The widely followed analyst and trader is taking a bullish stance on large-cap altcoins amid the broader cryptocurrency market rally. The analyst, who goes by the pseudonym Pentoshi, told his 809,700 followers on social media platform In the weekly time slot, Pentoshi shares a chart that suggests Solana has formed a double bottom pattern, a technical analysis structure that is generally considered bullish when buyers step in to prevent an asset from hitting new lows. Source: Pentosh/X Solana is on the verge of clearing resistance around $204, where it has been weak since 2022, according to a widely respected analyst.…
Author: Crypto Flexs
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Shiba Inu (SHIB) has rebounded more than 11% this week, reviving its price trajectory and sparking speculation as to whether it could reach the crucial $0.000021 level in the coming days. Currently trading at around $0.00001936 and with a market cap exceeding $11.4 billion, the altcoin’s recent upward momentum has captured the attention of the cryptocurrency community. After rebounding from the $0.00001760 support level, the token passed the resistance point, reinforcing strong buyer interest. Moreover, chart indicators show a possible breakout scenario as SHIB challenges immediate resistance near $0.000021. As the 50-day and 200-day moving averages converge, speculation is increasing…
Louisa Crawford 6 November 2024 16:26 NVIDIA unveiled new AI and simulation tools, including the Isaac Lab framework, to advance humanoid robot development at the Robot Learning Conference in Munich. NVIDIA has announced a new suite of AI and simulation tools to accelerate humanoid robot development, according to NVIDIA. The announcement was made at the Conference on Robotic Learning (CoRL) in Munich, Germany and demonstrates NVIDIA’s commitment to empowering robotics developers. Revolutionizing robotic learning with Isaac Lab A highlight of NVIDIA’s announcement is the general availability of NVIDIA Isaac Lab, an open source robot…
A bullish pennant pattern and major resistance at $6.75 indicate potential upward momentum. On-chain data showed cautious optimism with high NVT signaling strong speculative interest. Render (RNDR) We are at a critical juncture where we need to break from a long downtrend and capitalize on bullish momentum. At press time, RNDR was trading at $5.41, up 6.16% from the previous day. This momentum, combined with a bullish pennant formation, could push RNDR above the key resistance level of $6.75. If successful, RNDR could target the $10-$15 range. But will this rally continue or will resistance remain firm? Is RNDR ready…
lawrence jenga 10 November 2024 14:06 Polygon (MATIC) Labs and Coinbase held a roundtable in Brussels to discuss DeFi policy in the EU, focusing on regulation, innovation, and market fairness. In an effort to shape the future of decentralized finance (DeFi) regulation in the European Union, Polygon (MATIC) Labs and Coinbase held a significant roundtable in Brussels last July. According to Polygon Technology, the collaborative event brings together participants from the public and private sectors, including industry experts, academics, researchers, and policymakers, to address key policy questions surrounding DeFi. The need for DeFi regulation…
Privacy advocate and former National Security Agency (NSA) contractor Edward Snowden spoke about decentralization while attending Near’s Redacted conference in Bangkok, Thailand.While speaking on topics such as cryptocurrency, artificial intelligence, and blockchain technology, Snowden also spoke about the influence of venture capital (VC) on blockchain projects, citing Solana as an example.He described Solana as “born out of prison” due to massive VC funding, suggesting that financial backing could hinder the blockchain network’s ability to operate independently.While Snowden acknowledged Solana’s rapid growth, he expressed concern that too much ownership had been transferred to investors. But he did note that Solana could…
November 8 Mobile App Change Log 7.4.0 Latest updates and optimizations for the Bitfinex mobile app We are pleased with the gift Version 7.4.0 Bitfinex mobile app The latest update to the Bitfinex mobile app includes general improvements. You can also download the latest version of the Bitfinex mobile app from: Android application package (APK). Leave a review on the App Store Bitfinex Mobile User App Survey! The changes below have been suggested by our active customer base. Customers’ feedback is very valuable to us. improvement SCROLL and USDTAPT icons added.Removed the top white line from the navigator. correction Fixed…
Tony Kim 10 November 2024 15:10 Uniswap (UNI) invites the cryptocurrency community to participate in the v4 Address Mining Challenge, giving them a unique opportunity to influence distribution addresses before their official launch. Uniswap (UNI), a leading decentralized exchange protocol, has announced an exciting opportunity for the cryptocurrency community with the v4 Address Mining Challenge. This initiative invites participants to contribute to the final steps before the release of Uniswap v4 by helping to select distribution addresses according to the Uniswap protocol. Challenge Details The Uniswap v4 Address Mining Challenge started on November 10,…
The price of Bitcoin (BTC) surpassed $80,000 for the first time in history, just days after Donald Trump was re-elected in the U.S. presidential election, and its market capitalization exceeded $1.5 trillion.On November 10, the top cryptocurrency rose nearly 4.50%, reaching an inflation-adjusted high of $80,116 (Bitstamp data). Smaller tokens also rallied, including Ether (ETH), Dogecoin (DOGE), and Cardano (ADA).BTC/USD daily price chart. Source: TradingViewDuring his election campaign, Trump pledged to position the United States as a leader in the cryptocurrency industry, further suggesting developing strategic Bitcoin reserves and appointing a cryptocurrency regulator. Since his win on November 6, Bitcoin…
The Ethereum Foundation (EF) released its annual financial report this morning, revealing its significant holdings and commitment to transparency and long-term sustainability. Ethereum Foundation Holdings As of October 31, 2024, EF disclosed that the Treasury held approximately $970.2 million, of which $788.7 million was in cryptocurrency assets and $181.5 million was allocated to non-cryptocurrency investments and assets. Notably, nearly 99.45% of EF’s cryptocurrency holdings are in Ethereum (ETH), which accounts for 0.26% of the total ETH circulating supply. In the report, EF highlighted its conservative financial management policies designed to overcome market volatility and ensure resource availability during prolonged market…