XRP Price Flashing Bullish Signals for the First Time In 18 Months-Will it Reach $1 Now?
XRP price underwent a notable upswing in recent items which were fueled by the rumors of the Ripple vs SEC case being settled on paper. The price soared high to hit $0.45 and reached very close to $0.5. Woefully, the bears quickly jumped in action but failed to drag the price below $0.4. However, the price appears to have awakened after quite a long time and hence may lay down a significant upswing soon.
According to a crypto analyst and a veteran trader Egrag Crypto, the XRP’s price is a ‘sloping’ wake-up line sitting around the $0.38 price range and a close above this range may spark a notable rally towards the north.
Egrag’s analysis considers a sloping wake-up line that has been cleared by the latest weekly candle of XRP. It flashes a massive bullish flag as the price has marked a notable upswing after 100 weeks ever since the token collapsed from the local top of $1.83 in April 2021. Although the price attempted to recover the losses, yet experienced a series of rejections.
Besides, the XRP price is closely following the BTC price trend and hence may trigger a notable rebound in the coming days.
It is quite evident that XRP is overdue to gain some ground on BTC and considering the past scenarios, it can be determined that the price may soon begin with a healthy upswing. However, like the recent price action where-in the bears quickly jumped in and slashed the price lower, a similar action may also be expected in the coming days and hence a close observation of the events that impact the XRP price needs to be closely monitored.
Is Dogecoin Dead? This is When DOGE Price May Reach Above $0.1
Dogecoin price was trading within a decisive phase, which was broken down during the first few days of the month to mark the lows around $0.063. However, the bulls quickly jumped in and prevented the price from dropping toward the crucial support below $0.06. Despite a rebound, the price of Dogecoin continues to stumble at $0.076, falling short of hitting the interim highs at $0.08.
The recent attempt by Dogecoin proponent Elon Musk, who also owns Twitter and Tesla, also appears to have had a moderate impact on the price. The price jumps only 4% as he mentions crypto in a proactive tweet.
The Dogecoin advocate and tech billionaire, Elon Musk, mentions a fee to enter Twitter headquarters and have an office tour. He asked to pay in DOGE, which of course resembles a joke tweet as he said the charges could be 3 DOGE.
After the tweet, the Dogecoin price did print a massive green candle, rising over 4% to reach $0.0785. But the very next candle dragged the price lower, which was carried forward. The price received a significant buying volume, which was further settled over the next couple of hours. At the same time, a huge transfer was recorded of about 930 million DOGE, which was moved to other wallets, equivalent to $71.9 million.
Presently, the price has slashed below $0.077 as the bulls are attempting very hard to hold back the rally above the support. However, the RSI and MACD are flashing bearish signals, due to which the DOGE price may face an interim pullback soon.
XRP Price Prediction: Here’s Where the Price May Reach Before the End of H1 2023!
XRP price broke above the crucial descending trend in the past few days and surged beyond $0.4 to approach the critical level of $0.5. Meanwhile, the bears quickly jumped in to extract some profits but failed to drag the price below the support at $0.4.
Presently, the buying volume has surged heavily, due to which the price has been able to make a fair rebound back above $0.45. The mounting bullish momentum currently appears to prevail for some time, which may lift the price above historical highs soon.
All began when Ripple in its defense foreshadowed a positive outlook in the case against the US SEC. In their new filing, rulings on SEC objections in the Voyager Digital Holdings bankruptcy case were referred. The judge rejected the SEC’s objections and endorsed many of the arguments that were presented by Ripple before. XRPArmy appeared to be joyful and reacted to the rumors of the case already being settled on paper.
Hence, a major spike was witnessed, which is now considered to be just the beginning. A popular XRP proponent, CryptoBull, believes the price to surge beyond $25 in May 2023, which presently appears to be more hypothetical than practical.
The crypto enthusiast refers to the previous patterns followed by the token since the beginning and believes, XRP to be at the foothill of a massive explosion. Each time, the price drops hard and marks the bottom, a notable rally kicks in, raising the price levels that head towards a new ATH.
Hence, Cryptobull believes that similar price action is likely to occur at the moment as the price is displaying the possibility of a bullish breakout.
The recent upswing was fed by rumors of the end of the 2-year-long Ripple vs SEC lawsuit. Now that the judgment is scheduled for the next few months, a more aggregated rally is expected to occur. No doubt the XRP price may reach above $1 and may also surge to reach 2021 highs or even its ATH. But marking the highs beyond $25 in the next few months appears to be the unworkable job for the token at the moment.
Insane Predictions for XRP Loom Over the Crypto Space: Will XRP Price Reach $589?
XRP is one of the major tokens in the crypto space and hence is believed to kick-start a fine upswing very soon. As the Bitcoin price kicked off a notable upswing and formed highs beyond $28,000 recently, the speculations of the star crypto hitting a million began to loom over the markets.
In the meantime, the $589 target has again gained significant attention from the XRPArmy while some of the more popular analysts present the basis for the speculation.
Bitcoin’s recent jump beyond $28,000 sparked optimism among other investors, while industry giants continue to predict the BTC price will rise to $1 million in 90 days.
This speculation sparked the argument about why the Bitcoin price target is not considered insane. Recently, David Gokhstein made a case for XRP’s following the $1 million target for BTC.
Meanwhile, Gokhsteim dismissed the narrative that Bitcoin may reach its target or not, at least in the next 90 days. XRP, on the other hand, is gaining more traction as a good platform for cross-border payment and hence is believed to explode once the CBDC hype resurfaces. Considering the current stands, the XRP price is trading under a notable bearish influence and is believed to remain for some more time ahead.
As mentioned before, the XRP price is forming constant higher highs and lows, maintaining a notable descending trend. The price is further believed to drop below $0.35 or may even test the lower support at $0.33, post to which it is believed that the price may trigger a rebound and reclaim the levels above $0.35 initially and may also hit $0.4 in the coming days.
Here’s When Ethereum Price May Trigger a 25% Rally to Reach $2000
Ethereum price has been bullish ever since the beginning of the year but has undergone minor swings, lower compared to that of Bitcoin. While BTC price soared by more than 45%, ETH price managed to rise by 30%. Now that the star crypto is believed to ignite a fresh bullish wave, ETH price is assumed to undertake a trend reversal. The price is believed to spark a bearish wave which may drag the price slightly lower.
The ETH price has rallied nearly 30% in the past 10 days, which appears to have set up a trap for the bulls. The bewildering trend, which was mainly due to the bearish divergence witnessed on the momentum indicators, kept the investors away for a while and compelled them to enter after some time, due to which, they may feel the heat very soon.
The price has risen above the interim resistance at $1777, but it appears that it may soon lose its grip over the bull market. Therefore, a drop may be triggered that may drop the price toward the lower support level close to $1600. However, this may offer the opportunity for the traders to enter, which may induce significant buying pressure that may trigger a notable rebound in the coming days.
With a rebound, the price may quickly rebound and rise beyond $1900 initially, which may pave the way for the asset to test the psychological barrier at $2000. However, the price may face a couple of hindrances but the bulls may make hold the price and ignite a fine upswing soon.
On the contrary, if the ETH price fails to hold at the support levels close to $1600, then a notable drop may compel the price to drop below $1500 which may invalidate the bullish thesis,
Chainlink-The Next 100xGem Altcoin, This is Where LINK Price May Reach by the End of Q1 2023
The past weekend appeared more fruitful as the Bitcoin price soared beyond $28,000, uplifting the entire crypto space. Although star crypto is undergoing a minor correction, the resurgence of a strong bullish trend still prevails.
In the meantime, the traders have shifted their focus to one of the top altcoins, Chainlink. The LINK price has surged by more than 25% in the past week, which flashes the possibility of becoming one of the top 100x gems in the near future.
As the price of the altcoin is gaining momentum, the whales smelt the impending upswing. Therefore, a rise in the new address is witnessed, accumulating more than 2 million LINK tokens worth more than $18.5 million.
These 30 addresses are holding huge amounts of LINK, which may refer to the whales, who hold nearly 1% of the entire circulating supply. A healthy whale accumulation is considered a bullish indicator that signals the upcoming bullish trend. Therefore, it may compel the market participants to jump in and accumulate more.
The LINK price has been consolidating hard within a pre-determined range for quite some time, and with a recent rebound, it is believed the price will rise beyond the interim highs of $7.89. The RSI is rising and is expected to surge beyond $9 as the buying volume has accumulated heavily.
Collectively, Chainlink, which is called the oracle of the blockchains, indicates to become one of 100x gems within the crypto space. The upcoming upswing may raise the price beyond a 2-digit figure that it has failed to do so in the past 10 months.
XRP Price May Reach This Level Next 2 Months! Right Time To Stack More?
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While the crypto space spike as the US banks collapsed, XRP maintained a stagnant trend without undergoing a massive surge. Therefore, now that the majority of the cryptos are consolidated XRP price continues to trade along the same levels. It appears that the XRP bulls have not yet utilized their strength. Once they begin, the price could spike massively marking new highs for 2023.
Amid the recent price movement within the crypto space, nearly 2 billion USDT has been minted which indicates that the crypto space continues to grow. New USDT is usually minted to accommodate the huge demand for the cryptos which appears to be taking place now. Considering the XRP price, the RSI & MACD have just turned bullish and hence the price is expected to rise beyond $0.7 in the next 2 -3 months.
A popular crypto trader TARA, shared the next target for the XRP price, according to which it may spike high beyond $0.5 by May 2023.
“Next Stop for XRP is $0.57! This should line up with BTC Wave 3 at $35.4K. Wave 3 likes to extend, especially if we get heavy volume… bullish targets can reach as high as $0.83 on this Wave!,”
Collectively, all the altcoins are expected to go higher or a bit lower in the coming days which is pretty much unlikely. Whenever some things are poised to go long, they usually crash a bit which is now withnessed with the XRP price. Hence a significant upswing may be in-line with the token for the next couple of months.
Ripple Vs SEC Lawsuit May Reach The Supreme Court Before Congress Takes Action
The Ripple case, which has been in the district court for some time, may reach the U.S. Supreme Court before Congress creates a regulatory framework for the crypto industry, according to famous crypto Attorney John E. Deaton.
The founder of CryptoLaw expressed this view on Twitter, following indications that the United States Securities and Exchange Commission (SEC) had no plans to slow down its accelerated crypto enforcement efforts.
While the case would first need to go to the circuit court of appeal before it can be taken to the Supreme Court, Deaton’s view highlights the potential for the case to drag on for some time.
Speculation Mounts Over Outcome of Ripple and SEC Case
The Ripple case is being closely watched by the crypto community, with many eagerly awaiting the summary judgment expected by the end of March. United States lawyer Jeremy Hogan recently suggested that presiding judge Analisa Torres may have already determined whether XRP is a security.
Hogan made the conclusion after noticing that the judge cited the securities law case Marine Bank v. Weaver at least three times in her most recent ruling while discussing the perspective of XRP holders who bought the cryptocurrency.
The ruling excluded the SEC’s top expert witness, Patrick Doody, who was tasked with analyzing the expectations of XRP buyers, but allowed Ripple’s experts on the differences between Ripple’s contracts and those in the Howey case, the tax treatment of XRP, the accounting treatment of XRP, and currency experts on XRP to remain on the record.
Potential Implications
The Ripple case could have significant implications for the wider crypto industry, particularly in the United States. As previously reported, Ripple has faced accusations from the SEC that XRP is a security and, therefore, subject to regulation.
If the court ultimately determines that XRP is not a security, it could pave the way for other cryptocurrencies to avoid being subjected to the same level of scrutiny. However, if the court upholds the SEC’s position, it could create significant hurdles for other cryptocurrencies and startups in the industry.
This is Bitcoin’s Trading Strategy for the Next Few Months: – Will BTC Price Reach $30,000?
The crypto space was slashed hard following the collapse of the crypto-friendly bank, Silvergate. For the first time in four months, the token experienced one of the largest single-day drops of nearly $1200.
However, the descending trend appears to have come to an end, as the price is now trading sideways near the newly gained levels of $22,300.
The BTC price, currently appears to have stuck within narrow ranges, but may soon leap long to reach the higher targets in the coming months.
Bitcoin has been trading in constant wave patterns since before, and if the pattern continues, it may slide to the bottom. Once the price tests the lower support, a catapult action may raise the price to a level that could be close to the required target of around $50,000 in a short while from now.
The BTC price reached the previous highs again and faced rejection. Despite the price continuing to consolidate, it flashes the possibility of going high in the coming days. The global reversal of the BTC price chart can be assumed due to the ‘Inverted head & shoulders’ pattern.
March is expected to be extremely volatile as multiple macroeconomic indicators like the CPI, Fed rate, etc. Moreover, more than 140K BTC could enter the markets.
Therefore, the medium target for the Bitcoin (BTC) price is around $40,000 to $42,000, which is expected to happen sooner or later.
Besides, the BTC price is also believed to be witnessing extreme pressure that may prevail for the entire crypto space if a small group of traders wish to make profits.
This may intensify the possibility of a potential growth in the coming years that may mark new highs soon.
Top Reasons to be Bullish on Ethereum-ETH Price Could Reach $2000 by the end of Q1 2023
Ethereum’s price has been trading quietly without making huge noise and within a very narrow trend. Ever since the price rose beyond the pivotal levels at $1500, the trend remained consolidated between a very narrow range.
However, the direction of the upcoming trend remains hazy as an equal brawl between the bulls and bears is currently taking place.
Despite all the odds, a couple of reasons do point towards the resurgence of the Ethereum bull run very soon.
When looking at the trend line, the “bump and run” strategy that signifies the reversals that may occur suggests an event may be in line.
Besides, the indicators like moving averages indicate that the ETH price carry a huge potential for an upside correction. Previously, the bear market was confirmed when the price had lost the 100D MA levels.
Presently, the ETH price is trading right on top of these levels, which have been secured after more than 400 days of consolidating below them.
Hence flashing extreme bullish signals in a short while from now. With a bullish breakout, the Ethereum (ETH) price is believed to reach beyond crucial resistance at $1800 initially and later may attempt to rise beyond $2000.
Bone ShibaSwap (BONE) Listed on Gate.io: $BONE Price To Reach $3 in March?
The governance token for the Shiba Inu ecosystem, BONE, has seen a significant surge of over 43% in the past 30 days, reaching a trading value of around $1.94 on Friday. The upcoming launch of Shibarium, the layer 2 network for the Shiba Inu ecosystem, has brought more attention to the BONE token as it is set to be a utility coin.
According to the latest market data, BONE has a market capitalization of around $449 million, making it one of the top three meme coins by market cap.
BONE Token Listed on Gate.io Cryptocurrency Exchange
With the anticipated growth of the Shiba Inu ecosystem, Gate.io cryptocurrency exchange has recently listed BONE, which already has about 10 million registered customers. The exchange is looking forward to the Shibarium launch, where users will be able to stake their BONE tokens as validators and earn passive income.
BONE Token Price Action and Predictions
As the success of Shiba Inu’s parent blockchain heavily influences the price of BONE, the token’s increasing market demand and limited supply of about 250,000,000 tokens suggest more potential gains in the future.
However, the BONE price is retesting its last August’s all-time high, which may result in a correction before continuing the rally. CoinCodex, an on-chain analytics firm, has updated its price prediction for BONE, estimating that the token could reach close to $3 by the end of March 2023.
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.
ShibaArmy Prepares for Shibarium Launch: Will Shiba Inu (SHIB) Price Reach $0.00002?
The Shiba INU (SHIB) price has surged by more than 100% since the beginning of 2023, while it has also experienced a drop of more than 16% at the moment. The price is currently trading within a decisive phase and appears to have approached the apex of the consolidation which may further ignite a fine upswing shortly.
Besides, the excitement over the release of the Shibarium is mounting; it is expected to be released somewhere in the coming week. The increased sentiment has strengthened the SHIB price rally, which has risen above the popular memecoin Dogecoin.
The DOGE price has currently slipped by 2.95% from the average levels while the Shiba INU price continues to hover above 13%.
The SHIB price is going parabolic at present but has yet to reach the neckline of the consolidation. Therefore, it may continue with the ascending consolidation and may reach $0.000017 by the end of the month.
Here, the bulls are expected to maintain some strength and prevent the bears from dominating the rally. In such circumstances, the price may rise above the resistance or else may remain consolidated along the same levels and eventually test the lower support.
Shibarium is believed to flip the sentiments of the market participants as the ShibArmy is extremely bullish on SHIB posts to the launch.
However, the network upgrades and forks have not fueled the bullish sentiments of the popular tokens in the past. Therefore, a minor possibility of buying the rumor and selling the news is also expected with the Shiba INU (SHIB) price.
Insane Predictions for XRP Price by Analyst-Says May Reach Double Digit Figure Soon
The crypto markets are sluggish today as most of the tokens have maintained a narrow trend. Popular cryptos like Bitcoin, Ethereum, Cardano, XRP, etc have raised slightly but are failing to surge beyond their pivotal resistance. The main reason behind the sideway trend is speculated to be the recent Fed meeting where-in a rise of 25 bps was introduced. As the chair, Powell was largely hawkish, and the traditional markets along with the crypto space reacted moderately.
As said, major altcoins including XRP are trading within a narrow range which illustrates the ongoing accumulation phase. Although the price is believed to break above the consolidation at the earliest, some of the proponents believe the price to rhea beyond 2 digits very soon.
The proponent believes that the XRP price may surge and achieve price levels between $7 to $17 after the Ripple vs SEC lawsuit is settled.
The pseudonymous influencer says that the settlement may involve the burning of half of the Ripple escrow tokens. However, he believes that the situation is ‘purely hypothetical and barely feasible’.
As per him, the SEC may demand to burn half of the escrow reserve as a settlement to the ongoing lawsuit. Therefore, after the settlement, the influencer believes that the XRP price could rise beyond $7.4 and may achieve Ethereum’s market capitalization and may reach Bitcoin’s market cap if it makes above $17.
Polygon (MATIC) Price Prediction – Will MATIC reach $2?
The cryptocurrency market is constantly evolving, and one of the most talked-about digital assets over the past few months is Polygon (MATIC). The project has generated a lot of interest from investors and developers looking to capitalize on its immense potential. Whether MATIC will reach $2 has been on the minds of many investors and enthusiasts in the cryptocurrency world. With a host of new and exciting partnerships, Polygon is looking to revolutionize how people interact with the blockchain. But will this be enough to propel MATIC to $2?
Will MATIC Reach $2 in 2023?
Based on the analysis of the price history and factors affecting the price of MATIC, MATIC can reach $2 in 2023. It is due to its increasing popularity and the partnerships it has secured. This price prediction also hinges on Polygon’s progress on the launch of its zkEVM mainnet, as this will further cement its place as a leading Layer 2 scaling solution. If the project can progress on both the tech and the marketing fronts, we could see MATIC reach $2 by the end of February or March.
Covo, a Polygon Based Token, gained around 85% in the past Weeks
Covo Finance’s native COVO token has seen a surge in price over the past few weeks, climbing around 80% in value. This increase in demand for the token can be attributed to the low-fee structure and innovative liquidity pools that Covo Finance offers. COVO token holders are rewarded 30% of the platform’s generated protocol fees in Matic tokens and esCOVO tokens, which can be staked or vested to earn more COVO tokens. In addition, the platform’s focus on safeguarding users’ funds while providing trading solutions has made it a popular choice among DeFi traders and investors. With the option to leverage trade BTC, ETH, and MATIC with up to 50X, Covo Finance can offer traders a way to maximize their profits and manage risk. As the popularity of the Polygon network continues to grow, the demand for COVO will likely continue to increase, further driving up the token’s price.
Price History of MATIC
Polygon was launched in 2017 as a utility token for the Polygon (MATIC) network. MATIC’s initial price was $0.0026, which remained relatively stable for the first few years. However, the price began to rise in 2020, reaching an all-time high of $2.62 in May 2021. Since then, the price has fluctuated, with a low of $0.60 in July 2021 and a high of $1.86 in November 2021. As of February 19, 2023, the price of MATIC is $1.52.
There are multiple reasons why some experts are predicting Polygon (MATIC) will reach $2 shortly. One of the main reasons is the strong investor interest in Polygon DeFi Ecosystem and interest from fortune 500 companies to build on the Polygon blockchain. Polygon has also seen impressive growth in daily NFT trading volume, and experts predict it could reach a 2$ price soon.
Several large companies have announced partnerships with Polygon, which has massively boosted its popularity and credibility. Companies such as DraftKings Inc., Starbucks, Siemens, Adobe, and Foxconn have announced partnerships with Polygon, which has significantly boosted the project. These notable names have made it easier for Polygon to gain traction in the market.
Polygon has been gaining traction in the DeFi space, with many decentralized exchanges, lending platforms, and other DeFi applications migrating to Polygon. In this article, let’s talk about the price history and factors that may affect the price of MATIC in the future and make a prediction about whether it will reach $2.
The increasing number of DeFi projects migrating to Polygon and the rising demand for MATIC could drive up the price in the future. Additionally, the network’s scalability, fast transaction times, and low fees make it an attractive option for users and developers, which could further increase demand for MATIC.
Crypto Analysts Michael van de Poppe Predict Massive Bitcoin Price Rally to Reach $40k
According to renowned expert Michael van de Poppe, Bitcoin (BTC) is showing signs of a major price surge in the near future. This is because it’s currently trading above a critical level.
Expert Outlines How BTC Could Rally to $40k
At the time of this writing, the price of Bitcoin was $22,726, much lower than the resistance level identified by Van de Poppe, which is $23,200. Even though the expert claims he still expects a pullback near $21,700, he admits that Bitcoin trading activity is rising. This indicates that momentum is on the side of BTC bulls, which means that the top cryptocurrency may skyrocket to $40,000 by June of this year.
According to the expert, a break over $23,200 would almost certainly accelerate Bitcoin to $25,000, which is the level of the next immediate resistance level. Van de Poppe is of the opinion that there is a significant possibility that the current level will be swept to extract liquidity but that this may provide a fantastic chance to buy in.
The trade volume for Bitcoin is now at $40.7 billion, and its price has decreased by 2% in the last twenty-four hours. Bitcoin is currently rated number one, with a market capitalization of $438.2 billion.
In the event that Bitcoin’s price drops below its present level, the token may drop even more to a projected target of $22,100, which is supported by an ascending trendline. According to the technical analysis findings, selling pressure is rising, as shown by the RSI and MACD indicators. Because of this, the value of Bitcoin might reach a new low of $22,050 in the near future.
The 50-day exponential moving average suggests that the king cryptocurrency may encounter resistance close to the level of $23,250, even though the trend is still bullish. If it goes higher than $23,250, the price might go as high as $23,500, which would indicate that there is the possibility of a rise in value. Let’s watch and see the direction BTC moves.
Korean Officials Reach Serbia in an Attempt to Hunt Do Kwon
A group of South Korean government representatives has reached Serbia in an effort to find Do Kwon, the co-founder of Singapore-based Terraform Labs, the parent firm of the crashed stablecoin TerraUSD.
After the South Korean government issued an arrest warrant for Kwon, this was carried out. It should be mentioned that Interpol has a red alert out against the founder of Terra, therefore he is also under their jurisdiction.
Bloomberg reported that the government representatives traveled to Serbia last week to ask for assistance in the search for Do Kwon. A senior Justice Ministry official apparently accompanied the delegation.
The possibility that Do Kwon might be hiding out in Serbia was discovered in December. Early in December, Serbian police were requested to turn over Do Kwon to South Korean prosecutors who claimed he was “in hiding” there. According to the authorities, he traveled from South Korea to Singapore around the time of the disaster before departing for Serbia through Dubai in September.
Notably, Kwon’s South Korean passport has been canceled, making it impossible for him to leave the country from where he is right now, at least theoretically. He and several other Terraform executives have arrest warrants, and Interpol has issued a Red Notice requesting that international police authorities detain Kwon.
Kwon has repeatedly denied running away. The founder, however, has been relocating over the past few months, first from Singapore to Dubai and then to Serbia. Since South Korea canceled his passport in October 2022, the rest of the community is baffled as to how he has been able to travel.
The former founder said on his Twitter account on February 1 that he had done nothing illegal and denied having hidden cashouts or stealing money at a time when rumors about his whereabouts were already circulating.
Dogecoin on the Edge of Massive Explosion! Will DOGE Price Reach $1 This Bull Run?
Dogecoin, the 9th-ranked asset, has jumped more than 10% at the moment and is heading strongly towards the crucial levels at around $0.1. Interestingly, the DOGE community appears to have activated as the trading volume has jumped over 200% to reach $1.5 billion, largely dominated by the bulls. The price is currently discovering new highs for 2023, displaying the possibility of a continued upswing ahead.
The DOGE price is in the process of breaking above the falling wedge, which is largely considered bullish. The price after a breakout may rise beyond $0.11 levels and test the crucial resistance at $0.14, slicing through the pivotal zones at $0.12. In the meantime, the DOGE price against BTC is testing some crucial zones.
As per a popular analyst, Bluntz, the DOGE/BTC price is all set to undergo a massive breakout that may ignite a 100% upswing throughout Q1 2023.
“Admittedly doge/usd looks like a hot fucking mess to my eyes but doge/btc OTOH looks gearing up for a revenge pump of probably 100% or more.
Would be negligence on my part if I did not have a bag of this,”
Dogecoin is one of the first altcoins to bounce back which is trading within crucial levels at the moment. These levels have been acting as a barrier for almost a year and holding beyond these levels could lay down a notable upswing beyond $1 as predicted by an analyst Captain Faibik.
Following the speculation of a massive upswing, Dogecoin whales became active and transferred nearly 450 million tokens for $40 million. The top 20 wallets swapped a token to an unknown wallet with a fee of 1.01 DOGE worth $0.09. Collectively. Dogecoin’s (DOGE) price is believed to maintain a notable upswing in the near future.
Cardano Price Could Reach $0.5 by February 2023, but There’s a Catch!
The world’s most popular crypto Cardano’s price trend had been under acute criticism for quite a long time. However, ADA prices surged at the beginning of 2023 and rose by nearly 65%. Therefore, it is believed that the token will rise above the odds by forming a crucial support area to start trading higher highs and lower lows within an ascending trend.
After reaching the first target at $0.385, the bearish action began to intensify, which created enough selling pressure on the asset. Moreover, the resistance collides with the crucial 200-day MA levels, which are restricting the bulls from surpassing these levels. However, the price continues to hover around these levels and attempts to breach these levels at constant intervals.
The current trading set-up indicates the possibility of experiencing a notable pullback that could hit some pivotal levels soon.
As mentioned in the above chart, a huge volume of ADA, nearly 4.37 billion, was bought by 73.14K addresses between the price range of $0.367 and $0.379. Therefore, it is quite evident that the asset has formed a crucial support zone within these ranges and if the trend breaks down these levels then the fear of huge liquidations may mount.
Also, the whales have been redistributing ADA ever since the price marked highs above $0.38. Nearly 31 addresses holding 100,000 to 1,000,000 have liquidated their holdings as per the data provided by Santiment. Therefore, the selling pressure may drag the price slightly lower, but if the bulls manage to hold within the above-mentioned levels, then a significant rebound may kick in.
Besides, the market sentiments are bullish, and the platform is about to launch the much-awaited stablecoin Djed in collaboration with Coti. This is believed to re-fill the bullish market sentiments that may help the ADA price rise beyond $0.4 in the coming days.
Peter Schiff Claims Bitcoin Shall Never Reach $100k, Gets Trolled
Peter Schiff is a businessman, investment broker, author, and financial analyst from the United States. He is the CEO and chief global strategist of Euro Pacific Capital, a foreign market investing firm. Schiff is well-known for his bearish views on the US economy and the Federal Reserve, as well as his criticism of government spending and economic intervention. He has also been widely critical of cryptocurrency.
He believes bitcoin is considerably closer to its ceiling than to its floor. The yellow line that was earlier considered support is now considered resistance. The wise course of action is to sell now because the upside potential is so small and the downside risk is so great.
However, BTC has performed exceedingly well since his prediction and has grown 27%.
Peter Schiff continues hating on BTC
Schiff continued to despise Bitcoin despite the fact that his recent price gains must have made him look ridiculous for encouraging $BTC HODLers to “drop Bitcoin.” Essentially stating that he anticipates “the entire rally” to reverse and for the price of Bitcoin to plummet below where it was at the start of its rally, Schiff once more advised people to sell.
Additionally, Schiff added that he does not expect ever recommending that people sell their Bitcoin after it reaches the $100K mark since he thinks it is “unlikely” that it would ever reach this price.
He continues to receive trolling as a result of this tweet. Some have highlighted the recent growth, while others have referred to him as a joke due to all of his inaccurate predictions. They have questioned his credibility due to his numerous errors.
Bitcoin Outlook
Numerous optimistic forecasts have attested to the potential that Bitcoin would rise to unprecedented heights in the near future. Although the most popular digital currency is still well-known for its high level of overall volatility, many think the present trading setting and its technical indications are evidence that additional price upshoots for the coin may be on the way.
In the past, there have been many incorrect predictions made regarding Bitcoin, but Peter Schiff might find comfort in the knowledge that sometimes even optimistic projections are wrong.
With a trading volume of $26,535,531,497 USD, the price of one bitcoin is currently $22,648.61 USD.
Why is Bitcoin Going Up Today? Will it Reach $25,000 Before the End of January 2023?
Bitcoin price is rising today as the bulls uplift the price beyond the crucial resistance at $23,000. The price was stuck up around $22,850 for a couple of days and marked a bullish retracement after accumulating enough strength. Undoubtedly, the bullish momentum appears to have been revoked but the possibility of a bearish pullback has not waned off.
BTC Price Analysis
The current outlook for Bitcoin appears to be constructive but a short-term retracement may still be on the cards. Bitcoin price is following the Wyckoff Dynamics, according to which Bitcoin has successfully completed the test phase of the pattern. Considering the wave patterns, the token may soon surge to reach the Sign-of-strength (SoS) mentioned in the chart below.
These levels are considered to be paramount as the BTC price may complete the Wyckoff Dynamics which may be a great milestone of the year to set up a significant upswing thereafter. However, to do so, BTC price may undergo a slight pullback below $22,000 and further maintain a consolidated trend below these levels.
The pullbacks may certainly not prevail for long as the price is believed to remain consolidated within a narrow range to accumulate gains and explode towards the next levels. A popular analyst, Kaleo, believes that the BTC price may be due to the final bear trap that could slash the price close to $22,200.
Despite a bearish pullback, the analyst believes the price may rebound quickly after the plunge as the price could receive a bullish push to reach levels beyond $24,500 in the next few days. Therefore, the Bitcoin(BTC) price which has ignited a firm upswing is believed to remain within the bullish influence until it reaches the crucial resistance at $25,000. However, these levels have not been tested for quite a long time and hence the possibility of a bearish interference may be evident.
Ethereum Price Holds $1500-Flashes Bullish Signals to Reach $1600 During Next Bullish Move
Ethereum price struggled finely around $1600 with an intent to clear these levels at the earliest but the fresh bearish action destroyed the bullish momentum. After reaching the higher resistance close to $1610, the price began with a fresh decline.
The move failed to respect the support zones between $1580 to $1550 due to the lack of bullish momentum at these levels which assisted the bears to slash the price below $1545.
The second-largest crypto was trading above the pivotal 100-EMA after rebounding from the recent lows below $1500 at around $1480. However, the fresh plunge slashed the price below these levels in the hourly chart.
Therefore, a minor consolidation may be expected for a while between $1512 and $1548 which may assist the bulls to accumulate some strength.
The impending resistance is around $1550 which is close to 0.5 FIB levels of the recent decline from $1610. However, after a notable upswing beyond $1560 a notable upswing may begin that could enhance the possibility of surging back beyond $1600. If the bulls keep up their strength then a notable upswing may be expected close to $1650 which could be further escalated close to $1700.
However, the upswing may be certainly hindered by the bearish action which is expected to drop at frequent intervals.
If the ETH price fails to clear the interim resistance at $1550, which appears likely, it could again lose support at $1500 and reach $1480. Failing to sustain at these levels may intensify the bearish action towards $1435 and later at $1400.
Crypto Market Analysis: This is How Bitcoin Price Managed to Rise from $16,500 to Reach $21,500!
Bitcoin price is currently appearing to be extremely bullish as the price levels have surged beyond $21,000. Until the end of 2022, the price remained under an extremely bearish influence which was flipped on the very first day of 2023.
Considering the current trade setup, it appears that the bullish momentum was induced to prevent the BTC price to mark new lows. But will the induced momentum hold the price high? If yes, then for how long?
The crypto verse is well acquainted with the control price action and the present price rise is believed to be one among them. Bitcoin and Stablecoins are the most traded assets every day, sharing more than 50% of the volume. However, the circulating supply of the stablecoins has dropped heavily during the times when BTC prices consolidated within a very narrow range.
A popular analyst, tedtalksmacro, discovered the correlation between the drop in the stablecoin reserves and the rising BTC price.
“Intersting divergence between Bitcoin price + USD stablecoin supply has appeared.
Seems that USD stabelcoins were swapped heavily for BTC between November – January and that led to decreased stablecoin supply and set the floor for BTC,”
Therefore, now when the speculations of a programmed rally hover over the star crypto, the possibility of a significant plunge also emerges. Hence the market participants can be more cautious and keep a close watch on the Bitcoin (BTC) price movement.
Bitcoin to Reach Beyond $32,000 During the BTC-Halving in 2024! Is the Bull Market in its Early Stages?
Bitcoin price maintains its bullish streak as it recorded a notable spike of nearly 7% during the past trading day, rising the price levels beyond $19,000. While the price underwent a minor rejection and dropped below these crucial levels, the probability of resuming a decent uptrend appears to be imminent. Moreover, the bull run still appears to be in its initial stage and may consume more time than required to gain the required pace.
After the crypto markets withstood multiple tremors throughout 2022, the majority of the cryptos appear to have become more stringent. Bitcoin price after the parabolic recovery from the losses incurred due to the FTX collapse shed light on its potential and also contradicted the predictions of a 4-digit figure by the mid of Q1 2023.
However, only in case of an extreme bearish event, wherein yet another huge platform collapses, BTC price may still go to that level, which is largely unlikely at the moment. One of the popular analysts, Plan B who was stuck up with his prediction, has now emerged with a fresh timeline for the star crypto.
The analysts, much before the beginning of the 2021 bull run predicted the BTC price to reach $100K in the near future. Meanwhile, while the bearish action prevailed within the space, he continued to propagate his idea and his prediction.
Presently, he believes that the prices may reach beyond the upcoming Bitcoin halving which is scheduled to happen somewhere in April 2024. Post to which, the upswing may turn into a bull run that may escalate the price beyond $100K
Besides, the fear of the revival of the bearish trend still continues as the monthly RSI is still oversold and has not reclaimed the previous bear market values of 2015 & 2018. Therefore, even if Bitcoin is turning macro bullish, it’s still a very early trend as a couple of pullbacks may be registered in the coming days.
US CPI Rates Today -Will the Bears Restrict the Bitcoin (BTC) Price to Reach $19K?
The year 2023 appears to have activated the bulls as the crypto markets print more green candles. Bitcoin price has been recording bullish closes every day since the start of 2023, including a couple of corrections, that have outspread the bullish wave within the crypto space. Moreover, now that the prices have inflated above $18,000, the market participants now wait for the star crypto to reach beyond $20,000.
While many analysts believe that the upswing could prevail for another couple of months, some of the indicators point toward the dreadful days approaching fast.
A top analyst Peter Brandtt believes that Bitcoin price may not undergo a steep upswing from now. Maintaining an ascending consolidation, the BTC price may rise high in the coming days and re-test the ATH levels in the later 2023 to early 2024.
The analyst believes that the Bitcoin price is following the X-advances multiple times, due to which the upcoming trend of the token is predictable. He referees to the gigantic upswing after an extended consolidation for months which is followed by an 80% correction prior to the next ATH. Hence, believes the next ATH could be very near.
“Bitcoin has been very predictable with multiple X advances followed by 80% declines and multi-quarter consolidations prior to new ATHs and then another multiple X advance. I do not expect Bitcoin to run away to the upside, but rather work higher toward late 2023/ early to mid-2024 when ATHs are rested,”
Besides, the fresh CPI rates are expected to be let out shortly which may impact the crypto and the traditional finance markets. Previously in December 2022, the CPI rates were slashed from 7.7% to 7.1% due to which the BTC price rose by 1.7% in the next 5 minutes of the announcement and recorded nearly 4.36% growth in the next 24 hours.
Now when the fresh CPI rates are believed to be lower again from 7% to 6.5%, Bitcoin (BTC) is expected to receive a push beyond $19,000. Conversely, if the rates come out anything above 6.5% may invite the bears to act wisely.
Shiba INU To Explode Enduring 3x Rally – SHIB Price to Reach $0.000035!
The crypto markets have been under a significant bullish influence since the beginning of 2023 and hence the bullish start is expected to keep up the prices to some extent. While the Bitcoin price after breaching $17,000 appears to be stuck under $17,500.
The ease in the BTC price rally has enabled the altcoins like Cardano, Polygon, and Shiba INU to undergo a notable upswing. The SHIB prices are on the verge to break out of the consolidation and rise high in the coming days.
The SHIB price has dropped by more than 70% from its highs at the moment in the past few days, it recorded a jump of over 25%. Meanwhile, the bears are trying very hard to validate their existence but excessive compression may lead to an explosion that is approaching very fast. A popular analyst Captain Faibik believes the SHIB price is due for a 250% to 280% upswing in the mid-term.
As the SHIB prices are testing the upper resistance, the analyst believes that the token is due for a massive upswing and also provided a reason for the speculation of a breakout.
“SHIB breakout is around the corner so keep your eyes on it..!!
-Descending channel Formation in 1D TF
-Buying volume Coming in
-Expecting Breakout Soon
+250%-280% Profit Potential in the Midterm..”
Shiba INU (SHIB) price is hovering around $0.000008957 with a jump of 3.02% in the past 24 hours. The market capitalization of the token also witnessed a 2% jump recording levels around $4.92 billion with a trading volume of $440.59 million. The SHIB price is attempting for a parabolic run to reclaim the levels close to $0.00000935 beyond which erasing a zero from its value may not be a tedious job.
Why XRP Price is Failing to Reach $0.4- Have the Investors Abandoned 6th Cryptocurrency?
The markets have been notably bullish as the star crypto Bitcoin made a move beyond $17,000 after undergoing a squeezed trend below these levels for a long time. The bullish trend uplifted most of the popular altcoins beyond their respective resistance levels.
Ethereum price raised beyond $1300, Cardano price surged above $0.3, Shiba INU price is approaching $0.00001, etc but the XRP price continues to consolidate below $0.35.
The XRP price ranged high went the rest of the markets were withstanding significant bearish pressure. But no when the markets have turned bullish, the price remains consolidated within the same ranges.
Have the investors ditched XRP? Why the price is failing to reach $0.4?
Now its time for the Bitcoin price is required to hold for a while which may enable the XRP price to squeeze out bullish momentum that may result in the retest of the declining trend line. In case of a bullish breakout, the price may revisit the interim highs at $0.374 which is acting as the greatest hurdle at the moment. However, it appears to be pretty unlikely as the outlook for the asset is optimistic.
Therefore, investors need to be very cautious in entering long positions as a sudden selling pressure over the Bitcoin price could trigger a sell-off, erasing the past week’s gains. Moreover, if the XRP price breaks down below $0.33 it may invalidate the bullish outlook, paving way for the asset to revisit the lower support at $0.316.
Bitcoin Price Right On Track, This is When Will BTC May Reach $100K?
The crypto markets have been considerably bullish since the beginning of the year as after a minor consolidation, the Bitcoin price surged notably high. Further, the price soon fell into the consolidation phase but remained under the bullish influence. However, the price is preparing for a bullish upswing as top indicators point towards a breakout that may happen any time from now.
With the fresh upswing, the BTC price rebounded from the lower support of the triangle and headed toward the resistance. It is facing slight difficulty in rising above the levels as the bullish volume lags a little.
Therefore, the price may consolidate for a while before marking a notable upswing toward the interim resistance. Besides, if the price witnesses a minor pullback, then it may get rejected and drop down towards the lower support of the pennant.
Further, a rebound may ignite a breakout that may keep up the price elevated toward the resistance. Meanwhile, a popular analyst who has predicted the 2021 crypto collapse believes that the star crypto is right on track to break through its longer-term diagonal of resistance. Dave the Wave, tells his 132.6K followers that the BTC price may range high and break the resistance in the next month or two.
The analysts also said his followers to pay attention to the time the BTC price has spent below the weekly Gaussian channel which is a momentum indicator used to identify price tops and bottoms. The analyst believes that this indicator was very much helpful in the past as it rightly determined the market trend well before it began.
Presently, the Gaussian channel is undergoing a bearish wave towards the south and is yet to display a bullish divergence. Hence it may be determined that the Bitcoin price may not have marked the bottoms and hence the bearish divergence could be fast approaching.
Cardano Price to Remain Outrageous, Top Reasons Why ADA May Reach $0.5 in Next 10 Days
Crypto markets go green within the beginning of the fresh weekly trade as Bitcoin price successfully sustains above $17,000 for more than 24 hours. Cardano’s price also received a significant bullish push that assisted the price to rebound from the lower bottom and raised beyond $0.34 since the beginning of 2023. It appears that the bulls again entered the ring as the trading volume soared more than 100% in just a couple of hours.
With the massive upswing, the ADA price remained in the spotlight as it breached several short-term indicators and previous resistance zones. Trading currently at around $0.315 after rebounding finely from the bottom at around $0.24. The bulls managed to break above the 8-day EMA and 21 -day EMA, indicating the revival of the bullish trend as they have collected several liquidity barriers.
The price due to the market crash in the last few days of 2022, plunged below the support levels of the descending parallel channel. The token hovered below the channel for a short time frame as the recent bullish push raise the levels back above the channel.
However, the price is witnessing significant bearish pressure at the moment with an intention of lowering the price levels below $0.3. However, the bulls appear to be pre-determined as the price levels are held tightly above $0.31.
If Cardano successfully maintains the day’s close above $0.3 and the weekly close above $0.35, then the path toward $0.5 may be validated. The price may maintain a notable upswing regardless of the bearish interference which is expected at frequent intervals.
The bulls after a certain period may get exhausted and allow the bears to jump in. This may slightly impact the progress of the rally aiming for a price slash towards the 21-day MA level at $0.26.
This is When Dogecoin Price May Rise by 15x to Reach Beyond $1
Since reaching highs, Dogecoin, the largest memecoin by market capitalization, has plummeted drastically, currently falling over 90% from its highs despite not being significantly impacted by current market trends. The DOGE price broke above a descending trend that acted as strong resistance throughout December 2022.
During the recent upswing, the DOGE price showed potential to rally to the midpoint of the recent downtrend. In the past few days, the price displayed precise signals indicating a change in market behavior.
Currently, bulls have regained levels above $0.07 after testing bottoms at $0.661. The price rose above the 200-day MA levels just before closing the previous day’s trade, indicating a revival of the bullish trend.
Moving within a constant ascending parallel channel since the beginning of 2023, the DOGE price is displaying immense strength, aiming to reclaim the lost levels above $0.08 very soon. Meanwhile, the trading volume also has intensified, largely dominated by the bulls, and hence the price is expected to remain inflated for a longer time. With a lower pace and reduced volatility, the asset may not attract the bears that may help the bull to hold the grip over the rally for a long time ahead.
The market sentiments in 2023 are assumed to be pretty lighter than in 2022 and hence the possibility of a constant upswing emerges. In the larger perspective, the Dogecoin price appears to be poised for a larger price action as the Bollinger Bands have squeezed in the daily chart. Additionally, the MACD is displaying the possibility of a bullish crossover as the price is about to rise above the 20-day SMA which represents the middle bands.
Besides, the bullish reversal of RSI, a couple of times denotes the self-assurance of Dogecoin(DOGE) price to reclaim the positions above $0.08 anytime from now.