Can Ethereum go negative? - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Crypto traders are known for their commitment to staying ahead of the market curve. That said, traders are notably shifting their attention to Chainlink (LINK), Sei (SEI), Bitcoin Spark (BTCS), and Luna Classic (LUNC) ahead of Q4 2023.Will Luna Classic recover?Despite being down, Luna Classic (LUNC) is certainly not out. However, its resurgence will be contingent upon several factors, including the successful execution of a burn program, active backing from the community, and the speed of protocol advancements. An encouraging sign is Luna Classic's development team's anticipation of a substantial core upgrade, known as v2.2.0, which is poised to implement a range of enhancements to the blockchain infrastructure and aid in its strategic objective of reducing USTC and LUNC supply. Additionally, the community has passed two proposals to burn 800 million USTC linked to the Ozone protocol, underscoring a collaborative effort to rejuvenate Luna Classic. What is Chainlink?Chainlink is a decentralized oracle network that plays a crucial role in bridging the gap between smart contracts on the blockchain and real-world data sources. This innovative platform allows smart contracts to access external information, such as price feeds, weather data, and more, in a secure and reliable manner. Chainlink's robust network of nodes ensures the accuracy and integrity of data, making it a trusted solution for various decentralized applications (DApps).What is Sei?Sei is a Cosmos-based layer-1 blockchain seeking to transform digital asset trading by importing the speed and ease that most centralized exchanges offer and combining it with the security and decentralization of blockchain technology. Sei is asset and application-agnostic, meaning it offers access to thousands of tokens across different blockchain applications in its ecosystem. What is Bitcoin Spark?Bitcoin Spark is a new blockchain project that aims to pioneer the next generation of cryptocurrency. It draws inspiration from Satoshi Nakamoto and thus has some similarities with Bitcoin, such as having a capped supply of 21 million BTCS. However, Bitcoin Spark assures faster and cheaper transactions due to its short block time, high individual block transaction capacity, and massive number of nodes.Additionally, Bitcoin Spark primes itself as a scalable platform for diverse smart contracts and decentralized applications (DApps). It has a multi-layered architecture that includes a smart contract layer with multiple execution systems that allow for high-level and low-level programming languages, all reaching finality on the main network. The Bitcoin Spark network has passed multiple smart contract audits, showcasing the security and sustainability of its systems.Furthermore, Bitcoin Spark introduces a groundbreaking consensus mechanism known as the Proof-of-Process (PoP). The PoP non-linearly rewards users for confirming blocks and contributing their processing power to the network. The Bitcoin Spark native application will enable Windows, Linux, Mac OS, iOS, and Android users to participate in validation by permitting access to their device’s processing unit. The project’s development team has made sure that the application is safe, lightweight, and easy to use.By renting out the contributed power effectively to organizations or individuals in dire need of additional computational capacity but limited by resources, Bitcoin Spark helps validators bring income from what would have otherwise been idle processing power. Payments for the decentralized CPU/GPU rental will be made in BTCS, giving the crypto a unique real-world application. Moreover, Bitcoin Spark will have small, unobtrusive slots for ads on its blockchain explorer and application. The ads will be community-policied, and advertisers will also be required to pay with BTCS. This provides an exciting way for businesses to reach their target audience while bringing income to the network’s participants, as they will receive 50% of the revenue generated plus additional incentives for policing the ads.Notably, the Bitcoin Spark Initial Coin Offering (ICO) surpassed $1.4 million in investments just five weeks after it started, suggesting great demand in the market. The ICO is currently in Phase 6 out of 10, selling BTCS at $2.75 and offering an 8% bonus. BTCS will launch at $10, suggesting a 393% profit for Phase 6 investors.ConclusionWhile Chainlink (LINK), Sei (SEI), Bitcoin Spark (BTCS), and Luna Classic (LUNC) have found favor among crypto traders, it’s essential to do your own research before making any commitments.To get more information on Bitcoin Spark:Website: https://bitcoinspark.org/Buy BTCS: https://network.bitcoinspark.org/registerSEC Defers Bitcoin ETF Verdict Again, While Ripple (XRP) Stagnates and InQubeta (QUBE) Presale Pulls Significant Funds Over $100 million were lost in July when the China-based Multichain protocol drained all of its users' funds into an attacker’s account. The team alleges that police have arrested their CEO, but victims still search for answers as to what happened to their funds and how they can be reimbursed.FTX Advisor Kumanan Protects $400M Assets By Using Ledger Nano Wallet Can Ethereum go negative?However, according to a number of security experts that Blockworks spoke with, swapping between chains could provide the attacker with a number of benefits. Lee praised the conference organizer for taking an active role in guiding the development and use of AI in healthcare.

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In September, Yuga Labs announced a commercial agreement with Hadean focused on the tech behind Otherside. Yuga also announced technical and creative collaborations with startups AccelByte, Bad Rhino, and Faraway at the same time, all focused on Otherside. Furthermore, the game uses tech from metaverse startup Improbable. Bitcoin’s (BTC) weakness on Sept. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000, but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016.If they can pull it off, it will be a major sentiment booster, as October generally favors the buyers. According to CoinGlass data, Bitcoin has seen a negative monthly close in October only on two occasions, in 2014 and 2018. However, Bitcoin bulls will find it difficult to maintain the momentum if macroeconomic headwinds persist.Daily cryptocurrency market performance. Source: Coin360Another risk to the cryptocurrency recovery may come from the strength of the greenback, which has risen for 10 straight weeks, its longest winning streak since 2014. The U.S. Dollar Index (DXY) has also formed a golden cross, indicating further potential upside in the near term.Will the U.S. dollar extend its gains or witness a short-term correction? Can Bitcoin bulls hold off the bear pressure in the last week of September? Let’s analyze the charts to find out.S&P 500 index price analysisThe S&P 500 index turned down sharply from the downtrend line and broke below the moving averages on Sept. 15. This started a downward move, which has reached the crucial support at 4,325.SPX daily chart. Source: TradingViewThe 20-day exponential moving average (EMA) (4,422) has started to turn down, and the relative strength index (RSI) is near the oversold territory, indicating that bears have the edge. If the price maintains below 4,325, the index will complete a bearish head-and-shoulders (H&S) pattern. This negative setup has a target objective of 4,043.If bulls want to prevent the fall, they will have to quickly drive the price above the 20-day EMA. That could attract further buying, and the bulls will then attempt to kick the price above the downtrend line. If they manage to do that, the index has a good chance of retesting the local high at 4,607.U.S. Dollar Index price analysisThe U.S. Dollar Index bounced off the 20-day EMA (104.85) on Sept. 20, indicating that the sentiment remains positive and traders are buying on dips.DXY daily chart. Source: TradingViewThe up-move is likely to hit a wall at 106. This is the key level to keep an eye on in the near term. If the price turns down from this resistance but bounces off the 20-day EMA, it will enhance the prospects of a rally above 106. The next resistance on the upside is at 108.Sellers will have to yank the price back below the 20-day EMA if they want to weaken the bullish momentum. The index could then drop to 104.40 and later to the 50-day simple moving average (SMA) (103.35).Bitcoin price analysisThe uncertainty from the inside-day candlestick pattern on Sept. 22 and 23 resolved to the downside on Sept. 24. This suggests that the bears have asserted their supremacy.BTC/USDT daily chart. Source: TradingViewThe sellers will try to strengthen their position further by pulling the price to the solid support at $24,800. This remains the key level to watch out for in the near term, as the bulls are expected to defend it with all their might. If the $24,800 support gives way, the BTC/USDT pair could start a downward move to $20,000.Time is running out for the bulls. If they want to start a meaningful recovery, they will have to push and sustain the price above the moving averages. That will open the doors for a retest of the overhead resistance at $28,143.Ether price analysisEther (ETH) has been gradually slipping toward the pivotal level at $1,531, suggesting a lack of buying support from the bulls.ETH/USDT daily chart. Source: TradingViewAlthough the downsloping moving averages indicate an advantage to sellers, the RSI is showing signs of forming a bullish divergence. This suggests that the selling pressure could be reducing. This increases the likelihood of a bounce off $1,531. If bulls shove the price above the 20-day EMA ($1,616), it will signal a range-bound action between $1,531 and $1,746 for a few days. This view will invalidate if bears sink and sustain the ETH/USDT pair below $1,531. The pair could then plummet to $1,368.BNB price analysisBNB (BNB) has been swinging between $220 and $203 for the past few days. In a range, traders generally buy near the support and sell close to the resistance. BNB/USDT daily chart. Source: TradingViewBoth moving averages are sloping down, indicating an advantage to bears, but the RSI is trying to form a bullish divergence. This suggests that the bearish momentum may be weakening. Buyers are likely to defend the $203 level with vigor. If the price rises from the current level or bounces off $203, it will suggest that the range-bound action may continue for some more time. Sellers will need to tug the price below the critical support at $203 to take charge. The BNB/USDT pair could then plunge to $183.XRP price analysisAfter staying above the 20-day EMA ($0.50) for a few days, XRP (XRP) tumbled below the level on Sept. 24. This suggests that the bears have gained the upper hand.XRP/USDT daily chart. Source: TradingViewXRP price could fall to the uptrend line, which is expected to act as a strong support. If the price rebounds off the uptrend line, the bulls will again try to shove the price above the 20-day EMA. If they do that, it will signal aggressive buying at lower levels. The pair may then climb to the 50-day SMA ($0.53).Contrarily, if the uptrend line fails to hold, XRP price could first slump to $0.46 and thereafter to the formidable support at $0.41. This level is likely to attract strong buying by the bulls.Cardano price analysisCardano’s ADA (ADA) dropped to the critical support at $0.24 on Sept. 25, indicating that the bears have maintained their pressure.ADA/USDT daily chart. Source: TradingViewA minor advantage in favor of the bulls is that the RSI is forming a bullish divergence. The bulls will have to quickly shove the ADA/USDT pair above the downtrend line to reduce the risk of a breakdown below $0.24. If they can pull it off, the bearish descending triangle will be rendered invalid, which could boost the price to $0.29.Instead, if bears drag ADA price below $0.24, it will complete the bearish setup. That could start a downward move toward $0.22 and subsequently to the pattern target of $0.19.Related: How much is Bitcoin worth today?Dogecoin price analysisDogecoin (DOGE) is stuck inside a tight range between $0.06 and the 20-day EMA ($0.06). Typically, a volatility squeeze is followed by an expansion in volatility, but it is difficult to predict the direction of the breakout.DOGE/USDT daily chart. Source: TradingViewIf the price turns up off the current level, the bulls will again try to clear the overhead hurdle at the 20-day EMA. If they succeed, the DOGE/USDT pair could rise to $0.07 and later sprint to $0.08. The bears are expected to sell near this level.Alternatively, if the range resolves to the downside with a break below $0.06, it will indicate that bears have seized control. DOGE price may then nosedive to the next major support at $0.055.Toncoin price analysisToncoin (TON) turned down sharply from the overhead resistance at $2.59 on Sept. 20 and continued lower, indicating that the bulls are booking profits.TON/USDT daily chart. Source: TradingViewThe first support on the downside is at the 20-day EMA ($2.11). If the price rebounds off this level with strength, it will suggest that the sentiment remains positive and traders are buying on dips. The bulls will then again try to push the price to $2.59.Contrary to this assumption, if the price skids below the 20-day EMA, it will indicate that the bulls are losing their grip. The TON/USDT pair could first dip to the psychological level of $2 and later to the 50-day SMA ($1.72). A deeper correction is likely to delay the next leg of the up-move.Solana price analysisSolana’s SOL (SOL) has been clinging to the 20-day EMA ($19.53) for the past few days, indicating a tough battle between the bulls and the bears.SOL/USDT daily chart. Source: TradingViewThe flattish 20-day EMA and the RSI just below the midpoint indicate a balance between supply and demand. On the upside, the bulls will have to thrust the price above the 50-day SMA ($20.80) to signal the start of a recovery to $22.30.Conversely, if the price turns down from the current level, it will suggest that the bears are back in command. The SOL/USDT pair could then retest the important support at $17.33. If this level snaps, the pair may collapse to $14.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. Best Crypto Exchange South Africa 2023 GuideTetherUSD CoinbitCNYTrueUSDDai Synapse makes settlement processes faster and more transparent, benefiting asset managers, brokers, custodians and clearing participants by allowing real-time data syncing to handle higher trade volumes efficiently, HKEX said in a statement released Wednesday.

Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy. The crypto donation drive was launched on October 9 to raise funds for Israeli citizens who are in need of humanitarian aid due to the outbreak of war with Hamas. Here are 7 Perpetual DEXs You Should Be Investing In Right NowInitially, Crypto Twitter commenters pointed to a “fat finger” mistake—that the buyer may have zipped too quickly through the process and accidentally paid far more than intended. We’ve seen apparent examples of this on the other side, too, where sellers have accepted bids that were well below the market price for a particular collection. Hamas launched its first deadly attack on Israel since 1948 on Saturday, killing more than 1,500 citizens and taking at least 100 hostage. Citizens have called on the government to launch a ground offensive, a move that could lead to instability in the Gaza strip, a Palestine region from which Hamas launched its attack.

If the prediction proves true, then Bitcoin could return to $20,000 or drop to the current cycle minimum of $15,000. As of October 10, Kaiko observes that there are more than 2.2 million contracts, and the number has been rising steadily over the past few trading weeks. With increasing open interest, it can hint that bulls are in the equation, which may support prices now that prices are under immense pressure. 7 Best exchanges to buy crypto in Jordan 2023Ranglani, an experienced fintech executive, served for three years as Paytm’s senior vice president of product management. He now takes the reins of Gemini’s India operations, overseeing a team of around 80 staff. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Former Close Allies Turn Against SBF in Ongoing Legal Battle

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