Ethereum 2 Dahilan Kung Bakit Hindi Maiiwasan ang Ethereum Mega Bull Run Balita ng Ethereum ng Bitcoin ETHBTC price trending upward on the daily chart | Source: ETHBTC on Binance, TradingView Tampok na larawan mula sa Canva, tsart mula sa TradingView
Ethereum ETH, XRP, ADA, SOL, and BONK This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETHs price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking ahead, the momentum is bullish, and ETH is showing signs it may recover some of the ground lost to Bitcoin in the past few weeks. Tsart ng TradingViewRipple (XRP) XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this cryptocurrency can aim for higher levels. The support at 57 cents held well, and considering that buyers are dominating the market right now, XRP could continue to perform in the coming week. Looking ahead, this cryptocurrency could break the current resistance and aim to reach the previous high from July when XRP got close to $1. Tsart ng TradingViewCardano (ADA) ADA bulls woke up this week with an impressive 28%
Balita ng Ethereum ng Bitcoin In a Dec. 6 article, William Casarin, founder of Nostr Damus and a Bitcoin Core and Lightning Network developer, asserts that inscribing data as Bitcoin script program data is a technical exploit, emphasizing that Bitcoin is not designed for data storage. Showing solidarity with Bitcoin developer Luke Dashjrs perspective of inscriptions being a bug, Casarin underscores the broader implications of this issue, tying it to the overall health and decentralization of the Bitcoin network. Data and preferential treatment As part of the release titled “Why Inscriptions are an exploit,” Casarin calls out that the intriguing aspect lies in individuals assigning value to images on the Bitcoin blockchain, with non-ideological miners and those indifferent to Bitcoins health and decentralization readily paying fees for inclusion. Through his analysis, he concludes that data shouldn‘t receive preferential treatment; users must pay the total price, utilizing protocols like op_return and hashes for legitimate data storage in Bitcoin. Casarin also states that his stance is that the current scenario represents a significant data spam exploit, necessitating proactive solutions from Bitcoin developers. He commends ideological developers like Dashjr for prioritizing the network’s health and decentralization, in his statements calling inscriptions a bug that makes it possible for
Balita ng Ethereum ng Bitcoin Bitcoin is consolidating in a bull flag ready for the next push to the upside. The huge level of $48,000 is only an 11% price move away. So far everything is going to plan for bitcoin. The massive move upwards over the whole of 2023 is still in continuation. Will bitcoin be able to achieve $48,000, or even $50,000 by the end of the year？ Its looking more and more likely. Bitcoin consolidating quickly Up, consolidate sideways, then up again. This seems to be the modus operandi of bitcoin since around the middle of September. In this almost 3 month period of time the price of bitcoin has risen around 74%. Pinagmulan: Pangangalakal sa Pagbebenta While bitcoin consolidated sideways with a good upward bias through 23 October to 1 of December, since then the price has started to accelerate to the upside, with now only short periods of consolidation within small triangle patterns or flags. This current flag sees the bitcoin price wick down quite a way, but bulls were there to buy it right back up again. This tells the story that there is still a lot of strength in the alpha cryptocurrency. Bitcoin dominance gets rejected Pinagmulan: Pangangalakal sa Pagbebenta Judging by the
XRP has shown little or no action of late but its luck may just be about to change, according to popular crypto analyst JD. XRP has shown little or no action of late but its luck may just be about to change, according to popular crypto analyst JD. JDs submission is based on a historical pattern of movement called the “golden cross”. And XRP may have just formed one on the 4-day timeframe. In an explanation via a recent X magpaskil, the analyst explained that a golden cross is formed when an assets shorter moving average (MA) crosses above the longer moving average. This movement, according to JD, usually precedes a price breakout of great proportions. To drive home his point, JD posted a 4-day XRP chart showing the price movements of XRP over the years. Interestingly, data from the chart show XRP conforming to the breakout pattern every time its shorter moving average (MA) crosses above the longer moving average. XRPs Previous Crossovers Hint at What to Expect Now According to the price history of XRP, the golden cross has only happened twice before now. The first happened in November 2017, which brought about an over 700% immediate rise in the assets value. In
Bitcoin (BTC) will hit a new all-time high in late 2024 because of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts. On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, the timing of spot Bitcoin exchange-traded fund (ETF) launches, the impact of the Bitcoin halving, and emerging dominant crypto platforms. VanEck 15 Crypto Predictions for 2024 Prediction #1. The US recession will finally arrive, but so will the first spot #Bitcoin ETFs. Over $2.4B may flow into these ETFs in Q1 2024 to support Bitcoins price. — VanEck (@vaneck_us) Disyembre 7, 2023 VanEck is among several firms, including BlackRock and Fidelity, that are vying for an approved spot Bitcoin ETF, as well as a spot Ethereum ETF. $2.4 billion to flow into Bitcoin ETFs in Q1 VanEck is confident that the first spot Bitcoin ETFs will be approved in the first quarter of 2024. However, it also had a gloomy prediction for the U.S. economy. “The US recession will finally arrive, but so will the first spot Bitcoin ETFs,” it stated before predicting that “more than $2.4 billion may flow into these ETFs in Q1 2024 to support Bitcoins price.” The firm also stated that
On-chain data shows about a third of the total circulating Bitcoin supply hasnt seen any movement on the blockchain since over five years ago. Bitcoin Supply Grows More Dormant As HODLing Continues Sa isang bagong magpaskil on X, analyst James V. Straten shared a chart showing how the Bitcoin supply held by the different long-term holder segments has changed over the assets history. The “long-term holders” (LTHs) refer to those investors who have been holding onto their coins since at least 155 days ago. The holders who own coins with an age less than this threshold are known as the “short-term holders” (STHs). Statistically, the longer a holder keeps their coins dormant, the less likely they become to move them at any point. Due to this reason, the LTHs are the more resolute group of the two, rarely selling their Bitcoin and staying strong even in times of significant losses or profits. Now, here is a chart that shows the trend in the supply carried by specific bands of the LTHs, starting from the 1+ year segment: Looks like all of these metrics have registered a rise in recent days | Source: @jimmyvs24 sa X As mentioned before, coins only become more likely to remain unsold the
Crypto analyst and trader Ali Martinez have taken to Twitter to share an optimistic outlook on Bitcoin, highlighting another bullish confirmation signal. He observes a positive trend for Bitcoin (BTC) through the realized price metric, indicating potential market growth. Bullish Momentum ng Bitcoin According to Martinez, this particular bullish signal has proven its potency over the past three years, consistently driving Bitcoin to achieve remarkable new price highs. Kung sakaling kailangan mo ng isa pang bullish confirmation signal!#Bitcoin Nahigitan na ngayon ng Realized Price ang Long-Term Holder Realized Price, na nagpapahiwatig na ang #crypto market ay nakakakuha ng momentum, na may mga bagong mamumuhunan na handang bumili sa mas mataas na presyo. Ito ay makikita bilang isang… — Ali (@ali_charts) Disyembre 6, 2023 The realized price represents the average price of all circulating Bitcoins, calculated by their last movement, while the long-term holder realized price focuses on the average acquisition price of Bitcoins untouched for at least five months. Meanwhile, Martinez interprets this development as a bullish sign, suggesting a growing influx of new investors willing to buy at higher prices. He states, The crypto market is gaining momentum, with newer investors willing to buy at higher prices. This can be seen as a bullish sign, showing
Bullish JITO (JTO) price prediction ranges from $6 to $12. Analysis suggests that the JITO price might reach above $10. The JITO bearish market price prediction for 2023 is $2.6. What is JITO (JTO)？ Jito Network is a liquidity staking platform built on Solana. It is a major contributor to the Solana ecosystem through its JitoSOL liquid staking pool and its collection of MEV products. Users can exchange their SOL for JitoSOL. In return, holders get the chance to maintain SOLs liquidity and DeFi opportunities while earning yield from staking. Furthermore, JitoSOL provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana. Maximum extractable value (MEV) describes profit opportunities attributable to the specific order of transaction execution. For example, a large swap on Orca can lower the pools price below that of Raydium or Serum. Traders will race to profit from that price difference and this arbitrage is considered MEV. The Jito Foundation was created to minimize the negative impacts of MEV, equitably distribute the profits, and increase transparency. Jito published an open-source validator client designed to create a competitive market for MEV extraction. The client enables auctions within each block for the opportunity to capture that blocks MEV. Traders submit
Gold pulls lower as US Nonfarm Payrolls increase above expectations in November. The Precious metal is testing recent lows amid a stronger US Dollar. Higher US yields are expected to support the Dollar and weigh on Gold. Gold price (XAU/USD) has been pulled lower ahead of Friday‘s European session opening, as the US Nonfarm Payrolls (NFP) report, beat expectations, which has cooled investors’ hopes that the Federal Reserve (FED) might stsar cutting rates ahead of schedule. Nonfarm employment increased in the US In November with 199,000 new jobs, following a 150,000 increase in October, and beating market expectations of a 180,000 reading. Beyond that, wage inflation accelerated at a 0.4% pace, from the 0.2% seen last month. These figures offset the impact of the US JOLTs openings and the ADP employment report seen earlier this week and cast doubt about the possibility that the Fed starts rolling back its tightening cycle in March. According to the CME Group Fed Watch tool, chances of a 25 bps cut in March have declined below the 50% level from 55% ahead of the data release. This is providing a fresh impulse to US Treasury yields and dragging the US Dollar higher. In a short while, the University of Michigan
