Hold on tight to this gem because it has the potential to go to 500$ if it does what solana did.
Keep in mind that $INJ is supported by Binance and Mark Cuban! This blockchain has the fastest TP per second and the lowest transaction fees! It could be the next ETH!
Bitcoin bulls chase after $50K, opening the door for IMX, KAS, TIA an STX to rally higher
Bitcoin’s strength has improved crypto sentiment, pulling altcoins like $IMX , KAS, $TIA and STX higher.
Bitcoin’s rally has reached the stiff overhead resistance at $48,970, which is likely to witness a tough battle between the bulls and the bears.
The upsloping 20-day exponential moving average ($44,164) and the relative strength index (RSI) in the overbought zone indicate that the path of least resistance is to the upside. If bulls drive the price above $48,970, the BTC/USDT pair may accelerate toward $52,000. If this level is surmounted, the rally could reach $60,000.
Conversely, if the price turns down sharply from the current level, it will indicate a possible consolidation between $44,700 and $48,970 for a few days. The short-term trend will weaken on a break below the 20-day EMA.
Assuming this halving plays out like previous ones, we should get awfully close to the coveted $100,000 price tag. However, we must account for another variable: Bitcoin's existing supply levels.
While around 19.6 million bitcoins are technically in circulation today, only 2.3 million are readily available for purchase on exchanges. This is the lowest level seen since early 2018. More importantly, such low levels mean that the upcoming halving will be the first time in Bitcoin's history that there are fewer coins on the market than during the previous halving.
For all of Bitcoin's history, the total supply on exchanges grew, even as halvings passed. But that changed in 2020 when an apparent decline formed. The explanation for this is multifaceted, but the most concise one is that demand has finally started to outpace supply.
Now, the digital coin's historically low supply will come under even greater pressure with a halving on the horizon. While the halving holds the potential to push it close to $100,000, the added impact of a supply shortage will likely prove to be extra fuel it needs to reach six figures.
Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip - blockchain and crypto is the fourth.
Injective is one of those projects that is totally gonna do amazing things in the bullmarket.
It has already shown resistance to when Bitcoin drops and has kept an upward trend from 2023.
It has a massive ecosystem and their userbase is constantly growing.
Everybody is waiting for it to drop to previous levels but the truth is that it is only going to go up from here.
Imagine this, a total supply of 100 million sitting at a price of 35,22$ at the moment of writing, while Solana has a circulating supply of 436.98 million and a price of 106,64$.
Let’s do a little math, Solana has a total market cap of 60 billion while #Injective🔥 has 3,52 billion. If Injective reached half the market cap of Solana, then the price for only one coin would be 300$. Let that sink in.
Spot Bitcoin ETFs record notable volume on day 1 — BTC price nearly hits $49K
Markets react positively to the first trading day for spot BTC ETFs, with Bitcoin rallying close to $49,000 and ETH hitting a 12-month high.
After eagerly waiting for nearly 10 years, traders finally saw the first-ever spot Bitcoin ETF approved by the United States Securities and Exchange Commission on Jan. 10 and ETF trading began at the opening bell on less than 24-hours later.
BlackRock's iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Trust (GBTC), Valkyrie Bitcoin Fund (BRRR), Bitwise (BITB) and ARK 21Shares Bitcoin ETF, among others, have begun trading. $BTC #BTC
Jan 10 (Reuters) - The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale, Bitwise and Hashdex, according to a statement on Wednesday.
The approval would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals. #BTC #etf $BTC