⚠️39 Important Developments in Cryptocurrencies in May!! 💡The boring days continue in the cryptocurrency markets and the direction has not been determined yet. So what will happen this week? Every week on Sunday we cover the important developments for the next 7 days. It is possible for investors to prepare in advance for developments that have the potential to increase volatility and benefit from the process. So what awaits cryptocurrency investors next week?
🔎Major Crypto Developments of the Week This month's data pointed to a slackening on the employment front and a slowdown in wage growth. However, since the first quarter's inflation data was bad, Fed members drew attention to the risk of further tightening. The important developments of the coming days (Turkish Time) are as follows.
Monday, May 13
12:00 EU Economic Forecasts
16:00 Fed/Jefferson
16:00 Fed/Mester
Tuesday, May 14
15:30 US Core Producer Price Index (Expected: 2.3% Previous: 2.4%)
16:10 Fed/Cook
17:00 Fed/Powell Will Speak
Google Developer Conference
DYDX ($4.3 Million) Lock Opening
Alibaba Earnings Report
Wednesday, May 15
15:30 US Core Consumer Price Index (Expected: 3.6% Previous: 3.8%)
15:30 US Core Retail Sales (Expected: 0.2% Previous: 1.1%)
19:00 Fed/Kashkari
22:20 Fed/Bowman
SEC 13F Applications (The question of who is buying BTC ETF with assets over $100 Million will be answered)
💡Best $SHIB Price Predictions! Many Analysts believe that SHIB is ready for a bull run!
Analyst Del Crxpto claimed to know what will happen in the future. That's why he jumped on the SHIB bandwagon as an investor, he said.
“I know the future, I know what awaits SHIB. I will not share this information as I do not want to damage my SHIB relationships. But I will tell you this: I am saving $SHIB .”
Another popular analyst involved in the Shiba Inu ecosystem is Ali Martinez. He argued that the asset's price trajectory "formed a bull flag" on the daily chart, raising hopes for a 300% rally. Rekt Capital and CRYPTO SHERIFF also expressed their opinions on this issue. Rekt Capital stated that the value of SHIB has returned to the levels of early 2022. The trader assumed that the price could skyrocket to triple digits if it broke through the critical resistance level of $0.00002741.
Observe These Important Factors
There are several factors that indicate that the SHIB price explosion may indeed be on the horizon. The burn rate, which jumped over 4,000% a few days ago, is one of them. The ultimate goal of the program is to reduce the supply of #Shiba Inu by trillions over time, making the asset scarcer and potentially more valuable. The further development of Shibarium is also an important development. Meme coin's layer-2 scaling solution has recently undergone two major upgrades to improve user experience and increase compatibility with popular wallets such as MetaMask, Coinbase Wallet, and Trust Wallet. Additionally, #Shib exchange net flows have been predominantly negative over the past seven days. This signaled a shift from centralized platforms to self-custodial wallets. This type of move can be interpreted as bullish as it reduces sudden selling pressure.
🔥 Two Important Developments Expected for #Bitcoin After the Halving May Ignite the Ascension Fuse!
🔎 Bitcoin's long-awaited halving event ended on April 20, and the asset's block mining reward dropped from 6.25 Bitcoin to 3,125 Bitcoin. This was the fourth reward halving since Bitcoin's inception, and historically these events have been followed by significant price increases. After the 2012 halving event, Bitcoin's value increased by an impressive 9,500%, while the 2016 halving event saw a 3,000% increase over the following year.
💡 Spot Bitcoin exchange-traded funds based in the United States have seen remarkable growth since their launch in January 2024. BlackRock's iShares Bitcoin Trust (IBIT), for example, experienced a massive 71-day streak of daily inflows, reaching nearly $15.5 billion in assets before finally recording zero net inflows on April 24. This milestone places IBIT among the top 10 of the last 10 longest entry series.
💸 Despite IBIT's pause, other $BTC ETF funds such as Fidelity's Wise Origin Bitcoin Fund and ARK Invest's ARK 21Shares Bitcoin ETF fund continued to attract decent inflows during the same period. In fact, since their launch, US spot Bitcoin ETF funds have accumulated $12.3 billion in assets under management. However, it is important to recognize that inflows have slowed somewhat in the second quarter of 2024 compared to the first quarter's peak of $6 billion in February. However, analysts continue to expect an increase due to continued demand.
💡I Have Confidential Information! Flash Statement About #Shiba Inu from the Famous Analyst!
Excitement and skepticism in the world of Shiba Inu $SHIB continues to increase day by day. Del Crxpto, one of the leading names in the cryptocurrency industry, stated that he had confidential information about future developments that he believed could take SHIB to new heights and created a new wave of rumors.
⁉️Del Crxpto, known as a prominent Shiba Inu supporter, recently made a statement and stated that he has confidential information regarding news that is thought to significantly affect the value of SHIB. However, he stated that he needed to maintain his anonymity and did not see fit to reveal any details for now, citing the need to protect his connections with the Shiba Inu's authorized team. This questionable stance increased the rumors within the SHIB army, who are defined as the biggest supporters of the cryptocurrency.
Encouraged by Del Crxpto's statements, this team became aggressive in their behavior and added to their assets based on the idea of the information being made public.
💰The accumulation view existing in SHIB appears to be reflected in the on-chain data of cryptocurrency transactions. Santiment, which serves as a blockchain analysis firm, stated that there has been a noticeable increase in the number of addresses holding between 10,000 and 10 million SHIB tokens since March.
Some participants of the SHIB Army are voicing their dissatisfaction more loudly with the silence of Shytoshi Kusama, the secret creator of the Shiba Inu ecosystem. Kusama's lack of participation in discussions that have been going on for a long time seems to have created question marks within the community.
Del Crxpto participated in the discussions to defend Kusama and emphasized to #SHIB Ardus that his silence was just a strategic move.
🌟 3 billion dollar purchase from #Bitcoin whales: “We are entering a new era” Wallets holding large amounts of Bitcoin purchased 47,500 BTC in just 1 day. Commenting on the issue, CryptoQuant CEO Ki Young Ju said, "We are entering a new era." said.
💡Bitcoin has completely healed the Fed's wounds. The number one cryptocurrency by market value exceeded $64,500 today. In this rise of Bitcoin, which has been continuing since Thursday, it was determined that large investors, also called "whales", collected 47 thousand 500 $BTC . According to the data provided by the on-chain data platform CryptoQuant and last updated on May 2, the total assets of whales active in 24 hours increased from approximately 450 thousand 600 BTC to approximately 498 thousand 100 BTC. In other words, whales bought 47 thousand 500 BTC in a short period of 24 hours. The rise of Bitcoin also confirms the large purchase by whales. CryptoQuant CEO Ki Young Ju said, “Bitcoin whales accumulated 47 thousand BTC in the last 24 hours. “We are entering a new era.” he commented.
🐳While whales increased their Bitcoin purchases, there was also a first in the Grayscale ETF. Grayscale's Bitcoin ETF closed the day positive for the first time since the ETFs were launched on January 11. The ETF, which has been selling every day for about 5 months, received a net investment of $63 million this time.
🔥Bitcoin whales accumulated 47 thousand 500 BTC in 1 day, according to the latest data updated on May 2.
🐳Arthur Hayes: Market clearing in crypto is complete! we stay
💡Arthur Hayes, one of the people closely followed by the crypto world with his blog posts, stated that the declines that started in mid-April and continued until today were "necessary". "Tourists will come again when the prices rise. If they can afford it... We will continue to remain strong men," Hayes said. Showing the tax period in the USA and the uncertainty of the Fed, Arthur Hayes stated in his new article that the declines are largely over.
🚀“It will rise gradually” “Many of you called for 'Help' during the declines seen since April. Here, weak hands like Irene Zhao (*who said she sold all her cryptocurrencies and withdrew from the market to never buy again) fled crypto. They couldn't handle this pain. However, one day he will return and start tweeting again as if it were his duty. In fact, the price action went exactly as I expected. US tax season and Fed uncertainty combined with halving sales. Inflows into Bitcoin ETFs decreased. The necessary market cleaning has also been completed. During the next rise period, tourists will come and sit on our beach again. Of course, if they can afford it… We, the strong men, will continue to accumulate our favorite cryptos like Bitcoin and Ether. We will also take higher level 'shitcoins' such as #Solana#Dogwifhat and #Dogecoin . "I think the prices will rise from the bottom, by force and by force."
📌“I expect 60-70 thousand in the summer months”
“I do not think that the impact of the billions of dollars that will be included in the system every month on crypto will be seen immediately. I predict that prices will rise slowly and move between 60 and 70 thousand dollars by August. Are the Fed's latest statements a secret sign that the money printing era has begun? Yes…"
⁉️Bitcoin starts to rise when short-termists flee: Glassnode analysis
🔎 While Bitcoin fell from its historical peak of $ 73 thousand in March to below $ 57 thousand, analysis platform Glassnode emphasized "weak hands" and stated that the largest cryptocurrency started to rise after such investors withdrew from the market.
While Bitcoin is experiencing a decline of more than 20% from its ATH level, it is a matter of curiosity how long this trend will continue. According to the analysis of on-chain data platform Glassnode, the most important factor to follow here may be the movements of short-term investors, also known as "weak hands".
💡“The rise begins after the escapes at the bottom level” In its last report, it was noted that Bitcoin brought the investor to a state of enthusiasm at the level of 73 thousand dollars, but after the declines began, this psychological perspective began to cool. The Glassnode report stated that if the short-term lows in the cycle are taken as an example, important results emerge: “During bull seasons, if the unrealized profit rate exceeds half of Bitcoin's market value, this is considered a period of euphoria. When investors reach this level, a correction is definitely expected in the market. In these corrections, the movements of short-term investors are put under the spotlight. "When one-month or even one-week accounts accept their losses and start selling or fleeing the market, the Bitcoin price usually rises."
⚠️“Return comes when short-term sales reach the top” Speaking to Decrypt from the US media, Mercado, who works at another analysis firm Flipside Crypto, also emphasized a similar situation and said: “During periods when short-term investors' sales peak, the market generally finds its bottom. "In this sense, I find Glassnode's comment correct," he said.
🚀Is He Taking Flight? Analyst Says This Is My Target For Shiba Inu $SHIB !
🔎Analyst's SHIB Analysis Recently, an opinion about SHIB was shared on X by Ali Martinez, one of the important names in the market. Ali Martinez highlighted a bullish pattern in X on the chart formed based on SHIB's transaction.
💡According to Martinez, Shiba Inu potentially creates a bull flag formation on the daily price chart. The basis of this formation is a period of consolidation following a sharp price increase. In general, after this consolidation, another potential rise occurs.
🔥Martinez stated that he had a buy order at the level of $ 0.000018343 and said that he was facing a breakout in which he stated that the price of #SHIB could move to $ 0.000072323. This SMA indicator generally serves as a benchmark for the long-term trend of the cryptocurrency and shows that #Shiba maintains its upward trend over a long period of time, despite the recent withdrawals.
⁉️ Statement from Binance founder Zhao: We are in a new phase
💡Binance's former CEO Changpeng Zhao, in his statement after his 4-month prison sentence, emphasized that the crypto industry has entered a new phase.
💡Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, published a statement after the 4-month prison sentence he received yesterday. In his statement, Zhao thanked for the interest and support and said that the crypto industry has now entered a new phase. Binance founder used the following statements:
📌 “I want to thank everyone for your interest and support, whether by writing a letter, via X, or in any other way. They all mean so much to me and make me strong. I will complete my sentence and finish this phase and focus on the next part of my life (education). I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compatibility is very important. The fact that Binance has been under the spotlight throughout this process is a ray of hope. And the funds are SAFU (safe). Let's protect users!” Zhao was convicted of violating the anti-money laundering law. Zhao, who admitted his guilt, had previously paid a $50 million fine for this. He was sentenced to 4 months in prison at the sentencing hearing held yesterday. The former CEO of Binance will continue his education project called Giggle Academy after he is released from prison.
A #Bitcoin miner managed to solve block 841,286 alone and earned a reward of 3,125 BTC!
A rare incident occurred in Bitcoin mining! The lucky miner who solved block 841,286 alone received a reward of 3,125 BTC. In this case, the lucky miner won many times more rewards than those who mined in pools. You ask why? Because due to the Bitcoin halving event, the reward per block decreased from 6.25 BTC to 3,125 BTC. If this had happened a few weeks ago, the miner would have earned 6.25 BTC, or approximately $1.2 million!
Bitcoin mining is a process using special devices. These devices create new Bitcoin blocks by solving complex mathematical problems and thus verify transactions on the network. Miners receive a reward for each block solved. Usually miners share the reward by working in groups called pools. But in rare cases, a person mining alone may manage to get the entire reward. This is just like winning the lottery and depends on luck.
In this case, the lucky miner won much more rewards than those who mined in the pools. You ask why? Because due to the Bitcoin halving event, the reward per block decreased from 6.25 $BTC to 3,125 BTC. If this had happened a few weeks ago, the miner would have earned 6.25 BTC, or about $1.2 million! #Bitcoin mining is a process that involves the elements of luck and powerful hardware. Although mining alone may seem tempting, joining pools can provide a more stable income, investor experts warn.
Wall Street made a big mistake: Fed strategy changed, decline came
While world markets are focusing on the Fed's interest rate decision, which will be announced tomorrow at 9 pm ET, markets that expect around 6 to 8 interest rate cuts for 2024 at the beginning of the year cannot even predict what the institution will do in the remaining part of the year. All this uncertainty brought serious declines in cryptocurrencies and stocks.
Just a few months ago, it was discussed whether the Fed would reduce interest rates in March 2024 or even "definitely" start reducing interest rates in May. However, the US financial world, in other words Wall Street, is now unsure whether the Fed will cut even 2 interest rates after regular and consecutively high inflation data.
Market declines continue
The Fed's inability to permanently reduce inflation below 3 percent and geopolitical tensions in the world make it difficult to predict what the Fed will do. This uncertainty also brought significant declines in Bitcoin and altcoins, as well as US stocks. Interest rates in the USA are still at their highest level in 22 years.
There is a high probability that it will be fixed tomorrow
The Fed interest rate decision, which will be announced tomorrow evening, does not create much excitement in the markets because it is considered certain that the institution will keep the interest rates constant between 5.25% and 5.5%. However, what is really important here is what Jerome Powell will say at the press conference to be held after the decision. Powell's words on when interest rate cuts may come will determine the course of the markets.
🔥All Eyes on Shiba Inu in This Update! $SHIB Will it rise?
💡#Shiba Inu's Ethereum based Layer-2 network may be preparing for an upgrade that could potentially impact the price of #Shibarium SHIB. On April 24, Shiba Inu developers announced the upcoming hard fork. The stated upgrade promises a host of new features to improve user experience and foster a community.
🔎Here is the latest situation in Shibarium! The Layer -2 network Shibarium upgrade is scheduled for May 2. This major update will target variability in transaction fees during peak usage, providing better network stability and ensuring more consistent and predictable costs. Additionally, the hard fork will enable Shibarium to facilitate faster and more cost-effective transactions for its users. Additionally, the upgrade sets the stage for further innovation and discovery within DeFi, giving both users and developers the power to push boundaries.
️The company said the following in its statements on the subject: "These changes will not only make Shibarium easier to use, but also more robust and secure, ensuring that the best tools to create and innovate are at your fingertips. This upgrade will significantly increase the security and stability of the network and provide a reliable foundation for the network."
🐳Market analysts see this network upgrade as bullish for SHIB — a cryptocurrency that has been facing significant challenges lately. Over the past week, the price of #SHIB has fallen about 10% and has fallen about 25% in the last 30 days. However, there has been an increase of approximately 2% in the last 24 hours. SHIB is trading at $0.000025. Analysts predict that this upward trend will extend until May.
💡Hedef Net, Famous Cryptocurrency Strategist Said the Same Happened in 2013, 2016 and 2020!
📌Although historical data do not show the future of cryptocurrencies, investors often take positions in this direction. The more these structures have been repeated in the past, the more likely we are to see them in the future. It is also important how large a portion of investors believe in the same strategy and act accordingly. The popular cryptocurrency analyst touched on important details for #Bitcoin .
🔥TechDev, one of the analysts closely followed by cryptocurrency investors, made important predictions about the markets yesterday. The anonymous crypto strategist followed by nearly half a million investors draws attention to the detail in Bitcoin's two-month chart. According to him, surprisingly, the price of $BTC may experience a significant increase. 🚀 In 2020, the Bitcoin price increased from $ 13,000 to over $ 29,000 in just two months. I think this 120 percent increase should be an example of the growth in the first quarter of 2024, but the analyst says the following;
🔎“Bitcoin's two-month candle is at the highest point of the candle body, just after reaching maximum congestion. RSI (relative strength index) is about to break 70. These have been the conditions that led to the last three parabolic accelerations. I think the next two-month candle will be as long as November 2020. Please beware of the collapse story that many have feared for the last eight months. We're back to the same old level. The more often it is tested, the more likely it is to break. I think even the bulls will want to break below this level at this point. Relax until proven otherwise (such as until $68,000 is recovered or the range is lost and regained again).”
Analysts announced: Is a sharp decline coming at #Bitcoin ? Analysis by cryptocurrency analyst Ali Martinez reveals that transactions over $100,000 in the last 24 hours were 2,896, and transactions over $1 million were 521. Before the cryptocurrency Bitcoin peaked, it saw a surge in whale activity, with transactions worth $1 million or more clocking in at around 4,500 transactions per day; Transactions exceeding $100,000 were carried out in 24,500 transactions.
Martinez's remarkable findings reveal the difficulty of maintaining momentum due to the lack of significant whale activity in the recent price stagnation of the cryptocurrency Bitcoin. Particularly with the decline in whale participation, questions are raised about how large-scale investors influence market dynamics.
The price of the cryptocurrency Bitcoin had dropped below $64,500 at the time of writing. The price of the flagship of cryptocurrencies, $BTC , was trading at $64,013. We also see that Bitcoin's price range-dependent movement irritates investors. For the market to revive, the Bitcoin price will need to exceed $70,000. After the correction in altcoins of approximately 50%, a movement in altcoins is expected depending on the BTC price.
🔥They Generate Strong Bullish Signals! Here are 6 Altcoins That Could Make 50x in the Coming Weeks! Altcoins such as Pepe $PEPE $SHIB and $FLOKI are attracting investors' attention with their low prices and potential high returns. ⁉️These altcoins are gaining popularity and providing opportunities for investors with strong performance on the Ethereum Blockchain. Among other altcoins, Grok (GROK), Bonk (BONK) and CorgiAI (CORGIAI) also stand out as noteworthy projects. 🔎In the cryptocurrency market, there seems to be increasing interest in Ethereum Blockchain-based altcoins priced below one dollar, along with leading altcoins such as Pepe (PEPE), Shiba Inu (SHIB) and Floki (FLOKI). 💡These altcoins have made significant gains recently, attracting the attention of investors who want to achieve significant returns amid market volatility. The growing popularity of these altcoins comes from the fact that they offer convenient opportunities to turn modest investments into big money.
🔎 #Shiba Inu Ready to Explode in May: According to Analysts, the Coin Could Reach $0.001 on This Date!
💸In the midst of a market correction, Shiba Inu $SHIB is facing difficulties, losing recent gains like many other cryptocurrencies. Despite this, SHIB is holding strongly at $0.000025. However, market analysts predict that #SHIB may give up this support by the end of April. Meanwhile, prominent Bitcoin investor Armando Pantoja claimed that Shiba Inu could be worth $0.001 this year or in 2025.
💡Pantoja’s forecast shows that SHIB could potentially drop two zeros from its current price in the next few years. In this context, he emphasizes his optimistic perspective on the future trajectory of the Shiba Inu. 🚀Shiba Inu is Ready to Explode in May: According to Analysts, the Coin Could Reach $0.001 on This Date!
🐳In the midst of a market correction, Shiba Inu (SHIB) is facing difficulties, losing recent gains like many other cryptocurrencies. Despite this, SHIB is holding strong at $0.000025. However, market analysts predict that SHIB may abandon this support by the end of April. Meanwhile, prominent Bitcoin investor Armando Pantoja claimed that Shiba Inu could be worth $0.001 this year or in 2025.
🔥Pantoja’s forecast shows that SHIB could potentially drop two zeros from its current price in the next few years. In this context, he emphasizes his optimistic perspective on the future trajectory of the Shiba Inu. Echoing this positive sentiment, Changelly, a well-known crypto exchange, shared optimistic predictions for SHIB's performance in the coming months.
Artificial Intelligence Was Taught On-Chain Data from the Last 12 Years, Then Predicted the #Bitcoin Price 30 Days From Now! 🤔
💡Cryptocurrency analysis platform CryptoQuant conducted research on the Bitcoin price 30 days from now in a study published. An analyst from the cryptocurrency analysis platform CryptoQuant predicted the price of Bitcoin 30 days later using the concept of deep learning.
🔥Analysts stated that the data in question is not investment advice and is shared for research purposes only. Researchers examined onchain data on the CryptoQuant platform and used them to train an artificial intelligence model. To make these predictions, analysts gave 376 different onchain data collected since 2012 to artificial intelligence.
🚀According to the researchers' claim, the model in question made an accurate 1-month prediction using the onchain data of the last 1 year in the studies. According to the claims in the data shared by analysts, the Bitcoin price will exceed the $ 70,000 threshold again in approximately 25 days. However, according to analysts, as of the 30th day, the price of $BTC may reach the limit of approximately 78,000 dollars.
🐳It means breaking the all-time highest price record of approximately $ 73,000, which BTC last broke.
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🐳 #solana The Whale Who Quickly Took 10 Percent of Meme Coin Made 80x in 3 Hours!
Cryptocurrency investors earned millions of dollars in a short time thanks to the purchase of meme coins.
According to data provided by the on-chain analysis platform Lookonchain, a cryptocurrency investor became a dollar millionaire within hours thanks to the $SOL -based meme coin #MANEKI.
The data revealed that the investor in question purchased $110 thousand dollars as soon as $MANEKI was launched, capturing 11.5% of the total supply.
The investor, who held 1.02 billion MANEKI, distributed all of these assets to 15 different wallets. Following the rise in a short time, the value of MANEKIs, which were purchased for 110 thousand dollars, reached 8.7 million dollars. This person, who made a profit of approximately $8.6 million from his MANEKI investment, has not made any sales yet.
💡Satoshi's #Bitcoin emails resurfaced: "We must be ready"
Martti Malmi, who once again made a name for himself by revealing his correspondence with Satoshi in the Craig Wright case, revealed some new chapters. In the e-mails, it can be seen that Satoshi emphasized that Bitcoin cannot be just an investment asset and that it is necessary to be ready for a large influx of users.
️Martti Malmi, who once again made a name for himself with his participation in the case against Craig Wright, known as the fake Satoshi, which Wright lost, and by revealing his correspondence with Satoshi during the hearings, revealed some new e-mails.
“There must also be a tool of change”
It appears that Satoshi made clear comments about the future status of Bitcoin in these newly revealed e-mails.
🔎For example, Satoshi, who insists that Bitcoin is a medium of exchange, uses the following statements:
“As is often seen in trading, investors can make a profit by having a margin between the buying and selling prices. But making Bitcoin as available as possible will make this work even better, because people will not only want to sell you all their coins, they will also want to buy them and use them as a medium of exchange. Buying and selling on a small scale, or even selling goods, will also prevent Bitcoin from being put in one basket with all its eggs. $BTC It can be evaluated with everything that can be received in return. "As with every paper currency... Therefore, it should not only be an investment asset, but also a medium of exchange."