Author
Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space
Elon Musk as House Speaker? Rand Paul’s Bold Suggestion
The United States Senator from Kentucky, Rand Paul, made a post on X (formerly Twitter) suggesting that billionaire business tycoon Elon Musk serve as House Speaker. This post on X followed the contentious debates over the continuing resolution (CR). The Speaker of the House need not be a member of Congress . . . Nothing …
Chandan Gupta·19 Dec 20242 min
Marathon Digital and Hut 8 Acquire Over 16,000 Bitcoin Worth $2 Billion
In a recent market dip, the United States publicly listed Bitcoin mining firms, Marathon Digital Holdings (MARA) and Hut 8 (HUT), made billion-dollar investments in BTC. On December 19, 2024, MARA Holdings and Hut 8 shared posts on X (formerly Twitter), announcing that they had purchased 15,574 BTC worth $1.53 billion and 990 BTC worth …
Chandan Gupta·19 Dec 20242 min
Fed’s Anti-Bitcoin Stance Triggers Major Crypto Market Sell-off
Today, December 19, 2024, the overall cryptocurrency market is experiencing notable losses, with major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and XRP seeing significant price declines over the past 24 hours. A potential reason for this drop is the recent Federal Reserve rate cut meeting. Reason Behind the Crypto Market Decline During the …
Chandan Gupta·19 Dec 20241 min
Fed’s Third Rate Cut of 2024, Will It Revive XRP and Bitcoin Prices?
As expected, on December 18, 2024, the Federal Reserve lowered the key interest rate by 25 bps, the third consecutive reduction so far in 2024. However, this rate cut announcement cautioned us about additional reductions in the coming years. Fed Cuts Rates by 25 Basis Points This decision has officially lowered the federal funds rate …
Chandan Gupta·19 Dec 20242 min
Dogwifhat (WIF) Price Prediction for December 19
Dogwifhat (WIF), the popular Solana-based meme coin, is poised for a price decline as its daily chart flashes a bearish signal. However, token holders appear to be dumping their holdings on exchanges, as reported by the on-chain analytics firm Coinglass. Dogwifhat (WIF) Technical Analysis and Upcoming Level Today, December 18, 2024, the overall cryptocurrency market …
Chandan Gupta·18 Dec 20242 min
Time to Buy LINK? $75M in Chainlink Moves to Crypto Wallet
LINK, the native token of Chainlink, is currently making waves in the cryptocurrency realm with increasing interest from whales and long-term holders, as reported by the on-chain analytics firm Coinglass. Crypto Whales Add $75 Million Worth of LINK The on-chain metrics for LINK’s spot inflow/outflow reveal that exchanges have witnessed a significant outflow of $75 …
Chandan Gupta·18 Dec 20242 min
NewsShiba Inu (SHIB) Price Prediction for December 18
Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours. Source: …
Chandan Gupta·18 Dec 20242 min
Are You Buying Bitcoin? Whales Add $7.3 Billion in BTC
Bitcoin (BTC), the world’s largest cryptocurrency by market cap is gaining significant attention from crypto enthusiasts following its impressive performance. Today, December 17, 2024, a prominent crypto expert made a post on X (previously Twitter) that whales have purchased a significant 70,000 BTC worth nearly $7.30 billion. Bitcoin Whales’ Rising Interest This notable BTC purchase …
Chandan Gupta·17 Dec 20242 min
NewsRipple USD (RLUSD) Launches on Global Exchanges, XRP Price Drop Ahead?
The most awaited Ripple Labs stablecoin Ripple USD (RLUSD) is now live on global exchanges after a prolonged period of struggle and hurdles with legal agencies. The cryptocurrency industry sees the launch as a major development for Ripple’s native token, XRP, which was strongly influenced after yesterday’s announcement. Features of Ripple USD (RLUSD) According to …
Chandan Gupta·17 Dec 20241 min