These 3 cryptocurrencies could rise to $100 in 2024 🤫🤫🤫
2023 turned out to be a very positive year for some altcoins. The three cryptocurrencies in question have either broken through the $100 barrier or are close to it. Let's see if Solana (SOL), Injective (INJ) and Avalanche (AVAX) can reach the triple digit mark. And before that, don't forget to leave a big thank you😉😉😉Solana is gathering strength In December 2023, the price of SOL reached a local high of $121. The rally was associated with the airdrops of a number of projects, as well as the launch of numerous memcoins on Solana. Although the asset is currently down to $86, it still has a real chance to regain the $100 mark. This potential is driven by a combination of Solana's technological advancements, increased demand for dApps, and a growing community of developers contributing to the ecosystem. Resurgent demand and ongoing updates to address past network failures could also drive SOL's growth. Strategic partnerships could push Avalanche to the $100 mark Recent events surrounding Avalanche, including strategic partnerships and collaborations, have greatly strengthened the project's reputation. For example, the platform partnered with Alibaba Cloud to create a meta universe based on Cloudbase and collaborated with Amazon Web Services (AWS).At the same time, the Avalanche Foundation expanded its Culture Catalyst initiative to include funding for the purchase of memcoins. The $100 million investment fund was initially focused on acquiring NFTs, but now plans to allocate part of the funds to buy meme coins. Expanding the ecosystem and integrating new tools could push AVAX to the $100 mark. If this happens, the token will approach the all-time high of $134. Injective Aims for a New High Although the native blockchain token Injective recently broke another all-time high, it may bring many more pleasant surprises to investors. After last week's significant rights event, INJ will no longer suffer from an increase in circulating supply, and continued burning will lead to a shortage of the asset. In addition, Injective's staking reward continues to rise, helping to ease selling pressure and interest in the ecosystem is constantly growing thanks to airdrops that cause quite a bit of FOMO among crypto market participants. #cryptonews #AVAX #SOL #BinanceUkraine #BinanceSqare $SOL $INJ $AVAX
Credit organizations are increasingly interested in buying coins from miners. According to Genut, this is due to the fact that there is currently a shortage in other places they are used to.
Hut 8 is one of the largest publicly traded Bitcoin mining companies. According to the latest data, the miner owns digital assets worth a total of $600 million. This makes it the fourth largest holder of BTC among public firms.
"Banks approached us to try to buy our bitcoin due to the lack of supply on various exchanges," Genut said.
Centralized Exchanges (CEX) Coin Shortages Caused by the Launch of Spot Bitcoin ETFs in the US. Since its launch in January of this year, the inflow into the new instrument amounted to more than $12 billion.
In addition, the supply shortage also favors the upcoming halving. The event, scheduled for April 20, will cut the reward for a mined Bitcoin block in half, from 6.25 BTC to 3.125 BTC.
“The 50% reduction in supply — from 900 to 450 BTC per day — also has a big impact because now demand is increasing and supply is decreasing. This is a double whammy from the point of view of the growth of the price of bitcoin, Genut emphasized.
The Internet Computer Project (ICP) token has been on the rise for the past few days, and on Monday it hit a new milestone, surpassing 3 billion blocks confirmed on the network.
This achievement of the project took almost three years since the launch of the protocol in May 2021. It currently processes over 44.87 blocks per second.
In addition, the altcoin is currently receiving significant support from investors who, despite the rally, are still optimistic about further price growth. This is evidenced by the measured mood of ICP owners, who at the time of writing are bullish.
Therefore, the price of ICP is likely to continue to rise and perhaps even exceed the $18 mark. #cryptonews #news #Trading #icp $ICP
Bitcoin Cash may face difficulties in its attempts to grow, but market conditions indicate that BCH is ready to recover. The $344 mark is the next major support line, coinciding with the 100-day exponential moving average (EMA).
If the above conditions really play into the hands of the price movement, the token could bounce back from $344 and return to $501, breaking through the $400 mark, which coincides with the 50-day EMA. This would stabilize the correction.
However, if broader market trends weigh heavily on the coin and the 100-day EMA ceases to act as a base, then a break below $300 may not be possible. The Relative Strength Index (RSI) has already dipped into the bearish zone, indicating a possible price drop.
In this case, BCH may test the support level of $297 and the bullish scenario will prove unsustainable.
Rapid growth of the artificial intelligence market 😤😤😤😤
According to CoinGecko, on March 7, the capitalization of the AI token sector jumped by 30% and broke the $25 billion mark. To a large extent, this dynamic contributed to the growth of Nvidia shares — their price increased by 15% in a week.
The most successful coin in the artificial intelligence segment was Meme AI Coin (MEMEAI), launched at the beginning of March this year. The value of the asset has increased by 1,200% in the last seven days.
The total amount of liquidations on the crypto market in the last 24 hours exceeded 1.05 billion dollars. Most of the forced closed positions are in BTC and ETH.
The sharp collapse in the price of BTC after updating the annual high and the subsequent rebound cost traders $307 million. Market participants who opened positions in Ethereum (ETH) also suffered significant losses — the drop in the price of the second largest cryptocurrency to $3,350 cost them more than $180 million.
SOL, DOGE, SHIB and several other tokens became the leaders of liquidation of altcoins.
Over 90% of liquidations were distributed between OKX, Bybit, Binance and Huobi. The largest order was executed by Bitmex — the exchange closed the XBTUSD position for $9 million. 😊😊😊 Do not forget to thank the author with a cup of tea ☺️☺️☺️
LTC Price Prediction: Will A Breakout Be Attempted 🤔🤔🤔🤔
The technical analysis of the daily timeframe is consistent with the bullish indicators of the weekly one. The chart shows that LTC is in the process of breaking out of the ascending triangle that has existed since August 2022. Although the altcoin broke through the resistance, it has yet to reach a daily close above it.
The daily RSI supports the breakout: the indicator has risen above 50 and is rising. If the uptrend continues, Litecoin could reach the $95 resistance zone, which is 28% above the current price.
However, a break from the $75 resistance level could lead to a 12 percent drop to the triangle support line at $68.
Don't forget to treat the author to a cup of tea 😉😉😉🫖🫖🫖
Before starting, don't forget to thank the author with a cup of tea 🫖🫖🫖Filecoin's bullish trend rests on a solid foundation and is also supported by favorable technical factors and the overall positive market sentiment. ✅ Cooperation with Solana The Filecoin team announced a strategic partnership with the Solana ecosystem, which integrates Filecoin solutions for decentralized storage. They will help optimize data backup, increase memory capacity and improve security. Anatoly Yakovenko, the founder of Solana, even reminded his followers on the social network X (formerly Twitter) that the original design of the Solana archiver was originally based on some developments from the Filecoin technical documentation. ✅ Partnership with Pyth Feeds Filecoin has announced an integration with the financial oracle network PythNetwork. It provides real-time financial market data to blockchains. More than 50 protocols are currently connected to PythNetwork. The Filecoin team believes that the integration with Pyth Feeds is extremely important: users will have access to reliable market data, which will increase trust in the entire ecosystem. In general, Filecoin is willing to cooperate with various protocols. For example, last year the project launched an engine for EVM compatibility called Filecoin Virtual Machine (FVM). It allows developers to build applications and connect them to the largest public network. Such openness is bearing fruit, increasing interest in Filecoin and making its token more in demand. ✅ Growth in the volume of stored data Since 2023, the volume of data hosted on the Filecoin platform has increased 3.8 times to 1,800 PiB PiB (international designation PiB) or pebibyte, 1 pebibyte = 2[^50] bytes). This was announced on the official page of the project on Twitter. Most of this data came from contributors outside the web industry.#news #Trading #FIL #cryptonews #top $FIL
You will be able to stake your BNB and FDUSD in separate pools for the PORTAL token farm for seven days, starting at 02:00 on 02/22/2024 (in Kyiv).
Binance will then list PORTAL on 02/29/2024 at 12:00 (Kyiv time) and open trading pairs PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD and PORTAL/TRY
P.S. Don't forget about the "tip" function to thank the author😉
The daily timeframe gives a more bullish outlook. This is related to price action, wave calculation and RSI readings.
The chart below shows that the price of Solan closed above the $105 resistance zone and the RSI rose above 50. The wave calculation indicates that SOL is in the fifth and final wave of an uptrend. If it proves true, the altcoin will make a local high near the next long-term resistance at $145, which is 30% above current values.
However, a close below $105 would indicate that the price is still correcting. SOL could then fall 40% to the nearest support at $69. #Trading #cryptonews #news #solana #GoodLuck $SOL
Today, two cryptocurrencies immediately updated their historical highs😱😱😱
These two cryptocurrencies have risen significantly in recent times and have recently hit all-time highs. Let's figure out how long they can continue to grow. Worldcoin (WLD) has been growing for eight days in a row, and BEAM - three. We understand how long these two cryptocurrencies can continue their current growth.P.S. Don't forget the tip as a token of thanks to the author for the content😉WLD is rising on a parabolaThe price of WLD is rising on a parabola since the break of the downward resistance line on February 7. On February 12, the upward movement became parabolic and the price increased by more than 200%. Today, WLD reached a new all-time high of $7.67. If the token maintains its bullish momentum, it will form the eighth bullish daily candlestick in a row. The high was set above the 1.61 Fibonacci retracement level at $6.45. Elliott wave analysis predicts that WLD will continue to rise. According to the most likely scenario, the price is in the third wave of a five-wave uptrend. If it continues, WLD could rise another 22% and reach the next resistance at $9.15. On the other hand, the daily close is below $6.45 will mean that the local maximum has already been reached. This could send WLD down 35 percent to the nearest $4.90 support level.BEAM broke out of range Similar to WLD, on February 8, BEAM price broke the downward resistance line and has been parabolically rising ever since. The token broke through the $0.26 zone and confirmed it as support (green icon), and today it renewed its all-time high at $0.035. Popular cryptocurrency analyst InmortalCrypto noted that the bullish breakout made his BEAM position gain more than 80%. Daily Relative Strength Index (RSI) supports growth. It is above the neutral 50 mark and rising, which is a sign of a bullish trend. BEAM has almost reached the nearest resistance at $0.037, formed by the 1.61 Fibo level of the previous downward retracement. A break above it could trigger a 50% rally to the next resistance at $0.052. Despite the bullish outlook, BEAM's bounce from the $0.036 resistance could lead to a 20% drop to the nearest $0.26 support level.$BEAMX $WLD #Trading #news 55014716 829#BTCUSDT
What you need to know about Uniswap?? 🤔🤔🤔 For those who are not yet aware Uniswap was launched in 2018 and has since become one of the leaders in the Automated Market Maker (AMM) industry. The project introduced a new mechanism for trading with the help of liquidity pools, which simplifies trading and makes it more accessible to users around the world.
The protocol was updated to version 3 in May 2021. In this iteration, the protocol introduced the concept of "concentrated liquidity", which allowed liquidity providers to concentrate capital in certain price ranges and optimize earnings on fees.
What happens to the UNI token
The Uniswap project token is up 12% for the week. It can now be bought for about $7.50, which is still 83% cheaper than in May 2021, when UNI reached an all-time high of $44.92. #Uniswap #Trading #eth $UNI
Wormhole protocol team will airdrop 1.7 billion W tokens 😱😱😱
And before starting, do not forget to support the author through the "thank you" function or through the link to Binance pay. 🤧🤧🤧Binance pay Solana (SOL)-based cross-chain protocol Wormhole (W) announced an airdrop and also shared a four-year tokenomics plan The Wormhole team announced that it is going to launch its own token under the ticker W. The developers did not give an exact date, but shared details of the tokenomics of the project. Wormhole Tokenomics and Airdrop The total emission of ERC-20 and SPL standard tokens — W — will amount to 10 billion coins. Of these, the initial offering will receive about 1.8 billion tokens, and the rest will be unlocked over the next four years. According to Wormhole Tokenomics, the team will distribute the assets as follows: 17% to the community; 12% to developers; 11.6% to strategic network partners; 31% — to support the ecosystem; 23.3% — to the treasury of the fund. Currently, the Wormhole network consists of 18 guardian nodes, which are responsible for maintaining consensus by identifying malicious or non-functional validator nodes. The right to vote is evenly distributed among these custodian nodes. With the help of free distribution of tokens, the project plans to transfer the rights to manage the protocol to the owners of native coins. A decentralized autonomous organization (DAO) will adjust fees, update smart contracts, add and remove support for different blockchains. Wormhole is a cross-chain protocol launched in 2021. It allows you to transfer funds between different blockchains, for which the developers have come up with a special set of infrastructure solutions. It works simply: users block assets in one network and receive their copies in another. In 2022, the project suffered a large-scale hacker attack. The attackers removed $325 million worth of cryptocurrency from the protocol. This hack is considered one of the largest in the history of decentralized finance (DeFi). However, the team was able to cope - in November 2023, Wormhole attracted an investment of $ 225 million from investors such as Coinbase Ventures and Multicoin Capital. As a result of the funding round, Wormhole's valuation exceeded the $2.5 billion mark. Earlier, the airdrop was announced by the DeFi protocol team for creating AltLayer (ALT) rollups. Token distribution for Celestia Developers (TIA) will begin on February 20th. #BinanceTreat #BinanceSqare #Trading #solana #Bitcoin $SOL $ALT $TIA
A trader turned five ETH into $3.3 million in three days 🫣🫣🫣🫣🤔🤔🤔
Analysts turned their attention to a lucky trader who turned five Ethereum (ETH) into $3.3 million. It took only three days to work. Analysts published the details of transactions of a member of the crypto community on their microblog. And before starting, don't forget the "thank you" function to support the author А також залишаю посилання на Binance pay. According to Lookonchain, the trader had five Ethereum worth $12,000 at his disposal. In order to earn from cryptocurrency, he invested ETH in PORK coin. The purchase was recorded seven minutes after the launch of cryptocurrency trading. For just 5 ETH, the market participant received 9.5 trillion PORK. Against the background of the increase in PORK, the trader sold 6.3 trillion coins back for ETH. Thus, he recovered 329 Ethereum ($765,000). Thus, his net profit was 324 ETH ($753,000). The trader had 3.2 trillion PORK at his disposal for $2.55 million. PepeFork (PORK) is another memcoin. Its creators were inspired by the crypto project, the symbol of which was Pepe the frog. In 2023, the "frog" brought many investors a good income. The developers themselves call PORK a PEPE fork. At the time of writing, according to CoinGecko, the cryptocurrency is being traded on Uniswap and MEXC. Buying memcoin at the start of trading and then profiting is a popular tactic used by many members of the crypto community. #cryptonews #Trading #pepe #BinanceSqare #ETH $ETH $PEPE
Usually, the team carefully works out tokenonomics, so as not to cause a lot of pressure on sellers at various stages of unlocking and not to destroy the price of the token. However, some factors, such as lack of liquidity or early investors locking in profits right after the tokens are unlocked, can seriously affect the asset's quote. And before you start, don't forget the super thank you feature. It motivates 😉 ✅ 1. Optimism (OP) Unlock Date: January 30th Number of Tokens Unlocked: 24,160,000 OPCurrent Circulating Supply: 957,378, 568. OPOptimism is a tier two solution designed to increase the speed and scalability of the Ethereum network. According to DefiLlama, it ranks among the leaders of L2 networks in terms of the number of protocols launched and the number of funds blocked (TVL). The OP token is used for voting, project management in the Optimism Collective community, and ecosystem development. Coins released during the next unlocking will be distributed among investors and key project participants. ✅2. Sui (SUI) Unlock date: January 31st Number of tokens unlocked: 4,000,000 SUI Current supply: 1,100,947,214 SUISui is a high-performance Level 1 (L1) blockchain. The Proof-of-Stake consensus algorithm ensures the operation and security of the network. The project was developed by Mysten Labs, which was founded in 2021 by a group of former Novi Research employees who were responsible for creating the Diem blockchain of the Move programming language. As of December 2021, Mysten Labs has raised $336 million in two rounds of funding. The main investors of the project are Binance Labs, Franklin Templeton and a16z Crypto. The nearest SUI unlock will take place on January 31. "Thaw" tokens will be sent to the community reserve. ✅3. dYdX (DYDX) Unlock Date: February 1st Number of Tokens Unlocked: 33,330,000 DYDX Current Circulating Supply: 313,656,557 DYDX In early 2023, the largest decentralized derivatives trading protocol dYdX announced changes to the project's initial Tokenomics. According to the updated information, 30% of the total supply of DYDX will go to early investors, another 30% will be distributed between the team and the community reserve, 28% will be used to reward traders and liquidity providers, and the rest will go to future employees. More than 50% of the total DYDX supply is currently in circulation. The rest of the tokens will be unlocked in small parts over the next two years. ✅4. Acala (ACA) Unlock date: February 1 Number of tokens unlocked: 27,430,000 ACACurrent circulating supply: 885,741,665 ACA Launched in 2019, the Acala network is the first of its kind DeFi consortium formed by two teams of active participants in the Polkadot ecosystem - Laminar and Polkawallet. The platform supports the operation of smart contracts and is compatible with external blockchains (for example, Ethereum). ACA tokens unlocked on February 1st will be divided between strategic partners and the project team. #cryptonews #BinanceUkraine #BinanceSqare #OP #cryptoexperts $OP $ACA $SUI