The crypto strategist, known for his apt altcoin predictions, believes that layer 1 protocol SUI is poised to trigger a breakout rally. Blunts, a pseudonymous analyst, told his 274,600 followers on social media platform X that SUI appeared to have triggered a new bullish trend as it formed a higher low amid the ABC corrective wave. Blunts relies on Elliott Wave Theory, which explains that bullish assets tend to experience a five-wave surge after completing an ABC correction pattern. The analyst shared a chart suggesting that SUI could rise as high as $1.80 in the coming weeks. “SUI is back…
Author: Crypto Flexs
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The U.S. Securities and Exchange Commission has closed its case against DeFi platform Rari Capital, Inc. and its co-founders after finding they misled investors and were not properly registered as brokers.Rari Capital co-founders Jai Bhavnani, Jack Lipstone, and David Lucid told investors that managed Earn pools, which allow them to lend tokens to earn returns, “automatically and autonomously rebalance the cryptocurrency,” but instead, the process was done manually, and the company sometimes failed to do so, the SEC said. The SEC also said the company engaged in “unregistered brokerage activity” related to user-created Fuse pools.The agency claims that at its…
This article is also available in Spanish. Ethereum price started a new uptrend above the $2,335 resistance level. ETH is now targeting further upside above the $2,420 resistance level. Ethereum started to rise again from the $2,280 resistance level. The price is trading above $2,350 and the 100 hourly simple moving average. On the ETH/USD hourly chart based on data provided by Kraken, there is a support line forming at $2,310, with a major bullish trend line forming. The pair needs to break the resistance level of $2,420 to continue its uptrend in the short term. Ethereum Price Rise Target…
Wang Long Chai September 19, 2024 03:24 Binance will update the tick size for various USDⓈ-M perpetual futures contracts on September 20, 2024 to enhance market liquidity and improve trading experience. Leading cryptocurrency exchange Binance has announced a tick size update for several USDⓈ-M perpetual futures contracts, effective September 20, 2024 at 06:30 UTC. According to Binance, the change aims to increase market liquidity and improve users’ trading experience. Adjustment details The adjustment of the tick size, which is the minimum change in the unit price, does not affect the USDⓈ-M futures trading operation.…
reporter Posted: September 19, 2024 ETH’s underperformance has taken it to its lowest level in years. Bitwise Executive Still Confident in ETH Price Reversal. Ethereum (ETH) Relative valuation Bitcoin (BTC) Market concerns were sparked earlier this week when ETH/BTC fell below 0.04 for the first time in nearly four years. This pair tracks the value of ETH against BTC, and its downtrend over the years shows the altcoin’s worrying underperformance. In fact, ETH has offset its year-to-date gains, but BTC is up 40%, and ETH’s main competitor Solana (SOL) is up 18% since the beginning of the year. ETH’s moment…
Ethereum (ETH) price action has been disappointing recently, with a 9% drop in September. ETH’s Q3 is on track to be its third-worst period since launch in terms of returns. However, as the bullish fractal reached a critical point, technical indicators in favor of the altcoin began to appear. Ethereum reflects the fractals of 2021 and 2024.From a technical perspective, market fractals are historically recurring patterns that allow traders to identify trend reversals on charts. Ethereum is currently drawing a bullish fractal setup that was first observed in 2021.The chart below shows that the pattern consists of 5 point setups.…
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only. Anticipation for the Intel Markets pre-sale is running high, and attention is being drawn to the next big opportunity for Solana and Toncoin holders. Michael van de Poppe predicts that the crypto market will soar. He believes that the surge in global liquidity fueled by debt refinancing could spark the next bull market. In this environment, all eyes are on Intel Markets (INTL), a new Phase 1 presale star that could soar 11-fold this year. Some large Solana (SOL)…
Cryptocurrency critics and advocates alike agreed on one thing this week: Republican presidential candidate Donald Trump’s cryptocurrency project, World Liberty Financial, launched, but it’s doing more harm than good. “Donald Trump’s sudden enthusiasm for crypto is not only opportunistic, it’s transparent,” said Willie Nickel, a crypto-friendly North Carolina Democrat, in an emailed statement to The Block. Nickel has supported several crypto bills over the past year. “After doing absolutely nothing about crypto while in the White House, he’s now started World Liberty Financial to make money from a movement he never supported.”In a 2+ hour live space hosted by crypto…
Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it impacts the Layer 2 ecosystem. Traders are now questioning whether the current $2,250 support level can hold for much longer.On the positive side, Ethereum is still the dominant platform in terms of activity and development, but competitors are gradually gaining the upper hand.Top Blockchains by 7-Day DApp Volume, USD Source: DappRadarEthereum Transaction Fees Rise, Negative Impact on Ether PriceA decrease in transaction volume could negatively impact demand for Ether as…
Peter Zhang 18 Sep 2024 13:05 Tether (USDT) enhances global financial inclusion and security by enhancing financial transparency and cooperation with law enforcement. Tether has established itself as a pioneer in the stablecoin market by prioritizing financial transparency, resiliency, and cooperation with global law enforcement. Over 350 million users worldwide benefit from Tether’s stable and reliable digital currency, facilitating access to financial services, especially in regions where traditional banking systems are lacking. Financial Transparency: Unrivalled Clarity and Assurance Tether’s transparency is a defining characteristic, reflected in an independent certification conducted by BDO, a leading…