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.

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

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Kaspa

$ 0.114556

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XDC Network

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Arweave

$ 36.031965

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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

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.

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 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.

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.

The post SOL Price At 50% Fibonacci Eyes A 90% Comeback! appeared first on Coinpedia Fintech News

As the top altcoins spiral into a bearish or indecisive Whirpool, the SOL price resists intense corrections beyond $130. With a solid support trendline at play and crucial support levels, Solana is close to a bullish pivot.

However, the constant rise in supply pressure warns of a major drawback, potentially fracturing the ascending line. Will the supply pressure resist Solana reaching the $500 mark in 2024? Find out more in our SOL price prediction. 

Will SOL Price Reverse From $135?

With the recent reversal from the support trendline failing to sustain above the psychological mark of $150, the SOL price reverts to the $135 support level. As it aligns with the 50% Fibonacci level and the support trendline, the chances of reversal are high for Solana. 

TradingView

Further, as the higher high formation continues, the sideline traders anticipate another bullish surge, crossing $150. However, the recent correction wave threatens to fracture the trendline as the lower price rejection signals are not visible in the 1D chart. 

Currently, the SOL price trades at $136.41 with an intraday fall of 1.14%, creating another bearish candle. With the intraday fall, the chances of reversal are limited. 

Technical Indicators:

MACD Indicator: The MACD and signal lines are converged in the negative territory, hinting at a potential positive crossover. Yet, this drop could lead to a prolonged negative trend in SOL price.

RSI: The daily RSI line shows a bullish reversal from the oversold zone and teases an uptrend. With an uptrend in motion, the momentum indicator bolsters the possibility of a bull run.

Will Solana Hit $500?

As the pullback phase for Solana prolongs with increased intensity, the downtrend threatens a drop to $100. However, with the strong support of $135 and multiple bullish catalysts in the equation, the chances of a bull run are minimal but solid. 

If the SOL price reverses to cross the 61.80% Fib level and the milestone of $200, the altcoin will aim for a new 52W high. Considering that the uptrend has regained momentum, the Solana market value can cross $500 by the end of this year. 

The post Meme Coins Price Analysis: Upcycles For DOGE, PEPE, SHIB? appeared first on Coinpedia Fintech News

With a broader market slowdown, the meme coins are struggling to pull off any major recovery moves. As any signs of recovery in the market face a quick rise in supply due to profit booking, a healthy correction might now be carcinogenically bearish. 

Let’s look at the price analysis of top meme coins for a more decisive analysis. And, find out if the meme coins will register a jump this week. 

Breakdown Looms Over The #1 Meme Coin 

Under a market-wide slowdown, the biggest meme coin, DOGE price, is experiencing a regular supply rise. This leads to a resistance trendline and a strong secondary bearish wave within a falling channel. 

Tradingview

As the sellers examine the bullish dominance at the critical support zone at $0.1430, the breakdown chances are growing stronger. However, an optimistic eye hopes for a bullish reversal with a double bottom as the 4H RSI line shows a bullish divergence. 

If the bullish momentum spikes at the support zone, the DOGE price could challenge the $0.185 mark or the 50% trend-based Fibonacci level. On the flip side, a downfall under $0.1430 will test the $0.1288 level. 

Shiba Inu Trapped In A Triangle

Following Dogecoin, Shiba Inu holds the second most dominant position in the meme coins sector. With a market cap of $14.80 billion, the SHIB price has decreased by 22% in the last seven days. 

TradingView

Currently, the meme coin tests the support trendline of a triangle pattern in the 1D chart with a streak of 4 bearish candles. However, the low-range candles approaching the support trendline with declining volumes increase the chances of a bullish reversal. 

If the reversal rally leads to a bullish breakout, the SHIB price could hit the $0.00004382 mark. On the downside, a breakdown might retest the $0.00001833. 

Post-Retest Struggles For PEPE

With a quick 21% recovery last week, PEPE comes as a dark horse in the meme coins sector. As it breaks above the resistance trendline, the frog-themed coin struggles for a post-retest surge. 

TradingView

Failing to surpass the 50% Fibonacci level at $0.000007662 and the $0.0000080 resistance zone, PEPE shows an intraday drop of 4.19%. Considering a bullish reversal in the top meme coins provides additional momentum to PEPE, a jump beyond $0.0000080 is possible. 

In such a case, the uptrend could hit the $0.000010 mark. 

The post Bitcoin (BTC), Ethereum (ETH) and Solana(SOL) Price Prediction For This Week appeared first on Coinpedia Fintech News

As a new week unfolds, fresh candlesticks ignite the ongoing scrutiny of Bitcoin’s price trajectory. Cryptocurrency analyst Crypto World has brought attention to major price shifts in Bitcoin and Ethereum, offering details into pivotal levels and emerging market signals.

Starting with Bitcoin, Crypto World explained the importance of a recent retest of a crucial support level in the short term. Bitcoin’s price is currently hovering within a range, with support around $61,000 to $62,000 and resistance between $65,000 and $66,000. Notably, Bitcoin is experiencing a lack of momentum, indicating a sideways trend.

Impact of ETF Outflows on Bitcoin

Regarding the impact of Bitcoin ETFs on market dynamics, Crypto World discussed significant net outflows from these ETFs over three consecutive days, totaling approximately $421.8 million. These outflows are considered bearish as they involve selling spot Bitcoin to gather US dollars, potentially influencing short-term price action.

Technical analysis revealed a short-term bearish pattern, a rising wedge, which previously indicated a price target of around $62,500. Bitcoin recently reached this target, and it is encountering support of around $62,000. However, a break below $62,500 could lead to further downside towards $60,000.

On the positive side, a potential bullish divergence pattern emerged in the 2-hour timeframe, suggesting reduced bearish momentum. If confirmed, this pattern could lead to short-term bullish relief.

Potential for Breakthroughs For Ethereum and Solana

In Ethereum’s analysis, Crypto World hinted at the retesting of a critical resistance level around $3,350. Ethereum’s price is currently consolidating within a range, with support at $3,100 and resistance between $3,250 and $3,300. A breakout above $3,250–$3,300 could signal further upside towards $3,590, supported by a potential cup and handle pattern.

Solana’s price analysis also revealed a sideways trend within a range, with support around $120 to $128 and resistance between $150 to $155. Solana’s short-term momentum remains neutral until a breakout occurs.

The post How Long Will Bitcoin’s Reaccumulation Phase Last? appeared first on Coinpedia Fintech News

In a recent analysis, cryptocurrency analyst Rekt Capital delved into Bitcoin’s current market dynamics, shedding light on what could be an extended reaccumulation phase following the latest halving event. The analyst stressed that Bitcoin has transitioned from its pre-halving retracement phase into a reaccumulation period. This phase, characterized by sideways consolidation, is crucial for setting the stage for the next upward rally in Bitcoin’s price.

Rekt Capital revealed key support and resistance levels, indicating that Bitcoin is currently consolidating within a range with approximately $70,000 as the upper resistance and $66,000 as the lower support.

Drawing comparisons to historical patterns, the analyst referenced the reaccumulation ranges observed after the 2020 and 2016 halving events. In 2020, it took 160 days for Bitcoin to move from the halving event to a breakout, while in 2016, a similar range lasted 154 days.

Considering these historical precedents, Rekt Capital speculated that the ongoing reaccumulation phase could last up to 150 days or even longer, possibly stretching into late September or early October. The analyst suggested that a reaccumulation period of over 200 days might be ideal for Bitcoin’s market cycle to realign with historical norms and mitigate the accelerated pace witnessed in the pre-halving period.

Furthermore, Rekt Capital explained the importance of Bitcoin experiencing a period of underperformance followed by overperformance, highlighting the need for the current reaccumulation phase to balance out the rapid acceleration seen before the halving.

The analysis concluded with a call for caution and patience, noting that while Bitcoin had achieved remarkable milestones in the pre-halving period, a similarly significant feat might be required post-halving to synchronize with historical trends. The analyst suggested that an extended reaccumulation phase could catalyze achieving this equilibrium, potentially leading to a more sustainable bull market trajectory.

The post Bitcoin (BTC) Price Might Drop Below $50K Level: Here’s Why appeared first on Coinpedia Fintech News

Cryptocurrency analyst Dylan took to the channel Crypto Banter and opened up about Bitcoin, which is trading above the $62k level, which according to him is a positive sign after a tough week. There’s also excitement about Ethereum’s strength and potential moves in its ecosystem. He reminded viewers to stay engaged because a lot is happening, including news about a Hong Kong ETF. 

When it comes to Bitcoin’s current situation, he pointed out key price levels to watch, like $62,400 and $61,200 for support and $65,000 for resistance. He cautioned about the possibility of Bitcoin dropping to $59,000 but also mentioned opportunities if the market turns bullish.

The analyst pointed out that Bitcoin faces a significant hurdle around $66,800, marked by the 618 level, the 50-day moving average, and horizontal resistance. Breaking through this zone would be challenging and could attract bearish interest. 

He stressed that we’re currently on a downward trend, advising caution until we see a change. Reiterating a key area he mentioned last week, around $48k, he sees it as a strong buying opportunity if prices drop. Responding to a viewer’s comment about May’s market trends, he noted the importance of staying prepared. On the chart, he pointed out potential bounce zones near $60k and $50-$52k, warning of increased fear if prices dip to the latter range. 

Looking ahead, he outlined key events for the week, including consumer confidence, job data, and the Fed interest rate decision, all of which could impact the market. At the time of writing, Bitcoin is trading at $62,400, down by more than two percent in the last 24 hours.

The post Bitcoin, Ethereum and XRP Price Prediction: Bullish Crypto Week? appeared first on Coinpedia Fintech News

With a mediocre performance by Bitcoin and major altcoins like Ethereum and XRP days after Bitcoin Halving, the crypto market is under stress. After experiencing a short but intense FUD sell-off wave, the top coins are close to a bullish pivot. 

However, as the prominent market gurus expect the rate cuts delayed to December, the uptrend could struggle to gain momentum. Nevertheless, the price action displays promising support levels known for strong bullish reversals. 

So, will the crypto market take a bullish turnaround as bulls desire a comeback this week?  

Let’s find out more in our BTC, ETH, and XRP price analysis.

Will The Biggest Crypto Make a Comeback?

Last week’s bearish move caused BTC’s valuation to drop by 2.85%. The correction led to a support trendline breakdown. With this, the crypto warns of a retest of the $60,000 support zone. 

Tradingview

Despite multiple bouncebacks from the $60,000 psychological zone, the recent increase in supply warns of a breakdown. Currently, the biggest crypto sustains the flag pattern position in the 1D chart, keeping the hopes alive of HODLers. 

Further, the MACD lines are intertwined and falling, but the daily RSI shows a bullish divergence. This divergence increases the possibility of a double-bottom reversal. 

If the buyers manage another comeback, the BTC price could shoot to $68,283 or the 23.60% trend-based Fib level. 

Will Ethereum Reach $4,000?

Despite the weakness in Bitcoin, the second biggest crypto, Ethereum, managed to regain a 3.64% valuation. The recovery marks a bull cycle within a triangle pattern in the 1D chart. 

Tradingview

Currently, the positive cycle takes resistance from the overhead trendline and an evening star looms. As the ETH price fluctuates near the 50% Fibonacci level, the volatile move keeps the crypto balanced on the knife’s end. 

A breakout rally powered by the broader market recovery could spring the ETH price to the $4,093 peak. However, a downfall under the support trendline will test the 78.60% Fib level at $2,618. 

Will XRP Price Reversal Be Successful?

With a massive consolidation range, Ripple’s native token, XRP, fails to give any meaningful bullish last week. As the altcoin drops by 2.76%, it reverts to the psychological mark of $0.50. With this drop, the sellers could soon test the $0.46 support zone. 

Tradingview

With the correction wave, the XRP price is headed for a potential double bottom. The daily RSI line projects a bullish divergence and bolsters the upcycle chances. 

With a rise in demand, the crypto could hit the $0.74 ceiling, with heightened chances of a breakout. 

What’s Next For The Crypto Market?

Following the bearish week, the chances of recovery are improving for the broader market. However, as Bitcoin and altcoins are close to crucial support levels, sideline traders can find bullish entry opportunities. 

Further, the breakout chances bolster the possibility of an uptrend and the crypto market recovery. 

The post Ethereum (ETH) Battles Momentum Woes, Shiba Inu (SHIB) Gears Up for May 2nd Hard Fork, While Furrever Token (FURR) Sees Hype Surge in Presale appeared first on Coinpedia Fintech News

Amidst the turbulent waters of the crypto markets, Ethereum (ETH), Shiba Inu (SHIB), and Furrever Token (FURR) each navigate their own challenges and opportunities. Ethereum (ETH) grapples with momentum woes, while Shiba Inu (SHIB) prepares for a pivotal hard fork on May 2nd. However, amidst this volatility, Furrever Token (FURR) presents a compelling proposition to investors, boasting the potential for highly lucrative 15X returns. As these digital assets traverse the rough seas of the cryptocurrency world, investors remain intrigued by the unfolding stories and possibilities within this dynamic landscape.

Ethereum (ETH) Faces Regulatory Challenges Amidst Price Consolidation

Ether finds itself confined between $3,209 and $3,056, with dwindling hopes for a Spot Ether ETF approval casting shadows on risk appetite leading up to May 23rd. Moreover, the expanded regulatory war waged by the SEC within the Ethereum ecosystem validates investors’ hesitations. An optimistic scenario for ETH targets $3,436 upon closures above the 20-day Exponential Moving Average (EMA), with subsequent aims at $3,679 and beyond $4,000. For bears, closures below $3,056 could trigger declines towards $2,852 and $2,700, with the anticipated rejection decision in May likely favoring bearish pressure. The ongoing battle between the SEC and the Ethereum community doesn’t appear to be resolving swiftly. 

The regulatory agency’s investigation into ties between the Ethereum Foundation and crypto companies leaves intentions ambiguous. Days where Ethereum, via the Foundation, faces allegations of centralization and consequent securities labeling might not be far off. Amidst these challenges, Ethereum trades at approximately $3,147.84, marking a 1.5% increase since yesterday, adding complexity to its already intricate narrative.

Shiba Inu (SHIB) Readies for Shibarium Upgrade Amidst Price Fluctuations

Shiba Inu (SHIB) faces a 3.15% decline, trading at approximately $0.00002437, as investors await the Shibarium upgrade slated for May 2nd. The official announcement underscores the significance of the update in streamlining user interaction with the Ethereum-based layer-2 scaling platform. Promising faster block processing and predictable transaction fees, the update aims to address concerns regarding Shibarium’s unstable performance since launch.

While the community welcomes the upgrade, dissatisfaction lingers over the manual burn mechanism for SHIB. Despite a 2.5% increase in the past 24 hours to $0.0000255, some investors believe an automated burning mechanism could positively impact SHIB’s price by reducing its supply. Amidst these sentiments, investors explore new meme coins, reflecting the ongoing evolution within the crypto landscape.

Investors Turn to Furrever Token (FURR) Amidst Disappointing Performances of ETH and SHIB

As Ethereum (ETH) and Shiba Inu (SHIB) struggle with price fluctuations and regulatory challenges, investors are increasingly turning their attention to Furrever Token (FURR) for potentially better returns and a more engaging experience. FURR, with its unique approach centered around cute cat imagery and a vibrant community, presents a refreshing alternative amidst the unsatisfactory performances of ETH and SHIB.

Furrever Token (FURR) offers investors a whimsical and enjoyable experience unlike traditional cryptocurrency projects. With its mission to infuse the crypto space with an irresistible dose of cuteness, FURR provides users with a unique platform where they can engage with adorable cat-themed stickers, emojis, and visuals. This light-hearted approach resonates with investors seeking a break from the serious tone of ETH and SHIB, leading to a surge in interest in FURR.

Moreover, Furrever Token (FURR) boasts a strong community-driven ethos, with active admins and moderators on its official Telegram channel, ensuring a positive and supportive environment for all members. The project has raised over $1 million in just two months, demonstrating significant investor confidence and interest in its vision. The presale stages of FURR offer investors the opportunity to participate in the project’s growth, with up to 15X returns promised after its launch.

With its official website furrevertoken.com and dedicated support email, support@furrevertoken.com, Furrever Token (FURR) provides investors with easy access to information and assistance. The current price of FURR is $0.000648, with expectations for it to rise further as investors seek refuge from the underwhelming performances of ETH and SHIB. As ETH and SHIB investors flock towards FURR, the project continues to gain momentum, positioning itself as a promising contender in the competitive crypto landscape.Discover the Most Exclusive Presale Opportunity of 2024 Now:Furrever Token Official Website  Visit Furrever Token Presale Join Official Telegram Group      Follow Official X Account

The post Next Hot Crypto: TON and ADA Bulls Rally Around Raboo Crypto Presale for Future Gains appeared first on Coinpedia Fintech News

Get ready for the next hot crypto sensation! Toncoin and Cardano bulls are buzzing with excitement as they rally around Raboo’s upcoming crypto presale. With the current presale price of just $0.0036, Raboo is tipped to surge a whopping 100x in 2024, driving the $62 billion meme market to new heights. Get ahead of the curve and discover the potential for future gains!

Toncoin (TON): Exploring the dynamic features 

TON, short for “Telegram Open Network,” emerges as a groundbreaking cryptocurrency with several standout features. Toncoin’s scalability is unparalleled. It can handle millions of transactions per second, ensuring seamless user experiences even during peak demand. It boasts an innovative proof-of-stake consensus mechanism, enhancing security and efficiency while reducing energy consumption compared to traditional proof-of-work systems.

Additionally, Toncoin’s smart contract capabilities are robust, facilitating a wide range of decentralized applications (dApps) across various industries, from finance to gaming. Notably, its integration with the Telegram messaging app offers unparalleled accessibility, potentially introducing millions of users to the world of cryptocurrency. Toncoin’s decentralized nature ensures censorship resistance and immutability, safeguarding user assets and data from third-party interference.

Cardano (ADA): Unveiling the powerhouse 

Cardano (ADA) stands out in the cryptocurrency landscape with its innovative features and robust ecosystem. Its blockchain is built upon peer-reviewed academic research, ensuring reliability and security. Cardano employs a unique layered architecture, separating the settlement and computation layers to enhance scalability and flexibility. This design enables seamless upgrades and improvements without disrupting the network. 

Cardano’s proof-of-stake consensus mechanism, Ouroboros, is energy-efficient and decentralized, ensuring fair participation and security. Additionally, Cardano’s treasury system empowers the community to govern and fund development initiatives democratically. 

Most importantly, Cardano prioritizes interoperability, aiming to connect with other blockchains and legacy systems, fostering a truly inclusive and interconnected financial ecosystem. In summary, Cardano embodies innovation, security, scalability, and inclusivity in the world of blockchain technology.

Raboo (RABT): TON and ADA bulls rally around crypto presale

TON and ADA bulls are flocking to the Raboo crypto presale for its promising future gains, fueled by several key factors. Firstly, Raboo ensures reliability and security with its fully audited contract on the Ethereum blockchain, reassuring investors of the project’s legitimacy.

The integration of social-fi and artificial intelligence elements creates a unique platform for meme enthusiasts to engage in fun-filled activities, fostering a strong community. Exciting crypto prize draws and giveaways further incentivize participation, driving community engagement and excitement. 

Additionally, Raboo’s partnership with platforms and influencers underscores its growing popularity and potential. With over 4,000 registered members and 1,400 token holders already onboard, Raboo’s unique tokenomics framework promises an epic adventure through meme culture, empowering investors with opportunities for long-term gains and collaboration.

Conclusion

Poised for a massive rally, Raboo’s crypto presale garners interest from TON and ADA enthusiasts eyeing future profits. With an attractive presale price, Raboo anticipates a substantial increase in 2024, sparking investor excitement. Raboo’s presale has already raised almost a million dollars in less than a month.Backed by a fully vetted Ethereum contract, Raboo incorporates social-fi and AI features, enriching community engagement. Investors are flocking to get in at Raboo’s current low crypto presale price.You can participate in the Raboo presale here.

The post How to Stake ETH by StakingFarm: The Ultimate Guide appeared first on Coinpedia Fintech News

Introduction

In the evolving world of cryptocurrencies, staking emerges as a pivotal activity for those looking to contribute to blockchain security while earning rewards. Staking involves holding funds in a cryptocurrency wallet to support the operations and security of a blockchain network. As Ethereum transitions to a proof-of-stake (PoS) mechanism with its Ethereum 2.0 upgrade, staking has gained even more significance, providing Ethereum holders an opportunity to earn rewards in exchange for their participation in network security.

StakingFarm offers a seamless entry into the realm of Ethereum staking, tailored for both novices and seasoned crypto enthusiasts. Our platform simplifies the staking process, eliminating the need for significant technical knowledge or substantial upfront investments. With StakingFarm, users can stake ETH and reap consistent rewards, leveraging our advanced infrastructure and user-friendly interface.

What is Staking?

Staking is a process that allows cryptocurrency holders to earn rewards on their holdings by participating in the network’s consensus mechanism. It is akin to earning interest in a traditional bank savings account but within the blockchain ecosystem. When you stake your cryptocurrencies, you are essentially locking up your tokens to be used by the network to validate transactions and maintain security. In return for contributing to network health, stakers receive rewards, typically in the form of additional tokens.

For Ethereum, staking is particularly critical. As the network transitions from proof-of-work (PoW) to proof-of-stake (PoS) with its Ethereum 2.0 update, staking will replace mining, drastically reducing energy consumption and improving scalability. Stakers will play a direct role in securing the network, validating transactions, and ensuring the integrity of the Ethereum blockchain.

Why Choose StakingFarm for ETH Staking?

StakingFarm stands out as a premier platform for ETH staking due to several distinct advantages:

1. sign up and get $50:StakingFarm Offers a 50$ welcome bonus and the ability to use it to purchase a free plan, free live profit.

2. Accessibility: Unlike traditional staking requirements, which may require substantial initial deposits (like the 32 ETH needed to become a full validator on the Ethereum network), StakingFarm lowers the entry barrier, making it feasible for anyone to start staking with much smaller amounts.

3. Daily Rewards: StakingFarm offers daily payouts, allowing stakers to see real-time returns on their investments, which is not commonly found on other staking platforms that might offer less frequent reward distributions.

4. Simplicity: StakingFarm handles all the complexities behind the scenes. From selecting the right validators to managing the technical operations, StakingFarm makes it as easy as depositing your ETH and watching your earnings grow.

5. Security: Recognizing the importance of asset safety, we partner with top regulated entities and implement strict security measures to ensure that your investments are protected at all levels of operation.

6. Community and Support: Our round-the-clock customer support ensures that any queries or issues are promptly addressed, providing a smooth staking experience for all users.

By choosing StakingFarm for ETH staking, you are not just investing in Ethereum; you are also joining a platform that is committed to maximizing your yields and ensuring a hassle-free staking process. Whether you are a beginner looking to make your first staking investment or an experienced holder seeking efficient and secure staking services, StakingFarm is equipped to meet your needs.

Getting Started with StakingFarm

Starting your staking journey with StakingFarm is straightforward and designed with user convenience in mind. Here’s how you can get set up:

Step 1: Create an Account

a) Sign Up: Visit the StakingFarm website and click on the “Sign Up” button. You’ll be prompted to enter your email, create a password, and verify your email address through a confirmation link sent to your inbox.

Step 2: Navigate the Platform

a) Dashboard Overview: Once logged in, familiarize yourself with the dashboard. Here, you can view your wallet balance, active staking contracts, and detailed reports of your earnings.

b) Support and Resources: Take advantage of educational resources and tutorials available on the site to better understand the staking process and features offered.

How to Stake Crypto on StakingFarm

With your account ready and wallet funded, you’re set to begin staking. Follow these steps to stake your ETH:

Step 1: Select Your Staking Plan

a) Choose a Plan: Browse through the available staking contracts and select one that aligns with your investment goals. Each plan details the staking duration, expected daily rewards, and minimum deposit requirements.

Step 2: Choose your plan

a) Deposit crypto: Enter the amount of crypto you wish to stake in the selected plan and confirm the transaction. Make sure to review the staking terms and conditions.

b) Confirmation and Activation: Once the deposit is confirmed, your staking begins automatically. You can track the status of your staked ETH and the accruing rewards directly from your dashboard.

Rewards and Bonuses

StakingFarm offers a variety of rewards and bonuses to make staking ETH not only rewarding but also exciting. Below is a table detailing the reward structure:

Feature Details Daily Rewards Earn daily payouts based on the amount of ETH staked. Trial Credits Receive $50 in trial credits upon registration. Referral Bonus Earn a 5% commission for every friend you refer. Additional Bonuses Occasional promotional bonuses for active participants.

Conclusion

As we wrap up this comprehensive guide, it’s clear that StakingFarm offers a robust platform for ETH staking, providing not only a user-friendly interface and daily rewards but also ensuring the security and flexibility needed to cater to both novice and experienced investors. By choosing StakingFarm, you are engaging with a trusted partner in the cryptocurrency staking arena, dedicated to maximizing your yield and simplifying the staking process.

We encourage you to take the first step towards earning passive income through ETH staking by signing up and participating in one of our tailored staking plans. Whether you are looking to stake small amounts or large, for short periods or long, StakingFarm is equipped to meet your needs and help you achieve your financial goals in the evolving world of blockchain technology.

The post Whales on Buying Frenzy for Ripple (XRP), Shiba Inu (SHIB), and NuggetRush (NUGX) Ahead of Potential Breakout Rallies appeared first on Coinpedia Fintech News

TLDR:

Whales have snapped up over 31 million XRP coins in anticipation of a big price jump.

A new SHIB whale address has amassed over 237 billion tokens in anticipation of a price surge.

Whales have accumulated over 270 million NuggetRush tokens ahead of a rally to $1.

With the altcoins recovering from the recent crypto crash, there has been an increase in whale activity across the market. The three top altcoins currently experiencing a whale-buying frenzy are Shiba Inu (SHIB), Ripple (XRP), and NuggetRush (NUGX). The rise in whale activity is a pointer to the growing bullish sentiment around these coins.

Big Events Could Spark a NuggetRush (NUGX) Rally To $1

NuggetRush (NUGX) is a new free-to-play, skill-based game gaining massive traction in the GameFi space. The massive surge of interest from P2E gamers helped NuggetRush raise over $3.8 million during its blockchain ICO phase. Whales have also snapped up over 270 million NUGX tokens in anticipation of a big price jump.

While the recent Bitcoin halving adds to the bullish sentiment of NuggetRush, the NUGX tokens were recently listed on Uniswap at $0.020 and airdropped to users. These events and the exciting artisanal mining game of NuggetRush contribute to why whales expect the NUGX ERC20 coins to experience a rally to $1.00 before the end of the year.

The NuggetRush game gained popularity for its profitability via in-game rewards, challenges, NFT staking opportunities, and enhanced user engagement. These features make NUGX one of the top gaming tokens to buy. The hype from P2E gamers about NuggetRush is because of its potential to allow players to generate a steady stream of passive income. 

In addition to its gaming rewards, NuggetRush allows players to create and sell popular NFTs on its dynamic marketplace. There’s an even more special NFT collection that can be earned via the gameplay, RUSHGEM. Holders of these NFTs can convert them to real gold or stake them for APYs of up to 20%, making NuggetRush one of the most attractive new DeFi projects.

Ripple (XRP) Whales on a Buying Spree, Expect Price Rally

In the recent crypto crash, the price of Ripple (XRP) tumbled from $0.62 to as low as $0.43. Amidst this decline, the popular analyst Ali Martinez has reported that over 31 million XRP was bought by whales in just the past week alone.

The surge in whale activity highlights the growing bullish sentiment around Ripple. Already, the altcoin price has increased by 14% in the last week to recover above $0.550. Likes these whales accumulating XRP coins; several analysts, including Martinez, are bullish that Ripple could cross $1.00 in the coming weeks. 

Shiba Inu Breaks Symmetrical Triangle: Whale Amasses 237B SHIB

In a notable bullish development, the price of Shiba Inu (SHIB) has broken above a multi-week symmetrical triangle pattern. This breakout could make Shiba Inu one of the top bullish memecoins, as it suggests SHIB could rally from its current range at $0.00002700 to as high as $0.0000500. With this price swing looming, whales are currently on a SHIB buying spree.

Data from Etherscan shows that a new wallet address added more than 237 billion Shiba Inu tokens to their portfolio in anticipation of a price surge. CryptoQuant has also reported that the SHIB exchange reserve has dropped to 150.7 trillion, suggesting investors are bracing for a potential rally.

In a Nutshell

The recent activity of whales around Shiba Inu, Ripple, and NuggetRush suggests that these altcoins are gearing up for a big price move. While all three are expected to record significant gains, NuggetRush’s reputation as the next big thing in GameFi means NUGX is the best new crypto to invest in now.

Visit the NuggetRush Website

The post Picking the Purr-fect Meme Coin for 2024: Dogecoin (DOGE), Shiba Inu (SHIB) or Furrever Token (FURR)? appeared first on Coinpedia Fintech News

Amidst a recent decline in the meme coin market, both Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced setbacks, slipping 1.5% and 3.5%, respectively. This downturn has prompted investors to reassess their positions, seeking alternative opportunities in the crypto landscape. In this shifting landscape, Furrever Token (FURR) emerges as a new favorite among investors, offering a fresh and promising alternative amidst the inconsistencies of DOGE and SHIB performances.

Dogecoin (DOGE) Faces Headwinds Amidst Market Turbulence

Amidst a broader market downturn of 5%, Dogecoin (DOGE) is down by 1.5%, currently priced at $0.1462. While showing a weekly increase of 1.8%, its two-week and monthly charts indicate losses of 25% and 20%, respectively. Concerns arise as DOGE’s price movements mirror a significant chart formation and the head and shoulders pattern, raising apprehensions for Bitcoin as well. If completed, this formation typically signals a reversal of the upward trend, potentially leading to a decline to around $0.12. However, oversold conditions suggest a possible bottoming-out before the formation completes. 

Current analysis suggests DOGE is nearing a potential recovery point, with the Relative Strength Index (RSI) showing signs of upward movement from oversold territory. Additionally, the narrowing gap between the 30-day and 200-day moving averages hints at a potential trend reversal in the near future. With low trading volume persisting, DOGE remains vulnerable to short-term volatility and potential downturns. Technical indicators, alongside approaching resistance and support levels, suggest the possibility of a significant price movement. Observations of whales transferring DOGE to trading platforms hint at nearing completion of the pattern. 

Amidst external factors such as legal developments involving Binance founder Changpeng Zhao and Terra Labs, market sentiment remains sensitive, potentially impacting DOGE’s price movements. As market conditions stabilize in the coming weeks and months, DOGE’s potential for recovery may increase, with forecasts suggesting targets of $0.2 by the end of summer and $0.5 by year-end.

Shiba Inu’s (SHIB)’s Having a bit of a Turbulent Journey

Shiba Inu (SHIB) faces a challenging path, currently priced at $0.00002446, marking a 3.5% decline from yesterday. Since reaching its all-time high of $0.00008616 in October 2021, SHIB has plummeted by approximately 71%. Despite a weekly increase of 14.3%, daily, 14-day, and monthly charts depict declines of 7.6%, 9.3%, and 13.8%, respectively. Nonetheless, there’s optimism for a potential return to its peak soon. CoinCodex forecasts SHIB to reach $0.00008813 by May 23, 2024, indicating a potential growth of around 251%. Similarly, Changelly predicts a rise to $0.00008739 by May 22, 2024. Should SHIB maintain stability around $0.00008, the possibility of removing a zero after the decimal point looms, promising growth of approximately 298% to reach $0.0001. However, the journey to $0.0001 faces significant hurdles, notably its massive circulating supply of around 589 trillion coins. To avoid unrealistic market capitalization, SHIB’s team is reportedly working on a new burning mechanism to reduce supply. If successful, SHIB could achieve $0.0001 much sooner than anticipated.

Introducing Furrever Token: Revolutionizing the Crypto Space with Cuteness

Furrever Token (FURR) has emerged as a beacon of hope for investors disillusioned with the declining performance of meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). While SHIB and DOGE struggle to maintain their momentum, FURR offers a fresh and enticing alternative in the crypto space.

Unlike traditional meme coins, FURR injects a dose of cuteness into the crypto world, revolutionizing the industry with its charming approach. With a mission to provide users with a delightful experience centered around adorable kitties, FURR goes beyond the mundane use cases of cryptocurrencies, fostering a sense of community and shared joy among its investors.

With its unique concept and engaging ecosystem, FURR has garnered significant attention and investment in a short period. Having already raised over $1 million in just two months and currently in stage 8 of its presale (out of 10 stages), FURR is on track to become a significant player in the crypto market.

Investors are drawn to FURR not only for its charming appeal but also for its promising returns. With up to 15X returns on offer and a current price of $0.000648, FURR presents an attractive investment opportunity for those seeking substantial gains.

Moreover, FURR prioritizes security and compliance, ensuring a safe and enjoyable experience for all users. The platform undergoes regular audits, and safety measures are implemented to safeguard investor interests.

While the team behind FURR remains anonymous, their commitment to project longevity is evident. Tokens are locked for a year, and the project is driven by organic community growth, with early members serving as moderators on the active Telegram channel.

In summary, Furrever Token represents a breath of fresh air in the crypto space, offering investors a delightful and potentially lucrative alternative to traditional meme coins like SHIB and DOGE. With its unique concept, promising returns, and commitment to security, FURR is poised for success in the ever-evolving world of cryptocurrencies.Discover the Most Exclusive Presale Opportunity of 2024 Now:Furrever Token Official Website  Visit Furrever Token Presale Join Official Telegram Group      Follow Official X Account

The post Top 5 Altcoins to Stack in May for 10x Profits appeared first on Coinpedia Fintech News

Almost halfway down in 2024, the major bullish catalysts, like the launch of Bitcoin Spot ETFs and the Bitcoin Halving, have played out. With the latter failing to boost the crypto market, Bitcoin and the altcoins are at a pivotal stage. 

Despite the downside risk, certain altcoins pose a bullish setup with an upside potential of 5x growth. Will the highly anticipated bullish turnaround lead to a boost in altcoins in May? 

With the increased volatility, predictions are hard, but here are our top 5 altcoins to stack in May for at least 5x growth. 

Baby Doge Coin (BABYDOGE)

Being an underrated low-cap meme coin, the Baby Doge Coin shows immense underlying potential for a bull run. Despite the recent drop of more than 60% within five weeks, the BABYDOGE price action finds a reversal spot. 

The bullish revival comes as a post-retest reversal of a long coming resistance trendline breakout. 

Tradingview

With a potential morning star pattern under construction, the altcoin could shortly give a massive bull run. As per the Fibonacci levels, the BABYDOGE could surge to the $0.0000000053 mark. 

Golem Network (GLM)

With a massive jump of 41% today, the GLM price trend shows a resistance trendline breakout entry opportunity. As the altcoin sustains a positive trend in 2024, the upcoming month could be extremely bullish with the breakout rally. 

Tradingview

The MACD and signal lines give a positive crossover, supporting the bullish prospect and reflecting an immense rise in the underlying demand. After surpassing the psychological mark of $0.50, the uptrend is heading towards the $1 milestone. 

Considering the momentum of the broader market gains, the breakout rally in GLM could hit $5. 

Guild of Guardians (GOG)

As the first gaming token on our list, the Guild of Guardians is experiencing a constant rise in the number of users. The GOG token price shows a similar rise in the market value, as it maintains a rising channel. 

Tradingview

The buyers are dominant, with a positive crossover in the MACD indicator and a 46% rise in the last two days. As per the trend-based Fibonacci levels, the GOG price could break the rising channel to $0.60. 

On a more optimistic approach, if the uptrend surpasses the $1 peak, the breakout rally could easily top the $3 mark. 

HighStreet (HIGH)

As a Solana-based token, another gaming token, Highstreet, shows bull run potential in May 2024. Moreover, with a rounding bottom reversal in the daily chart, the HIGH token price is heading for the $4 breakout. 

Tradingview

The breakout rally will surpass a critical supply zone and mark a double-bottom reversal. Further, if the broader market sentiment improves, the altcoin shows potential to hit the $20 peak, the launching price in 2021. 

Metaplex (MPLX)

Another Solana-based token, Metaplex, shows a bullish entry opportunity for massive gains in May. Further, with a support trendline at play, the uptrend continues and aims to hit the $0.50 psychological mark. 

Tradingview

Similar to most altcoins projecting trend reversal, the MACD indicator shows a positive crossover. With immense potential, the MPLX coin could hit the $1 mark in the coming weeks. Optimistically, the altcoin could hit the $2 mark by the end of May 2024.

The post Top 3 Cryptos Guaranteed To 10X Your Investment: Dogecoin (DOGE), Shiba Inu (SHIB), And ETFSwap (ETFS)  appeared first on Coinpedia Fintech News

Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are three distinct cryptocurrency investment avenues that investors are currently watching closely for potential bullish waves. 

With the crypto bull market fast approaching and market trends constantly changing, many investors are increasingly on the lookout for crypto assets that have the potential for exponential growth. 

ETFSwap (ETFS) stands as a major contender when compared to Dogecoin (DOGE) and Shiba Inu (SHIB) because it exposes users to the multi-trillion dollar ETF market. Additionally, unlike meme coins, ETFS tokens are not considerably influenced by social media trends and market volatility. 

Presently, investors are flocking to these cryptocurrency projects to 10x their investments. Dogecoin (DOGE) and Shiba Inu (SHIB) prices are steadily climbing despite market volatility, while the ETFSwap (ETFS) ecosystem is growing at an impressive rate.  

Crypto Analyst Predict Dogecoin (DOGE) Surge

A popular crypto analyst identified as ‘Altcoin Sherpa’ on X (formerly Twitter), has expressed optimism over Dogecoin’s (DOGE) future price performance in 2024. Lately, the cryptocurrency has been displaying bullish tendencies despite the general market sentiment regarding meme coins waning. 

According to the analyst, Dogecoin’s (DOGE) price fundamentals were displaying strength and resilience amidst the current market fluctuations. He revealed that the cryptocurrency was in a favorable position, showing promise of becoming a strong performer in the crypto market.  

Altcoin Sherpa has suggested that purchasing Dogecoin (DOGE) at a price between $0.12 and $0.14 would be a strategic move. He expressed confidence that the price of Dogecoin (DOGE) could witness significant growth within this price range. 

Moreover, the crypto analyst disclosed that Dogecoin (DOGE) had been trading sideways for the past two years. As such, the cryptocurrency was ripe for a potential bullish surge. Responding to the inquiries of a crypto community regarding the level of price increase Dogecoin could have, Altcoin Sherpa disclosed that the doggy-themed cryptocurrency could surge to $0.50 and above.

At the time of writing, the price of Dogecoin (DOGE) was trading at $0.15, reflecting a price increase of 3.74% over the past seven days, according to CoinMarketCap. 

Shiba Inu (SHIB) Whales Are On The Move Again 

After hitting a milestone of 1.4 million Shiba Inu (SHIB) holders on the Ethereum blockchain, the price of Shiba Inu (SHIB) dipped significantly following a massive sell-off by prominent whales. At the time of writing, the price of Shiba Inu (SHIB) is trading at $0.00002588, reflecting a decrease of 3.01%, according to CoinMarketCap. 

According to data from IntoTheBlock, there has been a noticeable uptick in the number of Shiba Inu (SHIB) transactions, with Shiba Inu (SHIB) transfers reaching a staggering $661.5 million. 

Earlier on April 19, transactions involving Shiba Inu surged to 6.36 trillion Shiba Inu (SHIB) tokens, valued at more than $144 million. Additionally, on April 22,  Shiba Inu (SHIB) transactions escalated further, totalling 3.19 trillion Shiba Inu (SHIB) tokens, worth about $82.49 million. 

Amidst the flurry of substantial Shiba Inu (SHIB) transactions, one wonders where these tokens are being redirected. Interestingly, it seems a few whales might be channeling funds from these Shiba Inu (SHIB) transfers into investments in other promising crypto projects like ETFSwap (ETFS). 

Within the dynamic crypto space, numerous whales have sold off popular cryptocurrencies to invest in upcoming tokens they anticipate will have a bullish outcome. 

ETFSwap (ETFS) Explosive Growth Trajectory Foretells Lucrative Future For Investors

Unlike Dogecoin (DOGE) Shiba Inu (SHIB), which often experiences significant price fluctuations driven by social media trends and market sentiment, ETFSwap (ETFS) derives its value from its strong position as one of the few ETF trading platforms within the tokenized market.

This platform is set to join the ranks of big financial players in the industry, such as BlackRock and Fidelity, by enabling users to buy and trade institutional ETFs. Furthermore, ETFSwap (ETFS) exposes traders to different sectors through ETFS, offering access to lucrative industries such as health, technology, energy and commodities. 

This platform is believed to have an explosive growth trajectory, as more than 25 million ETFS tokens have already been sold in the first stage of its presale. This massive demand for the tokens underscores investors’ interest and optimistic outlook for the innovative token. 

Additionally, ETFSwap’s native token, ETFS plays a central role in the platform’s ecosystem. Token holders are granted exclusive privileges, including governance rights, staking rewards, automatic rewards, low trading fees and yield generation. 

By harnessing the capabilities of blockchain technology, ETFSwap (ETFS) provides a secure, efficient and transparent trading environment for users all over the world. This platform has eliminated the need for KYC registration, ensuring that users can trade safely and conveniently without the interference of regulators or the government. 

Recent trends are currently indicating that ETFSwap’s (ETFS) growth trajectory is showing no signs of stopping, as investors are seeking lucrative opportunities that can only be found on this innovative platform. As a project with a growing community and ecosystem, investors can look forward to reaping potential gains by purchasing ETFS tokens at a price of $0.001854 during its ongoing presale. 

The value of each token is set to increase to $0.01831 during the second stage of the presale. Additionally, many investors are actively participating in this presale, as it is expected to end in the next 11 days. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The post BlackCard and BcCoin Experience Remarkable 4000% Value Surge Within 30 Days appeared first on Coinpedia Fintech News

The relentless hard work has finally paid off, leading to a highly successful debut in the market. BlackCard Credit Card is introducing the BcCoinToken. The AI technology enables you to effortlessly spend your cryptocurrency anywhere traditional debit cards are accepted. Say goodbye to limitations and embrace the freedom to use your digital assets for daily purchases, online shopping, and ATM withdrawals.  

With the BlackCard Crypto Credit Card you can enjoy the convenience of converting your cryptocurrencies into local currency at every checkout, No more hassle with complex transactions or conversions – just pure convenience at your fingertips. In addition to  global payments with its crypto credit card, BlackCard recently announced the release of the BcCoin Token.

Its recent surge in value is nothing short of remarkable, skyrocketing an impressive 4000 % from its initial price of 30 cents to an impressive $10.00 plus. This dramatic increase has captured the attention of investors and enthusiasts alike, .  

The creators behind this BcCoin project are thrilled to announce its imminent listing on 30 prominent cryptocurrency exchanges, with subsequent inclusion on the top 8 largest exchanges in the market. This strategic move marks a significant milestone in BcCoin’s journey towards wider accessibility and adoption within the digital asset ecosystem.

The decision to list on these 30 exchanges comes as part of BcCoin’s comprehensive strategy to enhance liquidity and broaden its investor base. By expanding its presence across multiple platforms, BcCoin aims to provide greater accessibility and convenience for traders and investors seeking to engage with its ecosystem. BcCoin aims to provide greater accessibility and convenience for traders and investors seeking to engage with its ecosystem.

This strategic pricing sets a clear benchmark for potential returns, positioning the token as a dynamic asset poised for significant appreciation.  

Furthermore, as we approach the end of the month, an eagerly awaited announcement from the BcCoin leadership promises further advancements in the realm of cryptocurrency, solidifying BlackCard Credit Card´s position as a pioneer in global crypto payments.

BlackCard stands on the brink of serving an immense market, with an estimated 500 million crypto wallet owners worldwide poised as potential customers, presenting a monumental opportunity to redefine the landscape of global financial transactions.

About BlackCard:

BlackCard is a leading provider of top-tier cryptocurrency solutions, delivering an innovative suite of products and services tailored to enhance the digital financial realm. Prioritizing sophistication, security, and convenience, BlackCard is at the forefront of shaping the future of finance through meticulous transactional excellence.

For more information about BlackCard and the BcCoin Token, please visit website.