Tag: upside

  • PepeX maintains upside momentum as Bitcoin, Solana dominate the majors

    PepeX maintains upside momentum as Bitcoin, Solana dominate the majors

    PepeX, the first AI-powered memecoin launchpad, kicks off presale

    Bitcoin and Solana have emerged as top performers as crypto majors and meme tokens strive to recover. While investors shift to Bitcoin for its stability, Solana has become a key player in DEX trading.

    At the same time, investors are on the look out for fresh projects with robust growth potential. PepeX, which has emerged as one of the top meme ICOs to watch out for in 2025, offers its holders an irresistible opportunity to rake in hefty gains during its presale and beyond. Its infrastructure seeks to restore transparency, fairness, and accessibility in the meme crypto space.

    Bitcoin heightened dominance paves the way to $90,000

    Bitcoin price began the new week on a high; rallying to a three-week high in early Monday session. Since hitting a five-month low two weeks ago, the crypto major has rebounded by about 17%. At the time of writing, it was trading at $87,488. 

    Despite the persistent economic uncertainties, bulls are optimistic that Bitcoin price will soon retest the crucial zone of $90,000. CoinGecko’s 2025 Q1 crypto industry report showed that despite the drop in investor activity, Bitcoin’s dominance in the cryptocurrency space hit a level last recorded in early 2021 at 59.1%. 

    Having rebounded past the 25 and 50-day EMAs, the bulls have an opportunity to retest the crucial support-turn-resistance zone of $90,000. However, the bulls will need to gather enough momentum to break the immediate-term resistance at $89,075. On the lower side, $82,959 is set to offer steady support to Bitcoin price. 

    Bitcoin Price
    Bitcoin Price

    PepeX maintains upward momentum as it restores integrity in the meme crypto space 

    AI-related cryptocurrencies have captured investors’ attention as they look past the majors for projects with robust growth potential. In the past 24 hours, AI meme market cap rose by 6.5% to $2.34 billion.

    Notably, most of these fresh projects are moving past meme jokes to offer solutions to existing challenges within the crypto space. PepeX is one such crypto. As the world’s first AI-powered tokenization launchpad, it seeks to solve the persistent issues of security, fairness, and transparency. Indeed, it comes at an opportune time and investors are taking note of it. 

    In the recent past, platforms like Pump.fun have allowed pump-and-dump schemes that saw investors lose hefty amounts of money. To solve this issue, PepeX has integrated anti-sniping tools and a bubble map tool to discourage early dumping and any shady launches. Besides, the creators’ holdings are capped at 5% of the total supply, which they could lose to its community should the project fail. 

    This one-of-a-kind infrastructure has attracted the attention of meme coin enthusiasts, enabling it to raise over $1.4 million just four weeks into its presale. In addition to its real-world use case and subsequent growth potential, early adopters have an opportunity to rake in huge gains during the 30-stage presale. 

    With every three-day stage, the token price increases by 5%. What started at $0.02 is currently at $0.0243 and is set to rally further to $0.0823 before the token hits the public shelves in Q3. Read more on how to buy PepeX.

    Solana dominance in DEX trading fuels recovery

    Solana Price Chart
    Solana Price Chart

    In the recent months, altcoins and meme coins have been under selling pressure. However, as the assets find their footing, Solana has emerged as one of the top performers. 

    Notably, its dominance in the decentralized exchange (DEX) space has fueled its recovery. As highlighted by CoinGecko, Solana dominated DEX trades at a rate of 39.6% in Q1’25. 

    A look at its daily chart shows Solana price trading above the 25 and 50-day EMAs. In the short term, I expect $126.90 to be a steady support zone as the bulls strive to break the resistance at $144.50. If successful, the next target will be at $155. 

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  • Bitcoin-focused MicroStrategy stock has 22% upside – analyst says

    Bitcoin-focused MicroStrategy stock has 22% upside – analyst says

    microstrategy stock has 22% upside td cowen analyst
    • TD Cowen analyst sees upside in MicroStrategy to $520.
    • Lance Vitanza explained his bullish view in a research note.
    • MicroStrategy stock has already tripled since the start of 2023.

    MicroStrategy Inc has already tripled since the start of this year but a TD Cowen analyst continues to see further upside in this stock.

    MicroStrategy stock could climb to $520

    Lance Vitanza assumed coverage of the software company today with an “outperform” rating and said its shares could climb to $520 – up another 22% from here.

    For institutional investors, he said in his research note, MicroStrategy stock is the best way to gain exposure to Bitcoin.

    MSTR uses all its retained earnings and then some to buy and hold BTC [that] reflects a belief that Bitcoin will prove a superior store of value relative to metals and fiat currencies.

    The Nasdaq-listed firm is set to report its Q2 earnings next week. Consensus is for it to lose 71 cents a share versus an alarming $92.81 per share a year ago.

    MSTR trumps BTC or a Bitcoin ETF

    The Virginia-based company currently owns more than 150,000 Bitcoin in total.

    Vitanza recommends MicroStrategy stock also because it’s free from some of the fees related to investing directly in Bitcoin or a Bitcoin ETF. He’s convinced that its underlying business serves as downside protection as well.

    We see MicroStrategy as an attractive vehicle for investors looking to gain Bitcoin exposure.

    MicroStrategy is lobbying for a change in accounting rules related to BTC which may also boost its financials. Bitcoin-specific catalysts, including “halving” and approval of a spot bitcoin exchange-traded fund will also benefit MSTR, the TD Cowen analyst concluded.

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  • JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin

    JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin

    jpmorgan analyst bitcoin upside $45,000
    • Nikolaos Panigirtzoglou says BTC should be trading at $45,000.
    • His forecast is based on gold that’s currently near the $2,000 level.
    • Despite recent weakness, Bitcoin is up more than 60% year-to-date.

    Nikolaos Panigirtzoglou – a JPMorgan analyst remains bullish on Bitcoin even though it has taken a hit in recent weeks.

    A gold-based forecast for BTC

    Last week, Panigirtzoglou said BTC should be trading at about $45,000. His forecast is hinged on gold that’s currently trading near the $2,000 level. In his research note, the analyst said:

    $45,000 price for bitcoin is under the assumption that it equalizes gold in private investors’ portfolio in risk capital or [volume] adjusted terms.

    Remember that the price of both assets are historically known to move in tandem.

    It is also noteworthy that several whales saw the recent dip in Bitcoin as an opportunity and have accumulated about $100 million worth of BTC over the past 24 hours.

    Bitcoin supply will halve in 2024

    It is conceivable that strength of the U.S. dollar index and uncertainty, be it related to the federal debt, the rate hikes, or on the regulatory front, could continue to weigh on Bitcoin in the short-term.

    Long-term, though, JPMorgan’s Panigirtzoglou is convinced of the upside especially as bitcoin halving next year sees the cost of producing a bitcoin hit $40,000.

    Indeed, the previous halving events of 2016 and 2020 were accompanied by a bullish trajectory for bitcoin prices that had accelerated post the halving event.

    Despite the recent dip, Bitcoin is up more than 60% for the year at writing.

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  • MAGIC looks poised for 25% upside

    MAGIC looks poised for 25% upside

    • MAGIC price has jumped 35% in the past week and was up 7% on the day.
    • The token is live on Upbit Global, a crypto exchange based in South Korea.
    • Gaming projects on Treasure use MAGIC.

    The price of Magic (MAGIC) exploded ahead of the token’s listing on major cryptocurrency exchange Upbit Global on Tuesday.

    MAGIC is the native token of Treasure, the decentralised gaming ecosystem that connects games and gamers. Treasure also connects the gaming community via non-fungible tokens (NFTs). Projects use MAGIC, and the latest listing could be a big factor in price movement over coming days.

    Magic tokens are available on multiple top crypto exchanges, including Coinbase, Binance, Gate.io and now Upbit makes it even more accessible to one of the largest blockchain gaming markets in the world.

    MAGIC price analysis: MAGIC could pump 25% to $2.33

    MAGIC was trading in the green on the day as most altcoins struggled amid liquidity rotation into a rolling Bitcoin market that had BTC trending above $28,000 for the third day after breaking its macro downtrend.

    As for Magic price, it traded at 0.00006594 BTC at around 8:00 am ET on 21 March, up nearly 1.2% a few hours after the token listed on the South Korea based crypto exchange with the BTC/MAGIC pair.

    Against the US dollar, MAGIC was changing hands around $1.87 and was up 7% and 35% in the past 24 hours and 7 days respectively. The gains follow an upside momentum buoyed by the hype around Arbitrum (ARB).

    MAGIC price movement on Binance. Source: TradingView

    From a technical point of view, MAGIC price has stayed above the 20 day exponential moving average since breaking above its resistance on 14 March. However, bulls have twice failed to break the immediate barrier at $1.96, making the resistance level at $2.00 the main target in the short term.

    If bulls successfully breach the supply wall at this level, they could confront the hurdle expected around $2.15 – the point of major rejection on 7 February that saw MAGIC eventually retest lows of $0.99 on 11 March 2023.

    An upside continuation, which is supported by the rising Relative Strength Index (RSI) indicator currently above 60, and a positive Awesome Oscillator, Magic could see a 25% upswing to its year-to-date peak at $2.33.  

    On the downside, a negative flip from current levels could prices retreat to the immediate horizontal support line near $1.72. The 20-day EMA line at $1.56 could provide the next buffer zone for bulls.



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  • Bitcoin (BTC/USD) is still on a limited upside

    Bitcoin (BTC/USD) is still on a limited upside

    • Bitcoin lost 1% on Monday ahead of the US inflation data.

    • A crypto analyst expects the inflation data and Fed’s meeting to affect Bitcoin.

    • Bitcoin lacks a directional bias and could move in any direction.

    Bitcoin (BTC/USD) traded down more than 1% on Monday, with the cryptocurrency’s price slightly below $17,000. Bitcoin has traded at this level since the start of the month. The price is also slightly improved from $16,000 at the end of November. But should we expect this price to improve?

    The limited upside in Bitcoin perhaps underlines that investors are still cautious about buying cryptocurrencies. That means a significant number expect Bitcoin to fall further as risk-on sentiment remains. Similarly, buyers are defending the $16,000 level. But as this bull-bear scenario unfolds, a popular crypto analyst expects two macro events to crush BTC further. The analyst, Nicholas Merten, says markets are warming up for the US inflation report and the Fed’s last meeting of the year.

    The US inflation report comes on December 12th, followed by the Fed’s meeting on December 14th. Higher-than-expected inflation is likely to raise speculations of policy tightening by the Federal Reserve. The analyst says already 80% of the market expects the Fed to hike rates by 50 basis points. If inflation comes hot, this will call for faster hikes. 

    Even if the Fed does not embark on fast rate hikes, Merten says markets will still be under pressure. The analyst says the lagging effects of previous policy actions could last longer.

    BTC on a slight upside amid weak momentum

    BTC/USD Chart by TradingView

    On the technical front, BTC trades within narrow ranges. The long-term momentum is bearish, although the cryptocurrency recovered slightly above $16,000. BTC’s next resistance lies at $19,000, while the support is at $14,000.

    Will BTC go lower or higher?

    A limited upside means that Bitcoin price could trade lower if the macro factors are not positive. Investors will monitor the inflation report and the Fed’s action for indicators of where BTC will go next.

    Where to buy BTC

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