Bitcoin has recently seen a surge in withdrawals from exchanges, contrary to its declining price trend. This trend suggests potential bullish sentiment among investors, despite Bitcoin’s performance remaining below the $60,000 mark. Net outflows have reached record levels, with significant withdrawals noted on specific days, hinting at investor behavior and market expectations. Explore the recent
More holders have withdrawn their Bitcoin from exchanges, but most are holding at a loss.
A crypto analyst has outlined several price targets for popular doggy-themed cryptocurrency, Shiba Inu (SHIB). The analyst has predicted that SHIB could reach the highest price level of $0.0001605 in a few years. Shiba Inu To Hit $0.0001605 Abmoon, a crypto analyst at TradingView, a financial market analysis platform, has shared bullish predictions for Shiba
Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run. How XRP Price Could Replicate 2017 Price Gains Dark Defender claimed in an X (formerly Twitter) post that XRP’s current pattern is identical to the 2014-2017 pattern and will remain so unless the $0.3917 “Point of Control” is not protected. The analyst explained that this Point of Control (POC) refers to the price level where most trades have taken place since 2014. Related Reading: Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000 Therefore, with XRP maintaining this POC since 2014, the crypto token could replicate its historic price gain from 2017, when it rose by 61,000% in 280 days. In another X post, Dark Defender also claimed that XRP’s current pattern was identical to the 2013-2017 pattern he had previously highlighted. Considering this, he stated, “It will be an absolute art to see $5.85 and above.” Dark Defender also highlighted another indicator that shows XRP’s bullish prospects. He noted that the crypto token’s daily and weekly Relative Strength Index (RSI) is at “the bottom and oversold.” He added that the monthly RSI is at the same level as March 2020 and November 2022. Crypto analyst Mikybull Crypto also stated that XRP might replicate its 2017 rally, given the current price action path the crypto token is following. He predicted that the crypt token could rise above $4 if this were to happen. Mikybull Crypto added that he was confident about this scenario playing out for XRP because the sentiment around the crypto token is bleak. Meanwhile, crypto analyst Javon Marks also alluded to XRP’s price gain when he recently predicted that the crypto token could witness a 39,000% price rally and rise to $200. He made this prediction based on his Full Logarithmic Follow-Through indicator, which he noted was supported by historical data. XRP To Still Rise To As High As $18.22 In his most recent X post, Dark Defender again predicted that XRP could rise as high as $18.22. He stated that the crypto had hit the latest Fibonacci support of $0.3917 (also the POC) of the 5 Elliot Waves, with a target of $1.88, $5.85, and $18.22 now in sight. He warned that any movement below $0.3917 could alter the structure he has been observing. Related Reading: Bitcoin Strikes A Chord At The Bottom, But Can It Clear This Major Resistance? Meanwhile, the crypto analyst mentioned that a bullish reversal is on the cards for XRP, alluding to the fact that the crypto token’s weekly RSI hit the lowest points, thereby signaling that XRP is an oversold area. At the time of writing, XRP is trading at around $0.42, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Tether CEO Paolo Ardoino has recently raised concerns about the risks associated with centralized large language models (LLMs). These apprehensions follow reports of a significant security breach at OpenAI, the leading company in generative AI. The breach reportedly took place in early 2023 and exposed sensitive information, an incident revealed by The New York Times.
X, previously known as Twitter, is preparing to embed its AI chatbot, Grok, more deeply into the platform. This comes in the wake of app researcher Nima Owji finding coded references to the plans of X website for the further incorporation of Grok. These features are not yet available to the public. Also Read: Analysts
The current downturn in the crypto market is causing significant concern among investors. Experts suggest this decline may offer long-term buying opportunities for cautious investors. Industry influencers are sharing mixed reactions, reflecting the volatile sentiments in the market. The cryptocurrency market faces a steep decline, but could this be a strategic entry point for forward-thinking
The world of cryptocurrency is buzzing with the latest developments in blockchain projects. Ruby Protocol (RUBY) is making waves with its innovative approach to Web3 infrastructure, offering free airdrops through Gate.io. “Ruby Protocol is driving Web3 adoption with its intent-centric, interoperable, and privacy-preserving infrastructure,” says industry insiders. Discover how Ruby Protocol (RUBY) is accelerating the
The cryptocurrency world is abuzz as major projects prepare for significant token unlocks this week. Both Aptos and Ethereum Name Service (ENS) are prominent projects involved in these token release events. For investors, these unlocks could signal considerable market shifts depending on how the recipients manage their assets. A critical week ahead with $1 billion
July is a month full of major crypto gaming token unlocks. Over $148 million worth will be released for projects like Xai, Pixels, and Parallel.