Month: January 2024

Solana Breakout Looms – Will SOL Retake $100 Before Start Of February?

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Solana, the high-performance blockchain darling, spent today grappling with the $100 mark. Having rallied to within spitting distance earlier, the native token (SOL) retreated slightly but held onto most recent gains, hovering primarily above $97. This price point has emerged as a key battleground, analysts say, with significant selling pressure poised at the century mark. Solana’s 2023 Surge And Challenges 2023 was a stellar year for Solana, a stark contrast to its previous rollercoaster ride. Fuelled by factors including network upgrades and booming DeFi projects, SOL soared to a record…

Re-Engage in Bitcoin (BTC) Long Positions Above $43K, Analyst Says

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Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum

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DOT Price (Polkadot) Uptrend To Continue? These Could Be The Factors To Watch

Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance. DOT is trading in a positive zone from the $6.00 support against the US Dollar. The price is trading near the $7.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise unless the…

Bitcoin Price Restarts Increase – Can BTC Pump To $45K Again?

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Bitcoin price is recovering higher above the $42,000 resistance. BTC must clear $42,800 and $43,500 to start an increase toward the $45,000 resistance. Bitcoin price is moving higher above the $42,000 resistance zone. The price is trading above $41,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $41,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it clears the $42,800 and $43,500 resistance levels. Bitcoin Price Aims Higher…

Analysts expect Charles Schwab to make a Bitcoin ETF play

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Industry analysts expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF). According to RIABiz and other media outlets, analysts speculate that the firm — which offers investment products and services, including brokerage and retirement accounts and manages $8.5 trillion in client assets — may launch a spot Bitcoin ETF. Simply put… Schwab not gonna sit around & let Fidelity control crypto narrative. Period. Too much $$$ at stake w/ these brokerage platforms. — Nate Geraci (@NateGeraci) January 27, 2024 With a reputation for conservative and…

As crypto whales buy more Ethereum and Shiba Inu, interest in Pullix surges

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market fell following the approval of spot Bitcoin ETFs. However, many investors took advantage of the dip to buy more Ethereum (ETH) and Shiba Inu (SHIB). Pullix (PLX) is also drawing investor interest, raising over $4.6 million in ongoing presale. Whales double down on Ethereum Ethereum recently fell. While some investors sold their ETH, whales took advantage of the low prices to buy more. According to Spot…

Regulators seek public input on AI scams, market influence

Regulators are shedding light on scammers leveraging the allure of artificial intelligence (AI) to promote crypto trading systems with faulty claims of high or guaranteed returns. With the trend of using automated software for trading increasing, the Commodity Futures Trading Commission (CFTC) issued a customer advisory stressing that these AI systems cannot foresee market movements definitively.  See below. The customer advisory titled “AI Won’t Turn Trading Bots into Money Machines” exposes the fraudulent tactics used to attract investors, recounting tales like that of Cornelius Johannes Steynberg, who swindled over $1.7…

How To Buy, Sell, And Trade Crypto Tokens On The Tron Network

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The Tron network is a decentralized blockchain platform that aspires to create an expansive and interconnected global digital content ecosystem. At its core, Tron leverages its native cryptocurrency, TRX, to facilitate seamless transactions and interactions within the network. An outstanding advantage of the Tron (TRX) network lies in its exceptional scalability and impressive transaction processing capacity. This remarkable feature enables Tron to process a substantial number of transactions swiftly, ensuring the smooth execution of smart contracts and decentralized applications (DApps). The network’s scalability is of utmost importance as it plays…