[ad_1] One widely followed crypto analyst says one low-cap artificial intelligence (AI) token is poised to come to life. Crypto trader Michaël van de Poppe tells his 722,600 followers on the social media platform X that the 346th-largest crypto by market cap, Covalent (CQT), is primed to rally. “CQT is currently back to the levels of November 2023. A harsh correction since the peak in February. Expecting to see the price of Covalent rally up significantly, since their recent new updates.” Source: Michaël van de Poppe/X CQT is worth $0.163 at time of writing, up 2.2% on the day. Looking…
Author: dfrancis36
[ad_1] Crypto analyst Ali Martinez has warned the crypto community not to get too excited about the recent market recovery trigger by Spot Solana ETFs filing. Bitcoin (BTC) and the broader crypto market witnessed a relief bounce following recent bullish developments, but the analyst highlighted what could send the market into a downtrend again. Why The Crypto Community Should Not Get “Too Excited” After Solana ETFs Rally Martinez mentioned in an X (formerly Twitter) post that the crypto community should not get too excited because $22 million will be liquidated from the crypto market if Bitcoin drops to $60,700. A…
[ad_1] Jesse Powell, the co-founder and chairman of the cryptocurrency exchange Kraken, has donated $1 million to former President Donald Trump’s 2024 election campaign. The donation, primarily in Ethereum (ETH), marks a pivotal moment in the crypto community’s engagement with US electoral politics. Jesse Powell, who transitioned from his role as CEO to chairman of Kraken in 2022, publicized his support for Trump in a detailed post on X. In his announcement, Powell emphasized Trump’s pro-crypto stance as pivotal for the future of blockchain technology in the US “I am excited to join other leaders from our community to unite…
[ad_1] In a recent technical analysis by popular crypto analyst Big Mike (@Michael_EWpro), the likelihood of a substantial rise in Dogecoin (DOGE) has been spotlighted. Employing a blend of Elliott Wave theory, Fibonacci retracement levels, and crucial indicators such as the RSI and MACD, the analysis presents a bullish scenario that could greatly influence Dogecoin’s market stance. Why Dogecoin Could Skyrocket By 440% The three-day chart for Dogecoin, as traded on Binance, exhibits a complex structure that suggests the application of Elliott Wave theory, which is essential in predicting price movements based on investor psychology and momentum. The chart indicates…
[ad_1] John E. Deaton, a legal expert and advocate of cryptocurrencies, has harshly criticized the United States government for its recent large-scale Bitcoin transfers to San Fransisco-based crypto exchange Coinbase. Deaton, who is well-known for his frank opinions on regulatory matters in the crypto space, has raised worries about the implications of these transfers, questioning the transparency and motivations behind the government’s actions. US Government’s Bitcoin Transfers Under Fire The criticism is the result of the US government transferring a sizable portion of Bitcoin to Coinbase, one of the biggest cryptocurrency exchanges globally. According to reports, thousands of Bitcoins are…
[ad_1] Dogwifhat (WIF) is experiencing increased bearish pressure after facing a significant rejection at the $2.13 resistance level. This rejection marks a pivotal moment, pushing the price downward and signaling potential continued losses for the cryptocurrency. Market analysts and investors are closely watching this development, as the inability to break through the $2.13 barrier underscores prevailing selling pressure. As WIF navigates this challenging phase, the focus shifts to identifying the next support levels and understanding the broader market implications of this downward trend. The main objective of this study is to determine whether WIF’s current price action will stabilize at…
[ad_1] The world of Exchange-Traded Funds (ETFs) is about to get a wild new addition: a single product offering investors exposure to both Bitcoin and gold. This brainchild of Tidal Investments and Quantify Chaos Advisors, called the STKD Bitcoin & Gold ETF, takes a novel approach by leveraging both assets for a potentially smoother ride in the often-choppy investment landscape. Marrying Opposites: A 100% Leveraged Bet On Diversification Traditionally, Bitcoin and gold have been seen as somewhat opposing forces in the investment world. Bitcoin, the volatile darling of the cryptocurrency scene, is known for its rapid price swings. Gold, on…
[ad_1] Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a significant decline in value recently. Over the past month, its price has dropped by 15%, leading to concerns among investors about the future of this digital asset. The current situation raises questions about whether this downturn signals a prolonged decline or if it is merely a temporary setback before a potential recovery. Related Reading Despite the price decrease, some analysts remain optimistic about Ethereum’s prospects. Prominent cryptocurrency analyst Yodhha has identified technical patterns that may indicate a forthcoming reversal in Ethereum’s fortunes. ETH in the read in the last…
[ad_1] On Thursday, VanEck filed an application for the inaugural US-based spot Solana Exchange-Traded Fund (ETF). This move has sparked considerable interest among investors and analysts alike. GSR, a prominent market maker, has released an in-depth analysis entitled “Is Solana Next?” which projects an extraordinary potential increase in SOL’s price, possibly by up to nine times, under the right conditions. Can The Spot Solana ETF Be Approved? Established in 2018 by visionaries Anatoly Yakovenko and Raj Gokal, and officially launched in 2020, Solana represents a state-of-the-art blockchain architecture developed to achieve high throughput and scalability. This blockchain is distinguished by…
[ad_1] Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an…