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Showing posts from February, 2024

Bitcoin price surge triggers one big 'I told you so' from fans

Bitcoin hit $63,000 on Wednesday night, leaving it roughly $6,000 from its $69,000 all-time high. The currency has been climbing — albeit in rather staggered intervals — since December 2022, and in this time, the space has also seen the rise of a number of Bitcoin-related products, including ordinals and the recently-approved bitcoin ETFs. Not surprisingly, with the world’s foremost Crypto in relatively rude health, its supporters have wasted no time in taking to X (formerly Twitter) to say “I told you so” to many of the well-known CEOs, spokespeople, and executives who have completely missed the mark on Bitcoin .  JP Morgan CEO called bitcoin a ‘pet rock’ A clip of Chase Bank CEO Jamie Dimon speaking at Davos in 2017 did the rounds yesterday. During the interview, it’s implied that Dimon may be on the fence where bitcoin’s concerned. However, he quickly responds, “You talk about it too much. You should stop talking about it and go ba...

CELO, QNT Prepared to Change Things for the Better

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Discover Crypto said CELO and QNT’s fundamentals and community could drive the prices higher. Higher volatility alongside buying pressure could push CELO above $1. QNT’s 4-hour chart displayed a golden cross that could lead it to $120. According to the Discover Crypto YouTube channel, Celo (CELO) and Quant (QNT) are two altcoins that have not reached their full potential and might be ready to do so in the coming week. However, the channel did not come to this conclusion without giving its reasons. For CELO, Discover Crypto noted that its volume has been surging compared to what it was some months back. The increase in volume suggests, rising interest in the project. If this continues, CELO’s price could jump. In QNT’s case, the channel focused on the fundamentals. According to them, Quant’s place as an enterprise solution for financial institutions makes it a project whose token could experience high demand. They also noted that QNT has a strong com...

Dogecoin Surges 31%: Can DOGE Reach $1 in 2024?

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The price of the original meme coin, Dogecoin, surged over 31% in the last 24 hours. The price of DOGE reached above $0.1264, a rare event that happened in 2024. The OG meme coin is up by 31% at press time, according to the latest data from CoinMarketCap. Software developers Billy Markus and Jackson Palmer created Dogecoin on December 6, 2013. The cryptocurrency Features the Shiba Inu “doge” meme as its mascot. Dogecoin, which its creators originally intended to be a lighthearted cryptocurrency, has developed over the past ten years to become one of the most popular digital currencies. The last time DOGE breached the $0.10 level was on its tenth birthday in December 2023. However, DOGE was putting on a muted performance recently, up until its recent surge. Also read: Shiba Inu Forecasted To Reach 25 Cents: Here’s When JUST IN: Dogecoin $DOGE rises over 32% in the last 24 hours, surpassing a $17.5 billion market cap. pic.twitter.com/ooCW5i5IOZ — Watc...

Bitcoin at $59,485, Expert Says BTC Pump to End on April Fool’s Day

Bitcoin has reached a high of $59,485 following a 15% rally within the last 48 hours. Ben Armstrong predicts that the current bull run will end in April 2025. Peter Brandt contended that the culmination of this bull run might occur around August or September 2025. While Bitcoin moves to claim a new all-time high, crypto pundits like Ben Armstrong predict when this cycle’s bull run may end. Bitcoin has reached a high of $59,485 at the time of this report, following a 15% rally within the last 48 hours. Amid Bitcoin’s praiseworthy performance, Armstrong shared his view in a recent episode on his YouTube channel regarding when Bitcoin’s bullish rally might end. Armstrong confidently predicted that the current bull run would culminate on April Fool’s Day of 2025. He pointed out that this cycle’s bullish phase commenced last October, placing April 2025 at around 18 months, consistent with historical patterns. As a result, Armstrong emphasized that t...

Dencun to Triple Ethereum’s Data Availability: Polygon zkEVM Founder 

Polygon zkEVM co-founder Jordi Baylina explains the potential benefits of Dencun upgrade’s EIP-4844. The upgrade is expected to improve capacity and gas fees on Polygon zkEVM. Baylina believes that the upgrade will bring a potential cost reduction from 10x to 50x. Ethereum’s Dencun upgrade, slated to occur in mid-March, is expected to bring improved data availability for Layer 2 (L2) solutions in a cost-efficient manner. Polygon zkEVM co-founder Jordi Baylina discussed the significance of the Dencun for Layer 2s like Polygon zkEVM, and in particular the introduction of EIP-4844. In an Ethereum Core Developer meeting, the developers discussed EIP-4844, a much anticipated scaling solution that is also known as “proto-danksharding.” The proposal aims to improve Ethereum’s scalability beyond the limitations of existing L2 solutions, improving data capacity and reducing transaction fees.   According to Baylina, the Dencun upgrade will improve L2s by t...

Cardano unveils Plutus V3 to empower developers 5 days to Pullix presale end

Cardano introduces Plutus V3 engine, enhancing smart contract functionalities Cardano (DA) price has surged following the launch of the new engine. PLX token presale coming to an end, with $8,242,734 raised. Cardano, a leading Proof-of-Stake (PoS) blockchain, has unveiled its highly anticipated Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. At the same time, Pullix, a new DeFi protocol, is gearing up for the listing of its PLX token on two exchanges once the presale comes to an end. Cardano’s Plutus V3 Engine The Plutus V3 engine, introduced by Cardano, is a significant upgrade poised to enhance performance and functionality on its PoS network. The engine is designed to augment smart contract capabilities and is set to drive intrigue among developers seeking advanced blockchain solutions. 👀 Introducing PlutusV3 – a new ledger language now available for testing on #SanchoNet. Wi...

Polygon (MATIC) Teases $1 Resistance; Algorand (ALGO) Prepares for a Breakout; InQubeta (QUBE) Soars Past $10M in Early Funding

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Riding the wave of excitement around the recent Starknet and DYM airdrops, the crypto market is on the rise. Polygon (MATIC), one of the top altcoins, has been teasing the $1 resistance, which it has tested a couple of times already this month. Additionally, Algorand (ALGO) is preparing for a breakout, making it one of the altcoins to watch. In the ICO world, InQubeta (QUBE) recently blasted through $10 million in its early funding, leaving early holders excited. Poised to skyrocket after its launch, some analysts are suggesting QUBE could be one of the best new Crypto s to invest in. InQubeta (QUBE): Racing Past $10 Million in Presale InQubeta (QUBE)  is at the forefront of the ICO market after soaring past $10.3 million in its ongoing presale, leaving most of the new ICOs in the dust. The massive interest in the ICO is due to its staggering growth potential, which also highlights investor confidence in its potential. A token costs $0.0224 in t...

Bitcoin Bull Run: Peter Brandt Warns of Potential Pullback, Eyes $200,000 Target

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Bitcoin’s price surge continues with Peter Brandt now eyeing a $200,000 target. Brandt cautions against market overheating, highlighting potential pullback triggers like RSI signals. The use of “laser eyes” memes resurfaces as a bullish indicator amidst Bitcoin’s ongoing rally. Legendary Bitcoin trader Peter Brandt has a new target for the current bull market cycle: $200,000, up from his previous prediction of $120,000. This prediction is based on a technical Analysis chart showing Bitcoin breaking above a key channel.  Bitcoin Update With the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug/Sep 2025 is being raised from $120,000 to $200,000. $BTC A close below last week's low will nullify this interpretation pic.twitter.com/19ZXpAQW0v — Peter Brandt (@PeterLBrandt) February 27, 2024 Bitcoin is currently trading at $56000. However, according to...

BlackRock Spot Bitcoin ETF Trading Volume Surpasses $1.1 Billion

BlackRock’s Spot Bitcoin ETF has been extremely successful since its launch in January 2024. On Monday, the ETF reached another significant milestone, with its trading volume surpassing $1.1 billion in a single day. JUST IN: BlackRock’s spot #Bitcoin ETF surpasses $1.1 billion in trading volume today. — Watcher.Guru (@WatcherGuru) February 26, 2024 On the current stock market, BlackRock’s Bitcoin ETF ranks 11th among all ETFs. Furthermore, IBIT made it into the top 25 traded stocks on Monday as well. With Bitcoin on a significant rally over the past week, most Spot Bitcoin ETFs are seeing a pump. Bitcoin is currently trading north of $54,000 at press time. BlackRock is far and away the best trading Spot Bitcoin ETF today. However, all of the major BTC ETFs are seeing a jump today. Overall, according to Bitcoin expert at Bloomberg Eric Balchunas, today will be “a lock” to be the second biggest trading day for Spot Bitcoin ETFs and h...

MicroStrategy Buys Additional 3,000 Bitcoin Worth $155M

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One of the foremost BTC advocates in business, Michale Saylor’s MicroStrategy has acquired an additional 3,000 Bitcoin worth $155 million. Indeed, Saylor took to X (formerly Twitter) to announce the update to the business intelligence firm’s growing holdings of the cryptocurrency. Saylor stated that the additional BTC was acquired for an average price of $51,813 per Bitcoin. Moreover, he noted that the latest purchase brings MicroStrategy’s total holdings to 193,000 Bitcoin that were acquired for a remarkable $6.09 billion, with an average price of $31,544 per BTC. JUST IN: MicroStrategy buys an additional 3,000 #Bitcoin ($155 million). — Watcher.Guru (@WatcherGuru) February 26, 2024 Also Read: Michael Saylor Says He Will Never Stop Buying Bitcoin MicroStrategy Does it Again, Adds 3,000 BTC The prominence of Bitcoin has certainly grown just two months into 2024. Driven by the 11 Spot Bitcoin ETF approvals that were granted by the US Securitie...

Cryptocurrency: 3 Coins That Could Surge in March

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March is shaping up to be a pivotal month for investors. Three standout coins—Bitcoin, Ethereum, and XRP—emerge as frontrunners, each poised for significant movements. Let’s explore the unique attributes that position these cryptocurrencies for potential surges. Bitcoin Bitcoin, the original cryptocurrency, continues to lead the market with its robust infrastructure and widespread adoption. BTC is trading at $51,565.06 with a market cap exceeding $1 trillion. In addition, Bitcoin’s resilience and appeal to institutional investors underscore its potential for growth. Its decentralized nature and limited supply of 21 million coins add to its allure as a hedge against inflation. It also makes it a prime candidate for a surge in March. Also read: Shiba Inu: How Many SHIB You Need To Make $10 Million if It Hits $0.01? Ethereum Ethereum, known for its smart contract functionality, stands as the backbone of the decentralized finance (DeFi) and non-fungible token (NFT...

FTX Settles Lawsuit for $33 Million Over Failed European Expansion

FTX settled a lawsuit to recover funds spent on its ill-fated European expansion.  The settlement involved selling back the acquired European subsidiary for $32.7M. This move prioritizes payouts to FTX’s EU customers amid bankruptcy proceedings. Bankrupt crypto exchange FTX has settled a lawsuit to recover funds spent on its ill-fated European expansion. The settlement, totaling $33 million, ended a legal battle that stemmed from FTX’s acquisition of a European startup for $323 million. The lawsuit targeted the acquisition of Zurich-based Digital Assets DA AG, which FTX rebranded as FTX Europe in 2021. FTX had alleged that the purchase price was exorbitant and made using FTX customer funds. However, the founders of Digital Assets DA AG, Patrick Gruhn, and Robin Matzke, contested FTX’s claims and sought $256.6 million from FTX in return. Following extensive legal wrangling, FTX determined that selling back the European subsidiar...

Top Crypto Gainers Today February 23 – Axelar, WOO Network, KuCoin Token, Gala

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In today’s top crypto gainers , four tokens rise to the forefront, each boasting unique Features . Axelar (AXL) leads with its cross-chain prowess, witnessing a staggering 107% price increase over the past year. WOO Network (WOO) surges by 14.80% within 24 hours, driven by its commitment to liquidity provision. KuCoin Token (KCS) experiences a 5.80% surge, backed by its innovative profit-sharing model. Gala (GALA) maintains stability despite a -37% price decrease last year, showcasing resilience amidst market fluctuations. Worthy of note is Scotty, which has increased with Ocean Protocol’s OCEAN and Fetch.AI’s FET amid a 7.7% market surge. These tokens embody the evolving crypto market, offering investors diverse opportunities for growth and innovation. Biggest Crypto Gainers Today – Top List The crypto space remains vibrant with a total capitalization of $1.97T, despite Bitcoin’s slight dip to $51,300, marking a 0.94% decrease. As a Fear & Greed I...

Trump Says He’s Ready to Live with Bitcoin Because People Find It Interesting

Trump acknowledged on a program that Bitcoin is being adopted. Donald Trump mentions that people find something interesting in Bitcoin. Trump says he can live with Bitcoin, although he prefers the US dollar. Former U.S. President Donald Trump, during the days when he was running his campaign for the 2024 presidential election in the United States, expressed his views on Bitcoin in a video that has emerged. As the presidential candidate, Donald Trump stated, “I always like the one currency. I like the Dollar.” When asked whether embracing BTC was the next logical step by FOX News host. Later, Trump acknowledges that people are adopting Bitcoin and want to make payments with it. JUST IN: President Donald Trump says many people are embracing #Bitcoin & wanting to pay with it. "You're seeing something that's interesting, I can live with it." pic.twitter.com/WUl1PjdstY — Watcher.Guru (@WatcherGuru) February 23...

Shiba Inu Could Hit $0.000712, $0.00769, $0.025: Here's When

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Despite recent carnage dragging Shiba Inu’s price down recently, some analysts remain adamant on lofty future valuations for the meme coin, citing targets at $0.000712, $0.00769, and even $0.025 further out. The projections may seem detached from today’s action, but believers maintain that clear catalyst paths exist. When will Shiba Inu hit $0.000712? Changelly experts forecast SHIB reaching $0.000712 as early as 2030, just six years away. However, doing so requires a 7,450% gain from current levels. And critically, it would put Shiba Inu over 700% above its former peak of $0.00008845 in October 2021. The same analysts set a $0.00769 price target for 2040 that was even more ambitious. This milestone demands an even more staggering 81,448% rally from today’s prices. Moreover, SHIB has to eclipse its all-time high by nearly 8600% to get there. Also read: Ripple (XRP) Could Surge 1350%, Here’s How Will SHIB hit $0.025? Finally, Telegaon analysts went as far...