[ad_1] A closely followed crypto analyst predicts that Dogecoin (DOGE) will suddenly go parabolic as other memecoins are putting up massive gains. Pseudonymous trader Kaleo tells his 641,400 followers on the social media platform X that DOGE could soar more than 220% from its current value against Bitcoin (DOGE/BTC). “The secret about Dogecoin is, it moves sideways for extended periods, followed by rapid, vertical growth. As bullish as I am on Bitcoin, I have an insanely high conviction DOGE will outpace it. We’re in a meme super cycle. The king of memes won’t be left behind.” Source: Kaleo/X Looking at…
Author: dfrancis36
[ad_1] The cryptocurrency world is abuzz with chatter surrounding Notcoin (NOT), a recently launched altcoin experiencing a meteoric rise. Market analyst Michaël van de Poppe has fueled the flames with a bold prediction: a potential 2-5x surge for NOT against Bitcoin (BTC) within the next four months. Related Reading From Underdog To Market Mover Notcoin entered the scene with a bang, skyrocketing 600% in just a few weeks. Analysts attribute this initial surge to exchange listings on major platforms like Binance and OKX, which injected significant liquidity and investor interest. While Bitcoin maintained a characteristically stable posture, Notcoin exhibited dramatic…
[ad_1] This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. This article is based on data as of November 15, 2023. The data in this article was prepared by SQRR Research, https://sqrr.xyzBitcoin, Not BlockchainBitcoin, not blockchain. This has been a prominent meme throughout the past two epochs, guiding noobs towards a Bitcoin-only way of life, away from the fraudulent “cryptos” promising greater “blockchain tech”. Yet, here we are, more focused than ever on the blockchain. But this time it’s different: The whole world has a laser-eyed focus on the Bitcoin…
[ad_1] A popular crypto trader thinks artificial intelligence (AI) altcoins are primed to do well in the latter part of this year despite underperforming in the past couple of weeks. The pseudonymous analyst known as Altcoin Sherpa tells his 216,800 followers on the social media platform X that he’s looking at decentralized graphics processing unit (GPU) rendering blockchain Render (RNDR), AI and machine learning platform Fetch.ai (FET), the decentralized data storage protocol Arweave (AR) and the decentralized information processing protocol RSS3 (RSS3). “The play right now is to just be patient, scale into the ones you like and just wait.…
[ad_1] According to recent data from on-chain analytics platform CryptoQuant, in recent weeks, the Bitcoin market has witnessed a fascinating phenomenon: long-dormant BTC, untouched in wallets for up to a decade, are suddenly springing into action. This movement coincides with Bitcoin’s price once again reclaiming the $70,000 mark, a dynamic that has not only captured the attention of investors but also sparked analysis from on-chain analytics experts. Related Reading Revival Of The Sleeping Giants The data revealed by CryptoQuant illuminates a surprising trend: on June 2 alone, roughly 2,800 BTC that had been idle for two to three years were…
[ad_1] Core Scientific (NASDAQ:CORZ), a Bitcoin mining company, saw its shares surge up to 40% in pre-market trading following a significant AI deal with cloud computing firm CoreWeave and a reported buyout offer from the same company. CoreWeave has reportedly made an all-cash offer to purchase Core Scientific, implying a 55% premium over the miner’s three-month average weighted share price as of May 31, according to Bloomberg, which cited an anonymous source. This offer values the Austin, Texas-based miner at over $1 billion, considering its 178 million outstanding shares. Core Scientific recently emerged from bankruptcy after suffering during a harsh…
[ad_1] FTX has reached a settlement with its largest creditor, the Internal Revenue Service (IRS). This agreement resolves a significant $24 billion tax dispute that has been looming over the exchange’s restructuring process. Initially, the IRS claimed FTX owed over $44 billion in taxes, but this amount has been substantially reduced as part of the settlement.Implications and CertaintyUnder the terms of the settlement, FTX will pay the tax agency $200 million as a priority tax claim within 60 days of the court’s approval of the exchange’s reorganization plan, as highlighted in a filing presented yesterday (Monday). Additionally, the IRS will…
[ad_1] For over a year, some have considered bitcoin to be under siege. Fee spikes and transaction volumes associated with Ordinals and Inscriptions have impacted other users, and some even propose these may be cover for a deliberate attack by a well-funded state actor. Yet at the same time, others see the very same events as demonstrating Bitcoin is stronger than ever. Tensions between both sides are escalating, positions are becoming entrenched, and dialogue is breaking down. Battle lines are being drawn and reconciliation seems increasingly unlikely. We may be in the early innings of the next fork war, and…
[ad_1] In the cryptocurrency industry, “market cap” is the metric showing the influence or dominance of a particular cryptocurrency over the entire market. It’s a fundamental metric separating the big crypto projects from the aspiring newcomers.Some low market-cap cryptocurrencies present unique opportunities for investors seeking potentially high returns. This article explores hidden gems in the expansive crypto world – major promising altcoins that caught the attention of many in the digital asset community. With their various use cases and the potential for innovation, below are ten low-cap cryptocurrencies that are likely to explode in 2025.SlothanaSlothana, a newly launched meme token…
[ad_1] With the crypto market expected to enter a bull run later this year, and Bitcoin, alongside altcoins, are already expected to be responding to it. As crypto investors eagerly await this bull run, a crypto analyst has revealed where they expect the prices of six cryptocurrencies to reach. Bitcoin And Altcoins Set To Move As Bitcoin and altcoins begin their move up, Crypto Emily, an analyst, has revealed where she expects the price of major cryptocurrencies to go. The analyst starts out with Bitcoin, giving it a major price tag before moving on to other altcoins. Related Reading For…