DeFI News by Thebittimes.Com

Summary: ⚈ Ethereum surged from $1,825 to $2,510 in just four days ⚈ AI predicts ETH could hit $2,850 by June 1, possibly reaching $3,000 ⚈ Pectra upgrade, whale activity, and market sentiment support bullish outlook A remarkable rally saw Ethereum (ETH) climb $700 in a matter of days, soaring from $1,825 on May 7 to $2,510 on May 11, 2025. The speed of the upsurge and correction that have taken hold in the cryptocurrency market in the last 24 hours has cast some doubt about whether ETH can retain its high price. ETH itself failed to hold its May 12 intraday highs above $2,562 and retraced to its press time value of $2,490 for a total loss of 2.35% in the last 24 hours. ETH one-day price chart. Source: Finbold Fortunately for the bulls, ChatGPT 4o sees more upside for Ethereum through the end of May. ChatGPT sets ETH price target for June 1, 2025 According to the AI, Ethereum’s price is dominated by a string of bullish factors. These include the token...

The cryptocurrency market continues to attract investors with its dynamic growth and evolving opportunities. In this context, Finbold selected two cryptocurrencies with the potential to reach a $50 billion market cap in Q1 2025. This happens despite Bitcoin (BTC) facing a slight pullback, finding strong support around the $90,000 level, a critical threshold for market sentiment.  However, the broader market reflected its unpredictable nature, with the global cryptocurrency market cap declining 1.8% over the last 24 hours to $3.43 trillion. Despite this short-term pullback, the market has shown consistent strength, building momentum across digital assets. Picks for you AI predicts Sui Network (SUI) price for 2025 2 hours ago U.S. govern...

XRP’s price has skyrocketed in recent days, fueled by speculation of a favorable resolution to Ripple’s ongoing legal battle with the SEC following the resignation announcement of Gary Gensler, the SEC Chairman.  Ripple’s fight with the SEC over the classification of XRP as a security has weighed on the token’s price for years. Gensler’s exit could pave the way for a less aggressive regulatory stance, boosting investor confidence. On January 20, 2025 I will be stepping down as @SECGov Chair. A thread ️ — Gary Gensler (@GaryGensler) November 21, 2024 Trading at $1.40, XRP is up 23.79% in the last 24 hours, 72.31% over the week, and a staggering 164.60% over the past month. With its market cap surging from $29 billion to $79 billion in just 30 days, XRP’s rally has reignited conversations about its potential to breach the $2 mark. Picks for you ...

The Sei price soared 23% in the last 24 hours to trade at $0.4645 as of 03:55 a.m. EST on trading volume that skyrocketed 239% to $579 million. The pump made SEI the top gainer among the biggest cryptos by market capitalization, according to CoinMarketCap. Sei Price Could Continue Soaring The Sei price has experienced significant pressure from the bulls and bears since August, as it formed a double bottom pattern, with the bulls struggling to push the price of Sei above the $0.32 resistance, according to data from GeckoTerminal . SEI has finally soared above the resistance, with the token now on a sustained bullish stance. The price of Sei eventually crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the asset’s current bullish outlook. Moreover, the Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 82, indicating that the asset is under intense buying pressure, with the asset being overvalued. Meanw...

Toncoin (TON) has avoided a big price drop, and nobody expected it. This has sparked a new level of interest from crypto investors. The coin, which linked to Telegram, has shown strength in a very demanding and risky market. Analysts now predict it could reach $7 if it successfully breaks the $6.04 barrier. Also Read: Shiba Inu Member Explains How SHIB Can Reach $0.01 TON Defies Drop: Toncoin Price Prediction and Potential to Skyrocket Source – Asia Crypto Technical Indicators Signal Bullish Momentum Source: TradingView Recent market Analysis reveals promising signs for Toncoin’s future performance. The Moving Average Convergence Divergence (MACD) indicator is showing a double-bottom bearish divergence, often interpreted as a precursor to a price uptick. This technical formation is being closely watched by traders, and the WatcherGuru team as well. Scroll down to learn more! The MACD suggests less downward pressure. A bullish crossover may be coming. This could help Toncoin...