However, in the long term, the ETF is predicted to be a significant catalyst for the price increase of both major cryptocurrencies. Well before its approval, several analysts have made predictions regarding their crypto market capitalization, particularly regarding the price of ETH, which is said to be equivalent to the demand for BTC when the … Read more
Cryptocurrency market capitalization predictions come from several analysts, mentioning that the combined market value of Bitcoin (BTC) and Ethereum (ETH) could potentially reach US$4.2 trillion. Meanwhile, the presale of BlockDAG Network has already surpassed the US$31 million mark. Bitcoin and Ethereum Price Projections On Wednesday, May 22, 2024, the price of Bitcoin surged to over … Read more
Babenski isn’t the only crypto analyst foreseeing a potential breakout for XRP in 2024. Another crypto analyst, U-Copy, also highlights this possibility. Sharing their analysis on X, U-Copy points out that XRP is nearing the end of its triangle formation, which began in 2017. They note that the last gap was filled at the $0.46 … Read more
According to a recent analysis posted on TradingView by crypto analyst Babenski, there’s much-needed hope for XRP investors. Babenski suggests that XRP is currently attempting to break out of its long accumulation trend and may succeed this time. The accumulation period, spanning seven years, began in 2017 after a significant bullish spike, and it was … Read more
In recent crypto news, BlockDAG has rapidly emerged as a cornerstone in the crypto industry, attracting investors worldwide after successfully raising $32.7 million in its presale. The upcoming launch of BlockDAG’s main net utilizes an algorithm derived from the Directed Acyclic Graph (DAG) architecture. This blockchain technology is claimed to be more efficient than existing … Read more
John Deaton, a pro-XRP attorney, has demanded the resignation of SEC Chair Gary Gensler following recent developments in the crypto world. This call comes amidst legal disputes and criticism of the SEC’s regulatory and enforcement approaches toward cryptocurrencies in the United States. Background of the Demand Deaton’s demand emerged after a judge ordered the SEC … Read more
Despite experiencing a significant decline from its peak, currently trading 70% below its all-time high, Shiba Inu (SHIB) has demonstrated some resilience. Over the past 30 days, SHIB has recorded a 4% increase. However, this performance lags behind other memecoins in the current bull cycle. Performance Comparison with Other Memecoins Tokens based on the Solana … Read more
Remarkable Return on Investment An investor who held a significant amount of Shiba Inu (SHIB) tokens for over three years has become a billionaire after selling them for an astonishing 41,900% profit. This incredible story, reported by Lookonchain, highlights the journey of this SHIB investor. The Investor’s Journey According to Crypto Briefing, on February 1, … Read more
Discussing the potential of the crypto market, Michael Wyann, a Research Analyst at Reku and Web3 Educator, highlighted that historically, Bitcoin experiences a rally within 1-6 months after halving. This rally is typically followed by the emergence of an altcoin season or “altseason.” Indicators of Altseason “Altseason occurs when altcoins perform significantly better than Bitcoin. … Read more
To enhance public understanding and increase crypto adoption in Indonesia, literacy and education regarding crypto investments need to be continuously improved. Key Advice for Crypto Investors Tirta Karma Sanjaya, Head of the Bureau of Development and Supervision of Futures Trading (Bappebti), emphasized the importance of thorough research and prudent investment practices. He advised potential investors … Read more
Despite the promising growth, Robby emphasized that the crypto industry in Indonesia still faces significant challenges, particularly the lack of literacy regarding the inclusivity of crypto assets. Research Findings on Crypto Investment Reluctance This challenge is reflected in research conducted by Reku involving 300 respondents in the Java-Bali region, investigating why people have not yet … Read more
During the same period, crypto transactions in Indonesia reached IDR 158.84 trillion. Robby, the Chief Compliance Officer (CCO) of Reku and Chairman of both the Aspakrindo and the Indonesian Blockchain Association (ABI), mentioned that the crypto industry has become competitive, paralleling the growth of conventional investment instruments in Indonesia, such as stocks. According to Robby, … Read more