According to widely followed cryptocurrency analyst TechDev, Bitcoin’s (BTC) current market structure looks similar to 2017, shortly before its massive 1,200% rally compared to its previous record high of $20,000. The anonymous analyst shares with his 450,000 followers on social media platform TechDev’s chart highlights that the collapse of two major cryptocurrency exchanges led to both bear markets bottoming out, followed by repeated rallies and consolidation phases. “The more things change, the more they stay the same.” Source: TechDev/X A look at the traders’ charts seems to suggest that BTC is currently in a consolidation phase similar to 2017, when…
Author: Crypto Flexs
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Ethereum price began a downward correction in the $3,150 area. ETH is holding on to its gains and may start another hike from the $3,000 support. Ethereum began a downward correction after the Bears defended $3,150. The price is trading above $3,000 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bearish trend line connected to the resistance at $3,080. Unless the pair closes below the $3,000 support, it could start a new increase. Ethereum price is holding steady The price of Ethereum, like Bitcoin, stabilized above the $3,000 level and then…
index Over the past decade, cryptocurrency has developed into one of the fastest growing industries in the world. This focused the attention of the authorities, and as a result SEC Cryptocurrency Crackdowns on large cryptocurrency companies are increasing. The most recent victim is Uniswap (UNI)and Cardano (ADA)Because it is a smart contract platform, it is not exempt from the legal glare. As a result, both resulted in some inconsistencies. UNI and ADA price, paving the way HOT NEW TOKEN In ~ Labu. Labu It’s a groundbreaking new project that unlocks the moon’s enormous potential. It is currently in pre-sale phase…
Carlo RW de Meijer, independent economist and owner of De Meijer Independent Financial Services Advisory (MIFSA), provided an in-depth analysis of Ripple’s upcoming stablecoin launch in a recent article for Finextra. De Meijer, who has nearly 40 years of experience at institutions including ABN, ABN AMRO and the Royal Bank of Scotland, describes the initiative as a potential “game changer” for both the cryptocurrency sector and traditional finance (TradFi). On April 4, Ripple announced plans to introduce a stablecoin pegged 1:1 to the US dollar, aiming to make a significant advance in bridging traditional finance (TradFi) and decentralized finance (DeFi).…
Welcome to Finance Redefine, a newsletter designed to bring you the most important developments of the past week. A newsletter delivering essential decentralized finance (DeFi) insights every week.Last week in DeFi, the Tornado Cash developer was found guilty of money laundering. Alexey Pertsev was sentenced to more than five years in prison. In other news, Binance finds an antidote to infamous address poisoning scam, Polymarket raises $70 million with investments from Vitalik Buterin and Peter Thiel, DeFi faces difficult future in European Union there is.Tornado Cash developer found guilty of money launderingAlexey Pertsev, developer of cryptocurrency mixing protocol Tornado Cash,…
Tokyo, Japan, May 20, 2024, GamingWireIn a significant development for gaming and soccer fans, the blockchain version of the beloved Japanese soccer manga series Captain Tsubasa has been officially launched on gaming-focused blockchain Oasys.Developed by Mint Town, Co., Ltd. and BLOCKSMITH&Co., a subsidiary of mobile gaming giant KLab Inc., Captain Tsubasa -RIVALS- offers an immersive experience that allows players to foster and collect NFTs of characters from the original series.Mint Town, Co., Ltd. “We are very excited to bring Captain Tsubasa -RIVALS- to Oasys’ high-performance gaming blockchain, giving fans around the world a new way to experience one of Japan’s…
Binance Square Launches ‘Make Money Through Writing’ CampaignBinance Square, previously known as Binance Feed, has launched a new promotion called ‘Write to Earn’. This initiative allows Binance Square creators to earn a 5% trading fee commission on spot, margin or futures trades performed by their readers. The promotion period is from May 20, 2024 to July 14, 2024.Eligibility and ParticipationTo participate in this promotion, Binance Square creators must meet certain requirements. This includes completing account verification, setting up a Binance Square profile, and publishing at least seven posts of at least 200 characters in the…
The price of XRP may drop to $0.48 after numerous holders sell their tokens. Volatility is surging and network activity is sluggish, showing signs of recovery. After analyzing data from Santiment, AMBCrypto determined that addresses with between 100,000 and 1 million XRP are shredding the number of tokens held in their wallets. At press time, on-chain data showed that a group of 100,000 to 1 million people currently holds 11.01% of the total XRP circulating supply. It was also found that the 10,000 to 100,000 group accounted for 11.27% of the decrease in address balance. XRP begins its downward path…
Bitcoin price continued its upward trend above the $67,500 resistance level. BTC has tested the $68,000 resistance and is currently correcting to the upside. Bitcoin began a downward correction after rising towards the $68,000 resistance zone. The price is trading below $67,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred below the connecting bullish trendline with support at $65,900. Unless the bears break below $65,900, the pair could begin another rally. Bitcoin price downward correction begins Bitcoin price remained stable above the $66,500 level. BTC extended…
Cryptocurrency prices saw a modest rally last week as investors embraced risk sentiment in financial markets. Bitcoin surpassed $67,000 for the first time in over a month. Beatbot We continued our token sale, raising millions of dollars. This article focuses on BitBot, Floki, and Arweave. Arweave price prediction Arweave It is one of the largest companies in the Web 3 industry with a market capitalization of over $3 billion. We are disrupting the online storage industry by providing persistent storage solutions for developers. Developers can also use Warp technology to launch smart contracts that process transactions within seconds. Arweave’s price…