The #Bitcoin price saw a spike in volatility due to the decision around the spot Exchange Traded Fund (ETF). Market participants await an announcement at any point during the upcoming days, which will likely result in further spikes in volatility.As of this writing, the Bitcoin price trades at $43,900 with a 1% profit recorded over the last 24 hours. Over the previous seven days, the cryptocurrency records a 3% increase, acting as the best-performing asset in the crypto top 10 by market cap.BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on TradingviewBitcoin Price Ready For A Massive Rally?According to many analysts, the potential implications for the Bitcoin price should the spot ETFs get approval are “impossible” for the market to price in this event. Thus, the bullish effects of this approval can only impact BTC in the mid to long-term as capital enters the financial product.On the other hand, volatility has been susceptible to sudden spikes, as mentioned above. In late 2022, any news related to the Bitcoin ETF moved the market by thousands of dollars, most notably, the report by the crypto news outlet Cointelegraph inaccurately announcing the financial product launch before receiving confirmation from the US Securities and Exchange Commission (SEC).Developer Samson Mow claims this effect can benefit Bitcoin prices by pushing them beyond expectations. This week, two conflicting reports by analysis firm Matrixport pushed BTC back to critical support levels.A similar effect might drive Bitcoin back above the $50,000 area. Mow stated:Bitcoin dropped $5k on some fake news from a no-name analyst. Imagine what happens when a dozen ETFs are approved and start smash market buying. You may think an Omega candle is impossible, but it’s very real.Confidence In BTC Grows StrongerIn support of the bullish thesis, trading desk QCP Capital pointed at the recent leverage “washed out” triggered by the Matrixport reports. Over $1 billion in long liquidations were triggered as BTC returned to the $40,000 level.However, the cryptocurrency climbed back and re-took these levels’ mid-area. In a report, QCP Capital stated the following regarding Bitcoin’s potential to see a stronger rally in the mid-term:For now, the topside remains capped by resistance at the 46 – 48.5k region with support at the 40.5 – 42k region. In spite of the leveraged washout, BTC has climbed back up to 44,000 level. While we remain wary of a “sell the news” knee-jerk reaction to the downside, this resilient price action gives us more confidence in the medium-term bullish view into BTC halving towards Mar/Apr this year.Cover image from Unsplash, chart from Tradingview$BTC #2024withBinance

Polygon (MATIC) shows bullish trends, with a recent surge above $1; analysts predict further growth in January.Polygon is witnessing a notable bullish trend as its native token, MATIC, shows promising growth at the onset of 2024. Following an impressive end to the previous year, MATIC’s performance continues to capture the attention of investors and analysts alike, hinting at a potential for further price increases.The year began with MATIC recording a 2.04% increase on New Year’s Eve, positioning itself in bullish sentiment. This rise is part of a broader trend that saw the cryptocurrency gain nearly 17% in the past week alone. At the time of reporting, the Polygon token is trading at $1.02 with a 24-hour robust surge of 5.38 percent higher. Analysts’ Optimism for PolygonIn a recent Twitter update, a crypto analysis realm, “Altcoin Sherpa,” expressed a bullish prediction on MATIC’s future price. Altcoin Sherpa anticipates MATIC to potentially reach a price target of $1.20 in the medium term. This prediction echoes a broader sentiment in the crypto community, seeing MATIC possibly hit the $2 milestone this year.MATIC has noticeably lagged but I think it should go to $1.20 in the short/mid term here. Still looks pretty strong and should be a decent one to trade now. Uncertain if this outperforms other narratives/ L1 type of coins in 2024 though. Treat this more as a trade vs.…Ali Martinez, another crypto analyst shared his insights on Twitter the same day, presenting a slightly optimistic short-term view. According to Ali Martinez, MATIC is poised to climb to $1.25 in the near future. MATIC price has been trending upwards after rising to a daily high of $1.03. With low volatility, Polygon’s price has been trading in a narrow range of $0.9757 to $1.05.His long-term forecast is more optimistic, with a target of $1.82. Martinez’s predictions are grounded in technical analysis, specifically breaking a symmetrical triangle pattern on the MATIC chart, which has been forming for several months. MATIC, the native asset of the Polygon PoS chain, ended 2023 with only a 28% price gain, compared to other cryptocurrencies that doubled their prices.Momentum Building in MATIC’s MarketIn the recent 4-hour chart, MATIC’s buyers have shown a consolidated effort around $0.9886. This has led to a significant momentum buildup, breaching the crucial $1.00 mark and achieving an intraday high of $1.03. Despite this surge, the price returned to the supply zone at $1.00, where MATIC/USD formed several double bottoms. The trading pattern has remained tight, fluctuating between $0.9757 and $1.03. These minimal changes suggest the market is on the cusp of establishing a more defined uptrend.The last 24 hours have been pivotal for MATIC, with bulls gaining additional momentum to overcome the minor resistance at $1.03. The price hovers above all moving averages, including a noteworthy rise above the EMA 10 ($0.9671) and SMA 10 ($0.9744) at the start of today’s trading session. The MACD shows a positive outlook at 12, 26, while the RSI at 31 and Stochastic%K at 75.77 maintain a neutral to bullish stance.Polygon Price Prediction The bulls in the MATIC market are setting their sights on surpassing the $1.50 threshold. The Ichimoku baseline analysis (9,26,52,26) presents a market leaning from neutral to bullish. However, if the momentum wanes, MATIC could see a retraction to its main support at the SMA 100 level of $0.88.MATIC/USD daily chart, Source | TradingViewFailing to hold this line might trigger a bearish target of $0.75, potentially leading to a downturn below $0.70. Conversely, the immediate resistance is identified at the Hull Moving Average 9 ($1.099). This sets the stage for MATIC to possibly revisit its intraday high, as technical indicators hint at a continued bullish trend.#priceprediction #BinanceTournament #Osmy_CryptoZ #2024withBinance #MATICAnalysis

A prominent crypto lawyer who helped Ripple Labs and #XRP in the case against the U.S. Securities and Exchange Commission (SEC) is volunteering to represent US retail token holders during an upcoming Congressional hearing.Responding to an announcement made by the Financial Services GOP about the upcoming Capital Markets and Digital Assets, Financial Technology and Inclusion hearing, crypto attorney John Deaton volunteers his services to US retail token holders, saying that he could testify on their behalf and represent their interests.According to Deaton, Gary Gensler, the Chairman of the SEC, does not have the best interest of retail investors at heart while the Biden administration, alongside Senator Elizabeth Warren – who authored legislation that has been purported as anti-crypto – is actively harming the crypto community.“If you want someone to testify who actually represents the interests of token holders –not crypto companies – and who has taken on the SEC and who’s helped expose just how much Gary Gensler does NOT protect investors – I volunteer my services.I represented 75,000 XRP holders as amicus counsel in the Ripple case and I was amicus counsel in the case and I represent over 5,000 Coinbase customers related to the SEC suit against Coinbase – you know, the company the SEC approved to go public and then 2 years later sued claiming the entire business model is illegal.If you want the American public to learn what Gary Gensler and the Biden/Warren Administration is doing to harm everyday regular Americans, let me know.”XRP is trading for $0.585 at time of writing, a 1.74% increase during the last 24 hours.$XRP #2024withBinance

A Solana meme coin trader has turned heads with an impressive 78% win rate. Over the span of just 11 days, this sharp individual engaged in 27 meme coin trades, with a remarkable 21 of them churning out profits.An analysis of the trader's holdings reveals meticulous selections with significant returns. Top performers like SolDragon (DRAGON) and BurgerkingFootLettuce (BFL) yielded profits of 212.82 SOL and 155.44 SOL, respectively, indicating calculated risk-taking and a deep understanding of the Solana ecosystem's dynamics.The success of this trader raises the question: are they a statistical outlier or a strategic genius? While some may argue that the volatile nature of meme coins makes such win rates the product of chance, others might suggest that the trader is leveraging an advanced understanding of market sentiment, social media trends and the underlying technology of tokens.Notably, this trading triumph comes at a time when the Solana ecosystem is experiencing a correction, with funds gradually shifting toward Ethereum and alternative layer-2 (L2) networks like Arbitrum, which itself has seen a 60% rally. This trend could suggest that while some investors are moving away from Solana, others are finding opportunities amid the market's shifting sands.$SOL #2024withBinance

After hitting a 21-month high, Bitcoin price fell on Wednesday morning, sending the global crypto market cap tumbling to $1.73 trillion.Red was the dominant color all over the cryptocurrency charts on Wednesday morning. The OG cryptocurrency Bitcoin fell, retreating from the nearly two-year high but prices were still hovering around the peak of the recent rally.Other cryptocurrencies followed suit, leaving crypto investors jittery. However, Bitcoin’s recent price surge has spurred calls for a new crypto bull market, buoyed by expectations that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) by Jan 10.Bitcoin price slid 0.36% over the last 24 hours to $45,256, with its market capitalization at $886.54 billion. The 24-hour trading volume, however, jumped nearly 28% to $32.7 billion.Beyond Bitcoin, Ethereum — the second largest crypto — fell 0.82% to $2,368. At press time, its market capitalization stood at $284.67 billion. Ether’s trading volume over the last 24 hours surged over 37% to $11.68 billion.Other tokens were also weak, with Tether price down 0.05% and BNB off 2.08%. Solana plunged over 3% in the last 24 hours to below $108 while XRP shed more than 1%. Memecoins also fell, with Dogecoin dropping 1.34%, and Shiba Inu sliding 1.78%.The drop in prices of cryptocurrencies was reflected in the global crypto market, which slid nearly 0.47% to $1.73 trillion. However, the fear and greed index level stood at 74, indicating investor sentiment is greed, meaning they’re still keen on buying.Top 3 Cryptos For TodayPepe CoinThe price of Pepe Coin has fallen over 4% over the last 24 hours to $0.000001367, sending its market cap tumbling by over 4% to $574.5 million. However, its trading volume over the last 24 hours was up nearly 3% at $73.14 million.Kaspa (KAS)While major cryptocurrencies fell on Wednesday, KAS investors were rolling in dough, with the token rising nearly 2% to $0.12 over the last 24 hours. The optimism was reflected in its market cap, which expanded by 1.86% to $2.6 billion. The 24-hour trading volume surged over 30% to over $36.56 millionArbitrum (ARB)The price of Arbitrum jumped over 9% over the last 24 hours to $1.89. The token has appreciated more than 47% in the last seven days and is sitting at a market cap of $2.41 billion. As of writing, its trading volume stood at $1.3 billion.#BTC!💰 #priceprediction #BinanceTournament #Osmy_CryptoZ #2024withBinance

The Solana Foundation, the institution in charge of managing initiatives related to the Solana network, has announced it will expand to Brazil. According to local reports, the organization plans to launch a local team and invest over $10 million in several Web3 fields, including tokenization, artificial intelligence, and art.Solana Foundation Announces Expansion to BrazilSolana is in the middle of expanding its reach into Brazil. The Solana Foundation, the non-profit institution that supports Solana-related initiatives, has announced that it will launch in Brazil this year, opening a local group and different investments in several Web3 fields.According to local reports, the organization will launch a “superteam” in Brazil, a group dedicated to developing apps on top of the Solana blockchain, taking advantage of its low fees and scalability. The foundation has implemented these groups in seven countries and Brazil, providing paid work and opportunities for 700 members and thousands of users who participated in Solana’s hackathons.The organization reported it will invest over $10 million in different areas of the Brazilian Web3 ecosystem, including art, tokenization of assets, and artificial intelligence (AI). Solana saw Brazil as one of its priority markets for expansion in 2024, choosing these areas as interest fields for core investments.Diego Dias, the head of the Brazilian and Latam group, states that these superteams started as decentralized autonomous organizations (DAOs), having morphed as an extension of the Solana Foundation in different parts of the world.Diego stated that the interventions’ objective is to put the community at the forefront of the growth and innovation in Solana. He explained:$SOL #2024withBinance

Cardano's price surge is expected beyond $1 as the cryptocurrency shows bullish signs, with analysts predicting a retest of the $1 mark soon.Cardano, the eighth-largest cryptocurrency by market capitalization, is currently showing bullish signs on its 1-day time frame, with a trading price of $0.606351. Despite a slight 0.28% decrease in the last 24 hours, the digital currency’s trajectory suggests a potential retest of the $1 mark in the near future.Cardano’s journey in 2023 was remarkable, achieving a 150% surge and touching a yearly high of $0.67 twice last month. This growth mirrors the expansion in its ecosystem. Minswap, Cardano’s top Decentralized Exchange (DEX), saw an incredible 26,000% increase. Additionally, JPG Store, the leading Non-Fungible Token (NFT) platform on Cardano, welcomed over 16,540 new addresses.Analysts Views on Cardano’s FutureCrypto analyst LuckSide points out Cardano’s critical resistance zone between $0.60 and $0.67. He proposes two scenarios: an upward surge to the $0.70 range or a potential dip to $0.40. Despite regulatory challenges, including being labeled a security by the US SEC, the analyst’s outlook for 2024 remains positive.Dan Gambriello, another prominent analyst, emphasizes Cardano’s dependency on Bitcoin’s market movement for significant gains. He notes ADA’s breakout from a crucial symmetrical triangle, projecting a potential target of $0.80. However, he cautions about the resistance posed by the 200-week moving average, which could act as a major hurdle or a confirming indicator for Cardano’s upward momentum.The cryptocurrency’s 50-day moving average is trending upward, potentially supporting future interactions. The 200-day moving average, currently below the price, might also support a continuing bullish trend. The Relative Strength Index (RSI) remains in the 50-60 neutral zone, indicating a stable trend.Cardano Exhibits Bullish Potential as Bulls Aim $0.070In the recent 2-hour Cardano (ADA) chart, a tug of war is evident between the bears trying to push the price below $0.5896 and the bulls defending this level. Despite the bearish attempts, buyers have consistently provided enough support at this zone. ADA opened the trading session bullishly, maintaining its stand above the $0.600 level. This bullish trend was further solidified as the bulls rebounded, creating a price swing from an intraday low. The Cardano price then recovered to the supply zone at $0.605. ADAUSD formed several double bottoms, indicating a stable yet low price change. Parabolic SAR dots below the price level suggest an underlying bearish sentiment in the market. However, the ongoing struggle between bears and bulls to control ADA’s pricing remains unresolved, with the bulls are having the upper hand.ADA/USD 1-Day chart | TradingViewThe previous hour saw a significant shift in momentum as bulls gathered strength, successfully breaking above minor resistance at $0.70. Following this breakout, the price of ADA rose steadily, reaching an intraday high of $0.6065. This bullish trend is further confirmed on the 4-hour chart, where the consolidation around the $0.605 supply zone is a crucial entry point for potential buyers. This could increase prices above the SMA 20 at $0.6112. Conversely, if the bulls fail to maintain their momentum, ADA’s price might return to its primary support at $0.560. A breach of this support level could lead to a further drop to $0.5112, aligning with the EMA 50 and potentially signaling a downtrend for Cardano.Remember: Your generous vibes power our mission! 🌟Help us serve you better with your awesome tips and keep the Binance spirit alive.🚀And as a gentle reminder, let's keep the Binance love alive by respecting sensitive data and avoiding any negativity without basis. Constructive criticism? Bring it on!🤝#2024withBinance #BinanceTournament #priceprediction #Osmy_CryptoZ

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC could reach $50,000 if spot ETF anticipation climaxesBitcoin price could ascend to $50,000 if SEC greenlights spot BTC ETF.Ethereum price readies for a possible 10% climb to $2,500 amid rising momentum and a weakening downtrend.Ripple price finds support at $0.5442, recovery rally in the works as altcoin hopes rest on SEC decision.Bitcoin (BTC) price remains broadly bullish, though not to its full potential, as it could spring higher on chatter about regulator approval of spot exchange-traded funds (ETFs). Altcoins, starting with Ethereum (ETH) price and Ripple (XRP) price, are also poised for a positive move, with all hopes pegged to the decision expected this week from the Securities & Exchange Commission (SEC).Bitcoin eyes $50,000 amid spot ETF-related optimism :Bitcoin (BTC) price continues to intertwine itself with the midline of the weekly supply zone at $43,860 but could break out soon as spot ETF developments approach a deadline. The king of cryptocurrency’s price has strong support provided by the 25-day and 50-day Exponential Moving Averages (EMAs) at $43,130 and $41,391, respectively. The inclination of these moving averages to the north show it is the path with the least resistance.The Relative Strength Index (RSI) is also tipping north, showing rising momentum. Increased buying pressure above current levels could see Bitcoin price make a decisive move above the critical threshold of $43,860, before an extension to the next critical range at $48,000.Once Bitcoin price overcomes the $48,000 steeple, it could make a quick run to the $50,000 psychological level before potential profit booking. However, traders keeping their profit appetite in check could set the pace for BTC to reach the highly ambitious target of $60,000.On the flipside, if early profit booking commences, instigated either by a rejection from the SEC or a delay in the decision, Bitcoin price could descend. Such a move could see it break below the 25 and 50-day EMAs before testing the confluence between the 100-day EMA and the horizontal line near the $37,800 level.However, for the prevailing bullish outlook to be invalidated, Bitcoin price must close below the $30,000 psychological level.Ethereum price coils up for a 10% climb:Ethereum (ETH) price remains within the confines of an ascending parallel channel, with the final retest of the lower boundary of the channel possibly precipitating a 10% climb to $2,500. The RSI is moving north, evidence of rising momentum, accentuated by the falling Average Directional Index (ADX), showing that the slump that saw ETH value drop is losing strength.Increased buying pressure could see Ethereum price shatter the $2,388 resistance, before clearing the $2,445 range high as it heads to the forecasted $2,500 target. A strong jolt past this level could see ETH market value reach $3,000.On the other hand, if profit takers pull the trigger, Ethereum price could roll over, potentially losing the support at $2,135. Below this level, the cliff could send Ether to the depths of $2,000, or in a dire case, invalidate the bullish outlook by breaking and closing below $1,935.Ripple price could scale a recovery with $0.5442 support holding :Ripple (XRP) price may have bottomed out after the $0.5442 support came into play. The RSI edging north points to rising momentum, whereas the ADX indicator rising suggests a strengthening trend.Enhanced buyer momentum could see Ripple price overcome the critical support at $0.5784, potentially going as high as to breach the resistance due to the descending trendline and collecting sell-side liquidity around the $0.7000 psychological level.Conversely, if traders who got wrecked during the January 2 crash choose to exit the market after breaking even, XRP price could drop, with a break below the $0.5442 support exposing Ripple price to a cliff. This would expose further downside as low as the midline of the Fair Value Gap (FVG) at $0.5002. A break and close below this level would confirm the continuation of the downtrend.$BTC $ETH $XRP #XAI #Launchpool #2024withBinance

The future price of meme coins such as #Dogecoin has always been of interest to crypto users, especially given their widespread popularity even among non-investors. There have been multiple predictions for where the DOGE price might be in 2024. And one of those predictions has been given by the machine learning algorithm at CoinCodex.Dogecoin Outlook For January Is BearishThe machine learning algorithm at CoinCodex has predicted where the Dogecoin price will be this January and it has been far from negative. Contrary to the calls for a rally for the meme coin, especially as the DOGE-1 space mission draws closer, the algorithm expects the price to fall rather than climb. Related Reading: MEXC CEO Deletes X (Twitter) Account? Crypto Exchange Clears The AirThe one-month prediction from the machine learning algorithm puts the price of Dogecoin at $0.081. Now, taking into account the fact that the DOGE price is currently sitting at $0.0923 at the time of this writing, it means that the algorithm expects the altcoin’s price to fall around 13% from here.Interestingly, the shorter-term outlook for Dogecoin is much more favorable. The algorithm expects the DOGE price to see a small increase in price in the next five days. It puts the expected price point at $0.0944, which would be a 1.16% increase from its current value.Additionally, the Fear & Greed Index shows a high greed level of 71 for Dogecoin, a good number for a bullish rally. However, this has not had much sway in the algorithm’s prediction. However, it maintains that it is still a good time to buy DOGE. DOGE price at $0.0911 | Source: DOGEUSD on Tradingview.comDOGE Entering A Quarter Of UncertaintyDespite prices across the crypto market being on the up, the Dogecoin price is entering a quarter that is usually masked by uncertainty. The first quarter of each year has always been hit or miss for the meme coin, with alternating performances during this time. Related Reading: Dogecoin-Themed DOGE-1 Satellite Launch Draws Closer, Here Are The Coins To WatchIn the last 10 years, there have been an equal number of first quarters ending in profit as those ending in losses, making five each. However, taking an average of all of the returns puts it in the green, which could ultimately be a good thing for the price.Source: CoinCodexNevertheless, data from CoinCodex shows that Q1 remains the second-best performing quarter for Dogecoin at an average of 106.04%, following closely behind the second quarter at 109.80%.The DOGE price is trending at $0.092 at the time of this writing, 87% below its all-time high price of $0.738.Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Crypto Ticker, chart from TradingView$DOGE #2024withBinance