Injective (INJ) Price All Set For Massive Surge in Coming Days
A highly regarded crypto expert has recently highlighted an Ethereum-based altcoin, Injective (INJ), as showing promising indications of a bullish trend when compared to both the US Dollar and Bitcoin. The analyst, known by the pseudonym Kaleo, predicts a strong performance for the decentralized derivatives exchange.
Spotlight on Injective
In a recent analysis, Kaleo drew attention to a potentially successful retest of a diagonal resistance for the INJ/BTC pairing, noting the altcoin’s increasing strength against Bitcoin. In his words, “I’m long here.” Subsequently, he updated his perspective, speculating that a slight consolidation might be in order following a rally to a peak of 0.0003031 BTC ($8.23). “Wouldn’t be surprised to see a bit of accumulation here before a continuation higher,” he added.
Strong US Dollar Performance
Kaleo also expressed optimism about the performance of Injective against the US Dollar. He pointed out that the INJ/USD pairing seemed poised for growth after breaching its diagonal resistance and subsequently retesting it as a support. He underscored his confidence by saying, “INJ/USD chart looks great as well.”
A Rising Star: The Injective Protocol
Injective Protocol, a leading blockchain platform dedicated to decentralized applications (dApps), has gained significant traction due to the notable surge in the value of its native token, INJ. Over the last week, INJ has seen an impressive growth rate of 23%, reflecting increasing market interest.
INJ token serves a dual-purpose role, offering users utility within the platform while simultaneously giving them influence over the platform’s future via governance mechanisms.
Current Market Position and Outlook
At present, INJ trades at $7.82, despite a minor intra-day decrease of 2.9%. Nonetheless, its week-long upward trajectory has seen it gain 23%. This rise is complemented by a circulating supply of $100 million, aiding in the platform’s liquidity and shaping market dynamics. The positive market sentiment and high Total Value Locked (TVL) are seen as key drivers for the recent price spike of Injective.
Analyst Predict BTC Price Can Surge 200% Ahead of Bitcoin Halving
For the first time since the calendar flipped in January, Bitcoin price had a bearish monthly close in May. Having dropped approximately 3 percent in the past 24 hours to trade around $26.8k on Thursday, Bitcoin price faces choppy days ahead. Moreover, several support levels in the higher time frames have failed to yield bullish sentiments.
Bitcoin Analysis
Nonetheless, a popular crypto trader on Twitter Rager (@Rager) thinks Bitcoin still has a shot at hitting $40k before the onset of the fourth halving in 2024. In this regard, Rager noted that Bitcoin has a lot of range to happen similar to the 2019 rally that yielded approximately 200 percent.
Meanwhile, the famous crypto trader noted that the current Bitcoin range will present long-term investors with an opportunity to enter before the onset of the next major bull cycle.
“But do expect a lot of ranging to happen and IMO good BTC entries are worth holding for the next couple of years,” Rager concluded.
What Next For BTC Price?
For Bitcoin to hold a bullish outlook in the coming weeks and months, the instrument must hold crucial support levels to avoid further capitulation. According to another famous crypto trader on Twitter @CryptoFaibik, Bitcoin price is currently consolidating in a falling wedge on the daily time frame chart. As a result, the analyst noted that several indicators including the Bollinger Bands and the Relative Strength Indicator (RSI) have been pointing to an imminent breakout.
“Bitcoin Bulls Must Defend the Crucial Support at 26k and Clear the Resistance at 28k to Confirm a Wedge Breakout..,” the analyst noted.
Meme-Coin Mania Fuels Transaction Surge On Cardano’s DEX Minswap
The post Meme-Coin Mania Fuels Transaction Surge On Cardano’s DEX Minswap appeared first on Coinpedia Fintech News
Cardano’s decentralized exchange, Minswap, has seen a significant surge in transaction volumes as traders flock to profit from meme-coins. Volumes skyrocketed from $1 million in May to $18 million on Tuesday. Minswap holds 37% of Cardano’s total token value, making it the platform’s largest application. This increased activity could lead to a rise in the prices of Minswap’s native token, Min’s tokens, both due to platform usage and their role as governance tokens. Notably, meme coins SNEK and BANK have contributed to the volume surge, with a 34% price increase and approximately $40 million traded on Minswap.
Bitcoin (BTC) Price Might Surge 40% In Coming Weeks – Here’s Why
After heightened fears of falling below $26k last week, Bitcoin managed to pull off a bullish trend over the weekend. According to the latest crypto market data, Bitcoin price exchanged around $28k during the early Asian trading session on Monday, up approximately 2.5 percent in the past 24 hours. Similarly, the altcoin market managed to rally behind Bitcoin over the weekend led by Ethereum. As a result, the total crypto market capitalization jumped approximately 2.2 percent to about $1.21 trillion on Monday.
U.S Debt Crisis
The sudden reversal in the crypto market over the weekend is largely attributed to the announcement that the United States government will raise its national debt to avoid defaulting for the first time. Notably, the rise in national debt only means higher inflation as the Fed will be compelled to print more money to accommodate the rising national debt.
Nevertheless, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement that the government will cut spending along the way.
“It is an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone,” Biden noted.
Bitcoin Price Analysis
According to a popular crypto influencer Lark Davis, Bitcoin price is poised for higher gains in the coming days. In his latest analysis, Davis noted that Bitcoin price has reclaimed the 50-day EMA after 20 days of trading below it.
As a result, the analyst expects Bitcoin to replay a similar move to the one in early March.
“The last time we had a big fat green candle pumping up over the 50-day EMA the price of Bitcoin rallied by 40% in the following weeks,” Davis noted.
Top 3 Reasons Why Bitcoin (BTC) Price Will Surge By 150% Soon
A highly regarded crypto analyst is making a bold forecast, suggesting that the world’s leading cryptocurrency, Bitcoin (BTC), could experience a remarkable surge and shatter its previous all-time highs this year.
Bitcoin: Historical Outlook
The analyst shared his bullish outlook on BTC with his Twitter followers. Comparing the current state to the 2020 impulse, Credible Crypto points out that it took about three months for Bitcoin to complete a support/resistance flip and retest at the $10,000 level. Just two months later, Bitcoin rallied by an impressive 90% and went on to reach new all-time highs within six months, representing a surge of over 500%. The analyst confidently asserts that achieving new all-time highs is not an impossible feat, as it has been accomplished before.
Keep hearing “how can we reach new ATH before the end of the year? It’s impossible.”
About where I think we are now compared to our last impulse. Note that the S/R flip and retest at 10k took about 3 months to complete.
2 months later we had rallied 90% to new all time highs.… pic.twitter.com/6KYjkju3QY
— CrediBULL Crypto (@CredibleCrypto) May 24, 2023
Also Read: Even Biden’s Re-election Can’t Threaten Bitcoin, Claims Pro-XRP Lawyer
However, what’s going to drive this surge?
Perfect Retest: Bitcoin has yet to undergo a perfect retest of the black support/resistance level at $25,200. While not a prerequisite, there remains a possibility that the local low for this retest has not yet been established. If the analyst’s thesis holds true, the downside potential from current levels should generally be limited.
Historical Patterns: Credible Crypto cautions that while history does not repeat exactly, it often exhibits similarities. While not expecting an exact time and price correlation, the movements in Bitcoin’s price are anticipated to display resemblances to previous patterns.
Accelerating Ascent: As Bitcoin progresses through impulse waves, the rate of ascent tends to accelerate, particularly during a parabolic advance. Interestingly, the current rate of ascent is expected to be the slowest within the entire journey toward a new all-time high. This suggests that a rapid ascent to prior record levels is not only plausible but also expected if this indeed marks the beginning of a significant impulse. Notably, as Bitcoin climbs higher, larger price candles are typically observed.
“With both prior impulses of this cycle ($3,000 – $14,000 and $10,000 – $60,000), bigger candles were observed as Bitcoin climbed higher.”
Credible Crypto’s analysis concludes that Bitcoin could climb and surpass previous all-time highs. Looking at the historical aspect, BTC’s 150% is not unrealistic and will be euphoric for long-term holders. Do you agree?
hiBAKC NFT Sees 1,100% Price Surge after Launching on KuCoin Exchange
Fracton Protocol, a leading player in fractionalized NFTs, has launched its latest offering, hiBAKC, on the popular crypto exchange KuCoin. The introduction of hiBAKC has caused a sensation in the crypto community, as its price surged by a remarkable 1,100% on its first day of trading.
As the 27th addition to Fracton Protocol’s hiNFT token family, hiBAKC represents a fractionalized reflection of the highly coveted Bored Ape Kennel Club (BAKC) NFT Collection. By breaking down each of the NFTs in the collection into 1,000,000 tokens, hiBAKC allows a broader audience of crypto exchange users to participate in the ownership of these desirable assets.
Fracton Protocol has gained a reputation for delivering exceptional results with its hiNFT launches. Each new addition to its lineup has consistently experienced a staggering surge in price, ranging from 10 to 20 times the initial value on the day of its debut. With hiBAKC, Fracton Protocol maintains this tradition of breakthroughs and record-breaking performances.
The uniqueness of hiBAKC lies in its status as the first-ever BAKC fractional token to be listed on a crypto exchange, further demonstrating Fracton Protocol’s commitment to innovation and accessibility.
Since its launch, Fracton Protocol has garnered over 3.3 billion in total trading volume and millions of NFTs locked and issued through its secure smart contracts. By introducing hiBAKC to Fracton Protocol’s lineup, the project aims to democratize access to these highly sought-after digital assets.
The BAKC NFT collection, originating from the creative brilliance of Yuga Labs, the creators of the iconic Bored Ape Yacht Club (BAYC), consists of 9,602 uniquely delightful kennel NFTs. These NFTs serve as digital kennels and embody community spirit and philanthropy, with a portion of their initial secondary sales generously donated to animal charities.
Notably, fractionalization allows the NFTs to be broken down into affordable segments, opening the doors for millions of new participants to join the BAKC and Yuga Labs community.
The significant rise of hiBAKC on KuCoin highlights the immense interest from mainstream crypto users who were previously deterred by the complexities and risks associated with purchasing NFTs.
Fracton Protocol has successfully bridged this gap by making highly-desired NFTs affordable and accessible through fractionalization. By doing so, they have demystified NFT investments, reduced risks, and invited a larger audience into the world of digital collectibles.
Bitcoin Price Might Surge More Than 80% If This Scenario Plays-Out
In a recent interview on the David Lin Report, esteemed crypto analyst Jason Pizzino shared his insights on Bitcoin’s future trajectory, predicting a significant surge for the leading cryptocurrency. Pizzino believes that Bitcoin’s price could skyrocket by more than 75% once it successfully surpasses a crucial resistance zone.
Analyst’s Bullish Prediction
Currently, Bitcoin faces a formidable challenge as it encounters substantial resistance between the $28,000 to $32,000 range. Pizzino emphasizes the significance of this key level, stating that a breakthrough beyond this resistance could trigger a momentous rally for the digital asset.
“You will start to see less of the bears and more of the bulls”.
His forecast suggests that Bitcoin has the potential to surge by nearly 80% from its current price if it successfully overcomes the aforementioned resistance zone. Such a breakthrough would likely shift market sentiment, with bears losing their influence and bullish sentiment taking hold among investors.
The crypto analyst explains that once Bitcoin conquers this critical level, the negative sentiment calling for further price declines and new cycle lows would dissipate. Market attention would then shift towards the next target level at $48,000, followed by a potential retest of the all-time highs.
Shifting Sentiment and Market Outlook
As of the time of writing, Bitcoin is trading at $26,798, underscoring the significance of the impending resistance level that needs to be surpassed to unlock its full upward potential. Pizzino lays the importance of a sustainable rally, advocating for gradual and incremental price appreciation instead of sudden and unsustainable surges.
Stability and Long-Term Growth
The analyst suggests that Bitcoin’s stability and long-term growth are better served by a stair-stepping pattern of incremental price movements. This approach fosters stability at lower price levels, compared to the unsustainable FOMO-driven pumps witnessed in previous market cycles.
Also Read: Bitcoin Price Prediction 2023, 2024, 2025, 2026 – 2030
Bitcoin Rally: Here’s When BTC Price Will Surge Above $40k
It appears that all the leading cryptocurrency experts are currently eyeing the $40000 target for BTC. The king currency is currently trading sideways in consolidation, so, it is quite possible that the predictions that have manifested recently may hold some ground.
Kaleo’s Target: Bitcoin At $40,000
Kaleo, a widely followed pseudonymous analyst, has taken to Twitter to share his insights with his loyal followers. According to him, Bitcoin is on the verge of a strong rally that is expected to endure until July, following a prolonged period of choppy price movements.
Also Read: Whales & Sharks Accumulate Stablecoins; Will Bitcoin & Ethereum Continue Choppy Trend?
What has caught the attention of market observers is Kaleo’s assertion that Bitcoin is in the process of reclaiming a crucial high timeframe (HTF) support level. After experiencing a temporary dip below this level, Bitcoin’s current price behavior suggests a recipe for an imminent and potentially violent spike in value.
Kaleo explains, “Reclaims of deviations below HTF support usually cause dramatic upside swings. At $27,700, I’m watching.”
Bitcoin’s Recipe for An Impressive Spike
Buoyed by this analysis, Kaleo confidently predicts that Bitcoin will not only surpass its current value of $27,300 but will soar past the $40,000 mark by July. If his projection materializes, it would represent a remarkable 46%+ increase in Bitcoin’s value within a relatively short timeframe. Kaleo confidently sums up his expectations, stating, “One last leg up.”
Ethereum’s Resilient Outlook
Kaleo also weighs in on the future prospects of Ethereum (ETH), the leading smart contract platform. He believes that Ethereum will waste no time in reclaiming the highly coveted $2,000 level, urging it to “Run it back to $2,000 with haste.” This assertion adds an additional layer of optimism to the crypto market, as Ethereum enthusiasts anticipate a swift recovery and renewed momentum for the platform. ETH is currently trading at $1,855, with a 2.1% surge in the past 24 hours.
This Might Interest You: Bitcoin Price Prediction 2023, 2024, 2025, 2026 – 2030
Analyst Calculated HedgeUp Will Surge 15X Higher Than Dogecoin
When it comes to the world of cryptocurrencies, predicting market movement can often feel like reading tea leaves. Dogecoin (DOGE), for example, a token that began as a meme, soared to unexpected heights in 2021, defying all logical market predictions. However, new research suggests that HedgeUp (HDUP), a DeFi-based token, is set to outperform Dogecoin (DOGE) dramatically. According to one analyst, HedgeUp (HDUP) might surge 15 times higher than Dogecoin (DOGE). Let’s examine the details.
The Rise and Dilemma of Dogecoin (DOGE)
Dogecoin (DOGE), with its Shiba Inu (SHIB) meme mascot, was initially created as a joke in 2013. However, fueled by social media hype and influential backers like Elon Musk, Dogecoin’s (DOGE) price skyrocketed in 2021, providing phenomenal returns for early investors.
However, the sustainability of Dogecoin’s (DOGE) growth remains uncertain. Its unlimited supply and lack of inherent utility could prove detrimental in the long run. While Dogecoin’s (DOGE) story is an example of the power of social hype in crypto markets, many believe it is a bubble waiting to burst.
HedgeUp (HDUP): The DeFi Innovation
In contrast, HedgeUp (HDUP) is an asset-backed trading platform, combining the principles of DeFi, blockchain, and financial services. The HedgeUp (HDUP) ecosystem revolves around its native token, HedgeUp (HDUP), which offers users access to various financial services.
Unlike Dogecoin (DOGE), HedgeUp (HDUP) provides a clear utility and value proposition. The combination of decentralized finance and traditional finance systems makes it an attractive choice for investors, potentially driving its growth to a more sustainable and credible high.
The 15X Surge Prediction
A recent report by a well-respected crypto analyst suggests that HedgeUp (HDUP) has the potential to surge 15 times higher than Dogecoin (DOGE). The basis of this prediction lies in the fundamental differences between the two coins.
Dogecoin’s (DOGE) value is primarily driven by market sentiment, making it highly volatile and unpredictable. However, HedgeUp’s (HDUP) value is derived from its underlying platform and its promise of merging blockchain and traditional finance. As the DeFi sector grows, so does the potential value of HedgeUp (HDUP). Moreover, the limited supply of HedgeUp (HDUP) tokens in contrast to Dogecoin’s (DOGE) unlimited supply could further drive its price upward.
Conclusion
The analyst’s prediction brings to light a vital point: the future of cryptocurrencies lies in their utility. While social media hype and celebrity endorsements can fuel short-term spikes, sustainable growth requires real-world applications and solutions.
Dogecoin’s (DOGE) price surge may have grabbed headlines, but the lack of a solid foundation may limit its future growth. On the other hand, HedgeUp (HDUP), with its clear value proposition and promise of disrupting traditional finance with blockchain technology, is poised for exponential growth.
While a 15X surge might seem optimistic, it is a testament to HedgeUp’s (HDUP) potential in the evolving world of cryptocurrencies. However, investors should remember that crypto markets are highly volatile and unpredictable, and any investment should be made with careful due diligence. As the crypto market matures, coins with robust utility and clear use cases like HedgeUp (HDUP) are likely to rise above the rest.
Click the links below for more information about HedgeUp (HDUP) presale:
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Bitcoin Price Analysis: Pullback Or Surge? Here’s What’s Next For BTC Price
Bitcoin’s position in the crypto world is indisputably crucial. As the first and most significant cryptocurrency, its market moves heavily influence the crypto landscape. Renowned crypto analyst, Kyledoops, shares insights into Bitcoin’s current market dynamics and potential short-term future trajectories.
Bitcoin’s Range Low and High
Kyle emphasizes that Bitcoin traders should vigilantly observe its market movement. Even if Bitcoin’s price dips below the $25,000 level, a quick recovery would demonstrate a swing failure pattern. This pattern indicates resilience in the face of temporary market dips and suggests that Bitcoin’s range low could be around $25,000. Conversely, the range high could be at the $34,000 to 35,000 level.
This Might Interest You: Bitcoin ‘Flipping Frenzy’: Here’s Why June 2023 Could Ignite A Massive Bull Rally – Coinpedia Fintech News
The critical factor, Kyle points out, is to anticipate multiple scenarios. Traders should be prepared for unexpected turns and have a plan for every eventuality. Essentially, trading Bitcoin requires a strategic mindset akin to a chess player.
Pullback On The Charts?
Kyle points out how the 50 and 200 Exponential Moving Averages (EMA) have acted as a resistance for Bitcoin’s price. After the ‘death cross,’ where the 50 EMA crosses below the 200 EMA, the Bitcoin price fell. If Bitcoin starts to pull back from these levels, a continuation to the downside may be expected.
He also anticipates a possible price refill around the $26,000-$26,500 level due to an imbalance in the market. This occurrence could create a sweep into that area, marking a potential buying opportunity for traders. However, if the Stochastic RSI starts to turn down, the momentum may shift to the downside.
Bitcoin was worth $27,361 at the time of writing this article.
Analyst Predicts XRP Price Resurgence: Potential 640% Surge to $3
XRP, Ripple’s digital token, may be set for a meteoric rise according to the forecast of top cryptocurrency analyst EGRAG Crypto. He cites parallels between current market conditions and the dramatic bull run from 2020 to 2021, predicting a potential 640% surge to $3.3.
Historical Analysis Of XRP Price Actions
Through chart extrapolation, EGRAG Crypto replicates the price trajectory of XRP from the previous year. The mirrored pathway respects key price targets and culminates in a projected surge to $3.3, presenting an enticing outlook for XRP investors.
The crux of this price prediction, dubbed “Pandora’s Box,” hinges on a crucial price range of $0.55 to $0.67. This interval may hold the key to the unleashing of XRP’s potential, akin to opening Pandora’s mythical box.
EGRAG Crypto’s “Pandora’s Box” concept symbolizes the challenges the XRP community may confront on their path to potentially vast riches. Borrowing from the ancient Greek myth, he outlines seven “evils” or trials that the XRP community is likely to face.
Also Read: Ripple News: XRP Price Might Surge Above $1 By August
The initial challenge, “Strife,” is currently in play, with the XRP community weathering the storm. “Disease” represents the efforts of critics to paint the XRP community as a disruptive influence, fabricating vast conspiracies. These adversaries may soon give way to “Hatred,” fueled by the resentment of those who miss out on XRP’s prosperity.
More severe trials may emerge, such as “Death,” highlighting the need for the community to protect itself amidst potential threats. “Madness” represents the incredulity of skeptics unable to process XRP’s remarkable rise, potentially leading to “Violence,” both verbal and physical, against the XRP community.
Lastly, “Jealousy” encapsulates the bitterness of those who missed out on the XRP wave, consumed by envy against the newfound wealth of XRP holders.
Litecoin (LTC) Price To Surge 50% in the Next 8-10 Weeks, But There’s a Catch
Litecoin (LTC), often called the “silver” to Bitcoin’s “gold” in the crypto world, is getting ready for an interesting period ahead. A well-known crypto trader named Pentoshi recently made an intriguing prediction about the future of this digital currency.
Pentoshi sets the target of $138 for Litecoin
Pentoshi believes that something similar to past events could happen in the next eight to ten weeks. According to a graph, Litecoin’s price may rise to $138 and then drop back to $92. At the heart of Pentoshi’s analysis lies the upcoming Litecoin halving, a significant event that has historically caused notable market activity.
However, Pentoshi also advises caution to investors. Even if Litecoin reaches $138, it won’t be enough to make up for the losses suffered during the ongoing bear market.
The Significance of Litecoin Halving
Moving ahead he seems skeptical as Litecoin halving is an event when the LTC mining rewards get cut in half. This event is pre-programmed into Litecoin and occurs every 840,000 blocks, which is roughly every four years. The purpose of this event is to act as an effective hedge against inflation. During a halving event, the planned reduction in mining rewards halves the rate at which new coins are generated, effectively reducing the overall supply. This scarcity factor theoretically has the potential to drive up the price of LTC. The next Litecoin halving event is projected to occur on Thu, Aug 03, 2023, at 03:33:55 AM GMT.
Considering Factors Beyond Halving
However, Litecoin has already faced challenges in the bearish crypto market. Despite occasional recoveries, its overall trend has been downward, resulting in substantial losses for those who invested at its peak. It’s important to consider factors beyond the halving event.
It is quite evident that historical performance and halvings can impact a cryptocurrency’s value, they are not the only factors determining its future price. Market sentiment, overall crypto market trends, and macroeconomic conditions also play a significant role.
Bitcoin Bull Run: BTC Price Can Surge to $34K If This Scenario Playsout
Bitcoin, the king of crypto, has shown an unyielding resilience as it continues to defy market expectations. This report draws upon an in-depth analysis by renowned crypto analyst, Ivan Liljeqvist of Ivan on Tech, who explores the current Bitcoin price trends and their implications on the broader cryptocurrency ecosystem.
Bitcoin’s Invalidation Scenario: A Paradigm Shift?
Ivan discusses the ‘invalidation scenario’ where Bitcoin is currently resisting a price breakdown. Despite the looming possibility of a head and shoulders pattern, which suggests a potential drop to approximately $23,000, Bitcoin seems to be defying this course. It has managed to stay above the breakdown and could invalidate this bearish pattern if it begins to pump above the right shoulder, approximately at $29,000.
“If we go to $29k, then the invalidation scenario kicks in,” Ivan states. The breakout target in this scenario is approximately $34,000, and there’s a strong possibility of a pump up to the resistance area. This area is a significant resistance zone that we are targeting with the breakout if the head and shoulders pattern is invalidated.
On the Cusp of a New Bull Market
The crypto economy is increasingly becoming an alternative to traditional financial systems. Ivan emphasizes the growing trend of investors moving their assets into Ethereum. The largest altcoin has been dubbed as the ‘treasury of the internet’, offering a remarkable 6.8% yield.
Ivan believes that the market is gearing up for a new bull run. While the Bitcoin price has shown a slight increase, and the market seems sideways, he expects a decision on Bitcoin dominance soon. While some believe we still have another leg up in this bear market, the expert argues that we haven’t seen a real Bitcoin-led rally that could restore the market to higher levels.
Also read: Bitcoin Price Prediction 2023, 2024, 2025: Will BTC Price Mark New High’s In The Coming Days?
However, he reminds his viewers that nothing is certain until confirmed, “We never open the champagne before it’s time to open the champagne,” he cautions. If Bitcoin’s dominance begins to drop, for example, to $45k or $44k, it could be a significant signal for the cryptocurrency market.
Ethereum (ETH) Price Might Surge 50% In Coming Weeks – Here’s Why
Ethereum, one of the largest altcoins, is predicted to see a significant price increase in the coming months, according to the popular crypto analyst. While the price of Ethereum has experienced some fluctuations in recent weeks, analyst believe that it could reach a target price of $2,400, a level not seen since May 2022, before the Terra (LUNA) ecosystem collapsed.
Here’s the possible outlook for ETH Price in the coming weeks.
Ethereum Price could dip to $1,600 before rallying
Kaleo, a well-known crypto analyst, and trader, has shared his optimistic view with his Twitter followers, stating that Ethereum could surge by 50% to reach his target price, but not before dipping to $1,600. He added that this scenario was his “best-case scenario play” for ETH and that after the dip, it could rally back to approximately $2,400 to retest the pre-LUNA/UST liquidation breakdown level.
Bluntz holds a similar outlook on ETH
Fellow crypto strategist Bluntz shares Kaleo’s outlook, stating that Ethereum could find support at around the $1,600 area before potentially ending its current corrective move. He also believes that a significant reversal candle is necessary before any longs can be considered, adding that ETH is currently experiencing a correction.
These bullish predictions come amid reports that the percentage of Ethereum on crypto exchanges has plunged to an eight-year low, with Santiment revealing that ETH’s supply on exchanges is currently at $1,780 the lowest level (10.1%) since public trading began in 2015. This is essentially the all-time high for non-exchange holdings, indicating a significant shift in the market sentiment towards Ethereum.
So, what does all this mean for Ethereum’s future prospects? while Ethereum is currently trading at $1,811, the positive outlook shared by these crypto analysts suggests that the price could soon experience a significant rally. This could be an excellent opportunity for investors to take advantage of the predicted surge in price and potentially benefit from the market’s upward momentum.
PEPE Price Surge More Than 50% – Elon Musk’s Entry Ignites Pepecoin Frenzy
As the crypto market continues to debate the trajectory of the meme coin trend, tech billionaire Elon Musk recently made a discreet reference to Pepe Coin, stirring excitement among investors.
Musk and PEPE
Musk employed the image of the Pepe frog, the character associated with the coin, in a meme discussing constitutional amendments. Pepe Coin’s official Twitter account responded with “seize the memes of production,” a clever twist on the phrase “seize the means of production.” The mere mention of the frog by Musk sent the PEPE Coin’s price soaring.
Predictions for Pepe Coin’s price suggest it could reach as high as $1, which would represent a staggering 60,827,150% – a 60 million percent increase from its current price. While the future remains uncertain, those who bought the dip during the recent downturn are now sitting on significant gains, exemplifying Warren Buffett’s principle of buying when others are fearful. Pepe Coin experienced a drop of more than 50% at one point and is still down 37% on a 7-day view.
Can Pepe Coin Continue its Ascent?
Investors already in the market or considering an entry point are now left wondering if Pepe Coin can maintain its upward momentum. Meme coins, to some degree, have the potential to detach from the broader crypto market trends and follow their own unique paths.
Although the speculative nature of these investments can lead to considerable price fluctuations, Pepe Coin’s Sharpe ratio of 1.37 is remarkably high for both stocks and cryptocurrencies. The Sharpe ratio measures risk-adjusted excess returns in relation to the standard deviation of volatility.
At the time of writing, Pepe Coin is valued at $0.000002049, having surged by 58% within the past 24 hours. The mention by Elon Musk has undoubtedly contributed to this impressive growth, yet the future trajectory of the coin remains unpredictable.
Ripple News: XRP Price Might Surge Above $1 By August
As anticipation grows within the XRP community, renowned crypto strategist Dark Defender recently took to Twitter to share a bullish outlook on the cryptocurrency’s future. The pseudonymous analyst highlights the current quietness within the community as a sign that XRP is ready for a major breakout.
According to Dark Defender’s predictions, XRP could see a significant surge in value within the coming months, potentially reaching new heights of $1.33 and $3.82 after breaking its resistance line.
XRP’s Path to a 30,000% Gain
Egrag, another prominent market analyst, has also chimed in on XRP’s potential, suggesting that the cryptocurrency might be gearing up for an astounding 30,000%, or 300x, pump in the foreseeable future. Egrag’s analysis is based on XRP’s historical performance, indicating that the end of the bear market could be imminent.
XRP Price Analysis
Egrag’s research reveals that XRP typically puts an end to its bear market by registering multiple closes above the Gaussian Channel. This pattern has been observed twice in the past, and on both occasions, it was followed by a massive dump before giving way to an impressive rally for the digital asset.
As of press time, XRP’s value sits at $0.42, but the potential for growth is undeniable. The convergence of Dark Defender’s and Egrag’s analyses suggests that investors should keep an eye on XRP as it moves towards breaking the resistance line, potentially leading to a massive surge in value.
As the XRP community awaits the crypto’s upward trajectory, it’s essential to remember that market predictions are not guarantees. Nonetheless, the insights provided by analysts like Dark Defender and Egrag offer valuable perspectives to investors as they navigate the constantly evolving world of cryptocurrencies.
LINK Price Might See Massive Surge This Bull Run, Chainlink Marketcap To Hit $100 Billion
The price of Chainlink has been experiencing a weak performance over the past few weeks and is currently down over 26% from its yearly high. Despite the recent rally in the crypto markets following the release of April 2023 CPI data showing the lowest inflation rise in a year, gains were short-lived and the BTC price was unable to maintain its position above the $28,000 level. Despite this, LINK’s price has managed to remain above its weekly lows.
However, according to trader and YouTuber Altcoins Chyrs, Chainlink is a misunderstood cryptocurrency and it will grow massively in future. The project has the potential to reach billions in market cap, which could significantly impact the industry.
Unfortunately, in the previous bull run, Chainlink did not perform as well as other cryptocurrencies like Dogecoin, which reached close to 100 billion in market cap. LINK Price’s all-time high was at 20 billion, which is a small fraction of its potential. This lack of performance could be attributed to a general misunderstanding of the crypto.
“In the previous bull run, Chainlink didn’t perform as it was supposed to. We saw only a 20 billion market cap, while coins like Dogecoin reached close to 100 billion, 80-90 billion,” he said in a new video.
He said that Chainlink has been misunderstood in the past and that it has a lot of room for growth in the future. The trader predicted that it could potentially reach a market cap of over 100 billion in the future, and believes that it has the potential to do an incredible bull run. He finds it attractive to add more LINK tokens to your portfolio while it is close to its all-time low of $6.4.
At the time of writing, Chainlink is down by more than one percent and is trading at $6.42.
Avalanche’s (AVAX) Rally Pales in Comparison to Yachtify’s (YCHT) Impending Surge
The blue-chip token today and other popular alt-coins and meme coins all started as presale projects. The significance of this is that early adopters or investors in any of these projects made it. Yachtify, another presale project with disruptive fundamentals, is about to launch, and investors are excited about the opportunity.
Yachtify (YCHT): Unprecedented Yacht-Investment Innovation to Enter Mainstream
A new sheriff is in town, and it is none other than Yachtify, the rave and buzz of the moment. Built on blockchain technology and leveraging the unique NFT tech, Yachtify is an investment platform where crypto enthusiasts can invest in an asset out of their dreams or imagination; yachts.
In an unprecedented move, Yachtify is crossing uncharted waters by bringing maritime investment in yachts—an industry dominated by the wealthy— to the public. Through the investment platform, investors will be able to own fractions of real-world, insured yachts represented as non-fungible tokens.
With as little as $100, investors can own bits of a yacht and earn from its charter. In addition, as a token holder, an investor is eligible to earn a revenue share of platform-generated fees, thereby providing multiple income streams. Furthermore, as a private existing yacht owner, they can list a minimum of 25% of their yachts for fractional sale.
Yachtify’s ongoing presale costs only $0.10, topped off by a 30% bonus for early investors. Further, the team’s completed KYC and three years token lock, a SolidProof smart contract audit, and the token’s lifetime liquidity lock make investments secure.
With Yachtify, investors can buy, sell, and rent all kinds of boats or yachts on the blockchain and make profits, which is where it draws its unique fundamentals.
Check out the link below to become an early investor and be a part of Yachtify’s growth:
Join the presale: https://buy.yachtify.market
Website: https://yachtify.market
Telegram: https://t.me/yachtify
Twitter: https://twitter.com/yachtify_market
Avalanche’s (AVAX) Price Rally Won’t Be as Significant Compared to Yachtify’s Presale
Avalanche (AVAX) recently integrated Chainlink’s (LINK) functions to bridge Web3 and Web2 to simplify the process of connecting Web3. The integration intends to allow developers to migrate Web2 APIs into its platform. This move has seen Avalanche (AVAX) take a significant step towards the global adoption of Web3 technology.
With this integration, Chainlink (LINK) developers will be able to access and seamlessly utilize external data sources, enabling them to build state-of-the-art dApps on the Avalanche (AVAX) network. Furthermore, developers will be able to fully harness the power of blockchain technology through integration.
This initiative, which represents a significant milestone in the Avalanche (AVAX) ecosystem, will unlock new and exciting use cases for smart contracts on the Avalanche (AVAX) chain.
The integration of Chainlink (LINK) and Avalanche (AVAX) caused a surge in the price of the latter but has returned to a downtrend. At the time of publication, Avalanche (AVAX) is trading at $15.7, with a 5.6% decline in the past 24 hours and a 6.7% drop in the last 7 days.
Although an Avalanche (AVAX) rally is imminent, its potential growth isn’t as significant as that of Yachtify, which analysts have termed the next blue-chip token because of its unique fundamentals.
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Sui (SUI) Value Skyrockets Prior to Mainnet Debut, Collateral Network (COLT) Anticipates 35x Price Surge
One of the newest blockchain projects to hit the crypto scene, Sui (SUI), is pumping in an impressive fashion prior to its mainnet debut. But Sui (SUI) isn’t the only project that is seeing a surge in value. Collateral Network (COLT) has pumped 40% during the first stage of the presale, with its native token anticipating a 35x surge once the mainnet goes live. Let’s look at these two projects, and what could the future hold for them.
Key Factors Fueling Sui (SUI)’s Launch Hype
Sui (SUI) is a Layer 1 blockchain engineered to revolutionize digital asset (NFT) management. It’s designed to be fast, private, secure, and accessible to all users. Sui (SUI)’s unique object-centric approach enables efficient parallel processing, near-instant finality, and intricate on-chain assets.
Sui (SUI) was founded by Mysten Labs — a company that was formed as a spinoff of Meta’s Diem project. By September 2022, Mysten Labs successfully closed a $300 million Series B funding round for Sui (SUI), which contributed to the company’s impressive $2 billion valuation.
Mysten Labs envisions Sui (SUI) becoming the go-to platform for NFTs and gaming. By using the Move programming language, Sui (SUI) allows digital objects to be owned by a single user or shared among multiple users.
The price of Sui (SUI) was on offer during the presale for just $0.10 per token but has since skyrocketed to $1.28 per token — a surge of 1280%. Early investors who got in on the action are now enjoying astronomical gains.
There are a few reasons why Sui (SUI) has gained such traction. Most notably, it has a world-class team, a stellar product roadmap, and has received backing from high-profile investors These factors have all contributed to the project’s overwhelming demand prior to its Mainnet debut.
With the Aptos (APT) project — started by the other half of Meta’s Diem team — pumping by over 500% at the start of 2023, many investors turned to Sui (SUI) in anticipation of similar gains.
The Potential of Collateral Network (COLT): Analyzing the 35x Surge Prediction
With the Collateral Network (COLT) presale currently underway, the initial COLT token price of $0.01 has already risen by 40% to $0.014 and is expected to continue its ascent to $0.35.
Collateral Network (COLT) is a groundbreaking peer-to-peer lending platform that utilizes an asset-backed model to transform traditional borrowing practices. Collateral Network (COLT)’s pioneering approach involves converting physical assets into NFTs, which then act as collateral for loans on the blockchain.
Collateral Network (COLT)’s fractional lending system enables multiple investors to participate in a single loan, with each receiving weekly interest payments proportional to their stake. This structure democratizes lending, making it more accessible and equitable for everyday investors.
Through the use of smart contracts and automation, Collateral Network (COLT) streamlines transactions and reduces fees. Comprehensive details about each loan and collateralized asset are embedded within the NFT’s metadata, ensuring transparency and clarity for all parties involved.
Experts predict that Collateral Network (COLT) will transform the $7 trillion lending industry and foresee a potential 35X price increase when the token becomes publicly traded. This presents a unique opportunity for investors to capitalize on a potentially lucrative venture.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Bitcoin (BTC), Suicoin (SUI) & Litecoin (LTC) Price Poised To Surge Nearly 30% Soon!
The cryptocurrency market is filled with potentially profitable trades that are sometimes hard to spot. Moreover, there are more than 12k crypto assets tracked by Coingecko and Binance-backed Coinmarketcap. Nevertheless, it is much easier to track the altcoin market in relation to the Bitcoin price action. Mind you, almost the entire altcoin market rides on the success of the top digital assets including Ethereum and BNB.
Money flows in the cryptocurrency market are largely segmented amid new and performing meme coins like Pepe and WOJAK. However, the analyst is convinced there is a potential shift that could see Bitcoin, Sui and Litecoin surge in the near term. Here’s a closer look.
Sui Coin
According to the analyst, Sui network’s SUI coin could be on the verge of a double percentage breakout. In this regard, the analyst highlighted that Sui has been forming a falling wedge pattern on a rising trend, which is a characteristic of an imminent breakout.
Notably, Sui was launched earlier this week and its farming is available on Binance LaunchPool.
Bitcoin (BTC)
As for the top digital asset by market capitalization, the analyst highlighted that the bulls need to clear the $29.4k hurdle to secure a rally towards $32.8k.
Currently, Bitcoin’s dominance is at a crucial level of around 48.5 per cent after rejecting it severally since the end of the 2021 crypto bull market.
Litecoin (LTC)
As for Litecoin, the analyst noted that the upcoming halving event will trigger FOMO traders. As a result, Crypto Faibik is significantly convinced Litecoin will revisit its ATH after August’s halving.
Stay updated on all things crypto with Coinpedia!
Cardano Flashes Bullish Outlook Amid Downtrend- Here’s Why ADA Price Can Surge Soon
The crypto market has seen a series of ups and downs in recent times. While the Federal Reserve’s recent interest rate hike has had a minor influence on altcoins, unlike Bitcoin, Cardano’s native currency, ADA, appears to be defying the odds. Despite the current market downtrend, there are several factors pointing towards a bullish outlook for Cardano. It is expected that ADA will soon become one of the altcoins to surge amid the market’s downtrend and push the altcoin market higher.
ADA Whales Bring Confidence
In a noteworthy shift since April, the Cardano network has seen a significant surge in the volume of USD-denominated transactions. On-chain data from Cardano reveals that the Transaction Volume has consistently remained above the $2 billion mark since April 10th. During the period between April 10th and May 3rd, the Cardano network experienced a staggering 42% increase in the volume of dollars spent, showcasing the platform’s growing popularity and increasing adoption.
A recent report from Input Output Global, the entity driving Cardano’s development, reveals that the network has handled an impressive 65.4 million transactions over the past week alone. However, ADA’s volatility over the past month has raised eyebrows among experts, even in the face of substantial gains in transaction volume.
This prevailing trend can be attributed to a surge in whale activity within the network. The accumulation of coins in whale addresses signals an upswing in the confidence of larger players, a factor that frequently sparks bull runs in the market.
Cardano is surpassing its own milestones with the introduction of new features. A recent development from Input Output Hong Kong (IOHK), the company responsible for the Cardano protocol, has led to the activation of the first Hydra head on the mainnet. This achievement significantly enhances the scalability of the proof-of-stake (PoS) network and signals the beginning of a potential bull run.
ADA Price To Take Support Near This Level
Though the ADA bulls have successfully maintained the price above the EMA-100, they have failed to break the resistance of the EMA-20 trend line at $0.398. Bears are trying to utilize the bearish sentiment in the market by sending the price below $0.37. However, the bulls have not left the game as there is intense buying pressure near $0.37, holding ADA’s upcoming bullish goals.
As of writing, Cardano trades at $0.39, gaining over 2.5% in the last 24 hours. If ADA’s price takes support at $0.37 and rebounds, it will likely break above the 38.6% Fib channel and hit resistance at $0.41. If ADA continues to witness a massive inflow from $0.41, it can extend its bullish surge.
However, on the bearish side, if bulls don’t gain control near $0.37, ADA price’s bearish momentum will take speed. Cardano may touch the bottom level at $0.34.
Bitcoin Price Analysis: BTC Price Set To Surge 65% As Altcoin Season Nears, Predicts Expert
Bitcoin, the world’s most popular cryptocurrency, could be in for a remarkable uptick in the coming weeks, potentially triggering an altcoin season, according to Kevin Svenson, a well-known cryptocurrency analyst. In this article, we delve into Svenson’s predictions and explore what they mean for investors.
Bitcoin Primed for Significant Uptick
Svenson notes that Bitcoin is currently establishing a higher low along a parabolic trajectory, potentially leading to the next substantial thrust upward toward $48,000. This increase would signify a 65% gain from its current price, presenting a significant opportunity for investors.
Also Read: Bitcoin Price Prediction 2023, 2024, 2025, 2026 – 2030
Altcoin Season on the Horizon
Svenson believes that after Bitcoin nears the $50,000 mark, altcoins may begin to experience their own rallies. This pattern corresponds to Bitcoin’s behavior months before its last halving, with the next halving scheduled for early 2024. Svenson envisions a final dramatic peak in Bitcoin dominance before the onset of the altcoin season.
Investing in the Altcoin Market
Regarding the optimal time to invest in the altcoin market, Svenson approximates that June or July could be prime opportunities. Forward-thinking investors might even consider entering the market earlier in anticipation of this trend.
Related: Top 10 Altcoins Poised To Explode In the Month Of May – Coinpedia Fintech News
Bitcoin’s Performance
At the time of writing, Bitcoin’s value stood at $28,095. Its dominance rate, a metric indicating Bitcoin’s share of the overall crypto market, has risen significantly since the beginning of the U.S. banking sector crisis. TradingView data reveals that the dominance rate has escalated from 42% to 22-month peaks close to 49%, demonstrating Bitcoin’s superior performance compared to the broader market.
Federal Reserve Policies and Cryptocurrency
The continuing banking crisis has intensified expectations of additional liquidity easing measures by the Federal Reserve (Fed), implying an impending dollar depreciation. On Wednesday, the Fed increased interest rates by 25 basis points. The projected dollar weakness and adjustments to interest rates might further bolster Bitcoin’s bullish trend in the months ahead, making 2023 as bullish for crypto as many analysts have predicted.
XRP Price Explosion: Analyst Speculates on a Staggering 300% Surge
A recent analysis by prominent crypto analyst Egrag suggests that XRP could be on the verge of a staggering price surge ranging from 300% to 30,000%. Egrag’s prediction is based on a key indicator involving the 100, 200, and 300 moving averages (MA) on the 2-day timeframe chart.
The “Kaboom” Phenomenon
Egrag refers to the phenomenon as “Kaboom,” signifying explosive growth. He noted that when the 100 MA breaks above the 200 MA and subsequently crosses above the 300 MA, XRP has consistently experienced a massive rally, boosting its price by unprecedented scales. A similar bullish cross occurred in early 2021 when XRP was trading below $0.3, and the analyst believes that history may repeat itself.
Buyers Gaining Strength
At the time of writing, XRP was trading at $0.477. The cryptocurrency has successfully tested the support at $0.45, and the price has closed in green with every daily candle since. However, to secure a profit, buyers will need to demonstrate even more strength.
Although XRP has seen some growth, it may not yet be poised for a midterm rise. If buyers fail to fix the price above the $0.48 mark shortly, the likelihood of a drop to the support level at $0.4328 increases.
Breaking Key Resistance
XRP’s key resistance stands at $0.55, a level at which the cryptocurrency faced rejection multiple times in March and April. However, the more a level is tested, the more likely it is to break. If buyers can push the price back to this crucial level, a breakout could be on the horizon.
Bullish Outlook
As long as the support at $0.45 holds, the outlook for XRP remains bullish. With the MACD curving up on the daily timeframe, it appears that buyers are eager to see the price move higher. If Egrag’s analysis holds true, XRP may be on the cusp of a dramatic price explosion that could drive its value up by thousands of percentage points.
Top Altcoins Preparing For A Breakout Next Week: SOL, MATIC And LTC Prices To Surge Higher
Bitcoin is often considered the king of the hill. But lately, it seems like some of its younger siblings, the altcoins, are preparing to make their own mark in the industry. In fact, following the recent volatility in Bitcoin, many investors have started to switch to altcoins, leading to increased interest and potential for breakout performances in the coming weeks.
These Altcoins May Turn Your Portfolio Green
The recent volatility in Bitcoin has forced investors to look beyond the king of the hill and consider the potential of altcoins. While there are many promising projects in the industry, Solana, Polygon, and Litecoin are all preparing for potential breakouts in the coming weeks.
Solana Price Analysis
The buzz surrounding Solana (SOL) is gaining momentum as an increasing number of individuals are contemplating getting involved. The most recent Messari report reveals that the USD-denominated total value locked in Solana experienced a QoQ surge of 23.5%.
As of writing, the SOL price trades at $23.75, gaining over 6.5% from yesterday’s rate. Solana has successfully broken out of its bearish range as buyers provided momentum near the $22.8 level. In the event that the price surpasses the immediate resistance of EMA-200 at $25.16, it would indicate that the bulls have successfully absorbed the supply.
This would prompt the SOL price to endeavor a rally towards the formidable overhead resistance at $29.77, which serves as a crucial level for the bulls to conquer. If the bulls succeed, it may ignite a new upward movement, causing the price to surge to $38.8.
However, if the bears aim to thwart the rally, they must swiftly push the price beneath the EMA-100 support level at $21.6. This could potentially plunge the SOL token to the following support level at $16.49.
Polygon (MATIC) Price Analysis
Recently, Google Cloud partnered with Polygon to help developers to deploy their web3 products, sparking increased confidence among investors. Currently, MATIC price trades at $1.02, gaining nearly 3% in the last 24 hours.
Polygon’s long tail indicates that the bulls are vigorously defending the support level at $0.94, but the bears haven’t surrendered yet. However, the downsloping 20-day EMA at $1.05 and the negative RSI suggest that the bears currently have the upper hand. The sellers will attempt to halt the recovery in the area between the 20-day EMA and the resistance line. A breakout will likely occur next week above $1.08, sending the token’s price to $1.17.
If the price retreats from the resistance line, it will indicate the possible formation of a descending triangle pattern, which will be confirmed by a breakdown below $0.93. If this support level is breached, the MATIC price may experience a decline to $0.7.
Litecoin (LTC) Price Analysis
The current day has been highly volatile for Litecoin, with both bullish and bearish attempts to seize control proving unsuccessful. Typically, such volatile days are succeeded by a period of range contraction lasting a few days.
As of writing, LTC price trades at $91, surging over 2.7% in 24 hours. If LTC holds above EMA-20, it may break the resistance of $102 next week.
Will The PCE Figures Ignite a Cryptocurrency Surge? CEO of EVAI.io Weighs in
Matthew Dixon, the CEO of EVAI.io, the world’s first unbiased AI and ML-driven crypto ratings platform, has tweeted about the potential impact of the Personal Consumption Expenditures (PCE) figures on the crypto industry. According to Dixon, the PCE figures, which provide insight into inflation pressures in the US economy, could affect the value of the US dollar and risk assets such as cryptocurrencies.
This could be a significant market mover, as the data will be considered by Federal Reserve officials in the run-up to their rate decision next week. Any surprises in the data could prompt the central bank to consider tightening monetary policy sooner than expected, which could have significant implications for financial markets.
The potential impact of the PCE figures on cryptocurrencies is particularly noteworthy, as these assets have become increasingly popular as a hedge against inflation. If the data suggests that inflation is picking up, it could fuel demand for digital assets like Bitcoin, which have seen significant price appreciation in recent months.
Overall, the PCE figures are an important indicator of the health of the US economy and could have significant implications for the crypto industry and financial markets more broadly. Investors will be closely watching the data when it is released, and any surprises could lead to significant market moves in the days and weeks ahead.
US Bank Instability Triggers Surge in Demand for Promising, Secure Cryptocurrency Project
As uncertainty grips the financial sector following the collapse of Silvergate and Signature Bank, and with First Republic Bank (FRC) on the brink of a similar fate, investors are increasingly seeking secure and reliable alternatives.
Amidst this climate of instability, Sparklo (SPRK), a promising and secure cryptocurrency project, is capturing the attention of investors searching for a safe harbour in a tumultuous financial landscape.
First Republic Bank on the brink
Amid growing concerns about its financial stability, First Republic Bank is scrambling to address a massive capital outflow by unloading between $50 billion and $100 billion in debt instruments. Despite these efforts, the White House remains uncertain about the bank’s ability to stave off insolvency.
As reported by the Financial Times, top executives from First Republic Bank have met with officials from the Biden Administration, the Federal Reserve, and the Treasury Department to discuss potential solutions. Fox journalist Charles Gasparino has even suggested that the government may take over the bank through “receivership” after all other options have been exhausted, a move that could significantly impact the financial landscape.
A Surge in Demand for Promising, Secure Cryptocurrency Project
As concerns grow over the stability of traditional banking institutions, the demand for secure and promising alternatives in the financial sector has significantly increased. One such project gaining substantial attention is Sparklo (SPRK), a cutting-edge cryptocurrency that aims to revolutionize the way people invest in precious metals through its innovative platform.
The Sparklo presale is generating great excitement in the crypto world, as investors are eager to secure their positions in this promising new venture. The presale offers an affordable entry point of $0.015 per token for those looking to invest in a potential blue-chip cryptocurrency before it becomes widely available on the open market. The attractive pricing during the presale phase further adds to the appeal of Sparklo, making it an enticing opportunity for those looking to diversify their financial portfolios.
The core innovation behind Sparklo lies in its unique approach to fractionalized investments in silver, gold, and platinum. By leveraging minted and fractionalized non-fungible tokens (NFTs), Sparklo enables investors to participate in alternative investment opportunities that were previously out of reach for many. This groundbreaking concept has the potential to reshape the landscape of digital asset investment and attract a broad range of investors seeking novel ways to diversify their holdings.
In addition to its pioneering platform, Sparklo has also formed strategic partnerships with jewellery stores, granting investors exclusive first access to new products and discounts. This real-world integration further enhances the value proposition of Sparklo, making it an even more appealing choice for investors.
Moreover, Sparklo has successfully passed its audit with Interfi Network and will have liquidity locked for 100 years, ensuring unparalleled security for its investors. This commitment to transparency and security is another key factor driving the growing interest in Sparklo, as trust and reliability are paramount in the ever-evolving world of cryptocurrency.
Conclusion
In summary, the surge in demand for Sparklo (SPRK) can be attributed to its innovative platform, affordable presale pricing, real-world asset integration, and robust security measures. As the cryptoverse continues to expand and evolve, Sparklo stands out as a promising, secure alternative for investors seeking new opportunities and ways to protect their wealth amidst an uncertain financial landscape.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Bitcoin Price Breaks $29K – Will BTC Surge Above $30K In Next 24 Hours?
As shares of First Republic Bank fell 50%, concerns about a fresh banking crisis in the United States led to Bitcoin reaching highs around $29,000 on Wednesday morning. According to analyst Crypto World on YouTube, the bullish trend for Bitcoin is not yet confirmed. At the time of writing, Bitcoin is slightly trading above the $29k level.
He said that the price is entering a significant area of resistance on the daily time frame between $28,000 and $29,500. They also highlighted that over the last one and a half weeks, Bitcoin has seen short-term bearish momentum.
He said, “We have not yet confirmed the continuation of that bullish Trend as in we haven’t confirmed the next significant upside so we’re still currently within this cool-off phase until we see a little more confirmation here on the daily time frame such as a break back Above This resistance in the price action or a bullish cross here in the MACD.”
The analyst said that we’re likely to go towards this price target, which is set at about $28.4k if Bitcoin sees a break above $27.8k. This area of resistance, which is the next significant one in the short term, is located between $28.7k and $29k and added that the market is in a larger bullish trend.
Talking about the outlook for the short-term, he said, “But on the smaller time frames I am currently leaning more bullish than bearish because we simply have multiple bullish confirmations signals here on the four-hour time frame and speaking of bullish confirmation signals taking a look at the funding rates for Bitcoin, Ethereum and all of these other coins because right now the funding rates across most exchanges for most of these coins are currently sitting in the negative.”
BTC Price Analysis: Bitcoin Price To Surge 10-12% In Coming Days
Bitcoin price edged 3.4 percent in the past 24 hours to trade around $28,346 during early Asian markets on Wednesday. The top digital asset by market capitalization is retesting last month’s resistance zone. A rejection at this level could result in a head-and-shoulder technical formation that leads to further capitulation in the coming weeks. On the brighter side, a breakout above the current zone could lead to a short squeeze to retest this year’s ATH.
Captain Faibik’s Take on Bitcoin Price Action
According to a recent analysis by a popular crypto influencer and analyst on Twitter @CryptoFaibik, Bitcoin price could be forming an ascending broadening wedge in the daily time frame. In the four-hour time frame, Bitcoin price has formed a possible double bottom that could validate an ascending broadening wedge. As a result, the analyst forecasts Bitcoin price is headed to make new highs in the coming days.
Also Read : Bitcoin Price Prediction 2023, 2024, 2025: Will BTC Price Mark New High’s In The Coming Days?
“If Bulls Reclaim the 28.7k Resistance, Expecting +10-12% Bullish Rally in Coming Days,” the analyst noted.
Bears in Disguise
In this regard, the formation of an ascending broadening wedge on the daily time frame is an indication the bears are attempting to take control amid buying pressure. In most cases, the ascending broadening wedge is fast followed by a bearish trend on a peak reversal. As a result, crypto traders should take note of possible bear traps that could push Bitcoin price towards $25k in the coming weeks.
Bigger Picture
After enjoying a profitable first quarter that invalidated last year’s logarithmic downtrend, the crypto market is expected to consolidate in the coming quarters before the next Bitcoin’s halving. Furthermore, mainstream investors are preparing to enter the crypto market following increased clear regulatory frameworks around the world led by the European Union.
Analyst Maps Higher Targets for Bitcoin (BTC) Price, Predicts 15% Surge For INJ Price
The crypto markets have begun to recover after being under bearish influence for a couple of days. While the prices of the top cryptos have begun to surge, some of the mid-cap altcoins have been displaying immense bullish momentum. One of the top analysts, Captain Faibik, rolls out the predictions for Bitcoin (BTC) and Injective Procotol (INJ).
Bitcoin price has been trading along with the rising trend line and recently ignited a bounce, aiming to head toward immediate resistance. Therefore, the analyst believes the price may face an interim swing that may rise levels above $30,000 soon.
“BTC is Bouncing Back,
According to Ascending Broadening Wedge Formation, if bulls reclaim the 28.7K resistance, Expecting a +10-12% bullish rally in the coming days,”
The price may maintain a healthy upswing for a while and reach beyond $30,000 and may face an interim pullback. After a brief consolidation, the price may begin with a strong upswing and reach levels close to $32,000 and may even reach beyond $32,500.
INJ Price Analysis
Secondly, the analyst sheds light on Injective Protocol price prediction. The price has maintained a fine descending trend for nearly a week. The recent rebound which sparked raised the levels from around $6.4 to as high as $8.5 in no time.
“$INJ Descending channel breakout in 1H TF Chart..!!
Looks Promising for +15% Bullish Rally in Short Term..”
Now that the Injective Protocol price reached the exact target, the price may certainly maintain a fine upswing ahead. Therefore, the analyst now believes the price may surge by 20% and if it does so may even reach beyond a double-digit figure.
The crypto markets are believed to follow the star crypto and hence if Bitcoin price finds some stagnancy, then a significant upswing may be imminent.
Tug of War Between Bulls & Bears; Will Bitcoin (BTC) Price Surge to $30,000 or Drop to $25K?
The crypto markets are on a roller coaster ride nowadays as the prices of the top cryptos have turned uncertain. The bitcoin price, specifically, is showing immense weakness, which may negatively impact the crypto price in the coming days. Besides, some believe the bulls have been constantly accumulating strength so that they can push the prices up above the intermediate barriers frequently.
Therefore, amid the conflict to gain supremacy between bulls and bears, what may be expected from the Bitcoin (BTC) price in the next few days? To determine the next plan of action for the Bitcoin price, considering the below fractals is pretty important.
Bitcoin Trading Volume
The trading volume in the past 24 hours is directly proportional to the price of the token. A rise in levels usually uplifts the price, and a drop ignites a plunge. However, an inverse action has been recorded, as a drop in volume has triggered a notable rise in the BTC price.
It indicates that the bears have not yet intervened in the bullish action and are busy elevating the price above $30,000. Now that the volume has slightly shifted towards the bears, the price has begun to consolidate within the narrow regions.
Bitcoin Circulation
The total BTC in circulation is also considered one of the important metrics that help to maintain the popularity of the token. Conversely, a rise in the levels usually prompts a slight decline in the price as it reduces the demand. Besides, a drop in circulation may lift the prices up as it makes the token scarce.
However, the daily circulation of BTC has remained unchanged since the beginning of the year. Besides, the 30-day average of the circulation also manifests a similar trend, indicating that neither new coins were added to the circulation nor taken down. Despite this, the price maintained a significant upswing, which may end up squeezing the market to a large extent.
Also Read : BTC Price: Decoding The Possibility of Bitcoin Dropping Below $20K
Bitcoin Daily Active Addresses
The daily active address is the address that is actively interacting with the platform. All the addresses are considered regardless of whether it is a buy, sell, or swap address, but only once per day. The rise in the DAA indicates the rise in popularity of the token along with growing demand that maintains high volatility.
The DAA has maintained a stagnant trend largely regardless of price movements. The levels were the same when the BTC price faced a massive sell-off and also when the price underwent a significant upswing. Therefore, it indicates the dominance of bears, which have been outpowered by bulls at the moment.
Also Read : Bitcoin Live News: Awakening of Long-Dormant $BTC Whales, What Next For BTC Price?
Collectively, the bulls and the bears appear to be in tough competition to display their supremacy. Thus, the price is believed to maintain a consolidated trend until either of them displays its weakness. Therefore, it would be pretty early to say whether the prices may soar beyond $30,000 or drop below $25,000 as it continues to hold above the pivotal support at $26,900.