Crypto Price Predictions 2023 : Here’s What Popular Youtube Ben Armstrong Predicts
Crypto influencer Ben Armstrong, also known as Bitboy Crypto, recently shared his thoughts on the future of the cryptocurrency market, including concerns about potential regulations and his predictions for the prices of various cryptocurrencies.
Regulations Could Impact Crypto Usage
Armstrong warns that, just like with weed, the government could make it more difficult for people to use Bitcoin. If the government were to come out and declare Bitcoin illegal, it could have a significant impact on its usage in the United States. Armstrong also expressed concern about the possibility of Gary Gensler winning the SEC chair position, stating that it would be horrible for the crypto space if he brought all of the cryptos under regulation.
Armstrong also talked about his Ethereum bet, challenging Bitcoin maximalists who think Ethereum will be deemed a security to take him up on the bet. However, he clarified that the bet is not related to the Ethereum initial token sale, as that is not representative of Ethereum as it stands today.
Crypto Price Predictions
Armstrong predicts that if Bitcoin reaches $50,000 by the time of the having, it could be looking at a supercycle. He suggests that regulatory measures between now and the having could impact the market. Armstrong says that he and his team plan to provide a series of price predictions based on different price points, including $20,000, $30,000, $40,000, $50,000, and $60,000.
They will also be more conservative this time around to prevent people from getting their hopes up too high. Armstrong predicts that a $20,000 investment in 10 different coins, including Bitcoin (BTC), Cardano (ADA), Filecoin (FIL), Polygon (MATIC), Stellar (XLM), The Sandbox (SAND), Graph (GRT), Mina (MINA), Optimism (OP), and a $2,000 investment in each, could be worth at least $100,000 by 2025.
Popular Analyst Predicts Ethereum Price to Reach $2,000 – Advises Best Time to Buy
The Ethereum (ETH) market experienced a relatively high resistance level of around $1,700 in February after a rally of about 36 percent YTD. Fueled by high whale accumulation, the second-largest digital asset by market capitalization is aiming at $2,000 to invalidate the year-long bear market. After hitting its rock bottom below $1,000 in June last year, the Ethereum price has consolidated around the current range.
However, the Shanghai upgrade is nearing, which will initiate the withdrawal of staked ethers on the beacon chain. With the upgrade, some analysts argue Ethereum will record increased sell pressure as stakes fear the SEC crackdown on staking programs. On the other hand, some crypto analysts believe Ethereum staking will rise as investors can easily access their assets.
Irrespective, Matthew Dixon, CEO of Evai, thinks the crypto market could record a temporary drawback before continuing the rally following a tepid FOMC meeting and a robust United States GDP estimate.
Is Ethereum to $2000 Plausible?
The Ethereum price is well bolstered by the 200 moving average (MA) that suggests a looming breakout to $2,000. According to famous crypto economists Michael van de Poppe, the Ethereum price may retract to $1,600, but the rebound will push it to around $2,000
“Indeed, $1,600 is a great level for longing on Ethereum. Most likely, the trend will continue from here,” Poppe noted.
However, Poppe advised swing traders to have a stop loss of around $1,528 to huge surprises on the negative side.
A breakout toward $2,000 would mean Ethereum price has entered a multi-quarter consolidation period before officially commencing the next bull rally.
A Popular Analyst Believes Bitcoin Bullish Breakout is Imminent-But When?
Bitcoin price is trying to break out of the consolidation and rise beyond the crucial resistance at $23,400. Therefore, despite constant bearish interference, the star crypto stood strong and closed the day’s trade around these levels. A well-known crypto analyst, Rekt Capital believes that the BTC price may continue with its uptrend as long as its dominance maintains above certain levels.
The BTC dominance is rising and hovering within a descending parallel channel. Hence is believed to reach the upper resistance close to 46% if the uptrend is maintained. This may rise the price beyond the crucial resistance mentioned above. However, if the dominance levels fail to rise beyond 46%, then the BTC price may undergo a minor rejection followed by a sideway trend.
If the BTC price wants to ensure the highest chance of breakout, then it needs to hold above the crucial levels at $23,400 before the end of the present month.
“ To ensure a higher chance of breakout, BTC should ideally Monthly close above the blue $23,400 resistance.
Otherwise, BTC could set itself up for a dip inside this ~$20,000-$23,400 range (blue-blue) to consolidate here for a few weeks,”
Litecoin (LTC) Price
Further moving to the other altcoins like Litecoin, the analyst says that the lite version of Bitcoin is poised to surge and spark a rally towards the north soon. The LTC price after the recent breakout broke above the bullish flag and is trying hard to confirm the breakout while the monthly close is just round the corner.
“It is clear there is a very different reaction to LTC at these prices.
In the past, LTC would either fail a post-breakout retest from the green area (pre-2018) or fake-breakout (2020)
But this time, LTC has broken out from a Bull Flag continuation pattern,”
Popular Youtuber BitBoy Crypto Predicts Outcome Of Ripple Vs SEC Lawsuit
The lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is a significant legal case that has garnered a lot of attention in the cryptocurrency industry. At the heart of the lawsuit is the question of whether or not the cryptocurrency XRP, which was created and is sold by Ripple Labs, is a security subject to the SEC’s regulatory authority.
The XRP community is currently anticipating the ruling date as both parties have filed their final submissions. Here’s the most recent update on the case.
The XRP community is in support of a settlement.
Pro-XRP lawyer John Deaton commissioned a poll in advance of the decision asking the XRP community to share potential outcomes in the case. A majority, at 59.2%, thought the case would be settled between the two parties in the December 28 poll that received roughly 18,000 votes, while 40.8% chose the verdict option.
Will Gary Gensler Resign?
In a recent tweet, cryptocurrency enthusiast and content creator Ben Armstrong prophesied that 2023 will be the year the XRP lawsuit concludes and Gary Gensler, the head of the United States Securities and Exchange Commission (SEC), resigns.
According to Armstrong, Gary Gensler, the current head of the regulator, should be pressed to resign in the coming year. Similar requests were made earlier in the year on social media, even before the collapse of the cryptocurrency exchange FTX.
Gensler’s resignation has long been demanded by the public. The former Wall Street banker has been accused of corruption. The crypto community has regularly expressed its displeasure with Gensler. The SEC’s unwillingness to approve a spot Bitcoin ETF and Gensler’s repeated remarks on how digital assets should be regulated are mostly to blame for the frustration.
John Deaton, a pro-XRP activist and crypto lawyer, believes the case will be decided by a judge, rather than the pretrial settlement that many in the XRP community are hoping for. The possibility of crypto winning the lawsuit becomes dicier in the wake of such a result.
Deaton asserts that Gensler will not concede anything during the lawsuit and will not acknowledge that XRP is not a security. Such obstinacy could prove to be a significant impediment to a positive outcome for Ripple and XRP, not to mention Gensler’s resignation.
The lawsuit between Ripple Labs and the SEC has a lot of potential outcomes. However, only time will tell how the lawsuit is resolved.
Will Bitcoin (BTC) Price Hit ATH in 2023? Here’s What Popular Analysts Predict
This year has been difficult for cryptocurrency investors. Many are wondering if the situation will improve in the coming year. After the Terra Luna and FTX disasters, what are industry participants and new blockchain companies excited about for 2023?
In addition to a loss of trust in crypto, prices have declined due to rising inflation and interest rates.
What’s in line for Bitcoin in 2023? Here’s what experts say.
Crypto analyst and trader Jason Pizzino recently warned that it is not certain that Bitcoin will reach a new record high like it did in previous bull cycles.
In a video to his 279,000 YouTube subscribers, Pizzino stated that for Bitcoin to reach a new all-time high during the next bullish phase, it must reach a critical Fibonacci retracement level and surpass certain thresholds. Pizzino also mentioned that it is currently impossible to predict a new all-time high for Bitcoin.
According to his guidelines, a Bitcoin all-time high would be impossible until the price rises above $34,500, which would represent a 50% increase.
Can Bitcoin reach a new high in the next bull market?
Jason Says It Might Not Be Possible- here’s why.
Breaking the barrier: In order to substantiate his assertion, he stated that this is the Fibonacci level that corresponds to the 50% between the all-time high and the all-time low; and the all-time low for Bitcoin is essentially $0 at this point. Therefore, a deficit of $34,500 must be made up.
Return of Macro players: In addition, Bitcoin needs to break above its monthly swing tops in order to demonstrate that buyers are beginning to return to the market. For the macro players, that is going to be a significant point of confirmation.
If and when that happens, he predicts that there is a good chance that Bitcoin will reach a new record high.
The Worst-Case Scenarios
According to Pizzino, the first worst-case scenario for Bitcoin is if its price reaches $45,000 during the next cycle. It would be even worse if the flagship cryptocurrency bottoms out at around $15,000.
In this case, the second worst-case scenario would be a potential 200% climb from that low, which could bring the price to about $45,000, in line with some of the recent tops.
Bitcoin (BTC) Price To Hit $100K – Popular Analyst Bobby Lee Predicts Timeline
The cryptocurrency market still aspires to move past the mistakes of the past, despite the fact that 2022 was an eventful year with many tragic events. Many analysts had previously expected that bitcoin would reach a fat six-digit target by 2022, but it appears that they have since gotten impatient because of the current market scenario. However, finally, someone has addressed the failed $100,000 prediction for the largest cryptocurrency by market cap.
A veteran in the Bitcoin industry, Bobby Lee said that he does not consider himself to be a “know-it-all when asked about his failed $100,000 prediction for Bitcoin. In October of last year, Lee predicted that there would be an important rally fueled by FOMO that would send Bitcoin past the $100,000 threshold before the end of the year.
In an interview with CNBC, the veteran said, “Unfortunately after peaking out at $69,000, the bull market was over, and now we are in the deep of a crypto bear market…It’s unfortunate, but these are the cycles.”
When Will the Bulls Take Charge?
Similar statements were made by Lee towards the tail end of 2019 to commemorate the debut of his new Ballet bitcoin wallet. He claimed at the time that a price point of $100,000 was doable in a different bull market.
The king coin was trading for $46,406 on December 20, 2021, and it has lost more than 63% of its worth so far this year. Thanks to the Terra collapse, multiple bankruptcies, and the FTX fiasco. Bitcoin is still showing minimal to no change and is still below the $17,000 mark. Following its brief ascent to above $18,000 last week, bitcoin quickly reversed course and started to lose value.
Thus, uncertainty regarding the next prospective bull run hangs over the cryptocurrency industry. According to Lee, before the cryptocurrency market experiences another bull market run, this bear market will last until the beginning of 2025.
BTC Price 2023 : Prepare For An ‘Epic’ Bitcoin Bull Rally Soon, Predicts Popular Analyst
Since the fall of FTX, Bitcoin has been going through a difficult patch for the last few weeks. As of the time, this article was written, the value of the king cryptocurrency was $16,887 and had decreased by approximately 6% over the course of the previous week. what’s in store for BTC price 2023?
The Bitcoin price is exhibiting negative technicals, yet there is still an expectation for a Santa rally before the end of the year.
Analyst Shares BTC Price 2023 Outlook
A well-known pseudonymous analyst by the name of Inmortal has posted his analysis on BTC, stating that he expects the coin will have a major surge in the year 2023. According to the analysis of the analyst, a trend reversal signal is appearing on the three-day chart for bitcoin.
He went on to say that the Bitcoin market is seeing a massive divergence.
“It’s positive, but it isn’t a bottom signal. Price may continue to go down as the RSI makes higher lows.”
Inmortal predicts that Bitcoin will begin an epic rally in 2023, similar to the performance of Bitcoin between March and July of 2019 when the price of the largest crypto skyrocketed from roughly $3,000 to $14,000. His prediction is based on the fact that BTC bulls are gaining strength.
The Relative Strength Index (RSI) is a momentum indicator that may provide early warning of a significant change in the direction of an asset. When looking at the chart prepared by the analyst, it seems as if Bitcoin is developing a bullish divergence. This indicates that buyers are beginning to gather momentum despite the fact that the price of BTC is continuing to plummet.
The chart shared by the expert also demonstrates that Bitcoin has sparked significant price increases after displaying a similar signal in January 2019, October 2020, and July 2021.
The price of bitcoin is presently 3% lower than the price at when it opened for trading in December, which was $17,167. The token’s current price represents a 4.6% increase from its low point on Monday morning.
Although the counter-trend increase is a welcome sign, in the broader scheme of things, it seems as if the king cryptocurrency is positioning itself to experience more price declines in the days ahead.
A strategy known as a “countertrend” is one that involves making trades in the opposite direction of the predominant market trend in an effort to achieve profitable results.
Because Inmortal’s predictions have a mixed track record of being both accurate and inaccurate in the past, and because Bitcoin is a highly illiquid asset, we are unable to say for certain whether or not he is correct on this particular prediction, and whether or not Bitcoin will experience a significant price increase in the coming year. But that’s just my own perspective. Please feel free to share yours in the comments!
Popular Analyst Maps Next Levels For Bitcoin (BTC) Price
At the time this article was written, Bitcoin (BTC), the most prominent cryptocurrency, has been trading in the green for some time. Its value has increased by almost 7% in the previous week and by 2% in the past day, reaching a worth of $18,101.
The last week has been quite successful for Bitcoin (BTC), as the currency reached new monthly highs on December 13 as a wave of confidence spread across markets in response to inflation statistics from the United States.
Analyst Says The Worst Might Be Over For Bitcoin
Back in May 2021, a pseudonymous cryptocurrency analyst known only as Dave the Wave accurately predicted that Bitcoin’s (BTC) price would drop. Now, he is claiming that an indicator implies that the token may already have experienced the worst of the bear market.
The expert shares with his 131,700 Twitter followers that he is also keeping a close check on Bitcoin’s moving average convergence divergence (MACD), which is a momentum indicator that may or may not indicate a change in trend.
The weekly MACD for Bitcoin (BTC) continues to trade higher above a support level that, according to Dave the Wave, has previously marked the end of bear markets in 2015 and 2018.
The expert believes that the worst of it is behind us now based on BTC’s MACD. According to Dave the Wave, the emotion lurches erratically from depression at the bottom to euphoria at the peak, and the technical analysis helps to rectify these swings.
Furthermore, he forecasts a Bitcoin rise toward $19,000 after the king cryptocurrency exceeded its immediate barrier at $17,300. This prediction comes after the price of Bitcoin surpassed $17,300.
The level of $17,000 is a key level of support for BTC, and if the bulls can maintain their position above this level, then additional upward momentum is anticipated. The present value of the Relative Strength Index (RSI) is 66, which indicates that the market is still in the zone of being overbought. A bullish trend is indicated by the MACD indicator, which is currently located above the zero line.
Bitcoin Price 2023
There is no consensus between analysts about what the future of BTC will be like in 2023. Although some predict a rise in value, others believe it will continue to fall, maybe even below $10,000.
However, optimism for risk assets has been bolstered by Tuesday’s U.S. inflation data, which confirmed the Fed’s plan to ease its liquidity tightening. So, who knows? The next year can turn out to be quite prosperous for BTC.
It is also possible that it will remain under pressure since a number of mining companies are expected to fail, which would overshadow the improvement in macroeconomic circumstances. Personally, I think that investors should anticipate more gains.
EOS And Solana Are Two Popular Cryptocurrencies But Investors Are Panic Selling And Investing In Snowfall Protocol
Cryptocurrencies are all the rage right now, and there are a lot of them to choose from. EOS (EOS) and Solana (SOL) are two of the most popular options, but investors are starting to panic sell in favor of Snowfall Protocol (SNW) after its dApp prototype was announced.
So what is Snowfall Protocol (SNW), and why are people so excited about it? Let’s take a closer look!
Snowfall Protocol (SNW) is a first-of-its-kind cross-chain transfer ecosystem built for fungible and non-fungible tokens. It allows users to swap assets across the most widely used EVM and non-EVM compatible chains, providing interconnectivity that was previously unavailable.
By connecting EOS (EOS) and Solana (SOL), two popular cryptocurrencies, Snowfall Protocol (SNW) provides investors with an easy way to get exposure to multiple blockchains without having to open multiple accounts or move funds between them.
Furthermore, Snowfall Protocol’s (SNW) dApp prototype has generated excitement due to its ability to reduce friction in cryptocurrency transactions by streamlining transfers and eliminating centralized exchange transaction fees. This means that now, EOS (EOS) and Solana (SOL) investors can benefit from lower costs when exchanging coins across blockchains, making the process of diversifying their investments more efficient.
This is like how a draw bridge connects two sides of a river, allowing EOS (EOS) and Solana (SOL) investors to easily move their funds between the two blockchains and enjoy the benefits of both without any hassle.
Why EOS (EOS) and Solana (SOL) Investors Are Panic Selling
As siloed blockchains, EOS (EOS) and Solana (SOL) do not have the same level of compatibility that Snowfall Protocol (SNW) has. EOS (EOS) and Solana (SOL) investors are panic selling in favor of Snowfall Protocol (SNW) due to its seamless cross-chain asset transfers, which offers them a higher degree of flexibility when diversifying their investments.
Snowfall Protocol’s native token (SNW) has already witnessed a growth of more than 250% since stage 2 and the price is now $0.095. Stage 2 sold out one day early and stage 3 starts now – it looks like EOS (EOS) and Solana (SOL) investors are taking notice of this impressive progress and now realize that Snowfall Protocol’s (SNW) dApp prototype has the potential to revolutionize the crypto space.
It will be interesting to see how EOS (EOS) and Solana (SOL) investors react as they become increasingly aware of Snowfall Protocol’s (SNW) true potential. Make sure to check out the official Snowfall Protocol (SNW) website to learn more!
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Popular Analyst, Micheal van de Poppe Marks the Targets for Bitcoin Relief Rally!
Bitcoin price after being rejected at $17,000 at the beginning of the month has been attempting very hard to reclaim the levels at the earliest. Meanwhile, some analysts believe that, presently, there is no room for BTC to form the bottom. Therefore, the possibility of a rebound may be predetermined as the crypto space appears to have to prepare for a relief rally.
A top analyst, Michael van de Poppe, largely believes in the resurgence of the bullish trend soon. The Bitcoin price, which is settled at the lower support, is believed to rebound nicely and undergo a double rally to reach $50,000 somewhere by mid-2023.
The analyst marks the targets for the relief rally which is expected to begin anytime from now as the BTC price has reached the lowest levels for the first time in the past 2 years. To do so, the BTC price is required to clear the pivot levels around $18,444 initially and after sustaining at these levels, the rally is expected to climb high beyond $25,000 and secure levels close to $30,000.
However, the price has reached the lowest FIB levels and hence is believed to rebound nicely to test the upper levels very soon. Meanwhile, the bears are believed to remain passive and cause minor swings, but the bulls may continue to hold above the pivotal levels.
Therefore, as predicted by the analyst, Michael van de Poppe, Bitcoin’s (BTC) price is expected to soar to as high as $50,000 in 2023.
The Crypto BloodBath Has Just Begun, Prepare For The Worst – Warns Popular Economist
The economist who called cryptocurrencies a ‘scam; has predicted the future
At the end of October, the total market capitalization of cryptocurrencies was above $1 trillion; and today, it is just over $800 billion. The king coin, bitcoin, started to rise in October 2022, breaking through the psychological resistance level of $20,000 and even reaching the high of $21,500 at the start of November. However, at the time of writing, bitcoin is trading at $16,950 and there are no signs of recovery.
The impact of the FTX crash on the cryptocurrency prices is being discussed by crypto experts across the sector and on Thursday, economist Nouriel Roubini predicted that the “bloodbath” in the Bitcoin market had just begun. After a string of high-profile bankruptcy filings, Roubini is almost sure that the majority of bitcoin companies are now in danger of going out of business.
The largest cryptocurrency exchange by trading volumes, Binance, was compared to the FTX by a New York University professor last week, who said that Binance was much worse.
He made this assumption because Binance has not yet disclosed where its headquarters are located. Roubini also has a negative outlook on BNB, the native coin of Binance, and called it “scammy vaporware.”
The cryptocurrency market is a ‘scam’
Roubini also said in a different tweet on November 30 that corrupt spending is common among all cryptocurrency ventures operated by gangsters, adding that 97% of initial coin offers were scams that failed.
“Lavish spending is standard in ALL crypto projects. 97% of 20k ICOs were a scam &/or went bust. Billions raised was mostly used to buy villas, boats & planes in the Caribbean/Florida & pay for $500k champagne parties in Miami strip clubs, “massages” & evade taxes in PR/Caribbean.”
The expert had previously referred to crypto as “the biggest criminal heist in human history.” For many years, Roubini has been an opponent of cryptocurrencies. He referred to the entire cryptocurrency market as “a scam” in 2020.
Popular Youtuber Flash “Sell Signal’ for Solana Holders! Here’s Why
Solana has experienced significant losses; it has dropped below $15 this month and is now outside the top ten cryptocurrencies in terms of market valuation. In Bitboy crypto’s most recent tweet, he issued a warning, advising individuals with investments in Solana to sell their assets. BitBoy said that Alameda Research used some transactions to pressurize and launder money when the blockchain was down.
“Every time the Solana blockchain paused… it was actually Alameda Research laundering money and brute forcing transactions. There are other out there receipts. And if you think about it… knowing what we know now, does this surprise, anyone? If you are in $SOL, run for hills.”
On November 27, cryptocurrency commenter Altcoin Daily tweeted that Sam Bankman-trading Fried’s company, Alameda Research, has 13.25% of the Solana Coins that are now in circulation.
Due to a configuration error on a single node, the Solana blockchain had a network outage on October 1, 2022. SOL also experienced numerous network disruptions, which caused transaction delays of several hours. Austin Federa, the director of communications at Solana, rejected the value reduction because that is not how blockchain works.
Sollet Bitcoin in Trouble?
After FTX filed for bankruptcy, Sollet Bitcoin, a tokenized form of Bitcoin on Solana, lost its price peg to the main cryptocurrency. FTX was in charge of keeping the Bitcoin that supported those tokens, but according to November 10th balance sheet disclosures, the exchange had no Bitcoin on its asset side.
As of that time, the Solana Foundation is said to have held an additional $40 million in exposure to Sollet-based assets, including soBTC. It continued, “At this time, the status of the underlying assets is unknown.”
SOL reached an all-time high in November of last year $259. Solana claimed that its network has not experienced any notable issues as a result of the FTX fallout, despite the losses. There have reportedly been various outages on the blockchain in the past.
Popular Analyst Maps Bearish Targets for Polygon(MATIC), Dogecoin(DOGE) & Cronos(CRO)
The weekend appears to have slaughtered the crypto space, as most of the assets are bleeding heavily. The Bitcoin price made an attempt to reach lower support, while the altcoins appear to be under a substantial bearish influence. Meanwhile, a well-known analyst, il Capo of Crypto, defines new lows for Polygon (MATIC), Dogecoin (DOGE), & Cronos (CRO), and they’re approaching very quickly.
Cronos’s price has broken down from the lower trend line it maintained ever since the beginning of the 2021 trade. The price slipped down and reached the crucial support levels at around $0.1878. After a brief consolidation, the price drained heavily and may even lose the $0.1 support with the next leg down. Meanwhile, the analyst believes the price now may be attracted towards the next support levels at around $0.0555 to $0.065.
The crypto strategist believes, MATIC’s price is also due for a massive pullback that may drag the price lower by more than 65% by the end of 2022. With the next leg down that may happen any time from now, the Polygon price is speculated to drop heavily and hit the lower support levels close to $0.3. However, the analyst doesn’t have a clear view of the following rebound, and hence it may be believed that the price may remain consolidated.
Capo believes the DOGE price is approaching the final capitulation phase, where a drop of nearly 87% is quite possible. The asset has been maintaining a steep descending trend for more than a year, and hence the downward pressure is expected to intensify very soon. Moreover, with the next bearish action, the Dogecoin price may reach the levels it traded at the beginning of 2018 at around $0.014 to $0.01.
Collectively, Capo believes the crypto space is trading with a huge bearish influence and expects a major drop to appear at the earliest. He rightly predicted the 2022 crash much before, and hence the predictions for the above altcoins may also be held good.
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SBF Just Extorted Justin Sun for a Billion Dollars – Says Popular Youtuber Ben Armstrong
According to a Reuters report, Justin Sun promised to provide the troubled company with billions of dollars in aid in order to help it solve its rising difficulties. The impact of Justin Sun’s intervention on Tron was questioned given that FTX had already filed for bankruptcy. Crypto influencer BitBoy responded by alleging that SBF merely used Sun as a means of extortion to obtain billions of dollars.
In a more recent tweet, Bitboy claims SBF is trying to save the exchange by threatening to dump and depeg USDD unless Justin Sun provides support and liquidity. Notably, bitboy was the first to rightly identify Sam Bankman Fried; even before the information was made public, he called out the CEO of FTX and claimed he was about to destroy cryptocurrency.
David Schwartz, the chief technology officer of Ripple, tweeted that Bitboy “was warning us that SBF FTX was the devil even before there was good reason to,” with some speculating that Ripple may be making a U-turn about Bitboy’s application to work there.
This follows rumors that Alameda has been selling USDD to the exchange to boost liquidity after the native FTX token dropped 90% of its value, causing the stablecoin to depeg. At the time of publication, the USDD native to the Tron Blockchain was trading at $0.98, down 1.10% over the previous day.
Following Binance’s CZ disclosure of the exchange’s decision to sell its FTT holdings, the ensuing drama on Crypto Twitter resulted in a series of revelations that caused a wave of FTT selloffs that significantly impacted the asset.
Binance, which stepped in to help with a bailout plan that included a full acquisition, withdrew from the agreement after doing due diligence, which revealed a history of financial mismanagement and suspected investigations by US agencies.
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Bitcoin (BTC) Price Won’t Hit $300K – Predicts Popular Economist Mohamed El-Erian
Bitcoin’s price fell from its peak of $69,700 to the current average of $19,500. Investors were undoubtedly affected by this 72% price decline, especially those who chose not to liquidate their holdings.
As prices continue to move in a sideways trend, the excitement for an impending bull run has begun to fade.
In 2022, the market value of the cryptocurrency industry was over $2 trillion; it is currently about $900 billion. For most cryptos, that is a loss of -55% on average. On the other hand, the stock market did not have a great year either.
Numerous phases of appreciation and depreciation, known in the crypto community as bubbles and bursts, have marked the thrilling journey that Bitcoin has been on. The predictions for the price of bitcoin are generally subject to differing opinions among analysts.
It may reach up to $150K in 2025, according to some analysts like Wallet Investor. Alternatively, some estimate that the price of bitcoin will reach $100K by 2027, while others, like Digital Coin Price, are more pessimistic. However, BTC won’t reach the $200k or $300k levels, according to this economist.
Mohamed El-Erian, president of Queens’ College at the University of Cambridge and chief economist for Allianz, recently said that Bitcoin is currently experiencing the typical innovation cycle: after a boom, overconsumption, and overproduction. And also stated that the period is now ‘ending in tears.’
However, he also believes that cryptocurrency supporters should be happy with the current stability of Bitcon and cryptocurrency in general that the market has seen over the past few months.
He thinks the crypto market is much more stable currently than it was in the past. But he does not anticipate Bitcoin being a global currency or ever having a value of $200,000 or $300,000.
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Cardano (ADA) Price To Hit $1 With Vasil Hard Fork, Claims Popular Analyst
The crypto market witnessed two major events in 2022- the Ethereum Merge and Cardano’s Vasil Hardfork. On September 15, Ethereum successfully completed its merge which transformed the network from proof-of-work (PoW) to proof-of-stake (PoS). Now, all eyes are on Cardano’s upgrade which is focused on sustainability.
Meanwhile, a well-known crypto analyst and trader is of the opinion that Cardano’s (ADA) price action and the project’s fundamentals have a lot of differences.
In his latest strategy session, analyst Michael van de Poppe informs his 165,000 Youtube followers that with Cardano’s Vasil hard fork, there come huge opportunities. The Vasil hard-fork is expected to be launched on September 22nd which will raise the network’s scalability.
Massive Opportunity With Vasil Hard Fork
He explains that though most of the market participants are expecting to see a downfall after the upgrade, the scenario will be the opposite. As per the analyst, for Cardano, the price level near $0.32 and $0.40 is the area to keep an eye on as the currency shouldn’t lose this range. This is the price area that will act as support in the next trade cycle.
Van de Poppe further claims that there is no proper encouragement for the Vasil hard fork and the hype isn’t that level that will push the currency upwards. Hence, he believes that the upgrade will attract huge opportunities if the hard fork is introduced on a positive note which is expected to be similar to that of the Ethereum merge.
He then asserts that if the upgrade is successful, Cardano’s (ADA) price will see a positive move towards $1.00 after the event.
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Popular Analyst Lark Davis Believes Shiba Inu (SHIB) Price Can Never Hit $1
At the time of publication, Shiba Inu is selling at $0.000013 after a pullback of 1.23% over the last 24hrs. As the currency is making such a move, there could be an opportunity for shorting if the price drops.
If that happens, Shiba Inu’s price might see a fall of 27% and drop to $0.0000093. This will form a ‘Fair Value Gap’ (FVG) which will cause a further price drop to $0.0000083. However, SHIB can see a bull run if the currency manages to claim the $0.0000179 level with a gain of 95%.
Nevertheless, many market experts have put forward mixed predictions regarding the probability of SHIB reaching $1. Among them is Lark Davis, who has claimed that SHIB will not reach $1.
Shiba Inu Price Can Never Hit $1
Lark Davis explained his point via a Twitter post using a meme.
The meme currency, which was launched in August 2020, is currently trading at the 13th position after gaining levels above $0.000012. The overall SHIB supply is at 589.63 trillion, which is posing a huge hindrance for the currency to hit $1. However, if SHIB fails to move above $0.0000083, the currency will see a fall near $0.0000074.
On the other hand, as per the CoinMarketCap community, Shiba Inu will claim $0.00001106 by 2022.
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How Popular is Crypto Gaming in Japan?
Japan is home to a considerable number of cryptocurrency users and investors. In terms of the global trading volume of crypto, Japan is one of the largest economies in the world and continues to grow. In terms of crypto regulation, Japan leads the way and since 2016, Japan has officially recognised crypto as being a form of payment. Therefore, crypto is being used in Japan for all types of entertainment and products, including gaming. How popular is crypto gaming in Japan?
Legal Blockchain Gaming in Japan
It is always important to consider the legality of crypto gaming before playing games using the virtual currency in Japan. The Japanese parliament introduced a bill in March 2018, and this brought cryptocurrency under the scrutiny of the Financial Services Agency. The agency regulates all the investment and banking in Japan and that means the FSA oversees the legality and standards for crypto in the country. This applies to all legal crypto exchanges, so those who want to participate in crypto gaming know it is safe. The additional safety measures mean more people have been willing to try and adopt crypto gaming in Japan. Enjin Coin recently became the first gaming cryptocurrency to be approved by Japanese regulators and it has been approved in partnership with Hashport.
Mobile Crypto Gaming
Mixi, CyberAgent, and LINE are three of the major companies involved in mobile crypto gaming in Japan. However, thanks to the increased popularity in mobile crypto gaming, smaller mobile gaming companies have started to appear on the market, focusing specifically on crypto gaming. Ateam and KLab are two good examples of new mobile based crypto gaming companies and Mobile Factory have spent the last two years moving towards crypto gaming. Not only has the number of people playing crypto mobile based games increased recently but the traditional mobile gaming market is so competitive, companies are moving to crypto gaming in attempt to gain a foothold in the market.
Established Video Game Companies
Such is the increased popularity of crypto gaming, some of the biggest names in video game development in Japan have made the move into the industry. The best example is Bandai, a gaming company known across the planet thanks to the success of their video games. Konami and Capcom have also taken steps into the crypto gaming market but the two biggest names in Japanese video gaming, Nintendo, and Sony, have yet to take the plunge. My Crypto Heroes, Contract Servant, PolkaFantasy, and CryptoSpells are all example of popular blockchain based games.
How Gaming in Japan Can Benefit from Crypto
Gamers in Japan, especially online gamers, purchase additional content when playing video games. This has become one of the biggest ways for video game developers to make more money and for gamers to enjoy updated games. Financial transactions when gaming is not always easy but using crypto is instant, safe, and simple. This increased online security is a major benefit to the user experience and is responsible for other gaming sectors such as crypto casino online utilizing this tech for additional safety. Using the blockchain when playing games means all transactions will be recorded in a public ledger, which eliminates the chance of fraud. Another benefit of crypto for gaming in Japan is player anonymity because crypto does not require the use of accounts meaning privacy is protected. So, there are many ways gaming in Japan can benefit from crypto.