Bitcoin Price Analysis: Will BTC fall further or rise to ... - cyptoranking.com

2024-04-28

Popular crypto exchanges(2023 Update) 2024-04-28
Image: cyptoranking.com

Binance Coin (BNB) Prosecutors, acknowledging the slower-than-expected progress of the case, adjusted their witness lineup. Bitcoin Price Analysis: Will BTC fall further or rise to ...Unilend (UFT), a protocol that brings all decentralized finance (DeFi) trading to offer in one place, making them accessible through smart contracts, has seen a rise in activity as well. Coming up as the 6th altcoin on the list, Unilend’s growth spans “High Transaction Volume, Active Addresses, Network Growth, Whale Transactions, $100K-$1M Whale Accumulation, Exchange Inflow.” Both AWS and Microsoft have responded to these concerns, emphasizing their commitment to customer choice, innovation, and competitive markets. However, the investigation will provide clarity on the extent of their dominance and its impact on the broader cloud computing ecosystem.

Exchange Rankings Crypto
Image: cyptoranking.com

More Pain Before Gain Payments for Products and Services How to Transfer USDT from PrimeXBT to OKX? A Step-by-Step GuideSam Bankman-Fried’s criminal trial continues in Manhattan Tuesday morning after his defense team submitted an eleventh-hour plea to bring new evidence before the court. Shiba Inu (SHIB) Exchange Reserves vs. Price. Source: CryptoQuant

"If they also have interest in this, I am sure we can find a way to make it happen. A lot of work needs to be done for us to get to that point - but we’re in it to win it," they said. China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible token (NFT) platform.According to a recent announcement, China Daily is awarding 2.813 million Chinese yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be “either a Chinese or foreign” firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second.Contractors will have until Oct. 17 to submit their application and design the platform within three months’ time. The aim of the China Daily NFT Platform is to “improve the spread of the influence of the Chinese Civilization” through means such as the use of the “metaverse, virtual reality (VR), augmented reality (AR), mixed reality (AR), and Blockchain, irreplaceable digital assets (NFT), big data, cloud computing and other technologies.”Developers stated that the platform must allow “uploading, displaying, and managing digital collections and supports multimedia forms and multiple collection types.” Pricing, bidding and limited-time functions must also be integrated into the NFT platform alongside multi-currency settlement.“In addition to its own platform, based on the project goals and audience groups, domestic and overseas mainstream NFT platforms suitable for issuing digital collections will be selected to issue NFT digital collections. Foreign platforms include but are not limited to OpenSea, Rarible, SuperRare, Foundation, etc.”China has banned all forms of cryptocurrency transactions since 2021. Though some blockchain entities still operate in the country, they often face intense scrutiny from law enforcement officials.Magazine: China dev fined 3 yrs’ salary for VPN use, 10M e-CNY airdrop How to Rate Cryptocurrency ExchangesSource / Sam CoolingThe Open Network's native Toncoin (TON) has bounced-up +5% after localised retracement from upper trendline resistance, but is it too late to buy Toncoin?Retracement has swept the Toncoin chart following rejection from upper trendline resistance - this comes following a dramatic upside pump triggered by the news that Telegram integrated TON wallet.TON holders are speculating a break-out move here could unlock skyrocketing price action, with eagle-eyed traders highlighting the huge amount of liquidity at higher price levels.TON Price Analysis: Is it too Late to Buy Toncoin?Despite the recent downside, Toncoin is currently trading high in the channel at a market price of $2.14 (Representing a 24-hour change of +4.21%).Loss of support from the 20DMA on September 30 has seen TON fall to the $2.00 price level, and a well-defended consolidation here has primed price action for the ongoing bounce.TradingView / TON USDTTON is still technically strong here, with reliable lower support to be found from the 200DMA at $1.75.The 20DMA (sat at $2.24) will form the first key area of resistance for the current upside move.Toncoin's RSI is showing minor bearish divergence, with an oversold signal at 53.83.While the MACD indicator reinforces this view with a -0.0383 reading suggesting stalling momentum.Overall, TON is fragile here - with the upside move targeting a reclamation of the 20DMA, against bearish indicators - possibly hinting at a further retracement.TradingView / TON USDTThis leaves TON with an upside target at $2.25 (a potential +5.34%).While downside risk could see TON fall to $1.78 (a possible -16.6%).This leaves Toncoin with a risk: reward ratio of 0.32 - a bad entry, overwhelmed buy downside risk.Meet TG Casino: Fastest Growing GambleFi Crypto Presale Hits $475kSource / TG CasinoAs Telegram trading bots and GambleFi dominate September's narratives, the TG.Casino ($TGC) presale is gaining significant attention - racing to $421k raised in just days, here’s why it should be on your radar.TG.Casino isn't just another quick Telegram bot pump-and-dump it's an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.From a security standpoint, users can rest easy - all data and funds are encrypted, ensuring robust protection against potential threats.While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.The TG Casino Presale: Hype and BeyondSource / TG CasinoThe presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.The $TGC token's utility is another aspect to spotlight - beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.How to Buy TG Casino Early?Step 1 – Go over to their official websiteThe first thing you want to get correctly is going over to their official website.Step 2 – Create a Crypto WalletYou need to set up a crypto wallet, and it's important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.Step 3 – Purchase ETH or USDTNext is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.Step 4 – Connect Wallet to Presale DashboardGo to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.Step 5 – Buy TG.Casino TokenInvestors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.Step 6 – Claim TG.Casino TokenOnce TG.Casino's presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the 'Claim' button on TG.Casino's homepage. That's all for how to buy TG.Casino.TG Casino's Unrivalled Tokenomics Could Trigger Biggest GambleFi MoonshotSource / TG CasinoTo wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it's a front-row ticket to the future of Telegram GambleFi.With tokenomics supply - fairly distributed across the presale, liquidity pools, staking rewards, and player rewards - and the additional bolster of TG Casino's jaw-dropping 3,446% APY - this project is positioned to become a huge name in the GambleFi vertical.Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!Dive into the TG.Casino Presale Now.Buy $TGC 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.Is GALA Going to Zero? GALA Price Suddenly Drops 8% With $500 Million Volume as New Meme Coin Raises $300,000 Paul Tudor Jones, a veteran hedge fund manager, voiced his endorsement for Bitcoin in a recent interview. He reflected on the tumultuous geopolitical canvas of today. Additionally, Jones pointed out the delicate fiscal health of the US, deemed its weakest since the World War II epoch.

China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible token (NFT) platform.According to a recent announcement, China Daily is awarding 2.813 million Chinese yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be “either a Chinese or foreign” firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second.Contractors will have until Oct. 17 to submit their application and design the platform within three months’ time. The aim of the China Daily NFT Platform is to “improve the spread of the influence of the Chinese Civilization” through means such as the use of the “metaverse, virtual reality (VR), augmented reality (AR), mixed reality (AR), and Blockchain, irreplaceable digital assets (NFT), big data, cloud computing and other technologies.”Developers stated that the platform must allow “uploading, displaying, and managing digital collections and supports multimedia forms and multiple collection types.” Pricing, bidding and limited-time functions must also be integrated into the NFT platform alongside multi-currency settlement.“In addition to its own platform, based on the project goals and audience groups, domestic and overseas mainstream NFT platforms suitable for issuing digital collections will be selected to issue NFT digital collections. Foreign platforms include but are not limited to OpenSea, Rarible, SuperRare, Foundation, etc.”China has banned all forms of cryptocurrency transactions since 2021. Though some blockchain entities still operate in the country, they often face intense scrutiny from law enforcement officials.Magazine: China dev fined 3 yrs’ salary for VPN use, 10M e-CNY airdrop Moto Island is an open world environment filled with cities, countryside, snow-capped peaks, ocean roads, forests, and, of course, race tracks that allow up to thirty racers to line up and try out some of the best physics engines on Roblox. Crypto crash: FTX exchange owes its 50 biggest creditors $3.1bn; Bitcoin trades below $16KPolygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated and was followed by a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure of a key co-founder and weak activity in Polygon’s zero-knowledge rollup (ZK-rollup) subnet.Polygon (MATIC) 12-hour price in USD. Source: TradingViewMATIC’s price has wiped out previous gains from the early October rally, erasing the bullish momentum driven by the expectations of the protocol’s upgrades. Rallies tend to follow mainnet and protocol updatesPolygon 2.0 is a network of ZK-based layer-2 chains unified via a novel cross-chain coordination protocol. Polygon’s 2.0 scaling technology was unveiled in June 2023 as a plan for a scaling ecosystem consisting of four layers: staking, execution, interoperability and proving. Each of these layers contributes to creating an interconnected ecosystem of chains that facilitate secure, fast and highly cost-effective transfers.Among the benefits of Polygon 2.0 are enhanced security and privacy through ZK-proofs, full compatibility with the Ethereum Virtual Machine (EVM) and instant cross-chain interactions without requiring additional security or trust assumptions. It’s worth noting that the project is continuing to develop its Zero-Knowledge Scalable Transparent Argument of Knowledge-based layer-2 solution, Miden.One could argue that the recent 10.6% retracement merely reflects an adjustment to the overexcitement triggered by the testnet launch. However, other factors may have contributed to investors’ worsening sentiment toward Polygon. For instance, Polygon’s ZK subnet, zkEVM, has lagged behind competitors in activity and deposits.Network data shows Polygon losing steam as new competition emergesZK networks daily active and transactions. Source: artemis.xyzMetrics from Artemis, an on-chain data provider, reveal a significant disparity between Polygon zkEVM’s 6,210 active addresses compared to StarkNet’s 154,390 and zkSync ERA’s 239,810. A similar discrepancy exists when analyzing the number of daily transactions, with Polygon’s ZK-rollup also trailing competitors.Taking a broader perspective on the total number of transactions and deposits in the Polygon network yields suboptimal results. For example, Polygon’s total value locked (TVL) stands at $756 million, according to DefiLlama, which is less than half of Arbitrum’s layer-2 scaling solution.Total value locked (TVL) in USD. Source: DefiLlamaIt’s noteworthy that despite being launched much earlier than most Ethereum layer-2 solutions in June 2020, Polygon is now facing direct competition from Optimism and Base.The departure of Polygon’s co-founder, Jaynti Kanani, on Oct. 4 after six years with the project also triggered some degree of discomfort among investors, given the project’s proximity to the crucial completion of its improved multiple-layer scalability solution. Interestingly, this decision follows the departure of Polygon Lab’s CEO, Ryan Wyatt, in July 2023, not long after joining the company in February 2022.Further impacting MATIC’s performance was a decline in the number of active addresses using the Polygon network’s decentralized applications (DApps).Polygon network DApps active addresses, 30-day change. Source: DappRadarOn average, the top 12 DApps on the Polygon network experienced a 17% decline in the number of active addresses over the last 30 days. This issue was particularly concerning in the NFT and decentralized finance markets, notably affecting applications like Uniswap, OpenSea and Move Stake.Related: Circle rolls out native USDC tokens on PolygonRegardless of the reasons behind MATIC’s token surge earlier in October, the recent 10.6% negative performance can be attributed to reduced network activity, the departure of a co-founder during a critical upgrade phase and stiff competition from other ZK scaling solutions. Ultimately, there is enough bearish news flow to justify this correction, although the team has been consistently delivering the necessary updates and improvements to the Polygon network. Investors should closely monitor the project’s progress in addressing these challenges and capitalizing on the innovations of Polygon 2.0.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Tornado Cash is an automated service that lets users obscure the flow of cryptocurrency to and from wallets by mixing funds from various users into a pool. That breaks the public, on-chain flow of cryptocurrency between wallets, making it more difficult to trace how ETH is being sent around.

Have an opinion on this story? Share it!