The post Unlock Steady Passive Income with Crypto Staking: The Ultimate Guide to CryptoHeap appeared first on Coinpedia Fintech News

Introduction to Staking

Earning cryptocurrency has long been a trend, and staking is one of the most popular ways to generate passive income. CryptoHeap offers a unique opportunity to earn a steady income through staking while maintaining high liquidity. Let’s explore how it works and what benefits you can reap.

What is Staking and How Does It Work?

Staking involves holding cryptocurrencies in a special account to earn passive income. In return, you receive rewards. At CryptoHeap, the process is straightforward, even for beginners.

Benefits of Staking with CryptoHeap

High Earnings

CryptoHeap offers various staking plans with different terms and rewards. For instance, with a 16-day Ethereum staking plan, you can earn $104 per day, totalling $1,664 per month. Other plans also feature attractive terms and high daily payouts.

Transparency and Reliability

CryptoHeap ensures the security of your funds by partnering with regulated companies and implementing strict security protocols. You can be confident that your investment is protected from fraud and hacking.

Easy Start

Signing up on the CryptoHeap platform takes just a few minutes. Once you create an account, you can choose the staking package that suits you best and start earning rewards the next day. Additionally, new users receive a $100 bonus and a 3.5% commission for each friend they refer.

Earnings Calculation

Let’s take a closer look at some available plans:

1. Arbitrum Staking Plan: Capital returned after 1 day, daily payout of $2.00.

2. Toncoin Staking Plan: Cashback within 1 day, daily payout of $4.00.

3. Sui Staking Plan: Capital returned within 6 days, daily payout of $6.00.

4. Polygon Staking Plan: Capital returned after 8 days, daily payout of $16.5.

4. Ethereum Plan: Capital returned after 16 days, daily payout of $104.00, total reward $1,664.

How to Start Earning

Step 1: RegisterVisit the CryptoHeap website and sign up. It only takes a few minutes.$100 welcome bonus link:www.cryptoheap.com

Step 2: Choose a PlanSelect the staking plan that best suits your needs. Review the terms and benefits of each plan.

Step 3: Start EarningOnce you choose a plan, you will automatically begin receiving daily payouts. You can track your earnings and withdraw them at your convenience.

Conclusion

CryptoHeap provides a simple and reliable way to earn money by staking cryptocurrencies. With its diverse plans, high returns, and security measures, you can confidently invest your funds and enjoy a steady passive income. Register with CryptoHeap today and start earning through staking!

Frequently Asked Questions

Is investing in CryptoHeap safe?

Yes, CryptoHeap prioritizes the security of your funds by partnering with regulated companies and implementing strict security protocols.

How soon can I start earning?

After registering and choosing the appropriate staking package, you can start earning rewards the next day.

What bonuses do I receive after signing up?

New users enjoy a $100 trial bonus and a 3.5% commission for each friend they refer.

CryptoHeap is your reliable partner in the world of cryptocurrency staking. Start earning today!

The post Notcoin (NOT) Analysis: Should You Buy It Now?  appeared first on Coinpedia Fintech News

Listed on the Binance exchange on 16 May, Notcoin(NOT) entered Coinpedia markets Top 100 crypto-list with marketcap surging to over $927 million. In no time this cryptocurrency caught investors’ attention with increased news and social media activity. NOT has been performing parallelly to meme coins.

One side of the trend expects the coin to hit the $1 mark, and the other is still uncertain about this volatile cryptocurrency Notcoin. Is it the right time to buy this coin or wait for corrections? Let’s find out. 

What Do Technichals Have To Say About NotCoin? 

Since there is not much data to analyze in the chart, the current price action follows an uptrend upward channel pattern. On launch, the NOT price surged to $0.037 and corrected to the current price of $0.009 with a weekly surge of  68.5%. 

The price rejected $0.010, which is also identified as the key resistance, investors must wait for the Notcoin to break above this. 

Crucial support zones are found at $0.004800 and $0.005100, on reaching this area it indicates a good buying opportunity, 

The 1hr Chart reveals increased selling pressure as per the ‘On balance Volume (OBV)’ indicator This indicator shows the direction of selling and buying pressure. 

Will Notcoin go to $1? 

Looking at the real-time use case of Notcoin, being a rewarding asset to players of Telegram Tap to earn game, NOT will gear up from the short correction and may rally to a high near $0.2. 

Going beyond that will need a sheer amount of social attention and a spike in several game players on the Telegram app. In the present scene, investors should watch the lower support zones $0.004800 and $0.005100 and the higher resistance of $0.1 level to decide to enter.

The post Ethereum (ETH) Price Prediction: Will ETH Price Hit New ATH This June? appeared first on Coinpedia Fintech News

The altcoin leader, Ethereum Price, has added approximately 20% to its portfolio this month, indicating a strong bullish reversal in the crypto market. Moreover, with the rising speculations of an AltSeason soon, the ETH price continues to hover above its important support level.

Post-approval of the ETH ETF, Ethereum-based tokens have displayed increased price volatility, indicating the rising interest of investors in these altcoins. With its price on the verge of reclaiming the $4,000 mark, will the ETH price record a new high soon?

Moreover, will the upcoming altcoin season result in the second-biggest cryptocurrency by market cap achieving the milestone of $5K during the upcoming months?

Dive in as, in this article, we have covered the short-term price analysis and on-chain sentiments of ETH tokens.

ETH Coin Price Displays A Bullish Price Action:

After displaying a neutral trend by trading in a closed range between $3,017 and $3,400 for over three weeks, the ETH coin price regained momentum following the approval of the spot Ethereum ETF. This resulted in the altcoin adding 28% to its portfolio within a short period.

TradingView: ETH/USDT

Positively, the ETH price has added 1.81% within the past day with a trading volume of $18.552 Billion (+4.86%). Further, at the time of writing, the price of Ethereum crypto was $3,908 with a circulating supply of 120,137,632 ETH tokens. 

Furthermore, the Ethereum crypto had formed a bullish flag pattern in the 1D day time frame, and with the bullish price action over the past weekend, the ETH price successfully broke out of it, indicating a positive outlook during the upcoming time.

Ethereum On-chain Sentiments:

The exchange reserves of Ethereum tokens show a constant decline since mid-2020, indicating an increase in the adoption of cryptocurrencies in the cross-border financial system. Moreover, with the decrease in the exchange reserves, the number of long-term investors has recorded significant growth.

Source: CryptoQuant

Moreover, during the last trading week of May 2024, the exchange reserves of ETH tokens have recorded a 6-year low with a recorded value of only 13.905 Million. This highlights a decline in the selling of Ethereum tokens and increasing Hodlers in the cryptocurrency market.

This decrease in the supply could potentially allow the Ethereum (ETH) price to reach the $10,000 level.

ETH Token Market Sentiments

The Simple Moving Average (SMA) displays a sharp uptrend in the 1D time frame, highlighting a strong bullish reversal in the crypto space.

On the other hand, the Relative Strength Index (RSI) continues to trade above the overbought range with its average showing a rising bullish sentiment. This suggests that the altcoin leader, ETH price will continue gaining value in the coming time.

Will The Ethereum Price Go Up?

If the market continues to gain momentum, the Ethereum price will test its resistance level of $4,094.75. Maintaining the price at that level will set the stage for the ETH coin price to prepare to retest its upper resistance level of $4,500 during the upcoming weeks.

Conversely, if a bearish trend reversal occurs, the altcoin leader will retest its support level of $3,727. Moreover, if the bulls fail to regain power at that point, the bulls will further plunge and prepare to test their lower support level of $3,400 in the coming time.

The post Solana, Chainlink, & This Popular Altcoin Stand Against the Bearish Heat—Will the Markets Follow? appeared first on Coinpedia Fintech News

The crypto space is again consolidating but under bearish influence. The selling pressure is slowly mounting over the tokens but some manage to hold a tight grip over the rally. While memecoins are leading the top gainers, popular altcoins like Solana (SOL), Chainlink (LINK), and Polygon (LINK) withstand the selling pressure as the bulls appear to be poised to stick to the bullish trend. Therefore, with a bullish daily close, these altcoins are expected to kick off a fresh upswing. 

Solana (SOL) Price Analysis

The short-term trade analysis indicates the price is following a bullish channel and has just accomplished a harsh correction 

The double bottom at the lower support suggests the bears did attempt to restrict the rally, but the growing bullish strength squashed the negative possibilities

Besides, the DMI which was feared to go bearish, quickly flipped levels with the recent rebound, indicating the bullish momentum still exists within the rally

Most importantly, the SOL price has accomplished the ‘D-Wave’ of the Elliot wave and may soon initiate the 5th wave, which may lead the price beyond $200

Chainlink (LINK) Price Analysis

The Chainlink price broke above the consolidation much before reaching the apex and demonstrated acute bullish strength 

After reaching a pivotal resistance zone between $18.3 and $19, the token faces a notable bearish pressure and is undergoing some correction

With this, it has landed in a decisive phase as the stochRSI is testing the upper threshold levels and hence the price is expected to follow the RSI’s direction

If bearish, then the LINK price is expected to drop to $15, which is unlikely, but if the bulls manage to defend the support at $17.9, a bullish rebound could elevate the levels beyond $21.

Polygon (MATIC) Price Analysis

Polygon is among the tokens which have maintained a sluggish trade after facing a rejection from a dollar

Despite this, the bulls continue to hold the lead, as the MATIC price is maintaining an ascending trend

Besides, the Bollinger bands are going parallel to each other, which suggests an accumulation phase but only a squeeze may trigger a breakout

However, regardless of the bearish impact, the rally remained under a bullish influence, as suggested by BB Power. Therefore, after a brief accumulation, a breakout beyond $1 appears imminent but may consume more time than expected. 

The post Expert’s Guide To The Top Crypto Presales Of 2024 To Turn $100 Into $100,000 appeared first on Coinpedia Fintech News

The crypto market is poised for a solid bullish run in 2024, and investors are on the lookout for top crypto presales that offer the most potential to turn a modest $100 investment into a staggering $100,000. This expert guide delves into four standout projects poised to offer such lucrative opportunities: ETFSwap (ETFS), BlockDAG (BDAG), Rollbock (RBLK), and Algotech (ALGT).

ETFSwap (ETFS): Top Crypto Presale For $100,000 ROI 

ETFSwap (ETFS) has emerged as the top pick among analysts for investors seeking opportunities to transform a $100 investment into $100,000, thanks to its market strength and crypto presale values. In the first stage of its presale alone, the platform sold over 85 million tokens and amassed more than $1 million in funding.

ETFSwap (ETFS) stands out because of its innovative approach to trading exchange-traded funds (ETFs) by tokenizing them on the blockchain. This unique approach lets users directly track traditional ETFs on-chain before making investment decisions, providing valuable insights and transparency.

ETFSwap’s user-friendly interface and commitment to security are also noteworthy. The platform requires no KYC and has undergone a thorough audit by CyberScope, a leading Blockchain security platform, to ensure its safety and reliability. Additionally, ETFSwap (ETFS) allows users to leverage up to 50x on all listed ETFs, potentially maximizing profits by up to 5,000% in a single trade. This feature is one of the key reasons experts have identified ETFSwap (ETFS) as a top presale coin with the potential to turn $100 into $100,000. 

At the core of ETFSwap’s (ETFS) functionality is its native token, ETFS, which serves dual purposes of governance and utility. Currently, in the crypto presale stage 1, the token is priced at only $0.00854, with a planned increase to $0.01831 in stage 2. 

This pricing structure promises automatic profits for early participants, making it an attractive proposition for investors eager to trade tokenized ETFs and capitalize on the potential for assured yields. The significant influx of investments from global investors is a testament to the appeal and potential of ETFSwap’s (ETFS) unique offering.

BlockDAG: A Hybrid Approach For Scalability And Security

BlockDAG (BDAG) is a hybrid concept that combines features of both traditional blockchains and DAGs. It retains the benefits of DAGs, including exceptional scalability and rapid transaction processing, with the robust security and trust inherent in blockchain consensus protocols.

BlockDAG (BDAG) emerges as a groundbreaking solution, meticulously merging the strengths of blockchain and DAG architectures. This strategic integration allows blockDAG (BDAG) to handle a significantly higher volume of transactions faster than traditional blockchains. 

BlockDAG (BDAG) paves the way for a future where distributed ledgers can seamlessly scale to meet the ever-growing demands of the cryptocurrency and broader digital landscape.

Rollblock (RBLK): A Frontrunner In Decentralized Gambling

Rollblock (RBLK) is a cryptocurrency that has gained significant attention in the crypto market due to its unique online gambling approach and potential for substantial growth. It offers a range of online Sportsbook, Casino, and Virtual gaming services accessible via desktop, mobile, or tablet, setting it apart as a leader in the GambleFi arena. 

By combining decentralized and centralized gambling features into a single platform, Rollblock (RBLK) aims to provide users with a seamless and secure online crypto casino experience.

Rollblock’s innovative features and revenue-sharing model have positioned RBLK as a top contender in the crypto presale market, attracting traders globally and setting it apart as a cryptocurrency with substantial growth prospects.

Algotech (ALGT): AI-Powered Trading Platform

Algotech (ALGT) is a groundbreaking decentralized platform that leverages blockchain technology and artificial intelligence to revolutionize crypto trading. It empowers ordinary traders to achieve extraordinary profits by automating trading techniques and simplifying the process. 

Algotech’s (ALGT) robust technical infrastructure and AI integration set it apart from traditional trading systems. Algotech (ALGT) eliminates the need for manual trading, automating the process and mitigating risks to ensure optimal capital allocation and growth. 

Moreover, Algotech (ALGT) provides valuable market insights, enabling traders to make informed decisions and enter the market at opportune times. Algotech’s (ALGT) impressive returns and expected 25x ROI upon launch have made it a preferred choice for those seeking to maximize their crypto presale profits.

ETFSwap (ETFS) Vs Other Presale Tokens: Which Should You Buy?

Although BlockDAG (BDAG), Algotech (ALGT), and Rollblock (RBLK) are relatively new crypto presale tokens poised to give investors returns, ETFswap (ETFS) emerges as the top asset, which promises to bring instant as well as long-term returns. So take advantage of the ETFSwap (ETFS) crypto presale today, and turn your $100 to $100,000.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The post Unveiling Unique Investment Opportunity To Make Profit From 48 Hours appeared first on Coinpedia Fintech News

The launch of NewGold Coin at the Exchanges will start soon and the price of each token could rise to $1000 to $100,000 USD in the near future.

 Project Overview: A Rare Gem with Limited Supply

In the ever-evolving world of cryptocurrency, where opportunities abound, but scarcity is a prized asset, we are excited to introduce a groundbreaking project with an exclusive supply of just 10,000 units This project is not just another addition to the crypto market—it is a game-changer, defined by its rarity and the high demand it is generating. Here’s why you, as a savvy trader, should not miss out on this golden opportunity.

The Power of Scarcity: Limited Supply, Unlimited Potential

In the crypto market, scarcity is a powerful driver of value. With only 10,000 units available, this project embodies true exclusivity. Unlike projects with millions or even billions of tokens in circulation, the limited supply of this asset ensures that each unit holds significant value. As demand increases, the rarity of these tokens will drive up their value exponentially, making early acquisition crucial.

High Demand: The Market is Buzzing

The buzz around this project is palpable. The crypto community is already recognizing the immense potential, and interest is skyrocketing. High demand coupled with limited supply creates a perfect storm for substantial value appreciation. Early adopters are already positioning themselves to reap the rewards of this high-demand asset, and you should too.

The Presale: Your Golden Ticket

The project is currently in the presale phase, offering a unique window of opportunity to secure your stake in this project at a preferential rate. By investing 1-100 Solana (SOL), you can gain access to this exclusive asset. This presale is not just a purchase—it’s an investment in future wealth. Given the limited supply, the presale is your best chance to acquire these tokens before they hit the open market at potentially much higher prices.

Generational Wealth: A Once-in-a-Lifetime Opportunity

This is more than an investment; it’s a chance to create generational wealth. Similar opportunities in the crypto space have historically yielded significant returns for early investors. With this project’s unique attributes of scarcity and high demand, it has all the hallmarks of a high-reward investment. By securing your tokens now, you position yourself to benefit from substantial future gains.

Strategic Positioning: Act Now

Timing is everything in the crypto market. To maximize your returns, immediate action is required. The current presale is your chance to secure these limited tokens before the window closes. As more traders recognize the value and potential of this project, the opportunity to buy at this price will vanish.

Call to Action: Secure Your Future Today

Don’t let this once-in-a-lifetime opportunity slip through your fingers. Here’s what you need to do:

Buy here: https://solanapad.io/launchpad-list/ARHu6tnKegoeaKhqUSTZQjBEQwYSGYSEZ8SBbGrgb2gW/?ref=Fnddii99reQpCpRbXHEVYT9CjQE6g1pWLQVC2McXoMet

1. Visit Presale Page: Access the presale through our secure platform.

2. Invest 1-100 Solana (SOL): Secure your stake with this minimal investment.

3. Position Your Portfolio: Add this rare asset to your crypto portfolio and prepare for significant future gains.

By acting now, you leverage the power of scarcity and high demand to build generational wealth. This project is poised to make waves in the crypto space, and early adopters will be the ones to benefit the most.

Seize the moment—participate in the presale, secure your tokens, and position yourself for success. Act now to ensure you don’t miss out on this remarkable investment opportunity. Visit the presale page today and take the first step towards a prosperous future.

Buy here: https://solanapad.io/launchpad-list/ARHu6tnKegoeaKhqUSTZQjBEQwYSGYSEZ8SBbGrgb2gW/?ref=Fnddii99reQpCpRbXHEVYT9CjQE6g1pWLQVC2McXoMet

Telegram channel link: https://t.me/NewGoldCoin

The post The next runner in the Pepe Narrative is Kermit on Solana, and the community have taken over appeared first on Coinpedia Fintech News

It’s been a wild 72  hours since Kermit launched on Pump.Fun- the fairest way to launch Solana tokens where LP is burnt. It skyrocketed with the support of well-known KOLs, the dev burnt over 70% of the supply, but then for whatever reason, we thought Kermit was over. 

Kermit is the most well-known Frog in the world according to ChatGPT and some leaders saw this. A CTO has taken place taking Kermit to new ATHs over $1m market cap as we look at the amphibious frog for Solana.  A community takeover on Solana typically happens when the team has no more supply but the community appreciates the vision so much they make the decision to work together and push it. It’s been phenomenal watching holders orchestrate VCs, raids and even marketing.

As Kermit says ’It’s nice to be important, but it’s important to be nice.’ That’s what the strong Kermit community is all about, and we encourage you to join us as Kermit makes a name for himself on Solana- The community are now the devs, whales and driving factor for this token and that’s why I wanted to cover it- the healthiest tokens tend to be CTOs, because devs are greedy. I truly believe this had to be the case for us to target a MCAP similar to Pepe. 

We are confident that Kermit is following in the footsteps of Pepe, Wif, BOME and Mog enroute to a 9-figure market cap. The narrative with Pepe is that not everybody was familiar with the Shiba Inu and thus Pepe created the most well-known meme in the world. However, ChatGPT argues differently- Kermit is the world’s most loved frog! Alongside this, we know Kermit was made in 1955. The muppets are legendary and it’s time they made it on chain!

Pepe can stay on ETH because Solana is for Kermit. I want to see everybody who interacts with this article picking up a bag and working for that bag- raids, VCs or even memes. The community is contributing everything and that’s caused an unheard-of reversal from $15k MCAP to over $5m. 

KermitOfSolana.com – Here’s the website if you want to check it out, it has the right CA and socials on it still.

 CA:  C1bGfsqQM2US2Xx8dQf1mcPbYt3t9uFZGjsujMuh7ezt

I repeat! This is not just PR but a CTO, all buyers should be actively participating in the token (raids, interactions) so looking forward to seeing you in the telegram!

Go ahead and join the telegram and be a part of the most empowered meme community on Solana at the moment. As of writing, the community is organising the next leg up. With a CTO you can get real alpha being on the ground.

T.me/KermitOfSolana

Alongside this, join us on X as the CTO team posts the funniest memes as well as more alpha on the project

X.com/DexOrgExchange

Thanks for reading. $KERMIT

The post Ethereum (ETH) Price Initiates a Rebound: Will it Rise Above $4000 in the Next 24 Hours? appeared first on Coinpedia Fintech News

Bearish clouds are again floating over the crypto space as the selling pressure is slowly increasing. Bitcoin, which aimed to surpass $70,000 despite the recent rejection, has slumped hard below $68,500, circulating bearish waves across the markets. Amid growing negative impact within the market, the second largest token, Ethereum, has been displaying some strength. While the lauch of the spot ETF was assumed to have a short-lived impact on the ETH price, it seems that the price is preparing to rise after trapping the bears. 

Just a few days ago, spot Ethereum ETF was launched, which set the crypto space on fire as BTC & ETH prices soared above their crucial resistance. After a brief pullback, the second largest crypto has begun to rise in the times when Bitcoin maintains its’ sluggish trend. This suggests that the altcoins may be growing stronger in the coming days, but the ETH price is required to surpass crucial levels to trigger a strong AltSeason. 

After maintaining a steady upswing after a giant rebound, the ETH bulls appear to be in constant combat against the bearish actions. As a result, the daily candle has turned out to be a long-legged doji, signalling a huge possibility of a bullish reversal. On the other hand, the OBV, or on-balance volume, is rising and has reached the upper threshold, which indicates heavy accumulation, which could be followed by a bullish breakout. 

All the technicals support the bullish narrative of the Ethereum price rally and hence a bullish breakout is expected to occur soon after the ongoing compression. Therefore, once the bears face exhaustion after trying hard to mount selling pressure, the volume is expected to fade out. This could be when the ETH price kicks off a strong rally and reclaims $4000, which could bring it to the apex of the ascending triangle. 

Once the price reaches the edge, the result is expected to be in favour of the bulls, who aim to form a new ATH above $5000 and trigger a strong altseason thereafter. 

The post Crypto Guru Forecasts Chainlink (LINK) Price Surge Could Hint Mega Altcoin Rally appeared first on Coinpedia Fintech News

Chainlink’s price continues to surge, with a significant 5% increase in the last 24 hours. This momentum has driven the cryptocurrency to achieve a monthly high of $18.82, indicating a bullish trend. Despite a slight pullback, Chainlink currently holds steady at $18.18, showcasing continued market strength.

Meanwhile, prominent crypto analyst Michaël van de Poppe has expressed optimism regarding Chainlink (LINK), proposing that its performance may serve as a pivotal indicator for a broader altcoin rally.

Key Support Level at $16

In a recent tweet, Van de Poppe pointed out the importance of the $16 support level for Chainlink. He noted that as long as Chainlink stays above this level, the cryptocurrency is likely to continue its upward trajectory toward yearly highs. 

Strong momentum for #Chainlink.Apparently, Chainlink is an indicator for the altcoins. If Chainlink does well, then I expect the altcoins to continue moving. As long as $16 holds, we'll see a continuation on Chainlink towards the yearly highs. pic.twitter.com/nOl1r3gicW

— Michaël van de Poppe (@CryptoMichNL) May 28, 2024

However, this level is seen as a pivotal point for sustaining the current momentum and achieving further gains.

Further into the analysis, Van de Poppe suggests that the performance of Chainlink could have significant implications for the altcoin market as a whole. If Chainlink continues its upward trajectory and maintains its critical support level, it could pave the way for a broader altcoin surge.

Chainlink To Surge 300% Surge

Earlier predictions by analyst Michaël van de Poppe suggest that Chainlink’s price could soar by 150% to 300% soon. Van de Poppe’s analysis indicates that Chainlink has recently breached a critical support level, signaling the potential for a robust bullish run.

With Chainlink demonstrating strong momentum and holding above key support levels, market sentiment remains optimistic. This anticipated surge is expected to drive Chainlink closer to, or even beyond, its previous all-time high, benefiting investors and traders alike.

During the 2021 bull run, Chainlink reached an all-time high of $52.88, representing a 65% increase from its current value. As of now, chainlink’s price is hovering at $18.65, with a market cap of $10.3 billion.

The post BNB Chain Loses 80K In A Possible White Hat Action appeared first on Coinpedia Fintech News

BNB Chain lost bitcoin worth $80K in a potential exploit involving multiple suspicious transactions. The attacker could be a white-hat hacker or an ethical hacker who finds security vulnerabilities. The attacker received funding via TornadoCash and also interacted with Binance, indicating a possible white-hat action. Meanwhile, sophisticated hackers with malicious intent avoid interacting with large CEXs like Binance, which could discover their identities.

The post Pepecoin ( PEPE ) Price Dips 4% After Developer Team Sells 21.49 Billion Tokens appeared first on Coinpedia Fintech News

Pepe Coin (PEPE), the frog-themed cryptocurrency, recently experienced a significant price drop. After substantial gains and an all-time high of $0.00001718, PEPE’s price fell by 4% following the developer team’s sale of 21.49 billion tokens. This action has raised concerns about market stability and the potential for future sell-offs.

Even after the dip, Pepe (PEPE) remains the most sought-after meme coin. The mid-cap altcoin, with a market capitalization of about $5.795 billion, had the highest daily traded volume of about $2.624 billion in the meme coin industry. The prior spot Ethereum ETF hype triggered a notable rise in Ether-based altcoins. Approving eight spot Ethereum ETFs in the US initially boosted the market. Still, this event turned into a classic “sell-the-news” scenario, contributing to the broader crypto crash of over 4% this week, now valued at approximately $2.63 trillion.

Pepe’s Price Takes a Dip

Blockchain tracking platform Spot On Chain reported that the PEPE developer team sold the tokens valued at $355,000 through Binance and decentralized exchanges. This sale followed a 130% surge in PEPE’s price over the last month. This is not the first ever sale; the developer team has a history of selling significant amounts of PEPE, with 282.8 billion tokens worth $2.28 million sold since late February.

Despite these sales, the developer team still holds a substantial amount of 2.52 trillion PEPE, valued at approximately $42.7 million. This large holding poses a great risk to market stability, as future sales could further impact the coin’s price. 

Crypto Reaction

However, the community’s reaction to these sales has been mixed. Some investors are concerned about potential future sell-offs, while others view the dip as a temporary setback in the context of PEPE’s growth trajectory. 

Good time to buy the dip?

Despite the rollercoaster, meme coins continue to steal the show. With support from big names like Coinbase and Binance, Pepe boasts approximately 227k holders. As the dust settles, one thing’s clear: in crypto, expect the unexpected. PEPE Coin’s price was down 3.67% at the time of writing, trading at $0.00001636 after its recent highs.

Is the meme coin industry here to stay? Weigh in with your take on the future of meme coins!

The post Mt. Gox Denies $10B Bitcoin Selloff For Repayment appeared first on Coinpedia Fintech News

Mt. Gox has denied the claims of selling $10B worth of BTC and BTC cash reserves to repay its creditors. The denial is in response to the reports that indicate a massive transfer of funds from wallets linked to the exchange. Reportedly, Mt. Gox-related addresses have also moved 142,846.22 BCH to an unmarked address, now holding approximately $67.9 million in Bitcoin Cash, making it the 11th largest BCH whale address.

The post The 4 Meme Coins Ready to Dominate Binance in 2024 appeared first on Coinpedia Fintech News

The bull market is roaring, predicted to reach its peak in the upcoming month. Looking for the next 1000x listing? Here’s the crypto insider’s view on four meme coins that could be the next big stars listed on Binance in 2024.

The traders are on the hunt for the next big thing in the crypto world and when it comes to meme coins – Binance is the holy grail of crypto exchanges. Binance listings, like those of $PEPE and $BONK in 2023, have seen investments soar by over 50x. So, if you’re looking to get in on the action early, spot the gems.

How Binance Picks Its Meme Coins

“Binance recognizes the explosive potential of meme coins in this bull market. These tokens, with their strong communities and viral appeal, are reshaping the crypto landscape. We’re committed to listing coins that show remarkable growth and innovation, keeping Binance at the forefront of the crypto revolution.”

Alex Chang, Chief Strategy Officer at Binance

So, what’s the secret sauce behind Binance’s meme coin picks? While there’s no official playbook, past trends give strong clues to the criteria for selection.

Utility Features

Growing active community

At least $100 million market cap

Impressive presale performance

Fresh narrative and strong storyline

Take $PEPE: this meme coin was on Binance’s radar for weeks before its market cap skyrocketed from below $100 million to $1.8 billion post-listing. Similarly, $BONK hit Binance in December 2023 and zoomed to a $2 billion market cap. Clearly, Binance favours meme coins that tick all these boxes above. 

Here are four top meme coins that meet these criteria.

1. Turbo Meme Coin ($TURBO)

Turbo Token ($TURBO) is making waves as the world’s first meme coin predominantly created by AI, with a starting investment of just $69 from its human co-founder. This unique origin story sets Turbo apart in the crowded meme coin market. The project quickly gained traction, raising $2 million within the first 24 hours of its presale and achieving a 1500% user growth rate in its initial weeks.

Turbo’s strategic approach includes AI-driven features designed to enhance user engagement and trading efficiency. The project plans to roll out automated trading signals and community engagement tools, which distinguish it from other meme coins. With a current market cap of $50 million and a growing community of over 100,000 holders, Turbo Token is well-positioned for future growth.

The combination of innovative AI technology and strong community support makes $TURBO a notable contender for a Binance listing in 2024. 

Buy $TURBO now.

2. Godlenfish Meme Coin ($GODLEN)

Now, let’s talk $GODLEN – a meme coin with grit, wit and character that has become a sensation, with holders reporting phenomenal luck ever since catching this golden fish at the presale. This token is making waves with its impressive CEX and partner announcements, hinting at a transformative presence in the crypto ocean.

The numbers speak for themselves

With 5000% user growth in just days and $200,000 raised in presale within hours, this rapid success is no fluke; it’s a sign of the real demand for $GODLEN.

Godlenfish Token empowers its holders to vote on upcoming CEX listings, including big names like Binance, OKX, and MEXC. This feature ensures that the coin’s future is in the hands of its dedicated community.

Teaming up with GOTBIT HEDGE FUND, known for its successes with projects like MYRO, PONKE and BONK, $GODLEN is no small fish in a big pond but quite the opposite. With staking protocols, PVP games, utility DApp’s and multichain features on both Base and Solana on the way, $GODLEN is the one to watch out for.

With its unique narrative, strong community support, and groundbreaking utility features, $GODLEN is a top contender for a Binance listing.

Catch $GODLEN at presale before it breaks out into the crypto ocean. Today only.

3. Smog Meme Coin ($SMOG)

Smog Token ($SMOG) is seriously spitting dragon fire and is guaranteed to be a top contender for Binance’s 2024 listings. Launched on February 7 via Jupiter DEX, $SMOG surged over 2,000% in its debut week – talk about explosive growth!

What sets Smog Token apart? It’s all about those revolutionary airdrop features. Holders can accumulate points just by holding $SMOG, and the Zealy campaign lets you earn even more by engaging in social tasks like liking Tweets or joining the project’s Discord. With over 55,000 tasks completed and a market cap nearing $100 million, $SMOG has been generating a serious since its presale.

Buy $SMOG today and join the movement.

4. Myro Meme Coin ($MYRO)

Meet Myro, a heartwarming tribute to Raj Gokul and his dog. Riding the popular trend of dog-themed meme tokens, it’s also packed with features like staking and more.

With its dog-themed roots, Myro Token is gaining serious traction, surpassing the $100 million market cap milestone. It offers cool tools like a buy bot and staking options, backed by a dedicated community and an endearing meme concept. With strong community support and a substantial market cap, $MYRO is a strong candidate for a Binance listing.

Buy $MYRO Today.

The post Hong Kong’s LBank Lists KNINE, Shiba Inu Reacts appeared first on Coinpedia Fintech News

LBank, based in Hong Kong, has announced the listing of KNINE, the governance token of K9 Finance. LBank has listed KNINE under the KNINE/USDT pair in the innovation zone. Users can now deposit KNINE into their bank accounts in preparation for trading, which is scheduled to commence today. The exchange will open withdrawals starting tomorrow. The official Shiba inu X handler congratulated the K9 finance team terming it as another big win for adoption. KNINE has been listed on four centralized crypto exchanges since its launch: MEXC, CoinW, BitMart, and LBank.

The post BlackRock’s Still Bullish on Ethereum ETF, Top Cryptos to HODL Before Major Surge  appeared first on Coinpedia Fintech News

BlakRock has submitted its latest filing for a spot in Ethereum ETF. An updated 19b-4 document excludes any involvement in Ethereum staking. This occurred as BlackRock’s Bitcoin ETF is the second-largest in the market and could soon surpass Grayscale. Due to this change, optimism is high that it can get approved in the near future. As a result, many are diversifying their holdings, and the key five cryptos that have surged the most include KangaMoon (KANG), Celestia (TIA), Starknet (STRK), Aptos (APT) and Filecoin (FIL). Today, we will go over their on-chart performance and the latest updates to see which one can climb the most.

Best Cryptos to Get Before ETH Approval Now That BlackRock Pushes for Latest Spot Ethereum ETF

We will dive deeper into the price performance of all five cryptocurrencies to see which one can spike the most based on the latest metrics. 

KangaMoon (KANG) to Become a Disruptive Force with Unique P2E and Social-Fi Driven Ecosystem

KangaMoon (KANG) is an upcoming meme coin that disrupts the traditional lack of utility and establishes KANG as a sought-after diversification opportunity by fusing Social-Fi elements and Play-to-Earn (P2E) mechanics. Moreover, the unique blend creates a thriving ecosystem which results in the disruption of the fleeting hype of traditional memecoins. KANG offers real-world utility and has features that will enable it to experience sustainable growth.

The ongoing presale has been a major magnet for traders, as it has appealed to over 32,000 users and surpassed $7 million. Analysts predict this figure will shatter the $7.5 million mark by the end of the month. The presale cleverly leverages Social-Fi to establish major social media interaction, and as a result, the project now has a vast community. 

The price of KANG is up 400%, and it has risen from $0.005 to $0.025. The current Bonus Presale offers a limited chance to snag KANG at a discount before a potential exponential price rise. It’s up on CoinMarketCap and CoinGecko, but BitMart also announced that they will list the token soon. As a result, sentiment on its future is high as analysts project a 100x upswing following its launch, making KANG one of the best cryptos to buy now.

Celestia (TIA) to Reach $14.06 by Q4, 2024

Celestia (TIA) is disrupting as-well, as its ecosystem is rising, where Celestia Developers released Demo Day #2 for the Infinite Space Bazaar hackathon. This expands the ecosystem greatly, and the Celestia crypto could see increased usage as a result. 

The Celestia price is green based on the weekly chart and could soon break past the $10 price barrier. If it does so, it is poised for higher gains, and according to the Celestia price prediction, it can end 2024 at $14.06.

Starknet (STRK) Introduces ZKThreads Standard – Price to Reach $1.77

Starknet (STRK) has also made major progressions with the expansion of its offering, as the team announced the launch of the ZKThreads standard, a new scaling framework based on ZK execution sharding. This standard has paved the way for higher scalability and customizability without fragmentation, and this has sent the Starknet crypto flying. 

Moreover, the Starknet price is up 15% on the weekly chart and could soon break above $1.5, which is its major price barrier. If it does so, according to the Starknet price prediction, it can end Q4 of 2024 at $1.77, placing it as one of the best cryptos to buy now.

Aptos Price Up Following Partnership with CRIPCO

Aptos (APT)’s activity is massive, as it announced a partnership with CRIPCO in order to design and build the future of collaborative Intellectual Property (IP). The integration of IP with digital tokens is crucial for the realization of the true concept behind Web3, as it imagines a future where communities can own the IPs tied to their digital tokens and can exclusively provide novel experiences alongside interactions for any of their members. 

As a result,  the Aptos crypto could see far higher utility. As for the Aptos price performance, it’s been in the green zone, as according to the on-chart metrics it’s up 10% on the weekly level, with the crypto projected to spike above $10 soon. According to the Aptos price prediction, it can end Q4 of 2024 at $12.21.

Filecoin Crypto on the Rise Following Eternal AI Integration

Filecoin (FIL) is also becoming a major project in Web3 as it recently showcased its latest collaboration, in which Eternal AI became powered by its decentralized storage. Through a combination of Filecoin ‘s storage with Eternal AI’s model storage capabilities, it enables decentralized AI on Bitcoin, and the Filecoin crypto could surge in activity soon as a result.

According to the Filecoin price chart, it’s gone above $5 and now needs to move above $6 in order to regain further momentum. Based on the Filecoin price prediction, it can end the year at $8.78, positioning it as the best crypto to invest in.

Why These Are the Best Cryptos to Get Before ETH Approval

It’s clear that Ethereum ETFs are likely to be approved soon, although nothing is confirmed fully yet. BlackRock is making modifications to their applications to increase the likelihood of approval, which is good news for the broader crypto market. KangaMoon (KANG), Celestia (TIA), Starknet (STRK), Aptos (APT), and Filecoin (FIL) have all showcased major growth based on the on-chart performance. However, KANG has seen the highest surge at 400% and has the highest growth potential for 2024 and beyond, making it the best crypto to invest in.

The post 7 Best Cryptocurrencies To Invest This Year  appeared first on Coinpedia Fintech News

Are you struggling to pick the best cryptocurrencies to invest this year? Your brain’s swirling battle is totally understandable. The current scenario in the crypto market can be quite confusing for investors, with new projects surfacing every day! It can be hard to pick a crypto project when there are so many opportunities available.

This article will try to solve your confusion with our curated list of the seven best cryptocurrencies to invest this year. You do not want to miss out on these seven promising crypto tokens in 2024!

7 Best Cryptocurrencies To Invest This Year

These are our seven curated picks of the best cryptocurrencies to invest this year and have monumental gains from your crypto portfolio! 

5thScape (5SCAPE)

DarkLume (DLUME)

SimuGaze (SGAZE)

Ripple (XRP)

Monero (MONERO/XMR)

Filecoin (FIL)

yPredict (YPRED)

Get ready to learn in-depth insights about these seven best cryptocurrencies that you need to watch out for this year! 

5thScape (5SCAPE)

Say hello to a VR ecosystem that offers all-in-one immersive experiences! Be it games, movies, or educational content, the all-encompassing VR hub of 5thScape opens up a thrilling world of virtual escapades for its investors. The project goes a step further with its launch of VR accessories, including an ergonomic VR chair called SwiftScape and an ultra HD VR headset that lets you experience the VR world in high resolution.

Explore the interactive VR games, watch VR movies that can have you on the edge of your seat – heart pounding in your chest, or enhance your skill sets with the educational content that 5thScape offers – all within a single suite. This virtual ecosystem is accessible to the 5SCAPE native token holders. 

It is not just an excellent utility token to experience the thrill of VR technology but also an investment opportunity that stands out due to the technological advancements and growing adoptions in this field. 

DarkLume (DLUME)

Metaverse enthusiasts now have a new virtual space to indulge in fun activities with DarkLume‘s leisure-focused Metaverse platform. Buy virtual citizenships to different countries, interact with your friends or new people from across the globe, and participate in other social activities with the new DarkLume metaverse world!

While most of this project’s “fun parts” are yet to be revealed,  the platform is already grabbing the attention of people who like the idea of metaverse as a transformative way of digital interactions. It goes beyond just the social interactions that the other contenders in the metaverse industry offer, and this differentiation factor sets it apart.

DarkLume, run by the DLUME token, is also at its first presale round and positions itself as an interesting crypto investment option for 2024. 

Visit DarkLume VR

SimuGaze (SGAZE)

SimuGaze, the newest crypto project in the town, is all about VR racing simulations that have sent a buzz in the online gaming community. It is a one-of-a-kind blockchain-based racing simulation games platform that provides multiple experiences as per VR gaming enthusiasts’ preferences. Some of its key simulation games include VR Formula-1 Style Racing, Street Rally, and Bike Blitz, with visuals that can give you surrealistic vibes. 

The project is run by its native token, SGAZE, which is the best cryptocurrency to invest this year! It is available at a value-driven pricing as the project is in its first round of presale. This VR simulation gaming-linked project is worth considering in 2024 as the VR industry faces a dynamic disruption for good. 

Ripple (XRP)

Just a positive nod from the SEC has proven to be a game-changing moment for the ecosystem and pricing of Ripple—XRP! Investors who were waiting for the positive outcome from the lawsuit against Ripple are finally fulfilling their pent-up desire to invest in XRP, making it one of the best cryptocurrencies to invest this year. 

Ripple as a platform is a resolution to make international transactions quicker and more effortless. Hence, many esteemed institutions are adapting it to make their payment systems hassle-free. And now, with zero doubts about its reliability, the platform will soon see a surge in its adoption by more and more credible institutions that can leverage its transformative technology. 

The XRP token of the Ripple platform works as a “fee token” that lowers the fee of actual transactions facilitated through Ripple’s ecosystem. It also acts as an intermediary when a transaction between two parties on the Ripple platform is made using different currencies. Overall, it is an essential part of running the Ripple platform, which makes it a precious cryptocurrency token that one should have in one’s portfolio this year. 

Monero (MONERO/XMR)

Monero has crossed the horizon by becoming a “mode of payment” instead of being limited to the tag of a crypto token! It is the most stealth mode of payment that has ever existed. As a user, when you make a payment through Monero, your transaction details become entirely untraceable.

The RingCT technology leveraged by Monero obscures the transaction amount. On the other hand, your transaction ID stays untraceable as it is not permanently linked to your account or device. Each new transaction through Monero gets a fresh new transaction ID. 

Investors who are looking forward to a privacy-focused future of facilitating transactions find Monero (XMR) a compelling investment opportunity. It is one of the best payment options for journalists, whistleblowers, or investigation officials who need to keep their identities hidden. 

Filecoin (FIL)

Move away from the traditional cloud storage methods that you have been using to safe-keep your essential files or data. Filecoin, a game-changing platform for online data storage solutions, uses peer-to-peer technology to store your data and prevents a single entity from having the entire control of it. The data you upload on Filecoin is stored across a distributed network of computers present globally. 

The platform also rewards its users by allowing them to use unused space on their computers. By allowing the Filecoin platform to utilise the spare space, one can earn its native token FIL. If you are doubtful about the reliability of the platform and how secure it is to safe-keep your data within it, you must know about the two technologies that it works on: “proof-of-replication” and “proof-of-spacetime”. These technologies, or “proof systems”, ensure integrity and uptime (making your data accessible to you all the time!)

The FIL token is undoubtedly a unique investment opportunity. Filecoin’s base technology is set to give traditional cloud storage systems a run for their money. You may consider it one of the best cryptocurrencies to invest this year. 

yPredict (YPRED)

AI-based algorithms are lately making it hard for crypto traders to analyze market conditions correctly and gauge the right investment opportunities. This is when a platform like yPredict comes in as a light of hope to make crypto investment decisions more straightforward and quicker than before. yPredict offers a comprehensive AI-based tools set that can be accessed through its YPRED utility token.

These tools have the ability to use AI signals for precise market prediction and analysis. They can detect any risks or even the positive factors involved in a crypto project of your choice. The platform also offers a marketplace where one can purchase a premium monthly subscription of prediction models offered by expert financial data analysts. These analyses, market sentiment summaries, and predictions for any crypto project can give a crypto investor the right direction toward a mindful investment.

Furthermore, yPredict’s AI-powered tools are making the lives of crypto investors easier by saving them from the hassles of picking the best cryptocurrencies to invest in this year. The YPRED token is soon to see staggering demand, with the platform’s popularity growing multifold day after day. This factor can push its price value beyond the limits and set it up as one of the highest-growing cryptocurrencies for the year 2024. 

Final Thoughts About The 7 Best Cryptocurrencies To Invest This Year 

2024 can be an exciting year for crypto enthusiasts as it is the year of the “Bitcoin halving” event, which carries an urban legend of being the facilitator of a crypto market bull rally. Investors can make the most out of this bull run by picking lucrative crypto projects as investment options that have long-term growth opportunities, too.

To filter down your options to such opportunities, you should look into the technology that the crypto project is being backed with.

For example, SGAZE, backed by the growing VR market, may see unprecedented pricing growth once VR technology doubles its user base in the coming years.

The other project with strong technological backing is DLUME, the DarkLume metaverse platform’s token. It will keep gaining momentum as famous personalities like Mark Zuckerberg (founder/CEO of META) and Satya Nadella (CEO of Microsoft) continue to promote the metaverse technology. 

Keep a positive mindset towards such up-and-coming crypto projects to maximize the returns from your crypto investments. Their market-disrupting tendencies and the opportune for the room for growth that they come with are two great factors! Remember to always keep your crypto portfolio diversified and well-balanced with traditional coins and promising altcoins.

The post Russia China Turning To USDT To Settle Deals Amid Sanctions appeared first on Coinpedia Fintech News

Russian firms are increasingly turning to stablecoins like Tether (USDT) to settle deals with China. Specifically, commodities firms in Russia, particularly those dealing with metals and timber, have found stablecoins to be an effective solution for cross-border transactions due to their swiftness and cost-effectiveness. Stablecoins help mitigate the risk of frozen overseas bank accounts, a problem that has troubled Russian firms. This shift towards crypto is driven by the challenges posed by international sanctions. Russian lawmakers are considering a legal framework for the use of stablecoins in international transactions.

The post Turn $1,000 into $100K When Ethereum Enters ‘The Banana Zone’! appeared first on Coinpedia Fintech News

Ethereum is making headlines again with its potential for massive gains. The crypto bull run of 2024 has already kicked off, and investors are on high alert. Discover how a strategic move now could turn a modest investment into a substantial fortune. This article dives into the market signals and key factors that suggest a golden opportunity is on the horizon. Get ready to explore strategies that could lead to impressive returns in this booming market.

BlastUP Presale Enters Its Final Week: Last Chance to Buy $BLP At 35% Discount

BlastUP’s triumphant presale is entering its final week. Launched only a few months ago, the presale has achieved remarkable success, raising over $7 million and attracting more than 17,000 participants — and the numbers continue to grow, as more investors hurry to buy $BLP before its price increases.

Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

The presale runs until the 31st of May, leaving just a few days to join this groundbreaking launchpad platform that has already confirmed its robust utility and dedication to community growth. The anticipated DEX listing price for $BLP is set at $0.1, but the tokens are now available at a 35% discount, priced at $0.065.

NEAR Protocol Price Analysis and Future Outlook

NEAR Protocol (NEAR) is currently in a price range of $7.31 to $8.35. Over the past week, its price increased by 0.50%, and over the past month, it saw a 12.88% rise. Over the last six months, NEAR has surged by 329.27%, showing significant growth.

The Relative Strength Index (RSI) is at 45.17, indicating neutral momentum. NEAR is currently experiencing corrective moves rather than impulsive ones. The nearest resistance level is $8.88, while the nearest support level is $6.80.

Optimism (OP) Shows Steady Growth with Strong Support at $2.05

Optimism (OP) is currently trading between $2.29 and $2.90. The coin has seen a 6.40% increase over the past week and an 11.65% increase over the past month, indicating steady growth. With a 52.10% rise in the last six months, it shows a positive trend.

The nearest support is at $2.05, and resistance is at $3.26. The RSI at 55.41 and MACD at 0.01 suggest the price might continue upward. The current move is impulsive.

Arbitrum (ARB) Price Overview: Poised for Growth or Retracement?

Arbitrum (ARB) is trading in the range of $1.01 to $1.32. It has seen a 27.02% increase over the past week and a 15.95% rise in the past month. Over six months, ARB has climbed 21.37%. The Relative Strength Index is 51.76, reflecting a balanced market.

With the nearest resistance at $1.44 and support at $0.82, ARB is currently in an impulsive move. Traders should watch for potential breakthroughs.

Starknet (STRK) Price Overview and Prediction

Starknet (STRK) is trading between $1.09 and $1.36. The price has surged by 24.78% in the past week and 13.27% over the month, showing impulsive moves. The 10-day moving average is $1.31, while the 100-day moving average stands at $1.25. Key resistance lies at $1.46, with support at $0.92. The RSI is at 58.56, indicating moderate strength. The six-month change of 552.93% suggests strong upward momentum.

Conclusion

NEAR, OP, ARB, and STRK have less promise in the short term. BlastUP has the highest potential. The project’s concept and its place in the Blast ecosystem make it strong. This combination sets it apart, offering significant growth opportunities. As the market advances, BlastUP could yield substantial returns.

The post Mt. Gox CEO Karpelès Confirms: ‘Everything Is Fine’ Amid Bitcoin Transfers appeared first on Coinpedia Fintech News

In a significant move, the Mt. Gox cold wallet has transferred 12.24k BTC, valued at around $840 million, to an unmarked address. This is the first such movement from Mt. Gox since July 2019, resulting in several questions and speculations about the implications for the cryptocurrency market.

Official Statements Confirms There’s Nothing To Worry About

Mt. Gox Trustee Nobuaki Kobayashi released an official statement today, 4 hours after the unnamed transfer, addressing concerns over the management and repayment of cryptocurrencies. In the statement, he assured us that no repayments have been made yet and that all cryptocurrencies are under secure management. 

He said, “The Rehabilitation Trustee is currently securely managing bitcoin and bitcoin cash. As the Rehabilitation Trustee is proceeding with the preparation for the above repayments, please wait for a while until the repayments are made.”

The statement aimed to reassure creditors and the wider crypto community that the trustee is acting responsibly with the assets and that the repayment process is on track.

Mark Karpeles, former Mt. Gox CEO, also took to X to reassure the community by mentioning, “As far as I know, everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is no imminent sale of bitcoins happening.” His comments targeted calming the market and stating that the transfers are part of the planned distribution process.

Market Reaction to Undeclared Transfer

The transfer resulted in a noticeable reaction in the market, with Bitcoin’s price slipping below $68,500 from its previous high of over $70,600. The sudden movement of such a large amount of BTC understandably spooked some investors. However, the price stabilized quickly, reflecting resilience in the market despite initial fears.

DeFi expert ‘OxBlue’ pointed out just how sensitive the market is too large transactions, remarking, “75,021 BTC just transferred and the price dips 2%.” Mt. Gox trustee’s transfer of approximately 5 billion dollars worth of BTC are marked as nothing to worry about as they are “preparations to start repaying creditors.”

Crypto analyst Mikes Deutscher points out that the market was ‘spooked’ by the Mt. Gox worth over $7b transfer to an unknown wallet because it was much ahead of the creditor repayment deadline on 31 October. He states that he is not worried about the transfers since Mt. Gox asked creditors for final information in January. He views the associated fear, uncertainty, and doubt (FUD) as an opportunity for accumulation.

Crypto and stock investor Jelle added, “Bitcoin is holding the bullish flag, despite Mt. Gox transferring a boatload of coins. Market is rangebound — but will quickly turn fully bullish if we get above $70,000 again.” His comments reflect a cautious optimism that the market can absorb these large movements without significant long-term impact.

The post Bitcoin, Ethereum, and Solana Price Prediction: Raoul Pal appeared first on Coinpedia Fintech News

Macro guru Raoul Pal has expressed his bullish sentiment towards the cryptocurrency market, particularly Bitcoin, Ethereum, and Solana. He predicts record-breaking highs during the 2024-2025 bull market and foresees its value skyrocketing from $2 trillion to over $100 trillion in the next six years, marking a 50x increase. In his recent interview with Squiggle, Pal explained why crypto will surpass the fastest accumulation of wealth in history. 

Backed by data, he illustrates that crypto adoption is outpacing even the internet’s growth, making it inevitable. With the approval of spot Bitcoin and Ethereum ETFs, the market has been de-risked, paving the way for unprecedented growth. 

Read on as Pal breaks down his projections, including a $1 million Bitcoin by 2030 and $10,000 Ethereum.

Raoul Pal’s Unwavering Bullish Stance

Pal predicts that crypto, especially Bitcoin, will continue to grow exponentially. Using a logarithmic chart, Pal suggested that Bitcoin could reach over $200,000 per coin soon and potentially hit $1 million by the end of the bull market. He also expected Ethereum and Solana to rise significantly. 

Pal’s Outlook on Ethereum

Compared with Bitcoin, Pal addresses Ethereum’s potential, particularly its utility beyond being a store of value. While acknowledging Bitcoin’s dominance, he highlights Ethereum’s role in facilitating smart contracts and decentralized finance (DeFi) applications. Pal suggests that Ethereum’s growth trajectory may not be as steep as Bitcoin’s but remains significant, potentially reaching a price target of $10,000 per token. 

Key factors building the momentum

Pal highlights two significant drivers boosting the crypto industry forward. Firstly, the approvals of Bitcoin and ETH ETFs, coupled with relaxed crypto regulations, have fueled increased demand, with ETF preorders hinting at a potential influx of $1 to $2 billion.

Secondly, he anticipates a substantial expansion in the broader crypto market, projecting a surge from the current $2.5 trillion valuation to potentially $10 trillion or even $100 trillion. This chart shows that there will be the fastest and the most substantial wealth accumulations in history, outpacing traditional asset classes like equities. 

Pal’s Investment Strategy

In the current market scenario, he advises selling crypto in 2024-2025, suggesting monitoring market indicators for the right time to sell during peaks to safeguard profits. He said established positions and institutional adoption are key considerations for Bitcoin and Ethereum. However, emerging cryptos like Solana require careful evaluation due to volatility. Diversifying portfolios and awareness of market trends are crucial for successful exits.

Though it’s too early to predict the next crypto bull run, one thing is sure: according to market indicators, BTC, ETH, and SOL will be the top contenders.