Tag Archives: Crypto Bits

Ripple’s ongoing case is undoubtedly at the forefront of the cryptocurrency industry, and its outcome is likely to have an impact on the price of XRP. However, analysts are taking the opportunity to forecast potential price points based on certain technical patterns, irrespective of the SEC lawsuit’s outcome. One such analyst is EGRAG CRYPTO, who recently pointed out a bullish candle formation known as the quarterly hammer. Ripple Price Prediction for 2024 The analyst points...

Artificial Intelligence has entered the scene with a bang, and that’s particularly true for OpenAI’s ChatGPT. Although not accurate on multiple occasions, it’s always good fun to poke its AI-powered brains on different hypothetical scenarios. That’s what we’ve decided to do – combining existing predictions and potential developments. Can Bitcoin Reach $1 Million? As CryptoPotato reported earlier, analysts from the well-known firm Bernstein Research gave multiple particularly...

TL;DR Ethereum’s popularity surged after the US SEC closed a particular investigation related to the asset and Pantera Capital announced plans to invest $100 million in a spot ETH ETF. Other recently-trending cryptocurrencies include the Trump-themed DJT token, ENS, and Fetch.ai (FET), which saw a 30% price increase. Attracting the Most Attention The crypto market intelligence platform Santiment revealed that Ethereum (ETH) has witnessed the largest rise in trader interest...

TL;DR Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024. High BTC open interest and negative exchange netflow suggest increased volatility and a potential bull run. BTC’s Next Possible Move The leading cryptocurrency in terms of market capitalization has underperformed as of late, with its price dipping by over 8% in the past two weeks. Currently, it trades...

TL;DR Drake suffered a substantial crypto loss after betting on the Dallas Mavericks to win the NBA finals. Additionally, he placed another $500,000 BTC bet on the Edmonton Oilers to win the NHL Stanley Cup Finals, continuing his risky wagering streak. Not Picking the Right Horse The popular Canadian rapper and actor Aubrey Drake Graham (better known as Drake) parted with $500,000 worth of Bitcoin (BTC) after betting on the Dallas Mavericks to win the NBA final against the...

TL;DR David Hirsh, Chief of the Crypto Asset and Cyber Unit at the SEC, recently resigned, denying rumors of joining a Solana-based marketplace. His departure comes as the SEC’s lawsuit against Ripple progresses, with the regulator recently lowering its proposed penalty to $102.6 million. The Crypto Expert Resigns David Hirsh – one of the longstanding members of the United States Securities and Exchange Commission (SEC) – announced on LinkedIn that he resigned from the...

TL;DR Polkadot’s DOT is down 4% weekly, trading around $6.20, but a potential resurgence might be on the horizon. Some analysts see the asset in an accumulation phase, with a bullish outlook if it holds above a certain resistance level. Rebound or Further Decline for DOT? Polkadot’s native token has not been as severely affected as other leading cryptocurrencies during the most recent market correction. Still, its price is down around 4% weekly, currently hovering around the...

TL;DR L2 scaling solution Shibarium saw one indicator surging by over 860%, indicating rising interest. However, daily transactions on the network dropped by 65%, while Shiba Inu’s price fell 20% in the last 14 days. The Rapid Increase Shiba Inu’s layer-2 scaling solution – Shibarium – keeps making waves due to its progress and the surge of some of its metrics. Most recently, the number of new accounts on the network exploded by over 860%, from just 16 (on June 15) to 154...

TL;DR Ripple plans to launch a stablecoin, Ripple USD (RLUSD), in 2024 on the XRP Ledger and Ethereum, despite SEC’s criticism. Meanwhile, XRP’s price is down, but some analysts see the current level as a buying opportunity. What’s New Around Ripple? One of Ripple’s latest developments is its upcoming stablecoin pegged to the American dollar, which should serve as a bridge between traditional finance and the crypto industry. Earlier this week, the company said it will be...

TL;DR Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to stay dominant in 2024 due to their strong recognition and ecosystems. However, many contenders could steal their thunder this year, assuming certain factors are in place. Starting With the Leaders Meme coins have been crypto’s rock stars during this bull cycle, with many experiencing impressive price increases and receiving support from leading exchanges and prominent industry figures. They are also...