The post Top Altcoins To Buy This Dip For 100x Profits appeared first on Coinpedia Fintech News Cryptocurrency analyst Chump Chang took to his latest analyst and listed altcoins that have experienced significant declines from their all-time highs but present attractive buying opportunities. Here is the list of altcoins for 10x gains in 2024: Cardano: Cardano, currently trading at 45 cents, has witnessed an 85.4% decline from its peak in September 2021. The analyst sees potential for Cardano to achieve significant gains, citing its strong fundamentals and the leadership of Charles Hoskinson, a co-founder of Ethereum. Polkadot: With an 88.2% drop from its all-time high, Polkadot is trading at $6.52. He views Polkadot as a promising project focused on connecting different blockchains, potentially leading to substantial growth during the upcoming bull run. Ethereum Classic: Its price has declined 84% from its peak in May 2021 and is currently at $25.55. He highlighted its attractiveness as a mineable cryptocurrency and speculated on the impact of the Ethereum ETF on its price. Litecoin: Litecoin, trading at $78 and down 81% from its peak, offers a reliable payment system with widespread acceptance. The analyst discussed its low transaction fees and fast transaction speeds, positioning it as a sound investment choice. Sandbox: Sandbox, down 95% from its all-time high, is currently priced at 42 cents. As a gaming-focused cryptocurrency, he sees potential for significant gains, particularly amidst the growing interest in the metaverse and gaming industry. Solana: With a 49.6% drop from its peak, Solana is trading at $131. He praised Solana’s ecosystem and anticipated substantial growth despite potential challenges. Dogecoin: Dogecoin, down 79.4% from its peak, is currently priced at 15 cents. He highlighted its meme status and widespread popularity, suggesting it could see significant appreciation. Kaspa: Kaspa, trading at 18 cents and down 41.2% from its peak, has caught his attention due to its fast transaction speeds and finite supply, making it a potential long-term investment.
The post What Will Happen if the Bitcoin Price Drops Below $58k? appeared first on Coinpedia Fintech News Bitcoin’s recent price movements have captured the attention of traders worldwide. According to analyst Crypto Rover, after confirming bullish divergences in the four-hour timeframe, Bitcoin has shown signs of resilience, bouncing back from crucial horizontal support levels. Examining Bitcoin’s current chart patterns, Crypto Rover identifies a consolidation phase characterized by a falling wedge pattern. This bullish formation typically precedes significant upward movements, with potential price targets extending to $71.4k upon breakout. He observed that Bitcoin’s current status and position are crucial considerations. Bitcoin currently holds a significant green support zone, which is widely recognized as the most critical support level for Bitcoin. It’s imperative to break above the upper boundary of this support zone, which acts as a resistance level. The Consolidation Phase and Potential Outcomes: Bitcoin is in a consolidation phase, oscillating between key highs and lows. A breakout from this consolidation phase will trigger significant volatility in Bitcoin’s price. However, if Bitcoin were to break lower and decline towards $58,000, it would signal a breakdown for Bitcoin. He noted that recent data from the S&P Bitcoin ETF indicated another day of outflows, with approximately $58 million flowing out of the ETF. Since the midpoint of March, there has been a notable slowdown in outflows from the ETF. Interestingly, the Black Rock Sport ETF continues to see significant inflows, with daily inflows ranging from $8 million to as high as $73 million. Despite the recent outflows, there’s no cause for panic regarding ETF inflows. The focus should remain on Bitcoin’s current market dynamics. Bitcoin maintains crucial support levels, particularly a significant green support zone, pivotal for its price action. Breaking above the resistance level is essential for Bitcoin’s bullish momentum as it consolidates between key highs and lows.
The post Bitcoin Price Crash: Here’s When You Should Buy The Dip, Analyst Maps Entry Points appeared first on Coinpedia Fintech News Analyst Crypto Banter, in his latest analysis, discussed the recent market trend. He said that usually, after a period of decline, there’s a pre-halving dump, sometimes occurring shortly after the halving event within approximately two months or eight weeks. Choppy price movements and shakeouts characterize this phase. Analyzing the Pre-Halving Dump As for whether the dip has ended or is nearing its conclusion, he said that recent data regarding Tether minting another billion dollars worth of tokens suggests a potential turnaround. Historical data shows that such injections into the market often coincide with significant market bottoms. This pattern is especially evident now, with Tether’s aggressive printing surpassing previous instances like the FTX collapse. He said to keep an eye on trading volume because we’ll need more activity to push prices up from these lows. He advised expecting the price to stay within a certain range. On longer timeframes, it’s clear that this range is roughly between $50,000 and $77,000. The analyst said that it is currently around the middle of that range. Prices might drop a bit further, but if they don’t consistently fall below $59,000, there’s still a chance to buy in and profit from the dip. Strategic Buy Levels He also mentioned that even if prices drop to around $52,000, it’s still a good opportunity to buy because it aligns with a key indicator, the 21 exponential moving average on longer timeframes. The analyst said, “So the short cross below the medium time frame moving average means you have to look to the next moving average, which is your high time frame, coming in as support. It’s constantly rising every five days, which is obviously a good thing because that means the validation zone becomes higher and higher. Ultimately, around that $52 to $54k level is fair game if you do see another drop. That will be the zone to pick up more Bitcoin.”
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