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Showing posts with the label price analysis

Shiba Inu Gains Momentum: SHIB Set To Outpace Dogecoin In 2025

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The wait is finally over, with the leading meme coin, Shiba Inu, raking in huge gains in the past 24 hours. People’s favorite crypto has risen 14% in the last 24 hours. SHIB has also gained a massive 54% uptick in the last seven days due to Bitcoin’s spectacular surge to $80K. As Bitcoin continues to soar, with predictions of it hitting new highs soon, Shiba Inu is also surging in tandem with the token and is set to outpace Dogecoin in 2025. Here’s how. Also Read: Ripple XRP Rallies 17%: Can It Hit $1 In November? Dogecoin vs. Shiba Inu: Trending Token Analysis for 2025 Source – Bankrate Shiba Inu and Dogecoin are both the most promising meme coins in the world of cryptocurrency. However, a notable research platform, Sistine Research, has come up with a new Analysis , favoring SHIB’s ascent to new highs in the year 2025. The platform released a new chart on the Shiba Inu Dogecoin trading pair, adding how SHIB is poised to gain new momentum in the year 2025. The chart effortlessly shows

AI predicts XRP price if SEC appeals Ripple case

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Following the major legal ruling in the Ripple and Securities Exchange Commission (SEC) case, attention has shifted to the value of XRP and its potential to rally toward $1. In the ruling, the court imposed a $125 million civil penalty on Ripple but rejected the SEC’s attempt to classify XRP as a security, particularly in its secondary market sales.  Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized that the SEC’s appeal would not alter XRP’s non-security status, noting that higher courts rarely overturn such decisions. Picks for you Ann Coulter's net worth 2024: How rich is the conservative firebrand? 11 mins ago 3 cryptocurrencies to turn $100 into $1,000 in Q4 2024 39 mins ago

Bitcoin miners enter $482m buying spree amid BTC price slump

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Bitcoin price dipped to a 40-day low of $40,700 on Jan 19, sparking concerns of major liquidations if it loses the $40,000 support.  Since the much-anticipated spot ETF approval verdict, Bitcoin (BTC) has delivered sideways price performance. Another sell-off wave on Jan. 19 saw prices tumble toward $40,000 for the first time since mid-December.  Miners acquired BTC worth $482 million amid market downturn On Jan. 19, Bitcoin price tumbled below $40,700 for the first time in 40 days, having consolidated within the $42,000 to $43,000 range for the better part of the past week. However, on-chain data trends reveal that the bullish miners swooped in to defend the vital $40,000 support level. Cryptoquant’s miner reserve metric shows how many balances are currently held in wallets controlled by recognized mining firms and pools. The chart below shows that Bitcoin miners increased their reserves by 12,058 BTC on Jan. 19 alone.  Bitcoin (BTC) MIners Reserves vs. Price | Source: CryptoQ

Analyst says XRP may see huge boost in coming days

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A popular crypto YouTube personality known as The Bearable Bull predicts major changes are coming for XRP and the broader crypto market around Nov. 19. In a video posted on Nov. 16, the influencer pointed to an important date on the horizon that could trigger a bull run for XRP and other altcoins. He cited the SWIFT global payments network’s plans to fully launch its new ISO 20022 standard on Nov. 19. ISO 20022 is a new messaging standard that allows more data to be included in financial transactions. It also enables interoperability between different systems. The Bearable Bull suggested the new standard will “begin” in three days as part of a series of upgrades to modernize the global financial infrastructure. He believes the timing aligns closely with Ripple’s vision for cross-border payments and its XRP cryptocurrency. Ripple has been working for years to disrupt the legacy SWIFT system with its blockchain-based network. The company’s executives have met with officials from

Bitcoin slides amid decrease in whale transactions

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Bitcoin’s (BTC) price slightly declined while whale activity constantly showed downward momentum.  According to an X post by the market analysis company CryptoQuant, whales that led the downward trend in July 2022 haven’t been making moves lately. Per the post, these whales hold between 1,000 and 10,000 Bitcoins.  Large-scale selling liquidity remains low. "Whales in the 1k~10k range that led the downward trend are still relatively quiet. Entities still exerting selling pressure are in the range of 10 to 100 $BTC.." by @mignoletkr pic.twitter.com/QZrRlOYVkt — CryptoQuant.com (@cryptoquant_com) November 6, 2023 The current selling pressure, according to CryptoQuant, comes from whale s holding between 10 and 100 BTC. You might also like: FTX is ready to sell Grayscale and Bitwise trust assets Moreover, data from the market intelligence platform Santiment shows that the number of whale transactions consisting of at least $100,000 worth of Bitcoin has been const

Whale transferred 6,500 Bitcoins as price reached $36k

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Three wallets possibly be owned by the same person moved 6,500 BTC for the first time in six years. According to blockchain explorer OKLink, Bit coins (BTC) arrived at these three addresses on Nov. 5, 2017. The value of the transferred bit coins at the current price exceeds $230m. Bitcoin addresses | Source: OKLink According to on-chain data, the bit coins transferred by the whale belong to the so-called “ancient reserve”. This is what analysts call coins purchased or mined at least 7 years ago. Some BTC came from an address marked on bitinfocharts as F2Pool, which may belong to early miners. On Nov. 1, the Bitcoin rate set a new high from May 2022. At the moment, the price of the asset was above $36,000. Against the backdrop of a jump in the Bitcoin rate, the volume of liquidations on futures contracts reached $161m in 24 hours, according to CoinGlass. Source: CoinGlass In addition, all assets from the top 10 by capitalization are in the “green” zone, according t

Axie Infinity gains 16% amid increased whale transactions 

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Axie Infinity (AXS) is the biggest gainer among the largest 100 crypto assets, surging by 16% in the past 24 hours amid increased whale transactions and development activity. The asset’s recent uptrend began on Oct. 20 following a collapse to an 11-month low of $4.05 on Oct. 19. Axie Infinity began registering impressive gains following the massive drop, recording a historical nine winning sessions out of ten days since Oct. 20.  AXS price, social volume and whale activity – Oct. 30 | Source: Santiment Notably, the upswing gained momentum on Oct. 28 amid the sustained bullish sentiments surrounding the broader crypto market. While Bitcoin (BTC) and other assets have witnessed a drop in bullish momentum, AXS has retained its run, surging to a 2-month high of $6 on Oct. 30. Despite the resistance the asset faced at the $6 territory, it has maintained a value above the $5 psychological price threshold. This resilience demonstrated by AXS has sealed its spot as the largest gainer

BCH gains 112% following EDX Markets listing

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Bitcoin cash (BCH) has experienced a surge of 112% in value within a week of being listed on EDX Markets, a platform supported by prominent financial institutions. BCH reaches new heights Bitcoin cash (BCH) has witnessed an extraordinary surge, with its value skyrocketing by 112% over the past seven days. This remarkable upswing can be attributed to two significant factors: BlackRock’s application for a bitcoin spot ETF and the launch of EDX Markets. BlackRock’s recent application for a bitcoin spot ETF has triggered excitement in the cryptocurrency market. This interest has created a bullish sentiment around bitcoin and projects like bitcoin cash. You might also like: Bitcoin Cash (BCH) Undergoes Halving; Here’s All You Need to Know The introduction of EDX Markets has also emerged as a catalyst for bitcoin cash’s (BCH) recent price surge.  EDX Markets, a trading platform specifically designed for institutional investors, has gained immense attention due to its backing b

Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

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BTC and altcoins are pulling back sharply, but is today’s correction a simple lower support retest, or a sign of worse things to come? The United States equities markets saw their worst performance of 2023 as concerned investors dumped stocks on Feb. 21, fearing continued rate hikes by the U.S. Federal Reserve. Although the cryptocurrency Markets also gave back some of the gains, the fall was comparatively muted. UTXO Management senior analyst Dylan LeClair said that Bitcoin’s (BTC) correlation to the S&P 500 index has fallen to the lowest since late 2021. After the sharp recovery from the lows, Glassnode data showed that only 21% of the coins sent by Long-Term Holders to exchanges at the start of this week moved at a loss. That is a huge improvement from mid-January when 56% of LTH coins sent to exchanges were moved at a loss. Daily cryptocurrency market performance. Source: Coin360 The decoupling of the crypto and the U.S. equities markets is a positive sign but traders must re