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Three Protocol Launches $THREE Token: the Foundation of Decentralised Marketplaces
The post Three Protocol Launches $THREE Token: The Foundation of Decentralised Marketplaces appeared first on Coinpedia Fintech News
Three Protocol, the first project incubated by Tectum, announces the highly anticipated launch of its native token, $THREE. The protocol’s vision is to deliver a series of decentralised marketplaces to open digital commerce to the world, including the unbanked, debanked, and privacy enthusiasts. $THREE is at the heart of these marketplaces.
$THREE will be used across the entire Three Protocol ecosystem. It will be used for payments and purchases, facilitating access to services and products without central oversight or geographical barriers. All aspects of Three Protocol are built on blockchain technology, including their decentralised identification (powered by zk-SNARK), neural network AI, and tri-sig DAO capabilities.
As $THREE launches, Three Protocol takes another step closer to delivering their series of ambitious decentralised marketplaces and financial inclusivity for huge segments of the global society. The tokenomics model is designed with the community in mind. It aims to encourage participation and has significant market liquidity thanks to the fair and equitable distribution.
Key features of the $THREE token include:
Market Liquidity: 75% of the supply is earmarked for market liquidity. The team is building for the community, and this liquidity will encourage trading activity while maintaining price stability.
Team Allocation: 15% allocated to the team with an 18-month vesting period.
Staking Opportunities: 10% dedicated to staking, allowing long-term token holders opportunity for revenue generation.
Starting with Jobs3, the $THREE token will be used across the various exchanges. Jobs3 is the flagship marketplace brought by the Three Protocol team, with a further 4 marketplaces featuring on the roadmap. That includes a decentralised version of eBay, Uber, Autotrader, and food delivery.
Alongside the marketplaces, Three Protocol has unveiled a comprehensive roadmap outlining key milestones and development initiatives:
May: Launch of the $THREE token on Uniswap with the $THREE/wETH trading pair.
June: Introduction of $THREE token staking, enabling token holders to earn rewards while contributing to network security.
July: Technological enhancements to the Jobs3 platform, including the Neural Network AI integration for improved job-matching algorithms and prompt-based search capabilities.
The Three Protocol team has been working on this project for the last 3 years and remains committed to both transparency and accountability, not least through their fully doxxed team and KYC. The smart contract and token passed with a perfect score when audited by Cyberscope. With the support of the Tectum team and the infrastructure they provide, Three Protocol will quickly reach the broader community and deliver their vision of decentralised marketplaces for all.
To participate in the $THREE token launch and learn more about Three Protocol, visit https://www.threeprotocol.ai/.
About Three Protocol:
Three Protocol is delivering a shift towards inclusivity and privacy in digital commerce. They are providing the opportunity for users to freely earn and spend without central oversight from CBDCs and fiat systems. Three Protocol is building for the unbanked, the debanked, the privacy-conscious, and blockchain enthusiasts. With $THREE at its heart, Three Protocol is poised to deliver freedom-giving, privacy-conscious decentralized marketplaces.
Website | Twitter | Telegram | LinkedIn | YouTube
Three Protocol, the first project incubated by Tectum, announces the highly anticipated launch of its native token, $THREE. The protocol’s vision is to deliver a series of decentralised marketplaces to open digital commerce to the world, including the unbanked, debanked, and privacy enthusiasts. $THREE is at the heart of these marketplaces.
$THREE will be used across the entire Three Protocol ecosystem. It will be used for payments and purchases, facilitating access to services and products without central oversight or geographical barriers. All aspects of Three Protocol are built on blockchain technology, including their decentralised identification (powered by zk-SNARK), neural network AI, and tri-sig DAO capabilities.
As $THREE launches, Three Protocol takes another step closer to delivering their series of ambitious decentralised marketplaces and financial inclusivity for huge segments of the global society. The tokenomics model is designed with the community in mind. It aims to encourage participation and has significant market liquidity thanks to the fair and equitable distribution.
Key features of the $THREE token include:
Market Liquidity: 75% of the supply is earmarked for market liquidity. The team is building for the community, and this liquidity will encourage trading activity while maintaining price stability.
Team Allocation: 15% allocated to the team with an 18-month vesting period.
Staking Opportunities: 10% dedicated to staking, allowing long-term token holders opportunity for revenue generation.
Starting with Jobs3, the $THREE token will be used across the various exchanges. Jobs3 is the flagship marketplace brought by the Three Protocol team, with a further 4 marketplaces featuring on the roadmap. That includes a decentralised version of eBay, Uber, Autotrader, and food delivery.
Alongside the marketplaces, Three Protocol has unveiled a comprehensive roadmap outlining key milestones and development initiatives:
May: Launch of the $THREE token on Uniswap with the $THREE/wETH trading pair.
June: Introduction of $THREE token staking, enabling token holders to earn rewards while contributing to network security.
July: Technological enhancements to the Jobs3 platform, including the Neural Network AI integration for improved job-matching algorithms and prompt-based search capabilities.
The Three Protocol team has been working on this project for the last 3 years and remains committed to both transparency and accountability, not least through their fully doxxed team and KYC. The smart contract and token passed with a perfect score when audited by Cyberscope. With the support of the Tectum team and the infrastructure they provide, Three Protocol will quickly reach the broader community and deliver their vision of decentralised marketplaces for all.
To participate in the $THREE token launch and learn more about Three Protocol, visit https://www.threeprotocol.ai/.
About Three Protocol:
Three Protocol is delivering a shift towards inclusivity and privacy in digital commerce. They are providing the opportunity for users to freely earn and spend without central oversight from CBDCs and fiat systems. Three Protocol is building for the unbanked, the debanked, the privacy-conscious, and blockchain enthusiasts. With $THREE at its heart, Three Protocol is poised to deliver freedom-giving, privacy-conscious decentralized marketplaces.
Website | Twitter | Telegram | LinkedIn | YouTube
AI Cryptos to HODL: Render, Internet Computer, and New Crypto Raboo
The post AI Cryptos to HODL: Render, Internet Computer, and New Crypto Raboo appeared first on Coinpedia Fintech News
AI cryptos were at the forefront of the bullish market at the start of the year as more investors sought innovation and automation from their projects. Render and Internet Computer have emerged as tokens to HODL as AI cryptos continue to rise to the surface.
Joining the party is the new crypto Raboo, which is currently in its presale. With tokens currently available at the giveaway price of just $0.0042 and the ICO passing the $1 million milestone, here’s why Raboo is joining the ranks of AI cryptos investors will HODL in 2024.
Render: Fluctuating price, but investors HODL with bullish forecasts
Render remains one of the most resilient AI cryptos on the market after its surge in Q1 of this year, surging to $13.15 and breaking a $5 billion market cap. Many analysts believe that Render’s founder, Jules Urbach’s speech at NVIDIA’s GTC 2024 conference, a significant industry event, accelerated this price pump.
While Render’s price has fallen back in recent weeks to $8.48, it remains over 350% higher than this time last year, leading to continuing bullish forecasts. With growth expected among AI cryptos for the remainder of the year, Render is one that current investors are likely to HODL in the expectation that the RNDR token will scale new heights.
Internet Computer: AI pioneer building “World Computer”
Since its launch in 2021, Internet Computer has emerged as one of the leading AI cryptos. Internet Computer is promoting a groundbreaking shift in the blockchain world, aiming to create a “World Computer.”
Internet Computer aims to eliminate the dependence on centralized cloud computing services, instead building a fully decentralized digital toolbox offering comprehensive online services. From online storage to web-based social media platforms, Internet Computer’s harnessing of AI technology makes it a pioneering project that existing token holders will HODL ahead of an expected surge in the token’s value.
Raboo: Could it eclipse the best AI cryptos on the market?
Raboo (RABT) is a brand-new meme coin that harnesses AI technology’s power and combines it with SocialFi mechanics to create a potential meme coin behemoth. With the assurance of a SOLIDProof audit underpinning its smart contract, Raboo offers outstanding security to accompany its exciting value proposition.
At the heart of Raboo’s use case, users can enjoy using the AI meme-generation tool to create their own memes before using the unique post-to-earn feature to share their creations and monetize their content. The SocialFi mechanism also allows users to enter competitions and giveaways and be part of a growing, vibrant community that already exceeds 4,000 members.
After passing the $1 million milestone, the Raboo presale is going from strength to strength. Analysts are forecasting a 233% return during the presale alone for earliest-stage investors before potential 100x profits once the coin hits the public consciousness.
As a result, expect presale investors to HODL onto their RABT tokens with the prospect of potentially incredible returns this year.
Conclusion
AI cryptos are becoming the must-have tokens this year, with long-term holders of Render and Internet Computer potentially being rewarded for their loyalty. However, the best of the bunch is Raboo, with its incredible 100% growth potential and innovative value proposition.
You can participate in the Raboo presale here.
AI cryptos were at the forefront of the bullish market at the start of the year as more investors sought innovation and automation from their projects. Render and Internet Computer have emerged as tokens to HODL as AI cryptos continue to rise to the surface.
Joining the party is the new crypto Raboo, which is currently in its presale. With tokens currently available at the giveaway price of just $0.0042 and the ICO passing the $1 million milestone, here’s why Raboo is joining the ranks of AI cryptos investors will HODL in 2024.
Render: Fluctuating price, but investors HODL with bullish forecasts
Render remains one of the most resilient AI cryptos on the market after its surge in Q1 of this year, surging to $13.15 and breaking a $5 billion market cap. Many analysts believe that Render’s founder, Jules Urbach’s speech at NVIDIA’s GTC 2024 conference, a significant industry event, accelerated this price pump.
While Render’s price has fallen back in recent weeks to $8.48, it remains over 350% higher than this time last year, leading to continuing bullish forecasts. With growth expected among AI cryptos for the remainder of the year, Render is one that current investors are likely to HODL in the expectation that the RNDR token will scale new heights.
Internet Computer: AI pioneer building “World Computer”
Since its launch in 2021, Internet Computer has emerged as one of the leading AI cryptos. Internet Computer is promoting a groundbreaking shift in the blockchain world, aiming to create a “World Computer.”
Internet Computer aims to eliminate the dependence on centralized cloud computing services, instead building a fully decentralized digital toolbox offering comprehensive online services. From online storage to web-based social media platforms, Internet Computer’s harnessing of AI technology makes it a pioneering project that existing token holders will HODL ahead of an expected surge in the token’s value.
Raboo: Could it eclipse the best AI cryptos on the market?
Raboo (RABT) is a brand-new meme coin that harnesses AI technology’s power and combines it with SocialFi mechanics to create a potential meme coin behemoth. With the assurance of a SOLIDProof audit underpinning its smart contract, Raboo offers outstanding security to accompany its exciting value proposition.
At the heart of Raboo’s use case, users can enjoy using the AI meme-generation tool to create their own memes before using the unique post-to-earn feature to share their creations and monetize their content. The SocialFi mechanism also allows users to enter competitions and giveaways and be part of a growing, vibrant community that already exceeds 4,000 members.
After passing the $1 million milestone, the Raboo presale is going from strength to strength. Analysts are forecasting a 233% return during the presale alone for earliest-stage investors before potential 100x profits once the coin hits the public consciousness.
As a result, expect presale investors to HODL onto their RABT tokens with the prospect of potentially incredible returns this year.
Conclusion
AI cryptos are becoming the must-have tokens this year, with long-term holders of Render and Internet Computer potentially being rewarded for their loyalty. However, the best of the bunch is Raboo, with its incredible 100% growth potential and innovative value proposition.
You can participate in the Raboo presale here.
Artificial Intelligence Tokens Stumble Again! Is the AI Hype Over?
The post Artificial Intelligence Tokens Stumble Again! Is The AI Hype Over? appeared first on Coinpedia Fintech News
The cryptocurrency industry continues to display a bearish price action, resulting in top tokens hovering close to their important support levels. Furthermore, the Artificial Intelligence (AI) category has recorded a significant correction of 3.53% in valuation within the past day.
Top AI tokens experience a strong rising bearish sentiment in their respective portfolio, indicating a negative outlook for these tokens in the coming time. Thinking of investing in AI tokens? In this article, we have covered the in-depth price forecasts of the top 4 AI tokens for this week.
Near Protocol (NEAR):
The NEAR price had started the year positively by adding over 245% and achieving the $9 mark. However, it lost 30% in valuation. Since then, the Near Protocol price has repeatedly failed to break out of its important resistance level at $7.685, indicating a strong liquidation point for the AI leader at that level.
TradingView: NEAR/USDT
Moreover, the Near Protocol token has lost 6.83% within the past 24 hours and 1% over the past 30 days, indicating a weak price action. Positively, it has a Year-to-Date (YTD) return of 89.56% in value, indicating a positive outlook for this AI token in the long-term perspective.
The technical indicator, MACD, displays a constant decline in the green histogram, indicating weak buying and selling pressure for the altcoin in the crypto industry. Furthermore, the averages show a high possibility of a bearish convergence, suggesting a negative price action this week.
If the market pushes the price above the resistance level of $7.685, the bulls will regain momentum and prepare to test its upper resistance level of $9 during the upcoming weeks. However, bearish price action may pull the price toward its low of $6.225.
Render (RNDR):
The RNDR price continues to display a neutral trend by trading in a closed range between $7.10 and $8.985 for about three weeks, indicating weak buying and selling pressure for the AI token in the crypto space.
TradingView: RNDR/USDT
Moreover, the Render price has lost 15% within the past seven days and 29.08% over the past 30 days, highlighting a bearish outlook for the altcoin during the upcoming week.
The Moving Average Convergence Divergence (MACD) shows a constant flatline in its 1D time frame chart, suggesting a weak price action for the RNDR token. Moreover, the averages display a bearish crossover, suggesting the price may continue losing value this week.
If the bulls regain momentum, the RNDR price will attempt to test its upper high of $8.98 by the coming weekend. Conversely, if the bears continue to dominate the market, it will plunge and test its lower support level of $7 in the coming time.
The Graph (GRT):
After recording a low of $0.1388 in February, the GRT price regained momentum and recorded a jump of 256.62% in value before facing rejection at the resistance level of $0.4950. After this, the bulls lost momentum, traded under a bearish influence, and recorded a correction of 53.23%.
TradingView: GRT/USDT
Since then, The Graph price has been trading in a closed range between $0.2315 and $0.2950. Moreover, the EMA 50-day acts as a resistance to the price chart, indicating a strong bearish influence for the altcoin in the industry.
The MACD displays a constant decline in the green histogram, highlighting an increase in the selling pressure in the crypto space. Furthermore, the averages show a bearish convergence, indicating a negative outlook for the altcoin this week.
If the market experiences a bullish reversal in the chart, the GRT price will prepare to test its resistance level of $0.3550 in the coming time. Negatively, if the bears continue to dominate the market, it will plunge and test its crucial support level of $0.2315.
Theta Network (THETA):
The Theta price constantly fails to break out of its resistance level at $2.430, indicating a liquidity point at that level. Moreover, the EMA 50-day acts as a resistance to the price chart, highlighting a strong bearish influence. The Theta Network token has recorded a correction of 23.17% over the past 30 days.
TradingView: THETA/USDT
The technical indicator, MACD, shows a constant flatline in the chart with its averages displaying a high possibility of a bearish convergence, highlighting a weak buying and selling pressure for the THETA Network token in the cryptocurrency market.
If the bulls regain momentum, the Theta Network price will prepare to test its upper resistance level of $3.050 during the upcoming week. However, bearish price action may pull the price toward its lower support level of $1.800.
The cryptocurrency industry continues to display a bearish price action, resulting in top tokens hovering close to their important support levels. Furthermore, the Artificial Intelligence (AI) category has recorded a significant correction of 3.53% in valuation within the past day.
Top AI tokens experience a strong rising bearish sentiment in their respective portfolio, indicating a negative outlook for these tokens in the coming time. Thinking of investing in AI tokens? In this article, we have covered the in-depth price forecasts of the top 4 AI tokens for this week.
Near Protocol (NEAR):
The NEAR price had started the year positively by adding over 245% and achieving the $9 mark. However, it lost 30% in valuation. Since then, the Near Protocol price has repeatedly failed to break out of its important resistance level at $7.685, indicating a strong liquidation point for the AI leader at that level.
TradingView: NEAR/USDT
Moreover, the Near Protocol token has lost 6.83% within the past 24 hours and 1% over the past 30 days, indicating a weak price action. Positively, it has a Year-to-Date (YTD) return of 89.56% in value, indicating a positive outlook for this AI token in the long-term perspective.
The technical indicator, MACD, displays a constant decline in the green histogram, indicating weak buying and selling pressure for the altcoin in the crypto industry. Furthermore, the averages show a high possibility of a bearish convergence, suggesting a negative price action this week.
If the market pushes the price above the resistance level of $7.685, the bulls will regain momentum and prepare to test its upper resistance level of $9 during the upcoming weeks. However, bearish price action may pull the price toward its low of $6.225.
Render (RNDR):
The RNDR price continues to display a neutral trend by trading in a closed range between $7.10 and $8.985 for about three weeks, indicating weak buying and selling pressure for the AI token in the crypto space.
TradingView: RNDR/USDT
Moreover, the Render price has lost 15% within the past seven days and 29.08% over the past 30 days, highlighting a bearish outlook for the altcoin during the upcoming week.
The Moving Average Convergence Divergence (MACD) shows a constant flatline in its 1D time frame chart, suggesting a weak price action for the RNDR token. Moreover, the averages display a bearish crossover, suggesting the price may continue losing value this week.
If the bulls regain momentum, the RNDR price will attempt to test its upper high of $8.98 by the coming weekend. Conversely, if the bears continue to dominate the market, it will plunge and test its lower support level of $7 in the coming time.
The Graph (GRT):
After recording a low of $0.1388 in February, the GRT price regained momentum and recorded a jump of 256.62% in value before facing rejection at the resistance level of $0.4950. After this, the bulls lost momentum, traded under a bearish influence, and recorded a correction of 53.23%.
TradingView: GRT/USDT
Since then, The Graph price has been trading in a closed range between $0.2315 and $0.2950. Moreover, the EMA 50-day acts as a resistance to the price chart, indicating a strong bearish influence for the altcoin in the industry.
The MACD displays a constant decline in the green histogram, highlighting an increase in the selling pressure in the crypto space. Furthermore, the averages show a bearish convergence, indicating a negative outlook for the altcoin this week.
If the market experiences a bullish reversal in the chart, the GRT price will prepare to test its resistance level of $0.3550 in the coming time. Negatively, if the bears continue to dominate the market, it will plunge and test its crucial support level of $0.2315.
Theta Network (THETA):
The Theta price constantly fails to break out of its resistance level at $2.430, indicating a liquidity point at that level. Moreover, the EMA 50-day acts as a resistance to the price chart, highlighting a strong bearish influence. The Theta Network token has recorded a correction of 23.17% over the past 30 days.
TradingView: THETA/USDT
The technical indicator, MACD, shows a constant flatline in the chart with its averages displaying a high possibility of a bearish convergence, highlighting a weak buying and selling pressure for the THETA Network token in the cryptocurrency market.
If the bulls regain momentum, the Theta Network price will prepare to test its upper resistance level of $3.050 during the upcoming week. However, bearish price action may pull the price toward its lower support level of $1.800.
Bitgert Coin Rockets Upwards With a Projected 2000% Surge!
The post Bitgert Coin Rockets Upwards with a Projected 2000% Surge! appeared first on Coinpedia Fintech News
The cryptocurrency market has been life-changing for so many investors that made the right decision in terms of partaking in the right project. With the right project, it is easy to get return of investment as such projects tend to experience a surge in value consistency.
This period, the crypto market is gearing up for another bull run with the halving that recently took place, taking the chances of a bull run high. Good projects are finally taking shape as expected and one project that has gotten attention all over is Bitgert.
Bitgert has been on a consistent rise and is in good shape to perform even better. The reason many has tipped it to hit at least 2000% which is highly feasible from the movement shown.
Bitgert Growth So Far
Bitgert is one of the few existing crypto projects that have shown consistency in terms of performance. According to stats gathered from coin ranking platforms, the likes of CMC and CG, it is evident Bitgert has made over 25,000% rise since it was launched, giving investors value for money and attracting interest across the industry.
Bitgert has been able to perform excellently well as they found the perfect formula for success in the cryptocurrency ecosystem. In terms of utilities, Bitgert can hardly be matched even by other top cryptocurrency projects. It is the fastest existing chain in the industry with a capacity of processing a whopping 100k transactions per second, making investors get the best out of the industry without any delay or frustrations. This has been pivotal in Bitgert’s growth as more investors seek to enjoy this privilege which it makes available.
Bitgert’s quality partnerships is another reason for the consistent growth and uptrend which the coin has experienced. They partnered with the best of the best ranging from Forward, Coldstack, Unicorn galaxy and so many others and this has been very key to the level of success it has attained as more investors are interested in its offerings.
A driving factor to more adoption of Bitgert is its zero gas fee nature. This is one feature that can barely be found in the cryptocurrency ecosystem but Bitgert has made it possible, solving a majority of the problems many investors face when navigating the crypto ecosystem.
Bitgert To Hit Over 2000%, Stay Alert!
Many crypto analysts have kept close eyes on the growth of Bitgert recently. In the last 4 months, it was able to record over 76% upsurge and its trading volume has not been left behind as well, showing that more investors are utilizing it.
In the last few weeks, Bitgert has been on green with continuous upsurge experience, this has led several analysts to look into the potential in it and many experts have strongly predicted that Bitgert will hit at least 2000% in near future.
Conclusion
Despite an upsurge of over 2000% inevitable for Bitgert, it is important to research. Know more here
The cryptocurrency market has been life-changing for so many investors that made the right decision in terms of partaking in the right project. With the right project, it is easy to get return of investment as such projects tend to experience a surge in value consistency.
This period, the crypto market is gearing up for another bull run with the halving that recently took place, taking the chances of a bull run high. Good projects are finally taking shape as expected and one project that has gotten attention all over is Bitgert.
Bitgert has been on a consistent rise and is in good shape to perform even better. The reason many has tipped it to hit at least 2000% which is highly feasible from the movement shown.
Bitgert Growth So Far
Bitgert is one of the few existing crypto projects that have shown consistency in terms of performance. According to stats gathered from coin ranking platforms, the likes of CMC and CG, it is evident Bitgert has made over 25,000% rise since it was launched, giving investors value for money and attracting interest across the industry.
Bitgert has been able to perform excellently well as they found the perfect formula for success in the cryptocurrency ecosystem. In terms of utilities, Bitgert can hardly be matched even by other top cryptocurrency projects. It is the fastest existing chain in the industry with a capacity of processing a whopping 100k transactions per second, making investors get the best out of the industry without any delay or frustrations. This has been pivotal in Bitgert’s growth as more investors seek to enjoy this privilege which it makes available.
Bitgert’s quality partnerships is another reason for the consistent growth and uptrend which the coin has experienced. They partnered with the best of the best ranging from Forward, Coldstack, Unicorn galaxy and so many others and this has been very key to the level of success it has attained as more investors are interested in its offerings.
A driving factor to more adoption of Bitgert is its zero gas fee nature. This is one feature that can barely be found in the cryptocurrency ecosystem but Bitgert has made it possible, solving a majority of the problems many investors face when navigating the crypto ecosystem.
Bitgert To Hit Over 2000%, Stay Alert!
Many crypto analysts have kept close eyes on the growth of Bitgert recently. In the last 4 months, it was able to record over 76% upsurge and its trading volume has not been left behind as well, showing that more investors are utilizing it.
In the last few weeks, Bitgert has been on green with continuous upsurge experience, this has led several analysts to look into the potential in it and many experts have strongly predicted that Bitgert will hit at least 2000% in near future.
Conclusion
Despite an upsurge of over 2000% inevitable for Bitgert, it is important to research. Know more here
Unlocking the Potential: How to Make $250K With BEFE Coin!
The post Unlocking the Potential: How to Make $250K with BEFE Coin! appeared first on Coinpedia Fintech News
As the cryptocurrency market booms, the BEFE Coin is making headlines for its impressive price hikes. This meme coin has caught the attention of experienced investors as well as novices who are wondering about what it could do. What sets BEFE apart? Let us have a look.
Why BEFE stand out from its competitors?
Here are some simple reasons why the BEFE coin has seen massive success in the recent past.
Simplicity is Key: This frictionless trading experience provided by BEFE is especially attractive to those who desire to avoid complicated fee structures because it does not have taxes.
Community Driven: The lack of presale in this fair launch model of the BEFE coin levelled the playing field and built a strong sense of community from day one.
Market Presence: In the world of meme coins, no other project has gained such rapid adoption with many uses being developed for them so quickly while at the same time attracting dedicated followerships than BEFE.
Signs of Strength for the BEFE coin
These are some tangible reasons for investor confidence based on how it has performed recently:
Resilience: Having rebounded rapidly from an all-time low, there can be no doubt that people are very interested in investing in it and might still do so because they believe its growth potential is high.
Active Community: What shows that a community is engaged more than anything else during times when most people would be scared away by bad news such as crashes? They keep on trading with each other thus causing even higher volumes! This means increase in buyers/sellers due to optimism. Hence prices go up eventually despite everything falling down around them just like now where we see lots more sellers/buyers staying optimistic until things turn around again like usual..!
The strengths of BEFE are unique; the growth rate indicates that this cryptocurrency has a lot of potential; its community is devoted. All these factors make it an interesting option among other meme coins. As the crypto industry keeps changing, BEFE seems well-positioned for further success.
BEFE is mirroring the explosive growth paths trajectories of past meme coin giants like Dogecoin and Shiba Inu, making it a compelling choice for investors seeking the next big thing. With momentum building rapidly and price targets of $0.01 on the horizon, the time to consider BEFE is now.
This means that $100 invested in BEFE today, might as well become $250,000 in the days to come.
Conclusion
So, this is your chance to be part of something special – choose BEFE and join the ride.
As the cryptocurrency market booms, the BEFE Coin is making headlines for its impressive price hikes. This meme coin has caught the attention of experienced investors as well as novices who are wondering about what it could do. What sets BEFE apart? Let us have a look.
Why BEFE stand out from its competitors?
Here are some simple reasons why the BEFE coin has seen massive success in the recent past.
Simplicity is Key: This frictionless trading experience provided by BEFE is especially attractive to those who desire to avoid complicated fee structures because it does not have taxes.
Community Driven: The lack of presale in this fair launch model of the BEFE coin levelled the playing field and built a strong sense of community from day one.
Market Presence: In the world of meme coins, no other project has gained such rapid adoption with many uses being developed for them so quickly while at the same time attracting dedicated followerships than BEFE.
Signs of Strength for the BEFE coin
These are some tangible reasons for investor confidence based on how it has performed recently:
Resilience: Having rebounded rapidly from an all-time low, there can be no doubt that people are very interested in investing in it and might still do so because they believe its growth potential is high.
Active Community: What shows that a community is engaged more than anything else during times when most people would be scared away by bad news such as crashes? They keep on trading with each other thus causing even higher volumes! This means increase in buyers/sellers due to optimism. Hence prices go up eventually despite everything falling down around them just like now where we see lots more sellers/buyers staying optimistic until things turn around again like usual..!
The strengths of BEFE are unique; the growth rate indicates that this cryptocurrency has a lot of potential; its community is devoted. All these factors make it an interesting option among other meme coins. As the crypto industry keeps changing, BEFE seems well-positioned for further success.
BEFE is mirroring the explosive growth paths trajectories of past meme coin giants like Dogecoin and Shiba Inu, making it a compelling choice for investors seeking the next big thing. With momentum building rapidly and price targets of $0.01 on the horizon, the time to consider BEFE is now.
This means that $100 invested in BEFE today, might as well become $250,000 in the days to come.
Conclusion
So, this is your chance to be part of something special – choose BEFE and join the ride.
Crypto Expert List Out Top 5 Altcoin With Huge Return in 2024
The post Crypto Expert List Out Top 5 Altcoin With Huge Return In 2024 appeared first on Coinpedia Fintech News
Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.
These altcoins are deemed by van de Poppe to have the potential for 3x returns compared to Bitcoin while minimizing risk.
Top Altcoins With 3x Gain
The analyst claimed that he chose these altcoins because they are now at the bottom of the market and these tokens have the capability of surging 3x against BTC.
#Altcoins that can generate a 3x in BTC, with the lowest amount of risk:– $OP – $LINK – $WOO– $TIA– $SKL It's not that hard from these levels.
— Michaël van de Poppe (@CryptoMichNL) April 27, 2024
OP Games (OP): This altcoin operates within the gaming industry, an area with significant growth potential. Currently OP coin is trading at $2.47 and it is almost 50% down from its January high of $4.8.
Chainlink (LINK): Chainlink is a well-established decentralized oracle network that facilitates smart contract interoperability. With its strong fundamentals and widespread adoption, Van de Poppe sees LINK as a promising contender for outperforming BTC.
Wootrade (WOO): Wootrade is a decentralized trading platform designed to enhance liquidity across various crypto exchanges. Van de Poppe notes that Woo Coin has experienced a significant decline from its previous high of $0.82, with the current trading price at $0.29.
Celestia (TIA): It’s the first modular blockchain network that enables anyone to easily deploy their blockchain with minimal overhead. As of now, TIA is trading at $9.65, reflecting a 6.51% decrease and resulting in a market capitalization of $1.7 billion.
Skale Network (SKL): Skale Network is a decentralized Ethereum-compatible blockchain network designed to improve scalability and interoperability. Van de Poppe views SKL as a promising project with the potential to outpace BTC in terms of returns.
Decrease in Bitcoin Holdings
Despite his historical focus on Bitcoin, the analyst revealed a recent decrease in his Bitcoin holdings, indicating a shift towards altcoins. However, van de Poppe clarified that he plans to increase his Bitcoin holdings again in the future.
Furthermore, the analyst, who has shown bullish sentiment towards Ethereum, provided assessments for this altcoin as well. He noted that ETH’s price has begun to rise once more. Additionally, he highlighted that the ETH/BTC pair has reached its highest level in the last two years.
Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.
These altcoins are deemed by van de Poppe to have the potential for 3x returns compared to Bitcoin while minimizing risk.
Top Altcoins With 3x Gain
The analyst claimed that he chose these altcoins because they are now at the bottom of the market and these tokens have the capability of surging 3x against BTC.
#Altcoins that can generate a 3x in BTC, with the lowest amount of risk:– $OP – $LINK – $WOO– $TIA– $SKL It's not that hard from these levels.
— Michaël van de Poppe (@CryptoMichNL) April 27, 2024
OP Games (OP): This altcoin operates within the gaming industry, an area with significant growth potential. Currently OP coin is trading at $2.47 and it is almost 50% down from its January high of $4.8.
Chainlink (LINK): Chainlink is a well-established decentralized oracle network that facilitates smart contract interoperability. With its strong fundamentals and widespread adoption, Van de Poppe sees LINK as a promising contender for outperforming BTC.
Wootrade (WOO): Wootrade is a decentralized trading platform designed to enhance liquidity across various crypto exchanges. Van de Poppe notes that Woo Coin has experienced a significant decline from its previous high of $0.82, with the current trading price at $0.29.
Celestia (TIA): It’s the first modular blockchain network that enables anyone to easily deploy their blockchain with minimal overhead. As of now, TIA is trading at $9.65, reflecting a 6.51% decrease and resulting in a market capitalization of $1.7 billion.
Skale Network (SKL): Skale Network is a decentralized Ethereum-compatible blockchain network designed to improve scalability and interoperability. Van de Poppe views SKL as a promising project with the potential to outpace BTC in terms of returns.
Decrease in Bitcoin Holdings
Despite his historical focus on Bitcoin, the analyst revealed a recent decrease in his Bitcoin holdings, indicating a shift towards altcoins. However, van de Poppe clarified that he plans to increase his Bitcoin holdings again in the future.
Furthermore, the analyst, who has shown bullish sentiment towards Ethereum, provided assessments for this altcoin as well. He noted that ETH’s price has begun to rise once more. Additionally, he highlighted that the ETH/BTC pair has reached its highest level in the last two years.
Ripple Vs SEC : Legal Expert Believes SEC May Delay Settlement; Here’s Why
The post Ripple vs SEC : Legal Expert Believes SEC May Delay Settlement; Here’s Why appeared first on Coinpedia Fintech News
It has been a week full of drama and negotiations since the Ripple vs. SEC case is nearing a potential settlement, but according to XRP advocate Bill Morgan, the SEC might delay resolution through appeals and injunctions. Will a delay be good or bad for XRP? Let’s see what’s popping for XRP in the coming days.
The SEC seeking an injunction that would stop ODL sales and the SEC’s intention to appeal on programmatic sales are bigger obstacles to settlement. https://t.co/BSAnhSv6yk
— bill morgan (@Belisarius2020) April 28, 2024
Settlement not in Sight?
Morgan highlights the SEC’s pursuit of an injunction to halt Ripple’s On-Demand Liquidity (ODL) sales and its intention to appeal programmatic sales as significant obstacles to settlement. These actions suggest a prolonged legal dispute and potential challenges for both parties.
The implications of such delays could be significant for both Ripple and the broader XRP market. Ripple’s business operations, particularly its ODL sales, could face disruptions if the SEC wins in obtaining an injunction. This disruption may also impact the price of XRP, which currently hovers around $0.50.
However, if a settlement is reached, XRP supporters anticipate a price surge, with Morgan predicting a $1 valuation post-settlement. Today, XRP saw a 4.48% decrease, settling at $0.5011. Its trading volume surged by 33.42% to $795.94 million in the past 24 hours. Over the week, it shed nearly 7% in value, and over the month, it dropped around 20%. These figures indicate the current volatility and downward trend in XRP’s price.
What Next?
Meanwhile, Judge Sarah Netburn, overseeing the case, has granted the SEC an extension until April 29, 2024, to respond to Ripple’s opposition to the agency’s proposed civil penalties. SEC is also preparing to file its opposition brief to Ripple’s Motion to Strike, due by April 29, and its reply brief to contest Ripple’s opposition brief, due by May 6.
These filings will influence the outcome of the case, where the SEC seeks a $2 billion penalty and injunction against Ripple. However, the outcome is unlikely to affect the SEC’s plans to appeal the ruling on Programmatic Sales of XRP.
On the other side, Ripple argues for a penalty capped at $10 million, challenging the SEC’s claims as exaggerated and lacking substantial evidence. The response and subsequent counter from both parties will be crucial in determining whether a settlement is imminent in the Ripple vs SEC case.
Other Legal cases
Meanwhile, other crypto cases, such as SEC v Coinbase and Consensys vs. SEC, could impact the SEC’s strategies according to Bill Morgan. Notably, Consensys has filed a lawsuit against the SEC, contesting the classification of Ethereum as a security. A victory for Consensys could potentially impact the SEC’s approach to regulating cryptocurrencies and its appeal against the Programmatic Sales of XRP ruling.
It has been a week full of drama and negotiations since the Ripple vs. SEC case is nearing a potential settlement, but according to XRP advocate Bill Morgan, the SEC might delay resolution through appeals and injunctions. Will a delay be good or bad for XRP? Let’s see what’s popping for XRP in the coming days.
The SEC seeking an injunction that would stop ODL sales and the SEC’s intention to appeal on programmatic sales are bigger obstacles to settlement. https://t.co/BSAnhSv6yk
— bill morgan (@Belisarius2020) April 28, 2024
Settlement not in Sight?
Morgan highlights the SEC’s pursuit of an injunction to halt Ripple’s On-Demand Liquidity (ODL) sales and its intention to appeal programmatic sales as significant obstacles to settlement. These actions suggest a prolonged legal dispute and potential challenges for both parties.
The implications of such delays could be significant for both Ripple and the broader XRP market. Ripple’s business operations, particularly its ODL sales, could face disruptions if the SEC wins in obtaining an injunction. This disruption may also impact the price of XRP, which currently hovers around $0.50.
However, if a settlement is reached, XRP supporters anticipate a price surge, with Morgan predicting a $1 valuation post-settlement. Today, XRP saw a 4.48% decrease, settling at $0.5011. Its trading volume surged by 33.42% to $795.94 million in the past 24 hours. Over the week, it shed nearly 7% in value, and over the month, it dropped around 20%. These figures indicate the current volatility and downward trend in XRP’s price.
What Next?
Meanwhile, Judge Sarah Netburn, overseeing the case, has granted the SEC an extension until April 29, 2024, to respond to Ripple’s opposition to the agency’s proposed civil penalties. SEC is also preparing to file its opposition brief to Ripple’s Motion to Strike, due by April 29, and its reply brief to contest Ripple’s opposition brief, due by May 6.
These filings will influence the outcome of the case, where the SEC seeks a $2 billion penalty and injunction against Ripple. However, the outcome is unlikely to affect the SEC’s plans to appeal the ruling on Programmatic Sales of XRP.
On the other side, Ripple argues for a penalty capped at $10 million, challenging the SEC’s claims as exaggerated and lacking substantial evidence. The response and subsequent counter from both parties will be crucial in determining whether a settlement is imminent in the Ripple vs SEC case.
Other Legal cases
Meanwhile, other crypto cases, such as SEC v Coinbase and Consensys vs. SEC, could impact the SEC’s strategies according to Bill Morgan. Notably, Consensys has filed a lawsuit against the SEC, contesting the classification of Ethereum as a security. A victory for Consensys could potentially impact the SEC’s approach to regulating cryptocurrencies and its appeal against the Programmatic Sales of XRP ruling.
Why Ethereum Gas Fee Hits 6-Month Low?
The post Why Ethereum Gas Fee Hits 6-Month Low? appeared first on Coinpedia Fintech News
Ethereum gas fees have dropped to a six-month low, a sign of the altcoin boom. Market participants and experts are both interested in the recent drop in Ethereum transaction fees, which happened at the same time as Ether’s price surged by 4.3%. Santiment says that the fact that the average transaction cost for gas dropped to just $1.12 on April 27 has big effects on the cryptocurrency market as a whole, especially for altcoins.
Reasons for the Fee Drop?
One big reason is less traffic on the network. Fees usually go down when there are fewer transactions. The latest upgrade at Dencun has also helped make things run more smoothly.
Historically, such declines in gas fees have often preceded periods of heightened activity and price appreciation in altcoins. Santiment’s analysis suggests such drops happen around market bottoms, indicating a potential reversal in sentiment and the beginning of an altcoin rally. This observation is supported by Ethereum’s sustained deflationary trend post-Merge, where more ETH has been burned than issued over the past five months, adding to a reduction in overall supply.
ETH Gas Fee Drop to Push Altcoin Rally?
However, around this downward trend in gas fees and the potential for an altcoin rally, recent data also reveals a notable increase in Ethereum’s circulating supply. In the last month, 74,458 new ETH were issued, surpassing the 57,516 ETH burned during the same period. While this uptick in supply may seem concerning, it’s essential to note that Ethereum has continued to maintain a deflationary trajectory overall since the Merge, with more ETH burned than issued.
Despite the recent increase in circulating supply, the cumulative amount of burned ETH since the Merge remains significant, indicating continued network activity and demand for Ethereum. This suggests that while there may be short-term fluctuations in supply dynamics, the broader market sentiment towards Ethereum remains positive.
ETH Price Analysis
Ethereum may break through from a technical chart pattern at $3,300. The market is optimistic for ETH due to the recent whale activity like James Fickel buying ETH, which shows bullishness.
Ethereum gas fees have dropped to a six-month low, a sign of the altcoin boom. Market participants and experts are both interested in the recent drop in Ethereum transaction fees, which happened at the same time as Ether’s price surged by 4.3%. Santiment says that the fact that the average transaction cost for gas dropped to just $1.12 on April 27 has big effects on the cryptocurrency market as a whole, especially for altcoins.
Reasons for the Fee Drop?
One big reason is less traffic on the network. Fees usually go down when there are fewer transactions. The latest upgrade at Dencun has also helped make things run more smoothly.
Historically, such declines in gas fees have often preceded periods of heightened activity and price appreciation in altcoins. Santiment’s analysis suggests such drops happen around market bottoms, indicating a potential reversal in sentiment and the beginning of an altcoin rally. This observation is supported by Ethereum’s sustained deflationary trend post-Merge, where more ETH has been burned than issued over the past five months, adding to a reduction in overall supply.
ETH Gas Fee Drop to Push Altcoin Rally?
However, around this downward trend in gas fees and the potential for an altcoin rally, recent data also reveals a notable increase in Ethereum’s circulating supply. In the last month, 74,458 new ETH were issued, surpassing the 57,516 ETH burned during the same period. While this uptick in supply may seem concerning, it’s essential to note that Ethereum has continued to maintain a deflationary trajectory overall since the Merge, with more ETH burned than issued.
Despite the recent increase in circulating supply, the cumulative amount of burned ETH since the Merge remains significant, indicating continued network activity and demand for Ethereum. This suggests that while there may be short-term fluctuations in supply dynamics, the broader market sentiment towards Ethereum remains positive.
ETH Price Analysis
Ethereum may break through from a technical chart pattern at $3,300. The market is optimistic for ETH due to the recent whale activity like James Fickel buying ETH, which shows bullishness.
SlowMist Flags WordPress Plugin Vulnerabilities for Crypto Theft
The post SlowMist Flags WordPress Plugin Vulnerabilities for Crypto Theft appeared first on Coinpedia Fintech News
SlowMist, an established chain safety provider, has recently warned of a new round of virtual assaults on trustworthy sites via the abuse of security flaws in WordPress plugins.
As the alert states, these vulnerabilities are being exploited by malicious actors to insert hazardous JavaScript code into breached websites which later initiates what is famously known as watering hole attacks.
In this highly technical scheme, users who are not careful enough while visiting these sites are likely to encounter malicious pop-ups, which are risky tools to take advantage of. Pop-ups like these are designed to deceive users into executing harmful code and authorizing Web3 wallet signatures aimed at ultimately resulting in the theft of crypto-assets.
How can users stay protected?
1. Plugin Vigilance
Website administrators are advised to carry out extensive vulnerability assessments of their WordPress plugins. It is necessary to carry out a vulnerability assessment promptly and then apply the latest updates and security patches. Updating the plugins of websites allows website owners to decrease the probability of being hacked by cybercriminals many times over.
2. User Caution
Users must be vigilant while web browsing, especially those sites carrying out Web3 activities. It is paramount that we delve deeper into the material content and signatures during virtual dialogues. People should stay away from downloading or doing business with unknown programs. They must carefully check whether the Web3 signatures belong to them or not to prevent unauthorized transactions and asset stealing.
Through being mindful, using the latest available versions of various tools and safe surfing practices, owners of websites and users can give the community a safer internet environment.
As cyber attackers enhance their skill level, awareness and compliance to the best practices remain the keys to preventing distinct cyberattacks, as well as protecting data and digital assets from unauthorized access. Be always aware, always be cautious and try to empower the security of all your online activities.
Did you know: An Official Unit of Investigation for Crypto to Be Installed in South Korea Amid Crime Surge
SlowMist, an established chain safety provider, has recently warned of a new round of virtual assaults on trustworthy sites via the abuse of security flaws in WordPress plugins.
As the alert states, these vulnerabilities are being exploited by malicious actors to insert hazardous JavaScript code into breached websites which later initiates what is famously known as watering hole attacks.
In this highly technical scheme, users who are not careful enough while visiting these sites are likely to encounter malicious pop-ups, which are risky tools to take advantage of. Pop-ups like these are designed to deceive users into executing harmful code and authorizing Web3 wallet signatures aimed at ultimately resulting in the theft of crypto-assets.
How can users stay protected?
1. Plugin Vigilance
Website administrators are advised to carry out extensive vulnerability assessments of their WordPress plugins. It is necessary to carry out a vulnerability assessment promptly and then apply the latest updates and security patches. Updating the plugins of websites allows website owners to decrease the probability of being hacked by cybercriminals many times over.
2. User Caution
Users must be vigilant while web browsing, especially those sites carrying out Web3 activities. It is paramount that we delve deeper into the material content and signatures during virtual dialogues. People should stay away from downloading or doing business with unknown programs. They must carefully check whether the Web3 signatures belong to them or not to prevent unauthorized transactions and asset stealing.
Through being mindful, using the latest available versions of various tools and safe surfing practices, owners of websites and users can give the community a safer internet environment.
As cyber attackers enhance their skill level, awareness and compliance to the best practices remain the keys to preventing distinct cyberattacks, as well as protecting data and digital assets from unauthorized access. Be always aware, always be cautious and try to empower the security of all your online activities.
Did you know: An Official Unit of Investigation for Crypto to Be Installed in South Korea Amid Crime Surge
Crypto Trader Forecasts Upcoming Altcoin Season As Bitcoin Eyes $74k Breakout
The post Crypto Trader Forecasts Upcoming Altcoin Season as Bitcoin Eyes $74k Breakout appeared first on Coinpedia Fintech News
Market Omega, a prominent figure in the crypto trading community, has sparked the excitement for an upcoming altcoin season coinciding with Bitcoin’s potential surge beyond the $74,000 barrier. Meanwhile, Bitcoin is currently trading at $62,010, facing significant resistance as it strives to break through key barriers.
Altcoin Season Coming Soon…
According to Market Omega’s tweet, the upcoming altcoin season could witness rapid price increases for altcoins, with initial gains of up to 100% shortly after Bitcoin surpasses $74,000.
The trader predicts further gains of 50% in the subsequent days, potentially leading to exponential growth where altcoin investments could multiply by 100x within two weeks.
Drawing from past market cycles in 2017 and 2021, Market Omega highlights the resilience of altcoins during periods of market uncertainty. Despite initial skepticism and fear, previous altcoin seasons have been characterized by overwhelming euphoria and momentum, driving even lesser-known coins to significant gains.
Top Altcoin Picks
In preparation for the anticipated altcoin season, Market Omega highlights several altcoins\, including DIONE, LAND, ETH, INJ, KAS, BTC, RIO, PEPE, and references to “Real World Asset (RWA)” and Layer 1 projects. The trader’s endorsement of these assets underscores growing optimism within the crypto community.
Similar Trend Emerging in 2024
However, another prominent crypto analyst Moustache who’s closely monitoring the altcoin market has hinted at a trend similar to previous altcoin seasons.
Meanwhile, in 2020, a significant moment occurred when Altcoins broke out of the Gaussian Channel and retested it, heralding a period of increasing activity and price surges.
https://twitter.com/el_crypto_prof/status/1783382795907191262
Now, Moustache’s analysis suggests a similar trend emerging in the current market. The Gaussian Channel in the altcoin market cap chart is showing signs of nearing a breakout point, hinting at the potential for a renewed surge in altcoin prices.
Moustache’s insights also highlight key buy signals from indicators like the Super Trend and the EMA 10, which remained strong throughout previous altcoin rallies. While altcoin rallies can offer significant returns, investors need to be aware of the associated risks.
Market Omega, a prominent figure in the crypto trading community, has sparked the excitement for an upcoming altcoin season coinciding with Bitcoin’s potential surge beyond the $74,000 barrier. Meanwhile, Bitcoin is currently trading at $62,010, facing significant resistance as it strives to break through key barriers.
Altcoin Season Coming Soon…
According to Market Omega’s tweet, the upcoming altcoin season could witness rapid price increases for altcoins, with initial gains of up to 100% shortly after Bitcoin surpasses $74,000.
The trader predicts further gains of 50% in the subsequent days, potentially leading to exponential growth where altcoin investments could multiply by 100x within two weeks.
Drawing from past market cycles in 2017 and 2021, Market Omega highlights the resilience of altcoins during periods of market uncertainty. Despite initial skepticism and fear, previous altcoin seasons have been characterized by overwhelming euphoria and momentum, driving even lesser-known coins to significant gains.
Top Altcoin Picks
In preparation for the anticipated altcoin season, Market Omega highlights several altcoins\, including DIONE, LAND, ETH, INJ, KAS, BTC, RIO, PEPE, and references to “Real World Asset (RWA)” and Layer 1 projects. The trader’s endorsement of these assets underscores growing optimism within the crypto community.
Similar Trend Emerging in 2024
However, another prominent crypto analyst Moustache who’s closely monitoring the altcoin market has hinted at a trend similar to previous altcoin seasons.
Meanwhile, in 2020, a significant moment occurred when Altcoins broke out of the Gaussian Channel and retested it, heralding a period of increasing activity and price surges.
https://twitter.com/el_crypto_prof/status/1783382795907191262
Now, Moustache’s analysis suggests a similar trend emerging in the current market. The Gaussian Channel in the altcoin market cap chart is showing signs of nearing a breakout point, hinting at the potential for a renewed surge in altcoin prices.
Moustache’s insights also highlight key buy signals from indicators like the Super Trend and the EMA 10, which remained strong throughout previous altcoin rallies. While altcoin rallies can offer significant returns, investors need to be aware of the associated risks.
Has Bitcoin Price Reached Cycle Top? Here’s What Crypto Expert Peter Brandt Has to Say
The post Has Bitcoin Price Reached Cycle Top? Here’s What Crypto Expert Peter Brandt Has to Say appeared first on Coinpedia Fintech News
Bitcoin’s (BTC) price closed on a bearish note last week, which could entail the first non-performing month since August 2023. The flagship coin slipped 3 percent in the past 24 hours to trade around $62,227 on Monday during the early London session. With less than 48 hours to the end of April, which included the fourth Bitcoin halving, all indicators point to choppy days ahead.
Moreover, more crypto traders have opted to watch from the sidelines ahead of the May 1, 2024, FOMC statement and the release of the federal funds rate.
Peter Brandt on Cycle Top for Bitcoin
Legendary trader Peter Brandt has expressed that there is a 25 percent chance that the recent $74k Bitcoin price was its cycle top. Brandt argued that Bitcoin’s price has been maturing through an exponential decay, akin to diminishing returns.
As a result, Brandt highlighted that Bitcoin price is en route to a fresh bear season that will see the instrument drop towards $30k.
Contrary Opinions
Brandt, however, indicated that he stands with his former prediction of Bitcoin price rallying above $100k in this bull cycle. Notably, a similar prediction was issued by Giovanni Santostasi, a veteran Bitcoin investor with a Ph.D in Astrophysics.
According to Giovanni in a recent medium post, Bitcoin price will reach as high as $210,000 based on several scientific models. Additionally, the analyst added that if Bitcoin reaches $210k this cycle, the instrument will drop as low as $83,000 in the next major bear market.
Bitcoin’s (BTC) price closed on a bearish note last week, which could entail the first non-performing month since August 2023. The flagship coin slipped 3 percent in the past 24 hours to trade around $62,227 on Monday during the early London session. With less than 48 hours to the end of April, which included the fourth Bitcoin halving, all indicators point to choppy days ahead.
Moreover, more crypto traders have opted to watch from the sidelines ahead of the May 1, 2024, FOMC statement and the release of the federal funds rate.
Peter Brandt on Cycle Top for Bitcoin
Legendary trader Peter Brandt has expressed that there is a 25 percent chance that the recent $74k Bitcoin price was its cycle top. Brandt argued that Bitcoin’s price has been maturing through an exponential decay, akin to diminishing returns.
As a result, Brandt highlighted that Bitcoin price is en route to a fresh bear season that will see the instrument drop towards $30k.
Contrary Opinions
Brandt, however, indicated that he stands with his former prediction of Bitcoin price rallying above $100k in this bull cycle. Notably, a similar prediction was issued by Giovanni Santostasi, a veteran Bitcoin investor with a Ph.D in Astrophysics.
According to Giovanni in a recent medium post, Bitcoin price will reach as high as $210,000 based on several scientific models. Additionally, the analyst added that if Bitcoin reaches $210k this cycle, the instrument will drop as low as $83,000 in the next major bear market.
FED’s Upcoming Interest Rate Decision: What’s in Store for Crypto Market on May 1st
The post FED’s Upcoming Interest Rate Decision: What’s In Store For Crypto Market on May 1st appeared first on Coinpedia Fintech News
Today, the crypto market has experienced declines as Bitcoin dipped below $63,000, and Ethereum has struggled to maintain its position above $3,200. Other major altcoins like Solana, XRP, and Cardano also faced losses. This diversity in performance highlights the varied nature of the crypto market, where different digital assets react differently to market conditions.
Altcoins in the Sell or Buy zone?
The Federal Reserve’s impending interest rate decision scheduled for May 1 is a key factor influencing the market sentiment. Analysts widely anticipate that the Fed will maintain interest rates at their current levels, with a probability of 95.6%. Moreover, pressure comes with weaker-than-expected GDP data, indicating a potential economic slowdown. Persistent inflation continues, as signaled by higher Core PCE figures. This poses challenges for the Federal Reserve to manage higher inflation rates.
This double whammy of sluggish growth and surging inflation paints a troubling picture—a classic sign of stagflation, where an economy faces stagnant growth alongside rising prices.
Current Market Outlook
Many experts claim that the US economy is at stagflation which presents a unique challenge for the Federal Reserve (FED). Traditionally, during economic slowdowns, the FED cuts rates to spur growth. On the flip side, when inflation rises, it raises rates to keep prices in check.
However, policymakers find themselves in uncharted territory in the stormy waters of stagflation, where both conditions collide. Initial forecasts of multiple interest rate cuts have been revised, with expectations now leaning towards only one rate cut in 2024.
Bitcoin’s fluctuations remain stagnant, suggesting a shift in market sentiment. Bitcoin’s prices is also stable, dropping from 70% to 50%. This reduction in volatility suggests a potential stabilization in prices or a period of consolidation following recent fluctuations. Meanwhile, Ethereum’s risk reversals indicate concerns about possible delays in the SEC’s approval of spot Ether ETFs, contributing to downward pressure on its price.
Plus, Ethereum’s risk reversals indicate dark clouds looming over the SEC’s approval of the spot Ether ETF. These uncertainties raise doubts about the market’s trajectory, prompting investors to look for potential catalysts.
One such catalyst could be the launch of Bitcoin and Ethereum spot ETFs in Hong Kong, which is anticipated to attract institutional capital from Asia into the crypto market. This event is eagerly awaited as a key driver for market growth and could bring new cash flow.
However, EGRAG CRYPTO suggests reconsidering a bearish outlook on Altcoins, pointing out a historical pattern indicating sideways consolidation after a range retest breakout. They anticipate two significant upward movements ahead and advise holding tight while considering dollar-cost averaging sells.
Today, the crypto market has experienced declines as Bitcoin dipped below $63,000, and Ethereum has struggled to maintain its position above $3,200. Other major altcoins like Solana, XRP, and Cardano also faced losses. This diversity in performance highlights the varied nature of the crypto market, where different digital assets react differently to market conditions.
Altcoins in the Sell or Buy zone?
The Federal Reserve’s impending interest rate decision scheduled for May 1 is a key factor influencing the market sentiment. Analysts widely anticipate that the Fed will maintain interest rates at their current levels, with a probability of 95.6%. Moreover, pressure comes with weaker-than-expected GDP data, indicating a potential economic slowdown. Persistent inflation continues, as signaled by higher Core PCE figures. This poses challenges for the Federal Reserve to manage higher inflation rates.
This double whammy of sluggish growth and surging inflation paints a troubling picture—a classic sign of stagflation, where an economy faces stagnant growth alongside rising prices.
Current Market Outlook
Many experts claim that the US economy is at stagflation which presents a unique challenge for the Federal Reserve (FED). Traditionally, during economic slowdowns, the FED cuts rates to spur growth. On the flip side, when inflation rises, it raises rates to keep prices in check.
However, policymakers find themselves in uncharted territory in the stormy waters of stagflation, where both conditions collide. Initial forecasts of multiple interest rate cuts have been revised, with expectations now leaning towards only one rate cut in 2024.
Bitcoin’s fluctuations remain stagnant, suggesting a shift in market sentiment. Bitcoin’s prices is also stable, dropping from 70% to 50%. This reduction in volatility suggests a potential stabilization in prices or a period of consolidation following recent fluctuations. Meanwhile, Ethereum’s risk reversals indicate concerns about possible delays in the SEC’s approval of spot Ether ETFs, contributing to downward pressure on its price.
Plus, Ethereum’s risk reversals indicate dark clouds looming over the SEC’s approval of the spot Ether ETF. These uncertainties raise doubts about the market’s trajectory, prompting investors to look for potential catalysts.
One such catalyst could be the launch of Bitcoin and Ethereum spot ETFs in Hong Kong, which is anticipated to attract institutional capital from Asia into the crypto market. This event is eagerly awaited as a key driver for market growth and could bring new cash flow.
However, EGRAG CRYPTO suggests reconsidering a bearish outlook on Altcoins, pointing out a historical pattern indicating sideways consolidation after a range retest breakout. They anticipate two significant upward movements ahead and advise holding tight while considering dollar-cost averaging sells.
BCH Price Projections: $600 Target or Bearish Retreat to $400 in May?
The post BCH Price Projections: $600 Target Or Bearish Retreat To $400 In May? appeared first on Coinpedia Fintech News
Bitcoin Cash continues to display a neutral price sentiment post-market correction, indicating weak buying and selling pressure for the altcoin in the cryptocurrency industry. Moreover, the BCH token shows a bearish trend despite the Bitcoin-Halving, highlighting a rising disinterest of investors in it.
The BCH coin price has a YTD of approximately 76%, however, it has recorded a loss of 11.06% within the past seven days and 21.59% over the past 30 days, suggesting a negative outlook for the altcoin in the short-term perspective.
BCH Price Hints At A Bearish Price Action:
The Bitcoin Cash price displayed a neutral trend by trading in a closed range between $212.5 and $292 for the first two months. As the volatility grew, the BCH token jumped 177.26% within the next 30 days and successfully recorded a new yearly high of $719.5 on 06th April.
TradingView: BCH/USDT
However, the bulls failed to hold the value at that level, resulting in a price correction of 34.12%. Since then, the BCH token constantly traded between $447 and $529, indicating a weak price action for the altcoin in the crypto industry.
Moreover, the EMA 50-day acts as a resistance to the price chart in the 1D time frame, highlighting a strong bearish influence.
The Relative Strength Index (RSI) displays a constant decline in the chart, highlighting increased selling-over-buying pressure in the crypto market. Moreover, the averages show a negative price sentiment, suggesting the price may continue losing value this week.
Will Bitcoin Cash Price Rise Again?
If the market experiences a bullish reversal, the BCH price will regain momentum and test its resistance level of $529 this week. Furthermore, if the bulls hold the price at that level, it will set the stage for the Bitcoin Cash token to attempt to test its upper resistance level of $600 in the coming time.
However, if the bears continue to dominate the market, the BCH token will plunge to test its crucial support level of $447. Moreover, if the market continues to trade under a bearish sentiment, the altcoin will drop to test its low of $357.5 this month.
Bitcoin Cash continues to display a neutral price sentiment post-market correction, indicating weak buying and selling pressure for the altcoin in the cryptocurrency industry. Moreover, the BCH token shows a bearish trend despite the Bitcoin-Halving, highlighting a rising disinterest of investors in it.
The BCH coin price has a YTD of approximately 76%, however, it has recorded a loss of 11.06% within the past seven days and 21.59% over the past 30 days, suggesting a negative outlook for the altcoin in the short-term perspective.
BCH Price Hints At A Bearish Price Action:
The Bitcoin Cash price displayed a neutral trend by trading in a closed range between $212.5 and $292 for the first two months. As the volatility grew, the BCH token jumped 177.26% within the next 30 days and successfully recorded a new yearly high of $719.5 on 06th April.
TradingView: BCH/USDT
However, the bulls failed to hold the value at that level, resulting in a price correction of 34.12%. Since then, the BCH token constantly traded between $447 and $529, indicating a weak price action for the altcoin in the crypto industry.
Moreover, the EMA 50-day acts as a resistance to the price chart in the 1D time frame, highlighting a strong bearish influence.
The Relative Strength Index (RSI) displays a constant decline in the chart, highlighting increased selling-over-buying pressure in the crypto market. Moreover, the averages show a negative price sentiment, suggesting the price may continue losing value this week.
Will Bitcoin Cash Price Rise Again?
If the market experiences a bullish reversal, the BCH price will regain momentum and test its resistance level of $529 this week. Furthermore, if the bulls hold the price at that level, it will set the stage for the Bitcoin Cash token to attempt to test its upper resistance level of $600 in the coming time.
However, if the bears continue to dominate the market, the BCH token will plunge to test its crucial support level of $447. Moreover, if the market continues to trade under a bearish sentiment, the altcoin will drop to test its low of $357.5 this month.
Official Unit of Investigation for Crypto to Be Installed in South Korea Amid Crypto Crime Surge
The post Official Unit of Investigation for crypto to be installed in South Korea amid crypto crime surge appeared first on Coinpedia Fintech News
In response to the levelling up of cryptocurrency-related crimes in South Korea, the country is reportedly getting serious about it and is planning to elevate of the temporary crypto-crime investigative unit to a permanent department aiming to address the growing concerns, according to local publications.
Country witnesses concerning trends in crypto crimes
Last year crypto companies in South Korea reported over 16,000 cases of suspected illegal activities with a 40-fold increase. Crypto security matters have become urgent after reports showed a fast growth of illegal crypto-related activities linked to local crypto companies. What is alarming is that from the 17,764 reported suspicious transactions in the year 2023, it was observed a 49% spike from the previous year.
The FSC noted the significant increase in virtual asset-related crime cases during the year under review, reporting it to be about 90% higher. The amount of havoc wrought by virtual asset-related crimes over the past five years was crystalized at more than 5.3 trillion won.
The above statistics are of great worry to South Korea and therefore it is increasing its efforts to curb crypto-crimes. The South Korean government’s Justice Ministry and the Ministry of the Interior and Safety are expected to begin discussions in early May to establish the Joint Virtual Asset Crime Investigation Unit as an official unit.
This planned upgrading program will improve the unit’s status providing it with a permanent mandate of continuous functioning. Now operating body of the District Prosecutor of Seoul on an emergency basis, the unit might get dissolved. It is expected to become the more efficient one because of the possibility of appointing more prosecutors and through budget allocation.
Also Check Out : North Korea’s Lazarus Group Targets Crypto Firms in New LinkedIn Scam
Launched in July 2023, the Joint Virtual Asset Crime Investigation Bureau, conformed of over 30 professionals. They work for seven financial and tax regulatory entities. It holds the first place in investigating the criminal side of digital assets in South Korea.
More importantly, July 19 marks the effective date of the first public law in South Korea which was intended to be a comprehensive crypto regulation to protect investor’s interests and to eliminate illegal activities in the crypto market.
The new regulation is said to provide harsh punishments to be used to fight back against market manipulation like life sentences in some cases.
As South Korea enhances its legislative system and the authorities’ capacity to fight crypto crime, right off the bat is the message that criminals will not be tolerated and full measures are in place to maintain the safety of the digital asset ecosystem.
Read Also : Solana Meme Coin Projects Abandoned After Raising $26.7 Million: ZachXBT Says It’s Over
In response to the levelling up of cryptocurrency-related crimes in South Korea, the country is reportedly getting serious about it and is planning to elevate of the temporary crypto-crime investigative unit to a permanent department aiming to address the growing concerns, according to local publications.
Country witnesses concerning trends in crypto crimes
Last year crypto companies in South Korea reported over 16,000 cases of suspected illegal activities with a 40-fold increase. Crypto security matters have become urgent after reports showed a fast growth of illegal crypto-related activities linked to local crypto companies. What is alarming is that from the 17,764 reported suspicious transactions in the year 2023, it was observed a 49% spike from the previous year.
The FSC noted the significant increase in virtual asset-related crime cases during the year under review, reporting it to be about 90% higher. The amount of havoc wrought by virtual asset-related crimes over the past five years was crystalized at more than 5.3 trillion won.
The above statistics are of great worry to South Korea and therefore it is increasing its efforts to curb crypto-crimes. The South Korean government’s Justice Ministry and the Ministry of the Interior and Safety are expected to begin discussions in early May to establish the Joint Virtual Asset Crime Investigation Unit as an official unit.
This planned upgrading program will improve the unit’s status providing it with a permanent mandate of continuous functioning. Now operating body of the District Prosecutor of Seoul on an emergency basis, the unit might get dissolved. It is expected to become the more efficient one because of the possibility of appointing more prosecutors and through budget allocation.
Also Check Out : North Korea’s Lazarus Group Targets Crypto Firms in New LinkedIn Scam
Launched in July 2023, the Joint Virtual Asset Crime Investigation Bureau, conformed of over 30 professionals. They work for seven financial and tax regulatory entities. It holds the first place in investigating the criminal side of digital assets in South Korea.
More importantly, July 19 marks the effective date of the first public law in South Korea which was intended to be a comprehensive crypto regulation to protect investor’s interests and to eliminate illegal activities in the crypto market.
The new regulation is said to provide harsh punishments to be used to fight back against market manipulation like life sentences in some cases.
As South Korea enhances its legislative system and the authorities’ capacity to fight crypto crime, right off the bat is the message that criminals will not be tolerated and full measures are in place to maintain the safety of the digital asset ecosystem.
Read Also : Solana Meme Coin Projects Abandoned After Raising $26.7 Million: ZachXBT Says It’s Over
After the US, Now Bitcoin ETFs Are Coming to Australia By End of 2024
The post After the US, Now Bitcoin ETFs are Coming to Australia by End of 2024 appeared first on Coinpedia Fintech News
Australia is gearing up for a series of Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the US and Hong Kong. Issuers such as Van Eck Associates and BetaShares Holdings are preparing for listings, while Australia’s stock exchange (ASX) is expected to list its first approved batch of spot Bitcoin ETFs by the end of 2024.
Australia Prepares For Bitcoin ETFs
Sources familiar with the matter anticipate that the Australian Stock Exchange (ASX), handling around 45% of the country’s equity trading, will approve the first spot Bitcoin ETFs for the main board before the conclusion of 2024.
𝗝𝗨𝗦𝗧 𝗜𝗡: Bitcoin ETFs are coming to Australia. Australian Securities Exchange (ASX) is expected to approve the first spot Bitcoin ETFs before the end of 2024.The world is on a Bitcoin adoption spree, yet people are hesitant to buy $BTC at current prices.
— Lark Davis (@TheCryptoLark) April 29, 2024
This move is poised to introduce a significant evolution in Australia’s investment as ASX had a domestic market capitalization of $2.7 trillion.
Meanwhile, the planned launch of Bitcoin ETFs in Australia follows the successful introduction of similar products in the US earlier this year, which have collectively amassed $53.16 billion in assets. However, this success has encouraged issuers to expand offerings globally, with Hong Kong also set to introduce spot Bitcoin and Ether ETFs by April 30, following initial approval in mid-April.
Issuers and Applications
BetaShares, based in Sydney, is actively working towards launching a Bitcoin ETF on the ASX, while DigitalX has also applied for approval. VanEck, a renowned issuer offering similar ETFs in the US and Europe, resubmitted an application in February, highlighting the strategic importance of the Australian market for expanding cryptocurrency investment opportunities.
As per the reports Bitcoin ETF issuers are eyeing Australia’s massive $2.3 trillion pension market, aiming to attract inflows from retirement assets held in self-managed superannuation programs.
Approximately a quarter of the country’s retirement assets are managed through these programs, presenting a significant opportunity for cryptocurrency investment products.
Previous Experience
This is not the first time that spot Bitcoin ETFs are coming to Australia. In 2022, Sydney-based Cosmos Asset Management introduced a spot Bitcoin ETF in Australia.
However, the ETF struggled to attract significant investor interest and was later delisted. In contrast, another Bitcoin and Ethereum ETF launched the same year by Global X 21Shares has been more successful, managing over $62 million in assets.
As Australia prepares for the arrival of Bitcoin ETFs by the end of 2024, investors and industry stakeholders are poised for further advancements in the adoption of cryptocurrencies within traditional investment portfolios.
Australia is gearing up for a series of Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the US and Hong Kong. Issuers such as Van Eck Associates and BetaShares Holdings are preparing for listings, while Australia’s stock exchange (ASX) is expected to list its first approved batch of spot Bitcoin ETFs by the end of 2024.
Australia Prepares For Bitcoin ETFs
Sources familiar with the matter anticipate that the Australian Stock Exchange (ASX), handling around 45% of the country’s equity trading, will approve the first spot Bitcoin ETFs for the main board before the conclusion of 2024.
𝗝𝗨𝗦𝗧 𝗜𝗡: Bitcoin ETFs are coming to Australia. Australian Securities Exchange (ASX) is expected to approve the first spot Bitcoin ETFs before the end of 2024.The world is on a Bitcoin adoption spree, yet people are hesitant to buy $BTC at current prices.
— Lark Davis (@TheCryptoLark) April 29, 2024
This move is poised to introduce a significant evolution in Australia’s investment as ASX had a domestic market capitalization of $2.7 trillion.
Meanwhile, the planned launch of Bitcoin ETFs in Australia follows the successful introduction of similar products in the US earlier this year, which have collectively amassed $53.16 billion in assets. However, this success has encouraged issuers to expand offerings globally, with Hong Kong also set to introduce spot Bitcoin and Ether ETFs by April 30, following initial approval in mid-April.
Issuers and Applications
BetaShares, based in Sydney, is actively working towards launching a Bitcoin ETF on the ASX, while DigitalX has also applied for approval. VanEck, a renowned issuer offering similar ETFs in the US and Europe, resubmitted an application in February, highlighting the strategic importance of the Australian market for expanding cryptocurrency investment opportunities.
As per the reports Bitcoin ETF issuers are eyeing Australia’s massive $2.3 trillion pension market, aiming to attract inflows from retirement assets held in self-managed superannuation programs.
Approximately a quarter of the country’s retirement assets are managed through these programs, presenting a significant opportunity for cryptocurrency investment products.
Previous Experience
This is not the first time that spot Bitcoin ETFs are coming to Australia. In 2022, Sydney-based Cosmos Asset Management introduced a spot Bitcoin ETF in Australia.
However, the ETF struggled to attract significant investor interest and was later delisted. In contrast, another Bitcoin and Ethereum ETF launched the same year by Global X 21Shares has been more successful, managing over $62 million in assets.
As Australia prepares for the arrival of Bitcoin ETFs by the end of 2024, investors and industry stakeholders are poised for further advancements in the adoption of cryptocurrencies within traditional investment portfolios.
Klaytn (KLAY) Price Prediction 2024, 2025, 2026-2030: Will KLAY Price Skyrocket to $1?
The post Klaytn (KLAY) Price Prediction 2024, 2025, 2026-2030: Will KLAY Price Skyrocket To $1? appeared first on Coinpedia Fintech News
With the year 2024 becoming a year of strong bullish turnaround for the crypto industry, coins like Klaytn are writing a turnaround story. With the growing bullish dominance and the rising trading volume, the KLAY price action sirens trend reversal.
Further, the rising inflows in the Bitcoin Spot ETFs, alternative virtual currencies create a secondary market with more volatile and sharp upmoves. Within such a market, we bring to you our Klaytn Price Prediction for the coming years, to find out if it will surpass the $1 mark.
Table of contents
Klaytn (KLAY) Price Prediction
Klaytn Crypto Price Prediction For 2024
Klaytn (KLAY) Price Prediction For 2025
CoinPedia’s KLAY Price Prediction
Market Analysis
What Is Klaytn (KLAY)?
Fundamental Analysis
Historic Market Sentiments
2020
2021
Comparison
FAQs
Market Top Gainer
Helium
$ 5.141227
12.663%
Lido DAO
$ 2.190747
4.545%
Kaspa
$ 0.114556
3.770%
XDC Network
$ 0.053294
2.236%
Arweave
$ 36.031965
2.184%
Sei
$ 0.626498
2.100%
Overview
Cryptocurrency Klaytn Token KLAY Price $ 0.18753709 -3.39% Market cap $ 680,135,483.2091 Circulating Supply 3,626,671,749.7773 Trading Volume $ 11,231,769.1316 All-time high - All-time low - 24 High $ 0.1966 24 Low $ 0.1864
Klaytn (KLAY) Price Prediction
Year Potential Low Average Price Potential High 2024 $0.2855 $0.813 $1.42 2025 $0.4591 $2.37 $4.24
Klaytn Crypto Price Prediction For 2024
If the network joins hands with bigger brands, witnesses an uptick in adoptions. Or boasts its hold on thriving games and entertainment applications. The price could portray an ascend to $1.42. Conversely, if the network fails to adhere to its stance and witnesses a fall in volumes. The altcoin could go on a discounted price tag of $0.2855. Collectively, factoring in the bullish and bearish targets, the average price could land at $0.813.
Klaytn (KLAY) Price Prediction For 2025
If the star’s incline in favor of the protocol. And if it sprawls ahead with its stout fundamentals and presence in gaming and Web 3.0. Furthermore, if the altcoin witnesses a supercycle, over the course of time. The price of KLAY could escalate to its potential high of $4.24, by the next three years.
In contrast, emerging rivals and stiffer competition could open the doors to its potential low of $0.4591. Successively, the regular price could settle at $2.37.
KLAY Price Prediction 2026-2030
Year Potential Low Average Price Potential High 2026 $0.5509 $2.9625 $5.512 2027 $0.6427 $3.555 $6.784 2028 $0.7346 $4.1475 $8.056 2029 $0.8264 $4.74 $9.328 2030 $0.9182 $5.3325 $10.6
KLAY Price Prediction 2026: KLAY’s potential price ranges from $0.5509 to $5.512, with an average price expected around $2.9625.
KLAY Price Prediction 2027: Anticipated prices for KLAY are expected to vary between $0.6427 and $6.784, with an average price of approximately $3.555.
KLAY Price Prediction 2028: Forecasts indicate a potential low of $0.7346 and a high of $8.056, with an average price projected at $4.1475.
KLAY Price Prediction 2029: KLAY’s prices are estimated to range from $0.8264 to $9.328, with an average price around $4.74.
KLAY Price Prediction 2030: The potential low for KLAY is forecasted at $0.9182, the potential high at $10.6, with an average price expected to be $5.3325.
CoinPedia’s KLAY Price Prediction
The KLAY seems to be unstoppable with a series of events lined up for launch. The platform is thriving to facilitate a flawless blockchain experience amongst different networks. According to Coinpedia’s formulated Klaytn price prediction. If the network launched upgrades to enhance blockchain solutions, scalability and compatibility. The price may easily surpass the $1.42 mark by 2024.
As a long-term prediction, in the future, the network may face regulatory issues. And uncertain market crashes, and speculations regarding the coin’s pump to dump. Wherefore, the price of KLAY may dip to $0.2855 by 2024.
Market Analysis
Firm Name 2022 2023 2024 2025 priceprediction.net $0.20 $0.29 $0.42 $0.60 Trading Beasts $0.2432 $0.2659 $0.2941 $0.3613 Digital Coin Price $0.16 $0.24 $0.31 $0.39
Click here to read our price prediction of yearn. finance (YFI)!
What Is Klaytn (KLAY)?
Kakao owns a global comprehensive blockchain product klaytn klaytn Blockchain Network . The Klaytn ecosystem is an enterprise-level, service-oriented manifesto. That intends to bestow a user-centric blockchain experience to millions of users across the globe.
It brews the superior features of both private blockchains and public blockchains through an effective hybrid design. Private blockchains facilitate low latency and high scalability. Whereas public blockchains intend to offer diversified governance, and decentralized data and control.
The Klaytn platform has its own native token called KLAY. The traders can make use of the token as a means of exchange. And payment for applications that are bridged to the Klaytn network. Moreover, the platform is associated with the contribution of several reputed tech firms across the globe.
klaytn
Blockchain Network
The Klaytn ecosystem is an enterprise-level, service-oriented manifesto. It intends to bestow a user-centric blockchain experience to millions of users across the globe. The Klaytn blockchain focuses on the metaverse, creator economy, and gamefi. Klaytn was launched back in June 2019 by Jaesun Han, CEO, and founder of GroundX, which is a subsidiary of Kakao. The Klaytn network brews the superior features of both private blockchains and public blockchains through an effective hybrid design. It has its own native token called KLAY, which the traders can make use of as a means of exchange. and payment for applications that are bridged to the Klaytn network. The protocol employs the IBFT consensus mechanism, which ensures that the data is correct and irreversible. Klaytn offers a one-stop package for the metaverse which comprises of customized L2 solutions, IPFS solutions, wallets, NFTs, SDKs, and smart contract libraries, amongst others. Moreover, the platform is associated with the contributions of several reputed tech firms across the globe. Some of the prominent names include Binance, LG electronics, SK Network, Everich, Union Bank, etc.
Fundamental Analysis
GroundX was the company behind the Klaytn. Whilst Klaytn was launched back in June 2019 by Jaesun Han, CEO, and founder of GroundX. The founder has been honoured with a PhD in computer science and electrical engineering from the Korea Advanced Institute of Science and Technology. During the initial days of his career, he served as a postdoctoral researcher for KIAST.
Where he got an opportunity to perform extensive research into distributed computing. Whilst back in 2017 he kickstarted his career as an entrepreneur by launching the first big data and cloud computing tech start-up called NexR. In 2008, Jaesun Han served as a chairman of the board of the Consortium of Cloud Computing Research. In 2011, the founder occupied the position of CTO of KT Cloudware.
Conversely, the platform’s team has collaborated with several tech firms including binance binance binance@miceneurol.com Centralised Exchange , LG electronics, SK network, Everich, Union bank, and more. In 2019, the platform had enabled development across BApp listing, Data Analytics Tool, and Rich tutorials and docs. Further in 2020, the ecosystem focused on the development of data-driven upgrades to enhance scalability and compatibility.
Historic Market Sentiments
2020
KLAY price had shown swift volatility with significant gains. Howbeit, the altcoin had resumed a bull run in July 2020 rising by more than 500% from $0.18 to $0.72.
Further, the project hovered around the same zone for the rest of the year.
2021
Klaytn’s price had managed to rise by more than 500% in the supercycle.
With certain fluctuations, the KLAY price claimed an ATH of $4.38 on 30th March.
The Chinese market FUD plummeted the price action to initial levels of $0.945.
Being under bearish reign, KLAY’s price slipped down to $1.289 by the end of the year’s end.
Comparison
Klaytn The Sandbox ROI: 62.36%. ROI: 10021.82% KLAY Price Is Down 88.72% Since January 1st. SAND Price Is Down 85.58% Since January 1st. YTD Returns: -91.0%. YTD Returns: -3.5%. KLAY Price Is Down -96.59% From ATH. SAND Price Is Down -89.9% From ATH.
To read our price prediction of THORChain (RUNE) click here!
FAQs
Q: Is The Klaytn (KLAY) a good investment?
A: Factoring in the vision of the protocol, KLAY is a profitable investment, when considered for the long term.
Q: How high may Klaytn’s (KLAY) price hit by the end of 2025?
A: The Klaytn (KLAY) holds tremendous potential to reach new ATHs as many updates are lined up for launch. Wherefore, it might hit a maximum of $0.9007.
Q: Where Can I Buy Klaytn’s (KLAY)?
A: Klaytn (KLAY) is available to trade across major crypto exchanges like Binance, Huobi Global, FTX, KuCoin, etc…
Q: What will the maximum trading price of KLAY be by the end of the year 2024?
A: The altcoin could surge as high as $1.42 by the end of 2024.
KLAY
BINANCE
With the year 2024 becoming a year of strong bullish turnaround for the crypto industry, coins like Klaytn are writing a turnaround story. With the growing bullish dominance and the rising trading volume, the KLAY price action sirens trend reversal.
Further, the rising inflows in the Bitcoin Spot ETFs, alternative virtual currencies create a secondary market with more volatile and sharp upmoves. Within such a market, we bring to you our Klaytn Price Prediction for the coming years, to find out if it will surpass the $1 mark.
Table of contents
Klaytn (KLAY) Price Prediction
Klaytn Crypto Price Prediction For 2024
Klaytn (KLAY) Price Prediction For 2025
CoinPedia’s KLAY Price Prediction
Market Analysis
What Is Klaytn (KLAY)?
Fundamental Analysis
Historic Market Sentiments
2020
2021
Comparison
FAQs
Market Top Gainer
Helium
$ 5.141227
12.663%
Lido DAO
$ 2.190747
4.545%
Kaspa
$ 0.114556
3.770%
XDC Network
$ 0.053294
2.236%
Arweave
$ 36.031965
2.184%
Sei
$ 0.626498
2.100%
Overview
Cryptocurrency Klaytn Token KLAY Price $ 0.18753709 -3.39% Market cap $ 680,135,483.2091 Circulating Supply 3,626,671,749.7773 Trading Volume $ 11,231,769.1316 All-time high - All-time low - 24 High $ 0.1966 24 Low $ 0.1864
Klaytn (KLAY) Price Prediction
Year Potential Low Average Price Potential High 2024 $0.2855 $0.813 $1.42 2025 $0.4591 $2.37 $4.24
Klaytn Crypto Price Prediction For 2024
If the network joins hands with bigger brands, witnesses an uptick in adoptions. Or boasts its hold on thriving games and entertainment applications. The price could portray an ascend to $1.42. Conversely, if the network fails to adhere to its stance and witnesses a fall in volumes. The altcoin could go on a discounted price tag of $0.2855. Collectively, factoring in the bullish and bearish targets, the average price could land at $0.813.
Klaytn (KLAY) Price Prediction For 2025
If the star’s incline in favor of the protocol. And if it sprawls ahead with its stout fundamentals and presence in gaming and Web 3.0. Furthermore, if the altcoin witnesses a supercycle, over the course of time. The price of KLAY could escalate to its potential high of $4.24, by the next three years.
In contrast, emerging rivals and stiffer competition could open the doors to its potential low of $0.4591. Successively, the regular price could settle at $2.37.
KLAY Price Prediction 2026-2030
Year Potential Low Average Price Potential High 2026 $0.5509 $2.9625 $5.512 2027 $0.6427 $3.555 $6.784 2028 $0.7346 $4.1475 $8.056 2029 $0.8264 $4.74 $9.328 2030 $0.9182 $5.3325 $10.6
KLAY Price Prediction 2026: KLAY’s potential price ranges from $0.5509 to $5.512, with an average price expected around $2.9625.
KLAY Price Prediction 2027: Anticipated prices for KLAY are expected to vary between $0.6427 and $6.784, with an average price of approximately $3.555.
KLAY Price Prediction 2028: Forecasts indicate a potential low of $0.7346 and a high of $8.056, with an average price projected at $4.1475.
KLAY Price Prediction 2029: KLAY’s prices are estimated to range from $0.8264 to $9.328, with an average price around $4.74.
KLAY Price Prediction 2030: The potential low for KLAY is forecasted at $0.9182, the potential high at $10.6, with an average price expected to be $5.3325.
CoinPedia’s KLAY Price Prediction
The KLAY seems to be unstoppable with a series of events lined up for launch. The platform is thriving to facilitate a flawless blockchain experience amongst different networks. According to Coinpedia’s formulated Klaytn price prediction. If the network launched upgrades to enhance blockchain solutions, scalability and compatibility. The price may easily surpass the $1.42 mark by 2024.
As a long-term prediction, in the future, the network may face regulatory issues. And uncertain market crashes, and speculations regarding the coin’s pump to dump. Wherefore, the price of KLAY may dip to $0.2855 by 2024.
Market Analysis
Firm Name 2022 2023 2024 2025 priceprediction.net $0.20 $0.29 $0.42 $0.60 Trading Beasts $0.2432 $0.2659 $0.2941 $0.3613 Digital Coin Price $0.16 $0.24 $0.31 $0.39
Click here to read our price prediction of yearn. finance (YFI)!
What Is Klaytn (KLAY)?
Kakao owns a global comprehensive blockchain product klaytn klaytn Blockchain Network . The Klaytn ecosystem is an enterprise-level, service-oriented manifesto. That intends to bestow a user-centric blockchain experience to millions of users across the globe.
It brews the superior features of both private blockchains and public blockchains through an effective hybrid design. Private blockchains facilitate low latency and high scalability. Whereas public blockchains intend to offer diversified governance, and decentralized data and control.
The Klaytn platform has its own native token called KLAY. The traders can make use of the token as a means of exchange. And payment for applications that are bridged to the Klaytn network. Moreover, the platform is associated with the contribution of several reputed tech firms across the globe.
klaytn
Blockchain Network
The Klaytn ecosystem is an enterprise-level, service-oriented manifesto. It intends to bestow a user-centric blockchain experience to millions of users across the globe. The Klaytn blockchain focuses on the metaverse, creator economy, and gamefi. Klaytn was launched back in June 2019 by Jaesun Han, CEO, and founder of GroundX, which is a subsidiary of Kakao. The Klaytn network brews the superior features of both private blockchains and public blockchains through an effective hybrid design. It has its own native token called KLAY, which the traders can make use of as a means of exchange. and payment for applications that are bridged to the Klaytn network. The protocol employs the IBFT consensus mechanism, which ensures that the data is correct and irreversible. Klaytn offers a one-stop package for the metaverse which comprises of customized L2 solutions, IPFS solutions, wallets, NFTs, SDKs, and smart contract libraries, amongst others. Moreover, the platform is associated with the contributions of several reputed tech firms across the globe. Some of the prominent names include Binance, LG electronics, SK Network, Everich, Union Bank, etc.
Fundamental Analysis
GroundX was the company behind the Klaytn. Whilst Klaytn was launched back in June 2019 by Jaesun Han, CEO, and founder of GroundX. The founder has been honoured with a PhD in computer science and electrical engineering from the Korea Advanced Institute of Science and Technology. During the initial days of his career, he served as a postdoctoral researcher for KIAST.
Where he got an opportunity to perform extensive research into distributed computing. Whilst back in 2017 he kickstarted his career as an entrepreneur by launching the first big data and cloud computing tech start-up called NexR. In 2008, Jaesun Han served as a chairman of the board of the Consortium of Cloud Computing Research. In 2011, the founder occupied the position of CTO of KT Cloudware.
Conversely, the platform’s team has collaborated with several tech firms including binance binance binance@miceneurol.com Centralised Exchange , LG electronics, SK network, Everich, Union bank, and more. In 2019, the platform had enabled development across BApp listing, Data Analytics Tool, and Rich tutorials and docs. Further in 2020, the ecosystem focused on the development of data-driven upgrades to enhance scalability and compatibility.
Historic Market Sentiments
2020
KLAY price had shown swift volatility with significant gains. Howbeit, the altcoin had resumed a bull run in July 2020 rising by more than 500% from $0.18 to $0.72.
Further, the project hovered around the same zone for the rest of the year.
2021
Klaytn’s price had managed to rise by more than 500% in the supercycle.
With certain fluctuations, the KLAY price claimed an ATH of $4.38 on 30th March.
The Chinese market FUD plummeted the price action to initial levels of $0.945.
Being under bearish reign, KLAY’s price slipped down to $1.289 by the end of the year’s end.
Comparison
Klaytn The Sandbox ROI: 62.36%. ROI: 10021.82% KLAY Price Is Down 88.72% Since January 1st. SAND Price Is Down 85.58% Since January 1st. YTD Returns: -91.0%. YTD Returns: -3.5%. KLAY Price Is Down -96.59% From ATH. SAND Price Is Down -89.9% From ATH.
To read our price prediction of THORChain (RUNE) click here!
FAQs
Q: Is The Klaytn (KLAY) a good investment?
A: Factoring in the vision of the protocol, KLAY is a profitable investment, when considered for the long term.
Q: How high may Klaytn’s (KLAY) price hit by the end of 2025?
A: The Klaytn (KLAY) holds tremendous potential to reach new ATHs as many updates are lined up for launch. Wherefore, it might hit a maximum of $0.9007.
Q: Where Can I Buy Klaytn’s (KLAY)?
A: Klaytn (KLAY) is available to trade across major crypto exchanges like Binance, Huobi Global, FTX, KuCoin, etc…
Q: What will the maximum trading price of KLAY be by the end of the year 2024?
A: The altcoin could surge as high as $1.42 by the end of 2024.
KLAY
BINANCE
Top Airdrops to Watch in May!
The post Top Airdrops to Watch in May! appeared first on Coinpedia Fintech News
With the rising bullish sentiments in the cryptocurrency industry post-Bitcoin-Halving and increased price volatility, the market is predicted to achieve a new all-time high (ATH) during the upcoming months.
On the other hand, the hype for airdrops has witnessed a significant surge, indicating a rising interest of investors in it to maximize their profits. In this article, we have covered the top 3 airdrops scheduled for May that have a high potential to yield high profits in the short term.
ICP: Galactic Airdrop
ICP is a unique blockchain and offers a strong decentralized cloud with the help of cryptography called the Chain-Key allowing secure interaction between multiple blockchains without the centralized control to house strong DAOs.
On 10th May, the ICP Community Conference (ICPCC) will explain the key features and fundamentals of its project. During the live stream of about 9 hours, users will be eligible to claim receiver prizes worth between $300K and $500K worth of tokens.
Bitget: Meme Mania
As a part of Bitget’s latest activity, the platform is hosting a unique competition during May. In this traders can sign up and get a chance to win an exciting prize pool of memecoins by the end of the event.
Traders can enroll with the platform by 8th May. Furthermore, it has a pool prize of $50,000 USDT and is mainly conducted in preparation for a potential altcoin season in the coming time.
BASE Airdrop:
BASE is a Layer-2 project built on the Ethereum blockchain and also serves as a blockchain platform. The Base network houses one of the prominent projects such as DAO Llama, Aave Protocol, Animoca Brands, NFTs marketplace Decent, and bridging platform Rhino.fi.
As per official news, the BASE airdrop is anticipated to take place between 10th December 2023 and 01st May 2024 as its last date.
With the rising bullish sentiments in the cryptocurrency industry post-Bitcoin-Halving and increased price volatility, the market is predicted to achieve a new all-time high (ATH) during the upcoming months.
On the other hand, the hype for airdrops has witnessed a significant surge, indicating a rising interest of investors in it to maximize their profits. In this article, we have covered the top 3 airdrops scheduled for May that have a high potential to yield high profits in the short term.
ICP: Galactic Airdrop
ICP is a unique blockchain and offers a strong decentralized cloud with the help of cryptography called the Chain-Key allowing secure interaction between multiple blockchains without the centralized control to house strong DAOs.
On 10th May, the ICP Community Conference (ICPCC) will explain the key features and fundamentals of its project. During the live stream of about 9 hours, users will be eligible to claim receiver prizes worth between $300K and $500K worth of tokens.
Bitget: Meme Mania
As a part of Bitget’s latest activity, the platform is hosting a unique competition during May. In this traders can sign up and get a chance to win an exciting prize pool of memecoins by the end of the event.
Traders can enroll with the platform by 8th May. Furthermore, it has a pool prize of $50,000 USDT and is mainly conducted in preparation for a potential altcoin season in the coming time.
BASE Airdrop:
BASE is a Layer-2 project built on the Ethereum blockchain and also serves as a blockchain platform. The Base network houses one of the prominent projects such as DAO Llama, Aave Protocol, Animoca Brands, NFTs marketplace Decent, and bridging platform Rhino.fi.
As per official news, the BASE airdrop is anticipated to take place between 10th December 2023 and 01st May 2024 as its last date.
Cardano Price Dips As Bearish Sentiment Intensifies! What’s Next for $ADA?
The post Cardano Price Dips As Bearish Sentiment Intensifies! What’s Next For $ADA ? appeared first on Coinpedia Fintech News
The cryptocurrency industry has displayed a bearish start to the week by recording a loss of 2.48% within the past day in its global market cap. Further, the market leader, BTC price, has lost 2.5%, dropping close to its important support level at $62,000.
On the other hand, the ADA token continues to display a bearish price action, resulting in it hovering close to its crucial support level at $0.440. Moreover, the Cardano price has a Year-to-Date (YTD) of -23.69%, raising concerns about its future prospection among investors.
Cardano Price Displays Mixed Sentiment:
The ADA coin price continues to display a bearish sentiment by recording a correction of 3.84% within the past day and 10.91% over the past week. Following the market correction, the Cardano token has failed to regain momentum, resulting in its price struggling to surpass the $0.50 mark.
TradingView: ADA/USDT
Moreover, the EMA 200-day acts as a resistance to the price chart, indicating a strong bearish point at that level in the crypto space. Further, the indicator shows a high possibility of a Death Cross in the 1D time frame, suggesting a bearish outlook for the Cardano token this week.
The Moving Average Convergence Divergence (MACD) displays a constant flatline in the chart, indicating weak buying and selling pressure for the altcoin in the market. Furthermore, the averages show a neutral trend, suggesting uncertainty in future price action.
Will ADA Price Go Up?
If the bulls regain momentum, the ADA price will regain momentum and test its resistance level of $0.52 this week. Maintaining the price at that level will set the stage for the Cardano token to attempt to test its upper resistance level of $0.61 by the upcoming week.
Conversely, if the bulls fail to regain momentum, the ADA coin price will fall to test its crucial support level of $0.440. Moreover, if the bears continue to dominate the market, it will plunge and fall to test its low of $0.40 this month.
The cryptocurrency industry has displayed a bearish start to the week by recording a loss of 2.48% within the past day in its global market cap. Further, the market leader, BTC price, has lost 2.5%, dropping close to its important support level at $62,000.
On the other hand, the ADA token continues to display a bearish price action, resulting in it hovering close to its crucial support level at $0.440. Moreover, the Cardano price has a Year-to-Date (YTD) of -23.69%, raising concerns about its future prospection among investors.
Cardano Price Displays Mixed Sentiment:
The ADA coin price continues to display a bearish sentiment by recording a correction of 3.84% within the past day and 10.91% over the past week. Following the market correction, the Cardano token has failed to regain momentum, resulting in its price struggling to surpass the $0.50 mark.
TradingView: ADA/USDT
Moreover, the EMA 200-day acts as a resistance to the price chart, indicating a strong bearish point at that level in the crypto space. Further, the indicator shows a high possibility of a Death Cross in the 1D time frame, suggesting a bearish outlook for the Cardano token this week.
The Moving Average Convergence Divergence (MACD) displays a constant flatline in the chart, indicating weak buying and selling pressure for the altcoin in the market. Furthermore, the averages show a neutral trend, suggesting uncertainty in future price action.
Will ADA Price Go Up?
If the bulls regain momentum, the ADA price will regain momentum and test its resistance level of $0.52 this week. Maintaining the price at that level will set the stage for the Cardano token to attempt to test its upper resistance level of $0.61 by the upcoming week.
Conversely, if the bulls fail to regain momentum, the ADA coin price will fall to test its crucial support level of $0.440. Moreover, if the bears continue to dominate the market, it will plunge and fall to test its low of $0.40 this month.
Is Altcoin Season Over or Just Getting Started? Crypto Analyst Michaël Van De Poppe Decodes
The post Is Altcoin Season Over or Just Getting Started? Crypto Analyst Michaël van de Poppe Decodes appeared first on Coinpedia Fintech News
As the crypto market anticipates the after-effects of the fourth Bitcoin halving, notable shifts are being observed in market dynamics, potentially setting the stage for an altcoin surge, aka, the alt season! Crypto analyst ‘Michaël van de Poppe’ has provided insights into the changing patterns of Bitcoin dominance and its implications for altcoins.
Analysing Altcoin Strength
Van de Poppe started with the anticipation of altcoin strength that aligns with shifts in Bitcoin dominance, signaling a potential rotation of capital away from Bitcoin and into alternative cryptocurrencies.
Van de Poppe emphasized the significance of monitoring Bitcoin dominance as a leading indicator of market sentiment and potential opportunities in altcoins. Currently, Bitcoin is at 50% dominance, making it a buying opportunity for altcoins.
The analyst notes that the rising wedge pattern in Bitcoin dominance historically signals potential strength for altcoins when broken to the downside. This pattern’s break could pave the way for significant gains in altcoins, marking a possible shift in market dynamics.
Van de Poppe says that altcoins have lost six percent of their value over the past three months compared to Bitcoin, even though Bitcoin’s price may have stayed the same in USD terms. He thinks that this is a great chance for investors. Despite recent corrections, the analyst believes downturns often signal prime entry points for altcoin investment.
Watch out the Entry and Exit Points
Moreover, the analyst further discussed the concept of market rotations, highlighting how capital flows between different segments of the crypto market based on changing investor preferences and market conditions. By observing BTC pairs and analyzing trends in altcoin prices, traders can identify potential entry and exit points to capitalize on market movements effectively.
Lastly, he concluded by suggesting compounding returns by carefully shifting investments between altcoins whose prices have already gone up significantly and those whose prices are about to go up even more. He advises investors to focus on coins with significant movement and strategically consider rotating profits.
Is Altcoin Season Looming?
Even though Van De Poppe is bullish on Altcoin Season. The possibility of another altcoin season is being questioned as the altcoin season index surged above 75 earlier in 2024, only to drop to 25 following the halving event, indicating a focus on Bitcoin. However, despite Bitcoin’s dominance, altcoins experienced greater losses recently, attributed to selling pressure fear. Currently, the index sits at 39, suggesting no imminent altcoin season.
As the crypto market anticipates the after-effects of the fourth Bitcoin halving, notable shifts are being observed in market dynamics, potentially setting the stage for an altcoin surge, aka, the alt season! Crypto analyst ‘Michaël van de Poppe’ has provided insights into the changing patterns of Bitcoin dominance and its implications for altcoins.
Analysing Altcoin Strength
Van de Poppe started with the anticipation of altcoin strength that aligns with shifts in Bitcoin dominance, signaling a potential rotation of capital away from Bitcoin and into alternative cryptocurrencies.
Van de Poppe emphasized the significance of monitoring Bitcoin dominance as a leading indicator of market sentiment and potential opportunities in altcoins. Currently, Bitcoin is at 50% dominance, making it a buying opportunity for altcoins.
The analyst notes that the rising wedge pattern in Bitcoin dominance historically signals potential strength for altcoins when broken to the downside. This pattern’s break could pave the way for significant gains in altcoins, marking a possible shift in market dynamics.
Van de Poppe says that altcoins have lost six percent of their value over the past three months compared to Bitcoin, even though Bitcoin’s price may have stayed the same in USD terms. He thinks that this is a great chance for investors. Despite recent corrections, the analyst believes downturns often signal prime entry points for altcoin investment.
Watch out the Entry and Exit Points
Moreover, the analyst further discussed the concept of market rotations, highlighting how capital flows between different segments of the crypto market based on changing investor preferences and market conditions. By observing BTC pairs and analyzing trends in altcoin prices, traders can identify potential entry and exit points to capitalize on market movements effectively.
Lastly, he concluded by suggesting compounding returns by carefully shifting investments between altcoins whose prices have already gone up significantly and those whose prices are about to go up even more. He advises investors to focus on coins with significant movement and strategically consider rotating profits.
Is Altcoin Season Looming?
Even though Van De Poppe is bullish on Altcoin Season. The possibility of another altcoin season is being questioned as the altcoin season index surged above 75 earlier in 2024, only to drop to 25 following the halving event, indicating a focus on Bitcoin. However, despite Bitcoin’s dominance, altcoins experienced greater losses recently, attributed to selling pressure fear. Currently, the index sits at 39, suggesting no imminent altcoin season.
Two Altcoins Set to Outperform This Week
The post Two Altcoins Set to Outperform This Week appeared first on Coinpedia Fintech News
A recent video analysis by Youtuber and crypto expert Crypto Banter has shed light on Bitcoin’s (BTC) current trading position of around $63,500, noting a resurgence in market strength following a bearish week.
Despite the recent drop, the analysis points out two tokens expected to outshine others in the upcoming week: Ethereum (ETH), Bitcoin, and the upcoming token Gummy. These tokens are seen as resilient performers with the potential to maintain positive momentum regardless of broader market sentiment.
BTC Price Analysis
The analyst started his analysis with Bitcoin, as post-halving it continues to dictate market sentiment and set the tone for altcoin movements. After a bearish week, BTC found support around the $62,400 level, signaling the potential for a bounce. However, caution is advised, with downside targets at $61,200 and $59,000 if bearish momentum persists. On the upside, resistance lies at $65,000 and $66,800, with a breakout above these levels indicating renewed bullish strength.
ETH Price Analysis
Ethereum, often regarded as the backbone of the decentralized finance (DeFi) ecosystem, has shown resilience amidst market volatility. The ETH/BTC pair has seen notable strength, suggesting a potential outperformance of Ethereum compared to Bitcoin.
Key levels to watch include resistance at the 200-day moving average and support at recent lows. A sustained breakout above resistance could signal further upside for ETH, especially if it clears the $3,000 psychological barrier.
Gummy Analysis
Gummy, an emerging crypto star, is popular because of its staking incentives and nearing tier-one exchange listing prospects. These factors have boosted Gummy’s price. Fibonacci retracement levels and support zones might help traders find entry points. Gummy tokens can also be obtained through strategic exchange sign-ups and airdrops.
Other Altcoins
The analyst analyzes other tokens, including Arbitrum, which has been corrected significantly and is around the 786 Fibonacci retracement level. A trendline from April 26th with a Fibonacci retracement at 786 signals a turning point. Since August may bring an Ethereum ETF, the analyst sees buying possibilities for ARB if it declines. Bitcoin should bounce around 61,000–63,000, offering long chances even if ARB falls.
Next up is SUPER, consolidating inside a range and might be long at 85–88 cents. As GALA bounces off the 382 Fibonacci level, major support levels at 0.045 and 0.035 offer a buying opportunity. He finished with RWEAVE (RWE), holding up in a downturn with support at the 382 Fibonacci retracement and 50-day moving average.
A recent video analysis by Youtuber and crypto expert Crypto Banter has shed light on Bitcoin’s (BTC) current trading position of around $63,500, noting a resurgence in market strength following a bearish week.
Despite the recent drop, the analysis points out two tokens expected to outshine others in the upcoming week: Ethereum (ETH), Bitcoin, and the upcoming token Gummy. These tokens are seen as resilient performers with the potential to maintain positive momentum regardless of broader market sentiment.
BTC Price Analysis
The analyst started his analysis with Bitcoin, as post-halving it continues to dictate market sentiment and set the tone for altcoin movements. After a bearish week, BTC found support around the $62,400 level, signaling the potential for a bounce. However, caution is advised, with downside targets at $61,200 and $59,000 if bearish momentum persists. On the upside, resistance lies at $65,000 and $66,800, with a breakout above these levels indicating renewed bullish strength.
ETH Price Analysis
Ethereum, often regarded as the backbone of the decentralized finance (DeFi) ecosystem, has shown resilience amidst market volatility. The ETH/BTC pair has seen notable strength, suggesting a potential outperformance of Ethereum compared to Bitcoin.
Key levels to watch include resistance at the 200-day moving average and support at recent lows. A sustained breakout above resistance could signal further upside for ETH, especially if it clears the $3,000 psychological barrier.
Gummy Analysis
Gummy, an emerging crypto star, is popular because of its staking incentives and nearing tier-one exchange listing prospects. These factors have boosted Gummy’s price. Fibonacci retracement levels and support zones might help traders find entry points. Gummy tokens can also be obtained through strategic exchange sign-ups and airdrops.
Other Altcoins
The analyst analyzes other tokens, including Arbitrum, which has been corrected significantly and is around the 786 Fibonacci retracement level. A trendline from April 26th with a Fibonacci retracement at 786 signals a turning point. Since August may bring an Ethereum ETF, the analyst sees buying possibilities for ARB if it declines. Bitcoin should bounce around 61,000–63,000, offering long chances even if ARB falls.
Next up is SUPER, consolidating inside a range and might be long at 85–88 cents. As GALA bounces off the 382 Fibonacci level, major support levels at 0.045 and 0.035 offer a buying opportunity. He finished with RWEAVE (RWE), holding up in a downturn with support at the 382 Fibonacci retracement and 50-day moving average.
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