A widely respected cryptocurrency strategist is warning about the altcoin market as if projects like Chainlink (LINK) are correct. Pseudonymous analyst Altcoin Sherpa says Most altcoins could enter a months-long consolidation phase, said 214,900 followers on social media platform X. “It is very likely that the altcoin will be completed over the next 1-4 months. “There will certainly be outliers, but I think the majority need time to unwind and integrate after such a big accomplishment.” The analyst says Chainlink, a provider of decentralized oracle services for smart contracts, is an example of another alternative. According to analysts, LINK is…
Author: Crypto Flexs
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As the much-anticipated Bitcoin halving event approaches on April 19, an interesting trend is emerging among miners. Unlike the pre-halving sell-offs seen before the halvings of 2016 and 2020, miners have been accumulating, going against the previous trend. Miners are accumulating Bitcoin One analyst cited CryptoQuant in a post on dataSince the beginning of 2024, the total BTC balance held by miners has increased by a whopping 12,100 BTC, reaching a total of 217,000 BTC. This behavior stands in stark contrast to what happened in 2016 and 2020 before the network cut miner rewards. Then, reading the data, we see…
Tanssi Foundation’s “Lets Forkin’ Dance” is an incentivized testnet campaign designed to strengthen the Tanssi ecosystem. The post Tanssi Launches Incentive Campaign for Dancebox Testnet appeared first on Crypto Briefing.
The company confidentially filed a revised Form S-1 with the U.S. Securities and Exchange Commission in late March after regulators sent a comment letter to the company, CEO Gene Hoffman said in a Manhattan-based filing from law firm Brown Rudnick. He spoke at the conference he hosted. However, the IPO schedule has not been finalized yet as the company is waiting for the right market conditions, he later told CoinDesk.
In the days leading up to the Bitcoin halving, cryptocurrency markets experienced significant declines, raising concerns of a potential bear market. While Bitcoin saw a notable price drop of 19%, altcoins saw much steeper declines, with some plummeting by as much as 70%. This trend has sparked debate among investors about the immediate future of cryptocurrencies as the halving approaches. Bitcoin and altcoins plunge before halving Historically, Bitcoin halvings (reduction in scheduled rewards for mining new blocks) have been a catalyst for optimistic market sentiment. This event effectively reduces the supply of new BTC, which theoretically should cause the price…
The leveraged spot Bitcoin exchange-traded fund (ETF) aims to multiply returns on Bitcoin’s daily performance. How does it work? Leveraged spot Bitcoin ETFs typically use financial derivatives, such as futures contracts, to multiply the daily returns of Bitcoin.For example, a 2x leveraged ETF seeks to provide returns that are twice the daily return of Bitcoin. If the price of Bitcoin rises 1% on a given day, the ETF targets a 2% rise. If the price of Bitcoin falls 1%, the ETF falls 2%.Leveraged vs. Unleveraged Spot Bitcoin ETFA leveraged spot Bitcoin ETF can amplify investors’ exposure to Bitcoin price fluctuations…
Huge amounts of USDT flowed from Tether to Ethereum exchanges. Network activity remained stable as ETH price fell. Ethereum (ETH) has witnessed tremendous price volatility over the past few days. However, Tether (USDT)’s recent actions may help improve sentiment towards ETH. USDT is in the mix. According to data from Lookonchain, in the past 18 hours, a significant amount of USDT, specifically $318 million worth of USDT, has moved from Tether’s treasury wallets to exchanges on the Ethereum network. These leaks significantly reduced Tether’s Ethereum holdings. At press time, their treasury holdings were only 124 million USDT. To meet potential…
Cryptocurrency Analyst Trend Rider The attention of Cardano (ADA) holders has been focused on the cryptocurrency token’s potential to soon experience significant price appreciation. Based on Trend Rider’s analysis, Cardano If this happens, it could go up to $3. If history repeats itself, Cardano will rise to $3 Trend Rider Mentioned on X (formerly Twitter) post If history repeats itself, Cardano may face the “ultimate test of support” before its parabolic rise. He also suggested that the cryptocurrency token could soar to $3, considering the same thing happened in October 2020 when the price of Cardano fell to $0.10. Soars…
Azuro and deBridge Deliver High-Speed Bridging to On-Chain Prediction Markets – Chainwire housenewsroomAzuro and deBridge deliver high-speed bridging to on-chain prediction markets We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of…
XRP investors are eyeing a potential price surge, with one analyst predicting a bullish outlook for the cryptocurrency. Dark Defender, a prominent figure in the XRP community, drawn parallel lines Between the current market movements and the historic rally of 2017. According to Dark Defender, these similarities suggest a significant upward trajectory for XRP, potentially culminating in what he calls a “god candle.” Market Analysis and Predictions: A Close Look at the Future of XRP Dark Defender’s analysis focuses on the observation that current market dynamics reflect the 2017 cryptocurrency boom, which was characterized by significant changes in digital asset…