September has historically been a bearish month for crypto markets, often signaling a difficult Q3. With this week’s erratic price action, experts expect additional volatility. In this uncertain environment, seasoned analysts provide the strategic insight needed to navigate the turbulent conditions of the cryptocurrency markets. Analysts Share Altcoin Trading Strategies Miles Deutscher, a prominent crypto analyst, advises traders to target “quality altcoins” during significant declines. Deutscher defines quality as a strong narrative and relative strength against the broader market. He recommends sectors that are expected to see momentum as retail investors return. These include real-world assets (RWA), artificial intelligence (AI),…
Author: Crypto Flexs
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Bitcoin (BTC) re-targeted $60,000 on August 29 as the market broke out of a new wave of impulsive selling.BTC/USD 1-hour chart. Source: TradingViewBinance sells 45,000 BTCAccording to data from Cointelegraph Markets Pro and TradingView, BTC price action coincided with a two-week low of $57,900 on Bitstamp before bouncing back.BTC/USD came under pressure the previous day, with market participants attributing the weakness to spot selling by the world’s largest exchange, Binance.Source: MartyPartyThe exchange has been embroiled in controversy over Palestinian users’ funds, with sell-offs particularly high during U.S. trading hours.According to data from monitoring resource CoinGlass, Binance’s BTC balance has been…
Kaia Announces Mainnet Launch with LINE’s NEXT WEB SDK, Accelerating Consumer Adoption – Chainwire housenewsroomKaia Announces Mainnet Launch with LINE’s NEXT WEB SDK, Accelerating Consumer Adoption We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications via…
Kaia, a layer 1 blockchain launched by two of Asia’s largest messenger apps, announced its mainnet launch on Wednesday at 10 p.m. ET.According to a press release, “Kaia mainnet is scheduled to launch on August 29th and is the world’s fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from top Web3 partners in Asia, including Kakao and LINE NEXT.”Kaia was released in April. merger Kakao’s Klaytn and Line’s Pincia. Kakao operates a messenger app used by 96% of Koreans, while Line is the dominant messaging platform in Japan, Taiwan, and Thailand. According to a press release, the…
Aptos’ latest move aims to facilitate network activity via Bitcoin. APT’s strong recovery makes August more likely to end in the green. Aptos has been busy expanding its DeFi ecosystem to leverage more organic growth. In fact, its latest announcement highlights its plans to leverage more opportunities through Bitcoin. Aptos announced that Bitcoin holders can now connect their BTC to the blockchain thanks to a new collaboration with Echo Protocol. This collaboration will allow Echo to be launched on Aptos. Thanks to this development, Bitcoin holders will be able to exchange their BTC for aBTC, which can then be used…
After several days of price gains, some altcoins seem to be losing some momentum. Binance Coin (BNB) is struggling to break the $550 support level. Meanwhile, Tron (TRX) is maintaining its bullish momentum and is preparing to turn the next resistance level into support. At the same time, interest is growing in Intel Markets (INTL), a new blockchain-based project that aims to reshape cryptocurrency trading. The project is integrated with one of the most disruptive innovations of this century, AI, making it a new DeFi project to keep on your radar. Intel Markets (INTL): Revolutionizing the Global Cryptocurrency Trading Scene…
Louisa Crawford 29 Aug 2024 07:59 BNB Chain announces a new Bridge, enhancing cross-chain interoperability with partners Celer, deBridge, and Stargate. The initiative aims to streamline transactions and enhance DeFi. BNB Chain has announced the launch of BNB Chain Bridge, a major milestone in cross-chain interoperability. According to the BNB Chain Blog, this development, achieved in collaboration with leading cross-chain technology partners Celer, deBridge, and Stargate, aims to improve cross-chain connectivity, liquidity, and user experience on BNB Chain.Key BenefitsNavigating multiple bridges and tokens has long been a challenge for cryptocurrency users. BNB Chain Bridge…
Hong Kong has launched a sandbox for its wholesale central bank digital currency (CBDC) project, Project Ensemble, as it moves a step closer to testing tokenization within the traditional financial industry.Wholesale CBDCs are intended primarily for use by financial institutions rather than the general public. Unlike retail CBDCs, which are designed for everyday transactions, wholesale CBDCs are used for interbank settlements and large-sum payments.The Hong Kong Monetary Authority, the de facto central bank, announce The sandbox was announced on Wednesday and detailed that it would initially focus on four areas: fixed income and investment funds, liquidity management, green and sustainable…
A prominent crypto trader believes altcoins may be in a peak accumulation phase, pointing out a buy signal that hasn’t occurred at such low levels in the past three years.“Altcoins are currently at a ‘sell your house, buy more’ level,” cryptocurrency trader Luke Martin told his 331,500 followers in an Aug. 28 post.The last time an alts buy signal came close to this level was in January 2021. Source: Luke MartinThe “Altcoin Buy Signal” chart informs traders whether the entire altcoin market is at a buy point based on historical data. Martin said that when Bitcoin (BTC) was at these…
Meet Samuel Edyme, aka HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is a multi-talented individual. With a flair for words and a sense of trends, he has written for numerous industry publications including AMBCrypto, Blockchain.News, and Blockchain Reporter. Edim’s entry into the crypto world was nothing short of a movie. His journey began not with successful investments, but with fraud. Yes, a Ponzi scheme using cryptocurrencies as a means of payment drew him in. Instead of retreating, he emerged wiser and more determined, concentrating his experience on more than three years of insightful market analysis. Before Edyme…