[ad_1] A widely followed analyst is leaning bullish on a decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem. The analyst pseudonymously known as CredibleCrypto tells his 449,900 followers on the social media platform X that his “highest conviction” bet based on the risk-reward ratio is Curve DAO (CRV). According to CredibleCrypto, CRV could rally by at least 722% from the current level. CRV is trading at $0.852 at time of writing, up by over 70% over the past 30 days. The widely followed analyst says that his bullish thesis for CRV is backed by the tokenomics of the…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. A crypto analyst has set an ambitious target between $7 and $13 for the XRP price, basing his predictions on the Elliott Wave theory and Fibonacci levels. According to the analyst’s price chart, Wave 2 and 5 could push XRP to these key targets, marking new all-time highs for the cryptocurrency. XRP Price Roadmap To New ATHs The XRP price has been on a rather lengthy consolidation trend, halting its previous price momentum after hitting the $2.5 mark. Despite facing bearish trends and a drop to $2.2, a crypto analyst on TradingView,…
[ad_1] Crypto analyst TradingShot has provided insights into the Bitcoin price recovery to $150,000. He analyzed the Fibonacci levels to provide insights into how Bitcoin could reach this new high, although the analyst suggested that there could be more price correction before that happens. The Bitcoin Price Recovery To $150,000 In a TradingView post, TradingShot stated that the next high is on the horizon as the Bitcoin price has already entered phase 3 of the bull cycle. This next high is expected to be on the -0.5 horizontal Fibonacci extension and on the 2.0 Channel Fibonacci extension at the price…
[ad_1] Cryptocurrency is revolutionizing the way we think about finance, opening up exciting avenues for investors to grow their wealth. Yet, while opportunities abound, tax regulations remain a crucial factor that can significantly impact your profits. These rules differ widely across jurisdictions like the United States, the United Kingdom, and the European Union, making it essential to understand how they affect your investments.This guide explores the tax frameworks in these regions, outlining key considerations for cryptocurrency investors and practical strategies to optimize compliance and reduce tax liabilities.Cryptocurrency Tax Rules in the United StatesIn the US, the IRS treats cryptocurrency as…
[ad_1] Recent trading activities reveal that Solana (SOL) is showing signs of renewed strength as its price stages a notable recovery. After enduring a period of bearish dominance, SOL has found support at $164, sparking optimism among market participants. Currently, the cryptocurrency is approaching the critical $194 resistance level, a pivotal barrier that could determine the next phase of its trajectory. This recovery highlights the resilience of Solana’s bulls, who appear ready to reclaim control and push the price higher. However, the journey to surpass $194 is far from straightforward. Historical data reveals this level as a significant hurdle, where…
[ad_1] Russian authorities approved a list of regions where cryptocurrency mining will be banned starting January 1, 2025. The ban will last for six years, ending on March 15, 2031. This decision was made today (Tuesday).These measures align with cryptocurrency mining laws signed by the Russian president Vladimir Putin in August and October 2024, aimed at managing energy consumption.Russia Bans Mining, Enforces Seasonal RestrictionsIt will apply to 10 regions, including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson.The ban will affect both mining pools and individual miners. Seasonal restrictions will also be enforced in three Siberian…
[ad_1] Nokia, a Finnish telecoms company, is joining the crypto revolution. According to reports, Nokia has developed a technology for encrypting digital assets and addressing vulnerabilities. The Finnish company formally applied for a patent for the encryption of digital assets with the Chinese Intellectual Property Administration last June 2024. The patent, with publication number CN 119155674 A, identifies a device method and computer program to protect assets from vulnerabilities. Nokia’s latest move reflects its growing commitment to blockchain technology after decades of being associated with the production of mobile devices. Nokia: Encrypting Digital Assets The patent’s abstract proposes encrypting a…
[ad_1] The cryptocurrency market is as unpredictable as ever. After weeks of impressive gains across altcoins, a sharp market correction has cast doubt over their momentum. Many are now asking: Is this the end of altcoin season? For context, “altcoin season” refers to periods when cryptocurrencies other than Bitcoin outperform, attracting more market capital. However, data from Glassnode suggests a challenging road ahead for altcoins, as Bitcoin and Ethereum continue to dominate. This shift may have serious implications for speculative and smaller tokens.If you’re navigating these turbulent times as an investor, understanding the forces at play is essential. Below, we…
[ad_1] The best BingX referral code for 2024 is HHZMEIY5, which unlocks rewards like up to $6,000 in sign-up bonuses and a 10% trading fee discount.When you decide to trade on the BingX crypto exchange, using a BingX referral code can provide you with numerous beneficial rewards. With our BingX invitation code, you can grab a solid sign-up bonus, enjoy mystery box prizes, and even get USDT trial funds. Additionally, you’ll receive a discount that can significantly reduce your trading fees.In this article, we will guide you on how to use the BingX referral code, how to claim your referral…
[ad_1] Will your ship arrive in 2025? Time to call up new meme coins that can do the work for you in the new year. If ever there was a year of meme coins, 2024 has been it, and the momentum could continue well into 2025. Meme coins have outperformed every expectation in 2024, with big names like Dogecoin ($DOGE) and Shiba Inu ($SHIB) seeing between 200% and 400% growth across every metric this year. And they seem to be hanging onto much of these gains, despite some noticeable volatility in recent days over the Fed’s hawkish attitude to crypto.…