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Tuesday, June 11, 2024
HomeCryptoBitcoin Could Hit $100,000 Price Within Next 12 Months With News Ripple,...

Bitcoin Could Hit $100,000 Price Within Next 12 Months With News Ripple, Floki, OKX, Biconomy, Normie, Nexus Labs, Fireblocks

From ChatGPT-4o comment predicting that Bitcoin could reach a price of $100,000 within the next 12 months to Ripple launching a new fund to promote XRP Ledger in Japan and Korea. Here are some outstanding news in the crypto market.

Bitcoin News

ChatGPT’s latest and most advanced project, called ChatGPT-4o, analyzed available online information and made a forecast that Bitcoin could “achieve a price of $100,000 by the end of 2024 to 2025 ”.

“With the combination of past events, bullish technical indicators, supportive expert opinions, key market developments and positive sentiment, it can be predicted that Bitcoin will hit $100,000 within the next 12 to 18 months, especially as post-halving momentum and institutional investor inflows increase.”

Additionally, according to ChatGPT-4o, positive regulatory developments and “various predictions are consistent with this view,” also taking into account the fact that Bitcoin has “skyrocketed 661% since the halving event on May 2020 to reach an ATH of nearly $69,000 in November 2021.”

Currently, the largest asset in the crypto space by market capitalization is changing hands around $66,800, down 3.7% in the past 24 hours, however the price has increased almost 10% in the past month.

Meanwhile, according to Ki Young Ju, founder of analytics platform CryptoQuant, Bitcoin whales appear to be forecast of a rally in the asset’s price, after opening huge Long positions at $69,000, signaling a potential bullish sentiment.

More recently, trading expert Michaël van de Poppe comment that Bitcoin could test the $64,000 to $65,000 area “before the market reverses again following the upcoming Federal Open Market Committee (FOMC) meeting and the Consumer Price Index (CPI).”

Bitcoin Price Action Analysis | Source: Michaël van de Poppe

Ripple News

San Francisco-based blockchain company Ripple has tapped its capital to debut New fund aims to promote XRP Ledger in Japan and Korea.

The company has mined 1 billion XRP to support this new initiative. Ripple initially committed the said amount to various XRPL projects in April. According to Ripple CEO Emi Yoshikawa, the fund will attract tens of millions of dollars in investments and sponsorships from corporate partners and developers.

Yoshikawa believes that Japan and South Korea have emerged as “important” regional hubs for blockchain innovation.

Ripple has long been a major force in the Asia-Pacific (APAC) region. Ripple CEO Brad Garlinghouse has repeatedly praised Japan for its XRP-friendly regulations and even floated the idea of ​​moving the company’s global headquarters to Japan. In April, Ripple expanded its presence in the country by partnering with Tokyo-based HashKey DX.

Floki News

The decentralized flexible domain name system, Floki Name Service, is now official release Exclusively on BNB Chain mainnet.

The service is built on the SPACE ID infrastructure, allowing users to create unique .floki domains, helping to revolutionize on-chain identity.

Supported with seamless integration on major platforms such as Trust Wallet, SafePal, PancakeSwap, OKX Wallet, etc. Floki Name Service uses FLOKI as the main payment method to increase the use case of FLOKI token and strengthen its structure the core of the network.

Users will soon be able to use their .floki domains to deploy web blogs or even decentralized resumes, making the decentralized ecosystem more practical.

OKX News

Perhaps influenced by recent rumors of a security incident, OKX has seen significant outflows.

Data from Defillama shows that OKX saw outflows of $204 million in the past 24 hours and $630 million in the past 7 days, exceeding total outflows from other exchanges.

Meanwhile, Binance saw net inflows of $1.364 billion over the past 7 days.

Source: Defillama

Nexus Labs News

Zero-knowledge crypto company Nexus Labs has raised a $25 million Series A funding round led by investment funds Lightspeed and Pantera. The capital call is considered a move to expand the scale of the Nexus Labs project.

The development team announced in post on the official blog on June 10, said that the capital raising round also attracted famous names in the Web3 investment world such as Dragonfly, Faction and Blockchain Builders Fund.

Previously, Nexus Labs successfully raised $2 million in the seed round, led by Dragonfly investment fund at the end of 2022.

Fireblocks News

Infrastructure provider, Fireblocks, has expanded its service portfolio. Through its partnership with Coinbase, it now offers derivatives and trading products to institutions and retail investors.

According to Notification on June 10, the Fireblocks platform now supports trading of perpetual futures and spot contracts with Coinbase International Exchange. The solution is primarily aimed at institutional investors, including hedge funds, trading firms and family offices.

The company claims potential benefits for users include perpetual and spot trading under predefined policies and governance processes to minimize security risks and unauthorized trading.

Biconomy News

Web3 infrastructure company, Biconomy, is deploying artificial intelligence (AI) agents to perform on-chain transactions on behalf of users.

Biconomy co-founder Aniket Jindal explained that the Delegated Authorization Network (DAN) is “relatively new” and serves as an authentication layer that allows authorization of transaction activities to AI agents.

Authorization means that the agent can autonomously manage the trading account and perform transactions according to previous instructions. Once permissions are determined through the decentralized application (DApp), it can receive personalized, allocation and trading strategy inputs from users.

“Basically, DAN allows users to delegate certain tasks and transactions to AI agents, granting them the ability to act on the user’s behalf with predefined parameters,” Jindal explains. ”.

Normie News

The memecoin project, Normie, is based on Base, Coinbase’s native blockchain, declare that they fired their intern after he uploaded a controversial video to the official X account.

“After careful consideration and internal reflection, we have decided to remove the video,” the Normie team wrote. The intern who posted it was fired. We sincerely apologize to anyone offended by this content and pledge that this will not happen again.”

The promotional video, released on June 10, caused disgust in the crypto community.

Last month, Normie also encountered a smart contract exploit, in which hackers compromised 225 Ether ($881,686) of users, causing the token’s market capitalization to decrease by $41.7 million in less than three years. hour.

Viet Cuong

Bitcoin Magazine

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.


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