Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals – TradingView

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A quant has explained how there appears to be a relationship between Coinbases spot volume dominance vs. Binances and the Bitcoin price.

Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes

In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance.

The quant shared a chart below that shows how this war for dominance has played out over the past decade.

As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase.

The analyst notes that the difference between the two would be even higher when considering the BTC-FDUSD pair, which isnt included in the data depicted in the above chart.

Despite the much lower spot volume, Coinbase still hasnt been irrelevant in the market. For example, the platform is the custodian for Bitcoin spot exchange-traded funds (ETFs) like BlackRocks IBIT and Grayscales GBTC.

There also appears to be an interesting pattern between the dominance of the American exchange and the Bitcoin spot price. The quant has highlighted this trend in the graph.

There have been a few instances where a rise in the spot trading volume of Coinbase against Binance has preceded surges in the value of cryptocurrency. Similarly, declines in the platforms dominance have seemingly led to drawdowns in the Bitcoin price.

The analyst has also discussed the trend in the volumes of the two exchanges more closely, using the spot volume ratio for them, as shown below.

The chart shows that the spot volume ratio between Binance and Coinbase had spiked to very high levels in 2023, with the formers volume being 53 times the latters. The reason behind this was the zero-fee scheme that Binance had introduced for the Bitcoin trading pairs.

However, Coinbases volume has recently risen, although the ratio remains notably in favor of Binance. This shift in the market emerged as the Bitcoin spot ETF-related news started to intensify.

The quant concludes:

The dynamics between these exchanges are complex, but the graphs show that each exchanges dominance at specific times has a direct impact on the price of Bitcoin. Its a true battle between the markets biggest players, where competition is constant, and the outcome is reflected in cryptocurrency movements.

BTC Price

At the time of writing, Bitcoin is trading at around $61,800, down 3% over the past week.

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Bitcoin Price Linked To Binance Vs Coinbase Battle, Quant Reveals - TradingView

Crypto customer scammed in alleged HK$1 million hell money scheme in Hong Kong – South China Morning Post

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Hong Kong police have arrested three workers at a currency exchange shop after a customer was allegedly shown stacks of hell money before transferring about HK$1 million worth of cryptocurrency.

The forces technology crime division on Wednesday arrested three men, aged between 31 and 34, on suspicion of obtaining property by deception and confiscated 3,000 hell banknotes, a safe and a note counting machine at a shop in Tsim Sha Tsui.

Hell banknotes are a form of ceremonial paper money that is burned as an offering to ancestors or deities in traditional Chinese culture.

Police said they received a report from a man, 35, on April 12, claiming he had been unable to retrieve cash after selling about HK$1 million worth of the digital currency Tether, or USDT, at a shop in Tsim Sha Tsui that day.

An investigation subsequently found that the suspects allegedly showed the victim stacks of hell banknotes with a face value of HK$500 and persuaded him to transfer about HK$1 million worth of USDT to a cryptocurrency wallet provided by them.

After receiving the virtual currency, the suspects made multiple excuses, declined to hand over cash as agreed and abruptly left the scene.

A person convicted of fraud under Hong Kong law is liable to up to 14 years imprisonment, while someone charged with obtaining property by deception faces up to 10 years behind bars.

The force urged residents to choose reputable cryptocurrency exchange shops when conducting transactions and to carefully inspect banknotes for security features.

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Crypto customer scammed in alleged HK$1 million hell money scheme in Hong Kong - South China Morning Post

Top Travel Platforms Accepting Cryptocurrency for Your Crypto-Fueled Vacation – 88355 – Luxury Travel Magazine

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As the intersection of digital finance and lifestyle trends continues to grow, the concept of "crypto-fueled vacations" is gaining traction among travelers who prefer to utilize their cryptocurrency holdings for transactions. Here we want to review some of the top travel platforms that accept cryptocurrency, offering insights on how to seamlessly integrate digital currencies into your travel planning.

Founded with a vision to bridge the gap between travel and blockchain technology, Travala stands out as a pioneer in the crypto travel space. This platform allows travelers to book flights, hotels, and experiences using various cryptocurrencies, including Bitcoin, Ethereum, and their native AVA token. What makes Travala particularly appealing is its user-friendly interface and partnerships with major travel service providers, which ensure a wide selection of travel options.

CheapAir was one of the first online travel agencies to accept Bitcoin payments back in 2013. Since then, it has expanded its cryptocurrency acceptance to include Bitcoin Cash, Ethereum, and Litecoin. CheapAir provides a comprehensive booking experience, allowing crypto-savvy travelers to pay for flights, hotels, and car rentals across a global network.

Through a partnership with Travala, Expedia also entered the crypto space, albeit indirectly. Expedia Partner Solutions leverages the Travala platform to provide crypto-payment facilities for booking hotels. This collaboration enables users of Travala to access Expedia's extensive inventory, combining convenience with cutting-edge payment technology.

Destinia is another notable travel booking platform that caters to the cryptocurrency community. It accepts Bitcoin and other digital currencies as payment for a wide range of services, including flights, hotels, and car rentals. Based in Spain, Destinia is known for its innovative approach to travel, offering competitive prices and a flexible payment portal.

Focusing exclusively on cryptocurrency transactions, Bitcoin.travel is a travel agency that allows tourists to book their trips using Bitcoin. The platform is straightforward, providing links directly to the service providers for booking flights, hotels, and car rentals. While it operates on a smaller scale compared to giants like Travala or Expedia, Bitcoin.travel is highly valued within the crypto community for its commitment to blockchain technology.

To make the most of these platforms, travelers need to understand the dynamics of cryptocurrency in the context of travel. The volatility of digital currencies can affect pricing and planning. Therefore, it's advisable to monitor the market and make bookings when the value is stable. Additionally, consider the security aspects of transactions, ensuring that all payments are made through secure, encrypted channels.

For those who need to convert cryptocurrency into fiat or other digital currencies while traveling, platforms like the Ka.App provide a reliable solution. The Ka.App allows users to convert their crypto holdings easily, supporting a range of cryptocurrencies. This can be particularly useful for travelers who might need to switch between different forms of digital currency to use specific travel services that accept only certain types of coins.

When planning a vacation using cryptocurrency, the reliability of the service provider is paramount. Travelers should ensure that the platforms they use not only accept their preferred crypto but also provide secure and transparent transactions. Websites like Trustpilot and similar consumer review platforms can be excellent resources to check the credibility and customer service quality of these travel agencies.

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Top Travel Platforms Accepting Cryptocurrency for Your Crypto-Fueled Vacation - 88355 - Luxury Travel Magazine

Cryptocurrency Warning: Avoid These 3 Failing Names – InvestorPlace

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Following the fourth Bitcoin (BTC-USD) halving on Apr. 19, we arent seeing the explosive growth promised by many experts in the field, which is why investors are now looking for cryptos to avoid rather than buy.

Experts agree that Bitcoins halving will raise prices. The slower number of new coins entering circulation after previous halvings caused Bitcoin prices to rise significantly higher.

SkyBridge Capital founder Anthony Scaramucci predicts Bitcoin might reach $200,000 within a year following the split. Ark Invests Cathie Wood is even more bullish. She believes Bitcoin may reach $1 million and alter wealth management. So does Jack Dorsey, CEO of Square (NYSE:SQ).

Yet Bitcoin might not be alone. Although it is a store of value, Ethereum (ETH-USD) might rise in value because it boasts upgrades such as Dencun, which introduces proto-danksharding with EIP-4844. According to Ethereum, it is a way for rollups to add cheaper data to blocks.

No such luck when it comes to the cryptos to avoid we will explore. The first name is in a legal battle with a key U.S. regulator, which could affect the sector. The second is the largest exchange but is in legal trouble in many countries. Well conclude with a meme coin to profit from.

Source: Shutterstock

Ripple (XRP-USD) makes it easier to exchange cash and digital currencies. It is targeting a total addressable market projected to grow at 7.3% annually between 2023 and 2032 and eventually reach $356.5 trillion, according to Allied Market Research.

However, despite its potential, a long-burning issue investors need to take into account when dealing with XRP is the case between the Securities and Exchange Commission (SEC) and Ripple Labs.

Last year saw a big development when Judge Analisa Torres ruled that Ripple did not break securities laws when it sold XRP to exchanges and let regular people invest, but did break the law when it sold tokens directly to institutions. As it was a partial win, Ripple gained 96% after the decision. Unfortunately, those wins were lost on Dec. 20 as Solana (SOL-USD) passed XRP to become the fifth-largest cryptocurrency on the crypto market.

Whats more, as a part of the final decision in the SEC case, Ripple can potentially suffer a $1.95 billion fine. That could result in a drop from its current price of $0.5051, which is up a modest 18% in 2024.

Stuart Alderoty, Ripples top legal officer, says the issue could be resolved in 2024, making it one of the cryptos to avoid right now.

Source: Shutterstock

Over 170 million people use Binance (BNB-USD), the biggest cryptocurrency exchange in the world. However, its legal issues, especially in the U.S., put pressure on BNB, the cryptocurrency coin used to trade and pay fees on the exchange.

As part of its deal with the Justice Dept., Binance left the U.S. market and paid off big debts to FinCEN, OFAC, and foreign asset tracking agencies.

So far, Binance is also unable to reenter the U.K. market due to regulatory issues. Meanwhile, a Binance executive arrested in Nigeria is now on trial after reports of involvement in major crimes.

In Canada, Binance has been fined many times for breaking anti-money laundering and Combating the Financing of Terrorism rules. This includes a $4.4 million fine for helping with many big acquisitions without being registered.

However, Binance is still coming up with new ideas in the coin area. Binance Wallet has recently started to accept Bitcoin Atomic ARC-20 assets, which will make it easier to do NFT deals.

Nevertheless, the court battles, especially in the U.S., will continue to dampen BNBs outlook.

Source: Shutterstock

Shiba Inu (SHIB-USD) finishes off our discussion on cryptos to avoid, and it might seem strange, considering, the 166% gain this year. But this is one of the biggest meme coins around, which means its time to take profits.

The meme coin is mostly appealing because of its community and the possibility of future gains. It doesnt have a strong use case or value outside of the speculative market, which sometimes will rally for the odd Elon Musk tweet. For risk-averse investors, its better to invest in Ethereum and Solana instead.

Ethereum has integrated proto-dank sharding with EIP-4844 to Dencun. Less data to analyze and regular memory deletion to clear up space make transactions more efficient. The network should eventually handle 100,000 transactions per second. Meanwhile, the Scourge phase addresses Ethereum network control and economic inequality. MEV (Maximal Extractable Value) Burn in ePBS and Proposer-Builder Separation decentralizes transaction addition and reduces validators influence on transaction selection.

Solana has been enhancing its infrastructure to streamline transactions and stabilize the network. Firedancer, a new validation client, should speed up network transactions. Tests showed it could handle 0.6 million to 1 million transactions per second.

SHIB did power the CoinDesk 20 index to major gains this year. However, investors might want to wait for a tweet from Elon Musk about his next Shiba Inu puppy for the next bump in price, and thats something no one can predict.

On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.

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Cryptocurrency: Top Meme Coin Gainers to Continue Rallying in May – Watcher Guru

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The cryptocurrency realm houses diverse memes, coins, and tokens ready to be explored by the masses. Half of such tokens have been launched in Jest, but they have managed to outpace their leading crypto contemporaries. Such tokens have encapsulated the worlds attention with heavy user momentum and flow.

These tokens have been performing exceptionally well recently and are capable of delivering stellar returns to their holders. Here are the three top gainers in the meme token arena that are set to rally 200% in May.

Also Read: Cryptocurrency: 3 Coins That May Spike By 200% This Month

Floki Inu, a leading meme token, has recently rallied to a record high. Per CoinMarketcap, Floki Inu has gained 10% in the last 24 hours, trading at $0.00019 at press time. The portal shares that the token was launched by Shiba Inu and Dogecoin enthusiasts, loosely inspired by the Shiba Inu ecosystem. Since its inception, the token has struck deals with leading crypto giants, including Chainlink, TradedJoe, and ApeSwap.

Per CoinCodex, Floki Inu may continue to gain momentum by riding in the current bull wave. The platform shares that the FLOKI may spike by 230% by the end of May to trade at $0.000642.

According toour current Floki Inu price prediction, the price of Floki Inu is predicted to rise by 232.05% and reach $0.000642 by June 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Floki Inu recorded 16/30 (53%) green days with 10.29% price volatility over the last 30 days.

Pepe took the cryptocurrency world by storm last night, surging nearly 96%. Based on the viral green frog meme on the internet, Pepe continues to deliver lucrative returns to its holders. The token currently sits at $0.0000104, up 90% in the last month.

Per CoinCodex, Pepe is also set to undergo a massive price surge, helping the token breach new price milestones. The token has already dropped a zero from its price and will continue to ascend to new highs to establish its dominance in the space.

Also Read: BRICS Ditches US Dollar, Settles $4 Billion Trade in Local Currencies.

According toour current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 229.55% and reach $0.00003297 by June 13, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 66 (greed). Pepe Coin recorded 20/30 (67%) green days with 18.34% price volatility over the last 30 days.

A dog-based meme token launched on Solana, DogWifHat, or WIF has come a long way since its launch. The token touched a $3 mark in March, after which it fell to trade around $2.50$2.90 price levels. At press time, the token has reclaimed its $3 mark, showing the world how robust the coin truly is.

Per CoinCodex, DogWifHat may spike nearly 200% to trade at a new all-time high price pedestal of $10.

Also Read: Currency: What To Expect From The US Dollar Today

According toour current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 230.04% and reach $10.26 by June 13, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed). Dogwifhat recorded 16/30 (53%) green days with 8.78% price volatility over the last 30 days.

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Cryptocurrency: Top Meme Coin Gainers to Continue Rallying in May - Watcher Guru

Cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Dogecoin, BNB – NewsBytes

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What's the story

Bitcoin has lost 1.19% in the last 24 hours, trading at $61,897.42. It is down 1.15% from last week. The second most popular token, Ethereum, has dropped 1.21% from yesterday and is trading at $2,906.85. From previous week, it is down 3.92%. The market capitalization of Bitcoin and Ethereum stands at $1,219 billion and $348.73 billion, respectively.

BNB is trading at $570.26, which is 3.46% down from yesterday and a 2.47% fall since last week. XRP's price today is $0.55 after falling down 1.30% in the last 24 hours. Compared to last week, it is 4.08% down. Cardano and Dogecoin are trading at $0.44 (down 2.09%) and $0.11 (down 3.73%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $144.15 (down 2.94%), $6.48 (down 2.41%), $0.000022 (down 3.01%), and $0.66 (down 2.1%), respectively. Looking at the weekly chart, Solana has fallen 2.09% while Polka Dot is down 8.09%. Shiba Inu has gained 0.11% of its value in the last seven days whereas Polygon has declined 5.41%.

Looking at the 24 hourly movement, the top five gainers are Lido DAO, TRON, Chiliz, THORChain, and Ethena. They are trading at $1.96 (up 2.30%), $0.11 (up 2.14%), $0.11 (up 1.98%), $5.45 (up 1.75%), and $0.88 (up 1.73%), respectively.

The biggest losers of the day are dogwifhat, Helium, Akash Network, JasmyCoin, and Jupiter. They are trading at $2.91 (down 10.83%), $4.84 (down 9.70%), $4.43 (down 7.99%), $0.011 (down 6.36%), and $1.08 (down 6.20%), respectively.

DeFi, short for decentralized finance, is an umbrella term for global, peer-to-peer financial services on public blockchains. Some of the prominent DeFi tokens are Avalanche, Chainlink, Internet Computer, Dai, and Uniswap. They are trading at $32.18 (down 1.13%), $12.88 (down 4.59%), $11.99 (up 0.51%), $0.99 (up 0.02%), and $6.86 (down 1.82%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility, meaning they cannot be exchanged for one another like other tokens. Internet Computer, Render, Immutable, Stacks, and Theta Network are some of the popular NFT tokens. They are currently trading at $12.01 (up 0.86%), $10.15 (down 8.74%), $2.03 (down 6.38%), $1.91 (down 5.45%), and $1.94 (down 2.71%), respectively.

The current global crypto market cap is $2.24 trillion, a 2.28% increase over the last day. The total crypto market volume over the last 24 hours is $75.44 billion, which marks a 3.6% increase. Last month, the global crypto market cap was $2.39 trillion, compared to $1.94 trillion three months ago.

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6 Altcoins To Consider Buying For The Next Bull Run In 2024 – Forbes

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A bull run is defined as a period where the majority of investors demand outweighs supply, market confidence hits a peak and prices rise. If in a given market you witness prices quickly climbing, it could be a sign that the majority of investors are becoming bullish and are optimistic about the price increasing further and may mean that youre looking at the starting point of a bull market. Bitcoin Halving appears to be fueling the next bull run to happen in 2024.

Investing in the best altcoins can be rewarding as they offer diversification and potentially higher returns. However, it is important to approach the altcoin landscape with caution and do a thorough research. Understanding the development team, technology, community and use case of altcoins are vital factors for making informed decisions.

Additionally, it is essential to be updated on market trends and regulatory changes for navigating the ever-evolving cryptocurrency landscape. By evaluating these key factors, investors can make strategic decisions when considering altcoin investments. Let us see some altcoins to consider buying for the next bull run in 2024.

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Market cap: $352.50 billion

Ethereum is one of the biggest altcoins on the crypto market. Of the almost $2.16 trillion that portrays the total market capitalization of the 20,000-plus crypto assets, more than 17% is held in ETH. It is a distributed computing network where users can use the blockchain to run dApps and host smart contracts.

Ethereum critics point to high fees for running transactions. However, ETH is here to stay with thousands of apps and other altcoins powered by its blockchain.

Market cap: $59.55 billion

Solana gained popularity among crypto investors helped by its lightning-fast transaction speeds along with low fees. It is a blockchain platform that is highly focused on overcoming the challenges of speed and scalability faced by many existing blockchains.

On March 4, 2024, it surged by approximately 7% in 24 hours, surpassing the BNB coin and securing a higher rank among the top five cryptocurrencies. Solana has jumped nearly 16.60% in the last seven days.

On May 2, 2024, it surged by approximately 10.12% in 24 hours, but BNB coin surpassed and secured a higher rank among the top five cryptocurrencies due to Solana being down by 8.85% in the last seven days.

The surge in SOL brought the digital asset to its highest point in two years, reaching levels last observed in April 2022 which was three months after the culmination of the bull cycle in 2021.However, it dropped slightly and landed on the fifth slot, with BNB regaining dominance shortly after on March 4.

Market cap: $0.1294

Dogecoin is a dog-inspired crypto and the original meme token. True to its fame, it has been one of the most highly volatile yet rewarding investments. As of May 2, 2024, DOGE is up by 4.56% in the last 24 hours and is trading at $0.1295.

Over the years, this meme coin has been criticized for offering a small-scale real-world utility, a centralized holder base, and an unlimited supply. However, it is tricky to debate these criticisms; DOGE has gained ground in network usage over the past year, as it has been up by around 65.35%. On top of that, its tough to deny the gigantic community support with the support of industry-notable celebrities such as Elon Musk. I think this crypto is here to stay for a very long time.

Market cap: $8.94 billion

Cosmos (ATOM-USD) is in charge of solving some slow transactions and high-cost problems. It emerged with Tendermint (software) to create an interconnected network of blockchains. ATOMa native token of Cosmos, is a decentralized network that provides developers with open-source tools to create their own interoperable blockchains. Cosmos is working to become the internet for blockchain.

The Cosmos ecosystem permits blockchains to willingly share tokens and data across all the blockchains in the system. One of its essential roles is to secure the Cosmos Hub and regulate the network of the ATOM tokens obtained via a proof-of-stake algorithm.

A recent report by the Cosmos blog focuses on the steadiness of Inter-Blockchain Communication (IBC) volume and close connections that assure high diversity in tokens and, in turn, higher liquidity. The interchain ecosystem is an area where blockchains act as joined blocks that communicate via the IBC protocol, where developers can run their rare chains as different blocks with different practicality.

Market cap: $2.53 billion

Kaspa cryptocurrency was launched in the year 2021 with its implementation of the GHOSTDAG protocol, working on blockDAG for fast confirmation and high block rates. The Kaspa community projects it as a cryptocurrency that unfolds the blockchain trilemma which will stabilize security, speed and scalability. In the year 2023, this project encountered transformational developments including the switch to state-of-the-art ASIC miners.

In addition, Kaspa had planned listings on exchanges and launched ideas like the Kaspium mobile wallet and Wrapped Kaspa. It has very aspiring plans for the time ahead including sophisticated smart contract functionalities, Rusy Kaspa Testnet 11 public and exceeding ten blocks per second.

Market cap: $3.92 billion

Stellar (XL,-USD) is a decentralized, public blockchain that presents developers with tools to create experiences that are more likely cash than crypto. It can be a great altcoin to add to your investment portfolio in this bull run given its accountability for peer-to-peer connecting the worlds financial system.

The biggest aim of Stellar is to make money move easily and fast. The network is cheaper, faster and more energy-efficient than most systems based on blockchain. Lumens behave as mediators for transactions and keep a smooth running system. Its strength is its security. With XLM holders holding the keys, it makes the network more secure for transactions.

Stellar has lately launched some very amazing features such as Soroban and spread Lumens into positive projects through its Community Fund. Additionally, through the compassionate side of the project via Stellar Aid Assist, it has already helped those in need by sending over $2 million to them.

Note: The market capitalization is taken from CoinMarketCap as of May 2, 2024.

Market Demand: Altcoins are initially driven by market demands. Investors are more likely to invest in altcoins that have a higher growth potential. Factors that contribute to the market demand for altcoin are consumer sentiments, market trends and investors confidence.

Regulatory Policy: The regulatory policies that can play a very important role in the development and growth of altcoins. Regulatory bodies or governments can impose restrictions on the usage of cryptocurrency, which definitely affects the demand for it.

Technology: The primary or basic technology behind an altcoin is also a factor that affects its growth and development. Altcoins that have unique features or innovative technology are more likely to gain popularity among others.

Competition: Competition is huge in the world of the cryptocurrency market and it can also affect the growth and development of altcoins. Altcoins offering similar features might struggle to gain market share.

Economic Conditions: It is another factor that can affect the altcoins growth and development. For instance, in times of economic uncertainty, investors are more likely to invest in altcoins as an economic instability or hedge against inflation.

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Support strategies by avoiding decisions made with emotions involved and create an effective investment plan that involves target prices for entry and exit. You must stay abreast of market events and news but also limit your social media consumption which many times encourages greedy behavior. Let us see altcoin investment strategies for the next bull run.

Risk management is the initial step every trader needs to think and learn while strategizing their investment plans, but it is the step that is generally overlooked until its very late. Investors need to manage risk productively by calculating how much is affordable to risk on an all-inclusive investment and then stick to it by using a stop-loss order to limit losses when the market is not in your favor.

As we are aware that the crypto market is highly unpredictable and volatile. It is highly recommended to steer clear of the temptation to spring into buying on the very first sign of a rally with all your savings. Carefully evaluate how much youre willing to invest in other cryptocurrencies like Bitcoin and Ethereum and also in altcoins.

While investing in altcoins, you may benefit by considering industries that have high potential and divide your portfolio between them. For example, 30% to Real World Assets, 20% to AI, 10% to Layer-2s etc. Then consider rupee-cost averaging into your position in order to benefit from any dips.

One of the major errors in investing is not being aware of when to take profits. This is accurate, especially for crypto, where the market is highly volatile and driven by social media, overnight sensations, emotion and greed. As prices increase, set realistic targets for gaining profits and cling to them. A well-disciplined approach to profit targets can protect you from unexpected market downturns.

If you have no clue where you want to exit, then scaling out is the best strategy by using rupee-cost averaging to sell. For example, sell 25% altcoin at price points 1 and 2 each, etc. This will help assure you take profits while still benefiting from further upside.

Many investors look to altcoin for higher risk-reward assets while considering BTC and ETH as blue-chip cryptocurrencies. Given the high risk of altcoins, investors should consider restricting them to a mini portion of their portfolio. The reward opportunity is higher. So, investors still have the potential for fair gains without over-granting and exposing them to excessive downside.

Remember that any gains can be temporary and many altcoins are not fit for long-term buy-and-hold portfolios. The majority of altcoins usually fall out of favor between market cycles and downturns of 95%.

This means its crucial to have a logical exit strategy with your targeted price set before you enter the trade. So, if investors want to consider a portfolio with altcoins then settle it with a mixture of high-cap cryptos and altcoins to ease volatility.

Its a very bad decision to invest based on hype or fear of missing out (FOMO). Cryptocurrency is a unique asset class because every transaction is recorded on a chain for public display. It means you have enough information and tools available to help you make informed decisions, instead of having to shift through the tea leaves like in many other markets.

Below are a few free tools you can use:

Use the above tools to conduct thorough research into a projects fundamentals, market position and team. You can also do this by conducting a strengths, weaknesses, opportunities and threats (SWOT) analysis. Always challenge your thesis and look for reasons why a project will crash, rather than information that confirms your existing bias.

Explore Our Top Cryptocurrency Picks

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6 Altcoins To Consider Buying For The Next Bull Run In 2024 - Forbes

Bitcoin Coinbase Premium: Key to Predicting Cryptocurrency Trends? – West Island Blog

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Delving into the mysterious world of Bitcoin, a prominent analyst has illuminated some fascinating trends and potential predictors nestled within the famed cryptocurrencys movement. Most notable among these is the Bitcoin Coinbase Premium, which, according to said analyst, could well hold the golden key to savvy predictions for where Bitcoin is going next.

Lets start at the beginning: what is this Bitcoin Coinbase Premium? Its essentially a gauge, a tracking system that methodically records the price difference of Bitcoin listed on two high-profile cryptocurrency exchanges, namely Coinbase (measured in USD) and Binance (measured in USDT).

By far, one of the most intriguing aspects of this Premium is its ability to show whether Bitcoins price on Coinbase is higher than it is on Binance. A positive figure, or positive premium, indicates that the cryptocurrency is more popular, and thereby sizzling hot property, on Coinbase than it is on Binance. Demand outstrips supply and buying pressure dominates over selling, pushing the price upward. Conversely, a negative figure, or negative premium, suggests that those in the know are selling off their Bitcoin shares on Coinbase, hence driving the price lower.

Its a rich tapestry of intriguing metrics and trends woven into a cryptic, yet compelling, landscape. Where it becomes even more interesting is when we focus on the behaviors of two specific player pools: US-based institutional entities and more globally distributed users. Both prefer different platforms the former favoring Coinbase, and the latter, Binance, making the Premiums ebb and flow an insightful barometer into their buying and selling tendencies.

The analysts careful exploration into the Bitcoin Coinbase Premium over the past two years paints an even more vivid picture. The line chart distinctly shows a pattern where the buying pressure from these institutional entities reached a peak at the same time as the price ceiling. However, the peak has been steadily declining since, moving closer to the neutral zero line.

But wait, theres more. This investigation has also unearthed a fascinating if not curious, recurring pattern. Over the past two years, whenever the indicator has stumbled into negative territory and then bounced back, Bitcoins price has mirrored this plunge and subsequent rebound, like an ever-faithful reflection following a pattern etched into the stone.

Rewind to just earlier this year: this same pattern gently unfolded, with one marked difference. This time when the indicator swiveled back from descent to ascent, Bitcoin launched into a rally, breaking its all-time high.

Zoom onto the present scenario: the Bitcoin Coinbase Premium is slowly subtending a downtrend and remains positive, albeit still not venturing into the negative territory. It seems like Bitcoin is currently on a wait and see moment. So, if history bears to repeat itself, a further dip is required, reaching the reversal point before a potential rebound happens.

As for Bitcoins price, the journey has seen its shares slide under the $61,000 mark, only to find solace in a swift recovery, bouncing back to more than $62,700 in just one day.

Could this be a forerunner of a drastic rally or the prologue to a slow decline? Only time holds the answers, and cryptowatchers will be paying keen attention to the movements of the Bitcoin Coinbase Premium, ready to glean potential clues as to Bitcoins coyly unpredictable trajectory.

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Bitcoin Coinbase Premium: Key to Predicting Cryptocurrency Trends? - West Island Blog

May’s Premier Cryptocurrency Picks: Surging Ethereum, Hump Token, and BlockDAG – The Merkle News

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Mays Hottest Crypto Leaders: BlockDAG Surges, ADAs New Rival, and Bold Ethereum (ETH) Price Predictions Revealed!

In the evolving landscape of the cryptocurrency market, projects like Ethereum, Hump Token, and BlockDAG are drawing investor attention due to their unique growth prospects. Ethereum continues to solidify its position above the $3,000 mark, signaling a positive market sentiment. Hump Token, offering an alternative to Cardano, is rapidly gaining traction with those seeking quick returns.

BlockDAG, a leading Layer 1 solution, is advancing with its accelerated mainnet launch and making notable pre-launch strides through significant presales and extensive global marketing efforts. As it readies the release of its X1 Miner App, which aims to boost global mining efficiency significantly, BlockDAG is setting up remarkable growth.

Ethereum is experiencing a resurgence, maintaining a steady position above $3,000 following a recent price correction, similar to Bitcoins movements. Positioned well above its 200-day exponential moving average, Ethereum shows signs of a solidifying trend. Technical assessments indicate critical resistance levels at $3,165 and $3,200, suggesting potential growth towards $3,500 if these thresholds are surpassed.

Supportive levels at $3,100 and $3,000 offer a robust buffer against significant declines. Market enthusiasm is further boosted by endorsements from notable figures such as Ripples CEO, Brad Garlinghouse. With these factors, Ethereum presents a promising buying option for investors looking to capitalize on its expected ascent.

Within a mere week, Hump Token has seen an impressive 5000% increase, making it a strong contender as a Cardano alternative. This meteoric rise has captured the focus of a leading analyst who previously accurately forecasted Solanas fall. This expert now predicts a potential fiftyfold increase for Hump. The tokens vibrant community and active social media engagement have been vital to its swift ascent.

Anticipation is growing with the possibility of Hump Token being listed on major trading platforms, setting the stage for further impressive gains. Investors searching for high-reward prospects may find Hump Token especially appealing as it capitalizes on recent successes and the broader markets positive momentum.

BlockDAG is rapidly advancing in the crypto realm, having moved its mainnet launch forward by four months, signaling quick technological advancements. The revised roadmap emphasizes its focus on developing peer-to-peer engines and intricate algorithms for improved data handling, aiming to boost blockchain efficiency significantly.

BlockDAGs visibility was notably enhanced by a dynamic presentation at Londons Piccadilly Circus, with similar events in Tokyo and Las Vegas, highlighting its tech prowess and attracting global interest. These promotional efforts helped BlockDAG raise $25.7 million in its presale phase.

Additionally, with over 5500 miners already sold, generating over $2.5 million, and the impending launch of the X1 Miner App, BlockDAG is enhancing mining efficiency worldwide. With continued presale success and growing community support, BlockDAG is well on its way to achieving its projected $30 valuation by 2030, presenting a compelling investment opportunity for those interested in cutting-edge crypto technology.

Overall, while both Ethereum and Hump Token provide attractive opportunities within their niches, BlockDAG stands out as the strategic investment choice in the current crypto market. Its proactive development approach, effective global marketing, and solid presale results highlight its potential as a blockchain innovation leader.

As BlockDAG prepares to release its advanced X1 Miner App and an early mainnet launch, it is uniquely positioned to realize its vision of a $30 valuation by 2030, offering investors a distinctive and profitable venture in the fast-paced cryptocurrency arena.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

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May's Premier Cryptocurrency Picks: Surging Ethereum, Hump Token, and BlockDAG - The Merkle News

Cryptocurrency Ethereum Classic Down More Than 3% Within 24 hours – Investing.com UK

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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Ethereum Classic's (CRYPTO: ETC) price has decreased 3.51% over the past 24 hours to $25.41, continuing its downward trend over the past week of -8.0%, moving from $27.74 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 6.0% over the past week while the overall circulating supply of the coin has increased 0.69% to over 147.05 million which makes up an estimated 69.79% of its max supply, which is 210.70 million. The current market cap ranking for ETC is #31 at $3.74 billion.

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Cryptocurrency Immutable Down More Than 7% Within 24 hours – Investing.com UK

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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Over the past 24 hours, Immutable's (CRYPTO: IMX) price has fallen 7.64% to $2.06. This continues its negative trend over the past week where it has experienced a 7.0% loss, moving from $2.21 to its current price.

The chart below compares the price movement and volatility for Immutable over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 16.0% over the past week while the overall circulating supply of the coin has increased 0.06% to over 1.46 billion which makes up an estimated 72.84% of its max supply, which is 2.00 billion. The current market cap ranking for IMX is #37 at $3.00 billion.

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Cryptocurrency Immutable Down More Than 7% Within 24 hours - Investing.com UK

Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours – Investing.com UK

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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Filecoin's (CRYPTO: FIL) price has decreased 3.46% over the past 24 hours to $5.38, continuing its downward trend over the past week of -9.0%, moving from $5.91 to its current price.

The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 17.0% over the past week, while the overall circulating supply of the coin has increased 0.53% to over 551.58 million. This puts its current circulating supply at an estimated 28.13% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #39 at $2.97 billion.

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Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours - Investing.com UK

Making Sense of the State of Crypto in 2024 – PYMNTS.com

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There might be as many opinions about crypto as there are cryptocurrency tokens. And with tens of thousands of digital assets populating the crypto market, thats certainly a lot of opinions.

That sheer scale of noise is in part why it can be so challenging to get a clear view of the Web3 landscape something that holds true for regulators, retail investors, consumers and businesses alike.

This, as the regulatory environment surrounding cryptocurrencies is becoming increasingly complex within the U.S., with the House of Representatives voting Wednesday (May 8) to approvea resolutionrejecting U.S. Securities and Exchange Commission (SEC) cryptocurrency accounting guidance alleged to have deterred banks from handling crypto customers.

Almost immediately, President Biden released a statement saying that he would veto the resolution if it made it so far as to reach his desk.

The Administration strongly opposes passage of H.J. Res. 109, which would disrupt the SECs work to protect investors in crypto-asset markets and to safeguard the broader financial system as explained in staffs accompanying release, SAB 121 was issued in response to demonstrated technological, legal, and regulatory risks that have caused substantial losses to consumers, said the Executive Office of the President in a Wednesday statement.

If the President were presented with H.J. Res. 109, he would veto it, the release concluded.

If you want Americans to be able to engage with digital assets safely and securely, banks which are some of the most regulated businesses in our country are probably the best way,Rep. Patrick McHenry (R-N.C.), chairman of the House Financial Services Committee, said in response.

Read more: This Week in Web3: Wells Notices, Crypto Payments and Usability

Still, amid regulatory and political developments, crypto still has its prominent adherents. One of whom is Block Chairman and Co-founder Jack Dorsey, a leading figure in the payments industry, who has made the bold prediction that bitcoins price could reach $1 million by 2030. As PYMNTS reported, Blocks existing $200 million investment in bitcoin grew by around 160% during the companys most recent financial quarter, $573 million.

All thats to say that Dorsey may not be the most objective source when discussing the growth of a currency with no backing. His optimistic forecast is in part based on the belief that Bitcoin will play a crucial role in the future of finance, serving as the internets native currency.

And, of course, for bitcoin or any crypto asset to reach such a valuation, the regulatory stars will need to align. A situation that continues to look unlikely, at least in the U.S.

For example, Web3 company Ripple is running into fresh SEC trouble following the April announcement of its own dollar-pegged stablecoin, as the company moves forward with its plan to expand itspayments business in the U.S.

In a Tuesday (May 7) filing, the SEC wrote, Ripples primary business continues to be, as it has been since 2013, unregistered sales of XRP. It also plans to issue a new unregistered crypto asset, arguing that Ripple has built its Web3 business by leveraging the sale of unregistered securities, and that the stablecoin project can be painted with the same brush, too.

Read more: What CFOs Should Know About the Growing Use of Stablecoins

Still, in todays post-bitcoin-ETF landscape, crypto is working hard on making further inroads into the traditional financial sector.

Big banks and financial institutions are much more interested today than they certainly were five or six years ago, when we rolled out some products for the first time,Brooks Entwistle, senior VP of global customer success and managing director atRipple, told PYMNTS this fall. You certainly almost never saw the boardroom when you brought up the topic of blockchain and especially crypto in the early days.

And this receptivity is having repercussions across the marketplace. Online brokerageRobinhood Marketson Wednesday (May 8) reported first-quarter profits that exceeded expectations, driven bystrong cryptotrading volumes boosted by positive sentiment toward the crypto industry.

However, Robinhood faces challenges in the form of aWells noticefrom the SEC, indicating potential enforcement action against the company. This development raises concerns about the future of Robinhoods crypto trading arm.

That, it seems, exemplifies the state of the crypto sector in 2024: two steps forward, and three steps back. Or maybe, it is the other way around only time will tell.

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Making Sense of the State of Crypto in 2024 - PYMNTS.com

Cryptocurrency Aptos Falls More Than 4% In 24 hours – Investing.com UK

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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Aptos's (CRYPTO: APT) price has decreased 4.79% over the past 24 hours to $7.88, continuing its downward trend over the past week of -12.0%, moving from $8.94 to its current price.

The chart below compares the price movement and volatility for Aptos over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 6.0% over the past week while the overall circulating supply of the coin has increased 1.33% to over 433.96 million. The current market cap ranking for APT is #32 at $3.42 billion.

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Obscure Cryptocurrency Rollblock Poised for Unprecedented 100x Jump by 2024 – West Island Blog

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Breathing in a renewed aura of anticipation, the cryptocurrency realm is witnessing an intriguing turn of events. Astute investors appear less enchanted by renowned cryptocurrencies like Ripple (XRP) and Cardano (ADA) as they inch towards an underdog interestRollblock (RBLK). RBLK, a relatively obscure player, is gaining an increasingly larger share of the investors attention. This crypto nugget is only $0.01, but market maestros are speculating that it could soar to a staggering $1 by 2024, positioning it as one of the most promising investment opportunities.

Cardano (ADA), the brainchild of Charles Hoskinson, is evincing a fascinating momentum. Hoskinson recently rolled out a hypothetical poll and posed an interesting conundrum to the crypto guruswhether or not Cardano should integrate Bitcoin Cash. Garnering an encouraging response, the poll has amassed over 15,000 votes with the majority advocating for integration.

ADA continues its upward trajectory, vacillating around a 20% rise in price over the past year. Additionally, its market cap witnessed a remarkable $3B leap, rocketing from $12B to $15B. The future of Cardano seems rosy, as buttressed by four bullish technical indicators. Consequently, crypto connoisseurs envision a potential surge to $0.58 before the second quarter of 2024 concludes.

Simultaneously, Ripple (XRP) is resounding its presence loud and clear. CoinMarketCap reports showcase that Ripples price underwent close to a 20% augmentation over the preceding 12 months while its market cap remains unaltered at $28B. Renowned analyst Mikybull posits that Ripple appears extremely bullish on the back of a confirmed price bottom. Echoing Mikybulls sentiments, several technical analysis reports also hint towards a bright future for Ripple, forecasting a potential uplift to $0.63 during the second quarter of 2024.

Catching the eye of keen investors, Rollblock is a distinctive player. Unlike the crypto behemoths Cardano and Ripple, Rollblocks allure primarily emanates from its unique revenue-sharing model, which sets it apart from the mainstream cryptos. Pioneering GambleFi protocol, Rollblock envisages reigning over the $450B gambling industry.

Moreover, Rollblock holds a distinctive advantage over rivals like Stake.com and Fairspin. Rollblock simplifies the process and eliminates the need for a traditional sign-up KYC checks, thereby promising user airtight privacy and ensuring comprehensive data leak prevention.

However, the most enticing aspect of Rollblock lies in its appeal as a dual investment. This innovative crypto casino ensures to generously disburse up to 30% of its revenue amongst RBLK holders or stakers. These sweeping reformations cement Rollblocks stand apart from conventional casinos where the house always wins. With Rollblocks novel practices, the RBLK token holders seize control. As a result, just holding onto the RBLK tokens could lead to massive capital gains.

At this stage, RBLK is valued at only $0.01, rendering it an extremely attractive presale investment prospect. As it progresses alongside price pumps, market analysts estimate a whopping 1200% increase in the presale period alone. The stakes are high and getting even higher with myriad estimates speculating a remarkable 100x jump rocketing RBLK value to $1 by the third quarter of 2024. This places RBLK as a phenomenal long-term investment opportunity in the crypto cosmos.

Rollblocks current market cap of $10M demonstrates its potential to revolutionize the crypto scene. Although it may require a 2000x increment to match the likes of Cardano and Ripple, it presents itself as a gamechanger for investors searching for accelerated returns. As Rollblock rapidly ascends to prominence, the question remainscould it ultimately eclipse the crypto giants Cardano and Ripple? The answer may lie in the exciting presale opportunities available for Rollblock. Its anyones game in the electrifying world of cryptocurrency.

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Obscure Cryptocurrency Rollblock Poised for Unprecedented 100x Jump by 2024 - West Island Blog

Cryptocurrency Market News: Spot Bitcoin ETFs Shift to Outflows Ahead of Halving – Investopedia

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Key Takeaways

Bitcoin (BTCUSD) traded flat while spot bitcoin exchange-traded funds (ETFs), which have been driving up bitcoin demand and consequently its price, experienced a rare week of net outflows as the markets geared up for the halving event later this week.

Uniswap Labs received a Wells notice from the U.S. Securities and Exchange Commission (SEC). Monad Labs raised $225 million from Paradigm and others.

Last week, U.S. spot bitcoin ETFs experienced net outflows, a rare occurrence that has only happened three times since these funds were introduced in January.

Between April 8 and April 12, the category, which comprises 11 funds, reported a loss of about $83 million in assets, according to data from BitMEX Research. This represents a significant swing from the previous week's net inflows of $485 million. Despite this setback, spot bitcoin ETFs have amassed $12.5 billion in net positive inflows since they were launched.

Notably, the Grayscale Bitcoin Trust ETF (GBTC) continued to post a decline, with $767 million exiting the fund last week alone. In contrast, other leading funds such as BlackRocks iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) brought in $487 million and $90 million, respectively, but these gains were insufficient to counterbalance the substantial outflows from GBTC.

Demand generated by spot bitcoin ETFs has been credited for the recent rally in bitcoin prices, and it is also considered a key differentiator for the upcoming bitcoin halving versus prior instances.

Decentralized crypto exchange Uniswap last week disclosed receiving a Wells notice from the SEC, indicating impending enforcement actions.

This led to a sharp drop in the price of Uniswap's native token, UNI, falling from above $11 before the news broke to under $8. Uniswap Labs CEO Hayden Adams shared his disappointment and readiness to contest the charges on X. Wells notices serve as preliminary alerts about potential regulatory charges and often precede formal enforcement actions.

The SEC's concerns centered on allegations of Uniswap operating as both an unregistered securities broker and exchange, Uniswap executives Mary-Catherine Lader and Marvin Ammori clarified at a press conference, according to CoinDesk. The specifics of whether UNI itself might be classified as a security weren't clear from the notice. Ammori referenced a favorable recent court decision for Coinbase, which he sees as a positive indicator for Uniswap's defense against similar charges.

Monad Labs has secured $225 million in a funding round led by Paradigm, enabling the company to expand its team and advance the development of its blockchain, which is designed to contend with Ethereum.

This financial backing aims to transition Monad's test version of its blockchain into a full production stage. Its Layer 1 blockchain maintains compatibility with the Ethereum Virtual Machine (EVM). According to Monad's announcement on Substack, the EVM processes more than 96% of all investments in decentralized finance (DeFi).

While Ethereum is currently limited to processing fewer than 20 transactions per second, Monad's newly operational testnet, launched in March, demonstrates a capacity to handle approximately 10,000 transactions per second. This significant increase in transaction throughput is part of a broader trend in the crypto community, which sees various entities, including both Layer 1 and Layer 2 solutions, striving to enhance DeFi's efficiency. Monad's approach incorporates parallel execution to significantly boost performance across the protocol.

This round of funding also attracted investments from several notable firms, including Electric Capital, Castle Island Ventures, Animoca Ventures, Coinbase Ventures, and CoinFund, underscoring broad industry support for Monad's technology.

All eyes are on the anticipated bitcoin halving this week, as the fourth iteration of the scheduled decrease in the cryptocurrency's issuance rate is expected to take place by the end of the month.

Halving, which occurs after every 210,000 blocks, or roughly every four years, cuts the pace of new bitcoin mined and halves miner incentives.

While previous halvings have led to bull runs for bitcoin in the past, multiple industry reports have indicated the spot bitcoin ETF market may have a bigger impact on the cryptocurrency's supply-and-demand dynamics at this point.

Despite the upcoming decline in bitcoin-denominated revenue for miners, it's possible miners could enjoy an increase in revenue in dollar terms due to the potential for a bitcoin price run-up combined with the developments of Ordinals and various Layer 2 networks.

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Cryptocurrency Market News: Spot Bitcoin ETFs Shift to Outflows Ahead of Halving - Investopedia

Bitcoin price might not rally after halving event, JPMorgan says – Quartz

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This years Bitcoin halving event will be different than past ones, as the top cryptocurrency might actually lose value in the aftermath instead of rallying. Thats according to an analysis from JPMorgan, CoinDesk reports. The bank has predicted a decline in the value of the worlds largest cryptocurrency due to overbought market conditions.

TSMC beat on Q2 expectations driven by AI boom, Nvidia, and Apple

Moreover, the current cryptocurrency price of approximately $61,200 remains above the banks volatility-adjusted comparison with gold of $45,000, CoinDesk reports.

The Bitcoin halving will occur around April 19-20, cutting the current mining rate to 3.125 Bitcoin from 6.25 Bitcoin. Halving is an integral part of the Bitcoin blockchain system, which creates a monetary system that controls inflation.

After briefly dropping below $60,000 a day earlier, Bitcoin was down 1.17% on Thursday morning, hovering around $62,000, according to CoinMarketCap.

There has been a lot of discussion about this years Bitcoin halving being different from all the previous such events, primarily because the top cryptocurrencys price reached its peak a month before the halving event, which has never happened before.

Historically, Bitcoin halving has boosted the price of the cryptocurrency. For instance, after the first Bitcoin halving in 2012, the price was $12. It went up to $44 100 days after the event and $135 after 300 days.

Similarly, after the 2016 halving event, the cryptocurrency went from $658 to $1,551 in 300 days. And in the most recent halving of 2020, the price of $8,601 went to $50,941 within 300 days.

Read more: The big Bitcoin halving event is almost here. Weve got answers to all your questions

This time around, banking giants are not sure that the trend will continue given the market conditions. Recently, Goldman Sachs warned caution due to unpredictable macroeconomic factors regarding Bitcoins upcoming halving.

Historically, the previous three halvings have been accompanied by BTC price appreciation after the halving, although the time it took to reach the all-time highs differs significantly, said Goldmans Fixed Income, Currencies and Commodities (FICC) and Equities team, per CoinDesk. Caution should be taken against extrapolating the past cycles and the impact of halving, given the respective prevailing macro conditions.

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Bitcoin price might not rally after halving event, JPMorgan says - Quartz

Cryptocurrency: 3 Coins To Buy for Long-Term (10x) Profits This Bull Run – Watcher Guru

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The realm of cryptocurrency is dubbed volatile and exciting at the same time. There are times when dependable altcoins fail to perform their best while the underrated gems emerge as the ultimate winners of the race. It can be particularly hard to dissect notable coins that may deliver stable returns as compared to volatile ones, which may steal away all your savings and investments.

With that thought in mind, heres our pick of the top three crypto coins that may deliver stabler profits this bull season.

Solana led the current bull run in all its glory, projecting a stellar price stance. The SOL ecosystem was rife with new presale coins and projects that helped the token sail to new highs.

The Solana ecosystem has recently deployed a congestion bug fix in its blockchain, which is bound to keep the network from crashing due to heavy traffic and trading.

This may help Solana onboard new users, as the network is primarily known as a hassle-free, low-cost, effective blockchain in the Web3 vertical. This will help SOL recover all its lost value at a rapid pace, crowning itself as a leading player in the web3 space.

According to CoinCodex, Solana may experience a notable price surge post-Bitcoin halving. Per CC, SOL may gain 13% to trade at $150 by the end of April 2024.

The price of Solana may rise by 13.54% and reach $150.73 by May 18, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). Solana recorded 15/30 (50%) green days with 9.78% price volatility over the last 30 days.

XRP has long been embroiled with the SEC in a heated legal spat. Despite its sluggish pace and the prolonged legal warfare with the SEC, the token continues to hold its ground steady. XRPs magical price road is progressing primarily due to Ripple, its parent company, which is relentlessly pursuing monumental new partnerships with leading financial players in the space.

These new partnerships are key pathways for Ripple to gain further prominence, helping its token XRP to recover its lost fortunes sooner or later. Once the legal warfare with the SEC concludes, XRP may recover and regain its value, which makes it a great asset to hold and explore.

According to CoinCodex, XRP will gain 15% by the end of April, trading at $0.56 by May 17.

The price of XRP may rise by 15.83% and reach $0.568167 by May 18, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). XRP recorded 14/30 (47%) green days with 7.50% price volatility over the last 30 days.

Ethereum is dubbed as the second-best cryptocurrency after Bitcoin. With the Bitcoin Halving event knocking on the door, the event may trigger a chain reaction, leading the altcoins to document a notable price spike.

Ethereum might also benefit from this change, assisting the token to seek stability in its price levels.

According to CoinCodex, Ethereum may spike 2% to trade at $3,107 by May 17. The slow yet steady price pace is what promises stable profit margins to its investors in the long term.

The price of Ethereum may rise by 2.87% and reach $3,105.24 by May 18, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 57 (greed). Ethereum recorded 16/30 (53%) green days with 4.90% price volatility over the last 30 days.

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Cryptocurrency: 3 Coins To Buy for Long-Term (10x) Profits This Bull Run - Watcher Guru

Cryptocurrency: Top 3 Coins That Could 10X In The Bull Run – Watcher Guru

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As the cryptocurrency market gears up for another potential bull run, investors are eagerly searching for the next big opportunity. While the market is filled with countless coins and tokens, three cryptocurrencies stand out as top contenders for achieving a 10X return during the upcoming bull market: Solana (SOL), Aptos (APT), and Dogecoin (DOGE).

Despite the current market downturn, Solana is trading at $130.87, down 6.21% in the past 24 hours, and many experts believe that Solana has the potential to skyrocket during the next bull run.

One of the key factors contributing to Solanas potential for explosive growth is its ability to process thousands of transactions per second, making it an attractive option for developers and users alike. Additionally, the platforms recent update and growing meme coin sector could push it higher.

Also read: Binance Launches Megadrop: An Airdrops and Web3 Quests Platform

While Solanas all-time high of $260.06, reached in November 2021, may seem distant, the current market conditions could provide an excellent opportunity for investors to accumulate SOL before the next bull run takes off.

Aptos is trading at $9.04, down 2.84% in the past 24 hours, APT has already shown impressive growth since its launch, reaching an all-time high of $19.90 in January 2023.

Aptos distinguishes itself by utilizing the Move programming language, originally created by Facebook (now Meta) for their Libra (now Diem) project. Developers building decentralized applications find the Move language attractive due to its secure, scalable, and flexible design.

Also read: Dogecoin Forecasted To Reclaim $0.2 Level: Heres When

As the Aptos ecosystem continues to grow and more airdrops are set to launch in its ecosystem, the potential for APT to achieve a 10X return during the next bull run becomes increasingly likely.

Dogecoin, the meme-inspired cryptocurrency, is another top contender for explosive growth during the next bull run. Despite the current market downturn, with DOGE trading at $0.1438, down 8.88% in the past 24 hours, the coin has demonstrated its ability to generate massive returns in the past.

During the previous bull run, Dogecoin reached an all-time high of $0.7376 in May 2021, representing an impressive 80.41% increase from its current price.

Also read: Shiba Inu Forecasted To Hit $0.0003: Heres When

With a strong and loyal community behind it, DOGE has the potential to once again capture the attention of investors and achieve significant growth during the next bull market.

Moreover, the endorsement of high-profile individuals, such as Elon Musk, could further fuel its growth in the coming months and years.

However, as with any investment, it is crucial to conduct thorough research and exercise caution before making any financial decisions.

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Cryptocurrency: Top 3 Coins That Could 10X In The Bull Run - Watcher Guru

Countdown Is On for the Bitcoin ‘Halving’ – The New York Times

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Cryptocurrency enthusiasts have eagerly anticipated the third week of April, counting down the days until a potentially crucial moment in Bitcoins development called the halving.

Essentially, the halving is a scheduled reduction in the number of new Bitcoin that go into circulation. As the supply falls, some analysts anticipate that the digital currencys price will soar.

These reductions happen every four years or so. But this years halving has drawn especially enthusiastic attention as the crypto industry rebounds from years of falling prices and corporate implosions.

In recent months, Bitcoins price has surged to record highs, reaching $73,000 in March. Much of that increase was driven by the approval of new financial products tied to Bitcoin, which spurred billions of dollars in new investment. Crypto investors are hoping that the halving will create a similar effect, causing Bitcoins price to climb further.

Heres what to know about the halving.

A key purpose of Bitcoin is to enable people to exchange money without any sort of intermediary, like a bank, verifying the transaction.

In place of a bank, a distributed network of computers scattered around the world, all running Bitcoins software, performs the verification. To confirm a transaction, the computers solve complicated puzzles, racing one another to guess the answer. This process is designed to ensure that Person A has sufficient funds to send money to Person B.

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Countdown Is On for the Bitcoin 'Halving' - The New York Times