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Crypto Shuttle News

Tag: Analyst

  • Analyst Projects 400% Price Increase

    Analyst Projects 400% Price Increase

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    VeChain (VET), a blockchain platform aiming to revolutionize supply chain management, has become a hot topic in the cryptocurrency world. A recent surge in VET’s price, coupled with technical breakthroughs, has ignited a wave of optimism among investors and analysts.

    VeChain Shatters Resistance Levels, Bullish Flag Signals New Highs

    The good news for VeChain started with a decisive break above a multi-year downtrend line. This technical indicator, closely watched by analysts, suggests a potential shift in long-term market sentiment. Additionally, VET decisively surpassed a key horizontal resistance level, adding fuel to the bullish fire.

    At the time of writing, VET was trading at $0.04, down 3.1% in the last 24 hour, but managed to sustain a 17% gain the last week, data from Coingecko shows.

    Following this breakout, VeChain entered a consolidation phase, a period of sideways trading often seen after a significant price increase. However, this pause proved to be temporary. VET recently emerged from a bullish flag formation, a technical pattern known for preceding substantial price increases. Analysts are interpreting this breakout as a sign that VeChain is poised for another leg up.

    400% Surge Anticipated: Will VeChain Live Up To The Hype?

    Capitalizing on the bullish sentiment, crypto analysts have made some bold predictions. World of Charts, a prominent analyst group, is forecasting a staggering 400% increase in VET’s value in the coming weeks.

    X user Clifton Fx also provided a positive outlook. A 25% surge to $0.06 is in the cards in the next days, the expert said, pointing to VET’s “bullish flag” on the daily period.

    However, the cryptocurrency market is notorious for its volatility, and unforeseen events can trigger rapid price swings. While the technical indicators and analyst forecasts paint a rosy picture for VeChain, there’s no guarantee that the predicted surge will materialize.

    VET market cap currently at $3.5 billion. Chart: TradingView.com

    Beyond The Hype: VeChain’s Real-World Potential

    VeChain’s appeal goes beyond the recent technical triumphs and the allure of potential windfalls. Unlike many cryptocurrencies focused solely on speculation, VeChain offers a tangible solution to real-world problems. Its blockchain platform tackles inefficiencies and lack of transparency in supply chains, a multi-trillion dollar industry ripe for disruption.

    VET weekly price action. Source: Coingecko

    VeChain’s technology allows businesses to track products throughout the entire supply chain process, ensuring authenticity, quality, and efficient logistics. This not only benefits businesses but also empowers consumers with greater transparency about the products they purchase.

    VeChain’s recent surge and optimistic forecasts present an attractive opportunity for investors. However, the inherent volatility of the cryptocurrency market cannot be overstated.

    Featured image from Binance Academy, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst

    Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst

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    Bitcoin and Ethereum have led the market in the recent downturns that have rocked the market. These two digital assets are no doubt market movers in their own right and as such, uptrends or downtrends begin with them. It has raised concern among investors who believe that the market is finally heading into a stretched-out bear market. However, not everyone believes this as some believe the current downtrend is only temporary.

    Mike McGlone On Bitcoin And Ethereum

    Mike McGlone is one of the leading Bloomberg analysts. Focused on the financial market, he authors a newsletter that shares his thoughts around various markets, including stocks and the crypto market. McGlone is currently one of the people with the most optimistic view of the market despite the various dips that have rocked the space. Most especially on the top digital assets in the crypto market.

    Related Reading | Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block

    McGlone who was on The Wolf of all Streets podcast shared some interesting thoughts on the market, putting the analyst at an overall bullish position for bitcoin and ethereum.

    Bitcoin price chart from TradingView.com

    BTC down to $38K | Source: BTCUSD on TradingView.com

    The analysts point to the correlation with the stock market. This, he explains, is getting ready for a pullback and when this happens, bitcoin and by extension, ethereum, would benefit from this correction.

    “Here’s my prediction: the markets pull back,” said Mike McGlone. “We finally get a 10%, maybe 20%, correction in the stock market. All correlations are one, which is usually the way it works. Bitcoin comes out better off for it. Ethereum, potentially too.”

    This pullback though is only reflected on the top two cryptos which McGlone expects to recover after this.

    Other Cryptos May Not Fare Well

    Talking about other cryptocurrencies, the analyst took a more bearish stance on them. The positivity displayed in the podcast towards top coins bitcoin and ethereum did not translate to the rest of the market which he does not expect to fare well despite the pullback.

    Related Reading | Ethereum Fee Averages Remain Above $30 Despite 35% Drop. Price Pump Incoming?

    McGlone especially focused on dog coins which were arguably the winners of 2021. The craze which saw various meme tokens with no utility whatsoever soar to billions of dollars in valuation was referred to as “stupid” by the Bloomberg analyst.

    “The rest of the space, we do have to admit, the speculation you saw in the dog coins last year was indicative of this. It’s just stupid and we’re going to tell the story to our grandkids,” he said.

    Even for a digital asset like Solana which had a largely successful year, McGlone did not seem excited about it. He lumped SOL in with the dog coins, which he said were the riskiest of assets. “The bottom line is they are the riskiest of assets,” said McGlone. “There’s massive speculation. I mean the dog coins and even in things like Solana,” he added.

    Featured image from Bitcoin news, chart from TradingView.com

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  • Coinbase Community Analyst Program

    Coinbase Community Analyst Program

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    Coinbase is delighted to announce the launch of the Community Analyst Program, a.k.a. the CAP Program. This is a new and exciting way for students, professionals and community members who share our core beliefs to contribute to Coinbase’s mission to increase economic freedom.

    If you are crypto-native, crypto-passionate or insatiably crypto-curious, this is an opportunity to get involved in the fast-paced crypto industry.You will gain a foundation of meaningful experiences and relationships to build-on!

    So let’s cover the basics: the Why, Who, What, Where and When?

    Why Become a Community Analyst?

    With the cryptocurrency industry evolving rapidly, Coinbase’s goal to help bridge crypto and the mainstream will become even more important. As such, we are launching a Community Analyst program to provide a platform for crypto-passionate individuals to launch their crypto careers, either at Coinbase or elsewhere in the space. At Coinbase, we believe it’s our responsibility to be good stewards of the space, which means developing the next generation of leaders and elite talent to drive growth for the wider industry. This will help accelerate wider industry growth.

    As a Community Analyst, you will be on the front lines collecting information and signals from community hotspots, in-person events and/or conferences as well as public online resources (including the blockchain). Some benefits of the program include:

    • An hourly wage & Coinbase gear!
    • Opportunity to influence Coinbase initiatives
    • Further career development opportunities
    • Build relationships within your cohort and in the crypto community
    • Opportunities to meet and get to know the Coinbase team

    Who Is Eligible for the Program?

    Any university students, graduate degree students, full-time professionals or crypto community members are encouraged to apply. Community Analysts will be part-time contractors. Depending on company needs and candidate fit, Coinbase may extend summer internships or full-time offers.

    What is Required of a Community Analyst? Where is the program held?

    You need to be crypto-native or crypto-passionate and insatiably curious. The program is fully remote. Duties will include both virtual and real-world components, such as:

    • Embedding into crypto communities, participating and building relationships in community hot-spots throughout Discord, Telegram, Twitter, and other outlets.
    • Generating periodic reports or research analysis on emerging trends, community sentiment and grassroots activities.
    • Attending in-person meetups or crypto industry conferences as needed.
    • Average commitment of 10–15 hours per week.

    You will update the Coinbase team during bi-weekly check-up calls and keep us updated on your progress via group chats. We expect Community Analysts to be self-motivated and dedicated to producing measurable results.

    When does the program start?

    The inaugural program cohort will be rolled out from January 2022 lasting through May 2022, and will be termed the “Spring Cohort”. A Fall cohort is scheduled for September 2022 to December 2022. Spring and Fall cohorts are expected to occur every year the program is active.

    How do I join?

    To join, you must first fill out the application form here. Those interested should have a basic familiarity with the cryptocurrency industry and blockchain space. If selected, you will have a call with our partners to ensure our goals and expectations are aligned. If you advance through the phone screening process, the onboarding process will begin — more details will be shared at that time.

    Becoming a Community Analyst leads to opportunities to expand your role, such as potential summer internship offers, full-time offers or even opportunities developing within the communities you engage in. More information about opportunities to join a Coinbase summer internship or full-time offer will be given upon successful completion of the program. Note: Community Analysts will be contracted through a third party and will not be engaged as Full Time Employees of the company.

    Coinbase Community Analyst Program was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst

    Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst

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    Ethereum value has taken some hits in the past few months as the coin has since significant losses in the price after the digital asset had hit its all-time high back in May. The price of ethereum had gone as high a $4,300, but the price has since crashed over 50% since then and now sits at less than $2,000 at the time of this writing.

    Notwithstanding, crypto analyst and trader Kaleo predicts that the price of ETH is set to grow immensely in the next 12 months. The crypto analyst looks through movements of ethereum from back in 2017 and predicts that based on this, the digital asset is poised to experience a parabolic rally in its price.

    Related Reading | As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary

    The long-term price prediction from Kaleo puts the digital asset price at over $10k, following a major altcoins season. The analyst’s prediction puts the price of ethereum at well over an 860% increase in the second half of the year 2021.

    Ethereum And Bitcoin Price Predictions For 2021

    Taking to his Twitter, which remains his primary method of communication, Kaleo gave a couple of predictions regarding the prices of the top two digital assets in the space.

    According to the crypto trader, the price of bitcoin was going to see another run-up that would put the digital asset in a six-figure discovery range. Joining the ranks of crypto analysts who have put the price of the number 1 crypto coin at $100,000 before the year runs out.

    Ethereum price chart from TradingView.com

    ETH price down over 50% since all-time high | Source: ETHUSD on TradingView.com

    In line with this, Kaleo put the price of ethereum at a whopping $10,000, not minding the current bearish sentiments that continue to rock the markets as digital assets have continuously lost value amid sell-offs from investors.

    The tweet further went on to predict more adoption from institutions and governments. While simultaneously calling out that there will be continuous FUDs from institutions and governments surrounding cryptocurrencies.

    Long-Term Predictions For 2022 To 2023

    Kaleo, who uses the handle @CryptoKaleo on Twitter, posted a follow-up tweet containing even more longer-term predictions for the top crypto coins. The tweet included price predictions for both bitcoin and ethereum, and predictions for major regulations to follow. But unlike the first predictions for the second half of 2021, these predictions were much more bearish, explaining that prices would crash in this time period.

    Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH

    Kaleo sees the price of ethereum falling over 90% after it hits its predicted $10,000 in the second half of 2021. Calling the price crash to be under $1,000 when this happens. Altcoins were also predicted to crash at this point, putting the general market at this point in a bear stretch.

    Featured image from Forbes, chart from TradingView.com



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