What Are Crypto Order Books, and How Do They Work? - cyptoranking.com

2024-04-28

Popular crypto exchanges(2023 Update) 2024-04-28
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Last week, real-world asset project Backed issued a tokenized security product on Base which tracks a short-term iShares U.S. treasury bond ETF.9 factors to consider when choosing a blockchain consensus mechanism Ethereum ranked first with a TVL of $55 billion, which resembles 67.3% of the TVL in the DeFi landscape. Ethereum is dominating with a wide gap, as the second chain has $6.9 billion. What Are Crypto Order Books, and How Do They Work?Earlier this month, a handful of companies in the industry banded together to form the Tokenized Asset Coalition (TAC), including Aave, Circle and Coinbase. Beyond creating educational content and building the necessary infrastructure to bring different types of assets on-chain, the coalition is also looking at developing relevant, compliant principles to drive the adoption of blockchain technology. Source: TradingViewThe price of Dogecoin (DOGE) has jumped by 2.5% in the past 24 hours, rising to $0.063922 as the cryptocurrency market as a whole gains by 3.5% today.This move has enabled DOGE to reenter the top 10 of cryptocurrencies by market cap, with the meme token also up by 5% in a week, while remaning up by only 0.5% in the last 30 days.Given just how oversold DOGE had been in recent weeks, today's rise may be the start of a sustained new rally, with a recovery in market sentiment (as we enter the last three months of the year) helping to push the meme coin up higher in the next few weeks.Dogecoin Price Prediction as DOGE Becomes Top 10 Crypto in the World – Is $1 DOGE Possible in 2023?As with most other major tokens, DOGE is showing plenty of momentum right now, with its indicator becoming more bullish after weeks of overselling.Source: TradingViewIn particular, DOGE's relative strength index (purple) has climbed from under 40 a few days ago to 60 today, and it's looking very likely that it will continue climbing in the coming days, as the coin's price rises higher.At the same time, DOGE's 30-day moving average (yellow) has flattened out and now looks like it will begin climbing again, with the indicator still having plenty of space left to rise towards the 200-day average (blue) until the coin becomes overbought.Capping off the positive picture is the fact that DOGE's support level (green) has shot up in the past couple of days, suggesting that it had truly hit a bottom after weeks of decline.There's fundamental reason as to why DOGE has rallied today, with the main cause simply being the fact that the entire market has rallied after a couple of bad months.Bitcoin has led the charge, while a number of other altcoins have risen by higher percentages than DOGE, which has had relatively modest gain by comparison with others.Still, DOGE had been due to rebound, and it's likely that today's positive reversal could be the beginning of a more sustained recovery, helped on by a gradual improvement in economic data.As for whether DOGE can outperform other major tokens, this question will depend on if and when X (formerly Twitter) will ever introduce cryptocurrency – and particularly DOGE – payments.There's no real indication that this will happen anytime soon, but with X forging ahead with its obtaining of money transmitter licences, it's clear that the social media company wants to move into digital finance.And if DOGE is added in one way or another to X, then it would undoubtedly skyrocket, potentially hitting $0.10 in a matter of days, before moving back up towards $0.3 or higher.New Altcoins With Higher PotentialBecause DOGE is almost entirely reliant on Elon Musk and/or X for its gains, many traders may prefer to expand their portfolios into other altcoins and meme tokens, with a number of presale coins looking especially promising at the moment.One of the most interesting new tokens in the market right now is Meme Kombat (MK), an Ethereum-based gaming platform where users will place bets on AI-generated fights between well-known meme characters.Opened only a couple of weeks ago, Meme Kombat's presale has already raised over $200,000, providing some indication of the enthusiastic response to the new project from the wider cryptocurrency community.What sets Meme Kombat apart from the crowd of new altcoins is its unique mix of battle gaming and gambling, with users rewarded in the form of MK tokens whenver they correctly bet on a certain outcome in the platform's AI-powered meme battles.As a token, MK will have a very limited supply of only 12 million, making it a very deflationary cryptocurrency in the long run.Aside from using it to bet on battles, users will also be able to stake the token, earning them a passive income.50% of the token's overall supply has been reserved for the presale, while another 30% is going towards staking and battle rewards.Meme Kombat has also held 10% of its supply for community rewards, thereby providing its followers with an incentive for engaging with the platform and championing it to other investors.New buyers can join the sale by visiting the official Meme Kombat website, where 1 MK token costs $1.667.It will sell at this price for the entirety of the sale, although it could easily rise much higher once the exciting new token lists on exchanges.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.

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The Dutch regulatory landscape, characterized by strong yet transparent regulations, has attracted global players while simultaneously maintaining the integrity of the financial system. Crypto.com’s recent approval in the Netherlands is a testament to the country’s status as a strong and welcoming market for cryptocurrency enthusiasts and businesses. The Twitter influencer shared that during a government shutdown, investors might view BTC as a “safe haven asset” against inflation. Moreover, amidst the temporary inactivity of government agencies, crypto can potentially experience fewer regulatory restrictions. Bitcoin Stack ExchangeDecentralized “It potentially makes sense for some of these projects, but in general, my concerns with these ideas — the mergers — is how do we, as a community, guarantee that the teams working on these projects do become extensions of the Hub,” he said.

River’s 6.6 million figure for Lightning-routed transactions is a lower-bound estimate — the smallest possible value it could assess. The firm also sourced August 2021’s 503,000 figure from a 2021 study by K33, formerly Arcane Research, and added it could not assess private Lightning transactions or those between only two participants.Estimated growth of monthly routed Bitcoin Lightning transactions. Source: River$78.2 million in transaction volume was also processed on Lightning in August 2023, marking a 546% increase from August 2021’s $12.1 million figure sourced by K33. Wouters noted that Lightning is now processing at least 47% of Bitcoin’s on-chain transactions.“This will be an interesting metric to monitor,” he added. “It is an indicator of Bitcoin becoming more of a medium of exchange.”Estimated growth of monthly routed Bitcoin Lightning transaction volume. Source: RiverIn August 2023, the average Lightning transaction size was around 44,700 satoshis or $11.84. River estimated between 279,000 and 1.1 million Lightning users were active in September.The firm attributed 27% of transaction growth to the gaming, social media tipping and streaming sectors.Related: Coinbase to integrate Bitcoin Lightning Network: CEO Brian Armstrong River said the Lightning payments success rate was 99.7% on its platform in August 2023 across 308,000 transactions. The main reason for failure occurs when no payment route can be found that has enough liquidity to facilitate the transfer.River’s data set consisted of 2.5 million transactions. The nodes in River’s data set represent 29% of all the capacity on the network and 10% of payment channels. Magazine: 6 Questions for Kei Oda: From Goldman Sachs to cryptocurrency Read More: Ripple (XRP) Price PredictionPaul Tudor Jones concerned U.S. is in 'untenable fiscal position' as it faces greatest challenges since WWII How to Read an Order Book & Why Does It Matter?Cutbacks at Yuga Labs Its US operational hash rate reached 15.8 EH/s in September, a 20% month-over-month increase, according to CEO Fred Thiel.

Shin wondered if the jury would be able to follow all the details of the technicalities; she shared that in the courtroom, there was “a long explication period,” where financial terms were explained to the jury, some of whom don’t have financial backgrounds. Shin said that they explained what a line of credit was, how it got coded, and the liquidation rules on the exchange. 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. How to Invest in Cryptocurrency: Best ways for beginners ...In scams, the person would often remind potential victims about huge winnings, and what they could do with the huge sum. If a victim is hesitant about investing huge amounts of money, the scammer will convince them that more can be raked if the initial investment is already hefty. This popular scam technique takes advantage of one’s innate greed and desensitizes the victim to invest amounts they are initially uncomfortable with losing. At this point, Dogecoin had become a pillar of the cryptocurrency community. What began as a joke evolved into a solid cryptocurrency that millions of people now support and rely on.

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