Ever since the year started, Bitcoin has been making some pretty good price movements. The king crypto has increased by a whopping 39% in the past 30 days.
This impressive action has sparked enthusiasm among traders and investors alike, and this month is on its way to becoming the best one Bitcoin (BTC) has had in a decade.
Best January in a Decade
The last time BTC had a better price movement in January is 2013 when it rose by 43% in just four weeks.
Bitcoin investors have seen negative returns in January six times out of the previous ten years, while on the other four occasions, they have seen double-digit marked increases. None was, of course, as good as this one.
Bitcoin’s price action appears to be setting up for a continuation of its recent climb from a technical point of view as well. As can be seen in its chart, a golden cross is very close to forming on the daily time frame, which is a bullish omen for the market.
After a prolonged period of Fear and Extreme Fear, the widely followed Bitcoin Fear & Greed Index just went back into the neutral zone (that is, above 50) for the first time after moving back and forth between Extreme Fear and Fear for quite some time.
The start of the subsequent Bitcoin bull market is typically when a sustainable rebound back into neutral occurs, like at the beginning of 2019 and then once more in the middle of 2020.
The entire crypto market is on a surge. The recent increase in cryptocurrency prices can be linked to the possibility that interest rate hikes will no longer be implemented. The fact that riskier investments, such as cryptocurrency, have been less appealing over the course of the past year as a result of increased interest rates makes the likelihood that they will fall down an incentive to invest.
The year 2023 has so far been a positive one for cryptocurrencies, especially the twenty sixth cryptocurrency, Aptos which has offered 10x profit to investors. Aptos which was launched in mid-Oct 2022 has managed to gain more than 400% since 2023. The altcoin also hit an all-time high of $19.61 on January 26, 2023.
At the time of reporting, Aptos is trading at $17.87 with a fall of 0.51% over the last 24hrs.
Aptos To Face A Huge Sell Off
While Aptos investors are enjoying their profits, most of the industry experts believe it to be a pump and dump event which will see a pull back soon. One such crypto analyst known with an anonymous name, Kaleo. The analyst is trying to inform his 559,500 Twitter followers that this smart contract-enabled blockchain will soon see a sell off against the US dollar.
Kaleo claims that when Aptos is compared with Bitcoin which is about to form an upward movement, Aptos will most likely see a massive sell off.
However, it is also important to note that Aptos, which started the year 2023 at $3.45, managed to hit an all-time high of $19.61 just a day ago. This phenomenon points towards the currency’s massive bull run.
Bitcoin At $45K
On the other hand, Kaleo also spoke about Bitcoin’s price action where he claimed that the flagship currency will soon overpower altcoins. Further the analyst believes that Bitcoin might soon move towards $45,000 level before sliding below $30,000 this year.
At the time of writing, Bitcoin is valued at $23,104 after a surge of 1.25% over the last 24hrs.
Bitcoin is the path builder for Ethereum and other major altcoins as most of the cryptocurrencies follow the path of Bitcoin price. Ethereum, the second largest cryptocurrency. After Ethereum hit a high of $1,673 on Jan 21, the lead altcoin started its downward journey and has been struggling for a major push since then.
However, the bulls are quite active near $1550 as the currency is holding strongly above this level. At present, Ethereum is changing hands at $1,578 after a pullback of 1.59% over the last 24hrs, but has gained nearly 4% in the last seven days. The immediate resistance for Ethereum is positioned at $1585 and support is at $1,570.
However, one of the popular crypto analysts and traders, Benjamin Cowen, is not so happy with the current price action of Ethereum. The analyst tries to inform his 783,000 subscribers at Youtube that Ethereum will most likely be pulled back towards the $600-$800 area. If that happens, Ethereum will face a downfall of nearly 60% from its current trade price.
Ethereum Price At $600
As per the analyst, Ethereum will not witness any bull market until ETH drops near the $600-$800 area which he calls as home base. Furthermore the analyst quotes that
“Despite that, I still do think it is more likely than not that eventually it’s going to go into this lower regression band. Whether that means we go to it or it comes to us of course is up for interpretation. I think it’s more likely going to eventually break to the downside.”
Meanwhile, it is important to note that Ethereum’s Shanghai upgrade which is scheduled to be completed by March 2023 is set to have a huge impact on the network. Through this upgradation which is also known as Ethereum Improvement Proposal (EIP) 4895, users will be allowed to withdraw their staked ETH. If the upgradation is successful, the market experts believe that Ethereum price might hit its next bull run.
As the broader cryptocurrency market recovery gathers steam, the price of Cardano (ADA) has increased by 45% over the past month and 7.7% over the past week. However, in addition to the general market rebound, the much-anticipated launch of the DJED stablecoin on the mainnet, which is planned for this month, also supports the bullish Cardano market sentiment.
Just before the debut, the well-known Singaporean cryptocurrency exchange Bitrue revealed plans to list the DJED stablecoin together with SHEN, its reserve coin. Before a user can receive Djed, more than 400% in collateral value must be provided. Djed will be backed by other tokens. By doing this, it will be possible to replace the volatile gas fees with a transaction cost that is consistent and predictable.
“As part of our effort to stake the ADA that is deposited to the Djed smart contract and generate extra rewards for SHEN holders, we are developing a snapshot mechanism and UI that will be added to djed.xyz, where SHEN holders will be able to track these extra rewards,” as reported by Coindesk, the developers said.
The ADA token, which is the native currency of Cardano, is being used to finance the Djed cryptocurrency. Users will be able to transfer ADA to the platform’s smart contract in order to earn Djed in return. As the preferred currency for covering transaction costs on the Cardano network, it aims to replace all other cryptocurrencies.
Through an official blog post on its website and a subsequent tweet from COTI Network, Bitrue announced its intentions to list DJED. In the near future, Bitrue intends to add support for DJED and SHEN staking, according to the blog announcement. SHEN is the reserve token to be used in preserving DJED’s peg to the dollar and is supported by Cardano.
In the meantime, COTI, the payments platform in charge of the stablecoin’s issuance, has made a number of advances to guarantee the launch is a success with the introduction of DJED anticipated on the mainnet this month. The public testnet version of DJED v. 1.1.1 with Vasil compatibility was made available by COTI last month.
Shiba Inu seems to be on the cusp of another bullish breakthrough as investors are stoked after a relief rally around the New Year. At the time of this writing, one meme token is worth $0.00000962, reflecting an increase of 1.9% over the course of the previous twenty-four hours and 14.6% over the course of the previous seven days.
SHIB Still In Hot Water
However, the on-chain data provided by InTheBlock demonstrates that Shiba Inu remains rather gloomy. In addition, 56 percent of people who are holding SHIB are submerged, while just 25 percent are keeping their heads above water.
The on-chain bear signals are more powerful than the bull and neutral signals, as can be seen in the screenshot that is presented above. In addition to this, the signals from the exchange are negative. The overall direction of the signals for SHIB is bearish.
Contrarily, data from IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model indicates a bullish outlook in Shiba Inu price, at least until the big selling congestion zone around $0.000011 has been labeled.
Although notably, during the last several weeks, investors have moved their focus to alternative cryptocurrencies, with a particular emphasis on meme coins such as Dogecoin and Shiba Inu.
According to data that was only just made available by WhaleStats, a cryptocurrency platform that keeps track of huge transactions, SHIB is once again one of the smart contracts that are used the most often by the top 500 Ethereum (ETH) whales.
On January 13th, the coin was also included amongst smart contracts for the top 1,000 largest Ethereum whales. The Shiba Inu contract had the lowest volume in the top ten, behind WETH, BOBA, NMR, ETH, USDT, and USDT. Also, among the top 5,000 Ethereum whales, SHIB is the coin that has seen the highest trading activity.
SHIB Price Analysis
The Moving Average Convergence Divergence (MACD) indicator and the candlestick chart for Shiba Inu both point to the buyers being in the driver’s seat. After the 50-day Exponential Moving Average (ETH) passes over the 100-day EMA, investors who have been betting on long positions in the Shiba Inu price may choose to maintain their bets. Shiba Inu longs may rest easy as long as they stay just over $0.00001, its imminent resistance.
Traders and investors should use caution since Shiba Inu does not have widespread support on the IOMAP. However, given the increasing trade volume, shorting SHIB is not a good idea.
The Merge, which began on the alternative cryptocurrency network in September 2022, was the most notable update to the Ethereum (ETH) network. The goal of this ETH hard fork was to implement the proof-of-stake (PoS) consensus mechanism. All of us are eagerly anticipating the next update, Shanghai hard fork.
Traders have very high hopes for the update, which is scheduled for 2023. Staking cryptocurrency units on the Beacon Chain will be unlocked and made available for trade as part of the upgrade, which should increase Ethereum’s market liquidity. But what market prospects exist ahead of the main update?
What Traders Are Saying?
In a conversation with CoinDesk, many prominent cryptocurrency traders and experts revealed their essential ideas and forecasts on the market effect of the Shanghai upgrade.
Thomas Kralow, a cryptocurrency trader, believes that the Ethereum price may drop temporarily before and after the upgrade because daily liquidity will not be sufficient to absorb the influx of unstaked ether. The trader forecasts that the anticipated price decline wouldn’t amount to more than 15%-20% and that ETH should rebound fast.
Chief investment officer of digital-asset management company Arca, Jeff Dorman, has said that ETH is, in effect, a cryptocurrency index at this point. When asked whether he was concerned about a sell-off after the update released staked ETH, he said he wasn’t.
There may be pent-up demand from those who have been without liquidity for the last six months or so, but Dorman predicts that this will be more than offset by the influx of new speculators who didn’t bet the first time around due to a lack of available funds.
Umee’s CEO and co-founder Brent Xu anticipated some selling pressure after the Shanghai upgrade. He went on to say that this is a balancing act between the maturity of the proof-of-stake protocol and the degree to which its users are comfortable with and confident in its decentralization and transparency.
Time will tell how the Shanghai hard fork affects Ethereum’s price. Even while it is generally agreed that when tokens are released, investors will sell their cryptocurrency, this may not really occur.
Because of the high staking incentives for ether, some people may choose to keep their cryptocurrency locked in order to contribute to network validation while still earning a passive income.
When networks are updated, alternative cryptocurrencies often benefit. The move to proof of stake by ETH demonstrated this. However, if Shanghai fails to offer results that are in line with what the market is anticipating, a fall in ETH capitalization could be witnessed. But again, only time can tell.
The crypto space is curiously waiting for the Consumer Price Index (CPI) data which is scheduled to be released today, Jan 12 2023. The crypto market sentiment ahead of CPI release seems to be quite positive as the world’s largest cryptocurrency by market cap, Bitcoin has surged beyond $18,000 levels. Bitcoin price rally has influenced other currencies like Ethereum, XRP, Cardano, Solana among other altcoins.
At the time of publication, Bitcoin is selling at $18,237 after a rise of 4.61% over the last 24hrs.
Meanwhile, most of the industry experts are of the opinion that today’s CPI data will have a positive impact on the crypto market. One of the well-known crypto analysts, Michael van de Poppe claims that the CPI for December will most probably fall around 6.5% from last month’s 7.1%. However, Van de Poppe also warns that the crypto market may witness some corrections before the bulls are back.
Bitcoin Price To Hit ABove $19k ?
Also the reports, in December the annual inflation rate in the US has plunged to 6.5% which is the lowest since October 2021. As per Michael van de Poppe’s earlier claim he had predicted that if Bitcoin holds on to $17.3k, there will be a bull run. Hence, as the King currency has moved beyond the said target, BTC might move past $18.5K.
On the other hand, it’s just not crypto experts, even Wall Street banks and Economists have portrayed their bullish stance towards a fall in CPI data for December. The reason for their positive approach is the reduced energy price seen during December for example, Gasoline which has dropped by 12% from November to December.
However, today’s Bitcoin price movement is mostly dependent on today’s CPI report which could either make or break its movement towards $19k. The same is predicted by Altcoin Sherpa where he claims that after CPI data is out Bitcoin might be pulled down towards $16,800.
Hence, it’s important for traders and investors to wait for the CPI report before making any further decision.
Bitcoin price has gained approximately 4.14 percent in the past 24 hours to trade around $18,163 during early Asian trading sessions on Thursday. The global crypto market capitalization pumped approximately 3.32 percent to stand at approximately $885.59 billion today. The stock market led by key indexes like Dow, S & P 500, and Nasdaq also rallied ahead of today’s December Consumer Price Index (CPI) report for investors.
The Consumer Price Index (CPI) from the Bureau of Labor Statistics shows how the prices of goods and services changed in a given month. Notably, consumer prices account for a majority of overall economic inflation.
While the United States controls approximately 25 percent of the global economic activities, market strategists believe today’s CPI data is crucial for the entire world including crypto assets. As such, economists polled by Dow Jones expect the December CPI report to show that prices dipped 0.1 percent from the month before.
“What makes [today’s] consumer price index number a big deal? Simple: We’re looking to see if we’re nearing the end of the period where companies can raise prices with impunity,” CNBC’s Mad Money host Jim Cramer noted.
Closer Look at Bitcoin Price and Crypto Market Outlook
Bitcoin price is at a crucial crossroads that could either see the end of the year-long bear market or a continuation. From a technical standpoint, Bitcoin price is retesting last December’s high, and a support level that held since mid-2022 until the FTX implosion. A breakout above this level could invalidate the 2022 bear market, with analysts expecting a consolidation before the onset of the next bull market.
However, a pullback from the current Bitcoin price level could result in a correction toward $15,500. Consequently, the altcoin market could pull back from the ongoing rally. As such, analysts have cautioned crypto traders to be patient with the market in such times.
Moreover, the fear of missing out alias FOMO could result in a huge stop hunt as long traders get liquidated before a pullback in the coming days. Some of the best-performing altcoins in the past 24 hours include Avalanche (AVAX) which has gained approximately 22.43 percent to trade around $15.43 on Wednesday.
Nonetheless, some altcoins lost significantly in the past day including Solana’s latest meme coin BONK exchanged for $0.00000103, down approximately 34 percent.
The beginning of the year 2023 has impacted positively on cryptocurrencies, especially the last one week . During this time the majority of cryptocurrencies like Bitcoin, Ethereum, BNB, Cardano and other altcoins have remained bullish. Currently, in the last 24hrs Bitcoin has gained 4.05% while Ethereum has surged 4.87%.
However, it’s been observed that altcoin dominance has now hit its highest level while that of Bitcoin’s has slipped to its lowest level. CryptoQuant analyst claims that Bitcoin dominance has dropped to 16%.
Altcoin’s Dominance Surge Against That Of Bitcoin
The dominance by volume is an indicator which measures the total crypto market trading volume which is shared by one particular currency. If this indicator rises for any crypto it suggests that the currency is currently seeing high activity compared to other currencies. On the contrary, if the dominance decreases it means that the particular coin is losing interest among its investors.
The below graph represents the dominance by volume of Bitcoin and altcoins (except Ethereum) in the last few years. By this graph we can clearly learn that Bitcoin’s dominance by volume has plunged to hit 16% which is the lowest in the last two years.
However, the altcoins dominance by volume has surged a whopping 64%. This claims that Bitcoin has lost its market share to altcoins.
CryptoQuant has marked this phenomenon as a not so good event as whenever altcoins have surged the bulls have not held up well resulting in a massive fall. The firm gives an example of the 2021 bull run which took place when altcoins had a higher trading volume dominance against Bitcoin. However, the rally didn’t last for long as immediately after 2021 ended, the year 2022 had severe downfall including FTX collapse.
Hence, though the crypto market is observing a bullish trend, if history repeats this bull action won’t last for long.
Even though the year 2022 has been a roller coaster ride, the start of 2023 has been pretty much on a positive note as the crypto market seems to be recovering. The star cryptocurrency, Bitcoin which was struggling to even move beyond $15,000, has now successfully captured $17.5 levels. This has resulted in a bullish market.
However, as Ethereum bulls are making a gradual move one of the ETH whales has pulled out 15,500 Ethereum (ETH) which is worth nearly $20 million. This withdrawal has been made from various liquidity pools and this $20 million was then moved to Binance exchange. This was confirmed by Lookonchain, a on-chain analytic firm via Twitter post where the firm claimed that the whale has withdrawn the said amount from Convex, Lido, Curve and Balancer liquidity pools.
Ethereum Witness Decreasing Trade Volume
The firm also stated that in September 2022, the whale had 30,000 ETH and now after the withdrawal, the whale is worth just $19.58. Furthermore, over the last 10 days the whale has sent nearly 20,000 ETH to Binance. Hence, the crypto space believes that Ethereum price is about to plunge.
Meanwhile, it’s been observed that Ethereum price trade is not that productive when compared to that of Bitcoin’s. In the last 24hrs, Bitcoin has gained $0.85 while Ethereum has managed to rise only 0.02%. Also Ethereum’s trading volume has plummeted 12% over the last 24hrs which suggests that ETH is losing interest.
At the time of publication, Ethereum price is selling at $1,331 after a surge of 0.02% in the last one day. The lead altcoin should hold on its trade above $1,300 to see its next climb of $1,400 and then $1,500.
It has been 100 days since the ETH Merge! By turning off energy-intensive mining 100 days ago, the Ethereum network became a beneficial contributor to global health.
The Merge combines the current execution layer with the just-deployed consensus layer (the Beacon Chain), creating a mainnet platform secured by proof-of-stake while preserving the current state of Ethereum.
Several advantages of ETH include, First of all, Ethereum enables more users to join the network. Secondly, Sharding is also made possible by the Merge. Third, Ethereum now has a better environmental impact.
Is ETH more resilient than BTC?
In a recent tweet by @Ethprofit it displayed charts from the ETH network indicating the resilience of ETH in comparison to BTC. ETH is running at almost 100% capacity, with no validators dropping off. Additionally, it demonstrated how the BTC loses 30% of its security overnight because of being too “cold.”
ETH is heading to become the world’s top NFT ecosystem. In 2022, a total of $23.7 billion worth of NFTs were minted and traded on Ethereum and the weekly volume reached $1.6 billion.
However, it’s not all good news this holiday season for ETH. The issuance of Ethereum is currently close to zero. The supply is only increasing by 0.012% annually and has slightly decreased since reaching a peak of 121.3K ETH. The fundamentals look positive for ETH but this has not been reflected in the price action of the currency despite good developments in the industry.
Ethereum is presently trading at $1,220 per unit. Since the asset has stayed range-bound at $1,200, there hasn’t been much of a change in price over the weekend. Analysts believe that the price of ETH will continue to fall. The support at the current levels may also be shattered soon, according to technical indicators.
What does 2023 look like?
Ethereum is currently trading at $1,220. Even though the market is favorable for a surge in prices of the coin. In reality, there has been almost no change in the prices at all. Multiple analysts believe that the price will continue to fall.
For many crypto traders, 2022 was a rough year. The crypto market saw new lows in the following quarters after hitting its all-time high (ATH) in November 2021 with a $3 trillion market valuation. Despite LUNA’s decline predicting a comeback in Q3, the FTX exchange disaster delivered the crypto industry another blow, sending Bitcoin prices to break below the $20k support.
Few tokens are currently suggested as suitable purchases in Q4. While others are in doubt, other projects are still in decline. The tokens TRON, $BNB, and $SHIB are a few to consider. Nevertheless, $ORY from Oryen Network is one token you cannot afford to miss.
Binance Coin: What is it?
The utility-rich Binance Coin ($BNB) is a native token of the Binance Smart Chain and centralized exchange, the biggest CEX in terms of trading volume. The token facilitates transactions on these exchanges, which provides significant fee reductions. $BNB is used to provide liquidity and trade NFTs outside of the exchanges.
Despite its ‘endless’ utility, the price of $BNB has fallen 15% in the last two months. Compared to other major projects, which have declined more than 50% during the same time, its performance is strong.
Launch of Oryen on BNB Chain
BNB Chain, one of the most extensive and most successful decentralized infrastructures in the blockchain environment, will shortly host the debut of Oryen Network. The world’s biggest crypto and derivatives exchange, Binance, created the BNB Chain after crowdfunding, similar to that of Oryen Network. The network encourages the creation of decentralized applications, or DApps, as well as the use of smart contracts. Along the chain, BNB also helps the BSC network.
Due to this blockchain’s global accessibility, ORY, Oryen’s native token, will be accessible to all types of investors from all over the world once it debuts. Additionally, crypto institutions such as hedge funds will gain access to the token, playing a major role in $ORY’s success. The storyline and market positioning of Oryen Network have Steven Clarke in good spirits.
Oryen’s ICO Performance
Despite the negative trends in the cryptocurrency markets, ORY has increased 3X in the past two months. Very few projects have had growth in the same time frame throughout the entire crypto market.
The platform plans to launch a decentralized exchange known as Oryen Swap to help investors and traders swap and trade tokens anonymously. The DEX will not require users to pass KYC requirements as centralized exchanges do. All trades and transactions will be anonymous, without traders having to produce their personal information. The decentralization will also shield crypto-savvy investors from the impending regulations likely to hit centralized entities after the collapse of the FTX exchange.
Even before the coin is live on mainnet, the continuing presale will deliver gains to the last investment. The platform plans to be the best choice for both short-term and long-term investors, with a 90% APY on all investments. Additionally, Oryen Network takes staking to a whole new level by eliminating the use of smart contracts. Smart contracts deployed on blockchain networks are currently widely used in the staking field. Oryen will utilize a risk-free value wallet that has inbuilt auto-staking and auto-compounding features to automate the process.
Global finance is moving toward DeFi. Investing in interesting enterprises that offer passive income and allow you to make money while you sleep is crucial. As the present presale concludes, it will persuade more investors to buy Oryen, leading to further price increases. Buy ORY now to gain an advantage in the ecosystem.
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The leading cryptocurrencies have been demonstrating a strong trend as we woke up to another piece of good news about SBF being refused bail and required to be imprisoned until February of the next year.
The publication of the Consumer Price Index (CPI) statistics for the month of November may be credited for the unexpected spike in the price of cryptocurrencies. According to recent reports, the annual rate of the CPI has decreased to 7.1% from 7.7% in October. On the other hand, around 7.3% was projected to be the CPI reading for the month of November.
Binance, the biggest cryptocurrency platform in the world, has been having some difficulties as of late. Apparently, the exchange witnessed withdrawals of nearly $2 billion in the previous 24 hours, according to blockchain analytics company Nansen.
The amount of $1.9 billion is the greatest daily outflow since at least June and was responsible for the bulk of the $2.2 billion in Ethereum-based withdrawals that occurred over the course of the last week.
Binance lost $902 million on Monday due to withdrawals. The sudden withdrawal of capital by investors may be the result of government pressure on the exchange. A long-running criminal inquiry into Binance’s compliance with US anti-money laundering rules and penalties has been slowed by disagreements among prosecutors at the US Department of Justice.
What Does CZ Have To Say About It?
Changpeng Zhao, the Chief Executive Officer of Binance Holdings Ltd., issued a response in which he cautioned his team members to expect difficult months ahead and stated that the firm will overcome current challenges. In doing so, the cryptocurrency billionaire attempted to assuage concerns regarding the state of the company’s finances.
CZ said that the cryptocurrency sector is at a historic moment in a message that was given to employees. CZ also stated that Binance is in a good financial position and would survive any crypto winter.
In his words:
“While we expect the next several months to be bumpy, we will get past this challenging period – and we’ll be stronger for having been through it.”
Referring to the widespread exodus of investors, he noted that as a result of the recent collapse of FTX, his company has been subjected to a great deal of additional scrutiny and difficult inquiries.
There is no question that the failure of FTX has shaken the confidence of investors, which has driven some traders to seize control of their tokens and remove them from exchanges.
The failure of FTX has unquestionably resulted in a great deal of havoc across the sector. It was decided this morning not to grant the disgraced founder, SBF, bail, and it is obvious that this whole drama is the reason for the problems Binance is now experiencing.
The cryptocurrency industry may be in for additional difficulty as a result of this. All day, every day, people deposit and withdraw funds for a wide range of reasons. Binance has a debt-free capital structure and guarantees all user assets at a 1:1 ratio. Consequently, I believe the investors’ current stance is very reasonable.
The crypto space appears pretty bullish as the Bitcoin price gained some strength and raised notably to reach the target of $17,500. Meanwhile, Litecoin, which is also called a Lite version of Bitcoin also appears to be poised to kick off a firm bull rally very soon. With the revival of the bullish trend, the majority of the altcoins may also follow causing a fine bullish divergence.
Whale accumulation is one of the major indicators of the revival of a strong bullish trend ahead. The Litecoin whales, which remained dormant for a long time, have not just woken up but also jumped into action. Previously, the network upgrades failed to impact the LTC price, but the recent on-chain developments may cause digital silver to make a huge comeback.
According to the on-chain analytical platform Santiment, Litecoin whales have been accumulating heavily which has been the highest level since June 2017.
Litecoin recently made huge headlines recently after a significant amount of LTC was moved out of wallets that were dormant for a long time. On the other hand, the Litecoin price has been maintaining its trend along the horizontal line with less volatility while the volume remains pretty low. However, the price is maintaining a parabolic curve to reclaim the lost levels above the 3-digit figure.
The price is expected to maintain a horizontal consolidation for another couple of days ahead and further propel high to reach $100 before the end of 2022. However, the possibility of dropping back to the lower support close to $50 also appears pretty high which is expected to trigger a massive upswing later.
Collectively, Litecoin (LTC) price appears to be under the influence of bulls and hence may eventually lay down a significant upswing after a minor consolidation.
The crypto space, which had geared up to some extent during the past few days, appears to have again re-entered the bear trap. Moreover, the upcoming week is speculated to be more intense as the majority of the cryptos could undergo a gigantic price action regardless of the direction of the trend. Therefore, multiple analysts could impact the Bitcoin (BTC) price rally, which may in turn slash the entire crypto market.
The attention is getting back to Bitcoin as the fresh CPI rates could be released in a short while from now. The token reacted badly to the U.S Producer Price Index(PPI) which has been dropping significantly from the last month, but pretty much less than expected.
Besides, a popular analyst, Nicholas Merten, says in his new video update that the market is waiting for the Consumer Price Index(CPI) report and the last Federal Reserve meeting of the year, which coincidentally fall in the coming week. He says,
“Why are people not buying the dip? The reason, in my opinion, is what’s coming up here next week and it has to do with the upcoming inflation numbers form the CPI report as well as the Fed at FOMC meeting,”
The CPI report is expected to be out by 12 December 2022, while the FOMC meeting is scheduled on December 14. The analyst says that the CPI report usually moves the market up, and is expected to reveal higher-than-expected inflation data soon. However, if the FED opts out of a lower rate hike than expected, the analyst believes that the markets could still remain under pressure.
“Does this mean the market is just immediately saved? Does this mean that we’re kicking off the next bull run?
No. In fact, if we look at previous bear markets, even as the Fed is starting to pivot and starting to drop the federal funds rate by multiple points, you’ll see that equities still went down. It still underperformed because again, to the point that people say that these things have lagging effects, you can’t just come in immediately, cut interest rates and save the day.”
Oryen Network Ahead Of Development Schedule. Maybe Charles Hoskinson Of Cardano Could Learn A Thing Or Two
Since its debut in the crypto space through the initial coin offering (ICO) in 2022, Oryen (ORY) has seen its crypto project outperform expectations. ORY entered the market with a price tag of $0.05 in presale 1 and is now going for $0.21 in presale 7.
As a result, Oryen is dominating video reviews and top listings by Business2community. Oryen will launch on December 30, 2022, with a launch price of $0.35, which will be auto-airdropped to investors’ wallets since Oryen doesn’t have vesting. It accords an equal opportunity to all ICO buyers to secure presale gains.
Oryen’s Unique Offerings
Behind the success of Oryen are its unique features and fixed benefits that can withstand adverse market conditions. Its outstanding auto-staking feature, known as Oryen Autostaking Technic (OAT), auto-compounds rewards every 60 minutes. This mechanism relieves investors of the troubles of personal staking; all they need is to buy, hold and let the system handle everything else.
Oryen offers a sustainable and fixed annual percentage yield (APY) of 90% with a treasury support capability and a risk-free value (RFV).
The RFV and Oryen Treasury support provides backing and cushion against market volatility.
Oryen’s performance has been astronomical and will continue its surge, even as analysts predict an incoming bull run. Here’s a sneak preview of its current and upcoming performances:
|Presale Phase||Date||Price Increase||ORY Price||Purchase Bonus|
|Presale 7||09 Dec — 16 Dec||320%||$0.21||5%|
|Presale 8||16 Dec — 23 Dec||400%||$0.25||5%|
|Presale 9||23 Dec — 27 Dec||500%||$0.3||0%|
Cardano (ADA) is a proof-of-stake blockchain that sprung up as an alternative to Ethereum. ADA creator Charles Hoskinson predicts that the token can evolve into an enormous ecosystem of blockchains that will rival proof-of-work (PoW) blockchains. However, critics believe Cardano is inaccurate and has a less significant effect on the DeFi landscape. Perhaps Charles Hoskinson is learning courtesy of Oryen’s DeFi innovation.
Oryen’s initial offering has exceeded expectations and weathered the adversities of volatile markets through its innovative features. This exceptional performance depicts a 320% rise in value, thus casting aside naysayers’ predictions. Consequently, Charles Hoskinson’s Cardano (ADA) ought to borrow a leaf from the exemplary performance of ORY.
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Oryen Network Listed Among Top Cryptos To Buy Before New Year’s Eve, Ahead of Tron, Binance Coin, And Shiba Inu
2022 has been a year to forget for many crypto traders. After the crypto market reached its all-time high (ATH) in November 2021 with a $2.5 trillion market cap, the sector recorded new lows in each subsequent quarter. Despite signaling a recovery in Q3 following LUNA’s collapse, the crypto market was dealt another blow with the FTX exchange meltdown.
Now, in Q4, not many tokens can be recommended as good buys. Some projects are still dipping, while others are shaky. Some tokens worth considering include TRON, $BNB, and $SHIB. Still, one token you can’t afford to miss out on is $ORY from Oryen Network.
What is Oryen Network?
Oryen Network is a community-governed and censorship-resistant staking protocol. The platform’s salient feature is its high-yield staking which offers a fixed APY of 90% yearly and 0.177% daily. You only need to buy and hold $ORY to earn a passive income. What’s more? You can access payouts every hour.
Oryen has a built-in dApp allowing P2P token swaps for holders. Also, you can supply liquidity to $ORY pairs to earn rewards. The dApp comprises resourceful tools to help you track your investment growth. This new feature is the latest addition to Oryen’s list of powerful tools.
Other essential features on the platform include the Risk-Free Value wallet and Oryen Treasury. These tools hold reserves in the form of stablecoins and protocol-owned liquidity to keep $ORY stable amid declining markets.
ICO Performance of Oryen
In two months, $ORY has surged 3X against the bearish trends in the crypto markets. The token trades for $0.175 and will soon surpass the $0.20 mark. Across the crypto market, barely any project has recorded gains in the same period. However, $ORY has crashed with 300% gains for its earliest investors.
Still, the ongoing presale will offer gains up to the last investor before the token launches fully. See the ICO schedule below to see how and when to get started with Oryen:
|Presale Session||Date||ORY Price||Purchase Bonus|
|Presale 2||02 Nov — 09 Nov||$0.1||10%|
|Presale 3||09 Nov — 16 Nov||$0.11||9%|
|Presale 4||16 Nov — 23 Nov||$0.12||8%|
|Presale 5||23 Nov — 02 Dec||$0.15||7%|
|Presale 6||02 Nov — 09 Dec||$0.175||5%|
|Presale 7||09 Nov — 16 Dec||$0.21||5%|
|Presale 8||16 Nov — 23 Dec||$0.25||5%|
|Presale 9||23 Nov — 27 Dec||$0.3||0%|
How Does TRON Work?
TRON is a permissionless blockchain protocol built by the Tron Foundation to create a decentralized internet for developing dApps. Primarily, the blockchain acts as an alternative to Ethereum, with a more scalable network, faster transactions, and lower fees. TRON focuses mainly on the creator economy, allowing creators to monetize their content to users directly, without interference from intermediaries.
Its native $ TRX powers all transactions on TRON. The token also facilitates the reward system for creators. $TRX is down 15% in the period $ORY surged 200%.
What is Binance Coin?
Binance Coin ($BNB) is a utility-rich token native to the Binance Smart Chain and Binance centralized exchange – the largest CEX by trading volume. The token facilitates transactions on these exchanges, offering massive discounts on fees. Beyond the exchanges, $BNB is utilized to supply liquidity and trade NFTs.
$BNB has dipped 15% in the past two months despite its ‘endless’ utility. Its performance is solid compared to other top projects that have slumped over 50% in the same period.
What is Shiba Inu?
Shiba Inu is a meme coin project that features the $SHIB token. The project aims to provide the ultimate dApp experience for users with increased utility for $SHIB. The project ranks among the top 15 cryptocurrencies by market cap and is the second-most famous meme coin.
$SHIB has plunged 25% but indicates strong potential for recovery when markets restart their bullish trends.
Buying the dip is not a rule cast in stone. Some projects could fail to recover from their decline, resulting in devastating losses for investors. Still, other projects can recover effectively when market trends flip. Such tokens include $SHIB, $BNB, and $TRX.
Upcoming ICO projects also present a good opportunity to grow your assets. $ORY is arguably the best token to buy before 2023. It is growing fast and could reach 100X when bullish trends begin.
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The post More Pain Ahead for Crypto Market Says XRP Lawyer in Ripple vs SEC Lawsuit appeared first on Coinpedia Fintech News
The crypto space which suffered massively during the recent fallout ever since Sam Bankman-Fried led FTX exchange collapsed finely. On the other hand, the US SEC and its Chair Gary Gensler have been presumed to have taken irregular steps to protect the market. On the other hand, the lawyer representing Ripple suggested that the crypto space may encounter more pain in the coming days.
John Deaton, the lawyer representing XRP holders in a series of threads shed some light on the SEC’s next plan of action. He mentioned that the SEC is set to run after the crypto space in the next couple of years as they have doubled the size of the SEC staff dedicated just to crypto.
As the SEC chair is in favor of pushing regulations even in non-fraud cases like Ripple, LBRY , Dragon Chain, BlockFi, and more. Deaton specified that the SEC is the largest creditor in the BlockFi bankruptcy. The lawyer has predicted earlier that the SEC may coon go behind all the exchanges for dealing with unregistered securities.
However, it all came out to be true as the commission sued Coinbase, for selling securities and also believed that this could happen again which may cause another 50% crash in the coming days. This may further allow the whales and the institutional investors to accumulate a large share of the market ahead.
Both well-known and undiscovered coins may unexpectedly become popular in the land of opportunity known as the crypto market. Each uptrend has a new, eye-catching coin that turns heads by experiencing a value explosion in astronomical percentages.
And according to cryptocurrency analysts, Flasko should be the coin to watch for in the upcoming market correction. According to experts, Flasko will do better than Metaverse currencies like ApeCoin (APE) and Axie Infinity (AXS) in 2023.
Axie Infinity (AXS) Holders Lose Confidence
Axie Infinity (AXS) is a blockchain-based online game that participants partially own and govern. By holding their coins, participating in the game, and casting votes on important governance choices, Axie Infinity (AXS) coin holders can win rewards.
Axie Infinity (AXS) is struggling to hold the interest of its holders because of growing opposition. The currency has dropped 8.15% in 7 days and is presently trading at $6.79. Buyers will undoubtedly quit the venture to hunt for more lucrative cryptocurrencies if Axie Infinity (AXS) rates continue to plunge.
ApeCoin (APE) Sees A 5% Fall In The Past 24 Hours
The ApeCoin (APE) team has continuously changed to reflect the economic climate. Due to its failure to expand and maintain competitiveness, many users have lost trust in ApeCoin (APE).
ApeCoin (APE) is trading at $3.28, losing 5% in 24 hours. As a result, many ApeCoin (APE) owners sold their coins. Everyone is now skeptical that ApeCoin (APE) will be capable of reversing the decline it is presently experiencing. Other projects with more possibilities for profit, like Flasko, would be a better investment.
Flasko (FLSK) Is Predicted To Be A Money Maker In 2023
Flasko has been making the crypto headlines due to its peculiar use case. Since ApeCoin (APE) and Axie Infinity (AXS) are lacking in that department, analysts predict Flasko will outperform them in 2023.
The first alternative investment platform created explicitly for cryptocurrency lovers will be created by Flasko. Vintage champagnes, excellent wines, and premium whiskeys may all be bought in through this specific fractionalized NFT trading and investing platform.
You may purchase full NFTs, which are genuine investments in the most costly, continually accumulating spirits in bottles, and even have them sent directly to your front door, no matter where you reside.
Brand-new upscale beverage entrepreneurs can also use the Flasko launchpad to promote their goods. As an investor, you will receive rewards like discounts and early access to these products!
The team behind the project will lock the Flasko liquidity for more than three decades while freezing team coins for three years as an added security precaution. Furthermore, Flasko asserts that Solid Proof, the top public blockchain auditor, has completed its assessment, enhancing its standing as a reliable platform.
Flasko currently has a price of just $0.085, which is the perfect opportunity to invest in a project with many upsides. Crypto experts even predict that it will reach $3 by March 2023.
Be sure to follow this possible blue-chip token here:
The collapse of the FTX exchange spread like a contagion over the whole cryptocurrency market, with Bitcoin and other altcoins experiencing sharp corrections over the past few weeks. Bitcoin is currently trading close to the $16,530 mark and is down by more than one percent.
According to an analysis by crypto analyst Trader Tardigrade, Bitcoin is currently following a similar chart pattern as it did in 2015. The pattern indicates that a “massive bull run” might be in store for the king cryptocurrency.
Do historical Data have the Opposite Story?
In the opinion of another cryptocurrency researcher, Moustache, Bitcoin might not see a bull run in the future. It is supported by historical research that looks even further back in time and keeps track of the RHODL [realized value HODL waves] ratio.
On-chain Data Shows a Ray of Hope
According to data from Glassnode, the number of addresses on the Bitcoin network with non-zero balances has significantly increased. Mid-October saw the start of growth, which then took off as November got underway. As shown in the graph below, this growth was followed by a similarly rapid rise in the number of addresses with non-zero balances.
On-chain data also reveals that most non-zero addresses were created within the last month. A higher number of transactions results from an increase in the number of new addresses and the number of transactions logged on the network has significantly increased over the past month.
A relatively new cryptocurrency called Flasko has recently received favorable attention. Shiba Inu (SHIB) and Uniswap (UNI), two of the most popular cryptocurrencies, will not be as valuable as Flasko. Leading analysts are saying this, but why?
Therefore, let’s investigate this issue further and choose whether to invest in Flasko.
Uniswap (UNI) Sees No Rise In Price
Users can conduct transactions directly amongst one another using Uniswap (UNI), which is highly decentralized and censorship-resistant. And although Uniswap (UNI) traded for $45 one year ago, its price has since plunged to a little over $7.
The Uniswap (UNI) price has fallen farther than its most recent monthly low and has lost 73% of its market value over the past year. Uniswap (UNI) investors are looking for alternative investments to be safer during the bear market.
Shiba Inu (SHIB) Shows Red Charts
The Shiba Inu Ecosystem developed the decentralized cryptocurrency known as Shiba Inu Coin (SHIB) to encourage interactivity within the group. Due to recent adverse economic news, the meme coins have fallen quicker than Ethereum and Bitcoin. Inflation in the world’s largest economy, the United States, is at a 40-year high of 8.2%, and rising interest rates are having an impact on some coins like Shiba Inu (SHIB).
The economy has significantly impacted the price trend for Shiba Inu (SHIB). At the time of publishing, Shiba Inu (SHIB) was trading at $0.00001291, continuing its downward movement. Even though Shiba Inu (SHIB) might soon have some good price movement, focusing on alternative opportunities with more significant development potential would be wiser.
Flasko (FLSK) Presale To Rise 4,000% In 2023
As more and more Shiba Inu (SHIB) and Uniswap (UNI) investors migrate over to Flasko, let us explore what has caused so much hype about this specific project.
Investors generally receive a 28% annual return on their investments in the rising wine, whiskey, and champagne industry. Flasko seeks to develop the first alternative investment platform to combine this industry with NFTs.
Investors can purchase NFTs, partly or wholly, but here is the exciting part: backed by the bottles of high-end whiskeys, wines, and champagnes stored in secure locations worldwide. With a full NFT, investors may even get the actual bottle delivered to their house free of charge!
Early investment in Flasko brings you a lot of rewards. From exclusive NFTs and personal account managers to two trips a year to the Champagne area of France, all sponsored by Flasko.
High-end luxury beverage firms will collaborate with Flasko to sell their products using the Flasko community. This partnership will enable the business to connect with a target market they would not be able to.
Flasko is also now available for only $0.077. Since the demand for Flasko has grown so much, crypto analysts predict the price may reach $4 by mid-2023.
Individuals who are considering investing in Flasko should do so immediately by clicking the links below:
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Toon Finance on Heels of Big Eyes Coin
Cryptocurrency experts all over the world have been analyzing decentralized finance and what is next for the space. Amongst the recent meme coin abyss between Big Eyes and Tamadoge, Toon Finance Coin has been making a name by causing waves of attention around the world. You can find Toon Finance already listed on CoinMarketCap and Crypto.com in the ICO section.
Should you invest in $TFT?
Toon Finance has already raised over 1 million USD during the first few hours on their presale. It has been said that an angel investor helped kick them off, one of those Elon Musk kind of characters ya know.
Toon Finance is breezing through the presale process continuing in their first stage which is soon to evolve into stage two when tokens will become a tad wee bit more expensive but not much more! Check out the analysis here.
Either way Ethereum and the world of decentralized finance have another thing coming when Toon Finance drops their new DEX swap which will offer P2E options and more. The team announced earlier on Twitter that they will be having an NFT giveaway where the 1st 1,000
Toon members will be able to enter for a chance to have their very own Toonie NFT.
Toon Finance is dropping the NFT project of the year with all of the different features they will offer between the DEX and more. Have you ever heard of a moonshot or a wenlambo coin? This just very well may be the one.
Toon Finance is growing rapidly with articles being written in different languages and translated to crypto enthusiasts all over the world. Stay tuned and listen for updates on the latest with what is coming next for the Toon Team.
They also mentioned something about applying to be a part of the Toon Team, anyone with experience in the crypto and defi space can join. You can find more information about joining the team here.
Blog Title: How to buy ERC memecoins?
Blog Introduction: ERC memecoins are a type of cryptocurrency that is based on the Ethereum blockchain. They are similar to other Ethereum-based tokens, but they have an additional function that allows them to be used as a form of currency. In this blog post, we will explain how to buy ERC memecoins.
What are memecoins like Big Eyes?
ERC20 memecoins are a type of cryptocurrency that is based on the Ethereum blockchain. They are similar to other Ethereum-based tokens, but they have an additional function that allows them to be used as a form of currency. ERC20 memecoins can be used to purchase goods and services, or they can be traded on cryptocurrency exchanges.
How to buy memecoins?
There are two main ways to buy ERC20 memecoins: through a cryptocurrency exchange or through a direct sale. Cryptocurrency exchanges are online platforms where you can buy and sell cryptocurrencies. To buy ERC20 memecoins on a cryptocurrency exchange, you will first need to create an account and deposit funds into your account.
You can visit a memecoin like Toon Finance that has their presale going on right now and you can buy tokens directly on their website when other memecoins like DOGE are normally purchased on exchanges like Coinbase.
Dogecoin Update With Price Prediction
You may have seen the recent news about DOGEcoin and its incredible surge in value. But what is DOGEcoin? And what does it do? In this beginner’s guide, we’ll answer those questions and more. In recent days DOGE and ToonFinance have been surpassing every other meme coin in the space throughout media outlets around the world. You can view DOGE and its most recent price analysis here.
DOGEcoin is a cryptocurrency that was created in 2013 as a parody of Bitcoin. It was named after the “doge” meme, which features a Shiba Inu dog. Unlike Bitcoin, DOGEcoin is not intended to be used as a payment system; rather, it is meant to be used for tipping content creators and other online users who add value to the community.
How DOGEcoin Works & Big Eyes Coin
DOGEcoin is based on the Litecoin blockchain and uses the Scrypt proof-of-work algorithm. This means that it can be mined with consumer-grade hardware, which makes it more accessible than Bitcoin.
DOGEcoin also has a much higher supply than Bitcoin; while there will only ever be 21 million Bitcoin in existence, there is no hard cap on the number of DOGEcoins that can be mined. As of this writing, there are over 129 billion DOGEcoins in circulation.
What drives the price of DOGEcoin? Like any other asset, the price of DOGECoin is driven by supply and demand. The current surge in price can largely be attributed to two factors: first, a wave of new investors entering the cryptocurrency market; and second, an increase in the use of DOGEcoin for tipping content creators on platforms like Reddit and Twitter.
Should You Invest in DOGECoin?
As with any investment, you should do your own research before investing in DOGECoin (or any other asset). However, there are a few things to keep in mind if you’re thinking about investing in DOGECoin.
First, because there is no hard cap on the supply of DOGECoins, inflation could become a problem down the line. Second, because DOGECoin is not intended to be used as a payment system, its utility is limited compared to other cryptocurrencies. Finally, because it is based on the blockchain, any changes or upgrades to the derived Litecoin token will also apply to DOGECoin.
DOGECoin has seen an incredible surge in price recently. But what is DOGECoin? In this beginner’s guide, we’ve answered that question and more. We’ve also discussed some things to keep in mind if you’re thinking about investing in DOGECoin. As with any investment, you should do your own research before investing in cryptocurrency.
A game of Cat and mouse or is it Big eyes kitten and DOGE?
Big Eyes coin is the fuzzy little kitten that was released over the last two months that has been getting some exposure. So is it all a bunch of hype or is the cat going to actually be the “DOGEcoin killer” as they said in a recent post. We will give you everything you need to know about BIG and whether or not you should buy it.
Big Eyes has not claimed to really be anything other than a community driven token. Every token is a community driven token that is what makes these projects thrive. After further analysis in the past and weeks to come, experts have been saying that Toon finance and DogeCoin will stay ahead of the game.
Some say not a chance, others say the cute Big eyed coin has no utility and therefore will not succeed in the long run. Sheesh, meme coins am I right? It is well worth the risk when you are talking about multiples of a thousand and up here.
Toon Finance, Doge, Shib, and Big eyes all have one thing in common and that is the hype train. There is no doubt about it that all these coins have an army behind them however BIG is the least likely to make it after crypto and NFT experts say the token simply has no utility, when $TFT and the others do. The race continues.
SHIBA INU Coin Price Prediction
What is SHIB Coin and Should I Invest?
In the world of cryptocurrency, there are many different coins to choose from. So, how do you know which ones are worth investing in? In this blog post, we will take a look at SHIB coin and give you our professional opinion on whether or not it is a good investment.
What is SHIB Coin?
SHIB coin is a decentralized cryptocurrency that is based on the Ethereum blockchain. It was created in order to provide a fair and equal opportunity for all investors, regardless of their size. The total supply of SHIB coins is 1 quadrillion, and there will never be any more created.
SHIB coin has gained popularity due to its unique approach to governance. Unlike other cryptocurrencies, which are often controlled by a select few individuals, SHIB coin is governed by the community. This means that anyone who owns SHIB coins can have a say in how the currency is run.
Should I Invest in SHIB Coin?
Now that we know a little bit about what SHIB coin is, let’s take a look at whether or not it is a good investment. One of the main reasons to invest in SHIB coin is its unique governance model. As we mentioned before, SHIB coin is governed by the community, which means that everyone who owns SHIB coins has a say in how the currency is run. This decentralized approach to governance makes SHIB coin much more resistant to manipulation and control by outside forces.
Another reason to invest in SHIB coin is its low price point. At the time of this writing, one SHIB coin is worth less than one dollar. This makes it an affordable investment for even the most risk-averse investor.
Of course, as with any investment, there are risks involved. The price of SHIB coin could go down as well as up, and there is no guarantee that it will ever reach its full potential. However, we believe that the potential rewards outweigh the risks and that SHIB coin is a good investment for those looking to diversify their portfolio.
We believe that SHIB coin is a good investment for those looking to diversify their portfolio. While there are always risks involved with any investment, we believe that the potential rewards outweigh the risks when it comes to investing in SHIB coin.
How to Securely Store Your SHIB Tokens
SHIB tokens are a type of cryptocurrency that has been gaining popularity in recent months. If you are a holder of SHIB tokens, you may be wondering where the best place to store them is. In this blog post, we will discuss the different storage options for SHIB tokens and help you decide which one is right for you.
There are three main options for storing SHIB tokens: a software wallet, a hardware wallet, or an exchange. Let’s take a look at each option in turn.
Software Wallet: A software wallet is a piece of software that you install on your computer or mobile device. Software wallets are convenient because they are easy to set up and use. However, they are less secure than other storage options because they are subject to hacking attempts. If you choose to use a software wallet, be sure to use a reputable and well-reviewed one.
Hardware Wallet: A hardware wallet is a physical device that stores your SHIB tokens offline. Hardware wallets are considered to be the most secure way to store SHIB tokens because they cannot be hacked like software wallets can. However, hardware wallets can be lost or stolen, so be sure to keep them in a safe place. In addition, hardware wallets can be more expensive than other storage options.
Exchange: You can also store your SHIB tokens on an exchange. Exchanges are online platforms where you can buy, sell, or trade cryptocurrencies. Many exchanges offer storage services for their users. The benefit of storing your SHIB tokens on an exchange is that it is easy and convenient. However, the downside is that exchanges are often hacked, so there is a risk that your tokens could be stolen. If you choose to store your SHIB tokens on an exchange, be sure to use a reputable and well-reviewed one.
SHIB tokens are a type of cryptocurrency that has been gaining popularity in recent months. If you are a holder of SHIB tokens, you may be wondering where the best place to store them is. In this blog post, we have discussed the different storage options for SHIB tokens and helped you decide which one is right for you.
TamaDoge is the new coin that has been getting a ton of buzz and attention lately however the price recently started to tank. TamaDoge was all over the news and media outlets in recent months with experts comparing it to DOGE and Toon Finance.
With so much buzz around the crypto space we don’t know whether to ape in or go all in if you are one of the hardcore meme coin lovers.
TamaDoge team members say that TAMA is the gateway token of the Tamaverse – where you’ll be able to mint, breed and battle your own Tamadoge pet in the metaverse.
Tamadoge will be a great NFT platform for breeding, training, and battling your Tamadoge NFTs. You can even earn them each month to be the most powerful doges in the world!
Should you buy TAMA?
Augmented Reality will expand into the Tamaverse over time, allowing your NFTs to interact with their friends, family, and other NFTs. Will they release the TAMA game or is it all just a bunch on non-sense?
Continue reading more news updates as we explore the meme token world and continue giving our readers the most up to date and fresh information directly from the hot press. We hope you enjoyed!
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
The crypto market volatility has driven away the market participants as the world’s first cryptocurrency, Bitcoin has lost its crucial area of $19,000 and has dropped below $18,500 area. For a long time Bitcoin had maintained its price trade around $19,000 level and now after dropping below the said range, it appears that the King currency might attract more lows.
At the time of writing, Bitcoin is valued at $18,354 after a fall of 3.90% over the last 24hrs.
As per research analyst at Arcane, Vetle Lunde, the pace at which the crypto market’s volatility is increasing it seems like the market is about to experience explosive volatility due to huge leverage. By this the analyst means that leverage will spike in the crypto derivatives market.
Leverage in the crypto market is nothing but taking the support of borrowed money to trade with a hope of making more profit through contracts like perpetual swaps.
Year 2023 To See Inflation Stability
The analyst then says that Open Interest (OI) , which measures the total number of outstanding derivative contracts, was hovering around 500,000 BTC as of October 11. Hence, this suggests a massive rise in leverage while Bitcoin struggles for bull run.
The analyst further says that the current situation is more ideal to traders who can opt for straddle strategy where traders buy both option and a call at the same time with the same price and same expiry date.
However, amidst such volatility and increased bear action, the Arcane analyst claims a bullish stance on Bitcoin for the long-term. He is of the opinion that the year 2023 will see crypto-related regulatory clarity in the US along with lower interest rates and inflation.
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The post Altcoins Drop Heavily as the Crypto Market is Crashing Ahead of the Fresh CPI Rates! appeared first on Coinpedia Fintech News
The markets seem to have been preparing to drop hard ahead of the CPI rates which are presumed to remain above 8%. While the fear among the market participants is clearly witnessed as the bears are gaining control over the rally. However, Dogecoin & Shiba INU were within a consolidated range until now, but the upcoming drop may hamper the prices to a large extent.
Dogecoin (DOGE) Price Analysis
- The Dogecoin price sliced through the pivotal trend line that it maintained ever since it rebounded from the June lows
- The extensive bearish pressure may certainly drag the price close to the yearly highs, however, the possibility of a flip may not be discarded
- The RSI continues to remain above the trend line and hence a rebound from these levels may prevent the DOGE price from dropping below $0.05
- As the bearish clouds have surrounded the markets, the dogecoin price is expected to remain consolidated until the end of 2022
Shiba INU (SHIB) Price Analysis
- The Shiba INU price is testing the crucial support levels after a drop below $0.00001 and hence expected to reach the bottom quickly
- The RSI has been dropping from the overbought levels and is presently about to enter the oversold area
- However, the volume has dropped notably due to which the market participants may require to wait for some more time for a bounce
- In the coming days, the SHIB price may flip and regain the lost levels above $0.00001 but could remain consolidated below $0.00002 until the end of 2022
September is a dreadful month for stocks and cryptocurrencies. However, October historically reverses this bearish sentiment, and this year is no exception. Heading into Q4 bullish sentiment has heightened. With American midterms in November, this winter looks incredibly bullish.
Assets always rally after the midterms due to the clarity provided by the election result- regardless of who wins. Oryen (ORY), Tamadoge (TAMA), and Big Eyes Coin (BIG) all look primed to explode in value throughout Q4.
Oryen delivers wealth creation to DeFi. Thanks to the introduction of its trailblazing OAT (Oryen Autostaking Technic) system, Oryen delivers the best stable returns within DeFi. The OAT system leverages game theory, mathematics, and smart contracts to provide investors with a highly simplified earning protocol. Oryen has created a three-step process: buy, hold, earn.
By taking advantage of the power of compound interest, the protocol pays out an astounding fixed rate of 90% APY. Smart contracts compound investors’ ORY twenty-four times daily with hourly rebases. Also, as the name suggests, staking takes place automatically from the investor’s wallet. Oryen has introduced simplicity to DeFi earnings and will grow massively as a result.
Tamadoge represents the medium of exchange within the Tamaverse. Investors can use TAMA to purchase Tamadoge pets that they can then battle against other players, with the best-ranked battlers receiving TAMA from the monthly prize pool. With 5% of every purchase from the Tamadoge store burnt, this token has a deflationary model. Most exciting is that TAMA should receive an initial listing on a centralized exchange in Q4.
Big Eyes Coin (BIG)
Big Eyes Coin has already raised $6 million and has secured a listing on a significant centralized exchange. This project has already been successful at community building and displays all the hallmarks of a token that will launch superbly. The developers have leveraged the cuteness of their pastel feline character, Big Eyes, and packed it with some utility.
All the above projects will launch or list on a large exchange throughout winter this year, and investors who buy now front-run the opportunity before the majority arrive. These lesser-known crypto gems will make any investor’s portfolio sparkle.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
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The Ethereum Upgrade overshadowed the miners who had previously driven the ETH blockchain with promises of massive environmental benefits. Ethereum’s developers claimed the upgrade would make the network – hosting a $60 billion ecosystem of cryptocurrency exchanges, lending companies, non-fungible token (NFT) marketplaces, and other apps – more secure and scalable.
At the moment, Ethereum (ETH) is witnessing slight selling pressure as it moves closer to the $1,200 level. Nevertheless, there are high chances of a bounce soon, which could cause the price to climb to $1375. Moreover, some on-chain indicators are pointing towards positive development for Ethereum in terms of network activity.
Chain data provider Santiment reported: “Ethereum’s amount of new addresses being created is hovering around 70k per day again, the highest seen since early August. And after quite a bit of uncertainty around the mid-September merge, the supply of $ETH on exchanges has dropped back to 14.6%.”
Following the significant sell-off in June, Ethereum (ETH) showed a significant upward rally to $2,000 ahead of the Merge upgrade in September. The ETH price rallied approximately 80% from the June lows before drawing back again.
Ethereum (ETH) successfully conducted its Merge upgrade last month, and the ETH price hinted toward a ‘sell-the-news’ type of move. With the U.S. equity markets falling prey to the intense selling pressure, ETH saw a similar wave with the broader crypto market. Since mid-September, ETH has been under selling pressure constantly. Post the Merge event, the ETH price has corrected by more than 25%.
Lowered Discussion Rates- What Does This Indicate?
At the moment, ETH is floating just above $1,375 and has reached here for the first time in the last eight trading sessions. However, the discussion rates around ETH have fallen to a seven-month low. On-chain data provider Santiment warned that the lowered crowd interest in Ethereum could indicate a higher chance of a bounce.
Santiment added: “Ethereum has spiked back above the $1,375 mark, returning to levels last seen on September 27th. It appears the trading crowd has turned their interest to other coins, leaving $ETH prices to rise with much less resistance and expectation than usual.”
The Smooth Transition
The Merge officially kicked in at 6:43 a.m. UTC, with more than 41,000 people tuning in on YouTube to the “Ethereum Mainnet Merge Viewing Party.” They watched closely as key metrics trickled in, indicating that Ethereum’s core systems had remained intact. It took about 15 long minutes for the Merge to officially finalize and come out as a success.
The idea that Ethereum would eventually switch to proof-of-stake was there from the start. However, the transition was a complicated technical effort, essentially an endeavor so risky that many doubted it would happen successfully.
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While entering the fourth quarter, investors were dreading Bitcoin’s price fluctuations and volatility. However, during the last week, trade confidence in Bitcoin was observed to be positive. The price of BTC remained stable at around $19,200, and the fourth quarter proved to be very positive for BTC and the entire crypto market. Bitcoin has again emerged as a safe platform for all compared to other altcoins.
In addition, Bitcoin’s trading volumes have been rising since mid-June while the other altcoins are declining, as reported by Santiment. However, the Bitcoin derivatives market is showing positive moves, and 2/3rd of all open BTC futures positions have been going for a long.
On-chain data provider Santiment showed the movement of the highest number of coins over the last three months, which amounted to 32,000+ Bitcoins on Friday, i.e., September 30.
Bitcoin Outperforms Other Crypto Assets
Bitcoin continues to trade above the $19,000 level. More than 1.21 million BTC addresses showed a high activity level and purchased 688,000 BTC.
However, crypto analyst ali martinez ali martinez Ali [email protected] TraderMarket Analyst Followers : 0 View profile stated that if BTC failed to hold this level, a selloff could happen, sending prices to $16,000 or lower”.
Bitcoin showed a positive correlation with the S&P 500. However, if the US market falls further, there may be further price corrections for BTC.
However, the correlation between the digital assets market and the traditional market decreased the price of BTC by 4% over the past 30 days due to mixed sentiments among investors and traders.
Even still, Bitcoin continues outperforming other assets.
The correlation between the Bitcoin price and the U.S. stock market volume can make the market bearish. BTC’s price has outperformed various assets like Gold and U.S. indexes and had risen by 0.8% in September compared to the USD. Only the DXY (dollar strength index) outperformed Bitcoin.
All-time low values have signaled a relief rally for BTC. Experts predict that the Bitcoin price may jump to $21,500-$24,500. Currently, Bitcoin is trading at an average price of $19,207.62; however, a drop has been seen over the past 24 hours.
However, the market plunged by 1.5% yesterday. Over $92.1 million have been liquidated from the market.
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There was a strong bearish sentiment that grew throughout September and Bitcoin’s price has had a difficult time sustaining itself above the $20,000 psychological support level.
All eyes are looking for greener price charts for the leading cryptos in the final three months because Ether (ETH) and the majority of altcoins are in the red or on a range bound trend.
Technical indicators have provided a signal about what to expect in October despite the extreme volatility in the cryptocurrency market, here are few of them.
There was a decrease in blockchain demand and the entire cost of using a blockchain shows both the demand for and willingness to pay for it. Just under $30 million was generated by Bitcoin network fees over the past quarter, down from $42.9 million in Q2 2022.
Ethereum fees, on the other hand, fell even further, from $1.29 billion in Q2 to $264 million in Q3, representing a 79% quarter-over-quarter decline (q-o-q).
Net flows also showed that, in contrast to BTC, where mood was neutral, ETH had a more positive position. Over the $192 million in net outflows from Q2, Bitcoin saw small inflows of under $50 million into controlled exchanges. For the fourth consecutive quarter, over $1 billion worth of Ether (ETH) departed exchanges, while Q3 outflows were $57 million lower than Q2’s.
BTC bulls may not visit soon
A major price increase looks far away without a good pump from whales and retailers. Whale metrics from Santiment showed that, as of press time, there was neither significant whale accumulation nor large utility in BTC.
BTC whales with between 100 and 10,000 BTC in their possession are still dumping. 3.5% of the supply at these important addresses has been transferred to addresses with less bearing on future price changes throughout the course of the past year.
Another 0.4% of BTC’s supply was disposed of just in September. An important pattern to look out for in October is would-be whale accumulation.
Another troubling indicator that emerged from a check at BTC financing rates is that traders are gradually longing more and more when the price doesn’t fall.
Once the longs are sufficiently elevated, another dump occurs, traders briefly try to short, but eventually give up and start to long once more.