What do people trade in Athens? - cyptoranking.com

2024-05-03

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

The Bitcoin halving cycle narrative is starting to bubble up with around six months to go before the big event. Analysts are starting to switch to more positive sentiment for the long term in what has been a long-drawn-out crypto winter. Market intelligent platform for on-chain and social metrics, Santiment tweeted that the XRP ledger has seen less activity compared to 2021 and 2022. However, this has not stopped the Whales and the Sharks from accumulating XRP. Wallets with 100K-100M $XRP hold $7.89B in coins at present while a year ago it was $7.16B. As such, wallets holding 100K -100M XRP have 26.7% of the supply of XRP. What do people trade in Athens?Based on the recent on-chain events, Shiba Inu will likely experience a further price downswing below $0.000005 in the weeks ahead. Source: TradingViewThe Ethereum price has dropped by 0.5% in the past 24 hours, dipping to $1,619 as the market as a whole falls by roughly the same percentage within the same amount of time.ETH has now declined by 6% in the past week, although the market's biggest altcoin remains up by 2.5% in a fortnight and by 35% since the beginning of the year.However, the cryptocurrency has struggled to remain above $1,700 this month, while its 200-day average continues to hover around $1,800, indicating just how oversold it still is at the moment.On the other hand, this also suggests that ETH is due a rebound and soon, and with its fundamentals remaining very strong, such a rebound is only a matter of time.Ethereum Price Prediction as $1,800 Level Comes into Play – What Are the Indicators Showing?There's little doubt that ETH is in the middle of a short-term downswing right now, with its indicators all looking fairly weak.Source: TradingViewFirstly, its price has dropped by its 30-day exponential moving average (yellow), which itself remains some way below the coin's 200-day average (blue), all of which indicates big selling pressure.Secondly, ETH's relative strength index (purple) is falling slowly below 50, something which also signals an excess of selling, but which also suggest that such selling could continue for a while longer yet (since the RSI hasn't fallen to 30 or 20).Having said that, it will be interesting to see whether ETH's current support level (green) can resist a fall below $1,600 or so.If it can, ETH may recover sooner rather than later, yet a drop below this key psychological level may forecast further losses.Either way, Ethereum remains one of the most fundamentally attractive altcoins in the market, and given that it is massively below its current 200-day average of $1,800, it really should rebound soon.Indeed, recent losses have nothing specifically to do with Ethereum on a fundamental level, with market negativity surrounding rising bond yields, for instance, depressing stocks and other speculative assets (including cryptos).Yet Ethereum remains in the same position it was when it last rallied at the start of the month, with the layer-one blockchain accounting for the vast bulk of the total value locked in of the DeFi sector (particularly when you include ETH-based layer-two networks). And as we never tire of pointing out, recent months have seen some major adoption news for Ethereum, with PayPal launching its own ETH-based stablecoin and Visa conducting stablecoin trials on its network.As such, ETH will rebound soon enough, potentially hitting $1,700 in the next couple of weeks, while a bullish end to the year could see it reach $1,800 or $1,900.Alternative High-Return AltcoinsETH certainly remains one of the safest options for altcoins traders, yet it isn't the only potentially high-return alt in the market right now, with a number of other, newer tokens looking promising.Some of these new tokens are also presale coins, which can rally big once they launch on trading platforms, particularly if they've had successful sales that have attracted lots of interest.A good example of this is provided by Meme Kombat (MK), a new project that stages AI-generated battles between meme characters and enables its users to bet on the outcome of said battles.Its sale has already raised more than $400,000, a figure which indicates just how popular the project is becoming, particularly when its sale has been open for barely three weeks.What's attracting new investors is Meme Kombat's unique platform, which gives users the chance to earn rewards and prizes (in the form of $MK) if they correctly bet on the results of computer-generated battles, with users able to bet against themselves or against the platform itself.Users become able to place bets by staking the platform's native token, MK, meaning that they can also earn staking rewards in addition to betting rewards,This potentially makes MK triply profitable, in that it could also obviously witness price appreciation in addition to offering staking and gambling rewards.The token will have a hard cap of 12 million MK, with 50% of this supply going to the presale and another 30% going towards battle and staking rewards.Investors can grab some early – and at what may become a big discount – by visiting its official website and connecting their software wallets.1 MK will cost $1.667 for the sale's duration, and when this sale ends MK will list on trading platforms, where it could rally big, given how popular new meme projects have been this year.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.Terra Luna Classic Price Prediction as LUNC Edges Closer to $0.00006 – Can It Hit $3 in 2023?

Exchange Rankings Crypto
Image: cyptoranking.com

Dr. Xinxin Fan, IoTeX co-founder and head of blockchain, told Blockworks that confidential computing is a hardware-backed security and privacy enhancing technology designed specifically for protecting data as it’s in use. For context, the hint about the Shiba Inu publication erupted following Kusama’s long thread titled “A Bark of Peace on Deaf Ears” on the X platform over the weekend. At the end of the tweet, Kusama noted the coming of the journal entitled “The Shib.” 8 best cryptocurrencies to invest in 2022 for max gainsKazemian said once Federal Reserve interest rates started rising, he realized most stablecoins on the market were only built for low-rate environments — and Frax (FRAX) needed to track interest rates to stay relevant. Hardware and chip technology provider ARM Research and Web3 platform IoTeX have brought confidential computing of encrypted data to IoTeX’s DePIN stack.

The minting process, visible to all metaverse participants through an in-game representation of a factory churning out the playgrounds, will be underway on Thursday. The first sales will begin on Friday. The increasing number of ETH tokens available to be traded on exchange spot markets is a significant bearish signal. It implies that many current holders are potentially looking to liquidate their positions in the short term. Japan struggles to hamper int'l cryptocurrency money laundering operations-The MainichiData from monitoring resource CoinGlass showed negligible liquidations across both long and short BTC positions through Oct. 6. BTC liquidations chart (screenshot). Source: CoinGlassLack of lower BTC price levels “surprise”Monitoring resource Material Indicators meanwhile turned its attention to whale trading behavior over the course of the week.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesDividing whales into volume-based cohorts, it showed different “classes” of whales making contradictory moves. Orders worth between $100,000 and $1 million — the class Material Indicators often says is the main driver of spot price action — have increased exposure, but failed to spark a broader uptrend.“This week, purple bought aggressively and sold the local top. They then stared buying dips for a NET +$13.8M in market orders on @binance over the last 7 days,” it explained.Data further showed other whales net selling to the tune of nearly $60 million over the same period.“We could speculate whether or not that’s part of the FTX liquidation,” Material Indicators added, referencing the potential liquidation of assets from defunct exchange FTX. “Doesn’t really matter who it is, but if there is any surprise, it’s not that price hasn’t gone higher…it’s that it didn’t go lower.”BTC/USD order book data for Binance with whale activity. Source: Material Indicators/XOn the topic of exchange-based setups, popular trading account Exitpump likewise spied a potential liquidity grab being prepared below $27,400.“Price always likes to do multiple kisses into resistance block forming a top,” part of recent analysis summarized.$BTC Possible run back to 28k. Good amount of bid liquidity below 27.4k on Binance spot orderbook.Price always likes to do multiple kisses into resistance block forming a top. pic.twitter.com/ZvUVEeqULY— exitpump (@exitpumpBTC) October 5, 2023 Shiba Inu: Shibarium Launch and Robinhood's Holdings

In a recent tweet, Yyctrader narrated the harrowing incident that left his crypto portfolio compromised, expressing deep regret for his mistakes. Specifically, Yyctrader disclosed that his Friend.tech wallet had fallen victim to a phishing scheme, losing his entire Friend.tech portfolio of 22 ETH worth $34,958. The whale swapped 1,370 ETH for 1,370.3351 stETH on 1inch, resulting in a profit of 0.329 ETH ($540) after gas fees. OKX:Buy Bitcoin & other cryptocurrencies|cryptocurrency...FCA Sanctions Binance's UK Partner RebuildingSociety.com for Financial Promotions Unlike day traders, who often maintain positions for less than one day, swing traders typically hold positions for multiple days, if not weeks. Swing traders typically employ trading methods such as trend trading, counter-trend trading, momentum trading, and breakout trading. Swing traders focus on price action rather than long-term growth and fundamentals.

Have an opinion on this story? Share it!