Day: October 10, 2024

Ethereum Price Retests $2,350: Is a Bounce In The Cards?

Ethereum price extended losses and tested the $2,350 support. ETH is now consolidating and might aim for a fresh increase above the $2,400 resistance. Ethereum started a downside correction below the $2,400 zone. The price is trading just above $2,420 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,350 support level to start another increase in the near term. Ethereum Price Dips Further…

Bitcoin Price Extends Decline: Can $60K Serve as a Lifeline?

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Bitcoin price extended losses and traded below the $61,850 zone. BTC is now holding the $60,000 support, but it remains at risk. Bitcoin is struggling to start a fresh increase above $62,850 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if there is a close below the $60,000 zone. Bitcoin Price Dips Further Bitcoin…

Gauging The Performances Of Two Crypto Giants This Cycle

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Este artículo también está disponible en español. Crypto analyst James has compared Dogecoin (DOGE) and Bitcoin (BTC) and provided insights into what to expect from these major cryptocurrencies in this market cycle. Based on his analysis, the foremost meme coin will likely outperform the flagship cryptocurrency in this bull run.   What To Expect From Dogecoin And Bitcoin In This Cycle James suggested in an X post that Dogecoin will likely outperform Bitcoin in this market cycle. The analyst noted that since Dogecoin’s launch in 2013, the foremost meme coin has…

Are NFTs Making a Comeback or Just Riding the Hype?

After a dull stretch, NFT sales have taken a turn for the better. What’s behind this momentum, and is it a sign of a lasting revival? NFTs are finally making a comeback Non-fungible tokens are starting to show signs of life again after a rather dull performance in the last few weeks. According to data from CryptoSlam, sales between Sep. 30 and Oct. 6 soared past $84.9 million, marking the highest sales volume since the week ending Aug. 25, which recorded over $93 million. What’s even more interesting is that…

Key Dates For The $16 Billion Payout And Potential Market Effects

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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…

Cardano (ADA) Testing $0.34 Support – On-Chain Data Suggests Price Consolidation

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Este artículo también está disponible en español. Cardano (ADA) is now at a crucial price level after weeks of intense volatility and uncertainty. Following a dramatic series of price swings—first a 27% surge, then a 20% retrace, then a 10% rise, and now a 7% dip to $0.34—Cardano finds itself at one of its most critical support levels. Holding this level is essential for bulls to maintain momentum and avoid a deeper decline. Related Reading Market data from Coinglass indicates that ADA may be entering a consolidation phase, often preceding…

Nexus Launches ‘World’s First Open Prover Network’ in Beta

Livepeer, a decentralized video-streaming project, hosted an AI Demo Day, showcasing eight startups that participated in its AI Startup Program over the past three months. According to the team, “These groundbreaking startups are building the future of generative AI on decentralized infrastructure. They include: Flipguard, Katana Video, Newcoin, Operator, Origin Stories, Refraction, StreamEth and Supermodel. Applications are open for the Q4 cohort of the Livepeer AI Video Startup program, which includes $20K in grant funding. Applicants can apply here: https://livepeer.typeform.com/to/tMAF463P.” Source

FBI Creates Crypto Token to Expose Fraud — Seizes $25M in Cryptocurrency, Charges 18

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Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, resulting in the seizure of $25 million in cryptocurrency. As part of “Operation Token Mirrors,” the Federal Bureau of Investigation (FBI) created a […] Source

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

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Este artículo también está disponible en español. Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5.85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent. Why XRP Looks Still ‘Super Bullish’ According to Dark Defender, the XRP price is currently determined by three trend lines. Two of these trend lines form a symmetrical triangle pattern, while the…