U.S. EIA Heating Oil Inventories for the Week Ending July 18

Dogecoin (DOGE) breaks record: Growth is dazzling! New wallets created on the Dogecoin (DOGE) network have increased by 1100% in the past week. New wallets created on the Dogecoin (DOGE) network have increased by 1100% in the past week. New trends continue to emerge in the cryptocurrency market. Airdrops, standards, and blockchains attract crypto investors. The BRC20 and DRC20 standard have increased network activity on Bitcoin and Dogecoin. Dogecoin, in particular, broke the record. According to data shared by crypto analyst Ali Martinez, the number of new wallets created on the Dogecoin network last week is 1100% According to on-chain data, January was a fruitful month for the Dogecoin network. The number of new wallets created on the Dogecoin network increased by 1,100%. According to Martinez, 247,240 new DOGE addresses were created on Jan. 29 alone. This was recorded as a record for the number of new wallets created in a day on the Dogecoin network. The previous record was set on December 16, 2013. On that date, 163,040 new wallets were created on the Dogecoin network. The continuous expansion of the network expansion has excited DOGE investors. Investors, who are waiting for the memecoin hype to start again and DOGE to lead the trend, are following the on-chain data. DOGE has achieved a trading volume of $400 million in the last 24 hours. The popular memecoin has a market cap of 11.5 billion. # Doge. # # Sats. #R. # Gxa. #Babydoge. Zeta. # Gate Post Highlights # # ContentStar # # HotTopicDiscussion#

#Will Bitcoin eco-tokens surge amid the upcoming halving?# How many dollars will Bitcoin be after a halving? Five different BTC price predictions There is almost a week left until the halving event, in which the rewards will be halved in the Bitcoin blockchain, the ancestor of cryptocurrencies. There is almost a week left until the halving event, in which the rewards will be halved in the Bitcoin blockchain, the ancestor of cryptocurrencies. Although BTC has reached an all-time high of $73,000 since the beginning of the year, uncertainty about the post-halving continues. In this content, we have included BTC price predictions of major financial institutions and experts for the upcoming period. One-and-a-half-year Bitcoin forecast from Standard Chartered At the beginning of the year, UK-based financial giant Standard Chartered shared a report assuming that the SEC would approve spot Bitcoin ETFs. The giant bank expects inflows of between $50 billion and $100 billion into spot ETFs over time. The bank referred to the significant rise in the ounce gold price with the listing of gold ETFs. In a research report shared at the beginning of 2024, Standard Chartered predicted that the price of Bitcoin will reach the level of $200,000 by the end of 2025. Anthony Scaramucci expects BTC to quadruple after halving Famous investor Anthony Scaramucci opened his mouth after a long time in February. The SkyBridge Capital founder stated that he expects a rally in Bitcoin and altcoins. Since then, BTC has broken an all-time record, but the expected rises in altcoins have not been seen. Scaramucci commented that the price of Bitcoin will quadruple after the halving: "Let's say we're at $50,000 in April, then $200,000 would be a result. Let's say we're at $60,000, it will be $240,000 after the halving."  JPMorgan's upside-down Bitcoin commentary Banking giant JPMorgan, which has an important place in the history of US finance, has a different opinion, unlike other analysts. JPMorgan shared its negative expectation for the post-halving in its report shared at the end of February. Bank analysts are of the opinion that the potential increase in the cost of production of miners and the post-halving euphoria will weaken. JPMorgan predicted that the price of Bitcoin could fall to as low as $42,000 after the halving. Matrixport: "We are in the middle of a bull cycle" Matrixport believes that Bitcoin is still in the midst of a bull market cycle that will peak and that prices will continue to rise before the next major bear market begins in 2024. The report cites Bitcoin's scarcity and institutional adoption as the main drivers of future price increases; because only 21 million Bitcoins can be produced in total. Matrixport has set its average price prediction for the end of 2024 at $125,000. According to calculations, in the most optimistic scenario, the BTC price could reach $216,000 by the end of 2024. Tim Draper expects a bullish trend in BTC Well-known venture capitalist Tim Draper believes that Bitcoin will triple in value by 2024 due to increased inflows into spot exchange-traded funds (ETFs) and the upcoming Bitcoin halving event. In an interview with Cointelegraph during Paris Blockchain Week, Draper reiterated that Bitcoin's value will increase drastically, taking into account several factors. Recalling his previous price predictions for 2022, Draper said, "If I had to guess, maybe we could see $250,000 by the end of the year; And that looks pretty good," he said. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger#

#BTC spot ETF approved, bullrun next?# Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years Bitcoin Expected to Hit $150K Short-Term, $500K Possible Long-Term The head of research at Fundstrat, an independent financial research boutique, Tom Lee, shared his view on the bitcoin price outlook in an interview with CNBC on Wednesday. Replying to a question about what the price of bitcoin will be in one year and five years, he said: In August last year, Sean Farrell, who leads digital asset strategy at Fundstrat, predicted a significant price increase for bitcoin following the launch of a spot ETF. He reasoned that the daily demand for bitcoin “will reach $125 million, while daily supply is only $25 million,” emphasizing: “The implicit equilibrium price would need to increase so that daily supply matches daily demand. Equilibrium analysis suggests a clearing price of $140,000 to $180,000 before the halving in April 2024.” On Wednesday, Rich Dad Poor Dad author Robert Kiyosaki joined the chorus of bullish BTC predictions, echoing Lee’s forecast of a $150,000 bitcoin price tag. Meanwhile, Standard Chartered projected a possible $200,000 BTC price by 2025 fueled by the recent approval of spot bitcoin ETFs. Meanwhile, Ark Invest CEO Cathie Wood expects spot bitcoin ETFs to attract significant institutional investment, further propelling BTC “much higher.”#ContentStar#

Standard Chartered maintains BTC price targets for 2024 and 2025 Last month, Standard Chartered raised its price forecast target BTC the end of 2024 to $150,000 from its previous forecast of $100,000. The bank said the price could even reach $250,000 at some point in 2025 if strong inflows into its spot Bitcoin ETF continue and/or forex reserve managers start buying BTC this year. Kendrick continues to maintain these BTC price prediction targets for 2024 and 2025. "Now it's possible that it's going to take some time. "But as we get closer to Trump's election victory, I think a hard rally from September to the end of the year is possible." #ContentStar# #HotTopicDiscussion# #BountyCreator# #GateioBountyCreator#

#Bitcoin Post-Halving: Pump or Dump?# Runes Period Started in Bitcoin, New Tokens Entered the Market With the completion of the fourth halving on the Bitcoin blockchain, a new protocol called Runes has also been launched. Developed by Casey Rodarmor, the inventor of the Ordinals protocol, Runes was designed as an alternative to the BRC-20 standard. Runes allows users to mint new tokens on the Bitcoin blockchain. However, unlike Ordinals, these tokens are more like meme coins than NFT. The first project created in the Runes protocol was Rodamor's own project, UNCOMMON•GOODS. Within a few hours of the halving, hundreds of Runes projects were prepared. According to Runealpha data, Runes users have paid 259 Bitcoin ($16.3 million) worth of transaction fees so far. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger#