Analysts
68,739 views
55 Posts
Hot
Latest
AVA is the native cryptocurrency of Travala.com, a blockchain-based travel booking platform. AVA facilitates loyalty programs, payments, and governance within the Travala ecosystem. Users can book travel services, earn rewards, and access special perks by locking up or using AVA tokens. The platform also features decentralized governance, where holders vote on ecosystem decisions.
Currently, AVA is trading around $2.05 with a market cap of approximately $116 million. The coin saw a 7.56% decline in the past 24 hours but remains an integral part of Travala’s ecosystem, powering innovative Web3 loyalty and payment systems. Analysts view its utility in travel services as a unique feature, making it a promising long-term project despite market volatility.
#AVA #TravelCrypto #Blockchain #MarketNewHype #Analysts
$BTC $ETH $XRP
Currently, AVA is trading around $2.05 with a market cap of approximately $116 million. The coin saw a 7.56% decline in the past 24 hours but remains an integral part of Travala’s ecosystem, powering innovative Web3 loyalty and payment systems. Analysts view its utility in travel services as a unique feature, making it a promising long-term project despite market volatility.
#AVA #TravelCrypto #Blockchain #MarketNewHype #Analysts
$BTC $ETH $XRP
Sui (SUI) has recently shown strong performance in the cryptocurrency market. Currently priced at $4.82, the coin has surged by 31.61% in the last 24 hours and 376.48% over the past three months. Analysts attribute this growth to improved market conditions and increased adoption of decentralized applications.
The SUI forecast for December 2024 indicates a price range between $3.61 and $4.27, with an average of $3.71. However, more bullish predictions suggest it could reach $8.68 by year-end, depending on market trends. Longer-term projections are optimistic, with SUI potentially hitting $18.32 by 2026 as demand for innovative blockchain solutions grows.
Despite this bullish trend, experts caution about short-term corrections, advising potential investors to monitor market conditions closely before making significant investments.
#SUI #Blockchain #MarketCorrection #Analysts #MarketMajorComeback
$BTC $ETH $SOL
The SUI forecast for December 2024 indicates a price range between $3.61 and $4.27, with an average of $3.71. However, more bullish predictions suggest it could reach $8.68 by year-end, depending on market trends. Longer-term projections are optimistic, with SUI potentially hitting $18.32 by 2026 as demand for innovative blockchain solutions grows.
Despite this bullish trend, experts caution about short-term corrections, advising potential investors to monitor market conditions closely before making significant investments.
#SUI #Blockchain #MarketCorrection #Analysts #MarketMajorComeback
$BTC $ETH $SOL
Dogecoin (DOGE) remains a prominent player in the cryptocurrency space, with its price currently around $0.41. Recent developments, such as Elon Musk's increased influence in U.S. politics and his support for Dogecoin, have fueled optimism among its community. The creation of a "Department of Government Efficiency" (DOGE), associated with Musk, has amplified Dogecoin's visibility and potential adoption.
Analysts project a mixed outlook for DOGE in 2024. Some forecasts suggest it could reach $0.65 by year's end, driven by increased retailer adoption and integration of Dogecoin into payment systems. However, like other cryptocurrencies, DOGE remains vulnerable to market volatility and external factors.
#Dogecoin #DOGE #crypto #ElonMusk #BURNGMT #MarketCorrection #Analysts
Analysts project a mixed outlook for DOGE in 2024. Some forecasts suggest it could reach $0.65 by year's end, driven by increased retailer adoption and integration of Dogecoin into payment systems. However, like other cryptocurrencies, DOGE remains vulnerable to market volatility and external factors.
#Dogecoin #DOGE #crypto #ElonMusk #BURNGMT #MarketCorrection #Analysts
This Is How Bitcoin Is Going & What We Can Expect Next, This Is The Serious Questions For All Traders & Investors, But Bitcoin Will Trap You So Be Careful.
#Write2Earn #TrendingTopic #BTC #TradeNTell #Analysts
#Write2Earn #TrendingTopic #BTC #TradeNTell #Analysts
Daily transaction fees on the Solana network have dropped by 65%!
Right now, fees are at $639,000, a far cry from the $1.83 million they hit on August 8, and even more so from the $5.08 million peak in March.
👀 #Analysts say the decrease is due to waning interest in #Memecoins🤑🤑 on Solana.
It looks like all the party animals have moved over to the #TronBlockchain 😏
#DOGSONBINANCE #BNBChainMemecoins
👀 #Analysts say the decrease is due to waning interest in #Memecoins🤑🤑 on Solana.
It looks like all the party animals have moved over to the #TronBlockchain 😏
#DOGSONBINANCE #BNBChainMemecoins
📈 Mastering the Crypto Waves: Insights from the Analyst who Timed Bitcoin's Peak
Renowned crypto analyst Jelle, who accurately identified the zenith of Bitcoin in 2021, generously shares wisdom on optimal crypto trading strategies. Here are the key takeaways:
1. Powerful Bull Market Indicator: Moving Averages (MAs)
Jelle highlights MAs as one of the "most powerful bull market indicators." For him, a sweet spot for entering trades is the confluence between MAs and horizontal levels, particularly effective in the early stages of a bull market. He emphasizes the importance of finding logical areas both horizontally and MA-wise for a successful entry.
2. Tailored Bitcoin Trading Strategy
Sharing his playbook, Jelle discloses using the 21-week moving average for trading Bitcoin. For lower timeframes and altcoins, he advocates a combination of the 25, 50, and 200 Exponential Moving Average (EMA) for effective decision-making.
3. Finding the Exit: Selling to MAs
Jelle provides insights on exit strategies, asserting that selling to MAs is effective, especially when there's a confluence with horizontal levels. This approach proved successful for him during the peak of the 2021 bull market.
4. Timing Matters: Strong Trends vs. Sideways Markets
Timing is crucial; Jelle recommends using MAs when a strong trend is evident. However, he notes that this strategy is less accurate in sideways markets. Mean reversion strategies, according to him, find more success during such conditions.
5. Caution and Context: Beyond Blind Trading
While praising MAs as a "great indicator in the trading toolbox," Jelle urges caution against blindly trading based solely on MAs. Traders should assess how the price reacts to the area, citing examples of how wicks through an MA can reveal the level of respect it commands.
📰 For more expert insights and real-time updates on the crypto market, stay tuned to The Blockopedia. Navigate the crypto seas with knowledge! 🌊
#Analysts #ETH #crypto #cryptocurrency #crypto2023
Renowned crypto analyst Jelle, who accurately identified the zenith of Bitcoin in 2021, generously shares wisdom on optimal crypto trading strategies. Here are the key takeaways:
1. Powerful Bull Market Indicator: Moving Averages (MAs)
Jelle highlights MAs as one of the "most powerful bull market indicators." For him, a sweet spot for entering trades is the confluence between MAs and horizontal levels, particularly effective in the early stages of a bull market. He emphasizes the importance of finding logical areas both horizontally and MA-wise for a successful entry.
2. Tailored Bitcoin Trading Strategy
Sharing his playbook, Jelle discloses using the 21-week moving average for trading Bitcoin. For lower timeframes and altcoins, he advocates a combination of the 25, 50, and 200 Exponential Moving Average (EMA) for effective decision-making.
3. Finding the Exit: Selling to MAs
Jelle provides insights on exit strategies, asserting that selling to MAs is effective, especially when there's a confluence with horizontal levels. This approach proved successful for him during the peak of the 2021 bull market.
4. Timing Matters: Strong Trends vs. Sideways Markets
Timing is crucial; Jelle recommends using MAs when a strong trend is evident. However, he notes that this strategy is less accurate in sideways markets. Mean reversion strategies, according to him, find more success during such conditions.
5. Caution and Context: Beyond Blind Trading
While praising MAs as a "great indicator in the trading toolbox," Jelle urges caution against blindly trading based solely on MAs. Traders should assess how the price reacts to the area, citing examples of how wicks through an MA can reveal the level of respect it commands.
📰 For more expert insights and real-time updates on the crypto market, stay tuned to The Blockopedia. Navigate the crypto seas with knowledge! 🌊
#Analysts #ETH #crypto #cryptocurrency #crypto2023
🚀🚨 What’s next for Btc ? 🚀🚀
BTC dropped by like 8% and below 40800 yesterday but currently seems in a mood of accumulation but what could be the next movement ?
Btc’s downward movement was probably to liquidate later longs and As result of some news and The rally according to me isn’t over. But for it btc must close weekly candle above 42k.
if btc fails to do so btc might drop to 38-40k and fill the CME gaps there.
closing of candle is important and one more thing is that today november Cpi data is to be released so we can expect volatility around that time
Follow and like for more also tip us
#BTC #Analysts #HalvingEvents
BTC dropped by like 8% and below 40800 yesterday but currently seems in a mood of accumulation but what could be the next movement ?
Btc’s downward movement was probably to liquidate later longs and As result of some news and The rally according to me isn’t over. But for it btc must close weekly candle above 42k.
if btc fails to do so btc might drop to 38-40k and fill the CME gaps there.
closing of candle is important and one more thing is that today november Cpi data is to be released so we can expect volatility around that time
Follow and like for more also tip us
#BTC #Analysts #HalvingEvents
The recent price action of Binance Coin #BNB reveals a rejection pattern within the one-hour time frame, particularly in relation to the 200-period Moving Average (MA). A rejection at the MA 200 often signifies resistance and can be a significant technical indicator for traders and investors.
In technical analysis, moving averages act as dynamic support or resistance levels. The 200-period MA is a longer-term average, reflecting the average price over the past 200 periods. A rejection at this level suggests that the market struggled to surpass this historical average, possibly indicating a bearish sentiment or a hurdle for upward momentum.
Investors and traders may interpret this rejection as a signal to exercise caution, as it could imply that the market lacks the necessary strength to sustain a bullish trend in the short term. It's important to consider other factors such as volume, trendlines, and broader market conditions to gain a comprehensive understanding of the coin's potential future movements.
As with any technical #Analysts , it's recommended to stay informed about real-time market developments and to use multiple indicators for a well-rounded perspective before making any #investment decisions.
📝 comment me your analysis
#Write2Earn
In technical analysis, moving averages act as dynamic support or resistance levels. The 200-period MA is a longer-term average, reflecting the average price over the past 200 periods. A rejection at this level suggests that the market struggled to surpass this historical average, possibly indicating a bearish sentiment or a hurdle for upward momentum.
Investors and traders may interpret this rejection as a signal to exercise caution, as it could imply that the market lacks the necessary strength to sustain a bullish trend in the short term. It's important to consider other factors such as volume, trendlines, and broader market conditions to gain a comprehensive understanding of the coin's potential future movements.
As with any technical #Analysts , it's recommended to stay informed about real-time market developments and to use multiple indicators for a well-rounded perspective before making any #investment decisions.
📝 comment me your analysis
#Write2Earn
#ADABullish #Analysts #breakingout
Greeting Everyone,
After running the Poll for 24hr most of our members were interested in the analysis of ADA. Here is the detailed analysis of ADA.
ADA is currently in the daily demand zone which is a strong zone for ADA and given reversal from this demand zone in past.
Currently it is facing trendline resistance on daily rejected from the trendline resistance multiple times.
For the bullish momentum of ADA it need a successful breakout.
Thanks.
Greeting Everyone,
After running the Poll for 24hr most of our members were interested in the analysis of ADA. Here is the detailed analysis of ADA.
ADA is currently in the daily demand zone which is a strong zone for ADA and given reversal from this demand zone in past.
Currently it is facing trendline resistance on daily rejected from the trendline resistance multiple times.
For the bullish momentum of ADA it need a successful breakout.
Thanks.
BCH está formando um OCOI no gráfico diário, para confirmar a figura terá que fechar acima da MA 200, projeção para profit de 24%.
#TradingMadeEasy #TradingShot #Analysts #tradingtechnique #Futures_Trading
#TradingMadeEasy #TradingShot #Analysts #tradingtechnique #Futures_Trading
#Analysts Discover a New #Bitcoin Indicator: They Claim The Bull Market Continues Smoothly
A new indicator developed by CryptoQuant, a cryptocurrency analysis company, shows analysts that Bitcoin's bullish trend continues smoothly and steadily.
The #indicator, called the #BTC On-Chain Losses Ribbon, measures the amount of losses that Bitcoin holders suffer over different time periods
The ribbon consists of four moving averages (MA) of losses calculated for 180, 210, 240 and 270 days. According to CryptoQuant analysts, the indicator can be used to determine the bottom or top of Bitcoin's price action in terms of network macroeconomics.
According to CryptoQuant, when the #Ribbon starts to turn upside down, it usually means that Bitcoin has bottomed out.
A new indicator developed by CryptoQuant, a cryptocurrency analysis company, shows analysts that Bitcoin's bullish trend continues smoothly and steadily.
The #indicator, called the #BTC On-Chain Losses Ribbon, measures the amount of losses that Bitcoin holders suffer over different time periods
The ribbon consists of four moving averages (MA) of losses calculated for 180, 210, 240 and 270 days. According to CryptoQuant analysts, the indicator can be used to determine the bottom or top of Bitcoin's price action in terms of network macroeconomics.
According to CryptoQuant, when the #Ribbon starts to turn upside down, it usually means that Bitcoin has bottomed out.
🔥🔥🔥 #bitcoin☀️ price may consolidate as $2.2b options expiry looms, #Analysts warn
As Bitcoin approached the $70,000 mark on Monday morning, analysts at #Bitfinex issued a cautionary note, suggesting the rally might be short-lived due to an impending significant options expiry.
In their note, Bitfinex analysts predicted “potential further downward pressure” on Bitcoin ($BTC ) prices as the monthly expiry of around $2.2 billion is set to occur on August 2. They suggest this event could cause Bitcoin to stall or even pull back slightly from the $68,000-$69,000 resistance zone. Despite the risk of a pullback, the analysts emphasize that leveraged long positions are currently more influential than spot market activities.
“While the market is in a firm higher timeframe uptrend, a short-term price decline or range is likely, and if the options market positioning is any indication, directional trades, especially leveraged, should be avoided,” Bitfinex noted.
On Monday morning, Bitcoin briefly traded at $70,000, a level not seen since June 7, before losing momentum and falling below $67,000 by the afternoon trading session.
Broader Macroeconomic Environment:
Regarding the broader macroeconomic environment, Bitfinex analysts described the economic outlook as “cautiously optimistic.” They highlighted that the housing market remains a “drag on growth” due to higher-than-expected median house prices affecting existing home sales.
As previously reported by crypto.news, July has historically been a positive month for Bitcoin. This year, the cryptocurrency gained over 15% in the last 30 days and recorded more than $19 billion in year-to-date inflows, marking a new record. Data from CoinShares shows Bitcoin products received nearly $520 million in capital between July 22 and July 26, pushing Bitcoin’s inflows past the $3.6 billion mark for the year.
Source - crypto.news
#CryptoTrends2024 #BinanceSquareBTC
As Bitcoin approached the $70,000 mark on Monday morning, analysts at #Bitfinex issued a cautionary note, suggesting the rally might be short-lived due to an impending significant options expiry.
In their note, Bitfinex analysts predicted “potential further downward pressure” on Bitcoin ($BTC ) prices as the monthly expiry of around $2.2 billion is set to occur on August 2. They suggest this event could cause Bitcoin to stall or even pull back slightly from the $68,000-$69,000 resistance zone. Despite the risk of a pullback, the analysts emphasize that leveraged long positions are currently more influential than spot market activities.
“While the market is in a firm higher timeframe uptrend, a short-term price decline or range is likely, and if the options market positioning is any indication, directional trades, especially leveraged, should be avoided,” Bitfinex noted.
On Monday morning, Bitcoin briefly traded at $70,000, a level not seen since June 7, before losing momentum and falling below $67,000 by the afternoon trading session.
Broader Macroeconomic Environment:
Regarding the broader macroeconomic environment, Bitfinex analysts described the economic outlook as “cautiously optimistic.” They highlighted that the housing market remains a “drag on growth” due to higher-than-expected median house prices affecting existing home sales.
As previously reported by crypto.news, July has historically been a positive month for Bitcoin. This year, the cryptocurrency gained over 15% in the last 30 days and recorded more than $19 billion in year-to-date inflows, marking a new record. Data from CoinShares shows Bitcoin products received nearly $520 million in capital between July 22 and July 26, pushing Bitcoin’s inflows past the $3.6 billion mark for the year.
Source - crypto.news
#CryptoTrends2024 #BinanceSquareBTC
🌖 #TerraLunaClassic : strong upward movement coming for the crypto $LUNC
According to what some #Analysts shared on X, the crypto #LUNC✅ of the Terra Luna Classic project could soon go through a strongly bull phase.
In particular, several technical indicators seem to suggest a potential 545% pump, in the midst of the crypto speculation frenzy.
In the meantime, the community of the currency is working to give value to LUNC and revive the project from the crash of May 2022.
#moonbix #MemeCoinTrending
According to what some #Analysts shared on X, the crypto #LUNC✅ of the Terra Luna Classic project could soon go through a strongly bull phase.
In particular, several technical indicators seem to suggest a potential 545% pump, in the midst of the crypto speculation frenzy.
In the meantime, the community of the currency is working to give value to LUNC and revive the project from the crash of May 2022.
#moonbix #MemeCoinTrending
BTC / USDT
🔹Long Trade Setup.
🔹 Wait for Price to close above 64000$ then we can go for long
🔹Target can be 64265$ and 64500$✅
🔹SL at 63874$✅
Only For Risk Traders
Use Profit Amount only, not Principal Amount.
$BTC
#predictions #analysis #analyst #Analytics #Analysts
🔹Long Trade Setup.
🔹 Wait for Price to close above 64000$ then we can go for long
🔹Target can be 64265$ and 64500$✅
🔹SL at 63874$✅
Only For Risk Traders
Use Profit Amount only, not Principal Amount.
$BTC
#predictions #analysis #analyst #Analytics #Analysts
ETF Investors Prefer Crypto Over Bonds: Schwab Survey
Nearly half of ETF #investors are interested in getting exposure to crypto
According to a recent survey published by Texas-based multinational financial services company Charles Schwab, nearly half of ETF investors (45%) plan to gain exposure to cryptocurrencies.
In fact, cryptocurrencies ended up higher than bonds (44%) and international equities (27%).
Eric Balchunas, one of the leading ETF #Analysts , described the results as "pretty stunning."
It is worth noting cryptocurrencies were also one of the top choices for ETF investors in an older Charles Schwab survey that was published before the launch of #BitcoinETFs .
According to Balchunas, the most recent results show that investor demand for cryptocurrencies is yet to be met.
Other findings
The recent survey shows that the total cost and the reputation of a specific ETF provider are the most important factors for ETF investors. Notably, younger investors also tend to be interested in a broader range of factors (such as liquidity and trading volume).
The vast majority of ETF buyers (65%) plan to increase their exposure in the next year.
The survey also shows that the top reasons for buying these products include building wealth, rebalancing, downside protection, tax optimization, and so on.
More outflows
On Oct. 9, $BTC
ETFs recorded a total of $30.6 million worth of outflows. This was the second consecutive day of negative flows. However, these products recorded a whopping $233 million worth of inflows on Oct. 7.
Meanwhile, the #Bitcoin❗ price recently collapsed below the $59,000 level.
#moonbix
According to a recent survey published by Texas-based multinational financial services company Charles Schwab, nearly half of ETF investors (45%) plan to gain exposure to cryptocurrencies.
In fact, cryptocurrencies ended up higher than bonds (44%) and international equities (27%).
Eric Balchunas, one of the leading ETF #Analysts , described the results as "pretty stunning."
It is worth noting cryptocurrencies were also one of the top choices for ETF investors in an older Charles Schwab survey that was published before the launch of #BitcoinETFs .
According to Balchunas, the most recent results show that investor demand for cryptocurrencies is yet to be met.
Other findings
The recent survey shows that the total cost and the reputation of a specific ETF provider are the most important factors for ETF investors. Notably, younger investors also tend to be interested in a broader range of factors (such as liquidity and trading volume).
The vast majority of ETF buyers (65%) plan to increase their exposure in the next year.
The survey also shows that the top reasons for buying these products include building wealth, rebalancing, downside protection, tax optimization, and so on.
More outflows
On Oct. 9, $BTC
ETFs recorded a total of $30.6 million worth of outflows. This was the second consecutive day of negative flows. However, these products recorded a whopping $233 million worth of inflows on Oct. 7.
Meanwhile, the #Bitcoin❗ price recently collapsed below the $59,000 level.
#moonbix
⚡️ Calm Before the Storm: Get Ready for Volatility! ⚡️
CryptoQuant #Analysts are warning that although the market has been stuck in a prolonged range, we shouldn't get too comfortable. Taker sell volume (those who remove #liquidity from order books) has been steadily decreasing. 📉
What does this mean?
👉 According to #CryptoQuant , the sideways movement is about to end, and we can expect a huge spike in volatility! Be prepared for significant market moves that could impact your positions.
Get ready for whatever the market has in store! 🚀
#moonbix #SCRPricePrediction
What does this mean?
👉 According to #CryptoQuant , the sideways movement is about to end, and we can expect a huge spike in volatility! Be prepared for significant market moves that could impact your positions.
Get ready for whatever the market has in store! 🚀
#moonbix #SCRPricePrediction
💥💥💥 Here’s #Shibalnu Price if Solana Reaches $1,000
Crypto Markets Face Resistance as Recovery Push Falters
- The #cryptocurrencymarket has encountered resistance after a recent recovery that helped many assets regain lost ground. Shiba Inu ($SHIB ) has surged by 43% to reach the $0.00002 range, with its current price at around $0.00001646. Solana (SOL), on the other hand, rebounded from a low of $142 on September 23 to recover to around $140 at press time.
#Analysts Expect More Bullish Momentum
- Several analysts believe this recent recovery could be the start of a larger bull run. Market expert Ali Martinez predicted in July that Solana could hit $1,000, and trader Conor Kenny echoed this sentiment.
- For Solana to reach $1,000, it would need support from the entire crypto market, led by an uptrend in Bitcoin ($BTC ). If Solana benefits from such a rally, other #Altcoins👀🚀 like SHIB could also see substantial gains.
Key Price Targets:
- Solana: $1,000
- Shiba Inu: $0.0001047 (536% increase from current price)
Source - thecryptobasic.com
#BinanceSquareTrends
Crypto Markets Face Resistance as Recovery Push Falters
- The #cryptocurrencymarket has encountered resistance after a recent recovery that helped many assets regain lost ground. Shiba Inu ($SHIB ) has surged by 43% to reach the $0.00002 range, with its current price at around $0.00001646. Solana (SOL), on the other hand, rebounded from a low of $142 on September 23 to recover to around $140 at press time.
#Analysts Expect More Bullish Momentum
- Several analysts believe this recent recovery could be the start of a larger bull run. Market expert Ali Martinez predicted in July that Solana could hit $1,000, and trader Conor Kenny echoed this sentiment.
- For Solana to reach $1,000, it would need support from the entire crypto market, led by an uptrend in Bitcoin ($BTC ). If Solana benefits from such a rally, other #Altcoins👀🚀 like SHIB could also see substantial gains.
Key Price Targets:
- Solana: $1,000
- Shiba Inu: $0.0001047 (536% increase from current price)
Source - thecryptobasic.com
#BinanceSquareTrends
Top Crypto Stories This Week: Analysts’ Predictions
The past week brought significant developments in the crypto sphere, as former President Donald Trump voiced his backing for the industry. Additionally, Charles Hoskinson criticized President Joe Biden for allegedly hindering the American crypto sector’s growth.
Furthermore, Trump announced plans to facilitate crypto donations for his 2024 campaign. Here’s a summary of the top crypto news from the week.
Crypto Landscape: Trump’s Endorsement and Hoskinson’s Criticism
Former U.S. President Donald Trump made headlines by endorsing cryptocurrency, marking it as a significant issue for the upcoming elections. This unexpected move contrasts sharply with President Joe Biden’s perceived lack of familiarity with the crypto world. In a series of video clips shared by notable NFT creator Frank Degods, Trump expressed his support for the crypto industry, suggesting that those in favor of crypto should support him.
Meanwhile, Charles Hoskinson, founder of Cardano (ADA/USD), accused President Biden of actively hindering the Bitcoin and cryptocurrency industry in the United States. Hoskinson criticized the Biden administration for its alleged efforts to undermine the American crypto sector, highlighting tensions within the political sphere regarding cryptocurrency regulation.
Market Fluctuations and Predictions
Cryptocurrency markets saw fluctuations in response to recent developments, leading to declines in major cryptocurrencies like Bitcoin, Dogecoin, and Ethereum. Despite the boost in market sentiment from strong ETF data the previous week, the upward trend could not be sustained on Monday.
In the world of cryptocurrency predictions, Cathie Wood, CEO of Ark Invest, is renowned for her bold forecasts about the future of digital assets. Wood has repeatedly raised the price target for Bitcoin, with her latest projection reaching an ambitious $3.8 million by 2030. However, Kevin O’Leary remains skeptical, advising caution against making speculative investments solely based on optimistic forecasts.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CryptoStory #Analysts
Furthermore, Trump announced plans to facilitate crypto donations for his 2024 campaign. Here’s a summary of the top crypto news from the week.
Crypto Landscape: Trump’s Endorsement and Hoskinson’s Criticism
Former U.S. President Donald Trump made headlines by endorsing cryptocurrency, marking it as a significant issue for the upcoming elections. This unexpected move contrasts sharply with President Joe Biden’s perceived lack of familiarity with the crypto world. In a series of video clips shared by notable NFT creator Frank Degods, Trump expressed his support for the crypto industry, suggesting that those in favor of crypto should support him.
Meanwhile, Charles Hoskinson, founder of Cardano (ADA/USD), accused President Biden of actively hindering the Bitcoin and cryptocurrency industry in the United States. Hoskinson criticized the Biden administration for its alleged efforts to undermine the American crypto sector, highlighting tensions within the political sphere regarding cryptocurrency regulation.
Market Fluctuations and Predictions
Cryptocurrency markets saw fluctuations in response to recent developments, leading to declines in major cryptocurrencies like Bitcoin, Dogecoin, and Ethereum. Despite the boost in market sentiment from strong ETF data the previous week, the upward trend could not be sustained on Monday.
In the world of cryptocurrency predictions, Cathie Wood, CEO of Ark Invest, is renowned for her bold forecasts about the future of digital assets. Wood has repeatedly raised the price target for Bitcoin, with her latest projection reaching an ambitious $3.8 million by 2030. However, Kevin O’Leary remains skeptical, advising caution against making speculative investments solely based on optimistic forecasts.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CryptoStory #Analysts
🌖 Terra Luna Classic approves crucial proposal to improve ecosystem governance and stability
The #TerraLunaClassic ($LUNC ) community has passed a crucial proposal to solve governance and stability issues.
Are you looking for signals & alerts from pro-traders? Sign-up to Invezz #signals ™ for FREE. Takes 2 mins.
Over 85% of the voters favored the proposal, reflecting enormous interest in the suggested modifications.
Meanwhile, attention switched to #LUNC✅ price performance amidst these developments, with #Analysts predicting notable rallies amid the optimism and Binance’s token burn initiative.
#BinanceLaunchpoolHMSTR
The #TerraLunaClassic ($LUNC ) community has passed a crucial proposal to solve governance and stability issues.
Are you looking for signals & alerts from pro-traders? Sign-up to Invezz #signals ™ for FREE. Takes 2 mins.
Over 85% of the voters favored the proposal, reflecting enormous interest in the suggested modifications.
Meanwhile, attention switched to #LUNC✅ price performance amidst these developments, with #Analysts predicting notable rallies amid the optimism and Binance’s token burn initiative.
#BinanceLaunchpoolHMSTR
The cost of gas on the Ethereum network has fallen to $1.63
Commissions on the #Ethereumnetwork have dropped dramatically, reaching the level of $1.63 per transaction. According to #Analysts at Santiment, this was a significant development for blockchain users. This drop opens up new opportunities for more frequent and affordable transfers, thereby encouraging more activity on the network. Low fees have always been a favorable factor for the growth of utility, as it enables users to conduct more #transactions at minimal cost.
Historically, at fee levels as low as $2, online activity increases as users seek to take advantage of more favorable terms. Such a rate is typically associated with the “bottom of the market” when the price of fees is minimal, which encourages more transfers and allows Ethereum($ETH
)to exhibit more dynamic behavior.
An average commission rate between $2 and $6 is considered the most common and is usually seen during periods of stability or flat market movement. During such times, activity does not peak but is kept at a stable level when users do not have a strong fear of missing out (#fomo ).
When the average commission rises to $6-$10, it indicates an increase in market interest, usually characteristic of bull rallies. It is at times like these, when users start actively buying and selling assets, that commissions rise due to the increased load on the network.
However, the highest commissions - over $10 - signal market overheating and often coincide with peak values on the charts. Then the price of an asset reaches its maximums, and users massively fix profits or get rid of their positions. During such periods, high transaction costs suppress activity, making transfers less attractive.
#ScrollOnBinance
Historically, at fee levels as low as $2, online activity increases as users seek to take advantage of more favorable terms. Such a rate is typically associated with the “bottom of the market” when the price of fees is minimal, which encourages more transfers and allows Ethereum($ETH
)to exhibit more dynamic behavior.
An average commission rate between $2 and $6 is considered the most common and is usually seen during periods of stability or flat market movement. During such times, activity does not peak but is kept at a stable level when users do not have a strong fear of missing out (#fomo ).
When the average commission rises to $6-$10, it indicates an increase in market interest, usually characteristic of bull rallies. It is at times like these, when users start actively buying and selling assets, that commissions rise due to the increased load on the network.
However, the highest commissions - over $10 - signal market overheating and often coincide with peak values on the charts. Then the price of an asset reaches its maximums, and users massively fix profits or get rid of their positions. During such periods, high transaction costs suppress activity, making transfers less attractive.
#ScrollOnBinance