Experts Predict Crypto Market Comeback: Is the Bear Market Finally Over?
The crypto market started the new year with a surge that not many saw coming. Bitcoin and Ether reached and breached some pretty impressive critical support levels. Excitement has washed over the crypto community as traders and investors rush to make the most out of the bullish action.
We Are in the Disbelief Phase
Some rejoice at the prolonged bear market finally coming to an end, however, many seem to be wary of the spike and seem to liken it to a bull trap. Several market experts have warned that the bear market is not yet over, making it clear that we’re now in what is known as the “Disbelief phase”.
At the time of writing this article, BTC is hovering around $22,650, having been up by nearly 10% in the previous seven days. At some point, the king coin even breached the $23k mark a few times and seems to have currently found support at $22,600.
As for Ether, it started out with a massive spike like Bitcoin’s. However, at the time of writing, it is currently in the red. Notably, the world’s largest altcoin has managed to maintain its spot at the $1,500 resistance level and is only down by 1.6% in the past week.
Despite the overall decent gains from the entire market, with the global crypto market cap going over $1 trillion for the first time in what feels like quite a long time, market experts like Toni Ghinea seem to think the rises are nothing but a bull trap.
Ghinea is still predicting a $600 Ether and BTC will fall back to $11k. According to the analyst, the bears will “wake up from hibernation” in March. On the other hand, popular analyst Michael van de Poppe believes that Ether will see an even more massive breakout towards the middle of the year.
He has said that:
“Some slow grind upwards and then one more sweep in the coming days and the correction should be over and we’ll continue the party.”
According to van de Poppe, Bitcoin could rally up to $35,000 and altcoins will spike up too. He did say, however, that the end of the year might be a bit hard, but he believes the market will quickly bounce back from it.
Can Solana (SOL) Rally Push Beyond Pre-FTX Levels or is It a Bear Trap?
Solana price has broken a three-week rising trend, thus questioning the momentum to push beyond pre-FTX levels. According to our latest crypto price oracles, Solana’s price has dropped approximately 5.4 percent in the past 24 hours to trade around $23.22 today. After rallying over 100 percent in the past three weeks, the Solana bears are slowly taking control.
Consequently, a possible retrace could push Solana’s price to around $15, where the digital asset may find temporary solace. Moreover, the 200 MA in 4-H has risen to this level. Additionally, the RSI shows an overbought asset with a falling divergence, which indicates an imminent price fall. Perhaps the asset is forming a head and shoulder on the lower time frames, which could lead to psychological sell pressure.
Whether the bulls defend the rising trend in the coming weeks or not, the ultimate decision is likely to be affected by the Bitcoin market sentiment. Moreover, the January 2023 cryptocurrency rally has significantly been affected by Bitcoin price.
Solana Fundamental Aspects Shows More Pain Ahead
The Solana ecosystem has grown to a top 20 project by market capitalization due to its huge backing from whale investors. However, the network activity has significantly declined in the past year fueled by the FTX collapse. According to statistics from the token terminal, as shown below, Solana’s weekly active users have been declining in each subsequent quarterly since 2022.
Additionally, the total value locked (TVL) in the Solana ecosystem has significantly reduced since late 2021. The Solana TVL has moved from over $11 billion to about $270 million today.
Nonetheless, the Solana developers are hard at work building DeFi projects to be shipped out through the Saga mobile App Store.
Bitcoin Price Lacks Momentum To Rally Beyond $21,500 – Is it a Bear Trap? Here is Up Close Analysis
Bitcoin price has experienced a strong resistance of around $21k after rallying over 28 percent in the past 14 days. Over $26.60 million has been liquidated in the Bitcoin market during the past 24 hours and more coins observed leaving centralized exchanges. Market analysts believe the Bitcoin market is preparing to enter a correction phase after posting significant gains in the past few weeks. Moreover, meme coins – led by Shiba Inu and Dogecoin – have begun rallying, which is seen as the end of a crypto cycle.
However, all attention is on the pennant symmetrical triangle forming on the lower time intervals. Any strong breakout on either trend line of the pennant triangle will be used to extrapolate the next phase. For instance, should Bitcoin price rally beyond $21,500, and have a solid daily bar, traders will take it as a price continuation.
On the other hand, should Bitcoin price close the next few days below $21k, crypto traders will pick a correction in the making.
However, short-term traders should be aware of long daily winks that can stop hunts in either direction. Moreover, the cryptocurrency market is attributed to high volatility even in smaller time frames.
From the RSI indicator’s viewpoint on the smaller time frames, Bitcoin price could be preparing to reverse at current levels. Notably, while the Bitcoin pennant flag is on a rising trend, the RSI indicates overbought and a falling divergence.
On-chain data, however, indicates the Bitcoin price is responding to the open futures market that has recorded high liquidations in the last few weeks. Furthermore, the crypto sell pressure could significantly increase once FTX officials dump the $5 billion digital assets.
Here’s Why FTX’s Asset Liquidation Could Trigger Massive Bear Market
The FTX and Alameda’s investigation continue to uncover nasty activities in the cryptocurrency market. While FTX officials purport to have identified about $5 billion worth of FTX digital assets, Cinneamhain Ventures partner, Adam Cochran highlighted that only $600 million of the identified assets are liquid.
Among the identified liquid assets belonging to FTX include Bitcoin (BTC) worth approximately $268 million, Ethereum (ETH) worth about $90 million, and stablecoins worth around $245 million.
According to Cochran, the rest of the identified assets are likely to trigger a major bear market including Solana (SOL) worth about $685 million.
The Solana market has added more than 100 percent in the past few weeks, mostly fueled by liquidation according to the on-chain intelligence platform Glassnode. For instance, over $2.5 million in the Solana market has been rekt in the past 24 hours according to aggregate data provided by Coinglass.
“So liquidators were counting token prices on the day of filing, and consider the $529M of FTT to be “liquid” in this calculation, as well as $685M of Solana which would mega nuke the SOL market,” Cochran noted.
Notably, former FTX and Alameda officials have been accused of squandering customers’ funds in luxurious lifestyles including formula one races, political donations, and high-end parties.
As such, FTX creditors would have to wait years before investigations are completed and funds fully recovered. Moreover, FTX CEO John J. Ray III has indicated that he does not have access including security keys to several crypto wallets belonging to the bankrupt exchange.
However, Ray indicated that the $5 billion identified digital assets will be liquidated to repay creditors and FTX traders, who are difficult to identify.
Dogecoin Rising Trajectory: Legitimate Trend Change Or Bear Trap? Where DOGE Price is Heading?
Dogecoin’s price has been on a rising trajectory since Elon Musk acquired Twitter Inc. for $44 billion late last year. From a daily and weekly chart, the Dogecoin price has formed a falling wedge, which usually signals that the trend will resume later on. As such, market analysts believe the meme lord could rally beyond its October highs of about $0.159 soon.
The rising narrative is backed by the 200W MA, which has supported the price in the past two days. Moreover, the Dogecoin price already broke out of the multi-week falling trend and is now retesting the trend line as a support level.
However, the narrative could be invalidated should the Dogecoin price fall below the trend line support, which would then act as a resistance level once again.
According to our latest crypto price oracles, Dogecoin has gained approximately 18 percent in the past 14 days to trade around $0.084497. The ninth-largest digital asset takes pride in a market capitalization of approximately $11,649,383,387 and a 24-hour trading volume of about $526,969,058. Notably, Dogecoin has recorded total liquidation of approximately $1.61 million in the past 24 hours according to aggregate data provided by Coinglass.
According to several crypto analysts, the next probable trend in Dogecoin is a multi-week consolidation before the next bull market takes place. Furthermore, in the past two bear markets that Dogecoin has existed, first between 2014-2017 and second between 2018-2020, consolidation has taken place in multi-quarter before going parabolic.
As the second largest proof-of-work (PoW) digital asset, Dogecoin has attracted investors from all over the world. According to on-chain data from Tokenview, Dogecoin has about 5,173,869 holders and a total hash rate of approximately 630.95 (TH/s).
Cardano Price Trapped in Multi-Week Bear Market – Is the Bottom Close?
The Cardano (ADA) price has been on a free fall since its ATH, $3.09, in August 2021. The eighth largest digital asset by market cap is, however, indicating a possibility of reversal supported by fundamental and technical standpoints. For instance, the weekly RSI indicates the digital asset is largely oversold, even below the 2018 bear market. Additionally, the ADA price is retesting a resistance trend line formed in the past year.
Notably, should Cardano’s price rally beyond current levels of about $0.34, the multi-week bear market will be invalidated. However, a strong rebound from the upper trend line, resistance level, could mean the bottom is not yet achieved.
As with the rest of the altcoins industry, the Cardano price may be waiting for the Bitcoin price to comfortably trade above $21k to invalidate the 2022 bear market. Meanwhile, trading on ADA continues with about $841k liquidated in the past 24 hours according to Coinglass.
Nonetheless, Cardano developers continue to build scalable, secure, and affordable decentralized applications (Dapps). According to data provided by defillama, the total value locked (TVL) in the Cardano ecosystem is about $71.49 million. However, Cardano’s TVL is menial compared to Polygon (MATIC) with over $1.15 billion.
Some of the top DeFi projects that have bolstered ADA prices in the past include DEXes like Minswap, WingRiders, SundaeSwap, and MuesliSwap.
Notably, Cardano’s price has gained approximately 39 percent in the past fourteen days, a rally that began thirty days ago. The decentralized third-generation proof-of-stake blockchain has attracted global users due to its ability to morph with real-world utility. For instance, the Cardano team has been enhancing its smart contract capabilities since the Alonzo hard fork.
Will Genesis Become the Catalyst for the Bitcoin Bear Market Lows?
Bitcoin price has been facing constant rejection at $17,000 and finely dropped heavily to hover around $16,500 in the past few days. While the possibility of a bullish close has evaporated to some extent, the upcoming days may also not offer any relief for the crypto space.
The markets have been a victim of constant negative events that compelled BTC prices to test new lows. However, before the bearish markets wind up completely, here’s when the last leg could be pulled down to mark the bottoms of the bear market.
The FTX-contagion has been spreading! Undoubtedly, the impact has not surfaced as of now but is expected to intensify very soon. The top exposed platforms of FTX collapse were BlockFi and Genesis. Now that BlockFi has filed for bankruptcy, the next could be Genesis which is speculated to file somewhere in January.
As per a popular analyst, Bob Loukas, Genesis may file bankruptcy protection in early January which may be the catalyst for the Bitcoin bear market lows.
The analyst here believes that the BTC price has completely decoupled, while the DCG & Genesis issues are yet to be resolved. Hence, before the 4-year cycle ends, the ‘cleansing’ may happen. Further, he says that the institutions are responsible for the bearish market trends which are prevailed for a long. He also suggested keeping stacking while these institutions continue to liquidate.
“I see major confluence in the Cycles. Day 50 here of a 60-day cycle. The Weekly Cycle is due a low, as of course is the 4-yr Cycle. I’m looking to add my final tranche early Jan, essentially completing buying back bitcoin with the proceeds of sales during the bull phase,”
Altcoins to Watch Out as the Crypto Space Approaches the Pinnacle of Bear Market!
Dogecoin (DOGE)
Dogecoin price remained largely bearish throughout the year 2022 and spike high suddenly after it received huge buying volume in the first few days of November. The price which maintained a stagnant trend for more than 4 months, spiked by more than 150% in just a couple of days.
Undoubtedly, the price has almost halved since then but keeps up the bullish momentum. The DOGE price has raised the lower support levels and attempting a rebound and with a successful flip, the price may rise high in Q1 2023.
Shiba INU(SHIB)
Shiba INU dropped by nearly 75% since the beginning of the yearly trade and presently maintaining a steep bearish trend. Presently, the price is testing the levels pretty closer to the June support levels and hence assumed to ignite a rebound very soon. As the volume has been hampered to a large extent, the bearish consolidation may prevail for a long which may end up in a giant move toward the north very soon.
Cardano(ADA)
Cardano price is hovering along the crucial area to hold and attempting very hard to trigger a rebound. However, after a brief consolidation, the price may begin with a brief uptick but slowly yet steadily. The pace may be lowered and hence it may consume more time than required. The price may reach the bottom in the first few days of 2023 and after a minor consolidation could rise high during the rest of 2023.
Polygon(MATIC)
Polygon price appears to be the most promising token in 2023 which may incur huge profits in 2023. The price has been largely bullish despite the FTX debacle slashing most of the crypto price heavily. In the upcoming days, the MATIC price is expected to regain strength and reach beyond $1 very quickly. However, the bears appear to remain a little aloof and hence the bulls could continue rising high in 2023.
Ripple(XRP)
Ripple price is the most awaited rally in 2023. The Ripple vs SEC lawsuit is expected to settle during Q1 2023, post to which giant price action is believed to occur. The possibilities of the exchanges relisting the token emerge which may create a FOMO among the market participants. Eventually, the XRP price is believed to regain $1 in a very small time frame and further continue raising high in the coming days.
Quant(QNT)
The Quant price maintained a magnificent rally regardless of the current market trends which were in favor of the bears. However, the FTX collapse hindered the price rally and slashed the price by more than 56% in a very less time frame. Presently, the price has halted the bearish trend and consolidating within a very narrow range, hence, displaying a huge chance of a bullish breakout very soon.
Litecoin(LTC)
Litecoin is considered one of the most undermined tokens which share almost an equal trading history to Bitcoin. The token began as a lighter version of Bitcoin and as the team behind the project remain passive, the price was also impacted in a similar way. Moreover, when the CEO is back in action now, a healthy upswing may be imminent.
Polkadot(DOT)
The Polkadot platform is largely known for its strong fundamentals. The diverse blockchain architecture enables the token to stand apart from the crowd. The concept of parachains has been a huge advantage of the platform which may assist the price rally in the coming days. Meanwhile, the price which is trading at the lowest ever possible levels may rise high and resume with a healthy uptrend very soon.
Chainlink(LINK)
Chainlink which is also called as the Oracle of the networks has just began to ignite a signiifant recovery phase. The spike may be not be at par but the asset appear to be quiet strong enough to undertake a gigantic rally very soon. Meanwhile, the price which is stuck up within a range may soon undergo a notable breakout in the coming days.
Bitcoin Will Have Longest Bear Market in the History If BTC Price Plunge Below this Level
Since the beginning of its existence, Bitcoin has been roundly criticized for the extreme volatility and risky character of its market. However, recent occurrences in the cryptocurrency space seem to lend credence to the aforementioned worries.
Bitcoin’s value has decreased by 3.8% in the last twenty-four hours, bringing it down to $17,400 at the time of this writing. In spite of the fact that 2018 was a difficult year for the vast majority of the cryptocurrency market, there does not appear to be a shortage of believers that 2023 will offer a chance for recovery. This was demonstrated by a poll conducted by the renowned cryptocurrency analytics platform CoinMarketCap.
At the time of publication, the results are overwhelmingly optimistic, with 83.2% of respondents indicating a bullish outlook for the next year on the cryptocurrency markets, according to data obtained by Coinpedia on December 15. On the opposing side, 16.89% of voters are bearish about the future market conditions in 2023.
Benjamin Cowen, a cryptocurrency analyst who is also the founder of the well-known Into the Cryptoverse newsletter, recently sent a Bitcoin analysis video to roughly 800 thousand of his subscribers. In the video, he compared several Bitcoin bear markets.
The Bear Market Cycle Peak ROI is a helpful indicator that can be used to detect capitulation levels of the current cycle in bear markets. Analysts evaluate the extent of the market’s current losses by evaluating the Return on Investments from the top of the current cycle. The current bear market is in the green line.
According to the analyst, if April is regarded as the peak for BTC, then this bear market has been going on for 401 days, which is quite long and makes it the second-longest BTC bear market in the history of cryptocurrency.
The one that lasted from November 2013 all the way through January 2014, a total of 406 days, was the longest. That is to say, if Bitcoin (BTC) does make a new bottom in the next five days or more, it will break the record and become the longest bear market in the history of Bitcoin.
According to Cowen, there are a lot of reasons to believe there won’t be a new bottom, but there are also a lot of reasons to believe there will.
He went on to say that even if the BTC has reached the bottom, this does not indicate that the bear market is about to end.
Cowen believes that things will begin to turn around and become neutral sometime in 2023 and that as the halving approaches, we will begin to see some strong bullish signals.
What Can You Expect From BTC in the Coming Weekend?
Goldman Sachs opines that Bitcoin’s present value is driven by the breadth of its potential future use cases, making it both extremely volatile and a solution in search of a problem.
BTC’s recent price surge is an encouraging indicator of market demand. This is particularly true now that BTC has recovered from its plunge from $20,000 to $15,600 after the FTX crash and is trading at $17,600, just marginally higher than its June low.
RankerDao Launches NFT Badges, Allowing Users To Earn Money In a Bear Market
A new intersection of gaming & crypto is getting momentum across the world, where gamers are now finally rewarded for their skills.
The success of Axie Infinity & emergence of Games has shown us how Web3 is disrupting the gaming industry, also impacting millions of gamers to earn by playing games & having fun.
What is Ranker Dao?
RankerDAO has announced the launch of its all-new NFT Badge series, allowing users to earn money in the bear market.
RankerDAO is a decentralized autonomous organization that enables the collective community of crypto adopters to earn money by playing games.
The whitelist badges give players the chance to participate in and earn from RankerDAO’s upcoming IGOs,
while the gaming badge allows players to apply for scholarships, take part in giveaways, and request new games to be added to the NFT collection. RankerDAO also offers exclusive coaching for its members and access to its inventory of NFTs.
How can you earn money?
You can enjoy their Inventory of NFTs and participate in upcoming IGO or exclusive community events, tournaments, coaching sessions, and much more by becoming a RankerDAO Badge holder.
There are two types of RankerDAO Badges that you can own
RankerDAO Gaming Badge
RankerDAO Gaming Badge is your All-in-one ticket to P2E and will bring you more fun, more games, and more tournaments.
Their super-intelligent team will help you level up & sharpen your gaming skills by bringing the next generation of tutorials designed specifically for P2E games to help you excel.
So you can Rip through levels in any game like a pro! While having a lot of fun.
- Apply for scholarships
- Participate in exclusive giveaways
- Request any game you wish to be added to their NFT collection
RankerDAO Whitelist Badge
With the RankerDAO whitelist badge, you’ll be the first to experience new games & get a chance to get Investment slots in their Upcoming IGOs.
Their super-intelligent team analyses every aspect of a game in-depth before bringing it to you.
With True In-Depth Research, they’re ready to support upcoming AAA games to accelerate through the Gamefi landscape.
- Participate in upcoming IGOs backed by True In-Depth research
- Get First-hand experience with RankerDAOs partner games
If you need any assistance please join their Discord server and their team will be happy to help.
Get Connected
Website: https://www.RankerDAO.com
Medium: https://www.medium.com/@RankerDAO
Discord: https://discord.gg/RankerDAO
Chainlink, Cosmos, Toon Finance Are 3 Crypto Assets That Prove To Be Unbeatable During this Bear
It’s no secret that the crypto market has been in a bit of a slump lately. investors are feeling skittish and many are taking their money out of the market. However, there are still some crypto assets that are holding their own and even seeing some growth. Here are 3 examples of crypto assets that have proved to be UNBEATABLE during this bear market.
Chainlink (LINK)
In the world of cryptocurrencies, there are always new assets and technologies emerging that have the potential to change the landscape as we know it. One such asset is Chainlink (LINK). LINK is a decentralized oracle network that provides reliable data to smart contracts on the Ethereum blockchain. The demand for data-driven smart contracts is only increasing, which is good news for Chainlink. Let’s take a closer look at what makes this technology so special.
What is an Oracle?
An oracle is a third-party service that supplies external data to a blockchain application. This data can be anything from stock prices to weather conditions. Smart contracts rely on Oracles to trigger their execution because they cannot access this data on their own.
Oracles can either be centralized or decentralized. A centralized oracle gets its data from a single source that is controlled by a single entity. A decentralized oracle, on the other hand, gets its data from multiple sources that are all controlled by different entities. This makes decentralized Oracles much more resistant to tampering and fraud because it would be impossible for a single entity to change the data across all sources.
What is Chainlink?
Chainlink is a decentralized Oracle network that supplies reliable data to smart contracts on the Ethereum blockchain. It does this by connecting blockchain applications to off-chain resources like APIs and data feeds in a secure and tamper-proof way.
One of the advantages of using Chainlink is that it allows developers to create smart contracts that are triggered by real-world events. This opens up a whole world of possibilities for how blockchain technology can be used. For example, imagine being able to create a smart contract that automatically pays out insurance claims when severe weather conditions are detected in a certain area.
Chainlink has been described as the “Internet of Blockchains” because it has the potential to connect any blockchain application with any off-chain resource in a secure and tamper-proof way. The sky truly is the limit when it comes to what Chainlink can do!
The demand for data-driven smart contracts is only going to continue to increase as we move into the future. Chainlink is at the forefront of this emerging technology and stands to benefit greatly as the demand for Oracles grows. If you’re looking for an asset with long-term potential, Chainlink may be worth considering!
Cosmos (ATOM)
There’s no denying that the past year has been tough for crypto. The prices of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, have both declined significantly since their all-time highs in December 2017. However, there are a few bright spots in the crypto world, and one of them is Cosmos (ATOM).
Cosmos is a decentralized network of blockchains that can scale and interoperate with each other. The Cosmos Hub, the first blockchain in the network, launched in March 2019 and has seen consistent growth since then. Recently, Cosmos was added to the Coinbase Pro exchange, which is giving it even more exposure. Here’s a look at why Cosmos is one of the few assets to withstand the bear market.
1)The Cosmos Hub is the first blockchain in the network and it launched in March 2019. The team behind Cosmos has been working on the project for several years, and it shows in the quality of the product. The hub supports multiple consensus algorithms and provides an easy way for developers to launch their own blockchains. Since launch, the hub has been growing steadily and recently surpassed 500 validators. That’s impressive considering that most Proof-of-Stake networks have less than 100 validators.
2) One of the reasons why Cosmos is doing so well is because it addresses a major problem in the crypto space: scalability. Blockchains like Bitcoin and Ethereum can only process a handful of transactions per second due to their Proof-of-Work consensus algorithm. This limitation has resulted in slow transaction speeds and high fees on these networks. In contrast, Cosmos can handle thousands of transactions per second thanks to its Proof-of-Stake consensus algorithm. This makes it ideal for applications that require fast transaction speeds, such as payments or exchanges.
3) Another reason for Cosmos’s success is its Inter-Blockchain Communication protocol (IBC). This protocol allows blockchains to communicate with each other, which opens up a whole world of possibilities. For example, IBC could be used to connect different DeFi protocols so that they can interact with each other directly. Alternatively, IBC could be used to create synthetic assets that track the price of real-world assets like stocks or commodities. The sky’s the limit when it comes to what IBC can do, and that’s why many people are excited about its potential.
Cosmos (ATOM) is one of the few assets that has been impervious to the bear market. ATOM is a decentralized network of blockchains that can scale and interoperate with each other. The Cosmos Hub, the first blockchain in the network, launched in March 2019 and has seen consistent growth since then. Recently, Cosmos was added to the Coinbase Pro exchange, which is giving it even more exposure. If you’re looking for a bright spot in crypto, Cosmos is definitely worth keeping an eye on.
Toon Finance (TFT)
What is Toon Finance?
Toon Finance is a protocol that enables users to mint, buy, sell, and exchange NFTs on the Ethereum blockchain. Their mission is to create an ecosystem where people can easily connect with creators and collaborate on projects. Toon Finance was founded by a team of experienced entrepreneurs, developers, and designers who are passionate about blockchain technology and its potential to revolutionize the creative industry.
What is an NFT?
An NFT is a non-fungible token that represents a unique asset on the Ethereum blockchain. Unlike Bitcoin or other cryptocurrencies, which are interchangeable and can be divided into smaller units, NFTs are each unique and cannot be divided. This makes them well-suited for representing digital art, collectibles, or other items that are not easily replicated.
How Will the Airdrop Work?
The airdrop will take place over two rounds. In Round 1, 10% of the total supply of NFTs will be distributed proportionately to all participants who have contributed at least 0.1 ETH to the Toon Finance ICO. In Round 2, 5% of the total supply will be distributed proportionately to all participants who have contributed at least 0.1 ETH and have held their TOON tokens for at least 30 days prior to Round 2 beginning. The airdrop will happen automatically; there’s no need to do anything else once you’ve contributed to the ICO or held your TOON tokens for 30 days.
Don’t miss your chance to participate in Toon Finance’s exciting NFT airdrop! There’s still plenty of time to contribute to their ICO or hold your TOON tokens for 30 days (if you want to participate in both rounds). But act fast—after the presale ends, any unclaimed tokens will be burned! Visit their website today to learn more about how you can take part in this incredible opportunity.
Which of the Three is the Most Unbeatable?
Toon Finance has a successful stage 1 ICO presale, and with the airdrop to all their holders, this project has even yet to scratch the surface of their potential. Their focus on creating a truly decentralized protocol coupled with an amazing community with 24k members strong, they are the most to be the number 1 pick!
Toon Finance’s Potential
Toon Finance’s potential lies in their focus on creating a truly decentralized protocol. This means that there is no central authority controlling the network. Instead, it is run by the community of users who hold TOON tokens. This gives Toon Finance a level of decentralization that is not seen in other protocols such as Chainlink & Cosmos.
In addition, Toon Finance has an active and engaged community. There are currently over 24,000 members in their Telegram group. This kind of community support is essential for a project to succeed. The Toon Finance team is also very accessible and responds quickly to questions and concerns raised by the community.
Lastly, Toon Finance’s tokenomics are very attractive for investors. The total supply of TOON tokens is fixed at 1 billion. This token distribution ensures that there is enough liquidity for TOON to trade on exchanges and that the team will have enough tokens to drive adoption of the protocol.
Between Chainlink, Cosmos and Toon Finance, our vote would definitely go to Toon Finance! They have yet to scratch the surface of their potential and we believe they have what it takes to become the most successful protocols in the space. Thanks for reading!
Disclaimer: This is a press release 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.
Two Things That Could Determine the End the of the Bear Market
The cryptocurrency market and its leading market players are fighting to break out of a narrow consolidation zone. However, given the current state of the market, investors are left awaiting the impending market rally. The crypto winter stuck with the market longer than expected and with the FTX collapse, things got worse.
Amid all the hush-hush, one CEO is still confident that the bear market will end in the next few months. CEO of financial advisory firm deVere Group Nigel Green backed his support by bringing in factors like inflation and monetary policies.
Is Bitcoin more alluring right now?
Green predicted that as soon as inflation starts to slow down and central banks start to loosen monetary policy, the price of Bitcoin (BTC) and other digital assets will start to increase.
“Assets that most benefitted from low-interest rates were, naturally, hit hardest in 2022 by the hikes. These include stocks, especially in the tech sector, and cryptocurrencies, among other risk assets.
Green claimed that the present price of Bitcoin is attractive to long-term investors and that kind of confidence is coming back into the markets. He also added that the currently reduced prices will be used by many determined, long-term investors as a purchasing opportunity.
“One good thing about the hikes has been that as the sugar rush of free money faded away, we could see the real value of assets. Despite coming down 70% from its hype and heat-fuelled November 2021 high, Bitcoin remains the best-performing asset class of the decade.”
Conclusion
Following the recent release of FOMC minutes that were more dovish than anticipated and which also revealed that the Fed may reduce its interest rate hikes in the near future, Bitcoin has been flashing green for the previous few days. Market analysts said that the most recent price movement offered a once-in-a-generation opportunity to buy with only two years until the next halving when the king cryptocurrency will become more scarce.
Serum (SRM) and Cronos (CRO) Will Continue To Struggle In This Bear Market While Snowfall Protocol (SNW) Continues To Thrive!
It’s no secret that the cryptocurrency market is in a bearish state right now. Many altcoins are struggling, and it seems like nothing can save them. However, there is one coin that is thriving amidst the storm: Snowfall Protocol (SNW)! Serum (SRM) and Cronos (CRO), on the other hand, are not so lucky.
Why Snowfall Protocol (SNW) Is Thriving!
Market analysts attribute Snowfall Protocol’s (SNW) success to its unique multi-chain compatibility protocol. This protocol allows for secure asset transfers and cross-chain transactions between blockchains, giving Snowfall Protocol (SNW) an edge over Serum (SRM) and Cronos (CRO).
Moreover, the bridge is designed to generalize cross-chain communication and optimize the security model between asset transfers. This makes it the perfect tool to help investors navigate through this bear market. This is like how roads paved enable traders and merchants to reach their destinations faster and more securely.
To better understand why this crypto is the next 1000x token despite this bear market, it’s best to visit the links below.
Snowfall Protocol’s (SNW) compatibility model has enabled the growth of more than 140% at the beginning of its presale stage. Some experts are predicting that Snowfall Protocol (SNW) has the potential to grow 5000% by the time it is launched. Don’t waste your money on failing projects like Serum (SRM) and Cronos (CRO). Now is the time to invest and build with Snowfall Protocol (SNW).
Serum (SRM) and Cronos (CRO) Are Doomed…
Serum (SRM) is not doing well in the current bear market. Serum (SRM) is a protocol that focuses on DEXs and not the entire decentralized finance space. Serum (SRM) was created to retrofit existing protocols, but it can’t build a complete decentralized finance infrastructure from the ground up. Serum (SRM) is not interoperable and thus has a limited use case and utility.
Serum (SRM) needs a multi-chain interoperability protocol to help it bridge the gap between different blockchains to facilitate secure asset transfer and cross-chain transactions. This is where Snowfall protocol (SNW) comes in.
Similarly, Cronos (CRO) is the native currency for the centralized exchange entitled crypto.com. Cronos (CRO) was created to reward users on this platform. However, Cronos (CRO) is not interoperable either. If the crypto.com platform were to ever become bankrupt, Cronos (CRO) would become worthless.
Conclusion
Overall, Snowfall Protocol (SNW) is demonstrating that it can weather any storm – something Serum (SRM) and Cronos (CRO) cannot say for sure. Therefore, if you’re looking to invest in something that can bring you profits in this bear market, Snowfall Protocol (SNW) is worth considering. Check out the presale here: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
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Best Way To Invest $50,000 USD in Cryptocurrency Bear Market
Toonie Takeover
With money to invest, especially a large amount such as $50,000, it’s crucial that anyone considering their options gets as much information as they can about it. There is no room for error when you have money to invest because the entire point is to make more money, and although the markets can never truly be predicted, choosing something bad from the start due to a lack of good research will only make things harder. With that in mind, here are some options to consider if you have $50,000 to invest.
Toon Finance is the number one presale ICO option at the moment with plenty of other crypto investments that have already launched as well. Presales are such a hot commodity at the moment bringing investors up to millions and some even see billions of dollars in returns.
The Basics of an ICO Presale
Blog Introduction: An ICO presale is the process by which a cryptocurrency project raises funds before their public token sale. In general, there are two types of presales: private and public. Private presales are typically restricted to large investors, while public presales are open to anyone who wants to contribute.
Presale Process
The process for an ICO presale is generally as follows:
- A project announces that they will be holding a presale and releases information about the token sale, including the amount of money they are hoping to raise, the price per token, and the date of the sale.
- Interested investors express their interest in participating in the sale and are given a chance to contribute.
- Once the contributions have been collected, the project team allocates the tokens to the buyers based on the amount they contributed and sends them to the buyers’ wallets.
- The tokens are distributed on a first-come-first-serve basis, so it’s important for interested investors to act quickly if they want to participate in a particular sale.
- After the distribution of tokens is complete, the project holds their public token sale and raises additional funds from a wider pool of investors.
Why Participate in a Presale?
There are several reasons why you might want to participate in an ICO presale:
- You can get tokens at a cheaper price than you would during the public sale. This is because projects often offer bonuses or discounts to early contributors as an incentive to participate in the sale.
- You can get access to exclusive benefits that aren’t available to everyone else. For example, some projects set aside a certain number of tokens for their early contributors that can’t be bought during the public sale.
- You can help support a project you believe in from its earliest stages and play a role in its development.
Drawbacks of Participating in a Presale
Before you decide to participate in an ICO presale, there are a few things you should keep in mind:
- There’s always a risk that the project won’t succeed and you could lose your investment entirely. Of course, this is true of any investment, but it’s something to keep in mind before you commit any money.
- You may have to wait longer for your tokens than if you had waited for the public sale. This is because projects generally release tokens slowly over time so that they don’t flood the market all at once and cause the price of the token to drop sharply.
- There may be restrictions on how and when you can sell your tokens after you receive them . For example, some projects impose a “lockup period” during which contributors are not allowed to sell their tokens . This is designed to prevent investors from selling all their tokens immediately after receiving them and driving down the price .
An ICO presale is an opportunity for interested investors to get involved with a cryptocurrency project at an earlier stage and potentially receive bonuses or discounts on the price per token . However , it’s important to keep in mind that there are risks involved with any investment , and participating in an ICO presale is no exception . Before you decide whether or not to participate in a particular presale , make sure you do your research and understand all of the potential risks and rewards .
Dogecoin
Even though it was created as a joke back in 2013, Dogecoin has quickly risen to the ranks of the most popular cryptocurrencies. Since billionaire Elon Musk is a vocal supporter, its community and brand recognition have skyrocketed.
You may be asking if you should put money into this cryptocurrency now, given its meteoric growth in popularity. Traditional investors tend to view cryptocurrencies as high-risk investments. Also, while it’s true that some cryptocurrencies are stable, the vast majority of coins are extremely volatile, especially new coins or ones with no ‘real’ value. One such coin is Dogecoin.
Despite having been around about as long as Bitcoin, Dogecoin’s market value is fairly small outside of the forces generated by the Dogecoin community. Therefore, investment in Dogecoin is seen as dangerous by many.
Ethereum
Ethereum’s popularity has skyrocketed since it was released in 2015, and some estimate its value might increase by as much as 400 percent by 2022. Why is Ethereum so well-liked, and what are its benefits in comparison to other blockchains and cryptocurrencies like Bitcoin, the market leader?
There are actually a number of reasons why Ethereum might be a good investment option for your $50,000 – or at least part of it. To begin with, the risk of inflation affecting the value of your cryptocurrency is lower with Ethereum because the cryptocurrency was designed with a solution in mind from the start.
Another key draw of Ethereum is that it is one of the most liquid cryptocurrencies, making its trading rapid and simple.
And although some might argue that the fact that Ethereum’s market is so volatile is a negative, it may be viewed as a net benefit if it means that astute investors can capitalize on recurring patterns.
Bitcoin
Bitcoin is both the first and most widely used digital currency, so investors often feel ‘safe’ with the idea of investing in this. It is a digital currency backed by a distributed network of users rather than a single bank or government and functioning on the blockchain, enabling instant and secure payments without the need for a middleman.
However, no investor should ever feel safe when it comes to any of their investments; that way losses lie. So it’s wise to look more closely into bitcoin if it is of interest to you because it might be that it’s not that good a choice in the end. This will depend on a lot of factors.
One upside to bitcoin is that because of the proliferation of markets, exchanges, and online brokers around the world, bitcoin has quickly become one of the most liquid investment assets. Bitcoin can be instantaneously converted into fiat currency or other assets, such as gold, at incredibly low transaction costs. Bitcoin’s strong liquidity might make it an excellent investment vehicle for those seeking short-term gain. Of course, due to their huge market demand, digital currencies may potentially be a good long-term investment.
The market for bitcoin and other cryptocurrencies is still in its infancy, and every day brings a new coin into widespread circulation. Because of the novelty of the situation, price fluctuations and volatility are likely to increase dramatically. This doesn’t sound ideal, but the truth is that if you keep an eye on your investments, you can use this to your advantage and make some decent money.
In the cryptocurrency market, the Toon Finance coin is the latest fad since it is a meme coin that has quickly become the most popular. You may be considering buying some because it has been called “one of the most promising coins of the year and the future” by numerous market watchers.
The corporation has produced a total of one billion coins for sale, and at present, they are selling 500 million of them. What makes this initiative even more exciting is that it will also result in the launch of a decentralized exchange (DEX) for the Ethereum network. The platform was developed by industry leaders who wanted to provide their clients with the best possible service.
The ease with which you can start investing with Toon Finance coin is one of its many great features. You can just install a cryptocurrency wallet that supports multi-chain cryptocurrencies. This “wallet” is analogous to a traditional bank account, except that it stores cryptocurrency instead.
The low cost of holding Toon Finance currency is yet another fantastic feature. Due to the decentralized nature of the process, no intermediaries such as brokers or government organizations are required. Therefore, there are no hidden costs associated with buying this coin.
Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale
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Crypto Bear Market Will Get Worse In Coming Days – Predicts Tezos Founder
On Wednesday evening, Bitcoin was largely flat, but Dogecoin and Ethereum saw gains with the total market value of cryptocurrencies being roughly constant at $1 trillion. After a largely lackluster market month, cryptocurrency ended October slightly higher, setting up what may be a busy November. Many cryptocurrency companies began to struggle as a result of falling bitcoin prices as the U.S. The Federal Reserve scaled back its pandemic-era support.
Over 70% of the recent peaks have been lost by large corporations like Bitcoin, Ethereum, and others. The Fed, which is steadfastly working to control inflation, is on track to announce another rate hike.
Cofounder of “Ethereum killer” Tezos Kathleen Breitman predicts that the current bear market cycle in cryptocurrencies will only worsen. Breitman explains that cheap money “inflated” the most recent bull run.
She said that “a lot of easy money was pouring into the system.” The co-founder of Tezos thinks that the value of cryptocurrency enterprises has increased. She cited the fact that despite its sales volume dropping compared to 2021, the top NFT marketplace OpenSea is still valued at an astounding $13.3 billion. “There was a lot of cheap money that went in. Valuations went super sky-high,” Breitman noted.
Bear cycle similar to previous cycle?
The analytics company Glassnode compared the bottom of the current Bitcoin market cycle with those from earlier bear markets in its “week on-chain” report on October 31. A double-top rejection from last week’s relief rally appears to have put an end to it. The market was “hammering out a Bitcoin bottom, with almost textbook similarities to earlier cycle lows,” according to Glassnode.
It stated that, similar to earlier cycles, investors and hodlers have suffered significant financial losses as a result of the bear market in Bitcoin. It went on to say that the only thing left is a component of time and investor indifference.
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Titano Takes On The Bear
Bear market, you say? That hasn’t stopped Titano, who have been aggressively building through it all. Back in September, Titano launched T.S.P., the Titano Stable Pool, and a brand new game called LastBlock. This means you can now stake your Titano to earn daily rewards in BUSD stablecoin or play a skill and strategy crypto game using your Titano, with a chance to earn passive rewards and potentially a big jackpot too!
In addition to these combined utilities, Titano is relaunching their SWYCH DEX at SWYCH.finance with updated features and a goal to make it a top 5 DEX on the Binance Smart Chain!
What does that mean for you and what does it mean for existing Titano holders? I’m glad you asked! A DEX is a decentralized exchange that allows you to swap your assets directly on-chain. Everything is handled by immutable smart contracts. This means, no middlemen, no human interference to slow things down or add unnecessary cost, no KYC and low fees in comparison to most centralized exchanges. Plus, a portion of this fee goes to liquidity providers so the exchange can maintain the liquidity that holders so highly prize.
The initial SWYCH DEX was launched a few months ago to solve a problem that Titano was having with the third party exchange they were using. Titano had noticed that the Titano tokens being collected in swap fees were allowed to compound through the Titano auto-rebasing mechanism before being dumped onto the open market by the exchange they were using. This is a commonplace tactic and one major drawback from using a DEX. In Titano’s case, with the rebasing creating huge Titano holdings for the third party DEX, it was unsustainable. Titano’s SWYCH DEX solved this by offering the same low fees as other DEXs but added the promise to burn all native tokens collected by SWYCH. This is a revolutionary move which means all projects launching or listing on SWYCH now enjoy the deflationary benefits on every swap of their token.
With low fees (0.25%) and the promise to burn all native tokens, SWYCH DEX was already a very attractive proposition for DeFi projects but initially it was only open to Titano.
The relaunch of SWYCH DEX in October 2022 opens the DEX up to all projects on the BNB Smart Chain and promises to add a full suite of traditional DEX services starting with a brand new launchpad where new projects can apply to launch, raise funds, and list, all on a single platform with immediate access to investors. Future updates will include a staking and farming platform as well as an NFT marketplace.
Other unique features will include consultation services for marketing and launch strategies with access to a community of over 70,000 Titano members. Titano aims to treat projects on their DEX like partners and offer services that will help the project succeed. There’s over $4 million in liquidity already established and daily trade volume average more than $30,000.
SWYCH is currently onboarding new projects to the DEX, so if you’re looking for a place to launch, raise, and list, this is it! Reach out via the social channels and view the whitepaper today! Find out how you can benefit from this new, powerful DEX model on the BNB Smart Chain!
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End Of Bear Market For Dogecoin Price, DOGE At $1 Soon?
The meme king, Dogecoin had seen a splendid price rally after Elon Musk completed a long pending Twitter deal. This is because the new Twitter CEO had earlier announced to introduce Dogecoin payments for Twitter’s blue services. It has also been reported that Elon Musk’s Twitter deal has influenced 62% of Dogecoin (DOGE) investors to gain profit.
However, since the last day Dogecoin is slowly losing its pace and at the time of writing, Dogecoin is trading at $0.117 with a fall of 8.48% over the last 24hrs.
Meanwhile, a veteran trader, Peter Brandt has claimed via Twitter post that Dogecoin has already stepped into another bullish cycle.
Dogecoin (DOGE) Price At $1 ?
After being submerged in bear control for almost a year, in early 2021 the dog themed currency gained a massive market capitalization of $90 billion. However, this couldn’t stay long as the currency tumbled down along with other cryptocurrencies in May after Terra network collapse.
Furthermore, Peter Brandt asserts that the recent price rally of Dogecoin has paved the way for further price rally amidst the bear channel which began in May 2021. Bear channel is nothing but two parallel lines known as the support line and resistance line and this is one of the most commonly used technical patterns by market participants.
Hence, it can be said that until Dogecoin trades under bearish control, the bear channel remains active. The meme king is still down by more than 84% from its record high of $0.731578 indicating a loss for the one who purchased DOGE during its peak.
On the other hand, it is expected that Dogecoin might gain its new heights with an anticipation of considering the currency for Twitter blue service payments. Thus, the currency is still considered as a good buy opportunity.
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Oryen Network Defies Bear Market With a 100% Gain Over Toncoin, Shiba Inu, And Dogecoin
Finding gains in the current crypto bear market has become somewhat harder. But it’s essential to remember that these losses won’t last forever. Another critical point is that they aren’t due to a loss in crypto or digital currencies; they’re because of global financial implications, a looming recession, and rampant inflation. People simply don’t have the money to invest in things like crypto when their monthly bills have become so hard to manage.
But there’s still a massive future for digital currencies and crypto. When the economy improves, money will flow back into the space. This could make those who invest now huge gains. And there are still crypto projects that have flourished despite overall market conditions. These could fire up to even more extraordinary highs once the bull market returns. Oryen could be the pinnacle of those projects. Here’s why:
Oryen Network (ORY)
Oryen has already been performing remarkably well in the current bear run, showing excellent long-term potential for your portfolio. It’s got the credentials to become a significant part of the crypto space thanks to its buy, hold, earn ethos, which is supported by the Oryen Autostaking Technic (OAT). With OAT, you get the most substantial yields in the space of 90%, paid out automatically into your wallet simply from holding the token. That means complications like staking on external platforms are eliminated, making it the safest and easiest way to earn a passive yield in the industry. It’s already up during pre-sale and could fire even higher on the official launch.
Toncoin (TON)
As a completely decentralized layer-1 blockchain, TON has been designed to bring the benefits of ultra-fast transactions, small fees, and ease of use to onboard billions of users. It’s one of the best new projects to hit the space in some time and has plenty of potential for gains throughout the bear run and well into the future. That’s why experts recommend it strongly for your portfolio over the coming months.
Shiba Inu (SHIB)
SHIB might have just started as a meme coin, but it has become much more. With new passive earning options and increased burn rates, SHIB will be hoping it can capitalize on what is already a considerable fanbase of supporters to help drive back up to previous all-time highs and beyond.
Dogecoin (DOGE)
Dogecoin is often referred to as “the people’s crypto,” as an incredibly easy-to-use and transact token.
While you can see that it is somewhat down from all-time highs, it’s important to note that this graph shows it’s still much higher than before its massive surge period. That’s the opportunity you may get with ORY, a coin that will soon surge and make those early investors a fortune, even if it dips back down a bit.
Conclusion
DOGE, TON, and SHIB are all credible picks for your portfolio. But ORY is impressing onlookers the most and has a ton of potential to shine over the coming months. Now might be the time to purchase it while it’s still available at a discount during pre-sale.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Uniglo.io Marketing Efforts Bear Fruit, Asian Investors Pushing Project To Outpace Shiba Inu And Ripple
Uniglo.io (GLO) is an exciting new addition to the decentralized finance (DeFi) space. The minds behind this project have been busy with its presale since July. Now, efforts at marketing Uniglo.io are paying off, with investors in Asian markets gaining interest in the native token GLO. Asian crypto entrepreneurs are now pushing GLO to maximize its potential for an explosive launch. At this rate, GLO looks to outpace Shiba Inu (SHIB) and Ripple (XRP).
Uniglo.io (GLO)
The concept behind the Uniglo.io project is to offer a social currency that can weather fluctuations and market volatility. While most crypto assets are speculative, the GLO token has a stable foundation to keep its floor price strong. To achieve this, the protocol implements a Vault to hold digital currencies, stablecoins, digitized physical items, and other non-fungible tokens (NFTs). The Vault enables the Uniglo community to generate gains from volatile cryptos as well as stable asset classes. As such, GLO holders benefit over the long term, piquing the interest of crypto entrepreneurs in Asia.
The protocol also implements a dual-burn process called the Ultra-Burn Mechanism, which burns a percentage of every buy-and-sell transaction. The community also applies this mechanism to buy back and burn tokens that are circulating the market. By doing this, the protocol reduces the total supply of GLO and enhances the value for each loyal token holder.
Shiba Inu (SHIB)
GLO could outpace Shiba Inu, which is an Ethereum-based cryptocurrency released in 2020 as an alternative to DogeCoin (DOGE). Its native token, SHIB, is used in DeFi applications for lending and liquidity pooling. To expand the utility of SHIB, developers maintain a canine-inspired metaverse where users can play, explore, and create while earning passive income.
Ripple (XRP)
Uniglo.io could also outperform Ripple, which is an open-source blockchain programmed to facilitate faster and cheaper digital payment transactions. Its token XRP is consistently listed in the top 10 cryptocurrencies by market capitalization. Due to its low rates and fast transaction speeds, many banks use Ripple to exchange fiat currencies and cryptocurrencies. The network deducts a standard fee of 0.00001 XRP for every transaction, which is negligible compared to the high fees for cross-border payments charged by banks.
Final takeaway
Shiba Inu and Ripple have found success in the Asian market. However, Uniglo.io appears to be finding a home in this region as well, with many investors showing interest in it. The marketing efforts for this new project are finally bearing fruit, and early adopters of the GLO token should expect a bountiful harvest once the project launches in November.
For More Information:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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Whales are Accumulating These Altcoins Heavily During the Bear Market!
The crypto space continues to trade sideways as it consolidates within the pre-determined ranges. Due to the prolonged accumulation phase, the market participants have diverted their attention from some of the altcoins. Hence, the whales quickly grabbed some of such altcoins which remained unattended for a long time.
Litecoin (LTC)
Litecoin is considered the most undervalued crypto in the market regardless of its 11 years of trading history & closely following Bitcoin’s principles, LTC price traded with a 2-digit figure. However, the fractals appear to change very soon as huge whale activity has been recorded by Santiment in the past few days.
Litecoin’s whale activity spiked to an 11-month high, registering more than a million whale transaction count. Interestingly, 27 such whales were found carrying out transactions beyond $1 million. Meanwhile, the daily active address of Litecoin also spiked heavily recording levels above 192.52K. However, the LTC price continues to drain, due to the bearish captivity.
Chainlink(LINK)
The oracle of DeFi space, Chainlink went highly unnoticed ever since the market corrected post the bull run in 2021. While the market sentiments failed to uplift the price as it remained below $10 since May 2022. Furthermore, the possibility of a pullback also emerges as the technicals presently are extremely bearish. In such a case, whale acquisitions may turn the tables for crypto.
The key shark & whale addresses of Chainlink holding 10K to 1M have collectively added more than 4.73% or 43.31 million LINK worth nearly $312.7 million to their existing supply. Presently, these addresses hold nearly 17.61% of the supply, while the LINK price continues to consolidate heavily.
These whale acquisitions may not have an immediate impact but investors become quite vigilant when whales are active. As major volatility may spike that could further impact the altcoin’s price, regardless of the direction. Hence whether Chainlink(LINK) & Litecoin(LTC) prices could be impacted by these acquisitions is pretty interesting to watch.
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These Altcoins May Stand Strong Amid the Bear Market, But Will They Rebound?
The bearish pressure on the cryptocurrency markets is starting to ease slightly as Bitcoin prices quickly recovered from their recent lows of around $18,200. The BTC price broke down from the bearish flag, marking the bottom, which offered a catapult action to rise nearly 10% from its lows. Meanwhile, some of the altcoins stood strong, withstanding the bearish pressure and presently gearing up to establish a successful Uptober.
Ethereum (ETH)
The Ethereum price surged notably before the FUD circulating around the CPI rates dragged the asset below $1200. However, the prices rose notably and reached the upper resistance of the falling wedge. After a brief consolidation, the price may rebound and pierce through the pattern to reach immediate highs of around $1508.97.
Polygon (MATIC)
Polygon is among the platforms that have been constantly working to strengthen the Ethereum network and the DeFi/NFT space. The MATIC price, however, tanked heavily and reached close to $0.7, but the price quickly rebounded and surged by 15% to regain levels above $0.8. The price is expected to rise well beyond $0.84 after withstanding a couple of bearish interferences.
Avalanche (AVAX)
The price of the Avalanche has sharply declined, continuing a clear downward trend that began around the middle of September. However, the asset rebounded quickly after reaching the bottom below $15. Price is attempting to amplify the bullish candle that is currently in place in order to spark a significant upswing over the upcoming weekend. After rising above $17, the asset might experience some bearish action, drop back to the same support level, and then start to rise again.
Collectively, the markets seem to have rebounded significantly and are believed to continue on a decent upswing until the weekend. However, the weekend trades are expected to turn the tables for the altcoins as well and witness significant price action.
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When Will the Crypto Bear Market End? Predicts Billionaire Mike Novogratz
While the rest of the world is contemplating the Consumer Price Index data that will be released on Thursday, Mike Novogratz has a different opinion on the whole scenario.
According to the CEO of Galaxy Digital, the current trend will continue for another two to six months under a bearish scenario and the market can begin breaking in a bullish scenario. And he claims that there is a lot of breakage in the cryptocurrency market and in the rest of the world.
In an interview with Yahoo Finance, Novogratz claims that once the Federal Reserve stops its monetary tightening measures, Bitcoin (BTC) and other crypto assets are expected to rise.
“Since the Fed has decided to try to smash inflation by raising rates aggressively, the most aggressive rate-raising in our lifetime, Bitcoin sold off with other assets. It’s actually done better than most. I think if you finally get the pause, you will start seeing Bitcoin pick back up. Bitcoin and all cryptocurrencies. Are we going to get the pause? At one point, yes.”
The Fed is still acting in an effort to curb inflation and calm the economy, which has been pushing prices to their highest levels in decades. As investors react to an uncertain economic climate, the effects of every fresh Fed rate increase are still being felt on the stock and cryptocurrency markets.
Investors in cryptocurrencies may be in for another wild ride next week if these preliminary results hold and the meeting ends up being anything like the last four Fed meetings. Historical price charts demonstrate how the price of bitcoin fell after the Fed meetings in March, May, September, and June by at least 10% or more.
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Bitcoin at a Critical Support Despite a Drop Below $19,000-Is it a Bear Trap?
Bitcoin price broke the crucial support line and slumped hard below $19,000 just before the release of the fresh CPI rates. The market is expecting yet another shock wave as the MoM of the FOMC meeting hinted at an increase in the rates to lower the rising inflation. Therefore, in such a scenario, wherein BTC prices have dropped after each announcement, a similar reaction is expected in the next couple of hours.
Presently, the asset is trading within a crucial support zone after breaking down from a bear flag. Hence, the upcoming CPI rates may surely drag the price below the support levels. However, one of the well-known analysts believes the dump could be nothing but a bear trap, which may compel market participants to sell their assets at the bottom.
Capo points out the rising SPX 500, to which the crypto markets are said to correlate. On the other hand, the dollar strength DXY Index has been dumping firmly. Therefore, the analyst believes a massive rebound may still be expected that may uplift the price beyond $21,000 very soon. However, if the attempt for a rebound fails, then the BTC price may face a rejection & drop hard to plunge close to $16,000.
No matter, the market sentiments are bearish, but the bulls appear to be awaiting the right time to jump in as the prices reach $18,100. Therefore, the upcoming CPI rates are expected to drag the price close to $18,000 but may certainly hold these support levels and also trigger a firm rebound. With a rebound, Bitcoin price may rise high surpassing the crucial resistance at $20,800 to reach $21,000 very soon.
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Cardano (ADA), Cosmos (ATOM), And Flasko (FLSK) are Worth Checking Out During The Bear Market
The cryptocurrency market downturn has washed out the speculators and cryptocurrency projects with no tangible use or value. Moving forward, only protocols with utility, novel use cases and unique value propositions will stand the test of time over the long run.
Cardano (ADA) and Cosmos (ATOM) are blockchain protocols that have demonstrated their long-term viability, established by their astronomical price increases as they sailed to the top. That makes both cryptos great coins to buy at a discount.
That said, the bear market presents similar opportunities for sharp investors who can identify similar projects – and alternative investment protocol Flasko is emerging as the hands-down favorite.
Cardano (ADA) Is A Great Invest In 2022 Like Flasko (FLSK)
Cardano (ADA) has emerged as a top contender among layer one smart contract platforms in the wake of Ethereum (ETH) and its success. The Cardano (ADA) platform offers developers a scalable, efficient, secure platform to build dapps, while offering users fast transactions with near-instant finality. Cardano (ADA) is the network’s native token for staking, DeFi, and governance.
This features the Cardano (ADA) settlement layer and the Cardano (ADA) computing layer. The former is responsible for keeping user accounts and ledgers, while the latter is responsible for fast and significantly more affordable transaction processing.
Moreover, Cardano (ADA) enabled smart contracts through its proof-of-stake consensus mechanism and two-tier blockchain structure with the Alonzo upgrade of 2021. It’s safe to say that Cardano (ADA) has momentum building into the future, making it a great buy in 2022.
Cosmos (ATOM) Investors Are Expecting Huge Returns
Cosmos (ATOM), like Cardano (ADA), is another protocol built to solve the ongoing question of interoperability among blockchain ecosystems. Cosmos (ATOM) was developed as a token that can be used across platforms as a means of exchange. Moreover, Cosmos (ATOM) can scale as necessary to support wider use and investment.
Using its software development kit, developers can build blockchain protocols on Cosmos (ATOM). Meanwhile, users can take advantage of the Cosmos (ATOM) ecosystem through the Cosmos (ATOM) hub, from whence they can facilitate transactions across blockchains using bridges to other popular blockchain protocols. Consequently, its native token, Cosmos (ATOM), offers multiple uses, such as staking, DeFi, and governance. At $12, buying Cosmos (ATOM) is a tantalizing opportunity to buy low.
Flasko (FLSK) Is Seen As A Profitable And Secure Long-term Investment
While Cardano (ADA) and Cosmos (ATOM) make great buys to make decent profits, one thing is for sure: they WON’T go on the parabolic runs they already did.
If massive gains are what you’re looking for, who doesn’t? Flasko is your opportunity to get in on that action. Flasko is building a protocol for the $13.4 trillion alternative investments industry, particularly for rare wines, whiskeys, and champagnes. This trillion-dollar sector is known for steadily increasing gains over the past decades, performing better than gold.
Best of all, Flasko is on presale, with Flasko tokens priced at $0.05 – and a massive run is yet to be priced in.
With a unique value proposition enabling investors to buy NFTs with real asset backing in the form of bottles of rare wines and whiskeys – which can be bought on a fractional basis – Flasko offers users to invest in the lucrative industry and anchor their more volatile investments with assets that are proven to appreciate in value and scarcity over time.
Moreover, Flasko devs have locked liquidity on the alternative investment platform for over three decades, and a full audit completed by Solid Proof, long-term success is definitely in the cards for Flasko.
Website: https://flasko.io
Presale: https://presale.flasko.io
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Bitcoin To See Fresh Bear Market Lows In Q4 – BTC Price Predicted To Bottom At This Level
Yesterday, when the US released its better-than-expected September job figures, the price of bitcoin experienced a rather unexpected decline.
With the exception of Ripple, the majority of altcoins are currently in the red. Popular cryptocurrency analyst Nicholas Merten said that as long as the U.S. the Federal Reserve maintains its hawkish stance, the price of Bitcoin could decrease.
The DataDash host cautioned the investors in a new video update that Bitcoin may see fresh bear market lows as long as the Federal Reserve keeps enforcing strict monetary rules.
He said that prior to that, the Federal Reserve was quantitatively easing and cutting interest rates. Currently, it is doing the opposite by tightening quantitatively.
Since interest rates began to decrease in the 1980s, it has increased interest rates at the fastest rate it has in recent years.
Additionally, the Fed is beginning to lower their balance sheet. They are beginning to, month by month, get into a pattern of reducing the amount of US Treasuries they are selling, and they will eventually start to possibly start selling mortgage-backed securities.
Which amounts to the money supply losing tens of millions, if not hundreds of millions, of dollars. These assets are being sold by the Fed for less money, which is then lowered. It is derived from the available cash.
BTC Price to $12k?
Merten also predicts that there will likely be further selling pressure on Bitcoin until the Federal Reserve succeeds in containing inflation.
Bitcoin’s price may drop to as low as the $10,000 to $12,000 level, according to Merten, but at that point, he claims, a significant chance for BTC bulls arises.
“When we get that range, no one’s gonna want to buy Bitcoin. Everyone’s gonna think that crypto is going to zero. It’s over. It’s done. That’s the kind of range where I get really excited. The unexpected capitulation. That’s where you get generational buying opportunities when no one else is willing to pull the trigger, but you will
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Bitcoin To Hit New Bear Market Low – Analyst Maps Next Levels For BTC Price
Popular crypto analyst and trader, Jason Pizzino, has relayed his hopes for a final capitulation cycle for the world’s first cryptocurrency, Bitcoin (BTC), before the currency bottoms out.
In his new strategy session, Pizzino informs his 275,000 Youtube subscribers that the King currency couldn’t hold onto the actual bottom pattern, hence, it appears that Bitcoin will hit a new bear market low soon.
He explains that whenever the asset forms a double bottom due to the currency’s inability to hang in there, the market participants can expect a new bottom to form. He predicts that if the Bitcoin price trades below $18,600, there will be a double bottom and a new bear market low.
However, this may not be a major cause of panic. The analyst predicts that the correction will not be intense, and will be way milder than we’ve seen previously in 2022.
As per the expert, it’s important to pay attention to the chaotic and disturbed market sentiments. Because of this, Bitcoin may drop to $13,000, step up towards $14,000, $15,000 and then the $16,000 area.
At the time of publication, Bitcoin is changing hands at $18,858 after a pull-down of 2.21% over the last 24hrs.
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Bitcoin Price To Drop At 2018 Bear Market Lows, Claims Analyst, Here Is His Target – Coinpedia – Fintech & Cryptocurreny News Media
Since the release of the US Consumer Price Index (CPI), the world’s first cryptocurrency, Bitcoin started its downward journey and is struggling for a bull run. Meanwhile, a well-known crypto analyst and trader who is mostly known for his timely Bitcoin prediction, is expecting more troubled days for BTC.
The analyst who is known as Justin Bennett, informs his 108,800 fanbase over Twitter that the flagship currency is about to create a huge descending pattern which will pull back Bitcoin’s trading range towards 2018 bear market lows.
The analyst claims that since May, Bitcoin is forming a bearish graph which will see the currency dropping at $5,000 level. He also says that this is one of the worst trading levels for Bitcoin and once the $5,000 area is hit, BTC will reclaim the $12,000 range.
Bitcoin Price To Drop Near $12,000
However, Justin indicates that though he predicts a fall near the $5,000 level, in reality BTC will not see a drop towards that level. Here he refers to the percentage objective and asserts that if the percentage objective is applied against the price objective there will be a price target of $11,000 or close to $12,000.
Conversely, though Justin Bennett claims bearish momentum for the King currency, he also states that there is a possibility for a bull run this week due to shorting by traders.
As per the expert, there will be more shorting seen above $20,200 which will push BTC price towards more profit
At the time of publication, Bitcoin is changing hands at $19,190 after a plunge of 3.38% over the last 24hrs
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Bitcoin to Offer A Huge Buy Opportunity as the Bear Market to Bottom in 2025! – Coinpedia – Fintech & Cryptocurreny News Media
Bitcoin price continues to struggle within the same price range, as the bears successfully restrict the price below $20,000. While the buying volume is constantly depleting, fewer chances of a bullish breakout may be expected. The BTC price after a brief consolidation dropped heavily from $19,600 to reach the bottom at around $18,500.
The BTC price may certainly rise above all the odds and regain the lost levels, but in the longer time frame, an extended bear market appears imminent. Bitcoin, since its inception, has been trading within a wave pattern hitting the upper resistance and lower trend line during each bullish & bearish cycle. Woefully, the asset is closer to slicing through the lower support and forming new lows which are beyond expectations.
The BTC price was trading within a fine parabolic uptrend since the beginning which appears to have shaken a bit. The major trendline that was been followed from 2013 is breaking down which flashes huge bearish signals for the asset. If we consider Elliot Wave analysis, then the asset has accomplished a major wave and is due for further ABC retracement. The target of Wave C is the start of Wave 4.
Moreover, the price of Bitcoin is below the crucial 200-day MA levels for the first time in its history that indicated the resurgence of bears. After a significant breakout, the price may eventually retest the trend line but may fail to surpass & drop hard to hit the lower support. Woefully, the lower support coincides with levels around $3000.
Therefore, if the bulls do not jump in, then the Bitcoin (BTC) price may deep dive into a bearish trend somewhere in 2025.
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Uniglo (GLO) Preludes End Of Bear Phase With Huge Price Spike Along With Bitcoin (BTC) And Terra (LUNA) Recovering
There’s one crypto that’s been performing extremely well recently, and that’s GLO. GLO’s recent performance could indicate an end of the current bear run. And even if it doesn’t mean the whole market is going to recover, it certainly shows that there’s still money to be made in certain cryptos and that they don’t all have to be down just because the wider markets are. GLO has huge potential, and so does the rest of the crypto world. Some tokens have actually thrived despite wider market conditions. And this performance shows extremely bullish potential. These performing crypto projects have the dual benefits of being able to make investors money during a downturn, but also showing potential for even more growth once confidence returns to the space.
Uniglo (GLO)
Uniglo has tons of potential to become one of the best coins the crypto world has ever seen, and it has been performing incredibly well in pre-sale. Experts think it could go onto even bigger gains after it moves out of pre-sale, so this gives early investors the perfect opportunity to pick up a token at discount prices that has huge room for growth. GLO works by holding a solid store of value in the GLO vault, a diversified range of assets are held to provide a solid price value for the token, as part of GLO’s innovative deflationary tactics.
These deflationary measures are added to by the GLO burn mechanism which ensures more tokens are burned than with almost any other crypto project. GLO can never be printed unlike fiat currencies and becomes more and more scarce over time. All these measures help make GLO one of the best tokens the space has ever seen, and one that’s primed for solid and sustainable growth whether we’re in a bull run or a bear run. That’s why investments are increasing into GLO every day, but you still have the chance to pick it up before it goes onto even greater gains, so check it out immediately.
Bitcoin (BTC)
Bitcoin might have dipped a fair bit in the last few months, but some still think it has shown considerable strength. That’s because many expected the dip to be much worse, but it wasn’t. BTC showed strength even though it was falling. When the bull market returns BTC could be in for huge growth, and could fire back up to all-time highs and beyond. That’s why investments are increasing from certain sections of the market into the biggest crypto in the space.
Terra (LUNA)
Terra’s prices are recently up a considerable amount, showing strength for this altcoin project. Experts think they could continue to grow, so you might want to add LUNA to your portfolio immediately.
Conclusion
There’s still plenty of potential in the crypto space. LUNA, GLO and BTC could all do great things for your portfolio in the coming months, so consider investing in them seriously.
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Bitcoin Bear Market May Continue Until the End of 2022, Will BTC Price Find its Lows? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto markets displayed diverse price actions ever since the beginning of 2022 & displayed a contrasting behavior to what was being predicted. Considering the latest price action, the Bitcoin (BTC) price marked the very much-needed 10% jump during the previous trading day.
While the market sentiments are coiling up, one of the well-known analysts believes the asset is due for a final capitulation phase before the end of 2022.
Benjamin Cowen, the founder of blockchain firm, cryptoverse, advocates that the star crypto is due for a significant drop, this year. In a recent interview, Cowen noted the correction would mirror historical price movements that it underwent after it smashed an all-time high.
“Comparision of the various bear markets, you know we spend a few months sitting at about 70% down from the all-time high, and then it’s like at the end of the year, or early the following year, we get that final capitualtion,”
FED Activity Responsible for Disrupting the Bitcoin Bull Market
The analyst here believes that raising inflation may be the most important reason behind his bearish claim. The Fed may continue to undertake stringent action to curb the raising inflation which is cemented at a 20-year high level. The hike in the interest rates may eventually impact the stock market, which could influence the crypto space as well.
On the other hand, the Ethereum Merger is also fast approaching, which is expected to be a game-changer for the crypto space. He hopes the confidence in the market may pile up if the Merger accomplishes successfully without any major technical flaws.
“It’s a very important event for the entire crypto space because if it goes according to plan and there are no major hiccups, then I think it can provide a lot of confidence in the asset class as a whole at a time when we really need that if you think about everything that’s bad, that’s happened in crypto this year,”