Author: Monicah W

Presto executive Peter Chung has reaffirmed the bullish stance of his company on Bitcoin price. Chung, in a recent CNBC interview, said that they did not alter their market view.

The price forecast comes as Chung referred to as a “healthy correction” in the crypto market. He suggested that the recent pullback has “paved the way for the further rewriting of Bitcoin as a mainstream asset.” His indication is that the temporary setback could strengthen Bitcoin’s positioning in the financial ecosystem.

Peter Chung maintains his Bitcoin price target

Chung maintained a Bitcoin price target of $210,000 for 2025 despite recent market volatility. “So Bitcoin target price remains $210,000 and driven by institutional adoption and global liquidity expansion,” Chung stated in the interview.

He offered insights into Bitcoin’s market behavior and described it as having “two faces.” These are functioning as both digital gold and a risk-on asset depending on market conditions. Chung clarified that Bitcoin generally acts as a risk-on asset under regular market times. This is because its value is sourced from “user adoption and network effect, very much like an internet company.”

But Chung noted that Bitcoin displays gold-like characteristics under certain crisis situations, especially “when the market has concerns regarding the stability of the US dollar-dominated financial system.” He cited several historical examples where this pattern emerged. This includes the Russian invasion of Ukraine in early 2022, the Silicon Valley Bank collapse in early 2023, and most recently, in the aftermath of the “Liberation Day” tariff announcements.

“It was during a crisis that the Bitcoin behaves like gold because it’s designed after the physical gold in terms of digital scarcity and so forth,” Chung stated. This dual nature helps explain Bitcoin’s recent price action during April’s market volatility, according to Chung. “Bitcoin is just doing what it does, which is sometimes it acts like a risk-on asset most of the time. But during the crisis, it acts like gold. And that’s what we saw in the month of April.”

Chung views the market correction as healthy

While acknowledging that macro events haven’t happened as anticipated, Chung mentioned the recent market pullback as ultimately beneficial for Bitcoin’s long-term prospects. “In hindsight, I think it was actually a healthy correction, which have paved the way for the further rewriting of the Bitcoin as a mainstream asset,” he stated during the interview.

This perspective suggests that Presto’s analysis views temporary price declines as opportunities for market participants to reassess Bitcoin’s fundamental value proposition and role within investment portfolios. Chung mentioned that his team has been focused on deciding whether the recent volatility revealed any structural issues in crypto markets.

The comments from Chung come as MicroStrategy has bagged 15,355 Bitcoin for $1.42 billion. These acquisitions from large firms can help drive the price of Bitcoin higher in the long term.

As per the latest data, the Bitcoin price is trading at $93,000 at press time.

The post Presto Exec Peter Chung Reveals Bitcoin Price Target For 2025 appeared first on CoinGape.

The post Start Exploring Pigdom With A Surprise From The King Pig-The $KOPS ICO Is Fast Approaching appeared first on Coinpedia Fintech News

The memecoin market is always chaotic and holds lots of hidden surprises. Yet, many traders gain, and many traders lose. The FUD and FOMO are the best allies for a memecoin trader. All those ebbs and flows are opportunities to capitalize and proliferate the investment portfolio. 

In the year 2025, the market is about to witness a new dawn in the memecoin realm. The King of Pigs ($KOPS) is set to kick-start its rally, and it is fast approaching the market to thrill the crypto community. Let us understand the main motive behind the $KOPS team.

Ever since the launch of the first meme coin, DOGE, this sector has been known for the stunts it creates and the humour it brings. The PNUT, TRUMP, MELANIA, WEPE, and so many have created a quick hype, but failed to retain the momentum. A meme token that lasts till eternity has only been in the imagination. To make this happen, a development team came up with a creative idea to launch the $KOPS. This mere memecoin is not just here for cracking jokes, but to crush the hunger of many pigs around the world.

Key Features of The King of Pigs

The Kingdom of this King Pig is called the Pigdom, and it comes with an array of exciting features to entertain as well as reward the community. Here are a few elements to explore.

NFT Market Place: The Pigdom is the right destination for those who have a hobby of collecting digital collectibles. It offers rare collectibles narrating the story about the legacy of the King Pig through rewards.

Piggy Palace: Apart from spreading humour, this meme coin offers a secure way of investment in the current volatile economy. The Piggy Palace is where traders can stake and earn “Truffles” for rewards. This way, $KOPS helps its community to diversify their portfolio and offer a better ROI.

Charity: The team behind $KOPS has a real motive to build the Pigdom. They have initiated a charity to help the starving pigs around the world and ensure their safety.

Community & Governance: Decentralization is what makes an ecosystem trustable, and that is the vision of Satoshi as well. The Community & Governance set up of the Pigdom would allow $KOPS holders to make key decisions and let them shape it.

Contest & Giveaways: The King of Pigs was developed to offer real utility and to be generous. The team would conduct regular contests to boost the adrenaline of the meme traders, and it also promises rewards.

How to Join the $KOPS Army?

It’s simple to join the army of the King Pigs. All you need to do is to acquire the $KOPS token. The team has announced that the ICO is about to commence with a bang. It is an exclusive opportunity for anyone to enter the pigdom and enjoy the benefits of being an early participant. 

Follow the instructions of King Pig and gain the token – Visit here

To Wrap Up

The memecoin market bubbled, and its total market capitalization reached a peak of $127 billion during December 2024. But this didn’t last long. It began to fall after its peak. As of the data recorded on CoinMarketCap on April 20, 2025, the overall memecoin market capitalization reached $46 billion with a trading volume of $4.4 billion.

Amidst this scenario, the development team has taken a bold initiative to build the Pigdom, with a trust in the meme coin community. The  King of Pigs has stepped into the world to give a boost to the meme coin market and save the pigs around the world. Participating in the initiatives of the pigdom could be your chance to earn 1000x profits and a way to secure your investments.

Website | Twitter | Telegram

The post Start Exploring Pigdom With A Surprise From The King Pig-The $KOPS ICO Is Fast Approaching appeared first on Coinpedia Fintech News
The memecoin market is always chaotic and holds lots of hidden surprises. Yet, many traders gain, and many traders lose. The FUD and FOMO are the best allies for a memecoin trader. All those ebbs and flows are opportunities to capitalize and proliferate the investment portfolio.  In the year 2025, the market is about to …

Stablecoin giant Tether has once again sent shockwaves across the crypto market by minting a staggering 1 billion USDT on the Tron network. This mover by the entity primarily aims to boost up liquidity and provide funds for future developments on one of the most renowned blockchains across the globe.

Tether Moves 1B USDT To Tron Network

Lookonchain’s X post on April 28 revealed that Tether minted 1 billion USDT on Tron. With this massive mint in play, the stablecoin giant marks the completion of 12 billion coins minted since January 29 to date on the same network.

As of now, the leading stablecoin’s total supply on the network has reached $71.7 billion worth of tokens. Justin Sun’s blockchain has emerged as a hotspot for USDT transactions, mainly as it offers lower transaction fees and quicker transaction times as compared to its rivals.

As a result, stablecoin giant Tether continues cementing its foothold network-wide, bringing a fresh inflow of funds. Intriguingly, historical data shows that the stablecoin giant’s minting activities have primarily followed Bitcoin price rallies.

BTC price has rallied nearly 10% in the last seven days, exchanging hands at $95K. Other major altcoins like ETH, XRP, & SOL have also gained 8%-10% in the interim. In turn, the massive minting has gained significant traction across the industry.

However, it’s also worth pointing out that some market watchers speculate the USDT minting activity to be a false alarm. Nevertheless, usual broader market sentiments remain bullish amid such massive inflows on a network.

Yet, the blockchain’s native coin, TRX price saw a slight 1% dip and exchanged hands at $0.2456. The weekly chart for crypto showcased a slight 1.5% increase, remaining undermined the broader market’s recent gains.

Even the coin’s trading volume saw a 15% decline intraday and is resting at $519.69 million. The contrary price metrics have sparked mixed sentiments despite Tether’s growing stablecoin activity on the network.

TRX’s futures OI also slipped over 3% today, reaching $231.75 million. Besides, the derivatives market volume also plunged 14% to $235.5 million, igniting market concerns despite a broader bullish landscape.

The post Why Tether (USDT) Moves $1 Billion in Just 24 Hours? appeared first on CoinGape.

Ethereum price eyes 30% gains in May as historical trends signal that it is one of the best months for the largest altcoin. Meanwhile, whales are actively accumulating ETH, amid renewed optimism that a new proposal will increase network throughput to achieve 2,000 TPS, and possibly restore Ethereum’s dominance among layer one networks.

ETH value today stands at $1,801 with a modest 0.9% gain in 24 hours. Buyers are attempting to turn the $1,800 resistance into support, and if they are successful, it could spark further gains.

Ethereum Price Targets 30% Gains in May as Whales Accumulate

Data from Coinglass shows that May is the best month for Ethereum price, with returns averaging around 30%. If history rhymes and Ethereum follows this trend in the coming months, it could surge from the current price of $1,800 to hit $2,300.

Whales appear to be readying themselves for a potential upswing, with data from santiment showing that these large traders have purchased millions of Ethereum tokens in the last 24 hours. During this period, the addresses of traders holding between 1,000 and 10,000 ETH increased their holdings by 10M tokens, equivalent to around $18 billion at the current Ethereum price.

Whales are often known for buying the dip and selling at the top. Therefore, if these traders are buying now, it might signal that the Ethereum price is eyeing gains in the near term.

New Proposal Could Push Ethereum TPS to 2,000

Besides historical data and whale activity, a new Ethereum proposal might be another key driver for Ethereum price gains. The EIP 9698 proposal seeks to increase the Ethereum gas limit by 100x in the next four years, which might be a bullish catalyst for this altcoin.

According to popular analyst fabda.eth, this proposal will have a bullish impact on Ethereum scalability, noting that the network TPS may reach 2,000, while the total transactions will hit 6,000. If this happens, Ethereum could achieve scalability and rival Solana to attract dApp activity, which will bolster demand and support a bullish Ethereum price prediction.

Ethereum Price Analysis Amid Bullish Breakout

Ethereum price recently broke out of a descending parallel channel on the daily chart, which is often a sign that the altcoin has overcome the recent downtrend, and it is eyeing an upward trend. This breakout is also confirmed by the AO bars that have crossed above the zero line, suggesting that the bullish momentum is growing strong.

The RSI is tipping north, and it has crossed above 50, which is also an indication that bulls are in control and a rally is likely. If ETH can overcome the resistance at $2,025, its next target price is $2,700 and eventually $3,500.

To sum up, Ethereum price is flashing several bullish signals, including whale accumulation and an ongoing network proposal to bolster network scalability. As these bullish factors align, traders should watch out for a rally of around 30%, which will match the average returns that ETH often sees in May.

The post Ethereum Price Eyes 30% Rally as Whales Scoop 10M ETH Amid 2000 TPS Proposal appeared first on CoinGape.

While the Shiba Inu price remains in a bear market, one crucial catalyst may help it surge in the near term: its soaring burn rate. SHIB trades at $0.000014, just a few points above the year-to-date low $0.00001025. This article explains the bullish case as the SHIB burn rate and staking ratio rises.

Shiba Inu Price May Benefit From the Burn and Staking Rate

A token burn is a crucial process in which a crypto project reduces the amount of tokens in circulation by sending them into an inaccessible address. It helps to reduce the supply and boosting its sentiment among investors.

Shiba Inu price may benefit from the ongoing burn rate that has reduced the number of SHIB tokens in circulation. Data show that the network has burned over 420 trillion tokens since its inception, and the rate is accelerating. The daily burn rate rose by 14.76 million on Monday, leaving those in circulation at 584 trillion.

Further, on-chain data shows that over 15,000 SHIB Army members have staked their xSHIB tokens. Over 4.83 trillion currently worth over $67 million, have been staked. That is a sign that these users anticipate the Shiba Inu price to continue rising over time.

Shiba Inu burns its tokens in a number of ways. The most common one is where holders move their tokens to a dead address. Another one is where fees generated from its ecosystem like Shibarium is changed from BONE to SHIB and then incinerated.

SHIB Can Soar 150% if Key Support Holds

A recent CoinGape article estimated that the value of SHIB would eventually surge 17x in the long term. This article cited a chart forming a triangle pattern that hinted it was in a strong buy zone.

The daily chart below adds to the optimism that the Shiba Inu price will eventually rocket higher, potentially by 150% from the current level.

This chart reveals that the coin has formed a giant double bottom pattern at $0.00001080, its lowest level in August last year and this month. It is a giant one because its neckline is at $0.000033. This price signals a near 150% surge from the current level.

There will be several key SHIB price targets to watch out before the target is reached. The first one is at $0.00001565, the neckline of the smaller double-bottom pattern that has formed this month.

After this, the bullish Shiba Inu forecast will be confirmed when the coin rises above $0.000022, the 50% Fibonacci Retracement level. The outlook will be canceled when the coin crashes below the double-bottom point at $0.00001080. A drop below this level will cancel the bullish view.

The post 410 Trillion SHIB Burned and 4.8T Staked: Can Shiba Inu Price Surge 150%? appeared first on CoinGape.

The post Bitcoin Price Prediction-Here’s What’s Incoming for the BTC Price Rally This Week appeared first on Coinpedia Fintech News

The crypto markets are displaying significant strength since the early trading hours, with the prices of most of the tokens remaining inflated. Altcoins like PENGU, XMR, DEEP, etc., and a few more have been attracting double-digit gains, while some are experiencing minor losses. Meanwhile, Bitcoin has sustained above $94,000 as the global trading volume has begun to recover yet again. With the start of the American trade, the buying pressure is increasing and hence, with the rise in positive sentiments, the BTC price is believed to rise above the crucial resistance levels. 

A few days before, the bulls utilized all their strength to elevate the BTC price above the consolidation around $85,000. The volume increased from $15 billion to $55 billion, which later began to drop gradually to close to $20 billion. In the times when the spot retail traders have refrained from entering a fresh trade, the whales have begun aggressive accumulation. Ever since the latest rebound, the whales seem to have smelled a fresh bullish case and hence have increased their accumulation. 

The data from Glassnode indicates the whales have been aggressively accumulating over the past few days. The number of wallets with a balance over 1000 BTC witnessed a sudden rise from 17.2K to 17.3K, indicating the whales are foreseeing a bullish trajectory for the token. The whales are buying BTC like never before, which suggests a massive price action could be on the horizon. The new whales appear to be more aggressive than the old ones, substantiating the bullish claim. 

Is Bitcoin (BTC) Price on Its Way to $100K?

After breaking above the falling wedge, the BTC price surged extensively and surpassed the local resistance at $88,500 and entered a pivotal range between $94,170 and $94,900. The bulls are working hard to keep the rally restricted within the range. Once the bulls accumulate the required strength, the token is expected to trigger a fresh upswing, elevating the levels beyond $100K.

The daily chart of Bitcoin is progressive as the price is closely consolidating around the gains, experiencing equal bullish and bearish pressure. The RSI is about to enter the overbought zone, and the CMF has been maintaining a decent ascending trend. This suggests a significant inflow of money onto the platform. Hence, hinting towards a rise in bullish sentiments within the market. Once the Bitcoin (BTC) price rises above the pivotal resistance at $98,500 to $99,000, rising above $100,000 is imminent. 

The post Bitcoin Price Prediction-Here’s What’s Incoming for the BTC Price Rally This Week appeared first on Coinpedia Fintech News
The crypto markets are displaying significant strength since the early trading hours, with the prices of most of the tokens remaining inflated. Altcoins like PENGU, XMR, DEEP, etc., and a few more have been attracting double-digit gains, while some are experiencing minor losses. Meanwhile, Bitcoin has sustained above $94,000 as the global trading volume has …