Bitcoin faces critical support levels ahead as market volatility increases, impacting altcoins and investor sentiment. Despite uncertainty in the short-term, institutional investment continues with MicroStrategy’s recent Bitcoin purchase, signalling confidence
MicroStrategy has bolstered its Bitcoin portfolio with another acquisition, bringing its total holdings to 446,400 BTC. This marks…
The price of the meme-inspired cryptocurrency Dogecoin (DOGE) could surge an additional 6,770% in the future is its current ascending parallel channel pattern holds, meaning it could top the $17 mark. According to popular cryptocurrency analyst Ali Martinez, DOGE has been trading within an ascending parallel channel pattern, which is a technical pattern characterized by
Summary Bitdeer has shown impressive growth, up 233% since my June “buy” rating, driven by vertical integration and diversification into HPC and AI hosting. Bitdeer stands out with its all-in-one Bitcoin mining model, including self-hosting, cloud mining, ASIC hardware, and hosting services, ensuring year-round revenue. The company is expanding its capacity, targeting 2540 MW by 2026, with significant projects in Norway, Ohio, and Bhutan, aligning with its HPC and AI diversification. Despite high R&D costs, Bitdeer maintains strong short-term liquidity and is poised for revenue growth with the commercial rollout of SEALMINER machines in 2025. Bitdeer ( BTDR) has shown impressive performance in this Bitcoin ( BTC-USD ) market cycle, being one of the new entrants into the publicly traded Bitcoin miner list, having made its market debut just last year. BTDR is up 233% since I last covered it in June with a “buy” rating. My “buy” rating in June was buoyed by the company's vertical integration strategy through the development of its proprietary ASIC mining hardware, known as the SEALMINER. Its steady capacity expansion, and the company's diversification into HPC and AI hosting. Miners' stock price Dec 4 to December 27 (Seeking Alpha) Among the Bitcoin miners, Bitdeer has recently shown a type of momentum that isn't a fluke. Since Bitcoin hit the very important $100,000 psychological level on December 4, Bitdeer has led the gains among publicly traded Bitcoin miners - a stark opposite of when I covered it in June at a time it lagged in YTD gains among miners. Bitdeer is up 47% since Bitcoin crossed that key milestone for the first time. BTDR has defied the Bitcoin-driven volatility that other Bitcoin stocks have been experiencing. Mining peers like Mara Holdings ( MARA ), Riot Platforms ( RIOT ), Hut 8 Corp. ( HUT ), Core Scientific ( CORZ ), IREN Limited ( IREN ), and CleanSpark ( CLSK ) have all recorded negative returns (see the chart above) since Bitcoin decreased from the $100k mark, now trading around $93,000; however, BTDR remains defiant. BTDR is exhibiting the characteristics of a strong growth stock, going to 2025. Strengths for Bitdeer Going Into 2025 The crypto community anticipates 2025 to be a transformative year for Bitcoin and crypto in general. The newly elected U.S. President, if true to campaign promises, will be creating a strategic Bitcoin reserve. And the creation of this reserve is a main catalyst that most Bitcoin investors are hoping for, as this will give Bitcoin more legitimacy and increase demand for the asset. If this happens, the positive effect on well-positioned Bitcoin-linked businesses will be enormous. And how well is Bitdeer positioned going into 2025 to leverage Bitcoin bull market momentum? Here are some factors I’d consider. Bitdeer- The Most Diversified Bitcoin Miner Bitdeer continues to stand out among the miners today both in its operations model and its price chart. As of today, Bitdeer is one of the few miners that can be considered an “all-in-one” provider of Bitcoin mining products and services. Bitdeer has a foothold across all the Bitcoin mining business models - self-hosting, cloud mining, hosting services, ASIC hardware manufacture and sales, and is also diversifying into HPC and AI. This level of diversification will create an all-year-round sales improvement for Bitdeer in 2025. When hosting services demand is low, those resources can be migrated for use in self-hosting. When Bitcoin price takes a dip, revenue from HPC (if it eventually kicks off fully in 2025) could help offset that from mining. The propriety hardware Bitdeer has been building will also be available for commercial sale, opening new stream for revenue for the miner. Expanding Capacity Bitdeer seems ready for all aspects of mining and hosting business, with 895 MW total capacity currently and a target of 2540 MW capacity by 2026. An additional 1,100 MW of power capacity is expected to go online in 2025. The company is advancing the construction of a 175 MW data center in Norway, with approximately 40 MW expected to be operational by the end of 2024. A 221 MW data center is under development in Ohio, with construction anticipated to be completed in 2025. A 500 MW data center project commenced in March this year in Bhutan, with completion expected in mid-2025. The expansion aligns with the company's diversification into HPC and AI. The 1,100 MW of electricity going online in 2025 will accelerate Bitdeer’s hashrate capacity expansion as well as the HPC service. Bitdeer is looking to achieve over 40 EH/s hashrate under management capacity in 2025 with its proprietary SEALMINER machines. Based on the company's latest reports , the SEALMINER A1 is at the mass production stage and commercial sales of the A2 machines will kick off in Q1 next year. 3.7 EH/s of the A1 machines were being mass-produced as of the end of Q3. 0.1 EH/s of the A1 machines is already energized and 0.4 EH/s delivered for installation, as of the end of Q3. Bitdeer's energy capacity expansion and self-mining expansion are progressing on the same timeline. Having both the power capacity and self-mining hashrate deployed at the same timeline means that the new mining machines will be immediately operational once deployed, helping Bitdeer achieve better efficiency. New Sales Pipeline and Solid Short-Term Liquidity Despite weak financials in the most recent quarter (Q3 2024), Bitdeer has managed its balance sheet prudently. In Q3, Bitdeer saw very poor margins. Gross profit was a mere $2.8 million of the $62 million reported revenue - which represented a 4.5% gross margin. Adjusted EBITDA was negative $8.5 million. The financials were hampered by high operating expenses which mainly consisted of R&D costs. The high operating expenses in Q3 were due to R&D costs of $24.8 million related to the one-off development expense of the SEAL02 chip and amortization expense of intangible assets related to acquisition of ASIC design firm Freechain Inc. Bitdeer has managed to keep its short-term liquidity position on its balance sheet attractive, despite the high R&D costs and the effects that the Bitcoin halving has had on its business. Bitdeer still maintains a positive equity position of $520.7 million in the short term, and $291.3 million in cash and 430 Bitcoin held. Data by YCharts Bitdeer’s R&D expenses have truly been on the high side in 2024. But now that the commercial roll-out of the SEALMINER machines and chips is drawing near, there should be an increase in revenue generation and better margins once the machines hit the market. Sales from these machines should be able to offset future operating expenses related to the mining machines production. Demand for the Bitdeer miners is taking an uptrend even before they officially hit the market. As of the end of Q3, around 7 Eh/s of the 35 Eh/s SEALMINER A2s under production for commercial sale have already been reserved by customers. 7 Eh/s represents around 30,000 mining units. While many of our peers have pursued a self-mining hash rate growth strategy, we pursued a more long-term strategy of first focusing resources on the development of our own ASIC technology. We believe this significantly differentiates our business from the rest of the sector in terms of our strategic positioning, revenue and cost structure. Q3 earnings call Risks While Bitdeer's short-term liquidity position looks good, last month Bitdeer added leverage to its long-term liquidity position by issuing $360 million in convertible notes bearing an annual interest rate of $5.25%. Though this strengthens Bitdeer's ability to fund expansion and growth initiatives, this new debt has increased Bitdeer's financial risk because the crypto market remains volatile, and overnight events that can turn the market highly bearish should not be ruled out. Any time a miner takes on debt, it presents fresh risks. Takeaway SEALMINER Roadmap (Bitdeer) Bitdeer has followed through with the SEALMINER roadmap. And the company's entry into the ASIC market, currently valued at around $10 billion, will change the financial and market standing of Bitdeer in 2025. BTDR is a Bitcoin mining stock to watch out for in 2025. Verified Market Research Bitdeer is entering into the ASIC equipment manufacturing sector with mining machines that will go head-to-head with those of the leading players in the space. Bitdeer’s SEALMINER A2 machines, utilizing the more efficient SEAL02 chips, have undergone testing. The tests conducted in October showed the SEALMINER A2 achieved 226 th/s and an efficiency of 16.5 joules per terahash. The stat is impressive and is on par with what is obtainable from the most popular miners currently in the market, from manufacturers like Bitmain and Canaan. I wish you a happy and bullish new year in advance.
Key Takeaways : Jito price faces bearish pressure below $3.5. Our Jito price prediction expects the JTO price to record a maximum of $5.53 in 2024. In 2030, we expect the JTO price to achieve $57.27. In December 2023, the Jito (JTO) token airdrop garnered significant attention for the Solana blockchain , which had been facing challenging times. The event also highlighted the importance of liquid staking on Solana while empowering holders to influence platform governance. Based on these developments, we’ve compiled our Jito price prediction, explored the factors behind these forecasts, and provided insights into the role and utility of the JTO token. Overview Cryptocurrency Jito Ticker JTO Price $3.3 Market cap $500,964,185 Trading volume $221,358,332 Circulating supply 1,000,000,000 JTO All-time high $5.28 All-time low $1.43 Jito technical analysis Metric Value Current Price $3.3 Price Prediction $ 12.30 (230.54%) Fear & Greed Index 78 (Extreme Greed) Sentiment Bullish Volatility 16.14% Green Days 19/30 (63%) 50-Day SMA $ 2.76 200-Day SMA $ 2.83 14-Day RSI 62.26 JTO price analysis Resistance for JITO is present at $3.47 Support for JTO/USD is present at $3.08 The JTO price analysis for 30 December confirms that Jito witnessed bearish pressure due to increased selling activity. Currently, the price is aiming for a hold below $3.5. JITO price analysis 1-day chart: JTO price faces selling demand Analyzing the daily price chart of JTO tokens, JITO witnessed a bearish correction after bears pushed the price below the Fibonacci lines. Over the last 24 hours, JITO’s price has been holding around the $3.5 level. The 24-hour volume surged to $9.4 million, showing increased interest in trading activity today. JITO’s price is currently trading at $3.3, which has decreased by over 0.6% in the last 24 hours. JTO/USD chart. Image source: TradingView The RSI-14 trend line has surged from its previous level and currently hovers around the 52 level, showing that bulls are slowly gaining price momentum. The SMA-14 level suggests upward volatility in the next few hours. JITO/USDT 4-hour price chart: Bears hold below EMA trend lines The 4-hour JITO price chart suggests that JTO continues to experience bearish activity below EMA lines, creating a negative sentiment on the price chart. Bears aim for a hold below the EMA20 trend line as the price faces resistance. JTO/USD chart. Image source: TradingView The BoP indicator trades in a bullish region at 0.84, suggesting buyers are trying to build pressure near resistance levels and boost an upward correction. Additionally, the MACD trend line has formed green candles above the signal line, and the indicator aims for positive momentum, strengthening buying positions. Jito price predictions: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 3.06 BUY SMA 5 $ 3.34 BUY SMA 10 $ 3.40 BUY SMA 21 $ 3.29 BUY SMA 50 $ 2.76 BUY SMA 100 $ 2.45 BUY SMA 200 $ 2.83 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 3.17 BUY EMA 5 $ 2.93 BUY EMA 10 $ 2.62 BUY EMA 21 $ 2.39 BUY EMA 50 $ 2.30 BUY EMA 100 $ 2.38 BUY EMA 200 $ 2.55 BUY What to expect from JITO price analysis next? The hourly price chart confirms bears are making efforts to prevent the JITO price from an immediate surge. However, if the JITO price successfully breaks above $3.47, it may surge higher and touch the resistance at $4.24. JTO/USD chart. Image source: TradingView If bulls cannot initiate a surge, JITO price may drop below the immediate support line at $3.08, resulting in a correction to $2.63. Is Jito a good investment? For enthusiasts within the Solana community, the introduction of JTO marks a significant event, as it empowers users to govern one of the network’s largest liquid staking protocols. Undoubtedly, those engaged with the protocol will be keenly interested in the token. Another critical factor influencing predictions for Jito’s price in 2024 is the progress of the Jito protocol itself. While there’s no specific roadmap to anticipate upcoming enhancements, unveiling a future roadmap or declaration of forthcoming developments could significantly boost interest in the token. Why is the JTO price down today? JTO’s price lost its momentum around $3.5, resulting in a minor correction. Sellers are currently defending a surge above the $4 mark. Will JTO’s price recover? If JTO’s price faces buying demand around the current price level, we might see a strong rebound and JTO might surge toward $4. Will JTO reach $10? JTO price might reach the $10 mark in 2024 if buying demand surges and Jito attracts altcoin investors. However, our JTO price prediction states it might reach the $10 level by 2026. Will JTO price reach $100? Due to the effort of the Solana community, JITO Coin’s prices will continue to increase. However, there is currently no indication that the JITO (JTO) Coin will reach $100 soon, which is a short-term target. Is JTO a good long-term investment? JTO tokens have gained popularity thanks to strong community support through airdrops, benefiting the Solana ecosystem. However, conducting thorough research into their long-term potential is crucial to determine if they represent a viable long-term investment. Recent news/opinion on JTO news Solana-based Jito is set for its biggest token to unlock on December 7, with 135.71 million JTO tokens valued at approximately $521 million. This release, equivalent to about 103% of the current circulating supply, will be allocated to core contributors and investors. Jito price prediction December 2024 Over the last few days, JTO coin prices have aimed to surge above crucial Fib levels. If the BTC price aims for a move above $100K this month, we might see a solid surge in the JTO price. According to technical analysis, the JTO price might record a maximum level of $4.2 and a minimum of $2.8, with an average value of $3.1 throughout December. Jito price prediction Potential low Potential average Potential high Jito Price Prediction December 2024 $2.8 $3.1 $4.2 Jito price prediction 2024 The effects of Bitcoin Halving typically appear 12-18 months afterward, but 2024 might see a different trend due to heightened institutional interest and improved macroeconomic factors. During the JTO airdrop, the token was available on major exchanges except Kraken, leaving one significant listing announcement to excite traders. However, this impact is likely minor. Progress on the Jito protocol is a critical factor influencing the 2024 Jito price forecast. While there isn’t a clear roadmap, announcing future developments could boost interest in the token. Based on technical analysis and forecast data, the projected minimum price of Jito in 2024 is $4.86. The price could climb to a maximum of $5.53, with an expected average of around $5.05. Jito price prediction Potential low Potential average Potential high Jito Price Prediction 2024 $4.86 $5.05 $5.53 Jito price prediction 2025-2030 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2025 7.14 7.34 8.56 2026 10.72 11.08 12.61 2027 14.94 15.49 18.79 2028 22.55 23.17 26.05 2029 33.51 34.67 39.75 2030 46.60 47.99 57.27 Jito price prediction 2025 According to JTO tokenomics, additional Jito tokens will be released at the close of 2024 and the start of 2025, continuing throughout the year. This increase is likely to exert downward pressure on the value of Jito crypto. However, 2025 is also expected to showcase the significant impact of the Bitcoin Halving, which could propel crypto markets and tokens to new all-time highs, potentially boosting the Jito token price. A comprehensive technical analysis of past pricing trends suggests that in 2025, Jito is anticipated to have a minimum price of $7.14. Its maximum price could reach $8.56, with an expected average trading value of $7.34. JTO price forecast for 2026 If the crypto market continues to witness increased institutional adoption, we might see a milestone in the total market cap, resulting in upward pressure on the JTO price. In 2026, the forecasted minimum price for Jito is $10.72. The coin may reach a high of $12.61, with an estimated average value of $11.08 throughout the year. Jito (JTO) price prediction 2027 Technical analysis indicates that by 2027, Jito will likely have a minimum price of $14.94. The projected maximum price could reach $18.79, while the average trading price is estimated at $15.49. Jito price prediction 2028 Projections for 2028 indicate that the lowest expected price for Jito is $22.55. The coin may achieve a maximum value of $26.05, with an average forecast value of $23.17. Jito price prediction 2029 In 2029, Jito is expected to have a minimum price of $33.51. The coin’s value could rise to a maximum of $39.75, with an average price of $34.67 throughout the year. Jito (JTO) price prediction 2030 Looking ahead to 2030, Jito is expected to reach a minimum price of $46.60. Its maximum value could be as high as $57.27, with an anticipated average price of $47.99 throughout the year. JITO price prediction 2024 – 2030 Jito market price prediction: Analysts’ JTO price forecast Firm Name 2024 2025 Coincodex $8.5 $19.74 DigitalCoinPrice $8.8 $24.37 Changelly $4.25 $6.45 Cryptopolitan’s Jito price prediction At Cryptopolitan, we are bullish on the Jito price movements as the coin is expected to surge to new highs by the end of this year. Based on technical analysis and forecast data, the projected minimum price of Jito in 2024 is $4.86. The price could potentially climb to a maximum of $5.53, with an expected average of around $5.05. Jito historical price sentiment JTO price history December 2023: Launched at a value of $2.0608. Early January 2024: Dropped below $1.5127. April 3, 2024: Reached an all-time high of $4.87. However, JTO dropped steeply toward $2.5 by 17 April. In May, the price dropped and consolidated around $3.5. In June, the price of JTO continued to decline and made a low near $2. In July, the JTO price fluctuated between $1.6 and $3.3. In recent weeks of August, the price of JTO declined heavily toward the low of $2. In September, the price of Jito attempted to surge above the $2.5 mark. However, it failed to maintain the buying momentum. In recent weeks of October, the price of JTO hovers between $1.8-$2.4. In November, the price of Jito made a remarkable surge as it reached a high of around $4.
Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
The recent downturn in Bitcoin’s price has sparked widespread discussion in the cryptocurrency community, particularly as it dips below $92,000 for the first time since December. As highlighted by Chris
Grayscale’s research arm revised its top 20 cryptocurrency assets to watch in the next quarter.
Grayscale’s research arm has updated its list of the top 20 cryptocurrency assets to watch in Q1 2025. Based on several factors, Grayscale Research has updated its list of cryptocurrencies with potential in Q1 2025. The list features six new diversified tokens, including HyperLiquid ( HYPE ), Ethena Labs ( ENA ), Virtuals Protocol ( VIRTUAL ), Juputer ( JUP ), Jito ( JITO ), and Grass ( GRASS ). Chainlink ( LINK ), Helium, and Optimism ( O P) reentered the top 20, while Celo was excluded from the updated list. Grayscale Research considered several metrics, including network adoption, growth catalysts, fundamentals, tokenomics, supply data, and potential tail risks, to compile its “Top 20” list. You might also like: News Grayscale files Form 8-K for Horizen Trust with U.S. SEC The updated list includes assets in decentralized finance, staking and liquid staking, Solana’s ecosystem, and artificial intelligence. Grayscale researchers highlighted that these areas are likely to gain more investor and regulatory attention in Q1 2025. The research division also noted continued bullishness for sectors like Ethereum layer-2 networks and tokenization. In addition to the new themes mentioned above, we continue to be excited about themes from previous quarters such as Ethereum scaling solutions, tokenization, and decentralized physical infrastructure (DePIN). Each of these themes is represented by the inclusion of protocols that return to the top 20, such as Optimism, Chainlink, and Helium, respectively. Grayscale Research In other Grayscale-related news, the investment manager filed a Form 8-K for a Horizon Trust with the U.S. Securities and Commission last week. The firm also launched individual trust products underpinned by Lido DAO ( LDO ) and Optimism. Read more: News Grayscale launches Lido DAO and Optimism Trust
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