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Crypto De Nostradame
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Bitcoin reflects 2020: What will happen? According to an analysis, Bitcoin (BTC) is repeating the uptrend it last experienced in 2020. The leading crypto #Bitcoin (BTC) was activated by the purchase of the crypto exchange Bakkt by the new US president Donald Trump. $BTC increased by nearly 2 percent in the last 24 hours. BTC has to increase by 1.70 percent to reach its all-time high of $93,265. Analysts predict that this increase will occur in the near term. According to an analysis prepared by Ali Martinez, BTC's price chart repeats the formation last observed in 2020. The analysis stated that the formation points to $100,000. It took a few days for Bitcoin (BTC) to rise above $91,000. BTC, which has a positive outlook, may be at the beginning of a new rally. According to AMBCrypto, $BTC may reach $100,000 earlier as it reflects the past trend. The decline in BTC in the previous days was attributed to the sale of 3,000 BTC by miners. Analysts stated that BTC managed to hold on to $90,000 and entered the accumulation phase in this region. Overcoming the pressure from miner sales, BTC renewed confidence by reaching $91,500. Crypto analyst Ali Martinez evaluated BTC's past performance in an analysis published on X. Martinez emphasized that BTC is following a past trend. Martinez used the following statements; “Bitcoin rose another 26 percent after exceeding its all-time high (ATH) of $19,700 in 2020. BTC consolidated for a week after these increases and then jumped to $40,000. A quick look at today: BTC is up 28% after breaking its previous ATH and has been consolidating for the past six days. History may be repeating itself.” According to analysts, BTC’s potential peak in the bull cycle could be $120,000. “BTC will have no trouble breaking $100,000, which is a level close to its peak,” AMBCrypto said, concluding his remarks. “If Bitcoin manages to break above this level, it would not be surprising to see a new bull run.”
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What is MANTRA (OM)? MANTRA (OM) coin is the token of the MANTRA network and is used in decentralized finance (DeFi) applications and blockchain-based governance systems. #OM allows users to participate in decision-making processes in the ecosystem by offering opportunities such as staking, lending, voting, and access to new Decentralized Autonomous Organization (DAO) tokens. It also increases community engagement by offering incentives such as rewards and airdrops to $OM coin holders. MANTRA (OM) is a comprehensive blockchain platform for the DeFi and Web3 ecosystems. Founded in 2020, MANTRA offers a variety of DeFi services to enable users to conduct financial transactions securely and transparently. It is designed to comply with real-world regulations as a security-focused Layer-1 blockchain network. The platform is backed by industry veterans such as fintech researcher John Patrick Mullin, blockchain entrepreneur Will Corkin, and Rodrigo Quan Miranda. One of the main areas that MANTRA focuses on is the tokenization of digital assets and the management of these assets in accordance with legal regulations. In addition, #MANTRA aims to create a more sustainable and transparent blockchain ecosystem by providing a strong infrastructure and compliance tools for Web3 projects and DeFi developers. OM coin, which forms the basis of the MANTRA ecosystem, is the platform's native cryptocurrency and performs a number of functions such as governance, staking, and rewards. MANTRA allows users to earn passive income by staking their OM coins, while also allowing them to take an active role in governance processes. This coin also offers opportunities such as coin distribution among DAOs and airdrops of new projects. These opportunities make MANTRA an attractive platform for both individual investors and institutional users.
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Analysts' Dogecoin (DOGE) target: It can rise to $4! Dogecoin ($DOGE ) price has sparked speculations about the $4 target with its recent rise. While whale activity and strong bull momentum support DOGE, can the popular memecoin reach $4 this cycle? As of November 19, Dogecoin is performing strongly and analysts say it could exceed $4 this cycle. Crypto analyst Zer0 stated that the $4 target for DOGE is not too far-fetched. #DOGE is currently trading at $0.3874 and has increased by 3.7 percent in the last 24 hours. Crypto analyst Zer0 predicts that Dogecoin could rise above $4. The analyst thinks that the DOGE price is low and the story behind it could push the price even higher. If Dogecoin reaches $4, its market value will reach $584 billion. Although the Elon Musk effect and the establishment of projects such as the Department of Government Efficiency (D.O.G.E) make it possible to reach this valuation, this goal seems very difficult in the short/medium term. Another analyst, Bluntz, predicts that DOGE will rise, but it will be a slow process. Based on Elon Musk's X post, Bluntz gave a target of $ 1 for Dogecoin, which excited his followers. The elements to watch out for for the popular memecoin will be Elon Musk and D.O.G.E. Musk's continued social media posts about Dogecoin could push the price even higher.
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Time is running out for Ethereum (ETH): Will it rise? Bitcoin, which has been hovering above $90,000 for a few days, continues to give confidence to the crypto market. However, ETH's weak course has begun to upset altcoin investors. Despite BTC's peaks being renewed every day, ETH has not even exceeded $3,500 yet. According to research conducted by crypto analysis platform Amberdata, there is a 10 percent probability that ETH will exceed $4,000 in the short term. While investors expect Bitcoin to exceed $100,000 and make new highs, they predict that $ETH will continue to lag behind. According to Amberdata, the probability that the price will rise above $4,000 before the December 27 options expire is evaluated as only 10 percent. According to the company, weak economic fundamentals underlie this bad outlook for ETH. Greg Magadini, Director of Derivatives at Amberdata, said, “ETH is facing an inflationary supply due to the intense trading in Layer-2s. This is suppressing the ETH price.” In addition, the data from spot ETFs does not give much hope for Ethereum. Although things are going well on the Bitcoin side, net inflows into Ethereum are currently insufficient for a volume increase. If this situation reverses, the price exceeds $3500, or BTC dominance decreases, $ETH can be expected to rise. The critical level will be $4000. Weekly closes above this level may pave the way for ATH.
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A rare signal for Bitcoin: A rally is imminent! On-chain analysis platform CryptoQuant has claimed that Bitcoin (BTC) has formed a rare bullish formation. Although the impact of the US elections is slowly fading, the BTC price is trading above $90,000. While #Trump is expected to take office on January 20, the crypto market is expected to remain positive during this process. A rare breakout has emerged in #BTC price chart measurements. CryptoQuant stated in its analysis published on November 18 that Bitcoin is blinking at a “strong rally.” According to the analysis, the BTC price is approaching the breakout line in the “Puel Multiple” indicator. It is estimated that the price will increase by nearly 90 percent if the breakout occurs. Analyzing the results of the Puel Multiple over the last five years, CryptoQuant discovered that the metric has crossed its 365-day moving average only three times. #BTC made a significant increase in all three of these breakouts. CryptoQuant analyst Burakkesmeci, who made statements on the subject, said; “Puell Multiple helps us understand market cycles from a mining perspective.” It was stated that $BTC increased by 76 percent in January 2024, when the Puell Multiple metric was last seen. In January 2020, when the metric showed an upward break, the BTC price increased by 113 percent. The third and last data was in March 2019. On the said date, the $BTC price increased by 83 percent after the golden intersection created by Puell Multiple. The analysis touched on the following; “All these data points and the macroeconomic framework indicate that a strong bull rally may be on the horizon”
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