ezETH Depegs, Triggers Massive Liquidation

Renzo Protocol’s liquid restaking token, ezETH, experienced a significant depeg on April 24th. This incident resulted in a wave of liquidations across various DeFi platforms, leading to over $65 million in losses. The trigger for this appears to be a change in Renzo Protocol’s tokenomics, which sparked considerable community backlash.

ezETH/WETH, 15-minute chart. Source: Dexscreener

The ezETH depeg highlights the risks inherent in liquid restaking tokens (LRTs). Even when withdrawals are enabled, a substantial sell-off could lead to depegging due to imbalances in decentralized exchange (DEX) liquidity pools.

ezETH Airdrop Disappointment Fuels Depeg

Renzo Protocol’s liquid restaking token (LRT), ezETH, appealed to DeFi “airdrop hunters” seeking early access to the project’s native token, REZ. However, Renzo’s tokenomics announcement caused widespread dismay. Users criticized the small airdrop allocation (5% of REZ supply) and a distribution structure that favored Binance launchpool farmers.

Furthermore, farmers in the REZ Binance Launchpool will receive 2.5% of the token supply two days before ezETH airdrop recipients. This has created concerns that these farmers could sell their tokens ahead of the airdrop, potentially exacerbating price pressures.

The backlash was swift. Disappointed ezETH holders rushed to exit their positions. The only way to redeem ezETH currently is through a $200 million liquidity pool on Blast, an Ethereum layer-two network. This triggered a sell-off and subsequent depeg of ezETH.

DeFi Markets Feel the Impact

The cascading effect caused a chain reaction in DeFi lending protocols. Leveraged positions using ezETH as collateral were automatically liquidated. This further exacerbated selling pressure, causing more liquidations.

While Uniswap briefly showed ezETH trading as low as $700, price oracles used by lenders reported a less severe depeg. Still, liquidations on platforms like Morpho and Gearbox exceeded $65 million, with some individuals facing substantial losses. DeFi security firm Peckshield highlighted one case of a $900,000 position liquidated with roughly $90,000 lost.

A snippet of a Lookonchain post on X

The depeg highlights the risks associated with LRTs, even those with withdrawal mechanisms. Despite the turmoil, opportunistic traders still managed to profit. On-chain intelligence firm Lookonchain reports that trader czsamsunsb.eth gained over $396,000 in a mere two hours, capitalizing on the temporary price discrepancy.

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Will Pepe Surge 65%? Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)— Will Pepe surge in the coming months, gearing up for a bull run? The frog-themed meme crypto asset, integral to this year’s March memecoin mania, has formed a bullish reversal pattern.

PEPE price action over the past 30 days. Source: CoinStats

PEPE has recovered smartly following the recent April 13 crypto market flash crash. This suggests strong demand for the token. The memecoin is up by more than 470% year-to-date despite recent corrections, thanks to the memecoin frenzy in March.

PEPE Price Confirming Bullish Pattern

Notably, Pepe coin is currently in the midst of breaking out of a bullish reversal pattern called the ‘Bump and Run Reversal (BARR) Bottom pattern.’

PEPE price formed a bullish pattern with a 65% upside target. Source: Tradingview.com

The pattern forecasts a bullish reversal after a steep downtrend in an asset’s prices. The BARR Bottom pattern unfolds through three stages: an initial lead-in phase with a gentle decline, a bump phase where prices plummet sharply, and a run phase where prices rise above the initial trend line.

Traders identify the price target for this pattern by measuring the ‘bump height,’ the vertical distance from the trend line to the bump’s lowest point.

Moreover, the pattern allows traders to anticipate shifts in market momentum. This enables strategic long-position entries. Accurate identification and volume confirmation are crucial for effectively using the BARR Bottom pattern in trading strategies.

In fact, per the rules of technical analysis, once PEPE confirms its breakout from the pattern, the memecoin could rally over 65% to reach the theoretical price target near $0.0000124.

Bearish Presence Strong In PEPE Markets

Meanwhile, PEPE price fell victim to strong bearish pressure on April 24. It dropped nearly 12% from the day’s high near $0.0000082 as bears aggressively defended the supply zone near $0.0000087.

PEPEUSD daily price chart with RSI.

Notably, if the PEPE coin price breaks and consolidates above the immediate resistance, the memecoin might rally to the resistance near $0.0000105.

On the other hand, if bears gain the upper hand, PEPE price could drop to the 20-day EMA (red wave) and 50-day EMA (purple wave) support confluence near $0.00000612. Moreover, failure of immediate support could send the Pepe coin price to the 0.236 FIB support near $0.0000044.

Additionally, the relative strength index, or RSI, for Pepe remained neutral, with a score of 58.47 on the daily charts.

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Nigeria Central Bank and Crypto Freeze Claims

NAIROBI (Coinchapter.com) – The Central Bank of Nigeria (CBN) recently denied allegations that it issued a directive to freeze bank accounts associated with cryptocurrency exchanges. This denial came after confusion arose from a circulating report that incorrectly claimed the CBN had ordered such account freezes.

Initially, reports emerged stating the CBN had instructed banks to identify accounts engaged in transactions with cryptocurrency exchanges and place them under a six-month “Post No Debit (PND) instruction.” These reports also listed Bybit, KuCoin, OKX, and Binance as exchanges not licensed to operate in Nigeria.

Nigeria Central Bank denies crypto freeze claims. Source: X

However, the CBN surprisingly denied the report through an official post, only to delete the denial shortly after. Hours later, the CBN emphatically denied the allegations again, assuring the public that it had not issued any official orders to freeze bank accounts linked to crypto transactions on its official website. The bank urged the public to rely solely on its official channels for “authentic information.”

However, as of press time, no official orders regarding the freezing of banking accounts linked to crypto transactions have been published on the CBN’s official website.

Crypto community reacts on X

The CBN’s conflicting statements have sparked confusion and frustration within Nigeria’s crypto community. X user @Crypto_omo expressed skepticism about the reports, stating,

Fake or not, we still need a solution to bring back the #Binance P2P in the country, the benefits are much more than any other platforms.”

Nigeria Central Bank Focuses on Unlicensed Platforms and P2P Transactions

Despite the CBN’s clarification regarding account freezes, they remain cautious about cryptocurrency activities. The bank has indicated its intent to target individuals and entities using unlicensed platforms or engaging in peer-to-peer (P2P) crypto transactions, particularly those involving Tether (USDT).

This development comes amidst the backdrop of Nigeria’s ongoing battle against inflation and naira devaluation. The government has previously cracked down on websites associated with crypto trading that were allegedly manipulating the exchange rate.

Binance in the Eye of the Storm

The alleged crackdown on cryptocurrency transactions has particularly impacted Binance, one of the world’s largest cryptocurrency exchanges. As CoinChapter previously reported, Binance and its executives are facing a high-profile tax evasion trial in Nigeria, which was recently adjourned to May 17 amid legal complexities.

The CBN had previously raised concerns about “suspicious financial transactions” occurring through Binance Nigeria in 2023, claiming that $26 billion had passed through the country via Binance from unidentified sources and users.

More recently, Binance’s US-based executive, Tigran Gambaryan, was arrested in Nigeria on money laundering charges. This followed a meeting with Nigerian officials regarding Binance’s regulatory compliance in the country.

Nadeem Anjarwalla, another Binance executive who attended the same meeting, fled custody in Nigeria and was subsequently located in Kenya. He now faces extradition proceedings there.

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BTC Whales Not Dumping BTC Holdings Post-Halving Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)—Bitcoin has remained fairly quiet after its post-halving rally with BTC whales not dumping the token, which is breaking above $66,000. Bulls failed to hold on to the level due to the relatively high bearish pressure against the token, while Bitcoin whales continued accumulating Bitcoin rather than dumping it post-halving.

Although Bitcoin faces some strong macro and geopolitical headwinds, confidence in BTC’s future price action remains high.

Whales Not Letting Go Of Their BTC Wallets

Bitcoin whales, holding between 1,000 to 10,000 BTC, are steadily increasing their share, now owning 25.16% of the total supply, according to a post from the on-chain data provider Santiment. In light of BTC whales not dumping Bitcoin post-halving, their behavior underscores confidence in the cryptocurrency’s value trajectory.

Bitcoin whales continued accumulating tokens.

Moreover, the sentiment score reflects a neutral position despite the market’s expectation of Bitcoin reaching the $70,000 price point. This level represents a key resistance that will challenge the market’s momentum.

Furthermore, the prospect of Bitcoin’s price reaching $70,000 has the market in a state of FOMO. Coupled with BTC whales’ hodling pattern, FOMO could help increase buying pressure for Bitcoin.

The dynamic between whale accumulation and the general sentiment is a central factor in the market’s current state. Yet, the increase in whale holdings could be a double-edged sword, as a sell-off from these investors could result in a massive price crash for the token.

Bitcoin Bulls Fail To Keep Prices Above $66,000

Meanwhile, following a minor bull run after the halving event, BTC price reclaimed the 50-day EMA (purple wave) dynamic support. Bears succeeded in pushing the token below $66,000, resulting in the token dropping nearly 3% to a daily low near $64,730.

The bears are now targeting the $65,000 price level.

BTCUSD daily price chart with RSI. Source: Tradingview.com

If the bearish cues overshadow the post-halving euphoria, the BTC price could drop to support near $63,000. Moreover, an averse action by the Bitcoin whales could introduce FUD in the market, resulting in the token testing support near $58,400 before recovering.

On the other hand, the post-halving optimism could drive Bitcoin’s price to resistance near $69,500. Breaking and consolidating above the immediate support could induce confidence in BTC’s post-halving price run, helping the token target resistance near $74,300.

The relative strength index, or RSI, remained neutral for BTC, clocking at 47.52 on the daily charts.

The post BTC Whales Not Dumping BTC Holdings Post-Halving appeared first on CoinChapter.

BRICS Nations Reject Crypto

The BRICS nations reject crypto, but see the value in transitioning away from the US dollar’s dominance. The BRICS nations, comprised of Brazil, Russia, India, China, and South Africa, have long been vocal critics of cryptocurrencies. However, in a surprising turn of events, these economic powerhouses are now embracing the underlying technology behind digital currencies, announcing plans to launch their own stablecoin for cross-border transactions.

BRICS nations rejected crypto, yet are now exploring a gold-backed stablecoin to challenge the US dollar in trade. This move seems like a surprising reversal, embracing crypto’s core idea for a more stable version suited to their needs.

Gold-Backed Hypocrisy?

A recent post from @BRICSinfo reveals the coalition’s interest in creating a crypto stablecoin specifically for international trade settlements. With their substantial gold reserves, this move could indeed minimize their economic dependence on the Western financial system. This effort intensifies BRICS’s ongoing campaign for a “multi-polar world”—a euphemism for diluting America’s economic influence.

Is BRICS stablecoin Imminent? Source: X

The irony is almost too rich to ignore. These are nations that have, at times, implemented draconian bans and regulations against the decentralized ethos of cryptocurrencies, yet they now seek to embrace a centralized, BRICS-controlled digital currency. It’s like banning all music to prevent dancing and then hosting a state-sponsored gala where only government-approved tunes are played.

Countries like China and Russia, once vehement opponents of cryptocurrencies’ unregulated nature, now find themselves attempting to co-opt the very technology they once sought to suppress. China, which orchestrated a sweeping crackdown on crypto mining and trading, is a driving force behind this proposed stablecoin. Russia, facing economic isolation due to Western sanctions, has been a vocal advocate for transitioning away from the US dollar’s dominance.

BRICS Eyes Stablecoins for Cross-Border Transactions

Reports indicate BRICS is exploring the creation of a stablecoin – a cryptocurrency pegged to a stable asset like gold or fiat currency. This stability contrasts with the wild price swings often associated with traditional cryptocurrencies.

Russia’s Deputy Foreign Minister, Sergei Ryabkov, recently hinted at the potential benefits of a BRICS stablecoin for international trade. This aligns with ongoing discussions within the bloc regarding the use of virtual assets for global settlements.

“It is worth mentioning that all the newcomers show great enthusiasm. They are ready to work substantively and professionally on the agenda that the Russian Chairmanship developed in consultation with all participants. Second, of course, for some recruits the volume and scale of the work we are doing in BRICS was somewhat unexpected. You need to adapt and get used to all this.“

Sergei Ryabkov

The BRICS initiative comes amidst a surge in stablecoin adoption. Venezuela, for instance, reportedly uses Tether (USDT) for oil sales to bypass US sanctions. Additionally, Singapore-based payment companies are integrating stablecoins like PYUSD to streamline transactions.

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Arsenal Fan Token Performing Well

NAIROBI (Coinchapter.com) – Arsenal Fan Token surged in value following the club’s decisive 5-0 victory against Chelsea in the Premier League. The win solidified Arsenal’s position at the top of the table with a three-point lead, raising fan enthusiasm and driving interest in the team’s associated cryptocurrency.

Arsenal’s 5-0 win against Chelsea. Source:X

This dominant performance marks Arsenal’s sixth win this season with a margin of five goals or more. It further strengthens their position as a serious championship contender. The excitement surrounding Arsenal’s potential Premier League victory has positively impacted the AFC token’s market performance.

Arsenal Fan Token (AFC) Price Surge

In the aftermath of Arsenal’s commanding victory, the club’s fan token, AFC, experienced a significant price surge. As of April 24, 2024, Data from CoinGecko indicates that the Arsenal Fan Token (AFC) price is currently at $1.565794, representing a 2% increase within the last 24 hours. The token boasts a market cap of $15.25 million with a trading volume of $1.82 million over the same period.

AFC/USD 1-day price chart. Source: TradingView

Technical analysis suggests a key resistance level for the AFC/USD pair at $2.31. A Premier League title win for Arsenal could potentially break this resistance level, fueling further growth for the token.

Historically, AFC’s price has exhibited substantial volatility, reaching an all-time high of $6.55 in October 2021 and plummeting to a low of $1.06 in May 2022. However, the recent upswing in the token’s value is a testament to the positive sentiment surrounding Arsenal’s on-field performances and the growing interest in fan engagement through cryptocurrencies.

Top four Fan tokens by market cap. Source: CoinGenko

The global fan token market is also experiencing growth, with a current market cap of $466,222,341, representing a 2% increase in the last 24 hours. Top-performing fan tokens include those associated with Paris Saint-Germain (PSG), Santos FC (SANTOS), and FC Barcelona (BAR).

As Arsenal continues its impressive run towards potential Premier League glory, the surge in value of the club’s fan token, AFC, underscores the growing intersection between sports and cryptocurrencies. While historical volatility serves as a cautionary tale, the current upswing reflects the unwavering enthusiasm of Arsenal’s fanbase and the token’s potential as a vehicle for fan engagement. Regardless of the eventual outcome, the AFC token’s journey promises to be an enthralling one, mirroring the high-stakes drama unfolding on the pitch.

The post How is Arsenal Fan Token Performing After Its 5-0 Win Vs. Chelsea? appeared first on CoinChapter.

Chainlink (LINK) is hitting new highs, approaching its strongest level in two years, and aiming to surpass the $20.00 mark. On the other side, the AI-based altcoin, the $ROE of Borroe Finance, on the Polygon blockchain, is increasing its popularity and is competing with Akash for a leading role in the crypto space.

>>BUY $ROE TOKENS NOW<<

Chainlink Eyes All-Time-High

After a whale mysteriously bought $112 million worth of LINK, Chainlink went up with increased trading volume, and this, together with its real-world utility and influencer buzz, makes Chainlink a notable figure in the crypto space.

In the last 12 months, Chainlink has increased in value by 97%. This latest rise is noteworthy. However, it is triggered by real-world function overbridging blockchains with external data.

Chainlink (LINK), an ERC-20 token, consolidates on a proof-of-stake consensus, which admits participants in a show of data provision to smart contracts and rewards them. Chainlink’s recent price incline is indicative of how its role is rising in the crypto market, and thus, it has prospects of diversifying its growth in the crypto sector.

The opportunities for partnership in the future with other projects and a growing list of use cases also instilled more investments into the token. Analysts predict from the rise of Bitcoin demand due to the cutting in its creation in the wake of the halving of the coin, other altcoins like Chainlink could be driven to rise in the market.

The Bitcoin halving, a periodical event taking place approximately every four years, has proved to provide a market impact for the entire cryptocurrency system. This requires decreasing miners’ income for verifying transactions while the aggregate circulating supply adjustments are influenced accordingly.

Each halving tends to suggest a rise in the crypto space since they usually have a direct link with the increase of speculation as well as investment interests.

One of the major reasons for Chainlink’s recent appreciation has been its extremely strong fundamentals and its distinct advantages. Furthermore, the platform guarantees that smart contracts can interact with other smart contracts or other applications in the ecosystem, sending and receiving data safely and securely.

Such a proposition has, as an outcome, put Chainlink at the forefront as far as the developing decentralized finance (DeFi) sector is concerned, which has, over the last couple of years, grown tremendously.

What is more, Chainlink has been implementing its ecosystem by forming numerous Blockchain ecosystems and corporate partnerships. Such collaborations affirm the fact that several institutions and individuals have recognized the advances of Chainlink products and their value in leading to more secure cross-chain operations.

Chainlink (LINK) is currently priced at $14.61, showing a 17.7 % change over the past 30 days, with a market capitalization of $8.5 billion. 

Borroe Finance ($ROE): An AI-powered Platform 

Borroe Finance ($ROE) project is distinguished by its creative, original approach that provides an investment ecosystem enticing investors to invest and talk about it.

Backed by the Polygon blockchain, companies are allowed to tokenize work invoices, so that they do not have to wait for payment until they can be settled. This idea is what has gotten the community in  Web3 excited; this also shows that the presale’s high expectations show a hopeful future for the project.

Borroe Finance ($ROE) is a high-standard DeFi project that happens to be the first AI-driven initiative operating on the Polygon blockchain—a sidechain running Ethereum. Using this scheme, companies can draw their own invoices into a specific NFT, highlighting their exact presence in Web 3.0.

The platform comes with an NFT Marketplace module, which provides immediate liquidity for creators based on their potential earnings forecast. The mechanism enables companies to transform future revenues into NFTs which can then be sold to investors, offering them discounts. This platform enables companies to raise capital much faster for their initiatives.

Borroe Finance ($ROE) creates a community AI-powered funding marketplace from which creators can earn recurring income. Currently, Borroe Finance ($ROE) is in the final stage of its presale, with tokens priced at $0.020 each. After this stage, the token will be listed on major crypto exchanges.

As of now, Borroe Finance ($ROE) has raised over $3.8 million in funding, with 66% of its $ROE token sold.

This approach, unlike projects that just ride on hype, includes a tactic for reducing circulation, which most likely attracts long-term investors looking for price increases. This strategy that is unlike other projects in the crypto space motivates it.

Being led by a team of professionals with over 15 years of experience including; Maxim Prishchepo and Michael Price, the firm manifests competency and proficiency in its financial field.

Along with this, BlockAudit certification for the smart contracts of Borroe Finance ($ROE)  has also improved its trustworthiness. The contract address being open to the public also fortifies its position within the system.

Learn more about Borroe Finance ($ROE) here:Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

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London, United Kingdom, April 24th, 2024, Chainwire

Today marks a monumental day as Hipposol, A solana memecoin proudly announces the launch of $hippos pre sale round for early participants. Drawing vibrant inspiration from the mighty and playful hippopotamus, the $Hippos token presale event begins today April 24th 2024, with a sale duration of 26 days.

Hipposol Ready To Pioneer A New Era in Memecoin

$Hippos isn’t merely another entry in the memecoin ledger; it heralds a new era where community, technology, and sheer fun merge to forge genuine value. “With $Hippos, we’re not just redefining memecoins; we’re revolutionizing how a memecoin community and digital currency coexist. This journey isn’t about speculative trading alone; it’s about crafting a community empowered to steer its course and reap substantial growth,” said King Hippo, the revered leader of the Hipposol herd.

The Hipposol team believes the $Hippos pre sale event means more than buying a token; it means joining a memecoin herd that leads. With Hipposol community-driven development approach, users insights and votes directly influenced by the $Hippos holders, Hipposol is set to be next meme sensation on Solana.

$Hippos Presale Facts:

Token Presale Rate: 1 SOL = 150,000 $Hippos

Minimum Buy: Dive in with as little as 0.5 SOL

Users can join the Solana meme adventure with Hipposol and experience a new breed of memecoin that’s ready to make waves.

For more updates and news on Hipposol memecoin;

Website | $Hippos Sale portal | Twitter | Telegram 

Hipposol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies can be volatile and dangerous.

Contact

King HippoHipposolpod@hipposol.xyz

The post Hipposol, A Solana-based Memecoin Announces $Hippos Token Presale Round appeared first on CoinChapter.

Transaction fees on the Bitcoin (BTC) network are again getting out of hand after its fourth halving event on April 19. The halving event has been blamed for the sharp rise in transaction fees, with some users reporting fees as high as $100. 

Supply and demand dictate the price of transactions on the Bitcoin blockchain because of a fixed 10-minute block creation time and a limited block size. Users compete for space on the Bitcoin blockchain, with higher demand raising transaction fees as users bid against each other to have their transactions prioritized by miners. 

The recent rise in Bitcoin transaction fees has generated concerns about a potential sell-off by users, as the cost of moving tokens from wallets to exchanges, and vice versa, has become prohibitive. 

Meanwhile, InQubeta (QUBE) has launched on exchanges after raising over $13.6 million during its presale. The new DeFi project is expected to enjoy more growth in 2024 than competitors like Cardano (ADA), thanks to its plan to make artificial intelligence (AI) investments more accessible than ever. 

InQubeta (QUBE) emerges as the best coin to invest in as bears dominate cryptocurrency markets

InQubeta is one of the most promising emerging cryptos because of the much-needed solution it plans to introduce into the decentralized finance space. Its ecosystem will use blockchain technology to make investments in AI more accessible than ever. 

InQubeta stands out from other DeFi crypto coins for several reasons, like the critical role it will play in the artificial intelligence investment space and the deflationary tokenomics on which its governance coin and native currency, QUBE, is built. 

The investment ecosystem InQubeta will deliver to its users will be the first cryptocurrency-based crowdfunding project for AI startups. These companies will get easier access to capital because of it. At the same time, investors will no longer have to jump through the hoops that come with traditional investing channels to gain access to AI investments. 

AI startups in InQubeta’s ecosystem will get to digitize investment opportunities into non-fungible tokens (NFTs). At the same time, fractionalization will allow investors to buy fractions of these investment opportunities to suit their budgets. Anyone with a cryptocurrency wallet can now back trailblazing AI startups that go on to become major industry players as the artificial intelligence revolution unfolds.

InQubeta’s presale has ended, and tokens are available on exchanges like Uniswap and MEXC. Some analysts have dubbed it one of the best cryptocurrencies to invest in, as prices are expected to surge as much as 75% in the coming weeks as QUBE’s market price is established. 

Some analysts expect QUBE’s price to surge as much as 100x before the end of 2024, thanks to factors like its 1.5 billion token supply and deflationary practices like burn taxes to further reduce the circulating supply.

Visit InQubeta Website

Bitcoin (BTC) users report fees as high as $100

Unreasonable transaction fees have been one of the most significant issues that have plagued the Bitcoin network ever since it started enjoying substantial price growth. One of the main problems this causes is it prevents BTC from being an effective medium of exchange, one of the primary roles of currencies. Imagine paying a $100 transaction fee after buying some overpriced latte for $5. 

Bitcoin can’t serve as a medium of exchange when the average transaction fee is four times the average global daily income. 

Cardano (ADA) continues to underperform

Most of Cardano’s gains in the past six months have been wiped out as it trades around the $0.50 support level. Investors are now swapping their bags for more profitable altcoins like InQubeta. 

Summary

QUBE is the best altcoin to buy now because of the exponential growth its investment space is expected to cause. BTC could still enjoy substantial growth in the next several months, but its transaction fees getting out of hand will change how investors interact with it as holding Bitcoin becomes too costly. 

Visit InQubeta Website

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Luxemburg, Luxemburg, April 24th, 2024, Chainwire

EU-regulated crypto trading platform Blocktrade is celebrating a major milestone after its Arcade surpassed a million gameplays just three months after launch. The landmark highlights the feature’s immediate popularity with users, who clearly value the Arcade’s blend of gaming excitement and trading thrills.

Designed to elevate the typical trading experience with the integration of absorbing gamified content, Blocktrade Arcade sets the scene for a more interactive and dynamic experience. These arcade-style games also foster a sense of excitement and community, a departure from the often solitary nature of trading.

At launch, Blocktrade Arcade introduced a trio of games: Fly & Collect, Bubble Shooter, and Match 3. Each release was engineered to appeal to both casual gamers and crypto enthusiasts, balancing simplicity with riveting gameplay. While Fly & Collect compelled players to navigate obstacles and collect tokens, Bubble Shooter tested their skills in matching colored bubbles. Match 3’s classic puzzle format, meanwhile, encouraged strategic thinking.

Blocktrade Arcade’s engagement model – which offers Experience Points (XP) as rewards and daily limits on earned XP – encourages users to keep coming back. By promoting a sense of anticipation and urgency, the model has transformed Blocktrade into the go-to destination for many crypto traders around the world.

“We are absolutely delighted with the success of our Arcade, one of the first exchange products to effectively merge the worlds of gaming and crypto,” said Blocktrade CEO Christian Niedermüller. “By offering an experience that is both stimulating and rewarding, we’re making the world of crypto more accessible and engaging for all.”

A distinctive feature of Blocktrade Arcade is the individual leaderboards for each game. Tapping into the competitive spirit of gamers, this feature arouses a sense of community and camaraderie with many players having already shared their scores and debated strategy on platforms like Telegram.

The platform’s arcade games boast a 92% completion rate, indicating a high level of user engagement. With the average game session lasting just 50 seconds, the releases also cater to players’ busy lifestyles and encourage frequent platform visits.

Niedermüller says Blocktrade intends to expand its arcade offerings in the near future by introducing new games, further integrating its native BTEX token into the platform, and partnering with third-party game developers.

About Blocktrade:

Blocktrade is an EU-regulated gamified crypto trading platform. With a focus on innovation and accessibility, Blocktrade is dedicated to enhancing the digital asset trading experience for users around the world.

Website | X | Telegram | Discord | YouTube | Instagram | Facebook | LinkedIn

Contact

Head of MarketingMorteza Alamalhodam.alamalhoda@blocktrade.com

The post Blocktrade Arcade Surpasses One Million Gameplays Three Months After Launch appeared first on CoinChapter.

The landscape of cryptocurrency investment is witnessing significant shifts, with major players like Blackrock amassing substantial Bitcoin holdings and the rising anticipation of an altcoin season. As Bitcoin stabilizes, investors expect an investment spillover from Bitcoin which could trigger an alt season. Among the standout altcoins poised for potential growth are Rollblock (RBLK) and Polkadot (DOT).

Bitcoin (BTC): Strategic Accumulation and Market Dynamics

Blackrock has significantly increased its Bitcoin holdings, now possessing over 250,000 BTC. This move reflects a growing institutional interest in Bitcoin as a legitimate asset class. The upcoming Bitcoin halving event, set to occur in 2024, is also generating excitement. This event will reduce the daily Bitcoin mining reward, potentially leading to a decrease in supply and an increase in price if demand remains strong. Moreover, the launch of spot Bitcoin ETFs in the United States has spurred additional institutional interest, supporting higher price levels. These developments are actively preparing the stage for what could be an impressive bull run shortly.

As the halving got as close, we experienced somewhat of a “sell the news” event as Bitcoin hit $64,000. However, looking at the last 30 days Bitcoin is still up 2.30%. With a current RSI of 70, a correction was probably necessary before we experience another leg up. With Bitcoin growing 1.82% today and the weekly moving averages showing a strong buy we could move upward again.

Polkadot (DOT): Facilitating Interoperability and Innovation

Polkadot stands out in the blockchain ecosystem for its interoperability and scalability features. Since DOT is designed to connect various blockchains into a unified network, it enables the transfer of data and value across previously incompatible networks. This “internet of blockchains” approach allows for a high degree of cooperation among different blockchain projects. Polkadot’s recent 32% dip puts it at a cheap price with an RSI of 45. Even though DOT has fallen following the broader dip there’s a lot to look forward to.

A series of technical upgrades are on the horizon, including trustless bridges, asynchronous backing, and on-demand parachains. The enhancements aim to simplify the integration process for new ventures into the Polkadot ecosystem and ensure greater ease of use and functionality​.

The Polkadot network is also seeing a notable increase in staking, with the total volume of staked Polkadot rising significantly. The introduction of nomination pools, which cater to users seeking a more passive staking experience, partly accounts for this boost.

These auctions are critical for adding new blockchains to the Polkadot network, enhancing its interoperability and scalability. As the dip makes some wary, they seek out other investments whose value is influenced by revenue.

Rollblock (RBLK): Pioneering the Future of Online Gambling

Rollblock not only facilitates swift and secure transactions but also plays a crucial role in the platform’s reward system. The platform splits 30% of its daily revenue between rewarding stakers and purchasing $RBLK tokens on the open market. The platform then burns the purchased tokens, which drives up Rollblock’s price. This introduces a new level of financial interaction, supported by actual casino earnings and the deflationary effect of token burns.

Rollblock’s approach combines enhanced transaction security, user-centric benefits, and compliance with regulatory standards while tokenomics ensures long-term growth. The platform’s commitment to transparency and security, backed by blockchain technology, offers a robust solution to the typical challenges faced by online gambling systems. With analysts expecting a 100x surge, it seems to be a popular investment.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

The post Blackrock Now Holds Over 250,000 Bitcoin (BTC),Investors Gear Up For Altcoin Season With Rollblock (RBLK) and Polkadot (DOT) appeared first on CoinChapter.

Litecoin LTC price Read CoinChapter.com on Google News

NOIDA (CoinChapter.com)— The price of Litecoin is recovering following the April flash market crash. Moreover, Litecoin recently achieved an important milestone, but that might not excuse the token from the bearish cues threatening it.

Litecoin recently marked 12.5 years of continuous operation, emphasizing its network stability. Created in 2011 by Charlie Lee as an alternative to Bitcoin, Litecoin has remained functional without significant downtime, showcasing the reliability of its technology and the dedication of its development team.

Litecoin celebrated a key milestone.

Key updates have included periodic “halving” events, the latest in August 2023, which reduced mining rewards to 6.25 LTC to control inflation. As it develops with the cryptocurrency market, Litecoin’s significant milestones and adoption by over five million long-term holders reflect its relevance.

However, the LTC price has formed a bearish pattern with a massive downside target.

LTC Price Faces Risk From Technical Setup

Meanwhile, the LTC price is moving inside a bearish technical called the ‘Descending Triangle.’

LTC price formed a bearish setup with a 92% downside target. Source: Tradingview.com

Market analysts predominantly consider the descending triangle a bearish continuation signal in a technical chart pattern. A downward-sloping upper trendline characterizes this pattern, with declining resistance levels that progressively lower the peaks of the price action.

Additionally, a horizontal lower trendline acts as support, maintaining a consistent low point that the price struggles to breach. The formation indicates that selling pressure is gradually increasing, overcoming the buying interest, as each rally is weaker than the last.

In a descending triangle setup, the height of the triangle’s thickest section determines the price target. If the bearish pattern pans out, LTC price could drop over 92% to reach the pattern’s projected price target near $6.6.

But Will Litecoin Confirm The Pattern?

Litecoin whales, sharks, and shrimps show varying degrees of activity. The addresses with more than 1 million LTC tokens have remained mostly flat. Since such large holders could include exchange wallets, their position might not be very informative.

LTC token distribution. Source: Messari

However, wallets that hold 10,000 to 1 million tokens, the sharks, rose during 2024 before flatlining, which could indicate a hodling mindset among investors.

Interestingly, retail traders who hold 1,000 to 10,000 LTC tokens have been on the rise lately, suggesting a growing interest in the token in the retail market.

LTC active supply

Furthermore, Messari’s data shows that the 10-year, 5-year, and 4-year LTC active supply is rising, suggesting increased trading activity among long-term holders. However, the 3-year active supply is moving downward, indicating a likely hodling mindset among market participants.

If investors start hodling, the token’s circulating supply decreases, potentially increasing its price if demand remains the same.

LTC market dominance

On the other hand, the declining LTC dominance could worry investors, though it is not necessarily a sure-shot indicator of future price action. As such, Litecoin has a good chance of invalidating the bearish pattern, provided it does not face strong headwinds in the coming days.

LTC Bulls Targeting $90

LTC price has recovered strongly from the recent market crash, rising nearly 20% since April 13 to reach a daily high near $87 on April 24. However, the 20-day EMA (red wave) and 50-day EMA (purple wave) trendlines have formed a dynamic resistance confluence.

Breaking above the trendline resistance could help LTC’s price rally to resistance near $91. Moreover, breaking and consolidating above the immediate resistance level could help Litecoin’s price rally to resistance near $100.

LTCUSD daily price chart with RSI.

However, a rebuttal from the trendline resistance could send LTC price tumbling to the 200-day EMA (green wave) support near $78. Breaching the immediate support might force Litecoin to test the support near $70.

The relative strength index for LTC remained neutral, with a score of 48.39 on the daily chart, leaving bulls enough room to mount a rally.

The post Could Litecoin Really Crash 90% In the Near Future? appeared first on CoinChapter.

SEC crypto case cartoon Read CoinChapter.com on Google News

YEREVAN (CoinChapter.com) — Two senior attorneys from the U.S. Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, have resigned following a federal judge’s criticism of their management of an SEC crypto case against the cryptocurrency firm Debt Box.

Notably, Judge Robert Shelby accused the SEC of “gross abuse of power,” particularly due to the lead attorneys’ role in the matter. As a result of this criticism, Welsh and Watkins were threatened with termination. But instead, they chose to step down, highlighting the consequences of the regulatory missteps.

Yano’s tweet about SEC officials’ resignation. Source: X SEC Apologizes For Misconduct in Crypto Case — A LOL Moment

Judge Shelby identified that the SEC’s case against Debt Box was built on shaky grounds, with key arguments and evidence presented by Welsh and Watkins in the SEC crypto case being inadequate and misleading.

In one example, Welsh incorrectly informed the judge that DEBT Box, a company based in Draper, Utah, was closing bank accounts and moving assets overseas, claims the court later determined were false. This error was attributed to a miscommunication, for which Welsh subsequently apologized to the court.

Matt Walsh’s tweet on SEC vs. Debt Box lawsuit. Source: X

In December, SEC enforcement chief Gurbir Grewal extended an apology to the court for the misconduct of his department in handling the SEC crypto case. He announced the appointment of new attorneys to the case and mandated additional training for the agency’s enforcement staff.

The judgment comes after the SEC charged DEBT Box and its executives with defrauding investors of at least $49 million in July 2023. Following the regulator’s request, Judge Shelby had ordered the freezing of the company’s assets and placed the firm into receivership.

Will SEC Learn From Its Horrible Mistakes?

The case’s implications extend beyond the courtroom. In February, five U.S. senators voiced their alarm to SEC Chairman Gary Gensler concerning the regulator’s aggressive stance in the Debt Box incident within the framework of SEC crypto cases. Their concern highlights the broader unease about how the SEC wields its power in the rapidly evolving cryptocurrency market.

Meanwhile, the senators’ intervention underscores the growing scrutiny of regulatory practices in financial oversight, especially concerning innovative and emergent tech sectors. As the SEC moves to dismiss its charges against Debt Box, the outcome of this SEC crypto case may well set a precedent for future regulatory engagements in the digital finance arena.

To find more stories on SEC’s courtroom disasters, click here.

The post SEC in Trouble? Judge Forces Lawyers To Quit $49M Crypto Case appeared first on CoinChapter.

Dubai’s ultra-luxury resort, Atlantis the Royal, known for hosting spectacular performances by global icons like Beyoncé, hosted CoinW’s rebranding ceremony on April 17, 2024. The event, attended by industrial movers and shakers such as Davinci Jeremie, Ran Neuner, and Sheldon Diedericks, marked the unveiling of CoinW’s new logo. The ceremony also celebrated industry leaders who have contributed significantly to the mass adoption of digital assets, particularly through Web3 education.

The new logo features a distinct “C” shape, representing CoinW, but it’s more than just an abbreviation. The letter “C” is ingeniously composed of trading candle charts, symbolizing CoinW’s presence as a world-leading exchange. Demonstrating their commitment to constant innovation, the top left corner of the logo is intentionally left blank, symbolizing the philosophy of limitless possibilities in finance and blockchain.

Originally conceived as CoinWin, signifying the empowerment of individuals’ wealth growth, CoinW has realized its initial vision over the past seven years. Their futures trading success has propelled them into the top 10 crypto exchanges by futures trading volume. However, reflecting on their journey since its establishment, CoinW’s visionaries aspire to create a world of financial freedom, benefiting not only trading gurus but every ordinary individual. Thus, the rebranding campaign aims to reaffirm this vision.

CoinW chose this moment for their rebranding because they perceive 2024 as a pivotal moment in blockchain history. Specifically, past abstract visions of the future have materialized, witnessing significant progress in artificial intelligence, blockchain, and decentralized finance. The integration between AI and crypto transcends mere technological advancements, marking a profound shift in human interaction with the digital realm. CoinW seeks to enable everyone to experience and embrace this transformation.

As part of the grand ceremony, awards were presented to industry KOLs (Key Opinion Leaders), particularly those driving Web3 adoption across social media and communities. Awards such as Most Valuable Influencer (MVI) of the Year, Community Champion of the Year, Most Inspirational Crypto Voice, and Respected Leaders and Esteemed Audience were bestowed upon CoinW’s partners, including Davinci Jeremie and Ran Neuner.

The grand ceremony culminated in a mesmerizing performance by Lebanese pianist Guy Manoukian.

The post CoinW Unveils New Brand Identity, Targeting the Next 10 Million Users appeared first on CoinChapter.

ARKMining, a prominent player in the cloud mining industry, has unveiled groundbreaking innovations aimed at democratizing and enhancing the profitability of cryptocurrency mining. ARKMining seeks to transform the landscape of digital currency mining through its sophisticated technology and intuitive interface.

Their latest offering enables individuals to engage in mining popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin effortlessly, eliminating the barriers of expensive hardware and technical expertise. Leveraging advanced cloud mining technology, users can easily acquire mining contracts and commence earning profits promptly. ARKMining’s solution promises accessibility and profitability, making cryptocurrency mining accessible to a broader audience.

Simple Steps to Start Cloud Mining in 2024

Here are the simple steps to follow if you are going to start crypto cloud mining today:

Step 1: Choose a Cloud Mining Provider

ARKMining aims to make cryptocurrency mining easy, offering an accessible platform requiring a minimal initial deposit. Users can kickstart their cryptocurrency venture without substantial investment thanks to ARKMining’s straightforward signup process, enabling them to begin Bitcoin mining swiftly.

The platform ensures ease of use by providing daily yields on cloud computing power contracts and offering various withdrawal methods. Users benefit from flexibility, as they can exit the cloud mining industry anytime, fostering autonomy and risk management.

Platform Advantages

Here are some distinct advantages of ARKMining:

Instant $50 bonus upon signup.

Offers enhanced security with McAfee® and Cloudflare® protection.

No service or administrative fees.

Ensures guaranteed 100% uptime and responsive 24/7 technical support.

High profitability and daily payouts.

Ability to mine over 6 other currencies.

Step 2: Sign Up for an Account

Select ARKMining as your cloud mining provider and navigate their website to register for a new account. ARKMining simplifies the signup process, requiring only your email address to create an account. Once registered, users can immediately commence Bitcoin mining.

Step 3: Purchase a Mining Contract

ARKMining offers various mining contract options with distinct returns on investment (ROI) and contract durations. 

Opt for the following contracts to unlock additional passive income

Start earning income the day after purchasing a contract, and once earnings reach $200, users can opt to withdraw to their crypto wallet or reinvest in other contracts.

ARKMining manages all technical aspects of mining, including maintenance, power costs, and safety, providing users with a worry-free experience. This enables users to focus on maximizing profits without dealing with mining complexities.

ARKMining’s new solution arrives at an opportune moment amid the growing popularity of cryptocurrencies. It offers an effortless and profitable entry point for individuals and businesses into the mining industry, eliminating high costs and technical barriers. ARKMining is poised to disrupt the industry and democratize mining access with its innovative approach.

ARKMining’s user-friendly platform and promise of easy profits position it as the premier choice for those venturing into cryptocurrency mining.

To learn more about ARKMining please visit arkmining.com

Website : https://arkmining.com/

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post ARKMining Unveils Free Cloud Mining Service, Paving the Way for Seamless Crypto Investment in 2024. appeared first on CoinChapter.

The evaluation of Spotrade.net review demonstrates that under the guidance of Russel Hengton, it’s poised to become a leading authority in crypto and forex trading. Russel Hengton’s leadership has positioned Spotrade as a frontrunner in these markets, aiming to redefine the landscape of independent product evaluations and expert recommendations. It aspires to be the go-to online hub for consumers seeking genuine insights into a wide array of products and services related to crypto and forex trading.

In today’s overwhelming sea of options, Spotrade.net review stands out as a beacon of clarity. With a wealth of unbiased, meticulously researched insights, the site covers everything from cutting-edge technologies to innovative strategies, catering to diverse trader interests.

“Our vision with the launch of Spotrade.net review is to empower traders with accurate, comprehensive insights they can rely on,” said Russel Hengton, the CEO and Founder of Spotrade. “We’re dedicated to being a trusted ally in the trader decision-making process, providing insights that help users navigate the dynamic world of crypto and forex trading. Our commitment lies in delivering sincere, unbiased evaluations that stand out in today’s marketplace.”

The strength of Spotrade.net review lies in its rigorous evaluation methodology. Products undergo scrutiny by seasoned traders, focusing on essential aspects such as performance, reliability, and overall value. The platform’s unwavering commitment to honesty and transparency in every insight cements Spotrade.net review as a trusted name in the trading sector.

Beyond product assessments, Spotrade offers informative guides, educational articles, and the latest industry updates, ensuring traders are well-informed about market trends. Whether it’s new crypto technologies or forex trading strategies, Spotrade.net review provides comprehensive and candid insights users can rely on.

As the digital landscape evolves, Spotrade remains steadfast in providing trader guidance. With its user-friendly interface, extensive coverage, and dedication to impartial insights, Spotrade.net review is set to become the ultimate online destination for traders seeking reliable product insights and savvy trading advice.

Spotrade.net review is an innovative online platform committed to delivering unbiased, detailed insights into crypto and forex trading. Focused on quality and trustworthiness, Spotrade.net review is poised to become an indispensable tool for traders navigating the dynamic world of trading.

 

 

Website: https://Spotrade.net

 

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The post Spotrade.net analysis: A Trusted Destination for Unbiased Insights into Crypto and Forex Trading appeared first on CoinChapter.

XedoAI, a cutting-edge market data analyzer powered by artificial intelligence, announces its official launch, poised to transform the landscape of market analysis. Leveraging advanced machine learning algorithms, XedoAI delivers unparalleled insights into various markets, including cryptocurrency, stocks, and commodities.

“We are thrilled to introduce XedoAI to the market,” said Oliver Hooper, CEO of XedoAI. “Our platform represents a significant milestone in the evolution of market analysis, empowering investors and traders with actionable insights derived from the latest AI technologies.”

“We are using NVIDIA, AMD, IBM, Amazon AWS, and OpenAI technologies to improve our project,” added Hooper.

Key features of XedoAI include:

AI-Powered Insights: XedoAI harnesses the power of artificial intelligence to analyze vast volumes of market data and identify emerging trends and patterns.

Multi-Market Analysis: From cryptocurrencies to stocks and commodities, XedoAI provides comprehensive analysis across various markets, enabling users to make informed investment decisions.

Reliable Performance: Backed by robust technology infrastructure and partnerships with leading industry players, XedoAI delivers reliable performance and accuracy in market predictions.

In an exciting development, XedoAI (ticker symbol: $XEDO) will soon be listed on prominent cryptocurrency exchanges, including Binance, Gateio, Bybit, and Mexc. This listing marks a significant milestone for XedoAI, providing greater visibility and accessibility to investors and traders worldwide.

In addition to its advanced capabilities, XedoAI prioritizes user experience, offering an intuitive interface and personalized insights tailored to individual investment preferences.

About XedoAI:

XedoAI is a pioneering market data analyzer powered by artificial intelligence. Leveraging advanced machine learning algorithms and strategic partnerships with industry leaders, XedoAI delivers actionable insights and analysis across various markets, including cryptocurrency, stocks, and commodities. Headquartered in Dubai, XedoAI is committed to revolutionizing the landscape of market analysis through innovation and cutting-edge technology.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

For media inquiries, please contact:

Contact Person- Oliver Hooper

Email: contact@xedoai.com

Website: https://www.xedoai.com

PR Contact: 

Name- Arpita Karmakar

Website: https://newscoverage.agency/

Email: touch@newscoverage.agency

Telegram: @Arpita_nca

The post Introducing XedoAI: Revolutionizing Market Analysis with AI-Powered Insights appeared first on CoinChapter.

TuminEwap, a leading digital currency exchange registered in the United States and holding an MSB license, announced today that it will enter into a strategic cooperation agreement with a financial giant in Japan, marking its official expansion into the Asian market. This collaboration will combine TuminEwap’s technological innovation with the market depth of its partner to provide more efficient and secure cryptocurrency trading solutions to customers in Japan and the wider Asian region.

Since its inception, TuminEwap has been committed to enhancing the security and transparency of cryptocurrency trading through technological innovation. The company is renowned in the global cryptocurrency market for its high standards of compliance and user-friendly trading experience. Now, through the partnership with the Japanese financial giant, TuminEwap not only brings its advanced trading system to Japan but also offers more choices for cryptocurrency investors and traders in the entire Asian market.

Highlights of the collaboration include:

Technology integration and innovation: TuminEwap will integrate its blockchain technology and security measures with the partner’s local market experience to jointly develop customized products and services that meet the demands of the Japanese market.

 

Enhanced compliance framework: Both parties will work together to meet the stringent regulatory requirements in Japan and other regions of Asia, ensuring that the services provided fully comply with local regulations.

Market expansion and localized services: By establishing an operational center in Japan, TuminEwap will provide more localized services and support, enhancing user experience and facilitating market access.

 

Education initiatives and community engagement: TuminEwap plans to allocate resources to education and training programs, enhancing local users’ knowledge of cryptocurrency and trading skills while strengthening interaction with users through community activities.

 

The CEO of TuminEwap stated at the signing ceremony, “This is a significant expansion in TuminEwap’s global strategy. TuminEwap believes that the collaboration with the Japanese financial giant will not only accelerate TuminEwap’s market expansion but also strengthen TuminEwap’s presence in the Asian market. TuminEwap looks forward to bringing innovative trading experiences to Asian users and setting new industry standards.”

This strategic cooperation is not only an important milestone for TuminEwap in the Asian market but also a crucial step forward in its global expansion strategy. As the cryptocurrency market continues to evolve, TuminEwap is committed to promoting the acceptance and widespread adoption of cryptocurrencies worldwide through collaboration and technological innovation.

 

Media Contact

Company Name: TuminEwap

Contact: Debbie C. Brooks

Website: https://trade.tuminewap.net

Email: jeff@tuminewap.net

Disclaimer: The information provided in this press release is not a solicitation for investment, or intended as investment advice, financial advice, or trading advice. It is strongly recommended that you practice due diligence (including consultation with a professional financial advisor) before investing in or trading securities and cryptocurrency.

The post TuminEwap to Collaborate with Japanese Financial Giant, Accelerating Expansion in Asian Markets appeared first on CoinChapter.

Crypto Hub, a decentralized Launchpad, announced its strategic partnership with Areon Network, marking a significant milestone for both entities. This collaboration signified a new era of innovation within the Areon Ecosystem, providing users with a comprehensive suite of tools to navigate and thrive in the crypto space.

By joining forces, Crypto Hub assumed the mantle of the First Official Areon Network Launchpad, underscoring its dedication to advancing blockchain technology. This alliance merged the strengths of two industry leaders, promising to reshape the landscape of decentralized launches.

About Areon Network

Areon Network distinguished itself with its cutting-edge Layer 1 Blockchain and pioneering Proof of Area (PoA) consensus mechanism. With lightning-fast transaction speeds, minimal gas fees, and robust security measures, Areon Network offered users unparalleled advantages in today’s competitive crypto environment.

Crypto Hub Integration

The integration of Areon Network into Crypto Hub ushered in a new era of possibilities for Areon users. Through this collaboration, users gained access to a comprehensive suite of decentralized tools tailored to navigate and thrive within the Areon Network ecosystem.

Crypto Hub served as a catalyst for innovation, seamlessly connecting entrepreneurs and investors while providing robust solutions to propel cryptocurrency endeavors forward. Whether diversifying investment portfolios or launching new crypto projects, Crypto Hub offered the necessary tools and support for success.

Exclusive Perks for Areon Projects

Projects launching on Areon Network through Crypto Hub unlocked a host of exclusive perks and benefits designed to support their journey. From personalized mentorship with Areon Network experts to targeted advertising and marketing boosts, Crypto Hub ensured comprehensive support at every stage.

These perks include:

– One-on-One Mentorship;

– Advertisement and Marketing Boost;

– Listing Support on CEX;

– Liquidity Support;

– KYC & Smart Contract Audit Voucher;

To learn more, join the Crypto Hub community for an upcoming Ask Me Anything (AMA) session with Areon Network. Register on Luma and collect rewards on Galxe to learn more about this partnership.

The post Crypto Hub Announces Partnership with Areon Network, Becoming the First Official Areon Launchpad appeared first on CoinChapter.

Key Takeaways:

Bitcoin is facing a major hurdle near the $67,500 region.

BTC/USD is testing a connecting bearish trend line with resistance at $67,200 on the daily chart.

The price could start a fresh increase if there is a close above the 50-day simple moving average (blue).

Bitcoin price prediction Read CoinChapter.com on Google News

Bitcoin price remained strong above the $60,000 support zone. BTC started a fresh increase and now faces a major hurdle at $67,500.

Bitcoin Price Holds Key Uptrend Support

In the last analysis with a weekly chart, we discussed the importance of the $60,000 support zone for Bitcoin. The price did test dive, but the bulls were active near the $60,000 zone and the parabolic curve. A low was formed at $59,675, and the price started a fresh increase.

BTC climbed higher above the $65,000 resistance zone. It sparked positive moves in cryptocurrencies such as Ethereum, Solana, XRP, BNB, and Dogecoin.

Bitcoin price daily chart | Source: BTC/USD on TradingView.com

Bitcoin price surpassed the 50% Fib retracement level of the downward move from the $72,762 swing high to the $59,675 low. However, the price is now testing a connecting bearish trend line with resistance at $67,200 on the daily chart.

It seems like BTC is facing a major hurdle near the $67,000 and $67,500 levels. It is close to the 61.8% Fib retracement level of the downward move from the $72,762 swing high to the $59,675 low and coincides with the 50-day simple moving average (blue).

To continue higher and gain bullish momentum, the price must settle above the $67,500 resistance and the 50-day simple moving average (blue). The next key resistance sits at $70,000, above which the price could accelerate higher.

The main resistance is now near the $72,650 level. The next major resistance might be near the last high at $73,600. A daily close above the $73,600 resistance zone could open the doors for a move toward the $80,000 region.

Another Drop In BTC?

Conversely, Bitcoin price might face rejection near $67,600 and start another decline. Immediate support is near the $65,000 level. The first major support is near the $64,000 zone.

The next support is now forming near the $62,000 zone. The main uptrend support is still near the $60,000 region. If the bulls fail to protect the $60,000 support, there could be a larger decline. In the stated case, the price might decline toward the $50,000 support.

Overall, Bitcoin price is holding gains above the $64,000 support zone. If BTC/USD clears the $67,500 resistance, it could gain bullish momentum. If not, there could be a drop toward the $62,000 support.

The post Bitcoin Price Hits Critical Resistance Level — Can Bulls Send BTC To $72K? appeared first on CoinChapter.