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Can RoboApe Token (RBA) Surpass Bitcoin (BTC) In The Next Few Years?

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Can RoboApe Token (RBA) Surpass Bitcoin (BTC) In The Next Few Years?

The events of early May startled crypto investors worldwide, as the Terra Luna collapse saw 18 billion dollars vanish from the market almost overnight, becoming the worst catastrophic event in cryptocurrencies short and illustrious history.

The Federal Reserve System (FED), presently led by Jerome Powell, increased interest rates by 50 basis points in May as a last-ditch effort to contain runaway inflation; it seems, however, to have been too little, too late.

Markets frequently undergo a phenomenon known as a taper tantrum after interest rate increases. Nonetheless, the price volatility experienced by the crypto asset class has exceeded this threshold and marks the beginning of a potentially protracted decline.

Given these gaps in the conventional financial industry, which cryptocurrencies are likely to become market leaders in the next several years?

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RoboApe Token (RBA), a new cryptocurrency token, has the potential to exceed Bitcoin (BTC) in the preceding years for the following reasons. See how below.

Bitcoin (BTC)

Bitcoin (BTC) is presently trading at around $23,000, a decrease of more than 65% from its all-time peak in November 2021, when it was over $69,000.

Bitcoin traded above $40,000 at the beginning of May, and this month has seen a steep decline of more than 70%.

A diabolical cocktail of difficulties from the geopolitical instability and global supply chain disruption with the conflict in Ukraine to increasing interest rates hurting traditional markets, have affected Bitcoin and contributed to the collapse of Terra Luna.

This price volatility has reminded all investors just how rapidly the price of Bitcoin may swing either way. The Fear and Greed Index is now at 11 (Extreme Fear) and is a valuable statistic for gauging the current market attitude, which is currently highly bearish.

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RoboApe Token (RBA)

The RoboApe (RBA) project is a futuristic meme token. RoboApe is a project that realigns the current processes of cryptocurrencies by eliminating team incentives.

RoboApe aspires to be a community-driven venture that offers its customers a variety of investment opportunities to revolutionize the cryptocurrency industry. This differs from the typical humorous form of meme tokens, enhancing their usefulness.

RoboApe (RBA) is a cryptocurrency platform that provides its customers with DeFi, DEX, crypto education, NFTs, eSports, and gaming. The RBA platform gives the community access to smart contracts, the creation of decentralized applications, and continuous development.

RBA is the native token of the platform. It is an ERC-20 meme token that provides investors with several advantages, such as participation in governance and DAO, rewards for holding the token, participation in the minting and trading of NFTs, and incentives for engaging in eSports.

RoboApe is distinguished from other meme tokens on the bitcoin market for the reasons stated.

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RoboApe (RBA) is poised to become the next sought-after commodity, giving customers more investment alternatives while also providing pure entertainment.

Research and portfolio analysis are the most valuable tools for cryptocurrency investing. Indulging both could go a long way toward ensuring long-term profitability.

Join Presale: presale.roboape.io/register

Website: roboape.io

Instagram: https://www.instagram.com/roboape.token

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Twitter: https://twitter.com/ROBOAPE_TOKEN

Telegram: https://t.me/ROBOAPE_OFFICIAL

The post Can RoboApe Token (RBA) Surpass Bitcoin (BTC) in the Next Few Years? appeared first on .

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Bitcoin

Bitcoin: On-chain metrics to consider in this bear cycle before going…

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Bitcoin: On-chain metrics to consider in this bear cycle before going…

The crypto market has had quite a ride this month after bearish waves struck down major cryptocurrencies. The global crypto market capitalization also fell below $1 trillion leading to failing crypto institutions such as 3AC and Celsius. Bitcoin also suffered heavy drawbacks during the period.

BTC reached its lowest levels since December 2020 after dropping below $17,750. Starting the month at around $32,200, the largest-sized crypto has taken a lot of heat and at press time, it was trading at $21,000. The king coin was up by more than 2% in the past day and was just down 0.05% during the week. This was a good signal of recovery after treading through bearish downturns early in June.

Nearing market bottom

On-chain data analytics platform CryptoQuant released the latest update surrounding Bitcoin. It stated that the current BTC price is undervalued. Most on-chain indicators indicate that we are close to a market bottom for Bitcoin.

BTC’s indicator of Net Unrealized Profit/Loss was hovering around -0.06, at press time. This is the initial signal for nearing a market bottom. In the latest crypto crash, there were many addresses that recorded losses when BTC reached the 18-month bottom of $17,744.

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Source: CryptoQuant

According to CryptoQuant, the MVRV ratio has fallen significantly during the current run. At press time, it was estimated at around 0.93, suggesting an undervaluation of BTC.

Source: CryptoQuant

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There was, however, a little spike in Miner’s Position Index but it was still estimated at -0.6. This means that miners are circulating more than their daily distribution in the moving average of the YTD.

Miners have also increasingly offloaded their holdings to exchanges. This can indicate that some miners’ revenue cannot meet the break-even point.

Source: CryptoQuant

For many investors, this is a good time to start accumulating again if they want to recoup their losses. With the regulatory proposal for digital assets already in place in the United States, there is still hope for a bullish surge in the coming months.

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Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.

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Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

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Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

On-chain data shows Bitcoin whales are transferring large amounts to derivatives exchanges right now, a signal that more volatility could be ahead for the crypto.

Bitcoin All Exchanges To Derivatives Flow Continues To Show High Value

As explained by an analyst in a CryptoQuant post, BTC whale activity on derivatives exchanges still seems to be high.

The relevant indicator here is the “all exchanges to derivatives exchanges flow,” which measures the total amount of Bitcoin moving from spot exchange wallets to derivatives.

When the value of this metric spikes up, it means whales are currently moving a large number of coins to derivatives exchanges right now.

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Such a trend usually occurs around lows in the price of the crypto as whales look to get themselves long positions.

Related Reading | Bitcoin Recovery Slows Down As Whale Inflows Remain Elevated

On the other hand, low values of the indicator show whales aren’t moving much coins to derivatives at the moment. This kind of trend has historically lead to tops in the value of the coin.

Now, here is a chart that shows the trend in the Bitcoin all exchanges to derivatives flow over the last couple of years:

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Looks like the value of the metric has been quite high recently | Source: CryptoQuant

As you can see in the above graph, the Bitcoin spot to derivatives flow has spiked up recently, suggesting that whale activity is pretty high right now.

In fact, the current value of the indicator is actually the highest ever in the history of the cryptocurrency, implying there is an all-time high rate of whales on derivatives currently.

Related Reading | Bitcoin May Have Hit Bottom According to These Indicators, BTC Targets $23K?

Historically, the price of the crypto has observed significant volatility whenever the metric’s value has been elevated.

Based on this trend, the quant believes that the value of the coin could still see further fluctuations in the near future.

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The analyst also notes that a reduction in the all exchanges to derivatives flow will need to be there, for the volatility to die down.

BTC Price

At the time of writing, Bitcoin’s price floats around $21.1k, up 4% in the last seven days. Over the past month, the crypto has lost 27% in value.

The below chart shows the trend in the price of the coin over the last five days.

The value of the crypto seems to have surged up over the last couple of days | Source: BTCUSD on TradingView

After hitting a low of below $18k a week ago, Bitcoin has been trying to recover. So far, the crypto has managed to break above $21k again, but it’s yet unclear whether this recovery will last.

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Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Is Bitcoin Like Buying Google Early? Check Out The Shocking Comparison

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Is Bitcoin Like Buying Google Early? Check Out The Shocking Comparison

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Tony Spilotro

I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck – literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn’t yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can’t yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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