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Cryptoniteuae
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A lucky $PEPE investor turned $460 into a massive $3.4 million! They bought 324.9 billion PEPE tokens in April 2023 and recently cashed out entirely on Binance. This incredible gain coincides with a PEPE price surge and a broader crypto market rally fueled by ETF speculation. The investor, known for chasing memecoin trends, has profited before with PEPE and likely other memecoins. This story highlights the potential windfalls (and risks) of memecoin investments.
#ETHETFS #PEPE #memecoins #cryptoniteuae
#ETHETFS #PEPE #memecoins #cryptoniteuae
LIVEMastering Crypto
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PEPE Coin is currently experiencing a surge in popularity. However, the vast number of PEPE Coins in circulation makes it challenging to balance supply and demand, preventing the price from reaching $1, a feat that is almost impossible under current circumstances. For a cryptocurrency to increase in value, a limited supply is crucial, which PEPE Coin lacks. Additionally, the intense competition in the cryptocurrency market means projects like PEPE Coin generally do not attract significant attention from large investors. These investors typically prefer stable and promising coins, while meme coins often fall outside this category.
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The cryptocurrency market is also known for its high volatility. While meme coins can quickly gain popularity on social media, this trend is usually short-lived. For a cryptocurrency to sustain long-term value, it needs to have multiple use cases. In contrast, PEPE Coin relies heavily on speculation, hindering its ability to achieve a lasting increase in price.
Therefore, caution is advised when investing in PEPE Coin. Although it shows promise, it also carries significant risks.
*Disclaimer: This is not financial advice. Please conduct thorough research and stay informed.*
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🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#PEPE #pepepumping
Click Here To Go To Feed Post For FDUSD
The cryptocurrency market is also known for its high volatility. While meme coins can quickly gain popularity on social media, this trend is usually short-lived. For a cryptocurrency to sustain long-term value, it needs to have multiple use cases. In contrast, PEPE Coin relies heavily on speculation, hindering its ability to achieve a lasting increase in price.
Therefore, caution is advised when investing in PEPE Coin. Although it shows promise, it also carries significant risks.
*Disclaimer: This is not financial advice. Please conduct thorough research and stay informed.*
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#PEPE #pepepumping
LIVECrypto Ahmet
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Hausse
🔥💥Huge Increase in Shiba Inu Cremation Rate: Could SHIB Price Increase?
#SHIB Burning Speed Is Taking Off
The team behind the popular meme coin - #ShibaInu - continues to remove a significant amount of coins from circulation. The data shows that the burning rate has increased by almost 500% in the last 24 hours and by 193% on a weekly scale. This resulted in the destruction of more than 774 million SHIB assets.
The ultimate goal of the program is to reduce the enormous supply of the coin and make it less and potentially more valuable in the future. April March saw the burn rate increase by 50,000% at one point, while the amount of tokens removed from circulation during March exceeded 15.5 billion (a 2,300% increase compared to the figure observed in February).
Despite these efforts, the price of Shiba Inu has fallen by 8% in the last 24 hours and by 25% in a week (according to Coingecko's data). The downtrend coincides with a broader market decline, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and many other cryptocurrencies plunging of late.
The Role of Shibarium
Another important element that may positively affect the value of shib in the future is the development of Shibarium, a layer-2 scaling solution. The network has experienced a significant revival over the past few days, with the number of daily transactions and active accounts going north.
Officially introduced last summer, the feature is designed to stimulate the development of the meme token by reducing transaction costs, increasing speed and increasing scalability.
#Memecoins #binance
#SHIB Burning Speed Is Taking Off
The team behind the popular meme coin - #ShibaInu - continues to remove a significant amount of coins from circulation. The data shows that the burning rate has increased by almost 500% in the last 24 hours and by 193% on a weekly scale. This resulted in the destruction of more than 774 million SHIB assets.
The ultimate goal of the program is to reduce the enormous supply of the coin and make it less and potentially more valuable in the future. April March saw the burn rate increase by 50,000% at one point, while the amount of tokens removed from circulation during March exceeded 15.5 billion (a 2,300% increase compared to the figure observed in February).
Despite these efforts, the price of Shiba Inu has fallen by 8% in the last 24 hours and by 25% in a week (according to Coingecko's data). The downtrend coincides with a broader market decline, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and many other cryptocurrencies plunging of late.
The Role of Shibarium
Another important element that may positively affect the value of shib in the future is the development of Shibarium, a layer-2 scaling solution. The network has experienced a significant revival over the past few days, with the number of daily transactions and active accounts going north.
Officially introduced last summer, the feature is designed to stimulate the development of the meme token by reducing transaction costs, increasing speed and increasing scalability.
#Memecoins #binance
LIVEBitcoin Farmer 2018
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BOOK OF MEME
BOME
Top Crypto Analyst Projects the Best Meme Coins to Break New Records in 2024
BOOK OF MEME (BOME): The Latest Meme Coin to Spike Significantly.
Meme coins have crushed the charts as of recently with a combined market capitalization of over $61 billion, positioning them as some of the most sought-after cryptocurrencies in the industry.
However, not all memecoins perform equally, as some dip in value while others can see significant price uptrends.
BOOK OF MEME (BOME): The Latest Meme Coin to Spike Significantly
BOOK OF MEME (BOME) is one of the latest meme coins on this list, and represents an initiative which was launched on top of the Solana blockchain. It aims to combine blockchain technology with internet culture, and the BOOK OF MEME crypto aims to enable the minting and trading of memes as NFTs as-well.
During the past month, the BOOK OF MEME price moved up 19,070.8%, and at this rate it is poised for far more significant growth. According to the BOOK OF MEME price prediction, it can end 2024 at $0.05.
#BOME🔥🔥🔥 #BOMEARMY #BOME/USDT @Bitcoin Farmer 2018
BOME
Top Crypto Analyst Projects the Best Meme Coins to Break New Records in 2024
BOOK OF MEME (BOME): The Latest Meme Coin to Spike Significantly.
Meme coins have crushed the charts as of recently with a combined market capitalization of over $61 billion, positioning them as some of the most sought-after cryptocurrencies in the industry.
However, not all memecoins perform equally, as some dip in value while others can see significant price uptrends.
BOOK OF MEME (BOME): The Latest Meme Coin to Spike Significantly
BOOK OF MEME (BOME) is one of the latest meme coins on this list, and represents an initiative which was launched on top of the Solana blockchain. It aims to combine blockchain technology with internet culture, and the BOOK OF MEME crypto aims to enable the minting and trading of memes as NFTs as-well.
During the past month, the BOOK OF MEME price moved up 19,070.8%, and at this rate it is poised for far more significant growth. According to the BOOK OF MEME price prediction, it can end 2024 at $0.05.
#BOME🔥🔥🔥 #BOMEARMY #BOME/USDT @Bitcoin Farmer 2018
LIVEQueen Rihana
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🚀 Pepe Price Prediction until April 20, 2024! 📈
Join us on this exciting journey as we track the trajectory of the Pepe Token! 🐸 Here's what the crystal ball reveals:
📆 April 17, 2024 (Wednesday): $0.00000478
📆 April 18, 2024 (Thursday): $0.00000515
📆 April 19, 2024 (Friday): $0.00000438
As for April 20, 2024 (Saturday), the future is shrouded in mystery! 🌟 But fear not, for every twist and turn in the market is an adventure waiting to unfold. Keep your eyes peeled for updates! 🌌✨
Remember, the journey is just as important as the destination, so let's enjoy every step of the way together! 🚀🌈 #PEPE #CryptoForecast 🚀
Join us on this exciting journey as we track the trajectory of the Pepe Token! 🐸 Here's what the crystal ball reveals:
📆 April 17, 2024 (Wednesday): $0.00000478
📆 April 18, 2024 (Thursday): $0.00000515
📆 April 19, 2024 (Friday): $0.00000438
As for April 20, 2024 (Saturday), the future is shrouded in mystery! 🌟 But fear not, for every twist and turn in the market is an adventure waiting to unfold. Keep your eyes peeled for updates! 🌌✨
Remember, the journey is just as important as the destination, so let's enjoy every step of the way together! 🚀🌈 #PEPE #CryptoForecast 🚀
LIVEWEB3 UNFOLDED
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Hausse
What's next for PEPE this month?
(note: the post contains data by CoinPedia)
The PEPE coin price displayed a neutral start to the year, however, as the hype for memecoins gained traction, the PEPE price recorded a jump of over 500% in valuation. Following this, the bulls lost momentum at the resistance of $0.000010. Since then, the price has been trading under a bearish influence.
The PEPE price continues to display a negative trend by recording a correction of approximately 8% within the past 24 hours. Moreover, the memecoin has lost 32.59% within the past seven days and 24.89% over the past 30 days, highlighting increased selling pressure in the crypto industry.
The Cross EMA 50-day shows a bearish curve, indicating a strong bearish influence for this altcoin in the market. Furthermore, the technical indicator, MACD, shows a constant red histogram with its averages displaying a steady decline in the chart.
If the market holds the PEPE token above the support level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00000785. However, a bearish reversal may pull the price toward its low of $0.00000400.
#BullorBear #Megadrop #Memecoins #pepe #PEPE
$PEPE
(note: the post contains data by CoinPedia)
The PEPE coin price displayed a neutral start to the year, however, as the hype for memecoins gained traction, the PEPE price recorded a jump of over 500% in valuation. Following this, the bulls lost momentum at the resistance of $0.000010. Since then, the price has been trading under a bearish influence.
The PEPE price continues to display a negative trend by recording a correction of approximately 8% within the past 24 hours. Moreover, the memecoin has lost 32.59% within the past seven days and 24.89% over the past 30 days, highlighting increased selling pressure in the crypto industry.
The Cross EMA 50-day shows a bearish curve, indicating a strong bearish influence for this altcoin in the market. Furthermore, the technical indicator, MACD, shows a constant red histogram with its averages displaying a steady decline in the chart.
If the market holds the PEPE token above the support level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00000785. However, a bearish reversal may pull the price toward its low of $0.00000400.
#BullorBear #Megadrop #Memecoins #pepe #PEPE
$PEPE
Pepe#pepe
LIVECrypto ALI 248
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🛑🛑🛑BREAKING: PEPE Team Makes a Statement on Recent Events
According to the PEPE official Twitter account, some of the PEPE core team have sold approximately 16 trillion ($16 million) tokens unannounced.
In the statement made, it was stated that as a precaution, the number of signatory wallets required in the multisig wallet was reduced to 2/8 wallets, there was 10 trillion PEPE in the multisig wallet, there is now only one signature wallet, and this wallet is in safe hands.
According to the statement made by the remaining members of the team, the PEPE altcoin has had some malicious and greedy members in it since its inception. It has been said that these members, who have hindered the development of PEPE since the first weeks, are now cleared from the team.
Regarding the sale, the last remaining signatory team member announced that he was betrayed on the night of the incident, with three malicious team members selling 16 trillion PEPE from the multisig wallet. He also stated that they then tried to sever all ties with the token by deleting themselves from the multisig wallet.
The remaining team member stated that the sold tokens were never held for sale, the remaining tokens were in safe hands. It was also announced that the PEPE Twitter account is in the hands of the remaining member.
$PEPE
#pepe #Write2Earn #Portal
According to the PEPE official Twitter account, some of the PEPE core team have sold approximately 16 trillion ($16 million) tokens unannounced.
In the statement made, it was stated that as a precaution, the number of signatory wallets required in the multisig wallet was reduced to 2/8 wallets, there was 10 trillion PEPE in the multisig wallet, there is now only one signature wallet, and this wallet is in safe hands.
According to the statement made by the remaining members of the team, the PEPE altcoin has had some malicious and greedy members in it since its inception. It has been said that these members, who have hindered the development of PEPE since the first weeks, are now cleared from the team.
Regarding the sale, the last remaining signatory team member announced that he was betrayed on the night of the incident, with three malicious team members selling 16 trillion PEPE from the multisig wallet. He also stated that they then tried to sever all ties with the token by deleting themselves from the multisig wallet.
The remaining team member stated that the sold tokens were never held for sale, the remaining tokens were in safe hands. It was also announced that the PEPE Twitter account is in the hands of the remaining member.
$PEPE
#pepe #Write2Earn #Portal
Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?
LIVECrypto Ahmet
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Hausse
🔥💥Is Shiba Inu a Cryptocurrency That Could Give You $1 Million?
Shiba Inu is currently trading at $0.000009268 and has been mostly in the red on the charts for a month. #SHIB was launched in August 2020 at a modest price of $ 0.000000000951, and investors were able to accumulate trillions of tokens cheaply. SHIB has increased by 85,000,000% (85 million percent) from its inception to October 2021, enabling early investors to become millionaires. In the past, even a $ 650 investment brought the investor $ 1.7 million at the end of 2021.
The dog-themed token continued to be the star of the cryptocurrency market, generating huge profits in 2021 as well.
But the money-making machine was shaken when SHIB entered 2022 and fell into the fall trap. The token has only moved backwards since then with little or no price explosion. Shiba Inu also added an extra zero to the charts, and his hopes of earning $1 million or more came to naught.
Shiba Inu: Can SHIB Still Make You a Millionaire?
The only thing preventing the price of SHIB from rising sustainably is the huge supply of 549 trillion tokens. There is no end to the supply, and it causes the growth of Shiba Inu to stop at gigantic proportions. Even the Shibarium layer-2 solution, which is said to burn trillions of SHIB tokens, has not yet started the burning process.
Therefore, all paths to the $0.01 level are narrow, which causes SHIB to fail to reach its price target. Investors may need to hold out for years or even decades to get rid of the current price. If Shibarium does not burn trillions of tokens, the dream of becoming a millionaire from SHIB can be forgotten.
The cryptocurrency market is being affected by global macroeconomic factors and a bull run may not be expected. As a result, it is currently doubtful that Shiba Inu will provide you with a profit of $ 1 million or more, and SHIB does not attract buying pressure or new buyers.
#Shibainu #Write2Earn #binance
Shiba Inu is currently trading at $0.000009268 and has been mostly in the red on the charts for a month. #SHIB was launched in August 2020 at a modest price of $ 0.000000000951, and investors were able to accumulate trillions of tokens cheaply. SHIB has increased by 85,000,000% (85 million percent) from its inception to October 2021, enabling early investors to become millionaires. In the past, even a $ 650 investment brought the investor $ 1.7 million at the end of 2021.
The dog-themed token continued to be the star of the cryptocurrency market, generating huge profits in 2021 as well.
But the money-making machine was shaken when SHIB entered 2022 and fell into the fall trap. The token has only moved backwards since then with little or no price explosion. Shiba Inu also added an extra zero to the charts, and his hopes of earning $1 million or more came to naught.
Shiba Inu: Can SHIB Still Make You a Millionaire?
The only thing preventing the price of SHIB from rising sustainably is the huge supply of 549 trillion tokens. There is no end to the supply, and it causes the growth of Shiba Inu to stop at gigantic proportions. Even the Shibarium layer-2 solution, which is said to burn trillions of SHIB tokens, has not yet started the burning process.
Therefore, all paths to the $0.01 level are narrow, which causes SHIB to fail to reach its price target. Investors may need to hold out for years or even decades to get rid of the current price. If Shibarium does not burn trillions of tokens, the dream of becoming a millionaire from SHIB can be forgotten.
The cryptocurrency market is being affected by global macroeconomic factors and a bull run may not be expected. As a result, it is currently doubtful that Shiba Inu will provide you with a profit of $ 1 million or more, and SHIB does not attract buying pressure or new buyers.
#Shibainu #Write2Earn #binance
ARB will high ?
LIVEBitcoinworld
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Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, What Bad News?
Hong Kong Virtual Asset Rating Agency (HKVAC) listed some cryptos but delisted XRP, Arbitrum (ARB) and nine others.
Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.
Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.
Hong Kong virtual asset rating agency HKVAC announced the index adjustment results, which will take effect on January 19. The global index adds ICP, NEAR, OP, INJ, and IMX, and removes TUSD, BUSD, HBAR, FIL, and MKR. SOL is added to the top 5 indices and XRP is removed. AVAX is…
— Wu Blockchain (@WuBlockchain) January 12, 2024
HKVAC said that changes were made to the indices and new altcoins were added, while some altcoins such as XRP were removed.
See Also: Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC
According to the index adjustment results, the HKVAC Global Major Cryptocurrency Index added some altcoins while delisting others.
It is stated that the added altcoins are Internet Computer (ICP), Near Protocol (NEAR), Optimisim (OP), Injective (INJ) and Immutable (IMX), while Filecoin (FIL), Maker Dao (MKR), TUSD, BUSD and HBAR are removed from the index list. It was stated that it was removed.
Likewise, the HKVAC Major Cryptocurrency Index added ICP, NEAR, OP, INJ, and IMX to the list, while removing MKR, Lido Dao (LDO), MNT, QNT, and Arbitrum (ARB).
See Also: Telcoin Restored User Balances After Exploit, Records 400% Increase In Deposits
While Solana (SOL) was added instead of XRP in the HKVAC Global Top 5 Indices, Tron (TRX) was removed from the Top 10 Indices and replaced with Avalanche (AVAX).
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
The post Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, What Bad News? appeared first on BitcoinWorld.
Positive developments continue to occur in Hong Kong, which has taken important steps towards becoming a cryptocurrency center.
Chinese journalist Wu Blockchain stated in his post that Hong Kong Virtual Asset Rating Agency (HKVAC) announced the index adjustment results that will come into effect on January 19.
Hong Kong virtual asset rating agency HKVAC announced the index adjustment results, which will take effect on January 19. The global index adds ICP, NEAR, OP, INJ, and IMX, and removes TUSD, BUSD, HBAR, FIL, and MKR. SOL is added to the top 5 indices and XRP is removed. AVAX is…
— Wu Blockchain (@WuBlockchain) January 12, 2024
HKVAC said that changes were made to the indices and new altcoins were added, while some altcoins such as XRP were removed.
See Also: Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC
According to the index adjustment results, the HKVAC Global Major Cryptocurrency Index added some altcoins while delisting others.
It is stated that the added altcoins are Internet Computer (ICP), Near Protocol (NEAR), Optimisim (OP), Injective (INJ) and Immutable (IMX), while Filecoin (FIL), Maker Dao (MKR), TUSD, BUSD and HBAR are removed from the index list. It was stated that it was removed.
Likewise, the HKVAC Major Cryptocurrency Index added ICP, NEAR, OP, INJ, and IMX to the list, while removing MKR, Lido Dao (LDO), MNT, QNT, and Arbitrum (ARB).
See Also: Telcoin Restored User Balances After Exploit, Records 400% Increase In Deposits
While Solana (SOL) was added instead of XRP in the HKVAC Global Top 5 Indices, Tron (TRX) was removed from the Top 10 Indices and replaced with Avalanche (AVAX).
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
The post Hong Kong (HKVAC) Delist XRP, Arbitrum (ARB) and Nine Altcoins, What Bad News? appeared first on BitcoinWorld.
SHIBA WILL HIGH ?
LIVEDEFIDRAFT
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🚀 Shiba Inu Price Could Surge to $0.00002 If It Breaks This Major Resistance 🐾💹
Exciting developments in the Shiba Inu (SHIB) space! As the crypto market experiences fluctuations, SHIB enthusiasts anticipate a potential surge to $0.00002. However, there's a significant hurdle on this journey, and breaking through it is crucial for Shiba Inu's upward trajectory.
1. Shiba Inu's Recent Performance: A Rollercoaster Ride!
Shiba Inu, following a 12% surge on the weekly charts, briefly eliminated a zero on January 11, reaching $0.00001. Unfortunately, recent market volatility, triggered by Bitcoin's fluctuations, led to a dip back to the $0.000009 territory.
2. Bullish Sentiment Persists Despite Challenges!
Despite the recent setback, Shiba Inu enthusiasts remain bullish, speculating a potential climb to $0.00002. The last time SHIB approached this level was in May 2022, and the community is eager for a resurgence.
3. The Road to $0.00002: Breaking Down the Resistance Barrier!
Breaking through the resistance is the key challenge for Shiba Inu. According to IntoTheBlock's data, a substantial barrier lies between the current price and the coveted $0.00002 mark. Over 87% of the circulating supply is held by 269,860 addresses, representing a massive hurdle.
📊 Data Insights: Overcoming Resistance for SHIB's Ascent
Circulating Supply: 514 trillion SHIB tokensResistance Level: $0.000019Addresses Holding: 269,860 (87.36% of circulating supply)
🛑 Challenges and Opportunities: Navigating the Path to $0.00002
As SHIB attempts to climb, the concentration of tokens at the $0.000019 level presents challenges. Investors in this category may face decisions to sell, potentially impacting the price. Overcoming this resistance is crucial for Shiba Inu's upward trajectory, as there is a lower concentration of SHIB beyond $0.000019.
🚨 Stay Tuned for SHIB's Exciting Journey: Follow The Defidraft for Real-time Updates! 🚀🌐
#ShibaPricePrediction #ShibaPriceAnalysys #ShibaPrediction #Cryptocurrency #crypto2024
Exciting developments in the Shiba Inu (SHIB) space! As the crypto market experiences fluctuations, SHIB enthusiasts anticipate a potential surge to $0.00002. However, there's a significant hurdle on this journey, and breaking through it is crucial for Shiba Inu's upward trajectory.
1. Shiba Inu's Recent Performance: A Rollercoaster Ride!
Shiba Inu, following a 12% surge on the weekly charts, briefly eliminated a zero on January 11, reaching $0.00001. Unfortunately, recent market volatility, triggered by Bitcoin's fluctuations, led to a dip back to the $0.000009 territory.
2. Bullish Sentiment Persists Despite Challenges!
Despite the recent setback, Shiba Inu enthusiasts remain bullish, speculating a potential climb to $0.00002. The last time SHIB approached this level was in May 2022, and the community is eager for a resurgence.
3. The Road to $0.00002: Breaking Down the Resistance Barrier!
Breaking through the resistance is the key challenge for Shiba Inu. According to IntoTheBlock's data, a substantial barrier lies between the current price and the coveted $0.00002 mark. Over 87% of the circulating supply is held by 269,860 addresses, representing a massive hurdle.
📊 Data Insights: Overcoming Resistance for SHIB's Ascent
Circulating Supply: 514 trillion SHIB tokensResistance Level: $0.000019Addresses Holding: 269,860 (87.36% of circulating supply)
🛑 Challenges and Opportunities: Navigating the Path to $0.00002
As SHIB attempts to climb, the concentration of tokens at the $0.000019 level presents challenges. Investors in this category may face decisions to sell, potentially impacting the price. Overcoming this resistance is crucial for Shiba Inu's upward trajectory, as there is a lower concentration of SHIB beyond $0.000019.
🚨 Stay Tuned for SHIB's Exciting Journey: Follow The Defidraft for Real-time Updates! 🚀🌐
#ShibaPricePrediction #ShibaPriceAnalysys #ShibaPrediction #Cryptocurrency #crypto2024
#PEPE PEPE PRICE?
LIVEfollow my profile
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Hausse
Pepe Price Prediction: Navigating Potential Surge to $0.0000019 Amid Market Optimism !!
#BTC #etf #ETH #xrp #BONK
Pepe price sees a notable increase, hinting at a potential surge to $0.0000019, as market conditions favor
Pepe price, reflecting the market’s growing enthusiasm for meme coins, has recently witnessed a significant upswing. In the last 24 hours, PEPE, the cryptocurrency inspired by the internet’s beloved frog character, has climbed by 23%. This increase is part of a larger trend seen across meme cryptocurrencies following the landmark approval of the first Bitcoin ETF in the United States.
Pepe coin, recently fluctuating within a narrow price band from $0.000001045 to $0.000001480, has witnessed a bullish trend. Over the past week, the value of PEPE has shown notable growth, with more than a 15% surge.
Despite a minor dip in its price last month, the recent performance of Pepe coin is drawing attention with its promising recovery and a bullish market outlook. Currently, Pepe price trades at $0.000001424, reflecting bullish pressure in the last 24 hours. The market would mark PEPE’s fourth consecutive day of gains if it maintains its positive momentum.
In the last 24 hours, Pepe has seen its trading volume skyrocket to $264,127,171, marking an 85.50% increase from the day before. This surge in volume indicates a significant rise in market interest. With a market capitalization of $474,662,781, Pepe currently holds the #112 rank on the CoinMarketCap.
This suggests that the coin could potentially reach prices of $0.0000016 or even $0.0000019. Such analysis is crucial for understanding Pepe’s market trajectory.
If PEPE continues its upward trajectory, maintaining momentum above the $0.0000015 resistance level is crucial. Achieving this could pave the way for PEPE to test the $0.0000018 mark and possibly breach the $0.0000019 resistance level in the near future. On the flip side, a bearish trend could see the coin test support levels at $0.0000013, with a potential fall to $0.000001.
#BTC #etf #ETH #xrp #BONK
Pepe price sees a notable increase, hinting at a potential surge to $0.0000019, as market conditions favor
Pepe price, reflecting the market’s growing enthusiasm for meme coins, has recently witnessed a significant upswing. In the last 24 hours, PEPE, the cryptocurrency inspired by the internet’s beloved frog character, has climbed by 23%. This increase is part of a larger trend seen across meme cryptocurrencies following the landmark approval of the first Bitcoin ETF in the United States.
Pepe coin, recently fluctuating within a narrow price band from $0.000001045 to $0.000001480, has witnessed a bullish trend. Over the past week, the value of PEPE has shown notable growth, with more than a 15% surge.
Despite a minor dip in its price last month, the recent performance of Pepe coin is drawing attention with its promising recovery and a bullish market outlook. Currently, Pepe price trades at $0.000001424, reflecting bullish pressure in the last 24 hours. The market would mark PEPE’s fourth consecutive day of gains if it maintains its positive momentum.
In the last 24 hours, Pepe has seen its trading volume skyrocket to $264,127,171, marking an 85.50% increase from the day before. This surge in volume indicates a significant rise in market interest. With a market capitalization of $474,662,781, Pepe currently holds the #112 rank on the CoinMarketCap.
This suggests that the coin could potentially reach prices of $0.0000016 or even $0.0000019. Such analysis is crucial for understanding Pepe’s market trajectory.
If PEPE continues its upward trajectory, maintaining momentum above the $0.0000015 resistance level is crucial. Achieving this could pave the way for PEPE to test the $0.0000018 mark and possibly breach the $0.0000019 resistance level in the near future. On the flip side, a bearish trend could see the coin test support levels at $0.0000013, with a potential fall to $0.000001.
LIVECrypto Web3 Today
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Hausse
Shiba Inu (SHIB) Loses Momentum, But Revival Is Imminent, Here's How.
Shiba Inu (SHIB) is losing momentum in no small way as the broader crypto market gives up its gains in a rapid manner. The second-largest meme coin has dropped by 2.77% in the past 24 hours with price trading on spot exchanges at $0.000009823. With trading volume dropping by more than 17% to $196,265,702, the token has proven at the mercy of its bears in the short term.
The latest erratic bull-bear action has forced Shiba Inu to give up some of its gains, with the token losing another zero.
Over the past month, Shiba Inu has added and lost new figures, but it has ultimately failed to turn the $0.00001 price level into an actual support zone. The market sentiment surrounding Shiba Inu is very bearish, but a metric remains promising to show that an imminent uptrend cannot be ruled out in the long term.
On-chain data shows that despite the latest bouts of sell-offs, Shiba Inu is still in "Greed" on the Fear and Greed Index. This implies that Shiba Inu bulls still have the hidden desire to go all out on the token, and given the right conditions, they may resume accumulating the coin.
Shiba Inu metrics at tipping points.
While the drop in the price of Shiba Inu is a function of the sentiment in the wider market outlook, its key on-chain metrics are also at a tipping. The Shibarium transaction count has slumped to its lowest level in months, with only 1.33 million transactions recorded in the past 24 hours.
The burn rate is also down by 95%
overnight, with just a tiny 820,007 SHIB
burned thus far. These same metrics could
flip at any time in response to the
underlying market greed, and they may play a crucial role in returning SHIB to its
winning ways as they have always done.
Shiba Inu (SHIB) is losing momentum in no small way as the broader crypto market gives up its gains in a rapid manner. The second-largest meme coin has dropped by 2.77% in the past 24 hours with price trading on spot exchanges at $0.000009823. With trading volume dropping by more than 17% to $196,265,702, the token has proven at the mercy of its bears in the short term.
The latest erratic bull-bear action has forced Shiba Inu to give up some of its gains, with the token losing another zero.
Over the past month, Shiba Inu has added and lost new figures, but it has ultimately failed to turn the $0.00001 price level into an actual support zone. The market sentiment surrounding Shiba Inu is very bearish, but a metric remains promising to show that an imminent uptrend cannot be ruled out in the long term.
On-chain data shows that despite the latest bouts of sell-offs, Shiba Inu is still in "Greed" on the Fear and Greed Index. This implies that Shiba Inu bulls still have the hidden desire to go all out on the token, and given the right conditions, they may resume accumulating the coin.
Shiba Inu metrics at tipping points.
While the drop in the price of Shiba Inu is a function of the sentiment in the wider market outlook, its key on-chain metrics are also at a tipping. The Shibarium transaction count has slumped to its lowest level in months, with only 1.33 million transactions recorded in the past 24 hours.
The burn rate is also down by 95%
overnight, with just a tiny 820,007 SHIB
burned thus far. These same metrics could
flip at any time in response to the
underlying market greed, and they may play a crucial role in returning SHIB to its
winning ways as they have always done.
PEPE WLL HIGH?
LIVEBlockchainReporter
--
10 Best Crypto to Buy Now in January 2024
As we have stepped into the first month of 2024, many are wondering about the best crypto to buy now. The crypto market has proven to be a hotbed of innovation, offering investors new opportunities and challenges alike. Whether you’re a seasoned trader or a novice looking to venture into the exciting realm of digital assets, staying informed about the latest trends and potential investment options is crucial.
In this article, we embark on a journey to explore the 10 best cryptocurrencies that stand out as promising picks for January 2024. As the crypto market continues to mature and diversify, making informed decisions becomes increasingly important. From established giants to rising stars, each of the selected cryptocurrencies has unique features, potential for growth, and a compelling narrative that makes them noteworthy in the current market.
1. Bitcoin (BTC)
Bitcoin, a decentralized peer-to-peer cryptocurrency, was first conceptualized in 2008 and officially launched in early 2009. The pseudonymous creator, Satoshi Nakamoto, remains unidentified to this day. Bitcoin revolutionized the digital currency landscape by introducing the innovative concept of a blockchain, offering a highly secure and fully decentralized form of currency.
Its implementation of Proof-of-Work ensures the integrity of transaction history, making it exceptionally challenging to manipulate or duplicate coin transactions. The network’s security is maintained by miners, who earn BTC as rewards for contributing to the expansion of the Bitcoin blockchain through block additions.
Despite the emergence of numerous cryptocurrencies and blockchain platforms following Bitcoin, BTC continues to maintain its status as the largest cryptocurrency by market capitalization and emerges as the best crypto to buy now. As per recent reports, BlackRock anticipates the approval of its Bitcoin spot ETF application by the SEC on Wednesday, January 10.
The report further notes that other companies seeking approval for a Bitcoin spot ETF are also optimistic about the outcome. Various companies putting forth their Bitcoin ETF offerings have disclosed the fees they intend to levy on investors. Regarding BTC price performance, Bitcoin has been on an upward trajectory, nearing the $47,000 threshold. Naturally, if the approval of a Bitcoin spot ETF is imminent, heightened volatility in the market can be anticipated.
2. Ethereum (ETH)
Ethereum, a blockchain designed to facilitate smart contracts, empowers intricate applications such as decentralized lending protocols and non-fungible tokens (NFTs). Initiated by Vitalik Buterin, the Ethereum project saw the publication of its whitepaper in late 2013, followed by the blockchain’s launch in July 2015.
Presently, Ethereum boasts a dynamic ecosystem of decentralized applications spanning decentralized financial services, NFT marketplaces, publishing platforms, decentralized cryptocurrency exchanges, and beyond. In our view, this diverse landscape positions Ethereum as the best crypto to buy now. ETH serves as the intrinsic asset on the Ethereum blockchain, motivating users to contribute to network security.
Initially employing a Proof-of-Work consensus mechanism, Ethereum transitioned to Proof-of-Stake in September 2022. Developers within the Ethereum community have set January 17, 2024, as the targeted date for launching the Dencun upgrade on the testnet. The chosen testnet for the upgrade is Goerli, scheduled at epoch 231680. Tim Beiko from the Ethereum Foundation indicates that testnet clients supporting the update are expected to release around January 10.
As of now, the tentative timeline for the Dencun upgrade on the Ethereum mainnet is late February. However, Ethereum developers have not established a definitive deadline yet. This upgrade is set to incorporate five Ethereum Improvement Proposals (EIPs) and marks the first significant enhancement to the Ethereum mainnet since the Shapella upgrade. Launched in April of the current year, Shapella enabled users to withdraw staked ETH.
3. Arbitrum (ARB)
Arbitrum is a layer 2 solution built on optimistic rollups technology for the Ethereum network. The primary objective of the Arbitrum platform is to provide users with faster and more cost-effective transactions, all while leveraging the robust security of the Ethereum network. While relatively new in the cryptocurrency domain, the Arbitrum platform has swiftly emerged as a major player in the DeFi ecosystem, boasting one of the highest Total Value Locked (TVL) among blockchains.
Arbitrum maintains its dominance in the Ethereum Layer 2 realm, commanding a substantial 49.8% market share, as reported by the layer 2 aggregator L2Beat. The platform’s TVL has experienced a consistent uptrend since mid-October of the previous year, currently standing at $9.79 billion. This makes ARB be listed as one of the best crypto to buy now.
In a recent development, the Arbitrum project has implemented a feature allowing projects utilizing Arbitrum Orbit custom blockchains to employ custom gas tokens. Notable projects already leveraging custom tokens for their Arbitrum Orbit chains include XAI (Binance Launchpool’s latest project), Caldera, AltLayer, and Conduit.
Simultaneously, the second phase of the Arbitrum Foundation’s grant program has commenced, aiming to offer financial support to projects developing decentralized applications on the Arbitrum platform. These projects encompass areas such as gaming, decentralized physical infrastructure networks (DePIN), NFTs, social media, and beyond. Notably, Arbitrum’s ARB token has demonstrated robust performance, registering a 46.60% gain over the past 30 days.
4. Solana (SOL)
Solana stands out as a smart contracts platform distinguished by its distinctive architecture, enabling it to handle thousands of transactions per second at remarkably low costs. This efficiency is realized through the utilization of a distinctive Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. The native SOL token is recognized for its cost-effectiveness, with users typically paying less than $0.001 per transaction, making it one of the most economical cryptocurrencies for transfers in the market.
Despite experiencing a significant decline in value during the 2022 bear market, Solana maintains one of the most remarkable ecosystems in the cryptocurrency industry and emerges as one of the best crypto to buy now. Solana remains a standout performer in the cryptocurrency market, witnessing a recent 32.59% increase over the past 30 days. This positive momentum aligns with a series of favorable announcements and fundamental developments.
A clear testament to Solana’s current momentum is the substantial trading activity on its decentralized exchanges, amounting to $10.1 billion in the past 7 days. Notably, this figure surpasses the trading volume generated by decentralized exchanges on Ethereum during the same period, which stood at $8.8 billion. This achievement is particularly noteworthy considering that the market capitalization of SOL is approximately eight times smaller than that of ETH.
Discussing market capitalization, SOL has surpassed XRP, securing the 5th position in the cryptocurrency market rankings. It is currently within reach of BNB, hinting at the possibility of ascending to the 4th spot soon. In parallel developments, Trezor, a prominent hardware cryptocurrency wallet manufacturer, has recently added support for SOL and tokens following Solana’s SPL token standard.
5. XRP
XRP facilitates swift and economical transfers, rendering it well-suited for applications such as remittances. Unlike relying on either Proof-of-Work or Proof-of-Stake, XRP employs the XRP Ledger Consensus Protocol. Participants within the XRP network have the autonomy to select a set of validators they deem trustworthy. Ripple has seamlessly integrated the XRP cryptocurrency into its products, with On-Demand Liquidity (ODL) being a notable example.
Collaborating with cryptocurrency exchanges, ODL utilizes XRP to facilitate efficient cross-border money transfers. XRP has experienced a notable surge lately, with a 26% gain over the past week, reaching its highest price point since July and surpassing BNB in market capitalization. While this uptrend might suggest a potential overextension and the likelihood of a price correction, it’s crucial to note that the recent rally follows several positive developments associated with Ripple and XRP.
In October, the SEC dropped its claims against key Ripple executives Brad Garlinghouse and Chris Larsen, despite the ongoing legal battle between the regulator and the Ripple company itself. In recent developments, Ripple has entered into a partnership with the National Bank of Georgia to supply the technology supporting a pilot program for a central bank digital currency (CBDC).
The pilot project, known as Digital Lari, will utilize the Ripple CBDC Platform. Additionally, XRP has gained acknowledgment from the Dubai Financial Services Authority and received approval for utilization within the Dubai International Financial Centre (DIFC). Overall, XRP has been witnessing many positive developments and this makes it one of the best crypto to buy now.
6. BNB
BNB, introduced by the Binance cryptocurrency exchange in 2017, functions in two key capacities. Token holders enjoy exclusive privileges when utilizing Binance, such as reduced trading fees, participation in the exchange’s Launchpad and Launchpool programs, cashback on Binance Visa card transactions, and additional benefits.
Additionally, the token operates as the native asset on the BNB Chain blockchain. BNB Chain, a derivative of Ethereum, provides users with considerably lower transaction fees and enables developers to seamlessly deploy EVM-compatible decentralized applications. Formerly identified as Binance Coin, BNB has undergone an extensive rebranding.
As BNB is the sole non-stablecoin cryptocurrency eligible for Launchpool staking, the Launchpool announcements have markedly heightened the demand for BNB. As of the current writing, BNB demonstrates a 25.07% surge in the last 30 days. As we have approached mid-January, BNB has emerged as one of the best crypto to buy now.
Through Binance Launchpool, individuals have the opportunity to stake their BNB and earn tokens from upcoming blockchain projects. The flexibility to unstake BNB at any time allows users to receive additional tokens as a beneficial incentive while assuming relatively low risk—holding BNB or stablecoins throughout the staking period. It would be prudent to monitor Binance in the upcoming days to determine if they announce another Launchpool or perhaps introduce a new Launchpad program.
7. Cosmos (ATOM)
Cosmos is a network specifically crafted to enable seamless interoperability among diverse blockchain platforms. Central to the Cosmos network is the Cosmos Hub, which operates on a Proof-of-Stake blockchain model. The Cosmos Hub is strategically structured to foster connections not only within the Cosmos ecosystem but also with external blockchains such as Bitcoin and Ethereum.
Communication among the various blockchains within Cosmos is facilitated by a protocol known as IBC (Inter-Blockchain Communication). Cosmos features its native asset called ATOM. Users have the option to stake their ATOM tokens, contributing to the network’s security while earning staking rewards and a share of collected transaction fees. The Cosmos community has endorsed a proposal to limit the inflation rate of the ATOM token to 10%.
Presently, the inflation rate hovers around 14%, with the cap established at 20%. Upon implementation, the proposal will decrease the influx of new ATOM tokens into circulation. However, it will also lead to a reduction in the Annual Percentage Rate (APR) for staking ATOM tokens, decreasing from approximately 19% to around 13.4%.
As per the proposal, research findings suggest that the Cosmos Hub blockchain is currently overspending on its security measures. The proposal further contends that diminishing the inflation of ATOM could yield favorable impacts on decentralized finance protocols and money markets within the Cosmos ecosystem. All these positive developments make ATOM one of the best crypto to buy now.
8. Litecoin (LTC)
Litecoin, an established cryptocurrency, made its debut in October 2011, ranking among the earliest “altcoins” in the market. Initially, Litecoin closely mirrored Bitcoin, essentially emerging as a modified version of Bitcoin’s codebase. With a maximum coin supply of 84 million, Litecoin’s cap is four times larger than that of Bitcoin. Notably, it targets a block time of 2.5 minutes, making it four times faster than Bitcoin’s block time.
Similar to Bitcoin, Litecoin employs Proof-of-Work to achieve consensus on its ledger state, but it distinguishes itself by utilizing the scrypt hash function instead of Bitcoin’s SHA-256 hash function. In the preceding months, Litecoin has demonstrated robust performance, with traders strategically amassing LTC holdings in anticipation of new developments.
Since the beginning of the year, LTC has witnessed a remarkable increase of 38% and presently holds the position of the 11th largest digital currency by market capitalization, emerging as one of the best crypto to buy now. In addition, there’s a notable surge in the institutional investor narrative within the crypto sphere.
In recent weeks, prominent firms like Blackrock and Fidelity, among others, have submitted applications for Bitcoin spot ETFs, indicating a recognition of cryptocurrencies as integral to their long-term strategies. Amid this growing institutional interest, LTC has gained further visibility by being listed on the EDX Markets exchange, one of four cryptocurrencies featured on the platform.
9. Shiba Inu (SHIB)
Shiba Inu, a meme cryptocurrency introduced in 2020 by an individual using the pseudonym “Ryoshi,” draws significant inspiration from the Dogecoin (DOGE) cryptocurrency and incorporates the Shiba Inu dog breed in its branding. Diverging from Dogecoin, which operates on its own blockchain, Shiba Inu is created as an ERC-20 token on the Ethereum blockchain.
Where to Buy Shiba Inu (SHIB)
In 2021, SHIB experienced a notable surge in popularity, securing the position of the second-largest meme coin by market capitalization, surpassed only by Dogecoin. Furthermore, SHIB has gained prominence as one of the leading penny cryptocurrencies currently. The Shiba Inu project’s team is actively pursuing the acquisition of the .shib Top-Level Domain (TLD).
TLDs, like .com, .org, .net, and .io, play a crucial role in categorizing websites based on factors such as use case and geographical location. Collaborating with the Web3 domain project D3, the Shiba Inu team is actively working towards securing the .shib TLD. The significance of incorporating .shib into the global Domain Name System extends beyond aesthetic website appearances.
Successfully acquiring the .shib domain could pave the way for websites, personalized usernames, and even email addresses culminating in .shib. In addition, the SHIB team has been consistently enhancing the Shiba Inu token burning mechanism. This development is expected to inject positive momentum into the SHIB price, making it one of the best crypto to buy now.
10. Uniswap (UNI)
Uniswap, a decentralized cryptocurrency exchange, pioneered the AMM (automated market maker) model, revolutionizing the traditional exchange process. By eliminating the requirement for order books, this distinctive design offers a seamless method for directly swapping various tokens on the blockchain without dependence on intermediaries.
Uniswap Price Prediction
The governance of Uniswap lies in the hands of UNI token holders, enabling them to propose and vote on various matters. UNI tokens were distributed to previous users of the Uniswap protocol through an airdrop in 2020, and currently, the token is accessible for acquisition on numerous decentralized and centralized trading platforms.
The Uniswap protocol achieved a new milestone with a record daily trading volume of $11.84 billion, nearly doubling its previous highest daily volume. This surge occurred as users flocked to trade USDC, the prominent stablecoin that faced challenges following the weekend’s Silicon Valley Bank failure. The significance of this failure to USDC lies in Circle, a major issuer of the stablecoin, revealing that approximately $3.3 billion of the total $40 billion supporting USDC is held at Silicon Valley Bank.
The substantial increase in trading volume highlights the Uniswap protocol as a vital component of the crypto market infrastructure, demonstrating its capability to efficiently manage significant volumes even in times of market turbulence. All in all, UNI is expected to grow in terms of price and emerge as one of the best crypto to buy now.
Conclusion
As we navigate through January 2024, the crypto market presents a dynamic landscape with various promising options. From established leaders like Bitcoin (BTC) and Ethereum (ETH) to emerging players such as Arbitrum (ARB) and Solana (SOL), each cryptocurrency discussed in this article has its unique strengths and potential for growth.
However, it’s essential to note that the crypto market is inherently volatile. In navigating this diverse crypto landscape, investors should conduct thorough research, stay abreast of market developments, and align their decisions with individual risk preferences. The volatility inherent in the crypto market underscores the importance of a cautious and informed approach as we explore the opportunities of 2024.
Frequently Asked Questions (FAQs)
What is the best crypto to buy right now?
While the best crypto to buy now may vary based on individual risk tolerance, investment goals, and market conditions, popular choices include Bitcoin (BTC), Ethereum (ETH), and emerging options like Solana (SOL) or Arbitrum (ARB). It’s crucial to conduct thorough research, consider personal investment objectives, and stay informed about market trends before making any investment decisions.
In this article, we embark on a journey to explore the 10 best cryptocurrencies that stand out as promising picks for January 2024. As the crypto market continues to mature and diversify, making informed decisions becomes increasingly important. From established giants to rising stars, each of the selected cryptocurrencies has unique features, potential for growth, and a compelling narrative that makes them noteworthy in the current market.
1. Bitcoin (BTC)
Bitcoin, a decentralized peer-to-peer cryptocurrency, was first conceptualized in 2008 and officially launched in early 2009. The pseudonymous creator, Satoshi Nakamoto, remains unidentified to this day. Bitcoin revolutionized the digital currency landscape by introducing the innovative concept of a blockchain, offering a highly secure and fully decentralized form of currency.
Its implementation of Proof-of-Work ensures the integrity of transaction history, making it exceptionally challenging to manipulate or duplicate coin transactions. The network’s security is maintained by miners, who earn BTC as rewards for contributing to the expansion of the Bitcoin blockchain through block additions.
Despite the emergence of numerous cryptocurrencies and blockchain platforms following Bitcoin, BTC continues to maintain its status as the largest cryptocurrency by market capitalization and emerges as the best crypto to buy now. As per recent reports, BlackRock anticipates the approval of its Bitcoin spot ETF application by the SEC on Wednesday, January 10.
The report further notes that other companies seeking approval for a Bitcoin spot ETF are also optimistic about the outcome. Various companies putting forth their Bitcoin ETF offerings have disclosed the fees they intend to levy on investors. Regarding BTC price performance, Bitcoin has been on an upward trajectory, nearing the $47,000 threshold. Naturally, if the approval of a Bitcoin spot ETF is imminent, heightened volatility in the market can be anticipated.
2. Ethereum (ETH)
Ethereum, a blockchain designed to facilitate smart contracts, empowers intricate applications such as decentralized lending protocols and non-fungible tokens (NFTs). Initiated by Vitalik Buterin, the Ethereum project saw the publication of its whitepaper in late 2013, followed by the blockchain’s launch in July 2015.
Presently, Ethereum boasts a dynamic ecosystem of decentralized applications spanning decentralized financial services, NFT marketplaces, publishing platforms, decentralized cryptocurrency exchanges, and beyond. In our view, this diverse landscape positions Ethereum as the best crypto to buy now. ETH serves as the intrinsic asset on the Ethereum blockchain, motivating users to contribute to network security.
Initially employing a Proof-of-Work consensus mechanism, Ethereum transitioned to Proof-of-Stake in September 2022. Developers within the Ethereum community have set January 17, 2024, as the targeted date for launching the Dencun upgrade on the testnet. The chosen testnet for the upgrade is Goerli, scheduled at epoch 231680. Tim Beiko from the Ethereum Foundation indicates that testnet clients supporting the update are expected to release around January 10.
As of now, the tentative timeline for the Dencun upgrade on the Ethereum mainnet is late February. However, Ethereum developers have not established a definitive deadline yet. This upgrade is set to incorporate five Ethereum Improvement Proposals (EIPs) and marks the first significant enhancement to the Ethereum mainnet since the Shapella upgrade. Launched in April of the current year, Shapella enabled users to withdraw staked ETH.
3. Arbitrum (ARB)
Arbitrum is a layer 2 solution built on optimistic rollups technology for the Ethereum network. The primary objective of the Arbitrum platform is to provide users with faster and more cost-effective transactions, all while leveraging the robust security of the Ethereum network. While relatively new in the cryptocurrency domain, the Arbitrum platform has swiftly emerged as a major player in the DeFi ecosystem, boasting one of the highest Total Value Locked (TVL) among blockchains.
Arbitrum maintains its dominance in the Ethereum Layer 2 realm, commanding a substantial 49.8% market share, as reported by the layer 2 aggregator L2Beat. The platform’s TVL has experienced a consistent uptrend since mid-October of the previous year, currently standing at $9.79 billion. This makes ARB be listed as one of the best crypto to buy now.
In a recent development, the Arbitrum project has implemented a feature allowing projects utilizing Arbitrum Orbit custom blockchains to employ custom gas tokens. Notable projects already leveraging custom tokens for their Arbitrum Orbit chains include XAI (Binance Launchpool’s latest project), Caldera, AltLayer, and Conduit.
Simultaneously, the second phase of the Arbitrum Foundation’s grant program has commenced, aiming to offer financial support to projects developing decentralized applications on the Arbitrum platform. These projects encompass areas such as gaming, decentralized physical infrastructure networks (DePIN), NFTs, social media, and beyond. Notably, Arbitrum’s ARB token has demonstrated robust performance, registering a 46.60% gain over the past 30 days.
4. Solana (SOL)
Solana stands out as a smart contracts platform distinguished by its distinctive architecture, enabling it to handle thousands of transactions per second at remarkably low costs. This efficiency is realized through the utilization of a distinctive Proof-of-History algorithm and a Proof-of-Stake consensus mechanism. The native SOL token is recognized for its cost-effectiveness, with users typically paying less than $0.001 per transaction, making it one of the most economical cryptocurrencies for transfers in the market.
Despite experiencing a significant decline in value during the 2022 bear market, Solana maintains one of the most remarkable ecosystems in the cryptocurrency industry and emerges as one of the best crypto to buy now. Solana remains a standout performer in the cryptocurrency market, witnessing a recent 32.59% increase over the past 30 days. This positive momentum aligns with a series of favorable announcements and fundamental developments.
A clear testament to Solana’s current momentum is the substantial trading activity on its decentralized exchanges, amounting to $10.1 billion in the past 7 days. Notably, this figure surpasses the trading volume generated by decentralized exchanges on Ethereum during the same period, which stood at $8.8 billion. This achievement is particularly noteworthy considering that the market capitalization of SOL is approximately eight times smaller than that of ETH.
Discussing market capitalization, SOL has surpassed XRP, securing the 5th position in the cryptocurrency market rankings. It is currently within reach of BNB, hinting at the possibility of ascending to the 4th spot soon. In parallel developments, Trezor, a prominent hardware cryptocurrency wallet manufacturer, has recently added support for SOL and tokens following Solana’s SPL token standard.
5. XRP
XRP facilitates swift and economical transfers, rendering it well-suited for applications such as remittances. Unlike relying on either Proof-of-Work or Proof-of-Stake, XRP employs the XRP Ledger Consensus Protocol. Participants within the XRP network have the autonomy to select a set of validators they deem trustworthy. Ripple has seamlessly integrated the XRP cryptocurrency into its products, with On-Demand Liquidity (ODL) being a notable example.
Collaborating with cryptocurrency exchanges, ODL utilizes XRP to facilitate efficient cross-border money transfers. XRP has experienced a notable surge lately, with a 26% gain over the past week, reaching its highest price point since July and surpassing BNB in market capitalization. While this uptrend might suggest a potential overextension and the likelihood of a price correction, it’s crucial to note that the recent rally follows several positive developments associated with Ripple and XRP.
In October, the SEC dropped its claims against key Ripple executives Brad Garlinghouse and Chris Larsen, despite the ongoing legal battle between the regulator and the Ripple company itself. In recent developments, Ripple has entered into a partnership with the National Bank of Georgia to supply the technology supporting a pilot program for a central bank digital currency (CBDC).
The pilot project, known as Digital Lari, will utilize the Ripple CBDC Platform. Additionally, XRP has gained acknowledgment from the Dubai Financial Services Authority and received approval for utilization within the Dubai International Financial Centre (DIFC). Overall, XRP has been witnessing many positive developments and this makes it one of the best crypto to buy now.
6. BNB
BNB, introduced by the Binance cryptocurrency exchange in 2017, functions in two key capacities. Token holders enjoy exclusive privileges when utilizing Binance, such as reduced trading fees, participation in the exchange’s Launchpad and Launchpool programs, cashback on Binance Visa card transactions, and additional benefits.
Additionally, the token operates as the native asset on the BNB Chain blockchain. BNB Chain, a derivative of Ethereum, provides users with considerably lower transaction fees and enables developers to seamlessly deploy EVM-compatible decentralized applications. Formerly identified as Binance Coin, BNB has undergone an extensive rebranding.
As BNB is the sole non-stablecoin cryptocurrency eligible for Launchpool staking, the Launchpool announcements have markedly heightened the demand for BNB. As of the current writing, BNB demonstrates a 25.07% surge in the last 30 days. As we have approached mid-January, BNB has emerged as one of the best crypto to buy now.
Through Binance Launchpool, individuals have the opportunity to stake their BNB and earn tokens from upcoming blockchain projects. The flexibility to unstake BNB at any time allows users to receive additional tokens as a beneficial incentive while assuming relatively low risk—holding BNB or stablecoins throughout the staking period. It would be prudent to monitor Binance in the upcoming days to determine if they announce another Launchpool or perhaps introduce a new Launchpad program.
7. Cosmos (ATOM)
Cosmos is a network specifically crafted to enable seamless interoperability among diverse blockchain platforms. Central to the Cosmos network is the Cosmos Hub, which operates on a Proof-of-Stake blockchain model. The Cosmos Hub is strategically structured to foster connections not only within the Cosmos ecosystem but also with external blockchains such as Bitcoin and Ethereum.
Communication among the various blockchains within Cosmos is facilitated by a protocol known as IBC (Inter-Blockchain Communication). Cosmos features its native asset called ATOM. Users have the option to stake their ATOM tokens, contributing to the network’s security while earning staking rewards and a share of collected transaction fees. The Cosmos community has endorsed a proposal to limit the inflation rate of the ATOM token to 10%.
Presently, the inflation rate hovers around 14%, with the cap established at 20%. Upon implementation, the proposal will decrease the influx of new ATOM tokens into circulation. However, it will also lead to a reduction in the Annual Percentage Rate (APR) for staking ATOM tokens, decreasing from approximately 19% to around 13.4%.
As per the proposal, research findings suggest that the Cosmos Hub blockchain is currently overspending on its security measures. The proposal further contends that diminishing the inflation of ATOM could yield favorable impacts on decentralized finance protocols and money markets within the Cosmos ecosystem. All these positive developments make ATOM one of the best crypto to buy now.
8. Litecoin (LTC)
Litecoin, an established cryptocurrency, made its debut in October 2011, ranking among the earliest “altcoins” in the market. Initially, Litecoin closely mirrored Bitcoin, essentially emerging as a modified version of Bitcoin’s codebase. With a maximum coin supply of 84 million, Litecoin’s cap is four times larger than that of Bitcoin. Notably, it targets a block time of 2.5 minutes, making it four times faster than Bitcoin’s block time.
Similar to Bitcoin, Litecoin employs Proof-of-Work to achieve consensus on its ledger state, but it distinguishes itself by utilizing the scrypt hash function instead of Bitcoin’s SHA-256 hash function. In the preceding months, Litecoin has demonstrated robust performance, with traders strategically amassing LTC holdings in anticipation of new developments.
Since the beginning of the year, LTC has witnessed a remarkable increase of 38% and presently holds the position of the 11th largest digital currency by market capitalization, emerging as one of the best crypto to buy now. In addition, there’s a notable surge in the institutional investor narrative within the crypto sphere.
In recent weeks, prominent firms like Blackrock and Fidelity, among others, have submitted applications for Bitcoin spot ETFs, indicating a recognition of cryptocurrencies as integral to their long-term strategies. Amid this growing institutional interest, LTC has gained further visibility by being listed on the EDX Markets exchange, one of four cryptocurrencies featured on the platform.
9. Shiba Inu (SHIB)
Shiba Inu, a meme cryptocurrency introduced in 2020 by an individual using the pseudonym “Ryoshi,” draws significant inspiration from the Dogecoin (DOGE) cryptocurrency and incorporates the Shiba Inu dog breed in its branding. Diverging from Dogecoin, which operates on its own blockchain, Shiba Inu is created as an ERC-20 token on the Ethereum blockchain.
Where to Buy Shiba Inu (SHIB)
In 2021, SHIB experienced a notable surge in popularity, securing the position of the second-largest meme coin by market capitalization, surpassed only by Dogecoin. Furthermore, SHIB has gained prominence as one of the leading penny cryptocurrencies currently. The Shiba Inu project’s team is actively pursuing the acquisition of the .shib Top-Level Domain (TLD).
TLDs, like .com, .org, .net, and .io, play a crucial role in categorizing websites based on factors such as use case and geographical location. Collaborating with the Web3 domain project D3, the Shiba Inu team is actively working towards securing the .shib TLD. The significance of incorporating .shib into the global Domain Name System extends beyond aesthetic website appearances.
Successfully acquiring the .shib domain could pave the way for websites, personalized usernames, and even email addresses culminating in .shib. In addition, the SHIB team has been consistently enhancing the Shiba Inu token burning mechanism. This development is expected to inject positive momentum into the SHIB price, making it one of the best crypto to buy now.
10. Uniswap (UNI)
Uniswap, a decentralized cryptocurrency exchange, pioneered the AMM (automated market maker) model, revolutionizing the traditional exchange process. By eliminating the requirement for order books, this distinctive design offers a seamless method for directly swapping various tokens on the blockchain without dependence on intermediaries.
Uniswap Price Prediction
The governance of Uniswap lies in the hands of UNI token holders, enabling them to propose and vote on various matters. UNI tokens were distributed to previous users of the Uniswap protocol through an airdrop in 2020, and currently, the token is accessible for acquisition on numerous decentralized and centralized trading platforms.
The Uniswap protocol achieved a new milestone with a record daily trading volume of $11.84 billion, nearly doubling its previous highest daily volume. This surge occurred as users flocked to trade USDC, the prominent stablecoin that faced challenges following the weekend’s Silicon Valley Bank failure. The significance of this failure to USDC lies in Circle, a major issuer of the stablecoin, revealing that approximately $3.3 billion of the total $40 billion supporting USDC is held at Silicon Valley Bank.
The substantial increase in trading volume highlights the Uniswap protocol as a vital component of the crypto market infrastructure, demonstrating its capability to efficiently manage significant volumes even in times of market turbulence. All in all, UNI is expected to grow in terms of price and emerge as one of the best crypto to buy now.
Conclusion
As we navigate through January 2024, the crypto market presents a dynamic landscape with various promising options. From established leaders like Bitcoin (BTC) and Ethereum (ETH) to emerging players such as Arbitrum (ARB) and Solana (SOL), each cryptocurrency discussed in this article has its unique strengths and potential for growth.
However, it’s essential to note that the crypto market is inherently volatile. In navigating this diverse crypto landscape, investors should conduct thorough research, stay abreast of market developments, and align their decisions with individual risk preferences. The volatility inherent in the crypto market underscores the importance of a cautious and informed approach as we explore the opportunities of 2024.
Frequently Asked Questions (FAQs)
What is the best crypto to buy right now?
While the best crypto to buy now may vary based on individual risk tolerance, investment goals, and market conditions, popular choices include Bitcoin (BTC), Ethereum (ETH), and emerging options like Solana (SOL) or Arbitrum (ARB). It’s crucial to conduct thorough research, consider personal investment objectives, and stay informed about market trends before making any investment decisions.
Shiba Inu
LIVELuxury Royal Coin LRCO
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Shiba Inu подает зеленые сигналы: чего ждать от SHIB в ближайшие дни.
Shiba Inu подает зеленые сигналы: чего ждать от SHIB в ближайшие дни.Цена Shiba Inu подтвердила долгосрочную нисходящую линию тренда сопротивленияПоказания недельного и дневного таймфреймов склоняются к бычьему трендуОтскок в район $0,0000092 будет означать начало ралли.8 января цена Shiba Inu (SHIB) сформировала бычью свечу, избежав пробоя горизонтальной области поддержки.Разбираемся, есть ли у мемкоина шансы на продолжение роста.Shiba Inu отскакивает от предыдущего сопротивленияТехнический анализ недельного таймфрейма показывает, что с августа 2022 года цена SHIB опустилась под нисходящую линию тренда сопротивления. Падение привело к достижению минимума в $0,0000054 в июне 2023 года.После нескольких неудачных попыток прорыва Shiba Inu наконец поднялcя выше нисходящей линии тренда сопротивления. На тот момент сопротивление просуществовало чуть более 480 дней.После прорыва цена достигла максимума в $0,000011 и снова начала падать. Однако на прошлой неделе SHIB подтвердил линию тренда в качестве поддержки и отскочил.Индекс относительной силы (RSI) поддерживает продолжение роста. Индикатор находится выше 50, что свидетельствует о бычьем тренде.Прогноз цены SHIB: начался ли разворотВ то время как недельный график является решительно бычьим, дневной график лишь склоняется к положительной динамике.Ценовое действие показывает, что SHIB торгуется внутри восходящего параллельного канала с июня 2022 года. Движение в пределах паттерна привело к достижению максимума в $0,0000119 17 декабря 2023 года. Рост подтвердил линию сопротивления канала и положил начало нисходящему движению.Во время снижения цена мемкоина опустилась ниже средней линии канала, а RSI упал ниже 50. Однако 8 января Shiba Inu сформировал бычью свечу, поднявшись выше незначительной поддержки $0,0000092. Если актив удержится выше данного уровня, он может вырасти на 27% до линии сопротивления канала на отметке $0,0000123Однако закрытие ниже $0,0000092 сделает продолжающийся отскок недействительным. В таком случае SHIB ожидает падение на 22% до поддержки канала на уровне $0,0000077.#ShibaBurns #LRCO #LRCO-NFT #ShibaInu代币都必须用用户自己的美元购买。他表示，即使是狗狗币团队在想要销毁时也会购买狗狗币。 #ShibaInuInWeb3 $SHIB $PEPE $DOGE
Really ?
LIVECoinEdition
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Memecoin Rally: PEPE, SHIB, and BONK Rally Post Bitcoin ETF Approval
PEPE leaps over 20%, riding the Bitcoin ETF wave for massive gains in the meme coin market.
SHIB attracts a whale investor who purchases 136.86B SHIB, highlighting growing confidence in meme coins.
BONK’s market cap hits $1.04B with a 10% surge, emerging as a key player in the bullish meme coin rally.
Pepe (PEPE), Shiba Inu (SHIB), and Bonk (BONK) have shown remarkable growth in the cryptocurrency market following the U.S. Securities and Exchange Commission’s (SEC) recent approval of Bitcoin ETFs. This event marks a significant stride in the acceptance and mainstream adoption of digital assets.
Pepe (PEPE) Shows Strong Performance
PEPE, a meme coin inspired by the popular internet frog, has leaped 23% in the last 24 hours, signaling a vibrant upturn in the meme coin sector. This surge aligns with the broader market response to the SEC’s nod to Bitcoin ETFs, a decision positively impacting the crypto universe.
PEPE/USD 24-hour price chart (source: CoinStats)
PEPE’s trading session today highlighted a steady rise from $0.000001, with a current position at $0.000001442. This uptick reflects a 15% increase over the past day and a 20% gain over the last 24 hours.
Shiba Inu (SHIB) Attracts New Whale Investors
In a related development, SHIB, another prominent meme coin, witnessed a significant purchase by a new whale wallet, acquiring 136.86 billion SHIB, valued at approximately $1.38 million. The interest from heavyweight investors in SHIB underscores the growing confidence in meme coins.
SHIB/USD 24-hour price chart (source: CoinStats)
Attributable to the whale transaction is the SHIB’s price trend, which has notably eliminated a zero, soaring by 12.82% to $0.00001047, a spike fueled by the overall positive sentiment in the crypto market.
Bonk (BONK) Rides the Bullish Wave
BONK, a newer entrant in the meme coin space, has not been left behind in this rally. Its price has surged 10% in the past 24 hours, reaching $0.00001625. During the rally, BONK’s market capitalization soared by 15.09% to $1.04 billion, reflecting the growing interest and investment in the coin. This surge in price and market capitalization demonstrates investors’ increasing confidence and support, positioning BONK as a promising player in the meme coin market.
BONK/USD 24-hour price chart (source: CoinStats)
Moreover, a 33% surge over the past week in BONK’s recent performance and increased trading volume suggest a strong potential for further gains, especially if the SEC approves more Bitcoin ETFs.
The post Memecoin Rally: PEPE, SHIB, and BONK Rally Post Bitcoin ETF Approval appeared first on Coin Edition.
SHIB attracts a whale investor who purchases 136.86B SHIB, highlighting growing confidence in meme coins.
BONK’s market cap hits $1.04B with a 10% surge, emerging as a key player in the bullish meme coin rally.
Pepe (PEPE), Shiba Inu (SHIB), and Bonk (BONK) have shown remarkable growth in the cryptocurrency market following the U.S. Securities and Exchange Commission’s (SEC) recent approval of Bitcoin ETFs. This event marks a significant stride in the acceptance and mainstream adoption of digital assets.
Pepe (PEPE) Shows Strong Performance
PEPE, a meme coin inspired by the popular internet frog, has leaped 23% in the last 24 hours, signaling a vibrant upturn in the meme coin sector. This surge aligns with the broader market response to the SEC’s nod to Bitcoin ETFs, a decision positively impacting the crypto universe.
PEPE/USD 24-hour price chart (source: CoinStats)
PEPE’s trading session today highlighted a steady rise from $0.000001, with a current position at $0.000001442. This uptick reflects a 15% increase over the past day and a 20% gain over the last 24 hours.
Shiba Inu (SHIB) Attracts New Whale Investors
In a related development, SHIB, another prominent meme coin, witnessed a significant purchase by a new whale wallet, acquiring 136.86 billion SHIB, valued at approximately $1.38 million. The interest from heavyweight investors in SHIB underscores the growing confidence in meme coins.
SHIB/USD 24-hour price chart (source: CoinStats)
Attributable to the whale transaction is the SHIB’s price trend, which has notably eliminated a zero, soaring by 12.82% to $0.00001047, a spike fueled by the overall positive sentiment in the crypto market.
Bonk (BONK) Rides the Bullish Wave
BONK, a newer entrant in the meme coin space, has not been left behind in this rally. Its price has surged 10% in the past 24 hours, reaching $0.00001625. During the rally, BONK’s market capitalization soared by 15.09% to $1.04 billion, reflecting the growing interest and investment in the coin. This surge in price and market capitalization demonstrates investors’ increasing confidence and support, positioning BONK as a promising player in the meme coin market.
BONK/USD 24-hour price chart (source: CoinStats)
Moreover, a 33% surge over the past week in BONK’s recent performance and increased trading volume suggest a strong potential for further gains, especially if the SEC approves more Bitcoin ETFs.
The post Memecoin Rally: PEPE, SHIB, and BONK Rally Post Bitcoin ETF Approval appeared first on Coin Edition.
will Bitcoin go down ? #BTC #BitcoinPrice2024
LIVECryptopolitan
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What’s Behind Bitcoin’s Unexpected Drop in Price?
Bitcoin’s price, which had been on a bullish trajectory for much of 2023, experienced a sudden drop. This unexpected decline in Bitcoin’s value has left investors and market analysts pondering the factors that could have led to this downturn. Despite a buoyant U.S. economy and positive job reports, Bitcoin seems to be diverging from traditional market trends, raising questions about the underlying dynamics at play in the cryptocurrency market.
The Influence of ETF Rumors and Market Sentiment
One significant factor contributing to Bitcoin’s price drop is the speculation surrounding the approval of a spot Bitcoin ETF in the United States. Rumors of a potential denial by the U.S. Securities and Exchange Commission (SEC) coincided with a sharp 8% flash crash in Bitcoin’s price. This correlation between unconfirmed news and market response underscores the sensitivity of cryptocurrency prices to regulatory developments.
Despite a general lack of confidence among financial advisers regarding the approval of a spot Bitcoin ETF in 2024, the crypto community was abuzz with speculation that a decision from the SEC might come as early as January 5. When the expected approval did not materialize, Bitcoin’s price responded negatively, sparking new rounds of rumors and contributing to market volatility.
Market Mechanics and Profit-Taking
Another driving force behind Bitcoin’s price movement appears to be the dynamics of the Bitcoin futures market. The timing and magnitude of long liquidations in the futures market have been closely aligned with the rumors regarding the ETF decision. A spike in Bitcoin long liquidations of $2.1 million within a short span further intensified the price decline. This liquidation trend, coupled with a significant drop in Bitcoin trading volumes, suggests a lack of consistent liquidity and buying pressure in the market.
Additionally, a record number of Bitcoin wallets being in profit has led to increased de-risking and profit-taking activities among traders. This behavior, combined with the recent drop in trading volume, indicates a cautious approach by investors, potentially leading to further declines in Bitcoin’s price.
Looking Ahead: Bitcoin’s Resilience Amidst Uncertainty
Despite the immediate challenges faced by Bitcoin, there remains a strong sentiment among market participants that the cryptocurrency will recover in the long term. The growing interest and involvement of financial institutions in Bitcoin add to this optimism. However, it is evident that Bitcoin’s price continues to be influenced by macroeconomic events, regulatory actions, and the Federal Reserve’s monetary policy.
Bitcoin’s journey is reflective of the larger narrative within the cryptocurrency market – one that is heavily influenced by external factors, yet resilient in its core nature. As the market evolves, Bitcoin’s role as a digital asset continues to be shaped by a confluence of regulatory decisions, investor sentiment, and global economic trends.
In essence, the recent drop in Bitcoin’s price is a reminder of the inherent volatility and complexity of the cryptocurrency market. While short-term fluctuations may cause concern, the long-term outlook for Bitcoin remains promising, buoyed by increasing institutional interest and the potential for broader market integration. As investors navigate this landscape, the interplay between market sentiment, regulatory developments, and macroeconomic factors will continue to be pivotal in shaping Bitcoin’s trajectory.
The Influence of ETF Rumors and Market Sentiment
One significant factor contributing to Bitcoin’s price drop is the speculation surrounding the approval of a spot Bitcoin ETF in the United States. Rumors of a potential denial by the U.S. Securities and Exchange Commission (SEC) coincided with a sharp 8% flash crash in Bitcoin’s price. This correlation between unconfirmed news and market response underscores the sensitivity of cryptocurrency prices to regulatory developments.
Despite a general lack of confidence among financial advisers regarding the approval of a spot Bitcoin ETF in 2024, the crypto community was abuzz with speculation that a decision from the SEC might come as early as January 5. When the expected approval did not materialize, Bitcoin’s price responded negatively, sparking new rounds of rumors and contributing to market volatility.
Market Mechanics and Profit-Taking
Another driving force behind Bitcoin’s price movement appears to be the dynamics of the Bitcoin futures market. The timing and magnitude of long liquidations in the futures market have been closely aligned with the rumors regarding the ETF decision. A spike in Bitcoin long liquidations of $2.1 million within a short span further intensified the price decline. This liquidation trend, coupled with a significant drop in Bitcoin trading volumes, suggests a lack of consistent liquidity and buying pressure in the market.
Additionally, a record number of Bitcoin wallets being in profit has led to increased de-risking and profit-taking activities among traders. This behavior, combined with the recent drop in trading volume, indicates a cautious approach by investors, potentially leading to further declines in Bitcoin’s price.
Looking Ahead: Bitcoin’s Resilience Amidst Uncertainty
Despite the immediate challenges faced by Bitcoin, there remains a strong sentiment among market participants that the cryptocurrency will recover in the long term. The growing interest and involvement of financial institutions in Bitcoin add to this optimism. However, it is evident that Bitcoin’s price continues to be influenced by macroeconomic events, regulatory actions, and the Federal Reserve’s monetary policy.
Bitcoin’s journey is reflective of the larger narrative within the cryptocurrency market – one that is heavily influenced by external factors, yet resilient in its core nature. As the market evolves, Bitcoin’s role as a digital asset continues to be shaped by a confluence of regulatory decisions, investor sentiment, and global economic trends.
In essence, the recent drop in Bitcoin’s price is a reminder of the inherent volatility and complexity of the cryptocurrency market. While short-term fluctuations may cause concern, the long-term outlook for Bitcoin remains promising, buoyed by increasing institutional interest and the potential for broader market integration. As investors navigate this landscape, the interplay between market sentiment, regulatory developments, and macroeconomic factors will continue to be pivotal in shaping Bitcoin’s trajectory.
Can SHIB? Will high?
LIVETheNewsCrypto
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Shiba Inu (SHIB) Price Prediction, When Will It Reach $0.1? What Are the Other Better Alternative...
Shiba Inu (SHIB) has caught the attention of investors with its high buying interest, reached all-time high $0.00008616, Oct 27, 2021. Amidst the optimistic start to the new year, the projections for SHIB’s future price, including the prospect of reaching $0.1 per token, have ignited speculative discussions.
Shiba Inu (SHIB) Price Predictions
SHIB’s journey has been marked by parabolic moves, notably during the “meme coin mania” of late 2020. Predictions of SHIB reaching $0.1 have been circulating for some time, contributing to the ongoing speculative rally. Despite facing skepticism from some analysts, the $0.1 price target resurfaces as discussions around Shiba Inu gain momentum in 2024.
SHIB Price Chart (Source: TradingView )
A long position has already been initiated in anticipation of the breakout. Traders who have not entered yet can consider entering once the breakout above the resistance area at $0.000015 is confirmed. Our target for this trade setup is set at $0.000018, representing a favorable upside potential from the breakout level. This target indicates the projected price movement after the breakout occurs.To manage risk effectively, it is recommended to set a protective stop loss at $0.00000575. Placing the stop loss slightly below the breakout zone can help mitigate potential downside risks.At its current $0.000009725 level, SHIB would need a substantial increase to reach $0.1 per token. While the cryptocurrency market is known for its volatile nature, achieving such a monumental leap raises questions about the realistic feasibility of these projections. The analysis delves into the challenges and considerations associated with SHIB’s potential price trajectory.Examining potential catalysts, such as expanding utility into gaming and the metaverse, alongside continued retail interest, offers insights into the factors that could drive SHIB’s price upward. However, maintaining a measured approach and avoiding unrealistic expectations, particularly with projections of SHIB hitting $0.1, becomes crucial.Like many altcoins, Shiba Inu’s price movements often align with Bitcoin’s trends. While positive momentum in the overall crypto sector could propel SHIB upward, the unpredictable nature of the cryptocurrency market underscores the importance of balanced risk management. Investors are reminded to approach price predictions cautiously, recognizing the potential for volatility in this dynamic market.
Exploring Better Alternatives: SOL, RETIK, BONK
Solana (SOL)
Solana stands out as a robust alternative with a focus on scalability and efficiency. Its high throughput, low transaction costs, and a flourishing decentralized finance (DeFi) ecosystem make SOL an appealing choice. The analysis explores Solana’s potential for sustained growth and its position in the broader blockchain landscape.The project is recognized for its remarkable transaction speeds and minimal fees. Solana has captivated the attention of both traders and investors. Its adeptness in effortlessly managing high-demand applications has propelled it to the summit of the altcoin landscape. With its expanding share in the surge of open interest, SOL is reaffirming its standing as a top cryptocurrency to consider for those seeking a blend of outstanding performance and significant potential.
Retik Finance (RETIK)
Retik Finance introduces innovative features such as Futuristic DeFi Debit Cards, Smart Crypto Payment Gateway, and AI-Powered Peer-to-Peer (P2P) Lending. The ongoing presale success, community engagement, and commitment to user privacy make RETIK a compelling option in the evolving DeFi space. Retik Finance is revolutionizing financial accessibility and security with its innovative DeFi Debit Cards. These cards redefine traditional banking norms by enabling anonymous transactions, eliminating the need for Know Your Customer (KYC) procedures, and prioritizing user privacy. The Retik presale, structured in ten stages with incremental pricing, commences at $0.03 in the first stage and progresses to $0.04 in the second stage, $0.05 in the third, and so forth.Impressively, the ongoing presale has surpassed $5.6 million in the fourth stage, showcasing robust community support without reliance on Venture Capitalists (VCs). As a testament to user engagement, Retik Finance has launched an exciting $333,000 Giveaway, offering participants the opportunity to be one of ten winners to claim $33,300 worth of RETIK each.
Bonk Token (BONK)
Bonk Token represents a community-driven project with unique characteristics and a strong emphasis on decentralization. Examining its features, potential for growth, and community engagement provides insights into why BONK could be an interesting alternative investment.As investors navigate the dynamic landscape of cryptocurrencies in 2024, Shiba Inu’s trajectory remains a topic of intrigue and speculation. While the prospect of reaching $0.1 generates buzz, it’s essential to approach such predictions with caution, acknowledging the inherent uncertainties in the market.Exploring alternatives like Solana (SOL), Retik Finance (RETIK), and Bonk Token (BONK) offers a diversified perspective, allowing investors to consider innovative projects with unique features and potential for growth. The new year promises twists and turns in the crypto markets, emphasizing the importance of informed decision-making and strategic investment approaches.
About Retik Finance
Retik Finance emerges as a dynamic platform in the decentralized finance (DeFi) space, presenting a comprehensive platform that seeks to redefine the way users engage with digital assets. With a commitment to bridging the gap between the cryptocurrency realm and real-world utility, Retik Finance positions itself as a versatile solution catering to diverse decentralized financial needs.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Shiba Inu (SHIB) Price Predictions
SHIB’s journey has been marked by parabolic moves, notably during the “meme coin mania” of late 2020. Predictions of SHIB reaching $0.1 have been circulating for some time, contributing to the ongoing speculative rally. Despite facing skepticism from some analysts, the $0.1 price target resurfaces as discussions around Shiba Inu gain momentum in 2024.
SHIB Price Chart (Source: TradingView )
A long position has already been initiated in anticipation of the breakout. Traders who have not entered yet can consider entering once the breakout above the resistance area at $0.000015 is confirmed. Our target for this trade setup is set at $0.000018, representing a favorable upside potential from the breakout level. This target indicates the projected price movement after the breakout occurs.To manage risk effectively, it is recommended to set a protective stop loss at $0.00000575. Placing the stop loss slightly below the breakout zone can help mitigate potential downside risks.At its current $0.000009725 level, SHIB would need a substantial increase to reach $0.1 per token. While the cryptocurrency market is known for its volatile nature, achieving such a monumental leap raises questions about the realistic feasibility of these projections. The analysis delves into the challenges and considerations associated with SHIB’s potential price trajectory.Examining potential catalysts, such as expanding utility into gaming and the metaverse, alongside continued retail interest, offers insights into the factors that could drive SHIB’s price upward. However, maintaining a measured approach and avoiding unrealistic expectations, particularly with projections of SHIB hitting $0.1, becomes crucial.Like many altcoins, Shiba Inu’s price movements often align with Bitcoin’s trends. While positive momentum in the overall crypto sector could propel SHIB upward, the unpredictable nature of the cryptocurrency market underscores the importance of balanced risk management. Investors are reminded to approach price predictions cautiously, recognizing the potential for volatility in this dynamic market.
Exploring Better Alternatives: SOL, RETIK, BONK
Solana (SOL)
Solana stands out as a robust alternative with a focus on scalability and efficiency. Its high throughput, low transaction costs, and a flourishing decentralized finance (DeFi) ecosystem make SOL an appealing choice. The analysis explores Solana’s potential for sustained growth and its position in the broader blockchain landscape.The project is recognized for its remarkable transaction speeds and minimal fees. Solana has captivated the attention of both traders and investors. Its adeptness in effortlessly managing high-demand applications has propelled it to the summit of the altcoin landscape. With its expanding share in the surge of open interest, SOL is reaffirming its standing as a top cryptocurrency to consider for those seeking a blend of outstanding performance and significant potential.
Retik Finance (RETIK)
Retik Finance introduces innovative features such as Futuristic DeFi Debit Cards, Smart Crypto Payment Gateway, and AI-Powered Peer-to-Peer (P2P) Lending. The ongoing presale success, community engagement, and commitment to user privacy make RETIK a compelling option in the evolving DeFi space. Retik Finance is revolutionizing financial accessibility and security with its innovative DeFi Debit Cards. These cards redefine traditional banking norms by enabling anonymous transactions, eliminating the need for Know Your Customer (KYC) procedures, and prioritizing user privacy. The Retik presale, structured in ten stages with incremental pricing, commences at $0.03 in the first stage and progresses to $0.04 in the second stage, $0.05 in the third, and so forth.Impressively, the ongoing presale has surpassed $5.6 million in the fourth stage, showcasing robust community support without reliance on Venture Capitalists (VCs). As a testament to user engagement, Retik Finance has launched an exciting $333,000 Giveaway, offering participants the opportunity to be one of ten winners to claim $33,300 worth of RETIK each.
Bonk Token (BONK)
Bonk Token represents a community-driven project with unique characteristics and a strong emphasis on decentralization. Examining its features, potential for growth, and community engagement provides insights into why BONK could be an interesting alternative investment.As investors navigate the dynamic landscape of cryptocurrencies in 2024, Shiba Inu’s trajectory remains a topic of intrigue and speculation. While the prospect of reaching $0.1 generates buzz, it’s essential to approach such predictions with caution, acknowledging the inherent uncertainties in the market.Exploring alternatives like Solana (SOL), Retik Finance (RETIK), and Bonk Token (BONK) offers a diversified perspective, allowing investors to consider innovative projects with unique features and potential for growth. The new year promises twists and turns in the crypto markets, emphasizing the importance of informed decision-making and strategic investment approaches.
About Retik Finance
Retik Finance emerges as a dynamic platform in the decentralized finance (DeFi) space, presenting a comprehensive platform that seeks to redefine the way users engage with digital assets. With a commitment to bridging the gap between the cryptocurrency realm and real-world utility, Retik Finance positions itself as a versatile solution catering to diverse decentralized financial needs.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
