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A new spot Bitcoin exchange-traded fund (ETF) tied to Truth Social, the media platform owned by Donald Trump, has been filed for listing on the New York Stock Exchange. NYSE Arca submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) on June 4, for the ETF’s approval. The fund aims to track
The post Just In: Donald Trump Company Truth Social Files To Launch Spot Bitcoin ETF appeared first on CoinGape.
The EUR/USD pair is seeing a resurgence today, bouncing back after a volatile Friday, with the release of the latest…
Ethereum price has crashed this year, and there are signs that the downward trend may continue this year. Standard Chartered analysts have slashed their target by 60% to $4,000, while a bearish pennant points to further downside. This article explores some of the best ETH rivals to buy after the analyst downgrade.
Analysts at Standard Chartered, who have been highly bullish on cryptocurrencies, have slashed the Ethereum price target from $10,000 to $4,0000. Further, the chart below shows that the coin has formed a bearish pennant pattern. This pattern comprises of a long vertical line and a triangle and often leads to more downside.
Some of the top ETH rivals to buy are Cardano (ADA), Berachain (BERA), and Binance Coin (BNB).
Cardano is one of the top ETH rivals to buy even as its price remains 45% below its highest level in 2024 and 77% below its all-time high. Cardano has two potential catalysts that may push it higher in the near term: ADA ETF approval and the upcoming BitcoinOS integration.
It also has bullish technicals. The weekly chart shows that Cardano is in the second phase of the Elliot Wave pattern. Elliot Wave is a pattern made up of five alternating waves. The second one is usually bearish, followed by the bullish third wave, which is the longest.
Therefore, a move to last year’s high of $1.325 would be a 87% surge from the current level, while a jump to the 50% retracement point at $1.7 would be a 140% increase.
Berachain is another crypto to buy as Ethereum price is primed to dip further. The main catalyst for the BERA token is that it is gaining traction among developers.
Berachain has attracted 45 developers in the decentralized finance or DeFi industry, with the total value locked (TVL) being $3 billion and the stablecoin market cap rising to over $1.53 billion.
Berachain’s performance in DeFi is much better than that of Ethereum. Data shows that Ethereum has shed over 18% in TVL in the last 30 days to $47 billion. The main concern about Berachain is that it will have many token unlocks until 2028.
BNB is another good ETH rival to buy as the Ethereum price crashes. It has a combination of strong fundamentals and technicals. Fundamentally, the BSC Chain has established itself as the most viable alternative to Ethereum and Solana. Ethereum is known for its slow speeds and high transaction costs, while Solana’s reputation has been damaged because of its meme coins.
BNB price has formed a cup and handle chart pattern on the weekly chart pointing to an eventual rebound to over $1000 in the long term.
There are chances that the Ethereum price will tumble to below $1500 in the near term. If this happens, it will make sense to invest in popular ETH rivals like BNB, Cardano, and Berachain. Other quality ETH rivals to consider are Aptos, Mantra, and Sonic.
The post ETH Rivals to Buy as Standard Chartered Slashes Ethereum Price Target From $10K to $4K appeared first on CoinGape.
Shiba Inu (SHIB) looks primed for a possible breakout as the price action on the weekly chart constricts. Several cryptocurrency analysts are referring to a pattern formation that suggests SHIB could be on the verge of a massive price action following a consolidation phase.
One analyst, SHIB KNIGHT, has observed that the SHIB pattern is squeezing on the weekly chart. This shows preparations for a breakout. The analyst expressed expectations for an upward price movement, contingent on Bitcoin maintaining its stability.
$SHIB pattern is squeezing and it is getting ready for a break out at weekly chart.
I expect a rise from here if Bitcoin doesn’t spoil it. pic.twitter.com/bqR5Pw9BQL
— $SHIB KNIGHT (@army_shiba) April 16, 2025
A number of distinguished SHIB experts have made bullish price predictions regarding the meme coin. Analyst CryptoElites added that SHIB could rise 17 times in value. According to him, the token was in a favorable buy position, and a profound price change would occur soon. One of his charts shows the formation of a triangle with the potential breakout of $0.00023.
Another analyst, SHIB POSSESSOR, tweeted that if SHIB broke through its present resistance level, then it would race to a fresh all-time high in a flash. The analyst directed the community to purchase SHIB since prices are where they are.
These are positive predictions against some technical indicators. Market sentiment in Shiba Inu is bearish, Coincodex reports, as the Fear & Greed Index stands at 29, which equates to “Fear” in the market.
The platform analysis shows SHIB experienced 14 green days within the last 30 (47%) and SHIB price volatility of 6.31% within the same period. Coincodex now shows it may not be the right time to purchase Shiba Inu according to these statistics.
Short-term price targets for Shiba Inu display an interesting pattern of initial decline followed by substantial projected gains. According to a forecast chart by CoinCodex for the coming days, SHIB is expected to see a slight dip to $0.00001171 on April 17, 2025.
However, the outlook changes after this initial decline. The forecast indicates a price of $0.00001554 on April 18. This is a potential ROI of 32.34%.
This pump persists with expectations of $0.00002092 on April 19 (78.24% ROI), coming next, then $0.00002634 on April 20, a 124.38% return. Then there is a dip to $0.00002287 on April 21, still keeping a high 94.81% ROI.
The CryptoElites chart shows a triangle pattern in SHIB/USD with trendlines converging to support and resistance. This pattern typically suggests that there is little price action before a major change takes place.
Why Not a 17 X for SHIB?
We’re sitting in a strong buy zone, and a big move is coming soon!
Are you ready?
#SHIB $SHIB #Shiba $Shiba pic.twitter.com/koGj6n4Tjh
— @CryptoELlTES (@CryptooELITES) April 15, 2025
The analyst has labeled significant points along these trendlines. This is to illustrate that the price is heading to the apex of the triangle where a decision will be made. The chart has a target price of $0.00023. Additionally, CoinGape has released their SHIB price prediction for April.
The post Shiba Inu Prepares for Weekly Breakout as Price Tightens: How High Can SHIB Go? appeared first on CoinGape.
