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➡️ LTC looks great at this point!
There was a resistance at the $65 level that was broken thanks to the inverse H&S pattern.
After some consolidation, we may see some growth finally!
💸Billionaire Michael Saylor Responds to Charlie Munger's Criticism of Bitcoin – This is What He Said
Michael Saylor, the co-founder and former CEO of MicroStrategy, has addressed Charlie Munger's criticism of Bitcoin, claiming that he hasn’t taken the time to understand Bitcoin.
In a Friday interview with CNBC, Saylor said he is "sympathetic" to Munger's criticism of the broader crypto market, noting that thousands of altcoins are little more than avenues for "gambling." However, he argued that Warren Buffett’s right-hand man would have had a different idea about Bitcoin if he studied it.
“If he was a business leader in South America or Africa or Asia and he spent a 100 hours studying the problem, he’d be more bullish on bitcoin than I am,” Saylor explained, adding:
“The Western elites have not had the time to study … but I’ve never really met someone with an incentive living in the rest of the world that spent some time thinking about it that wasn't enthusiastic about bitcoin.”
🔼Meanwhile, BCH looks way much better than Bitcoin!
Makes sense to buy some in the $225 - $235 range if it dumps there in terms of correction.
🏬Unlockd and DeeLance Form an Ecosystem Collaboration to Promote Innovation in the NFT World
Unlockd Joins Forces with DeeLance to Facilitate Users with Innovative Opportunities
As per DeeLance, the respective development will enhance the consumers on DeeLance along with boosting the adoption of its protocol. In addition to this, Unlockd also tweeted about this partnership. According to the NFT lender, the platform will assist DeeLance in the case of solutions dealing with NFT liquidity. Apart from that, the company also wrote a comprehensive blog post on Medium to provide the details of the latest endeavor.
It expressed its enthusiasm for this innovative partnership. The platform added that the collaboration with DeeLance will redefine the landscape of freelancing with the use of the power provided by the blockchain and Web3 technology. The company revealed that it attempts to bring a new approach to connecting freelancers and consumers within the metaverse sector.
According to Unlockd, this will establish a decentralized ecosystem offering rapidity, dynamism, and focus to the community. It also appreciated DeeLance for the provision of all these things within the rapidly-evolving freelance sector. Nonetheless, it brought to the front that this is not the limit for DeeLance as the project also provides an NFT Subscription Model. The respective model permits freelancers to convert the work produced by them into non-fungible tokens (NFTs).
💸Kaiko Report: XRP Takes the Crown as the Most Traded Altcoin of the Year.
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🔔Indonesian Government Prepares to Introduce National Cryptocurrency Exchange.
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🔔Bitcoin May Reach $300K by 2028 Halving, Says $1.6B Asset Manager
Bitcoin (BTC), the world’s largest cryptocurrency by market value, could reach $300,000 by 2028, said Mark Yusko, Morgan Creek Capital Management founder and CEO, on CoinDesk TV’s First Mover.
Yusko made the prediction while comparing bitcoin to gold. Gold is not portable or divisible, whereas bitcoin is, CEO of the $1.6 billion asset management firm explained. "Bitcoin fixes both of these issues, and is equally scarce," Yusko added, making the case that the digital asset could eventually catch up to the precious metal’s valuation.
“The monetary value of gold is about 6 trillion, I think bitcoin can replace all of that, the monetary equivalent of $6 trillion is about a 10X from here, which gives us a price of about $300K,” said Yusko.
He estimates that the $300,000 price could be reached by 2028, when bitcoin will go through another halving event.
Roughly every four years, the bitcoin rewards, the miners receive for successfully mining a block, are cut in half to control the blockchain's supply economics. This event is known as the halving and is often seen as a positive catalyst for the price of the digital currency as it reduces inflationary pressure on bitcoin. The next halving will be around April of 2024, followed by one in 2028.
Yusko’s bullish prediction hinges on using previous historical examples of how the price of bitcoin behaved after each halving event. "Every [Bitcoin] halving we’ve added a zero, and by next April I think we could go to $100,000,” he said.
➡️ Great listing of the CAT token!
Public price: $0.00138
Highest price: $0.00630 (+280%)
Current price: $0.00300 (+170%)
I do hope you were able to get an allocation on public round and earned some great profits!
🔥 I Don’t Trust in Music NFTs”: French Electronic Producer DJ Agoria
While some see music NFTs—unique digital assets that often have both musical and visual components—are the future of the music industry, opening up new opportunities for both artists and fans, DJ Agoria, a prominent French electronic producer, composer, and DJ isn't too keen on the hype.
“Since the beginning, I was saying that I don't trust in music NFTs, even if I'm a DJ, an artist, and a musician. We don’t want to make music NFTs mainstream, we want music NFTs to be rare, and the fact that we develop things that people desire or fight to get, excites me more,” DJ Agoria told Decrypt at this year's NFT Paris.
For him, it's about going beyond platforms like Spotify where "for $10, you can have any type of music at any time."
DJ Agoria started his career back in the 1990s when raves dotted clubs around Europe, and those vibes are still alive today, making him “really believe in the desire and the need to look for something more.”
🕯ARB reached another target, printed +23% profit so far!
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➡️Clay Nation to form a collaboration with The Sandbox
Clay Nation will be forming a collaboration with The Sandbox, which will be the first Cardano-oriented project on the platform and will come with a fresh lease of life for The Sandbox ecosystem. There will also be additions made to the overall volume of connected players in their favor. Incidentally, this is exactly a situation that The Sandbox had been looking forward to for a long time, and they are extremely pleased with the fortunate turn of events.
Clay Nation, on its own part, is a multi-faceted clay animation, as well as a digital collectible and metaverse-related project. Their entire aim and intention are to be able to build a progressive community that is into the utilization of Web3 for the purpose of bringing in further human interaction. This well-thought-out collaboration will open the doors for the initial phase of cross-chain PFP-avatar collection interoperability.
In turn, it will provide the opportunity for the owners of the Clay Nation Cardano NFTs to be able to use their own avatars in The Sandbox. The participants will find themselves in the position of being capable of creating wearables, as well as other creative products, through the gathering of in-game resources.
As per the understanding between the two entities, Clay Nation has forged an association with Smobler and is in the process of building the Sonic Sands exposure on its very own 2×2 land shortly. There will also be a social hub which will be used for staging concerts. The idea is to expand on the possibilities of scouring for music and collectibles like mushrooms, as well as crystals.
✔️FTX Paves the Way for Reviving Crypto Exchange, Benefitting Worldwide Customers.
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💸Crypto Investment Products Experience Robust $199 Million Inflows, Bitcoin Dominates with 94%.
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👀Bitcoin Shorts Lose $16M as BlackRock ETF Filing Sparks Bullish Outlook
Hopes surrounding a potential U.S. Bitcoin ETF filing by investment giant BlackRock spurred a slight change in market movements early on Friday, fueling a bullish outlook among some traders.
On Thursday, CoinDesk reported that BlackRock planned to offer a Bitcoin ETF with crypto exchange Coinbase serving as custodian. This was confirmed later after a filing showed the company’s iShares fund management unit filed paperwork for the formation of a spot bitcoin (BTC) ETF.
“An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CoinDesk. “BlackRock’s increasing engagement shows Bitcoin continues to be an asset of interest for some of the world’s largest financial institutions.”
Bitcoin quickly regained the $25,500 level early Friday, erasing losses from the past two days when it fell to as low as $24,860. The move provided some respite to major tokens such as Polygon Network’s MATIC and Cardano’s ADA, which jumped nominally to ease some losses from a two-day slide.
Dogecoin (DOGE) led gains among major tokens with a 4% move in the past 24 hours, with litecoin (LTC) gaining 3.3%.
As such, the market strength of bitcoin impacted shorts – or bets against – the asset with BTC-tracked futures seeing over $16 million in short liquidations in the past 24 hours. This figure was lesser-than-usual due to large declines in the past week, causing some traders to risk lesser capital than usual.
The U.S. Securities and Exchange Commission (SEC) has previously rejected other attempts by fund managers at listing a spot bitcoin ETF, including those from Grayscale, VanEck, and WisdomTree.
However, the stature of BlackRock could make it difficult for the SEC to reject this application – which some say could fuel an outsized bitcoin rally if approved.
🕯ETH/BTC!
The price has reached our second target level! Expecting some pump from there.
If there is some positive reaction, it makes sense to enter some altcoins with good setups!
⚡️Potential Presidential Candidate Ron DeSantis Stands Firm on Bitcoin, Reject CBDC.
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💲 Bitcoin's Long-Term Holders Stay Resilient Amidst Market Volatility.
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👥Did Bitcoin Price Crash to $25K Because of Fake SpaceX News?
The price of Bitcoin, the flagship cryptocurrency, experienced a sharp decrease, dropping 8% and falling below the $26,000 mark for the first time since June.
Some attribute the sudden plunge to a social media post by Bitcoin Magazine, which claimed that Elon Musk's SpaceX had sold all of its $373 million worth of Bitcoin. The post went viral, generating over 2.4 million views. However, subsequent clarifications have raised doubts about the accuracy of this claim.
The Wall Street Journal, cited as the source of the news, had in fact reported that SpaceX "wrote down the value of Bitcoin it owns" last year (as noted by a Community Note next to the post).
This means that the company had not recently offloaded its Bitcoin holdings, contrary to the narrative presented by Bitcoin Magazine.
The misleading information led to a wave of reactions, with social media users like Autism Capital accusing the magazine of spreading "FUD" (fear, uncertainty, doubt) and damaging its credibility.
⚡️SOL hit first target! Easy 26% profit with 3x lev!
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➡️BNB Chain-Based DEX Level Finance Votes on Transferring $200M to Treasury
The community of Level Finance, the decentralized crypto derivatives exchange, is voting on moving over $200 million of its native LVL tokens to its decentralized autonomous organization (DAOs) in a move that is expected to bolster value for token holders.
The proposal, which began on Thursday and is set to close on Friday, comes ahead of a protocol upgrade meant for mid-April.
“The entirety of the remaining ~$200m LVL [ex-team allocation] will be transferred to the DAO’s administration and fully owned by the Treasury,” the proposal read.
“Rewards, incentives, as well as all emissions will be made directly out of the DAO. Proposals and delegations of votes will be live, and the community (along with our new ecosystem partners), will collectively materialize the full potential of the project alongside our team,” it added.
At writing time, 100% of all voters were in favor of the move. Level’s native LVL tokens were nominally down – but may gain in the weeks ahead as newer incentives are created for token holders from the capital infusion.
Level allows users to trade financial derivatives, such as futures on bitcoin (BTC) and ether (ETH), with low slippage and cheap fees. It also offers high leverage of up to 30 times the initial collateral.
The protocol has seen immense growth despite launching in early January. Over $6 billion worth of tokens has been traded on Level in the past three months, with liquidity providers earning over $7 million in cumulative fees.
🔨BNB UPDATE
Despite the fact that CZ is trying his best to protect and reinforce BNB by announcing token burning and new project Neutron on the Binance Launchpad..
Binance Coin doesn't react positively. A descending triangle (bearish pattern) is still forming on the chart which is a sign of high sell pressure and weakness from the bulls' side.
Chances of breaking the $200 support are quite high. If it happens, we will see $180 in no time. Good SHORT opportunity.
👥OKX Wallet Integrates with Trait Sniper, Unlocking New NFT Frontiers
— Seamless Integration for NFT Adventures
The process to unlock the potential of Trait Sniper through the OKX Wallet is simple and user-friendly. To get started, users only need to download the OKX Wallet web extension, which is readily available as an add-on for popular browsers like Chrome and Firefox. From there, users can either create a new OKX Wallet or add an existing one to begin their NFT adventure. Once their wallet is set up, connecting OKX Wallet to Trait Sniper is done via the web extension, making the entire process seamless and hassle-free. The collaboration between the two platforms aims to offer users unparalleled access to a diverse range of NFT solutions.
OKX Wallet has been making waves in the crypto space, boasting an extensive suite of products to cater to both beginners and experienced crypto enthusiasts. As a universal crypto wallet, it supports over 3,000 cryptocurrencies and more than 60 networks. Additionally, OKX Wallet provides access to thousands of DApps and boasts a one-stop decentralized NFT Marketplace, eliminating the need for users to navigate between multiple platforms.
Recent news from OKX Wallet revealed that the platform is now open source, marking a significant step in fostering transparency and community collaboration within the crypto ecosystem. The global technology giant, OKX, continues to drive the future of Web3 by partnering with top brands and high-profile athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
The collaboration between OKX Wallet and Trait Sniper stands as a testament to the rapid evolution of the NFT market. By combining the expertise of both platforms, users can now access advanced analytics and robust trading capabilities, enhancing their NFT experience and empowering them to make more informed decisions in this dynamic and fast-growing sector.
⚡️MoneyGram launches non-custodial wallet linking crypto and fiat, featuring USDC.
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📊Trading volumes across crypto exchanges are at their lowest levels since 2020
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💸Top Analyst Says Bitcoin Is in Bull Market
Leading cryptocurrency analyst Ki Young Ju has asserted that Bitcoin is currently in a bull market cycle after the largest cryptocurrency finally surpassed $30,000.
In a recent tweet, the CryptoQuant head explained that the Bitcoin price-earnings ratio (PER), which is based on miner revenue, stands at 73, implying an attractive price point for miners to sell and indicating a bullish phase.
Ju's formula for calculating Bitcoin's PER involves dividing the cryptocurrency's price by the annual miner revenue over the total supply.
The current bullish phase, according to the expert, exhibits certain cyclic patterns within the cryptocurrency industry.
At press time, the Bitcoin price is trading approximately $30,019.91 with a slight upward trend observed over the past week. Its market cap is nearing the $600 billion mark.
— Upcoming options expiries
Adding complexity to the market scenario, recent data indicates that 31,000 Bitcoin options contracts are about to expire.
With a put-call ratio of 0.73 and a maximum pain point of $27,000, these contracts represent a notional value of $930 million.
Additionally, 180,000 Ethereum options are also nearing their expiry date, carrying a put-call ratio of 0.86, a maximum pain point of $1,750, and a notional value of $340 million.
👥 Buying some OGN here!
The price has broken through the bullish pennant resistance and testing one. Moreover, there is a strong horizontal support at $0.093 level.
🔼Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street.
He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday.
Furthermore, there has been a great deal of conjecture surrounding the possibility of the central bank cutting the federal funds rate multiple times throughout the year.
However, Wilson believes that investors who are expecting this outcome will ultimately be disappointed.
🟢 ETH/BTC NEW UPDATE
Unfortunately, the overall picture is not that good for Ethereum and all altcoins.
As you can see, at the moment the price is ready to test the broken ascending trend line, and…
If we see a negative reaction near this level, it will mean a continuation of the dump that we bring more bearishness on the Altcoin market.
🔨NFT Platform OneOf Acquires Blockchain Rewards Company Tap Network
Non-fungible token (NFT) platform OneOf has acquired blockchain rewards tool Tap Network to help large companies connect with their consumers in Web3. As a part of the launch, OneOf is launching the OnePlatform, a turnkey option for companies looking to expand into Web3 that combines elements of e-commerce, data and loyalty programs.
Tap Network, founded in 2018, allows consumers to redeem loyalty points or cryptocurrencies for real world products and services from major brands.
It has partnered with companies such as internet browser Brave, rideshare company Uber, entertainment firm Warner Music Group and more. Lin Dai, CEO and co-founder of OneOf, told CoinDesk that integrating Tap Network will help onboard more companies and customers into Web3 via e-commerce.
🗣️Crypto ETFs Set to Revolutionize Investment Landscape, Bernstein Analysts Says.
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