TokenPunkies

This Tuesday morning, there is positive news for the people of the United States who have been burdened by high costs. The Consumer Price Index (CPI), which tracks changes in consumer prices for various goods and services, has shown a significant decrease in inflation for December, bringing it to the lowest point in almost a year. The latest CPI figure of 6.4% supports the idea of lowering inflation, which can cause volatile assets like Bitcoin to increase in price; currently trading at $21,633.   US CPI REPORTS 6.4% INFLATION The Core CPI, which excludes prices of volatile goods like food and gasoline, rose by 0.4% from the previous month and increased by 5.6% from a year ago, slightly exceeding market expectations. In September, it reached the highest level since August 1982 at 6.5%. The Bureau of Labor Statistics' closely watched index showed that underlying consumer prices had increased the least in the past 15 months, making it possible for the Federal Reserve to reduce in...

The cryptocurrency market is constantly changing. It all began with Bitcoin and has now expanded to include a wide range of digital tokens. One area of growing interest in the crypto community is AI-based cryptocurrencies.     The combination of blockchain and artificial intelligence (AI) has given rise to AI-based cryptocurrencies. This integration has allowed the crypto community to take advantage of both technologies. All of these new crypto tokens have incorporated AI features in one form or another.     Typically, AI cryptocurrencies are used for transactions within their native blockchain network. However, over time, people have come to recognize the potential of AI crypto to create a dynamic environment while also automating and speeding up transactions.     With the massive amount of data present in the world, it is challenging for individuals to sift through it all. Artificial Intelligence (AI) can simplify this task by filtering out ir...

  An analyst claims that the sentiment surrounding cryptocurrency is extremely excited, despite Bitcoin being priced below $22,000. However, they also assert that there have not been any significant trend lines broken yet.   Over the weekend, the price of Bitcoin (BTC) tickers decreased and approached $22,000. Despite this, traders and analysts have advised against having excessively negative sentiment, and instead suggested caution.   Analyst dismisses "hysterical" crypto sentiment According to data from Cointelegraph Markets Pro and TradingView, the BTC/USD saw small increases on February 12th.   : Bitcoin had hit three-week lows in the previous week, but it became a target for whales looking to take advantage of the situation, as explained by on-chain analytics resource Material Indicators.     Material Indicators provided a chart from the BTC/USD order book on Binance, which showed the resistance moving higher. This could lead to a poten...

The recent rise in the number of Bitcoin wallets holding a non-zero balance of the cryptocurrency has reached a new record high. This suggests that despite the bear market in 2022 and a challenging global economic outlook for 2023, the adoption of the world's first and largest cryptocurrency by market capitalization is still increasing. Data presented by crypto analytics firm Glassnode showed that on January 8th, 2023, the number of Bitcoin addresses with a non-zero balance rose above 43.8 million for the first time, surpassing the previous record high of 43.76 million which was reached in mid-November 2022. Source: Galssnode Bitcoin New Addresses The growth in the number of Bitcoin wallets with a non-zero balance is a positive sign for the cryptocurrency. It indicates that more and more people are acquiring and holding Bitcoin, leading to an increase in the overall adoption of the digital currency. Despite the challenges that the cryptocurrency market faced in 2022, the steady g...

Bitcoin, the world’s first decentralized cryptocurrency, has been on a wild ride since its inception in 2009. Despite its tumultuous history, Bitcoin has managed to gain a significant following, with many investors and enthusiasts seeing it as a valuable investment opportunity. In recent years, Bitcoin has experienced explosive growth, with its price reaching new highs and attracting more attention from mainstream investors.   One of the most prominent voices in the Bitcoin community is PlanB, a quant analyst who is widely respected for his in-depth analysis and accurate predictions. PlanB is widely known for his Stock-to-Flow (S2F) model, which he uses to predict the future price of Bitcoin. The S2F model is based on the idea that the scarcity of Bitcoin is directly proportional to its value, and that the price of Bitcoin will continue to rise as its scarcity increases.   In a recent interview, PlanB stated that he believes that a Bitcoin explosion to $1,000,000 is no...

 Shiba Inu, a decentralized cryptocurrency that has gained popularity in recent times, has become the center of attention due to its rapidly rising value and the community's demand for it to be listed on Binance.   Recently, the Shiba Inu community has started a petition urging Binance, one of the largest cryptocurrency exchanges in the world, to list the token. The community has pointed out the increasing demand for Shiba Inu and the potential it holds to attract more investors.   Shiba Inu has seen a significant rise in value in recent times, with its market capitalization increasing from just $0.00000007 in March 2021 to over $1.00 in May 2021. This rapid growth has led to increased demand for the token, and the community believes that listing it on Binance will increase its visibility and attract more investors.   In addition to the petition, the Shiba Inu community has also taken to social media platforms such as Twitter to make their demands known. ...

Mark Yusko, founder and CEO of Morgan Creek Capital Management, believes that the next Bitcoin bull market could start sooner than expected. He cites the combination of central bank policies becoming more dovish and the anticipation of the upcoming Bitcoin halving as the main factors contributing to the start of this next bull market. Yusko believes that the start of this "crypto summer" could occur in the second quarter of the year. Despite the Federal Reserve being unlikely to cut interest rates anytime soon, the markets tend to anticipate their decisions. Even a slowdown or pause in interest rate hikes is interpreted as a signal that a change is imminent, leading to a positive dynamic among all risk assets, including crypto. In conclusion, Yusko believes that the next Bitcoin bull market will start earlier than most people expect due to the favorable macroeconomic conditions and anticipation of the BTC halving. The start of this "crypto summer" could occur in the...