[ad_1] Crypto trader Duncan has explained why he is “extremely long” on Ethereum (ETH) despite the crypto token’s recent drop to around $3,400. He emphasized the Spot Ethereum ETFs, which he believes could spark a significant rally for ETH. A ‘Significant Upside Repricing’ Could Be On The Horizon ForTHEEthereum Duncan mentioned in an X (formerly Twitter) post that he believes that the market is way too bearish at the moment and that there could be a “significant upside repricing” for Ethereum if the Spot Ethereum ETF inflows are “anything but horrible.” He further explained why he thinks the Spot Ethereum…
Author: dfrancis36
[ad_1] In a scathing assessment of Bitcoin, the largest digital asset by market capitalization, popular crypto analyst and trader Mags has warned BTC investors, highlighting that the crypto asset may drop as low as $50,000 in the short term. Will Bitcoin Drop To $50,000 Soon? Mags has identified a crucial element that Bitcoin must manage to avert a drop below the $50,000 price level. This warning comes amidst a wave of pessimism and increased uncertainty in the cryptocurrency market, which has experienced sharp swings and an overall negative view in recent weeks. The analyst bases his forecast on the long-term trend…
[ad_1] A widely followed crypto analyst says that one Ethereum (ETH) competitor is going to be decent moving forward while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Altcoin Sherpa tells his 217,600 followers on the social media platform X that smart contract platform Fantom (FTM) appears to be gearing up for some “healthy price action.” “FTM: price consolidating at a key level, interacting w. the 200-day exponential moving average (EMA). I expect a chop range to form between $.50 and $.70ish for a bit to form a base – this would be pretty healthy…
[ad_1] Solana has been showing a breakout over the last few days, but data shows crowd FOMO is rising, which could be a bad sign for the rally. Solana Social Volume Has Shot Up Alongside The Rally According to data from the on-chain analytics firm Santiment, the SOL social volume has observed a sharp increase following the recent recovery of cryptocurrency. The “Social Volume” here refers to an indicator that keeps track of the degree of discussion that any given asset receives on the major social media platforms. Related Reading This metric makes this measurement by counting up the unique…
[ad_1] Crypto adoption continues to expand in Latin America as more countries embrace cryptocurrencies and digital assets. Recently, Bolivia announced they lifted their 4-year crypto ban to “modernize the payment system.” Bolivia About To Revolutionize Its Payment System On June 26, the Central Bank of Bolivia (BCB) revealed it had revoked its previous resolution that banned the use of cryptocurrencies in the country. The Board Resolution N°144/2020, issued on December 15, 2020, prohibited the “use of channels and Electronic Payment Instruments (IEP) for purchase and sale transactions of Virtual Assets.” The new Board Resolution N°082/2024 allows financial entities to transact…
[ad_1] A proof-of-work, layer-1 altcoin has defied the crypto market doldrums and surged by 25% this week ahead of an upcoming protocol launch. Kaspa (KAS), which bills itself as “the fastest, open-source, decentralized and fully scalable layer-1 in the world,” is trading around $0.18 at time of writing, up from $0.144 seven days ago. The 27th-ranked crypto asset by market cap is also up more than 6.5% in the past 24 hours. KAS’ gains have materialized as Kasplex, a protocol for the Kaspa ecosystem, gets closer to its open beta, which kicks off on June 30th. The Kasplex Protocol plans…
[ad_1] Leading asset manager and Bitcoin Exchange Traded Fund (ETF) issuer VanEck has officially filed a Spot Solana ETF with the US Securities and Exchange Commission (SEC), fueling bold growth predictions for the Solana ecosystem. Market-making firm GSR Markets recently released a report shedding light on the potential impact of a Solana ETF and highlighting the platform’s emergence as part of the “Big Three” in the crypto space. Speculation Of A Solana ETF Approval GSR’s report highlights Solana’s rapid rise within the cryptocurrency industry, positioning it as a major player alongside Bitcoin and Ethereum. With the Bitcoin ETF market already…
[ad_1] Crypto researcher and analyst Trade The Flow has provided the crypto community with some trade ideas that he believes could help them be profitable despite the choppy market conditions. Interestingly, he revealed his bearish sentiment towards Shiba Inu (SHIB), Cardano (ADA), and Litecoin (LTC) while stating these trade ideas. Long/Short Pair Trade For Shiba Inu, Cardano, And Litecoin Trade The Flow mentioned in an X (formerly Twitter) post that long/short pair trade is one thing that works well in these choppy conditions. Based on this, he outlined several long/short pair trades that one could execute. First, he mentioned longing…
[ad_1] A widely followed crypto analyst and trader says that one top-10 altcoin could be gearing up for a massive rally. Crypto strategist Ali Martinez tells his 65,700 followers on the social media platform X that the native token of layer-1 blockchain Toncoin (TON) could soar more than 19% from its current value. “Toncoin is poised for a … rise towards $9 after breaking out of an ascending triangle!” Source: Ali Martinez/X Toncoin is trading for $7.53 at time of writing, down 1.5% in the last 24 hours. Next up, the analyst warns that Bitcoin (BTC) could retest lower levels…
[ad_1] In a significant development for the cryptocurrency industry, investment firm 21Shares filed an S-1 registration form for a Spot Solana ETF with the US Securities and Exchange Commission (SEC) on Friday. The 21Shares application follows a similar filing by Bitcoin ETF issuer and asset manager VanEck on Thursday, indicating a growing interest in Solana as a potential competitor to the anticipated Ethereum ETF market, which is expected to begin trading in July. 21Shares Introduces Core Solana ETF The 21Shares Core Solana ETF, as described in the filing, is designed to issue common shares of beneficial interest that trade on…