.Bitcoin rose above $46,000 at a one-month high, supported by signs of steady inflows into the token as well as growing interest in the so-called halving event due in April. . The largest digital asset rose about 4% to $46,450 in the past 24 hours, bringing its 2024 rise to about 10%. Smaller tokens such as Ethereum, Solana, and Cardano also rose. . Nine spot bitcoin exchange-traded funds debuted on January 11, while the more than decade-old Grayscale Bitcoin Trust was converted into an ETF on the same day. These funds expanded the investor base in the famous digital currency. The new funds have attracted a net $8 billion so far, while the $6 billion outflow from the Grayscale fund since its conversion is now running out of steam. . “Bitcoin appears poised to resume its bull run now that outflows have finally tapered off,” said Caroline Morrone, co-founder of digital asset derivatives liquidity provider Orbit Markets. She added that the “halving event” will gain momentum, and the price of Bitcoin will likely exceed $50,000 in the next few weeks. . Halving is the systematic, algorithmic reduction in Bitcoin's block reward, meaning that the rewards miners receive for validating blocks are reduced by 50% every 210,000 blocks using specialized, energy-intensive computers. . The next halving, scheduled for April 2024, will reduce miners’ profits to 3,125 bitcoins per block (about $94,000), compared to the current 6.25 bitcoins, or approximately $189,000. . A team led by chief economist Timur Beg of DBS Bank Ltd wrote in a note that previous halving events were followed by a “strong rally.” “As the mining reward decreases, the price of mining production (i.e. Bitcoin) should rise to compensate and not cause a drain on computational resources by miners,” the team added. . Bitcoin remains about $23,000 below the record high the cryptocurrency hit in 2021, during a pandemic-era bull run fueled by easy money. $BTC #Followforemore

.Current currencies send conflicting signals in early February following the stagnation of the market in January. Although the fourth quarter of 2023 was dramatically bullish. However, the trend has changed with a little interest in agreeing to the Spot BTC ETF boxes in the United States. Alternative currencies that showed great potential in December. Including the price of XRP has reduced some gains to the levels that were last seen in October and November.1. Can the XRP price rise as the Halfing Bitcoin event is approaching? As the investment funds circulated from the road, investors look forward to the next market. What in this case is the Halfing Bitcoin event. Although this event has a direct effect on bitcoin. However, it tends to launch a large -scale ascending market.. The Bitcoin Halfing event, which occurs almost every four years. To reduce the mass bonus by 50 %, which directly affects the dynamics of display. In theory. This programmed scarcity leads to high prices due to the principles of classic supply and demand.However, the effect on the price is not always immediate or written. Historically, price rises occurred months after the Halfing. Perhaps because of the anticipation and market courses.The former Halfing occurred in May 2020 when Bitcoin was traded at about $ 8,778. Subsequent increases in bitcoin caused a peak of about $ 69,000 after approximately 18 months after the event.. In addition, the effect of the Halfing extends beyond bitcoin. It often leads to bullish morale across the broader encrypted currency market, where investors are looking for high -growth alternative assets.However, returning price movements to the Halfing only is difficult due to the complex interaction between the market forces. Organizational changes, and the broader economic factors.While Halfing represents a long -term bullish bullish state of bitcoin and cryptocurrencies in general. Beginner and experienced traders must carefully consider these nuances and make a comprehensive technical and basic analysis before making investment decisions.. 2. The Ripple currency (XRP) fell to its lowest levels, the price of XRP returned to the levels that were last seen in November and October. This means that he tests the same support before the fourth quarter of $ 0.485 to $ 0.75. And as long as the bears respect the area of the congestion of buyers. The next step can reinforce the XRP, targeting the main landmarks at $ 0.6, $ 0.8 and $ 1.. Although the RSI index (RSI) is neutral at the time of writing this report. However, it approaches the peak of the sale, which means that the reflection of the direction is not far away.In this case, traders must search for successful bounces of the main support range between $ 0.54 and $ 0.48. Likewise, the average cost of dollars within this range would give investors the opportunity to not miss the next step.Above one dollar, the rise in the price of XRP can be equivalent and mainly moves it. (NYSE: GPS) were absent most of the currency holders from the previous height, as trading platforms and other main entities removed the inkin due to allegations of being a securities.. However, with the XRP acquittal by the court in July. It is unlikely that there is another time guarantee to obstruct the toxin from reaching the highest new level ever.Grzegorz Drozdz, market analyst at Conotoxia said. In a statement regarding the performance of the XRP price: "The partial solution to the conflict with the US Securities and Stock Exchange (SEC) can stimulate the growth of XRP in the near future.""The height in the world of encrypted currencies may be a blessing for XRP," Drozdz added. If other cryptocurrencies rise, XRP can ride the wave.. It is not possible to exclude more decline without support for the range because the price of XRP was not out of the danger. Moreover, stability is under the three emerging market indicators. The SIA moving average indicates for 20 days (EMA), and the SIA moving average for 50 days. The SIA moving average for 200 days indicates that the possibilities may still be in the interest of speculators and lead to a greater collapse of the basic support range between $ 0.38 and $ 0.4.$XRP #Followforemore

.Trading volumes of the experimental hybrid currency Pandora (Pandora) operating according to the ERC404 standard have continued to rise since its launch on February 2, and its market value (calculating its maximum supply) has increased to more than $320 million in just one week, making its project one of the most exciting projects. Up for discussion in crypto circles. Data recorded as of February 13 indicates that the total trading volume of PANDORA has increased remarkably as it reached about 73,024 Ethereum (Ethereum-ETH) coins - equivalent to approximately $190 million - according to an analysis that Nansen shared with Cryptonews.com. . This number includes all transactions via decentralized exchanges (DEXs) for ERC20 tokens and non-fungible token (NFTs) stores for ERC721 items. . Pandora's current price is 32% below all-time highs. . The price of the PANDORA coin - according to its latest reading - settled near $21,900, representing a decline of 32% compared to its highest levels recorded ever; To succeed in attracting 1,420 unique wallet addresses belonging to holders whose wallets contain at least one full currency. It is worth noting that 50% of the circulating supply of full currencies or NFTs, amounting to 5,681 items, are kept in the portfolios of investors who are careful not to waste them, which reflects investors’ strong confidence in the project’s capabilities and future prospects. . This retention rate is higher than the corresponding rates for unique, prestigious NFTs such as Pudgy Penguins and Bored Ape Yacht Club, according to the Nansen report. Nansen's Director of Product Marketing, Journey Li, recently reported in a post on the X platform that a wallet funded by Yesterday, Amber Group purchased 109 full Pandora coins for a total value equivalent to approximately $1.96 million. . The same report also pointed out the difficulty of analyzing the trading volumes and transactions of currencies designed according to the hybrid ERC404 standard. Focusing on NFT transactions only during the past 30 days, it is clear that the major NFT stores - such as OpenSea and Blur - did not face any challenges after the launch of the new ERC404 standard, which indicates that most transactions according to it were done through decentralized trading platforms. . Increased rate of issuance of currencies according to the ERC404 standard. . The rate of issuance of new currencies according to the ERC404 standard has increased significantly, and issuances take place when purchasing an entire currency or several currencies together through a decentralized trading platform, with currencies worth more than $344 million being issued during the past week alone. . It is worth noting that full coins are not burned or reissued if they are later sold as an NFT item via NFTs trading stores rather than decentralized trading platforms. The successful launch of the Pandora project will pave the way for other projects designed to work on the ERC-404 standard, including advanced versions of it such as ERC404+ and DN404. This new trend reflects the popularity of new standards in the sector, as the concept of hybrid standard currencies having internal liquidity has been welcomed in the industry. sector circles. . After the launch of the Pandora project on February 2, several projects were launched that enjoyed promising trading activities, as the trading volumes of three projects exceeded 10,000 ETH coins, and the trading volumes of 12 other projects reached more than 1,000 ETH coins since their launch. . Finally, the aforementioned report stated that transaction fees via the Ethereum blockchain had reached their highest levels since March of 2023 thanks to the growing interest in the new ERC-404 standard, as Ethereum transaction fees on February 9 recorded new record levels of 70 gewi (unit of measurement). Gas/transaction fees), which is equivalent to $60 to complete a standard transaction. $PANDORA#Followforemore

•Ethereum price is pushing towards the $3,000 area / Source: Adobe The Ethereum (Ethereum-ETH) price forecast is increasingly optimistic as it looks to retest the important psychological level of $3,000 for the first time since April 2022. The price has also continued to gain momentum recently despite The bullish trajectory of the price of Bitcoin (Bitcoin-BTC) stagnates near $52,000; The price of ETH rose by approximately 13% over the past seven days - according to the CoinMarketCap website - while the price of Bitcoin rose by 4.4% during the same period. •Positive expectations for the price of the ETH currency have increased recently, as a growing number of analysts express their optimism, and asset management company Bernstein suggested yesterday, Monday, that several exchange-traded funds for spot Ethereum trading (ETH spot ETFs) will be approved this year. •Given these optimistic forecasts, Ethereum's deflationary financials, its flexible staking mechanisms, and the green design of the Ethereum blockchain, ETH is likely to become the “coin of choice for institutional investment.” •On the other hand, Keyrock CEO Kevin de Patoul indicated - in a statement to Cryptonews - that the probability of approval to establish spot ETFs this year is very weak, and added: “The SEC has not yet provided explicit guidance on whether ETH tokens are considered securities, which could complicate the approval process.” •However, Patole confirmed that the SEC would eventually approve the establishment of these funds, adding: “The uses and significant growth potential of the Ethereum blockchain are a major driver for institutional adoption as a regulatory-licensed investment vehicle... Institutions and investors alike should have an easy way to trade ETH instantly in the form of ETFs.” •Ethereum Price Forecast: How High Could It Be? •Investors certainly do not care much about the possibility of not approving the establishment of ETH ETFs in the near future, as optimistic expectations combine with positive technical indicators for the ETH price, especially after the strong upward rebound of the price from the support level at $2,700. •Looking at the long-term ETH price chart, it is clear that it has taken an upward path since last December, when the long-term resistance level at $2,150 was breached, exiting the ascending triangle pattern that it had remained within for a long time. •The price then succeeded in testing the support level at $2,150 repeatedly in late December and early January, which strengthened the possibility of it soon rising towards the next major resistance level at $3,600. •Ethereum price is rushing towards the $3,000 area. If ETH price succeeds in stabilizing above the $3,000 level, it is likely to retest the $3,600 level. $ETH #Followforemore