How much can you make from crypto in a month? - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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The Morgan Creek Capital founder claims the combination of Bitcoin network’s upcoming halving event and the potential approval of BlackRock’s spot bitcoin ETF will bring “tens of billions, if not hundreds of billions of dollars of demand into the physical spot market.” Source: BabyDoge Twitter How much can you make from crypto in a month?Source: TradingViewThe Ethereum price has dropped by 3.5% in the past 24 hours, falling to $1,667 today as the cryptocurrency market loses 2.5% amid profit-taking from investors.Despite today's loss, ETH remains up by 5% in a week and by 2% in the last 30 days, with the market's biggest altcoin also having gained by 39% since the beginning of the year.And with the market as a whole still carrying momentum from its rally at the start of the week, ETH could easily post further gains in the next few days, with its long-term prospects remaining as good as ever.Ethereum Price Prediction as $12 Billion Trading Volume Floods In – Where is ETH Heading Next?ETH's chart still looks good, even with today's loss, given that the coin's indicators continue to point towards further gains.Source: TradingViewThe altcoin's relative strength index (purple) has resumed climbing towards 60 after dropping from 70 overnight, a sign that today's profit-taking may not be enough to derail what could end up being a sustained period of rallying.Another encouraging sign comes from ETH's 30-day moving average (yellow), which continues to climbing steadily higher, potentially on course to climb over the coin's 200-day average (blue).What's especially heartening about this is that the 30-day average remains substantially below the 200-day, so ETH has plenty of room left to rise before it becomes dangerously overbought.It's also positive that the coin did not fall back down to its medium-term support level (green), something which indicates that the asset may have entered an accumulating phase overall.This would suggest that ETH is likely to resume gaining in the coming days and/or weeks, with the altcoin potentially on course to reach $1,700 by the end of the week and possibly hit $1,800 by the end of the month.There are good technical and fundamental reasons to suspect this, with ETH having been massively oversold for several weeks and months now, as indicated by just how low its RSI had been in September and August.Likewise, Ethereum continues to dominate the cryptocurrency ecosystem, with the layer-one blockchain accounting for around 55% of the entire DeFi sector, and that's without adding the TVLs of any ETH-based layer-two networks.It also continues to attract major adoption and usage, with PayPal's announcement of an Ethereum-based stablecoin being arguably the most noteworthy piece of news to hit the entire crypto industry in the past few months.Based on all of this, ETH is still on course to return to $2,000 by the end of the year, with a fully fledged bull market in 2024 likely to help it return to $2,500, if not higher.Newer Altcoins Can Rally FasterBecause ETH is an established altcoin, its gains from here on out may be fairly gradual, meaning that any traders looking for market-beating returns in a small amount of time may have to look elsewhere.Fortunately, there are a number of newer altcoins in the market right now which are set up nicely for potentially large gains in the near future, with a handful of presale tokens looking particularly promising.A prime example of such a coin is Meme Kombat (MK), a new gaming platform that will enable users to bet against each other on the outcome of AI-generated battles between well-known meme characters.Meme Kombat's presale has already raised more than $230,000, which is impressive considering that the sale has been open for only a couple of weeks ago.This suggests that investors are quickly being drawn in by the new platform's features, which will see users rewarded in the form of Ethereum-based MK tokens whenever they win bets on the results of computer-controlled fights.Another thing that makes MK attractive is that it will have a limited supply of only 12 million tokens, something which could make it considerably deflationary in the long run.50% of this supply has been reserved for the sale, with another 30% going towards battle and staking rewards, meaning that holders can also earn a passive income from the token.10% will go towards liquidity, while the last remaining 10% has been allocated to community rewards, a move that will help to incentivize greater engagement with Meme Kombat.New buyers can join the sale by visiting the official Meme Kombat website, where 1 MK token will cost $1.667 for the entirety of the sale.MK will list once the sale finishes in the next few weeks, at which point it could rally strongly.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.Solana Price Prediction as $1 Billion Trading Volume Sends SOL Flying Up 25% – Are Whales Buying? At the relayer network, we now have four entities — two in the US, two in Europe — that relay 93% of all the blocks on Ethereum. There’s no explicit economic incentive, therefore there are implicit economic incentives that are opaque. There are all sorts of economic incentives to do things like colocation and there’s all sorts of backroom deals that are possible and may even be happening right now. The network is much more centralized than folks realize and is on a trend to become more centralized. It’s going in the wrong direction, and hey, Blocknative exiting, we can decide if this is a good or a bad thing or if it’s a non event, but there’s no question it’s now more centralized this week than it was last week.

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In a post to his 674,300 followers, he reiterated that FTX was a crypto exchange and not a bank. Therefore, arguing it is crucial to uphold a 1:1 deposit ratio with customer funds. Cryptographer Adam Back said that people shouldn’t get too excited about the development just yet. How to buy Tether (USDT) onlineAs Mosites explained, members stake swapped tokens to gain voting power, and a portion of the protocol fees goes into a reward pool for those participating in the decentralized governance of the DAO. AirSwap claims that since 2021, over 32 million AirSwap AST tokens from over 350 active members have been staked to the existing voter rewards system. The Zimbabwean gold-backed digital tokens are now an approved method of paying or settling domestic transactions, the head of the country’s central bank has said. In a statement issued on Oct. 5, John Mangudya, the governor of the Reserve Bank of Zimbabwe (RBZ), added that the digital tokens will also continue to act as a value preservation instrument.

“On the one hand, the hyped metaverse has kind of died down,” Narula said. “But a lot of the people we’re trying to solve problems for, they don’t care if we call it metaverse.” STORJ could enter further price gains if this exchange supply continues to dwindle. Philippines Regulator Warns Gemini Over Crypto Derivatives ExchangeAccording to data from EigenPhi, the Ethereum Foundation's transaction was targeted by an MEV Bot (0x00...6B40). This bot, capitalizing on the opportunity, managed to make a neat profit of U.S. $4,060 after covering its costs. Source: Blockworks Analytics

"ETH’s underperformance is likely due to the ongoing impact of the bear market, which historically has seen traders turn to BTC, the oldest and largest crypto asset. ETH spot trade volume has also stayed mostly flat over the past two months, only spiking above $2bn a handful of times," Kaiko's research team said in a weekly note to subscribers on Monday. “We wanted to produce a front end that projects can take for themselves, configure, and run on their own,” Mosites said. “So they have their own decentralized NFT marketplace for their collections that their communities can rally around.” 3 Steps for Beginners to Start Day Trading CryptoThe SEC did not immediately return a request for comment. The Dutch regulatory landscape, characterized by strong yet transparent regulations, has attracted global players while simultaneously maintaining the integrity of the financial system. Crypto.com’s recent approval in the Netherlands is a testament to the country’s status as a strong and welcoming market for cryptocurrency enthusiasts and businesses.

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