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Cryptocurrency Price Predictions: Bitcoin Dogs, Bitgert (BRISE), WAXP

Cryptocurrency prices had quite a successful week as demand continued to rise and a sense of greed emerged in the market. Bitcoin jumped to over $60,000 while other coins like Dogecoin, Shiba Inu, and Bonk went parabolic. In total, this increase added billions of dollars to the total valuation of all cryptocurrencies. This article provides a forecast for some major cryptocurrencies such as Bitcoin Dogs, Bitgert (BRISE), and WAXP.

Bitgert (BRISE) Price Prediction

Bitgert, like other cryptocurrencies, performed well this week when its token suddenly woke up. The BRISE token hit a high of $0.00000020, its highest point since December 29 last year. It has risen about 50% from this year’s low.

Along the way, the coin bounced above the 50-day moving average, indicating that the bulls are now in control. More importantly, there are signs that the token has formed a double bottom pattern at $0.00000013. In most cases, this pattern is one of the most bullish signals in the market.

The neckline of the double bottom pattern is at $0.0000030. Furthermore, Bitgert’s volume also increased considerably. Therefore, there is a chance that the token could continue to rise as buyers target the key resistance point at $0.00000030, which is around 60% of the current level.

Bitcoin Dogs, an upcoming cryptocurrency, was one of the best-performing players in the industry as its token sale accelerated. The developers have already raised more than $5.6 million from global investors. This is notable because the fundraising started about two weeks ago. If this trend continues, there is a chance that developers will make more money than this.

Bitcoin Dogs is a blockchain that became the first ICO in the Bitcoin ecosystem. The developers aim to create a fully functional ecosystem that has substantial utility. This utility will come in the form of a collection set of 10,000 NFTs in ordinal form.

At the same time, they plan to venture into the blockchain gaming industry, which is expected to thrive in this cryptocurrency rush. The goal is to create a fun game that people can interact with and earn rewards in the form of $ODOG token.

This comes at a time when interest in the Bitcoin ecosystem is increasing. We’ve seen developers like Stacks and Internet Computer become some of the top performers in the industry. Additionally, Bitcoin Ordinals have become some of the best performers in the NFT industry.

WAXP Price Prediction

Meanwhile, the WAXP token price saw a strong bullish breakout this week as demand for altcoins increased. It jumped to a high of $0.098, its highest point since 2022. It is up more than 158% since its low in October last year.

By bouncing, the token surpassed the important resistance level of $0.0775, its swing high in December last year. Subsequently, WAXP price bounced above the 50-day and 25-day moving averages. The Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the overbought level.

Therefore, the outlook for the token will continue to rise as buyers target the next major resistance point at $010. However, a pullback is also possible as some investors begin to take profits.

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Bitcoin Bitcoin Investment Cryptocurrency news Ethereum

Market Expert Highlights Top Coins to Watch as Ethereum (ETH) Hits 22-Month High

Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, focusing particularly on the rally in Ethereum (ETH) and its implications for layer 2 (L2) decentralized finance (DeFi) altcoins.

Deutscher highlights that ETH’s recent rise to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for investors.

Ethereum Price Strength Continues

In a recent social media post Holding above the psychologically important $3,000 level, ETH’s bullish momentum is further fueled by reports of Justin Sun, the founder of TRON, purchasing over $500 million worth of ETH in the last days.

Deutscher remains bullish on ETH and ETH betas ahead of proposed dates for exchange-traded funds (ETFs) in May and Dencun’s next update in March. There are also possible signs of an ETH/BTC breakout, with investor Andrew Kang actively increasing his long position in ETH.

First, in its altcoin watchlist, Deutscher highlights the proposed fee change taking place on Uniswap (UNI). This US-based decentralized crypto exchange has recorded notable price gains of over 37% in the last week, which could have significant implications for the entire industry from a regulatory perspective.

In particular, the analyst believes this development could trigger a broader rotation into other DeFi 1.0 tokens such as Curve DAO (CRV), Compound (COMP), Aave (AAVE) and Frax Share (FXS), THORchain (RUNE), GMX . , as investors look to capitalize on the DeFi scene.

Turning to another altcoin that could see a price rise, Deutscher suggests that the early launch of Blast L2, founded by the same individual behind BLUR, presents an opportunity for BLUR participants to receive tokens from the airdrop and potentially even integrate more in the ecosystem.

Deutscher suggests that BLUR offers an alternative way to gain exposure to the Blast project, which has generated bullish sentiment from several funds and opinion leaders.

Following the positive news surrounding Uniswap, DYDX has been on the rise, with the token recording a 7% price increase over the past seven days. However, Deutscher warns that a significant unlock is expected this week, which could prompt some recipients to sell, which could lead to a temporary price drop.

Next, speculation surrounding the upcoming launch of Aevo (AEVO), which will allow developers to launch their protocols in its rollup and introduce an incentive program, is growing and generating interest in Ribbon Finance (RBN).

Given these developments, Deutscher notes that the prospect of pre-markets and note markets receiving “massive” attention and the recent record $4 million in fees position RBN in an exciting narrative.

Deutscher’s ideas point to promising trends

Following the mention of COTI by Deutscher last week, the coin saw growth of over 100%, breaking through key resistance levels. With the launch of its new privacy-enhancing L2 coinciding with the upcoming Ethereum Dencun upgrade, Deutscher notes that the protocol is in a favorable position for further price growth in the market.

At the other end of the spectrum, Deutscher recognizes the rapid pace of market turnover and suggests keeping an eye on Artificial Intelligence (AI) coins, which, as NewsBTC reported, have seen significant gains from the hype surrounding AI projects like Worldcoin. (WLD).

Finally, with signs of life emerging over the weekend, according to the analyst, Rollbit Coin’s (RLB) burn mechanic positions it as a leader in the “Rev Share/Real Yield” narrative. 24 hours.
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Bitcoin absorbs more than $607 million every day. Will it triple after the halving?

Bitcoin (BTC) network analyst Willy Woo is sounding the bullish alarm, citing strong demand and declining supply as reasons for optimism. As for X, Woo noted that Bitcoin absorbs an average of $607 million per day as an asset in demand by new investors. In comparison, only $46 million in new supplies are being created through mining.

Bitcoin receives over $607 million in value every day. What happens after the halving?

The Bitcoin network is a proof-of-work platform that relies on miners for security and decentralization, making its transactions global and censorship-resistant. Although there are concerns about centralization, it appears that the extensive network of miners is more important to the platform, which explains its colossal appreciation.

Miners are rewarded with 6.25 BTC after each block, which is equivalent to around $46 million, after each 24-hour cycle. However, the fiat value, as expected, changes depending on spot rates.

Woo says growing demand, estimated at around US$607 million per day, considers changes to the realized limit. It is a metric that shows the total amount investors paid for the current BTC in circulation. The total value takes into account the purchase price of each one.

While useful, Woo notes that the threshold set, and therefore the level of demand injected into Bitcoin, is conservative. The weakness arises from the realized limit that only captures on-chain transactions.

It’s this shift in imbalance, Woo notes, that could drive prices even higher in the coming sessions. The on-chain analyst sees the current trend accelerating further ahead of the next Bitcoin halving scheduled for early April 2024.

Bitcoin halving occurs approximately every four years, reducing the new BTC created per block by 50%. The on-chain analyst believes that this decrease in supply, combined with the already strong demand, will drive up prices, quickly increasing the realized limit.

Reddit plans to go public and buy BTC and ETH

Woo’s optimism follows encouraging news that popular social media platform Reddit will invest some surplus cash into Bitcoin and Ethereum (ETH). Recent reports reveal that Reddit plans to go public and file for an initial public offering (IPO) this week.

The endorsement of cryptocurrencies by a major technology company shows growing institutional adoption, a net benefit for investor confidence. So far, Reddit’s IPO prospectus shows a 20% increase in revenue in 2023.

The platform also has more than 70 million daily active users. Based on this, once it goes public, a significant portion of the funds will likely be injected into BTC and ETH.
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Bitcoin Crypto Mining Cryptocurrency news Ripple

XRP and LTC Funds Soar with $1 Million Inflows Amid Crypto Boom

Ripple (XRP) and Litecoin (LTC) have emerged as prominent players, ensuring significant inflows into crypto funds dedicated to these assets. According to the latest data from CoinShares, a leader in digital asset investment products, in the week ending February 16, 2024, XRP and LTC attracted $0.4 million and $0.6 million, respectively. This influx is part of a broader trend that has seen the cryptocurrency market experience record increases in funding.

Bitcoin leads as XRP and LTC attract significant investments

Flows into digital asset investment products reached a staggering level of $2.45 billion per week, unprecedented in the history of the cryptocurrency market and in investor interest in the cryptocurrency market. However, this recovery helped flows grow to a record $5.2 billion at the time of writing, suggesting a solid foundation for digital assets and investor confidence in their returns.

Assets under management (AuM) hit a high of $67 billion, the highest value since December 2021. Although Bitcoin leads the flowcharts with a share of around 99%, investments in XRP and LTC, which represent a significant portion of the total, illustrates the changing interests of investors within the crypto ecosystem.

Likewise, it has been observed that other cryptocurrencies also show spectacular movements. Ethereum, however, continues to benefit from $21 million in its net flows, despite the market trend of the entire cryptocurrency market focusing on Bitcoin. However, Solana faced challenges: after a recent outage, the protocol recorded outflows of $1.6 million, affecting investor confidence. Coins like Avalanche, Chainlink, and Polygon just received inflows of over $1 million each, suggesting that investors are seeing strong interest in digital currencies on many platforms.

Dynamics and transparency of the Ripple market

The rise of XRP and LTC funds comes at a time when the cryptocurrency market is experiencing a significant boom. XRP and LTC are currently trading at $0.56232808 and $71.2252 respectively, with market caps of $30.47 billion and $5.28 billion. These numbers place XRP and LTC as the sixth and twentieth largest cryptocurrencies, demonstrating their enduring popularity and investor confidence.

Amid the positive market momentum, Ripple CTO David Schwartz addressed concerns over the company’s handling of XRP sales. In a recent statement, Schwartz emphasized Ripple’s commitment to transparency and responsible sales practices, refuting allegations of secret XRP dumping. His comments reflect the company’s efforts to maintain open communication with investors and stakeholders, reinforcing Ripple’s stance on ethical business conduct in the face of speculative criticism.

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Binance’s Derivatives Arm Launches Tesla Model Y and Bitcoin Voucher Challenge

Binance has announced a competition through its crypto derivatives arm, Binance Futures, offering participants the chance to win a Tesla Model Y. According to the crypto exchange, the contest will unfold over four weekly challenges spanning from Feb. 18 to Mar. 17, 2024.
Binance Futures Unveils Tesla Model Y Challenge and Daily Crypto Rewards

Beginning on Feb. 18, Binance Futures will launch a daily price prediction contest, offering participants the opportunity to win 0.05 BTC token vouchers or the grand weekly prize of a Tesla Model Y.

The daily challenges involve users with futures accounts predicting the marked price of the BTCUSDT perpetual contract. Should their prediction be accurate or closest to the actual price by 14:00 UTC the next day, they’ll secure the 0.05 BTC voucher, presently valued at over $2,500. Daily prizes also encompass loaded tether (USDT) vouchers.

For the weekly Tesla Model Y giveaway, participants who fulfill specific tasks, thus meeting certain criteria, will receive a golden ticket. The accumulation of more golden tickets increases their chances of winning the Tesla Model Y each week.

The Ultimate Challenge by Binance Futures will maintain a leaderboard, updated hourly, to transparently display participants’ rankings based on their golden ticket count. Binance, recognized as the top crypto exchange globally by trade volume, and its derivatives wing, Binance Futures, previously led the market in BTC futures open interest but now ranks second.

As of Feb. 17, 2024, the CME Group leads with a Bitcoin futures open interest of $6.75 billion, surpassing Binance’s $5.93 billion in BTC futures open interest. Regarding ethereum (ETH) and various alternative crypto assets, the derivatives division of Binance secures the top spot. As of Feb. 17, the open interest (OI) for ETH on the Binance Futures platform stands at approximately $3.28 billion.