Crypto analyst TradinSides has revealed that the recent XRP crash to $2 could have ended the bearish 2nd wave. With that out of the way, the crypto analyst mentioned the factors that could drive the wave 3 impulsive move to the upside. XRP Price Crash Ends Bearish 2nd Wave In a TradingView post, TradingSides stated that the XRP price retest of the $2 level could be the end of the second wave in the Elliot Wave of XRP’s bullish cycle. With Wave 2 likely done, Wave 3’s impulsive move to the upside will take place anytime from now. The crypto…
Author: dfrancis36
DDB Miner turns on “Christmas Carnival Mode” and easily earns $4,000 every dayIt is the time of year again, when the shopping malls are full of customers who are shopping for gifts. People are exchanging colorful Christmas cards and gifts. The streets and alleys are full of lights and dazzling things. The exquisite and gorgeous Christmas decorations are dazzling. Familiar Christmas songs are ringing in our ears, and the atmosphere is warm and joyful everywhere. Families gather together to share a delicious Christmas dinner. Children are in sweet dreams, looking forward to Santa Claus coming down from the sky and…
Este artículo también está disponible en español. The Bitcoin price is approaching the $100,000 level again after experiencing significant declines these past weeks. A crypto analyst has pointed out that the critical resistance level at $99,800 is crucial for Bitcoin’s next move. If the pioneer cryptocurrency can break through this level, it could trigger a significant breakout, potentially propelling Bitcoin past the $100,000 mark. Related Reading Bitcoin Price Faces Resistance At $99,800 Prominent crypto analyst Ali Martinez has shared a chart showing an In/Out of the Money Around Price (IOMAP) analysis of the distribution of Bitcoin wallets based on their…
IntroductionThe cryptocurrency market is no stranger to volatility, but for keen investors, market dips can present golden opportunities. One cryptocurrency currently turning heads is Solana (SOL). Its Market Value to Realized Value (MVRV) ratio indicates it might be undervalued, making it a potential candidate for future growth. In this article, we’ll explore what the MVRV ratio means for Solana, how to understand its signals, and actionable strategies to navigate the market for potential profit.Understanding Solana’s MVRV and Why It MattersThe Market Value to Realized Value (MVRV) ratio is an essential on-chain metric, helping traders and investors determine if an asset…
Este artículo también está disponible en español. Bitcoin is currently trading at $97,600, following a sharp dip from its all-time high and a modest recovery from the critical $92,000 support level. This recent price movement highlights the market’s ongoing volatility as investors grapple with shifting sentiment and technical levels. Despite the rebound, Bitcoin now faces a significant challenge in sustaining its upward momentum. Related Reading Analyst Ali Martinez shared compelling data revealing that Bitcoin encounters a massive resistance zone between $97,500 and $99,800. This “brick wall” is fortified by the activity of 924,000 wallets, which collectively purchased over 1.19 million…
The cryptocurrency market is alive with excitement as Litecoin (LTC) achieves another milestone: its hash rate has reached an all-time high. This development has sparked renewed interest in Litecoin, with both miners and investors eagerly watching its next moves. But what does this mean for LTC’s price, and how can investors strategically navigate this opportunity?Understanding the Hash Rate’s ImportanceFor those unfamiliar, a blockchain’s hash rate represents the total computing power being used to process transactions and secure the network. When LTC’s hash rate climbs to unprecedented levels, it signals robust confidence from miners and underscores the network’s health.Here’s why this…
Recently, BlackRock released an educational video explaining Bitcoin, which I thought was great—it’s amazing to see Bitcoin being discussed on such a massive platform. But, of course, Bitcoin X (Twitter) had a meltdown over one specific line in the video: “There is no guarantee that Bitcoin’s 21 million supply cap will not be changed.” HealthRnager from Natural News claimed, “Bitcoin has become far too centralized, and now the wrong people largely control its algorithms. They are TELLING you in advance what they plan to do.”Now, let me be clear: this is total nonsense. The controversy is overhyped, and the idea…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
There is no question that the cryptocurrency industry witnessed explosive growth in 2024, with the flagship cryptocurrency Bitcoin continuing to lead the market. Data shows that the total market capitalization of the crypto industry has more than doubled over the past year. While it has been challenging to find a common theme for how the market has improved in 2024, it is easy to point out the different aspects of growth in the digital asset industry this year. A prominent blockchain firm has identified five trends that reflect the shift experienced in the crypto market in the past 12 months.…
The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets. The implications of this growth are profound as the UAE continues to position itself as a hub for blockchain innovation and cryptocurrency adoption. Unprecedented Increase in Bitcoin Holdings in the United Arab Emirates Institutional and Government Investments Major organizations and the UAE government have played a pivotal role in increasing the country’s Bitcoin holdings. Substantial investments from private companies and…