Category: Cryptocurrency News

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A self-acclaimed VeChain (VET) insider has made a bold claim about the token’s price. The insider suggested that VET’s tepid price action is a strategic ploy by the team, and the token will eventually make a parabolic rise when the time comes.  VeChain Will “Reach The Finish Line” The self-claimed insider known as ‘VeChain Whale’ admitted in an X (formerly Twitter) post that VET’s price is slow but added that the token will “reach the finish line.” He made this statement while comparing VET to a “snail” in terms of price action.  Related Reading: Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months VeChain Whale further revealed that the team could “pump the token” if they wanted but haven’t because of fear of “regulation and other factors.” The claim about regulation looks to be related to the Securities and Exchange Commission (SEC) and the fear that the network could face regulatory scrutiny from the Commission.    The VeChain “insider” also claimed that the team wasn’t worried about VET’s price because they were aware that “90% of tokens will vanish” after the bull run, but VeChain would still be around. That is why they are choosing to play the “snail game,” unlike the other tokens that “do whatever to gain attractions and move up in the ranking at all cost.” VeChain Whale added.  As expected, VeChain Whale’s post attracted criticism from crypto community members who questioned when he became a VeChain insider. In response, VeChain Whale stated that he needed to prove the doubters wrong and suggested that a major announcement was coming in June, which would make those doubting him now offer an apology when the time came.  VET’s Price Set To “Explode” In a subsequent X post, he mentioned that the team would make many announcements in the next two months, which would cause VET’s price to “explode.” He further assured VET holders that they can expect to see a 10x increase in the token’s price by June.  Related Reading: Skybridge CEO Says Bitcoin Can Reach Half Of Gold Market, How Much Will BTC Be? Meanwhile, crypto analyst Egrag Crypto previously provided some insights into how high VET’s price could rise when the time comes, mentioning that the crypto token could see a 140x increase in its price. However, Egrag failed to say when precisely this parabolic price surge will happen.  Crypto analyst and YouTuber Crypto ZX also once predicted that VET was primed to enjoy significant price increases and further stated that the crypto token could hit new all-time highs (ATHs) if it succeeded in breaking certain resistance levels.  At the time of writing, VET is trading at around $0.0455, up over 7% in the last 24 hours according to data from CoinMarketCap.  VET Price at $0.04 | Source: VETUSDT on Tradingview.com Featured image from Investing.com, chart from Tradingview.com

According to Shahaf Bar-Geffen, CEO of the privacy-centric Layer 2 network COTI, enterprises and mainstream organizations are not yet fully convinced of the benefits of complete privacy or true anonymity in any system. Bar-Geffen said the primary reason for this is that such systems often get exploited by individuals with dishonest intentions. Regulators’ Perceptions of […]

PRESS RELEASE. Dubai, UAE – April 9th, 2024 – META-X, a Web3 competitive game specific publisher and developer is thrilled to announce the release of “Dark Machine,” a AAA team-based dark mech third-person shooter (TPS) backed by a strong team of Japan’s gaming industry veterans. Dark Machine is a mech themed max 7V7 arena shooter […]

Filecoin (FIL), a decentralized data storage network, has experienced a recent surge in value, grabbing the attention of cryptocurrency analysts. The price increase, coupled with bullish analyst predictions, has ignited optimism for FIL’s future. Related Reading: Don’t Miss The Boat! Ethereum Whales Signal Bullish Run With $40 Million Bet At the time of writing, FIL was trading at $8.99, down 0.8% in the last 24 hours, but managed to sustain a 1.6% increase in the last seven days, data from Coingecko shows. Source: Coingecko Filecoin Price Poised For A Rally? Technical analysis plays a crucial role in predicting cryptocurrency prices. Analysts like “World Of Charts” emphasize the importance of retesting key support levels. A successful retest, they argue, could pave the way for a significant bullish wave, with estimates ranging from 200% to 250% price increase for FIL. $Fil#Fil Testing Key Support (Accumulation Zone) Real Move Can Start After Successful Retest Expecting 200-250% Bullish Wave Incase Of Successful Retest #Crypto pic.twitter.com/3n0BpklAxh — World Of Charts (@WorldOfCharts1) April 7, 2024 In 2023, Filecoin experienced its peak performance, with FIL prices surging by 130% from $3.00 to $6.85. Conversely, 2022 marked its lowest point, witnessing a drastic drop of 90% from $34.20 to $3.05. Over the past five years, Filecoin has maintained an average yearly growth rate of 4.05%. Typically, Filecoin tends to shine brightest in the first quarter, boasting an average gain of 190%, while its performance tends to falter in the second quarter, often resulting in a loss of 58%. FIL market cap currently at $4.7 billion. Chart: TradingView.com Analyst Shares His Views This sentiment of World of Charts is echoed by other market observers. “Captain Faibik,” another analyst, encourages investors to capitalize on price dips, expressing confidence in FIL’s future appreciation. Such endorsements can significantly influence investor sentiment and contribute to the overall market dynamics for FIL. $FIL #Filecoin Buy the dip Now, you’ll thank me later. 🔜🚀 pic.twitter.com/9HLyZzteRu — Captain Faibik (@CryptoFaibik) April 7, 2024 Will Filecoin Reach $20? Meanwhile, analysis of Filecoin’s (FIL) potential ascent to $20 demands a comprehensive examination given its current dynamics. Despite FIL showcasing strengths like a 65% price surge over the past year and consistent trading above the 200-day simple moving average, several factors could hinder such a substantial climb. Related Reading: PEPE In Peril? Dwindling Exchange Supply Raises Price Jitters Although FIL has seen 15 green days in the last month, indicating short-term bullish sentiment, it has been outpaced by 60% of the top 100 crypto assets, including leading ones like Bitcoin and Ethereum. Additionally, FIL remains -96% down from its all-time high, indicating a significant historical price decline. Moreover, FIL faces challenges due to its high yearly inflation rate of 28.81%, despite its strong liquidity demonstrated by its market capitalization. Thus, while the $20 target for FIL isn’t out of reach, attaining it would likely necessitate a sustained positive market sentiment, improved performance relative to other assets, and effective management of inflationary pressures. Featured image from Pixabay, chart from TradingView

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The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a $3 million […]