Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto
The 2024 Crypto Forecast: Solana At $500, BNB At $1000, And NFTFN Poised To Hit $5
Following the brutal crypto winter that was witnessed between 2022 and 2023, the crypto market rebounded in 2024. The new year brought considerable bullish momentum and an overall positive sentiment to the market. With renewed investor confidence, market liquidity and extreme greed among traders, people are returning to the market with additional capital. As we head into the second quarter of 2024, three altcoins emerge as the top contenders: Binance Coin (BNB), Solana (SOL) and NFT Finance (NFTFN). Let’s take…
1 year ago
THORChain and Binance Coin Drops As Crypto Market Dips, New 50x Token Arises As a Safe Haven
THORChain price has dropped 10.2% on the 7-day price chart. Binance Coin price has fallen 2.1% on the 7-day price chart. NuggetRush’s price has increased by 100% so far and is expected to witness a 50x surge after its launch. While some altcoins are in the green, other top altcoins have recorded losses. During the last week, the value of THORChain decreased by 10.2%, whereas Binance Coin price has declined by 2.1%. However, the brighter side is that a new…
1 year ago
Binance Chain Launches $1 Million Incentive for Memecoin Developers Amidst Crypto Craze
Binance network has faced immense competition from the Solana ecosystem following the latter’s success through the meme coin industry. The BNB Chain is home to top meme coins like Floki, and Baby Doge Coin, among many others. The ongoing meme coin mania has heightened the competition in the layer one (L1) blockchain ecosystem led by Solana (SOL). The Binance team through its flagship Binance Chain has now shifted attention to the meme coin industry in a bid to retain its…
1 year ago
Top 6 Crypto Altcoins to Buy Before 2024 Bitcoin Halving!
The post Top 6 Crypto Altcoins to Buy Before 2024 Bitcoin Halving! appeared first on Coinpedia Fintech News Are you ready to seize the next big opportunity in the crypto market? As the countdown to the 2024 Bitcoin halving begins, investors are eagerly seeking out promising altcoins with the potential for exponential growth. In this article, we unveil the top 6 must-have crypto altcoins before the 2024 bitcoin halving. Join us as we explore these dynamic digital assets and uncover…
1 year ago
FOMO Gives Way To Fear: Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment
The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its smaller rival, Ethereum. This development has led crypto asset trading firm QCP Capital to speculate that this shift in the ratio could be an early indication of a transition from “fear of missing out” (FOMO) to outright fear. Bitcoin And Ethereum…
1 year ago
History Favors Bitcoin Bulls Despite Crypto Hedge Funds Increasing Shorts
Bitcoin may be dripping lower at spot rates. Still, one analyst is unfazed, expecting the coin to reverse recent losses and snap up firmly before peaking in December 2024. At spot rates, BTC is down roughly 11% from 2024 peaks and struggling to generate sufficient buying pressure, looking at the formation in the daily chart. Will History Support Bitcoin And Rally To Fresh Highs? Taking to X, the analyst highlights historical price patterns using the 2-week Fisher Transform indicator, a tool for…
1 year ago
XRP To $20 And Ethereum To $20,000: Crypto Analyst Reveals When This Will Happen
Crypto analyst CrediBULL Crypto has laid out a bullish narrative for Ethereum (ETH) and XRP. He claimed that both tokens could rise to as high as $20,000 and $20, respectively. Additionally, he stipulated when this parabolic price surge is likely to happen. Ethereum Could Hit A Market Top Near $20,000 CrediBULL Crypto mentioned in an X (formerly Twitter) post that there is a chance that Ethereum could hit a market peak near $20,000. He further explained that ETH could attain…
1 year ago
Breakout Stars of Crypto: 4 Altcoins That Could Outshine Bitcoin
The cryptocurrency market is abuzz as several alternative coins show potential to outdo Bitcoin's performance. With the 2024 bull run upon the market, they are catching the eye of savvy investors seeking substantial growth opportunities. The article ahead focuses on four such altcoins that could lead the pack, allowing potential investors to diversify their portfolio and capitalize on the next big movers in crypto. TRUE Token: Harness the Power of Crypto in iGaming for Unmatched Gains The TRUE token (TFT)…
1 year ago
Australia’s First Physical Bitcoin ETF: Direct Crypto Exposure Arrives
The post Australia’s First Physical Bitcoin ETF: Direct Crypto Exposure Arrives appeared first on Coinpedia Fintech News Monochrome’s spot BTC ETF will be the first in Australia to hold physical Bitcoin in its ETF. This is similar to products in the United States. Unlike the already existing ETPs in Australia, which indirectly offer exposure to spot crypto assets, Monochrome’s ETF aims to hold Bitcoin directly. Regulatory Approval Monochrome has received approval from the Australian Securities Regulator ASIC on two exchange-traded…
1 year ago