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There has been a lot of talk about highly successful – and often suspiciously successful –  stock market trades made by U.S. elected officials.  Looking at the profits of various members of Congress, this is hardly surprising as, for example, Representative Brian Higgins had a return on investment higher than 200% in 2023, while Representative Nancy Pelosi made ten times her annual salary within four months on a single stock. Still, not all Congresspeople have the same uncanny talent – or uncanny access to insider information as some, including the “Wolf of Wall Street” Jordan Belfort would suggest – and Democrat Sri Thanedar, representing Michigan’s 13th congressional district, might have recently made the worst-timed trade of 2024 out of all his peers. Picked for you Machine learning algorithm predicts SHIB price on March 31, 2024 50 mins ago Avoiding common pitfalls: Essential tips for new trade rs 3 hours ago Crypto open inte...

Cryptocurrency traders usually consider price the leading index for past analysis and future projections. However, tokenomics and supply inflation can drastically impact the price of any asset, and crypto investors can use the market cap as a demand index to evaluate these effects. In this context, Finbold looked at Ethereum (ETH) tokenomics from a capitalization perspective. Public market data from cryptocurrency indexes can demonstrate the effects of increased supply inflation on Ethereum. We calculated the exact price ETH would trade if it ever hits the all-time high market cap. An inflationary supply requires more demand to maintain its value over time. These two factors determine whether a cryptocurrency’s price rises or falls. Ethereum, with its unique tokenomics design, is a prime example of this dynamic. Ethereum had an all -time high market cap of $575.899 billion on November 10, 2021, according to TradingView ’s CRYPTOCAP index. Meanwhile, Ether trade d for as high as $...

How does X (Twitter) impact Bitcoin price? We dive into the science behind the link between Twitter activity and crypto market movements to uncover the facts. Cryptocurrencies can quickly change in price, a characteristic that has both attracted and deterred investors over the years. Twitter and other social media play a significant role in shaping what people think about cryptocurrencies and influencing crypto market trends. Often, tweets from influential figures—industry leaders, tech visionaries, or financial moguls—hold the potential to either bolster or dampen the spirits of crypto investors. The ripple effect of these tweets can sometimes be observed in real time, with significant price shifts following closely on the heels of a notable tweet. Scientists have researched this phenomenon over the years, searching for data-backed insights into the correlation between Twitter activity and crypto market reactions and explaining how the mechanisms work. Let’s navigate focal hig...