Mechanism Capital’s Andrew Kang believes an Ether ETF would provide limited upside for the asset unless Ethereum “develops a compelling pathway to improve its economics.”
The post DigiByte Price Prediction 2024, 2025, 2030: Will DGB Price Surge 2X? appeared first on Coinpedia Fintech News
Story Highlights The live price of the DigiByte crypto is . DGB coin price may reach a high of $0.0145 by the end of 2024. DigiByte, with a potential surge, could reach a maximum of $0.216 by the end of 2030. Plenty of start-ups have been mushrooming over the years in the ever-evolving crypto world. …
The post SafeMoon V2 Price Prediction 2024, 2025: Is SFM A Good Investment For 2024? appeared first on Coinpedia Fintech News
The crypto sphere has been welcoming to diverse projects over the years. SafeMoon is one of the unique projects which was launched in 2021. Like the other famous cryptos, SafeMoon also works on similar principles, such as a higher TPS and improved security. Additionally, it has promised to make investments safe by pulling down the …
The post Injective Price Prediction 2024 – 2030: Will INJ Price Reclaim $50 This Year? appeared first on Coinpedia Fintech News
Story Highlights The live price of the Injective token is Injective (INJ) price could hit a high of $57.66 by the end of the year 2024. With a potential surge, the INJ’s price may record a high of $181.18 during the year 2030. Launched in November 2021, alongside a $120 Million incentive program called Astro. …
The post Klaytn (KLAY) Price Prediction 2024, 2025, 2026-2030: Will KLAY Price Skyrocket To $1? appeared first on Coinpedia Fintech News
With the year 2024 becoming a year of strong bullish turnaround for the crypto industry, coins like Klaytn are writing a turnaround story. With the growing bullish dominance and the rising trading volume, the KLAY price action sirens trend reversal. Further, the rising inflows in the Bitcoin Spot ETFs, alternative virtual currencies create a secondary …
The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a deep learning model developed by CryptoQuant, a leading blockchain analytics platform, has thrown a curveball into the mix. Source: CryptoQuant The model, trained on a massive dataset of historical price movements and on-chain activity, predicts a significant price surge for Bitcoin in the coming weeks. According to the analysis, Bitcoin could break past the $77,000 barrier within the next 30 days, marking a new all-time high (ATH). Bullish Metrics Support AI’s Vision While the AI’s prediction is certainly eye-catching, some analysts are taking a wait-and-see approach. They point to several bullish metrics that seem to align with the model’s forecast. The network-to-value (NVT) ratio, a metric used to gauge an asset’s relative valuation, has dipped significantly, suggesting Bitcoin might be undervalued. Source: Alternative.me Additionally, exchange reserves have been dropping, indicating a decrease in selling pressure. These factors, coupled with the model’s prediction, paint a potentially optimistic picture for Bitcoin’s immediate future. However, a lurking shadow of uncertainty remains. The Fear and Greed Index, a measure of investor sentiment in the cryptocurrency market, currently sits firmly in “greed” territory. Historically, periods of extreme greed have often been followed by market corrections. This raises concerns that the current price stagnation might not be a prelude to a surge, but rather a sign of an overheated market ripe for a pullback. Bitcoin is now trading at $62.850. Chart: TradingView Stalemate Before Potential Breakout? Technical analysis of Bitcoin’s daily chart reveals further complexities. The price has repeatedly failed to breach its 20-day Simple Moving Average (SMA), a key indicator of short-term momentum. Both the Chaikin Money Flow (CMF) and Relative Strength Index (RSI) are hovering sideways, suggesting a lack of clear direction in the market. These indicators imply that investors might be in for a few more days of sluggish price movement before a potential breakout, either upwards or downwards, occurs. Related Reading: Analysts Call It: XRP Primed For A 700% Surge – Details A Calculated Gamble The deep learning model’s prediction offers a glimmer of hope for Bitcoin bulls, but it’s crucial to remember that AI forecasts are not infallible. The confluence of bullish metrics certainly adds weight to the model’s argument, but the ever-present risk of a market correction fueled by greed cannot be ignored. Featured image from Pixabay, chart from TradingView
The post Cosmos Price Prediction 2024, 2025, 2030: Will ATOM Price Shoot To $25? appeared first on Coinpedia Fintech News
Story Highlights The live price of Cosmos is . Cosmos price could reach a potential high of $25.06 by the end of 2024. ATOM price could reach a potential high of $89.05 by the year 2030. Vivid evolution across the blockchain arena has quickly gained the attention of the mainstream with a plethora of benefits. …
The post BitTorrent Price Prediction 2024, 2025, 2030: Will BTT Price Explode This Year? appeared first on Coinpedia Fintech News
Story Highlights The live price of BitTorrent is BTT price could potentially trade as high as $0.00000242 by the end of 2024. BitTorrent price with a potential surge could go as high as $0.0000138 by the end of 2030. Every single project in the crypto sphere offers a unique blend of features to its users. …
AVAX, the native token of the Avalanche protocol, presented a mixed experience for investors in the month of March. The altcoin initially rose by over 64% to trade above $65 for the first time since May 2022 before declining by 18.44% in the last two weeks. Unsurprisingly, AVAX’s price movement has drawn much attention from investors and market experts alike. Notably, a popular crypto analyst with the X handle Rekt Capital has advised against panic, stating the recent decline of the altcoin could prove to be rather beneficial for investors. Related Reading: AVAX Price Soars To Highest In Nearly 2 Years, Over 80% Of Holders In Profit AVAX To Return To $65-$70 Price Zone, Analyst Stands Confident In a post on X on March 30, Rekt Capital shared that AVAX has suffered an overall decline since encountering the $65-$70 price zone in mid-March. However, the analyst has described this price drop as a “healthy dip,” which could result in the token returning to previously high levels. $AVAX Avalanche rallied to the $65-$70 area And is now dipping towards the December 2023 highs (red) This is a healthy dip to set AVAX up for the next uptrend back to the $65-$70 area again, over time#AVAX #Crypto #Avalanche https://t.co/o7s9sU4eIN pic.twitter.com/5QJG2e581Y — Rekt Capital (@rektcapital) March 30, 2024 Currently, AVAX trades in the range of $52-$54, but Rekt Capital predicts the altcoin is heading to the region of $44-$49, which represents its highest price points recorded in December 2023. On entering this price zone, Rekt Capital expects the token to find support and embark on an uptrend back to the $65-$70 region. However, in the presence of overwhelming bearish pressure, the analyst technical analysis revealed that AVAX could drop further to around $32.66, indicating a potential price decline of 39.62% and 49.9% from the coin’s current price and its peak price in March, respectively Related Reading: Avalanche Unleashes Durango Upgrade, AVAX Price Rockets 8% With ‘Teleporter’ Debut Avalanche (AVAX) Price Overview At the time of writing, AVAX trades around $53.50 with no significant price movement in the last day, while recording a 0.51% decline over the past week based on data from CoinMarketCap. Meanwhile, the crypto asset’s trading volume is down by 16.62% and valued at $370.86 million. However, AVAX has generally been one of best best-performing assets in the last six months boasting a market gain of 471.35% within this period. Notably, in December 2023, the altcoin rose by about 150% to move from $20.41 to a monthly high of $49.98. Off the market, AVAX has also scored some positive strides. Most recently, the Avalanche network announced a collaboration with fellow blockchain Chainlink and the prestigious Australia and New Zealand Banking Group (ANZ) targeted at exploring the use of crypto assets in global financial settlement systems. The use of AVAX in such a project would largely amplify the token’s adoption, which would elicit a positive effect on its market price. AVAX trading at $53.30 on the daily chart | Source: AVAXUSDT chart on Tradingview.com Featured image from Zipmex, chart from Tradingview
The Bitcoin Halving event, which will cut miners’ rewards in half, is set to take place in mid-April. Once that happens, the crypto community will have its eyes on specific predictions that have been projected to be actualized after the Halving event. Related Reading: FTX Founder Sam Bankman-Fried Gets 25 Years Prison Sentence – Details […]
Ark Invest CEO Cathie Wood has reiterated her bullish stance on Bitcoin. The investment mogul, who recently disclosed she allocated 25% of her wealth into Bitcoin, has now predicted the cryptocurrency is on a highway to new highs. Related Reading: Crypto In The Spotlight: Estonia Greenlights Regulation Bill Particularly, Wood called Bitcoin a “financial super […]
The post Kusama Coin (KSM) Price Prediction 2024, 2025, 2026-2030: Is KSM A Worthy Buy? appeared first on Coinpedia Fintech News
With the recent comeback of buyers in the market, the altcoin could witness a reversal rally to set ablaze a bull run. As the chances of a new all-time high are increasing, the KSM price could be a worthy investment. So, checkout our Kusama price prediction NOW! Kusama is popularly known as ‘Polkadot’s canary chain. …
A popular crypto analyst, identified as CrediBull Crypto on X (formerly Twitter) has unveiled bullish projections for both Ethereum and XRP. Doubling down on his previous XRP price prediction, the analyst has further affirmed that the cryptocurrency is poised to outperform Bitcoin and Ethereum in the upcoming 2024 bull run. Related Reading: Shiba Inu Partner […]
The bank made the forecast based on its expectation that spot Bitcoin ETFs could attract inflows of $50-100 billion in 2024.