Day: December 27, 2023

BNB, Polygon among top gainers, new mining token also rallying

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB and Polygon are firm, while most other projects are in red. BNB is up 8.98%, while Polygon is up 20.86% in the last 24 hours. Meanwhile, the new mining crypto Bitcoin Minetrix (BTCMTX) is also seeing notable gains as its presale surges past $6.2 million. After consolidating, BNB, and Polygon have started to gather momentum, while recent top performers like Solana and Avalanche are cooling down. BNB and…

When Will Bitcoin Bull Run Begin? This Could Be The Metric To Watch

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A pattern in the supply of the Bitcoin long-term holders could provide some hints about when the next bull run might begin in earnest. Bitcoin HODLer Balance Has Followed A Specific Pattern In Previous Cycles According to the market intelligence platform IntoTheBlock, the supply of the BTC HODLers is “an excellent indicator for measuring market cycles.” The “HODLers” or long-term holders (LTHs) refer to the Bitcoin investors who have held onto their coins since at least a year ago without having sold or transferred them on the blockchain. The LTHs…

Today’s top cryptocurrency gainers rally double-digits

Several cryptocurrencies saw 10% or more increases after Boxing Day, while Bitcoin and Ethereum lagged. Ethereum layer-2 solutions, Bitcoin forks, a native layer-1 blockchain token, and a Polkadot parachain comprised the seven top gainers on Dec. 27 amid what is likely a wide-ranging rotation strategy from traders who are booking profits and moving into other altcoins after markets saw upticks over several weeks in Q4 2024.  These top gainers recorded double-digit upturns ranging from 10% to as high as 25%, according to CoinMarketCap. Bitcoin forks Bitcoin SV (BSV) and Bitcoin…

A Guide to Buying, Trading, And Profiting From SOL Investments

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In the ever-evolving landscape of cryptocurrency, Solana has emerged as a prominent player, and within its ecosystem, meme coins are creating a buzz in the crypto community. Meme coin trading, with its inherent thrill of pump-and-dump scenarios, has gained momentum on Solana, driven by a surge in liquidity and recent airdrops that have propelled SOL prices.  People who got the Pyth airdrop, the Jito airdrop, and the BONK airdrop need a place to dump and trade their free money, and Solana meme coins have given them the perfect avenue to…

Bitcoin whales in a ‘buying frenzy’ ahead of catalyst: analyst

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A crypto analyst believes several major catalysts could fuel further Bitcoin price increases. In a Dec. 27 YouTube video, the analyst behind the popular CryptosRUs channel said he believes Bitcoin (BTC) is seeing renewed buyer demand ahead of multiple potentially market-moving events in the coming weeks and months. There are three metrics that say a fresh move is imminent. […] We know a move is imminent because we’re less than two weeks away from spot Bitcoin ETF approval. I mean you don’t need metrics. You don’t need charts to tell…

Crypto hedge funds have rallied in Q4

Cryptocurrency hedge funds are making a significant comeback after suffering massive setbacks in 2022. Several of these funds are recovering and seeing remarkable growth, with optimistic projections for 2024. Pantera Capital, a leading name in the cryptocurrency fund sector, is a prime example of this resurgence. Despite a steep 80% decline in 2022, according to Bloomberg reports, Pantera Capital’s Liquid Token Fund has rebounded impressively, boasting an increase of nearly 80% as of mid-December. The fund’s current investment strategy includes a significant stake in dYdX, while its combined investments in…

MicroStrategy Grows Bitcoin Reserves By 14K BTC Ahead Of ETF Approval

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MicroStrategy (MSTR), a prominent Bitcoin holding company, has once again expanded its BTC holdings with a substantial purchase of 14,620 Bitcoin, amounting to a staggering $615.7 million.  The former CEO of the American business intelligence (BI) firm announced the acquisition, highlighting the company’s continued confidence in Bitcoin’s long-term potential.  With the potential approval of Bitcoin spot exchange-traded funds (ETFs) on the horizon, MicroStrategy aims to capitalize on the positive impact on BTC’s price and the company’s profitability in the leading cryptocurrency market. MicroStrategy Stock Skyrockets 337% According to a CNBC…

Worldcoin expands World ID verifications to Singapore

Worldcoin recently broadened its World ID verification services to Singapore through the Orb hardware device. In a recent tweet, Worldcoin announced a significant expansion of its World ID verification services. Singapore now joins the list of countries where individuals can authenticate identities through the project’s custom hardware device, Orb. This development follows the successful launch of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline in mid-December. 【ご案内】この度、Crypto Lounge GOXでは、 @worldcoin の認証スポットとして登録されました。 今後、毎日14～20時の完全予約制でorbによる認証ができます。(12/29～1/3は店休日) ご予約は、WORLD Appからできます。当店へのお問い合わせでは、ご予約できません。 ⬇️具体的な予約手順🙋‍♂️ pic.twitter.com/IbcMPJ0RlT — Crypto Lounge GOX | 「GOX PRO」サービス開始！ (@groove_on_x) December 19,…

Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352

A crypto analyst has put together a bold prediction as to the future trajectory of the XRP price. Based on his prediction, the XRP community could see the crypto token’s price enter three digits soon enough.  XRP Price To Rise To $352 In a video posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP’s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey,…