Author: Sollcrypto
In contrast to other meme coins and prominent cryptocurrencies in the crypto sphere, Dogecoin’s performance has been notably underwhelming. While Bitcoin makes strides towards its past peaks, Dogecoin’s price has remained subdued. However, this trend might shift soon, according to an analyst who foresees an impending reversal. The Dogecoin price is now within the buy zone. After sliding below the $0.09 mark, Dogecoin bulls faced challenges in maintaining price control. With increasing bearish and selling pressures, the most optimistic scenario involved the meme coin re-entering an accumulation zone for added support. Crypto analyst CryptoCheck, active on TradingView, suggests that Dogecoin…
Bitcoin is approaching a crucial juncture, signaling a potential substantial correction and increased volatility. While temporary upward movements, possibly reaching around 52k, may occur, investors are cautioned to brace for sudden and unpredictable shifts. The cryptocurrency market, particularly Bitcoin, is currently navigating a pivotal moment, with indications pointing towards an imminent major correction. The anticipated change in Bitcoin’s value is expected to happen swiftly and unexpectedly, emphasizing the inherent volatility of the cryptocurrency market. Despite the potential for short-term increases, particularly around the 52k mark, experts and experienced investors continue to predict a significant correction, highlighting the intricate and unpredictable…
Ethereum Classic’s value surged by 70% before encountering profit-taking, indicating signs of buyer exhaustion and a potential peak. There’s a likelihood of a 15% pullback, seeking support around $24.78, a key level marked by the significant Fibonacci level of 61.8%. The bearish scenario could be invalidated if the price achieves a higher high, surpassing $32.29. Notably, Ethereum Classic (ETC) has experienced substantial gains, notably benefiting from the approval of spot Bitcoin exchange-traded funds (ETFs). The capital shift from BTC to altcoins has favored specific projects, with ETC emerging as one of the primary beneficiaries. Ethereum Classic’s value is poised for…
The Bitcoin price held within a range, maintaining support above $45,000. Despite the approval of the spot ETF, BTC faced challenges in surpassing the $48,000 resistance. Efforts to breach the resistance levels at $47,800 and $48,000 are ongoing.The current price stands above $45,600 and the 100-hourly Simple Moving Average.On the hourly chart of the BTC/USD pair from Kraken, there was a breakout above a significant contracting triangle with resistance around $46,550.A potential decline may occur if bears persist in defending the $48,000 resistance level. Bitcoin’s upward potential is restricted. The Bitcoin price demonstrated stability above the $45,500 resistance zone. Notably,…
After a challenging decade of attempts, spot Bitcoin Exchange-Traded Funds (ETFs) have finally gained approval in the U.S. The next milestone involves their commencement of trading on Thursday morning. Following the green light from the Securities and Exchange Commission on Wednesday afternoon, these eagerly awaited products are set to make their debut on U.S. markets managed by the NYSE, Cboe Global Markets, and Nasdaq, with support from major trading firms committed to providing liquidity. Technically, the buying and selling could commence as early as 4 a.m. ET (09:00 UTC) when U.S. stock exchanges open, predating the traditional daily opening ceremonies…
Ethereum co-founder Vitalik Buterin has proposed a “modest” augmentation of the gas limit to potentially enhance network throughput. In a Reddit “ask-me-anything” session organized by the Ethereum Foundation’s Research Team on January 10, Buterin highlighted that the gas limit has remained unchanged for nearly three years, marking the lengthiest period without an increase in the protocol’s history. During the 11th AMA of the research team, Buterin expressed his belief that a reasonable step would be to implement a modest gas limit increase at present. He briefly performed some calculations, suggesting that this adjustment would bring the gas limit to around…
Famous for his book ‘Rich Dad Poor Dad,’ Robert Kiyosaki has updated his Bitcoin (BTC) prediction, raising the target from $120,000 to $150,000. This adjustment is influenced by Kiyosaki’s optimism about the potential approval of a Bitcoin Exchange-Traded Fund (ETF). Reflecting on his past investment choices on X (formerly Twitter), Kiyosaki expressed satisfaction, stating, “BITCOIN ETF. Yay. Glad I bought years ago. Bitcoin to $150k soon.” Purchase Bitcoin and commodities. In a recent commentary, Robert Kiyosaki, the author of ‘Rich Dad Poor Dad,’ provided insights on precious metals and fiat currency. Regarding precious metals, Kiyosaki noted, “Gold is on its…
Iconic trader Peter Brandt has once more expressed his skepticism towards Ethereum (ETH), emphasizing his conviction that the cryptocurrency faces a bearish outlook. The feeble price chart of Ethereum (ETH). As per a post on X, Peter Brandt highlighted his bias towards Ethereum, asserting that adopting a short position on X is currently the most favorable strategy. Brandt clarified his role as a swing trader, discrediting any suggestion that he might be holding Ethereum (ETH) for the long term. Brandt’s post featured a price chart depicting Ethereum hovering near the resistance level at $2,448.25. Despite the digital currency’s notable surge…
The usage of PayPal’s dollar-backed stablecoin, PYUSD, in decentralized finance (DeFi) is gaining momentum. A newly introduced liquidity pool on the automated market maker (AMM) platform Curve, featuring PYUSD, has amassed a total value locked (TVL) of $135 million, making it the third-largest pool behind the widely popular 3pool. The FRAXPYUSD pool, launched on December 27, combines PYUSD, issued by regulated company Paxos, and Frax Finance’s collateralized algorithmic stablecoin FRAX. This pool allows traders to swap FRAX for PYUSD and subsequently use the acquired coin on the PayPal app for various transactions. As of now, the pool exhibits an imbalance,…
Following the tweet from the compromised SEC account, Bitcoin surged towards the $48,000 range but retraced all gains, maintaining support around $45,200. The cryptocurrency exhibited a spike toward the $47,800 and $48,000 resistance levels. Presently, it is trading above $45,500 and the 100-hourly Simple Moving Average. On the hourly chart of the BTC/USD pair from Kraken, a significant contracting triangle is taking shape, with resistance near $46,800. The potential for further upward movement toward the $48,000 level persists unless a close below $45,000 occurs. Bitcoin encounters a rejection in its price movement. Bitcoin’s price initiated a fresh uptrend surpassing the…