Bitcoin (BTC) Price to Surge 8x If This Scenario Plays Out – Here’s How and When
A three-year low was reached in the market when FTX crashed, wiping away billions in client deposits. As a result of the FTX fiasco, Bitcoin fell to $15,500 and appeared to be headed considerably lower. Bitcoin has since recovered and posted considerable returns and is now hovering near the $23k mark.
However, the market appears to be split; some analysts feel that Bitcoin’s low point was reached in November 2022, while others predict increased volatility and a still-lower low point in the near future.
According to research posted by an unnamed researcher going by the handle @TechDev 52 on Twitter, Bitcoin may be about to experience another impulse based on the indication that has anticipated its upsurges throughout the entire history.
The momentum indicator known as the moving average convergence/divergence (MACD, or MAC-D) is once again in the “green zone,” which is typically indicative of “bullish” emotion.
The analyst also monitored the changes in the rate of the China Government Ten-Year Bonds (CN10Y) relative to the U.S. Dollar Index (DXY). Just recently, this indicator crossed over its 1-year moving average line.
In 2010, 2012, 2013, 2017, and 2020, this combination of events constituted a reliable indicator for Bitcoin. When it last appeared, the price of Bitcoin increased by 8 times between Q4 2020 and Q1 2021.
After the US jobs report on Friday, bitcoin moved roughly 2% down to trade at around the $23,250 level. The US Bureau of Labor Statistics said that in the first month of 2023, the labor market added 517,000 jobs. The data showed an unexpected increase, surpassing the 188,000 economists had predicted.
Aptos Labs Announces New Features – APT Price Massive Surge On Horizon!
The Aptos (APT) network, a layer 1 (L1) blockchain that has attracted significant crypto attention, has rallied more than 385 percent in the past 30 days. Trading around $18.25 on Thursday, the APT market has recorded total liquidations of about $6.08 million in the past 24 hours. As more traders take profits, the APT bulls are losing the rising momentum that has existed for the whole of January.
As such, the latest layer 1 blockchain with huge on-chain activity may be looking into an imminent correction. Furthermore, the APT price in the four-hour time frame has broken from a rising trend line.
Nonetheless, the Aptos developers are busy building infrastructure to onboard more NFT and crypto traders. As a result, the Aptos price could rally onward to the price discovery region and set new ATH.
Aptos (APT) Network Welcome New Upgrades
Backed by hundreds of developers distributed around the world, the Aptos network is constantly getting upgrades to meet the demand for decentralized applications. On Wednesday, the Aptos blockchain announced the release of a new upgrade dubbed v1.2.4. Notably, the Aptos node upgrade is meant to bring new features and enhancements to the developers and reciprocate to users.
With the new upgrade, the Aptos blockchain added exponential back-off to reduce timeouts for full nodes in low-bandwidth environments. Additionally, Aptos v1.2.4 has made several small performance optimizations to reduce latencies and better handle timeouts.
Previously, the Aptos team had made several changes including some that could render the network incapacitated.
“Our team also fixed a couple of bugs that had the potential to crash the validator or DoS the system. We identified these issues as part of our routine third-party auditing and bug bounty program,” Aptos Lab noted.
Bitcoin (BTC) Price Set To Surge High As Miners Halt Selling
The Bitcoin market has seen an upward trend in the past 24 hours, reaching a high of $24,000 earlier today. With the current price trading at around $23,869 in the Asian market, the market has seen a 3% increase. Market analysts predict further growth in the future, driven by both fundamental and technical factors.
Bitcoin Price Outlook from Puell Multiple’s Perspective
One such indicator that maps out Bitcoin price is the Puell Multiple. This is calculated by dividing the daily value of Bitcoins in U.S. dollars by the 365-day moving average of its daily value. According to the Puell Multiple, there may be relief on the horizon for Bitcoin miners who have been under increased sell pressure in the past year.
In the past, every time the Puell Multiple entered the green zone, it resulted in significant returns in the following months. Currently, the Puell Multiple has been in the green zone for 191 days, which suggests further upside movement in the price of Bitcoin. Philip Swift, the founder of lookintobitcoin.com, highlighted the relief for miners, stating that
“the Puell Multiple shows recent relief for Bitcoin miners. After 191 days in the capitulation zone, the Puell Multiple has rallied, showing relief for miners via increased revenue and likely reduced sell pressure.”
If Bitcoin continues to rally, this could trigger a pump in other cryptocurrency markets, including meme coins such as Dogecoin, Shiba Inu, and Baby Dogecoin. Additionally, a study has shown that more money is flowing from large caps to lower caps. Overall, the outlook for Bitcoin remains positive, with market indicators pointing to further growth in the near future.
Bitcoin Price Surge Is Mostly During US Hours!
Bitcoin is strongly holding on to its $23,000 range and is leading the crypto bull market. The flagship currency which had reached $15,000 area after FTX collapsed, is now maintaining its $23K range and is pushing hard to move beyond this level.
At the time of writing, Bitcoin is selling at $23,012 with a gain of 0.16% over the last 24hrs.
While the Bitcoin attempts to move towards its next target, industry experts speculate for a correction ahead. Among them is Michael van de Poppe who claims that traders are no longer showing interest in going long for Bitcoin. This is because he believes that BTC will face a rejection at $23,600 area. He is of the opinion that BTC will face lower price levels in the days to come.
US Investors Drive Bitcoin Price Hike
When we look at the reasons for the current crypto market rise, the majority of the claim will be towards the upcoming CPI report and the decreasing inflation rate. However, Matrixport, a crypto service platform claims that the recent Bitcoin price hike is led by US institutional investors. As per the report, since the start of 2023, Bitcoin has gained more than 40% and amongst this 35% of the gain was during US trading hours. Hence, the platform claims that the majority of the bull run is due to US investors.
Further the report briefs that if any asset, especially the one that trades for 24hrs, is seeing a massive gain during the US hours it just means that institutional investors are the one who are purchasing. On the other hand if the gain is during Asian hours, it means that it’s the Asian investors who are making the purchase.
Bitcoin Golden Cross Ahead – Can BTC Price Surge More Than 100% in Feb?
Ever since the year started, Bitcoin has been making some pretty good price movements. The king crypto has increased by a whopping 39% in the past 30 days.
This impressive action has sparked enthusiasm among traders and investors alike, and this month is on its way to becoming the best one Bitcoin (BTC) has had in a decade.
Best January in a Decade
The last time BTC had a better price movement in January is 2013 when it rose by 43% in just four weeks.
Bitcoin investors have seen negative returns in January six times out of the previous ten years, while on the other four occasions, they have seen double-digit marked increases. None was, of course, as good as this one.
Bitcoin’s price action appears to be setting up for a continuation of its recent climb from a technical point of view as well. As can be seen in its chart, a golden cross is very close to forming on the daily time frame, which is a bullish omen for the market.
After a prolonged period of Fear and Extreme Fear, the widely followed Bitcoin Fear & Greed Index just went back into the neutral zone (that is, above 50) for the first time after moving back and forth between Extreme Fear and Fear for quite some time.
The start of the subsequent Bitcoin bull market is typically when a sustainable rebound back into neutral occurs, like at the beginning of 2019 and then once more in the middle of 2020.
The entire crypto market is on a surge. The recent increase in cryptocurrency prices can be linked to the possibility that interest rate hikes will no longer be implemented. The fact that riskier investments, such as cryptocurrency, have been less appealing over the course of the past year as a result of increased interest rates makes the likelihood that they will fall down an incentive to invest.
Aptos (APT) Price Skyrockets 120% – Discover The Top Reasons Behind The surge
As expected, the altcoin market, led by Aptos (APT), has rallied higher compared to Bitcoin in the past few weeks. Short-term holders and crypto miners have been reported taking profits after a year-long bear market. According to aggregate data provided by Coinglass, over $109 million has been liquidated in the crypto market and APT is the third largest after Ethereum and Bitcoin.
Reportedly, over $14.5 million has been liquidated by APT traders in the past 24 hours after the asset retested an ATH set immediately after launching. The psychological resistance level coincides with an overbought RSI indicator that signals an imminent retrace.
Closer Look at Aptos (APT) Market Outlook
The newly launched layer 1 blockchain has attracted huge crypto investors’ attention in the past few weeks. According to our latest crypto price oracles, APT has rebounded from $3.2 to a high of around $20 in the past four weeks. The APT price action is well bolstered by the institutional investors including Binance that have supported the projects.
Most importantly, on-chain data shows that Aptos’ top 20 investors hold a total of 155,576,835 $APT worth approximately $2.76 billion. As a result, these APT whales account for about 15.3 percent of the total supply.
Interestingly, the top address “Aptos 1” received a total of 729,000 APT worth approximately $12.78 million in the past 24 hours. However, the address sent out over $13.44 million in the same period.
Notably, Aptos undertook several fundraising to support its Web3 development projects. Moreover, the Aptos project involved over 350 blockchain developers in the past two years before launching. The crypto project raised over $350 million last year from key investors like Andreesen Horowitz, Coinbase Ventures, and Paxos, among others.
BTC Price Rally: Expert Economist Predicts Massive 50% Surge for Bitcoin
Bitcoin price has hit a psychological resistance level at $23k after breaking through last week’s roof around $21k. On one hand, short-term traders and miners are taking profit from the relief rally after the painstaking bearish sentiment last year. On the other hand, long-term holders have been identified as taking the opportunity to stash more coins in the past few weeks.
As such, popular crypto economist Alex Kruger has highlighted that Bitcoin hitting $30k to $35k this year is very doable. However, Kruger cautioned traders that a retrace to the $19k to $23k is also likely as the market stabilizes.
Bitcoin Price Action Outlook
In his remarks, the longtime crypto economist highlighted that risk-averse traders will have a chance to enter the Bitcoin market after the price dips from $32k to $28k later this year.
In the comment section, one of the followers asked if a fall in market equities this year will affect the crypto market. Moreover, a lot of institutional investors have directly exposed themselves to the crypto market including Tesla which just reported a $184 million Bitcoin bag. In his response, Kruger noted that the correlation between Bitcoin and the market is insignificant to account for huge price actions.
“A drop from earnings is not my base case and look at most big moves in crypto they are not in tandem with equities any longer … correlation is still there but accounts for a small fraction of PA. A very hawkish FOMC could do it but next FOMC looks like a cointoss to me,” Kruger noted.
Kruger‘a remarks in Bitcoin price action have been reiterated by crypto analyst Altcoin Sherpa who thinks Bitcoin will repeat a similar move in 2019 but with lesser volatility.
Bitcoin Price Forecast: Here’s When BTC Price Will Surge Above $50K
Bitcoin price has retested $23k in the past seven days after a sudden breakout from last week’s $21k resistance level. As a result, a popular analyst dubbed PlanB has highlighted that Bitcoin’s realized return just turned positive. According to the analyst, Bitcoin sellers are now taking profits instead of cutting losses.
In a recent YouTube video, PlanB highlighted his predictions for Bitcoin price in the next few years. However, not all his previous predictions materialized in the past. For instance, PlanB had predicted Bitcoin price will hit a $100k base price during the 2021 bull market and a high of over $240k. Bitcoin price, however, hit an ATH of around $69k and retracted to trade at about $15.5k last December.
Nonetheless, the analyst has made specific calls that materialized timely in the past. Forward, PlanB expects Bitcoin to trade above $32k during next year’s halving. Additionally, the analyst forecast that Bitcoin price will trade above $100k during the 2025 bull market.
Bitcoin Market Outlook
Bitcoin price has hit a psychological resistance level of around $23k with onchain data suggesting mixed reactions. According to an on-chain analytics firm, Santiment increased crypto social interactions and FOMO may cause the market to form the top. The increased sell pressure from Bitcoin miners and short-term holders may lead to an imminent price reversal.
According to aggregate data provided by Coinglass, a total of $108 million has been liquidated from the crypto market in the past 24 hours. Bitcoin and Ethereum lead in liquidation with approximately $27.57M and $30.02M respectively.
Meanwhile, long-time Bitcoin critic Peter Schiff thinks the last bull market was a hoax and the price should be below $10k.
Bitcoin Price Surge Above $23K ! Will The BTC Bull Rally Continue in Coming Week?
It is very evident that the bulls are continuing to exert their influence as Bitcoin’s surge continues. The on-chain signals for the king cryptocurrency reveal that the overall sentiment is optimistic.
At the time of this writing, Bitcoin price is equivalent to $23,035, an increase of 9.3% over the course of the previous 24 hours and 16% over the course of the previous seven days.
Although Bitcoin is getting closer and closer to recovering its 200-week moving average, investors and traders are still very wary of the bullish BTC price movement.
Is Bitcoin Aiming for $30k?
This level of resistance is formed by the intersection of the horizontal hurdle located at $23,384 and the 200-week Simple Moving Average (SMA), which is located at $24,645. The price of bitcoin has not fallen below this SMA since June 2022, with the exception of a short period in March 2020.
The bulls are probably going to go for this hurdle as their next objective. If the price of Bitcoin is able to overcome this juxtaposition, namely by transforming $24,645 into a support floor on a weekly timeline, then the route will be clear for it to attempt to break the $30,000 threshold.
The bullish action seems to be unshakeable; nevertheless, a rejection at the aforementioned 200-week simple moving average located at $24,645 would be an important indicator for a bearish outlook. In the event that the support level of $19,301 is breached, this will serve as an additional confirmation of the bears taking over.
But like I said, the bulls seem unwavering right now. Signals are pretty strong and all technicals point to Bitcoin breaking bullish. This could very well be the end of that prolonged bear market. It might tumble a little, as it tends to, but I genuinely believe the worst is over.
Shiba Inu (SHIB) Continues to See Massive Surge Following Shibarium Update
The Shiba Inu (SHIB) cryptocurrency, which is the world’s second-biggest meme token, has been doing quite well as of late. The value of the token has increased by 3.7% in the last twenty-four hours and by 24% in the last seven days. This comes after a short period during which it seemed to be falling, but it has now returned to its upward trend.
Community Remains Excited for Shibarium
Following the unveiling of the first glimpse of SHIB’s forthcoming layer 2 network Shibarium, which is something the community has been eagerly expecting and is pretty thrilled about, the token seems to be continuing its rally along with the rest of the market.
The developers have emphasized that Shibarium will be made available in stages. Inside the Shibarium protocol, the native token of the project, which is going to be referred to as BONE, will be used to pay for gas transactions as well as reward validators and delegators.
It is expected that Shibarium’s beta testnet, which is a blockchain that simulates the operation of the actual world, would go live in just a few weeks.
In addition to its usage as a cheap settlement for decentralized apps (dApps) established on the network, the developers of Shiba Inu have said that Shibarium would have an emphasis on metaverse and gaming applications.
This is particularly important considering that the NFT sector is anticipated to witness another massive hype again in the near future.
It’s also possible that the launch may contribute to SHIB and other related cryptocurrencies having solid foundations and massive price surges.
It is interesting to note that any transaction carried out on Shibarium will result in the destruction of a certain quantity of SHIB tokens; however, the precise number that will be destroyed has not yet been determined.
SHIB’s signals at press time are showing neutral, but a bit heavier on the bears’ side, so let’s hope that the current bullish action overpowers the bears and sticks around for a long time.
HedgeUp (HDUP) And Huobi Token (HT) Surge in Popularity Amid Crypto Market Uncertainty
The crypto market this year could be a great one. Cryptocurrency investors are already ecstatic about the recent price surge. Dead cryptos are resurrecting, and new coins are up for success.
The kick in the Huobi Token (HT) price is a headway for crypto investors to remain optimistic. Aside from the Huobi Token (HT), HedgeUp (HDUP) is another eye-catching crypto. Investors are expected to be watchful of HDUP as the coin is ready for substantial returns.
HedgeUp (HDUP) could be one of the best coins this year. Its utility is second to none. It offers crypto investors an unparalleled means of partaking in alternative investment products. Members of the HedgeUp (HDUP) community members can purchase low-volatility alternative products like gold, diamonds, luxury watches, and more. The uncertainty of the crypto market could be a plus or a minus for investment. However, with the HDUP token, investors could attain investment growth with a broader overview of products to invest in.
Let’s dive into discovering the hidden potential of HedgeUp (HDUP) as it surges in popularity with the Huobi token (HT).
As The Popularity of HedgeUp (HDUP) Increases, Can It Be Successful Like Ethereum (ETH)?
As HedgeUp (HDUP) increases in usability, the platform seeks to enhance investors’ flexibility in alternative products. The platform bridges the gap between conventional and cryptocurrency investors. As the first alternative investment network, the platform aims to increase awareness. It also focuses on simplifying the alternative investment market.
Investing in HedgeUp (HDUP) could amount to great wealth as the cryptocurrency is analyzed to yield potential returns of 28% or more per annum. The platform combines HDUP as the native token and NTF collections to give members the best user experience. Unlike any other platforms, users of the HedgeUp (HDUP) are offered the privilege of owning a partial share of an NFT asset. With just the $1 equivalent of HDUP, members of the HedgeUp community can gain access to the investment marketplace.
The Hedgeverse is another crucial concept that aims to boost business growth. Hedgeverse was integrated to help entrepreneurs and every other person reach their goals. Entrepreneurs, firms, and start-ups can organize meetings, classes, or seminars within the space. It is a beautiful place to be.
The HedgeUp (HDUP) community also uses decentralized autonomous organizations (DAOs) to give members a voice in the ecosystem. The core reason for integrating the DAO is to oversee the ecosystem’s investment, liquidity, and allocation of funds. It will allow investors and traders to understand the coin more readily.
Can Huobi Token (HT) Continuously Rise and Yield More Profits?
Every investor loves a profitable investment. The boom in the price of Huobi Token (HT) as Justin Sun took on the position of exchange advisor is a gain for many investors who seized the opportunity.
Huobi Tokenoken (HT) was created in 2018 to reduce the exchange’s commission rate for trading operations. The platform allows users to purchase VIP status plans monthly. These plans permit users to receive discounts on transactions made.
The Huobi Token (HT) is built and secured on the Ethereum blockchain. The HT cryptocurrency serves as the native token for the exchange Huobi Global. Huobi Token is a popular cryptocurrency traded for any other cryptocurrency in the marketplace.
The HedgeUp platform is fast-growing with unique utilities. With the purchase of its native token, users can gain access to incredible offers within the ecosystem. As the need to diversify investments is paramount, HedgeUp (HDUP) offers a range of alternative products that attract investors worldwide.
As HedgeUp (HDUP) has grown in popularity, now may be the best time to invest in it. It is needed just before it skyrockets in price.
Will Bitcoin (BTC) Surge Above $25K By January End? Here’s What Analysts Are Saying
After scaling slightly above $19,000 in the past 24 hours, the price of Bitcoin stabilized around $18,870 on Friday. With historical crypto volatility often recorded during weekends, attention is focused on whether Bitcoin will reach $22,000.
Notably, Bitcoin lost the $18,000 support level in early November 2022 following the collapse of major cryptocurrency exchanges FTX and Alameda Research. The daily close in the next week will be crucial in determining the asset’s bottom for the 2022 bear market.
Additionally, analysts led by veteran trader Peter Brandt believe that the Bitcoin market is on the verge of completing the bear market and entering a year-long consolidation period before retesting its all-time high of 2021.
“Bitcoin has been very predictable with multiple x advances followed by 80% declines and multi-quarter consolidations prior to new ATHs and then multiple X advances. I do not expect Bitcoin to run away to the upside, but rather work higher toward late 2023/ early to mid-2024 when the ATHs are retested,” noted.
Bitcoin to the Moon
As the mother coin, Bitcoin’s dominance has remained significantly high during the 2022 bear market. In the past 24 hours, Bitcoin’s dominance has risen to 40.2%, with a market capitalization of approximately $363,130,843,884 and a trading volume of about $43,151,331,960. Ethereum (ETH) closely follows with a market dominance of approximately 19%.
According to Rekt Capital, if Bitcoin’s dominance continues to rise in the coming week, $20,000 will be very likely. Additionally, many traders anticipate a possible pullback and are scalping for short-term gains.
The release of the United States Consumer Price Index (CPI) earlier this week indicated a weakening dollar in global purchasing power. However, the CPI data also gave the Bitcoin market confidence to trend against inflation.
The Bitcoin market received a significant boost after South Korea’s leading tech company Samsung, through Samsung Asset Management, unveiled the Samsung Bitcoin Futures Active ETF, dubbed the Sub-Fund, which is a subsidiary of the Samsung ETFs Trust III, and listed on the Chicago Mercantile Exchange (CME).
The altcoin market is expected to follow suit as FOMO traders speculate on the next rallying asset. This is evident with Aptos (APT), which has rallied over 28% in the past 24 hours, trading around $6.69 on Friday. However, there are also market losers, such as Solana’s BONK, which has lost 67% of its value in the last seven days, trading around $0.000000909152 on Friday.
Altcoin Dominance Surge 64%, A Massive Fall For Bitcoin Ahead ?
The beginning of the year 2023 has impacted positively on cryptocurrencies, especially the last one week . During this time the majority of cryptocurrencies like Bitcoin, Ethereum, BNB, Cardano and other altcoins have remained bullish. Currently, in the last 24hrs Bitcoin has gained 4.05% while Ethereum has surged 4.87%.
However, it’s been observed that altcoin dominance has now hit its highest level while that of Bitcoin’s has slipped to its lowest level. CryptoQuant analyst claims that Bitcoin dominance has dropped to 16%.
Altcoin’s Dominance Surge Against That Of Bitcoin
The dominance by volume is an indicator which measures the total crypto market trading volume which is shared by one particular currency. If this indicator rises for any crypto it suggests that the currency is currently seeing high activity compared to other currencies. On the contrary, if the dominance decreases it means that the particular coin is losing interest among its investors.
The below graph represents the dominance by volume of Bitcoin and altcoins (except Ethereum) in the last few years. By this graph we can clearly learn that Bitcoin’s dominance by volume has plunged to hit 16% which is the lowest in the last two years.
However, the altcoins dominance by volume has surged a whopping 64%. This claims that Bitcoin has lost its market share to altcoins.
CryptoQuant has marked this phenomenon as a not so good event as whenever altcoins have surged the bulls have not held up well resulting in a massive fall. The firm gives an example of the 2021 bull run which took place when altcoins had a higher trading volume dominance against Bitcoin. However, the rally didn’t last for long as immediately after 2021 ended, the year 2022 had severe downfall including FTX collapse.
Hence, though the crypto market is observing a bullish trend, if history repeats this bull action won’t last for long.
Dogecoin to See a Massive Surge Soon? DOGE Price To Surge 30% In Coming Days
Dogecoin (DOGE), the most popular meme token in the world, had an unexpected increase in value a few days ago, which prompted excitement among supporters. Nevertheless, its duration was not very long at all. As this article is being written, the value of the token has decreased by around 2% in only the last twenty-four hours.
In recent times, the DOGE cryptocurrency has not been doing all that well in general. But we shouldn’t throw away all of our optimism just yet. A well-known market expert forecasts that the value of dogecoin will shortly skyrocket dramatically.
DOGE Will See a Surge Soon
Cantering Clark, a well-known pseudonymous analyst, recently informed the followers of his Twitter account that despite the fact that the 24-hour chart for DOGE is now negative, the top meme currency is actually bullish since it has continued to remain above its multi-month support level of about $0.07. At the time of this writing, one DOGE is equivalent to $0.0752.
The expert predicted that cryptocurrency traders would ultimately invest their profits from trading altcoins in Dogecoin, which would trigger a surge toward his goal price of $0.10, which would be a 30% increase in the current price.
His words were:
“There is simply no way that we see sector rotations and sustained pumps without seeing DOGE catch a bid. Multi-month value is holding as support. Lows back through November probed and then reclaimed. Looks good for much higher.”
Could 2023 Be DOGE’s Year?
After Dogecoin’s (DOGE) price hit a difficult patch in the previous months, crypto traders and investors have been attempting to anticipate what the future holds for the dog-themed meme coin this year.
Particularly noteworthy is the fact that significant cryptocurrency investors (known as “whales”) have lately started paying attention to Dogecoin. On the other hand, the token’s trading volume has dropped by approximately 40% in the previous 24 hours.
Dogecoin Is Now One Of The Most Traded Crypto, Will DOGE Price Surge 100% By End of The Week?
The world’s largest cryptocurrency, Bitcoin has been moving between bears and bulls since the start of 2023. The same is followed by Ethereum and other altcoins. Though the year 2022 has not been in favor of the crypto market, it looks like the market is trying to hold up well since the start of 2023. Among the currencies that are now showing some strength is Dogecoin.
Dogecoin, which has been submerged in a bearish atmosphere in the last two years, is now witnessing some positive changes. As per WhaleStats, a crypto analytic platform, Dogecoin is one of the top 10 tokens that Binance Smart Chain (BSC) whales have racked up in the last 24hrs. These top 10 tokens also include XRP, Filecoin (FIL), and Terra (LUNA)
This has fueled Dogecoin’s trading volume which has surged more than 300% in just a span of one day along with its market cap which has managed to hit $10.3 billion with an increase of 8%.
At the time of publication, Dogecoin has gained 1.31% over the last 24hrs and is now trading at $0.075.
Dogecoin, One Of The Most Traded Crypto
Dogecoin whales were not this active back in 2022, but it’s been just a month that the BSC whales are leaning towards the meme coin. The data also reveal that in the first week of December 2022, the top 100 BSC whales are holding nearly 97 million Dogecoins. However, in the second week, these whales accumulated another 80 million DOGE.
Interestingly, by December 25, 2022, Dogecoin turned out to be one of the most traded cryptocurrencies by the top 100 BNB holders.
However, it’s not the same when it comes to Dogecoin’s daily trading volume as the Santiment report claims that in the last two years, Dogecoin’s trading volume has been on a sliding pattern. Currently, Dogecoin’s trading volume accounts for $402 million in the last 24hrs.
On the other hand, if Dogecoin manages to maintain its bullish pattern, the meme king can easily move past its immediate resistance of $0.080.
Bitcoin Price Trapped at Crucial Crossroads Despite Weekend’s Surge Above $17k: Analyst
Bitcoin’s (BTC) price has surged to a three-week high after Sunday’s breakout above $17k. A continued crypto bullish sentiment could push Bitcoin price towards last December’s high of around $18,300. However, the tension in the Bitcoin and cryptocurrency market remains high in the coming weeks with DCG insolvency fears.
Additionally, the Fed chair Jerome Powell is expected to speak on key monetary policies tomorrow and Consumer Price Index (CPI) data is expected later this week.
Nonetheless, the crypto market has received bullish sentiment from several analysts supported by key on-chain data. For instance, Glass node data on open futures contracts show more calls than put – buying and selling of underlying assets respectively – on Bitcoin trades in 2023 Q1. Notably, the Bitcoin open futures market is used as a liquidity and volatility indicator on the spot prices.
As the FTX and Alameda debacle continues, analysts believe crypto prices have already factored in these events. Thus, the ongoing fiasco between Digital Currency Group and Gemini Earn customers could be signaling the end of the 2022 bear market.
Closer Look at Bitcoin Price Action
According to CryptoQuant’s on-chain analyst VentureFounder, the Bitcoin market is at a crucial crossroads that could lead to a 20 percent outburst. Having retested the $16.3k support for the past two months, VentureFounder believes Bitcoin price is on the precipice of a major breakout.
“Bitcoin has been stuck between $16k and $18.5k for 2 months now. Watch this range very very carefully, a break from either direction can bring 20% volatility, which could happen soon. A definitive break of $16k could see $13k, make $18.5k support we can see $22.5k,” the analyst noted.
After outlining fundamental points on Bitcoin and Ethereum including inflationary data and historical analysis, Zhuoer concluded the latter will be out of the bear market earlier than the former.
Meanwhile, the global cryptocurrency market cap today is $887 Billion, up approximately 3.3 percent in the last 24 hours. Bitcoin has a market dominance of approximately 37.4 percent while Ethereum follows with 17.9 percent.
Top Layer-1 Protocol’s Avalanche And Polygon Survive FTX Tidal Wave, Orbeon Protocol See Price Surge 805%
The downfall of FTX, one of the leading cryptocurrency exchanges in the world, created a domino effect that left almost every cryptocurrency in the red zone.
The FTX tidal wave also came at a time when the entire market was struggling against a year-long bearish trend.
While the effects of the FTX downfall were more severe for most coins, a few tokens like Avalanche (AVAX), Polygon (MATIC), and Orbeon Protocol (ORBN) weathered the storm better than most.
Orbeon Protocol, for example, continues to attract great attention in the ongoing phase 3 of its presale which has seen massive price hikes of 805% so far. Experts predict a 6000% gain by the time the Orbeon Protocol (ORBN) presale concludes.
Avalanche (AVAX)
It is fair to say that Top Layer-1 Protocol Avalanche (AVAX) was also not spared the FTX effects that decimated the prices of major coins like Bitcoin.
Fortunately, Avalanche (AVAX) fared better than most tokens thanks to its development team that recently assured investors of further efforts to improve the project.
Avalanche’s (AVAX) community is also optimistic that the new developments will likely create a price rally in 2023.
Avalanche (AVAX) is a major competitor of Ethereum. Avalanche (AVAX) is an open-source decentralized proof-of-stake blockchain platform with a smart contract that is unique from other blockchains. Avalanche’s (AVAX) native token is AVAX. The Avalanche coin is still way below its all-time-highest but is expected to rally in 2023.
Polygon (MATIC)
Popularly known as the “Ethereum Killer” in crypto circles, Polygon (MATIC) is a fast-growing project that recently reported a milestone of reaching 200 million unique addresses. It is probably due to Polygon’s (MATIC) loyal community that it survived the FTX tidal wave fairly better than most.
Polygon (MATIC) has continued to grow thanks to the many dApps and NFTs built on the chain. Polygon’s (MATIC) native token, MATIC, may be trading in the $0.77 range but analysts are confident that the price will rise to as high as $2.92 in 2023.
The expected price surge is because Polygon (MATIC) has lately been partnering with companies and major brands looking for reliable inter-chain operability such as the one Polygon (MATIC) provides.
Polygon (MATIC) also offers some of the best Level 2 scaling solutions on the blockchain today. It is a promising project bound to grow in 2023 despite the effects of FTX collapse.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) was developed to address challenges often faced in the venture capital and fundraising sectors. It does this using fractionalized NFTs.
Orbeon Protocol (ORBN) mints the fractionalized equity-based NFTs representing the worth of a company and then makes them accessible to investors for a low price. This means that all users of the Orbeon Protocol (ORBN) have equal opportunity to invest in early-stage ventures.
Orbeon Protocol’s NFTs-as-a-service also helps new businesses to raise capital from a wider pool of retail investors. Holders of ORBN tokens enjoy lower transaction fees, voting rights, staking rewards, and early access to investment opportunities among other benefits.
The crypto market has not been quite favourable, especially after the FTX saga but Orbeon Protocol’s presale does not show signs of slowing down any time soon. Industry experts forecast a price increase of 6000% by the beginning of 2023.
Find Out More About the Orbeon Protocol Presale:
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Top Altcoins Poised To Surge More Than 25% in Q1
The day began with a bullish outlook as Bitcoin and other altcoins, including Ethereum, BNB, XRP, Cardano, and LINK, saw a bull run. This has caused a 1.27% increase in the global crypto market cap over the past 24 hours.
Meanwhile, crypto analyst and trader Michael van de Poppe has made bullish predictions for Chainlink, Polkadot, Binance Coin, and two other cryptocurrencies.
Chainlink
In a recent video for his 163,000 Youtube subscribers, Michael van de Poppe predicts that Chainlink will drop nearly 20%, falling to around $4.50 to $5. However, he believes this decline will be short-lived and that Chainlink will see a relief rally near $17 once it forms a dip.
Currently, Chainlink is selling at $5.77 with a 1.73% increase in the past 24 hours.
Polkadot (DOT)
In his video, the analyst also discusses Polkadot, stating that it has already entered a relief rally. He predicts that Polkadot will rise by 432%, reaching a target of $16 to $24. The analyst is confident that Polkadot will experience a significant bullish momentum in the near future.
Currently, Polkadot is trading at $4.64 with a 2.47% increase over the past 24 hours.
Cosmos Price
The analyst also believes that Cosmos will continue its current bull rally. According to Van de Poppe, once Cosmos moves beyond $25.97, it will easily reach a target of $35. He notes that a similar pattern was observed in 2019 and 2020.
At the time of publication, Cosmos has gained 0.97% in the past 24 hours and is currently trading at $10.22.
Binance Coin (BNB)
The analyst also discusses Binance’s native currency, BNB. He notes that BNB is currently trading at a support level of $233 and predicts that if Bitcoin maintains its upward momentum, BNB will surge to around $400. However, Van de Poppe also believes that BNB will hold strong even if the market experiences negative trends.
Currently, BNB is valued at $254 after a 3.53% increase in the past day.
SKALE (SKL) Price
Lastly, Michael van de Poppe concludes his analysis with SKALE, predicting that if it moves past $0.025, there will be a strong bull run. He predicts that SKALE will reach a target of $0.200 if the bullish momentum is sustained.
Currently, SKALE is trading at $0.0222 after a 4.81% increase in the past 24 hours.
Happy Birthday Bitcoin! Analyst Predict BTC Price To Surge 2.5x By June
It was on this day 14 years ago that Bitcoin was created. The anonymous software developer(s) – identified only by the alias Satoshi Nakamoto – mined the first block of the Bitcoin network on January 3, 2009. This block is referred to as the Genesis block.
There is no doubt that Bitcoin has come a long way since that day. However, despite the grim outlook of the market as 2023 begins, Erik Voorhees, the founder, and CEO of cryptocurrency exchange ShapeShift believes that Bitcoin will hit $40,000 by summer. Voorhees shared this prediction in a recent interview on January 2nd.
Voorhees pointed out that if his forecast were to come true, it would be a 2.5X increase from its current price of $16,748, which he said is a very good return on investment. The cryptocurrency industry expert was unable to provide a specific date for the next bull run, but he said it will occur anytime between the next three years and six months.
The cryptocurrency company founder speculated that the macro environment, interest rates, and the gradual tightening of monetary circumstances will play significant roles in determining how the crypto market will develop during the course of this year.
He also admitted that the reputation that cryptocurrency has among people who are not involved in the industry is completely baseless, but he predicted that such pundits will be caught off guard when the next surge occurs. The crypto pioneer said that regardless of whether or not the market is bullish or bearish, the current era is one of revolution.
Tim Draper’s Prediction For Bitcoin
Tim Draper, a Bitcoin bull, has made one of the more bullish forecasts for 2022, predicting that Bitcoin will be worth $250,000 by the end of that year. Despite the closure of the FTX exchange, Draper is certain that the value of Bitcoin will reach this quarter-million mark.
According to an email from Draper, he believes that the dam is about to burst since women control 80% of retail buying, yet only have 1 in 7 Bitcoin wallets at the moment. In order for Bitcoin to reach this value, it would need to increase in value by 1,400%. Draper also mentioned that a bottom may have been reached in the market, despite the low prices and falling trading volume.
At the time of writing, BTC is worth $16,759, an increase of 0.22% in the past 24 hours. It remains to be seen which of these forecasts will be accurate as the year continues to progress.
Ethereum (ETH) Price Poised To Surge 60% in January! Analyst Maps Next Levels
Ether, the second-largest cryptocurrency by market capitalization, has seen a decline in value recently. As of the time this article is being written, Ether has dropped in value by 0.09% over the past 24 hours and 0.39% over the past 7 days, with a current value of $1,218. There has been a bearish sentiment among traders and investors for an extended period of time.
Massive Price Spike Soon?
The well-known pseudonymous analyst known as Kaleo seems to believe that we will soon see the light at the end of the tunnel. In point of fact, he believes that soon the price of Ether would rise by an additional $2,000, which would represent an increase of 60%.
Although Kaleo has an optimistic outlook for Ethereum in relation to the US dollar, he is pessimistic about the future performance of Ethereum in relation to Bitcoin (ETH/BTC). The expert made a prediction earlier this week that the ETH/BTC exchange rate would likely continue on a downward trend.
This suggests that the king cryptocurrency would surpass the smart contract protocol in the months ahead. However, he makes it clear that even if the ETH/BTC chart is bearish, this does not indicate that Ethereum can’t make gains relative to the dollar.
Kaleo also clarified that:
“I don’t see this rally leading to new ATHs, just relief and continuation of accumulation within a larger range similar to what we saw in 2019.”
What Ether’s Chart Shows
“On Ether’s chart, I believe traders should pay special attention to the newly created resistance level around $1,230.20. This level was established not too long ago. If the candle manages to shut around it, the energy that has been gathered may be sufficient for a move to the zone around $1,280. As a result, the number of purchases has just begun to increase, which is an indication of the resilience of purchasers.”
That which Kaleo foresees may or may not come to pass. He has a lot of crypto market experience, but he isn’t a seer, thus he can’t see into the future. We’re keeping our fingers crossed that Ethereum’s much-anticipated upgrade, the Shanghai hard fork, brings about the significant increase in value that he has predicted.
Bitcoin Golden Cross 2023: Micheal van de Poppe Predict BTC Price To Surge 100% – Here’s The Timeline
Bitcoin price is constantly trying to jump beyond the crucial renaissance very close to $17,000 but facing major turbulence in slicing through $16,900.
Meanwhile, the altcoins are also facing much heat as the bearish cartel has strengthened its roots at the moment. Besides the speculations of the bear market reaching the climax are hovering within the crypto space.
A popular analyst, Micheal van de Poppe, believes that the bitcoin bear market is about the end as the Bitcoin price is about to ignite a ‘Golden Cross’.
In a recent video update, the analyst says that the event is about to begin in June which may be extended towards December where-in the BTC price may elevate to reach $37,000 levels.
“The actual move happens prior to the actual cross taking place so in essentially we are at the low or we close towards it and the Golden Cross which is taking place here is most likely going to take place during June towards December,”
Further, the analyst believes that the BTC price may replicate 2018-19 as the markets have slid heavily at the moment. Hence the markets may approach the levels where-in they may face some relief.
However, he goes on to say that in the weekly time frame, the BTC price is required to hold the crucial levels at around $12,326 to maintain some strength within the rally. Conversely, if the BTC price breaks above $18,000 then it may rise beyond $20,000.
To do so, the BTC price is required to flip above the crucial $17,500 in the lower time frame and $18,600 in the higher time frame. This may ignite the further upswing towards the next set of targets beyond $21,000.
“Once we flip $18.6K and even a lower time frame $17.5K those are the first arguments for continuation towards the upper boundaries and then we are looking at a potential case or first running towards $21.21K $23.5K and a $29K and possibly even $38K which is already a two and half X from here,”
Cardano Price To Surge above $0.3 Soon !
The crypto space is witnessing a minute roller coaster ride, with the price undergoing small ups and downs. Besides some of the prices of the tokens like Cardano remained plateaued with an equal brawl between the bulls and the bears. However, the stagnant trend is expected to vanish very soon as the fractal represented a revival of a bullish trend very soon.
Over the past week, the price of ADA fell precipitously, experiencing a double-digit decline of more than 14%. With the drop, sharks increased their accumulation, which spiked to levels not seen since June 2021.
As per the data from Santiment, the Cardano sharks have been accumulating steadily since June 2022. Moreover, they utilized the great buying opportunity after the FTX collapse when the prices were slashed to its half.
“Key Cardano sharks have been accumulating steadily since June. And they have taken this level of dip buying to a new level since the FTX fallout in early November. Addresses holding 10K to 100K $ADA have added $83M worth of coins since November 7th,”
Besides the social dominance of the token has also raised significantly, immediately after the FTX debacle. The levels soared from the lows of around 0.55% during the mid of November to as high as 1.63% by the end.
Additionally, the total weighted sentiments which combine all the positive and negative mentions and compare with the frequency over time also raised very high. This indicates that the market participants are bullish on the asset and hence preparing for a larger move at the earliest.
Besides, the dormant tokens which were not been moved in the past 3 years were moved during the same time marking a gigantic move incoming very soon.
Collectively, all the indicators are pointing toward the Cardano price preparing for the long run, aiming to reach new highs once the market sentiments flip from the bearish trap. With a move, the ADA price may surge high to reclaim the lost levels very soon.
MATIC Price May Surge To $0.83 If This Scenario Plays Out!
The cryptocurrency market has fallen over the last few days, with the majority of coins trading in the red heading into this weekend. However, the market began to stabilize and as of the time of this writing, the majority of the coins had begun to reverse their drop. Affected by the crypto winter, Polygon MATIC Price rose before falling to lower levels. The current price is 65% lower than the year’s opening price.
If the bullish signals identified by analyst Ali Martinez are true, a chart showing MATIC’s chances to soar to the $0.83 level has been predicted. According to the analyst’s tweet, the Polygon chart has two buy signals: nine red candles and a green number 13 that follows them.
When the screenshot was taken, MATIC was trading for $0.77. Martinez predicts that if these signs are confirmed, the token’s price might increase to $0.80 or even higher, to $0.83. The coin is currently trading at $0.79.
MATIC’s Latest Developments:
Every other week, new projects have been actively launched by the Polygon MATIC. As the bearish market for 2022 continues, the price of MATIC has not yet responded to these developments.
While looking at the important developments of 2022, the most recent updates included alliances with Reddit, Google’s BigQuery, Starbucks, Nike, Disney, and Meta, among others.
The guild’s programme will also be expanded by the ecosystem until 2023. The project can connect with local communities through the programme, which has been quite successful in India. They will restart the Advocates programme in light of its achievements in uniting the community.
Their recent tour of India, which brought together hundreds of developers from around the nation for a community-building event, has just come to a close. At ETH India, out of the 450 projects submitted, developers built 300 on the protocol, demonstrating the technology’s acceptance.
Will The XLM Price Surge To $1 In 2023?
Stellar has been one of the most promising cryptocurrencies in the business. Developed by the Stellar Development Foundation, the currency ‘Lumen’ under the symbol XLM is traded on various exchanges. Who could predict that XLM price would increase more than 300 times in 2017? It was an excellent year for Stellar.
Stellar is a public owned company. Like Bitcoin and Ethereum, Stellar also relies on blockchain to keep the network in its place and sync. Their software runs across a decentralized, open network and handles millions of transactions each day of working. Stellar is much faster, cheaper, more energy-efficient and eco-friendly when compared with typical blockchain-based systems. This brings the XLM price prediction once again into highlight by the investors.
Investors and traders are waiting for one similar run. Will Stellar boast any such run in the near future? Dive in, as we bring to you the feasible Stellar lumens price prediction for 2023 – 2025 and the years to come.
Overview
| Cryptocurrency | Stellar |
| Token | XLM |
| Price | $ 0.0791 |
| Market cap | $ 0.0000 |
| Circulating Supply | $ 0.0000 |
| Trading Volume | $ 0.0000 |
| All-time high | $ 0.0000 Jan 1, 1970 |
| All-time low | $ 0.0000 Jan 1, 1970 |
Stellar Price Prediction
Stellar Price Prediction December 2022
If the network achieves the targets in its roadmap, that includes interoperability, inclusion, increased stability, and innovation. The price of XLM could skyrocket to $0.1007, by the end of the year. On the flip side, the protocol failing to adhere to its expectations, would result in the altcoin taking a dip to $0.0795.
Collectively, factoring in the bullish and bearish targets, XLM could settle with its price at $0.0901.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| December 2022 | 0.079 | 0.090 | 0.100 |
Stellar Lumens Price Prediction 2023
Stellar is currently verified by hundreds of Nodes across globe. Anyone can have the access of stellar core. Stellar system can easily track ownership. Stellar is a system without a central authority, this means no one can stop the network or secretly adjust the numbers to the liking.
Stellar could possibly make the most out of 2023, with newer adoptions, collaborations, and developments. Moreover, the developments of the past year could bears fruitful results, which could reflect on XLM’s price. That said, the crypto asset could hit a maximum of $0.1639 by the end of 2023.
Conversely, negative criticism and a possible market dump, could land the price at $0.1174. Contrarily, a balance in trade activities could terminate the year 2023 at $0.1456.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 0.117 | 0.145 | 0.163 |
XLM Price Forecast 2024
The folks from the industry would further increasingly rely on digital assets, and would seek assistance for storage and transfer of funds. Stellar here holds the potential to expand its presence in the industry. Materializing which, XLM’s price could propel to its potential high of $0.2167.
In contrast, emerging rivals and stiffer competition could hinder the altcoin’s price projection to $0.1501. Successively, constraints caused by a linear projection might land XLM at $0.1834.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 0.150 | 0.183 | 0.216 |
Stellar Lumens Price Prediction 2025
Considering the latest performance of XLM and its established growth. We can predict based on calculations that XLM might go up to $0.2229 by the end of 2025. On the contrary, the price may witness bearish trends after touching the highs, which could suppress the price down to $0.1629.
That said, a balance in buying and selling pressures could limit the price to average levels of $0.1929.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 0.162 | 0.192 | 0.222 |
Stellar Lumens Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 0.216 | 0.254 | 0.299 |
| 2027 | 0.287 | 0.340 | 0.399 |
| 2028 | 0.356 | 0.428 | 0.535 |
| 2029 | 0.412 | 0.523 | 0.623 |
| 2030 | 0.532 | 0.687 | 0.859 |
CoinPedia’s Stellar Price Prediction
Price prediction of this crypto has always been under observation by investors and analysts. According to CoinPedia’s formulated price prediction for Stellar’s XLM. With developmental upgrades catering to interoperability, scalability, and innovation in place. The price of XLM could soar to a maximum of $0.10 by the end of 2022.
Contrastingly, the updates not yielding the desired results could turn bearish for the price, which could fall to $0.07.
Market Analysis
| Firm Name | 2023 | 2024 | 2025 |
| DigitalCoinPrice | 0.21 | 0.30 | 0.37 |
| Trading Beasts | 0.12 | 0.16 | 0.16 |
| Wallet Investor | 0.052 | 0.02 | 0.05 |
| Long Forecast | 0.039 | 0.037 | 0.03 |
*The aforementioned targets are the average targets set by the respective firms.
What Is Stellar (XLM)?
Stellar is an open network that facilitates storing and moving of money. The platform’s aim was to encourage financial inclusion by helping out the world’s unbanked people. However, later its priorities shifted to reaching out to the financial institution’s bridge with one another via blockchain technology.
The network has its own native token Lumens (XLM) that acts as a bridge. That makes the platform cost-efficient to trade tokens across the globe. This solves the existing problems associated with payment providers who often charge huge fees for similar kinds of services.
The ecosystem allows users to build, send and trade all forms of digital representations of money. It was created to make sure that all the financial systems across the world could work together on a single network.
Stellar is a peer-to-peer decentralized framework that facilitates the storing and moving of funds. The network was created in 2014 by Jed McCaleb and Joyce Kim. With a ami of encourage financial inclusion by helping out the world’s unbanked people. However, the priorities have transited to bridge the financial institutions with one another via blockchain technology.
The protocol has its own native token Lumens (XLM) that acts as a bridge. This makes the platform cost-efficient to trade tokens across the globe which solves the persistent problems associated with payment providers who often charge huge fees for similar kinds of services. The platform allows users to build, send and trade all forms of digital representations of money.
The Stellar network is secured by the “Stellar Consensus Protocol,” which holds four vital properties. Namely, decentralised control, flexible trust, asymptotic security, and low latency. The stellar platform gives builders an open platform to reimagine systems and solutions as a network designed for speed, affordability, and utility, with 89 million payments and 7 million accounts.
Fundamental Analysis
Stellar was founded in early 2014 by Jed McCaleb and Joyce Kim. The project was born as a branch of the Ripple cryptocurrency with a total supply of 100 billion. However, the tokens were burnt and currently, the supply is reduced to $50 billion. Stellar (XLM) was built on and worked on the Ripple network early on in its growth. However, in November 2015, The Stellar team launched its network on its own protocol.
The primary focus of the platform is to provide remittances and bank loans in developing economies that are unbanked. Stellar aims to reduce transaction costs, by significantly reducing the time lags. Stellar Lumen is an altcoin that trades under the XLM symbol.
If you are a crypto enthusiast and a long term investor for XRP, view our article on XRP price prediction.
Stellar Historical Market Sentiments 2014 – 2021
- XLM was priced at $0.003 on Sept. 15th, 2014, shortly after its initial coin offering (ICO).
- A few months later in November, XLM dipped to its all-time low of $0.001227.
- XLM fluctuated between $0.001 and $0.003 over the coming years.
- XLM briefly reached an all-time high of $0.05, by the mid of the year.
- After remaining stagnant for months, by December XLM added over 50% gains overnight, amidst Bitcoin’s run.
- XLM had a heroic start to the year, as it hit an ATH of $0.9381 on the 4th of January.
- But woefully entered into a bearish divergence. Sliding downwards including a couple of spikes, the XLM price reached $0.11 by the end of 2018.
- 2019 was a frustrating year for Stellar, XLM had initiated the year with a price tag of $0.1.
- Stellar burning 50 percent of XLM coins further limited the development of the coin. The year was terminated at $0.138.
- XLM at the beginning of 2020 was at $0.0451. Then there was the beginning of an upward trend in July. The coin finally hit $0.118987 in mid-August.
- The coin continued to trade at the price range between $0.08 and $0.10 until the mid of November. The price of XLM towards the year-end was $0.12.
- The year 2021 was started with a trading value of $0.133.The digital asset has spiked an astonishing 224% in the first week of January.
- The XLM price rose to hit the $0.791 mark on the 17th of May. However, the market-wide crash dragged the price to $0.202 by the 22nd of June. A downswing led to the annual closure at $0.259.
FAQs
Yes, Stellar is a good investment option for the long term, as its stout fundamentals could eventually drive the price.
No, XLM serves the Stellar blockchain, it is not correlated with Ethereum.
Stellar’s vision holds numerous milestones and updates, considering which, the future does seem to be bright.
The digital asset is expected to hit a maximum of $0.1007 by the end of 2022.
Stellar Consensus Protocol is the algorithm used by Stellar.
No, Stellar (XLM) cannot be mined.
The price of Stellar could reach a maximum of $0.222, by the end of 2025. With a potential surge the price may reach a maximum of $0.859 by the end of 2030
Will Cardano (ADA) Price Surge Above $0.45 By December End?
The crypto markets again turn extremely uncertain as the Bitcoin price flutters on and off of $17,000. Most of the altcoins along with Cardano price are closely following the star crypto which has led to huge price variations in the past 24 hours. However, the community remains bullish on Cardano as the market participants and long-term investors believe a notable upswing may be fast approaching.
What Could be the ADA Price on 31st December 2022?
Cardano community on various platforms have displayed their support for the platform and is extremely confident about the upcoming bullish narrative. The Coinmarketcap’s price estimate feature allows the community to record their price estimates for a certain period of time and then offers an average price accordingly.
Following the same, ADA price’s average levels are speculated to be around $0.4788 by the end of 2022. Therefore, it can be said that the community is expecting a 50% jump in the next fortnight as ADA prices are believed to close the yearly trade close to $0.5.
While the community is bullish, the fact is that ADA price continues to trade under a huge bearish influence with a couple of indicators turning extremely bearish.
Firstly, the digital asset continues to hover below the 50-day MA levels which are the pivotal levels for any cryptocurrency, to begin with, a bullish trend.
Moreover, the price is trading around the lower crucial support and appears to be poised to break down from these levels. A daily close below $0.31 may validate a bearish trend which may further drop the price below $0.3. Presently, the Cardano (ADA) price is trading around $0.3015 with a drop of 0.8% in the past 24 hours. Meanwhile, the trading volume has risen significantly by 12% recording $ 182.74 million.
Huobi Token (HT), Shiba Inu (SHIB) Prices Up; Orbeon Protocol (ORBN) Set to Surge by 6000% During Presale
Amid the ongoing tumultuous market phase, some cryptos have managed to post good numbers. While Huobi Token (HT) and Shiba Inu (SHIB) have witnessed a rise in their price after going down for a long time, a new project, Orbeon Protocol (ORBN), has splashed the overall market with a mammoth pre-sale success.
Huobi Token (HT) Lessens Monthly Loss
Huobi is one of the largest crypto exchanges in the world by trading volume. Huobi Token (HT) runs the Huobi exchange. Huobi Token (HT) was developed as an alternative to Binance (BNB) in the Asian crypto market. Huobi Token (HT) is a decentralized crypto based on the Ethereum network. The Huobi exchange offers many privileges to Huobi Token (HT) holders, like discounts on transaction fees. However, people can use the exchange without holding a Huobi Token (HT).
Last week’s growth of Huobi Token (HT) has managed to minimize the project’s loss. The price of Huobi Token (HT) has seen a rise of 55% in the past week. Consequently, Huobi Token’s (HT) monthly price performance has been able to cover some losses. Last month, Huobi Token’s (HT) price fell by 24%.
Shiba Inu (SHIB) Jumps This Week
Launched as a rival of Dogecoin, also termed as a “Doge-Killer,” Shiba Inu (SHIB) is a meme-based cryptocurrency. Shiba Inu (SHIB) gained huge attention during the bullish market of early 2021. Shiba Inu (SHIB) is a decentralized, community-building cryptocurrency. Shiba Inu (SHIB) is built on top of the Ethereum Network. Shiba Inu (SHIB) has successfully posed a big challenge to Dogecoin (DOGE).
Shiba Inu (SHIB) has posted positive numbers in the last week. The price of Shiba Inu (SHIB) has increased by 4% in the past seven days. The current price of Shiba Inu (SHIB) is $0.00000889.
Orbeon Protocol (ORBN) Records Historic Pre-sale Numbers
Orbeon Protocol (ORBN) is a blockchain-powered investment platform that allows startups to raise funds by minting and issuing fractionalized, equity-backed NFTs. Decentralizing the crowdfunding and venture capital industry, Orbeon Protocol (ORBN) mints equity-based, fractionalized NFTs to assist companies in raising funds. The platform also helps individual investors invest in promising businesses. Orbeon Protocol (ORBN) provides companies with its NFTs-as-service (NFTaas), which allows them to raise funds seamlessly. With Orbeon Protocol’s (ORBN) NFTaas, everyday investors can start investing in promising companies for as low as $1.
Orbeon Protocol (ORBN) also ensures that investors get the maximum benefits without taking major risks. In traditional investment methods, when companies fail to raise a minimum amount after starting the fundraising process, retail investors lose their money. But Orbeon Protocol (ORBN) has put some measures to eliminate such occurrences. Orbeon Protocol (ORBN) has a “Fill or Kill” mechanism to guarantee all investors get their money back if the fundraising process fails. Since this mechanism is integrated into the platform’s smart contract, it cannot be altered.
ORBN token is the platform’s native crypto, which powers the Orbeon ecosystem comprising Orbeon Wallet, Orbeon Swap, Orbeon Exchange, and Metaverse. Other benefits that ORBN holders get are voting rights, cashback rewards, and discounts on trading fees, among others. Experts have forecasted that ORBN tokens’ price will register a growth rate of 6000% during its pre-sale. Currently, ORBN tokens are priced at $0.021. The price of ORBN tokens is expected to reach $0.24 in the coming weeks.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Can LUNC Price Surge To $0.001? Will December Be a Game Changer? Here’s What’s in Store
The community is now predicting an increase in the price of LUNC since the Terra Classic network is due to reopen an essential part of its ecosystem on December 6. Amid the bear market, a popular cryptocurrency influencer has predicted an incoming bullish wave for LUNC. Classy Crypto has said that the coin may rise to $0.001, but the details of when, why, and how were not shared by him.
However, looking at the improvements and modifications, the price of Terra Classic is projected to experience a significant surge in December. The v23 upgrade, which includes the CosmWasm upgrade, will be implemented by the developers. Additionally, on December 5 at block 10,542,500, they will re-enable inter-blockchain communication (IBC) with Cosmos blockchains.
Terra’s Burn Mechanism a Boon or Bane
The Terra Classic community wants to burn massive LUNC tokens to cut down on the supply in circulation and raise the price to higher levels. After Terra Rebels increased the burn rate by deploying the v22 update, which eventually resulted in the introduction of staking and the 1.2% burn tax, the community burned about 29 billion LUNC tokens in the last few months.
In October, Binance burned about 13.712 billion LUNC tokens as a result of trading commissions on LUNC spot and margin trading pairs. On October 31, the cryptocurrency exchange burnt 1.26 billion Terra Classic (LUNC) tokens in the fifth batch and more than 5.5 billion Terra Classic (LUNC) tokens in the first.
Following the community’s adoption of Proposal 5234, which cut the LUNC burn tax to 0.2% and redirected 10% to support ecosystem development and contributors in Terra Classic, the burn rate decreased. Developers are against modifying the tax burn parameter once again because it might have an effect on restoring utility to the chain.
Chainlink Staking To Spark Bullish Surge! LINK Price To End Consolidation
Like other altcoins in the market, Chainlink has experienced a massive downtrend following several catastrophic events in space. This year seems to bring the most impactful momentum for LINK’s price as it lost over 71% from its yearly highs.
However, LINK has been making a significant upward retracement in the last few days as the news of staking on the Ethereum mainnet has filled positive sentiments among investors.
Additionally, over the previous 48 hours, LINK witnessed an exponential spike in whale accumulation as holders found this staking a lucrative opportunity to generate astronomical rewards amid market turmoil.
Chainlink Whale Accumulation Sees New Highs!
Chainlink’s ecosystem is bullish on its future potential as it continuously introduces overwhelming enhancements to the network. Recently, the announcement regarding LINK staking on the Ethereum network has awakened whale investors with a ray of hope of a significant ROI in an upcoming bull run.
According to a prominent on-chain data provider, Santiment, whale holders holding between 1K-1 million LINK tokens have added nearly 26.8 million Chainlink to their portfolios. The firm further highlights that the whale accumulation rate has jumped by 12% in the last 30 days, signifying a substantial interest in pushing LINK’s price to the North.
Moreover, an on-chain analytic firm, LookonChain, tracked a whale transfer of a total of 455K (~$3.4M) LINK tokens to 65 different addresses, each amounting to 7K Chainlink tokens. However, the firm gave some relief to the community as the transfer was mainly focused on deploying in LINK staking rather than selling, as the maximum staking limit of each LINK address is 7K.
Chainlink Price Will Turn Bullish After This Breakout
As the altcoin market registers a significant gain in its price, whale investors and traders have switched their attention to major altcoins to pull out maximum profit amid the bearish trend.
A well-known crypto analyst and founder of Eight Global, Michael Van De Poppe, predicts a solid bullish momentum for LINK’s price ahead.
The analyst expects Chainlink to continue its current uptrend to a resistance zone of EMA-200 between $8.5-$9 as LINK made an unexpected bounce from $7.2.
According to CoinMarketCap, the current price of LINK is trading around $7.36, with an uptrend of nearly 1% from yesterday’s performance. After obtaining an intense negative momentum in the last few weeks following FTX’s demise, the token has now initiated a potential upward rally with a gain of over 40%.
The RSI-14 line is climbing the graph quickly and hovers around the level of 54, hinting at a clear bulls’ domination for LINK’s price. Moreover, the MACD line forms continuous bullish candles above the signal line, which may push the LINK token to test its resistance above 31.6% Fib retracement.
If LINK’s price holds above $7.8 due to massive whale accumulation, it can quickly aim for a breakout above its EMA-200 trend line at $8.5, from which the price may be further triggered to its Bollinger band’s upper limit of $9.
However, the bullish analysis may get rejected if LINK drops parallelly with the weekly RSI level to 40, which can plunge the token into trading near the critical support region of EMA-50 at $7. If LINK’s price drops further, it may collapse again to Bollinger band’s lower limit of $5.5 and continue its bearish bloodbath by the beginning of the new year.
This is When Ethereum Price May Surge More than 25% to Hit $1650!
The global crypto market capitalization has surged beyond $850 billion yet again after the markets witnessed a notable jump. The top cryptos, BTC & ETH have been under tremendous pressure since the beginning of the month. With a slight release of the pressure, the Ethereum price surged beyond the pivotal levels at $1250 to reach $1270 at the moment.
Ethereum price displayed acute strength in times of crash and bearish market trend and maintianed $1000 support levels. Hence it was believed that the price may eventually re-instigate a significant upswing which appears to have materialized in the past few hours. Therefore, The price is believed to continue with a bullish trend and eventually secure levels beyond $1600 soon.
The ETH price with the recent price action sliced through the crucial resistance and if it successfully closes the day’s trade beyond these levels, then a significant upswing may knock in. However, the buying volume has diminished notably and hence it may hinder the rally in the later hours of trade.
How High Will Ethereum (ETH) Price May Rise?
Besides, the trader’s activity over the platform has risen massively as the daily active addresses have surged massively. This indicates the growing buying and selling trades over the platform regardless of the volume.
The popular on-chain analytical platform Santiment indicated the rise in the active address that may lead to a massive price jump as it did previously.
“Ethereum’s active address surged to its highest level in over weeks yesterday, and that likely factored into today’s price growth. On October 15th, the last time address spiked at this level, the price of $ETH jumped +30% over the next 3 weeks,”
Meanwhile, the ETH whale accumulation is also on the rise from the time when the asset witnessed a massive price crash recently. According to the data from Santiment, Whale activity touched new highs, registering the 5th largest in 2022. The accumulation has been surging since the FTX debacle this month.
Moreover, sharks & whales have been constantly accumulating & dumping on the coins and the number of addresses holding 100 to 100K ETH has reached a 20-month high. Therefore, considering all the above observations, and market conditions, Ethereum’s price is believed to pull another leg up of more than 30% to surge close to $1700 soon.
Chainlink (LINK), Flasko (FLSK), or Uniswap (UNI) Will Surge In Value in 2023
Finding a crypto coin that will generate sizable profits is difficult, given the number of new currencies and projects being launched daily. That problem only intensified with the recent FTX meltdown, which turned the cryptocurrency market upside down.
Continue reading to find out whether established currencies like Uniswap (UNI) and Chainlink (LINK) or a relatively new project like Flasko will experience a price increase in 2023.
Uniswap (UNI) Investors Are Discouraged by Dropping Gains
Uniswap (UNI) notably earned its most excellent massive attention when token values surpassed $45 amid an unrestrained upbeat atmosphere. Uniswap (UNI) sells for $5.51, a whopping 87% less than it did back then.
Uniswap (UNI), securely placed among the top 20 cryptocurrencies by market valuation, will likewise require millions of dollars to boost its price even close to its record. However, some Uniswap (UNI) investors lack the patience needed for such a long rebound and have switched to the Flasko presale.
Chainlink (LINK) May Soar, But Not Soon
The demand for Chainlink (LINK) has increased over time among cryptocurrency enthusiasts. Many factors, including the unusual design and numerous well-known cooperative collaborations of Chainlink (LINK), may contribute to its growing popularity. Smart contracts become trustworthy thanks to Chainlink’s (LINK) solution to the oracle problem.
Chainlink (LINK) stockholders are turning to Flasko to increase their rates of return. The use of the Chainlink (LINK) cryptocurrency will expand as there is a growing need for smart contracts. A rise in LINK price is unavoidably impacted by increased Chainlink usage. However, the coin’s current price of $6.97 is a decline of about 74% in just one year.
The Flasko (FLSK) Presale Astounds Investors
Per various cryptocurrency specialists, Flasko will exceed Chainlink (LINK) and Uniswap (UNI) to rank among the top 10 coins in 2023. We understand why they believe Flasko will succeed, given its unique alternative investing platform basis.
Investors can purchase iconic champagnes, fine wines, and rare whiskeys using a one-of-a-kind fractionalized NFT trading and investing platform. Investors can have the luxurious bottle supporting the NFT shipped to their residence if they purchase 100% of an NFT.
The Flasko launchpad is also available to brand-new luxury beverage startups who wish to advertise their products. Early investors may receive various perks and advantages, including price reductions and early access to these products.
With a price of just $0.085, we think now is the ideal time to invest in a cryptocurrency with enormous growth potential. Crypto specialists forecast it will attain $4 by the middle of 2023.
Visit the following pages if you want to participate in the presale for this project:
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
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