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With the leading cryptocurrency eyeing a return to the $100,000 level, one Standard Chartered analyst has apologized for his $120k Bitcoin target, as he says that value “may be too low.” Indeed, the bank’s head of digital assets, Geoffrey Kendrick, had projected the asset to reach a new all-time high as early as Q2. Now, Kendrick has noted that the expectation may actually be underselling what the token is capable of. On Thursday, he noted that the $120,000 milestone looked to be “very achievable.” Yet, amid its recent performance, it may be set to outdo that target price. JUST IN: Standard Chartered Bank analyst apologizes for $120,000 Bitcoin price prediction, says target 'may be too low.' pic.twitter.com/JLcDOPjsK8 — Watcher.Guru (@WatcherGuru) May 8, 2025 Also Read: Bernstein Predicts The Future Of Bitcoin (BTC) And Its Corporate Deployment Standard Chartered Calls Previous $120,000 Bitcoin Target ‘Too Low’ Amid Recent Surge It has been an i...

Shiba Inu surged nearly 280% in March this year on the heels of the Bitcoin halving event. SHIB cooled down in price after that, only to up steam in the charts in November 2024. After Trump won the US presidency, Bitcoin skyrocketed to an all-time high of $93,477. The broader cryptocurrency markets rallied, making leading altcoins hit new yearly highs. Also Read: Shiba Inu: $1,000 Investment in SHIB Turns $400 Million Today SHIB surged nearly 50% after Trump’s victory and is currently trading at the $0.000024 price range. However, leading on-chain metrics and prediction firm CoinCodex forecasted that Shiba Inu could double in price this month. The firm stated that SHIB is consolidating in price and is ready for another leg-up. According to the latest price prediction, Shiba Inu could surge by another 101% by the end of the month. The forecast indicates that the dog-themed token could reach a target of $0.000048 in the indices. The tentative timeline to rise by 101% and double in p...

The Foundation plans to issue $15 million per year in community grants to fund DeFi projects. Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer Uniswap Foundation. According to the September 27 announcement, the second tranche of funding , with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on October 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline for innovation, and aligning incentives for stakeholders of the popular DEX.  Developers explained that over the next year, they plan to build a software development kit for Uniswap V4 and support its subsequent migration, having already received $17.3 million in the first tranche for this target . The Uniswap Foundation team said the funding request was split in two...