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The chief executive of a prominent crypto analytics firm believes that the Bitcoin ( BTC ) bull market has enough fuel to witness more rallies. CryptoQuant CEO Ki Young Ju tells his 401,300 followers on the social media platform X that demand for Bitcoin spot market exchange-traded funds (ETFs) is still going strong, indicating that deep-pocketed investors are positioning for more BTC rallies. Ki notes that he thinks BTC will print a market cycle top once demand for Bitcoin ETFs tapers off. “The Bitcoin bull cycle isn’t over. The buying engine for paper Bitcoins is still running. In 2021, the downturn came two months after GBTC (Grayscale Bitcoin Trust) inflows dried up. No need to rush calling the cyclical top until ETFs, MSTR (MicroStrategy), and institutional buying slow down.” Source: Ki Young Ju/X At time of writing, Bitcoin is trading for $99,669. Turning to altcoins, Ki believes that investors will see alts in a different light in five years. According to the analyst, most altcoins will stop serving as speculative assets as he believes investors will value them based on their earnings – much like how they value stocks. “The era of altcoins existing solely as a measure of internet attention span will be over within five years. Meme coins will persist as gambling products… Beyond those, altcoins that are actually building will evolve into employment contracts for internet knowledge workers. It is undeniable future that these altcoins will evolve into an internet economic framework that enables compensation for the value generated in the processes of information creation, distribution, and acquisition.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post CryptoQuant CEO Ki Young Ju Says Bitcoin Bull Market Isn’t Over, Reveals Five-Year Forecast for Altcoins appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
TRUMP Token Faces Price Dip as Market Reacts to Social Media Buzz
TRUMP token`s price has dropped below $20 due to market reactions. Trading volume surged as traders showed selling tendencies. Continue Reading: TRUMP Token Faces Price Dip as Market Reacts to Social Media Buzz The post TRUMP Token Faces Price Dip as Market Reacts to Social Media Buzz appeared first on COINTURK NEWS . The Daily Hodl
Cardano Price Analysis: Will ADA Fall to $0.6 After 11% Weekly Drop?
Cardano’s price has been correcting gradually over the last few months after a significant rally in November. Yet, there are multiple strong support levels available to push the price higher in the coming weeks. By Edris Derakhshi (TradingRage) The USDT Paired Chart Looking at the USDT-paired chart, the asset has been trapped inside a large falling wedge pattern below the $1.3 resistance level. Currently, the market is dropping toward the lower boundary of the pattern and the $0.8 support zone, which could result in a bullish rebound. Yet, even if these levels get broken to the downside, the 200-day moving average, located around the $0.6 mark, will likely prevent the price from dropping lower in the short term. The BTC Paired Chart Looking at the ADA/BTC chart, the former has been consolidating between the 1,300 SAT and the 900 SAT levels over the past months. Currently, the market is testing the 900 SAT support zone and is likely to break it to the downside, with the momentum being bearish. In this case, a deeper decline toward the 200-day moving average, located around the 750 SAT mark, could be expected in the upcoming weeks. The post Cardano Price Analysis: Will ADA Fall to $0.6 After 11% Weekly Drop? appeared first on CryptoPotato . The Daily Hodl
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Trump`s Tariffs Caused a Correction in the Bitcoin Market
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