Day: January 16, 2024

Pullix takes on Injective and BNB ahead of 2024 bull market

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pullix has seen rapid growth in popularity and value in the past month. This performance has led investors to consider Pullix (PLX) alongside established altcoins like Binance Coin (BNB) and Injective (INJ). Injective rolls out Volan upgrade Injective recently completed a major upgrade, paving the way for real-world asset integration, institutional adoption, and enhanced scalability.  However, the upgrade has temporarily held down the price of INJ, which is currently…

Bitcoin Gears Up For Skyrocketing Beyond $100,000

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In a recent post that echoes his previous analysis, the renowned Stock-2-Flow (S2F) model creator, PlanB, highlighted a pivotal phase transition in the Bitcoin market. However, it may remain unrecognized by many. Reflecting on his analysis from January of the previous year, PlanB recalled his declaration that the bear market phase had ended and an accumulation phase had commenced. Despite this, many at the time were still anticipating a fall to a Bitcoin price of $10,000. Consequently, even as the analyst’s model signals a phase transition for Bitcoin, skepticism may…

Analyst Predicts Cardano Future Using Historic Trends, And It’s Very Bullish

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A crypto analyst has provided insights into why this year will be “massive” for Cardano (ADA) based on historical data. The analyst also highlighted how patience was key, as ADA could replicate a similar run like the one it did when it saw a gain of 8,288% following about two years of consolidation.  2024 Could Be Another Breakout Year For Cardano In a recent video, the analyst behind the Crypto ZX YouTube channel alluded to ADA’s history as he provided a bullish narrative for the crypto token in this new…

Coinbase vs. SEC case said to ignite altcoin run

YouTube analyst Crypto Capital Venture argues that if the judge rules in favor of Coinbase against the SEC, it could ignite an altcoin run with up to 100% on assets like ADA. Crypto Capital Venture looks at some of the events leading up to the decision, including that only 22 days after the SEC allowed Coinbase to go public, Gary Gensler from the SEC testified that the exchanges trading these assets do not have the regulatory framework at the SEC or CFTC. At the same time, the judge overseeing the…

Chainlink (LINK) Vanishing From Exchanges As Amount of Non-Zero Wallets Nears All-Time Highs: Santiment

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Blockchain analytics platform Santiment is noticing two metrics flashing bullish signals for decentralized oracle provider Chainlink (LINK). Santiment says that the overall supply of Chainlink on crypto exchanges has slipped down to its lowest level since February 2020. The analytics firm also notes that the number of unique LINK addresses holding a positive (non-zero) amount of coins is closing in on an all-time high. “Chainlink enjoyed a mini breakout [last] weekend, hitting $15.82 for the first time in two weeks. The supply of LINK on exchanges is below 15% for…

Bybit: Bitcoin ETF Approval Marks Watershed Moment for Investors

Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market. Cryptocurrency exchange Bybit said on Tuesday that the recent approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States represents a “watershed moment” for retail investors. On January 10, 2024, the Securities and Exchange Commission (SEC) granted approval to 11 prominent financial companies, including Grayscale Investments, Ark Invest, and BlackRock, enabling them to introduce spot-BTC ETFs to their customers. This…

Here’s The Level To Watch

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On-chain data suggests Bitcoin has a large wall of resistance ahead of it currently. Here are the exact levels that make up this important range. A Large Amount Of Bitcoin Supply Was Purchased Between $42,700 & $44,000 According to data from the market intelligence platform IntoTheBlock, BTC is sitting just below a significant on-chain resistance zone. In on-chain analysis, the strength of any resistance or support level is defined based on the number of coins acquired by the investors there. To any holder, their cost basis is naturally an important…