Tag: Bullish

Ripple’s XRP to continue bullish momentum, analyst predicts

XRP, the cryptocurrency associated with Ripple, has been witnessing an upward price surge and market sentiment. So far this month, XRP has risen by over 37%. Analysts are now predicting further increases for the asset in the near term, buoyed by positive developments, including its legal victory against the U.S. Securities and Exchange Commission (SEC). XRP price analysis Analysts are observing a positive trajectory for XRP, aligning with the broader crypto market trends. The token is aiming to breach the $1 mark in its pursuit of a new all-time high. …

VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K

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Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 times by the end of 2024. Additionally, the halving will reduce the supply by half. Saylor expects both these events will cause the price “to adjust up.”  With almost a general consensus that Bitcoin’s price will move higher in 2024,…

supporters of NuggetRush, Solana, and Arbitrum bullish

NuggetRush (NUGX) offers an immersive play-to-earn (P2E) experience where users mine minerals and earn valuable rewards. It includes non-fungible token (NFT) characters, realistic gameplay, and plans for an active marketplace. Solana (SOL) achieved a milestone by making its nodes deployable on Amazon Web Services (AWS) through the Node Runner app, enhancing accessibility and integration. Arbitrum (ARB) and Gitcoin Winter are launching three donation programs, including The Arbitrum Citizens Retrofunding Round #1, where the community will distribute 100,000 ARB to those impacting Arbitrum DAO. NuggetRush (NUGX) blends adventure, NFTs, and real-world…

CME, Where Institutions Trade Bitcoin, Flipped Binance in Futures Volumes. Is That as Bullish as It Sounds?

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But, if you believe in efficient markets, then you’d have to think a pre-scheduled event that 99.9% of all bitcoin holders know about and eagerly await would have to be “priced in.” Then again, it’s hard to say crypto markets are efficient. And the same guys who thought up the Efficient Markets theory also said it’s impossible to find a $10 bill on the street, because, if it was there, it’d already be pocketed by someone. Yet I find (and lose) money all the time, and crypto traders sometimes make…

Is it altseason? Altcoin 30-day performance and total market cap flash bullish

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A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived.  Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive market capitalization increase of the total altcoin market cap. Let’s take a look at some key indicators that market participants use to determine whether or not an altcoin season has emerged. Total crypto market capitalization…

Analyst Predicts 2450% XRP Price Surge After Bullish Crossover

In a detailed analysis, crypto analyst Egrag has forecasted a remarkable 2450% rise in the XRP price, citing a bullish crossover in the 2-week XRP market cap chart, where the 21 Exponential Moving Average (EMA) has exceeded the 55 Moving Average (MA). This pattern is typically seen as a precursor to substantial price increases. Egrag, through a post via X, emphasized the significance of this development: “XRP CONFIRMED KABOOM: […] On the 2-Week Time Frame, we’ve witnessed an exciting development as the 21 EMA has crossed over the 55 MA. This…

Apart From the Spot ETF Narrative Here Are the ‘Overlooked’ Bullish Tailwinds for Bitcoin

Bitcoin has more than doubled this year, in line with its record of beginning new bull trends in 12 or more months leading up to the reward halving. The fourth halving is due in March/April 2024. The latest cycle, however, looks different than previous ones, thanks to bitcoin’s strengthening safe-haven appeal, according to Noelle Acheson, author of the widely-followed Crypto is Macro Now newsletter told CoinDesk. Source

Record Highs In Long-Term Holdings Signal A Bullish Horizon

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Amid fluctuating markets and economic uncertainty, Bitcoin long-term investors hold their coins tighter than ever. Data from blockchain analysis firm Glassnode reveals a notable trend: a significant portion of Bitcoin’s circulating supply is firmly in the hands of long-term holders, with figures reaching record heights. Notably, the trend of Bitcoin being tightly held is not a new phenomenon, but the level of accumulation we’re witnessing today appears unprecedented. Glassnode’s research points out that the community of long-term Bitcoin holders is not just growing but doing so at an “impressive rate…

Bitcoin Indicator Predicts Bullish Trends

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Bitcoin (BTC) enthusiasts are keeping a close eye on the latest market trends, and the recent insights from Glassnode’s co-founders, Jan Happel and Yann Allemann, have stirred up a new wave of excitement.  The duo, known by their Negentropic handle on the social media platform X, have shared some compelling perspectives that shed light on the current dynamics of the BTC market. Bitcoin’s market demand has outpaced its supply, a clear sign of robust positive momentum. In just one day, a whopping 700,000 new BTC addresses joined the network. This…