The Across Protocol (ACX) will be launched on MEXC on November 28
On November 28, MEXC Global Exchange will open and launch the Across Protocol (ACX) and ACX/USDT transactions.
Across Protocol is built on UMA’s Optimistic oracle machine, which supports cross-chain round-trip transactions from Ethereum L1 to Ethereum L2. It combines Optimism oracles, repeaters, and single-sided liquidity pools to provide decentralized instant transactions between chains. The ACX currently supports networks such as Ethereum, Arbitrum, Optimism, and Polygon.
Across Protocol allows users to borrow liquidity from decentralized repeaters to transfer tokens between different chains (layers) instantly and with low fees. Repeaters can pre-fund users for instant transfers between chains. In return for providing this service, repeaters can choose on-chain compensation from a single liquidity pool on the Ethereum network.
The following is a list of the supported tokens for each of the chains that ACX supports. In order to cross tokens from one chain to another, the token being crossed must be supported on both chains.
Across Protocol has currently integrated Ethereum Mainnet, Arbitrum, Optimism, and Polygon networks, and supports cross-chain transfers of ETH/WETH, WBTC, DAI, USDC, BOBA, BADGER, BALANCER, and UMA.
$ACX is the original asset issued by Across Protocol, with a total supply of 1 billion pieces. It will be issued on November 28. The wallet addresses or ecosystem contributors who participated in Across cross-chain activities can get ACX airdrops. The total airdrop is 10 million pieces. Recently, Across Protocol received financing of $10 million at a valuation of $200 million, and Hack VC, Placeholder, and Blockchain Capital participated in the investment.
MEXC is the world’s leading cryptocurrency exchange, providing one-stop services such as contracts, spot, ETF, NFT Index, etc., serving 10 million users worldwide with the philosophy of “User First, Change for You.” Currently, MEXC supports spot transactions of more than 1,700 tokens, contract transactions of more than 170 tokens, and ETF transactions of more than 350 tokens.
MEXC is the exchange with the best liquidity, the most abundant trading pairs, and the fastest launch of popular projects. From UNI, DYDX to APE, and from OP, APT to ACX, these assets are all forstl listed on MEXC.
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Ahead of Bitcoin’s $1.14 Billion Options Expiry on November 25, Here’s What You Should Know
Leveraged bulls seem to be unprepared for Bitcoin’s $1.14 billion monthly options expiring on November 25. The month-end options expiration for Bitcoin is scheduled tomorrow at 8:00 AM UTC and $1.14 billion worth of bitcoin will expire. Data from Coinglass showed that traders were still split, with the difference between bullish and bearish bets being relatively small.
When Bitcoin tested the $15,500 support on November 20, it experienced a loss of more than 7%. Despite how minor the correction may appear, it resulted in $230 million worth of future liquidations. Since November 11, Bitcoin has not recorded a daily close of over $17,000. This could, however, benefit the bears despite the 6% rally from the $15,500 bottom.
Important levels, scenarios, and bets
The psychological levels of $16k, $17k, and $18k appeared to be the most attractive to traders. At precisely 16k, put OI was at 3.3k BTC, favoring bulls, while call OI was at 1.06k BTC.
While most bullish bets are focused on upward targets, most bearish bets are placed at lower strike prices. The placement of bearish bets was somewhat higher than that of bullish bets at a $17k strike price, as shown below. This crude calculation includes both put and call options, which are only utilized in neutral to bearish trades and bullish wagers, respectively.
Because calls have an advantage, the loss would be minimal if Bitcoin hovers around $16.5k. However, if Bitcoin trades at $16k or $17k, it will probably give in to the pressure from the put traders.
There’s a chance the expiry won’t happen
The amount of calls and puts at $18k was mostly identical (2.67k vs. 2.38k BTC). Therefore, if the price stays at the specified level, the expiry may not even occur because the at-par bullish and bearish bets will ultimately cancel each other out. The chances of this scenario coming to play are low given the adverse market conditions.
These are the Potential Targets for Bitcoin & Altcoins For November 2022
The crypto market trends have again turned extremely bearish as the Bitcoin price has slipped below the crucial support zone. Meanwhile, the bulls have managed to hold the prices at these levels, but an extreme bearish push may drag the price lower. The other altcoins have also been impacted in a similar way and are experiencing significant upward pressure.
Ethereum’s price is closer to losing $1000, while Cardano’s price may drop below $0.3. Dogecoin is yet again approaching its crucial support zone close to $0.07, and the Polygon price is closer to slicing through the pivotal zone around $0.75. The entire market situation points towards assets heading towards the bottom of the current capitulation phase.
Therefore, a well-known analyst anonymously called il capo of crypto 
il capo of crypto cryptocapo TraderMarket Analyst 
shared the bottom of Bitcoin and other altcoins.
As per the analyst, the BTC price may mark its bottom between $12K to $14K and as per the fresh fallouts, the price flashed significant bearish signals. Meanwhile, ETH, as mentioned, is closer to dropping to a 3-digit figure, and forms new bottoms around $600 to $650. The most interesting forecast is for the FTX (FTT) token which is trading around $1.27 and is speculated to trade at around $0.000001.
Collectively, bearish clouds are expected to prevail for a long as the indicators are extremely negative at the moment. While the bulls always jump in to accumulate at the bottoms, a notable rebound may be expected as the prices reach their respective lows.
Tron, Avax, Chainlink Price Predictions November 2022
What is Tron?
Tron is a blockchain-based platform for digital entertainment applications. It was launched in 2018 and it has since grown to become one of the most popular blockchain networks in the world. Its native token, TRX, is used for transactions within the Tron network.
What is TRX used for?
TRX is used to pay transaction fees and enable application developers to access the network. Additionally, it can be used as a form of digital currency to make payments directly between users.
What is the predicted price for Tron this November 2022?
At the moment, predictions on the price of Tron in November 2022 vary widely, but some experts suggest it may reach $0.30 or higher by then.
Can the predicted price for Tron this November 2022 decrease?
The predicted price for Tron may decrease due to various factors such as a bearish market condition or increased competition in the blockchain space. However, Tron is expected to remain a strong contender in the blockchain industry and its value should remain relatively stable over time.
What is the lowest predicted price for Tron this November 2022?
The lowest predicted price for Tron this November 2022 is around $0.10, though this may change depending on external factors such as market conditions and competition.
What is Avax?
Avax is a public blockchain platform designed to enable developers and users to quickly build decentralized applications (dApps). Its native token, AVAX, is used for transactions within the Avax network.
What is Avax used for?
AVAX is used to pay transaction fees and enable application developers to access the network. Additionally, similar to TRX, it can also be used as a form of digital currency to make payments directly between users if they agree to trade.
What is the predicted price of Avax this November 2022?
At the moment, predictions on the price of Avax in November 2022 vary widely, but some experts suggest it may reach $2 or higher by then. Some factors that could lead to an increase in the price of Avax include: strong developer interest, increasing adoption by users, and bullish market conditions.
Can Avax decrease in price this November 2022?
The predicted price of Avax may decrease due to various factors such as a bearish market condition or increased competition in the blockchain space. However, Avax is expected to remain a strong contender in the blockchain industry and its value should remain relatively stable over time.
What is the lowest predicted price for Avax this November 2022?
The lowest predicted price for Avax this November 2022 is around $0.50, though this may change depending on external factors such as market conditions and competition. FTX’s collapse did not have an immediate impact on the price of Avax. However, it is important to note that the cryptocurrency market is highly volatile and unpredictable, so any large event such as FTX’s collapse can cause fluctuations in asset prices. As a result, investors should always exercise caution when investing in the cryptocurrency markets
What is Chainlink?
Chainlink is a decentralized oracle network that connects smart contracts to real-world data sources and external APIs. It enables developers to feed off-chain data into their blockchain applications, allowing them to interact with the outside world in a secure manner. The native token of the Chainlink network is LINK, which is used for payments within the system.
What is LINK by Chainlink used for?
LINK is used to pay for services within the Chainlink network, as well as rewards node operators who provide data and compute resources. Additionally, users can buy and trade LINK tokens on exchanges in order to store value or speculate on their future prices.
What is the predicted price of Chainlink’s LINK this November 2022?
At the moment, predictions on the price of Chainlink’s LINK in November 2022 vary widely, but some experts suggest it may reach $20 or higher by then. Factors that could lead to an increase in the price of LINK include strong developer interest, increasing adoption by users, and bullish market conditions.
Can Chainlink decrease in price?
Chainlink’s value may drop because of several reasons, including a bearish market or more competition in the blockchain industry. Even so, Chainlink is still predicted to do well compared to other blockchains and should stay somewhat stable over time.
It is difficult to say whether LINK is a good investment or not. Before investing in any asset, it is important to understand the risks involved and thoroughly research the cryptocurrency market. Additionally, investors should always diversify their investments to minimize risk. Ultimately, only individual investors can decide if they believe LINK is a good investment for them.
What is the lowest predicted price for Chainlink?
Predicted prices for Chainlink’s LINK this November range from around $7, though these numbers are subject to change depending on market conditions and the level of competition at that time. Keep in mind that cryptocurrency values can be quite volatile, so anyone thinking about investing should do their research and understand the risks involved before making any decisions.
Diversify your portfolio with the coin that’s set to moon for sure this November 2022
Now is an excellent time to invest in Toon Finance Token because the project is progressing rapidly through its ICO stages, and the token will be worth much more when it launches in 2023. According to multiple analysts, market conditions are expected to be bullish by January, so this is the perfect time to launch.
Diversifying your portfolio with a possible x1000 token is something that must be considered by any serious investor that wants to increase their earning. While we do not and have not provided any financial advise, it costs nothing to go to their website and take a look at what could possibly be the DEX that battle it out with Binance.
Website: https://toon.finance/
Presale: https://buy.toon.finance/
CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/
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El Salvador To Buy Daily One Bitcoin From November 18th
The post El Salvador To Buy Daily One Bitcoin From November 18th appeared first on Coinpedia Fintech News
Amidst the crypto crisis and Bitcoin losing its key level, El Salvador’s Nayib Bukele seems to be all set to purchase Bitcoin yet again. The President announced that they will recommence Bitcoin accumulation where they will buy one Bitcoin each day, commencing from Nov 18. However, the details on how long the country will proceed with this plan is yet to be revealed.
El Salvador became the first country to use Bitcoin as a legal tender starting on September 7, 2021. Until now, it has accumulated nearly $375 million worth of Bitcoin. Nayib Bukele has been one of the biggest supporters of Bitcoin and has stood against the warnings received by the IMF and World Bank.
Best Cryptocurrencies For November 2022
By every metric, cryptocurrency has had a very turbulent year. In fact, things were so bad in the summer that some investment analysts and journalists were openly speculating as to whether the entire cryptocurrency sector was finished for good. That may seem extreme but, the fact is, the Terra/LUNA disaster back in April 2022 caused such serious repercussions across the market that even Bitcoin appeared to be melting down. However, while damage has undoubtedly been done, the crypto market is still here and, slowly but surely, repairing itself. Going forward, here are the best cryptocurrencies in which to invest this November, Polkadot (DOT) and Orbeon (ORBN), a project surrounded with significant investor attention that is expected to rise to $0.24 by the end of presale.
Polkadot (DOT) has strong fundamentals
Polkadot (DOT) was founded in 2016 by Gavin Wood who was one of the principal founders of Ethereum and, consequently, something like ‘crypto royalty’. Polkadot boasts a one-of-a-kind blockchain interoperability protocol that was designed to link different blockchains together. Furthermore, it also allows data exchange and processing transactions to be run along parallel blockchains without any sacrifice in security. Developers can also use the Polkadot security to develop their own blockchains. Polkadot’s native token, DOT, has no hard limit on its total supply, so new Polkadot tokens are constantly in circulation and ‘burning’ is unnecessary.
Back in May 2020, the price of Polkadot (DOT) was just $6.30. By May of 2021, that price had soared to $55.11. The sheer utility of Polkadot makes it a firm favourite with users and that means that there is plenty of scope for the price of Polkadot to rise before the end of this year.
Orbeon (ORBN) is setting new standards
Orbeon protocol is not just another token. It’s actually an investment platform that has been cleverly designed to revolutionise the crowdfunding industry and bring it into the crypto space. Because of Orbeon, anyone can have the opportunity to invest in exciting and innovative early-stage businesses and these businesses will in turn be able to raise capital quickly and more efficiently whilst simultaneously building a community.
If a company wants to raise capital or launch a funding round, Orbeon Protocol will mint an NFT for that company and then fractionalize that NFT so that Orbeon Protocol users can invest by purchasing small fractions of that NFT for as low as $1.
So Orbeon solves problems for both businesses and investors. Start-up and dynamic businesses that need capital to grow are often stymied by regulatory barriers and cynical middlemen. Orbeon makes it possible for them to appeal to investors directly through the platform quickly and cheaply.
The problems investors have traditionally faced are a lack of access to the best investment opportunities which have, hitherto, been the preserve of big players and institutions. Additionally, they are vulnerable to scams whereby businesses fail to raise the required amount of capital and, hence, don’t launch. This often means that smaller investors just lose their money. However, the Orbeon platform includes a “fill or kill” mechanism that automatically refunds investors if fundraising targets are not met.
The Orbeon token, ORBN, grants holders numerous benefits in the Orbeon ecosystem including staking bonuses and governance rights. ORBN is currently in presale and trading at just $0.004. But the prospect of this unique project is so appealing to investors that analysts predict a value increase of 6,000% by the end of the presale early next year.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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Altcoin Season By Mid November? Analyst Maps Month End Targets For Top Cryptos
The global crypto market capitalization’s turmoil near the $1 trillion mark has plummeted the crypto portfolios of investors and now continues to pressurize traders amid the crypto winter.
Despite undergoing several jolts, including CPI data and US stock market correlation, the prolonged crypto winter now seems to bring smiles to crypto users as the market is all set to show its wrapped version of a skyrocketing bull run in the upcoming months.
Crypto Prices Are Fuelling For A Bullish Comeback!
Leading cryptocurrencies of the market are gaining pace for a major bullish recovery as users and traders are now shifting their attention from the Fed’s recent interest rate hikes by 75 bps on 2 November.
According to a popular crypto analyst, Michael Van De Poppe, CEO and founder of Eight Global, significant digital assets like Bitcoin and Ethereum may touch immense highs in the next few months.
The analyst predicted the target price of specific cryptocurrencies as the market shows a bullish recovery despite the hawkish tone from the Fed’s decision to control the exponential rise of inflation. Here is what he predicts:
Bitcoin Price Analysis
Michael Van De Poppe is highly bullish on Bitcoin as he believes that Bitcoin may touch $30K soon. Looking at the daily price chart, Bitcoin has recorded a weekly high at $21,480 and is currently hovering around the EMA-100 trend line with a value of $21,237.
A breakout above its Bollinger band’s upper limit at $22.5K may take Bitcoin to its strong resistance level of $25K. The MACD line is also trading in a bullish region, supporting the current price movement.
However, the RSI-14 is trading at 64-level, indicating an overbought region. If Bitcoin makes a pullback from its current price level, it can again plunge below its crucial support level of $20K and head towards the price level of $18K.
Moreover, on-chain analyst firm, CryptoQuant, mentioned that the current Taker Buy Sell Ratio metric has dropped below 1, hinting at short positions formed by market bears. Bitcoin may have a sharp downward correction if this metric continues to decline.
Ethereum Price Analysis
Ethereum has been showing a significant upward bounce back as it made a breakout above its consolidated zone of $1,400. According to Michael, ETH price may spark considerable surges in the price chart and reach $2,500 in a few months.
Ethereum has been continuously building buying pressure in the last few days due to the upcoming ‘Shanghai’ upgrade. Ethereum is currently trading at $1,625 and showing signs of further bullish momentum as the SMA-14 surges to the level of 64.
If Ethereum breaks its EMA-200 line and trades above $1,750, it can soon surpass its previous highs and aim for $2,500.
Conversely, a price drop is expected if ETH falls below its immediate support level of $1,490. In that case, Ethereum may trade below its crucial support level of $1,300 and will take ample time to mark a recovery.
ChainLink Price Analysis
ChainLink is currently enjoying a massive pump in its price chart as it has made over a 35% jump in the last two weeks and is currently trading at $8.6.
Michael Van De Poppe predicted that LINK price might skyrocket by the end of 2022, and it can reach a maximum price level of $15.
The price fluctuations on the chart indicate more surges in LINK’s price. ChainLink has recently failed to break its resistance of EMA-200, trading at $9.05.
However, it is building another attempt to break $9. If the resistance level breaks, ChainLink can move toward its next target price of $12.15.
Conversely, a bearish trend may occur as the RSI-14 trades in an overbought region. A downside breakout at $7.6 may slump LINK hard below $6.58. Our technical analysis reveals a short-term bullish momentum for ChainLink before a downtrend.
BNB Price Analysis
Binance coin has been outperforming in recent trading sessions as it has added over 30% to its value since its upward journey. Michael predicts that Binance coin is going to bring a lucrative return as it may reach the short-term goal of $500.
Binance Coin has been pushed due to the current altcoins season, as multiple altcoins are paving their way to make a bullish recovery. BNB is currently trading at $350 and aiming for a breakout above the price of $402.
If BNB holds its price above $400, it can make an upswing and reach a resistance level of $458. The MACD line is forming an ascending pattern for BNB with the support of SMA-14.
However, the above bearish analysis may get invalidated if BNB makes a pullback and drops below its crucial support level of $314. If BNB’s price trades below $300, it can soon reach the bottom of its previous bearish trend at $260.
Zilliqa And Fantom Price Analysis
The analyst went on further and predicted that Zilliqa might reach a price of $0.1 and Fantom may trade in a maximum price range of $0.75 to $1. However, the target prices for ZIL and Fantom look so far as they show less volatility in the price chart compared to other altcoins.
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Summary Judgement May not Happen on November 15
The Ripple vs SEC case is becoming more and more interesting by the day, and the agency is attempting to push the case every day. In a recent update, the SEC asked the court to extend the deadlines for filing responses to the various briefs in order to seal the summary judgment. However, the agency’s action is expected to impede its effectiveness because the summary judgment may be delayed beyond November 15.
James K. Filan recently shared the new timelines requested by the SEC for the next proceedings. According to the latest update, the SEC has requested an extension from November 11 to November 30, and the new dates are in the works.
As a result of the delay in filing the response, the court may not produce the summary judgment within the time frame specified. Because so many people have joined the fight against the SEC, responding to each entity may take longer than expected. However, it was widely expected that the SEC would continue to postpone the case because it did not have any substantial evidence against Ripple.
Currently, more than 11 entities have filed amicus briefs in support of Ripple against the SEC, with many more expected to follow suit. As a result, the lawsuit is expected to be extended beyond November 15, as previously reported. As a result, the Ripple vs SEC case’s resolution may be delayed beyond 2022.
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Polygon’s Partnerships on Fire, How Will This Impact the MATIC Price in November 2022?
Polygon price has spiked remarkably since the past trading day and jumped beyond $1 to reach the high of $1.15 in the early trading hours. After registering a couple of notable collaborations in the recent past, the company has set the crypto space on fire with massive partnerships. Partnering with Reddit, JP Morgan, and Instagram has spiked the MATIC price by nearly 40% in the past 24 hours.
The MATIC price broke out of the downtrend line that it maintained from the time it faced rejection at the beginning of 2022. Presently, the price has risen beyond the loss-making areas and hence a significant upswing may make a way out.
The price as mentioned in the above chart is moving above the downtrend line, surpassing T1, T2, T3 & T4 at $0.98, $1.04, and $1.21. After moving above the crucial resistance at $1.04, the price broke above the bullish ascending pennant and is primed to reach $1.2 in a very short while from now.
MATIC’s volume trends have broken out in the lower time frame, making it a favorite token among whales. The platform saw a surge in whale transactions worth more than $100K, the most since February 2022. It is also worth noting that the mid-October spike was fueled by whales, and as a result, the MATIC price has risen significantly in the last few hours.
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Litecoin(LTC) Price at the Foothill of a Massive Explosion, May Reach $100 This November 2022
Litecoin’s price surprised the entire crypto space with a sudden jump fueled by the recent collaboration with MoneyGram. The popular P2P cross-border payment platform now enables the buying, selling, & trading of Litecoin along with other popular crypto assets. The LTC price surged by more than 15% to test the crucial resistance levels.
With the recent advancement, the LTC price appears to have formed a pre-halving bottom structure & hence due for a massive breakout.
The weekly RSI of the token has entered the oversold zone with the MACD crossover below the zero line. Each time the token marks the bottom, the price has rebounded finely. The LTC price rebounded and surged more than 36246% in 2015, while more than +1333% in 2019. Therefore, with a similar trend repeating at the moment, a similar upswing may be expected.
Secondly, the monthly RSI broke out of a downtrend while the price continues to test important levels. A successful breakout beyond these levels is expected to ignite a significant upswing that may prevail for a longer time frame ahead.
Another major factor hinting at the Litecoin bull rally is the rising dominance. The token recently broke the descending trend line it followed for nearly 2 years, indicating the end of a bearish trend. The dominance of the LTC price surged beyond 0.45%, indicating the resurgence of a bullish trend.
Litecoin appears to be poised for a significant breakout, as the indicators are quite bullish. Therefore, in the coming days, the bulls are expected to uplift the price significantly, decoupling from the market trends, and bringing it close to the initial target of around $100.
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Uniglo.io Confirms a Massive Token Burn Prior To Launch In November
Token burns are hugely important in the crypto world. They help prevent deflation and increase scarcity, making them dramatically different from regular fiat currencies in the current climate. Traditional fiat currencies like the dollar sold off their reserves long ago and can now be printed whenever necessary to help raise funds. But this printing of extra money devalues the already circulating dollars.
Crypto projects address this issue by implementing burns instead of minting more coins. Some do this alongside allowing mining or proof of stake protocols to help balance the creation of new tokens by destroying some existing ones. However, some crypto projects never print or mint any new tokens and continue to burn over time to make them more scarce over time. Uniglo makes the most of one of the most effective burn mechanisms ever seen in crypto.
Uniglo (GLO)
Uniglo’s burn mechanic is remarkable. It’s referred to as “ultra-burn.” With it, tokens are burned on every transaction, but the platform’s treasury repurchases more tokens to burn as well. So, even more tokens are burned with GLO than any other platform. The funds for these purchases are raised via a small sales tax, which is also used to buy assets for the GLO vault. With the GLO vault, even more deflationary credentials are offered to holders. Industry expert Jim Crypto has already selected Uniglo as one of the best new tokens in the space, so follow his advice and invest in it as soon as you can.
BNB Coin (BNB)
BNB is also a highly recommended token, but it offers different burn credentials than Uniglo. However, as an essential part of the Binance ecosystem, it still gives upsides for investors. There are a range of benefits on Binance if you hold BNB Coin, and it could have a strong future.
Shiba Inu (SHIB)
Shiba didn’t initially have strong burn credentials but has recently moved to distance itself from the claim that it’s just a meme coin by introducing a substantial new burn campaign. Holders will be rewarded with passive income gains in return for burning some of their tokens to shore up supply and prime SHIB for growth. The burn mechanics still aren’t as strong as Uniglo’s, but they’re a dramatic improvement on what SHIB used to offer.
Conclusion
SHIB and BNB don’t have the same burn credentials as Uniglo, but they still might be good investments. However, GLO has some of the strongest burn mechanics ever seen in crypto and is primed for strong growth over the next few months.
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Hashflow (HFT) Announces The List on Cryptocurrency Trading Platform MEXC and Binance on November 7
MEXC Global will list Hashflow on November 7, 13:00(UTC) with Binance together, and users will be able to trade their native token HFT(HFT/USDT). Meanwhile, MEXC has launched a deposit competition for HFT, and the total prize pool is 5000MX.
Hashflow (HFT) is a decentralized exchange that supports cross-chain interoperability. It can link users with professional market makers and aims to provide zero slippage, low GAS fee, and MEV-protected trading experience. Currently, Hashflow has supported public chains such as Ethereum, Avalanche, Polygon, Arbitrum, Optimism, and BNB.
The core advantages of Hashflow include zero slippage, no impermanent loss, bridgeless cross-chain swaps, and MEV(Miner Extractable Value)-resistance.
Hashflow adopts the request-for-quote (RFQ) model to allow professional market makers to manage liquidity pools, which differs from AMMs that generate high slippage during transactions. RFQ includes off-chain pricing functions and on-chain settlement. Professional market makers can bridge CeFi prices with DeFi through Hashflow and do this in a trustless and easy-to-use way. Meanwhile, users can get the same price on DeFi as they see on MEXC.
Hashflow enables the native-to-native swap function where users no longer need to rely on cross-chain bridges prone to problems. It should be noted that Hashflow does not rely on external bridges or require users to escrow their assets on the source chain to mint a bridged asset on the destination chain.
According to public information, Hashflow has raised funding of $3.2 million, and the investors include Dragonfly Capital, Electric Capital, Alameda Research, Metastable Capital, Galaxy Digital, etc.
According to public information, MEXC, established on April 2018, is one of the world’s Top 10 cryptocurrency trading platforms. The core products include spot trading, leveraged ETF, futures, NFT Index, Staking, etc. As of September 2022, the platform has exceeded 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. In addition to supporting more than 160 cryptocurrency futures trading, it also supports more than 1,600 cryptocurrency spot tradings and more than 400 cryptocurrency ETF tradings. MEXC is the trading platform with the fastest listing speed and the most abundant trading assets.
According to M-Research, among the top 10 cryptocurrencies in 2021, MEXC listed the top five: SHIB, GALA, FTM, and MANA. From 2019, nearly 100 other projects, including public chain, DeFi, GameFi, Layer2, Metaverse, DAO, Meme sectors, etc., such as DOT, OP, UNI, APT, GLMR, etc., have been listed on Binance successively. MEXC is ‘the first stop for quality projects.’
As of October 27, among MEXC’s 2022 debut projects, 150 projects have increased by more than 10%. Among them, 65 projects have an increase of 10%-100%, 86 projects have an increase of more than 100%, and the highest increase of a single project is between 166% and 479,900%.
Contact:
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Name: Jenny Sun
Email: [email protected]
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Altcoins To Pump Hard in November! While Bitcoin (BTC) Price Expected to Trade Sideways
The crypto market is waiting for an altcoin season bull run, just like leading digital assets, including Bitcoin, Ethereum etc. This year has brought the worst for altcoins, as the most dominant ones are trading at the bottom of the price chart.
However, a slight upward bounce back is possible if the crypto market flows with positive sentiments. According to an analysis, altcoins may pump hard in November and touch extreme highs in the price chart.
Altcoin Gang To Dominate Moonvember!
October has been the most excellent month for the entire crypto space as it pushed the crypto market from the mud of its prolonged bearish trend.
Leading assets of the market have shown a promising upward jump while altcoins remained in a consolidated zone and waiting for an initial pump.
A prominent crypto analyst, Mac, predicts that altcoins may start their domination in November as the upward rally is now being led by Dogecoin, while Bitcoin may trade in a sideways range.
TORN Price Analysis:
TORN is currently trading at $6.13 with an uptrend of 0.7%. TORN may witness a short-term pump in November, as indicated by the analyst. According to Mac, TORN already made an upward move to $9 due to liquidity, and this price level is not occurring again anytime soon in the short term as TORN may register new lows. However, it may provide excellent buying opportunities if a pump happens in the price chart.
Our technical analysis reveals that TORN may witness a short-term pump soon as the RSI-14 trades in a bullish zone at 48-level. To register an initial bullish rally, TORN needs to break its EMA-50-line, trending at $7.23. Conversely, the bullish analysis may fail if TORN drops below the Bollinger band’s lower limit at $4.77.
ChainLink Price Analysis:
ChainLink has already been making a significant gain in the last 24 hours as it registers an uptrend of 6% with a current value of $8.03. Mac mentioned that ChainLink was trading in a range-bound area near the weekly 7 SMMA line. LINK price may spike if it crosses its daily 200-day MA line, which is at $9.1.
Looking at the daily price chart, ChainLink rose over 22% in the last three days and continues to trade higher. The RSI-14 trades at 63-level, hinting at an immediate bullish momentum which may continue further. However, it may face a rejection above $9 and make a minor downward retracement near its fundamental support level at $7.3.
Algorand Price Analysis:
Mac analyzed that Algorand may also continue the same price movement as ChainLink as it made multiple lows with a long-consolidated range near the weekly 7 SMMA line. To initiate a short-term pump in the price chart, ALGO needs to break its daily 200-day MA line at $0.45.
Algorand trades at $0.35 with an uptrend of 1.45% in the last 24 hours. Our technical analysis states that a bullish momentum may soon occur if Algorand breaks its initial resistance level at $0.41 and maintains its price above it. However, a downfall may initiate if ALGO drops below its support level at $0.28.
RUNE Price Analysis:
Mac noted that RUNE might reach the weekly 7 SMMA line level, which the majority of altcoins may attain soon. According to him, the wider the gap between the current price level and the weekly 7 SMMA line, the better and more stable the pump in the price chart. He further said that RUNE needs to continue its consolidated range without hitting its lows, resulting in a better upward move further.
RUNE is trading at $1.56, with a rise of 0.66% from yesterday’s price. Looking at the daily price chart, RUNE needs to break its price level at $2.9 to initiate a smooth bull run. The RSI indicator is also supporting the current price movement of RUNE as it trades at 52-level. However, a price drop is expected if RUNE changes its mood and heads towards its support level at $1.2.
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Bitcoin (BTC) Might Surge 40% In November, If This Historical Scenario Plays-out
The global cryptocurrency market has stabilized during the past 24 hours after a few turbulent days, with a 0.58% increase in the market capitalization of all cryptocurrencies.
On Monday, the price of bitcoin held steady despite a decline in US markets. The price of bitcoin was $20,700, which was a little less than the peak of approximately 21,090 reached the previous week.
A cryptocurrency analyst has issued a warning to Bitcoin owners, saying that the recent BTC rise may have been the last leg up before a more significant corrective move.
According to a new strategy session by analyst DonAlt, if BTC bulls fail to maintain the present rise, Bitcoin’s support near the $18,000 mark, which has held the king cryptocurrency reasonably constant since June, would probably not hold.
“So basically, if you’re bullish, you’re going to have to pray that this resistance ($21,000) goes. You have to break it. If you’re bearish, if you sold into resistance, you have a pretty neat entry, and you can bet on basically [a] breakdown just based on the fact that we’ve had for once had a little bit of an impulse [rally].”
The analyst argues that even if a potential correction may be approaching, BTC bulls still have the power to dismiss his analysis and spark a 40% rally for the leading cryptocurrency.
He said that the target is quite high. One can therefore aim for $29,000 if this breakthrough holds.
After staging a significant return, the price of BTC has been in a consolidation period for the past few days. It continues to be marginally above the significant psychological threshold of $20,000 as well as the 25- and 50-day moving averages. Only time will tell if Bitcoin has finally changed direction.
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Not Bitcoin or Ethereum, These Altcoins May Dominate in November!
The crypto markets remain stagnant as bears restrict at resistance levels and bulls keep assets above support levels. Bitcoin, on the other hand, continues to trade around $19,000, causing the entire crypto space to remain primarily consolidated. Meanwhile, some altcoins have maintained a significant ascending trend and are expected to coil up hard as their market cap approaches a critical juncture.
The altcoin market cap is about to recover from its recent lows. Furthermore, a notable upswing may accomplish with a double-bottom pattern. By the middle of November, the market cap may have reached the pattern’s neckline. If the bulls increase their activity at these levels, the market cap could break through the resistance and reach $1 trillion, quickly surpassing $800 billion.
Tron(TRX)
The Tron price remained stable throughout 2022. The altcoin has maintained a notable price action and appears to have a strong chance of regaining the lost levels very soon. TRX has been fairly bullish over the last 30 days, trading above local support. Once the bearish clouds lift, the price is expected to rise by 15% in the coming weeks and surpass $0.07.
Polygon(MATIC)
The Polygon price has been trading in an ascending trend ever since the price dropped hard to mark new lows around $0.3 from $3. However, amid hefty bearish influence, the MATIC price maintains a decent upswing and is expected to regain levels above $1 very soon. The altcoin has registered double-digit growth in the past week which may keep up the bullish momentum in the upcoming months.
Ripple (XRP)
The ripple price has plummeted recently as it has returned to the demand zone. Despite the bearish influence, market sentiment for the asset is expected to improve as the Ripple vs SEC case nears completion in the coming months. The XRPArmy is extremely bullish on the altcoin, believing that the decision will be rendered in favor of the company. As a result, a significant upswing is possible in the coming months.
BinanceCoin(BNB)
BinanceCoin has been accumulating strength largely as the asset has been largely bullish from quite a long time. The altcoin has been cemented within the top 5 cryptos competing with that the market cap of USDCoin. Therefore, in the coming days, the BNB price is expected to initially regain $300 levels, which may further ignite a significant upswing towards $500 until the end of the yearly trade.
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Bitcoin Crash Alert! BTC Price to Hit New Lows in November If This Scenario Plays Out
The bloodbath of the cryptocurrency market continues to flow due to the meltdown of crypto market capitalization and worst-than-expected inflation data despite the Federal Reserve’s efforts to minimize it.
Bitcoin investors are waiting for a new catalyst as the crypto king has been trading in a range-bound area since last week. However, according to the all-time price chart of Bitcoin, it now seems that Bitcoin may fall to 11K as it forms a similar pattern before crashing to $3.2K in 2018.
BTC Price To Plunge Below $11K Following 2018’s Pattern!
Looking at Bitcoin’s all-time price graph, BTC is forming a consolidation level at $19,500. This formation of BTC is similar to 2018’s price graph, as BTC built a range-bound zone near $11,400 before crashing to $3,200 during that year.
Therefore, it can be concluded that Bitcoin’s death dance is not yet over, as Bitcoin may fall to $11K following 2018’s graph formation. The graph further indicates that Bitcoin may start its bullish phase after reaching the bottom line by the end of next month. Bitcoin may be projected to touch a high of $40.4K by the end of the first half of 2023.
The crypto market capitalization is also following 2015’s bear market, as LMACD made the same breakouts in 2015 and 2019 before initiating an upward trend. If the same applies to the current crypto winter, investors can definitely witness a bullish phase of the crypto market in 2023.
CPI Data Becomes A Catalyst For Bitcoin’s Volatility
The world has been moved due to an exponential inflation rise, and so has the cryptocurrency market. The latest CPI data has left a profound impact on cryptocurrency prices as the inflation data touched highs in the last four decades. To dominate the inflation rate, the FED implemented additional interest rates to which the crypto’s market reaction is not mesmerizing.
According to CoinMarketCap, BTC is currently trading at $19,700 with an uptrend of nearly 4%. It is to be mentioned that investors used the CPI data to manipulate Bitcoin price, as Bitcoin made a low of $18,190 yesterday. Bitcoin gained nearly $2K in just a day, which indicates a deep price manipulation.
However, Bitcoin price is now again moving towards its primary resistance level of $20K, and if it holds above this level, we can see an upward move to the next immediate resistance level of $22K, where the EMA-100 is currently trading. EMA-20 and EMA-50 are presently in an upward motion, and EMA-50 is trading near the $20K level, hinting at a short-term recovery.
Conversely, the Bollinger band’s lower limit still remains at $18K, and below this level, Bitcoin price may plunge to its critical support level of $17,500. The RSI-14 is trading below the 50-level, which indicates that the current positive momentum of Bitcoin is short-term as BTC price may soon follow its previous trends and end up this year with bearish woes.
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These Cryptocurrencies Will Have Major Impact in the Month of November – Know Why?
The 2022 G20 summit will be the 17th meeting of the Group of Twenty and is scheduled to take place in Bali, Indonesia, on 15-16th November 2022.
Several countries will participate in the Summit. Due to growing crypto scams and hacks in the market, the idea is to regulate cryptocurrencies; however, this is easier said than done, as decentralization remains an integral characteristic of crypto.
Going against the nature of digital assets can prove to be challenging. Still, several groups and countries are working on regulating the crypto market and bringing stricter taxation rules. The rules aim to report tax information on crypto transactions in a standardized manner.
A report containing the rules and commentary of the Crypto-Asset Reporting Framework (CARF) and Amendments to the Common Reporting Standard has been prepared and is being reviewed by the experts. These regulations will impact the top cryptocurrency projects the most, and thus, the future of the crypto industry is still unforeseeable.
As blockchain technology is at the roots of crypto, the adoption of a regulated market does not seem to excite investors.
Bitcoin, Shiba Inu, Dogecoin, Ethereum, Terra, Solana, and Ripple are among the major cryptocurrencies that can be affected due to the G20 Summit 2022 regulation. As BTC holds the highest market share and is arguably the most volatile, it is under the radar of regulation.
Coming to Shib and Dodge, these highly volatile meme coins first rose during the bull market last year and then lost most of their value in 2022.
ETH, the second most valuable coin, lost its value just after the Merge, as it failed to yield the expected results. Now, Regulators are closely keeping an eye on this cryptocurrency and are hinting at regulatory measures for it.
With regard to Ripple, regulators are keeping a close watch on the coin as it still continues to be the most trending currency due to its massive fan following and huge community network.
The list also includes Apecoin, Steller and Decentraland on which regulators could be looking to tighten the screws.
The catastrophic effect of the Terra Network’s collapse shocked the entire crypto space, and is one of the major reasons why regulation is being called upon.
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Breaking! Ripple vs SEC Settlement Could Happen On or Before November 15, 2022!
The ongoing Ripple vs SEC lawsuit has recently received a lot of attention, as the case is expected to be resolved in the coming months. While the SEC has no new evidence against the company, it is assumed that they will not attempt to file new motions to delay the case.
Ripple, on the other hand, is ready for a settlement if the claim that XRP is a security is dropped. Hence one can expect a closure around the second anniversary of the lawsuit.
Recently, Judge Torres overruled the SEC’s objections to turning over the Hinman email where-in he expressed his views on Ethereum. Jeremy Hogan, partner at Hogan & Hogan legal briefs & attorney closely following the lawsuit believes that the delay, due to Hinman’s documents may certainly not affect the judgement that may be ruled in time.
Attorney Hogan in a series of threads clears the misconception which was hovering around the due date for the SEC to file the reconsideration. He believes, SEC has another 60 days from the date of the ruling which is September 30th, if it wishes to file a reconsideration. However, he hopes the SEC may not appeal.
However, he also states that Hinman’s documents are not relevant to the core of the lawsuit, Section 5 violation, which is whether XRP is a security or not. It may be only relevant to the Fair Notice Defense, on which the summary judgement has been requested by the SEC & not Ripple.
Further, in responding to the query whether there is a chance of a settlement before November 15, the Attorney was affirmative.
Collectively, the Ripple vs SEC lawsuit is believed to reach closure in the coming days, with the SEC ruling in favour of Ripple. However, the SEC may continue with its attempts, while Ripple may prove in a court of law that XRP is not a security.