ABBC Trade Plan To Achieve Target Soon; Burn Event Of 300M ABBC Coin Commences
The ABBC Foundation is pleased to announce that the ABBC Trade Plan is rapidly approaching its target of 320 million ABBC Coins. Thanks to our dedicated community, we have come within reach of this milestone. Our CEO Jason Daniel Paul Philip extends his heartfelt thanks to the ABBC community for making this possible.
As announced previously, the ABBC Foundation is marking the Plan’s success with a scheduled burn of ABBC Coins to maximize the value in the ABBC ecosystem. After a careful analysis of our tokenomics, we have decided to burn 300 million ABBC Coins.
The ABBC Trade Plan represents a strategic retrieval of the community’s ABBC Coins through the use of the ABBC Foundation’s funds. The plan’s structure empowers users by offering BUSD rewards in exchange for ABBC Coins.
The ABBC Foundation provides users with exciting rewards and earning opportunities. The opening rate was a wholesome 300% BUSD reward for every subscriber and the final reward rate is running at 240% BUSD. The rewards are being distributed on a weekly basis for a period of 365 days.
The ABBC Foundation has also incentivized users with referral reward systems and has offered them a user-friendly interface that enables them to instantly track and claim their BUSD rewards whenever they want, with top-tier security.
Through this burn event, we are aiming to reduce inflation and maintain a healthy balance between supply and demand. By eliminating the 300 million ABBC Coins through an eater address, we are creating a safer, more robust and sustainable project economy.
Further details about the burn event will be announced soon, through the ABBC Foundation’s official channels.
Media Contact:
Suresh Kannan,
Chief Marketing Officer,
[email protected]
Ethereum Price Recovers Slightly Despite the Network Outrage; Is the $2000 Target Still in Play?
The second-largest crypto faced a major network outrage in the past few hours as it struggled to finalize blocks. This sparked major security concerns among the ETH holders as the clients started to release patches to fix the network’s stability. Similar to Bitcoin, unconfirmed transactions piled up over the network as they failed to reach finality.
Presently, the Ethereum blockchain is processing transactions smoothly, as the outrage lasted only for over 25 minutes. Regardless of this, the on-chain activity of the network remained unimpacted, along with the value of the token. The ETH price is currently surging beyond the crucial resistance of $1800 but has yet to validate the breakout.
The ETH price is trading within a rising wedge pattern and is currently testing one of the major resistance levels at $1800. A rebound from these levels may lift the price back toward $1900, which may pave the way for the token to reach $2000 in the coming days. Otherwise, a breakdown may drag the price back below $1800. Further, if the bearish action continues, the trend may even drag close to $1700.
Technical experts believe that the Ethereum network did not halt, but only a few blocks failed to reach finality. Hence, it can only be considered a technical issue rather than a network outrage. Besides, incidence like these may impact the development activity on the chain. Regardless o all these, the ETH price continues to remain unaffected and may continue to rise ahead.
Cardano’s Bearish Rally Shows No Sign of Slowing Down! Here’s the Next ADA Price Target
Despite an undeniable past performance of bullish trends and staggering price spikes, the Cardano (ADA) market has been experiencing a bearish rally that shows no sign of slowing down. This unprecedented downturn has left many investors scrambling to understand the situation and predict the next ADA price target.
Cardano: The Bearish Tide
Cardano, a third-generation blockchain platform with a unique proof-of-stake consensus mechanism, was showing an impressive trajectory in the last few weeks. However, the recent market trends are a stark contrast to its past glory. The ADA token has been slipping down the slope with no sign of an immediate recovery.
Fresh insights from IntoTheBlock, a reputable data analytics firm, reveal a concerning trend among Cardano (ADA) investors. The firm’s recent report indicates that a substantial 80% of ADA holders, comprising 3.44 million addresses, are currently “underwater,” as their holdings are worth less than the price at which they were bought.
These investors collectively hold 26.85 billion ADA, translating into a staggering $9.48 billion at the current market value. This unfortunate circumstance makes Cardano the ninth most significant cryptocurrency with over a billion-dollar market capitalization when assessed by the proportion of loss-bearing to profitable addresses.
Sebastien Guillemot, the Co-Founder and CTO of blockchain firm dcSpark, shared on Twitter that Cardano is currently operating at a 94% load. This implies that there’s just a 6% window before it reaches its full capacity.
He alerted his Twitter followers to the fact that no Cardano node uses transaction prioritization, indicating that transactions are dealt with on a first-come-first-served basis. Consequently, if Cardano’s load reaches 100%, all transactions will be lined up in a queue with others. This may result in more price drops for the ADA token in the next few days.
What’s Next For ADA Price?
The value of Cardano (ADA) has experienced a significant departure from a key pattern on the daily chart and is at risk of slipping beneath a vital support threshold.
If this transpires, it will signal an extreme bearish trend in ADA’s price. Such an event is expected to hasten the currently observed downtrend.
Over the last week, Cardano’s value made several attempts to surpass the $0.4 resistance level, but the upward momentum was unsuccessful, causing a price dip below the $0.38 support.
The price saw a further decline, falling below the $0.37 and $0.36 support levels. Eventually, it reached the $0.35 support level. A bottom is established around $0.3509, and currently, the price is trying to plunge more following BTC’s price drop below $28K.
As of writing, ADA price trades at $0.354, with a downtrend of 4.73% in the last 24 hours. If bulls don’t send the price above EMA-20 at $0.354 on the 4-hour price chart, Cardano will head toward a more downward trend. A breakout below $0.34 will slump the token near the $0.31-$0.32 support region.
Bitcoin Price Analysis: BTC Loses Steam, Is The Next Target $26k?
The crypto industry has shown significant growth since the beginning of the year, surpassing the mainstream technology sector. However, the value of Bitcoin has decreased by more than 4% in the past 24 hours reaching around $27,900.
This drop in price comes after cryptocurrency exchange Binance temporarily halted Bitcoin withdrawals twice, citing a significant backlog of pending transactions as the cause for the pause.
Popular trader and analyst Michael Van De Poppe said that there was a significant level to break at $29.2K. However, despite a slight upward movement towards this level, the break did not occur.
The situation is the Fear, Uncertainty, and Doubt (FUD) that has arisen following the recent suspension of withdrawals by Binance might have led to a drop in Bitcoin prices to around $27.9K, which is below the key level.
“Mentioned before that $29.2K was the key level to break for #Bitcoin. We did have a bounce towards it, but no break. Additionally some FUD regarding #Binance, doesn’t help. Looking at $27.4K or $26.8K for potential longs towards CME gap at $29.6K,” he wrote on Twitter.
The analyst is now looking at potential long positions towards the CME gap at $29.6K. In this scenario, there are two possible levels to watch for: $27.4K and $26.8K.
Bitcoin’s price has been struggling to surpass the $30,000 psychological level, and has been moving sideways since the end of March. In the last 24 hours, over 63,000 traders were liquidated, amounting to a total of $148.8 million in losses.
Shockingly, $26.22 million (88%) of long positions were liquidated, indicating that traders were hopeful for a bullish surge. The data provided by Coinglass shows that Bitcoin alone accounted for $35.3 million of the total liquidation.
Top Analyst Predicts Bearish Target for Bitcoin Price-Says, it May Drop Back to $15,000!
Bitcoin price, after surging above $29,000, appears to be struggling to reach the interim milestone at $30,000. The bears appear to have held positions above these levels, as the price has been facing multiple rejections beyond $30,000. Now that the price is closer to re-testing the crucial resistance, market participants believe the star crypto is on the verge of a massive breakout.
On the other hand, the volume continues to deplete as the buyers remain aloof and the sellers also do not want to mount huge selling pressure. However, the current trade setup appears to be quite bearish to one of the Top analysts, Tolberati, who believes the price may soon drop close to $15,000 in the coming days.
The analyst here considers the Elliot wave analysis and says that the major ABC correction has just finished and the price is primed to plunge down to $15,000 or even $10,000! Further, he says that DXY Index is ready for another big wave towards the north and hence the FED will soon pivot them in May or June. This is expected to trigger a massive crash.
Considering the current jump, the analyst believes it to be a fake one as it shows signs of weakness, and hence there should be a correction on the way. Besides, altcoins also possess a drop in strength, as most of them have been creating bearish patterns. Furthermore, there is an unfilled CME GAP at $20,145 which appears to be a threat to the BTC price rally. Moreover, $20,000 is also below the major horizontal support at $25,000, which is another matter of concern.
Also Read : Bitcoin Price Prediction 2023, 2024, 2025: Will BTC Price Mark New High’s In The Coming Days?
Collectively, the Bitcoin price has been trading under a misty environment where-in the next course of action is hidden under the clouds. Therefore, until any validation occurs, the bearish or bullish price action cannot be completely validated.
Top Analyst Projects a Bearish Target for Bitcoin (BTC) but is Extremely Bullish on Dogecoin (DOGE) Price
Following the recent drop, the bears appear to have been exhausted to some extent, as the major cryptos have been trading more or less flat. Besides, the bulls continue to remain uncertain as a slight upswing is attracting the bears, who tend to extract their profit and slash the prices hard. However, one of the popular analysts, MMBTtrader is extremely bullish on Dogecoin while believing the Bitcoin (BTC) price may remain under the bearish influence
Bitcoin (BTC) Price Analysis
Bitcoin price after marking the local top at around $31,000, is facing extreme bearish pressure, which has dragged the price lower toward the trend line. It has been following the trend line since the beginning of the year and has also sliced through these levels to mark the lows. Therefore, a similar price action is speculated at the moment, as the bears appear to be in a good position at the moment.
The BTC price, presently, has broken down from the resistance and is speculated to do more in the coming days. The newly formed daily support level is initially at $26,000, and later the major Fibonacci support levels are around $23,500.
Meanwhile, the trend reversal zone is around $29,200, wherein the current parallel rising channel may undergo a retest of a breakout. However, the major daily resistance is around $31,000. One small, weak resistance is encountered at $27,000, breaking which the price may easily fall to $26,000.
Also Read : Bitcoin Reaches A Struggling Zone Near $27K! Will BTC Price Continue To Plunge?
Dogecoin (DOGE) Price Analysis
Dogecoin’s price recently lost one of the pivotal resistance levels but appears to be poised to rebound fairly in the coming days. The price is hovering along the newly formed support levels, accumulating strength to trigger the next bullish wave ahead. However, the price is presently trading under a bearish influence, which may fade in a short while.
The DOGE price is trading above the daily support level of around $0.07, beyond which $0.06 is acting as the last line of defense. After reaching these levels, the analyst believes a fine upswing may be triggered that may help the price soar high to reach the required resistance at around $0.1.
Also Read : Top Crypto Expert Predicts Altcoin Dominance Shake-Up By June
Top Analyst Maps the Next Target for Arbitrum (ARB), Solana (SOL) & Cosmos (ATOM)
Bitcoin price smashes new yearly highs at $31,000 for the first time in the past nine months. The gigantic recovery which sparked at the beginning of 2023, is approaching some crucial levels. Meanwhile, some of the altcoins, like ARB, SOL, and ATOM, are displaying acute bullish momentum.
One of the top analysts, Altcoin Sherpa, frames the next move of the popular altcoins and believes that these tokens are at the foothills of a massive explosion. The analyst says that the ATOM price has already reached the higher time frames and may continue to chop around. Therefore, he believes the price may continue to consolidate as not much volatility is witnessed at the moment.
“ Atom: High time frames I think that this looks pretty good, EMAs all reset on the 1D and price continuing to chop around. With that said, I don’t see any reason to buy this one for active traders. Not much volatility or strength relative to the rest of the market rn,”
Further talking about Solana, the analyst believes the price has reached crucial levels and hence may face an interim pullback. However, the drop is expected to attract more liquidity that may ignite a fine upswing thereafter.
“ SOL: Interesting level here; not a buyer. S/R horizontal resistance area +200d EMA, I’m expecting a short pullback to the EMA cluster around $22. This is a buy the dip situation though IMO,”
Moving ahead to Arbiturm, Altcoin Sherpa sees huge possibilities of surging beyond $2 in the coming days. The ARB price has been displaying enough strength despite suffering a notable pullback recently. Therefore, to undergo a significant breakout, the altcoin has to clear the upper barriers and set up a bullish path towards its target.
“ARB: Bought at $1.25, sold at $1.38 or something should have held. I still think that there’s more juice left in the tank for this on.
Using these fib extensions, send to $2+,”
ChainLink Breaks Above Monthly Resistance Level! Here’s The Next Target For LINK Price
ChainLink (LINK), the decentralized oracle network that bridges smart contracts with real-world data, has made headlines in the cryptocurrency space as it recently broke through its monthly resistance level, setting new price targets and sparking investor interest. The fresh surge came after Ethereum’s Shanghai upgrade went live on 12 April, pushing the altcoin and DeFi market to the North. As ChainLink’s market performance defies expectations, investors are waiting for LINK price’s upcoming trends.
ChainLink Flashes Bullish Signals
ChainLink’s recent surge can be attributed to a multitude of factors, including positive market sentiment and the growing adoption of decentralized oracle networks. As the demand for secure and reliable data feeds in smart contracts continues to grow, ChainLink has placed itself as a dominant force in the sector, attracting attention from both retail and institutional investors.
According to recent data, ChainLink investors have displayed a sense of pessimism, a sentiment that could surprisingly result in a bullish outlook for the digital currency. In brief, on-chain crypto firm, Santiment’s “Weighted Sentiment” is a crucial indicator that reflects the overall sentiment surrounding a specific coin.
It combines two metrics: the Sentiment Score, which gauges the positivity or negativity of investor discussions, and the Social Volume, which measures the quantity of unique social media posts discussing the asset. By weighting the Sentiment Score with the Social Volume, the Weighted Sentiment is obtained, revealing significant shifts in sentiment when the Social Volume is high.
Over the past few weeks, ChainLink has experienced notably high negative values in its Weighted Sentiment, indicating a significant amount of pessimistic conversation surrounding the asset.
Interestingly, the market’s bearish outlook on LINK might actually prove to be a bullish signal for its price. This counterintuitive phenomenon occurs when sentiment reaches an extreme, making it more likely for the price to defy the majority’s expectations.
Will LINK Face Rejection Near This Level?
Technical analysis of LINK’s price reveals that the token broke through its monthly resistance level of $7.6, a significant milestone that typically signals a bullish trend. LINK price is currently strengthening its upward potential with increased demand and buying pressure.
As the overall crypto market is currently on a bullish rally, LINK’s bulls may push the price further. If demand continues to stay positive, the bulls may endeavor to drive up the LINK price. However, LINK may face two critical resistance levels, and its performance hinges on the altcoin market’s trajectory, which in turn relies on Ethereum’s ability to maintain a trend above $2K.
At the time of writing, the LINK price is trading at $7.75, reflecting a more than 4% increase in the past 24 hours. If the LINK price surpasses the $7.8 mark, it may sustain its bullish momentum and potentially encounter resistance near $8. However, following a modest retracement to the 23.6% Fibonacci level, the LINK price may gather sufficient strength to surge higher.
BTC Hits $30,000 with an 80% YTD Gain – Is $40K a Realistic Target in April?
Bitcoin has gained 47% in the last thirty days, breaking past the year-to-date high of the $30,000 mark and colouring most of the market green. Despite the macro-market downturns, BTC has surpassed expectations. It strengthens the speculation that an increasing number of investors are finding a haven in cryptocurrencies as the traditional market disappoints time and again.
Most of them dip their toes in the market with BTC, the cryptocurrency worth a $580B market cap, being the most reliable choice. As BTC acquires new investors and existing investors diversify their portfolios, where is BTC headed? Let’s take a look.
BTC YTD price chart, 11 April 2023, Source: CoinMarketCap
Bitcoin Price: An Analysis
Bitcoin started this year at $16.5K and the price stands at $30,078 now. That is an 81% jump in a matter of a little more than three months. The growing confidence among investors in BTC has also taken an impact on the broader market, which boasts a total market cap of $1.24T.
Stepping into April, BTC hit resistance at $28,100. It oscillated between $27,900 for a few days, before rising to $28,390 on April 10 and $30,200 on April 11. $30,200 is not only the highest price BTC has managed to secure this year, but also since June 2022.
While BTC looks bullish now, that was not the case a month back when it was taking the brunt of a series of bank collapses. The Crypto Fear and Greed Index has remained firmly within the “Greed” territory since last week. And BTC has set new expectations now.
Crypto fear and greed index, 11 April 2023
The Crypto Fear and Greed Index numerically presents the latest emotions and sentiments toward cryptocurrencies. If it moves towards the right in the coming days, we can expect a rapid increase in BTC price. On the other hand, remaining within 55 and 60 would be a sign of slow but healthy value accrual.
It is interesting to note that the BTC Fear and Greed Index hit a score of above 66 on Nov. 16, 2021. That was just days after Bitcoin reached its all-time high of over $69,000 on Nov. 10, 2021.
Where is Bitcoin Price Headed?
If Bitcoin manages to rise above the $30,500 resistance, it has the potential to go further up, possibly reaching the $31,200 level in a few days. The next resistance would be met around the $32,000 mark. Soon, an inevitable price correction will follow. In the event the price falls below $30,500, it will oscillate between $29,200 and $28,800. But a drop further below is highly unlikely this month unless the market falls victim to damaging news or events.
For example, the collapse of Silicon Valley Bank took the BTC price down to $20K in March. But eventually, it led investors to question the stability of the centralized monetary system and rekindled their appetite for decentralized assets like BTC. The macroeconomic conditions in major markets like the U.S. and the UK can take a toll on the price of BTC. The threat of a banking meltdown, inflationary pressures, and other macroeconomic uncertainties are still looming. Whether that is a good thing or a bad thing is susceptible to investor sentiments.
For example, MicroStrategy has acquired an additional 1,045 Bitcoin for $29.3M at an average price of $28,016 per piece. As of 4 April 2023, MicroStrategy holds 140,000 BTC acquired for close to $4.17 billion at an average price of $29,803 per Bitcoin. MicroStrategy is one of the world’s leading enterprise analytics platforms and the largest public company holder of BTC. Michael Saylor, the founder of MicroStrategy has long been an advocate of Bitcoin, urging companies to embrace it as a strategic asset.
Can BTC Hit $40,000 in April?
$40,000 is an ambitious shot for BTC in April, although the token has gained 47% in the last thirty days. It will need a stronger investor rush and whale action to mimic the price action this month, as the resistance at $30,500 will be harder to break.
This is because the release of CPI (Consumer Price Index) reports on April 12 and ongoing debates around whether the Federal Reserve will pivot have also contributed to the recent rally. It is widely predicted to show inflation down to 5.1% from 6.0% year-over-year previously. Whether BTC can retain the gains and capitalize on the shift will depend on the inflation data and how investors respond to it.
The U.S. 2-Year Treasury note has fallen as traders rapidly lowered their expectations of future Fed rate hikes. It will inject more liquidity into the market, which BTC can take advantage of heavily. It has a history of aggressively reacting to similar monetary shifts. BTC is increasingly seen as a reliable store of value, as it does away with the issues that usually come with storing your money with intermediaries like the bank. Many high-profile investors perceived it as a risk-off asset.
A modest, yet optimistic BTC price prediction for April is $34,800, as the coin can soon give way for a price correction.
Another narrative that has helped the Bitcoin price this year is de-dollarization, which fuels BTC adoption, especially among the younger generation. The increasing adoption of blockchain across small and large-scale institutions has also strengthened the momentum. Although 2020-2021 is considered the golden period for digital assets and BTC in particular, 2023 would see the mainstream penetration of blockchain technology and cryptocurrencies. Geopolitical instabilities and reckless banking policies would force many to find refuge in digital assets. So, $40,000 is a realistic aim for BTC this quarter, although it may not necessarily secure the price this month.
Is Bitcoin a Good Investment this Month?
BTC is a good investment this month, whether you’re looking for short-term or long-term returns. If BTC crosses $40,000 this quarter, we’re looking at more than 30% potential returns, which makes it a steal at the current price. The possibility of a downturn can’t be ruled out either, as a temporary price correction will follow the rally.
If you’re looking for a blue-chip crypto to buy this month, the best option is BTC. But blue-chip assets have limited room for growth, and BTC is no exception. The world’s largest cryptocurrency has a market cap of $581B. Even if the coin manages to break past its all-time high of $68,789, the return will be close to 130%. That’s definitely not a bad deal. But there are emerging and underrated cryptocurrencies that can do much better. It is important to fill at least 20% of your portfolio with promising new cryptocurrencies with low market caps to take advantage of crypto market volatility.
Listed below are two cryptocurrencies that make excellent investments this quarter. They are widely predicted to give 10X-20X returns by the end of this year, thanks to their solid foundation and market-relevant use cases.
DeeLance – The Best Utility Token to Buy in April 2023
There was a time when the crypto market was largely driven by speculation. While it’s true that a tweet from Elon Musk is all it takes to pump or dump some coins, the market can’t rely on speculation anymore. Investors learned it the hard way in 2022 when most cryptocurrencies tumbled down. And some to a point of no return. To give you a better perspective, Shiba Inu has fallen 87.06% from its all-time high since Oct 2021.
The market is inevitably moving in a utility-first direction. Only projects that explore market-relevant blockchain use cases can survive in the market now. A good example is DeeLance, a freelancing and recruitment platform that changes the way freelancers connect with potential employers using blockchain technology.
- The first fully decentralized freelance network
- Lowest commission (2%) in the industry
- Instant withdrawal recruitment platform
DeeLance has managed to win a large community in a short space of time since the project announcement, owing to the transparency and decentralization it brings to the freelancing market. To give you better insight into the rich market that DeeLance is stepping into, take a look:
The global gig economy is projected to surpass $450 billion in 2023 and the freelancing industry to exceed $12 billion by 2028. Moreover, 70% of small businesses worldwide hire freelancers for their daily operations, thanks to the impressive flexibility they offer along with cost-effective solutions. For similar reasons, over 65% of job holders have expressed a desire to work full-time as remote employees, according to a report.
In essence, the industry is growing at a rapid pace. Web2 platforms like LinkedIn, Upwork, and Toptal dominate the freelancing market. Features like pre-screened gigs, 24/7 customer support, and payment protection systems make them a favourite among users. But that is not to say they are without shortcomings.
- They offer little to no control over data ownership and use.
- Some freelancing platforms allegedly turn user data into a commodity for centralized Web2 freelancing platforms.
- Their prominent sources of revenue are high commission fees on escrow, advertising low-ranked services, and using personalized data of users.
- They have long payment cycles
- They operate within a centralized system
- Long paperwork
- Lack of transparent which lets bad actors penetrate
DeeLance aims to reinvigorate the freelancing market with a fast, efficient, and easy solution. How?
- No browser plugins, third-party apps, credit card details, or wallets-linking.
- Blockchain smart contracts throw out predatory middlemen from the equation and the high cost that comes with them. It charges the lowest commission in the market.
- Gives you full control over your data, in an approach unparalleled in the traditional market.
- Allows employers to convert the work they paid for into NFTs. It gives them full rights to the work and prevents copyright violations.
- Stores all buyer and seller reputations on the public blockchain using an automated dispute system. Escrow accounts implement trustlessness into the ecosystem, ensuring the utmost safety. Mitigates scams or manipulation.
There is one more reason why DeeLance is an excellent buy now. The platform is hosting the presale of its native token DLANCE. Grab them early to make the best use of the discounts, as the token price increases with each new stage. Money secured from the presale will go towards the development of the DeeLance NFT marketplace and the Metaverse app. A good share of the funds will also be used to strengthen the project’s industry foothold and network.
DeeLance has all the right ingredients to be at the forefront of the global freelancing revolution, making DLANCE one of the most promising new cryptocurrencies to buy now.
| Presale Started | 30 March 2023 |
| Purchase Methods | ETH, USDT, Credit Card |
| Chain | Ethereum |
| Min Investment | $10 |
| Max Investment | None |
Ecoterra – The Best Green Token to Buy in April 2023
Green cryptocurrencies are another lucrative digital asset category. Blockchain can bring a new wave of interest and engagement to climate action. The decentralized makeup of blockchain solutions makes them a better tool for global coordination when compared to traditional initiatives. So, the next best cryptocurrency to invest in now is Ecoterra, the first-of-its-kind Recycle2Earn token.
It uses crypto incentivization as a tool to encourage individuals, organizations, and governments to join the fight against climate change.
There are four pillars of the Ecoterra ecosystem:
The Ecoterra Recycle2Earn Application offers a great way to earn Ecoterra tokens for each item you recycle.
- It tracks your recycling activities
- Lists them on your user profile
- Mints your achievements as NFTs.
The second pillar is the Ecoterra Carbon Offset Marketplace, which simplifies carbon offsetting in a Web 3.0 set-up.
- It uses the most trusted standards for project verification.
- Each ton of carbon you offset is added to your impact profile as an achievement, which you can mint as an NFT once a target is hit.
The third pillar is the Recycled Materials Marketplace, which is a great place to find recycled items like plastic, aluminium, or glass on the platform.
- It bridges the gap between companies and recyclers.
- Buyers can reach out to recyclers, place orders, and make payments.
Finally, the Impact Trackable Profile allows companies and individuals to track and publish their contributions to environmental initiatives. You can scale your profile by accruing more achievements. If you’re a company, your Impact Trackable Profile will help you reach a large user base and procure valuable data on user profiles and behaviour.
Ecoterra’s unparalleled path to strengthening climate action solidifies its place among the top cryptocurrencies to watch out for this year. The fact that the app will be supported in all crypto-friendly countries that make use of reverse vending machines reveals that it is stepping into a rich market. Ecoterra presale is an excellent crypto investment gateway now.
| Symbol | ECOTERRA |
| Network | Ethereum ERC-20 |
| Total Supply | 2 Billion |
| Buy with | ETH, USDT, Card |
The Bitcoin Rally Continues: Why $34K is the Next Target For BTC Price
On Friday, Bitcoin (BTC) was well-bid at about the $28,000 mark, maintaining its upward trend. In the midst of the banking system’s upheaval, Bitcoin’s recent rise in buying pressure has attracted a notable inflow of cash, providing the asset an upward momentum and raising its rank higher among investment products.
This means that the current upward movement, which saw Bitcoin surpass $28,000 this week for the first time in nine months, was supported by a lot of conviction. At the time of writing, Bitcoin is trading at the $27, 698 level and is down by more than two percent in the last 24 hours.
According to a cryptocurrency analyst, the price charts for the market leader Bitcoin are currently flashing a bullish pattern. Trader Ali Martinez said that if the bullish trend turns out to be accurate, BTC may approach the $34,000 level.
Bitcoin to the Moon Soon?
After a weekend surge, Bitcoin temporarily took a halt and drifted below $27,000 on Wednesday as the U.S. The Federal Reserve announced it was increasing interest rates by 25 basis points as part of its campaign to contain inflation. Yet by Thursday, the leading crypto asset had made up those losses.
“Bitcoin – Nothing has changed. If this bullish megaphone is the governing pattern behind BTC price action, we could target $34,000.”
Martinez further mentioned that this week, around 310,000 Ethereum (ETH) were removed from exchange wallets over the course of 48 hours, according to data from the crypto analytics company Santiment.
“310,000 ETH have been taken out of known crypto exchange wallets in the last 48 hours, worth $558 million, shows data from Santiment Feed,” he said.
In the past, it was observed that the cryptocurrency exchange outflow was a bullish sign since it indicated investor cold wallet accumulation.
Ben Armstrong Reacts to Balaji Srinivasan’s $1 Million Target for Bitcoin
Crypto influencer Ben Armstrong, known as BitBoy Crypto, shared his views and offered his take on the prediction made by former Coinbase CTO Balaji Srinivasan on the price of Bitcoin. Srinivasan had earlier predicted that BTC would reach a staggering $1 million within 90 days.
Armstrong took to Twitter and said that he does think the leading digital currency might hit the $1 million mark in the next 90 days. He does not believe it will happen in the near future or even much later. The cryptocurrency blogger predicted that such a startling price increase wouldn’t happen before 2032, or nine years from now.
On the other hand, Srinivasan asserted that the current banking situation was comparable to the financial catastrophe of 2008. The central bankers, banks, and regulators, he continued, “lied to all dollar holders and depositors” at this time. The US businessman also placed a $1 million wager with an undisclosed person on the same day. The two would receive $1 million in USDC stablecoin from Circle if he loses.
BitBoy Crypto had earlier suggested that waiting till the $10k price point would be quite reckless when Bitcoin was falling in value in November 2022. Armstrong told the cryptocurrency community that buying coins at the current low prices would be a wise move because being too preoccupied with numbers could lead individuals to miss excellent investment chances.
Bitcoin Bulls Seem Unstoppable
After a disastrous 2022 in which the price of Bitcoin dropped by more than 64%, the price rose by more than 60% in 2023. Although some have labeled BTCs most recent comeback in the cryptocurrency market as a bull trap, there are solid reasons to believe that Bitcoin’s most glorious days are yet ahead of it. All losses were recovered, and the price of bitcoin now stands at $28,000. BTC has to break above the $28,500 resistance level before it can begin to rise steadily in the upcoming trading sessions.
Attention Traders: Bitcoin Price May Display a Diverse Trend in the Next 10 Days-Here’s the Potential Target
The whole world is watching the American banking condition with fear while the crypto markets continue to stand strong and thrive. The recent bank to join the ripple of fallouts is the First Republic bank. The banking giants like JP Morgan, Bank of America, CitiGroup, etc are making uninsured deposits and trying to save the bank from collapse.
Besides, Bitcoin made a surprising move above $27,000 as the banks continue to collapse. The wave of fallouts has benefited the crypto space massively as the recent report of First Republic Bank facing issues, raised the BTC price above crucial levels. However, the upswing may be halted for a while as the possibilities of a minor downswing emerge.
The market is currently at a stage where there is a certain dissonance between the news background and price movements. The BTC price is displaying a giant price movement which may be subjected to massive correction sooner or later. The price still carries the potential to rise beyond $28,500 and reach the target of $30,000 but only after a certain correction phase is triggered.
As seen in the above chart, the price is trading forming a wave pattern, which displays the prospects of the crypto market in the coming days. The Bitcoin (BTC) price is expected to rapidly drop from $21,000 to $21,500 where-in the traders are expected to accumulate heavily. This may trigger a strong rebound that may rise the price levels close to $30,000 in the next couple of weeks.
Therefore, the upcoming couple of weeks may be very important for Bitcoin and the entire crypto space as a significant plunge is expected to induce a catapult action over the crypto.
Once A Bearish Crypto Analyst Updates His Bitcoin Price Target
The crypto market had a massive bullish ride recently after Bitcoin price hit a nine-month high of $26,000 area. However, that bullish momentum was short lived as the star cryptocurrency has now retreated around $24,000. As of writing, Bitcoin is selling at $24,641 with a loss of 1.05% over the last 24hrs.
At present Bitcoin’s immediate resistance lies near $24,800 and if the currency breaks down below $24,500 support then BTC would be further hit with more bearish movements.
On the other hand, a well-known crypto analyst popularly known as DonAlt claims that Bitcoin can now be considered as sustainable and has a real narrative while the banks are losing their stance. Back in 2022, DonAlt was one among the analysts who had a bearish stance towards Bitcoin.
Bitcoin Price At $100K ?
Now, the analyst is of the opinion that Bitcoin will never face a pull back below $20,000 again.
Next, DonAlt talks about the failing banks in the US and abroad where he states that Bitcoin is not for a short term narrative.
The analyst gives out a list of macro economic events that has happened in the last 12 months and claims a $100,000 target for Bitcoin.
What needs to be noted here is that Bitcoin price has witnessed a huge price rise from its March 10th’s $19,000 level to the present $24,000. However, the upcoming Federal Reserve’s meeting and the interest rate hikes is said to play a major role in Bitcoin’s further price action.
Bitcoin Price Analysis: $24K Target Accomplished! The Next Stop for BTC Price is $30K
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Bitcoin price surged iconically during the past few hours and jumped beyond $24,000 marking a giant move of 20% in the past 3 days
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The bulls appear to have outpowered the bears completely, but the possibility of a bull trap cannot be wanned
Bitcoin was stuck in a multi-year descending trend for a long time, which has been cleared with the recent price action. The BTC price soared high despite the prevailing tensions within the US banks. The bank stocks are all getting slammed so hard that the NYSE had to halt trading on tons of them. Bitcoin, on the other hand, continues to demonstrate its strength in the face of prevailing conditions.
The BTC price closed the previous week on a bullish note. A clear hammer has formed that is wicking right off HTF support, and hence a higher target may act as a magnet. In the meantime, the technicals have also turned bullish, which indicates a larger price action could be underway.
But is it the end of the bear market, or are the bears laying down the biggest bull trap?
- Bitcoin price registered a very strong bullish candle and closed the previous week on a bullish note
- The formation of a bearish hammer signifies that bears have completely lost control over the rally and hence a potential reversal to an uptrend could be imminent
- After breaking above the multi-month descending trend line, it may now ignite a firm upswing as the prices have sustained at 0.78 FIB levels in the weekly chart
- Besides, the weekly RSI is yet to mark its presence within the overbought range and until then the price may keep inflating to reach higher targets.
- However, MACD could be a matter of concern as it may flash a sell signal soon which could hinder the progress of the rally ahead
Overall, the crypto markets are painted green! Meanwhile, while multiple factors may have fueled the rally, investor optimism is paramount. A continuing trend may maintain bullish sentiments and provide the foundation needed to move towards the next targets of $25,000 initially and $30,000 later, en route through $28,000.
Bearish Trade-Set up Laid for Bitcoin This Weekend-Here’s the Target You Can Expect
Bitcoin price is about to plunge below $23,000 as the bulls are slowly getting exhausted from holding the price tight above these levels. The recent price drop has intensified the bearish hold over the rally. Hence, the coming weekend is expected to record yet another bearish candle, testing the lower support.
Where will the Bitcoin price find its bottom?
The buyers appear to have shed their strength to a large extent as they fail to hold the price at or above $24,000. As a result, a ‘zig-zag’ price plunge may be expected in the coming days. After slicing down from its first target at $23,200, the next target of the BTC price could be around $22,050 to $22550 which may also be the bottom of the current descending trend.
In case, the BTC price fails to hold at these levels, then the price may experience a fine downswing testing the next support zones.
On the other hand, if the price fails to hold at any support levels, then it is assumed to enter the high liquidity area between $17,800 and $20,800, which appears unlikely at the moment. Therefore, a minor pullback may be followed by a decent rebound and a minor upswing.
Bitcoin Live Price: BTC Price Retests Previous Resistance-Is $25K Target Still in Play?
Crypto markets are consolidating now after undergoing a giant price action during the early trading hours. After undergoing a 12% jump, Bitcoin bulls appear to be drained and hence the price witnessed a major pullback back. Despite the consolidated crypto markets for the day the BTC flashes a very rare buy signal.
BTC prices are hovering around the crucial support zone that acted as a resistance before flashing a chance of reversal. The upper resistance line stems from the August 2022 high which had been a strong resistance zone during yesterday’s price jump. Moreover, in the short term, the price is yet to break the downtrend line which may keep up the bearish momentum in the coming days.
However, a popular analyst, Michael van de Poppe, continues to be bullish on Bitcoin and also believes the price may head toward $30.
Besides, the analyst also expects the price to plunge slightly and reach the lower support close to $22,800.
“Bitcoin corrects after hitting final resistance before $30K,
That’s not bad, that’s normal
I’s be watching $22.8K as crucial support to sustain and then we’ll be making HL’s again for continuation,”
Collectively, it appears that the BTC price is preparing for the next bullish and hence could maintain a consolidated trend for a while before breaking above $25,000.
Cardano Bulls Target the $0.40 Levels Amid the Launch of Valentine Upgrade
Cardano’s Valentine upgrade launched on the Cardano mainnet on Tuesday and ever since the announcement, the price has been soaring. ADA underwent a brief pullback in February following the massive gain in January in order to refuel the faltering bullish momentum. The coin price consequently dropped 12% from the previous week and attempted support around $0.357 again.
Cardano’s price found support close to the $0.345 area after a continuous fall. Price fluctuated as low as $0.3454 before beginning a steady rise recently. The $0.365 and $0.370 resistance levels were clearly broken. On the upside, the $0.392 area is a close-by immediate resistance. Near the $0.407 region, the next significant resistance is developing. In the last 24 hours, Cardano’s ADA has surged more than seven percent.
The Cardano project’s developer, Input Output Global (IOG), revealed the upgrade’s inclusion of support for the Plutus SECP cryptographic primitive in a tweet on Valentine’s Day. The IOG later clarified in a tweet that SECP native support encourages cross-chain interoperability while preserving the highest level of security.
Interoperability is indeed crucial to the growth of blockchains because it enables different blockchains to communicate and exchange information with each other, which expands their functionality and potential use cases.
“Interoperability is key for blockchain growth. As more DApps are built on #Cardano, it is essential that they are not siloed to just one ecosystem, enabling users to interact with different blockchains and access a wider range of services.”
It also aims to solve this problem by enabling different blockchains to talk to each other. This can be achieved through various mechanisms, such as cross-chain communication protocols, bridges, or interledger protocols. With interoperability, it becomes possible to create cross-chain applications, where different blockchains can work together to provide new and innovative services.
Cardano Price to Enter Decisive Phase Soon-Will it Reache $0.45 Target in Q1 2023?
The crypto market is plunging with the global crypto market cap dropping close to $1 trillion and on the threshold of a massive pullback. The descending trend has accelerated which paves way for the bears to intensify their actions soon. Meanwhile, the Cardano (ADA) price has just begun to head towards the lower targets that may find themselves in deep waters soon.
Cardano raised to gain the levels it lost during the FTX fiasco, marking its presence over the first target at $0.37. However, the rally failed to reach the pivotal resistance zone beyond $0.41 which led the bulls to give up for a while. Presently, the bears appear to have conquered the rally but a notable flip may mark soon.
Cardano – On:Chain Analysis
The year 2022 was quite brutal on the entire crypto space that remained under the acute bearish influence. However, the cryptos managed to rebound and gain more than 20% to 30% of their value since the beginning of 2023. As per the data from Santiment, multiple metrics are on the rise which may impact the price ahead.
- MVRV Ratio Flashing Bullish Signals
MVRV is a ratio that compares the market value of a token to its desired value to determine the fair value. Presently, the fair value of the token is above the MVRV ratio of the past 30 days and of the past 365 days. Hence, it can be determined that traders are constantly accumulating as the price is undervalued, flashing the possibility of a bullish breakout soon.
- Whale Accumulation Soared High
In times when the ADA price has been stuck within narrow regions, whale activity appears to have intensified. The addresses holding ADA between 10K to 10M ADA tokens have been accumulating more tokens ever since the FTX collapse which has reached its peak at the moment.
- Spike in the Mean Dollar Invested Age
The MEan Dollar Invested Age is nothing but the average of all coins/tokens on the blockchain weighted by the purchase price. The levels have been on the rise since August 2022 indicating that the dormant accounts resume accumulating ADA tokens.
- Rise in Daily Active Address
The Daily active address refers to the number of addresses, interacting with the Cardano chain (in the case of ADA) regardless of the nature of the trade. Each address is considered only once per day, irrespective of whether they are performing a buy trade, sell trade, or swapping the tokens. The active addresses indicate the rising traction of the platform which is witnessed at the moment.
Collectively, Cardano is among the projects with robust fundamentals and hence one can expect a notable upswing in the coming days.
Top Expert Predicts a 500% Surge for The Graph (GRT), $1 Target Insight
After increasing by more than 200% earlier in the year, the price of The Graph (GRT) fell by roughly 14.5% throughout the course of a single trading day, reaching $0.18. This action displayed symptoms of short-term upward fatigue.
On February 7, the token reached its sessional high of $0.23, which was also the highest level it had achieved over the last nine months. At the time of this publication, one token is equal to $0.17. Now, a well-known cryptocurrency expert has expressed extremely bullish sentiment toward the Ethereum-based token.
GRT to Spike by Over 500%
James Mullarney, who hosts the cryptocurrency-focused YouTube channel InvestAnswers, predicted that the price of GRT may increase by around 521% from its present level during the subsequent bull market.
Mullarney thinks that during the next bull run, The Graph might trade for more than $1. He went on to say that this may begin in one year and five months, one year and 14 months, or one year and a half from now. In addition, he said that investors should refrain from investing their money on the blockchain data indexing system token due to the fear of missing out (FOMO).
“The Graph took a huge run. It’s gone up to 3x in a very short window of time. It’s coming back off of that euphoria as with all the other names going up 800%, 900%. So not financial advice, but sit tight. Don’t kind of FOMO in.”—James Mullarney
Is GRT Overbought?
The Graph is now considered to be technically overbought, according to the daily relative strength index (RSI) indicator, as a result of the remarkable price rise seen in GRT.
Interestingly, the daily RSI has beyond 70, which is seen as an indication of overbought conditions by conventional market watchers. This often results in a depletion of the potential for further gains, which is then followed by either consolidation or a large market correction. Therefore, there is a very high possibility that Mullarney’s prediction will become a reality.
Expert Who Nailed 2018 Bitcoin Forecast Predicts Epic Rally, Reveals Target Price!
The recent surge in Bitcoin prices is causing excitement among investors, who are comparing it to the second quarter of 2019, when Bitcoin rose from $3,000 to $13,000 in just four months, repeating its two-year bull run. Currently, Bitcoin has risen by 50% from its bottom, leading to growing anticipation of a similar bubble.
A successful crypto strategist who accurately predicted the 2018 Bitcoin surge believes that the reigning cryptocurrency is still in a bull run. He supports this with the use of Elliott Wave theory, a complex technical analysis tool for predicting price behavior based on the psychology of crowds in waves.
According to the theory, there will be five upswings in asset prices, with the five-wave increase in the expert’s graph reaching a maximum of $28,000. The current value of Bitcoin is $23,165.
The expert also has a positive outlook on Ethereum (ETH), the top smart contract protocol. He believes that ETH will break out of a symmetrical triangle pattern and reach $1,900. Ethereum’s price is $1,583 at the moment.
To summarize the analyst outlook on the asset class, both BTC and ETH are in an accumulation phase, and a rally is evident. This means that an “echo bubble,” which is a market recovery that occurs too soon after a previous bubble has burst, isn’t necessarily a bad thing. Investors can profit from echo bubbles, which also boosts market confidence after a big drop. However, it’s important to do your own research and only invest what you can afford to lose.
Expert Who Nailed 2018 Bitcoin Forecast Predicts Epic Rally, Reveals Target Price!
The recent surge in Bitcoin prices is causing excitement among investors, who are comparing it to the second quarter of 2019, when Bitcoin rose from $3,000 to $13,000 in just four months, repeating its two-year bull run. Currently, Bitcoin has risen by 50% from its bottom, leading to growing anticipation of a similar bubble.
A successful crypto strategist who accurately predicted the 2018 Bitcoin surge believes that the reigning cryptocurrency is still in a bull run. He supports this with the use of Elliott Wave theory, a complex technical analysis tool for predicting price behavior based on the psychology of crowds in waves.
According to the theory, there will be five upswings in asset prices, with the five-wave increase in the expert’s graph reaching a maximum of $28,000. The current value of Bitcoin is $23,165.
The expert also has a positive outlook on Ethereum (ETH), the top smart contract protocol. He believes that ETH will break out of a symmetrical triangle pattern and reach $1,900. Ethereum’s price is $1,583 at the moment.
To summarize the analyst outlook on the asset class, both BTC and ETH are in an accumulation phase, and a rally is evident. This means that an “echo bubble,” which is a market recovery that occurs too soon after a previous bubble has burst, isn’t necessarily a bad thing. Investors can profit from echo bubbles, which also boosts market confidence after a big drop. However, it’s important to do your own research and only invest what you can afford to lose.
Is Elon Musk SEC’s Next Target? Is Dogecoin in Danger?
Elon Musk might face legal action from the US Securities and Exchange Commission (SEC) if he decides to accept only Dogecoin (DOGE) as a payment method on Twitter, according to attorney John Deaton. This statement came after SEC Chairman Gary Gensler stated that there was no need to establish regulations for the new sector.
Deaton’s comments come in response to news that Musk is trying to integrate payments into Twitter. The payment method is not known, but reports suggest that the company has already started developing software and applied for licenses. Deaton wrote on Twitter that if Musk only accepted DOGE as a payment method on Twitter, he could face legal action from the SEC for DOGE being an unregistered security.
He wrote on Twitter, “Here’s a thought: If @elonmusk allowed for payments over @Twitter but ONLY allowed #DOGE, would he be at risk that the SEC would sue him claiming #DOGE is an unregistered security? The answer should be: that’s a ridiculous thought. But with today’s malicious SEC, is it?”
Gensler has stated that most cryptocurrencies, with the exception of Bitcoin, are securities and are governed by traditional finance laws. The SEC has also claimed in its lawsuit against Ripple that XRP is always security, a position that Deaton, who represents thousands of XRP investors, has repeatedly noted as a violation of securities legislation.
XRP VS SEC
In a recent video for Crypto Law TV, Deaton discussed what transpired in court regarding the legal dispute between the SEC and Ripple. He said that the SEC requested a broad, ambiguous injunction from the New Hampshire district court judge to prohibit the sale of the LBRY token during an appeal hearing in order to classify it as a security and bring secondary market sales under the SEC’s authority.
If Bitcoin Succeeds to Flip $23k into Support, Here’s The Next bullish target
The global crypto market value has increased by around 3%, with a significant uptick in Bitcoin’s price, which has already surpassed $23,000. Approximately $1.09 trillion is the current market capitalization as a whole.
The recent increase in cryptocurrency prices is related to the possible cessation of interest rate hikes. With interest rates rising over the past year, riskier assets like cryptocurrency have become less appealing, therefore the prospect of a decline in value has been a catalyst for investing.
The largest cryptocurrency, at the time of writing, was trading over $23,000, down 0.7% over the previous day. However, BTC has increased by about 40% in January and, if history is any indication, BTC may be poised for a significant move higher given that its recent upsurge reminds the bull revival of mid-2019.
What are the experts saying?
Michael Van De Poppe took to his Twitter handle and said, “Chop chop chop, that’s what we see here. Might be some distribution going on in which we’ll drop south to test some levels and liquidity for #Bitcoin. Break and flip $23.1K -> test at $24K. Losing $22.3K -> $20K test.”
He added, “Still in resistance zone here for #Bitcoin. Probably one more wick up before we correct, as I think that another retest of the range low isn’t going to hold.”
Another analyst by the name of Captain Faibik said that Bitcoin is getting ready for its next bullish impulse and revealed that $25k is the next target.
Titan Of Crypto said that there was a big move incoming for Bitcoin as it is flipping green. Have a look.
XRP Price Prediction: These are the Potential Target for the Ripple (XRP) Price in 2023
The post XRP Price Prediction: These are the Potential Target for the Ripple (XRP) Price in 2023 appeared first on Coinpedia Fintech News
The crypto space is gearing up for one of the most volatile months with multiple events set to impact the value of the majority of the cryptos. XRP price is also believed to rise significantly as the buying volume has intensified to a large extent. The much-awaited judgment of the Ripple vs SEC lawsuit is expected to be produced which may act as the biggest catalyst for the price to propel high.
Ever since the market dropped due to the FTX fiasco, the XRP price has maintained significant strength and recovered most of the losses very quickly. Since then the token is able to hold above the crucial support levels but constantly fails to rise above the pivotal resistance.
However, the current consolidation is expected to prevail for some more time beyond which a gigantic bull run may compel the price to undergo a 5x or 10x rally.
The analyst here predicts the targets for the XRP price which is interestingly in double-digit figures based on the Eliot wave analysis. However, these target levels are believed to be achieved in the next couple of years.
Considering the short-term projection, XRP price is believed to remain extremely volatile as a couple of events are believed to impact the entire crypto space. The upcoming FOMC MoM and the fresh CPI rates are believed to uplift the XRP price to some extent. The XRP price with a slight push towards the north may reach $0.4 and secure levels above $0.44.
Key Points to Note:
Resistance: $0.4
Support : $0.33
MA-50 Day: $0.3722
MA-200 Day: $0.3862
This Could be the Next Target for the Bitcoin (BTC) Price if it Clears Crucial Levels at $17,300!
The fresh CPI numbers have induced significant volatility within the crypto space as Bitcoin prices touch the pivotal levels at $18,000 after a month. The bears somehow managed to restrict the price below these levels, but bulls also appear pretty strong at the moment. The BTC price is trading within a crucial zone aiming to slice through the important targets at the earliest.
The bulls now appear ready for some good green December after the current pullback to $16,800 resulted in an upswing. Meanwhile, the possibilities of testing the $15,800 to $15,500 range are still in place which may provide a better place for the buyers to kick in to reclaim the levels close to $16,800. Once these levels are served, then a fine upswing may rise the price beyond $17,300.
The levels around $17,300 appear to be pretty crucial as the market makers appear to target sellers (shorters) to stop-hunt around the $17,600 all the way up to $18,300. In the worst-case scenario, a triple bottom could arise in the short-term rally which could induce significant pressure on the asset from the north; Therefore, the BTC price still possesses a 75% of chance to reach beyond $18,000 and over 65% chance to surge beyond $20.000
Therefore, to begin with, a firm upswing, it is now mandatory for the price to experience a pullback towards the $15,433 range which will attract more buyers. In the rest of the days in 2022 and in January 2023, the buyers are expected to be given the opportunity to recover slightly with the current accumulation as a base. However, regardless of the current market trend, the Bitcoin(BTC) price may witness a major dump in 2023-2024.
Shiba INU Losing the Grip, This Could be Target for the End of December 2022!
The crypto market has turned slightly bullish as the recent CPI rates which were lowered from 7.7% to & 7.1% have positively impacted the crypto space. The Bitcoin price surged in no time recording monthly highs at $18,000 but also dropped quickly ahead. The rise also awakened the altcoins that were stagnant for the past week.
Regardless of the stagnant trend of SHIB, the whales continue to accumulate as the number of large transactions (more than $100K) fell an inch short to hit 10K txs, which is the highest in the past 7 days.
The SHIB price has been stuck within a region between $0.00000953 and $0.00000891 for nearly a month. While multiple attempts of breaking through the range stood ineffective, a sense of indecisiveness emerged among the market participants. Meanwhile, the current trade setup displays signs of reversal from $0.0000089 to as high as $0.00000964.
The current whale movement appears to be quite sluggish, in times when the price is decreasing signaling a potential jump in the SHIB price soon.
The Shiba INU price is trading sideways for nearly a month now as the volume has slashed heavily. Moreover, the sequence of the red & green candles indicates the participants are unsure about the upcoming trend. However, considering the current pattern, the SHIB price could trade in a similar way to reach the pinnacle of the consolidation of the symmetric triangle. Post to which a notable surge may be imminent.
Learn Why DOGE, Shiba Inu and Big Eyes Holders Target Oryen After a 110% Price Surge
As the ICO market continues to mature, investors are becoming savvier and less likely to invest in projects without thorough research. This has caused many to focus on projects with a proven track record that will be viable in the long term.
One such project is Oryen, which has seen its market value increase by 110% since it began phase 3 of its project. This level of confidence in the project makes it one of the top ten altcoins to buy in 2022. Thus, appealing to investors who want to ensure their money is well spent.
Oryen’s Fast Pace Against Other Crypto Projects
Oryen’s price surge indicates that investors are looking for an alternative way to earn rewards from their crypto assets. The Oryen Autostaking Technic (OAT) provides an easy and convenient way for users to earn rebase rewards from their Oryen tokens.
Oryen’s unique approach is based on a protocol called OAT, which offers the holder of the ORY token an automatic staking and compounding interest feature. Users who buy ORY automatically get staked and are qualified to receive rebase rewards, making it the easiest auto-staking in DeFi. The appeal to investors of this technology was demonstrated when ORY gained 110% in profits for their ICO investors.
The recent listing has driven the price surge of ORY tokens on Business2Community as the list of top DeFi tokens for 2022. The main reason for this price rise is what investors and traders see as a good investment opportunity. This opportunity comes from investors earning up to 110% ROI on their initial investment after purchasing ORY tokens during the ICO sale period.
The project offers a fixed yield of 0.177% daily, which makes it one of the highest rates currently available on the market. Additionally, holders who hold ORY tokens can earn 90% annually on their holdings through compounding interest.
All-in-One Network
The Oryen ICO is a game-changer for the cryptocurrency industry. With its unique and innovative approach to the blockchain, it is poised to take the world by storm.
Oryen’s team has developed an ecosystem allowing users to trade assets on the blockchain easily and securely. The network is built on top of Binance’s smart chain, which was developed by one of the most successful exchanges in history. It is also fully audited by SolidProof based on industry standards.
Conclusion
The Oryen Community is currently in its third presale/ICO phase, and one can expect the project to surpass and outperform other crypto projects. Oryen has made several advancements in the DeFi space and has gained traction from top crypto investors and DeFi holders. Overall, this crypto project is worth following as many developments are still to come.
Know more here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Top Analyst Warns Shiba Inu Traders, Updates Target For Dogecoin
As Dogecoin gains traction due to the completion of the Elon Musk-Twitter deal, Shiba Inu which is in close connection with DOGE has also gained some momentum. SHIB had a bullish momentum hitting a target of $0.00001275 just a day before setting back from its upward price action.
At the time of reporting, Shiba Inu is valued at $0.00001231 after a plunge of 0.82% in the last 24hrs and a surge of 22.54% in the last seven days. The immediate support lies around $0.00001225 while the resistance is positioned at $0.00001238.
Meanwhile, a popular crypto trader and strategist is warning traders who are hoping for Shiba Inu to reverse its price action. The analyst who is anonymously known as Altcoin Sherpa informs his 185,700 followers over Twitter that after the meme currency failed to move above its resistance level of $0.00014, SHIB is about to see more loss.
Dogecoin (DOGE) Price
The next currency that the strategist talks about is the meme king, Dogecoin where he claims that DOGE will hit $0.16 next. He then says that he is neither going long or shorting Dogecoin.
Currently, Dogecoin is changing hands at $0.1214 after a drop of 2.94% over the last 24hrs.
Avalanche (AVAX) Price
The third currency that has caught the trader’s attention is Ethereum competitor, Avalanche (AVAX). He believes that if Bitcoin maintains a stable price action, then Avalanche will see some bullish run soon.
As per the above mentioned chart, Altcoin Sherpa believes that AVAX will move towards $29.11 after a surge of 60% from its current trading price. At the moment, Avalanche is valued at $19.08 with a surge of 2.74% in the last 24hrs.
Injective (INJ) Price
Before the analyst winds up his analysis, he picks Injective (INJ), a decentralized exchange which provides a variety of financial products like spot trading, futures and more. As per Sherpa INJ’s supply zone around $2.20 has been strong and predicts the currency to hit $2.40.
At the time of writing, Injective (INJ) is trading at $2.37 after an upswing of 5.43% in the last 24hrs.
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Top Analyst Predicts Bitcoin Price Target For The End Of 2022
The weekend is here, and the crypto market has turned red once again, with the global market cap dipping below $1 trillion, after a couple of days of price gains and positive momentum.
In the early hours today, it was observed that the Bitcoin had reached $20,667 before dropping towards the $20,200 level. At the time of reporting, Bitcoin is trading at $20,289 after a fall of 2.39% over the last 24hrs.
Meanwhile, a well-known crypto analyst and trader, anonymously known as Crypto Capo, has predicted that Bitcoin is about to crash and the altcoins will surge.
The analyst displays a chart on his Twitter handle with 565,900 followers and claims big plans for the flagship currency.
Bitcoin Price At $25k?
Furthermore, the analyst expects Bitcoin to consolidate around $21,500 and says that if Bitcoin moves beyond $21,500, the asset will consolidate near $23,000 before hitting a high of $24,000 and $25,000.
However, as per Capo, if the Bitcoin bulls fail to move the currency above $21,500 then the currency will enter a bearish trend. If this happens, Bitcoin would fall to $13,725 by the end of 2022.
As the King currency has slightly dropped in the last 24hrs, Capo asserts that the currency formed a low-time frame distribution of not more than $20,500 and $21,200
Before Capo winds up, he asserts that the “shitcoins” are surging and will move towards new heights.
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Analyst Warns Bitcoin Downtrend, Updates Target For FTM, NEAR
The year 2022 has experienced an extended pump and dump trade especially from May. Today the market appears a bit greener as Bitcoin has gained 0.46% while Ethereum has surged by 0.63% in the last 24hrs. The same is followed by other altcoins like BNB, XRP, Cardano among others.
Meanwhile, a closely followed crypto analyst is giving his bearish prediction towards Bitcoin (BTC) along with altcoins like Fantom (FTM), Injective Protocol (INJ) and Near Protocol (NEAR).
Fantom (FTM)
The analyst who is anonymously known as Altcoin Sherpa starts his analysis from Fantom (FTM). He informs his 184,900 Twitter fanbase that this contract-based blockchain is about to find its ground.
Hence, he believes that no bottom would occur anytime soon.
Currently, Fantom is trading at $0.2043 with a surge of 2.31% in the last 24hrs.
Injective Protocol (INJ)
Next he picks up Injective Protocol (INJ) which is a decentralized derivatives exchange. The analyst claims that he is opting to pull out his investments when INJ hits around $2.02 as there is too much selling.
At the time of writing, Injective Protocol is valued at $1.85 after a drop of $0.05% over the last 24hrs.
Near Protocol (NEAR)
The last altcoin that Altcoin Sherpa talks about is the Near Protocol (NEAR) which is a decentralized application platform. He is of the opinion that currently NEAR is too weak and will drop below $2.
At the moment, Near Protocol is selling at $2.86 followed by an upswing of 0.83% in the last day.
Bitcoin (BTC) Price
Before the analyst wraps up his analysis, he puts forth his analysis for Bitcoin where suggest a bearish breakdown. He says that after the flagship currency has traded around $19,000 since June, Bitcoin might move down towards the $16,000, $14,000 and $12,000 range.
At present, Bitcoin is trading at $19,141 with a surge of 0.49% over the last 24hrs.