Meanwhile, Russian President Vladimir Putin signed a bill that legalizes crypto mining in the country. “Russia seems to be acting to keep up with the US. Nation-level bitcoin FOMO (fear of missing out) is heating up,” said Ki Young Ju, CEO of crypto analytics firm CryptoQuant. “Their entry will boost the hashrate, strengthen network fundamentals, and diversify miner politics.” Source
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A crypto analyst predicts that the price of XRP, the native token of the XRP Ledger (XRPL) could witness a 1,000X rally soon. Despite the recent significant decline in the cryptocurrency’s price, the analyst remains confident in the future outlook of XRP. Related Reading XRP Gears Up For 1,000X Surge A crypto analyst identified as ‘Mickle’ on X (formerly Twitter) has shared bullish insights on XRP’s future value, emphasizing the cryptocurrency’s potential to break out of bearish trends and witness a massive rally to new highs. During his video post,…
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with […] Source CryptoX Portal
The XRP price has been experiencing notable movements since the last week of July, closely linked to updates about a potential settlement between the SEC and Ripple. This anticipation has significantly influenced XRP’s market performance, causing a remarkable surge in its price as it skyrocketed from $0.599 to $0.655 in just a matter of hours. Although the price has since corrected, this rapid increase has once again highlighted XRP’s potential and its ability to draw substantial investor interest. According to a crypto analyst, XRP is just waiting to break out…
Two market experts recently revised their predictions for Ethereum, with one claiming that the second-largest crypto token could rise to as high as $100,000. Interestingly, these ultra-bullish predictions align with some predictions made by financial institutions. Ethereum To Rise To $50,000 Ethereum maximalist Adriano Feria predicted in an X (formerly Twitter) post that Ethereum could reach $50,000 in this market cycle. He made this bold prediction in response to Ethereum developer Eric Conner’s prediction that ETH will reach $35,000 this cycle. Conner had initially predicted that ETH would rise above…
Ki Young Ju has reported a significant rise in limit buy orders for altcoins, signaling a potential rally. This surge suggests that investors are establishing strong buy walls for altcoins, excluding Bitcoin (BTC) and Ethereum (ETH), possibly in anticipation of an impending altcoin rally. “Whales are preparing for the next altcoin rally,” Ju posted on X. The increase in limit buy order volume indicates robust buying interest, which often precedes market upswings. For those unfamiliar, limit orders create “quote volume” on exchanges, while market orders generate “taker volume.” Whales and…
Solana (SOL) was recently in the spotlight after the US Securities and Exchange Commission (SEC) adjusted its complaint regarding the classification of SOL. The network also ranked as the second largest revenue-generating crypto project on Monday. Following this, some market watchers shared their predictions regarding the token’s recent performance. Some highlighted that a recent rejection of a key level could plunge the prince to $150 before it’s ready for a massive rally. Analysts Set New ATH Targets For Solana On Tuesday, crypto trader Yoddha forecasted his price target for Solana…
Industry experts expressed optimism about the sector and the leading cryptocurrency’s price performance post-halving in comments to crypto.news today, July 31. Bitcoin mining has been in the spotlight since the latest Bitcoin halving in April. The post-halving scenario typically marks a period of struggle for miners, as it reduces mining rewards, which, of course, affects miners’ profitability. However, in comments to crypto.news today, several mining industry insiders suggested that Bitcoin miners are bullish on the current market outlook. According to Sascha Grumbach, founder and CEO of Green Mining DAO, miners…
AIOZ Network, a decentralized crypto platform focused on integrating artificial intelligence into Web3 and storage solutions, has seen its upward momentum cool off amid broader crypto market declines. The AIOZ Network (AIOZ) token traded to highs of $0.67 on July 29 before giving up some of the gains as the altcoin market pared gains alongside Bitcoin (BTC). The DePIN project’s slight dip at the time of writing meant AIOZ hovered just above $0.60, with 24-hour gains trimmed to around 10%. However, AIOZ’s trading volume surged by over 570% to more…