$140K BTC Price on the Table!

A number of analysts predict that Bitcoin's price could see massive growth in the coming months.

Author

Danielle du Toit
April 08, 2024

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Here's what we've got for you today:

  • Technical Indicator Hints at BTC Doubling to $140K in 3 Months

  • Ripple CEO to Spotlight Future Directions at Paris Blockchain Week

  • Base Hits $4B TVL as Monthly Txs Outstrip Ethereum and Arbitrum

  • Etherscan Ads Behind Massive Phishing Campaign

The crypto market is currently buzzing with optimism, fueled by predictions of massive growth in Bitcoin's value in the coming months.

  • Pseudonymous analyst TechDev predicts that BTC’s value could double to around $140,000 in the next three months, as BTC closed two consecutive months above the upper Bollinger Band, a trend that in the past caused the price of the crypto to double in the three months that followed.

  • Dylan LeClair, a senior analyst at UTXO Management, is optimistic about Bitcoin's future, suggesting it is unlikely to drop below $50K any time soon.

  • The CEO of SkyBridge Capital is also bullish on the crypto king and predicts that Bitcoin could hit $170,000 during its current cycle.

At the upcoming Paris Blockchain Week, Ripple's CEO, Brad Garlinghouse, will discuss the company's future direction.

  • Garlinghouse and XRPL Commons President David Bchiri are scheduled to speak at Paris Blockchain Week on Apr. 9 at 2:20 p.m. CET.

  • Their discussion will mainly focus on how Ripple and the XRP Ledger can unify traditional finance with the emerging decentralized finance (DeFi) sector.

  • Ripple has achieved a few milestones in 2024 already, including the launch of a USD-pegged stablecoin on both the XRP Ledger and Ethereum.

The TVL of Coinbase's Ethereum layer-2 blockchain, Base, experienced a 13.2% increase over the past week.

  • Base has seen its TVL jump past $4 billion for the first time, with its 30-day transaction volume surpassing that of Ethereum and its leading competitor, Arbitrum.

  • Base is currently ranked as the third largest Ethereum layer 2 in terms of TVL, positioned about $1.4 billion ahead of its closest rival, Blast, and $3.5 billion behind Optimism, the second-place holder.

  • Base is the only layer 2 of the top 5 by TVL to have posted a gain in the past week.

A number of ads on the Ethereum blockchain explorer Etherscan have been identified as part of a major phishing campaign that is actively targeting Etherscan users.

  • On Apr. 8, X community member McBiblets identified some advertisements on Etherscan as wallet drainers.

  • Investigations led by Web3 anti-scam platform Scam Sniffer revealed that these phishing ads were found across popular search engines like Google, Bing, and DuckDuckGo, as well as on X.

  • The notorious phishing group Angel Drainer is believed to be behind this widespread phishing campaign.

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