The volatility of cryptocurrencies leads us to accept that the bull run is far from being linear at all. Bitcoin, which started this year with impressive performance, allowing it to flirt with $31,000, has now dropped back to $27,000. Such conditions lead Rekt, a notorious crypto analyst, to predict a decline for the queen of cryptocurrencies.
The crypto analyst, known by the pseudonym Kaleo, has 586,700 Twitter followers. In a recent tweet, he claimed that Ethereum could rise to $2,400. However, he specifies that the price will first drop to $1,600 before bouncing back. If the prediction comes true, the price of Ethereum will reach the level it last reached in May 2022 before the collapse of the Terra (LUNA) ecosystem.
A popular crypto strategist has predicted a significant drop in altcoins, while also updating their outlook on Pepecoin (PEPE) and Avalanche (AVAX), a rival of the Ethereum (ETH) network. The analyst, known by the pseudonym Sherpa, informed their 195 Twitter followers that altcoins could plummet by up to 50%.
It's no longer a secret that Bitcoin has outperformed expectations in recent months. The numbers clearly show a surge in its value. Meanwhile, despite gloomy economic and financial circumstances, Bitcoin has not experienced a significant drop. According to some experts, there might be a reason for this.
Snek (SNEK) is a memecoin that was recently launched on the Cardano blockchain. Typically, Charles Hoskinson posts about the latest developments in the Cardano ecosystem. However, lately, the founder of Cardano tweeted about the new memecoin. The community didn't miss the sudden interest of the founder in SNEK, especially at a time when memecoins are all the rage.
On May 12th, PitchBook, a capital market analysis company, published a concerning report regarding venture capital investments in the crypto sector. The document suggests that venture capital firms are less inclined to invest in the emerging industry. It turns out that the number of venture capital deals with crypto companies has decreased globally. Let's delve into the findings of PitchBook's report.
An anonymous analyst predicts an increase in the value of the SUI token, suggesting buying at around one dollar. They also recommend investing in Pepe, despite its controversial reputation, and believe that Chainlink could be a good buying opportunity once it emerges from its long accumulation period. Keep a close eye on them!
The issue of tax evasion is increasingly being debated. It's one of the key issues in the regulation of crypto within the EU. Stakeholders want to speed up the process of adoption.
Crypto exchange crashes like FTX have always been preceded by massive currency transfers. However, some observers claim that large volumes of Bitcoin have been leaving exchanges such as Binance recently. Is this the beginning of the end for this giant and its peers?
Despite the ongoing global economic crisis, the cryptocurrency space continues to grow. Evidence of this can be seen in the number of countries that have already adopted cryptocurrency. However, there are still others who remain skeptical about promoting investment in Bitcoin. Such as Ireland. According to the governor of the Central Bank of Ireland, Bitcoin is a Ponzi scheme.
One of the biggest fears of crypto players is that a blockchain will be attacked. This situation almost always results in significant losses and undermines investor confidence in the crypto industry. However, there have been recent rumors circulating about the possibility of a denial-of-service (DoS) attack on Bitcoin. It should be noted that this type of cyberattack makes transactions very difficult by disrupting the functioning of the affected network. Bitcoin maximalists have decided to react to ease concerns.
This prediction comes from Kevin Svenson, a crypto analyst with 126,000 followers on Twitter. He has stated that Bitcoin is gearing up for a bull run, and altcoins like LINK will follow it.
After months of development, the Sui blockchain's mainnet was officially launched on Wednesday, May 3rd. The network's native asset, also called Sui, has also entered the crypto market. Several crypto exchange platforms are already clamoring to list it.
It's time for Deskoin to get a makeover. After several weeks of hard work, its developers (finally!) present a new version of the platform. Several features are now available to users. You will find all the details in this article.
Crypto company Binance has been in the hot seat for the past few days. As regulators closely scrutinize the exchange, the situation seems to be going from bad to worse. Recent calls from a former SEC official are adding to the company's troubles.
The highly publicized legal battle between Ripple and the SEC continues to be a hot topic. While waiting for the verdict, analysts are speculating about the possible options for Ripple. A settlement agreement between Ripple and the SEC is still possible, but under certain conditions.
The crypto market is in turmoil since Ripple's latest announcement. The crypto company has reportedly locked up 700 million XRP and plans to sell 300 million XRP. This decision has sparked numerous questions and huge fears among crypto investors.
Fantom (FTM) is launching its own cryptocurrency bank, according to co-founder Andre Cronje. The aim is to offer financial services tailored to the crypto market. Fantom's bank will enable users to store, exchange, and spend cryptocurrencies, as well as offering other traditional banking benefits.