WOOFi’s Ben Yorke and Mantle’s Gabriel Foo On Boosting mETH Adoption and Revolutionizing DeFi

https://coinedition.com/woofis-ben-yorke-and-mantles-gabriel-foo-on-boosting-meth-adoption-and-revolutionizing-defi/

Recently, WOOFi launched on the Mantle Network to boost mETH adoption. This enabled WOOFI to become one of the very first protocols to support LayerZero-powered cross-chain swaps into the Mantle Network from eight popular chains, including Arbitrum, Optimism, and Avalanche.

In this exclusive interview, Ben Yorke, WOOFi’s VP of Ecosystem, and Gabriel Foo, Mantle’s DeFi Growth Lead, explain WOOFi’s and Mantle’s latest venture. Both Yorke and Foo point out in this interview how this latest move could further improve the DeFi space.

  1. Recently, WOOFi announced its official launch on the Mantle Network. Could you both comment on the reason behind this partnership?

Ben Yorke: Our decision to launch on Mantle Network is rooted in its impressive growth, with over $2.6 billion across its ecosystem of DEXs in trading volume since its mainnet release in July last year. The rising adoption of $mETH (Mantle Staked ETH) fuels tangible demand for hyper-efficient cross-chain swaps, which is where we come in to demonstrate prowess. This integration positions WOOFi as a key player in the mETH ecosystem to further support our growth ambitions while catering to significant user demand for broader DeFi access.

Gabriel Foo: WOOFi’s arrival in the Mantle Ecosystem alleviates issues caused by fragmented liquidity while abstracting away problems that commonly plague bridging and cross-chain transactions. As a top 10 cross-chain DEX, WOOFi’s deep-seated experience and proven capabilities align with Mantle Ecosystem’s ethos to empower experienced builder teams with a strong innovation core. Through our latest integration with WOOFi, Mantle users are able to navigate their DeFi journey seamlessly while testing out myriad theses on the Mantle Network. 

  1. What factors contributed to WOOFi choosing Mantle Network?

Ben Yorke: Following the launch of Mantle LSP and $mETH, Mantle Network experienced a significant MAU surge from 14,000+ in November 2023 to 370,000+ in January 2024. User demand is showing no signs of slowing, given the latest bull run driven largely by liquid restaking innovation and intents-based protocols.

There are deep synergies to explore with Mantle Network’s focus on ecosystem composability, unparalleled liquidity, and capital efficiencies. This presents a strategic launchpad for WOOFi to power ultrafast cross-chain swaps into Mantle and become a leading liquidity provider on the Mantle Network.

Moreover, rising volumes, rising adoption of $mETH, and having one of the largest treasuries in DeFi ($2.5B) have placed Mantle on the map of builders everywhere. Everything points up for Mantle, and WOOFi is proud to support its aim of becoming an all-encompassing DeFi hub.

  1. With Mantle’s substantial treasury, supported by contributions from Bybit, and the rising adoption of mETH, could you explain how this exactly further solidifies its position as a key player in the DeFi space?

Gabriel Foo: The might of Mantle Treasury allows us to support promising DeFi projects through grants, investments, and incentives, culminating in initiatives such as the $200 million Mantle EcoFund and Mantle Showcase Apps. The treasury mitigates potential liquidity problems and acts as a buffer against unexpected costs; this financial stability protects users and developers against market volatility, fostering trust and sustainability to maintain an unequivocally vibrant Mantle Ecosystem.

$mETH has gained sizable traction in lieu of the latest slate of LSDFi breakthroughs, rising the ranks to become a top 5 liquid staking protocol. This translates to a utility flywheel that brings more transactions onto the network, generating revenue and attracting developers to build complementary DApps.

Overall, Mantle’s substantial treasury, rising $mETH adoption, and Bybit’s support create a substantially positive feedback loop. Mantle’s focus on reinvigorating blockchain communities and promising dApps through strategic investments from the $200M Mantle EcoFund attracts projects and users, mETH adoption increases network activity and liquidity, and Bybit’s involvement adds credibility and reach. This seismic combination significantly solidifies our role as a key player across the ever-evolving DeFi landscape, and one that’s here to stay.

  1. In a report, it explained WOOFi’s utilization of professional market makers and on-chain price feeds in Mantle. Could you explain how this approach differs from traditional DEXs and the benefits it brings to Mantle traders in terms of liquidity and fees?

Ben Yorke: Unlike most DEXs, WOOFi uses professional market makers that simulate CEX liquidity with on-chain price feeds. Mantle traders benefit from tight quotes, and since there are no traditional liquidity providers that need feeding, WOOFi stakers enjoy 80% of the fees from Mantle swaps, with the other 20% going back to aggregators as part of WOOFI’s broker program. This in turn enhances liquidity for Mantle traders due to improved capital efficiencies and high-quality trading execution without liquidity bootstrapping, allowing for a much smoother overall user experience.

  1. Can you elaborate on the promotional offers designed to attract users to your platform? Could you also provide insights into the various incentives and strategies implemented to encourage user engagement and adoption of your services?

Ben Yorke: WOOFi is proud to have been granted 50,000 $MNT incentives from Mantle’s EcoFund, in which WOOFi users will be able to earn $MNT by cross-chain swapping assets into Mantle and lending capital in WOOFi’s Mantle Earn vaults. Last year, Mantle Network also launched Mantle Journey, an open-access, incentives-driven model to galvanize active participation throughout the Mantle Ecosystem. This has introduced a unique index to measure user engagement, allowing for off-chain reward aggregation through social media integration to ultimately create a more comprehensive, web3-ready community engagement strategy.

  1. With the market and regulatory landscape evolving, how do WOOFi and Mantle hope to adapt to this ever-changing market?

Ben Yorke: At WOOFi, our goal is to provide liquidity on top-tier trading platforms while contributing to the growing adoption of virtual assets across the globe. We are committed to meeting the diverse needs of our users while building secure and innovative infrastructure to foster trust and reliability within the thriving DeFi ecosystem. Looking ahead, we will continue to improve our business model and reinvest the funds into improving our product suite, obtaining regulatory licenses across key markets, and providing users with robust liquidity.

Gabriel Foo: As Mantle Network strives to lead and innovate within the DeFi space, we remain committed to building a robust permissionless DeFi ecosystem with a security-first approach. Our recent collaborations with cutting-edge companies such as Lagrange Labs, Clearpool, EigenLayer, and now WOOFi demonstrate our voracity to facilitate decentralization without compromising network security. Everything that we do ultimately ladders up to our vision of proliferating the mass adoption of token-governed technologies for a more accessible and efficient financial future.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Starknet (STRK) Price Prediction 2024-2030: Will STRK Price Hit $10 Soon?

https://coinedition.com/starknet-strk-price-prediction/

  • Bullish STRK price prediction ranges from $5.43 to $5.83. 
  • Analysis also suggests STRK might also reach $6.43 in 2024.
  • STRK’s bearish market price prediction for 2024 is $1.447.

Although blockchains aim to achieve three core features—security, decentralization, and scalability—users often have to compromise on one feature to get the best of the other two. One such network, Ethereum, focuses on security and decentralization while impacting its scalability feature. 

Despite facing this challenge, Starknet is one of the answers that was able to help Ethereum users. Starknet is a permissionless, validity-Rollup, also known as a zero-knowledge rollup (ZK rollup), for Ethereum. STRK is an important utility token that helps empower the Starknet.

If you are interested in the future of Starknet and would like to know the price analysis and forecast of STRK for 2024, 2025, 2026, 2027, 2028, and up to 2030, keep reading this article.

What is Starknet (STRK)?

As described on the website, Starknet is a permissionless, validity-Rollup, also known as a zero-knowledge rollup (ZK rollup), for Ethereum. As a Layer-2 (L2) blockchain, it enables dApp to achieve “massive scale for its computation without compromising on Ethereum’s composability and security.” 

Through the STARK cryptographic proof system, Starknet ensures low cost transactions while at the same time maintaining high performance. Additionally, the Starknet contracts and the Starknet OS are written in Cairo.

Starknet is able to provide scalability by shifting transaction processes off the Ethereum Mainnet. As per documents, the transactions are basically grouped in batches into blocks, processed off-chain, and summarized into a single onchain transaction. Starknet employs STARK to ensure the integrity of the transactions and their execution without having to re-execute them. 

To ensure scalability and secure privacy, STARKs, invented by StarkWare, uses cryptographic proofs and modern algebra. To simplify it, the technology basically verifies the proof without revealing much information, thus maintaining privacy. 

The Starknet Sequencer, a core component of Starknet, oversees the validation and execution of transactions and proposes blocks. Basically, their primary function is to group transactions and process them as a “collective entity.” Moreover, the Starknet sequencers, claimed by the team, can handle substantially more transactions per second than Ethereum nodes.

Meanwhile, the Prover, another core component of Starknet, establishes the “mathematical validity of the block’s transactions by generating a STARK proof, thus ensuring its integrity.” The Prover also documents each step of transaction execution, called the Execution Trace, along with tracking the resultant changes in the system’s state, aka State Diff. 

STRK is the utility token of the Starknet, which has many features within the network. As the utility token, the Starknet token can be used to pay transaction fees. Apart from paying for transaction fees, staking STRK tokens ensures the “liveness and security of Starknet.” 

Additionally, STRK token holders also earn the benefit of voting, either directly or through delegation. These governance mechanisms are expected to develop the protocol, ensuring Starknet’s liveliness, security, and maintenance.

Starknet (STRK) Current Market Status

At the time of writing, STRK is now trading at $1.94 with a total market capitalization of $1,410,185,231. STRK sits in 55th place on CoinMarketCap in terms of market capitalization. Moreover, there has been a fall of 17.99% in the past 24 hours. STRK’s 24-hour trading volume is valued at $1,673,909,371. Meanwhile, in the seven-day period, STRK recorded a 17.87% fall at the time of writing. 

STRK can be traded on major cryptocurrency exchanges such as Binance, OKX, KuCoin, Kraken, Bybit, HTX, and Uniswap.

Starknet (STRK) Price Analysis 2024

Will STRK’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect STRK’s sentiment over time? Read more to find out about STRK’s 2024 price analysis.

Starknet (STRK) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

STRK/USDT 1-minute chart Showing Bollinger Bands (Source: TradingView)

Looking at the above chart, the candlesticks initially kept hugging the upper band of the Bollinger Bands. During its uptrend, the value of the digital asset continued to surge as the band also expanded. The expansion of the bands indicated that the market is very volatile, creating an opportunity for STRK to make a massive surge in a short period of time. 

However, once the candlestick broke beyond the upper band, the correction phase was triggered, causing the prices to fall. When the bands expanded, it also dug a deeper hole, where the candlestick faced a drastic fall. The sudden change in trend and price movement triggers the expansion of the bands. 

Starknet (STRK) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

STRK/USDT 1-minute chart Showing RSI (Source: TradingView)

Looking at the above chart, the RSI hit the overbought region during its uptrend run. This highlighted the buyers interest in the altcoin. After the RSI touched the overbought region, it would face a fall, reaching the lower trend region. At times, the RSI would also touch the oversold region, indicating that sellers were taking advantage of the previous uptrend. Currently, the RSI is valued at 46.55, as it continues to drop in value. 

Starknet (STRK) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

STRK/USDT 1-minute chart Showing MACD (Source: TradingView)

In the short term, the MACD indicator is highlighting that the STRK is currently facing a downtrend as red bars continue to form on the histogram. Meanwhile, the MACD line continues to move downward after making a bearish cross with the signal line. Additionally, the candlesticks continue to move below the 200 SMA, which could be a sign that the candlesticks may face a downward trend for a long period of time.

Starknet (STRK) Price Prediction 2024

STRK/USDT 1-minute chart (Source: TradingView)

During the uptrend, STRK easily climbed above $2.005. However, the indicators signaled that the uptrend was mostly influenced by buyers’ interest in the altcoin. After it reached the overbought region, the retracement process began. During the retracement process, the accumulation and the value of STRK decreased simultaneously. 

Currently, STRK has also fallen below the $2 mark, caused by the recent selling activities. Affected by the selling activities, the candlesticks also fell below a crucial support zone at $1.853. The recent price action could suggest that the STRK may be making moves to climb above the crucial support. 

It is expected that Starknet’s development could also create an optimistic sentiment for STRK. In such a scenario, STRK could climb above several psychological resistance levels and increase its value over the long run. In anticipation of a bullish period, STRK could break above the $5 mark seamlessly. 

Starknet (STRK) Price Prediction 2025

STRK could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, STRK will continue to rise in 2025, forming new resistance levels. It is expected that STRK will trade beyond the $9 level if the buyers’ optimism for this altcoin is high.

Starknet (STRK) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, STRK could tumble into its support regions. However, when STRK remains in the oversold region, there could be a price correction soon. STRK, by the end of 2026, could be trading beyond the $11 resistance level after experiencing the price correction.

Starknet (STRK) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. STRK is expected to rise after its slumber in the bear season. Moreover, STRK could even break more resistance levels as it continues to recover from the bearish run. Therefore, STRK is expected to trade at $14 by the end of 2027.

Starknet (STRK) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, STRK will continue to form new higher highs and is expected to move on an upward trajectory. Hence, STRK would be trading at $17 after experiencing a massive surge by the end of 2028. 

Starknet (STRK) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, STRK could be trading at $22 by the end of 2029.

Starknet (STRK) Price Prediction 2030

After witnessing a bullish run in the market, STRK and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, STRK could be trading at $26.

Starknet (STRK) Price Prediction 2040

The long-term forecast for STRK indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, STRK may face a slight fall before starting its upward journey once again. It is expected that the average price of STRK could reach $44 by 2040.

Starknet (STRK) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, STRK could surpass the resistance level of $67.

Conclusion

To summarize, if investors continue to show interest in STRK and add these tokens to their portfolio, then it could continue to rise. STRK’s bullish price prediction shows that it could pass beyond the $5.84 level in 2024. Moreover, STRK could surpass the $67 level by the end of 2050. 

FAQ

What is Starknet (STRK)?

As described on the website, Starknet is a permissionless, validity-Rollup, also known as a zero-knowledge rollup (ZK rollup), for Ethereum. As a Layer-2 (L2) blockchain, it enables dApp to achieve “massive scale for its computation without compromising on Ethereum’s composability and security.” 

How do I store STRK?

STRK can be stored in a hot wallet, a cold wallet, or an exchange wallet. 

What is the maximum supply of STRK?

The maximum supply of STRK is 10,000,000,000 STRK.

Can STRK reach $5?

If STRK continues to capture the buyers’ interest, then, the altcoin has the potential to break above the $5 mark. 

How do I buy STRK?

STRK can be bought on many exchanges including Binance, OKX, KuCoin, Kraken, Bybit, HTX, and Uniswap.

What will be the Starknet (STRK) price in 2024?

STRK is expected to reach $5.83 by 2024.

What will be the Starknet (STRK) price in 2025?

STRK is expected to reach $9 by 2025.

What will be the Starknet (STRK) price in 2026?

STRK is expected to trade beyond the $11 level.

What will be the Starknet (STRK) price in 2027?

STRK is expected to reach $14 by 2027.

What will be the Starknet (STRK) price in 2028?

STRK is expected to reach $17 in 2028.

What will be the Starknet (STRK) price in 2029?

STRK is expected to reach $22 by 2029.

What will be the Starknet (STRK) price in 2030?

STRK is expected to reach $26 by 2030.

What will be the Starknet (STRK) price in 2040?

STRK is expected to reach $44 by 2040.

What will be the Starknet (STRK) price in 2050?

STRK is expected to trade beyond the $67 resistance level.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC Spikes Despite US Reports Higher Than Expected Inflation in January

https://coinedition.com/btc-spikes-despite-us-reports-higher-than-expected-inflation-in-january/

  • US inflation data was reported at a higher than expected rate of 3.1%.
  • Despite a higher-than-expected inflation rate, BTC’s price recorded a 4.89% surge in one day.
  • The dollar index is showing an increase following the inflation report.

US inflation data for January was announced at 13:30 UTC, just before the stock market opened. In January, inflation in the US occurred at an annual rate of 3.1%, while monthly inflation stood at 0.3%. Economists had predicted a decrease in the annual consumer price inflation from December’s 3.4% to 2.9%.

The decline in inflation towards the end of last year prompted central bankers in the U.S., Europe, and the United Kingdom to reject further interest rate hikes and discuss the possibility of cuts. However, the fact that inflation is currently above expectations may further fuel these discussions.

Last month, Federal Reserve Chairman Jerome Powell stated that the Federal Open Market Committee expected to cut interest rates three times this year. However, with the Fed’s inflation target set at 2%, this still appears to be a distant goal.

The Fed’s preferred inflation gauge is the core personal consumption expenditures (PCE) index, which has fallen more than the Consumer Price Index (CPI). The core PCE index was 2.9% on an annual basis in January, marking the first time it fell below 3% in about three years.

The next Federal Reserve interest rate decision meeting is scheduled for March 19-20, where officials will release a dot plot showing projections for interest rates, inflation, and unemployment.

Following the release of inflation data in the U.S., the price of Bitcoin experienced a massive surge and spiked to $51,60.84. Despite a higher-than-expected inflation rate, traders became optimistic and contributed to a 4.89% surge in BTC’s price. Currently, Bitcoin is trading at $51,770.76 at the time of writing.

In addition to the cryptocurrency market, the Dollar Index (DXY) rose by 0.8% to reach 104.870 points following the release of the inflation report. Meanwhile, the price of gold showed a decline of 1.6%, falling to the $1995 level.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Who is Ben Armstrong? A Comprehensive Investigation on Bitboy Crypto

https://coinedition.com/who-is-ben-armstrong-a-comprehensive-investigation-on-bitboy-crypto/

During the initial days of cryptocurrency, this new realm was viewed as the ‘Wild West’ market of the new era, with its volatile prices and unpredictable market sentiment. Another reason why it was called the ‘Wild West Market’ was because there were individuals who earned a lot of profits and some who made devastating losses.

Influencers, one of the Wild West players in the crypto market, decided to take advantage of this new industry in the hopes of gaining new viewership. One such crypto influencer is Ben Armstrong, often referred to as Bitboy Crypto, who took to YouTube and X (formerly Twitter), sharing his analysis on Bitcoin and altcoin charts and speculating on the upcoming prices for the coming weeks. 

Ben Armstrong was also one of the influencers who was able to grow along with the crypto market. However, currently, Ben Armstrong, AKA Bitboy Crypto, has faced a massive downfall and has caught the attention of several mainstream media and community members.

He is known for allegedly promoting several altcoins for his own benefit. Additionally, there are claims that he was directly or indirectly responsible for scams, including rug-pull schemes. Could this be the reason why Armstrong was removed from the BH Investment Holdings company? 

This feature focuses on Ben Armstrong’s journey—from his rise to his fall. Or a possible recovery? 

Who is Ben Armstrong, AKA Bitboy Crypto? 

Well-known in the crypto universe, Ben Armstrong is an American crypto influencer who gained fame through his ‘Bitboy Crypto’ YouTube channel. Throughout his career journey, he has become the Executive Director of Three Dimensional Life, the co-host of ‘Beards & Bitcoin,’ the owner of Front Page Tickets, and the owner of Ben Armstrong Designs. 

He started his adventures with Bitboy Crypto, High Throughput Productions, and HIT Network in 2018 as the founder.

Almost daily, the popular crypto influencer, along with his team, would produce content on crypto prices, the overall market sentiment, analysis of the various assets, news articles, and conduct interviews with expert leaders through the YouTube channel. 

Armstrong was able to garner the attention of several crypto enthusiasts, enabling his ‘Bitboy Crypto’ channel to get over 1 million followers on social media platforms such as YouTube and X (formerly Twitter).

Ben Armstrong’s new Youtube Homepage (Source: YouTube)

After leaving HIT Network and Bitboy Crypto, the crypto influencer started a new channel called Ben Armstrong Crypto, which has over 92K followers. 

How Rich Was Bitboy Crypto?

One of Ben Armstrong’s wealth-making schemes was through his content creation activities on his famed ‘Bitboy Crypto’ channel. Before that, reports were claiming that the influencer became rich through his cryptocurrency investments. Reportedly, Armstrong invested in BTC 2012 when it was less than $20, making him generate significant profits compared to the current market price. 

Armstrong would often show off his wealth through his silver-colored Lamborghini Huracan Performante, a common sign of highly profitable success in the early crypto days. Apart from the Lamborghini, Armstrong would often be seen wearing Gucci T-shirts, especially the infamous Gucci-branded green pantsuit.

Although there were signs that Armstrong was rich, it was hard to determine the actual wealth of Bitboy Crypto for two reasons—he never shared his actual worth with the public, and the crypto market was very volatile, making it difficult to estimate the value of his digital asset portfolio. 

However, DataWallet, a media outlet, analyzed and revealed that Armstrong’s gross net worth would be around $10 million in 2022. Again, this figure was not accurate, as several other organizations claimed Armstrong was worth more than $10 million.

The crypto influencer, during his growth stage, offered merchandise as well as exclusive content for his fans if they paid him more money. Partnerships and affiliation programs would also help him generate more income. 

Another source of revenue would be through his book “Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy,” which was sold and promoted through different platforms. Considering all the data, it is safe to assume that Bitboy Crypto could have crossed the $10 million net worth mark in the past.

 BitBoy Crypto’s Media Kit (Source: Reddit)

A user from the Reddit community called ‘Crypto Reality’ leaked the media kit of crypto influencers, which showed several charges for the services they provided. According to the graph sheet, Bitboy Crypto was charging $40,000 for one full, dedicated review. In the notes section, it has been pointed out that projects can choose a segment video for $15,000.  

However, after looking at Bitboy Crypto’s dedicated media kit, Armstrong was apparently charging $35,000 for a dedicated review. Meanwhile, for the livestream mention and a YouTube interview, he was charging $20,000 and $40,000, respectively. For the Telegram AMA in Bitsquad, Armstrong would charge $10,000. Finally, it costs $2,500 to publish a website article with Bitboy Crypto. 

Despite earning a lot of profits and living a luxurious lifestyle, Armstrong, however, faced a sudden downfall, losing his Lambo, reputation, and, of course, money. It seems that Armstrong must have dug a deep hole through his alleged scams and rug-pull schemes. It is time to take a look at some of the projects supported by Ben Armstrong, AKA Bitboy Crypto.

Like many influencers in the crypto arena, many projects promoted by Ben Armstrong caused devastating losses for their customers. Several of these projects, shilled by Armstrong, also caught the attention of mainstream media outlets and legal representatives due to the devastating damage they caused. As such, this could also be considered one of the reasons behind Armstrong’s downfall, which will be explained in detail in this feature. 

DistX

Let’s start with DistX. According to Armstrong, DISTX is a “crypto project with HUGE potential.” DISTX was a platform that made it harder to defraud investors while making it easier for projects to launch their token sales. DISTX was supposed to make “space safer.” However, this project caused devastating losses for its investors, dropping to almost 90%. 

It was reported that the CEO of DistX, Adrian Daluz, announced that the project was going to be “abandoned,” claiming the token price was not good enough. Through an investigation conducted by ‘LITELIGER,’ it was further revealed that the project failed to deliver its promises as shown in its roadmap. After the CEO’s announcement, the project’s token suffered a drastic fall. Additionally, investors were not able to sell their tokens, leaving them to suffer a heavy loss.

Hex

Another project that Armstrong promoted and later faced scrutiny was Hex. Even in a recent YouTube video, the ex-Bitboy Crypto still exclaimed, “Hex is not a scam.” Despite Armstrong claiming the project is not a scam, some crypto community members have pointed out that Hex looks like a Ponzi scheme.

Additionally, on the last day of July 2023, the Securities and Exchange Commission (SEC) charged Richard Heart and three unincorporated entities owned by him: Hex, PulseChain, and PulseX, for conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors.

Based on the press release, the SEC also charged Heart and PulseChain with fraud for misappropriating at least $12 million of offering proceeds to purchase luxury goods including sports cars, watches, and a 555-carat black diamond known as ‘The Enigma’—reportedly the largest black diamond in the world. 

Currently, HEX is still below the $0.01 price level; however, the Hex community still shows support for the project on social media platforms. The support of the Hex community could be a sign that they still believe in Richard Heart and his project, despite the scrutiny

SafeMoon

Reportedly, SafeMoon was one of the projects that initially promoted Ben Armstrong during his days as Bitboy Crypto. However, in November 2023, the SEC, announcing through a press release, charged SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the companies’ Chief Executive Officer, John Karony, and Chief Technology Officer, Thomas Smith, for perpetrating a massive fraudulent scheme through the unregistered sale of the crypto asset security.

The SEC also further pointed out that the creators allegedly wiped out billions in market capital, withdrew crypto assets worth more than $200 million, and “misappropriated investor funds for personal use.” Online sleuths like Coffeezilla investigated that SafeMoon was a “massive fraud” with the focus of benefiting the creators, even though the team claimed that there was no chance for rug-pulling. 

BEN Coin

Even though Armstrong had claimed that all “meme coins will eventually go to zero except DOGE,” he promoted the BEN Coin, which was acquired by him from another crypto X (formerly Twitter) influencer, ‘ben.eth.’

During his days as the Bitboy Crypto, Armstrong would post videos about the latest developments of BEN Coin.

For instance, in June 2023, Armstrong mentioned that Cassie Wolfe, AKA the Duchess of DeFi, is the Chief Operating Officer (COO) of BEN Coin. He also added that several advisors have joined the team.

As mentioned earlier, Ben Armstrong, along with several influencers, get paid to promote some crypto projects. In a CNBC report, it was revealed that Armstrong did accept payments from crypto companies to promote their products.

Reflecting on past mistakes, the attention-seeking influencer also mentioned that he “hates” when he talks about projects that didn’t do well. Apart from the collaborations revealed earlier, there were several other crypto projects like Ethereum Yield, Cypherium, and MYX Network that failed, plummeting in value. 

“I mean, of course, I do. I hate it when we talk about stuff that didn’t do well.”

Ben Armstrong’s actions and career journey clearly point out that influencers play a key role and have a significant effect on crypto projects when used as a tool for marketing. In the report, the American influencer mentioned that he “disclosed all of his paid promotional videos.” However, is this statement true? Let’s find out. 

The Battles Faced By Bitboy Crypto 

During Ben Armstrong’s journey as Bitboy Crypto, he faced a lot of battles with influencers, legal representatives, and many other members of the crypto community. Here are some of the battles that were popular and highly noticed by the crypto community:

Atozy vs. Bitboy Crypto

The battle between Armstrong and Atozy, a talk show host commenting on recent internet events, spanned for a long period, with a lawsuit being filed as well. So how did this battle start?

Back in November 2021, Atozy made a YouTube video explaining how Bitboy Crypto was scamming his fans. The talk show host started his video by describing Bitboy Crypto as a “shady dirtbag who milks his audience for a quick buck rather than giving them genuine advice.”

To justify his comments, he further shared clips of Armstrong promoting the Pamp network (another rug-pull project). When Armstrong mentioned that this project is “guaranteed” to go up, Atozy checked PAMP’s price, which was valued at zero. The talk show host further mocked Armstrong and pointed out the clever tactics implemented to promote the project. 

Almost a year later, Armstrong took legal action and filed a lawsuit against the talk show host. In response, Atozy further shared reports that proved Bitboy Crypto was getting paid to promote projects. 

Atozy also sought out support from his community and fans, asking them to help cover the costs of defending himself against this lawsuit. He also promised that the remaining funds would be used to donate to various charity organizations. 

Days later, Armstrong’s battle with the talk show host seems to have come to an end, with Atozy becoming the victor. The attention-seeking influencer further apologized, claiming this dispute had become public unintentionally.  

Atozy’s feat was noticed by the whole crypto community, showing Bitboy Crypto was a “shady dirtbag” who got paid for promoting crypto projects.

ZachXBT Revealing Bitboy Crypto’s Secrets

Like Atozy, several crypto influencers, online talk show hosts, and digital sleuths have accused Ben Armstrong of shilling projects. One of the well-known sleuths in the crypto community is ZachXBT, who posted a comprehensive detail about the direct scams Bitboy Crypto has worked with in the past. 

In the tweet, ZachXBT found out about seven direct scams that Ben Armstrong has worked with and promoted to his audience. Apart from accusing Armstrong of promoting rug-pulls and fraudulent projects, ZachXBT also claimed that Bitboy Crypto would often plagiarize other artists’ work.

Naming the first fraudulent project, ZachXBT confirms that Armstrong had worked with MYX, another rug-pull project. However, after the project’s downfall, the popular influencer deleted the video. Where he was promoting MYX. 

Some other fraudulent projects that were promoted by the influencer also include DISTX, Zao Finance, ETHY, PAMP, CPH, and LOCK, which were known for causing devastating losses for individuals. After these projects “ran away with investor’s money,” Bitboy Crypto also deleted the videos where he was promoting these fraudulent crypto products. 

ZachXBT also pointed out that Bitboy Crypto had plagiarized a few artists’  works and tried to sell them as NFTs. When the proof was given, the team behind Bitboy Crypto claimed that they were just “sampling.”

Here is the worst thing, when a few members of the crypto community would call out Armstrong for plagiarizing content, he would admit it without even apologizing. In one scenario, when a user informed the public that the influencer had stolen content “word for word” from another individual, Armstrong replied, “We will send 100% of the profits. I didn’t design it. But you’re a bitch.” 

This clearly shows why many people hate him and call him “a shady dirtbag who milks his audience for a quick buck rather than giving them genuine advice.”

Apart from artwork and content, evidence shows that Bitboy Crypto also plagiarized trading calls. In fact, he stole the spreadsheet and shared it in his YouTube video without giving any credit to the self-claimed trader, Bluntz.  

On one occasion, Bitboy Crypto was confronted by a woman at an event who called the influencer a “scammer.” We can see in the above video that when Ben Armstrong does give the woman a chance to share her evidence, he abruptly interrupts her immediately, calling her a “child molestor” for no reason. We can also see that he only interrupts her when she brings up ZachXBT’s threads as proof.   

BitBoy Crypto’s Violent Threats to Lawyers

Ben Armstrong’s actions have caught the attention of lawyers, landing him a lawsuit. After he did receive a lawsuit, Armstrong would often make “daily violent threats” against lawyers, specifically calling Adam Moskowitz “dumb” and a “walking piece of human garbage.”

In a notice of proof to the United States District Court, Southern District of Florida, Miami Division, lawyers shared proof of Ben Armstrong making such vile remarks on X (formerly Twitter) and sending threatening emails to the lawyers. 

In the court documents, the lawyers shared evidence by highlighting ZachXBT’s and Atozy’s investigations, which proved Armstrong was shilling cryptocurrencies. Upon further investigations, the lawyers were able to find old videos where Armstrong promoted FTT, the bankrupt FTX exchange’s token.  

In one of the videos, Bitboy Crypto claimed, 

“Let’s talk about the secret token. FTT. That is the token of FTX. Sam Bankman-Fried. Everything this man touches turns to gold. FTT is potentially going to be one of the few coins I believe that could go up in the bear market. Now, I know that sounds crazy because I tell you, hardly anything ever does. We could see FTT just absolutely rip.”

Lawyers were not the only ones who noticed BitBoy Crypto promoting the fallen FTT. The X (formerly Twitter) crypto community users began sharing Armstrong’s quotes when he used to promote the token in the past. With all these proofs, many people have expressed that Bitboy Crypto has been taking advantage of his community, making profits, with absolutely no regard for the damage. 

The Fall of Bitboy Crypto

By mid-2023, Bitboy Crypto faced devastating losses both personally and mentally. What was the reason behind his downfall? 

On August 28, 2023, BJ Investment Holdings, the parent company of Hit Network, tweeted that they had taken decisive legal action to remove Ben Armstrong from the company, specifically the Bitboy Crypto brand. 

Elaborating on the announcement, the statement highlighted, “This is a difficult decision that is a culmination of a prolonged effort to help Ben during his relapse into substance abuse as well as reconcile the emotional, physical, and financial damage he has done to the employees of the HIT network and the Bitboy Crypto community.” 

“The Bit Squad deserves better, and we’re going to get through this together. We wish him the best and regret it has come to this and are hopeful for the future of Bitboy Crypto.”

When asked why Armstrong was fired in an Altcoin Daily episode, TJ Shedd, the current CEO of Hit Network, mentioned that the influencer was causing “material harm and damage” to the company, himself, and the employees of the company. Shedd also pointed out that several of Armstrong’s actions were creating massive legal liability exposure for the company. 

Apart from getting fired, the American influencer also publicly announced that he and Bethany Armstrong would be getting a divorce. He further confirmed the rumors about him and Cassandra Wolfe having an affair. 

In an attempt to get Bitboy Crypto back, Armstrong posted a video where he asked for support from fans, requesting to donate some money to pay for his legal fund. In a matter of hours, an X (formerly Twitter) platform, WhaleWire, observed that over $120,000 had been donated to Bitboy Crypto. This could be an indication that there are still fans who remain loyal to Bitboy Crypto.

Armstrong also took extreme steps by live streaming outside of Carlos Diaz’s house after knocking on his door. In the live stream, the influencer mentioned that Carlos had his favorite Lamborghini and began talking about the entire story of the dispute. The livestream ended with Armstrong being arrested by the police officers of Gwinnett County, Georgia. Armstrong also confirmed through a tweet that he had spent eight whole hours in jail.

After Bitboy Crypto was fired, the YouTube channel rebranded to Discover Crypto. The American influencer also took to X (formerly Twitter) to announce, “Bitboy is dead. There is no Bitboy. There is no Bitsquad. It’s over.” Currently, he still creates video content for his new YouTube channel, ‘Ben Armstrong.’

Conclusion

Ben Armstrong was one of the most popular influencers in the crypto space, attracting users with his various marketing strategies and content creation style. While he has been accused of shilling projects, plagiarism, and causing damage, there are still fans out there who remain loyal even throughout the influencer’s antics and downfall. 

This article is to help you understand who Armstrong is and also provide a glimpse into the world of hidden influencers. Just like Armstrong, there could be several influencers who have allegedly shilled crypto projects without being transparent about them. Influencers in the crypto market may remain as a means to promote fraudulent projects (only if YOU decide)!

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Pendle (PENDLE) Price Prediction 2024-2030: Will PENDLE Price Hit $10 Soon?

https://coinedition.com/pendle-price-prediction/

  • The bullish PENDLE price prediction ranges from $4.12 to $4.67.
  • PENDLE price might also reach $5.23 in 2024.
  • PENDLE’s bearish market price prediction for 2024 is $1.563.

What is Pendle (PENDLE)?

As described in the document, Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies. Pendle is divided into three main parts, such as Yield Tokenization, Pendle AMM, and vePendle. 

Pendle focuses on unlocking the full potential of yield, allowing users to implement advanced yield strategies. Some of the strategies provided by Pendle include fixed yield, long yield, and earning more yield without additional risks.

As one of the parts of Pendle, yield tokenization is the process where the yield is tokenized into a separate token. The initial process includes Pendle wrapping yield-bearing tokens into SY (standardized yield tokens), a wrapped version of the underlying yield-bearing token that is compatible with the Pendle AMM. SY is then split into its principal and yield components, PT (principal token) and YT (yield token), respectively.

Both the PT and the YT can be traded in Pendle’s AMM. The Pendle AMM is dubbed the “core engine” of this yield-tradign protocol. The vePENDLE aka Vote-escrowed PENDLE, offers governance utilities. Users can lock the native token PENDLE to receive vePENDLE.

Pendle (PENDLE) Market Overview

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Pendle (PENDLE) Current Market Status 

The maximum supply of PENDLE is unknown, while its circulating supply is 238,185,588 PENDLE, according to CoinMarketCap. At the time of writing, PENDLE is trading at $2.66, representing a one-day spike of 18.73%. The trading volume of PENDLE in the past 24 hours represents a 139.69% spike. 

PENDLE 7-Day Chart (Source: CoinMarketCap)

Meanwhile, in the seven day chart, PENDLE is able to maintain steady growth over the week as it continues to trade in the green zone of the chart. For those interested in purchasing PENDLE, the  top cryptocurrency exchanges for trading PENDLE are Binance, Bybit, HTX, KuCoin, Gate.io, and others. Now that you know what PENDLE is and its current market status, we shall discuss its price analysis for 2024.

Pendle (PENDLE) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

PENDLEUSDT 5-minute chart Showing Bollinger Bands (Source: TradingView)

The bands expanded during the candlestick uptrend spike in the market. During the uptrend, the candlesticks were hugging the upper band of the indicator as it continued to rise in value and break through several target levels. After the massive surge, the bands contracted, causing the altcoin to experience a gradual rise in the stable market. 

However, the fall, a response to the sudden surge, caused the band to create tremors in the market, turning the tide of the trend and trading sentiment. It seems that BBWP has also signalled the traders that the bands would contract after the tremors in the market. While staying in the top-half region of the indicator, the altcoin is now moving upwards while the bands pave a narrow path for the altcoin. 

Pendle (PENDLE) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

PENDLEUSDT 5-minute chart SHowing RSI (Source: TradingView)

Looking at the above chart, the RSI is currently at 66.09 and moving closer to the overbought region. The gradual spike in the stable market happened after the candlesticks crossed above the upper band. 

This triggered the altcoin to face a slight correction before it could start its uptrend journey. If the RSI touches or crosses the 70 region, traders can expect a price correction to happen soon. The upward momentum could cause the RSI to fall and make a bearish cross soon.

Pendle (PENDLE) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator helps the trader easily identify the trend of an asset and its current sentiment. Basically, MACD shows the difference between two Exponential Moving Averages (EMA) and helps traders see the crossover between them. By default, MACD has a set value of 12-day EMA, 26-EMA, and 9-day EMA. The MACD allows users to easily see the price trend through its line and histogram visualizations.

PENDLEUSDT 5-minute chart Showing MACD (Source: TradingView)

With the green bars still existing in the histogram, there is a high chance that PENDLE could break short term resistance levels. However, the growth of these green bars has been diminishing. This could be a sign that the altcoin is losing the trend’s strength and could fall in the short-term period. If the altcoins do fall soon, there is a higher chance that the altcoin could seek support from the 200SMA line before bouncing again once more into new heights. 

Pendle (PENDLE) Price Prediction 2024 

PENDLEUSDT 5-minute chart (Source: TradingView)

After observing the PENDLEUSDT 1-day chart, the altcoin would face a slight retracement when the candlesticks reached the maximum peak. After touching this peak, the price would decrease before receiving a boost to break through several weak resistance levels. So far, PENDLE has experienced this correction two times. 

The recent price action showcased by PENDLE could be a similar correction as observed in the past two times. One of the common areas where PENDLE would fall back is the 0.236 and 0.382 Fib levels. The 0.382 FIB is highly regarded as a pullback zone for most traders, and as such, we can expect a similar correction. Due to the recent fall, the price action is highlighting that the trend is bearish in nature. However, we can expect the prices to surge once again. 

Expecting a bullish performance this year, PENDLE has the potential to reach new levels of targets and has the potential to trading near the $4 by end of this year. Additionally, if the traders showcase an extreme bullish sentiment, then, it could even cross beyond the $5 level. 

Pendle (PENDLE) Price Prediction 2025

PENDLE could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, PENDLE will continue to rise in 2025, forming new resistance levels. It is expected that PENDLE will trade beyond the $6 level.

Pendle (PENDLE) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, PENDLE could tumble into its support region of $5. Moreover, when PENDLE remains in the oversold region, there could be a price correction soon. PENDLE, by the end of 2026, could be trading beyond the $8 resistance level after experiencing the price correction.

Pendle (PENDLE) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears. PENDLE is expected to rise after its slumber in the bear season. Moreover, PENDLE could even break more resistance levels as it continues to recover from the bearish run. Therefore, PENDLE is expected to trade at $11 by the end of 2027.

Pendle (PENDLE) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, PENDLE will continue to form new higher highs and is expected to move on an upward trajectory. Hence, PENDLE would be trading at $15 after experiencing a massive surge by the end of 2028.

Pendle (PENDLE) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, PENDLE could be trading at $17 by the end of 2029.

Pendle (PENDLE) Price Prediction 2030

After witnessing a bullish run in the market, PENDLE and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, PENDLE could be trading at $18.

Pendle (PENDLE) Price Prediction 2040

The long-term forecast for PENDLE indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, PENDLE may face a slight fall before starting its upward journey once again. It is expected that the price of PENDLE could reach $21 by 2040.

Minimum PriceAverage PriceMaximum Price
$41$42$43

Pendle (PENDLE) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, PENDLE could surpass the resistance level of $73.

Minimum PriceAverage PriceMaximum Price
$71$72$73

Conclusion

PENDLE has been on the watch-out list of many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in PENDLE and add these tokens to their portfolio, then it could continue to rise. PENDLE’s bullish price prediction shows that it could pass beyond the $4 level in 2024. Moreover, PENDLE could surpass the $73 level by the end of 2050.

FAQ

What is PENDLE?

As described in the document, Pendle is a permissionless yield-trading protocol where users can execute various yield-management strategies. Pendle is divided into three main parts, such as Yield Tokenization, Pendle AMM, and vePendle. 

How do I buy PENDLE tokens?

PENDLE can be traded on many exchanges, such as Binance, Bybit, HTX, KuCoin, and Gate.io.

How do I store PENDLE?

PENDLE can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the PENDLE price in 2024?

PENDLE is expected to reach $4.12 by 2024.

What will be the PENDLE price in 2025?

PENDLE is expected to reach $6 by 2025.

What will be the PENDLE price in 2026?

PENDLE is expected to reach $8 by 2026.

What will be the PENDLE price in 2027?

PENDLE is expected to reach $11 by 2027.

What will be the PENDLE price in 2028?

PENDLE is expected to reach $15 by 2028.

What will be the PENDLE price in 2029?

PENDLE is expected to reach $17 by 2029.

What will be the PENDLE price in 2030?

PENDLE is expected to reach $18 by 2030.

What will be the PENDLE price in 2040?

PENDLE is expected to reach $43 by 2040.

What will be the PENDLE price in 2050?

PENDLE is expected to reach $73 by 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

AltLayer (ALT) Price Prediction 2024-2030: Will ALT Price Hit $1 Soon?

https://coinedition.com/altlayer-alt-price-prediction/

  • The bullish ALT price prediction ranges from $0.7573 to $0.8879.
  • ALT price might also reach $0.9658 in 2024.
  • ALT’s bearish market price prediction for 2024 is $0.3637.

What is AltLayer (ALT)?

Based on the documents, AltLayer is an open and decentralized protocol for rollups. Through AltLayer’s Restaked rollup, it takes the existing rollups, such as OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, and more, and provides them with “enhanced security, decentralization, interoperability, and crypto-economic fast finality.”

Restaked rollups are a set of three “vertically integrated” Actively Validated Services (AVSes) created on-demand for a given rollup that work with any underlying rollup stack. The AVSes offer three key services to rollups, such as verification rollups’ state correctness, faster finality, and decentralized sequencing. These three services are provided through three modular components called—-VITAL (AVS for decentralized verification of rollup’s state), MACH (AVS for fast finality), and SQUAD (AVS for decentralized sequencing).

AltLayer’s Rollups-as-a-Service (RaaS) launchpad allows developers as well as individuals with no coding experience to spin up a customized rollup within two minutes with only a few simple clicks. The Raaas product includes features such as being built for multi-chains and a multi-VM world.

One of the key factors that powers up AltLayer’s protocol is its native utility token, ALT. ALT has several utilities within the ecosystem, such as economic bonds, governance, protocol incentivization, and protocol fees. These ALT tokens can be used alongside restaked assets to provide an economic stake. As part of its protocol incentivization features, ALT is given as rewards for operators in the AltLayer ecosystems for their services. 

AltLayer (ALT) Market Overview

AltLayer (ALT) Current Market Status

The maximum supply of ALT is unknown, while its circulating supply is 1,100,000,000 ALT, according to CoinMarketCap. At the time of writing, ALT is trading at $0.4246, representing a 24-hour fall of 1.56%. The trading volume of ALT in the past 24 hours represents a 29.04% tumble. 

Meanwhile, in the seven day chart, ALT is able to maintain steady growth over the week as it continues to trade in the green zone of the chart. For those interested in purchasing ALT, the  top cryptocurrency exchanges for trading ALT are Binance, Bithumb, HTX, LBank, Gate.io, and others. Now that you know what ALT is and its current market status, we shall discuss its price analysis for 2024.

AltLayer (ALT) Price Analysis 2024

Currently, ALT is ranked in the 115th position on CoinMarketCap. Will developments and upgrades within the AltLayer community increase the price of ALT? We shall see this in this Coin Edition price analysis 2024 article.

AltLayer (ALT) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

ALTUSDT 1-minute chart Showing Bollinger Bands (Source: TradingView) 

ALTUSDT 1-minute chart Showing Bollinger Bands (Source: TradingView) 
ALTUSDT 1-minute chart Showing Bollinger Bands (Source: TradingView

The candlesticks initially started their uptrend after they fell and eventually broke below the lower band. As such, a price correction was initiated as the candlesticks began to hit the upper band of the indicator. After a continuous test on the upper band, the candlestick broke beyond it, exposing the altcoin to an overbought region. This may have caused the price to face a retracement after a consolidation phase. 

It seems that the recent price action could have been a key factor in creating a disturbance in the volatility of the market. So far, the BBWP has been moving sideways within the neutral zone with few indications of band expansion and contraction. However, the current position could suggest that the bands may enter a somewhat stable market if the BBWP continues to fall in value. Thus, traders need to wait for trend confirmation before making their trade. 

AltLayer (ALT) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

ALTUSDT 5-minute chart Showing RSI (Source: TradingView) 

ALTUSDT 5-minute chart Showing RSI (Source: TradingView) 
ALTUSDT 5-minute chart Showing RSI (Source: TradingView

Looking at the above chart, the RSI is valued at 53.38, which is considered the neutral zone by many traders. The current neutral position in the RSI indicator happened after it touched the overbought region after it crossed 70. Reacting to the overbought surge, the candlesticks faced a price retracement, causing their value to drop. Although the RSI was still in the neutral zone, the prices have been trading slightly upwards within the top-half of the RSI bands, indicating that the bullish trend still exists even though its strength is weak. 

AltLayer (ALT) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator helps the trader easily identify the trend of an asset and its current sentiment. Basically, MACD shows the difference between two Exponential Moving Averages (EMA) and helps traders see the crossover between them. By default, MACD has a set value of 12-day EMA, 26-EMA, and 9-day EMA. The MACD allows users to easily see the price trend through its line and histogram visualizations.

ALTUSDT 5-minute chart Showing MACD (Source: TradingView) 

ALTUSDT 5-minute chart Showing MACD (Source: TradingView) 
ALTUSDT 5-minute chart Showing MACD (Source: TradingView

The chart above highlights that the green bars are forming on the indicator, signaling a bullish trend in the short term. Additionally, the MACD line moving upward and staying above the signal line is a sign that the short-term trend could continue for some time. However, it should be noted that the green bars on the indicator are reducing in height, which could be another indication that the trend is weakening. Hence, traders could expect a trend reversal soon. 

AltLayer (ALT) Price Prediction 2024

ALT is currently trading at the $0.4 level after observing a weak uptrend in the short-term period. Even though the trend is weak, the accumulation and distribution indicator highlights that the accumulation is negative in value and reducing. With these signs, we could assume that the selling activity may be increasing and could overrule the bulls reign. There may be a chance that the continuous seller activity could pull the value of ALT below $0.3. 

However, in the long term, if buyers continue to show interest in the altcoin, ALT has the potential to cross beyond the $0.8 level. Additionally, the extreme bullish market sentiment could further allow ALT to break beyond $0.9 and even touch the $1 barrier.

AltLayer (ALT) Price Prediction 2025

ALT could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ALT will continue to rise in 2025, forming new resistance levels. It is expected that ALT will trade beyond the $1.45 level.

AltLayer (ALT) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, ALT could tumble into its support region of $167. Moreover, when ALT remains in the oversold region, there could be a price correction soon. ALT, by the end of 2026, could be trading beyond the $1.87 resistance level after experiencing the price correction.

AltLayer (ALT) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears. ALT is expected to rise after its slumber in the bear season. Moreover, ALT could even break more resistance levels as it continues to recover from the bearish run. Therefore, ALT is expected to trade at $2.25 by the end of 2027.

AltLayer (ALT) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, ALT will continue to form new higher highs and is expected to move on an upward trajectory. Hence, ALT would be trading at $3.54 after experiencing a massive surge by the end of 2028.

AltLayer (ALT) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ALT could be trading at $3.72 by the end of 2029.

AltLayer (ALT) Price Prediction 2030

After witnessing a bullish run in the market, ALT and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, ALT could be trading at $4.03.

AltLayer (ALT) Price Prediction 2040

The long-term forecast for ALT indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, ALT may face a slight fall before starting its upward journey once again. It is expected that the price of ALT could reach $14.88 by 2040.

Minimum PriceAverage PriceMaximum Price
$13.97$14.34$14.88

AltLayer (ALT) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ALT could surpass the resistance level of $29.17.

Minimum PriceAverage PriceMaximum Price
$28.32$28.87$29.17

Conclusion

ALT has been on the watch-out list of many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in ALT and add these tokens to their portfolio, then it could continue to rise. ALT’s bullish price prediction shows that it could pass beyond the $0.9273 level in 2024. Moreover, ALT could surpass the $29.17 level by the end of 2050.

FAQ

What is AltLayer (ALT)?

One of the key factors that powers up AltLayer’s protocol is its native utility token, ALT. ALT has several utilities within the ecosystem, such as economic bonds, governance, protocol incentivization, and protocol fees. These ALT tokens can be used alongside restaked assets to provide an economic stake.

How do I buy ALT tokens?

ALT can be traded on many exchanges, such as Binance, Bithumb, HTX, LBank, and Gate.io. 

How do I store ALT?

ALT can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the ALT price in 2024?

ALT is expected to reach $0.8879 by 2024.

What will be the ALT price in 2025?

ALT is expected to reach $1.45 by 2025.

What will be the ALT price in 2026?

ALT is expected to reach $1.87 by 2026.

What will be the ALT price in 2027?

ALT is expected to reach $2.25 by 2027.

What will be the ALT price in 2028?

ALT is expected to reach $3.54 by 2028.

What will be the ALT price in 2029?

ALT is expected to reach $3.72 by 2029.

What will be the ALT price in 2030?

ALT is expected to reach $4.03 by 2030.

What will be the ALT price in 2040?

ALT is expected to reach $14.88 by 2040.

What will be the ALT price in 2050?

ALT is expected to reach $29.17 by 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC Analysis: Despite Wallets Declining, Upcoming Weekend Will Be Crucial For Bitcoin

https://coinedition.com/btc-analysis-despite-wallets-decling-upcoming-weekend-will-be-crucial-for-bitcoin/

  • BTC is currently priced at $40,178.16 after experiencing a 0.28% surge in 24 hours.
  • Santiment observed that the total number of BTC wallets has been declining at the “swiftest rate” since early October.
  • The reason behind this scenario is that it is due to market capitulation, a surge of selling pressure in the downtrend market.

After the hype of the Bitcoin spot ETF’s approval, Santiment, a market on-chain analytics platform, has observed that the number of total Bitcoin wallets has been declining at the “swiftest rate” since early October, just days before the major crypto bull cycle started. The analytics platform also stated, “The crowd is showing a similar level of impatience this time around, with over 487K wallets holding 1 BTC or less being liquidated in the last 4 days alone.”

The reason behind this scenario is that it is due to market capitulation, a surge of selling pressure in the downtrend market. However, it should be noted that the past price movements have shown that traders’ optimistic sentiment could kickstart the uptrend once again. The market capitulation could have started due to the disappointing performance of BTC after the 11 spot ETF approvals, as several traders and crypto enthusiasts expected a bull market.

 According to CoinMarketCap, BTC is currently priced at $40,178.16 after experiencing a 0.28% surge in 24 hours. Meanwhile, on the seven-day chart, Bitcoin records a 2.57% fall at the time of writing. The traders’ disinterest can also be seen through the 24 hour trading volume, which witnessed a 6.84% negative change.

Observing the recent price action in the above chart, BTC’s candlesticks have begun testing the $39,749 support level, which is a massive fall from its highest point in just a few days. The support is also the 0.382 Fib level, which is often viewed as the common pullback zone.

Based on historical prices, BTC could bounce away from its current level if the support proves to be strong. On the other hand, if BTC continues to fall, then there is a chance that the candlesticks will fall even deeper to the 0.618 Fib level at $34,115.22. This coming weekend will prove to be crucial to determining whether Bitcoin will bounce away or fall to the expected support level.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Pyth Network (PYTH) Price Prediction 2024-2030: Will the PYTH Price Hit $1 Soon?

https://coinedition.com/pyth-network-price-prediction/

  • The bullish PYTH price prediction ranges from $0.9273 to $0.9861.
  • PYTH price might also reach $1.134 in 2024.
  • PYTH’s bearish market price prediction for 2024 is $0.2037.

What is Pyth Network (PYTH)?

As an oracle, Pyth Network publishes financial market data to diverse blockchains in the industry. The Pyth Network team boasts that over 90 first-party publishers contributed to their market data. From this combined market data, the network offers price feeds for a number of different asset classes, such as US equities, commodities, and cryptocurrencies. These price feeds publish a “robust aggregate” of publisher prices that is updated multiple times per second. 

As per the documents, Pyth offers three different data products to support various applications, such as Solana Price Feeds, Pythnet Price Feeds, and Benchmarks. The Pythnet Price Feeds provide real-time prices for 35+ blockchain ecosystems, such as Ethereum, BNB, Avalanche, and more. The ‘Benchmarks’ provide historical Pyth prices for both on-chain and off-chain use. Finally, the Solana Price Feeds share the real-time prices on the Solana Mainnet.

As the market that publishes pricing information, the Pyth Network is basically an interaction between three parties — Publishers, Pyth’s oracle program, and Consumers. Publishers are the ones who submit the pricing information to Pyth’s oracle program, and Pyth’s oracle program combines publishers’ data to produce a “single aggregate price and confidence interval.” Meanwhile, consumers are described as the ones who read the price information produced by the oracle program. 

PYTH is the governance token of the Pyth Network. According to documents, PYTH Token holders can access Pyth governance through “the convenient staking and governance frontend.” In Pyth Network’s ecosystem, it allows anyone who holds PYTH to participate in the governance system. The governance system uses a 1:1 coin-voting system where “each staked token confers one vote.”

Pyth Network (PYTH) Current Market Status

At the time of writing, the market cap for PYTH was $581,920,717 after a surge of 5.32% in just one day. According to CoinMarketCap, PYTH, priced at $0.3879, is ranked 99 based on its market capitalization. Additionally, the altcoin also recorded a spike of 8.99% in seven days. 

PYTH/USD 1-Week Market Summary (Source: TradingView)

At the time of writing, PYTH’s 24-hour trading volume is now valued at $55,405,977, while experiencing a 33.43% tumble in one day. TradingView’s market summary further shows a strong buy signal in the weekly time frame. While the oscillator’s highlight is a neutral signal, the moving averages record a strong buy sentiment in the market. 

Pyth Network (PYTH) Price Analysis 2024

While PYTH continues to make progress through its developments and collaborations, could this drive the price of this altcoin upward? As time passes, what could be the investors’ sentiment on PYTH? 

Pyth Network (PYTH) Price Analysis – Bollinger Bands

With Bollinger Bands, it is possible to determine and analyze the price movement and the volatility of an asset. Moreover, Bollinger bands are used based on the empirical law of standard deviation, as the upper band is calculated by adding 2 standard deviations from the middle line, and the lower band is calculated by subtracting 2 standard deviations from the middle line. Finally, the empirical law of standard deviation states that 95% of the data sets would be within the two standard deviations.

PYTHUSD 1-Hour Chart Showing Bolluinger Bands (Source: TradingView)

The above chart highlights that the candlestick made a steep fall during the volatile market, as indicated by the expansion of the Bollinger Bands. After struggling to recover from its previous fall, PYTH managed to ascend only after the bands expanded once again. During the second phase of the expansion, the candlesticks hugged the upper band of the indicator and moved in an upward direction in the top-half of the Bollinger Band. Currently, the bands are positioned horizontally, which is a sign of consolidation. However, the candlesticks broke beyond the upper band, which may create turbulence in the market. 

Pyth Network (PYTH) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

PYTHUSD 1-Hour CHart Showing RSI (Source: TradingView)

The RSI is currently valued at 68.82 as it continues to move upwards, almost tpouching the overbought region. The bullish buyer-inflenced surge was triggered after a bullish cross performed by the RSI and the signal line. If the RSI continues to enter the overbought region, there may be a chance that traders could expect a fall over the coming days. As seen early, the RSI would face correction after it touched the overbought region. Similarly, traders can expect momentum where the RSI corrects itself.

Pyth Network (PYTH) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator helps the trader easily identify the trend of an asset and its current sentiment. Basically, MACD shows the difference between two Exponential Moving Averages (EMA) and helps traders see the crossover between them. By default, MACD has a set value of 12-day EMA, 26-EMA, and 9-day EMA. The MACD allows users to easily see the price trend through its line and histogram visualizations.

PYTHUSD 1-Hour Chart Showing MACD (Source: TradingView)

The green bars forming on the MACD indicator highlight that there is a slight bullish sentiment in the market. Moreover, the formation of green bars started after the MACD line crossed above the signal line. Currently, the MACD line and the signal line continue to move upwards with no sign of a stop. The green bars also indicate that the bullish trend may continue for some time.

Pyth Network (PYTH) Price Prediction 2024

PYTHUSD 1-Hour Chart (Source: TradingView)

Looking at the above chart, it seems that PYTH fell to its critical support. After a continuous hit on critical support, the altcoin began its uptrend after bouncing away from the edge. During its uptrend, the altcoin would break through several resistance levels; however, at the same time, we can notice that the candlesticks would observe a pullback to the 0.236 and 0.382 Fib levels before continuing its upward trend. 

Dividing the upward price action into two phases, the candlesticks have observed a pullback in both scenarios. Currently, the altcoin is preparing once again to ascend, trying to break through several resistances. Observing the Fib levels, there is a possibility that PYTH’s next target could be at $0.4365. 

Another target would be at $0.4971; however, it should be noted that these predictions are short term. For the long term, PYTH could seamlessly cross $0.9273 by the end of 2024 if this year proves to be a bullish period. PYTH could show an extremely bullish sentiment and break through $1.1.   

Pyth Network (PYTH) Price Prediction 2025

PYTH could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, PYTH will continue to rise in 2025, forming new resistance levels. It is expected that PYTH will trade beyond the $2.01 level.

Pyth Network (PYTH) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, PYTH could tumble into its support region of $167. Moreover, when PYTH remains in the oversold region, there could be a price correction soon. PYTH, by the end of 2026, could be trading beyond the $2.54 resistance level after experiencing the price correction.

Pyth Network (PYTH) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears. PYTH is expected to rise after its slumber in the bear season. Moreover, PYTH could even break more resistance levels as it continues to recover from the bearish run. Therefore, PYTH is expected to trade at $2.91 by the end of 2027.

Pyth Network (PYTH) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, PYTH will continue to form new higher highs and is expected to move on an upward trajectory. Hence, PYTH would be trading at $3.87 after experiencing a massive surge by the end of 2028.

Pyth Network (PYTH) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, PYTH could be trading at $4.21 by the end of 2029.

Pyth Network (PYTH) Price Prediction 2030

After witnessing a bullish run in the market, PYTH and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, PYTH could be trading at $4.56.

Pyth Network (PYTH) Price Prediction 2040

The long-term forecast for PYTH indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, PYTH may face a slight fall before starting its upward journey once again. It is expected that the price of PYTH could reach $16.27 by 2040.

Minimum PriceAverage PriceMaximum Price
$15.32$15.93$16.27

Pyth Network (PYTH) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, PYTH could surpass the resistance level of $23.11.

Minimum PriceAverage PriceMaximum Price
$22.12$22.87$23.11

Conclusion

PYTH has been on the watch-out list of many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in PYTH and add these tokens to their portfolio, then it could continue to rise. PYTH’s bullish price prediction shows that it could pass beyond the $0.9273 level in 2024. Moreover, PYTH could surpass the $23.11 level by the end of 2050.

FAQ

What is Pyth Network (PYTH)?

PYTH is the governance token of the Pyth Network. According to documents, PYTH Token holders can access Pyth governance through “the convenient staking and governance frontend.” In Pyth Network’s ecosystem, it allows anyone who holds PYTH to participate in the governance system. The governance system uses a 1:1 coin-voting system where “each staked token confers one vote.”

How do I buy PYTH tokens?

PYTH can be traded on many exchanges, such as OKX, HTX, KuCoin, and Kraken.

How do I store PYTH?

PYTH can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the PYTH price in 2024?

PYTH is expected to reach $0.9273 by 2024.

What will be the PYTH price in 2025?

PYTH is expected to reach $2.01 by 2025.

What will be the PYTH price in 2026?

PYTH is expected to reach $2.54 by 2026.

What will be the PYTH price in 2027?

PYTH is expected to reach $2.91 by 2027.

What will be the PYTH price in 2028?

PYTH is expected to reach $3.87 by 2028.

What will be the PYTH price in 2029?

PYTH is expected to reach $4.21by 2029.

What will be the PYTH price in 2030?

PYTH is expected to reach $4.56 by 2030.

What will be the PYTH price in 2040?

PYTH is expected to reach $16.27 by 2040.

What will be the PYTH price in 2050?

PYTH is expected to reach $23.11 by 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Siacoin (SC) Price Prediction 2024-2030: Will SC Price Reach $0.01 Soon?

https://coinedition.com/siacoin-sc-price-prediction/

  • The bullish SC price prediction ranges from $0.0736 to $0.0812.
  • SC price might also reach $0.1 in 2024.
  • SC’s bearish market price prediction for 2024 is $0.001930.

What is Siacoin (SC)? 

The Sia Foundation describes itself as a non-profit organization committed to advancing and enhancing the Sia decentralized storage network. As expected from a decentralized network, Sia also promises that it aims to promote a future where “individuals entirely own their data.” Apart from becoming a decentralized network, the Sia storage network also acts as a market place to leverage underutilized hard drive capacity worldwide.  

Sia’s blockchain is currently powered by its utility token, the Sia coin (SC). It helps in powering up the ecosystem and is essential for conducting network activities. As per documents, some of the mentioned utilities of Siacoins include: Siacoins can be used as payment to pay for storage; SC can be earned when storing others’ data; and making transactions. 

As it is mostly focused on decentralized data storage, Sia ensures that the file uploaded undergoes fragmentation, encryption, and global distribution. While renters upload files, the hosts store these files, and the entire operation is automated. To ensure privacy and enhance the security of the network, Sia guaranteed that the host would never gain access to the files, as they only received encrypted fragments of the complete files. 

Siacoin (SC) Current Market Status

The total supply of Siacoin is 56,228,295,000 SC, while its circulating supply is 56,204,153,962 SC, according to CoinMarketCap. At the time of writing, SC is trading at $0.01079, representing a 24-hour fall of 0.75%. Meanwhile, the trading volume of Klaytn in the past 24 hours represents a 1290.30% surge.

Some top cryptocurrency exchanges for trading Siacoin (SC) are Binance, Bybit, OKX, Kraken, Gate.io, and others. Now that you know what Siacoin is and its current market status, we shall discuss the price analysis of Siacoin (SC) for 2024.

Siacoin (SC) Price Analysis 2024

Currently, Siacoin is ranked in the 85th position on CoinMarketCap. Will developments and upgrades within the Sia network increase the price of Siacoin (SC)? We shall see this in this Coin Edition price analysis 2024 article.

Siacoin (SC) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

SC/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)

Relative to its earlier price action, SC’s recent spike has increased market volatility as the candlesticks continue to form higher highs. Initially, the candlesticks were testing the upper band of the Bollinger Band and finally crossed above it. The candlesticks breaking above caused the bands to stretch out. Despite the slight retracement, the candlesticks were still able to continue their uptrend as the bands continued to stretch a bit more.

Siacoin (SC) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

SC/USDT 1-Day Chart Showing RSI (Source: TradingView)

The RSI is currently valued at 71.03, clearly highlighting the presence of a huge number of buyers in the market. Whenever the candlesticks broke out above the upper band, they would face a correction before climbing up once again. The RSI has already hit the overbought region twice already. Looking at the momentum, it seems that prices could face a correction soon.          

Siacoin (SC) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals

SC/USDT 1-Day Chart Showing MACD (Source: TradingView)

The MACD indicator highlights that the short term market is experiencing a surge, increasing the prices of the altcoin. Additionally, the MACD line continues to move upward after making a bullish cross. After reaching the peak, the MACD line is shifting its position from upwards to downwards, which could be a possible sign of a change in trend. 

Siacoin (SC) Price Prediction 2024

SC/USDT 1-Day Chart (Source: TradingView)

With the start of the bear market, the candlesticks faced a fall, making them reach the critical support level. Then, SC went through a gradual accumulation where the buyers and sellers were almost balanced in the market, making it trade mostly between $0.004457 and $0.002614. However, by mid-October, the bull market and greed of traders had caused the price of altcoins to reach new levels. 

This can be seen in the recent high-neck candlesticks. It seems that SC crossed through several minor resistance levels after the presence of the bulls continued to rise. Additionally, the candlesticks remaining above the 200 SMA signal that the market is highly in the positive region. 

At the same time, traders could also expect a correction as the market noticed the huge number of buyers in the area. As such, SC, with the anticipation of a bull market, could reach new levels of $0.0736. Meanwhile, an extreme bullish market could create an opportunity for SC to cross beyond the $0.1 major resistance areas. 

Siacoin (SC) Price Prediction 2024 – Resistance and Support 

SC/USDT 1-Day Chart (Source: TradingView)

SC is currently recovering from the fall it witnessed during the bear market of 2022. With the recent surge and accumulation activities, the SC price increased and crossed above the 0.236 Fib level. Additionally, the altcoin is moving closer to the second major resistance level. The current FIb level showcases the level and the price it is required to completely recover from one of its highest peaks.

Siacoin (SC) Price Prediction 2025

SC could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, SC will continue to rise in 2025, forming new resistance levels. It is expected that SC will trade beyond the $0.2 level.

Siacoin (SC) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, SC could tumble into its support region of $15. Moreover, when SC remains in the oversold region, there could be a price correction soon. SC, by the end of 2026, could be trading beyond the $0.4 resistance level after experiencing the price correction.

Siacoin (SC) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. SC is expected to rise after its slumber in the bear season. Moreover, SC could even break more resistance levels as it continues to recover from the bearish run. Therefore, SC is expected to trade at $0.8 by the end of 2027.

Siacoin (SC) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, SC will continue to form new higher highs and is expected to move on an upward trajectory. Hence, SC would be trading at $1.45 after experiencing a massive surge by the end of 2028.

Siacoin (SC) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, SC could be trading at $1.77 by the end of 2029.

Siacoin (SC) Price Prediction 2030

After witnessing a bullish run in the market, SC and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, SC could be trading at $2.03.

Siacoin (SC) Price Prediction 2040

The long-term forecast for SC indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, SC may face a slight fall before starting its upward journey once again. It is expected that the price of SC could reach $12 by 2040.

Minimum PriceAverage PriceMaximum Price
10.6511.8712.24

Siacoin (SC) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, SC could surpass the resistance level of $19.

Minimum PriceAverage PriceMaximum Price
$16.54$18.29$19.72

Conclusion

To summarize, if investors continue to show interest in SC and add these tokens to their portfolio, then it could continue to rise. SC’s bullish price prediction shows that it could pass beyond the $0.0736 level. Moreover, SC could surpass the $19.72 level by the end of 2050. 

FAQ

What is Siacoin (SC)?

Sia’s blockchain is currently powered by its utility token, the Sia coin (SC). It helps in powering up the ecosystem and is essential for conducting network activities. As per documents, some of the mentioned utilities of Siacoins include: Siacoins can be used as payment to pay for storage; SC can be earned when storing others’ data; and making transactions. 

How do I store Siacoin (SC)?

SC can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the price of SC in 2024?

SC is expected to reach $0.0736 in 2024.

What will be the price of SC in 2025?

SC is expected to reach $0.2 in 2025.

What will be the price of SC in 2026?

SC is expected to reach $0.4 in 2026.

What will be the price of SC in 2027?

SC is expected to reach $0.8  in 2027.

What will be the price of SC in 2028?

SC is expected to reach $1.45 in 2028.

What will be the price of SC in 2029?

SC is expected to reach $1.77 in 2029.

What will be the price of SC in 2030?

SC is expected to reach $2.03 in 2030.

What will be the price of SC in 2040?

SC is expected to reach $12.24 in 2040.

What will be the price of SC in 2050?

SC is expected to reach $19.72 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

GMT Continues To Slip After Unlocking Activity; Is This The Right Moment For Buyers?

https://coinedition.com/gmt-continues-to-slip-after-unlocking-activity-is-this-the-right-moment-for-buyers/

  • Lookonchain reported that the STEPN wallet had unlocked 74 million GMT for investors.
  • GMT is currently falling from its daily high of $0.3918 after facing a fall of 12.70% in just one day.
  • There may be a chance that the altcoin may continue to fall if the selling activities in the market continue.

Highlighting a recent token unlocking activity, Lookonchain, a market analytical platform, reported that the STEPN wallet had unlocked 74 million GMT for investors, which is approximately $25.47 million in value. The platform further mentioned that some of the investors deposited GMT on exchanges, immediately receiving the altcoin.

At the reported time, GMT is currently falling from its daily high of $0.3918 after facing a fall of 12.70% in just one day. According to CoinMarketCap, the daily fall caused the altcoin to reach the red region of the weekly chart. At the reported time, GMT is valued at $0.3352 after recording a 3.24% tumble in the seven-day chart. Furthermore, the negative change in GMT’s prices caused its market cap to be valued at $554,113,140.

Looking at the chart, GMT started to experience a surge in mid-October, 2023 and continued to hug the upper band until the last week of November 2023. After the candlesticks continued to test the upper band for almost a month, a price correction took place as a response to the altcoin crossing above the barrier. 

In the last month of 2023, GMT swayed within the $0.3745 and $0.2445 areas. Moving into 2024, GMT was able to showcase a positive price action, mostly influenced by the buyers as highlighted by RSI touching the overbought region. Currently, GMT could be facing a price correction with the formation of two red candlesticks. There may be a chance that the altcoin may continue to fall if the selling activities in the market continue. Hence, buyers looking to enter the market need to wait for the market to become stable during its downtrend.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ETH Approaches 2022 Low And Expected To Take Liquidity: Analyst

https://coinedition.com/eth-approaches-2022-low-and-expected-to-take-liquidity-analyst/

  • Michael van de Poppe notified the crypto community that ETH is approaching the 2022 low and speculated that it is likely to take liquidity there.
  • He also stated that the bullish divergence signals are being imprinted on the one-day and three-day timeframe charts.
  • Ethereum is priced at $2,274.22 after facing a 5% fall in seven days.

In the midst of the BTC ETF application uproar, Michael van de Poppe, a well-known crypto analyst, notified the crypto community that Ethereum is approaching the low of 2022 and speculated that it is likely to take liquidity there. The crypto analyst further mentioned that if the BTC ETF is approved, a liquidation candle may develop on the ETH/BTC chart, followed by a rotation into Ethereum combined with a bullish weekly divergence. 

Observing the past price action momentum, van de Poppe observed that Ethereum performed very well in the first quarter of every year. He also stated that the bullish divergence signals are being imprinted on the one-day and three-day timeframe charts. Finally, he also predicted that ETH ETF would also be the next “hot topic” in the coming months. 

According to CoinMarketCap, Ethereum is priced at $2,274.22 after facing a 0.46% increase in one day. However, in the seven-day time period, the altcoin faced a fall of 5%, placing it in the red region of the chart. It seems that ETH failed to rise above its weekly opening market price of $2,394, and its market cap is valued at $273,329,214,265.

Looking at the 4-hour chart, ETH’s positive candlesticks would break through the upper bands during its slight surge; however, the altcoin leader, simultaneously, would also fall as part of the price correction procedure. It seems that ETH was trading in between the $2,425.78 and $2,139.03 trading areas. As per van de Poppe’s analysis, there may be a chance that the candlestick would fall below the support line. It is expected that ETH could also once again rise after the liquidation period.  

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC’s Social Dominance Continues To Surge Amid Anticipation of BTC ETF Approval

https://coinedition.com/btcs-social-dominance-continues-to-surge-amid-anticipation-of-btc-etf-approval/

  • BTC’s social dominance and social volume increased in the short-term period.
  • Apart from social dominance and social volume, traders have been purchasing BTC aggressively in anticipation of the upcoming approval.
  • BTC is priced at $46,773.13, and its market cap is valued at $916,708,151,199.

As the crypto community continues to anticipate the approval of BTC spot ETFs, Santiment, a market on-chain analytics platform, reported that Bitcoin’s social dominance and social volume increased in the short-term period.

Looking at Santiment’s chart, Bitcoin ETF optimism spiked to the highest level since the start of the bully rally in mid-October. Furthermore, it was pointed out that the top five trending keywords on social platforms dominated by ETF discussions are — etf, btc, week, approval, and btcetf. 

Apart from social dominance and social volume, traders have been purchasing BTC aggressively in anticipation of the upcoming approval, which has influenced the prices of the crypto leader to experience a surge. One of the main reasons behind the aggressive buy is mostly due to expectations that several ETF applications would be approved, opening the market to non-traditional crypto traders and investors. This would simultaneously increase the demand for BTC, thus increasing the price of the limited-supply crypto leader.

Bitcoin started trading with an opening market price of $43.99K; it observed a 6.45% spike in just one day, making its wick break through the $47K resistance. At press time, BTC is priced at $46,773.13, and its market cap is valued at $916,708,151,199, according to CoinMarketCap.

While it was reported earlier that BTC showed signs of consolidation, the buyers’ activity has caused BTC to break above the upper band. Furthermore, the RSI is also positioned in the overbought region. Normally, it is expected that a price correction would happen in response to overbuying activity; however, in this scenario, BTC may continue to remain in the overbought region for some time if buyers continue to overpower the sellers in the market.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP’s Lowest Negative Point Is A Good Opportunity For Contrarian Investors: Analyst

https://coinedition.com/xrps-lowest-negative-point-is-a-good-opportunity-for-contrarian-investors-analyst/

  • Crypto analyst reported that Santiment’s weighted sentiment metrics for XRP have reached the lowest negative point since mid-May 2023.
  • XRP is currently priced at $0.5739 after experiencing a 2.41% increase in one day.
  • Indicators advise that XRP is trading sideways in between the $0.5800 upper band and $0.5543 lower band.

Sharing his insights with the crypto community, Ali, a crypto analyst, reported that Santiment’s weighted sentiment metrics for XRP have reached the lowest negative point since mid-May 2023. He further advises that this could be an intriguing signal for contrarian XRP investors, as it presents a unique opportunity in the market.

XRP, according to CoinMarketCap, is currently priced at $0.5739 after experiencing a 2.41% increase in one day. Despite the short-surge observed in 24 hours, XRP is still below its weekly opening market price of $0.6345. It seems that XRP’s weekly performance has pulled it into the red zone after witnessing a 9.54% tumble in seven days, at the reported time.

Looking at the above chart, it seems that XRP was heavily affected by the liquidation that happened in the first week of 2024. To be specific, XRP faced an approximately 19.12% negative change on January 3, 2024, making its wick touch the $0.5 barrier. However, the remittance token was able to close its trade around the $0.57 level. 

XRP’s fall has caused the Bollinger bands to expand, causing the market to become volatile. However, after a few days of trading, the bands were able to contract in area size, which was influenced by the price correction procedure. 

Meanwhile, the RSI indicator suggests that it was able to revert to the neutral zone after XRP touched the oversold region. So far, both indicators advise that XRP is trading sideways between the $0.5800 upper band and $0.5543 lower band. To conclude, Ali’s statements seem to be true, as this could be a good opportunity for buyers to enter the market who have missed their chance of entering the market during the bearish period. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC Observes Growing Holder Numbers Amid Anticipation of BTC Spot ETF Approval: Will Bitcoin Rise or Fall?

https://coinedition.com/btc-observes-growing-holder-numbers-amid-anticipation-of-btc-spot-etf-approval-will-bitcoin-rise-or-fall/

  • Santiment reported that certain crypto networks observed a substantial growth in the first week of 2024.
  • Based on the report, BTC and ETH have 52.6 million and 112.1 million total amount of holders, respectively. 
  • BTC is currently priced at $43,619.70 after experiencing a 3.02% surge in seven days.

Earlier today, Santiment, an on-chain market analytical platform, reported that certain crypto networks observed substantial growth in the first week of 2024. Based on Santiment’s report, the number of wallets with more than zero coins has grown. BTC and ETH have 52.6 million and 112.1 million total holders, respectively. 

Meanwhile, XRP, experienced +26% one-year growth, as the total number of holders is currently valued at 4.9 million. ADA and DOGE have 4.5 million and 5.7 million total holders after witnessing +38% and +22% one-year growth, respectively. LINK has 711.3K total holders after experiencing 11% one-year growth. 

There may be a chance that the substantial growth in the crypto network in the first week of 2024 could be related to the anticipation of BTC spot ETF approval, which may happen this week. According to CoinMarketCap, BTC is currently priced at $43,619.70 after experiencing a 3.02% surge in seven days. However, over the 24 hour period, the crypto leader faced a fall of 0.97%. 

Looking at the above chart, the candlesticks have been trading near the $40K-$45K level since the start of December 2023. Meanwhile, 2024 provided a chance for BTC to break through the $45,938 level; however, it failed to complete a mission. Instead, the crypto leader faced a price correction in response to the overbought price surge. 

The current red candlesticks have made BTC touch the bottom Bollinger Band. If the SEC approves the BTC spot ETF proposal, analysts believe that BTC may experience another overbought surge, as it has been previously reported that 88% of financial advisors are waiting to invest. In contrast to the bullish predictions, BTC may also face a fall as some traders may liquidate their assets to make large profits in a short period of time.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

CoinMarketCap’s Top Gainer List: ICP Leads The Race With 72+% Surge

https://coinedition.com/coinmarketcaps-top-gainer-list-icp-leads-the-race-with-72-surge/

  • According to CoinMarketCap, ICP, OSMO, HNT, BONK, and WOO are the top crypto gainers.
  • ICP is currently priced at $9.39 after making a spike of 72.99% over the seven day period.
  • The second and third positions on the top gainer’s list are secured by OSMO and HNT.

After the end of the last non-holiday weekend, several major cryptocurrencies faced a fall by the end of the week. However, few altcoins have been able to record gains over the seven-day period. According to CoinMarketCap, ICP, OSMO, HNT, BONK, and WOO are the top crypto gainers over the seven-day time frame.

Internet Computer (ICP)

Internet Computer is dubbed the first “World Computer” blockchain, providing autonomous, serverless cloud functionality to the public Internet. ICP is currently priced at $9.39 after making a spike of 72.99% over the seven-day period. However, the trading volume is currently valued at $497,953,788 after recording a fall of 32% in 24 hours.

Osmosis (OSMO)

As the decentralized exchange for Cosmos, OSMO has been able to record a significant surge over the week as it took its place in the 82 position. After a 69.71% surge, OSMO was able to finally change hands at $1.40. It seems that after the massive surge, OSMO’s trading volume has reduced, recording a 30.17% decrease in value.

Helium (HNT)

As described by CoinMarketCap, Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. At the reported time, HNT is slightly closer to its daily high value, as it is valued at $7.83. The current price was recorded after observing a 65.22% uptick in its value in just seven days. The market cap also saw a hike in its value, showing a positive 7.65% change in just one day.

BONK

It is no surprise that BONK is on the list, as reports flooded in about its development, the increase in the community’s surge, and its price. BONK, a meme coin, is changing hands at $0.00001931 after experiencing a positive change of 54.48% in just seven days.

WOO Network (WOO)

Although starting in the red area at $0.2506, WOO has been gradually rising and was able to move to the green zone of the chart. At the reported time, WOO is priced at $0.36 after being able to maintain a 44.61% spike in just seven days. The trading volume is still recording a positive 11.78% change in just 24 hours.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC Fell Over the Weekend, Could This Be a Slight Bump Before Its Surge?

https://coinedition.com/btc-fell-over-the-weekend-could-this-be-a-slight-bump-before-its-surge/

  • Santiment reported that Bitcoin and several other altcoins faced a slight downfall over the weekend.
  • BTC is currently changing hands at $41,173.53 after facing a 1.55% drop in its value over the one day period.
  • As part of the price correction procedure, BTC has fallen back to the 0.382 Fib level.

With the end of another non-holiday weekend, Santiment, the market on-chain analytical platform, took to Twitter to report the slight downfall witnessed by Bitcoin and several other altcoins. Despite the market being dipped in red, the platform further emphasized that ICP, along with INJ, STX, and BONK, have experienced a surge. 

The social volumes of the crypto leader BTC and the altcoin leader ETH also recorded a drop in their value. Additionally, Santiment’s chart reveals that BNB, SOL, XRP, and USDC observed a fall in their social volume. 

At the time of writing, BTC is currently changing hands at $41,173.53 after facing a 1.55% drop in its value within one day. The changes have caused BTC to fall in the red zone of the weekly chart. It is yet to be determined whether this downfall may be a slight drawback for the crypto leader. Although BTC recorded a fall over the 24-hour period, CoinMarketCap’s data also reveals that the trading volume of the crypto leader is experiencing a spike of 34.08%.

Further diving into BTC’s chart, it showcased that prices would fall at the same time when the total number of holders would also reduce. Concurrently, the prices and holders would gradually increase, as observed on the chart. The development activity has also been able to maintain a steady increase even though prices fell. On the other hand, during the BTC downtrend, development activity has also reduced.

It seems that the current downfall may have been a part of the price correction procedure as it has fallen back to the 0.382 Fib level. The 0.382 Fib level has been often viewed as a potential price correction level by most traders. By analyzing the historical prices, the price correction is probably a slight bump in BTC’s trajectory, and it may surge once again.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bonk (BONK) Price Prediction 2024-2030: Will BONK Price Hit $0.001 Soon?

https://coinedition.com/bonk-price-prediction/

  • The bullish BONK price prediction ranges from $0.00005643 to $0.00006753.
  • Analysis suggests that the BONK price might reach above $0.00009785 soon.
  • The BONK bearish market price prediction for 2024 is $0.00000949.

What is BONK?

BONK has garnered the attention of several meme coin enthusiasts and has become popular. This is evident from the listing announcements made by several centralized exchanges. BONK, as described by the team, is a utility and social token developed to “empower the Solana ecosystem’s community and developers.” 

BONK was formed at the end of the bear market in 2022. Based on the report, BONK’s distribution is expected to offer a “morale boost through a well-timed airdrop.” It is also dubbed the ‘Solana Ecosystem Social Token’.

One of the reasons why BONK garnered the attention of investors was due to the fair distribution model—a strategy that distributed 50% of BONK tokens to existing Solana users, developers, and creators. 

Highlighting the achievements over the period of time, the team has also boasted that BONK is “the third most transacted token on the Solana network, other than Solana itself and USDC.” BONK is focused on collaborating within the Solana community to develop new use cases and foster collaborations to enhance its utility in the ever-evolving cryptocosmos.

Bonk (BONK) Market Overview

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BONK Current Market Status

BONK is currently priced at $0.00002675, experiencing a 74.33% spike in just 24 hours. Moreover, BONK is ranked in the 46th position based on CoinMarketCap’s Market Cap ranking. BONK’s market cap is valued at $327,378,421 after experiencing a 75.45% increase in just one day.

Meanwhile, BONK’s trading volume is valued at $1,436,921,481, experiencing a surge of 412.33% in just 24 hours, indicating that the trader’s demand for the altcoin is rising. BONK has a circulating supply of 60,837,624,528,359 BONK, while its maximum supply is 100,000,000,000,000 BONK. 

BONK can be exchanged on many exchanges, such as Binance, KuCoin, Coinbase, Raydium, ByBit, Gate.io, and Bitget.

BONK Price Analysis 2024

Will BONK’s most recent improvements, additions, and modifications help the BONK price rise? There are speculations that the utility features and community excitement could be driving force for BONK to surge. Before confirming this theory, let’s focus on the charts in this article’s BONK price forecast.

BONK Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

BONK/USDT 45-minute chart (Source: TradingView

Looking at the chart, the candlesticks were trading most of their time in the top half of the Bollinger Bands as it continued to move upwards. During their upward journey, the candlesticks continued to test the upper band of the indicator. This is often viewed as overbought momentum by most traders. Recently, the candlesticks hit the upper band of the indicator and finally faced correction as the value of BONK dropped. However, it seems that bulls have come back into the picture, which could be confirmed by the green candlesticks. 

BONK Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

BONK/USDT 45-minute chart Showing RSI (Source: TradingView)

The RSI is currently valued at 64.81 after facing a correction from the overbought region. Moreover, the RSI is below the SMA, which is often seen as a bearish signal. It seems that the RSI was continuously trying to fall for a long time. However, out of the unexpected, the traders felt optimistic, which caused the RSI to rise once again. There may be a chance that the RSI could form a bullish cross soon.  

BONK Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past pr

BONK/USDT 45-minute chart (Source: TradingView)

The MACD is one of the indicators that could highlight the short term trend in the market. Currently, it highlights that the trend is bearish due to the formation of red bars in the histogram. Moreover, the MACD line crossed below the SMA line, another bearish indicator. If the MACD line falls, it may signal that the bear trend will continue. However, since the gap between them is small, it could also form a bullish signal anytime soon.

BONK Price Prediction 2024

BONK/USDT 45-minute Chart (Source: TradingView)

With the indicator’s help, it has been identified that the market is being heavily influenced by buyers. Even the recent surge BONK experienced was heavily influenced by buyers. The MACD, a lagging indicator, seems to be still stuck near the price retracement data, which is why it showcases a bearish trend. 

However, the Bull vs. Bear indicator confirms that buyers are in the market, as highlighted by the green signal. It also shows that buying volume could rise, further motivating the candlesticks to reach new levels of resistance. 

Moreover, the listing announcements and developments will also contribute to the positive market sentiment. Hence, looking at all these factors, there may be a chance that the candlesticks will reach new levels of resistance. 

BONK Price Prediction 2024 – Resistance and Support Level

BONK/USDT 45-minute Chart (Source: TradingView)

Although BONK has less data to determine future resistance levels, the Fib retracement levels could be used to determine future support levels. For instance, traders and analysts have often seen that 0.382 is the common pullback zone for several assets in the industry. Based on this theory, it is expected that $0.0002302 could be one of the supports. However, the critical support could be near $0.00001049 due to the price action in the BONK price.

BONK Price Prediction 2025

BONK could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BONK will continue to rise in 2025, forming new resistance levels. It is expected that BONK will trade beyond the $0.000103 level.

BONK Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, BONK could tumble into its support regions. However, when BONK remains in the oversold region, there could be a price correction soon. BONK, by the end of 2026, could be trading beyond the $0.000244 resistance level after experiencing the price correction.

BONK Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. BONK is expected to rise after its slumber in the bear season. Moreover, BONK could even break more resistance levels as it continues to recover from the bearish run. Therefore, BONK is expected to trade at $0.0004537 by the end of 2027.

BONK Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, BONK will continue to form new higher highs and is expected to move on an upward trajectory. Hence, BONK would be trading at $0.000574 after experiencing a massive surge by the end of 2028. 

BONK Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, BONK could be trading at $0.000687 by the end of 2029.

BONK Price Prediction 2030

After witnessing a bullish run in the market, BONK and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, BONK could be trading at $0.000785.

BONK Price Prediction 2040

The long-term forecast for BONK indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, BONK may face a slight fall before starting its upward journey once again. It is expected that the average price of BONK could reach $0.05736 by 2040.

BONK Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, BONK could surpass the resistance level of $0.8749.

Conclusion

To summarize, if investors continue to show interest in BONK and add these tokens to their portfolio, then it could continue to rise. BONK’s bullish price prediction shows that it could pass beyond the $0.00005643 level in 2024. Moreover, BONK could surpass the $0.8749 level by the end of 2050. 

What is BONK?

BONK has garnered the attention of several meme coin enthusiasts and has become popular. This is evident from the listing announcements made by several centralized exchanges. BONK, as described by the team, is a utility and social token developed to “empower the Solana ecosystem’s community and developers.”

How do I buy BONK?

BONK can be bought on many exchanges, including Binance, KuCoin, Coinbase, Raydium, ByBit, Gate.io, and Bitget.

Can BONK reach $0.001?

If BONK manages to break above the present momentum, then it has the potential to hit $0.001 after 2030.

How do I store BONK?

BONK can be stored in a hot wallet, a cold wallet, or an exchange wallet.

What will be the BONK price in 2024?

BONK is expected to reach $0.00006753 by 2024.

What will be the BONK price in 2025?

BONK is expected to reach $0.000103 by 2025.

What will be the BONK price in 2026?

BONK is expected to trade beyond the $0.000244 level.

What will be the BONK price in 2027?

BONK is expected to reach $0.0004537 by 2027.

What will be the BONK price in 2028?

BONK is expected to reach $0.000574 in 2028.

What will be the BONK price in 2029?

BONK is expected to reach $0.000687 by 2029.

What will be the BONK price in 2030?

BONK is expected to reach $0.000785 by 2030.

What will be the BONK price in 2040?

BONK is expected to reach $0.05736 by 2040.

What will be the BONK price in 2050?

BONK is expected to trade beyond the $0.8749 resistance level.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Exploring the Crypto Exchange Market With Bitrue’s CSO, Robert Quartly-Janeiro

https://coinedition.com/exploring-the-crypto-exchange-market-with-bitrues-cso-robert-quartly-janeiro/

The Cardano Summit in Dubai brought together diverse community members and experts from around the world in one place. All of them were eagerly sharing their insights and ideas, hoping to contribute to the ever-evolving digital asset space.

Among the many organizations that were sharing their latest revolutionary developments, Bitrue was garnering the attention of a flurry of crypto enthusiasts. Robert Quartly-Janeiro, Chief Strategy Officer and Spokesperson for Bitrue, was at the forefront, answering wide ranging and technical questions from the crypto community.

After the crowd cleared out, Coin Edition approached Robert to learn more about Bitrue’s plans. With a smile and an approachable demeanour, Bitrue’s CSO welcomed us, ready to answer all our questions.

In this exclusive interview, Robert discussed Bitrue’s mission and upcoming strategies for the coming months. An economist by training, he also talked about the current landscape of the crypto industry.

How would you characterize your overall impressions and observations of the Cardano Summit so far?

Yes, the Cardano Summit has been good and really busy this year.

What is Bitrue hoping to achieve at the Cardano Summit?

For us, it is about getting out there, meeting people, and raising awareness of who Bitrue are. Bitrue is, after all, the eighth largest exchange based on trading volume, with an Asian and European focus. So, the Middle East is one of the regions where Bitrue needs to expand it’s presence.

With the crypto market saturated with numerous exchanges, how does Bitrue intend to distinguish itself in this dynamic and competitive industry?

For Bitrue, it is looking at regions where the company can be the best. From a Middle East perspective, there’s a lot going on here. Even if it’s not about selling here, the focus is on building good relationships and partnerships. The firm has also fostered a very good relationship with Cardano that stretches back in time, including making a few investments with Cardano. I think on a regional level, what’s interesting is that this has become somewhat of a melting pot. It’s about how firms interact with it in the best way and ensuring that you are ahead in the market, or at least at the table with everyone else.

What is the unique selling point of Bitrue compared to the diverse crypto exchanges in the market?

So, Bitrue does not have only one unique selling point (USP). Over time, Bitrue has developed itself in certain areas. It’s very big in XRP and ADA and has a significant market presence in certain geographical locations, which are a few attributes that make it unique. Bitrue has grown globally, with 10 million users worldwide. Despite being seen, heard, and made aware of Bitrue’s existence in the market, there are clearly, clearly areas where the company can improve.

In the crypto exchange industry, what is the one common challenge that users have been facing?

I think for users, it is about market sentiment, such as prices. For instance, users who have purchased at the top are currently nursing losses. But if they didn’t, then it is possibly an interesting time for them to be involved or not be involved. Additionally, users have started to eagerly anticipate what the next year will look like for the crypto market. People have already seen the end of the bear market, which can be clearly seen as BTC’s price dropped from $60,000 to $18,000 before rebounding. So clearly, pricing is the biggest challenge, among many other things

The second level has to be product knowledge. You have got to provide a lot more information to help the community understand—What’s this plan and what’s it going to do? What’s the utility? Where are they based? Who is the team? if they are listed? What does it mean that you are listed here? Why should I buy it on Bitrue, or why not some other exchange such as OKX? So, these are important questions one should ask.

From an industry perspective and an exchange perspective, there are too many exchanges, and some of them don’t have liquidity, which is not a good thing. So, what can be done to increase the liquidity? Frankly, I think this can happen only when there are fewer exchanges, which should increase the quality.

So what strategies will Bitrue implement to solve this problem?

I’d love to tell you, but I won’t because it is something that needs to be delivered. I’m not trying to be cryptic, but it has to be delivered. Once developments and plans have been implemented, we can talk again!

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Beam (BEAM) Price Prediction 2024-2030: Will BEAM Price Hit $1 Soon?

https://coinedition.com/beam-price-prediction/

  • The bullish BEAM price prediction ranges from $0.342 to $0.452.
  • Analysis suggests that the BEAM price might reach above $0.55 soon.
  • The BEAM bearish market price prediction for 2024 is $0.02012.

What is BEAM?

According to the document, Beam is highlighted as a gaming blockchain, providing an ecosystem for gamers and developers to reshape the future of the gaming industry. It is a community-driven chain, giving gamers and developers a unique opportunity to experience the best blockchain gaming experience with Beam’s powerful and flexible solution.

Beam is operated as an Avalanche subnet, making use of the network’s scale, speed, and security features. Beam has developed a reputation-based consensus method called Proof-of-Authority (PoA). With this consensus mechanism, it values the validator’s reputation as they are “handpicked” based on their trustworthiness.

BEAM is the token that serves as the native token for the Beam network. BEAM can be paid for transactions as well as all interactions with smart contracts on the Beam network. Apart from the gas token, it performs and plays a vital role as a governance token, allowing holders to participate in the governance process.

BEAM Market Overview

🪙 NameBeam
💱 Symbolbeam
🏅 Rank#65
💲 Price$0.02383683
📊 Price Change (1h)-0.68008 %
📊 Price Change (24h)5.21615 %
📊 Price Change (7d)49.59012 %
💵 Market Cap$1131288717
📈 All Time High$0.02720031
📉 All Time Low$0.0043383
💸 Circulating Supply47358361676.6 beam
💰 Total Supply62615056183.5 beam

BEAM Current Market Status

According to CoinMarketCap, BEAM is hovering over $0.02309 at the time of writing, with a total of 47,351,513,874 BEAM in circulation. BEAM has a 24-hour trading volume of $178,576,222, with a 143.85% increase. And during the past 24 hours, the price of BEAM increased by 8.45%. 

The most popular exchanges to trade BEAM are Binance, Uniswap, Bybit, Gate.io, and others. Let’s continue with our BEAM price research for 2024.

BEAM Price Analysis 2024

By market capitalization, BEAM ranks 63 on CoinMarketCap’s list of the biggest cryptocurrencies. Will BEAM’s most recent improvements, additions, and modifications help the BEAM price rise? First, let’s focus on the charts in this article’s BEAM price forecast.

BEAM Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

BEAM/USDT 45-minute Chart Showing Bollinger Bands (Source: TradingView)

Looking at the charts, the candlesticks were moving upward while trying to reach new highs. While trying to move upwards, the candlesticks resided in the top half of the band and broke through the upper band. However, after touching the upper band, the candesticks faced a fall as part of the price correction. 

BEAM Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

BEAM/USDT 45-minute Chart Showing RSI (Source: TradingView)

The RSI is currently valued at 45.54, which is a massive decrease in value after it had reached the overbought region earlier. After making a bearish cross, the RSI fell deeper, way below the 50 level, which could indicate that the price may continue to fall for a long time. It should be noted that a fall in RSI is a normal reaction to its residence in the overbought region. 

BEAM Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

BEAM/USDT 45-minute Chart Showing MACD (Source: TradingView)

The red bars forming on the histogram highlight a slight bear trend in the market. Although the previous indicators stated it was a price correction, the MACD points out clearly that the bears may have sneakily entered the market as a form of price correction. If the short-term doesn’t turn immediately, there may be a chance that the candlesticks could continue to fall, dropping their value even further. 

BEAM Price Prediction 2024

BEAM/USDT 45-minute Chart Showing MACD (Source: TradingView)

The candlesticks were moving upward continuously as they continued to reach new highs for the day. However, it seems the candlesticks reached their highest peak as they entered the overbought region. When assets enter an overbought region, a retracement is expected to take place.

Similarly, BEAM also faced a retracement. However, the retracement may be short term as it could have happened to retrace its step back in the linear trend. Meanwhile, the Bull vs. Bear indicator indicates that the bears are entering the market as the BEAM is dipped in the red world. Traders should also note that the short term trends in the market make it difficult to determine whether the bulls or bears are reigning.

BEAM Price Prediction 2025

BEAM could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BEAM will continue to rise in 2025, forming new resistance levels. It is expected that BEAM will trade beyond the $1.22 level.

BEAM Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, BEAM could tumble into its support regions. However, when BEAM remains in the oversold region, there could be a price correction soon. BEAM, by the end of 2026, could be trading beyond the $0.98 resistance level after experiencing the price correction.

BEAM Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. BEAM is expected to rise after its slumber in the bear season. Moreover, BEAM could even break more resistance levels as it continues to recover from the bearish run. Therefore, BEAM is expected to trade at $2.046 by the end of 2027.

BEAM Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, BEAM will continue to form new higher highs and is expected to move on an upward trajectory. Hence, BEAM would be trading at $4.857 after experiencing a massive surge by the end of 2028. 

BEAM Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, BEAM could be trading at $4.961 by the end of 2029.

BEAM Price Prediction 2030

After witnessing a bullish run in the market, BEAM and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, BEAM could be trading at $4.538.

BEAM Price Prediction 2040

The long-term forecast for BEAM indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, BEAM may face a slight fall before starting its upward journey once again. It is expected that the average price of BEAM could reach $15.376 by 2040.

BEAM Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, BEAM could surpass the resistance level of $26.821.

Conclusion

To summarize, if investors continue to show interest in BEAM and add these tokens to their portfolio, then it could continue to rise. BEAM’s bullish price prediction shows that it could pass beyond the $0.452 level in 2024. Moreover, BEAM could surpass the $26.821 level by the end of 2050. 

FAQ

What is BEAM?

According to the document, Beam is highlighted as a gaming blockchain, providing an ecosystem for gamers and developers to reshape the future of the gaming industry. It is a community-driven chain, giving gamers and developers a unique opportunity to experience the best blockchain gaming experience with Beam’s powerful and flexible solution.

Can BEAM reach $1?

If BEAM manages to break above the present momentum, then it has the potential to hit $1 by 2025.

How do I store BEAM?

BEAM can be stored in a hot wallet, a cold wallet, or an exchange wallet. 

What will be the BEAM price in 2024?

BEAM is expected to reach $0.452 by 2024.

What will be the BEAM price in 2025?

BEAM is expected to reach $1.22 by 2025.

What will be the BEAM price in 2026?

BEAM is expected to trade beyond the $0.98 level.

What will be the BEAM price in 2027?

BEAM is expected to reach $2.046 by 2027.

What will be the BEAM price in 2028?

BEAM is expected to reach $4.857 in 2028.

What will be the BEAM price in 2029?

BEAM is expected to reach $3.96 by 2029.

What will be the BEAM price in 2030?

BEAM is expected to reach $4.538. by 2030.

What will be the BEAM price in 2040?

BEAM is expected to reach $15.376 by 2040.

What will be the BEAM price in 2050?

BEAM is expected to trade beyond the $26.821 resistance level.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Whale Selling Activity Alert: BLUR Faces Price Drop of 7.05%

https://coinedition.com/whale-selling-activity-alert-blur-faces-price-drop-of-7-05/

  • BLUR is trading at its intraday low of $0.4851 after witnessing a downfall of 7.05% in one day.
  • Lookonchain noticed a lot of selling activity from whales and institutional investors, totaling 16.5 million BLUR.
  • BLUR’s price correction may be moving in falling wedge pattern in an uptrend market.

Waking up to today’s trading floor, analysts and traders have noticed a significant drop in BLUR’s prices. According to CoinMarketCap, BLUR is trading at its intraday low of $0.4851 after witnessing a downfall of 7.05% in one day.

BLUR, valued at $0.4845, continues to move downward while making a brief attempt to escape this bear trap. Furthermore, the 39.40% tumble in BLUR’s trading volume could indicate a shift in investor sentiment and a slowdown in market activity.

Lookonchain, an on-chain market analytical platform, noticed a lot of selling activity from whales and institutional investors, totaling 16.5 million BLUR. Highlighting the selling activity of these whales, the platform reported that a whale deposited the airdropped 2.54 million BLUR to Binance. At the time of reporting, it was estimated that 2.54 million BLUR were valued at $1.26 million. 

Moreover, Mandala Capital deposited 2.76 million BLUR to OKX while facing a loss valued at approximately $100,000. Another whale, “0x68b5”, withdrew 3.31 million BLUR from Binance between November 25 and 29. After transferring it to Binance in the last two days, the whale made a loss of approximately $65K. 

Five wallets also received BLUR from Coinbase Custody and deposited it into exchanges through Wintermute, with a total of 8.24 million BLUR valued at approximately $4.12 million. These subsequent whale-selling transactions may have caused the bears to overpower the bulls.

BLUR/USDT 1-Day Chart (Source: TradingView

Looking at the chart above, it seems that the candlesticks may be moving in a falling wedge pattern in an uptrend. The large green candlestick and subsequent price correction red candlesticks are two of the most common patterns observed by analysts.

However, it is still too early to confirm whether a falling wedge may happen or whether the breakout will be bullish or bearish. Since the previous uptrend was heavily influenced by buyers, as seen through the RSI indicator, there may be a chance that the candlesticks could continue to fall for some time.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC’s Indicators Continue to Signal Bullish; Will Bitcoin Break Beyond $50K?

https://coinedition.com/btcs-indicators-continue-to-signal-bullish-will-bitcoin-break-beyond-50k/

  • With the Fear and Greed Index showing extreme greed signals, BTC is moving closer to the $45K mark.
  • Santiment reported that the number of existing 100+ BTC wallets has correlated tightly with this price climb.
  • Ichimoku Cloud confirms bullish sentiment as BTC’s green candlesticks continue to grow.

With the Fear and Greed Index showing extreme greed signals, BTC is moving closer to the $45,000 mark as level traders and analysts are keenly observing its momentum. Bitcoin is currently priced at $43,858.22 after experiencing a surge of 5.17% in 24 hours. At the time of writing, the king of cryptocurrencies was able to record a 15.27% spike after continuously experiencing surges daily. 

Santiment, a market intelligence platform, reported that BTC has reached the $44K mark today. Moreover, the platform highlighted, “The amount of existing 100+ BTC wallets have correlated tightly with this price climb.” Looking at the chart provided by Santiment, it highlights that by early to mid-November BTC whale wallets shrank; however, the prices continued to rise.

The market intelligence platform pointed out that 48 of the whale wallets have returned in the past 4 weeks as BTC has maintained steady growth, crossing several resistance levels. Some analysts predict that $44K or $45K won’t be the last stop that BTC could achieve. In fact, few analysts have observed the monthly BTC chart showing similar sentiment to its past and may touch the $50K threshold soon before the halving event.

Looking at the BTCUSD 1-Day chart, the green candlesticks formed broke through several resistance levels. Additionally, the Ichimoku indicator shows a completely positive signal. For instance, the candlesticks are trading about the green cloud signal, which confirms an uptrend in the market.

Meanwhile, the green candlesticks continued to form, which increased the distance from the baseline, which is another bullish signal. Although the conversion line and baseline touched in the past, they fortunately never crossed. Had they crossed, it could have been a frightening bearish signal. 

Currently, the conversion line still maintains a distance from the baseline, further affirming that the bull trend prevails. With the extreme greed market sentiment and continued bull trend confirmations, BTC has the potential to easily surge more than 2% and break above $45,000.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Binance CEO Richard Thwarts Questions, “Why Do You Feel So Entitled to Those Answers?

https://coinedition.com/binance-ceo-richard-thwarts-questions-why-do-you-feel-so-entitled-to-those-answers/

  • Richard Teng remained defensive and refused to answer the questions properly in his first public interview
  • Additionally, he thwarted the questions by stating, “Is there a need for us to share all of this information publicly? No.”
  • Teng failed to share the location of Binance’s global headquarters and the firms involved in the audit process

Richard Teng, the new CEO of Binance, refused to share crucial and simple information about the crypto exchange and remained defensive in his first public interview when questioned by Financial Times digital correspondent and moderator Scott Chipolina. At the FT Crypto and Digital Assets Summit in London, Teng dismissed the questions by asking, “Why do you feel so entitled to those answers?” 

Based on the reports, Richard Teng further justified the fact that the company provides the necessary information to regulators. Additionally, he thwarted the questions by stating: 

Is there a need for us to share all of this information publicly? No.

One of the main questions Richard Teng failed to answer was the location of Binance’s global headquarters. Apart from not revealing the location of the global headquarters, …

The post Binance CEO Richard Thwarts Questions, “Why Do You Feel So Entitled to Those Answers? appeared first on Coin Edition.

Gas (GAS) Price Prediction 2023-2030: Will GAS Price Hit $100 Soon?

https://coinedition.com/gas-price-prediction/

  • The bullish GAS price prediction ranges from $42.985 to $51.336.
  • GAS price might also reach $62 in 2023.
  • GAS’s bearish market price prediction for 2023 is $0.926.

Neo has made its mark in the crypto industry with its diverse features and services. As investor demand for Neo continues to spike, developments can be seen throughout the network. At the same time, GAS has become a key token on several investor watchlists. As interest increases for this token, the community will be curious about GAS and its prices in the future.

If you are interested in learning about GAS’s price analysis and forecast for the years 2023, 2024, 2025, 2026, 2027, and until 2050, read this Coin Edition price prediction article.

GAS Market Overview

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What Is GAS?

In the Neo network, GAS, aka the utility token of the Neo blockchain, is used as a form of payment to charge for the operation and storage of tokens and smart contracts. Based on the documents, this is done so as to prevent the “abuse of node resources.” It has been pointed out that system fees will be burned while network fees are redistributed to consensus nodes. It is expected that this would create an economic incentive for their services.

Reportedly, it is noted that among the five gas tokens generated per block, they are distributed into three parts. Around 80% will be split between successful voters, while the remaining 20% will be distributed equally among all NEO holders and the 21 members of the Neo council. 

Furthermore, the largest portion of GAS is distributed to voters as a reward for playing an active role in network governance. For those who wish to partake, NEO holders need to ensure they choose a wallet that supports voting. 

GAS Current Market Status

At the time of writing, GAS is now trading at $9.83 with a total market capitalization of 

$593,744,860. GAS sits in 78th place on CoinMarketCap in terms of market capitalization. Moreover, there has been a price surge of 10.93% in the past 24 hours. GAS’s 24-hour trading volume is $515,546,187 with a spike of 339.95%. GAS can be traded on major cryptocurrency exchanges such as Binance, Gate.io, KuCoin, Crypto.com, OKX, and ProBit Global.

GAS Price Analysis 2023

Will GAS’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect GAS’s sentiment over time? Read more to find out about GAS’s 2023 price analysis.

GAS Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

GAS/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)

The bands have expanded extremely, which may have been caused by the massive green candlesticks formed during the trading activity. However, after touching the upper band, the candlestick fell to the bottom half of the Bollinger Bands. The price correction that happened recently could indicate that the market would become stable once again.

GAS Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

GAS/USDT 1-Day Chart Showing RSI (Source: TradingView)

The RSI is currently valued at 51.26 after falling from the overbought region. Earlier, the RSI made a bullish cross and shot up to the overbought region. However, after being a short-time residence of the overbought market, the indicator dropped down immediately after a bearish cross. It looks like a bullish cross will happen soon, as the RSI has already touched the SMA.

GAS Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

GAS/USDT 1-Day Chart Showing MACD (Source: TradingView)

The MACD also highlights the recent uptick event of GAS, as green abrs were forming on the histogram of the indicator. Moreover, the MACD line reached a peak during the overbought trading activity. However, immediately, the MACD line made a bearish cross and fell down. The red bars are also forming, signifying the presence of the bears. 

GAS Price Prediction 2023

GAS/USDT 1-Day Chart (Source: TradingView)

The recent upticks observed in the chart highlight that the previous price actions were somewhat stable when compared to the current price. It seems that a sudden trigger from the pump may have caused the price to break through several resistance levels. However, the pump was somewhat short lived as immediately a red candlestick formed, pulling the altcoin down. Although the bulls are still in power, there may be a chance that their reign could end soon. Traders need to wait for more signals before confirming the trade.

Meanwhile, the price prediction of GAS for 2023 remains bullish and is expected to reach beyond the level of $42.985. The bearish price prediction range for GAS is between $0.926 and $0.354. However, if GAS experiences an extremely bullish sentiment, then it would cross the $62 threshold.

Bullish Price PredictionBearish Price Prediction
$42.985-$51.336$0.926-$0.354

GAS Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. GAS could also be affected by Bitcoin halving and could trade beyond the price of $59.93 by the end of 2024.

GAS Price Prediction 2025

GAS could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, GAS will continue to rise in 2025, forming new resistance levels. It is expected that GAS will trade beyond the $63.49 level.

GAS Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, GAS could tumble into its support region of $55.25. Moreover, when GAS remains in the oversold region, there could be a price correction soon. GAS, by the end of 2026, could be trading beyond the $66.94 resistance level after experiencing the price correction.

GAS Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. GAS is expected to rise after its slumber in the bear season. Moreover, GAS could even break more resistance levels as it continues to recover from the bearish run. Therefore, GAS is expected to trade at $69.84 by the end of 2027.

GAS Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be another Bitcoin halving. Like many altcoins, GAS will continue to form new higher highs and is expected to move on an upward trajectory. Hence, GAS would be trading at $76.58 after experiencing a massive surge by the end of 2028.

GAS Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, GAS could be trading at $79.02 by the end of 2029.

GAS Price Prediction 2030

After witnessing a bullish run in the market, GAS and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, GAS could be trading at $81.46.

GAS Price Prediction 2040

The long-term forecast for GAS indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, GAS may face a slight fall before starting its upwar journey once again. It is expected that the price of GAS could reach $156.729 by 2040.

Minimum PriceAverage PriceMaximum Price
$155.022$155.472$156.729

GAS Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, GAS could surpass the resistance level of $47.454.

Minimum PriceAverage PriceMaximum Price
$263.746$264.387$266.856

Conclusion

To summarize, if investors continue to show interest in GAS and add these tokens to their portfolio, then it could continue to rise. GAS’s bullish price prediction shows that it could pass beyond the $51.336 level in 2023. Moreover, GAS could surpass the $266.856 level by the end of 2050. 

FAQ

What is GAS?

Immutable X claims that its blockchain overcomes Ethereum’s disadvantages, such as limited scalability, a bad user experience, illiquidity, and a sluggish development experience. Instead, users enjoy fast trading and vast scalability, as well as 0% gas expenses for minting and trading NFTs, without jeopardizing user or asset security. Immutable X is constructed using the STARK zk-rollups to do this, a technique that Vitalik Buterin believes Ethereum is “all-in.”

How do you buy GAS tokens?

GAS can be traded on many exchanges, like other digital assets in the crypto world. Binance, OKX, Kraken, KuCoin, Coinbase, and Bitstamp are currently some of the popular exchanges for trading GAS. 

How do I store GAS?

GAS can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the price of GAS in 2023?

GAS is expected to reach $51.336 in 2023.

What will be the price of GAS in 2024?

GAS is expected to reach $59.93 in 2024.

What will be the price of GAS in 2025?

GAS is expected to reach $63.49 in 2025.

What will be the price of GAS in 2026?

GAS is expected to reach $66.94 in 2026.

What will be the price of GAS in 2027?

GAS is expected to reach $69.84 in 2027.

What will be the price of GAS in 2028?

GAS is expected to reach $76.58 in 2028.

What will be the price of GAS in 2029?

GAS is expected to reach $79.02 in 2029.

What will be the price of GAS in 2030?

GAS is expected to reach $81.46 in 2030.

What will be the price of GAS in 2040?

GAS is expected to reach $156.729 in 2040.

What will be the price of GAS in 2050?

GAS is expected to reach $266.856 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Coin Edition Exclusive: Navigating Through Web3 Cosmos With STORM Partners’ Sheraz Ahmed

https://coinedition.com/coin-edition-exclusive-navigating-through-web3-cosmos-with-storm-partners-sheraz-ahmed/

Web3 has come a long way since its initial introduction to the world. One of the most difficult challenges pointed out by several analysts turned out to be the community’s transition from Web2 to Web3. While some individuals gradually turn their heads towards Web3’s features, attracted by its diverse features and potential, they still remain confused about their entry into this revolutionary realm.

Today, Sheraz Ahmed, the Managing Partner of STORM Partners, talks to Coin Edition about Web3’s journey over the years. Throughout his career journey, Ahmed had an insightful understanding of innovation. Apart from being the managing partner of STORM Partners, he has also acted as a leader and mentor, guiding hundreds of ground-breaking startups regarding their implementation of modern practices to further their business objectives.

In this exclusive interview, Ahmed also explains the future developments and current trends of the blockchain industry and advises users on how to navigate through this ever-evolving industry. Ahmed also lists the different strategies STORM has planned to boost the blockchain industry.

  1. As someone who has been actively participating in crypto summits, including the recent Cardano Summit, could you share your perspective on the significance of these gatherings within the blockchain industry? Why do you believe it’s essential for professionals and enthusiasts to come together at events like these, and what value do they bring to the broader crypto community?

Absolutely! Crypto summits, particularly events like the Cardano Summit, serve as crucial junctions for the blockchain community. They allow professionals, enthusiasts, and industry leaders to converge, fostering collaboration and knowledge exchange.

These gatherings are more than just conferences; they are epicenters of innovation and serve as catalysts for pushing new concepts of what blockchain can achieve. The networking opportunities alone are invaluable, allowing individuals to form partnerships, share insights, and collectively envision the industry’s future.

  1. Transitioning from a long reliance on Web2 to embracing Web3 can pose challenges. How do you recommend individuals navigate and harness the features of Web3, considering the potential difficulties of this transition?

The transition from Web2 to Web3 is indeed a paradigm shift and requires a strategic approach. Firstly, individuals should prioritize education to understand the principles and capabilities of Web3. This includes grasping concepts like decentralization, smart contracts, and blockchain governance.

Next, hands-on experience is crucial. For instance, actively engage with decentralized applications (DApps) and blockchain projects like those within the Cardano ecosystem to gain practical insights. Collaborate with the community; Web3 is inherently about collective efforts.

Lastly, be adaptable. The technology is evolving rapidly, and flexibility is key. Embrace the learning curve, and view challenges as opportunities for growth. The hurdles in transitioning to Web3 outweigh the potential for a more inclusive, transparent, and efficient digital landscape.

  1. In one of your LinkedIn posts, you emphasized the need for guidance rather than enforcement in the Web3 space. How should governments and regulatory authorities, in your opinion, provide guidance to foster positive growth in the blockchain industry?

Governments and regulatory authorities play a pivotal role in shaping the trajectory of the blockchain industry. However, a collaborative and adaptive regulatory approach is essential instead of rigid enforcement.

Establishing open lines of communication with industry stakeholders, including blockchain businesses and experts, is crucial. Regulatory experiments can be created within defined parameters, fostering innovation while maintaining oversight.

Additionally, education initiatives for regulators to understand the intricacies of blockchain technology can facilitate informed decision-making. Striking a balance between protecting consumers and enabling innovation is key, and this can be achieved through a consultative and iterative regulatory process.

  1. As an expert in the blockchain industry, what are the steps that one should follow while starting a blockchain network, especially since it keeps evolving? How does one determine what features are required for their particular blockchain network?

The most important factor in creating a blockchain network is that it has tangible use cases. Start by clearly defining its goals and the challenges that it aims to tackle. Assess the most suitable consensus mechanism and scalability measures based on the intended use while actively engaging with the wider community and users for feedback to address existing challenges.

Flexibility is key; design the network with scalability in mind to adapt to future growth and technological advancements. Regularly evaluate the changing landscape and be ready to adjust the network accordingly. Collaborate with experts and stakeholders to determine optimal features tailored to the specific needs of the blockchain network.

  1. Given the continuous evolution of blockchain technology, how would you advise individuals to stay informed about these advancements? Additionally, could you provide insights on how STORM will contribute to helping individuals keep up with the latest developments in blockchain technology?

Staying informed in the high-speed blockchain space requires a keen interest and commitment; this way, staying informed from reputable industry news sources, participating in forums, reading whitepapers, and watching explainers on YouTube eventually become second nature.

Continuous learning through webinars, conferences, and workshops is the best way, as you get to learn from industry leaders in person and be privy to information and insights not yet available online.

At STORM Partners, our commitment to education and community building is paramount. We will actively organize and participate in events, share insights through thought leadership, and provide educational resources to ensure individuals can access the latest developments. STORM Partners aims to cultivate education by fostering a collaborative and informed community.

  1. As a seasoned professional in the blockchain industry, what are your insights and predictions regarding the future developments and trends we might witness in the blockchain space? What are the future plans that STORM will implement to boost the blockchain industry?

Anticipating heightened integration with emerging technologies such as AI, we foresee pushing the limits of data management and efficiency within the blockchain space. Our pivotal focus will be on interoperability, fostering collaboration among diverse blockchain networks.

At STORM, our future initiatives entail leading efforts to facilitate this collaboration, either through forging strategic partnerships or assisting our clients in pioneering technological innovations.

As a blockchain solutions provider, we are dedicated to advancing the mainstream adoption of blockchain by championing transparency, decentralization, and community-driven development. The path forward involves navigating unexplored territories, and at STORM, our commitment is to be at the forefront of shaping the future of the blockchain industry alongside our clients.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Kaspa (KAS) Price Prediction 2023-2030: Will KAS Price Hit $1 Soon?

https://coinedition.com/kaspa-kas-price-prediction/

  • The bullish Kaspa (KAS) price prediction ranges from $0.3908 to $0.4517.
  • KAS price might also reach above $0.8317 in 2023.
  • KAS’s bearish market price prediction for 2023 is $0.000753.

With cryptocurrency garnering the world’s attention, the demand for this revolutionary technology will continue to rise as the community seeks more diverse features. Kaspa, a decentralized Layer-1, is one such network that claims to be “the fastest” and “most scalable.” Furthermore, with the upcoming developments and listings, traders might be interested in Kaspa.

If you are interested in the future of KAS and want to know its predicted value for 2023, 2024, 2025, and until 2050, keep reading!

Kaspa (KAS) Market Overview

🪙 NameKaspa
💱 Symbolkas
🏅 Rank#27
💲 Price$0.13801
📊 Price Change (1h)0.93642 %
📊 Price Change (24h)-3.13155 %
📊 Price Change (7d)67.01231 %
💵 Market Cap$2982244419
📈 All Time High$0.152699
📉 All Time Low$0.00017105
💸 Circulating Supply21601173107 kas
💰 Total Supply21601263800.5 kas

What is Kaspa (KAS)?

According to the wiki documents for Kaspa, Kaspa is a proof-of-work cryptocurrency that implements the PHANTOM GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel but rather allows them to coexist and orders them in consensus. Kaspas blockchain is a blockDAG, allowing users to see GHOSTDAG in action through a blockDAG visualizer. 

Apart from the BlockDAG feature, Kaspa claims to provide features such as: fastest transactions, instant confirmations, scalability, and security. To provide an efficient Proof-of-Work, Kaspa uses the optical-mining-ready kHeavyHash algorithm for consensus and security of the network. Reportedly, the algorithm, combined with high-throughput DAG and no-wasted-blocks, ensures that it is less energy intensive than other PoW networks. 

Kaspa (KAS) Current Market Status

According to CoinMarketCap, KAS is hovering over $0.1377 at the time of writing, with a total of 21,599,328,435 KAS in circulation. KAS has a 24-hour trading volume of $131,181,823, with a 3.82% fall. And during the past seven days, the price of KAS increased by 68.76%. 

The most popular exchanges to trade KAS are KuCoin, Gate.io, Bybit, Bitget, and MEXC. Let’s continue with our KAS price research for 2023.

Kaspa (KAS) Price Analysis 2023

KAS ranks 119 on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will KAS’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this KAS price prediction article.

Kaspa (KAS) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

KAS/USD 1-Day Chart Showing Bollinger Bands (Source: TradingView)

By mid-October, the candlesticks had climbed up to the top-half region of the Bollinger Bands. Moreover, the candlesticks started to hit the upper band of the Bollinger band. Normally, the traders see this as an overbought trading activity. There may be a chance that a retracement could happen soon. Furthermore, the expansion of bands is another sign that the market is very volatile.

Kaspa (KAS) Price Analysis – Relative Strength Index (RSI) 

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

KAS/USD 1-Day Chart Showing RSI (Source: TradingView)

The candlesticks are continuously making massive spikes as they are continuously breaking resistance levels. The RSI also confirms that the candlesticks’s spikes are highly influenced by buyer demand. The RSI is currently valued at 81.05. However, there are signs that the RSI could fall soon, as it made a bearish crossover. This is one of the signals that claim that a retracement could happen soon.

Kaspa (KAS) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.

KAS/USD 1-Day Chart Showing MACD (Source: TradingView)

The green bars in the histogram further confirm the bullish sentiment in the market. Moreover, the MACD line continues to move upwards, a similar trend to candlestick price action. However, there may be a chance that the distance between the MACD line and the signal line will reduce. If the distance reduces, there is a chance for a bearish crossover to happen.

Kaspa (KAS) Price Prediction 2023

KAS/USD 1-Day Chart (Source: TradingView)

Looking at the KAS/USD 1-Day Chart, the long green candlesticks observed in the chart helped KAS break through several resistance levels and reach an all time high. Several indicators also confirmed that the candlesticks and spikes were caused by traders overbuying activity. Although the bulls seem to be reigning in the market, there may be a few corrections that could happen in the following days. Moreover, it is not yet confirmed whether these corrections could pull KAS into a downtrend period. For traders looking to make an entry, they need to wait for the correction to happen near 30% or 40%.

Meanwhile, the forecast for KAS remains bullish and is expected to reach beyond the level of $0.3908 to $0.4517. The bearish price prediction for KAS ranges from $0.00226 to $0.000753. However, on the off chance that KAS experiences an extremely bullish sentiment again, there is a high possibility that it will trade beyond the level of $0.8317.

Bullish Price PredictionBearish Price Prediction
$0.3908 – $0.4517$0.00226 – $0.000753

Kaspa (KAS) Price Prediction 2023 – Resistance and Support Level 

KAS/USD 1-Day Chart (Source: TradingView)

The chart clearly highlights the price action that KAS experienced in a short period of time. As mentioned above, if the candlesticks make a correction of at least 40%, then KAS could climb even further, forming new target levels and support levels. However, if KAS continued face correction by more than 40%, the forecasted final drop location would be around $0.59083. In an unpredictable scenario, the prices could also break the last resistance levels and continue to climb.

Kaspa (KAS) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. KAS could also be affected by Bitcoin halving and could trade beyond the price of $1.86 by the end of 2024.

Kaspa (KAS) Price Prediction 2025

KAS could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, KAS will continue to rise in 2025, forming new resistance levels. It is expected that KAS will trade beyond the $2.36 level.

Kaspa (KAS) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, KAS could tumble into its support region of $1.88. Moreover, when KAS remains in the oversold region, there could be a price correction soon. KAS, by the end of 2026, could be trading beyond the $2.11 resistance level after experiencing the price correction.

Kaspa (KAS) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. KAS is expected to rise after its slumber in the bear season. Moreover, KAS could even break more resistance levels as it continues to recover from the bearish run. Therefore, KAS is expected to trade at $2.46 by the end of 2027.

Kaspa (KAS) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be another Bitcoin halving. Like many altcoins, KAS will continue to form new higher highs and is expected to move on an upward trajectory. Hence, KAS would be trading at $3.29 after experiencing a massive surge by the end of 2028.

Kaspa (KAS) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, KAS could be trading at $3.64 by the end of 2029.

Kaspa (KAS) Price Prediction 2030

After witnessing a bullish run in the market, KAS and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, KAS could be trading at $3.53.

Kaspa (KAS) Price Prediction 2040

The long-term forecast for KAS indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, KAS may face a slight fall before starting its upward journey once again. It is expected that the price of KAS could reach $28.736 by 2040.

Minimum PriceAverage PriceMaximum Price
$27.037$27.575$28.736

Kaspa (KAS) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, KAS could surpass the resistance level of $43.934.

Minimum PriceAverage PriceMaximum Price
$43.323$43.774$43.934

Conclusion

To summarize, if investors continue to show interest in KAS and add these tokens to their portfolio, then it could continue to rise. KAS’s bullish price prediction shows that it could pass beyond the $0.4517 level in 2023. Moreover, KAS could surpass the $43.934 level by the end of 2050. 

FAQ

What is Kaspa (KAS)?

Kaspa is a proof-of-work cryptocurrency that implements the PHANTOM GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel but rather allows them to coexist and orders them in consensus. Kaspas blockchain is a blockDAG, allowing users to see GHOSTDAG in action through a blockDAG visualizer. 

How do you buy KAS tokens?

KAS can be traded on many exchanges, like other digital assets in the crypto world. KuCoin, Gate.io, Bybit, Bitget, and MEXC are currently some of the popular exchanges for trading KAS. 

How do I store KAS?

KAS can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the price of KAS in 2023?

KAS is expected to reach $0.4517 in 2023.

What will be the price of KAS in 2024?

KAS is expected to reach $1.86 in 2024.

What will be the price of KAS in 2025?

KAS is expected to reach $2.36 in 2025.

What will be the price of KAS in 2026?

KAS is expected to reach $2.11 in 2026.

What will be the price of KAS in 2027?

KAS is expected to reach $2.46 in 2027.

What will be the price of KAS in 2028?

KAS is expected to reach $3.29 in 2028.

What will be the price of KAS in 2029?

KAS is expected to reach $3.64 in 2029.

What will be the price of KAS in 2030?

KAS is expected to reach $3.53 in 2030.

What will be the price of KAS in 2040?

KAS is expected to reach $28.736 in 2040.

What will be the price of KAS in 2050?

KAS is expected to reach $43.934 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ORDI (ORDI) Price Prediction 2023-2030: Will ORDI Price Hit $100 Soon?

https://coinedition.com/ordi-price-prediction/

  • The bullish ORDI price prediction ranges from $59.814 to $63.273.
  • ORDI price might also reach $78.199 in 2023.
  • ORDI’s bearish market price prediction for 2023 is $1.592.

As several major crypto exchanges started to list ORDI, a BRC-20 token, it garnered the attention of diverse investors. With the massive spikes and surprising price movements, traders are now curious about the token’s future prices and the developments of this project.

If you are interested in the future of ORDI and would like to know the price analysis and price prediction of its token for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition price prediction article.

ORDI Market Overview

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What are Ordinals?

According to the handbook, Ordinals theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. It was also pointed out that the satoshis play an important role and are the “atomic, native currency” of the Bitcoin network. With Ordinals theory, satoshis are imbued with numismatic value, allowing them to be collected and traded as “curios.”

To simplify the concept, the Ordinals protocols will allow users to easily inscribe arbitrary content in each individual satoshi, which will create unique “Bitcoin-native digital artifacts.” These unique assets can be stored in wallets or transferred. Furthermore, it has been highlighted that the inscriptions are “durable, immutable, secure, and decentralized as Bitcoin itself.”  

Other than the inscription feature, there are other “unusual use-cases” such as off-chain colored-coins, public key infrastructure with key rotation, and a decentralized replacement for the DNS. It was pointed out in the handbook that these use cases are still “speculative and exist only in the minds of fringe ordinal theorists.”

ORDI Current Market Status

ORDI is ranked in the 85 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the ORDI is 21,000,000 ORDI, while its total supply is 21,000,000 ORDI. 

Moreover, ORDI is priced at $26.56, experiencing an 81.72% surge in seven days. With a market cap of $557,271,972, ORDI also witnessed a 22.49% rise in 24 hours. Moreover, ORDI is experiencing a rise in demand as the trading volume, valued at $425,132,786, experienced a spike of 30.94% in one day.

Some of the crypto exchanges for trading ORDI are currently Binance, Bybit, Gate.io, OKX, and KuCoin. 

Now, let’s dive further and discuss the price analysis of ORDI for 2023.

ORDI Price Analysis 2023

Will ORDI’s most recent improvements, additions, and modifications help its price to rise? Moreover, would the changes in the digital asset industry affect ORDI’s sentiment over time? Read more to find out about ORDI’s 2023 price analysis.

ORDI Price Analysis 2023 – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

ORDI/USDT 4-Hour Chart Showing Bollinger Bands (Source: TradingView)

Looking at the 4-hour chart, the candlesticks were trading in a somewhat stable market as the bands were quite narrow. However, with the sudden development of long green candlesticks, the market became highly volatile. Furthermore, the distance between the upper band and the lower band expanded, further confirming that the market’s volatility could continue to rise.

ORDI Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

ORDI/USDT 4-Hour Chart Showing RSI (Source: TradingView

The RSI is currently valued at 67.60 after residing in the overbought region for a short time. Meanwhile, in the past, the RSI confirmed that the initial green candlesticks formed in the chart were highly influenced by the large number of buyers in the market. This could be seen by RSI’s movement in the overbought region. If the RSI continues to fall, there is a high chance a bearish crossover may happen.

ORDI Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

ORDI/USDT 4-Hour chart (Source: TradingView)

The MACD moving upwards confirms that bullish sentiment still prevails in the market. Moreover, the green bars forming on the histogram also confirm that the market sentiment is positive. However, the distance between the MACD line and the signal line is still close and should be closely observed by the traders. If the distance between them reduces, there may be a high chance that a bearish cross will happen, signaling a bearish sentiment over the coming few days.

ORDI Price Prediction 2023

ORDI/USDT 4-Hour Chart (Source: TradingView

The Accumaltion/ Distribution Line also confirms that the sudden surge in the market has been caused by the huge number of purchases. The buyer’s influence seems to have pushed the token into a bullish sentiment, as indicated by the Bull vs. Bear Power. As the indicators previously mentioned indicate a bearish trend is possible, there may be a chance the sellers could take advantage of the current bullish market. If the sellers enter the market, then ORDI could fall down soon and the candlesticks could fall back to their support level. 

Meanwhile, the forecast for ORDI remains bullish and is expected to reach beyond the level of $59.814. The bearish price prediction for ORDI ranges from $1.592-$0.643. However, on the off chance that ORDI experiences an extremely bullish sentiment again, there is a high possibility that it will trade beyond the level of $78.199.

Bullish Price PredictionBearish Price Prediction
$59.814-$63.273$1.592-$0.643

ORDI Price Prediction 2023 – Resistance and Support Level

ORDI/USDT 4-Hour Chart (Source: TradingView)

Looking at the candlesticks, ORDI crossed several resistance levels with its recent massive surge. After conducting a thorough analysis of the sudden price surge, it has been revealed that the ORDI’s spike was caused by the sudden interest in the buyers. If the prices continue to rise, ORDI could break through several resistance levels, ultimately reaching new all-time highs in the future. 

ORDI Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. ORDI could also be affected by Bitcoin halving and could trade beyond the price of $103 by the end of 2024.

ORDI Price Prediction 2025

ORDI could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ORDI will continue to rise in 2025, forming new resistance levels. It is expected that ORDI will trade beyond the $132 level.

ORDI Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, ORDI could tumble into its support region of $129. Moreover, when ORDI remains in the oversold region, there could be a price correction soon. ORDI, by the end of 2026, could be trading beyond the $145 resistance level after experiencing the price correction.

ORDI Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. ORDI is expected to rise after its slumber in the bear season. Moreover, ORDI could even break more resistance levels as it continues to recover from the bearish run. Therefore, ORDI is expected to trade at $161 by the end of 2027.

ORDI Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be another Bitcoin halving. Like many altcoins, ORDI will continue to form new higher highs and is expected to move on an upward trajectory. Hence, ORDI would be trading at $188 after experiencing a massive surge by the end of 2028.

ORDI Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ORDI could be trading at $200 by the end of 2029.

ORDI Price Prediction 2030

After witnessing a bullish run in the market, ORDI and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, ORDI could be trading at $218.

ORDI Price Prediction 2040

The long-term forecast for ORDI indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, ORDI may face a slight fall before starting its upward journey once again. It is expected that the price of ORDI could reach $581 by 2040.

Minimum PriceAverage PriceMaximum Price
$579.35$579.66$581.17

ORDI Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ORDI could surpass the resistance level of $731.

Minimum PriceAverage PriceMaximum Price
$729.81$730.18$731.28

Conclusion

To summarize, if investors continue to show interest in ORDI and add these tokens to their portfolio, then it could continue to rise. ORDI’s bullish price prediction shows that it could pass beyond the $63.273 level in 2023. Moreover, ORDI could surpass the $731.28 level by the end of 2050. 

FAQ

What are Ordinals?

According to the handbook, Ordinals theory concerns itself with Satoshi, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. It was also pointed out that the Satoshi play an important role and are the “atomic, native currency” of the Bitcoin network.

How do you buy ORDI tokens?

ORDI can be traded on many exchanges, like other digital assets in the crypto world. Binance, KuCoin, Gate.io, OKX, and Bybit are currently some of the popular exchanges for trading ORDI. 

How do I store ORDI?

ORDI can be stored in a cold wallet, a hot wallet, or an exchange wallet.

What will be the price of ORDI in 2023?

ORDI is expected to reach $63.273 in 2023.

What will be the price of ORDI in 2024?

ORDI is expected to reach $103 in 2024.

What will be the price of ORDI in 2025?

ORDI is expected to reach $132 in 2025.

What will be the price of ORDI in 2026?

ORDI is expected to reach $145 in 2026.

What will be the price of ORDI in 2027?

ORDI is expected to reach $161 in 2027.

What will be the price of ORDI in 2028?

ORDI is expected to reach $188 in 2028.

What will be the price of ORDI in 2029?

ORDI is expected to reach $200 in 2029.

What will be the price of ORDI in 2030?

ORDI is expected to reach $218 in 2030.

What will be the price of ORDI in 2040?

ORDI is expected to reach $581 in 2040.

What will be the price of ORDI in 2050?

ORDI is expected to reach $731.28 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

10101.art Launches Platform for Fragmented Ownership of Masterpieces by Renowned Artists

https://coinedition.com/10101-art-launches-platform-for-fragmented-ownership-of-masterpieces-by-renowned-artists/

  • 10101.art will launch a new blockchain platform that allows users to own legendary physical art masterpieces.
  • Users have the opportunity to purchase ‘each piece’ by fragments using tokenized digital asset technology & exclusive legal structure. 
  • The art tokenization company also provides NFT owners with the opportunity to trade in international and NFT markets.

10101.art, an art tokenization company, will launch a new blockchain platform that allows users to own legendary physical art masterpieces created by popular artists such as Picasso, Dali, Banksy, Warhol, and many others. 

Users will be able to purchase ‘each piece’ as a fragment using tokenized digital asset technology. Each NFT will be assigned to these fragments, allowing ownership to be distributed among many individuals. Individuals holding a piece of this digital puzzle and a certificate attesting to their ownership rights to the actual physical object introduce a “novel dimension” to ownership, where co-ownership becomes predominant.

By utilizing blockchain technology, 10101.art guarantees that the ownership of a physical artwork is protected legally by the owner of the blockchain certificate. Additionally, blockchain technology will ensure all the information about the art pieces is transparent, creating a trustless and secure ecosystem for the art community. 

Explaining the core idea of 10101.art to Coin Edition, a representative of 10101.art stated:

10101.art emerges as a revolutionary force, offering an easy gateway to iconic artworks by masters like Banksy and Warhol, to those who once believed such pieces were unattainable.

10101.art’s team also expressed, “10101.art’s core proposition lies in enabling the transfer of ownership with just two clicks. This ensures that owning a physical artwork is both seamless and secure, thanks to blockchain technology that guarantees the transparency and provenance of each piece.” 

Furthermore, 10101.art also provides a platform for the NFT owners, where they have the “opportunity to sell with a low commission.” Moreover, these NFT owners can easily trade on international art and NFT markets with 10101.art.

 In addition to launching its ecosystem, all the paintings will be presented in the gallery, Monada Art. In related news, Monada Art has announced the official opening of its first location in DIFC, Dubai. 

When asked about why Dubai was selected as the first location, Alina Krot, the Head of the Project at 10101.art, expressed, “Dubai is already persistently pulling its weight as an international center of the art world.”

“We also consider it a center of attraction for a huge number of people with various business goals. Therefore, when the question arose of where it would be appropriate to open a gallery, we unanimously agreed that it should definitely be Dubai,” Alina Krot continued.

Although Dubai is their first location, Monada Art has begun preparations for the expansion of the collection and has decided to take the first steps to promote their international presence.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP Spikes 15%; Community Still Confused Whether ETF Filing True Or Not

https://coinedition.com/xrp-spikes-15-community-still-confused-whether-etf-filing-true-or-not/

  • It was reported that a “spokesperson” claimed the BlackRock filing on XRP was false.
  • XRP observed an almost 15% surge, then fell by 12% in a short span of time.
  • Community members and analysts still question whether the filing is true or not.

A recent filing for one of the largest asset managers, BlackRock fund on XRP was highlighted on the official Delaware website that registers investment trusts incorporated in the state. Bloomberg reported that a spokesperson from the asset manager confirmed it was “false.” Several analysts observed that XRP experienced more than a 15% surge over this “fake” filing.

Eric Balchunas, the senior ETF analyst for Bloomberg, also reported on X that this filing is “false.” He further emphasized that he had confirmed it with BlackRock’s spokesperson. However, despite this announcement by Balchunas, a few community members questioned whether this was true or not, asking for proof. In fact, one member asked Balchunas, “Please post the confirmation, given that it was text based.”

The senior ETF analyst for Bloomberg also noticed that people have been questioning whether BlackRock confirmed this is false. In response to this, Balchunas said, “They did. A spokesperson confirmed.” He also mentioned that the community members who are “still raging” need “to seek medical help.”  

In relation to the XRP ETF news, a crypto analyst, Cryptoinsightuk, also expressed, “I honestly have no idea what to believe at the minute. My gut tells me its fake news.” He also reminded the community that this felt similar to the fake BTC ETF news incident. In the end, he shared his analysis, claiming the indicators (RSI and Stochastic RSI) are in the oversold region.   

The surge XRP experienced was short-term as it fell back to its previous position. Analyst James Seyffart speculated that this “quick round trip” could attract the Feds. The final mystery that the community seems to ask is how did one file a fake entity?

Fred Rispoli, an analyst, shared his thoughts, stating, “Could someone file a fake entity? I’m only familiar with filing these in CA and AZ, and yes, I could easily file a fake entity on a real corporation commission website in those states. Maybe it’s hard to do in Delaware.”

So far, the BlackRock and Delaware website has not yet sent out an official statement regarding this matter. The only proof that claims that the XRP filing is false is from the “spokesperson” Balchunas has contacted. At the same time, there is still no proof that XRP’s filing is true.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Thrupenny (TPY) Price Prediction: Will TPY Reach $10 Soon?

https://coinedition.com/thrupenny-tpy-price-prediction/

  • Bullish TPY’s price prediction ranges from $2.012 to $3.910 in 2023.
  • TPY price might also reach $12.56 in 2024.
  • TPY’s bearish market price prediction for 2024 is $5.382 to $6.136.

As the crypto community continues to demand decentralization and DeFi, various projects have started to provide efficient solutions to meet the community’s interests. Thrupenny Protocol, a new DeFi ecosystem, plans to embrace the power of blockchain to offer a “smart investment system” for its users.  

During a recent competition, TPY was dubbed the “HTX PrimeVote #9 Champion” after it received 198,059,874 total rocket votes from the community. There may be a chance that once TPY gets listed on HTX, several traders will jump on the chance to purchase the tokens, triggering a bullish spike caused by the overbuying activity.

TPY, the native token of the Thrupenny Protocol, can be utilized for various purposes within the platform, such as lending and borrowing, staking and yield farming, governance, and more. As Thrupenny continues its mission to revolutionize the DeFi, there is a high chance that TPY’s price could be affected as time passes.

Before we analyze and forecast TPY’s price for 2023, 2024, and 2025 up to 2050, let’s first understand Thrupenny’s operations and how the platform hopes to achieve its mission of providing a “cutting-edge decentralized financial infrastructure.”

Thrupenny (TPY) Market Overview

🪙 NameThrupenny
💱 Symboltpy
🏅 Rank#
💲 Price$0.669569
📊 Price Change (1h)1.16105 %
📊 Price Change (24h)-7.07649 %
📊 Price Change (7d)10.00009 %
💵 Market Cap$0
📈 All Time High$0.980292
📉 All Time Low$0.208198
💸 Circulating Supply0 tpy
💰 Total Supply1000000000 tpy

What is Thrupenny (TPY)?

Described as the “new DeFi ecosystem with a smart investment system,” Thrupenny has its own in-built Derivatives Decentralized Exchange and offers many DeFi solutions for the crypto community. One of the main goals of the Thrupenny Protocol is to revolutionize the DeFi sector by developing a decentralized financial infrastructure that offers transparency, accessibility, and trustlessness. 

Moreover, there are many solutions that Thrupenny Protocol contributes to the DeF sector such as Flash Loan Arbitage, Yield Farming, Fixed Interest Rates, Mitigate Overcollaterization, and Active Risk Management. Apart from these solutions, the Thrupenny Protocol also integrated the Arbitrage bot automation system, asset management system, Thrupenny DEX, smart interest rate system, and more.

The native token of the Thrupenny Protocol, TPY, has many utilities that could be used across its ecosystem. TPY can be used as collateral for the Thrupenny lending and borrowing platform. Moreover, users can earn rewards when they deposit and stake TPY in the platform’s staking pools. Users can also earn rewards when they participate in the yield farming pools. Finally, TPY holders can submit proposals and partake in voting as part of Thrupenny’s governance system.

Furthermore, TPY allows users access to Thrupenny’s premium features, such as higher lending and borrowing limits, community incentives and rewards, and increased reputation and trust within the Thrupenny community. TPY holders also gain exclusive access to products and services, as well as exclusive access to its premium features within its platform. 

Thrupenny (TPY) Current Market Status  

At the time of writing, TPY is now trading at $0.684 with a total market capitalization of $114,040,347. Moreover, there has been a spike of 4.26% in the past 24 hours. TPY’s 24-hour trading volume is $1,800,418 after it witnessed a 42.90% spike. 

Some of the crypto exchanges for trading TPY are currently XT.COM, LBank, and MEXC.

Now, let’s dive further and discuss the price analysis of TPY for 2023.

Thrupenny (TPY) Price Analysis 2023  

As Thrupenny aims to revolutionize the DeFi sector, will TPY catch the attention of potential investors and users? Moreover, would the changes in the DeFi sector affect TPY’s price over time? Read more to find out about TPY’s 2023 price analysis.

Thrupenny (TPY) Price Analysis 2023 – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The Bollinger Bands consist of upper and lower bands that can be used together, along with the middle line (simple moving average), to determine whether the price will rise or fall. 

The upper band of the BB is calculated by adding 2 times the standard deviations to the middle line, while the lower band is calculated by subtracting 2 times the standard deviation from the middle line. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. As such, the prices of the cryptocurrency, when the Bollinger bands are applied, should stay within the upper and lower bands 95% of the time.

TPY/USDT 1-Day Chart Showing Bollinger Bands (Source: LBank chart)

Recently, Bollinger Bands has expanded twice after TPY experienced high volatility in the market. TPY continued to stay in the upper band of the Bollinger band, which is considered an uptrend, during the first sign of high volatility in the market. The second expansion of the Bollinger Bands triggered TPY’s fall into the bottom half, which is considered the downtrend region.

Observing the earlier patterns, TPY would often experience a short-term period of low volatility in its market after experiencing high volatility. Since TPY already experienced low volatility, TPY has started to witness high volatility as the bands are expanding. This could create an opportunity for TPY to jump back into the upper bands. 

Moreover, TPY also reached the oversold region, which could be another confirmation that the altcoin could experience a trend reversal and reach the upper band. The current trajectory could lead TPY into the top half of the Bollinger Bands. 

Thrupenny (TPY) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. 

Traders have reported that occasionally the moving average could create false signals about the price momentum; however, the MACD plays an important role as it can confirm the trends and identify potential reversals.

Furthermore, there are two methods through which traders can speculate on the price’s momentum: the crossover method and the histogram method. In the crossover method, when the MACD line crosses above the signal line, the trend could change from a downtrend to a long trend. However, if MACD crosses below the signal line, this could indicate the start of a downtrend.

In the histogram method, the bars above the signal line indicate an uptrend. Meanwhile, the histogram bars below the signal line indicate a bearish trend.

TPY/USDT 1-Day Chart Showing Moving Averages Divergence Convergence (Source: LBank chart)

Looking at the MACD indicator, TPY has started to recover from its bearish fall. The MACD line is currently below the signal line, which is considered a bearish signal. However, the red bars have started to reduce, and the MACD line has traversed into the signal line’s path. There is a high possibility that the MACD line will be above the signal line, indicating that TPY’s bullish season will arrive soon. This cross between the MACD line and the signal line remains the recovery point for TPY.  

Thrupenny (TPY) Price Analysis – Moving Averages

TPY/USDT 1-Day Chart Showing Moving Averages (Source: LBank chart)

Looking at the charts, the candlesticks are currently trading above the 200MA and the 50MA. Traders often view this sentiment as a bullish sign, as the candlesticks could continue to go upwards. 

Moreover, there is a huge gap between the 50MA and the 200MA, indicating that it would take some time before a death cross could happen. Moreover, the gap between the 200 MA and the 50 MA continues to expand, indicating that TPY may continue to experience bullish sentiment. Currently, TPY shows a positive sign as the candlestick is near the 50 MA, indicating that it may soon climb up and move toward its resistance. 

Thrupenny (TPY) Price Prediction 2023-2050 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$0.5507$0.8726$7.81
2024$5.382$10.006$12.56
2025$9.728$28.279$46.83
2026$22.471$24.323$28.469
2027$25.667$27.281$31.271
2028$27.203$30.044$36.818
2029$31.385$34.193$41.218
2030$36.398$41.181$47.164
2040$69.73$73.80$77.12
2050$85.271$92.152$99.012

Thrupenny (TPY) Price Prediction 2023

TPY/USDT 1-Day Chart (Source: LBank chart)

Looking at the TPY/USDT chart, it highlights that the altcoin was experiencing overbuying trading activity in the market as the RSI and stochastic RSI almost crossed the overbought barrier. The candlesticks are currently swinging inside the Bollinger Bands region and continue to test the upper band several times.

Moreover, the candlesticks’ wicks have recently crossed above the 200 MA, often seen as a bullish signal by several traders. With future developments and bullish signals, there may be a chance that TPY could cross several resistance levels in the final months of 2023.

Meanwhile, the forecast for TPY remains bullish and is expected to reach beyond the level of $3.91. If TPY experiences extremely bullish behavior, then it could even reach the $7.81 level.

Bullish Price PredictionBearish Price Prediction
$2.012 – $3.910$0.4618 – $0.5507

Thrupenny (TPY) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. TPY could also be affected by Bitcoin halving and could trade beyond the price of $12.56 by the end of 2024.

Thrupenny (TPY) Price Prediction 2025

TPY could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, TPY would continue to rise in 2025, forming new resistance levels. It is expected that TPY would trade beyond the  $31.83 level.

Thrupenny (TPY) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, TPY could tumble into its support region of $22.47. Moreover, when TPY remains in the oversold region, there could be a price correction soon. TPY, by the end of 2026, could be trading beyond the $24.32 resistance level after experiencing the price correction.

Thrupenny (TPY) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. TPY is expected to rise after its slumber in the bear season. Moreover, TPY could even break more resistance levels as it continues to recover from the bearish run. Therefore, TPY is expected to trade at $31.27 by the end of 2027.

Thrupenny (TPY) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. TPY will continue to form new higher highs and is expected to move on an upward trajectory. Hence, TPY would be trading at $36.81 after experiencing a massive surge by the end of 2028. 

Thrupenny (TPY) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, TPY could be trading at $41.21 by the end of 2029.

Thrupenny (TPY) Price Prediction 2030

After witnessing a bullish run in the market, TPY and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, TPY could be trading at $47.16.

Thrupenny (TPY) Price Prediction 2040

The long-term forecast for TPY indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, TPY may face a slight fall before starting its upward journey once again. It is expected that the price of TPY could reach $77.12 by 2040.

Minimum PriceAverage PriceMaximum Price
$69.73$73.80$77.12

Thrupenny (TPY) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, TPY could surpass the resistance level of $89.012.  

Minimum PriceAverage PriceMaximum Price
$85.271$92.152$99.012

Conclusion

To summarize, if investors continue to show interest in TPY and add these tokens to their portfolio, then it could continue to rise as time passes. TPY’s bullish price prediction shows that it could pass beyond the $3.910 level. Moreover, TPY could surpass the $99.012 level by the end of 2050. 

FAQ

What is Thrupenny (TPY)?

Described as the “new DeFi ecosystem with a smart investment system,” Thrupenny has its own in-built Derivatives Decentralized Exchange and offers many DeFi solutions for the crypto community. One of the main goals of the Thrupenny Protocol is to revolutionize the DeFi sector by developing a decentralized financial infrastructure that offers transparency, accessibility, and trustlessness. 

How to buy TPY tokens?

TPY can be traded on many exchanges, such as XT.COM, LBank, and MEXC.

Are TPY tokens a good investment?

TPY has many features and focuses on revolutionizing the DeFi sector. This could increase demand from traders and potential investors, thus leading TPY to break through various resistance levels.

What is the maximum supply of TPY?

The maximum supply of TPY is 1,000,000,000.

What will be the price of TPY in 2023?

TPY is expected to reach $3.910 in 2023.

What will be the price of TPY in 2024?

TPY is expected to reach $12.56 in 2024.

What will be the price of TPY in 2025?

TPY is expected to reach $46.83 in 2025.

What will be the price of TPY in 2026?

TPY is expected to reach $28.46 in 2026.

What will be the price of TPY in 2027?

TPY is expected to reach $31.27 in 2027.

What will be the price of TPY in 2028?

TPY is expected to reach $36.81 in 2028.

What will be the price of TPY in 2029?

TPY is expected to reach $41.21 in 2029.

What will be the price of TPY in 2030?

TPY is expected to reach $47.16 in 2030.

What will be the price of TPY in 2040?

TPY is expected to reach $77.12 in 2040.

What will be the price of TPY in 2050?

TPY is expected to reach $99.012 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

FTX Unstaked 3.96M SOL and Transferred 750K SOL; Community Expects Bearish Season

https://coinedition.com/ftx-unstaked-3-96m-sol-and-transferred-750k-sol-community-expects-bearish-season/

  • Lookonchain reported that  FTX unstaked 3.96 million SOL two days ago and transferred 750,000 SOL to Binance and Kraken.
  • The crypto community was expecting the sell pressure to increase in the future.
  • RSI formed a bearish crossover, making the altcoin’s price to produce two new red candlesticks.

Lookonchain, a market analytics platform, recently reported on X that FTX unstaked 3.96 million SOL two days ago and transferred 750,000 SOL to Binance and Kraken. At the time of reporting, Lookonchain estimated that the value of 750,000 SOL was approximately $30 million. It seems that the comment section was flooded with the crypto community anticipating sell pressure and the end of the bull season in the SOL market.

On November 3, Lookonchain also pointed out that FTX had transferred a total of 1.1 million SOL, valued at approximately $42.35 million. FTX also transferred 7,183 ETH, which was approximately $12.9 million. Overall, it was reported on that day that FTX had transferred $221.7 million in crypto assets. However, despite the major sell-offs by FTX, it has been reported that SOL experienced a double-digit surge of 19.12% in seven days. 

Even now, SOL, Solana’s native token, still maintains a 16%+ spike in the market over the seven day period and remains to trade above $40.  However, observing the one-day chart, SOL witnessed a fall of 3.42%, according to CoinMarketCap. At the reported time, Solana was changing hands at $40.37.

The trading volume was valued at $900,291,525, after making a tumble of 8.06% in 24 hours. This negative presence of trading volume is often viewed as an indication that the trader’s interest and demand for this particular altcoin may be diminishing. Meanwhile, the market capitalization of SOL is valued at $16,958,785,373, placing it in the seventh position based on market capitalization.

SOL/USDT 1-Day Chart (Source: TradingView)

Looking at the SOL/USDT 1-day chart, the candlesticks were tightly hugging the upper bands of the Bollinger Bands for a long time. However, recently, the RSI formed a bearish crossover, making the altcoin’s price produce two new red candlesticks.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.