Crypto Trading 101: How to Read an Exchange Order Book - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
Image: cyptoranking.com

To sum it up, altcoins are best suited for cryptocurrency investors who are willing to do their research before investing. Cryptocurrency stocks are better if one is seeking a lower-risk or less time-intensive investment. When the whole crypto industry stood frozen in the long crypto winter that followed the abrupt downfall of the then-prominent crypto exchange FTX, Zhao came forward with the IRI proposal, intending to raise at least $1 billion from industry giants to fund promising startups. In November 2022, Zhao shared a Twitter thread announcing Binance’s IRI project to help strong projects in liquidity crisis. Crypto Trading 101: How to Read an Exchange Order BookIn late September, the website for the Ethereum-based automated market maker Balancer was compromised in a seemingly similar attack, with attackers making off with around $240,000 worth of funds. The SEC Blames Bankman-Fried of Fraud

Exchange Rankings Crypto
Image: cyptoranking.com

Despite being a relatively new entrant in the crypto market, Archax has already made significant strides. In July, the company introduced a crypto custodian service, a primary issuance service, and a tokenization engine aimed at supporting start-ups and early-stage businesses in raising capital. Manifold aims to elbow their way more deeply into the market with a focus on a new MEV auction system that will allow for “multiple winners per slot, as opposed to the current paradigm of one slot, one winner in the Flashbots MEV Boost system,” per the blog post. Flashbots’ MEV Boost currently boasts over 90% of the ETH validator market utilizing the block builder. Dogecoin rates in PKR and USD on April 07, 2023The Satlantis founder stood behind the play-to-earn model and expressed his annoyance with the situation, stating: Notably, the Ethereum blockchain permits the development of smart contracts, programmable initial coin offerings (ICOs), and NFTs. These are all built around the Ethereum infrastructure and secured by nodes on the Ethereum network.

This rise in popularity caused a big fee spike on the bitcoin blockchain, leading some users to complain about the perceived “uselessness” of adding arbitrary data to what should arguably be a monetary network. Since bitcoin is ruled by rules, not rulers, and Ordinals transactions abide by the protocol’s rules, the activity was able to continue and thrive for months, leading to a plethora of applications and new developments being built on the original cryptocurrency. DPOS is known as one of the fastest consensus mechanisms. Crypto Trading: Trade Cryptocurrency CFDsBankman-Fried’s criminal trial commenced at a Manhattan Federal court a week ago. After the court selected its jury, prosecutors and defense made opening statements and heard a testimony from FTX co-founder Gary Wang. “Artists are at risk of seeing the fruits of their hard work pinched and promoted without permission while fraudulent and misleading adverts add an extra layer of jeopardy for investors involved in what is already an inherently risky business,” Dame Caroline Dinenage MP, chair of the Culture, Media and Sport Committee, said in an accompanying press release.

In the volatile world of cryptocurrency, Ripple's (XRP/USD) price stands out, with its daily trading volume now exceeding $500 million. Despite recent bearish sentiments, the surge has ignited speculation: Could XRP be on the brink of a rebound? Let's dive into the data and technical indicators to uncover the XRP price prediction.XRP Price UpdateRipple's XRP has been under the spotlight recently, and the latest data suggests there might be a light at the end of the tunnel for its investors. As of October 7, the price of XRP stands at $0.52255. This relatively modest figure belies a noteworthy 24-hour trading volume surge that has crossed the $500 million mark, specifically landing at $574,496,492. This movement has resulted in a 0.50% increase in its value over the same time frame. As per CoinMarketCap, XRP's current standing is at rank #5, with its market capitalization valued at approximately $27.9 billion. The cryptocurrency has a circulating supply of 53.39 billion XRP coins, with its maximum supply capped at 100 billion coins.For those closely watching the crypto market trends, be sure to check out our recent article on Bitcoin price prediction. Get the latest insights on BTC's potential trajectory.XRP Price Prediction From a technical standpoint, based on a 4-hour timeframe, the pivot point for XRP/USD is currently at $0.5170. Key Trading Levels: It faces immediate resistance at $0.5295, with further resistance points lying at $0.5399 and $0.5489. On the flip side, XRP has immediate support at $0.5055, followed by additional supports at $0.4949 and $0.4864.Key Technical Indicators: Diving into the technical indicators, the Relative Strength Index (RSI) is presently positioned at 48. An RSI value below 50 typically signifies a bearish sentiment, whereas above 50 it indicates bullish momentum. In XRP's case, the RSI is slightly leaning towards the bearish sentiment but is tantalizingly close to that midpoint that could tip it either way.50 EMA Suggest Buying: The 50-day Exponential Moving Average (EMA) for XRP is at $0.5200. The asset's price hovers around this mark, which makes it a pivotal point to observe. If the price remains above the 50 EMA, it could be indicative of a short-term bullish trend, while a dip below might suggest a bearish stance.XRP Price Prediction - Source: TradingviewLooking at the chart patterns, XRP has charted an upward channel on its 4-hour timeframe, a positive sign for potential buyers. This channel suggests an ongoing bullish sentiment, and this view is further cemented by the 50 EMA (coloured in blue), which supports the chances of a bullish trend continuation at the $0.5200 level. However, any bearish crossover below this EMA could pave the way for a selling trend.In conclusion, while XRP's short-term future seems to be hinged on the pivotal $0.5200 mark, the overall sentiment leans bullish above this price point. With the ongoing developments and technical indicators, traders and investors can anticipate XRP to test its resistance levels of $0.5400 or $0.5485 in the forthcoming days. As always, meticulous observation and strategic decision-making are the keys in these volatile crypto markets.New Altcoin Surges in Popularity: Here's What You Need to KnowAltcoins that are relatively new may provide traders with greater returns in a shorter span of time compared to XRP, which is still in a favourable position. Newer altcoins have the potential to outperform the market by a significant margin, especially if they haven't had their initial growth spurts yet. This is particularly true for presale tokens, and TG.Casino (TGC) is currently conducting one of the most intriguing new sales, offering a decentralized casino platform that leverages the social influence of the popular Telegram messaging app.In just two weeks since its presale launch, TG.Casino has raised over $600,000, indicating that the project is already gaining traction among investors. Along with an extensive range of games and gambling options, TG.Casino is set to leverage Telegram to tap into pre-existing investor and gaming communities. With the platform already launched a few weeks ago, the use of Telegram is expected to help accelerate TG.Casino's userbase growth. The TGC token, which is essential for playing the games on TG.Casino, will have actual utility, and its demand will be boosted by the ability to use it for staking. The token will have a hard cap of 100 million, with 40 million allocated for the presale, 20 million for staking rewards, and 10 million for gaming rewards, ensuring that it will remain highly decentralized.To participate in TG.Casino's presale, investors can go to the official website and connect their software wallets. The wholesale price of 1 TGC is $0.125. However, the platform's strong fundamentals could lead to a potential increase in its price once it gets listed on exchanges.Visit TG.Casino 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.Dogecoin Price Prediction as DOGE Attempts to Climb Above 50-day EMA – Can Momentum Be Regained? “Obscuring their identities both from outsiders and each other in day-to-day business dealings evidences an intent to avoid detection, subvert legal process, and operate free of legal consequence,” they said. Crypto trading platform Bitget gets $10 million funding round from DragonflyCCIP simplifies the developer experience by offering a unified cross-chain interface. Developers need only integrate the CCIP Router on-chain to start building secure cross-chain applications without the hassle of writing custom code for each blockchain. The same applies to the previously mentioned Bitfarms. Although the company reached its highest production rate since May in September 2023, it was still 70 BTC less than the previous year. This has led more people to question whether cryptocurrency mining is still profitable.Bitcoin Miners See Production Increases in September

Have an opinion on this story? Share it!