Today's Newsletter content 📃

Bitcoin Hits $99K, Eyes the $100K Milestone

Bitcoin reached an all-time high of $97,000, just 1% shy of the iconic $100K mark. The crypto market cap surged to $3.17 trillion, fueled by optimism over Trump’s pro-crypto policies and speculation about a White House crypto role. Over $115M in liquidations, mostly shorts, highlight growing bullish confidence as BTC gained 45% in 30 days. Bitcoin ETFs like BlackRock’s IBIT also made waves, clocking $4B in trading volume on Nasdaq. With strong momentum and increased institutional adoption, BTC continues its march toward six-figure territory.

Viral TikTok Meme Coin CHILLGUY Hits $500M Market Cap

CHILLGUY, a Solana meme coin inspired by a viral TikTok character, skyrocketed from a $10M to $500M market cap in just days. Early traders turned small investments into millions, with one cashing out over $1M. The coin’s TikTok-fueled rise highlights a new wave of crypto adoption, with Solana seeing record transactions via MoonPay. Despite the coin’s success, the artist behind the character disapproves, as tribute NFTs and derivative tokens flood the market. CHILLGUY’s viral appeal underscores the growing influence of Gen Z in crypto trading.

Justin Sun Buys $6.2M Banana Artwork

Tron founder Justin Sun purchased Maurizio Cattelan’s “Comedian”—a banana duct-taped to a wall—for $6.2M, calling it a “cultural phenomenon.” The artwork may join Sun’s NFT ventures on Tron’s APENFT ecosystem. Known for integrating traditional art into digital platforms, Sun plans to create a bridge between art, memes, and crypto. The banana art could symbolize Tron’s push to dominate the NFT space, leveraging its TRC-721 standard and APENFT virtual museum in the metaverse.

Gen Z Creator’s Meme Token QUANT Sparks Frenzy

A 13-year-old launched QUANT, a meme token, and rug-pulled $30K during a livestream. Angry traders retaliated by doxxing his family and pumping the token, skyrocketing its valuation to $56M at its peak. The unexpected revenge rally turned QUANT into a trading hotspot with $1.5M in liquidity. Additional tokens like LUCY and SORRY, also created and rug-pulled by the developer, gained attention but with smaller market activity. The incident highlights the unpredictable nature of meme tokens, where hype and liquidity can transform stunts into viral phenomena in the crypto world.

MicroStrategy's Bitcoin Frenzy: $4.6B Spree in a Week

MicroStrategy has acquired 51,780 Bitcoin in a single week, spending $4.6 billion and pushing its total holdings to 331,200 BTC, valued at over $29 billion. The company funds its purchases through stock sales and convertible debt, with plans to raise $42 billion over three years. MSTR stock, closely tied to Bitcoin’s movements, rose 8.48% after the latest acquisition. However, with an EPS of -$2.49 and a heavy reliance on Bitcoin’s future value, MicroStrategy’s strategy remains high-risk, high-reward under Michael Saylor’s relentless Bitcoin bet.

Logan Paul Faces New Crypto Scandal Allegations

A BBC investigation has accused Logan Paul of misleading investors by promoting risky tokens like Elongate and Dink Doink, causing price spikes and enabling large-scale sell-offs. Allegedly linked to anonymous wallets, Paul is said to have profited from these trades. He is also facing a multi-million-dollar lawsuit over his failed NFT project, CryptoZoo, accused of a stealth launch and insider trading. While denying wrongdoing, Paul announced partial refunds for CryptoZoo investors. The SEC’s rules on celebrity crypto endorsements could add further scrutiny to his actions.

Ethereum Price Prediction 2024-2030: Will ETH Reach $5,000?

Current Stats:
Price: $3372.83
Market Cap: $406.57B
All-Time High: $4,891.70 (Nov 2021)

Technical Analysis
On the 1-day chart, the price is near the midline of the Bollinger Bands ($2,90\69), with RSI at 58.86, indicating weakening bullish momentum. Resistance lies at $3,545, while support is near $2,909. The 4-hour chart shows bearish momentum, as the Balance of Power at -0.47 and a MACD bearish crossover highlight selling pressure. A break below $3,100 could push ETH toward $2,909, while sustained buying above this level may signal a retest of $3,200 resistance, suggesting short-term consolidation.

2024-2030 Predictions

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