Category: Cryptocurrency news

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Cryptocurrency Price Prediction: BitBot, BabyBonk, Cryptex Finance

Cryptocurrency prices were mixed over the weekend as investors focused on upcoming US inflation data. Bitcoin remained slightly below $70,000, while Ethereum was stuck at $3,950. Tokens like BabyBonk, Cryptex Finance, and Rarible rose, while others like Wen, Solama, and Coq Inu fell by double digits. This article discusses what to expect from BitBot, CTX and BabyBonk.

BabyBonk Price Prediction

BabyBonk is a meme coin that was designed inspired by Baby Doge Coin, one of the main tokens today. It is a BNB token that aims to be a better alternative to Bonk, the fourth largest meme coin in the world.

Aside from simply being a meme currency, the token has more uses, such as an NFT collection of 1,000 unique cards. It also has a unique card game known as Bonk Royale that people can play and earn rewards.

BabyBonk price rose sharply over the weekend, reaching a high of $0.000000000099, its highest point since March 4. The token has skyrocketed above all moving averages and is approaching its all-time high of $0.000000000010.

It also became very overbought, with the Relative Strength Index surpassing 100. The MACD indicator also spiked. Therefore, the outlook for BabyBonk price is moderately pessimistic as some investors begin to take profits. If this happens, the token could fall and retest the support at $0.000000070. It will then recover as other cryptocurrencies recover.

Unlike BabyBonk and Cryptex Finance, BitBot is not a cryptocurrency you can trade for now. Instead, it is a crypto project that moved to token sales before its release to the public market.

BitBot is a company that aims to revolutionize the financial trading sector. The developers intend to launch a Telegram bot that will send signals to thousands and even millions of users around the world.

Unlike many other Telegram bots, this one will be non-custodial, ensuring users maintain full control.

The other benefit is that it will be a decentralized bot, ensuring that $BITBOT token holders will have a say in the network. They will be able to vote on important decisions and also receive part of the income generated.

The BitBot token sale is going well and the developers have raised over $900,000 from global investors. These investors hope to benefit from the token’s eventual listing in the coming weeks. You can buy the BitBot token here.

Cryptex Finance Price Prediction

Cryptex Finance’s CTX token has become one of the best-performing cryptocurrencies on the market. It rose to a high of $6 on Saturday, giving it a market value of more than $28 million. As it rose, the token crossed the important resistance point of $3.75, its highest point in March. This invalidated the double top pattern.

Cryptex held above the 50-period moving average and formed what appears to be a bullish pennant pattern. Therefore, the outlook for the token is extremely bullish, and the next point to watch is $6. A break above this point will confirm the bullish outlook.

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Arizona State Considering Adding Digital Asset Exposure to Retirement Funds

Arizona is evaluating whether to add exposure to digital assets in government pension funds’ investment portfolios.

A new resolution passed by the Arizona state legislature would take a step toward converting pension funds for government and public safety employees into exchange-traded funds (ETFs) based on digital assets.

The proposal comes about a month after the US Securities and Exchange Commission (SEC) approved Bitcoin (BTC) spot ETFs. The agency may also approve additional ETFs for other digital assets like Ethereum (ETH) at some point in the future.

If passed, the resolution calls on the Arizona State Retirement System (ASRS) and Public Safety Personnel Retirement System (PSPRS) to take several actions that could lead to retirement funds gaining exposure to digital assets.

There are three main actions that ASRS and PSPRS must take:

“a) consider the implications of including a digital asset ETF in your investment portfolios.

b) closely monitor the development of Bitcoin ETFs and other digital asset ETFs and consider the implications of including such assets in your investment portfolio after consulting with any company to which the U.S. Securities and Exchange Commission has granted approval to offer a Bitcoin ETF digital assets.

c) present a comprehensive report on the feasibility, risk, and potential benefits of allocating a portion of state retirement system money to digital asset ETFs, including a list of options and recommendations on how the state could safely invest in the class of digital assets for the State. Treasurer, President of the Senate and Speaker of the House of Representatives at least three months before the beginning of the Fifty-seventh Legislature, First Regular Session.”

The Republican-sponsored resolution recently passed the state Senate by a vote of 16 to 13. Only Republicans voted for it, while only Democrats opposed it. The resolution is now being considered by the state House.

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Deribit Exchange Expects Bitcoin to Rise 20% in Next 30 Days, Targeting $80,000

In a major milestone for the cryptocurrency market, Bitcoin (BTC), the largest digital asset, broke its previous records, surpassing the $69,000 mark to set a new all-time high (ATH) of $69,300 on Tuesday.

The achievement marked a historic moment for BTC, which had not reached such levels for more than two years. However, the cryptocurrency’s upward trajectory shows no signs of slowing down, with experts predicting further price gains.

Bitcoin and ETF price in perfect harmony

According to data from Deribit, a crypto futures and options exchange and analysis company, GenesisVol, BTC is expected to see a potential rise of up to 20.8% in the next 30 days.

These projections suggest that, under ideal circumstances, the price of Bitcoin could surpass the $80,000 barrier. Even conservative traders are optimistic and expect BTC to easily surpass $70,000 and reach around $75,000.

Additionally, the recent approval of spot Bitcoin exchange-traded funds (ETFs) has played a key role in Bitcoin’s success, suggesting that the upward trend in BTC prices, coupled with bullish sentiment among options traders and institutional and retail investors, is far from over. .

Bloomberg ETF expert Eric Balchunas emphasized the importance of this development and stated that it represents a pivotal moment for both Bitcoin and ETFs. Balchunas believes the rise from $25,000 to $69,000 was largely due to hopes of ETF approval and subsequent flows.

The expert stated that the synergy between ETFs and Bitcoin has proven to be mutually beneficial as ETFs have increased liquidity, accessibility, convenience and standardization for investors.

Notably, ten-hold Bitcoin ETFs have amassed over $50 billion in assets, with a staggering $8 billion generated from inflows and the remainder attributed to Bitcoin’s rising value.

However, when Bitcoin reached its new peak, increased market volatility caused a surge in liquidations. Journalist Colin Wu reported a sharp 5% drop in the price of Bitcoin in one hour, with Binance recording less than $65,000. During this hour, deals reached a staggering $142 million.

BTC sell signal

Although bullish investors are currently on cloud nine, renowned crypto analyst Ali Martinez sounded the alarm when the TD Sequential indicator recently issued a sell signal on Bitcoin’s daily chart.

The TD Sequential indicator, developed by market expert Tom DeMark, uses price patterns and sequences to identify potential trend changes in various financial markets, including cryptocurrencies.

Martínez emphasized the indicator’s notable track record in predicting Bitcoin price movements since the beginning of the year. The TD Sequential indicator issued a buy signal in early January, just before the price of Bitcoin rose 34%.

On the other hand, a sell signal was given in mid-February, followed by a 4.44% drop in the value of BTC. Therefore, considering the previous sell signals, a possible drop to the $62,000 price level could be underway for the largest cryptocurrency in the market that still holds the $60,000 support, which will be key to BTC’s prospects.

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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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