Day: October 30, 2024

This October investment is outperforming top cryptos like Bitcoin, Ethereum, and Solana

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. An unexpected player is outpacing leading cryptocurrencies this October, capturing the crypto community’s attention. An unexpected player is outpacing the leading digital currencies this October. While the most well-known cryptocurrencies are under the spotlight, another investment is quietly surpassing them all. This surprising asset is catching attention in the crypto community. What is this rising star that’s eclipsing the top digital tokens? Discover the investment that’s challenging the dominance…

Ethereum Holds Key Support To Set A $6,000 Target – Analyst

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Este artículo también está disponible en español. Ethereum (ETH) is showing strength, finding support at a critical level around $2,400 and pushing to local highs near $2,800. Top analyst Ali Martinez shared a technical analysis highlighting Ethereum’s potential to break out. Holding this key level suggests ETH could be on the verge of a significant rally.  Martinez’s analysis points to a large trading channel with an upper boundary of around $6,000, indicating a substantial upside if ETH continues to gain momentum. Related Reading As the crypto market broadly trends toward…

Crypto Traders Searching for Further Leverage on MicroStrategy Are Winning Massively

“T-Rex’s 2x Microstrategy ETF MSTU launched a mere six weeks ago and is already up 225% (annualized equivalent of 57,000%) and trades half a billion in volume (Top 1% among ETFs),” said Eric Blachunas, a senior Bloomberg ETF analyst. “It’s so funny they’ve long had 3x MSTR ETFs in Europe but no one cares, no assets, volume. It’s the market for that amount of heat, no degens. The U.S. on the other hand, it’s ‘make it volatile and they will come.’” Source

Fortune Claims Polymarket Is ‘Rife’ With Wash Trading

The Fortune article, which debuted about a week after suspicions of a different kind of manipulation on Polymarket, cited research done by two blockchain analytics firms. One, Chaos Labs, “concluded that around one-third of trading volume — and overall users — on the presidential market alone was likely wash trading, along with across all markets.” The other, Inca Digital, “found that a ‘significant portion of the volume’ on the market could be attributed to potential wash trading,” the magazine said. Source

Making Crypto Tokens Useful and Fair

What does it mean for a token to be useful? The best heuristic is whether people want to hold it for some reason other than as an investment. For example, some tokens grant access to blockchain-based products or services, similar to how baseball tickets grant access to a game. Other tokens coordinate human decision-making, as with governance tokens, or incentivize human work, as with base layer infrastructure tokens. And even other tokens memorialize contributions to a system, whether it be data or something else valuable (but that isn’t an investment).…

Can Bitcoin Hit $200,000 Only If The Dollar Falls? Bitwise CIO

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Este artículo también está disponible en español. Matt Hougan, Chief Investment Officer of Bitwise Asset Management, addressed a pressing question among investors: Does the US dollar need to collapse for Bitcoin to reach a valuation of $200,000 per coin? Hougan’s analysis suggests that Bitcoin’s ascent to such a price level does not depend on a decline in the US dollar’s value but rather on Bitcoin’s maturation as a store-of-value asset and global economic factors increasing demand for such assets. Bitcoin Can Reach $200,000 Without US Dollar Collapse In a series…

Instacoins Announces Comprehensive Holiday Bonus Giveaway for Bitcoin Buyers

SOFIA, Bulgaria, Oct. 29, 2024 /PRNewswire/ — Instacoins, the established Bitcoin brokerage and cryptocurrency services platform, today announced the upcoming launch of its Holiday Bonus Giveaway. The giveaway will feature a series of bonuses for both new and existing customers, running from Halloween all the way through to the New Year, with the aim of providing tangible rewards for users during the festive season. “Our Holiday Bonus Giveaway is designed to deliver real value to our customers,” said Kris Farrugia, Instacoins Head of Sales and Marketing. “We’re focusing on practical…