Analysis Crypto by Thebittimes.Com

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Hopes for BlackRock’s spot bitcoin exchange-traded fund (ETF) were dealt a blow this week after the IBTC ticker disappeared from a key listings database, sparking a bitcoin price drop. JUST IN: BlackRock's iShares #Bitcoin Trust has been removed from the DTCC (Depository Trust & Clearing Corporation). pic.twitter.com/i9fkWRLlAE — Watcher.Guru (@WatcherGuru) October 24, 2023 On Monday, BlackRock’s proposed iShares Bitcoin Trust was added to the Depository Trust and Clearing Corporation’s ( DTCC ) reference database with the IBTC ticker symbol.  The move fueled speculation that approval for a spot bitcoin ETF by the world’s largest asset manager was imminent. Bitcoin rallied to over $35,000 following this Also read: Polygon (MATIC) Price Prediction: October End 2023 However, just a day later, IBTC was removed from the DTCC ’s listings without explanation. Additionally, the news dashed hopes for near-term approval, wi...

A popular crypto trader is predicting that Solana (SOL) and another altcoin will be top performers in the next bull cycle for one key reason. Pseudonymous analyst Bluntz tells his 224,800 followers on the social media platform X that the recent rallies by SOL and Chainlink (LINK) indicate the two alts will outperform other cryptos based on history. “So it seems of all the ‘majors,’ SOL and LINK are the two standout outperformers right now that I can see. In my experience, the first runners usually continue to outperform all through the bull market. Naturally, people feel they missed the boat and want to chase other coins instead in hopes they are lagging. I’ve also done this myself from time to time, but it’s worth remembering that there usually isn’t ‘the next LINK’ or ‘the next SOL.’ The next LINK and SOL are going to keep being LINK and SOL IMO (in my opinion).” The trader also weighs in on Ethereum (ETH) against Bitcoin (BTC) and predicts ETH/B...

An analyst who nailed the top of Bitcoin’s (BTC) 2021 bull market thinks that the crypto king is gearing up for an explosive rally. Pseudonymous analyst Pentoshi tells his 703,300 followers on the social media platform X that Bitcoin’s gradual ascent as of late is setting BTC up for a massive move to the upside. “This slow grind up on BTC reminds me of the ones that eventually lead to much larger moves.” According to Pentoshi, Bitcoin will likely not move up in a straight line, but he believes that the dips will be short-lived. “BTC there will be some sharp pullbacks, but if this is a new trend, they will likely be short in duration.”  Source: Pentoshi/X At time of writing, Bitcoin is trading for $30,643. The analyst is also watching the price action of the decentralized oracle network Chainlink (LINK). Pentoshi says that LINK has already broken out of its massive accumulation range and now looks poised to hit his target clo...

Investor FOMO drives Shiba Memu to $4 million presale What makes Shiba Memu unique compared to other meme tokens? Is Shiba Memu a good investment? Shiba Memu extended its presale after an initial offering saw massive demand from an excited community. Now with cryoto in bullish mood and the presale extension nearing a close, the fear of missing out on what could be a great investment opportunity is driving new interest.  Shiba Memu presale near $4 million While speculation on what Shiba Memu can achieve is likely behind part of the early enthusiasm about this project, most of it could be down to what makes it unique from other meme tokens. Global investors keen to diversify their portfolios with this token have poured millions into the project via the Shiba Memu (SHMU) presale . Having launched for an initial 60 day period in July, the Shiba Memu team moved to extend the offering to October 31.  The new timeline has accorded interested investors a...

Chainlink’s adoption continues to rise as Kreepy Kritters and PixelSweepers adopt CCIP for cross-chain NFT transfers. Meanwhile, Litecoin is bearish despite celebrating its 12th anniversary lately. In other news, Everlodge is building a platform allowing anyone to invest and own real estate .  Everlodge leverages NFT fractionalization in real estate Everlodge is finding traction in the ongoing presale. The platform plans to launch a web3 marketplace to reshape real estate . They aim to make real estate more affordable, accessible, and profitable for everyone. According to recent research, the global real estate industry is worth over $280 trillion and has the potential to generate billions in profits in the years to come.  You might also like: Cosmos is bearish as analysts predict Polkadot to retest $2, Everlodge bullish in presale Everlodge will create non-fungible tokens(NFTs) representing real estate assets such as hotels and luxury apartments. Afterward, the...

Upland, a blockchain-based real estate collecting and trading game, has secured an additional $7 million in its Series A funding round. This investment is led by EOS Network Ventures and marks their first foray into the world of crypto gaming.  Upland expands crypto gaming metaverse The fresh capital injection is earmarked for expanding the Upland game in several significant ways. Most importantly, the funds will be used to improve the game, making it more captivating for players.  Upland’s standout feature is enabling players to purchase and sell digital versions of real-world properties on a virtual map. The funding extension comes on the heels of the initial $18 million Series A round, which took place in 2021. In addition to enriching gameplay, Upland has set its sights on bolstering its marketing strategy. This step aims to increase the game’s exposure and draw in a larger player base. Additionally, Upland plans to offer tools for external developers, opening...