El Salvador and the IMF have made headway in discussions to enhance state finances, raise bank reserve buffers, and improve governance and transparency, especially with regards to risks associated with Bitcoin, according to multiple news reports Wednesday. Related Reading: Bitcoin ETFs Suffer $168 Million Hemorrhage Amid Market Mayhem “Progress has been made in the negotiations […]
Crypto analyst Javon Marks has identified a mid-cap altcoin that can potentially make significant gains in this bull run. Based on his analysis, a 1,100% price surge is already in the works for this altcoin. JASMY To Surge By Over 1,100% Marks predicted in an X (formerly Twitter) post that JASMY will surge by over 1,100% soon enough. The analyst was confident about the altcoin enjoying such a price rally, noting how every pullback for JASMY since its breakout has supported further bullish movement for the token. He also noted how JASMY has continued to hold a bull pattern at its current price levels. Related Reading: XRP Prediction: Analyst Says Bullish Divergences Are Still Present, Here’s Why In line with this, Marks stated that a significant continuation of this bullish movement with a potential 1,110% upside to reach the price target of $0.2785 is already on the horizon. JASMY has already come a long way in this market cycle, and the analyst highlighted that, noting how the altcoin was at some point 7,350% away from this price target of $0.2785. JASMY is one of the best-performing assets among the top 100 crypto tokens by market cap, with a year-to-date (YTD) gain of over 220%. Commonly referred to as Japan’s Bitcoin, JASMY has benefitted from the artificial intelligence (AI) hype, which is one of the leading narratives in this market cycle. JASMY is the utility coin of Tokyo-based Jasmy Corporation, which provides secure data transactions and storage for IoT devices. JASMY has also witnessed impressive growth thanks to some bullish fundamentals since the start of the year, including the launch of JANCTION AI, a layer-2 network designed to host decentralized AI applications. Meanwhile, there were earlier rumors that JASMY had secured a partnership with Apple to help integrate Japan’s My Number Card system into iPhones in the country. Altcoin Under The Spotlight Besides Marks, JASMY has caught the attention of other crypto analysts like Altcoin Sherpa. Altcoin Sherpa once mentioned it as one of the altcoins to keep an eye on, stating how the coin was “extremely strong” as it didn’t budge following the pullbacks that the crypto market experienced. Related Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Altcoin Sherpa also suggested that JASMY could rise to $0.067, although he didn’t state when exactly this would happen. Crypto analyst AltCryptoTalk also recently analyzed the altcoin and stated that the bulls should kick in soon as JASMY holds above $0.0125. These bulls already look to have taken an interest in the altcoins, with crypto analyst Steph stating that JASMY’s current weekly candle looks “extremely bullish” and indicates a huge buying pressure for the crypto token. According to CoinMarketCap data, JASMY is trading at around $0.0214 at the time of writing, down over 2% in the last 24 hours. Featured image created with Dall.E, chart from Tradingview.com
The cryptocurrency market is always brimming with excitement, and recent developments have added fuel to the fire. XRP and Mpeppe (MPEPE) are currently in the spotlight following a significant legal victory for Ripple in its lawsuit against the SEC. This article dives into the reasons behind the surge in XRP and Mpeppe (MPEPE), shedding light […]
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.
The world of meme coins is continually evolving, and the latest buzz surrounds Pepe Unchained (PEPU) and Mpeppe (MPEPE). Both of these emerging tokens are drawing significant attention, especially from Shiba Inu (SHIB) whale investors looking for the next big opportunity. After a remarkable 310% price surge, Mpeppe (MPEPE) is capturing the interest of investors […]
Coinbase currently holds approximately $270 million in customer assets.
The cryptocurrency landscape is constantly evolving, with new projects emerging and capturing the attention of investors. Among these, Mpeppe (MPEPE) and Pepe Unchained (PEPU) have recently gained significant traction. Shiba Inu (SHIB) whale investors are now diving into the presales of Mpeppe (MPEPE) and PEPU, driven by the potential for 100x gains. Let’s explore what […]
Polkadot (DOT) has been gaining significant bullish momentum, with its price steadily approaching the critical resistance level of $4.8. This upward movement suggests a strong presence of positive sentiment in the market. As DOT nears this key resistance, speculations are about whether the bulls can maintain their dominance and drive the price higher. A successful breakout above $4.8 could signal the beginning of a new bullish phase, potentially leading to further gains. However, failure to break this level might result in a pullback. This article analyzes DOT’s recent price action and its approach to the critical $4.8 resistance level. With the help of technical indicators, it will evaluate the significance of this resistance, assess market sentiment, and predict potential future movements, including the likelihood of a breakout. DOT was trading at around $4.73 and has increased by over 3.58% with a market capitalization of over $6.9 billion and a trading volume of over $200 Million as of the time of writing. In the last 24 hours, the asset’s market cap has increased by more than 3.61%, while its trading volume has increased by more than 7.46% Market Sentiment: Are Bulls In Control? Currently, the price of DOT on the 4-hour chart has been on a bullish move following a rejection at the $3.5 support mark. It is now advancing toward the $4.8 resistance mark and the 100-day Simple Moving Average (SMA). Since breaching this key resistance level, the digital asset has shown a consistent upward trend, indicating that the bulls are gaining control and could drive the price even higher. Additionally, an analysis of the 4-hour Relative Strength Index (RSI) shows that the signal line of the indicator has successfully risen above 50% and is currently heading to 60%, suggesting that buying pressure is increasing and the asset might experience further upward movement. On the 1-day chart, although DOT is still trading below the 100-day SMA, it has successfully printed three bullish momentum candlesticks approaching the $4.8 resistance level. This indicates that the bulls remain in control, which could help trigger a rally for DOT. Finally, on the 1-day chart, the RSI signal line is ascending from the oversold zone toward 50%, further supporting the potential for a continued rally and indicating that the bulls are gaining control over the bears. Conclusion: Will DOT Break Through Or Face Rejection? In conclusion, as DOT’s price approaches the $4.8 resistance level, it could either break through or encounter a rejection. A breakthrough above the $4.8 resistance level, DOT might continue its bullish move to challenge the $6.2 resistance level. Once it breaks below this range, the digital asset may move further to test the $7.7 level and probably other key levels afterwards. Meanwhile, if DOT encounters rejection at the $4.8 resistance level, it may start to decline toward the $3.5 support level. Should the price fall below this support, it could drop more to test the $1.9 support point, potentially creating a new low if this level is breached. Featured image from Adobe Stock, chart from Tradingview.com
For years, Bitcoin investors have applied a number of factors and events in an effort to predict where the cryptocurrency’s price is headed next. With the popularity of astrology, it is also no surprise that it has made its way into the Bitcoin and crypto industry, and astrologers have begun applying it to BTC’s price […]
In the volatile world of cryptocurrencies, savvy investors are always on the lookout for the next big opportunity. Recently, Shiba Inu (SHIB) investors have found significant gains by diversifying their portfolios with Mpeppe (MPEPE). This strategic move has not only cushioned the blow from SHIB’s recent struggles but has also yielded an impressive 310% gain. […]
While the crypto rally was broad-based with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted.
The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States.
Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.
Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.
Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.
Judge Analisa Torres ruled on Wednesday that Ripple Labs must pay a $125 million civil penalty, substantially less than the $2 billion sought by the Securities and Exchange Commission (SEC) for alleged improper sales of XRP tokens, as reported by Bitcoinist. While the court proceedings at district court level have thus come to an end, […]
In a significant ruling, the President of Russia, Vladimir Putin, has signed a law on Thursday to legalize crypto in Russia. This bill will enable registered Russian entrepreneurs to mine cryptocurrency. Let’s understand who will be allowed to mine crypto and where they can sell it. Legalizing of Crypto Mining BRICS started embracing digital assets …
AI revenue and abilities haven’t lived up to the hype — but Wall Street and Big Tech have plenty of good reasons to stay ‘all in.’
Moonveil's funding boost could accelerate Web3 gaming innovation, potentially reshaping the blockchain gaming landscape amidst rising AI trends.
The post Moonveil secures $9 million in extended Pre-Series A funding appeared first on Crypto Briefing.
As the legal battle between Ripple and the Security Exchange Commission (SEC) concludes after four years, whales’ focus has now shifted to Ripple’s native token XRP. 70 million XRP tokens withdrawn from exchanges According to a blockchain transaction tracker Whale Alert, in the last 24 hours, whales have moved a significant over 113 million XRP …
Following the Bitcoin price crash below $60,000, hopes for the BTC price to reach a new all-time high, at least for the short-term, seem to have been shattered. However, over the long term, analysts still expect that the Bitcoin price will still rebound from here. One of those who believe that the BTC price will still reach a new all-time high is CryptoQuant CEO Ki Young, but there is a caveat to this rally. Bitcoin Price Must Hold $45,000 In an X (formerly Twitter) post, CryptoQuant CEO Ki Young revealed that the Bitcoin price remains bullish even after the crash. The major level is the $45,000 level, though, as holding this level will be a defining factor for whether the bearishness continues or if Bitcoin makes its way to a new all-time high. Related Reading: Cardano Price Crash Below $0.3: Is It Time For You To Buy ADA? The reason for the $45,000 caveat is miners’ profitability levels, which are currently sitting at $43,000. This $43,000 is the cost to mine a single Bitcoin by taking into account all of the operating costs. This means that as long as the BTC price remains above $45,000, miners remain in profit from any mined BTC. However, a fall in price below the $45,000 level will initially put the Bitcoin price dangerously close to the cost of mining a BTC. Further decline could put it below the $43,000 level, at which time it would become unprofitable for miners to mine BTC, and possibly affecting the hash rate. The CEO recognizes that some signals are still bearish for the Bitcoin price. However, he believes that if the pioneer cryptocurrency is able to maintain the $45,000 level without breaking for the next two weeks, then a rebound could be in the works. Following this, Young believes that the BTC price could reach a new all-time high before 2024 ends. Bearish Signal Not Seen Since 2023 Returns The X post which the CryptoQuant CEO was responding to was from Julio Moreno, who is the Head of Research at CryptoQuant. In the post, Moreno took a rather bearish stance, identifying a peculiar bearish signal which had not been seen in more than one year. Related Reading: XRP Prediction: Analyst Says Bullish Divergences Are Still Present, Here’s Why The Bull-Bear Market Cycle Indicator is one that can signal a return of the bear market. The researcher points at the COVID sell-off of 2020 as one of the instances when this indicator has turned bearish. Going by this historical performance, the Bitcoin and crypto market could be gearing up for another extended bear market, which would mean that the market decline is far from over. Featured image created with Dall.E, chart from Tradingview.com
After trading hours on Wednesday, Ethereum Exchange Traded Funds (ETFs) in the United States have exceeded expectations despite a dramatic market weakness earlier this week by producing a notable $98 million influx. For these ETFs, this was the second day in a run of net inflows, highlighting their high use case in the face of […]
It’s a stamp of approval for the layer 2 from United States regulators.
Do Kwon’s extradition from Montenegro has been delayed yet again.
Despite the significant milestone, Web3 gaming still needs more “soft” infrastructure for mass adoption, according to Sonic’s CEO
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.
Bitcoin buyers step in as US jobless claims fall short of estimates, with Binance buy orders helping fuel a BTC price trip to week-to-date highs.
In a much-anticipated move that has crypto investors up in arms, former President Donald Trump has proposed the creation of a national Bitcoin stockpile if he is elected back to the White House again in November 2024. Trump’s Plan For National Bitcoin Reserve Faces Backlash At the Bitcoin 2024 conference on July 27, Trump announced […]
Crypto analyst Doctor Profit (@DrProfitCrypto) has published a XRP price prediction following Ripple’s partial victory over the US Securities and Exchange Commission (SEC) on Wednesday. The analysis, delivered to his substantial follower base of 311,000 on X, delves into the implications of the court’s decision and the technical outlook for XRP. Implication For XRP Doctor Profit began by revisiting XRP’s historical performance, emphasizing its resilience and significant milestones. He reminds his audience that XRP price surged an extraordinary 60,000% in 2017 and has maintained a top-ten position in crypto market capitalization rankings for a decade. This, he argues, underscores its stability and appeal in the volatile crypto market. Despite a 75% drop in its value following the SEC lawsuit in 2020, XRP has shown remarkable durability, he notes, maintaining its high-ranking market position amidst sweeping market pessimism and shifts towards other altcoins. Related Reading: XRP Prediction: Analyst Says Bullish Divergences Are Still Present, Here’s Why Yesterday’s legal victory is described by Doctor Profit as a “massive, bullish event” that provides much-needed regulatory clarity for XRP. He speculated on the positive ramifications of this outcome, suggesting it could lead to increased institutional adoption and potentially pave the way for an XRP exchange-traded fund (ETF). “This is a massive, bullish event due to the newfound regulatory clarity and the flood of bullish rumors that will follow. Is it far-fetched, to suggest that the SEC and XRP might be working on an XRP ETF behind closed doors? This aligns perfectly with my ETF approval ranking prediction: first BTC, second ETH, and third XRP—not SOL,” Doctor Profit claims. Related Reading: 3 Reasons To Buy XRP Now: Crypto Analyst Shares Bullish Forecast He also proposes that the newfound legal clarity could spur partnerships and integration of XRP into further financial platforms and systems. “Do you know that Ripple has partnerships with over 300 financial institutions worldwide? The ripple network was tested in the European Central Bank and is even mentioned in their report. Same goes for the Bank of America and many other banks world wide! XRP will play a key role in the CBDC implementation,” the analyst writes. XRP Price Analysis Focusing on technical analysis, Doctor Profit identified a crucial resistance line at $0.72, stemming from a pattern established back in 2017. This resistance has been tested multiple times over the years without a conclusive breakout. According to his analysis, the current chart formation is a mirror image of the pre-2017 surge setup, indicating a potential for a similar explosive price action if XRP can decisively break through this resistance level. The analyst also provides detailed price targets underpinned by this technical setup and the optimistic market sentiment post-lawsuit resolution. In the best-case scenario, XRP could soar to between $16 and $20, predicated on a repeat of historical movements and broader market acceptance. The analyst writes, “If we hit another rejection at $0.72, don’t panic. The breakout is inevitable, and I expect targets way above $1 latest by Q1 2025. When XRP pulls a 2017 move and hits the same Fibonacci levels we have seen in 2017, we’re looking at a potential top of $16!” A more conservative estimate places XRP at $4 to $7, assuming more moderate market conditions and investor response. Moreover, Doctor Profit suggests key buying zones around $0.38 to $0.44. “Holding this diamond strong! I’ve been holding for four years and I’m loading up on dips. Key buy zones are $0.38 to $0.44—that’s where I’ve been buying the last few months. If the market dips into those zones again, I’m buying even more,” he concluded. At press time, XRP traded at $0.6064. Featured image created with DALL.E, chart from TradingView.com
The update comes a week after Hamster Kombat surpassed 300 million players and teased the launch of the "largest airdrop in crypto history."