I hope this Christmas brings you all the warmth and comfort that you deserve.
May you find joy and peace in the company of loved ones, and may your heart be filled with the true spirit of giving. Wishing you a Merry Christmas and a blessed holiday season, and I hope that you all will be able to help those in need during this special time.
Rocketing to the Moon: Binance Coin (BNB) and Dogecoin (DOGE) Soar in Latest Market Surge! 📈
The latest surge in the crypto market has seen Binance Coin (BNB) and Dogecoin (DOGE) soar, alongside Bitcoin's overnight surge of $35,000.
Experts predict that these two coins will continue to perform well in the coming year as the entire market is expected to explode.
Despite regulatory pressures, Binance continues to dominate the digital currency exchange market, collecting over 50% of all spot volume on centralised platforms.
BNB was punished in the market due to regulatory uncertainties but has regained ground after the currency 25th quarterly burn, where 2.14 million tokens were burned for over $470 million.
The next price targets for BNB are $250 and $300, which could usher in a bull market for the currency.
Meanwhile, DOGE closed yesterday's daily candle up +10%, and analysts predict a rally is just around the corner, especially if it is implemented within Elon Musk's social platform X.
Despite recent overbought territory, prices for both BNB and DOGE are expected to stabilise within a few weeks before the rally resumes.
Mina Protocol (MINA) has experienced a significant surge in price, leading the altcoin market today.
The world's lightest blockchain network has seen an 88% rally in the past 24 hours, with its price now at $0.7712 and potentially retesting its year-to-date high of $1.17.
Potential reason behind this Surge:
The cause of this price increase can be attributed to Binance's adoption of zk-SNARKs, which ensure confidentiality and security during proof-of-reserve verification.
Mina Protocol is one of the key beneficiaries of this trend towards zero-knowledge proofs, as its design and autonomous computing capabilities make it the lightest-weight blockchain.
Bitcoin's Bull Run Triggers Massive Short Liquidations: $220 Million Lost in Minutes!
Bitcoin's surge past $34,000 has caused over $220 million in leveraged short positions to be wiped out over the past 24 hours, with derivatives traders enduring more than $400 million in liquidations.
Short positions were hit hardest, with over $304 million in shorts liquidated compared to $97.5 million in long positions.
This is the largest liquidation since August 17. The global cryptocurrency market capitalization has increased to $1.32 trillion, a rise of 9.8% over the last 24 hours.
Analysts observe bullish signals, with increased interest from institutional investors amid economic uncertainty and global unrest.
Over the past 24 hours, the Pepe meme coin (PEPE) has defied the dominance of Bitcoin (BTC) by experiencing a 31% surge in price following a token burn of 6.9 trillion ($5.5 million).
The token burn involves permanently removing tokens from circulation by sending them to an address not controlled by anyone.
This action has allayed concerns over the team's token holdings, leading to PEPE trading at a two-month high. The team currently holds 3.79 trillion tokens ($3.72 million), which would have minimal impact if sold on the open market due to the surge in 24-hour trading volume, which now stands at $397 million according to CoinMarketCap.
The decision to burn tokens was prompted by a series of unexpected transfers executed by rogue developers who allegedly stole millions of dollars worth of Pepe from the project's multisignature wallet.
The tokens burned represent 1.6% of the memecoin's total supply.
The rise in PEPE coincided with Bitcoin rallying to a 17-month high of $35,000, driven by optimism surrounding the potential approval of a spot exchange-traded fund (ETF).
This Shibarium Milestone will sky Rocket Shiba Inu price 📈🔥
Shiba Inu's recent price movement indicates that the meme token has rebounded from its critical support level of $0.0000061, potentially setting the stage for a bull run.
Over the past 24 hours, the cryptocurrency has risen by 3.63%, and over a seven-day period, it has increased by 5.79%. However, a longer timeframe reveals that the value of the cryptocurrency has dropped by 49% since reaching its yearly high of $0.00001471 on February 5.
Nonetheless, there may be positive momentum building, especially with Shiba Inu's Layer-2 scaling solution, Shibarium, achieving a new milestone.
Shibarium Reaches 1.3 Million Mined Blocks🔥
Shibarium was developed to provide faster transaction times and lower gas fees for Shiba Inu, and it has been well-received by the community. Shibariumscan data indicates that it has recently surpassed 1.3 million mined blocks and a total transaction of 3.574 million. Past news about Shibarium has always had a positive impact on the price of SHIB, with each new milestone driving up the price.
Potential Price Impact For SHIB?
Rumors about its launch in August pushed SHIB to $0.00001137, although it has since lost most of those gains.
At present, SHIB is trading at $0.000007484, and it appears to be on the verge of a price breakout that could retest its August highs, resulting in a 43% increase from its current price.
How much price AI predicts of Bitcoin till Halloween 2023 ❓
Artificial intelligence and machine learning algorithms are predicting continued success for Bitcoin in the cryptocurrency market leading up to Halloween.
CoinCodex's AI-driven algorithms have set the price of Bitcoin at $41,160 for October 31, while OpenAI's ChatGPT notes that Halloween has historically seen significant variations in Bitcoin's price without providing specific figures.
Despite tough times for the crypto sector in 2022, Bitcoin was trading above $21,000 by the end of October, a significant increase from the $19,300 zone it recorded on October 1.
On Halloween in 2021, Bitcoin was worth $61,300, a 344.39% increase from the previous year.
#Bitcoin price must break $31K to avoid 2023 'bearish fractal' _____________________________________
BTC price needs to recoup some more key levels before ditching longer-term bearish risk, the latest Bitcoin analysis says.
BTC $30,900 held above $30,000 at the Oct. 23 Wall Street open as analysis said BTC price strength could cancel its “bearish fractal.
Rekt Capital argued that BTC/USD could disregard the bearish chart fractal in play throughout 2023 next. This had involved the two year-to-date highs near $32,000 forming a double top formation, with downside due as a result.
Specifically, Bitcoin required a “breach” of $31,000 in order to do so.
More encouraging cues came from the True Market Deviation indicator from on-chain analytics firm Glassnode. Bitcoin’s True Mean Market price (TMM) — the level that BTC/USD spends exactly 50% above or below — is now below spot price, at $29,780.
As the bullish wave on the wider crypto market continues, partially triggered by the court victory of blockchain company Ripple against the United States Securities and Exchange Commission (SEC), indicators suggest that Bitcoin (BTC) could see more significant gains in the years to come.
Specifically, Finbold has consulted multiple artificial intelligence (AI) platforms, including text-based generative bots Google Bard and ChatGPT, as well as crypto analytics platforms deploying this technology to provide insights into the price of the flagship decentralized finance (DeFi) asset in 2030, and they have delivered
📍What Bard and ChatGPT say
As it happens, Google Bard has listed several notable predictions for the price of Bitcoin by 2030, including by investment giant ARK Invest, which projects $1 million, and by crypto forecasting site DigitalCoinPrice, which sets the average price of the maiden cryptocurrency at $305,981.71.
According to Google Bard, other analysts have also offered bullish views ranging from $427,000 to $1 million, “while others maintain a more cautious stance, predicting prices around $45,000 to $60,000” for Bitcoin in 2030, as the AI chatbot pointed out.
Furthermore, as for ChatGPT, the brainchild of OpenAI, has offered a range between $100,000 and $1 million in the same time period. According to the AI chatbot: “Some predictions suggest that Bitcoin could reach values ranging from $100,000 to even $1 million per coin by 2030. These projections are based on factors such as increasing adoption, limited supply, and the possibility of Bitcoin becoming a global reserve currency.”
📍AI algorithms
Meanwhile, the AI-based algorithms used by the crypto market analytics platform CoinCodex set the price of Bitcoin at $141,600 on December 26, 2030, which would represent an increase of 364.38% from its value at the time of publication.
$ADA : Analyst Lists Five Reasons Why Cardano’s ADA Will Underperform This Bull Run.
A popular crypto analyst recently shared her skepticism about Cardano’s ADA performing well in the ongoing bull market🐂
She also mentioned her respect for Charles Hoskinson, Cardano’s founder, but emphasized that her admiration for him doesn’t extend to the ADA cryptocurrency.
📍 Slow Development Pace
The analyst criticized Cardano for its slow development process. She pointed out that the network has experienced multiple delays, including the postponement of the Vasil hard fork due to technical issues.
📍 Low User Engagement
The analyst noted that Cardano ranks 13th in daily active users and 30th in protocols, which refers to the number of projects being built on the platform. She argued that these metrics indicate a lack of engagement and development activity, which could lead to Cardano becoming irrelevant.
📍 Performance Metrics
The analyst stated that Cardano’s average transaction latency is 20 seconds, which is slower than Ethereum and significantly slower than other competitors like Solana and Polygon.
📍Overhyped and Lacking Substance
The analyst accused Cardano of being overhyped, largely due to its partnership with global advertising and marketing agency McCann Dublin (which went bankrupt in April 2023). She argued that the hype is manufactured and not backed by substantial development or adoption.
📍Lack of Real-World Adoption
Lastly, the analyst criticized Cardano for its lack of real-world adoption. She mentioned that although Cardano has announced various partnerships, especially in Africa, these have yet to show significant real-world impact.
📍Future Prospects
The analyst also touched upon Cardano’s future, stating that she believes the platform will continue to lag behind, especially in 2024 and 2025. She mentioned that new and innovative blockchain technologies are on the horizon, and Cardano will struggle to keep up.
$BTC $ETH $XRP Bitcoin Jumps Over $30K as ETF Hope Drives Bulls
Bitcoin forks led alternative token gains in the past 24 hours, outpacing major tokens.
Bitcoin (BTC) crossed the $30,000 mark during the morning hours on Friday, extending its weekly gains to over 11% as bullish sentiment around a possible spot bitcoin exchange-traded fund (ETF) approval in the U.S. gained momentum.
Tokens formed by the forking of Bitcoin, Bitcoin Cash (BCH) and Bitcoin SV (BSV) jumped as much as 26% to lead gains among alternative tokens in a sign of possible irrational exuberance.
Several ETF providers amended their filings over multiple days in the past week alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its stance on a bitcoin ETF approval.
(With the) bitcoin ETF approval and halving event in April, the crypto market could kickstart a very robust bull market.
Is $135,000 The Next Stop For Bitcoin? Rich Dad Poor Dad Author Thinks So. . . . -----------------------++++----------------++++-----
Bullish Bitcoin investors are cheering the digital asset’s reclamation of a perch above $30,000 in recent days, but the rally back above that threshold only served to buoy bold predictions that the world’s largest and oldest crypto will hit six figures in the near future.
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad”, says BTC is heading to an astonishing $135,000 coin.
Bitcoin could trade at an eye-watering $135,000 per coin. That’s according to businessman Robert Kiyosaki, who on Friday, shared his latest bullish BTC price prognosis in a tweet. Kiyosaki strongly believes that $135K is Bitcoin’s next stop.
Besides the OG cryptocurrency, the renowned author also proclaimed his bullish position on traditional safe-haven assets like gold and silver. He expects gold to cross $2,100 soon before eventually hitting a whopping $3,700. Similarly, he predicts silver to jump from its current $23 level to $68 per ounce.
Kiyosaki summarized his post by cautioning that those who save “fake dollars” would face financial repercussions and urged investors to be vigilant of their financial decisions.
His Views on Bitcoin ETFs:
Multiple ETF issuers revised their applications in recent days alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its perspective on greenlighting spot Bitcoin ETFs.
Kiyosaki is a well-known advocate of Bitcoin, frequently advising his followers on the X platform to buy the flagship crypto. In August, he characterized Bitcoin as “people’s money”, while gold and silver are “God’s money”. At the time, he predicted that BTC was going to $100,000 and potentially $1 million if the world economy crashes.
Bitcoin is currently trading for $29,935.76 as of publication time. But, based on Kiyosaki’s contentious track record, his forecasts should be taken with a huge grain of salt. . . $BTC $ETH $XRP