The post GALA Price Signals A Bullish Action! Gala To Surge 50% Post Halving? appeared first on Coinpedia Fintech News With the next Bitcoin Halving only 102 Blocks away, the cryptocurrency industry has entered into a consolidation phase, indicating weak buying and selling pressure in the cryptocurrency industry. Moreover, the market leader, Bitcoin price, continues to trade close to its support level at $61,000. The Gala token has lost 25.23% within the past seven days and 20% over the past 30 days, indicating a bearish outlook for that altcoin this month. positively, the Year-To-Date (YTD) of this token stands at 45.49%, indicating a high possibility of a bullish reversal during the upcoming months. Gala Price Hints At A Bullish Reversal! The Gala price started in the year 2024 with a neutral sentiment by trading in a closed range between $0.020 and $0.0286 for about two months. As the bullish influence in the market increased, top altcoins displayed a strong bullish reversal by adding significant value to their respective portfolio. TradingView: GALA/USDT Following the pump, the GALA price recorded a surge of approximately 300%, after which the price faced rejection at the resistance level of $0.08285. Since then, the price has been trading under a bearish influence. Positively, the Gala token has recorded a jump of 10% within the past day, indicating a high possibility of a bullish rebound during the upcoming week. The technical indicator, MACD, displays a constant decline in the red histogram, indicating a decrease in the selling pressure within the crypto space. Moreover, the averages show a flatline, highlighting uncertainty in the future price action of this altcoin. Will GALA Price Increase? If the market breaks out of its resistance at $0.0475, the bulls will regain momentum and test its upper resistance level of $0.0585. Moreover, if the market favors the bulls after Bitcoin Halving, the GALA price will be prepared to test its upper resistance level of $0.07 during the upcoming week. Conversely, if the bears overpowered the bulls, the Gala coin price would lose momentum and fall to test its crucial support level of $0.020 this month.
The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.
The post BlockDAG’s Stellar 30,000x ROI Potential & Moon-Based Keynote Teaser Overshadow Avalanche’s Bull Run & Bitcoin NFTs appeared first on Coinpedia Fintech News The exuberant digital space of the economy is thriving with numerous crypto entities. While key players like Avalanche and Bitcoin NFTs each bring unique advantages to the table, it is BlockDAG that steals the limelight. This innovative entity has not only secured $18.2 million in its presale but has also intrigued the market with its ingenious technology, as outlined in its latest DAGpaper. BlockDAG’s remarkable presale success and its audacious marketing strategies—including its Las Vegas Sphere display that boosted its ROI potential by 30,000x and its teaser of keynote video from the moon signal BlockDAG’s potential as a major disruptor. This article explores the technical nuances and investment opportunities of these entities to find which one can be the ultimate game-changer in the crypto arena. Avalanche Eyes Bullish Run Avalanche aims to stand out in the crowded market of cryptocurrencies with its blockchain technology designed to supplant Ethereum as the leading platform for smart contracts. The strength of Avalanche lies in its unique architecture. With a significant 40% growth over the past two months, Avalanche supports a burgeoning ecosystem focused on decentralised applications (dApps). The robust community and investor enthusiasm suggest a potential surge in AVAX prices, particularly post-halving, with projections hinting at a climb beyond the $100 mark by year-end. Bitcoin NFTs: Riding the Wave of Market Dominance Turning our attention to Bitcoin NFTs, particularly the innovative Bitcoin-based NFTs known as Inscriptions, we witness a different facet of blockchain utility. These NFTs have captured 55% of the total market share in recent transactions, outperforming the likes of Ethereum and Solana combined. With a staggering 96% increase in trading volume, reaching $176.8 million in just one week, Bitcoin NFTs are setting new benchmarks. The impending Bitcoin halving and the debut of protocols like Runes are creating a fertile ground for these assets. Despite challenges such as Binance ceasing support for Bitcoin NFTs, platforms like Magic Eden have quickly adapted, showcasing the resilience and growing demand for Bitcoin-based digital assets. BlockDAG’s Hybrid Technology Propels Presale to Cross $18.2M  BlockDAG is an attractive investment option for investors with a modest entry point. Its utilisation of state-of-art technology efficiently combines blockchain reliability and DAG (Directed Acyclic Graph) speed and scalability. This hybrid network is crafted to overcome traditional blockchain limitations, offering a transaction throughput of 10,000-15,000 TPS—rates previously unthinkable in standard blockchain setups. BlockDAG’s whitepaper and keynote video highlight its unique approach to solving the blockchain trilemma, enhancing security while maintaining decentralisation. The platform’s low transaction fees and real-time processing capabilities make it a compelling choice for developers and investors alike, further sweetened by its current presale success of $18.2 million. BlockDAG has significantly attracted attention through its notable displays at iconic locations including Shibuya Crossing and the Las Vegas Sphere. Its newly-launched teaser of the upcoming keynote on moon has boosted its popularity, strengthening the project’s 30,000x ROI potential. Furthermore, BlockDAG will see another price increase from the current batch 9 priced at $0.005 to the next at $0.006, emphasising the urgency for investors to quickly capitalise on this opportunity. Why BlockDAG Holds the Investment Edge? While Avalanche and Bitcoin NFTs present compelling narratives and solid growth prospects, BlockDAG stands out with its innovative DAG technology and strong market entry strategy. An impressive presale figure of $18.2 million in under nine batches, with the current batch priced at $0.005, coupled with its potential for an astounding 30,000x ROI, makes BlockDAG a prime candidate for those looking to invest in the future of blockchain technology. BlockDAG’s stellar marketing stunts such as the recent teaser of its keynote on the moon redefine industry standards and carve a universal appeal for the brand. Join BlockDAG Presale Now! Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu
The post Crypto Markets Will See More Downtrends in Q2-Q3 2024 : Here’s Why appeared first on Coinpedia Fintech News Bitcoin and crypto have typically seen average or downward trends in Q2 and Q3 in recent years. With the halving just one day away, mining Bitcoin will become more expensive, so miners might start selling their Bitcoin. Elja in his X post presents an open view of the current state of the cryptocurrency market, highlighting five key factors that could potentially signal a downturn in Bitcoin and crypto prices. Let’s delve deeper into these points to gain a comprehensive understanding. Here’s Why Bitcoin and Crypto Could Go Down in Q2-Q3 BTFP Program Ending The analyst starts with the closure of the Federal Reserve’s emergency lending program, the Bank Term Funding Program (BTFP). After Signature Bank and Silicon Valley Bank failed, BTFP’s new loans ended, removing significant market liquidity. This decision may have short-term bearish effects, but the Federal Reserve tends to issue more money, which may mitigate the impact. Delay in Rate Cuts Next, he discusses rate cut prospects in his X post, which boosts stock and crypto markets. Higher-than-expected CPI statistics and Federal Reserve Chair Powell’s comments regarding protracted interest rates have faded hope of a bullish surge. However, the 2024 rate drop reduction raises concerns, especially for risk-on assets. Slowing ETF Inflows Moving ahead, Elja points out a notable shift in cryptocurrency ETF flows, with a decline in institutional interest reflected in slowing inflows. This trend is particularly evident in Bitcoin ETFs, where outflows consistently exceed inflows. Such a decline in institutional participation could signal weakening confidence in the market’s prospects. Uncertainty from the War Situation We all know about the ongoing geopolitical tensions between Iran and Israel which many analysts see as an add-on layer of uncertainty in the market. Whereas Elja highlights the potential for significant market fluctuations in response to any statements or actions from either party. Recent market reactions to similar events underscore the significance of geopolitical factors in shaping investor sentiment. Bitcoin Historical Trend and Halving Impact Summing up his analysis, Elja says Q2-Q3 has generally been average to bearish for Bitcoin and crypto. With the coming halving, miners may sell more as mining costs increase. Similar to earlier halving cycles of 2016 and 2020, these variables could generally take a few months to settle down. In conclusion, the analyst advised the investors to stay focused and ready to buy the dip. He said experienced crypto investors view this market stagnation or decline period as an opportunity to buy more assets at lower prices. They anticipate significant future growth, with Bitcoin potentially reaching $150k, Ethereum hitting $12k, and many altcoins seeing gains of 50x to 100x. Do you agree?
The post Analyst Predicts Significant Downturn for Bitcoin Price Before It Reaches $1 Million Milestone appeared first on Coinpedia Fintech News Billy Markus, famous for creating Dogecoin and his fondness for memes, posed a playful question about the Bitcoin halving on X, using his alter name “Shibetoshi Nakamoto.” He jokingly asked users if the halving meant the price would halve, too. Is Bitcoin Crash on the Cards? The humorous remark from Markus taps into the worries of some Bitcoin fans who are anxious about a possible price decline post-halving. Here’s what it means. Even the official Kraken exchange account chimed in, clarifying that halving doesn’t work that way. Markus responded with a tongue-in-cheek, “What if it does, though?” Meanwhile, Bitcoin advocate Samson Mow from Jan3 encouraged everyone to appreciate Bitcoin’s current value of $0.06 million and reminded them that we are still in the early stages of Bitcoin’s potential. While he didn’t make specific price predictions, he has previously hinted at Bitcoin reaching $1 million, emphasizing the long-term perspective. With just one day to Bitcoin halving, scheduled to cut block rewards in half for miners, the community eagerly awaits Bitcoin’s price reaction. During this fourth halving, each new block will yield miners 3.125 BTC instead of 6.25 BTC, further solidifying Bitcoin’s deflationary nature and reducing its supply injected into the market. Influencers like Mow believe that the halving will create a supply shock, while the emergence of spot BTC ETFs contributes to a demand shock in the market. Bernstein researchers project a 7% drop in network hash rate after the halving, as less efficient miners exit amid increased revenues from ETFs. Hong Kong’s approval of BTC and ETH ETFs in Asia signals the potential for similar moves in South Korea, Japan, and Singapore. Reports suggest Hong Kong’s ETFs could attract up to $25 billion in the capital when trading begins by April 30. What next? Looking at the bigger event and crash reports, the traders assume it to be just a minor pullback, the markets are preparing to display a diverse price action being extremely volatile at the moment. The major reason to be bearish on Bitcoin is that the token has formed a double-bottom pattern below the current levels, along with a lot of liquidity, which is required for the whales to execute huge orders.
The post Toncoin Maintains Strength While, the Top Cryptos Consolidate: Can TON Price Form New ATH Above $10? appeared first on Coinpedia Fintech News Toncoin price has been displaying enough strength since the last trading day, as the bulls appear to have jumped. The token marked new highs at around $7.67 a couple of days before and is now heading back to secure more highs after a retracement. With the buying volume kicking in again, the TON price now displays a huge possibility of forming a new ATH above $8 anytime from now on. Since the beginning of March, the TON price has surged massively, gaining over 260%. While the market dynamics flipped to some extent, which caused the BTC price to slump below $60,000, the Toncoin price maintained a healthy upswing. However, it did shed some gains but it does not appear to have negatively impacted the rally in any manner. The daily chart of Toncoin appears to be extremely bullish as the price regains momentum and heads back towards 1 FIB levels. The token is surging along the ascending trend line, which has been acting as strong support ever since it broke out of the consolidation. The RSI has displayed a bullish divergence, which may help the price test the current ATH in the next few hours and eventually enable the price to mark new highs at around 1.2 FIB level at $9, surpassing $8. Currently, the Toncoin price is trading at $6.99, with a remarkable rise of over 14.8% and an increase in the buying volume, which stands at over $500 million. On the other hand, the Toncoin chain also achieved a new milestone by surpassing $148 million in TVL (Total Value Locked). The bullish trend in the TVL as well as the TON price is attributed to Telegram’s partnership with HumanCode, which has generated anticipation and excitement among investors.
SC Ventures has strategically invested in ethical finance-focused and Sharia-compliant fintech, Algbra, to back sustainable financing.
HighRadius, the provider of Autonomous Finance software for Order-to-Cash, Treasury, and Record-to-Report, announced launch of B2B payments.