Famous cryptocurrency analyst JD XRP Bottom Prediction The next XRP price surge from the $0.28 price level has warned that ‘dumb money’ traders will go missing. According to JD, these traders may overlook opportunities to move higher before the next price surge, similar to the following: Historical XRP Price Action. Analyst JD draws parallels with past XRP trends. Despite the volatile nature of the cryptocurrency market, most cryptocurrencies are known to repeat or reflect past phenomena in their price action. As a result, it is very common for cryptocurrency analysts to look to the past and evaluate current trends when…
Author: Crypto Flexs
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Competition among Spot Bitcoin ETF issuers is becoming more intense, with Bitwise gaining the attention of investors looking to seed $200 million into the ETF, potentially overtaking BlackRock and gaining an advantage in meeting customer demands. Bitwise’s will to lead the ETF market was revealed through commercialization. Meanwhile, other issuers such as Fidelity and Invesco are adopting strategies such as low fees and fee waivers to attract investors. The fee war in the Spot Bitcoin ETF space is expected to continue. These moves by various issuers give us an idea of the strategies they could adopt to appeal to investors…
Solana (SOL) has been one of the biggest gainers over the past 12 months, after losing at least 90% during the cryptocurrency bear market. The cryptocurrency market experienced a massive recovery in 2023, with Bitcoin (BTC) leading the market with a 160% year-to-date gain (YTD). As the bull market exploded, the tide lifted most altcoins, many of which recorded significant gains. Let’s take a look at the biggest price rebounds of 2023. Solana wakes up and makes a huge comeback. Solana had the biggest rebound of 2023, exploding nearly 1,215% from its December 2022 cycle low of $8.27. Moreover,…
October 16th Bitfinex Alpha | As geopolitical conditions worsen, spot trading drives market momentum. Post time: 12:54h On Bitfinex Alpha Posted by Tammy There has been a notable shift in the cryptocurrency market toward spot trading. Long-term investors currently hold 80.34% of the total Bitcoin supply, equivalent to approximately 15 million BTC. On the other hand, short-term holders account for only 19.34% of the circulating supply, indicating a strong commitment to holding on to the asset. Coins moving on-chain do not show significant gains or losses, suggesting a transitional market. At the same time, futures markets saw a surge in…
Posted 1 minute ago In ~ Ethereum ETH +0.86% Co-founder Vitalik Buterin shared an updated 2024 roadmap for blockchain, outlining key priorities for the ecosystem moving forward. These priorities include Merge (strong proof-of-stake consensus), Surge (target of 100,000 transactions per second across Ethereum and layer 2 networks), Scourge (mitigating risks associated with MEV and liquid pooling), Verge (easier block verification), and Purge. (protocol simplification) and Splurge (everything else). Vitalik is his Thread of Xendorsed single-slot finality (SSF) as “the easiest path to address the current weaknesses of many Ethereum (proof-of-stake) designs” and praised the progress made in implementing the L2…
Celestia’s TIA Airdrop hype has waned as the blockchain struggles to gain users.CoinDesk has updated its Privacy Policy, Terms of Use, Cookies, and “Do Not Sell My Personal Information” feature. They are a leading source of news and information about cryptocurrencies, digital assets, and the future of money. CoinDesk maintains high journalistic standards and follows a strict editorial policy. It operates as a subsidiary of Digital Current Group, which invests in cryptocurrency and blockchain startups. Some CoinDesk employees, including members of the editorial staff, may receive DCG shares as part of their compensation. However, CoinDesk journalists cannot purchase stocks directly…
Jamie Dimon’s bank has agreed to play a key role in BlackRock’s proposed Bitcoin ETF. This came just weeks after he told a US senator: “I have always been deeply opposed to cryptocurrencies, Bitcoin, etc.”
Ethereum (ETH) has hit a 52-week high of $2,430, giving investors reason to be optimistic about the upcoming year. The surge comes on the heels of a volatile year for the second-largest cryptocurrency, which has not been immune to the effects of economic uncertainty. It was in April 2023 that Ethereum first surpassed the $2,000 resistance point and then fell again in value. Since then, the price has risen by about 20%, but the value of ETH is still significantly lower than its all-time high of $4,878 two years ago. Cryptocurrency prices are higher across the board and this rally…
Google Trends highlights Solana’s burgeoning interest.In an interesting turn of events in the cryptocurrency space, Solana has received significant attention, surpassing Ethereum in Google search interest for the first time in 2023. This surge in curiosity reflects the dynamics within the Solana ecosystem and hints at changing trends in the cryptocurrency community. .Solana vs. Ethereum: Changing Search DynamicsFor most of 2023, Ethereum maintained a significant lead over Solana in terms of search interest. However, the period from December 17 to December 23 brought about a pivotal change, with Solana achieving a search interest rating of 56 compared to Ethereum’s 50.…