Rendering large transactions surged 527%, indicating increased whale activity. Despite the bullish momentum, only 46% of RNDR holders are currently making a profit. RENDER is receiving a lot of attention with a surge in large transactions over the past 24 hours. Considering the altcoin’s recent price action and support from several major on-chain indicators, the biggest question is whether the token is ready to break the triangle consolidation and further advance its bullish rally. Rising prices signal render optimism Render has been trending steadily upward over the past few days, raising hopes of a breakout beyond the extended consolidation pattern.…
Author: Crypto Flexs
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Caroline Bishop October 15, 2024 08:01 Binance announced the introduction of SUI/BRL and TURBO/TRY trading pairs along with a trading bot service that will enhance user experience on the platform. Binance expands trading optionsIn a recent announcement, leading cryptocurrency exchange Binance revealed its plans to introduce new trading pairs and trading bot services to its platform. According to Binance, this development is part of Binance’s ongoing efforts to improve trading options for users.new trading pairStarting October 16, 2024, Binance will open trading for the SUI/BRL and TURBO/TRY pairs at 08:00 UTC. These additions are…
Bitcoin is technically expected to hit $233,000, which could happen as early as the first quarter of 2025.In a new BTC price prediction, X analytics account Bitcoindata21 used the Relative Strength Index (RSI) to predict six figures for BTC/USD.BTC Price Analysis: RSI peaks above $233,000. Bitcoin (BTC) price action is currently consolidating around $65,000, but there is potential for a revolution in the market in the coming months.Applying the standard deviation to the monthly RSI, Bitcoindata21 suggests that the peak of the current bull market could be around $250,000.This can be done by referencing the historical highs of the monthly…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has recorded a daily 6% surge since the third week of October. BTC’s performance has sparked optimism among cryptocurrency investors and market observers, who suggest that BTC is ready for a move to $70,000. Bitcoin Recovers Key Support Level Bitcoin started the week by recovering a key resistance level after a 6% surge in price on Sunday. This performance saw BTC retesting the $62,000 support zone on Monday morning. Following recent performance, Bitcoin’s October returns have been in the green so far with a monthly return of 3.17%, according to Coinglass data.…
Crypto asset manager Grayscale lists 35 cryptocurrency altcoins, including Dogecoin, Worldcoin, Pyth and Rune, as assets “under consideration” for future investment products. Added to list. In an October 10 blog post, Grayscale categorized its list of prospective tokens into five basic categories: currencies, smart contract platforms, finance, culture, and utility.Most of the newly considered assets were tokens for smart contract platforms, with the company opting for a mix of networks including alternative layer-1 blockchains Aptos (APT) and Sei (SEI), data availability network Celestia (TIA), and Ethereum scaling solution Mantle. . (MNT).Grayscale also listed tokens from several other networks, including Arbitrum…
A liquidity bootstrapping program for deBridge’s upcoming DBR governance token is underway via Solana decentralized exchange integrator Jupiter’s LFG Launchpad ahead of a token creation event on Thursday.The DBR LFG launch, hosted by the deBridge Foundation, is claimed to be unique compared to its predecessors. According to a statement shared with The Block, the launch offers fixed prices for all participants with no bonding curve.The bonding curve is a standard pricing model that determines how the price of a token increases as more tokens are purchased during a launch event.Eligible whitelist participants can deposit up to $5,000,000 in USDC stablecoin…
We had a huge whale ride on Shib & Pepe last weekend. Both memecoins secured new weekly highs in Monday’s rebound. The meme coin sector is quickly approaching a market capitalization of $60 billion. Crypto whales have shown their faith in two blue-chip meme coins: Shiba Inu (SHIB) and Pepe (PEPE). According to blockchain analytics firm LookOnChain, the whale began accumulating on October 11, 2024, purchasing 101.8 billion PEPE and 843.6 billion SHIB.Pepe takes the lead in the Meme Coin marathonThis move preceded a raced rally for all major altcoins, including the biggest meme coins. For example, frog-themed PEPE jumped…
partCentralized exchanges (CEXs) offer high liquidity, user-friendly interfaces, and customer support, but come with security and regulatory risks.Decentralized exchanges (DEXs) prioritize privacy and user control, enabling trading directly from personal wallets without intermediaries.CEXs are more accessible to beginners, while DEXs require more technical knowledge but offer greater autonomy.Both CEX and DEX have distinct advantages and disadvantages depending on user needs and preferences.Hybrid exchanges that combine the advantages of CEX and DEX are emerging.In the rapidly evolving cryptocurrency landscape, choosing between a CEX and a DEX can change your trading experience. The largest of these are centralized exchanges (CEXs) that maintain…
Louisa Crawford October 15, 2024 06:25 Matrixport introduces a new slogan, “Invest and Earn in Cryptocurrency”, which highlights its commitment to providing comprehensive cryptocurrency financial services and enhancing user experience globally. Matrixport, a prominent player in cryptocurrency financial services, has unveiled a new slogan: “Invest in Cryptocurrency and Profit” as part of a strategic rebranding initiative. According to the Matrixport blog, this development highlights Matrixport’s efforts to expand its global market presence and improve user experience. Commitment to user value and market expansion John Ge, CEO of Matrixport, emphasized the importance of a new…
This article is also available in Spanish. Ethereum price broke the $2,500 resistance level and started a new rise. ETH is up more than 5% and could continue rising if it breaks the $2,650 resistance. Ethereum started a new rally above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,52. A break above the $2,620 and $2,650 resistance levels could continue the upward move for the currency pair. Ethereum price rises…