Tag: outperform

BlackRock’s IBIT continues to outperform amidst new ad launch

Asset management giant BlackRock’s iShare’s Bitcoin Trust (IBIT) recorded inflows of $192 million on April 11, according to data from Farside Investors. The spot Bitcoin ETF, currently holding 266,587 Bitcoin, significantly outperformed its competitors, with Bitwise’s Bitcoin ETF coming in second with only $11.1 million in inflows. Meanwhile, Grayscale’s Bitcoin fund saw outflows of approximately $125 million. A day before, on April 11, IBIT reached a volume of $300 million within the first 30 minutes of trading, ranking it among the top 10 ETFs in terms of volume. As of…

Bitcoin (BTC) Continues to Outperform Nvidia (NVDA) as BTC RSI Hits Highest Level Since 2021

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3 Reasons Ethereum Price Could outperform Bitcoin in 2024

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Ethereum price broke above $3,9500 barrier again on Feb. 22, while Bitcoin price rally struggles for momentum: 3 vital market metrics suggest ETH could further extend its lead over BTC in the weeks ahead.  Ethereum (ETH) and Bitcoin (BTC) are historically closely correlated, but in 2024, ETH seems to have gained the upper hand. A deep dive into the on-chain data trends and expert analysis provides key insights into which asset would come out on top as the year unfolds.  Is Ethereum better than Bitcoin in 2024?  So far in…

Ethereum is set to outperform Bitcoin as the spot ETH ETF narrative comes into play, analysts say

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Analysts at QCP Capital note that despite Bitcoin’s quick drop to $59,000, funding is back to sensible levels and the more likely scenario is the outperformance of the ETH/BTC pair. In a volatile overnight session, Bitcoin (BTC) quickly set a new all-time high of $69,400 only to undergo a rapid decline, plummeting to $59,200 within a matter of a few hours. This steep downturn resulted in the liquidation of over $1 billion worth of leveraged long positions on Binance alone. However, as noted by analysts at QCP Capital, the market…

this coin may outperform Bitcoin and Ethereum in 2024

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Although the broader market has been relatively flat, the Bitcoin Minetrix presale has been active, pushing raised amount to over $10.3 million. Some supporters now believe Bitcoin Minetrix (BTCMTX) could outpace top coins like Bitcoin (BTC) and Ethereum (ETH) in 2024. The project incorporates a stake-to-mine model for utility, adding value to its ecosystem. BTCMTX versus BTC and ETH  Since Bitcoin and Ethereum are considered some of the safest (least volatile) cryptocurrencies, market participants often expect more sizable returns when buying other projects. New coins typically have more upside potential…

Solana DEXs Outperform Ethereum In Key Metric

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Recent data shows that Solana-based decentralized exchanges (DEXs) have taken Ethereum’s spot in a key metric, creating expectations and positive sentiment for the Solana (SOL) ecosystem. Solana DEXs Outperform Ethereum According to data from DeFiLlama, Solana-based decentralized exchanges (DEXs) have flipped Ethereum in daily trading volume. Over the last 24 hours, Solana’s $1.14 billion trading volume surpasses Ethereum DEX’s $1.133 billion trading volume. This accomplishment occurred for the first time in December of 2023 when Solana’s daily DEX volume reached $1.475 billion, surpassing Ethereum’s $1.164 billion, and hit a growing…

Analyst says Bitcoin can soar to $1 m; Borroe Finance may outperform Chainlink in 2024

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With JAN3 CEO Samson Mow saying Bitcoin could hit the $1 million mark based on ETF-trigerred inflows and historical growth patterns, the feasibility of this analysis remains to be seen. Meanwhile, Borroe Finance (ROE) is a web3 protocol growing in stature based on its unique revenue financing approach, with pundits maintaining that it could outperform Chainlink (LINK) this year. Borroe Finance offers instant liquidity in web3 The lack of…

Why SHIB Could Outperform Dogecoin Price in February 2024

Dogecoin and Shiba Inu have posted identical price performance in January, with the two largest memes coins shedding 17% as of Jan. 26. Positive speculations about a proposed XPayments platform were a major driver for both Shiba Inu (SHIB) & Dogecoin (DOGE) communities during the month, but as bearish headwinds swept across the broader crypto market, the mega-cap memecoins also succumbed to downward pressure.  Notably, Dogecoin miners’ recent trading activity could see DOGE prices fall behind SHIB in the weeks ahead.  DOGE and SHIB posted identical performance in January  With…

Uniswap, Pullix, and Tezos outperform; exceed analysts’ forecasts

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The past week has been a rollercoaster in crypto. While attention is fixed on Bitcoin and Solana, a few other altcoins like Uniswap (UNI), Pullix (PLX), and Tezos (XTZ) have also been trending higher. UNI rose to a yearly high of $7.8 in December.  Despite a recent dip, UNI is still bullish, adding 10% in the past month.  Overall, UNI averaged $6 in 2023. This suggests that the token…