Bitcoin (BTC) is regularly the subject of speculation. It's normal: not only is the flagship cryptocurrency highly valued, but it has also been gaining momentum in recent weeks. Some believe that the asset is destined to reach a new milestone.
What is a seed? Is it possible for someone to guess it? What are the chances of that happening? What is the seed used for?
The social analytics platform LunarCrush has conducted a cryptocurrencies analysis in terms of social engagement, revealing that Pepecoin (PEPE) competes with well-established major cryptocurrencies. Let's take a look at the results of LunarCrush's analysis.
The volatility of cryptocurrencies leads us to accept that the bull run is far from being linear at all. Bitcoin, which started this year with impressive performance, allowing it to flirt with $31,000, has now dropped back to $27,000. Such conditions lead Rekt, a notorious crypto analyst, to predict a decline for the queen of cryptocurrencies.
A popular crypto strategist has predicted a significant drop in altcoins, while also updating their outlook on Pepecoin (PEPE) and Avalanche (AVAX), a rival of the Ethereum (ETH) network. The analyst, known by the pseudonym Sherpa, informed their 195 Twitter followers that altcoins could plummet by up to 50%.
It's no longer a secret that Bitcoin has outperformed expectations in recent months. The numbers clearly show a surge in its value. Meanwhile, despite gloomy economic and financial circumstances, Bitcoin has not experienced a significant drop. According to some experts, there might be a reason for this.
An anonymous analyst predicts an increase in the value of the SUI token, suggesting buying at around one dollar. They also recommend investing in Pepe, despite its controversial reputation, and believe that Chainlink could be a good buying opportunity once it emerges from its long accumulation period. Keep a close eye on them!
So far, it has been a year of strong performance for the leading cryptocurrency, with prices generally on the rise. And for many analysts and Bitcoin enthusiasts, this trend is expected to continue. However, others are a bit more cautious due to the economic context and its impact on the crypto market.
Crypto exchange crashes like FTX have always been preceded by massive currency transfers. However, some observers claim that large volumes of Bitcoin have been leaving exchanges such as Binance recently. Is this the beginning of the end for this giant and its peers?
Nicholas Merten, a widely followed crypto analyst, recently sounded the alarm by stating that the massive sale of stocks by investing legend Warren Buffett does not bode well for financial markets, including Bitcoin. According to him, the current rally in the cryptocurrency is sorely lacking in price models to support a short-term uptrend, making a significant price increase unlikely.
Despite the ongoing global economic crisis, the cryptocurrency space continues to grow. Evidence of this can be seen in the number of countries that have already adopted cryptocurrency. However, there are still others who remain skeptical about promoting investment in Bitcoin. Such as Ireland. According to the governor of the Central Bank of Ireland, Bitcoin is a Ponzi scheme.
One of the biggest fears of crypto players is that a blockchain will be attacked. This situation almost always results in significant losses and undermines investor confidence in the crypto industry. However, there have been recent rumors circulating about the possibility of a denial-of-service (DoS) attack on Bitcoin. It should be noted that this type of cyberattack makes transactions very difficult by disrupting the functioning of the affected network. Bitcoin maximalists have decided to react to ease concerns.
Two Bitcoin developers are stepping up to the plate to criticize the increased transaction fees caused by BRC-20.
Blockchain analysis platform Santiment is optimistic about the upcoming price increase of five cryptocurrencies. However, the context favors a significant decrease in altcoin prices compared to Bitcoin (BTC). Nevertheless, Santiment believes that Litecoin (LTC) and four other altcoins are undervalued.
In recent weeks, interest in cryptocurrencies has certainly increased among users. This includes Bitcoin (BTC). Memecoins like Shiba Inu are concerned too. However, this interest doesn't seem to be shared by all users.
There is a heated debate going on in the crypto world about the centralization of Ripple (XRP) between supporters and detractors of this cryptocurrency. Justin Bons, founder of CyberCapital, has accused Ripple's leaders of making false promises of decentralization. But Matt Hamilton and David Schwartz are not backing down, and they vigorously refute these allegations. The debate is raging, and it doesn't seem to be stopping anytime soon!
The Bitcoin network is experiencing intense activity with the speculative frenzy surrounding Ordinal's BRC-20. This influx has led to real network congestion, resulting in a drastic increase in transaction fees. Yesterday, block number 788695 set a historical record by reaching 6.7 bitcoins in fees, exceeding the 6.25 bitcoin block subsidy.
A major first in the history of the Bitcoin network. BRC-20 tokens based on the Bitcoin network via the Ordinals protocol currently have a combined market value of over $900 million. For members of the crypto community as well as analysts, this marks the rapid rise of an emerging asset niche on the most famous blockchain.
This prediction comes from Kevin Svenson, a crypto analyst with 126,000 followers on Twitter. He has stated that Bitcoin is gearing up for a bull run, and altcoins like LINK will follow it.
Binance is facing massive withdrawals as well as transaction fees multiplied by the latest fashionable nonsense: the BRC-20…
In April, the price of Bitcoin reached the $30,000 mark. A level it had not reached in several months. The price of Bitcoin (BTC) subsequently dropped from this level. This episode seems to have demonstrated the relevance of the asset. For some, it has now become a rock that nothing can shake.
The Cardano Foundation, a Swiss non-profit organization, has released its first annual report, revealing its numerous accomplishments in 2022. The report highlights the Foundation's work in supporting the development and adoption of Cardano, a blockchain platform that competes with Ethereum. The Foundation also managed to propel ADA onto a dozen new exchanges. Let's discover together the highlights of this report.
In March, Srinivasan made a bold prediction that Bitcoin would skyrocket due to the bankruptcy of banks and inflation. According to him, the price of BTC could reach $1 million. Despite the changing economic landscape in the United States, Balaji Srinivasan is sticking to his Bitcoin prediction.
A study by Privacy Affairs has revealed that darknet hackers are selling Binance accounts for $410 on the dark web. Accounts on other crypto platforms are being sold for as low as $30 each. Online bank account identification information and credit card details are also being sold.
Coinbase's executives have unlocked new levels in their artificial intelligence tool, ChatGPT. They have discovered a jailbreak in ChatGPT. This jailbreak allows them to calculate the probability of future crypto price scenarios. The tool is very useful and has estimated several future price scenarios for some famous cryptocurrencies.
Following the bankruptcy of Silicon Valley Bank (SVB), which created shockwaves in the banking industry, numerous institutions began to feel the effects of this collapse. This is particularly the case for First Republic bank, which is going through a period of crisis and getting closer to the edge of the precipice day by day. Is the banking carnage just beginning in America?
A detailed analysis of transaction volume, circulation and NVT divergence, and daily active addresses has revealed a slowdown in Bitcoin network activity. The gap between the rise in prices and the slowdown in network activity raises concerns about the sustainability of Bitcoin's growth and the possibility of increased market volatility.
The queen of cryptocurrencies has been performing well since the beginning of the year. Stimulated by the American banking crisis, the price of BTC has rebounded strongly. However, investors are not immune to the volatility of this asset. A famous crypto analyst has predicted a correction in the price of bitcoin (BTC). This movement will be imminent following a rally.
Bitcoin is the leading crypto in the crypto ecosystem, that's no secret. The asset's notoriety comes not only from its valuation, but also from its longevity. In a financial environment that is increasingly favorable to its development, BTC could earn more stripes.
In the world of cryptocurrencies, the Cypherpunk movement is often mentioned when discussing the origins of Bitcoin (BTC). But why? What role did it play in the creation of the pioneer of cryptocurrencies? And, most importantly, what does it entail exactly? Let's explore some answers together.