The Benchmark Company analyst Mark Plamer expects Bitcoin’s price to hit $150,000 by the end of 2025. Palmer’s comments came via an April 8 investor note, in which he raised his price target for MicroStrategy (MSTR) to $1,875, almost doubling from his previous target of $990. Palmer’s optimism about MSTR is based on the company’s Bitcoin holdings. The analyst expects the flagship cryptocurrency to hit a price of “$150,000 by 2025.” He noted that MicroStrategy’s massive Bitcoin holdings will greatly benefit from the upcoming halving event, as the supply of Bitcoin will be reduced to half. The $150,000 price target for Bitcoin…
Author: Web3 Daily Press Staff
Dispatch from Paris Blockchain WeekStablecoin giant elbowed its way into Bitcoin mining with plants in Latin America.’We are first focusing on building renewable energy stations,’ Ardoino told DL News.Tether is taking advantage of concentration of the sector in the US.In a move that may shake up the global Bitcoin mining industry, Tether CEO Paolo Ardoino said the stablecoin issuer’s $500 million buildout in the sector is nearly complete.Speaking with DL News on the sidelines of the Paris Blockchain Week, Ardoino said the capital investment has financed construction of mining facilities and energy stations in Uruguay, Paraguay, and El Salvador.“In El…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the diverse world of cryptocurrency investments, Litecoin (LTC), Algotech (ALGT), and Solana (SOL) stand out as prime candidates for passive investment, offering opportunities for growth. With new projects popping up all the time, the cryptocurrency market offers a wide range of investing opportunities. However, navigating this shifting market can be intimidating for many investors. Investment opportunities that involve passive holding of tokens for future growth without active management sound more appealing. This article examines Litecoin (LTC), Algotech (ALGT),…
Arman Shirinyan Shiba Inu might start moving up again after this dynamic support level catches up Read U.TODAY on Google News A possible boost for Shiba Inu’s price could happen around April 17, according to what we see on the charts. Around that time, the 50-day Exponential Moving Average (EMA) might meet up with the current price of SHIB. If this happens, it could mean good news for SHIB’s price, giving it a price zone to rely on when moving upwards.Moving averages act as local support levels for prices; they usually represent dynamic support levels and provide thresholds where investors…
Cryptocurrency prices drifted upwards this week as the countdown to the halving event continued. Bitcoin surged above $71,000 as investors attempted to push above the symmetrical triangle pattern that has formed recently. Other tokens like EOS, VeChain, and JasmyCoin also rose while the crypto fear and greed index moved to the greed zone of 79.Cryptocurrencies face two main risks in the short term. First, there are signs that the Federal Reserve will not cut interest rates as soon as expected after all. Besides, the US economy is doing well, with the labor market being tight. The unemployment rate retreated to…
Tether mints another batch of USDT stablecoins, issuing two billion in two days. Lookonchain experts note that Tether, the issuer of the USDT stablecoin, has authorized the issuance of another billion coins on the Tron blockchain. The new release of 1 billion USDT occurred just two days after a similar release on April 2. At the time of writing, Tether had not commented on the release of the next batch of USDT. Current data from CoinMarketCap shows that USDT has a capitalization of $106.2 billion. The DefiLlama dashboard also shows USDT’s market dominance, which is 69.2% of the total market…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. March heralded a resurgence in the cryptocurrency market, highlighted by a significant surge in spot Bitcoin ETF volumes, Polkadot’s strategic advancements, and the rise of Borroe Finance (ROE) as a novel challenger to Monero. March was not just another month in the crypto universe—it was a whirlwind of highs, innovations, and bullish trends that have left the community buzzing. From the soaring volumes of spot Bitcoin ETFs to Polkadot’s strategic rise and the emergence of Borroe Finance (ROE), a…
Non-fungible tokens, or NFTs, have experienced massive popularity in 2021, so it’s unlikely that you haven’t heard of them until now. There have been different factors that led to the explosive growth of this incredible technology, with cryptocurrencies like Bitcoin and Ethereum playing a massive role in it. Historically, the bitcoin price chart has shown both an upward and a downward trend, but there’s no doubt that Bitcoin has attracted the attention of many. As a result, technologies like NFTs have also raised interest, especially among artists. In the music industry, NFTs emerged as a game changer, opening the door…
Cryptocurrency prices are on the edge as traders continue watching for the upcoming Bitcoin halving event and as hopes of a Federal Reserve rate cut fade.Technically, Bitcoin is nearing the confluence of the symmetrical triangle pattern, which could lead to more upside in the near term. Some analysts see the coin jumping to the key resistance at $80,000 in the near term. This article looks at the key levels to watch on IOTA, Hedera Hashgraph (HBAR), and Ripple (XRP).IOTA price forecastIOTA token bottomed at $0.2867 last week and has now rebounded to $0.3220, its highest swing on April 1st. Looking…
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $71,000 mark early Tuesday, inching closer to its all-time high of $73,000. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 79 (Greed) out of 100, as per CoinMarketCap data. The NEO token emerged as the biggest gainer of the lot, with a 24-hour jump of over 36 percent. Bitcoin Cash (BCH) became the biggest loser, with a…