While memecoins generate a lot of hype, speculative trading has erupted in the digital asset market, driving some of the most unusual cryptocurrencies to all-time highs. Retail investors interested in profiting from their potentially enormous returns have taken notice of memecoins, which are distinguished by their meme-like quality and are frequently made as parodies or … Read more
First created as a humorous meme in the cryptocurrency space, Shiba Inu [SHIB] sparked investor attention again in March 2024. Its recent rise has broken resistance levels and attracted a lot of trading activity, mirroring general market patterns. This comeback raises concerns about where SHIB might go in the upcoming days and weeks. Shiba Inu … Read more
Anthony Scaramucci, the founder of Skybridge Capital, has maintained that purchasing bitcoin is “still very very early.” Referring to cryptocurrencies as the “Berkshire Hathaway of the 21st century,” he compared them to Warren Buffett’s business. It was never “too late,” in his opinion, to purchase Berkshire stock. For bitcoin, it is still very, very early. … Read more
Because of a “massive supply-demand dynamic,” according to Bitwise’s chief investment officer, the price of bitcoin might rise above $200K this year. He emphasizes that there is “too much demand and not enough supply” for the cryptocurrency. Because of spot bitcoin exchange-traded funds (ETFs), he predicted “an even bigger wave” of demand for the cryptocurrency, … Read more
Renowned chartist and seasoned trader Peter Brandt has reiterated his optimistic view on bitcoin. “My bet is that this is a’starting’ candle,” said Brandt, pointing to “huge monthly bars” on his bitcoin price chart, after increasing his goal price for bitcoin during this bull market cycle to $200K. The Bitcoin Bull Run Prediction of Peter … Read more
After the April halving event, JPMorgan has warned investors that the price of bitcoin could drop as low as $42,000. The experts at the global investment bank clarified that $42K is the price point at which they “envisage bitcoin prices drifting towards once the euphoria caused by the bitcoin halving subsides after April.” Additionally, the … Read more
Bitcoin miners found 4,446 blocks in February, earning $1.39 billion in total—$71 million of which came from onchain transaction fees. Bitcoin mining generated $40 million more in revenue in February than it did in January, despite a decline in fees this month. The Hash Price of Bitcoin Exceeds $100. Foundry USA took the lead in … Read more
Sales of non-fungible tokens (NFTs) have increased by 35.14% over the previous week due to the growth in the value of cryptocurrencies. This is the third week in a row that the NFT industry has seen an increase in sales, with NFTs based on Bitcoin driving this trend. Sales of NFT Exceed $412 Million in … Read more
The Uniswap community has overwhelmingly approved a proposal to reward UNI token holders who stake and delegate their tokens, marking a significant governance decision. With over 10 million UNI tokens pledged in support of the upgrade, which aims to revitalize the protocol’s decision-making process, it has received overwhelmingly positive feedback. A historic vote establishing new … Read more
Meme coins are characterized by their humorous mascots and community-driven stories. Nevertheless, investors in cryptocurrency looking for “cryptos to buy this week” need to navigate this dynamic space with a critical eye that looks past the hype and into the projects’ underlying value propositions. In the meme coin realm, burning tokens—that is, taking a set … Read more