Bitcoin (BTC) is sending signals that it could explode to the $100,000-$150,000 range by Q1 2025.BTC Price Classic Patterns Hint at a Big BreakoutBitcoin’s recent price action shows a confluence of technical indicators that coincide with a breakout. The most notable pattern forming on the chart is the “cup and handle,” a classic technical formation that suggests bullish continuation.This pattern is characterized by a rounded bottom (cup) and a subsequent consolidation phase (handle). The formation of the handle indicates a period of consolidation, often preceding a major bullish breakout. For Bitcoin, the cup began forming after peaking in late 2021,…
Author: Crypto Flexs
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Hedera’s HBAR Hits Yearly High After BlackRock’s MMF Tokenization The asset management giant later denied any direct involvement with HBAR. HBAR’s consolidation period, which fell more than 90% from its all-time high, has been interrupted. Hedera Hashgraph (HBAR) has had a rough ride in 2024. The popularity of Hedera’s distributed ledger technology has proven successful in various partnerships with established IT brands such as LG Electronics, IBM, and Google. HBAR also provides real-time tracking devices to two major automakers, Hyundai and Kia.Why HBAR’s Rally Didn’t HappenHowever, one recent high-profile venture has caught the attention of both HBAR holders and critics…
Bitcoin Dominance and Network ActivitySince the Bitcoin halving in April, the blockchain’s bandwidth usage has skyrocketed, reclaiming its dominance with utilization rates exceeding 90%. This shows a significant increase in network activity due to a combination of factors, including new token standards and increased transaction volume. Although there was initial concern due to fear, uncertainty, and doubt (FUD) surrounding the news about Bitcoin, Bitcoin adoption and trading activity has continued steadily.According to Dune Analytics data, Bitcoin’s trading dominance reached 91.4% as of June 20. This dominance surpasses other tokens such as Runes at 6.8%, BRC-20 at 1.6%, and Ordinals at…
Iris Coleman 15 Sep 2024 12:05 Two years after the merger, Ethereum’s transition to proof-of-stake (PoS) faces challenges from second-layer solutions and faster blockchains like Solana and Avalanche. Two years after Ethereum switched to a proof-of-stake (PoS) consensus mechanism known as Merge, the network has faced significant challenges. Contrary to initial expectations, Ethereum has struggled with high transaction costs and network congestion, while alternative layer 2 solutions and faster blockchains have emerged. SolanaAccording to blog.bitfinex.com, Avalanche, Base, and Aptos are gaining popularity. Did the merger have an overall negative impact on Ethereum? Since the…
A widely known cryptocurrency analyst has issued a warning: The rest of 2024 looks unlikely to be ideal for altcoins. Crypto strategist Benjamin Cowen tells his 813,000 YouTube subscribers in a new video update that based on historical patterns, altcoins are likely to crash and slam Bitcoin (BTC) at the end of the year. Cowen said the capitulation coincided with the start of a new rate-cutting cycle. “If you connect the dots from the last cycle, 2018, 2019 to 2020, you can see that we’ve basically tagged this trendline three times and then the third tag on the trendline was…
September 2024, SolanaThe underlying protocol, Pump.fun, has become the fastest-growing cryptocurrency app in history by some metrics, reaching $100 million in revenue in record time.Meme Coin Launchpad has spawned some of the biggest memes, viral metas, and dangerous moments in crypto history. A cute puppy named Billy, tons of celebrity tokens, and a developer who sets himself on fire.While some have criticized the platform for saturating the meme coin market, others have praised it for being the main culprit behind the meme coin craze.So what is Pump.fun? Read on to find out how the meme coin launchpad works.What is Pump.fun?Created…
Fetch.AI forms a head and shoulders pattern to signal a reversal. FET on-chain activity and social dominance increases. According to CoinMarketCap, Artificial Superintelligence Alliance (FET) has seen impressive growth, rising more than 25% over the past seven days. AI-related coins are getting a lot of attention, especially after Nvidia (NVDA) reported a better-than-expected earnings report. Nvidia plays a significant role in influencing AI coins such as Fetch.AI, and the current price action suggests that ASI is poised to move higher as the cryptocurrency market is expected to recover in the last quarter of this year. Analysts predict that FET’s recent…
Welcome to Finance Redefined, a weekly newsletter designed to bring you the most important events of the past week, providing essential insights into decentralized finance (DeFi).This week, Republican presidential candidate Donald Trump is gearing up to launch a DeFi platform that will likely include crypto lending and borrowing capabilities. The candidate is “embracing the future with crypto.”In the broader crypto space, Uniswap CEO Hayden Adams has denied allegations that he requested funds to build DeFi protocols via a decentralized governance vote on Uniswap.Trump to Launch World Liberty Financial Cryptocurrency Platform on September 16Former President and Republican presidential candidate Trump’s World…
The cryptocurrency markets have had a roller coaster ride this week. Neural network It has generated impressive returns against the market trend. CKB token ranks top 100. A volatile week in the cryptocurrency market saw widespread price declines, highlighting the risk of volatility. Prices recovered slightly from the lows at the start of the week, but overall markets remained flat as the work week ended. Despite the sluggish market conditions, Nervos Network’s CKB token has broken out of the pack and surged 70% in intraday trading. The sharp rally was led by the announcement of a listing on South Korea’s…
At least 19 startups have raised venture capital funding in the past seven days, with the largest investment going to tokenized real-world asset platform Huma Finance. Huma announced on September 11 that it had raised $38 million in a fundraising effort led by Distributed Global, with participation from Hashkey Capital, Stellar Foundation, Folius Ventures, and Turkish private bank İşbank. The company plans to expand its PayFi network globally with $10 million in capital raised and $28 million in revenue-generating RWAs. It also plans to go live on the smart contract networks of Solana (SOL) and Stellar (XLM) in the coming…