Did Gold Beat Bitcoin (BTC) in Last 2.5 Years?

Peter Schiff recently pointed out that gold has been beating Bitcoin over the past two and a half years. This observation comes as gold also surpasses the S&P 500 year-to-date, shedding light on the current state of the economy.

Gold's strength lies in its stability. It is seen as a safe-haven asset, a place where investors choose to store their assets when there's market uncertainty. Over the past 2.5 years, gold has shown a steady growth in value, reinforcing its reputation as a strong and safe investment. On the other hand, Bitcoin's path has been far more volatile, with significant ups and downs. The volatility, however, presents both opportunity and extreme risk exposure.

Comparing the two, gold's price has been steadily rising, reaching around $2,329.57 per ounce, moving well above both its 50-day and 100-day exponential moving averages (EMAs), indicating ongoing strength. In contrast, Bitcoin, currently at around $69,045, has seen more fluctuation and is now facing resistance at $70,000.

Looking forward, for gold to continue its positive trajectory, it would need to maintain support above its 50-day EMA of $2,184. Similarly, for Bitcoin to regain bullish momentum, it would need to break past current resistance levels and hold above the $67,316 mark. If it fails to do so, it could see support at the 50-day EMA of around $64,000.

Bitcoin's potential for high returns attracts investors willing to take on more uncertainty, which is the opposite for gold. Gold and Bitcoin investors utilize different strategies, and it is not really wise to compare them directly. One offers an extreme risk and volatility exposure, while the second one can be used as a tool to protect against inflation in periods when the economy performs poorly.
#BTC、 #BullorBear #BinanceLaunchpool #Nonfarm #Memecoins

Solana (SOL) About to Explode? Hidden Metric Tells a Lot

Solana is in tough times lately. A lot of people are not feeling too good about it, according to Santiment's network sentiment indicator, especially since there was a network outage on Feb. 6, which leads to depressing sentiment around the asset. But now, some say that Solana's price might actually go up because not many people expect it to.

When a lot of people think the price of something will go down, sometimes the opposite happens. That's what some folks think might happen with Solana now. The feeling about Solana is at a low point, which might mean it is time for things to start looking up.

If we look at Solana's price chart, we can see it is at $179.38. If we are going to see an ascent, it needs to pass a tough spot at $180. If it can do that, maybe it can reach $200 next. But first, Solana needs to keep above the 50-day average price of $155.24. This is a line it should not cross below if we want to see the price go up.

If the price does drop below $155.24, the next spot where it might stop falling is around the 100-day average price of $134.59. And if it falls even more, there is a 200-day average price of $102.77 is the next big spot that could help stop the drop and turn things around.

Even though many people are not very hopeful about Solana right now, this could be a sign that the price will start to rise instead. There is also a strategy where investors choose to counter-trade the market sentiment and gain the upper hand instead.
#Solana⁩ #SOLUpdate #BullorBear #BinanceLaunchpool #Memecoins

'Rich Dad, Poor Dad' Author Issues Warning About Major Crash

Robert Kiyosaki, the American author known for his popular personal finance books, has taken to the X social media to warn millions of his followers about the "everything bubble" in U.S. stocks, bonds and real estate. The financial commentator predicts that this bubble is "set to crash."

Kiyosaki has recommended his followers to hedge against this possible crash by buying precious metals (gold and silver) as well as Bitcoin, the largest cryptocurrency by market cap.

Is there stock market bubble?
Even though many investors are concerned about a potential stock market bubble being in the making, historical data shows that their concerns are not grounded in reality. As Reuters points out, the only actual post-World War II stock market bubble burst in the early 2000s during the internet boom. Various companies reached ridiculous valuations during the "dot-com" bubble phase, and this mania eventually turned into a severe bear market.
However, the business media outlet has also noted that corporate balance sheets are currently in good shape, which indicates that the persistent warnings about the "everything bubble" could simply be fear-mongering.

With that being said, SocGen’s Albert Edwards recently opined that various stocks might indeed be showing some telltale signs of a market bubble. He further argued that the artificial intelligence craze might be getting out of hand.

Portfolio diversifier:-
In 2022, the Bitcoin price plunged in tandem with U.S. stocks as the Federal Reserve rushed to hike interest rates in order to tame out-of-control inflation. This prompted many critics to call Bitcoin's diversification abilities into question. That said, Bitcoin might be a more attractive portfolio diversifier in 2024.

In the meantime, Jurrien Timmer, director of global macro at Boston-headquartered financial giant Fidelity Investments, recently pointed to the fact Bitcoin now has a negative correlation with the benchmark S&P 500.
#BTC、 #robertkiyosaki #BullorBear #BinanceLaunchpool #Nonfarm

Shiba Inu Skyrockets 60% in Burn Rate; What it Means for SHIB Price

Shiba Inu (SHIB) has witnessed a remarkable surge in its token burn rate as its price is eyeing momentum. Data from the tracking site Shibburn shows that more than 24.2 million SHIB tokens were burned during the last 24 hours. This means that the token burn rate is currently up 61.02%.

The current circulation supply of the meme coin is a whopping 582.7 trillion tokens. With such a massive circulation supply, the Shiba Inu ecosystem requires token burning events to ensure the scarcity of the SHIB tokens. A balanced circulation supply is imperative, not only for the SHIB price but for a resilient ecosystem as well.

Keeping this in mind, the Shiba Inu community has been active, sending millions of tokens to the dead wallets. Data reveals that around 410.7 trillion tokens have been burned or taken out of the initial supply. This shows the commitment of the community toward the ecosystem. The future outlook for SHIB is going to remain positive if this trend continues and the community remains steadfast.

Shiba Inu price outlook:-
The price of Shiba Inu has witnessed a notable rise amid the surge in its burn rate. As of writing this article, SHIB is trading at $0.00002815 after an increase of 3.18% in the last 24 hours. While the price is still down 10.86% during the last 30 days, today’s surge is hinting at a trend reversal. The meme coin may likely come out of the consolidation phase soon.

Supporting this outlook is the rising trading activity of the coin. Data shows that the 24-hour trading volume of Shiba Inu has surged by 17.39% as it currently stands at $523.51 million. Clearly, the market is now eyeing further gains from SHIB, and it appears that bulls have started to enter the market.

#SHIB #SHIBAInsights #BullorBear #BinanceLaunchpool #Nonfarm

Top 10 Solana Competitors to consider amid transaction failures

Solana (SOL) network issues have escalated affecting investors’ confidence and preventing the proper use of its decentralized finance (DeFi) ecosystem. In this context, Finbold selected ten Solana competitors to consider using and investing amid transaction failures affecting its experience.

Notably, over 69% of all Solana transactions received by validators failed to receive votes for confirmation on April 7. Finbold retrieved this data from Dune Analytics, posted by Dune‘s user and analyst, scarn_eth. Moreover, the transaction failure rate went as high as 75% a few days ago.

Yet, the analyst explained the network issues go beyond this data. This is due to most transaction attempts failing to reach this point in the first place. As explained, servers fail to see the messages from each other before even getting the chance to vote on them.

10 best Solana competitors to consider amid network transaction failures:-
Now, users and investors turn their attention to SOL competitors, in the face of transaction failures and an unreliable Solana network experience.

In particular, Ethereum (ETH) stands as the most capitalized blockchain for Web3 and DeFi, with a $406 billion market cap. However, Solana mostly earned the market’s recent attention due to Ethereum’s poor user experience amid high fees and low scalability.

5 most popular Solana and Ethereum competitors:-
Therefore, users and investors can consider competing layer-1 protocols offering higher throughput and more efficiency, while keeping decentralization and security.

For that, BNB Chain (BNB), Cardano (ADA), Avalanche (AVAX), and Near Protocol (NEAR) are the market’s most popular choices. Each has over $87 billion, $21 billion, $18 billion, and $7.35 billion in capitalization, respectively. Making the top five Solana competitors sided with Ethereum.
#Solana⁩ #SOLUpdate #Ethereum✅ #BullorBear #BinanceLaunchpool

Grayscale GBTC's outflows linked to Genesis's bankruptcy proceedings: Arkham Intelligence

Grayscale's total outflows have exceeded $15 billion.
Grayscale’s Bitcoin Trust (GBTC) has faced a wave of sell-offs in recent weeks. According to Arkham Intelligence, this fire sale is likely connected to Genesis’ bankruptcy proceedings, undertaken to settle obligations with victims of the Gemini Earn program.

Arkham Intelligence noted that over the past three weeks, Genesis redeemed over 32,000 Bitcoin (BTC), which is estimated at approximately $2.1 billion. The redeemed Bitcoin was sent to two specific Bitcoin wallets.

The liquidation follows the settlement between Genesis and Gemini Trust, which resulted in the return of approximately $2 billion to nearly 232,000 Gemini customers. These assets had previously been frozen by Genesis in late 2022.

GBTC has experienced record outflows over the past few weeks, peaking at $642 million on March 18, according to data from BitMEX Research. This trend didn’t slow down until April 3, when GBTC recorded around $75 million in outflows.

The potential sell-off of GBTC holdings could be a key factor behind the recent correction in the Bitcoin price," data-testid="issue-underline:undefined">correction in the Bitcoin price, which fell below $67,000 and extended the correction until the end of March, CoinGecko’s data shows.

This news sheds light on the potential role of spot Bitcoin ETFs in recent market movements. When significant inflows occur in these ETFs, it coincides with surges in the price of Bitcoin and the broader altcoin market. Conversely, heavy outflows can put downward pressure on Bitcoin and dampen growth momentum across the crypto market.
#GRAYSCALE #gbtc #BullorBear #BinanceLaunchpool #Nonfarm

Solana (SOL) Skyrockets 319% Amid Exciting Q1 DEX Volume Surge

Solana, the fifth-largest cryptocurrency by market capitalization, has emerged as a standout performer in the first quarter.

On-chain analytics firm Messari released an insightful Q1 report detailing this growth. Per Messari's "State of Solana Q1 2024," Solana's average daily spot DEX volume skyrocketed by an astonishing 319% to $1.5 billion over the last quarter as DeFi volume grew.

Meme coin trading accounted for the majority of the increase in DEX volumes. During the first quarter of the year, Solana saw an increase in activity across its ecosystem, leading to new project launches and increased developer interest.

Following major SOL and stablecoin pairs, SLERF-SOL and WIF-SOL had the fourth and fifth-highest token pair trading volume in Q1. The SLERF and BOME trading pair was the seventh-highest in terms of volume. Other meme coins in the top 15 by trading volume were BONK and WEN.

Telegram bots have emerged as a popular trading arena for retail consumers, with Solana Telegram bot's average daily active addresses jumping by 573% quarter-on-quarter to 45,000. Telegram bots accounted for around 5% of total quarterly volume, a more than twofold rise over the previous quarter.

Exciting Q1 growth:h
Following a 21% increase in Q4, Solana's stablecoin market capitalization surged by 55% quarter-on-quarter to $2.8 billion, placing it fifth among all networks.
USDC was the sole driver of the growth, with its Solana market capitalization increasing by 111% quarter-on-quarter to $2 billion. Solana now has the second-highest USDC total of any network, trailing only Ethereum.

Solana DeFi TVL grew by 232% quarter-on-quarter to $4.9 billion, placing it fourth among networks. SOL remained a market leader after its breakout in Q4'23. It maintained its position as the fifth most valuable token on the market, trailing only BTC, ETH, USDT and BNB.

SOL's market capitalization remains at all-time highs, having peaked at $77 billion in the previous cycle.
#Solana⁩ #SOLUpdate #BullorBear #BinanceLaunchpool

When Will SOL Break Through $800?

Solana’s innovative blockchain technology underpins its potential surge over $800, attracting significant investor interest.

Expert predictions hint at SOL’s price trajectory reaching $700 by 2025, marking its continued ascent.
Market volatility frames SOL’s trading range, with a promising average price point around $500.

Solana (SOL), a shining beacon in the cryptocurrency realm, is on the verge of an extraordinary milestone. With projections suggesting its price could soon eclipse the $400 mark, the buzz around Solana has never been louder. The cryptocurrency community is abuzz with anticipation, forecasting that if SOL maintains its upward trajectory, an $800 threshold is not just possible but probable by the end of 2025.

At the core of Solana’s appeal is its revolutionary blockchain technology. Known for its exceptional speed and efficiency, Solana offers a scalable solution that has garnered the attention of investors and developers alike. This technological prowess, combined with a vibrant ecosystem, lays the groundwork for SOL’s impressive growth potential.

Market analysts, armed with data and trends, outline a future where Solana’s value could oscillate between $250 and $500 on average, even in the face of market volatility. This steady climb underscores the crypto community’s confidence in Solana’s enduring value and its role in shaping the future of digital finance.

Looking ahead, Solana’s trajectory within the cryptocurrency industry appears not only optimistic but also revolutionary. Its blend of innovative technology and strong market performance positions it as a key player in the ongoing evolution of blockchain technology. The future for Solana shines brightly, promising to redefine expectations and set new benchmarks for success in the crypto world.
#Solana⁩ #SOLUpdate #BullorBear #BinanceLaunchpool #Memecoins

🔥 Charles Hoskinson Reacts to Grayscale Removing ADA from GDLC

In response to Grayscale Investments’ announcement regarding adjustments to its cryptocurrency portfolios, Charles Hoskinson, the founder of Cardano, shared his opinion on the decision to remove Cardano (ADA) from the Grayscale® Digital Large Cap Fund (GDLC).

Grayscale, the world’s largest crypto asset manager, conducted a comprehensive review in accordance with the CoinDesk Large Cap Select Index methodology, leading to the rebalancing of GDLC and the removal of ADA.

Hoskinson’s reaction, “Wall Street gives; Wall Street take,” puts lights on the uncertain nature of investment strategies and the fluctuations within the cryptocurrency market. His comment shows the nature of the cryptocurrency and digital asset environment and how it is controlled by Wall Street sometimes.

Effective from April 3, 2024, the revised portfolio composition of GDLC includes Bitcoin (BTC) at 70.96%, Ethereum (ETH) at 21.84%, Solana (SOL) at 4.52%, XRP at 1.73%, and Avalanche (AVAX) at 0.95%.
Meanwhile, Grayscale’s other funds, such as the Grayscale DeFi Fund (DEFG) and the Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE), have also been readjusted according to their respective index methodologies.

Grayscale has made strategic adjustments to maintain diversified portfolios and optimize fund performance in line with market trends. However, the company has received some comments from the media regarding the lack of updates on its Bitcoin holdings. The latest update from April 1 shared by Lookonchain the on-chain analytics firm, highlights this issue.

Disclaimer: The information presented in this article is for informational and educational purposes only.
#ADA! #GRAYSCALE #BullorBear #BinanceLaunchpool #Memecoins

Cardano Founder Thinks There Is a Make-Believe Agenda in the Crypto Space

Cardano founder Charles Hoskinson believes a make-believe agenda is ongoing in the crypto industry. In a recently uploaded video, Hoskinson argued that some characters in the crypto space create decoy activities to promote some selected projects. According to him, those characters do so while pretending the activities reflect the situation in the crypto industry.

Hoskinson cited the exclusion of entrepreneurs in the Cardano ecosystem in a recent poll, claiming that the intent was to create momentum for particular people and projects. He considered the poll and other similar activities “Kayfabe.” Hoskinson thinks they are staged and do not represent the actual situation in the crypto industry.
In connection to Cardano, Hoskinson thinks some people create those events to cause outrage in the Cardano ecosystem. He noted that the Kayfabe could cause unsuspecting users to panic and fall into a Fear Uncertainty, and Doubt (FUD) situation.

Despite the absurdity of the observed crypto Kayfabe, Hoskinson told the Cardano community he would gladly create a social space for people to learn about the network based on their desire. He noted that Cardano, as an ecosystem, is far beyond the competitive issues portrayed in the crypto space.

The Cardano founder highlighted some cross-chain activities happening on the Layer-1 blockchain. He thinks the value that Cardano creates is enough to attract users to the blockchain network, noting the project does not need to do Kayfabe to get some attention.

Hoskinson emphasized the importance of governance in the crypto space, noting the depth of discourse required for it. According to him, governance requires good communication, foresight, compromise, and consent. However, he thinks the crypto space tends to be shallow over the subject, especially during the bull market.

He noted that Cardano is one of the few communities with the capability for true governance in the crypto space.
#CardanoSurge #BullorBear #BinanceLaunchpool #Memecoins #Hoskinson

Expert Predict XRP to $12 as Ripple Targets Stablecoin Market

Rob Cunningham, the host of KUWL.show, has argued that Ripple’s venture into the stablecoin market, which is expected to reach $2.8 trillion, could make XRP a $12 asset.

Yesterday, crypto payment firm Ripple disclosed its intention to launch a USD-based stablecoin on the XRP Ledger (XRPL). Ripple emphasized that the stablecoin market is worth over $150 billion as of present. However, it cited projections that the market could expand to $2.8 trillion by 2028.

The $2.8 trillion projection has captured Ripple’s attention, prompting the firm to declare its intent to enter the market and launch its USD stablecoin on the XRPL later this year.

Ripple’s declaration sparked bullish commentaries from the crypto community, especially as the proposed stablecoin is coming to XRPL. Pundits examine the potential value of XRP with such pivotal utility coming to its native blockchain.

Among the leading commentators was Cunningham, founder of KWUL Research. Cunningham fixated his XRP price forecast on the cited $2.8 trillion by 2028.

The industry pundit estimated that the current stablecoin market may expand nearly 20-fold to hit the project $2.8 trillion in four years. On this basis, he speculated that XRP may grow by the same margin in four years.

Crypto Author Disagrees:-
Meanwhile, Panos Mekras, the author of “Understanding the Crypto Economy,” challenged Cunningham’s projection of $12 based on the anticipated market size of stablecoins by 2028. He argued that Cunningham’s approach to deriving this price is flawed.

In particular, Mekras pointed out that the projected $2.8 trillion market size encompasses all stablecoins, not just Ripple’s.

Additionally, Mekras stressed that whatever amount of Ripple issues in stablecoins has no direct correlation with XRP itself. He emphasized that the funds associated with Ripple’s stablecoin initiative do not necessarily flow into XRP.
#XRP/USDT🔥🔥: #Stablecoins #BullorBear #BinanceLaunchpool #Memecoins

BitMEX Former CEO Arthur Hayes Named a New Altcoin and Made a Record Prediction for its Price

BitMEX former CEO Arthur Hayes, who attracted attention with his striking statements and analyzes on Bitcoin (BTC) and cryptocurrencies, put Binance's latest Launchpool project, Ethena (ENA), on his radar in his X post.

Ethena, a DeFi project that was recently launched and listed by many exchanges including Binance, has increased its popularity in the crypto market with its rise of over 20%.

BitMEX co-founder Arthur Hayes expressed bullish expectations, noting the popularity of ENA and predicting a rise for the ENA price to $10.

“Korean Investors Have Not Stepped In Yet!
Expressing his support for the DeFi project with his record prediction of $ 10 for the ENA price, Hayes said that ENA is not yet listed on Korean exchanges.

According to Hayes, there may be a strong rise in ENA price when Korean investors start trading after the ENA listing.

Arthur Hayes' $10 share for the ENA price is just a prediction, and investors should approach Hayes' predictions with caution, considering that the cryptocurrency market is inherently volatile and unpredictable. Therefore, make your investment decisions based on your own research.

*This is not investment advice.*
#BITMEX #Ethena! #BTC、 #Altcoins👀🚀 #BullorBear

Is Litecoin (LTC) Becoming a Crypto Pack Leader?

Litecoin has recently shown impressive performance, standing out from the rest of the altcoin group. On the last day alone, its price has jumped by 8.9%, a move supported by a significant rise in transaction volume over the past month.

Moreover, there is an interesting shift in Litecoin's on-chain dynamics: the age of invested funds in LTC is decreasing, suggesting that large holders are becoming more active and putting more coins into circulation.

As for the price performance of Litecoin, it is currently trading around $101.09. The resistance level to watch is near $118, a point where sellers previously stepped in and halted a price increase. If Litecoin can break past this resistance, we could see further upward momentum.

Obviously, if the resistance holds still, the support level at $93.46 is crucial. This is a price where Litecoin has found strong demand in the past, suggesting that if it falls to this level, buyers may step in to push the price back up. A dip below this, however, and the next substantial support is down at $86.20.

The fresh investment activity indicated by the younger dollar age suggests that there is renewed interest in Litecoin. This could be due to investors looking for established-yet-still-promising digital assets amid the crowded altcoin space. If Litecoin can sustain its current growth and break past key resistance levels, it could indeed be on its way to becoming a leader among its peers.

While Litecoin's recent growth is promising, you should not get too crazy about it. While its indicators are positive, they are not guarantees of future performance. Follow LTC's price performance and various crucial metrics in order to avoid any unexpected price moves.
#Litecoin #LitecoinToTheMoon #BullorBear #BinanceLaunchpool #Memecoins

Legendary Investor "Robert Kiyosaki" Reveals What He Would do If Bitcoin Price Drops to $200

In a recent statement, millionaire US businessman Robert Kiyosaki shared his financial strategy in the event of a significant market crash.

Kiyosaki made his statement in response to predictions made by analyst Harry Dent, who predicted that a major “everything collapse” was on the horizon.

Dent's forecast paints a grim picture for the “Baby Boomer Generation” and predicts a significant decline in home prices. He also suggests that the S&P could potentially fall by a staggering 80%. Additionally, Dent predicts that the largest cryptocurrency, Bitcoin, will drop to $200 per coin.

However, Kiyosaki is not impressed by these predictions. In his statement, Kiyosaki states that he plans to increase his investments in real estate, gold and silver if Dent's predictions come true. If Bitcoin drops to $200 per coin, Kiyosaki plans to buy as many coins as possible.

Kiyosaki claims that those prepared for such a market crash could potentially emerge as multi-millionaires or even billionaires. He argued that he hoped Dent's predictions were correct because it would present a significant investment opportunity.

Kiyosaki, who has been expressing his views on Bitcoin for years, refers to BTC as “people's money” and describes the dollar as “fake money”.
#BTC、 #BitcoinTrends" #Memecoins #BinanceLaunchpool #BullorBear

Is Now Polygon's (MATIC) Golden Hour? Unpacking the Accumulation Phase

Polygon (MATIC) price faced a significant decline over the past 48 hours, bringing its two-week-long drawdown to a potential halt.

From here, the likely outcome will be an uptrend, making MATIC a rather profitable addition to portfolios.

Polygon Investors Bullish?
MATIC price under $0.900 is the first such instance since mid-February. The cryptocurrency marked a high of $1.26 in mid-March and since then has been engaged in a decline. This has resulted in the altcoin losing its value to the point where it seems like a rather good option to accumulate.

The Market Value evinces this to the Realized Value (MVRV) ratio as well. The MVRV ratio tracks investor gains/losses. Polygon’s 30-day MVRV, now at -14.75%, indicates losses, possibly prompting accumulation. Historically, MATIC within -5% to -15% MVRV often precedes rallies, terming this area as an opportunity zone.

Given that the price is declining right now, 42% of investors will refrain from selling their holdings at a lower price than Polygon. This will give accumulators an opportunity to witness some upside, consequently pushing Polygon’s price upwards.

MATIC Price Prediction: Recovery Awaits:-
If Polygon investors make their next move bullish instead of bearish, the likely outcome will be a rise in MATIC price. Trading above the $0.88 support level, in confluence with the 100-day EMA, the altcoin will potentially bounce off from here to reclaim the $0.92 resistance.

This price level has been tested as support multiple times in the past and would serve as a boost to the Polygon token to breach the $1.0 price point.
However, if the $0.88 support is lost, the altcoin could slip to $0.81, and falling through this level would invalidate the bullish thesis, leaving MATIC vulnerable to losing $0.80.
#PolygonMATIC #MATIC✅ #MATICUPDATE #Memecoins #BinanceLaunchpool

Bitcoin ETFs Lose Ground Again as Over $302 Million Leaves Grayscale Trust

After closing out March with a dip and tepid recovery, net flows to Bitcoin exchange-traded funds (ETFs) have kicked off the week in the red. Investments were negative yesterday with outflows of $85.7 million, data from BitMEX Research shows.
Last Thursday, for the third consecutive day in a row, more than $100 million entered the popular new funds, bringing the total for the week to $845 million.

The week before that, however, all the Bitcoin tracking funds experienced outflows, blamed on “investor hesitancy” following a dip in crypto prices.

But yesterday, cash continued to flow into all the funds—except one: Graycale’s GBTC, which experienced $302.6 million in outflows. The fund was one of 11 Bitcoin ETFs given the green light by the U.S. Securities and Exchange Commission to start trading in January.
Of all the products, GBTC has been the only one investors have consistently drawn cash out from.

This is largely down to bankruptcy crypto companies redeeming shares and investors moving to funds with lower fees—Graycale’s entry has the highest fees of all the funds.

Although the outflows were slowing down, yesterday showed that the carnage isn’t over just yet.

As a result, the price of Bitcoin is down today: the asset is now trading at $65,348 per coin, CoinGecko data shows—a 24-hour dip of nearly 6%. In mid-March, the asset hit a new all-time high of nearly $74,000.
#BitcoinTrends" #BTCETF #Memecoins #BinanceLaunchpool #BullorBear

Here's What Cardano Price Might Reach If ADA Repeats 3,775% Surge of 2021

If Cardano repeats the 3,775% surge of late 2020 and 2021, its price could rise to a substantial double-digit value at the peak of the anticipated altcoin season.

The current bull market has been ongoing for approximately six months, during which Bitcoin (BTC) has surpassed its 2021 all-time high.

Lower-ranked assets such as Render (RNDR) and Injective (INJ) are also experiencing a price discovery phase, having cracked their previous all-time highs.
Despite the ongoing bull market, many altcoins like Cardano (ADA) remain significantly below their 2021 highs. In particular, ADA trades at a staggering 81.04% below its previous peak of $3.10.
Nonetheless, market participants are still optimistic about a potential ADA price surge once the altcoin season gains momentum. Market observers expect the altcoin season to kick into full gear this month following the Bitcoin halving.

Cardano 2020 to 2021 Bull Trajectory:-
Notably, the ADA traded for pennies for an extended period after the 2017 rallies before regaining its footing in late 2020. For instance, Cardano opened in 2020 at $0.03283 and remained around that range for most of the year.

Meanwhile, the token experienced a 338% rally that year, propelling its price to $0.14 in August 2020. By this time, the Bitcoin halving had already occurred in May 2020.

However, the ADA collapsed significantly in September, dropping to $0.08. Remarkably, its recovery from this point was more enduring, as it maintained a steady path and reclaimed the $1 threshold by February 2021.
Cardano’s uptrend did not cool off until May 2021, when it traded at $2.3 for the first time. It experienced nearly three months of bearish performances before resuming the bullish momentum and ultimately hit $3.10 by September 2, 2021.
ADA Repeating History:-
At press time, Cardano sells for $0.5832. Repeating a similar 3,775% surge over the next year would imply ADA expanding by nearly 38-fold, potentially putting its price above $21.
#CardanoSurge #ADA! #Memecoins

Shiba Inu Whale Who Made $800K with $4K Misses Out on $10M Gain

A Shiba Inu (SHIB) whale who secured $800,000 with an initial $4,000 investment missed out on clinching a $10 million return due to hasty selloffs.
Shiba Inu stands out as one of the crypto assets with a rich history of turning peanuts to fortunes. The cryptocurrency’s meteoric surge during the 2021 bull run represented the largest price spike for any mainstream asset in crypto history.

Research from CoinGecko confirmed that Shiba Inu successfully transformed $12 to $1 million from 2020 to 2021. Multiple early investors rode on this rally to retirement, but some, while they entered the market rally, missed out on more substantial gains due to hasty selloffs.

Investor Misses out on $10M:-
Blockchain data reveals the case of a particular market participant in this category, who procured billions of Shiba Inu with a mere $4,000 when the asset still traded around the $0.00000003 price level.
This investor leveraged Uniswap V2 to swap 3 Ethereum (ETH) worth nearly $4,000 for 122.92 billion SHIB on Jan. 31, 2021. At the time, Shiba Inu changed hands at $0.0000000325, allowing the market participant to amass more tokens for a discounted price.

However, as Shiba Inu began recording its price growth, this investor started selling off his holdings for meager profits. The first sale came up in April 2021, three months after his purchase. In this sale, the investor dumped 31.889 billion SHIB for 2 ETH worth $4,600 at the time.
As Shiba Inu rallied to the $0.0000010 price territory, the market participant saw an opportunity to dump the remaining tokens he had, selling off 69.8 billion SHIB for 212 ETH on May 8, 2021. These ETH tokens were valued at $730K against the rates at the time. The last sale brought the investor’s total profit to $800K.

Similar Cases with Shiba Inu:-
In addition, at the current Shiba Inu Price of $0.00002688, the tokens are valued at $3.3 billion, representing a much higher return than the $800K.
#SHIB #shiba-inu: #Memecoins #BinanceLaunchpool #BullorBear

Bitcoin Tumbles Below $67K as Solana Crashes 6% Daily

The past 24 hours saw the broader cryptocurrency market lose around $120 billion of its total capitalization, which is currently sitting at roughly $2.63 trillion.
This comes on the back of notable declines from the majority of coins, including Bitcoin, Ethereum, Solana, and others.

Bitcoin’s Price Tumbles Below $67K:-
Bitcoin lost around $3,000 throughout the past day following a sudden crash earlier this morning. The price went from almost $70K to $67K in minutes, triggering a wave of liquidations.
As CryptoPotato reported, the total number of liquidations surpassed $500 million in the past 24 hours, where the majority of them were long positions, as expected. Nevertheless, many analysts remain positive that this is a healthy retrace to less leveraged levels.

It’s also worth noting that this month, the Bitcoin halving is scheduled to take place. It will reduce the supply of new bitcoins in half. This has been historically bullish for the BTC price.

Altcoins Take a Beating:-
The altcoin market is entirely painted in red today, and most of the coins had it worse than Bitcoin. Ethereum, for example, lost 5%, Cardano (ADA) is down 5.3%, Avalanche (AVAX) – lost 8%, and so forth.
Meme coins are also retracing considerably. Dogecoin lost some 9% in the past 24 hours, Shiba Inu (SHIB) – lost about 6.4% – these are the meme coin market leaders in terms of total capitalization. Dogwifhat (WIF) – the Solana-based meme sensation – is down 15.3%, while PEPE loses around 12%.

It’s interesting to see if the meme coins will come back swinging, as they tend to do in the past few weeks.
It’s not all doom and gloom, however. Core (CORE) is a whopping 23.3% in the past day, followed by Bittensor’s TAO, which is up 10.6%. These are the two top performers for today.

WIF, on the other hand, is the worst performer, followed by Bitcoin SV (BSV), which is down 12.4%, according to data from CoinGecko.
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🔥 What is the reason for the decline in Bitcoin and Altcoins? QCP Capital Analysts Announced!

While the leading cryptocurrency Bitcoin experienced a sudden decline again this morning, the BTC price fell again to the level of $ 66,000.

While Ethereum (ETH) along with BTC dropped to $ 3,319 for a short time, QCP Capital analysts said that it was due to liquidations in the exchanges.

Stating that funding rates have increased to very high levels, analysts said that funding rates were effective in the recent decline.

“The options market and higher funding rates have once again given an early signal of a sharp downside move, particularly the downward trend in risk reversals.

Bitcoin broke $70 thousand and fell below $66 thousand. ETH traded as low as $3,320.

The pace of this decline was driven by massive liquidations on retail-heavy exchanges like Binance, where funding rates rose as high as 77%.

“These high levels and the recent decline bring spot prices back to the mid-range of $60-72 thousand.”

While the recent decline in Bitcoin left investors waiting for the rise in a tailspin, according to data from Coinglass, leveraged positions worth $ 394 million were liquidated in the last 24 hours. Of these, $312 million consisted of long positions and $81 million consisted of short positions.

While 120,310 investors were liquidated in the last 24 hours, the largest liquidation took place in the ETH / USD trading pair on the OKX exchange.

*This is not investment advice.*
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