Central Bank Digital Currency :日本銀行 Bank of Japan - cyptoranking.com

2024-04-25

Popular crypto exchanges(2023 Update) 2024-04-25
Image: cyptoranking.com

“Imagine a world where you have two games. They have the exact same experience, but one of them has ownership. Which one are you going to play?” Anderson said. An ICO can have a static token supply and a dynamic funding objective. This implies that the amount of capital raised in the ICO decides the overall price per token. Central Bank Digital Currency :日本銀行 Bank of JapanThe CryptoNight algorithm’s creation is fascinating and recalls the origin of Bitcoin. Its creator — who goes by the fictitious name of Nicolas van Saberhagen — disappeared, just like the famous Satoshi Nakamoto. Marathon has seen overwhelming growth throughout 2023. By August, it had installed enough hardware throughout its collection of data centers that its lofty 23 EH/s goal is now within striking distance.

Exchange Rankings Crypto
Image: cyptoranking.com

Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the U.S. Dollar Index (DXY) rose to a new year-to-date high. This is a mildly positive sign, as it shows a lack of aggressive selling at lower levels.Bitcoin remains stuck inside a range, and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,00015,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.Daily cryptocurrency market performance. Source: Coin360The near-term price action remains uncertain, but that has not deterred the long-term bulls from adding Bitcoin to their portfolio. MicroStrategy co-founder and executive chairman Michael Saylor announced on X (formerly Twitter) that the firm had acquired 5,445 BTC at an average price of $27,053 per Bitcoin.Could Bitcoin and select altcoins start a short-term up-move? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average (EMA) ($26,436). The bulls pushed the price above the 20-day EMA on Sept. 27 but could not clear the 50-day simple moving average (SMA) ($26,757).BTC/USDT daily chart. Source: TradingViewThis indicates that the bears have not given up and are selling the rallies to the 50-day SMA. The bears will have to pull the price below $25,990 to clear the path for a potential fall to $24,800. This level is likely to attract solid buying by the bulls.On the upside, the first sign of strength will be a break and close above the 50-day SMA. The BTC/USDT pair may then rise to $27,500 and subsequently to the overhead resistance at $28,143. The bears are expected to defend this level with all their might.Ether price analysisEther (ETH) is trying to start a recovery. The price rose above the 20-day EMA ($1,614) on Sept. 27, but the bulls could not hold on to the intraday rally. This shows that the higher levels continue to attract sellers.ETH/USDT daily chart. Source: TradingViewThe bullish divergence on the relative strength index (RSI) favors the buyers. If they retain the price above the 20-day EMA, the ETH/USDT pair could first rise to the 50-day SMA ($1,668) and thereafter attempt a rally to the overhead resistance at $1,746.Contrary to this assumption, if the price remains below the 20-day EMA, it will suggest that the bears are in command. The sellers will then try to yank the price below the important support at $1,531. If that happens, the pair may crash to $1,368.BNB price analysisBNB (BNB) remains below the breakdown level of $220, but a positive sign is that the bulls have not allowed the price to slip below $203.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. This equilibrium will tilt in favor of the bulls if they kick the price above $220. The BNB/USDT pair could then ascend to $235.On the contrary, if the price continues lower and breaks below $203, it will signal that the bears have asserted their supremacy. The pair may then start the next leg of the downtrend to the strong support at $183.XRP price analysisBuyers tried to thrust XRP (XRP) above the 20-day EMA ($0.50) on Sept. 25, but the bears held their ground.XRP/USDT daily chart. Source: TradingViewThe price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears. Sellers will try to gain the upper hand by dragging the price below the uptrend line. If they are successful, the XRP/USDT pair may descend to $0.46 and then to $0.41.Contrarily, if the price rises and breaks above the resistance line, it will indicate that bulls are trying to seize control. The pair may then climb to the overhead resistance at $0.56.Cardano price analysisCardano’s ADA (ADA) bounced off the vital support at $0.24 on Sept. 25, but the bulls are struggling to push the price above the 20-day EMA. This may result in more selling.ADA/USDT daily chart. Source: TradingViewThe $0.24 level will likely witness a tough battle between the bulls and the bears. If the $0.24 support gives way, the ADA/USDT pair will complete a bearish descending triangle pattern. The pair may then start a downward move to $0.22 and subsequently to the pattern target of $0.19.Contrary to this assumption, if the price rises and breaks above the downtrend line, it will invalidate the bearish setup. The pair may then start an up-move to $0.29.Dogecoin price analysisThe bears pulled Dogecoin (DOGE) below the $0.06 support on Sept. 26, but the long tail on the candlestick shows buying at lower levels.DOGE/USDT daily chart. Source: TradingViewHowever, the gradually downsloping 20-day EMA ($0.06) and the RSI in the negative territory indicate that bears remain in command. Sellers will make another attempt to sink and sustain the price below $0.06. If they can pull it off, the DOGE/USDT pair may plummet to the next significant support at $0.055.Alternatively, if the price turns up from the current level and rises above the 20-day EMA, it will signal that the bulls are on a comeback. The pair could first rally to $0.07 and thereafter dash toward $0.08.Solana price analysisThe failure of the bulls to propel Solana’s SOL (SOL) above the 20-day EMA ($19.42) in the past few days shows that the bears are aggressively protecting the level.SOL/USDT daily chart. Source: TradingViewThe price has turned down from the 20-day EMA, and the bears will try to build upon their advantage by pulling the SOL/USDT pair below the nearest support at $18.50. If this level cracks, the selling could pick up, and the next stop is likely to be $17.33.On the contrary, if the price bounces off $18.50, it will suggest buying on dips. The bulls will then again try to shove the price above the moving averages. If they do that, the pair may jump to $22.30.Related: Bitcoin price to $30K in October, says analyst as BTC price climbs 2%Toncoin price analysisToncoin (TON) has dropped to the 20-day EMA ($2.11), which is an important level to keep an eye on. In an uptrend, buyers generally buy the dips to the 20-day EMA. TON/USDT daily chart. Source: TradingViewHere too, the bulls purchased the fall to the 20-day EMA on Sept. 27, but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers maintain the price above the 20-day EMA, the TON/USDT pair will attempt a rally to the 61.8% Fibonacci retracement level of $2.40.Meanwhile, sellers are likely to have other plans. They will try to yank the price below $2.07 and extend the correction to the next major support at the 50-day SMA ($1.76).Polkadot price analysisPolkadot’s DOT (DOT) has remained stuck below the 20-day EMA ($4.10) for the past several days, suggesting that the bears are fiercely defending the level.DOT/USDT daily chart. Source: TradingViewThe RSI is showing signs of forming a bullish divergence, but the buyers will have to clear the overhead hurdle at $4.22 to reduce the selling pressure. If that does not happen, the risk of a further fall remains.If the DOT/USDT pair continues lower and skids below the immediate support at $3.91, it will indicate the start of the next leg of the downtrend. The next support on the downside is at $3.58.Polygon price analysisPolygon’s MATIC (MATIC) bounced off the critical support at $0.51 on Sept. 25, but the bulls could not push the price above the 20-day EMA ($0.53). MATIC/USDT daily chart. Source: TradingViewThis suggests that the sentiment remains negative, and traders are selling on rallies. The bears will try to sink the price below the Sept. 11 intraday low of $0.49. A collapse of this support will indicate the resumption of the downtrend.A minor ray of hope for the bulls is that the RSI is forming a bullish divergence. Buyers will have to drive and sustain the price above the 20-day EMA to signal the start of a sustained recovery. The MATIC/USDT pair could then rally to the 50-day SMA ($0.56).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. Last month, game developers lost it over Unity’s plans to implement an install-based “runtime fee.” Now, Unity’s CEO John Riccitiello is stepping down. Are Nigerians Really Buying Bitcoin For As High As $34,000?Support Levels: $0.9 and $0.8 Saiers only works on-site when it makes sense. His art practice transcends crypto, too. He takes on other topics like unjust incarceration or the profound union of art and math.

“We're creating multi-generational products—games that will outlast us and are owned by the communities that play them,” he continued. Neo Excellence Award Winner: Acel. How to Buy Ethereum with a Credit CardLight Up the Xmas Tree With 1xBit and Win this Christmas Another controversial client in Axos’ book of business is former U.S. president Donald Trump. According to a July report in the Washington Post Axos Bank’s CEO, Gregory Garrabrants, personally approved loans worth $225 million to Trump after multiple financial institutions had severed ties with Trump following the January 6th, 2021 attack on the United States Capitol.

Metaverse trademarks and interest in a downtrend The funds stored in the original Bitcoin wallet are distributed through multiple wallets, transferring smaller divisions of funds to a series of additional wallets, a tactic that “considerably prolongs” the tracing process. OKX seizes 2M USDT linked to market manipulation“Binance Futures will launch STRAX futures trading with up to 10x leverage at 02:30 UTC on 10/11/2023.” The astrology-themed nonfungible token (NFT) project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an Oct. 9 report from blockchain security firm CertiK. The project’s deployer account called the “withdrawToken” function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from them. These tokens were then swapped for the Binance USD (BUSD) stablecoin and sent to another account.#CertiKSkynetAlert We can confirm an exit scam on @AstrAstrol75591 LSC token Bsc: 0x2b3559c3DBdB294cbb71f2B30a693F4C6be6132dEOA 0x9Ef withdrew LSC tokens from the AwardCenter contract. Tokens were then sold for $1.1mhttps://t.co/sy7vFfqhf5— CertiK Alert (@CertiKAlert) October 9, 2023

Have an opinion on this story? Share it!