bitcoinlfg

Tag: hit

  • Strategy hit with lawsuit as Bitcoin holding tops $59B

    Strategy hit with lawsuit as Bitcoin holding tops $59B

    Strategy hit with lawsuit

    • The company’s total Bitcoin holdings now stand at 576,230 BTC.
    • Average cost basis updated to $69,726 per Bitcoin.
    • The lawsuit was filed by Pomerantz LLP in Virginia over alleged investor deception.

    MicroStrategy, now rebranded as Strategy, is once again making waves across financial markets.

    The company, known for holding the largest corporate stash of Bitcoin, is facing a class action lawsuit alleging misleading accounting practices.

    Despite this, it has continued buying more Bitcoin, bringing its total to 576,230 BTC, worth approximately $59 billion.

    $764.9M BTC purchase follows lawsuit filing

    On 19 May 2025, Strategy disclosed it had acquired an additional 7,390 BTC for $764.9 million.

    The average price paid was $103,498 per coin.

    The acquisition was financed via an at-the-market (ATM) equity offering and the issuance of Series A STRK preferred stock.

    This brings its total holdings to 576,230 BTC at a new average cost of $69,726.

    The announcement came just after the firm was hit with a lawsuit filed in the Eastern District of Virginia.

    The legal action, initiated by Pomerantz LLP, names both the company and top executives, accusing them of failing to alert investors about the risks posed by updated Bitcoin accounting rules under ASU 2023-08.

    The new standard requires firms to reflect the fair market value of Bitcoin on their balance sheets.

    According to the lawsuit, Strategy downplayed the impact this would have on its financial statements, allegedly resulting in a $5.91 billion fair-value loss that wasn’t adequately communicated to shareholders.

    Use of non-GAAP metrics under scrutiny

    The complaint also highlights Strategy’s use of proprietary, non-GAAP metrics such as “BTC Yield” and “BTC $ Gain”.

    The plaintiffs argue these terms were not standard financial indicators and may have presented an inflated view of the company’s profitability.

    This approach appeared to unravel on 7 April, when the $5.9 billion impairment loss became public.

    MSTR shares fell 8.67 percent that day. By 1 May, earnings reports confirmed the blow to the company’s books, and investors responded negatively.

    While the firm’s defenders point to long-term Bitcoin appreciation and innovation in digital asset strategy, the lawsuit raises questions about regulatory compliance and transparency.

    Accounting experts have noted that non-GAAP metrics must be used carefully, especially when they contradict or obscure established accounting principles.

    No strategic shift despite legal risks

    Despite the financial hit and legal threats, Strategy has shown no sign of changing course.

    Its May filing suggests the firm remains committed to accumulating more Bitcoin, with its latest purchase representing one of the largest single-month acquisitions this year.

    Michael Saylor, the company’s chairman, has consistently positioned Bitcoin as “digital gold” and a long-term asset class.

    His earlier comment — “My formula for success is rise early, work late, and buy Bitcoin” — continues to define the company’s public stance.

    However, the legal case could reshape how other corporations approach digital asset reporting.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    • Bitcoin (BTC) has rebounded above $85,000, with a predicted rise to $137,000 by Q3 2025.
    • US Treasury’s $500B liquidity boost and ETF inflows drive the bullish Bitcoin price prediction.
    • However, risks like US debt ceiling talks and failure of the coin to break $85,000 resistance could push the BTC price lower.

    Bitcoin’s price trajectory over the past few days has captured the crypto community’s attention as it stabilizes above $85,000 after a recent dip below $80,000 following US President Donald Trump’s Liberation Day tariffs.

    Analyst Titan of Crypto has forecasted that Bitcoin (BTC) could soar to $137,000 by the third quarter of 2025, igniting excitement among cryptocurrency enthusiasts.

    This ambitious prediction hinges on a blend of technical indicators and macroeconomic trends currently shaping the market.

    Why Bitcoin (BTC) price could hit $137,000

    One of the factors behind Titan’s Bitcoin price prediction is the massive US Treasury liquidity injections.

    The US Treasury has injected $500 billion into the markets since February 2025, reducing its Treasury General Account from $842 billion to $342 billion, significantly boosting liquidity in the markets.

    This move elevated the net Federal Reserve liquidity to $6.3 trillion, with forecasts suggesting it could climb to $6.6 trillion by August if debt ceiling negotiations persist.

    According to historical trends, BTC has exhibited an 83% correlation with global liquidity over the past year, often outperforming traditional assets like stocks and gold.

    For example, past liquidity surges in 2022 and 2023 preceded notable Bitcoin rallies, hinting that the current environment could pave the way for another upward surge.

    On the technical front, Titan of Crypto points to a bullish pennant pattern on Bitcoin’s daily chart, suggesting a potential 60% rally to $137,000 if it breaks the 200-day EMA near $90,000.

    Bitcoin has struggled to overcome this resistance around $85,000 since late February, but a decisive close above it could shift momentum firmly in favour of the bulls.

    Adding to the optimism, Bernstein analysts had predicted that over $70 billion in Bitcoin ETF inflows in 2025 could push prices as high as $200,000, reflecting growing institutional adoption.

    The April 2024 halving, which slashed mining rewards to 3.125 BTC, further supports this narrative, as previous halvings have triggered bull runs exceeding 600% gains.

    Beyond technicals, macroeconomic factors like recent tariff exemptions have lowered US Treasury yields, easing pressure on risk assets and creating a fertile ground for Bitcoin’s growth.

    Market sentiment also leans bullish, with buy-side liquidity on exchanges like Binance outpacing sell-side by a factor of 10, while large investors shift BTC to cold storage, signaling long-term confidence.

    The risks to Bitcoin’s climb

    However, risks loom on the horizon, as an early US debt ceiling resolution could cap liquidity at $6.3 trillion, potentially stunting Bitcoin’s ascent.

    Renewed trade war fears or geopolitical tensions could also drive investors toward gold, leaving Bitcoin vulnerable to a shift in safe-haven preferences.

    Technically, failure to breach the 200-day EMA could trap Bitcoin below $85,000, risking a drop to supports at $78,000 or $74,500.

    Despite these challenges, the broader 2025 outlook remains bright, with price targets ranging from $137,000 to $250,000, fueled by ETF inflows, corporate uptake, and post-halving dynamics.

    Companies like Semler Scientific, planning to raise $500 million to buy more BTC, exemplify the rising corporate embrace of Bitcoin as a treasury asset.

    Meanwhile, potential US-China trade talks could further enhance risk-on sentiment, benefiting speculative assets like Bitcoin if tensions ease.

    In the mining sector, increased selling by miners due to lower profitability, evidenced by 15,000 BTC outflows on April 7 when prices hit $74,000 according to the weekly CryptoQuant’s report, presents a short-term hurdle.

    Bitcoin miner CleanSpark on Tuesday announced it has secured a $200 million Bitcoin-backed credit facility from Coinbase Prime, shifting away from its previous 100% Bitcoin HODL strategy.

    The company will now begin selling part of its monthly BTC production to support growth and fund operations.

    However, the robust demand from institutional and retail investors appears poised to absorb this supply, maintaining upward pressure on prices.

    Ultimately, Titan of Crypto’s $137,000 Bitcoin price prediction by Q3 2025 rests on a compelling mix of liquidity trends, technical potential, and institutional momentum, offering a plausible glimpse into Bitcoin’s near-term future.

    Share this article
    Categories
    Tags



    Source link

  • Bitfinex: Bitcoin could hit $200k by mid-2025 with mild price corrections

    Bitfinex: Bitcoin could hit $200k by mid-2025 with mild price corrections

    Bitcoin green
    • Bitfinex analysts believe Bitcoin could reach between $140,000 – $200,000 by mid-2025
    • “Consistent buying pressure” with ETFs will see future Bitcoin price correction “shorter in duration”
    • If Bitcoin follows the 2021 cycle, it has the potential to reach $339,000

    Bitcoin could surge to $200,000 under “favorable conditions,” according to a new report from Bitfinex analysts.

    In its Bitfinex Alpha report, published on December 16, analysts noted that Bitcoin has achieved unprecedented milestones in 2024, surpassing a $2 trillion market capitalization and reaching a new all-time high of above $100,000.

    The analysts added that Bitcoin exchange-traded funds (ETFs) have emerged as a dominant force, with US spot ETF inflows reaching $35.5 billion.

    “Looking ahead, we believe the current run-up to over $100,000 has captured a significant portion of Bitcoin’s price appreciation for this cycle,” the analysts wrote. “Our minimum price target for Bitcoin remains at $140,000 – $200,000 around mid-2025.”

    Bullish movement post-halving

    Looking to 2025, the analysts believe that any corrections will “remain mild, thanks to institutional inflows.” They also point out that as 2024 was a halving year for Bitcoin, “historically the following year post halving has been bullish.”

    “In previous cycles, once Bitcoin entered price discovery following a halving, corrections before mean reversion to new ATHs were relatively contained,” the analysts wrote. “In the 2017 cycle, the maximum correction was 33.2 percent, while the 2020 cycle saw a slightly smaller correction of 27.1 percent.”

    According to Bitfinex, Bitcoin’s current bull cycle, which started in mid-to-late 2023, the asset’s corrections have been smaller since the launch of Bitcoin ETFs in January. Analysts believe that with “consistent buying pressure,” future corrections will be “limited and potentially shorter in duration.”

    Bitcoin at $339,000?

    Bitfinex predicts Bitcoin’s price could peak at $339,000, if it follows the pattern of the 2021 cycle; however, if it follows the 2017 cycle with diminishing returns, Bitcoin could hit around $290,000 by 2026.

    At the time of publishing, Bitcoin is trading under $104,000, according to data from CoinMarketCap. Yesterday, the crypto asset reached a new all-time high of above $108,000.

    Market sentiment has surged since President-elect Donald Trump won the US election in November. Since then, Trump has appointment several pro-crypto candidates in the run up to his administration entering the White House in January.

    Earlier this month, Trump named pro-crypto Paul Atkins as the next Chair of the US Securities and Exchange Commission (SEC). He’ll take over from current Chair Gary Gensler who’s stepping down on January 20.

    Trump also has Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy leading the Department of Government Efficiency (DOGE) to “dismantle government bureaucracy.” Meanwhile, David Sacks will be the lead policy advisor on artificial intelligence and crypto.

    Share this article
    Categories
    Tags

    Source link

  • Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024

    Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024

    Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024
    • Eric Trump has predicted Bitcoin will hit $1M, citing its scarcity and potential.
    • Eric compared Bitcoin’s adoption to email, emphasizing early adopter advantages.
    • Eric lauded Bitcoin as a hedge against inflation, instability, and global risks.

    Eric Trump, executive vice president of the Trump Organization and son of US President-elect Donald Trump, delivered a stirring keynote address at the Bitcoin MENA event in Abu Dhabi on December 10, 2024.

    In his speech, he confidently predicted that Bitcoin’s price would one day surpass $1 million per coin, describing it as a transformative force in the global economy.

    Eric Trump highlighted Bitcoin’s unique qualities, emphasizing its limited supply of 21 million coins, decentralized structure, and potential to serve as a hedge against inflation and political instability. “Bitcoin is not just another investment,” he stated. “It’s a global asset, a store of value, and a safeguard against the uncertainties of the world—be it economic turmoil, natural disasters, or geopolitical conflicts.”

    The son of the US President-elect compared Bitcoin’s adoption journey to the widespread acceptance of email, which took decades to achieve mass use. He acknowledged that technological breakthroughs often face resistance initially, but once their utility becomes apparent, they are embraced universally.

    “People are slow to adapt to new technology, just as they were with email in the 1970s. But as Bitcoin gains traction, the sceptics will realize its transformative potential,” Eric said.

    Eric also addressed the role of financial institutions and governments, noting that many are beginning to pivot toward cryptocurrency. He shared an anecdote about a major bank executive, once sceptical of Bitcoin, now overseeing a crypto desk handling billions in investments.

    According to Eric Trump, those who embrace Bitcoin early will reap significant rewards, while late adopters risk falling behind in the digital currency revolution.

    Acknowledging Bitcoin’s recent milestone of surpassing $100,000 per coin on December 5, Eric expressed optimism about the cryptocurrency’s future. He concluded by encouraging the Bitcoin community to continue driving innovation and adoption, stating, “Bitcoiners, I love you. The Trump family stands with you. Together, we are witnessing the dawn of a new financial paradigm.”

    Share this article
    Categories
    Tags

    Source link

  • US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

    US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

    • BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million
    • The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January

    US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark.

    BlackRock’s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF brought in $68 million and Ark and 21Shares’ ARKB attracted $17.18 million.

    Grayscale’s GBTC was the only one with negative net flows, recording $7.8 million outflows.

    The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since launching in January following approval from the US Securities and Commission (SEC).

    US Spot Bitcoin value. Source: SoSoValue

    Elevated trade among the spot Bitcoin ETFs followed as Bitcoin climbed to the $100k mark on November 22, continuing its bull run.

    The inflows also come after BlackRock launched its options contracts earlier this week. During trading on day one, BlackRock’s options brought in nearly $2 billion, helping to push Bitcoin to more than $94,000.

    Grayscale announced this week that it was also launching Bitcoin ETF options following BlackRock’s impressive debut and a surge in investor interest.

    As trade continues through spot Bitcoin ETFs, it’s becoming clear that these avenues are one of the main ways for investors to hold Bitcoin. According to Bloomberg analyst Eric Balchunas, US Bitcoin ETFs hit $100 billion in assets, adding on X:

    “They’re now 97% of [the] way to passing Satoshi as [the] biggest holder and 82% of [the] way to passing gold ETFs.”

    Elsewhere, in the market, Ethereum is up by more than 7% over the past week at $3,285, Solana has seen a nearly 20% increase at $253, and XRP has risen close to 60% to $1.44 in the same time, according to CoinMarketCap.

    Share this article
    Categories
    Tags



    Source link

  • Crypto liquidations hit $200m amid Bitcoin dip

    Crypto liquidations hit $200m amid Bitcoin dip

    • Crypto liquidations rose to over $200 million in 24 hours as Bitcoin (ETH) and Ethereum (ETH) dipped.
    • Analysts are however bullish on BTC price as September looks poised to end on a green note.

    The crypto market saw over $200 million in crypto liquidations as Bitcoin slipped to near $64k amid fresh bear moves.

    According to data from Coinglass, the cryptocurrency market saw total liquidations in the past 24 hours surge by 128% to more than $200 million. This came as Bitcoin (BTC) fell 4% to near $63,100 on September 30.  

    24-hour liquidations

    Having posted a significantly better performance in September contrary to expectation with a spike to $66k, BTC retreated sharply to pull most altcoins lower. With Ethereum (ETH) also dumping to under $2.6k amid latest selling from the Ethereum Foundation, total longs rekt soared to $164 million.

    Shorts accounted for about $37 million in 24-hour liquidations at the time of writing.

    Crypto liquidation represents the process by which a trader’s position is forcibly closed when their margin account no longer supports an open position. This happens when a trader suffers substantial losses or has insufficient margin to keep the position open.

    According to Coinglass data, over 68,900 traders have had their positions liquidated in the past 24 hours. The largest single order to be liquidated happened on the crypto exchange OKX in the ETH-USD-SWAP, at a value $1.92 million.

    BTC bounce: Uptober is here

    Despite the decline in BTC price, bulls are likely to strengthen in coming weeks.

    The upbeat mood may be down to the fact that with hours to go, September looks poised to end with BTC up more than 7%. That’s barring a sharp meltdown – not entirely new to the market. Still, analysts are bullish.

    As crypto analyst Kaleo points out in the X post below, October and November have historically been ultra-positive for Bitcoin. If the trend continues, BTC will bounce hard in the coming months.

    Earlier on Monday, digital asset manager CoinShares published its weekly report. It showed crypto investment products registered a third consecutive week of inflows amid recent upside on interest rates cut. Bitcoin topped $1 billion as Ethereum broke a five-week streak of negative flows.

    BTC price hovered near $63,405 at the time of writing.

    Share this article
    Categories
    Tags



    Source link

  • Can Bitcoin (BTC) Hit $70,000 Before Halving? Investors Position for Staggering Gains in Arbitrum (ARB) and InQubeta (QUBE)

    Can Bitcoin (BTC) Hit $70,000 Before Halving? Investors Position for Staggering Gains in Arbitrum (ARB) and InQubeta (QUBE)

    Bitcoin (BTC) hitting $50,000—a level last seen in 2021—was enough to send ripples of excitement across the crypto community. With investors calling it the start of a “bull market,” enthusiasm is almost at a frenzy. The Bitcoin halving is another event expected to usher in a bullish wave, with investors anticipating BTC’s rise to $70,000 before April.

    At the same time, altcoins are also enjoying a share of the spotlight, soaring alongside Bitcoin. Their massive upside potential means investors are constantly on the lookout for promising tokens, with Arbitrum (ARB) and InQubeta (QUBE) topping the list as the best cryptos to invest in.

    InQubeta (QUBE): Staggering Profit Potential

    InQubeta (QUBE) is an emerging crypto with staggering upside potential for a good number of reasons. For one, it is a blend of AI and crypto, which has been lauded as a bullish narrative. Further, as one of the most promising new ICOs—a low-cap gem—it has massive room for growth.

    In stage 7 of the presale, a token costs only $0.0224, and analysts predict a 7,500% jump after its launch. This makes it arguably the best new crypto to invest in and a recommended presale.

    Besides this, its innovative concept as an AI altcoin, which aims to reshape the fast-rising AI sector, immensely adds to its appeal. It seeks to transform the fundraising landscape of the burgeoning AI industry by building the first crypto-based crowdfunding platform for AI tech startups. Poised for adoption and massive growth, it is a good crypto to buy.

    Bitcoin (BTC): $70,000 Before Halving?

    Bitcoin (BTC) finally hit $50,000 earlier this week, a level last seen in 2021 during the last bull run. Hence, it comes as no surprise that investors call this the start of a bull market. We might be seeing the final days of the long bear market after all.

    The launch of spot Bitcoin ETFs is one of the key factors responsible for the current BTC upswing. On January 10, the US SEC finally gave its green light for this investment vehicle, bringing a decade-long wait to an end. This development ushered in institutional demand for BTC, resulting in its price exploding.

    Meanwhile, the BTC halving—which happens every four years—is another bullish event. It coincides with a surge in the price of BTC as rewards for miners’ halves, with investors and analysts speculating about whether Bitcoin will reach $70,000 before the event. Well, considering current market conditions, Bitcoin will likely reach this figure, making it one of the best cryptos to buy now.

    Arbitrum (ARB): Massive Profit Potential

    Arbitrum (ARB) is a well-known layer-2 scaling solution on Ethereum. It employs optimistic rollups, which improves its speed, scalability, and cost-efficiency. This contributes to making it a popular destination for developers seeking innovative scaling solutions.

    The rise in investor sentiment post-BTC ETF has seen Arbitrum gather steam. The excitement around its rally is enough to compete with the enthusiasm around the upcoming Wormhole airdrop—one of the biggest in 2024—leaving holders excited.

    With further upside in the future, investors have been positioning themselves in Arbitrum, aiming to ride its massive bullish wave. This makes it one of the best altcoins and a good crypto to buy.

    Conclusion

    While the crypto scene is abuzz with the recently concluded DYM airdrop and the upcoming Wormhole airdrop—a snapshot of eligible wallets already taken—the Bitcoin halving remains the biggest event of the year. The anticipation around the halving is expected to push BTC’s price up, perhaps to $70,000.

    Meanwhile, investors have been positioning themselves to ride the altcoin wave, with Arbitrum and InQubeta as top picks. To participate in the QUBE presale, click the link below.

     

    Visit InQubeta Presale 

    Join The InQubeta Communities

    Share this article
    Categories
    Tags

    Source link

  • 84% of investors predict Bitcoin will hit a new ATH

    84% of investors predict Bitcoin will hit a new ATH

    • Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024.
    • About 70% say they have plans to add to their crypto investments as they eye the next bull run.

    Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving. 

    Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024.

    The crypto exchange shared the findings of the survey in a report published today, Thursday, February 1.

    Bitget’s study – an overview

    An analysis of anonymized data that focused on investors’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish on BTC.

    Here’s a highlight:

    • 84% of survey participants the next bull run will see Bitcoin price surpass its previous all-time high of $69,000. Only Europe had a percentage lower than 80% among all regions.
    • Over 50% of all respondents predict BTC will be between $30k and $60k by halving (expected around April 2024. 30% of participants think it could be higher than $60k.
    • About 70% of respondents said they have plans to add to their crypto investments. Highest conviction was expressed across MENA and East Europe.
    • Western European investors are largely “short-term cautious” and “long-term optimistic”.

    2024 could be significant for Bitcoin, Bitget’s Gracy Chen says

    According to Bitget, a diverse global demographic group of investors participated in the study. In total, 9,748 individuals drawn from across West Europe, East Europe, South East Asia, East Asia, MENA and Latin America shared their views and predictions for BTC pre-halving and post-halving.

    Other than the above highlights, the report also shows 55% of participants see Bitcoin price in the $50k-$100k post halving in 2024. A smaller percentage predicts a run to above $150k. More people in West Europe, 51%, expressed this expectation.

    Commenting on the findings, Bitget Managing Director Gracy Chen said: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.”

    Bitcoin traded at $42,700 on February 1, 2024, up 6.9% in the past week. Following declines in January, the benchmark cryptocurrency was 5.8% down in the past month. 

    However, analysts at Standard Chartered Bank are among those to point to a bullish run for the digital asset, which reached highs of $49k amid the spot Bitcoin ETF euphoria. Analysts at the bank predicted last year that BTC could rally to highs of $120k by end of 2024.

    Share this article
    Categories
    Tags

    Source link

  • Manta Network (MANTA), SUI, and Pullix (PLX) soar as crypto market takes a hit

    Manta Network (MANTA), SUI, and Pullix (PLX) soar as crypto market takes a hit

    • MANTA, SUI, and PLX defy market downturn, showcasing resilience amid Bitcoin’s decline.
    • Manta Network surges on Bithumb listing and successful airdrop, capturing investor interest.
    • Pullix’s PLX presale gains momentum, offering an innovative “Trade-to-Earn” concept.

    In the midst of a crypto market downturn triggered by Bitcoin’s recent price decline, some altcoins are defying the trend and experiencing significant growth. Manta Network (MANTA), Sui (SUI), and Pullix (PLX) have emerged as standout performers, showcasing resilience amid the broader market challenges.

    Read along as we delve into the reasons behind Bitcoin’s slump and explore the notable rises of MANTA, SUI, and the ongoing presale of PLX.

    Bitcoin’s decline and crypto market plunge

    As Bitcoin faces increased volatility, the entire crypto market has witnessed a notable downturn. Bitcoin briefly dropped leading to millions in liquidations. Although BTC price has regained $40,000, the recent decline in Bitcoin’s price, coupled with broader market uncertainties, led to double-digit losses for various altcoins.

    Investors are grappling with the impact of these market movements, which have contributed to a cautious sentiment and a temporary loss of support for many cryptocurrencies.

    Manta Network (MANTA): defying the odds

    Amid the crypto market turmoil, Manta Network (MANTA) stands out with a remarkable surge. Recent positive developments, including a listing on Bithumb and a successful airdrop for early supporters, have contributed to MANTA’s significant price increase. The token has seen a 30% surge in a single day.

    MANTA price chart

    The token’s resilience in the face of market challenges positions it as a noteworthy player in the decentralized finance (DeFi) landscape, garnering attention from investors seeking alternatives. Surprisingly, Manta’s surge comes against the backdrop of a major DDoS attack.

    SUI token: a rising star

    SUI, another altcoin in focus, has experienced notable growth despite the broader market uncertainties. The recent achievement of surpassing Bitcoin in Total Locked Value (TVL) following the approval of a spot Bitcoin ETF has propelled SUI into the spotlight.

    With a surge of over 8% in the last 24 hours and more than 70% in the last 30 days, SUI is capturing the interest of investors looking for promising opportunities beyond the traditional crypto heavyweights.

    SUI price chart

    Pullix (PLX): shaping the future of crypto trading

    Pullix, an innovative player in the crypto space, is currently in its presale stage, challenging the status quo of traditional exchanges. PLX, the native token of the Pullix ecosystem currently in its presale stage, introduces a novel concept of “Trade-to-Earn,” enabling users to earn rewards from the platform’s daily revenues.

    The platform’s hybrid approach, combining the strengths of centralized and decentralized exchanges, aims to address liquidity issues and provide a comprehensive trading experience.

    The PLX presale is gaining momentum and attracting investors in droves. As of the latest update, Pullix has raised $4,364,732, with a remaining supply of 15.1%. In the current presale stage, the PLX token is going for $0.08, with a price increase expected in a couple of days.

    The presale, scheduled to progress through stages, offers users the opportunity to participate in the early growth phases of the platform. With a fixed supply of 200,000,000 PLX tokens and a strategic allocation across presale, rewards, team, exchange listings, and marketing, Pullix aims to create a robust and sustainable ecosystem.

    Conclusion

    In a crypto market characterized by fluctuations, Manta Network (MANTA), SUI, and Pullix (PLX) emerge as notable players exhibiting resilience and growth.

    While Bitcoin’s recent decline has created a challenging environment, these altcoins showcase the dynamism and diversity within the crypto space. As investors navigate uncertainties, the unique features and positive developments surrounding MANTA, SUI, and Pullix contribute to their standing as intriguing options in the evolving landscape of digital assets.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin may hit $50,000 before halving, will Everlodge and Shiba Inu follow suit?

    Bitcoin may hit $50,000 before halving, will Everlodge and Shiba Inu follow suit?

    The cryptocurrency market is rife with anticipation and excitement as the community gears up for the next Bitcoin (BTC) halving event. 

    While the flagship cryptocurrency continues to set the tone for the market, other tokens like Shiba Inu (SHIB) and Everlodge (ELDG) are poised to join the party. 

    This article will explore the factors driving Bitcoin towards a potential $50,000 milestone before its halving and how this upward momentum could positively impact SHIB and ELDG.

    Bitcoin (BTC) preparing for a remarkable surge

    Bitcoin (BTC) is no stranger to price surges. Recently, prominent crypto analyst Michaël van de Poppe has sparked anticipation by suggesting that Bitcoin could surge to $50,000 before its next halving event. 

    This optimism is fueled by bullish indicators, including Bitcoin’s rising network activity. Notably, over 700,000 new addresses joined the Bitcoin network on November 4, as reported by crypto analyst Ali Martinez. 

    Not only that, the Bitcoin price even reached $35,902 on November 2 – a level not seen since May 2022. The next Bitcoin halving event, which will occur in April 2024, is historically associated with significant price surges, further contributing to the positive sentiment in the crypto space.

    Shiba Inu (SHIB) riding its coattails

    When Bitcoin experiences a significant price surge, it tends to trigger positive sentiment across the entire crypto market, including Shiba Inu (SHIB). The rise in Bitcoin’s price could propel Shiba Inu to higher levels as investors seek opportunities beyond the leading cryptocurrency.

    In recent Shiba Inu news, the project revealed “The Shib Magazine.” This magazine will offer insights into finance and beyond, demonstrating the project’s commitment to expanding its presence and providing valuable content to its community. 

    Due to all these reasons, experts predict that the Shiba Inu coin price could experience significant growth. They foresee its value reaching $0.00001620 before the BTC halving event within Q2 of 2024.

    Everlodge (ELDG): a hidden gem to watch

    Everlodge (ELDG) will be a unique blockchain-based project to revolutionize the real estate market. With its innovative approach to property ownership and passive income generation, ELDG has the potential to attract a wide range of investors. As Bitcoin’s price soars, the increased interest in the market can lead to greater visibility for hidden gems like ELDG.

    This upcoming property marketplace will digitize and mint real-world properties into NFTs, subsequently fractionalizing them to allow investors access to the global real estate market (valued at over $280T). As these properties appreciate, so do the NFTs associated with them, providing an opportunity for users to benefit from property value growth.

    Furthermore, Everlodge’s Rewards Club offers an additional avenue for passive income. Members can earn free nightly stays across the platform’s properties, similar to timeshare arrangements, with the option to resell these stays, generating a continuous source of passive income.

    But the Club will only be accessible to holders of ELDG native tokens. One ELDG token costs just $0.023 in Stage 6 of its presale. But, demand is high as millions of tokens have been sold already. Additionally, unlike Bitcoin and Shiba Inu – ELDG has a low market cap, meaning it will surge faster. Thus, experts predict a rise to $0.038 before its presale ends. 

    For more information about the Everlodge (ELDG) presale, you can visit their website here.

    Share this article
    Categories
    Tags



    Source link