Day: April 17, 2024

Will History Repeat Itself Or Are We Heading For A Market Meltdown?

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Bitcoin stands at the forefront, with its upcoming halving event sparking excitement and uncertainty among investors. As the countdown to Bitcoin’s fourth halving narrows to roughly three days, market dynamics have taken a tumultuous turn, with significant implications for the digital asset’s price trajectory. Deciphering BTC’s Halving Patterns: Insights Into Pre-Event Price Behaviour While the Bitcoin market has been on a decline over the past week, A CryptoQuant analyst has recently highlighted a recurring pattern in Bitcoin’s price dynamics observed before each halving cycle. This pattern entails a significant price…

Cove Partners With Bazaar for Pioneering $COVE Token Auction to Decentralize and Bootstrap Protocol Liquidity

PRESS RELEASE. San Francisco, April 16th: Cove, the first onchain portfolio manager that eliminates loss-versus-rebalancing, has announced a strategic partnership with Bazaar, the decentralized and chain-agnostic launchpad. This collaboration is set to revolutionize the way Cove engages with its community by offering a fair and accessible opportunity to participate in the $COVE token launch. $COVE […] Source CryptoX Portal

Will The Halving Spark A Price Surge This April?

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The cryptocurrency market has undergone a substantial downturn, with many of the top 100 cryptocurrencies experiencing sharp price drops. Bitcoin, the leading digital asset, hit a low of $61,600 on Tuesday.  However, industry experts suggest a potential rebound to higher highs may be on the horizon as the highly anticipated Halving event draws near.  Adrian Zduńczyk, a crypto trader and technical analyst, provides valuable insights into the market dynamics, highlighting key factors such as bull market indicators, ETFs, and the imminent Halving event. Mixed Signals For BTC According to Zduńczyk’s…

Is Bitcoin About To Skyrocket? Bitfinex Analysts Spot Familiar Patterns From December 2020

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According to analysts at Bitfinex, Bitcoin and its recent activity on exchanges reflects a pattern reminiscent of December 2020, hinting at a possible growth phase. The exchange’s latest report highlights a significant decline in the supply of Bitcoin held by long-term investors on centralized exchanges, reaching its lowest levels in 18 months. This trend, coupled with the forthcoming halving event, suggests a scenario conducive to further price appreciation, as stated by the analysts. Potential Growth On The Horizon The Bitfinex Alpha report underscores the diminishing inactive supply of Bitcoin, particularly…

Solana congestion prompts Ore project to pause mining

To alleviate congestion on the Solana network, the pseudonymous creator of the Ore project, Hardhat Chad, announced an immediate halt to all mining. Ore, a blockchain-based project launched on Solana, is exploring the right distribution method by using a proof-of-work (PoW) token distribution mechanism. The project is experimenting with combining PoW’s security with Solana’s fast transaction capabilities. Since its introduction, Ore’s activity has contributed significantly to network congestion, impacting transaction scheduling and leading to a high rate of failed transactions, especially from the meme coin frenzy on the network. “By…

XRP Price Set For 3,000% Rally To $22, Analyst Predicts

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Crypto analyst Crypto Egrag has provided an update on his recent analysis, where he predicted that XRP would experience a significant price decline. Having called that correctly, Egrag has now predicted what the next move will be for the crypto token.  XRP Price Could Rise To As High As $22 Egrag mentioned in an X (formerly Twitter) post that XRP’s next move “could be between 1000% and 3000%.” He acknowledged that the current market conditions might make it hard for anyone to envisage XRP seeing such a move. However, he…