Day: October 24, 2022

Bitcoin โ€˜6โ€“8 weeksโ€™ from breakout as Hang Seng echoes Lehman Brothers dip

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Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hang Seng drops most since 2008 Data from Cointelegraph Markets Pro and TradingView tracked a mundane trading day for BTC/USD after the pair hit weekly highs of $19,700 overnight. Despite what Michaรซl van de Poppe, CEO and founder of trading firm Eight, called โ€œway worse than expectedโ€ manufacturing data from the United States, Bitcoin suffered from a declining trajectory on the day. This led…

Moonbirds Holders Exploring Options for Chronocatz NFT Investments

Place/Date: – October 24th, 2022 at 2:45 pm UTC ยท 3 min read Source: Chronocatz Photo: Chronocatz The crypto market has seen the entry of several NFT-based projects since 2021. However, two artwork-based NFT projects โ€“ Moonbirds and Chronocatz โ€“ are in the limelight, currently. Investors are evaluating both projects. However, market bulls favor Chronocatz due to its real-world utility and stable business roadmap. If you are new to NFT investment, Chronocatz could make you fortunes. Moonbird Still in Demand but Not as Convincing as Earlier Moonbirds are a collection…

Enjin Among Top 10 Crypto Of ETH Whales In The Last 24 Hours

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Cryptocurrency whales are now investing heavily on Enjin Coin. Cryptocurrency whale tracker WhaleStats reports a total of 28,551,132 ENJ coins are in the whalesโ€™ possession. Given that one token is now trading at a market price of $0.4141, this amounts to $11.8 million. In tandem with the whale frenzy on ENJ coin, the Enjin development team has also launched a beta version of their native wallet. More investors will get behind the idea and the coin if these trends continue. JUST IN: $ENJ @enjin now on top 10 by trading…

What are governance tokens, and how do they work?

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Governance tokens are a type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run. Governance tokenholders are usually more invested in the projectโ€™s success as they stand to gain or lose more, depending on the outcome. Community members can use tokens to influence the direction and features of a blockchain protocol directly. As such, it is possible to implement changes related to the…

Why Crypto Trading is Essential for the Cryptocurrency Industry

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Our industry needs traders. They provide liquidity which, in theory, leads to less volatile markets. They keep markets honest by acting on price irregularities, ferreting out overlooked information, and facilitating the expression of opinion. Traders enable prices to respond to information fast. They encourage innovation in exchange technology and asset sophistication, which makes the market more robust. They act on information that is not valuable to a longer-term investor but which adds greater depth to the messaging inherent in prices. Source

Dogechain Token Price Triples in 7 Days

Dogechain community members are now voting on a โ€œgreat burnโ€ proposal, which determines whether the total supply of the token should be reduced by 80% proportionally throughout all allocations and reduce the vesting period of remaining Early Shibes airdrop from 48 to six months, according to the website. So far, 99% of votes are in favor. Source

Chinese Political Makeup Stirs Massive Slump in Chinese Tech Stocks

While the stocks have a bearish sentiment at this time, the projection for the future has been keeping many investors optimistic about the Chinese markets. The current Chinese political makeup has stirred a massive slump in the stocks of the top tech companies in the country. After Mondayโ€™s trading session, the shares of Alibaba Group Holding Ltd (HKG: 9988) dropped 11.42% to HKD61.65, Tencent Holdings Ltd (HKG: 0700) slid by 11.43% to end the day at HKD206.20 while delivery giant, Meituan (HKG: 3690) dropped 14.83% to HKD120.60. The slump in…

SHIBA INU (SHIB) NEWS TODAY ๐Ÿ”ฅ WHALES HAVE SET THE NEXT TARGET! | CRYPTOCURRENCY | ALTCOINS

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ๐Ÿ‘ SHIBA INU (SHIB) NEWS TODAY ๐Ÿ”ฅ WHALES HAVE SET THE NEXT TARGET! | CRYPTOCURRENCY | ALTCOINS If youโ€™re new to this channel then I want to welcome you to ”Wealthy Coin”. This channel is all about business/Investing/financial education, helping mainly entrepreneurs grow smarter and more financially stable in todayโ€™s society. We try our best to create the best inspirational videos/financial education videos to help to lift you up when youโ€™re down and to inform you, so that you can become a…