Latest news with #JavonMarks
Yahoo
7 days ago
- Business
- Yahoo
Ethereum Classic Price Prediction - What could affect ETC''s future price?
Ethereum Classic's price faces mixed signals from technicals and network upgrades, with bullish catalysts like EIP-1559 adoption and bearish risks from miner dynamics. Neutral in the short term, bullish long term. - Olympia Upgrade (May 2025) introduced fee burning and DAO governance, adding deflationary pressure. - Technical breakout above $19.65 support could signal a bullish trend reversal. - Mining shifts post-Ethereum's PoS transition strengthen ETC's security but hinge on profitability. The Olympia Upgrade (May 2025) introduced EIP-1559, burning a portion of transaction fees to reduce ETC's supply growth. Combined with the launch of a decentralized treasury and governance DAO, this aims to attract developers and stabilize long-term funding. Historical parallels (e.g., Ethereum's EIP-1559 in 2021) suggest such upgrades can boost sentiment, though short-term price reactions may lag adoption. ETC's position as the largest PoW smart contracts blockchain post-Ethereum's Merge (2022) attracts miners, but competition from Bitcoin, Dogecoin, and Litecoin pressures its hash rate dominance. The recent altcoin season (May 2025) driven by Ethereum's rally has lifted ETC's monthly gains to 23.84%, though Bitcoin's 63.7% market dominance still limits upside. Key levels: Immediate support at $16.76 (78.6% Fibonacci retracement), resistance at $19.70 (23.6%). Indicators: RSI at 41.84 (neutral), MACD histogram negative but narrowing, suggesting weakening bearish momentum. Bull case: A sustained break above the 50-day SMA ($17.47) could retest $24–$28, aligning with analysts' 510% surge targets. ETC's price hinges on the Olympia Upgrade's adoption, Bitcoin's market dominance trends, and mining economics. While technicals hint at consolidation, network upgrades and deflationary mechanics could drive long-term revaluation. Will ETC's emphasis on immutability outweigh scalability concerns in a PoS-dominated market? Ethereum Classic (ETC) is drawing mixed but cautiously optimistic sentiment, with bullish technical forecasts and network upgrades offset by concerns over miner centralization and ETF outflows. - Bullish momentum from May's Olympia Upgrade (EIP-1559, DAO governance) and a technical breakout targeting $127.65. - Miner interest surges post-Ethereum's Merge, but profitability challenges persist. - ETF outflows ($12M from Grayscale's ETHE) signal institutional caution despite retail enthusiasm. The community is divided:- Optimists highlight ETC's May 2025 Olympia Upgrade, which introduced fee burning (deflationary pressure) and decentralized governance via a DAO. Technical analysts like Javon Marks point to a multi-year breakout pattern with a $127.65 target (+510%), supported by the 150-day EMA holding at $19.65 as new support.- Skeptics note overbought RSI/MACD signals and a Fear & Greed Index at 70 (extreme greed), suggesting short-term correction risks. Grayscale's ETHE trust saw $12M outflows on May 1, reflecting institutional hesitancy. Proof-of-Work Revival: ETC has absorbed Ethereum's former miners post-Merge, but rising network difficulty and energy costs threaten small-scale operations. Altcoin Season Linkage: Ethereum's May rally boosted ETC (+23% monthly), though Bitcoin dominance (63.7%) limits sustained altcoin momentum. Regulatory Risks: As a PoW chain, ETC faces scrutiny over energy use, contrasting with Ethereum's staking-driven model. Twitter/X: Traders focus on the $19.50–$19.65 support zone and $24–$28 near-term targets. Telegram/Discord: Developers debate DAO governance efficacy and treasury fund allocation transparency. Reddit: Retail investors question long-term viability against Ethereum's ecosystem dominance. ETC's narrative hinges on balancing technical upgrades with macroeconomic and miner dynamics. While the Olympia DAO and deflationary mechanics attract builders, Bitcoin's market dominance and regulatory headwinds for PoW chains pose hurdles. What catalyst could shift ETC from a "miner's hedge" to a sustainable smart-contract platform? To get the latest update on BONK, visit our Ethereum Classic currency page. Content created: 02 June 2025Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
24-04-2025
- Business
- Business Mayor
Crypto Analyst Predicts Dogecoin Will Hit $1.25 In 2025, Here's Why
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin is back trading above $0.18, climbing higher after rebounding off a recent higher low. The recovery comes on the back of a new wave of optimism in the cryptocurrency market over the past 24 hours, starting with Bitcoin crossing above $90,000 within this timeframe. According to a prediction from crypto analyst Javon Marks, Dogecoin has the potential to reach $1.25+ in 2025 due to a strengthening bullish narrative on the 5-day candlestick timeframe chart. Javon Marks Revises Dogecoin Target To $1.25 Following Fresh Breakout Signals Crypto analyst Javon Marks, in an update to his ongoing Dogecoin thread on X, stated that the current trend continuation could now push beyond his previously established target of $0.6533. His outlook is based on the meme coin's price action on the 5-day candlestick timeframe chart and cuts across movements over a multi-year timeframe. According to Marks, a push to $0.6533 is still in play for Dogecoin and may serve as a checkpoint on the way to a significantly higher price level. Drawing from Dogecoin's historical performance, Marks noted that the last time Dogecoin broke out from a higher low base, which occurred in August 2024, it went on to rally by more than 500%. A similar pattern is currently unfolding. The chart posted by Marks shows Dogecoin maintaining its bullish market structure on the larger timeframe despite the price downtrend since December 2024. This downtrend saw the DOGE price fall from $0.48 until it bottomed at $0.1316 on April 7. Notably, the ensuing price action after this price low has seen Dogecoin create two bullish candlesticks on the 5-day timeframe. This, in turn, has confirmed $0.1316 as a higher low on the larger timeframe, with the next move likely to be a bounce to a new higher high similar to previous playouts. Javon Marks noted that with the bounce already showing strength, the path to $0.6533 is increasingly likely. The projected move to $0.6533 would represent a 279% increase from current levels. However, the analyst also outlined a secondary target at $1.25, which he noted is within reach if the bullish formation plays out fully. Can DOGE Realistically Reach $1.25 In 2025? Dogecoin started the year on a strong note, with many enthusiasts anticipating a push above $1 before the end of the year. However, the way its price movement has played out has seen its price now stuck under $0.2, and places this level as the immediate target to close above. Breaking above Javon Marks' target of $0.6533 and subsequently $1.5 would see Dogecoin trading at new all-time highs. According to crypto exchange Changelly, DOGE has the potential to reach a maximum price of $0.3 in 2025 based on the current buying momentum. Consequently, reaching $1.25 will depend on several factors in the wider crypto market, most notably a wave of buying interest and Bitcoin's price performance. At the time of writing, Dogecoin is trading at $0.1828, up by 11.65% in the past 24 hours. Featured image from iStock, chart from
Yahoo
28-03-2025
- Business
- Yahoo
Shiba Inu burn rate explodes over 57,000% as whale burns 2 billion tokens
The Shiba Inu (SHIB) burn rate skyrocketed around 57,069.02% over the last 24 hours, with more than 1 billion SHIB permanently removed from circulation in a single transaction, as per Shibburn In a single transaction, more than 1 billion Shiba Inu was permanently removed from circulation through burn, and just days after the same whale burned, an additional 1 billion SHIB was burned in less than three days. Lucie, part of Shiba Inu's marketing team, also confirmed that the address burned 700 BONE and LEASH tokens, expressing a deep commitment to SHIB's deflationary future. She said, "There was another 1B SHIB burn. The address was totally the same, and 2B SHIB burned in a 3-day frame. What caught my attention? The same address also burned 700 BONE and LEASH—unstacked from ShibaSwap." In correlation with this thesis, IntoTheBlock data revealed that SHIB's large transaction count—accounting for transactions worth $100k or more—surged in one day from 65 to 164, a +152% daily increase, hitting its 7-day peak on March 26. Four days earlier, on March 23, the 7-day low was 23. This explosion in whale activity coincides with a 51.8% increase in daily active addresses, which indicates an increase in demand. Data from Shibariumscan confirms that the network now processes 3.8 million daily transactions, a clear sign of continued on-chain activity. Shiba Inu, which has a market cap of $8.38 billion, announced SHIB Pay on March 25. SHIB Pay is a new crypto payment layer for merchants that features fast settlements with zero intermediaries and worldwide coverage. In the next phase, Shib Finance is set to introduce reputation-based lending. It will also provide undercollateralized loans and private DeFi tools as part of the ecosystem developments it offers, pushing the ecosystem toward trust-based inclusive finance. With all the technical prowess on its way, on March 16, analyst Javon Marks said that Siba Inu could explode +500% towards $0.000081. After the burn, Shiba Inu could not break past the resistance level and is trading at $0.00001424, down by over 6%, as per Kraken's price feed.
