The recent report published by global media company Forbes has garnered significant attention in the crypto community. The column predicts a staggering $80,000 price surge for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). This analysis, disclosed by MarketWatch from crypto analysts at AllianceBernstein, one of
Bitcoin
Cryptocurrency analyst and advocate Scott Melker recently made waves in the cryptocurrency community by sharing his projection of a massive inflow into Bitcoin following the approval of BTC Spot Exchange-Traded Fund (ETF). In a post on the social media platform X (formerly Twitter), Melker proposed that $570 billion could potentially be invested in a Bitcoin
Solana, one of the leading cryptocurrencies, has been experiencing a significant decline in price after struggling to clear the $115 resistance level. With several bearish signs, SOL price is expected to decline further towards the $68 support level. After a period of steady increase, the bulls of Solana faced a hurdle in surpassing the $115
The recent market downturn caused by the controversial Matrixport report on the Bitcoin spot ETF has affected altcoins like MATIC. However, there seems to be a change in sentiment as MATIC has experienced a 1.2% jump in the past day. Crypto analyst Ali Martinez has even sounded a buy alarm for Polygon’s native token, projecting
The Ethereum market has been witness to a buying spree by whales, indicating their unwavering support for the king of altcoins. These large-scale purchases have surged in recent weeks, as on-chain data from Santiment reveals that Ethereum’s largest private wallets currently hold a record-breaking 56.25 million ETH, comprising 46.8% of the crypto’s total circulating supply.
In the ever-evolving world of cryptocurrencies, one altcoin has managed to defy expectations and captivate the market with its remarkable rise: Akash Network (AKT). Over the course of just one year, AKT experienced an astonishing surge, with its value skyrocketing by over 1,400%. This incredible performance not only highlights the resilience and strength of the
Arbitrum, a leading Layer-2 (L2) scaling solution, has been experiencing remarkable growth since the launch of its native token, ARB, in March 2023. In the past 30 days, ARB has seen a significant surge in value, reflecting the increasing market interest in the protocol. Moreover, Arbitrum has surpassed Ethereum in daily decentralized exchange (DEX) volume,
Solana co-founder Anatoly Yakovenko recently expressed confidence in the ability of their blockchain to handle the growing demand for decentralized applications (dapps) without relying on layer-2 solutions like those employed by Ethereum. Yakovenko argued that Solana’s design, which utilizes a hybrid consensus mechanism, enables the blockchain to scale efficiently without the need for additional layers.
The Shiba Inu Layer 2 Shibarium network is experiencing a significant recovery after the holiday season. After a couple of months of impressive performance, the network has achieved a major milestone by processing over 250 million transactions since its launch last year. This accomplishment comes hand in hand with a notable increase in the network’s
The year 2024 seems to have a positive outlook for the Maker (MKR) coin, indicating potential productivity. On-chain data reveals an increase in activity, particularly in the number of daily active addresses. This rise in user engagement suggests a growing trend of interest and momentum in the token. Additionally, there has been a significant influx