šØ UPDATE: Institutional OTC Crypto Trading Volumes Soar by 106% in 2024!
Institutional over-the-counter (OTC) cryptocurrency trading volumes saw a massive 106% increase in 2024, according to Finery Markets.
š Key Drivers of this Growth: 1ļøā£ Trumpās victory in the U.S. presidential election, sparking market optimism. 2ļøā£ Surging interest in spot crypto ETFs, which gained traction in the United States.
š Why It Matters: - OTC trading reflects institutional confidence in crypto. - This growth signals that institutions are increasingly viewing digital assets as a mainstream investment option.
š” Are institutions driving the next wave of crypto adoption? Share your thoughts!
Bitcoin ($300,000) Bright Outlook: The Stock-to-Flow Model
The Stock-to-Flow (S2F) model has always been a valuable compass for Bitcoin price predictions, and the latest analysis suggests an exciting outlook for the current cycle. According to the model, Bitcoin could reach an impressive value of $300,000 by the end of this cycle. š What is the S2F Model? The S2F model, developed by the analyst known by the pseudonym "PlanB", uses the scarcity of assets to predict their price. It compares the stock (the total amount in circulation) to the flow (the new supply produced each year) to estimate the future value of an asset. For Bitcoin, this model has historically offered remarkably accurate predictions. š Why $300,000? The S2F model adjusts its forecasts based on Bitcoin halvings, events that halve the mining reward and increase the scarcity of the asset. The modelās estimates indicate that the price of Bitcoin could rise significantly, potentially reaching $300,000 in this cycle. š” Implications for Investors If these predictions come to fruition, it could transform the perception of Bitcoin not only as a store of value, but also as a major investment opportunity. Investors and businesses should closely monitor these developments to optimize their financial and investment strategies. š What do you think? I would love to hear your thoughts on the S2F model and its forecasts. Do you believe Bitcoin will reach this value? How might this impact your investment strategies?
š Notcoin (NOT): The New Rising Star of Meme Coins!
Dear friends of the cryptosphere,
Today I want to talk to you about a project that has recently caused a stir: Notcoin ($NOT ). This token, linked to the Telegram messaging platform, has experienced a meteoric rise, even surpassing well-established meme coins in terms of onchain holders.
š Notcoin Key Facts: Skyrocketing Price: The price of Notcoin has soared over 350% in one week, reaching a new all-time high of $0.0294. Its market capitalization has exploded to exceed $2.5 billion.
Onchain Holders: Notcoin currently has over 1.6 million holders, surpassing projects such as Shiba Inu, Bonk, and Pepe.
Price Forecast: Analysts are forecasting further gains, with some even seeing a potential rise to $0.1.
š Why Notcoin Stands Out: Integration with Telegram: Notcoin takes advantage of Telegramās large user base, giving it a huge advantage.
Play-to-Earn Mechanic: Earning NOTs by playing games and completing missions increases user engagement.
Airdrop Successful: A recent airdrop, coupled with the introduction of āearning missionsā, has generated great interest.
š Notcoin Whales and Market Fever: Onchain data reveals significant whale activity, with some making huge profits from rising NOT.
This frenzy, fueled by the āplay-to-earnā trend and the success of Telegram mini-applications, propels the price of NOT even higher.
š Towards 1 Dollar?
If excitement around Notcoin continues to grow, price discovery could reach $0.1 and eventually $1. In summary, Notcoin is positioning itself as a potential leader in the meme coin space. Stay tuned for this rising star! š #Notcoin#Cryptocurrency #Notcoinšš„
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Bitcoin forecast per day. Date......Day.....Low....High....Price 28.05 .....Tuesday..ā¬57,857...ā¬66,567...ā¬62,212 29.05...Wednesday..ā¬58,518..ā¬67,328..ā¬62,923 30.05.....Thursday...ā¬59,216..ā¬68,130...ā¬63,673 31.05....Friday..58218..66982ā¬..62600⬠we could see a BTC at 70,000 Euros as early as next weeks
The causes of the decline in ETH include an increase in liquidations in the cryptographic derivatives market, a reduction in the volume and total locked value (TVL) on the Ethereum network, and a notable increase in ETHās supply on exchanges due to the activities of large investors, or « whalesĀ Ā». #Memecoins
ETH is currently forming a growing triangle model over the weekly period. It seems to encounter resistance at a horizontal level.
The gold crossing has already taken place, indicating a potential upward trend. The Ichimoku cloud also suggests a bullish perspective.
However, it should be noted that the RSI has recently faced the rejection of the overbourd region and has formed a hidden bearish divergence.
A decisive break above the triangle would confirm the bullish sentiment, but until then, there remains a possibility of a new test of the support of the trend line within the triangle. #BullorBear
Page X of the Notcoin project would have been hacked.
Notcoin, the recently publicized project, is a game project on the TON ecosystem using Telegram as a platform, offers users a simple game to « mine » virtual coins potentially convertible into tokens. #Alert
š¬ Bitcoin could reach a new historical record this year thanks to the « FOMO RallyĀ Ā» of Bitcoin ETFs according to Bernstein.
« We think that the best days of bitcoin are coming, and that the bitcoin market based on ETFs is ready for what we expect to be a FOMO rally. »
In a note to their customers, Bernstein analysts, whose assets amount to $725 billion, are optimistic that the price of Bitcoin will reach new highs later this year.
Between the increase in demand and the expected reduction in supply, analysts say that investors could soon seek to invest in bitcoin by FOMO, or « fear of missing » potentially lucrative gains.