Bitcoin derivatives favor further BTC price rally toward $30K - cyptoranking.com

2024-05-12

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Source / 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 Supply and Demand: The primary driver of a token’s value remains the interplay between supply and demand. A surge in SHIB demand coupled with diminished supply due to burning can amplify the token’s allure and price. Bitcoin derivatives favor further BTC price rally toward $30KBlockchain analytics firm Santiment says that Ethereum (ETH) rival Cardano (ADA) just reclaimed the top spot in a ranking of development activity. Wang has previously said he “didn't think the lawyers would tell him to sign something that was illegal,” the filing said.

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Binance CEO Chanpeng Zhao stands accused of multiple financial crimes. Source: Chamber of Deputies of Brazil The funds’ lack of growth is stark when compared to demand for the first bitcoin futures ETF. The ProShares Bitcoin Strategy ETF (BITO) grew to $1 billion in assets in its first few days on the market in October 2021. Buy Bitcoin in USA: 5 Best Ways (2023)As usual, the ChatGPT has provided its responses considering both negative and positive outcomes. Nevertheless, the AI looks slightly biased toward a bull run for XRP in the coming year — which is still highly dependent on Ripple’s actions, and the ability of the company and the community to create enough demand to overcome one of the highest supply inflations in the industry. However, Schroé said he thinks bringing together Bitcoin and Ethereum could produce a new array of applications “with decentralization and security as first principles.““EVM is the winning virtual machine, and Bitcoin is the best money,” he said.Magazine: Ethereum is eating the world — ‘You only need one internet’

If Bitcoin fails to recover higher above the $27,500 resistance, there could be more losses. Immediate support on the downside is near the $27,000 level or the 1.236 Fib extension level of the upward move from the $27,185 swing low to the $28,284 high. It was thought that Bitmain's newly released Antminer S21 devices could be useful to miners in this regard. It is not yet known how the financial crisis that allegedly started in the company will affect device production. Where to buy crypto without verification?Founded in 2012, Improbable raised $704 million in seven rounds. The dialogue around Bitcoin’s merit as a safe haven asset is not new. Yet, endorsements from financial moguls like Paul Tudor Jones fortify its standing in an investment environment quaking under the Israel-Gaza War.

Dappicom functions as a Zero-Knowledge Virtual Machine (ZKVM) and is compatible with the MOS 6502 instruction set, a low-cost 8-bit microprocessor introduced in 1975 that became widely popular in numerous computing platforms, including NES. The ZKVM also incorporates elements of Rust programming. Earlier this month, a report by the Associated Press said data centers like those used for ChatGPT consume about 500 milliliters of water for every 5 to 50 prompts. The AP noted that OpenAI’s data centers are allegedly located near the same waters in Iowa that feed local corn fields. 4 top ranked cryptocurrencies & where to buy them in ...“Rug Pull,” however, doesn’t require machinery. So, who knows where it could go on view next.Lianchuang’s Inspiring Israel Trip Spurs Successful Fundraising for Digital Asset Aid Earlier, Bankman-Fried's defense attorney had asked Wang, “Do you know the difference between solvency and liquidity?” Wang responded that he did.

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