What is expected to happen to crypto market due to BTC halving?
🤖Answer from AI,,
The cryptocurrency market is highly volatile and predictions can vary, but here are some insights based on recent expert analysis:
- New All-Time Highs for Bitcoin: Some analysts believe Bitcoin could reach new all-time highs, potentially going above $80,000, spurred on by the halving event and the launch of spot Bitcoin ETFs.
- Bitcoin ETFs: The introduction of Bitcoin ETFs could significantly impact the market, with predictions that they could capture a substantial portion of the U.S. ETF market within five years.
- Coinbase Earnings: There’s speculation that Coinbase could exceed revenue growth expectations by a considerable margin.
- Stablecoin Transactions: The volume of transactions via stablecoins might surpass those by major financial payment networks like Visa.
- Tokenization of Funds: Major financial institutions might tokenize funds and launch them on-chain, which could lead to a significant increase in the value of tokenized assets.
- Ethereum Revenue Growth: Ethereum’s revenue is predicted to double, which could contribute to its position as one of the fastest-growing tech platforms.
As we all know, SHIBA INU been always a crypto that is very difficult to take decision on holding or releasing, However, some factors might contribute to a near increase in its price:
- Technical Breakouts: SHIB’s price rally gained momentum after breaking through critical resistance levels, which is a bullish signal for traders.
Investor Behavior: On-chain data indicates a strong base of support for SHIB’s price, suggesting investor confidence in its long-term prospects.
Market Sentiment: Positive market sentiment and the psychological impact of breaching significant price barriers can attract more investors.
Utility and Adoption: Initiatives like ShibaSwap and ventures into NFTs and DeFi sectors aim to increase SHIB’s utility and adoption.
Community and Branding: The strong community and effective branding strategies, including endorsements by celebrities, have played a role in its popularity.
As for the expected price in 2024, predictions vary, but some analysts suggest SHIB could reach a maximum price of around $0.0000169983, which would be a significant increase from current levels. However, it’s important to note that cryptocurrency markets are highly volatile and unpredictable, and these predictions should not be taken as financial advice.
Scalping is a short-term trading style that aims to capture small profits by utilizing short time frames. Scalpers open multiple trades throughout the day, focusing on small market moves. Here are some key points about scalping:
What is Scalping? Scalping involves opening a high number of trades focused on smaller profits. Scalpers believe it’s easier to profit from smaller market moves. Many small profits can accumulate into larger gains with a strict exit strategy.
Scalping Trading Strategies (with examples):
Parabolic SAR Indicator: Identifies contrarian trading opportunities. “Buy” signals occur when the indicator is below market prices; “sell” signals when it’s above. Also provides signals to close positions.
Stochastic Indicator: Identifies overbought and oversold conditions. Example: If historical stochastic readings show oversold conditions, consider initiating long positions. Set stop losses below the price low that created the oversold reading.
☑️✔️Advantages of Scalping: Quick profits from small price changes. High trading frequency.
✖️✖️Disadvantages of Scalping: Transaction costs (due to frequent trades). Requires intense focus and discipline.
Managing Risk in Scalping:📣🚩 Set tight stop-loss orders. Be prepared to exit quickly if the trade goes against you.
Which Time Frame Is Best for Scalping? Scalping works well on shorter time frames (e.g., 1-minute or 5-minute charts).
⚠️⚠️ Remember that scalping requires precision, quick decision-making, and risk management. Always practice with a demo account before implementing scalping strategies in live trading123.
Bitcoin (BTC) has been making waves in the media recently. It surged towards $55,619 with favorable tailwinds from global markets and renewed attention. Although it dipped slightly after hitting that high, it still held at the first technical support level around $53,350. This indicates significant interest from buyers who want to join the rally. 🚀
Bulls are building momentum, and there’s a possibility that BTC could hit $60,000 as soon as next week. The recent attention and traction in the media have provided another favorable tailwind for BTC’s upward movement. After reaching $55,619, the price action corrected a bit, but buyers are eager to step in near the support level at $53,350. With bullish volume picking up, the bull run is regaining steam and aiming higher. 📈
Keep in mind that reaching $60,000 is psychologically significant and may lead to some profit-taking. However, if global market risk sentiment remains positive, BTC could continue its ascent. On the flip side, if bulls fail to hold $53,350, we might see a quick spiral downward. 📉
Remember that investing in cryptocurrencies involves risks, so thorough research is essential before making any decisions. 🌐💰
There are some positive factors that could support ADA’s growth in the long term. For example: - ADA is one of the leading smart contract platforms in the crypto space, competing with Ethereum, Polkadot, and Solana.
- ADA has a strong and loyal community, led by its founder Charles Hoskinson, who is also a co-founder of Ethereum.
- ADA has a robust and scalable network, powered by its proof-of-stake consensus mechanism called Ouroboros.
- ADA has a clear and ambitious roadmap, with several milestones achieved and upcoming, such as the Alonzo upgrade, which will enable smart contracts on its mainnet.
- ADA has a growing ecosystem of partners, developers, and projects, such as SingularityNET, World Mobile, and Cardstarter.
These are some of the reasons why some analysts are bullish on ADA and its potential to reach new highs in the future. However, these are not guarantees and you should always do your own research.
I think buying ADA at this price is an opportunity you should take advantage of. Of course after you do your own analysis and research.
The following is just a forecast for digital currency prices based on analyzes of some specialized websites.
This is not financial advice and you should do your own research before investing.
BTC: The original and most popular cryptocurrency. It can reach $50,000-$73,000 in 2024.
ETH: Cryptocurrency and platform for smart contracts, NFTs, and DeFi. It can reach $5000-10000 in 2024.
ADA: A third-generation blockchain platform for scalability, interoperability, and sustainability. It could reach $2-5 in 2024.
SHIB: a meme coin inspired by Dogecoin. It has a loyal community and its own exchange and blockchain. It can reach $0.00001 - $0.00002 in 2024.
SOL: A fast and scalable blockchain platform for DeFi, DApps and smart contracts. It could reach $150-200 in 2024.
XRP: Cryptocurrency for cross-border payments and transfers. Facing a legal battle with the Securities and Exchange Commission. It could reach $1-2 in 2024.
BNB: The native token of Binance, the largest cryptocurrency exchange. It powers Binance Smart Chain, a blockchain network for DeFi, NFTs, and DApps. It could reach $500-1000 in 2024.
Link: A decentralized oracle network for real-world data. It is widely used by many blockchain platforms, DeFi protocols, and decentralized applications. It could reach $50-100 in 2024.
The following is just some price predictions for some tokens based on some web sources.
These are not financial advice and you should do your own research before investing.
BTC: The original and most dominant crypto. Could reach $50,000–$73,000 in 2024.
ETH: A crypto and a platform for smart contracts, NFTs, and DeFi. Could reach $5,000–$10,000 in 2024.
ADA: A third-generation blockchain platform for scalability, interoperability, and sustainability. Could reach $2–$5 in 2024.
SHIB: A meme coin inspired by Dogecoin. Has a loyal community and its own exchange and blockchain. Could reach $0.00001–$0.00002 in 2024.
SOL: A fast and scalable blockchain platform for DeFi, DApps, and smart contracts. Could reach $150–$200 in 2024.
XRP: A crypto for cross-border payments and remittances. Facing a legal battle with the SEC. Could reach $1–$2 in 2024.
BNB: The native token of Binance, the largest crypto exchange. Powers Binance Smart Chain, a blockchain network for DeFi, NFTs, and DApps. Could reach $500–$1,000 in 2024.
LINK: A decentralized oracle network for real-world data. Widely used by various blockchain platforms, DeFi protocols, and DApps. Could reach $50–$100 in 2024.
Hope you all get the best out of the cryptocurrencies.