The impact of Bard, ChatGPT on Fetch.ai, Bullish signals of Ocean Protocol are not being noticed, Traders have hope for TMS Network
Fetch.ai (FET) was founded by Thomas Hain, Humayun Sheikh, and Toby Simpson. Fetch.ai (FET) was designed to train digital twins, and forms a crucial part of smart oracles and contracts on the platform. Through Fetch.ai (FET), users can deploy their set of digital twins on the network. Staking of Fetch.ai (FET) tokens also enables validation nodes.
Ocean Protocol (OCEAN) helps unlock data that is challenging to access. Ocean Protocol (OCEAN) does so by allowing users to tokenize their database and release it on the Ocean market. This method by Ocean Protocol (OCEAN) allows data publishers to earn additional income, and supports researchers and scientists in accessing data for analysis.
TMS Network (TMSN) has taken the trading world by storm by launching a decentralized trading platform. The new platform by TMS Network (TMSN) has revolutionized the way traders transact. TMS Network (TMSN) platform allows traders to deposit and withdraw funds via crypto instantly.
Has Google Bard killed the AI hype and caused Fetch.ai (FET) to fall?
ChatGPT and other AI narratives have proved beneficial for AI-tokens like Fetch.ai (FET). After the emergence of ChatGPT, Fetch.ai (FET) has rallied almost 1000%. This also prompted Google to launch Bard, ChatGPT’s AI competitor.
After rallying for several months, Fetch.ai (FET) has dropped nearly 17%. This is mostly owing to negative news surrounding AI and Bard. Fetch.ai (FET) has outperformed the market for a long time and experts claim that a new bull market could be beginning. Although Fetch.ai (FET) suffered two drawdowns during the previous bull market, experts believe that it could rise again and this presents a good buying opportunity. Fetch.ai (FET) is priced at $0.3867.Ocean Protocol (OCEAN) shows no signs of slowing. Can it continue this way?
Ocean Protocol (OCEAN) has shown tremendous growth and outperformed almost all cryptos. Ocean Protocol (OCEAN) shows no signs of slowing down and market conditions are staying in its favor. The current Ocean Protocol (OCEAN) price is $0.4253, and the RSI level is around 80.
Experts, however, say traders should exercise caution when investing in Ocean Protocol (OCEAN). This is because the uptrend of Ocean Protocol (OCEAN) depends on the 21-day moving average. If the barrier breaches, there is a potential of market decline in Ocean Protocol’s (OCEAN) value by as much as 50%.
TMS Network (TMSN) is committed to improving transparency and reducing trading fees
The new TMS Network (TMSN) decentralized trading platform allows for a secure trading environment. TMS Network (TMSN) has eliminated the need for intermediaries and traders can trade any of their assets on the platform.
TMS Network (TMSN) new platform has a friendly interface that makes it easy for beginners to access and use it. Another initiative by TMS Network (TMSN) is utilizing trading fees for the development of the platform, and rewarding token holders. All TMS Network (TMSN) token holders will benefit from the commission revenue model as the platform scales. TMS Network (TMSN) token is available at $0.0047.
You can find out more about TMS below:
Whitepaper | Presale | Telegram | Twitter
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Ripple Lawsuit: Top Crypto Attorney Reveals the SEC’s Only Hope for a Win
Crypto attorney John E. Deaton has predicted that the U.S. Securities and Exchange Commission (SEC) will only succeed in establishing that the blockchain payments firm Ripple sold XRP as a security from 2013 to 2017 in the ongoing legal battle between the two parties.
Deaton Says Ripple Will Not Be Ordered to Pay Disgorgement in SEC Case
Deaton is currently representing more than 75,000 XRP holders as a friend of the court in the case. In a series of tweets on Feb. 15, the attorney argued that the SEC is pursuing an “all-or-nothing” approach, which includes targeting past, present, and future XRP sales.
Deaton believes that, as a result of the SEC’s approach, the only victory that the agency could hope to achieve is to establish that Ripple offered XRP as an unregistered security during the period between 2013 and 2017.
According to Deaton, if this is the case, the SEC would likely not secure an injunction or disgorgement but only a fine. However, the attorney also noted that he believes the likelihood of a jury trial is higher than what most people believe.
The lawyer has previously argued that a jury trial is still possible in the Ripple case. He contends that the judge could deny both summary judgment motions, citing the existence of a genuine issue of material facts regarding the existence of a common enterprise. This argument, if accepted by the judge, would prevent a quick judgment in favor of the SEC or Ripple.
The SEC filed a lawsuit against Ripple in December 2020, alleging that the company had sold XRP as an unregistered security, thereby violating federal securities laws. The case has since taken several twists and turns, with Ripple filing a motion to dismiss the case, arguing that the SEC had failed to provide sufficient evidence that XRP is a security.
The outcome of the case is being closely watched by the cryptocurrency industry, as it could set a legal precedent for other cryptocurrencies that are currently in regulatory limbo. Despite the legal challenges, XRP has continued to receive love from investors.
Ripple Vs SEC Update: Latest Hearing Offers Hope, XRP Gains Upper Hand
Eleanor Terrett, a Fox Business correspondent, has stated that if the judge rules that secondary market transactions of LBC by people unaffiliated with or without investment intent in LBRY are legal, it may set a precedent that is favorable to XRP users.
After this update, it appears as if the scales have shifted in favor of Ripple in the Ripple vs XRP lawsuit. There is a new update on this lawsuit and things are not looking good for the SEC.
Does Ripple have an advantage over the SEC?
Attorney John Deaton stated that US SEC lawyers and staff have been discussing the tokens as securities. While Bitcoin (BTC) was previously packaged, marketed, offered, and sold as an investment contract.
This, however, is referred to as Security. It is crucial to remember that just because someone used BTC as a security doesn’t mean that Bitcoin itself has become a security. According to the attorney, the logic remains the same in the XRP lawsuit.
The primary distinction between security and utility tokens is the purpose for which they are issued. If the coins were issued primarily to raise funds for something, they are security tokens. And it makes no difference whether tokens can be used to pay for goods and services on the platform.
Is the Judge likely to Rule in Favor of Ripple?
If the Judge believed that the token itself was a security, the statement would include subsequent sales of the token, according to the attorney. The Judge, however, stated that his decision does not apply to any subsequent sale of LBC tokens.
This turns out to be the most important reason why the Court’s clarification was desperately needed by crypto holders. However, a promoter’s direct sales of a token can still result in a commission. Meanwhile, in an investment contract case, the underlying asset is never the security.
The recent development, according to Amicus Curiae in the XRP lawsuit, gives him confidence that the Judge will deny the SEC’s Summary Judgment motion.
The Final Ruling is Near
For the longest time now, it appears like Ripple has had an upper hand in this lawsuit. The case is now in its concluding stage and its outcome would be very crucial for the entire crypto community. Ripple is working to make sure that, as of a certain date, or at least in the future, none of the XRP sales will be considered securities.
I Hope Ripple Wins The Lawsuit Against SEC: Says Crypto Analyst Miles Deutscher
The post I Hope Ripple Wins The Lawsuit Against SEC: Says Crypto Analyst Miles Deutscher appeared first on Coinpedia Fintech News
The lawsuit between Ripple and the U.S Securities and Exchange Commission (SEC), which is expected to be settled in early 2023, was discussed on Twitter by cryptocurrency experts Miles Deutscher and David Gokhshtein. Deutscher feels it is important to support Ripple in this legal dispute, even if one does not like XRP.
Crypto influencer David Gokhshtein, also recently tweeted and conveyed a similar idea.
He wrote, “You don’t have to be a fan of Ripple or $XRP, but you should be rooting for them to win their case against the SEC. It would bring clarity to the #crypto industry. It would also keep innovation in the U.S.”
Ripple vs SEC Nears the end
There have been no developments in the ongoing SEC v. Ripple lawsuit, therefore XRP is now in the hands of the larger cryptocurrency market. The SEC v. Ripple case will continue to be a key factor in XRP price changes. Investor anxiety has crept in, holding back XRP from a rebound to $0.40 as investors wait for the Court’s decision on the Summary Judgment Reply papers.
Amicus Curiae counsel John Deaton noted in response to the well-known William Hinman speech,
“Judge Netburn specifically held that the way the SEC treated and evaluated BTC and ETH was relevant when considering the objective standard to be applied to the recklessness issue. Clayton and the SEC made a big mistake.”
XRP has had a contentious road on the market, failing to break out at least twice. Yet XRP has not experienced a steep decline. XRP price has been increasing since Nov. 10 despite the market slump.
Is There Hope For Algorand (ALGO) and Fantom (FTM) Investors? Flasko (FLSK) Might Be The Future
Investors choose a particular cryptocurrency to invest in because they believe in the coin’s potential for investment returns. This is why investors usually search for cryptos with a significant return on investment. However, choosing a good coin can sometimes be challenging, and such coins must show innovation.
Established coins like Algorand (ALGO) and Fantom (FTM) have already given their investors several times their initial investment since their launch, but have started to decline in recent times. For this reason, investors are looking for alternative investments like Flasko, which has enormous growth potential for the short and long-term.
Algorand (ALGO): investors searching for alternative investments
Professor Silvio Micali of MIT created Algorand (ALGO) to solve problems faced by most conventional cryptocurrencies. Algorand (ALGO) coin is decentralized, scalable, and safe and uses ALGO coins as its native currency. Algorand (ALGO) differs from other cryptocurrencies because a random token group must approve a block before work can start on the next block.
This resolves forking issues, and since there is no fork, the agreement is quick, and Algorand (ALGO) recipients need not wait for confirmations. Currently, Algorand (ALGO) trades at $0.31 after a 30 day price reduction by 1.34% and a 14.16% drop in price during the last 60 days. With this, Algorand (ALGO) might not be able to provide promising returns, and investors are already looking for alternatives.
Fantom (FTM); will not get to its all-time high anytime soon
Fantom (FTM) has shown investors its capability since it is based on the Proof of stake consensus procedure. Additionally, Fantom (FTM) addresses the problem of delayed and costly blockchain transactions.
With the Fantom (FTM) network, users can easily handle more than 10,000 transactions in a second. However, Fantom (FTM) developers have stated that they intend to ensure that Fantom (FTM) can take more than 300,000 transactions within a second. Since they expect this to be done by mid-2023, investors might not be sure of profitable returns till 2023 and are therefore searching for alternative investments like Flasko.
Currently, Fantom (FTM) trades at $0.19 with a 5.69% price drop within the last 24 hour and a 25.27% dip in the last 90 days as seen on Binance. This continuous downtrend has left investors searching for alternative investments like Flasko.
Flasko (FLSK): the alternative investment set to provide profitable investment returns
Flasko has been gaining momentum in the cryptocurrency world for a while. Flasko will be the first cryptocurrency protocol that is an alternative investment that lets its users invest in vintage champagne, wines, and luxury whiskeys. Flasko is pretty promising since it has passed the audit by Solid Proof, and is willing to lock its liquidity for 33 years.
Also, investing in Flasko means getting a fractionalized and minted NFT backed by real-world assets. Flasko’s presale is ongoing and sold for a price of $0.05, and crypto analysts and experts predict the coin to soar by more than 4,000% in 2023. With Flasko’s unique concept and use case, it may become a top cryptocurrency in 2023. So, you shouldn’t miss this opportunity to invest in Flasko, which might be the next big thing in the cryptocurrency community.
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Long-Term Holders Continue To Buy Bitcoin! Will September Bring Ray Of Hope To BTC Investors?
It is time to start adding bitcoin again to your investment portfolio despite the downtrend. This is the message from long-term holders and investors, as a bulk of Bitcoin holders have been holding BTC for more than a year amid the uncertainties of the bearish crypto market.
In addition, some analytics firms remain bullish on Bitcoin’s future price actions as BTC could be undervalued at the $20K price level.
Bitcoin Is In Accumulation Mode
The Puell Multiple is a tool that measures one-year revenue growth among Bitcoin miners. According to CryptoQuant analysts, the daily issuance of BTC in U.S. dollars by the 365-day average ratio has placed bitcoin in a green zone with a reading of 0.5.
This means that newly minted Bitcoins are currently undervalued, making a perfect buying opportunity to gather more bitcoins for a tremendous return on investment (ROI) in the long run.
CryptoQuant said, “The macro environment is not supporting the bitcoin price as USA economic data is still coming worst than expected. Economic activity is decelerating faster than expected.” According to data, 62% of wallets have held Bitcoin for more than a year.
However, 32% of wallets sold their assets within a year. Last but not least, only 6% of holders have kept their Bitcoin for a month. The CryptoQuant analysts confirmed that a price bottom is probably at a far distance to be formed, citing fundamental concerns.
According to CoinMarketCap, Bitcoin is trading near $19.7K, down by 0.35% from yesterday. However, Bitfinex’s analysts stated, “This persistent accumulation of bitcoin throughout bear markets demonstrates the numerous holders’ strong commitment to and long-term belief in cryptocurrency.”
The analysts said the number of bitcoins stored by investors had touched a record 12.92 million. The number of wallet addresses holding between 1-10 bitcoin is nearly 750K and still rising.
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TerraClassic’s (LUNC) Price Surge Gives Traders Hope
The TerraClassic (LUNC) price has been in the news due to its massive gain. In the last seven days, LUNC has seen a spike of 160% and is now one of the top gainers for the week.
Several viewpoints, indicators, and other ecosystem advancements have an optimistic outlook toward the market, raising the possibility of additional rises in the days ahead.
At the moment, Terra Classic (LUNC) is selling on a negative trend at $0.000226 after a plunge of 19.22% over the last 24hrs.
After a month-long bearish cycle, the recent price rise has provided much-needed relief for market participants
Interestingly, there are several factors influencing the LUNC’s positive price movement. For instance, there is a 1.2% burn protocol that is scheduled to be launched on September 12. Once this event is live, it is expected to push the currency towards new heights.
Additionally, the latest rise in prices was supported by high volume, which helps to verify the rising trend and increases the likelihood that LUNC will continue on this upward trend in the future.
During the price spike, the volume also elevated, reaching a peak of 1.5 billion on September 1st, as per data from Santiment. Consequently, the month has had a positive start.
It’s just not the volume that saw a jump, even LUNC’s development activity and social volumes have seen a spike. Both events are expected to ignite the price rise in the days to come.
Meanwhile, as LUNC was experiencing an increase in its price action, Terra network revealed that they are about to introduce a brand-new Governance Alert Bot that will inform users of the most recent Terran governance-related activity
Thus, all factors look great for LUNC at the moment. The question is: How much higher could it surge from here?