BitMEX founder Arthur Hayes made it known through a tweet that he is swapping his Solana holdings for Ethereum.Investors are eagerly awaiting the approval of a Spot Bitcoin ETF, a development poised to play a pivotal role in initiating a noteworthy price rally.Notably, Ethereum has seen a robust 5% surge in the past 24 hours, surpassing the crucial $2300 mark, marking a substantial increase following a week of fluctuations.
According to Coingabbar Technical Analysis, Ethereum is facing challenges in surpassing the crucial $2,330 resistance zone.Currently, the price maintains a position above $2,250 and the 21-hourly Simple Moving Average.On December 18th, Ethereum retraced to retest the Ascending Triangle pattern, resulting in a noteworthy 9% surge.Despite breaching the Bullish Flag pattern recently, ETH struggled to sustain its position above it.Notably, today's market activity saw Ethereum breaking the Bullish Flag pattern accompanied by significant trading volume, triggered by a tweet.The potential for a substantial upward movement exists if Ethereum manages to close convincingly above the resistance levels at $2,330 and $2,350.In the event of a sustained rally, there is a possibility of Ethereum reaching a new yearly high before the close of the year.
KEY LEVELS :
RESISTANCE LEVEL : $2,350-$2,400
SUPPORT LEVEL : $2,270-$2,220
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#ETH #BinanceWish #crypto2023 #dyor #BullRunPredictions $ETH

Bitcoin enthusiasts are eagerly awaiting the US Securities and Exchange Commission's (SEC) decision on the Ark 21Shares Bitcoin ETF, set for a crucial deadline on January 10, 2024.Excitement is building as the SEC gears up to share insights on recent S-1 filing tweaks, raising hopes for potential approvals on Wednesday and Thursday.Concurrently, expectations point to the US Manufacturing Purchasing Managers' Index (PMI) maintaining its position at 48.2 throughout December 2023.According to Coingabbar Technical Analysis, 1. Bitcoin formed a base above the $41,500 support zone.After trading sideways, The BTC price broke through previous highs.Bitcoin's recent breakout from a four-week pennant pattern is notable.BTC is gaining momentum, surpassing $44,000 and $44,500 resistance levels.Recent rumors of spot ETF approval have fueled a fresh increase in Bitcoin price.Bitcoin's price is up by over 7.70%, clearing the $45,000 resistance.Positive signs are evident as Bitcoin maintains a closing price above the $45,000 resistance level.The BTC price broke out of an ascending triangle, aiming for the next resistance at $47,600.
KEY LEVELS :
RESISTANCE LEVEL : $46,000-$46,600
SUPPORT LEVEL : $45,400-$44,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#BTC #crypto2024 #BullRunPredictions #etf #dyor $BTC

As we approach the second half of 2021, many investors and enthusiasts are eagerly anticipating the much-anticipated bull run in the cryptocurrency market. After witnessing a rollercoaster ride in the past, expectations are running high with market analysts predicting an exciting and potentially profitable period ahead. So, what can we expect in the incoming bull run?$BTC $XRP Price Surge:One of the primary aspects of a bull run is a substantial price surge across various cryptocurrencies. Historically, during such periods, Bitcoin, the leading digital currency, is known to reach all-time high prices, often followed by other altcoins. Investors can expect significant gains as the demand for cryptocurrencies increases, attracting both new and institutional investors.Increased Market Capitalization:As the cryptocurrency market experiences a bull run, the overall market capitalization tends to soar. This increase represents a growing interest in digital assets, as more people realize the potential of cryptocurrencies as an investment class. This surge in market capitalization brings more stability and recognition to the crypto market.#CryptoMoj Altcoin Opportunities:During a bull run, Bitcoin typically leads the rally, but altcoins can present lucrative opportunities for investment. As the market sentiment becomes more positive, altcoins such as Ethereum, Litecoin, and Ripple may experience remarkable price appreciation, creating a potential avenue for gains beyond Bitcoin.Shift in Market Dynamics:The influx of new investors and increasing market capitalization during a bull run can lead to a shift in market dynamics. The rising demand for cryptocurrencies can potentially drive increased liquidity and trading volumes, attracting professional traders and institutional investors to the market. @crypto_MOJ news #originalcontent #BullRunPredictions

ETH price has encountered a significant long-term horizontal resistance zone, present since the beginning of 2022.Ethereum's price stabilizes in an upward trend, starting the New Year bullish, exceeding $2,400. Surge in demand noted post the release of the 2024 Ethereum network roadmap by Vitalik Buterin.According to Coingabbar Technical Analysis, On the daily chart, ETH resides within the trendline of an ascending parallel channel.From Oct 2023, ETH is trading above 50 Day EMA.On the 4-hour chart, Ethereum Price is at a Tipping Point.ETH started a fresh surge above the $2400 level but failed to cross $2450 and fell back.On the 4-hour chart, ETH is facing major resistance from the $2450 level.Yesterday on the daily chart, ETH has formed a Long Upper Shadow indicating that bears are active near the high.Ethereum aims for an upside break above the $2,450 resistance, potentially rallying akin to Bitcoin with a close above $2,500.
KEY LEVELS :
RESISTANCE LEVEL : $2,410-$2,450
SUPPORT LEVEL : $2,350-$2,300
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#ETH #crypto2024 #dyor #DYOR🟢 #BullRunPredictions $ETH

BlackRock, Nasdaq, and SEC officials held a second December meeting to address rule changes for the anticipated listing of spot Bitcoin ETFs.BTC maintains a strong uptrend, indicating potential for continued upward movement.Possibility exists for Bitcoin to gain momentum, surpassing the $45,000 mark.According to Coingabbar Technical Analysis, On December 18th, BTC found support at $40,500 and initiated an upward trend.The price encountered resistance around $43,500 but faced another obstacle, leading to a drop to $41,800.Recent developments include discussions on Bitcoin ETF, BlackRock, Nasdaq meeting with the SEC, contributing to a rise in BTC.Despite facing resistance, BTC breached the $43,500 hurdle and traded above $44,000 levels.A bullish candle formed on the daily chart, and BTC broke and closed above the Symmetric Triangle pattern.BTC is currently positioned close to the upper limit of the double bottom reversal range.If BTC successfully closes above the channel, a new high is anticipated with a rally towards $50,000.Conversely, if BTC fails to surpass $45,000, a sharp selling scenario may unfold, testing $42,000-$40,000 levels again.
KEY LEVELS :
RESISTANCE LEVEL : $44,200-$44,700
SUPPORT LEVEL : $43,300-$42,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#BTC #BinanceWish #crypto2023 #dyor #BullRunPredictions $BTC

Steingraber's argument is predicated on the concept that banks should store XRP as a reserve asset, similar to how gold is now held. The possible transformation in how financial institutions see XRP is emphasized by the fact that he makes it clear that "Banks holding XRP, that's the Holy Grail." This modification would increase the status of the cryptocurrency, establishing it not just as a type of cryptocurrency that can be used for transactions but also as an asset that is fundamental to the functioning of banking operations.
Steingraber predicts a future in which financial institutions would develop private ledgers for their internal operations, which will need them to maintain considerable reserves of XRP. According to his explanation, "Banks will create a Private Ledger and HOLD XRP as a reserve asset in the same way that a central bank will hold gold as a backing asset." This method of utilizing XRP is analogous to the conventional banking system's dependence on gold, which suggests that there is a paradigm change occurring in the management of digital assets.
In addition to this, the theory emphasizes the significant function that liquidity hubs, such as Metaco, play in the emerging financial ecosystem. It is pointed out by Steingraber that in order to enable transactions between banks, these hubs would need to have substantial amounts of XRP in their possession. "The LHs also hold a balance of XRP because they are the third party exchange that requires a transfer on the XRPL of the issued IOU Derivative into another IOU Derivative," he observes, highlighting the significance of XRP in this process. "The LHs are the third party exchange to hold a balance of XRP."
One of the most important aspects of Steingraber's argument is the subsequent shortage of XRP in the public market as a result of money being accumulated by banks. He makes a prediction that there will be a big change in the public supply, noting, "The public quantity of XRP that is circulating on cryptocurrency exchanges is far smaller than people realize... "The banks are going to come for the public supply of XRP when they are ready, and once they have it, it will be gone forever." It is believed that this anticipated scarcity would cause financial institutions to experience fear of missing out (FOMO), which will result in a quick depletion of XRP's availability to the general public.
Steingraber's thesis culminates in the forecast of a significant increase in the price of XRP. This increase is driven by the combined impacts of banks using it as a reserve asset, the establishment of private ledgers, the critical role of liquidity hubs, and the public supply shortage that results from all of these factors. He envisions a future in which the value of the cryptocurrency may explode as a result of these causes, with the possibility of reaching a sum of twenty thousand dollars.

#xrp #crypto2024 #BullRunPredictions $XRP

Avalanche : The tiny transaction fees in "Avalanche" save builders a ton of money on overhead costs.
Solana: Over seven thousand people took part in the Hyperdrive Hackathon in November, and over nine hundred projects were created.
Cardano : is a proof-of-stake blockchain technology that aims to provide improved security and scalability.
However, if investors are looking to gain a leg up in 2024, there are three cryptocurrencies that I strongly suggest adding to your portfolio.
Avalanche

Unique among smart contract platforms, Avalanche's three-chain design (X-Chain, C-Chain, and P-Chain) allows it to perform 6,500 transactions/second. An active and growing community of developers is evident on the C-Chain, as the number of smart contract installations has increased.
Late November saw the issuance of 9.54 million AVAX tokens, which coincided with Avalanche's month-to-date rise. This shows that market absorption has been resilient and demand has been sustained. This happened when the gas fees for Ethereum (ETH-USD) were rising; in December, Ethereum's gas cost was $4.66 per transaction, while Avalanche's median gas cost was just $0.051.
Layer one blockchains like Avalanche establish the groundwork for a wide range of uses. As a blockchain network that can be customized, it competes with Ethereum. Despite certain bearish on-chain signs and a little decrease in large transaction volume, the majority of unit holders are still making money, which shows how enthusiastic people are about Avalanche. The next objective for AVAX's upside is somewhere around $80.
Solana

With a 3% gain in the past day and an impressive $4.55 billion in trading volume, Solana has recovered from the critical $100 support level and is now trading at $104.25. Solana is the fifth most valuable cryptocurrency on CoinMarketCap, with a market valuation of over $44.74 billion and a total of 429,177,917 SOL coins in circulation.
Many are watching Solana's reaction to these market factors with bated breath, hoping that this surge will propel the cryptocurrency to new heights.
Also, investor Cathie Wood lauded Solana for having better utility than Ethereum, which caused its price to rise. After Wood endorsed SOL on CNBC, its market valuation skyrocketed, placing it among the top five cryptocurrencies. Consistent with Wood's assessment of its efficiency relative to ETH, analysts predict a surge in 2024.
Cardano

The emphasis on security and empirical approaches of Cardano has garnered a substantial following. The project's methodical approach appealed to investors who were looking for rewards in the long run. The price of Cardano surged to roughly $0.60 in 2023, more than doubling its value. The project's impressive success in recent weeks disproved early doubts.
Given its lesser market valuation in comparison to Bitcoin, Cardano is in a favorable position to potentially benefit from Bitcoin rallies and events following the halving. Experts say that Cardano is one of the most stable cryptocurrencies, with a reasonable risk-reward ratio and a possible gain of 2,800% for investors.
Also, a group of whales bought 100 million ADA when ADA dropped to $0.86, suggesting short-term positive sentiment. Beyond the ebb and flow of market sentiment, Cardano is a cryptocurrency to keep an eye on due to institutional interest and continuous ecosystem advances including decentralized governance and improved network functionalities.
#crypto2024 #cryptocurrency #BullRunPredictions

Over the course of the previous week, Ethereum (ETH) has garnered significant interest from investors as it steadily approaches the price range of $1900. In parallel to several assets that have experienced gains within the market rally driven by Bitcoin, Ether, also referred to as ETH, has observed a 5.85% increase over the past seven days. Consequently, its whole price surge over the course of the previous four weeks amounts to 15.17%.

Significantly, a recent migration of whales has engendered heightened conjecture regarding ETH, giving rise to predictions that the foremost alternative cryptocurrency may imminently undergo a substantial increase in value.
According to a recent publication on X, Lookonchain, a blockchain analytics platform, reported that a prominent Ethereum (ETH) investor, identified by the wallet address "0xb15," recently acquired a substantial amount of 8,698 ETH from the Binance exchange. This transaction amounted to a valuation of around $15.94 million. Additionally, during the acquisition process, the investor deposited a significant sum of 31.8 million USDT.

The aforementioned Ether investor's previous actions have garnered significant scrutiny, resulting in heightened focus on this particular transaction. Widely recognized as an intelligent cetacean, the entity referred to as "0xb15" has engaged in a total of eight Ethereum (ETH) transactions since February 12, exhibiting a notable success rate of 87.5% and accumulating a combined profit of $13 million, as reported by Lookonchain.
Specifically, this intelligent cetacean is renowned for engaging in the practice of purchasing assets at a cheap price and subsequently selling them at a higher one. In a recent transaction, a deposit of 24,495 ETH (equivalent to $45 million) was made on the Binance platform on November 2. This deposit followed the acquisition of 24,548 ETH, valued at $39.8 million. As a result, a profit margin of roughly $5.47 million was achieved.
After the acquisition made by the individual with the identifier "0xb15" on the first day of the week, it is probable that several traders are currently exercising increased vigilance, as this transaction suggests that the prominent investor is expecting a sustained upward movement in the value of Ether throughout the next period of several days.
Upon analyzing the daily chart of Ether, it can be observed that the cryptocurrency has potential to surpass the $1900 price threshold, given the sustained buying pressure. Nevertheless, it is essential for investors to take into consideration the Relative Strength Index (RSI) of the token, which now stands at 71.43. This value suggests that the token has entered the overbought territory, perhaps signaling an upcoming trend reversal.
The Market Records of #Ethereum (ETH) The weekly outflow of funds from the largest centralized cryptocurrency exchanges (CEXs) has reached its highest level since the month of August.
According to statistics provided by IntotheBlock, centralized exchanges (CEXs) have recently seen a significant outflow of Ether amounting to $210 million during the past week. This signifies the altcoin's most substantial weekly withdrawal from centralized cryptocurrency exchanges (CEXs) since the month of August.
The presented data just indicates the prevailing optimistic feeling in the ETH market, since the decrease in the token's availability on exchanges signifies heightened buying activity by investors.

As of the present moment, the current market value of Ether is at $1890.95, exhibiting a 2.61% increase throughout the past 24 hours. Nevertheless, the daily trading volume of the token has experienced a decline of 11.485 units and is currently valued at $6.02 billion. Ethereum, boasting a market capitalization of $227.4 billion, continues to hold its position as the second-largest cryptocurrency globally.
#crypto2023 #BullRunPredictions

As the year draws to a close, there has been a substantial rise in the amount of interest in alternative cryptocurrencies like Polkadot. The cryptocurrency market has seen Polkadot (DOT) emerge as a standout performer after the cryptocurrency posted a remarkable rise of 47% in the month of December.
Polkadot Experiences a 20% Increase
As a result of the most recent development, the value of DOT has skyrocketed, increasing by an astounding twenty percent in only the past two days.
Polkadot has proven the increased interest and confidence of investors in the cryptocurrency by breaking past the $7.9 barrier, which created a new record for 2023 and highlighted the cryptocurrency's ability to break through the barrier.
Particularly noteworthy is the fact that Polkadot's price structure technical analysis indicates a prosperous future. In spite of the fact that there is a possibility of a modest reversal occurring in the days ahead, the general trend indicates that more price rises are likely to occur.

Traders and investors who pay careful attention to technical indicators are drawn to DOT as a result of this prognosis, which increases the good impression around the company.
The Polkadot blockchain has witnessed a considerable increase in income, which indicates that more people are using the network. This is in addition to the extraordinary success it has had with its pricing.
It is clear that customers and developers are actively interacting with Polkadot's ecosystem, which is seeing growing popularity, as seen by the growth in income.
There is a correlation between the abrupt surge in DOT costs and the substantial increase in activity that has been observed on the Polkadot network. At the time of the most recent update, the Polkadot relay chain has already logged an astounding one million transactions, which is a record high for the amount of daily activity.
1 Million transactions today on the Polkadot relay chain.
This is the highest activity day on Polkadot in history, topping out the 941,000 transactions on May 5, 2021.
The activity is due to inscriptions. pic.twitter.com/BYoMBREbyd
— asynchronous rob (@rphmeier) December 21, 2023
The Department of Transportation (DOT) Breaks the Record for Transactions, Creating Opportunities for Growth
This surpasses the previous record, which was set on May 5, 2021, when 941,000 transactions were completed. The inscriptions are the primary reason for the increasing activity, and they are also contributing to the surge in interest and engagement in the Polkadot ecosystem.
TOP BLOCKCHAINS BY REVENUE RATE IN 7 DAYS
📊 Witness the economic prowess of the blockchain world
💸 Delve into the top blockchains by revenue rate in the past 7 days—unveiling the financial leaders shaping the decentralized landscape
🚀In the last 7 days, @Polkadot placed… pic.twitter.com/rCt32BygDw
— Polkadot Insider (@PolkadotInsider) December 20, 2023
There is a clear indication that there is higher use and engagement with the Polkadot platform when there is an increase in activity. This heightened interest not only showcases the capabilities of the platform, but it also attracts the attention of developers and consumers.
It is possible that the surge in attention may lead to more adoption, which would lead to the extension of the ecosystem and result in a significant increase in the value of the Polkadot network and its native coin.
The greater the number of developers and customers who engage with the platform, the more momentum it generates, and this may have a huge influence on how Polkadot evolves in the cryptocurrency area in the future.
Polkadot is creating waves in the cryptocurrency market and has surpassed all expectations by achieving a new high for 2023. As a result, the future of this active blockchain appears to be quite bright.
#DOT #Polkadot #BullRunPredictions $DOT