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⭐️ Bitcoin Price Could Reach $150K Within Next 18 Moinths In a recent episode of “The Wolf of All Streets” podcast, Scott Melker hosted Dan Tapiero, founder of 1Roundtable Partners and 10T Holdings, to discuss the future of cryptocurrency. Tapiero shared his bullish outlook on the crypto market, predicting it could eventually be worth hundreds of trillions. 🔸 Crypto Market Potential Tapiero initially believed the crypto market could reach a total market cap of $10 trillion. However, recent developments and the rapid growth of the sector have led him to revise his estimate significantly upwards. He now believes the market could reach $30 trillion, $70 trillion, or even $100 trillion in the future. He mentioned that within 18 to 24 months, the market could realistically reach $10 trillion. 🔸 Current Market Sentiment and Growth Despite the current volatility in crypto prices, Tapiero remains optimistic. He emphasizes that the ecosystem is strong, with many companies in his portfolio performing exceptionally well. He views the recent market fluctuations as part of the normal corrective process. 🔸 Institutional Adoption and Regulatory Landscape The conversation touched on the regulatory challenges crypto faces, particularly in the United States. Tapiero highlighted the positive changes over the past year, including favorable court rulings and the entry of major financial institutions into the crypto space. The approval of spot Bitcoin ETFs and potential spot Solana ETFs are seen as significant milestones. 🔸 Role of Meme Coins and Community Engagement Tapiero acknowledged the popularity of meme coins and their role in attracting younger investors. He likened the meme coin craze to the excitement of buying lottery tickets in the past. While most participants may not see significant returns, he views the engagement and enthusiasm as positive for the overall ecosystem. $BTC #BTC
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⭐️ What Will Happen to Bitcoin, Which Lost About 5 Percent Value Last Week? Prominent Analyst Explained Michaël van de Poppe, one of the most influential analysts of the cryptocurrency market, talked about Bitcoin and the general cryptocurrency market in his statement. According to the analyst, the total market cap chart excluding Bitcoin is actually performing well. Therefore, the analyst claims that the consolidation in question is an expected event, after which an upward bounce scenario is possible. Speaking about Bitcoin dominance, van de Poppe said that dominance may have seen its peak. In this context, the analyst believes that Ethereum ETF approvals will allow the altcoins' momentum to continue as a rotation trigger. According to the analyst, a divergence in favor of the bear was observed in BTC's dominance chart. In addition, the analyst thinks that the actual mining hash rate of the Bitcoin network has decreased. Miners are approaching the capitulation zone in a manner similar to that caused by the FTX crash. According to the analyst, the decline of miners is occurring at a pace similar to the FTX collapse period. Van de Poppe therefore argues that it is only a matter of time before the cryptocurrency market makes a comeback. In addition, the analyst, who also examined BTC's weekly candlestick chart, said that he thought the correction movement was relatively over. 🔺 Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders $BTC #BTC
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👀 Solana Just Dethroned Ethereum in This Key Metric According to data provided by DefiLlama, Solana has managed to destroy Ethereum in daily DEX trading volume ($1.148 billion and $745 million, respectively). Solana-based Raydium, Meteora, Orca, Phoenix and Lifinity are among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap, of course, remain in the lead. As noted by Patrick Scott, the founder of Dynamo DeFi, Solana's DEX volume dominance is also on the rise. In fact, it is on track to surpass the 25% level for the first time this June. Overall, DEX volume has hit $26 billion over the past seven days, according to data provided by Dune Analytics. Earlier this year, trading on Solana-based DEXex spiked due to the growing popularity of meme coins. 🔸 SOL summer? This comes as the "Ethereum killer" is benefiting from increasing ETF buzz. As reported by U.Today, New York-based investment firm VanEck filed to launch an ETF for Solana on Thursday; 21Shares followed suit with its own filing for the red-hot altcoin on Friday. However, those who expect this ETF to see the light in the near future should cool their jets. According to leading analysts in the field, the product is now expected to be approved this year. After initially seeing a sharp price spike due to the ETF hype, the SOL price is currently in the red, slipping by 0.2% over the past two weeks. The popular altcoin is currently valued at $65.2 billion, according to data provided by CoinGecko. This puts it in the fifth place by market capitalization (behind only Bitcoin, Ethereum, Tether and BNB). $SOL #SOL
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📣 Is XRP Security? SEC Veteran and XRP Advocate Sort Out In a recent legal development, Ripple scored a significant victory with the dismissal of most claims in a class action lawsuit regarding XRP. Judge's decision in the Court for the Northern District of California narrowed the case to a minor state law claim related to allegedly misleading statements. The focal point of the ongoing debate is whether XRP should be classified as a security. While Californian ruling is a win for Ripple, it is suggested that XRP could potentially be considered a security under certain circumstances. This stance contrasts with Judge Torres' earlier ruling in New York that XRP does not qualify as a security when sold to institutional investors. 💬 But didn't California just adopt Howey as its own analysis in determining whether a transaction is a security under its state law definition in Corp. Code section 25019? — Fred Rispoli Legal experts Fred Rispoli and Marc Fagel have weighed in on the implications of these developments. Rispoli, a staunch supporter of XRP, highlighted the potential impact of California law on the definition of securities in light of the court's interpretation. Meanwhile, Fagel, drawing on his SEC experience, noted the nuanced federal and state considerations in determining whether XRP transactions fall under securities regulation. "The court's decision leaves open the possibility that XRP could be classified as a security under California law, if not federal law," Rispoli noted in response to the ruling. Fagel disagreed, emphasizing that while California's adoption of federal standards such as the Howey test influences local interpretations, the broader implications for federal courts seeking guidance remain limited. $XRP #XRP
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