Founded under the pseudonym “Ryoshi” in August 2020, the SHIBA INU token, or SHIB, has quickly morphed into a crypto sensation. An Ethereum-based token, it champions the decentralization narrative, rallying a broad global audience to its fold. By September 17, 2021, Coinbase, a prominent U.S. crypto exchange, had added Shiba Inu to its listing, which…
Predicting Bitcoin’s Price Through Historical Data Historical trends and data points often shed light on potential future movements, especially in the volatile world of cryptocurrencies. September, based on our comprehensive analysis, traditionally poses challenges for Bitcoin, the leading digital currency. In September 2022, Bitcoin experienced a decrease of -3.09%. This decline was the most notable…
Jasmy Coin, the cryptocurrency tethered to Tokyo’s renowned IoT service provider, Jasmy Corporation, has captured the attention of technical analysts and market stakeholders. Its recent price actions have signaled potential opportunities and challenges ahead. Our detailed analysis on August 13 revealed that Jasmy Coin successfully breached its descending trend line, a line that had been…
Pepe coin is displaying potential signs of resurgence, after a tumultuous period characterized by an over 80% drop in value and scandals involving insider trading and scams linked to its founder. Technical indicators across different time frames hint at a possible bullish momentum for the cryptocurrency. Technical Analysis: Both RSI and MACD Indicate Bullish Momentum Daily…
The rise of artificial intelligence has brought forth a myriad of tools and platforms, one of which is Character AI. According to a16z, CharacterAI is ranked 2nd in the top 50 GenAI web products, trailing only ChatGPT. It’s a prominent companion platform to ChatGPT, holding approximately 21% of ChatGPT’s scale. On mobile, CharacterAI showcases strong performance,…
As the world of finance undergoes rapid digital transformation, the introduction of novel payment methods, including cryptocurrency and the much-anticipated Central Bank Digital Currencies (CBDC), is reshaping the industry. Prakash Pattni, in his recent analysis, highlights the challenges and opportunities this presents, especially for traditional banking institutions. The rise of disruptive digital entrants has intensified…
ChatGPT, an AI model developed by OpenAI, has recently offered insights into the likelihood of Ripple’s XRP reaching the $1 milestone in 2023, with our prompts. While the analysis is data-driven, it’s important to clarify that these are not financial recommendations. XRP is a digital asset that was created by Ripple Labs in 2012. Unlike…
Key Takeaways * By 2028, only 9% of all payments are expected to be made in physical currency. * Central Bank Digital Currencies (CBDCs) are under development, but their design raises questions about privacy and personal freedom. * Critics argue that digital payment systems, unlike cash, can be monitored and can refuse service without consequence….
Amidst an imminent government shutdown due to Congress’s stalled federal appropriations bill for the fiscal year beginning October 1, 2023, the financial sector holds its breath. The potential shutdown’s ripple effects are poised to stretch beyond traditional markets, reaching into the cryptocurrency sphere, particularly Bitcoin, according to Greg Cipolaro, Global Head of Research at NYDIG. Federal…
The comprehensive evaluation on Ethereum (ETH) by VanEck Research, led by Matthew Sigel, the Head of Digital Assets Research, and Patrick Bush, Senior Investment Analyst, Digital Assets, has revised the price target for Ethereum to $11.8k by 2030, following Ethereum’s hard fork. This revision is due to a more precise valuation model that took into…