The Federal Bureau of Investigation (FBI) has alerted the public to “an emerging criminal tactic” targeting investors who have already fallen victim to cryptocurrency scams and seek to recover their lost funds. These fraudsters often claim to be authorized by the FBI, Consumer Financial Protection Bureau (CFPB), or other government agencies to lend credibility to […]
Bitcoin News
Bitcoin Technical Analysis: BTC Shows Promising Signs Across All Time Frames
Bitcoin’s price currently stands at ,347, showing an impressive rise within the 24-hour intraday range of ,065 to ,595. With a trading volume of .17 billion and a market capitalization of .4 trillion, bitcoin has gained 4.9% this week, 5.6% over the past two weeks, and 14.4% in the last 30 days. Bitcoin Bitcoin’s 1-hour […]
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Erik Voorhees Unveils New AI Platform Promising Privacy and Unfiltered Free Speech
Erik Voorhees, founder of Shapeshift, has announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted free speech. Unlike mainstream AI services, Venice is designed to operate without the “Orwellian” oversight typical of centralized platforms, offering a truly private and uncensored user experience. New AI on the Block: Venice […]
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Yield App Angel Launchpad: Finding Promising ICOs Without the Risks
The crypto bull market is well underway, with activity in the VC and early-stage funding sector mounting over the last few weeks as the highly anticipated Bitcoin halving approached. And, as the post-halving phase begins, increasing numbers of new projects are expected to come to market in search of funding. Indeed, the beginning of this […]
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Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining
According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […]
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Polygon Unveils ‘Type-1’ Prover Upgrade, Promising to Transform EVM Chains With Zero-Knowledge Proofs
Polygon Labs has rolled out its latest innovation, the “Type-1 prover.” This upgrade could introduce a new era for Ethereum Virtual Machine compatible chains, enabling the generation of zero-knowledge proofs while ensuring transaction costs plummet. Polygon Unveils ‘Type-1’ Prover to Enhance Ethereum’s Ecosystem Polygon Labs has launched the Type-1 zkevm prover upgrade. Developed in collaboration […]
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Analyst Rates Bitcoin As Most Promising Asset For 2024, Predicts Price Potential Of $120,000
Chief analyst of Singaporean exchange Bitget, Ryan Lee, has laid out some interesting Bitcoin price predictions for 2024. This forecast comes after BTC’s negative performance in the last week, where the maiden cryptocurrency declined by 4%, falling below the ,000 price mark.
Bitcoin To Trade At 0,000 In 2024 – Ryan Lee
In an X post on December 17, crypto data platform Brave New Coin shared Ryan Lee’s projections for Bitcoin in the new year, which were presented in three phases.
For the short term, Lee anticipates Bitcoin’s price to fluctuate between ,000-,000 as determined by the outcome of the spot ETF approval saga in the US. Currently, many crypto enthusiasts are highly optimistic about the SEC finally granting a green light to the launch of a spot Bitcoin ETF, following multiple meetings between the regulator and several asset managers involved.
Bitcoin Predictions For 2024 – Bitget Chief Analyst Ryan Lee picks some price ranges for BTC and other winners next year
#Bitcoin2024 pic.twitter.com/LPlhJwgm9w
— Brave New Coin (@bravenewcoin) December 17, 2023
According to Bloomberg analyst James Seyfarrt, there is a 90% chance that this potential approval order will come between January 8th and January 10th, 2024, meaning Bitcoin’s price may be set for a major movement in the coming weeks.
In regards to the mid-term phase, Ryan Lee predicts Bitcoin prices to range between ,000 – ,000 based on the effects of the halving event, which is historically known to cause a rise in BTC prices. This is because the halving event causes a reduced rate of new Bitcoin minting, which leads to scarcity, in turn boosting the token’s demand and price.
In the long term, Bitget chief analyst projects Bitcoin to trade between ,000 and 0,000 in 2024. He believes the major determinant in BTC price at this time would be US policy and regulations guiding the use of cryptocurrency.
At the time of writing, Bitcoin trades at ,874.33, with a decline of 0.12% in the last hour. Meanwhile, the token’s daily trading volume is down by 16.99% and valued at .85 billion.
Lee’s Take On The Altcoin Market
Alongside Bitcoin, Lee has also given some interesting predictions on the top tokens in the altcoin market for 2024. The Bitget executive expects Ethereum (ETH) could outperform BTC and trade between ,000 and ,500. By the end of 2024, Lee predicts ETH could attain a historic price point of 00.
Meanwhile, the analyst expects XRP to trend in a similar fashion as BTC, hitting a price range of -.5 in 2024. In addition, Lee also projects that ADA could reach .2-.8 pending a significant growth of the Cardano ecosystem.
Expert Insights: 7 Altcoins Showing Promising Breakout Potential – A Must-Watch List
In a recent X (formerly Twitter) post, renowned crypto expert Miles Deutscher provided valuable insights into his weekly tokens and narrative watchlist, focusing on critical altcoins and upcoming events with significant trading potential.
Altcoins Poised For Potential Breakout
Deutscher’s analysis sheds light on several altcoins, including Solana (SOL), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), Arkham (ARKM), Dogecoin (DOGE), and XRP.
- Solana:
Deutscher emphasizes the importance of Solana’s Breakpoint 2023 conference and anticipates major announcements. While previous Breakpoints have resulted in “sell the news” events, Deutscher remains cautiously short on SOL.
On the other hand, Miles expects a positive response from the community after the recent FTX collapse. However, historical patterns suggest the possibility of a sell-off, which warrants vigilance.
Nonetheless, SOL has broken previous weekly records every week for the past month. Currently, SOL is trading at .27, a new record for 2023 and a level not seen since November 5, 2022. Moreover, SOL has seen significant gains of 4.4% over the past 24 hours, following its remarkable 57% rise over the past 30 days.
- AGIX, FET, OCEAN:
The resurgence of the artificial intelligence (AI) narrative has sparked anticipation for a series of AI conferences, including OpenAI’s developer conference on November 6. Deutscher advises focusing on established leaders such as AGIX, FET, and OCEAN.
These tokens have demonstrated strength during previous AI market surges. Deutscher suggests avoiding speculation on low-cap coins and opting for long positions on these altcoin AI leaders.
Over the past 30 days, AGIX has seen a remarkable 19% increase in price. However, over the past 1 year, the token has seen a staggering 350% rise amidst the AI narrative hype. It is currently trading at .2284. On the same note, FET has surged over 329% over the 1 year and is currently trading at .3665.
OCEAN has posted smaller gains over the 1 year, but has still recorded a significant 110% surge over this period and is currently trading at .3645.
- ARKM:
According to Deutscher, although ARKM has received less attention than other altcoins, it is promising due to its involvement in AI-related businesses and its investment by Sam Altman.
Deutscher highlights ARKM’s potential in the AI space, especially during the Solana conferences. This makes ARKM one of the altcoins to watch closely for potential trading opportunities, according to Deutscher.
Currently, the crypto analytics and data tracking platform’s native token is trading at .3833, up 20% in the last fourteen days.
XRP Speculation Intensifies Ahead Of Ripple’s ‘Swell Conference’
- DOGE:
While DOGE has seen a decline in price action and hype, Deutscher highlights two key factors that could influence its performance.
First, DOGE Day, has historically attracted retail interest. Second, the potential for a Halloween tweet from Elon Musk, as was the case last year. Deutscher suggests that DOGE is best suited for spot trading and dollar cost averaging (DCA), as it remains an attractive option for retail investors and has the potential for a strong pump in the future.
Currently, the Meme coin has lost its bullish momentum and has erased most of its gains over the past few days. Currently, the token is trading at .0686, down 1.9% in the past 24 hours and 42% in the 1-year time frame.
- Last but not least is XRP:
With Ripple’s “Swell Conference” scheduled for November 8-9, Deutscher acknowledges the heavy speculation surrounding a potential initial public offering (IPO), although he believes it is unlikely.
However, given the speculative nature of the crypto market, such speculation can fuel FOMO (fear of missing out) )-driven rallies. XRP has experienced pre-conference spikes, making it a token to watch this week and next.
Currently, XRP is experiencing a sustained uptrend price action, gaining 2% in the past 24 hours, pushing the token to the 0.5949 level, which has not been seen since August.
Featured image from Shutterstock, chart from TradingView.com
Is Dogecoin Poised For A Big Leap? ‘Promising’ Indicators To Watch
Dogecoin (DOGE) has experienced a modest upturn in both its daily and weekly performance, prompting speculation about its potential for future growth. While the gains have been minimal, a prominent analyst, Ali Martinez, suggests that there might be room for further development.
Martinez’s analysis reveals that Dogecoin, as seen on the weekly chart, is breaking free from a multiyear descending triangle pattern. This pattern is a technical analysis pattern used in financial markets to predict potential price movements. In this pattern, a horizontal line represents a level of support, while a descending trendline signifies a level of resistance.
#Dogecoin shows promising signs, breaking out from a multi-year descending triangle on the $DOGE weekly chart! The confirmation of a buy signal from the TD Sequential indicator within this timeframe reinforces #DOGE bullish outlook. pic.twitter.com/ao7VXyxaEa
— Ali (@ali_charts) October 29, 2023
DOGE: Resilience Amid Market Volatility
The price typically bounces between these two lines, creating a triangle shape. Breakouts from this pattern often indicate a significant price movement. In the case of Dogecoin, breaking out from this pattern suggests a potential upward price movement.
Current data from CoinGecko places Dogecoin’s price at .069051, reflecting a 1.0% increase in the past 24 hours and a 2.0% rise over the previous seven days. Martinez has specifically noted that the meme coin is displaying a confirmation of a buy signal generated by the TD Sequential indicator within this timeframe.
Bullish Dogecoin Indicators
The TD Sequential indicator is a technical analysis tool that helps traders identify potential points of trend exhaustion or trend continuation. A buy signal in this context indicates that the current price movement is expected to continue upward, which aligns with Martinez’s optimism regarding Dogecoin’s future prospects.
In a surprising turn of events, a Dogecoin wallet that had remained dormant for nearly a decade came back to life recently. This wallet was involved in a series of significant transactions worth hundreds of thousands of dollars. The blockchain tracking platform Blockchair first detected this sudden activity.
Blockchair’s data showed that the inactive wallet executed three separate transfers on October 28 and October 29. These transactions involved the movement of DOGE tokens amounting to 2,461 to a different wallet. The sheer scale of this movement has raised eyebrows within the cryptocurrency community.
The reactivation of a long-dormant wallet and the substantial transfers it conducted have stirred speculation within the Dogecoin community. Such significant transactions have the potential to influence market sentiment and, subsequently, price movements. Traders and enthusiasts will be closely monitoring the market to assess the impact of this whale move on Dogecoin’s price.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
Featured image from Shutterstock
Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts
One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.”
Opensea Pivots Away From BNB Smart Chain in Strategy Re-evaluation
On August 18, 2023, Opensea proclaimed that they would cease BSC support after incorporating multiple blockchains over recent years. This announcement coincides with Opensea’s strategy to phase out the enforcement of NFT royalties. Concerning BSC support, Opensea stated that as the industry advances, the company needs to “align resources with the most promising efforts.”
“We’ve decided the cost to continue supporting BSC outweighs the impact,” Opensea said. “Starting today, you will no longer be able to create new listings for or make new offers on BSC NFTs. However, you will still be able to view, discover, and transfer BSC NFTs on our site.”
In response to Opensea’s X thread publication, some individuals claimed they were unaware of BSC support’s existence. Others seized this chance to voice their grievances about the royalty ruling. One individual commented, “IDK what kind of system you guys are running over there but it’s not that expensive to run BSC if you do it right.”
Opensea concluded by asserting their continued optimism regarding a multi-chain future and shared that they recently added support for layer two (L2) blockchains Base and Zora. “We’re confident this decision will help us direct resources to keep pace with the rapid innovation in our ecosystem,” added Opensea.
What do you think about Opensea dropping BSC support? Share your thoughts and opinions about this subject in the comments section below.