Month: January 2024

XRP Price And Ripple’s Buybacks: Researcher Decodes The Link

boss

Ever since, the relationship between Ripple’s XRP buybacks and its impact on price has been a subject of intense discussion. Crypto Mark, an active community member on X, raised a pertinent question regarding Ripple’s strategy of purchasing more of the cryptocurrency. “Shouldn’t Ripple be trying to distribute XRP and not buying more though? Would like to see them own less XRP, not more,” Crypto Mark posted. The Influence Of XRP Buybacks By Ripple On The Price This inquiry was addressed by Mr. Huber, a renowned member of the community, who…

Chainlink Bullish Chart Pattern Hints At $34 Target

boss

As the calendar turned to 2024, numerous cryptocurrencies experienced a positive start, and among them, Chainlink (LINK) stood out. The notable highlight was the emergence of a bullish pattern on Chainlink’s price chart, indicating a heightened likelihood of an impending bull rally. This positive momentum in the early days of the year hinted at favorable market conditions for Chainlink and garnered attention from investors and analysts alike. The formation of this bullish pattern added an optimistic outlook to the prospects of Chainlink, creating anticipation for potential upward price movements in…

XRP Price Could Rally If It Clears This Hurdle

boss

XRP price is consolidating above the $0.600 support. The price could start a fresh rally if there is a daily close above the $0.650 resistance. XRP is attempting a fresh increase from the $0.600 support level. The price is now trading above $0.620 and the 100 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.6380 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.638 and $0.650 resistance levels. XRP…

Is Internet Computer (ICP) the Next Big Thing? 60% Jump Raises Eyebrows

boss

In the past day, the value of Internet Computer (ICP) has increased by 20% to $15.76. ICP has grown significantly over the last week, showing an astounding increase of more than 60% from its starting value of $8.98 to its current rate. According to data from Coingecko, its current price is a noteworthy increase, highlighting the coin’s dynamic performance in the context of recent market movements. It’s important to remember that although the price has increased significantly, the all-time high for Internet Computer is still $700.65. This indicates a significant…

Matrixport expects BTC to surge to $50k in January

Matrixport analysts expect an “explosive Bitcoin surge to $50,000” in January. Experts shared this forecast in a Jan. 2 blog post stating that they believe that Bitcoin (BTC) is poised for a breakout early in the year after consolidation in mid-to-late December. Analysts recalled that a year ago the market was bearish, but the situation now looks markedly different: “We expect an immediate rally that once again catches investors off-guard.” Matrixport analysts Source: Matrixport With the possibility of spot Bitcoin ETFs being approved in early January, the likelihood that the…

Bitcoin Price Seems Unstoppable As BTC Bulls Aim For $48K

boss

Bitcoin price is holding gains above the $45,000 resistance. BTC seems to be setting up for more gains above the $46,000 level in the near term. Bitcoin extended its increase and traded close to the $46,000 level. The price is trading above $45,000 and the 100 hourly Simple moving average. There is a key bullish flag forming with resistance near $45,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a correction wave below $44,800. Bitcoin Price…

Elastos emerges as top gainer among top 500 cryptocurrencies

The native token of the Elastos ecosystem, ELA, has emerged as the top gainer among the top 500 cryptocurrencies while a key indicator suggests downward momentum. ELA is up 35% in the past 24 hours and is trading at $4.24 at the time of writing. The asset’s market cap rose to $91 million, making it the 384th-largest crypto asset. While daily trading volume of Elastos also recorded a 50% rally, reaching $2.57 million. ELA price and RSI – Jan. 2 | Source: Santiment Data shows that over 64% of the…

Arbitrum (ARB) Maintains Impressive 30% Price Uptrend, Analyst Predicts Breakout Above $2

boss

Arbitrum (ARB), a prominent Layer 2 (L2) protocol, has emerged as one of the top gainers in the past month, experiencing a remarkable surge of 59%. Over the past 7 days, the token has grown substantially over 31%, propelling it to reach a new all-time high (ATH) of $1.8391 on Monday.  Arbitrum’s Market Capitalization Surges To $2.21 Billion The impressive price surge of ARB reflects the growing interest in the protocol and its native token within the Layer 2 ecosystem. This surge is evident when examining the data provided by…

Is A Bitcoin Spot ETF Approval A Sell The News Event? Experts Respond

boss

All attention of crypto investors has turned toward January 10 when the first Spot Bitcoin ETF is expected to be approved. As usual, the excitement triggered by this has seen prices recover across the space, with no doubt about the bull sentiment leading up to the event. However, arguments have arisen about whether this bullish sentiment would continue if a Spot ETF is eventually approved or if it will end up being a “sell the news” event. What Is A Sell The News Event? The phrase “sell the news” is…