As expected, the cryptocurrency industry is expected to experience strong strength in 2024, with most analysts predicting the asset will hit new all-time highs. This trend has investors eagerly anticipating opportunities to leverage cryptocurrencies, which offer the potential to earn significant returns. A recent social media post from a cryptocurrency analyst known by the pseudonym Emperor Osmo provided a list of the best cryptocurrencies to invest in in 2024, covering a variety of trends and niche markets. Expert Share The Best Cryptocurrency Portfolio Guide The analyst’s 2024 cryptocurrency recommendations were based on CryptoKoryo Research’s analysis on the Dune Analytics platform.…
Author: Crypto Flexs
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The price of Bitcoin has risen in recent months and is trading around $45,000 at press time (midnight UTC). Market participants are anticipating approval of a spot Bitcoin exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission in the coming weeks, which would increase exposure to the asset for retail and institutional investors.
Ethereum is gaining attention as the Dencun upgrade approaches. Will Ethereum break above $3,000? Ethereum’s next upgrade, Dencun, is scheduled to be released on January 18, according to Ethereum Foundation Protocol Support Tim Beiko. Dencun will be launched first on the Goerli testnet and later deployed on the Sepolia and Holesky testnets on January 31 and February 7, 2024. , each. Mainnet launch is scheduled for February 2024. Will this new upgrade make ETH better? Dencun is scheduled to launch in the first quarter of 2024 Dencun was initially expected to launch in late 2023, but concerns over the testnet…
Dubai, UAE, January 2, 2024, Chainwire Crypto accelerator and launchpad Raiser has announced the introduction of a new funding model called Fair Community Offering (FCO) to democratize the way users invest in cryptocurrency projects. The innovative approach marks a significant departure from traditional web3 financial models such as ICOs, IEOs and IDOs by meritocratically rewarding dedicated and engaged community members and early supporters during the project’s pre-exchange listing phase. Providing Fair Communities: A Paradigm for Equitable Investment Unlike traditional launchpads that serve speculators rather than true supporters of the project, Razer’s fair community offering advances a merit-based approach, ensuring early-stage…
According to the most recent research conducted by Matrixport, Bitcoin spot ETF approval is: predicted This will happen soon, which will cause the price of Bitcoin to rise significantly to $50,000. The consolidation that occurred in mid-to-late December is the basis for this optimistic outlook published on January 2, 2024. This is supported by several important reasons, including institutional investment potential and market changes. attitude. According to the report, following the collapse of the FTX cryptocurrency exchange in 2022, a significant portion of Bitcoin is still unavailable on exchanges, highlighting the risk of cryptocurrency supply bottlenecks. Considering that $5 billion…
The value of the Ethereum (ETH)-based altcoin plummeted after project team members moved thousands of tokens to cryptocurrency exchange Coinbase, according to on-chain data. Blockchain Data Tracker Lookonchain Called Tellor Tributes (TRB), a decentralized oracle protocol, staged a parabolic rally before a sudden large-scale correction, resulting in the liquidation of tens of millions of dollars. Lookonchain says: “In the last 24 hours, TRB surged to $600 (December 31) and then plummeted to $137, liquidating $68 million in assets, making it the most liquidated token.” Source: Lookonchain/X Lookonchain discovered that Tellor team members moved thousands of TRBs to Coinbase, a leading…
The future prices of meme coins like Dogecoin have always captured the attention of cryptocurrency users, and they are also widely popular, especially among non-investors. There have been several predictions about where the DOGE price will be in 2024. And one of these predictions was provided by CoinCodex’s machine learning algorithm. Dogecoin outlook for January is bearish CoinCodex’s machine learning algorithm predicted where the Dogecoin price would be in January of this year, and it was far from negative. Contrary to calls for a rally for meme coins, the algorithm predicts the price will fall rather than rise, especially as…
StarkNet, a layer 2 scaling solution for Ethereum, has announced a significant update to its roadmap, with major developments targeting launch in 2024. These updates focus on improving network efficiency, reducing transaction costs, and introducing new transaction types. Reduced transaction fees StarkNet v0.13.0, planned for Q1 2024, will reduce Cairo stage/embed costs by 50%. Layer 1 (L1) data availability is reduced by 10% across the board and additional gas discounts apply per transaction and contract change. This is made possible by the expected increase in block size, which leads to more efficient data batching. v3 transaction Version 0.13.0, targeted for…
Every year, The Block Pro Research’s team of analysts make predictions on what we think will be the new trends, narratives, and expectations for the new year. This year’s predictions include our thoughts on how artificial intelligence will play into crypto, whether we believe the bitcoin ETF will be approved, and much more.Consensus predictions General expectations of crypto prices to appreciate in 2024, driven by a risk-on environment. Approval of Bitcoin ETF in Q1 2024. Bullish narratives include Real-World Assets, Decentralized Physical Infrastructure, and Artificial Intelligence. Coinbase as a strong performer and beneficially of institutional adoption of crypto. Increased adoption…
One analyst explained that based on the on-chain price model, the next major targets for Ethereum could be $3,830 and $5,100. The next targets for the Ethereum MVRV price band are $3,830 and $5,100. new post At X, analyst Ali talked about the next major target for Ethereum based on the “MVRV price band”. “Market to Realized Value” (MVRV) is a widely used ratio in on-chain analysis calculated by dividing Bitcoin market cap by realized value. Here, “realization limit” refers to BTC’s capitalization model, which assumes that the real value of every coin in circulation is the last value at…