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Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge?Ethereum price gained pace above the $3,350 resistance zone. ETH even tested $3,500 and aims for more upsides in the near term. Ethereum is showing strength and tested the $3,500 level. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise above the $3,500 and $3,550 resistance levels. Ethereum Price Climbs 10%, Bulls In Action Ethereum price started a major increase above the $3,250 resistance zone. ETH even climbed above the $3,350 resistance to move further into a positive zone. Finally, there was a move above the $3,440 resistance, like Bitcoin. It tested the $3,500 resistance zone. A high was formed at $3,497 and the price is now consolidating gains. The bulls seem to be active well above the 23.6% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high. Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,320 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,550 level. A close above the $3,550 level might send Ether toward the $3,650 resistance. The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher toward the $3,880 resistance zone in the coming days. Are Dips Limited In ETH? If Ethereum fails to clear the $3,500 resistance, it could start a downside correction. Initial support on the downside is near $3,400. The first major support sits near the $3,320 zone and the trend line. A clear move below the $3,320 support might push the price toward $3,270 or the 50% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,320 Major Resistance Level – $3,500 Source: NewsBTC.com The post Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge? appeared first on Crypto Breaking News.

Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge?

Ethereum price gained pace above the $3,350 resistance zone. ETH even tested $3,500 and aims for more upsides in the near term.

Ethereum is showing strength and tested the $3,500 level.

The price is trading above $3,350 and the 100-hourly Simple Moving Average.

There is a key bullish trend line forming with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to rise above the $3,500 and $3,550 resistance levels.

Ethereum Price Climbs 10%, Bulls In Action

Ethereum price started a major increase above the $3,250 resistance zone. ETH even climbed above the $3,350 resistance to move further into a positive zone. Finally, there was a move above the $3,440 resistance, like Bitcoin.

It tested the $3,500 resistance zone. A high was formed at $3,497 and the price is now consolidating gains. The bulls seem to be active well above the 23.6% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high.

Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,320 on the hourly chart of ETH/USD.

On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,550 level. A close above the $3,550 level might send Ether toward the $3,650 resistance.

The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher toward the $3,880 resistance zone in the coming days.

Are Dips Limited In ETH?

If Ethereum fails to clear the $3,500 resistance, it could start a downside correction. Initial support on the downside is near $3,400. The first major support sits near the $3,320 zone and the trend line.

A clear move below the $3,320 support might push the price toward $3,270 or the 50% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,150.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,320

Major Resistance Level – $3,500

Source: NewsBTC.com

The post Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge? appeared first on Crypto Breaking News.
SEC has given ‘preliminary approval’ to at least 3 ETH ETF issuers: ReportThe United States Securities and Exchange Commission has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds — adding fuel to speculation that the ETFs will begin trading as early as next Tuesday. SEC approval is now only contingent on applicants submitting final offering documents to the regulator before the end of this week, “three industry sources” told Reuters in a July 15 report. Those applicants included BlackRock, Franklin Templeton and VanEck, the sources said. Fidelity, ARK 21Shares, Grayscale, Bitwise and Invesco Galaxy are also in the running to launch their Ether products next week. One of those sources told Reuters that all eight spot Ether (ETH) ETFs are expected to launch simultaneously — similar to how the SEC handled the spot Bitcoin (BTC) ETFs. Source: Nate Geraci It comes as the SEC reportedly delivered final instructions to asset managers preparing to launch Ether exchange-traded funds (ETFs). According to Bloomberg ETF analyst Eric Balcunhas, the Commission instructed issuers to submit their final S-1 filings by July 16. Balchunas noted all applicants must state the fee attached to their spot Ether ETFs when submitting their amended S-1 filings this week. He also expects the SEC to officially approve the S-1s next Monday after trading hours close — allowing the spot Ether ETFs to officially start trading on Tuesday, July 23. Gary Gensler’s commission delivered a first round of feedback on the S-1 filings in late June, which came about five weeks after the SEC approved the 19b-4 filings on May 23. Related: Ether could outperform Bitcoin after spot ETF launch: Kaiko Reuter’s report is consistent with recent comments shared by Bitwise’s chief compliance officer, Katherine Dowling, who said they have seen “fewer and fewer issues” vetted back and forth between the issuers and the SEC with the amended S-1 filings. “So that points all signs in the direction that we are close. We’re close to the finish line on the launch,” Dowling said on July 9. Bitwise’s chief investment officer Matt Hougan speculated that the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading — roughly the same amount that the spot Bitcoin ETFs have mustered since launching six months ago. If approved, the spot Ether ETFs would be listed on the Nasdaq, New York Stock Exchange and the Chicago Board Options Exchange. Ether is currently trading at $3,484, up 6.7% over the last 24 hours. Magazine: Ethereum’s recent pullback could be a gift — Dynamo DeFi

SEC has given ‘preliminary approval’ to at least 3 ETH ETF issuers: Report

The United States Securities and Exchange Commission has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds — adding fuel to speculation that the ETFs will begin trading as early as next Tuesday.

SEC approval is now only contingent on applicants submitting final offering documents to the regulator before the end of this week, “three industry sources” told Reuters in a July 15 report.

Those applicants included BlackRock, Franklin Templeton and VanEck, the sources said.

Fidelity, ARK 21Shares, Grayscale, Bitwise and Invesco Galaxy are also in the running to launch their Ether products next week.

One of those sources told Reuters that all eight spot Ether (ETH) ETFs are expected to launch simultaneously — similar to how the SEC handled the spot Bitcoin (BTC) ETFs.

Source: Nate Geraci

It comes as the SEC reportedly delivered final instructions to asset managers preparing to launch Ether exchange-traded funds (ETFs).

According to Bloomberg ETF analyst Eric Balcunhas, the Commission instructed issuers to submit their final S-1 filings by July 16.

Balchunas noted all applicants must state the fee attached to their spot Ether ETFs when submitting their amended S-1 filings this week.

He also expects the SEC to officially approve the S-1s next Monday after trading hours close — allowing the spot Ether ETFs to officially start trading on Tuesday, July 23.

Gary Gensler’s commission delivered a first round of feedback on the S-1 filings in late June, which came about five weeks after the SEC approved the 19b-4 filings on May 23.

Related: Ether could outperform Bitcoin after spot ETF launch: Kaiko

Reuter’s report is consistent with recent comments shared by Bitwise’s chief compliance officer, Katherine Dowling, who said they have seen “fewer and fewer issues” vetted back and forth between the issuers and the SEC with the amended S-1 filings.

“So that points all signs in the direction that we are close. We’re close to the finish line on the launch,” Dowling said on July 9.

Bitwise’s chief investment officer Matt Hougan speculated that the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading — roughly the same amount that the spot Bitcoin ETFs have mustered since launching six months ago.

If approved, the spot Ether ETFs would be listed on the Nasdaq, New York Stock Exchange and the Chicago Board Options Exchange.

Ether is currently trading at $3,484, up 6.7% over the last 24 hours.

Magazine: Ethereum’s recent pullback could be a gift — Dynamo DeFi
Pepe Soars Amidst Bullish Crypto Market; Pepe Unchained Raises $3.5M in ICODisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto market revives: Bitcoin up 4% in 24hrs, 10% in a week. Pepe sees a 5% rise. Pepe Unchained gains momentum in $3.5M presale amid market surge. The crypto market is seeing a revival with Bitcoin up 4% in 24 hours and 10% in a week. Other coins are seeing the benefit, including memecoins, with Pepe one beneficiary of a 5% rise in value. Meanwhile, a new Pepe-inspired memecoin called Pepe Unchained (PEPU) is also gaining momentum throughout its presale, which has just surged past $3.5M. And with the crypto market back on the rise, now could be the best time to invest in this unique memecoin. Pepe Unchained has its own blockchain Memecoins have dominated in 2024. From Pepe to Mog Coin, these joke tokens have kept captivating the masses and pulling massive returns for investors. But now, a new meta is taking shape: memecoins with utility.  Shiba Inu kickstarted this trend in 2021 with utilities like a DEX and Play-to-Earn game. Newcomers like Bonk and Floki also have integrated utilities. Each of these tokens has enjoyed strong performances against other memecoins recently.  For instance, Bonk flipped its no-utility Solana peer Dogwifhat, and Shiba Inu has outperformed Dogecoin by over 2x in the past year. But until now, there are no utility-centered memecoins that embrace the iconic Pepe the Frog meme. That was before Pepe Unchained entered the arena. This token will be the first Pepe-themed cryptocurrency with its own blockchain. It is building an Ethereum layer 2 that is cheaper and faster than the main network while retaining its decentralization and security. But Pepe Unchained devs are not stopping there. It also has a block explorer, Ethereum bridge, and staking. With the project in its presale, traders don’t have to wait for staking. The feature is live and offers potential massive rewards, thanks to the project’s lower operational costs. Currently, stakers can garner a 522% APY – that’s a no-brainer compared to Ethereum’s 7% staking. Investors sink $3.5M in funding into PEPU presale Market participants have flooded the Pepe Unchained presale. It recently cleared the $3.5 million total raised milestone, indicating that many people are paying attention. But it’s not just investors. Top crypto influencers and key opinion leaders (KOLs) are also in support. For instance, Jacob Bury cheered on the project when it raised $3 million and said it could be the next 10x memecoin. “I’ve never seen a memecoin with its own block explorer… I do believe we could see this become the next 2-10x,” he said. Prominent players like the 99Bitcoins YouTube channel (700K subscribers) and Austin Hilton (271K subscribers) have also covered it. Despite an already bullish outlook, Pepe Unchained is at an inflection point. Amid unwavering support from top industry analysts, the crypto bull market is regaining momentum. This could trigger a swift presale sellout and price explosion as $PEPU hits exchanges. You might also like: Pepe price falls over 20% while Pepe Unchained presale raises $2.5m Pepe Unchained sees gains as memecoins rally Memecoins have found concrete support and are now embarking on an upward trajectory. The joke token sector has decisively outpaced the broader market today. While the total crypto market is up 3.6%, the memecoin sector has risen 7.3% – more than two times the average. Crypto prices have been green for a while now. The industry’s market cap has increased for seven out of the last eight days. This follows months of bearish momentum, but analysts think the bottom is in. #Bitcoin white line is key, resistance which will turn to support very soon. Since 54k I tell you bottom is inI am confident we will close above it, if not today, then in the coming days. No new lows are expected. We will close above and continue towards 66-67k next pic.twitter.com/7KFYb8XtPt — Doctor Profit 🇨🇭 (@DrProfitCrypto) July 14, 2024 With that, it seems the crypto bull market is back. And with memecoins continually outperforming the market, there’s no better time to be an investor. Pepe Unchained’s position as a new launch with unique utility makes it one to watch. Huge gains must not be ruled out. Investors can buy Pepe Unchained at $0.0084261. However, this price is expected to rise as the presale progresses, with the next increase in 16 hours. For more information, visit the Pepe Unchained presale website or follow the project on X and Telegram for the latest updates. Read more: Pepe rises as Layer 2 token Pepe Unchained emerges as new contender Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Pepe Soars Amidst Bullish Crypto Market; Pepe Unchained Raises $3.5M in ICO

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Crypto market revives: Bitcoin up 4% in 24hrs, 10% in a week. Pepe sees a 5% rise. Pepe Unchained gains momentum in $3.5M presale amid market surge.

The crypto market is seeing a revival with Bitcoin up 4% in 24 hours and 10% in a week. Other coins are seeing the benefit, including memecoins, with Pepe one beneficiary of a 5% rise in value.

Meanwhile, a new Pepe-inspired memecoin called Pepe Unchained (PEPU) is also gaining momentum throughout its presale, which has just surged past $3.5M.

And with the crypto market back on the rise, now could be the best time to invest in this unique memecoin.

Pepe Unchained has its own blockchain

Memecoins have dominated in 2024. From Pepe to Mog Coin, these joke tokens have kept captivating the masses and pulling massive returns for investors. But now, a new meta is taking shape: memecoins with utility. 

Shiba Inu kickstarted this trend in 2021 with utilities like a DEX and Play-to-Earn game. Newcomers like Bonk and Floki also have integrated utilities. Each of these tokens has enjoyed strong performances against other memecoins recently. 

For instance, Bonk flipped its no-utility Solana peer Dogwifhat, and Shiba Inu has outperformed Dogecoin by over 2x in the past year. But until now, there are no utility-centered memecoins that embrace the iconic Pepe the Frog meme.

That was before Pepe Unchained entered the arena.

This token will be the first Pepe-themed cryptocurrency with its own blockchain. It is building an Ethereum layer 2 that is cheaper and faster than the main network while retaining its decentralization and security.

But Pepe Unchained devs are not stopping there. It also has a block explorer, Ethereum bridge, and staking. With the project in its presale, traders don’t have to wait for staking.

The feature is live and offers potential massive rewards, thanks to the project’s lower operational costs. Currently, stakers can garner a 522% APY – that’s a no-brainer compared to Ethereum’s 7% staking.

Investors sink $3.5M in funding into PEPU presale

Market participants have flooded the Pepe Unchained presale. It recently cleared the $3.5 million total raised milestone, indicating that many people are paying attention. But it’s not just investors.

Top crypto influencers and key opinion leaders (KOLs) are also in support. For instance, Jacob Bury cheered on the project when it raised $3 million and said it could be the next 10x memecoin.

“I’ve never seen a memecoin with its own block explorer… I do believe we could see this become the next 2-10x,” he said.

Prominent players like the 99Bitcoins YouTube channel (700K subscribers) and Austin Hilton (271K subscribers) have also covered it.

Despite an already bullish outlook, Pepe Unchained is at an inflection point. Amid unwavering support from top industry analysts, the crypto bull market is regaining momentum.

This could trigger a swift presale sellout and price explosion as $PEPU hits exchanges.

You might also like: Pepe price falls over 20% while Pepe Unchained presale raises $2.5m

Pepe Unchained sees gains as memecoins rally

Memecoins have found concrete support and are now embarking on an upward trajectory. The joke token sector has decisively outpaced the broader market today.

While the total crypto market is up 3.6%, the memecoin sector has risen 7.3% – more than two times the average. Crypto prices have been green for a while now.

The industry’s market cap has increased for seven out of the last eight days. This follows months of bearish momentum, but analysts think the bottom is in.

#Bitcoin white line is key, resistance which will turn to support very soon. Since 54k I tell you bottom is inI am confident we will close above it, if not today, then in the coming days. No new lows are expected. We will close above and continue towards 66-67k next pic.twitter.com/7KFYb8XtPt

— Doctor Profit 🇨🇭 (@DrProfitCrypto) July 14, 2024

With that, it seems the crypto bull market is back. And with memecoins continually outperforming the market, there’s no better time to be an investor.

Pepe Unchained’s position as a new launch with unique utility makes it one to watch. Huge gains must not be ruled out. Investors can buy Pepe Unchained at $0.0084261. However, this price is expected to rise as the presale progresses, with the next increase in 16 hours.

For more information, visit the Pepe Unchained presale website or follow the project on X and Telegram for the latest updates.

Read more: Pepe rises as Layer 2 token Pepe Unchained emerges as new contender

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Bitcoin Price Nears $63,000 Amid Broader Market RallyThe price of Bitcoin recovered above $62,000 over the weekend amid a broader crypto market rally. The leading cryptocurrency is currently up nearly 6% in the last 24 hours as it nears $63,000. The price of Bitcoin began its rally soon after the assassination attempt of the former US President and the current Republican presidential candidate Donald Trump. The broader market rally saw a significant jump in prices of ETH, SOL, BNB, and TON. Many meme coins related to Donald Trump also saw massive surge after the former President revealed he was shot in the upper part of his ear on the weekend. Over $100 Million Leveraged Positions Liquidated in 24 Hours In the last 24 hours, over 38,900 crypto traders were liquidated out of $113 million leveraged positions out of which over $90 million were short positions. Alone Bitcoin contributed to $47 million to the liquidation that occurred in the last 24 hours, as per Coinglass data. The recent rally has come after a harsh sell-off in recent weeks in the crypto market. Bitcoin price fell as much as $53,000 earlier this month on the heels of Mt Gox redistribution of Bitcoins and the German government selling millions in the seized crypto. The rally has come as a respite to traders after a few weeks of red. Major meme coins also saw a significant increase in their prices over the weekend. The largest meme coin by the market cap Dogecoin is up over 3% in the last 24 hours and is currently trading at $0.1176. Meme coins PEPE and Dofwifhat saw the most gains in the last 24 hours with both trading 6% higher. #bitcoin #Write2Win #btc #binnace #tradinginsight

Bitcoin Price Nears $63,000 Amid Broader Market Rally

The price of Bitcoin recovered above $62,000 over the weekend amid a broader crypto market rally. The leading cryptocurrency is currently up nearly 6% in the last 24 hours as it nears $63,000.
The price of Bitcoin began its rally soon after the assassination attempt of the former US President and the current Republican presidential candidate Donald Trump. The broader market rally saw a significant jump in prices of ETH, SOL, BNB, and TON.
Many meme coins related to Donald Trump also saw massive surge after the former President revealed he was shot in the upper part of his ear on the weekend.
Over $100 Million Leveraged Positions Liquidated in 24 Hours
In the last 24 hours, over 38,900 crypto traders were liquidated out of $113 million leveraged positions out of which over $90 million were short positions. Alone Bitcoin contributed to $47 million to the liquidation that occurred in the last 24 hours, as per Coinglass data.

The recent rally has come after a harsh sell-off in recent weeks in the crypto market. Bitcoin price fell as much as $53,000 earlier this month on the heels of Mt Gox redistribution of Bitcoins and the German government selling millions in the seized crypto. The rally has come as a respite to traders after a few weeks of red.
Major meme coins also saw a significant increase in their prices over the weekend. The largest meme coin by the market cap Dogecoin is up over 3% in the last 24 hours and is currently trading at $0.1176. Meme coins PEPE and Dofwifhat saw the most gains in the last 24 hours with both trading 6% higher.

#bitcoin #Write2Win #btc #binnace #tradinginsight
​​Breaking Blockchain Barriers: How Cross-Chain Interoperability Is Changing DeFi and Shaping the...DeFi’s current status is comparable to having several distinct financial systems that are difficult to communicate with one another. If a user has assets on Ethereum, they cannot be used immediately in DeFi apps on other chains, such as Solana or Binance Smart Chain, without requiring time-consuming bridging procedures. This limits the potential of DeFi overall by causing friction for both developers and consumers. How to Solve This Problem? Cross-chain interoperability aims to eliminate these obstacles and provide a strong DeFi environment. Interoperability solutions facilitate smooth connections across various blockchain networks, which might open up new possibilities for composability and liquidity in DeFi. Liquidity could flow freely throughout the whole ecosystem, users could transfer assets between chains with ease, and developers could construct cross-chain apps. Interoperability for DeFi has enormous potential advantages. Greater capital efficiency may result from it as assets wouldn’t be isolated on separate chains. It is possible that new cross-chain financial services and products that combine the advantages of many networks may surface. DeFi’s overall usability and accessibility would greatly increase, which would encourage widespread adoption. Photo: Blaize Tech True cross-chain interoperability is a difficult technological task to achieve, nevertheless. Consensus processes, smart contract languages, and security frameworks differ between blockchains. It is not an easy effort to bridge these gaps while preserving decentralization and security. Numerous initiatives and strategies have surfaced to address the interoperability problem from various perspectives. One of the first and most popular interoperability solutions was cross-chain bridges. Although bridges have increased asset mobility, as shown by a number of well-publicized bridge hacks, they frequently depend on centralized components and provide additional security issues. Photo: Basic blockchain bridge schema, Chainlink Photo: List of blockchain bridges, DefiLlama Ecosystems that are Currently Working on the Interoperability In order to provide trustless operation across chains without creating centralized weaknesses, more advanced interoperability protocols are being developed. Polkadot and Cosmos are two projects that are constructing whole ecosystems from the bottom up with cross-chain interoperability in mind. Several parachains are connected via a central chain in Polkadot’s hub-and-spoke solution. The IBC protocol is used by Cosmos to facilitate the sharing of assets and data between several chains. By enabling the transfer of assets and data between the main chain and L2 networks, layer 2 scaling solutions like Arbitrum and Optimism are improving Ethereum’s interoperability. Scalability is increased while Ethereum’s security requirements are upheld. The “oracle problem” is being addressed by initiatives such as Chainlink, which offers decentralized data feeds that are interoperable with numerous chains. Another method for facilitating cross-chain connections is through atomic swaps, which enable peer-to-peer, trustless asset transactions between several blockchains. With this technology, cross-chain trades no longer require middlemen. However, the speed and complexity constraints of atomic swaps have prevented their broad use thus far. Are There Any Problems with Cross-chain Interoperability? Security is critical because poorly designed interoperability protocols may offer new attack vectors. The hazards involved are highlighted by the current round of bridge cyberattacks. Scalability is another important consideration since DeFi applications require cross-chain connectivity to be quick and affordable. It is possible that standardization initiatives will be crucial in promoting interoperability. Cross-chain communication protocols and common standards might make development more easier and increase interoperability across various systems. But it’s not as simple as it seems to come to an agreement on standards in the disordered blockchain setting. Additionally, the regulatory environment that surrounds cross-chain DeFi operations is unclear. Regulators may find it increasingly difficult to police compliance when assets move freely between chains. The long-term sustainability of cross-chain DeFi will depend on well-defined regulatory frameworks that strike a balance between consumer protection and innovation. The Importance of Cross-chain Interoperability for the Whole Market There is no denying the momentum in favor of cross-chain interoperability in DeFi, notwithstanding the obstacles. Cross-chain communication is crucial, but Ethereum co-founder Vitalik Buterin has cautioned about possible security trade-offs in his remarks. Future DeFi systems are probably going to be multi-chain and compatible by design. We could see a varied ecology of specialized chains and layer 2 networks that are all fluidly integrated, as opposed to a single dominating chain. By doing so, the distinct advantages and characteristics of many networks would be combined while their respective shortcomings would be addressed. Cross-chain interoperability may open the door to whole new DeFi product and application categories. Imagine a loan protocol that enables users to collateralize assets from one chain to borrow assets on another, or a decentralized exchange that can instantaneously tap into liquidity across many chains. There are a lot of opportunities for financial innovation. Enhanced interoperability might also aid in resolving some of the present issues with DeFi. Two of the biggest hurdles to the adoption of well-known networks like Ethereum have been gas prices and network congestion. The user experience and overall efficiency might be enhanced by more equitably distributing activity among networks with seamless cross-chain capabilities. Photo: JMcrypto, Medium The wider blockchain ecosystem may be greatly affected by the emergence of cross-chain DeFi. It may lessen the winner-take-all dynamic that has typified a large portion of the history of cryptocurrencies by enabling several chains to coexist and specialize. In the industry as a whole, this may encourage increased inventiveness and resilience. Widespread cross-chain interoperability in DeFi is probably not going to happen overnight. Before spreading to more varied ecosystems, interoperability may first appear amongst closely linked chains (e.g., Ethereum and its numerous layer 2 networks). Battle-testing and auditing will be necessary to gradually gain trust in cross-chain solutions. Adoption of cross-chain DeFi will also be greatly impacted by user experience and education. Because of the intricacy and lack of experience with bridging operations, many users continue to adhere to a single-chain setting. It will be crucial to provide smooth, intuitive user interfaces that abstract away the difficulties of cross-chain interactions. During the Hack Seasons Conference in Brussels, Abril Zucchi, a DevRel Advocate at Morph, shared her vision on interoperability. She says that their primary approach as L2 EVM is to bring consumer-focused blockchain applications to our chain. Currently, they’re primarily focusing on scaling solutions for Ethereum. Because of this focus, they’re not prioritizing cross-chain interoperability at the moment. According to Abril, other companies, like IBC protocols, are working on cross-chain interoperability solutions, while Morph is focused on scaling Ethereum. The post ​​Breaking Blockchain Barriers: How Cross-Chain Interoperability Is Changing DeFi and Shaping the Future of Finance appeared first on Metaverse Post.

​​Breaking Blockchain Barriers: How Cross-Chain Interoperability Is Changing DeFi and Shaping the...

DeFi’s current status is comparable to having several distinct financial systems that are difficult to communicate with one another. If a user has assets on Ethereum, they cannot be used immediately in DeFi apps on other chains, such as Solana or Binance Smart Chain, without requiring time-consuming bridging procedures. This limits the potential of DeFi overall by causing friction for both developers and consumers.

How to Solve This Problem?

Cross-chain interoperability aims to eliminate these obstacles and provide a strong DeFi environment. Interoperability solutions facilitate smooth connections across various blockchain networks, which might open up new possibilities for composability and liquidity in DeFi. Liquidity could flow freely throughout the whole ecosystem, users could transfer assets between chains with ease, and developers could construct cross-chain apps.

Interoperability for DeFi has enormous potential advantages. Greater capital efficiency may result from it as assets wouldn’t be isolated on separate chains. It is possible that new cross-chain financial services and products that combine the advantages of many networks may surface. DeFi’s overall usability and accessibility would greatly increase, which would encourage widespread adoption.

Photo: Blaize Tech

True cross-chain interoperability is a difficult technological task to achieve, nevertheless. Consensus processes, smart contract languages, and security frameworks differ between blockchains. It is not an easy effort to bridge these gaps while preserving decentralization and security. Numerous initiatives and strategies have surfaced to address the interoperability problem from various perspectives.

One of the first and most popular interoperability solutions was cross-chain bridges. Although bridges have increased asset mobility, as shown by a number of well-publicized bridge hacks, they frequently depend on centralized components and provide additional security issues.

Photo: Basic blockchain bridge schema, Chainlink

Photo: List of blockchain bridges, DefiLlama

Ecosystems that are Currently Working on the Interoperability

In order to provide trustless operation across chains without creating centralized weaknesses, more advanced interoperability protocols are being developed. Polkadot and Cosmos are two projects that are constructing whole ecosystems from the bottom up with cross-chain interoperability in mind.

Several parachains are connected via a central chain in Polkadot’s hub-and-spoke solution. The IBC protocol is used by Cosmos to facilitate the sharing of assets and data between several chains.

By enabling the transfer of assets and data between the main chain and L2 networks, layer 2 scaling solutions like Arbitrum and Optimism are improving Ethereum’s interoperability. Scalability is increased while Ethereum’s security requirements are upheld. The “oracle problem” is being addressed by initiatives such as Chainlink, which offers decentralized data feeds that are interoperable with numerous chains.

Another method for facilitating cross-chain connections is through atomic swaps, which enable peer-to-peer, trustless asset transactions between several blockchains. With this technology, cross-chain trades no longer require middlemen. However, the speed and complexity constraints of atomic swaps have prevented their broad use thus far.

Are There Any Problems with Cross-chain Interoperability?

Security is critical because poorly designed interoperability protocols may offer new attack vectors. The hazards involved are highlighted by the current round of bridge cyberattacks. Scalability is another important consideration since DeFi applications require cross-chain connectivity to be quick and affordable.

It is possible that standardization initiatives will be crucial in promoting interoperability. Cross-chain communication protocols and common standards might make development more easier and increase interoperability across various systems. But it’s not as simple as it seems to come to an agreement on standards in the disordered blockchain setting.

Additionally, the regulatory environment that surrounds cross-chain DeFi operations is unclear. Regulators may find it increasingly difficult to police compliance when assets move freely between chains. The long-term sustainability of cross-chain DeFi will depend on well-defined regulatory frameworks that strike a balance between consumer protection and innovation.

The Importance of Cross-chain Interoperability for the Whole Market

There is no denying the momentum in favor of cross-chain interoperability in DeFi, notwithstanding the obstacles. Cross-chain communication is crucial, but Ethereum co-founder Vitalik Buterin has cautioned about possible security trade-offs in his remarks.

Future DeFi systems are probably going to be multi-chain and compatible by design. We could see a varied ecology of specialized chains and layer 2 networks that are all fluidly integrated, as opposed to a single dominating chain. By doing so, the distinct advantages and characteristics of many networks would be combined while their respective shortcomings would be addressed.

Cross-chain interoperability may open the door to whole new DeFi product and application categories. Imagine a loan protocol that enables users to collateralize assets from one chain to borrow assets on another, or a decentralized exchange that can instantaneously tap into liquidity across many chains. There are a lot of opportunities for financial innovation.

Enhanced interoperability might also aid in resolving some of the present issues with DeFi. Two of the biggest hurdles to the adoption of well-known networks like Ethereum have been gas prices and network congestion. The user experience and overall efficiency might be enhanced by more equitably distributing activity among networks with seamless cross-chain capabilities.

Photo: JMcrypto, Medium

The wider blockchain ecosystem may be greatly affected by the emergence of cross-chain DeFi. It may lessen the winner-take-all dynamic that has typified a large portion of the history of cryptocurrencies by enabling several chains to coexist and specialize. In the industry as a whole, this may encourage increased inventiveness and resilience.

Widespread cross-chain interoperability in DeFi is probably not going to happen overnight. Before spreading to more varied ecosystems, interoperability may first appear amongst closely linked chains (e.g., Ethereum and its numerous layer 2 networks). Battle-testing and auditing will be necessary to gradually gain trust in cross-chain solutions.

Adoption of cross-chain DeFi will also be greatly impacted by user experience and education. Because of the intricacy and lack of experience with bridging operations, many users continue to adhere to a single-chain setting. It will be crucial to provide smooth, intuitive user interfaces that abstract away the difficulties of cross-chain interactions.

During the Hack Seasons Conference in Brussels, Abril Zucchi, a DevRel Advocate at Morph, shared her vision on interoperability. She says that their primary approach as L2 EVM is to bring consumer-focused blockchain applications to our chain. Currently, they’re primarily focusing on scaling solutions for Ethereum. Because of this focus, they’re not prioritizing cross-chain interoperability at the moment.

According to Abril, other companies, like IBC protocols, are working on cross-chain interoperability solutions, while Morph is focused on scaling Ethereum.

The post ​​Breaking Blockchain Barriers: How Cross-Chain Interoperability Is Changing DeFi and Shaping the Future of Finance appeared first on Metaverse Post.
Donald Trump Issues Official Statement on Assassination AttemptDonald Trump has issued a statement on his assassination attempt, telling how it happened from his point of view and praying for all affected. Barack Obama and Joe Biden have both said they’re praying for Trump’s recovery while Nayib Bukele, Javier Milei, and Elon Musk announced their official support for him. Congressman Mike Collins said it was Biden who ordered the attack, and some people believe the whole thing was staged as a campaign strategy. Less than two hours after being shot, tough presidential candidate Donald Trump has issued an official statement thanking the United States Secret Service.  He offered his condolences to the family of the other person who was killed by mistake at the rally. The shooter has since been killed by Secret Services. Trump said the identity of the person who shot him is still unknown. Narrating the traumatizing occurrence from his point of view, the president said that: “I was shot with a bullet that pierced the upper part of my right ear. I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening. GOD BLESS AMERICA!” According to Elon Musk, Donald is the toughest presidential candidate America has had since Theodore Roosevelt. Elon has also called for the Secret Service and Trump’s security detail to be fired due to this horrific negligence. Meanwhile, Polymarket showed that his chances of winning have gone from 60% to 70% as of press time while Biden’s chances are only 16%. Biden has shared that he is praying for Trump’s recovery and for everyone else who was affected. Polymarket Prediction   Obviously, this just solidified Trump’s win even stronger than it was before. Both the president of El Salvador and the president of Argentina have announced their support for him as he goes through these terrible times. Former president and Biden advocate, Barack Obama, said that he and his wife are also praying for Trump’s recovery, though he did make an odd comment that some have taken as a jab. Obama said: “Although we don’t yet know exactly what happened, we should all be relieved that former President Trump wasn’t seriously hurt.” There is absolutely no place for political violence in our democracy. Although we don’t yet know exactly what happened, we should all be relieved that former President Trump wasn’t seriously hurt, and use this moment to recommit ourselves to civility and respect in our politics.… — Barack Obama (@BarackObama) July 13, 2024 There are rumors flying on Twitter that the attack was staged and that it is just a political ploy to give Trump a clear way straight into the White House. The Secret Service also issued an official statement on the matter saying that they quickly responded with protective measures and that Trump is safe now, adding: “One spectator was killed, two spectators were critically injured. The incident is currently under investigation and the Secret Service has formally notified the Federal Bureau of investigation.” Some people genuinely believe that this was just a campaign trick set up by Trump and his team. US Congressman Mike Collins has openly said Joe Biden is the one who tried the shooting. Joe Biden sent the orders. https://t.co/pOc0XLxCwg — Mike Collins (@MikeCollinsGA) July 13, 2024 Oh July 8th, Biden said, “So, we’re done talking about the debate, it’s time to put Trump in a bullseye.”

Donald Trump Issues Official Statement on Assassination Attempt

Donald Trump has issued a statement on his assassination attempt, telling how it happened from his point of view and praying for all affected.

Barack Obama and Joe Biden have both said they’re praying for Trump’s recovery while Nayib Bukele, Javier Milei, and Elon Musk announced their official support for him.

Congressman Mike Collins said it was Biden who ordered the attack, and some people believe the whole thing was staged as a campaign strategy.

Less than two hours after being shot, tough presidential candidate Donald Trump has issued an official statement thanking the United States Secret Service. 

He offered his condolences to the family of the other person who was killed by mistake at the rally.

The shooter has since been killed by Secret Services. Trump said the identity of the person who shot him is still unknown. Narrating the traumatizing occurrence from his point of view, the president said that:

“I was shot with a bullet that pierced the upper part of my right ear. I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening. GOD BLESS AMERICA!”

According to Elon Musk, Donald is the toughest presidential candidate America has had since Theodore Roosevelt. Elon has also called for the Secret Service and Trump’s security detail to be fired due to this horrific negligence.

Meanwhile, Polymarket showed that his chances of winning have gone from 60% to 70% as of press time while Biden’s chances are only 16%. Biden has shared that he is praying for Trump’s recovery and for everyone else who was affected.

Polymarket Prediction

 

Obviously, this just solidified Trump’s win even stronger than it was before. Both the president of El Salvador and the president of Argentina have announced their support for him as he goes through these terrible times.

Former president and Biden advocate, Barack Obama, said that he and his wife are also praying for Trump’s recovery, though he did make an odd comment that some have taken as a jab. Obama said:

“Although we don’t yet know exactly what happened, we should all be relieved that former President Trump wasn’t seriously hurt.”

There is absolutely no place for political violence in our democracy. Although we don’t yet know exactly what happened, we should all be relieved that former President Trump wasn’t seriously hurt, and use this moment to recommit ourselves to civility and respect in our politics.…

— Barack Obama (@BarackObama) July 13, 2024

There are rumors flying on Twitter that the attack was staged and that it is just a political ploy to give Trump a clear way straight into the White House.

The Secret Service also issued an official statement on the matter saying that they quickly responded with protective measures and that Trump is safe now, adding:

“One spectator was killed, two spectators were critically injured. The incident is currently under investigation and the Secret Service has formally notified the Federal Bureau of investigation.”

Some people genuinely believe that this was just a campaign trick set up by Trump and his team. US Congressman Mike Collins has openly said Joe Biden is the one who tried the shooting.

Joe Biden sent the orders. https://t.co/pOc0XLxCwg

— Mike Collins (@MikeCollinsGA) July 13, 2024

Oh July 8th, Biden said, “So, we’re done talking about the debate, it’s time to put Trump in a bullseye.”
¿Por qué es prácticamente imposible que las memecoins como Shiba Inu, Pepe, Bonk... lleguen a $1?He visto muchísimas publicaciones en Binance square de principiantes diciendo que las memecoins como shiba, pepe... pueden llegar a 1$ o incluso más. Sinceramente, me da risa cuando veo estas publicaciones que se escriben sin antes informarse un poco. • Una de las principales razones por las que es casi imposible que memecoins como las que he mencionado antes alcancen un valor de $1 es su enorme oferta. Estas criptomonedas tienen miles de millones, billones o incluso trillones de tokens en circulación. Si cogemos por ejemplo Shiba, para que alcance un valor de $1 por token, su capitalización de mercado tendría que ser de 589.52 trillones de dólares. Esta cifra supera la capitalización de mercado combinada de todas las criptomonedas existentes y es mucho mayor que la economía global actual. La misma lógica se aplica a PEPE y BONK, haciendo que alcanzar un valor de $1 por token sea prácticamente imposible dada. ❗Con esta publicación quiero que veáis la realidad del mundo de las criptomonedas, ya que en la mayoría de los casos no es dinero rápido.

¿Por qué es prácticamente imposible que las memecoins como Shiba Inu, Pepe, Bonk... lleguen a $1?

He visto muchísimas publicaciones en Binance square de principiantes diciendo que las memecoins como shiba, pepe... pueden llegar a 1$ o incluso más. Sinceramente, me da risa cuando veo estas publicaciones que se escriben sin antes informarse un poco.

• Una de las principales razones por las que es casi imposible que memecoins como las que he mencionado antes alcancen un valor de $1 es su enorme oferta. Estas criptomonedas tienen miles de millones, billones o incluso trillones de tokens en circulación.

Si cogemos por ejemplo Shiba, para que alcance un valor de $1 por token, su capitalización de mercado tendría que ser de 589.52 trillones de dólares. Esta cifra supera la capitalización de mercado combinada de todas las criptomonedas existentes y es mucho mayor que la economía global actual. La misma lógica se aplica a PEPE y BONK, haciendo que alcanzar un valor de $1 por token sea prácticamente imposible dada.

❗Con esta publicación quiero que veáis la realidad del mundo de las criptomonedas, ya que en la mayoría de los casos no es dinero rápido.
Cardano Founder Says Trump Assassination Attempt Is Proof We Need DecentralizationCardano and Ethereum co-founder Charles Hoskinson has shared his thoughts on the assassination attempt on Donald Trump. He believes that the long-term solution is with the principles of crypto, such as disintermediation, decentralization, resilience, and integrity. Yesterday, Trump was targeted in an assassination attempt. The bullets narrowly missed him, grazing his right ear. If he hadn’t moved his head at that precise moment, he might have been killed. Unfortunately, a person behind Trump was killed, and two others were injured. The shooter was also killed during the attempt to stop him. Credits: BBC Charles said that what happened, while shocking, is not entirely surprising given the current state of American politics. He believes that the political discourse in the United States has gone from legitimate differences of opinion to a mentality where those who disagree are seen as enemies that must be destroyed. This radicalization of opinions leads to political violence. Charles also discussed the role of social media in this incident. He mentioned that some of the first reactions on social media were not thoughts and prayers but comments expressing disappointment that the shooter missed. He said,  “It’s pretty sad that people wish for the death of those that they disagree with.” Charles believes that social media and instant communication have led to people viewing others not as human beings but as characters to either love or hate. This dehumanization makes it impossible for meaningful political change to occur. He said:  “We must take a moment of reflection if we ever hope to get out of all of this and realize that while we can be divisive at times, we should never lose sight of our common shared humanity.” According to Charles, the next 48 to 72 hours are gonna be very important for American history. He believes that the lack of trust in centralized institutions, including political ones, is a major problem. He added that: “We’ve gotten to a point where no matter who leads, no matter what they do, what they accomplish, we are unable to fully trust them for a variety of reasons. Politics is no different. In fact, it’s the epicenter of all such things.” Regardless of the election outcome, Charles predicts that there will be bitter division moving forward. He urges people to consider the benefits of decentralization, which does not rely on individual leaders who can be targeted or demonized. He stated, “There’s no one to shoot. There’s no one to demonize. There’s no one to canonize.”

Cardano Founder Says Trump Assassination Attempt Is Proof We Need Decentralization

Cardano and Ethereum co-founder Charles Hoskinson has shared his thoughts on the assassination attempt on Donald Trump.

He believes that the long-term solution is with the principles of crypto, such as disintermediation, decentralization, resilience, and integrity.

Yesterday, Trump was targeted in an assassination attempt. The bullets narrowly missed him, grazing his right ear. If he hadn’t moved his head at that precise moment, he might have been killed.

Unfortunately, a person behind Trump was killed, and two others were injured. The shooter was also killed during the attempt to stop him.

Credits: BBC

Charles said that what happened, while shocking, is not entirely surprising given the current state of American politics.

He believes that the political discourse in the United States has gone from legitimate differences of opinion to a mentality where those who disagree are seen as enemies that must be destroyed. This radicalization of opinions leads to political violence.

Charles also discussed the role of social media in this incident. He mentioned that some of the first reactions on social media were not thoughts and prayers but comments expressing disappointment that the shooter missed. He said, 

“It’s pretty sad that people wish for the death of those that they disagree with.”

Charles believes that social media and instant communication have led to people viewing others not as human beings but as characters to either love or hate. This dehumanization makes it impossible for meaningful political change to occur. He said: 

“We must take a moment of reflection if we ever hope to get out of all of this and realize that while we can be divisive at times, we should never lose sight of our common shared humanity.”

According to Charles, the next 48 to 72 hours are gonna be very important for American history. He believes that the lack of trust in centralized institutions, including political ones, is a major problem. He added that:

“We’ve gotten to a point where no matter who leads, no matter what they do, what they accomplish, we are unable to fully trust them for a variety of reasons. Politics is no different. In fact, it’s the epicenter of all such things.”

Regardless of the election outcome, Charles predicts that there will be bitter division moving forward. He urges people to consider the benefits of decentralization, which does not rely on individual leaders who can be targeted or demonized.

He stated, “There’s no one to shoot. There’s no one to demonize. There’s no one to canonize.”
Spot Ether ETFs Set to Launch Next Week Pending SEC ApprovalSpot Ether exchange-traded funds (ETFs) are poised for imminent regulatory approval, with industry insiders suggesting listings could commence as early as next week. According to a knowledgeable source, who preferred anonymity due to the confidentiality of discussions, issuers anticipate receiving final feedback from the United States Securities and Exchange Commission (SEC) by early next week, possibly as soon as July 12. Among the entities awaiting SEC approval are prominent names such as VanEck and 21Shares, which recently amended their registrations in anticipation of regulatory green lights. In total, eight issuers are awaiting clearance to launch spot Ether ETFs. Analysts foresee substantial market interest once these ETFs hit the exchanges, predicting potential inflows totaling billions of dollars in the months following their debut. Crypto analyst Tom Dunleavy highlighted the unique dynamics of Ether’s market, noting that its spot price could see significant appreciation due to reduced availability on exchanges, leading to thinner order books and heightened responsiveness to ETF-driven buying pressures compared to Bitcoin. A key driver of demand for these ETFs is expected to come from crypto-native hedge funds, which have held substantial amounts of spot ETH in self-custody for years. READ MORE: German Government Resumes Bitcoin Sales, Sparking Market Volatility Concerns Reports indicate these funds are now engaging with institutional market makers, such as Virtu Financial, to exchange their ETH holdings for shares in the upcoming ETFs. According to the source, over a dozen crypto-native funds with assets under management exceeding $1 billion each have expressed interest in participating in these exchanges. The launch of spot Ether ETFs would complement the existing array of publicly traded crypto funds, which include approximately a dozen spot Bitcoin ETFs that received regulatory clearance earlier this year, collectively holding more than $50 billion worth of BTC. Dunleavy suggested that Ether ETFs could attract as much as $10 billion in inflows once launched, underscoring the potential market impact. Looking ahead, similar ETFs for other cryptocurrencies like Solana may soon follow suit, with at least two expected to begin trading in the early part of next year. This evolving landscape reflects growing investor appetite for regulated exposure to cryptocurrencies through accessible and familiar investment vehicles like ETFs. To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Spot Ether ETFs Set to Launch Next Week Pending SEC Approval

Spot Ether exchange-traded funds (ETFs) are poised for imminent regulatory approval, with industry insiders suggesting listings could commence as early as next week.

According to a knowledgeable source, who preferred anonymity due to the confidentiality of discussions, issuers anticipate receiving final feedback from the United States Securities and Exchange Commission (SEC) by early next week, possibly as soon as July 12.

Among the entities awaiting SEC approval are prominent names such as VanEck and 21Shares, which recently amended their registrations in anticipation of regulatory green lights.

In total, eight issuers are awaiting clearance to launch spot Ether ETFs.

Analysts foresee substantial market interest once these ETFs hit the exchanges, predicting potential inflows totaling billions of dollars in the months following their debut.

Crypto analyst Tom Dunleavy highlighted the unique dynamics of Ether’s market, noting that its spot price could see significant appreciation due to reduced availability on exchanges, leading to thinner order books and heightened responsiveness to ETF-driven buying pressures compared to Bitcoin.

A key driver of demand for these ETFs is expected to come from crypto-native hedge funds, which have held substantial amounts of spot ETH in self-custody for years.

READ MORE: German Government Resumes Bitcoin Sales, Sparking Market Volatility Concerns

Reports indicate these funds are now engaging with institutional market makers, such as Virtu Financial, to exchange their ETH holdings for shares in the upcoming ETFs.

According to the source, over a dozen crypto-native funds with assets under management exceeding $1 billion each have expressed interest in participating in these exchanges.

The launch of spot Ether ETFs would complement the existing array of publicly traded crypto funds, which include approximately a dozen spot Bitcoin ETFs that received regulatory clearance earlier this year, collectively holding more than $50 billion worth of BTC.

Dunleavy suggested that Ether ETFs could attract as much as $10 billion in inflows once launched, underscoring the potential market impact.

Looking ahead, similar ETFs for other cryptocurrencies like Solana may soon follow suit, with at least two expected to begin trading in the early part of next year.

This evolving landscape reflects growing investor appetite for regulated exposure to cryptocurrencies through accessible and familiar investment vehicles like ETFs.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Why is the crypto market up today?The crypto market's rebound picked momentum during the weekend, with its intraday gains drawing cues from the shocking assassination attempt on former president Donald Trump. Trump's growing reelection bid boosts crypto demand The crypto market's valuation jumped by 2.88% hours after gunfire erupted at Trump’s Pennsylvania rally, with the former president surviving the assassination attempt. Bitcoin (BTC) price also rose above $60,000 for the first time in 10 days. Interestingly, MAGA (TRUMP), the largest Donald Trump memecoin, also surged by more than 30% after the assassination attempt.  TOTAL crypto market capitalization hourly performance chart. Source: TradingView This upward movement indicates that many crypto traders anticipate a Trump victory in November’s upcoming US presidential election. Such an outcome could lead to more favorable crypto regulations than the current stringent policies under Joe Biden’s administration. "Based on Bitcoin’s reaction so far, looks like markets are going to begin pricing in a full Trump victory," noted Will Clemente, founder of crypto research firm Reflexivity Research. Crypto derivatives market is bullish The open interest (OI) of all top-ranking cryptocurrencies has risen in the past 24 hours, especially after the Trump news. Moreover, most of these assets show positive funding rates, suggesting long traders pay a fee to short trades to keep their bullish positions open. Top 10 crypto assets and their derivatives data. Source: Coinglass The rise in OI and positive funding rates suggest that most traders have a strong bullish sentiment. They are willing to pay a premium to maintain their long positions, reflecting their confidence in the market's upward movement. Related: What’s next for Bitcoin price now that German gov't BTC balance hits zero? Furthermore, the crypto market's gains in the past 24 hours coincide with the relatively higher liquidation of short traders than the long ones. As of July 14, the market had witnessed $65.41 million worth of short liquidations compared to $22.93 million in long liquidations. Crypto liquidation heatmap. Source: Coinglass When a short position is liquidated, the trader must buy back the asset to cover their position. This buying pressure increases the demand for the asset, driving up its price. Descending channel bounce From a technical perspective, today’s crypto market gains are part of a consolidation trend inside a prevailing descending channel pattern. TOTAL crypto market cap. Source: TradingView The crypto market tested the channel's lower trendline as support for the fourth time since March, a move that has lately preceded sharp rebounds. As of July, the market is visibly repeating the fractal, eyeing the 50-day exponential moving average (50-day EMA; the red wave) at around $2.23 trillion as its immediate upside target. A decisive close above the 50-day EMA could have the market pursue a run-up toward the channel’s upper trendline, akin to its recent bounces. The upper trendline aligns with $2.42 trillion, which served as support during the May-June 2024 session. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Why is the crypto market up today?

The crypto market's rebound picked momentum during the weekend, with its intraday gains drawing cues from the shocking assassination attempt on former president Donald Trump.

Trump's growing reelection bid boosts crypto demand

The crypto market's valuation jumped by 2.88% hours after gunfire erupted at Trump’s Pennsylvania rally, with the former president surviving the assassination attempt. Bitcoin (BTC) price also rose above $60,000 for the first time in 10 days.

Interestingly, MAGA (TRUMP), the largest Donald Trump memecoin, also surged by more than 30% after the assassination attempt. 

TOTAL crypto market capitalization hourly performance chart. Source: TradingView

This upward movement indicates that many crypto traders anticipate a Trump victory in November’s upcoming US presidential election. Such an outcome could lead to more favorable crypto regulations than the current stringent policies under Joe Biden’s administration.

"Based on Bitcoin’s reaction so far, looks like markets are going to begin pricing in a full Trump victory," noted Will Clemente, founder of crypto research firm Reflexivity Research.

Crypto derivatives market is bullish

The open interest (OI) of all top-ranking cryptocurrencies has risen in the past 24 hours, especially after the Trump news. Moreover, most of these assets show positive funding rates, suggesting long traders pay a fee to short trades to keep their bullish positions open.

Top 10 crypto assets and their derivatives data. Source: Coinglass

The rise in OI and positive funding rates suggest that most traders have a strong bullish sentiment. They are willing to pay a premium to maintain their long positions, reflecting their confidence in the market's upward movement.

Related: What’s next for Bitcoin price now that German gov't BTC balance hits zero?

Furthermore, the crypto market's gains in the past 24 hours coincide with the relatively higher liquidation of short traders than the long ones. As of July 14, the market had witnessed $65.41 million worth of short liquidations compared to $22.93 million in long liquidations.

Crypto liquidation heatmap. Source: Coinglass

When a short position is liquidated, the trader must buy back the asset to cover their position. This buying pressure increases the demand for the asset, driving up its price.

Descending channel bounce

From a technical perspective, today’s crypto market gains are part of a consolidation trend inside a prevailing descending channel pattern.

TOTAL crypto market cap. Source: TradingView

The crypto market tested the channel's lower trendline as support for the fourth time since March, a move that has lately preceded sharp rebounds. As of July, the market is visibly repeating the fractal, eyeing the 50-day exponential moving average (50-day EMA; the red wave) at around $2.23 trillion as its immediate upside target.

A decisive close above the 50-day EMA could have the market pursue a run-up toward the channel’s upper trendline, akin to its recent bounces. The upper trendline aligns with $2.42 trillion, which served as support during the May-June 2024 session.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Notcoin Announces Massive $7 Million AirdropNotcoin has announced a staggering $7 million airdrop, set to take place on July 14, 2024. This initiative is designed to reward stakers, tier holders, and active participants in the Notcoin ecosystem. If you’re involved with Notcoin or looking to dive in, here’s everything you need to know about this significant event. What is Notcoin’s $7 Million Airdrop? The airdrop, scheduled for July 14, 2024, is part of Notcoin’s broader strategy to enhance user engagement and reward its community. Of the total $7 million: $5 million will be allocated to stakers and tier holders. $2 million will be distributed to users who actively participate over the next three months. Additionally, Platinum users will receive an average bonus of $250, underscoring Notcoin’s commitment to incentivizing its most dedicated participants. Airdrop Distribution: How It Works Notcoin’s airdrop follows an influence-based distribution model. This means that the more you engage with the Notcoin platform, the more rewards you can earn. It’s designed to encourage users to stay active and contribute to the community, ensuring a vibrant and dynamic ecosystem. Key Points to Note: Stakers and tier holders will receive the bulk of the airdrop, with $5 million set aside for this group. Active participants over the next three months will share in the remaining $2 million. Platinum users can look forward to an average bonus of $250. How to Participate in the Airdrop Participation in Notcoin’s airdrop is straightforward. Here’s how you can get involved: Stake Your Tokens: By staking your Notcoin tokens, you become eligible for a portion of the $5 million reserved for stakers. Engage Actively: Participate in community activities, use the Notcoin platform, and increase your influence to earn a share of the $2 million. Achieve Platinum Status: Strive to become a Platinum user to secure an additional average bonus of $250.

Notcoin Announces Massive $7 Million Airdrop

Notcoin has announced a staggering $7 million airdrop, set to take place on July 14, 2024. This initiative is designed to reward stakers, tier holders, and active participants in the Notcoin ecosystem. If you’re involved with Notcoin or looking to dive in, here’s everything you need to know about this significant event.

What is Notcoin’s $7 Million Airdrop?

The airdrop, scheduled for July 14, 2024, is part of Notcoin’s broader strategy to enhance user engagement and reward its community. Of the total $7 million:

$5 million will be allocated to stakers and tier holders.

$2 million will be distributed to users who actively participate over the next three months.

Additionally, Platinum users will receive an average bonus of $250, underscoring Notcoin’s commitment to incentivizing its most dedicated participants.

Airdrop Distribution: How It Works

Notcoin’s airdrop follows an influence-based distribution model. This means that the more you engage with the Notcoin platform, the more rewards you can earn. It’s designed to encourage users to stay active and contribute to the community, ensuring a vibrant and dynamic ecosystem.

Key Points to Note:

Stakers and tier holders will receive the bulk of the airdrop, with $5 million set aside for this group.

Active participants over the next three months will share in the remaining $2 million.

Platinum users can look forward to an average bonus of $250.

How to Participate in the Airdrop

Participation in Notcoin’s airdrop is straightforward. Here’s how you can get involved:

Stake Your Tokens: By staking your Notcoin tokens, you become eligible for a portion of the $5 million reserved for stakers.

Engage Actively: Participate in community activities, use the Notcoin platform, and increase your influence to earn a share of the $2 million.

Achieve Platinum Status: Strive to become a Platinum user to secure an additional average bonus of $250.
Trump's Odds of Victory Hit All-Time High on Polymarket After ShootingFormer U.S. president Donald Trump's probability of retaking the White House jumped to an all-time high Saturday after he was injured from a shooting at a rally in Pennsylvania, according to traders on Polymarket. A Secret Service spokesman said the Republican presidential candidate was "safe" after the shooting, according to The New York Times. A suspected gunman was killed, and a spectator died as well, the newspaper said. Photos and video footage of a defiant Trump with blood on his face pumping his fist in the air circulated on social media, following two weeks in which the national conversation had focused on the frailty and gaffes of his opponent, incumbent President Joe Biden. Appears he’s ok; pumping his first here. My lord, this is crazy pic.twitter.com/N5Mp8Ible1 — @jason (@Jason) July 13, 2024 "Yes" shares in Polymarket's contract on whether Trump will win the presidency climbed ten cents after the incident, to 70 cents, meaning the market now sees a 70% chance he will prevail in November. Each share pays out $1 if the prediction comes true, and zero if not. Bets are programmed into a smart contract on the Polygon blockchain and settled in USDC, a stablecoin, or cryptocurrency that trades 1:1 for dollars. "Polifi" meme tokens named after Trump also surged. MAGA, for example, was up 34% on a 24-hour basis to $8.38, according to CoinGecko data, and the satirical TREMP had climbed 67% to $0.6471. The CoinDesk 20 index, a proxy for the overall cryptocurrency market, is up 3.31% on a 24-hour basis. Bitcoin, the oldest and largest cryptocurrency by market cap, is up 3.26% to $59,735.17. Trump has expressed wholehearted support for crypto on the campaign trail, and the Republican platform vows to halt the Biden administration's "crackdown" on the industry. Polymarket, founded four years ago by Shayne Coplan, has seen boffo trading volumes in 2024 amid enthusiasm for political betting ahead of the U.S. election. The U.S. presidential winner contract has a total of $252 million in bets placed, a record for the company and for crypto-based prediction markets, if not all prediction markets. PredictIt, an older, more traditional betting site where wagers are settled in fiat, showed a similar trend, with Trump shares climbing from 59 cents before the shooting to 66 cents before leveling off at 65 cents. Prediction markets are often called a more reliable gauge of sentiment and method of forecasting than polls because the people making predictions are putting money on the line, and are therefore incentivized to do thorough research and express honest opinions.

Trump's Odds of Victory Hit All-Time High on Polymarket After Shooting

Former U.S. president Donald Trump's probability of retaking the White House jumped to an all-time high Saturday after he was injured from a shooting at a rally in Pennsylvania, according to traders on Polymarket.

A Secret Service spokesman said the Republican presidential candidate was "safe" after the shooting, according to The New York Times. A suspected gunman was killed, and a spectator died as well, the newspaper said. Photos and video footage of a defiant Trump with blood on his face pumping his fist in the air circulated on social media, following two weeks in which the national conversation had focused on the frailty and gaffes of his opponent, incumbent President Joe Biden.

Appears he’s ok; pumping his first here. My lord, this is crazy pic.twitter.com/N5Mp8Ible1

— @jason (@Jason) July 13, 2024

"Yes" shares in Polymarket's contract on whether Trump will win the presidency climbed ten cents after the incident, to 70 cents, meaning the market now sees a 70% chance he will prevail in November. Each share pays out $1 if the prediction comes true, and zero if not. Bets are programmed into a smart contract on the Polygon blockchain and settled in USDC, a stablecoin, or cryptocurrency that trades 1:1 for dollars.

"Polifi" meme tokens named after Trump also surged. MAGA, for example, was up 34% on a 24-hour basis to $8.38, according to CoinGecko data, and the satirical TREMP had climbed 67% to $0.6471.

The CoinDesk 20 index, a proxy for the overall cryptocurrency market, is up 3.31% on a 24-hour basis. Bitcoin, the oldest and largest cryptocurrency by market cap, is up 3.26% to $59,735.17. Trump has expressed wholehearted support for crypto on the campaign trail, and the Republican platform vows to halt the Biden administration's "crackdown" on the industry.

Polymarket, founded four years ago by Shayne Coplan, has seen boffo trading volumes in 2024 amid enthusiasm for political betting ahead of the U.S. election. The U.S. presidential winner contract has a total of $252 million in bets placed, a record for the company and for crypto-based prediction markets, if not all prediction markets.

PredictIt, an older, more traditional betting site where wagers are settled in fiat, showed a similar trend, with Trump shares climbing from 59 cents before the shooting to 66 cents before leveling off at 65 cents.

Prediction markets are often called a more reliable gauge of sentiment and method of forecasting than polls because the people making predictions are putting money on the line, and are therefore incentivized to do thorough research and express honest opinions.
Donald Trump memecoin spikes 52% following assassination attemptThe price of the largest Donald Trump memecoin MAGA (TRUMP) surged more than 30% following an assassination attempt on the former President while he was speaking on stage at a rally in Butler, Pensylvannia.  The MAGA memecoin (TRUMP) spiked rapidly from a price of $6.31 to $10.36 immediately following the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 30 minutes, per DexScreener data. The price of MAGA memecoin soared following an attempt on the life of the former President. Source: DexScreener  Trump was speaking on stage at a rally in Butler, Pennsylvania when several shots were fired from an unknown direction in the crowd.  Trump clutched his ear as shots sounded and dropped to the ground as his security detail rushed to protect him.  Shooting just happened at The Trump rally pic.twitter.com/Xs1dVL1H3T — Acyn (@Acyn) July 13, 2024 While being escorted off stage by his security detail, Trump could seen raising his fist and shouting at the crowd.  An official spokesperson from Trump's campaign told the Associated Press the former President was "fine" following the incident and that he was undergoing medical treatment at a local facility.  This is a developing story, and further information will be added as it becomes available.

Donald Trump memecoin spikes 52% following assassination attempt

The price of the largest Donald Trump memecoin MAGA (TRUMP) surged more than 30% following an assassination attempt on the former President while he was speaking on stage at a rally in Butler, Pensylvannia. 

The MAGA memecoin (TRUMP) spiked rapidly from a price of $6.31 to $10.36 immediately following the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 30 minutes, per DexScreener data.

The price of MAGA memecoin soared following an attempt on the life of the former President. Source: DexScreener 

Trump was speaking on stage at a rally in Butler, Pennsylvania when several shots were fired from an unknown direction in the crowd. 

Trump clutched his ear as shots sounded and dropped to the ground as his security detail rushed to protect him. 

Shooting just happened at The Trump rally pic.twitter.com/Xs1dVL1H3T

— Acyn (@Acyn) July 13, 2024

While being escorted off stage by his security detail, Trump could seen raising his fist and shouting at the crowd. 

An official spokesperson from Trump's campaign told the Associated Press the former President was "fine" following the incident and that he was undergoing medical treatment at a local facility. 

This is a developing story, and further information will be added as it becomes available.
180% Upside For Fetch.ai (FET)? Analyst Makes Bold Prediction Amid Market JittersAmid the growing market anxiety, a ray of hope emerged for cryptocurrency investors relying on Fetch.ai (FET). A renowned crypto expert predicts that after a dramatic 28% drop over the past month, the coin is set to have a huge comeback. Fetch.ai Shows Resilience Although unpredictability has haunted the crypto space, Fetch.ai has surprisingly survived the storm. The value of the token has plunged, but it has steadily recovered and lately climbed by almost 6%. Fetch.ai’s resilience has attracted the attention of market watchers who are now closely monitoring its development. Given the extreme instability of modern markets, Fetch.ai’s capacity for recovery throughout this period is quite impressive. Significant Gains Expected Soon The analysis provided by renowned cryptocurrency expert Javon Marks makes Fetch.ai’s present situation particularly interesting. Marks said that the token is showing a bullish trend known as a “Hidden Bullish Divergence,” which usually implies a minor drop before the upward trend’s continuance. $FET (FetchAI) maintains a Bullish Pattern here and from current areas, this can be suggesting a near 3X from here in an approximate 180% recovery climb back to the $3.48 areas and even higher can be possible… https://t.co/G36S6jVUQl pic.twitter.com/i5cePC1sfS — JAVONMARKS (@JavonTM1) July 11, 2024 Marks expects Fetch.ai’s growth to be 180%. Based on his forecast, the price of the token might climb to $3.48, its all-time high, or even more, thus offering a remarkable return for the company. This would show an amazing 210% increase over its present trade price of $1.127683. Beyond the short term predictions, FET still has huge potential for the future. Based on the price analysis done by CoinCheckup, it is expected that the coin will maintain its gaining trajectory over the next seven days, rising by 3.20% to get a price of $1.18. Looking further, the long-term projection is still positive; the FET price is anticipated to climb by 6.72% to $1.22 in a year. Long-Term Growth Prospects Long term, Fetch.ai has a very promising future. Based on the crypto prediction platform estimate and the analyst’s strong forecasts, this token has the potential to stand out in the digital currency market giving investors the possibility to profit from a significant upside prospect. As the crypto market continues to deal with its ups and downs, the FET story tells us that tenacity, creativity, and strategic analysis can be the key elements for unlocking major advantages in this dynamic and continually changing environment. Featured image from Vecteezy, chart from TradingView Source: NewsBTC.com The post 180% Upside For Fetch.ai (FET)? Analyst Makes Bold Prediction Amid Market Jitters appeared first on Crypto Breaking News.

180% Upside For Fetch.ai (FET)? Analyst Makes Bold Prediction Amid Market Jitters

Amid the growing market anxiety, a ray of hope emerged for cryptocurrency investors relying on Fetch.ai (FET). A renowned crypto expert predicts that after a dramatic 28% drop over the past month, the coin is set to have a huge comeback.

Fetch.ai Shows Resilience

Although unpredictability has haunted the crypto space, Fetch.ai has surprisingly survived the storm. The value of the token has plunged, but it has steadily recovered and lately climbed by almost 6%. Fetch.ai’s resilience has attracted the attention of market watchers who are now closely monitoring its development.

Given the extreme instability of modern markets, Fetch.ai’s capacity for recovery throughout this period is quite impressive.

Significant Gains Expected Soon

The analysis provided by renowned cryptocurrency expert Javon Marks makes Fetch.ai’s present situation particularly interesting. Marks said that the token is showing a bullish trend known as a “Hidden Bullish Divergence,” which usually implies a minor drop before the upward trend’s continuance.

$FET (FetchAI) maintains a Bullish Pattern here and from current areas, this can be suggesting a near 3X from here in an approximate 180% recovery climb back to the $3.48 areas and even higher can be possible… https://t.co/G36S6jVUQl pic.twitter.com/i5cePC1sfS

— JAVONMARKS (@JavonTM1) July 11, 2024

Marks expects Fetch.ai’s growth to be 180%. Based on his forecast, the price of the token might climb to $3.48, its all-time high, or even more, thus offering a remarkable return for the company. This would show an amazing 210% increase over its present trade price of $1.127683.

Beyond the short term predictions, FET still has huge potential for the future. Based on the price analysis done by CoinCheckup, it is expected that the coin will maintain its gaining trajectory over the next seven days, rising by 3.20% to get a price of $1.18. Looking further, the long-term projection is still positive; the FET price is anticipated to climb by 6.72% to $1.22 in a year.

Long-Term Growth Prospects

Long term, Fetch.ai has a very promising future. Based on the crypto prediction platform estimate and the analyst’s strong forecasts, this token has the potential to stand out in the digital currency market giving investors the possibility to profit from a significant upside prospect.

As the crypto market continues to deal with its ups and downs, the FET story tells us that tenacity, creativity, and strategic analysis can be the key elements for unlocking major advantages in this dynamic and continually changing environment.

Featured image from Vecteezy, chart from TradingView

Source: NewsBTC.com

The post 180% Upside For Fetch.ai (FET)? Analyst Makes Bold Prediction Amid Market Jitters appeared first on Crypto Breaking News.
German Government Bitcoin (BTC) Holding Now Worth $1.87The German government has now sold all of its Bitcoin holdings - going from nearly 50,000 BTC to zero in a very short amount of time. Bitcoin has absorbed the impact and is continuing its recovery. The $BTC price is now at $58,700. It’s all gone! According to Arkham Intelligence, the German government sent 49,860 BTC to exchanges ($2.9 billion) and sold them over a 3-week period. After sending off its final tranche of Bitcoin, the government wallet received the sum of 0.0000321 BTC, worth $1.87, from an unknown benefactor. Bitcoin recovery continues With this particular overhang on Bitcoin done with, the $BTC price is continuing to recover, putting on 9.8% since the local bottom nine days ago. That almost 50,000 BTC from just one seller could be soaked up in such a fashion bears testament to the demand for BTC that must be in the market. Bitcoin’s journey back Source: TradingView In the short time frame of the 4-hourly, the $BTC price looks to be trying to break through the downward-sloping trend line. If the price can confirm the break, the first resistance at $58,500 will be next. Bulls would be looking to break the subsequent resistances at $60,000 and $61,400, and then, all being well, the price would potentially be drawn up to the top of the range at $71,400. Two telling indicators Source: TradingView Zooming right out to the macro time frame of the weekly, the importance of the resistances can be noted. Also, the relative strength index (RSI), second indicator from bottom of the chart, is showing a tick up that touches the mid-way point of this indicator. Bull markets are usually characterised by being above this 50 level, so climbing back above, and holding this level, will be very important.  The most telling, and probably the most powerful indicator, especially on the weekly time frame, is the stochastic RSI, at the bottom of the chart. The cross up of the blue fast line, above the orange slow line, needs to continue. If the lines can both cross up above the 25 level, the resulting positive price momentum can drive $BTC back to the top of the range, and beyond. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

German Government Bitcoin (BTC) Holding Now Worth $1.87

The German government has now sold all of its Bitcoin holdings - going from nearly 50,000 BTC to zero in a very short amount of time. Bitcoin has absorbed the impact and is continuing its recovery. The $BTC price is now at $58,700.

It’s all gone!

According to Arkham Intelligence, the German government sent 49,860 BTC to exchanges ($2.9 billion) and sold them over a 3-week period. After sending off its final tranche of Bitcoin, the government wallet received the sum of 0.0000321 BTC, worth $1.87, from an unknown benefactor.

Bitcoin recovery continues

With this particular overhang on Bitcoin done with, the $BTC price is continuing to recover, putting on 9.8% since the local bottom nine days ago. That almost 50,000 BTC from just one seller could be soaked up in such a fashion bears testament to the demand for BTC that must be in the market.

Bitcoin’s journey back

Source: TradingView

In the short time frame of the 4-hourly, the $BTC price looks to be trying to break through the downward-sloping trend line. If the price can confirm the break, the first resistance at $58,500 will be next.

Bulls would be looking to break the subsequent resistances at $60,000 and $61,400, and then, all being well, the price would potentially be drawn up to the top of the range at $71,400.

Two telling indicators

Source: TradingView

Zooming right out to the macro time frame of the weekly, the importance of the resistances can be noted. Also, the relative strength index (RSI), second indicator from bottom of the chart, is showing a tick up that touches the mid-way point of this indicator. Bull markets are usually characterised by being above this 50 level, so climbing back above, and holding this level, will be very important. 

The most telling, and probably the most powerful indicator, especially on the weekly time frame, is the stochastic RSI, at the bottom of the chart. The cross up of the blue fast line, above the orange slow line, needs to continue. If the lines can both cross up above the 25 level, the resulting positive price momentum can drive $BTC back to the top of the range, and beyond.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Is Ripple on the Brink of Victory Against SEC: What’s Next for XRP?The post Is Ripple on the Brink of Victory Against SEC: What’s Next for XRP? appeared first on Coinpedia Fintech News As the Ripple lawsuit against the U.S. Security Exchange Commission approaches a crucial moment, the crypto community is on high alert. With Judge Analisa Torres set to deliver a final judgment, experts and XRP holders are weighing the odds of a settlement and what this could mean for the cryptocurrency’s future. No Settlement in Sight Legal experts suggest that a settlement is unlikely, as Ripple has already secured significant victories in court. Meanwhile, today marks a significant milestone for Ripple, as it was on July 13, 2023, that Judge Torres declared XRP not to be a security. This ruling caused XRP’s price to jump by 100% in just a few hours. Pro-XRP attorney Bill Morgan noted that Ripple’s previous wins, including a critical ruling that deemed programmatic sales of XRP as non-securities, strengthen their position. No settlement imminent I see. https://t.co/kqHleoGeG6 — bill morgan (@Belisarius2020) July 13, 2024 Additionally, he noted that Judge Torres’ ruling on secondary sales is likely to remain intact, especially following recent decisions in other high-profile cases. Point Of Focus In The Case The current focus of the case is on how much Ripple could be fined. The SEC says Ripple sold XRP to some institutions without proper registration. Ripple claims these sales were valid and offered to pay a fine of just $10 million. Meanwhile, the SEC has reduced its fine from $2 billion to $102 million. Ripple’s Leadership Speaks Out However, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty shared their thoughts. Garlinghouse called it a “very good day” for Ripple and the entire crypto industry, criticizing the SEC for what he described as an unlawful campaign against the industry. July 13, 2023 – that day was a very good day – for Ripple and the entire industry. And for me personally, a core memory!We had the conviction to fight the bully that has harassed and executed an unlawful war on our industry.  As I said when it started, I knew we were on the… https://t.co/m4W1eRsIf7 — Brad Garlinghouse (@bgarlinghouse) July 12, 2024 Meanwhile, Alderoty highlights that the summary judgment represents a crucial moment, strengthening that XRP is not a security and highlighting the SEC’s overreach.  He further added a note of caution regarding SEC Chair Gary Gensler, suggesting that the agency’s efforts to tie Ripple in prolonged lawsuits are losing steam. When Will the Ruling be Announce  With the anniversary of the summary judgQment approaching, legal expert Fred Rispoli noted a slim chance about 5% that Judge Torres would deliver her decision on that very day. He further noted that if a ruling is coming today, it would typically be released late in the morning or early afternoon EST. Nonetheless, Rispoli remains hopeful for a decision by the end of this month. XRP’s Price Surge Looking at the XRP’s recent performance it has experienced a remarkable rally, recently reclaiming the $0.50 mark after a more than 17% increase this week. Investors seized the opportunity to buy the dip when prices dipped below $0.40, resulting in heightened trading activity.  As of now, XRP is trading at $0.52, with significant trading volume indicating renewed interest among traders.

Is Ripple on the Brink of Victory Against SEC: What’s Next for XRP?

The post Is Ripple on the Brink of Victory Against SEC: What’s Next for XRP? appeared first on Coinpedia Fintech News

As the Ripple lawsuit against the U.S. Security Exchange Commission approaches a crucial moment, the crypto community is on high alert. With Judge Analisa Torres set to deliver a final judgment, experts and XRP holders are weighing the odds of a settlement and what this could mean for the cryptocurrency’s future.

No Settlement in Sight

Legal experts suggest that a settlement is unlikely, as Ripple has already secured significant victories in court. Meanwhile, today marks a significant milestone for Ripple, as it was on July 13, 2023, that Judge Torres declared XRP not to be a security. This ruling caused XRP’s price to jump by 100% in just a few hours.

Pro-XRP attorney Bill Morgan noted that Ripple’s previous wins, including a critical ruling that deemed programmatic sales of XRP as non-securities, strengthen their position.

No settlement imminent I see. https://t.co/kqHleoGeG6

— bill morgan (@Belisarius2020) July 13, 2024

Additionally, he noted that Judge Torres’ ruling on secondary sales is likely to remain intact, especially following recent decisions in other high-profile cases.

Point Of Focus In The Case

The current focus of the case is on how much Ripple could be fined. The SEC says Ripple sold XRP to some institutions without proper registration. Ripple claims these sales were valid and offered to pay a fine of just $10 million. Meanwhile, the SEC has reduced its fine from $2 billion to $102 million.

Ripple’s Leadership Speaks Out

However, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty shared their thoughts. Garlinghouse called it a “very good day” for Ripple and the entire crypto industry, criticizing the SEC for what he described as an unlawful campaign against the industry.

July 13, 2023 – that day was a very good day – for Ripple and the entire industry. And for me personally, a core memory!We had the conviction to fight the bully that has harassed and executed an unlawful war on our industry.  As I said when it started, I knew we were on the… https://t.co/m4W1eRsIf7

— Brad Garlinghouse (@bgarlinghouse) July 12, 2024

Meanwhile, Alderoty highlights that the summary judgment represents a crucial moment, strengthening that XRP is not a security and highlighting the SEC’s overreach. 

He further added a note of caution regarding SEC Chair Gary Gensler, suggesting that the agency’s efforts to tie Ripple in prolonged lawsuits are losing steam.

When Will the Ruling be Announce 

With the anniversary of the summary judgQment approaching, legal expert Fred Rispoli noted a slim chance about 5% that Judge Torres would deliver her decision on that very day. He further noted that if a ruling is coming today, it would typically be released late in the morning or early afternoon EST. Nonetheless, Rispoli remains hopeful for a decision by the end of this month.

XRP’s Price Surge

Looking at the XRP’s recent performance it has experienced a remarkable rally, recently reclaiming the $0.50 mark after a more than 17% increase this week. Investors seized the opportunity to buy the dip when prices dipped below $0.40, resulting in heightened trading activity. 

As of now, XRP is trading at $0.52, with significant trading volume indicating renewed interest among traders.
Is Worldcoin (WLD) a Buy or Sell? Analyzing the Impact of Token UnlocksWorldcoin’s token unlock schedule is set to intensify starting July 24. The project’s emission rate will surge to 6.62 million tokens daily for the next two years. WLD’s emission for July is projected to reach a staggering $628.17 million. Worldcoin (WLD) is set to accelerate its token unlock schedule, increasing selling pressure on the WLD market price. According to data from Token.Unlocks, 6.62 million WLD tokens valued at $12.91 million will be released into the market by July 24. Currently, the market experiences a regular influx of 3.19 million WLD tokens, valued at $6.23 million, distributed to community members. This unlock schedule was established last year after the project’s launch, with 500 million coins allocated for community distribution. In just the past week, 22.35 million WLD tokens, worth over $39.12 million, have been released into the market, accounting for 8.19% of the current circulating supply. However, this pace will increase significantly starting July 24 as Worldcoin prepares to expand its WLD token distribution to additional stakeholders. From that date, the team will begin unlock distributions for the Initial Development Team, who will receive $2.62 million in WLD tokens daily for the next 730 days. Similarly, TFH investors will receive $3.61 million in WLD tokens daily for the same duration, while the TFH Reserve will receive $451,110 in WLD tokens daily. As a result, Worldcoin’s emission rate will surge from the current 3.19 million tokens to 6.62 million tokens per day for the next two years. The project has 10 billion tokens earmarked for distribution, with 84% still locked and awaiting release. Karon Pangestu, Head of Growth at Aevo (formerly Ribbon Finance), recently shared a chart revealing that Worldcoin’s token emission for July is projected to reach a staggering $628.17 million, representing the largest share among projects unlocking tokens this month. This massive release is part of an estimated $3.5 billion in tokens set to be unlocked across various projects in July. $3.5B+ Token Unlocks in July 😮Altcoin supply emission continues with more than $3.5B+ forecasted to be unlocked for the rest of July.@Token_unlocks outlines that there will be $3.5B+ in total getting unlocked in July. pic.twitter.com/YwjPrXtMGk — Karon (@pangestu_karon) July 11, 2024 The persistent unlocking of WLD tokens has coincided with a decline in price. In the last 24 hours, the price has plummeted by 10%, and over the past month, it has fallen by a staggering 55%, currently trading at $1.75. The post Is Worldcoin (WLD) a Buy or Sell? Analyzing the Impact of Token Unlocks appeared first on Coin Edition.

Is Worldcoin (WLD) a Buy or Sell? Analyzing the Impact of Token Unlocks

Worldcoin’s token unlock schedule is set to intensify starting July 24.

The project’s emission rate will surge to 6.62 million tokens daily for the next two years.

WLD’s emission for July is projected to reach a staggering $628.17 million.

Worldcoin (WLD) is set to accelerate its token unlock schedule, increasing selling pressure on the WLD market price. According to data from Token.Unlocks, 6.62 million WLD tokens valued at $12.91 million will be released into the market by July 24.

Currently, the market experiences a regular influx of 3.19 million WLD tokens, valued at $6.23 million, distributed to community members. This unlock schedule was established last year after the project’s launch, with 500 million coins allocated for community distribution.

In just the past week, 22.35 million WLD tokens, worth over $39.12 million, have been released into the market, accounting for 8.19% of the current circulating supply.

However, this pace will increase significantly starting July 24 as Worldcoin prepares to expand its WLD token distribution to additional stakeholders. From that date, the team will begin unlock distributions for the Initial Development Team, who will receive $2.62 million in WLD tokens daily for the next 730 days.

Similarly, TFH investors will receive $3.61 million in WLD tokens daily for the same duration, while the TFH Reserve will receive $451,110 in WLD tokens daily.

As a result, Worldcoin’s emission rate will surge from the current 3.19 million tokens to 6.62 million tokens per day for the next two years. The project has 10 billion tokens earmarked for distribution, with 84% still locked and awaiting release.

Karon Pangestu, Head of Growth at Aevo (formerly Ribbon Finance), recently shared a chart revealing that Worldcoin’s token emission for July is projected to reach a staggering $628.17 million, representing the largest share among projects unlocking tokens this month. This massive release is part of an estimated $3.5 billion in tokens set to be unlocked across various projects in July.

$3.5B+ Token Unlocks in July 😮Altcoin supply emission continues with more than $3.5B+ forecasted to be unlocked for the rest of July.@Token_unlocks outlines that there will be $3.5B+ in total getting unlocked in July. pic.twitter.com/YwjPrXtMGk

— Karon (@pangestu_karon) July 11, 2024

The persistent unlocking of WLD tokens has coincided with a decline in price. In the last 24 hours, the price has plummeted by 10%, and over the past month, it has fallen by a staggering 55%, currently trading at $1.75.

The post Is Worldcoin (WLD) a Buy or Sell? Analyzing the Impact of Token Unlocks appeared first on Coin Edition.
Germany Sold 21,180 BTC In A Few DaysI spent 100 hours analyzing their transactions What I saw shocked me... Here’s how government plans to trick you 🧵👇 Before thread start... ⚹ Every day I spend 5+ hours writing Articles. ⚹ Make sure to follow me and bookmark it so you won't lose it and future contents later. ᗒ 2/9 ⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD. ⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale. ⚹ Does such an event have a significant impact? https://x.com/ArkhamIntel/status/1811064906193486264 ᗒ 3/9 ⚹ This is quite a comical moment since the German government never invested in $BTC but obtained it through other means. ⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy. ⚹ The funds were confiscated in January 2024. ᗒ 4/9 ⚹ So far, more than half of their $BTC, over 25,000, has already been sold through several CEXs: - Kraken - Coinbase - Bitstamp ⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets. ᗒ 5/9 ⚹ This event should not be cited as an example of competent people. ⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies ⚹ This is market pressure that won't change the global picture ᗒ 6/9 ⚹ Very often, the market's reaction to news is much more emotional than the news itself. ⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC's market cap is $1.14T. ⚹ Sooner or later, a rapid buyback would inevitably begin. ᗒ 7/9 ⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others. ⚹ This is a crucial moment in any cycle before global growth. ⚹ The market simply cannot start growing without shaking out weak hands from positions ᗒ 8/9 ⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players. ⚹ Before any global growth, there was a significant correction, knocking people out of the market. ⚹ The current market phase can be described as a Bear Trap. ᗒ 9/9 ⚹ In the current realities, there are no more reasons for the market to dump, and we have already passed the most crucial moment. ⚹ The best option would be not to touch your assets until autumn and buy them back at current discounts. ⚹ Such patience will definitely bring you life-changing gains in 2024-2025. ᗒ That's all for today... HOPE YOU LIKE IT.. #CPI_BTC_Watch #BinanceTurns7 #CryptoPM_Youtube #WhaleAlert #Whale.Alert

Germany Sold 21,180 BTC In A Few Days

I spent 100 hours analyzing their transactions
What I saw shocked me...
Here’s how government plans to trick you 🧵👇

Before thread start...
⚹ Every day I spend 5+ hours writing Articles.
⚹ Make sure to follow me and bookmark it so you won't lose it and future contents later.
ᗒ 2/9 ⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.
⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.
⚹ Does such an event have a significant impact?
https://x.com/ArkhamIntel/status/1811064906193486264

ᗒ 3/9 ⚹ This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.
⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.
⚹ The funds were confiscated in January 2024.
ᗒ 4/9 ⚹ So far, more than half of their $BTC, over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.

ᗒ 5/9 ⚹ This event should not be cited as an example of competent people.
⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies
⚹ This is market pressure that won't change the global picture

ᗒ 6/9 ⚹ Very often, the market's reaction to news is much more emotional than the news itself.
⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC's market cap is $1.14T.
⚹ Sooner or later, a rapid buyback would inevitably begin.

ᗒ 7/9 ⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.
⚹ This is a crucial moment in any cycle before global growth.
⚹ The market simply cannot start growing without shaking out weak hands from positions

ᗒ 8/9 ⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.
⚹ Before any global growth, there was a significant correction, knocking people out of the market.
⚹ The current market phase can be described as a Bear Trap.

ᗒ 9/9 ⚹ In the current realities, there are no more reasons for the market to dump, and we have already passed the most crucial moment.
⚹ The best option would be not to touch your assets until autumn and buy them back at current discounts.
⚹ Such patience will definitely bring you life-changing gains in 2024-2025.
ᗒ That's all for today...

HOPE YOU LIKE IT..

#CPI_BTC_Watch #BinanceTurns7 #CryptoPM_Youtube #WhaleAlert #Whale.Alert
Bitcoin Dominance Drops: Is Altcoin Season Approaching?The post Bitcoin Dominance Drops: Is Altcoin Season Approaching? appeared first on Coinpedia Fintech News In the downtrend, many altcoins suffered a bloodbath and dropped almost 30% to 70% in price in recent months. This huge decline has many analysts doubting the altcoin season. However, recent developments in Bitcoin’s dominance provide a glimmer of hope for altcoins.  Want to know when to dive into altcoin season? Step in.  Understanding the Halving Dynamics Meanwhile, Prominent crypto analyst Wise Advice provides an insightful analysis of how the Bitcoin halving cycle can predict the timing of the next altcoin season. The core idea is that after each Bitcoin halving, which happens roughly every four years, there is a significant opportunity for altcoins to surge. This pattern has been consistent throughout Bitcoin’s history. However, analysts suggest that investors could see this as an opportunity to shift their focus towards altcoins, expecting a potential gain. Moreover, for the altcoin season, at least 75% of the top 50 altcoins must outperform Bitcoin. Halving Impact on Altcoins After each halving, it takes about 1 to 1.5 years for Bitcoin to reach a new all-time high (ATH), and this is the period for altcoins boom like Ethereum, Solana, and Polkadot. For example, following the third Bitcoin halving on November 9, 2021, Bitcoin achieved its ATH, and shortly after, Ethereum hit its ATH of $4,800 on November 10, 2021. Solana reached $250 just five days before this, whereas Polkadot peaked at $55 on November 4, 2021, and Avalanche hit $146 on November 21, 2021.  Similarly, during the second halving bull cycle in December 2017, Ethereum surged to $1,400 in early January 2018. The first halving bull cycle in November 2013 saw Litecoin rise from $2 to $53. How Money Flow Pattern Works The analyst further explains that the key to understanding these movements lies in the pattern of money flow. Initially, investors flock to Bitcoin, and as Bitcoin’s price increases, profits are often moved into altcoins. This inflow of money to smaller altcoins with lower market caps results in significant price increases for these assets. The historical pattern shows that after Bitcoin reaches an ATH, its market dominance declines, which has been true for previous cycles. For instance, Bitcoin’s dominance fell to around 40% after the third halving, and after the second halving, it was about 35%. Current Market Indicators: Bearish or Bullish?  Bitcoin’s dominance is at 54%, though still at Bitcoin season. There is a slight decrease this week from 55.04% to 54.68%. This small drop suggests that some altcoins have started to outperform Bitcoin. Wise Advice believes that we are likely at the beginning of a cycle that will eventually lead to a new altcoin season. According to historical data and market trends, after the next Bitcoin ATH, we can expect a period where altcoins will see significant gains. Is Altcoin season finally here? Tell us what you think. 

Bitcoin Dominance Drops: Is Altcoin Season Approaching?

The post Bitcoin Dominance Drops: Is Altcoin Season Approaching? appeared first on Coinpedia Fintech News

In the downtrend, many altcoins suffered a bloodbath and dropped almost 30% to 70% in price in recent months. This huge decline has many analysts doubting the altcoin season. However, recent developments in Bitcoin’s dominance provide a glimmer of hope for altcoins. 

Want to know when to dive into altcoin season? Step in. 

Understanding the Halving Dynamics

Meanwhile, Prominent crypto analyst Wise Advice provides an insightful analysis of how the Bitcoin halving cycle can predict the timing of the next altcoin season. The core idea is that after each Bitcoin halving, which happens roughly every four years, there is a significant opportunity for altcoins to surge. This pattern has been consistent throughout Bitcoin’s history.

However, analysts suggest that investors could see this as an opportunity to shift their focus towards altcoins, expecting a potential gain. Moreover, for the altcoin season, at least 75% of the top 50 altcoins must outperform Bitcoin.

Halving Impact on Altcoins

After each halving, it takes about 1 to 1.5 years for Bitcoin to reach a new all-time high (ATH), and this is the period for altcoins boom like Ethereum, Solana, and Polkadot. For example, following the third Bitcoin halving on November 9, 2021, Bitcoin achieved its ATH, and shortly after, Ethereum hit its ATH of $4,800 on November 10, 2021. Solana reached $250 just five days before this, whereas Polkadot peaked at $55 on November 4, 2021, and Avalanche hit $146 on November 21, 2021. 

Similarly, during the second halving bull cycle in December 2017, Ethereum surged to $1,400 in early January 2018. The first halving bull cycle in November 2013 saw Litecoin rise from $2 to $53.

How Money Flow Pattern Works

The analyst further explains that the key to understanding these movements lies in the pattern of money flow. Initially, investors flock to Bitcoin, and as Bitcoin’s price increases, profits are often moved into altcoins. This inflow of money to smaller altcoins with lower market caps results in significant price increases for these assets.

The historical pattern shows that after Bitcoin reaches an ATH, its market dominance declines, which has been true for previous cycles. For instance, Bitcoin’s dominance fell to around 40% after the third halving, and after the second halving, it was about 35%.

Current Market Indicators: Bearish or Bullish? 

Bitcoin’s dominance is at 54%, though still at Bitcoin season. There is a slight decrease this week from 55.04% to 54.68%. This small drop suggests that some altcoins have started to outperform Bitcoin. Wise Advice believes that we are likely at the beginning of a cycle that will eventually lead to a new altcoin season. According to historical data and market trends, after the next Bitcoin ATH, we can expect a period where altcoins will see significant gains.

Is Altcoin season finally here? Tell us what you think. 
60,000% XRP Parabolic Price Spike to $9,761 Only 18 Days Away If Historic Patterns RepeatThe XRP price chart seems to be mirroring the same pattern as during its bull spike in 2017. Analysts note the same pattern in the price charts now expecting a 60,000% price pump. XRP analysts and holders debate how far the price of XRP will go varying from $20 to $9,761. The crypto community waits patiently for Bitcoin (BTC) to regain its full bullish momentum as altcoins show bullish signs instead. Amongst these bullish altcoins is VeChain (VET), WadzPay (WTK), JasmyCoin (JASMY), Cardano (ADA), and Ripple’s XRP. In particular, the  XRP Army is very bullish and is expecting a phenomenal price spike for XRP very soon. As the Ripple vs SEC cases seems to be nearing the final chapter of the battle, XRP’s price charts show a repeating pattern supporting the possibility of a parabolic price spike. ATTENTION #XRP HOLDERSIt took 21 Days after the first apex was broken for XRP to really get going before doing Approx 60,000% (2017 chart attached) Arguably we are almost at the exact same point. LINEAR charts have us 3 days POST APEX… 18 days before EUPHORIA kicks in!! pic.twitter.com/OYdt60P9Q2 — BLOCK BULL (@TheBlockBull) July 11, 2024 According to one crypto analyst XRP has been forming a large triangle that is finally complete. This could trigger a 60,000% price spike caused by a narrow oversell of the Bollinger Band. More importantly, this user believes it will take 21 days for the parabolic leap to arrive.  He draws an exact moment in history when XRP hit its current  ATH record in 2017 when the same event occurred. This event was the closing of the large triangle formation after which, 21 days later XRP pulled a 60,000% price pump.  Now, the analyst observes the closing of the same triangle close pattern which shows the same potential for a 60,000% price spike. He says according to the linear charts, it has been 3 days since this close which means that the pump will arrive 18 days from now. Strong evidence that $XRP on its way to $201. Strong support at $0.40-$0.50.2. Near lower Bollinger Band, oversold3. Moving average > current price; bullish4. Low volume during consolidation; watch for a volume surge5. Historical rallies after consolidation hint at… pic.twitter.com/PjWxb7IIGv — Armando Pantoja (@_TallGuyTycoon) July 11, 2024 Meanwhile, another user adds that there is strong evidence for XRP to hit $20 first due to five main reasons. The first being that the asset has strong support at $0.40-$0.50. Adding to this is the Bollinger Band scenario, the moving average being higher than the current XRP price, low volume during consolidation, and historic rallies after consolidation. One analyst even goes so far as to say that XRP will hit $9,761 on August 1, 2024. No doubt the XRP Army and the greater crypto community are both eagerly awaiting to see how this parabolic leap will take the price of XRP and if it will indeed arrive in the next 18 days. Read Also XRP’s Historical Upward Price Pattern Repeats, Bull Run Now? XRP Repeats a Familiar Pattern, Sign of More Significant Price Pumps Ahead? SHIB Inches Closer to DOGE; Memecoin War Repeat? XRP Charts Spark Hope: Potential Parabolic Surge Ahead Dogecoin’s Parabolic Rally Expected by April, Analyst Predicts The post 60,000% XRP Parabolic Price Spike to $9,761 Only 18 Days Away if Historic Patterns Repeat appeared first on Crypto News Land.

60,000% XRP Parabolic Price Spike to $9,761 Only 18 Days Away If Historic Patterns Repeat

The XRP price chart seems to be mirroring the same pattern as during its bull spike in 2017.

Analysts note the same pattern in the price charts now expecting a 60,000% price pump.

XRP analysts and holders debate how far the price of XRP will go varying from $20 to $9,761.

The crypto community waits patiently for Bitcoin (BTC) to regain its full bullish momentum as altcoins show bullish signs instead. Amongst these bullish altcoins is VeChain (VET), WadzPay (WTK), JasmyCoin (JASMY), Cardano (ADA), and Ripple’s XRP.

In particular, the  XRP Army is very bullish and is expecting a phenomenal price spike for XRP very soon. As the Ripple vs SEC cases seems to be nearing the final chapter of the battle, XRP’s price charts show a repeating pattern supporting the possibility of a parabolic price spike.

ATTENTION #XRP HOLDERSIt took 21 Days after the first apex was broken for XRP to really get going before doing Approx 60,000% (2017 chart attached) Arguably we are almost at the exact same point. LINEAR charts have us 3 days POST APEX… 18 days before EUPHORIA kicks in!! pic.twitter.com/OYdt60P9Q2

— BLOCK BULL (@TheBlockBull) July 11, 2024

According to one crypto analyst XRP has been forming a large triangle that is finally complete. This could trigger a 60,000% price spike caused by a narrow oversell of the Bollinger Band. More importantly, this user believes it will take 21 days for the parabolic leap to arrive. 

He draws an exact moment in history when XRP hit its current  ATH record in 2017 when the same event occurred. This event was the closing of the large triangle formation after which, 21 days later XRP pulled a 60,000% price pump. 

Now, the analyst observes the closing of the same triangle close pattern which shows the same potential for a 60,000% price spike. He says according to the linear charts, it has been 3 days since this close which means that the pump will arrive 18 days from now.

Strong evidence that $XRP on its way to $201. Strong support at $0.40-$0.50.2. Near lower Bollinger Band, oversold3. Moving average > current price; bullish4. Low volume during consolidation; watch for a volume surge5. Historical rallies after consolidation hint at… pic.twitter.com/PjWxb7IIGv

— Armando Pantoja (@_TallGuyTycoon) July 11, 2024

Meanwhile, another user adds that there is strong evidence for XRP to hit $20 first due to five main reasons. The first being that the asset has strong support at $0.40-$0.50. Adding to this is the Bollinger Band scenario, the moving average being higher than the current XRP price, low volume during consolidation, and historic rallies after consolidation.

One analyst even goes so far as to say that XRP will hit $9,761 on August 1, 2024. No doubt the XRP Army and the greater crypto community are both eagerly awaiting to see how this parabolic leap will take the price of XRP and if it will indeed arrive in the next 18 days.

Read Also

XRP’s Historical Upward Price Pattern Repeats, Bull Run Now?

XRP Repeats a Familiar Pattern, Sign of More Significant Price Pumps Ahead?

SHIB Inches Closer to DOGE; Memecoin War Repeat?

XRP Charts Spark Hope: Potential Parabolic Surge Ahead

Dogecoin’s Parabolic Rally Expected by April, Analyst Predicts

The post 60,000% XRP Parabolic Price Spike to $9,761 Only 18 Days Away if Historic Patterns Repeat appeared first on Crypto News Land.
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