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Shiba Inu Prices Briefly Dropped 50%
The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.
Shiba Inu fell amid a volatile crypto trading session.
Such a drop usually occurs when a sell order exceeds the available market depth.
Shiba Inu (SHIB) prices briefly fell 50% on U.S. exchange in early Asia morning hours on Tuesday before returning to normal in an unusual move.
SHIB slipped from $0.000044 to $0.000022 on Coinbase amid a bitcoin (BTC)-led sell-off among major tokens. Prices fell to an average of $0.000036 on other exchanges.
Such drops usually occur when a sell order exceeds the available market depth – or liquidity at any given point on a certain exchange. As of European morning hours, SHIB has a market depth of $1.2 million.
As such, spot SHIB volumes crossed $1.7 billion in the past 24 hours, the most among counterparts. The regulated exchange is one of the only avenues through which U.S.-based retail investors can participate in the crypto markets.
Despite the morning sell-off, SHIB prices are up 45% in the past 24 hours.
$BTC $BNB
The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.
Shiba Inu fell amid a volatile crypto trading session.
Such a drop usually occurs when a sell order exceeds the available market depth.
Shiba Inu (SHIB) prices briefly fell 50% on U.S. exchange in early Asia morning hours on Tuesday before returning to normal in an unusual move.
SHIB slipped from $0.000044 to $0.000022 on Coinbase amid a bitcoin (BTC)-led sell-off among major tokens. Prices fell to an average of $0.000036 on other exchanges.
Such drops usually occur when a sell order exceeds the available market depth – or liquidity at any given point on a certain exchange. As of European morning hours, SHIB has a market depth of $1.2 million.
As such, spot SHIB volumes crossed $1.7 billion in the past 24 hours, the most among counterparts. The regulated exchange is one of the only avenues through which U.S.-based retail investors can participate in the crypto markets.
Despite the morning sell-off, SHIB prices are up 45% in the past 24 hours.
$BTC $BNB
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Disclaimer: Investing in crypto currencies involves inherent risks, including but not limited to market volatility, regulatory changes, technological failures, and cybersecurity threats. Prices of cryptocurrencies can fluctuate widely and may result in significant financial losses. Past performance is not indicative of future results. It is crucial to conduct thorough research and seek advice from qualified financial professionals before making any investment decisions in the cryptocurrency market. Additionally, users should be aware of potential scams, phishing attempts, and fraudulent activities prevalent in the crypto space. The information provided herein is for educational and informational purposes only and should not be construed as financial advice. Users are solely responsible for their investment decisions and should exercise caution and diligence at all times.
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Next, connect your wallet to the platform. Once connected, you can start earning immediately. Remember to click "harvest" every 5 minutes to maximize your rewards. Don't miss out on this limited offer! Join the #HotTrends community on BNB Chain and explore the potential of #BOME , #ID , and #POLYX. . Start mining and earning today!
Disclaimer: Investing in crypto currencies involves inherent risks, including but not limited to market volatility, regulatory changes, technological failures, and cybersecurity threats. Prices of cryptocurrencies can fluctuate widely and may result in significant financial losses. Past performance is not indicative of future results. It is crucial to conduct thorough research and seek advice from qualified financial professionals before making any investment decisions in the cryptocurrency market. Additionally, users should be aware of potential scams, phishing attempts, and fraudulent activities prevalent in the crypto space. The information provided herein is for educational and informational purposes only and should not be construed as financial advice. Users are solely responsible for their investment decisions and should exercise caution and diligence at all times.
$BTC $ETH $BNB
Future price of Bitcoin (BTC)
Claim Free rewards upto 3 Fdusd
Standard Chartered Bank is significantly bullish, raising their year-end 2024 prediction to $150,000 and expecting a 2025 high of $250,000. Their reasoning is linked to the recent launch of spot Bitcoin ETFs in the US and their comparison to the historical impact of gold ETFs.
Binance shares some optimism, offering a long-term prediction of $85,528.60 for Bitcoin by 2030
Disclaimer: It's important to consider that these are just predictions, and the cryptocurrency market is inherently volatile. There are also opposing viewpoints, with some analysts predicting a pullback in the short-term.
$BTC $ETH $BNB
#HotTrends #BTC #BOME
Claim Free rewards upto 3 Fdusd
Standard Chartered Bank is significantly bullish, raising their year-end 2024 prediction to $150,000 and expecting a 2025 high of $250,000. Their reasoning is linked to the recent launch of spot Bitcoin ETFs in the US and their comparison to the historical impact of gold ETFs.
Binance shares some optimism, offering a long-term prediction of $85,528.60 for Bitcoin by 2030
Disclaimer: It's important to consider that these are just predictions, and the cryptocurrency market is inherently volatile. There are also opposing viewpoints, with some analysts predicting a pullback in the short-term.
$BTC $ETH $BNB
#HotTrends #BTC #BOME
Whale Watch: Are Big Investors Behind Bitcoin's Plunge?
Bitcoin’s price fluctuates due to a variety of factors. Here are some possible reasons for the recent drop:
1. Market Sentiment:
Fear, Uncertainty, and Doubt (FUD): Negative news or events surrounding cryptocurrencies can trigger panic selling, driving prices down.Regulation: Potential government regulations on crypto can create uncertainty, leading investors to hold off or sell.
2. Macroeconomic Factors:
Rising Interest Rates: When interest rates go up, traditional investments become more attractive, pulling money away from crypto.Stock Market Performance: A downturn in the stock market can cause a domino effect, leading investors to sell riskier assets like Bitcoin.
3. Supply and Demand:
Limited Supply: Bitcoin has a capped supply of 21 million coins. If demand stagnates or falls, the price can drop.Whale Movements: Large investors (whales) can significantly impact price by buying or selling large amounts of Bitcoin.
4. Technical Analysis:
Chart Patterns: Technical analysts study historical price charts to identify patterns that might predict future price movements. A bearish chart pattern could trigger selling.
$BTC $BNB $ETH
Disclaimer:
The information provided in this crypto update is for informational purposes only and should not be construed as financial advice. Cryptocurrency markets are volatile and subject to various influences. You should always conduct your own research and due diligence before making any investment decisions.
Investments in cryptocurrency involve significant risk, including the potential for loss of principal.
Follow me for more updates in future.
@HamUsh
Bitcoin’s price fluctuates due to a variety of factors. Here are some possible reasons for the recent drop:
1. Market Sentiment:
Fear, Uncertainty, and Doubt (FUD): Negative news or events surrounding cryptocurrencies can trigger panic selling, driving prices down.Regulation: Potential government regulations on crypto can create uncertainty, leading investors to hold off or sell.
2. Macroeconomic Factors:
Rising Interest Rates: When interest rates go up, traditional investments become more attractive, pulling money away from crypto.Stock Market Performance: A downturn in the stock market can cause a domino effect, leading investors to sell riskier assets like Bitcoin.
3. Supply and Demand:
Limited Supply: Bitcoin has a capped supply of 21 million coins. If demand stagnates or falls, the price can drop.Whale Movements: Large investors (whales) can significantly impact price by buying or selling large amounts of Bitcoin.
4. Technical Analysis:
Chart Patterns: Technical analysts study historical price charts to identify patterns that might predict future price movements. A bearish chart pattern could trigger selling.
$BTC $BNB $ETH
Disclaimer:
The information provided in this crypto update is for informational purposes only and should not be construed as financial advice. Cryptocurrency markets are volatile and subject to various influences. You should always conduct your own research and due diligence before making any investment decisions.
Investments in cryptocurrency involve significant risk, including the potential for loss of principal.
Follow me for more updates in future.
@HamUsh
Bitcoin (BTC) update as of Thursday, March 14, 2024
Price: $73,012.99 (up 2.91% in the last 24 hours)
Market Cap: $1,431.63 Billion
USD Trading Volume: $44.67 Billion USD (last 24 hours)
There's been a positive surge in Bitcoin's price over the past day. Some analysts believe this rally could be short-lived, while others like Bernstein are more bullish, expecting the price to hit $150,000
Here's some additional information you might find helpful:
Next Bitcoin Halving: Expected in April 2024. This event will cut the block rewards for miners in half, potentially impacting the price in the long run.
$BTC $ETH $BNB
Price: $73,012.99 (up 2.91% in the last 24 hours)
Market Cap: $1,431.63 Billion
USD Trading Volume: $44.67 Billion USD (last 24 hours)
There's been a positive surge in Bitcoin's price over the past day. Some analysts believe this rally could be short-lived, while others like Bernstein are more bullish, expecting the price to hit $150,000
Here's some additional information you might find helpful:
Next Bitcoin Halving: Expected in April 2024. This event will cut the block rewards for miners in half, potentially impacting the price in the long run.
$BTC $ETH $BNB
What is the reward of Bitcoin block halving?
After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). As of now, the block reward is 6.25 coins per block and will decrease to 3.125 coins per block post halving.
Bitcoin price prediction (2)
According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 2.25% and reach $ 67,569 by March 12, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 82 (Extreme Greed). Bitcoin recorded 21/30 (70%) green days with 12.18% price volatility over the last 30 days. Based on our Bitcoin forecast, it's now a good time to buy Bitcoin.
The Bitcoin price prediction for 2025 is currently between $ 66,742 on the lower end and $ 156,548 on the high end. Compared to today’s price, Bitcoin could gain 134.23% by 2025 if BTC reaches the upper price target.
Bitcoin price prediction 2030
The Bitcoin price prediction for 2030 is currently between $ 228,047 on the lower end and $ 308,078 on the high end. Compared to today’s price, Bitcoin could gain 360.97% by 2030 if it reaches the upper price target.
#BTC
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 2.25% and reach $ 67,569 by March 12, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 82 (Extreme Greed). Bitcoin recorded 21/30 (70%) green days with 12.18% price volatility over the last 30 days. Based on our Bitcoin forecast, it's now a good time to buy Bitcoin.
The Bitcoin price prediction for 2025 is currently between $ 66,742 on the lower end and $ 156,548 on the high end. Compared to today’s price, Bitcoin could gain 134.23% by 2025 if BTC reaches the upper price target.
Bitcoin price prediction 2030
The Bitcoin price prediction for 2030 is currently between $ 228,047 on the lower end and $ 308,078 on the high end. Compared to today’s price, Bitcoin could gain 360.97% by 2030 if it reaches the upper price target.
#BTC
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Bitcoin price surges past $67,000, driven by retail buying.
The price of Bitcoin has surged past $67,000, its highest level since November 2021, fueled by a surge in retail buying. The rally comes after a strong weekend for Bitcoin, which saw the price rise by over 10%.
Analysts believe that the recent surge is due to a number of factors, including increased institutional adoption, growing demand from retail investors, and the perception of Bitcoin as a hedge against inflation.
The outlook for Bitcoin remains uncertain. However, the recent rally suggests that there is still a lot of life left in the world's first and largest cryptocurrency.
The chart you sent shows the price of Bitcoin over the past four months. As you can see, the price has been on a tear recently, rising by over 50% in the past month.
It is important to note that past performance is not necessarily indicative of future results. The price of Bitcoin is highly volatile and could decline sharply in the future.
#BTC @Binance News @Binance Announcement @CZ
The price of Bitcoin has surged past $67,000, its highest level since November 2021, fueled by a surge in retail buying. The rally comes after a strong weekend for Bitcoin, which saw the price rise by over 10%.
Analysts believe that the recent surge is due to a number of factors, including increased institutional adoption, growing demand from retail investors, and the perception of Bitcoin as a hedge against inflation.
The outlook for Bitcoin remains uncertain. However, the recent rally suggests that there is still a lot of life left in the world's first and largest cryptocurrency.
The chart you sent shows the price of Bitcoin over the past four months. As you can see, the price has been on a tear recently, rising by over 50% in the past month.
It is important to note that past performance is not necessarily indicative of future results. The price of Bitcoin is highly volatile and could decline sharply in the future.
#BTC @Binance News @Binance Announcement @CZ
Bitcoin Price Prediction
The latest price for one Bitcoin/BTC coin is $62,116. It's down by -7% in the last 24 hours. 52.97% of days, the price of BTC closed above the opening. The maximum price ever recorded in our base for one BTC is $67,505, it was 2 Years and 3 Months ago, currently price is down by -7.98% from that high.
From a total of 17 technical indicators, 12 calls to buy, and 3 to sell, the prediction sentiment short-term is bullish based on technical price analysis.
The 14-day relative strength index (RSI) is currently at 71.85, indicating Overbought conditions, overbought signals that price can drop in the near term. On the weekly chart, the RSI is at 63.48, indicating an Natural condition.
On the daily chart, exponential moving averages show a bullish signal. Bitcoin price currently sits above all 10,20,50,100, and 200-day EMAs.
Historically the price of BTC last day of March was above the open price four times out of 11, and 7 out of 11 the price was lower than the price at the start of the month. The best month for Bitcoin has been February for the last twelve years, nine times the price of BTC at the end of February was higher than the price at the start of the month. The worst month is September, eight times out of 12, the price at the end of September was lower than starting price. Check monthly performance for more details.
There were three bull runs that Bitcoin had, first ATH was in November 2013, and Bitcoin reached $1,156 soon after 413 days later price dropped to its lowest point at $211.73 before the next bull run, since November 2013 approx 4 years were needed to reach a new all-time high. The last bull run was in November 2021 since then 847 days have passed. Last time BTC needed 1405 days to reach a new all time high.
According to our Bitcoin price prediction, the price of BTC can hit $74,307 in the next 10 days, what's about the long-term forecast price for 2025 will be $221,485, and the prediction for 2030 is $369,701.
The latest price for one Bitcoin/BTC coin is $62,116. It's down by -7% in the last 24 hours. 52.97% of days, the price of BTC closed above the opening. The maximum price ever recorded in our base for one BTC is $67,505, it was 2 Years and 3 Months ago, currently price is down by -7.98% from that high.
From a total of 17 technical indicators, 12 calls to buy, and 3 to sell, the prediction sentiment short-term is bullish based on technical price analysis.
The 14-day relative strength index (RSI) is currently at 71.85, indicating Overbought conditions, overbought signals that price can drop in the near term. On the weekly chart, the RSI is at 63.48, indicating an Natural condition.
On the daily chart, exponential moving averages show a bullish signal. Bitcoin price currently sits above all 10,20,50,100, and 200-day EMAs.
Historically the price of BTC last day of March was above the open price four times out of 11, and 7 out of 11 the price was lower than the price at the start of the month. The best month for Bitcoin has been February for the last twelve years, nine times the price of BTC at the end of February was higher than the price at the start of the month. The worst month is September, eight times out of 12, the price at the end of September was lower than starting price. Check monthly performance for more details.
There were three bull runs that Bitcoin had, first ATH was in November 2013, and Bitcoin reached $1,156 soon after 413 days later price dropped to its lowest point at $211.73 before the next bull run, since November 2013 approx 4 years were needed to reach a new all-time high. The last bull run was in November 2021 since then 847 days have passed. Last time BTC needed 1405 days to reach a new all time high.
According to our Bitcoin price prediction, the price of BTC can hit $74,307 in the next 10 days, what's about the long-term forecast price for 2025 will be $221,485, and the prediction for 2030 is $369,701.
Buckle Up for Bitcoin: 2024 and Beyond!
The Bitcoin train is chugging along, folks, and it's showing no signs of slowing down! We just witnessed BTC break the 64,000 USDT barrier – that's a 3.56% surge in 24 hours!
But where are we headed next? The future is always uncertain, but that's what makes crypto so exciting!
Here's what's piquing my interest:
The upcoming Bitcoin halving: Scheduled for April 24th, this event will cut the number of new BTCs generated in half, potentially impacting its price.
⏳Institutional adoption: More and more big players are entering the crypto space, potentially bringing fresh capital and stability.
Emerging regulations: Governments around the world are scrambling to regulate crypto, which could bring clarity and potentially boost adoption. ⚖️
I'm not a financial advisor, but I'm definitely a crypto enthusiast! So, let's dive deeper together!
Join me in the comments:
What are your thoughts on Bitcoin's future?What factors are you watching closely?Are you bullish or bearish on BTC?
Let's get the conversation rolling!
#Bitcoin #Cryptocurrency #BTC #HalvingHorizons
Remember, do your own research before making any investment decisions. This is not financial advice.
The Bitcoin train is chugging along, folks, and it's showing no signs of slowing down! We just witnessed BTC break the 64,000 USDT barrier – that's a 3.56% surge in 24 hours!
But where are we headed next? The future is always uncertain, but that's what makes crypto so exciting!
Here's what's piquing my interest:
The upcoming Bitcoin halving: Scheduled for April 24th, this event will cut the number of new BTCs generated in half, potentially impacting its price.
⏳Institutional adoption: More and more big players are entering the crypto space, potentially bringing fresh capital and stability.
Emerging regulations: Governments around the world are scrambling to regulate crypto, which could bring clarity and potentially boost adoption. ⚖️
I'm not a financial advisor, but I'm definitely a crypto enthusiast! So, let's dive deeper together!
Join me in the comments:
What are your thoughts on Bitcoin's future?What factors are you watching closely?Are you bullish or bearish on BTC?
Let's get the conversation rolling!
#Bitcoin #Cryptocurrency #BTC #HalvingHorizons
Remember, do your own research before making any investment decisions. This is not financial advice.
Since you're interested in crypto news, here are some updates:
Regulation:
US: The SEC cracks down on unregistered crypto lending platforms, raising concerns about potential tightening regulations in the space.
China: China reiterates its crypto ban, impacting mining operations and trading activity.
EU: The European Union gears up for its Markets in Crypto-Assets (MiCA) regulation, aiming to provide a clear legal framework for digital assets.
Technology:
Ethereum's Shanghai upgrade: This highly anticipated upgrade, scheduled for March, will unlock staked ETH, potentially impacting the market dynamics.
Metaverse projects: Facebook Meta continues to invest heavily in the metaverse, potentially driving demand for cryptocurrencies involved in virtual worlds.
Central Bank Digital Currencies (CBDCs): Several central banks are exploring launching their own digital currencies, potentially impacting the future of traditional and cryptocurrencies.
Adoption:
PayPal: Reports suggest PayPal is developing its own stablecoin, potentially bringing crypto to a wider audience.
Retail giants: Companies like Walmart and Nike are exploring ways to integrate blockchain technology and crypto payments into their operations.
Institutional investors: More institutional investors are allocating a portion of their portfolios to crypto, suggesting growing recognition of its potential.
Additionally:
Keep an eye on: Ongoing developments in DeFi, NFTs, and play-to-earn gaming within the crypto space.
Remember: The crypto market is volatile, so do your own research and invest responsibly.
I hope this information is helpful! Feel free to ask if you have any questions about specific aspects of the crypto world.
$BTC $BNB $SOL
Regulation:
US: The SEC cracks down on unregistered crypto lending platforms, raising concerns about potential tightening regulations in the space.
China: China reiterates its crypto ban, impacting mining operations and trading activity.
EU: The European Union gears up for its Markets in Crypto-Assets (MiCA) regulation, aiming to provide a clear legal framework for digital assets.
Technology:
Ethereum's Shanghai upgrade: This highly anticipated upgrade, scheduled for March, will unlock staked ETH, potentially impacting the market dynamics.
Metaverse projects: Facebook Meta continues to invest heavily in the metaverse, potentially driving demand for cryptocurrencies involved in virtual worlds.
Central Bank Digital Currencies (CBDCs): Several central banks are exploring launching their own digital currencies, potentially impacting the future of traditional and cryptocurrencies.
Adoption:
PayPal: Reports suggest PayPal is developing its own stablecoin, potentially bringing crypto to a wider audience.
Retail giants: Companies like Walmart and Nike are exploring ways to integrate blockchain technology and crypto payments into their operations.
Institutional investors: More institutional investors are allocating a portion of their portfolios to crypto, suggesting growing recognition of its potential.
Additionally:
Keep an eye on: Ongoing developments in DeFi, NFTs, and play-to-earn gaming within the crypto space.
Remember: The crypto market is volatile, so do your own research and invest responsibly.
I hope this information is helpful! Feel free to ask if you have any questions about specific aspects of the crypto world.
$BTC $BNB $SOL
Cryptoverse: Buckle Up for a Wild Ride with Regulations, Metaverse Mayhem, and Staked ETH Shenanigan
Regulation:
US: The SEC cracks down on unregistered crypto lending platforms, raising concerns about potential tightening regulations in the space.China: China reiterates its crypto ban, impacting mining operations and trading activity.EU: The European Union gears up for its Markets in Crypto-Assets (MiCA) regulation, aiming to provide a clear legal framework for digital assets.
Technology:
Ethereum's Shanghai upgrade: This highly anticipated upgrade, scheduled for March, will unlock staked ETH,
US: The SEC cracks down on unregistered crypto lending platforms, raising concerns about potential tightening regulations in the space.China: China reiterates its crypto ban, impacting mining operations and trading activity.EU: The European Union gears up for its Markets in Crypto-Assets (MiCA) regulation, aiming to provide a clear legal framework for digital assets.
Technology:
Ethereum's Shanghai upgrade: This highly anticipated upgrade, scheduled for March, will unlock staked ETH,
Crypto Headliners, Bitcoin Stalls, Ethereum L2s Prep for Gas Fee Slash, BNB Holds Steady
Bitcoin (BTC): The king of crypto continues its consolidation above $48,000, facing resistance at $49,000. Short-term holders have locked in substantial profits, potentially indicating a wait-and-see approach before pushing higher. Analysts remain divided, with some predicting a retest of $52,000 while others warn of a drop back to $43,500.
Ethereum (ETH): Layer 2 solutions like Arbitrum and Optimism are expected to see a significant decrease in gas fees after the Cancun upgrade, potentially m
Ethereum (ETH): Layer 2 solutions like Arbitrum and Optimism are expected to see a significant decrease in gas fees after the Cancun upgrade, potentially m
Hot Crypto Headlines
1. Bitcoin Eyes Bullish Return After Dip: BTC hovered around $39k recently, but analysts predict a bounce back towards swing highs. Share your thoughts on the future of Bitcoin! #CZSaysMoon?
2. Terraform Labs Files for Bankruptcy: The stablecoin saga continues! Discuss the implications for the crypto market and Binance's role in stablecoin regulation. #CryptoRegulation
3. BlackRock IBIT ETF Surpasses $2 Billion: Institutional interest in Bitcoin is skyrocketing! Tag @cz_binance and ask wha
2. Terraform Labs Files for Bankruptcy: The stablecoin saga continues! Discuss the implications for the crypto market and Binance's role in stablecoin regulation. #CryptoRegulation
3. BlackRock IBIT ETF Surpasses $2 Billion: Institutional interest in Bitcoin is skyrocketing! Tag @cz_binance and ask wha
Bitcoin Surges After Positive Sustainability Report and BlackRock ETF Growth.
BTC price currently above $41,000, its highest level since May 2022.Sustainable energy use in Bitcoin mining reaches 54.5%, according to a new report, boosting investor confidence.BlackRock's iShares Bitcoin ETF (IBIT) crosses $2 billion in assets under management, showcasing growing institutional interest.Experts say these factors could signal a continued Bitcoin bull run in 2024.
Additional points to consider:Mention Binance's recent launch of margin trading for Bitcoin, attracting more trade
Additional points to consider:Mention Binance's recent launch of margin trading for Bitcoin, attracting more trade
Fidelity Bitcoin Spot ETF Records $1 Billion In Net Inflows.
Data from BitMEX Research reveals that Fidelity’s Bitcoin spot EF - FBTC - has now witnessed a total inflow of over $1 billion since its launch on January 20, 2024. The ETF has attracted diverse investors, including institutional, retail, and accredited ones, and has secured 25,067 BTC in holdings3.
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📈Dogecoin to $12? Investor Says This Coin Below $0.10 Will Reach That Price Even Before DOGE Clears $1🦄
Why Dogecoin’s $12 Target Is Far-Fetched
Beyond its popularity and well-known supporters, Dogcoin’s path to $12 is full of challenges. Being a meme-based cryptocurrency, DOGE has sometimes been driven more by social media attention than by inherent technical worth or usefulness. Though its trading volume has stayed strong, there is no obvious market value estimate or use that might drive its price to historically extraordinary levels of $12. Dogecoin battled to top $0.75 even at the height of the 2021 crypto bull run, and it has subsequently settled in lower values. The price of the coin now is somewhat constant, much below past highs. Furthermore, lacking in DeFi and utility-based growth engines driving other cryptocurrencies is Dogecoin. Expecting Dogecoin to hit $12 seems more improbable without these fundamental elements.
Rexas Finance’s Potential to Hit $12 Before Dogecoin Reaches $1
The ambitious project plan and fast presale performance of Rexas Finance make it fit to reach important price benchmarks. Not unusual in the cryptocurrency space, Rexas Finance would have to rise 171-fold from its present $0.07 presale price to reach $12. Rexas Finance is positioned to maintain a steady increase with its utility-orientated approach and outstanding presale numbers. By contrast, dogecoin would have to rise more than six times to get to $1. Given its present price of $0.16 and a 24-hour trading volume devoid of any price movement, Dogecoin’s ascent to $1 looks difficult. With its usability and presale momentum, Rexas Finance is more likely to realize exponential growth that might propel it to double-digit values in the foreseeable future.
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