Day: December 22, 2023

Ethereum Price To Reach $5,000, BitMex Founder Predicts

BitMex founder Arthur Hayes has revealed that he is diverting his interest toward Ethereum (ETH) while disclosing a bold prediction for the crypto asset. Arthur Hayes Doubling Down On Ethereum Arthur Hayes recently took to X (formerly Twitter) to share his optimism and prediction about the future of Ethereum, and the post has since caused quite a stir in the entire cryptocurrency community. Renowned for his perceptive market analysis, Hayes claimed to have had a revelation on ETH during one of his meditations, and this prompted him to significantly alter…

Bitcoin to see significant surge on ETF approval

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The crypto analyst predicts Bitcoin will surge soon based on the anticipated approval of spot Bitcoin ETFs in the U.S. on Jan. 10. In his YouTube video on Dec. 22, the analyst behind the popular CryptosRUs channel predicted that Bitcoin (BTC) and the overall crypto market will soon be poised for a significant surge. He based this on the widespread anticipation that the SEC will finally approve spot Bitcoin exchange-traded funds (ETFs) in the U.S., with Jan. 10 being the target date. The analyst cited a supposed closed-door meeting between…

Cosmos (ATOM) Wyckoff Analysis (May 2022

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Wyckoff Analysis (WA) aims to understand why prices of stocks and other market items move due to supply and demand dynamics. It typically is applied to any freely traded market where larger or institutional traders operate (commodities, bonds, currencies, etc.). In this article we will apply WA to the cryptocurrency Cosmos ($ATOM) to make a forecast for approximate future events. Cosmos Price Data from MEXC Futures | Source: ATOMUSDT.P on tradingview.com. Link to the raw image: https://www.tradingview.com/x/r8asKWOI Cosmos $ATOM is currently in Phase D of a Wyckoff Accumulation Schematic #1.…

2024: The Revenge of Bitcoin

The launch of ETFs will vastly expand Bitcoin’s adoption funnel. But to truly succeed, the underlying blockchain needs to be an arena of activity — a decentralized financial ecosystem where people can trade and build. More than anything, Bitcoin as a network should be an ecosystem where like-minded people can gather, trade, conduct business, and build. Source

Next Year Crypto Will Wash Away the Stains of the ICO Boom

The RWA market is massive, and tokenization is only getting started. This movement will forever change how people view and access investments — be they commodities, real estate, art, rare whiskey or any number of other things that have historically been bought or sold on opaque off-exchange or broker and auction dominated marketplaces. Source

Litecoin surpasses 200 million transactions

The Litecoin network hit the 200 millionth transaction mark on Dec. 22, showcasing accelerated growth with an impressive processing of over 10 million transactions. In an earlier post from Litecoin (LTC) released on Dec. 21, the cryptocurrency engineered to facilitate swift, secure, and cost-effective transactions, reported that in the previous 24-hour period, it had exhibited more active addresses than the combined total of Bitcoin (BTC) and Ethereum (ETH), with 1.4 million on-chain transactions recorded in a single day. This coincided with a report from IntoTheBlock, a market intelligence platform highlighting…

Former Director Says Ripple Can Burn 40 Billion XRP In Escrow, How Will This Affect Price?

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The possibility of Ripple ‘burning’ its escrowed XRP funds has come up for discussion. This development could become a major talking point as the XRP community continues to clamor about XRP’s tepid price action.  Can Ripple Burn Its Escrowed XRP Funds? In a post on his X (formerly Twitter) platform, former Ripple Director Matt Hamilton suggested a way in which Ripple could potentially ‘burn’ its XRP holdings in escrow lockups. He stated that Ripple could disable the master key on the destination account, which usually receives these escrow funds.  Hamilton…

Matrixport forecasts Bitcoin to hit $50k in January

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Matrixport’s track record includes successful predictions, with two out of six already realized, underscoring the anticipation surrounding their latest forecast of Bitcoin reaching $50,000. According to a Dec. 21 post on Lookonchain, Matrixport forecasted a surge in Bitcoin (BTC) to $50,000 by January, posing the question of its likelihood. According to the web3 data analysis tool, Matrixport’s history includes six BTC price predictions, with two already being accurate. One December 2022 prediction came true when Bitcoin was valued at $17,000. Matrixport predicted a 2023 target of $29,000, followed by a…