Posts

Showing posts with the label market outlook

The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Shiba Inu On Verge Of 180% Upside: Here's Why You Shouldn't Ditch SHIB

Image
Shiba Inu is currently one of the most anticipated cryptocurrency tokens to exist in space today. The token has carved its own unique price path as SHIB has weathered severe price conditions and is still standing strong against new waves of change. In the middle of this, one crypto analyst has predicted a wave of bullish breakthroughs for SHIB, including a 180% upside brewing for the token. Here’s why SHIB holders should not give up on the token right now. Also Read: If Shiba Inu Ever Hits $0.01, It’ll Be Because of This One Factor Shiba Inu: What’s Cooking? Source: Pixabay Shiba Inu has long been moving at a sluggish pace, unable to explore a breakthrough that has been expected from the token for a while. SHIB is currently sitting at $0.00001193, up 2% in the last 24 hours. With SHIB’s sluggish price spiral, murmurs of exploring SHIB alternatives have long gained attention and weight. However, per an expert, Javon Marks, it’s about time SHIB breaks out in a new demean...

Ethereum: Tron Founder Justin Sun Recommends Buying

Image
The cryptocurrency industry witnessed a major shift in trend. Several assets recorded a massive rise. Amidst this, Ethereum (ETH) also saw an uptick. Despite failing to hit the $3,000 mark, the world’s largest altcoin managed to rake in endorsements. Also Read: Expert Forecast: S&P 500 to Gain 11% by Mid-2025 How is Ethereum Faring At The Moment? ETH has been moving quite slowly throughout the year; the asset barely recorded a major rise in its price. But the asset was seen turning over a new chapter with Donald Trump’s latest victory. Ethereum witnessed a spike of 15% over the past seven days. The altcoin went from a low of $2,393 to a high of $3,000. ETH was trading at $2,914.77 at press time, following a 3.74% rise in the last 24 hours. Source Amidst this, the Tron blockchain network’s founder, Justin Sun, thinks there is still an opportunity for Ethereum to grow. Sun recently tweeted that he was optimistic about the health of the cryptocurrency industry, parti...

Bitcoin: Analyst Predicts BTC Could Drop To $40,600

Image
The cryptocurrency market is undergoing another dip, with Bitcoin (BTC) falling below $57,000. The global crypto market cap, on the other hand, has fallen by 4.6% in the last 24 hours to $2.08 trillion. September has historically been a bearish month for the crypto sector. The trend seems to be intact this year as well. Also Read: Can Dogecoin (DOGE) Rise To $1 in 2024? Current Market Trends and Predictions Source: CoinGecko BTC’s Recent Performance BTC is currently down 3.8% in the daily charts, 4.3% in the weekly charts, and 4.5% in the 14-day charts. However, the largest crypto by market cap has maintained gains in the monthly chart, rallying 7.4% in the last 30 days. Why Is The Crypto Market Dipping? The latest market dip is surprising. The Federal Reserve recently announced an interest rate cut in September. Rate cuts usually lead to riskier investments from market participants. September is also usually a bearish month for Bitcoin and the crypto market and may have led to investo...