In a recent podcast, Arthur Hayes, the former CEO of Bitmex, has set ambitious price targets for Bitcoin and Dogecoin, predicting significant growth amidst evolving economic landscapes. Hayes believes that
Bitcoin price drops below $96,000, affecting altcoin markets significantly. Major cryptocurrencies experience double-digit losses, following recent geopolitical tensions. Continue Reading: Bitcoin Price Declines as Altcoins Face Significant Losses The post Bitcoin Price Declines as Altcoins Face Significant Losses appeared first on COINTURK NEWS .
Ex-Bitmex CEO Arthur Hayes issues extra bullish Dogecoin (DOGE) and Bitcoin (BTC) price predictions
Bitcoin traded quietly on Sunday, following a brief pause over the weekend after an explosive week that saw its price soar to a new all-time high of $99,655 on Friday.
Kusama’s KSM cryptocurrency surged remarkably, achieving a notable 119% increase in a single day on November 23, 2024, fueled by increased liquidity across the Polkadot ecosystem. This rally follows a
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Imagine turning a modest sum into a fortune through savvy crypto moves. With the digital currency market poised for its next major upswing, a handful of alternative coins are showing remarkable promise. This glimpse into four standout altcoins uncovers opportunities that could soar before the anticipated 2025 bull run, potentially transforming a small investment into
Optimism (OP) has experienced a market rebound in the past week gaining by 35.76% based on data from CoinMarketCap. The Ethereum layer-2 token hovers above $2.20 with investors strongly bullish on future price gains. However, certain trading indicators signal otherwise. Related Reading: Optimism: Major Partnership Pushes OP Price By 24% Optimism Likely To Fall By 18% In a November 23 post on X, renowned crypto analyst Ali Martinez shared a bearish prediction on Optimism despite the token’s current upward trend. According to Martinez, the TD Sequential has flashed a sell signal on OP’s 4-hour trading chart, presenting the potential for an imminent price dip. In trading markets, the Tom Demark (TD) Sequential indicator is commonly used to identify potential price exhaustion or continuations by analyzing patterns within price bars. After OP’s rally in the past week, the TD sequential now points to a trend exhaustion, suggesting a possible price reversal. Following this signal development, Martinez predicts OP could slide to $2.0. However, further correction could force the token’s price to around $1.80 indicating a potential 18% decline from the current market price. Martinez’s price projection is further backed by OP’s Relative Strength Index, an indicator that measures the speed and magnitude of an asset’s price movement to determine if it is overbought or oversold. According to data from OP’s 4-hour trading chart, the token’s RSI valued at 65.18 and descending from the overbought zone indicates buying pressure is weakening and a potential price correction is imminent. However, Optimism remains well above its 100-day simple moving average (SMA) which suggests a possible uptrend continuation. This factor, combined with the present strong bullish sentiments in the altcoin market suggests OP may maintain its current price rally, reaching as high as $2.5 at which lies its next significant market resistance. Related Reading: Optimism Superchain’s L2 Mode Network Launches New Governance Model – Here’s Why Optimism Price Overview At press time, Optimism exchanges hand at $2.29 following a 1.64% gain in the past 24 hours. Meanwhile, the altcoin’s daily trading volume is down by 13.17% and valued at $860.51 million. On larger time frames, OP is significantly impressive notching gains of 35.76% in seven days as earlier stated, and 33.77% in the past 30 days. Despite recent gains, the Ethereum-layer 2 token remains 54.65% away from its all-time high of $4.85. However, OP remains an investor favorite considering its status in the Ethereum ecosystem. According to data from Top 7 ICO, Optimism is the Ethereum layer-2 network with the third largest total value locked (TVL) valued at $6.46 billion falling behind Base ($7.02 billion) and Arbitrum ($14.3 billion). Featured image from Coinmonks, chart from Tradingview
KSM pulls off a mighty 119% single-day rally, following a surge in liquidity within the Polkadot and Kusama ecosystems.
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