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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

ChatGPT Analyzes if the Ripple v. SEC Lawsuit Will be Over in 2024

13 hours ago

TL;DR
The lawsuit between Ripple and the SEC is approaching a crucial trial in April 2023, with potential long-term impacts on the cryptocurrency sector and possibilities of extended legal battles through appeals.
Ripple has gained key partial legal victories, but the final outcome and its implications are still uncertain.

Could We See the Conclusion This Year?
The lawsuit between Ripple and the United States Securities and Exchange Commission has been among the trendiest topics in the cryptocurrency industry for years. It dates back to December 2020, when the agency accused the company of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. 
For its part, Ripple argues that its native token is a currency rather than a security

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Massive Shiba Inu (SHIB) Price Prediction for the Immediate Short Term

15 hours ago

TL;DR
One forecast suggests a 51% rise in Shiba Inu price in the near future.
SHIB’s aggressive token burning, the advancement of Shibarium, and other factors can positively impact the asset’s value.

SHIB’s Chances of Price Ascent
Shiba Inu’s valuation has been underperforming lately, falling by 4.5% on a weekly scale (per CoinGecko’s data). Despite standing far from its all-time high levels (registered in 2021), the asset remains an intriguing topic and is often a subject of bullish predictions.
One such forecast came from the popular X (Twitter) user $SHIB KNIGHT. The analyst thinks SHIB might be on the verge of a breakout, envisioning a 51% increase in the following seven days.  

$SHIB 1WEEK Chart:
Breakout target is 1400. Breakout should be confirmed, it’s still

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Uniswap (UNI) Explodes 50% Minutes After a Major Proposal

1 day ago

TL;DR
UNI surged 50% following a proposal for a fee reward mechanism for token holders.
This rise contrasts with the broader market’s consolidation.
UNI – the native token of Uniswap Protocol – skyrocketed by over 50% in minutes, reaching a nearly two-year high of approximately $11.
UNI Price, Source: CoinGeckoThe increase happened shortly after the Uniswap Foundation (UF) proposed the creation of a fee mechanism that rewards UNI holders who have staked and delegated their tokens.
“This proposal seeks to invigorate and strengthen Uniswap’s governance system by incentivizing active, engaged, and thoughtful delegation,” the team added.
The proposal also states that if there are no major blockers, the Snapshot vote will be posted on March 1st, 2024, while the on-chain vote

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Here’s When Ripple (XRP) Will Hit $1.40 According to Popular Analyst

2 days ago

TL;DR
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

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4 Reasons Why the Ethereum (ETH) Price Could Keep Soaring in the Near Future

4 days ago

TL;DR
Ethereum’s recent price surge coincides with a shift towards self-custody and an anticipated blockchain upgrade.
ETH’s valuation might also be positively impacted by regulatory developments, among other reasons.

Abandoning Exchanges
The price of Ethereum (ETH) has increased significantly in the past several weeks, recently surpassing the $3,000 milestone for the first time since the spring of 2022. Some on-chain metrics suggest that the asset might be poised for a further rally.
According to CryptoQuant data, Ethereum’s exchange netflow has been predominantly negative in the past month, charting massive red candles in the last few days.

ETH Exchange Netflow, Source: CryptoQuantShifting from centralized platforms to self-custody methods is considered bullish as it

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Shiba Inu (SHIB) Achieves Another Massive Milestone: Details

4 days ago

TL;DR
Shibarium’s usage and growth metrics show strong adoption, with transactions and wallet addresses increasing.
This growth could positively impact Shiba Inu’s price, which has seen a modest rise recently.

Shiba Inu’s layer-2 blockchain solution – Shibarium – continues to make waves, frequently smashing various milestones.
On February 19, daily transactions on the network surged to 3 million, whereas the number of total transactions surpassed the 360 million mark. Wallet addresses currently stand at more than 1.3 million, while total blocks exceeded the 3 million level at the beginning of the month.
Shibarium, which officially saw the light of day in August last year, is designed to service the needs of the Shiba Inu ecosystem. It aims at lowering transaction fees and

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Important Binance Announcement Affecting Controversial Ethereum Pairs

6 days ago

TL;DR
Binance will discontinue support for specific leveraged token pairs, converting any held by users into USDT.
The move is part of the company’s ongoing effort to refine its product offerings.

The world’s largest cryptocurrency exchange – Binance – announced it will cease support for the following leveraged token pairs: BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT, and BTCDOWN/USDT by April 3. 
Trading and subscription options for the affected tokens will be terminated on February 28. The company did not provide a reason behind its move, reminding that it conducts regular reviews of its product offerings and leaves only those providing users with “the most value and competitive services.”
“If users are still holding the aforementioned tokens after

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ChatGPT Analyzes Which Solana Meme Coin Has the Best Chance to Flip Dogecoin (DOGE) This Year

22 days ago

TL;DR
Solana-based meme coins such as Bonk Inu, dogwifhat, and Myro have gained popularity, with their ability to outperform Dogecoin depending on technological advances, community growth, and market acceptance.
Their success is closely tied to SOL’s performance, which has recently rallied substantially.

What are the Odds?
Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have taken center stage as of late, charting explosive gains and capturing the investors’ attention. We decided to ask ChatGPT whether their progress would continue throughout the year and if one of them could eventually flip the largest meme coin by market capitalization – Dogecoin (DOGE).
The AI-powered chatbot claimed that such a scenario is highly speculative but

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Is Ripple (XRP) Price Ready to Catapult in February: These Analysts Chip in

23 days ago

TL;DR
Analysts predict a short-term increase in XRP’s value, with some viewing the current moment as a “buy-the-dip” opportunity.
Long-term forecasts are highly optimistic, reaching up to $594 by 2050, despite ongoing trends and the historical size of the cryptocurrency market.

The Most Recent XRP Predictions
Ripple’s XRP might have underperformed in the past month, but multiple analysts remain confident its price would thrive in the short term.
According to the X (Twitter) user EGRAG CRYPTO, the asset’s value “is destined” never to close below $0.50 on a monthly timeframe. Currently, XRP hovers exactly that mark (per CoinGecko’s data).
The analyst believes the recent downfall presents “a generational buying opportunity” for investors, adding that the price might soar

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Massive Increase in the Shiba Inu (SHIB) Burn Rate amid Market Resurgence

25 days ago

TL;DR
Shiba Inu’s burn rate spiked drastically, significantly reducing its circulating supply.
The development aligns with SHIB’s recent price increase amid a general upswing in the cryptocurrency market.

The popular meme coin Shiba Inu witnessed a burn rate spike of 1,400% for the past 24 hours, resulting in more than 60 million tokens being removed from circulation. Since the beginning of the year, the number of destroyed assets has surpassed the 9 billion mark.
Shiba Inu has adopted that mechanism to reduce the tremendous circulating supply of SHIB, making it scarcer and potentially more valuable in the future. According to Shibburn, over 41% of the asset’s maximum supply has already been burned.
Every time a transaction is made on the network, a certain percentage of

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We Asked ChatGPT if Solana Meme Coin Dogwifhat (WIF) Price Will Reach $1 in 2024

28 days ago

TL;DR
Dogwifhat (WIF) has rapidly increased in value in the past several weeks. Its potential to reach $1 depends on numerous factors like favorable market conditions.
Short-term predictions suggest a 2024 price range of $0.33 to $0.76, while long-term expectations see it possibly exceeding $2.50 by 2030.

Is There a Chance?
Despite emerging less than two months ago, the Solana-based meme coin dogwifhat (WIF) managed to get a significant amount of attention. Its price spiked by over 90% in the past month and currently hovers around $0.30 (per CoinGecko’s data). We decided to ask ChatGPT whether the upswing could continue throughout 2024 and if WIF can hit the $1 milestone.
The AI-powered chatbot estimated there is such a chance, but the probable rally relies on multiple

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The Most Exciting Ripple (XRP) Price Predictions as of Late

28 days ago

TL;DR
Analysts predict a potential rally for Ripple’s XRP, with forecasts ranging from $1.40 to over $10.
Dark Defender suggests the coin is already on a bullish trend, with predictions of reaching up to $22.50 in the coming months.

Crossing the $1 Mark This Year?
Despite being on a downfall in the past few months, many analysts remain optimistic about the future of Ripple’s XRP. EGRAG CRYPTO – an X (Twitter) user who regularly presents forecasts – recently suggested that the asset’s price could rally toward $1.40 by April this year. He further predicted that the next stop after that might be an all-time high of $5.
Ripple is scheduled to meet the United States Securities and Exchange Commission (SEC) on a grand trial on April 23. According to many, the company has better

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Four Factors Indicating a Potential Shiba Inu (SHIB) Bull Run Incoming

28 days ago

TL;DR
Some important elements indicate a potential upswing for Shiba Inu in the short term.
Developments in SHIB’s layer-2 blockchain solution and a resurgence of the meme coin sector could support this rally.

Is it Time for a SHIB Rally?
Shiba Inu (SHIB), similar to many other cryptocurrencies, has underperformed in the past several days, with its price plunging by 3% on a two-week scale (per CoinGecko’s data). However, some essential metrics and factors hint that the correction might be near its end.
According to CryptoQuant, SHIB exchange netflow has been positive only once in the past eight days. Shifting from centralized exchanges to self-custody methods is considered bullish since it reduces the immediate selling pressure.
SHIB Exchange Netflow, Source:

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Spot Ripple (XRP) ETF Highly Unlikely Unless The Following Happens: Analyst

January 24, 2024

TL;DR
Speculation about a spot XRP ETF has risen following the approval of Bitcoin ETFs in the US, but the ongoing Ripple/SEC lawsuit poses a significant obstacle.
One expert suggests that the launch of the product might be more likely after 2024, pending clearer regulatory guidance.

Are There Any Chances?
The historic approval of several spot Bitcoin ETFs in the United States has given the XRP army (a term referring to the enthusiastic community of XRP investors and supporters) the opportunity to speculate that a similar product with Ripple’s coin as an underlying asset might pop up.
However, some analysts reportedly rejected that option, citing the ongoing lawsuit between Ripple and the US SEC as an obstacle. According to Townsend Lansing (CoinShares’ head of product),

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Important Ripple v. SEC Lawsuit Development

January 24, 2024

TL;DR
The SEC is seeking Ripple’s financial records for evidence in their legal case.
The company has previously secured favorable court rulings, including a decision on the nature of some of its XRP sales.
The United States Securities and Exchange Commission (SEC) filed a new motion compelling Ripple to hand over essential documents such as the company’s financial statements for 2022 and 2023 and its post-complaint XRP sales contracts.
The regulator argued that those records could provide important information and show whether the firm has violated certain securities laws.
As CryptoPotato reported, the Commission filed the same motion earlier this month, and Ripple had until January 17 to react. 
The company first insisted the deadline for a response be prolonged to

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Cardano (ADA) Outperforms Bitcoin and Ethereum in This Key Metric: Details

January 23, 2024

TL;DR
Cardano’s coin tops BTC and ETH in certain fields but faces a price decline.
Market trends are bearish, yet experts stay optimistic about ADA’s future.

According to market intelligence platform Santiment, Cardano’s ADA was the top cryptocurrency by development activity in the last 30 days.
Polkadot (DOT) and Kusama (KSM) ranked second and third, respectively, while Ethereum (ETH) was placed tenth. Interestingly, Bitcoin (BTC) did not find a spot on the list.

🧑‍💻 Here are #crypto‘s top coins by development activity. Notable #github commits past 30d:
1 @cardano $ADAT2 @polkadot $DOTT2 @kusamanetwork $KSM4 @optimismFNP $OP5 @ethstatus $SNT6 @hedera $HBAR7 @cosmos $ATOM8 @dfinity $ICP9 @chainlink $LINK10 @ethereum $ETH pic.twitter.com/zhN01674ag
— Santiment

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Here is How Much Bitcoin (BTC) Drake Lost Betting on UFC Match

January 22, 2024

TL;DR
The Canadian musician Drake faced another betting loss in Bitcoin on a UFC fight, adding to his history of unsuccessful sports wagers.
The trend of athletes and teams experiencing losses after Drake’s bets has been termed “the Drake curse,” with examples spanning multiple sports.

Not the Right Pick
The famous Canadian rapper, singer, and actor – Aubrey Drake Graham (better known as Drake) – lost $700,000 worth of Bitcoin (BTC) after betting on a UFC fight over the weekend, using the crypto platform Stake. He predicted that Sean Strickland would beat Dricus du Plessis – the bet carried an estimated profit of over $650,000 in BTC. 
Unfortunately for both Strickland and Drake, things didn’t go as planned. The fighter landed severe blows to his opponent but eventually

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Shiba Inu (SHIB) Blasts Through Another Big Milestone

January 22, 2024

TL;DR
Shibarium sees a surge in transactions and wallet addresses.
SHIB’s price drops, aligning with a general downturn in the cryptocurrency market.

The Latest Achievement
Shiba Inu’s layer-2 blockchain solution – Shibarium – made waves again, with total transactions surpassing 300 million. The achievement follows a successful month, during which the network witnessed daily transactions in the range of 1.2 – 7.8 million.
Shibarium Daily Transactions, Source: ShibariumscanIn addition, the number of wallet addresses surged above 1.3 million, whereas total blocks near the 2.8 million mark.
The newly reached milestone comes approximately a week after the crypto exchange Gate.io enabled users to purchase and send BONE tokens to Shibarium through the platform. Prior to that,

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Cryptic Tweets from Major Exchange Get Ripple (XRP) Users Excited: Details

January 22, 2024

TL;DR
Gemini’s recent tweets about XRP led to widespread speculation among the cryptocurrency community.
A cryptic riddle posted by the firm intensified the hypothesis, with many anticipating an XRP-related announcement.

The cryptocurrency exchange Gemini sparked a speculative frenzy after posting a series of tweets related to Ripple’s XRP.
The posts included phrases like “Don’t forget about xrp,” “xcited about xrp,” and xrriving shortly,” allowing the community to guess what move might be on the horizon.
Some assumed that Gemini might introduce new services involving the cryptocurrency, while others suggested that the interaction on X could be a precursor for a spot XRP ETF filed with a European partner.

Recall that the exchange recently received approval to operate as

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Cardano (ADA) Surpassed Ethereum (ETH) on Multiple Fronts: Details

January 21, 2024

TL;DR
Cardano’s whale transaction volumes and NFT sales have been notable lately.
ADA’s price has recently underperformed compared to ETH, but experts anticipate a potential rally influenced by upcoming events and developments in the crypto industry.

According to IntoTheBlock data, Cardano whales have settled an average of $13 billion in large daily transactions for the past week. In comparison, Ethereum’s figure stood at $5 billion.

Cardano whales have been quite active for the past few months. $13B in large transactions (>$100k) is being settled on Cardano daily on average. A significant amount, if you compare it to Ethereum’s $5B 7-day average. pic.twitter.com/8rjeQZaonU
— IntoTheBlock (@intotheblock) January 18, 2024
Cardano has also made progress on the non-fungible

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ChatGPT Analyzes if Cardano (ADA) Price Will Surpass $1 This Year

January 21, 2024

TL;DR
Cardano’s ADA rallied substantially last year, with potential for more growth in 2024 due to multiple factors.
Analysts point to further catalysts such as recent developments and the outcome of Coinbase’s lawsuit involving ADA for potential price increases.

Considering ‘Various Factors’
Last year has been highly successful for Cardano’s ADA, which rallied over 140%, reaching the $0.60 mark on New Year’s Eve. We decided to ask the popular AI-powered chatbot – ChatGPT – whether its price could surge even more in 2024, eventually surpassing $1.
It claimed that such a scenario is not out of the cards but relies on certain elements that need to take place. The first is a favorable market trend that could impact the value of many cryptocurrencies, including ADA.

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Top Bitcoin (BTC) Price Predictions as of Late

January 20, 2024

TL;DR
Robert Kiyosaki, Fundstrat’s Tom Lee, and “PlanB” laid out optimistic predictions for Bitcoin’s future price.
Contrasting views come from analysts like Philakone and Crypto Rover, who foresee a possible short-term correction, and Peter Schiff, who anticipates regulatory challenges impacting BTC’s value.

Kiyosaki’s Forecast
There was a significant uptick in Bitcoin’s price in the first several days of 2024, with a peak of approximately $49,000 reached a day after the US SEC approved multiple spot BTC ETFs (including BlackRock’s application). Since then, though, the asset has been on a downtrend, eventually stopping at its current level of $41,300 (per CoinGecko’s data).
It would be interesting to follow BTC’s price performance throughout 2024 (which has yet to offer

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We Asked ChatGPT if Solana Meme Coin Dogwifhat (WIF) Can Flip Shiba Inu (SHIB) in 2024

January 20, 2024

TL;DR
Dogwifhat (WIF), a Solana-based meme coin, saw a substantial price increase recently.
A potential surpassing of Shiba Inu’s market cap hinges on factors like community support, use cases, market trends, and more.

What are the Chances?
The Solana-based meme coin – dogwifhat (WIF) – has been among the best-performing cryptocurrencies in the past two weeks, with its price exploding by triple digits (per Coingecko’s data) and market cap briefly exceeding $450 million.
WIF Price, Source: CoinGeckoWe decided to ask ChatGPT whether the uptrend could continue throughout 2024 and whether flippening Shiba Inu (SHIB) is possible.
The AI-powered chatbot claimed this might happen should WIF significantly strengthen the size and activity of its supporter base (including

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Shiba Inu Burn Rate Explodes 3,000% But the SHIB Price Corrects

January 18, 2024

TL;DR
Shiba Inu experienced a substantial increase in its token burn rate, but its price continues to decline.
Shibarium saw a rise in daily transactions, signaling growth in the meme coin’s ecosystem.

Burn Rate Goes Through the Roof
The popular meme coin – Shiba Inu – witnessed a burn rate increase of nearly 3,000% in the past 24 hours, resulting in over 30 million tokens being removed from circulation.
The program aims to reduce the circulating supply of SHIB, making it scarcer and potentially more valuable. Since the beginning of 2024, the meme coin saw more than 9 billion assets destroyed (approximately 10% of the amount burned throughout the entire 2023).
However, SHIB’s price has been downsliding lately, resonating with the broader market correction. According to

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Shiba Inu’s BONE Spikes 10% After This Popular Exchange Adds Support to Shibarium

January 16, 2024

TL;DR
A well-known crypto exchange allowed customers to purchase and send BONE tokens to Shibarium through its platform.
BONE’s price experienced a notable increase following the disclosure.
Shibarium’s Marketing Strategist, going by the handle LUCIE on X (formerly known as Twitter), praised the crypto exchange Gate.io for supporting the layer-2 blockchain solution. Users are now allowed to purchase and send BONE tokens to Shibarium via the platform.

Huge shoutout to @gate_io for introducing #Shibarium support!
Now, easily purchase and send Bone to #Shibarium through Gateio. Appreciate this
Thank you pic.twitter.com/TOjYOXe42k
— | Shibarium ⛓️ (@LucieSHIB) January 15, 2024
BONE (the governance token of Shiba Inu’s decentralized exchange ShibaSwap) reacted positively to

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This Hasn’t Happened to Bitcoin (BTC) in Almost 3 Months

January 15, 2024

TL;DR
Bitcoin Volatility: Bitcoin’s price swings as of late might have led to changes in the BTC Fear and Greed Index.
Bitcoin Halving Event: The upcoming halving in April 2024 is anticipated to impact the asset’s supply and demand, possibly affecting investors’ sentiment.

No More Greed
The historic approval of spot Bitcoin ETFs in the United States and all the surrounding drama have taken their toll on Bitcoin, which soared to $49,000 on January 11 but later descended to its current level of $42,600 (per CoinGecko’s data).
The huge volatility might be one factor that has affected the popular BTC Fear and Greed Index. The metric, whose result is based on social media buzz, surveys, market momentum, and other elements, dropped to a “Neutral” territory today (January 15)

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Is Ripple (XRP) Price About to Explode in the Coming Months? Analysts Chip in

January 15, 2024

TL;DR
Recent Performance and Analyst Views: Ripple’s XRP has seen varying price levels recently, with some analysts predicting an upturn.
Factors Influencing Future Trends: Several factors, including Ripple’s legal developments and broader market conditions, could play a role in shaping XRP’s performance.

XRP Bulls Remain Optimistic
Despite some episodic price jumps, Ripple’s XRP has not started the year on the right foot, currently hovering around $0.58 (per CoinGecko’s data) and trading far from its peaks of over $0.80 registered last summer. However, numerous crypto analysts believe the trend could change in the near future.
The X (Twitter) user Crypto Rover shared a chart, according to which XRP might experience a “massive breakout” in the next eight weeks. 
Dark

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How High Will Solana Go? Watch These SOL Price Predictions by Experts

January 14, 2024

TL;DR
Solana’s native token SOL had a remarkable 2023, surging over 1,000% and exceeding $100.
Analysts on Twitter, like Ali and JAKE, foresee potential SOL gains within the following months.
Trader Alex Krüger suggests the possibility of a Solana ETF in the US next year, which could attract more capital into the ecosystem.
Is SOL Ready for a Further Rally?
SOL performed exceptionally last year, skyrocketing by over 1,000% and surpassing the $100 mark. Numerous experts believe the upswing will continue in the following months.
One of those is the X (Twitter) user Ali, who suggested Solana “is showing signs of forming a bull flag.” The analyst thinks that a “decisive close” above the $110 resistance level could be a catalyst for a rally toward $163.
The popular content

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We Asked ChatGPT if 2024 Will be Successful for Meme Coin Investors

January 14, 2024

TL;DR
Meme coins are in the spotlight due to market changes, and their success in 2024 is uncertain and influenced by various factors.
Positive trends in the broader crypto market, including Bitcoin-related developments and social media hype, could impact meme coins’ performance.
Newer meme coins like Bonk Inu and dogwifhat have seen growth, with their future potentially linked to the overall performance of Solana.

Will Meme Coins Flourish This Year?
Meme coins have been making the headlines as of late due to numerous developments or enhanced price volatility. We decided to ask the most popular AI-based chatbot whether or not they will continue to be successful in 2024. 
According to ChatGPT, the answer relies on certain essential factors and involves a high degree of

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Top Cardano (ADA) Price Predictions as of Late

January 14, 2024

TL;DR
Analysts remain optimistic about Cardano’s ADA, predicting serious gains throughout the ongoing year.
Predictions include potential short-term targets of $1 and even higher values, influenced by upcoming market events like the Bitcoin halving.

Is It Time for ADA to Shine?
Cardano’s ADA has performed quite well in the last quarter of 2023, with some analysts envisioning an even greater rally throughout 2024.
The host of the educational YouTube channel Coin Bureau is among the bulls. In one of his most recent videos, he outlined Cardano’s developments, setting a short-term target of $1. 
The X (Twitter) user Lucid highlighted Cardano’s technology, blockchain, and community and predicted a price tag of $10.
The popular cryptocurrency analyst Ali Martinez also gave his

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