Top 5 Most Stable Cryptocurrencies For Investment In 2023 - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
Image: cyptoranking.com

The resilience of Solana can be attributed to its robust ecosystem and the growing interest in its platform. As decentralized applications (dApps) and DeFi projects continue to find a home on Solana, the demand for SOL, its native token, remains high. This demand acts as a buffer, preventing drastic price drops and ensuring stability even in turbulent market conditions. OKX Wallet, known for its versatility and security, offers users access to over 3,000 cryptocurrencies across 60+ networks, a wide array of decentralized applications (DApps), and a comprehensive decentralized NFT marketplace. With support for more than 70 blockchains, OKX Wallet enables users to maintain full custody of their digital assets. Top 5 Most Stable Cryptocurrencies For Investment In 2023Criminals use this method to conceal funds acquired through various means, including scams and crypto thefts. In a recent development, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, issued a stern warning to users about the rise in scam attempts targeting the Binance community. The warning comes after a customer shared a troubling experience, revealing that scammers attempted to exploit their personal information under the guise of being from Binance’s compliance team.

Exchange Rankings Crypto
Image: cyptoranking.com

To calculate the unrealized PnL for long positions, the formula is as follows: But Zuckerberg believes AI-driven authenticity and realism will win over skeptics in due time. Meta's grand vision of living, working, and playing in a hybrid digital/physical world hinges on AI’s continued evolution. For now, it seems Meta is laser-focused on building the technological foundations and bringing this sci-fi vision to life one nimble step at a time.Meta Quest 3 New Features: Integrates With AI Chatbots And Meta AI Cryptocurrency exchangeIn an unexpected turn of events, both Jackson Palmer and Billy Markus left the Dogecoin project in 2015. While Markus remained in the cryptocurrency community after departing from Dogecoin, Jackson Palmer left the cryptocurrency community entirely with a largely negative outlook. “Previously, foreigners coming to China could only ‘pay-as-they-go’ when using digital yuan wallets. But new functions let them ‘top up first, and use later.’ This will make the payment process shorter and make for simpler and more friction-free transactions.”

As more layer-2 solutions emerge, Ethereum is losing its dominance as the main network for on-chain activities. Marathon says it has now produced 8,610 BTC year-to-date in 2023. The firm's balance sheet shows 13,726 unrestricted BTC and $101 million in unrestricted cash and cash equivalents on its balance sheet — totaling $471.2 million. Is Coinbase a digital wallet?Bitcoin (BTC) is attempting to trade above $27,000 in a positive sign. In the past few days, Bitcoin’s price held above $26,000 in adverse conditions as the U.S. Dollar Index rose sharply and the S&P 500 index was plunging. This suggests that selling dries up at lower levels.The decision by the United States Securities and Exchange Commission to delay the applications for multiple spot Bitcoin exchange-traded funds (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view of Bitcoin. Bloomberg ETF analyst James Seyffart believes that the regulator took an early decision because of the risk of a U.S. government shutdown on Oct. 1.Daily cryptocurrency market performance. Source: Coin360Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery in most major altcoins, which are trying to climb above their respective resistance levels.Could Bitcoin extend its up-move in the near term and will that start a revival in the crypto space? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisAfter struggling for several days, the bulls finally propelled Bitcoin above the moving averages on Sept. 28. The bulls are currently trying to thwart attempts by the bears to yank the price back below the 20-day exponential moving average ($26,534).BTC/USDT daily chart. Source: TradingViewThe moving averages are on the verge of a bullish crossover, and the relative strength index (RSI) is in the positive territory, indicating that the path of least resistance is to the upside. There is a minor resistance at $27,500, but it is likely to be crossed. The BTC/USDT pair could then rally to the overhead resistance at $28,143. This level is again likely to witness a tough battle between the bulls and the bears.On the downside, the $26,000 level is important to watch out for. If this level gives way, the advantage will tilt in favor of the bears. The pair may then nosedive to the formidable support at $24,800.Ether price analysisEther (ETH) climbed and closed above the 20-day EMA ($1,622) on Sept. 28, indicating that the selling pressure is reducing. The buyers continued their purchase and cleared the hurdle at the 50-day simple moving average ($1,660) on Sept. 29.ETH/USDT daily chart. Source: TradingViewThe bulls will try to drive the price to the overhead resistance of $1,746. This is an important level to keep an eye on because if buyers overcome this barrier, the ETH/USDT pair will complete a double bottom pattern. This reversal setup has a target objective of $1,961.On the contrary, if the price turns down from $1,746, it will indicate that the bears remain sellers on rallies. The price could then dip to the 20-day EMA. If the price rebounds off this support, it will enhance the prospects of a rally above $1,746. The bears will be back in the game if they drag the price back below the 20-day EMA.BNB price analysisBNB (BNB) has been trading inside the $220 to $203 range for the past few days. The bulls are trying to nudge the price to the overhead resistance at $220.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flat but the RSI has risen into positive territory, indicating that the momentum is turning in favor of the bulls. If the $220 resistance is surmounted, the BNB/USDT pair could surge to $235.Contrary to this assumption, if the price turns down sharply from $220, it will indicate that the range-bound action may continue for a while longer. The next leg of the downtrend will begin after bears tug the price below $203.XRP price analysisBuyers pushed XRP (XRP) above the 20-day EMA ($0.50) on Sept. 28 and followed that up with a move above the resistance line of the symmetrical triangle pattern on Sept. 29.XRP/USDT daily chart. Source: TradingViewIf the price sustains above the triangle, it will signal that the uncertainty has resolved in favor of the buyers. The XRP/USDT pair could then rally to the overhead resistance at $0.56. This is an important resistance to watch out for because a break above it will clear the path for a potential rally to the pattern target of $0.64.Contrarily, if the price turns down and reenters the triangle, it will indicate that markets have rejected the higher levels. The bears will then try to gain the edge by pulling the price below the uptrend line of the triangle.Cardano price analysisThe bulls are trying to sustain Cardano (ADA) above the 20-day EMA ($0.25) on Sept. 29, which shows that the bears are losing their grip.ADA/USDT daily chart. Source: TradingViewA break and close above the downtrend line will invalidate the bearish descending triangle pattern. Generally, the failure of a bearish pattern results in a sharp up-move as the sellers rush to exit their shorts and the bulls waiting on the sidelines start buying. That could propel the ADA/USDT pair to $0.29 and subsequently to $0.32.Time is running out for the bears. If they want to regain control, they will have to defend the downtrend line and pull the price below $0.24. The next support on the downside is at $0.22.Dogecoin price analysisDogecoin’s (DOGE) range has shrunk in the past few days, increasing the prospect of a range expansion within the next few days.DOGE/USDT daily chart. Source: TradingViewThe 20-day EMA ($0.06) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If buyers kick the price above the 20-day EMA with force, it will signal the start of a recovery. The DOGE/USDT pair could first rise to $0.07 and thereafter to $0.08.If bears want to prevent the upside, they must quickly drag the price below $0.06. If they do that, the pair may plunge to the next critical support at $0.055.Solana price analysisSolana (SOL) remains stuck inside the large range between $27.12 and $14 for the past several days. Trading inside a range can be random and volatile as bulls typically buy at the support and sell near the resistance.SOL/USDT daily chart. Source: TradingViewThe bulls are trying to start a relief rally, which has reached the 50-day SMA ($20.44). This is an important level to watch out for because a break above it will suggest that the bulls are back in the game. The SOL/USDT pair could then rise to $22.30.Instead, if the price turns down from the 50-day SMA, it will indicate that the bears are active at higher levels. Sellers will have to tug the price below $18.50 to open the doors for a retest of $17.33.Related: Why is Ether (ETH) price up today?Toncoin price analysisToncoin (TON) rebounded off the 20-day EMA ($2.13) on Sept. 27, indicating that the sentiment remains positive and traders are buying on dips. TON/USDT daily chart. Source: TradingViewThe long wick on the Sept. 27 and 28 candlestick shows that the bears are selling at the 38.2% Fibonacci retracement level of $2.28. However, a positive sign in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA. Buyers will have to shove the price above the 61.8% Fibonacci retracement level of $2.40 to open the doors for a retest of the stiff overhead resistance at $2.59. This positive view will invalidate if the price turns down and plummets below $2.07.Polkadot price analysisThe failure of the bears to sink Polkadot (DOT) below the $3.91 support indicates that the range-bound action remains intact.DOT/USDT daily chart. Source: TradingViewBuyers will try to drive the price above the 20-day EMA ($4.10) and challenge the overhead resistance at the 50-day SMA ($4.32). If this level is cleared, the DOT/USDT pair could surge to the downtrend line. The bulls will have to overcome this barrier to signal a potential trend change.The important support to watch on the downside is $3.91. A break below this level will suggest the resumption of the downtrend toward $3.58.Polygon price analysisPolygon (MATIC) turned up from $0.50 on Sept. 28 indicating solid buying at lower levels. The price has reached the 20-day EMA ($0.52), which is an important level to keep an eye on.MATIC/USDT daily chart. Source: TradingViewThe positive divergence on the RSI indicates that the selling pressure is reducing. That enhances the prospects of a break above the moving averages. The MATIC/USDT pair could then retest the overhead resistance at $0.60. The bears are expected to protect this level with vigor.If bears want to maintain their control, they will have to yank the price below the strong support at $0.49. If this support gives way, the pair may drop to $0.45.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. Blockchain’s tamper-proof properties make the technology an efficient upgrade to recording and transferring the ownership of different assets. This use case is popular with NFTs but has expanded to be used to process the ownership of other assets like real estate deeds.

A Star Atlas representative previously told Decrypt via email that SAGE Labs is “unlike any other ‘Web3’ game out there” because “absolutely everything is done on-chain.” When more (or all) game elements require a player to sign a transaction with their wallet, it can add up—even with a relatively small player base. When asked about future contributors to inflation, Hayes zoned in on the $7.75 trillion in US debt that must be rolled over by 2026 and the yield curve inversion in US bonds. 8 Best Places to Buy Ripple & Bitcoin in MexicoSource: Adobe / jirsakThe new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto investment firms, including Kraken Ventures, Mirana Ventures, GSR and Amber Group.“We’re incredibly excited to announce our $5M seed round led by @foundersfund and @daofive, alongside other major funds and angels,” the team wrote in a statement on X.It added that the funding round marks the project’s “first milestone towards building Ethereum’s financial superlayer.”‘Ethereum’s financial layer’In a thread on X, Layer N brands itself as “Ethereum’s financial layer,” with low fees and high transaction throughput.The thread further described Layer N as “the first layer 2 network on Ethereum specifically designed for and to scale DeFi,” and said it “aims to rival existing traditional financial networks.”Ethereum’s base layer has for a long time struggled with high fees and slow transaction speeds, offering an incentive for developers to build layers on top of it that are better suited for decentralized finance (DeFi) applications.Founders Fund’s increasing crypto focusPeter Thiel’s Founders Fund stood for $1.8 million of the total amount raised in Layer N’s funding round, the team behind the project confirmed to The Block.The investment from Peter Thiel’s fund came after it in April hired at Pantera Capital’s former co-chief investment officer, Joey Krug, as a partner.Peter Thiel has long been a proponent of Bitcoin (BTC) and crypto more broadly, and reports have even indicated that he may have crossed paths with Satoshi Nakamoto in Aguilla more than 20 years agoThiel’s fund also made headlines early this year when it became known that it had realized more than $1 billion in profits from selling off the vast majority of its crypto holdings shortly before the market crashed.Major Crypto Theft: $24 Million Drained from Ethereum Wallet in Phishing Scam Immutable is not the only blockchain firm working with AWS, however. Back in January, Avalanche announced that it joined the AWS Partner Network and AWS Activate—and is offering Avalanche subnet deployment as a service through the AWS marketplace.

Have an opinion on this story? Share it!