Tag: Major

Bitwise CIO Unveils 5 Major Forecasts For Bitcoin 2028 Halving, Anticipates A 280% Price Surge

boss

Bitwise Chief Information Officer (CIO) Matt Hougan recently shared five interesting predictions for the next Halving of the Bitcoin (BTC) network, scheduled for 2028. In a comprehensive report, Hougan sheds light on the potential transformations for the world’s leading cryptocurrency. New Investors And ETFs As Catalysts One of Hougan’s key predictions is that Bitcoin’s volatility will significantly decline by 50%. He argues that the entry of new investors through the spot Bitcoin exchange-traded fund (ETF) market will drive this decline.  Hougan said that as financial advisors, family offices, and institutions…

Stacks Begins 2-Step Rollout of Major ‘Nakamoto’ Overhaul

Called Nakamoto, honoring Bitcoin’s pseudonymous creator, the upgrade will decouple the Stacks block production schedule from Bitcoin’s. Although the layer-2 network has a higher transaction throughput than Bitcoin (which processes about 7 transactions per second), as initially designed, Stacks produced blocks at the same rate as Bitcoin, leading to congestion issues, network creator Muneeb Ali told CoinDesk. Source

3 Major Metrics To Watch Out For That Can Impact Ethereum Prices

boss

The crypto market has been plagued with increased volatility lately, with the second largest crypto token by market cap, Ethereum (ETH), not exempt. This has made it harder to determine Ethereum’s future trajectory. However, certain metrics indicate what direction ETH’s price could head in when this volatility subsides.  Ethereum Investors Are Bullish Data from Coinglass shows that most Ethereum investors and traders are still bullish on the crypto token despite recent fluctuating prices. Specifically, most of these traders have continued to open long positions on Ethereum, meaning they are betting…

IRS Releases Draft Tax Form for Digital Assets — Expert Raises ‘Major Privacy and Security Concerns’

The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such as wallet addresses, […] Source CryptoX Portal

Injective Votes On Major Upgrade To Make INJ Even More Deflationary: Will Prices Recover?

boss

Injective Protocol, a blockchain for decentralized finance (DeFi) and derivatives trading, is voting on a proposal to significantly reshape the platform’s tokenomics and introduce a new era dubbed Injective 3.0. According to Injective, through a post on April 19, the proposal is now open for voting via the Injective Hub. For the next four days, stakers and validators are free to participate.  Community Voting On Injective 3.0 Over the months since launching in 2023, Injective caught the crypto community’s attention. The team aims to launch a platform for users to launch DeFi-focused…

Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions

boss

PRESS RELEASE. April 19th, 2024 — Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), […] Original

Bitcoin Price Still At Risk of Major Downside Break Below $60K

boss

Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone. The price is trading below $62,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if it settles below the $60,000 support…

Cat-Themed Memecoin Up 14.9% After Major Exchange Listing

boss

Memecoins have been the most popular narrative of Q1 2024, with dog-inspired tokens leading the pack. However, one memecoin has been jumping on the roofs and assuring everybody hears it meow. Cat in a dogs world (MEW) is a new player in the memecoin market, having been out for less than a month. In this short time, the token has left its clowder behind and joined the high ranks of the top ten memecoins by market capitalization.` From The Roofs To The Ocean The memecoin started remarkably, with a 267.54%…

Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact?

boss

On-chain data shows the next major Bitcoin demand zone is around $56,000, a level BTC might end up revisiting if the decline continues. Bitcoin Has Next Major On-Chain Support Around $56,000 According to data from the market intelligence platform IntoTheBlock, BTC’s recent drawdown has meant that it may end up having to rely on the price range around $56,000 for support. In on-chain analysis, a level’s potential as support or resistance is based on the total number of coins that the investors last acquired there. Below is a chart that…