BitMEX, Binance Top Exchange Open Interest in New BTC Futures Rankings - cyptoranking.com

2024-05-06

Popular crypto exchanges(2023 Update) 2024-05-06
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Source: TradingViewThe Litecoin price remains up by 2.5% in the past week, although a fall this morning to $65.81 means that it has lost 2.5% in the last 24 hours.This current price also represents a 2.5% gain the last 30 days, with LTC having risen by 25% in the past 12 months.2023 has been something of a mixed year for Litecoin, however, with the cryptocurrency's halving failing to have much of a positive effect on its price.But with the token remaining oversold and undervalued, it could easily see gains in the next few weeks, particularly if the wider market continues to recover momentum.Litecoin Price Prediction as LTC Spikes Up 2.9% – Here are Key Levels to WatchLitecoin is currently at a pivotal position, in that it could go either way as far as its technical indicators are concerned.Source: TradingViewIts relative strength index (purple) is hovering around 50, having failed to clear 60, implying that it may lack the momentum to move any higher and could fall back down to 40 or 30 soon enough.At the same time, LTC's 30-day moving average (yellow) has straightened out and may begin rising towards its 200-day average (blue), something which would imply a rising price for the altcoin.Yet the market's dip in the past 24 hours has disrupted this kind of movement, with the 30-day also capable of falling further.As such, the ability of LTC's support level (green) to resist a drop below $65.50 will be vitally important in the next few hours.If LTC can resist such a drop, it may begin rising again, yet a fall could precipitate a steeper selloff.Whale activity can often provide a hint as to where a given cryptocurrency may end up next, yet it doesn't seem that larger traders have been doing much with LTC since the middle of September, when a couple of big LTC transfers were made to Binance.In other words, a lack of whale interest could mean that LTC slips further, unless we see another market-wide rally in the near future.In terms of fundamentals, not much has happened to Litecoin since its halving in early August, which resulted more in a steep selloff than a steep rally, much to the disappointment of LTC holders.And since then, Litecoin hasn't enjoyed anything in the way of adoption or development news, which perhaps partly accounts for why its price has struggled.Still, recent overselling could result in a big rebound in the next few weeks, with LTC potentially able to return to $70 in the next couple of weeks and to $80 or $90 by the end of the year.Diversification With High-Potential AltcoinsWhile LTC could take months to make a full recovery, traders may opt to diversify into newer altcoins in the meantime, with several presale tokens offering market-beating gains this year.One very promising new altcoin and presale token is TG.Casino (TGC), a casino platform that has garnered over $350,000 since opening its sale a couple of weeks ago.What makes TG.Casino interesting is that it will combine its online casino and gaming platform with a strong presence on Telegram, through which it will assemble and communicate with a growing community.This is a potentially fruitful strategy, in that adding a distinct social element to its gaming platform will help the latter to boast a stronger following than many of its rivals.Of course, it won't only be about social networks, with TG.Casino featuring a wide variety of online games and gambling experiences, with users able to win prizes and rewards in the form of its native TGC token.Promisingly, TG.Casino has actually already launched its platform, distinguishing it from many other presale coins that can go months or years without bringing an actual product or use case to the market.TGC will have a hard-capped supply of 100 million tokens, with 40% of this supply going to the presale, 20% going to staking rewards, 20% going to DEX liquidity, and 10% to gaming rewards (another 10% will go to marketing and affiliates).While the sale has already strong progress, new investors can join in by going to the official TG.Casino website, with 1 TGC costing $0.125 for the entirety of the sale.Given its strong fundamentals and use case, this price is likely to rise concertedly once the token lists on exchanges, which it's set to do towards the end of the year.Visit TG.Casino 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.Bitcoin SV Price Prediction as BSV Outperforms Bitcoin – Are Whales Now Moving to BSV? LasMeta Token Empowers Seamless Exchanges and In-Game Transactions BitMEX, Binance Top Exchange Open Interest in New BTC Futures RankingsMeanwhile, ParallelChain Lab CEO Ian Huang said that the catalyst in Terra’s collapse was its “flawed tokenomic model and lack of diverse utilities supporting the ecosystem.” Ultimately, Huang’s points resulted in a loss of confidence and aggressive panic selling. Speaking to Cryptonews, Lavecky explains why an Australian CBDC is “some years away,” as confirmed by the Reserve Bank of Australia (RBA) in August. He also stresses on addressing challenges including legal, regulatory and operational, before considering a CBDC launch.

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The high-profile Sam Bankman-Fried trial continues this week, and there will likely be more juicy revelations from witnesses. Despite the bear market that has decimated the price of DOT, the ecosystem continues to build and expand. AI predicts Ethereum price for the end of 2023Source: AdobeInvesco and Galaxy Digital aim to introduce a spot Ethereum (ETH) exchange-traded fund (ETF) as more and more asset managers continue to explore digital asset products.In a Friday post on X (formerly Twitter), Bloomberg ETF analyst James Seyffart revealed that the two asset managers have filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. Per the firm’s S-1 registration statement, the Invesco Galaxy Ethereum ETF will “reflect the performance of the spot price of ether” by holding units of the cryptocurrency with a separate custodian, who is yet to be identified. The filing detailed that Invesco is the sponsor, while Galaxy Digital is the “execution agent,” which will sell ETH to pay the Trust’s expenses.Invesco and Galaxy join a growing list of investment managers seeking regulatory approval for a spot ETH ETF.The SEC recently extended the deadline for decisions on previous applications from ARK 21Shares and VanEck until December 25-26.The commission said that it required more time to consider the proposed rule change and the related issues.Future Ether ETFs Could Come Next WeekWhile a spot Ether ETF may take some time to materialize, futures-based Ether ETFs are expected to become available as early as next week. Investment firms have already begun preparing to add ETH futures vehicles to their portfolios. VanEck, for example, has announced its upcoming Ethereum Strategy ETF (tickered EFUT), which will be listed on the Chicago Board Options Exchange in the coming days.Valkyrie, another company in the space, plans to offer exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. Bitwise also submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on September 28, with expectations of going live next week. Additionally, Kelly ETFs has partnered with Hashdex to deliver futures Ether ETFs in the near future.Like spot bitcoin ETF, the SEC has yet to approve applications, citing concern over market manipulation and investors' vulnerability.However, it appears that future ETH ETFs have a higher likelihood of receiving approval from the SEC.Futures ETFs would directly invest in futures contracts traded on the Chicago Mercantile Exchange (CME) rather than in the underlying smart contract asset. The regulatory body views futures ETFs as a commodity that can be monitored by the CME, giving investors protection against price manipulation. In fact, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate.At the time of writing, Ether is trading positively at around $1,600, driven by the enthusiasm surrounding the introduction of futures ETFs. VanEck Prepares to Launch Ethereum Strategy ETF in CBOE The first RToken on Ethereum, Electronic Dollar (eUSD), was introduced in February by the global payments app Moby for private transactions.

If you are reading this, you probably know Binance Chain and its BNB token. The Binance Smart Chain (BSC) is now known as the BNB Chain. As Binance expanded, so did the BSC. 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. How to Buy Ethereum 2023-Best Places to Buy ETHAR/VR Designer According to a report in the Herald, ZIG tokens are issued in units of one milligram of gold worth just over 6.1 cents. The report added that both individuals and institutions will be able to purchase the tokens using local and foreign currency.

The early response has been tepid, with the big two - VanECK's EFUT and ProShares EETH - registering an average daily trading volume of $5 million in the first week, according to Paris-based crypto data provider Kaiko. The major academic journal Nature Biotechnology has published an editorial this week arguing for some of the potential benefits decentralized autonomous organizations (DAOs) could offer to science. Crypto exchange startup Quidax trims workforce by 20%Direct/Indirect and Hybrid Models The country, known sometimes as the “Start-up Nation,” has an economy where tech jobs compromise about 14% of the workforce.

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