Popular onchain analyst Willy Woo has predicted a potential bitcoin price surge to $650,000 at the bull market’s peak. His prediction hinges on spot bitcoin exchange-traded fund (ETF) investors fully deploying their assets based on recommendations from asset managers. “These are very conservative numbers. Bitcoin will beat gold cap when ETFs have completed their role,” […] Original
The tax implications of Celsius, which finalized its bankruptcy in January, are complex. Creditors are categorized into specific groups, each with different rights and claim treatments. And that’s without even considering those who sold their claims to creditors who’ll face different tax implications on top of this. Furthermore, the preferential way to deal with your Celsius transactions from a tax perspective will also depend on the amount you had in Celsius, your total annual income, and many other circumstances. Source
Trader and market analyst Peter Brandt has provided valuable perspectives on the recent price movement of Solana (SOL), suggesting the completion of a notable chart pattern. In particular, Brandt has noted a descending triangle pattern forming on Solana’s 4-hour price chart. Identified Chart Pattern On SOL And Its Implications The descending triangle pattern identified by lower highs and a horizontal support line is often interpreted in technical analysis as a signal of a potential downtrend continuation. Brandt’s recent post highlighted the completion of this pattern, drawing attention to a crucial…
Dogwifhat (WIF) has been on a wild ride this week. As of Tuesday evening, its value surged by nearly 10%, however, the canine-inspired cryptocurrency could not sustain the momentum and by Wednesday, it lost 14% of its value. Dogwifhat’s Aggressive Rise And Sudden Dip The rollercoaster ride began with a bang. Dogwifhat, a newcomer to the meme coin scene built on the Solana blockchain, quickly drew investor interest. Its lighthearted name and association with the ever-popular dog meme trend fueled a buying frenzy, pushing its price up by double digits.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Litecoin and Cardano holders look for promising new opportunities, Fezoo’s presale emerges as a hotbed of potential with its fast transactions and advanced trading features. There has been a recent boom in the cryptocurrency space, favoring several investors. While many mainstream coins have performed excellently, Litecoin and Cardano are yet to catch up. With analysts predicting huge gains from new tokens, their holders want to reinvest in projects…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi’s RECQ presale is poised for a 237% surge before its launch, while Cardano (ADA) and XRP are expected to climb above $0.80. The crypto market experienced a significant decline at the start of Q2 2024, causing top crypto coins Cardano (ADA) and XRP prices to fall. In light of the prevailing negative market sentiment, investors are increasingly gravitating towards Rebel Satoshi, a new ICO generating significant buzz…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana (SOL) navigates a surprising 6.5% dip, the spotlight shifts to InQubeta’s (QUBE) presale results, raising $13 million and challenging Hedera (HBAR) with its AI integration in blockchain. Once named among the best cryptocurrencies to buy, Solana (SOL) is currently wading through choppy waters. The decentralized platform had been riding high following the success of its meme coins. Solana’s market capitalization was on the rise when its price…
CryptoRank presented a report on the state of venture capital funding in the industry for the first quarter. Analysts said investors have become more cautious, noting the divergence in Bitcoin’s (BTC) price with the number of rounds and funding volume. In the first three months, 422 rounds were conducted for $2.3 billion. “This phenomenon underscores a growing trend wherein venture funds exercise greater caution and discernment in their crypto investments.” CryptoRank report Only six projects attracted more than $50 million, while most deals were concluded in the $1 million to…
CoinspeakerArthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers Co-founder of BitMEX Arthur Hayes caused bearish fallout for GMX price this morning after unstaking 237,672.8 GMX, worth almost $10 million, and transferring it to the market maker of NFT marketplace Blur. Hayes was set to make over $3 million in profit from the potential selloff, as reported by Lookonchain. The market responded quickly, resulting in a sharp 10% price drop as GMX fell from highs of around $41 to $37. The unstaked GMX tokens cannot be tracked…
The world of cryptocurrency can be a curious place. While established coins like Bitcoin and Ethereum, and even Solana dominate headlines, a new breed of tokens – meme coins – have captured the imagination (and wallets) of a growing number of investors. These coins, often featuring playful mascots and fueled by online hype, can experience explosive growth, but also come with a significant risk of volatility and even scams. Enter Slothana (SLOTH), the latest Solana-based meme coin making waves in the crypto community. Launched just recently, Slothana has garnered significant…