A widely respected cryptocurrency strategist has warned that Solana (SOL) rival, which has more than tripled in the past 30 days, is signaling that it may have hit a near-term high. An anonymous analyst known as Altcoin Sherpa told his 205,700 followers on social media platform “Why it looks good:- Consolidation and very optimistic high time frame market structure-Still strong on all time zones-EMA (exponential moving averages) are all catching up and other alternatives also look strong. Why not:- This could be the exhaust pump and the last big move here.-Can rotate from other seasons (SOL/SEI/etc/) to ETH season (also…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage InsideBitcoins regularly provides summaries of: Best Cryptocurrencies to Buy NowConsider recent price/performance ratio. Investors are constantly looking for the best cryptocurrencies to invest in. Cryptocurrency markets provide opportunities for tokens to experience growth and attract investors. In this article, we examine tokens that have the potential to yield significant returns. Additionally, we will analyze the factors driving the rise of these specific cryptocurrencies. Best Cryptocurrencies to Buy Now For many investors, finding cryptocurrencies with growth potential can be a difficult task. However, this article examines potential…
Posted 1 minute ago In ~ The European Council and Parliament have reached a tentative agreement on part of a new anti-money laundering package that would impose stricter rules on cryptocurrency companies. in name Announced on Thursday, the group of policymakers said the new rules would apply to “the majority of the cryptocurrency sector” and would require cryptocurrency companies to conduct due diligence on their customers.Under the tentative agreement, cryptocurrency companies must conduct due diligence if their customers want to process transactions worth at least €1,000 ($1,090). It has also added measures to mitigate risks associated with transactions using self-hosted…
Although Ethereum is a very global community, there is a vast and vibrant web of local grassroots communities within the larger ecosystem. These local community nodes are Schelling Point They serve thousands of Ethereans and are often organized around shared geography, language, or on-site gatherings. It is also a gateway for onboarding thousands of soon-to-be Ethereans through meetups, lectures, hackathons, study groups, and more. This means they are home to numerous opportunities to grow the ecosystem. As such, the Ethereum Foundation is continuously seeking ways to support and learn from local communities. To this end, EF has piloted a “local…
Ethereum price struggled to rise above $2,600 and $2,620. ETH has pared its gains and may struggle to stay above the $2,500 support area. Ethereum attempted a fresh hike, but failed to break above $2,620. The price is trading below $2,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,540. If the bulls protect the support levels of $2,500 and $2,470, the pair will start another increase. Ethereum price revisit support Ethereum price started a new rise above the $2,520 resistance zone. ETH rose…
As a trader at Platinum Crypto Academy, I have been closely monitoring recent developments in the cryptocurrency markets, especially the impact of the newly launched spot Bitcoin exchange-traded fund (ETF) in the US. Ieast. Last week we saw inflows into cryptocurrency-related investment products soar to over $1 billion. This is an important milestone given the context of market evolution. In its latest weekly report, CoinShares revealed that total inflows into cryptocurrency products have increased significantly, reaching $1.18 billion during the period. Although impressive, this figure still falls short of the $1.5 billion recorded in October 2021, when US authorities approved…
When it comes to cryptocurrencies, Bitcoin and Ethereum tend to dominate the conversation. However, there is a new player making waves in the cryptocurrency world: FireRoosterCoin. This relatively new digital currency is quickly gaining popularity and is revolutionizing the way people think about cryptocurrencies. What is FireRoosterCoin? FireRoosterCoin, often abbreviated as FRC, is a decentralized digital currency that leverages blockchain technology to secure and verify transactions. It was created in 2018 by a team of developers who recognized the need for a more efficient and secure cryptocurrency. FRC is designed to be used for peer-to-peer (P2P) transactions, allowing individuals to…
The cryptocurrency market is witnessing a surge in the popularity of the Cosmos (ATOM) ecosystem, with many coins showing strength. Recently, a prominent cryptocurrency analyst highlighted several altcoins within this ecosystem and predicted their potential to skyrocket in the near future. Best Cosmos Ecosystem Coin Cosmos, known for its ambitions to create an interconnected blockchain network, has seen its token, ATOM, reach a significant market capitalization of $3.9 billion. This modular framework simplifies blockchain technology for developers and facilitates seamless communication across a variety of networks. A well-known cryptocurrency trader known by the pseudonym Rekt Fencer shared a list of…
As Bitcoin enters 2024, there is a sense of optimism as the confidence of long-term holders, Bitcoin’s most faithful disciples, is revived. After weathering the storm of the Terra collapse, these “diamond hands” are holding unrealized profits of 55%, a level last seen before the collapse in May. It was a completely groundbreaking shift that portrayed believers ready to ride the wave once again. Bitcoin Long-Term Profitability This newfound confidence is captured by the LTH-NUPL indicator, which measures long-term holding profitability. A return to pre-crash highs suggests that Bitcoin’s core foundations are no longer underwater, and underwater beliefs have been…
The Australian government is actively considering introducing mandatory regulations for high-risk AI development. The move follows growing public concerns about the safety and ethical implications of rapidly advancing AI technology and calls from publishers for fair compensation for premium content used in AI training. The government’s approach is structured around five principles: using a risk-based framework, avoiding undue burden, public participation, consistency with the Bletchley Declaration and prioritizing people and communities in regulatory development. Concerns addressed include inaccuracy in AI model input and output, biased training data, lack of transparency, and potential for discriminatory output. Current initiatives to address AI-related…