Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that =)
Based on the slang term “unicorn”, it’s easy to guess that “unicorn hunting” is the process of searching for a unicorn that has yet to reach a valuation worth $1 billion.
Of course, this is a risky strategy: You need to find a project that’s at an early stage, study it carefully, and only then invest. The project must offer something absolutely cool/innovative/necessary for the market and be able to realize it.
Therefore, you won’t be able to “catch the unicorn” without some serious analytical skills.
The sudden influx of large-holder buying is a strong bullish indicator, and suggests that whales see value in SHIB and are positioning themselves for potential gains.But is this all hype, or is there substance behind the wag? While SHIB’s future remains uncertain, several factors are bolstering its case:Community Strength: SHIB boasts a passionate and vocal community, often credited with driving its price rallies through sheer enthusiasm and social media presence.Exchange Listings: The meme coin
It’s a trading strategy in which a user (a copy trader) copies or mimics the trades of a leading trader (lead trader).In other words, you can go to a special platform, choose a successful lead trader based on their rating, and repeat their trades.And many platforms allow you to automate this process.The pros and cons of copy trading are quite obvious.On the plus side, it’s easy to enter the world of trading, and there is no need to learn complex trading skills.On the downside, however, no trader
Exercise caution with promises of big profits, double investments, or free money. Check for communication errors. Avoid transactions with unclear details. Stay alert for contracts and manipulation tactics. Question unusual endorsements from influencers. Adopt vigilance and research before considering any investment.
Meanwhile, the crypto fear and greed index tracked by CoinMarketCap, has jumped to the greed area of 66. It had remained at the neutral point of below 60 in the past three weeks as Bitcoin price and daily volume eased.
Bitcoin ETF Set to Launch in the US Stock Market: Valkyrie’s McClurg A Bitcoin ETF is set to make its debut in the US stock market, according to Valkyrie Investments co-founder Steven McClurg. McClurg predicts that the Securities and Exchange Commission (SEC) will approve the spot Bitcoin ETF by the end of Wednesday, with trading commencing on Thursday morning. The launch will coincide with the introduction of the first 10 ETFs, which are expected to receive significant inflows of $4 billion to $5 billion in the initial weeks.
BlackRock To Purchase $10 Million Worth Of Bitcoin
As part of efforts to seed its Spot Bitcoin ETF, BlackRock will purchase $10 million worth of BTC on January 5. The asset manager had earlier scheduled this Bitcoin purchase for January 3. However, it was eventually postponed to this later date, possibly in a bid to ensure they gain all regulatory approvals and be fully compliant.
BlackRock had revealed how the sum of $10 million had come about in the latest amendment to its S-1 filing. The world’s largest asset manager had noted that the said sum was proceeds from the sale of its “Seed Creation Baskets.” The firm initially seeded its ETF back in October, with the fund’s Seed Capital Investor purchasing $100,000 in shares.
Bloomberg analyst James Seyffart had previously warned that Blackrock’s plans to seed their ETF with this amount doesn’t mean they are launching just yet. However, he remarked that there was a possibility that the asset manager was doing so in anticipation of an imminent launch.
Meanwhile, it is also worth mentioning that BlackRock’s initial seed fund could eventually be outranked. Fellow issuer Bitwise revealed in their latest amendment to their Spot Bitcoin ETF that they could potentially seed their fund with up to $200 million if they eventually get approval from the SEC.
First in line is Bitcoin (BTC), the leading cryptocurrency known for steering overall market trends. Bitcoin has already witnessed an impressive increase of over 170% year-to-date in 2023, and its upward trajectory continues into 2024. The ongoing momentum of Bitcoin, resilient even in the face of recent cryptocurrency market fluctuations, establishes a positive tone for the broader market sentiment. Additionally, analysts highlight upcoming factors that could potentially trigger a more substantial bullish trend for Bitcoin.
Ethereum
Advancing this storyline is Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Moreover, the smart contract platform has experienced a noteworthy 95% increase in value year-to-date, closely mirroring Bitcoin’s upward trend in recent months. With both Bitcoin and the broader cryptocurrency market preparing for the upcoming bullish phase, Ethereum appears well-situated to maintain its alignment with its primary counterpart.
Ripple
Completing the trio is Ripple’s XRP token. Ripple continues to onboard new financial institutions, capitalizing on its streamlined blockchain infrastructure for cross-border payments and global money transfers. The expanding practical use of XRP beyond mere speculative demand brings distinctive advantages. The enduring possibilities arising from the acceptance of Ripple’s offerings in traditional finance position XRP as a focal point of interest, paving the way for the potential next cryptocurrency boom.
While the inherent uncertainties associated with cryptocurrencies persist, the combined inclusion of Bitcoin, Ethereum, and XRP presents a diversified exposure to the anticipated upcoming growth phase in blockchain. Although predicting precise price targets remains challenging, the risk-reward ratio appears favorable for these top cryptocurrency selections as optimism reignites at the outset of 2024.
Crypto Chronicles: The Top 3 Cryptocurrencies to Keep Tabs On in 2024
The cryptocurrency landscape is buzzing with excitement due to the potential approval of spot exchange-traded funds (ETFs) for Bitcoin and Ethereum, capturing widespread attention. The anticipated regulatory approval is infusing a new wave of optimism into the digital assets realm, signaling the possibility of a further upswing in the ongoing bull market for digital assets.
Amid optimistic forecasts for 2024, investors are closely monitoring developments in the blockchain industry. Here, we highlight the three key cryptocurrencies to observe as we approach the anticipated surge in crypto growth in the coming year.
This Trader Achieved 171x Returns on Solana (SOL) With Memecoins – Here’s How
An altcoin trader earned a 171x return on an investment of 1.23 Solana (SOL) in a memecoin Anita Max Wynn (WYNN). They had a 56% win rate from betting on 25 crypto assets with equal amounts of SOL as the Solana Foundation eyes Brazil for further growth.
Omega Candle for Bitcoin (BTC) Price Is Very Real, Believes Samson Mow
In a recent X post, prominent Bitcoin expert Samson Mow has stirred the crypto community with his bold prediction of an impending Omega Candle for Bitcoin (BTC). Mow asserted that the recent $5,000 drop in Bitcoin's value, triggered by rumors from a "no-name" analyst, is a mere precursor to what could unfold when a dozen ETFs gain approval and bids will flood the market aggressively. According to Mow, the decision to adopt a spot Bitcoin ETF, if finalized, could lead to an unprecedented surge in Bitcoin's price chart, creating a substantial upward candle
“Listing” (in both the cryptocurrency and securities worlds) is the process of an asset (such as a coin or stock) “appearing” on an exchange.
If you read the phrase “Binance has listed the DOGE cryptocurrency,” it means that you can now buy and sell DOGE on Binance, whereas before the listing, you couldn’t trade the coin on that exchange simply because Binance didnt support it.
Server Outage at Bybit and Binance During Market Correction 💥📉
Bybit and Binance servers temporarily experienced outages. 🚨
Over the past 1.5 hours, there have been massive liquidations. Currently, approximately 500 million trades in long positions have been liquidated. 💸
A total of 168,798 traders were liquidated, with the overall liquidations (both shorts and longs) amounting to a staggering 605 million USD. 💰 The largest single liquidation order occurred on Huobi with a BTC-USDT value of 14.26 million USD. 📊
The total cryptocurrency market capitalization has plummeted by 8%. Bitcoin, the leading currency in the crypto market, underwent a dramatic correction, dropping 9.1% from 45,200 USD to just about 41,000 USD within only 1.5 hours. 🔻🔍
In the cryptocurrency world, a “faucet” is a website or app that gives away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks such as watching ads, completing captchas, or participating in games. The goal of a faucet is to introduce new users to cryptocurrency by giving them a small amount to experiment with.
But be careful: Some faucets can be fraudulent and used to collect personal data.
Prominent financial guru and author of popular book “Rich Dad Poor Dad” highlighted the approaching Bitcoin halving in April as an important event, urging his X followers to pay attention to it. Kiyosaki has been a vocal Bitcoin supporter and investor over the past three years. Apart from Bitcoin, he is also invested in gold and silver, predicting that all these three risk assets are likely to jump in prices within the next few years. He believes Bitcoin will likely reach $130,000 and then even $500,000 by 2025. He continues to buy Bitcoin, physical gold and silver on the dip, believing that even if the U.S. economy collapses in the future, these three assets will be of great value.
Following the publication of this report, traders began to actively close their open crypto positions, wiping approximately $730 million worth of assets off the cryptocurrency market. Bitcoin and Ethereum were liquidated in the largest amounts. Meanwhile, other whales have been purchasing crypto on the dip. According to @lookochain(twitter)two anonymous cryptocurrency wallets purchased 35.18 WBTC at $42,641 and 674.18 ETH at the $2,225 price tag, spending 3 million USDC on Both