Crypto Analyst Projects $7 Trillion Market Cap For Altcoins – Here’s When
Altcoins To Go Parabolic Again? In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analyst’s bullish argument revolves around the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross. From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market.
In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion.
تم إطلاق سراح CZ من الحجز بكفالة شخصية بقيمة 175 مليون دولار، وهي واحدة من أكبر مبالغ الكفالة في التاريخ. ومن المقرر عقد جلسة استماع له في 23 فبراير 2024.
لقد اتخذ الرئيس الأرجنتيني المنتخب حديثا خافيير ميلي موقفا قويا مناهضا للبنك المركزي، حيث قام بتدمير نموذج للمؤسسة على شاشة التلفزيون في أكتوبر/تشرين الأول الماضي. ورغم أنه من المؤيدين الصريحين للبيتكوين، فمن غير المتوقع أن يحذو ميلي حذو السلفادور في تبنيها كعملة قانونية.
وبدلا من ذلك، يدعو إلى الدولرة الكاملة لمعالجة التضخم المتزايد، مما يشير إلى تحولات كبيرة في السياسات الاقتصادية والنقدية في ظل رئاسته.
Sam Altman returned to OpenAI HQ and could be reinstated as CEO soon. Elon Musk says ‘the public should be informed’ why he was fired in the first place
It’s been a tumultuous weekend for OpenAI and anyone who follows the field of artificial intelligence. After the OpenAI board fired CEO Sam Altman on Friday, investors who’d been taken off guard by the move raced to reinstate him.
On Sunday afternoon, Altman was back in the OpenAI headquarters, Bloomberg reported, and the decision to reinstate him could be made shortly. Altman shared a photo of himself on X wearing a guest badge and making a face, writing, “first and last time i ever wear one of these.”
But even if he is reinstated, questions remain about why the board fired him in the first place. The board gave only vague reasons on Friday.
Among those wanting to know is Tesla CEO Elon Musk, who wrote on X: “Given the risk and power of advanced AI, the public should be informed of why the board felt they had to take such drastic action.”
When an X user said it felt as if there were a “bombshell variable” the public was unaware of behind Altman’s firing, Musk replied, “Exactly.”
Shibarium main metrics slow down Shibariumscan explorer shows a slowdown in two major metrics that measure the utility of this Layer-2 blockchain — transactions and connected wallets. Currently, the total transaction count on Shibarium stands really close to the 4-million mark at 3,968,531 with only around 100,000 new transactions added over the past couple of weeks. For more than a month, the total count froze slightly above the 1,800,000 level too.
Millions of Shiba Inu Burned, While SHIB Price 10% Down $SHIB #shubarium
According to data provided by the Shibburn wallet tracker, over the span of the last 24 hours, the SHIB army has transferred several tens of millions of SHIB to dead-end wallets — 49,806,773 Shiba Inu meme coins in total.
Nearly all of these SHIB got burned in a single transfer, which moved 49,750,000 SHIB to the "blockchain furnace." The other four transfers have not exceeded 20,360 Shiba Inu.
In the meantime, the second largest meme cryptocurrency Shiba Inu shows an approximately 10% decrease since Nov. 11. On Tuesday, Nov. 14, the SHIB price reached a 15% drop but then reversed and has shown a 6.77% increase since then. It has several times tried to break through the $0.00000910 resistance, but these attempts were unsuccessful.
Cryptocurrency exchange Bullish has bought CoinDesk, the Wall Street Journal (WSJ) reported on Monday.
Bullish, which is run by former New York Stock Exchange (NYSE) President Tom Farley, bought 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal, the Journal said. Financial terms of the deal were not disclosed.
Solana’s native token – SOL – has captured much attention lately due to its considerable price increase. It spiked to almost $70 on November 16, a figure last observed in May 2022. Its market dynamics have become a trendy topic among cryptocurrency participants, with some wondering whether an additional rally could be on the cards before the year’s end.
According to the AI-powered language model ChatGPT, SOL could continue its uptrend in the remaining months of 2023 and even surpass the market capitalization of Ripple’s native token – XRP – should several critical factors be in place.
One such element is the regulatory environment. ChatGPT estimated that a favorable update surrounding the lawsuit between Ripple and the US SEC could benefit XRP, meaning it would be tough for SOL to catch up with the pace.
The overall sentiment across the community is also worth observing. The general feeling of investors toward a certain crypto asset could play a role in its price swings, while positive news and partnerships might also propel a bull run. q
زيادة بقيمة 2 مليار دولار على Solana (SOL) DeFi استثنائية، ولهذا السبب #SOLUSD $SOL
يركب نظام Solana البيئي موجة من النمو غير المسبوق، لا سيما في قطاع التمويل اللامركزي (DeFi). في أسبوع واحد فقط، ارتفعت أحجام التداول في البورصات اللامركزية (DEXes) القائمة في سولانا بنسبة 54٪، لتصل إلى أكثر من 3 مليارات دولار، محطمة الأرقام القياسية السابقة وتدل على حقبة جديدة لأنشطة التمويل اللامركزي الخاصة ببلوكتشين.
وهذه الطفرة ليست مجرد رقم؛ إنه يمثل التحدي المتزايد الذي يواجهه Solana لمنصات العقود الذكية القائمة مثل Ethereum. بفضل قدرة Solana على التعامل مع ما يصل إلى 65000 معاملة في الثانية برسوم منخفضة بشكل لا يصدق، فقد أصبحت بمثابة blockchain المفضل للمتداولين الباحثين عن العائد والتداول اللامركزي عالي التردد.
يدعم الرسم البياني للسعر هذا النمو، ويظهر اتجاهًا صعوديًا قويًا وثابتًا لرمز Solana الأصلي، SOL. يعرض الرسم البياني نمطًا صعوديًا، حيث يتم دعم سعر الرمز المميز من خلال سلسلة من المتوسطات المتحركة التي تتماشى مع الزخم الصعودي المستمر. يشير هذا التحليل الفني إلى أن السوق يستجيب بشكل إيجابي للتطورات داخل نظام Solana البيئي. علاوة على ذلك، شهدت منصات Solana DEX الرائدة مثل Orca وRaydium ارتفاعًا كبيرًا في أحجام التداول بنسبة تزيد عن 70%، مما يشير إلى نمو مركز وقوي داخل النظام البيئي للمنصة. وقد وضعت Solana نفسها الآن كثالث أكبر سلسلة بلوكتشين من حيث نشاط المعاملات، متخلفة عن Ethereum وArbitrum فقط، وهو مؤشر واضح على إمكاناتها المزدهرة وقبولها في السوق.
مع هذا الزخم، أصبح Solana سريعًا منافسًا هائلاً في مجال التمويل اللامركزي. ويشير الإدماج السريع للمشاريع والمستخدمين على المنصة إلى وجود نظام بيئي جاهز لمزيد من النمو الهائل، وعلى استعداد لتولي هيمنة اللاعبين الراسخين في مجال التمويل اللامركزي.
Cardano (ADA) Forms Golden Cross: Details $ADA #ADA+2.65%
Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has formed a golden cross on its daily chart
Cardano's daily moving average (MA) 50 has crossed above the moving average (MA) 200, confirming a pattern known as a "golden cross" — a bullish indicator. A golden cross indicates a long-term bull market going forward and, as such, traders are on the lookout to see if Cardano will sustain its recent advance. Cardano has enjoyed a price increase since the weekend and might mark its third consecutive day of gains if today closes in green. What's next for price? Cardano's ADA rebounded sharply off lows of $0.35 on Nov. 18, as seen from the long tail on the candlestick. The bulls advanced the rally to today's high of $0.3996, with the next target being the $0.409 high. If bulls can cross this barrier, Cardano might reach $0.46.
25 million XRP on move, sender exposed Prominent cryptocurrency tracker Whale Alert has reported that an anonymous wallet transferred an impressive 25 million XRP to the Bitstamp crypto trading platform. This XRP lump is equal to $15,559,207 in fiat. The transaction caused a wave of comments, among which both concerned and surprised ones could be found. One X user, however, mentioned why and by whom the transfer was made. "Ripple to ODL," he stated under the Whale Alert X post. Data provided by Bithomp confirmed this user's assumption.