Analysis Crypto by Thebittimes.Com

With all eyes on the outcome of the year’s inaugural meeting, the Federal Reserve has decided to keep interest rates unchanged in its first decision of 2024. Many experts predicted the agency would opt not to raise or cut interest rates to start the new year, keeping them at its current 5.25%- 5.50%. However, many are seeking insights as to when those cuts could come. After their two-day policy meeting, the agency had opted to leave interest rates at the current 23-year high. Moreover, this decision follows the same outcome of the last three meetings for the Central Bank officials. Yet, amid positive inflation data, experts are seeking clues as to when those coveted cuts could finally manifest. BREAKING: 🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) January 31, 2024 Also Read: Federal Reserve Keeps Interest Rates Unchanged Federal Reserve Leaves Interest Rates Unchanged to Star...

TLDR Solana meme coin Wen delivers $1.6 million in profits to traders, showcasing the potential of investing early in these fast-rising assets. NuggetRush, a play-to-earn gaming and NFTs platform, sees a 44% surge during its presale, indicating strong investor interest in its potential for exponential gains. The intersection of gaming, NFTs, and DeFi drives NuggetRush’s appeal, with analysts predicting a similar post-launch rally to WEN. Solana (SOL) meme coins are gaining widespread attention thanks to their explosive potential. Investing early in new meme coins has always provided investors with enormous profits and made many Crypto currency investors millionaires. Myro (MYRO) did it, and now Wen (WEN) has followed suit, delivering over $1.6 million to an unnamed trader smart enough to seize the opportunity.  Wen’s success has drawn the interest of many investors in fast-rising meme coins like NuggetRush (NUGX) . The meme coin-run p...

Singapore-based Terraform Labs says its recent bankruptcy filing will help it pursue a “do-or-die” appeal against the U.S. Securities and Exchange Commission (SEC). According to a Reuters report, Terraform Labs, the developer behind the Terra blockchain ecosystem, filed for bankruptcy earlier in January due to potential financial constraints in dealing with an unresolved judgment and pursuing an appeal with the SEC. In December 2023, a U.S. court ruled that Terraform Labs and its founder, Do Kwon, violated U.S. law by failing to register two cryptocurrencies: LUNA and MIR, which the SEC deemed as securities. The court’s judgment could potentially exceed the debtor’s assets, according to Terraform Labs’ Head of Company Operations, Chris Amani. “The exact size of a money judgment remains unknown, but it could very well outstrip the debtor’s assets.” Chris Amani You might also like: Terra Classic delisting confirmed by Cryp...

Today’s Analysis of the  best meme coins  to watch focuses on SquidGrow, Chi huahua , and Memecoin. It also takes a sneak peek at the new presale, Sponge V2, presently shaking the entire crypto world, having raised over $5 million in presale. New and Best Meme Coins to Buy Chihuahua is up 10% a few hours after it announced burning 100 million tokens, while SquidGrow confirmed integrating its utilities with the Ryoshi L2 network. Meanwhile, Sponge V2 has presented reasonable price performance, increasing by 82.99% in the last week, 85.39% in the previous month, and 827.35% in the last three months, implying a steady upward movement. 1. SquidGrow (SQUID) In an announcement sweeping through the crypto space, SquidGrow confirmed integrating their utilities with the Ryoshi L2 network. This will allow holders to swap tokens and purchase NFTs with $SHIB through SquidGrow utilities on Ryoshi L2. This collaboration reflects a commitment by the team at Squid to pushing the ...

Data revealed by Kaiko shows that Tether’s euro-pegged stablecoin has traded at a “persistent discount” to the euro since November 2023. Tether‘s euro-pegged stablecoin (EURT) has consistently traded at a discount to the euro since November 2023, failing to compete with Circle‘s EURC stablecoin , according to data revealed by Kaiko. In a blog post on Jan. 29, the Paris-headquartered firm noted that Circle’s EUR Coin has maintained a premium for a few months in a row, indicating a surge in demand. Meanwhile, Société Générale‘s EURCV, the first stablecoin issued by a bank, has largely maintained its peg since its launch in early December 2023. Comparison between euro-pegged stablecoin s | Source: Kaiko However, the EUR stablecoin market remains fragmented, with EURT primarily traded on offshore platforms like HTX (formerly Huobi) and Bitfinex, while EURC dominates trading on decentralized exchanges, Kaiko noted, adding that this fragm...

A trader who nailed Bitcoin’s (BTC) 2018 bear market bottom believes that one Ethereum (ETH) rival is poised for a big burst to the upside. Pseudonymous analyst Bluntz tells his 238,500 followers on the social media platform X that Solana (SOL) appears to have completed an ABC corrective wave. Bluntz says that he now expects Solana to start a new five-wave rally that could see SOL printing about 50% gains from current prices. “SOL reclaimed breakdown range, move up to $150+ now basically confirmed. Bears about to learn the true meaning of pain.”  Source: Bluntz/X The analyst practices the Elliott Wave theory, a technical Analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset often goes through an ABC correction before launching a five-wave move to the upside. At time of writing, SOL is trading for $97.24, up nearly 4% in the last 24...

USDT circulating increased, suggesting a BTC price increase shortly. The MACD and RSI indicated a possible bullish move for the coin. New Bitcoin addresses are buying the dip, indicating a likely rise above $43,000. According to Simona_APC, a CryptoQuant author, Bitcoin’s (BTC) price could be positively affected by the rise in USDT’s circulation supply. To back up her point, the on-chain analyst referred to historical data. Simona used an example in 2022, citing how USDT’s supply has increased by 30 billion since 2022. She also noted that each increase was followed by a notable BTC pump. Correlation between USDT circulating supply and Bitcoin’s price "Since the end of 2022, the circulating supply of $USDT has increased by around 30B. Each increase in supply has traditionally positively affected the development of the $BTC price." by @simona_apc Full Post… pic.twitter.com/1bL8YzfRdg — CryptoQuant.com (@cryptoquant_com) January 29, 2024 ...

In January, the Solana blockchain record ed its highest level of new addresses since May 2022. According to Hellomoon, the number of new Solana addresses reached 10.13 million in January. This figure was a record since May 2022, when 11.72 million addresses appeared on the network. At the same time, in the entire history of the blockchain, January 2024 was in second place after May 2022 in terms of the number of new addresses. Source: Hellomoon The success of Solana-based meme coins has undoubtedly influenced the number of registrations. The latest popular meme token, WEN, is currently being distributed to over a million users, although almost half of them remain unclaimed at the time of publication. The WEN airdrop also serves as a test for Jupiter, Solana’s largest decentralized exchange aggregator, ahead of this Wednesday’s planned airdrop of its native governance token, JUP. The first JUP airdrop is open to 955,000 eligible users who have met the $1,000 sw...

According to Dan Gambardello, the current price dip is the most bullish thing that could happen to Cardano. Gambardello showed that ADA had repeated its move in 2020 after the Bitcoin halving. The analyst showed that ADA’s current situation suggests a brief rally into the 50-day moving average region. According to Dan Gambardello, founder of Crypto Capital Venture, the current price dip is the most bullish thing that could happen to Cardano and the crypto market. Gambardello used the ADA/USD weekly chart from TradingView to show how the cryptocurrency is forming a familiar bullish pattern. Early CARDANO Bull Market (One Thing MUST Happen) Intro 00:00 This dip is most bullish thing 00:40 ADA bull market doors 1:10 How much lower 2:45 Clues on Cardano daily 3:00 Early ADA bull trigger 6:50 Cardano structure now or later? 8:00 Most important point 9:00 pic.twitter.com/nHsVEVolDa — Dan Gambardello (@cryptorecruitr) January 27, 2024 In a recently uploaded vid...

Jan 27, 2024 at 09:32 // Price Author Coin Idol The price of Ethereum (ETH) has fallen below the moving average lines but remains above the $2,168 support. ETH price Analysis by Coinidol.com. Long-term analysis of the Ethereum price: bearish The current support level of $2,168 corresponds to the historical price level of December 12, 2023. Since December 12, 2023, buyers have been defending the price above the historical price level of $2,000. Since the price drop on January 23, 2024, the largest altcoin has been trading above the $2,168 support. Currently, ...

The Bitcoin price has climbed 2.8% in the last 24 hours to hold a spot price of $40.9K  as of 9:30 a.m. EST. In the midst of the Bitcoin price rebound, research by Santiment shows that Reddit users were the quickest to buy the dip during the recent BTC price decrease, unlike pessimistic or undecided users on other social media networks like Telegram and X.  While bullish terms like ”buy” and ”bottom” showed a spike on Santiment’s social volume metric for Reddit, users on X and Telegram were still in bearish mode, the firm said. 📈🧐 #Bitcoin has rebounded back above $40K, and social platforms are split on how to respond to the volatility that has been prevalent ever since the #ETF approvals 2 weeks ago. When #Telegram, #Reddit, #X, and #4Chan are all in an extreme level of #bullish or (Cont) 👇 pic.twitter.com/B6u5WV164R — Santiment (@santimentfeed) January 25, 2024 Bitcoin Price Analysis: Bitcoin Bulls Take Char...

During the 2024 presidential race, the discussion on a U.S. CBDC becomes more intense. Candidates’ contrasting views mirror wider concerns about privacy and government control. As of Jan. 2024, the situation regarding central bank digital currencies (CBDCs) in the U.S. is characterized by caution and gradual progression, especially when compared to the advancements made by other countries.  Currently, 11 countries have fully implemented digital currencies, while China, India, and several other countries are in the pilot phase. Source: Atlantic Council In the U.S., the development of a retail CBDC (direct-to-consumer) has seen little progress. However, there is forward movement on a wholesale CBDC, which focuses on bank-to-bank transactions.  Amid this, the Federal Reserve is approaching the idea of a digital dollar with a degree of caution. Fed Chair Jerome Powell expressed interest in a digital dollar in 2022 but also recognized the need for careful consideration ...

The prized $1 target for meme coin Shiba Inu remains top-of-mind for its community. However, SHIB currently trades at a mere $0.000008921, making the milestone seem improbable without extraordinary tailwinds. Nonetheless, AI chatbots ChatGPT and Google Bard have indulged in speculative queries about timeframes for the token potentially hitting this lofty peak. Near-Term Shiba Inu Price Projections Cautiously Optimistic ChatGPT notes SHIB surpassing $0.0001–$0.0005 within two years as realistic based on feedback. Over 3-5 years, $0.01-$0.1 may materialize under highly favorable circumstances like mainstream usage or major utility expansion. Also read: Dogecoin: How High Can DOGE Go After X Payment Integration? Still, the bot clarifies that hitting $1 even on that timeline requires “extraordinary circumstances,” including listing on prominent platforms. Google Bard agrees and says that it might take many, many years, even hundreds, before something as drastic as a whole coun...

Treasury and BOE intensify efforts to explore CBDC feasibility and design options. Emphasis is on privacy and security in the CBDC design process. Discrepancies over holding limits highlight debates within the banking sector. The United Kingdom is ramping up efforts to develop its own Central Bank Digital Currency (CBDC), known as the Digital Pound or Britcoin, amidst growing privacy concerns and criticism from banking institutions. The move signals a pivotal moment in the UK’s exploration of digital currencies as it navigates the complexities of modernizing its monetary system. Digital Pound design work underway The UK Treasury and the Bank of England (BOE) have announced a significant step forward in the development of a digital version of the pound. Acknowledging the need for further study, officials are intensifying efforts to explore the feasibility and design options for a CBDC. This decision follows a consultation process that garnered over 50,...

KuCoin proclaims support for AI-focused platform GT Protocol (GTAI). GTAI tokens can now be deposited on KuCoin, with trading commencing on January 25. GT Protocol harnesses Web3 AI execution technology to introduce AI portfolio management, trading, and investments. KuCoin, a prominent centralized cryptocurrency exchange, has formally declared its backing for the rapidly expanding AI-driven crypto investment platform GT Protocol (GTAI). In an official blog post and communication via its X handle, KuCoin revealed its decision to include GT Protocol’s token, GTAI, in the list of tradable assets on its platform. World Premiere New Listing@GT_Protocol $GTAI Gets Listed on #KuCoin! Pair: GTAI/USDT Deposit: now open (network: BEP20) Trading: 10:00 on January 25, 2024 (UTC) — KuCoin (@kucoincom) January 19, 2024 In the notification, KuCoin expressed satisfaction with endorsing the GT Protocol token on its spot trading service. Per the notificat...

A cryptocurrency personality, Davinci Jeremie, with a knack for timely calls, has just purchased a Solana meme coin, prompting speculation he foresees parabolic gains akin to his infamous Bitcoin video nearly a decade ago. Davinci Jeremie published a YouTube video on May 9, 2013, urging viewers to buy a minimum of $1 worth of BTC when it traded below $120. At the time, Jeremie predicted the landmark digital asset would make early backers rich beyond imagination. Bitcoin has since rallied as high as $69,000 to make good on that prophecy. Also read: Dogecoin: How High Can DOGE Go After X Payment Integration? In a new video clip tweeted Sunday, Jeremie revealed he is now buying $100 worth of PONKE, a meme coin running on the Solana blockchain infrastructure. He compared the speculative bet to his trading style years ago. Like I said I would buy $100 of $PONKE and here it is I have some Ponke. pic.twitter.com/UrNZePJcDd — Davinci Jeremie (@Davincij15) January 20, 2024 ...

We analyzed some of the top crypto currency startup s of 2024 and their achievements. Table of Contents Alchemy Chainalysis Fireblocks Mysten Labs Aleo In 2023, the crypto market saw a notable turnaround, with its market cap increasing by 109%. This surge was largely driven by the first and fourth quarters of the year, buoyed by the anticipation of Bitcoin ETF approvals and the upcoming Bitcoin halving. Amid this, the global economic environment, characterized by decent GDP growth and moderate inflation rates, further fostered a positive atmosphere for crypto investments.  Web3 cryptocurrency startups gathered significant attention, attracting 1173 investments of $9 billion. Among these, infrastructure projects received a lion’s share of the investments, evidencing the sector’s robust development. Moreover, the resurgence of gaming activity and the rebound of the non-fungible tokens (NFTs) market in the last quarter of 2023 were other key highlights. The NFT...