For many, Tuesday was the first day of the new week because of Easter Monday last Monday. Tuesday immediately brought a nice start to the week for crypto investors; the Bitcoin price rose above $ 30,000 for the first time in a long time.
That it has reached this milestone again was already expected by several analysts. The technical indicators have been giving positive signals for a while and that has now paid off in significant price increases.
For the active cryptocurrency traders, this also means that they immediately reconsider whether Bitcoin is still the best investment, or whether the value is better transferred to a lesser-known cryptocurrency that can rise even more.
Bitcoin Price after long stabilization on the way up again?
For anyone who reopened their crypto portfolio after recovering from Easter, it will have been a welcome surprise. Bitcoin’s value has risen sharply in recent days, taking almost the entire market with it in its wake.
The question is therefore immediately whether this was a small revival, or whether we are at the beginning of a new bull run in which Bitcoin can break the previous record of around $ 70,000.
The answer to that question depends on so many things that it is difficult to predict. For example, everything is happening in the traditional financial markets right now that can affect the prices of cryptocurrency.
In addition, more and more governments and regulators are investigating crypto companies. More and more investigations are being launched into crypto companies, especially in the United States, and lawsuits against major crypto coins have been pending for years.
The problem for these regulators with Bitcoin is that, of course, there is no company behind this. For more than 10 years, the cryptocurrency has shown how strong and uncrackable the technology is, making it difficult for governments to regulate.
Where there is an opportunity for governments is to ban Bitcoin mining. China already took this step a few years ago and if more countries follow this example, the Bitcoin network will have more and more trouble keeping up-to-date.
All these developments are therefore important to keep an eye on if you want to know a little about how the Bitcoin rate continues to unfold.
Love Hate Inu also hits milestone: $3 million
One new crypto coin that is catching the eye of investors is Love Hate Inu, a meme coin featuring the famous Shiba Inu dog. Unlike Dogecoin and Shiba Inu, however, Love Hate Inu offers real application in the online world.
With the Love Hate Inu platform you can create polls in which you can choose from two options for each poll: Love or Hate. The polls are often about famous people like Donald Trump or Elon Musk, but in the end they can be about anything.
The project is only available in a presale for a few weeks, but the idea is so appealing that $ 3 million has already been invested. Not surprising, because the tokens can become very popular in a short time.
The tokens are not only for sale in a presale, but will also be distributed later to everyone who responds to the polls. It is the first time that a crypto project offers such a Vote-to-Earn mechanism.
At the moment the tokens only cost 0.000105 USDT each, but this will rise to $0.000115 within 3 days. Ultimately, once the token launches after the presale, the token will cost $0.000145.