The latest edition of the FinTech Ecosystem Newsletter is here: Image Credits: shutterstock.com
The post Bitcoin Reserve On Exchanges Records A Significant Drop! appeared first on Coinpedia Fintech News The Bitcoin reserves on exchanges have recorded a significant drop over the past month, indicating an increase in the accumulation of BTCs among investors in anticipation of a price surge during the upcoming bull rally. The reserve, on exchange, has recorded a multi-year drop from 2.08 Million to 1.728 Million this year alone.
The post New Memecoin Dominates Charts, SHIB Sees Yearly Climb While Dogwifhat Collapses appeared first on Coinpedia Fintech News Dogwifhat (WIF) has seen a major price decrease, resulting in a collapse in value of 34% within the span of a single week. Despite this, memecoins like Shiba Inu (SHIB) and KangaMoon (KANG) have seen a major price uptrend, and could soon have a higher level of dominance on the charts. To see just how far each of these cryptos can climb, we will go over their on-chart performance.  KangaMoon (KANG) Surges and Raises Over $5 Million – Price to 100x Soon KangaMoon (KANG) has experienced a major price uptrend, as the crypto grew 290% in the past trading sessions, moving up from $0.005 to $0.196. Moreover, there are now over 20,000 users and 5,800 token holders. The key catalyst for the growth of KANG is because this platform completely redefines the memecoin space by introducing vast functionality. On top of KangaMoon, anyone can engage in gameplay elements, and fight other players in boxing matches, or engage in tournaments. By doing so, they earn the KANG tokens and even NFTs. The key catalysts for the growth of this platform are its Play-to-Earn (P2E) features, Social-Fi elements and a community-driven approach. Fueled by these elements, the platform has raised over $5 million, and could raise $5.5 million by the end of the week. Based on the latest price projections by analysts, the crypto can spike by 100x following its launch and major exchange listings. Shiba Inu (SHIB) Grows 96% YTD – Is Further Growth Possible? Shiba Inu (SHIB) has seen a 96% year-to-date (YTD) climb, positioning it as a dominant meme coin, even despite its lack of too much growth. During the past week, the Shiba Inu price also showcased a major price increase from $0.0000196 to a maximum value of $0.00002889. Now, the Shiba Inu crypto needs to regain the attention from bulls in order to reach even further gains. According to the Shiba Inu price prediction, this meme coin can spike to $0.000033 by the end of 2024. Dogwifhat (WIF) Falls Under $3 Again – Can It Recover? Dogwifhat (WIF) has experienced a notable price downtrend on the charts as it decreased by 34% within the span of the past seven days. While initially, the dogwifhat price was at a high point of $4.28, it has since fallen and found support at $2.75. With that in mind, now the dogwifhat crypto needs to pass the major $4 price barrier again in order to see substantial price gains again, as that way it can regain bullish attention. If it achieves this, according to the dogwifhat price prediction, it can end 2024 at $5.28. Summary While dogwifhat needs some time to recover and reach new heights, the Shiba Inu crypto has become one of the highest-growing memecoins and could soon reach new heights. However, all of the attention is going towards KangaMoon currently, as it is one of the meme coins that has provided 290% in ROI during a quick time-frame, and could soon reach substantial gains, making it one of the best meme coins to buy now. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Telegram Community: https://t.me/KangaMoonofficial
Bitcoin fees soared to more than 2,750 Satoshis/VB or over $240 per transfer during the time of Halving. Upon this, since the 4th Bitcoin Halving, the
The post Bitcoin Price Rally Ahead: As Analysts Predict 15-20% Surge After Upside Breakout appeared first on Coinpedia Fintech News While the Bitcoin halving event may not produce an immediate impact on BTC price, analysts anticipate a significant surge over the next 12 months leading up to 2025. Despite this anticipation, Bitcoin’s price has remained relatively stable, holding steady around the $64,000 mark following the halving. Notably, esteemed crypto analyst Captain Faibik predicts a bullish rally of approximately 15-20% in the coming days. Bitcoin Bullish Rally, Ahead! Renowned crypto analyst Captain Faibik has sparked optimism among investors by hinting at a potential bullish breakout. He points to an upside breakout observed in the Falling Wedge pattern, which typically hints at a reversal of the current downtrend and suggests a forthcoming bullish breakout. $BTC Daily RSI is forming Falling Wedge formation..!!Seems like It has bottomed out and I'm expecting a Upside Breakout soon. +15-20% Bullish Rally incoming #Crypto #Bitcoin #BTC pic.twitter.com/2FTgorjPjP— Captain Faibik (@CryptoFaibik) April 20, 2024 According to Faibik, the Falling Wedge formation indicates that Bitcoin’s RSI has hit a bottom and is now poised for an upward movement. This observation aligns with the anticipation of a bullish rally of approximately 15-20% following the potential breakout from the pattern. If the Falling Wedge pattern is confirmed and Bitcoin’s RSI breaks out to the upside, it could trigger a significant price surge, injecting renewed optimism into the cryptocurrency market. However, it’s essential to remember that cryptocurrency markets are inherently volatile, and price movements can be influenced by various factors. Bitcoin Aim For $80k Another esteemed crypto trader, Doctor Profit, has expressed bullish sentiment regarding Bitcoin’s price following the successful completion of the 4th Bitcoin halving. This significant event typically signals an upward trend in Bitcoin’s price trajectory. #Bitcoin halving is fully done, now miners need to earn x2 of what they have earned before to remain profitableIn other words, $80.000 is needed for miners to stay profitable with current halving rate. Bullish times ahead, only few understand..— Doctor Profit (@DrProfitCrypto) April 20, 2024 Historically, miners received a fixed amount for validating transactions and maintaining the network’s security. With the rewards now reduced by half, miners face the challenge of doubling their earnings to remain profitable. As it stands, miners need to earn approximately $80,000 per Bitcoin to remain profitable in the current environment. Despite the formidable challenge posed by the halving, Doctor Profit remains bullish on Bitcoin’s prospects. The trader sees the event as a precursor to bullish momentum, driven by the scarcity of Bitcoin and its increasing adoption as a store of value
The GMT token, which has experienced a bearish trend across all timeframes, showed signs of a potential recovery today with a 4% increase, bringing its current trading price to $0.238.
Pendle, despite experiencing a 14% decline in the past 7 days following a significant surge in recent weeks, continues to offer promising opportunities within the realm of decentralized finance (DeFi).
The post Bitcoin Halving 2024: Unveiling the Impact on BTC Price and Crypto Market Dynamics appeared first on Coinpedia Fintech News It’s Bitcoin’s halving day today! Bitcoin’s fourth block reward halving has come and gone, marking a significant event in the cryptocurrency’s history. With each halving, the reward for mining new Bitcoin blocks is reduced by half, affecting the supply chain of the digital asset. This time around, the system now generates 3.125 BTC per block, down from 6.25 BTC previously. Halving Impact on BTC Price Leading up to the BTCHalving2024, Bitcoin experienced some price volatility, dipping as low as $59,685 before bouncing back above $65,000. Having said that, Geopolitical tensions, such as Israel’s recent attack on Iran, contributed to market fluctuations, highlighting Bitcoin’s sensitivity to global events. #Bitcoin reached block 840,000! Happy fourth #halving everyone! May the next 210,000 blocks bring even more prosperity and adoption!— Whale Alert (@whale_alert) April 20, 2024 In contrast to previous halvings, when prices often went up sharply afterwards, this one has been stable. But Bitcoin has already been on an amazing rise, rising from $15,500 in late 2022 to a high point of $73,680, buoyed by factors like the approval of spot Bitcoin ETFs in the U.S. Analysts Have Mixed Views on the BTC Movement Analysts have differing views on the potential impact of the halving on Bitcoin’s price trajectory. While some anticipate a post-halving rally, others, like JPMorgan, have cautioned that Bitcoin may experience a drop due to being in “overbought conditions.” The success of previous halving cycles relied on supportive macroeconomic conditions, according to Goldman Sachs. What makes this halving different? One thing that makes this halving unique is that Bitcoin’s hash rate, which is the amount of computing power used to mine and protect the network, is likely to stay the same. In the past, when hash rate was cut in half, there were short-term drops that were quickly followed by increases. This time, only small changes are expected. The approval of U.S. Bitcoin ETFs has sped up project development and business adoption, which has led to higher demand for Bitcoin. But there are still problems with making Bitcoin less vulnerable to future geopolitical tensions, changes in regulations, and technical flaws. Even with all of these uncertainties, cryptocurrency continues to attract investors from around the world, securing its place as a major player in the world’s financial system. What to expect? As we all know, the Bitcoin halving reduces new coin issuance, making it deflationary with a fixed supply. So there are chances that short-term traders may face challenges as market excitement may already be priced in. However, Bitcoin’s price is driven by sentiment rather than facts. Its long-term scope depends on sustained investment. While the halving may affect its price in the short term, its future relies on continued investment.