Ethereum Price Forecast: Bullish Momentum Continues, Is $5,000 Within Reach? - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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But, after the bankruptcy, few in the team knew the exact number of wallets owned by FTX or where their private keys were located, per Wired. Companies that find themselves stuck in a situation with too much inventory need to cut as many costs as possible to prevent the business from going bankrupt. This cutting of costs normally results in employees getting laid off. Ethereum Price Forecast: Bullish Momentum Continues, Is $5,000 Within Reach?Recent events have proven once again how highly volatile the cryptocurrency market is. Bitcoin, the flagship cryptocurrency, recently experienced a significant price dip below $28,000, causing concern among traders. Meanwhile, the much-anticipated Ether exchange-traded funds (ETFs) failed to excite in their debut. On a more positive note, the presale of new player InQubeta ($QUBE) has exceeded all expectations by breaching the $3.5 million mark, making it a good candidate to become the best cryptocurrency to buy today. Let’s look at these key events that have shaped the market in recent weeks. Bitcoin: A Rocky JourneyWhile it’s still among the top 5 cryptocurrencies to buy, Bitcoin recently experienced a downward spiral, plunging below the $28,000 mark. Industry experts say that profit-taking and shifting-on-chain metrics may have been the culprit, derailing $BTC’s upward trend.Bitcoin has had a rollercoaster journey since its inception. In the past years, it has soared to remarkable heights, reaching an all-time high of nearly $68,000 in November 2021. But it has also suffered significant price drops.Historically, September is a tumultuous month for Bitcoin, having negative returns each year since 2016. This has led to the belief that this year would be no different, especially with $BTC creating a bearish death cross on its chart during that time - a first since 2022. Despite these negative sentiments, $BTC has actually managed to perform well this time around. In fact, it increased its value to more than $27,000 after the death cross formed on September 11. Bitcoin’s unexpected gain in a historically bearish month is welcome news. However, its characteristic volatility remains. Recently, $BTC valuation had dropped to under $28K after breaching this level on October 2 and 3. Since then, it has yet to climb back up to this mark.Industry experts remain optimistic, knowing Bitcoin’s history. It’s still a good crypto to buy as it is known to rebound and set new records after experiencing challenging months. Many long-term Bitcoin holders, and even beginner cryptocurrency traders, remain confident in its potential to serve as a shield against inflation and a store of value in the digital age.Ether ETFs: Failed to Impress on DebutEther, the native cryptocurrency of the Ethereum blockchain, is the second-largest cryptocurrency by market capitalization. It has seen tremendous growth in recent years and continues to be one of the best coins to invest in. Ether futures ETFs invest in futures contracts using Ether as the underlying security, instead of directly investing in Ether itself.Ether ETFs are designed to track the price of Ether, allowing traditional investors to gain exposure to the cryptocurrency market without directly holding digital assets. Eagerly anticipated by investors, these could potentially bring more institutional capital into the Ethereum ecosystem. The first of the Ether futures ETFs recently started trading in the beginning of the month, and the people behind the project say more similar products are expected to launch soon. However, Ether futures ETFs faced a value decline and limited volume activity in their debut. The VanEck Ethereum Strategy ETF (EFUT), Bitwise Ethereum Strategy ETF (AETH), and ProShares Ether Strategy ETF (EETH) were all trading lower than expected.InQubeta ($QUBE) Presale: Surpassing ExpectationsInQubeta ($QUBE), one of the new DeFi projects in the market, has made headlines with its presale event, smashing through the $3.5 million mark. Currently at stage 4, the platform’s native $QUBE token is currently offered at a price of 0.0133 USD, which is easily accessible to a lot of potential investors. This amount will increase as the event moves forward, and the $QUBE altcoin price is expected to surge upon the platform’s launch and in the months to come.Raising more than $3.5 million and selling over 380 million $QUBE tokens, InQubeta’s impressive presale performance shows the heightened interest and confidence in the platform’s vision to democratize AI startup investments. Another proof of the project’s popularity is its growing community on various social media channels, such as Twitter.More About InQubeta ($QUBE)InQubeta ($QUBE) leverages the use of the Ethereum blockchain to create a transparent and democratic fractional investment ecosystem that connects AI startups and investors. It provides investors with an easy way to invest in promising AI projects and enjoy the benefits as these projects grow. The platform bypasses the common barriers associated with mainstream firms like high minimum investment requirements which only high-net-worth individuals or institutions can meet. It also allows AI startups to obtain funding from various investors more easily and efficiently through its decentralized crowd-funding mechanism and NFT marketplace. Startups can mint investment-ready NFTs which will be listed on the marketplace and made available for sale to $QUBE token holders. These NFTs can work like stocks which represent equity in the startup project, or they can represent rewards that investors can claim as the project progresses.InQubeta ($QUBE) is poised to become the best crypto to invest in now because of its innovative approach to artificial intelligence (AI) and blockchain technology. With its early success, it has become one of the best cryptocurrency investments for traders looking to diversify their 2023 portfolios.ConclusionThe recent developments in the crypto space - including Bitcoin's price dip, the lackluster debut of Ether ETFs, and the presale success of InQubeta ($QUBE) - show the dynamic nature of the industry. Bitcoin's price volatility is a reminder of the challenges and opportunities in this ever-evolving market, while the launch of Ether ETFs, albeit underwhelming, signals the growing interest of traditional finance in cryptocurrencies.InQubeta's impressive presale is a testament to the crypto community’s interest in new DeFi projects that offer unique opportunities to investors. It’s the best crypto to invest in now for traders looking to participate in the growing AI market and reap the benefits of being an early backer of a promising project.Visit InQubeta Presale Join The InQubeta CommunitiesCrypto Community in Israel Unites to Launch 'Crypto Aid Israel' for Displaced Citizens Speaking of which, another BNB burn is coming in a few days!”

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Ethereum prices might be stagnant at spot rates, weaving around the $1,540 and $1,560 zone, looking at technical charts. However, amid this period of consolidation and holders worrying about Ethereum’s prospects, Kaiko notes that the coin’s open interest has been gradually rising since September 2023. FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts 14 Best Cryptocurrency Brokers in June 2023 ? ...“5K letter” refers to a motion filed by the government under Section 5K1.1 of the U.S. Sentencing Guidelines, which is the policy statement on “substantial assistance to authorities.” It allows the government to make “the appropriate reduction” to a sentence in consideration for a variety of forms of cooperation. Unlike zero-knowledge (ZK) technology, Fairblock is designed so that information is only encrypted or decrypted under certain conditions.

This is a guest post by Jeroen van Lang. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.DYdX founder touts ‘tailor-made’ decentralized derivatives market And non-Chinese residents can also use QR codes from Alipay and UnionPay to make payments in Mainland China “through some overseas wallets.” Multichain DEXs are on the rise with new protocols enabling themAccording to the data, Germany and Switzerland were the biggest countries contributing to the inflow rise, posting $37.3 million and $31.3 million in inflows, respectively. Together, these countries accounted for 88% of all crypto asset products inflow last week. Digital asset investment products continued to see significant inflows in the past week, reaching the highest volume levels since July 2023, according to a new report.Crypto investment products saw inflows for the second consecutive week, totaling $78 million, crypto asset management firm CoinShares reported in its weekly analysis report on Oct. 9.According to CoinShares, the volumes of crypto exchange-traded products (ETPs) also surged by 37% last week, reaching $1.1 billion. Bitcoin (BTC) volumes rose 16% on trusted exchanges, the report notes.Solana (SOL) — the eighth largest cryptocurrency by market capitalization — has continued to assert itself as the “altcoin of choice” as its weekly inflows reached the highest level since March 2022. At the time of writing, the cryptocurrency is up around 14% over the past 30 days but is still down about 32% over the past year, according to data from CoinGecko.Solana one-year price chart. Source: CoinGeckoDespite significant general growth in crypto product inflows, some major crypto investment products have seen more muted movements. United States Ethereum futures exchange-traded funds (ETFs) — which debuted trading on Oct. 2 — attracted only around $10 million in the first week, highlighting “tepid appetite,” CoinShares stated.Related: Bitcoin drives digital asset product inflows for the first time in 6 weeks: ReportIn addition to asset-wise analysis, CoinShares also reported that 90% of all crypto asset inflows came from Europe, while the U.S. and Canada saw just $9 million of inflows combined.Crypto flows by country of exchange. Source: CoinSharesAccording to the data, Germany and Switzerland were the biggest countries contributing to the inflow rise, posting $37.3 million and $31.3 million in inflows, respectively. Together, the two countries accounted for 88% of all crypto asset products inflow last week.The news comes as CoinShares works to expand its operations in the U.S., introducing its first offerings in the country in September 2023. The company is confident that the U.S. is a global leader in digital asset development and regulation.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis

Stablecoins have endured an 18-month-long decline, with their market cap shrinking by 35% since May 2022, as reported by DefiLlama. During this period, the sector has had to deal with increased regulatory uncertainty and scrutiny from regulators globally. Cons of CBDC Bitcoin will hit $200K in 5 years, predicts a superstar Apollo ...Illuvium features NFTs representing various battle items, skins, collectibles, emotes, and more, enhancing the gaming experience. BCH Miners Reserves Drops Below 6M For The First Time Since 2018

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