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| StrongBlock 
| #STRONG
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| STRONG Price: | $4.80 | | Volume: | $23.3 K | | All Time High: | $1,248 | | Market Cap: | $2.2 M |
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| Circulating Supply: | 454,585 |
| Exchanges: | 2+
| | Total Supply: | 520,989 |
| Markets: | 3+
| | Max Supply: | — |
| Pairs: | 8
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The price of #STRONG today is $4.80 USD.
The lowest STRONG price for this period was $0, the highest was $4.80, and the current live price for one STRONG coin is $4.79769.
The all-time high STRONG coin price was $1,248.
Use our custom price calculator to see the hypothetical price of STRONG with market cap of ETH or other crypto coins. |
The code for StrongBlock crypto currency is #STRONG.
StrongBlock is 3.3 years old. |
The current market capitalization for StrongBlock is $2,180,957.
StrongBlock is ranking upwards to #788 out of all coins, by market cap (and other factors). |
There is a modest daily trading volume on #STRONG.
Today's 24-hour trading volume across all exchanges for StrongBlock is $23,338. |
The circulating supply of STRONG is 454,585 coins, which is 87% of the total coin supply.
A highlight of StrongBlock is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market. |
StrongBlock Nodes-as-a-Service upgrades to STRNGR token
StrongBlock, which pioneered Nodes-as-a-Service (NaaS) by rewarding node creators for their participation, is excited to announce it will be upgrading its NaaS DApp platform to the Stronger (STRNGR) token on April 5, 2022, Pacific Time. For several hours prior to the upgrade, claiming of STRONG will be disabled. This will be announced on Twitter, on the Website, and in the DApp. STRONG within the NaaS DApp platform will be automatically upgraded to STRNGR on a 1:1 basis. No action will be required by anyone already participating in the platform. After the upgrade is complete, STRNGR will replace STRONG as the token used to create nodes within the NaaS DApp in current and upcoming protocols, as well as the reward token for the NaaS DApp. This platform-wide upgrade will include contributions and rewards for:Ethereum 1.0 NodesPolygon NodesDVPN NodesStrongPool miners For the Ethereum 2.0 pool, only contributions will be upgraded to STRNGR. Rewards in that pool will continue to be in ETH. The following LP pools will only have rewards upgraded to STRNGR.UNI-V2 LP STRONG-ETHUNI-V2 LP LINK-STRONG Since these two pools require mining with LP tokens that incorporate the STRONG token, mining into them will be disabled when the upgrade takes place. A new mining pool will be created for STRNGR-ETH LP tokens. These LP tokens can be created by providing liquidity in a Uniswap STRNGR-ETH pool that will be created — and initial li... 
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Fantom Nodes available soon through StrongBlock Nodes-as-a-Service
StrongBlock, the pioneer in Nodes-as-a-Service (NaaS) offerings that reward node creators for their participation, is excited to announce it will soon be launching full blockchain nodes for Fantom, a layer 1 EVM-compatible platform. StrongBlock’s mission is to provide non-technical users the ability to launch and operate full blockchain nodes to increase blockchain strength, incentivizing them with STRONG and native protocol tokens. StrongBlock provides a significant opportunity for expansion and support of the Fantom network. Over 77,000 nodes have already been created through the StrongBlock platform by over 11,000 participants. In doing so, StrongBlock provides resources to networks seeking security, diversity, and decentralization. StrongBlock’s infrastructure will provide significantly more Fantom full nodes, expanding their reach beyond its existing capacity. “The STRONG node army is growing and vibrant. We’re excited to provide Fantom node-launching to them,” said David Moss, StrongBlock Founder. “The node army marching into the Fantom ecosystem will increase awareness and expand adoption. It’s amazing to watch.” Fantom has agreed to subsidize a portion of node rewards through a grant of FTM tokens to the StrongBlock community. StrongBlock also plans to develop innovative validator and node pool initiatives on Fantom in the future. StrongBlock is also exploring becoming a Fantom validator. “We’re ...
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StrongBlock Cross-Chain and Nifty-Fi
Overview As detailed in the StrongBlock Flash Paper, nodes provide crucial blockchain data, yet aren’t rewarded — so there’s no reason for them to stay in compliance. To solve this problem, StrongBlock provides easy-to-use tools to launch compliant blockchain nodes in seconds, rewarding operators for running them. With over 32,700 Ethereum nodes already launched and being rewarded as of this writing, StrongBlock has democratized node creation by allowing non-technical people to participate in blockchains and make a difference. We’re preparing to launch nodes for many more protocols from our platform. Some of these protocols — like Sentinel DVPN nodes on the Cosmos blockchain — will not be Ethereum-based. That’s in line with our mission to be blockchain agnostic. Yet there’s a reason we chose Ethereum to start.Cross-Chain Like Ethereum, Disneyland has great rides and amazing variety, but it’s hot, crowded and expensive. Like Yogi Berra once said, “No one goes there nowadays, it’s too crowded.” We’ve all heard a lot about the rise of Ethereum killers. Yet no Ethereum killer has yet achieved Ethereum’s massive network effect. In other words, everyone goes to Ethereum, even though it’s hot, crowded and expensive. Because everyone is there. When we launched our Nodes-as-a-Service (NaaS) platform in December, 2020, we chose Ethereum Virtual Machine (EVM) as our protocol due to its portabi...
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Sentinel and StrongBlock Combine Forces for Greater dVPN Node Availability
Sentinel, a one-of-a-kind network layer that allows the development of third-party and white-label decentralized Virtual Private Network (dVPN) applications, is excited to announce its integration with StrongBlock, the leading Nodes-as-a-Service (NaaS) provider. StrongBlock launches and operates full blockchain nodes for non-technical users to increase blockchain strength, rewarding them with STRONG or native protocol tokens. With this integration, the stage is set for Sentinel’s dVPN to expand in scope and utility, while creating new use cases for the network. With over 5,800 operators running 23,000+ nodes, StrongBlock allocates resources to networks seeking security, diversity, and decentralization. By combining forces with Sentinel, a network that has over 300,000 global users of dVPN applications, StrongBlock’s infrastructure will provide significantly more dVPN nodes, expanding Sentinel’s dVPN bandwidth far beyond its existing capacity. Combined, the two organizations will provide a truly decentralized VPN that surpasses the performance and user experience of existing centralized competitors such as NordVPN, ExpressVPN, Mullvad, and TunnelBear, all of which have single points of failure due to their centralized architecture. Providing nodes for Sentinel is a leap forward in StrongBlock’s long-term strategy of increasing node ecosystem support across blockchain protocols, while providing value generation to the n...
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StrongBlock launches STRONG Listing on ChainSwap
StrongBlock is pleased to announce that the $STRONG token is now listed on Antimatter’s ChainSwap Exchange. $STRONG token holders can now seamlessly bridge STRONG from ETH to Binance Smart Chain (BSC), or ETH to Huobi Eco Chain (HECO), with more chains to follow. Listing on ChainSwap makes $STRONG tokens more accessible across chains and the broader DeFi ecosystem, opening up endless possibilities for further cooperation, as well as added awareness and market adoption. By providing a token bridge to BSC and HECO, STRONG users can now immediately take advantage of the lower transaction fees, faster processing times, and the ability to trade on BSC’s Pancake Swap. This token bridge is an important step in StrongBlock’s overall strategy of moving to Ethereum side-chains and L2 solutions for most user transactions. This will result in dramatically lower gas fees for new nodes, pools, vaults, farms, and other components, and allow further integration of NFT’s and gamification into the StrongBlock ecosystem. Please note that you may come across fake $STRONG on BSC and HECO, just like on Ethereum, so always be careful and double check the contract address, which is the same on all three chains. The STRONG contract address on all three chains: ETH mainnet: https://etherscan.io/token/0x990f341946A3fdB507aE7e52d17851B87168017c BSC mainnet: https://bscscan.com/address/0x990f341946a3fdb507ae7e52d17851b87168017c HECO mainnet: ht...
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StrongBlock and DAO Maker Enter Strategic Partnership
StrongBlock is pioneering monetized node operation, utilizing DeFi protocols and NFT’s to further incentivize the node community. StrongBlock’s Nodes As A Service (NaaS) allows anyone to run a node without technical expertise, creating a seamless on-ramp to attract more users to build and strengthen their blockchain of choice. By partnering with StrongBlock, DAO Maker expands its ecosystem to a community with over 11,000 nodes, adding this service as an optimal solution for our blockchain partners to efficiently enable network security in a fraction of the time. DAO Maker will assist the strategic expansion of StrongBlock from Ethereum 1.0 to additional blockchains, enabling business collaboration to maximize network benefits within the DAO Maker Ecosystem and beyond. About DAO Maker Founded in 2018, DAO Maker creates growth technologies and funding frameworks for startups while simultaneously reducing investors’ risks. DAO Maker provides leading solutions in community incubation, fundraising, and other growth-related techs for tokenized businesses, featuring Social Mining SaaS for community growth, DYCO & SHO for fundraising support, and upcoming Venture Bond & YieldShield to create safe environments for retail investors. For more information, please visit: https://daomaker.com/ About StrongBlock StrongBlock, led by blockchain and enterprise software veterans including CEO David Moss, CTO Brian Abramson, and...
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StrongBlock Flash Paper
Overview StrongBlock is the first and only blockchain-agnostic protocol to reward nodes for supporting the infrastructure of their blockchain. Why incentivize nodes? With limited resources and no financial incentive, many nodes run out-of-date software, maintain incomplete blockchain histories , and are intermittently off-line. There is no easy mechanism to fix this problem once a blockchain is launched. To solve this, StrongBlock has made it possible for anyone to create a node in seconds — or add their own node — and receive STRONG token rewards every day. More nodes equals more resilience. At the time of writing, StrongBlock is rewarding over 1700 Ethereum 1.0 nodes, representing more than 15% of all Ethereum active nodes. This paper provides details of how the protocol uses incentives and governance to prioritize the safety and sustainability of node rewards, compounding value for token holders by regularly reducing supply. Currently, only Ethereum 1.0 Full Nodes are eligible for STRONG rewards. Ethereum 2.0, Bitcoin and other protocols will be eligible at a later date.Team The StrongBlock team is composed of blockchain and enterprise software veterans including CEO David Moss, CTO Brian Abramson, and CPO Corey Lederer.STRONG Facts and DefinitionsSTRONG: A governance token, enabling decentralized protocol governanceName: StrongSymbol: STRONGTYPE: ERC-20Decimals: 18Original Supply: 10,000,000Burned: 9,472,2...
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StrongBlock Nodes as a Service (NaaS)
StrongBlock Nodes as a Service StrongBlock is excited to present the details of its “Nodes as a Service” (NaaS) offering. This initiative allows anyone to create a Full Ethereum node in a few seconds with no technical expertise. In addition, a number of updates have been made to the protocol to reduce Ethereum gas fees and inflation. These changes require a migration from current mining pools to new ones. Most of this will either be done for you, or a tool will be provided. Details follow.Nodes as a Service Since the launch of the StrongBlock DeFi node protocol, over 350 nodes have been registered for rewards by the user community. Internally, we have been calling this “Bring your own Nodes” (ByoN). We applaud this effort, especially because it is quite difficult to create your own Ethereum node. For those unable to accomplish this, there has been some node-envy: many people have expressed to us that they want to create a node, but it’s beyond their technical capabilities. To address this, we had always planned to create an easy to use NaaS offering as part of our roadmap. Its release was delayed due to our need to focus on reducing inflation and gas fees in the first two releases of the smart contracts that run the protocol. Today we are introducing our NaaS, allowing ANYONE to create an Ethereum 1.0 full node (with Ethererum 2.0, bitcoin and others in the future) in just a few minutes, by simply providing a name...
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StrongBlock Tokenomics V2
StrongBlock is pleased to present the details of its STRONG governance token allocation and Tokenomics for Version 2 (V2) of the protocol. This new approach includes burning 94% of the original 10,000,000 minted STRONG by December 1, 2020, leaving a maximum supply of approximately 535,000 STRONG. — Token Overview. — Name: StrongSymbol: STRONGType: ERC-20Decimals: 18Token Contract Address: https://etherscan.io/address/0x990f341946a3fdb507ae7e52d17851b87168017cMax supply: 528,886 (approximate 94% burn of 10,000,000 minted STRONG by 12/1/2020)Current Circulating Supply: 156,592Inflation possible? NoDeflation possible? Yes, but not within the smart contract. Instead, burned tokens are sent to the 00Dead wallet address.Current circulation information: https://www.coingecko.com/en/coins/strong Background StrongBlock is a blockchain protocol designed to reward and reinforce the world’s expanding blockchain infrastructure. The protocol changes the way blockchain networks reward the nodes that secure them. The STRONG governance token is used to reward node operators running on Ethereum and other supported blockchain protocols. After considerable community input after the release of V1, the V2 release is a new beginning for STRONG. V2 enhances the flexibility of the protocol to support the mission of strengthening blockchains, while also expanding benefits to the blockchain community through the coming years. V2 STRONG...
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StrongBlock DeFi V2 Released
We are pleased to announce the release of StrongBlock DeFi V2. The protocol will continue to be governed by the STRONG token. Released just 3 weeks after V1, V2 brings agility and flexibility to the protocol. V2 is the foundation on which features can be easily added via governance and community input.V2: A New Approach DeFi with a Purpose — supporting blockchains by rewarding blockchain nodes with the STRONG governance token — is still the protocol’s core mission. To increase community support for that mission, V2’s new approach significantly reduces inflation, adds deflation, and better aligns rewards. It also makes key changes the community has requested. Phase 1 V2 is Phase 1 of a rapid, multi-phase movement toward eliminating STRONG inflation, growing the community, and strengthening the value proposition for those actively taking part in the community. Phase 2 will include significant changes to tokenomics, a greater emphasis on governance, a reduction of STRONG emissions, growth of the value proposition, and a major expansion of the StrongBlock ecosystem. We will be releasing a roadmap in November regarding future phases and major milestones to come.What’s New in V2 The best way to find out what has changed in V2 is to go to the App itself. Here are some highlights of what’s new in V2. Same App, same UI, same URL, easy migration from V1 to V2V2 now rewards miners based on providing liquidity an...
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 | Ethereum Technical Analysis: ETH's Strong Averages Clash With Oscillator...
As ethereum marks a significant price of $2,250, its movement within a 24-hour range of $2,151 to $2,271 reflects strong activity in the crypto market. With a substantial trade volume of $26.82 billion and a market capitalization of $269 billion, ether demonstrates its continued and dynamic presence in the digital currency landscape.Ethereum
Ethereum's current oscillators present a mixed view. The relative strength index (RSI) at 81.5 suggests neutrality, whereas the Stochastic and commodity channel index (CCI) lean toward a more bearish sentiment. These mixed signals from the oscillators indicate a nuanced market sentiment, with traders potentially weighing the robust performance against possible overvaluation concerns.
Ethereum chart by TradingView
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The moving averages present a unanimously bullish outlook for ethereum. Exponential moving averages (EMAs) and simple moving averages (SMAs) across all periods (10, 20, 30, 50, 100, 200 days) advocate a strong positive position. This consensus among moving averages highlights an underlying strength in ether's price trajectory, suggesting sustained trader confidence.
The 4-hour chart underscores a clear uptrend, characterized by higher highs and...
|  | Asset Managers Should Only Engage Staking Platforms With Strong Security...
Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is a penalty imposed on tokens staked on a validator who contravenes the rules of the network, is one particular risk asset managers must be aware of.The Importance of SOC2 Attestation Reports
To limit the chances of being adversely impacted by the actions of a rogue validator, asset managers should ensure that their chosen validator has the requisite experience. In his written answers sent to Bitcoin.com News via Telegram, the Validation Cloud CTO said asset managers 'should engage staking-as-a-service providers with strong security and slashing insurance.'
Another way asset managers can reassure their clients that their staking-as-a-service provider is a bona fide industry player is by choosing an audited staking platform. Staking service providers are either issued the SOC2 Type 1 or Type 2 attestation reports. While both attestations are valuable, McFarlane told Bicoin.com News that he sees SOC2 Type 1 as a better attestation report.
Meanwhile, when asked about the Ethereum network's low staking ratio, McFarlane said its only because the 'complete' staking became effective after the so-called Shapella upgrade in April. The CTO revealed that since the upgrade there has been an 'over 50%...
|  | Calm Before the Storm? XRP at a Strong Support as Big Move Seems Imminen...
Technical Analysis
By TradingRage
Ripple’s price has been experiencing a pullback on both the USDT and BTC pairs over the last few weeks. Yet, the market might begin another bullish move soon, as the price is currently at strong support levels.
The USDT Paired Chart
On the USDT paired chart, the price has been on the decline over the recent weeks after it failed to move past the $0.7 mark.
The $0.6 support level is currently preventing the price from dropping lower. Yet, even if this level breaks down, the 200-day moving average located around the $0.55 mark can be counted on as a turning point to push XRP higher. In this case, it is likely that a rally toward the $0.9 level will finally occur.
Source: TradingView
The BTC Paired Chart
Against BTC, the price is currently testing the 1,600 SAT support zone after failing to stay above the 200-day moving average, which is hovering around the 1,900 SAT mark.
If a bullish rebound occurs, the market is likely to rise toward the 1,800 SAT resistance level and potentially the 200-day moving average.
A breakout above these resistance elements will pave the way for an increase toward the key 2,200 SAT area. Yet, the relative strength index suggests that the momentum is still bearish, as it is showing values below 50%. Therefore, a breakdown of the 1,600 SAT level and a consequent drop towards the 1,250 SAT support is still probable in the short run.
Source: TradingView
The post Calm Before the Storm? XRP at a Strong Support as ...
|  | Bitcoin Price Key Indicators Suggest Strong Case For Another Rally
Bitcoin price is holding gains above $37,000. BTC is consolidating and might soon aim for another rally if it clears the $38,000 resistance zone.
Bitcoin is still consolidating below the $37,750 resistance. The price is trading above $37,200 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance near $37,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase if it clears the $38,000 resistance zone. Bitcoin Price Remains Supported
Bitcoin price remained well-bid and started a steady increase above the $37,000 resistance. BTC trimmed all losses and even revisited the $37,750 resistance zone. It seems like the bulls are still struggling to clear the $37,750 resistance zone.
A high was formed near $37,848 and the price is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the $35,645 swing low to the $37,848 high.
Bitcoin is now trading above $37,200 and the 100 hourly Simple moving average. There is also a short-term contracting triangle forming with resistance near $37,420 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $37,420 level.
The first major resistance is forming near $37,750. The main resistance is still near the $38,000 level. A close above the $38,0000 resistance might start a strong increase.
Source: BTCUSD on TradingView.com
The next key resistance could be near $...
|  | Binance Fundamentals Are 'Very Strong,' Reassures New CEO Richard Teng
Amid reports of nearly a billion dollars worth of crypto assets getting withdrawn from Binance, the company's new Chief Executive Officer - Richard Teng - took it to X to reassure the user base that the firm's fundamentals are 'VERY strong.'
His comments were in response to a tweet suggesting Binance managed to pay the mind-blowing $4.3 billion settlement fee with the US DOJ without selling any assets.
The biggest news in the crypto industry for the past several months came yesterday when the United States Department of Justice announced reaching a settlement deal with the world's largest crypto exchange - Binance.
Aside from having to pay $4.3 billion to the US authorities to close all pending legal cases, Binance took another hit as its founder and CEO at the time - Changpeng Zhao - pled guilty to failing to implement proper anti-money laundering policies and had to step down.
Richard Teng, the former Head of Regional Markets, replaced CZ. In a statement, Teng outlined his primary focus:
reassuring users that they can remain confident in the financial strength, security, and safety of the company
collaborating with regulators to uphold high standards globally that foster innovation while providing important consumer protections
working with partners to drive growth and adoption of Web3
Earlier today, Teng further claimed that the exchange's fundamentals continue to be 'VERY strong' while responding to Conor Grogan - a director at the rival company Coinbase, who asserte...
|  | Altcoin Corrections Signal Strong Buy Opportunities: Crypto Analyst
In a recent analysis shared on X (formerly Twitter), crypto analyst Michaël van de Poppe offered an insightful perspective on the current state of the altcoin market. His analysis draws parallels with historical trends, suggesting that the current corrections in altcoins may present strong buying opportunities for investors.
Buy The Altcoin Dips Now? Van de Poppe's analysis began by noting the ongoing corrections in the altcoin sector, which he interprets as part of a sustained uptrend. 'Altcoins have multiple days/weeks correction while still in an uptrend,' he stated, indicating that these periods are not only natural but also beneficial for the market's overall health.
He further explained the dynamics of these corrections, emphasizing their historical significance. 'This [current] period is very heavily comparable to the period we experienced at the end of 2015, or at the end of 2019,' van de Poppe mentioned. He drew specific attention to Ethereum's remarkable run from $1 to $14 in late 2015, which eventually led to a peak of $1,400 in 2017, demonstrating the potential for massive returns.
Van de Poppe's analysis also touched upon the concept of higher timeframe support zones. He elucidated that during initial upward runs, corrections to these support zones offer ideal re-entry points for investors. 'During the run in 2020, we've seen the DeFi summer taking place, which has a high chance of coming back to the surface in 2024,' he added, hinting at a potential bull ...
|  | Cardano Fundamentals Strong as ADA Price Rallies 5% Daily
TL;DR
Cardano's ADA sees a 32% rise in whale transactions and a 5% price increase, signaling positive momentum.
November whale transactions surpassed October's total, with ADA transaction volume hitting a three-month peak.
ADA price jumped 50% from October, with a 384% yearly increase in ecosystem value, boosted by educational partnerships.
Cardano’s ADA is currently surging as the transaction counts from ADA whales surpassed $1 million and higher recently, a 32% increase in whale transactions. ADA is up 5% in the past 24 hours, and the prospects remain positive.
Source: Santiment
As per data from renowned blockchain intelligence firm Santiment (chart above), whale transactions spiked in November, with the first four days of the month seeing large volume transactions hitting a count of 3,213.
This number is higher than all transactions spotted in October, a significant increase in on-chain activity.
The transaction volume of ADA has increased alongside the number of whale transaction counts, going from approximately 237M to 330M, peaking at 332.08 earlier this week —the highest level in the past three months.
ADA remains strong, however, as it has been rallying since October —going from $0.24 to $0.37 at the time of writing, a 50% price surge. It seems like the altcoin season is benefiting ADA as traders seek out the hottest coins and tokens while BTC also rallies.
Moreover, the total value locked (TVL) in the Cardano ecosystem is now over $240M —a ...
|  | Dex Trade Volumes Jumped 32% in October; November's First Week Ends With...
After experiencing a slump in September, with a trading volume of $30.22 billion, decentralized exchange (dex) activity saw a surge in October, climbing by over 32% to $39.98 billion. The momentum in dex trade volume has been consistent in November, with the past week alone accounting for $15 billion in trades.After a September Decline, Dex Markets Rebound
According to recent statistics, decentralized exchange (dex) platforms registered an increase of $9.76 billion in trading volume in October compared to the previous month. The October volume reached $39.98 billion, which also slightly surpassed the $39.52 billion total of August.
As the first week of November 2023 has concluded, dex platforms have tallied $15 billion in trades, indicating a stronger volume that represents 37.51% of October's entire volume over the same seven-day span. In the $39.98 billion total dex volume for October, Uniswap dominated with $26.86 billion, constituting over two-thirds of the month's volume at 67%.
November's figures so far show Uniswap's dominance continues, with $9.10 billion of the $15 billion traded, capturing 60% of the volume from November 1 to November 7, 2023. In the same seven-day period, Pancakeswap notched $2.56 billion, while Curve Finance logged $732 million. Notably, 57.7% of all dex trade activity occurred on the Ethereum blockchain.
BNB secured just above 20%, and Arbitrum slightly more than 15%, based on the seven-day dex trade activity by blockchain share. This past week...
|  | Pro Traders Are Avoiding Crypto Markets Despite Strong Performance
Bitcoin (BTC)’s massive gains this year have done little to bring crypto day traders back into the market, according to data provided by Bitstamp.
Since the start of the year, retail training volume on the exchange’s US platform has grown to 35% from 33%, while global retail volume has only risen from 8% to 9%.
Where are the Day Traders?
In conversation with Bloomberg, numerous pro traders claim to have lost interest in crypto despite once making tremendous profits in the space – particularly after the collapse of FTX in November 2022.
Peter To, for instance – a 34-year-old professional stock trader in New York – said he made $1 million trading Bitcoin during its bull runs in 2013 and 2017. However, the asset’s 110% rise since January hasn’t been enough to bring him back to the market.
“Bitcoin is not as volatile or as driven as it was,” To said. “For traders like me who are hunting for inefficiencies in the market, it’s not as interesting. The allure is kind of gone,” he said.
Craig Murray, a 23-year-old trader who claimed to make over $200,000 in crypto, said he narrowly escaped from FTX with his money after hearing rumors from industry friends about the exchange’s upcoming demise. The event convinced him that remaining in such a market was no longer worth the risk.
“That kind of put me over the edge,” Murray said. “I just decided it wasn’t worth it. Why would I have my mon...
|  | Chainlink Bullish Run: Is $15 On The Horizon Amidst Strong Recovery?
Chainlink (LINK) has witnessed a noteworthy surge in its price over the past week, defying the increasing overhead supply pressure that typically exerts downward force on cryptocurrencies. Despite these challenges, LINK's price has managed to maintain a slow yet steady rally, driven by the influence of a rising channel pattern.
As of the latest data from CoinGecko, Chainlink is currently trading at $12.44, marking a 1.3% gain in the last 24 hours and a remarkable 12.9% rally over the past seven days. This upward trajectory has left many investors and analysts wondering whether this rally is likely to persist or if a correction is on the horizon.
Rising Channel Pattern Supports Chainlink Rally
According to LINK’s price chart, LINK buyers may find a strong support level at $10.75. This support trendline is critical, as it serves as a safeguard against a steep correction. As long as this trendline holds, it suggests that LINK may avoid a sharp decline. A rebound from this level could empower buyers to challenge the immediate resistance at $12.6, paving the way for an advance towards the $14.65 to $15 price range.
However, amid the price action, the cryptocurrency community is abuzz with news of a substantial Chainlink transfer, meticulously tracked by Whale Alert. An impressive 3.8 million LINK tokens, equivalent to approximately $46 million, were moved between wallets of unknown origin. Such large-scale transfers within the crypto space often trigger close scrutiny, as t...
|  | Bitcoin Price Holds Strong At $30K: Indicators Point To More Upsides To ...
Bitcoin price is gaining pace above the $30,000 resistance. BTC is showing positive signs and might rally further above toward the $31,200 level.
Bitcoin started a fresh increase above the $28,500 and $28,800 resistance levels. The price is trading above $30,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $30,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise toward the $31,200 resistance level. Bitcoin Price Regains Strength
Bitcoin price formed a support base above the $27,500 level. BTC started a steady increase and cleared a few hurdles near the $28,500 resistance zone.
The bulls gained strength and managed to push the price above the main $30,000 resistance zone. A new multi-week high is formed near $30,600 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $29,715 swing low to the $30,600 high.
Bitcoin is now trading above $30,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $30,000 on the hourly chart of the BTC/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $29,715 swing low to the $30,600 high.
Source: BTCUSD on TradingView.com
On the upside, immediate resistance is near the $30,400 level. The next key resistance could be near $30,600. A clear move above the recent high m...
|  | Solana's Strong Recovery in 2023: SOL vs ETH Ratio Hits Yearly Highs
Solana had a strong association with FTX, and the latter's collapse last year had significant repercussions for the SOL token. However, the seventh-largest crypto-asset has pursued a strong recovery this year.
According to Nansen's latest analysis, SOL has been trending positively since the summer. In fact, the SOL vs ETH ratio was found to have been breaking higher, nearing highs not seen all year.
Since the collapse of FTX, SOL has declined more than ETH, meaning ETH has been the better coin to hold...
But since summer, SOL has been trending positively, with the SOL vs ETH ratio breaking higher, nearing highs not seen all year
Will this momentum continue? pic.twitter.com/aDhh0wY92q
— Nansen (@nansen_ai) October 19, 2023
During the second quarter of 2023, the SEC filed regulatory complaints against Coinbase and Binance, both of which had listed SOL as a security alongside other assets.
As a result of these complaints, SOL experienced a significant 34% decrease in its price.
However, the token rebounded stronger than the other assets identified as securities by the end of the second quarter and maintained that positive momentum into the third quarter.
Following a brief decline, possibly attributed to the imminent liquidation of Alameda/FTX's SOL, the crypto asset closed the quarter with a market capitalization of $8.4 billion, reflecting a 17% increase quarter-over-quarter.
Particularly noteworthy is SOL's outperformance compared to assets with similar market capita...
|  | Bitcoin, Ethereum Technical Analysis: BTC Remains Near 2-Month High, Fol...
Bitcoin remained near a two-month high on Tuesday, as markets digested the latest retail sales figures from the United States. Sales, which account for two thirds of the U.S. economy, rose by 0.7% in September, 0.4% higher than expected. Ethereum briefly rose above $1,600.Bitcoin
Bitcoin continued to trade above $28,000 on Tuesday, following a better than expected increase in U.S. retail sales.
Despite slipping from a peak of $30,000 on Monday, BTC/USD traded above $28,600 in today's session.
Although gains have eased, this was still considerably higher than yesterday's low at the $27,855.21 level.
Overall, the recent upward trend means bitcoin is trading at its highest rate since August 18, which comes after the relative strength index (RSI) broke out of a key resistance level.
The index surged beyond a ceiling at 63.00 in yesterday's session, peaking above the 65.00 mark.
Price strength has since retreated, however is still marginally above the aforementioned point of resistance.
Ethereum
Ethereum (ETH), was lower in today's session, after a brief stint trading above the $1,600 mark for the first time in almost ten days.
ETH/USD peaked at $1,628.16 to start the week, on the back of a tweet from Cointelegraph that suggested Blackrock's spot bitcoin ETF was approved.
After these claims were proven to be incorrect, the cryptocurrency has since slipped, falling to a low at $1,570.89 earlier today.
As a result of Tuesday's decline, bears have snapped a four-day win streak, an...
|  | Shiba Inu Starts Off Strong With An Explosive 233% In SHIB Burn Rate
The Shiba Inu ecosystem has started out the new week on a particularly positive note. The burn rate, which is a community initiative to reduce the massive supply of the token, has seen a significant jump as the price of the meme coin has recovered.
SHIB Burn Rises 233%
A Monday report by Shiba Inu burn tracking website Shibburn showed that the SHIB burn rate has seen an impressive 233% climb. This puts a turn on the particularly slow weekend which saw burn rates decline rapidly.
As the new trading week opens up, the total SHIB tokens burned during this time has crossed 56.98 million. This was the result of tokens being sent to the burn address across 29 addresses, with more than 3.7 million tokens sent to the burn address in the last hour as of the time of this writing.
The token burn also led to an increase in the burn rate for the last week as well. Monday’s burn figures saw the weekly burn total rise above 316.7 million. This is a 26% increase in the burn rate compared to the previous seven days.
Some of the largest burns came from the ‘0x909a9’ and ‘0x4be2’ addresses. Both addresses burned a total of 7,119,784 million and 8,095,490 million tokens respectively. The total comes out to over 15 million tokens, accounting for around 27% of the total burns for the day.
Shiba Inu Sees Price Recovery
On Sunday, the price of Bitcoin surged toward the $28,000 level, and in response, the rest of the crypto market followed the flagship cryptocurrenc...
|  | Blockchain Gaming Holds Strong in Q3, Amid Evolving Crypto Landscape
The blockchain gaming sector maintained its influential position in the third quarter of 2023 despite some decreases in momentum, according to Dappradar's recent report. Although metrics such as unique active wallets and transactions dropped slightly, the report advises against viewing this as a sign of decreasing interest. Rather, it shows a changing landscape as other crypto sectors become more prominent.Dappradar Report: Blockchain Gaming Sees Steady Growth
Dappradar's Third Quarter Blockchain Gaming report underscores emerging trends, including the growth of casual gaming studios and 'move-to-earn' applications, indicating diversifying user tastes. The report also mentions the ongoing dominance of established games like Alien Worlds and Splinterlands in wallet and transaction counts. However, newcomers like Treasuredao and Sweat Economy are establishing their places, suggesting future trends.
The study further explores the rise of social dapps. “Social dapps, for instance, have been the talk of the town this quarter,” the Dappradar report states. “While their market dominance rests at a modest 11%, a surge in user engagement with social projects is evident in our Social Dapps Rankings.”
The third quarter report points out that investments remained strong at $600 million, but lagged behind the 2021 rate. 'The investments made last year are set to bear fruit this year and possibly the next,' the report says. Since the beginning of 2023, blockchain ...
|  | Bitcoin Price Holds Strong At $27,200 But Can BTC Clear This Hurdle?
Bitcoin price failed to clear the $28,500 resistance and corrected lower. BTC retested the $27,250 support and is currently attempting a fresh increase.
Bitcoin is holding gains and still consolidating above the $27,250 zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $27,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $27,800 and $28,500 resistance levels in the near term. Bitcoin Price Faces Key Hurdles
Bitcoin price started a decent increase above the $27,800 resistance. However, BTC failed to remain in a positive zone and revisit the $28,500 resistance zone.
There was a steady decline below the $28,000 level. The price declined below the $27,500 level, but the bulls were active above the $27,250 support zone. A low was formed near $27,275 and the price is now rising. There was a move above the $27,500 level.
Bitcoin climbed above the 23.6% Fib retracement level of the recent decline from the $28,284 high to the $27,275 high. It is now trading below $27,800 and the 100 hourly Simple moving average.
Besides, there is a key bearish trend line forming with resistance near $27,780 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $27,780 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $28,284 high to the $27,275 high.
Source: BTCUSD...
|  | Addresses Holding 0.1% of BTC Supply Saw Strong Net Inflows in Q3 2023: ...
A Q3 2023 on-chain report by crypto market intelligence firm IntoTheBlock revealed that addresses holding at least 0.1% of bitcoin's (BTC) supply saw strong net inflows throughout the year's third quarter.
IntoTheBlock said these addresses recorded a single-day inflow of $600 million despite BTC plunging to $25,000, showing they are quietly bullish.
Strong Net Inflows in Q3
Following the single-day inflow of $600 million in BTC, the same category of wallets experienced three other spikes of more than $400 million in net inflows, indicating a quiet build-up of strong interest.
Notably, these substantial net inflows took place while centralized exchanges saw outflows. IntoTheBlock believes the wallets belong to organic buyers and are not just addresses from centralized trading platforms.
However, the patience of the holders may be tested if the United States Securities and Exchange Commission (SEC) delays its decisions on the applications for Spot Bitcoin exchange-traded funds (ETFs), according to IntoTheBlock.
While BTC saw substantial net inflows to addresses holding at least 0.1% of its supply, the asset recorded negligible net outflows of $90 million from centralized exchanges throughout the quarter. The figure is $1.3 billion less outflows than Q2 2023 by $140 million more than Q3 2022.
It is worth mentioning that Bitcoin fees for Q3 2023 slumped by over 71% compared to Q2 when BRC-20 tokens and the Ordinals protocol introduced a way to trade meme tokens on the network. Ne...
|  | Bitcoin Price Holds Strong At 100 SMA – A Strengthening Case For U...
Bitcoin price is holding the $26,400 support zone. BTC could gain bullish momentum if there is a close above the $27,000 resistance zone.
Bitcoin is holding gains above the $26,200 support level. The price is trading above $26,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it settles above $26,850 and then $27,000. Bitcoin Price Holds Ground
Bitcoin price started a decent increase above the $26,200 resistance zone. BTC even climbed above the $26,800 level but failed to stay in the positive zone.
There was a minor downside correction below $26,550. The price traded as low as $26,412 and is currently attempting a fresh increase. There was a move above the 50% Fib retracement level of the downward move from the $26,887 swing high to the $26,412 low.
Bitcoin price is now trading above $26,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support near $26,500 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $26,700 level or the 61.8% Fib retracement level of the downward move from the $26,887 swing high to the $26,412 low. The first major resistance is near the $26,850 level. The next key resistance could be near the $27,000 level.
Source: BTCUSD on TradingView.com
A successful close above the $26,850 resista...
|  | Bitcoin, Ethereum Technical Analysis: BTC Bulls Keep Price Close to 2-We...
Bitcoin continued to trade close to a multi-week high on Friday, as bulls continued to target the $27,000 level. The move came following stronger than expected U.S. retail sales figures, which rose by 0.6% in August. Ethereum also traded higher in today's session.Bitcoin
Bitcoin remained near a two-week high on Friday, as traders continued to digest the latest US retail sales figures.
Following a low of $26,285.50 on Thursday, BTC/USD rallied to an intraday high of $26,774.62 earlier in today's session.
This peak saw bitcoin trade at its strongest point since August 31, when price peaked over the $27,500 mark.
Bitcoin chart by TradingView
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Overall, it appears that today's bullish sentiment comes as the relative strength index (RSI) moved towards a ceiling of 52.00.
At the time of writing, price strength is tracking at 51.96, which has led some previous bulls to abandon their positions.
BTC has now retreated to a current level of $26,617.31, however traders will likely make another run towards $27,000 in the coming days.
Ethereum
Ethereum (ETH) rose for a fourth consecutive session, as the cryptocurrency remained above a support level of $1,620.
ETH/USD moved to a peak of $1,640.52 on Friday...
|  | Bitcoin Bulls Hold Strong At $25,500 But Can They Push BTC Higher?
Bitcoin price is consolidating above $25,650 and $25,500. BTC could start a decent increase if the bulls manage to push it above the $26,200 resistance.
Bitcoin is trading in a range above the $25,650 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could take a major hit if it continues to struggle below the $26,200 resistance zone. Bitcoin Price Starts Consolidation
Bitcoin price remained in a range and settled well below the $26,200 resistance zone. It seems like BTC bulls are currently protecting a downside break below the $25,650 and $25,500 support levels.
It is clearly consolidating above the $25,650 level. However, it is also below $26,000 and the 100 hourly Simple moving average. Besides, there is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $25,800 level and the trend line. The first major resistance is near the $26,000 level or the 23.6% Fib retracement level of the main decline from the $28,150 swing high to the $25,330 low.
The next major resistance is now near the $26,200 level. A proper close above the $26,200 level might start a decent recovery wave toward $26,750. It is close to the 50% Fib retracement level of the main decline from the $28,150 swing high to...
|  | Ethereum Bears Hold Strong – Why ETH Could Resume Downtrend Below ...
Ethereum price tested the $1,600 zone and is currently recovering against the US Dollar. ETH is facing many hurdles near $1,650 and $1,670.
Ethereum started a recovery wave from the $1,600 support level. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close above the $1,700 level. Ethereum Price Faces Key Resistance
Ethereum’s price extended its decline below the $1,650 support zone. ETH price even spiked below the $1,620 and tested the $1,600 handle, like Bitcoin.
A low was formed near $1,600 and the price recently started an upside correction. There was a move above the $1,620 and $1,630 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,748 swing high to the $1,600 low.
Ether is still trading below $1,650 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD.
On the upside, the price might face resistance near the $1,650 level and the 100 hourly SMA. The next resistance is near the $1,660 level and the trend line. It is close to the 50% Fib retracement level of the downward move from the $1,748 swing high to the $1,600 low.
Source: ETHUSD on TradingView.com
A close above the $1,665 level might send the pr...
|  | Dogecoin Price (DOGE) Holds Strong – Why Bulls Could Aim Rally To ...
Dogecoin is showing positive signs above the $0.0642 level against the US Dollar. DOGE could continue to rise if it stays above the $0.0606 support.
DOGE started a decent increase above the $0.0642 resistance against the US dollar. The price is trading above the $0.065 level and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could correct lower, but dips might be attractive near the $0.062 zone. Dogecoin Price Starts Recovery
After a major decline, Dogecoin price found support near the $0.055 zone. DOGE traded as low as $0.0557 and started a fresh increase. There was a decent move above $0.0600 and the price settled above $0.0606.
Recently, there was a strong increase in Dogecoin like Bitcoin and Ethereum, and it was able to clear the $0.0620 resistance. The price climbed above the 50% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.
Besides, there was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE/USD pair. It is now trading above the $0.065 level and the 100 simple moving average (4 hours).
On the upside, the price is facing resistance near the $0.0665 level. The first major resistance is near the $0.0690 level or the 61.8% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.
Source: DOGEU...
|  | Bitcoin's Rally Toward $27K Stopped, But Network Fundamentals and Whale ...
The end of last week was a lot more eventful as the primary cryptocurrency dumped hard by over $3,000 in hours to see its lowest price tag in over two months at just over $25,000. Then came the recovery attempts that saw BTC regain around a grand.
However, not much has happened to bitcoin's price since then, as the asset calmed at around $26,000. The only exceptions were on Wednesday when it dropped suddenly by over $500, and yesterday.
Thursday saw a more notable price jump that drove BTC all the way to $26,800. As the bulls were preparing to challenge $27,000, though, the landscape changed, and the cryptocurrency lost its moment by falling back down to a very familiar sight of $26,000.
Amid all of this underwhelming price performance come the network fundamentals (more on that later) and the behavior of larger investors. The crypto analytics platform Santiment outlined this week that the so-called sharks and whales have used last week's price crash to accumulate over $300 million worth of BTC.
The firm further said the total number of wallets holding between 10 and 10,000 BTC has grown to well above 150,000.
While BTC stands with minor weekly losses, altcoins like Ripple, Tron, TONCOIN, and Stellar have charted impressive gains of up to 6% in the case of XLM.
In contrast, PEPE is down by almost 20% in the same timeframe amid speculations and reports about suspicious transfers and claims about doxxing the meme coin's creator.
Market Data
Market Cap: $1.09B | 24H Vol: $35B | ...
| | Ethereum Price Saw Key Technical Correction, But 100 SMA Is Still Strong
Ethereum price is attempting a recovery wave above the $1,620 level against the US Dollar. ETH could start a fresh decline if it stays below the 100 hourly SMA.
Ethereum is struggling to recover above the $1,690 and $1,700 levels. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $1,700 level in the near term. Ethereum Price Faces Hurdles
Ethereum’s price declined heavily below the $1,700 level. ETH tested the $1,520 zone and recently started a decent recovery wave, similar to Bitcoin.
There was a move above the $1,550 and $1,600 levels. The price climbed above the 50% Fib retracement level of the downward move from the $1,825 swing high to the $1,518 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,670 on the hourly chart of ETH/USD.
However, the bears are still active below the $1,680 level. Ether is also trading below $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,690 level. The next resistance is near $1,700 or the 100-hourly Simple Moving Average.
Source: ETHUSD on TradingView.com
The 61.8% Fib retracement level of the downward move from the $1,825 swing high to the $1,518 low is also near the $1,700 zone. A close above the $1,700 level could...
|  | Bitcoin Price Key Indicators Suggest A Strong Case For More Losses
Bitcoin price moving lower below the $29,500 zone. BTC remains at risk of more downsides below the $29,000 support zone.
Bitcoin is still trading well below the $29,650 resistance zone. The price is trading below $29,300 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $29,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and break the $29,000 support zone. Bitcoin Price Turns Red
Bitcoin price failed to start a recovery wave above the $29,500 resistance zone. BTC started another decline from the $29,450 swing high. There was a clear move below the $29,250 level.
The price retested the $29,100 support zone. A low is formed near $29,075 and the price is now consolidating losses. It is trading above the 23.6% Fib retracement level of the recent decline from the $29,450 swing high to the $29,075 low.
Bitcoin is now trading below $29,300 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $29,250 on the hourly chart of the BTC/USD pair.
Immediate resistance is near the $29,250 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $29,450 swing high to the $29,075 low. The next major resistance is near $29,360 and the 100 hourly Simple moving average.
Source: BTCUSD on TradingView.com
The first major resistance is now forming near the $29,500 level. T...
|  | Worldcoin Value Plummets 24% in Week Amid Increase in Unique Addresses, ...
In the course of the previous week, the value of worldcoin (WLD) against the U.S. dollar has plummeted by 24.6%, while a broader view of the past fortnight reveals a decline of 21.4%. Simultaneously, five days ago when the contract recorded 408,721 unique addresses in possession of WLD, the figure modestly rose by 14.61% or roughly 59,745 wallets.Worldcoin Users Claim 15.82 Million WLD, Unique Addresses Rise 14% in Five Days, Market Value Struggles
Worldcoin's activity is still on an upward trajectory, with 2.2 million individuals having registered to scan their irises. To date, the data reveals that 15,825,757 WLD have been successfully claimed by users.
As the rate of these claims accelerates, a two-week market analysis confirms a loss of 21.4% against the greenback and a decline of 24.6% over the last seven days. Worldcoin's price achieved an all-time high 18 days ago, but since that pinnacle, it has tumbled 48.18% from the $3.30 high that was marked on July 24, 2023.
Trading at a current rate of $1.71 per WLD, the coin now stands at 2.85% above its all-time low of $1.66, also recorded on that same day. A mere five days ago, Bitcoin.com News covered WLD's 148% upswing in unique addresses, and this figure has further escalated by 14.61% since the report was published.
At present, the WLD smart contract reveals that 468,466 addresses are clutching WLD. Worldcoin manages two smart contract addresses, holding 55.4380% and 17.3248% respectively. These two wallets, under Worldco...
|  | Solana Products See Strong Inflows, Bitcoin And Crypto Lose $107 Million
The past week has painted a vivid picture of shifting investor sentiment worldwide. While Bitcoin and the broader cryptocurrency market witnessed a significant outflow of funds from investment products like ETPs, ETFs and funds, Solana (SOL) emerged as a beacon of hope for altcoin enthusiasts.
A Dive Into The Numbers By Crypto Products
Digital asset investment products experienced a net outflow of $107 million this week, a figure that underscores the growing trend of profit-taking that has been evident in recent weeks. 'Digital asset investment products saw outflows this week, totalling $107m with profit taking gathering pace in recent weeks,' James Butterfill noted in his recent report published in CoinShares' blog.
Bitcoin, the de facto king of cryptocurrencies, bore the brunt of these outflows, seeing a staggering $111.4 million leave its coffers. This marks the 'largest weekly outflows since March,' a time when US regulatory scrutiny began to intensify. Interestingly, for the first time in 14 weeks, the outflows into short bitcoin positions have also come to a halt.
Ethereum wasn't spared either. The second-largest cryptocurrency by market capitalization saw outflows totalling $5.9 million, bringing the combined outflows for both Bitcoin and Ethereum to $117.3 million in just the past week.
Solana Is The Rising Star
Amidst this backdrop of outflows, Solana stood out, not just for its resilience, but for its impressive inflows. The altcoin witnessed the 'largest inflows,...
|  | Decentralized Hedge Fund VC Spectra Reports Strong Demand for Its Presal...
[Press Release - London, United Kingdom, August 5th, 2023]
Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra's potential to redefine the crypto industry.
Priding itself on democratizing access to investment opportunities, VC Spectra has carved a distinct niche for itself. The on-chain hedge fund extends the availability of early-stage investments to non-accredited investors, thereby bridging a significant market gap.
Investors opting for the SPCT token can leverage an array of unique benefits. These perks include quarterly dividends and buybacks, voting rights, and early access to initial coin offerings (ICOs).
The SPCT token, developed on the Bitcoin blockchain using the BRC-20 standard, provides a robust mechanism for decentralized trading, asset management, and transaction facilitation within the Spectra platform. The Spectra Token (SPCT) is the main currency within the Spectra ecosystem, enabling access to different services on the platform.
By implementing a deflationary model featuring a burn mechanism for the SPCT token, the decentralized hedge fund aims to decrease token circulation gradually. When coupled with VC Spectra's unique investment offerings, this novel approach further solidifies SPCT 's standing in the crypto market.
The Vc Spectra public presale is currently in Stage 2 and has already seen robust demand. The SPCT token, whic...
|  | Here's Why BTC's Bullish Thesis Remains Strong Despite Break Below $29K:...
After being trapped between $31,500 and $29,500 for more than a month now, Bitcoin broke below the price range due to a lack of positive stimuli. Higher timeframe on-chain metrics, however, continue to signal a bull market.
In fact, the latest edition of Bitfinex Alpha said that we could still be in the early part of a bull market.
Onset of New Bull Market
According to the report, despite the downturn, Bitcoin's current market price is above its realized one of $20,361. This essentially means that market participants are in profit, who are likely to hold their positions as, on aggregate, longer-term holders have been in profit since the beginning of the year, Bitfinex explained.
When Bitcoin reclaims its position above the Realized Price after an extended period of staying below it, this usually signals the onset of a new bull market. The report added that this correlation between the flagship crypto asset's price rebound and the initiation of a bull market is a 'noteworthy trend' in its historical performance.
The creation of new Bitcoin wallets can be observed as the 30-Day Simple Moving Average (SMA) surpassed its 365-Day SMA in November. Such an uptick in wallet creation typically coincides with or precedes the beginning of bull markets, indicating a potential positive price movement for the crypto shortly.
The Bitcoin market realizing more profits than losses further indicates a favorable market condition for sellers. This is yet another sign strengthening the bullish th...
|  | Robert Kiyosaki Warns US Economy Not Strong, America Broke — Says ...
Rich Dad Poor Dad author Robert Kiyosaki says the U.S. economy is not strong and America is broke. Noting that the stock market is going up because President Joe Biden raised the debt ceiling, he emphasized that he still prefers gold, silver, and bitcoin.Robert Kiyosaki’s Latest Economic Warnings
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki slammed the Wall Street Journal in a tweet on Sunday for claiming that the U.S. economy is strong. He explained that the stock market is up because President Joe Biden signed into law the agreement to raise the debt ceiling. Emphasizing that “America is broke,” he emphasized that he still prefers gold, silver, and bitcoin.
On July 14, Kiyosaki similarly explained that the stock market is “taking off” because the U.S. government has “removed” the debt ceiling. He cautioned that it means the national debt will rise with the stock market.
The renowned author has repeatedly conveyed his belief that the Biden administration and the Federal Reserve are destroying the U.S. economy and the value of the U.S. dollar.
Moreover, Kiyosaki predicted in June that more banks are about to fail. He ...
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