Analysis Crypto by Thebittimes.Com

As the cryptocurrency market shows signs of recovery, several digital assets are nearing significant market cap milestones. Among them, Chainlink (LINK) and Polkadot (DOT) stand out as prime candidates projected to surpass the $10 billion mark in the coming weeks.  These predictions are based not only on the continuation of the bull run but also on factors like high supply inflation, which could drive market cap growth even with minimal price movements. Picks for you AI predicts Solana (SOL) price post-SEC pivot on Binance case 38 mins ago Here’s why XRP could hit $18 in September, according to analysts 2 hours ago 3 stocks to buy if ...

Ripple is responsible for developing the XRP Ledger (XRP) and is the token’s largest holder, whose actions impact its price. On August 1, the company will unlock another 1 billion XRP from the initial distribution, potentially creating relevant selling pressure. Notably, Ripple has done these unlocks every month since implementing the escrow system in 2017, locking 55 billion XRP. Right now, around 44.02 billion XRP are still locked into these escrows, waiting to enter circulation through Ripple sell-offs. The next escrows will end on July 31, releasing the tokens with a $600 million nominal value by press time. However, Ripple may re-lock the most part of it, as happened in previous months. Picks for you Bitcoin's 13-year trend predicts when BTC will peak at $200,000 2 hours ago ...

As May 2024 progresses, the cryptocurrency market is experiencing the ripple effects of the Bitcoin (BTC) halving event that took place in April—a key event often seen as a bullish catalyst for Bitcoin and the broader cryptocurrency landscape. This positive sentiment is proving advantageous for several cryptocurrencies nearing significant market cap milestones, particularly the $1 billion mark. Despite the prevailing market trends, certain assets are showing strong potential for growth, supported by robust underlying fundamentals. Building on this trend, Finbold has identified two cryptocurrencies poised to attract a substantial capital inflow in May 2024, potentially propelling them toward the $1 billion market cap milestone. Notably, these assets are already approaching this significant threshold. Picks for you Ethereum Dencun upgrade turns ETH inflationary again 2 hours ago Can SOL flip ETH? Solana surpasses Ethereum in DEX volume 2 hours ago ‘Nvidia of cry...

Despite gathering significant momentum in the final quarter of 2023, the crypto market entered the New Year with a bit of a limp.  On the one hand, the world’s major cryptocurrencies have, as a rule of thumb, remained close to their December highs – and significantly above the prices seen throughout the bulk of the “crypto winter.” On the other hand, the first weeks of 2024 were marked by price corrections, sudden drops, and significant volatility. A major event and the focal point for much of the conversation has been the approval of the first spot Bitcoin exchange-traded funds (ETFs) in the United States.  Cryptocurrency Hedge fund manager lists 5 reasons why Bitcoin ETF failed to meet expectations Cryptocurrency Short squeeze alert: Two cryptocurrencies that could soar Cryptocurrency Binance copy trading averages over $2 billion weekly since launch Cryptocurrency Microsoft’s Copilot AI pr...

The Bitcoin (BTC) mining business is a live ‘winner-takes-all’ race, with mining companies and pools competing against each other for the discovery of the next valid block that guarantees the right to collect the mining reward of 6.25 BTC plus transaction fees. Recent changes in the hashrate spectrum towards AntPool could further impact Bitcoin network decentralization. Notably, the Digital Currency Group (DCG) subsidiary and American mining pool, Foundry USA, has led this race in the last three years. Foundry dominated the block discovery by 17.78%, for a total of 28,331 Bitcoin blocks mined since October 2020. This data is from mempool.space , collected by Finbold on October 6, 2023. Bitcoin Pools Ranking, 3-year. Source: mempool.space However, AntPool has suddenly increased its hashrate power in the last few days, surpassing Foundry USA in the block discovery to become the new leading pool in the Bitcoin mining race. AntPool has kept its second place, closely following the lead...

Even though many assets in the cryptocurrency market have started to slowly recover from the recent dip amid sideways trading, Shiba Inu (SHIB) has been among those that have continued to register losses, particularly in terms of its market capitalization. Specifically, the dog meme cryptocurrency has lost $1.85 billion from its market cap across the past month , slipping from $6.1 billion , where it stood on August 14, to the current $4.25 billion , as of the latest data from crypto monitoring platform CoinMarketCap on September 13. SHIB 30-day market cap chart. Source: CoinMarketCap On top of that, only 9% of all SHIB holders are currently in profit, as opposed to 89% of them who are sitting on unrealized losses, according to the most recent information retrieved from the crypto analytics platform IntoTheBlock. SHIB holders making money at current price. Source: IntoTheBlock SHIB price analysis Meanwhile, Shiba Inu was at press time changing hands at the price of $0.00000...