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Tag: price prediction

  • Notcoin (NOT) Notches 47% Daily Profit To Emerge Top Market Gainer

    Notcoin (NOT) Notches 47% Daily Profit To Emerge Top Market Gainer

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    Popular play-to-earn token Notcoin (NOT), has continued to retain investors’ attention over the last week with a stunning positive market performance. According to data from CoinMarketCap, Notcoin gained 46.97% in the last day emerging as the top-performing asset in the market.

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    Notcoin Records Weekly Gains Of 238%

    With the general crypto market showing a stable price movement, Notcoin’s explosive performance which indicates a high level of buying pressure has taken center stage among spectators, analysts, and prospective investors. 

    The crypto gaming project was initially introduced as a closed beta version in November 2023 by the Open Builders and supported by the Open Network (TON) Foundation. Following its official launch in January 2024, Notcoin quickly garnered much attention, registering millions of users due to its simplistic gameplay and strategic integration with the social media app Telegram. 

    In this play-to-earn game, players earn NOT coins by tapping continuously on a virtual gold coin and executing simple tasks. However, in recent times, Notcoin has introduced a new feature known as “earnings missions” which allows users to passively stack up NOT tokens. 

    The NOT token was officially airdropped on May 16 and has since showcased both sides of the crypto market’s volatility. Following this release, Notcoin initially dipped by over 60% falling from $0.012 to trade as low as $0.0050.

    However, in the last week, the token has put up a remarkable performance gaining by 237.70% to attain an all-time high value of $0.01781. Notably, Notcoin’s market cap value has also grown from $526.77 million to about $1.81 billion pushing the token into the top sixty cryptocurrencies.

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    What’s Next For Notcoin?

    At press time, NOT trades at $0.01735 following a 155.57% rise in its daily trading volume per data from CoinMarketCap. 

    According to a prediction by Coincodex, the sentiment around Notcoin is highly bullish with a Fear & Greed Index of 72. With the bulls retaining market control, Coincodex predicts the play-to-earn token to rise to $0.021 and $0.054 in five and thirty days respectively.

    However, on the token’s 4-hour trading chart, the Relative Strength Index (RSI) is well in the overbought zone indicating a trend reversal may lie on the horizon and the current bull trend may soon be over.

    NOT trading at $0.01782 on the 4-hour chart | Source: NOTUSDT chart on Tradingview.com

    Nevertheless, Notcoin’s future trajectory remains uncertain and will likely be influenced by future network developments/features and the project’s ability to retain its growing customer base. All investors are admonished to conduct proper research before investing in any asset as the crypto market remains subject to high levels of volatility.

    Featured image from iStock, chart from Tradingview

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    Semilore Faleti

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  • UNI Jumps Over 11% – Here’s Why Investors Flock to This Token

    UNI Jumps Over 11% – Here’s Why Investors Flock to This Token

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    A few outliers continue to break through the bearish attitudes looming over the crypto horizon of late. UNI is one of those tokens, with an impressive jump of over 12% in the past 24 hours, investors have flocked to this altcoin in search of a bullish continuation. 

    The first quarter of this year brings a lot to the table for investors. Just this month, Uniswap reported that its deployment on Arbitrum led to the swap volume on the latter to jump by a significant amount. The news is also coupled with exciting new info on Uniswap’s latest agenda: the launch of Uniswap v4. 

    What Is Uniswap V4? 

    After news that Ethereum, Uniswap’s L1, will have its Dencun upgrade in this year’s first quarter, Uniswap then announced that their latest iteration of the protocol would be launched sometime in Q3 2024. 

    In essence, Uniswap v4 is a more efficient and cost-effective brother of v3. According to Uniswap’s own website, it is a “non-custodial, non-upgradeable, and permissionless automated market maker protocol.”

    In the announcement, v4 is currently in its first phase with the developers finalizing the core functionalities and features of the upgrade. The update would let the team create new features on top of the current AMM design of the protocol. This eliminates the need for creating an entirely new design from the ground up. 

    UNI currently trading at $7.462 on the daily chart: TradingView.com

    Leading The Innovation Charge

    Uniswap is also ramping up its effort in providing funding for innovators in the Web 3 space. Last week, the Uniswap Foundation X account released a detailed look at the organization’s new granting strategy. 

    In short, the new strategy revolves around granting a minimum of $250,000 in four audience-specific categories: developers, researchers, delegates, and innovation (all stakeholders). 

    For now, no date of implementation has been announced for these new grants. 

    UNI: Challenging Week Ahead For Investors

    The lead-up to the month of March has certainly brought a level of hype around the broader market, but thus hype has since died down and was replaced by profit-taking attitudes. UNI will inevitably experience this bearishness taking hold in the coming weeks as the market potentially dips. 

    If this happens, investors and traders have strong support on the 50% and 38.20% price levels. These supports will slow down any bearish advance, stabilizing UNI’s price at the $7.3 and $7 range. 

    Featured image from Adobe Stock, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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  • XRP: Analyst Predicts Bullish Scenarios In The Coming Days

    XRP: Analyst Predicts Bullish Scenarios In The Coming Days

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    Crypto analyst EGRAG crypto recently posted an analysis of the various scenarios for the price trajectory of XRP in the near future. XRP, like most top cryptocurrencies, has received many price predictions in the past few months, as the entire crypto market witnessed a consistent increase in activity throughout the fourth quarter of 2023.

    However, predicting the future outlook of cryptocurrencies can be a very tricky endeavor, but this crypto analyst, known for his bullish stance on XRP, outlined different trajectories for XRP in the coming months, with some of them being more bullish than others. 

    Fundamentals And Technicals Point To A Bullish XRP

    XRP has been on a roller coaster ride this year. The crypto went through the first half of the year still carrying on the burden surrounding Ripple’s lawsuit with the SEC since 2020. By the second half of 2023, XRP became the first cryptocurrency with legal clarity in the US. This caused its price to skyrocket from $0.46 in less than 24 hours to $0.82, the highest point in 15 months. 

    Despite the crypto still being up by 80.45% this year, the price has since corrected, and XRP is now trading at $0.6225. According to crypto analyst EGRAG’s analysis, the crypto is still in a bullish mindset that would send it over $1 in the coming months, a price level it hasn’t seen since November 2021.

    XRP Price Scenarios and Potential Trends

    Under the first scenario presented by EGRAG, XRP will reach $1.10 by February 2024. However, the crypto could revisit another swing low at $0.55 to $0.58 before making this bullish run. If this happens, it would make it much easier for the crypto to to achieve multiplier factors over 10X and 20X.

    In the second possible outcome, XRP will surge to $1.4 in the first quarter of 2024. EGRAG noted that the eventual approval of spot Bitcoin ETFs in the US could turn out to be a sell-the-news event, which could see XRP crashing back down to $0.75 to $0.80 between July and September 2024. If this scenario were to play out, the $0.80 to $0.85 price level would become a strong “MACRO Resistance” for future price action.

    XRP market cap is currently at $33.7 billion. Chart: TradingView.com

    In the third and most bullish scenario, XRP and the entire crypto market will surge alongside Bitcoin after the approval of spot ETFs in the US. As a result, XRP could easily surpass its current all-time high by March 2024 and might peak between $2.2 to $2.8.

    It’s important to note that the crypto industry will become open to traditional investors by this point, including big Wall Street investors. EGRAG warned of potential manipulation of retail investors by the “big boys,” adding that “they are ruthless and only few will survive and emerge victorious.”

    Featured image from Pexels

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Scott Matherson

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  • New All-Time Highs For Bitcoin In 2023? Analyst Shares Prediction

    New All-Time Highs For Bitcoin In 2023? Analyst Shares Prediction

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    The flagship cryptocurrency, Bitcoin, is up by over 100% year-to-date (YTD). Despite these impressive gains, there is still reason to believe that the crypto token’s resurgence isn’t done, as there could still be new highs before the year runs out based on analysis from prominent figures in the community. 

    Bitcoin To Hit $69,000 This Year?

    In a post shared on his X (formerly Twitter) platform, prominent crypto analyst Dave the Wave suggested that Bitcoin could surge to its previous highs this last quarter of the year. Although he didn’t state what highs exactly, the accompanying chart he shared in the post showed that he was hinting at Bitcoin’s all-time high of about $69,000. 

    This isn’t the first time the crypto analyst has shared his belief that Bitcoin could hit $69,000 this year. In an earlier X post, he shared a similar chart, which put up a price target of $70,000 based on the speculation of “another mini-parabola frontrunning the halving.” 

    It is not unusual for the market to pump significantly, as historical data suggests. Bitcoin’s price has increased significantly before and after every halving event. Before the most recent halving event, which took place in 2020, BTC rose by over 17% in the weeks leading up to it and saw a further 559% increase after the event. 

    Bitcoin (BTC) is currently trading at $37.072. Chart: TradingView.com

    However, many might argue that an all-time high (ATH) before the halving event, which takes place in April 2024, seems like a far reach, especially if the analyst is projecting that the new high will occur before this year runs out. 

    Bitcoin To Hit New All-Time High Before April?

    While a new all-time high before the year runs out seems like a big task, some prominent figures have, however, backed the crypto token to hit a new ATH before April. One of them happens to be Bitcoin OG and founder of Blockstream, Adam Back. Interestingly, Back predicted (back in August) that BTC will hit or even surpass $100,000 before March 31st, 2024. 

    To show how confident he was of his assertion, the crypto founder went as far as placing a bet with another X user who disagreed with his position. They both agreed to wager a bet of 1 million satoshis, with the winner (depending on Bitcoin’s price by March 31, 2024) taking all. 

    The CEO of Jan3 and a fellow Bitcoiner, Samson Mow, had also agreed with Back in some way, as he believes that Bitcoin will also hit a new ATH pre-halving and not post. However, unlike Back, he didn’t mention any price target.

    Featured image from Shutterstock

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    Scott Matherson

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  • Ethereum Whistleblower Shares Bullish Expectations For XRP Price

    Ethereum Whistleblower Shares Bullish Expectations For XRP Price

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    Steven Nerayoff, one of the earliest advisors for Ethereum, has added his two cents to discussions regarding XRP price. Many predictions have come in recent months on XRP’s future price trajectory.

    Most of these predictions have been bullish, although some more than others. In a recent discussion on social media, Nerayoff mentioned that XRP “has no price ceiling” it can get to due to its unique use case.

    He also stressed the significance of Ripple’s foothold in a “network effects” model on XRP, stating that the cryptocurrency has the potential to become a reserve currency.

    Nerayoff: XRP Has No Price Ceiling

    XRP has garnered a strong supporter ecosystem in the past few years amidst the tussle between Ripple, the company behind the cryptocurrency’s creation, and the SEC. One of these supporters is Steven Nerayoff, who has in the past claimed that the SEC was corrupt in its dealings with Ethereum. 

    Nerayoff’s recent stance on XRP came as a response to another XRP enthusiast asking for his opinion on whether XRP could spike above $10 possibly up to $100. 

    In his reply, Nerayoff noted that XRP could surpass the $100 price point as it has no price ceiling if Ripple can win in a “network effects” model. 

    Nerayoff admitted that it is difficult to provide a simple response. Predicting any crypto’s price is challenging, but Nerayoff is confident in XRP’s long-term potential. 

    Cryptocurrency market cap currently at $1.2 trillion. Chart: TradingView.com

    He made this exclamation while drawing parallels between the cryptocurrency and the US dollar. Like the US dollar, XRP’s price could become irrelevant in the coming future, as investors would be focused on its necessity.

    XRP was designed by Ripple to facilitate lightning-fast, low-cost payments across borders. As more banks and payment providers adopt Ripple’s solutions, demand for XRP will skyrocket.

    This would see XRP potentially taking the role of a global reserve currency “in part or whole.” He also suggested that Ripple may be unfairly targeted because of this potential, referencing the ongoing lawsuit with the SEC.

    XRP Price Outlook

    Nerayoff isn’t the first to make claims about XRP becoming a reserve currency. At the time of writing, XRP is trading at $0.546, up by 5.85% in a 7-day timeframe and 61.25% since the beginning of the year. A recent prediction from crypto analyst ERGAG CRYPTO indicates an XRP price rally of 40 times from its current level to $27 in the subsequent bull run.

    According to a report by on-chain analytics firm Messari, DEX volume on the XRP Ledger increased by 390% last quarter. 

    Featured image from Shutterstock

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    Scott Matherson

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  • Bitcoin Daily Chart Signals Impending Sell-Off, Analyst Says

    Bitcoin Daily Chart Signals Impending Sell-Off, Analyst Says

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    Popular crypto analyst Ali Martinez has painted a negative picture of Bitcoin’s possible price trajectory within the next 24 hours. In the last day, the premier cryptocurrency is up by 0.7% and briefly traded above the $30,000 mark. However, Martinez believes the crypto market leader will soon lose all these recorded gains and experience a price dip unless a certain condition is met.

    Analyst Stamps $31,560 As Crucial Zone For Bitcoin Traders

    On Sunday, Ali Martinez made a post on X in an attempt to evaluate the formation of a potential head-and-shoulders pattern on the Bitcoin daily chart. Generally, such patterns indicate the market bulls are struggling to drive an asset’s price to a higher value. 

    Martinez states that indicators on the BTC daily chart are pointing to an incoming price dip within the next day. For example, he noted that the TD sequential indicator, designed to identify possible points of trend reversals, is showing a green 9 candlestick, which can be interpreted as a potential sell signal.

    The veteran crypto analyst also points to the Relative Strength Index RSI, another indicator targeted at recognizing trend reversals. Martinez stated the RSI on the BTC daily chart has crossed 74.21, a level known to induce “sharp” price retracements since March. 

    However, Ali Martinez has provided a clause to his latest price prediction. The analyst stated that BTC could avoid this incoming sell-off but only if the token closes its current daily candlestick above the $31,560 price mark. 

    At the time of writing, BTC is trading at $29,960, with an 11.6% gain in the last week. Meanwhile, the token’s daily trading volume is currently up by 18.25%. With a market cap of $584.38 billion, Bitcoin remains the world’s most valuable crypto asset.

    Growing Investor Confidence In Bitcoin

    In other news, there appears to be a high level of growing confidence in Bitcoin at the moment. Recent data from IntoTheBlock revealed a notable increase in long-term Bitcoin holdings, as 80% of circulating BTC has not been moved from an investor wallet in the last six months. 

    Furthermore, a crypto analyst with the X username Slim Daddy also shared that the total balance of BTC owned by hodlers, i.e., investors that have held Bitcoin for over a year, has recently reached a new height of 13.45 million Bitcoin. 

    The analyst believes the continuous accumulation of Bitcoin has been the driving force behind the token’s robust price performance despite a series of market turbulent events. The maiden cryptocurrency has remained among headlines in 2023, with an astounding gain of 70% since the start of the year. 

    BTC trading at $29,913.04 on the hourly chart | Source: BTCUSDT chart on Tradingview.com

    Featured image from IT News Africa, chart from Tradingview

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    Semilore Faleti

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