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#FDUSD 1 The Algorand coin’s price increased by 2.50% over the last week.2 The price of ALGO coin is trading at $0.11425 and the 52-week range is $0.09853 – $0.29788.
Algorand (ALGO) has a fully diluted valuation (FDV) of $1,141,164,983. This is a hypothetical market cap, assuming all 10 Billion ALGO tokens are circulating today. This is according to the crypto data and information website Coingecko. However, the actual FDV may take years to reach, depending on how the ALGO tokens are distributed over time.
As per Coinmarketcap, Algorand crypto plummeted by 2.97% in market value and by 32.49% in trading volume in the last 24 hours. Its market value is $890,404,530 and its trading volume is $54,697,594. There are 7,810,458,410 ALGO in circulation.
Algorand coin’s (ALGO) open interest is $37.06 Million. As per Coinglass, another crypto analysis website, it fell by 3.57% in the previous session. The long versus short ratio for 24 hours is 0.9361. The total number of short positions added in the last 24 hours is $4.58 K against longs of $66.48 K.
ALGO Coin Price Technical Analysis in the 1-Day Timeframe
ALGO coin price showed a downward trend for the past three months, decreasing by 32.34% during this period. At the time of publication, the ALGO Coin price is trading at $0.11425, and the price took support at the $0.09852 level and broke the trendline resistance.
Therefore, if the ALGO Coin price sustains the current level and rises, then it might hit the nearest resistance levels of $0.12237 and $0.13978.
However, the ALGO coin price could continue to move downwards and reach an all-time low at $0.09853. If it fails to maintain the current level.
Source: ALGO/USD.1D.BITSTAMP by TradingView
At the time of publishing, the ALGO coin price (BITSTAMP: ALGO) is trading below the 50, 100, and 200-day EMAs (exponential moving averages), which are rejecting the ALGO Coin price trend.
However, 20-day EMA is supporting the trend if more buying volume adds up then the price might conquer rejecting EMA’s by making higher highs and lows.
Hence, ALGO Coin price prediction estimates the prices to move upwards, indicating a bullish outlook over the daily time frame chart for its price.
Source: ALGO/USD.1D.BITSTAMP by TradingView
The MACD line at 0.00136 and the signal line at 0.00227 is below the zero line and both lines crossed each other a bullish crossover is observed in the MACD oscillator, suggesting bullish signals. The current value of the RSI is 52.81 points and the 14-day SMA is below the median line at 44.06 points, which indicates an upward direction and bullish sentiments in the market for the ALGO coin.
Conclusion
ALGO coin price prediction highlights the bullish sentiments and perspectives of investors and traders regarding the ALGO coin in the daily time frame. Algorand price action highlights a bullish view at the time of publishing. Moreover, the technical parameters of the Algorand price suggest the continuation of the uptrend over the daily time frame chart. Major trustworthy indicators MACD, RSI, and EMA, provide positive signals regarding the $ALGO crypto prices.
Technical Levels
Support levels: The nearest support levels are all-time low at $0.09853.Resistance levels: The nearest resistance levels are $0.12237 and $0.13978.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in #crypto assets comes with a risk of financial loss.#crypto2023 #MultiChain #BinanceTournament

#GOATMoments The #crypto market tracking website, CoinMarketCap, indicated that 1inch Network (1INCH) saw a more than 12% price increase, despite the fact that the majority of cryptos were trading in the red. In addition, the total crypto market cap decreased by 0.26% over the past 24 hours of trading, which left it standing at $1.21 trillion.
At press time, 1INCH was trading hands at $0.3723. This meant that the #altcoins. was trading much closer to its daily high of $0.3787 than its 24-hour low of $0.3331. Furthermore, 1INCH’s 24-hour trading volume skyrocketed by more than 300% throughout the past day. As a result, the crypto’s volume stood at approximately $89,3996,453.
1INCH’s success over the past 24 hours boosted its weekly performance even further into the green to +21.99%. In addition, the altcoin’s monthly performance was also up by more than 40%.
3-hour chart for 1INCH/USDT (Source: TradingView)
1INCH broke above the resistance levels at $0.3375 and $0.3539 over the past 24 hours, and flipped the two levels into support as well. At press time, the altcoin was looking to challenge the next resistance at $0.3756. However, bears were asserting their dominance and defending the key price point.
Traders and investors will want to take note of a short-term bearish candlestick pattern that had formed on 1INCH’s 3-hour chart over the past 3 hours. A bearish hammer pattern had formed during this period, which suggested that the altcoin’s price was approaching a price top. If this bearish candlestick is validated, $1INCH ’s price may drop in the coming 6-12 hours.
On the other hand, if the bearish candlestick is not validated, then #1INCH ’s price may flip the resistance at $0.3756 resistance into support and may break above $0.3987 in the next 24 hours. A confirmation of this bullish thesis will be if the crypto’s price closes a 3-hour candle above $0.3756 in the upcoming 24 hours.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.#multichain

#multichain On-chain data vendor IntoTheBlock has shared data that may suggest how many BTC coins have been permanently out of circulation by now from the slightly more than 19 million mined Bitcoins.
According to a recently published tweet by this data aggregator, approximately 29% of the circulating BTC have remained dormant over the span of the last five years. The company stresses that it is likely that a big portion of these Bitcoins have been lost for good.
Ever wondered how many Bitcoins are lost forever? Our data shows that 29% of BTC hasn't moved in over 5 years. It's possible that a large part of this concerns lost coins. #Bitcoin— IntoTheBlock (intotheblock) July 17, 2023
It matches the recent tweet of Glassnode about "hodled or lost Bitcoins." The data agency reported recently that this metric shows 7,781,224.168 BTC.
📈 Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 5-year high of 7,781,224.168 #BTC View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/nF9KjaR2jv— glassnode alerts (glassnodealerts) July 17, 2023
On Thursday, July 13, the flagship cryptocurrency Bitcoin surged by around 3.50%, soaring to the $31,641 level on bullish news for the whole crypto industry — Judge Analisa Torres announced that Ripple did not violate U.S. securities law by selling XRP on public crypto trading venues. Unlike that, Ripple's selling XRP to financial institutions was deemed selling securities by the court.
Still, this partial victory drove the XRP price up by more than 70% and pushed the rest of the market way up as well, including Bitcoin.
Many major crypto exchanges that delisted $XRP immediately after the start of the Ripple-SEC lawsuit in December 2020 have now relisted it, including Coinbase and Binance US.
However, the following day, the #crypto market leader fell by 4.78%, hitting the $30,133 zone. At the time of this writing, #bitcoin is changing hands at $30,092 on the Bitstamp exchange.#BinanceTournament

#FDUSD Neither bulls nor bears have seized the initiative on the #cryptocurrency market yet.
Top coins by CoinMarketCap
BNB/USD
The price of Binance Coin ($BNB ) has declined by 0.60% since yesterday.
Image by TradingView
The rate of #Binance Coin (BNB) is also looking bearish on the hourly time frame. If the price remains below the $239.7 mark, there is a high possibility of seeing a test of the $235 mark soon. Such a scenario is relevant until the end of tomorrow.
Image by TradingView
The situation is also bearish on the bigger chart, as the rate has failed to fix above the $240 zone. If buyers cannot seize the initiative shortly, the drop may continue to the next support area of $230-$235.
Image by TradingView
From the midterm point of view, traders should focus on the zone around $235. If the bar closes near that mark, the decline may lead to a further downward move to $220. Such a scenario is relevant until the end of the month.
#BNB is trading at $239 at press time.#MultiChain

#FDUSD Fellow Binancians,
Binance will open trading for the ASR/TRY, ATM/TRY, ACM/TRY, $BAR /TRY, $JUV /TRY and $PSG /TRY trading pairs at 2023-08-10 08:00 (UTC).
Start Trading on #Binance Spot Now!
Notes:
TRY is a fiat currency and does not represent any other digital currencies.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#MultiChain #Worldcoin #BinanceTournament

#GOATMoments After Ripple’s partial win against the Securities and Exchange Commission (SEC), the XRP token now accounts for 21% of the total crypto trading volume, leaving behind the flagship cryptocurrency Bitcoin (BTC).
There has been a revival of positive sentiment amid the XRP community as the three-year-long legal battle against the SEC seemingly comes to an end.
XRP Volume Nearly Hits $25 Billion in 4 Days
According to data from CoinMarketCap, XRP has recorded around $25 billion in total trading volume since July 13. The volume surge came after the court ruled that Ripple did not violate federal securities law by distributing XRP on crypto exchanges.
On July 13, XRP recorded over $10 billion of trade, considered the largest volume in the last one and a half years.
XRP’s latest trading volume. Source: CoinMarketCap
With this, the digital asset data provider Kaiko shared that “XRP has surpassed #BTC as the highest volume asset.”
The chart below shows that XRP contributed 21% to the market share of crypto volume in the last month, while $BTC contributed 20%. Whereas Ethereum (#ETH ) is responsible for 8% of volume, and other altcoins combined make up 51% of the crypto volume.
XRP surpasses Bitcoin’s market share of crypto trade volume. Source: Kaiko tweet.
We Ain’t Seen Nothing Yet
A Twitter user, Leonidas, highlighted that XRP’s July 13 marked the 76th largest daily trading volume. He explained:
“Even though this seems like a big number, historically, this was XRP’s 76th largest daily trading volume recorded on CMC. The highest was almost $37 billion on April 6th, 2021.We ain’t seen nothing yet…”
After XRP’s partial victory on Thursday, the cryptocurrency has become fourth-largest based on market capitalization. Moreover, exchanges such as Kraken, Coinbase, and Binance.US have started relisting $XRP .
Click here to learn more about AI #crypto trading bots.
But Ripple will still have to fight legal battles in the future as the company might have violated federal securities law by selling tokens worth $728.9 million to institutional investors.#multichain

#GOATMoments Tesla (NASDAQ: TSLA) CEO Elon Musk is known for his appreciation of the meme cryptocurrency Dogecoin (DOGE) and his close association with the token, which consistently influences its value. As the world’s richest man, Musk’s preference for Dogecoin is intriguing, especially considering the existence of other established cryptocurrencies, such as Bitcoin ($BTC ) and Ethereum ($ETH ).
In this line, during his appearance at the Wall Street Journal CEO Council Summit in Q2 2023, Musk elaborated on why the meme coin ranks as his favorite cryptocurrency. Musk explained that his love for Dogecoin goes beyond the token’s capabilities in the cryptocurrency market and is more related to its humorous nature.
At the same time, despite his influence in the crypto space, Musk made it clear that he is not advising anyone to invest in digital currencies or take any financial risks lightly.
“I’m not advising anyone to buy a crypto or bet the farm on Dogecoin or anything like that. Maybe you should, but let me advise you that would be perhaps unwise. Dogecoin is my favorite cryptocurrency because it has the best humor and has dogs.”
"Dogecoin is my favorite cryptocurrency because it has the best humor and has dogs" — Elon Musk pic.twitter.com/sMGv1AbzQC— DogeDesigner (@cb_doge) July 19, 2023
Musk’s relationship with DOGE
Musk’s connection with Dogecoin has been longstanding, marked by his promotion of the cryptocurrency on platforms such as Saturday Night Live, purchasing it for his son, and expressing his willingness to collaborate with its developers to enhance its appeal for broader use. In a true show of commitment, he temporarily replaced the Twitter logo with a Dogecoin image after acquiring the company.
At the same time, crypto players are also appreciating Musk’s role in helping Dogecoin find viability. For instance, Changpeng Zhao, the CEO of Binance, shared his surprise that Dogecoin had not faded away and suggested that Musk might have played a part in prolonging the lifespan of the memecoin.
Notably, there is increased speculation that Dogecoin might find a new role within the Twitter ecosystem after Musk announced a new financial system for the social media platform.
Furthermore, as reported by Finbold, Dogecoin surged briefly when reports emerged about Tesla potentially integrating Bitcoin and DOGE as payment options, driven by the possibility of adding source code.
Despite Musk’s specific appreciation for #Dogecoin , he remains an influential figure in the overall #cryptocurrency market. In line with this, Finbold reported that the billionaire entrepreneur agreed with the notion that by 2030, #cryptocurrencies. will be backed by GPUs.
In the meantime, $DOGE continues to hold above the $0.07 support zone, trading at $0.072 at the time of writing.#MultiChain