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VanEck Doubles Down on Big Bitcoin Price Target, Says Key Indicators Continue To ‘Signal Green’
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Bitcoin
VanEck Doubles Down on Big Bitcoin Price Target, Says Key Indicators Continue To ‘Signal Green’
Published
40 mins agoon
November 25, 2024By
adminAsset management firm and exchange-traded fund (ETF) issuer VanEck is standing firm on its bullish price prediction for Bitcoin (BTC).
In a new report, VanEck says a number of key indicators the firm tracks continue to suggest that BTC is not yet in the late stages of a bull run.
“Now in uncharted territory with no technical price resistance, we believe the next phase of the bull market is just beginning. This pattern mirrors what happened four years ago, when Bitcoin’s price doubled between the 2020 election and year-end, followed by an additional ~137% gain in 2021.
With a transformative shift in government support for Bitcoin underway, investor interest is rising rapidly; we are receiving inbound calls at an accelerating pace as many investors find themselves under-allocated to the asset class. While we remain vigilant for signs of overheating, we reiterate our cycle price target of $180,000/ BTC as a number of key indicators we track continue to signal green for this rally.”
VanEck also looks at perpetual futures trading data, or “perps” which are derivative contracts that allow traders to easily leverage trade cryptocurrencies. The perp market is balanced by funding rates that force one side of the market to pay the other to keep positions open.
The firm says that BTC becomes overheated when the 30 Displaced Moving Average (DMA) perp funding rates exceed 10% for one to three months.
VanEck also expects the new US presidential administration slated to be led by Donald Trump to be more accommodative to the crypto industry, helping boost further rallies as 2025 comes into view.
“In our view, this election marks a bullish turning point, reversing years of offshoring jobs and capital caused by previous hawkish leadership. By fostering entrepreneurial dynamism, the US is poised to become a global leader in crypto innovation and employment, transforming crypto into a critical industry for domestic growth and a key export to emerging markets.”
At time of writing, Bitcoin is trading at $97,098.
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Multichain AI token poised to dethrone SOL, TON: 5,000% gains expected
Published
1 hour agoon
November 25, 2024By
adminDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A new AI-powered multichain crypto, CYBRO, is disrupting the market with projections of up to 5,000% growth, attracting investors eager for the next big opportunity.
A new multichain AI cryptocurrency is set to shake up the market, with projections of massive growth by year’s end. Experts predict it could surpass established players like Solana and Toncoin. With anticipated gains of up to 5,000%, this token is attracting attention from investors eager to catch the next big thing in crypto.
CYBRO presale breaks $4 million milestone
CYBRO is blazing a trail in the crypto world, shattering its presale target by surpassing $4 million and capturing the interest of major crypto whales. As a groundbreaking NeoBank, CYBRO is delivering unmatched opportunities to investors, providing advanced DeFi solutions that maximize earnings across multiple blockchains.
At a presale price of $0.04, CYBRO tokens present a unique chance for significant gains, with experts estimating a potential ROI of up to 1200%. With its powerful blend of AI-driven strategies and DeFi capabilities, the project is attracting a high level of trust from both whales and influencers alike.
The CYBRO ecosystem goes beyond mere tokens—it introduces an exclusive Points system, adding even more value for investors. Holders of these Points automatically qualify for CYBRO Airdrops, where the quantity of tokens received correlates with the number of Points accumulated. Every week, up to 1 million Points are distributed to those participating in CYBRO’s DeFi Vaults, making it an exciting way to engage with the platform.
Owning CYBRO tokens comes with many exclusive perks, including generous staking rewards that average around 10%, access to airdrops, cashback on purchases, and significantly reduced fees for trading and lending. In addition, the platform features a strong insurance program, designed to secure investments and enhance the overall user experience.
With only 21% of the total token supply available for the presale and around 80 million tokens already sold, time is of the essence for those aiming to capitalize on this promising project.
Interested investors can join CYBRO today.
Solana continues to soar
Solana is a high-performance blockchain designed to support decentralized applications (dApps) with unparalleled speed and scalability. Unlike platforms such as Ethereum and Cardano, Solana achieves rapid transactions without relying on sharding or second-layer solutions, simplifying the development process for creators.
Its native cryptocurrency, SOL, powers transactions, program execution, and network rewards while providing access to a diverse ecosystem of projects. SOL has managed to cross its all-time highs in the past few days, standing tall at $252.31.
Toncoin rises amid bull market
Toncoin, the native currency of The Open Network, powers a decentralized, open-source blockchain initially developed by Telegram and now championed by the TON Foundation and its community. Utilizing a proof-of-stake consensus mechanism, TON ensures scalability, security, and minimal transaction fees. The ecosystem is rapidly evolving, incorporating features like decentralized storage, services, DNS, anonymous networking, and seamless payment solutions.
With robust technology and active community support, Toncoin is emerging as a prominent player in the blockchain space. Currently priced at $6.23, TON has managed to surge 14% in the last seven days.
Conclusion
As the crypto market enters the 2024 bull run, established coins like Solana and Toncoin may offer less short-term potential. In contrast, CYBRO emerges as a promising DeFi platform on the Blast blockchain. It provides investors with unique opportunities to maximize earnings through AI-powered yield aggregation. With attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO enhances the user experience with smooth deposits and withdrawals. Its commitment to transparency, compliance, and quality sets it apart. The strong interest from prominent investors and influencers underscores its potential for significant growth. CYBRO stands poised to outperform others, offering a compelling option for those seeking high returns in the evolving crypto market.
To learn more about CYBRO, visit the website, Twitter, Discord, and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Pi Network
Will Pi Network Price Reach $100 in This Bull Market?
Published
2 hours agoon
November 25, 2024By
adminPi Network has erased some of the gains made last week as the recent rally in the crypto industry took a breather. Still, there are chances that the Pi coin will resume its rebound, and potentially hit $100 ahead of the mainnet launch.
Pi Network Price Prepares For the Mainnet Launch
The Pi Network IoU price will be on the spotlight after the recent successful PiFest event and the upcoming ending of the KYC verification of pioneers.
In a recent statement, Pi’s developers said that over 27,000 sellers registered in the Map of Pi during the recent PiFest event. Map of Pi is a dApp in its ecosystem that enables sellers accepting the Pi coin to register themselves.
These numbers mean that the coin is getting popular among sellers, a move that could make it a better cryptocurrency compared to Bitcoin in terms of shopping. It also means that the developers have achieved one of the three conditions that needs to happen ahead of the mainnet launch. This condition calls for the network to have an ecosystem that will give the Pi coin utility.
The other condition is that the developer needs to complete the KYC verification of all miners, a process that has accelerated in the past few months. The grace period of this process will complete on November 30.
Additionally, with cryptocurrencies being in a strong bull run, the third condition of a friendly environment has been met. Therefore, there is a likelihood that the Pi mainnet launch will happen as soon as in December.
Pi Coin Analysis: Will It Hit $100?
The Pi Coin IoU, which is not associated with the Pi project, jumped to $100 in October as anticipation of the mainnet launch. It then suffered a harsh reversal and bottomed at $44.95 on November 12. This decline was notable because its lower side was slightly above the 100-day moving average, which explains why the coin has bounced back.
Pi Network’s rebound also happened a few weeks after it formed a golden cross as the 200-day and 50-day moving averages crossed each other.
The current retreat happened after the coin rose to the extreme overshoot of the Murrey Math Lines. Therefore, with the rising expectation of an upcoming mainnet launch, there are chances that the Pi coin price will bounce back, and potentially retest the important resistance at $100. A break above that level will raise the odds of the coin rising to the year-to-date high of $122.05.
On the flip side, a drop below the top of the trading range at $56.25 will invalidate the bullish view, and raise the odds of it falling to $45, its lowest level this month.
Frequently Asked Questions (FAQs)
There are chances that the coin will bounce back ahead of the mainnet launch, which is expected to happen in December this year. If this happens, the coin may retest the key resistance at $100, its highest point last month.
No. Pi coin is not associated with the real project and is not an indicator of what will happen when the mainnet launch happens.
It is unlikely that the Pi Coin will do well after the mainnet launch as evidenced by the recent crashes of Hamster Kombat and Notcoin.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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