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13 06, 2024

10 Best Cryptocurrencies To Buy In June 2024 – Forbes Advisor INDIA

By |2024-06-13T14:12:25+03:00June 13, 2024|Crypto News, News|0 Comments

From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies to invest in based on their market capitalization or the total value of all the coins currently in circulation.

Top 10 Cryptocurrency


Best Crypto To Invest

1. Bitcoin (BTC)

  • Market cap: $1.3 trillion
  • Year-over-year return: 160%

Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one bitcoin for about $500. As of Jun. 12, 2024, a single bitcoin’s price was around $67,379. That’s a growth of 13,319%.

Related: How To Buy Bitcoin

2. Ethereum (ETH)

  • Market cap: $422.9 billion
  • Year-over-year return: 103%

Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. From April 2016 to the end of June 2024, its price went from about $11 to around $3,521, increasing 31,896%.

Related: How To Buy Ethereum

3. Tether (USDT)

  • Market cap: $112.4 billion
  • Year-over-year return: 0%

Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins. 

Related: How To Buy USDT In India

4. Binance Coin (BNB)

  • Market cap: $90.3 billion
  • Year-over-year return: 162%

Binance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

BNB’s price in 2017 was just $0.10. By late June 2024, its price had risen to around $612, a gain of 612,460%.

Related: How To Buy Binance Coin

5. Solana (SOL)

  • Market cap: $69.8 billion
  • Year-over-year return:  906%

Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.

When it launched in 2020, SOL’s price started at $0.77. By late June 2024, its price was around $151.47, a gain of 19,558%.

Related: How To Buy Solana

6. U.S. Dollar Coin (USDC)

  • Market cap: $32.2 billion
  • Year-over-year return: 0%

Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.

7. XRP (XRP)

  • Market cap: $26.9 billion
  • Year-over-year return: -6%

Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.

At the beginning of 2017, the price of XRP was $0.006. As of Jun. 12, 2024, its price reached $0.479, equal to a rise of 7,895%.

Related: How To Buy XRP In India

8. Dogecoin (DOGE)

  • Market cap: $20.3 billion
  • Year-over-year return: 138%

Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

Dogecoin’s price in 2017 was $0.0002. As of Jun. 12, 2024, its price was at $0.1397, up 69,750%.

Related: How To Buy Dogecoin

9. Toncoin (TON)

  • Market cap: $16.6 billion
  • Year-over-year return: 354%

Originally developed as a layer-1 blockchain for Telegram’s encrypted messaging platform, Toncoin was soon abandoned before being taken over by the TON foundation. The project name was even changed to “The Open Network” from its original name “Telegram Open Network,” both of which are referred to by their acronym: TON.

Toncoin—first known as Gram—is the native token for TON. It is an application that allows users to buy, send and store funds on TON’s incredibly fast, environmentally friendly network.

10. Cardano (ADA)

  • Market cap:  $15.3 billion
  • Year-over-year return: 53%

Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification in platforms like bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which ADA, its native coin, powers.

Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of Jun. 12, 2024, its price was at $0.425. This is an increase of 2,026%.

Related: How To Buy Cardano


*Market caps and pricing sourced from coinmarketcap.com, current as of 7:44 a.m. UTC on Jun. 12, 2024.

What Are Cryptocurrencies?

Cryptocurrency is a form of currency that exists solely in digital form. Cryptocurrency can be used to pay for purchases online without going through an intermediary, such as a bank, or it can be held as an investment.

How Does Cryptocurrency Work?

Cryptocurrencies are various forms of digital money that are usually based on blockchain technology. Blockchain technology allows most cryptocurrencies to exist as “trustless” forms of transactions. This means there is no centralized authority overseeing the transactions on a cryptocurrency’s blockchain.

Why Are There So Many Cryptocurrencies?

Cryptocurrency is an emerging area with more than 9,000 crypto projects in existence as of March 2024.

While some crypto function as currencies, others are used to develop infrastructure. For instance, in the case of Ethereum or Solana, developers are building other cryptos on top of these platform currencies, and that creates even more possibilities (and cryptos).

How To Choose the Best Crypto To Invest In

When choosing the best cryptocurrency to invest in, it is important to consider your individual goals, investing timeline and risk profile, just as you would with any investment. Additionally, you should do your due diligence to make sure that any crypto project you are interested in is legitimate and secure.

In general, investors should consider the following when evaluating a crypto:

  • Market capitalization
  • Liquidity
  • Security
  • Use case

How To Invest in Cryptocurrency?

You can buy cryptocurrencies through crypto exchanges, such as CoinDCX, WazirX or Coinswitch.

How To Report Crypto on Taxes

If you buy and sell coins, it’s important to pay attention to cryptocurrency tax rules.

Cryptocurrency is treated as a capital asset, like stocks, rather than cash. That means if you sell cryptocurrency at a profit, you’ll have to pay capital gains taxes. This is the case even if you use your crypto to pay for a purchase. If you receive a greater value for it than you paid, you’ll owe taxes on the difference.

More Resources in Cryptocurrency

Explore Our Top Cryptocurrency Picks

Learn More About Cryptocurrency 

Coins Prediction

Price Analysis Articles

Crypto Buying Guides

Crypto Frequently Asked Questions (FAQs)

How does trading cryptocurrencies differ from trading stocks?

While you can invest in cryptocurrencies, they differ a great deal from traditional investments, like stocks. When you buy stock, you are buying a share of ownership of a company, which means you’re entitled to do things like vote on the direction of the company. If that company goes bankrupt, you also may receive some compensation once its creditors have been paid from its liquidated assets.

Buying cryptocurrency doesn’t grant you ownership over anything except the token itself; it’s more like exchanging one form of currency for another. If the crypto loses its value, you won’t receive anything after the fact.

There are several other key differences to keep in mind:

Trading hours: Stocks are only traded during stock exchange hours. Cryptocurrency markets never close, so you can trade 24 hours a day, seven days a week.

Regulation: Stocks are regulated financial products, meaning a governing body verifies their credentials and their finances are matters of public record. By contrast, cryptocurrencies are not regulated investment vehicles, so you may not be aware of the inner dynamics of your crypto or the developers working on it.

Volatility: Both stocks and cryptocurrency involve risk; the money you invest can lose value. However, stocks are directly linked to companies and generally rise and fall based on those companies’ performance. Cryptocurrency prices are more speculative—no one is quite sure of their value yet. That makes them much more volatile and affected by something as small as a celebrity’s tweet.

Are there cryptocurrency exchange-traded funds?

Given the thousands of cryptocurrencies in existence and the high volatility associated with most of them, it’s understandable you might want to take a diversified approach to investing in crypto to minimize the risk that you might lose money.

There are exchange-traded funds, or ETFs, that trade in both bitcoin futures and bitcoin’s spot price. The bitcoin ETF that is right for you, however, depends upon many factors, including your risk tolerance and investment horizon.

Why is Bitcoin valuable?

Part of what makes Bitcoin so valuable is its scarcity. Bitcoin’s maximum supply is limited to 21 million coins. Currently, there are 19 million coins in circulation.

To create supply, Bitcoin rewards crypto miners with a set bitcoin amount. To be exact, 6.25 BTC is issued when a miner has successfully mined a single block. To keep the process in check, the rewards given for mining bitcoin are cut in half almost every four years.

Why are cryptocurrencies important?

While the initial premise of cryptocurrency was to fix the problems with traditional currencies, there are now a whole host of utility cryptocurrencies that have sprung up, thanks to the creation of the blockchain.

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13 06, 2024

Can Solana Price Touch $200 Amid Market Volatility?

By |2024-06-13T12:11:27+03:00June 13, 2024|Crypto News, News|0 Comments

Bitcoin has slipped off the $70,000 mark, sending a ripple effect across the broader crypto market, with top coins shedding off past gains. Amid this bearish sentiment, Solana (SOL) tumbled from the $170 threshold and now plays below the $155 price. 

SOL trades at $154, marking a 4% decline in the last 24 hours. With a volume of $2.1 billion, it has lost nearly 7% of its past week’s gains. But can Solana (SOL) recover? Let’s explore the possibilities.

SOL Recent Price Actions

Solana attained a monthly high of $187 on May 20. However, things didn’t sit still as the price started declining, with SOL reaching $160. Although SOL soon recovered momentum to hit above $174 on June 6, the tides have turned due to ongoing market turbulence.

Solana consolidated between $162 and $174 from May 26 to June 06 but has now slipped off this price range. Given the ongoing bearish pressure, Solana (SOL) has plummeted below the $156 support.

Solana Price Analysis: Can SOL Rebound to $200?

The daily chart shows that SOL is still stuck in a long-term bearish trend. The price has tried to break this trend several times but failed as sellers continue to dominate.

The above chart shows a bullish fair value gap (FVG) around the $154 price level. Asset prices typically rebound from this level as demand forces often exceed supply. But, if the buying pressure doesn’t hold at the FVG level ($154), SOL might keep falling. 

However, support around the $121 threshold could stop further decline. This area has a lot of liquidity, which could boost the price significantly.

If the price finds its footing here and bounces back, combined with a break above the downtrend line, SOL could hit $209. This would represent more than a 72% increase from the $121 level. Meanwhile, the RSI approaches the 30 level, indicating SOL is nearly oversold. 

Solana Network Booming, But Can Price Follow?

Solana (SOL) Price Prediction: Can Solana Price Touch $200 Amid Market Volatility?

The Solana network shows strong signs of growth. According to The Block, nearly half a million tokens were launched on the Solana network last month. Additionally, the number of active addresses on the network hit a record high in May, with over 1.78 million users interacting with Solana. 

So, what does all this mean for the price of SOL? Generally, these metrics are a good sign for the Solana network. It shows traders and investors are finding value and utility in the platform.

As more people use and develop on the platform, the demand for SOL tokens could rise, pushing the price of SOL up soon.

PlayDoge Presale Raises $3.5 Million: Could This Be the Next Crypto to Explode?

While the price trajectory of coins like Solana remains unpredictable, investors looking to diversify can boost their portfolios with new projects with massive growth potential, like PlayDoge. 

Since its presale started, PlayDoge has attracted significant investor attention. In just two weeks, the project raised $3.5 million out of its $4.2 million target, a feat that echoes its appeal to investors.

Based on this, some believe PlayDoge ($PLAY) could surge 10-fold this year, placing it among the hottest meme coins in 2024

PlayDoge’s utility token, $PLAY, has been in the spotlight for the past few days. Notable news outlets and influential crypto pundits, like the famous crypto YouTuber Jacob Bury, mentioned it. Jacob Bury believes PlayDoge could post a 10x rally in value once it launches on crypto exchanges.

Moreover, PlayDoge proves its value by combining the meme allure with a video gaming utility. It uses a Play2Earn model to incentivize users, encouraging sustainable community engagement. This makes $PLAY one of the most profitable presales to invest in 2024. 

$PLAY currently trades at $0.00506, and its price will increase in less than 24 hours. Interested investors should take advantage of this window to accumulate enough PLAY coins before the price increases.

PlayDoge’s P2E Attract More Investors to the Presale

Crypto projects with real-world utility are considered more sustainable. So, PlayDoge’s gaming utility makes it attractive to investors. In the PlayDoge game, players can earn $PLAY coins each time they care for virtual pets. 

The best players are shown on a leaderboard, which is a list that ranks players by their performance. High-ranking players can get extra $PLAY tokens and special prizes. 

In addition, you can trade the token you earn from playing the game on crypto exchanges for ETH or BTC.

Further, the project has a staking feature, where you can earn extra income by locking up your tokens for a certain period. Investors who start now can earn a reward of 288% APY for staked tokens. Already, more than 66 million $PLAY tokens have been staked. The yield will decline as more gets staked.

PlayDoge has new and exciting features and solid technology, providing a strong foothold in the market. With the right approach, PlayDoge could be a pioneer in crypto gaming.

To participate, visit the official website and purchase your $PLAY coins using ETH, USDT, or a bank card.

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13 06, 2024

Recovery Could Fade Above $260

By |2024-06-13T10:10:20+03:00June 13, 2024|Crypto News, News|0 Comments

BNB price (Binance coin) is slowly recovering above $245 against the US Dollar. The price might face heavy resistance near $268 and $270.

  • Binance coin price is attempting a recovery wave above $230 against the US Dollar.
  • The price is now trading below $280 and the 100 simple moving average (4 hours).
  • There was a break above a key bearish trend line with resistance near $230 on the 4-hour chart of the BNB/USD pair (data source from Binance).
  • The pair might face many hurdles near $268 and $270.

Binance Coin Price Starts Recovery

This past week, BNB price saw a major decline from well above $280. There was a steady decline below the $250 support zone, putting pressure on Bitcoin and Ethereum.

The price even tested the $220 support zone. A low is formed near $220.6 and the price is now slowly moving higher. There was a move above the $230 resistance. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $317.0 swing high to the $220.6 low.

Besides, there was a break above a key bearish trend line with resistance near $230 on the 4-hour chart of the BNB/USD pair. However, the pair is still trading below $280 and the 100 simple moving average (4 hours).

Recovery Could Fade Above 0

Source: BNBUSD on TradingView.com

On the upside, BNB is facing resistance near the $255 level. The next major resistance is near $268. It is close to the 50% Fib retracement level of the downward move from the $317.0 swing high to the $220.6 low. A clear move above the $268 resistance and $270 might start a steady increase. The next major resistance is near the $280 level, above which the price might rise toward the $300 resistance.

Another Drop in BNB?

If BNB fails to clear the $268 resistance, it could start another decline. Initial support on the downside is near the $240 level.

The next major support is near the $230 level. If there is a downside break below the $230 support, there could be an extended decline toward the $220 support. Any more losses could send the price toward the $200 support.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.

Major Support Levels – $240, $230, and $220.

Major Resistance Levels – $255, $268, and $270.

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13 06, 2024

Doge Restarts Rally And Aims For $0.10

By |2024-06-13T08:08:56+03:00June 13, 2024|Crypto News, News|0 Comments

Dogecoin found support near $0.080 against the US Dollar. DOGE is rising and might rally toward the $0.10 resistance zone.

  • DOGE remained strong above the $0.080 support against the US dollar.
  • The price is trading above the $0.085 zone and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $0.0840 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
  • The pair could rise further toward the $0.10 resistance if Ethereum and Bitcoin extend gains.

Dogecoin Price Holds Ground

After a major rally, Dogecoin’s price started a downside correction below $0.090. DOGE tested the $0.080 support zone where the bulls took a strong stand.

A low was formed near $0.0803 and the price started a fresh increase. Recently, there were strong bullish moves in Ethereum and Bitcoin. They both dragged DOGE higher from the $0.082 zone. There was a move above the 23.6% Fib retracement level of the key drop from the $0.1050 swing high to the $0.0803 low.

Dogecoin price is now trading above the $0.085 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.0840 on the 4-hours chart of the DOGE/USD pair.

Source: DOGEUSD on TradingView.com

On the upside, the price is facing resistance near the $0.0928 level. It is close to the 50% Fib retracement level of the key drop from the $0.1050 swing high to the $0.0803 low. A close above the $0.0928 resistance might send the price toward the $0.098 resistance. The next major resistance is near $0.100. Any more gains might send the price toward the $0.1125 level.

Fresh Decline in DOGE?

If DOGE’s price fails to gain pace above the $0.0928 level, it could start a fresh decline. Initial support on the downside is near the $0.086 level.

The next major support is near the $0.084 level and the trend line. If there is a downside break below the $0.084 support, the price could decline further. In the stated case, the price might decline toward the $0.080 level.

Technical Indicators

4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.086, $0.084, and $0.080.

Major Resistance Levels – $0.0928, $0.0980, and $0.010.

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13 06, 2024

BNB Price Zooms 10%, Here Are Next Possible Barriers For Bulls

By |2024-06-13T06:07:36+03:00June 13, 2024|Crypto News, News|0 Comments

BNB price is gaining bullish momentum above the $450 resistance. The price is signaling a strong uptrend and might soon surpass the $500 resistance.

  • BNB price is showing bullish signs above the $450 resistance level.
  • The price is now trading above $465 and the 100 simple moving average (4 hours).
  • There was a break above a connecting trend line with resistance at $430 on the 4-hour chart of the BNB/USD pair (data source from Binance).
  • The pair could continue to rise toward the $500 resistance zone or even $520.

BNB Price Extends Rally

In the last BNB price prediction, we discussed the chances of more gains above the $400 resistance zone. The bulls did remain active and were able to push the price above the $400 level.

BNB is now outperforming Bitcoin and Ethereum with a move above the $450 resistance. There was a break above a connecting trend line with resistance at $430 on the 4-hour chart of the BNB/USD pair. It is up over 10% today and trading above $470.

A high was formed near $478 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $364 swing low to the $478 high.

The price is now trading above $465 and the 100 simple moving average (4 hours). Immediate resistance is near the $475 level. The next resistance sits near the $488 level. A clear move above the $488 zone could send the price further higher.

BNB Price Zooms 10%, Here Are Next Possible Barriers For Bulls

Source: BNBUSD on TradingView.com

In the stated case, BNB price could test $500. A close above the $500 resistance might set the pace for a larger increase toward the $520 resistance. Any more gains might call for a test of the $542 level in the coming days.

Dips Supported?

If BNB fails to clear the $475 resistance, it could start a downside correction. Initial support on the downside is near the $4620 level.

The next major support is near the $450 level. The main support sits at $420 or the 50% Fib retracement level of the upward move from the $364 swing low to the $478 high. If there is a downside break below the $420 support, the price could drop toward the $400 support. Any more losses could initiate a larger decline toward the $380 level.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.

Major Support Levels – $460, $450, and $420.

Major Resistance Levels – $475, $500, and $520.

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13 06, 2024

Will The New Listings Help The Memecoin To Explode?

By |2024-06-13T00:04:27+03:00June 13, 2024|Crypto News, News|0 Comments

  • Babedoge is 12.80% up in 24 hours, currently in a downtrend with bulls trying to pullback
  • The Price and Volume moving in the opposite direction indicate more corrections if not controlled
  • Babedoge price is expected to break out upward direction as per its increasing popularity and fundamentals.

The memefi coin Babydoge today swings from being 25% up in the initial sessions to drop to 12% up now with price trading at $0.00000000186. Though the meme coin has released positive fundamentals this week the price could break out of the consolidation phase. 

The Dogecoin-inspired crypto Baby Doge grabbed attention this week with its recent announcement on ownership renouncing on Ethereum, BSC network, and Solana in the pipeline,   followed by new listings on Bybit, BingX, Changenow, Toobit, Blofin, KCex.

Whereas the token is 10% up monthly, today’s pullback can be primarily because of the waning crypto market. Secondly, the increased volatility and selling pressure after the impulse surge has a major impact. A rise in market trends may trigger the upward rally again.

BabyDoge Price and Volume Directions Show Bearish Trend

As seen on the santiments chart the BabyDoge token volume with a 24-hour rise of 1144% is moving against the price direction. This opposite movement indicated a bearish breakout if not pulled towards each other for a alongside movement. 

BabyDog Analysis

In the 1Day babydoge/usdt chart, dogecoin can be seen in consolidation since mid-March and trading in the crucial support and resistance zone, passing through a restest. 

Interestingly the RSI of babydoge is at extreme 100, since march and before, the coin isn’t falling under major corrections despite such high overbought conditions. 

Babydoge token trading above almost all Moving averages forms bullish support for the coin, and MACD in line with the histogram also creates room for upward momentum. 

Can BabyDoge Rally?

Yes, BabyDoge sits on the foothills of the rally to enter into the list of mainstream members like Wif, Pepe, Doge, Floki, and Shib. The project is making consistent fundamental developments and listings, increasing to its holders. 

In the Short term, BabyDoge needs to break out of the upper resistance zone that creates the ability to grow up. In the reverse scene, if the price faces another restest or breaks below the support zone, more corrections can be expected. 

The Long-term analysis shows a bullish trend and any further corrections can be an buying opportunity. 

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12 06, 2024

Why is XRP Price Still Crashing Today?

By |2024-06-12T22:03:57+03:00June 12, 2024|Crypto News, News|0 Comments

Despite outstanding fundamentals, XRP price has been going down in a market-wide crash. On June 11, Bitcoin price crashed to lower $66,000, resulting in a red day for almost all crypto assets. XRP experienced a 5.3% drop but has since recovered some of the losses.

XRP price hovered around $0.4811 during European trading hours on Wednesday, an 8.3% decrease in the past 7 days, as per CoinGecko. Based on the Bitcoin price prediction, it recovered some value from the recent drop and sat around $67,333 at press time, albeit a 5.2% decrease in the past week.

XRP/BTC Price Analysis: Bears Commandeer the Markets, is There Reprieve for XRP?

Following the gradual drop in the price of Bitcoin since June 6, XRP and other cryptocurrencies have been experiencing red days. After the initial drop from its previous high made in the February-March pump, XRP price retraced and entered a zone of consolidation, which later turned into a symmetrical triangle. These chart patterns have a 50/50 chance of breaking out on either side and are greatly influenced by market sentiment and fundamentals.

XRP’s relative strength index (RSI) has fallen to 32, suggesting it is nearing oversold levels. If it drops below 30, it would signal that XRP is likely due for a price reversal. Bearish market sentiment following Bitcoin’s crash resulted in the chart pattern resolving downward, causing XRP price to drop to $0.47. If bears persist, its price may drop further to $0.36. However, a key support level exists around $0.42.

Conversely, in an upward scenario, XRP price may find some resistance around $0.55, which, if the bulls beat, might result in the asset flying to $0.75.

Bitcoin price slid lower on June 11 and is currently scaling $67,000 and still within a consolidation zone. Good news from the FOMC meeting on June 12 may change the crypto market tides, resulting in upward movement.

XRP Price Future Outlook

The Senate committee has passed a potentially game-changing bill that might affect most cryptocurrencies, including Bitcoin and XRP. The bill contains a passage and provisions that would force crypto-based companies to KYC their users or face sanctions. 

The provision expedites the process of sanctioning such crypto companies, which include exchanges linked to users who support terrorist groups.

This bill may be crucial in the long run, as hackers often use Bitcoin and crypto as modes of ransom. 

Bottom Line

As Bitcoin and the crypto markets continue to bleed, interesting events are unfolding in the United States regarding crypto regulations. Investors await the FOMC meeting results on June 12 to know the next direction of the markets.

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12 06, 2024

Bitcoin Price Prediction 2024-2030: Expert Analysis And More

By |2024-06-12T20:02:37+03:00June 12, 2024|Crypto News, News|0 Comments

Story Highlights

  • Bitcoin price today is 69,884.0478
  • If Bitcoin sustains above $40K, the BTC price prediction for 2024 predicts it to reach $120,000.
  • The Bitcoin price forecast 2030 projects a meteoric recovery in BTC price to reach $347,783.

As the BTC price attempts a bullish comeback to surpass the psychological mark of $70,000, the crypto market prepares for a comeback. With Bitcoin making waves under $70,000, the underlying sentiments are taking a bullish shift.

With Bitcoin gradually gaining momentum after a bearish month despite the Halving event, the oldest crypto is under pressure. As Bitcoin is overcoming the pullback phase, expectations for $100K are resurfacing in the market.

With the markets filled with high hopes, questions arise, such as: “Is Bitcoin ready to reach the $100K mark?” or “Will Bitcoin ever go up?” or “Where will Bitcoin be in 5 years?”

We bring our comprehensive Bitcoin Price Prediction 2024-2030 to solve such doubts.

Overview

Cryptocurrency Bitcoin
Token BTC
Price $ 69,884.04782289 1.51%
Market Cap $ 1,377,017,711,081.5227
Trading Volume $ 24,445,841,182.0778
Circulating Supply 19,704,321.0000
All-time High $68,789.63 Nov 10, 2021
All-time Low $0.04865 Jul 15, 2010
24 High $ 63,429.0300
24 Low $ 60,630.0000

Bitcoin Price Prediction June 2024

With the 3.16% crash as the FOMC meeting comes closer, the BTC price tests the 50D EMA and breaks below the $68,000 mark. Currently, the biggest crypto trades at $67,508 and reveals a fractured support trendline of the recovery rally.

Further, the BTC price action reveals the sellers undermining the inverted head and shoulder pattern in the daily chart. Even the MACD and signal line emerge in bearish alignment with the overnight fall in Bitcoin.

If the bullish dominance fails to bounce back the market price from the dynamic 50D EMA, the downfall might extend to test $60,760 this month. However, a bullish comeback can rechallenge the overhead resistance trendline and reclaim the $70,000 mark.

Bitcoin Price Prediction Potential Low Potential Average Potential High
Bitcoin Price Prediction June 2024 $60,000 $66,412 $71,613

Also Read: What is Bitcoin? An In-Depth Guide To The King Of Digital Currencies

Derivatives Analysis

In the past week, long position traders have dominated, with funding rates at 0.01493545.

Open interest has risen by 0.88% over the last seven days, indicating increased market activity and volatility, supporting the current price trend. Notably, $6.684 million in short positions were liquidated in the last 24 hours, compared to $5.857 million in long positions.

Bitcoin Price Prediction 2024

With a bull run for the most part of Q1 and Q2 of 2024, the buyers are confidently taking bullish positions in Bitcoin. As the uptrend makes a peak at $72,000 and sustains dominance above $60,000, the bull run could gain momentum.

With the rising hopes for interest rate cuts in the US market will bolster BTC’s price uptrend. Therefore, 2024 is highly anticipated to be a bullish year for Bitcoin, with a potential high of around $120,000 and a potential low of $35,000.

Bitcoin Price Prediction Potential Low Potential Average Potential High
Bitcoin Price Prediction 2024 $35,000 $77,500 $120,000

Bitcoin Price Prediction 2025-2030

Bitcoin Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2025 61,357 95,903 140,449
2026 82,522 115,569 155,284
2027 152,837 160,942 169,047
2028 174,063 183,485 192,908
2029 204,634 222,096 239,559
2030 277,751 312,767 347,783

Bitcoin Price Prediction 2025

With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price prediction for 2025 will potentially be $95,903. 

Bitcoin Price Prediction 2026

Firstly, according to Bitcoin Price Prediction 2026, the BTC price range in 2026 is expected to be between $82,522 and $155,284. Moreover, the average price is projected to be $115,569.

BTC Price Prediction 2027

Subsequently, as per BTC Price Prediction for 2027, the Bitcoin price range can be between $152,837 to $169,047. Furthermore, the average price is expected to be $160,942, indicating a relatively stable bullish period for Bitcoin.

Bitcoin Price Prediction 2028

With the 5th Halving, the Bitcoin price will see another bullish spark in 2028. Specifically, as per Bitcoin Price Prediction 2028, the potential BTC price range in 2028 is $174,063 to $192,908. The average price is also expected to be $183,485, demonstrating continued positive momentum.

BTC Price Prediction 2029

Thereafter, as per BTC Price Prediction 2029, the BTC price will range between $204,634 and $239,559. The average price is projected to be $222,096, indicating a significant rise in Bitcoin’s value.

Bitcoin Price Prediction 2030

Finally, in 2030, Bitcoin prices are predicted to maintain a positive trend. Indeed, the BTC price is expected to reach a new all-time high, ranging between $277,751 and $347,783. In conclusion, the average cost is expected to be $312,767.

Bitcoin Market Price Prediction: Analyst and Influencer’s BTC Price Prediction

Firm Name 2024 2025
Gov.Capital $91,245 $123,352
DigitalCoinPrice $78,717 $110,963
Trading Beasts $88, 632 $154,435
  • As per the speculations of Blockware Solutions, the price of 1 BTC could hit $400,000.
  • The author of Rich Dad, Poor Dad, Robert Kiyosaki, speculates the Bitcoin price will cross $100,000 this year.
  • Adam Back supports the bullish prediction of Bitcoin and expects an all-time high above $100,000.

CoinPedia’s Bitcoin (BTC) Price Prediction

Firstly, at CoinPedia, we feel optimistic about Bitcoin’s price increase.

Hence, We expect the BTC price to create a 2024 high of $120,000.  

Bitcoin Price Prediction Potential Low Potential Average Potential High
Bitcoin Price Prediction 2024 $35,000 $77,500 $120,000

ChatGPT Predicts Bitcoin Price To Cross $1 Million

Furthermore, using the above Bitcoin Halving table, we asked ChatGPT to calculate the potential jump in Bitcoin after the 2024 halving. Using AP and GP, the AI estimates the Bitcoin price post-halving to jump 290% or 4,160% this year.

Rounding off the current Bitcoin price to $65,500, AI predicts Bitcoin will boom in 2024 after the fourth Bitcoin Halving. As per the arithmetic progression viewpoint, the price of BTC could hit $255,450. Optimistically, the Bitcoin price could scale to $2,790,464 per G.P.

Bitcoin Historic Price Sentiments 2008 – 2024

Analyzing the historic price sentiment of BTC is suitable for rightly interpreting the indications we come across while analyzing its future price sentiment.  

In a nutshell, the optimism and hope around Bitcoin have continued to grow ever since its launch. And now, with the institutions coming together with the 4th Bitcoin halving as a crucial turning point.

FAQs

How much is 1 Bitcoin worth?

At the time of publishing, the price of 1 BTC was $65,509.

Why is Bitcoin halving done?

Bitcoin halving ensures that the amount of mineable Bitcoin reduces over time, making BTC more scarce and increasing its worth.

Will the Bitcoin price go back up?

Bitcoin price will surge with the Bitcoin halving coming closer.

What is the projected price of Bitcoin in 2024?

The projected price of Bitcoin in 2024 will range between $35,000 and $120,000, with an average of $77,500.

What is the projected cost of Bitcoin in 2024?

For 2024, the BTC price will have a projected high of $120,000 and a potential low of $35,000.

How much will 1 Bitcoin be worth in 2025?

As per Coinpedia’s Bitcoin price prediction, the price of 1 BTC could peak at $140,449.

How much will $1 Bitcoin be worth in 2030?

In 2030, the price of 1 Bitcoin could reach a height of $347,783.

Will BTC rise again?

After the fourth Bitcoin Halving, the BTC price trend has slowly gained bullish momentum. As per the historical records, the BTC price is expected to rise again and hit the $100K mark.

What will Bitcoin be in 10 years?

Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. However, the BTC price is expected to cross $300,000 by 2030. With global adoption, a single Bitcoin could be worth a million dollars.

If I had invested $100 in 2020 fall, what it be worth now?

The 2020 fall in Bitcoin found support at $3850 and started at $10,501. Considering you bought at the peak, your $100 investment would have increased by 1607%. In short, your investment would be worth $1,701.

BTC
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12 06, 2024

Will The New Listings Help The Memecoin To Explode? 

By |2024-06-12T18:01:32+03:00June 12, 2024|Crypto News, News|0 Comments

  • Babedoge is 12.80% up in 24 hours, currently in a downtrend with bulls trying to pullback
  • The Price and Volume moving in the opposite direction indicate more corrections if not controlled
  • Babedoge price is expected to break out upward direction as per its increasing popularity and fundamentals. 

The memefi coin Babydoge today swings from being 25% up in the initial sessions to drop to 12% up now with price trading at $0.00000000186. Though the meme coin has released positive fundamentals this week the price could break out of the consolidation phase. 

The Dogecoin-inspired crypto Baby Doge grabbed attention this week with its recent announcement on ownership renouncing on Ethereum, BSC network, and Solana in the pipeline,   followed by new listings on Bybit, BingX, Changenow, Toobit, Blofin, KCex.

Whereas the token is 10% up monthly, today’s pullback can be primarily because of the waning crypto market. Secondly, the increased volatility and selling pressure after the impulse surge has a major impact. A rise in market trends may trigger the upward rally again.

BabyDoge Price and Volume Directions Show Bearish Trend

As seen on the santiments chart the BabyDoge token volume with a 24-hour rise of 1144% is moving against the price direction. This opposite movement indicated a bearish breakout if not pulled towards each other for a alongside movement. 

BabyDog Analysis

In the 1Day babydoge/usdt chart, dogecoin can be seen in consolidation since mid-March and trading in the crucial support and resistance zone, passing through a restest. 

Interestingly the RSI of babydoge is at extreme 100, since march and before, the coin isn’t falling under major corrections despite such high overbought conditions. 

Babydoge token trading above almost all Moving averages forms bullish support for the coin, and MACD in line with the histogram also creates room for upward momentum. 

Can BabyDoge Rally? 

Yes, BabyDoge sits on the foothills of the rally to enter into the list of mainstream members like Wif, Pepe, Doge, Floki, and Shib. The project is making consistent fundamental developments and listings, increasing to its holders. 

In the Short term, BabyDoge needs to break out of the upper resistance zone that creates the ability to grow up. In the reverse scene, if the price faces another restest or breaks below the support zone, more corrections can be expected. 

The Long-term analysis shows a bullish trend and any further corrections can be an buying opportunity. 

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12 06, 2024

BNB Price Prediction – Bears Struggle, Will Price Finally Cross $220?

By |2024-06-12T16:01:06+03:00June 12, 2024|Crypto News, News|0 Comments

BNB price is still consolidating above the $200 support zone against the US Dollar. It could start a decent increase if there is a close above the $220 resistance.

  • BNB price is slowly moving higher toward the $220 resistance against the US Dollar.
  • The price is now trading above $210 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $211.5 on the 4-hour chart of the BNB/USD pair (data source from Binance).
  • The pair might gain bullish momentum if there is a daily close above $220.

BNB Price Remains In A Range

This past week, BNB price again retested the $200-$202 support zone. The bears made another attempt to clear the key $200 support, but they failed. A low was formed near $203 before the price started a decent increase, like Bitcoin and Ethereum.

There was a move above the $210 and $212 levels. The price tested the main $220 resistance. A high is formed near $219.2 and the price is now consolidating above the 50% Fib retracement level of the upward move from the $203 swing low to the $220 high.

BNB is now trading above $210 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $211.5 on the 4-hour chart of the BNB/USD pair.

BNB Price Prediction – Bears Struggle, Will Price Finally Cross 0?

Source: BNBUSD on TradingView.com

If there is a fresh increase, the price could face resistance near the $215.5 level. The next resistance sits near the $220 level. A clear move above the $220 zone could send the price further higher. In the stated case, BNB price could test $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance.

More Losses?

If BNB fails to clear the $220 resistance, it could start another decline. Initial support on the downside is near the $211 level and the trend line. The next major support is near the $207 level or the 76.4% Fib retracement level of the upward move from the $203 swing low to the $220 high.

If there is a downside break below the $207 support, the price could drop toward the $202 support. Any more losses could initiate a larger decline toward the $185 level.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is losing pace in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.

Major Support Levels – $211, $207, and $202.

Major Resistance Levels – $215, $220, and $222.

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