XRP has barely managed to break above its 16-month range formation. $0.62-$0.65 is expected to act as a support zone. Ripple (XRP) rose 49.2% from $0.496 on Monday, November 4 to a high of $0.74 on Tuesday, November 12. The symmetrical triangle and imminent breakout predicted in the previous AMBCrypto report have come true. At press time, the previous local highs of $0.62-$0.644 were being tested as support territory by the altcoin. I have defended it so far, but the rejection of $0.7 is painful. Can the bull climb higher? XRP Price Prediction: Indicators Remain Bullish Source: XRP/USDT on TradingView…
Author: Crypto Flexs
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Off The Grid, a battle royale shooter with a hint of blockchain, had an electric debut, with players spinning 9.12 million wallets and processing more than 100 million transactions in its first month. However, Off The Grid’s use of blockchain technology is more of an option rather than a core element. Graphics and gameplay do not run on-chain and NFT in-game items are optional. The game plans to launch a marketplace where you can trade items from Gunz, the Avalanche subnet. The soon-to-be-released GUN Tokens will be an in-game currency that can be used to purchase items and skins. This…
Okay, if you’re like me, this market will give us all the fun we’ve been waiting for. Bitcoin has surpassed $80,000, and we are starting to see signs that this may be the start of a full-fledged bull market and not just another mistake. But this time it’s not just Bitcoin’s problem. Altcoins, institutional movements, and even meme coins are coming together in different-feeling ways. Let’s break down what’s happening and why we think we’re in the midst of one of the most interesting cycles the cryptocurrency industry has ever seen. Bitcoin Major Breakout: Is $200,000 Really on the Table?…
Timothy Morano November 13, 2024 13:43 NVIDIA and SoftBank Corp. are collaborating to strengthen Japan’s AI capabilities, unveiling AI-RAN and supercomputing initiatives to strengthen Japan’s global technology leadership. Strategic partnership between NVIDIA and SoftBank NVIDIA announced a strategic collaboration with SoftBank Corp. in an effort to strengthen Japan’s AI initiatives and strengthen its position in the global technology sector. As reported by NVIDIA Newsroom, this partnership aims to provide significant revenue opportunities to telecom providers around the world. Building an AI supercomputer in Japan At the NVIDIA AI Summit in Japan, founder and CEO…
PayPal USD (PYUSD), PayPal’s US dollar-pegged stablecoin, integrates with LayerZero, an inter-blockchain bridging protocol, to enable transfers between Ethereum and Solana. In a statement on November 12, LayerZero said that PYUSD now allows cross-chain transfers using the Omnichain Fungible Token (OFT) standard. This “enables the seamless transfer of assets between blockchains without relying on users to manage their own tokens.” “It’s a centralized platform like Venmo or PayPal.”source: layer zeroPYUSD’s market capitalization and distribution across both blockchain networks have changed significantly in recent months. On August 26, PYUSD reached a record market cap of $1 billion, with over $660 million…
This article is also available in Spanish. Bitcoin price rose above $88,000. BTC is currently consolidating gains near $90,000 and may decline slightly in the near term. Bitcoin expanded its gains and traded above the $88,000 level. The price is trading above $86,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline attached with support at $85,200. If it stays above the $85,000 area, the pair could continue to rise. Bitcoin price sets another ATH Bitcoin price began a new rise above the $85,000 level. BTC cleared the…
Timothy Morano November 13, 2024 11:54 Offchain Labs is advancing Arbitrum’s scalability by focusing on alternative client solutions such as Reth, Erigon, and Nethermind to improve throughput and efficiency. Offchain Labs is leading efforts to improve scalability, performance, and usability within the Arbitrum ecosystem, the company recently announced. This initiative is part of an effort to address ecosystem feedback about the need for vertical scaling and increased throughput. The company’s latest technology roadmap highlights its commitment to developing innovative solutions such as BoLD, Stylus and Timeboost. These innovations are designed to alleviate throughput constraints…
DeFi Technologies introduces SolFi. SolFi leverages SOL staking. Institutions may be exposed to SOL. As the cryptocurrency industry continues to grow, institutional interest in cryptocurrency assets has also increased. However, banks, pension funds, and other financial institutions lack a regulated way to hold cryptocurrencies. For this reason, investment firms are creating new regulated funds to get around this problem. DeFi Technologies is the latest investment firm to launch a fund for Solana. The SolFi fund is the latest fund to call itself “MicroStrategy for Solana,” following similar launches this year. SolFi launches another ‘MicroStrategy for Solana’Solana has taken a step…
Wang Long Chai November 13, 2024 09:42 Glassnode and Fasanara Digital release a report on institutional cryptocurrency trends as Bitcoin approaches $90,000, highlighting ETF inflows, spot market dynamics and capital circulation. Bitcoin (BTC) is seeing a surge in institutional demand as it approaches $90,000, according to Glassnode’s Q4 2024 Digital Assets Report in collaboration with Fasanara Digital. This comprehensive report provides strategic insights into the current bull market by focusing on spot market dynamics, ETF inflows, and capital circulation. Spot market dynamics According to the report, the cryptocurrency futures market is experiencing record volumes…
Dogecoin (DOGE) has been one of the main beneficiaries of the cryptocurrency market rebound, showing explosive moves, rising more than 160% in less than a week. DOGE is up 107% in the past week after adding $30 billion to its market capitalization in one day. As DOGE gains momentum, traders and analysts in the space are keeping an eye on the top memecoin’s next move, focusing on the psychological $1 level. Kaleo, a pseudonymous cryptocurrency trader, told his 656,000 followers on social media platform “The general PA (price action) here makes sense to me. It cuts through meme resistance (0.42069)…