Watch This If You Hold BTC & ETH!! Crypto Price Report!
Published: 2024-05-08
Status:
Available
|
Analyzed
Published: 2024-05-08
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin's position between 0.5 and 1 in Q1, normally concerning, could be cemented by halving and ETF inflows.
"the report notes that btc's q1 position sits between 0.5 and 1 floating around the belief denial Zone normally this would be concerning but the authors note that catalysts such as the harving and the spot ETF inflows could cement bitcoin's position"
Pending
Bitcoin is in a healthy position with non-extreme profit-taking incentives, suggesting room for further growth.
"the authors add that they believe BTC is still in a healthy position because quote the incentives to take profit here are not extreme this can be clearly seen on the chart provided which suggests we could still have plenty of room to run"
Pending
According to the stock-to-flow model, Bitcoin has been undervalued since 2022, with an expected price of $117,000.
"the authors comment that the stock to flow model is becoming less relevant due to btc's decreasing inflation rate nevertheless BTC has been considered undervalued since 2022 according to this model with an expected BTC price of $117,000"
Pending
Bitcoin hitting an all-time high before the halving is unusual, suggesting investors believe it's overvalued.
"the authors state that BTC hitting an all-time high preh aring is unusual and as such investors likely believe BTC to be heavily overvalued"
Pending
Bitcoin's active addresses surpassed 1 million in Q3 of the previous year, a level not seen since June 2021.
"the report notes that by the end of Q3 last year the number of active addresses had surpassed the 1 million Mark for the first time since June 2021"
Pending
The momentum of new Bitcoin addresses is being monitored using 30-day and 365-day SMAs to gauge on-chain activity.
"this points to the runes protocol we recently covered which I'll remind you can be found below anywh who the next metric observes the momentum of new addresses by measuring the 30-day SMA against the 365-day SMA to gauge onchain activity"
Pending
Addresses holding over $1,000 in Bitcoin have grown by 20% since the start of 2024, reaching an all-time high in March.
"the authors note that the number of these smaller addresses has grown by 20% reaching an all-time high in March of almost 10.7 million addresses"
Pending
Small changes to Bitcoin's supply can significantly impact price if demand remains constant or increases, especially given growing demand.
"the slightest of changes to btc's supply will have a significant impact on price assuming of course that demand stays the same or increases being as it's quite clear that demand for BTC is ever growing it's fair to say that mining rewards really do make a difference"
Pending
Ethereum's price has been in an uptrend since forming a golden cross in November 2023.
"they state that the price of eth has been in an uptrend since it formed a golden cross in November 2023 a month after BTC"
Pending
Ethereum has not yet reached its previous all-time high, which is considered a bullish signal.
"translation eth hasn't hit its previous Al time high yet so this is bullish"
Pending
The halving and spot ETF inflows are identified as catalysts that could strengthen Bitcoin's position.
"the authors note that catalysts such as the harving and the spot ETF inflows could cement bitcoin's position"
Pending
Investors are speculated to be holding Ethereum until it reaches a new all-time high.
"the authors also speculate that investors are hodling until eth hits a new alltime high"
Pending
The Pi Cycle Top indicator suggests Ethereum is not yet at its cycle top, supporting the theory of a run to new all-time highs.
"the report explains that this metric signals that we don't seem to be hitting the cycle top just yet which suggests that the earlier theory of a run to new all-time highs could have some Merit after all"
Pending
Ethereum saw a 39% growth in new addresses, 25% in active addresses, and a 12% increase in monthly transactions in Q1.
"the number of new addresses grew by 39% in q1 while the active address count Rose by 25% with a 12% climb in monthly transactions"
Pending
Ethereum Layer 2 transactions have increased by over 74% since the Dencun upgrade.
"transactions on layer 2os have soared by more than 74% since Denon"
Pending
Ethereum Layer 2s are paying 80% less in fees (down from 500 ETH/day to 100 ETH/day) despite processing more transactions after Dencun.
"layer tws are paying significantly Less in fees despite processing far more transactions notably the authors explained that layer 2s were typically paying 500 eth a day to submit transactions before the upgrade but are now paying just 100 e"
Pending
Ethereum's supply has decreased post-Merge, making it a deflationary asset.
"since the merge eth supply has decreased over the Long Haul making eth a deflationary asset"
Pending
Q1 saw a significant contribution to Ethereum's burn rate, reaching 14,000 ETH daily in early March.
"the report notes that q1 contributed significantly to this burn with a daily burn rate of 14,000 eth in early March"
Pending
Ethereum is projected to have a more bullish future than Bitcoin due to increased deflation, successful upgrades, and the potential for new all-time highs.
"the first is that ethereum appears to have a much more bullish future than Bitcoin with increased deflation a string of successful upgrades and an all-time high firmly in the scope of investors there does seem to be a lot more room to run"
Pending
Combining demand with Ethereum's deflationary nature could lead to significant gains.
"combine that Demand with eth's deflation and you could well be onto a winner"
Pending