Coinbase Delisting Six Major Altcoins: Here’s The Real Reason!
Coinbase Global, the largest digital asset trading platform in the U.S., has announced that it will suspend the trading of six major cryptocurrencies from its platform. The decision comes after a routine internal review carried out by the exchange for the month of March.
Reasons for Delisting Six Altcoins
In a recent tweet, Coinbase stated that it periodically monitors the assets on the exchange to ensure they meet the company’s listing standards. Following an assessment and subsequent reviews, the exchange has decided to suspend the trade of six altcoins. These cryptocurrencies are Rally (RLY), DFI Money (YFII), Mirror (MIR), OMG Network (OMG), Loom Network (LOOM), and Augur (REP).
Suspension of Trading and Fund Accessibility
Coinbase has informed its customers that trading of these altcoins will be suspended across all levels, including basic and advanced levels, and across all platforms, including Coinbase Pro, Coinbase Exchange, and Coinbase Prime. However, customers will still be able to access their deposited funds and withdraw them whenever they choose to. The suspension will take effect on March 29, 2023.
Price Reaction to Coinbase News
As soon as the news of the delisting was made public, the prices of all six cryptocurrencies experienced a significant decline. Augur, with a market cap of $91 million, saw a sharp fall of 2% within minutes of the announcement and is currently trading at $8.2.
DFI Money and OMG Network also suffered a similar drop of 1% and 1.12%, respectively, in the same time frame. In contrast, the native token of the Loom Network, LOOM, outperformed the other tokens by increasing by 0.25% in the past half-hour.
Coinbase’s decision to delist these six altcoins reflects the exchange’s commitment to maintaining high standards of listing and protecting its customers’ interests. While this may have led to a temporary decline in the prices of these cryptocurrencies, the market is likely to adjust as investors and traders look for alternative platforms to trade them.
However, this decision by Coinbase also raises questions about the future of these cryptocurrencies, their viability in the market, and the role of exchanges in regulating the crypto space. Will other exchanges follow in Coinbase’s footsteps? Will the delisted coins recover in price on other platforms?
Is USDC Going To “Zero” ? Major Shareholders Selling Off USDC Could Mean Total Value Drop to Zero, Says CryptoQuant Founder
The stablecoin market is in turmoil following the depegging of Circle Internet Financial’s USDC stablecoin from its intended $1 price. The event has been called a “harrowing development” for a product designed as a safe haven for investors.
Value Dropping to Zero Means Major Shareholders Are Selling
According to CryptoQuant founder Ki Young-ju, value dropping to zero means major shareholders are selling. While there is currently no on-chain proof of a USDC bank run, the situation has caused significant concern among investors.
No USDC Bank Run Found Yet, but Circle Burns $2.34B
Although no on-chain proof of a USDC bank run has been found, Circle has burned $2.34 billion in USDC in the last 24 hours. While this is a significant amount of money, it is not unusual when looking at the historical data.
According to what I’ve observed, this USDC situation is a completely different case from the UST collapse in May 2022. During the UST collapse, on-chain activities prior to the collapse indicated that LFG sent BTC to exchanges and issued infinite LUNA to restore the UST peg.
SVB Run Causes Stablecoin Price Swings and Soaring Gas Fees
Stablecoin prices have wildly swung and gas fees have soared as investors scramble to move money around in the aftermath of regulators shutting down SVB amid a run on the bank. The bank had ties to crypto, making it the second crypto-linked bank to collapse this week.
Circle Internet Financial confirmed that about $3.3 billion of the reserves backing the world’s second-largest stablecoin were tied up at SVB. Stablecoins derive their value from these reserves, and USDC’s market capitalization has now slumped below $40 billion.
USDT Spikes as Investors Shift Money Away from USDC
USDT, meanwhile, has spiked to $1.06 on Kraken versus the U.S. dollar, a level it almost never hits, as investors appear to shift money away from USDC. Bitcoin rose in response to the events.
As the stablecoin market remains in flux, investors are keeping a close eye on developments to see how they will affect the broader cryptocurrency ecosystem.
SEC’s Crypto Crackdown: Have The Major Crypto Players Been Exposed To “Fallen” Silvergate?
The fall of FTX and Alameda Research in 2022 began a tidal wave that has since severely affected other crypto-related companies, including Digital Capital Group-backed Genesis Trading, which was even recently compelled to file for chapter 11 bankruptcy protection.
As a result, regulators in the United States, who described the FTX implosion as the largest modern corporate failure, have intensified the crackdown on cryptocurrency-related companies.
For instance, the United States Securities and Exchange Commission (SEC) has indicated that all digital assets apart from Bitcoin are unregistered securities.
Additionally, the SEC has indicated that all crypto staking programs, like the one previously offered by Kraken exchange, are offering unregistered securities. As a result, Web3 firms registered in the United States have found it challenging to continue operating competitively with other companies from crypto-friendlier markets.
The notion is well elaborated by the shutdown of Silvergate Capital Corp. (NYSE: SI), whose stock market has plummeted over 96 per cent in the past year. Notably, Silvergate Capital officially announced its intent to shut down and liquidate its assets in an orderly manner on March 08.
Binance, Coinbase, and OKX Reassure Zero Exposure to Silvergate
In light of Silvergate Capital’s closure, top centralised cryptocurrency exchanges with billions in customers’ assets under custody have clarified zero exposure to the defunct crypto bank. Binance CEO Changpeng Zhao (CZ) announced through Twitter that the exchange does not have asset losses connected to the Silvergate Capital closure.
Six days ago, Coinbase Global announced that it is not accepting or initiating payments to or from Silvergate Capital. Following the closure of Silvergate Capital yesterday, Coinbase has announced that there is no client or corporate cash at Silvergate.
According to OKX CEO Hong, the fall of Silvergate is a loss to cryptocurrency adoption as it will take a longer time for a crypto to reach more people.
Polygon Closes Major Deal with Lotte Group, Solana Slowly Regains Its Value as TMS Seeks to Disrupt the Trading Industry
The crypto space is always abuzz with activity. There’s always something new happening, whether it’s a new coin launching, a coin losing value, or a stakeholder closing a major deal among other things.
Recently, Polygon closed a partnership deal with Lotte Group, Solana has been showing some bullish signs while TMS Network (TMSN), has introduced a new way to invest with confidence.
TMS Is Revolutionizing the Trading Industry
The TMS Network (TMSN) is an all-in-one trading platform built on the Ethereum blockchain. The platform seeks to change the way people trade by solving the most pressing issues in the trading market. For example, the TMS network addresses the lack of price uniformity, wash trading, price manipulation, transaction delays, insufficient trading experience, lack of trading education, and high trading fees.
With TMS, cryptocurrency traders can connect to the network and follow successful traders. This way, they can closely follow and learn from the strategies of experienced traders and use this knowledge to build their own trades.
TMS also comes with on-chain analytics, portfolio management, strategy builder, and trading bots to provide traders with the tools they need to execute trades with confidence and make informed decisions when trading.
Polygon Closes Major Deal with Lotte Group
Polygon has recently entered a partnership with the Lotte Group, a South Korean conglomerate that manufactures beverages, liquors, food ingredients, and processed foods.
In July last year, The Lotte Group partnered with blockchain company Blocko to launch Daehong communications. The goal of Daehong communication was to develop NFTS for the Lotto Group and other businesses affiliated with the conglomerate.
The first NFT collection for the Lotte Group is known as BellyGom. It was minted in August 2022, on the Klaytn blockchain, which is the biggest blockchain in South Korea.
With the new partnership with Polygon, The Lotte Group hopes to take their NFT project to international markets by making use of the layer -2 Ethereum scaling ecosystem that the Polygon blockchain offers.
Polygon will help the Lotte group accelerate the global advancement of their NFT projects with both domestic and foreign companies. In other words, Polygon’s partnership with the Lotte Group will escalate Daehong Communications to a competitive web-3 player in the global ecosystems by creating a new NFT business model.
All of Daehiong’s previously minted NFTS will be migrated to the Polygon network.
Polygon’s Partnership with the Lotte Group will add to the value and credibility of the polygon blockchain and may even drive the price of MATIC cryptocurrency up.
Solana is slowly regaining its value
Solana has been regaining its value as shown in its recent price of about $23. Since February 14, Solana has been trading between $21.85 to $ 26.04. This is a great improvement from its December 2022 low of $9.89.
Last year, Solana, like most other cryptocurrencies was hit hard by the greatest bear market that the crypto market has ever seen. The cryptocurrency went from, trading at $204.35 in November 2021, to a low of about $32 in September 2022.
The collapse of the FTX cryptocurrency pushed the value of Solana to an average of $9.89 in December 2022. This decline was mainly because Sam Freud was actively involved in campaigning for Solana. When his exchange collapsed, investors quickly dumped their Solana due to fear that eth cryptocurrency might be affiliated with eth FTX crypto exchange.
Although Polygon and Solana are making great strides to move ahead, it is the TMS project that is proving to be the best bet for investors in 2023. You can learn more about the TMS network in the links below.
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Bitcoin Price to Face Next Major Test at $30,000: Can it Survive the Pressure?
Bitcoin (BTC) began trading today at a price of around $24,000, having lost more than 4% of its value in the previous twenty-four hours. From the beginning of the year, the king currency has been doing fairly well, and there have been a number of positive forecasts made so far.
Bitcoin breaks through $30k
A well-known cryptocurrency trader by the name of Heisenberg tweeted his prediction that the bulls will take this beyond $25,000 to $26,000 shortly and that the next major test will be around $30,000.
Heisenberg’s prediction that Bitcoin will face its next major test at around $30,000 comes after the cryptocurrency had a significant decline in 2022. Many investors are keeping a close eye on the market to see whether it can break through the level of resistance that it is now facing and reach $30,000.
Technical Analysis
The price of the king cryptocurrency fell below an important support level of $24,500 and has started to go down around $23,900. Yet, the formation of a double bottom at this level has turned it into a crucial support level for Bitcoin.
A pattern known as an ascending triangle has developed over a timescale of two hours, and an upward trendline is giving support in the vicinity of $24,000. In the event that Bitcoin prices drop below this level, the next level of support will be somewhere around $23,400. Both the Relative Strength Index (RSI) and the MACD oscillator are now located in the “selling” zone, which is putting more selling pressure on Bitcoin.
A spike in purchasing pressure might lead to a breakthrough over this level, which would expose BTC to the next resistance level at $25,200. Bitcoin’s immediate resistance is located around $24,500, and it is possible that this level will be breached.
The minutes from the Federal Open Market Committee meeting, expected later today, are receiving intense attention from traders and investors. Because of the potential influence of this event on the short- and long-term trends of the cryptocurrency markets, crypto participants tend to focus attentively.
Major SEC Announcement on Feb 10th: What Will It Mean for Kraken or Ripple?
Eleanor Terrett, a crypto reporter for FOX Business, has claimed that the United States Securities and Exchange Commission (SEC) is expected to make a potentially impactful statement on February 10.
The announcement has generated widespread speculation and conjecture among the crypto community on Twitter. Terrett speculates that the statement may relate to the SEC’s ongoing investigation into potential breaches of securities law by the prominent cryptocurrency exchange, Kraken.
Settlement On The Horizon?
Others in the crypto community believe that the SEC’s announcement may pertain to the ongoing dispute between Ripple and the SEC. There has been much speculation about the possibility of a settlement between the two parties. This is further fueled by a Twitter poll conducted by crypto attorney and Ripple Amicus Curae John Deaton, in which a majority of participants predicted that a settlement would occur in the first quarter of this year.
However, a settlement between Ripple and the SEC would have devastating consequences for the cryptocurrency sector. The industry has already suffered numerous setbacks over the past year and can ill afford any additional damage. A settlement would be the ultimate worst-case scenario and could have far-reaching impacts on the crypto landscape.
Ripple’s Stance: XRP Classification Is Key
Previous statements made by Ripple CEO Brad Garlinghouse suggest that the company is open to the possibility of reaching a settlement with the SEC, but only if XRP is not classified as a security. This could involve an agreement not to disclose any documents obtained during the litigation, as suggested by crypto attorney John Deaton.
Deaton’s forecasts for 2023 also indicate that a settlement in the Ripple lawsuit may not be reached until after a ruling has been made by Judge Torres. This suggests that a verdict from the court may be more likely than a settlement, but it is important to wait and see how the situation develops before making any conclusions.
The Real Reason Why Bitcoin & Major Altcoins Are Going Down Today?
Traders waited through the week before making any decisive moves in anticipation of the weekend, and the slight volatility brought on by releases of U.S. macroeconomic data delivered no general trend shift.
Unfortunately, cryptocurrencies, including Bitcoin and Ether, have seen their prices fall down over the weekend. Bitcoin has lost its hold on the $23k mark and Ethereum is barely holding onto the $1,600 market.
Why Crypto Market is Down Today?
Crypto researcher and YouTuber Aaron Arnold said that the current employment market data, which was issued three days ago, was the cause for the drop. According to the findings of the report, the unemployment rate dropped to 3.4% from the previous estimate of 3.6%. That’s the lowest unemployment rate since May of 1969. The number of those actively looking for work increased to 62.4%.
After a lackluster beginning to the earnings season, it is likely that investors will wait until Federal Reserve Chairman Jerome Powell’s speech, which is slated to take place on Tuesday afternoon, before making any significant changes in the market.
If signs of a decline emerge, the $21,000–$20,000 range might serve as a retest target for Bitcoin. A lot of rides are on the result of the Consumer Price Index (CPI) statistics for January, which will be released on February 14th.
In the event that it shows that inflation is decreasing less than predicted or perhaps upsetting that downward trend, the data might be beneficial for the U.S. dollar while taking some of the wind out of the rise in risk assets like cryptocurrencies.
Following a decline of 13% from the middle of 2022, when it was hovering at twenty-year highs, the U.S. Dollar Index (DXY) is presently engaging in the process of stabilizing.
According to Aaron Arnold, the cryptocurrency market cannot formally start a bull cycle as long as interest rates remain at record highs. At press time, Bitcoin is worth exactly $22,766, and Ether is worth $1,620.
A Major Breakthrough for Bitcoin Price: PoW Model Predicts Crucial Moment
The Bitcoin price is currently in its second year of a bear market following the 2021 crypto bull market. It has declined by approximately 66% from its all-time high of $68,789, reached on November 10, 2021. According to Coinmarketcap, which is backed by Binance, the largest cryptocurrency by market cap is trading at $22,859 per coin, down 1.7% for the day.
While the stabilization of Bitcoin’s volatility is in line with expectations for a consolidating year, there is increased fear of another market crash, leading to increased selling pressure from both short-term holders and miners. The unresolved cases of FTX and Alameda have caused distress for hundreds of institutional investors and millions of retail traders.
Bitcoin Under The Microscope: Glassnode’s Analysis
The Bitcoin market has been tracked by on-chain analytics firm Glassnode through the PoW pricing model for years. According to it, Bitcoin is still in the zone recorded in the past two halvings. However, the price retested the lower 1.41 level a year before the halving, thus putting the asset at risk of another capitulation.
“The price per coin is now almost double the estimated cost of production, leaving the 1.41 level behind. Hope, Relief? At the time of the last two halvings, the price was at the upper level. Are we going to break it now or stay in the zone?,” one Twitter user, @paulewaulpaul, noted.
In a recent report, Glassnode highlighted that short squeezes within the derivatives market have significantly impacted the underlying value.
“To date, there have been over $495M in short futures contracts liquidated across three waves, notably with declining scale as the rally played out,” Glassnode noted.
Bitcoin (BTC) Price At A Major Crossroads: Will The Bulls Or Bears Prevail?
The price of Bitcoin rallied to $23,199 on Saturday, following a 33% increase over the past two weeks. While this rally saw Bitcoin reach its highest level since August 2022, on-chain analytics firm CryptoQuant believes the asset is at a major crossroads.
As the market awaits the decision of bulls and bears on the next move, CryptoQuant advises traders to wait patiently for the final outcome.
“We must wait and see whether the bulls will emerge victorious or if the bears will prevail,” said CryptoQuant.
From a technical perspective, Bitcoin broke out of a multi-week bear market due to significant accumulation by whale traders. However, CryptoQuant noted that increased sell pressure from Bitcoin miners could increase the likelihood of bears winning in the short-term.
The price of Bitcoin reached $23,199 on Saturday, following a 33% increase over the past two weeks. While this rally saw Bitcoin reach its highest level since August 2022, on-chain analytics firm CryptoQuant believes the asset is at a major crossroads.
Short-term investors are seeking to take profit at current levels, which could increase the overall Bitcoin sell pressure. Additionally, centralized crypto exchanges, despite the relief rally in the past three weeks, are taking caution by reducing Bitcoin reserves. Furthermore, investigations following the FTX, Genesis Trading, and Alameda collapse could cause negative market sentiments.
One notable event, Bitcoin miner 1Thash sent almost its entire bag of Bitcoins to the Binance crypto exchange in a series of transactions earlier last week. Conventionally, increased sell pressure from Bitcoin miners is quickly followed by a bear market.
As such, CryptoQuant has advised Bitcoin traders to advance with caution as the next move may be violent and lead to high liquidations. According to aggregate data provided by Coinglass, over $31 million has been liquidated in the past 24 hours in the Bitcoin market.
With Bitcoin’s 24-hour trading volume down over 15% to $24,186,856,836 on Monday, a possible price correction is looming in the coming days.
FED Make Major Move: $700 Million Seized from Sam Bankman Fried
The United States Federal authorities have seized $697 million from Sam Bankman Fried, Founder of cryptocurrency exchange FTX. The majority of the assets were being in the form of shares of the popular trading app, Robinhood. SBF had previously announced that he had acquired a 7.6% stake in Robinhood stating that it was an attractive investment opportunity.
These Robinhood shares which are worth $50 million have been claimed by Sam, BlockFi representatives, and the leadership of FTX Debtors. Federal authorities have alleged that these shares were acquired using the funds that were stolen from FTX customers.
Even though the reason for the seizure has not been made public yet, it has raised questions about the legality of such actions and their implication in the cryptocurrency industry. Several experts are concerned that the future of the crypto industry will be packed with stringent regulations.
The United States government stated that over $6 million from three accounts at Silvergate Bank were under the name of FTX Digital Markets. These assets were initially owned by a Bahamian company and were later acquired by the US government on Jan 11.
Silvergate Bank reported a loss of $1 billion in the fourth quarter of 2022 after FTX’s collapse. Moreover, around $50 million was stored at Moonstone Bank, a financial institution in the U.S. that has connections to the administration of FTX.
The case is still going on and the outcomes will have a deep impact on the crypto industry.
Ethereum and Major Altcoins Are Set To For Massive Rally! Here’s What To Expect
In spite of the fact that 2022 finished on a depressing note and economic headwinds gave little hope for a comeback in 2023, the beginning of a new year has astonished bears with tiny and big spikes in altcoin prices.
Even at the time, this article was being written, statistics from CoinGecko showed that virtually all alternative cryptocurrencies, including Ether, are in the green on both the 24-hour chart and the seven-day chart. Are the values of the tokens about to see a sharp increase in the near future?
Analyst Thinks Altcoins Will See a Huge Spike Soon
According to TechDev, a well-known pseudonymous technical analyst, the cryptocurrency market as a whole, including Ethereum (ETH), is about to make an unexpectedly large move to the upside on a macro scale.
In his newsletter dated December 27, the analyst presented a chart that purports to indicate the altcoin market cap, as well as Litecoin (LTC) in its Bitcoin (BTC) pair (LTC/BTC), building bullish structures at the same time as the US dollar index (DXY) and Bitcoin domination exhibit signs of weakness. See chart below:
TechDev added:
“All 4 of these points together continue to suggest a broader market setup much closer to late 2016/early 2017 than any other prior position. It’s just taking 1.5-2x longer to develop, as has the rest of the structure thus far.”
Furthermore, on his Twitter page, the analyst has said Ethereum is doing well in comparison to Bitcoin, which is more evidence of an approaching optimistic chapter for other cryptocurrencies. He provides a chart of the ETH/BTC exchange rate with three-week candles that shows the relative strength index (RSI) possibly breaking out of a downward trend.
Is the current altcoin bull run going to stick?
The most notable price increases among these alternative cryptocurrencies have been witnessed in Solana (SOL), Cardano (ADA), Lido (LIDO), and Ethereum (ETH). The negative financing rate in the futures market, notably for SOL, and the impending Ethereum Shanghai upgrade are the key causes encouraging the surge in these tokens.
Since the majority of traders are probably short due to the negative rates, this might be a good time for the whale buyers to run their stop losses. Funding rates for other tokens continue to be vulnerable to a short squeeze.
Due to the latest prolonged downward trend, it is unclear if the current altcoin bull run can be sustained and possibly extend into a massive spike. While TechDev’s forecasts shouldn’t be taken at face value since it’s hard to pinpoint the underlying force driving this bull run, neither can they be ignored. Anything can happen!
Tom Brady, & Coinbase Among The Major FTX Shareholders
The FTX collapse in 2022 has brought down many companies and individuals who were in relation with the company. The firm filed for Chapter 11 bankruptcy in November 2022 after which its founder and CEO Sam Bankman-Fried stepped down from CEO position. Currently, John J. Ray III is positioned as CEO of FTX to assist the investigation.
The bankruptcy filing of FTX has revealed many information and individuals who were in connection with the firm. One such revelation is Football star Tom Brady and New England Patriots owner, Robert Kraft who happens to be FTX stock holder. The others include crypto firms Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures and Tezos Foundation.
The document claims that Tom Brady, who promoted FTX earlier, owns more than 1.1 million common shares of FTX. Along with Brady, his ex-wife and supermodel, Gisele Bundchen has more than 680,000 shares of FTX.
FTX Bankruptcy Filing Reveals List Of Shareholders
On the other hand, the filing also portrays that Kraft Group’s KPC Venture Capital LLC holds more than 110,000 Series B shares in FTX. It’s just not that, as per the reports, KPC Venture also has 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shrines, the firm which owns FTX US. Tom Brady is one of the Wall Street and Silicon Valley groups who have faced trouble with their FTX shares.
However, the value of investments are difficult to know and also the estimate of dollar value of shares are not easy to understand as FTX collapsed before going public.
It’s been reported that FTX used its FTT token to purchase businesses which also includes the crypto portfolio company Blockfolio which the FTX purchased in 2020. In fact, the deal was 94% funded by FTT token.
During the same time this year, FTX had raised $400 million and valued the company at $32 billion which had quoted Sam Bankman-Fried as one of the world’s richest persons. Unfortunately, the fame couldn’t last long and FTX collapsed.
Snowfall Protocol Is Set To Launch Soon and Investors Have Already Made Major Gains, Shiba Inu And PancakeSwap Can’t Keep Up!
Snowfall Protocol (SNW) is set to launch soon and investors are already looking forward to new opportunities for major gains. Shiba Inu (SHIB) and PancakeSwap (CAKE), two of the most popular DeFi projects, will have a hard time keeping up with Snowfall’s potential returns. In this article, we interview experts on why Shiba Inu (SHIB) and PancakeSwap (CAKE) are not the best choices to invest in for the years to come.
Expert’s Opinion On Shiba Inu (SHIB) and PancakeSwap (CAKE)
“First off, Shiba Inu (SHIB) is a digital token that has grown in popularity due to its Shiba Inu logo and meme-style marketing campaigns. It is often referred to as ‘Dogecoin killer’ and has had a major surge in trading volume over the last few months. Despite being popular, Shiba Inu (SHIB) is still an extremely volatile asset with the high risk involved. Many experts like myself do not recommend it as a long-term investment due to its lack of any solid fundamentals.”
Experts clearly are warning against investing in Shiba Inu (SHIB). But what about PancakeSwap (CAKE)?
“When it comes to PancakeSwap (CAKE), it is also a digital token and has seen its own growth in trading volume. What sets PancakeSwap apart from Shiba Inu (SHIB), however, is its lower volatility and more established infrastructure. PancakeSwap (CAKE) is primarily used as an exchange platform to trade tokens on the Binance Smart Chain blockchain, and it has become one of the most popular decentralized exchanges (DEX) in the DeFi space. Despite its popularity, PancakeSwap is still not cross-chain compatible”
PancakeSwap (CAKE) has some flaws. However, there is still hope with Snowfall Protocol (SNW)
Why Snowfall Protocol (SNW) Has A 1000x Potential
Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. It is capable of providing users with the ability to swap assets across the most widely used EVM and non-EVM compatible chains.
Snowfall Protocol (SNW) will be bringing millions of people on board to communicate with every blockchain and bridge the gap between the traditional financial system and cryptocurrencies. This is like how Noah’s Ark enabled animals of all kinds to cross the sea together.
Snowfall Protocol (SNW) has the potential to become a major player in the DeFi space, and its 1000x returns are already attracting investors. With its wide range of features, Snowfall has a real chance to revolutionize the DeFi industry like never before.
Final Thoughts
Snowfall Protocol (SNW) will be introducing a new cross-chain yield farming platform that many experts expect to bring massive return potential of up to 100Snowfall Protocol0x. This is one of the key reasons why investors are already placing their bets on Snowfall Protocol (SNW), as it provides an opportunity to not only generate returns but also to diversify their portfolio in the DeFi space. Shiba Inu (SHIB) and PancakeSwap (CAKE), on the other hand, are relatively high-risk investments with more volatility.
Snowfall Protocol (SNW) is set to launch soon and it has already witnessed major growth before its launch date of February 3rd. With the final stage ending in less than 30 days, investors are advised to jump on this opportunity and make major gains with Snowfall. 🚀👌 🤑💎
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Bitcoin and Altcoin Price To Drop Heavily With Major Capitulation in 2023!
Toni Ghinea, an independent cryptocurrency analyst, has revealed on Twitter their forecast for the price of bitcoin in the year 2023. According to Ghinea, this year will be the year when the cryptocurrency market has a major capitulation, and the analyst adds that price declines of 40–60% shouldn’t come as a surprise.
According to the expert, we should anticipate that institutions will continue to sell Bitcoin, which will cause the price to drop below $16,500. The price of bitcoin is present $16,555. Secondly, Ghinea said that global liquidity is contracting and that the price of cryptocurrency does not account for the possibility of a recession.
The market expert believes that the monthly chart for Bitcoin looks “horrifying,” and she forecasts that the price of the most valuable cryptocurrency will fall between $11,000 and $14,000.
Ghinea said:
“There’s nothing wrong with being optimistic, but being a bull in the face of an imminent recession due to irresponsible money printing over the last 2 years is not smart. Don’t fight the FED. It’s simple.”
After breaching over the $16,650 mark, Bitcoin is trading with a positive bias on January 3rd. At first, it seemed probable that Bitcoin would go toward the $16,750 level. Despite this, it is presently trading at just a hair over $16,630, and the total amount of trades over the last 24 hours was $13.4 billion.
On the four-hour timescale, the bullish scenario for Bitcoin price has been partially invalidated, and it is expected that BTC will turn the range low at $16,211 into a resistance level
Investors should wait for confirmation before closing their long position. Confirmation will come if Bitcoin creates a lower level below $16,211. Manipulation may cause a fast selloff below the level listed above. However, investors should wait for confirmation before closing their long position.
An improved macroeconomic situation, more adoption, a decreased supply, and a lack of competition are all things that can end up helping cryptocurrency. Although not only Ghinea, several other experts seem to believe that Bitcoin’s value will continue to decline.
This might happen if investors stop putting money into cryptocurrencies and if crypto firms continue to cave in the face of pressure.
Is Solana On the Verge of Major Collapse in 2023? Decoding the Possibility
In the middle of an already challenging year, the FTX crash has made things much more tough for Solana, and many in the cryptocurrency industry seem to believe that the project will ultimately fail.
Throughout the course of the year, Solana had a number of problems and became unsteady when used often. Users complained that the platform was too centralized, which caused the SOL price to change whenever there was a problem with the network.
To invest in Solana initiatives, FTX and Alameda Research fraudulently obtained and used client funds. As a result, all of the money has been lost, and the user experience will be most likely permanently tarnished.
SOL Price
The price of Solana suffered a significant dip only a few days before the FTX collapse news broke, indicating that there was quite possibly some meddling going on inside the exchange. SOL’s price has decreased by 73% since November 5th.
At the time of publication, one token is worth $9.98, reflecting a decrease of 10.41% over the course of the last 24 hours and 17.6% over the course of the past seven days. It’s important to note that SOL hasn’t traded for less than $10 since February 2021, therefore the current situation is rather concerning.
Projects Keep Leaving Solana
In a turn of events that should not come as much of a surprise, stacks of projects have started leaving Solana.
Both the DeGods NFT art collection and the Y00ts NFT collection stated on Twitter on the 26th of December that they will be severing their links with the ecosystem in favor of Ethereum and Polygon, respectively.
The spread of fear, uncertainty, and doubt (FUD) around SOL is, quite honestly, completely justified.
And provided that there are no fundamental problems, frauds, or a halt in development, FUD directed against a project is often something that may be regarded as good. Solana’s reputation has been significantly tarnished as a result of FTX, yet it may not be irreparably damaged.
It is important to note that in 2018, the Ethereum ecosystem was hit by a similar issue, which caused its value to drop by more than 90 percent; yet, the currency would eventually reach new highs. There are often unexpected breakthroughs in the cryptocurrency market, and so 2023 might see Solana making a comeback… or not.
3 Major Advancements Rate That Crypto (RTC) Is Bringing To The Crypto Industry
Introduction
The idea of a new cryptocurrency bursting onto the scene may seem like an anti-climax for some investors. Hundreds of new projects are being launched daily, promising investors astronomical returns. Usually, the quote “if it sounds too good to be true, it probably is” can be applied to many of these projects as they have no practical use. However, this is not something that can be said about Rate That Crypto (RTC).
What is Rate That Crypto? (RTC)
Rate That Crypto is an immersive play to earn crypto that emphasises education. You can use your knowledge and expertise to use points to establish whether or not the price of a cryptocurrency will be going up (bullish) or going down (bearish). Once you reach the top of the leaderboard, you will receive a prize pool percentage. As the amount of users grows, the prize pool will also increase.
In essence, it is a demo system where you do not need to wager your money to win one of the available prizes. You can use your points and analytics on the website to move up the leaderboard. In addition, there is a non-custodial wallet where you can store your cryptocurrency.
Risk-Free Gameplay
This could be the main selling point of this unique project. Rate That Crypto (RTC) is unique because it isn’t a project solely after your money. The mechanism in place is a points system which utilises a points-based leaderboard.
It is fully authentic, based on bullish and bearish predictions, and you cannot purchase places on the leaderboard. Users can watch video ads to generate new points if they run out. This opportunity is provided three times a day.
Educational
As we touched on in the introduction, the main purpose of Rate That Crypto (RTC) is for educational purposes. You can use the real market sentiment and price to predict whether a cryptocurrency will be bullish or bearish.
By learning how the markets move without having to stake your own money, you can become familiar with the patterns to look out for, so building your knowledge of the market will better equip you to use your money when you trade in the future. However, the market is unpredictable. Even if you do begin to understand how it works and think the price will move in a specific direction, your capital is always at risk.
Gameplay
Combining education and gameplay can be a hard sell. Usually, it isn’t easy to combine the two. However, this is where Rate That Crypto (RTC) stands out in the market. Not only is it risk-free and educational, but you can also have fun whilst combining these other two features. Racing to the top of a leaderboard to receive Rate That Crypto (RTC) tokens as a reward is where the fun lies with this project.
Conclusion
Having to boil this list down to just three positives proved to be quite difficult. There are a huge number of other benefits to this cryptocurrency. Other key features include a fully developed app available on iOS and Android stores during phase two. In addition, the team has been fully doxxed. You can see the team’s extensive experience and expertise by looking at the whitepaper.
As well as the fact NFT holders can obtain revenue distribution, which could be worth thousands of dollars in the future. This depends on token volume and how the project develops once it enters the second phase of its launch. Phase three includes the token launch on PancakeSwap and listings on both CoinGecko and CoinMarketCap.
Whilst some of these features are part of a process that a lot of coins follow when they first start, it shows the project has solid fundamentals and has a clear and concise road to becoming a success.
More Details :
Twitter – https://twitter.com/ratethatcrypto
Telegram – https://t.me/ratethatcrypto
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Bitcoin Price 2023: Arthur Hayes Identifies a Major Catalyst for BTC Price Rally
Following losing momentum over the weekend, the price of bitcoin surged on Tuesday after data from the US consumer Price Index (CPI) Rate Showed signs of cooling. The Fed released its first report on inflation on Tuesday, and Fed Chair Jerome Powell will talk on Wednesday, putting BTC into a volatile week.
However, the largest cryptocurrency by market cap, Bitcoin, could outperform the stock markets in 2023. Billionaire Arthur Hayes has identified a catalyst and has said that a bleak macroeconomic backdrop would cause the Federal Reserve to eventually loosen its monetary policies next year.
In a new interview with crypto expert Scott Melker, Hayes said that next year, the Fed may have a pivot because the treasury market and the investment-grade corporate bond market might become ‘dysfunctional’. He then explained what he meant by them becoming ‘dysfunctional’ and said :
“You have a bunch of supply with no buyers. The Fed is not buying, the Treasury is not buying – they’re actually issuing paper. All large foreign, non-US governments are mostly net sellers of treasuries so that would be Japan and China.”
He then added, “If you see accelerating more deals of Middle Eastern countries selling their oil not in dollars but also, at least, the lowest recycling of dollars, less purchases of treasuries and yet at the same time, you have all-time high issuances of debt because the baby boomers in the US are aging. They have entitlements – social security, Medicare.”
Talking about the tension between Russia and Ukraine, he said that there might be a recession. He believes that the treasury market is effectively telling us that there will be a recession next year since the three-month, 10-year spread, which many economists regard to be the actual recession signal, has turned negative.
Further talking about the solution, he said that more currency must be issued in order to maintain the social safety net. The politics of the corporate bond and treasury markets, in his opinion, will require that the Fed, at the very least, take a break from injecting money into the market and, at the very most, start doing so sometime next year.
Major Price Pump Predicted for Sparklo Amid Presales; HEX Coin And NEXO Continue to Rise
Every investor in the crypto space always looks for tokens or coins that would provide substantial gains. As a result, these investors constantly change approaches and strategies to keep up with market changes.
Because of this, investors have to add optimistic tokens to their portfolios and remove negative ones. This has led analysts to the presale gem Sparklo and other tokens with potential, like HEX Coin (HEX) and NEXO (NEXO), which have continued to rise even in unfavorable market conditions.
HEX Coin (HEX) Price Fluctuates, But Analysts Optimistic About A Continuous Uptrend
HEX Coin (HEX) entered the crypto market with a price tag of $0.00025 in 2019, staying at that level for that year and the next. Moreover, the rampant bullish sentiment of 2021 saw the coin grow to more than $0.06 in May.
2022 has been close to the past year in terms of price performance, as HEX Coin (HEX) remains largely unaffected by the bearish sentiment of the year. HEX Coin (HEX) trades at a price point of $0.0385058.
Though the past 90 days have been relatively poor for HEX Coin (HEX), the 30 days chart shows a +15.91% increase. This indicates that HEX Coin (HEX) is picking up, and analysts predict that this rise will continue in the coming months, making it a good investment opportunity.
NEXO (NEXO): All Green On The Charts As Investors Take Profits
NEXO (NEXO) token opened in 2022 with a price of $2.39 but was later reduced to $1.57 by the month’s end. In February, the price increased but dropped after the news of Russia’s invasion of Ukraine, affecting the market. By April 2, 2022, NEXO (NEXO) had a price tag of $2.58, after which some market sentiments dropped. But before the end of the month, the listing on Binance pushed forward the price to $3.40.
Subsequently, Nexo’s announcement of an additional $50m allocation pushed the price further, but it couldn’t sustain the trend as it went downhill. But NEXO (NEXO) has been taking the initiative to move forward after its downtrend as it currently trades for $0.9468923 after a +42.23% price increase in the past 90 days. Expert analysts believe that this signifies the potential of NEXO (NEXO) to make a comeback.
Sparklo (SPRK): Presale Gem Expected To Pump In Price
Expert analysts predict that Sparklo has the potential to be among the top-performing cryptocurrency of this year and the next. Sparklo is a unique platform that allows users to trade in minted and fractionalized NFTs backed by real-world assets in gold, silver, and platinum. Investors have the option of investing in partial or complete NFTs. But an entire NFT purchase results in a real-world asset delivered to your chosen destination.
The developers of Sparklo have passed their audit with Interfi Network and will also lock its liquidity for 100 years. Furthermore, to ensure further security, the teams will also lock their token for 1,000 days showing a genuine devotion to the Sparklo protocol.
Sparklo presale currently goes for a price of $0.013, and analysts predict the price to surge in the coming months and 2023. When looking for an investment that would provide huge gains, getting early in Sparklo presale would prove wise.
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Terra Fails to Attract Investors, Despite Major Ecosystem Updates! What’s Next for LUNA Price?
The giant fall that slashed the Terra (LUNA) price to half during the first few days of November continues to prevail as the prices remain within the bearish influence. At the same time, the volume also has dropped significantly which has also hindered the rally to a larger extent. Meanwhile, the development activity over the platform remains within a decent range regardless of the LUNA price action.
In a fresh update, the new alpha package for TerraDart which is a Dart SDK for writing applications interacting with the Terra blockchain rolled out a new package called alpha. The alpha package is now ready to use and can be used to communicate with the LUNC blockchain within Flutter & Dart environments.
Along with the alpha package, a new on-chain proposal has been rolled out called Knowhere/Soil Grant Proposal where-in the developers seek 187,500 LUNA for the smooth functioning of the network and also launch new features every 6 to 8 months.
Despite a couple of significant upgrades, the price remains largely unaltered. As per the data from Santiment, the development activity over the platform has slightly risen from rock bottom levels.
It has to be noticed that the development activity decreased when a minor rise in the LUNA price was registered previously. This resulted to be extremely harmful to the token as the community shifted its focus as the social volume also dropped miserably. Moreover, the volatility of the asset also dropped by more than 40% which worsen the situation.
However, LUNA’s daily chart continues to remain bearish as most of the indicators point toward the price could deep dive into the bearish sea very soon. The price which is hovering around $1.62 with a slight jump of 4.13% compared to the previous day’s close may fail to reach the pivotal resistance at $2. The following rejection may however drag the Terra price below $1.5 very soon.
Revolutionary Crypto Analytics Platform Dash 2 Trade Lowers Hard Cap and Confirms Major CEX Listings
Pioneering crypto analytics project Dash 2 Trade has officially announced that it will end its presale in the coming weeks due to exceptional investor demand.
Originally slated to last for nine stages, the Dash 2 Trade presale will now end after Stage 4 – meaning the development team will lower the hard cap to $13.4m
With over $7.4m in funding already raised, the common consensus is that this hard cap will be met in the coming weeks. As such, investors have a limited time to buy D2T tokens at a discount before they hit the broader market.
High Investor Demand Prompts Presale Revision
Many crypto presales experience substantial demand in their first few weeks post-launch – yet nobody could have predicted the extent of this demand for Dash 2 Trade.
Launched in late October, Dash 2 Trade’s presale has generated over $7.4m in just over a month. This is even more impressive considering the Dash 2 Trade ecosystem is still in development – and highlights the growing need for practical analytics tools.
Much of this need can be attributed to the volatile market forces stemming from FTX’s collapse. The fear and uncertainty prevalent amongst crypto traders have caused unusual price movements – making it difficult for these traders to operate profitably.
For this reason, Dash 2 Trade’s team has decided to end the project’s presale phase after Stage 4 and launch straight into a beta phase. This decision was taken with the investment community’s interests in mind, as it’ll mean traders can access Dash 2 Trade’s tools and services much earlier than anticipated.
Although the presale is expected to hit its hard cap in the coming weeks, investors can still buy D2T tokens at a discount. Stage 3 is ongoing at the time of writing, meaning D2T tokens are priced at just $0.0513.
Once in Stage 4, the token price will rise to $0.0533. Thus, the current price is the lowest that investors will be able to obtain D2T before the token is listed on major CEXs and DEXs.
New CTO and Community Manager Strengthen Dash 2 Trade’s Team
To help foster Dash 2 Trade’s growth, the development team has opted to bring two high-profile names on board.
Firstly, former ConsenSys team leader Ilyes Kooli has joined the team as Chief Technology Officer (CTO). ConsenSys is one of the world’s leading Ethereum software companies, helping developers construct dApps and participate in the NFT and DeFi sectors.
Ilyes has also held prominent roles at CocoLabs and Cobania, highlighting his extensive experience within the crypto space. Dash 2 Trade’s platform will undoubtedly benefit from this experience, helping drive the innovation needed to make it a world-class product.
Secondly, Trevor M. has joined the team as Community Manager. Trevor has three years of experience as a YouTuber and also produces videos for CoinMarketCap, which is owned by the market-leading exchange Binance.
Trevor’s knowledge of the crypto market and ability to distil complex information into easily-understandable messaging will be crucial to Dash 2 Trade’s future growth. Moreover, Trevor will play a key role in updating community members with the latest goings-on within the Dash 2 Trade project.
Major CEX Listings Look Set to Spur Rapid Growth
The addition of Ilyes and Trevor to Dash 2 Trade’s team is a massive boost to the project’s prospects – yet the development team isn’t stopping there.
Although Dash 2 Trade’s roadmap notes plans for a CEX/DEX listing drive in Q1 2023, the incredible success of the project’s presale has prompted leading platforms to pick up on D2T tokens early.
LBank, one of the top 25 crypto exchanges in the world, recently announced that it would list D2T tokens “soon”. Not long after this, BitMart followed suit – meaning that traders will be able to buy, sell, trade, and speculate on D2T in the coming weeks.
Not only will the looming LBank and BitMart listings dramatically increase liquidity, but they’ll also help boost awareness of the D2T token. Moreover, new token listings tend to create a ‘snowball effect’ leading to further listings – so all eyes will be on the Dash 2 Trade Telegram channel for any announcements.
Why the Hype Around Dash 2 Trade?
So why is Dash 2 Trade attracting so much attention from investors, and why have leading exchanges pledged to list D2T before the project is officially released?
The reasoning behind this can be traced to Dash 2 Trade’s pioneering crypto-intelligence platform – a one-of-a-kind ecosystem that contains all of the tools and services traders need to be successful.
Those familiar with the crypto market will understand that digital currencies are much different than ‘traditional’ asset classes, such as equities and commodities. As such, investors must analyze these currencies in a unique manner, and new strategies must be deployed to trade them effectively.
This is where Dash 2 Trade comes in, as the platform will offer an array of features to empower traders within the crypto market. These features will include regular trading signals, real-time price charts, advanced technical indicators, on-chain analytics – and even a tailor-made presale scoreboard.
As if this wasn’t enough, Dash 2 Trade’s team is putting the finishing touches on a fully-fledged strategy builder with backtesting capabilities. This means that users can develop their own strategies and test them out using historical price data before deploying them in the live market.
As per Dash 2 Trade’s whitepaper, users will need to pay a monthly subscription in D2T to access the ‘Starter’ and ‘Premium’ tiers – both of which contain the most valuable tools and features.
This is where D2T derives its value – and why many market commentators believe it could be one of the fastest-growing crypto tokens of 2023.
Dash 2 Trade’s Marketing Steps Up a Notch
Although much of the focus has been placed on the upcoming launch of Dash 2 Trade’s trading dashboard, the development team has also been hard at work from a marketing perspective.
Dash 2 Trade’s website has been completely redesigned, featuring exclusive images of the platform and a handy matrix comparing its features with its competitors.
Users can easily see that Dash 2 Trade stands out from the crowd and offers a comprehensive feature set that traders cannot find elsewhere in the market. The website also showcases D2T’s tokenomics, clearly stating what the tokens will be used for – ensuring an air of transparency.
Dash 2 Trade’s website also provides links to the smart contract audit by SolidProof and the KYC verification by CoinSniper – adding a level of credibility that is rarely seen with crypto presales.
Finally, the new website even showcases Dash 2 Trade’s veteran team – many of whom helped build the 70,000-strong Learn 2 Trade education platform. Each team member has a direct link to their LinkedIn page, so would-be investors can gain an understanding of who’s behind the project’s development.
How to Buy D2T Tokens – Step-by-Step Guide
Those looking to buy D2T tokens now can still access them through the presale – with tokens currently priced at $0.0513. Detailed below are the four quick steps investors can take to purchase D2T today:
- Step 1 – Set Up a Crypto Wallet: Set up a MetaMask wallet (desktop users) or a Trust Wallet (mobile users). Once set up, import the D2T contract address, which investors can find on Dash 2 Trade’s homepage.
- Step 2 – Acquire ETH or USDT: Purchase Ethereum (ETH) or Tether (USDT) from a broker or exchange. Investors can also buy ETH through Dash 2 Trade’s website using a credit/debit card.
- Step 3 – Link Wallet to Presale: Go to Dash 2 Trade’s website, click ‘Connect Wallet’, and follow the on-screen instructions to make the link.
- Step 4 – Buy D2T Tokens: Choose whether to fund the purchase using ETH or USDT, enter the number of D2T tokens to be bought (minimum 1,000) and confirm the investment. Once the presale ends, investors can claim their tokens through Dash 2 Trade’s website.
Website: https://dash2trade.com/
Crypto Market Might See One Last Major Crash – Predicts Bloomberg Analyst
The Fed, the ongoing crypto winter, and the FTX collapse have all begun to erode investor confidence in the market. While everyone waits for a trend reversal, one analyst predicts what will happen to the cryptocurrency sector next.
According to Mike McGlone, who is a commodity strategist for Bloomberg, the reversal of the trend in the cryptocurrency market may take some time to happen. He said that the worst of the crypto winter is probably behind us.
In a recent interview with Stansberry Research, He said that we might be in the final stages of the ongoing bear market, and typically such bear markets according to him will ‘make you lose your hair and take money from everybody and they will be volatile and difficult.’
“Cryptos have already backed up 80%, and you just don’t want to get too bearish when a thing is down 80%,” he advised.
He said that this is not a crypto winter and added that it’s a ‘everything winter’ but except for one asset class. “This an everything winter, except for one asset class. Those are commodities. Commodities have to go down. If they don’t, the Fed is going to keep tightening until they do, and so that that’s to me the way I look at it.”
Ethereum to Start an Upward Trajectory?
Talking about the second-largest cryptocurrency, McGlone recalled the time when Ethereum was trading at $100 at the end of 2019. Ethereum will grow because of the strong foundation of the smart contract platform, according to him. He said that the currency is still 12X up and it is holding good support at $1000.
“I fully expect that to come out ahead and to continue that upward trajectory over time,” he added
“The key thing to remember… Bitcoin and Ethereum, the two stalwarts in the space have declining and definable diminishing supply, and increasing adoption and demand.I fully expect the adoption point to increase after bumps in the road, and prices have to go up over time,” he concluded.
Stablecoins Like USDT and USDC Moving out of Gemini & Other Major Exchanges! What’s Next?
The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users’ activity, failing to carry out their business as usual. While some of the platforms who denied earlier have admitted to their platform’s exposure to the FTX crisis.
Therefore, many such platforms are soon expected to open up about their financial stands and exposure to FTX.
In a recent update, the world’s largest exchange Gemini owned by the Winklevoss brothers appear to b in deep trouble as they halt user withdrawal. Meanwhile, they deny being exposed to the Genesis crisis but halting user withdrawals says it all. Hence the larger institutions and maybe whales are pulling out of the exchange.
As per the report, the Gemini staking service may soon shut down and this has compelled the users to quit the platform. The platform witnessed the largest withdrawal movement ever as stablecoins worth more than $300 million exited from the Gemini reserve.
On the other hand, the major stablecoins are also moving out of the exchanges. As per a popular on-chain analytical platform, Santiment, a huge drop in USDT, USDC & BUSD holdings in the reserves of the exchanges has been recorded following the FTX collapse.
With the recent FTX fallout, more money is flowing out of the crypto space. It is quite evident that the large institutions or even the whales may have transferred their holdings from the exchanges and moved them to self-custody. This is believed to have a larger impact on the crypto space as stablecoins are believed to be the highest-traded entity on daily basis.
Shiba Inu To Dominate Major Altcoins Soon! SHIB Price Is Poised To Kick A Massive Explosion
While the crypto market has been severely affected by the recent collapse of famous crypto exchange giant FTX, the SHIB community continues to broader its adoption due to a potential announcement from the SHIB’s team regarding its collectable card game (CCG) ‘Shiba Eternity’ and upcoming layer-2 blockchain solution ‘Shibarium’.
Since its inception, the ‘dog-themed’ meme coin has evolved significantly and overcome several hurdles during its upward journey with much-anticipated developments like Shibverse, Shibarium, and Shiba Eternity.
Is SHIB Price Ready For A Major Pump?
There is much hype surrounding Shiba Inu’s long-term goal of $1 as the team is putting enough effort into revolutionizing the platform in the blockchain space.
A pseudonymous Twitter user, ShibInform, recently hinted that the SHIB token might soon project itself to an overwhelming price of $1 due to its upcoming hyped developments.
The SHIB domination started two weeks ago when Shiba Inu developer, Shytoshi Kusama, confirmed the arrival of the layer-2 blockchain Shibarium to the SHIB network.
SHIB fans are waiting eagerly for the launch, which is expected to be completed by the Q3 of 2023, as the developer did not provide any specific date for the launch.
Kusama also shared significant updates on the collectable card game (CCG) Shiba Eternity as he revealed the link between the game and the upcoming product Shibarium.
As a result, it is expected that SHIB users will have a lot of use cases on the platform, which can act as a catalyst in pushing the token’s price to the North.
This Price Level Can Spark Fresh Surges!
Shiba Inu has wiped out billions of dollars from the portfolios as it plunged hard to the downside following the implosion of FTX and its native token, FTT.
Due to this, panic and fear of contagion in the SHIB token increased dramatically, forcing whale investors to liquidate massive positions and build selling pressure in the price chart.
According to CoinMarketCap, Shiba Inu is trading at $0.000009098, dropping over 3% in the last 24 hours.
Looking at the daily price chart, Shiba Inu is forming a solid bearish pattern, and it can ignite a downtrend if it continues to retrace below its 23.6% Fib retracement of the current level.
Moreover, Shiba Inu has crashed all its EMA and SMA indicators, and the Stochastic RSI has reached the oversold region.
The RSI-14 indicator has consolidated in a neutral zone of level 40, and SHIB may drop quickly if the RSI falls below 35.
The Bollinger bands are also closing in a supportive region as the lower limit is at $0.00000806. If SHIB fails to hold its price near $0.000008, it can undergo a strong bearish rally, further dropping to the level of $0.00000694. The MACD line is also gaining pace downward as it continues to trade in negative territory, which can accelerate the current bearish momentum of SHIB.
However, the above bearish viewpoint may become invalid if Shiba Inu makes a bullish reversal by trading above its EMA-100 trend line at $0.00001139. The Bollinger band’s upper limit is at $0.00001344, which is a strong resistance level for Shiba Inu. If SHIB breaks above it, it can head towards a smooth bull run.
Crypto Markets Could Undergo a Major Change Soon! Will the Altcoins Maintain Their Sanity?
After a gigantic bull run, the crypto space undergoes an extended correction phase where-in assets plunge heavily by more than 80%. Meanwhile, the current phase also reflected a similar trend until the markets collapsed in May led by the fall of the Terra ecosystem. Since then the crypto assets have been trading under the heavy influence of the bears as Terra’s fall create ripples of fallouts later.
Recently, one of the most popular exchanges, FTX faced an $8 billion shortfall and is heading towards bankruptcy. This has led to a bloodbath on the streets of satoshi nakamoto 
satoshi nakamoto satoshi nakamoto Developer/Programmer Followers : 0 View profile , and moreover, the drop is expected to intensify very soon, dragging Bitcoin & altcoins to their bottoms.
However, the Altcoins presently may certainly not behave in a similar way it did post-2017 bull run. The top ALTS in 2018 were totally different from the top 100 ALTS now and hence a popular analyst warns his 117,900 followers to be very careful of the majority of Altcoins.
The market collapse led by FTX blew out nearly $200 billion in market capitalization in just a couple of days. Meanwhile, a steeper plunge is yet to happen, and with this, a sharp decline in Bitcoin, Ethereum, & the major altcoins are expected.
A well-known analyst, il capo of crypto 
il capo of crypto cryptocapo TraderMarket Analyst 
Followers : 0 View profile , rightly predicted the recent crash much before it occurred and believes that the last leg of the current capitulation phase is yet to occur. Bitcoin prices are expected to drop by 16% to 20%, Ethereum‘s price by 36% to 40%, and altcoins could crash by 40% to 45% very soon.
Hence, in the coming days, the major crypto assets are expected to find new bottoms and close the yearly trade on a bearish note.
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FTT Token May Ignite A Death Rally Soon For Major Altcoins And Stablecoins! Here Is What Happening
It seems that the crypto market is going to witness another worst moment after just recovering from the prolonged effect of the historic crash of Terra’s LUNA in May.
A leaked report from Sam Bankman Fried (SBF)-founded trading platform, Alameda Research, claimed that the firm’s billions of dollars ($3.2B) worth of assets are locked in FTX’s native token FTT, which may lead to a crypto crash anytime soon.
This incident has forced FTX’s rival Binance to sell off their FTT holdings as the CEO Changpeng Zhao is going sell off Binance’s FTT holdings worth $2.1 billion to avoid any loss that happened during the LUNA crash.
Moreover, the massive sell-off of FTT tokens in exchange for stablecoins and altcoins may lead to a price dump of cryptocurrencies, including SRM, LDO, BTC, ETH, RNDR, BIT, GOG, UNI, SUSHI, AVAX.
Trailer Of Altcoins’ Bloodbath With FTT Begins!
The massive sell-off of FTT tokens will not only create selling pressure and a price drop for FTT in the chart but will also take several altcoins and stablecoins to the bottom levels.
According to on-chain data provider, Lookonchain, Alameda holds a significant amount of stablecoins and altcoins as the trading platform is constantly exchanging FTT tokens.
According to them, these massive movements of cryptocurrencies will eventually lead to a price dump, including significant assets like Bitcoin and Ethereum.
Moreover, the analyst firm noted that Alameda is making huge transactions of SRM, LDO, RNDR, BIT, GOG, UNI, SUSHI, and AVAX to FTX exchange, highlighting that Alameda Research transferred 478,999 SHUSHI and 636,538 LDO ($1M) to its parent company FTX exchange.
Additionally, the FTX exchange is also dumping other tokens, including CHZ, LOOM, SHIB, LINK, and DYDX, as the crypto exchange giant is directly depositing its holdings to Binance.
Where Is FTT Heading Next?
Looking at the daily price chart of FTT, the token is almost 20% down from its recent high as CZ is slowly dumping the FTT tokens by selling $500 million worth of FTT tokens.
If CZ continues to liquidate more FTT tokens, it will force Alameda’s FTT-backed loans to a massive sell-off, and FTX exchange will close their huge FTT holdings to avoid any upcoming loss in exchange of stablecoins and altcoins, which will create a panic and dump situation for the entire crypto market, leading to a death spiral.
According to CoinMarketCap, Solana, ChainLink, and BNB prices have already started their bearish trend due to high liquidation caused by the FTT sell-off. FTT token is currently trading at $22.6 after making a downside breakout at the EMA-50 trend line of $24.3.
Since then, the FTT token is dramatically falling in the price chart, with the RSI-14 level dropping to 40. The MACD line is also retracing downward following negative market sentiments.
In conclusion, the rising sell-off risks of FTT tokens may put a barrier to the upcoming crypto bull run that may take place by the beginning of 2023, as an increased liquidation of leading assets will extend the timeframe of the bearish trend before a bullish comeback.
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Whales Transfer Millions of DOGE to Exchanges, Is a Major Price Action Underway?
Dogecoin price had received immense attention in recent times as Elon Musk acquired Twitter and completed the $44 billion deal. While many speculated that the asset may also be included as one of the payment options along with other cryptos, the DOGE price gained huge bullish momentum.
Woefully, the price at the moment appears to have stuck up under a bearish influence and hence is believed to drop notably in the coming days.
Meanwhile, the Dogecoin whales have become extremely active of-let as a large amount of DOGE has been transferred onto the exchanges. They have moved nearly 256 million DOGE to Binance & Coinbase despite Elon Musk’s Twitter takeover.
As per the data shared by Whale Alert which records large & interesting transfers, these tokens were moved in 2 different transactions. Initially, 212.3 million DOGE was moved to Coinbase worth $26.67 million.
Further, another transaction of transferring 43.67 million DOGE to a Binance address was recorded worth $5 million at the press time.
Despite the fact that Elon Musk hinted at the probable Twitter acceptance of Dogecoin, the DOGE price continues to slash hard. The popular token is valued at $0.1169 at the moment, with a drop of 5.06% in the past 24 hours. Meanwhile, the market cap also suffered a plunge of over 5%, but the trading volume increased by more than 27% to reach $1.4 billion, indicating the revival of bearish influence over the asset.
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Bitcoin To Face A Major Price Drop By Next Week! Analyst Maps Potential Bottom Levels For BTC Price
The last month brought a bullish recovery for several cryptocurrencies, including Bitcoin, as it held its price in positive territory by gaining 5.89% in its value.
However, the Federal Reserve’s decision to increase interest rate by 75 basis points to control inflation ignited a fresh bearish start for BTC price by the beginning of November.
Several traders and investors are now wondering about Bitcoin’s future price movement amid negative market sentiments.
Bitcoin Reaches The Final Resistance Zone!
As November begins, crypto analysts and strategists around the space have become busy giving their opinions and predictions on the future road of the crypto market.
A prominent crypto analyst, CryptoCapo, conducted an in-depth analysis of BTC’s previous price movement in 2022 and predicted that Bitcoin is all set to form a lower high before plunging hard to the bottom level.
According to him, the Bitcoin price movement has made a falling resistance pattern since July.
CryptoCapo predicts that the current resistance point has entered the final capitulation zone as BTC will likely make another resistance at $21.4K and witness a sharp decline below the price of $16K by the end of next week.
Moreover, another crypto strategist, Cyploss, analyzed that BTC’s weekly RSI level is forming a falling pattern, hinting at a sharp price drop for Bitcoin by next week.
Where Is Bitcoin Heading Next?
Bitcoin has gained the spotlight in terms of price fluctuation in the last 24 hours as it shows hope of upward momentum after ending its descending triangle pattern.
According to CoinMarketCap, Bitcoin is currently trading at $21,284 with an uptrend of 3.41%.
Looking at the daily price chart of Bitcoin, BTC recently broke its immediate resistance level at $21K and is continuing to trade upwards.
Bitcoin has made a strong bullish candle near the EMA-100 trend line, hinting at further bullish momentum in the price chart.
The RSI-14 is hovering around a strong overbought region at 64-level, which can bring a rejection for Bitcoin and slump it hard to the bottom level.
Moreover, the MACD line is now gaining pace and entering a bullish divergence zone for Bitcoin’s price.
The Bollinger bands are also forming a wide gap in the BTC price chart as the upper limit is at $22.4K, and a breakout above it may lead Bitcoin to its major resistance level of $25K.
Conversely, the Bollinger band’s lower limit is at $20.7K, acting as an immediate support level in determining Bitcoin’s future price movement.
Our technical analysis for Bitcoin reveals a possibility of a bearish trend if BTC fails to hold its uptrend and drops below $20K, which can bring new lows for Bitcoin by the end of this month as it can trade near the bottom of $18K.
It is to be noted that the recent upward trend might be a trap of whale investors by moving huge funds amid the effect of the CPI data on the crypto market, leading to a pump-and-dump situation.
Investors are advised to do their own research before investing in the current volatile situation, which can erase all the funds.
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Shiba Inu (SHIB) Price at Major Crossroads, Can it Initiate a Fresh Bull Run Again?
The second largest meme coin by market capitalization, Shiba Inu (SHIB), has gained approximately 24 percent in the past two weeks. Although a mini pump, market strategists are arguing whether the meme coin will initiate a fresh bull rally in the near future. Furthermore, meme coins have gained popularity for their speculation purposes by global investors.
In the past 24 hours, Shiba Inu has gained approximately 5 percent to exchange the hands of 1,235,364 hodlers at $ 0.000012304. Additionally, Shiba Inu’s trading volume has spiked 233 percent in the past seven days to $622 million.
The spike in the last few weeks on the Shiba Inu’s ecosystem is partially attributed to Dogecoin’s speculation on integration with Twitter by Elon Musk. Moreover, the entire cryptocurrency market has recorded a slight bump in the past week.
Shiba Inu Price on a Financial Scope
The Shiba Inu price has consolidated at its current level since mid-May. Consequently, the coin has formed strong support and resistance at the same range. Nonetheless, Shiba Inu may have ended a multi-week downward trend, hence the bullish call in the past few weeks.
At current prices, all eyes are on the daily derivatives chart to observe if the Shiba Inu price will close any day above the 200MA. Should the asset close above the 200MA, then a bullish thesis will be on the cards. However, should the asset continue trading below the 200MA, fears of a possible dip will sustain in the coming months.
Furthermore, JPMorgan analysts and Coinbase financial statements unanimously agree that the current crypto market weakness will sustain in the coming months.
“The current weakness in crypto markets is likely to persist if this trend continues, as it demonstrates a reluctance by VC funds to commit resources to the digital-asset area,” JPMorgan’s analysts noted.
The Shiba Inu ecosystem has majorly thrived due to its vibrant online community. According to the company’s official website, the Shiba Inu online community has over 585k members. As such, the developers have been able to build several utility-based applications on Shiba Inu, including ShibaSwap and Shiba Incubator.
Shiba Inu has a market capitalisation of $7.4 billion and is projected to trade at around $0.00002881, 2.29X, with Dogecoin’s market capitalisation. The token is down approximately 86 percent from its ATH achieved last year.
As crypto regulations evolve globally, it is unclear where most regulators will place meme coins. As such, speculative investors are left to play with meme coins at each other’s expense.
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Ethereum Due For Major Crash ! Analyst Maps Potential Bottom Levels For ETH Price
This week has been excellent for the entire crypto market as the most dominant cryptocurrencies registered a significant gain in the price chart.
The crypto market made over 9% in return, pushing its market capitalization to the level of $1 trillion again. Some crypto assets made an overwhelming performance as Ethereum has surpassed its big brother Bitcoin in terms of ROI (return on investment).
However, Ethereum may soon bring some bearish woes as it can trade below $800 if it faces a strong rejection ahead.
A Strong Price Dip Coming?
A sudden surge in several crypto coins’ prices in the overall market bearish trend has confused investors in getting a clear trend path of Ethereum as ETH continues to make a high fluctuation in the price chart.
A prominent crypto analyst, CryptoCapo, predicts that Ethereum may soon witness a sharp downfall in the price chart as it recently faced rejection from a range of $1,600 to $1,650.
According to the analyst, Ethereum may make a slight upward retracement to $1,700, where ETH will likely face a strong rejection.
Ethereum may be projected to initiate a sharp bearish trend if it makes a long bearish candle at its key resistance of $1,700.
The analyst further noted that the ETH price might trade in a bottom range between $700-$800 by the beginning of December.
However, CryptoCapo gave some ray of hope to investors as Ethereum may become bullish by the end of December, reaching a price range of $1,150.
Ethereum Trades In Critical Zone!
Since the Ethereum Merge event, the selling pressure of Ethereum has declined as
Grayscale stated, “Without the constraint of miner sell pressure, ETH’s price is now potentially more exposed to larger positive movements.”
According to CoinMarketCap, ETH is currently trading at $1,560, with a downtrend of 0.73% from yesterday’s price.
Looking at the daily price chart, Ethereum made a bearish candle after facing rejection at $1,600 level and dropped to its current price level of $1,560.
ETH price tested its resistance at 61.8% Fib retracement level but failed to hold its price and dropped below 100-SMA (simple moving average).
Our technical analysis reveals that Ethereum may witness a slight upward trend before going for a bearish momentum as the RSI-14 trends at 62-level, indicating a bullish territory for Ethereum.
To elevate the current bullish trend, Ethereum needs to break its Bollinger band’s upper limit at $1,670 and hold its price above it. If this scenario plays out, Ethereum may move to its next resistance level of $1,760.
However, the above bullish analysis may fail if Ethereum drops more by market sentiments. The BoP (Balance of Power) indicator trades in a negative zone at 0.32, representing a bearish sign.
The Bollinger band’s lower limit is at $1,468, which is an immediate support level in the price chart. If this support level breaks, Ethereum may extend its bearish trend and again trade below $1,300.
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Bitcoin Major Spike On Cards, Analyst Maps Potential High Levels
A bullish start of the month! During the last week of October the global crypto market cap moved past $1 trillion and since then the bulls are trying its best to maintain the mark. During the same time period the world’s first cryptocurrency, Bitcoin regained its key level of $20,000 pushing other currencies like Ethereum, XRP, Solana, Cardano among others.
Currently, Bitcoin is trading at $20,628 after a surge of 0.61% in the last 24hrs and 6.74% over the last seven days. Immediate resistance lies around $20,650 and support is positioned at $20,550.
Now, as the flagship currency is finding some stability around the $20,000 level many industry experts expect more positive days ahead. Among such experts is an anonymous crypto analyst known as Moustache who makes use of the NVT (Network Value of Transactions) indicator and predicts big moves for Bitcoin. He says that as the King currency has surged nearly 450% in the last three years, there could be a massive green candle appearing soon.
NVT ratio is nothing but a ratio which lets us know the connection between asset’s market cap and transfer volumes. The present, NVT Signal (NVTS) is an upgraded version of NVT Ratio which makes use of the 90-day moving average (MA) of daily transfer volume instead of only daily transfer volume.
Bitcoin Price At $30K In 2023
Previously, Moustache had claimed that Bitcoin will hit $30,000 in 2023 and this prediction was given using The Wyckoff Method analysis.
On the other hand, another anonymous crypto analyst, PlanB is of the opinion that Bitcoin will see a massive bull run in the month of November.
Also as per Dan Lim, CryptoQuant analyst asserts that as Bitcoin’s supply between one month and three months is slightly declining, Bitcoin whales seem to be hodling.
Now, if Bitcoin maintains the $20,000 range and manages to reclaim $30,000, the currency will definitely see a massive price surge.