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Upbit’s New Altcoin Listings Spark Massive Gains, Pocket Network Leads Rally

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Crypto Integration

Trust Wallet has just announced full integration of Stellar Lumens (XLM), allowing users to send, receive and store XLM. Support has also been added for Aion (AION), Kin (KIN), Nimiq (NIM) and Thunder Token.

Owned by Binance, the multi-coin crypto wallet app supports thousands of digital assets, including ERC20 tokens. It has been rapidly expanding its list of supported coins after integrating Bitcoin, Bitcoin Cash and Litecoin in January.

Partial List of Supported Coins

Ethereum Ethereum Classic GoChain POA Network VeChain Tron Wanchain Callisto ICON Bitcoin Litecoin Bitcoin Cash TomoChain Dash Zcash Zcoin XRP KIN Nimiq Thunder Token Aion Stellar Trust Wallet has a built-in browser for DApps that allows users to trade cryptos and collectibles from their iOS and Android devices.

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Crypto Trading and Adoption

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced Binance Coin and Tether trading pairs for Dash. The exchange will open trading for DASH/BNB and DASH/USDT on Thursday, March 27.

Dash, an open-source cryptocurrency forked from the Bitcoin protocol, is designed to be spent at everyday shops and locations. Dash reports having over 4,900 merchants worldwide, with a foothold in Venezuela where over 2,000 merchants are listed on the Discover Dash directory, from SkyDive Caribbean to medical practitioners, coffee shops, restaurants and retailers.

Crypto Donations

The Tor Project, an anonymity network that enables communication by concealing a user’s location and web activity to protect personal privacy and thwart censorship, is now accepting a number of cryptocurrencies in addition to Bitcoin. Tor now accepts donations in Litecoin, Ethereum, Dash, Augur, Zcash, Monero and Stellar Lumens.

We changed how we accept cryptocurrency, and you can now donate a slew of different kinds of coins directly to us. Thank you for the feedback.

Help keep Tor robust and secure: https://t.co/qe9Jp8vJny #bitcoin #litecoin #DASH #Ethereum #augur #Zcash #xmr #StellarLumens

— The Tor Project (@torproject) March 22, 2019

The non-profit organization says it will use the donations to pay 47 staff members who work to support the network on behalf of journalists, human rights defenders, domestic violence survivors, policymakers, diplomats, academic and research institutions.

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Nimiq (NIM) is a cryptocurrency designed for the masses, built with an ethos of simplicity and ease of use at its core.

It is an open source and decentralised payment protocol that was developed with adoption in mind. By offering browser based access, the Nimiq team are providing a truly unique payment solution.

In this article we’ll tell you what Nimiq is all about, the role the NIM token plays and what the project has been up to since its initial crowdfunding.

Nimiq is a decentralized and censorship-resistant payment system in which the NIM token is transacted as a transfer and store of value.

The project differs from others with its innovative browser-first approach, this means that users can connect directly to the blockchain with nothing more than a web browser and is intermediary-free.

The benefit to users is that Nimiq enables them to use NIM without any installations and this gives the project a unique ‘it just works’ characteristic, which is combined with simple and easy user interfaces.

Image Source: Nimiq Blog

In essence, the Nimiq payment system is all about making things as easy, accessible and simple for the user as possible. The driving force behind this ethos is that Nimiq believes that cryptocurrencies need to be simple enough to use by a typical internet user to encourage wider adoption.

Nimiq’s emphasis on simplicity, ease of use and it’s browser-based approach means that the project aims to be a cryptocurrency for the masses and aims to gear itself to both tech-savvy and normal internet users alike.

Nimiq is also home to an ecosystem of dozens of apps and ‘best ideas’. The Nimiq Safe is a wallet app that requires no installation whatsoever and has no annoying wait times to download an entire copy of the blockchain.

Wallet Designed for Adoption

The ecosystem also contains numerous NIM tip bots for platforms such as Reddit, Twitch, and Discord. Additional content monetization opportunities are also offered via WordPress mining plugins and URL shorteners integrated with a NIM miner.

Fun Fact ?: Nimiq even has a Tamagotchi type game called Nimipet, which is powered by the NIM token.

However, the most exciting element of the current ecosystem is possibly Nimiq’s smooth, one click checkout-flow which is showcased in the Nimiq Shop. Nimiq is also working on its WooCommerce Nimiq Payment Gateway, a plugin that could play a vital role in wider merchant adoption of NIM in the future.

Right now, it appears that Nimiq is stepping up and going after merchant adoption. Around 200 merchant targets have already been listed publicly in the Nimiq forum.

In a nutshell, Nimiq can be summed up by:

The Vision: “ Barrier-free value exchange for everyone”Nimiq’s Mission: “To enable the most accessible, censorship-resistant payment solutions”Why A Browser-Based Blockchain Could Encourage Adoption?Nimiq was the first browser-based blockchain. How could this drive forward wider adoption of Nimiq?

Consider Apple; how has the company acquired such dominance in consumer hardware?

Well, a large part of the company’s success has been through making the interaction with technology seamless, easy and intuitive. In essence, they have created products for the masses which can be used by tech-savvy people and regular users alike.

Nimiq has taken a similar approach when it comes to creating their crypto payment system. Being browser-based means that users get that installation-free ‘it just works’ feel when using Nimiq. This is a far cry from other crypto payments systems which can be difficult for people new to crypto to wrap their heads around.

User Interface of Nimiq Browser Wallet. Straight and Simple

When it comes to digital payments systems, projects need to be aware of changing consumer trends. Traditional payments have seen a meteoric rise in mobile payments. This trend has been enabled by reliable and safe mobile payment infrastructure and has empowered users to enjoy a signficantly more convenient method of payment.

This means that if cryptocurrencies are to compete successfully with legacy payment methods, then they should probably take mobile accessibility very seriously.

Nimiq’s browser-based blockchain means that no large downloads are required and this enables users to use the Nimiq payment system in regions with low internet connectivity.

Astonishingly, even developed countries can have mobile connectivity. Around 33% of the UK population currently suffers from bad mobile data coverage. Unsurprisingly, this figure rises in developing countries.

This trend towards mobile payments has been recognized by Nimiq and is one of the reasons why their browser-based approach could hold significant value and has the potential to encourage wider crypto adoption.

Disruptive Potential: Nimiq OASIS, WEG Bank & Agora.TradeOn the 28th of February, Nimiq announced that it had partnered up with German-owned WEG Bank and the non-custodial cryptocurrency exchange Agora.Trade to create a potentially disruptive crypto-to-fiat bridge.

Before going any further it’s important to understand that the solution has a go-live target date of Q4 2019 and is currently only a blueprint.

In short, Nimiq’s innovative approach centers on making fiat currency (like the EUR and USD) directly behave as if it were a token on a blockchain. This provides a potentially revolutionary new way of connecting the crypto exchanges to the traditional banking network.

For anyone buying cryptocurrencies, you’ll probably notice that there are significant fees associated with depositing fiat currency on a crypto exchange. The reason why is that many crypto exchanges are forced to use crypto payment processors to bridge the crypto and traditional banking ecosystems.

The Nimiq, Agora and WEG Bank Partnership

That means that value exchange is not seamless and is the key reason why depositing Euros and USD on certain crypto exchanges can come with hefty fees.

Nimiq has developed a blueprint to potentially solve this issue and aim to develop Nimiq OASIS (Open Asset Swap Interaction Scheme). It initially aims to connect different crypto markets using the non-custodial Agora.Trade exchange to the traditional banking network via WEG Bank.

Nimiq OASIS is the middle layer which enables seamless value transfer between these two ecosystems through making fiat currency blockchain compatible. Put simply, the goal is for Nimiq to deliver an easy, cheap and fast way for users to buy cryptocurrency.

That’s not all. Nimiq’s solution also allows for the processing of transfers without a single, centralized intermediary (like a payment processor) controlling the two assets being exchanged, and without needing to entrust the private keys of the cryptocurrency asset to a third party.

What Pain Points Could Nimiq Solve?There are a number of barriers that make it hard for mass adoption of cryptocurrency. Some of these are related to the public's perception while others are due to legacy financial systems.

Given the unique approach that is being taken by Nimiq, there are a number of ways in which it can help ease the use and adoption of cryptocurrency.

Making Crypto Easier to Buy or SellDepositing fiat currency on an exchange can be time-consuming, confusing and incur large fees. Indeed, the UK Financial Conduct Authority released a report in March 2019 containing survey data to the question ‘why haven’t you bought any (cryptocurrency)?

20% responded that they ‘lack knowledge on how to buy cryptocurrency’.8% said that crypto was ‘too difficult or complex to buy’.2% responded that they had a ‘lack of knowledge’.This means if the survey data of the FCA is viewed as a representative of the overall population, then 30% of the people not already in cryptocurrency could benefit from an easy and convenient way to buy and sell cryptocurrency. This is exactly what Nimiq OASIS aims to do.

Q4: "Why haven't you bought any Cryptocurrency". Source: FCA

It is interesting to note that within the FCA report, only 29% of survey respondents said that crypto was “too risky to buy (eg due to their price change)”. Nimiq OASIS could empower retail banking customers at SEPA instant enabled banks, with a fast and easy way to buy or sell cryptocurrency for fiat and address a key pain point for wider crypto adoption.

Elimination of MiddlemenIf you are a cryptocurrency platform accepting fiat deposits or a merchant accepting crypto as a payment option, then chances are that you are using a cryptocurrency payment processor to act as a middleman between you and the traditional banking network. The problem is that some payment processor companies charge fees of up to 5%.

Now consider that many traditional online stores operate off margins as lows as 0.5% to 3.5% and you should see the problem for wider crypto adoption. Nimiq OASIS could provide a cheaper alternative and even help expand the range of merchants willing to accept crypto as a payment method.

Alternative To Over-The-Counter Markets (OTC)The world of crypto OTC markets is a murky one, to say the least. However, many speculate that the true value of OTC is in excess of that traded on public exchanges.

If this is true, this means that billions of dollars being traded OTC every single day. Needless to say, OTC brokers typically charge a large fee for their service and if Nimiq OASIS provides significant liquidity the solution could provide an interesting alternative to OTC.

Stable CoinsThe stable coin market currently stands at around $3 billion and these crypto assets are largely used by traders wanting to hedge their exposure to volatile crypto markets. However, some stable coins are unaudited (read Tether USDT) and there is little doubt that they come with risk over ‘real’ fiat.

Nimiq’s crypto-to-fiat bridge could potentially provide a viable alternative to stable coins and eat into market share.

Nimiq OASIS Is Just A BlueprintAs exciting as Nimiq OASIS could be, it is important to understand that it’s currently just a blueprint and there is no working product yet. However, Nimiq has backed up the Nimiq OASIS blueprint by acquiring a 9.9% stake in WEG Bank.

Could Oasis be a precursor to much more? Image via Nimiq

Needless to say, this stake acquisition is a statement of intent and illustrates the commitment of both WEG bank and Nimiq to the Nimiq OASIS initiative.

The really exciting thing about Nimiq OASIS is that its first iteration aims to support NIM, BTC, and ETH. The team has already stated that they are open to supporting other cryptocurrencies, exchanges and merchant solutions in the future too.

This means that if Nimiq OASIS succeeds, it can be viewed as a wider contribution to the overall cryptocurrency community and infrastructure.

Deeper Links Between Nimiq & Agora TradeNimiq is serious about pushing the boundaries of blockchain technology, which involves exploring new and revolutionary ideas. These research efforts include sponsoring a PHD position at Imperial College London and blockchain research at Stanford University.

Agora.Trade is led by Forbes 30 under 30 list-maker Reto Tinkler, who also heads up Trinkler Software. Nimiq and Trinkler Software have also opened up a blockchain research collaboration, the first results of which is a blueprint for the Albatross Consensus Algorithm.

Nimiq With Trinkler Software

This proof-of-stake consensus method has been reported to be able to perform close to the theoretical maximum for a single chain and could be the basis of Nimiq 2.0.

Both Nimiq and Trinkler Software are continuing to test the Albatross protocol and have begun to build a simulator to evaluate it.

It still remains to be seen what else will come out of Nimiq’s research efforts. The important thing to know is that the project takes an ad hoc approach to research and that research itself does not guarantee results or groundbreaking technological breakthroughs.

However, such research efforts can be viewed as key to driving the Nimiq ecosystem forward and contributing to the wider cryptocurrency space.

Nimiq Tech Vs. Bitcoin Vs. EthereumWhen it comes to evaluating any cryptocurrency, it is often useful to compare it to competitors and some of the biggest crypto projects out there. After all, what is the point of an altcoin which doesn’t have any advantages over Bitcoin?

Below, you can see two tables pitting Nimiq head to head with both Ethereum and Bitcoin. It is, however, important to note that Nimiq has two different entries.

The first is Nimiq with its current proof of work consensus method and Nimiq 2.0 is the performance expected if Nimiq migrates to proof-of-stake using the Albatross consensus mechanism.

Nimiq Compared to Bitcoin and Ethereum

Nimiq seems to be flying under the radar of many cryptocurrency enthusiasts. However, the project is still home to a rapidly growing and highly engaged community. The Nimiq team have decided to support their developer community with its own community funding initiative.

This enables any member of the community to submit proposals for funding and the Nimiq team also offers project teams with free security audits, mentorship, help with UI and UX and more.

Members of Nimiq's Enthusiastic Community

Evidence of the Nimiq communities high levels of engagement can be seen in Nimiq’s collaboration with Binance-owned Trust Wallet on the 27th March 2019. The integration of NIM into Trust Wallet was completely spearheaded by two community developers called Terorie and Vasconcelos.

The Nimiq community funding initiative is further strengthening the Nimiq ecosystem and increasing engagement in the Nimiq developer community.

Nimiq's ValuesNimiq is a tech-focused project and the team believes that meaningful impact should take precedence over mere business. That's why two percent of the overall NIM supply has been reserved for Nimiq’s charitable foundation.

These funds are vesting for ten years and the idea is that as the value of NIM grows, Nimiq’s charitable foundation will be empowered to support numerous great causes and initiatives.

The Nimiq team are particularly interested in supporting projects with high ecological and social impact.

The Nimiq TeamTeam Nimiq is made up of 19 team members in total. These are split between the following departments: core development, front-end, communication, infrastructure, documentation, legal, operations, and vlogs.

Nimiq's Team Members jumping for joy (and Crypto)

The team also leverages the expertise of several paid independent contributors:

Marketing & UX/UI: OverniceSEO: DCBerlinPress: TotalCrypto.ioLegal: MMESeveral regional community managers e.g. social media and translations.How Easy is Nimiq To Use?Are you interested in Nimiq and want to check out if it’s really as simple as it is claimed to be?

The good news is that you can try it out and some NIM for free. We estimate that it will take around 30 seconds to setup your new NIM wallet.

Stage 1: Enter Nimiq’s onboarding process through the link here and click ‘create wallet’.

Creating a Nimiq Wallet

Stage 2: Choose your unique identicon to help identify your wallet at a glance.

Choose an Identicon that Suits

Stage 3: Confirm your identicon selection.

You sure that Identicon works?

Stage 4: Key in your PIN.

Choose a quick access pin

Stage 5: You are good to go ahead and select Nimiq Safe.

Going through to Nimiq Safe

Finally: Receive or send NIM transactions using Nimiq Safe.

Getting started on Nimiq is literally that easy!

How to Buy Nimiq CoinCurrently, Nimiq is listed on the following centralized exchanges:

HitBTCHotbitTrade SatoshiBTC-AlphaAt Coin Bureau, we can only recommend crypto exchanges and platforms that we use ourselves. Unfortunately, after hearing about poor experiences on all the exchanges listed above, we cannot endorse any of them.

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However, the decentralized exchange Changelly can be used as a reputable place to buy NIM that we endorse.

ConclusionThere is little doubt that Nimiq is one of those promising cryptocurrency projects currently going under the radar.

We like Nimiq’s tech-focused approach, the potential ground-breaking innovation of Nimiq OASIS and the promising initial research outcomes. The strength of the Nimiq payment system can be seen as embodied by all these things, plus it is focused on ease of use and browser-based approach.

However, all this promise is simply potential right now. Research outcomes like Nimiq OASIS and Albatross are simply blueprints right now. NIM is also not accepted by many merchants right now either.

Anyone adding Nimiq to their watchlist must understand that there is a long road ahead for Nimiq to live up to their potential and that involves trusting Team Nimiq and their community to execute and scale the payment system successfully.

Although many things could go wrong and stop Nimiq achieving its lofty goals, the approach taken is certainly different from other cryptocurrency payment systems out there.

Nimiq’s acquisition of a stake in WEG Bank is also a big statement of intent and helps validate that the project is attempting to create the crypto-to-fiat bridge promised, rather than just promising vapourware.

Ultimately it’s your choice if you want to dive in deeper into the project. However, if you want to find out more, we highly recommend that you check out Nimiq’s official blog.

Featured Image via Fotolia

Disclaimer: The author holds some NIM in their portfolio and is compensated in a long-term independent consulting capacity by Nimiq. This article must not be construed as investment advice. Always do your own research.

Posted: October 1, 2019

WEG Bank AG, a German bank which has been partially acquired by three prominent blockchain firms – Nimiq, Token Pay and the Litecoin Foundation, has announced that it will process cryptocurrency payments for retailers by 2020. The bank is actively looking for applications for a sandbox test group, one that will be opened to the public by 2020, reported a media outlet.

Salamantex, the Austria-based payment solution provider, will act as the program partner, having already tested various point-of-sale devices in Austria. According to WEG Bank AG CEO Matthias von Hauff, this new bank “stakeholder” will allow retailers to receive payments in their wallets or cash out in fiat to a bank account. He added,

“All we do is provide the regulatory framework in the background, to make sure when the retailer receives crypto, he actually receives fiat in his bank account, if he chooses.”

The program will be managed by TEN31, the German bank’s new fintech brand and will initiate trade with Bitcoin [BTC], Litecoin [LTC], and other undisclosed cryptocurrencies. With plans to expand from ‘point-of-sale terminals,’ the CEO also revealed plans for initiating online checkouts, developing ATMs and the possibility “to integrate a [crypto] exchange into the bank as well.”

According to reports, Nimiq has already been working with the Malta-based decentralized exchange startup, Agora Trade, on such a technology called the OASIS [ Open Asset Swap Interaction Scheme]. Nimiq acquired a 9.9% stake in WEG Bank AG in April 2019 and as part of the acquisition, it can leverage the SEPA Instant banking network through WEG Bank. The blog detailing the acquisition read,

“This means that the combination of Nimiq OASIS, a non-custodial liquidity provider such as Agora.Trade and WEG Bank could enable customers at any of the 2’000+ banks in the SEPA Instant network to exchange value between crypto and fiat systems.”

Back in July, TokenPay re-allocated the 9.9% stake ownership to the Litecoin Foundation, in exchange for providing payment solutions for the bank and working with TokenPay on blockchain projects.

Table of contents

Overview: In the fast-paced realm of cryptocurrency, insightful Storj price predictions and XRP price predictions are invaluable for investors aiming to capitalize on digital assets. This guide not only covers the Bitcoin price prediction but also delves into the emerging tokens with Tamadoge price prediction and HBAR price prediction, rounding off with an analysis on the Ethereum price prediction.

Storj Price Prediction: A Glimpse Into the Future Storj price prediction reveals the potential for significant growth as decentralized storage gains traction. By understanding the factors that could drive Storj’s value, investors can make strategic decisions, highlighting the importance of accurate Storj price predictions in crafting a profitable investment portfolio.

XRP Price Prediction: Beyond the Challenges Given its legal battles, *XRP* price prediction becomes a complex, yet intriguing topic. This section not only provides an XRP price prediction but also offers insights into the currency’s resilience and potential for recovery, aiding investors in navigating the volatility of the crypto market.

Bitcoin Price Prediction: The Benchmark of Cryptocurrencies As the flagship cryptocurrency, Bitcoin price prediction serves as a market indicator. This analysis explores how global economic factors and adoption rates affect the *BTC* price prediction, offering a roadmap for investors looking to maximize returns on Bitcoin investments.

Tamadoge Price Prediction: The Rising Star The Tamadoge price prediction underscores its potential in a market hungry for innovation. As we unravel the Tamadoge price prediction, it’s clear that this crypto brings more than just speculative value, suggesting a bright future for those investing early.

HBAR Price Prediction: A New Era of Efficiency HBAR price prediction highlights its unique technological foundation and market position. This segment not only focuses on HBAR price prediction but also on Hedera Hashgraph’s potential to redefine transactional processes, presenting a compelling case for HBAR investments.

Ethereum Price Prediction: Steering the Smart Contract Revolution Ethereum price prediction is crucial as it transitions to proof-of-stake. With Ethereum’s influence on decentralized applications, the *ETH* price prediction offers insights into how this major shift could impact its value and the broader blockchain ecosystem.

Pi Network Price Prediction: Streamlining Crypto Mining Pi Network price prediction is essential as the Pi coin is influenced by large supply and limited demand, with over 47 million users mostly unable to sell. Despite potential uses, expected mainnet launch sell-offs and regulatory issues could impact its overall growth.

Embracing the Cryptocurrency Movement By closely examining Storj price predictions, XRP price predictions, Bitcoin price predictions, Tamadoge price predictions, HBAR price predictions, Ethereum price predictions and Pi Network price prediction, investors are better equipped to navigate the complexities of the crypto market. These predictions serve as a compass, guiding through the volatile yet rewarding landscape of cryptocurrency investment.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

Altcoin Season To Hit in Q3? Korean Crypto Survey Points To Rally

Posted: February 24, 2020

Bitcoin’s dominance in the cryptocurrency market has fallen over the past few weeks, with the same recorded to be 62%, at press time. This was in light of the altcoin rally that took up much of 2020. However, it has since simmered and only a few altcoins have managed to retain their position, when compared to Bitcoin.

Verge [XVG]

Verge [XVG], which was among the 8 new crypto-assets to be added to the conversion function on Binance, has seen exponential highs after posting gains of 10.48% over the past week.

Verge saw a steep rise in the price. However, the latest chart suggested that the coin might be re-entering the bearish zone.

XVG was valued at $o.0046, at press time. After a decline of 5.51% over the past 24-hours, the coin held a market cap of $75.20 million and registered a trading volume of $1.37 million.

VeChain [ VET]

Over the past month, VeChain’s social engagement metrics have reportedly been very heavy with spikes as high as 3,520,412 engagements per day, according to the crypto-insights provider LunarCRUSH. Additionally, the latest altcoin rally propelled VeChain to shoot up to highs not seen since December 2019.

The coin breached its crucial resistance along the way, however, it took a plunge of 8.05% over the last seven days, following which VET bulls found support at the $0.005 level.

At press time, VET registered a market cap of $379.3 million and was priced at $0.0068. After gaining by 3.93%, the coin recorded a 24-hour trading volume of $188 million.

Bitcoin Diamond [BCD]

This fork-coin of Bitcoin did manage to post some impressive gains this month and was up by 16.78% over the last week. However, the coin failed to regain its foothold as it ended up trading below the previously breached resistance point of $0.76. The coin found its support at $0.57.

At press time, Bitcoin Diamond [BCD] held a market cap of $145.3 million and was trading at $0.77 after a surge of 4.45% in the last 24-hours. Additionally, the fork-coin registered a trading volume of $7.70 million over the same time period.

Monero [XMR]

The most popular privacy coin, Monero also gained traction during the latest bull run. The privacy-centric coin was recently added to the list of cryptocurrencies supported by Monaco-based crypto startup Bitsa.

XMR bulls noted a significant upward momentum as it posted 12.12% gains over the past week. Additionally, it was up by 4.68% over the last 24-hours and was priced at $84.18, at press time. XMR held a market cap of $1.46 billion and a 24-hour trading volume of $143.8 million.

Posted: March 30, 2020

Despite the fact that the cryptocurrency realm extends far beyond Bitcoin, however, the king coin’s lesser-known fork coins, as well as other altcoins, have continued to mimic its price actions. Furthermore, these coins have exhibited mixed signals as the bearishness continued to weigh in the market.

Bitcoin SV: 

The contentious fork coin, Bitcoin SV [BSV] has been engulfed in controversies for a long time. From being delisted from major crypto exchanges last year to anonymous miners allegedly controlling over 55% of the network’s hash rate, controversies keep courting it. As investors were eyeing the upcoming block reward halving, the coin’s price has been sending mixed signals.

At press time, BSV was trading at a price of $154.38 after a minor decline of 0.64%. Additionally, it registered a market cap of $2.83 billion and a 24-hour trading volume of $1.721 billion.

MACD: MACD indicator was bullish for BSV’s near future with the signal line hovering below.

Chaikin Money Flow: The CMF, on the other hand, was in the bearish zone.

Resistance: $251.93, $314.5

Support: $81.64

Bitcoin Diamond:

The late-2017 hard fork of the king coin, BCD has posted huge gains at the start of 2020 failing miserably to do so in the previous year. However, this uptrend was short-lived as market indicators exhibited an uncertain future for the coin.

At press time, Bitcoin Diamond changed hands at $0.442 after a drop of 2.68% over the last 24-hours as it held a market cap of $82.50 million and a 24-hour trading volume of $11.39 million.

Parabolic SAR: The dotted markers below the BCD candles indicated a bullish signal.

Awesome Oscillator: The red closing bars, however, suggested a bearish trend for the fork coin.

Resistance: $0.647, $0.847

Support: $0.305

VeChain:

In a bid to bolster the adoption of VET, VeChain Foundation announced the listing of its native token on the South Korean crypto exchange UpBit. Developments on its technical side have failed to recuperate the price of the coin significantly even as slight hints of revival seemed to be on the cards.

VET, at press time, was priced at $0.0029 with a market cap of $161.1 million. Additionally, the crypto recorded a trading volume of $79.32 million after a minor decline of 1.39% over the past 24-hours.

Klinger Oscillator: KO was bullish for VET token with the leading line hovering above the signal line.

Relative Strength Index [RSI]: The RSI appeared to be heading towards the 50-median neutral zone. This was indicative of a potential revival in interest among the investors in the VET market.

Resistance: $0.0039, $0.0047

Support: $0.0022

There have been a number of Bitcoin forks over the years. But how many? The total is staggering, with over 50 forks on record.

What Is a Bitcoin Fork? A Bitcoin fork is a cryptocurrency that split away from Bitcoin at a certain block height. Transaction histories are shared up until the time of the fork, with the new coin then splitting off onto its own blockchain.

There are two kinds of forks: soft forks and hard forks. A soft fork is backwards compatible, meaning it is a software update that is compatible with earlier versions of the blockchain. A hard fork is not backward compatible. Any blocks following a hard fork need to follow the new rules to be considered valid.

The Bitcoin network itself has undergone a number of soft forks, with software updates including preventing duplicate identification hashes and introducing lock times for individual transaction outputs.

Namecoin, created in 2011, was the first fork of the Bitcoin software. Bitcoin XT and Bitcoin Classic (BXC) were earlier forks of the Bitcoin network reference client, released in 2015 and 2016, respectively.

Most cryptocurrency projects that are well-known off-shoots of Bitcoin often followed contentious debates around the direction of the code. Bitcoin Cash was the first high-profile hard fork of Bitcoin and was created in mid-2017. It is regarded as a contentious fork, meaning it occurred because there were competing visions about the future development of the network.

A List of Bitcoin Forks Most hard forks of Bitcoin occurred between late 2017 and early 2018. The period was remarkable because it coincided with the ICO frenzy. The rate at which new tokens were created made it difficult to keep up with the changes.

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Bitcoin saw its first four hard forks on the same day of Aug. 1, 2017.

The Bitcoin Cash Fork Bitcoin Cash (BCH) came into existence at block height 478,559. It was a divisive and contentious split, led by those who believed in increased block sizes. The new protocol increased block sizes to 8MB. Technically, Bitcoin Clashic and Bytether were created a block before it. Following at block height 498,888 on the same day, Oil BTC was created.

The Bitcoin Gold Fork Bitcoin Gold (BTG) was the next high-profile project to fork from Bitcoin. The coin split away at block height 491,407 on Oct. 10, 2017. The aim of Bitcoin Gold was to create a new version of Bitcoin that would “democratize” mining by changing Bitcoin’s proof-of-work algorithm.

The next month, Bitcore (BTX) and Bitcoin Diamond (BCD) were created. Bitcoin Diamond was designed to build a network more resistant to attacks and to enhance network capacity.

December 2017 Bitcoin Hard Forks In the month of December of 2017, almost 20 new coins were created through hard forks from Bitcoin:

Bitcoin Silver (BTSI) Bitcoin Nano (BTN) BitcoinX (BCX) Super Bitcoin (SBTC) Bitcoin Hot (BTH) UnitedBitcoin (UB) Bitcoin World (BTW) Bitcoin Stake (BTCS) Lightning Bitcoin (LBTC) Bitcoin Faith (BTF) Bitcoin New (BTN) Bitcoin Top (BTT) Bitcoin File (BIFI) Bitcoin God (GOD) Quantum Bitcoin (QBTC) Bitcoin SegWit2X x11 (B2X) Bitcoin Uranium (BUM) BitcoinBoy (BCB) Bitcoin Ore (BCO) Many of these late 2017 coins are no longer in circulation and some were considered a scam at the time of their creation. However, projects like Super Bitcoin remain trading on 12 active markets.

Bitcoin Forks of Early 2018 As the heat cooled on crypto markets in the beginning of 2018, forks continued. In the first few months of the 2018 bear market:

Bitcoin All (BTA) Bitcoin Private (BTCP) Bitcoin Pizza (BPA) Bitcoin Rhodium (BTR) Bitcoin Smart (BCS) BitVote (BTV) Bitcoin Interest (BCI) Bitcoin Atom (BCA) Bitcoin Lite (BTCL) were created. Bitcoin Private was forked from ZClassic and Bitcoin. It supports zk-SNARKs, masking the details of the sender and recipient of a transaction.

This list is not exhaustive. As Bitcoin is open source code, any developer can fork it and create a new cryptocurrency. According to research from BitMEX, there were a total of 44 forks in the mid-2017 to early-2018 period. Only Bitcoin Cash, Bitcoin Diamond, Bitcoin Gold, and Bitcoin Private saw significant trading volume.

Forks of Forks A number of Bitcoin forks have undergone another subsequent fork. The highest profile of these was Bitcoin SV (Satoshi’s Vision). BSV forked from BCH at the end of 2018, creating listings of BCHABC and BCHSV, Both sides battled in the hash wars to determine which coin would dominate.

The Bitcoin Cash split was also over the issue of block size, with the SV team favoring even larger blocks. Bitcoin SV claims to be the closest Bitcoin-named blockchain to Satoshi’s “original vision” of peer-to-peer electronic cash, or so its creators claim.

Bitcoin has forked a number of times. Sometimes it has arisen from genuine ideological or technological differences. Other times, it has been rather uncontentious, with a group of developers seeking the marketing power of the Bitcoin name.

Which Forks are Worth Claiming? All told, there have likely been over 50 Bitcoin forks. More could still be created over time. Today, there is a total of nine Bitcoin forks that see any trading volume at all. The forks worth claiming, at current prices:

Bitcoin Cash (BCH): $219 Bitcoin SV (BSV): $166 Bitcoin Gold (BTG): $7.2 Bitcoin HD (BHD): $5.1 Bitcoin Rhodium (XRC): $4.1 Of those, only Bitcoin Cash, Bitcoin SV, Bitcoin Gold, and Bitcoin Diamond see significant trading volume.

Disclosure: This article was edited by Paul de Havilland. For more information on how we create and review content, see our Editorial Policy.

The advent of Bitcoin, Ethereum, and other cryptocurrencies has introduced unprecedented ways to distribute new assets, creating complex tax situations. Here’s how to account for forks and airdrops, and a few strategies to minimize taxes.

There is little precedent when it comes to taxes around forks and airdrops.

“In the traditional world, nobody airdrops anything. The dollar doesn’t fork every Tuesday,” said Alon Muroch, CEO of crypto accounting platform Blox, in an interview with Crypto Briefing.

Ruling from other regulatory agencies adds to the complexity. By the letter of the law, many cryptocurrencies are not considered money, or commodities, but instead securities⁠—investments that represent a contract between a buyer and an enterprise.

“You should start with the assumption that you’re starting with a securities offering,” said SEC Chairman Jay Clayton. Failing this assumption, or misinterpreting the rule of tax law, has led to “a majority of companies filing incorrectly,” LukkaTax’s co-CEO, Robert Materazzi, told Crypto Briefing, who claims that most portfolio apps that link to a tax service are doing so incorrectly.

FinCEN has issued its own guidelines around money transmitter rules for cryptocurrency, treating crypto like cash for anti-money laundering purposes. Meanwhile, the Commodities Future Trading Commission treats Bitcoin as a commodity. The U.S. Internal Revenue Service treats it as property. Ethereum falls somewhere in the middle.

Between the regulators, it’s one confusing mess of three and four-letter acronyms giving mixed messages.

What Is a Blockchain Fork? A fork is a software change that creates two separate versions of the same blockchain. Most often, forks are used to introduce upgrades, where the old version of a blockchain is replaced by the new one as soon as the fork is executed.

Occasionally, however, forks are used to settle disagreements over technical features, like the block size debate that lead to Bitcoin Cash. Other times, it’s about governing philosophy, like in Ethereum Classic. Yet other times it’s about taking advantage of a brand name, like Bitcoin Diamond. They’re an integral part of what makes a decentralized blockchain, well, a blockchain.

Forks happen all the time. Since inception, Bitcoin alone has had over 50 forks.

To make matters worse, holders often aren’t aware that a fork has even taken place and many coins go unclaimed. Nevertheless, the IRS views forks as taxable events.

Understanding Token Airdrops Airdrops are another situation where money falls out of thin air. In an airdrop, coins are “carpet bombed” to thousands, or even hundreds of thousands of cryptocurrency addresses as part of marketing campaigns, said Muroch.

One example of a massive airdrop was the one executed by Stellar, a cryptocurrency created by XRP co-founder Jed McCaleb. In September of last year, the Stellar Foundation announced it would airdrop 2 billion XLM, worth over $120 million at the time. An unprecedented sum.

Again, like forks, the owner of a cryptocurrency address that benefits from an airdrop is often unaware of the windfall. Many times they do not even consent to receiving an airdrop.

“You’re not always aware that you receive assets from a fork. You can couple that with airdrops, not just forks,” said Muroch. “All those holders had taxable events because someone in the marketing department decided to use that as a marketing tool.”

Tax Implications of Forks and Airdrops Consent aside, the IRS has voiced its position on forks and airdrops⁠. “The receipt or transfer of virtual currency for free, including from an airdrop or following a hard fork,” needs to be reported for tax purposes, says the IRS.

The power to collect taxes from these events, even crypto, come from broad powers given to the government over a century ago. “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived,” reads the 16th amendment.

The IRS has offered some clarity concerning the confusion. In October 2019, the agency issued a ruling on the issue.

Crypto holders recognize income when they “exercise dominion and control over the cryptocurrency” received through a fork or an airdrop, according to the rules. That is, when a holder gains the ability to transfer or sell the cryptocurrency.

Wendy Walker, a tax withholding and reporting expert at Sovos, a tax reporting software company, reaffirmed this position in a conversation with Crypto Briefing. Forks are treated as “ordinary income,” and the specific amount of tax liability would depend on the valuation scheme the taxpayer is using, she said.

By default, coins are valued using the FIFO, or “first in first out,” method of accounting, where the oldest units of cryptocurrency are used to determine the cost basis, said Jim Calvin, a tax partner at Deloitte.

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Though there are other valuation methods that may produce less tax liability, like LIFO or average cost, and these are viable so long as they are consistently applied. If this all seems confusing, an example might help illustrate the tax implications.

Using the Bitcoin Cash Fork as an Example Bitcoin Cash split from the Bitcoin network on Aug. 1, 2017, to settle a disagreement over the block size⁠⁠, which essentially determines the upper limit to how many transactions can be processed by the Bitcoin network in a roughly a 10 minute interval.

Those who held their private keys prior to the chain-split received a number of BCH equal to the number of BTC they held.

Bitcoin was trading at $2,800 the day of the fork. Immediately after the split, Bitcoin Cash opened on exchanges at $290. A taxpayer who had received BCH would recognize $290 in income, which would also determine the cost-basis of the BCH.

Later the next day, if the taxpayer sold their Bitcoin Cash when it was trading at $380, they would recognize capital gains of $90:

$380 - $290 = $90 Hypothetically, if the price of Bitcoin dropped as a result of the fork, it might be possible to offset some of the income from the fork, but the rules around this are unclear.

Tron’s Ethereum Airdrop as an Example Another example to demonstrate the recognition of income is when Tron airdropped 30 million TRX to Ethereum holders. Announced April 2018, Ethereum addresses with a balance of one or more ETH received between 10 and 100 TRX.

TRX was trading at $0.5 on the day of the airdrop, April 20, 2018. Assuming an address received 50 TRX, the Ethereum holder would recognize income of $25 on that day ($0.5 x 50).

To illustrate the impact of FIFO, if those coins were received over a series of days (from the 20th to the 22nd, for example), then the following accounting would take place:

April 20: 50 TRX at $0.5 each ($25) April 21: 50 TRX at $0.6 each ($30) April 22: 50 TRX at $0.7 each ($35) In all, the account holder received $90 worth of TRX, and would recognize this sum as revenue. Hypothetically, if they sold 60 TRX at $0.7, they would recognize gains from the oldest batches of coins first under FIFO.

The April 20 batch as the “first in” would get sold first, for reporting purposes. The 50 TRX with a cost basis of $0.5 each and sold for $0.7 each would register a gain of $10:

(50 x $0.7) - (50 x $0.5) = $10 Then, it would take 10 TRX from the batch from April 21, which were obtained at $0.6 each:

(10 x $0.7) - (10 * $0.6) =  $1 In total, the taxpayer would recognize capital gains of $11, in addition to the $90 of income from the three batches of airdrops.

In some circumstances, especially for those who trade often, it can be advantageous to use the LIFO method which takes the newest coins first, allowing some of the coins held for more of the year to get preferential long-term capital gains treatment.

Issues Raised by Airdrops Airdrops are an issue for holders of Ethereum and other smart contract blockchains. Even if the owner of the address did not consent to receiving the tokens they would still incur tax liability. Oftentimes, Ethereum holders receive hundreds of unsolicited tokens at no fault of their own.

Looking at Vitalik Buterin’s wallet address as an example, he has received over a hundred unsolicited airdrop coins worth thousands of dollars.

Vitalik Buterin’s main wallet address on Etherscan If the rules are to be followed by the book, each and every one of these airdrops would be recognized as revenue on the date of receipt. Further complicating the issue is that many of these coins are not traded on reputable exchanges, meaning their prices are unreliable.

In the end, this results in an accounting headache and an unwanted tax liability for holders of Ethereum, Tron, EOS, and other smart contract coins.

IRS Ramps Up Crypto Enforcement These tax agencies mean business. Regulators are well aware of cryptocurrency’s role in aiding tax evasion and money laundering. Those who think they can get away without paying taxes are at risk of an audit, along with steep penalties.

Transactions on the Bitcoin blockchain are public, for the most part. It’s only a matter of time before the IRS is able to trace these transactions back to taxpayers, Walker told Crypto Briefing.

More alarming is that more than 50% of CPAs expect that at least half of their clients will be audited for back taxes on their crypto holdings, according to a joint report by Blox and Sovos. Reputable exchanges report activity from crypto traders to the IRS. Coinbase, Kraken, Binance.US, and Gemini all disclose this information to tax agencies, making evasion difficult.

In June of last year, the IRS mass mailed targeted letters to taxpayers suspected of “misreporting” cryptocurrency transactions. British tax authority HM Revenue & Customs has issued similar warnings.

“Cryptoassets like Bitcoin have attracted a lot of interest from people who are new to investing and have probably never filed a tax return in their life. It’s really important for investors to start doing the maths now so they know how much profit they’ve made and the tax due,” said Iqbal Gandham, UK managing director of eToro.

These authorities are serious, and it’s likely they’ll continue to crackdown on those intentionally and unintentionally underpaying on their taxes.

Caveats and Strategies Around Cryptocurrency Income Recognition There are, however, some caveats. Exchanges don’t always immediately recognize forks as tradable assets, and many do not register airdrops at all. This can be used to the taxpayer’s advantage.

Coinbase, for example, did not offer support for BCH for a full four months after the fork. As a result, holders wouldn’t recognize income until they could “exercise control” over the asset. That is, until they could transfer and trade it.

So, for those trading on Coinbase, income wouldn’t be recognized until that date, when Bitcoin Cash was worth over $2,500 per coin (instead of $290 per coin).

This fact can be used as a tool to reduce tax liability. By storing coins on an exchange, a holder can avoid getting bombarded by airdrops, which would normally trigger taxable events.

To take advantage of this, an investor could store coins on an exchange and wait until their income drops⁠ to claim those coins (supposing they waited until they could offset their gains by selling some coins at a loss, or expected less income in a coming tax year⁠).

How to Report Forks and Airdrops on Your Taxes In sum, here’s how to report forks, airdrops, and capital gains on a tax return. The following exercise uses the Bitcoin Cash fork and Tron airdrop from the earlier examples. The entire process requires four different IRS forms.

These include the following: the 8949: Sales and Other Disposition of Capital Assets, the Schedule 1: Additional Income and Adjustments to Income, the 1040, Schedule D: Capital Gains and Losses, and the 1040: Individual Income Tax Return.

Assuming the taxpayer received 1.0 Bitcoin Cash from the fork and 50 Tron from the airdrop in the earlier example, first fill out the Schedule 1 as follows:

($290 x 1 BCH) + (50 TRX x $0.5) = $315 Then, for the capital gains associated with the sale of the Bitcoin Cash, itemize each sale and report it on form 8949. For those who trade regularly attaching a spreadsheet can greatly speed-up the process.

(Sale price: $380) - (Price at fork: $290) = $90 gain The sum of these cryptocurrency sales are then reported on Form 1040, Schedule D. Finally, input these figures on the 1040 form with all other sources of income:

(Capital Gains: $90) + (Fork and Airdrop Income: $315) = $405 total income Between the fork, the capital gain, and the airdrop, this taxpayer would have $405 in additional total income.

At first glance, it may seem that reporting tens and sometimes hundreds of cryptocurrency transactions would be daunting. It is, without the aid of spreadsheets or software.

But, with enough diligence, it’s possible to report these transactions yourself. Beyond that, those who plan in advance can even reduce how much they owe, allowing them to keep more of their hard-fought gains.

For more information on proper filing, refer to official guidance from the IRS and their frequently asked questions guide.

The information presented here does not represent tax advice. Please consult with a professional before making decisions about your taxes.

Disclosure: This article was edited by Mitchell Moos. For more information on how we create and review content, see our Editorial Policy.

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On-chain data shows Bitcoin HODLers are still able to sell at a profit while the weak hands are going through a major capitulation event.

Bitcoin Diamond Hands Still Comfortably Selling At A Profit As pointed out by CryptoQuant Head of Research Julio Moreno in a new post on X, the BTC short-term holders have capitulated during this latest downturn in the market.

The “short-term holders” (STHs) make up for one of the two main divisions of the Bitcoin userbase done on the basis of holding time, with the other group being called the “long-term holders” (LTHs).

The cutoff between the two groups is 155 days, with investors who have been holding since less than this time falling into the STHs and those with more qualifying as LTHs.

Statistically, the longer an investor holds onto their coins, the less likely they become to sell or transfer them at any point. As such, the STHs represent the weak-minded side of the market, while the LTHs include the HODLers.

During the latest crash, both of these cohorts have shown a reaction, but this reaction has been very different between the two. To showcase this difference, Moreno has made use of the “Spent Output Profit Ratio” (SOPR) indicator.

The SOPR basically tells us about whether a given group is selling Bitcoin at a profit or loss right now. The metric being above 1 implies members of the group are realizing profits, while it being under suggests loss-taking is the dominant mode of selling.

Now, here is a chart that shows the recent trend in the Bitcoin SOPR for the STH and LTH cohorts:

The difference between the behavior of the STHs and LTHs | Source: @jjcmoreno on X As displayed in the graph, the Bitcoin STH SOPR has been mostly at levels under 1 during the latest drawdown in the price, implying that these investors have been selling at a loss.

At its worst, the indicator had even fallen under the 0.8 mark, suggesting that the cohort had been taking a loss of more than 20%. Clearly, these fickle-minded hands were thrown into quite a panic by the crash.

While the STHs have been capitulating, the LTHs are still participating in net profit-taking, as the SOPR for them has remained strong above the 1 level. The indicator even reached a notable level during the rebound BTC saw following its lows, suggesting that these diamond hands had sold for significant gains.

Some STHs, too, had managed to take profits in this recovery, but as is visible in the chart, the metric had only slightly breached the 1 mark and that too just briefly, meaning that the profit realization hadn’t been anything significant and had lasted for only a moment.

BTC Price At the time of writing, Bitcoin is trading at around $55,000, down more than 17% over the past week.

Looks like the price of the coin has been sliding down recently | Source: BTCUSD on TradingView Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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A notable diamond hand investor recently sold 199 Bitcoin ($13.55 million) for a profit, according to data from Lookonchain. This transaction marks another significant move for the investor, who has made a series of profitable sales over the years.

https://twitter.com/lookonchain/status/1847196510666346762?s=46

Bitcoin Investor Pulls $44M Profit After Strategic Sales Over 5 Years He pulled out 801 Bitcoin ($8.25 million) from HTX exchange five years ago when Bitcoin was only at $10,297. Since then, the individual has gradually been offloading parts of their holdings and within the last month they have disposed of 500 Bitcoin worth $32.13 million.

At the moment, the investor owns 301 BTCs, which is equal to $20.42 million. The accumulative revenues from such transactions have now risen to about $44.28 million, further demonstrating their performance in terms of good holding gains and timed exit gains.

Diamond Hand Investor’s Volatility Management Leads to Huge $BTC Profits This ‘diamond hand’ strategy is based on the investor’s confidence in Bitcoin’s fundamentals, while they are at the same time making good money out of short-term price movements. The fact that the investor has been selling considerable proportions of it especially when Bitcoin prices had skyrocketed in the months prior to the writing of this paper, affirms the investor’s volatility management, and portfolio health.

Stories like this, from Lookonchain, show how Bitcoin attracts both retail and institutional investors, and may result in large gains for those who could afford to wait out the cycles.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure.

Long-Term Holders Accumulating With Minimal Spending According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr.

The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price. 

Source: Axel Adler Jr on X In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders. 

This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024.

Why It’s Bullish For The Market The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone.

Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily.

What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000.

At the time of writing, Bitcoin is trading at $109,000.

BTC trading at $108,723 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com

Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) have shown strength amid the crypto market’s correction and the flagship crypto’s latest performance. Some experts have praised investors’ resilience, suggesting that the “real story” is not in the recent outflows.

ETFs Investors Hold Strong Despite Market Downturn On Thursday, Nate Geraci, co-founder of the ETF Institute, affirmed that Bitcoin ETF investors have “largely displayed diamond hands” during the recent crypto market downturn.

The flagship crypto has seen a 48.2% correction from its October 6, 2025, all-time high (ATH), recording five consecutive months of strong bleeding after the October 10 market crash.

Since then, spot BTC ETFs have seen about $6.5 billion in outflows, the expert observed, which he considers a “drop in the bucket” compared to the $55 billion in cumulative total net inflows that the category has seen since launching in January 2024.

It’s worth noting that crypto-based investment products have seen five weeks of outflows this year, with Bitcoin having the weakest sentiment among major assets amid the negative market sentiment of the past month.

According to SoSoValue data, BTC funds have recorded $3.81 billion in net outflows since January 23, starting the week with $203.82 million in outflows on Monday.

However, Geraci highlighted potential renewed demand for the investment products as the category sees a three-day streak of consistent inflows. Notably, Bitcoin ETFs have seen over $1 billion in inflows over the past three days, setting the stage for their potential biggest week since mid-January.

The ETF expert emphasized that 50% drawdowns “are a walk in the park for long-time BTC investors,” but observed that newer ETF investors also appear unfazed by the current market conditions.

“Not first time btc has experienced 50% decline & likely won’t be the last. ETF investors clearly aren’t panicking, though. Apparently buying the dip,” he wrote on X.

Bitcoin ETFs Strength Is The ‘Real Story’ Bloomberg Intelligence Senior ETF Analyst Eric Balchunas backed Geraci’s comment, praising the remarkable performance of spot Bitcoin ETFs over the past two years.

“As an ETF watcher, you know just how absurd this strength amid a 50% drawdown,” Balchunas stated. “This is the real story, vs focusing on the $6b that came out, which most stories do.”

“Further, the narrative that crypto is ‘paying the price’ for getting financialized is absurd. $55b in net new cash in two years is the opposite of paying the price,” he added on X.

In a recent interview, the senior analyst observed that the amount of Bitcoin held by ETFs is only down around 6% despite the market pullback. He noted that these types of corrections happen to every asset, including bonds and stocks, before recovering.

Stocks have the same thing. Every time stocks go down, I remind myself and then other people that stocks have a 100% perfect record of coming back to hit all-time highs from a downturn. So, why would I worry that much, right?

Balchunas affirmed that these assets can have “really horrible streaks, but then when they come back around, the flows come back.” He concluded that the price volatility and the negative market sentiment are “the cost of the holy grail returns that most people have gotten.”

Bitcoin trades at $65,366 in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

The head of a $230 billion Singaporean investment fund is the latest high-profile public figure to have their likeness used to promote Bitcoin Pro – an investment scam making the rounds on Facebook.

Ho Ching, who has served as Temasek’s CEO since 2004, warned her more than 57,000 followers on Monday:

“Just to alert everyone that there have been some more fat frogs jumping in the streets! […] The scams masquerading as breathless news from Straits Times, Channel News Asia, etc, have resurfaced and are making the rounds again, using my name and making up fake breathtaking quotes from me and others.”

Fake Ad of Bitcoin Investment Scam The ad bears the “as seen on” logos of several legitimate and reputable media outlets, including The New Paper, The Business Times, Today, The Independent Singapore, and Singapore Business Review.

In a “special report” titled “Ho Ching Latest Investment Has Experts in Awe and Big Banks Terrified,” the ad makes several false and sensationalist claims attributed to Ho, including details of a supposed call between Ho and the head of a major bank in which they beg her “stop divulging money-making secrets.”

Ho encouraged her followers to report the ad and cautioned them against getting conned into “get rich quick schemes” like Bitcoin Pro.

A spokesperson for Temasek said:

“These are not new scams – they’ve been around a long time and have targeted many high profile individuals, not just Ho Ching.

“At the end of the day, people need to be aware before committing to anything they see online endorsed by anyone with a public profile.”

Bitcoin Pro By Any Other Name Still a Scam Bitcoin Pro appears to be the latest iteration of the Bitcoin Revolution scam. Similar scams have appeared recently under names like Bitcoin Looper and Bitcoin Evolution.

You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control  Regardless of the name, all of these scams have several things in common:

They advertise their scam on Facebook using ads that feature fake “news articles” about some famous celebrity or other public figure making sick amounts of money using their program. Like most high-yield investment plans (HYIPs) they promise dizzying profits in a matter of days, weeks, or months. They are practically clones of each other, using the same verbiage and making the same outlandish claims. Ho isn’t the first high-profile Singaporean to be unwittingly caught up in this scam. Earlier this year, former Prime Minister Goh Chok Tong had his likeness used to promote the scam, prompting the Monetary Authority of Singapore (MAS) to issue an official warning about the scam.

Bitcoin Scam Ads on Facebook are Hard to Kill Although Facebook removes the ads when they become aware of them, policing the Bitcoin scam ads appears to be akin to a game of whack-a-mole – no sooner do they take one down than another one (or more) pops up in its place.

A spokesperson for the social media giant cited the technical savviness of the scammers as one of the chief reasons it is so difficult to prevent the ads from being published. He explained that they “use sophisticated cloaking technology to mask content so that it shows different versions to our ad review systems than it does to people.”

“We encourage our community to report ads they believe are misleading as this information helps us improve our automated detection systems to counter cloaking tactics and make us better,” the spokesperson added.

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Koreans Insanely Excited by SOLVE as Market Consolidation Continues

Bitcoin Recent Over 20% Dip In The Last 7 Days Is Only But A Buying Opportunity, Historical Data Shows 

CryptoQuant analyst MAC_D in a new report, suggested that a sharp decline in Bitcoin‘s (BTC) price and funding rates could present a buying opportunity that might increase the cryptocurrency’s value.

Leveraged Trades in BitcoinThe senior analyst argued that following investors piling into leveraged long positions, the token’s funding rates soared to a high level of 0.049% on January 2nd. This occurred while the market was anticipating the decision of the U.S. Securities and Exchange Commission on the BTC Spot ETF.

According to data from 21milyon.com, when the article was written, BTC’s funding rate was 0.001%. Therefore, despite the token’s recent price movement, the market continued to show a bullish trend. According to MAC_D, for the current downtrend to end, a capitulation event that results in the mass liquidation of these long positions needs to occur. The analyst stated the following in his remarks:

If there are sharp price drops and the funding rate turns negative on the 1-hour chart, it could mean that leveraged investors are overly pessimistic about the market, which could be a good opportunity to buy back BTC.

Funding Rate in BTCThis could mean that two things need to happen for BTC to witness an upward price correction. A sharp decline in the value of the cryptocurrency and a negative funding rate on the 1-hour chart could lead to significant pessimism among leveraged investors, yet offer a potential buying opportunity for those with a longer-term investment horizon. At the time of writing, BTC was trading at $39,956. According to data from CoinMarketCap, since the BTC ETFs started trading on January 10th, the token’s value has dropped by 13%.

The mentioned price drop could be due to an increase in profit-taking activity, which led to an increase in the token’s exchange reserves. Since January 10th, the total number of BTC held on exchanges increased by 0.47%. According to CryptoQuant, at the time of writing, there were 2.1 million BTC on exchanges. As token sales increased, the profitability of daily BTC transactions also decreased. According to Santiment data, since January 10th, the daily profit/loss ratio of BTC transaction volume has dropped by 10%.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Buying bitcoin when CZ tweets ‘gm’ has paid off so far — but so has stacking sats

Cryptocurrency traders are keeping a close eye on the Bitcoin market as a potential “bargain-buying” window opens up ahead of the upcoming Bitcoin halving, scheduled for April. Prominent pseudonymous crypto trader Rekt Capital has outlined a five-stage market pattern, signaling that investors may have just two weeks to make the most of favorable prices before a pre-halving rally begins.

Bitcoin halving: A catalyst for bullish sentiment The Bitcoin halving occurs approximately every four years and involves cutting mining rewards in half for miners. This event has historically been regarded as a bullish catalyst for Bitcoin’s price. 

Rekt Capital highlights that the previous Bitcoin halvings have been characterized by steep price dips in the months leading up to the event, ultimately generating substantial returns for investors. The upcoming halving in 2024 appears to be following this historical pattern.

Rekt Capital points out that Bitcoin has already undergone an approximately 18% retracement in January, suggesting that there is currently a two-week window during which Bitcoin may undergo another significant pullback. According to the trader, this period could represent one of the final opportunities for investors to buy Bitcoin at attractive prices before the pre-halving rally begins.

#BTC

5 Phases of The Bitcoin Halving

1. Pre-Halving period

Approximately 77 days remain until the Bitcoin Halving in April 2024

Historically, any deeper retraces that occur during this orange period tend to generate fantastic Return On Investment for investors in the several… pic.twitter.com/8JC8qX2IVm

— Rekt Capital (@rektcapital) January 29, 2024 Pre-halving rally phase Following this potential short-term pullback, Bitcoin typically enters what Rekt Capital terms the “pre-halving rally” phase approximately 60 days before the halving event. During this phase, short-term traders aim to capitalize on the growing anticipation and “buy the hype” leading up to the halving. However, as the halving date approaches, a “sell the news” sentiment tends to set in, often occurring one to three weeks before the halving.

In the previous two Bitcoin halvings, Rekt Capital notes that a significant price dip occurred during the weeks preceding the halving. 2016, there was a 38% price dip, while in 2020, a 20% drawdown was observed. This pre-halving retrace is common as traders take profits, resulting in a temporary price decline.

Post-halving : Sideways price action Once the halving event has successfully transpired, Bitcoin enters a relatively “boring” phase characterized by sideways price action. This period can last an average of 150 days, often disappointing investors who expected immediate price surges following the halving. Many investors get “shaken out” during this time due to the lack of significant price movements.

Finally, Rekt Capital highlights the “parabolic uptrend” phase that follows months of accumulation and sideways trading. Bitcoin experiences accelerated growth during this phase and often reaches new all-time highs.

While Rekt Capital emphasizes the importance of the halving in shaping Bitcoin’s price action, not all experts agree. Some argue that the impact of halving on price is diminishing, with other factors taking precedence. 

Ralph Zagury, Chief Investment Officer of Swan Bitcoin, suggests that liquidity is more integral in influencing Bitcoin’s price in 2024. He contends that flows and market dynamics are the primary drivers of price, rendering the halving less impactful than previously thought.

This Week in Crypto: Bitcoin Falls, BlackRock Blockchain Speculation, and Binance Delisting

The past month has been unusually difficult for crypto markets. Nearly all major assets have traded lower following the record liquidation event of October 11, which triggered a broad risk-off phase across the sector. Bitcoin has continued to slide since, pulling most correlated tokens down with it.

Yet in the same period, some assets have behaved differently. While the broader market moved as a single macro-driven block, a few tokens showed price dynamics that didn’t fit the usual pattern. One of the most notable examples comes from football, specifically, from the Arsenal Fan Token ($AFC). That divergence raises an interesting question: what drives Fan Token valuations when the rest of crypto is falling?

Fan Tokens Decouple From the Crypto Market The past month has been challenging for crypto markets, with almost every major asset trading in negative territory. The downturn began on October 11, when the largest crypto liquidation event on record erased more than $20 billion in open interest immediately after the U.S. announced a tariff hike on China. The shock accelerated selling across the market and triggered a sustained decline: since that point, Bitcoin has fallen a further ~15%, dragging down the majority of tokens that remain closely correlated to it.

Source: TradingView

However, not all tokens respond to market conditions in the same way. Fan Tokens exhibit behaviours that set them apart from typical crypto assets. Their price action is heavily influenced by major football events and periods of high engagement, often causing them to decouple from Bitcoin and the broader market cycle. When anticipation and excitement build around a club’s performance, Fan Tokens tend to move according to sporting momentum rather than macro sentiment.

A clear example is the Arsenal Fan Token ($AFC). From the market bottom on October 11, $AFC sharply diverged from crypto benchmarks, outperforming $BTC, $CHZ, and $TOTAL3 (total crypto market cap excluding $BTC and $ETH). Over just slightly more than a month, $AFC gained over 30%. For comparison, $CHZ, the broad benchmark for Fan Tokens, increased nearly 19%, already strong relative to the market backdrop. Meanwhile, $TOTAL3 and $BTC declined by -2.4% and -7.6% over the same period.

Source: TradingView

Arsenal Case Study: Sporting Momentum as a Pricing Catalyst The clearest driver behind this decorrelation was Arsenal’s extended run of 10 consecutive victories across the Premier League and Champions League between September 25 and November 11.

Source: Diretta.it

As illustrated in the match sequence chart, each numbered point corresponds to one of those wins. After the October 10 crypto crash, the winning streak became the dominant catalyst shaping $AFC price action. Rising confidence among fans, combined with traders positioning around the possibility of yet another win, likely sustained continuous buy pressure. This dynamic pushed $AFC not only to recover its losses from the broader market sell-off but to move decisively higher in the weeks that followed.

Source: TradingView.

Arsenal’s case is not an anomaly. Similar price behaviours have appeared across other major Fan Tokens when clubs entered high-stakes phases of competition.

A clear example is Tottenham’s run in the Europa League 2025. After the club secured victory in the quarter-final and expectations of reaching the final increased, $SPURS began to reprice sharply higher. Over the following month, the token fully decoupled from broader crypto trends, with its correlation to Bitcoin dropping rapidly. At its peak, $SPURS gained +83% compared to Bitcoin’s +13%, a significant relative outperformance driven almost entirely by football-specific catalysts rather than market conditions.

Source: TradingView

A similar pattern emerged with Paris Saint-Germain during the Champions League 2025 campaign. After PSG advanced to the semi-finals and the probability of reaching the final increased, $PSG repriced meaningfully higher. Like Tottenham, the token broke correlation with Bitcoin and the broader market, showing independent behaviour. At its peak, $PSG reached +40% against Bitcoin’s +17%, again reflecting sentiment tied to football performance rather than crypto beta.

Source: TradingView

These cases highlight a fundamental characteristic of Fan Tokens: their performance is directly linked to sporting momentum, expectations, and tournament stakes. As confidence around a club rises, traders increasingly treat Fan Tokens as a way to express expectations about future results. In practice, this makes them function as an alternative to binary prediction markets such as Polymarket or Kalshi, and as a more transparent, continuous alternative to traditional sportsbook markets, where odds are centrally controlled.

Fan Tokens as Prediction Assets  Unlike a sportsbook bet that locks users into a single outcome, Fan Tokens operate in a 24/7, liquid market where positions can be opened, closed, or scaled at any time. Investors are not betting on a single result, they are trading on momentum, probability, and belief. This shifts speculation from a one-off wager to an ongoing market-priced forecast.

Fan Tokens can also be used alongside prediction markets to exploit inefficiencies across related markets when expectations diverge. For example, if a club’s Fan Token begins pricing in higher confidence before odds adjust on a prediction platform, traders can act on that mismatch.

The rapid growth of on-chain prediction markets reinforces this dynamic. As more users become accustomed to speculating on sports outcomes, especially through platforms like Polymarket, that behaviour naturally extends to Fan Tokens, increasing liquidity, visibility, and demand across both ecosystems.

Source: Google Trends. Term: Polymarket.

A concrete way to observe the connection between Fan Tokens and prediction dynamics is by looking at the “English Premier League Winner” market on Polymarket, which settles in May 2026. Before October 2025, Manchester City was slightly favoured over Arsenal. However, as Arsenal entered its winning streak, the market rapidly repriced expectations: Arsenal’s implied probability rose from roughly 35% to 55%, while Manchester City dropped from around 45% to 30%.

Source: Polymarket

A similar repricing occurred in the Fan Token market over the same period. While Arsenal was outperforming on the pitch, $AFC appreciated more than 30%, whereas $CITY declined by over 5% across the same timeframe. 

This divergence created two distinct trading approaches. A trader expecting Arsenal’s strong form to continue could simply take a directional position by going long $AFC. However, a more risk-controlled approach would be to trade the relative performance between the two clubs, going long $AFC and short $CITY. In that case, the bet is not on the absolute movement of the token, but on Arsenal outperforming Manchester City on the field, with the market continuously adjusting that expectation in real time. This is also a key difference between Fan Tokens and traditional betting: investors can hedge, neutralise wider market volatility, and express views on sporting momentum rather than binary outcomes.

Source: TradingView

The parallel movements across both markets, prediction platforms and Fan Tokens, send a consistent signal: Fan Tokens are highly sensitive to sporting performance and collective belief around future outcomes. As confidence grows or fades, Fan Token prices adjust in real time, allowing traders to gain or reduce exposure to a club’s trajectory rather than to the broader crypto market.

Conclusion The recent performance of $AFC, and similar patterns observed across $SPURS and $PSG, shows that while Fan Tokens remain broadly correlated to the wider crypto market, they possess unique dynamics that can override that correlation during key sporting moments. Their pricing is still influenced by macro trends, but real-world outcomes, momentum, and fan expectations can trigger periods of decorrelation and independent price discovery. When anticipation builds around a club’s trajectory, Fan Tokens reflect that belief in real time, often regardless of market-wide sentiment. For traders and fans alike, these assets provide a liquid, transparent and continuous way to take a view on sporting outcomes rather than macro conditions.

As the prediction-asset narrative gains traction across crypto and on-chain prediction markets attract growing participation, Fan Tokens naturally sit at the intersection of these two trends. Their value does not depend on isolated event settlements, but on the dynamic repricing of probabilities as a season unfolds. If current behavioural patterns continue, Fan Tokens may emerge as one of the clearest real-world demonstrations of markets pricing expectations, and one of the most accessible on-chain entry points for speculating on sport.

FanTokens | Link

Polymarket | Link

Kalshi | Link

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In a market breakdown shared on X, independent trader and Zero Complexity Trading founder Koroush Khaneghah points to a handful of critical crypto charts that he believes could dictate the next major market move. Khaneghah, who has invested in over 50 startups, emphasizes that the charts for BTC/USD, BTC Dominance (BTC.D), TOTAL2, ETH/BTC, and SOL/BTC provide invaluable insights into the crypto market’s current condition and possible future shifts.

BTC/USD: Defining The Crypto Market Khaneghah identifies BTC/USD as the yardstick for gauging what stage of the bull run the market might be in. According to his view:

“This decides what stage of the bull run we’re in.
– Breaks above ATH resume the bull run
– Consolidation below ATH -> Altcoins enter accumulation zones
– Major structural breaks -> Time to turn bearish”

He suggests traders begin by determining which of three market environments Bitcoin is in: a raging bull market, a consolidation phase, or a structural downturn. Currently, Khaneghah sees BTC/USD “ranging below all-time highs, coming off some major uptrends,” which often presents either a catch-up scenario for altcoins or a prolonged accumulation phase ahead of Bitcoin’s next attempt to break all-time highs.

Bitcoin price analysis, 1-day chart | Source: X @KoroushAK BTC Dominance (BTC.D) To clarify whether altcoins are poised for a significant move, Khaneghah turns to BTC Dominance. As he explains: “BTC.D (bitcoin dominance) tracks Bitcoin’s share of the total crypto market cap. “Increasing Dominance = BTC outperforms and altcoins lag (same for upside and downside). Decreasing Dominance = BTC cools off and money flows into Altcoins.”

BTC.D, 1-week chart | Source: X @KoroushAK Dominance rising typically means Bitcoin is absorbing the bulk of market liquidity. Meanwhile, a drop in BTC.D often suggests altcoins are about to see greater inflows of capital.

Crypto Market Cap Excluding Bitcoin (TOTAL2) The TOTAL2 chart, which excludes Bitcoin from the total crypto market capitalization, is key to analyzing altcoin behavior. Khaneghah advises: “When BTC.D Falls, TOTAL2 increases because capital is rotating into altcoins. When TOTAL2 breaks out, look for longs on the strongest altcoins, rotate out of Bitcoin, and shift capital into alts again.”

Crypto TOTAL2, 3-week chart | Source: X @KoroushAK He stresses that the highest probability trades come from identifying moments when the market rotates away from Bitcoin. In these instances, traders might see stronger returns by entering altcoin positions rather than remaining primarily in BTC.

ETH/BTC Khaneghah underscores that ETH/BTC is a helpful barometer for broader altcoin sentiment: “The best altcoin plays happen when ETH/BTC stops trending downwards because the market confidence in alts returns here.”

ETHBTC, 3-week chart | Source: X @KoroushAK When Ethereum is outperforming Bitcoin or stabilizing against it, it generally sparks confidence that altcoins could experience rallies, often referred to as “altseason.”

SOL/BTC Khaneghah also shines a spotlight on SOL/BTC, suggesting that Solana’s performance relative to Bitcoin could reshape altcoin capital rotation: “I don’t normally look at this but a comparison helps decide if the money rotation has a better reward within the SOL ecosystem or ETH. People will think SOL has ‘pumped already’ but I like buying coins with strength, rather than buying coins that might catch a bid.”

SOLBTC, 1-week chart | Source: X @KoroushAK While Solana has posted significant gains, Khaneghah believes its strong performance could continue. He notes that if Solana keeps outperforming Bitcoin, some capital might shift away from ETH, potentially amplifying activity across the SOL ecosystem.

At press time, BTC traded at $105,026.

BTC price, 4-hour chart | Source: BTCUSDT on Tradingview.com Featured image from Shutterstock, chart from TradingView.com

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On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has just seen a signal that could prove to be bearish for ETH’s price.

Ethereum MVRV Momentum Has Witnessed A Bearish Crossover As pointed out by analyst Ali Martinez in a new post on X, the Ethereum MVRV Ratio has declined under its 160-day moving average (MA) recently. The “MVRV Ratio” refers to an on-chain indicator that keeps track of the ratio between the Ethereum market cap and the realized cap.

The realized cap here is a capitalization model that calculates ETH’s total valuation by assuming that the ‘real’ value of each token in circulation is equal to the spot price at which it was last transferred on the blockchain.

Since the last transaction of any coin is likely to correspond to the last point at which it changed hands, the Realized Cap essentially measures the sum of the cost basis of the circulating supply. This model could also be looked at as a representation of the amount of capital the investors as whole have put into Ethereum. In contrast, the market cap is the value that the holders are carrying right now.

When the value of the MVRV Ratio is greater than 1, it means the market cap is greater than the realized cap. Such a trend implies the investors as a whole are sitting on unrealized gains. On the other hand, the metric being under the mark suggests the holders are carrying a lower value than they initially put in, so the average investor could be considered underwater.

Now, here is the chart shared by the analyst that shows the trend in the Ethereum MVRV Ratio, as well as its 160-day MA, over the past year:

The two metrics appear to have crossed each other in recent days | Source: @ali_charts on X As is visible in the above graph, the Ethereum MVRV Ratio has registered a decline recently as ETH’s price has followed a bearish trajectory. The indicator is still above the 1 mark after this drawdown, suggesting the overall market remains in the green.

The metric’s fall, however, has meant that it has slipped under its 160-day MA. The combination of the indicator’s daily value and its 160-day is known as the MVRV Momentum. In the chart, Martinez has highlighted what happened the last time the MVRV Momentum showed a similar pattern as recently.

It would appear that the MVRV Ratio crossing under its 160-day MA led to a 40% price correction for Ethereum last year. It now remains to be seen whether the negative momentum in the indicator would also prove to be bearish for the cryptocurrency this time as well or not.

ETH Price At the time of writing, Ethereum is floating around $3,200, up more than 2% over the last seven days.

Looks like the price of the coin has seen a decline recently | Source: ETHUSDT on TradingView Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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Shiba Inu could see its price eliminate a leading zero and trade with a market cap exceeding $132 billion if Solana reaches a price of $3,000.

Crypto assets like Solana (SOL) and Shiba Inu (SHIB) have experienced similar price dips recently as the bull momentum stalls but Optimism remains high in the crypto community regarding the future performance of both Solana and Shiba Inu. Both assets have a history of impressive growth during bull runs, and market participants are confident in their price actions.

For instance, at its current price of $240, Solana is up 183% over the past year. Similarly, at $0.00001983, Shiba Inu has gained 124% over the same timeframe.

This analysis considers the potential price of Shiba Inu should Solana’s value expand by more than ten-fold during this bull run.

Shiba Inu Price If Solana Reaches $3,000 At Solana’s current price of $247, a rise to $3,000 would require an increase of 1,115%. Notably, Solana currently has a market cap of $120.45 billion with a circulating supply of 486 million.

Should it maintain this supply, a price of $3,000 would bring Solana’s market cap to approximately $1.46 trillion, implying a 12-fold growth.

The market cap difference between Shiba Inu and Solana is approximately $110 billion. If Shiba Inu were to follow a similar growth pattern as Solana’s rise to $3,000 (i.e., its market cap grew by 12x), its cap could potentially increase to about $132 billion.

At press time, Shiba Inu is trading at $0.00001983 with a supply of 589 trillion tokens. A $132 billion market cap for SHIB would correspond to a unit price of $0.00024094. 

This suggests that Shiba Inu could potentially cancel another zero if Solana reaches a $1.46 trillion market cap, especially if the current gap between the two assets remains unchanged.

Can Shiba Inu Reach a $132 Billion Market Cap? Numerous market analysts have expressed the belief that Shiba Inu could surpass a $100 billion valuation in this cycle. Recently, a Bitcoin analyst predicted that SHIB could reach prices of $0.000183312 (an 821% gain) and $0.0004729 (a 2,276% gain). 

For context, both price projections would imply a market cap exceeding $100 billion for SHIB. Specifically, the $0.0004729 price corresponds to a $278 billion market cap, which the analyst believes is achievable this year.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.