“It’s far too dangerous” to share, he asserted, as other hypnotherapists weigh in on the potential of AI.
Solana (SOL), the fifth largest cryptocurrency in the industry, saw a notable resurgence over the weekend, in line with the broader market rally and Bitcoin’s (BTC) rebound towards the $63,000 mark for the first time in over a week. SOL’s price has successfully recovered from the losses of the past few months, surpassing the $150 level and overcoming key resistance walls, coupled with an optimistic statement from Daniel Cheung, co-founder of the hedge fund Syncracy Capital, who believes that SOL is exhibiting similar fractal patterns reminiscent of the third quarter of 2021, potentially leading to explosive gains. More Gains Ahead For SOL In a social media post on Sunday, Cheung expressed his bullish perspective on SOL’s price action as the token closed the past week on a bullish note, also drawing comparisons to the third quarter of 2021, from which SOL’s price began its rise from a low of $27 at the end of July that year, eventually reaching its current all-time high of $259 in November 2021. Cheung also drew parallels to the fourth quarter of 2020, highlighting that in both cases, the most significant returns are just around the corner, suggesting that further price gains are on the cards in the last half of the year, as was the case in 2021. Related Reading: Bitcoin Price Surges Past $63,000: The Key Reasons Cheung further emphasized that Solana is expected to remain a hub for on-chain activity throughout the rest of this market cycle due to its accessibility to retail investors, making it an appealing asset. The potential introduction of a Solana exchange-traded fund (ETF), which is anticipated to have a substantial impact on SOL’s price, coupled with the increasing probability of Trump’s re-election, serves as additional fuel for the Solana ecosystem, Syncracy Capital’s co-founder stated. Solana Market Cap Projection In an interesting observation, Daniel Cheung also stated that he believes the Solana ecosystem can ” likely” reach 50% of Ethereum’s market capitalization this cycle as optimism around the blockchain grows. Currently, Solana boasts a market cap of $71 billion, significantly lower than Ethereum’s $403 billion. Still, according to Cheung’s analysis, if SOL were to reach 50% of Ethereum’s market cap, its market capitalization would reach a staggering $280 billion, triggering an exponential rise in SOL’s price and pushing it to new all-time highs. Related Reading: XRP Price Confirms Bullish Reversal: Crypto Analyst Forecasts ‘God Candles’ Ahead It remains to be seen whether this latter scenario will play out, with expectations of a more favorable regulatory framework in the US, with the potential for new legislation for the industry with a Trump victory in the November election and the potential approval of the anticipated Solana ETF market. Nonetheless, Solana is trading at $152 at the time of writing, up over 6% in the 24-hour time frame and a significant 438% year-to-date. Featured image from DALL-E, chart from TradingView.com
Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC). On July 15, Politico said the firms would first “make their case to GOP power brokers” to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support […]
The post Coinbase, Ripple, a16z to attend Republican and Democratic National Conventions appeared first on CryptoSlate.
The Shiba Inu ecosystem is turning positive in light of recent price action in the wider crypto market. Many cryptocurrencies and blockchains are going through heightened activity and transactions, which has pushed prices into positive gains in a seven day timeframe. Shiba Inu hasn’t been left behind with this activity, with on-chain data showing an […]
Google Vids is now available to select users, using AI to generate images, videos, and voiceovers.
More than $88 million is held in the top 100 Bitcoin wallets, which are classified as containing a “minuscule amount” of BTC.
According to Bloomberg analyst Eric Balchunas, the highly-anticipated Ethereum ETFs could launch in the United States by July 23.
Render (RNDR), the governance token of the distributed GPU rendering system, has seen a big rise in whale activity, which means that big investors are paying more attention. Related Reading: Notcoin (NOT) Ignites Crypto Market, Analyst Predicts 25% Rally Santiment says that on July 14, the number of deals worth $1 million or more went through the roof. This made people aware that the price of the token could change a lot. Large transactions often show what big buyers are doing, so they have a big effect on how the RNDR market moves. Institutional Interest And Market Influence The large number of whales trading RNDR coins shows that big buyers see the token as a valuable asset. When whales jack up their buying activities, the price may go up, otherwise it remains stagnant. It’s clear from this pattern how important establishment players are in setting market trends. In the past, when there were more whale trades, the price of RNDR tended to go up. Looking back at similar events in March and May, we can see that RNDR’s price went from being bearish to being positive. This shows that whale behaviour is linked to price increases. The price of RNDR was $6.20 at the time of the news, down 8.85% in the last 24 hours. Even though there is a short-term drop, other signs point to a possible positive trend. Render market cap currently at $2.4 billion. Chart: TradingView.com Network Activity And Market Sentiment In addition to whale action, Render network metrics have gotten a lot better. IntoTheBlock data shows that the number of active addresses on the network has increased by 100% in the last week, which means that the number of users is growing. In addition to the increase in new members, there has been an 86% growth in the number of new locations. The mood in the market about RNDR has also improved. Analysts at Santiment say that the Weighted Sentiment measure has turned positive, which means that the market as a whole has better feelings about RNDR. Price increases often happen before positive mood does, because it shows that buyers are becoming more confident. Render Price Forecast Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% – Details Even though current sentiment has been negative and the Fear & Greed Index has been neutral, the long-term picture for Render Token is still positive. Render has a probability of increasing in price by around 226% and hit $21.51 by mid-August, according to current predictions. But the token’s success over the last 30 days, with 47% “green” days and 8.63% price fluctuation, makes it important to be careful. Featured image from Asia Crypto Today, chart from TradingView
The “Layer 0” network was created in collaboration with the United States Department of Defense and is now open for commercial Web3 applications.
The Securities and Exchange Commission (SEC) is anticipated to approve the spot Ethereum exchange-traded funds (ETFs) next week, with trading expected to begin on July 23, Bloomberg senior ETF analyst Eric Balchunas reported on July 15, citing industry sources. The development follows recent communications between the SEC and ETF issuers, signaling a potential green light […]
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This week in crypto, several key developments stand out that could significantly influence the price and adoption of certain altcoins. Here, we explore the top three altcoins to monitor this week: Ethereum, XRP, and Cosmos, each poised at the brink of potentially market-shifting news. #1 Ethereum: Crypto’s Next Spot ETF? The crypto community is still […]
The post Ethereum Jackpot: Justin Sun’s Massive ETH Withdrawal, What It Means for You? appeared first on Coinpedia Fintech News
Justin Sun’s 14,436 ETH withdrawal from Binance stirs crypto world! Discover what this massive move means for you and the future of Ethereum
Russia’s Ministry of Finance has proposed allowing traditional exchanges to handle digital asset trading for select investors, Interfax reported on July 10. A government draft response to two pieces of regulation outlines the possibility of creating special regulations for “conducting organized trading in digital currency, recognized as a commodity, on the basis of an exchange […]
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Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.
According to Bloomberg analyst Eric Balchunas, the SEC has directed issuers to submit their final S-1 filings by July 16, with the aim of launching the new Ether funds on July 23.
Decentralized finance is becoming more things to more people. That’s not easy to do.
Prospective issuers of a spot ethereum {{ETH}} exchange-traded fund (ETF) were told by the Securities and Exchanges Commission (SEC) on Monday that the funds can begin trading next Tuesday, a source told CoinDesk.
Crypto analyst Linda has made a bullish case for Ethereum (ETH), predicting that the second-largest crypto token by market cap could rise to $4,000. The analyst also explained what could lead to such a price surge. Why Ethereum Could Reach $4,000 In a post shared on TradingView, Linda highlighted the potential approval of the Spot Ethereum ETFs as one factor that could trigger a move to $4,000 for Ethereum. She noted that the sentiment around these funds is positive, with traders waiting for news from the US Securities and Exchange Commission (SEC). Related Reading: Bitcoin Accumulation: Who’s Been Buying Up All The BTC Dumped By The German Government? These Spot Ethereum ETFs are expected to be approved anytime soon based on predictions made by market experts, including Bloomberg analyst James Seyffart. Similarly to Linda’s prediction, other crypto analysts like Michael van de Poppe have predicted that the Spot Ethereum ETFs will spark a massive rally for Ethereum. Meanwhile, from a technical perspective, Linda noted that Ethereum’s outlook is bullish and supports the crypto token’s potential rise to $4,000. She claimed that the trigger area for buyers was at $3,200. In line with this, she believes that further final consolidation of the price above the 200-day moving average and a breakout above $3,200 will “become the reason for strengthening,” with a potential price target between $4,000 and $4,800 in sight. On local timeframes, Linda also stated that there are “prerequisites for a bullish mood,” especially on the daily timeframe, where the analyst noted that a rebound from strong support is forming. Based on her analysis, Linda claimed that the overall outlook for Ethereum points to a further rise to $4,000. Ethereum’s Chart Identical To Bitcoin’s Before ETF Launch Crypto analyst Crypto Rover recently mentioned that Ethereum’s chart is identical to Bitcoin’s before the Spot Bitcoin ETFs launched. Based on this, the crypto analyst was suggesting that Ethereum could make a similar run to the one the flagship crypto enjoyed after the Bitcoin ETFs were approved. In another X post, the analyst stated that the Spot Ethereum ETFs would be approved, meaning that Ethereum’s price rally could already be on the horizon. ETH’s price surge is expected to happen thanks to the inflows the Spot Ethereum ETFs will record. Crypto research firm K33 predicts these funds could attract as much as $4.8 billion in their first five months of trading. Related Reading: Why Did The Cardano Price Surge 17% Amid The Crypto Market Crash? Crypto analyst Leon Waidmann also highlighted how these Spot Ethereum ETFs will spark a massive rally for Ethereum, stating that institutional investors will likely take a huge chunk of Ethereum’s dwindling supply once these funds begin trading. At the time of writing, Ethereum is trading at around $3,300, up almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Ohio senator reported holding up to $250,000 worth of Bitcoin in 2022 and has supported specific pro-crypto legislation.
The post Breaking: China May Lift Crypto Ban in Q4 Amid Economic Crisis! appeared first on Coinpedia Fintech News
Rumors suggest China might lift its crypto ban in Q4 to save its struggling economy. Find out what this could mean for Bitcoin and altcoins!
After months of anticipation, the launch of spot Ethereum ETFs in the United States appears to be imminent as the US Securities and Exchange Commission (SEC) has reportedly requested that Ethereum ETF issuers submit their final S-1 filings, including fee structures, by Wednesday, July 17. Ethereum ETFs Hopefuls Gear Up For July 23 Debut Bloomberg […]
Bitcoin's potential new all-time high in 2024 could significantly boost market confidence and drive broader cryptocurrency adoption.
The post Bitcoin set for new all-time high in 2024 as worst correction ends, experts say appeared first on Crypto Briefing.
Bitcoin trades above $63,000 but the futures weekly funding rate shows pro traders are cautious.
Former President Donald Trump picked pro-crypto senator J.D. Vance as his running mate and became the Republican party’s official Presidential nominee on July 15. In a July 15 announcement on Truth Social, Trump declared the Ohio senator would join his ticket as the vice-presidential Republican candidate. The Republican party subsequently announced that Trump had obtained enough […]
The post Trump picks pro-crypto running mate as Republican party makes him official Presidential nominee appeared first on CryptoSlate.
In an intriguing turn of events, the cryptocurrency market has witnessed optimistic responses following recent reports of an assassination attempt on the United States former President and Republican Presidential candidate Donald Trump. As information regarding the attempt surfaced, the market and community saw positive reactions, including digital assets like Bitcoin and Trump-inspired coin TRUMP. Crypto […]
Trump's choice of a pro-crypto running mate could significantly shape future U.S. policy on digital assets and blockchain technology.
The post Trump chooses crypto-friendly Bitcoin holder Senator J.D. Vance as running mate appeared first on Crypto Briefing.
Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws.
Elon Musk’s social media platform, X, is under scrutiny for alleged DSA violations, with potential fines reaching $200 million.
Senator and best-selling author J.D. Vance appears to have jumped on the Republican pro-crypto bandwagon. But is he ride-or-die?
Crypto ATMs, designed to facilitate converting cash to cryptocurrencies, are increasingly being exploited by scammers, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald. The findings reveal a troubling surge in fraud facilitated by these machines across the US, which have become ubiquitous — appearing in […]
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