💥 Bitcoin could reach $150,000 very soon!
💥 Bitcoin could reach $150,000 very soon!
Welcome to the Daily Tribune Wednesday, April 24, 2024 ☕️
Hello Cointribe! 🚀
Today is Wednesday, April 24, 2024, and like every day from Tuesday to Saturday, we summarize the news of the past 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partly sunny 🌤️
24-hour crypto summary ! ⏱️
🔮 XRP: A future at $10,000 after the Ripple-SEC case?
The imminent outcome of the long-standing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) could be a turning point for XRP. An influential cryptocurrency community analyst, followed by hundreds of thousands of people, suggests that XRP could reach a value between $100 and $10,000. This prediction is based on the potential for massive tokenization and expected regulatory clarity for XRP. Currently, Ripple is fighting against a nearly $2 billion fine but remains confident in defending the integrity of XRP and its operations. A legal victory could not only clarify the legal status of XRP but also pave the way for its widespread adoption as a leading cross-border payment asset in the United States, potentially increasing its value on the market. 🔗 Read the full article here.
🚀 Bitcoin takes off: Towards $150,000?
Experts from the financial firm Standard Chartered predict a significant increase in Bitcoin, which could reach $150,000 by the end of the year. This ambitious projection is supported by analysis of past trends, particularly after halving events that have historically boosted prices due to decreased supply. Despite a recent 11% drop from its peak of $73,000 in March, caused by factors such as Bitcoin ETF entry slowdowns and international tensions, optimism prevails with an even bolder long-term forecast of $250,000 by 2025.
🌱 PayPal wants to green Bitcoin
PayPal, the giant of online payment and a player in Web3, is launching an ecological initiative to reward Bitcoin miners adopting environmentally friendly practices. With the help of Energy Web and DMG Blockchain Solutions, PayPal has introduced an innovative proposal to encourage "green miners" to use low-carbon energies. These miners will receive "green keys" that will allow them to benefit from reduced fees and additional Bitcoin rewards for the transactions they process. Recent experiments have shown that green transactions have a better chance of success, thereby promoting a more environmentally friendly approach to Bitcoin mining. This approach could potentially transform the sector by aligning blockchain technology with global sustainability goals. 🔗 Read the full article here.
💡 Petrocrypto: Venezuela pivots towards crypto payments
In response to recent US sanctions, Venezuela is increasing its adoption of cryptocurrencies, particularly stablecoins like USDT (Tether), and is considering Bitcoin to bypass financial restrictions. The national oil company PDVSA plans to increase the use of these digital currencies for its international oil transactions. This strategic adjustment follows the reimposition of sanctions, which once paralyzed its oil industry, leading to a drastic reduction in production since 2014. The temporary lifting of sanctions had allowed for a slight recovery, but the current situation forces Venezuela to seek alternatives to maintain and potentially increase its oil sales. Cryptocurrencies, free from centralized control and sanctions, appear to be a viable solution, despite some limitations in terms of global acceptance.
Crypto of the day: Hedera (HBAR)
Hedera Hashgraph stands out in the world of cryptocurrencies with its innovative approach to blockchain, using hashgraph technology to provide faster, safer, and less energy-consuming transactions. This technology allows Hedera to process transactions in seconds thanks to its asynchronous Byzantine consensus, a significant advantage compared to traditional blockchains.
The native cryptocurrency, HBAR, serves as both fuel to execute applications on the network and as a means of protection against cyberattacks by requiring transaction fees for each operation. The initial distribution of HBAR was carried out through public and private sales, aiming to create a decentralized network from the start. HBAR holders have voting rights in certain network decisions, as well as the ability to efficiently and securely execute applications and transactions. The utility and advantages of HBAR promote its adoption in various sectors, such as financial services, where it can be used for everything from payments to smart contracts.
Recent performances of Hedera (HBAR)
Current price: €0.129
Percentage increase/decrease: 47.03% (1-day increase)
Market cap: €4,593,131,653
Rank on CoinMarketCap: #24
Technical analysis of the day: Ethereum (ETH)
Ethereum (ETH) recently surpassed the $3,000 threshold after a significant drop, demonstrating a strong recovery by reaching around $3,250. Despite a short-term bearish trend, ETH shows signs of resilience by retesting important support levels, such as $3,300. It is important to monitor Ethereum's ability to maintain these supports to evaluate its stability in the face of market fluctuations, while remaining vigilant about liquidation zones and critical supports that will influence its future direction.
