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Top 10 AI Cryptos to Watch in June by This Important Metric

The post Hashdex’s Combined Bitcoin And Spot Ethereum ETFs Filing Boosts These 3 Altcoins appeared first on Coinpedia Fintech News The recent filing by Hashdex for a combined Bitcoin (BTC) and Spot Ethereum ETFs has sent ripples through the cryptocurrency market, providing a significant boost to ETFSwap (ETFS), Ondo Finance (ONDO), and Worldcoin (WLD). Among these altcoins, ETFSwap (ETFS) has emerged on top, leveraging its innovative platform and comprehensive DeFi solutions to capitalize on this …

Hashdex’s Combined Bitcoin And Spot Ethereum ETFs Filing Boosts These 3 Altcoins

Shiba Inu whales are on the move again, sparking speculations on what they expect from the meme coin. One whale, in particular, has caught the attention of the SHIB community following a massive withdrawal from the popular crypto and stock trading exchange Robinhood. Whale Pulls Out Almost $40 Million From Robinhood The Shiba Inu whale transactions that have got tongues wagging were first picked up on June 20 by the on-chain whale tracking platform Whale Alert. According to the report, the whale had removed a total of 2,2 billion SHIB from the exchange, which was worth approximately $40 million at the time of this transfer. Related Reading: Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5 The whale moved the coins to an unknown wallet, something that could be bullish for the price. This is because when whales move their coins to exchanges, they intend to sell, which might push the price down due to the selling pressure. However, when whales remove their coins from exchanges, it could mean they don’t plan to sell and are holding for better prices. In this case, the whale has gone the way of the latter, suggesting accumulation rather than selling. Also, given the sheer volume of coins being withdrawn from the Robinhood exchange, it has removed a significant amount of supply from the open market from now. However, the whale transaction hasn’t had much of an impact on the price. The SHIB price is still trading under $0.00002 at the time of this writing, although this presents ample opportunity for these investors looking to get in at cheap prices. Shiba Inu Still Has Legs Despite the price decline that has rocked the meme coin in recent times, expectations have not waned as analysts forecast another crypto bull market. One of those who still see a bright future for the meme coin is Shiba Inu marketing lead LUCIE. Related Reading: Here’s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3 According to LUCIE, SHIB is still in a position. Sharing a Wall Street Cheat Sheet, she shows that the meme coin is now in the period just before Optimism. Now, the Wall Street Cheat Sheet shows that this is when investors really begin to believe that the rally is real. From here, the price is expected to keep going up as investors go through the motions of Belief, then Thrill, and finally Euphoria, before prices start to correct. If LUCIE is right, then the real rally is yet to begin and the Shiba Inu price could go so much higher. At the time of writing, the SHIB price is struggling to reclaim the $0.000018 support from the bears. However, with the Bitcoin price failing to move upward, the weekend could bring further declines for the market. Featured image created with Dall.E, chart from Tradingview.com

Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales?

Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024 and 2025. Related Reading: Here’s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3 Presently, the analysts have solidified their predictions, reiterating that Spot Bitcoin ETFs would be the trigger driving Bitcoin’s price to $200,000 next year. Analysts have estimated that Spot BTC ETFs could grow in demand to represent about 7% of the total BTC in circulation. They disclosed their expectations for Spot Bitcoin ETFs to grow significantly in adoption, highlighting possibilities of approvals from major wirehouses and large private banking platforms in Q3 and Q4. The analysts also disclosed that almost 80% of Spot Bitcoin ETF inflows are generated by self-directed retail investors who invest through brokerage platforms. They believe that institutional investors’ demand for Spot BTC ETFs is still in its early stages. However, as the market continues evolving institutional investors’ interest could rise, adding massively to the current inflows in Spot Bitcoin ETFs. Bernstein analysts wrote in their notes to clients that currently around $15 billion of net new flows have been brought in by ETFs combined. The cumulative inflows in Spot Bitcoin ETFs according to Farside data, have reached $14.66 billion since its launch on January 11. Due to the high demand and massive capital pouring into this asset class, analysts expect Spot Bitcoin ETFs to be equivalent to 7% of BTC’s circulating supply by 2025 and 15% by 2033. They also anticipate Spot Bitcoin ETF’s total Assets Under Management (AuM) to reach $190 billion by ‘the 25E market peak and a whopping $3 trillion by 2033. This bullish prediction underscores the analyst’s confidence in Spot BTC ETFs, despite it being a newly discovered asset class. In less than six months, the total assets under management for Spot Bitcoin ETFs have grown to $59.19 billion, with an average expense ratio of 1.07%. This massive growth has been spearheaded by leading asset management companies like BlackRock, Fidelity and others. BTC Price Enters Fresh Bull Cycle In their note, Bernstein analysts also declared that BTC has officially entered a new bull market cycle. The analysts disclosed that this bull cycle is currently driven by the recent Bitcoin halving event, which took place on April 20. Related Reading: Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5 They anticipate the rise of new catalysts that could trigger an increase in demand for BTC, propelling its price to new levels. In contrast, crypto analyst, Michael van de Poppe has predicted that BTC has likely reached its bottom between the price range of $63,000 and $65,000. As of writing, the cryptocurrency is trading at $63,865, reflecting a weekly decline of 4.76%. Poppe has suggested a potential reversal on the horizon, predicting that Bitcoin could find itself in upward momentum soon. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here’s When

The artificial intelligence (AI) impact on key global sectors cannot be ignored if Nvidia’s (NVDA) rise to the top is anything to go by. Closer home, an AI crypto boom seems to be on the horizon, with Worldcoin price likely to lead the pack. Nvidia Becomes The World’s Largest Company A Reuters report earlier this The post Worldcoin Price: Is Nvidia’s Rocketing Stock Sparking AI Crypto Boom? appeared first on CoinGape .

Worldcoin Price:  Is Nvidia’s Rocketing Stock Sparking AI Crypto Boom?

Worldcoin (WLD) has recently seen a significant rise, appreciating by over 15% to reach a $3 valuation in one day. This surge is primarily driven by the Worldcoin team’s continuous efforts to fulfill the mission of their cryptocurrency project. One of the most notable developments involves the expansion of Worldcoin’s global identity network, World ID.

Worldcoin (WLD) Surges 15% Amid Expansion and Positive Regulatory Developments

Worldcoin (WLD) is currently enjoying an upward trend, with the crypto token surging by over 15% in a single day to reach $3. This development is thanks to the recent strides that the Worldcoin team has made to achieve the goals of the crypto project. Expansion Of Worldcoin’s World ID Provides Bullish Momentum The Worldcoin team recently announced that World ID, the project’s global identity network, would be making an entry into Ecuador. Locals in the country can get verified using the Orb to join Worldcoin’s identity network. The team mentioned that verifications will be available at six locations across two Ecuadorian cities. Related Reading: Dogecoin Enters Final Stage Of Consolidation, Analyst Predicts 6,150% Rally To $7.5 Verification will begin at the port city of Guayaquil on June 26, while the other verification locations will be set up in the Capital city of Quito on June 27. Worldcoin stated that anyone 18 years or older who is interested in joining the over 5 million people participating in the Worldcoin network can get Orb verified in either of those two cities. This development undoubtedly provides bullish momentum for the Worldcoin token, considering the role the crypto token plays in achieving the team’s vision of providing a global identity for everyone. Worldcoin’s entry into Ecuador is also a much-needed boost, given the regulatory scrutiny and negative publicity that has overwhelmed Worldcoin’s ecosystem. Worldcoin also noted that its upcoming launch in Ecuador comes at a time when the project is set to expand further in Argentina through direct investments in the country and the launch of more Orb verification locations. As part of the investment, Worldcoin contributors such as Tools for Humanity (TFH) will sponsor professional opportunities for at least 50 developers, operations specialists, software engineers, data analysts, and other professionals in the country. Additionally, Worldcoin announced that 50 World ID orb verification locations, including two experience stores, will be set up in over ten cities across Argentina. These locations are expected to open sometime during the summer in the country. More Good News For Worldcoin Kenya’s local media, The Star, recently reported that the government has dropped its investigation into Worldcoin. Worldcoin had earlier had to suspend its World ID verifications in the country following allegations of unlawful collection and transfer of personal data belonging to locals. Related Reading: Bitcoin Crash Below $66,000 Stuns Market, Why A Drop To $54,930 Is Possible However, upon investigating and reviewing these allegations, the country’s Directorate of Criminal Investigations (DCI) determined that they had no substance and directed that the investigation be dropped with no further action from law enforcement agencies. The Star noted that this development will likely pave the way for Worldcoin to resume its operations in Kenya. Worldcoin’s operations in Kenya were largely successful. Over 635,000 Kenyans are said to have downloaded the World App, although more than half of these individuals had yet to verify their identity using the Orb. Featured image created with Dall.E, chart from Tradingview.com

Here’s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3

The post Will Worldcoin (WLD) And CORE Tokens Surge 25% As Bullish Sentiment Intensifies? appeared first on Coinpedia Fintech News The volatility in the cryptocurrency market is on a constant rise with top tokens recording constant price fluctuations in their respective portfolios. However, mid-cap altcoins have picked up pace during this time by adding massive valuations to their portfolios. With the rising uncertainty in the crypto space, will the elite cryptocurrencies lose the dominance race …

Will Worldcoin (WLD) And CORE Tokens Surge 25% As Bullish Sentiment Intensifies?

Worldcoin (WLD), a project that uses blockchain for identity verification, has attracted lots of attention from the market due to a notable increase in popularity. Just a couple of days back, Worldcoin was ranked as the second-highest performing token in the cryptocurrency market, with an increase in value of more than 7%. This surge occurred The post How High Can Worldcoin (WLD) Price Go in 2024? appeared first on CoinGape .

How High Can Worldcoin (WLD) Price Go in 2024?

Altcoin markets are displaying notable fluctuations, with Bitcoin’s (BTC) price hovering around $64,893 affecting other cryptocurrencies like WLD, SHIB, and DOGE. This dynamic is particularly intriguing when examining the interconnected trends of these digital assets. “The correlations among these altcoins and Bitcoin present both opportunities and challenges for investors,” noted a financial analyst. Explore the

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