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Home > News
Published: 26/03/2024
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Author: Leexim
Standard Chartered Forecasts Bitcoin to Rise to $250,000
Standard Chartered predicts that Bitcoin could surge to around $250,000 by the end of 2025, fueled by strong capital inflows into ETFs.
Azcnews (1)
Standard Chartered has revised its Bitcoin price prediction, hinting at a bullish future for the cryptocurrency. Presently, they believe BTC could reach a staggering $150,000 by the end of 2024, marking a significant increase from their previous forecast.
Looking further ahead, Standard Chartered suggests that Bitcoin could skyrocket to around $250,000 by the end of 2025 before stabilizing. This surge is anticipated to be driven by a combination of strong ETF capital inflows, interest from reserve managers, and the upcoming Bitcoin halving event, which traditionally has positively impacted the cryptocurrency’s value.
Regarding Ethereum, the bank is also optimistic, expecting it to reach highs of $8,000 by the end of 2024 and $14,000 by the end of 2025. These predictions hinge on the possibility of the U.S. Securities and Exchange Commission (SEC) approving Ethereum ETFs, which could lead to an explosive price rally similar to what has been witnessed with Bitcoin.
Standard Chartered Bitcoin
Standard Chartered Bitcoin
Analyzing Bitcoin’s future based on its chart, we can observe robust performance. Key support levels to monitor for Bitcoin in this bullish scenario may hover around $53,797 and $45,885, corresponding to the 100-day and 200-day moving averages, respectively.
On the other hand, the resistance level to break for further growth is around the recent high of approximately $70,000. A successful Bitcoin consolidation above this level could push the digital gold’s value higher due to market stability.
Related: Bitcoin Surges Back to $70,000 Amid Ongoing GBTC Sell-Off
It’s important to remember that while the bank’s predictions and technical analyses can provide insightful perspectives on potential price fluctuations in the future, the current market is highly volatile, and each strong upward movement can lead to a sharp correction, potentially nullifying your profits. Exercise caution and refrain from overleveraging.
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News | Altcoin | Editor Choice 26/03/2024
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Home > News
Published: 25/03/2024
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Author: Kane
Covalent Launches Airdrop for CQT Stakers
Covalent, the infrastructure platform, has launched an airdrop program for those who stake CQT tokens. To learn more about this program, read the details here!
Azcnews Breaking1
Covalent (CQT), a project providing a unified API interface for accessing data from various blockchains, has just introduced an enticing airdrop pr
This initiative aims to recognize and reward the community’s support and contributions to the project. The program will categorize CQT token stakers into four different groups based on the duration of their stake, with each group receiving its own rewards.
To participate in upcoming airdrop rounds, users need to become CQT token stakers. Detailed instructions can be found here!
Related: How to Participate in the Backpack Airdrop
About Covalent and CQT Price Dynamics
Interface Covalent
Covalent is a pioneering project in providing a unified API interface, enabling quick and large-scale access to blockchain data across over 200 different chains. The project utilizes big data processing technology to extract meaning from hundreds of billions of data points, providing valuable insights for investors and helping developers focus resources on key objectives, delivering higher value for organizations.
Covalent collects, processes, indexes, and stores blockchain data from various sources into a local data warehouse, which users can query through a single API. During this process, Covalent uses proof-of-stake via Moonbeam to authenticate completed tasks at each step, ensuring security and standardizing blockchain data with encryption, allowing data queries from any chain through a unified API.
The Covalent Query Token (CQT) is the project’s native token, playing a crucial role with three main functions:
CQT serves as governance token, allowing holders to vote on proposals to change system parameters.
CQT acts as a staking asset, where validating nodes receive rewards for processing and responding to data queries.
CQT functions as a network access token, used by users to execute data queries through Covalent’s API interface.
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拾柒
25/03/2024 at 1:08 pm
That‘s very goood！
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拾柒
25/03/2024 at 1:08 pm
That‘s very goood！I already seeing that！
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Kstmofizur
25/03/2024 at 5:02 pm
Hallo I am mofizur Rahman
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Romeo Vincent
25/03/2024 at 10:43 pm
This is amazing!
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Victor
26/03/2024 at 2:23 am
Beautiful
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LATEST
Azcnews Breaking
News | Altcoin | Editor Choice 26/03/2024
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