Ethereum News Daily Official TheBitTimes.com

A new meme coin on Solana, Peanut the Squirrel, has surged by 1378% over the past week, hitting a record high of $2.47. The coin has quickly emerged as one of the most impressive meme coins in the market, gaining immense attention and admiration. Following a supportive tweet from Elon Musk, who hinted at the impact of meme coins, the coin’s value surged dramatically. $PNUT, which currently holds a market cap of around $1.94 billion with its 1 billion token supply, has shown both explosive growth and significant volatility, drawing in a high volume of investments from buyers hoping for substantial gains. The rapid rise of $PNUT has already provided early investors with extraordinary returns, some seeing as much as a 1,000x on their initial investment. However, with the coin’s current elevated price, newer investors now face a higher level of risk if they aim to achieve returns on the same scale. Despite the risks associated with chasing a coin that’s already seen ma...

At the turn of every year, crypto celebrities announce outrageous predictions for the upcoming twelve months. Bullish bitcoin prices are always the most common forecasts — but in 2023, influencers expanded into a variety of predictions ranging from the ‘flippening’ to Gary Gensler’s dismissal from the Securities and Exchange Commission (SEC). An embarrassing number of these attempts at precognition never came true. Yet, the influencers who made them never held themselves accountable. Below, we take a look at some of 2023’s crypto prediction s that entirely missed the mark. Failed prediction #1: Bitcoin didn’t hit $175,000 Bitcoin’s impressive price rise over the past few months indicates that investors are confident things will improve. BTC has soared from $27,000 to $43,000 in the past three months — a 60% pump. On January 2 and 3, 2024, the price of bitcoin surpassed $45,000 for the first time in two years. However, during the entirety of 2023, bit...