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Showing posts from June, 2024

Buy alert: 2 Blockchain stocks with ‘strong buy’ ratings for July 2024

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Blockchain technology is rapidly transforming industries far beyond cryptocurrencies, offering unparalleled transparency, security, and efficiency. This innovation has made blockchain stocks—shares in companies that develop or integrate blockchain technology—highly attractive to savvy investors. Numerous companies leverage blockchain to enhance their operations, deliver cutting-edge services, or spearhead advancements in the cryptocurrency sector. While some companies are dedicated entirely to blockchain and cryptocurrency innovation, others integrate blockchain to bolster their existing, successful enterprises. Recognizing this dynamic potential, Finbold has pinpointed two standout stocks with strong buy ratings, promising to add significant value to any investment portfolio through exposure to distributed ledger technologies Picks for you

CleanSpark Acquires GRIID in $155M Deal for 400MW Boost

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Source: CleanSpark (X) CleanSpark , a prominent player in the Bitcoin mining industry, has announced a significant acquisition of GRIID Infrastructure . This strategic move, valued at $155 million, is set to significantly bolster CleanSpark’s capacity and strengthen its foothold in the rapidly evolving cryptocurrency mining landscape. The acquisition, structured as an all-stock transaction, will see CleanSpark assume GRIID’s outstanding debt and integrate its substantial infrastructure, particularly in Tennessee. A Strategic Merger with High Stakes Welcome @griid to the team #Bitcoin https://t.co/E1Kex5gS2G — Taylor Monnig (@taylorbmonnig) June 27, 2024 Announced on June 27, 2024, the CleanSpark-GRIID merger is a meticulously planned move designed to enhance CleanSpark’s mining capabilities by leveraging GRIID’s established infrastructure and strategic locations. According to the agreement, GRIID shareholders will receive shares of CleanSpark common stock calcu

Is The Bitcoin Price Correction Over? Here’s The Support Level To Watch

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The Bitcoin price suffered significant bearish pressure over the past week, dragging down alongside it a large portion of the general crypto market. The premier cryptocurrency tumbled as low as $59,500 at some point in the week — its lowest in nearly two months. While investors will be hoping that the worst is over, it is difficult to determine whether BTC is ready to resume its bullish run. In any case, a prominent crypto intelligence firm has identified a price level critical to the future trajectory of the Bitcoin price. $56,000 The Ultimate Support Level For Bitcoin: CryptoQuant In a recent report, the blockchain analytics platform CryptoQuant put forward an interesting prognosis for the price of Bitcoin over the coming days. According to the firm, the $56,000 price level is an important level to the future performance of the premier cryptocurrency.

3 cryptocurrencies to turn $100 into $1,000 for end of 2024

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In recent months, the crypto market has assumed an aura of frustration – if not outright despair – for those investors seeking to take advantage of cryptocurrencies ’ tendency to rapidly multiply their value during bull cycles. Crypto greats such as Bitcoin (BTC) and Ethereum (ETH) have been mostly stagnant but also featured significant price drops – such as the ones they are experiencing at the time of publication – while even the meme coin ‘fiesta’ is said to be near its end. Despite the recent trends – and despite some believing the crypto bull market may already be at its end – there are still many who believe that the June downturn is but a quiet period in a cycle that will soon reignite and take numerous digital assets to ever higher highs. Picks for you ChatGPT 4-o predicts Solana price amid ETF forecast for 2025

Zeebu (ZBU) Eyes Price Rally as Major Metrics Go Bullish

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Zeebu, a leading Web3 Payments and Settlement Platform tailored for the telecom industry, is poised for a significant price rally. The platform is showing strong signs of growth and market dominance. With its settlement volume approaching a significant milestone, the platform's native token ZBU may be poised for a price rally. Settlement Volume Nears $3 Billion Mark One of the most impressive metrics for Zeebu is its current settlement volume, which stands at $2.78 billion. This figure is rapidly approaching the $3 billion mark, a reflection of the platform's growing adoption and utilization within the telecom industry. Zeebu has successfully positioned itself as a formidable alternative to traditional payment institutions in the telecom carrier segment. By bringing inter-carrier settlements on-chain, the platform offers a more efficient, transparent, and cost-effective solution for telecom companies worldwide. The platform is experiencing a surge in user adoption, with

Pepe Price Soars 11% In A Week As Bluntz Sees A Big Rally, But Investors Flock To This Layer-2 PEPE Derivative With A 2,134% APY

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The Pepe price has soared more than 11% over the past 7 days following a 2% drop in the past 24 hours to trade at $0.00001268 as of 12:00 a.m. EST. Despite the positive weekly performance, the PEPE price is still deeply in the red zone over the past month with a 20% slump. Still, crypto analyst Bluntz told his 263.5k followers on X that Pepe is primed for a rally. Liking $pepe here, can see a nice 5 wave rise and abc back down done. one of the few alts to actually not get smoked and make new lows in yesterday/todays carnage. pic.twitter.com/3LB1EHOjPh — Bluntz (@Bluntz_Capital) June 24, 2024 He sees PEPE embarking on a five-wave rise that would see it surge some 14% to $0.0000145. The Pepe Price Starts To Consolidate 4-hour chart for PEPE/USD (Source: GeckoTerminal ) The Pepe price entered a consolidation phase between $0.00001179 and $0.00001364 over the past 24 hours. This period of sideways trading might be the precursor to a big move. If bulls decide to pick up PEPE

FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

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FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022.  The decision by Judge John Dorsey marks a significant step forward in the two-year-long bankruptcy proceedings, as voting by creditors plays a pivotal role in restructuring efforts. While FTX’s plan has gained support from key customer committees, a vocal group remains opposed and demands substantial revisions. FTX Offers Customers 119% Asset Recovery According to Bloomberg, under the proposed plan, most FTX customers are expected to recover 119% of their assets as of the day the company filed for Chapter 11 in November 2022. Other creditors may receive up to 143% of their owed amounts.  FTX’s legal team maintains that b

Crypto Fear and Greed Index hits 30, lowest level in 18 months

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Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30. This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months. The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin ( BTC ) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years. While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year. Crypto Fear & Greed Index drop to 30 As Bitcoin price slipped below $60,000 on Monday, June 24, the index score nosedived more than 20 points to drop into the “fear” zone. The decline means the Bitcoin Fear & Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry’s most shocking collapse so far – the implo

The Most Lucrative Cryptos of the Year

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This year, certain cryptocurrencies have significantly outperformed others, drawing attention from both seasoned investors and newcomers. These tokens have demonstrated resilience in volatile markets and remarkable profitability, making them the most lucrative investments in the digital currency landscape. Their success can be attributed to a combination of strong community support, innovative technological developments, and strategic market positioning. PawFury(PAW): Golden Prospect PawFury(PAW) stands out as a golden prospect with its innovative approach to blockchain technology and strong presale performance. It has raised $3.614 million. The initial offering price of $0.01001 and the projected increase to $0.027 reflect its substantial growth trajectory, appealing to those seeking to diversify their investment portfolios with a high-potential cryptocurrency. Dogecoin (DOGE) Dogecoin has consistently been a popular choice among investors due to its viral nature and the ro

Bitcoin Price Prediction: Michael Saylor Predicts BTC Will Reach $10 Million As This Innovative Learn To Earn Presale Charges Towards $3 Million

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The Bitcoin price fell 2.3% in the past 24 hours to trade for $62,832 as of 00:55 a.m. EST on trading volume that jumped 60%. CoinGlass data indicates that in the past 24 hours, 50,185 traders were liquidated with total liquidations of $105.65 million. #Bitcoin liquidation levels. Star Wars candle incoming? pic.twitter.com/FBZvWXMWIE — Tyler (@TylerDurden) June 23, 2024 According to MartyParty, a trader, analyst, and the host of Crypto Traders Club, the liquidation heat map says, “$60,400 would be max pain for longs.” For the layperson, max pain in crypto trading refers to the price at which the maximum number of options holders will experience the most financial loss. As regards the liquidation heat map, this fundamental shows the distribution of leveraged positions that have been liquidated across different price levels. Liquidation Heatmap saying $60400 would be max pain for longs. Liquidation Levels saying $61800. pic.twitter.com/8aKkcQnUYl — MartyParty (@martypartymusi

Asia's weekly TOP10 crypto news (Jun 17 to Jun 23)

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1. Hong Kong Regulatory News This Week 1.1 Tiger Securities Announces Opening of Virtual Currency Trading to Hong Kong Retail Investors link On June 17th, Tiger Brokers announced that following its earlier launch of virtual asset trading services for professional investors in Hong Kong, it has now obtained approval from the Hong Kong Securities and Futures Commission to upgrade its license, officially expanding these services to retail investors in Hong Kong. Currently, all retail investors in Hong Kong can use Tiger Brokers’ flagship platform, Tiger Trade, for comprehensive one-stop trading services. This includes Bitcoin and Ethereum, as well as various global assets such as stocks, options, futures, US Treasury bonds, and funds. 1.2 Hong Kong Court Rules Conviction of Wong Ming-chung for Providing Unlicensed Investment Advice on TG link On June 21st, the Eastern Magistrates’ Court in Hong Kong ruled in a case brought by the Securities and Futures Commission (SFC) that Wong Ming Chun