Banana Milk
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Bitcoin price predicted to reach IDR 775.98 million in January 2024
Market players, especially option traders, are preparing to bet that Bitcoin will jump to USD 50,000 or around IDR 775.98 million (assuming the United States dollar against the Rupiah is around 15,519) in 2024.
Quoted from Yahoo Finance, Thursday (7/12/2023), this prediction occurs when many market observers hope that the SEC will eventually allow exchange-traded funds to be directly stored in crypto.
That's the price level given the total number of contracts in circulation, to buy bitcoin with call options expiring on January 26, 2023, according to data compiled by Deribit, the largest crypto options exchange. Call options give the buyer the contractual right to purchase an underlying asset at a specified price within a specified time period.
Bitcoin last reached USD 50,000 in December 2021. Bitcoin was then in the midst of a decline from its all-time high with the sentiment of the United States (US) central bank or the Federal Reserve (the Fed) starting to remove the stimulus added during the COVID-19 pandemic.
There are currently expectations that the Fed will change its monetary policy in 2024 and a bitcoin ETF is seen as a near certainty. This has brought the crypto sector to significant strength.
"Bullish sentiment is growing," said Deribit Chief Commercial Officer, Luuk Strijers.
Bitcoin has surged more than 60 percent since mid-October, when speculation surged that the Securities and Exchange Commission (SEC) was close to signing off on ETF applications from asset management firms such as BlackRock. In trading Wednesday, December 6 2023, the price of bitcoin was around USD 44,000.
The combined trading volume of spot and derivatives on centralized exchanges rose 40.7 percent in November to USD 3.61 trillion, the highest combined total since March, according to researcher CCData.
#MyFirstFeedPost
Market players, especially option traders, are preparing to bet that Bitcoin will jump to USD 50,000 or around IDR 775.98 million (assuming the United States dollar against the Rupiah is around 15,519) in 2024.
Quoted from Yahoo Finance, Thursday (7/12/2023), this prediction occurs when many market observers hope that the SEC will eventually allow exchange-traded funds to be directly stored in crypto.
That's the price level given the total number of contracts in circulation, to buy bitcoin with call options expiring on January 26, 2023, according to data compiled by Deribit, the largest crypto options exchange. Call options give the buyer the contractual right to purchase an underlying asset at a specified price within a specified time period.
Bitcoin last reached USD 50,000 in December 2021. Bitcoin was then in the midst of a decline from its all-time high with the sentiment of the United States (US) central bank or the Federal Reserve (the Fed) starting to remove the stimulus added during the COVID-19 pandemic.
There are currently expectations that the Fed will change its monetary policy in 2024 and a bitcoin ETF is seen as a near certainty. This has brought the crypto sector to significant strength.
"Bullish sentiment is growing," said Deribit Chief Commercial Officer, Luuk Strijers.
Bitcoin has surged more than 60 percent since mid-October, when speculation surged that the Securities and Exchange Commission (SEC) was close to signing off on ETF applications from asset management firms such as BlackRock. In trading Wednesday, December 6 2023, the price of bitcoin was around USD 44,000.
The combined trading volume of spot and derivatives on centralized exchanges rose 40.7 percent in November to USD 3.61 trillion, the highest combined total since March, according to researcher CCData.
#MyFirstFeedPost
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The Latest Fate of XRP and the Ripple Labs Case
Several weeks ago the US Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple Labs executives, CEO Brad Garlinghouse and Chris Larsen, regarding violations of securities regulations. The SEC's step back was after the issuance of a decision by US District Judge Analisa Torres, which determined that the sale of XRP on crypto exchanges did not constitute an unregistered securities offering. However, the SEC also caught wind, as the judge found that offering XRP to institutions was unlawful. Thus, the Ripple Labs company will continue to face the SEC in the next several hearings, scheduled for April 23, 2024.
Reporting from a number of sources, the market is still projecting a positive attitude towards the price of XRP. XRP price predictions for 2023 show a wide spectrum of estimates, reflecting the inherent volatility of the cryptocurrency market.
Predicted prices for XRP in 2023 vary significantly, with some sources predicting a high of up to US$4.16, while others anticipate a lower figure of around US$0.5. On average, predictions range from US$0.579942 to US$1.47, with expected fluctuations throughout the year.
There was a mix of conservative and optimistic predictions from analysts. While general forecasts suggest a price range of US$1 to US$10, some analysts, including Wells Fargo's Shannon Thorpe, are proposing a more ambitious range of US$100 to US$500. This higher estimate is based on XRP's potential to compete and capture a portion of the market currently served by systems like SWIFT.
According to BitScreener, XRP could peak at US$0.9195 in 2023, with a potential bottom of around US$0.2763. Their long-term predictions for 2030 and 2040 show possible highs of US$1.90 and US$3.01, respectively, indicating a bullish outlook over the long period.
Several weeks ago the US Securities and Exchange Commission (SEC) withdrew its lawsuit against Ripple Labs executives, CEO Brad Garlinghouse and Chris Larsen, regarding violations of securities regulations. The SEC's step back was after the issuance of a decision by US District Judge Analisa Torres, which determined that the sale of XRP on crypto exchanges did not constitute an unregistered securities offering. However, the SEC also caught wind, as the judge found that offering XRP to institutions was unlawful. Thus, the Ripple Labs company will continue to face the SEC in the next several hearings, scheduled for April 23, 2024.
Reporting from a number of sources, the market is still projecting a positive attitude towards the price of XRP. XRP price predictions for 2023 show a wide spectrum of estimates, reflecting the inherent volatility of the cryptocurrency market.
Predicted prices for XRP in 2023 vary significantly, with some sources predicting a high of up to US$4.16, while others anticipate a lower figure of around US$0.5. On average, predictions range from US$0.579942 to US$1.47, with expected fluctuations throughout the year.
There was a mix of conservative and optimistic predictions from analysts. While general forecasts suggest a price range of US$1 to US$10, some analysts, including Wells Fargo's Shannon Thorpe, are proposing a more ambitious range of US$100 to US$500. This higher estimate is based on XRP's potential to compete and capture a portion of the market currently served by systems like SWIFT.
According to BitScreener, XRP could peak at US$0.9195 in 2023, with a potential bottom of around US$0.2763. Their long-term predictions for 2030 and 2040 show possible highs of US$1.90 and US$3.01, respectively, indicating a bullish outlook over the long period.
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SOL Price Predicted to Reach IDR 1.3 Million
The price of SOL, Solana's native crypto blockchain is predicted to reach US$90 or the equivalent of IDR 1.3 million. However, there are a number of conditions so that this scenario can be achieved.
The crypto market has been on an upward trend lately, and Solana (SOL) is no exception, with growth of over 60 percent in the past month. This rapid growth makes investors question the future price targets for this digital asset.
The latest analysis by popular crypto expert Ali Martinez, posted on December 7, 2023 on It is worth noting that SOL has exceeded this threshold, signaling continued bullish momentum.
"SOL price is nearing the top of an ascending triangle developing on the 12-hour chart. Although this continuation pattern anticipates further upside, caution is advised. A sustained close above US$68.2 would trigger a bullish breakout towards US$90. But be careful with "US$60 support! Any sign of weakness around this level could trigger a spike in SOL profit-taking to US$47," wrote Ali.
https://twitter.com/ali_charts/status/1732750392050500060
Bullish Signs of SOL Price
Solana has shown several bullish indicators in the last 24 hours. One factor that is worth noting is the significant increase in TVL, which jumped from US$600 million to US$833 million, based on data from Step Data Insights on December 8, reported by Finbold.
Additionally, SOL is also the second most traded cryptocurrency by volume on DEX, with weekly growth of 67.38 percent and trading volume exceeding US$3 billion, according to data from The DeFi Investor on December 8, 2023.
These performances, along with previous analysis indicating the potential for SOL price to reach the US$90 threshold, paint an optimistic picture for its future price trajectory.
$SOL
#solana #Solanaseason
The price of SOL, Solana's native crypto blockchain is predicted to reach US$90 or the equivalent of IDR 1.3 million. However, there are a number of conditions so that this scenario can be achieved.
The crypto market has been on an upward trend lately, and Solana (SOL) is no exception, with growth of over 60 percent in the past month. This rapid growth makes investors question the future price targets for this digital asset.
The latest analysis by popular crypto expert Ali Martinez, posted on December 7, 2023 on It is worth noting that SOL has exceeded this threshold, signaling continued bullish momentum.
"SOL price is nearing the top of an ascending triangle developing on the 12-hour chart. Although this continuation pattern anticipates further upside, caution is advised. A sustained close above US$68.2 would trigger a bullish breakout towards US$90. But be careful with "US$60 support! Any sign of weakness around this level could trigger a spike in SOL profit-taking to US$47," wrote Ali.
https://twitter.com/ali_charts/status/1732750392050500060
Bullish Signs of SOL Price
Solana has shown several bullish indicators in the last 24 hours. One factor that is worth noting is the significant increase in TVL, which jumped from US$600 million to US$833 million, based on data from Step Data Insights on December 8, reported by Finbold.
Additionally, SOL is also the second most traded cryptocurrency by volume on DEX, with weekly growth of 67.38 percent and trading volume exceeding US$3 billion, according to data from The DeFi Investor on December 8, 2023.
These performances, along with previous analysis indicating the potential for SOL price to reach the US$90 threshold, paint an optimistic picture for its future price trajectory.
$SOL
#solana #Solanaseason
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GameStop Memes (GSM)
Today's other crypto news is about a new crypto project, namely GameStop Memes (GSM), which was inspired by the GameStop share price phenomenon in the US in 2021. As a crypto meme, GSM brings the power of the community as in Dogecoin to increase the popularity of this crypto.
Not long ago, the team behind GSM claimed that in their token presale, they were successful in pocketing US$ 2 million in funds. For them, this shows initial support from the public for the goals and mission of GSM.
"The events surrounding GameStop in 2021 had a domino effect across various financial sectors, including the cryptocurrency space. Inspired by this financial revolution, a token emerged called Wall Street Memes. This token represents the aftereffects of GameStop, representing a fusion of financial trading and the powerful influence of meme culture in driving market trends. Following the creation of Wall Street Memes, another entity known as GameStop Memes (GSM) was born. This new token was directly inspired by the 'epic battle' started by Wall Street Memes. This new token aims to continue and strengthen Wall's legacy Street Memes, symbolizes a commitment to continuing the mission of challenging traditional financial norms and embracing the power of collective action in financial markets," said the GSM Team in its whitepaper.
#memecoins
Today's other crypto news is about a new crypto project, namely GameStop Memes (GSM), which was inspired by the GameStop share price phenomenon in the US in 2021. As a crypto meme, GSM brings the power of the community as in Dogecoin to increase the popularity of this crypto.
Not long ago, the team behind GSM claimed that in their token presale, they were successful in pocketing US$ 2 million in funds. For them, this shows initial support from the public for the goals and mission of GSM.
"The events surrounding GameStop in 2021 had a domino effect across various financial sectors, including the cryptocurrency space. Inspired by this financial revolution, a token emerged called Wall Street Memes. This token represents the aftereffects of GameStop, representing a fusion of financial trading and the powerful influence of meme culture in driving market trends. Following the creation of Wall Street Memes, another entity known as GameStop Memes (GSM) was born. This new token was directly inspired by the 'epic battle' started by Wall Street Memes. This new token aims to continue and strengthen Wall's legacy Street Memes, symbolizes a commitment to continuing the mission of challenging traditional financial norms and embracing the power of collective action in financial markets," said the GSM Team in its whitepaper.
#memecoins
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#memecoins #doge #dogearmy
DOGE-1 Satellite Will Orbit the Moon Next Year
The DOGE-1 mini telecommunications satellite is scheduled to orbit the moon on January 12 2024 after several days ago receiving permission from the National Telecommunications and Information Administration (NTIA) in the US. However, it is still waiting for a license from the FCC to permit X-Band and S-Band radio bands, according to Samuel Reid of Geometric Energy Corporation in X.
https://twitter.com/SamuelReidGEC/status/1729650317191422051
This satellite is an initiative of the Dogecoin community itself which started in 2021 and was announced by Elon Musk himself. The satellite was made by the Geometric Energy Corporation and will be launched using SpaceX's Falcon 9 rocket. Based on the original plan, the satellite would transmit video data of the lunar surface from space and could be captured by satellites on Earth.
This method is unique for a crypto project like Dogecoin which was launched in 2013. Even though it was initially published as a parody, thanks to extensive community support, including Elon Musk, Dogecoin today looks different.
Earlier this month, Dogecoin developers said that physical Dogecoin coins could reach Earth's moon in a space transport mission planned by Pittsburgh-based company Astrobotic. This mission is currently planned to launch on December 23, 2023 and carry 21 payloads (cargo) from governments, companies, universities, and NASA's Commercial Lunar Freight Services (CLPS) initiative.
DOGE-1 Satellite Will Orbit the Moon Next Year
The DOGE-1 mini telecommunications satellite is scheduled to orbit the moon on January 12 2024 after several days ago receiving permission from the National Telecommunications and Information Administration (NTIA) in the US. However, it is still waiting for a license from the FCC to permit X-Band and S-Band radio bands, according to Samuel Reid of Geometric Energy Corporation in X.
https://twitter.com/SamuelReidGEC/status/1729650317191422051
This satellite is an initiative of the Dogecoin community itself which started in 2021 and was announced by Elon Musk himself. The satellite was made by the Geometric Energy Corporation and will be launched using SpaceX's Falcon 9 rocket. Based on the original plan, the satellite would transmit video data of the lunar surface from space and could be captured by satellites on Earth.
This method is unique for a crypto project like Dogecoin which was launched in 2013. Even though it was initially published as a parody, thanks to extensive community support, including Elon Musk, Dogecoin today looks different.
Earlier this month, Dogecoin developers said that physical Dogecoin coins could reach Earth's moon in a space transport mission planned by Pittsburgh-based company Astrobotic. This mission is currently planned to launch on December 23, 2023 and carry 21 payloads (cargo) from governments, companies, universities, and NASA's Commercial Lunar Freight Services (CLPS) initiative.
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Bullish Rally Trading, Cardano Crypto Money Price Jumps 10%
__________
Investing.com - Cardano cryptocurrency was trading at $0.4405 at 20:03 (13:03 GMT) on the Investing.com Index on Wednesday, and the price was up 10.05% for the day. It was the biggest single-day gain since July 13.
The surge has pushed Cardano's market capitalization to $15.5204B, or 0.97% of the total cryptocurrency market capitalization. At its highest level, Cardano's market cap was $94.8001B.
Cardano had been trading in a price range of $0.4168 to $0.4405 in the previous 24 hours.
Over the past seven days, Cardano has risen, gaining 13.93%. Cardano's volume traded over the last 24 hours as of press time was $766.1761M or 0.81% of
total volume of all cryptocurrencies. The price has been trading in the range of $0.3718 to $0.4405 in the last 7 days.
At the current price, Cardano is still down 85.79% from its all-time high of $3.10 on September 2, 2021.
Elsewhere in cryptocurrency trading
The cryptocurrency Bitcoin was last at $44,113.2 on the Investing.com Index, up 5.32% for the day.
Ethereum was trading at $2,265.56 on the Investing.com Index, and was up 2.38%.
Bitcoin's market cap was last valued at $862.0238B or 53.85% of the total cryptocurrency market share, while Ethereum's market cap reached $272.2323B or 17.01% of the total cryptocurrency market value.
$ADA
#BTC/USDT #cardano #solana #eth2.0
__________
Investing.com - Cardano cryptocurrency was trading at $0.4405 at 20:03 (13:03 GMT) on the Investing.com Index on Wednesday, and the price was up 10.05% for the day. It was the biggest single-day gain since July 13.
The surge has pushed Cardano's market capitalization to $15.5204B, or 0.97% of the total cryptocurrency market capitalization. At its highest level, Cardano's market cap was $94.8001B.
Cardano had been trading in a price range of $0.4168 to $0.4405 in the previous 24 hours.
Over the past seven days, Cardano has risen, gaining 13.93%. Cardano's volume traded over the last 24 hours as of press time was $766.1761M or 0.81% of
total volume of all cryptocurrencies. The price has been trading in the range of $0.3718 to $0.4405 in the last 7 days.
At the current price, Cardano is still down 85.79% from its all-time high of $3.10 on September 2, 2021.
Elsewhere in cryptocurrency trading
The cryptocurrency Bitcoin was last at $44,113.2 on the Investing.com Index, up 5.32% for the day.
Ethereum was trading at $2,265.56 on the Investing.com Index, and was up 2.38%.
Bitcoin's market cap was last valued at $862.0238B or 53.85% of the total cryptocurrency market share, while Ethereum's market cap reached $272.2323B or 17.01% of the total cryptocurrency market value.
$ADA
#BTC/USDT #cardano #solana #eth2.0
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BONK Price Soars Sharply, Who is the Next King of Meme Coin?
The latest testimony from the world of crypto has taken the markets by storm with the incredible rise of Bonk Coin. This dog-themed token managed to outperform Floki and occupy the third position in the list of cryptos with a similar theme. Are you ready to witness a new domination in the world of crypto? Check out the complete news below!
Bonk Coin, inspired by the Shiba Inu, has surged in value and is now in third place among dog-themed tokens. With a market cap reaching $440 million on December 6, 2023, Bonk surpassed Floki with $400 million and BabyDogeCoin with $350 million.
Bonk's price increase is inseparable from the growth of the Solana blockchain, Trading volume on this blockchain has skyrocketed, from an average of $8 million per day in early November to more than $80 million on December 6. This indicates that Bonk is on the rise and will probably continue to grow.
Increased investor interest in high-risk assets is one of the factors driving Bonk's rise. Open interest for Bonk futures jumped to $100 million on Dec. 6, up sharply from just $10 million in early November. This shows that investors are increasingly interested in tokens based on the Solana network.
Bonk's development team, consisting of 22 individuals with diverse expertise in the areas of decentralized applications (dApps), NFTs, and product development on the Solana blockchain, is an important factor behind Bonk's success. Their dedication to leveraging Solana technology has brought Bonk to the peak of popularity.
although Bonk is shining, other dog-themed tokens are also enjoying a rise. Dogecoin (DOGE) and Shiba Inu (SHIB) saw spikes of 16% and 10% respectively. Meanwhile, Floki experienced a decline after a strong 25% rise on December 6, as traders took advantage of the momentum to take profits. The question that arises now is whether Bonk can maintain his position at the top?
The latest testimony from the world of crypto has taken the markets by storm with the incredible rise of Bonk Coin. This dog-themed token managed to outperform Floki and occupy the third position in the list of cryptos with a similar theme. Are you ready to witness a new domination in the world of crypto? Check out the complete news below!
Bonk Coin, inspired by the Shiba Inu, has surged in value and is now in third place among dog-themed tokens. With a market cap reaching $440 million on December 6, 2023, Bonk surpassed Floki with $400 million and BabyDogeCoin with $350 million.
Bonk's price increase is inseparable from the growth of the Solana blockchain, Trading volume on this blockchain has skyrocketed, from an average of $8 million per day in early November to more than $80 million on December 6. This indicates that Bonk is on the rise and will probably continue to grow.
Increased investor interest in high-risk assets is one of the factors driving Bonk's rise. Open interest for Bonk futures jumped to $100 million on Dec. 6, up sharply from just $10 million in early November. This shows that investors are increasingly interested in tokens based on the Solana network.
Bonk's development team, consisting of 22 individuals with diverse expertise in the areas of decentralized applications (dApps), NFTs, and product development on the Solana blockchain, is an important factor behind Bonk's success. Their dedication to leveraging Solana technology has brought Bonk to the peak of popularity.
although Bonk is shining, other dog-themed tokens are also enjoying a rise. Dogecoin (DOGE) and Shiba Inu (SHIB) saw spikes of 16% and 10% respectively. Meanwhile, Floki experienced a decline after a strong 25% rise on December 6, as traders took advantage of the momentum to take profits. The question that arises now is whether Bonk can maintain his position at the top?
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Coinstore Exposes New Challenges and Opportunities in the Crypto World
Blockchainmedia - Coinstore's Head of Global Business Development, James Toh, explained a number of new challenges and opportunities in the crypto world and how to exploit them for positive things in the future. The crypto world has recently been shaken by a number of cases, problems and challenges, especially those experienced by centralized crypto exchange (CEX). In this case, security issues also become a separate topic of discussion, especially those related to the dynamics of decentralized crypto exchanges (DEX). This was conveyed by Coinstore's Head of Global Business Development, James Toh, as well as his thoughts about the challenges and opportunities that lie ahead in the crypto world. At the beginning, James emphasized the importance of the role of CEX in the crypto world despite its vulnerabilities and that CEX can continue to survive hand in hand with DEX, because each has its own advantages and disadvantages."We still cannot be separated from CEX, and it will continue to coexist with decentralized exchanges (DEX) in the future. After all, storing and transacting crypto assets via CEX, for example at Coinstore so far "This is very safe, easy and comfortable. On the other hand, storing crypto using cold storage is a recommended alternative, especially for the long term," said James in his official statement, Thursday (7/12/2023). James also referred to the concept of Proof- of-Reserves which was implemented by a number of well-known CEXs some time ago. According to James, this does not guarantee any security. "In fact, by disclosing crypto addresses and balances openly through Proof-of-Reserves there are risks involved, even though the intention is positive for the transparency we want to achieve in the crypto world," he said. Wallets on DEX are not always safe. In contrast to the general belief in the crypto world that wallets on DEX are the safest for storing crypto, James actually thinks otherwise. "Crypto wallets on DEX do allow users to have full control over their crypto, because the private key is on the user's side itself. But that doesn't guarantee safety. "Remember, that even though the wallet on DEX is open source, it was developed by a number of developer teams centrally, so there is the potential for there to be a back door in the system that could make crypto unsafe," added James. Still regarding security in the crypto world, James highlighted the vulnerability aspect of using smart contracts. in decentralized finance (DeFi). In this regard, James urges crypto project owners and managers to ensure security and clear audits on the smart contracts they use, so that users feel safer. New Opportunities for the Crypto World in the Future Regarding what new opportunities in the world crypto for the future, James revealed, many things, including Ordinals Inscription, Spot Bitcoin ETF and the role of bridge protocols between blockchains. "For me Ordinals Inscription is an interesting thing, because it increases the Bitcoin blockchain use case for issuing fungible and non-fungible tokens token. This ultimately increases demand for BTC itself. Although commercially it is still questionable. And that is in line with the potential for the birth of the first Bitcoin Spot ETF in the United States next year. "An ETF like that is able to increase market liquidity, reduce volatility and attract institutional investors," he explained while emphasizing the increasingly mature regulations. Security is Coinstore's Main Focus. Above all, James ensures that the security aspect is always Coinstore's main focus so that users always feel comfortable and safe." Asset security is our top priority. We have invested heavily in security infrastructure and undergo regular audits. We must always do this, especially when we have entered our third year in this dynamic crypto world. Just look at our Launchpad program, the average oversubscription rate has reached 357.57 percent. Lastly, James advised the public to use a crypto exchange that is clearly safe and proven to be far from being disturbed by hackers like Coinstore.$BTC $ETH $SOL #btc #eth #newscrypto