Day: March 21, 2024

Reddit tokens surged over 15% pre-IPO

Two cryptocurrencies affiliated with Reddit communities increased more than 15% in 24 hours.  Investors speculated on Donut (DONUT) and Moons (MOONS) as the social media platform launched its long-awaited initial public offering (IPO), causing the tokens to see double-digit price increases on March 21.  DONUT is an ERC-20 token issued on Ethereum (ETH) by the ethtrader forum. Participants receive the crypto as monthly rewards for contribution to the community. Eligibility depends on upvotes gathered by published content. Per CoinMarketCap, the token gained over 28% on Reddit’s IPO news.  DONUT daily…

Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X

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“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace […] Original

Crypto Analyst Says XRP Price Is Headed For $27 As 2017 Pattern Emerges

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Popular crypto analyst EGRAG CRYPTO, known for his very bullish stance on XRP, has predicted that the XRP price is headed for $27 as a pattern from 2017 emerges again. The analyst made this prediction known in a recent post on social media to reflect that XRP is now mimicking a historical cross between the 20 and 50 Simple Moving Averages. Interestingly, with XRP currently trading at $0.6079 amidst a lull market gain, EGRAG’s prediction represents a surge of over 4,300% from the current price levels.  Analyst Points To Similarities…

Bitcoin Miners on the Brink of Surpassing February Earnings as 2 Difficulty Adjustments Loom

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Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at the next adjustment, set for on or around March 28, 2024. With the […] Original

Bitcoin Surging But Likely To Consolidate Before Breaking $74,000: Analyst

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After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is…

Bitcoin (BTC) ‘Pullback Is Over’ Says Analyst, Even as Price Slips 5% Amid Stronger USD

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Aptos surges while Milei Moneda rises: Crypto race intensifies

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Aptos and SUI make strategic moves while Milei Moneda emerges as a new contender. Bitcoin’s rally fuels competition among top altcoins. In the wake of Bitcoin’s bullish rally, the cryptocurrency market witnesses a surge in activity, prompting intense competition among top altcoins. Aptos (APT) and SUI navigate strategic moves to secure their positions, while a new contender, Milei Moneda ($MEDA), emerges, altering the landscape. APT vs. SUI Recent reports…

Bitcoin Cash (BCH) Surges 15% As Coinbase Plans Futures Listing

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Bitcoin Cash (BCH) has registered a sharp 15% rally in the past 24 hours after plans of a futures listing on Coinbase have surfaced for the asset. Coinbase Plans To Launch Bitcoin Cash Futures Product On 1 April As an X user has pointed out, the cryptocurrency exchange Coinbase appears to have filed certifications with the Commodity Futures Trading Commission (CFTC) to list futures products for three coins on its platform: Bitcoin Cash (BCH), Dogecoin (DOGE), and Litecoin (LTC). Coinbase Derivatives LLC quietly filed certifications with CFTC to list US…

Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000

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Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000.  Bullish Sentiment Shows Bitcoin Can Reach $500,000 Crypto analyst Michaël van de Poppe mentioned in an X (formerly Twitter) post that the likelihood of BTC reaching $500,000 long-term is “definitely there.” He based this assertion on the “overly bullish sentiment,”…