Vanguard rejects Spot Bitcoin ETFs, citing weak investment cases and volatility concerns. Clients express frustration, initiating a response rally on social media. In a surprising turn of events, Vanguard, the $7.7 trillion asset management giant, has announced that it will not be participating in the newly approved Spot Bitcoin ETFs, diverging from the trend set by other major firms. The decision comes on the heels of the US Securities and Exchange Commission’s (SEC) landmark approval of 11 Spot Bitcoin ETFs, a move that has generated significant excitement in the digital asset industry. Even before the SEC’s approval yesterday, Vanguard had made its stance clear, stating that it had no intention of offering a spot Bitcoin ETF or any other crypto-related products. The firm went further, labeling the investment case for digital assets as “weak.” This decision stands out as the SEC reversed a decade-long trend of denying similar investment products. Why? Interestingly, Vanguard’s reluctance extends beyond just verbal opposition. Numerous reports indicate that the asset management giant is actively blocking its clients from trading the newly approved Bitcoin investment products on its platform. This move is in stark contrast to other major players in the industry, such as BlackRock and Fidelity, who have embraced the Spot Bitcoin ETFs. The SEC‘s approval triggered a rush of trading activities on Thursday morning, with the first hour alone witnessing trading volumes surpassing 1.7 billion. However, Vanguard’s skepticism about the asset class seems unshaken. Vanguard’s spokesperson emphasized that most crypto assets lack intrinsic economic value and do not generate cash flows. Moreover, the high volatility associated with cryptocurrencies is deemed inconsistent with Vanguard’s overarching goal of helping investors generate positive real returns over the long term. Meanwhile, Industry experts are predicting significant inflows into Spot Bitcoin ETFs, with BlackRock potentially breaking records by attracting $2 billion in inflows on the first trading day. Response In response to Vanguard’s decision to abstain from participating in the newly approved Spot Bitcoin ETFs, clients have expressed their discontent. One client initiated a response rally, commenting, “I have a retirement account in Vanguard.” This sentiment reflects the frustration and disappointment felt by some investors who were hoping for exposure to the emerging digital asset class through Vanguard’s platform. The divergence from industry trends, coupled with the SEC’s approval opening new avenues for investment, has sparked conversations among Vanguard’s clientele its approach to cryptocurrencies. It remains to be seen how this dissenting sentiment may impact Vanguard’s standing in the rapidly evolving landscape of digital asset investments.

Imagine becoming a millionaire by 2025. Sounds like a dream, right? But with Retik Finance, this could become your reality. By investing just $1000 in Retik Finance’s native token, RETIK, currently priced at $0.07, you could be on your way to joining the millionaire club in just a few years. But what makes Retik Finance capable of pulling off such a massive price return? Read on as we delve deeper into this DeFi project! Retik Finance (RETIK): A Rising Star in DeFi Retik Finance is a DeFi ecosystem that provides various financial tools and services, including DeFi debit cards, smart payment gateways, P2P lending, and a secure wallet. It aims to redefine how people conduct financial transactions in the digital age, bridging the gap between the crypto realm and real-life utility. Importance of DeFi Debit Cards One of the most innovative features of Retik Finance is its DeFi debit cards, which offer users unprecedented rewards and financial freedom. Retik DeFi debit cards allow users to conduct anonymous transactions without needing KYC procedures, prioritizing user privacy and security.Retik DeFi debit cards are also perfect for daily transactions, online and offline, from shopping to dining. Users can use them across borders, whether at a local store or traveling abroad. They can also withdraw cash at ATMs anywhere in the world and enjoy complimentary airport lounge access.Moreover, Retik DeFi debit cards offer a tier system that rewards users with increasing cashback benefits with every use. Silver cardholders receive 2.5% cashback, while Gold offers 3.75% and Diamond leads with 5%. Value Addition through Retik Pay Another key feature of Retik Finance is its smart payment gateway, Retik Pay, which enables online businesses to accept cryptocurrencies as a payment option for their customers seamlessly. Retik Pay is a simple, secure solution that integrates with any ecommerce platform and supports multiple blockchains. Retik Pay not only expands the payment options for online businesses. It also enhances the customer experience by providing swift and efficient transactions, reducing the risk of fraud and chargebacks, and lowering transaction fees. Benefits of Retik Wallet Retik Finance also provides a non-custodial wallet, Retik Wallet, which gives users full control over their assets. Retik Wallet is a multi-chain wallet that pools liquidity from multiple DEXs for bigger profit opportunities. Users can easily store, send, and receive cryptocurrencies with Retik Wallet and access other DeFi services such as swapping, lending, and trading. Retik Wallet also features a swap aggregator. This feature lets users find the best rates across decentralized exchanges (DEXes) by instantly comparing quotes and fees. Users can also use long and put options directly from the app. Therefore, it simplifies their trading experience across different assets. Retik Wallet also leverages artificial intelligence to provide users with the best and most profitable lending solutions. Users can borrow and lend cryptocurrencies with Retik Wallet and also use the powerful AI tool to analyze their lending options. RETIK Presale: A Testament to Investor Confidence Retik Finance is currently in its presale phase, which means that investors can buy RETIK tokens at a low price before they launch on traditional cryptocurrency exchanges or DeFi platforms. The presale consists of 10 stages, each with a different price and allocation. The current stage is stage 5, with a price of $0.07 per RETIK token and an allocation of 45 million tokens. The presale has been an enormous success, with over $7 million raised. This shows investors’ high demand and confidence in Retik Finance and its vision. Investors recognize the potential and value of Retik Finance, as it offers a comprehensive and innovative DeFi solution that caters to the needs and preferences of the modern user. Conclusion Retik Finance is a rising star in the DeFi space, offering a unique and comprehensive platform that provides financial tools and services that are accessible, secure, rewarding, and convenient. Retik Finance is powered by its native token, RETIK, which is currently in its presale phase. It offers investors a golden opportunity to buy RETIK tokens at a low price and become part of a revolutionary platform. Retik Finance is also generous and grateful to its community, hosting a huge $333,000 giveaway and forgoing VC funding. This move ensures everyone has a fair chance to join the Retik Finance ecosystem. Retik Finance is not just a DeFi platform but a movement that aims to redefine how people conduct financial transactions in the digital age.Don’t miss this chance to bag $1000 worth of RETIK tokens now at $0.07, as they could make you a millionaire in 2025. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

In the ever-evolving world of cryptocurrencies, investors are often on the lookout for opportunities that promise substantial returns on investment (ROI). While the crypto market is known for its volatility, it also presents the potential for remarkable gains. Here are three tokens that have the potential to provide a 2000% ROI in 2024, with Retik Finance (RETIK) leading the pack. 1.Retik Finance (RETIK): The DeFi Revolution At the forefront of the crypto revolution stands Retik Finance (RETIK), a project that has been gaining significant attention in recent times. Retik Finance’s innovative approach to decentralised finance (DeFi) sets it apart from the crowd. With a focus on real-life utility, Retik Finance aims to bridge the gap between the crypto realm and everyday transactions. One of the most exciting aspects of Retik Finance is its ongoing presale event. At the time of writing, Retik Presale Stage 5 is in progress, offering an opportunity to acquire RETIK tokens at an enticing rate of $0.070 per token. The presale has already reached a remarkable 80.43% fill rate, with $7,165,223 raised out of the targeted $9,550,000 USDT. With 140,751,178 tokens already sold out of the intended 175,000,000 tokens, Retik Finance is steadily progressing toward its goals. The appeal of Retik Finance lies not only in its presale but also in its comprehensive DeFi ecosystem. It includes DeFi debit cards, a smart crypto payment gateway, AI-powered peer-to-peer (P2P) lending, and a multi-chain non-custodial highly secured DeFi wallet. These features offer practical utility for users, making Retik Finance a project to watch in 2024. 2.Tron (TRX): Addressing Ethereum’s Drawbacks Tron (TRX) is another cryptocurrency project with the potential for substantial ROI. Tron began as an Ethereum-based project but later transitioned to its own native blockchain. This move aimed to address some of Ethereum’s limitations, such as high transaction fees and limited scalability. Tron operates on a proof-of-stake (PoS) consensus algorithm, allowing token holders to participate in network validation in exchange for crypto rewards. Investors can also join staking pools as delegators or stake their TRX to earn interest for network participation. What sets Tron apart is its developer-friendly approach. Tron aims to enable developers to use high-level programming languages for smart contracts, providing flexibility for future development. This open software architecture opens doors for developers to build on top of the Tron blockchain using their preferred programming languages. 3.Ripple (XRP): Revolutionising Cross-Border Payments For investors seeking promising tokens priced under $1, Ripple (XRP) often comes into the spotlight. Ripple operates a payment protocol powered by blockchain technology, making it a strong contender in the world of cross-border payments. Ripple has formed partnerships with numerous financial institutions that utilise its technology for efficient international money transfers.Ripple offers several advantages, including minimal transaction costs and lightning-fast processing times. Banks can leverage RippleNet to conduct quick, cost-effective, and practical cross-border transactions. Ripple’s speed, with transactions settling in approximately four seconds, sets it apart from traditional systems like SWIFT. As of writing, XRP boasts a market capitalization of over $30.9 billion, making it a notable player in the crypto market. Its utility in cross-border transactions positions it as a cryptocurrency to watch, especially in times of market volatility. The Potential for Remarkable Gains While investing in cryptocurrencies involves inherent risks, these three tokens—Retik Finance (RETIK), Tron (TRX), and Ripple (XRP)—have compelling narratives and unique features that set them apart. With the potential for 2000% ROI in 2024, investors seeking opportunities in the crypto space may consider these tokens as part of their portfolio. However, it’s essential to conduct thorough research and due diligence before making any investment decisions in the volatile world of cryptocurrencies. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

Despite a groundbreaking day in the US with the largest Exchange-Traded Fund (ETF) launch for a single asset, the Bitcoin price remained stagnant, hovering around the $46,000 mark. This development has raised questions within the community, particularly in light of the extraordinary trading volume and participation seen in the ETF market. Record-Breaking ETF Launch On its first trading day, Bitcoin ETFs saw unprecedented activity. The total volume reached $4.6 billion, distributed among major players such as Grayscale ($2.3 billion), BlackRock ($1 billion), Fidelity ($700 million), ARK 21Shares ($288 million), and Bitwise ($125 million). This event marked over 700,000 individual trades. Nate Geraci, President of the ETF Store and co-founder of the ETF Institute, remarked, “GBTC had the largest ETF launch by trading volume ever with $2.3 billion… iShares Bitcoin ETF (IBIT) had the 5th largest launch with $1 billion. GBTC obviously had built-in liquidity, but it’s still a record. IBIT’s performance is impressive given it launched the same day as 10 other competitors.” Bloomberg’s ETF expert Eric Balchunas added, “All told, there were 700,000 individual trades today in and out of the 11 spot ETFs. For context, that is double the number of trades for QQQ (although it sees much bigger $ volume because bigger fish use it). So, there was a lot more grassroots action (versus big seed buys) than I expected, which is good.” Bitcoin Price Cannot Maintain Its Gains Despite these impressive figures, the Bitcoin price struggled to surpass the $50,000 threshold. Although BTC briefly touched $49,000, it failed to maintain these gains, dipping to as low as $45,700. At press time, the price settled around $46,000. Dan Ripoll, managing director at Swan Bitcoin, argued almost everyone expected Bitcoin to either rip, or to sell off on the ETF news, but neither happened. So what’s behind the muted price response? Ripoll argues that compliance departments at brokerage firms often take “weeks to several months to add new products to their internal ‘approved products list’ for advisors to sell.” Moreover, the expert explained that several large broker-dealers like Vanguard, UBS, Citi and Merrill Lynch have either restricted or disallowed their retail clients to buy any spot Bitcoin ETFs. A significant point of discussion was Vanguard’s decision to block its customers from buying into the new BTC Spot ETFs, citing that these products “don’t fit with Vanguard’s investment philosophy.” This move by the world’s second-largest asset manager, behind BlackRock, further complicates the landscape for Bitcoin ETF adoption. “There may be other brokers who blocked these sales as well for ideological reasons. They don’t believe in Bitcoin. I didn’t expect this at all. They’ll lose customers quickly with this strategy,” Ripoll stated. Matt Dines, Chief Investment Officer at Build Asset Management LLC, added another very important fact that is probably not widely known: Rotation Plays And GBTC Selling Besides that there are reports of investors rotating out of Bitcoin ETF proxies, like BITO and mining stocks, to redeploy capital into better proxies, such as the new spot ETFs. This shift might have mildly suppressed ETF inflows and could take months to fully materialize. It is also interesting to note that Grayscale accounted for half of yesterday’s trading volume, much of which could have been sell orders. In the run-up to the spot ETF approval, GBTC was a popular bet among speculators who had taken advantage of the discount of over 40% at times in the hope that this would close with the ETF launch. This is exactly what happened, with GBTC only trading at around -1% yesterday. Thus, most of the GBTC trading was probably selling. This is supported by the fact that there is probably no point for investors to hold the GBTC with its enormous 1.5% yearly fee when other spot Bitcoin ETF issuers offer 0.25%. Fred Krueger, a crypto expert, stated, “GBTC volume must be 90% sales. Some of that went into IBIT.” BitMEX Research commented, “The GBTC volume could be mostly selling and outflow. It has been trading at a discount for almost all the trading day, so not likely to be buying.” In summary, the lack of a significant Bitcoin price surge, despite the record ETF day, can be attributed to a combination of factors including GBTC selling, compliance delays, brokerage restrictions, fund rotations, and ideological stances by major financial institutions. At press time, BTC traded at $45,893.

As the crypto world constantly evolves, 2024 has been a year of significant developments and shifting paradigms. Solana (SOL), with its impressive track record in 2023, has set high expectations. Yet, there’s a new contender on the horizon – Retik Finance – that’s captivating the attention of savvy investors, promising a potential 50x upswing. Solana’s Stellar Performance and Predicted Surge Solana’s journey in 2023 was nothing short of remarkable. The introduction of Bonk (BONK) tokens, the launch of Solana Mobile’s Saga phone, and advancements in DeFi 2.0 and blockchain infrastructure marked key milestones. Collaborations with major players like Mastercard, Visa, and Shopify further bolstered its standing. January has historically been a strong month for Solana, with substantial gains in both 2021 and 2023. Predictions for January 2024 indicate a potential 70% surge, possibly elevating SOL to around $173. This optimism stems from Solana’s robust ecosystem growth, enduring interest from institutional players, and the Solana Foundation’s proactive approach to network security. However, despite its potential, Solana faces the challenge of maintaining its momentum, especially after a slight price decline in line with broader altcoin trends. While its long-term prospects remain promising, investors are also exploring emerging opportunities that promise higher returns. Retik Finance: The Emerging DeFi Contender Enter Retik Finance, a project that has quickly become the talk of the crypto town. Retik Finance stands out as a DeFi platform offering innovative solutions like DeFi debit cards, a multi-chain wallet, and AI-powered P2P lending. These offerings aim to bridge the gap between traditional finance and cryptocurrencies, enhancing accessibility and usability for users. Presale Success: An Indicator of Potential Retik Finance’s journey through its presale stages has been nothing short of a spectacle. The platform has rapidly progressed from its initial presale stage to the ongoing stage 5 in less than a month, recording over 15x gains for early investors. The swift sell-out of these stages has demonstrated the market’s confidence in Retik Finance and positioned it as a strong rival to established tokens like Solana. The 50x Upswing Prediction Experts are now eyeing Retik Finance as the next big player in the crypto market, predicting a potential 50x upswing as it approaches its listing. This projection is based on the platform’s innovative DeFi solutions, the speed at which its presale stages are selling out, and the growing interest from both retail and institutional investors. Why Retik Finance Stands Out Retik Finance’s edge lies in its real-world utility. The platform’s DeFi debit cards allow users to use their crypto holdings for everyday transactions, a feature that currently needs to be improved in many other cryptocurrencies, including Solana. This practical approach, combined with features like the integrated wallet and AI-powered lending, positions Retik Finance as a frontrunner in the DeFi space. A New Era in DeFi As the crypto market matures, the focus is shifting from pure speculation to real-world applications and utility. Retik Finance embodies this shift, offering a range of services that extend beyond the digital sphere and into everyday life. This practicality, coupled with the potential for significant returns, makes Retik Finance an attractive option for investors looking to diversify their portfolios beyond the likes of Solana. Conclusion: A Strategic Shift for Investors While Solana’s successes in 2023 have set a high benchmark, the dynamic nature of the crypto market demands adaptability and foresight. For investors looking to capitalise on the next big wave in the crypto world, Retik Finance presents a compelling opportunity. Its blend of innovation, utility, and market momentum positions it as a worthy contender in the race for crypto supremacy. As we navigate the intricacies of the crypto market, the strategic shift towards platforms like Retik Finance underscores the evolving nature of investment strategies in the blockchain space. With its potential for a 50x upswing and a vision firmly grounded in real-world utility, Retik Finance is not just a rival to Solana but a harbinger of the new direction in which the crypto market is heading. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

In the ever-changing world of cryptocurrencies, finding promising investment opportunities can feel like navigating a complicated maze. As we step into 2024, one cryptocurrency stands out—Retik Finance (RETIK), currently priced at just $0.07 but with an exciting price prediction of $15. This blog post will break down why Retik Finance is set for success and how it competes with established players like Solana (SOL). Come along as we uncover the details of Retik Finance (RETIK), tracing its path from a new token to a potential powerhouse in the cryptocurrency world. The Rise and Fall Story of Solana (SOL) Solana’s story is a rollercoaster of highs and lows, sparking debates about its potential comeback. Initially praised for its lightning-fast transactions and low fees, it gained widespread recognition in the cryptocurrency world. However, cracks in the facade started showing, with network outages and concerns about centralization tarnishing its once-spotless reputation. The harsh realities of the 2022 crypto winter hit hard, causing SOL to tumble from $250 to its current state below $100. The big question now is whether Solana (SOL) can make a comeback to its former level. Supporters point to ongoing development efforts, a thriving NFT ecosystem, and the promise of improved scalability. Optimists imagine a “Solana Summer” driven by increased DeFi adoption and growing institutional interest. On the flip side, sceptics urge caution, citing the platform’s vulnerability to network congestion and dependence on a select group of validators. The trajectory of Solana’s journey remains uncertain—a narrative swinging between redemption and ongoing scrutiny, with only time revealing its fate. Retik Finance (RETIK): A Presale Token with Upcoming Major Listings As Solana charts an uncertain course, Retik Finance (RETIK) diligently lays the foundation for a groundbreaking DeFi experience. This ambitious endeavour goes beyond mere replication of existing solutions, aspiring instead to revolutionise our interaction with digital assets. Anchored by the $RETIK token, it forms the heart of an ecosystem that includes the Retik Wallet—a secure, user-centric portal into the crypto realm, facilitating seamless asset management, staking, and integration with DeFi protocols. Additionally, with the introduction of DeFi Debit Cards, the barriers between cryptocurrency and everyday expenses dissolve, envisioning a world where paying bills or shopping for groceries becomes effortlessly intertwined with using $RETIK, bridging the gap between virtual and physical economies. Furthermore, Retik Pay simplifies peer-to-peer transactions by enabling instant and hassle-free transfers of $RETIK, fostering a robust payment network. This multifaceted strategy tackles real-world challenges, aiming to demystify DeFi and broaden its accessibility. In contrast to many other blockchain projects, Retik Finance (RETIK) has achieved remarkable progress, having already raised over $7.1 million in its ongoing presale—a testament to early adopters’ resounding trust and confidence. Why RETIK Is the Perfect Token to Buy in 2024 Retik Finance ($RETIK) offers the potential for a significant transformation in 2024, with its value projected to soar from $0.07 to $15. This growth is driven by its vision of creating a DeFi ecosystem where cryptocurrencies seamlessly integrate into everyday life, enabling activities such as coffee purchases and bill payments through the versatile $RETIK token. RETIK goes beyond convenience; it empowers users with control. By offering DeFi debit cards, user-friendly aliases, and a secure, self-managed ecosystem, RETIK eliminates the need for traditional plastic cards, complex addresses, and third-party intermediaries. Leveraging the high-speed Solana network, RETIK has a head start in DeFi debit cards, a comprehensive set of financial tools, and a team of experienced blockchain professionals. Investing in RETIK is a strategic move to support the future of finance and contribute to the development of a more accessible, user-controlled, and seamless financial environment. While all investments carry risks, RETIK’s strong fundamentals, strategic positioning, and potential for growth make it an attractive choice in the 2024 cryptocurrency landscape. Closing Thought Looking ahead to the new year of 2024, the crypto landscape is evolving, and Retik Finance (RETIK) has emerged as an intriguing addition to consider for one’s investment portfolio. While established giants like Solana (SOL) face uncertainties,RETIK is positioned to redefine the narrative with a carefully crafted ecosystem, a dedicated team, and a vision for a future where DeFi empowers everyone.At just $0.07 during the presale, the $RETIK token promises an exciting narrative—a possible transformation into a $15 asset by the close of 2024. Imagine a future where you effortlessly cover your morning latte and monthly bills with a quick tap of your DeFi debit card, all thanks to the adaptable $RETIK token. Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

Crypto aficionados should have more reasons now to be upbeat. Samson Mow, prominent figurehead and former CSO at Blockstream, has ignited the Bitcoin landscape with a new, audacious prediction for the king of digital currencies. He envisions a colossal price surge, aptly named the “Omega Candle,” culminating in a staggering $1 million per coin milestone. This prophecy arrives alongside the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US, sending ripples of excitement through the market. Crypto: The ‘Perfect Storm’ To $1 Million Mow paints a picture of a “perfect storm” brewing, one fueled by a potent cocktail of bullish catalysts. The approval of spot ETFs by the SEC stands as the centerpiece, paving the way for institutional investors to finally enter the Bitcoin arena with ease. This, Mow believes, could trigger a wave of advertising campaigns targeting traditional financial markets, drawing even more capital towards the digital gold. Beyond the immediate impact of ETFs, Mow anticipates a ripple effect across the wider Bitcoin ecosystem. He cites potential nation-state adoption, similar to El Salvador’s pioneering move, as another potential engine for growth. Additionally, the upcoming fourth Bitcoin halving in April, which reduces the block reward for miners by half, is expected to further tighten supply and exacerbate any pre-existing demand surge. This confluence of forces, Mow argues, could culminate in the legendary Omega Candle – a dramatic vertical surge represented by a single, elongated green candlestick on price charts. While the term lacks a precise technical definition, it vividly portrays the magnitude of the predicted rise. Adding fuel to the fire is prominent Bitcoin supporter Max Keiser. He predicts a mass exodus from traditional gold ETFs towards Bitcoin ETFs, lured by the digital asset’s superior performance and faster growth potential. On Fast Horses & Omega Candles “Bitcoin is the fastest horse in the race,” Keiser proclaims, echoing billionaire Paul Tudor Jones’s sentiment that Bitcoin offers a more compelling investment proposition than gold. However, amidst the hype, skepticism remains. Mow’s $1 million target appears fantastical to many, considering Bitcoin’s current price of around $46,000. The “Omega Candle” itself, lacking any technical basis, is more akin to a metaphor than a concrete indicator. Additionally, some experts caution against over-exuberance, highlighting the unpredictable nature of the cryptocurrency market and the potential for unforeseen obstacles, such as regulatory roadblocks or market downturns, to derail the projected trajectory. Ultimately, while Mow’s vision ignites the imagination of Bitcoin enthusiasts, approaching it with a healthy dose of skepticism is crucial. The “Perfect Storm” may become a legend etched in Bitcoin’s lore, but only time will tell if it illuminates a path to $1 million or merely flickers briefly before fading into the annals of market speculation. Featured image from Shutterstock

BNB price is holding gains above the $300 pivot level. It is showing positive signs and might rally toward the $350 resistance zone. BNB price is moving higher above the $300 resistance. The price is now trading near $310 and the 100 simple moving average (4 hours). There is a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move up if there is a clear move above $315 and $325 BNB Price Aims Higher After a major increase, BNB price faced resistance near the $340 zone. The price started a downside correction and recently tested the $290 zone. A low was formed near $289, and the price is now attempting a fresh increase, like Bitcoin and Ethereum. There was a move above the $295 and $300 levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $332 swing high to the $289 low. BNB is now trading near $310 and the 100 simple moving average (4 hours). The current price action is positive and signals more upsides. Immediate resistance is near the $315 level. It is close to the 61.8% Fib retracement level of the downward move from the $332 swing high to the $289 low. The next resistance sits near the $322 level. There is also a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB/USD pair. A clear move above the $225 zone could send the price further higher. Source: BNBUSD on TradingView.com In the stated case, BNB price could test $340. A close above the $340 resistance might set the pace for a larger increase toward the $350 resistance. Any more gains might call for a test of the $375 level. Downside Correction? If BNB fails to clear the $322 resistance, it could start a downside correction. Initial support on the downside is near the $300 level. The next major support is near the $292 level. The main support sits at $288. If there is a downside break below the $288 support, the price could drop toward the $262 support. Any more losses could initiate a larger decline toward the $250 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $300, $292, and $288. Major Resistance Levels – $315, $322, and $325.

Ethereum price climbed higher above the $2,600 resistance. ETH outpaced Bitcoin and is holding gains above the $2,580 support zone. Ethereum extended its increase above the $2,650 resistance zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a downside correction if there is a move below the $2,580 support. Ethereum Price Eyes More Upsides Ethereum price remained in a positive zone above the $2,500 resistance. ETH even outpaced BTC and climbed above the $2,650 resistance zone. A new multi-week high was formed near $2,683 before the price corrected gains. There was a move below the $2,620 and $2,600 levels. The price tested the 23.6% Fib retracement level of the upward move from the $2,245 swing low to the $2,683 high. There is also a key bullish trend line forming with support at $2,590 on the hourly chart of ETH/USD. Ethereum is now trading above $2,550 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price might face resistance near the $2,640 level. The next major resistance is now near $2,680. A clear move above the $2,680 level might send ETH toward $2,720. A close above the $2,720 resistance could push the price further into a bullish zone. Source: ETHUSD on TradingView.com The next key resistance is near $2,780. If the bulls push Ethereum above $2,780, there could be a rally toward $2,880. Any more gains might send the price toward the $3,000 zone. Downside Correction in ETH? If Ethereum fails to clear the $2,680 resistance, it could start a downside correction. Initial support on the downside is near the $2,590 level and the trend line. The first key support could be the $2,465 zone or the 50% Fib retracement level of the upward move from the $2,245 swing low to the $2,683 high. A downside break below the $2,465 support might send the price further lower. In the stated case, Ether could test the $2,350 support. Any more losses might send the price toward the $2,220 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,465 Major Resistance Level – $2,680

Bitcoin price started another increase above the $46,500 resistance. BTC cleared the $47,800 resistance and spiked toward $48,000 before the bears appeared. Bitcoin topped near the $49,000 level and corrected gains. The price is trading above $45,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $45,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if there is a move below the $45,600 support zone. Bitcoin Price Faces Rejection Bitcoin price attempted a fresh increase above the $46,800 and $47,200 levels. BTC even cleared the $48,000 resistance and spiked toward $49,000. A new multi-week high was formed near $49,000 before the price trimmed all gains. There was a sharp move below the $47,500 and $47,000 levels. The price even retested the $45,500 support zone. A low was formed near $45,619 and the price is now consolidating losses. Bitcoin is trading above $45,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $45,900 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $46,400 level and the 23.6% Fib retracement level of the downward move from the $49,000 swing high to the $45,619 low. The first major resistance is $47,300 or the 50% Fib retracement level of the downward move from the $49,000 swing high to the $45,619 low. A clear move above the $47,300 resistance could send the price toward the $48,200 resistance. Source: BTCUSD on TradingView.com The next resistance is now forming near the $49,000 level. A close above the $49,000 level could send the price further higher. The next major resistance sits at $50,000. More Losses In BTC? If Bitcoin fails to rise above the $47,300 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $45,900 level and the trend line. The next major support is $45,500. If there is a move below $45,500, the price could gain bearish momentum. In the stated case, the price could drop toward the $44,450 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $45,900, followed by $45,500. Major Resistance Levels – $47,300, $48,200, and $49,000.

In a recent report released by Mandiant, a threat intelligence and cybersecurity company, alarming details have emerged about the widespread exploitation of Solana users through a campaign known as CLINKSINK. The report sheds light on the nature of these drainer campaigns, which have resulted in the loss of nearly $1 million worth of SOL tokens. CLINKSINK Campaign Targets Solana Investors According to the report, The CLINKSINK campaign, identified by Mandiant, involves malicious actors leveraging drainers – malicious scripts and smart contracts – to steal funds and digital assets, including non-fungible tokens (NFTs), from unsuspecting victims’ cryptocurrency wallets. These campaigns have been active since December 2023 and have employed at least 35 affiliate IDs associated with a drainer-as-a-service (DaaS) utilizing CLINKSINK. The modus operandi of the CLINKSINK campaign involves distributing cryptocurrency-themed phishing pages through social media platforms like X and chat applications like Discord. These pages, masquerading as legitimate cryptocurrency resources like Phantom, DappRadar, and BONK, entice victims to interact with the CLINKSINK drainer. Once victims connect their wallets to claim an alleged token airdrop, they are prompted to sign a transaction that allows the drainer service to siphon funds from their wallets. Mandiant’s investigation revealed that the stolen funds are divided between the affiliate and the service operator(s) based on a predetermined percentage. The analysis indicates that, on average, 80% of the stolen funds go to the affiliate, while the remaining 20% go to the operator(s). However, the operator’s cut can vary between 5% and 25%, potentially influenced by factors such as partnerships or reduced fees for successful affiliates. Since the end of December 2023, at least 1,491 SOL tokens and numerous underlying tokens, with a combined value of over $180,000, were traced to a specific Solana address associated with the DaaS operator. Based on this data, Mandiant estimates that these recent campaigns have stolen at least $900,000 in digital assets. However, it is important to note that some of the funds sent to the operator’s wallet might originate from their drainer campaigns or transfers not subject to the percentage split. Mandiant Warns Of Growing Trend Mandiant’s report also highlights the availability and low cost of CLINKSINK drainers in underground forums, indicating a growing trend of financially motivated threat actors targeting cryptocurrency users and services. The rising value of Solana’s native cryptocurrency, SOL, has likely contributed to the surge in CLINKSINK activity. Furthermore, the CLINKSINK source code’s apparent leakage could enable unrelated threat actors to conduct independent draining operations or establish their own DaaS offerings. As the value of cryptocurrencies continues to rise, Mandiant predicts an increase in financially motivated threat actors conducting drainer operations. The ease of access and potential profitability of these campaigns make them an attractive prospect for cybercriminals of varying levels of sophistication. Cryptocurrency users and investors are urged to exercise caution and employ robust security measures to protect their digital assets. Increased awareness and vigilance within the cryptocurrency community will be crucial in mitigating the risks posed by the CLINKSINK drainer and similar threats. Featured image from Shutterstock, chart from TradingView.com

Glassnode’s model for tracking the “price multiplier” effect for Bitcoin could provide some hints about whether the asset is near the top or not so far. Bitcoin Is Observing A Multiplier Effect Of 4-5x Right Now In a new post on X, the lead on-chain analyst at Glassnode, Checkmate, has discussed the “price multiplier” effect of Bitcoin. This effect refers to the fact that the capital that flows into the cryptocurrency is not always (in fact, most of the time) the same as the change reflected in the market cap. To track the exact ratio between the two, Glassnode has defined the “Realized Capital to Valuation Change Ratio.” This indicator measures how much capital flows into the “Realized Cap” for every unit change in the market cap. The Realized Cap refers to a capitalization model for Bitcoin that assumes that the real value of each coin in circulation is not the current spot price but the price at the time it was last transferred on the blockchain. This last transfer could be considered the previous moment the coin changed hands, so the Realized Cap adds up the cost basis or acquisition value of all coins in circulation. Put another way, the Realized Cap is a model that measures the total amount of capital the investors have used to buy Bitcoin. Now, here is a chart that shows the trend in the BTC Realized Capital to Valuation Change Ratio over the past several years: The above graph shows that the Bitcoin Realized Capital to Valuation Change Ratio (90-day) has recently been below the 4-year median of 0.25. As Checkmate notes, this model suggests the current multiplier effect of BTC is around 4 to 5 times. This means that for every $0.20 to $0.25 going into the realized cap, the market cap is moving by $1. From the chart, it’s apparent that the multiplier has generally shot up during bull markets. “Bull market tops often correspond with $0.80 to over $1.0 in capital inflows needed to achieve a $1 change in the market cap (unsustainable < 1x Multipler),” explains the Glassnode lead. On the other hand, bear markets “often see heightened volatility with $0.2 in capital flows having a $1.0 impact on MCap (5x Multipler),” according to the analyst. Suppose this historical pattern is anything to go by. In that case, the current Bitcoin multiplier is still at relatively low values, which would imply the cryptocurrency still has a lot of room to go before a potential top is encountered. Another curious pattern in the ratio is also visible in the same chart. It appears that the 4-year median has been going down as the years have passed. This would mean that BTC’s market cap has, on average, been becoming easier to shift with time. BTC Price In the past day, the Bitcoin spot ETFs were finally cleared by the US SEC, and it would appear that the market has reacted by buying this news, as the price has now breached the $48,000 level.

With the recent approval of Bitcoin exchange-traded funds (ETFs) injecting new inflows and igniting a sense of bullish sentiment in the market, Solana (SOL) is emerging as one of the top gainers in the past 24 hours. The cryptocurrency has experienced a 4.5% surge, trading at $99, aiming to reclaim the significant $100 milestone lost during a recent deep correction. Solana Bulls Targeting $150-$165 Price Range Solana, holding the fifth position among cryptocurrencies by market capitalization, could undergo a substantial price surge if the current upward momentum continues and successfully breaks out of its downtrend correction. Renowned crypto analyst Ali Martinez suggests that Solana is breaking out from a bullish flag pattern formed on the 4-hour chart. A sustained close above the $106 mark can trigger a remarkable 47% rally, propelling SOL towards the price range of $150 to $165. However, at the time of writing, Solana has retraced below the upper boundary of the bull flag formation, which is positioned at $103. Nevertheless, a breakout could be imminent if the growing interest in the token persists alongside a sustained bullish momentum. This scenario would position SOL to regain its previously lost highs and set its course toward Ali Martinez’s price targets within $150 to $165. SOL Market Cap Quadruples, DeFi, And NFT Metrics Skyrocket Solana has showcased remarkable performance during the fourth quarter of 2023, positioning itself as a leader in the crypto market rally, according to a recent report by Messari. One of the key achievements for Solana in Q4 was its notable increase in market capitalization. SOL concluded the year with a market cap of $43.8 billion, marking a staggering 423% quarter-on-quarter (QoQ) growth and an astonishing 1,106% year-on-year (YoY) increase. This growth propelled SOL to surpass notable tokens such as ADA, USDC, and XRP in market cap, securing the 5th position among all tokens. It is worth noting that Solana began 2023 ranked 17th in market capitalization, highlighting its exponential rise in prominence. The Solana network’s decentralized finance (DeFi) Total Value Locked (TVL) also experienced significant growth. Solana’s DeFi TVL increased by 303% QoQ and an impressive 505% YoY, reaching $1.5 billion. The report also highlights the notable increase in DeFi volume on the Solana network. The average daily spot DEX volume experienced a staggering 1,116% QoQ growth, reaching $359 million. Among the contributors to this growth, Orca accounted for 45% of the Q4 volumes, followed by Raydium with a 29% market share. Phoenix, a fully on-chain central limit order book, stood out by averaging over 9% of the DEX volume market share. Solana’s influence in the NFT space also saw substantial growth during Q4. The average daily NFT volume increased by 356% QoQ, reaching $4.8 million. Solana’s market share of NFT volume, excluding Bitcoin, grew from 9% to 26% QoQ, demonstrating its increasing significance in the NFT market. Featured image from Shutterstock, chart from TradingView.com

Circle has not yet revealed the exact amount of shares it intends to sell or the estimated price. Following Circle’s failed 2022 effort to go public via a SPAC, this next action is anticipated. An IPO in the United States has been formally filed by Circle Internet Financial, the business that created the well-known stablecoin USDC, according to reports. The announcement, which was made recently, is a major step forward for the Boston-based company’s plans to go public and become more widely accepted. Circle has not yet revealed the exact amount of shares it intends to sell or the estimated price range for the initial public offering (IPO), but the news is already making waves in the cryptocurrency and finance space. Navigating Regulatory Landscape The business has announced that the IPO is scheduled to take place after the evaluation procedure by the U.S SEC is finished, subject to market conditions and other pertinent variables. Following Circle’s failed 2022 effort to go public via a SPAC, this next action is anticipated. Due to the SEC’s delay in declaring the business registration statement effective, the $9 billion agreement was canceled in December 2022. In spite of this obstacle, Circle’s CEO Jeremy Allaire has stated the company’s intention to go public, showing a strong will to navigate the regulatory landscape. There is a pool of cash and other liquid assets, like short-term Treasury bonds, that back the tokens. The IPO filing of Circle occurs in the midst of a more extensive landscape of difficulties and transformations that have gripped the cryptocurrency sector. Declining token prices and heightened investor prudence characterize the 2022 crypto market slump. The timing however coincides with the recent positive outcome for the crypto sector as spot Bitcoin ETF was recently approved by the SEC. Highlighted Crypto News Today: XRP Ledger Developers Unveil Rippled 2.0

With the advent of Spot Bitcoin ETFs which were approved by the United States Securities and Exchange Commission (SEC) on Wednesday, crypto investors have quickly turned their attention to the next big thing which might be XRP ETFs. This is picking up steam as Steve McClurg, Chief Investment Officer (CIO) for Valkyrie, has lent his voice to the cause. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg reveals that with the approval of Spot Bitcoin ETFs, the expectation is that altcoins will soon follow the same path. He explains that attention could be turned to Ethereum, which is currently the second-largest cryptocurrency in the space. McClurg figures that a lot of filings are going to be submitted for Ethereum ETFs after this. Beyond the expected ETF filings for Ethereum, the Valkyrie CIO mentions that the likes of Ripple’s XRP could be the next in line to get approved for an ETF. “It wouldn’t surprise me if we saw Ripple or Ethereum spot ETFs out there,” McClurg said during the interview. Although McClurg showed optimism regarding a possible XRP ETF, he revealed that there was no indication of whether Valkyrie was going to get involved in it or not. Valkyrie, who has been heavily involved in Bitcoin and Ethereum ETFs, has not shown any interest in the altcoin so far. However, the CIO explained that crypto can be incredibly unpredictable. Given this, it is impossible to know where the market will end up swinging and what asset managers will take an interest in next. ETF Talks For Altcoins Heat Up The discussions for a possible XRP ETF are not new, especially as the arguments for Bitcoin Spot ETFs heated up. As a result, crypto researcher, ABS, who is part of the 3T Warrior Academy gave a rundown of what the impact of a possible XRP ETF would be. ABS explains that this could give rise to more interest from institutional investors as they could easily gain exposure to the asset with an ETF. Additionally, it would also propel XRP into the mainstream as marketing would take off. This would obviously increase interest around the world, and finally, XRP ETF would give the crypto a liquidity life-off. The effect that an ETF would have on the price of the asset can be gauged by what happened in November when rumors emerged that BlackRock had applied for an XRP ETF. As the rumor spread, the XRP price surged rapidly, before correcting back downward once the rumors were dispelled. Nevertheless, this performance from the altcoin showed the readiness of the market for an XRP ETF. In the case of the altcoin’s price reaching as high as $100, it is likely not happening in the next few years. However, there is no doubt that the approval of an XRP spot ETF would help propel it faster toward this goal.

Clues about the Fed’s impending interest rate decision may be found in today’s CPI statistics. Keeping mostly in line with market estimates, inflation rose 0.3% in December. U.S. inflation increased to 3.4% in December 2023, according to the Consumer Price Index (CPI) statistics issued on Thursday by the United States Bureau of Labor Statistics. A gain of 3.4% occurred in the 12 months ending in December, outpacing the 3.1% growth seen in the 12 months ending in November. Keeping mostly in line with market estimates, inflation rose 0.3% in December. After increasing by 4.0% in November, core inflation in the United States slowed to 3.9% over the last year, according to consumer price index data. All Eyes on Interest Rate Cut Moreover, according to a Reuters poll, market participants were anticipating that core CPI would stay at 0.3% from the previous month, and that year-on-year inflation would decrease to 3.8% from November’s 4%. Key clues about the Federal Reserve’s impending interest rate decision may be found in today’s CPI statistics. Predictions on the pace and severity of interest rate cuts by the Federal Reserve and other institutions have been going on since the start of the year. Instead of the 160 basis points (bps) cut expected by the end of 2023, experts are anticipating a 140 bps ease this year, according to Fed futures pricing. The Federal Reserve had anticipated 75 basis points (bps) of reductions for the year, so this is still an increase. The CME FedWatch tool indicates that market participants are pricing in a 69% probability of a rate drop occurring as early as March. The figures released today will have a significant impact on the Federal Reserve’s decision on whether to maintain interest rates unchanged or to drop them as early as March. Highlighted Crypto News Today: XRP Ledger Developers Unveil Rippled 2.0

Cardano (ADA) is approaching a crucial point at the $0.6 threshold, creating anticipation for a potential bullish breakthrough. ADA faces initial resistance at $0.58, historically marked by intensified selling pressure. Cardano maintains strategic support at $0.55, with the recent rebound foundation reinforcing its position Cardano (ADA) finds itself on the brink of a critical juncture as it approaches the $0.6 threshold, with market watchers anticipating a potential bullish breakthrough. A detailed analysis of ADA’s recent price chart reveals a methodical ascent, encountering incremental resistance and resilient support along the way. ADA currently contends with the initial local resistance at $0.58, historically a level marked by intensified selling pressure. Should ADA surpass this hurdle, the $0.6 mark looms as the next challenge. A breach here could signify a shift in investor sentiment and set the stage for a possible uptrend. Cardano holds support at $0.55 Underpinning ADA’s price action are strategic support levels, notably the recent rebound foundation at $0.55. Furthermore, the breakthrough of the 26-day Exponential Moving Average (EMA) adds a bullish layer to ADA’s chart. This technical indicator often heralds positive momentum, suggesting an advantageous position for buyers in the market. Contrary to expectations, Cardano’s recent surge is not fueled by significant developments within its ecosystem. The absence of major announcements or updates suggests that ADA is currently riding the broader marketwide rally, triggered by the approval of the spot Bitcoin ETF. This context implies that ADA’s price surge may be intricately tied to general market sentiment. Investors are urged to approach ADA’s recent surge with caution, recognizing its dependence on the prevailing market dynamics rather than intrinsic developments within the Cardano ecosystem. While technical indicators paint a positive picture, the sustainability of ADA’s increase hinges on broader market sentiment.

The recent spot Bitcoin ETF approval will provide a new avenue for public investment. Attention is now turning to potential outperformers relative to Bitcoin in 2024. Bitcoin’s remarkable surge over the past year, despite facing negative headlines, legal challenges, and regulatory scrutiny, has been further fueled by a significant development in the market. Additionally, the Securities and Exchange Commission’s (SEC) approval for 11 Bitcoin Exchange-Traded Funds (ETFs), marks a major milestone for the cryptocurrency market. These investment funds will track Bitcoin prices, providing a new avenue for public investment in the digital asset. As the crypto market gains positive momentum, attention is turning to potential outperformers relative to Bitcoin in 2024. Here are the top five cryptocurrencies that analysts believe have the potential for superior performance. Ethereum (ETH) Ethereum has demonstrated resilience and impressive gains. Following the approval of Bitcoin ETFs, Ethereum experienced a substantial surge, surpassing $2,650. Analysts anticipate Ethereum to outperform Bitcoin in the first quarter of 2024, with the current price standing at $2,646. Over the last 24 hours, ETH has witnessed a 12% increase, accompanied by a 53% rise in daily trading volume to $30 billion. Ethereum (ETH) Price Chart (Source: CoinMarketCap) BNB (BNB) Despite hurdles faced by the Binance exchange, its native cryptocurrency, BNB, has maintained stability at around $316. While a meaningful recovery is yet to materialize, analysts suggest that a sustained price above $310 could signal a slowdown in selling pressure. BNB’s daily trading volume has soared by 25% in the last 24 hours, reaching $1 billion. BNB (BNB) Price Chart (Source: CoinMarketCap) Solana (SOL) Solana emerged as one of the best-performing cryptocurrencies in 2023, witnessing a remarkable 666% increase in value. The release of several new memecoins on the Solana blockchain has contributed to its ecosystem’s growth. Solana (SOL) Price Chart (Source: CoinMarketCap) The demand for Solana memecoins, driven by the success of projects like BONK, has reached an all-time high. Solana is currently priced at $106, exhibiting a 51.45% increase in value over the past month, with a daily trading volume of $5 billion, making it the 6th most traded cryptocurrency globally. XRP (XRP) Ripple’s XRP has been gaining attention since July 2023, particularly after a partial victory against the SEC. Recent bullish momentum and signs of a strong comeback are attracting traders. XRP, currently priced at $0.6158, has seen a 10% increase in the last 24 hours, with daily trading volume surging over 48% to $2.6 billion. XRP (XRP) Price Chart (Source: CoinMarketCap) Cardano (ADA) Cardano (ADA) is making a strong comeback in the crypto market. CoinShares’ latest digital asset fund flow report indicates a total market inflow of $151 million in the first week of 2024. This surge is attributed to the bullish sentiment around spot Bitcoin ETFs, awaiting regulatory approval. Cardano (ADA) Price Chart (Source: CoinMarketCap) ADA is currently trading at $0.6007, marking an impressive 23% surge in the last 24 hours. Notably, the daily trading volume for ADA has surged by over 108% in the same period, reaching $1.3 billion. Investors are closely eyeing Cardano’s resurgence as it joins the ranks of cryptocurrencies with the potential for a robust performance in 2024.

XRP and Stellar (XLM) are two cryptocurrencies that have been constantly compared in terms of price growth and development. Both digital assets are dedicated to facilitating cross-border transactions. Given their considerable similarities, the Chief Technology Officer (CTO) of Ripple, David Schwartz has attempted to uncover the factors contributing to the persistent price correlations between the cryptocurrencies. Ripple CTO Explores XRP And XLM Price Trends Schwartz has recently taken to X (formerly Twitter) to share a chart illustrating a strong correlation in the price movements and patterns between XRP and XLM tokens. In response to an X user who expressed curiosity regarding the similar price trends between the two cryptocurrencies, Schwartz explained the distinct reasons behind XRP and XLM’s unique price movements. The Ripple CTO acknowledged that he lacked an accurate explanation for the price correlations between XRP and XLM. However, he provided two major factors that could be influencing the price trends. Schwartz revealed that comparable market forces that regulate various cryptocurrencies also control XRP and XLM. He further stated that most investors and crypto enthusiasts often place XRP and XLM within the same category due to the cryptocurrencies’ historical connection. As a result, a significant number of people simultaneously engage in buying and selling XRP and XLM causing the cryptocurrencies to have similar price movements. Concluding his analysis, Schwartz stated that he believed there were no market manipulations or external “evil forces” making these cryptocurrencies display similar price trends. Latest Developments For Both Assets XRP and XLM are one of the major cryptocurrencies that have gained significant attention, often seen as the leading contenders for cross-border payments and mainstream adoption. While these two cryptocurrencies tend to display similar price tracks, they have been experiencing vastly different developments in their respective markets and ecosystems. XRP recently gained regulatory clarity after successfully gaining a victory in its ongoing legal battle with the United States Securities and Exchange Commission (SEC). Despite speculations suggesting that XLM might be the SEC’s next target due to its striking similarities with XRP, the cryptocurrency has not encountered similar legal issues in the US as Ripple. Following XRP’s partial legal success, the price of XRP surged considerably. While XLM followed behind increasing by almost 90% but retraced some of the accumulated gains later. In terms of expansion, XRP has achieved multiple milestones and has gained approvals in several regions including Dubai. The cryptocurrency is positioned to gain from Ripple’s potential integration into trillion-dollar markets and industries. On the other hand, Stellar (XLM) is improving its ecosystem by integrating a new testnet upgrade, Protocol 20. The cryptocurrency is also actively seeking new partnerships with banks to expand its reach and utility.

PlanB, the creator of the renowned Stock-2-Flow (S2F) model, has once again captured the community’s attention with three bullish Bitcoin (BTC) forecasts. In a YouTube video recently uploaded, the S2F creator shared bold predictions. In the short term, PlanB sees Bitcoin soaring to above $50,000 before the upcoming halving event scheduled for April. The S2F model creator noted in the YouTube video: This prediction aligns with historical trends, where Bitcoin often experiences a surge in buying activity in anticipation of halving events, which cut the block reward by 50%. PlanB’s Long-Term Vision: A Rally To $532,000 Looking further ahead, PlanB’s projections become even more ambitious. The S2F model creator foresees Bitcoin breaking past its all-time high to reach $100,000 later this year. According to PlanB, this prediction gains credibility with the recent US Security and Exchange Commission (SEC) approval of spot Bitcoin ETFs, a milestone development for the crypto market. By 2025, PlanB’s vision for Bitcoin will reach a monumental peak of $532,000. This long-term forecast, underpinned by the S2F model, suggests a future where Bitcoin cements its status as a digital store of value and profoundly disrupts traditional financial paradigms. PlanB’s confidence in these targets is bolstered by his S2F models and the increasing institutional acceptance of Bitcoin. Bitcoin Current Bull Run: Beyond $48,000 And Rising Amid PlanB’s predictions, BTC is riding a bullish wave following the landmark approval and trading of spot Bitcoin exchange-traded funds (ETFs) in the US. The asset has leaped from its 24-hour low below $45,000 to over $48,000, demonstrating a 5.7% increase in the last 24 hours. This surge is accompanied by a dramatic spike in trading volume, indicating heightened investor interest and market activity. PlanB is not alone in forecasting a bright future for BTC. Finance guru Robert Kiyosaki recently projected a $150,000 target for BTC, largely influenced by the expected influx of institutional investment through spot ETFs. While the exact timing of this milestone remains uncertain, the consensus among experts points to a significant potential for Bitcoin’s price escalation shortly. Adding to the bullish sentiment, BTC has seen a significant increase in high-value transactions, a trend not seen in nearly two years. Analyst Ali reported significant transactions exceeding $100,000 among Bitcoin whales. Santiment’s data further corroborates the growing interest in Bitcoin, with a notable uptick in social dominance and spot ETF-related discussions. This heightened social interest since mid-October last year underscores the impact of investor sentiment and social dynamics on Bitcoin’s market trajectory. Featured image from Unsplash, Chart from TradingView