Cryptocurrency Market to be Worth $11.71 Billion by 2030: Grand View Research, Inc. - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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Following McCarthy’s absence, crypto-friendly lawmaker Patrick McHenry has been acting as the interim Speaker but is not expected to be a contender for the job. Former U.S. President Donald Trump has given his endorsement to Jordan, who has repeated falsehoods surrounding the results of the 2020 presidential election. Scalise, who has reportedly described himself as akin to white supremacist David Duke “without the baggage” may also receive support from many in the Republican Party. “[The Speaker’s race] paralyzes the House on nearly every front legislatively,” said the Blockchain Association director of government relations Ron Hammond in an Oct. 10 X thread. “If it drags out over another week then a lot of things can happen including potential new speaker candidates coming forward. For crypto though, McHenry is still the person to watch. He wants votes on crypto ASAP.”According to Hammond, the uncertainty surrounding the House Speaker along with the criminal trial of Sam Bankman-Fried and the war between Israel and Hamas “could push bills like stablecoins” to November or December:“These major events will also dovetail into the 2024 election cycle. Presidential election years are hard to pass anything meaningful in Congress as everyone is focusing on winning.”Ji Kim, head of global policy for the Crypto Council for Innovation, told Cointelegraph crypto was "becoming a priority" for Congress. According to Kim, legislation including the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoin Act "will likely be delayed until a new Speaker is elected". Related: Crypto bills could be delayed as many prepare for US gov’t shutdownIt’s unclear how Republican lawmakers plan to prevent a repeat of the events leading to McCarthy being chosen as Speaker in January. It took 15 rounds of voting before the California Representative could officially hold the gavel, during which time all legislation was on hold. Neither Jordan nor Scalise have been particularly outspoken about any pro- or anti-crypto positions they may hold. Crypto-focused bills passed by the House Financial Services Committee in July could move forward with a floor vote in the full House before the next session of Congress, but delays in determining a Speaker and consequently dealing with a potential government shutdown in November could stymie progress. Magazine: Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’ Source: TradingViewThe Ethereum price has dropped by 3.5% in the past 24 hours, falling to $1,667 today as the cryptocurrency market loses 2.5% amid profit-taking from investors.Despite today's loss, ETH remains up by 5% in a week and by 2% in the last 30 days, with the market's biggest altcoin also having gained by 39% since the beginning of the year.And with the market as a whole still carrying momentum from its rally at the start of the week, ETH could easily post further gains in the next few days, with its long-term prospects remaining as good as ever.Ethereum Price Prediction as $12 Billion Trading Volume Floods In – Where is ETH Heading Next?ETH's chart still looks good, even with today's loss, given that the coin's indicators continue to point towards further gains.Source: TradingViewThe altcoin's relative strength index (purple) has resumed climbing towards 60 after dropping from 70 overnight, a sign that today's profit-taking may not be enough to derail what could end up being a sustained period of rallying.Another encouraging sign comes from ETH's 30-day moving average (yellow), which continues to climbing steadily higher, potentially on course to climb over the coin's 200-day average (blue).What's especially heartening about this is that the 30-day average remains substantially below the 200-day, so ETH has plenty of room left to rise before it becomes dangerously overbought.It's also positive that the coin did not fall back down to its medium-term support level (green), something which indicates that the asset may have entered an accumulating phase overall.This would suggest that ETH is likely to resume gaining in the coming days and/or weeks, with the altcoin potentially on course to reach $1,700 by the end of the week and possibly hit $1,800 by the end of the month.There are good technical and fundamental reasons to suspect this, with ETH having been massively oversold for several weeks and months now, as indicated by just how low its RSI had been in September and August.Likewise, Ethereum continues to dominate the cryptocurrency ecosystem, with the layer-one blockchain accounting for around 55% of the entire DeFi sector, and that's without adding the TVLs of any ETH-based layer-two networks.It also continues to attract major adoption and usage, with PayPal's announcement of an Ethereum-based stablecoin being arguably the most noteworthy piece of news to hit the entire crypto industry in the past few months.Based on all of this, ETH is still on course to return to $2,000 by the end of the year, with a fully fledged bull market in 2024 likely to help it return to $2,500, if not higher.Newer Altcoins Can Rally FasterBecause ETH is an established altcoin, its gains from here on out may be fairly gradual, meaning that any traders looking for market-beating returns in a small amount of time may have to look elsewhere.Fortunately, there are a number of newer altcoins in the market right now which are set up nicely for potentially large gains in the near future, with a handful of presale tokens looking particularly promising.A prime example of such a coin is Meme Kombat (MK), a new gaming platform that will enable users to bet against each other on the outcome of AI-generated battles between well-known meme characters.Meme Kombat's presale has already raised more than $230,000, which is impressive considering that the sale has been open for only a couple of weeks ago.This suggests that investors are quickly being drawn in by the new platform's features, which will see users rewarded in the form of Ethereum-based MK tokens whenever they win bets on the results of computer-controlled fights.Another thing that makes MK attractive is that it will have a limited supply of only 12 million tokens, something which could make it considerably deflationary in the long run.50% of this supply has been reserved for the sale, with another 30% going towards battle and staking rewards, meaning that holders can also earn a passive income from the token.10% will go towards liquidity, while the last remaining 10% has been allocated to community rewards, a move that will help to incentivize greater engagement with Meme Kombat.New buyers can join the sale by visiting the official Meme Kombat website, where 1 MK token will cost $1.667 for the entirety of the sale.MK will list once the sale finishes in the next few weeks, at which point it could rally strongly.Visit Meme Kombat NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Solana Price Prediction as $1 Billion Trading Volume Sends SOL Flying Up 25% – Are Whales Buying? Cryptocurrency Market to be Worth $11.71 Billion by 2030: Grand View Research, Inc.The firm is in a long-term contract whereby it sells pre-purchased power to its utility provider at market-driven spot prices in exchange for power curtailment credits. The amendments reportedly met some reservations from the Cyprus Bar Association, especially regarding the obligation for crypto service providers with acting licenses from other European countries to still register with the CySEC. Such provision was included in the amendments by the CySEC itself.

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OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull Bears have also gained ground over Alpine F1 Team Fan Token (ALPINE), the third most significant fan token by market cap. The mood shift has led to a drop in ALPINE’s price, from a daily peak of $1.68 to a month’s low of $1.62. Top 5 Best Crypto to Watch in South AfricaDeleted accounts Archax announces crypto/money-market-fund trading pairs!Facilitates regulated trading against #cryptocurrencies.https://t.co/1g8dfXgXNgCapital at risk

Unlike other blockchain platforms that require learning a new programming language like Solidity, Rust, or Move; Neo allows us to work with more familiar languages. This made it easier for our development team, who had no prior experience with smart contract development, to get up to speed. Impressively, we were able to learn and deploy three contracts within just two weeks. 0xSisyphus is also understood to have once offered a 1,000 ETH bounty to anyone who could identify the wallet address that drained the pool and engaged law enforcement in both the United States and Hong Kong, further raising doubts about the new accusations.Related: AnubisDAO’s rug-pulled 13.5K ETH washes away on Tornado Cash“Is Sisyphus at fault for gross negligence for lying about the Anubis team multisig? Absolutely 100%. Probably a civil case possible for victims,” wrote ZachXBT. ZachXBT noted that negligence, in this case, is very different from stealing money from one’s own project. “[As far as I know,] Sisyphus was the only team member speaking with the [Department of Homeland Security].”“You really think they did not look at him first and monitor his activity?” asked ZachXBT.He also explained that the two actors most likely responsible for the loss of funds during the AnubisDAO scandal were two pseudonymous users known only as “Beerus” and “Ersan.”Magazine: NFT collapse and monster egos feature in new Murakami exhibition What are the 5 best cryptocurrencies to invest?Bitcoin network hashrate on October 3, 2023. Furthermore, using the multiple confirmations technique, where transactions are checked by many nodes or validators, offers an additional layer of security, ensuring a wider consensus and lowering the possibility of mistakes or malicious attacks.

Lucky Star Currency office, Shenzhen, China. Source: Certik, Telegram CryptoNight is GPU-mining friendly, but its characteristics make it ideal for CPU mining. With its set of 64-bit fast multipliers for maximum speed, the CPU architecture is very efficient; moreover, the heavy use of CPU caches guarantees the best performance. Digital Dollar Development Stirs Transaction-Tracking TensionsHowever, immediately after concluding the call, the attackers initiated a series of ETH transfers from his wallet. Yyctrader admitted that his biggest mistake was opening the phishing link in the same web browser where his Friendtech wallet was actively running. Classy Crypto continued his Algorand review by noting that the project has $37.95 million in total value locked (TVL) with a respectable stablecoin market cap. However, he stated that Algorand is not strong in decentralized finance (DeFi), as only a few DeFi-related projects are on its blockchain.

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