Shiba Inu To Launch Native Blockchain

• Shiba Inu recently launched Shibarium Beta, a Layer-2 blockchain network based on Ethereum.
• SHIB will be the driver of this ecosystem, reducing reliance on Ethereum and introducing a token burning mechanism.
• This is part of plans to transform SHIB into an utility token and make it a go-to solution for decentralized applications.

Avorak AI Looks To Partner With Cross-Chain Liquidity

• Avorak AI is a new AI crypto project that seeks to combine AI and blockchain technologies to offer unique solutions that are AI-driven and easy to use.
• These solutions include non-plagiarised texts, language-to-art models which generate images, automated editing tools, and more.
• Avorak looks to help Shiba Inu’s native blockchain streamline various processes, including cross chain liquidity.

What Is Shibarium?

Shibarium is a Layer-2 blockchain network based on Ethereum that seeks to reduce its reliance on Ethereum by handling a larger portion of SHIB transactions. This will also result in lower transaction costs and faster transaction speeds for SHIB users. Additionally, it aims to reduce the supply of Shiba Inu tokens by introducing a SHIB burning mechanism as part of transforming it into an utility token with multiple uses cases.

What Is Avorak AI?

Avorak is an AI crypto project that runs on the Binance Smart Chain. It offers products that cater to many fields including trading and content creation such as non-plagiarised texts, language-to-art models which generate images that fit the exact specifications of the user, and automated editing tools. All these solutions will be accessible for AVRK owners using this platform powered by artificial intelligence technology combined with blockchain technology.

Conclusion

Shiba Inu has made significant progress in making their coin useful with the launch of Shibarium Beta while Avorak looks forward to helping its native blockchain streamline various processes like cross chain liquidity using its range of innovative solutions driven by artificial intelligence technology combined with blockchain technology..

Summary

• The Ripple vs. SEC lawsuit is the most followed topic within the crypto space, as it smelt the possibility of a victory over the agencies.
• At this time, the XRP price is accumulating some strength as it may trigger a huge bullish wave in the coming days.
• The XRP price continues to hover above $0.39, a spike of more than 12% in the past few days.

Ripple vs. SEC Lawsuit

The Ripple vs. SEC lawsuit is the most followed topic within the crypto space, as it smelt the possibility of a victory over the agencies. After multiple hearings and arguments, the judge could produce the final ruling at any time now.

XRP Price Movement

At this time, the XRP price is accumulating some strength as it may trigger a huge bullish wave in the coming days. The XRP price continues to hover above $0.39, a spike of more than 12% in the past few days. Although the BTC price faced a major drop, the price of XRP maintained huge strength and hence may surge beyond $0.4 in the next few hours.

Technical Analysis

Moreover, the rally does not appear to be a short-lived one, as chart patterns and technicals are extremely bullish. Trading View shows that XRP price is trading within same decisive symmetrical triangle that it began during Q4 2022 after rebounding from lower support and reaching upper resistance-levels which could be sliced through shortly; RSI levels are rising high without displaying any bearish divergence while buying pressure has mounted so upswing should prevail until new yearly highs ($0.42) are reached above current value ($0.39).

Conclusion

Therefore, XRP’s massive bullish signals suggest potential opportunity for traders with positive outcomes predicted by experts- however investors should always be mindful and cautious when trading cryptocurrencies due to their volatile nature!

• Gary Gensler, the head of the US Securities and Exchange Commission (SEC), recently declared that all cryptocurrencies other than bitcoin are securities.
• Ripple’s Chief Legal Officer Stuart Alderoty criticized Gensler for forming an opinion on the case before voting.
• Attorney John Deaton also supported Alderoty’s call to have Gensler recuse himself from voting in SEC v. Antoniu.

Gary Gensler’s Proclamation

Gary Gensler is a US public servant and financial regulator who now serves as the Head of the Securities and Exchange Commission (SEC). With his recent regulatory measures, Gensler has often come under fire. Senator Tom Emmer of Minnesota has criticized him for his regulatory flaws. He recently declared that all cryptocurrencies other than bitcoin are securities.

Alderoty Criticizes Gensler

Ripple’s Chief Legal Officer, Stuart Alderoty, described how Chair Gensler had once more declared that all cryptocurrencies, with the exception of Bitcoin (BTC), are unregistered securities in a tweet. He argued that this meant that Gensler must recuse himself from voting in any enforcement cases involving cryptocurrency securities because he had already formed an opinion on the result for SEC v. Antoniu (8th Cir. 1989).

Deaton Supports Alderoty

Attorney John Deaton, who represents thousands of XRP holders as an amicus curiae in the SEC litigation against Ripple, backed up Alderoty’s call to have Gary Gensler recuse himself from voting in SEC v. Antoniu due to prejudgment on the matter. Deaton stated that this was necessary to ensure fairness and impartiality during proceedings involving crypto tokens being classified as securities by the SEC Chairman himself.

Antoniu v SEC

The question at stake in SEC v Antoniu was whether or not Commissioner’s ongoing involvement in disbarment proceedings was an infraction of due process given his words regarding permanent bans from employment within the securities industry while proceedings were ongoing showed he had already made up his mind about the case before it even reached court..

Conclusion

Both Alderoty and Deaton believe it is essential for Gary Gensler to step down from any cases involving token security classification as they feel this would ensure fairness throughout proceedings as well as prevent further bias towards such decisions by having a different member vote on them instead of one already having formed an opinion on it beforehand

Bitcoin Price Could Hit $50,000 Soon: Here’s Why

• Angel metrics indicate Bitcoin has hit its bottom and is on the rise again.
• Institutional adoption is increasing with BlackRock and Fidelity investing in Bitcoin-related companies.
• Growing use cases such as trading NFTs and smart contracts make Bitcoin a great medium for exchange and store of value against inflation.

Angel Metrics Indicate Bitcoin Has Hit Its Bottom

CryptoRUS’s George Tung has released a new analysis video discussing Bitcoin’s potential to hit $50,000 by June. Tung presents three reasons for his argument – angel metrics, institutional adoption, and growing use case. His first reason focuses on angel metrics which indicate that Bitcoin is recovering from its bottom. These include the Rhodo ratio, MVRV score, realized cap hold of waves, reserve risk – all suggesting that Bitcoin has hit its lowest point using previous data. Additionally, the fractal pattern shows a similarity to 2019 when Bitcoin shot upwards after going sideways for some months.

Institutional Adoption Is Increasing

Tung’s second reason is institutional adoption – both BlackRock and Fidelity have invested in Bitcoin-related companies and introduced their own funds and exchanges. BlackRock holds physical bitcoin with a $15 billion fund while Fidelity is already involved with miners and institutions – showing these companies are serious about investing in BTC. This increased institutional adoption brings significant money into the space which can drive up prices further.

Growing Use Cases Are Making BTC Attractive

The most recent success of the first ever NFT collection indicates demand for digital art which can be stored on the upgraded BTC blockchain allowing storage of images on it. Stacks project helps dApp makers program on top of BTC with 35K smart contracts already deployed making it an attractive medium for exchange due to its lightning network capabilities making it a potential store against inflation appealing to many investors.

Conclusion

George Tung’s analysis suggests BTC could hit $50k soon due to angel metrics indicating recovery from its bottom combined with increasing institutional adoption bringing significant money into the space along with growing use cases making it an attractive medium for exchange due to its lightning network capabilities making it a potential store against inflation appealing to many investors . However he advises caution before any investment decisions are made as of press time BTC was worth $24,876

§ Bullet Points:
• Michael van de Poppe has predicted an imminent surge for Bitcoin, expecting it to reach $40,000 by June 2023.
• Technical analysis suggest rising selling pressure, with a potential low of $22,050 in the near future.
• The 50-day exponential moving average suggests that Bitcoin may face resistance near $23,250.

Michael van de Poppe Predicts Bitcoin Surge

Cryptocurrency expert Michael van de Poppe has predicted an imminent massive surge for Bitcoin, expecting it to reach $40,000 by June 2023. Currently trading above a crucial level and with increased trading activity signaling a growing momentum in favor of bulls, the leading cryptocurrency may experience a dramatic rise if it breaks through the resistance level of $23,200. Van de Poppe also acknowledges the potential for a drop to extract liquidity but believes this could provide a favorable buying opportunity.

Market Capitalization & Trading Volume

Bitcoin currently has a market capitalization of $438.2 billion and trading volume of $40.7 billion over the past 24 hours; however its value has decreased by 2%. In order to maintain its position as the number one cryptocurrency its price will need to remain above its current level or else it could experience further decline towards the estimated target of $22,100; which is supported by an ascending trendline.

Technical Analysis

Technical analysis reveals rising selling pressure due to indicators such as RSI and MACD potentially leading to a new low of $22,050 in the near future. Meanwhile the 50-day exponential moving average suggests that Bitcoin may face resistance near $23,250 before any further increase in value can be seen.

Potential Resistance Level

Breaking through the current resistance level at $23,200 would drive Bitcoin prices towards next immediate resistance level at $25,000 according to Van de Poppe’s prediction though he notes that extracting liquidity from any pullback is expected too.

Conclusion

At this moment it remains unclear which direction Bitcoin’s price will take though Van de Poppe’s prediction provides some insight into what we might expect in terms of growth over coming months and years ahead. With increased trading activity indicating increasing bullish sentiment and technical analysis revealing rising selling pressure there are still many factors at play influencing how far Bitcoin can go up or down from here on out.

• The cryptocurrency market began 2021 with a surge that has surprised many traders and investors.
• Bitcoin and Ether have breached some impressive critical support levels, leading to newfound excitement in the crypto community.
• Despite the overall decent gains, many market experts are warning that the bear market may not yet be over, making this a ‘disbelief phase’.

The beginning of 2021 has been an exciting time for the cryptocurrency market. After a prolonged bear market that lasted for much of 2020, the crypto market has seen a surge that has surprised many traders and investors. Bitcoin, the world’s largest cryptocurrency, has breached some impressive support levels and is currently hovering around the $22,650 mark. Not only that, but the global crypto market cap recently exceeded $1 trillion for the first time in a while.

This newfound optimism has led to a wave of excitement in the crypto community, as traders and investors rush to make the most out of the bullish action. However, while the gains are certainly welcome, many market experts are warning that the bear market may not yet be over. This is known as the ‘disbelief phase’, and it is characterized by traders who are skeptical of the current bull run, as they wait for confirmation of a full-scale market recovery.

Ether, the second-largest cryptocurrency in terms of market cap, has also seen its fair share of gains. After a massive spike that saw it reach the $1,500 resistance level, Ethereum is only down by 1.6% in the past week. This is a significant improvement from the prolonged bear market that saw Ether drop to as low as $360 in 2020.

It is important to note that, while the crypto market has certainly seen some impressive gains, the bear market may not yet be over. Market experts such as Toni Ghinea have noted that a sustained market recovery will depend on the continued growth of Bitcoin and other major cryptocurrencies. Additionally, the market will need to see a significant increase in institutional investments, as well as increased government regulations, in order for the crypto market to make a full recovery.

Until that happens, traders and investors should continue to exercise caution when investing in the crypto market, as the bear market may still be in effect. By staying up to date with the latest news and developments in the crypto space, traders and investors can make informed decisions and navigate the market more safely.

• Ethereum’s price recovered above $1,600, but experienced a crash to $1,527 afterwards.
• According to Santiment, the FUD around ETH may in the medium term feed a bullish narrative for the asset.
• Popular cryptocurrency analyst Michael van de Poppe predicted a further decline in the price of Ethereum to around $1,450.

The cryptocurrency market has been highly volatile as of late, with many tokens experiencing wild price fluctuations. Ethereum, the world’s second largest cryptocurrency by market capitalization, is no exception to this. On January 20th, the price of Ethereum recovered above $1,600, wiping out its losses from the collapse of the FTX exchange. However, after reaching a recent high of $1,638, the price crashed to $1,527.

According to experts at Santiment, the FUD around ETH may in the medium term feed a bullish narrative for the asset. Data from Whale Alert indicates that a whale today dumped 24,768 ETH worth $38 million into the cryptocurrency exchange Coinbase. Over the previous three days, whales moved ETH worth around $200 million to liquidity pools and crypto exchanges. Santiment also noted that the large profit-taking transaction ratio increased on January 20th and that 21% of conversations on social media sites involved Ethereum.

Popular cryptocurrency analyst Michael van de Poppe predicted a further decline in the price of Ethereum to around $1,450. He noted that the critical support level of $1,550 may see some rebounding in the price of Ethereum, but this could be short-lived if the market sentiment doesn’t improve. He also said that Ethereum could potentially reach $1,720 in the near future if the market sentiment is positive.

Despite the recent FUD and volatility around Ethereum, many investors and traders remain optimistic about its long-term prospects. Ethereum’s blockchain technology and its wide range of applications have made it one of the most popular and widely used cryptocurrencies in the world. As long as Ethereum continues to develop and build upon its technology, it is likely to remain a popular asset in the cryptocurrency market.