The current Bitcoin price is only just under one standard deviation above its average daily closing price over the past 200 days. Is now a good time to buy?
Based on BlockchainSanta’s analysis, Litecoin might be due for a potential 200% upside might in the days leading up to the halving. This expectation is based on LTC’s historic performance during previous halvings.
Paul Tudor Jones likes bitcoin because of its fixed maximum supply. The legendary hedge fund manager – Paul Tudor Jones III – said he will always keep a “small” exposure to bitcoin since it is “the only thing that humans can’t adjust the supply in.”
Bitcoin (BTC) has recently experienced a brief drop below its crucial support level but has quickly rebounded to the current price of $27,300. This has resulted in the return of Call buyers, who are hoping that the level will hold and push the price upward. This has resulted in a fast-paced market, with Gamma Call buyers focusing on May 18-26th $28,000-$29,000 Calls and $28,000-$30,000 Call spreads, resulting in a net profit of $2,500, according to a recent analysis by Deribit Insight.
Since its implosion and subsequent hard fork by LUNA, Terra Luna Classic (LUNC) has struggled to gain momentum in the cryptocurrency market, with its value declining. Now, industry experts suggest AI could help LUNC recover and attain its full potential. By leveraging advanced machine learning algorithms, Avorak AI could help solve some of the challenges like improving transaction speed, token burning mechanism, and reducing fees.
Some crypto miners are turning to AI. Crypto miners generate revenue in part thanks to AI customers. AI is still a potential to be mined in many areas, it can be stated that the cryptocurrency mining industry has changed as crypto miners have diverged after the Ethereum revolution last September, Bloomberg reported.
The digital currency ecosystem is seeing a definitive recovery today as Bitcoin (BTC) and most altcoins are in the green. Litecoin (LTC) is among the protocols seeing an impressive price jump today after it printed a 7% upsurge to pare off some of the losses it has incurred in the past week. In the week-to-date period, Litecoin is up by 6.54%, taking its spot trading price to $87.11. The steady growth in the digital currency has lent many theories that can help sustain the growth. One of these theories or reasons pushing the growth of Litecoin is the latest integration of the Lightning Network. As revealed by the protocol, the very first Lightning Network transaction has been carried out on the Litecoin blockchain, helping to push its scalability by up to 10x. The Lightning Network is a Layer 2 protocol that is primarily built on the Bitcoin blockchain to help with expedited transactions and low cost. It has worked effectively since its introduction to the Bitcoin protocol, and with the latest Litecoin Lightning Network transaction, the versatility of the solution is reinforced, to the benefit of all Litecoin users.
ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins may be increasing, writes CoinDesk analyst Glenn Williams.
In a new surge of optimism, a highly-regarded crypto analyst predicts a significant upswing for Bitcoin, potentially setting a new all-time high within the next year and a half.