Tag Archives: Crypto Bits

TL;DR Solana’s Growth: Solana’s Total Value Locked (TVL) surges to $465 million, a significant increase from $300 million in early October, indicating strong growth in its DeFi sector. SOL Price Surge: The SOL token price jumps over 114%, from $21 to over $45, showing substantial market appreciation but still remains 80% below its all-time high of $260. Community Resilience: Despite concerns over FTX token sales, Solana shows a robust 300% growth this year, underscoring the...

TL;DR Ripple’s XRP has seen a recent price increase, leading to a positive shift in investor sentiment, with over $355 million in futures and 91% of traders taking long positions on Bitrue. Analysts provide varied forecasts, with predictions of a continued uptrend with potential to reach $1.05 if it maintains above the $0.66 level, while others speculate a surge to $14 in the near term. Outlier predictions include a highly skeptical claim of XRP reaching $500 in the coming...

Coinbase, America’s largest cryptocurrency exchange, announced its plans to end support for Bitcoin SV (BSV) on its platform. This decision comes more than two years after the exchange initially delisted BSV from trading. Coinbase Sets Deadline for BSV Withdrawals According to the announcement, Coinbase will cease to support the BSV asset as of early next year, and users are urged to take action before January 9, 2024, to safeguard their holdings. The notice stated, “Users...

TL;DR Whale Alert detected a transfer of 4.4 trillion SHIB by anonymous wallets amid rising whale activity, coinciding with Shibarium blockchain milestones. Despite burning 1.5 billion SHIB tokens in October and efforts to reduce supply, SHIB’s price rally remains moderate, with a 15% increase over the past month. SHIB on the Move Whale Alert, which tracks large crypto transfers, detected one of the most significant SHIB movements by two anonymous wallets. According to the...

TL;DR Shiba Inu (SHIB) has surpassed Bitcoin Cash (BCH) in market capitalization, ranking as the 18th largest cryptocurrency with nearly $5 billion in value. SHIB experienced a price rally, increasing around 5% in 24 hours and 12% over two weeks, outperforming major cryptocurrencies like BTC and ETH, which have shown more stability in their price movements. The SHIB surge is potentially influenced by the development of Shibarium, a layer-2 solution aimed at reducing...

TL;DR XRP price exceeds $0.70, outshining other cryptocurrencies with significant holding by large investors and a recent spike in social media discussions. XRP’s performance, with over a 25% gain, eclipses Bitcoin’s 2% rise, reflecting a standout rally in the crypto market. Analyst predictions suggest further growth for XRP, with ambitious price targets up to $18.22, supported by optimistic technical analyses. XRP Whales on the Move Ripple’s coin – XRP – has been crypto’s...

TL;DR Solana’s SOL token has seen a significant increase in value, rising over 70% in the last month to about $40, although it remains 85% below its all-time high of nearly $260 from November 2021. The price spike comes amidst broader crypto market momentum, with SOL’s previous peak coinciding with Bitcoin’s surge above $69,000 two years prior. Recent developments for Solana include surpassing Polygon in daily DEX trading volume, reaching over $240 million, and attracting $74...

TL;DR Michael Saylor predicts Bitcoin could potentially 10x in value, bolstered by the 2024 halving event and a reduction in BTC selling pressure from miners. Saylor emphasizes the potential of a Bitcoin spot ETF to attract institutional investors, which could significantly drive up Bitcoin’s price. He advocates for a mature and stable crypto industry, citing the need for a shift away from speculative tokens towards Bitcoin, especially after Sam Bankman-Fried’s conviction for...

TL;DR CryptoCon predicts Bitcoin could reach $47k by December 2023 or January 2024, based on the Fibonacci MVRV chart analysis, a tool that compares market capitalization to realized capitalization to identify potential overbought or oversold conditions. The analyst’s previous predictions have been accurate, such as the rise of Bitcoin from around $29k and projecting a pause at $36k; he now sees the bullish trend continuing into 2024, following patterns observed in 2020....

TL;DR XRP surpassed $0.62, its highest since August, and remains bullish despite a slight drop to around $0.60, with positive market sentiment. Analyst Dark Defender predicts a potential rally to $0.66 by week’s end, with an optimistic long-term forecast of reaching $18.22 if it surpasses the $1.88 Fibonacci level. A more conservative prediction from analyst CrediBull sees XRP potentially rising to $0.90 by the summer of 2024, provided it maintains above the $0.40-$0.50...