Tag: Analyst

XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024

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Despite its recent decline, XRP, one of the largest cryptocurrencies by market cap, now holds the potential for substantial gains. Particularly, according to a recent technical analysis by Amonyx, XRP is poised for a bullish run against both the United States dollar and Bitcoin throughout 2024. This optimism is grounded in several key technical indicators and historical price actions, suggesting that XRP might soon experience notable price movements. Technical Forecast: XRP Path In 2024 Amonyx’s technical assessment focuses on the long-term price trends of XRP, particularly its performance within an…

Solana Down 40% But Analyst Says Now’s The Time To Buy SOL

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Solana, one of the top altcoins, trailing Ethereum and the BNB Chain, has not been spared in the recent correction. After rallying to as high as $210 in Q1 2024, the coin is now sliding, facing strong headwinds, plunging, and following the performance posted by Bitcoin and Ethereum. Is This The Best Time To Buy Solana? Even amid this deep retracement, Raol Pal, a macro analyst, thinks this is the best time for investors and traders to consider Solana. In a post on X, Pal said traders may look at…

Ethereum Price To Hit $10,000, ‘Just The Way The Chips Have Fallen,’ Analyst Says

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Crypto analyst and trader Tyler Durden has revealed his bullish sentiment towards Ethereum (ETH). The analyst suggested that the ETH rise was inevitable and that it was better for traders to go with the tide.  Ethereum Is Set To Rise To $10,000 Durden mentioned in an X (formerly Twitter) post that Ethereum to $10,000 is the “most asymmetric bet” in crypto today. He further stated that “as annoying as that is, [it’s] just the way the chips have fallen,” suggesting that ETH’s rise to this price level was inevitable. He…

analyst reiterates Buy rating and $4 price target

HC Wainwright has reiterated a buy rating with a target price of $4 for the Bitfarms (NASDAQ:BITF) stock. According to HC Wainwright analyst Mike Colonnese, Bitfarms is currently one of the “most attractively valued stocks in BTC mining.” The company’s indication that it’s open to a sale if that maximizes shareholder value suggests that any successful bid could come at a hefty premium compared to where BITF currently trades. Colonnese, who initiated coverage for the Bitcoin mining firm’s stock early this month, issued the bullish forecast for BITF in a…

Altcoin Massacre? Prices Drop 40-90%, Recovery Stalled: Analyst

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The once-sizzling altcoin market is facing a harsh reality check. Prices have plummeted a staggering 40-90% in recent months, mirroring past crashes but with a glacial pace that’s leaving investors numb. Renowned crypto analyst Daan Crypto sees this as a necessary correction, albeit a slow and potentially painful one. Related Reading Echoes Of Crashes Past, But With A Muted Roar Seasoned crypto veterans might be experiencing a sense of deja vu. The scene: altcoin prices in freefall, portfolios hemorrhaging value. The twist? This bear market, while no less brutal in…

This Is The Biggest Issue With Altcoins This Cycle: Crypto Analyst

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In a thread on X, Miles Deutscher, a renowned figure in the crypto analysis sector, has dissected what he views as a critical flaw in the current altcoin market. Addressing his extensive following, Deutscher elaborated on the impact of the rapid increase in the number of new crypto tokens, an issue he believes to be at the core of the altcoins’ underperformance in this cycle. The Proliferation Of Crypto Since April 2024, the crypto landscape has witnessed the introduction of over 1 million new crypto tokens, with a notable half…

Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why

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Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too scary when considering the trend in the Unrealized Loss. The “Unrealized Loss” here refers to an on-chain indicator that keeps track of the total loss that addresses across the Bitcoin network are holding right now.…

Analyst: Bank of Thailand Boosts Gold Reserves to Push De-Dollarized Trading System Fueled by CBDC

The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. […] Source CryptoX Portal

Analyst Predicts A Run Above $0.00015 If This Happens

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Shiba Inu has received another bullish prediction from a crypto analyst, highlighting the expectations that the meme coin is far from done. This time around, a crypto analyst has predicted a notable surge in the SHIB price, with the expectation that it will reach a new all-time high by the time the rally is complete. Shiba Inu Poised For New All-Time Highs In an analysis posted on X (formerly Twitter), crypto analyst Javon Marks has shared a rather bullish expectation for the Shiba Inu price. Marks, who has been quite…

Analyst Predicts Rise To $200 Amid 300% Surge In Volume

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Crypto analyst Egrag Crypto has provided insights into the XRP future trajectory, predicting that the crypto token could rise to three digits. His prediction comes amid a recent spike in XRP’s trading volume, which also provides a bullish case for the crypto token.  XRP To Reach $200 At Some Point Egrag suggested in an X (formerly Twitter) post that XRP could reach $200 at some point based on its next triangle consolidation. He stated that in the future, newbies would talk about how XRP’s price has remained stagnant at around…