Top Reasons Why Bitcoin Price May Soar Beyond $30,000 this Month
Bitcoin price again faced rejection in an attempt to rise beyond $24,000 for the second consecutive time in the past week, indicating the possibility of a bullish divergence soon. After starting the new year with a 40% upswing, the market participants were quite hopeful of the impending trend. However, after breaking the resistance at $23,300 that it held for nearly a week, the BTC price surged high to mark highs beyond $24,000.
But woefully, the levels quickly dropped, creating a sense of uncertainty among the market participants. However, the current trade setup displays larger possibilities of a bearish divergence but in the longer time frame, a breakout could be imminent.
The Bitcoin price is ranging within an expanding wedge that sets the upper target between $30,000 to $32,000. These resistance levels are extremely important as they carry a confluence of resistance points. Firstly, the crucial resistance zone between $31,100 and $31,800 collides with the upper trend line at $31,117. The formation of a bullish flag pattern may also uphold the possibility of a bullish breakout.
Moreover, the possibility of a continued upswing is believed to prevail for an extended period ahead. As the bull run which has been ignited just a moments ago is believed to mark their highs somewhere in September 2025 as predicted by a popular analyst TAnalyst
The analyst here offers substantial grounds to support his claims to the upcoming bull run that could resin for 2.5 years ahead. However, as per the prediction, the bear market is believed to kick in soon after the rally marks new highs for 2023 at around $45,000.
XRP Price May Hit $0.54 in Coming Month and End the Q1 2023 Trade above $1!
As the foundations for a significant rebound have emerged, the markets appear to have stuck in some crucial levels. However, Bitcoin prices appear to be hovering close to $23,000, displaying huge possibilities of rising beyond the levels soon. Besides, the XRP price appears to inculcate an independent price action as the trends await the bullish push which may be ignited by the outcome of the Ripple vs SEC case.
A popular analyst, anonymously called Dark Defender lists out the possible outcomes of the Ripple vs SEC lawsuit and its impact on the XRP price.
The analyst here provides the levels, the XRP price may reach in either of the circumstances but also believe the price may rebound quickly in case of a bearish divergence. While it is also assumed the lows at $0.22 may offer a strong base for the token, to begin with, a firm recovery where-in the bulls may load their bags before the bug run ahead.
Besides, in the short term, the analyst believes that the XRP price may defend the support and fairly rise high to reach $0.54 in February and above $1.13 in March.
Collectively, the XRP price appears to be at the edge of a massive explosion and may rise significantly in the coming days, regardless of the Bitcoin price rally.
Is Ethereum in more Trouble? Whales Dumped 880,000 ETH Tokens This Month
For quite some time now, Ether, along with the rest of the cryptocurrency market, has been going through a difficult period. According to data obtained from Santiment, Ethereum whales have already sold 880,000 ETH tokens during the month of December 2022, making Ether’s current situation an even more worrying one.
Only 16.02% of the entire supply of Ethereum is said to be liquid across all centralized exchanges at the moment, according to Glassnode. When whales want to keep their assets for a significant amount of time, they will often transmit bitcoin from exchanges.
Keeping a substantial quantity of money on an exchange, which is the most sought-after target for thieves attempting to steal cryptocurrencies, exposes you to an increased chance of having your money stolen.
Ethereum: 2022 price performance
In 2022, Ethereum made significant progress toward its goal of developing a global computer and a decentralized financial system by checking off numerous items on its checklist.
One of the most notable developments was the completion of the significant transition to a new, more environmentally friendly technology for powering its network.
However, the year was also marked by challenges, including concerns about censorship and record-breaking attacks on Ethereum-related infrastructure. Both of these issues played a significant role in the narrative of the year.
While Ethereum’s core code itself has never been the target of an attack, most of the major DeFi thefts that occurred during the past year caused chaos for users of Ethereum’s DeFi ecosystem.
ETH Price Analysis
In terms of Ethereum’s price, the token is presently valued at $1,193, a considerable decrease from its all-time high of $4,800 reached in November 2021.
The bears are defending the $1,223 level with force, as the bulls have been unable to push Ethereum over the 20-day exponential moving average (EMA). This may have caused the bulls to give up and retreat.
At this point, the token may drop to $1,182. If this support breaks, it might fall to the next solid support level at $1,150. If the ETH price successfully recovers from there, it might indicate that the cryptocurrency will stabilize for a few days in the $1,150 to $1,352 range.
Alternatively, a bearish pattern will emerge and push the toke further down below $1,000.
Historically January Is Not Bitcoin’s ‘Best Month’, February to Be a Game-Changer?
The price of bitcoin had already dropped significantly in 2022 before the abrupt failure of the trading site FTX last month. After a lackluster 2022, all eyes are on Bitcoin as it enters 2023 with high expectations. As noted by expert Daan Crypto, January has historically not been Bitcoin’s “best month.” The analyst supported his claim with data, stating that 60% of the months since 2013 had resulted in a negative return.
However, he also revealed that February has been BTC’s best ‘returning’ month. He said, “Besides that, February has been one of $BTC’s best returning months. Keep in mind that this data is not a reliable indicator for future returns. Use in confluence.”
As for Bitcoin price prediction, the analyst said that BTC had returned to the “Christmas Range” between $16.7-16.9K. He said that all eyes are on the $16.9-17K area which has been rejecting prices for some time now.
While Bitcoin is consolidating, crypto analyst Ali Martinez thinks the trend’s direction may be determined by a move outside between $16,000 and $17,000. According to on-chain statistics from IntoTheBlock, there are two big supply roadblocks at $16,600 and $17,000, respectively, where 1.46 million addresses hold 915,000 and 730,000 bitcoins, respectively.
ApeCoin Falls To Lowest This month; Shiba Inu Plunges 8% But Snowfall Protocol Surges Dramatically
The crypto market is notorious for its volatility, and investments in digital assets can be high-risk endeavours. Still, many investors are drawn to the potential rewards of the crypto space, and tokens like Snowfall Protocol (SNW) offer an attractive proposition in today’s market. In this article, we’ll take a look at why Snowfall Protocol (SNW) is outperforming other major tokens like Shiba Inu (SHIB) and ApeCoin (APE).
ApeCoin (APE) dips over 55% in 2022
The ApeCoin (APE) community was quite enthusiastic about the recent development of their staking rewards. Both the ApeCoin (APE) token and NFTs that were tied to it, saw a major surge in purchases that led to temporary price highs. The buzz surrounding ApeCoin (APE), however, quickly died down after the announcement. One of the possible reasons for the decline could be the decreasing incentives received from ApeCoin (APE) staking pools, which may be contributing to the dwindling interest in the token.
The daily price chart for ApeCoin (APE) shows that it has been steadily falling and is now close to it’s all-time low. The value of ApeCoin has dropped from $27.79 this year to $3.63, a fall of over 55%. The trade volume of the ApeCoin (APE) token also dropped by 31.18% in a single day, on December 14th. This shows that momentum for ApeCoin (APE) has been drastically decreasing, portending significant lows for the token in the future.
Shiba Inu (SHIB): Just another meme coin
After seeing significant gains since the beginning of the year, Shiba Inu (SHIB) fell in May 2022 along with other cryptocurrency markets. The current price of a Shiba Inu (SHIB) is $0.00000831. In the last 7 days, Shiba Inu (SHIB) has dropped by 6.58%. There are several reasons for Shiba Inu’s (SHIB) price declines.
Firstly, the value of meme coins like Shiba Inu (SHIB) rises when people show interest in the token or when public figures talk about them. However, such popularity is short-lived and dies as soon as social media stops taking an interest.
Additionally, experts agree that Shiba Inu (SHIB) was created with a large supply to keep the price per coin low in the hopes that those who are unfamiliar with cryptocurrencies will mistakenly believe that it is a great bargain compared to other tokens.
The fact that Shiba Inu (SHIB) serves no practical purpose and has no real use case has also been affecting its price lately. Any investor who has been investing in the market for a while would also be wary of Shiba Inu (SHIB) because very little is known about the company.
Snowfall Protocol (SNW) goes miles ahead of other tokens
Snowfall Protocol (SNW) is a groundbreaking cross-chain exchange ecosystem that can be utilised with both fungible and non-fungible tokens. With the use of Snowfall Protocol’s (SNW) decentralised application (dApp), users can move assets between the most widely used blockchains.
When the decentralised application for Snowfall Protocol (SNW) is released in January 2023, users will be able to freely move fungible and non-fungible assets between EVM-compatible and non-EMV-compatible networks like Ethereum and Bitcoin. Snowfall Protocol’s (SNW) decentralised application was created with security, interoperability, and ease of use in mind, which is causing it to gain major traction.
More than half of Snowfall Protocol (SNW) tokens have been purchased during the final presale session and its prices have gone up by 400% in the last two months. Currently, Snowfall Protocol (SNW) is trading for $0.14 and is soon expected to rise to $0.24 by the end of this presale. Over 200 million tokens have been sold so far, making Snowfall Protocol (SNW) a market favourite.
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Details On Industry Recovery Fund Next Month
At the start of this week, Binance CEO Changpeng Zhao announced his plans to launch an industry recovery fund to support the projects that are affected by the liquidity crisis after FTX collapsed. During today’s crypto conference at Abu Dhabi Global Market, CZ claimed that the exact amount for the industry recovery fund is still unknown and many other investors have shown interest to support the move.
However, CZ has refused to name other crypto exchanges and investors who have come forward to support Binance. On the other hand he said that the complete details on Crypto industry recovery fund will be disclosed in the next two weeks.
Oryen Presale Buyers Are Having The Best Time Of Their Lives With 110% Profits In a Single Month
Oryen has already been on the move since its debut, it has already brought around 100% profits to early investors, yet, there is still more room for more investors to enjoy these gains and profits! ORY still has plenty of room to grow according to Youtuber, Darryl Boo.
Oryen (ORY)
The Oryen Network is a crypto project that concentrates on innovation, creates rewards and offers value for Oryen token holders through the OAT (Oryen Autostaking Technic). Oryen is a staking token which is Easy and Safe, and gives you a fixed 90% APY (Annual Percentage Yield). According to one of the best crypto publications, ORY seems to be the most anticipated presale right now, with accelerating numbers of investors joining the project daily due to its innovative OAT.
The AutoStake feature: How does it work?
By simply buying $ORY and keeping the token in your wallet, you earn rebase rewards to your wallet, and tokens will increase every 60 minutes. Oryen allows distribution directly proportional to the daily rebase rewards that is worth 0.177% of the amount of tokens you hold in your wallet, which means that without moving your tokens by using a staking contract, Oryen holders receive an annual compounded interest of 90%.
What About Big Eyes Coin (BIG)?
As interesting and profitable as ORY might be, Big Eyes Coin (BIG) is currently among interesting new meme coins as well, BIG has strong eco-friendly credentials and gives a small percentage (5%) of its value to charity. BIG and ORY have strong futures if what analysts are saying is taken into consideration, but it’s ORY that they think has the strongest and could be the best new crypto investment one can make right now.
Conclusion
The long-term goal at Oryen’s Network is to make $ORY a recognised digital currency, which is used within different platforms and network chains.
Find out more here:
Join Presale: https://presale.oryennetwork.io/register|
Website: https://oryennetwork.io/
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Altcoin Season By Mid November? Analyst Maps Month End Targets For Top Cryptos
The global crypto market capitalization’s turmoil near the $1 trillion mark has plummeted the crypto portfolios of investors and now continues to pressurize traders amid the crypto winter.
Despite undergoing several jolts, including CPI data and US stock market correlation, the prolonged crypto winter now seems to bring smiles to crypto users as the market is all set to show its wrapped version of a skyrocketing bull run in the upcoming months.
Crypto Prices Are Fuelling For A Bullish Comeback!
Leading cryptocurrencies of the market are gaining pace for a major bullish recovery as users and traders are now shifting their attention from the Fed’s recent interest rate hikes by 75 bps on 2 November.
According to a popular crypto analyst, Michael Van De Poppe, CEO and founder of Eight Global, significant digital assets like Bitcoin and Ethereum may touch immense highs in the next few months.
The analyst predicted the target price of specific cryptocurrencies as the market shows a bullish recovery despite the hawkish tone from the Fed’s decision to control the exponential rise of inflation. Here is what he predicts:
Bitcoin Price Analysis
Michael Van De Poppe is highly bullish on Bitcoin as he believes that Bitcoin may touch $30K soon. Looking at the daily price chart, Bitcoin has recorded a weekly high at $21,480 and is currently hovering around the EMA-100 trend line with a value of $21,237.
A breakout above its Bollinger band’s upper limit at $22.5K may take Bitcoin to its strong resistance level of $25K. The MACD line is also trading in a bullish region, supporting the current price movement.
However, the RSI-14 is trading at 64-level, indicating an overbought region. If Bitcoin makes a pullback from its current price level, it can again plunge below its crucial support level of $20K and head towards the price level of $18K.
Moreover, on-chain analyst firm, CryptoQuant, mentioned that the current Taker Buy Sell Ratio metric has dropped below 1, hinting at short positions formed by market bears. Bitcoin may have a sharp downward correction if this metric continues to decline.
Ethereum Price Analysis
Ethereum has been showing a significant upward bounce back as it made a breakout above its consolidated zone of $1,400. According to Michael, ETH price may spark considerable surges in the price chart and reach $2,500 in a few months.
Ethereum has been continuously building buying pressure in the last few days due to the upcoming ‘Shanghai’ upgrade. Ethereum is currently trading at $1,625 and showing signs of further bullish momentum as the SMA-14 surges to the level of 64.
If Ethereum breaks its EMA-200 line and trades above $1,750, it can soon surpass its previous highs and aim for $2,500.
Conversely, a price drop is expected if ETH falls below its immediate support level of $1,490. In that case, Ethereum may trade below its crucial support level of $1,300 and will take ample time to mark a recovery.
ChainLink Price Analysis
ChainLink is currently enjoying a massive pump in its price chart as it has made over a 35% jump in the last two weeks and is currently trading at $8.6.
Michael Van De Poppe predicted that LINK price might skyrocket by the end of 2022, and it can reach a maximum price level of $15.
The price fluctuations on the chart indicate more surges in LINK’s price. ChainLink has recently failed to break its resistance of EMA-200, trading at $9.05.
However, it is building another attempt to break $9. If the resistance level breaks, ChainLink can move toward its next target price of $12.15.
Conversely, a bearish trend may occur as the RSI-14 trades in an overbought region. A downside breakout at $7.6 may slump LINK hard below $6.58. Our technical analysis reveals a short-term bullish momentum for ChainLink before a downtrend.
BNB Price Analysis
Binance coin has been outperforming in recent trading sessions as it has added over 30% to its value since its upward journey. Michael predicts that Binance coin is going to bring a lucrative return as it may reach the short-term goal of $500.
Binance Coin has been pushed due to the current altcoins season, as multiple altcoins are paving their way to make a bullish recovery. BNB is currently trading at $350 and aiming for a breakout above the price of $402.
If BNB holds its price above $400, it can make an upswing and reach a resistance level of $458. The MACD line is forming an ascending pattern for BNB with the support of SMA-14.
However, the above bearish analysis may get invalidated if BNB makes a pullback and drops below its crucial support level of $314. If BNB’s price trades below $300, it can soon reach the bottom of its previous bearish trend at $260.
Zilliqa And Fantom Price Analysis
The analyst went on further and predicted that Zilliqa might reach a price of $0.1 and Fantom may trade in a maximum price range of $0.75 to $1. However, the target prices for ZIL and Fantom look so far as they show less volatility in the price chart compared to other altcoins.
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Cardano (ADA) Remains In The Red For The Month, Orbeon Protocol (ORBN) Is Headed For The Moon
Cardano’s recent decline has renewed negative sentiment among investors, while Orbeon Protocol has seen a huge boom in value in its 1st stage presale, and is predicted to soar as high as 6000%, so much so that investors from all over the crypto community are thronging the new project. Let’s take a look at what has happened this week.
Why is Cardano Taking Huge Hits?
As you may already know, Cardano is struggling in the current market conditions. In fact, Dogecoin has surpassed it in terms of overall trading volume, which has given strong indications toward the current market movement for Cardano.
While opinions are varied on why this is the case, the main reason is likely due to the inherent volatility Cardano possesses right now.
Cardano has notoriously been one of the most volatile cryptocurrencies on the market, as the crypto market has barely started to recover from the 2021 crash, investing in assets such as Cardano is not a popular choice among investors.
It is also worth mentioning that the markets as a whole are struggling right now – so this is undoubtedly another factor that has played a substantial role in Cardano’s downfall.
Either way; Cardano has a long-term bullish outlook for the future, due to the reliable technical updates and forward-thinking development it has exemplified so far. As the market continues to recover, we may see more bullish momentum for ADA.
Experts Predict a Bright Future for Orbeon
Orbeon Protocol is one of the fast-growing projects in the current market, and it has already seen a 100% increase in value since the presale began.
Orbeon Protocol is disrupting the venture capital industry with its unique function as a blockchain investment platform, which allows startups to raise capital through crowdfunding by being minted as fractionalised NFTs. These NFTs are then made available for purchase for as low as $1, acting as an investment in the company. This approach allows startups to raise capital rapidly while sidestepping regulatory hurdles that affect fundraising. Investors can also take part in the venture capital industry with minimal risk, thanks to Orbeon Protocol’s “fill or kill” mechanism, written into the NFTs smart contract. Any company that fails to reach its fundraising goals in the set timeframe has its NFTs automatically refunded to investors.
The projects native ORBN token is set to skyrocket as well. Investors are very eager to invest in ORBN due to its immense utility, providing holders with benefits and perks across the whole Orbeon ecosystem. These include staking rewards, transaction fee discounts and project governance rights.
This growth is even further exacerbated by the fact that the presale is only going to last for so long. Investors everywhere are rushing to buy as much ORBN as they can, and with a price surge from $0.004 to $0.24 predicted, this comes as absolutely no surprise.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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Cardano Price Prediction: Will ADA’s Bullish Momentum Last Until the End of the Month?
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Following several failed attempts to halt the bearish trend, the ADA price may soon encounter a successful breach through immediate resistance
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With a significant upswing, the price may set up a significant upswing to $0.38, which may further trigger prices towards the crucial highs around $0.42
With a drop of more than 2% in the past seven days, Cardano price continues to trade above $0.36 at the moment. Meanwhile, no notable change is being witnessed in the past 24 hours, hence, the asset is expected to maintain a silent trend for some more time ahead. The bulls are attempting very hard to keep up the bullish trend, but the slashed volume has in turn dropped the volatility that is hindering the ADA price’s progress beyond $0.4.
The upcoming trend is expected to be slightly bullish as the token appears to be preparing for a significant upswing in the next 24 hours. The price which had flashed an acute bearish signal with a price plunge below $0.34, rebounded, slicing through the bearish captivity. Therefore, the asset may eventually lay down a significant upswing breaking through the pattern very soon.
- The ADA price has been trading within a bullish falling wedge on the daily time frame for quite a long time, ever since it faced rejection at $0.52
- The recent rebound from the lower support of the wedge signifies the tendency of the asset to go long, breaking the upper resistance in the coming days
- Meanwhile, a rejection at the resistance around $0.37 may hinder the rally for some time which could be overcome by the bulls in no time
- Therefore, after a brief consolidation, the ADA price may eventually rise high throughout November and eventually rise beyond $0.4 in December 2022
After a pretty long time, the Cardano(ADA) price is displaying the possibilities of a bullish reversal, eliminating the bearish influence. Therefore, the bullish trend is expected to prevail until the end of the yearly trade and reach beyond $0.5 by the end.
Crypto Analysts Predict Plona (PLON) To Raise $2 Million In First Month of Presale
Decentralised finance (DeFi) is at the forefront of innovation in the crypto marketplace. Every cryptocurrency in the blockchain industry has been promoting this technology as best as they can. Leading cryptocurrencies like Kava (KAVA) and Convex Finance (CVX) offer unique features that bring DeFi technology to life. However, the recently launched Plona (PLON) token is one to look out for as its phase one presale is gaining the interest of many investors in the blockchain industry.
How will Kava (KAVA) recover from a 5.33% decline?
Kava (KAVA) is a software in the decentralised finance (DeF) ecosystem that enables its users to lend and borrow multiple cryptocurrencies. Given that Kava (KAVA) is a DeFi software, users can lend and borrow numerous cryptocurrencies exclusive of banks or any financial third parties.
Additionally, Kava (KAVA) is built on the Ethereum (ETH) blockchain and rewards people who mint USDX. Kava (KAVA) prices dropped by 5.33% over the past week, and the platform has been struggling to regain its shape since then. With over 200 million Kava (KAVA) tokens in circulation, one coin is currently worth $1.4.
Convex Finance (CVX) drops 5% overnight.
Convex Finance (CVX) is a decentralised finance (DeFi) protocol cryptocurrency built on top of Curve Finance. The platform was designed to give CRV token holders and Curve liquidity suppliers additional interest and higher returns from their investments in Covex Finance (CVX).
After providing its users with a seamless optimisation method for supplying liquidity, Convex Finance (CVX) platform has generated over $24.5m in protocol fees. The last seven days saw Covex Finance (CVX) token drop by 5.25%. The price for one Covex Finance (CVX) is $5.3 for one token, which is more expensive than the price of Plona (PLON) and Kava (KAVA).
Plona (PLON) is projected to raise $2 in the first month of its presale.
Everyone in the blockchain industry is talking about Plona (PLON), an Ethereum-based cryptocurrency in the decentralised finance (DeFi) ecosystem bringing exotic cars to the crypto market. How are they doing this? The developers of Plona (PLON), a group of blockchain and premium car enthusiasts, have patterned with luxury automobile dealers to get access to exclusive networking and events.
For only $29, investors in Plona (PLON) token can own a fraction of their favourite luxury car. Furthermore, Plona (PLON) token holders will benefit from a 2.5 transaction fee on all network transactions. The platform has gained a great deal of support after pledging 2% of its token sales to a charity chosen by its community. With all the talks about Plona (PLON) online, crypto analysts have predicted the platform to raise $2 million during its stage one presale.
Follow Plona (PLON) and join its presale with the links below:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
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These Cryptocurrencies Will Have Major Impact in the Month of November – Know Why?
The 2022 G20 summit will be the 17th meeting of the Group of Twenty and is scheduled to take place in Bali, Indonesia, on 15-16th November 2022.
Several countries will participate in the Summit. Due to growing crypto scams and hacks in the market, the idea is to regulate cryptocurrencies; however, this is easier said than done, as decentralization remains an integral characteristic of crypto.
Going against the nature of digital assets can prove to be challenging. Still, several groups and countries are working on regulating the crypto market and bringing stricter taxation rules. The rules aim to report tax information on crypto transactions in a standardized manner.
A report containing the rules and commentary of the Crypto-Asset Reporting Framework (CARF) and Amendments to the Common Reporting Standard has been prepared and is being reviewed by the experts. These regulations will impact the top cryptocurrency projects the most, and thus, the future of the crypto industry is still unforeseeable.
As blockchain technology is at the roots of crypto, the adoption of a regulated market does not seem to excite investors.
Bitcoin, Shiba Inu, Dogecoin, Ethereum, Terra, Solana, and Ripple are among the major cryptocurrencies that can be affected due to the G20 Summit 2022 regulation. As BTC holds the highest market share and is arguably the most volatile, it is under the radar of regulation.
Coming to Shib and Dodge, these highly volatile meme coins first rose during the bull market last year and then lost most of their value in 2022.
ETH, the second most valuable coin, lost its value just after the Merge, as it failed to yield the expected results. Now, Regulators are closely keeping an eye on this cryptocurrency and are hinting at regulatory measures for it.
With regard to Ripple, regulators are keeping a close watch on the coin as it still continues to be the most trending currency due to its massive fan following and huge community network.
The list also includes Apecoin, Steller and Decentraland on which regulators could be looking to tighten the screws.
The catastrophic effect of the Terra Network’s collapse shocked the entire crypto space, and is one of the major reasons why regulation is being called upon.
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A Significant Move Incoming For Bitcoin (BTC) Price This Month, Which May Drop Down To $13,000 Soon
The quarterly close remained notably passive for the Bitcoin price as it continued to trade along the crucial support zone. Technicals maintained a low-key trend, showing ease in the mounting bullish pressure. Therefore, a huge move is strongly incoming that suggests a hefty price drop in the coming days.
For quite a long time, the BTC price has been trading within a descending parallel channel, which remains undiscovered now. The price targets remain lower by more than 30%, probably by the end of 2022. While the asset may try hard to prevent a steep drop, the intensified bearish action may stop the bullish action ahead.
As seen in the above chart, the BTC price is trading within a descending parallel channel, facing constant rejections at the upper trend line. Presently, 3 possible scenarios can be expected with the upcoming Bitcoin price movements, which carry a high possibility of occurrence.
- Firstly, Bitcoin could crash hard to $13,000, post to which a strong alt-season may begin
- Bitcoin may trade sideways for another 3 months and create a descending triangle
- The price may rise slightly upwards to reach the levels above $25,000, trap the bulls and drop hard to test the crucial support at around $12,500
The asset is below all possible trendlines on the macro scale, and hence the bearish pressure is extremely high. However, the market sentiments are not extremely bearish, which is why one can expect a minor rebound. On the other hand, if the trend follows the Elliot wave, then a huge bearish price action could be imminent.
The final quarter is considered pretty bullish, but the price movements may be rather diverse this time. Hence, after the bearish September, upcoming months may also register significant drops until the Bitcoin(BTC) price finds its lows.
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Bitgert (Brise) Gears Up For A Breakout This Month, While DOGE And SHIB Remain Gloomy
Blockchain network Bitgert and its native BRISE token have enjoyed a breakout year in 2022. Over the last 30 days, the BRISE token has surged to take its year-to-date gains to over 150%, as of August 2022.
The Bitgert network has made significant strides in recent months, marked by the release of its blockchain mainnet, which has brought smart contracts and decentralized application (dApp) capabilities to the protocol. Bitgert has since seen numerous dApp launches, ranging from decentralized finance (DeFi) protocols to non-fungible token (NFT) marketplaces.
In the past month, the BRISE token has nearly doubled its price, helped by potential listings of the token on major crypto exchanges Coinbase and Binance.
On the other hand, it doesn’t seem that there’s light at the end of the tunnel for DOGE and SHIBA. New coins are taking the primate day by day and that’s the case with the new meme coin, TAMADOGE.
Does this mean the end of an era and a start of a new one? It’s still left to see.
Bitgert (Brise) Gears Up For A Breakout This Month
As of 23 August 2022, Bitgert’s native token BRISE was the 2,770th largest cryptocurrency, with a market cap of over $335m.
Historical price analysis of BRISE showed that the token had soared from about $0.000000003564 in late July 2021 to its current price of about $0.000000780 on 23 August 2022.
However, since hitting an all-time high of $0.00000404 on 13 August 2021, BRISE has been on a downward trajectory. The token has dropped over 80% from its record highs.
More recently, the BRISE token has seen a strong rally with prices surging about 120% in the last 60 days, helped by the upcoming completion of Ethereum’s transition to PoS and news of applications for listings on major crypto exchanges Coinbase and Binance.
Between the second quarter of 2022 and fourth quarter of 2024, Bitgert will work on a decentralized virtual private network (VPN) to enable users to surf the internet with 100% privacy and safety. It has also announced plans to work on a decentralized freelancer market, for peer-to-peer hire of services with on-chain crypto payment systems.
For the longer term, algorithm-based website WalletInvestor’s BRISE crypto price prediction expected the token to trade at an average price of $0.000000736 by the end of 2022. WalletInvestor’s Bitgert price prediction for 2025 expected the token to rise to an average price of $0.000001089 by the end of 2025.
Our Bitgert price prediction as of 23 August 2022 saw the token trading at an average price of $0.00000944 in the next year or two.
What does that mean for DOGE, SHIBA and their derivatives? New DOGE spin-offs are getting popular more and more by the day and that’s the case with the new meme coin, TAMADOGE.
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What’s Tamadoge?
This is a memecoin with utility. Launched in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.
Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.
What’s a Tamadoge store?
Whenever you make a purchase in the Tamadoge store, from buying your newest Tamadoge pet through to buying food and toys or even just a cool new hat, you’ll always be paying with
Tamadoge token.
Finally, 65% of all tokens spent will be added to the P2E prize pool. This is used to pay out rewards from the Tamadoge leaderboard, directly to the community.
Will DOGE & SHIB Remain Gloomy?
Based on the price fluctuations of Dogecoin at the beginning of 2022, crypto experts expect the average DOGE rate of $0.073 in September 2022. Its minimum and maximum prices can be expected at $0.066 and at $0.075, respectively.
According to the technical analysis of Shiba Inu prices expected in 2022, the minimum cost of Shiba Inu will be $0.00001323. The maximum level that the SHIB price can reach is $0.00001448. The average trading price is expected around $0.00001384.
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Bitgert vs TAMA
Given the use cases that TAMA offers and the rapid growth heading to $1 in value, this coin could be the winner in the BRISE-TAMA race. If you don’t want to risk, we have one word for you – DIVERSIFICATION.
Explore your options with TAMA and then dedicate if you want to buy it. Our tip is – give it a chance! It might surprise you.
How to buy TAMADOGE?
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have 3 options
- Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak. You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.
- Buy TAMA With ETH. Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”. Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.
- Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction. Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Summary
Hope you’ve enjoyed our article. Note that analyst and algorithm-based crypto price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research: always conduct your own due diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and investment goals.
No matter how shiny and attractive a crypto looks or people say that you should invest in it just because of a hype, take it with a dose of reserve.
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.
Shiba INU Price Predictions for September, Where Will the SHIB Price Head to This Month?
Shiba INU (SHIB) price traded in thin air throughout the summer, while the gains incurred during the recent upswing also remain void at the moment. Despite following a consolidated ascending trend, the asset fails to display a strong projection for the month. The SHIB price fell sharply over the past 7 days, below the crucial 50-day MA levels. Hence flashing acute bearish signals for the month.
The on-chain indicators indicate the asset’s market sentiments have been on a rise but indicate an acute bearish trend could be imminent.
Huge Drop in the Daily Active Address
Shib INU price is registering frequent spikes in the daily active address could point out towards the holders onboarding their coins onto the exchanges. This could adversely impact the price as an inflow into the exchanges could be to sell the asset.
Millions of SHIB Moved out of Dormant Address
Recently, a huge amount of SHIB was let out for circulation that was dormant for quite a long time. Nearly 1.54 trillion SHIB tokens were removed from moved after being dormant for nearly 6 months.
Slight increase in the Social Volume
Shib INU is a popular asset when it comes to social mentions and social sentiments. Lately, the asset witnessed a marginal increase in social dominance that appears to be due to its upcoming game Shiba Eternity & burning of millions of SHIB tokens.
Considering the above indicators, Shiba INU(SHIB) price appears to be poised to decline significantly in the next couple of weeks. The asset which is trading at around $0.00001225 could plunge below $0.00001, hitting $0.0000098 which were July’s lows. However, on the brighter side, the bearish theory may be invalidated if the price rebounds above $0.000017, indicating another rise in September.
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Bitcoin Enters Its Worst Month! Here’s How BTC Price Might Perform?
Statistically speaking, September was a poor month for the bitcoin market. Investor returns have been negative for the previous four September. The value of the largest cryptocurrency has dropped 20% since August 1. The technical analysis may point to a further fall in September as the trading session for today comes to a conclusion.
Since 2017, September has generally been a poor month for Bitcoin. In the previous five years, the average monthly decline in the price of bitcoin was 8.5%. Crypto analysts, however, think that this year is different since fundamentals and on-chain activity have increased along with adoption because of the price decline.
A market-wide sell-off caused the price of Bitcoin to fall below $21,000. The price of Bitcoin has been inactive for a while. Due to the low percentage of fees in total block rewards, there is less demand on the Bitcoin network. In the past, the BTC has always been oversold and bearish if the proportion of fees in the block reward falls below 3%. The negative cycle typically ends once the indicator rises above 3%.
Traders ought to hold out until the entire block reward goes over 3% in terms of fees. It will signal rising network demand, pointing to possible market strength. The network demand is still minimal, thus the new bull cycle is still some way off. Investors should therefore watch for a bearish rally to indicate a clear positive trend.
What are the Expert Opinions?
The price of Bitcoin at $19.9k, in the opinion of cryptocurrency analyst Michal van de Poppe, may further decline. A $19.5K sweep is anticipated. Additionally, he favors a break of $20.6k at shorter time frames to signal the end of a bullish trend.
Since the majority of cryptocurrencies are trading below their 20-day SMA, the crypto market is weak and stagnant, claims Crypto Birb. For Bitcoin to succeed, a break above the 200-WMA at $23k is necessary.
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XRP Price To Surge 50% in the Month Of September
Despite ongoing legal disputes involving Ripple, XRP has maintained its position in the cryptocurrency market and continues to rank among the top ten digital currencies by market capitalization. Investors continue to predict XRP’s future price movement as it tries to emerge from the overall crypto bear market despite the lawsuit.
By the end of September 2022, the crypto community at CoinMarketCap predicts that XRP will trade at an average price of $0.49, up more than 50% from where it is now. The forecast is based on 1,166 community members’ votes submitted through the price estimate function.
The community’s bullish stance coincides with XRP Price seeing marginal gains; as of press time, it was trading at $0.32, a decrease of about 0.79% over the previous day.
On August 26, the token eventually reached a new two-week high of $0.37 after its network executed three sizable transfers totaling $51 million involving the cryptocurrency exchanges Bitso and FTX.
Ripple Vs SEC
Although, XRP will still face a number of obstacles that might drive it lower. Notably, the asset is still being affected by the legal dispute between Ripple and the SEC while both sides wait for the matter to be resolved.
If Ripple wins the lawsuit, the value of the XRP coin is likely to increase. Notably, if the case favors Ripple, it would be regarded as a security in the United States and would likely have a different effect on price. It’s important to note that Ripple anticipates the legal battle to last until about November 2022. Both parties have traded charges throughout the contentious litigation, with Ripple Labs General Counsel Stu Alderoty accusing the SEC of failing to protect investors.
XRP may benefit from Ripple’s continuous global expansions to enhance cross-border payments regardless of the outcome of the litigation. For instance, Ripple just introduced its cryptocurrency on-demand liquidity (ODL) service in Brazil in collaboration with Travelex Bank.
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Here’s How Ethereum (ETH) Will Perform In The Month Of September!
In the last couple of days, the second largest cryptocurrency has lost its crucial trading level of $1,600 and had plunged to $1,400 levels. However, at the time of reporting Ethereum has slightly moved upwards by 5.03% over the last 24hrs and is trading at $1,555.
On the other hand, one of the analysts at Bloomberg put forth his technical analysis claiming that the lead altcoin will soon decline to $1,000 for the first time in two months.
One of the reasons that the analysts give is the increase in market volatility and many other factors that are pointing toward a correction. Among such factors is Ethereum’s price crunch below the 50-day moving average and this is the area that stands between bulls and bears. It’s also important to note that this is the second time that Ethereum has seen a breakdown from this level and this is not a good sign.
Ethereum Price At $1,000?
The next factor after the above-mentioned moving average is the stochastic metric. This is the indicator that differentiates between the currency’s present price and a particular price area of the earlier movement and this is used to know the future market sentiment. Now, as per Ethereum’s stochastic indicator, ETH will see a price decline for quite a period of time.
During such a bearish momentum, Fairland Strategy, an analytic firm, claims that it is expected that Ethereum will bottom at $1,000 in the near future. For Ethereum to fall at this level, the currency needs to drop by 35% from its current level.
Fortunately, given the effective testing of the Merge upgrade and the absence of technical problems, it is still not understood what can cause such significant selling pressure on Ethereum in just a few days.
The last time this happened, Ether lost about 40% of its value in a matter of days due to the UST disaster, which caused the market to consolidate for a month. Despite ongoing macroeconomic problems that affect both financial markets and virtual currencies, the sector is currently still generally quiet.