Crypto Analyst Projects $7 Trillion Market Cap For Altcoins – Here’s When

Altcoins To Go Parabolic Again?
In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analyst’s bullish argument revolves around the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross. From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence/Divergence indicator in 2020. Following this cross, the altcoins market cap skyrocketed by more than 2,000% from $85 billion to $1.73 trillion. If this MACD cross forms again, Mags expects a similar bull run for the altcoins market.

In what seemed like a more realistic stance, the crypto analyst postulated a surge to a $7 trillion market cap by 2025, even if the altcoins experience only half of the 2020 growth. This represents a roughly 1,000% rally from the current altcoin market cap of $637 billion.

#altcoinprice #AltcoinAction #AltcoinTrends

Bloomberg’s Hannah Miller and the mainstream media is FUDING hard over crypto industry on the CZ Binance news.

we love you cz thanks a lot! #CryptoTrends2024 #CZBinance

CZ has been released from custody on $175m personal recognizance bond, one of the largest bail amounts in history. His hearing is scheduled for Feburary 23, 2024.

#CZAndBinanceForLife

Argentina's newly elected president, Javier Milei, has taken a strong anti-central bank stance, symbolically destroying a pinata of the institution on television last October. While a vocal supporter of Bitcoin, Milei is not expected to follow El Salvador's lead in adopting it as legal tender.

Instead, he advocates for full dollarization to address rising inflation, signaling significant shifts in economic and monetary policies under his presidency.

Grayscale met with the SEC and disclosed that it reached a Transfer Agency and Service Agreement with BNY Mellon for it's spot Bitcoin ETF.

Report show that $1.3 billion in user funds were withdrawn from Binance following US Government indictment.

Sam Altman returned to OpenAI HQ and could be reinstated as CEO soon. Elon Musk says ‘the public should be informed’ why he was fired in the first place

It’s been a tumultuous weekend for OpenAI and anyone who follows the field of artificial intelligence. After the OpenAI board fired CEO Sam Altman on Friday, investors who’d been taken off guard by the move raced to reinstate him.

On Sunday afternoon, Altman was back in the OpenAI headquarters, Bloomberg reported, and the decision to reinstate him could be made shortly. Altman shared a photo of himself on X wearing a guest badge and making a face, writing, “first and last time i ever wear one of these.”

But even if he is reinstated, questions remain about why the board fired him in the first place. The board gave only vague reasons on Friday.

Among those wanting to know is Tesla CEO Elon Musk, who wrote on X: “Given the risk and power of advanced AI, the public should be informed of why the board felt they had to take such drastic action.”

When an X user said it felt as if there were a “bombshell variable” the public was unaware of behind Altman’s firing, Musk replied, “Exactly.”

#TwitterX

Shibarium main metrics slow down Shibariumscan explorer shows a slowdown in two major metrics that measure the utility of this Layer-2 blockchain — transactions and connected wallets. Currently, the total transaction count on Shibarium stands really close to the 4-million mark at 3,968,531 with only around 100,000 new transactions added over the past couple of weeks. For more than a month, the total count froze slightly above the 1,800,000 level too.

#ShibaInuUpdate $SHIB

Millions of Shiba Inu Burned, While SHIB Price 10% Down $SHIB #shubarium

According to data provided by the Shibburn wallet tracker, over the span of the last 24 hours, the SHIB army has transferred several tens of millions of SHIB to dead-end wallets — 49,806,773 Shiba Inu meme coins in total.

Nearly all of these SHIB got burned in a single transfer, which moved 49,750,000 SHIB to the "blockchain furnace." The other four transfers have not exceeded 20,360 Shiba Inu.

In the meantime, the second largest meme cryptocurrency Shiba Inu shows an approximately 10% decrease since Nov. 11. On Tuesday, Nov. 14, the SHIB price reached a 15% drop but then reversed and has shown a 6.77% increase since then. It has several times tried to break through the $0.00000910 resistance, but these attempts were unsuccessful.

Cryptocurrency exchange Bullish has bought CoinDesk, the Wall Street Journal (WSJ) reported on Monday.

Bullish, which is run by former New York Stock Exchange (NYSE) President Tom Farley, bought 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal, the Journal said. Financial terms of the deal were not disclosed.

Can SOL Surpass XRP? $SOL $XRP

Solana’s native token – SOL – has captured much attention lately due to its considerable price increase. It spiked to almost $70 on November 16, a figure last observed in May 2022. Its market dynamics have become a trendy topic among cryptocurrency participants, with some wondering whether an additional rally could be on the cards before the year’s end.

According to the AI-powered language model ChatGPT, SOL could continue its uptrend in the remaining months of 2023 and even surpass the market capitalization of Ripple’s native token – XRP – should several critical factors be in place.

One such element is the regulatory environment. ChatGPT estimated that a favorable update surrounding the lawsuit between Ripple and the US SEC could benefit XRP, meaning it would be tough for SOL to catch up with the pace.

The overall sentiment across the community is also worth observing. The general feeling of investors toward a certain crypto asset could play a role in its price swings, while positive news and partnerships might also propel a bull run. q

Top 5 Crypto Which Will Skyrocket soon:
ScapesMania: Marked by an innovative approach and successful presale, ScapesMania is emerging as a unique and promising new entrant in the altcoin market.

Solana (SOL): Experiencing a significant rally, Solana demonstrates robust technology and growing market confidence.

Chainlink (LINK): Gaining institutional interest, Chainlink’s integration across multiple blockchains suggests a stable and promising future.

Cardano (ADA): With advancements in developer tools, Cardano is steadily building a strong and innovative ecosystem.

Ripple (XRP): Despite legal challenges, Ripple maintains a resilient market position, backed by a strong community and investor base.

Avalanche (AVAX): Gaining momentum in the wake of Bitcoin’s recovery, Avalanche shows potential as a versatile and adaptable blockchain platform.

$SOL $LINK $ADA and $XRP $AVAX

$2 Billion Surge on Solana (SOL) DeFi Exceptional, Here's Why #SOLUSD $SOL

The Solana ecosystem is riding a wave of unprecedented growth, particularly in its decentralized finance (DeFi) sector. In just a week, trading volumes on Solana-based decentralized exchanges (DEXes) soared by 54%, reaching over $3 billion, shattering previous records and signifying a new era for the blockchain's DeFi activities

This surge is not just a number; it represents Solana's growing challenge to established smart contract platforms like Ethereum. With Solana's capacity to handle up to 65,000 transactions per second at incredibly low fees, it is becoming the go-to blockchain for yield-seeking traders and high-frequency decentralized trading.

The price chart corroborates this growth, showing a robust and steady uptrend for Solana's native token, SOL. The graph displays a bullish pattern, with the token's price being supported by a series of moving averages that are in alignment for a continued upward momentum. This technical analysis suggests that the market is responding positively to developments within the Solana ecosystem. Furthermore, leading Solana DEXes such as Orca and Raydium have witnessed a spike in trading volumes by over 70%, indicating concentrated and robust growth within the platform's ecosystem. Solana has now positioned itself as the third-largest blockchain by transaction activity, trailing behind only Ethereum and Arbitrum, which is a clear indicator of its burgeoning potential and market acceptance.

With this momentum, Solana is fast becoming a formidable competitor in the DeFi space. The platform's rapid onboarding of projects and users hints at an ecosystem ripe for further explosive growth, ready to take on the dominance of established players in decentralized finance.

Read more on U.Today

Cardano (ADA) Forms Golden Cross: Details $ADA #ADA+2.65%

Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has formed a golden cross on its daily chart

Cardano's daily moving average (MA) 50 has crossed above the moving average (MA) 200, confirming a pattern known as a "golden cross" — a bullish indicator. A golden cross indicates a long-term bull market going forward and, as such, traders are on the lookout to see if Cardano will sustain its recent advance. Cardano has enjoyed a price increase since the weekend and might mark its third consecutive day of gains if today closes in green.
What's next for price? Cardano's ADA rebounded sharply off lows of $0.35 on Nov. 18, as seen from the long tail on the candlestick. The bulls advanced the rally to today's high of $0.3996, with the next target being the $0.409 high. If bulls can cross this barrier, Cardano might reach $0.46.

Read more on U.Today

25 million XRP on move, sender exposed Prominent cryptocurrency tracker Whale Alert has reported that an anonymous wallet transferred an impressive 25 million XRP to the Bitstamp crypto trading platform. This XRP lump is equal to $15,559,207 in fiat. The transaction caused a wave of comments, among which both concerned and surprised ones could be found. One X user, however, mentioned why and by whom the transfer was made. "Ripple to ODL," he stated under the Whale Alert X post. Data provided by Bithomp confirmed this user's assumption.

Read more on U.Today #XRP $XRP

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