Analyst Sees Bitcoin at $12K after Price Rises Five Days in a Row
Bitcoin should surge to $12,000 by the end of this week, according to Josh Rager of Blockroots.com. The analyst raised his price target for the cryptocurrency after it logged a five-day winning streak ending Sunday. In that period, BTC/USD surged by more than 7.5 percent, hitting a weekly high at $11,498 as traders hoped for the US Congress to release the second coronavirus stimulus package. The pair also jumped higher after Square, a global […]
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Dogecoin is on the verge of a massive breakout, according to one crypto analyst. The meme coin which has maintained a rather consistent uptrend over the last few days seems to just be getting started as analyst Ali Martinez sees a surge to $1.6. Dogecoin Price Primed For 2200% Move In a recent analysis posted […]
Whispers of a potential big jump for XRP are circulating, with one analyst suggesting it could hit $27 by June. This prediction hinges on a look back at how XRP has behaved in the past. The crypto market has been a bit bumpy lately, and XRP has felt that too, much like other digital coins. Related Reading: Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls Echoes From The Past Crypto analyst Egrag Crypto is pointing to a recurring pattern in XRP’s price history. He sees similarities between the current market situation and what happened back in 2017 and 2018, during a....
Dogecoin has suffered some of the worst of the crypto bear market after taking a severe hit to its price. In response, DOGE transactions had plunged rapidly, which suggests that the digital asset is falling out of favor with investors. However, despite these bearish trends, one crypto analyst still sees a surge in the future […]
Last week, rumors surfaced that the United States Securities Exchange Commission (SEC) had sent inquiry letters to various companies who have released securities on crypto 2.0 platforms. Some investors became anxious that the SEC was targeting the platforms themselves. This uncertainty led to a brief drop in the price of Counterparty's native currency, XCP. However, Counterparty responded that the SEC has not contacted them and that since their platform is open-source, they are not responsible for how people use it. Since Counterparty's clarification, the XCP price has increased more than....
Bitcoin isn't the only cryptocurrency getting all the love from speculators. Altcoin Litecoin has grown nearly 400% in the matter of 3 days, to a high of almost $50 USD. That's up from just over $9 USD in a matter a days, making it very lucrative if one has put money into it. At the time of this writing, the price is about $39 USD at BTC-e. The question of everyone's mind, however, is whether or not the price will continue to rise further. We'll keep an eye on it. [via CoinDesk]