Wednesday, October 4, 2023

Bitcoin’s Whirlwind: Addresses Holding 1k+ Coins Surge Amid SEC Confrontation

Recent data reveals a remarkable shift in the number of addresses holding 1,000 or more Bitcoins, with the count rising to 2,001. This significant milestone comes just 24 hours after Bitcoin’s Number of Addresses Holding 1k+ Coins hit a four-year low of 1,997.

Source: Glassnode

Congressmen Puts Pressure On SEC Chair Gary Gensler

The timing of this surge in large Bitcoin holdings is particularly intriguing. It unfolds against the backdrop of a high-stakes confrontation between SEC Chair Gary Gensler and members of Congress. The SEC’s firm stance on regulating the cryptocurrency space has sparked heated discussions. However, it seems that investors are responding strategically by accumulating substantial quantities of Bitcoin, anticipating positive news from the SEC.

Multiple Pending ETFs Applications

One major point of interest revolves around the potential approval of multiple Bitcoin exchange-traded funds (ETFs). Over the past few months, several applications for Bitcoin ETFs have been submitted, awaiting regulatory green lights. The accumulation of Bitcoin by larger holders may indicate a collective belief that these ETFs could receive the SEC’s nod in the near future.

Investors’ Pro-Active Moves

This phenomenon underscores the intricate relationship between regulatory developments and cryptocurrency markets. It also highlights investors’ ability to adapt and capitalize on emerging opportunities. The crypto community has seen time and again how market sentiment can shift dramatically based on regulatory decisions, and this current trend reflects a keen awareness of that dynamic.

Conclusion

Finally, Bitcoin’s recent surge in the number of addresses holding 1,000 or more coins hints at a strategic response to the SEC’s actions and the anticipation of positive regulatory developments. It showcases the resilience of the crypto market and how it continues to evolve in the face of regulatory challenges, all while maintaining its position as a focal point for innovation and investment.

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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Crypto Veteran Investor Explains Bollinger Bands and How To Spot Gems Like Cardano and Bitcoin Spark

In the world of cryptocurrency investments, having the right tools and strategies at your disposal is crucial. That said, a veteran crypto investor recently explained Bollinger bands and how to spot gems like Cardano (ADA) and Bitcoin Spark (BTCS).

What are Bollinger bands?

Bollinger bands are a popular technical analysis tool. They consist of a middle line, usually a simple moving average, flanked by upper and lower bands that represent standard deviations from the average price. These bands help traders gauge price volatility and potential trend reversals, making them valuable for identifying entry and exit points.

Is Cardano a good Investment?

Cardano (ADA) ranks among the top 10 cryptocurrencies by market cap, showcasing its established presence. Its solid fundamentals, a team of renowned experts, and its commitment to scientific, research-driven development set it apart as a robust contender in the market. Cardano’s approach to scalability and sustainability through its multi-layered blockchain architecture and smart contract support has positioned it as a potential game-changer. These factors, combined with a growing ecosystem of decentralized applications, partnerships, and community support, make Cardano (ADA) an attractive investment option.

What is Bitcoin Spark?

Bitcoin Spark is a new Bitcoin hard fork that addresses its predecessor’s limitations and introduces new technologies that push the boundaries of what a decentralized digital currency can achieve. Nonetheless, Bitcoin Spark has a maximum supply of 21 million BTCS, maintaining the scarcity characteristic of Bitcoin (BTC).

By reducing the time per block, increasing individual block transaction capabilities, and substantially augmenting the number of nodes, the Bitcoin Spark network is able to process many transactions at fast speeds and low costs. This makes Bitcoin Spark a more suitable option for day-to-day and small crypto payments.

A critical facet of Bitcoin Spark’s evolution is its multi-layered architecture. This design includes a smart contract layer with multiple execution systems that all reach finality on the main network, ensuring scalability. With this addition, Bitcoin Spark is also able to accommodate various programming languages, including Rust and Ethereum Virtual Machine (EVM)-compatible languages like Solidity and Vyper. This flexibility opens up a world of possibilities for smart contracts and decentralized applications (DApps), expanding Bitcoin Spark’s utility.

Bitcoin Spark also introduces the Proof-of-Process (PoP), a consensus mechanism that ingeniously combines elements of both Proof-of-Work (PoW) and Proof-of-Stake (PoS), rewarding users for confirming blocks and contributing their processing power. This innovative mechanism restrains linear rewards by exponentially reducing rewards per additional power, ensuring a more equitable distribution. This, coupled with Bitcoin Spark’s vast nodes, allows for many validators. In fact, the Bitcoin Spark team will provide an application compatible with Windows, Mac OS, Linux, iOS, and Android, which will enable users to participate in network validation.

Bitcoin Spark envisions becoming a self-sustaining revenue-generation ecosystem. It will rent out the validators’ contributed power to individuals or organizations seeking remote computing power, who will be required to pay for the service using BTCS. 3% of the revenue will go to the team for upkeep, income, and maintenance, and the remaining portion will go to validators, giving additional rewards from the newly minted BTCS and transaction fees. The network will also overlay supplementary revenue-generation services, including advertising on its website and application. Network participants will receive a substantial 50% share of the revenue generated, ensuring they are contributors and beneficiaries of the network’s growth.

The Bitcoin Spark Initial Coin Offering (ICO) has been touted as a good investment opportunity, especially for those who missed out on cheap Bitcoin (BTC). The ICO is currently in Phase 6, with BTCS priced at $2.75 and investors getting a 9% bonus. BTCS is set to launch at $10, indicating a 393% increase for investors, and the crypto has significant potential for growth and adoption post-launch.

How to spot crypto gems

Identifying promising gems requires a combination of due diligence, market awareness, and a long-term perspective. Keep an eye on market sentiment and trends. Look for projects with strong fundamentals, a dedicated team, and a clear use case. Examine the project’s whitepaper, development progress, and community engagement. Check if it addresses real-world problems and offers innovative solutions. Also, consider factors like scalability, security, and adoption potential.

To get more information on Bitcoin Spark:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

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.

BONE Renouncing: A Bullish Sign for the Shiba Inu Ecosystem

BONE is the gas token of the Shiba Inu ecosystem’s upcoming Shibarium layer-2 scaling solution. On September 26, 2023, the BONE contract was renounced, meaning that the contract owner has relinquished control and the token is now fully decentralized.

Implications

This is a bullish sign for the Shiba Inu ecosystem for several reasons. First, it shows that the developers are committed to building decentralized and permissionless systems. Second, it makes BONE more attractive to investors, as they can be confident that the token will not be manipulated by the contract owner.

Price Impact On $BONE and $SHIB

The renouncing of the BONE contract also had a positive impact on the price of the token. In the 24 hours following the announcement, the price of BONE increased by nearly 7%. This suggests that investors are bullish on the long-term prospects of the Shiba Inu ecosystem and BONE’s role as the gas token for Shibarium.

However, it is important to note that the price of the native SHIB token is down 1.3% over the past 24 hours. This suggests that investors are taking a more cautious approach to SHIB, as the token is already more mature and has a much larger market cap than BONE.

Final Thoughts

Overall, the renouncing of the BONE contract is a positive development for the Shiba Inu ecosystem. It shows that the developers are committed to building decentralized and permissionless systems, and it makes BONE more attractive to investors. The positive price action of BONE following the announcement is a further sign of investor bullishness.

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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ETHEREUM PRICE ANALYSIS & PREDICTION (September 26) – ETH Calms Under $1,600 As Volatility Shrinks, Is Another Storm Around The Corner?

Ethereum started the second half of the year on a bearish note with no sign of recovery at the moment. However, the price has stalled below a key level for days. A surge above that level could activate a fresh increase. 

This month, Ethereum continued to show signs of weakness after rejecting the $2,029 level in July. The price has dropped by almost 25% ever since as the trend now looks bearish from a short-term perspective.

While undergoing a correctional phase, the price is currently trading around the lower boundary of the descending channel, which has been forming since April. This calmness came after testing the $1,670 level during a small recovery in the mid-month. 

However, there’s still hope for an increase from a mid-term perspective. If ETH repeats June’s bounce pattern from the lower boundary of the channel – leading to a surge above the immediate resistance line – we can expect a quick rally to $1,900 to test the channel’s upper boundary.

A cross above the channel would validate a continuation of the existing mid-term bullish before breaking higher.

In overall, ETH has seen roughly a 33% loss since it tapped the $2,141 level (the current yearly high) in April. A breakdown from the monthly low could cause more pain for the bulls as they continue to suffer.

ETH’s Key Level To Watch

Source: TradingView

While ETH remains calm, the closest support level to consider for a breakdown is $1,560 (marked as last week’s low), followed by the psychological $1,500 level and $1,461. The March low of $1,368 level would be the next selling target if those support cracks.

The potential resistance for an increase lies at $1,670 (marked as last week’s high). Higher resistance levels to keep in mind are $1,746 and $1,803.

Key Resistance Levels: $1,670, $1,746, $1,803

Key Support Levels: $1,560, $1,461, $1,368

  • Spot Price: $1,588
  • 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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Elon Musk’s Tesla May Recommence Bitcoin Payments After Bloomberg Report

In 2021, Elon Musk announced that Tesla would stop accepting Bitcoin payments due to concerns about the environmental impact of Bitcoin mining. However, he also said that Tesla would resume accepting Bitcoin payments once mining becomes approximately 50% sustainable.

Bitcoin Mining Sustainability Usage Surpasses 50%

A recent report by Bloomberg has verified that the current sustainable usage of Bitcoin mining surpasses 50%. This means that Bitcoin mining is now powered by more than 50% renewable energy sources.

This is a significant development, and it opens up the possibility of Tesla resuming Bitcoin payments. If Tesla does resume Bitcoin payments, it would be a major boost for the cryptocurrency industry.

Why Tesla Might Resume Bitcoin Payments

There are a few reasons why Tesla might resume Bitcoin payments. First, it would allow Tesla to accept payments from a wider range of customers. Second, it would allow Tesla to hedge against inflation. Third, it would be a way for Tesla to show its support for Bitcoin and the cryptocurrency industry.

However, there are also some challenges that Tesla would need to overcome before it could resume Bitcoin payments. First, Tesla would need to ensure that its customers are comfortable using Bitcoin. 

Final Thoughts

Overall, the possibility of Tesla recommence Bitcoin payments is a positive development for the cryptocurrency industry and Bitcoin investors. It would be a major boost for the Bitcoin ecosystem, help to legitimize Bitcoin as a payment method, and could lead to a significant increase in the demand for and price of Bitcoin.

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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ChatGPT Says Shiba Budz (BUDZ) Has A Strong Chance To Top ApeCoin (APE) And Cosmos (ATOM) In The Crypto Charts

Cryptocurrencies are constantly evolving, with new tokens like Shiba Budz (BUDZ), ApeCoin, and Cosmos gaining attention. AI model ChatGPT suggests Shiba Budz (BUDZ) has a strong chance to outperform ApeCoin and Cosmos in the crypto charts. Understanding the ecosystems behind these tokens can provide a promising investment option.

Shiba Budz (BUDZ): TreeHouse Ecosystem

Shiba Budz (BUDZ) designed the TreeHouse wallet for newer crypto users, ensuring easy navigation and confidence in using crypto. The wallet offers functions like De-Fi, Staking, Gaming, Votes, Payments, Rewards, and Web3, allowing users to utilize their $BUDZ holdings in their daily activities.

Shiba Budz (BUDZ)’ TreeHouse Gaming is a decentralized blockchain platform that allows gamers to earn real-world value tokens through gameplay, community contributions, or other actions. The platform integrates $BUDZ into gaming, creating new incentive structures and minimizing fraud. The decentralized nature of blockchain ensures transparent and immutable transactions, providing a secure environment for players to trade and interact.

ApeCoin (APE) Ecosystem: Ape-ing into the Future

ApeCoin is an ERC-20 governance and utility token that belongs to the APE ecosystem. This token has gained attention for its distinct features and growth potential. It has experienced a recent surge, with a 12.8% increase in just the past 14 days. Technical indicators and moving averages display buy signals, indicating a potential massive breakout for ApeCoin.

The APE ecosystem offers unique initiatives and creative features that set it apart in the crypto space. With a current trading price of $2.03 and a market cap of $747M, ApeCoin has caught the eye of bullish experts who foresee a rise to $2.32 by the end of 2023. This growth potential has positioned ApeCoin as a token to watch closely.

Cosmos (ATOM) Ecosystem: Interoperability for Seamless Communication

Cosmos takes a different approach within the crypto landscape by focusing on interoperability. Its goal is to create an internet of blockchains, allowing different blockchain networks to communicate and share information seamlessly. This interoperability enhances the efficiency and functionality of blockchain applications, making Cosmos a critical player in the blockchain ecosystem.

ChatGPT’s Prediction: Shiba Budz’ (BUDZ) Potential to Outperform ApeCoin and Cosmos

According to ChatGPT, an AI language model, Shiba Budz (BUDZ) has a strong chance to top both ApeCoin and Cosmos in the crypto charts. This prediction is based on various factors, including the unique features and growth potential of Shiba Budz (BUDZ)within its ecosystem.

Shiba Budz (BUDZ) stands out due to its distinct features within the ecosystem. The token’s utility within the ecosystem provides a cutting edge against both ApeCoin and Cosmos. By facilitating payment for smart contract processes, products, gaming, and liquidity, Shiba Budz (BUDZ) taps into the growing demand for digital currencies within the decentralized gaming market. 

Conclusion

ChatGPT predicts Shiba Budz (BUDZ), a gaming-focused token, has a strong chance to outperform ApeCoin and Cosmos in the crypto community. Despite their unique features, Shiba Budz (BUDZ) offers innovative solutions, transparency, and community engagment, making it a valuable investment for investors and enthusiasts.

Sign Up and Join the community via the website:https://shibabudz.org/ and Social media links: https://t.me/ShibaBudzP2E, https://twitter.com/ShibaBudz

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.

Loom Network Surges To Highest Price Since December 2021: Is An Extended Rally Imminent?

In a noteworthy development, the price of Loom Network ($LOOM) has recently reached its highest level since December 2021, surpassing the $0.126 mark before a minor correction. This surge in value has caught the attention of crypto enthusiasts and investors alike, prompting a closer examination of the potential factors behind this impressive rally.

Source: Santiment

$LOOM Exchange Supply Declines Significantly

One intriguing aspect to consider is the significant decrease in the ratio of $LOOM held on exchanges over the past five days, plummeting by 20.8% to a mere 14.9%. This decline in the availability of $LOOM on exchanges suggests that more holders are opting to secure their tokens in wallets, a behavior often associated with long-term investors who believe in the project’s potential.

Scarcity Effect And Potential Price Increase

Such a reduction in exchange liquidity can create a scarcity effect, potentially driving up the price further as demand outweighs supply. When combined with a renewed interest in the project, this trend indicates that the current rally might have room for further growth.

Loom Network Growing Ecosystem

Loom Network, known for its scalability solutions and focus on decentralized applications (dApps), has been steadily building its ecosystem. With a history of partnerships and collaborations, the project has continued to evolve, attracting both developers and users to its platform.

Many Factors To Consider Before Making Investments

However, as with any cryptocurrency investment, caution is advisable. Price volatility in the crypto market is a common occurrence, and investors should conduct thorough research and risk assessment before making any investment decisions.

Conclusion

Final Thoughts, Loom Network’s recent price surge to levels not seen since December 2021 is an exciting development in the cryptocurrency space. The decrease in exchange liquidity suggests that there may be more room for this rally to extend, but investors should approach with caution and conduct due diligence. The crypto market can be unpredictable, and while the potential for gains is enticing, it’s essential to be aware of the associated risks and market dynamics.

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 Hits 900 Million Transactions: A Milestone Amidst the Halving Event

Bitcoin, the pioneering cryptocurrency, has achieved yet another significant milestone on its journey to becoming a global digital asset. With over 900 million transactions processed, this achievement couldn’t have come at a more intriguing time, as the next halving event approaches.

Bitcoin Hits Major Milestone

The 900 million transaction mark is a testament to Bitcoin’s resilience and growing adoption. From its inception in 2009, when the first-ever Bitcoin transaction saw programmer Hal Finney receive 10 BTC from Satoshi Nakamoto, to today’s bustling ecosystem, Bitcoin has come a long way. It has transcended from a mere experiment to a financial juggernaut, reshaping the way we perceive and utilize money.

The impending halving event, scheduled to occur roughly every four years, reduces the rate at which new Bitcoins are created. This scarcity model has been pivotal in Bitcoin’s valuation, often leading to surges in price as supply decreases. With the next halving event on the horizon, the pressure on miners to secure the network intensifies, highlighting Bitcoin’s robust security mechanisms.

Bitcoin Continues Growing, Defying Traditional Financial

As Bitcoin matures, its role in the financial world evolves. It has garnered institutional interest and has become a store of value akin to digital gold. Investors, including well-known institutions and individuals, have diversified their portfolios with Bitcoin as a hedge against inflation and economic uncertainties.

The 900 million transactions mark underscores Bitcoin’s relevance as a means of transferring value globally, defying traditional financial boundaries. Whether it’s used for remittances, online purchases, or as an investment vehicle, Bitcoin’s utility continues to expand.

Final Thoughts

In conclusion, Bitcoin’s achievement of processing over 900 million transactions signifies its resilience, adaptability, and growing importance in the financial landscape. The upcoming halving event adds another layer of intrigue, emphasizing Bitcoin’s unique value proposition as a digital asset. As we look ahead, Bitcoin’s journey is bound to be filled with more milestones and transformative moments in the ever-evolving world of cryptocurrency.

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 Impact Of Increasing Self-Custody On $SUSHI, $REEF, $ELF, $BICO, $CRV, and $INJ

Self-custody, or the practice of holding cryptocurrencies in private wallets rather than on exchanges, is gaining traction among investors. This shift is particularly notable for coins like SUSHI, REEF, ELF, BICO, CRV, and INJ, as their supplies on exchanges are decreasing. Historically, such reductions in exchange supplies have been associated with positive price movements.

Source: Santiment

Watch These 6 Tokens

SUSHI, a prominent DeFi token, currently has only 35% of its supply on exchanges. This signifies a growing interest in self-custody among SUSHI holders. Similarly, REEF, with 51.99% of its supply off exchanges, is showing a clear preference for secure private wallets.

ELF, BICO, and CRV also demonstrate this trend, with 8.87%, 5.21%, and 5.36% of their supplies on exchanges, respectively. Notably, BICO’s low exchange supply is intriguing given its relatively recent entry into the crypto space.

Perhaps the most intriguing case is INJ, which has a negative supply on exchanges, indicating that more tokens are held in self-custody than on trading platforms. This could be attributed to the growing awareness of the importance of security among INJ investors.

Scarcity And Price Increase

The historical correlation between reduced exchange supplies and future price increases cannot be ignored. When more investors opt for self-custody, it reduces the availability of these tokens on exchanges, potentially creating scarcity and driving up demand. As demand increases and supply diminishes, the stage is set for potential price appreciation.

Final Thoughts

In conclusion, the shift towards self-custody is a noteworthy trend in the cryptocurrency market, particularly for assets like SUSHI, REEF, ELF, BICO, CRV, and INJ. While past performance is not indicative of future results, the data suggests that this move away from exchanges could be a positive sign for the prices of these tokens. Investors should carefully consider the implications of this trend when building or adjusting their portfolios in the ever-dynamic crypto 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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Chinese Court Recognizes Bitcoin As A Unique Digital Asset With Inherent Value

In a surprising turn of events, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. This landmark decision comes despite the Chinese government’s hostile stance on cryptocurrencies, including a blanket ban on all cryptocurrency activities, including Bitcoin mining, in 2021.

Court Recognised These Bitcoin’s Unique Qualities

The court’s recognition of Bitcoin’s unique qualities was revealed in a report released on September 25th, highlighting the rapid development of internet technologies. According to the report, Bitcoin distinguishes itself in the sea of digital currencies due to its distinct characteristics. It emphasizes that Bitcoin stands out as a digital asset with unparalleled scarcity and inherent value.

Bitcoin’s Scarcity

One of the key points made in the report is Bitcoin’s scarcity, a fundamental feature that sets it apart from the vast array of digital assets. With a fixed supply capped at 21 million coins, Bitcoin’s scarcity is akin to precious metals like gold, which have been historically valued for their limited availability. This acknowledgment reinforces Bitcoin’s role as a store of value.

Court Highlights Bitcoin’s Currency-like Attributes

The report also emphasizes Bitcoin’s currency-like attributes, including scalability, ease of circulation, storage, and the ability to serve as a means of payment. These qualities have contributed to Bitcoin’s global adoption and use, despite its decentralized nature and the absence of centralized authority.

Despite Bans, China’s Interest In The Space Continues

This recognition by a prominent Chinese court carries significant implications for the status of Bitcoin and other digital currencies within China. Despite the government’s strict stance on cryptocurrencies, local courts have increasingly acknowledged Bitcoin as personal property protected by law. This legal recognition provides a glimmer of hope for cryptocurrency enthusiasts in China, as it potentially paves the way for a more favorable regulatory environment in the future.

Conclusion

Finally, the Shanghai No.2 Intermediate People’s Court’s recent recognition of Bitcoin as a unique and valuable digital asset is a significant development in the ongoing cryptocurrency saga in China. It underscores the growing acceptance of Bitcoin’s inherent qualities and its potential to serve as a legitimate asset class. While the regulatory landscape remains uncertain, this judicial acknowledgment may herald a more nuanced approach to cryptocurrencies in China, balancing innovation and regulation.

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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CURVE DAO PRICE ANALYSIS & PREDICTION (September 25) – CRV Gains 8% Overnight Amid Bearish Trend, What Happened?

CRV saw notable gains in the past few days following a recent recovery in the global market cap. However, its mid-term bearish trajectory is still intact. It leads the top-gainer chart with an 18% increase in the past 7 days. 

Two weeks ago, CRV bounced off a crucial support level of $0.4 after experiencing a steady bearish impulsive movement all the way from $0.87 – registering an over 50% loss in the last two months. 

Although this retracement movement has brought a slight relief for the bulls. But they may continue to suffer losses as soon as the bears step back in action. As shown on the daily chart, CRV rejected the $0.56 level – June’s low – after almost testing the channel’s upper boundary yesterday.

That rejection could trigger another leg down if the price fails to break above the descending channel, which started to form in February. If a such scenario plays, the channel’s lower boundary would be the next sell target for the bears.

In case of a channel breakup, the main buying target level to keep in mind is $1.3 – marked as the current yearly high. An increase above that price level could activate a massive rally from a long-term perspective.

As of now, the market structure still looks bearish on the daily and from the look of things, the bears have the upper hand over the bulls to remain in control. CRV is still down by over 60% from year-to-date.

Curve’s Key Levels To Watch

CRV Chart
Source: TradingView

The $0.56 resistance level halted positive actions last week. If the bulls regroup to take this mentioned level this week, the next resistance levels to watch for a breakup are $0.65 and $0.75 before retesting the important $0.87 level.

CRV bears are attempting to claim back the $0.50 level. If that occurs, the recently bounced $0.4 support level would be targeted. A breakdown from there could further sink the price to $0.30 and $0.2.

Key Resistance Levels: $0.56, $0.65, $0.75

Key Support Levels: $0.40, $0.30, $0.20

  • Spot Price: $0.51
  • Trend: Bearish
  • Volatility: Moderate

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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Shiba Budz (BUDZ) Presale Is Set To Moon, While Bone ShibaSwap (BONE) hopes To Build Momentum

New tokens and ecosystems are continually developing in the cryptocurrency market to fulfill the expectations of consumers and investors. Shiba Budz (BUDZ) and Bone ShibaSwap (BONE), two of the new emerging tokens, have grown in popularity. These tokens have been creating a stir in the market, luring both investors and enthusiasts.  This article will examine the factors contributing to Shiba Budz (BUDZ)‘ explosive growth in popularity as well as Bone ShibaSwap’s creative marketing strategy for gaining traction in a cutthroat market.

SibaBudz (BUDZ) Presale Is Set To Moon

Shiba Budz (BUDZ) has experienced an unprecedented surge in interest and excitement, positioning it as the next big thing in the crypto market. The upcoming Shiba Budz (BUDZ) presale is set to moon, igniting a frenzy within the industry. But what exactly is driving this hype?

Driving Factors Behind the Presale Frenzy

  • BUDZ is the main token inside the Shiba Budz ecosystem, providing payment for smart contract procedures, virtual goods, gaming, and liquidity. BUDZ acts as the principal token within the Shiba Budz network. The token is a desirable investment opportunity due to its adaptability and variety of use cases.
  • Blockchains’ immutable ledger can provide a transparent and safe means to trace goods movement within the ecosystem. True Ownership, Cross-Game Compatibility, and Fair Play will all benefit from this.
  • $BUDZ will be used to develop unique rewards and loyalty programmes that will allow community members to compete in multi-reward competitions. 

With these driving factors at play, it’s no wonder that the Shiba Budz (BUDZ) presale is generating immense excitement and interest within the crypto market.

Bone ShibaSwap (BONE): Building Momentum in the Competitive Market

While Shiba Budz (BUDZ) captures the attention of investors, Bone ShibaSwap (BONE) is making its mark in the competitive market by adopting a unique approach to decentralized exchanges. Let’s delve into the key factors that set Bone ShibaSwap apart from its competitors.

The Role of Decentralized Exchanges

Decentralized exchanges (DEXs) have gained popularity due to their ability to address problems with centralized exchanges (CEXs). Unlike CEXs, which are subject to the decisions and regulations of a centralized authority, DEXs allow users to trade cryptocurrencies freely, based on market demand and supply.

Bone ShibaSwap: A Unique Approach to DEXs

  • Ethereum-based Ecosystem: Bone ShibaSwap is built on the Ethereum (ETH) network, leveraging its robust infrastructure and vast user base. This compatibility ensures seamless integration with existing Ethereum-based projects and enhances the token’s overall utility and liquidity.
  • Backbone of the Shiba Inu Ecosystem: Bone ShibaSwap serves as the backbone of the Shiba Inu (SHIB) ecosystem, adding value and functionality to the overall ecosystem. As a result, Bone ShibaSwap holds a unique position within the market, attracting attention from investors and users alike.
  • Innovative Features and User Experience: Bone ShibaSwap aims to provide a seamless and user-friendly experience for traders and liquidity providers. The platform incorporates innovative features, such as yield farming and staking, to incentivize participation and reward users for their contribution to the ecosystem.
  • Development of Shibarium: The upcoming launch of Shibarium, a layer 2 network, is expected to further transform the Shiba Inu ecosystem. Bone ShibaSwap plays a crucial role in this transformative era, positioning itself as a key player in the evolving crypto landscape.

By adopting a unique approach to decentralized exchanges and leveraging its position within the Shiba Inu ecosystem, Bone ShibaSwap aims to build momentum and establish itself as a prominent player in the competitive market.

Finally, Shiba Budz (BUDZ) and Bone ShibaSwap (BONE) are revolutionizing the cryptocurrency market with their cutting-edge methods and clever tactics. Due to its tokenomics, usability, and special use cases, the Shiba Budz (BUDZ) presale is expected to cause excitement among the industry. By providing a user-friendly DEX experience and establishing itself as a major player in the Shiba Inu ecosystem, Bone ShibaSwap wants to gain momentum in the meanwhile. 

Sign Up and Join the community via the website:https://shibabudz.org/ and Social media links: https://t.me/ShibaBudzP2E, https://twitter.com/ShibaBudz

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.

ChatGPT Picks Dogecoin (DOGE), Polygon (MATIC) and Shiba Budz (BUDZ) as The Token of 2023

In a recent analysis conducted by ChatGPT, three tokens have emerged as the top picks for 2023: Dogecoin (DOGE), Polygon (MATIC), and Shiba Budz (BUDZ). These tokens have gained significant attention from investors and are poised for success in the coming year. Let’s delve into the driving force behind these tokens and explore why they have captured the imagination of both crypto enthusiasts and mainstream investors.

Shiba Budz (BUDZ): The Rising Star of Decentralized Gaming

Shiba Budz (BUDZ) is creating a name for itself in the field of decentralized gaming by leveraging blockchain technology to simplify gaming procedures and build on-chain marketplaces.Shiba Budz (BUDZ), a cannabis-themed gaming platform, allows users to grow, stake, and earn BUDZ tokens through gaming competitions and prizes. This novel method combines the burgeoning gaming industry with the green movement, drawing consumers who are enthusiastic about both gaming and cannabis culture.

Shiba Budz (BUDZ)’ emergence as a top pick for 2023 has been aided by the presale. The presale allowed early investors to purchase BUDZ tokens at a reduced price, laying the groundwork for the token’s future success. In addition, the Shiba Budz (BUDZ) team has been hard at work creating a non-custodial wallet named TreeHouse wallet.

Dogecoin (DOGE): The Memecoin Phenomenon

Dogecoin, a joke cryptocurrency, has become a cultural phenomenon with its iconic Shiba Inu dog logo. Despite its lighthearted origins, Dogecoin has shown resilience and a dedicated community of supporters. Investors are interested in its potential for mass adoption, as it can tip content creators and support charitable causes. The Dogecoin community actively participates in philanthropic initiatives, such as clean water projects and Olympic athlete sponsorships. The strong community backing and widespread recognition of Dogecoin (DOGE)’s brand make it a promising token for 2023.

Polygon (MATIC): Revolutionizing Ethereum Scaling

As Ethereum continues to face scalability challenges, Polygon (MATIC) has emerged as a leading solution for scaling the Ethereum network. With its Layer 2 scaling technology, Polygon (MATIC) offers faster and cheaper transactions, making it an attractive option for users and developers alike. The implementation of Polygon 2.0, which introduces fundamental modifications such as a new POL token, has further solidified its position in the market.

One of the key driving forces behind Polygon (MATIC)’s success is its commitment to community governance. By actively involving the community in decision-making processes, Polygon (MATIC) has fostered a sense of ownership and inclusivity. This has attracted large-scale investors, or “whales,” who recognize the potential of Polygon (MATIC) to revolutionize the Ethereum ecosystem. The increasing network activity and the withdrawal of millions of MATIC tokens from exchanges indicate growing confidence in Polygon (MATIC), making it a token to watch in 2023.

Conclusion

ChatGPT’s analysis identifies Dogecoin (DOGE), Polygon (MATIC), and Shiba Budz (BUDZ) as top tokens to watch in 2023. Dogecoin (DOGE)’s memecoin phenomenon and mass adoption make it a unique player in the crypto market. Polygon (MATIC)’s innovative scaling solutions and strong community governance attract investors. Shiba Budz (BUDZ)’ focus on decentralized gaming and successful presale position it for significant growth in the gaming industry. These tokens are poised to impact the crypto market and drive innovation.

Sign Up and Join the community via the website:https://shibabudz.org/ and Social media links: https://t.me/ShibaBudzP2E, https://twitter.com/ShibaBudz

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.

What’s The Future For Maker (MKR), The Graph (GRT) and Shiba Budz (BUDZ)

Numerous projects with distinctive aims and cutting-edge solutions have surfaced in the constantly changing world of cryptocurrencies and decentralized technologies. Shiba Budz (BUDZ), Maker (MKR), and The Graph (GRT) are some of these initiatives. Each project has enormous promise for the future, helping to decentralize a variety of industries and opening up fresh opportunities for users and investors.

Shiba Budz (BUDZ): Decentralizing the Cannabis Process

Shiba Budz (BUDZ) has set out on a mission to decentralize the cannabis process, opening up opportunities for retail community investors to participate in this flourishing industry. The project aims to simplify accessibility to the digital infrastructure required for participating in the cannabis market. 

Shiba Budz (BUDZ) enables on-chain tasks such as product authentication, quality assurance, tokenization, smart contracts for regulatory compliance, and rewards and loyalty programs. By leveraging blockchain technology, Shiba Budz (BUDZ) ensures transparency, security, and efficiency in the daily operations of cannabis corporations.

The Future for Shiba Budz (BUDZ), Maker (MKR), and The Graph (GRT)

Shiba Budz (BUDZ): Revolutionizing Gaming 

Shiba Budz (BUDZ) has a bright future as long as it promotes community engagement and decentralization. Shiba Budz have improved the TreeHouse gaming platform to provide a Play-to-Earn strategy, which will transform the monetization strategy for games by allowing players to actually earn real-world value using blockchain tokens by playing a game. Tokenizing in-game assets makes it simpler to determine and confirm original ownership

Maker (MKR): Paving the Way for DeFi Innovation

Maker (MKR) is a project at the forefront of decentralized finance (DeFi). With the goal of creating an inclusive financial system, Maker offers a range of innovative solutions that enable users to access financial services without relying on traditional intermediaries. 

The future for Maker (MKR) looks bright as it continues to pioneer innovations in decentralized finance. With the creation of the Dai stablecoin and the concept of DAOs, Maker has paved the way for a more inclusive and transparent financial system. As DeFi gains traction and traditional intermediaries are challenged, Maker’s solutions will play a vital role in providing users with accessible and decentralized financial services. The platform’s community-driven governance ensures that Maker evolves according to the needs of its users, fostering innovation and decentralization within the DeFi ecosystem.

The Graph (GRT): Empowering Data Accessibility and Exchange

 

The Graph (GRT) is a project dedicated to facilitating the seamless exchange of data between blockchains and applications. As one of the first decentralized indexing and querying software available in the market, The Graph has gained significant traction and adoption.

The future for The Graph (GRT) is promising as it continues to enable seamless data exchange between blockchains and applications. With its decentralized indexing and querying software, The Graph (GRT) has already made a significant impact on the decentralized ecosystem. As more developers adopt The Graph’s APIs and subgraphs, data accessibility and responsiveness will improve, further enhancing the user experience for decentralized applications. The Graph’s focus on data accessibility and its ability to integrate with popular DeFi platforms ensure its relevance and importance in the future of blockchain technology.

In conclusion, the future of decentralized technology has immense promise for Shiba Budz (BUDZ), Maker (MKR), and The Graph (GRT). Shiba Budz wants to decentralize the cannabis production process, Maker is a leader in decentralized financial technologies, and The Graph facilitates frictionless data transfer. These initiatives contribute to the decentralization of industries and create new opportunities for both consumers and investors thanks to their distinctive missions and creative solutions. As these initiatives continue to spur innovation and influence the decentralized environment, the future seems promising.

Sign Up and Join the community via the website:https://shibabudz.org/ and Social media links: https://t.me/ShibaBudzP2E, https://twitter.com/ShibaBudz

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.

Altcoin Whales Shake Up Linear ($LINA) And Decentraland ($MANA) In 2023

While some altcoins have seen meteoric rises, others have displayed a rather unassuming price performance. However, two tokens that have recently caught the attention of the crypto community are Linear ($LINA) and Decentraland ($MANA). What makes them noteworthy is the sudden surge in whale transactions (3 months high), which have begun to appear on @santimentfeed’s dashboards.

Source: Santiment

LINA and MANA Whale Activities Surge

Linear ($LINA), a blockchain-based synthetic assets platform, and Decentraland ($MANA), a virtual reality metaverse, have both been regarded as promising projects with unique use cases. Yet, their price movements in 2023 have been relatively quiet compared to the fireworks seen in other corners of the crypto market. This has led many to wonder what’s brewing beneath the surface.

@santimentfeed, a popular crypto data analytics platform, has shed light on the situation. Their dashboards are now showcasing a notable increase in whale transactions for both $LINA and $MANA. This sudden uptick in large transactions by influential investors, often referred to as “whales,” has piqued the curiosity of traders and investors alike.

Whale Activities Interpretation

The influx of whale activity can be interpreted in several ways. It may indicate a growing interest among institutional players in Linear and Decentraland, potentially foreshadowing a bullish trend. Conversely, it could also signify profit-taking by early investors, which might lead to short-term price volatility.

Final Thoughts

For traders and enthusiasts, the message is clear: keep an eye on $LINA and $MANA. The crypto market is ever-evolving, and the actions of whales can serve as valuable indicators. Whether these altcoins will make significant moves in the near future remains uncertain, but one thing is certain: in the dynamic world of cryptocurrency, surprises are always just around the corner.

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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MicroStrategy Bolsters Bitcoin Holdings with $147.3 Million Purchase

In a move that reaffirms its commitment to cryptocurrencies, MicroStrategy, a leading business intelligence firm, has recently announced the acquisition of an additional 5,445 Bitcoin (BTC) for approximately $147.3 million. This strategic investment was made at an average price of $27,053 per BTC, further expanding MicroStrategy’s already substantial crypto portfolio.

MicroStrategy Now Holds 158,245 BTC

As of September 24, 2023, MicroStrategy proudly holds 158,245 BTC, a testament to its unwavering belief in the long-term potential of Bitcoin. These holdings were accumulated at an average price of $29,582 per BTC, with a total investment of around $4.68 billion. This acquisition not only solidifies MicroStrategy’s position as one of the most prominent corporate holders of Bitcoin but also underscores the company’s bullish outlook on the digital asset.

MicroStrategy’s decision to allocate significant resources to Bitcoin can be seen as a strategic hedge against inflation and fiat currency devaluation. In a world marked by economic uncertainty, cryptocurrencies like Bitcoin offer a store of value and a potential safe haven for corporate treasuries.

Major Influence Over Other Institutions

Moreover, MicroStrategy’s ongoing commitment to cryptocurrency could influence other institutions to explore digital assets as part of their investment strategies. It serves as a beacon for mainstream adoption, potentially catalyzing a wave of corporate interest in Bitcoin and other cryptocurrencies.

However, it’s essential to acknowledge the inherent volatility and regulatory challenges associated with cryptocurrencies. MicroStrategy’s continued success in this venture will depend on its ability to navigate these challenges effectively and manage its crypto holdings prudently.

Final Thoughts

In conclusion, MicroStrategy’s latest Bitcoin purchase reflects its confidence in the future of cryptocurrencies and its dedication to diversifying its treasury holdings. As the crypto market continues to evolve, MicroStrategy’s pioneering approach may serve as a guiding light for other businesses seeking to harness the potential of digital assets in a rapidly changing financial 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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Making Informed Investments: A Lesson From A Whale’s $15K Loss On $ARB

Approximately 40 minutes ago, a notable crypto investor withdrew a substantial amount of $ARB tokens, totaling $1.14 million, from the popular exchange #Binance. This move came after the investor had initially deposited $1.13 million worth of $ARB on July 3rd when the token was valued at $1.17 per coin, resulting in a loss of approximately $15,000.

Source: Lookonchain

This scenario highlights the importance of making well-informed investment decisions in the cryptocurrency market. Cryptocurrencies are notorious for their price volatility, and investors must exercise caution and conduct thorough research before entering the market. Here are key takeaways from this situation:

  1. Timing is Crucial: The whale’s loss of $15,000 on $ARB can be attributed to poor timing. They entered the market when the token was relatively high-priced at $1.17. Timing the market can be challenging, but careful analysis of market trends and historical data can help mitigate risks.
  1. Diversification Matters: A prudent strategy is to diversify one’s crypto portfolio. By spreading investments across different cryptocurrencies, investors can reduce their exposure to losses in a single asset. Diversification helps cushion the impact of price fluctuations.
  1. Stay Informed: In the fast-paced world of cryptocurrency, staying informed is essential. Market sentiment, news, and technological developments can influence prices significantly. Being aware of these factors can help investors make informed decisions.
  1. Risk Management: Implementing risk management strategies, such as setting stop-loss orders, can limit potential losses. It’s crucial to define risk tolerance and stick to a predetermined investment plan.
  1. Long-Term Perspective: Cryptocurrency investments should ideally be viewed with a long-term perspective. Short-term price fluctuations are common, but many cryptocurrencies have shown substantial long-term growth.

Conclusion

Finally, the recent $15,000 loss incurred by a whale on $ARB serves as a reminder of the inherent risks in the cryptocurrency market. To navigate this landscape successfully, investors must be diligent, informed, and prudent in their decision-making. By doing so, they can minimize the chances of experiencing significant losses and enhance their potential for long-term gains.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Whale Activity Signals Bullish Sentiment As $CRV Price Surges 12%

In the world of cryptocurrencies, whale activity often serves as a significant indicator of market sentiment and trends. Today, the price of $CRV, the native token of Curve Finance, saw a remarkable surge of approximately 12%. This surge is accompanied by notable whale activity, indicating that large investors are accumulating $CRV tokens.

Prominent CRV Whale

One prominent whale address, 0xDf14, has been actively participating in $CRV transactions. They withdrew a substantial 5.17 million $CRV tokens, valued at approximately $2.7 million, from the renowned exchange #Binance. Remarkably, this withdrawal adds to their recent total of 14.44 million $CRV tokens, amounting to an impressive $7.55 million.

Another significant withdrawal came from address 0xEfb8, who withdrew 5.78 million $CRV tokens, valued at approximately $3.02 million, from #Binance within the last 7 hours. These actions by whales like 0xDf14 and 0xEfb8 are indicative of their confidence in the future prospects of $CRV.

Diamond Hands As Whale Stakes All Holds

Notably, 0xDf14 made a similar withdrawal of 5.12 million $CRV tokens (approximately $2.7 million) from #Binance six hours ago, accumulating a total of 19.56 million $CRV tokens, valued at an impressive $10.33 million, over the past three days. What’s striking is that the whale has chosen to stake all their $CRV tokens on #Convex, which could signify a long-term commitment to the project.

Whale activities of this magnitude often spark interest and discussion within the cryptocurrency community. While they can indicate bullish sentiment, it’s essential for retail investors to exercise caution and conduct thorough research before following in the footsteps of whales. Cryptocurrency markets are known for their volatility, and prices can change rapidly.

Final Thoughts

In conclusion, the recent surge in the price of $CRV coupled with substantial whale activity, particularly the actions of 0xDf14 and 0xEfb8, suggests growing confidence in the future of Curve Finance. However, investors should remember that the crypto market remains speculative and highly unpredictable. Sound investment strategies, risk management, and staying informed about market developments are essential for navigating this exciting yet volatile landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

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