LIVEMrMagnam
@NNDNN
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Let's go with Family Friday!
After the bleeding of $BTC these days, we can see the very famous "McDonald's" pattern, that pattern so defined in macro temporalities where your brother-in-law appears saying: "See how I was right? This thing about the coins is a scam."
But in this case, let's agree with him without getting angry: Bitcoin is a big scam!
Once the joke is made (personally I love to take it with humor), we must take into account certain movements that have occurred throughout these weeks and for the next ones. Very attentive to the large exits of ETFs from both the US and Germany.
And we should not lose sight of it either, Mt.Gox, which just today has moved $2.7 billion in #bitcoin, which could indicate even more short-term falls.
That said, I seek to be realistic on a macro level, not only in technical terms, but in fundamentals. And I may have another perspective that is not bullish in the medium-long term, basically for one reason only, the adoption of#Bitcoinis incessant!!!!
Have a nice weekend family!
After the bleeding of $BTC these days, we can see the very famous "McDonald's" pattern, that pattern so defined in macro temporalities where your brother-in-law appears saying: "See how I was right? This thing about the coins is a scam."
But in this case, let's agree with him without getting angry: Bitcoin is a big scam!
Once the joke is made (personally I love to take it with humor), we must take into account certain movements that have occurred throughout these weeks and for the next ones. Very attentive to the large exits of ETFs from both the US and Germany.
And we should not lose sight of it either, Mt.Gox, which just today has moved $2.7 billion in #bitcoin, which could indicate even more short-term falls.
That said, I seek to be realistic on a macro level, not only in technical terms, but in fundamentals. And I may have another perspective that is not bullish in the medium-long term, basically for one reason only, the adoption of#Bitcoinis incessant!!!!
Have a nice weekend family!
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The 5 reasons that explain the fall of Bitcoin
First and most important of all, BTC spot exchange-traded funds (ETFs) have returned to the red after stringing together five days of net inflows.
This Tuesday, the 10 bitcoin funds experienced a net outflow of $13.7 million, led by losses of $32.4 million from Grayscale Bitcoin Trust (GBTC), which has already lost more than $18.5 billion since its conversion to a spot ETF in early January.
This, after exchange-traded funds lost more than $900 million in the month of June. Analysts such as those at QCP Capital point out that there are movements that lead them to think that it could be a good month for these investment products, while others, such as Samer Hasn, of XS.com, question the ability of these ETFs to maintain the bullish momentum of the market.
This Tuesday, the 10 bitcoin funds experienced a net outflow of $13.7 million, led by losses of $32.4 million from Grayscale Bitcoin Trust (GBTC), which has already lost more than $18.5 billion since its conversion to a spot ETF in early January.
This, after exchange-traded funds lost more than $900 million in the month of June. Analysts such as those at QCP Capital point out that there are movements that lead them to think that it could be a good month for these investment products, while others, such as Samer Hasn, of XS.com, question the ability of these ETFs to maintain the bullish momentum of the market.
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Top 10 CRYPTOCURRENCIES to invest
I provide a more detailed analysis of each of these emerging cryptocurrency projects:
1. **Aptos (APT)**
**Founders and Team**: Aptos was founded by former Meta engineers who worked on the Diem blockchain project.
**Technology**: Uses the Move programming language, which was designed to be more secure and efficient than traditional smart contract languages.
**Scalability and Security**: Aptos focuses on offering fast and secure transactions, promising high performance that can handle a large number of transactions per second (TPS).
1. **Aptos (APT)**
**Founders and Team**: Aptos was founded by former Meta engineers who worked on the Diem blockchain project.
**Technology**: Uses the Move programming language, which was designed to be more secure and efficient than traditional smart contract languages.
**Scalability and Security**: Aptos focuses on offering fast and secure transactions, promising high performance that can handle a large number of transactions per second (TPS).
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$BNB (Binance Coin) has been trending downward recently due to several factors. One of the main ones is the general context of the cryptocurrency market, which has been experiencing significant volatility. The recent SEC lawsuit against#Binanceand its CEO has also negatively affected the price of BNB, creating uncertainty in the market.
Additionally, global regulatory pressure on cryptocurrencies and centralized exchanges has contributed to a cautious sentiment among investors. The removal of Binance USD (BUSD) as a trading option on some exchanges and the decline in trading activity have also influenced the decline in BNB value.
Although long-term predictions suggest a possible recovery, with some analysts expecting a gradual rise in the coming months, it is important to note that the cryptocurrency market is highly volatile and influenced by many external factors.
#BNBcould see a rise in the coming days, although projections and technical analysis show a mixed outlook. Some indicators and predictions suggest that BNB could see a rise in the short term.
1. **Technical Analysis**: BNB has shown signs of being in an oversold market condition according to the stochastic oscillator, which could indicate an upward price correction in the coming days.
2. **Short Term Predictions**: According to some prediction models, the price of BNB could increase slightly in the coming days. For example, a projection for next week suggests a small increase in its value.
In summary, although there is potential for an increase in the price of BNB in the coming days, the inherent volatility of the cryptocurrency market and other external factors must be considered. It is important to continually monitor news and technical analysis to make informed decisions.
Additionally, global regulatory pressure on cryptocurrencies and centralized exchanges has contributed to a cautious sentiment among investors. The removal of Binance USD (BUSD) as a trading option on some exchanges and the decline in trading activity have also influenced the decline in BNB value.
Although long-term predictions suggest a possible recovery, with some analysts expecting a gradual rise in the coming months, it is important to note that the cryptocurrency market is highly volatile and influenced by many external factors.
#BNBcould see a rise in the coming days, although projections and technical analysis show a mixed outlook. Some indicators and predictions suggest that BNB could see a rise in the short term.
1. **Technical Analysis**: BNB has shown signs of being in an oversold market condition according to the stochastic oscillator, which could indicate an upward price correction in the coming days.
2. **Short Term Predictions**: According to some prediction models, the price of BNB could increase slightly in the coming days. For example, a projection for next week suggests a small increase in its value.
In summary, although there is potential for an increase in the price of BNB in the coming days, the inherent volatility of the cryptocurrency market and other external factors must be considered. It is important to continually monitor news and technical analysis to make informed decisions.
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The future of $BTC , according to experts:
Before seeing the analysts' opinions, it is necessary to understand that users, when they bought #Bitcoin 10 years ago, it was worth 600 USD.
In that period, the cryptocurrency has skyrocketed more than 10,000% to currently trade at $62,500.
This means that without a doubt, many investors would now be willing to take profits and sell their bitcoins.
John Glover, chief investment officer at cryptocurrency lending company Ledn, stated:
“Many will clearly cash out and enjoy the fact that having their assets trapped in the Mt. Gox bankruptcy was the best investment they ever made. Some will clearly choose to take the money and run,” he clarified to CNBC.
JPMorgan analysts also noted this situation:
“Assuming the majority of liquidations by Mt. Gox creditors take place in July, [this] creates a trajectory where cryptocurrency prices come under increased pressure in July, but begin to recover.” starting in August.”
However, many experts pointed out that the selling pressure would be for the short term.
“Many of the early adopters of Mt. Gox, as well as creditors, are long-term Bitcoin enthusiasts and are less likely to sell all their bitcoins immediately,” highlighted Lennix Lai, chief commercial officer at crypto exchange OKX.
Finally, CCData research analyst Jacob Joseph left an interesting reflection:
“A good portion of creditors are likely to take a 10% haircut on their holdings to receive early repayment, and not all holdings will be liquidated on the open market, reducing overall selling pressure,” he said.
$BTC
$BNB
#IntroToCopytrading #BinanceTournament" #Binance
Before seeing the analysts' opinions, it is necessary to understand that users, when they bought #Bitcoin 10 years ago, it was worth 600 USD.
In that period, the cryptocurrency has skyrocketed more than 10,000% to currently trade at $62,500.
This means that without a doubt, many investors would now be willing to take profits and sell their bitcoins.
John Glover, chief investment officer at cryptocurrency lending company Ledn, stated:
“Many will clearly cash out and enjoy the fact that having their assets trapped in the Mt. Gox bankruptcy was the best investment they ever made. Some will clearly choose to take the money and run,” he clarified to CNBC.
JPMorgan analysts also noted this situation:
“Assuming the majority of liquidations by Mt. Gox creditors take place in July, [this] creates a trajectory where cryptocurrency prices come under increased pressure in July, but begin to recover.” starting in August.”
However, many experts pointed out that the selling pressure would be for the short term.
“Many of the early adopters of Mt. Gox, as well as creditors, are long-term Bitcoin enthusiasts and are less likely to sell all their bitcoins immediately,” highlighted Lennix Lai, chief commercial officer at crypto exchange OKX.
Finally, CCData research analyst Jacob Joseph left an interesting reflection:
“A good portion of creditors are likely to take a 10% haircut on their holdings to receive early repayment, and not all holdings will be liquidated on the open market, reducing overall selling pressure,” he said.
$BTC
$BNB
#IntroToCopytrading #BinanceTournament" #Binance
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$PEPE Everything indicates that it is on the rise.
The Pepe Coin cryptocurrency has managed to enter the top 100 cryptocurrencies by market capitalization, the new Pepe meme token has risen 515% since its launch on April 16.
This makes it the best-performing cryptocurrency of recent weeks by a wide margin, and it appears its rally has not yet run out of steam.
However, since Pepe Coin does not offer any fundamental value beyond a "fun" mascot and a small community of holders, there is still a good chance that it will soon undergo a major correction.
Therefore, it is not surprising that investors are beginning to get excited about the new cryptocurrency that could follow in the footsteps of Pepe Coin's success: #AIDOGE
Pepe Coin Price Prediction: Will It Hit the Dollar?
Despite the rise in the last two weeks, the price of Pepe Coin has fallen in recent days.
Launched a couple of weekends ago, PEPE, is an ERC-20 token with a total maximum supply of 420 billion (a reference to the 4/20 culture).
It's worth noting that Pepe Coin has no connection to Matt Furie, the original creator of the Pepe Frog meme, while the identity of its creators is completely unknown.
This anonymity could indicate that this is a classic pump-and-dump/rug pull scam, and these suspicions are reinforced by the fact that the registrants of its official domain have chosen to remain anonymous, using a privacy service associated with a series of scams.
Still, despite Lookonchain and others making these warnings more than a week ago, Pepe Coin has remained balanced in its price.
If so, Pepe Coin could continue to rise in the medium term, but not in the long term.
The Pepe Coin cryptocurrency has managed to enter the top 100 cryptocurrencies by market capitalization, the new Pepe meme token has risen 515% since its launch on April 16.
This makes it the best-performing cryptocurrency of recent weeks by a wide margin, and it appears its rally has not yet run out of steam.
However, since Pepe Coin does not offer any fundamental value beyond a "fun" mascot and a small community of holders, there is still a good chance that it will soon undergo a major correction.
Therefore, it is not surprising that investors are beginning to get excited about the new cryptocurrency that could follow in the footsteps of Pepe Coin's success: #AIDOGE
Pepe Coin Price Prediction: Will It Hit the Dollar?
Despite the rise in the last two weeks, the price of Pepe Coin has fallen in recent days.
Launched a couple of weekends ago, PEPE, is an ERC-20 token with a total maximum supply of 420 billion (a reference to the 4/20 culture).
It's worth noting that Pepe Coin has no connection to Matt Furie, the original creator of the Pepe Frog meme, while the identity of its creators is completely unknown.
This anonymity could indicate that this is a classic pump-and-dump/rug pull scam, and these suspicions are reinforced by the fact that the registrants of its official domain have chosen to remain anonymous, using a privacy service associated with a series of scams.
Still, despite Lookonchain and others making these warnings more than a week ago, Pepe Coin has remained balanced in its price.
If so, Pepe Coin could continue to rise in the medium term, but not in the long term.
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$BTC downwards, let's wait how much the price will fall.
Losses are piling up in the cryptocurrency market after its second-worst weekly decline of 2024, a reflection of cooling demand for Bitcoin exchange-traded funds and uncertainty over monetary policy.
A gauge of the 100 largest digital assets fell about 5% in the seven days through Sunday, the steepest drop since April, according to data compiled by Bloomberg. This Monday, June 24, bitcoin lost 4% to trade at US$61,153 starting the day, a minimum of more than a month. The top token by market value has been rocked by a six-day streak of outflows from specialized US ETFs.
Gox, the Japanese cryptocurrency exchange that was hacked more than a decade ago, announced it would begin bitcoin and bitcoin cash redemptions in July. "Given the Mt Gox announcement, it seems that there are market participants taking a short position," Stefan von Haenisch, head of trading at OSL SG Pte. "Crypto markets are struggling to catch a bid at the moment."
The cryptocurrency crash comes amid doubts about the Federal Reserve's ability to quickly cut interest rates from their two-decade high. For some analysts, the decline in digital assets is a warning sign about risk appetite in general.
Current cryptocurrency market dynamics "are characterized by low volatility, low volumes, and order books that become unbalanced when prices begin to move toward the limits of their range," David Lawant, head of research at FalconX, wrote in a note.
The declines in some corners are especially notable: Ether and Solana's streak of weekly declines is the longest since last year and 2022, respectively.
Caroline Mauron of Orbit Markets says: "It looks like a bearish mood is setting in." "The market is having a hard time digesting large sell orders"
Losses are piling up in the cryptocurrency market after its second-worst weekly decline of 2024, a reflection of cooling demand for Bitcoin exchange-traded funds and uncertainty over monetary policy.
A gauge of the 100 largest digital assets fell about 5% in the seven days through Sunday, the steepest drop since April, according to data compiled by Bloomberg. This Monday, June 24, bitcoin lost 4% to trade at US$61,153 starting the day, a minimum of more than a month. The top token by market value has been rocked by a six-day streak of outflows from specialized US ETFs.
Gox, the Japanese cryptocurrency exchange that was hacked more than a decade ago, announced it would begin bitcoin and bitcoin cash redemptions in July. "Given the Mt Gox announcement, it seems that there are market participants taking a short position," Stefan von Haenisch, head of trading at OSL SG Pte. "Crypto markets are struggling to catch a bid at the moment."
The cryptocurrency crash comes amid doubts about the Federal Reserve's ability to quickly cut interest rates from their two-decade high. For some analysts, the decline in digital assets is a warning sign about risk appetite in general.
Current cryptocurrency market dynamics "are characterized by low volatility, low volumes, and order books that become unbalanced when prices begin to move toward the limits of their range," David Lawant, head of research at FalconX, wrote in a note.
The declines in some corners are especially notable: Ether and Solana's streak of weekly declines is the longest since last year and 2022, respectively.
Caroline Mauron of Orbit Markets says: "It looks like a bearish mood is setting in." "The market is having a hard time digesting large sell orders"
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Is it time to buy?
What do you recommend?
Bitcoin currently at 65K. If it hits a lower value, we can expect a drop to 62K. It will be the signal for people who trade futures. It is definitely not a good time to enter Long, even more so with altcoins, since when Bitcoin sneezes, they get pneumonia. Remember not to invest more money than you are willing to lose. $BTC
#Bitcoin
What do you recommend?
Bitcoin currently at 65K. If it hits a lower value, we can expect a drop to 62K. It will be the signal for people who trade futures. It is definitely not a good time to enter Long, even more so with altcoins, since when Bitcoin sneezes, they get pneumonia. Remember not to invest more money than you are willing to lose. $BTC
#Bitcoin
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#From an options market perspective, the implied volatility of BTC and ETH has decreased significantly in the last month, especially for options expiring within a month, indicating that traders do not expect a significant increase in volatility in the market. BTC is likely to fluctuate in a wide range between $58,000 and $72,000 in the next 1-2 months.
Looking at BTC ETFs, there has been continuous outflow over the past two weeks, indicating short-term profit taking. However, GBTC has seen its first net inflow, so from a BTC ETF fund flows perspective, the short-term selling pressure in the market has temporarily eased, and there is clear support for BTC in the lowest levels.
From a macro perspective, the Fed's Net Liquidity Ratio has begun to decline, and the growth of the total market value of stablecoins has slowed, validating the correction in the cryptocurrency market over the past month.
However, judging by the results of the interest rate meeting, Fed Chairman Powell will focus on the downward trend in the formation of inflation, the increase in the unemployment rate to 4.5% and the liquidity risks, which will determine whether there will be a rate cut. This indicates that the Fed is considering a rate cut path, while the market believes there will only be one rate cut this year, indicating a deviation. It is expected that there is room for the cryptocurrency market to anticipate an earlier and larger rate cut.
We expect the next peak of the bull market to be around September, and the main sectors that could see significant changes are:
- BTC ecosystem: new asset protocols such as runes, ARC20, $BTC layer 2, etc.
- AI sector: The heat of the AI sector will continue, and the ability to capture value in the secondary market will affect the valuation of financing in the primary market.
Looking at BTC ETFs, there has been continuous outflow over the past two weeks, indicating short-term profit taking. However, GBTC has seen its first net inflow, so from a BTC ETF fund flows perspective, the short-term selling pressure in the market has temporarily eased, and there is clear support for BTC in the lowest levels.
From a macro perspective, the Fed's Net Liquidity Ratio has begun to decline, and the growth of the total market value of stablecoins has slowed, validating the correction in the cryptocurrency market over the past month.
However, judging by the results of the interest rate meeting, Fed Chairman Powell will focus on the downward trend in the formation of inflation, the increase in the unemployment rate to 4.5% and the liquidity risks, which will determine whether there will be a rate cut. This indicates that the Fed is considering a rate cut path, while the market believes there will only be one rate cut this year, indicating a deviation. It is expected that there is room for the cryptocurrency market to anticipate an earlier and larger rate cut.
We expect the next peak of the bull market to be around September, and the main sectors that could see significant changes are:
- BTC ecosystem: new asset protocols such as runes, ARC20, $BTC layer 2, etc.
- AI sector: The heat of the AI sector will continue, and the ability to capture value in the secondary market will affect the valuation of financing in the primary market.
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Cryptocurrency forecast:
7+ projects that can do 100x in 2024
Cryptocurrency forecast over the next few months is in high demand due to the high volatility of this market. In fact, it is expected that several projects can make up to 100x in 2024. In this article, we will analyze a selection of projects whose return can be enormous.
Of course, any cryptocurrency forecast should be viewed largely as a valuation based on current events, but volatility can alter that prediction. Use this information as a basis for your own research and to help you find those diamonds in the rough in the crypto market.
This is the list of the projects selected in the current cryptocurrency forecast, considering that they can make up to 100x profitability in the future:
PlayDoge (PLAY) – Explosive new pre-sale with a winning P2E game and a nostalgic Doge.
Sealana (SEAL) – the latest Solana meme coin with a unique and singular pre-sale.
Wiener AI (WAI) – New meme coin with all the popularity of dogs and staking.
Dogeverse (DOGEVERSE) – Doge meme coin in pre-sale with 6 supported blockchains.
Mega Dice Token (DICE) – New GameFi pre-sale.
99Bitcoins (99BTC) – New cryptocurrency in pre-sale with multi-chain, staking and learning rewards.
Sponge V2 (SPONGE) – The new version of a memecoin that already made 100X.
Smog Token (SMOG) – The new airdrop that is wreaking havoc on the market.
eTukTuk (TUK) – A very promising and revolutionary green altcoin.
If you want more information about a specific person, leave your messages and LIKES in the POST. 😁📈
$USDC $BTC $ETH #solana #EarnFreeCrypto2024 #Binance #Ethereum #NFT
7+ projects that can do 100x in 2024
Cryptocurrency forecast over the next few months is in high demand due to the high volatility of this market. In fact, it is expected that several projects can make up to 100x in 2024. In this article, we will analyze a selection of projects whose return can be enormous.
Of course, any cryptocurrency forecast should be viewed largely as a valuation based on current events, but volatility can alter that prediction. Use this information as a basis for your own research and to help you find those diamonds in the rough in the crypto market.
This is the list of the projects selected in the current cryptocurrency forecast, considering that they can make up to 100x profitability in the future:
PlayDoge (PLAY) – Explosive new pre-sale with a winning P2E game and a nostalgic Doge.
Sealana (SEAL) – the latest Solana meme coin with a unique and singular pre-sale.
Wiener AI (WAI) – New meme coin with all the popularity of dogs and staking.
Dogeverse (DOGEVERSE) – Doge meme coin in pre-sale with 6 supported blockchains.
Mega Dice Token (DICE) – New GameFi pre-sale.
99Bitcoins (99BTC) – New cryptocurrency in pre-sale with multi-chain, staking and learning rewards.
Sponge V2 (SPONGE) – The new version of a memecoin that already made 100X.
Smog Token (SMOG) – The new airdrop that is wreaking havoc on the market.
eTukTuk (TUK) – A very promising and revolutionary green altcoin.
If you want more information about a specific person, leave your messages and LIKES in the POST. 😁📈
$USDC $BTC $ETH #solana #EarnFreeCrypto2024 #Binance #Ethereum #NFT
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$USDC $BTC $ETH #EarnFreeCrypto2024 #Binance #Bitcoin #Ethereum #USDC/USDT
The best opportunities to add to your portfolio in June 2024
Milei Currency (MEDA):
A new cryptocurrency meme inspired by the president of Argentina, Javier Milei, whose goal is to promote the equitable distribution of wealth.
Rebel Satoshi ($RECQ):
A utility token for the Rebel Satoshi ecosystem, used for transactions, interactions and earning rewards within the Rebel Satoshi Arcade.
NetMind Token (NMT):
The native token of NetMind Chain, a decentralized platform aimed at democratizing artificial intelligence and the computing power of machine learning.
Beam (BEAM):
The cryptocurrency token of the Beam network, a blockchain-based gaming ecosystem, with a current market cap of around $1.4B.
Alephium (ALPH):
A project that uses a novel sharding algorithm for high transaction performance, currently undervalued with a market cap of $136M.
Cosmic Network (COSMIC):
A decentralized peer-to-peer (P2P) virtual private network (VPN) service powered by artificial intelligence (AI).
Wicrypt (WNT):
The native token of the Wicrypt ecosystem, a decentralized hotspot trading and token mining network, with a current market capitalization of around $3.5M.
The best opportunities to add to your portfolio in June 2024
Milei Currency (MEDA):
A new cryptocurrency meme inspired by the president of Argentina, Javier Milei, whose goal is to promote the equitable distribution of wealth.
Rebel Satoshi ($RECQ):
A utility token for the Rebel Satoshi ecosystem, used for transactions, interactions and earning rewards within the Rebel Satoshi Arcade.
NetMind Token (NMT):
The native token of NetMind Chain, a decentralized platform aimed at democratizing artificial intelligence and the computing power of machine learning.
Beam (BEAM):
The cryptocurrency token of the Beam network, a blockchain-based gaming ecosystem, with a current market cap of around $1.4B.
Alephium (ALPH):
A project that uses a novel sharding algorithm for high transaction performance, currently undervalued with a market cap of $136M.
Cosmic Network (COSMIC):
A decentralized peer-to-peer (P2P) virtual private network (VPN) service powered by artificial intelligence (AI).
Wicrypt (WNT):
The native token of the Wicrypt ecosystem, a decentralized hotspot trading and token mining network, with a current market capitalization of around $3.5M.
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The artificial intelligence corrected its prediction and revealed the PRICE OF #Bitcoin❗️ that it projects for the end of 2024.
The price of Bitcoin has experienced ups and downs after reaching its all-time high of $73,738 on March 14, 2024
As of May 29, 2024, the price of BTC is around USD 67,500
A few months ago, artificial intelligence had predicted that the price of the main cryptocurrency would reach USD 120,000 by the end of 2024.
However, after the latest news from the crypto ecosystem, he revised his prediction and shared a new projection with us.
What will be the price of bitcoin by the end of 2024, according to artificial intelligence
"Based on my analysis of the information available on the internet, including charts, market trends, analyst opinions and geopolitical events, I believe that the price of Bitcoin by the end of 2024 will be in a range between USD 70,000 and USD 100,000," he shared. Google's artificial intelligence.
There are several factors that could influence the price of Bitcoin in the future:
Reducing inflation in the United States: If inflation continues its downward trend, this could be positive for the price of Bitcoin, as it is often seen as a safe haven asset in times of economic uncertainty.
Adoption by institutions: Greater adoption of Bitcoin by financial institutions and businesses could increase demand and therefore the price.
Regulation: Regulation of the cryptocurrency market by governments could have a significant impact on the price of Bitcoin, both positive and negative.
Geopolitical events: Geopolitical events such as wars or economic crises could affect the price of Bitcoin, just as they do with other risk assets.
"Considering these factors, and seeking more precision, the most likely price of bitcoin by the end of 2024 would be around USD 80.000", revealed the artificial intelligence.
The price of Bitcoin has experienced ups and downs after reaching its all-time high of $73,738 on March 14, 2024
As of May 29, 2024, the price of BTC is around USD 67,500
A few months ago, artificial intelligence had predicted that the price of the main cryptocurrency would reach USD 120,000 by the end of 2024.
However, after the latest news from the crypto ecosystem, he revised his prediction and shared a new projection with us.
What will be the price of bitcoin by the end of 2024, according to artificial intelligence
"Based on my analysis of the information available on the internet, including charts, market trends, analyst opinions and geopolitical events, I believe that the price of Bitcoin by the end of 2024 will be in a range between USD 70,000 and USD 100,000," he shared. Google's artificial intelligence.
There are several factors that could influence the price of Bitcoin in the future:
Reducing inflation in the United States: If inflation continues its downward trend, this could be positive for the price of Bitcoin, as it is often seen as a safe haven asset in times of economic uncertainty.
Adoption by institutions: Greater adoption of Bitcoin by financial institutions and businesses could increase demand and therefore the price.
Regulation: Regulation of the cryptocurrency market by governments could have a significant impact on the price of Bitcoin, both positive and negative.
Geopolitical events: Geopolitical events such as wars or economic crises could affect the price of Bitcoin, just as they do with other risk assets.
"Considering these factors, and seeking more precision, the most likely price of bitcoin by the end of 2024 would be around USD 80.000", revealed the artificial intelligence.
#PayPal
Rleases its stablecoin natively on $SOL #blockchain
Payment giant PayPal (NASDAQ:PYPL) has officially deployed its fiat-backed #Stablecoins , PayPal #USD (PYUSD/USD) on the Solana blockchain, which is popular for its cheap, quick transactions and the backing of numerous ecosystem applications.
Per its official statement, this integration makes #PYUSD transactions faster and cheaper, offering users increased flexibility and control by providing the option to use multiple blockchains.
The integration with Solana ensures that PayPal and Venmo wallets display PYUSD as a unified balance. Users can choose to send PYUSD on either the Ethereum or Solana blockchains when transferring to external wallets. Additionally, PYUSD is now available for purchase on platforms like Crypto.com, Phantom, and Paxos.
The timing of PayPal's announcement coincides with a surge in the stablecoin market. Ripple said in April it plans to launch a stablecoin designed primarily for enterprise clients, alongside XRP, later this year.
PayPal became the first major financial services company to release a public stablecoin with the introduction of PYUSD last August. Issued by Paxos Trust Co. and pegged to the dollar, PYUSD allows customers to redeem it for dollars, use it for purchases, and buy other cryptocurrencies.
Despite numerous efforts to expand the utility of its PYUSD stablecoin, USDC and Tether’s USDT still account for nearly 99% of the stablecoin market on Solana.
Stablecoins are among the most successful real-world applications of crypto technology, and they are increasingly being used to pay for goods and services in various parts of the world.
#EarnFreeCrypto2024 #Solana
Rleases its stablecoin natively on $SOL #blockchain
Payment giant PayPal (NASDAQ:PYPL) has officially deployed its fiat-backed #Stablecoins , PayPal #USD (PYUSD/USD) on the Solana blockchain, which is popular for its cheap, quick transactions and the backing of numerous ecosystem applications.
Per its official statement, this integration makes #PYUSD transactions faster and cheaper, offering users increased flexibility and control by providing the option to use multiple blockchains.
The integration with Solana ensures that PayPal and Venmo wallets display PYUSD as a unified balance. Users can choose to send PYUSD on either the Ethereum or Solana blockchains when transferring to external wallets. Additionally, PYUSD is now available for purchase on platforms like Crypto.com, Phantom, and Paxos.
The timing of PayPal's announcement coincides with a surge in the stablecoin market. Ripple said in April it plans to launch a stablecoin designed primarily for enterprise clients, alongside XRP, later this year.
PayPal became the first major financial services company to release a public stablecoin with the introduction of PYUSD last August. Issued by Paxos Trust Co. and pegged to the dollar, PYUSD allows customers to redeem it for dollars, use it for purchases, and buy other cryptocurrencies.
Despite numerous efforts to expand the utility of its PYUSD stablecoin, USDC and Tether’s USDT still account for nearly 99% of the stablecoin market on Solana.
Stablecoins are among the most successful real-world applications of crypto technology, and they are increasingly being used to pay for goods and services in various parts of the world.
#EarnFreeCrypto2024 #Solana
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Will Robert #Kiyosaki 's prediction for Bitcoin come true or not in June?
The author of 'Rich Dad, Poor Dad' made a bold forecast at the beginning of 2024.
Robert Kiyosaki is a renowned author and investor who became world famous after the publication of his book 'Rich Dad, Poor Dad', whose first edition dates back to 1997.
Historically, Kiyosaki defended investment in gold and silver, considering that they were incorruptible assets, unlike accumulating dollars or fiat money, in constant devaluation. In recent years it has incorporated bitcoin (BTC) into its basket of assets to accumulate for the long term.
Very present on the social network
One of them, carried out in February 2024 and timely reported by #CriptoNoticias , is characterized by its temporal specificity.
The author of 'Rich Dad, Poor Dad' said at that time that bitcoin would reach $100,000 in June.
The date has gotten quite close.
Could BTC reach such a mark next month?
It is worth clarifying that any prediction should be considered, of course, as a speculative exercise based on data and not as an infallible statement.
Historically, the months of May and June have been moderately bullish, on average, for bitcoin.
A well-known saying from the world of finance says that “history does not repeat itself, but it tends to rhyme.” If this were to happen again, bitcoin could see some appreciation in the coming 2 months. But this appreciation is unlikely to be the 56% that bitcoin would require to reach the long-awaited $100,000 mark.
Investor Arthur Hayes, for example, anticipates "being more moderate than Kiyosaki" that Bitcoin will be lateralizing between $60,000 and $70,000 until August.
#EarnFreeCrypto2024 #Binance #Bitcoin
The author of 'Rich Dad, Poor Dad' made a bold forecast at the beginning of 2024.
Robert Kiyosaki is a renowned author and investor who became world famous after the publication of his book 'Rich Dad, Poor Dad', whose first edition dates back to 1997.
Historically, Kiyosaki defended investment in gold and silver, considering that they were incorruptible assets, unlike accumulating dollars or fiat money, in constant devaluation. In recent years it has incorporated bitcoin (BTC) into its basket of assets to accumulate for the long term.
Very present on the social network
One of them, carried out in February 2024 and timely reported by #CriptoNoticias , is characterized by its temporal specificity.
The author of 'Rich Dad, Poor Dad' said at that time that bitcoin would reach $100,000 in June.
The date has gotten quite close.
Could BTC reach such a mark next month?
It is worth clarifying that any prediction should be considered, of course, as a speculative exercise based on data and not as an infallible statement.
Historically, the months of May and June have been moderately bullish, on average, for bitcoin.
A well-known saying from the world of finance says that “history does not repeat itself, but it tends to rhyme.” If this were to happen again, bitcoin could see some appreciation in the coming 2 months. But this appreciation is unlikely to be the 56% that bitcoin would require to reach the long-awaited $100,000 mark.
Investor Arthur Hayes, for example, anticipates "being more moderate than Kiyosaki" that Bitcoin will be lateralizing between $60,000 and $70,000 until August.
#EarnFreeCrypto2024 #Binance #Bitcoin
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