After a sluggish start to the week, Ethereum price appears to be making a strong recovery over the past few days. With the new bullish momentum, it seems only a matter of time before the altcoin price surpasses the $4,000 level. Nonetheless, the $4,000 goal is not the only goal for some investors. Traders already appear to be eyeing the unprecedented $5,000 level. According to a prominent blockchain company, the Ethereum price may soon surpass this milestone. Potential drivers that could push ETH price towards $5,000 In its latest weekly report, CryptoQuant, a prominent on-chain analytics platform, discussed the factors…
Author: Crypto Flexs
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Bitcoin (BTC) has recovered significantly from its weekly lows and is hurtling toward an all-time high of $104,088. VanEck expects the cryptocurrency bull market to reach its first peak in the first quarter of 2025. After that, the asset manager expects Bitcoin to fall 30% and altcoins to retrace as much as 60% more sharply. The recovery is expected to begin in the fall, with “major tokens regaining momentum and regaining previous highs by the end of the year.”Another optimistic voice was that of Bitcoin mining industry researcher Danny Marques, who studied Bitcoin’s three previous bull cycles. Marques believes Bitcoin…
London, UK, December 15, 2024, Chainwire Pepeto is currently in the pre-sale phase and the token price is $0.000000098 per token. Pepeto distinguishes itself with advanced features, including a fee-free cross-chain bridge, an exchange geared towards the next generation of memecoins, and a staking platform that aims to reward participants for ongoing participation. Pepeto’s official website is https://pepeto.io. Users should exercise caution and avoid visiting unofficial platforms or Google-sponsored websites. Pepeto’s community engagement through thematic storytelling Pepeto stands out for its compelling narrative based on the frog god’s quest to collect six sacred texts (P, E, P, E, T, O).…
Making money with cryptocurrency can sometimes mean taking big risks. with DogCoin price In a shift that shows just how volatile the markets can be, smart investors are now using the 80-20 rule to build more realistic investment portfolios that can weather market storms. This approach helps protect their money while giving them the opportunity to profit from the growth of cryptocurrencies.Understanding the 80-20 Rule in CryptocurrencyThe 80-20 Rule, also known as the Pareto Principle, suggests that 80% of your cryptocurrency investments should be in stable, established cryptocurrencies, while 20% can be invested in riskier and potentially higher reward options.…
The CEO of digital asset-focused investment firm Pantera Capital said his company owns a handful of other cryptocurrencies in addition to Bitcoin (BTC). In a new CNBC interview, Dan Morehead said he believes Bitcoin and cryptocurrencies still have more upside in this cycle. Morehead points out that his company has accumulated positions in three altcoins, including layer 1 protocol Solana (SOL). “The funny thing about cryptocurrency is that we’ve been doing this for 11 years and the price of Bitcoin has just more than doubled this year… On average, they have done so for 11 consecutive years. So it’s no…
Donald Trump will likely issue an executive order designating Bitcoin (BTC) as a US reserve asset on his first day in office, according to Jack Mallers, CEO and founder of Strike.Will the 200,000 Bitcoin purchase order come out in January 2025?In a podcast interview with YouTuber Tim Pool, Mallus explained that the next president could rely on provisions of the so-called Dollar Stabilization Act, which would give him significant powers to protect the U.S. dollar. Mallers added, “There is a possibility that we will use an executive order on day one to buy Bitcoin.”“It won’t be the size and scale…
contributor Posted on: December 15, 2024 AVAX is down 5.13% in the last 24 hours. A bearish crossover could cause the Avalanche to move lower while remaining in a consolidation range. After experiencing a sustained uptrend and hitting recent highs of $55, Avalanche (AVAX) has struggled to maintain upward momentum. As a result, altcoins fell to a low of $40. Over the past two weeks, AVAX has been trading in a consolidated range between $47 and $55. In fact, at the time of writing, Avalanche was trading at $49.49 on the daily chart, down 5.13%. The altcoin also showed a…
Bitcoin price performance in 2024 will be recorded as the best cryptocurrency in history, surpassing $100,000 for the first time. But achieving this milestone opened the door to another conversation. When will the market peak? As a result, over the past few weeks, there have been several predictions in the cryptocurrency industry about Bitcoin price highs. Recent on-chain observations suggest that the market may not have peaked yet, or even close to it. Relatively low realized profit rate compared to previous cycle In a recent Quicktake post on the CryptoQuant platform, an analyst using the pseudonym CryptoOnChain explained how the…
Coinbase’s chief legal officer has responded to criticism of the exchange’s token listing and delisting practices following a $1 billion lawsuit accusing the company of anti-competitive conduct related to Wrapped Bitcoin.Cryptocurrency exchange Coinbase is being sued for more than $1 billion by BiT Global Digital, which accuses it of harming the cryptocurrency market with its decision to delist Wrapped Bitcoin (WBTC) last November.BiT Global claimed in its December 13 complaint that Coinbase decided to delist wBTC in order to promote its own competing Bitcoin-based token, Coinbase BTC (cbBTC). A day after the lawsuit was filed, Coinbase’s Chief Legal Officer Paul…
Partnership to drive growth toward target of 1 billion users by 2025 Binary Holdings, a $16.9 billion decentralized technology company, announced an investment of up to $5 million from ABO Digital, a company specializing in alternative finance for cryptocurrency projects. The funding is expected to accelerate the expansion of Binary Holdings’ decentralized network, which aims to integrate Web2 and Web3 infrastructure and serve 1 billion users by 2025. Headquartered in Dubai, The Binary Holdings operates a global ecosystem connecting 169 million users across industries including payments, gaming, and digital commerce. The company leverages its proprietary platform, The Binary Network, to…