Tag: Investors

XRP, cardano tank in crypto crash, investors flow to new altcoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto prices have plunged over the past 24 hours, but XRP and Cardano are among the biggest hit, down 9.08% and 8.54%, respectively.  However, market participants have found solitude in the newly launched presale Bitcoin Minetrix, which continues to gather pace despite the market turbulence. XRP and ADA plunge With apprehension rising as the SEC’s Jan. 10 deadline to approve Bitcoin ETFs nears, crypto financial services platform Matrixport released…

Dogecoin Is Bullish? Crypto Analyst Gives Reasons Why Investors Should Pay Attention

boss

Crypto analyst Jaydee has made a bullish case for Dogecoin (DOGE) as he outlined several reasons why a significant price breakout may be on the horizon for the foremost meme coin. DOGE’s price saw a 370x gain the last time the indicators Jaydee highlighted materialized.  Why Crypto Investors Should Pay Attention To DOGE In a post on his X (formerly Twitter) platform, Jaydee noted three things that usually happen on the charts prior to DOGE experiencing a price breakout. The first indicator he mentioned was the Moving Average Convergence Divergence…

Polymarket investors confident of spot Bitcoin ETF nod by Jan. 15

boss

Traders taking bets on the platform predict a 90% chance the SEC will approve spot Bitcoin ETFs by mid-January, while the minority is hedging against the converse outcome. Shares of a “Bitcoin ETF approved by Jan 15” contract on Polymarket, a decentralized prediction venue, traded for 90 cents as speculation for a forthcoming decision from the U.S. Securities and Exchange Commission (SEC) dominated market sentiment.  At press time, the contract had attracted $441,315 worth of “YES” bets, with just 10% of traders choosing “NO”. These investors also admitted their opposing…

Cardano and Dogecoin investors considering newly launched presale project Pushd

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Digital asset traders are generally categorized into investors looking to make big, short-term gains and those in it for the long run. Cardano and Dogecoin have been good long-term investments. Meanwhile, newer projects like Pushd (PUSHD) offer short-term price appreciation potential and long-term utility and value. Here’s why crypto experts believe Pushd can outperform Dogecoin and Cardano in 2024. Cardano accumulation ahead of 2024 Cardano has finally picked up the pace…

Could a bitcoin ETF approval be a sell-the-news event? What investors are expecting on the big day

boss

Just a couple of weeks from now, the U.S. could have its first spot bitcoin ETF. The excitement around the prospect has been building for months, but the market may be a little overheated now. The chances that the ETF approval will be a sell-the-news event have been getting higher, according to CryptoQuant, which points to the fact that investors have been sitting on high unrealized profits – a trend that historically has preceded price corrections. In this case, bitcoin could correct all the way down to $32,000, the short-term…

Ethereum Price Up by 6% as Investors Brace for January

The recent gains of Ether mean that its price is now up 15% in one month compared to SOL’s 82%. The price of Ethereum (ETH) gained on Wednesday to further signal an industry-wide expectation of a rallying outlook in January. This is as investors continue to move into position as they await the expected uptrend. However, Ether’s recent gain – though not entirely surprising – has been an interesting watch. According to CoinMetrics, ETH saw a 6% rise in its price on Wednesday, while Solana’s SOL token, one of the…

Hong Kong to limit investors in purchasing stablecoins

Hong Kong authorities have proposed accepting and regulating fiat-pegged stablecoins (FRS). According to the document, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) will allow retail investors to purchase stablecoins, but note that their issuers must obtain a special local HKMA license. To obtain a license, companies must fully support all stablecoins in circulation with reserves equal to the face value, segregation and custody of reserve assets, disclosure, and regular reporting. They will also need to open an office in Hong Kong with…

Stacks rallying as Galaxy Fox captures crypto investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This week has been exciting, with Stacks (STX) leading the way and Galaxy Fox (GFOX) attracting crypto investors. Stacks rally after Draper’s endorsement Stacks rose 27% surge on Dec. 20, boosted by an endorsement from billionaire investor Tim Draper.  In a recent interview, Draper praised Stacks as the first “showstopper” among the crypto projects he explored this year. Launched in January 2021, Stacks is a layer-2 blockchain for Bitcoin.…

El Salvador Attracts Foreign Bitcoin Investors with Citizenship Offer

The legislative overhaul attracts the philanthropic foreigners keen on contributing to the economic, social, and cultural development of El Salvador through Bitcoin donations. In a recent development, the Legislative Assembly of El Salvador has reportedly approved a migration law that facilitates expedited citizenship for foreigners contributing Bitcoin (BTC) donations to government social and economic development programs. The reform, endorsed by Nayib Bukele’s New Ideas party, passed through the country’s legislature on December 21, as reported by Reuters. The new law is also anticipated to take effect in the coming days.…

Bitcoin bulls target $50k as investors accumulate Injective, Aptos, and Pullix

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following the recent crypto market flash crash, concerns about Bitcoin potentially dropping to the $30k level have surfaced. Investors are expressing fears, but market analysts suggest the current movement was within the last $30k range. Considering this scenario, diverting attention to other altcoins might be a strategic move for the ongoing bull market. Notably, some investors are already in the process of accumulating Injective (INJ), Aptos (APT), and Pullix…