Scott Melker Talks Trading Strategy and Price Targets
Popular cryptocurrency personality Scott Melker has spoken about his trading strategy, price targets, and five crypto projects he currently holds. The post Scott Melker Talks Trading Strategy and Price Targets appeared first on BeInCrypto.
Popular cryptocurrency personality Scott Melker has spoken about his trading strategy, price targets, and five crypto projects he currently holds.
The post Scott Melker Talks Trading Strategy and Price Targets appeared first on BeInCrypto. Read More
Bitcoin was created by Satoshi Nakamoto Damien Loverso/Alamy Bitcoin’s mysterious creator, Satoshi Nakamoto, dismissed early concerns about the potential for the cryptocurrency to consume large amounts of electricity and contribute to carbon dioxide emissions, according to newly released emails. The true identity of the creator of bitcoin has never been revealed, but after the currency’s
Bitcoin’s mysterious creator, Satoshi Nakamoto, dismissed early concerns about the potential for the cryptocurrency to consume large amounts of electricity and contribute to carbon dioxide emissions, according to newly released emails.
The true identity of the creator of bitcoin has never been revealed, but after the currency’s launch in January 2009, Nakamoto – a pseudonym – was active in online forums and email until late 2010, when they removed themselve
Share this article URL Copied Disclaimer Read More Read Less The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.
2024 will likely be a “decent year for safe-haven assets”, such as Bitcoin, gold, and silver, according to Jag Kooner, Head of Derivatives at Bitfinex. In a commentary sent to Crypto Briefing, Kooner shares his belief that the persistent inflation levels, remaining above the comfort zones of central banks around the world, are anticipated to result in a prolonged period of higher interest rates.
This could result in a delay in easing of monetary policies in developed markets, which may lead to some disappointment among investors. Moreover, Kooner points out that stock markets might face some challenges over the next months.
“Factors such as modest earnings growth and various geopolitical risks are expected to exert downward pressure on stock markets. Some research suggests modest earnings growth for the S&P 500, in the range of 2–3% and a target of 4,200 for the index, with a downside bias. This aligns with our view and we believe will result in more demand for commodities and Bitcoin.”
However, the correlation between Bitcoin and gold has been negative in the last 30 days, according to on-chain data platform Glassnode. On Feb. 22, the pair shared a negative correlation of 0.5, where 1 is fully correlated and -1 is the absence of any correlation.
Gold and Bitcoin correlation chart. Image: Glassnode
If Kooner’s prediction comes true, the data corroborating it might start showing over the next weeks.
Share this article
URL Copied
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Share this article
URL Copied
2024 will likely be a “decent year for safe-haven assets”, such as Bitcoin, gold, and silver, according to Jag Kooner, Head of Derivatives at Bitfinex. In a commentary sent to Crypto Briefing, Kooner shares his belief that the persistent inflation levels, remaining above the comfort zones of central banks around the world, are anticipated to result in a prolonged period of higher interest rates.
This could result in a delay in easing of monetary policies in developed markets, which may lead to some disappointment among investors. Moreover, Kooner points out that stock markets might face some challenges over the next months.
“Factors such as modest earnings growth and various geopolitical risks are expected to exert downward pressure on stock markets. Some research suggests modest earnings growth for the S&P 500, in the range of 2–3% and a target of 4,200 for the index, with a downside bias. This aligns with our view and we believe will result in more demand for commodities and Bitcoin.”
However, the correlation between Bitcoin and gold has been negative in the last 30 days, according to on-chain data platform Glassnode. On Feb. 22, the pair shared a negative correlation of 0.5, where 1 is fully correlated and -1 is the absence of any correlation.
Gold and Bitcoin correlation chart. Image: Glassnode
If Kooner’s prediction comes true, the data corroborating it might start showing over the next weeks.
Share this article
URL Copied
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
Share this article URL Copied Disclaimer Read More Read Less The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.
Nearly half of the largest crypto airdrops have seen their peak values within the first two weeks of distribution, a Feb. 23 CoinGecko report shows. Specifically, 23 of the top 50 tokens distributed through airdrops, representing 46%, reached their highest prices during this period, highlighting a potential strategy for recipients to maximize profits by selling shortly after receiving the tokens.
Key examples of short-term price peaks include Ethereum Name Service, which surged by 73% on the second day of trading, and X2Y2, with a 121% increase in the same timeframe. Other notable airdrops such as Blur, LooksRare, and ArbDoge AI also saw significant returns within the first 14 days.
The trend suggests an initial spike in interest following the airdrop, leading to a temporary price surge. However, not all airdrops follow this pattern. Some, like Solana aggregator Jupiter, experienced a decline immediately after the airdrop, indicating a quick sell-off by recipients.
The other 27 tokens analyzed in the report reached their peak values beyond the two-week mark, with some taking as long as 581 days. Long-term market conditions and project developments can also play an important role in the valuation of airdropped tokens.
Going over market conditions, the report identified that 19 of the 50 tokens airdropped hit their all-time highs during the 2021 bull market, with some tokens like Uniswap showing returns significantly higher than their short-term peaks.
2022 was notable for NFT-related airdrops, with tokens such as ApeCoin and LooksRare achieving new highs despite an overall bearish market, showing the varied impact of market trends on different types of tokens.
Looking ahead, the approval of spot Bitcoin ETFs in the US has contributed to a bullish sentiment in 2023 and 2024. Airdrops during this period show a mixed pattern, with some tokens peaking shortly after distribution and others benefiting from a more extended holding period, indicating a shift in market dynamics that may influence future airdrop strategies.
Share this article
URL Copied
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Share this article
URL Copied
Nearly half of the largest crypto airdrops have seen their peak values within the first two weeks of distribution, a Feb. 23 CoinGecko report shows. Specifically, 23 of the top 50 tokens distributed through airdrops, representing 46%, reached their highest prices during this period, highlighting a potential strategy for recipients to maximize profits by selling shortly after receiving the tokens.
Key examples of short-term price peaks include Ethereum Name Service, which surged by 73% on the second day of trading, and X2Y2, with a 121% increase in the same timeframe. Other notable airdrops such as Blur, LooksRare, and ArbDoge AI also saw significant returns within the first 14 days.
The trend suggests an initial spike in interest following the airdrop, leading to a temporary price surge. However, not all airdrops follow this pattern. Some, like Solana aggregator Jupiter, experienced a decline immediately after the airdrop, indicating a quick sell-off by recipients.
The other 27 tokens analyzed in the report reached their peak values beyond the two-week mark, with some taking as long as 581 days. Long-term market conditions and project developments can also play an important role in the valuation of airdropped tokens.
Going over market conditions, the report identified that 19 of the 50 tokens airdropped hit their all-time highs during the 2021 bull market, with some tokens like Uniswap showing returns significantly higher than their short-term peaks.
2022 was notable for NFT-related airdrops, with tokens such as ApeCoin and LooksRare achieving new highs despite an overall bearish market, showing the varied impact of market trends on different types of tokens.
Looking ahead, the approval of spot Bitcoin ETFs in the US has contributed to a bullish sentiment in 2023 and 2024. Airdrops during this period show a mixed pattern, with some tokens peaking shortly after distribution and others benefiting from a more extended holding period, indicating a shift in market dynamics that may influence future airdrop strategies.
Share this article
URL Copied
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
Experts predict an altcoin season led by Ethereum due to market cycles, the Dencun upgrade, and the potential for a spot ETF, signaling a shift from Bitcoin dominance. The post This Is When The Real Altcoin Season Will Begin appeared first on BeInCrypto…
Experts predict an altcoin season led by Ethereum due to market cycles, the Dencun upgrade, and the potential for a spot ETF, signaling a shift from Bitcoin dominance.
The post This Is When The Real Altcoin Season Will Begin appeared first on BeInCrypto… Read More
