A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs. Bitcoin Anticipated To Hit $100,000 In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ disclosed that he was more pessimistic on altcoins than Bitcoin, the world’s largest cryptocurrency. DonAlt believes that Bitcoin could witness a mega rally, pushing its price to trade at $100,000 in…
Day: July 10, 2024
Litecoin (LTC) Whales Boost Exchange Inflows amid Price Decline
CoinspeakerLitecoin (LTC) Whales Boost Exchange Inflows amid Price Decline In the past week, there has been a notable increase in the movement of Litecoin (LTC) coins held by large investors to cryptocurrency exchanges. This uptick coincides with LTC’s declining value. The cryptocurrency is currently trading at a 15% loss over the past seven days. Large holders seem to be taking action to mitigate potential further losses amid these market conditions. Rising Selling Pressure from LTC Whales On-chain data indicates a sharp rise of over 464% in large holders’ netflow to…
Time to Buy Chiliz (CHZ)? Analyst Sets Sights on $0.43
With a strong mix of optimistic technical signs and a recent breakout from a downtrend, Chiliz (CHZ), the digital money driving the sports fan engagement website Socios.com, is creating buzz in the crypto market. Related Reading CHZ Primed For Growth Reflecting a rising confidence among investors, CHZ has been on a consistent increase throughout the medium to long term. The way the token treats a significant resistance level of $0.16 accentuates this good attitude even more. A successful breach of this barrier could set off a buying frenzy that drives…
Bitcoin price needs just this one catalyst: Pompliano
Bitcoin price remains in a bear market after dropping by over 21% from its highest level this year. BTC was trading at $57,700 on Wednesday, down from the year-to-date high of $73,816. Pompliano talks Bitcoin price action Anthony Pompliano, one of the best-known crypto investors, has shared the reasons he believes that Bitcoin price has moved into a bear market. As we have covered before, he noted that the German government is liquidating Bitcoins worth over $2 billion that it seized from a dark web site. The government continued sending…
Bitcoin Price (BTC) at Pivotal Point
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Stop Trying to Sell Gamers What They Don’t Want
Years ago, indie game developers discovered that empowering their communities to contribute to development, testing, and marketing is the key to building an impactful (and profitable) game on a tight budget. Releasing early access builds and doing community playtesting offers a huge spectrum of benefits from practical bug testing to getting feedback on identifying and connecting their game with the exact target audience. All without spending money to acquire that information and service. By involving their communities early and often, game developers also build a network of evangelists that feel…
Solana Is Going ‘Parabolic Soon’ As Firedancer Draws Closer
After falling below the $121 price mark last week, the Solana has shown a strong rebound. The SOL price is up 19% from the local low. But the current setup of the Solana price suggests the potential for an even stronger upward breakout, similar to that of summer 2021, according to popular crypto analyst Daan de Rover, better known as Crypto Rover. From the end of July 2021 to the beginning of November 2021, SOL rallied by more than 1,100%. The chart shared by Rover displays Solana’s price action on…
CoinDesk 20 Performance Update: RNDR and NEAR Lead Gains as Index Inches Higher
The CoinDesk 20 is currently trading at 1975.16, marking a slight 0.7% increase since yesterday. Source
Crypto Investment Firm Hypersphere Unveils $130M Market Fund Called Atlas
“Our hope is that the combined effect of these allows us to create a product where we have the benefit of being in crypto, participating in the growth of the asset class, as well as minimizing volatility through better liquidity and offering steady, stable returns,” Platts said in an interview. Source
GSR and Wealth Manager St. Gotthard Execute Options Trade Tied to CoinDesk 20 Index
The CoinDesk 20 was launched in January. It is a cryptocurrency market benchmark that measures the performance of the largest digital assets, similar to the S&P 500 Index or Dow Jones Industrial Average for U.S. equities. The largest constituents of the CD20 are bitcoin, at 30%, ether at 19%, SOL at 19% and XRP at 7%. Source