Month: January 2024

Top Analyst Anticipates Dogecoin Surge To $0.10, But There’s A Catch

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Elon Musk-backed meme coin Dogecoin (DOGE) has seen a significant price correction in recent days, falling over 14% in the past 30 days, due to the market’s waning sentiment surrounding the hype generated by the approval of Bitcoin Exchange Traded Funds (ETFs), and the lack of bullish catalysts. After reaching an 11-month high of $0.1073 on December 11, 2023, DOGE witnessed a decline to the $0.0743 level. However, over the past 7 days, the meme coin has managed to break the downtrend, recording a 2% surge. This positive movement has…

$2b flowing to crypto, this meme coin targets $5m in presale this January

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is buzzing after the approval of 11 spot Bitcoin exchange-traded funds (ETFs). Investment management firm VanEck predicts that $2 billion will flow into crypto in the first week of the ETFs’ launch. Meanwhile, newcomer Galaxy Fox aims for a $5 million fundraising target this January. VanEck: $2 billion flowing into crypto Before the approval of Bitcoin ETFs on Jan. 10, there were rumors that BlackRock, a renowned asset…

How Many Altcoins Died In The Past 10 Years, Report Shows

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CoinGecko’s most recent report details the failure rate of cryptocurrencies in the last 10 years. Exhibiting the increasing number of “dead” altcoins over the years as projects deactivate, rebrand, lose trading activity, or are revealed to be scams. Related Reading: These Altcoins Are Showing Most Bullish & Bearish Divergences: Santiment An 11.01% Failure Rate For The Altcoin Sector The first half of the ten-year period that CoinGecko studied showed 1,546 dead cryptocurrencies, 11.01%% of the total amount. 2014 saw the death of 37 cryptocurrencies, 2015 had a lower number with…

Whales Accumulating Maker And Aave, Path To 2024 Highs?

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On-chain data suggests that whales are accumulating large amounts of Maker (MKR) and Aave (AAVE), two leading decentralized finance (DeFi) tokens. This accumulation trend coincides with a broader cooling-off period in the crypto scene days after the United States Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs.  Whales Accumulate MKR And AAVE According to ScopeScan data, Anchorage Digital, a digital asset custody firm, purchased a significant amount of MKR on January 15. The firm acquired 12,103 MKR tokens, valued at approximately $24.7 million, from Coinbase, a leading crypto exchange…

Altcoin season index signal fires off

According to the index, altcoins have outperformed Bitcoin in the last 90 days. Crypto Banter, a YouTube-based crypto analyst, released a video on Jan. 15 highlighting a signal many crypto experts use that has just fired off for the altcoin market, starting what some believe might be the 2024 bull run. The analyst also referenced its bubbles chart, highlighting that on a weekly timeframe, SUI is up 82.3%, Celestia (TIA) is up 48.3%, and Helium (HNT) is up 47%, while Bitcoin (BTC) shows a 2.8% decrease in the same period.…

Dogecoin To See 24% Rally To $0.100 If This Holds: Analyst

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An analyst has explained that Dogecoin could rally towards $0.10 based on a pattern forming in its price if a support cluster continues to hold. Dogecoin Has Observed A Buy Signal On Its 3-Day Chart As explained by analyst Ali in a post on X, a TD-Sequential buy signal recently appeared for DOGE on its 3-day price. The “Tom Demark (TD) Sequential” here refers to an indicator in technical analysis that helps pinpoint locations of probable tops and bottoms in any asset’s price. This indicator is made up of two…

Ethereum Price Could Reach $5k in 2024 If this Scenario Plays Out

Ethereum price has prodded above $2,500 on Jan. 15, further stretching its post-ETF approval lead over BTC, on-chain data trends provide vital insights into the underlying drivers.  ‘Buy-the-rumor, sell-the-news’ is a popular trading strategy where speculators make acquisitions ahead of a material news event in hopes of selling at a profit when news is confirmed. BTC speculators capitalized on this trading strategy to earn historic gains in the build-up to the spot Bitcoin ETF approval verdict. Vital on-chain data trends now reveal that Ethereum (ETH) has also begun to show…

How Spot Bitcoin ETFs Could Catapult BTC Price To $500,000, According To This Crypto Trader

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Ash Crypto, a prominent figure in the crypto trading community, predicted that the US spot Bitcoin Exchange-Traded Funds (ETFs) could propel BTC’s price to $500,000. Bitcoin To Follow Gold’s ETF Success Story The rationale behind Ash Crypto’s forecast stems from a comparison with gold, whose market capitalization witnessed a significant surge after the introduction of its ETFs. Historically, gold’s market cap escalated from approximately $2 trillion before the ETFs to roughly $16 trillion over the following years. Ash Crypto posits that with its finite supply and growing popularity, Bitcoin might…

Crypto Analyst Says A Solana Price Will Climb To $750, Here’s When

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Crypto YouTuber Jake Gagain has shared his “insane price prediction” for Solana (SOL) as he said that the crypto token will climb to $750. The crypto analyst didn’t stop there as he also provided a timeframe for when this price level would be attained.  Solana Price To Rise To $750 In 2025 Gagain said that he expects Solana to hit this price level by 2025 in an X (formerly Twitter) post. In the accompanying video, he outlined several reasons for this bullish sentiment. For the first, he alluded to the…

Coinbase dominance over Bitcoin ETF custody raises concerns

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Coinbase is the custodian of eight of the 11 approved Bitcoin ETFs, and several blockchain specialists and ETF consultants have raised concerns about this high concentration on one platform. The extensive involvement of Coinbase in these ETFs extends beyond mere custodianship. The digital-asset exchange is poised to provide a comprehensive suite of services, encompassing custodial, trading, and lending functions, to prominent players like BlackRock. However, this concentration of responsibilities within a single entity, Coinbase, is sparking concerns among experts in the blockchain and ETF sectors.  Notably, the SEC has expressed…