Day: December 17, 2023

Top cryptocurrencies to watch this week: XRP, ADA, SHIB

This week, the cryptocurrency sector’s global market cap receded 3% from $1.64 trillion to $1.59 trillion. Amid the $50 billion loss in valuation, top cryptocurrencies XRP, Cardano (ADA) and Shiba Inu (SHIB) took center stage with mixed price actions. XRP relinquishes price threshold XRP’s performance since the start of the recent market-wide resurgence has been largely discouraging to investors. The native crypto token of the Ripple network failed to leverage the Bitcoin (BTC) uptrend to the $44,000 territory in previous weeks, but has now collapsed with the rest of the…

Cardano TVL spikes 180%, analyst makes a bullish forecast

Cardano (ADA) has seen an over 180% increase in its total value locked (TVL) in its decentralized finance (DeFi) space, rising from $188.65 million on Oct. 17 to $431.44 million on Dec. 15, 2023.  Cardano’s TVL growth  According to DeFiLlama’s data, Cardano’s TVL surged remarkably, moving from $188.65 million on Oct. 17 to the current $431.44 million. This increase reflects a substantial growth rate of 180.636% during this period. Given the challenges of attracting liquidity to the Cardano network in the presence of defi giants like Ethereum (ETH) and Solana…

Bitcoin’s 8-week win streak is in danger, but ATOM, FIL, EGLD, and ALGO don’t care

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Bitcoin’s (BTC) eight-week winning streak is likely to end as the price is down nearly 4% this week. The recent weakness indicates profit-booking by traders but it does not change the short-term uptrend. The pullback will also help reduce the froth that may have been building. After the initial shakeout, strong hands are likely to re-enter the crypto market as the macro environment remains bullish for risk-assets. The decision by the Federal Reserve to pause rate hikes and possibly reduce rates in 2024 could further boost demand for crypto products.…

How To Buy Metaverse Land And Property

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Welcome to the world of Metaverse land and property investment! This guide provides essential insights into buying and owning digital real estate. From understanding metaverse land value to navigating legalities, we cover all you need to start your journey in the virtual property market. What Is Metaverse Land Metaverse land is a revolutionary aspect of digital real estate within virtual worlds. Unlike tangible property, this land exists exclusively in online environments such as Decentraland, a prime example of a thriving metaverse platform. What sets metaverse land apart, and integral to…

PEPE and Dogecoin enthusiasts monitoring new crypto presale token

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi rally in ongoing presale PEPE can reach $0.000002113 in 2024. Dogecoin could retest $0.305 in Q1 2024. The recent decline in Dogecoin (DOGE) was caused by Elon Musk’s reaction to a statement from Billy Markus, in contrast to the slight increase in PEPE. Meanwhile, market experts are tracking Rebel Satoshi, drawn by its features and growth potential.  PEPE price prediction PEPE is rising due to a promotional campaign,…

Crypto in 2024: Bitcoin to hit record highs as NFTs and fan tokens exit

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The year 2024 is shaping up to be a landmark period for the cryptocurrency market. Significant transformations are on the horizon for blockchain and digital currencies, which are expected to be pivotal in shaping their trajectory. A key trend for the next 12 months is the widespread acceptance of cryptocurrencies paired with increased regulatory measures. Let’s explore the additional shifts anticipated within the sector. Bitcoin to set…

Analyst Rates Bitcoin As The Most Promising Asset For 2024, Predicts Price Potential Of $120,000

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Chief analyst of Singaporean exchange Bitget, Ryan Lee, has laid out some interesting Bitcoin price predictions for 2024. This forecast comes after BTC’s negative performance in the last week, where the maiden cryptocurrency declined by 4%, falling below the $42,000 price mark.  Bitcoin To Trade At $120,000 In 2024 – Ryan Lee  In an X post on December 17, crypto data platform Brave New Coin shared Ryan Lee’s projections for Bitcoin in the new year, which were presented in three phases.  For the short term, Lee anticipates Bitcoin’s price to…

Concerns ahead of Bitcoin halving, BTC holders considering Cardano And Meme Moguls

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite Bitcoin’s (BTC) established reputation, the upcoming fourth halving event has instilled concerns among crypto investors regarding its impact on price volatility. This has prompted a shift towards newer projects, with Cardano and Meme Moguls, currently in its presale phase, emerging as options. Experts cast a shadow on the upcoming Bitcoin halving Following the recent bullish market conditions, there is fear, uncertainty, and doubts (FUD) around Bitcoin’s upcoming halving…

Analyst Predicts 7500% Rally To $2.3

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Popular crypto analyst EGRAG just predicted a massive 7,500% rally that will send VET soaring to $2.3. VeChain (VET) is currently trading at $0.02945, but according to this analyst, the crypto is set for a price growth that would send it on a price growth into three sequential price targets.   EGRAG Predicts VET To Hit $2.3 VET’s price has had its ups and downs this year, reflecting the general market volatility of crypto assets this year. The crypto went on a price spike very early in the year, going on…

Bitcoin fees hit 20-month high as miner revenues match $69K BTC price

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Bitcoin (BTC) on-chain transaction fees are dividing opinion as the cost of sending BTC skyrockets. Data from statistics resource BitInfoCharts puts the average transaction fee at nearly $40 as of Dec. 17. Commentators: High Bitcoin fees are inevitable The latest wave of Bitcoin ordinal inscriptions have resulted in a fresh wave of elevated transaction fees for all network users — but some believe that they are here to stay. Per BitInfoCharts, it currently costs just over $37 to send BTC on-chain — the highest average figure since April 2021. Bitcoin…