#Ethereum Price To Plunge in Coming Weeks - BitMEX Founder Arthur Hayes
As per Arthur Hayes, Ethereum (#ETH) is primed for a corrective move in the coming weeks.
If The Merge Event is unsuccessful, Ethereum could witness a sharp decrease in #price, as per Hayes's recent blog post.
Hayes advised traders should either go short or choose not to own ETH if the #Merge Event is unsuccessful.
However, Hayes doesn't expect #Ethereum to drop lower than the $800-$1,000 rang
As per Arthur Hayes, Ethereum (#ETH) is primed for a corrective move in the coming weeks.
If The Merge Event is unsuccessful, Ethereum could witness a sharp decrease in #price, as per Hayes's recent blog post.
Hayes advised traders should either go short or choose not to own ETH if the #Merge Event is unsuccessful.
However, Hayes doesn't expect #Ethereum to drop lower than the $800-$1,000 rang
Img Source: @Coinmarketcap
Massive #PEPE Coin Sell-off! Price Plummets 22%!
🔴#PEPE Coin, a #memecoin launched earlier this year, sees strong network activity and developer team selling in large amounts.
🔴Recent data shows the PEPE team moved around 16 trillion tokens (worth about $15.08 million) to four cryptocurrency exchanges, leading to a 15% price drop.
🔴The PEPE #wallet configuration changed from 5/8 to 2/8, transferring about 6.9% of tokens (29 trillion) to exchanges.
🔴Concerns arise about potential rug-pull events, though some analysts believe the token's community ownership minimizes this risk.
🔴PEPE Coin's #price drops by 22% to $0.0000008734 due to recent developments. (Price at the time of Writing)
🟢Despite the price decline, the token's holder count approaches 140,000, indicating continued retail investor interest.
Massive #PEPE Coin Sell-off! Price Plummets 22%!
🔴#PEPE Coin, a #memecoin launched earlier this year, sees strong network activity and developer team selling in large amounts.
🔴Recent data shows the PEPE team moved around 16 trillion tokens (worth about $15.08 million) to four cryptocurrency exchanges, leading to a 15% price drop.
🔴The PEPE #wallet configuration changed from 5/8 to 2/8, transferring about 6.9% of tokens (29 trillion) to exchanges.
🔴Concerns arise about potential rug-pull events, though some analysts believe the token's community ownership minimizes this risk.
🔴PEPE Coin's #price drops by 22% to $0.0000008734 due to recent developments. (Price at the time of Writing)
🟢Despite the price decline, the token's holder count approaches 140,000, indicating continued retail investor interest.
Bitcoin price predictions for 2024 from various financial experts.
Optimistic forecasts come from Tim Drapper at $250,000 and Cathie Wood at a striking $1,000,000, suggesting a strong belief in Bitcoin's potential.
More conservative estimates from J.P.Morgan and Arthur Hayes hover around $45,000 to $70,000, indicating caution amidst the currency's notorious volatility.
These divergent views highlight the speculative nature of cryptocurrency markets.
#Bitcoin #BTC #Price #Prediction #Coinpedia #Cryptocurrency
Optimistic forecasts come from Tim Drapper at $250,000 and Cathie Wood at a striking $1,000,000, suggesting a strong belief in Bitcoin's potential.
More conservative estimates from J.P.Morgan and Arthur Hayes hover around $45,000 to $70,000, indicating caution amidst the currency's notorious volatility.
These divergent views highlight the speculative nature of cryptocurrency markets.
#Bitcoin #BTC #Price #Prediction #Coinpedia #Cryptocurrency