Bitcoin’s ( BTC ) price cycle continues to gain traction, with analysts pointing to optimistic projections for its peak in this market cycle. Notably, a recent analysis by TradingShot highlights the cryptocurrency’s consistent alignment with Fibonacci extensions , suggesting a minimum peak of $185,000. This optimistic prediction is grounded in applying Fibonacci extensions to Bitcoin’s market cycles, with a focus on the 5.0 Fibonacci level, which has historically marked cycle tops. Historical patterns and Fibonacci extensions TradingShot ’s approach measures Fibonacci extensions from the cycle’s bottom to the point where Bitcoin first makes contact with the 50-week moving average (MA50). This approach has consistently predicted Bitcoin’s peak levels across past cycles. Bitcoin price analysis chart. Source: TradingShot/ TradingView For instance, in 2013, 2017, and 2021, Bitcoin reached or exceeded the 5.0 Fibonacci level, which has become a reliable marker for identifying cycle tops. The 2017 cycle even saw Bitcoin surpass this level, hinting at the potential for even greater highs Building on this historical pattern, TradingShot anticipates Bitcoin to achieve at least $185,000 in the current cycle, aligning with its established trajectory across past bull runs. Bullish outlook: $300,000 in sight? While TradingShot ’s analysis sets a baseline, other experts predict even greater heights. Crypto analyst Van Lagen has predicted a bull market peak of $300,000 by March 30, 2025. If achieved, this would represent a 200% increase from Bitcoin’s current price, propelling its market capitalization to approximately $6 trillion. However, more conservative projections provide alternative price targets. Prominent cryptocurrency analyst Ali Martinez offers a tempered outlook, forecasting Bitcoin to reach between $115,000 and $140,000 supported by technical indicators such as a bull pennant formation and Fibonacci extensions. Broader landscape: Macro and market drivers Bitcoin’s trajectory continues to gain momentum, driven by evolving macroeconomic conditions and shifting market dynamics. The cryptocurrency recently reclaimed the $100,000 mark following the release of the U.S. Consumer Price Index (CPI) data for December. The report revealed inflation in line with expectations, while core inflation showed a slower-than-anticipated rise. These factors have boosted risk assets like Bitcoin, as they signal potential Federal Reserve rate cuts in 2025, now anticipated as early as the first half of the year. In addition to macroeconomic factors, analysts remain optimistic about Bitcoin’s performance in 2025, with some forecasting that the asset could double in value. A significant driver of this optimism stems from the election of Donald Trump , a pro-crypto advocate, with his plans to position the United States as a global cryptocurrency investment hub further fueling market confidence. Prominent financial institutions are also weighing in on Bitcoin’s potential. Standard Chartered, for instance, predicts that Bitcoin could reach $200,000 by 2025, with institutional investors playing a critical role in driving the price higher. Bitcoin price analysis At the press time, Bitcoin was trading at $99,181, reflecting a seven-day gain of 4%. However, on the daily chart, the cryptocurrency has seen a modest decline of 0.04%. Bitcoin seven-day price chart. Source: Finbold As market participants monitor upcoming macroeconomic indicators and developments, Bitcoin’s performance remains closely tied to broader economic trends. Featured image via Shutterstock The post Bitcoin analyst predicts BTC’s minimum price target for this cycle appeared first on Finbold .
Coinbase is bringing back its Bitcoin-based lending service for US users through Morpho, DL News reports. Accordingly, Coinbase users will now be able to borrow directly from the exchange by using their Bitcoin as collateral. Coinbase will launch this service in May 2023 The new Bitcoin-backed loans will be available to customers in the United States, excluding New York state, and will be available in additional regions over time. Related News: Coinbase Has Stopped Bitcoin Credit Transactions! Coinbase said the new BTC-backed loans are different from previous ones in that Coinbase does not back the loans itself, but instead is backed by Morpho, a DeFi lending protocol with $3.7 billion in deposits. Paul Frambot, CEO and co-founder of Morpho, told DL News: “Morpho allows companies like Coinbase to maintain full control over the products they produce, while also removing the need to cede control or governance to third parties like DAOs.” Coinbase Vice President of Product Max Branzburg explained in a statement that users borrow USDC in exchange for Bitcoin, and their collateral is automatically converted to cbBTC and transferred to the Morpho protocol. CbBTC is a DeFi-compatible version of Bitcoin issued by Coinbase. *This is not investment advice. Continue Reading: Coinbase is Restarting Bitcoin (BTC) Service After Suspending It Almost 2 Years Ago!
The cryptocurrency market experienced significant movements recently, particularly with XRP soaring to new heights amidst shifting SEC regulations. In a surprising turn of events, major shifts in regulatory oversight are
Dogecoin (DOGE) and PEPE have long been at the forefront of the meme coin market, fueled by enthusiasm and speculative buying. Yet, as the cryptocurrency landscape evolves, investor focus seems to be changing. Both coins are facing challenges in sustaining their momentum, with DOGE currently priced at $0.360 after dropping 11% this month, and PEPE experiencing volatility and struggling to hold onto recent gains. Experts believe that the era of purely speculative meme coins might be waning, as investors increasingly look for projects that offer real-world applications and scalability. This shift in interest is drawing attention to new platforms like DTX Exchange (DTX) , which holds the promise of significant transformation. Dogecoin Whales Increase Holdings Amid Elon Musk’s Caution For years, Dogecoin, the pioneer of meme coins, has captured the interest of crypto fans, and recent developments highlight its lasting charm. Whales have snapped up nearly 1 billion DOGE in just two days, aligning with a 20% price drop. Source: Tradingview Elon Musk's recent comments on the potential for cryptocurrency price drops due to resolved dollar inflation have added an intriguing layer to the market dynamics. Although some investors have decided to sell off their DOGE, the significant purchases by whales suggest a belief in future price recovery. Despite this hopeful outlook, Dogecoin struggles to maintain upward movement. Musk's influence and speculative activity drive short-term price surges, but the lack of robust utility beyond its meme status makes it susceptible to market changes. Investors seeking more dependable, utility-focused options are increasingly gravitating toward alternatives like DTX Exchange. PEPE's Chart Hints at a Bullish Surge PEPE, an Ethereum-based meme token, is indicating strong potential for a breakout. After pulling back from its peak of $0.00002825, PEPE has climbed back above the crucial $0.000017 mark, which analysts consider a foundation for its next upward movement. Source: Tradingview Market experts note that PEPE's trading volume has soared, nearly tripling that of Shiba Inu (SHIB). This rise in activity highlights PEPE's growing market focus, with some analysts forecasting its market cap could reach $50 billion, translating to a price of $0.0001192—a 6.8x increase from its current value. While PEPE's speculative charm remains intact, its ability to keep momentum will hinge on its market behavior and if it can sustain its increasing trading volume, now among the highest in the meme token sector. Analysts believe its recent price rebound above key support levels could serve as a catalyst for further price increases, ensuring it stays in the spotlight. DTX Exchange: The $0.14 Altcoin Steering a Market Transition As meme coins like Dogecoin and PEPE battle for attention, DTX Exchange is establishing itself as a revolutionary force in the crypto trading world. With its presale set at $0.14 and over $11.8 million raised, DTX has become a promising investment option for those eager to ride the next wave of blockchain advancements. DTX’s attractiveness lies in its capacity to combine centralized and decentralized trading, providing access to over 100,000 assets, including stocks, forex, bonds, ETFs, and cryptocurrencies, on a unified platform. This comprehensive approach removes the hassle of managing multiple platforms for traders, making it a significant innovation in a $10 billion trading market. The platform’s layer-1 VulcanX blockchain has recently attained a groundbreaking 200,000 TPS during its testnet phase, setting new standards for scalability and positioning DTX as one of the fastest trading ecosystems in the market. Enhancing its appeal is DTX's emphasis on Real World Asset (RWA) tokenization, enabling users to invest in tokenized real estate, commodities, and other traditionally inaccessible markets. Its Phoenix Wallet, with more than 50,000 downloads, offers secure and user-friendly multi-asset custody, further boosting its usability. With predictions of 10x or greater returns, DTX is quickly becoming a favored choice for investors looking for more stable, utility-focused alternatives to speculative meme tokens. Market Perspective Dogecoin and PEPE continue to lead the meme coin landscape but remain susceptible to price swings. Meanwhile, DTX Exchange is emerging as a utility-focused contender, showcasing scalable technology, asset tokenization, and presale success exceeding $11.8 million. As the market pivots towards more sustainable ventures, DTX stands out as a promising candidate for long-term growth into 2025. To learn more about the DTX Exchange ecosystem, visit: Visit Website Buy Presale Join Community Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Dogecoin (DOGE) and PEPE have long dominated the meme coin space, riding waves of hype and speculative interest. However, as the crypto market matures, investor priorities appear to be shifting. Both tokens have struggled to maintain momentum, with DOGE trading at $0.360 after a 11% decline this month, while PEPE remains volatile, unable to hold its recent gains. Analysts suggest that the era of purely speculative meme coins may be losing steam, as market participants increasingly seek projects offering real-world utility and scalability. This trend is driving attention to emerging platforms like DTX Exchange (DTX) , which promises transformative potential. Dogecoin Whales Accumulate Amid Elon Musk’s Warning Dogecoin, the original meme coin, has been a focal point of crypto enthusiasts for years, and recent activity underscores its enduring appeal. Whales have purchased nearly 1 billion DOGE within 48 hours, coinciding with a 20% price dip. Source: Tradingview Elon Musk’s recent remarks about potential price declines across cryptocurrencies due to resolved dollar inflation have added intrigue to the market. While some investors offloaded their DOGE holdings, large-scale whale purchases suggest confidence in a future price rebound. Despite this optimism, Dogecoin faces challenges in sustaining upward momentum. Musk’s influence, along with speculative buying, continues to drive short-term rallies, but the lack of significant utility beyond its meme coin status leaves it vulnerable to market shifts. Traders looking for more stable, utility-oriented investments are increasingly turning to alternatives like DTX Exchange. PEPE’s Price Chart Signals a Bullish Breakout PEPE, the Ethereum-based meme coin, is showing strong signs of a potential breakout. After retracing from its all-time high of $0.00002825, PEPE has rebounded to trade above the critical $0.000017 level, which analysts believe could act as a launchpad for its next leg up. Source: Tradingview According to market analysts, PEPE’s trading volume has surged, nearly tripling that of Shiba Inu (SHIB). This heightened activity underscores the market’s attention on PEPE, with some experts predicting it could reach a $50 billion market cap, equating to a price of $0.0001192—a 6.8x gain from its current value. While PEPE’s speculative allure remains strong, its ability to sustain momentum will depend on its market performance and whether it can maintain its growing trading volume, which is now among the highest in the meme coin space. Analysts suggest that its recent price recovery above critical support levels could act as a springboard for further gains, keeping it firmly in the spotlight. DTX Exchange: The $0.14 Utility Altcoin Leading a Market Shift While meme coins like Dogecoin and PEPE fight for relevance, DTX Exchange is emerging as a transformative force in the crypto trading ecosystem. With its presale priced at $0.14 and over $11.8 million raised, DTX has positioned itself as a high-potential investment for those looking to capitalize on the next wave of blockchain innovation. DTX’s appeal lies in its ability to bridge centralized and decentralized trading, offering access to over 100,000 assets, including stocks, forex, bonds, ETFs, and cryptocurrencies, on a single platform. This unified approach eliminates the need for traders to juggle multiple platforms, making it a game-changer in a $10 billion trading industry. The platform’s layer-1 VulcanX blockchain recently achieved a record-breaking 200,000 TPS during its testnet, setting a new benchmark for scalability and positioning DTX as one of the fastest trading ecosystems in the industry. Adding to its appeal is DTX’s focus on Real World Asset (RWA) tokenization, allowing users to invest in tokenized real estate, commodities, and other traditionally illiquid markets. Its Phoenix Wallet, with over 50,000 downloads, offers secure and seamless multi-asset custody, further enhancing its usability. With analysts predicting 10x or higher returns, DTX is quickly becoming a top choice for investors seeking more stable, utility-driven alternatives to speculative meme coins. Market Outlook Dogecoin and PEPE lead the meme coin scene but remain prone to volatility. Meanwhile, DTX Exchange is emerging as a utility-driven alternative, offering scalable tech, asset tokenization, and $11.8 million in presale success. As the market shifts toward sustainable projects, DTX represents a promising choice for long-term growth in 2025.. To know more about the DTX Exchange ecosystem, visit: Visit Website Buy Presale Join Community Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Polkadot price remains 40% below its highest level in December, but a rare chart pattern on the daily chart points to a strong rebound. Polkadot ( DOT ), a leading layer-1 network with a market cap of $11 billion and a staking yield of 12%, has underperformed large-cap cryptocurrencies over the past few years. This performance is likely due to its ecosystem being less prominent compared to other chains like Solana ( SOL ) and Ethereum ( ETH ). Solana is widely recognized for its meme coins and popular decentralized exchange networks like Raydium and Orca. On the other hand, Ethereum is known for its extensive ecosystem, which includes decentralized applications such as AAVE and Compound, as well as numerous ERC tokens that rely on its technology. You might also like: 3 reasons why Cardano price may surge 50% soon Polkadot is working to change this as part of the Polkadot 2.0 initiative , which aims to scale the network for a wide range of use cases. This includes upgrading its asset hub to support Ethereum Virtual Machine and Solidity-based smart contracts. Polkadot will also introduce elastic scaling, enabling developers to dynamically adjust throughput, and a unified address format. Other key upgrades planned for this year include using DOT as the universal fee token across all parachains. The developers hope these upgrades will make Polkadot the go-to blockchain for developers in industries such as gaming and decentralized finance. There are signs that these initiatives are starting to deliver results. For example, the amount of Tether and USD Coin within its ecosystem’s parachains has grown by 400% over the past 12 months, reaching more than $114 million. https://twitter.com/Polkadot/status/1879818655128555539 Polkadot is also an American crypto project that could benefit from the Trump administration. For instance, it may be one of the projects to receive a spot ETF approval. Trump has indicated he might be open to including some American crypto projects in a US reserve. Polkadot price technical analysis Polkadot price chart | Source: crypto.news The daily chart shows that the DOT price has formed two chart patterns that could drive it higher in the near term. It has formed a double-bottom pattern at $6, a widely recognized formation that often leads to bullish breakouts. Polkadot has also formed a falling wedge pattern, characterized by two descending and converging trendlines. It has moved above the 100-day moving average, a signal that bulls are gaining control. As a result, the coin is likely to experience a bullish breakout, with the next key level to watch being $11.65, its highest swing on Dec. 4 and 60% above the current level. You might also like: Stellar price prediction: Will XLM shine bright in 2025?
Jio Platforms is making waves in the Web3 space by partnering with Polygon Labs, aiming to enhance digital experiences for its vast user base. This collaboration is pivotal for Jio
Keep an eye on the crypto industry's happenings with U.Today's news digest!
Coinbase reintroduces Bitcoin-backed loans via Morpho integration, allowing USDC borrowing without selling Bitcoin. The post Coinbase brings back Bitcoin-backed loans with Morpho’s DeFi integration appeared first on Crypto Briefing .
According to a recent survey by HashKey Group , a leading Hong Kong-based digital asset firm, Bitcoin could surpass the $300,000 mark by 2025. This report comes at a time when Bitcoin has touched all-time highs of $108,267.33, which has sparked excitement within the crypto community. The report contains insights from about 50,000 community members, and it termed Bitcoin as ‘digital gold.’ As Wall Street deepens its commitment to crypto through exchange-traded funds (ETFs) and the diversification of corporate treasury, the decentralized and inflation-resistant nature of Bitcoin is emerging as a compelling alternative for institutional investors. Dr. Xiao Feng, the CEO of HashKey, spoke about the potential of the crypto market to record extraordinary growth. He projected the market cap for cryptocurrencies to reach $10 trillion by the end of this year, which is currently valued at $3.64 trillion. The growing appeal of Bitcoin to investors has several driving forces behind it, including inflation, geopolitical instability, and devaluation of currency. The prospects of Ethereum also look equally bullish, with predictions of its value reaching $8,000 by the end of 2025. Altogether, the crypto market is booming, opening up lucrative investment opportunities to enthusiasts. This is where a new and appealing coin like Mind of Pepe ($MIND) has been gaining traction. This AI-based meme coin raised $500K in 24 hours and now sits at $1.5M raised. $MIND Could Be the Real Revolution in Crypto $MIND , one of the best AI agent crypto coins to invest in right now, has introduced a self-evolving AI agent designed to provide actionable insights. It provides trend analysis and early-stage opportunities to its holders. It’s inspired by the legendary $PEPE, which now has a market cap of over $7.6B . The sophisticated technology in $MIND interacts with platforms like Twitter (now X) and decentralized applications to shape discussions autonomously. It also identifies trends. Apart from insights, $MIND is also empowering its users through high staking rewards of 1,190% APY. Early adopters can significantly benefit while AI continues to evolve. Participants can secure a stake in the project at a current price of $0.0031259. As the presales go on, this price is expected to increase. The project has allocated 15% of tokens for rewards and 10% for listing. This ensures that the price remains stable and doesn’t become volatile in the face of inflation and external market conditions. At the same time, a massive 30% of the tokens are reserved for development, which showcases the long-term vision of the project. Besides this, 20% of the tokens will be used for marketing, which will help the coin gain more support and popularity among crypto enthusiasts. Visit the official $MIND website for more information. Buying $MIND is pretty simple, too. All you need is a wallet with enough ETH. Click on ‘Buy Now’ and choose your wallet, then scan the code to connect your wallet. Enter the number of coins you want to buy and approve the transaction. From there, you can stake your coins for rewards or claim them when the presale ends. If you don’t have a wallet, we suggest choosing Best Wallet . It’s one of the best virtual wallets that allows you to manage all your crypto assets in a single place. Verdict As institutional investments look for new opportunities, MIND of Pepe emerges as the ultimate tool to stay ahead in a dynamic market. With robust tokenomics like staking incentives and community rewards, $MIND brings long-term growth and value to its holders. However, investments in crypto markets are subject to market risks. This is why it’s important to do your own research (DYOR) and not take our calculated opinions as financial advice. You can also consider consulting your own financial advisor before investing your money.