Alpha Analyzer | Crypto Signal Scanner
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Repost from Ash Crypto
GALA is consolidating here and should be a good hold for mid term.
Gamefi is still a strong narrative and gala is a big contender in it.
Bitcoin Halving
Less than one hour to go
840,000
Event Block Height
839,994
Current Block Height
564.0
Block Time
USD 63607.99
Exchange Rate
BTC 1.25 t
Market Cap
Difficulty
86.389 t
What is a Bitcoin block halving event?
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.
Why was this done?
Conventional FIAT currencies are subject to inflation due to the ability of governments or banks to increase the money supply. Unlike these currencies, Bitcoin has a capped total supply of 21,000,000 BTC, meaning no additional coins can be created beyond this limit. This finite supply, alongside potential changes in demand as more people adopt Bitcoin, positions it similarly to gold - a resource with a limited supply that cannot be artificially increased.
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Repost from Ash Crypto
April 17th : Bitcoin 1D
1st Demand zone - $60,000
2nd Demand zone - $52,000
We are going to $100k+ so don’t let short term volatility mess up your trade. Hold your spot positions tight and chill.
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Notable Tweet
Source
My targets for next 12-15months:
$BTC: $100k-$250k
$ETH: $10k-$15k
$BNB: $900-$1,400
$SOL: $450-$650
$XRP: $3-$5
$DOGE: $1
$DOT: $100-$120
$LINK: $250-$500
$AVAX: $200-$300
$ICP: $120-$160
$INJ: $180-$250
$TIA: $100-$150
$MANTA: $30-$70
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Bitcoin Halving
02 DAYS 14 HOURS
The bitcoin halving is imminent. This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half.
The aim is to reduce the pace at which new bitcoin enter the market. Since there will ever only be 21 million bitcoin, the halving serves to create more bitcoin scarcity.
In the past, halving has preceded massive rises in bitcoin prices to new all-time highs. But this time, things are different.
The bitcoin “halving” is almost upon us.
This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market.
Since there will ever only be 21 million bitcoins, the halving serves to create more scarcity.
In the past, halving has preceded massive rises in bitcoin prices to new all-time highs. But this time, things are different.
Bitcoin has already hit a new record high, before the halving has taken place. That’s because the approval of spot bitcoin exchange-trade funds has excited the market and brought in lots of demand for the cryptocurrency.
It is highly probable that Bitcoin can see a drop of 30%+ after the halving, before rocketing to $100k+ by the end of the year.
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Ripple CEO's Bullish Crypto Forecast: $5 Trillion Market by 2024
Source
Ripple CEO Brad Garlinghouse has boldly predicted that the total crypto market cap will surge to $5 trillion by the end of 2024, sparking excitement and speculation within the crypto community. This forecast would represent a doubling of the current market cap, which stands at approximately $2.5 trillion. The potential implications of such growth are significant, possibly impacting the financial landscape and cryptocurrency adoption worldwide. The Ripple community and beyond are now buzzing with anticipation and curiosity about the future of the crypto market.
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