Day: August 19, 2024

Will Ethereum Hit $3K in September? Analysts Bet on 80% Odds

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Ethereum might be on the verge of a major breakout, with predictions suggesting it might reach $3,000 next month. According to CoinCheckup, a popular crypto market prediction platform, Ethereum should rise by 51% in the next three months. With such a positive forecast, the current decline in the price of Ethereum could very well be a short-term hiccup against the looming rally. Related Reading Short-Term Analysis And Market Indicators A crypto analyst, Michael van de Poppe, has been following Ethereum’s recent performance and believes it may soon reverse into an…

What a Dubai Court Ordering a Company to Pay Its Employee in Crypto Means

The complainant alleged the company stopped paying their salary without reason for five months before terminating the contract. The court ordered the employer to pay 62,867 dirhams ($17,116) and 39,200 of the ecowatt (EWT) cryptocurrency, as unpaid dues. The token’s value on different price-tracking websites varies widely, making it difficult to value the payment in dollar terms. Source

dYdX price rebounds, but sell cluster threatens breakout rally

dYdX has embarked on a recovery push amid growth in buying pressure, but a cluster of sell orders threatens its potential for further rise. dYdX has increased by 4% over the past 24 hours, emerging as the top gainer among the top 100 cryptocurrencies. The upward momentum marks its third consecutive day of intraday gains after it witnessed sustained consolidation on the back of the broader market’s bearish trajectory.  DYDX 1D chart – Aug. 19 | Source: Trading View The previous collapse commenced with a sharp 7% drop on July…

Tether (USD₮) Set to Launch on Aptos Blockchain

James Ding Aug 19, 2024 09:56 Tether announces the launch of its USD₮ tokens on the Aptos Blockchain, enhancing accessibility and utility with advanced technology. Tether Operations Limited (Tether), the leading company in the digital assets industry, has revealed plans to launch its USD-pegged Tether tokens (USD₮) on the Aptos Network. According to tether.io, this move is part of Tether’s broader strategy to enhance the accessibility and utility of digital currency by leveraging Aptos’ cutting-edge blockchain technology. Aptos Network’s Capabilities Aptos is…

Can It Gain Bullish Momentum?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Price Set To Breakout: Will It Trigger A Strong Rally?

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XRP price is consolidating gains above the $0.5550 level. The price could gain bullish momentum if it clears the $0.580 resistance zone. XRP price is eyeing a fresh increase from the $0.5620 level. The price is now trading above $0.5680 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $0.5630 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.580 resistance zone. XRP Price Holds Uptrend Support XRP price…

Indian investor kidnaps BitConnect employees to recover losses

An Indian man allegedly kidnapped two men involved with the $2.4 billion BitConnect Ponzi scheme to recover losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token circulated as the platform’s native cryptocurrency, and according to a statement from the Indian Enforcement Directorate, Bhatt, along with his accomplices, kidnapped two employees of BitConnect founder Satish Kumbhani to recoup losses via ransom payments. Introduced in 2016, the BitConnect Ponzi scheme disguised as a high-yield investment program, where investors were tricked into acquiring BitConnect Coins and lending them with the…

Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?

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Shiba Inu (SHIB) may be gearing up for a massive spike as cryptocurrency analysts are divided on what could come next. Javon Marks, one popular social media member in the crypto-verse, has taken to X, formerly known as Twitter, with some very bullish comments that SHIB is on the brink of a major breakout. Related Reading According to Marks, a serious price pattern has been forming that suggests SHIB could be getting ready for an explosive move higher. At the same time, though, another analyst, Alan Santana, suggests this current…