|All Time High:
|The price of #HIT today is $0.00000416 USD.
The lowest HIT price for this period was $0, the highest was $0.00000416, and the exact current price of one HIT crypto coin is $0.00000416307.
The all-time high HIT coin price was $0.00103.
Use our custom price calculator to see the hypothetical price of HIT with market cap of BTC and how the supply of HIT affects the price at different market capitalizations.
|The code for HitChain crypto currency is #HIT.
HitChain is 5.5 years old.
|The current market capitalization for HitChain is $255,779.
HitChain is ranking downwards to #1453 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #HIT.
Today's 24-hour trading volume across all exchanges for HitChain is $28,536.
|The circulating supply of HIT is 61,440,000,000 coins, which is 60% of the maximum coin supply.
Relatively, HitChain has a large supply of coins, 2,793 times larger than Bitcoin's supply, for example.
|HIT has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 1 crypto exchange.
View #HIT trading pairs and crypto exchanges that currently support #HIT purchase.
|Note that there are multiple coins that share the code #HIT, and you can view them on our HIT disambiguation page.
More HitChain (#HIT) News
|Ethereum Price Surges Past $3k to Hit 96-Week High as eTukTuk Presale St...
Ethereum’s (ETH) progress shows no signs of slowing down, shattering investor expectations as it reaches a 96-week high.
ETH is now trading for $3,040, yet rose past $3,100 yesterday before pulling back.
While ETH’s surge grabs the headlines, some investors are keeping an eye on the rising star eTukTuk (TUK) – a disruptive presale project looking to transform transportation in developing countries.
Crypto Whales Stockpile ETH, Fueling Price Surge Past $3,100
Ethereum’s recent rise hasn’t just been down to bullish investor sentiment.
Technical indicators point to underlying strength, with the critical resistance level at $3,000 being breached for the first time since April 2022.
This upward momentum aligns with an eye-catching trend – Ethereum whales have been on an accumulation spree.
Over the weekend, the top holders amassed a staggering 170,000 ETH, worth over $514 million.
This massive vote of confidence signals that whales anticipate further gains, and their buying power is fueling Ethereum’s current surge.
The market is taking notice, with retail investors opting to follow the lead of these whales.
As a result, a self-fulfilling prophecy appears underway, pushing ETH’s price higher.
Analysts are now eyeing a daily close above $3,100, which would strengthen the bull case even more.
However, should ETH struggle to sustain above $3,100, a reversal back to $3,000 could be on the cards.
Grayscale Endorsement Propels Ethereum&r...
|Fidelity Director Analyzes Bitcoin Potential: Could It Hit $6 Trillion M...
In recent years, the debate surrounding Bitcoin's (BTC) potential market share relative to gold has garnered significant attention, as recently approved Bitcoin Exchange-Traded Funds (ETFs) can bring Bitcoin significantly closer to gold in key metrics.
Jurrien Timmer, Director of Global Macro at Fidelity Investments, has put forward an analysis that sheds light on this subject. By examining the value of 'monetary gold' and Bitcoin's market capitalization, as well as considering the impact of halvings on Bitcoin's supply, Timmer presents insights into the future dynamics of these two assets.
Gold Vs Bitcoin
Timmer's analysis begins by estimating the share of gold held by central banks and private investors for monetary purposes, excluding jewelry and industrial usage. While this estimation is not exact, based on data from the World Gold Council, Timmer suggests that monetary gold accounts for approximately 40% of the total above-ground gold.
Drawing upon his previous calculations, Timmer posits that Bitcoin has the potential to capture around a quarter of the monetary gold market, with monetary gold valued at around $6 trillion and Bitcoin's market capitalization at $1 trillion.
Timmer further delves into the impact of Bitcoin halvings on its price. Historically, halvings have had a substantial effect on Bitcoin's value. However, Timmer raises the hypothesis that diminishing returns may occur in the future as the incremental supply of new Bitcoin decreases.
|Here's When Ripple (XRP) Will Hit $1.40 According to Popular Analyst
Analysts are optimistic about XRP's valuation, predicting significant increases in the near future.
Certain regulatory developments, among other factors, could propel a significant price rally.
Ripple's Odds of Hitting $1
Despite increasing significantly during the first half of February, the price of Ripple's XRP has recently pushed the brakes, currently trading below the $0.55 mark. However, the ongoing trends have not stopped multiple analysts from outlining optimistic predictions.
The X (Twitter) user EGRAG CRYPTO presented a chart today (February 22), according to which XRP might soon pass through four stages (wicking, ranging, consolidation, and bullish) and reach $1.40 in April. The analyst also envisioned a spike above $0.60 before the end of the month.
Dark Defender was bullish, too, suggesting that XRP could surpass the resistance levels of $0.66, $0.77, and $0.91 in the next 60 days. The price projection faced criticism from some X users who claimed that such predictions hardly 'ever come to bear fruit.' Dark Defender responded that doubt has been part of the industry for years, reminding about previous successful bets:
'When XRP was 17 cents, and we were calling the $2+ in 2021, people felt that XRP would never appreciate. XRP hit almost $2 at that time. We called it the most significant wave B in crypto. XRP is expected to hit $5.85 as the average point, and people will say the same at that time.'
The popular trader, using the X handle Doctor Profit,...
|XRP Could Hit $0.39 Before Soaring 1000%: Crypto Analyst
The price of XRP is currently navigating bearish territory. Following its descent below the 200-day exponential moving average (EMA), the digital currency has further dipped beneath the critical 0.618 Fibonacci retracement level. Despite this downward trend, renowned crypto analyst Dark Defender offers a glimmer of optimism for the XRP army.
However, he also suggests that the market might face additional challenges first before embarking on a remarkable 1000% surge. In his latest analysis, the crypto analyst shared the weekly XRP/USD chart, employing a range of technical indicators including the Ichimoku Cloud, Fibonacci levels, ABC corrective patterns, and Elliott Wave theory.
XRP Price Could Drop Further
The chart provided depicts XRP's price movements within the context of an Elliott Wave structure, which postulates that markets move in predictable, repetitive cycles. The analyst is identifying the progress of an ABC correction pattern within a larger Elliott Wave cycle. This correction consists of three waves: A (down), B (up), and C (down again), which is purportedly nearing completion.
Dark Defender’s analysis suggests that the current market structure for XRP mirrors that of a period in early 2021 when the crypto asset surged by 1,060% in less than four months. According to Dark Defender, this is indicated by the confluence of the RSI readings and price action.
The RSI, a momentum oscillator that measures the extent of recent price changes to evaluate over...
|Bitcoin Whale Addresses Hit 15-Month High – A Sign Of Growing Accu...
The story has not been much different for the price of Bitcoin this week, as the premier cryptocurrency has struggled to capitalize on its recent advancements. According to data from CoinGecko, BTC is down by more than 3% in the past week, putting doubts over the continuation of the bull run.
However, the latest on-chain revelation has offered some relief, suggesting that the value of Bitcoin might be up for substantial recovery over the next few weeks.
Can Whale Accumulation Trigger Continuation Of Bull Cycle? Popular crypto analyst Ali Martinez revealed - via a post on the X platform - that the number of Bitcoin whales has witnessed a significant increase over the past few days. This is based on the “Number of Entities With At Least 1,000 BTC Balance” metric from the on-chain analytics firm Glassnode.
According to the latest Glassnode data, the number of addresses holding at least 1,000 BTC surpassed 1,510 on Thursday, January 18. This figure represents the metric’s highest level in over 15 months (since August 2022).
Large holders, commonly known as “whales,” are considered relevant entities in the cryptocurrency market due to their ability to influence prices and market sentiment. Hence, a notable uptick in the number of whales often suggests growing confidence in a cryptocurrency - in this case, Bitcoin.
Furthermore, this surge in whale addresses signals potential accumulation amongst large investors and institutions. Acquisit...
|Crypto Trader Claims Dogecoin Could Hit $5 in 2024 While Meme Kombat Rec...
The crypto market has kicked off 2024 with a bang, as meme coins like dogwifhat (WIF) and Bonk (BONK) capture investors’ attention.
However, one leading crypto trader has predicted that fan-favorite Dogecoin (DOGE) could surge to $5 before the end of the year based on several bullish technical factors.
While DOGE aims for $5, new meme coin Meme Kombat (MK) looks poised for similar exponential gains – with a promising forecast after its presale concludes.
Dogecoin Price Forecast Points to Possible 6,000%+ Surge
An anonymous crypto analyst on TradingView believes DOGE could surge over 6,300% from its current price of $0.078.
The analyst shared a technical analysis chart detailing critical support and resistance levels that could lead to this enormous rise.
Specifically, the analyst sees a retest of support around $0.056 followed by a breakout above $0.072 as the catalysts to kickstart Dogecoin’s next upward leg.
As mentioned in the notes accompanying the price chart, the analyst believes DOGE could “soar to the moon” – and that $5 is a “realistic target.”
If DOGE were to reach $5 with its current circulating supply, its market cap would balloon to over $710 billion, which would make it the second-largest cryptocurrency in the world.
This bullish forecast complements similar forecasts from other well-known analysts.
For example, Ali Martinez on Twitter also spotted bullish signals in DOGE’s price action, speculating that th...
|Bitcoin Price Takes Hit, Can Bulls Protect The Main Support at $40K?
Bitcoin price extended its decline below the $41,450 support zone. BTC is showing bearish signs and might struggle to stay above the $40,000 support zone.
Bitcoin price is gaining bearish momentum below the $42,500 zone. The price is trading below $42,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $42,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now at risk of more downsides toward the $40,000 support zone. Bitcoin Price Gains Bearish Momentum
Bitcoin price failed to start a recovery wave above the $43,250 resistance zone. BTC formed a short-term top and started another decline below the $42,120 support zone.
The bears were able to push the price below the $41,450 level. A new weekly low was formed near $40,625 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the recent decline from the $43,569 swing high to the $40,625 low.
Bitcoin is now trading below $42,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $42,100 on the hourly chart of the BTC/USD pair.
On the upside, the price is facing resistance near the $41,675 level. The next key resistance is near the $42,100 zone and the trend line. It is also close to the 50% Fib retracement level of the recent decline from the $43,569 swing high to the $40,625 low.
Source: BTCUSD on TradingView.com
A clear move above the $42...
|Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows
CoinGecko's 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more.
Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance of centralized crypto exchanges (CEX) and decentralized exchanges (DEX).
Centralized Crypto Exchanges Dominated
Crypto saw a $36.6 trillion trading volume in 2023, with a volume increase of +53.1% from Q3 ($6.7 trillion) to Q4 ($10.3 T). The Q4 increase marked the first quarter-on-quarter (QoQ) growth of 2023 and could be attributed to the 'growing bullish sentiment' in the crypto market due to the anticipation of spot Bitcoin ETFs’ approval by the SEC.
Despite the market's challenges, such as the aftermath of FTX’s collapse, the worldwide banking crisis, or Binance’s regulatory difficulties in 2023, the data presented in the report shows an overall market recovery.
In December 2023, the trading volume increased sharply to $4.3 trillion, a volume not seen since March 2023. Overall 2023, centralized exchanges dominated the year despite the challenges, especially when compared to decentralized exchanges (DEX). The report details:
CEXto DEX spot trading volume ratio hovered around 91.5% in Q4. CEX to DEX derivatives trading volume ratio dropped to 97.3% from 98.5%. CEX to DEX spot ratio stood at 91.4% i...
|Chainlink Rises 17% – Is LINK On Course To Hit $20 This Week?
Traders in the crypto realm are watching Chainlink (LINK) with bated breath as the price coils up near the $16 mark, hinting at a possible break out towards $17, or even $20 given the right conditions this week.
Since November, LINK has been consolidating between $13.00 and $17.00, exhibiting classic market cycle behavior that presents prime opportunities for savvy traders.
Technical analysts are buzzing with potential bullish scenarios, with many pointing to the current price action as the telltale sign of an 'accumulation phase.' As per the renowned Wyckoff method, this phase sees sellers exiting, prices stabilizing, and indecision ruling the market.
Will Chainlink Hit The Vaunted $20 Mark? Following accumulation comes the much-anticipated 'markup phase,' characterized by surging buying pressure, rapid price increases, and heightened activity.
And that's precisely what the charts seem to be foreshadowing for LINK. Indicators like the Awesome Oscillator and MACD are flashing green and pushing towards bullish territory, suggesting growing confidence and impending upward momentum.
The Relative Strength Index (RSI) also leans north, potentially primed to cross its signal line and add fuel to the bullish fire.
Further bolstering the optimistic outlook are the Simple Moving Averages (SMAs). Both the 100- and 200-day SMAs are pointing north, with the latter currently nestled comfortably at $9.994. This upward trajectory indicates the path of least resistance lies in ascending ter...
|Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hi...
Financial research firm Fundstrat's head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency's finite supply and 'a potentially huge increase in demand with a spot bitcoin approval,' the analyst stressed that it is 'definitely achievable' that bitcoin could reach half a million dollars in five years.Bitcoin Expected to Hit $150K Short-Term, $500K Possible Long-Term
The head of research at Fundstrat, an independent financial research boutique, Tom Lee, shared his view on the bitcoin price outlook in an interview with CNBC on Wednesday.
Replying to a question about what the price of bitcoin will be in one year and five years, he said:
I think in the next 12 months, something over $100,000 … maybe over $150,000.
Lee expressed the significance of the U.S. Securities and Exchange Commission (SEC)'s approval of 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. The funds started trading on Thursday. The Fundstrat head of research detailed:
In the next five years, there's a finite supply, but now we have a potentially huge increase in demand with a spot bitcoin approval so I think in five years something around half a million is definitely achievable.
In August last year, Sean Farrell, who leads digital asset strategy at Fundstrat, predicted a significant price increase for bitcoin following the launch of a spot ETF. He reasoned that the daily demand for bitcoin 'will reach $125 mil...
|Robert Kiyosaki Predicts BTC Will Soon Hit $150K as SEC Approves Bitcoin...
Rich Dad Poor Dad author Robert Kiyosaki has predicted that the price of bitcoin will hit $150,000 'soon,' as the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs). He emphasized that he will be buying more bitcoin. Kiyosaki has issued diverse bitcoin price predictions, with his most eye-catching one reaching a staggering $1 million. Robert Kiyosaki Says He Will Buy More Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, has insisted that the price of bitcoin will hit $150,000 soon. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Commenting on the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Kiyosaki said he is glad he bought bitcoin years ago. He emphasized that the price of bitcoin will soon reach $150,000. The famous author said:
Bitcoin ETF. Yay. Glad I bought years ago. Bitcoin to $150K soon … I will be buying more gold, silver, and bitcoin with fake dollars.
He also noted: 'Gold to the moon as central banks buy, store, and never sell. Silver to crash as silver stackers sell to pay bills, caused by rising inflation. Great news for silver stackers. Time to buy more as silver crashes. It's all good news except for losers who save fake fiat U.S. do...
|Fundstrat Predicts Bitcoin Could Hit $500k Within Five Years
Market research boutique Fundstrat envisions Bitcoin (BTC) reaching $500,000 per coin within the next five years – in large part due to expected Bitcoin spot ETF approvals.
“I think in five years, something around half a million would be potentially achievable,” said Fundstrat’s Tom Lee in an interview with CNBC on Wednesday.
How Meaningful Is A Bitcoin ETF?
Lee stood by his prior predictions that Bitcoin could reach above $100,000 and possibly tap $150,000 within 2024 alone.
“There’s a finite supply, and now we have a potentially huge increase in demand with a spot Bitcoin approval,” he explained.
Bitcoin underwent major volatility on Tuesday after a fake SEC tweet claiming spot ETFs were approved sent the asset to a new multi-year high of $47,800.
Industry figureheads have predicted for months that ETF approvals would unlock vast pools of institutional capital previously incapable of purchasing spot Bitcoin.
In November, ex-NYSE president Tom Farley – who now spearheads his own crypto exchange – predicted that money will “flood” into Bitcoin after ETF approvals.
Impending Capital Inflows To Bitcoin
According to Lee, approvals will likely establish a generational divide in terms of how investors gain exposure to Bitcoin.
While younger investors may prefer to own the coins in their actual wallets, those over age 50 – who control 76% of all wealth in America ($120 trillion) – may stick to public mark...
|Cardano Price Explosion: Crypto Analyst Predicts ADA Price To Hit $6
Crypto analyst Ali Martinez has predicted an outstanding long-term price for Cardano (ADA), although subject to some downside before the target is reached. The Cardano (ADA) price is currently declining, down by 4.2% in the past 24 hours and 16.7% in a larger timeframe. The crypto did manage to turn bullish for a few hours yesterday, jumping 14.6% from a low of $0.4727 to $0.5421.
Most of this price gain has been shed off and the crypto is now trading at $0.5079, confirming an ongoing consolidation. However, according to crypto analyst Ali Martinez, Cardano's current consolidation mirrors that of its 2018-2020 phase, which is preparing the groundwork for a strong bull run.
ADA Mirroring Its Past Performance
Cryptocurrencies are known to repeat previous price actions, giving analysts an idea of what to expect based on the outcome of the previous performance. In this vein, a Cardano technical analysis shared on social media platform X by Ali Martinez indicated that ADA's current consolidation is reminiscent of ADA's price action whose breakout led to a 2,980% price surge.
According to the weekly timeframe chart shared by Martinez, ADA consolidated for 665 days between 2018 to 2020 before going on a price surge to reach $3.058, its current all-time high. If a repeat of this pattern were to successfully play out, we might see ADA continue to consolidate around this level until April. Consequently, a repeat of a 2,980% price surge from the current price would put a pr...
|Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Ap...
Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank's analysts described: 'We see this as a watershed moment for normalizing bitcoin participation by institutional money, and we expect approval to drive significant inflows and price upside for bitcoin.'Standard Chartered's $200K Bitcoin Prediction
Standard Chartered's Global Research published a note on digital assets Monday explaining bitcoin's 'price upside' from the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which many expect to happen on Wednesday.
The note, written by the bank's head of crypto research, Geoff Kendrick, and Suki Cooper, a precious metal analyst at Standard Chartered Bank NY Branch, explains:
ETF approval is a key driver of BTC price upside … We see this as a watershed moment for normalising bitcoin partipation by institutional money, and we expect approval to drive significant inflows and price upside for BTC.
'To gauge how big a driver this might become, we use the introduction of the first U.S.-based gold ETP (in November 2004) as a good point of comparison. The price of gold rose 4.3x in the seven to eight years it took for gold ETP [exchange-traded product] holdings to mature after the first ETP was introduced,' the analysts detailed.
The Standard Chartered analysts ...
|XRP Price Could Hit $220 With Gamma-Ray Burst: Crypto Analyst
Egrag Crypto, a crypto analyst on X, has released a technical analysis that suggests a potential surge in the price of XRP to as high as $220, drawing a vivid parallel to the astronomical event known as a Gamma-Ray Burst (GRB). In financial charting, the GRB analogy reflects a surge in price with a significant magnitude and rapidity, akin to the intense energy release of a cosmic GRB.
Egrag utilizes a Fibonacci Channel (Fib Channel) for his forecast, a technical analysis tool that traders employ to identify potential levels of support and resistance based on the Fibonacci sequence. A Fib Channel is constructed by drawing a trendline between two extreme points, typically a high and a low, and then dividing the vertical distance by the key Fibonacci ratios. These levels are parallel lines that run across the chart, which can act as markers for price targets or reversals.
Cosmic XRP Price Targets
The 1-month chart of XRP/USD shared by Egrag on X outlines these Fib levels. Egrag notes, “Reflecting on XRP's potential to mirror its 2017 trajectory, analyzing current price positions reveals crucial figures within The Fib Channel.” Accordingly, the significant future price points are at $2.2 (0.236 Fib), $5.8 (0.382 Fib), $11 (0.5 Fib), $33 (0.702 Fib), and finally, the zenith at $220 (1.0 Fib).
Furthermore, the analysis identifies the two “Bull Market Lines” on the chart, which have been instrumental in past XRP price movements. Egrag's analysis anticipates ...
|Shiba Inu's Shibarium Hit Major Milestone Amid Rapid Network Recovery
The Shiba Inu Layer 2 Shibarium network is recovering once again after the festivities of the holidays have died down. This time around, the layer 2 network is celebrating a major milestone after a couple of months of impressive outperformance.
Shibarium Network Crosses 250 Million Transactions
The Shibarium network has now crossed a total of 250 million transactions that have been processed since it was launched last year. This latest milestone coincides with a significant recovery in the network’s daily transactions which had plunged at the start of the new year.
As NewsBTC reported on Thursday, the average daily transactions on the network had fallen around 50% from the 7 million average to 4 million. This decline would persist for at least two days, on January 2 and January 3, where an average of 4 million transactions were carried out.
However, there has since been another jump in the number of transactions processed by the network. Currently, the daily transactions for Friday are sitting at 6.19 million at the time of writing. This translates to a 50% jump from the numbers recorded over the last few days.
The total number of blocks produced has also risen rapidly at this time as well. As the data shows, there are now over 2.84 million blocks produced on the Shibarium network. If the daily transactions on the Shiba Inu layer 2 network continue to rise, then the total number of blocks produced could cross 2.5 million before the month is over.
Shiba Inu Burn Rat...
|Rotation Back Into Ethereum Begins, Could ETH Hit $10,000 in 2024?
Ethereum’s recent lackluster price movement had many calling it an ‘ETH death’ as rivals Solana and Avalanche skyrocketed.
However, the fourth quarter layer-1 rotation was similar to that in 2021, observed crypto analyst ‘Metaquant’ on Jan. 5.
Moreover, Solana and Avalanche are slowing down after weeks of upward price action, so where is the capital flowing next?
Ethereum Rotation Begins
The analyst noted that ETH is flowing out of centralized exchanges, and activity on the network is slowly increasing compared to the past weeks.
“The rotation from alt L1s to ETH has started - ETH on-chain season is heating up.”
Q4 saw an L1 rotation similar to 2021, but now it's time for the king to play its hand.$SOL and $AVAX are now slowing down after weeks of up-only PA.
Here is a quick analysis of where the money is flowing next
— Metaquant (@QuantMeta) January 4, 2024
The analyst added that in the past ten days, AVAX and SOL have cooled down after their huge runs, while ETH went sideways without showing signs of weakness. “The next run will likely be on ETH and its ecosystem,” he said.
Additionally, the activity on Ethereum and layer-2 networks has been growing steadily for months. Total value locked across the L2 ecosystem hit an all-time high of $21 billion on Jan. 4, according to L2beat.
In addition to the TVL peak, daily active addresses, layer-2 fees, and layer-2 stablecoin market capitaliz...
|Bitcoin Price Takes Major Hit But Uptrend Far From Over – Here's W...
Bitcoin price started a major drop below $44,000 after rumors of spot ETF rejection. BTC dived over 10%, but the bulls are still protecting the $40,000 support.
Bitcoin declined heavily and even spiked below the $40,000 level. The price is trading below $43,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near $43,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a close above the $43,500 resistance zone. Bitcoin Price Dives Over 10%
Bitcoin price struggled to gain pace for a move above the $46,000 resistance level. BTC found a strong selling interest and then rumors of spot ETF rejection hit market.
It sparked bearish moves and the price tumbled below the $44,000 level. There was a break below a key bullish trend line with support near $43,200 on the hourly chart of the BTC/USD pair. The pair declined over 10% and even spiked below the $40,000 support.
A low was formed near $39,500 and the price started a recovery wave. There was a move above the $41,500 and $42,000 levels. There was a wave above the 50% Fib retracement level of the downward move from the $45,913 swing high to the $39,501 low.
Bitcoin is trading below $43,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $43,200 level. The first major resistance is $43,500 or the 61.8% Fib retracement level of the downward move from the $45,913 swing high...
|3 Under The Radar Altcoins Expected To Hit $100 Before The Bitcoin Halvi...
With the Bitcoin halving expected to happen today, crypto enthusiasts are already starting to take positions in various altcoins. Among these, there are a number of coins that have shown a lot of promise when it comes to reaching the $100 price mark and this report takes a look at three.
MoonRiver (MOVR) Tops Lists Of Altcoins To Reach $100
The MoonRiver (MOVR) token has been one that has flown under the radar for quite a while now. This has to do with the fact that the price of the altcoin fell from its all-time high of $485 to as low as $5 earlier in 2023. However, this has not eradicated the bullish narrative for the asset.
So far, as the crypto market has recovered, the MOVR token has seen one of the most significant rallies. In the days leading up to Christmas, the price would go from around $6 to as high as $44 in a couple of days, notching 700% gains during this time.
Since then, the price has since retraced and fallen around 50%. But with the price still holding above $20, it shows a lot of promise for the coin. Given its low supply of around 11 million coins and a tendency to rise quickly in a short time, MoonRiver is one of the coins poised to break the $100 mark.
Litecoin (LTC) Slow Movement Coming To An End
The Litecoin price rallied tremendously in 2023 leading up to its halving and was among some of the best-performing altcoins. However, once the halving was completed, the LTC price would crumble and fall into a slow and steady decline. However, this has chan...
|Here's Why SEI Price Hit an ATH Today
SEI Token's New High: SEI, the native token of Sei Network, reached a record price, boosting its market ranking.
SEIYAN's Contribution: The introduction and rapid value increase of SEIYAN, a related memecoin, may have influenced SEI's performance.
SEI Reaches a New Peak
SEI - the native token of the Ethereum Virtual Machine (EVM) blockchain Sei Network - climbed today (January 2) to an all-time high price of almost $0.80 (per CoinGecko's data). Its market capitalization exceeded $1.8 billion, positioning the digital asset as the 56th largest.
SEI Price, Source: CoinGecko
Besides its price rally, the total value locked (TVL) on Sei has also headed north. As of the moment, it stands at $5.6 million (according to DefiLlama), a 3,500% surge compared to the stats from August.
One factor that might have played a role in the uptrend is the rise of SEIYAN. Described as 'the main brand coin of Sei Network,' its price tapped an ATH of $0.07 on January 2. SEIYAN saw the light of day at the end of December 2023, experiencing a 380% value increase in the past week.
The hype surrounding memecoins is not specific to SEI. During December, Solana saw tremendous trading volumes and activity, propelled mostly by the emergence of community-oriented cryptocurrencies like ANALOS and dogwifhat (WIF). Other networks had their own alternatives, like SNEK on Cardano and COQ on Avalanche.
However, keep in mind that memecoins are highly volatile, with their value oftentime...
|Dogecoin Price Edges Towards $0.1, What Price Could DOGE Hit in 2024 as ...
Dogecoin’s (DOGE) price has been slowly climbing towards the $0.10 mark over the past two days, with the coin rising over 6%.
This price rise has led DOGE holders to speculate on how high the world’s largest meme coin could go in 2024.
Alongside Dogecoin, another meme coin gaining ground is Sponge (SPONGE), which is making headlines again following the huge announcement regarding its V2 token.
Dogecoin Starts Year with a Bang & Surges Over 6%
Dogecoin has started 2024 with a bang, surging to the $0.093 level after a period of bearish momentum.
This latest pump comes amidst growing trading volumes for DOGE, which exceeded $408 million in the past 24 hours.
From a technical perspective, DOGE has found support around $0.089 and is now trending towards the vital $0.10 mark.
If bulls can continue pushing DOGE higher, there’s a belief within the community that the coin could return to this level in the coming days.
Dogecoin’s renewed momentum aligns with the excitement and speculation typically seen in crypto during the first week of a new year.
Investors are buzzing about what 2024 may bring for DOGE and the crypto market in general.
With the meme coin market, in particular, experiencing renewed hype, many believe that Dogecoin is poised for another successful year.
At the time of writing, the meme coin market is valued at a whopping $22.9 billion, with over $944 million in daily trading volume.
How High Can Dogecoin Go in 2024?
Given that Dogecoin is off...
|XRP Price Poised To Hit $20,000: Chad Steingraber Theory Outlines How
Chad Steingraber, a professional game designer and a prominent figure in the XRP community, recently updated his theory, originally posted in August 2022, about the potential future price of XRP. Dubbed 'The Chad Steingraber Theory,” it presents an intricate roadmap predicting XRP's journey towards a staggering $20,000 mark.
Central to Steingraber's argument is the principle of asset scarcity in relation to supply and demand. He explains how scarcity, much like in an auction where numerous bidders vie for a limited asset, can escalate the asset's value.
'Asset Scarcity, part of supply and demand, is also an issue, like an auction bid where many people are bidding on a limited set of assets that only some of them may own. This can drive up value, it ONLY stops when no one else is willing to pay a higher price,” he notes, underlining how this scarcity could be a driving force for XRP's valuation.
Steingraber also delves into the realm of market appreciation and 'phantom money'. He elucidates how the current price of an asset can reflect its anticipated future value, a concept akin to selling the idea of a future desirable house on a valuable plot of land at today's perceived value. He further introduces the notion of 'Phantom Money', indicating that market caps often mirror perceived, rather than actual, invested value.
“Today XRP market cap is $30 billion.. but wait, that doesn’t mean there is actually $30B of money that has been put into XRP. There&rs...
|ETH Could Hit $15K in 2024, But These Ethereum-Related Tokens Will Outpe...
On Dec. 26, crypto YouTuber Lark Davis said, “Ethereum is going to make a lot of new millionaires in 2024.”
However, he added that those with a lot of ETH, purchased at much lower prices and staked, will do well in the next bull market. But those getting into the market now, with the asset trading over $2,000, are not going to make it big unless they have a lot to invest.
The big returns will be made trading Ethereum layer-2 assets, he said.
Ethereum Will Make Millionaires In 2024, BUT Not How You Think pic.twitter.com/00YCLPyGCl
— Lark Davis (@TheCryptoLark) December 25, 2023
Ethereum to $15,000
Lark highlighted a number of current and upcoming layer-2 listings, such as zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia. “New listings can make money, especially in the short term,” he said.
Newly launched tokens often exhibit pump-and-dump patterns as airdrop hunters offload them quickly. However, there have been several that have begun up trending soon after when they get listed on larger exchanges.
For the Ethereum hodlers, things could still be good in 2024. He compared gains for ETH from previous cycles and made a prediction for the next bull cycle in 2024 and 2025.
Now that the asset has broken out from its resistance zone at $2,150, “it's going to do big things.”
If Ethereum makes similar gains to the last cycle high, or even slightly less, “that will get us up to around $15,0...
|Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
Venture capitalist Tim Draper has doubled down on his $250,000 bitcoin price forecast. 'I would say that my number $250,000 will probably come pretty soon,' he emphasized, predicting that if the price of bitcoin hits $250,000, 'it'll go way past it.'Tim Draper's $250K Bitcoin Prediction
Venture capitalist Tim Draper shared his bitcoin price prediction for 2024 in an interview with Coin Bureau last week.
He explained that when the price of BTC was $4,000, he predicted that it would climb to $250,000 in four years. 'When I predicted that, what I didn't expect was how fearful and just old thinking the U.S. would be. I think with a receptive U.S., we would be having conversations like the ones I have with the people from El Salvador,' he shared. El Salvador was the first country to adopt BTC as legal tender alongside the U.S. dollar.
Emphasizing that he still believes BTC will reach $250K in the near future, he opined: 'I think all that is is a delay. I would call it the fear delay … old government delay.' Draper added:
I would say that my number $250,000 will probably come pretty soon, so I'll stick with $250,000 … I actually think that if it hits $250,000, it'll go way past it.
While expressing his belief that 'we are going through the boom cycle' and anything can happen, he reiterated: 'I think this year we might see $250,000.'
Draper further shared: 'I'm a big fan of smart contracts. I can't wait for the moment when I can raise all my investor money in bitcoin,...
|Crypto Analyst Predicts XRP Price Will Hit $1.33 'Pretty Fast'
The XRP community will no doubt be buoyed by this recent analysis of an early Bitcoin investor who predicts that the XRP price could see a swift move to the upside soon enough. The crypto analyst also seemed to have taken a position in the crypto token in anticipation of this upward move.
XRP Price To Hit $1.33
In a video posted on his YouTube channel, Davinci Jeremie mentioned that XRP is going to see another pump, which will see it move to “$1.33 pretty fast.” Once that happens, he foresees the token retracing to $1 and consolidating there for some time. What is interesting is the fact that Jeremie suggested that this pump will be manipulated.
This is interesting because of XRP’s tepid price movement for some time now and the fact that many continue to say that XRP’s price is suppressed. The crypto analyst further stated that this price manipulation is what happens “every single time.” He alluded to the fact that the XRP price always pumps out of nowhere and without any logical explanation for such a rally.
Meanwhile, Jeremie also highlighted fundamentals that are bullish for the XRP price. This includes Ripple’s major wins in the regulatory environment like the victories against the Securities and Exchange Commission (SEC). Ripple also gained major approvals in Singapore and Dubai this year.
Bitcoin Could Be Headed To $47,000
Jeremie also commented on Bitcoin and its future trajectory. Analyzing the charts, he ...
|Crypto Market Cap to Hit $3.2T as Global Owners Surge to 950M in 2024: B...
The crypto market is expected to grow significantly next year as the bull run sets in. This is evident in a rise in the total market cap and the number of users who own digital assets globally.
According to the latest edition of the Bitfinex Alpha report, the total crypto market cap is anticipated to fluctuate between its current level of $1.6 trillion and $3.2 trillion, while global crypto owners could escalate to between 850 and 950 million from 575 million.
Crypto Market Cap to Hit $3.2T in 2024
Several on-chain metrics indicate that the crypto market has exited the bear season, moving into a bull run. This is obvious in the prices of several cryptocurrencies, including bitcoin (BTC), the leading digital asset, which has surged over 158% in the past year, although it is still 38% shy of its 2021 all-time high of $68,000.
Bitfinex analysts believe this bull market has 'considerable potential' and could establish BTC as a multi-trillion dollar asset class, offering significant value to investors. To this end, the experts identified some metrics to monitor as the market navigates 2024.
Among the metrics is the Bitcoin fear and greed index, which shows the market has transitioned from extreme fear to greed, a typical move during the beginning of bull seasons. Analysts see a high chance of an extended visit to the 'extreme greed' sentiment in 2024 as BTC reaches new highs in the middle of the bull market.
Bitcoin Miners Brace for Upcoming Halving
Furthermore, Bitcoin's dominanc...
|ICP Pumps 100% as $ETH Sinks Lower, $GFOX On Route to Hit $1.5 Million?
Lately, altcoins have been experiencing a notable surge in momentum, with many of these tokens outshining the industry's top members in performance.
For example, $ICP crypto pumped massively, increasing by more than 100% over the past month, while Ethereum keeps sinking. But what also drives attention in the current market is Galaxy Fox ($GFOX), a new ICO crypto that’s about to hit $2 million in presale funds.
Galaxy Fox: What's it All About
Investors are always on the lookout for new projects to watch. Sometimes, NFTs are a trend, and sometimes, it’s meme coins, P2E tokens, or DeFi projects that get hyped. However, the market has not seen a mix of all these yet, and Galaxy Fox is proud to present its multi-functional, hyper-deflationary P2E meme coin that also issues NFTs and works as the primary token in the unique, Fox-themed DeFi ecosystem.
The whole Galaxy Fox ecosystem is built around its classic Web3 runner game, where players choose their avatars and participate in marathons. However, the competition is tight, considering the handsome rewards the team offers.
More precisely, at every gaming season, be it weekly or monthly, Galaxy Fox Leaderboard ranks the most successful players, from which the top 20% get the opportunity to win in-game currencies from the prize pool. These in-game coins can be converted to $GFOX and generate profits for the players.
Galaxy Fox further encourages investors with a unique, 3,000 NFT collection, which will be mintable on the...
|Crypto Analyst Says This AI Altcoin Will Hit A Fresh ATH After 300% Rall...
The pseudonymous crypto analyst Rekt Capital's observations point to a promising future for the artificial intelligence (AI) cryptocurrency project, with a focus on Fetch.ai (FET).
Along with with a sizable 377,500 followers on the social media network X, the analyst offers a bullish prediction, stating that Fetch.ai is about to reach a new all-time high (ATH).
Rekt Capital's investigation shows that the machine learning platform is presently experiencing a notable upswing following a successful retesting of a critical price level.
Technical Analysis Illuminates Fetch.ai Momentum
The spotlight placed on Fetch.ai's retest points to a technical analysis viewpoint in which the price behavior of the project at this crucial level acts as a key predictor of potential future profits.
FET has increased over 300% since the cryptocurrency watchlist, claims Rekt. In terms of fluctuation in price, the AI cryptocurrency went up from $0.53 on December 9 to $0.67 on December 16.
Up almost +300% since the Altcoin Watchlist
Now trying to breach one of the final resistances before new All Time Highs
Weekly Close above the red resistance would be bullish#FET #Fetchai #Crypto https://t.co/kNZBSTw7Nw pic.twitter.com/KUlU5ovkzH
— Rekt Capital (@rektcapital) December 15, 2023
Additionally, the technical analysis presents a positive picture for the cryptocurrency Fetch.ai, which has seen 60% of 'green' trading days. Additionally, Fetch.ai is showing bullish indications from almost 30 te...
|Ethereum Price Struggles While Bitcoin Jumps – Why ETH Could Take ...
Ethereum price is still struggling to climb again above $2,250 while Bitcoin broke $43,500. ETH is showing a few concerning signs and might take a major hit.
Ethereum is struggling to gain pace for a move above the $2,250 resistance zone. The price is trading below $2,220 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if it stays below $2,250 for a long time. Ethereum Price Faces Hurdles
Ethereum price made another attempt to clear the $2,250 and $2,265 resistance levels. However, ETH failed to settle above the $2,250 resistance. There are clearly more than two rejections noted near the $2,250 and $2,265 levels.
On the other hand, Bitcoin gained pace for a move above the $43,500 resistance. This could be a warning sign for ETH bulls. The recent low was formed near $2,155 and the price is now consolidating. It is above the 23.6% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low.
There is also a key bullish trend line forming with support near $2,170 on the hourly chart of ETH/USD. Ethereum is now trading below $2,220 and the 100-hourly Simple Moving Average.
On the upside, the price is facing resistance near the $2,210 level. It is close to the 50% Fib retracement level of the recent decline from the $2,265 swing high to the $2,155 low. The next key resistance is near the $2,250 level or $2,2...
|Analyst Gives BONK Price Outlook, Thinks Token Could Hit $0.00004 As Ano...
BONK is a trending meme token that has seen a massive 71% increase in value over the past week, reaching $0.000018 at press time.
This growth follows its recent listing on major exchanges like Binance and Coinbase. In the last month, BONK's value has surged by 300% and is up by 21,000% since its all-time low in December last year.
These figures have positioned BONK as one of the top-performing cryptos in 2023 and highlight its potential for further growth with upcoming listings.
Riding the Wave of Exchange Listings and Market Optimism
The recent surge in BONK's value is closely tied to its adoption by leading crypto exchanges. Last week, Binance announced new spot trading pairs for Bonk with multiple trading pairs in response to growing user interest.
Moreover, the listings from Coinbase and Crypto.com pushed BONK's price to rise over 1000% in mere weeks.
This inclusion in major exchanges and Binance's decision to add BONK to Margin trading has been key in its price surge.
Moreover, Blockworks, a well-known crypto analysis platform, Tweeted about how BONK is 2023’s top Coinbase listing.
On its daily chart, BONK’s price chart shows a steady upward trend over two months, forming an 'ascending channel pattern.'
This pattern suggests strong ongoing buyer interest, particularly in the $0.000012-$0.000013 price range.
Prominent analysts like Jacob Crypto Bury and platforms like CoinCodex predict further growth for BONK, with potential targets of $0.00004 and $0.00006,...