A prominent crypto analyst has updated his outlook for three other tokens, saying a clear bullish pattern is forming for one artificial intelligence (AI)-focused altcoin. Anonymous cryptocurrency trader Altcoin Sherpa told his 223,300 followers on social media platform X that there was a “clear bullish trend” underway for machine learning protocol Bittensor (TAO). The trader shares a chart showing TAO breaking out of its multi-month accumulation range. “TAO has never fallen to the low of its range. The extension and clear bullish trend is my view right now. The dip is a buy.” Source: Altcoin Sherpa/X At the time of…
Author: Crypto Flexs
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Solana (SOL), the native token of the Solana network, surged 16.4% between September 18 and September 20, but then fell 6% to its current level of $143 after the $152 resistance level proved stronger than expected. Investors are now questioning the cause of the SOL price weakness and whether recent fund outflows from Solana network deposits signal a potential retest of the $120 support level.The decline in SOL prices is due to the Federal Reserve’s interest rate cut.The recent SOL price rally follows a broader altcoin market rally that has gained 11% since September 18, spurred by the U.S. Federal…
The Depository Trust & Clearing Corporation has announced the results of its U.S. Treasury Collateral Network tokenization pilot, finding “powerful capabilities and potential” for the decentralized network.Four investors, four banks, two central counterparties, and three custodians participated in the experiment, which tested 10 different use cases. Canton Network, which focuses on financial privacy, was utilized for this effort.“The successful completion of this pilot demonstrates that tokenized assets can be used to optimize collateral,” Kelly Mathison, chief business development officer at Digital Asset, one of the companies involved in the pilot, said in a statement.The pilot was conducted between June and…
contributor Posted: September 24, 2024 Whale activity and a 79% surge in trading volume suggested bullish momentum for Ethereum. On-chain indicators were mixed, but bulls had a slight edge in the long/short ratio. not Ethereum (ETH) An ICO participant who initially received 150,000 ETH (currently worth $389.7 million) made a significant move by depositing 3,510 ETH (currently worth $9.12 million) to Kraken after being inactive for over two years. This massive transaction suggests growing confidence in the future of Ethereum. With Ethereum trading at $2,656.39, up 3.02% at the time of writing, the market is now looking to see if…
You know that feeling when you take a bite of something labeled “mild” and your tongue immediately calls up an escape plan? Yes, suddenly you’re negotiating a hostage situation with chili peppers instead of dinner. Your mouth turns into a volcano, your eyes sweat, and your brain wonders if you accidentally swallowed lava. It’s fun and entertaining until you climb up onto the porcelain throne and manage to get the spicy food out of you. BetSoft is back with a new slot with an interesting name: ChilliPop: Get Em All – Hold & Win. Hold on tight to the toilet…
Jorg Hiller September 18, 2024 11:17 Explore how the BNB chain shapes stablecoin usage in DeFi, ecosystem diversity, user experience, and commercial applications. The stablecoin asset class has become a cornerstone of the Web3 ecosystem, offering significant opportunities for decentralized finance (DeFi), commercial applications, and user adoption. According to the BNB Chain Blog, BNB Chain aims to become the core stablecoin infrastructure in the digital economy.Stablecoin Use CasesIn an industry known for its volatility, stablecoins have become indispensable for a variety of financial activities by providing a price-stabilizing alternative. As of August 2024, BNB…
The Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024. Aura is a decentralized indexing and data availability platform designed to scale Solana and the Solana Virtual Machine network. The MPLX price rose 12% on the news and amid the overall cryptocurrency market rally. The Metaplex Foundation, the non-profit organization that supports the Metaplex protocol, has announced a new decentralized indexing and data availability layer for Solana (SOL). The Metaplex Aura Network is a new platform launched by the Metaplex Foundation on September 23rd, which the company said complements the Solana Virtual Machine and Metaplex Program Library to…
A panel of federal appeals court judges in Philadelphia expressed skepticism Monday about the U.S. Securities and Exchange Commission’s longstanding refusal to issue specific rules regarding cryptocurrency token sales. During an afternoon hearing in the 3rd U.S. Circuit Court of Appeals, attorneys for Coinbase and the SEC said the regulator Should be made mandatory To effectively clarify the rules for cryptocurrencies over the years, “Forcibly regulate” Sporadic lawsuits filed against cryptocurrency companies and projects. The three-judge panel, consisting of two Democratic-appointed judges and one Republican, questioned both sides for more than an hour about where the SEC draws the line…
Altcoins have been bullish over the past month, following Bitcoin’s recent recovery, leading analysts to suggest that the market could be on the verge of altcoin season.“The last few days have been extremely bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a post to X on September 23. Popular trader 360Trader observed that TOTAL3, the total cryptocurrency market cap excluding BTC and ETH, has retested the upper boundary of the descending channel. This key level has held prices in check since March 2024, but a decisive close above it would almost certainly “put the nail in the…
Altcoins have been bullish over the past month, following Bitcoin’s recent recovery, leading analysts to suggest that the market could be on the verge of altcoin season.“The last few days have been extremely bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a post to X on September 23. Popular trader 360Trader observed that TOTAL3, the total cryptocurrency market cap excluding BTC and ETH, has retested the upper boundary of the descending channel. This key level has held prices in check since March 2024, but a decisive close above it would almost certainly “put the nail in the…