It's been 3.5 months since the Bitcoin Halving. BTC has mostly stayed between 60k-72k, with increased dominance impacting Altcoins. If history repeats, we could see a major Bitcoin move in the next 3-4 months.
Currently, Bitcoin looks solid at 64k support, aligning with August Open & EMA50 Daily. Low volume on recent red candles indicates bullish action.
Scenarios:
Steady rise to 73k Tap 60k support, then hit 73k I'm favoring Scenario 1. Took a long at 64.4k, will add more around 61k. Invalid if daily close below 60k.
2 cryptocurrencies to reach $50 billion market cap in August 2024. TheseĀ cryptocurrenciesĀ have demonstrated resilience and a potential for rapid appreciation, positioning them for a possible market cap surge to $50 billion.
XRP (XRP)
Currently priced at $0.5964 with a market cap of $33.39 billion, XRP has been consolidating around the $0.64 resistance level.Ā This legal resolution could propel XRPās price upward, as seen earlier in July when XRP surged from $0.40 to $0.6387.
Although the price briefly retraced to $0.54, it has shown a robust 27% increase over one month, reflecting strong investor optimism.
Institutional interest is also growing, further boosting its bullish outlook. Additionally, data from Santiment highlights a surge in new wallet creations and heightened network activity, with 1,721 new wallets created in a single day and 47,363 individual addresses interacting on the network.
This increased participation underscores the growing interest in the XRP ecosystem. To reach a $50 billion market cap, XRP would need to increase by approximately 49.7%.
Dogecoin (DOGE)
Priced at $0.1324 with a market cap of $19.31 billion, Dogecoin has seen a notable 6% weekly gain.
Recent data from Whale Alert reveals significant movements of DOGE tokens, valued at over $61 million, suggesting that major investors are positioning themselves for potential gains.
On July 20, for instance, 400 million DOGE, valued at approximately $50.33 million, was moved from Robinhood to an unknown wallet.
Analysts are optimistic, projecting that Dogecoinās price could surpass the $1 mark due to its strong community support and increasing acceptance as a payment method.
To reach a $50 billion market cap, Dogecoin would need to increase by approximately 159%.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
2024:With strong community support and market enthusiasm, DOGE could reach $0.15 - $0.25, driven by community activities and potential new partnerships.
2025:Continued adoption and a robust crypto market might push DOGE to $0.30 - $0.45. Increased use cases and payment acceptance could enhance its value.
2026:If momentum sustains, DOGE could see prices between $0.50 - $0.70, fueled by market growth and community engagement.
2027:With consistent performance and possible tech advancements, DOGE may reach $0.75 - $1.00, marking a significant milestone.
2028:Mainstream adoption and positive sentiment might drive DOGE to $1.10 - $1.50. More businesses accepting DOGE could contribute to this growth.
2029:Strong community support and endorsements from influential figures could push DOGE to $1.60 - $2.00.
2030:By the end of the decade, if all factors align positively, DOGE might soar to $2.50 - $3.00, establishing itself as a major player in the cryptocurrency market.
Conclusion: While speculative and subject to market fluctuations, Dogecoin's strong community, celebrity endorsements, and increasing use cases provide a solid foundation for potential growth.
Stay tuned to market trends and enjoy the journey to the moon! šš
Russia Embraces Crypto for Global Transactions! š
In a groundbreaking move, the Russian parliament has passed regulations allowing the use of digital currencies for international payments. šš° This marks a significant shift in Russia's stance on digital assets and their potential in global finance. š The new law, set to be enacted soon, aims to boost international trade and mitigate the impact of Western sanctions. š”ļøšø By incorporating digital currencies, Russia plans to establish a more efficient and streamlined system for cross-border transactions. š³š This development highlights the growing acceptance of cryptocurrencies as a viable alternative to traditional payment systems. ššŖ Will other countries follow Russia's lead? š¤š Stay tuned for more updates on this pivotal change! šš¢ #altcoins #BinanceTurns7 #cryptonews #russiacrypto #memecoins $BTC $ETH
P2P operators, stay alert for a widespread scam targeting our community. Scammers are stealing USDT from AMP vendors, falsely claiming transactions are fraudulent, and demanding specific documents. They then try to scam further by asking for more funds or sensitive info.
ā ļø Warning Signs: šø Claims of fraudulent transactions demanding documents or funds šø Requests for information or funds ā always verify authenticity šø Never share personal info or send funds to unverified individuals Stay cautious and protect your assets from these scams!
Hackers Stupendous and Bruno recuperated $3 million in Bitcoin from a 11-year-old locked wallet. In 2013, "Michael" put away 43.6 Bitcoin yet lost the secret phrase because of a defiled record. Specialists had proclaimed it unrecoverable. Notwithstanding, the programmers figured out the RoboForm secret key program Michael utilized, broke the secret word last November, and recovered 30 Bitcoin now worth more than $2 million. #hackers #bitcoin #bitcoinnews #BitcoinTradingVolume
However, before investing in any meme coins, it's crucial to conduct individual research and understand the associated risks. This article should not be considered financial advice.āļø
Hang on close, merchants! DOGE is as of now exchanging at $0.13751, denoting a 4.63% flood that is sending hearts dashing like a rollercoaster on adrenaline! š
We should plunge into the examination and check whether this roller coaster will continue to climb or hit a descending winding. $DOGE is as of now in an exchanging range š, making it a blissful second for range-bound dealers!
Keep in mind, persistence is vital to try not to get found out in a plunge... or then again you'll yell 'Mayday!' šļøļøļø
Attach your safety belts and get ready for the wild ride with DOGE! It's a rollercoaster of energy and vulnerability. Will you cheer with rush or nervousness? One thing's for sure - each second with DOGE is an undertaking! š¢ļø$$ #dogecoin #memecoins #pepecoin #bonkcoin