Altaf Ali (@altafali) • Hey

Crypto trader

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💥 @LayerZero_Labs Sybil war update 📝First list of Sybil wallets published 👥803,093 addresses ✅This include self reported & team identified 👇Check if u r in this list 🔗https://github.com/LayerZero-Labs/sybil-report/blob/main/initialList.csv.zip ✅U r safe if not in list 📃They will publish final list on 31May 💙Like 🔁RT
💥 @eigenlayer Airdrop claim is live 🔗claims.eigenfoundation.org 😁Our 100 $EIGEN bonus is seen added 🤩Really happy to see that 🙂Got multiple tq msg 💰Users who used @ether_fi 0.1ETH got 110 min tokens 💸Small users got big🪂 🤔Did u get 100 bonus? Post your📸 💙Like 🔁RT
💥 @eigenlayer Airdrop claim is live 🔗claims.eigenfoundation.org 😁Our 100 $EIGEN bonus is seen added 🤩Really happy to see that 🙂Got multiple tq msg 💰Users who used @ether_fi 0.1ETH got 110 min tokens 💸Small users got big🪂 🤔Did u get 100 bonus? Post your📸 💙Like 🔁RT
💥 @layer3xyz Airdrop confirmed for Cubes 🪂Confirmed 🪙 $L3 🪙Total supply 300M 🪙Community - 51% 💥initial airdrop- 5% 🪙15M tokens🪂 ⌚More details in June 🤔So Airdrop in June? 📆Season1 ended 📸S1 Done 🙂Apprx Around 32k users with 100 Cubes 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1788935770507772380?t=jFjq8wf1WUl9jVeaJ19ocw&s=19
💥 @phaverapp season1 Airdrop is live 🪂 $SOCIAL 🔗phairdrop.com 📝Eligiblelity 1️⃣Lens & farcaster link 2️⃣Lvl2 👇Follow this to link farcaster 🔗Register to farcaster ✅Open my account ✅Link ✅Do sign in farcaster 💥Done 😁I got 100k for 8.2M pts 🫵📸👇 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1788375663025811929?t=oCBE8K8DawNU4lv-hMZo4A&s=19
💥 @Spectral_Labs Airdrop is live for @farcaster_xyz users 💰$ 1000 🔗Claim here - claims.spectrallabs.xyz/check 📝Eligiblelity ✅Users with over 10 likes,followers& posts on Farcaster ✅& min 10 contract interaction on Base 🤗Ytd I was not eligible, they update tday 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1788022467963064783?t=kvn8Spk2gnw_THygyYlVfg&s=19
yes ape no ape NFT Collector's Edition Poster Contract Address:0xEB73fA205D0E27F2Ae7d013aeB5e22E04539a78D
💥 @LayerZero_Labs Snapshot completed 📸Snapshot 📆2nd May ⌚5:30 AM IST 🔜Next eligibility checker 🔜Then 🪂 claim 🤔So will it be before @zksync let me know in comments 💥 $ZRO 💙Like 🔁RT
Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: SantimentExplains Santiment, “These spikes in whale activity historically correlate with potential price reversals. ADA’s market cap has shrunk -43% since March 13th.” ADA is trading at $ 0.441 at time of writing. The 11th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours, more than 12% in the past week and more than 32% in the past month. Santiment also notes that crypto trading volume levels recently hit their lowest level since the first week of January, indicating traders are indecisive. “Bitcoin has seen a trading volume drop of 60-65% since its big week of trading at the end of February. There are many factors that can signal a turnaround, but watch for a spike in volume as a potential turnaround signal for a market-wide rally as we head into May.” Bitcoin (BTC) is trading at $ 60,442 at time of writing. The top-ranked crypto asset by market cap is down more than 5% in the past 24 hours, 9% in the past week and more than 15% in the past month.
Giving small profit
Former Openbazaar Dev Chris Pacia Blasts Lightning Network: Experts Knew It Would Work 'Like Dog Sh*t' Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar Lead Dev States LN Weaknesses Were Hidden From the Mainstream Chris Pacia, the former lead developer of Openbazaar, a defunct decentralized crypto marketplace, has explained how the shortcomings of Lightning Network (LN), a layer 2 scaling protocol for Bitcoin, were explicitly hidden during the so-called blocksize wars that led to Bitcoin’s hard fork. According to Pacia, most of the general audience is not technically adept to evaluate the advantages and tradeoffs of raising Bitcoin’s block size or using LN as a scaling structure. Technical experts who spoke about the weaknesses of LN were censored and banned from distribution platforms, and their messages were also erased. So, mainstream non-technical crypto actors Saifedean Ammous, Peter McCormack, Tone Vays, and Stephan Livera, had to rely on non-banned experts to explain their opinions. However, amidst the blocksize wars, Pacia believes these experts knowingly lied to sway the mainstream crowd to their side. Pacia stated: They knew lightning would work like dog sh*t. But it was considered a “noble lie” to win the blocksize wars. Pacia is just one of many developers that have recently called out the LN due to the complexity of its inner workings, and how it would lead to centralization. Last year, Bitcoin dev Matt Corallo complained about the state of LN and stated it was “kind of a joke.” Longtime bitcoiner John Carvalho also lashed out against LN, declaring that “the design is kind of a joke.” Others have referred to LN’s dwindling liquidity, which has touched sub-5,000 BTC lows, with the number of nodes and channels also decreasing during this last year.
💥 U can check your Lens profile score on Hey 🌿If u have lens profile check your score now 👇&post📸 🔗hey.xyz ✅Connect wallet ✅Go to profile 🪙Check score 🔢I got 505491 💱It's calculated based on your past interactions 🤔Points done 🪂Next? 💙Like 🔁RT
💥 Another Binance #Airdrop for our community 💥 @RenzoProtocol on Binance 📅Listing on 30 April 👇Post your Renzo points in comments 🎉Congrats to all who joined 💙Like 🔁RT
Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $ 59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of 4 p.m. Eastern Time on Monday. Market Watch: Blackrock Nears Grayscale’s BTC Holdings Amid Friday’s Inflows The week was challenging for U.S. spot bitcoin ETFs, witnessing continuous outflows across five consecutive days, accumulating a total loss of $ 319.1 million. However, a turnaround occurred in Friday’s trading sessions. Coinciding with the halving on April 19, the spot bitcoin ETF’s trade volume reached about $ 2.35 billion, while the funds saw inflows of $ 59.7 million. In contrast, Grayscale’s Bitcoin Trust (GBTC) observed typical outflows on Friday. Before the market opened on April 19, GBTC’s bitcoin holdings were at 306,399.09. The stash has since decreased to 304,970.43 bitcoins. This indicates a reduction of 1,428.66 bitcoins since Friday morning. On the same day, Blackrock’s IBIT reported holding 273,140.85 bitcoins, which increased to 273,596.44 by April 22. Blackrock only needs an additional 31,373.99 bitcoins to match GBTC’s holdings, yet as IBIT accumulates more, GBTC’s reserves have been diminishing. Together, IBIT and GBTC control a combined 578,566.87 bitcoins valued at $ 38.46 billion, representing 2.93% of the existing 19.68 million BTC in circulation. The top three spot bitcoin funds, aside from GBTC and IBIT, hold a collective stash of 229,300.57 bitcoins. Among these three, Fidelity’s FBTC possesses the majority with 152,465.48 bitcoins. Ark Invest’s ARKB fund holds 43,176 BTC and Bitwise’s BITB secures 33,659.09 bitcoins, as of April 22. These three funds alone account for a significant 1.16% of the total circulating BTC supply. Collectively, GBTC, IBIT, FBTC, ARKB, and BITB managed to scoop up 4.09% of the circulating bitcoin supply. Despite the sequential outflows, the influx observed on Friday indicates a potential recovery that could reshape market confidence. Monitoring the strategic movements of these funds will be critical as they adapt to the fluctuating dynamics of the BTC markets while holding a notable fraction of the available bitcoin supply. Additionally, six other spot BTC ETFs have been actively accumulating bitcoins, enhancing their reserves. This figure does not encompass the international exchange-traded products that currently hold BTC or the forthcoming offerings from Hong Kong.
How Read Write is Helping Players Choose Better Crypto Casino Sites The emergence of crypto casinos gave players an efficient and alternative way to enjoy their favorite games of chance. While this was cool at first, the growing popularity of cryptocurrencies has overrun the industry with countless crypto casino sites, many of which can’t be trusted. Now, many players have a hard time choosing the right crypto gaming platforms. As a tech-media publication focused on articulating what’s next in technology, ReadWrite has taken on the responsibility of helping players choose better crypto casino sites through a series of intentional actions. Some of them are discussed below: Checking the Available Payment Methods ReadWrite understands that players are concerned with payout speeds when playing at any casino. As such, it checks the payment methods accepted by different sites. These checks include confirming the range of cryptocurrencies that can be deposited and withdrawn. Several sites where play with crypto is the norm often support coins like Bitcoin, Ethereum, and a host of others. Also, factors like each site’s withdrawal requirements, minimum and maximum limits, exchange rates, and transaction fees are all kept in consideration. The point of these checks is to ensure players can identify and choose crypto casinos with fast and convenient payment systems – a crucial part of their overall experience. Ascertaining the Crypto Casino Site’s Safety The best crypto casino sites offer players a safe and secure gambling experience. Fair betting limits, fast payouts, and standard player protection mechanisms can characterize these experiences. Since most crypto betting websites claim to offer those these days, ReadWrite cuts through the clutter by recommending only regulated platforms. It emphasizes the importance of holding licenses from reputable licensing bodies like the Curaçao Gaming Board. In addition, ReadWrite’s team of experienced professionals regularly searches for crypto casino reviews and carefully reads them to get the opinions of past players. This way, they’re able to give players authentic information about the best crypto casino sites. Confirming Available Gaming Collections Now, to the fun part. ReadWrite strongly believes, “the more, the merrier.” So, the publication regularly emphasizes the need for players to choose crypto casinos offering thousands of games. Among these multiple options, which include Provably Fair games, video slots, table games, live dealers, live poker, and sports betting sections are the most common. Furthermore, the best versions of these games are provided by reputable software developers like NetEnt, MicroGaming, Evolution Gaming, and Playtech. So, in addition to offering thousands of games, ReadWrite recommends crypto casino sites that have collaborated with plenty of software providers. Ranking Welcome Packages and Fair Wagering Terms To help players start on the front foot, ReadWrite ranks reputable crypto casino sites based on the attractiveness and fairness of their welcome packages. Many players are often carried away by juicy offers without checking the wagering terms. In contrast, ReadWrite confirms the conditions applied to these promotions that affect how players can spend the winnings generated using such promotions. These conditions include bonus expiry periods and play-through rates. Evaluating Customer Experiences Lastly, ReadWrite gives players a rough description of the likely experience at a crypto casino by testing the registration processes and customer support services. It highlights platforms with fast and private registration procedures. Most times, such platforms require no KYC documents. Likewise, it highlights those that require KYC documents to inform the player’s decision. Customer support services are also essential features that influence customer experiences. ReadWrite checks if crypto casino sites offer 24/7 customer support services and live chat support functionalities. Players need to stick with platforms that guarantee quick response times. ReadWrite helps players choose better crypto casino sites through a combination of these actions.
🎁 2 x Phaver-Up NFT Giveaway I am giving 2 NFTs for the Genesis Edition @lens/phaver NFT Collection, which has only 2000 supply. 🚀 PHAVER token is close and these NFTs will be very valuable. Good luck everyone! For raffle: 📌 Like + Mirror 📌 Write your Phaver Username in the comment (If you do not have a Phaver account, download and register with cryptotelugu code) 📌 Follow me on Phaver (holdbtc.lens) 📌 Connect at least 1 NFT to Phaver (this is mandatory) If you do not have an NFT to connect, you can find a free alternative from the link: https://phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood ⏳ Ends 28th April. (Winners will receive NFT as airdrop to their linked main wallet on Phaver within 1-3 days after the event ends)
🎁 2 x Phaver-Up NFT Giveaway I am giving 2 NFTs for the Genesis Edition @lens/phaver NFT Collection, which has only 2000 supply. 🚀 PHAVER token is close and these NFTs will be very valuable. Good luck everyone! For raffle: 📌 Like + Mirror 📌 Write your Phaver Username in the comment (If you do not have a Phaver account, download and register with cryptotelugu code) 📌 Follow me on Phaver (holdbtc.lens) 📌 Connect at least 1 NFT to Phaver (this is mandatory) If you do not have an NFT to connect, you can find a free alternative from the link: https://phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood ⏳ Ends 28th April. (Winners will receive NFT as airdrop to their linked main wallet on Phaver within 1-3 days after the event ends)
Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s). Bitcoin Hashrate Achieves New High as Halving Approaches Just hours ahead of Bitcoin’s fourth halving, the network’s hashrate has set a new peak, reaching 653 EH/s on Friday—a 12 EH/s increase over the highest record set a week earlier. BTC miners are vigorously pursuing block height 840,000 to collect as many 6.25 BTC rewards as possible before they halve to 3.125 BTC. 141 EH/s. Despite a spike in mining difficulty last week coupled with a notable price decline, the hashrate has persistently risen. Observers note that at its current growth rate, the hashrate might propel Bitcoin into the zettahash era within this cycle. One zettahash per second (ZH/s), or one quintillion kilohash per second (KH/s), is equivalent to 1,000 EH/s. As of Jan. 1, 2024, the total network hashrate stood at about 512 EH/s, having climbed by 141 EH/s over recent months. In just the last three days, 438 blocks have been mined, with Foundry USA securing 126 of them. Currently, Foundry holds a total hashrate of 187.59 EH/s, up from 140.26 EH/s in January—gaining an impressive 47.33 EH/s in the past 96 days. At the year’s start, Antpool led with 147.40 EH/s, now at 154.84 EH/s, showing a growth of 7.44 EH/s in the same period. Viabtc’s hashrate stands at 89.33 EH/s today, up from 68.94 EH/s at the beginning of the year. Meanwhile, F2pool’s hashrate slightly dipped from 74.89 EH/s to 71.46 EH/s. Binance Pool experienced a modest increase from 22.58 EH/s to 23.82 EH/s, whereas Mara Pool’s hashrate decreased from 21.4 EH/s to 19.35 EH/s. Should the hashrate maintain its current trajectory, the network could hit 1 zettahash per second around Dec. 11, 2024. Nonetheless, this halving and subsequent adjustments in mining difficulty could potentially temper the hashrate’s advancement.
📣 This is it: We’re in the final stretch of PHAVER-UP: GENESIS! Join us for Week 3 alongside frens from Mocaverse 💜🦄 1000 spots up for grabs for 300 remaining Free Mints🚀 To qualify for the 3rd WL, connect your Moca ID to Phaver, and ensure you meet the following criteria 👇 W3 Phaver-Up: Genesis tasks 🔥 🔹Connect a Moca ID to your Phaver profile 🔹Connect NFTs to Phaver Cred to improve your chances 🔹Post at least once during the week 🔹Other criteria? - In Help Center ⤵️ 🦄 Mint on Magic Eden April 24th 🆙 Details ⤵️ https://phaver.gitbook.io/phaver-help-center/phaver-up-nfts/what-is-a-phaver-up-nft
Yay, I tried making a card after seeing everyone else do it! 🎉 Still not quite sure what's going on, but is this like trading cards with DEGEN? Hope this boosts the market again! 🥹🫶🏻💕 https://www.uncuts.app/cards/releases/308 https://www.uncuts.app/cards/releases/308
Epic perk from our frens at Mocaverse & Moca Foundation 💜 🔥We’re giving 500 WLs & 20 guaranteed codes for the $MOCA Token Public Sale! 🦄 To qualify, mirror & comment THIS post inside the Phaver app. Winners notified tomorrow by push notifications! Details ⤵️ 🔹Participation deadline: April 9th 1PM UTC. Code activation by April 11th. 🔹First Come, First Served (FCFS) with L3-L4 priority 🔹To increase your chances repost the above post ⤴️ and comment your Phaver username below 👇 Read more about $MOCA public sale 👇 https://medium.com/mocaverse/craft-your-way-to-moca-d838a5bdc393
Excellent and powerful project
That's awesome 👍
GM GM Frens! 💜 Big news.. 🎊 📣 Introducing: PHAVER-UP: GENESIS EDITION With $ 150M in NFTs connected to Phaver Cred it’s time to go on-chain with the ultimate utility NFT! 🆙 🪂 👀 2000 limited collection on Polygon & only mintable for free on Magic Eden Launchpad April 10th 🪄 Learn more about perks & whitelist below 👇 Visit ➡️ https://cointelegraph.com/press-releases/leading-web3-social-app-phaver-kickstarts-its-on-chain-economy-with-phaver-up-nfts How to get the Phaver-Up? Both early and new users have opportunities to qualify weekly. More information on whitelistings, auctions, and raffles can be found here: https://phaver.gitbook.io/phaver-help-center/phaver-up-nfts/what-is-a-phaver-up-nft 🌿 🦄 🔗 Magic Eden collection link 👇 https://magiceden.io/launchpad/polygon/phaver_up_genesis_edition Stay cautious of scam links. Always verify through our official channels. https://cointelegraph.com/press-releases/leading-web3-social-app-phaver-kickstarts-its-on-chain-economy-with-phaver-up-nfts
🧑🌾List of Our recent 🪂listed on @binance 🪂@ethena_labs 🪂@ether_fi 🪂@pixels_online 🪂@alt_layer 🪂@MantaNetwork 🪂@XAI_GAMES 👇Potential next, u can try now ✅ @eigenlayer ✅ @Blast_L2 ✅ @RenzoProtocol ✅ @kinzafinance ✅ @KiloEx_perp ✅ @ZircuitL2 ✅ @KelpDAO 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1774003213311812078?t=5T5c_lLQcSoZOfquwtUEmw&s=19
🍀Lucky will come to you ☘️ 🌺 Don't miss it 🌺 ✅️ Follow ✅️ Trust ✅️ Repost ➡️ Comment 💯Non-Sybil 4 Non-Sybil💯 🍻🍻🍻🍻🍻🍻🍻🍻🍻
🎉Finally the wait is over @wormholecrypto ✅Wormhole Wednesday confirmed 🪂Airdrop claim 📆3 April ⌚5 PM IST 🪙 $W 🫵R u ready? 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1773524630378275166?t=31ZSysJTeiTSccM8tvfajA&s=19
$ 20 Million in Bitcoin Long Positions Liquidated as Price Tumbles From Intraday High The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $ 71,754, the value dropped to a low of $ 68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin (BTC) has been in a consolidated pattern without much fluctuation. On Wednesday, March 27, 2024, that changed when the price spiked at around 9:15 a.m. Eastern Time and ran up to a high of $ 71,754 per coin. The bulls could neither hold the price in that range nor surpass the price height. 15 minutes later the price was in a freefall sliding below the $ 69,000 range to a low of $ 68,557. The price took a 2.5% hit during that hour, as it dropped from the $ 71,754 intraday high. Presently, BTC’s market capitalization is around $ 1.37 trillion and the leading crypto asset witnessed $ 33.28 billion in global trade volume on Wednesday. The price drop managed to liquidate $ 20.7 million in bitcoin (BTC) long positions and $ 13.03 million in ETH long positions were wiped out as well.One-hour figures show across the entire crypto economy, $ 55.44 million in long positions were liquidated. At the same time, short positions caught in the rebound saw $ 8.31 million wiped out. Bitcoin is down 6% lower than its all-time price high recorded on March 14, 2024, or roughly 13 days ago. Moreover, there are approximately 24 days left until the upcoming Bitcoin block reward halving event.
Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao, a decentralized autonomous organization (DAO) committed to integrating bitcoin (BTC) into defi, has announced the launch of eBTC in collaboration with the liquid staking platform Lido. The new token allows users to leverage staked or non-staked collateral to borrow synthetic bitcoin without any upfront fees or interest. The token eBTC is soft pegged to the price of bitcoin (BTC) and built on the Ethereum network, utilizing Lido’s staked Ether (STETH) as its sole collateral. “By using reward-generating STETH as collateral, eBTC provides the most transparent, secure, and capital-efficient method for borrowing BTC,” the team remarked on X. Badgerdao’s eBTC claims to distinguish itself by being the first protocol focused exclusively on the ETH/BTC ratio, aiming to shift most trading and strategic activities involving this pair from off-chain, centralized counterparties to onchain transparency. On Tuesday, the team explained that the protocol operates on immutable, non-custodial, and governance-reduced smart contracts. Badgerdao further emphasized its rigorous approach to security with the introduction of eBTC. “Key stakeholders have been involved in the protocols development since inception, informing key architectural decisions while helping to avoid potential risks associated with both the code and economic modelling,” the team noted on X. The launch of eBTC coincides with a period where numerous ether and bitcoin derivative tokens have grown to dominate the crypto economy. For instance, the market capitalization of STETH ranks it among the top ten, while wrapped bitcoin (WBTC) secures a position in the top 20.
🧑🌾R u farming @ethena_labs shards 🪙I farmed 3.1M shards ✅U can still join 💰@binance backed 💰$ 20M funded 👥80k users 🔗app.ethena.fi/join/tdizp 🧵U can follow my guide 📸Post ur screenshot ⛓️U can buy & hold $USDe on Injective & earn Shards 🪂Rewards May👀 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1771816503932752090?t=gVEmxwnX8gDqmuIXqH8hMQ&s=19
💥 @Blast_L2 is underfarmed compared to other L2 👥Only 542k wallets 😀Don't miss to farm @Blast_L2 with my 🥷trick ✅5dapp ✅6 Airdrops ✅Blast Gold ✅Blast points 🥷All this with my Ninja trick to farm with same capital 1💰 = 6🪂 👇Follow my guide 💙Like 🔁RT https://twitter.com/CryptoTeluguO/status/1771358643344261235?t=nq-vJC4pdBB03LvOEQuqrQ&s=19
Predicting Bitcoin's Bull Run Values: Plan B's S2F Model and Ledn CIO's $ 92,000 Target As bitcoin hovers around the $ 67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The crypto community is still buzzing with excitement, and Plan B, the architect behind the BTC price prediction model known as S2F, is increasingly sharing his S2F charts and insights. “Bitcoin realized price (cost base) is rising, but still very slowly (5-10% per month: green),” Plan B remarked on Sunday. He added, “Current market is comparable with mid-2012, begin-2017, Oct-2020 (green). Interesting times ahead.” Despite criticisms from bitcoin investors like Fred Krueger, who argues that the S2F model “is completely wrong, and must be killed,” Plan B has remained steadfast in sharing his S2F perspectives. Krueger, on the other hand, supports a Power Law model, which also anticipates a substantial rise in BTC’s price. Plan B, undeterred, unveiled another S2F chart on Monday, noting: A community member reacted to Plan B’s post, expressing, “I’d be happy if this happens. But 3-4 data points can only predict the general direction, NOT the price like $ 500K average in 2024-28. Caution is advised to all.” Plan B responded, acknowledging, “Very true. Only 3 halvings (2012, 2016 and 2020) plus the crucial pre-halving period (where BTC S2F grew from below 1 to ~4). And S2F is only for general direction, of course, and with wide error margin (for example: prediction 2020-2024 was 55K but in reality ~33K).” Ledn Exec Expects Bitcoin Price Correction Before Finding Values Between $ 85-92K To date, BTC has managed to reach a peak of $ 73,794 per unit, and since then, it has stabilized well below that figure, trading around the $ 66,500 to $ 67,150 range at 11:00 a.m. Eastern Time on Monday. Former managing director at Barclays and the current chief investment officer at crypto lender Ledn, John Glover, believes we’re due a significant dip before the next leg up, which could be as high as $ 92K during the current bull run. My view that the [bitcoin] price will have a correction seems to have struck a nerve with some readers,” Glover said in a note sent to Bitcoin.com News. “It’s important to note that while I am a believer that no price moves in a straight line, I do continue to look for $ 85-92K before this latest bull trend completes,” Glover added: Retail players are just starting to come into the [bitcoin] ETF’s en masse and the next big entry is set to coincide with the halving, so things should get interesting in a month or so.
🍀Lucky will come to you ☘️ 🌺 Don't miss it 🌺 ✅️ Follow ✅️ Trust ✅️ Repost ➡️ Comment 💯Non-Sybil 4 Non-Sybil💯 🍻🍻🍻🍻🍻🍻🍻🍻🍻
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