In the world of cryptocurrency trading, understanding technical analysis is paramount. One of the most influential theories in technical analysis is the Dow Theory, developed by Charles Dow, the founder of The Wall Street Journal, in the late 19th century. Despite being over a century old, the principles of the Dow Theory remain relevant in today’s crypto markets, providing valuable insights into market trends and behavior. In this comprehensive guide, we’ll explore the origins of the Dow Theory, its key principles, and how it can be applied to cryptocurrency trading. The Origins of the Dow Theory Charles Dow (1851–1902) is…
Author: Crypto Flexs
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Posted 1 minute ago In ~ LayerZero co-founder Bryan Pellegrino confirmed late last night that LayerZero Labs employees will not be eligible to participate in the project’s upcoming airdrop and that claiming tokens is strictly prohibited.“We will be making a public announcement about this: All LayerZero Labs employees will have their claims 100% capped and will not be eligible,” said Pellegrino, CEO of LayerZero Labs. wrote At X.He added: “This will be a fireable offence, it has been announced internally for some time and always has been.”LayerZero is an interoperability protocol that aims to provide developers with the ability to…
A widely respected cryptocurrency strategist says one Dogecoin (DOGE) challenger is far ahead of its fellow altcoins. Pseudonymous analyst Cred told his 624,100 followers on social media platform X that he is bullish on frog-themed memecoin Pepe (PEPE). According to cryptocurrency strategists, PEPE is leading the altcoin pack in terms of market structure, with memecoins nearing all-time highs even after last month’s market-wide correction. “PEPE: One of the strongest alts, ahead of other alts by breaking through high range (compared to Bonk and Doge, who are still technically testing their respective resistances).” source: Credit/X As of this writing, PEPE is…
This Mother’s Day, give your mom her favorite gift with a cryptocurrency-backed gift card. To celebrate, 10 lucky winners will receive a $250 e-gift card! Enter to win here.Whether she’s a fashionista, pet lover, or beauty enthusiast, you’ll find plenty of options from top retailers like DSW, Petsmart, and Ulta. Let her indulge in her own passions and treat herself the way she wants to. Make this Mother’s Day a memorable one with the convenience and flexibility of a cryptocurrency-backed gift card.From stylish shoes to pet essentials, these gift cards are the perfect choice to celebrate Mother’s Day in style.DSWDelight…
Digital Chamber, a trade association for the digital asset sector, criticized the SEC for issuing the Wells Notice to Robinhood Crypto. The group said in a statement on May 6 that it was “deeply disappointed and concerned” by the notice. The association also described this as an example of regulatory overreach. The Digital Chamber highlighted continued resistance to the SEC, which it claims is expanding its scope without congressional approval. Congress said it was “actively considering legislation” to clarify its regulatory jurisdiction over cryptocurrencies and accused the SEC of violating this process. To resolve the jurisdictional issue, the Digital Chamber…
One of the interesting problems in designing effective blockchain technologies is, how can we ensure that the systems remain censorship-proof? Although lots of work has been done in cryptoeconomics in order to ensure that blockchains continue pumping out new blocks, and particularly to prevent blocks from being reverted, substantially less attention has been put on the problem of ensuring that transactions that people want to put into the blockchain will actually get in, even if “the powers that be”, at least on that particular blockchain, would prefer otherwise. Censorship-resistance in decentralized cryptoeconomic systems is not just a matter of making…
All 11 spot Bitcoin ETFs saw inflows for the first time since their launch in January. This dynamic was recorded on May 3, according to Bloomberg analyst Eric Balchunas. But he expressed doubts whether that dynamic would happen again. For the first time, 1D flows in all green and no red in Bitcoin Bunch. I’m not going to skyrocket football like some did during the outflow, but I will point out that over 95% of ETF investors held it during a very unpleasant and persistent recession. The same thing will happen next time… pic.twitter.com/3l3uwwmqGy— Eric Balchunas (@EricBalchunas) May 6, 2024…
Posted 1 minute ago In ~ Cryptocurrency wallet developer Exodus Movement announced Monday that it has received approval to list its common stock on NYSE American. The shares, under the symbol EXOD, will begin trading on the platform from May 9.“The NYSE American transaction will allow Exodus to increase its presence within the investor community, increase liquidity, and create greater long-term value for our shareholders,” said JP Richardson, Exodus CEO and co-founder.New York Stock ExchangeThe NYSE, formerly known as the American Stock Exchange (AMEX), serves companies with smaller market capitalizations than the NYSE.EXOD is already listed on the OTCQX market,…
The potential increase could preserve holders’ gains of more than 17.34%. A decrease in MVRV Z-score would nullify the bias and allow MATIC to fall to $0.61. According to IntoTheBlock, Polygon (MATIC) was at the point where 216.94 million tokens were purchased from 31,000 addresses at an average price of $0.73. This was breakeven for these holders, but could be critical for MATIC. At press time, 111,724 addresses were profitable, representing 17.34% of total supply. On the other hand, 501,710 addresses were short of money, a whopping 77.85%. Depending on where the Polygon native token moves, the $0.73 area could…
In the recent XRP lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), the agency privately filed a response to relief, signaling significant progress in the relief phase of the case. This phase focuses on determining potential sanctions the fintech company could face if the SEC succeeds in substantiating claims that Ripple conducted unauthorized securities transactions involving the XRP cryptocurrency. Ripple Vs. SEC: Detailed schedule and upcoming events James K. Filan, a former defense attorney who closely monitored the case, said: updated The XRP community responded via This document has not yet been made public. Public revisions will…