Explained: NSE wants to increase trading hours for the equity segment. How could it impact you? - cyptoranking.com

2024-05-01

Popular crypto exchanges(2023 Update) 2024-05-01
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A Beginner’s Guide to Crypto Trading Multimillion-dollar funding rounds from Web3 companies have become the norm in 2023. EVE Online developer CCP Games raised $40 million in March to develop a new spinoff EVE game, and Hyperplay raised $12 million in June to further develop its distribution platform and Steam competitor.Oasys and GMO Media Join Forces to Introduce a New Verse on Oasys Explained: NSE wants to increase trading hours for the equity segment. How could it impact you?Supply and Demand: The primary driver of a token’s value remains the interplay between supply and demand. A surge in SHIB demand coupled with diminished supply due to burning can amplify the token’s allure and price. Nevertheless, the end result of @Washigorira’s prediction is the $137,000 level, to be reached as early as August 2024.

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The analyst says he leans toward the second interpretation due to how well Bitcoin is holding up against the “tumultuous” macro environment. yPredict's crypto presale is advancing, offering AI-based trading tools and targeting a final raise of over $6.5 million.yPredict, an AI trading platform, is progressing through the stages of its crypto presale. As of writing, the platform is in Stage 7 of its token sale, having raised $4,195,330.35 toward its final target of $6,507,551.The platform distinguishes itself by offering a comprehensive set of AI-based trading tools, including but not limited to trading signals, price prediction and technical analysis. Additionally, yPredict has delved into content generation with its WriteMingle Beta Testing Program. Visit yPredict HereA Detailed Look at the Presale MechanicsCurrently in Stage 7, yPredict has $400,000 left to raise before the token price increases from $0.10 to $0.11. The total supply of YPRED tokens is capped at 100 million, with 80 million allocated for the presale.Upon reaching Stage 8, the platform will offer 17,500,000 tokens for sale, accounting for 21.875% of the total supply, valued at $1,925,000. The end goal for the presale is to achieve a market cap of $6,507,551. Regarding price prediction, the platform's internal estimates suggest that the annual percentage yield (APY) could reach 45% each quarter.An additional aspect of the yPredict platform worth highlighting is its approach to staking rewards for token holders. According to the company, 10% of subscription revenues will be diverted into a staking pool from which rewards will be distributed to YPRED token holders. This arrangement could provide an additional incentive for participation in the platform, beyond the suite of AI-based trading and analytical tools already on offer.AI-Driven Trading Tools: Beyond Simple SignalsyPredict centers its suite of services around AI trading, providing more than just trading signals. The platform is working on a range of products including yPredict Predictions, yPredict Analytics, yPredict Repository, yPredict Terminal, and yPredict Marketplace.In terms of AI application, yPredict Analytics plans to utilize models capable of predicting cryptocurrency prices. These models are being developed by specialists in AI and will be available to users who hold a minimum of $500 in YPRED tokens.Beyond its trading focus, yPredict is also expanding its reach with WriteMingle, a beta program focused on content generation. Raj Sharma, the CEO of yPredict, stated, "Our goal with WriteMingle is to allow people to focus on big picture content strategy and creation, while letting AI handle the time-consuming busywork like proofreading and SEO optimization." WriteMingle uses advanced natural language processing and generative AI to assist with content creation tasks.As yPredict progresses through its crypto presale and approaches its financial targets, the platform is shaping up to be a complex entity in the trading sector. With services ranging from AI-driven trading tools to a content creation beta program, yPredict is casting a wide net.As the platform advances toward its funding goals, market watchers may be interested to observe how it positions itself within the broader trading and crypto sectors. Visit yPredict HereDisclaimer: 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.Best Crypto to Buy Now October 10 – Tezos, Cosmos, XDC Network Is Coinbase regulated in UK?Setting a daily loss limit that you can afford is advisable. When you reach this stage, you should end your transaction and take the remainder of the day off. Observe your plan. In any case, tomorrow is a new trading day. Bitcoin Price Chart 1 Month. Source: BeInCrypto

Blockchain sleuth ZachXBT also appeared to throw cold water on the accusations, saying the thread was “one of the most mid-curve” things he’d read. Officials in Hong Kong have expressed apprehensions regarding unregulated cryptocurrency platforms. These platforms, characterized by a lack of transparency, reliability, and safeguards, pose significant financial risks to investors in the event of disputes, platform failures, or fraudulent activities. Digital currency definition“The thing about all this is capital,” Wyatt explains. “Last year, between Polygon and Immutable, the amount of capital deployed and games that are building on one of those two stacks was one and a half, two billion, something like that” via venture capital funding. This is the native crypto of the blockchain sports and entertainment platform Socios. CHZ allows fans to participate in the decision-making processes of their chosen sports teams.

The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%.One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange Commission delayed its decision on all spot Bitcoin exchange-traded fund (ETF) applications. However, this has not dented the expectations of analysts. In a recent note, JPMorgan analysts said that the regulator will eventually approve several Bitcoin ETFs.Daily cryptocurrency market performance. Source: Coin360The short-term price action in Bitcoin remains in flux, but that has not deterred the long-term investors who have held onto their stockpile. Glassnode data shows that the currently mined supply dormant for three years or more has hit a new high of 40.538%.Could Bitcoin break out of its range in the next few days? What are the important levels to watch out for? Let’s analyze the charts to find out.S&P 500 index price analysisThe S&P 500 index broke above the moving averages on Aug. 29, indicating that bulls have started a strong relief rally. SPX daily chart. Source: TradingViewIf buyers sustain the price above the moving averages, it will suggest that the sentiment remains positive and traders are buying on minor dips. That will enhance the prospects of a rally above the overhead resistance at 4,607. If this level is conquered, the index will try to rise to 4,650 and subsequently to 4,800.Resuming the uptrend is likely to be a difficult task, as the bears will try to yank the price below the moving averages. If they do that, the pair may slump to the strong support at 4,325. The bears will have to break this level to start a new downtrend. U.S. Dollar Index price analysisThe U.S. Dollar Index (DXY) bounced off the downtrend line on Aug. 30 and 31, indicating that the bulls have flipped the level into support.DXY daily chart. Source: TradingViewThe bulls will next try to propel the price above 104.45 and start a rally to the overhead resistance at 106. This level is likely to witness aggressive selling by the bears because a break above it will indicate that the downtrend may be over. The index could then rise to 108. The important support to watch for on the downside is the downtrend line. If this support crumbles, the index may descend to the 50-day simple moving average (SMA) (102.41) and eventually to the critical support at 100.82. Bitcoin price analysisBitcoin is trading near the support of the large range between $24,800 and $31,000. When the price trades inside a range, bulls generally purchase the drop near the support and sell close to the resistance.BTC/USDT daily chart. Source: TradingViewThe $24,800 level will witness an intense battle between the bulls and the bears. If this level gives way, the selling is likely to accelerate, and the BTC/USDT pair could nosedive to the crucial support at $20,000. There is a minor support at $24,000, but it may not hold for long. Another possibility is that the price turns up from the current level. If bulls surmount the barrier at $26,833, the pair could accelerate to the 50-day SMA ($28,221). Such a move will suggest that the pair may extend its stay inside the $24,800–$31,000 range for even longer. Ether price analysisEther (ETH) dipped below the strong support at $1,626 on Sept. 1, but the long tail on the candlestick shows solid buying at lower levels.ETH/USDT daily chart. Source: TradingViewThe bulls are trying to salvage the situation but are struggling to start a rebound. This suggests a lack of demand at higher levels. Both moving averages are sloping down, and the RSI is in negative territory, indicating that the bears remain in command.If sellers drag the price below $1,600, the ETH/USDT pair could dive to the Aug. 17 intraday low of $1,550. This is the pivot level in the near term because a fall below it may open the gates for a decline to $1,368.The first sign of strength will be a break above the 20-day exponential moving average (EMA) ($1,684). The pair could then rise to the overhead resistance at $1,750.BNB price analysisBNB (BNB) has been trading below the breakdown level of $220 for the past few days, but the bears have not been able to build upon their advantage. BNB/USDT daily chart. Source: TradingViewThe failure to sink the price below the psychological level of $200 could embolden the bulls who will try to start a recovery. The first hurdle on the upside is at $220 and then at the resistance line. Buyers will have to thrust the price above the resistance line to indicate that the downtrend may be ending.Contrarily, if the price turns down and breaks below $200, it will suggest the start of the next leg of the downtrend. The BNB/USDT pair then risks sliding to the next major support at $183. XRP price analysisThe bears yanked XRP (XRP) price below $0.50 on Sept. 1, but they could not sustain the lower levels, as seen from the long tail on the day’s candlestick. XRP/USDT daily chart. Source: TradingViewThe bears kept up the pressure and have not allowed the bulls to start a strong rebound off the $0.50 level. This increases the possibility of a downside break. If that happens, the XRP/USDT pair is in danger of plunging to $0.41.Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA ($0.53), it will signal that the bulls are attempting a comeback. The pair may then shoot up to $0.56. Buyers will have to overcome this barrier to indicate the start of a new up-move to $0.65.Cardano price analysis Cardano’s ADA (ADA) has been consolidating between $0.24 and $0.28 for the past few days, indicating indecision between the bulls and the bears.ADA/USDT daily chart. Source: TradingViewThe downsloping 20-day EMA ($0.26) and the RSI below 38 suggest a slight advantage to the bears. If the price turns down from the 20-day EMA, the likelihood of a drop to $0.24 increases. A break below this level may start the next leg of the downtrend to $0.22 and subsequently to $0.20.Contrarily, if bulls push the price above the 20-day EMA, the ADA/USDT pair could challenge the resistance at the 50-day SMA ($0.28). If this level is scaled, the pair is likely to rise to $0.32.Related: Bitcoin ETF applications: Who is filing and when the SEC may decideDogecoin price analysisBuyers tried to push Dogecoin (DOGE) above the 20-day EMA ($0.07) on Sept. 2, but the bears held their ground. DOGE/USDT daily chart. Source: TradingViewThat keeps the DOGE/USDT pair stuck between the 20-day EMA and the important support at $0.06. The downsloping 20-day EMA and the RSI in the negative zone indicate an advantage to sellers. If the price breaks below $0.06, the selling could intensify, and the pair may plummet to the next support at $0.055.If bulls want to prevent the decline, they will have to quickly drive the price above the 20-day EMA. If they succeed, the pair can jump to the 50-day SMA ($0.07) and later surge to $0.08.Solana price analysisSolana’s SOL (SOL) is in a strong corrective phase. Buyers are trying to start a relief rally, but it is likely to face selling at the downtrend line.SOL/USDT daily chart. Source: TradingViewIf the price turns down sharply from the current level or the downtrend line, it will suggest that the sentiment remains negative and traders are selling on rallies. That may pull the price to $18.32 and thereafter to $16.This negative view could be invalidated in the near term if bulls kick the price above the downtrend line. The SOL/USDT pair can then attempt a rally to $22.30, where the bears will likely mount a strong defense.Toncoin price analysisToncoin’s (TON) rally has stalled near the overhead resistance at $2.07, but a minor positive is that the bulls have not ceded much ground to the bears. This suggests that the bulls are holding on to their positions. TON/USDT daily chart. Source: TradingViewThe overbought levels on the RSI suggest a possible correction or consolidation in the near term. The important support to watch on the downside is the 20-day EMA ($1.61) because a break below it could drag the price to $1.53 and later to the 50-day SMA ($1.40).On the upside, the bulls will have to clear the hurdle at $2.07. If they manage to do that, the TON/USDT pair could indicate the resumption of the uptrend. The pair may then attempt a rally to the $2.40–$2.60 overhead zone. 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. The reason why crypto mining is not profitable for most people is that the space is simply too competitive, and large players benefit from economies of scale that most individuals simply don’t have enough capital to achieve. What are the five derivatives?Blockchain never sleeps, and this is why the banking and financial services sector is considered one of the industries that will benefit from integrating blockchain into its operations. While banks follow normal business hours, blockchain fast-tracks transactions through quick verification any time of the day. Read more: BIS report claims crypto is centralized and DeFi amplifies risksNigeria’s Central Bank confident about local CBDC eNaira

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