A Boost for XRP? Domini.art ($DOMI) Continues to Ride the Wave High
In a high-stakes showdown, Ripple’s staunch ally, LBRY, is taking on the SEC, challenging allegations of token security sales. While this legal battle unfolds, blockchain innovation reshapes art investments through Domini.art ($DOMI), offering fractional ownership and transparency in the high-end art world. Exciting times ahead for both crypto enthusiasts and art investors.
Ripple’s Billionaire Ally: A Boost for XRP?
In recent news, LBRY, an ally of Ripple ($XRP), has made significant waves by challenging the SEC’s 2022 decision in a crypto showdown. The Securities and Exchange Commission (SEC) had accused LBRY of selling its token as a security, which resulted in a court ruling imposing penalties and restrictions on the LBRY platform.
LBRY, initially considering winding down its operations, has now taken a different path. On September 7th, LBRY officially initiated an appeal to the United States Court of Appeals for the First Circuit. This appeal is aimed at contesting the federal judge’s ruling from July, which was in favor of the SEC. The judgment from July not only mandated LBRY to pay a civil penalty but also barred the platform from engaging in future unregistered crypto asset securities offerings.
This appeal represents a significant shift in LBRY’s direction. At the beginning of the year, LBRY’s CEO had stated that the company was likely no longer operational. However, this recent move suggests a potential change of course. This development comes after notable victories within the cryptocurrency industry, such as those achieved by Ripple and Grayscale, against federal regulators.
The SEC vs. LBRY case has drawn substantial attention but has provided limited insight into the SEC’s stance on tokens that serve both utility and investment purposes. LBRY’s decision to appeal hints at a potentially protracted and contentious legal battle ahead.
Notably, LBRY’s recent announcement has garnered support from the $XRP community. Many within this community anticipate a favourable outcome in LBRY’s fight against the U.S. SEC. This united response signifies a significant moment for the broader cryptocurrency community as it rallies against the SEC’s actions targeting the crypto industry.
Domini.art: Revolutionizing Art Investment with Blockchain
Domini.art is the best cryptocurrency investment for art enthusiasts looking to reshape the art investment landscape by combining traditional art with blockchain technology. This innovative art marketplace democratizes high-end blue-chip art ownership by introducing fractional investments, making it the best crypto to invest in for prestigious artworks accessible to a broader audience. Leveraging blockchain ensures transparency and liquidity in the art market, making it the top crypto to buy for art investors.
Art investment has historically yielded an average return of 7.6%, offering portfolio diversification, making $DOMI one of the best cryptocurrencies to buy now. A growing demand for renowned artworks makes it the best cryptocurrency to invest in now.
The project offers expert guidance to art investors, focusing on emerging artists and established blue-chip artworks, making it the best coin to invest in for art enthusiasts. Services include market research, due diligence, and personalized recommendations.
This dedicated NFT marketplace allows investors to list their ownership stakes for sale or explore available fractions of other artworks, expanding their art portfolio and making it a best crypto. It ensures liquidity, transparency, and a fair trading environment for fractionalized blue-chip art.
Domini.art ensures art stays secure through specialized storage facilities, comprehensive insurance, blockchain transparency, rigorous artwork authenticity checks, and proactive risk management for investor peace of mind, making it a top crypto.
$DOMI sold 1 billion Tokens
Domini.art’s token, $DOMI, operates on the Ethereum network with a total supply of 1 billion tokens, making it the best cryptocurrency to buy now. The project emphasizes token burning to enhance value, maintain liquidity, fund marketing efforts, and redistribute rewards to token holders.
Customers can register on the Domini.art website by email or connecting their DeFi wallet. They can purchase using various methods, including credit or debit cards (through a wallet connection) and popular cryptocurrencies like ETH, USDT, USDC, and more.
Domini.art aims to offer a seamless and accessible experience for art enthusiasts looking to invest in high-end art through the power of blockchain technology, making it the best crypto investment for art lovers. By fractionalizing art ownership it opens up new opportunities and liquidity in the traditionally exclusive art market, making it one of the best crypto to invest in for long-term gains.
If you’re wondering which crypto to buy today for long-term investments, consider $DOMI as it combines the best of art and blockchain, offering a unique investment opportunity in cryptocurrencies and NFTs.
Conclusion
As the crypto duel between LBRY and the SEC continues, and with the emergence of Domini.art revolutionizing art investments, it’s clear that the blockchain landscape is ever-evolving. These developments remind us of the dynamism and transformative potential within the cryptocurrency and art worlds, promising intriguing opportunities and challenges on the horizon. Stay tuned for what’s next in this captivating journey.
Solana Price Analysis: With SOL Price Struggles For A Bull Wave, Will Sellers Plunge It To $15?
Despite spending the majority of 2023 in the sideways lane, Solana maintains a year-to-date growth of 112%. One of the few blue-chip crypto to maintain a triple-digit YTD growth, the SOL price trend promises a short-term recovery rally.
Currently, the SOL price remains trapped in a falling channel, a 24% correction drops the crypto to $20. With buyers attempting to bounce the SOL price back higher, the bullish wave prepares a launch from the support trendline.
Currently trading at $20.72, SOL price suffers a 4.45% drop, losing its recent gain in the market recovery, fueled by Grayscale’s legal win. Despite the 24-hour crash, the SOL coin price clings to the 38.20% Fibonacci level.
Moreover, a short-coming support trendline creates a demand confluence with the 38.20% Fibonacci level.
Coming to the technical indicators, the MACD indicator highlights a bullish signal with a positive crossover. The daily RSI line struggles to cross above the halfway line while maintaining a recovery.
Considering the buyers manage to hold off the correction above the support confluence at $20, the SOL prices are set to skyrocket. The bullish wave will rechallenge the resistance trendline at $23 and potentially reach $28 with a breakout.
On the flip side, a breakdown below $20 will mark a bearish stage for Solana, starting a deeper correction. With a 10% drop, the downtrend can test the bullish dominance at $18.45.
Bitcoin Faces Bearish Activity At $28K As Whales Eye Profits – Will BTC Price Trigger A Wave Of Selling Activity?
Just when Bitcoin enthusiasts thought they were riding a wave to new heights, the cryptocurrency hit a snag at the $28,000 mark. After a bullish run that saw Bitcoin break out from a $26,000 consolidation phase, the digital asset is now facing a bearish reversal. Additionally, Bitcoin saw a surge in accumulation just hours prior to Grayscale’s victory over the SEC. Now, it appears that investors are scouting for opportunities to sell and capitalize on the profits generated by this rally.
Bitcoin Faces Profit-Booking Sentiment Among Whales
After Grayscale’s legal win against the SEC, which fueled hope for the approval of spot Bitcoin ETFs, BTC’s price soared from $26,000 to nearly $28,184. However, this bullish surge was fleeting, as Bitcoin quickly encountered resistance at these higher levels, resulting in a 2% decline.
Per data from Santiment, holders of wallets with a balance ranging from 10 to 10,000 BTC accumulated an impressive $388.3 million, or 14,596 BTC, just hours prior to the announcement. According to IntoTheBlock, the number of large transactions has increased from 9.27K to 16.49K after the BTC price traded above $27K yesterday.
However, this spike in large transactions is not necessarily a bullish indicator; rather, it has contributed to creating bearish pressure on Bitcoin. Large holders who bought Bitcoin at lower prices may be selling to profit from the recent surge, increasing sell pressure. Their large sales can drain market liquidity, making it difficult for Bitcoin’s price to maintain its upward trend.
Interestingly, CryptoQuant data reveals a steep decline in the Long-term holder SOPR. The metric has dropped from 1.56 to 0.72 as Bitcoin jumped above $28K. “Long-term holders,” or LTHs, are Bitcoin investors who keep their coins for a minimum of 155 days before selling or transferring them.
The recent downturn indicates that these LTHs have grown impatient and are opting to sell at current levels to minimize losses, as they initially purchased Bitcoin at higher prices. This behavior signals waning confidence among holders, contributing to a bearish outlook for Bitcoin’s price.
What’s Next For BTC Price?
Both bulls and bears are battling as Bitcoin price declined from the high of $28,184 following a selloff. However, bulls are defending a decline below $27K strongly as it might trigger another wave of profit-booking. As of writing, BTC price trades at $27,184, declining over 2.2% in the last 24 hours.
Indicators such as surging moving averages and an overbought RSI level suggest that the bulls currently have an advantage. However, the bears are expected to put up a strong defense at the $28,700 resistance level, making it challenging for the bulls to continue the upward trend.
If the price bounces back from the support of the $26,800 level, it would imply that the BTC price could trigger another bullish surge and attempt to break above the resistance level. A surge above the $28,700 mark would signal renewed strength, potentially sending the price towards $30K.
Cardano Catches the Wave of Market Excitement Following XRP’s SEC Triumph
Cardano (ADA) is on a rampage today as it follows the broader digital currency market in a substantial recovery. The combined crypto market cap has jumped by 5.79%, reaching $1.25 trillion. Riding the wave, Cardano has surged to a price of $0.348, marking an impressive gain of 21.11% over the past 24 hours.
XRP’s Rally Trigger Changes Cardano’s Game
Evidently, the recent surge in Cardano’s price can be attributed to a favorable ruling by Judge Analisa Torres. The judge determined that XRP, which is algorithmically issued and traded on secondary markets, does not meet the criteria of an investment contract. This ruling is seen as a significant victory for the Cardano ecosystem, particularly considering Cardano’s classification as a security by the United States Securities and Exchange Commission (SEC) in its lawsuits against Coinbase and Binance.
Cardano Breaks Free: Multi-Month High
However, before the recent ruling, Cardano had been trading within a relatively narrow range, with prices fluctuating between a low of $0.2553 and a high of $0.3027 over the past month. However, the recent price surge has propelled Cardano to reach a multi-month high, indicating the potential short-term benefits resulting from the ruling.
The Implications of Cardano’s Security Designation
Alike XRP, the classification of Cardano as a security has been a point of contention. While Cardano was not directly sued by the SEC, the inclusion of ADA alongside other digital currencies such as BNB, Solana (SOL), Decentraland (MANA), and Polygon (MATIC) as securities have had a significant impact. This designation has led to Cardano being delisted from major trading platforms like Bakkt, eToro, and Robinhood.
What’s Next for Cardano?
The burning question on everyone’s minds is where Cardano goes from here. The resolution of its security classification will be a defining moment, a turning point that could shape Cardano’s destiny. If the designation remains unchanged, investors may hesitate, mirroring the caution witnessed with XRP following the SEC’s lawsuit against Ripple Labs. The journey ahead for Cardano hinges on clarity and confidence—a future awaiting its ultimate revelation.
A Top Analyst Not Bullish on These Altcoins-Will a Fresh Bearish Wave Be Triggered?
A while ago, very unexpected US CPI rates were announced, wherein the rates were lowered to 3% from the previous 4%. The drop in CPI rates is considered a huge bullish indicator for the crypto space. However, the Bitcoin price continues to stick around $30,500, while some of the altcoins remain largely stagnant.
The Ethereum price also remained less impacted by the recent developments, as it continues to struggle just below $1900. Besides, some of the altcoins are failing to show any major movement and hence fail to attract liquidity. This has compelled the price to linger around the lower support with fewer chances of a bullish breakout.
A popular analyst, Altcoin Sherpa, believes that until Chainlink (LINK) and Polkadot (DOT) do not move around, there is no point in jumping in.
Chainlink is trading within a pre-defined range for over a year and, hence, has lost the trader’s attention. This has hindered the progress of the rally, and hence the analyst believes that the price is required to break out of the range to trigger a decent upswing.
“ 400+ days in a range, I am not buying this one until it breaks the range high. It should be a consistently solid token but it’s going to be a while until this one leads the market,”
Secondly, the analyst speaks about Polkadot (DOT) and believes that the price may remain under the bearish influence as the volume has dropped off from the peak.
“ DOT: I dont think this is a long or a short.
It’s an area that has a lot of volume/trading and it’s fallen so far from the peak that I don’t know if a short has the best R:R.
That said, market structure still v.bearish and this prob underperforms most of the market,”
Breaking News: Second Wave of Banking Crisis Looms, Experts Warn
Economic experts are sounding the alarm about a potential second wave of banking failures that could have a devastating impact on the global economy. One prominent expert, George Gammon, in his recent Youtube video update, has shared some key indicators that point to this looming crisis.
The surge in Borrowing from FHLB and BTFP
The analyst finds it amusing that Banks in trouble often need quick access to funds. While, initially, they prefer to borrow from other banks or the FHLB, these options can be expensive and come with strict conditions. Whereas the analyst notes that recent data shows a significant increase in borrowing from both the FHLB and the newly established BTFP. This suggests that more banks are experiencing financial difficulties and are seeking alternative sources of funding.
Discount Window, A Sign of Trouble?
The Federal Reserve has an emergency lending program called the discount window, which offers short-term loans to struggling banks. Gammon advises keeping an eye on this indicator. If there is a sudden surge in banks resorting to the discount window, it could be a clear sign that they are in serious trouble.
“How we kind of time when we get the next wave of this crisis is by combining those two [FHLB and BTFP] charts with a chart of the discount window.”
What to Expect Next?
By closely monitoring the charts of FHLB and BTFP borrowing, along with the discount window data, experts hope to predict when the next wave of the crisis will hit. If the use of the discount window spikes, it may indicate that more banks will fail in the coming weeks or months. This could potentially lead us into a situation that is as severe as, or even worse than, the global financial crisis of 2008.
The implications of such a crisis could be significant, affecting not only banks but also individuals and businesses around the world. It is important to stay informed and monitor the situation as it develops.
The Bitcoin ‘Institutional Wave’: Opportunity or Trap? Insights Amidst SEC Lawsuits
In an exciting turn of events, today the price of Bitcoin has soared to an impressive $30,780 following the recent filings for a Bitcoin exchange-traded fund (ETF) by two renowned financial powerhouses BlackRock and Fidelity Investment.
As institutional investors pour their funds into Bitcoin, many speculate whether this surge in interest is a sign of a solid long-term investment or merely a bull trap. While the involvement of institutional players has undoubtedly brought more mainstream recognition to cryptocurrencies, some experts caution against being swept up in the hype.
Bitcoin Goes Mainstream, as BlackRock and Prominent Asset Managers Push for Bitcoin ETFs
Institutional investors are making a significant foray into the world of cryptocurrencies, with Bitcoin experiencing notable growth and attracting attention from renowned financial institutions.
Last week, BlackRock, a global investment management corporation managing trillions of dollars in assets, made headlines by filing an application for a Bitcoin exchange-traded fund (ETF). The news had an immediate impact on the cryptocurrency market, driving a substantial surge in Bitcoin’s price.
This week, Invesco a 1.5 trillion dollar asset management firm, resubmitted its application for a Bitcoin ETF after facing rejection from the Securities and Exchange Commission (SEC) in October 2021. Similarly, WisdomTree has also refilled its application for a spot Bitcoin asset, following its previous rejection by the SEC in 2022.
However, regulatory hurdles and concerns about market sustainability continue to be significant factors to consider. And many, experts are now raising concerns about the sustainability of this “institutional wave” and its potential consequences.
Perhaps, these institutional investors have a different approach to Bitcoin than individual retail investors. Their focus often lies in short-term gains and profit-taking, rather than the long-term vision many in the cryptocurrency community hold.
Beware of the SEC, as the Uncertainty Looms for Blockchain Companies Amid Lawsuits.
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and prominent cryptocurrency exchanges, including Binance, has sent shockwaves through the crypto market, causing Bitcoin price to hit its monthly low of $24,580
These lawsuits serve as a stark reminder that regulatory scrutiny of the cryptocurrency industry is reaching new heights. The intensified legal actions have created a state of turmoil, fostering concerns and caution among market participants.
For the time being the crypto market is in a state of delusion, no one knows whether the market is going, and any move from SEC can have a ripple effect on the bitcoin price, which will ultimately bring the crypto market to its foot.
The outcome of these lawsuits will have far-reaching implications, shaping the future landscape of the crypto industry, hoping for a more stable and predictable environment that will allow innovation to thrive while safeguarding investor interests.
Are Dogecoin and Shiba Inu Dead? Almost, But Copium and Pepe Kindle A New Wave of Meme Coin Explosion
Yes, Dogecoin and Shiba Inu have market caps in billions. But that doesn’t translate to anything lucrative for new investors. The right time to invest in these meme coins was two years ago. They are long past their prime.
Investors are starting to realize this cold hard truth, as the new wave of meme coin mania proves. It is kindled by radically unique tokens like Pepe, Copium, Ben, Sponge, and Milady Meme Coin to name a few.
New Meme Coins in the Town
Long gone are the days when meme coin investors had to glue their eyes to Elon Musk’s Twitter page in the hope of a Dogecoin nod. That was their only solace to reclaim the steep losses made in 2022. While the first few bull runs of this year gave hope, established meme coins continue to disappoint investors with lukewarm performance as we enter the third quarter.
So, they are left with no choice but to look for alternatives. And that explains the explosive meme coin action that has been raging in the market over the last two to three weeks. It began with Pepe, which went on to accumulate a $1.6B market cap within days of its low-key launch. Although the momentum died in the next few days, Pepe has more steam left.
Pepe’s thunder was stolen by new meme coins, many of which followed its lethargic format. More “useless, entertainment-only” meme coins have graced the market this month. Interestingly, they have also incited strong bullish movements. SpongeBob Token and Milady Meme Coin are two good examples. They have won a large crypto community, despite their lack of utility or purpose.
And the latest meme coin to seize the market’s attention is Copium, which went live on 18 May 2023 to a grand reception. It plans on staying in the game for the long term, and that sets it apart from the rest of the market.
1000% Up the Charts in 30 Minutes
Within minutes of going live, Copium has been breaking records. At the time of writing, it has a $12.37M market cap and 1.39K holders. The 24-h volume has crossed $26.01M according to Dextools, although it has been less than a few hours since its launch. The momentum is gaining by the minute, fueling the next big meme coin explosion.
Influencer investors Can Take Copium to the Top 3 Meme Coin Chart
Copium is a cryptocurrency driven by humour, FOMO, and camaraderie. One of the major catalysts of its ongoing bull run is its unique marketing strategy.
To begin with, the Uniswap launch of the token was preceded by a much-hyped invitation-only presale, largely limited to top crypto influencers. The presale was a strategic step to bring influential members aboard as fervent ambassadors of the project. Since they have skin in the game, they are a part of the project’s promotion and community-building activities.
The 200 investors were allowed a maximum stake of 1 ETH worth of $COPIUM each. The measure helped lay a fair playing field and prevent whale dumps commonly seen in the meme coin market. In addition, it reinforces shared accountability for the project’s success.
No Room for Dumps
Another measure that goes a long way in preventing a token dump for Copium is the strategically-designed vesting schedule. While 10% of the presale investment is unlocked immediately on the token launch, 90% of tokens will be unlocked linearly over 3 weeks.
As a result, Copium is not likely to become another fleeting sensation like Pepe or the countless meme coins that faded into obscurity. If the team and community manage to maintain the hype, it has the potential to enter the top-3 meme coin chart of established meme coins in June.
According to top crypto traders, Copium will lead the meme coin mania in the second half of May.
Spongebob Tokens Surges 4000+% and Creates New Wave of Memecoin Millionaires.
Spongebob Token is taking over the entire cryptocurrency market after surging over 4000% since its launch and creating a new wave of memecoin millionaires.
The market has seen some outstanding price hikes over the past few weeks, particularly in the memecoin sector. Projects like PEPE and Wojak have surged by multiple thousands of percent over the past fortnight, but Spongebob Token managed to catch up and reproduce a 4000% price surge just four days after launching.
The market has cooled off slightly, providing the perfect entry opportunity for those that weren’t invested during the first day. Keep reading to learn more about this new memecoin sweeping (or sponging) up the entire market.
Spongebob Token Explodes by Over 4000% in Just Four Days
Spongebob Token is the new memecoin sensation that’s been stealing all the headlines recently. The project is a memecoin with no utility that intends to follow the footsteps of popular trending tokens such as PEPE, and it’s most definitely on the right path after surging by over 4000% in the first few days of trading to push the market cap for the token above $90 million.
The Krabby Patty of memecoins didn’t have a presale. Instead, it launched straight onto the Uniswap DEX on May 4th at 13:22 UTC after the team injected over $2 million into the liquidity pool. Just four days and seven hours later, Spongebob Token went on to explode by an enormous 4000% as the token went from a low price of $0.00025 to reach as high as $0.002388;
The token has since cooled off slightly, which is expected after such a parabolic move higher. Nevertheless, the retracement provides the opportunity for those on the sidelines to finally get involved in the memecoin that’s starting to make PEPE look inferior.
SPONGE Printing Freshly New Minted Memecoin Millionaires
The incredible thing about the extraordinary price surge is that SPONGE is now creating a new wave of newly minted memecoin millionaires – who earned their profit from buying a token inspired by a cartoon character from a legendary TV show.
Of course, some whales have been putting their money where their mouths are by investing huge amounts into the project. For example, on the first day of trading, one whale injected $200,000 worth of ETH – almost 100 ETH – into the market;
This trader has, without a doubt, made a million or two from this risk. However, there have been a handful of newly birthed millionaires that weren’t so rich before SPONGE. For example, one small whale invested around $60,000 into SPONGE on the first day, and his investment is now worth more than one million dollars;
The trader has removed around $180,000 from his wallet, but his overall gain so far is well over a million dollars – and that’s after the retracement within the market.
The momentum continues to grow for SPONGE after the token was trending on DexTools over the weekend, introducing the token to a new selection of degenerate traders that live on the platform. Traders who missed out on hot trends from PEPE, Wojak, and TURBO are scrambling to get a piece of the new memecoin in town – SPONGE.
With SPONGE trending on DexTools, we can expect more buying pressure to enter the market as traders enter on the pullback to buy the dip and get positioned before the next wave is higher.
In fact, the project has seen so much momentum that there has been almost $100 million in trading volume over the past 24 hours – which is an extraordinary achievement;
CEX Listings Incoming and Popular YouTubers Onboard
Taking the FOMO further, it seems that centralized exchanges want in on the action as they will benefit from the higher levels of trading volume surrounding the token. The token was recently listed on LBank, a popular tier-1 exchange that regularly facilitates over $1 billion in trading volume. LBank was extremely quick to list the token as it opened the doors to trading just four days after SPONGE was launched, showing a great deal of FOMO with the token;
It’s not just LBank that has gotten involved. CoinW and Toobit – ranked 23rd and 32nd, respectively – both listed SPONGE over the weekend.
SPONGE traders have welcomed the addition to centralized exchanges as it helps smaller fish get involved in the project. Before SPONGE was added to CEXs, traders had to pay exceptional gas fees above $100 to make a trade on Uniswap – making it impossible for smaller buyers to get involved. With the latest addition to centralized exchanges, smaller traders are now able to get invested.
With the market retracing, you now have the perfect opportunity to get involved in SPONGE and can buy it at a discounted price on the dip. You can purchase the token on the Uniswap DEX, but the best place to buy it is through the project’s website, which has a Uniswap integrated to make purchasing much easier with just one click.
Will Litecoin Begin a New Wave of Bullish Trend-Here are the Potential Targets for LTC Price!
Litecoin, which is usually abbreviated as the lighter version of Bitcoin, appears to be preparing for giant price action. The trend has remained largely bullish for more than 10 months now and presently displays a huge possibility of going parabolic very soon. Currently, the price appears to be consolidating in narrow ranges but displays the huge potential to maintain a healthy upswing very soon.
With the recent upswing, the LTC price is pretty close to breaching the crucial trend line that it faced rejection during the previous attempt. Despite the pullback, the price withstood the situation fairly and triggered a rebound in no time. Hence, with the growing bullish momentum, the price is now displaying the possibility of rising by more than 60% or even surging by 100% in the case of an extended bull run.
Considering the current price movement, the LTC price appears to be ranging towards the north, forming constant bullish waves. Now that the price has reached a decisive phase, a breakout could be mandatory, which may cause the prices to soar. Besides, the BTC price updated its local lows during the last trading day, while the LTC price failed to do so. This indicates that the buyers still intend to break through the downward line that they have been following since May 2021.
A breakout from these levels may trigger a powerful impulsive movement with the first target set at around $130-$135. In case, the price action remains extremely bullish, it may slice through $135 comfortably and further maintain a steep upswing to reach levels between $170 to $180. Overall, the Litecoin price appears to be bullish in all time frames and moreover, the LTC price growth peaks 42 days before ‘the halving’ which may begin any time from now.
Wave Of New Investors Pile In For Avorak AI “Golden Ticket” Event
Everyone knows the story of Willy Wonka.
Charlie, a poor boy whose family can never afford luxuries, finds a coin on the street, goes into the local candy store, and purchases one of Wonkas’ chocolate bars for his grandpa. They find the last Golden ticket for a Factory tour, and Charlie ends up inheriting the factory.
Avorak is your chance at a real-life Golden ticket.
Avorak AI
Avorak is redefining how blockchain and AI can be integrated by creating a growth and positive feedback loop. Users buy AVRK to use the Avorak products, which include image generation, a whole array of trading bot options, writing solutions, and more on the horizon. When they pay the AVRK, 49% of this revenue gets sent back to holders of the AVRK token, generating a buy pressure to use the products and a passive income system that comes without inflation.
Two audits have already been passed, one from Solidproof and one from Cyberscope, and a team KYC from Novos. Safety goes hand in hand with the forward-thinking insight demonstrated from the whitepaper that outlines their business-oriented mindset towards the product as a whole.
All of this is phenomenal, with the ICO reaching incredible heights of investment so far.
Golden Ticket Event
With the amount of revenue taken surpassing expectations, the team has begun a new offer that allows investors to get more for their dollars. The golden ticket event allows investors the chance to gain up to 500% on their investment. Imagine it! 5X on your investment before launch. This outrageous offer is only available for a short time, so get hold of your AVRK before the ICO moves into the next phase or ends.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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Riding the Altcoin Wave: Top Coins Poised for Profitable Growth
Crypto analyst Scott Scott, also known as “The Wolf of All Streets,” has shared his insights on several altcoins to watch out for in his recent video analysis. According to Scott, many cryptocurrencies are coming into resistance, but some have shown massive potential for growth.
Ethereum (ETH)
The first altcoin on Scott’s radar is the largest of them all, Ethereum. The expert believes that the coin is set for a massive surge in the near future. On the USD pair, he believes that Ethereum is coming into resistance at $2030 and will see a death cross soon. However, if it breaks above $2100, Scott believes it has the potential to soar to $2500 or even $2800-2900. At the time of writing, Ether was worth $1,869.
Binance Coin (BNB)
Binance Coin (BNB) is another cryptocurrency that the expert believes has a lot of potential. He notes that BNB had a breakout and retest last year, and its price has been aggressively large ever since. Scott expects BNB to head up straight to $380 after bouncing off the bottom. The coin is valued at $312 right now.
Cardano (ADA)
Cardano (ADA) is also on Scott’s radar, but he warns against buying directly into resistance. He advises waiting for a well-defined breakout and retesting to maximize profits. Scott expects ADA to hit $0.68 to $0.74 if it breaks above $0.44. ADA is currently exchanging hands for $0.383.
Polygon (MATIC)
Scott had previously gotten the inverse head and shoulders call right for Polygon, as it hit its target of $1.40. However, he got the breakout and retest call wrong, noting that it never held the support. He suggests waiting for a breakout above $1.24 to see it move up to $1.60. At press time, MATIC is trading at $1.12.
Solana (SOL)
Scott believes that Solana is coming up to a mega monster resistance level after its rejection at the 50 and 200 moving averages. However, he sees it moving up to $27 if it breaks above the resistance line and eventually up to $38. SOL is worth $20.64 at press time.
Polkadot (DOT)
Polkadot (DOT) did not do the “dot thing” that Scott had previously called for, but it still hasn’t dropped below $6.50. He suggests waiting for a breakout and retesting above $9.60 to see the price move up to that level. DOT is currently worth $6.31.
Fantom (FTM)
Scott took a look at FTM’s daily chart and noted that it is currently at resistance, but he likes the breakout entry and believes it could send the price back to around $0.64. He also mentioned that holding the 50MA is nice, and overall, FTM is looking good overall as an investment choice.
The altcoins discussed by Scott provide an interesting glimpse into the current state of the market, and it will be interesting to see how these coins perform in the coming weeks and months. As always, it is important to do your own research and make informed decisions when investing in crypto and not just blindly rely on experts’ opinions, because at the end of the day, they are just that; opinions.
Orbeon Protocol (ORBN), Aptos (APT), and Fetch.ai (FET) Ride Wave of Investor Excitement to New Heights
Orbeon Protocol (ORBN), Aptos (APT), and Fetch.ai (FET) have seen an influx of investor interest due to their innovative blockchain-based technologies and products. Leading the way is Orbeon Protocol (ORBN), a blockchain-based crowdfunding platform that is seeing extraordinary success during the presale. Let’s review all three projects and what is driving investor excitement for each.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) offers a revolutionary crowdfunding platform fueled by the Ethereum (ETH) blockchain, which grants startups access to worldwide investors. Here, startups can raise funds through the issuance of NFTs that represent equity in the company.
By using NFTs to represent equity in a company, Orbeon Protocol (ORBN) provides investors with fractionalized ownership of the company. As such, Orbeon Protocol (ORBN) allows investors to participate in the success of the company without having to invest a large amount of capital.
For startups, Orbeon Protocol (ORBN) means having access to global investors. With its decentralized infrastructure, Orbeon Protocol (ORBN) cuts out the need for traditional gatekeepers such as angel investors and venture capitalists.
The ORBN token is used as the native currency of Orbeon Protocol (ORBN). ORBN holders also receive rewards for their participation, including staking rewards, fee discounts, first access to new NFT sales, and governance rights.
The presale for Orbeon Protocol (ORBN) has already seen massive success after rising by 1815%, with all ORBN tokens likely to be sold out shortly. Investors should be sure to act fast if they want to get in on the Orbeon Protocol (ORBN) presale.
Aptos (APT)
Aptos (APT) is a relatively new layer-1 blockchain that was specifically designed to address some of the most pressing issues that have plagued other blockchain networks in the past. Aptos (APT) has already seen success in this regard, as its proof-of-stake (PoS) consensus algorithm enables near-instant transaction times and negligible fees.
Aptos (APT) also implements a novel sharding mechanism that allows the Aptos (APT) network to process a significantly higher number of transactions per second compared to other traditional blockchain networks.
The Aptos (APT) utility token is the native currency of the network and is used to pay for transaction fees and staking rewards on Aptos (APT). Holders are also eligible to participate in Aptos (APT)’s governance system, giving them a say in how the network is run.
Since the turn of the year, the price of Aptos (APT) has risen by 200%, making it an incredibly profitable prospect for potential investors.
Fetch.ai (FET)
Fetch.ai (FET) is a next-generation blockchain protocol that aims to build a decentralized digital world where autonomous agents and smart contracts can interact with each other in a trustless environment.
Fetch.ai (FET) enables developers to build applications and services on the Fetch.ai (FET) network, allowing users to send and receive payments, store data, access prediction markets, and more.
The Fetch.ai (FET) token, FET, is needed to deploy the digital twins on Fetch.ai (FET) and is used to pay transaction fees in the network. As more businesses start to use the Fetch.ai (FET) network, demand for FET is likely to increase significantly.
Since the start of 2023, Fetch.ai (FET) has seen a stunning 450% price increase. This strong rally is indicative of the excitement that investors have for Fetch.ai (FET), and should continue into the future as more applications and services are built on the Fetch.ai (FET) network.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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Should Aptos Holders Sell Or Ride The Bullish Wave? Here’s What Experts Predict On APT Price
The altcoin market is buzzing with excitement as the Aptos token’s price surges exponentially and sparks bullish expectations among its investors. In recent weeks, the APT price has touched multiple highs and aims to extend its bullish momentum further as it shows no sign of slowing down. The astronomical pump in the Aptos price chart has confused investors about whether it is the right time to cash out in profit or hold in the long term for potential gain.
Is Aptos The New Hype?
The Aptos network, which is an upgradeable layer-1 blockchain, has been continuously breaking its all-time in the price graph. In the last 30 days, the token has gained over 400% in value and continues to draw investors’ attention to bring enough liquidity and buying pressure in the price chart.
Aptos has become a sensation in the crypto market as it recently rolled out an announcement of making its smart contracts code open source. Through this development, the Aptos network will head toward achieving more decentralization and will encrypt customizable contracts, creating more reasons for the APT price to hold its upward rally.
Aptos is positioning itself as a leader in the layer-1 blockchain sector and giving ruthless competition to Ethereum and Solana. The Aptos market is responding positively to the recent developments, which has brought a significant upward rally and assured analysts of a beginning of an uptrend.
What Lies Ahead For Aptos Price?
As the Aptos price takes the market by storm, a FUD sentiment arises among investors if the run-up may come to an end. Moreover, technical indicators and on-chain metrics suggest that the APT price has reached its historical local top, and a bottom price range may be on the horizon with a quick sell-off.
According to CoinMarketCap, the Aptos token currently trades at $18.71, uptaking over 17% in the last 24 hours. A well-known crypto trader, PS Trade, predicts that the Aptos token is waiting for a downward correction after a cooldown in its recent surge.
The analyst predicted that Aptos might witness a selling region after peaking at a price range of $23-$29, from which the APT token may aim for a bearish reversal to the bottom level of $8-$10.
However, investors need to stay cautious despite an overall bullish trend in the market, as turmoil in the BTC price chart may create a 180-flip situation for the APT token price.
Why is BTC Dropping Today? Is there any Further Growth or Will Bitcoin Price Enter a Corrective Wave?
The crypto markets have been largely consolidated since the early reading hours as the round of the US authorities cracking on the prominent players of the crypto space is making huge rounds. Presently, Bitcoin (BTC) prices have dropped by more than 2% after undergoing a giant rise of more than 15% and currently trading around $20,743 with a 21% jump in the trading volume, largely dominated by the bears.
However, Ethereum also dropped by almost the same margin but held crucial support at $1500, followed by BinanceCoin by 3.79%, XRP by 1.8%, and Cardano by 4.77%. Besides the global crypto market cap also suffered a drop of nearly 2.54% and is trading at $966.12 billion at the moment.
The upcoming Bitcoin trend appears quite misty as it continues to trade within a very narrow range, displaying the possibilities of heading on either of the directions. Therefore, it is extremely crucial to determine whether the BTC price may reach the desired target of $22,500 or just slip back below $20,000, owing to intensified bearish actions!
One of the well-known analysts, Micheal van de Poppe, believes in a bullish narrative but also expects a short-term plunge to fulfill the CME gap below $20,000.
Bitcoin is trading in a short-term bullish channel, wherein one can expect higher tops and bottoms in the short term. As these short-term targets are associated with long shadows a higher chance of a strong negative reaction may be imminent. The support of the channel is currently hovering between $20,720 and $20,840, and if the Bitcoin (BTC) price breaks down these levels, it may enter a corrective wave.
Top Layer-1 Protocol’s Avalanche And Polygon Survive FTX Tidal Wave, Orbeon Protocol See Price Surge 805%
The downfall of FTX, one of the leading cryptocurrency exchanges in the world, created a domino effect that left almost every cryptocurrency in the red zone.
The FTX tidal wave also came at a time when the entire market was struggling against a year-long bearish trend.
While the effects of the FTX downfall were more severe for most coins, a few tokens like Avalanche (AVAX), Polygon (MATIC), and Orbeon Protocol (ORBN) weathered the storm better than most.
Orbeon Protocol, for example, continues to attract great attention in the ongoing phase 3 of its presale which has seen massive price hikes of 805% so far. Experts predict a 6000% gain by the time the Orbeon Protocol (ORBN) presale concludes.
Avalanche (AVAX)
It is fair to say that Top Layer-1 Protocol Avalanche (AVAX) was also not spared the FTX effects that decimated the prices of major coins like Bitcoin.
Fortunately, Avalanche (AVAX) fared better than most tokens thanks to its development team that recently assured investors of further efforts to improve the project.
Avalanche’s (AVAX) community is also optimistic that the new developments will likely create a price rally in 2023.
Avalanche (AVAX) is a major competitor of Ethereum. Avalanche (AVAX) is an open-source decentralized proof-of-stake blockchain platform with a smart contract that is unique from other blockchains. Avalanche’s (AVAX) native token is AVAX. The Avalanche coin is still way below its all-time-highest but is expected to rally in 2023.
Polygon (MATIC)
Popularly known as the “Ethereum Killer” in crypto circles, Polygon (MATIC) is a fast-growing project that recently reported a milestone of reaching 200 million unique addresses. It is probably due to Polygon’s (MATIC) loyal community that it survived the FTX tidal wave fairly better than most.
Polygon (MATIC) has continued to grow thanks to the many dApps and NFTs built on the chain. Polygon’s (MATIC) native token, MATIC, may be trading in the $0.77 range but analysts are confident that the price will rise to as high as $2.92 in 2023.
The expected price surge is because Polygon (MATIC) has lately been partnering with companies and major brands looking for reliable inter-chain operability such as the one Polygon (MATIC) provides.
Polygon (MATIC) also offers some of the best Level 2 scaling solutions on the blockchain today. It is a promising project bound to grow in 2023 despite the effects of FTX collapse.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) was developed to address challenges often faced in the venture capital and fundraising sectors. It does this using fractionalized NFTs.
Orbeon Protocol (ORBN) mints the fractionalized equity-based NFTs representing the worth of a company and then makes them accessible to investors for a low price. This means that all users of the Orbeon Protocol (ORBN) have equal opportunity to invest in early-stage ventures.
Orbeon Protocol’s NFTs-as-a-service also helps new businesses to raise capital from a wider pool of retail investors. Holders of ORBN tokens enjoy lower transaction fees, voting rights, staking rewards, and early access to investment opportunities among other benefits.
The crypto market has not been quite favourable, especially after the FTX saga but Orbeon Protocol’s presale does not show signs of slowing down any time soon. Industry experts forecast a price increase of 6000% by the beginning of 2023.
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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Invest In Oryen Network, Aptos, and Quant To Be Set For The Next Bull Wave In 2023
The next bull wave in 2023 will usher investors into a new world of possibilities and unprecedented profits. Market analysts believe it is beneficial to invest in crypto projects that deliver amazing utilities. Crypto projects such as Oryen, Aptos, and Quant set the foundation for the next phase of the cryptocurrency journey with Oryen actively taking the lead.
Oryen (ORY) – A top-tier decentralized protocol
Oryen offers a sophisticated auto-staking and auto-compounding platform that hosts quite a set of features that actively work together to deliver an ecosystem that generates value and benefits. In the DeFi space, Oryen is focused on delivering sustainable, continuous, and predictable yields, which is an important aspect of every profit-generating investment.
To make all this possible, Oryen through its native token (ORY) allows a fixed APY of 90% based on months of extensive research into optimal returns ratio. Oryen makes it possible to achieve passive income that is ever-yielding.
Oryen’s autostaking feature – OAT is an automated staking protocol that operates as such: By allowing holders to keep their ORY tokens in their wallets rather than staking via a contact, Oryen helps to reduce risks for investments in the protocol without compromising on the fascinating returns on their holdings. According to Business2Community, Oryen is one of the newest cryptocurrencies to invest in 2022.
The annual percentage yield of 90% is generated with the aid of an algorithm that incorporates certain factors to make rebase reward calculations and the underlying price of ORY long-lasting. Ultimately, the end result is a guaranteed staking system that rewards ORY holders without any hassle.
Aptos (APT)
Aptos is a blockchain platform that operates on a layer-one blockchain model. The blockchain offers scalable and upgradeable web3 infrastructures that aid the development of widely-used applications. Aptos uses a proof-of-stake consensus and its native token is APT. The APT token serves as a utility token that can be used for exchange purposes among traders as well as to pay for in-platform services on Aptos.
Quant (QNT)
Quant is a blockchain-based platform that offers interoperable ecosystems to provide real-world solutions. Its native token, QNT, is built on the Ethereum blockchain which powers Quant’s ecosystem of enterprise software applications. Quant also enables an ecosystem for the development of applications that can operate via multiple blockchains at once. QNT is also an ERC-20 token and it is used to grant access to a particular service or application on Quant’s platform.
Conclusion
When it comes to the undisputable display of utility that brings real value to decentralized finance, Oryen reestablishes the fact that wealth generation can be achieved in a self-sustainable manner.
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Here’s When and How Bitcoin (BTC) Price Will Start a Recovery Wave!
It is evident that market participants continue to be concerned about possible FTX fallout contagion. Therefore, market participants are unloading their assets from the exchanges, which could lead to the final stage of the ongoing bear market. However, a macro expert predicts that when investors start investing again in digital assets, the market for Bitcoin will grow tremendously.
Raoul Pal, a former executive at Goldman Sachs, said that a bull run in Bitcoin will start when the macroeconomic environment improves enough to cause a surge of liquidity.
“When liquidity returns (the biggest driver of institutional allocations), the value of the network should rise, which then brings in more investors (or vice versa – # of investors rising will bring in more investors) which creates a multiplier effect, giving exponential returns.”
Pal said that given the current level of network activity, Bitcoin is poised for an explosive rally. He asserts that even though transaction values decline during bear markets, the proportion of active users increases. Due to the mathematical multiplier, prices increase exponentially as adoption (users) and value (uses) increase.
He also said that Metcalfe’s Law-based Bitcoin model demonstrates that network users have not decreased as in prior bear markets. Metcalfe’s Law argues that a network grows in value as the number of users on the network increases.
The level of network activity peaked in 2020 and then again in 2021 and has since been declining. This liquidity cycle correction’s magnitude has by far been less than earlier examples, according to Pal.
“The number of active users is pretty flat on average. Note how big the number of active users was in 2018 and the number who left in 2019.This bear market is very different as users have remained broadly stable as deeper adoption takes hold vs pure speculation.”
All market participants have been under a lot of pressure as a result of Bitcoin’s sharp decline over the past few months. Fearing further decline, several investors sold their coins at steep losses and withdrew from the market. BTC is now trading at $16,686 at the time of writing.
Is the Last Capitulation Wave Coming? Whales Liquidate Bitcoin While Miners Get Rid of It
Exchange contagion has become a historical tendency that occurs close to the absolute BTC bear market bottom. During the previous bear cycles, it was Mt.GOX, later Bitmex and now FTX. It appears to have become a pattern of let.
The crypto markets are trying very hard to recover very hard from the recent sell-off that led to nearly a drop of 15% to 20%. While the assets are gaining some pace, the possibility of yet another leg down emerges
Bitcoin in the past couple of months has experienced nearly a billion realized loss as whales & miners continue to remain extremely cautious of the current market trends. The BTC whales who have been holding 1000 BTC to 10,000 BTC have either sold or redistributed nearly 140,000 BTC.
The amount of BTC held was worth more than $4.93 million at the times when BTC prices were trading between $20K to $21K. Meanwhile, as the markets turned down, the price began to plunge which in turn ignited a steep drop in the whale holdings. Presently, the holdings have dropped below $4.7 million.
Alongside, the miners also appear to have been extremely cautious as their reserves are slowly getting dried up. At this price, it may be extremely difficult for the miners to mine Bitcoin as they are facing significant losses. Therefore, in the past couple of days, miners have dropped nearly 3000 BTC from their reserves.
The steep decline was recorded ever since the issues with FTX-Alameda Research ignited huge FUD within the markets. Since then, the price of BTC has dropped by 25%, while the miners have flooded the streets with 3000 BTC worth nearly $48 million. Meanwhile, a more descending trend is largely expected that may bring down the entire crypto market to new lows.
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FTX’s Sollet Token (SoBTC) May Create Yet Another Bearish Wave
An unspoken problem has been found on the internet by the evil-eyed Twiterattis. Things are not looking good for the Solana ecosystem’s wrapped Sollet tokens, specifically soBTC, which are used widely across lending and AMM services. The main catch here is that nobody knows if the tokens are issued by FTX or Alameda.
Wrapped crypto tokens are cryptocurrencies used on the DeFi platforms that are pegged to the value of another original cryptocurrency or other assets like gold, equities, shares, and real estate. To assist in creating liquidity in the market, SOBTC tokens were introduced early in the Solana DeFi cycle.
They were also designed to be backed 1:1 by either BTC or ETH. The Solana team developed Wrapped SOL to encourage greater acceptance and utilization of the Solana network (WSL). A secure multi-sig wallet containing SOL tokens that back WSL in a 1:1 ratio.
These wrapped assets were reportedly issued by FTX and backed by FTX-owned assets. Solscan estimates that SOBTC’s market capitalization at the moment is $264,125,805.80, with 16,149.99 being the current supply.
8,361 people are the total number of holders, which puts them at risk due to the price’s fast fluctuations following the FTX collapse. The SOBTC is currently trading at $15,497 and the BTC is currently trading at $16,400. Although, they are pegged at a 1:1 ratio.
People on the internet are concerned that the wrapped Sollet tokens, $soBTC, created by FTX and used across lending and AMM platforms, may drop to zero even though this problem has not yet been discussed. It’s possible that they won’t accept the wrapped BTC wallets as well now that FTX has ceased accepting withdrawals. It should be emphasized that FTX is Solana’s one of largest liquidity providers.
At the time of writing, one SOBTC is trading at $12,956 and is down by 30 percent. It has hit a low of $8,636 in the last 24 hours.
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54X Likely after 2X during Presale, Fantom Whales Buying Oryen to be prepared for the next Bull Wave
As the crypto market continues to experience turbulence, some investors are seeing this as an opportunity to buy up assets in preparation for the next bull wave.
Oryen is a new DeFi initiative developed on Binance Smart Chain that offers the easiest staking system and high rewards. Its presale has only been live for a month. However, the price has already doubled, indicating investors are on the alert to buy up the industry’s next big thing.
Most price analysts have already given their predictions for as far as 2025, forecasting that $ORY will likely reach $5.4 in the following years. The prognosis has awakened Fantom whales, pushing them to stockpile $ORY before it launches.
How Does Oryen Work?
Oryen Network is a decentralized protocol with auto-staking and auto-compounding that provides investors a fixed yearly yield of 90%. Oryen’s key objective is maintaining a sustainable reward system while building investor trust. Utilities will help grow the $ORY ecosystem while offering economic value.
With the DeFi sector crowded with staking protocols that distribute rebasing payouts every eight hours, Oryen delivers rebase incentives with a far smaller epoch (60-minute rebase period) — 24 times a day, becoming the crypto industry’s quickest AutoStaking protocol.
This is done through a complex rebase procedure that runs every hour and is supported by Risk-Free Value wallets and Liquidity growth mechanisms.
Liquidity is crucial to the long-term health of the $ORY protocol since holders are rewarded with the APY. Each purchase order adds 8% to the growth of the $ORY/BNB pair, while each sale contributes 12%. The volume of Oryen’s pool will assist in offsetting the effect of large sales.
The protocol has recently received an audit label from SolidPoof, a major blockchain security organization. The news played a crucial role in increasing investor trust and, consequently, adoption.
With the final launch scheduled for December 30th, early $ORY backers are eager to begin the new year with enormous gains.
Why Are Fantom Whales Considering Oryen?
Fantom is a blockchain project with intelligent functionality that provides crypto enthusiasts with a whole new dApp environment. Fantom is intended to compete with Ethereum and other smart contract systems by providing significantly greater scalability and security.
Fantom features an “Opera” mainnet compatible with the Ethereum Virtual Machine, allowing dApps to be imported from Ethereum to Fantom and vice versa. Fantom, however, provides each node with a directed acyclic graph (DAG) algorithm. This enables the network to confirm transactions independently.
FTM is Fantom’s core token, which the network utilizes for payments, governance, staking, and fees to protect the ecosystem.
Fantom enjoys the support of several crypto whales due to its superior features and ease of use. Despite the broader price decline, Fantom whales have been binge-purchasing since May. However, as FTM has lost 90% of its value since the peak of the bull cycle, whales have begun to examine better wealth-accumulating options.
Therefore, in terms of high yield generation, stable annual returns, and easy passive income mechanism, $ORY has attracted whales’ attention all around.
Final Takeaway
Considering Oryen’s rapid development, unparalleled presale performance, and simplified staking process, the protocol is well on its way to bringing a large and stable source of income for holders.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Polygon MATIC May Experience a Bullish Wave Soon, Here’s Why
During recent weeks, when the prices of Bitcoin, Ethereum, and other altcoins have struggled to hold their key Support levels, the price of Polygon (MATIC) has been one of the standout performers. The price of Polygon showed strength by holding above the region of $0.77 and is currently inching closer to $1.
The price of MATIC maintained steady as price retained its crucial support region of $0.77, despite the uncertainty that has befallen the crypto sector in recent months. The price of MATIC had a difficult time continuing the surge that had brought it to an all-time high of $3 before hitting reverse. The price of MATIC on the daily chart is still more optimistic, having risen to a high of $0.95 before hitting resistance near the $1 level.
MATIC Holders Return
Recent IntoTheBlock statistics showed that MATIC holders had returned to the market. MATIC HODLer addresses increased by almost 480% from 20,000 addresses in May 2022 to 113.890 addresses as of this writing. A rise in HODLers indicates that participants are bullish in MATIC price action, while traders remain at roughly the same level.
As addresses owning more bitcoin expanded their holdings throughout September, MATIC whale addresses also saw a spike. A favorable and bullish market attitude for the coin was further supported by a decline in MATIC supply on exchanges. It is considered a bullish attribute when traders and investors move their holdings from exchanges to cold wallets for long-term storage.
Aside from the on-chain metrics, Polygon has been advancing in terms of wider adoption and ecosystem-focused improvements. The same drove volumes and MATIC price after Polygon announced its partnership with Nubank. As soon as NuBank made its statement, Polygon topped Ethereum in terms of weekly active addresses (WAA), setting a new record.
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Massive USDC Transfer to Coinbase May Trigger a Significant Wave Within the CryptoMarkets Soon!
The crypto space attempted to rise high after a brief consolidation, but FOMC fear appears to have reinstalled strength within the bears. The global market capitalization has not changed significantly; it is still circling around $922 billion. The levels are anticipated to fall sharply in the near future, giving market participants the chance to stock up at reduced prices.
A couple of sizable transfers caused a lot of noise, suggesting that the whales may be getting ready for the potential price drop. As per a new update, more than 268.3 million USDC was transferred from an unknown wallet to the Coinbase Exchange.
The markets are slowly turning green as Bitcoin prices are trying hard to rise beyond $19,200 and maintain a firm upswing. However, some market participants now believe the asset may witness a short-term bounce beyond $19,500 that may further fuel a price surge beyond crucial resistance at $20,800. Moreover, some analysts believe the prices may even rise as high as $21,000 too.
However, these transfers are assumed to induce significant volatility within the crypto space that may uplift the BTC price beyond the crucial resistance. Meanwhile, the bounce is also expected to be a minor one that may trap the bears above $20,000 yet again.
Therefore, as the year 2022 began with a bearish influence, a similar end may be expected for the Bitcoin(BTC) price.
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Top Reasons Why Bitcoin (BTC) Might Ride Bullish Wave This Week – Coinpedia – Fintech & Cryptocurreny News Media
After dropping below $19,000 last week, Bitcoin has shown significant gains in the previous seven days, rising by more than 10%. The community was thrilled by its most recent increase as analysts and investors anticipated a further increase in BTC’s price in the days ahead.
Many indicators, in addition to the Bitcoin chart, supported BTC. After a brief price drop, this encouraged investors to expect better times in the future.
Leading cryptocurrency expert Benjamin Cowen carefully examined the Bitcoin price chart and found that BTC has reached its cycle bottom.
In a recent interview, Cowen highlighted a crucial statistic, the supply of Bitcoin in the profit and loss chart.
“Some of the charts that I think are the most interesting are things like the supply in profit and loss. One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross. Until after they cross.”
Technical indicators support the bullish outlook
The supply in profit and the supply in loss crossed for the first time in the current Bitcoin cycle. This suggests that Bitcoin’s bottom has been reached.
There is evidence that the present price level is a significant bottom for Bitcoin because the bottom of the cryptocurrency usually happens after the cross.
Market Mastery Divergence was another important indicator found by analysts. A buying opportunity for traders is revealed when the indicator’s line becomes red.
As a result, El Crypto Prof, a pseudonymous cryptocurrency analyst, believes that traders should buy now.
While Bitcoin is currently trading at a price that is quite close to its low at $21,641, there remains a chance for investors to buy the commodity in order to profit in the long run.
Therefore, this is probably the bottom for Bitcoin in the current cycle that traders have been looking for. The Bitcoin bottom is crucial for traders since doing so guarantees a profitable yield for the remainder of the cycle.