Analyst Says Ethereum Rival Could Skyrocket by Over 130%, Updates Outlook on Dogecoin and Solana
A widely followed cryptocurrency analyst and trader is forecasting the path forward for three crypto assets.
Keep up with what's happening in the crypto world in real-time.
A widely followed cryptocurrency analyst and trader is forecasting the path forward for three crypto assets.
With Bitcoin surging over $57,000 for the first time in over two years, the cryptocurrency market is buzzing with anticipation, hinting at the possibility of the next bull run. Analysts foresee Bitcoin's trajectory soaring even higher, especially as it gears up for its next halving cycle in April. Halving cycles are traditionally viewed as bullish events as they curtail the asset supply.
With altcoins finally catching up to Bitcoin, meme coins such as Dogecoin, BONK, and PEPE have been in the spotlight. This outperformance from these meme coins has pushed their standing in the crypto market further, putting them ahead of large competitors.
The crypto market flashed bullish dominance as the bellwether Bitcoin (BTC) broke past the significant $60K threshold. BTC traded at $61,200 during this publication. Meanwhile, Tron is making strides, with the number of wallets holding TRX approaching the 100 million milestone.
As the majority of assets in the cryptocurrency industry are making bullish advances, led by its representative, Bitcoin (BTC), which itself is threatening to break the massively important price threshold at $60,000, TRON (TRX) is making a record of its own – in the number of addresses holding it.
Analyst No Bs Crypto has opened up about promising altcoins ahead of the massive bull run. The analyst discussed altcoins, focusing on a new project called Ather. They noted that Ather, while not yet launched, offers more than similar projects like Render, particularly in terms of enterprise demand and gaming applications.
Avalanche (AVAX) price has struggled this year even as its peer cryptocurrencies like Ethereum, Tron, and Bitcoin rose to their multi-year highs. AVAX was trading at $40 on Wednesday morning. While this price is 45% above its lowest point this year, it is roughly where it started the year.
How is it possible that cryptos continue to astound onlookers? It's probably the same reason why baby boomers currently hold most of the wealth: a
Here are the only three cryptos investors need to consider for long-term gains, if they don't want to see massive losses.
Bitcoin targets new highs above $55,000. Will altcoins follow?
Digital assets manager CoinShares says institutions poured $598 million into crypto investment products last week for a fourth consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark.
More than 16K AVAX tokens were burned on the 24th of February alone.
The failure to produce blocks resumed on the same day of Friday.
In the ever-evolving world of cryptocurrencies, market volatility is a constant companion for traders and investors alike. As Bitcoin and Ethereum navigate through a consolidation phase, the broader crypto market is experiencing fluctuations that can either present lucrative opportunities or pose significant risks.
AVAX may retrace toward or below $30, spurred by bears.
Prominent layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour network outage. According to Avalanche data-tracking platform Avalanche Status, the blockchain went through an outage that prevented blocks from being accepted on its primary network.
In the fast-paced world of cryptocurrency, every surge, every dip, holds the promise of reshaping the landscape. Avalanche (AVAX), with its recent surge in stablecoin liquidity, stands at the forefront of this transformation.
Solana (SOL) and Avalanche (AVAX) were top performers in 2021 and 2023, offering a more scalable solution to Ethereum (ETH). Both ecosystems grew from a few million to billions of dollars in capitalization, rewarding crypto investors who embraced the opportunity.
The Layer 1 blockchain Avalanche suffered a major outage that took its network offline for over five hours on Friday.
Crypto Price Predictions: The cryptocurrency market has been sluggish since mid-February as the Bitcoin price trajectory went sideways below the $52200 barrier. This consolidation slowed the recovery momentum in the altcoin market, with the top asset Ethereum showing a 6.65% surge, while Solana and XRP dipped by 6% and 1% respectively.
The incident comes weeks after a block ingestion issue on Avalanche.
The Avalanche developers have acknowledged the problem and are currently investigating issues with block finalization on the mainnet.
Avalanche sees a surge in stablecoin liquidity, strengthening its ecosystem.
Tenzro is launching its AI content platform on Avalanche, aiming to serve as an open, composable platform for any developer to be able to easily launch AI-powered creative content capabilities.