Global M2 Money Supply Says Ethereum Price Will Reach $20,000, Here’s When
The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to....
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Crypto analyst Colin has highlighted the Bitcoin price’s deviation from the Global M2 money supply, raising concerns that the bull run may be over. The analyst quickly addressed concerns, noting how such deviations usually happen at some point but don’t invalidate the macro trend. Analyst Highlights Bitcoin Price’s Deviation From Global M2 Money Supply In an X post, Colin revealed that the Bitcoin price has deviated from the global M2 money supply. He noted that this deviation was short-term in an otherwise broad correlation. The analyst added that this current deviation is similar to the....
The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.
Bitcoin’s price movement is starting to look positive after a brief stretch of crashes on Sunday and Monday. After breaking down to $74,000 on Monday, bearish momentum looked ready to drag Bitcoin’s price down further. However, bulls quickly stepped in to defend the dip. Their aggressive buying has pushed the price back up, with Bitcoin now moving towards the $80,000 level again. This recent crash is interesting because it aligns almost perfectly with a high-telling metric. This metric not only foreshadowed the crash, but it is now pointing to a powerful upward move for the next....
Crypto analyst Costa has made an ultra-bullish prediction for the XRP price, stating that it could reach $473,214. He explained that such a massive price surge could happen thanks to tokenization on the XRP Ledger (XRPL). XRP Price To Reach $473,214 If This Happens In an X post, Costa predicted that the XRP price would reach $473,214 if 10% of global assets got tokenized onto the XRPL. This followed Ripple’s statement that 10% of global assets are expected to be tokenized by 2030. The analyst expects these assets, which amount to $50 trillion, to be tokenized on the XRP Ledger. Related....
The Ethereum supply has experienced an uncharacteristic uptick in the space of a month, raising concerns about the cryptocurrency’s inflation risk among ETH investors and community members. Ethereum Inflation Crisis Since the beginning of 2023, Ethereum, the world’s second-largest cryptocurrency has experienced fluctuating inflation rates in ETH’s money supply. According to the Ultrasound Money website, […]