Can I convert BTC to Usdt on Coinbase? - cyptoranking.com

2024-05-01

Popular crypto exchanges(2023 Update) 2024-05-01
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Bitcoin led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained, as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin (BTC) exchange-traded fund.Still, the victory may prove to be bullish for Grayscale. Glassnode analysts said in an X (formerly Twitter) post on Aug. 30 that the Grayscale Bitcoin Trust (GBTC) could return to a premium next year. It is important to note that GBTC has been trading at a discount to the spot Bitcoin price for the past two and a half years.Daily cryptocurrency market performance. Source: Coin360In the short term, even though the S&P 500 Index is on a path of recovery and the U.S. Dollar Index has turned down in the near term, the crypto markets are not able to sustain the higher levels. This shows that traders have maintained their focus on crypto-specific news.Could bulls defend the support levels in Bitcoin and altcoins? Will that lead to a stronger recovery soon? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin’s range resolved to the upside with a sharp breakout on Aug. 29. This move indicates that the price is likely to oscillate inside the large range between $24,800 and $31,000 for a few days.BTC/USDT daily chart. Source: TradingViewThe 20-day exponential moving average (EMA) of $27,168 is flattening out and the relative strength index (RSI) is just below the midpoint, indicating that the selling pressure is reducing. Buyers will try to defend the breakout level of $26,833. If they succeed, it will signal that the bulls have flipped the level into support. The BTC/USDT pair may first rise to the 50-day simple moving average (SMA) of $28,689 and thereafter attempt a rally to $31,000.If bears want to trap the aggressive bulls, they will have to pull the price below $26,833. If they do that, it will indicate that the bears are selling on every recovery attempt. The pair could then retest the strong support at $24,800.Ether price analysisEther (ETH) once again rebounded off the crucial support at $1,626 on Aug. 28, indicating that the bulls are buying the dips.ETH/USDT daily chart. Source: TradingViewThe momentum picked up on Aug. 29, and the bulls propelled the price above the 20-day EMA ($1,716). This suggests that the ETH/USDT pair could swing between $1,626 and $1,816 for some more time.The price turned back below the 20-day EMA on Aug. 30, signaling that bears have not yet given up. If the price maintains below the 20-day EMA, the pair could tumble to $1,626. Contrarily, if the price turns up and climbs back above the 20-day EMA, the pair may reach the overhead resistance at $1,816.BNB price analysisAfter tight range trading near $220 for a few days, BNB (BNB) surged higher on Aug. 29. The relief rally is facing resistance at the 50-day SMA ($235) as seen from the long wick on the day’s candlestick.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($224) is flattening out and the RSI is just below the midpoint, indicating that the downward selling pressure is reducing. If the price turns up from the current level, the BNB/USDT pair could rally to the resistance line. This level may again attract aggressive selling by the bears.On the downside, if the price slides below $220, it will indicate that the bears remain in control. The pair could then slump to the Aug. 22 intraday low of $203.XRP price analysisXRP (XRP) has been trading between $0.50 and $0.56 for the past few days. This suggests that the bulls are buying near the support and the bears are selling close to the resistance.XRP/USDT daily chart. Source: TradingViewThe downsloping 20-day EMA ($0.55) and the RSI in the negative territory indicate that the bears have the upper hand. Sellers will try to sink the price below the strong support at $0.50. If they manage to do that, the XRP/USDT pair may plummet to $0.41.Alternatively, if the price rebounds off $0.50, the pair may extend its stay inside the tight range for some more time. Buyers will have to shove and sustain the price above $0.56 to signal the start of a sustained recovery. The pair may then rise to the 50-day SMA ($0.64).Cardano price analysisThe bulls pushed Cardano (ADA) above $0.28 on Aug. 29, but they could not sustain the higher levels. That kept the price below the resistance at $0.28.ADA/USDT daily chart. Source: TradingViewThis shows that the price remains stuck inside the range between $0.24 and $0.28. The next support is at the uptrend line. If the price rebounds off this level with strength, it will suggest that every minor dip is being purchased. That will enhance the prospects of a rally above $0.28. Above this level, the ADA/USDT pair could soar to $0.32.Instead, if the price dives below the uptrend line, it will signal that the bears are trying to make a comeback. The pair could then skid to the vital support at $0.24.Dogecoin price analysisDogecoin (DOGE) reached the 20-day EMA ($0.07) on Aug. 29, but the bulls are struggling to sustain the price above it. DOGE/USDT daily chart. Source: TradingViewIf the price turns down sharply from the current level, it will suggest that bears are selling on rallies. The DOGE/USDT pair may then consolidate between the 20-day EMA and the support at $0.06.Alternatively, if the pair does not give up much ground from the current level, it will suggest that the bulls are maintaining their buying pressure. That could open the gates for a potential rally to $0.08.Solana price analysisSolana’s (SOL) recovery hit a roadblock at the 20-day EMA ($21.77) on Aug. 29, indicating that the sentiment remains negative and traders are selling on rallies.SOL/USDT daily chart. Source: TradingViewThe bears will once again try to tug the price to $19.35. If this level cracks, the SOL/USDT pair could start a downward move to $18 and then to $16.The bulls are likely to have other plans. They will try to build upon the recovery by pushing the price above the overhead resistance at $22.30. If they can pull it off, the pair may rise to the 50-day SMA ($23.59). If the price turns down from this level, the pair may remain range-bound between the 50-day SMA and $19.35 for some time.Related: Why is Dogecoin price up today?Toncoin price analysisToncoin (TON) soared above the neckline of the inverse head-and-shoulders pattern at $1.53 on Aug. 29. This signals a potential trend change.TON/USDT daily chart. Source: TradingViewTypically, after a breakout, the price turns down and retests the breakout level. If the price bounces off $1.53, it will suggest that the bulls have flipped the level into support. That could start an up move toward the pattern target of $1.91. If this resistance is scaled, the TON/USDT pair could reach $2.07.If the bears want to prevent the rally, they will have to quickly sink the price back below $1.53. Such a move could trap the aggressive bulls, resulting in a long liquidation. The pair may then slump to $1.25.Polkadot price analysisPolkadot (DOT) broke and closed above the 20-day EMA ($4.64) on Aug. 29, but the long wick on the candlestick shows selling at higher levels.DOT/USDT daily chart. Source: TradingViewThe bears pulled the price back below the 20-day EMA on Aug. 30. This indicates that the bears have not given up and are viewing the recoveries as a selling opportunity. The flattening 20-day EMA and the RSI in the negative territory signal possible range-bound action in the near term.If the price breaks below $4.50, the DOT/USDT pair may swing between the 20-day EMA and $4.22 for some time. On the other hand, a break and close above the 20-day EMA could propel the pair to the overhead resistance at $5.Polygon price analysisPolygon (MATIC) is facing stiff resistance in the zone between $0.60 and $0.65 as seen from the long wick on the Aug. 29 candlestick.MATIC/USDT daily chart. Source: TradingViewThe price turned down on Aug. 30, suggesting that the MATIC/USDT pair could consolidate in a large range between $0.51 and $0.65 for a while. The price action inside the range is likely to remain random and volatile.If bears want to seize control, they will have to drag the price below $0.51. That could resume the downtrend with the next support at $0.45. On the upside, a break and close above the 50-day SMA ($0.67) could signal that the bulls are in the driver’s seat.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. Source: metacene.ioMetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million - and it may soon come out.According to the team behind the game, MetaCene is building a "homeland for mass players." It will take users into a post-apocalyptic society where survivors interact with six primary in-game non-fungible token (NFT) types to "redefine civilizations." It pioneers player-centric entertainment, governance, and creation through its technology infrastructures, social guild decentralized autonomous organization (DAO) governance, and in-game editors, it said.The team added that,"Capturing the true essence of Web3, we transcend the ordinary by seamlessly combining the AAA aspirations of Web2 gaming with the revolutionary technologies of AI and blockchain." Per the roadmap, the team plans to conduct the second alpha test and launch the mainnet blockchain in Q3 this year.In Q4, they expect to launch the commercial version 1.0, followed by version 2.0 in 2024.Bloomberg argued that investors and crypto game makers are looking for a way to build a game "that doesn’t look like a vessel for sketchy financial speculation." According to creator Alan Tan,"The notion was that gamefi players were in it just for the money but not for the fun. But that was just because developers opted to focus on the ‘fi’ but not the ‘game’."Per Blomberg, MetaCene "has a long way to go, but the early reception shows that a solid game with a crypto element is better than a crypto economy with a game attached to it."Taking Transaction Cut, Planning to Raise MillionsMetaCene was founded in October 2021 by gaming veterans, with more than two decades of industry experience from Shanda Games, Blizzard, Perfect World, and others. The team, led by Alan Tan, includes Cary Chen, Lion Cheung, Owen Fung, and Last Chan.In August, MetaCene announced its alpha test as a limited-time event to allow players to explore three main areas of the game's world, meet each other, form guilds, complete quests, and earn rewards. Of the 2,961 players, some 90% engaged in Player vs Player (PVP) combat, the team said after the test was concluded. Players collectively played 461,916 minutes, made USDT 6,166 in transactions, and created 1,225 new addresses."It’s free-to-play, and some elements will feel like cash grabs," Bloomberg said. Also, the company will take a cut of each crypto transaction between players. It plans to raise an additional $8 million from venture capitalists to support development.The company is currently looking for game ambassadors.In August, the team announced the launch of its interactive user engagement system, the Metropolis Sentry, allowing players to complete tasks and collect rewards, including in-game equipment and NFTs that can be redeemed in the official game version. Currency is earned via crystal mining and can be done without players' active participation. ____Learn more:- NFL and Mythical Games Unveil NFL Rivals: The First Web3-Powered NFL Game- FarmVille Creator Zynga Introduces Ethereum NFT Game 'Sugartown'Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations Can I convert BTC to Usdt on Coinbase?Continuous Purchase Rate: Burning a massive number of tokens, like 10 billion, in a short period may not impact the price significantly if there are far larger transfers and daily purchases happening. It’s not just about burning; it’s about maintaining a balance with the current purchase rate. A concerning paper trail indicates that Axos Bank has maintained customer relationships with questionable business operators, including Alex Jones, Prime Trust’s Scott Purcell, Binance’s CZ, and others. Worse, the bank’s CEO has been selling shares in the company.Crypto investment products see largest inflows since July: CoinShares

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A recent social media post from Aztec seeking to promote the emulator’s value proposition, speculated that validated achievements could potentially unlock rewards, badges, or new game levels. Friend.tech Adds 2FA Password for Users Amidst Ongoing SIM-Swap Attacks EU Lawmakers Vote to Impose €1000 Limit on Unidentified Crypto Transactions-Regulation Bitcoin News🚨 Nov 17 is the new deadline for a US Government shutdown. Why is it positive for #Bitcoin ?– Safe haven asset: Investors may turn to #BTC as a hedge against economic uncertainty and inflation during a shutdown.– Reduced Regulation: With government agencies temporarily… pic.twitter.com/at7pLAPfCm Read more: Could CBDCs, stablecoins shift institutional funding in emerging markets? Panelists weigh in

Firstly, the large demand can help slow down the XRP price slump. Secondly, it could boost other strategic retail traders’ confidence. That would enhance the network’s use cases within the DeFi market. Coinbase’s Base is ready to dominate the market, and developments such as CoCa Cola’s attention would boost its long-term performance. Best App To Sell Bitcoin In Nigeria At The Highest Rate2. PANCAKE SWAP It’s really hard to wrap your head around a fundamentally new technology. [Decentralization] is a paradigm shift to a world where trust is bottom-up based on a globally shared database. That’s versus the current top-down system where authorities imbue trust and other levels of authority through intermediaries all around the world.

SAGE Labs saw 1,442 active players on Sunday, each making roughly 1,590 transactions apiece. That’s a staggeringly high number of transactions for one player—but it’s because of how the game was designed. This will leave the victim suffering not only from their financial losses but also from mental anguish. Turkey gripped by cryptocurrency frenzySupport Levels: $85.20 and $84.50 “Gesoten by GMO” serves as an online gaming and community platform, offering users the chance to enjoy various online games with a built-in community function for user interaction. It also seamlessly integrates with GMO Media-operated services like “Point Town by GMO,” providing players with the ability to accumulate points while enjoying their gaming experiences.

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