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Tag: Skyrocket

  • Maker (MKR), THORChain (RUNE) skyrocket; Bitcoin takes $27k again

    Maker (MKR), THORChain (RUNE) skyrocket; Bitcoin takes $27k again

    • Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k.
    • MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01

    The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market cap up by 3.1% as at the time of writing. BTC traded above $27k again, benefiting from overall positivity in risk asset markets.

    With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker (MKR) and THORChain (RUNE).

    Maker price breaks to highest level since May 2022

    Maker (MKR) broke higher following this week’s impressive gains, trading to intraday highs of $1,542.90 on Coinbase. Bulls were looking for a fourth consecutive green candle on the daily chart, with 24-hour gains of 6% and weekly uptick of 16%. MKR price has jumped nearly 48% in the past 30 days.

    Amid the gains is a surge in on-chain activity, particularly in active address count that stood at a 10-week high as of Thursday. Interest in MKR could see bulls seek out $2,000 – especially if the overall market picture supports further upside momentum.

    Maker (MKR) price chart. Source: TradingView

    THORChain (RUNE) eyes breakout above $2

    THORChain (RUNE) price is one of outperformers today, with the altcoin’s value breaking beyond $1.9 as buying pressure mounted.

    RUNE got rejected at $1.98 on September 18, eventually slipping to lows of $1.65. Today’s gains sees the cryptocurrency pierce the resistance around $1.74, with the 20-day EMA acting as support near $1.72.

    For RUNE, there could be an urgency among buyers if price breaks above $2.01. If the expected buy-side liquidity plays out, we could see RUNE/USD eye $3.

    THORChain (RUNE) price chart. Source: TradingView

    However, while bulls might eye a fresh break to $3.00, they face tough resistance at this week’s supply wall that’s part of a horizontal hurdle that also thwarted buyers in February. A pullback is therefore likely given potential profit taking, in which case the primary support could be in the region of $1.72 to $1.66.

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  • Raoul Pal says Solana (SOL) could skyrocket to above $400

    Raoul Pal says Solana (SOL) could skyrocket to above $400

    • Raoul Pal, CEO of Real Vision is super bullish on Solana (SOL).
    • According to Pal, SOL could rally 20x from current levels if it mirrors Ethereum’s 47x move from its 2018 low.
    • He also says Bitcoin price could triple from its all-time high level amid a supply crunch in 2023.

    Raoul Pal, the founder & CEO of Real Vision suggests Solana (SOL) could embark on a massive price move. If the “dream scenario” for the world’s 10th largest cryptocurrency by market cap occurs, SOL could outperform both Bitcoin (BTC) and Ethereum (ETH).

    Pal shared his massively bullish outlook for Solana during a recent interview in which he shared  views on varied topics. These  include AI and its impact on jobs, BlackRock’s ETF filing and CEO Larry Fink’s remarks about BTC.

    He also aired his thoughts on the Ethereum/Bitcoin flippening debate, central bank digital currencies (CBCDs), global economy and government money printing before briefly offering his price prediction Solana. The macro guru also shared predictions for Bitcoin and Ethereum.

    Solana price prediction

    On what he thought of the price performance of BTC, ETH and SOL in the next bull cycle, Pal shared a highly bullish projection for Ethereum’s “competitor.”

    Currently, Solana trades around $21, about 1.4% down in the past 24 hours. 

    However, the cryptocurrency is more than 10% in the green over the past seven days and 43% in the past 30 days. While it’s also down 43% from its value a year ago, Pal noted that the bottom might have come when prices fell to around $9 in December 2022.

    With this outlook, Pal suggests SOL could do what ETH achieved after bottoming in 2018 – roaring to its all-time high above $4,800 during the last bull market. The macro guru says that if Solana takes on this projection, the potential gains could be staggering.

    He compared the 47x that ETH saw after the 2018 low to what Solana could do. He opined:

    “Look… there’s a possibility – a dream scenario – that Solana does what ETH did from the 2018 low which was a 47x. The Solana low was nine bucks, so you could do the maths [and] the numbers are potentially very interesting.”

    While Solana’s price might not do the 47x or so that Ethereum price managed since its bottom in 2018, Pal predicts a “20 something x” move. According to him, this is a reasonable outlook for a protocol that’s battle-tested and is seeing a huge spike in network and ecosystem activity.

    Should Pal’s bullish outlook for SOL price hold, it would mean an eventual burst to prices above $400 for the cryptocurrency. In the last bull market, Solana rose to the all-time high at $260.

    Bitcoin and Ethereum price predictions

    For BTC and ETH, Pal agreed with projections of a 3x and 5x respectively – suggesting Bitcoin could more than triple its value during the next bull cycle. However, that is from the all-time highs that was $69,000 in November 2021. 

    Trippling from that ATH would mean a 6x from current prices, he opined. But that would depend on severa factors that could dictate market direction.

    “It’s very difficult to predict where it actually goes, but what we can say is [that] it’s reasonable that Bitcoin from all-time highs doubles or triples. That’s not asking a lot. That will be the worst bull market in Bitcoin’s history.”

    According to him, a potential supply crunch in 2023 is what could squeeze Bitcoin to a new all-time high.

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  • Cardano, Shiba Inu, and Snowfall Protocol Are About To Skyrocket In Value – They’re Trending Now!

    Cardano, Shiba Inu, and Snowfall Protocol Are About To Skyrocket In Value – They’re Trending Now!

    Cardano (ADA), Shiba Inu (SHIB), and Snowfall Protocol (SNW) are about to experience a huge surge in value, according to recent reports. The three cryptocurrencies have been trending upward in recent weeks, and there is no indication that this trend will reverse any time soon. If you’re thinking of investing in any of these coins, now might be the time to do so!

     >>BUY TOKENS<<

    In this crypto trends market report, we will be discussing:

    • Cardano (ADA), is a leading smart contract platform that is scalable, decentralized, and environmentally friendly.
    • Shiba Inu (SHIB), is a meme-based cryptocurrency that has seen explosive growth in recent months.
    • Snowfall Protocol (SNW), which is a new protocol that promises to make blockchains more interoperable

    Cardano (ADA) Is Trending To The Top – Invest Now?

    Cardano (ADA) has been one of the top-performing cryptocurrencies in recent months, and it is showing no signs of slowing down. Cardano (ADA) has a strong focus in the regions of Africa and Asia, which is where most of the world’s population resides.

    Cardano (ADA) is also working on bringing blockchain technology to the people who need it the most. Cardano (ADA) is a great investment for those who believe in the power of blockchain technology and its ability to change the world.

    Shiba Inu (SHIB) Is On The Rise – Should You Invest?

    Shiba Inu (SHIB) is a meme-based cryptocurrency that has seen explosive growth in recent months.

    Shiba Inu (SHIB) is a great investment for those who are looking for high-risk, high-reward investments. Shiba Inu (SHIB) has the potential to 100x in value in the coming months, making it a very attractive investment opportunity.

    Shiba Inu (SHIB) may not have the same use cases as the other cryptocurrencies in this article, but people love investing in this funny coin. If you want to allocate a small portion of your portfolio to this, feel free to do so but just be careful not to over-invest as it can be volatile.

    Snowfall Protocol (SNW) Is Bridging At Its Best – Invest Now?

    Snowfall Protocol (SNW) is still in its early stages, but it has already increased by more than 80%. Soon, it will increase by another 5000% because of its unique bridging model. It’s enviable that this token will be a 1000x investment. However, you should invest now while the price is still $0.009. Check out the links below to learn more about this opportunity.

    The problem Snowfall Protocol (SNW) is solving is major. It’s like an iPhone user could only use apps from the Apple store and an Android user could only use apps from the Google Play store. That’s not very interoperable, right? Snowfall Protocol (SNW) is going to change that by creating a protocol that will allow different blockchains to interact with each other.

    This is HUGE because it will increase the adoption of blockchain technology by leaps and bounds. So, make sure to invest in Snowfall Protocol (SNW) while the price is still low!

    For more information about Snowfallprotocol.io’s (SNW) Pre-sale

    Website: https://snowfallprotocol.io
    Telegram: https://t.me/snowfallcoin
    Presale: https://presale.snowfallprotocol.io
    Twitter: https://twitter.com/snowfall coin

    Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.



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