Beldex

SKALE

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/february-outlook-potential-price-movements-for-beldex-and-skale-cryptocurrencies" rel="noopener noreferrer nofollow">February Outlook: Potential Price Movements for Beldex and SKALE Cryptocurrencies</a><br></p>
<p style="text-align: justify">As February approaches, the cryptocurrency market anticipates potential price movements following the Federal Reserve’s interest rate decision. Two lesser-known cryptocurrencies, Beldex (BDX) and SKALE, are expected to undergo significant developments that could impact their market prices.</p>
<h2 id="beldex-s-february-forecast">Beldex’s February Forecast</h2>
<p style="text-align: justify">Beldex, the 228th largest cryptocurrency with a market cap of $273 million, is set to execute the Bern Hardfork on February 4. This update includes the Beldex Naming System (BNS) and a shift to a deflationary protocol with a burn mechanism, which may lead to a price increase. BDX has been forming a descending triangle since November 2023, suggesting a potential breakout. A positive market sentiment and an end to <a href="https://en.bitcoinhaber.net/impending-approval-of-spot-bitcoin-etf-a-game-changer-for-crypto-investments" rel="noopener noreferrer nofollow">Bitcoin</a>‘s correction could see BDX gain around 30%, while a negative breakout might result in a 30% loss.</p>
<h2 id="skale-s-february-developments">SKALE’s February Developments</h2>
<p style="text-align: justify">SKALE, ranked within the top 150 cryptocurrencies, will announce SKALE Chain payments on February 1. The network aims for a $1 billion annual payment target at 70% network load, which could boost validator hardware profitability and network interest. The RSI indicator supports the possibility of a price rise for SKALE.</p>
<p style="text-align: justify">Should the optimistic scenario play out, SKALE might overcome the $0.1 psychological resistance. Conversely, a negative turn could see a 45% decline to $0.041. The cryptocurrency market remains unpredictable, and while these forecasts provide insight, actual outcomes may differ.</p>
<p style="text-align: justify">Readers interested in the detailed analysis and price predictions for Beldex and SKALE can find more information on COINTURK NEWS.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/february-outlook-potential-price-movements-for-beldex-and-skale-cryptocurrencies" rel="noopener noreferrer nofollow">February Outlook: Potential Price Movements for Beldex and SKALE Cryptocurrencies</a></h5>

February Outlook: Potential Price Movements for Beldex and SKALE Cryptocurrencies

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