Ripple (XRP) Expected To Win Lawsuit, While Avorak AI ICO Selling Out Fast
The world of cryptocurrency is constantly evolving, and Ripple (XRP) is one of the most talked-about digital currencies in the market. With a market cap of almost $19 billion, Ripple is the sixth-largest cryptocurrency behind Binance Coin and USDC. In recent news, Ripple (XRP) has been making headlines due to its ongoing legal battle with the US Securities and Exchange Commission (SEC).
Latest Ripple (XRP) News and Ripple Lawsuit Explained
The SEC filed a lawsuit against Ripple (XRP) in 2020, alleging that Ripple had sold $1.3 billion worth of unregistered securities in the form of XRP. The SEC claimed that Ripple had violated securities laws by selling XRP as an investment contract rather than a digital currency.
Ripple has firmly denied these allegations, stating that XRP is not a security and that it is a utility token used to facilitate cross-border payments. Ripple has also argued that the SEC has not provided any clear legal guidance on whether XRP should be considered a security and that the lawsuit has caused significant harm to Ripple’s business and reputation.
Despite the ongoing legal battle, Ripple (XRP) has continued to make progress in the cryptocurrency market. In recent months, Ripple has announced a number of partnerships with major financial institutions around the world, including MoneyGram and Banco Santander.
However, the legal battle may finally come to an end with a devastating blow dealt to the SEC’s case, excluding statements of the key witnesses for the prosecution and indicating a landslide win for Ripple and the whole blockchain industry.
XRP Price Prediction
With Ripple’s expansion in South-East-Asia and the current positive news surrounding the case against the SEC, XRP has been one of the best performers in recent weeks.
Analysts predict if the lawsuit is decided in favor of Ripple, its token XRP could increase rapidly, even tho its all-time high of $3.84 may take a while to reach. In fact, the most bullish analysts target a price of up to $2.16 by 2024, surpassing its old ATH by 2025 with a target of $3.61 in the best-case scenario.
Avorak AI – ICO Selling Out Fast
While Ripple (XRP) is making headlines in the cryptocurrency market, another digital currency is also making waves. Avorak AI is a new ICO (Initial Coin Offering) that has been selling out fast, raising over $200,000 going into the second phase of the presale.
Avorak AI is developing an AI-powered platform on the Binance Smart Chain. It utilizes machine learning algorithms to analyze market data and predict future market trends. The platform also offers a number of different tools and features to help traders navigate the complex world of cryptocurrency trading.
Conclusion
Ripple (XRP) remains one of the most talked-about digital currencies in the market. The ongoing legal battle with the SEC has not stopped Ripple from progressing and expanding its market presence. Meanwhile, the launch of the Avorak AI ICO has shown that there is still significant demand for new digital currencies that offer innovative solutions to traders’ challenges in the cryptocurrency market.
Learn more here:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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HedgeUp (HDUP) and Binance Coin (BNB) Expected to Perform Well in 2023
As the bear market continues to create havoc in the crypto space, new token releases are at their all-time high. More and more projects are joining the ranks, and HedgeUp (HDUP) is one of those leading the trend.
HedgeUp (HDUP) is a new crypto project that has taken the market by storm. Even in the presale stage, the platform has successfully gained holders’ trust.
Today, we will take a closer look at it, find out how it compares to Binance Coin (BNB), and find out why so many experts have tipped these two tokens to perform well in 2023.
Binance Coin (BNB)
Binance Coin (BNB) began as an ERC-20 standard token built on the Ethereum blockchain. It is the native token of the Binance ecosystem and powers the BNB Chain ecosystem.
BNB was launched in 2017 as an asset for users of the new exchange to pay fewer trading fees.
The BNB coin plays a vital role in the Binance ecosystem by powering operations. Among other things, the coin was designed to pay listing, exchange, trading fees, and other expenses users incur on the Binance cryptocurrency exchange.
Over the years, Binance’s role has expanded beyond just a digital asset exchange, and BNB remains an integral part of the Binance ecosystem. The coin has also come a long way since its launch as an ICO in 2017. Despite the recent hack and market downturn, its performance has been impressive. Binance constantly works on consolidating its market share in the crypto industry and creating new innovative projects.
With its investment in Twitter, one can look forward to new use cases for the BNB coin, making it a promising cryptocurrency in 2023.
HedgeUp (HDUP)
HedgeUp is building the first crypto NFT alternative investment marketplace and is a highly beneficial addition to the cryptocurrency sphere.
Investors can buy into fractionalized NFTs backed by HedgeUp’s extensive catalog of assets such as wine, fine art, diamonds, luxury watches, yachts, gold, and private jets. These assets will be fractionalized and available for users to access from the equivalent of $1 in HDUP tokens.
Users can buy a fraction or 100% of an NFT representing a specific asset. If they buy the entire NFT, they can have the assets delivered to their designated address.
In addition, token holders will enjoy many excellent features, such as exclusive access to equity NFT releases, launchpad, bonuses and staking rewards, online master classes, wallet, and banking.
HedgeUp offers unmatched transparency and long-term commitment to building a successful platform –and it shows.
For one, HedgeUp’s founders and the team have locked their tokens for 18 months, which is a testament to their commitment to the token’s safety and long-term stability. Moreover, investors can buy into HedgeUp confidently, knowing it has already passed a stringent audit with Solid Proof and CoinSniper with flying colours.
The presale of HedgeUp is happening now, and the token value is priced at only $0.013. However, many experts have predicted that the token will grow significantly in 2023.
Hence, any cryptocurrency investor looking for the most outstanding results should consider investing money in HedgeUp tokens.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
Shiba Inu Whales Could Cause A Price Drop, Cardano With An Update On Hydra While The TMS Network Presale Completes Stage 1 Earlier Than Expected
Projects are consistently evolving, and whales can have a major role in the value of a specific coin or token. Each cryptocurrency and its utility carries a high responsibility regarding its overall appeal, value, and momentum.
The most notable projects that have sparked interest among investors include Shiba Inu (SHIB), Cardano (ADA), and TMS Network (TMSN), but not all of them have performed equally, and we will be exploring why this is the case.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) ecosystem and cryptocurrency experienced $300 million in trading volume.
News surrounding the financial issues at Silvergate Bank spooked the market, and the SHIB cryptocurrency saw a massive whale sell-off.
With the launch of Shibarium, a Layer-2 network, hype surrounds the ecosystem. Despite those aspects, as of March 3, 2023, the SHIB cryptocurrency is trading at $0.00001134.
This level of volatility and liquidity can help SHIB rebound in the upcoming days, but nothing is certain.
This development decreased SHIB’s value by 13.67% in the last seven days or 5.46% in the last 24 hours. These aspects have made SHIB investors worried, as the cryptocurrency could also dip in the upcoming days instead of rebounding.
Cardano (ADA)
The development team behind the Cardano (ADA) blockchain has discovered a new way to enhance the overall Hydra scaling system and released the latest update surrounding it.
They recorded another milestone on the on-chain activity, where according to the data, 117 projects have been launched on top of Cardano (ADA). Aside from the live projects, 1,205 are currently getting built on the protocol.
Plutus Scripts recorded on Cardano (ADA) equalled 5,857, of which 762 were Plutus V2 scripts.
A major update surrounding the Hydra Protocol was shared, where they announced that they completed work on a different method of dealing with the contests throughout the contestation period.
Future development could spark a higher level of appeal and trust in the ecosystem from the perspective of the network. Hydra can potentially scale ADA to 1,000,000 transactions per second (TPS). ADA is trading at $0.3391 as of March 3, 2023.
TMS Network (TMSN)
TMS Network (TMSN) has also grabbed the attention of a lot of investors and traders, as it’s on a mission to completely revolutionize the way the trading industry operates by becoming a decentralized trading platform available to anyone from anywhere in the world. The platform enables access to the trading of stocks, FX, and CFDs with crypto directly.
By taking advantage of the opportunities behind the TMS Network (TMSN) platform, users can buy or trade any derivative, and all of it is available without the need to create an account. All users need to do is connect a crypto wallet and get access to all of the features alongside the TMSN token. For those new in the trading space, a Copy Trader feature is available, alongside access to MT4 and MT5.
Stage 2 of the presale has begun. The TMSN token is at the forefront of the project and can be purchased at just $0.029 initially. Those curious about engaging with the token and ecosystem need to do so quickly by following the links below, as analysts predict that it can spike to $2.20 by December of 2023. The TMSN token enables investors the unique opportunity to invest in a project that can assert itself as an industry leader.
Presale | Telegram | Discord | Twitter
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Polygon Adoption is Exploding- MATIC Price Expected to Exceed $2, Landing in Top 5 Soon!
Polygon is among the platforms which hold immense strong fundamentals regardless of the price movements of its native token ‘MATIC’. The price experienced immense bearish action in recent times but the year 2023 ignited a notable upswing that is believed as a revival of a bullish trend. Despite the bearish interference, some indicators signal the uptrend may not stop until the MATIC price does not reach $2.
The Layer-2 chain has been holding a strong grip over the DeFi space with numerous projects and collaborations. The most recent to join the forces was a decentralized protocol Dopex Finance.
The MATIC price reacted positively and spiked notably which was also fueled by the bullish market sentiments during the past trading week. This comes soon after the chain completed its hard fork to increase the stability, and speed and also reduce the gas fees on the Ethereum chain.
In the meantime, MATIC’s price is displaying strong fundamentals as the positive sentiments prevail with the possibilities of a price continuing to swell in the coming days.
The MATIC price underwent a parabolic recovery to reach the pre-FTX price levels beyond $1.2 and appears to lay down a significant upswing after withstanding a minor bearish pressure. The RSI is maintaining the lower support at 60 and bouncing off at every contact pointing out toward the strength of the bulls and being self-assured of the impending rally towards the north.
Besides, MATIC has surpassed Shiba INU to become the most traded token of the top Ethereum whales, while the TVL of the Polygon chain has also surged notably. The social dominance of the token has also surged with a jump in the transaction volume. Hence considering all the factors, one of the top analysts believed the token to be featured in the top 5 very soon.
Moreover, Mike McGlone, a popular Bloomberg Strategist in his report says that Polygon has the 3rd-largest ecosystem for dApps with more developers compared to that rivals like Avalanche and Fantom. The report also highlights the growing adoption of corporate giants like Nike, Disney Starbucks, Coca-Cola, etc in form of collaboration.
“Based on Polygon’s string of brand-name partnerships in 2H22, this year could be the year of mainstream NFT adoption. The explosion in active users on the network stemmed from several blockbuster corporate partnerships struck by the company behind the network, Polygon Technology,”
Snowfall Protocol Expected To Reach $5 By 2030, As Chain (XCN) Hits All-Time Low
Chain (XCN) has been affected by the bearish market conditions. XCN, which is built on the Ethereum network, has reached its all-time low of $0.012 after reaching its all-time high of $0.184. Despite the red candlesticks on major coins in the crypto market, smart investors are seriously looking forward to the next bull run and subsequently looking for unique and innovative projects that will shock the entire crypto space to invest their money in.
However, some influential crypto market analysts have been very bullish on the new crypto project, Snowfall Protocol (SNW). Some analysts have predicted that it will soar as high as $5 by the year 2030, even though it is currently trading at $0.17.
This article aims to delve into the root causes of the bear market’s impact on Chain (XCN) and assess the potential for the Snowfall Protocol (SNW) bull run.
Chain(XCN) Use Cases and Market Analyses
Chain (XCN) was founded in 2014 and provides a cloud-based infrastructure solution to support the Web3 economy. The goal of Chain is to promote the growth and development of the Web3 economy through its infrastructure platform.
Despite this, Chain (XCN) continues to struggle in the crypto market due to a lack of community adoption. During the past year, the price of Chain (XCN) has fluctuated greatly in value, reaching both its highest and lowest points ever recorded. At present, the token is trading at its lowest point, having dropped from its previous record high of $0.184 to its current value of $0.012.
All these reasons and more are the reasons why seasoned crypto analysts and investors are bullish on a project with real-life use cases like the Snowfall Protocol (SNW).
Snowfall Protocol(SNW)-Expected to Reach $5 by 2030
The entire cryptocurrency market is displaying red candlesticks. Investors and traders are losing money and are currently looking for ways to recover and make more money than they have lost. Assets like Chain (XCN) do not even have the capacity to give a 100X, but analysts are already predicting Snowfall Protocol (SNW) to hit $5 in 2030, even if it’s currently trading at $0.17. These are not just mere assumptions. The predictions are based on the facts of what the project has in store for smart investors.
One of the many reasons Snowfall Protocol (SNW) has significant potential is because it offers a unique feature in the Web 3.0 space: the ability to perform cross-chain swaps for both fungible and non-fungible tokens. This capability has not been previously available in this space, making Snowfall Protocol (SNW) a highly valuable tool for those looking to trade and exchange a variety of digital assets.
It’s worth noting that the Snowfall Protocol (SNW) has already raised more than $3 million in its Stage 2 presale round. Since it gained traction with members of the crypto community, the project has been one of the most searched for crypto projects.
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Experts Predict Low Gains For Tron And Dash In 2023, While Snowfall Protocol Is Expected To Incline
Crypto experts analyze the performances of crypto coins daily. Recent reports suggest a meager future for Tron (TRX) and Dash (DASH) in 2023. In contrast, Snowfall Protocol (SNW) has rapidly accrued many global enthusiasts. Experts predict it to be a lucrative investment option for next year.
Investors Are Not Happy With Tron (TRX)
After hitting its all-time high in 2018, Tron (TRX) showed no significant rise in its price. It failed to sustain a steady incline throughout the period between 2018 to 2022. Tron (TRX) investors have been experiencing frequent price drops for the last few months. It has led them to seek alternatives to Tron (TRX) and protect their portfolio from risk.
Tron (TRX) announced a partnership with another blockchain project, Huobi (HT) Heco blockchain. Since then, investors have seen a break in the market growth of Tron (TRX). The market has been moving slowly, leading to new lows in the price of Tron (TRX).
Recent Tron (TRX) price prediction suggests that it will further drop, by $0.001469 from the current price of $0.056, in the next 7 days. Moreover, a sudden collapse of FTX has raised concerns among Tron (TRX) investors. The reduction in the number of Tron (TRX) holders over the years is understandable.
Dash (DASH) Does Not Seem Promising For Next Year
In 2021, Dash (DASH) reached its peak value of $1493.59. But, it failed to make any further growth. Dash (DASH) is currently trending at $49.05, which is 63.77% below its all-time high and 1.17% down from the previous day’s price.
Investors witnessed critical price drops over the period leading them to lose trust in the Dash (DASH) project.
Dash (DASH) has shown extreme volatility over the years; its price has been reported to fluctuate by 10% within 24 hours. This has resulted in investors being concerned about Dash’s (DASH) future in the crypto market.
Wallet Investor predictions suggest no significant growth in the price of Dash (DASH) in 2023, and the market will experience a bearish pattern over the next few years. By 2025, the price is expected to reach $440, which is not satisfying for Dash (DASH) investors.
Snowfall Protocol (SNW) Price Goes Up
Snowfall Protocol (SNW) is a new crypto project that is leading the crypto growth charts. Snowfall Protocol (SNW) quickly gained popularity among investors due to its advanced dApp prototype and solutions to enable cross-chain swaps. Snowfall Protocol (SNW) is selling at more than 300% price surge, compared to its launch price.
Snowfall Protocol (SNW) had two successful presale campaigns. The 2nd presale phase was out-sold a day earlier. Its 3rd presale phase is live on its official website. To date, Snowfall Protocol (SNW) has sold more than 150 million tokens.
The official Snowfall Protocol (SNW) launch will take place in January 2023. Experts predict a bullish pattern for Snowfall Protocol (SNW) for most of the next year.
Technical indicators show a rise in the price of Snowfall Protocol (SNW) by 1000% towards the end of presale. Thus, investing in Snowfall Protocol (SNW) could have a noticeable advantage over Dash (DASH) and Tron (TRX).
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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Radix and Casper Network Consolidating, While Price Pump Is Expected From Sparklo
When cryptocurrency investors intend to invest, they have to focus on tokens that will perform well since such projects usually guarantee better returns on investment. Radix (XRD) and Casper Network (CSPR) previously showed promise and provided gains, but as they are currently consolidating, investors would have to look for alternatives that can boost their portfolios.
On the other hand, analysts are hopeful of Sparklo as they expect a price pump in the coming months.
Radix (XRD) Will Not Recover In The Coming Months
Radix (XRD) was released on September 17th, 2021, with a price tag of $0.1685 and later dropped to $0.1013 on October 21st, 2021. It increased to its all-time high of $0.6538 by November of the same year. During its peak, Radix (XRD) quickly dropped to an intraday low of $0.3852 by November 19th before it later rebounded to $0.5517, which was an intraday high about two days later.
Eventually, this altcoin kept falling until it hit a daily low of $0.221 by December 13th. Though Radix (XRD) had an uptrend to a high of $0.3326 on December 16th and $0.3221 on December 24th, Radix (XRD) continued to slip down to $0.1496 by January and later $0.9347 by February 24th, 2022.
Currently trading at $0.0504, Radix (XRD) witnessed a 3.43% price decrease in the past day. Looking at the 90-day chart, we can see that Radix’s (XRD) price has lost 22.35% of its total value, showing no hope of recovery in the short term.
Casper Network (CSPR): Analyst Predict Bearish Momentum After Consolidation
After Casper Network (CSPR) launched its main net on March 21st, 2021, the token’s price rose to $1.37%, an all-time high. However, Casper Network (CSPR) couldn’t hold on to its value for long, as by the next day, the price had started dipping.
Casper Network (CSPR) followed a bearish trend alongside the entire crypto market till about July, when it fell to its all-time low of $0.05 on July 15th. Casper Network (CSPR) began to show recovery by August and bounced between $0.17 and $0.08 till October’s end. But the crypto market uptrend wasn’t too affected, as it moved from just $0.1 to $1.2.
By November, Casper Network (CSPR) took a turn and started rising till 2022. However, Casper Network (CSPR) was severely hit by the crypto winter of 2022 and presently trades at $0.032. As a result, analysts think the token will grow slowly.
Sparklo (SPRK) Price Is Set To Pump In 2023
Analysts consider Sparklo the altcoin with the highest potential to rank as the best coin in 2023. This is because of Sparklo’s exclusive utility and use case. Sparklo will be the first alternative investment to let investors trade in fractionalized and minted Nfts backed by real-world gold, silver, and platinum assets.
Sparklo is currently in its first stage of the presale for a price of $0.013, and analysts believe that it has the potential to be a future blue-chip cryptocurrency. Additionally, they also predict a price pump. Also, to ensure that Sparklo is safe, its developers passed an audit from Interfi Network. They also confirmed that the liquidity would be locked for 100 years while the teams will lock their token for 1,000 days.
Analysts predict that Sparklo would be an excellent alternative investment that will rise in 2022.
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Rasta Beach Club – The Free Mint NFT collection expected to light up the Ethereum Blockchain
Rasta Beach Club is a generative NFT Art collection. The bright & vibrant collection combines over 140 individual traits, each assembling in variety to form 10,000 unique Rasta characters. The collection is a community-centric project focused on good art & good vibes.
The Rasta Beach Club has become increasingly popular amongst investors in the industry given it’s strong foundations, clear vision and also due to the fact it is a free mint!
The Market
The NFT Market has been the topic of much speculation over recent weeks. Following the collapse of the FTX exchange, investor uncertainly has loomed larged over the future of NFT’s & Cryptocurrency.
However, this uncertainty and apprehension has been somewhat short lived following several very successful NFT launches in just the last week. Rasta Beach Club hope to be the next of these case studies providing further reassurance that the NFT space has a bright future ahead.
Metaverse & the future
Aside from the existing features of the project, the team have also announced their plans to build multiple immersive Metaverse experiences that will be exclusive to Rasta Beach Club NFT holders.
The Mint
The Rasta Beach Club NFT’s are available to mint now – Free!
For full details, head to the website below where you will find instructions of how you can get involved.
Website – artek.al/rbc
Twitter – https://twitter.com/rastabeachclub
Contact – Mitch Lees
Email – [email protected]
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Snowfall Protocol (SNW) Takes Expected Lead While GMX (GMX) And Toncoin (TON) Trail Behind!
Despite GMX (GMX) and Toncoin (TON) being among the biggest survivors of the global crypto crash, no amount of profit is enough profit. As a GMX (GMX) and Toncoin (TON) investor who is looking to diversify their crypto portfolio, Snowfall Protocol (SNW) is an easy choice.
If you haven’t yet joined the Snowfall Protocol (SNW) movement, then you mustn’t have heard what experts say about the presale sensation.
According to crypto experts, Snowfall Protocol (SNW) has all it takes to easily beat GMX (GMX) and Toncoin (TON) to become the most profitable crypto investment for 2022. You have 2 days before the end of its presale second phase to decide if you will be left behind.
GMX (GMX): Investors Want More Than “Good Enough.”
GMX (GMX) is the native token of the decentralized exchange – GMX. With GMX, users enjoy low fees and zero-slippage privileges as they trade. GMX (GMX) has earned respect by riding on the waves of the crypto storm that swept other currencies ashore. GMX (GMX) has been more greenish than reddish this year, clinching an impressive 20.7% upward run. However, GMX (GMX) hasn’t done very well in November. This is usually when investors begin to wonder if they are okay with “Good enough,” especially when a great deal like Snowfall Protocol (SNW) is in sight.
Toncoin (TON) is Just Managing to Stay Above the Water.
Toncoin (TON) must be feeling privileged being the native token of Toncoin (TON), a layer 1 blockchain platform that was founded by Telegram. Toncoin (TON) is an acronym for The Open Network, which is decentralized and operates a proof-of-stake consensus mechanism.
Toncoin (TON) has taken a hit this year, falling by 43.4%. Yet, Toncoin (TON) remains one of the best-performing cryptos of the year. Even with experts optimistic about Toncoin (TON)’s end to 2022, the crypto isn’t near projections for Snowfall Protocol (SNW).
Snowfall Protocol (SNW) Isn’t Sharing The Limelight
If you desire a boost in profit margins for 2022, investing in the Snowfall Protocol (SNW) looks like your best bet. Snowfall Protocol (SNW) is on the verge of a 2500% rise soon, far ahead of the most optimistic GMX (GMX) and Toncoin (TON) forecasts. Experts are also predicting that it will 1000x in a short while.
Investors aren’t jumping on the Snowfall Protocol (SNW) bandwagon for nothing. Snowfall Protocol (SNW) ticks all the boxes of a cryptocurrency on its way to the top.
From being a decentralized cross-chain exchange for fungible and no fungible tokens to implementing stability through deterrent withdrawal fee taxes, there is much for investors to be excited about. Many GMX (GMX) and Toncoin (TON) investors are taking advantage of this opportunity for $0.060. You don’t want to be left out.
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BTSE Token (BTSE) and Polygon (MATIC) Expected to Decline; Flasko (FLSK) Predicted to Surge in 2023
The cryptocurrency world continuously brings out new and unique tokens which enter the crypto market. Naturally, these new tokens have fan bases and interest, and investors are always looking to access every project to identify those that will provide more returns.
BTSE Token (BTSE) and Polygon (MATCI) are two cryptocurrencies that have performed exceptionally well in the previous years but are expected to decline. But, with the introduction of Flasko, an alternative investment, analysts predict it to surge in 2023 as it presents a creative NFT investment.
BTSE Token (BTSE) Price On A Freefall Even With Market Recovery
BTSE is a cryptocurrency exchange platform created in 2018. It presents an innovative trading method, a hybrid classic cryptocurrency exchange offering futures and spot markets, and a viable fiat-to-crypto currency conversion platform. BTSE aims to implement Bitcoin as the standard in the financial world.
After its initial success in the preceding years, BTSE Token (BTSE) has experienced a stormy 2022 as the price has been on a freefall with the general bearish trend. BTSE Token (BTSE) trades at $3.46 after a 1.06% price decrease on the last day. Over the past three months, BTSE Token (BTSE) has lost 27.95% of its total value, further bringing down its value.
With no rally in sight, investors in this token would need to diversify their portfolio by searching for alternative investments like Flasko.
Polygon (MATIC) Price To Expected To Decline After A Rally
Polygon (MATIC) aims to help blockchain developers increase their performance. It does this by assisting developers in utilizing the Ethereum apps they develop properly. 2022 hasn’t been smooth for Polygon (MATIC), even with Polygon’s (MATIC) recent merger due to the market’s bearish nature. It has, however, been showing an uptrend in recent months.
Currently, Polygon (MATIC) token trades at $0.94 after a one-day rally of 8.25%. Polygon (MATIC) ranks #11 with a total circulating supply of 8.73 billion tokens. Its market capitalization is currently at $8.23 billion. Though Polygon (MATIC) has been performing well in the charts, investors are mindful of a stall in price, which might result in a decline.
Flasko (FLSK) Price Surge Expected As Second Stage Presale Heats Up
Flasko has been making a wave in the cryptocurrency world for some months. This is because Flasko presents a unique use case for investment. Flasko will be the first alternative investment to let investors trade in fractionalized NFTs backed by rare wines, luxury champagnes, and vintage whiskeys.
Flsako will also partner with luxury wine startups to ensure the products enter the market and that investors can get early access and discounts on products purchased. Additionally, a complete purchase of an NFT guarantees free delivery to any destination.
Analysts predict Flasko is an excellent investment with its current price of only $0.077, which they expect to increase in the coming months. They are also confident that Flakso will be a future blue-chip investment given that it has already passed its audit from Solid Proof and its liquidity will be locked for 33 years.
Investing early into a project with potential provides the best means to gain massive profits. If you want to learn more about the Flasko project, click on the links below.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
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Altcoins To Pump Hard in November! While Bitcoin (BTC) Price Expected to Trade Sideways
The crypto market is waiting for an altcoin season bull run, just like leading digital assets, including Bitcoin, Ethereum etc. This year has brought the worst for altcoins, as the most dominant ones are trading at the bottom of the price chart.
However, a slight upward bounce back is possible if the crypto market flows with positive sentiments. According to an analysis, altcoins may pump hard in November and touch extreme highs in the price chart.
Altcoin Gang To Dominate Moonvember!
October has been the most excellent month for the entire crypto space as it pushed the crypto market from the mud of its prolonged bearish trend.
Leading assets of the market have shown a promising upward jump while altcoins remained in a consolidated zone and waiting for an initial pump.
A prominent crypto analyst, Mac, predicts that altcoins may start their domination in November as the upward rally is now being led by Dogecoin, while Bitcoin may trade in a sideways range.
TORN Price Analysis:
TORN is currently trading at $6.13 with an uptrend of 0.7%. TORN may witness a short-term pump in November, as indicated by the analyst. According to Mac, TORN already made an upward move to $9 due to liquidity, and this price level is not occurring again anytime soon in the short term as TORN may register new lows. However, it may provide excellent buying opportunities if a pump happens in the price chart.
Our technical analysis reveals that TORN may witness a short-term pump soon as the RSI-14 trades in a bullish zone at 48-level. To register an initial bullish rally, TORN needs to break its EMA-50-line, trending at $7.23. Conversely, the bullish analysis may fail if TORN drops below the Bollinger band’s lower limit at $4.77.
ChainLink Price Analysis:
ChainLink has already been making a significant gain in the last 24 hours as it registers an uptrend of 6% with a current value of $8.03. Mac mentioned that ChainLink was trading in a range-bound area near the weekly 7 SMMA line. LINK price may spike if it crosses its daily 200-day MA line, which is at $9.1.
Looking at the daily price chart, ChainLink rose over 22% in the last three days and continues to trade higher. The RSI-14 trades at 63-level, hinting at an immediate bullish momentum which may continue further. However, it may face a rejection above $9 and make a minor downward retracement near its fundamental support level at $7.3.
Algorand Price Analysis:
Mac analyzed that Algorand may also continue the same price movement as ChainLink as it made multiple lows with a long-consolidated range near the weekly 7 SMMA line. To initiate a short-term pump in the price chart, ALGO needs to break its daily 200-day MA line at $0.45.
Algorand trades at $0.35 with an uptrend of 1.45% in the last 24 hours. Our technical analysis states that a bullish momentum may soon occur if Algorand breaks its initial resistance level at $0.41 and maintains its price above it. However, a downfall may initiate if ALGO drops below its support level at $0.28.
RUNE Price Analysis:
Mac noted that RUNE might reach the weekly 7 SMMA line level, which the majority of altcoins may attain soon. According to him, the wider the gap between the current price level and the weekly 7 SMMA line, the better and more stable the pump in the price chart. He further said that RUNE needs to continue its consolidated range without hitting its lows, resulting in a better upward move further.
RUNE is trading at $1.56, with a rise of 0.66% from yesterday’s price. Looking at the daily price chart, RUNE needs to break its price level at $2.9 to initiate a smooth bull run. The RSI indicator is also supporting the current price movement of RUNE as it trades at 52-level. However, a price drop is expected if RUNE changes its mood and heads towards its support level at $1.2.
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Will Ethereum (ETH) Price Drop Below $1000 By The End Of 2022? Here Are The Expected Price Levels
The bloodbath of Ethereum seems not to stop even after the much-anticipated merge that took place on 15 October.
The transition from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS) mechanism did not bring a significant change in Ethereum’s price as it is continuously facing rejection at its immediate resistance level of $1,350 in the price chart.
According to our analysis, Ethereum may bring more bearish woes to investors as it forms a ‘Falling Wedge’ pattern.
Ethereum To Trade Below $1,000 Soon!
Bitcoin’s closest rival, which secures the second position in terms of market capitalization, may extend its bearish trend as it forms a ‘Falling Wedge’ pattern in the price chart. In such a pattern, a trend line is drawn connecting all the upper and lower limits of a cryptocurrency. The final meeting point of them indicates further price momentum of that particular crypto.
Looking at the daily price chart of Ethereum, the Wedge pattern meets at the downside, indicating a further bearish trend for ETH. To be more specific, the falling wedge pattern indicates a bullish or bearish reversal in the price.
Crypto analysts state that Ethereum’s current bearish trend is at a slow pace, hinting at a bearish reversal if ETH fails to make a breakout above $1,364 which can plunge ETH hard to the bottom line and trade below $990. However, a bull run is expected if it holds its price above $1,400.
Where Is ETH Price Heading Next?
According to CoinMarketCap, Ethereum is trading at $1,313 with an uptrend of 1.3%. The daily price chart of Ethereum does not look promising, as it hints at selling pressure. EMA-50 trades at $1,384, where the Bollinger band’s upper limit is placed. ETH may end up on a positive note if it holds its price between EMA-50 and EMA-100.
However, the positive momentum is not happening soon as ETH is building a bearish storm as the RSI-14 trades below the level of 50. However, we can expect Ethereum to make a slight retracement upward and touch $1,400 before initiating a bearish trend as the MACD line moves on the positive side.
The Bollinger Band’s lower limit is at $1,195, which is a crucial support level in the Ethereum price chart. If the support level breaks, Ethereum is expected to witness a sharp fall and take a support level at $998.
However, Ethereum may still have a chance to bring a ray of hope due to its Shanghai upgrade in 2023. Ethereum may soon invalidate its bearish analysis and initiate a bull run depending on the crypto market’s favorability and future developments.
If everything goes well, we can expect Ethereum to touch the $2,000 mark by the beginning of Q1 of 2023 and may soon break its previous all-time high of $4,878, which was achieved in November 2021.
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Meme Coins Expected to Suffer During Q1 2023, While Budblockz and Hedera’s Utility Tokens Are Expected to Gain Mass Traction
Meme coins are not often a good investment due to their volatility and are prone to dying off due to a lack of utility. Also, these coins are primarily made for fun and have no new functionality to aid their growth.
Of course, some of these meme coins can be profitable if significant hype surrounds them. However, the value spike is unlikely to continue in the long term.
Moreover, due to the current state of the crypto market, these assets are likely to slump soon. Therefore, I have found such meme coins you can reduce your exposure in 2022 before they start to decline further.
Meme Coins Expected to Suffer During Q1 2023
ApeCoin (APE)
ApeCoin (APE-USD) was developed by a group associated with the Bored Ape Yacht Club (BAYC), which is a non-fungible token (NFT) collection.
Despite being called a utility token by its developers, the token has almost zero utility outside of the BAYC ecosystem and some small NFT projects. In addition, ApeCoin is also an ERC20 token, another obstacle to its long-term utility.
It is unlikely for ApeCoin to have a significant rebound soon due to the decline of the NFT market. The token has been in a devastating freefall in the past week, down 42%.
SafeMoon V2 (SFM)
The first SafeMoon project was discontinued, and its developers created a newer project named SafeMoon V2 (SFM-USD). The original project’s investors were given hours of warning before its developers taxed all the non-migration transactions at 100%.
SafeMoon’s price performance has also been disappointing. Its current price is almost 95% down from its all-time high. In addition, SafeMoon’s current reputation among investors makes it impossible for the project to have a significant rebound. In short, the SafeMoon project is neither safe nor going to the moon.
Dogelon Mars (ELON)
Dogelon Mars (ELON-USD) is an ERC-20 meme token. The project has almost zero utility or long-term prospects. Without a practical roadmap to increase token usage, ELON will likely see the same fate as Shiba Inu in the future.
Elon Musk’s impact on meme coins is no longer significant. A year ago, his support for Dogecoin considerably impacted cryptocurrency. However, despite his continuing support of the project, it has failed to increase the value of DOGE in the long term. Therefore, expect assets such as Dogelon Mars to have a similar fate.
Floki Inu (FLOKI)
Floki Inu (FLOKI-USD) is another ERC20 meme coin seeking to capitalize on Elon Musk’s promotion of Dogecoin. Floki is the name of Musk’s dog.
Although the token has started to focus on NFTs, its utility is almost nonexistent, with little productivity and revenue from its partnerships. However, refocusing on NFTs is unlikely to shift the Floki Inu away from its failed purpose.
Floki Inu is 98% down from its all-time high and is still in a long-term decline. Also, the token has lost 49% of its value in the past week alone; therefore, the short-term prospect for Floki seems alarming.
Budblockz and Hedera’s Utility Tokens Expected to Revolutionize the Crypto Industry
BudBlockz
BudBlockz is an excellent crypto project with the mission of applying blockchain technology to the rapidly blooming cannabis industry. BudBlockz aims to build the world’s first digital, fully decentralized cannabis investment and e-commerce platform.
Many crypto analysts have predicted that BudBlockz is the perfect crypto to invest in 2023. It is still new and undervalued. BudBlockz opened its doors for investors with its presale phase on September 12th after a successful private sale.
During the sold-out private sale, many investors traded their Bitcoin and Ethereum tokens to purchase BLUNT. You can still be part of the BLUNT presale on the official website.
Hedera (HBAR)
Hedera is a cryptocurrency platform that runs on a hashgraph blockchain. The Hedera (HBAR) Hashgraph is a blockchain project that supports smart contracts and decentralized applications (DApps).
The HBAR price has shown some clear patterns. After dropping to a local low, a price hike follows. However, the ongoing bear market in the crypto space slowed down the HBAR price recovery. The price could reach a maximum of $0.44 in 2022.
With new developments and partnerships working, the HBAR coin price prediction for 2023 is optimistic. HBAR will likely be sold at nearly $0.5 by the end of 2023.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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ApeCoin (APE), Solana (SOL), and Flasko (FLSK) Expected To Surge in 2023
The year 2022 is about to end, and the bearish general market trend continues and shows no signs of improvement, with many cryptocurrencies struggling to remain afloat. With this, investors and whales are looking for alternative investments like Flasko, ApeCoin (APE), and Solana (SOL) to help them generate good profits.
Since Flasko is backed by real-world utility and shows special use cases, expert analysts expect it to surge in 2023. In the meantime, investors are considering switching to Flasko presale, which is available for a price of $0.05.
ApeCoin (APE): shows confidence among investors
On the 7th of March 2002, ApeCoin (APE) airdrop began with an initial offering price of around $10. This sent the members of the Bored Ape Yacht Club into a frenzy and caused the coin to increase to its all-time high (ATH) of $37.40 in the coming months. ApeCoin (APE) has since dropped by 36.26% in the last 60 days and 21.72% during the previous 30 days and now trades at $4.29.
According to some experts, ApeCoin (APE) could soar to $10 in the coming months, but this might not be probable with the reduction of interest in NFT. Although ApeCoin (APE) has been steadily generating profit for investors at $4, analysts don’t see much of a potential increase in the short term and are therefore opting for alternative investments.
Solana (SOL): investors face doubt in the short term
Investing early in any cryptocurrency project usually produces the most significant returns and not when it has grown. Solana (SOL) showed impressive returns during its initial stages, but Solana (SOL) might not offer such returns again in the short term.
At the time of writing this, Solana (SOL) trades at $28.34, a massive drop from its all-time high of $260.06. Even as a top 9 cryptocurrency, Solana (SOL) was not left out of the bearish market, as it hugely impacted it. Data from Binance shows that Solana (SOL) saw a 20.21% drop in the last 30 days, a 38.78% drop in the previous 60 days, and a 25.53% drop in the last 90 days.
With this, there might not be much hope for a surge during the days left for this year, but investors might be open for investment opportunities in the coming year, 2023.
Flasko (FLSK): the alternative investment set to grow in 2023 exponentially
Flasko is a project that has stunned many analysts and investors with its innovative and unique roadmap. Flasko will provide investors and others the opportunity to invest in rare, vintage, and luxury wine, champagnes, and whiskeys, which are products that usually appreciate as time passes.
Flasko will keep every luxury wine in a licensed and secured warehouse, and users who buy the minted and fractionalized NFTs will have them delivered to their houses for free. As a result, investors and analysts predict that Flasko will top the charts for alternative investments in the cryptocurrency world during the coming year.
Flasko presale is currently ongoing at a price of only $0.05, and investing now would lead to high returns. With a completed Solid Proof audit and liquidity, which Flasko will lock for 33 years, analysts predict Flasko will be an excellent investment opportunity and surge in 2023.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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.
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The Hideaways (HDWY) Expected To Mirror Solana (SOL) And Dogecoin (DOGE) Gains In 2023
The cryptocurrency industry has historically gone through boom and bust cycles, with the most recent crypto winter extending from 2018 to late 2020.
Crypto analysts predict that another crypto winter is looming over the market as top coins like Bitcoin are affected by inflation. Other crypto coins like Solana (SOL) and Dogecoin (DOGE) are unlikely to escape the freezing trail of the next crypto winter.
In volatile times like this, experts advise crypto holders to start investing in other projects with real-world utilities, such as The Hideaways (HDWY).
Is Solana Still A Worthy Investment In 2023?
SOL is down -0.70% today and 7.05% over the past week, trading at $33.06. SOL gained momentum after hitting a weekly low yesterday at $33.03 and is now higher by .03%.
The SOL price has declined since the beginning of the bear market and the hack that occurred at the beginning of this year.
Although Solana is trading slightly above the 100-day moving average, the bears still own most of today’s trading volume. Experts suggest that SOL may not be the best investment in 2023.
Dogecoin Plunges Further
DOGE is currently down -1.14% in the last 24 hours and is currently trading at $0.06152. The coin plunges further, down -7.90% from its 7-day ATH of $0.06679 and 4.41% from its 7-day ATL of $0.05892.
The meme currency is getting close to the 200MA on the 4-hour timescale, which is a crucial support for the coin and, if it holds, will signal the continuation of the bullish trend.
On the daily timeframe, the 100MA acted as resistance to force the retest; analysts predict the bears will win over the bulls. DOGE may not make its way to the top cryptocurrency projects in 2023 because it appears to be a project in decline.
The Hideaways May Increase By Over 150x Like Solana and Doge Did
The Hideaways (HDWY) is an initial coin offering (ICO) that allows investors to increase their wealth exponentially.
Investors can generate profit ($ETH, $USDC, $USDT) from events held at their property, like weddings, and rental income from short-term holiday lets, and guarantees a minimum yield of 20% from rental income.
The price of the HDWY presale is expected to rise by over 500% in the next 2 months. Holders of HDWY can use the platform to create a global real estate portfolio without being constrained by conventional real estate investing restrictions.
Start investing in HDWY for as low as $100 without concern for home deposits or other legal, financial, or administrative costs.
The Hideaways (HDWY) smart contract is already audited by SolidProof – a top smart contract security audit firm.
They are locking liquidity forever, which is super bullish in this bearish environment, and they are locking team tokens for 2 years – ensuring the team is locked into the success of $HDHWY.
Invest In The Hideaways Now:
Website: https://www.thehideaways.io/
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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.
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Investors Dissociate From Bitcoin! What Can Be Expected from the BTC Price in the Coming Week?
The Bitcoin price continues its struggle at around $19,000, displaying a monotonous trend for more than a month. While pre-determined upswings did raise the price beyond $20,200, it failed to surpass the pivotal resistance at $20,800. Therefore, the repetitive failed attempts now may have driven the market participants away, and hence it may not be a good sign for the BTC price ahead.
The market sentiments for any asset determine the upcoming move, regardless of the current price trend. While the BTC price is hovering around the same levels without any strong attempt to change the trend, investors tend to look out for other options. Hence, as per the data from Santiment, the market sentiment towards Bitcoin remains negative.
Social data shows a weighed sentiment score of -0.33, while the BTC social media mentions tanked below 20%. This indicates that interest in the asset has dropped at the moment. Moreover, the percentage of addresses holding more than 1000 BTC has remained steady at around 2117 addresses over the past 3 days, following a sharp decline of 26% since the beginning of September.
Additionally, the Bitcoin miner’s reserves have also plateaued at 1.86 million BTC, which has been held for nearly a month now. This inactivity among the miners is mainly due to the huge price sell-off in August.
Collectively, Bitcoin broke all bull market models at the top earlier and is also on track to break all bear market models at the bottom. However, if the traditional markets get worse with rising inflation or an intensifying recession, BTC charts may even worsen. Until then, a consolidated narrow trend may prevail for Bitcoin.
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Uniglo.io (GLO) ICO Is Selling Faster And Faster, Bullish ROI To The Likes Of Synthetix (SNX) And PancakeSwap (CAKE) Expected
Investors not utilizing on-chain data are operating in information asymmetry and losing a competitive advantage needed to succeed in crypto markets. Watching the flow of funds allows an investor to see where capital is being allocated and, therefore, where the gains will be made.
Uniglo’s ICO (Initial Coin Offering) devours capital from multiple chains as investors flood the presale. The project has already built an incredible amount of momentum, and its bullish ROI (Return On Investment) is expected to outperform Synthetix (SNX) and PancakeSwap (CAKE). This is no easy feat, and Uniglo is a project investors would be foolish to miss.
Uniglo (GLO)
Uniglo has benefitted massively from the bearish market sentiment. By providing a stable store of value that grows with time, the project has attracted highly capitalized players from across the digital asset realm.
Why is Uniglo Selling so Fast?
The Ultra Burn Mechanic. Outlined in the Uniglo whitepaper is a revolutionary deflationary mechanism. With 2% of every transaction sent to the Uni Abyss, a burn wallet with an unknown private key, Uniglo’s total supply will rapidly decrease when it launches on the open market. When GLO becomes scarce, basic economic principles dictate its price will rise. And investors taking part in the presale are loading up on GLO whilst it has a large total supply that will appreciate as the token becomes rarer. This ICO is an excellent opportunity and offers scarcity in an era defined by inflation.
Synthetix (SNX)
Synthetix has seen an influx of users after bringing options trading to DeFi. SNX is the platform’s native token and is used to mint synths that track real-world assets such as gold and silver.
Synthetix has delivered the best of the TradFi trading markets to DeFi and allows traders to speculate on the prices of digital assets without purchasing the underlying asset. Opening DeFi to broader market trading has naturally led Synthetix to climb in popularity and SNX to rally in value.
PancakeSwap (CAKE)
CAKE is a token every DeFi enthusiast knows about or owns. It provides some of the best yield-generating opportunities within DeFi and is the liquidity incentive token for the Binance Smart Chain’s premier decentralized exchange.
PancakeSwap remains the most visited DeFi exchange and is central to the decentralized ecosystem. Investors earning CAKE now can lock it for up to a year for increased yields, and those who lock CAKE gain a yield boost on the classic CAKE-BUSD pairing. It is yield farmer’s dream token.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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.
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Dogecoin (DOGE) Price is Expected to go 5x in the Coming Days!
Dogecoin price after it surged to reach the interim highs above $0.9, fell apart heavily by more than 38%. The dogecoin is currently trading at $0.058926. Over the last two days, it has had a significant downturn while in the last 24 hours, it dropped slightly by 0.39%.
The chart demonstrates a multi-layer trend that indicates dogecoin has been suppressed or has maintained below this trend line for more than a year. A slight price increase is anticipated if the price moves over this line. This downtrend has a midpoint of $0.39 and a bottom point of $0.04914.
An upswing of roughly 600% or 550% is anticipated in the event of a mean reversion play, however, it might take some time. A final downtrend will anticipate the dogecoin rally and bull run. This bull run or uptrend is not expected to start in late December or early January.
Below the swing lows, a small amount of liquidity can be observed resting. Since the price of bitcoin is anticipated to drop under $12,000, the upswing at $0.18157 for Dogecoin is not anticipated. In this case, it could be reasonable to expect a bottom around $0.05248, a stop loss at $0.04312, and equal highs at $0.08897.
A 53% of the observed uptick is anticipated to take place gradually. The price skyrocketed from $0.04057 to $0.04703 in about two months. Dogecoin(DOGE) price is currently pretty close to its bottom, and in the coming days, it’s anticipated that an up-only type of trading will evolve.
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After The Successful Merger, What Can be Expected from Ethereum (ETH) in September? – Coinpedia – Fintech & Cryptocurreny News Media
After numerous delays, the Ethereum integration finally happened in the early hours of September 15. When Ethereum’s main net reached “terminal total difficulty,” a predefined threshold at which mining ETH became almost impossible, the network automatically switched to the proof-of-stake consensus method, causing the event to occur.
The upgrade is said to increase the network’s security and scalability, which supports a $60 billion ecosystem of crypto exchanges, loan businesses, non-fungible token (NFT) marketplaces, and other apps. It eliminates the network’s dependency on the resource-intensive cryptocurrency mining process, and it is anticipated to have an impact on the more significant blockchain sector.
The transition from POW to POS will result in an 80% decrease in the number of ethers issued per block. There is potential gain for Ethereum investors, according to experts. While some predict that the price of Ethereum will surge to $10,000, others are still pessimistic.
Effects of mergers on Ethereum price
After the successful Ethereum integration event, there was a significant price swing. The price of Ethereum fell below $1500 as the ramifications of the merger started to be seen. With another Fed rate increase announcement scheduled for next week, the price of Ethereum is anticipated to fluctuate over the next few days.
The price activity has not changed much since last Tuesday. It was determined that the price action’s demise would result in a $1750 hold, which wasn’t apparent. As a result, the price dropped and the action was seen to record lows around $1400.
The shorts would want the price to be restricted to around $1500 while the longs would want the price to break above $1774 which may trigger a swift acceleration towards $2000.
Collectively, new highs are yet to be reached, but they are anticipated to do so in the following weeks. It is expected that September will be a pivotal month for the market.
Although the merger has had a beneficial effect on Ethereum, experts remain dubious about it. Since the integration, the Ethereum(ETH) price has fluctuated and will continue to do so. Investors are advised to exercise caution when handling their assets with rigorous observation & research.
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FTX Emerge As The Highest Bidder For Voyager Digital! Will The Deal Be Closed Or Higher Offers Expected? – Coinpedia – Fintech & Cryptocurreny News Media
The crypto lender, Voyager Digital announced in July 2022 that it was temporarily suspending its operations, and immediately on July 6 the firm revealed that it will file for Chapter 11 bankruptcy. As per the filing, the company had assets that are worth between $1 billion and $10 billion along with more than 100,000 creditors. The company owed $75 million to FTX CEO Sam Bankman-Fried’s Almeda Research.
Recently, Voyager Digital was part of the auction held at Voyager’s investment banker Moelis & Company, New York. Voyager’s decision to hold an auction suggests that more than one significant offer was made for its assets.
Consumers’ first step in getting their money back from the brokerage’s forum would be to finalize the best buyer. In July, FTX CEO, Sam Bankman-Fried and Binance had made an offer to take over Voyager’s assets, but the company rejected the proposal claiming it was a low-ball bid.
FTX Bids Higher
Among many other firms who have come forward to buy Voyager’s assets, FTX, a popular crypto exchange, is leading the auction. During the final phase, the battle was between FTX exchange and Wave Financial, a digital asset investment firm. Though it’s unclear how much FTX might pay, among all the bidders FTX was the higher.
Wave’s participation wasn’t revealed earlier and it has also been reported that FTX is also planning to raise capital with a possible acquisition. If the Voyager deal is finalized it will put an end to the insolvency story seen in this horrifying year of 2022.
It’s important to know that this purchase deal will not end Voyager’s Chapter 11 case, but it will provide freedom to sell assets so that the companies that are about to get insolvent can raise money to pay to their creditors.
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Bitcoin (BTC) DownTrend To Continue! Reversal Expected Only If This Happens – Coinpedia – Fintech & Cryptocurreny News Media
As Bitcoin fails to rise above $19,000 and halt the further decline, the price is making low-timeframe attempts to recover. Over the past 24 hours, there has been constant selling pressure, which has pushed market sentiment back into the fear zone.
Last night, fear over the stock market’s potential decline drove Bitcoin on a downward path. However, there is still an opportunity for some positive news because the S&P 500, the most significant index of the American stock market, is still over $3,900, despite the fact that it is currently at $3,883. The largest company stock index in the world is currently at a turning point.
Fundamental Causes are the Trigger Point
Under the circumstances of an urgent deployment of the Fed’s “money printer,” the growth scenario is feasible. But once more, the successful completion of significant macro events will be required, whether it be the start of a military war between the United States and China in the Pacific or the appearance of a margin call of banks and systemically important corporations.
Fundamental causes are more likely to cause further decreases. By increasing its key rate and enforcing strict monetary policy generally, the Fed continues to fight inflation in a tardy manner. Every member in the system suffers when there are fewer dollars available.
As a result, the Fed’s balance sheet’s total assets decreased by $64 billion in August. In conclusion, barring a major event on the world financial market or the money printer turning on, the S&P 500 is set to plunge into the $2,700 range. This will result in a further decline for Bitcoin as well as the cryptocurrency market as a whole. Bitcoin has found support locally for around $18,500.
Given that the price of bitcoin has not changed significantly over the past few days, it now feels like the “calm before the storm.” In the immediate term, there can be interesting levels to watch.
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A huge Bitcoin Move is Expected in the next 48 hours, Is BTC Price Heading Towards the Bottoms?
Bitcoin continues to struggle around $20,000 levels despite the volatility and market pressure remains considerably high. The squeezed trend of the asset may be due to multiple external factors due to which the markets are expected to remain volatile, this September.
However, the BTC price is expected to reach the bottom in October or November this year carrying fewer possibilities of a strong rebound.
The BTC price, after the recent jump had sliced through the huge falling wedge and was preparing to rebound to reach levels above $21,000. However, the fresh employment rates of the US were also assumed to have given the asset a significant push. Woefully, the price dropped midway and now displays the huge probability of a bottom below $19,000 during the weekend.
Currently, the BTC price is hovering within a converging channel, which somewhat looks similar to a symmetrical triangle. The asset is testing the lower support of the channel and trying hard to rebound. However, the bulls are utilizing every resource to flip from the bearish trend but lags in volume and hence offer a good opportunity for the bears to take over.
No doubt, the asset may eventually rebound finely but in the larger time frame, there is very less scope for a Bitcoin bull run in 2022.
No ‘V-Shaped’ Recovery for Bitcoin
Bitcoin in the larger time frame is pretty bearish, regardless of the fact that the asset displays a significant bullish momentum in the short term. The asset in the next 45 days is expected to stabalize a notable descending trend and may also form new bottoms. While the possibility of a firm rebound is extremely less.
A known analyst, Valerio claims the Bitcoin bottoms to be reached in October or November referring to the BTC price movements since the 1st halving. According to the above chart, Bitcoin peaks within 2 years of the previous halving and further plunges hard. However, after reaching the bottom, the asset trades sideways until the next halving.
Considering the previous trends, the BTC bottoms are yet to be reached which may be met in Q4 2022. Specifying the targets, the analysts believe the bottoms may be below $17,500. However, he also sheds light on the recovery which may not be a ‘V-Shaped as the BTC price may trade sideways around the lower levels for a couple of weeks.
Therefore, the Bitcoin bulls are expected to be cautious as multiple bull traps may be laid as the trend may remain heavily bearish for an extended period.
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These Altcoins are Expected to Manifest a Diverse Trend by the Weekend!
The top 2 crypto assets Bitcoin & Ethereum have been reckless for more than a couple of months. The current trend is flashing a notable upswing closely approaching, but the technicals point to a diverse trend ahead. Amidst the swelling market sentiments, some of the altcoins may undergo a significant trend reversal soon.
Solana(SOL)
Solana’s price is cemented along the support levels around $30 for nearly a week now. Hence extreme pressure on either of the sides may further enable the price to break out of the consolidation, regardless of the direction.
The SOL price is closely trading around $30 but the technicals suggest a notable drop may be fast approaching that may land up the price around the mid-20s. After reaching the last point of defense above $20, the price may rebound back above $30. Else a continued bearish trend may drive the price below $20.
Polkadot(DOT)
Polkadot price in the near times has been pretty bearish, moreover, after the May crash, the asset is failing to inculcate a significant bullish momentum. Currently, the DOT price is consolidating within a very narrow range which points toward an interim bounce in the short-term ahead.
After the rejection of close to $10, the asset dropped heavily below $7 for the consecutive time forming a double-bottom pattern. Therefore, the plunge is expected to hit the lower bottom below $5 at around $4.5, and look out for a bounce. Further, a notable upswing above $10 may enable the price to hover in a bullish region or the neckline of the pattern.
This may further enable the price to inculcate a significant bullish momentum to pull a massive leg up above $15 very soon.
Near Protocol(NEAR)
Near Protocol is displaying a slightly more diverse trend than Polkadot. The asset appears to have been preparing for a parabolic recovery to reach beyond $6 initially. Further, the bulls are expected to uplift the price above the crucial resistance at $7.5.
Currently, the NEAR price is trading at the resistance and after a brief consolidation is expected to slice through the resistance and spike high to reach the target close to $5. On the contrary, if the bullish trajectory invalidates, it may again test the lower support to accomplish the double bottom pattern.