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Is $5000 Ethereum Price Possible In 2024? 🚀 $ETH With the crypto market again buzzing, there are questions about whether the Ethereum price can reach $5,000 this year, a price level that would mark a new all-time high for the crypto. However, ETH reaching $5,000 depends on some factors, which will be explored in this article. From a fundamental analysis perspective, several events and happenings support the ETH price reaching $5,000 this year. For instance, Ethereum’s co-founder Vitalik Buterin recently outlined a roadmap for key technical improvements to the network. Vitalik proposes lowering the staking requirement to one ETH. This will allow greater participation in the Ethereum network and make it more decentralized. Such development is also bullish for the Ethereum price as it will increase the number of ETH tokens staked, potentially leading to a supply shock as more coins get removed from circulation. Another factor that supports a price surge to $5,000 this year is that Ethereum whales are still bullish on ETH. Santiment data shows that these whales control over 44% of the crypto’s supply. This indicates that these investors anticipate that the ETH price will rise significantly in this market cycle. IntoTheBlock data also shows that these whales have been actively accumulating ETH even when the price remained tepid. The large holders’ netflow has surged by almost 50% in the last seven days, indicating that whales are withdrawing more ETH from exchanges than they are depositing. Withdrawals from exchanges suggest they are looking to hold for the long term. #ETH🔥🔥🔥🔥 #priceprediction #analysis
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Bitcoin Exceeds $67,000 Level Again: What Do Altcoins Expect? $BTC 🧧🧧🧧 Bitcoin has reached an important milestone for investors, surpassing $67,000 as of last minute. This move came after 78 days of waiting and could herald a new momentum in the crypto markets. After more than two months, Bitcoin's rise to the $67,000 level again points to significant changes in market dynamics. This rise increased confidence among cryptocurrency investors, creating a positive atmosphere in the market. Possible Scenarios for Altcoins Bitcoin's strong performance has the potential to have positive effects on altcoins as well. Investors can expect appreciations in altcoins if Bitcoin can continue this upward trend. However, considering the volatile nature of the market, it is worth being careful. Technical analysis shows that Bitcoin could push the $68,000 limit if it maintains this level. At this point, it may be critical for investors to act by reviewing their strategies. Bitcoin's rise can positively affect the overall market perception and bring with it new investment opportunities. In the short term, Bitcoin's movements should be closely monitored and be prepared for the sudden fluctuations that may occur in altcoins. Market experts predict that interest in cryptocurrencies will continue in the long term, which may support overall growth in the sector. #BTCUptober #BTCSurges67K #ANALYSIS
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This Meme Coin Soars Over 30% As 3AC Co-Founder Goes Long 🚀 Three Arrows Capital co-founder Su Zhu said on Monday that he had gone long on meme coin Three Arrowz Capitel (3AC). The crypto token price skyrocketed over 30% sharply and currently trades near $0.040, witnessing a sharp pump and dump. Three Arrows Capital co-founder Su Zhu took to the X platform on October 14 to disclose his latest purchase. He has taken a long position in Three Arrowz Capitel (3AC) meme coin at $0.0321. This sparked a sudden spike in the token raising speculation in the crypto community. Three Arrows Capital co-founders Su Zhu and Kylie Davies launched their own meme coin, a purposeful misspelling of their failed hedge fund. The coin remained in controversy due to insiders’ wallets controlling the majority of holdings. 3AC coin witnessed a more than 60% dump after the launch early this month. The sudden surge was also seen as a pump-and-dump scheme by the crypto community due to low liquidity. Traders likely see these cryptocurrencies as less stable in the markets. Instead, these are some best meme coins investors should invest in. Three Arrows Capital has blamed Terraform Labs (TFL) for its collapse and has made a huge demand to recoup over $1.3 billion from TFL. Meanwhile, the firm behind Terra undergoes bankruptcy proceedings after $4.3 billion in settlement with the U.S. SEC. Three Arrowz Capitel price saw a sudden jump of over 30% today after Su Zhu said he has already gone long on the meme coin. Trading volume shot up more than 700% in the last 24 hours. However, the price pared gains after hitting a 24-hour high of $0.0444. At the time of writing, the price is trading at $0.0364. The 24-hour low and high are $0.02947 and $0.0444, respectively. Also, it has a liquidity of 4.75% in the last 24 hours. The 3AC price is still down 1% in a week. #MemeCoinTrending
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Is $1 SHIB Price Possible in the Next 90 Days? 🔎 $SHIB Shiba Inu (SHIB) price is showing promising signs of recovery as the market rebounds. With the broader cryptocurrency market regaining momentum, SHIB has emerged as a standout in the meme coin sector, demonstrating notable growth potential. A continued rise in the BTC price might provide the boost needed for tokens like SHIB to revisit their previous highs. Positive sentiment in the overall crypto market could drive SHIB to substantial gains. Additionally, surges across other top cryptocurrencies like SO, BNB, XRP, and Cardano might create favorable conditions for SHIB to target the elusive $1 mark, a milestone that would mark an incredible achievement for the token. Shiba Inu Coin is buzzing with increased ecosystem activity, sparking renewed excitement in the crypto community. The recent launch of a dedicated Shiba Inu game has captured significant interest among enthusiasts. Another notable trend involves the movements of a major cryptocurrency whale whose large transactions have drawn considerable attention. These whale activities are crucial due to their potential influence on the value of meme coins like DOGE, POPCAT, BONK, and Pepe. Investors are watching closely, anticipating what these transactions could mean for SHIB’s price trajectory. Shiba Inu price prediction shows potential for a strong upward movement driven by ecosystem developments, strategic burns, and increased whale activity. With favorable market conditions and sustained investor optimism, SHIB could eye the $1 level. The token’s recent advancements and growing adoption could be key catalysts for this ambitious price target. #shiba⚡ #SHIBAUSDT #priceanalysis
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How High Could Shiba Inu Price Go If A SHIB ETF Is Approved? 🤔 $SHIB 🧧🧧🧧 Shiba Inu price has been performing well recently, gaining 33.5% in the last 30 days. SHIB broke out of a bullish reversal pattern, and the market anticipates that it will rise even higher as speculation of a Shiba Inu ETF floods the crypto space. How high would the SHIB price soar if an ETF was approved? Shiba Inu is one of the most astonishing tokens in the crypto space, and it has proven that the impossible can be possible. Hence, to think a Shiba Inu ETF likely is would not be a far-fetched idea. Following Wall Street’s speculation of a SHIB ETF, the crypto market’s hopes for one have just blown off the ceiling. If a Shiba Inu ETF were approved, the SHIB price would significantly increase. A realistic approach to this would be to consider the performance of the already existing Bitcoin and Ethereum ETFs. The spot Bitcoin ETF has a total of $18.72 billion since January 10. This inflow translates to an average of $2.34 billion in positive net monthly inflows since launch. At this rate, BTC ETF total inflows could hit $25 billion by December. If Shiba Inu ETF does get approved and launched and captures the same Bitcoin ETF inflows, it would cause Shiba Inu’s market cap to swell by $250 billion when the Bank of America (BoA) multiplier of 1:10 is applied. This would bring SHIB market cap to a total of $260.3 billion, setting it right below Ethereum in the number 3 spot according to CoinGecko rankings. At this market cap, Shiba Inu price would surge to $0.0004414, assuming SHIB burns halt. This would be a 2400% increase from the current price. Based on the measured move target from the channel breakout, SHIB is expected to rise to approximately $0.00002200-0.00002300 range, where it will meet its first major resistance. This is a 125% increase from the current price. #priceanalysis #shiba⚡ #analysis
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