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The Spot $SOL ETF is next.
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TOP 6 BULLISH CANDLESTICK PETTERNS EVERY TRADER SHOULD KNOW
Bullish patterns may form after a market downtrend, and signal a reversal of price movement. They are an indicator for traders to consider opening a long position to profit from any upward trajectory.
Hammer
The hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the bottom of a downward trend.A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up. The colour of the body can vary, but green hammers indicate a stronger bull market than red hammers.
Inverse hammer
A similarly bullish pattern is the inverted hammer. The only difference being that the upper wick is long, while the lower wick is short.It indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down. The inverse hammer suggests that buyers will soon have control of the market.
Bullish engulfing
The bullish engulfing pattern is formed of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle.Though the second day opens lower than the first, the bullish market pushes the price up, culminating in an obvious win for buyers.
Piercing line
The piercing line is also a two-stick pattern, made up of a long red candle, followed by a long green candle.There is usually a significant gap down between the first candlestick’s closing price, and the green candlestick’s opening. It indicates a strong buying pressure, as the price is pushed up to or above the mid-price of the previous day.
Morning star
The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-stick pattern: one short-bodied candle between a long red and a long green. Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close.It signals that the selling pressure of the first day is subsiding, and a bull market is on the horizon.
Three white soldiers
The three white soldiers pattern occurs over three days. It consists of consecutive long green (or white) candles with small wicks, which open and close progressively higher than the previous day.It is a very strong bullish signal that occurs after a downtrend, and shows a steady advance of buying pressure.
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Hammer
The hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the bottom of a downward trend.A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up. The colour of the body can vary, but green hammers indicate a stronger bull market than red hammers.
Inverse hammer
A similarly bullish pattern is the inverted hammer. The only difference being that the upper wick is long, while the lower wick is short.It indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down. The inverse hammer suggests that buyers will soon have control of the market.
Bullish engulfing
The bullish engulfing pattern is formed of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle.Though the second day opens lower than the first, the bullish market pushes the price up, culminating in an obvious win for buyers.
Piercing line
The piercing line is also a two-stick pattern, made up of a long red candle, followed by a long green candle.There is usually a significant gap down between the first candlestick’s closing price, and the green candlestick’s opening. It indicates a strong buying pressure, as the price is pushed up to or above the mid-price of the previous day.
Morning star
The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-stick pattern: one short-bodied candle between a long red and a long green. Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close.It signals that the selling pressure of the first day is subsiding, and a bull market is on the horizon.
Three white soldiers
The three white soldiers pattern occurs over three days. It consists of consecutive long green (or white) candles with small wicks, which open and close progressively higher than the previous day.It is a very strong bullish signal that occurs after a downtrend, and shows a steady advance of buying pressure.
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Ethereum ETFs Approved in Abrupt SEC Policy About-Face
Spot Ethereum ETFs will be traded in the United States, just months after spot Bitcoin ETFs received their own approval from the SEC.
In a stunning reversal, the U.S. Securities and Enge Commission (SEC) announced on Thursday that it has approved eight applications for spot Ethereum ETFs, effectively green-lighting Ethereum trading on Wall Street.
The following funds were approved in the filing: the converted Grayscale Ethereum Trust, the Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK/21 Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF.
When will the spot Ethereum ETFs begin trading? It won't be tomorrow. Bloomberg ETF expert James Seyffart suggested in a tweet that it could be a "couple weeks" before the fund managers' S-1 documents are approved to enable trading.
Just one week ago, most financial experts and crypto industry leaders had written off such an outcome as increasingly unlikely. For one, the SEC had offered little indication that it planned to move forward with any spot ETH ETF applications prior to a looming May 23 deadline.
What's more, just weeks prior, a lawsuit filed by Ethereum software company Consensys against the SEC alleged that the regulator has secretly considered ETH to be an illegal, unregistered security for over a year. (Disclosure: Consensys is one of 22 investors in Decrypt.) If the SEC formally labeled ETH a security, then Ethereum ETFs would need to be approved via a different process than the one currently underway.
What Ethereum ETF Approvals Would Mean for US Crypto Policy
When the U.S. Securities and Exchange Commission (SEC) indicated earlier this week that it was suddenly open to the prospect of approving spot Ethereum ETFs, after months of stubborn signals to the contrary, the about-face didn’t just catch Crypto Twitter by surprise. It also shocked the nation’s top crypto lobbyists, who spend their days tracing minuscule shifts in Washington’s mood on the industry. “It is a remarkable pivot,” Kristin Smith, CEO of the Blockchain Association, a prominent crypt...
Thus, in approving spot ETH ETFs today, the SEC has tacitly conceded that ETH is not a security in and of itself. Such an outcome is a major victory for crypto advocates, given ETH’s crucial role in underpinning the Ethereum network—upon which many of the industry’s most prominent projects and services are built.
Crucially, however—in a bid to get over the finish line—several ETH ETF issuers dropped language from their applications this week regarding the staking of customer ETH. Ever since Ethereum transitioned to a proof of stake system in September 2022, ETH holders have been able to deposit their funds with the network to accrue rewards. The SEC has long taken the view that when a financial intermediary offers staking services, it is engaging in an illegally unregistered securities scheme.
Spot Ethereum ETFs—unlike ETH futures ETFs, which track derivatives contracts and were approved by the SEC in October—involve issuers actually buying and storing ETH on behalf of their clients. Now that spot ETH ETFs have gained approval, traditional financial institutions and investors will soon be able to gain exposure to ETH without holding any crypto themselves.
Today’s historic action follows the SEC’s approval of eleven spot Bitcoin ETF applications in January. Since then, spot Bitcoin ETFs have attracted nearly $13 billion in net in-flows.
“I always called the spot Bitcoin ETF approvals, Bitcoin’s IPO,” Cody Carbone, chief policy officer at the crypto lobbying group Digital Chamber of Commerce told Decrypt. “This is ETH’s IPO. That is a massive stamp of approval.”
In a stunning reversal, the U.S. Securities and Enge Commission (SEC) announced on Thursday that it has approved eight applications for spot Ethereum ETFs, effectively green-lighting Ethereum trading on Wall Street.
The following funds were approved in the filing: the converted Grayscale Ethereum Trust, the Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK/21 Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF.
When will the spot Ethereum ETFs begin trading? It won't be tomorrow. Bloomberg ETF expert James Seyffart suggested in a tweet that it could be a "couple weeks" before the fund managers' S-1 documents are approved to enable trading.
Just one week ago, most financial experts and crypto industry leaders had written off such an outcome as increasingly unlikely. For one, the SEC had offered little indication that it planned to move forward with any spot ETH ETF applications prior to a looming May 23 deadline.
What's more, just weeks prior, a lawsuit filed by Ethereum software company Consensys against the SEC alleged that the regulator has secretly considered ETH to be an illegal, unregistered security for over a year. (Disclosure: Consensys is one of 22 investors in Decrypt.) If the SEC formally labeled ETH a security, then Ethereum ETFs would need to be approved via a different process than the one currently underway.
What Ethereum ETF Approvals Would Mean for US Crypto Policy
When the U.S. Securities and Exchange Commission (SEC) indicated earlier this week that it was suddenly open to the prospect of approving spot Ethereum ETFs, after months of stubborn signals to the contrary, the about-face didn’t just catch Crypto Twitter by surprise. It also shocked the nation’s top crypto lobbyists, who spend their days tracing minuscule shifts in Washington’s mood on the industry. “It is a remarkable pivot,” Kristin Smith, CEO of the Blockchain Association, a prominent crypt...
Thus, in approving spot ETH ETFs today, the SEC has tacitly conceded that ETH is not a security in and of itself. Such an outcome is a major victory for crypto advocates, given ETH’s crucial role in underpinning the Ethereum network—upon which many of the industry’s most prominent projects and services are built.
Crucially, however—in a bid to get over the finish line—several ETH ETF issuers dropped language from their applications this week regarding the staking of customer ETH. Ever since Ethereum transitioned to a proof of stake system in September 2022, ETH holders have been able to deposit their funds with the network to accrue rewards. The SEC has long taken the view that when a financial intermediary offers staking services, it is engaging in an illegally unregistered securities scheme.
Spot Ethereum ETFs—unlike ETH futures ETFs, which track derivatives contracts and were approved by the SEC in October—involve issuers actually buying and storing ETH on behalf of their clients. Now that spot ETH ETFs have gained approval, traditional financial institutions and investors will soon be able to gain exposure to ETH without holding any crypto themselves.
Today’s historic action follows the SEC’s approval of eleven spot Bitcoin ETF applications in January. Since then, spot Bitcoin ETFs have attracted nearly $13 billion in net in-flows.
“I always called the spot Bitcoin ETF approvals, Bitcoin’s IPO,” Cody Carbone, chief policy officer at the crypto lobbying group Digital Chamber of Commerce told Decrypt. “This is ETH’s IPO. That is a massive stamp of approval.”
Bitcoin Price Prediction For May: Crypto Analyst Predicts Breakdown To $42,000
$BTC
Crypto analyst DonAlt has outlined a scenario where the Bitcoin price could drop to as low as the mid-$40,000. He further suggests that this price breakdown might be necessary for the continuation of BTC’s bull run.
How Bitcoin Could Drop To As Low As $47,000
In an update to his Bitcoin analysis, DonAlt noted that Bitcoin had dropped back to around the $60,000 price range and could eventually break that support if it continues to be tested. From the accompanying chart he shared, the crypto analyst hinted that a price breakout below the $60,000 range would see Bitcoin drop to $52,000 or even further down to $47,000.
Related Reading: XRP Price Prediction: Analyst Says Prepare For 700% Jump To $4, Here’s When
Meanwhile, he added that this might be something even the bulls want, so there could be a washout below $60,000, which would shake off weak hands. DonAlt also seems to support a price breakout below the support area, as he shared his belief that there is currently complacency in the market.
This is when crypto investors ignore the risks associated with Bitcoin, having seen price increases for an extended period. DonAlt said he would continue to hold this complacency belief until proven otherwise. For that to happen, he remarked that Bitcoin would need to reclaim $68,000 or drop below $60,000 and reclaim that support level again.
Denis Baca, Head of Product at Zivoe Finance, also recently suggested that BTC could drop below $60,000 before it makes any parabolic move. This was a huge possibility, especially since Baca noted that the flagship crypto historically retests the support level of the 20-week SMA (small moving average) in May. He claimed this could cause Bitcoin to drop to $56,000.
BTC Bulls Are Getting Overwhelmed By The Bears
Bitcoin bulls look to be succumbing to the pressure from the bears. Crypto analyst Ali Martinez revealed in an X post that there has been a “noticeable dip in Bitcoin whale activity” since March 14. This suggests the current market downtrend could be diminishing their confidence, as these whales are always known to accumulatemore during every price dip. Martinez added that a “surge in whale transactions could be the spark needed to boost” BTC’S price.
Meanwhile, CryptoQuant’s Head of Research, Julio Moreno, recently noted that Bitcoin’s price has remained tepid due to the slowdown in demand. He alluded to the Spot Bitcoin ETFs, which have seen their demand decline this month. Like Martinez mentioned, Moreno stated that there needs to be a “demand growth” for Bitcoin to experience another rally.
At the time of writing, Bitcoin is trading at around $62,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
#BTC🌪️ #TrendingPrediction #Fed #BinanceLaunchpool
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Crypto analyst DonAlt has outlined a scenario where the Bitcoin price could drop to as low as the mid-$40,000. He further suggests that this price breakdown might be necessary for the continuation of BTC’s bull run.
How Bitcoin Could Drop To As Low As $47,000
In an update to his Bitcoin analysis, DonAlt noted that Bitcoin had dropped back to around the $60,000 price range and could eventually break that support if it continues to be tested. From the accompanying chart he shared, the crypto analyst hinted that a price breakout below the $60,000 range would see Bitcoin drop to $52,000 or even further down to $47,000.
Related Reading: XRP Price Prediction: Analyst Says Prepare For 700% Jump To $4, Here’s When
Meanwhile, he added that this might be something even the bulls want, so there could be a washout below $60,000, which would shake off weak hands. DonAlt also seems to support a price breakout below the support area, as he shared his belief that there is currently complacency in the market.
This is when crypto investors ignore the risks associated with Bitcoin, having seen price increases for an extended period. DonAlt said he would continue to hold this complacency belief until proven otherwise. For that to happen, he remarked that Bitcoin would need to reclaim $68,000 or drop below $60,000 and reclaim that support level again.
Denis Baca, Head of Product at Zivoe Finance, also recently suggested that BTC could drop below $60,000 before it makes any parabolic move. This was a huge possibility, especially since Baca noted that the flagship crypto historically retests the support level of the 20-week SMA (small moving average) in May. He claimed this could cause Bitcoin to drop to $56,000.
BTC Bulls Are Getting Overwhelmed By The Bears
Bitcoin bulls look to be succumbing to the pressure from the bears. Crypto analyst Ali Martinez revealed in an X post that there has been a “noticeable dip in Bitcoin whale activity” since March 14. This suggests the current market downtrend could be diminishing their confidence, as these whales are always known to accumulatemore during every price dip. Martinez added that a “surge in whale transactions could be the spark needed to boost” BTC’S price.
Meanwhile, CryptoQuant’s Head of Research, Julio Moreno, recently noted that Bitcoin’s price has remained tepid due to the slowdown in demand. He alluded to the Spot Bitcoin ETFs, which have seen their demand decline this month. Like Martinez mentioned, Moreno stated that there needs to be a “demand growth” for Bitcoin to experience another rally.
At the time of writing, Bitcoin is trading at around $62,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
#BTC🌪️ #TrendingPrediction #Fed #BinanceLaunchpool
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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Beginner's Guide to Profitable Cryptocurrency Trading: Earn $28,357 with 4 Trades
Trading cryptocurrency and converting weak money into strong money can be a profitable strategy, potentially earning tens of thousands of dollars in profits.
Key insights
💰
"I earned $28,357 with just four simple trades in cryptocurrency, proving that you don't need expensive trading courses to make money."
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"Crypto platforms like Binance offer significant welcome bonuses, such as up to $100 free position, making it an attractive option for traders."
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"Acquire money that goes up in value" - emphasizing the importance of investing in cryptocurrencies that have a positive growth trend.
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"Once you have weak money and you have acquired strong money, you want to keep on repeating this over and over again regularly."
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"You can convert weak money into strong money by trading cryptocurrency and repeating the process regularly, potentially earning tens of thousands of dollars in profits."
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"Automating the process of converting weak currencies into strong money, such as Bitcoin, can be done using trading bots like the ones mentioned in the video, which have shown profits of hundreds and even thousands of dollars."
⏰
Buying more Bitcoin when the price drops below or close to the 200-day moving average has historically been the best time to buy, and this has happened four times so far (2015, 2019, 2020, and recently).
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As the price of Bitcoin rises, it's important to consider not converting it into government currencies that may decrease in value. #BTC #SATS #BinanceTournament $BTC $ETH $BNB
Trading cryptocurrency and converting weak money into strong money can be a profitable strategy, potentially earning tens of thousands of dollars in profits.
Key insights
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Buying more Bitcoin when the price drops below or close to the 200-day moving average has historically been the best time to buy, and this has happened four times so far (2015, 2019, 2020, and recently).
💰
As the price of Bitcoin rises, it's important to consider not converting it into government currencies that may decrease in value. #BTC #SATS #BinanceTournament $BTC $ETH $BNB
8 Ways to Earn Crypto on Binance That Don’t Involve Trading
At Binance, you have lots of opportunities to grow your asset holdings even during times when you’re not trading. In this blog, you’ll learn how to do that.Right now, you have many ways to buy cryptocurrencies on Binance. While a lot of people concentrate on how to trade on Binance and make money, whether through our trading platforms or the Buy Crypto page, you have many ways to pursue a great deal for your crypto. But the deals don’t stop with just buying. We offer you a wide range of options to grow your crypto holdings, even when you’re not trading. With Binance, you have the power to allocate your tokens to different activities and services that we regularly launch on the platform. How to make money on Binance without trading? We have eight ways below.1. Farm New Tokens by Holding BNB, BUSD, and Other Cryptocurrencies on Binance LaunchpoolYields: Earlier this month, we introduced Binance Launchpool, which allows you to earn crypto tokens from newly launched projects just by depositing your BNB in a liquidity pool. Every now and then, you can earn free crypto on Binance by farming some of your BNB or other cryptocurrencies on Launchpool. Here’s a step-by-step guide on how you can do that. 2. Grow Your Stablecoins With Binance Liquid SwapStablecoin Benefits: Another liquidity pool product we recently launched is Binance Liquid Swap. This is an automated market maker (AMM) pool product, the first of its kind in a centralized exchange, and it hosts different pools of liquidity that allow its users to exchange crypto assets with minimal slippage and earn a share of the interest generated from joining the liquidity pool. 3. Stake Your Tokens to Benefit from Binance StakingConvenience: Since 2019, we have supported the Proof-of-Stake mechanisms of several cryptocurrencies on our platform. Simply put, storing (staking) your tokens on Binance automatically gives you the benefits of earning from your crypto token’s staking programs. With Binance Locked Staking, you can earn extra tokens from 25 supported cryptocurrencies, no strings attached. This is as close as it gets to figuring out how to buy free coin on Binance, without actually buying, and while using the crypto you already own.4. Subscribe Your Tokens on Binance Locked Staking for Higher Yields Interest Maximization: You can also explore Binance Locked Staking and lock in your tokens for as little as 7 days to benefit from higher yields. There are six locked staking opportunities you can explore, all made possible with the participating projects’ staking mechanisms, with annual yields as high as 16% and various opportunities for earning free crypto.5. Participate in DeFi StakingDeFi Access: With the advent of DeFi (decentralized finance), you can also participate in earning opportunities available for your tokens. For instance, Binance DeFi Staking has launched several products that offer annual yields of as high as 60%, using BNB, USDT, BUSD, and DAI, with more to come.6. Earn Interest from Binance Savings ProductsSavings: Through Binance Savings, we offer several savings products to store your crypto and earn free coin on Binance from the yields they generate. You can go for Flexible Savings, where you can deposit and redeem anytime. You can opt for Locked Savings, where you secure your crypto for several days and then withdraw for bigger interest payouts.7. Store Crypto in Your Binance Account to Earn from AirdropsFreebies: Right now, when you store BNB in your Binance account, you benefit from being part of our $16 million airdrop of SXP tokens, exclusive for BNB holders on Binance. This is a 12-week program where you can gain SXP tokens proportionate to your BNB holdings every week. Learn more about this program here. We are also looking into more opportunities like this in the future.8. Spend Using Your Binance CardRewards: We’re putting a new meaning to “You gotta spend money to earn money”. With Binance Card, which just launched in Europe and will roll out to more areas soon, you earn BNB rewards when you use it to spend on thousands of supporting merchants worldwide. The cashback rate starts at 1%, and the more BNB you hold in your Binance account, the higher the rate goes, even up to 7%.As you can see from our examples above, you can earn more assets on Binance, whether you trade or not. All you have to do is to buy crypto and join one of the many features we offer. Click the image below to open your Binance account today! #BinanceTournament #BinanceWish #BTC $BTC $ETH $BNB
Top Altcoins to Know About Before Investing
Cardano (ADA): Pioneering Proof-of-Stake
Scorpion Casino (SCORP): A cryptocurrency-driven casino
Pikamoon (PIKA): A Play-to-earn memecoin
GigaChadGPT (GIGA): Best AI-powered Memecoin
Ethereum (ETH): Unstoppable Smart Contracts
Litecoin (LTC): An Open-source Global Payment Network
XRP (XRP): An Advanced Decentralized Bank
Dogecoin (DOGE): Most Popular Memecoin
Pepe Coin (PEPE): Trendiest Cryptocurrency
Tron (TRX): Bridging Smart Contracts and Real World
Solana (SOL): The Delegated Proof-of-Stake (DPoS) coin
Cardano (ADA): Pioneering Proof-of-Stake
Scorpion Casino (SCORP): A cryptocurrency-driven casino
Pikamoon (PIKA): A Play-to-earn memecoin
GigaChadGPT (GIGA): Best AI-powered Memecoin
Ethereum (ETH): Unstoppable Smart Contracts
Litecoin (LTC): An Open-source Global Payment Network
XRP (XRP): An Advanced Decentralized Bank
Dogecoin (DOGE): Most Popular Memecoin
Pepe Coin (PEPE): Trendiest Cryptocurrency
Tron (TRX): Bridging Smart Contracts and Real World
Solana (SOL): The Delegated Proof-of-Stake (DPoS) coin
Kyle Chassé, a prominent crypto community figure who has been a Bitcoin investor since 2012, has argued that BONK will outpace Shiba Inu.
In a recent tweet, Chassé shared insights on the emerging dynamics of the crypto meme coin market. According to Chassé, memes-inspired crypto projects are a driving force behind the adoption of cryptocurrencies in the current cycle.
He noted meme tokens are catalysts drawing individuals unfamiliar with the space into crypto. Drawing parallels to past instances, he pointed out the frenzy that followed Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) meteoric rises.
Meanwhile, a similar trend is fast emerging, with Bonk (BONK), a meme-themed project on the Solana blockchain.
BONK Flipping Shiba Inu
In particular, Bonk (BONK) is raging through the crypto industry, recording astronomic growth percentages amid the broader market correction.
According to data from CoinMarketCap, BONK has grown over 703.97% from $0.000002978 to $0.00002473 in the last 30 days. While BONK investors recorded this explosive yield, Shiba Inu and DOGE saw a paltry 10% and 18.21%, respectively, within the same period.
Meanwhile, on a 90-day scale, BONK has surged 13,623.88% from $0.0000001792 to its current market value.
However, Shiba Inu barely saw a fraction of BONK’s trading volume. Amid these extraordinary performances observed for BONK, the Bitcoin OG boldly stated: “I think BONK will flip SHIB.”
Memes are leading adoption in this cycle and bringing normies into the crypto realm.
Previously we saw $DOGE, $SHIB & $PEPE do this too.
I think $BONK will flip $SHIB 👀
Why’s BONK Growing 13,623%?
This distinctive scenario unfolded following the information of a 30 million BONK token airdrop exclusively available to crypto enthusiasts who download the Bonk app through the Saga phone dApp store.
Besides, leading exchanges like Binance and Coinbase have listed BONK. The recent lists have further bolstered the digital asset’s prominence, with an investor recording a $784k profit. $SHIB
In a recent tweet, Chassé shared insights on the emerging dynamics of the crypto meme coin market. According to Chassé, memes-inspired crypto projects are a driving force behind the adoption of cryptocurrencies in the current cycle.
He noted meme tokens are catalysts drawing individuals unfamiliar with the space into crypto. Drawing parallels to past instances, he pointed out the frenzy that followed Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) meteoric rises.
Meanwhile, a similar trend is fast emerging, with Bonk (BONK), a meme-themed project on the Solana blockchain.
BONK Flipping Shiba Inu
In particular, Bonk (BONK) is raging through the crypto industry, recording astronomic growth percentages amid the broader market correction.
According to data from CoinMarketCap, BONK has grown over 703.97% from $0.000002978 to $0.00002473 in the last 30 days. While BONK investors recorded this explosive yield, Shiba Inu and DOGE saw a paltry 10% and 18.21%, respectively, within the same period.
Meanwhile, on a 90-day scale, BONK has surged 13,623.88% from $0.0000001792 to its current market value.
However, Shiba Inu barely saw a fraction of BONK’s trading volume. Amid these extraordinary performances observed for BONK, the Bitcoin OG boldly stated: “I think BONK will flip SHIB.”
Memes are leading adoption in this cycle and bringing normies into the crypto realm.
Previously we saw $DOGE, $SHIB & $PEPE do this too.
I think $BONK will flip $SHIB 👀
Why’s BONK Growing 13,623%?
This distinctive scenario unfolded following the information of a 30 million BONK token airdrop exclusively available to crypto enthusiasts who download the Bonk app through the Saga phone dApp store.
Besides, leading exchanges like Binance and Coinbase have listed BONK. The recent lists have further bolstered the digital asset’s prominence, with an investor recording a $784k profit. $SHIB
While Shiba Inu (SHIB) struggles to retain the $0.00001 territory amid the market-wide turbulence, crypto trading platform Changelly is already projecting when it could clinch $0.0001179.
The article starts by projecting Shiba Inu’s possible price movements from this month to January 2024. They believe SHIB would end the month with a price of $0.00001062, representing a 7.92% increase from its current trading price of $0.00000984.
However, the Changelly research team predicts Shiba Inu to relinquish the $0.00001 territory once it enters the new year. According to them, SHIB could drop to $0.000009371 on Jan. 5. This figure represents an 11.76% decline from the projected $0.00001062 high at the end of this month.
When Could Shiba Inu Cross $0.00011?
The interesting trend observed with Changelly’s predictions is the continued upward trajectory the team believes Shiba Inu would demonstrate over the years. Despite the initial bearish path SHIB could take at the start of January, the report posits the token could hit a maximum price of $0.00001799.
However, according to the report, Shiba Inu would fail to reclaim its all-time high of $0.00008845 until 2029. The maximum projected price for 2028 stands at $0.00007999. The Changelly research team believes SHIB would trade at a minimum price of $0.00009699 in 2029.
The $0.0001 psychological threshold is also expected to materialize in 2029, with a projected average price of $0.0001009 for the year. Changelly believes SHIB would claim the much-coveted $0.0001179 price in 2029, predicting it to be Shiba Inu’s maximum price.
SHIB’s Price Condition
Meanwhile, SHIB currently changes hands at $0.00000984, up 0.34% over the past 24 hours. Though minimal, Shiba Inu’s 24-hour price gain is bullish, seeing as the broader market is bearish, with Bitcoin (BTC) sliding 1.71% and ETH down 1.58%.
#Shibaprice #ShibaInuGames $SHIB
The article starts by projecting Shiba Inu’s possible price movements from this month to January 2024. They believe SHIB would end the month with a price of $0.00001062, representing a 7.92% increase from its current trading price of $0.00000984.
However, the Changelly research team predicts Shiba Inu to relinquish the $0.00001 territory once it enters the new year. According to them, SHIB could drop to $0.000009371 on Jan. 5. This figure represents an 11.76% decline from the projected $0.00001062 high at the end of this month.
When Could Shiba Inu Cross $0.00011?
The interesting trend observed with Changelly’s predictions is the continued upward trajectory the team believes Shiba Inu would demonstrate over the years. Despite the initial bearish path SHIB could take at the start of January, the report posits the token could hit a maximum price of $0.00001799.
However, according to the report, Shiba Inu would fail to reclaim its all-time high of $0.00008845 until 2029. The maximum projected price for 2028 stands at $0.00007999. The Changelly research team believes SHIB would trade at a minimum price of $0.00009699 in 2029.
The $0.0001 psychological threshold is also expected to materialize in 2029, with a projected average price of $0.0001009 for the year. Changelly believes SHIB would claim the much-coveted $0.0001179 price in 2029, predicting it to be Shiba Inu’s maximum price.
SHIB’s Price Condition
Meanwhile, SHIB currently changes hands at $0.00000984, up 0.34% over the past 24 hours. Though minimal, Shiba Inu’s 24-hour price gain is bullish, seeing as the broader market is bearish, with Bitcoin (BTC) sliding 1.71% and ETH down 1.58%.
#Shibaprice #ShibaInuGames $SHIB
Top 5 Cryptos to Watch Under $0.5
In this article, we’ve highlighted the top 5 crypto assets that are currently trading below $0.5 but have the potential to multiply manifold in the bull run.
Cardano (ADA)
ADA is one of the most undervalued coins in the market. The coin is currently changing hands below $0.5 and is ranked among the top 10 largest crypto assets, with a market cap of $12.96 billion.
In September 2021, ADA hit an all-time high (ATH) of $3.09, according to CoinGecko data. However, many analysts are projecting that the asset could surpass the milestone in the upcoming bull market.
Shiba Inu (SHIB)
Any crypto trader who joined the space in 2020 must have heard about the success story of Shiba Inu, especially how it turned average income earners into overnight millionaires.
Dogecoin (DOGE)
DOGE could become one of the top-performing assets in the upcoming bull run. Notably, the canine-themed token has been a major participant in previous bull runs.
Dogecoin has received major support from prominent American businessmen, including Elon Musk and Mark Cuban. Their endorsements of DOGE helped the coin spike to an all-time high of $0.73 in May 2021.
VeChain (VET)
VET is among the top coins with enormous utility. Despite having massive utility, VET is currently trading at a discounted price of $0.021. This represents a 92.52% decline from its ATH of $0.28. The team behind the project has been working round the clock to position VET perfectly ahead of the bull run.
The VET team has partnered with top companies on various initiatives, including climate-related programs and supply chains. Notably, these projects could boost the widespread adoption of VET, thus causing an automatic surge in its price.
Stellar (XLM)
XLM is currently trading below the $0.5 price level despite the coin’s prowess in global payments. The team behind XLM is considered a major rival to Ripple. Both companies aim to revolutionize the payments industry using blockchain tech.
Readers are encouraged to do thorough research before making any investment decisions.
In this article, we’ve highlighted the top 5 crypto assets that are currently trading below $0.5 but have the potential to multiply manifold in the bull run.
Cardano (ADA)
ADA is one of the most undervalued coins in the market. The coin is currently changing hands below $0.5 and is ranked among the top 10 largest crypto assets, with a market cap of $12.96 billion.
In September 2021, ADA hit an all-time high (ATH) of $3.09, according to CoinGecko data. However, many analysts are projecting that the asset could surpass the milestone in the upcoming bull market.
Shiba Inu (SHIB)
Any crypto trader who joined the space in 2020 must have heard about the success story of Shiba Inu, especially how it turned average income earners into overnight millionaires.
Dogecoin (DOGE)
DOGE could become one of the top-performing assets in the upcoming bull run. Notably, the canine-themed token has been a major participant in previous bull runs.
Dogecoin has received major support from prominent American businessmen, including Elon Musk and Mark Cuban. Their endorsements of DOGE helped the coin spike to an all-time high of $0.73 in May 2021.
VeChain (VET)
VET is among the top coins with enormous utility. Despite having massive utility, VET is currently trading at a discounted price of $0.021. This represents a 92.52% decline from its ATH of $0.28. The team behind the project has been working round the clock to position VET perfectly ahead of the bull run.
The VET team has partnered with top companies on various initiatives, including climate-related programs and supply chains. Notably, these projects could boost the widespread adoption of VET, thus causing an automatic surge in its price.
Stellar (XLM)
XLM is currently trading below the $0.5 price level despite the coin’s prowess in global payments. The team behind XLM is considered a major rival to Ripple. Both companies aim to revolutionize the payments industry using blockchain tech.
Readers are encouraged to do thorough research before making any investment decisions.
