#TradeNTell #NLink NEURALINK token skyrocketed 3,400% after Musk's microchipping announcement. Earlier, Elon Musk's company Neuralink managed to carry out the first operation to implant a chip into the human brain. Musk called the results of the operation promising and added that the person who had the chip implanted is “recovering well.” Immediately after this, the price of the NEURALINK token, which is in no way associated with the company, increased by 3,400% in just one day. Data from dextools shows that the coin has a market capitalization of $2.21 million and liquidity of approximately $203,080 million, with a total of 1 million tokens in circulation. Musk, who regularly reminds that he has no intention of creating tokens, constantly influences the value of the meme coins associated with him. Recently, Dogecoin and Floki rose in price immediately after the creation of an XPayments account, which is expected to integrate payment using cryptocurrencies. A previously unknown user earned $1 million by purchasing TROLL tokens - the crypto asset soared in price after the eccentric billionaire’s tweet. In response, Musk simply changed the signature on his social network X account to “(CTO) Chief Troll Officer.”
#TradeNTell #BTC An analyst at 10x Research allowed the Bitcoin rate to rise above $52 thousand by April. Markus Thielen considers the right moment to start “bullish” bets when the first cryptocurrency breaks through the price level of $43 thousand. Markus Thielen from 10x Research allowed Bitcoin to rise above $52 thousand by the end of the first quarter of 2024. The analyst, who predicted Bitcoin's recent decline to $38,000 in mid-January, believes that a slowdown in the outflow of funds from the Grayscale Bitcoin Trust (GBTC) and advertising of a Bitcoin ETF on Google could contribute to further growth in the price of the first cryptocurrency. In his forecasts, Thielen uses Elliott theory, which suggests that asset prices move in waves. According to this theory, a trend develops in five waves, of which the first, third and fifth are “impulse waves” of the main trend. The rest are “pullback waves,” meaning a temporary stop in the main trend. According to Thielen, Bitcoin has been in this “wave” pattern since the beginning of last year, and the recent depreciation from $49 thousand to $38.5 thousand represents the fourth wave, that is, a temporary pullback. Now the fifth wave has begun, which can raise the price of Bitcoin above $52.6 thousand. “From a risk management perspective, we should go long again as soon as Bitcoin breaks above $43,000. <...> Potential catalysts for a move higher could include a reduction in the impact of Grayscale GBTC sales on the price of Bitcoin, new all-time highs in stocks and allowing advertising cryptocurrency ETFs on Google,” wrote the founder of 10x Research.
#TradeNTell #KLXO Why are Litecoin (LTC) and Ripple (XRP) investors rushing to participate in the new Kelexo (KLXO) pre-sale? To make the best decisions, investors must know everything about the market and be aware of everything that is happening. Litecoin (LTC) is trading between $63 and $68. After the recent fall, the Litecoin (LTC) price has fallen again to $64.3. Litecoin (LTC) continues to follow a pattern of sharp ups and downs this year, but overall its price is down 8% from last month. While current trends favor short-term traders, long-term investors should consider Litecoin (LTC) alternatives. Ripple (XRP) is 15% worse than last month. Unfortunately, the market situation is not much better: the Ripple (XRP) price has fallen to $0.513604. That's down 11% from last week as Ripple (XRP) heads into a two-week decline. Additionally, the quality of Kelexo (KLXO) is what attracts investors. In the case of Kelexo (KLXO), we see a completely new application of decentralized technology and unprecedented potential. The project, which is taking the industry by storm, will change the way loans are obtained and shift the balance of power in favor of users. In addition to improving the online lending code in many ways, Kelexo (KLXO) can be used for payments. These benefits have not gone unnoticed by investors, who can claim their share of the Kelexo (KLXO) massive offering by purchasing the token for $0.22 during the pre-sale. However, investors also stand to gain a lot. Kelexo (KLXO) promises lifetime payouts to all pre-sale investors, as well as management rights. Experts say that buying Kelexo (KLXO) could be a good decision, especially since the token is expected to grow significantly. I personally completely agree with this.
#TradeNTell #SHIBAINU #forecast The Shiba Inu (SHIB) price began to fall after failing to break through the resistance line on December 17th. Technical analysis of the daily time frame shows that the Shiba Inu has been trading inside an ascending parallel channel since June 2023. The rise led to a high of $0.00000120 on December 17, 2023, after which the price of memcoin began to decline. At the beginning of the year, SHIB dropped below the channel's midline and then fell through the short-term horizontal area. At the moment, the asset is moving below the channel. If the Shiba Inu price continues to correct, it could decline another 12% and reach the next immediate support at $0.0000077. P.S. This is just a forecast, nothing more.
#TradeNTell #BTC #ADA Crypto blogger Ben Armstrong believes that Bitcoin will rise to $50,000 after the flagship cryptocurrency bounced off strong support. In a recently uploaded YouTube video, he said that BTC has bounced off the same level for the third time. In the video, Armstrong showed that BTC's $40,000 price range proved to be strong support. And although the latest bounce was slightly different from the previous two, Armstrong confirmed that it would have a similar effect. Armstrong noted that another bounce in the same region confirmed his long-standing prediction that Bitcoin would rise to $50,000. He charted how the first bounce from support took Bitcoin above $44,400. After the pullback, the price bounced a second time, which led to a move above $49,000. Based on this, he concluded that the latest bounce would take BTC above $50,000. Despite his optimistic mood, Armstrong does not write off the possibility of the flagship cryptocurrency falling into the same support region. In this regard, he advised his subscribers to take profits whenever the growth he predicted occurred.
In addition to Bitcoin, Armstrong cited leading analyst Ali Martinez's forecast that Cardano will rise to $7. Such a significant increase is explained by the token repeating the price movement of 2020. Interestingly, Armstrong himself indicated a target price of $11 for ADA.
#TradeNTell #XRP XRP has been declining since November 2023, accelerating its decline in 2024. The rebound on January 23 did nothing to help the price. The daily timeframe shows that the coin of the Ripple project has been declining since July 2023 along a descending resistance line. This trend line has provoked a price rebound more than once, the last time this happened in December (red icon). After this, the token accelerated its decline and broke through the horizontal support area. This decline culminated in yesterday's low at $0.49. A closer look at the daily chart shows that XRP has been trading inside a descending parallel channel since November 2023. Although such channels usually contain corrective patterns, XRP is at the bottom, which is a sign of weakness. A cryptocurrency trader under the nickname XRP Whale believes that the price has already reached the bottom, forming a bullish Gartley pattern. Despite these bullish forecasts, the price has not yet made a significant rebound since reaching the channel support line. Additionally, the daily RSI, as mentioned above, is bearish. Thus, if the XRP price makes a bearish breakout from the channel, it could fall 12% to the nearest support at $0.44. However, a recovery of XRP above the $0.55 horizontal resistance area and the channel midline could trigger a 23% rise to the channel resistance line.
#TradeNTell #BTC #forecast A sharp decline in the price of the first cryptocurrency may increase sales from recent buyers of the asset, analysts say. Popular analysts predicted new surges in the depreciation of Bitcoin. Despite the expansion and diversification of cryptocurrency markets, experts expect a further correction in BTC. The sharp decline in Bitcoin's price following the ETF's approval led to a reduction in unrealized gains, especially among short-term holders.
The first bottom of Bitcoin was $13,000, then ≈$20,000, at the moment the price of Bitcoin is $35,000-40,000. It seems to me that this is the last bottom price, after which Bitcoin will skyrocket to ~$65,000. Bitcoin has a low supply of 21,000,000 and it is easy for large firms to raise Bitcoin to 100,000. The current market price is about $40,000 and the capitalization is 785 billion! P.S. This is just my forecast, nothing more.
$SOL 🚀 🚀 🚀 Solana continues to grow. There is a huge chance that it will reach $100 in December. And then there are 110, 120, etc. not far away. Analysts suggest that in the future the growth will be even higher (≈$100-300). The most positive forecast is $1000. What do you think, is the token good, what are the prospects? 🤔