August 2024

Toncoin Reaches New Heights In Daily Active Addresses, Will It Impact TON’s Price?

August 22, 2024 boss

Toncoin (TON), the cryptocurrency associated with the popular messaging app Telegram, is making headlines as its Masterchain achieves a record-breaking 946 active addresses per day. This achievement has driven a nearly 9% increase in Toncoin’s value, standing out in contrast to the broader market’s downward trend. Maartunn, an analyst at CryptoQuant Research, claims that since July 2021, the TON Masterchain’s active address count has skyrocketed more than sevenfold. This notable uptick points to growing blockchain adoption, which drives more transactions and general network activity. User Activity Boosts Toncoin Demand The rise…

Bitcoin’s (BTC) Uptrend From 2022 Low Threatened by ‘Pending Stochastics’ Signal: Fairlead Strategies

August 22, 2024

“The monthly chart of bitcoin shows a pending overbought downturn in the monthly stochastics. If confirmed at month-end, it would be a negative catalyst, suggesting the trading range marked the end to the cyclical uptrend from the 2022 low,” analysts at Fairlead Strategies said in a note shared with CoinDesk Wednesday. Source

Historical Data Suggests Bitcoin Could Rise 1,000%, Here’s Why

August 22, 2024 boss

Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle performances that paint a bullish picture for Bitcoin going forward. Bitcoin Could Rise 1,000% In a post on X (formerly Twitter), crypto analyst PlanB proposed that the Bitcoin bull run is far from over. The…

German Authority Seizes 13 Unauthorized Crypto ATMs

August 22, 2024

Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five […] Source CryptoX Portal

Legendary MVRV Ratio About To Death Cross

August 22, 2024 boss

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has recently been nearing in on a death cross formation. Bitcoin 30-Day MA MVRV Ratio May Be About To Cross Under 365-Day MA As explained by an analyst in a CryptoQuant Quicktake post, the MVRV Ratio is at risk of going through a death cross. The “MVRV Ratio” is a popular Bitcoin on-chain indicator that, in short, keeps track of how the value held by the investors (that is, the market cap) compares against the value put in…

Decentralized Exchanges Won’t Go Too Far Without Capital Efficiency

August 22, 2024 boss

HodlX Guest Post Submit Your Post One main goal of investing is to ensure that your money works for you at all times, whether that’s through a savings account you barely look at or through high-activity stock trading. In the past, a savings account yielding 10 percent was a reliable and safe option for many people. However, today’s financial landscape paints a different picture. Pursuing meaningful returns has redirected investor focus away toward solutions powered by blockchain and DeFi (decentralized finance). However, for a DEX (decentralized exchange), the quest for…

Lack of Cohesion Hinders AI Adoption in Africa, NEPAD Boss Says

August 22, 2024

Nardos Bekele, CEO of NEPAD, believes AI can significantly benefit Africa by addressing various challenges and accelerating progress towards Agenda 2063. Although AI offers potential improvements in sectors like health, education, and agriculture, challenges such as fragmented digital infrastructure and ethical concerns hinder its adoption. Africa’s Agenda 2063 According to the head of an African […] Source CryptoX Portal

Cardano Rises 8% As Hoskinson Reveals Launch Date For Highly Anticipated Chang Fork

August 22, 2024 boss

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Market Dip Leaves TIA Investors 16% In The Red

August 22, 2024 boss

With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestia’s native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs. Related Reading Despite its native token’s downward trajectory, Celestia continues to innovate, keeping the bullish narrative alive. The question is if it is enough for a recovery of TIA in the long term. Zaar Announces Sudoswap Launch On The Platform…