Day: June 8, 2024

Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon

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Crypto analyst Lark Davis recently predicted that this bull run could be more massive than most people imagine. He outlined why this market cycle could stand out from previous ones.  Why This Bull Run Will Be “Face Melting” Davis mentioned in an X (formerly Twitter) post that crypto market participants are about to witness a “face-melting bull run.” He alluded to the influence of institutional investors as the reason why this bull run will stand out. For one, he noted how the US Spot Bitcoin ETFs already record hundreds of…

Toncoin (TON) Faces Price Fatigue, Possible Drawdown Ahead

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Toncoin (TON) has been one of the best-performing crypto assets in recent times, gaining by over 221% since the start of 2024. The Telegram-integrated token has particularly caught the attention of many investors, after securing a spot in the top 10 cryptocurrencies according to market cap. However, amidst TON’s purple patch, a certain technical indicator has sounded the alarm for a potential decline in the coming weeks. Related Reading Adjusted Sharpe Ratio Indicates Overvaluation For TON: Analyst According to Shiven Moodley, an analyst on data analytics platform CryptoQuant, the comparison…

VanEck sets $22K price target for Ethereum by 2030 amid anticipated ETF approval

VanEck has set a new price target for Ether (ETH), the native token of the Ethereum protocol, predicting it will reach $22,000 by 2030. The forecast represents a massive rise from its current price of around $3,850. The global investment firm had earlier anticipated that Ether ETFs could surpass their Bitcoin counterparts in market size. In its latest June 5 report, VanEck attributed this optimistic forecast to Ethereum’s disruptive capabilities and the cashflow it generates for token holders. VanEck’s comprehensive analysis highlights Ethereum’s impact across multiple sectors, including finance, banking,…

Binance Coin Breaks New Ground, Hits ATH At Nearly $720

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Binance Coin (BNB), the native token of the world’s largest cryptocurrency exchange Binance, has been on a tear in recent weeks. After breaking free from a period of consolidation, BNB skyrocketed to a new all-time high of $717 on Friday. Despite a minor correction, the coin remains firmly in bullish territory, with analysts predicting further potential for growth. Related Reading Surge In Demand Fuels Rally Before its recent climb, BNB had been trading within a sideways range, a pattern commonly observed before a major price shift. This consolidation phase allowed…

Ferrum CTO warns against concluding ETH’s non-security status

Ever since the launch of Bitcoin ETFs in January, the crypto industry has been eagerly waiting for the US Securities and Exchange Commission’s nod regarding Ethereum. Finally, in May, as all hopes were fading, the commission decided to approve the 19b-4 forms for spot Ether ETFs. According to Taha Abbasi, CTO at Ferrum Labs, the decision is pivotal and is expected to be another step towards mass adoption. “It proves to the world that L1 and related assets are indeed functioning as intended and are now recognized by governing authorities…

Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison

Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly, amassing millions from his fraudulent activities. Scheduled for sentencing on Sept. 24, […] Source CryptoX Portal

Polkadot, Dogecoin eye new ATH while KangaMoon leads presale market

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Polkadot and Dogecoin soar amid a bull run, while analysts predict emerging memecoin KangaMoon could follow DOGE’s success with significant growth potential. Polkadot (DOT) alongside top memecoin Dogecoin (DOGE) are blowing hot in the crypto space at the moment following a recent bull run that has pushed their prices to new highs. While both DOT and DOGE tokens seek to register another historic high prices, analysts are now turning…

ProShares seeks SEC nod for spot Ethereum ETF listing on NYSE

ProShares, a prominent issuer of exchange-traded funds (ETFs), has filed a proposal to list and trade spot Ethereum (ETH) ETF shares on the New York Stock Exchange (NYSE). According to the filing with the United States Securities Exchange Commission (SEC), the ProShares Ethereum ETF will use Coinbase Custody Trust Company for ETH custody. The asset manager noted that the firm and its associated parties will not engage in activities related to Ethereum staking. Crypto.news reported that potential spot Ethereum ETF issuers have revised their 19b-4 and S-1 filings to exclude…

Analyst Sets Sights On $33 Target

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Chainlink (LINK), the oracle network powering decentralized applications (dApps), has been making waves in the crypto market. After a successful surge, the digital asset is now setting its sights on even higher ground, with analysts predicting a bullish run and price targets as high as $33. At the time of writing, LINK was trading at $16.27, down 6.4% and 11.0% in the daily and weekly timeframes, data from Coingecko shows. Related Reading Support Levels And Re-accumulation Signal Bullish Trend LINK’s recent price action has analysts excited. The token decisively broke…

VeChain’s VET and VTHO Tokens Listed on Revolut, Expanding Blockchain Accessibility

VeChain has announced that its native tokens, VET and VTHO, are now listed on the Revolut platform, marking a significant step towards mainstream blockchain adoption. According to VeChain Official, this development makes it easier for the public to access and trade these tokens via Revolut’s user-friendly digital banking app. Revolut: A Fintech Powerhouse Revolut, founded in 2015, has quickly become a leading name in the fintech industry. The platform boasts millions of users worldwide and offers a wide array of services including traditional banking, money…