Bitcoin Leads a Market Pullback Above $26K- Here’s How BTC Price May Perform in Coming Week
In a world where economic uncertainties are rife, Bitcoin has once again proved its resilience, sparking discussions about its goals of a bullish rally. This week, the BTC price surged past the $28K milestone, buoyed by a positive Consumer Price Index (CPI) report that hinted at a recovering economy. The rally, however, was short-lived, and within a few hours, Bitcoin had dipped below the $26K mark. Yet, as the dust settles, Bitcoin is once again rallying, gaining traction amid economic chaos, and leaving traders in eager anticipation of a potential bullish comeback next week.
Bitcoin Faces Pressure from Sellers
The current downward rally in the BTC price chart has turned out to be profitable enough for short-term sellers as Bitcoin shows extreme volatility. Glassnode’s data reveals that the majority of short-term Bitcoin holders started making profits once the Bitcoin price eclipsed $25,200.
This suggests that numerous short-term holders were already in a profitable position, which could potentially urge them to liquidate their Bitcoin assets, possibly resulting in a price decline. The Spent Output Profit Ratio (SOPR), indicating that many Bitcoin addresses were selling at a loss, dipped below 1.
A SOPR value less than 1 signifies that more coins are being sold at a loss than a profit. This could hint at a potential market bottom, as it implies that most sellers who invested near peak prices have now divested. Nevertheless, the selling pressure experienced by short-term holders was not mirrored by those who had held their Bitcoin for longer periods. As per data from Santiment, the Market Value to Realized Value (MVRV) ratio has seen a considerable decrease in recent weeks.
This suggested that Bitcoin was no longer overvalued and that long-term holders lacked a strong motive to sell their Bitcoin assets.
What to Expect from the BTC Price Next Week?
On the 4-hour price chart, Bitcoin is showing support from bulls as the price has successfully recovered from $26K. BTC’s price is currently attempting to break above the EMA20 resistance level, which may drive the price further to a new resistance level.
As of writing, Bitcoin price hovers around $26,863, gaining over 0.8% in the last 24 hours. The asset continues to hover within a range-bound zone at $26.5K-$27K. However, bulls may gain confidence if the BTC price surges above $26.9K, as the asset may witness a spike in long positions near this level.
It is expected that bears may try to slump the price to $26.5K again in the next 2-3 days; however, a rebound is on the horizon by the next week as bulls are on their way to send the price above EMA50 at $27.5K.
BTC Price Stalls At $28K As Traders Eye Major Move! Here’s How Bitcoin Will Perform Next Week
Following the recent release of US job data, numerous BTC traders are anticipating a significant upward move. Over the past few days, Bitcoin’s price has displayed sideways movement, leaving investors eagerly awaiting a potential breakout in the coming week. However, several on-chain data points are now signalling bullish indicators, which may soon restore investor confidence and propel the price above the $30K threshold.
Bitcoin’s On-Chain Metrics Suggest Bullish Trend
Bitcoin’s price has experienced an impressive 30% increase over the past 30 days, reclaiming the critical $28K level. However, traders are now eagerly anticipating BTC’s next price leap to break through the $30K barrier.
On-chain indicators appear favourable for Bitcoin (BTC), even amid the leading digital asset’s sideways price movement this week, as reported by crypto analytics company Glassnode. Glassnode is closely monitoring the miner fee revenue momentum metric, which measures increasing demand in the BTC market.
The analytics firm indicates that the metric is currently displaying signals of increasing demand for Bitcoin. The firm stated that the 90-day Simple Moving Average (SMA) for fees surpassed its annual average recently, indicating that fresh demand is entering the market.
The firm revealed that, for the first time, the Open Interest in Bitcoin Options contracts has exceeded that of Futures contracts. Bitcoin Options contracts currently stand at approximately $10.3 billion, while Futures contracts amount to $10 billion.
Glassnode also noted that Futures Open Interest has remained relatively stable in 2023. The recent surge in Call options suggests that investors are speculating on a higher Bitcoin price in the future.
Moreover, another crypto analytics firm, Santiment, reports that Bitcoin traders are presently executing transactions at a loss at double the rate of profit, which the firm considers a positive development for the market.
Is BTC Price Approaching $30K Next Week?
Bitcoin’s value has hovered under the $29,000 mark in recent days, with experts expressing mixed opinions on its immediate future. Some analysts predict a potential increase to $30,000, while others contend that it may have reached a temporary peak.
A symmetrical triangle has emerged near $29,000 in the Bitcoin chart, indicating an equal level of uncertainty among bullish and bearish traders regarding the BTC’s upcoming price movement.
As of writing, Bitcoin trades at $28K, with an uptick of 0.37% from yesterday’s performance. Analyzing the daily price chart, bulls seem to have a slight advantage, as evidenced by the 20-day EMA ($27,465), which is trending upwards, and the relative strength index (RSI) above 55.
If Bitcoin surges above $29K by Monday, it may continue its surge and reach the projected bullish goal of $30K. However, a bearish reversal below EMA-20 will send the asset to test its support near $27K.
Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform
Crypto Banter’s Jonathan Fiorenza, a cryptocurrency analyst, recently shared his thoughts on the current state of Bitcoin and the cryptocurrency market. According to Fiorenza, Bitcoin is holding strong despite the chaos in the market.
He pointed out that Bitcoin is currently trading at $28,000, which is 5% higher than its lows during the recent Jesse Powell speech. He also noted that Bitcoin has formed a strong support level between $26,000 to $27,000, which he sees as a good buying opportunity.
However, Fiorenza has also warned that if Bitcoin starts closing below $27,800 within one-hour candles, there could be a possibility of further downside. He highlighted that there is a trend line on the one-hour chart, and if Bitcoin starts closing below it, there is a chance that it could come down to the $26,000 – $27,000 block.
Altcoin Distribution Expected Soon
Fiorenza then discussed the dominance of Bitcoin in the market and how it affects other cryptocurrencies. He asserted that the dominance of the king coin is currently at 48%, which he sees as a rejection area for the dominance to feed money back into altcoins. He explained that whenever Bitcoin hits the 49% mark, it has always resulted in a few weeks of altcoin distribution.
The expert believes that there will be a big distribution of Bitcoin into altcoins very soon, as he sees the current market push as a safety pump. He thinks that the big money is in altcoins, and has advised investors to load up on them once Bitcoin hits the $29,000 to $30,000 price range, which he considers his buy zone.
Fiorenza also spoke about Ethereum, which he thinks is a big cryptocurrency to watch out for. He noted that Ethereum looks strong, and he expects it to gain hype when its upgrade arrives. Fiorenza urged investors to prepare for a massive altcoin surge and be ready to make money. At press time, Bitcoin was worth $27,492 and Ether was exchanging hands for $1,743.
HedgeUp (HDUP) and Binance Coin (BNB) Expected to Perform Well in 2023
As the bear market continues to create havoc in the crypto space, new token releases are at their all-time high. More and more projects are joining the ranks, and HedgeUp (HDUP) is one of those leading the trend.
HedgeUp (HDUP) is a new crypto project that has taken the market by storm. Even in the presale stage, the platform has successfully gained holders’ trust.
Today, we will take a closer look at it, find out how it compares to Binance Coin (BNB), and find out why so many experts have tipped these two tokens to perform well in 2023.
Binance Coin (BNB)
Binance Coin (BNB) began as an ERC-20 standard token built on the Ethereum blockchain. It is the native token of the Binance ecosystem and powers the BNB Chain ecosystem.
BNB was launched in 2017 as an asset for users of the new exchange to pay fewer trading fees.
The BNB coin plays a vital role in the Binance ecosystem by powering operations. Among other things, the coin was designed to pay listing, exchange, trading fees, and other expenses users incur on the Binance cryptocurrency exchange.
Over the years, Binance’s role has expanded beyond just a digital asset exchange, and BNB remains an integral part of the Binance ecosystem. The coin has also come a long way since its launch as an ICO in 2017. Despite the recent hack and market downturn, its performance has been impressive. Binance constantly works on consolidating its market share in the crypto industry and creating new innovative projects.
With its investment in Twitter, one can look forward to new use cases for the BNB coin, making it a promising cryptocurrency in 2023.
HedgeUp (HDUP)
HedgeUp is building the first crypto NFT alternative investment marketplace and is a highly beneficial addition to the cryptocurrency sphere.
Investors can buy into fractionalized NFTs backed by HedgeUp’s extensive catalog of assets such as wine, fine art, diamonds, luxury watches, yachts, gold, and private jets. These assets will be fractionalized and available for users to access from the equivalent of $1 in HDUP tokens.
Users can buy a fraction or 100% of an NFT representing a specific asset. If they buy the entire NFT, they can have the assets delivered to their designated address.
In addition, token holders will enjoy many excellent features, such as exclusive access to equity NFT releases, launchpad, bonuses and staking rewards, online master classes, wallet, and banking.
HedgeUp offers unmatched transparency and long-term commitment to building a successful platform –and it shows.
For one, HedgeUp’s founders and the team have locked their tokens for 18 months, which is a testament to their commitment to the token’s safety and long-term stability. Moreover, investors can buy into HedgeUp confidently, knowing it has already passed a stringent audit with Solid Proof and CoinSniper with flying colours.
The presale of HedgeUp is happening now, and the token value is priced at only $0.013. However, many experts have predicted that the token will grow significantly in 2023.
Hence, any cryptocurrency investor looking for the most outstanding results should consider investing money in HedgeUp tokens.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
Binance Will Perform Tron Networks Wallet Maintenance, Polygon Launched a New Web3 ID Service, Understand The Market Better With TMS Network
Tron (TRX) is a decentralized platform based on its native protocol. Tron’s (TRX) protocol aims to offer blockchain support with high throughput. Tron’s (TRX) protocol also seeks to provide high availability and scalability for dApps in its ecosystem. Tron’s (TRX) decentralized blockchain can also be used for various tasks, including dApp deployment, token asset issuing, staking, and asset transfers.
MATIC is an Ethereum token that powers the Polygon network. Polygon (MATIC) aims for cheaper and faster Ethereum transactions with the help of sidechains. To use Polygon (MATIC), users need to bridge some of their cryptos to Polygon, and then interact with popular crypto apps that were once exclusive to the Ethereum blockchain. MATIC can be used to pay for any transaction fees, and also participate in PoS consensus.
The launch of TMS Network’s (TMSN) decentralized platform has brought about various benefits for traders. For starters, traders will have access to various digital assets through TMS Network’s (TMSN) platform. TMS Network (TMSN) will also allow for increased liquidity that will permit traders to execute quicker trades at better prices, thereby resulting in more profits.
All you need to know about Binance’s latest announcement regarding Tron’s (TRX) wallet maintenance
Binance recently announced that it would perform wallet maintenance for the Tron (TRX) network. Binance also announced that deposits on Tron’s (TRX) network would be temporarily halted till the maintenance is completed.
Binance’s maintenance would not affect withdrawals from Tron’s (TRX) network. Once the maintenance is completed, deposits will resume on Tron’s (TRX) network. At the time of writing, Tron’s (TRX) token price was $0.067.
Polygon’s (MATIC) new Web3 ID service announced
Polygon (MATIC) has recently announced that it is launching a new Web3 ID service. Polygon (MATIC) also announced that the service will be based on zero-knowledge proofs. Polygon (MATIC) has called the new service “Polygon ID,” on its Ethereum sidechain. Polygon’s (MATIC) new service will authenticate user credentials without revealing any personal information.
Polygon (MATIC) has stated that it will use ZKPs (zero-knowledge proofs) that will eliminate the need to upload sensitive information on the blockchain. Polygon (MATIC) will integrate this service into Polygon zkEVM, and will be released this month. Polygon’s (MATIC) token price doesn’t seem to have impacted positively as it fell almost 4.5% in the last 24 hours, and was at $1.22, at the time of writing.
Make informed decisions with TMS Network (TMSN)
TMS Network’s (TMSN) decentralized platform is ideal for traders of all levels. TMS Network (TMSN) has created a user-friendly platform that will be available on mobile devices. Traders can access TMS Network’s (TMSN) platform from any mobile device allowing them to access markets from anywhere.
TMS Network’s (TMSN) platform is eagerly awaited by traders, which shows in the increase in its token price which is up to $0.029. The developers of TMS Network (TMSN) have raised $500K in just 2 weeks, and the presale has sold out earlier than expected. This amount is in addition to the $2 million raised by TMS Network (TMSN) through a private seed sale.
For more information on TMS Network (TMSN), please see the links below:
Presale | Telegram | Discord | Twitter
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Collateral Network (COLT) Keeps Rising as Astar (ASTR) and SafePal (SFP) Perform Greatly
Investing in cryptocurrency can be a life-changing investment decision if you invest in the right digital assets. Some crypto assets are depreciating alarmingly while some are performing well in the industry.
Collateral Network (COLT), Astar (ASTR), and SafePal (SFP) are some of the crypto assets worthy of investors’ consideration, thanks to their recent appreciation. Collateral Network (COLT) has gained a reputation as one of the most promising presales on the market, with analyst predictions stating that COLT is set to see colossal 3500% returns by the time it hits exchanges.
Let’s see why COLT, ASTR, and SFP should be included in your portfolio as a cryptocurrency investor.
ASTAR (ASTR) Keeps Investors’ Hope Alive
Astar Network is a decentralized application (dApp) hub on Polkadot that supports a wide range of crypto-based technologies such as WebAssembly and Ethereum. Astar Network also supports layer-2 solutions such as ZK Rollups and others.
The team designed Astar Network as a multi-chain smart contract platform to support virtual machines and multiple blockchains.
Astar Network also addresses one of the challenges of using Polkadot. Unlike the latter, the former supports smart contracts, thereby expanding its use case. Astar also supports all developers by supporting Ethereum Virtual Machine (EVM) and creating a platform for WASM contracts and smart contracts to coexist.
ASTR is the Astar network’s native token. Astar (ASTR) has appreciated from $0.03272 per ASTR coin to $0.06093 per ASTR coin within four months.
SafePal (SFP) Appreciates Convincingly
In 2018, SafePal was launched as a cryptocurrency wallet to help users safeguard and protect their digital currencies. SafePal sers can choose either the software or the hardware version of the digital wallet.
The SafePal API manages these wallets to ensure its safety. No wonder that Binance invests in SafePal and backs it.
SafePal supports an array of digital currencies and leading tokens on Binance Smart Chain (BSC), Ethereum, and Tron blockchains.
The team revealed that SafePal’s users can perform numerous operations such as storing, managing, swapping, and growing their portfolios, without compromising their portfolios’ security.
The SafePal (SFP) token is the crypto’s It is currently valued at $0.6122 per SFP coin from $0.2674 per SFP coin just eight months ago.
Collateral Network (COLT) Keeps Rising to Investors’ Delight
Collateral Network is a crowdlending platform that offers users short-term loans by using their physical assets as collateral. Users are allowed to receive loans that are backed by non-fungible tokens (NFTs) against their physical assets from investors known as fractional lenders.
Collateral Network users can fractionally invest in the NFTs as a method of funding the loan for the borrower. This allows them to charge a fixed interest rate for their investment.
As more crypto lovers are investing in COLT, the token currently boasts over 1.4 billion coins in circulation. Although the token started at $0.01 per COLT coin, investors are optimistic that it will appreciate significantly over the next few months, and analysts agree – Predictions place COLT up over 3500% by the time the presale concludes..
Recently, COL, ASTR, and SFT have shown investors reasons to invest in them, thanks to their impressive performance in the crypto industry despite the recent dip that hit the industry.
If portfolio diversification is a part of your investment plans, consider adding these tokens in your portfolio for long-term gain.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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How ETH Could perform in 2023!
Ethereum continues to hold its crown as the largest altcoin. The digital asset continues to remain in the talks of the crypto market, despite the lukewarm response to the merger. While critics have been vocal about ETH’s short term price projections. Maximalists continue to back the largest altcoin. Ethereum has the largest market capitalization following the leader of all time The Bitcoin.
Will Ethereum emerge to stride to new highs anytime sooner? Or will ETH lose its crown to other potential cryptocurrencies such as polkadot’s price? The upcoming update on Ethereum Shanghai Hard Fork which is scheduled for 2023 may surge the price of the coin to greater heights. This write-up will get all your queries sorted! Buckle up as we decode realistic Ethereum price prediction 2023 – 2025 and the years to come!
Market Top Gainer 
After Bitcoin Ethereum has the highest value in todays market. It has always been on the watch list of every crypto head and investors. Bitcoin price prediction and Ethereum Price prediction has always been a concern as it plays a major role in this industry.
Overview
| Cryptocurrency | Ethereum |
| Token | ETH |
| Price | $ 1,527.4800 |
| Market cap | $ 0.0000 |
| Circulating Supply | 0.0000 |
| Trading Volume | $ 0.0000 |
| All-time high | $ 0.0000 Jan 1, 1970 |
| All-time low | $ 0.0000 Jan 1, 1970 |
Ethereum (ETH) Price Prediction 2023 – 2030
Eth is considered to be the largest alt coin of all time. In Ethereum market transaction are made in worth Billions each day and the demand is only increasing. Will Ethereum go up?
Market conditions are very volatile as of now. It’s mission is to make a world a better place for all living beings and is progressing on it day after day. Ethereum price prediction for 2023 could range from $1522.72 to $1866.79 for the year.
ETH Coin Price Prediction 2023
Ethereum developers recently concluded a meeting where they discussed on potential Ethereum Improvement Proposals into the Ethereum Shanghai Upgrade. Ethereum Shanghai Fork Upgrade is set to introduce a bunch of critical updates and changes to Ethereum in the blockchain’s EVM functionalities. Prior to the actual release.
The Ethereum Foundation released a pre-Shanghai testnet on 14 October, this year. The testnet is known as Shandong which will be used to test and finalize the Ethereum Improvement. That are expected to be rolled out in the actual Shanghai Update during the release.
If ETH finds steady rise in traders and investors, we can expect Ethereum price prediction 2023 to initiate on a bullish note. Which could drive in more alliances, adoptions, and investors. Wherefore, the price of ETH could end the trade for 2023 at $1866.79.
However, on a bearish note, the altcoin could end its trade for the year at $1522.72. That said, constrained by linear momentum, the average price might find its base at $1674.91.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 1522.72 | 1674.91 | 1866.79 |
Ethereum (ETH) Price Prediction 2024
ETH is dependent on POS, which is secured by hundreds of miners and database. Ethereum switched to a proof-of-stake mechanism in 2022 because it was more safe and secured. Whereas, Solana relies on POH, which involves a certain number of sequential computational steps that decide the time gap between two events and give the transactions a time lapse.
With the Solana network more secure, faster and cheaper when compared to Ethereum, Solana price has a potential to overtake Ethereum in the coming days as more number of people have started to adopt this over ETH.
The growing prominence of Ethereum could invite global recognition and roll out of ETFs and spot ETFs. This could welcome a wider audience, who could push the price to greater heights. Materializing which, this altcoin’s price could head towards its potential high of $2939.04 by the end of 2024.
On the other hand, if the bears out run the bulls, the price might slump to a minimum of $2411.36. Successively, an equilibrium in buying and selling pressures could land the price at $2595.99.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 2411.36 | 2595.99 | 2939.04 |
Ethereum Price Prediction 2025
If the Ethereum ecosystem focuses on boosting its ventures, concentrate on new projects, developments, and partnerships to enhance the network. With newer updates related to Ethereum 2.0 like abandoning the PoW. Moreover, if scalability is up to the mark, and ETH 2.0 becomes user-friendly, over the years. ETH Price is anticipated to hit its maximum of $4616.77.
However, in case of a possible crash due to any possible regulations, uncertainty may cause the altcoin to fall to $3796.66. That said, considering the bullish and bearish targets, the average price might settle at $3966.59.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 3796.66 | 3966.59 | 4616.77 |
Ethereum Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 5,566.77 | 5,713.12 | 6,610.75 |
| 2027 | 6,800.10 | 7,246.74 | 8,705.44 |
| 2028 | 12,613.01 | 14,482.48 | 16,410.87 |
| 2029 | 16,192.00 | 19,010.77 | 21,994.32 |
| 2030 | 20,647.23 | 23,563.01 | 26,575.21 |
CoinPedia’s Ethereum Price Prediction
Factors like successful transition to PoS and growing outreach could incline stars in favour of the protocol. With a boost to the sentimental belief of investors and traders. The price prediction of ETH could propel to $1866.79 by the end of 2023.
On the downside, increasing FUD amongst investors and lack of updates could curb the price to bottoms at $1522.72.
Market Analysis
| Firm Name | 2023 | 2024 | 2025 |
| Wallet Investor | $2336.717 | $3081.915 | $3818.209 |
| DigitalCoinPrice | $2,606.17 | $3,394.46 | $4,191.24 |
| Gov.Capital | $4063.963 | $7127.871 | $10222.73 |
*The aforementioned targets are the average targets set by the respective firms.
What Is Ethereum (ETH)?
Ethereum is a decentralized open-source blockchain underlining smart contract functionality. Ether is the native cryptocurrency created by Ethereum miners as a dividend for calculations conducted to protect the blockchain.
The network started to function on 30 July 2015. As of then 72 million coins were minted. This reports for about 65% of the total circulating supply in April 2020. The protocol works on the PoW consensus mechanism and will be transitioning to the PoS mechanism. This is expected to happen sometime by mid of 2022.
Ethereum was the very first programmable blockchain in the world. It is a decentralized application platform that runs on a worldwide, open-source platform. Ethereum was introduced in a white paper in late 2013 by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine. The technology is home to electronic money, applications, and global payments. Users can develop codes on the Ethereum blockchain, that can manage digital currency. And is accessible from anywhere in the world that allows users to send crypto to anyone for a nominal charge. The network also has its own native token for trading – ‘ETHER’, which powers the open-source programme.
Since Ethereum is programmable, it can construct a wide range of digital assets. Moreover, it supports the development of smart contracts. Successively, It’s a financing service, gaming, and software store that won’t steal or manipulate one’s personal information. Talking about its working, it runs on a system called the Ethereum Virtual Machine (EVM). It currently employs the Proof-of-Work (PoW) consensus mechanism. And will be transiting to Proof-of-Stake post completion of its merger to ETH 2.0. The initiative will counter the limitations such as gas fees, speed, and scalability. This will further invite a myriad of projects.
Historical Ethereum Price Sentiments 2016 – 2022
- ETH began rising in January and reached a price peak at $15 in March 2016.
- For Ethereum, 2017 was a bullish year as in the first two months. The Metropolis Fork launch pushed the price higher which happened in June, with the coin touching $400.
- Except for one brief spike back up to $816, ETH’s price declined all throughout 2018.
- In April 2019, the first upward trend began, Ethereum began to rise rapidly and hit $300 in June 2019 after the launch of Ether Zero Fork.
- Ethereum commenced its trade for 2020 with a trading price of $143.85. ETH rose to $268.07 by February 2020 but declined to $117.48 by mid of March amidst the outbreak of Covid-19.
- It soared to a record high of $4,380 on the 12th of May 2021. However, a crash on the 19th of May left the price at $1,782.52.
- On the 5th of September 2021 when the price skyrocketed by 70% to $4,000 after the announcement of Altair. Further, the price hit a new ATH of $4,637.59.
- The year 2022 started with a bearish trend. Following the Terra LUNA price crash, the entire crypto market crashed.
- On September 15, 2022, after years of development, Ethereum’s developers completed the Ethereum Merge which led to increase in price further more.
- FTX – CZ clash created another chaos in the market during Q4, reducing the market valuation including the ETH price
FAQs
Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability, and speed of the Ethereum network.
This upgrade will allow Beacon Chain staked ether (stETH) withdrawals.
Gas is the small type of work processed on the Ethereum network. Gas measures the amount of work to be done by miners in order to include transactions in Block.
The price of ETH might surge to a maximum of $1866.29 by the end of 2023.
Ethereum Shanghai Upgrade scheduled for the first half of 2023.
According to our Ethereum price prediction. The largest altcoin’s price could propel to a maximum of $4616.77 by the end of 2025. ETH is expected to cross the $26,000 mark with a potential high of $26,575.21 by the end of 2030.
With its dominance in DeFis, NFTs, and widespread prominence Ethereum will continue to hold the crown of the largest altcoin. With the merger with ETH 2.0, Ethereum’s hold would further grow stronger.
Yes, the Ethereum network will eventually welcome more projects to be built on its chain, following its merger. As it will also receive a host of improvements that will fundamentally strengthen the chain.
During the time of publishing, the price of 1 ETH was $1,528.21.
How will Bitcoin (BTC) perform in December? Look Out For These Crucial Price Targets
The trading of traditional shares closes later today, but the crypto market will continue trading over the weekend as the first week of December 2022 rolls around.
Notably, the volatility in the crypto market remains significantly higher than in the stock market. Nonetheless, the urgent and persistent question – to both swing traders and HODLers – is how far the Christmas frenzy will push the Bitcoin price and in which direction.
High-impact events, including the United States unemployment rate and the Canadian employment change, have occasioned the week. In addition to this, Wednesday’s speech by United States Federal Reserve chairman, Jerome Powell, revealed that interest rates would hike in December.
As such, market strategists forecast the crypto market will generally be in the green during this festive period, which is also substantiated by historical data from over the year; this leads to the possibility of the year closing around the $25k mark for the lead cryptocurrency.
Even this week, Bitcoin was able to accomplish $17k since hitting lows of about $15,599.
Bitcoin Price Targets for this Christmas
Bitcoin and the entire crypto market significantly felt the impact of FTX and Alameda’s implosion. Although former FTX CEO Sam Bankman-Fried claims the US entity is solvent, about 1 million global crypto customers have learned the hard way – not your keys, not your coins.
The Bitcoin market is on the precipice of welcoming heightened daily volatility this December following the recent breakout on the shorter timeframes. Prior to the FTX fallout, Bitcoin price strongly held the $18k support level. As such, market strategists think Bitcoin price may fall before rebounding in the coming weeks.
Should Bitcoin price capitulate below $10k, analysts suggest it may take longer for the crypto market to recover than prior bear markets. Moreover, according to a famous crypto analyst, Jason Pizzino, it is not prudent to invest in the altcoins market before the Bitcoin market shows strength.
As a result, the cryptocurrency community is closely watching the Bitcoin price action, mainly due to its worldwide recognition and popularity.
According to CryptoQuant’s top analyst, the current crypto bear market can be compared to the ‘dot com bubble’, which saw performing tech companies thrive in the subsequent decade. As such, the analyst says Bitcoin will survive due to its dominance and potential to be adopted by worldwide regulators.
Come the first quarter of 2023, market strategists forecast more crypto volatility as a continuation of the Christmas frenzy based on historical cycles.
Ripple (XRP) And Cardano (ADA) Perform Poorly As Plona (PLON) Donates 2% To Charity
Even though many investors are worried about the recent decline in the cryptocurrency market, the hope of blockchain technology still lingers in the atmosphere. The recently released cryptocurrency Plona (PLON) is renowned for its cutting-edge features enabling investors to own a fraction of some of the world’s most luxurious cars.
What’s the cause of Ripple’s (XRP) decline?
Ripple Labs developed Ripple (XRP) to lower the cost of inter-banking transfers, garnering a lot of attention. Ripple Labs designed Ripple (XRP) to be a more accessible, scalable, and quick cryptocurrency than any of its rivals in the market. Ripple (XRP), which has a market cap of over $16.5 billion, was dubbed “the King of Banking.” However, since Ripple (XRP) doesn’t operate according to conventional methods and instead uses a network of variants rather than a blockchain, it started to perform poorly.
Despite not being the first blockchain cryptocurrency to have its market value fall this year, Ripple’s (XRP) quick decline is certainly something to watch out for. The platform saw a worrying 36% drop from below 200-week SMA. After Ripple (XPR) increased its net supply from 40.46 billion circulating tokens to 46 billion in just two days, its market value immediately started declining. Following this deflation, there was a selloff scare, and XRP/USD plunged more than 50% and now costs $0.60 per token.
Cardano (ADA) is making an effort to bounce back from recent underperformance.
Cardano (ADA) was established based on peer-reviewed research and is regarded as the first proof-of-stake platform to apply tested techniques for application development. Some of the most well-known experts in the blockchain industry make up its staff of engineers. Cardano (ADA) is a cryptocurrency that uses technological breakthroughs to give its users the security and stability they need to run their decentralised applications.
Charles Hoskinson, a co-founder of Ethereum and the creator of Cardano (ADA), launched the cryptocurrency in 2015 to foster innovation and positive change in society. There is currently $13 million worth of 34 billion Cardano (ADA) coins in circulation. Cardano’s price has decreased by almost -10% over the previous week, which has left some investors wary. If you’re looking for a new cryptocurrency that crypto experts are hailing as industry-defining, you can consider other options like Plona (PLON).
Plona’s (PLON) revenue is anticipated to reach new heights.
One of the market’s most innovative, recently released crypto coins, the Plona (PLON) token, promotes fractional ownership through tokenisation. The platform enables its investors to own a portion of some of the most exotic cars in the world, starting from just $29. The team at Plona (PLON) is committed to demonstrating its dedication to the success of the Plona (PLON) presale stage, with plans to lock up liquidity for five years and contribute 2% of earnings to a charity of the community’s choosing.
In addition, Crypto experts predict that Plona (PLON) will generate a return of 3,000% by the end of January 2023, given the success of the platform in the market. In the crypto market, exotic car enthusiasts looking for a good investment should consider investing in Plona (PLON) token. After completing its audit with Interfi Network, a recognised auditing company in the cryptocurrency industry, the platform has been subsequently deemed a secure investment.
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.
Here Is How Bitcoin & Ethereum Will Perform In The Next Bull Run
The overall crypto market has plunged yet again, dragging all the large-cap cryptocurrencies like Bitcoin, Ethereum, Cardano, and Solana, among others, with it. The world’s first cryptocurrency, Bitcoin, has lost its key level of $20,500, but the bulls haven’t lost steam completely yet.
Currently, Bitcoin is selling at $20,146 after a drop of 2.99% over the last 24hrs. The immediate resistance lies near $20,200, and the support is positioned at $20,000. If BTC loses this level, then the currency might attract bearish momentum again.
On the other hand, a renowned crypto analyst and trader, Jason Pizzino, is observing the timeline for the crypto market bottom.
Bitcoin Price At $25k?
The first currency that the analyst picks to talk about is Bitcoin. He informs his 278,000 Youtube followers that there are very few chances for Bitcoin to drop below $10,000.
As per the analyst, if Bitcoin manages to claim the $23,000 and $23,200 area, then the currency can easily capture $25,200 as well. He then says that the area around $25,200 is where the bears have to keep a watch.
Next, the analyst talks about Ethereum and says that ETH is currently witnessing a positive trend and is unlikely to drop below $500. The strategist believes that Ethereum is flashing a strong bull signal as it is trading above the 50% Fib level. Thus, he urges his followers to not expect that the price would dip to $300-$400.
With this analysis, Pizzino effectively rules out the chances of Bitcoin and Ethereum- the biggest crypto assets- falling below certain levels.
At the moment, Ethereum is changing hands at $1,506 with a downfall of2.67 in the last 24hrs.
The analyst is of the opinion that once Ethereum moves out of this area, market participants will have to wait for an accumulation period. This price action will confirm that the bottom has arrived for the crypto assets and the brutal “winter” is finally over.
https://youtu.be/M90Tl_yquBM
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Here Is How Bitcoin, Solana And Cardano Could Perform
After the much awaited US inflation data for the month of September was out, as expected the crypto market was hit with another set of volatility, but on a positive note. This time market participants were taken away with joy after top cryptocurrency, Bitcoin (BTC) regained its key level of $19,000.
As the King currency surged other major altcoins like Ethereum, Solana, Cardano, XRP among others followed the trend. Currently, Bitcoin is selling at $19,676 after a leg up of 6.76% over the last 24hrs. Ethereum, Solana and Cardano have gained 9.67%, 11.12% and 5.75% respectively.
Meanwhile, a well-known crypto analyst and strategist is updating his target for Bitcoin, Solana and Cardano.
Bitcoin Price Is Uncertain
The analyst known as Jason Pizzino informs his 276,000 YouTube subscribers that after Bitcoin was hit with too many lower highs for nearly a week, the currency’s trend is unpredictable.
Though the King currency has regained its upward movement, it appears that the analyst is not that confident with Bitcoin’s price action.
Cardano (ADA), The Weakest
Next, Jason talks about Ethereum competitor, Cardano (ADA) where it refers to the currency as a weak horse after ADA hit a 20-month low. He further says that any bad news that’s related to Cardano will have a negative impact on its price action.
As per the analyst, if Cardano falls now, the currency will be worse than any other cryptocurrency as ADA is trading at new lows of $0.38. Hence, he calls it a weak horse.
At the moment, Cardano is selling at $0.38 with a jump of 6.33% over the last day.
Solana (SOL) Price
Lastly, Pizzino discusses Solana (SOL), another Ethereum competitor and claims that Solana is on a similar trend as its with Cardano. However, he notes that Solana has not dropped as much as Cardano.
Currently, Solana is trading at $31.61 after a climb of 11.19% over the last 24hrs.
Before the analyst winds up his analysis he compares Ethereum, Cardano and Solana and asserts that among these three Cardano is the weakest and Ethereum is the strongest.
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Caution Ahead! Here’s How Ethereum (ETH) & Bitcoin (BTC) Will Perform In October
There was a strong bearish sentiment that grew throughout September and Bitcoin’s price has had a difficult time sustaining itself above the $20,000 psychological support level.
All eyes are looking for greener price charts for the leading cryptos in the final three months because Ether (ETH) and the majority of altcoins are in the red or on a range bound trend.
Technical indicators have provided a signal about what to expect in October despite the extreme volatility in the cryptocurrency market, here are few of them.
There was a decrease in blockchain demand and the entire cost of using a blockchain shows both the demand for and willingness to pay for it. Just under $30 million was generated by Bitcoin network fees over the past quarter, down from $42.9 million in Q2 2022.
Ethereum fees, on the other hand, fell even further, from $1.29 billion in Q2 to $264 million in Q3, representing a 79% quarter-over-quarter decline (q-o-q).
Net flows also showed that, in contrast to BTC, where mood was neutral, ETH had a more positive position. Over the $192 million in net outflows from Q2, Bitcoin saw small inflows of under $50 million into controlled exchanges. For the fourth consecutive quarter, over $1 billion worth of Ether (ETH) departed exchanges, while Q3 outflows were $57 million lower than Q2’s.
BTC bulls may not visit soon
A major price increase looks far away without a good pump from whales and retailers. Whale metrics from Santiment showed that, as of press time, there was neither significant whale accumulation nor large utility in BTC.
BTC whales with between 100 and 10,000 BTC in their possession are still dumping. 3.5% of the supply at these important addresses has been transferred to addresses with less bearing on future price changes throughout the course of the past year.
Another 0.4% of BTC’s supply was disposed of just in September. An important pattern to look out for in October is would-be whale accumulation.
Another troubling indicator that emerged from a check at BTC financing rates is that traders are gradually longing more and more when the price doesn’t fall.
Once the longs are sufficiently elevated, another dump occurs, traders briefly try to short, but eventually give up and start to long once more.
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Presale star, Flasko (FLSK), is predicted to perform better than TamaDoge (TAMA) and Big Eyes (BIG)
Meme coins are digital currencies based on internet jokes known as “memes,” which typically include a mascot. These tokens’ blockchains are often Bitcoin or Ethereum.
Big Eyes Coin (BIG) is a fresh meme coin that has joined the market in response to Dogecoin (DOGE), one of its predecessors. TamaDoge (TAMA) and Big Eyes Coin (BIG) use the Ethereum blockchain.
However, Flasko, a new cryptocurrency, is projected to outperform TamaDoge (TAMA) and Big Eyes (BIG) in the next few months.
TamaDoge (TAMA) is performing well but not enough for its investors
TamaDoge (TAMA) is a meme token that drives a Tamagotchi-inspired play-to-earn game. The TamaDoge token is based on the Ethereum blockchain and may be used to play a game where players can climb the leaderboard by accumulating doge points.
However, only the person with the most doge points after the month will receive their prizes. TamaDoge (TAMA) has only promised to sell 50% of its tokens via presale, but Big Eyes Coin (BIG) has committed to selling 80%. TamaDoge (TAMA) would presumably want to reserve more for future events rather than have more available for the community.
Big Eyes Coin (BIG) investors are saving the planet while earning from its investment
The Big Eyes Coin (BIG) is fresh in the market. Big Eyes Coin (BIG) is a community-owned currency based on ‘cuteness,’ with 80% of its tokens accessible to the public via presale. They also show concern for the community by guaranteeing that their tokens are 100% secure with Solidity Finance.
Along with caring for their human community, they extend a helping hand to the animal community by donating 5% of their tokens to ocean-saving NGOs. This goal will also benefit their Big Eyes Coin (BIG) community by joining the fight against climate change and saving our planet.
Flasko (FLSK)
Flasko was developed to give people access to an NFT marketplace that allowed them to invest some of their earnings in expensive whiskey, premium champagne, and fine wine. Premium investors have access to three levels of investment options within the protocol.
The first phase of the presale is underway, and the token is currently available for $0.04. Those who invest now will benefit from the highest earnings and returns on investment.
After clearing its audit, the smart contract is approved as a risk-free investment with a 33-year liquidity lock. Also, for the first two years, the team will be unable to sell any tokens.
Following a thorough analysis, we believe Flasko is one of the top investments for 2022 and a reasonably safe trading option. Leading cryptocurrency analysts anticipate a rise of around 2,000% by December 2022.
You can participate in the presale by selecting one of the websites below.
Website: https://www.flasko.io/
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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How Will Cardano Price Perform Ahead Of The Vasil Hardfork?
Cardano’s Vasil Hard Fork, which is scheduled to go live on September 22, aims to improve the functionality, performance, and scalability of the network. Currently, the ADA price also appears to have risen a bit, which may be due to the rising sentiments ahead of the fork which is just a couple of days away.
The fork is all set to bring out new features & capabilities like Plutus V2 Scripts, Diffusion Pipelining, Script Collateral adjustment, Reference inputs, Inline datums, Reference scripts, Datums & redeemers, etc.
As the event is fast approaching, the ADA price received significant boosts that assisted the price to rebound as it had reached the bottom close to $0.45.
Presently, the ADA price is swinging within a symmetrical triangle and has just risen above the lower support. Woefully, the bulls appear to be exhausted to a large extent and hence, the price is heavily consolidating within narrow ranges. If the price manages to rise beyond the crucial 50-day MA levels, then the chances of the price breaking out from the triangle & surging could be high.
On the contrary, if the Cardano (ADA) price drops back towards the support, it may rebound again to reach the apex of the triangle. Here, if the bulls gain momentum, the price could eventually break above the triangle. Else, the price may continue extending the apex of the symmetrical triangle by consolidating within parallel ranges.
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Here’s How Ripple’s (XRP) Likely to Perform in the Coming Days?
The post Here’s How Ripple’s (XRP) Likely to Perform in the Coming Days? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The seventh largest cryptocurrency by market cap, XRP, is currently witnessing a pump-and-dump pattern- similar to several other assets.
At the time of publication, XRP Price is changing hands at $0.35 with a drop of 0.88% over the last 24hrs.
In June, Ripple’s XRP had formed a support level at $0.39 and since then, this has been playing the role of a key resistance area. Recently, the currency was trading between $0.30-$0.41 along with forming a mid-point at $0.36.
In August, the XRP price was maintaining its range at $0.39 for almost two weeks, but the bulls failed to push the price above this area and it plunged.
Will XRP Surge Beyond $0.39?
The technical indicators showcase a sudden turn of events during this bearish trend. The RSI has climbed above 50, depicting a strong positive outlook for the next 48hrs. Meanwhile, the Accumulation/Distribution (A/D) moved towards the important resistance area, but this won’t help the currency to hit the $0.39 area. However, this suggests that a surge could be possible in the next two days.
Interestingly, even XRP’s Chaikin Money Flow (CMF) moved past +0.08 indicating huge buy activity.
These developments point to the fact that there is a demand for XRP and the bulls are gradually trying to enter the market. However, a move past the key resistance might not happen soon.
XRP has faced a barrier several times while the currency was trying to trade above the resistance zone; if it finally manages to accomplish this, Ripple’s XRP will easily hit $1.
On the whole, market participants need to display patience for some more time as it will take a while for XRP to see a positive trend line.
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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Here Is How Ethereum (ETH), & Other Altcoins Are Set To Perform
A closely followed crypto analyst and trader has come up with his prediction for Ethereum (ETH) and other three cryptocurrencies.
The analyst who is called as Michael van de Poppe informs his 624,300 fanbase on Twitter that the funding rates have come down ahead of Ethereum’s upcoming transition from proof-of-work (PoW) to proof-of-stake (PoS).
As per the analyst, Ethereum funding rates have declined massively while Ethereum price is rising. Traders and investors are waiting to short ETH as they are expecting that the Merge will fail. Also they feel that this is a bear market rally and the currencies will drop in the days to come.
Van de Poppe provides a chart that was created by Quincy Diepeveen which gives us the data of the ETH funding for the whole 2022. The latest stats depicts that the funding is negative.
Moreover, the strategist claims that most cryptocurrencies are heading towards testing their resistance area once the market enters a recovery stage following the weekend drop. This will also see Ethereum price trading above $2,000.
Van de Poppe believes that there is a recovery seen in the markets and ETH is about to hit $2,200 as the Merge is just around the corner. The analyst expects Ethereum price to continue its price surge even when Bitcoin hitting $19,000 is not clear.
At the time of writing, Ethereum is selling at $1,544 after a drop of 2.88% over the last 24hrs
Fantom (FTM)
Next, the analyst talks about Fantom (FTM) and hopes that this Ethereum competitor will continue its positive price trend. The currency had recently plunged towards $0.40.
Then he says that Fantom should surge above $0.29 to hit the target of $0.35
Currently, Fantom is trading at $0.265 with a fall of 6.58% in the last 24hrs.
Theta Network (THETA)
The next altcoin that has caught the attention of strategists is Theta Network (THETA) which is a peer-to-peer video distribution network. This altcoin has been trading downwards below $2 since the May crash.
The analyst predicts two key level resistance for THETA and they are $1.20 at first and this is followed by $1.60. He says that it’s either fall or reclaim for Theta Network.
At the moment, THETA is valued at $1.14 with a downward trend by $3.99 in the last 24hrs.
SKALE Network (SKL)
The last currency in the analyst’s list is Skale (SKL), Ethereum scaling solution. According to Van de Poppe Skale is awaiting a push after which the price will see a breakout.
At the time of publication, Skale is changing hands at $0.047 after a plunge of 5.56% over the last day.
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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.