POL is consolidating within a bearish channel as bullish sentiment builds despite recent price stagnation. On-chain indicators such as active addresses and stable futures funding ratio support the possibility of a breakout. POL (formerly MATIC) Both crowd and smart money indicators are experiencing notable shifts in market sentiment that signal growing optimism. Herd sentiment is at 0.95 and smart money is at an impressive 3.00. This bullish sentiment, combined with increasing network activity, could lead to significant moves. However, POL’s price action has not yet broken out of the consolidation phase. At press time, Polygon is trading at $0.3636, down…
Author: Crypto Flexs
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Peter Jang October 23, 2024 17:36 Discover Rome’s hidden gems with Julia, an AI assistant based on Microsoft Azure designed to ease tourist congestion and enrich travel experiences. Rome’s rich historical landscape is now more accessible to tourists thanks to Julia, an AI virtual assistant powered by Microsoft Azure OpenAI service. According to Source EMEA, this innovative tool is designed to ease crowding at popular landmarks by directing visitors to lesser-known sites. Introducing Julia: A Virtual Guide Julia is the result of a collaboration between the City of Rome, Microsoft, NTT DATA and Intellera.…
There was a time when meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) were popular. But that time has passed, and new and interesting projects are the trend. One such project is PropiChain (PCHAIN), a new project that has captured the attention of cryptocurrency analysts, predicting a possible 8000x rally. Even if these meme coin giants aren’t performing terribly, this newcomer is likely to surpass them. Dogecoin’s Journey: From Meme to Major Player Despite its humble beginnings, Dogecoin (DOGE) has grown into a strong contender in the cryptocurrency market, hitting an all-time high of $0.73 during the cryptocurrency…
Bitcoin (BTC) price is currently down 3% after a strong weekly gain last week. Here, Bitcoin’s daily chart shows a historically bearish pattern, raising concerns of another retest of the $60,000 level. Bitcoin forms a downward trend every day.Bitcoin’s 2.4% decline on October 21 formed a bearish pattern on the daily chart. A bearish absorption pattern indicates a short-term or long-term reversal, with a success rate of 60-70% depending on other market confirmations. Bitcoin 1 day chart. Source: Trading ViewOver the past seven months, each bearish engulfment pattern near the highs has been followed by a steep correction. The declines…
Mert Mumtaz left Coinbase to found Solana developer tools firm Helius in June 2022. But just a few months later FTX collapsed, taking the price of SOL down 60% with it. Solana had soared to its all-time high of $260 a year earlier, in November 2021, thanks in part to its high-profile champion, billionaire FTX founder Sam Bankman-Fried. Mert the Magnificent in Singapore. (X) But when it became apparent SBF was headed to jail over the $8 billion fraud, many thought Solana might never recover. But if you think Mumtaz was worried about his fledgling company’s future, you’d be wrong.…
Ripple co-founder Chris Larsen is stepping into the spotlight by donating $10 million XRP to Kamala Harris’ 2024 presidential campaign, marking a pivotal moment for the cryptocurrency’s influence in left-wing politics. Why are we doing this when most of the cryptocurrency industry is leaning in the right direction? Ripple has donated heavily to candidates in this election, which has raised some eyebrows. Massachusetts Senator Elizabeth Warren recently commented on the cryptocurrency industry, saying the blockchain space has become more right-wing and liberal. Larsen may try to combat domestic perceptions that Ripple is right-wing and anti-establishment by publicly donating heavily to…
just alvin October 23, 2024 14:03 Bitcoin’s strong security and programmability could make it the foundation of future capital markets, challenging the dominance of Ethereum, according to Bitfinex Securities. Bitcoin (BTC) is increasingly seen as playing a pivotal role in the future of capital markets, according to insights from Bitfinex Securities. With its superior security model and new programmability, Bitcoin is positioned to potentially lead the tokenization trend traditionally dominated by Ethereum. Bitcoin’s Advantages in Security and Programmability Historically, Ethereum has been a leader in real-world asset (RWA) tokenization, with a total RWA value…
Bored Ape (BAYC) Community Meme Coin ApeCoin Surpasses $1 Billion. APE Coin hit its highest price since April, the day after ApeChain fell. Layer-3 volume reaches $2.5 billion in native staking, gaming, and meme trends. ApeCoin (APE), originally issued by Yuga Labs, is up 107% since ApeChain launched on Sunday. This opens up a new utility APE that can now be staked live on-chain in auto-yield mode. A surge in activity on October 20, 2024 contributed to ApeCoin printing massive green candles each day.Yesterday, ApeCoin closed at $1.49, a 71% gain from its opening price of $0.87. On Monday, APE…
Bitcoin (BTC) fell to a one-week low on October 23 in a comeback to support the resolve of tested bulls.BTC/USD 1-hour chart. Source: TradingViewBTC Price Consolidation Fails to Damage Optimism BTC price weakness on Bitstamp is $60,063, according to data from Cointelegraph Markets Pro and TradingView. At the time of writing, BTC/USD is down about 1.5%, adding to existing strength and holding above $69,000 as resistance.While market observers had anticipated this scenario, renowned trader and analyst Rekt Capital suggested that the weekly close would be the key breakpoint for short-term trend strength.He uploaded his weekly chart to“The previous channel top…
One altcoin running on the Ethereum (ETH) network is seeing huge gains following the launch of a new blockchain in the ecosystem. ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection, soared to $1.74 on Monday, a 135% surge in value form Saturday. APE began its rally on Sunday with the launch of Apechain. Apechain, a project led by Yuga Labs, which developed APE, allows for staking of ApeCoin tokens and expands the Bored Ape Yacht Club ecosystem. Elena, a pseudonymous analyst, says: “Apechain facilitates NFT mining, trading, and decentralized apps (dApps)…