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2024-05-02

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Ethereum, the second-largest cryptocurrency by market capitalization, has been experiencing a challenging phase. The once-thriving DeFi and NFT sectors, which significantly contributed to Ethereum's meteoric rise, are currently subdued. The buzz and activity around these sectors have dwindled, leading to a noticeable decline in Ethereum's trading volume. “FTX was not fine. Assets were not fine, because FTX did not have enough assets for customer withdrawals.” Bitcoin Wallet - Apps on Google PlayBitcoin's monetary policy is uniquely designed with the user in mind. It enforces a hard cap of 21 million coins and utilizes a merit-based minting process — bitcoin mining. This approach is revolutionary because it introduces a fixed supply, a feature that government-driven monetary policies have historically failed to offer. Central banks are unlikely to adopt such a user-centric model, as the power to control the money supply is both politically and economically invaluable. Consequently, bitcoin not only serves as an attractive alternative, akin to gold in the past, but also represents a scientific advancement over previous monetary frameworks. NFT collectors were essentially “forced to be on-chain,” Warwick says, and “they just didn’t have the knowledge.”

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Bearish Traders Have Siezed Control in the Spot Markets Santiment tweeted that the XRP ledger has seen less activity compared to 2021 and 2022. Virtual-Currency Businesses Act, Regulation ofBut if that resistance level caves, Shiba Inu’s price could rally toward the $0.00001 range. All the details below.

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? CryptoPotato reported that these developments are signs that market players are gearing up to execute buy orders at current or lower price levels. As the stablecoin available for trading on exchanges rises, so does investor confidence and the urge to capitalize on opportunities presented by current market conditions. Overall, the development shows growing interest from investors intent on entering or reentering the crypto market. PDAX wants you to choose them for crypto tradingTrader Joe, launched in 2021 by an anonymous team, operates as a non-custodial exchange protocol on the Avalanche blockchain (initially a SushiSwap fork), according to Token Terminal. The RSI indicator has also fallen below the 50% threshold, indicating that the momentum currently favors the sellers. The 1800 SAT support level is the only barrier preventing another crash toward the 1600 SAT zone. Investors should hope that this level holds for XRP to rebound higher.Dogecoin (DOGE) Hits Truce as Recovery Signals Surface

“We estimated then that this $4.1 figure would rise to $6.5 billion by the end of 2023 and $10.5 billion by 2025. Our latest calculation of $7 billion, however, shows that cross-chain crime is rising at a faster rate than predicted.” Appearing on a Sept. 28 episode of the Lex Fridman podcast, Zuckerberg and the popular computer scientist engaged in a one-hour face-to-face conversation. Only, it wasn’t actually in person at all. The 5 Best Crypto Blogs In IndiaSecondly, traders can invest multiple assets as collateral to borrow leverage. This happens when an investor stores both fiat and cryptocurrencies as margin collateral. This method enables traders to use their assets with more flexibility and decreases the risk of selling coins in a volatile market. Lax security practices and the opaque nature of how business was conducted at crypto exchange FTX could have resulted in billions of dollars in losses when the platform was hacked last year, a new report by Wired claims.

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