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Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheim chief investment fficer Scott Minerd. This is not the first time he has made a bearish call, and he has, in the past, made bullish calls as well. However, Minerd’s more recent calls have occurred just before major reversals. Scott Minerd BTC price calls:– $600k at $60k → went to $30k.– $10k at $30k → price to $65k.– $8k at $30k (again) → TBD. pic.twitter.com/NWjrRdegFM —… Source link

Arman Shirinyan Privacy coins are gaining traction on cryptocurrency market and breaking from the correlation with bleeding Bitcoin and Ethereum With growing demand for “privacy coin” Monero and other cryptocurrencies that offer an anonymous and secure experience on the blockchain are enjoying rises in their value. XMR gained almost 17% in the last seven days despite the ongoing correction on the crypto market, per CoinMarketCap. As the data suggests, XMR almost completely ignores the… Source link

Litecoin price is set to rally 36% on positive headlines. LTC price will be close to throwing off dollar strength. Expect to see a return to $94, with, once broken, a rally above $110 Litecoin (LTC) price is at the cusp of unchaining itself from the relentless dollar strength that has been casting a shadow on price action this month. With Junejust around the corner, an uptrend is set to kick in as Russia has said it is willing to start talks to open up all the… Source link

Ethereum’s price held steady amid signs its proof of stake blockchain shift is imminent. Photo: Dado Ruvic/Illustration/Reuters Ethereum’s price has consolidated after another signal that the ‘proof of stake’ merge is fast approaching. Two recent announcements that ethereum’s merge is imminent have encouraged investors to prepare for a bullish breakout of the world’s second largest cryptocurrency. Ethereum’s merge will see the energy-intensive proof-of-work mining cease on the network and a… Source link

Initially regarded as havens for criminals and money launderers, cryptocurrencies have gone a long way in technological innovation and acceptance. Cryptocurrencies are typically used to purchase and trade goods and services. At the same time, some newer cryptocurrencies also serve as a set of rules or duties for their holders, as we shall explain later. Cryptocurrency markets have struggled during 2022, but some performed with distinction. For example, Monero (XMR) and Binance (BNB) have… Source link

Bitcoin (BTC) briefly returned to $30,000 before the May 25 Wall Street open as range adherence lingered. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC should challenge 2-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD managing to hit $30,189 on Bitstamp before consolidating back under the $30,000 mark. While appearing uninspiring at first glance, Bitcoin on low timeframes was a source of fresh interest for Cointelegraph contributor… Source link

Despite the volatility of digital finance and the most recent market crash, investors are maintaining their trust in cryptocurrency. Here is why you should too. Know Before You Invest As major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) declined after a period of volatility, investors are becoming restless. Similarly, FTX Token (FTT) and Monero (XMR) have also had periods of volatility, but they continue to be excellent investments. Meanwhile, Calyx Token (CLX), having… Source link

Also at launch, another 25% of the supply was airdropped to contributors, who include the development team, translators and advisers, subject to a four-year vesting schedule. The remaining 50% was reserved for the DAO Community Treasury, with 10% at launch and the rest set to be released over the next four years. Source link

LTC price printing lower highs and higher lows. Litecoin price is coiling into a symmetrical triangle. Invalidation of the bearish thesis is a breach at 64.06.  Litecoin price action is prepping for a sharp rally to $80 to counterbalance the time-consuming triangle pattern.  Litecoin price aims for $80 Litecoin price is developing subtle bullish cues that could catch bearish traders off guard. The market conditions have been very mundane for the Litecoin… Source link