Posts

Showing posts with the label market cap

Ethereum: One Thing May Stand Between ETH and $3,000

Image
There is no denying that the cryptocurrency market has bounced back in a big way this week. After months of stagnation, macroeconomic conditions and geopolitical developments saw some optimism arise. Although Ethereum has been performing well, there is one thing that may stand between ETH and the coveted $3,000 mark. The asset has long been the second-largest cryptocurrency by market cap. Moreover, there were experts who discussed the cryptocurrencies poised to take a chance at overtaking Bitcoin. Yet, analysts have pointed to one key facet that may keep Ethereum from breaking through the critical level. Source: Watcher Guru Also Read: Ethereum: Analysts Explain Why ETH is en Route to Overtaking Bitcoin Ethereum to $3,000? Why One Thing May Stand In Its Way Since the arrival of US President Donald Trump, the digital asset sector has been on the up and up. Indeed, his return to the White House has brought with it the first pro-crypto administration in the country’s history. That is...

Monero adds $2 billion in market cap following hack

Image
Summary ⚈ Monero’s market cap surged by $2 billion following a suspicious hack-related rally. ⚈ Crypto investigator ZachXBT flagged a $330 million Bitcoin transfer linked to the hack. ⚈ Monero prices are expected to quickly fall back to pre-hack levels. Monero (XMR) has seen a sharp, sudden, and suspicious increase in both trading volume and price over the past 24 hours.  As of press time on April 28, XMR is changing hands at a price of $263.81, and is up 15.57% on the daily chart. However, the token reached an intraday high of $347.72, some 31.80% higher than current prices. XMR price 1-day chart. Source: Finbold The move to the upside was so significant that it even saw Monero reach a market capitalization of $6.23 billion, up from $4.21 billion before the sudden rally. Unfortunately for XMR bulls, the development seems to be the result of a hack, and likely won’t last. Crypto detective flags Monero hack ZachXBT, an on-chain investigat...

Crypto Analyst Predicts Rapid Rallies for Bitcoin, Says Stage Is Set for Altcoins To Dominate BTC

Image
A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines. Pseudonymous analyst TechDev tells his 516,300 followers on the social media platform X that Bitcoin and altcoins appear to be flashing a technical setup that preceded steep rallies during the 2017 and 2021 bull cycles. The trader shares a chart suggesting that Bitcoin looks poised to shatter the top boundary of its weekly Bollinger Bands as BTC recovers from a 2025 low of $76,000. The Bollinger Bands are a volatility indicator that can signal a bullish breakout if an asset breaches the upper band. At the same time, TechDev notes that the altcoin market appears to be flipping a former resistance level into support amid the correction. According to the analyst, the altcoin market also witnessed similar price action in the last two cycles before sparking a huge burst to the upside. “This has always been the set...

Ripple (XRP) Forecasted To Reach $5.40: Here's When

Image
Ripple’s native token XRP is the world’s third-biggest cryptocurrency boasting a market cap of $154 billion in 2025. Its 24-hour trading volume touched $3.3 billion on Friday attracting global investors into its fold. XRP is among the top-performing assets in the cryptocurrency market as it surged nearly 550% in the last three months. It went from a low of $0.50 in November to a high of $3.3 in January and is now trading at the $2.67 mark in February after facing correction. Also Read: Will GTA 6 Accept Crypto Payments? Despite the recent price jump, the leading altcoin failed to breach its all-time high of $3.40, which it reached in January 2018. It was short by over nine cents to reach the magic number. However, a new price prediction estimates that Ripple’s XRP could continue the upward trajectory in 2025 and 2026. Source: Coingecko The price prediction claims that Ripple’s XRP could climb above its ATH and reach a high of $3.4 in 2026. The latest forecast als...

Shiba Inu: How Soon Can SHIB Delete A Zero And Hit $0.0001?

Image
Shiba Inu (SHIB) has faced quite a correction over the last few weeks. The asset is down 1.7% in the daily charts and 30.1% over the previous month. Despite the dip, SHIB’s price has faced no changes in the weekly charts. The asset has also rallied 9.4% in the 14-day charts and nearly 62% since February 2024. Also Read: XRP Price Prediction: AI Sets Price For February 25, 2025 Source: CoinGecko Shiba Inu Stumbles Along With The Larger Market Source: Watcher Guru SHIB’s current predicament is likely due to the larger crypto market stagnating. Bitcoin (BTC) is struggling to regain the $100,000. The global crypto market cap has also fallen to $3.3 trillion. SHIB’s ranking has slipped to the 20th position among the top projects by market cap. Also Read: De-Dollarization and the Privacy Debate: The Geopolitical Push for CBDCs The market dip is likely due to macroeconomic factors. Investors may be weary of risky assets such as cryptocurrencies. Shiba Inu (SHIB), being a meme...

Nvidia (NVDA) to Hit $260B in AI Revenue: What it Means for the Stock

Image
There is no denying that the artificial intelligence (AI) market is still dominating Wall Street. The emerging technology has continued to drive increased demand and investment as consumers prepare for the next wave of advancements and products. That could benefit Nvidia (NVDA), as experts project it could see $260 billion in AI revenue in a growth trajectory that could propel the stock. Although AI has been a key driver of investment, there is no bigger AI stock than Nvidia. Throughout last year, the company had increased by as much as 170%. Moreover, that performance had many saying the AI chipmaker could be the first company to reach a $4 trillion market cap. Source: CNBC Also Read: Nvidia (NVDA) ‘Well Positioned’ as Earnings Near, Citi Says Nvidia Targets $260 Billion in AI Revenue as Stock Could Skyrocket In 2024, Nvidia dominated the stock market. It had become the most popular investment option in the most popular sector. Yet, it has thus far failed to live up to the hype it had...

Nvidia (NVDA): Why Stock May Get a Boost From META, Microsoft

Image
There is no shortage of geopolitical concerns within the US economy. As new US President Donald Trump’s tariff plan is beginning to set into motion, only uncertainty abounds. However, new information has indicated that Nvidia (NVDA) could see its stock get a boost from both META and Microsoft (MSFT). The leading AI chipmaker plummeted in the latter weeks of January. Indeed, the arrival of Chinese startup DeepSeek led to a massive sell-off that saw its shares fall 17% and its market cap lose $600 billion. Yet, there may be some good news for the stock that was largely expected to repeat its dominant 2024 performance this year. Source: CNBC Also Read: Nvidia: DeepSeek Sell-Off Led Retail Investors to Buy $920M in NVDA Nvidia Could Get Boost From META and Microsoft Following DeepSeek Fall Entering 2025, Nvidia looked like a sure bet. The company had skyrocketed more than 170% the year prior, and all signs pointed toward continued growth. AI demand had continued to reach an all-time h...

Nvidia: DeepSeek Sell-Off Led Retail Investors to Buy $920M in NVDA

Image
A situation that was driven by panicked Wall Street may have been an undeniable blessing for a host of investors. Indeed, Nvidia (NVDA) plummeted more than 17% to start the week due to the ongoing DeepSeek AI sell-off, and that led retail investors to buy a remarkable $920 million worth of the stock. The development showed that a plethora of investors bought the dip during the early-week crisis. Specifically, the arrival of an advanced and affordably created artificial intelligence language model from a Chinese startup led many to exit their positions. Ultimately, it cost Nvidia $600 billion in its market cap amid what was a record drop. Source: Fortune Also Read: Nvidia Planning Epic Comeback? Experts Say Stock Could Soar Nvidia DeepSeek Sell-Off Benefitted Retail Investors: Why Buying the Dip Could Pay Off The final week of January has certainly proved to be a tough one for Nvidia. The AI chipmaker struggled and has yet to regain its footing. Over the last 24 hours, the stock has dro...

$TRUMP Meme Coin Price Prediction – Can It Rebound From Its Current Dip?

Image
The Official Trump meme coin, currently priced at $29, has seen a sharp decline from its previous high of $75. Despite a current dip, the coin remains a topic of interest in the market. It’s also important to note that some early investors may still be in significant profit, as the coin’s market cap reached $5 billion within just five days of launch. Although the price is falling, there’s potential for a rebound. One potential factor to consider is the executive order signed by Donald Trump aiming to make America the global capital of crypto. This could positively impact the coin in the long run. Additionally, the coin has gained real-world utility, being accepted for bookings through Travala, a company that allows crypto payments for flights, hotels, and activities. This could lead to more selling as people cash out, but it may also help increase the coin’s value over time. $TRUMP Price Prediction The coin’s market cap is hovering around $5.85 billio...

Will the US Drive G20 Nations to Adopt Bitcoin Reserves?

Image
The cryptocurrency market got a brand new look this year with Donald Trump taking over the US government. The President seems to be getting things done just days after he was sworn in. More recently, Trump signed an executive order to create the Presidential Working Group on Digital Asset Markets. To further stoke suspicions about a possible Bitcoin reserve, the working committee will also assess the establishment of a strategic Bitcoin reserve. Amidst this, the community was highlighting how several countries may soon follow suit. Also Read: BNB Foundation Burns $1.16 Billion in Tokens: What It Means for Investors “Bitcoin Is A Better Form Of Money” Source: Watcher Guru Earlier today, Coinbase’s Brian Armstrong was seen underlining the possibility of G20 nations walking in the footsteps of the US to create a strategic Bitcoin reserve. Armstrong noted how Bitcoin’s market cap currently stands around $2 trillion. This accounts for about 11% of gold’s market ...

2 cryptocurrencies to reach a $10 billion market cap in Q1 2025

Image
Bitcoin (BTC) and the broader cryptocurrency market pulled back from their January 20 highs as the initial wave of optimism following President Donald Trump’s inauguration began to fade.  The global cryptocurrency market cap has slipped to $3.79 trillion, reflecting a 2% decline in the past 24 hours and signaling cooling investor enthusiasm.  Despite this retreat, a handful of cryptocurrencies are emerging as strong contenders, supported by fundamentals and market momentum, positioning them to potentially cross the $10 billion market cap in the first quarter of 2025. Picks for you Solana or Cardano? We asked AI which is a better buy now that 2025 started 2 hours ago MicroStrategy extends Bitcoin buying to 11th consecutive week as ...