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$BTC On the weekly timeframe for #Bitcoin , we can see a long candle breaking the 47k resistance level and closing above it. In my opinion, this may drive the price through the next resistance zone at around $52,400. However, in the shorter timeframe, we may see a healthy retracement towards the 47k.
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How Investing Just $1000 NOW in Ripple’s XRP Could Turn You Into a Millionaire – Find Out How! The post How Investing Just $1000 NOW in Ripple’s XRP Could Turn You into a Millionaire – Find Out How! appeared first on Coinpedia Fintech News Despite maintaining a 27% increase in value since January 2023, Ripple’s XRP has faced a challenging start to 2024. The coin has experienced a 1.8% decline in the weekly charts, a 2.4% drop in the 14-day charts, and a notable 10.5% decrease over the past week. However, investor satisfaction is low as XRP struggles to meet expectations in its current performance. Even with its current performance, XRP holds the potential to turn average income earners into millionaires overnight with a mere $1,000 investment. $1000 Can Turn Into $1 million Considering an investment of $1,000 in XRP at its current price of $0.52, you would acquire 1,923 XRP coins. Here’s the interesting part: If the price of XRP goes up to $520, the value of your 1,923 coins could become a whopping $1 million! Meanwhile, getting to a price of $500 or $520 for XRP is a really tough task. It means XRP has to increase by a massive 100,000% from what it is now. According to the predictions of Changelly, it might take until the year 2050 for XRP to reach $500. Interestingly, Changelly even thinks that the lowest XRP price in 2050 could be around $544, and the highest might go up to $629. Even though it seemed unlikely, XRP might reach the $520 price target earlier than expected. Factors That Could Surge XRP To $500 Despite initial skepticism, there’s a potential for Ripple’s XRP to breach the $500 level sooner than expected. However, a few factors need consideration. Firstly, a favorable outcome in Ripple’s legal battle with the SEC is crucial. Secondly, achieving more global adoption is vital. While XRP is popular for cross-border remittance, expanding its user base is necessary for reaching higher price levels. Thirdly, XRP could experience a surge during favorable market conditions and a bull run. The absence of an all-time high during the 2024
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$BTC 6-figure BTC Price in 2024? Bitcoin Analyst Says $55K Now 'worst Case' Bitcoin (BTC) has a new six-figure price target for 2024 as institutional inflows flood the market. In fresh analysis on X (formerly Twitter) on Feb. 11, Ki Young Ju, CEO of analytics platform CryptoQuant, predicted $112,000 per bitcoin this year. Bitcoin ETFs have power to send BTC price to $112,000 The launch of the United States’ first spot Bitcoin exchange-traded funds (ETFs) last month has opened up inroads for institutional capital. CryptoQuant’s Ki agrees, with his latest market forecast considering the impact of the investment on Bitcoin’s realized cap. Realized cap reflects the aggregate price at which the BTC supply last moved. According to CryptoQuant data, the ETFs’ combined inflows could add another $114 billion to the existing $451 billion tally this year alone. “Bitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly. Even with $GBTC outflows, a $76B rise could elevate the realized cap from $451B to $527-565B,” Ki commented. Spot Bitcoin ETF holdings, Bitcoin realized cap. Source: Ki Young Ju/X The post referenced ongoing outflows from the Grayscale Bitcoin Trust (GBTC), which themselves have declined considerably in the first month of its operations as a spot ETF. Summarizing the likely price action ahead, Ki gave a “worst case” scenario figure of $55,000-$59,000. Back: "Even $100,000" possible before halving As Cointelegraph continues to report, BTC price targets for the coming year vary considerably — but bullish culminations to 2024 are hardly in short supply. Related: Bitcoin shorts should brace to ‘get squeezed’ as BTC price eyes $50K April’s block subsidy halving is of particular interest to market observers. In recent days, more voices have bolstered the narrative of a new all-time high potentially occurring even before the halving event, now just over two months away. Among them is Adam Back, CEO of Bitcoin technology firm Blockstream and one of the
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6-figure BTC Price in 2024? Bitcoin Analyst Says $55K Now 'worst Case' Bitcoin (BTC) has a new six-figure price target for 2024 as institutional inflows flood the market. In fresh analysis on X (formerly Twitter) on Feb. 11, Ki Young Ju, CEO of analytics platform CryptoQuant, predicted $112,000 per bitcoin this year. Bitcoin ETFs have power to send BTC price to $112,000 The launch of the United States’ first spot Bitcoin exchange-traded funds (ETFs) last month has opened up inroads for institutional capital. CryptoQuant’s Ki agrees, with his latest market forecast considering the impact of the investment on Bitcoin’s realized cap. Realized cap reflects the aggregate price at which the BTC supply last moved. According to CryptoQuant data, the ETFs’ combined inflows could add another $114 billion to the existing $451 billion tally this year alone. “Bitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly. Even with $GBTC outflows, a $76B rise could elevate the realized cap from $451B to $527-565B,” Ki commented. Spot Bitcoin ETF holdings, Bitcoin realized cap. Source: Ki Young Ju/X The post referenced ongoing outflows from the Grayscale Bitcoin Trust (GBTC), which themselves have declined considerably in the first month of its operations as a spot ETF. Summarizing the likely price action ahead, Ki gave a “worst case” scenario figure of $55,000-$59,000. Back: "Even $100,000" possible before halving As Cointelegraph continues to report, BTC price targets for the coming year vary considerably — but bullish culminations to 2024 are hardly in short supply. Related: Bitcoin shorts should brace to ‘get squeezed’ as BTC price eyes $50K April’s block subsidy halving is of particular interest to market observers. In recent days, more voices have bolstered the narrative of a new all-time high potentially occurring even before the halving event, now just over two months away. Among them is Adam Back, CEO of Bitcoin technology firm Blockstream and one of the “OG” cryptocurrency
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Crypto will make you live poor, while you're rich in dollars. Crypto traders are the only traders that are always looking for more money to invest. No one has hope like crypto traders... They will tell you it's just a dip, it will rise again. Crypto traders hardly sleep at night. Finally, crypto traders don't easily fall into depression after heartbreaks. You want to break a heart that has been rugged, dipped and battered with dumps? It's too late. With these few points of mine, hope I've convinced you to become a crypto trader/ investor. what are your guys opinion on it???? #Write2Earn #TrendingTopic #DYM #BTC
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