Bitcoin Returns Mirror Late-2022 Levels Seen Before 67% Rally: Santiment
On-chain analytics firm Santiment has highlighted how the average Bitcoin returns of the buyers from the past year are looking similar to late 2022. 365-Day Bitcoin MVRV Ratio Has Plunged Recently In a new post on X, Santiment has talked about the latest trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the market cap of the asset and its Realized Cap. The Realized Cap here refers to a capitalization model that calculates the total value of the cryptocurrency by assuming that the ‘real’ value of each token in....
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Crypto analyst Chart Nerd has declared that XRP is set to mirror its 2017 cycle, when the price recorded a parabolic rally. He further revealed how high the altcoin could reach, with a double-digit price on the cards. XRP Could Mirror 2017 Cycle And Eyes Rally To $27 Chart Nerd stated that XRP is gearing up for a 2017-style run and is unlikely to decline as low as $0.50. Instead, the analyst believes that the altcoin will hold the line above $2, which is the January 2018 candle close highs, and then record a parabolic rally to its Fibonacci extension targets at $8, $13, $15, and $27.....
Bitcoin is on everyone’s crosshairs once more. The cryptocurrency shot up to $88,500 today, exciting traders who think the price will rise to $95,000 in the near term. But while optimism is high, so is caution. Some analysts are warning that a retreat back to $80,000 may occur before the next major rally starts. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Traders Show Signs Of Greed Market intelligence platform Santiment reports that greed is building among crypto investors. References of Bitcoin reaching $100,000 or even as high as $159,000 have....
Vaurum, an institutional-grade exchange platform for bitcoin investors, has changed its name to Mirror. The Palo Alto-based company aims to build out a 'mirror' of the traditional financial system by providing more liquidity to bitcoin markets. In a blog post published today about the rebranding, Mirror presented its platform as one that would include several advanced services including escrow-based trading and liquidity. Mirror also announced some service consolidation that it said will allow the company to leverage technology it is building to develop cryptocurrency into a more advanced....
NFTs from Layer 2 were not previously recognizable to apps like Twitter. Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows NFT holders to copy or “mirror” their Optimism NFTs to the Ethereum mainnet. NFT holders can now use their Optimism NFTs in a variety of verified apps, such as in Twitter’s profile badge system — where previously, only NFTs native to Ethereum Layer 1 could be used.Introducing Magic Mirror: a way to mirror your @optimismFND NFTs on Mainnet so you can have verified NFTs on apps like Twitter ✨....
A late surge on March 18 sees a welcome challenge of higher levels for both BTC and ETH. Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming to predictions that higher levels would see a retest.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBets placed on $46,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it advanced $1,650 from daily lows to nearly matching the $41,700 high from March 16.The move buoyed traders, who began to reinforce their short-term view of levels near the top of Bitcoin's 2022....