3%. But what’s even more commendable is the whopping 104.16% increase in its 24-hour trading volume, which catapulted to $1.56 billion. Talk about making a statement!
In any case, one can’t help but speculate what the future holds for XRP and the wider crypto market. If recent events are any indicator, it seems the reign of the SEC is being fiercely challenged.
The Bitcoin Spark presale has caught the attention of crypto enthusiasts and investors since it started on August 1st. As it progresses, on-chain data reveals a massive inflow of Dogecoin (DOGE) investments.
Will Dogecoin go back up?
There are reasons to believe that Dogecoin (DOGE) could go back up. First, it has an active community of supporters who consistently show their commitment to the coin. Additionally, Dogecoin’s low transaction fees and fast transaction times make it a viable option for everyday transactions, which could lead to increased adoption in a favourable crypto market. Moreover, continued endorsements from celebrities could increase its popularity and, subsequently its value. Nonetheless, for Dogecoin to sustain and amplify this resurgence, it requires significant developments to extend its utility beyond P2P transactions.
Will Dogecoin reach $1?
Despite having the potential to recover, Dogecoin (DOGE) is unlikely to hit the $1 mark. DOGE would require a rally of around 1400% to reach $1, and while it has skyrocketed by much more than this in the past, its now large supply and market cap make such high percentage changes nearly impossible. Additionally, Dogecoin has no maximum supply, and 10,000 new tokens are created every minute. And for it to reach $1, demand has to rise faster than supply. However, this seems highly unlikely with no reason to own Dogecoin besides the hope that its price will quickly surge.
What is Bitcoin Spark, and why is its presale gaining traction?
Bitcoin Spark has been revered by the crypto community because of its ability to build on the vision of Satoshi Nakamoto. It has similarities with Bitcoin (BTC), such as a maximum supply of 21 million, but with notable improvements to boost efficiency, scalability, and real-world applicability.
The network will achieve fast transaction speeds while maintaining low transaction costs due to various technical upgrades, including having a reduced block time and a massive number of nodes. Bitcoin Spark will also allow for smart contract development. It will integrate a smart contact layer with separate execution systems that all reach finality on the main network. This design allows for multiple programming languages to be used, encouraging diversity of developers, smart contract styles, and decentralized applications on Bitcoin Spark.
Bitcoin Spark will use a novel consensus mechanism known as Proof-of-Process (PoP). This innovative technology rewards users for confirming blocks and contributing processing power to the network. It’s combined with an algorithm that exponentially decreases rewards per additional power to ensure no one can capture network control. The network’s proprietary application will enable users to participate in network validation by permitting access to their device’s processing unit. The app will be safe, lightweight, and compatible with any Windows, Linux, Mac OS, iOS, and Android device, allowing virtually anyone with a smart device to participate in network validation.
The validators’ processing power will be rented out to trusted businesses and individuals through the Bitcoin Spark network. Those using the network for remote computing will be required to pay with BTCS, which will be distributed to the network validators, providing additional rewards to BTCS minting and transaction fees.
Additionally, the Bitcoin Spark website and application will have small, unobtrusive space for advertisements. Anyone holding BTCS will have an opportunity to vote out an ad that doesn’t fit the community’s criteria and will get incentives for properly doing so. Network participants will also receive 50% of the revenue generated from the ads.
The ability for unlimited devices to provide processing power to the network, coupled with the rising marketing industry, could see members of the Bitcoin Spark community benefit greatly and consistently.
The Bitcoin Spark presale is gaining traction because it offers a chance to get in on the ground floor of this innovative project. The ICO has even been hailed as a great opportunity for those who missed out on BTC. It also comes with various advantages. Investors get BTCS at a discounted price, currently at $2.00, in addition to bonuses (now at 12%). And with BTCS set to launch at $10.00, Phase 3 investors will have attained a 560% profit.
For more information on Bitcoin Spark:
In the turbulent waters of the cryptocurrency sea, having a guiding compass can be a game-changer. Cryptocurrency expert and influencer, Ben Armstrong, recently highlighted three coins he believes are primed for significant growth. Should the altcoin market take a nosedive, these are the crypto gems Armstrong suggests you turn your attention to.
Riding the XRP Wave
XRP has been making waves in the crypto community, not least because of its recent price fluctuations. While it experienced a rise, doubling in value, it subsequently faced a 50% decline, landing it around the $0.50 mark.
Many are speculating that should XRP’s value slide down to the $0.30 range, it would be an opportune moment to invest. Ben says that the aftermath of its lawsuit has largely settled, and as the next bull cycle approaches, having XRP as a primary asset in one’s portfolio might prove lucrative.
Chainlink: The Silent Connector
While much of the crypto community’s focus has been on Layer 2 solutions like Polygon and Arbitrum, Ben says Chainlink quietly carves its niche. Think of it as the bridge between the virtual world of blockchain and the tangible real world.
Chainlink’s oracles act as connectors, pulling data from the real world and integrating it into the blockchain. Despite its understated performance in the recent bull market, Chainlink, with its vast partnerships and strong community backing, remains the undisputed leader in the Oracle arena.
Ben believes the crypto will increase significantly during the next bull run.
The Dogecoin Surprise
Turning heads and raising eyebrows, Dogecoin’s endorsement comes from its potential integration into what many are dubbing the “Everything app” – a platform previously known as Twitter.
The brainchild of Elon Musk, this app could revolutionize microblogging by introducing an in-app economy, says Ben. While Bitcoin and Ethereum are expected mainstays, Dogecoin, with its anticipated integration into this platform, might just become the dark horse that astounds us all.
Everlodge (ELDG) has showcased a solid display of market potential, where its beta stage sold out quickly. The unexpected level of attention has appealed to traders and investors. However, other established projects like Arbitrum (ARB) and Stellar (XLM) are also projected to grow, and today, we will see what kind of forecast each altcoin has.
- Arbitrum to reach $1.46 by the end of the year
- Stellar is expected to climb to $0.17
- Every lodge to spike in value by 4,000%
Join the Everlodge presale and win a luxury holiday to the Maldives
Arbitrum (ARB) Price Prediction
The Arbitrum (ARB) crypto’s price increased in April but dropped to $0.9 in the third quarter. Even though the Arbitrum crypto attempted to go up, it did not see much success. Yet analysts are optimistic about the future Arbitrum price outlook.
If the price stays higher than the moving averages for 7 and 14 days, it could keep heading up and reach $1.28 in the upcoming days.
The RSI index also suggests an upswing in value, as it exceeds the 50 level. With this in mind, however, according to the Arbitrum price prediction, it can reach $1.46 by the end of the year.
Stellar (XLM) Future Outlook
As for the Stellar (XLM) cryptocurrency, its price has steadily increased since August 17, creating a support area at the $0.1 price range. The price is trading at a confluence of a diagonal and horizontal level of resistance at $0.13.
If the Stellar crypto manages to see a successful breakout, it will indicate a bullish trend is coming. Analysts say the Stellar crypto can lead to a 30% increase in the upcoming months. However, if the Stellar price faces a rejection, it could drop to $0.1.05 again.
Moreover, the daily timeframe analysis presents an uncertain perspective for the Stellar price movement. Despite its recent rebound, it could surpass its descending resistance line soon. According to the Stellar price prediction, analysts believe it will climb to $0.17 by the end of the year.
Everlodge (ELDG) to Surge In Value
Aside from Arbitrum and Stellar, Everlodge has also gained high attention. The platform is now revolutionizing the property investment domain by making luxury real estate attainable for just about anyone.
For example, most luxury properties can range from $1 million to $10 million, especially in locations such as New York. However, through the power of Everlodge’s ecosystem, they can become accessible for as low as $100.
Through blockchain technology, Everlodge enables the creation of NFTs, which are fractionalized. As a result, people can buy a fraction of the property they are interested in. Moreover, by merging the benefits of NFTs with timeshare values, the platform can offer a robust and inclusive model for any enthusiast.
There’s also a dedicated Rewards Club, where members can get free stays across various upscale properties. These can also be resold, assuming the investors do not plan on using them for themselves.
ELDG is the native token behind the platform. Its holders can stake it and get passive income. Moreover, the Stage 1 presale value for the token is $0.012. It’s predicted to surge by 33% at Stage 2, to $0.016, and by 4,000% at launch.
Find out more about the Everlodge (ELDG) Presale
The world of cryptocurrency investments is constantly evolving, and with each passing day, new opportunities emerge that have the potential to reshape the landscape. As some well-known tokens like Cardano (ADA) and Polkadot (DOT) face challenges and fluctuations, a promising star is rising in the form of Borroe ($ROE).
Institutional investors, renowned for their foresight and strategic vision, are now focusing on this game-changing platform. Let’s explore why Borroe is poised to outpace its competitors and garner great interest from these professional investors.
Borroe: A Platform with a Vision
At the heart of Borroe is a grand vision. The platform integrates cutting-edge technologies and innovative solutions to redefine fundraising and investment opportunities. Its AI-powered risk assessment ensures a secure participant environment, inspiring confidence among investors seeking a safe haven for their capital.
Unlike traditional fundraising methods, Borroe introduces future recurring revenue NFTs, empowering buyers to directly trade and sell with each other on secondary markets, fostering a truly decentralized and peer-to-peer ecosystem.
With streamlined payment solutions and a focus on user-friendly experiences, Borroe sets the stage for a new era in cryptocurrency investments, enticing institutional investors with its potential for significant returns and sustainable growth.
Borroe’s Competitive Edge
As institutional investors seek out the best crypto to buy today for long-term gains, Borroe stands out as a compelling choice for several reasons:
1. Robust Governance with $ROE Tokens: The platform’s governance token, $ROE, grants holders a prominent role in shaping the future of Borroe. This powerful feature allows institutional investors to participate in vital decision-making processes actively and influence the direction of the platform, making $ROE tokens a valuable asset for strategic-minded investors.
2. Premium Features and Priority Support: $ROE token holders enjoy exclusive access to premium features, such as advanced analytics and priority customer support. For institutional investors who value efficiency and prefer a competitive edge, this premium offering can be a significant attraction.
3. Secure and Audited: Top smart contract auditing platform Block Audit has meticulously audited the $ROE token, instilling confidence in institutional investors who prioritize safety and reliability.
4. Incentives for Growth: Borroe incentivizes growth through various reward mechanisms, including invoice buying, selling, and repayment rewards, further enticing institutional investors looking for long-term opportunities.
Institutional Investors’ Interest Soars
The increasing interest of institutional investors in Borroe is a testament to the platform’s potential to revolutionize the crypto investment landscape. With Cardano (ADA) and Polkadot (DOT) facing uncertainties, these seasoned investors seek the next ample opportunity for substantial profits. Borroe’s unique approach and the promise of a peer-to-peer ecosystem have garnered significant attention, leading to an influx of institutional investments.
Join the Future: Borroe’s Unmissable Opportunity
As Borroe ($ROE) continues to attract institutional investors, now is the time for individual investors to join this exciting journey. Don’t miss out on the chance to be part of a revolutionary platform set to outpace its competitors and redefine the rules of cryptocurrency investments.
Embrace Borroe today and position yourself for unparalleled growth and prosperity as the new era of decentralized finance dawns upon us all!
Explore the Borroe ($ROE) Presale:
Borroe’s ($ROE) Innovative Web3 Token Gains Massive Momentum While Conflux (CFX) and Helium (HNT) Stumble
Major crypto experts suggest the revolutionary Web3 token Borroe ($ROE) as an excellent alternative to Conflux’ (CFX) and Helium’s (HNT) bearish trends. The broader community has already recognized this hidden gem’s potential to transform the Web3 community. Many investors have decided to utilize Borroe’s ($ROE) fantastic real-world utility and scalability solutions while the token is still at the Beta Stage of the public presale.
Conflux (CFX) Is Predicted to Drop Below $0.15
Conflux (CFX) is currently priced at $0.18, dipping by 0.59% in the last two days. Bears believe that it could soon drop below the $0.15 range due to increased selling pressure and the negative implications of Conflux’ (CFX) connection to Binance.
On the other hand, Conflux (CFX) bulls are confident that the token will surpass the $0.20 threshold by the end of July and soon revert to its earlier figures above the $0.25 level. This positive view is based on Conflux’ (CFX) recent partnership with China Telecom and the launch of the convenient blockchain SIM card BSIM.
Furthermore, experts believe that Conflux (CFX) will manage to attract new investors with its planned Uniswap V3 integration. This development will enhance Conflux’ liquidity and enable users in the Asian markets to access decentralized finance (DeFi) platforms.
Helium (HNT) Unable to Reach $1.60
Helium (HNT) is currently trading for $1.49, decreasing by 3.84% in the last seven days. Helium (HNT) bears underline the token’s inability to consolidate above the $1.60 range as a clear indication that its holders will remain disappointed in the following term.
More precisely, Helium is predicted to drop below the $1.30 threshold by the end of the month. Bears believe its investors will continue switching to newer platforms with better short-term rewards.
However, Helium bulls expect significant rallies enabled by its recent upgrade to the Solana blockchain. Experts believe that Helium’s integration of the Solana token has led to considerable improvements in terms of utility. Thus, some analysts predicted it could soon trade above the $1.70 level.
Borroe ($ROE) Brings 300% Gains By the End of the Presale
Borroe ($ROE) is a cutting-edge AI-powered funding marketplace that empowers content creators and Web3 participants to receive upfront funds from future recurring revenues. Furthermore, Borroe ($ROE) enables businesses in the Web3 community to generate instant cash flow by minting NFT representations of future and outstanding voices that are subsequently sold at reduced prices in the Borroe ($ROE) marketplace.
The deflationary Borroe ($ROE) token will be built on the Ethereum sidechain Polygon and grant several unique benefits such as repayment rewards, invoice buying, and discounted transaction fees. Experts believe that this powerful hidden gem will soon manage to outperform competitors like Conflux (CFX) and Helium (HNT) due to its innovative features and enormous growth potential.
Therefore, now is the best moment to invest in Borroe ($ROE), while the token is available at an extremely convenient price of $0.010. Early Borroe ($ROE) holders are set to receive up to 300% gains when the token attains the $0.040 presale target and countless more rewards when Borroe ($ROE) hits crypto exchanges.
Explore the Borroe ($ROE) Presale:
A compelling financial forecast is emerging from the lips of one of the leading economic scholars of our time, Todd Horowitz. The market analyst casts an ominous shadow over the global economy’s future. He predicts an imminent, significant market downturn, yet there’s a silver lining.
A Looming Financial Tempest
Horowitz’s prediction isn’t a tale of doom for everyone. While the majority of the market may be bracing for a tempestuous downfall, his expert analysis suggests opportunities in the brewing storm. This well-respected market pundit expects an economic tremor that could shake many investments to their core.
Despite the predicted economic turbulence, Horowitz is far from despairing. He points to specific sectors as potential shelters in the storm. With deft precision, he identifies areas that are likely to experience an upswing in value. Although the broader market may suffer, these highlighted assets will contradict the trend and stand resilient.
According to Horowitz, commodities will take center stage in the coming market scenario. He singles out metals, certain energy resources, and a selection of agricultural products as probable success stories in the economic maelstrom. Interestingly, Horowitz argues that these assets, typically considered safe havens, will not just weather the storm, but soar sky-high.
How About Crypto?
A modern asset class that Horowitz insists on keeping an eye on is cryptocurrency. He has a particularly favorable outlook for Bitcoin, dubbing it the ‘Digital Gold.’ He reasons that it could maintain its upward trajectory amidst the general market plunge due to its decentralized nature and scarcity.
At the time of writing this article, the crypto market is looking a bit gloomy, with leading cryptocurrencies being in the red on their daily charts. Bitcoin, Ethereum, XRP, Cardano, and Solana have all seen a decrease of less than 1% in the past twenty-four hours.
In order to navigate the upcoming economic storm, Horowitz suggests caution when making investment decisions. In his words, every storm has a silver lining. It’s all about identifying it and acting prudently.
The high-ranking Solana (SOL) has recently made headlines as its trading volume gains massive traction. This achievement marks a significant turning point for Solana, proving its position as a formidable investment prospect in the crypto industry. Conversely, DigiToads (TOADS), a revolutionary meme coin, is gaining immense traction, evident from the daily increase in yield and influx of investors participating in its live presale.
DigiToads is recommended to every investor, including gamers, traders, and NFT collectors, as one of the best cryptos to buy now. It presents a profitable NFT marketplace for NFT collectors and a series of trading contests. DigiToads also offers a prosperous presale with market-friendly prices, making this a great time to invest in the TOADS coin.
Let’s explore how Solana’s and DigiToads’ trading volumes gain massive traction and why this is a great time to invest in TOADS.
DigiToads (TOADS): Revolutionizing Gaming, NFT Collection, and Trading
The DigiToads ecosystem has experienced the growth of the TOADS meme coin as a prominent cryptocurrency in the DeFi market. Its exceptional features and successful presale have contributed to its mass adoption and increased trading volume. In the ongoing presale LilyPad 9 stage, over 364 million TOADS tokens have been sold, generating revenue surpassing $6.2 million. Currently valued at $0.047 per coin, TOADS offers investors a potential return on investment of 370%.
DigiToads has the best DeFi gaming space and highlights an outstanding Web3 game. In the game, TOADS token holders can actively engage in tournaments and competitions against each other. The TOADS tokens serve as currencies to purchase distinctive DigiToads characters, access exclusive gaming content, and acquire better abilities. Players receive TOADS coins as incentives for achieving top positions on leaderboards, winning competitions, and accomplishing milestones. DigiToads’ commendable reward strategy makes it one of the best cryptos to buy now.
DigiToads prioritizes community involvement in its NFT marketplace. The marketplace’s success, contributing to DigiToads’ surge in trading volume, is attributed to its impressive collection of unique NFTs. Within the DigiToads NFT marketplace, TOADS coin holders can access a variety of NFTs. During the ongoing presale, DigiToads has introduced 3500 NFTs available for minting. Owners of these NFTs can capitalize on their assets’ value by selling, trading, or holding them, creating opportunities for income generation.
Another notable reason now is the best time to invest in DigiToads is that it hosts a monthly series of trading contests. The contests offer 12 Platinum Toads—one for each month—as exclusive rewards. Owning a Platinum Toad grants the holder the responsibility of overseeing a portion of the DigiToads’ Treasury. The most skilled traders within the DigiToads community are entrusted with this role. The 12 Platinum Toad holders can receive a 10% share of any trading profits they generate for the Treasury. This strategic initiative fosters the best DeFi trading environment where traders are rewarded for their expertise.
Solana (SOL): Empowering High-Speed Transactions and Efficiently Executing Smart Contracts
Solana is a blockchain platform often referred to as the “Ethereum killer” because of its capability to serve as a capable alternative to Ethereum (ETH). The trading volume of Solana’s native SOL token has recently experienced significant development thanks to its innovative technology, scalability, and cost-efficiency. The platform’s ability to handle many transactions per second (TPS) has made it particularly attractive for traders involved in high-demand activities such as NFT trading.
With its fast transaction confirmation times and minimal network congestion, Solana offers a smooth trading experience, appealing to traders seeking quick and reliable execution. Solana’s compatibility with smart contracts has also propelled its trading volume to gain massive traction. SOL has become a preferred choice for developers and projects aiming to build decentralized applications (DApps) and facilitate seamless trading experiences.
Solana’s trading volume has gained massive traction due to its exceptional technological features and growing adoption within the DeFi market. On the other hand, DigiToads is experiencing a noteworthy surge in trading volume as it thrives in gaming, NFT, and trading niches. Now is an excellent time for intending investors to get involved with the TOADS coin to multiply their investments by 370%, play an immersive game, access a remarkable NFT marketplace, join trading contests, and stand a chance to win special Platinum Toads.
In a recent courtroom triumph, Ripple, the prominent blockchain payment company, achieved a significant win in its ongoing legal dispute with the Securities and Exchange Commission (SEC). This ruling carries substantial implications for other cryptocurrency firms currently embroiled in SEC litigation, potentially heralding a transformation of the regulatory landscape within the industry.
SEC is On a Rampage!
Throughout this year, the SEC has been zeroing in on major exchange platforms such as Coinbase, Binance, and Bittrex, leveling allegations of operating unregistered trading platforms that list unregistered securities. Notable tokens such as Cardano (ADA), Solana (SOL), Polygon (MATIC), and Filecoin (FIL) have been among the SEC’s targets.
Ripple’s recent victory in the U.S. District Court for the Southern District of New York, which determined that specific sales and distributions of XRP tokens did not qualify as investment contracts, may provide ammunition to other defendants in similar SEC cases.
How Are the Markets Reacting?
Following this news, the XRP price soared by a staggering 96% on Thursday, while others faced a critical turning point. However, legal experts have responded to the ruling with caution, highlighting the uncertainty regarding its long-term implications. While it offers a glimmer of hope for the crypto industry, concerns persist about the ruling’s stability and its potential impact on the SEC’s regulatory stance.
Legal professionals predict that the SEC will focus on the aspects of the ruling that align with their views, reasserting their belief that most coins and tokens should be classified as securities.
Good Times Again!
Despite mixed reactions, Ripple and its supporters celebrated the ruling as a significant triumph for the entire crypto industry. Ripple’s CEO, Brad Garlinghouse, took to Twitter, expressing the company’s conviction that they were “on the right side of the law and will be on the right side of history.” This announcement triggered a surge in the price of the XRP token, underscoring the market’s positive response to the ruling.
But Wait… Don’t Celebrate Just Yet!
That being said, the implications of the ruling are complex. While it challenges the SEC’s jurisdiction over the crypto market, its impact may be limited to cases involving secondary market activity. The ruling’s recognition of institutional sales of XRP as investment contracts aligns with SEC Chair Gary Gensler’s stance that most initial coin offerings (ICOs) should be classified as securities. This development raises questions about the distribution models that crypto firms may need to adopt in the future to evade regulatory scrutiny.
Complete Clarity is a Mirage for Now
Importantly, the case is not yet fully resolved, as the SEC has the option to appeal the decision. Certain aspects, including institutional sales of XRP, will proceed to trial. The outcome of any potential appeal or subsequent trial will play a crucial role in shaping the relationship between regulators and digital assets.
While Ripple’s partial victory against the SEC brings hope for crypto firms, it falls short of providing definitive regulatory clarity for the industry. As the legal battles rage on, the crypto community eagerly awaits further developments that could have far-reaching implications for the future of digital assets.
XRP prices experienced significant volatility in the past 24 hours following a noteworthy court ruling. XRP short traders recorded the highest losses of the year as a result. According to data from Coinglass, XRP-tracked futures traders incurred approximately $58 million in losses after a U.S. judge concluded that the sale of XRP tokens on exchanges did not constitute investment contracts.
Among the losses, approximately $33 million came from short positions, representing bets against price increases, while the remaining losses were associated with long positions. Traders on the crypto exchange Bybit witnessed the highest amount of liquidations, totaling $21 million, followed by OKX and Binance, with liquidations of $14 million each.
Liquidation occurs when an exchange forcibly closes a trader’s leveraged position due to either a partial or total loss of the initial margin. This action takes place when a trader fails to meet the margin requirements for a leveraged position or lacks sufficient funds to maintain the trade.
Significant liquidations can sometimes indicate a local high or low in the price movement, allowing traders to adjust their positions accordingly.
XRP price soared by 70% following the positive outcome
The court ruling had an impact beyond XRP, causing altcoins like Solana (SOL) and Cardano (ADA) to experience price jumps. Traders likely interpreted XRP’s partial victory as a favorable outcome for the broader crypto market, particularly as the U.S. Securities and Exchange Commission has been investigating allegations of token issuers offering securities to U.S. investors in recent months.
The big win for Ripple also had a positive impact on the whole cryptocurrency market. According to CoinMarketCap data, the global crypto market cap has also spiked by 6.32% in the last 24 hours.
In his latest video analysis, esteemed cryptocurrency analyst Ivan on Tech explored the prospects of the emergent altcoin cycle and delved into the potential risks and gains that this new phase could bring.
Altcoin Cycle Awakening: Risk vs. Gain
Ivan highlighted that while many investors are still inactive, a discernible shift is taking place in the altcoin market. He emphasized that even though taking positions doesn’t necessarily mean going all in, dramatic pullbacks or substantial dumps are still likely to occur.
A short-term bullish trend followed by a decline is within the realm of possibility, yet he insists, echoing Chris Brunski’s prediction, that a 20-40% decline in quality crypto assets might be the final chance before the actual altcoin party kicks off by next year into 2025.
However, the expert cautions that the price from which the decline starts is an important consideration, whether it’s from current prices or a potential peak, or any other level.
Crypto Volatility: A Tale of Rising and Falling
Ivan predicts the market will continue to show high volatility, with the potential for substantial gains and losses. Ivan gives an example scenario in which Bitcoin breaks out from a current price of $30,494, pumps to around $44,000, and then drops back to retest.
This, he suggests, could qualify for the expected 25-30% fall, depending on where it halts. In this scenario, Bitcoin might be the first to move, followed by altcoins moving in larger waves.
The Federal Reserve’s Role: A Balancing Act
Addressing the elephant in the room, Ivan talks about the crucial role of the Federal Reserve, particularly concerning the US debt and its interest payments, which have nearly doubled in the past few years from 500 billion to 1 trillion per year.
He asserts that the Fed will likely start printing money again to keep the government afloat. This move, while aimed at rescuing the economy, will also indirectly aid our market, according to Ivan.
While remaining broadly optimistic, Ivan also shared some concerns about Binance, including potential issues with Bitcoin Cash withdrawals. However, he also commended Binance for handling recent criticisms well and continuing to operate as usual.
The post XRP Price On Verge Massive Breakout Hitting $0.6 Level appeared first on Coinpedia Fintech News
The XRP market is on the cusp of major volatility ahead of an expected ruling of the SEC vs Ripple lawsuit. Having experienced diminishing returns in recent months after posting significant gains during the first quarter of 2023, experts believe a breakout to the upside is imminent. The scale of the XRP price rally will significantly depend upon fundamental factors coupled with crazy speculation. Furthermore, the XRP price has approached the final edges of macro and micro triangle formations.
XRP Price Bullish Outlook
According to a popular crypto analyst based in the United States Ali (Twitter: @ali_charts), the XRP market has presented a buy signal with respect to the 3-day chart. However, the analyst noted that the XRP price must hold above 45 cents in order to secure an upward movement toward 51 cents. If the first phase of XRP’s bullish stance materializes in the near term, the analyst highlighted that a surge toward 60 cents will be a matter of a simple breakout.
The XRP daily market has experienced significant resistance around 54 cents since May last year. Notably, the same level acted as a support level during the 2021 crypto bull market. Currently, the XRP weekly market is under pressure from a death cross between the 50 and 200 Moving Average (MA), which could result in a capitulation below the major support level of around 30 cents. The breakout is ultimately dependent on the SEC vs Ripple ruling, which is expected to take place anytime.
The massive adoption of a token depends on its utility and ability to solve a particular problem in the crypto market. Tokens like Render (RNDR) have gained success due to this.
However, a new token, Uwerx, has also ticked this box and is poised for widespread adoption upon launch. While Render’s (RNDR) utility is confined to its ecosystem, Uwerx’s is more and will disrupt the gig economy.
Read on to learn more about Uwerx’s utility, the presale, and what analysts say about Tron (TRX).
Uwerx (WERX) is Disrupting The Freelancing Industry
Uwerx will be a revolutionary freelancing platform bringing decentralization and a 1% flat fee, unlike the 10 or 20% charged by Upwork and Fiverr.
Uwerx recently launched the Alpha version of its platform, starting with the Landing and Sign-Up pages. The other platform features like the Log-In/Sign-In page, Forgot Password, Freelancer or Client Initiation, Initial Step of Job Creation and Finding Talent, My Activity Page, Hiring Dashboard page, and Job Creation Process Page have now been released. Also, more features will be released this week.
Also, it will transition to the Beta version, where users can test the platform themselves.
Uwerx also released the Uwerx Vault, promoting its sustainability, user engagement, and rewards.
Uwerx’s surging presale led to a revision in its token allocations. The presale token allocation was increased to 427,500,000 (57%) of the total 750,000,000 WERX supply. Uwerx is in stage 5 presale, where 72,500,000 WERX is available.
The Uwerx team has renounced smart contract ownership and has started a 25-year liquidity lock-up on developers’ tokens to assure users of their transparency. 82.8% of its community voted for them to start now, and the date will be released soon.
To further ensure users are profiting, they reduced their token allocation to 7%. The team will conduct a Test Airdrop to ensure users receiving wallet addresses are correctly entered. 98.2% of the token holders voted for this. They have created an email, [email protected], for users to send their opinions and feedback.
Render (RNDR) Is Revolutionizing The 3D Industry
Render (RNDR) is leveraging blockchain to enable users to easily pay and gain access to motion graphics, animations, and other services in the 3D space. These payments are made easily using the RNDR token, and users are rewarded with the RNDR token too.
Analysts say Render (RNDR) has tons of potential and will continue to soar in the foreseeable future. In January, a vote was passed to propose a new burnt-and-mint (BME) model, followed by another proposing a new tokenomics model for Render (RNDR) I’m February.
The BME model will allow artists to burn some RNDR tokens in exchange for non-fungible tokens (NFTs). These are some ways Render (RNDR) is increasing its token’s value, and price predictions reveal RNDR’s price might reach $4 by 2024.
Tron (TRX) Is Running With The Bulls
Tron (TRX) is aiming to build a decentralized Internet. Recent reports show Tron (TRX) has been performing excellently in the past few weeks, with its price surging by over 7%.
As Tron (TRX) continues to rally, analysts believe its price might reach $0.09, achieving its all-time high since the year started.
Tron (TRX) recently partnered with Nansen, a leading blockchain data provider, to make Tron (TRX) a global community for everyday commerce. They will leverage over 500 TB of blockchains and 250 million addresses across 16 blockchains, representing over 80% of all on-chain volume.
Although Tron (TRX) and Render (RNDR) are good tokens, Uwerx is excellent. With its utility-driven token consistently pumping, analysts believe Uwerx will hit the $3 cap by Q1 of 2024.
Do not hesitate! Join the presale now for a 15% bonus, as the presale ends on July 31, 2023. To learn more about Uwerx and the presale, click the links below:
Bitcoin has continued to hover around $30,600 since the early trading hours, with reduced volume and volatility. Some see this as a massive buying opportunity as the BTC price is accumulating strength to trigger a massive upswing, but in the longer time frame, the price may be subjected to a huge downfall. According to a popular analyst, Tolberti, the BTC price may drop back to close to $27,000 soon.
In the short term, the price has formed a bullish pattern and is trading within a bull flag; hence, an interim breakout may be possible. The upswing may raise the levels above $31,000 and is also believed to rise above $32,000 and mark new 2023 highs around $32,300 before triggering a massive plunge. The analyst believes the price is set to drop from these levels and reach below $27,000.
The price of Bitcoin recently surged above the falling wedge pattern with a very strong impulse wave. As their is an unfilled FV Gap on a previous breakout point, and the price tends to go back and retest it. In the present case, the breakout from the falling wedge is believed to undergo a retest at the trendline or retest the breakout point of the wedge to fill the gap. In short, a 0.618 FIB retracement of the impulse wave may be happening ahead.
Besides, from the Elliott wave perspective, the price has completed the impulse wave that may head towards a retracement. Moreover, the analyst believes that the price may begin to drop in the coming week and prevail until it reaches the lower support.
In the dynamic world of cryptocurrencies, where investors struggle with unfavourable market conditions, deciding what crypto to buy could be overwhelming. Most times, investors could experience a decline in the value of their crypto assets, just like Cosmos (ATOM). Amidst the reduction of ATOM’s price, DigiToads (TOADS) emerges as a source of excitement and opportunity, going above typical meme coins.
DigiToads stands out by blending the light-hearted nature of memes with a clear purpose. It offers a range of practical applications beyond speculative trading, captivating the interest of enthusiasts everywhere. It seamlessly integrates into the Web3 ecosystem, providing enticing opportunities such as play-to-earn (P2E) experiences, innovative deflationary token mechanisms, and a thriving space for non-fungible tokens (NFTs).
In this article, we’ll explore DigiToads and its success in the crypto space and consider Cosmos as it witnesses a price fall.
DigiToads (TOADS) Overwhelms Investors With a Variety Of Investment Options
DigiToads is a decentralized meme token powered by the Ethereum blockchain that offers exceptional investment opportunities to crypto lovers. DigiToads aims to create a new perception of meme coins by employing the power of Web3 features to thrill investors with massive returns. Users of the TOADS token can earn substantial income by participating in any of the DigiToads opportunities.
The DigiToads game structure allowed players to purchase, win, or trade their unique DigiToads. Players who make it to the top 25% of the leaderboard at the end of the gaming season are selected and awarded TOADS tokens. Each gaming season is designed to last for a month, and players can purchase food or training equipment to boost the strength of their DigiToads. Investors taking advantage of this opportunity perceive DigiToads as the best new crypto to invest in, as it combines an entertaining ecosystem with the potential to generate income for individuals.
Investors who enjoy crypto trading could likewise seize the opportunity of the TOADS trading competition to earn passive income. The TOADS trading competition is designed to build trading ability among investors and also offer lucrative benefits in return. Investors seeking what crypto to buy for trading could see DigiToads as one of the best options, providing traders with exceptional opportunities to earn consistently. In the DigiToads ecosystem, traders can compete among themselves for a Platinum TOADS Treasury. The player who emerges as the competition winner is granted access to 10% of the treasury profits. The winner of each competition season can win only one of the 12 Platinum TOADS.
Combining the deflationary nature of the DigiToads token with its staking pool option makes TOADS even more appealing for investors seeking residual income. Investors who acquire the cool NFTs offered by DigiToads can participate in the reward pool and generate earnings by staking their NFTs, thanks to the deflationary mechanism that propels the value of TOADS to unprecedented levels through scarcity. This is an incredible opportunity for investors to multiply their investment horizon.
DigiToads has been rocking it in the presale game thanks to the solid confidence and trust they have built. Plus, they got an epic 100% satisfactory audit-proof by Consult, making investors feel safe and secure. That is why the presale is seeing some sweet, consistent growth. The platform has achieved an impressive milestone in its presale season, selling over 354 million TOADS tokens as it approaches its final stage. Combining the DigiToads cool NFTs and the TOADS token gives investors mouthwatering investment opportunities.
Cosmos (ATOM) Designed To Boost Blockchain Connection
Cosmos is a cryptocurrency and decentralized blockchain platform that facilitates interoperability between different blockchain networks. Launched in 2019, Cosmos aims to address the issue of blockchain fragmentation by enabling various blockchains to communicate and exchange data seamlessly. ATOM employs the Inter-Blockchain Communication (IBC) protocol at its core, which allows for secure and trustless communication between blockchains within its ecosystem.
The ATOM price fall has triggered the attention of many investors within the cryptocurrency community, who seek to understand the factors behind the drop and its potential implications. The decline in ATOM’s price can be attributed to various factors. Market conditions, investor sentiment, and broader trends within the cryptocurrency landscape all play a role in shaping the value of digital assets.
Despite Cosmos having established a strong reputation for its groundbreaking blockchain technology and ecosystem, its price has recently experienced a decline due to the impact of the US Securities and Exchange Commission (SEC) lawsuit against Binance Exchange.
Amid Cosmos’ price decline, DigiToads has emerged as a captivating and promising alternative for investors seeking new opportunities within the cryptocurrency market. DigiToads continues to make a significant impact with its distinctive combination of meme-inspired charm and practical use cases. For individuals interested in delving into the realm of Web3, DigiToads could be the best new crypto to invest in, as it offers a diverse array of use cases. Seize the opportunity and participate in the DigiToads presale alongside other enthusiasts to maximize your potential gains.
In a move that has sent shockwaves through the global cryptocurrency market, the United States Securities and Exchange Commission (SEC) has rejected multiple applications for spot Bitcoin Exchange-Traded Funds (ETFs). The SEC cited the lack of clarity and comprehensiveness in the submitted documents as the primary reason for the rejection. This decision has led to a significant crash in the crypto market, with investors worldwide feeling the impact.
The Filing Of Spot Bitcoin ETFs Was Insufficient
Despite numerous notable applications, the US Securities and Exchange Commission (SEC) has declared recent spot Bitcoin ETF submissions as insufficient. This announcement comes in the wake of asset management powerhouses BlackRock and Fidelity filing their own proposals for spot Bitcoin exchange-traded funds.
The Wall Street Journal has reported that the SEC has communicated its views on the recent filings to Nasdaq and Cboe. The agency specifically highlighted that the applications lacked the necessary clarity and comprehensiveness, according to the report.
The SEC’s decision comes at a time when the crypto industry has been eagerly awaiting regulatory approval for Bitcoin ETFs. These financial products would allow investors to gain exposure to Bitcoin without actually owning the underlying asset, thereby simplifying the investment process and potentially bringing a wave of institutional money into the market.
In recent weeks, the digital asset sector has been taken aback by a flurry of spot Bitcoin ETF applications, notably from two titans of conventional finance, BlackRock and Fidelity. These firms, among the world’s largest asset management entities, are vying for a foothold in the industry.
However, a recent report indicates that their entry into the sector may not be a foregone conclusion. The Wall Street Journal, citing sources privy to the ongoing processes, reported that the SEC has deemed the recent spot Bitcoin ETF filings as insufficient.
Crypto Market Crashes Heavily
The SEC has a history of rejecting similar applications since 2017, often citing concerns about potential market manipulation and fraud as the reasons for their decisions. This recent development seems to contradict earlier analyses that suggested BlackRock had a 50% chance of getting their application approved.
The report further highlighted that the filings lacked sufficient details concerning the “surveillance-sharing agreements,” including the specific spot bitcoin exchange to be used. The asset managers have the option to revise and resubmit their applications, and according to the WSJ, the CBOE has expressed its intention to do just that.
In response to the news, the crypto market experienced a swift downturn within half an hour. Bitcoin (BTC) took a plunge of over 4%, dropping below the $30,000 mark, while Ethereum (ETH) fell by more than 4.5%. Bitcoin Cash (BCH) which had seen significant gains earlier in the day, experienced a decline of over 10%.
According to data from Coinglass, the total liquidation across the network surpassed $87 million within the hour, underscoring the immediate impact of the SEC’s decision on the crypto market.
Inmortal, a prominent crypto analyst, has expressed a bullish sentiment towards Ethereum (ETH), emphasizing its potential for significant growth. Drawing a comparison to Bitcoin’s past performance, Inmortal suggests that Ethereum’s current price of $2,000 holds similar structural strength to Bitcoin when it was valued at $6,000 in 2019. Furthermore, the analyst highlights Ethereum’s consistent formation of higher lows since the summer of 2022, adding to the positive outlook.
Ethereum’s Bullish Structure
Inmortal’s analysis brings attention to the bullish structure of Ethereum. The current price of $2,000 is seen as a reflection of Bitcoin’s historical price volatility, indicating its potential for rapid expansion. The analyst notes that Ethereum has been forming macro-scale higher lows since mid-2022, further supporting the optimistic view.
As of now, Ethereum is trading at $1,831, experiencing a 2.75% decline in the past 24 hours. It is essential to consider that Ethereum’s price movement, like any other cryptocurrency, is subject to market fluctuations. However, Inmortal’s analysis focuses on the long-term potential of the asset rather than short-term volatility.
Bullish Outlook for the Crypto Market
In addition to Ethereum, Inmortal expresses optimism for the overall crypto market in the coming year. The analyst believes that prices across the market will experience significant appreciation over time. Taking a long-term perspective, Inmortal recommends investors focus on accumulating assets rather than closely monitoring short-term price fluctuations. According to the analysis, Bitcoin (BTC) has the potential to reach $35,000, even though its current price stands at $30,103.
Inmortal suggests that BTC’s price increase to $35,000 is only a matter of time. The analyst predicts a positive trajectory for Bitcoin, indicating potential growth in the near future despite its current price level.
Inmortal also provides insights on how to interpret crowd sentiment correctly. According to the analyst, bearish sentiment accompanied by high engagement reflects disbelief among market participants, whereas bullish sentiment with high engagement signals greed and the potential for late investors to face losses if the market experiences a downturn. It is crucial to consider these factors while analyzing market behavior.
Based on Inmortal’s analysis, Ethereum shows promising signs of exponential growth. The analyst believes that Ethereum’s current price is undervalued and has the potential to rise in the future, similar to Bitcoin. Inmortal’s long-term vision and optimism for the crypto market encourage investors to focus on asset accumulation rather than short-term price swings. Crypto enthusiasts and market participants closely follow Ethereum’s performance as they anticipate its upward trajectory.
As Bitcoin price held above $30k in the past few days in anticipation of a continued bullish outlook, an upcoming smart contract blockchain dubbed Injective (INJ) has attracted huge attention after rallying more than 442 percent in the past year, thus downplaying the devastating effects of the crypto bear market. Backed by top crypto investors – including Binance, Mark Cuban, Jump Crypto, and Pantera, among others – Injective has made headlines by tokenomics including 5.7 million INJ burned so far and about $239 million saved in annual gas savings.
Injective Price Analysis
Undeniably, the Injective network has presented a very bullish outlook in the past few months. As a result, popular crypto analyst Captain Faibik is convinced that INJ’s price is headed for a 240 percent rally in the coming weeks to trade around $18 per coin. Moreover, INJ has been making higher highs and high lows on the daily and weekly time frames. Additionally, the daily INJ price action just broke out of a falling logarithmic resistance level in the last two days.
A similar bullish stance on the Injective INJ price has been adopted by a veteran crypto trader on Twitter @CryptoTony_, who expects the bulls to continue pushing higher in the coming days.
The Injective (INJ) market had a total valuation of about $771 million and a daily traded volume of approximately $74 million as of Tuesday. Trading around $7.78 during the early New York market on Tuesday, the Injective network recorded an increase of about 84 percent in on-chain activity.
As the week begins, both Bitcoin and Ether are showing robust performance. Bitcoin, the largest digital asset globally, maintains a value above $30K, while Ether experiences a 1.3% increase, reaching $1,901.
According to analyst Miles Deutscher from the YouTube channel Crypto Banter, there is a prediction that an altcoin rally will happen after the current Bitcoin rally faces challenges. Deutscher explains that during bear markets, crypto funds tend to move around because there is less trading activity and the overall market is less volatile.
This rotation happens because altcoins may present new opportunities for investors when the market conditions change. In simpler terms, Deutscher believes that once the Bitcoin rally slows down, people may start investing in other cryptocurrencies, leading to a rally in altcoins.
Pepe (PEPE) Emerges as a Promising Altcoin
One altcoin that has garnered significant attention this year is Pepe, a frog-themed meme coin. While its initial high volatility has subsided, experts believe that the Pepe market may experience a resurgence. With a market capitalization of approximately $641 million and a daily trading volume of around $234 million, there are signs of activity in the Pepe market.
Last week alone, Pepe’s price surged by approximately 65%, reaching around $0.00000153 during the early Asian market on Monday.
Analyst Miles Deutscher suggests that Pepe’s price may be forming a bullish flag pattern, often indicating an upward breakout. As a result, it is advisable to closely monitor Pepe’s performance in the coming weeks.
Litecoin (LTC) Shows Promise in DeFi Summer
Another altcoin to keep an eye on during the DeFi summer of 2023 is Litecoin (LTC). With its strong fundamental aspects and medium-cap status, Litecoin has emerged as one of the top coins on Crypto Banter’s watchlist, exhibiting significant upside potential. Analyst Deutscher has observed that the weekly price action of Litecoin is forming a rising channel, suggesting the possibility of further gains.
Adding to the optimism surrounding Litecoin, the cryptocurrency community anticipates the third halving event in August. Historically, halving events have acted as bullish triggers for cryptocurrencies, potentially driving up demand and prices.
In a recent interview with CNBC, Mark Yusko, founder and CIO of Morgan Creek Capital, shared his optimistic outlook on Bitcoin (BTC) and the cryptocurrency markets, suggesting that they have entered a bullish phase. Yusko believes that the ongoing rally in Bitcoin is just the beginning of a larger bull market, driven by the four-year cycle surrounding Bitcoin’s halving events.
Bitcoin’s halving, which occurs every four years, involves adjusting the block rewards in the Bitcoin blockchain. According to Yusko, the next halving event is expected in April, leading to a period of accumulation before a potential speculative blow-off. This blow-off might be followed by an overreaction on the downside, commonly known as “crypto winter.”
Yusko emphasizes Bitcoin’s top use case, positioning it as a replacement for gold as the base layer of money. He views Bitcoin as digital gold with the potential to fulfill the role that gold has played for thousands of years. Gold has traditionally served as the foundation of currency, with fiat currencies backed by debt built on top of it. Yusko sees Bitcoin’s permanence, divisibility, and immutability as advantages that make it suitable for serving as the base layer of new money in the future.
While Yusko is bullish on Bitcoin, he sees Ethereum and other blockchain applications as potential replacements for fiat currencies, rather than direct competitors to Bitcoin’s role as digital gold.
XRP Price Poised To Surge 50%, While Bitcoin Price Might See Massive Crash – Here Are The Watch Levels
Altcoin Sherpa, a famous crypto expert, appears bullish on the altcoin XRP’s performance amidst the prevailing downturn. At the same time, he harbors pessimistic expectations for the crypto stalwart, Bitcoin.
The Rising Strength of XRP
Sherpa observes that XRP exhibits promising signs of robustness amidst the ongoing market slump. He asserts that the crypto asset, currently facing immediate resistance at $0.60, could see an impressive surge. If it manages to decisively surpass this resistance, he anticipates the altcoin might ascend to levels not witnessed since April 2022.
Sherpa says he refrains from purchasing at the current level but signals readiness to target an ambitious high of $0.80 and beyond if XRP proves its strength by conquering the aforementioned resistance zone.
A Bearish Stance on Bitcoin
Moving on to Bitcoin, the analyst’s stance takes a decidedly bearish turn. The leading digital asset currently grapples with a support level of $25,000. Should it plunge beneath this level, Altcoin Sherpa envisages a drastic corrective drop, potentially nearing the $20,000 mark.
The expert hints at the probability of an aggressive downward move, potentially to $22,000 or even lower, if the current support region fails to hold up Bitcoin. However, he adds a word of caution – support remains support, at least for the time being.
Sherpa is maintaining a wary approach toward Bitcoin at the moment. The existence of price gaps around $24,000 and $20,000 raises his eyebrows and fans his caution. These gaps serve as indicators for traders, who tend to monitor them closely as they frequently get filled over time.
He particularly points to a significant gap between $24,000 and $26,000, which he anticipates will be eventually closed. Adding to the lower targets is another gap on the Chicago Mercantile Exchange (CME) around $20,000. Given these factors, the expert advises caution in the crypto market.
At the time of reporting this story, XRP and Bitcoin were trading at $0.47 and $24,866, respectively.
The crypto market flourishes in the 21st century, and Bitcoin (BTC) is a big hit to investors. Other coins after Bitcoin (BTC), called altcoins, didn’t do as well, but each was successful in its own right.
This article will explore the most affordable altcoins with great potential to give investors substantial profits in 2023. They include Waves (WAVES), Dai (DAI), and Uwerx.
Waves (WAVES): A User-Friendly Blockchain Platform
Waves is a multipurpose blockchain platform that supports intelligent contracts and decentralized app (DApp) development to ensure its speed and accessibility are always better than the competition.
It was launched with 100 million tokens in June 2016. The total supply has since increased by more than 11,000, with more daily tokens mined.
Each token is worth $1.79, an 8.56% increase in the past seven days and is expected to reach $2.50 before Q4 2023 ends.
Dai (DAI): A Veteran Stablecoin
Dai (DAI), an Ethereum-based coin, is managed by MakerDAO. It is linked to the US dollar, making it a stablecoin.
Dai was launched with over 4 billion tokens in November 2019. Each user mints new tokens via the use of the Maker Protocol. The token is worth $0.9996, which has been stable for the past month.
Uwerx(WERX): The Future Of Freelancing
With many strides in the crypto industry, investors believe the market might be saturated. However, some tokens stand out, and Uwerx is one such coin.
Uwerx is a freelancing platform that manages interactions between freelancers and clients. It has proven its credibility, passing the audit by SolidProof and InterFi Network with stellar scores.
With a 1% transaction fee compared to other popular platforms, Uwerx aims to bridge the gap between client and freelancer. The platform has a decentralized token that has done remarkably well in the presale stages, Stage 1 was completed in 17 days, and Stage 2 took 8 days. Uwerx is currently in Stage 5 of the presale, with each token priced at $0.041.
Investors receive a 15% bonus on every token purchase; this will expire by the 31st of July when the presale ends. To safeguard your token, the Uwerx team launched the Uwerx vault. Users can store their WERX tokens for a specified period and also get rewarded. The token has been listed on CoinSniper and will be listed on Uniswap by the 1st of August.
Also, the Uwerx team has agreed to lock liquidity tokens for 25 years before the end of the presale after the users’ vote. This comes after the team modified token allocations due to presale speed and community demands. Users also voted to hold a test airdrop when the presale ends on the 31st of July. The team vows to renounce all contracts when the project is ready to be launched to bring all taxes on the platform to zero.
The Uwerx (WERX) Alpha Platform Coming Soon!
The Uwerx freelancing platform is set to launch by the 4th of August. In preparation, the alpha platform’s PDF version was released on the 19th of May, while the web version and other features, like the landing page and dashboard, will be released in the coming weeks. Moreover, the transition from the alpha platform to the beta platform will begin soon.
User feedback for the alpha platform has been positive, with over 5,500 signups since the release, over 1,600 Twitter followers, and 1,600 subscribers on Telegram. Any suggestion or recommendation on the alpha platform design or interface can be relayed to the Uwerx team via this email: [email protected].
The three altcoins discussed above have shown massive potential for investors in 2023. Uwerx is still in its presale stages and is outshining the rest. Waves and Dai are affordable and valuable, but Uwerx is a must-get for any investor in 2023.
With a 15% purchase bonus in the final stage of the presale, you are assured of getting value for your money.
A recent substantial sell-off of Pepe Coin (PEPE), the popular meme coin, has triggered concerns among the meme crypto community.
Insider Whale Dumps PEPE
Lookonchain flagged a transaction that saw a massive dump of 972.84 billion PEPE coins in exchange for 514 Ethereum (ETH), worth around $848,000. This unexpected transaction originated from the address labeled “0x1497”, prompting queries about potential insider influence.
Suspicious Activity Raises Questions
The sale took place at an individual coin rate of $0.0000008718. It wasn’t the first time that this address had been involved in sizable transactions involving PEPE coins, drawing heightened scrutiny towards its activities. In a previous episode dating back to April, the same address exhibited noteworthy activity during the earliest trading stage of the meme coin.
In the referenced incident, the address received 0.58 ETH from the FixedFloat crypto exchange. The funds were immediately put to use, with 0.027 ETH, or roughly $58, being spent on acquiring a colossal sum of 2.27 trillion PEPE coins. All this transpired within a scant 10-minute window following the onset of the coin’s initial trading phase.
Impact on PEPE’s Value
The fallout of this insider’s recent hefty coin dump has not been benign for PEPE. The coin’s value has seen a downward trend, slipping an additional 2% following the sale. At certain intervals, the dip even touched 5%, casting a pall over the future trajectory of the coin.
As of this writing, PEPE’s standing has deteriorated further, registering a nearly 9% decrease within the past day and a cumulative 22% drop over the last week. This substantial liquidation of PEPE coins has only amplified the bearish outlook surrounding the meme coin.
This hefty liquidation has undoubtedly contributed to PEPE’s ongoing decline, underscoring the significant influence that whale transactions can wield over a coin’s market performance. The community is now keeping a wary eye on further developments, awaiting potential clarity on the identity and motives of the whale.
There were indications of significant activity involving the sale of millions of dollars’ worth of tether (USDT) stablecoins on popular Uniswap and Curve pools on Thursday morning, which caught the attention of traders. The balance of USDT on Curve’s well-known 3pool, consisting of USDT, USDC, and DAI stablecoins, increased to over 72% during the early hours of Thursday.
This suggests that traders exchanged a considerable amount of USDT for USD Coin (USDC) and DAI stablecoins. The current state of Curve’s 3pool shows a holding of over $300 million in USDT, with approximately $55 million each in DAI and USDC. This imbalance indicates a growing preference for DAI and USDC over tether.
— PeckShieldAlert (@PeckShieldAlert) June 15, 2023
A similar trend was observed during Terra’s fall
Similar trends were observed during the Terra crisis in May and the FTX exchange collapse in November, as previously reported by CoinDesk. Paolo Arduino, the CTO of Tether, speculated in a tweet that some traders might be attempting to take advantage of the prevailing market sentiment, which has experienced a decline in the past 24 hours.
Arduino acknowledged the current edginess in the markets, noting that it creates opportunities for attackers to exploit the prevailing sentiment. However, he expressed Tether’s preparedness to handle such situations and emphasized their readiness to redeem any amount as required.
After the event, Tether’s USDT experienced a slight deviation from its usual 1:1 ratio with the US dollar on the Curve decentralized exchange. This resulted in a temporary opportunity for DeFi traders who are skilled in arbitrage.
The influx of USDT sellers overwhelmed the liquidity pools on Curve and Uniswap, leading to USDT briefly trading below its typical parity of $1.
As a response to the de-peg, market participants swiftly reacted by significantly increasing their borrowing of USDT from Aave, a leading decentralized lending and borrowing protocol.