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Tether profits reach $1 billion after Bitcoin rises

Tether, the company behind the world's largest stablecoin (USDT), has seen a significant increase in the value of its BTC-Bitcoin reserves, with profits exceeding $1 billion. According to data from cryptocurrency analyst EmberCN, Tether currently holds 57,576 BTC (worth the equivalent of... $2.4 billion) with an average cost per coin of $22,480. This indicates that Bitcoin's reserve has increased in value by 85% or $1.1 billion. since then. Purchased.

#Tether #USDT.Tether #Bitcoin2024 #USDT

Bloomberg Predicts Crypto Supercycle: Bitcoin Price#BTC🔥🔥 Rally to $500K

The recent surge in Bitcoin (BTC) price could be the beginning of a new crypto supercycle that propels the world’s largest cryptocurrency to an astonishing $500,000. 

Enthusiasts believe that the recent surge in BTC price, which saw the leading cryptocurrency surpass $42,000, is indicative of a new monetary order that is captivating Wall Street and the digital-assets community, according to a Monday report from Bloomberg. 

The excitement surrounding Bitcoin’s rally has fueled optimistic predictions about its future gains. 

The prophecies for how high the coin could go spanned anywhere from $50,000 in the immediate term, to above $530,000, the report noted. 

“It’s getting crazy again. Those kinds of comments show just how quickly sentiment can change for this asset class,” said Matt Maley, chief market strategist at Miller Tabak & Co.

Bitcoin has experienced a remarkable revival in 2023, gaining over 150% so far this year. 
#BTC🔥🔥 #btc🚀 #btc500 #BTC

??? Will Luna Recover? Will Luna Classic Reach 0.1$
Tell me and share your opinion

#lunc #LUNA #BTC🔥🔥

Will Shiba Inu Reach 1 Cent by 2025, 2027?

Will Shiba Inu reach 1 cent?

Yes, Shiba Inu can reach 1 Cent if about 80% of the Tokens are burnt over the next say 3-5 years.

The Shib community is one of the most well-organized communities in the cryptocurrency market driving the cryptocurrency towards delivering more value to users and not remaining a meme coin. Some traders believe that Shiba Inu is a ‘Shit Coin’ but within the community, there is a huge topic of interest, Can Shiba Inu reach 1 cent? This became a huge thing after Shiba Inu had risen 60 times in 6 months in the head days of 2021.

While a $5.5 trillion market cap for Shiba Inu might sound ambitious today, considering a time frame of 30 years or more and consistent burns of 2-3% annually, the goal could become feasible and the required cap even less daunting

Can Shiba Inu grow 25% every year for 32 years?

It is almost impossible to predict Shiba Inu’s price so far ahead. Given the current levels of differentiation, it is possible to say Shiba Inu will not grow 25% every year for the next 32 years.

Therefore, we can say that given the current levels of differentiation with other tokens, the market size, past performance, and historic benchmarks, it is easy to say that Shiba Inu will not grow to 1 cent.

However, there is one scenario in which Shiba Inu can reach 1 cent.

However, there is one scenario in which Shiba Inu can reach 1 cent.

Before we analyze that, when we first started tracking Shiba Inu’s possibility of reaching 1 cent in January 2022. Shiba Inu’s market cap at 1 cent was $6.7 trillion. This has fallen to $5.9 Trillion. This is due to the aggressive burn program. What if the market cap requirements were to fall to $500 Billion?
#Shibarium #SHIB #Shibainu #shiba
$BTC $SOL $BNB
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10 Largest Cryptocurrencies by Market Capitalization

1. Bitcoin (BTC)

Market Cap: $458 billion

Bitcoin is the largest and most popular cryptocurrency by market cap and was created by Satoshi Nakamoto in 2009. It is a decentralized digital currency that has transferrable ownership. This cryptocurrency is mineable and has a maximum supply of ₿21,000,000.

2. Ethereum (ETH)

Market Cap: $216 billion

The closest second to Bitcoin is Ethereum, and its token which is called “Ether.” The Ethereum network is intended to replace traditional financial services firms like banks and brokerages by using decentralized applications, commonly called “DeFi,” for financial applications.  Ether is the fuel that is required to run transactions on the Ethereum blockchain.

3. Tether (USDT)

Market Cap: $66 billion

The third largest coin at the time of writing is quite different from Ether and BTC because it is a centralized cryptocurrency. Tether is the largest stablecoin that attempts to tie its price to the US Dollar. Tether is commonly abbreviated USD₮ or USDT. This stablecoin is owned by iFinex, which owns the Bitfinex exchange.

4. USD Coin (USDC)

Market Cap: $54 billion

5. Binance Coin (BNB)

Market Cap: $52 billion

BNB use to use the Ethereum blockchain but now instead uses the Binance blockchain. BNB was created in 2017 and has wide uses today. Most commonly, it is used for payments and transaction fees on Binance. Like many other coins, BNB is centralized.

6. Ripple (XRP)

Market Cap: $18 billion

XRP is decentralized and uses the Ripple protocol to prioritize speed and minimize costs. It is an older cryptocurrency that was first released in 2012. XRP is said to be a fast and secure way to send digital payments.

7. Cardano (ADA)

Market Cap: $18 billion

8. Binance USD (BUSD)

Market Cap: $18 billion

Binance USD is the second coin on this list from the Binance cryptocurrency exchange. It is a centralized stablecoin based on Ethereum

9. Solana (SOL)

Market Cap: $15 billion

10. Polkadot (DOT)

Market Cap: $10
By .. Samfil