In recent weeks, there has been a noticeable trend in the cryptocurrency market, particularly concerning Ethereum (ETH). Several prominent whales have been accumulating and staking substantial amounts of ETH, signaling their anticipation of significant market catalysts on the horizon.
One such whale, identified as “0x7838,” recently withdrew a substantial 4,288 ETH (equivalent to $7.2 million at current prices) from Binance and proceeded to stake these holdings just four days ago. Similarly, another wallet, “0x4b7B,” withdrew a remarkable 9,530 ETH (approximately $16 million) from Binance and subsequently engaged in staking activities.
These moves by influential players within the crypto space indicate strategic planning and anticipation of future developments. Two primary factors are likely driving this behavior:
Ethereum ETF Approval: The anticipation of regulatory approval for an Ethereum Exchange-Traded Fund (ETF) could be one of the key drivers behind these whale activities. Such approval could bring a flood of institutional investment into the Ethereum ecosystem, significantly boosting demand and potentially driving up prices.
Preparation for the Next Bull Run: Cryptocurrency markets are notoriously cyclical, with bull runs followed by corrections and consolidation periods. Whales accumulating and staking ETH may be positioning themselves for the next bull run, where they could take advantage of price appreciation.
Staking, in particular, indicates a long-term commitment to the Ethereum network and its underlying technology. It also contributes to the network’s security and decentralization, further strengthening the case for Ethereum as a valuable asset.
Final Thoughts
In conclusion, the actions of these whales serve as a strong indicator of their confidence in Ethereum’s future prospects. Whether it’s in anticipation of regulatory developments or preparing for a potential bull run, these strategic moves highlight the ongoing evolution and maturation of the cryptocurrency market. As the crypto space continues to evolve, it will be interesting to see how these decisions play out and their impact on the broader market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The cryptocurrency space is poised for a seismic shift as asset managers with a combined worth of $17.7 trillion express significant interest in Bitcoin. This enthusiasm is primarily driven by the anticipation of approval for multiple Bitcoin Exchange-Traded Funds (ETFs). Here’s a comprehensive look at what could unfold if these applications are approved:
Massive Influx of Capital: Asset managers like BlackRock ($10T) and Fidelity ($4.5T) entering the cryptocurrency market would bring unprecedented amounts of capital. This influx could drive substantial price appreciation in Bitcoin and potentially spill over to other cryptocurrencies.
Mainstream Adoption: ETFs are widely accessible to retail investors, making it easier for the general public to invest in Bitcoin. This could lead to increased mainstream adoption of cryptocurrencies as they become a part of traditional investment portfolios.
Increased Liquidity: ETFs, by their nature, are highly liquid assets. The creation and redemption process of ETF shares can facilitate more efficient price discovery and increased liquidity in the Bitcoin market.
Regulatory Recognition: Approval of ETFs by reputable asset managers can signal regulatory acceptance and legitimacy for the cryptocurrency market. This could pave the way for further regulatory clarity and reduce uncertainty for market participants.
Diversification of Investment Products: With ETFs from various asset managers, investors would have a broader range of investment options, potentially leading to more diversified strategies in the cryptocurrency space.
Competition and Innovation: The entry of multiple asset managers may spur innovation in cryptocurrency investment products and services, benefiting investors with a wider array of choices and lower fees.
Market Maturity: The involvement of such prominent players can contribute to the maturity and stability of the cryptocurrency market, attracting a more risk-averse class of investors.
However, it’s important to note that regulatory approval is not guaranteed, and the cryptocurrency market remains highly volatile. There are also concerns about potential market manipulation. Nonetheless, the interest of these asset managers and the possibility of ETF approvals represent a significant step towards wider cryptocurrency adoption and integration into traditional finance. The outcome of these developments will undoubtedly be watched closely by both crypto enthusiasts and traditional investors alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Solana’s bearish trajectory is still intact from a short-term perspective. But it found support this month and bounced off to test a key resistance. It may resume mid-term bullish if the price breaks through this important resistance.
SOL entered the third quarter of the year on positive actions, but the momentum was quickly suspended to negative after testing $32 at the upper boundary of an ascending channel. That rejection later led to a severe selling for two months.
Earlier this month, it found support at the channel’s lower boundary and bounced back to test an important resistance area at $20. This bounce brought a small relief in the market. Unfortunately, the resistance level was rejected and the price pulled back a bit.
The price bounced back this week and continued to face rejection at the mentioned resistance area. If SOL repeats the past months’ pattern from the channel’s lower boundary, we should expect a strong buy to the upper boundary after flipping the important resistance.
Nonetheless, it is essential to note that Sol is still in a downward range on the current daily and weekly charts. A dip below this month’s support could activate a big crackdown to $10.
But with the latest positive sentiments surrounding the global crypto market, the buyers are more likely to have an upper hand than the sellers. So far, it has charted over 4% gains in the past week.
As the price stalled under the $20.5 level for the past few days, an increase above it could propel buying towards $22 and $24 before advancing higher.
Currently, the price is trading well above a weekly support of $18.75. A crack below the channel could plunge the price to $17.43 and $15.6. June’s low is the next possible support to consider for a drop.
Key Resistance Levels: $20.5, $22, $24
Key Support Levels: $18.75, $17.43, $15.6
Spot Price: $20.1
Trend: Bearish
Volatility: Low
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Several meme tokens have recovered briefly from their dip over the last 72 hours as the market cap evaporated above $14 billion. Behind Doge and Shib, Pepe has charted over 30% gains in the last 7 days.
After testing the low of $0.00000061 in the mid-month, Pepe’s bears took a break from a two-month bearish and bounced slightly from that low.
This recovery saw the price retraced to the descending resistance line, drawn on the daily chart below. Unfortunately, the buying paused as it retested June’s low of $0.000000825 today. A clear break above this resistance line could trigger a mini rally for the meme token in the coming days.
But if this resistance line prevents further buying as happened on August 14, Pepe may resume selling in no time. As Bitcoin remains the main driver of the market, this setup may come into play if the price nosedives.
However, looking at the volume indicator on the daily chart, Pepe is still trading flat since the price fell from the $0.000000189 level in July. This suggests massive money outflow. Up till now, there are no signs of increase despite bouncing off the monthly low.
As long as the global crypto market cap continues to see an inflow, the price of Pepe and other meme tokens is most likely to jerk up to tap a new monthly high. For now, the price is under the bear’s radar.
A break above $0.000000855, which coincides with the descending resistance line could push the price to $0.00000106, $0.00000132 and $0.00000147 from a short-term perspective. A higher level to consider for a strong breakout is $0.00000188.
Inversely, the mentioned monthly low would be the bears’ primary target level in case of a drop. The next possible levels to consider for support are $0.0000005 and $0.0000004 if a breakdown occurs.
Valkyrie’s recent approval to offer Ethereum (ETH) futures within its existing exchange-traded fund (ETF) has made significant waves in the cryptocurrency and financial markets. This milestone not only increased exposure to Ethereum but also contributed to a notable boost in ETH’s price, reaching $1,665 during Thursday’s trading session. Let’s explore how this approval could potentially impact the performance of Ethereum.
Increased Accessibility: The integration of Ethereum futures into an ETF makes it easier for traditional investors to gain exposure to Ethereum’s price movements. This increased accessibility can attract a broader range of institutional and retail investors, potentially leading to higher demand for ETH.
Liquidity Boost: With futures trading, liquidity often increases as it enables participants to buy or sell assets without owning the underlying asset. Enhanced liquidity can result in smoother price movements and reduced volatility, making Ethereum a more attractive investment option.
Price Discovery: Futures markets are known for their role in price discovery. As more participants engage in Ethereum futures trading through Valkyrie’s ETF, the price of ETH may become more reflective of market sentiment and fundamentals, potentially reducing the impact of speculative trading.
Risk Management: Futures also provide risk management tools. Institutional investors can use Ethereum futures to hedge their exposure to ETH, reducing their risk in case of adverse price movements. This risk mitigation feature could encourage more substantial institutional participation.
Regulatory Clarity: Valkyrie’s approval to offer ETH futures within an ETF suggests a growing level of regulatory acceptance for cryptocurrency-related financial products. This clarity can boost investor confidence, attracting more capital into the Ethereum ecosystem.
However, it’s important to note that while these developments are positive for Ethereum, they don’t guarantee immediate or sustained price increases. Cryptocurrency markets remain highly speculative and influenced by various factors, including macroeconomic conditions, technological developments, and market sentiment.
Conclusion
Finally, Valkyrie’s approval to offer Ethereum futures in its ETF is a significant step forward for Ethereum’s adoption and market integration. It enhances accessibility, liquidity, and risk management options for investors. While it contributes to a positive sentiment around Ethereum, investors should remain cautious and consider various factors when making investment decisions in this dynamic and evolving cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The cryptocurrency market has experienced an upbeat week with notable gains seen across various digital assets. Bitcoin Cash (BCH), Chainlink (LINK), Maker (MKR), and THORChain (RUNE) stood out as top performers, each posting impressive double-digit increases in their market capitalization. This surge in momentum is accompanied by signs of accumulation from major Bitcoin (BTC) and Tether (USDT) wallets, fueling speculation about the possibility of an “Uptober.”
Bitcoin Cash With Others Shine In Dull General Crypto Market
Bitcoin Cash, often considered a peer-to-peer electronic cash system, demonstrated a remarkable 13% increase in its market capitalization during the week. Chainlink, known for its decentralized oracle network, saw an impressive 15% rise, while Maker, a key player in the decentralized finance (DeFi) space, registered a solid 13% gain. THORChain, a protocol for cross-chain liquidity, joined the party with a notable 14% increase in market cap.
Bitcoin And USDT Whale Accumulation
What’s particularly intriguing about this rally is the accumulation observed among major BTC and USDT wallets. Accumulation by large investors often signifies confidence in the market’s future, and in this case, it’s potentially signaling a sustained uptrend into October. These prominent wallets are acquiring cryptocurrencies, further driving up demand.
Are We Going To See An Uptober?
As we look ahead, the term “Uptober” is gaining traction in the crypto community, suggesting that October could potentially bring continued bullish momentum. However, it’s crucial to remain cautious in this volatile market. While signs are positive, cryptocurrency markets can be unpredictable, influenced by various factors including market sentiment, regulatory developments, and global economic conditions.
Final Thoughts
In conclusion, the recent surge in market capitalization for cryptocurrencies like Bitcoin Cash, Chainlink, Maker, and THORChain is a promising sign for the broader crypto market. Accumulation by large wallets adds to the optimism, and the concept of “Uptober” hints at the possibility of continued gains in the coming month. Yet, investors should always exercise prudence, conduct thorough research, and be prepared for market fluctuations, as the cryptocurrency landscape remains dynamic and ever-evolving.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The primary reason many people get into the crypto space is to build riches, and these cryptocurrencies, Avalanche(AVAX) and Bitcoin Spark (BTCS) have emerged as two contenders, each having unique features and potential for those seeking the path to riches. This content examines AVAX and BTCS’s prospects and current events.
Avalanche, AVAX, made a name for itself in the cryptocurrency market with great hype. Many investors were thrilled about its potential because of its revolutionary consensus method and promise of scalability. However, AVAX, like many other cryptocurrencies, witnessed price instability and market changes.
Recent Challenges for AVAX
Avalanche (AVAX) has recently suffered significant issues, as seen by a steep drop in total value locked (TVL) and network activity. The TVL in the Avalanche ecosystem has dropped to a low price, indicating a severe capital loss. Furthermore, the number of active users, inflows, trading volume, and fee revenue have all decreased dramatically.
Signs of Recovery
Moving forward to current market conditions, AVAX shows encouraging signs of revival. AVAX’s price, like that of many other cryptocurrencies, is closely tied to market sentiment. Recent market sentiment improvements and fundamental strengths have resulted in AVAX’s price stabilization and upward trajectory.
While the price of AVAX has fallen, the ecosystem has attracted fresh development through cooperation with Alibaba Cloud and Amazon Web Services (AWS). These collaborations demonstrate perseverance in the face of adversity and the potential for rehabilitation.
Bitcoin Spark (BTCS)
Bitcoin Spark has garnered significant attention with its unique approach to blockchain technology, focusing on sustainability, inclusivity, and innovation. BTCS is a hard fork of the original Bitcoin, and its dedication to long-term blockchain technology has distinguished it in the crypto field. Here are a few interesting aspects of BTCS:
Sustainability
Bitcoin Spark utilizes the Proof of Process Consensus mechanism. This energy-efficient system is committed to sustainability and efficiency, making it an appealing choice to investors looking for a pathway to riches.
Inclusivity
Bitcoin Sparks PoP prioritizes inclusivity in the mining landscape. The PoP aims to level the mining arena by allowing miners of all abilities to participate successfully.
A Shared Goal: Building Wealth
Avalanche and Bitcoin Spark are taking different roads. Yet, they both have the chance to create wealth—the strength of the Avalanche ecosystem positions it as a long-term investment with scalability and institutional interest. While BTCS, an emerging cryptocurrency, focuses on sustainability and innovation, providing a unique viewpoint. Both provide excellent chances in the cryptocurrency space.
Conclusion
AVAX and BTCS represent the ever-changing nature of cryptocurrency. Both provide intriguing choices for investors in the ever-changing crypto world. The recovery of AVAX demonstrates blockchain resilience, while the sustainability and innovation of BTCS illustrate progress.
To know more about how Bitcoin Spark is paving the path to riches:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Metaverse token like Apecoin has seen an extreme drop in price since the start of the year as the entire crypto market experienced a severe meltdown. It has traded calmly above $1 over the past two weeks, poising for a price break.
In January, Ape’s price increased by over 80% to reach $6.4 following a notable recovery from $2.65 in late last year. The bullish rally eventually halted at the end of that month with a bearish interception and the price started to decline.
Aside from losing its ranking place to Internet Computer – ICP a few months later, Ape’s price dipped so much that its market cap fell to $428.5 million at the time of writing.
As things got worse for the metaverse token, causing the value to depreciate heavily to the low of $1.07 after eight months of steady meltdown, the bears took a break as that low stood as temporal support for almost two weeks.
But as it appears now, the price has reached an oversold area as the bear cycle slowly comes to an end from a technical standpoint.
When writing, the price increased by 3% to $1.16, attempting to break out of a descending wedge that has been forming since late January. If a breakout occurs, Ape may retake August’s high. Such a setup could signal a short-term reversal.
If the bears mount pressure again and crack down the crucial $1 level, we can expect a 50% drop or even lower before this pair finds support around the wedge’s lower boundary.
The potential resistance levels to consider for a wedge breakup are $1.36, $1.745 and $2.14, marked as August’s high. The $2.53 level would be next if those resistance levels flip.
In case of a crackdown, the immediate level to keep an eye on for support is $0.7, followed by the $0.5 level
Key Resistance Levels: $1.36, $1.745, $2.14
Key Support Levels: $1, $0.7, $0.5
Spot Price: $1.16
Trend: Bearish
Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Bitcoin, the leading cryptocurrency, is currently experiencing a dynamic phase, marked by both bullish indicators for the long term and the potential for short-term corrections. The actions of whales and traders are at the center of this evolving narrative.
Bitcoin Maintains Bullish Momentum As We Enter October
In the long term, Bitcoin’s outlook appears promising. Whales, individuals or entities holding significant amounts of Bitcoin, have been accumulating the digital asset alongside Tether (USDT), signaling their confidence in its future. This accumulation is a positive indicator for the broader cryptocurrency market, as it often reflects a belief in Bitcoin’s resilience and potential for substantial growth.
Short-Term Corrections Are Expected
However, amidst this optimism, caution is warranted for the short term. Bitcoin recently reached a price milestone of $27,000, prompting traders to engage in profit-taking. Short-term corrections are a common occurrence in the crypto market, and they serve to balance out rapid price surges. This pullback provides an opportunity for traders to lock in gains and reassess market conditions.
7-day Market Value to Realized Value (MVRV)
One metric to watch closely is the 7-day Market Value to Realized Value (MVRV). When this metric dips below 0, it may signal an ideal setup for another leg up in Bitcoin’s price. The MVRV ratio compares the market price of Bitcoin to the average price at which it was last transacted. A value below 0 suggests that the average trader is in a state of unrealized loss, potentially indicating oversold conditions and a potential rebound.
Conclusion
In summary, Bitcoin’s long-term prospects remain bright, with whales accumulating and signaling confidence in its future. However, investors and traders should be prepared for short-term corrections, as seen with the recent profit-taking activity. Watching key metrics like the 7-day MVRV can provide valuable insights into the timing of potential market movements. As the crypto market continues to evolve, adaptability and a balanced perspective are crucial for navigating its dynamic landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The cryptocurrency market is abuzz with the latest developments involving Bitcoin and Tether (USDT) whales and sharks, who are showing a strong accumulation trend. These large holders, with 10 to 10,000 Bitcoin in their wallets, have now accumulated their highest Bitcoin holdings in 2023, totaling 13.03 million BTC.
This surge in accumulation among Bitcoin’s most substantial holders is seen as a positive sign for the market. Such large-scale accumulation often signals confidence in the long-term potential of the cryptocurrency, and it’s a strong indicator of bullish sentiment. What’s noteworthy is that this accumulation has been ongoing for over six weeks, suggesting that these influential investors see value in Bitcoin’s current market conditions.
Tether Whale Accumulation Hits 6 Week High
The accumulation story doesn’t stop with Bitcoin. Tether, the popular stablecoin, is also seeing notable activity among its larger holders. Wallets with 100,000 to 10 million USDT have amassed a total of 15.03 billion coins, returning to a six-week high. This indicates that significant capital is entering the Tether ecosystem, which could be interpreted as a sign of increased buying power and liquidity.
Bullish Sentiment Combination
When considering both Bitcoin and Tether accumulation, this combination further reinforces the bullish sentiment in the crypto market. The actions of these large investors often have a profound impact on price trends and overall market dynamics. Their sustained accumulation implies a belief in the resilience and growth potential of both Bitcoin and Tether, two key players in the cryptocurrency ecosystem.
Final Thoughts
In conclusion, the recent accumulation of Bitcoin and Tether by whales and sharks, coupled with the prolonged nature of this trend, provides a bullish outlook for the crypto market. It signifies growing confidence in the digital assets and suggests that these influential players anticipate positive price movements in the future. As always, market observers will closely monitor their actions for insights into the evolving cryptocurrency landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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With the next crypto bull run fast approaching, industry watchers suggest you boost your crypto returns with strong investments like Bitcoin Spark (BTCS) and XRP.
Bitcoin Spark is an exciting new entrant in the cryptocurrency space, aiming to bring the next generation of digital transactions by introducing cutting-edge technologies to the blockchain. It boasts swift and cost-effective transactions, attained through short block times, high individual block transaction capabilities, and a significantly expanded network featuring massive nodes.
Bitcoin Spark positions itself as a robust platform for a wide range of developers, smart contracts, and decentralized applications (Dapps). This versatility is made possible by the seamless integration of a smart contract layer with separate execution systems that reach finality on the main network and allow for a multitude of programming languages.
One of Bitcoin Spark’s game-changing features is the concept of decentralized CPU and GPU rental, made possible by its revolutionary Proof-of-Process (PoP) consensus mechanism. The PoP rewards users nonlinearly for confirming blocks and providing processing power to the network. The network’s rewards system and colossal number of nodes enable it to accommodate a large number of validators. In fact, the Bitcoin Spark native application will enable individuals with smart devices to participate in network validation and rent out their processing power securely.
The contributed computational power is then utilized for remote computing by Bitcoin Spark’s clients, who pay with BTCS, thereby enhancing the token’s real-world utility and providing additional income streams to network validators.
Furthermore, Bitcoin Spark plans to incorporate unobtrusive advertising slots on its application and website, which will be policed by the community to ensure credibility. Advertisers will pay with BTCS, and 50% of the revenue generated will go to network participants, ensuring community-driven sustainability and security.
Is Bitcoin Spark a good investment?
Several factors suggest Bitcoin Spark (BTCS) could be a good investment. First, there’s a fixed supply of 21 million BTCS, which is indicative of long-term price appreciation, as seen with Bitcoin (BTC). Additionally, Bitcoin Spark introduces new technology and real-world applications, which is bound to attract more users as crypto goes more mainstream. Furthermore, Bitcoin Spark is in its Initial Coin Offering (ICO) stage, which is good for two reasons. One, it helps investors get BTCS at relatively discounted prices. BTCS is set to launch at $10 but is currently selling at $2.75, accompanied by an 8% bonus in Phase 6 of the ICO. Two, it suggests a low market cap, which allows its price to rally by unprecedented levels. The potential for massive price surges for BTCS is further cemented by its launch being close to the start of the next bull run.
What is XRP?
XRP is a cryptocurrency created by Ripple, an American technology company focused on improving international money transfers for financial institutions. The Ripple network uses blockchain technology and XRP to facilitate fast, secure, and cost-efficient cross-border payments and remittances. XRP serves as a bridge currency, providing liquidity and facilitating the exchange of different currencies. Unlike many other cryptocurrencies, XRP was pre-mined by the Ripple team, with its supply fixed at 100 billion. XRP also operates on the XRP Ledger, a blockchain underpinned by the Ripple Protocol Consensus Algorithm (RPCA), which ensures speed by relying on a smaller group of validators to manage the transaction validation process.
Is XRP a good Investment?
XRP could be a potentially profitable investment. Its real-world applicability, streamlining international money transfers, has captured the attention of many. It has established significant partnerships and is utilized by many banks and financial institutions worldwide, giving it credibility. As more financial institutions adopt crypto, the demand for XRP may rise, potentially leading to increased value. Additionally, the somewhat regulatory clarity surrounding XRP offers a more stable environment for investors.
Conclusion
While Bitcoin Spark (BTCS) and XRP could both potentially boost your crypto returns, it is crucial to conduct your own research, considering your investment goals and risk tolerance, before making any investment.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Maker ($MKR), a prominent cryptocurrency in the decentralized finance (DeFi) space, has been on a remarkable bull run, surging by an impressive 40% in just 16 days. This surge in price has coincided with a significant uptick in active addresses, reaching a 10-week high. However, amidst this excitement, caution is warranted as an inflow of $MKR to exchanges may signal the potential for a temporary local top.
Maker’s recent price performance is turning heads in the crypto world. The asset has seen a rapid ascent, with its value crossing the $1,500 mark. This uptrend could be attributed to various factors, including increased adoption in DeFi applications and growing interest in decentralized stablecoins.
What makes this surge even more intriguing is the concurrent rise in the number of active addresses. A 10-week high in active addresses suggests that more participants are engaging with the Maker protocol, potentially indicating growing interest and utility.
Caution For Traders Looking To FOMO
However, there’s a cautionary note to consider. An inflow of $MKR tokens onto cryptocurrency exchanges can be seen as a potential signal of profit-taking by holders or a move towards liquidity. While it doesn’t necessarily indicate a market downturn, it does raise the possibility of a temporary local top in Maker’s price.
The crypto market is known for its volatility, and rapid price movements can often be followed by corrections. Therefore, it’s essential for investors and traders to approach such surges with a balanced perspective, considering both the positive momentum and the potential indicators of a pause or reversal.
Final Thoughts
In conclusion, Maker’s recent impressive price surge and the spike in active addresses highlight the project’s growing relevance in the DeFi space. However, investors should remain cautious, as the movement of $MKR tokens to exchanges suggests a need for vigilance and the importance of prudent risk management. As Maker continues to evolve, its performance in the DeFi sector will be closely watched by the crypto community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The cryptocurrency market has been marked by significant fluctuations since the mid-July local top, with many altcoins experiencing more declines than gains. Amidst this market turbulence, there has been an intriguing shift in trader interest, particularly concerning memecoins.
One of the standout observations is the changing landscape of memecoins. Notably, Dogecoin ($DOGE), the original memecoin sensation, has seen its discussion rate hit the lowest point since 2020. This decline in chatter around DOGE may indicate a shift in sentiment, with investors and traders exploring alternative opportunities in the crypto space.
Conversely, PEPE, a lesser-known memecoin, has experienced a slight uptick in discussions, coinciding with a noteworthy +19% price increase over the past week. This demonstrates that traders are not just focused on the big-name memecoins; smaller players can also capture their attention when they show positive price movements.
Shift In Trader’s Interest
However, some memecoins that once generated significant buzz have fallen off traders’ radars after the three-month market downturn. Dogelon Mars and Shiba Inu, both of which garnered substantial attention during the meme coin craze earlier this year, have seen their prominence wane as market conditions shifted.
This shift in trader interest within the memecoin space reflects the dynamic nature of the crypto market. Traders are continually seeking new opportunities and adjusting their strategies based on market trends and sentiment. It also highlights the importance of staying informed and being adaptable in the ever-evolving world of cryptocurrencies.
Final Thoughts
In conclusion, the recent changes in memecoin dynamics illustrate how the crypto market can swiftly reshape itself. While some memecoins experience a decline in popularity, others seize the spotlight, demonstrating the need for traders to remain vigilant and responsive to emerging trends. As the crypto landscape evolves, memecoins, like other cryptocurrencies, continue to play a role in the broader ecosystem, albeit with their unique flair and characteristics.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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After witnessing a massive explosion in June, BCH corrected lower and entered the second half of the year in a bearish mode. However, it later established support and bounced back. Against Bitcoin, the price remains strong.
Bitcoin Cash started to gain traction after locating support at $165.5 in August. It further broke out of a crucial resistance line in the mid-month and slightly pulled back to the low of $200 last week.
That low level held strong and the coin resumed positive actions this week. Today, the price increased by 10% and flipped through a vital resistance level as it taps $236.7 – marking the highest price level in six weeks.
Despite showing signs of strength over the past few days, it is essential to note that the trend remains extremely bearish on the weekly chart.
Should the price continue to increase daily, BCH could reclaim $270 by the end of the month. However, the asset may pull back slightly on the hourly before resuming bullish momentum at full speed.
A drop below the $200 mark could invalidate the monthly breakout as the bears could step back. If that occurs, August support would be the next area of interest for the bears. But as it stands now, the bulls are in control from a short-term perspective.
The closest area of interest for buyers right now lies at the $249.3 resistance level. If BCH manages to flip that resistance this week, the next buying target would be $268.5, followed by $293. The $329 level remains a crucial resistance to watch for a strong breakup.
In case of a drop, the level to watch for pullback lies at $225.5, where the price just flipped today. If that level fails to provide support, the lower level to consider for drops are $202.5 and $180.5.
Key Resistance Levels: $249.3, $268.5, $293
Key Support Levels: $225.5, $202.5, $180.5
Spot Price: $230
Trend: Bullish
Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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In the constantly advancing universe that brings forth astonishing technological creations, blockchain networks and cryptocurrencies find a unique position. While the hi-tech globe is expanding with more blockchain platforms and crypto exchanges, the influx of crypto enthusiasts surges day by day, posing the necessity of a user-friendly crypto platform. FixedFloat, the fully automated crypto trading platform that aims at offering efficient and convenient crypto services, is the best option ever.
FixedFloat is a completely automated cryptocurrency trading platform, destined to offer the crypto community the best and easiest approach to crypto trading. Launched in 2018, the platform serves as the first and only instant crypto exchange supporting the Lightning Network. The distinct aspect that places FixedFloat at the forefront of the crypto space is its features that are feasible for both experienced and novel users.
FixedFloat’s non-custodial nature that guarantees easier entry to the platform without registration or KYC checks enhances the firm’s compliance with user convenience. The lowest and best fixed rates and floating rates provided by the platform are also noteworthy. While the fixed rates make the displayed crypto amount remain unchanged, the float rates get adapted to the crypto market fluctuations.
Advantages of FixedFloat
The merits of FixedFloat spans from the transparency and security that it assures through the variety of cryptocurrencies it offers. The platform ensures 24*7 customer service, maintaining quick, trustworthy and safer services at reasonable prices. Easier accessibility of the platform and hassle-free network confirmation are also key to the advantages of FixedFloat. Some of the major cryptocurrencies supported by the FixedFloat include Bitcoin, Ethereum and Cardano.
FixedFloat was launched in 2018 by a group of crypto enthusiasts well-versed in finance, web tech, and entrepreneurship. The key agenda of the platform is the assurance of crypto accessibility for all individuals through the power of automation and integration with the Lightning network.
While the company stands boasting 5 years of successful journey, FixedFloat holds a lot of accomplishments to narrate. Currently, with more than one million completed orders, a regular inflow of 1,000+ customers, and over 5,000 new visitors, FixedFloat remains to be one of the major players in the industry.
FixedFloat Interface
FixedFloat Web Interface
FixedFloat allows easier and convenient access to customers, without registration or other tedious procedures. Instead, the users can use the platform’s services by simply selecting the cryptocurrencies they prefer, choosing a rate type, and clicking the desired amount. In March 2023, the platform underwent a major redesign with a modern user interface, enhancing user experience. Also, in its recent innovative move to ensure its global reach, FixedFloat expanded its language support, extending to languages including Turkish, Ukrainian, Polish, Dutch, Simplified Chinese, and Italian languages.
Key Features and Functions
FixedFloat offers astounding features that promotes user-friendly services. The feature include:
Feasible fixed and floating exchange rates
Lower fees in the crypto market
Transparent in fees
No hidden charges
An intuitive and user-oriented interface
Hassle-free network confirmations
No KYC requirements
Support of multiple languages
24/7 customer service
Cryptocurrencies
Currently, FixedFloat supports 71 cryptocurrencies including Bitcoin (BTC), Ethereum, Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Bitcoin Cash (BTC), and Cosms (ATOM). The platform’s portfolio expands over the course of time with the addition of newer cryptocurrencies at intervals.
FixedFloat’s Supported Cryptocurrencies
Services
Instant Crypto Exchange
FixedFloat offers fully automated services with a streamlined processthat helps in swiftly exchanging one crypto for another. No time consuming processes are involved. Instead, the user can directly handle the swapping by selecting the cryptocurrencies intended to exchange and the desired amount. The receiving address could be entered by the user by typing, pasting from the wallet, or scanning the QR code. The choice between float rate and fixed rate is yet another impressive feature of FixedFloat, making the transactions easier and budget-friendly.
FixedFloat API
The FixedFloat API is a novel service refurnished to help users to automate the process of receiving exchange rate information, creating orders, and managing transactions. The API update includes simple documentation, easy-to-use libraries for code reuse, and the option to earn profits from exchanges without participating in the affiliate program.
Affiliate Program
The affiliate program offered by FixedFloat is an opportunity for customers to earn profits through referrals, by allowing participants to register and earn 40% of the profits from exchanges made by their referred customers.
Transaction Fees
FixedFloat offers two strategies involving the fee structure: fixed rate and float rate. Each strategy holds three distinct fees: FixedFloat service fee, miner fee, and consolidation fee.
FixedFloat fee is 1% for the fixed rate or 0.5% for the floating rate. The fixed rate remains locked for 10 minutes and the fee is 1% of the transaction amount. In floating rate, which stays until the transaction receives a blockchain confirmation, the fee is 0.5% of the transaction amount.
Miner fee for a sent transaction covers the cost of miners processing the transaction, which includes the actions like fund transfers, smart contract functions, and token transfers.
Consolidation fee for an accepted transaction relates to consolidating funds at a single address that helps in the reduction of fees for future transactions.
Security and Transparency
The decentralization of FixedFloat is driven by its key priority: security. The platform facilitates direct transaction of cryptocurrencies without human interruption or a third party, ensuring safety and privacy.
The platform does not store user deposits, facilitating the utmost safety of assets as the possibility of losing them through a cyber-attack is minimal. The firm also ensures the authority of users over their assets by tracking them through email, website and order links. FixedFloat’s transparency is more evident in is policy of ‘no hidden fee’.
KYC
Users of FixedFloat are not required to be compliant with the Know-Your-Customer (KYC) feature, which is one of the unique aspect of the platform, availing users an easier access to the platform. The firm values personal and confidential data of the customers. A direct access to the platform without registration unlike other crypto exchanges is one among the key features of the platform that holds it high.
Mobile Application
FixedFloat has proposals to launch a mobile application in the near future, enhancing the platform’s services and guaranteeing the customers the availability of the platform services at their fingertips.
Customer Support
The platform extends its services and support to the customers every time, offering a 24/7 customer services system. The communication is open through various channels including live chat, email, and Telegram.
FixedFloat Customer Support
Merits and Demerits
Have a look on to the merits and demerits of FixedFloat:
Merits
Demerits
Customer-friendly interface
No NFT marketplace
No KYC requirement
Limited cryptocurrencies
Fast exchange processes
No support of fiat currencies
Reasonable exchange rates
Low fees
Final Score
Services offered
4
Cryptocurrency support
4
Fees
4
Security
4
Review Score
4
Conclusion
FixedFloat is a unique user-friendly cryptocurrency exchange developed with advanced features. The platform prioritizes user security and transparency which is evident through its non-custodial approach and lack of KYC requirement. The offering of services at minimal and flexible price makes FixedFloat the best choice for both experienced and fresh customers.
FAQs
Is KYC required?
No, FixedFloat doesn’t mandate KYC compliance, prioritizing customer privacy.
What is the difference between fixed rates and float rates?
Fixed rates keep the displayed crypto amount unchanged, while float rates adapt to market changes.
How many cryptocurrencies are supported on FixedFloat and what are they?
FixedFloat currently supports 71 cryptocurrencies, including Bitcoin, Ethereum, and Cardano, with more being added over time.
Are there fees for using FixedFloat?
Yes, FixedFloat charges a minimal fees, including service fee, miner fee, and a consolidation fee.
Is there customer support on FixedFloat?
Yes, FixedFloat provides an all-time service of customer support through various channels like live chat, Telegram, Twitter, and email.
In recent years, the Asian community has shown immense interest and support for cryptocurrencies. Among the various tokens and ecosystems available, two projects, Shiba Inu (SHIB) and Shiba Budz (BUDZ), have gained significant traction and backing from the Asian investor community. In this article, we will explore the reasons behind the popularity of these tokens and their ecosystems among Asian investors. We will delve into the factors that contribute to their appeal and the strength of their communities.
Shiba Budz (BUDZ) is a new initiative that intends to link numerous endpoints to build an ecosystem that improves gaming experiences. The project’s concentration on decentralized gaming and blockchain technology has attracted Asian investors, who are known for their passion for gaming and cutting-edge technology. The Shiba Budz (BUDZ) community’s TreeHouse Wallet provides a non-custodial wallet with a user-friendly interface and features such as De-Fi, staking, gaming, and payments.
Another component of the Shiba Budz (BUDZ) ecosystem is TreeHouse Gaming, which provides a decentralized blockchain platform for gamers and rewards them with Shiba Budz (BUDZ) tokens for their contributions to the community. Because blockchain technology is open and immutable, Asian gamers’ contributions are recognised and appropriately rewarded, encouraging confidence and commitment to the initiative.
Community Engagement and Innovation
Similar to Shiba Inu (SHIB), Shiba Budz (BUDZ) has cultivated a strong and engaged community. The project’s commitment to transparency, innovation, and community involvement has resonated with Asian investors seeking projects that prioritize their interests and values. The Shiba Budz (BUDZ) community actively participates in discussions, provides feedback, and collaborates with the project’s team, creating a sense of ownership and shared vision.
Shiba Inu (SHIB)
Shiba Inu (SHIB), a meme-based cryptocurrency, gained popularity in 2020 due to its playful and lighthearted nature, which resonated with the Asian community. The project’s founders have shown commitment to transparency and community involvement, strengthening the trust and support of Asian investors. The project’s low price and high volatility make it an attractive option for those looking to enter the cryptocurrency market with limited capital. The potential for exponential growth and the discovery of the next “moonshot” coin have enticed many Asian investors to back Shiba Inu (SHIB). The project’s strong sense of community and commitment to transparency have further strengthened the trust and support of Asian investors.
Adoption and Use Cases
Another factor driving Asian investor interest in Shiba Inu (SHIB) is the project’s potential for adoption and real-world use cases. The Shiba Inu (SHIB) ecosystem includes features such as decentralized exchanges (DEX), non-fungible tokens (NFTs), and gaming platforms. These offerings provide users with opportunities to engage with the token beyond speculative trading, further strengthening its appeal among Asian investors looking for practical utility.
Conclusion
The rise of cryptocurrencies has captured the attention of Asian investors, who have shown a particular interest in projects like Shiba Inu (SHIB) and Shiba Budz (BUDZ). The factors contributing to their popularity among the Asian community include strong community engagement, potential for high returns, influence of social media, adoption and use cases. These projects have successfully tapped into the interests and aspirations of Asian investors, strengthening their communities and creating a vibrant ecosystem that continues to attract support.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Innovation and competition are ongoing in the cryptocurrency industry. Shiba Budz (BUDZ), Bitcoin SV (BSV), and Tron (TRX) are three ventures that have recently attracted interest. Each project attracts investors eager to increase their shares with its distinct qualities and growth prospects. This article will examine the specifics of these initiatives, contrast their advantages and disadvantages, and examine why ShibaBudz may become a market favorite.
ShibaBudz (BUDZ): The Future of Cannabis Industry Payments
Shiba Budz (BUDZ) is an ERC20 token designed for the cannabis industry, with a maximum supply of 4,200,000,000 tokens. It serves as the main currency within the ShibaBudz ecosystem, facilitating payments for smart contract processes, products, gaming, and liquidity. ShibaBudz focuses on creating innovative rewards and loyalty programs, allowing cannabis businesses to offer incentives to customers, attracting new customers and providing a secure payment method within the industry.
Bitcoin SV (BSV): Returning to Bitcoin’s Original Protocol
Bitcoin SV (BSV) was created in November 2018 as a fork from Bitcoin Cash, aiming to restore the original Bitcoin protocol to Satoshi Nakamoto’s vision. Since the Genesis upgrade in February 2020, Bitcoin SV has set numerous world records, including surpassing millions of transactions daily, producing the largest blocks, and achieving the lowest environmental impact among proof-of-work chains. These achievements highlight Bitcoin SV’s scalability and efficiency, making it an attractive investment option.
Tron (TRX): Empowering the Decentralized Web
Tron (TRX) is a blockchain platform that decentralizes the internet and enables the creation of decentralized applications (DApps). With high transaction throughput and low fees, it has become the second-largest public chain platform for DApps. TRX is also used in various scenarios like payment, purchases, and voting, supported by credit card Spend and Tron ATM machines. This makes Tron an attractive option for investors seeking to diversify their holdings.
Why ShibaBudz Has the Potential to Come Out on Top
While Bitcoin SV and Tron have their unique strengths, Shiba Budz (BUDZ) possesses several key factors that make it a strong contender in the market.
Niche Focus: ShibaBudz targets the cannabis industry, which is experiencing significant growth and acceptance worldwide. Its tailored solutions for the industry, such as rewards and loyalty programs, provide a competitive edge in capturing market share.
Secure and Transparent Payments: The use of blockchain technology ensures secure and transparent transactions within the ShibaBudz ecosystem. This instills trust in customers and enables regulatory compliance, combating counterfeit products and ensuring quality control.
Potential for Tokenization: ShibaBudz can explore tokenization of cannabis-related assets, making investment more accessible and liquid. This opens up opportunities for a broader range of investors to participate in the industry’s growth.
In Conclusion, Shiba Budz (BUDZ), a cannabis-focused project, stands out from Bitcoin SV and Tron due to its innovative solutions, secure payment system, and potential for tokenization. It offers investors a unique opportunity to expand their holdings and become a favorite in the market, despite the strengths of Bitcoin SV and Tron.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
In January, this anonymous investor withdrew a substantial 7 million $FRONT tokens, valued at $1.33 million at the time, demonstrating their confidence in the project’s long-term potential.
Fast forward eight months, and this investor’s patience has paid off. The price of $FRONT has seen a significant increase, validating their belief in the project. With a clear vision, they decided to take advantage of this favorable turn of events and deposited the same 7 million $FRONT tokens on #Binance. However, what sets this move apart is the shrewd decision to do so over the course of eight days at an average price of $0.44 per token. This strategic approach allowed the whale to maximize their returns.
$1.75M Reward Profit
The result? A staggering profit of approximately $1.75 million, showcasing not only the potential for substantial gains in the cryptocurrency market but also the importance of patience and timing. This success story highlights the importance of strategic thinking and adaptability in the crypto world.
It also underlines the critical role that large-scale investors play in shaping the market. Their decisions can significantly impact token prices, making it essential for retail investors to stay informed and make informed choices.
Final Thoughts
In conclusion, this whale’s journey from withdrawal to depositing on #Binance demonstrates the profit potential in the cryptocurrency market when coupled with patience and strategic decision-making. It serves as a reminder that, even in a volatile environment, opportunities abound for those who can navigate the crypto seas wisely.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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