ChatGPT Forecasts the Likelihood of Ripple XRP Reaching $1 in 2023

ChatGPT, an AI model developed by OpenAI, has recently offered insights into the likelihood of Ripple’s XRP reaching the $1 milestone in 2023, with our prompts. While the analysis is data-driven, it’s important to clarify that these are not financial recommendations.

XRP is a digital asset that was created by Ripple Labs in 2012. Unlike Bitcoin, which aims to be a decentralized digital currency, XRP was designed with the specific purpose of facilitating cross-border payments and money transfers. It is known for its speed and low transaction fees, making it attractive for financial institutions and payment service providers.

The potential of XRP extends beyond just being a cryptocurrency. With the advent of Central Bank Digital Currencies (CBDCs) and the increasing need for faster, more efficient global transactions, XRP is positioning itself as a bridge currency that can link disparate financial systems. Its underlying technology, the Ripple protocol, allows for the direct transfer of money between two parties, eliminating the need for a central intermediary and reducing the cost and time of transactions. This makes XRP a compelling option for a range of financial applications, from remittances to supply chain finance.

ChatGPT’s Analysis

According to ChatGPT, there is a moderate likelihood of XRP hitting the $1 mark in 2023, provided several key factors align favorably.

Regulatory Environment

ChatGPT briefly considered the regulatory environment surrounding XRP, particularly focusing on the recent SEC v. Ripple case. The court’s decision on July 13, 2023, had immediate and dramatic effects on XRP’s market price. Following the announcement that XRP was not considered a security when sold to the public, the cryptocurrency experienced a meteoric rise, surging from $0.47 to $0.938 in just one day—an increase of approximately 100%. This rapid ascent liquidated a significant number of short positions, adding fuel to the rally.

However, the euphoria was short-lived. XRP prices have since retraced substantially and are now trading at around $0.5. While the SEC’s actions against Ripple have concluded, the lawsuit itself has not been fully settled, leaving a cloud of uncertainty hanging over XRP’s future price movements. This regulatory backdrop is an important factor that was considered in ChatGPT’s analysis of XRP’s potential to reach $1 in 2023.

Market Trends: Bitcoin Price and Its Influence on XRP

ChatGPT’s analysis also takes into account the current market trends of Bitcoin, which is trading at around $26,600 as of now. The model indicates that if Bitcoin’s price surpasses the $30,000 mark, the likelihood of XRP reaching $1 increases. Furthermore, should Bitcoin climb to $35,000 in the remaining months of 2023, XRP’s chances of hitting the $1 milestone become very high.

Other Key Driving Factors

CBDCs: The rise of Central Bank Digital Currencies could influence XRP’s role in the financial ecosystem.

XRP in International Payments: XRP’s growing adoption for cross-border payments and money transfers adds to its potential for price growth.

Expert Opinions

Financial experts caution that AI models like ChatGPT can offer valuable insights but should not replace professional financial advice. Investors should conduct their own research and consult professionals before making investment decisions.


ChatGPT’s forecast offers a nuanced, data-driven perspective on XRP’s potential to reach $1 in 2023. The model considers a range of factors, including Bitcoin price trends and XRP’s role in international payments.

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Crypto Innovations and IBM’s Role in the Evolving Payments Landscape

As the world of finance undergoes rapid digital transformation, the introduction of novel payment methods, including cryptocurrency and the much-anticipated Central Bank Digital Currencies (CBDC), is reshaping the industry. Prakash Pattni, in his recent analysis, highlights the challenges and opportunities this presents, especially for traditional banking institutions.

The rise of disruptive digital entrants has intensified competition in the payments ecosystem. With an array of choices now available to customers, from cryptocurrencies to CBDCs, traditional banks are grappling to retain their market share. The introduction of CBDCs, hailed as a significant step towards the digitization of national currencies, further underscores the urgency for banks to modernize their payment systems.

Regulatory bodies, recognizing the potential risks associated with the rapid integration of non-traditional players like fintechs and neobanks, are enhancing their oversight. Financial institutions, in response, are expected to adapt swiftly to these evolving compliance standards, ensuring the safety, efficiency, and resilience of their payment infrastructures.

Amidst these challenges, the need for seamless customer experiences remains paramount. Pattni emphasizes the importance of understanding the entire payment process, from the initial point of sale to the final transaction. With the majority of initial customer interactions now occurring through digital channels, the IT architecture supporting these transactions must be robust, secure, and efficient.

Enter IBM. The tech giant is offering solutions tailored for this new era. Their “Check Payments on IBM Cloud for Financial Services” is a testament to this commitment. Operating in a secure cloud environment, this service ensures compliance with financial regulations, addressing the needs of banks in an age where, despite the decline in daily check transactions, the overall value of processed checks remains significant.

IBM’s collaborative approach, working with over 130 tech partners and fintechs through the IBM Financial Services Cloud Council, further solidifies its position as a leader in this transformation.

In conclusion, as the payments landscape continues to evolve, driven by innovations like cryptocurrencies and the introduction of CBDCs, the onus is on both traditional and non-traditional financial institutions to stay ahead of the curve. Leveraging partnerships with tech giants like IBM, and ensuring a continuous commitment to digital transformation, will be key to navigating this new frontier.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Is Character AI Safe? An In-Depth Analysis

The rise of artificial intelligence has brought forth a myriad of tools and platforms, one of which is Character AI. According to a16z, CharacterAI is ranked 2nd in the top 50 GenAI web products, trailing only ChatGPT. It’s a prominent companion platform to ChatGPT, holding approximately 21% of ChatGPT’s scale. On mobile, CharacterAI showcases strong performance, with daily active users (DAUs) comparable to ChatGPT and superior retention, as per Sensor Tower data. It falls under the “AI companions” category, which, along with content generation tools, has seen a surge in usage recently. As with any digital platform, concerns about safety, privacy, and data security are paramount. Here’s an analysis of the safety of Character AI:

What is Character.AI?

Founded by Noam Shazeer and Daniel De Freitas, Character.AI is an advanced AI-driven chatbot platform that enables users to design and engage with virtual characters, ranging from celebrities like Elon Musk to historical icons like Aristotle. Gaining popularity, especially among Gen Z, it serves as a tool for creating digital companions for diverse purposes, including entertainment, role-playing, and mental health support. The platform employs neural language models for realistic conversations, allowing users to customize characters, participate in group interactions, and provide feedback to enhance AI precision. Available freely, there’s also a premium version,, offering superior features. Supported majorly by a16z, Character.AI has raised nearly 2 billion in funding. While it prioritizes authentic interactions, users should recognize that the AI models are continually evolving.

Safety Concerns

Chat Storage: Character AI retains chat data, enabling users to pick up conversations where they left off. This raises questions about data longevity and potential access by third parties.

Data Privacy: Character AI prioritizes user data privacy. Their privacy policy, as set by Character Technologies Inc., emphasizes the use of “commercially reasonable technical, administrative, and organizational measures” to protect user information. However, as with any online platform, there’s no absolute guarantee against potential breaches. Users should be wary of sharing sensitive personal details.

NSFW Content: The platform has a strict policy against NSFW content. Although mechanisms are in place to screen and filter inappropriate material, users, particularly the younger demographic, should exercise caution. Some individuals may attempt to bypass these safeguards, potentially exposing younger users to harmful content. Additionally, the review and filtering processes could pose risks to user data confidentiality.

Age Restriction Concerns : The platform’s policy restricts users below 13, but enforcement might not be stringent, potentially exposing younger audiences to unsuitable content.

Identity Manipulation: Character AI allows the creation of characters resembling real individuals. This poses ethical concerns about consent and potential misuse of personal data.

International Users: The privacy policy highlights that user data may be transferred to servers in the United States, which international users should be aware of.

California Privacy Rights: For California residents, the policy outlines specific rights concerning their personal information, including the right to know, request deletion, and non-discrimination.

Updates & Contact: Character AI’s privacy policy is subject to change, and users are encouraged to review it periodically. For queries, users can reach out to

safety suggestions

Parental Guidance: For younger users, parental guidance is recommended. Parents should be aware of the platform’s capabilities and potential risks.

Exercise Caution with Personal Data: Users are encouraged to exercise caution when sharing information on the platform. For security reasons, it’s recommended to refrain from disclosing sensitive details such as passwords, bank account information, or other personal identifiers during conversations.

Stay Updated: As with any digital tool, it’s essential to stay updated on the platform’s terms of service, privacy policy, and any changes they might implement.


while Character AI offers an innovative way to interact with AI-powered characters, users should approach it with an awareness of the potential risks. As the platform continues to evolve, it’s crucial to prioritize safety and data privacy.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Pepe Coin Shows Bullish Indicators After an 80% Decline

Pepe coin is displaying potential signs of resurgence, after a tumultuous period characterized by an over 80% drop in value and scandals involving insider trading and scams linked to its founder. Technical indicators across different time frames hint at a possible bullish momentum for the cryptocurrency.

Technical Analysis: Both RSI and MACD Indicate Bullish Momentum

Daily Time FrameOn the daily chart, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are displaying bullish divergence. Such patterns typically indicate a potential reversal in price trends.


RSI Divergence, Source: Binance

A bullish RSI divergence occurs when the price of an asset makes a new low, but the Relative Strength Index (RSI) creates a higher low. This discrepancy suggests weakening downward momentum and a potential upcoming price reversal to the upside. Traders often view this pattern as a sign that the current downtrend may be losing steam, and a bullish trend could be on the horizon.


MACD Divergence, Source: Binance

1-Hour Time Frame: Similar bullish divergence patterns are also evident on the 1-hour chart, reinforcing the sentiment suggested by the daily indicators.

RSI Implications: The RSI, a momentum oscillator, is particularly noteworthy. When there’s a bullish divergence on the daily time frame, it often signifies a strong requirement for a bounce, which may not be short-lived. This could mean that Pepe coin might see a more sustained recovery in the coming days or weeks.

Pepe Coin Remains Within a Descending Channel

But please note that the Pepe coin’s price trajectory continues to be characterized by a descending channel, signaling a consistent downward trend over a period. Investors and traders should approach this with a degree of caution, as such patterns often indicate sustained bearish momentum. To shift this narrative and indicate a potential bullish turnaround, the price would need to achieve a significant milestone: breaking above the descending channel.


Descending Channel, Source: Binance

More importantly, after surpassing this boundary, it’s crucial for the coin to maintain its position and firmly establish itself above the upper boundary of the channel. This would provide a stronger confirmation of a trend reversal, offering a more optimistic outlook for the cryptocurrency’s future performance.

While current market indicators suggest an anticipated bounce in the Pepe coin’s value, it’s essential for investors to tread with caution. As the price inches closer to the upper boundary of its descending channel, historical data and technical patterns indicate this as a potential resistance zone. In such scenarios, the upper bound often acts as a ceiling, making it challenging for the asset to break through. Given this, for investors aiming to maximize returns and minimize potential downturns, it might be a strategic move to consider selling or reducing their holdings as the price approaches this critical threshold.

A crucial caveat to consider is that if Bitcoin experiences a downturn, most other coins, including Pepe, are likely to follow suit. Pepe’s potential bounce is also closely tied to Bitcoin’s future price trajectory. Furthermore, while the presence of bullish divergence is promising, there are instances where a double bullish divergence is required to reinforce a bounce, especially for coins that have witnessed significant declines.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Technical Analysis: Jasmy Coin Price Movements Indicate Bullish Potential

Jasmy Coin, the cryptocurrency tethered to Tokyo’s renowned IoT service provider, Jasmy Corporation, has captured the attention of technical analysts and market stakeholders. Its recent price actions have signaled potential opportunities and challenges ahead.

Our detailed analysis on August 13 revealed that Jasmy Coin successfully breached its descending trend line, a line that had been intact since May 5, 2023. This former resistance line has now transitioned into a potential support level. However, there are hurdles to overcome. 

As we pointed out before, anticipating a potential bull run for the remainder of 2023, Jasmy Coin would suffer a correction to confirm the trend reversal. The wider cryptocurrency market felt the shockwaves of Bitcoin’s downturn on August 17. Consequently, Jasmy Coin’s valuation dipped below its June 20 price levels. 

Nonetheless, the coin showcased resilience, rallying to challenge the aforementioned descending trend line for a fourth consecutive time. As of now, Jasmy Coin stands above the descending trend line and hovers near the 99-day MA, which sits around the $0.0039 mark. If Jasmy Coin manages to sustain above these technical levels, it could set the stage for a bullish trend, offering lucrative returns for traders and investors.


Source: Binance

Technical Barriers: Double Top and Long-term Indicators

As pointed out before, earlier in 2023, Jasmy Coin registered two prominent price peaks. The initial surge peaked at $0.008364 on February 8, and the subsequent one, a tad lower, at $0.007967 on May 5. These levels, forming a classic “double top” pattern, are crucial resistance zones. A rally that revisits these levels could potentially yield returns approaching 100%. However, traders must exercise caution. Cryptocurrencies, with their inherent volatility and pronounced correlation to Bitcoin’s price fluctuations, are unpredictable. A bearish trend in Bitcoin might temper Jasmy Coin’s bullish aspirations.

Another significant technical level to monitor is the 55-week Moving Average (MA), which marked the climax of Jasmy Coin’s previous bullish cycle. It is currently stationed around the $0.005 mark, representing a pivotal long-term bullish indicator.

About JasmyCoin

Jasmy Coin pioneers the integration of IoT and blockchain, aiming to optimize data interchange between service providers and end-users. With the power of edge computing and IPFS, Jasmy champions data democratization, fortifying data security, endorsing user data sovereignty, and enabling service providers to harness user-centric data.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Why Bitcoin May Crash Below $20,000 Soon

Predicting Bitcoin’s Price Through Historical Data

Historical trends and data points often shed light on potential future movements, especially in the volatile world of cryptocurrencies. September, based on our comprehensive analysis, traditionally poses challenges for Bitcoin, the leading digital currency.

In September 2022, Bitcoin experienced a decrease of -3.09%. This decline was the most notable for a September month since the year 2014. Projecting forward, if 2023 follows this previous trend, we can anticipate the cryptocurrency to touch around the $25,107 mark by the close of the month. However, widening our lens to account for an average September decline, which sits at roughly -9.22% over the considered years, this figure might recede even further to approximately $23,530.

Amplitude analysis serves as another tool to gauge the potential future trajectory of Bitcoin. Revisiting the data from September 2018, a standout month with the lowest amplitude since 2014 (with the exclusion of 2015 and 2016 due to their respective price increases), Bitcoin’s price underwent a fluctuation of about 19.51%. Taking into account the current month’s opening price of $25,927, should Bitcoin tread the amplitude path of 2018, a downward spiral to a figure around $20,867.67 is conceivable. Current market conditions, which many analysts view as unfavorable, inject a layer of uncertainty to Bitcoin’s near-term outlook.

Diving deeper into historical amplitude patterns, the average for this parameter over the years hovers around 27.21%. Based on this percentage, a plausible scenario might see Bitcoin nearing a concerning valuation of $18,860 in the foreseeable future.

Technical Analysis

Bitcoin’s price trends remain under intense scrutiny by both traders and investors. Currently, its value hovers around the $25,800 mark. A notable setback from the bullish momentum of the 10-daily moving averages emphasizes the significance of the $26,000 support level for Bitcoin. This threshold is pivotal for traders; any falter here could trigger an downtrend.


Source: Binance

Adding to the intricacies is the crucial $25,000 support line. Bitcoin has displayed commendable tenacity since August 17th, consistently staying above this mark. Notably, the upward trending line for Bitcoin also converges around this $25,000 zone. Should the currency break this line, the implications could be severe. Without any clear support immediately below, Bitcoin might be vulnerable to a sharp dive, potentially spiraling down to the $20,000 range.

Given these dynamics, it’s essential for investors to remain vigilant, harnessing both historical insights and in-depth technical analysis to steer through the capricious nature of Bitcoin’s valuation.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Will Shiba Inu SHIB reach $1 by 2030?

Founded under the pseudonym “Ryoshi” in August 2020, the SHIBA INU token, or SHIB, has quickly morphed into a crypto sensation. An Ethereum-based token, it champions the decentralization narrative, rallying a broad global audience to its fold. By September 17, 2021, Coinbase, a prominent U.S. crypto exchange, had added Shiba Inu to its listing, which consequently pumped its value by 40% within 48 hours.

However, a pivotal query has arisen: Can this meme-inspired token touch the $1 mark by 2030?

Shiba Inu’s Evolution: A Quick Recap

Created by an anonymous individual, Ryoshi, the SHIBA INU token rode the wave of popular endorsements from the likes of Elon Musk and Vitalik Buterin. While many speculated Buterin’s role in its inception, he cleared the air on the Lex Fridman podcast aired on June 5, 2021. The ShibaSwap, the token’s dedicated decentralized exchange, has played a vital role in its growth.

In October 2021, murmurs about a potential Robinhood listing pushed SHIB’s price, even temporarily overtaking Dogecoin in market capitalization. Though a listing on Robinhood remains elusive, Christine Brown of Robinhood acknowledged the Shiba Inu community’s spirited efforts.

Another noteworthy chapter in SHIB’s journey was when Vitalik Buterin burned a significant chunk of his SHIB share, which he had received from Ryoshi. This act, coupled with his charitable donations using the token, carved a distinctive narrative for SHIBA INU in the crypto landscape.

What Sets SHIBA INU Apart?

The SHIBA INU ecosystem isn’t just about its primary token. It’s also fostering an “artistic Shiba movement” in the NFT sector. The objective, according to the platform, is twofold: establishing a decentralized organization sans central leadership and introducing SHI, an algorithmic stablecoin pegged at one cent.

In December 2021, the American electronics vendor, Newegg, ushered SHIB into its payment methods, highlighting the growing merchant adoption of the token. Moreover, efforts like the SHIB burn party by Bigger Entertainment last Christmas signals an active community trying to manipulate the token’s supply and, potentially, its price.

The SHIB Supply Dynamic

The SHIBA INU platform locked 50% of its token supply on Uniswap, and the rest was “gifted” to Buterin, who later burned 40% of the total tokens. The platform also features other tokens like LEASH and BONE, each with its unique attributes and utilities.

On May 10, 2021, SHIB reached its ATH of 0.00005. A contributing factor was when Buterin, in an unforeseen move, donated a significant amount of his tokens for COVID relief in India.

Looking Ahead: Can SHIB Reach $1 by 2030?

Forecasting if SHIB could attain a value of $1 by 2030 necessitates an examination of myriad factors. This includes its current circulating supply, scheduled and potential burn events, overarching market conditions, and the evolution and expansion of its ecosystem.

Current Numbers Breakdown:

Total burnt from initial supply: 410,658,540,184,213

Max Total Supply: 999,983,856,519,899

Current Total Supply: 589,341,459,815,786

Circulating Supply: 579,724,727,441,499

Putting it into Perspective:

Currently, there’s a whopping 600 trillion SHIB coins in circulation. To understand the scale of this, consider that the entire US stock market cap stands at approximately $46 trillion.

For SHIB to reach $1, its total market cap would need to hit $600 trillion, which is over ten times the combined valuation of all U.S. stocks. This scenario, on its face, seems implausible.

Although Shiba Inu is ramping up its token burn strategy to reduce the circulating supply, the numbers still present challenges. Even if an ambitious 99% of the current circulating supply were to be burned, SHIB’s market cap would hover around $6 trillion. This would be double the market cap of tech giant Apple, currently the world’s most valuable company.

In conclusion, while the Shiba Inu community is passionate and the token continues to gain traction, reaching a $1 valuation by 2030 would require unprecedented market shifts.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Bitcoin September Curse? Predicting BTC Price Using Comprehensive Historical Data

September’s Historical Downtrend

Over the nine-year period from 2014 to 2022, Bitcoin‘s September performance has largely been bearish. The closing price in September was often lower than the opening price, indicating a general downtrend for the month.

Bitcoin Price Year-by-Year Analysis

2014: Opened at $479 and closed at $391, a decline of 18.37%.

2015: Opened at $230 and closed at $236, a slight increase of 2.6%. This year is an exception to the general downtrend.

2016: Opened at $570 and closed at $608, an increase of 6.67%. Another exception to the downtrend.

2017: Opened at $4,734 and closed at $4,326, a decline of 8.62%. This year saw a significant intra-month drop of nearly 40%.

2018: Opened at $7,015 and closed at $6,597, a decline of 5.96%.

2019: Opened at $9,593 and closed at $8,298, a decline of 13.49%.

2020: Opened at $11,658 and closed at $10,778, a decline of 7.55%.

2021: Opened at $47,118 and closed at $43,834, a decline of 6.97%.

2022: Opened at $20,049 and closed at $19,429, a decline of 3.09%.

Average September Decline

Excluding the two years (2015 and 2016) where Bitcoin saw an increase in September, the average decline for the remaining years is approximately 9.03%. 


Soruce: TradingView

Year-by-Year Amplitude Analysis:

For Bitcoin, the month of September has historically been characterized by significant price fluctuations. A detailed examination of the past nine years reveals the amplitude of these price movements, providing a clearer picture of the cryptocurrency’s September behavior. Below uses formula: (High – Low) / Low.

2014: Bitcoin experienced an amplitude of 36.16%, swinging between a low of $365 and a high of $497.

2015: The amplitude was more subdued this year, recorded at 10.31%, with the price oscillating between $223 and $246.

2016: Bitcoin’s amplitude stood at 10.95%, as the price moved between $566 and $628.

2017: This year saw a dramatic amplitude of 67.43%, with Bitcoin’s price ranging from $2,973 to a high of $4,979.

2018: The amplitude was 21.62%, as Bitcoin’s price varied between $6,094 and $7,411.

2019: Bitcoin experienced a significant amplitude of 41.97%, with the price fluctuating between $7,714 and $10,949.

2020: The amplitude for this year was 22.60%, as Bitcoin’s price moved within the range of $9,825 and $12,065.

2021: Bitcoin’s amplitude was recorded at 33.81%, with prices swinging between $39,573 and $52,956.

2022: The amplitude stood at 25.47%, as Bitcoin’s price varied between $18,157 and $22,781.’

Below uses formula: (High – Low) / ( (High + Low)/2 ).

2014: The amplitude was 28.91%, with Bitcoin prices ranging between a low of $365 and a high of $497.

2015: Bitcoin’s amplitude stood at 10.14%, oscillating between $223 and $246.

2016: The amplitude for the year was 10.77%, as Bitcoin’s prices moved from a low of $566 to a high of $628.

2017: Bitcoin experienced an amplitude of 50.15%, with prices fluctuating between $2,973 and $4,979.

2018: The amplitude for the year was 20.18%, as Bitcoin’s prices varied between $6,094 and $7,411.

2019: Bitcoin saw an amplitude of 33.33%, with prices ranging from $7,714 to $10,949.

2020: The amplitude for the year stood at 20.41%, as Bitcoin’s prices oscillated between $9,825 and $12,065.

2021: Bitcoin’s amplitude was 28.28%, with prices moving between $39,573 and $52,956.

2022: The amplitude for the year was 22.22%, as Bitcoin’s prices varied between $18,157 and $22,781.

Average September Amplitude

The average amplitude for Bitcoin in September over the years 2014 to 2022 using the traditional formula is approximately 29.92%. Using the alternative formula, the average amplitude is approximately 24.91%

Current Bitcoin Data

Bitcoin kicked off September 2023 with an opening price of $25,927. Despite reaching a monthly high of $26,429, the cryptocurrency experienced a dip, recording a low of $25,333. At the time of writing, Bitcoin is trading at $25,850.

As September progresses, Bitcoin, market analysts have projected potential low points for Bitcoin by the close of September.

Predicting the Future Based on Historical Trends

Historical Declines: Delving into past performances, Bitcoin’s most pronounced September decline was -3.09% in 2022. If 2023 mirrors this trend, Bitcoin could potentially settle around the $25,107 mark by month-end.

The average decline over the years hovers at approximately -9.22%. If this average is indicative of this year’s performance, Bitcoin might conclude September near $23,530.

Amplitude Analysis: Utilizing the alternative amplitude formula, Bitcoin’s amplitude for September 2018 was discerned to be approximately 19.51%. The most restrained September amplitude was recorded in 2015 at 10.31%. If this month’s price movements align with this subdued amplitude, predominantly in the downward trajectory, Bitcoin’s valuation could diminish to $23,240 by the end of September.

Factoring in the average amplitude over the years, which stands at approximately 27.21%, a worst-case scenario could see Bitcoin descending to a concerning $18,860 by month’s close.

However, Bitcoin’s price has the potential to defy historical trends and close September above $25,927, akin to the positive performances observed in 2015 and 2016.

While these projections provide a lens into historical trends, the inherently volatile nature of cryptocurrencies suggests that actual outcomes may vary. Investors and traders are advised to exercise prudence and remain abreast of market developments.

Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions. This material is the exclusive property of Blockchain.News. Unauthorized use, duplication, or distribution without express permission is prohibited. Proper credit and direction to the original content are required for any permitted use.

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Why MOVR, RSS3, FTT, C98, MLN, CVC Are the Coins to Watch After PERP and FORTH’s Surge

Market Capitalization Overview

According to CoinMarketCap, among the top gainers, only SNX finds itself within the top 100 in terms of market capitalization, currently ranking at 48th place.

* In the 101-200 market cap range, ENJ has experienced a surge of around 20%.

* In the 201-300 range, DORA led the pack with a 15% increase. Additionally, four other coins—HPO, UNFI, DODO, and PEG—posted gains of 70%, 17%, 14%, and 10%, respectively.

* In the 301-400 range, six coins—TSUKA, CEL, BAKE, TLM, LEVER, REEF—saw increases of around or above 10%, with gains of 28%, 11%, 11%, 10%, 10%, and 10%, respectively.

* In the 501-600 range, no coin increased by more than 10%, although RFR did show a modest increase of 9.3%.

A Historic Decline

It’s crucial to note that all these coins have depreciated by over 90% in value since 2021, underlining the extreme volatility and associated risks in the cryptocurrency market.

One Key Factor to Observe

Most of these coins have surged by over 20% in the last two months.

* SNX previously surged by 25%, with an amplitude of 52%, on July 14.

* FORTH saw a 14.5% surge with a 46% amplitude on July 18, and again by 36.6% with a 55.6% amplitude on July 27.

* DODO experienced a 36.3% surge with a 43% amplitude on August 7.

* BAKE increased by 31% and 15% consecutively on August 13 and 14.

Additional Info

Top 10 Gainers in the Last 24 Hours on Binance:PERP, FORTH, UNFI, ENJ, SNX, DODO, BEL, BAKE, REEF, TLM.

Coins to Watch

Based on the following criteria:

1. Having surged over 20% in the previous two months,

2. Not having surged in recent days,

3. Holding a market cap between ranks 300-400,

Some coins to keep an eye on include: MOVR, MLN, RSS3, FTT, CVC, C98.


While the top gainers on Binance offer promising prospects, it’s essential to remember the inherent volatility of the cryptocurrency market. Investors are advised to conduct their own research and consider various factors before making any investment decisions.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice.

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Shiba Inu SHIB Price Plummets Over 30% in Summer of Shibarium, Here is Why

Despite a promising start to the much-anticipated “Summer of Shibarium,” Shiba Inu’s native cryptocurrency, SHIB, has experienced a dramatic 36% price drop. This article explores the rollercoaster ride of SHIB’s price, the technological advancements in the Shiba Inu ecosystem, and the market factors contributing to this decline.

What Was the Summer of Shibarium?

On July 15, Shiba Inu’s official Twitter account, @Shibtoken, heralded the arrival of the “Summer of Shibarium.” The announcement promised a series of exciting updates and urged the community to brace for “a splash of thrilling releases.” The summer was expected to be a pivotal season for Shiba Inu, featuring the launch of Shibarium, a Layer 2 blockchain solution.

Initial Market Response

Following the “Summer of Shibarium” announcement, SHIB’s price surged to $0.00000853. Although it experienced a slight correction to $0.00000756 two days later, the token soon embarked on an upward trajectory, peaking at $0.00001136 on August 12, a 50% increase.

Technological Advancements

The Shiba Inu project has been busy with numerous updates, the most noteworthy being the development of Shibarium. This Layer 2 solution aims to enhance the Shiba Inu ecosystem, which already includes a decentralized exchange (ShibaSwap) and multiple tokens (SHIB, LEASH, BONE). Shibarium is seen as a crucial step in fulfilling the project’s decentralized vision.

The Downfall: Tied to Bitcoin?

However, the euphoria was short-lived. As Bitcoin’s price dropped by 13% on August 17, SHIB followed suit, plummeting by 12% on the same day. The token’s price fell to $0.00000725, even lower than its lowest point during the “Summer of Shibarium,” marking a 36% decline.

shiba inu.JPG

Source: Binance

Market Indicators

On the day SHIB reached its peak, Blockchain.News reported that trading volumes and open interest showed unusual activity. SHIB’s 24-hour trading volume on Binance skyrocketed over 100% to $1.32 billion, ranking third behind Bitcoin and Ethereum. In the meantime, open interest in Shiba Inu surged by over 33% to $101.65 million.

What’s Next?

With SHIB currently consolidating at a price of $0.00000765 and given that historical data suggests Bitcoin often underperforms in September, the future outlook for SHIB remains uncertain. Investors should closely monitor the upward trending support line for potential price movements.

Lessons and Future Outlook

As autumn sets in, the key takeaway from this summer’s events is to be prepared for the next “Summer of Shibarium” but to exercise caution and consider selling before potential price drops.

Image source: Shutterstock


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