The Bitcoin halving event has taken the whole market by storm and people are trying to find its impact on other currencies. A lot of people anticipate that the market may get a sleeper hit due to this event. But then there is Bitgert’s BRISE coin that has been defying all the odds since the launch.
The post Bitcoin’s Memecoin – PUPS Rises As A New Contender In The Meme Coin Arena appeared first on Coinpedia Fintech News Happy Bitcoin halving day! The fourth Bitcoin halving has affected altcoins, pushing them to a similar surge and gathering interest from investors worldwide. This year, the meme coin segment has witnessed a surge in activity, with established players like Dogecoin and Shiba Inu commanding attention alongside emerging contenders like PEPE and dogwifhat. However, who would have thought a Bitcoin-based meme coin? That’s right! PUPS (Ordinals), a layer-2 Bitcoin project has signalled a potential shift in the meme coin ecosystem. Let’s take a look at the new frontrunner. Whales’ Strategic Move Amidst the hype surrounding meme coins, a notable transaction has piqued the interest of the crypto community. A prominent whale has redirected focus towards PUPS, swapping substantial holdings of BODEN and WIF for this emerging meme coin. Positioned as the first meme coin on the Bitcoin blockchain, PUPS has captured attention with its innovative approach and community engagement efforts. Endorsements from influential figures like trader Ansem have further fueled excitement surrounding PUPS, highlighting its potential for significant growth within the meme coin market. Recent price movements reflect growing investor interest, with PUPS experiencing a surge in both price and trading volume. Additionally, other BRC-20 Ordinals tokens have seen notable gains, indicating a broader trend within the cryptocurrency sector. It is a significant sign showing growing confidence in PUPS and sparks speculation about investors’ evolving strategies in the meme coin space. As PUPS gains momentum, investors are closely monitoring its performance and long-term prospects. Bitcoin Runes Protocol The upcoming Runes protocol, developed by Bitcoin developer Casey Rodarmor, is poised to revolutionize meme coins by leveraging the Bitcoin network’s capabilities. With enhanced efficiency and security, Runes offers a compelling alternative for meme coin traders and enthusiasts. Rodarmor’s endorsement of Runes further solidifies its position as a legitimate contender in the cryptocurrency space. In Conclusion As PUPS and the Runes protocol gain traction, the meme coin landscape is undergoing significant transformation. With innovative projects like PUPS leading the way, the future of meme coins appears promising, offering new opportunities for investors and shaping the evolving crypto ecosystem.
The post Bitcoin Halving Impact On Top BRC-20 Tokens! What To Expect This Month? appeared first on Coinpedia Fintech News The crypto industry completed its 4th Bitcoin Halving on 20th April, initially reducing the mining reward to 3.125 from 6.250. Further, the market leader, Bitcoin price, has displayed an uptrend of just over 3% post-halving. With this, the market sentiments are constantly rising and are expected to record a new high soon. This could result in the crypto industry experiencing a bull rally within the upcoming months. Is this the right time to invest in BRC-20 tokens to maximize your profits? Ordi (ORDI): The Ordi price traded between $50.675 and $84 in a consolidated range for the first three months of the year, during this time, the price recorded significant fluctuation in the chart. However, following the recent price plunge in the crypto industry, the ORDI coin price broke down its crucial support level of $50.675. TradingView: ORDI/USDT Positively, the Ordi coin price has jumped approximately 5% post-halving. However, the category leader has recorded a correction of 25.39% within the past seven days, and its Year-to-Date (YTD) stood at -41.83% in valuation at the time of writing. The technical indicator, MACD, displays a constant decline in the chart, indicating a decrease in the selling pressure within the market with its averages showing a high possibility of a bullish convergence. If the market pushes the price above the resistance level of $50.675, the bulls will regain momentum and prepare to test its upper resistance level of $73.175 this month. Conversely, bearish price action may pull the price toward its low of $35. SATS (1000SATS): The bulls have successfully held the price above its crucial support level of $0.0000002535, resulting in the SATS price experiencing a bullish jump of 6% in value. Moreover, the SMA displays a high possibility of a bullish convergence in the 1D time frame, highlighting a bullish price action this month. The 1000SATS price recorded a neutral trend by trading in a closed range between $0.0000003845 and $0.0000005510 for the first two months. As the volatility in the market grew, the bulls recorded a jump of 72.50% before facing rejection at its upper level. TradingView: SATS/USDT Following this, the bulls lost momentum, erased all their gains, and recorded a YTD loss of approximately 64% in valuation. The Moving Average Convergence Divergence (MACD) shows a high possibility of a bullish convergence suggesting a bullish outlook for the altcoin in the coming time. Furthermore, its histogram displays a similar trend by recording a constant decline in the chart. If the bulls regain momentum, the SATS coin price will prepare to test its upper resistance level of $0.000000400. Conversely, if the bears overpowered the bulls, the SATS price would fall to test its support level of $0.0000002535. PUPS (Ordinals): The PUPS token had recorded a massive price action by recording an ATH of $452.66 within a few hours of its launch. However, the market lost momentum resulting in this ordinals token recording a correction of 92.66%. This resulted in the PUPS price recording an ATL of $33.09 within 24 hours of its launch. TradingView: PUPS/USDT Since then, the price has displayed a constant fluctuation in its chart by trading in a consolidated range between $43.45 and $70.97. The MACD displays a rising red histogram, highlighting increased selling pressure within the crypto market. Moreover, the averages show a high possibility of a bearish convergence, suggesting a negative price action for the altcoin during the upcoming week. If the PUPS price experiences a bullish reversal in the chart, the price may attempt to test its upper resistance level of $90 in the coming time. However, if the bears continue to dominate the market, it will plunge and fall to test its crucial support level of $43.45.
Investing in Shiba Inu (SHIB) requires a blend of strategic finesse and an in-depth understanding of what drives its value. To truly master Shiba Inu (SHIB) investments, it’s crucial to stay well-informed about all developments related to SHIB, including updates on its ecosystem expansions like ShibaSwap, and changes in its market dynamics. Engagement with the community is vital as the value of Shiba Inu (SHIB) is heavily influenced by its active and vocal community. Participation can provide valuable insights and influence personal investment strategies. Despite Shiba Inu (SHIB)’s potential, diversifying your portfolio to include other cryptocurrencies can reduce risk. This includes eyeing emerging cryptocurrencies like Shiba Budz (BUDZ), which show potential for high returns. Upcoming Rivals: Shiba Budz (BUDZ) Poised for 100X Gains As Shiba Inu (SHIB) continues to capture the crypto community’s attention, new challengers like Shiba Budz (BUDZ) are emerging. Shiba Budz (BUDZ) is drawing attention with its innovative approach, integrating gaming and NFTs with cryptocurrency. Experts predict that Shiba Budz (BUDZ) could potentially realize 100X gains, driven by its use of cutting-edge technology and strategic market positioning. Shiba Budz (BUDZ) is crafting its niche by integrating blockchain technology in ways that appeal to both gamers and investors, potentially driving significant value increases. Strategic Advice: Navigating the Volatile Meme Coin Market Investing in meme coins like Shiba Inu (SHIB) and Shiba Budz (BUDZ) involves handling a highly volatile market. Understanding market sentiment is crucial as it can provide critical clues about optimal times to buy or sell. It’s essential to define clear investment goals, whether aiming for short-term gains or long-term holdings, to guide decision-making. Given the volatility, using stop-loss orders can protect investments from significant downturns. Risk Assessment: What Investors Should Know Investors interested in Shiba Inu (SHIB) or Shiba Budz (BUDZ) should thoroughly assess risks. The attractive high-reward potential of meme coins comes with susceptibility to sudden market shifts and potential impacts from regulatory changes. Monitoring regulatory developments is crucial as changes in cryptocurrency regulations can affect the value of these coins. Investors should also be prepared for possible wild fluctuations in the prices of Shiba Inu (SHIB) and Shiba Budz (BUDZ) and consider how these fit with their overall risk tolerance. Conclusion: A Balanced Approach to Meme Coin Mastery To effectively capitalize on investments in Shiba Inu (SHIB) and keep an eye on emerging opportunities like Shiba Budz (BUDZ), investors need a balanced approach. By staying informed, actively engaging with the community, diversifying investments, and managing risks carefully, investors can navigate the meme coin market more effectively and position themselves to potentially reap significant rewards. For more information on the Shiba Budz (BUDZ) Presale: Presale Website: SHIBA BUDZ (BUDZ) Use Promo Code budzmoon30 to get 30% bonus Join and become a BUDZ member: Telegram: https://t.me/ShibaBudzP2E Twitter: SHIBA BUDZ “$BUDZ” (@ShibaBudz) / X Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post SHIB Mastery: Shiba Inu Investment Tips & Upcoming SHIB Rivals Predicted 100X Gains appeared first on The Merkle News.
The post When Will Bitcoin Surge Post-Halving 2024? appeared first on Coinpedia Fintech News As the fourth Bitcoin halving has been completed in a flash, the anticipation of its impact on the market and price of Bitcoin has intensified. Investors are eagerly awaiting clues about the recovery trajectory post-event. Let’s delve into historical data and expert opinions to unveil the intricate dynamics shaping Bitcoin’s price recovery journey. The Impact of Bitcoin Halving on Price Bitcoin’s halving event, occurring approximately every four years, halves the reward for mining new blocks, aiming to maintain scarcity. This mechanism, designed by Satoshi Nakamoto himself, has shown a historical correlation with the price fluctuation of Bitcoin, underscoring its significance in shaping market sentiment. According to Vetle Lunde, a senior analyst at K33 Research, the immediate aftermath of halving may not spur a significant rally. Lunde opines, “The compounding effect of reduced issuance takes months to materialize.” Analysts at Deutsche Bank report, emphasizing the gradual nature of post-halving price movements. A retrospective analysis of past halving events provides valuable insights into Bitcoin’s recovery timeline. After the 2012 halving, Bitcoin’s price surged from $10.26 to $13.42 within a month post-halving. Priced modestly at around $5-6 at the beginning of the year, Bitcoin surged to $10, underscoring the increasing interest in digital assets. Similarly, the 2016 halving witnessed a gradual six-month recovery period before surpassing previous highs. Amidst increased media attention and the rise of altcoins, Bitcoin’s price experienced a brief downturn before embarking on a gradual recovery trajectory. While the halving-induced drop from $766 to $660 raised eyebrows, Bitcoin’s subsequent resurgence to $963 underscored its enduring appeal to investors. Fast forward to the third halving, it’s essential to note Bitcoin’s remarkable performance in late 2020, which saw the cryptocurrency rally from roughly $11,000 in October 2020 to approximately $60,000 by March 2021. Notably, Bitcoin closed 2020 at $29,228 per coin, marking a remarkable 302% increase for the year. Expectations for 2024? As the cryptocurrency community braces for the fourth halving event in April 2024, anticipation runs high for the ensuing price dynamics. Bolstered by a historic bull run that propelled Bitcoin to an all-time high of $71,000, industry pundits predict a seismic shift in market sentiment post-halving. Renowned figures like Samson Mow and Anthony Pompliano have underscored the significance of the impending halving, citing it as a catalyst for a massive supply shock and extended bullish trends. Despite historical precedents, price recovery post-halving is not guaranteed. Factors such as market sentiment, investor behaviour, and macroeconomic conditions exert significant influence. Moreover, increased production costs for miners post-halving may disrupt market equilibrium.
The post Legendary Investor Makes Bold Prediction Says Bitcoin to Skyrocket to $6-8 Million! appeared first on Coinpedia Fintech News Renowned investor Anthony Scaramucci has weighed in on the future of Bitcoin, calling it the “best-performing asset in the world.” In a recent interview on Wealthion, Scaramucci shared his insights on Bitcoin’s price trajectory following the recent halving event. He emphasized the significant demand for Bitcoin driven by institutional investors and highlighted its potential for long-term growth. Scaramuccia’s Views on Bitcoin During his appearance on Wealthion, Scaramucci highlights the remarkable demand for Bitcoin, particularly from investors buying into ETFs like BlackRock and Kathy Wood’s funds. Despite the network producing only 450 coins per day, this demand continues to push prices higher. Crypto and Bitcoin are still new to most people. I tried to answer some of the biggest questions like use cases and the upcoming halving. Give it a watch: https://t.co/PCAhnAm6ov— Anthony Scaramucci (@Scaramucci) April 19, 2024 Scaramucci further noted that while prices typically decline after halving events, they often rebound as short-term holders sell for profits and new investors enter the market. Scaramucci repeats his strategy of holding Bitcoin long-term, regardless of short-term price fluctuations. He pointed to Bitcoin’s strong performance over the past 14 years as evidence of its enduring value. According to Scaramucci, Bitcoin has proven to be the best-performing asset worldwide, making it a valuable addition to any investment portfolio. Scaramucci Advises People While acknowledging Bitcoin’s volatility, Scaramucci encouraged people to invest in Bitcoin and become part of the revolution. He advised starting with a small investment to understand Bitcoin’s technical properties and experience the excitement of being involved in cryptocurrency. Scaramucci emphasized the importance of viewing Bitcoin as more than just a lottery ticket and instead as a revolutionary asset with long-term potential. Scaramucci Bitcoin Price Prediction Scaramucci expressed optimism about Bitcoin’s future price, predicting a potential surge to $6-8 million from the current level. However, he noted that Bitcoin is currently not a strong inflation hedge or fully established store of value due to its relatively low global adoption. Scaramucci expects significant changes to occur once Bitcoin attracts at least a billion users, a milestone he anticipates around 2026. As of now, the price of Bitcoin stands at $63,839.87, reflecting a slight decrease of 1.6% over the past 24 hours. Despite this dip, the trading volume remains robust at $30.4 billion, with a market cap of 1.25 trillion.
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The post XRP Price on the Horizon: Analysts Predict Surge to $1.20 Amid Market Volatility appeared first on Coinpedia Fintech News XRP, like many cryptocurrencies, is struggling with price fluctuations. While it has seen a modest recovery in the last 24 hours, it remains down in weekly, fortnightly, and monthly charts, reflecting ongoing volatility in the market. Despite this, traders’ renewed optimism is driven by a bullish prediction from a respected crypto analyst. XRP’s price stays over $0.5 despite legal issues and a major lawsuit. This bullish trend could push the coin to $0.55. XRP can breach $0.9 and hit $1 with bullish activity. #XRP Fake Out or No Fake Out? Seems like a potential fakeout, with the next destination likely between $1.2 and $1.5! #XRPArmy STAY STEADY! #XRP is the real deal and the only digital asset with clear legal & regulatory clarity pic.twitter.com/5rsJwYeXYK— EGRAG CRYPTO (@egragcrypto) April 19, 2024 Analyst Predicts $1.2 for XRP, Here’s how? EGRAG Crypto has highlighted significant potential for XRP’s price to surge beyond the $1.2 mark. Their forecast is grounded in an analysis of historical patterns and Fibonacci levels, suggesting that XRP’s current positioning mirrors previous market movements, particularly those observed in 2017 and 2021. Drawing parallels with these past trends, the analyst anticipates quick and powerful price pumps for XRP shortly, with potential price targets identified at Fibonacci levels such as $1.272, $1.414, and $1.618. This bullish outlook has ignited discussions and speculation within the crypto community, with many traders eagerly awaiting the potential for a significant rally in XRP’s price. Interestingly, XRP futures and options open interests are climbing post-Bitcoin halving. In the last 24 hours, XRP futures OI surged by 4%, with a 3% increase in the recent hours, indicating a potential reversal to $0.60. Although the rise is modest, a significant surge is anticipated post-filing the redacted version of the Ripple vs SEC case on April 24th. Current Market Snapshot XRP is the seventh-largest cryptocurrency with a market cap of around $27.78 billion. Its trading volume jumped by 22.72% to over $2 billion, showing growing interest from investors. Currently trading at about $0.5143, XRP’s price fluctuates, with traders keeping an eye on any news that could affect its value. With optimism rising, many in the crypto community hope XRP will surpass $1.20 soon. Are we on the brink of a major breakout?