Cryptocurrency Market is likely to reach $12.10 billion by 2030 Globally at a CAGR of 11.9 - cyptoranking.com

2024-05-03

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Proof of Play released a closed beta of its first game, Pirate Nation, in December 2022. “The validators can keep the entire state of the order book in their respective memories,” he says, thus furthering decentralization. “But you don’t actually have to add anything to the consensus state of the chain until a trade happens.” Cryptocurrency Market is likely to reach $12.10 billion by 2030 Globally at a CAGR of 11.9The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%.One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange Commission delayed its decision on all spot Bitcoin exchange-traded fund (ETF) applications. However, this has not dented the expectations of analysts. In a recent note, JPMorgan analysts said that the regulator will eventually approve several Bitcoin ETFs.Daily cryptocurrency market performance. Source: Coin360The short-term price action in Bitcoin remains in flux, but that has not deterred the long-term investors who have held onto their stockpile. Glassnode data shows that the currently mined supply dormant for three years or more has hit a new high of 40.538%.Could Bitcoin break out of its range in the next few days? What are the important levels to watch out for? Let’s analyze the charts to find out.S&P 500 index price analysisThe S&P 500 index broke above the moving averages on Aug. 29, indicating that bulls have started a strong relief rally. SPX daily chart. Source: TradingViewIf buyers sustain the price above the moving averages, it will suggest that the sentiment remains positive and traders are buying on minor dips. That will enhance the prospects of a rally above the overhead resistance at 4,607. If this level is conquered, the index will try to rise to 4,650 and subsequently to 4,800.Resuming the uptrend is likely to be a difficult task, as the bears will try to yank the price below the moving averages. If they do that, the pair may slump to the strong support at 4,325. The bears will have to break this level to start a new downtrend. U.S. Dollar Index price analysisThe U.S. Dollar Index (DXY) bounced off the downtrend line on Aug. 30 and 31, indicating that the bulls have flipped the level into support.DXY daily chart. Source: TradingViewThe bulls will next try to propel the price above 104.45 and start a rally to the overhead resistance at 106. This level is likely to witness aggressive selling by the bears because a break above it will indicate that the downtrend may be over. The index could then rise to 108. The important support to watch for on the downside is the downtrend line. If this support crumbles, the index may descend to the 50-day simple moving average (SMA) (102.41) and eventually to the critical support at 100.82. Bitcoin price analysisBitcoin is trading near the support of the large range between $24,800 and $31,000. When the price trades inside a range, bulls generally purchase the drop near the support and sell close to the resistance.BTC/USDT daily chart. Source: TradingViewThe $24,800 level will witness an intense battle between the bulls and the bears. If this level gives way, the selling is likely to accelerate, and the BTC/USDT pair could nosedive to the crucial support at $20,000. There is a minor support at $24,000, but it may not hold for long. Another possibility is that the price turns up from the current level. If bulls surmount the barrier at $26,833, the pair could accelerate to the 50-day SMA ($28,221). Such a move will suggest that the pair may extend its stay inside the $24,800–$31,000 range for even longer. Ether price analysisEther (ETH) dipped below the strong support at $1,626 on Sept. 1, but the long tail on the candlestick shows solid buying at lower levels.ETH/USDT daily chart. Source: TradingViewThe bulls are trying to salvage the situation but are struggling to start a rebound. This suggests a lack of demand at higher levels. Both moving averages are sloping down, and the RSI is in negative territory, indicating that the bears remain in command.If sellers drag the price below $1,600, the ETH/USDT pair could dive to the Aug. 17 intraday low of $1,550. This is the pivot level in the near term because a fall below it may open the gates for a decline to $1,368.The first sign of strength will be a break above the 20-day exponential moving average (EMA) ($1,684). The pair could then rise to the overhead resistance at $1,750.BNB price analysisBNB (BNB) has been trading below the breakdown level of $220 for the past few days, but the bears have not been able to build upon their advantage. BNB/USDT daily chart. Source: TradingViewThe failure to sink the price below the psychological level of $200 could embolden the bulls who will try to start a recovery. The first hurdle on the upside is at $220 and then at the resistance line. Buyers will have to thrust the price above the resistance line to indicate that the downtrend may be ending.Contrarily, if the price turns down and breaks below $200, it will suggest the start of the next leg of the downtrend. The BNB/USDT pair then risks sliding to the next major support at $183. XRP price analysisThe bears yanked XRP (XRP) price below $0.50 on Sept. 1, but they could not sustain the lower levels, as seen from the long tail on the day’s candlestick. XRP/USDT daily chart. Source: TradingViewThe bears kept up the pressure and have not allowed the bulls to start a strong rebound off the $0.50 level. This increases the possibility of a downside break. If that happens, the XRP/USDT pair is in danger of plunging to $0.41.Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA ($0.53), it will signal that the bulls are attempting a comeback. The pair may then shoot up to $0.56. Buyers will have to overcome this barrier to indicate the start of a new up-move to $0.65.Cardano price analysis Cardano’s ADA (ADA) has been consolidating between $0.24 and $0.28 for the past few days, indicating indecision between the bulls and the bears.ADA/USDT daily chart. Source: TradingViewThe downsloping 20-day EMA ($0.26) and the RSI below 38 suggest a slight advantage to the bears. If the price turns down from the 20-day EMA, the likelihood of a drop to $0.24 increases. A break below this level may start the next leg of the downtrend to $0.22 and subsequently to $0.20.Contrarily, if bulls push the price above the 20-day EMA, the ADA/USDT pair could challenge the resistance at the 50-day SMA ($0.28). If this level is scaled, the pair is likely to rise to $0.32.Related: Bitcoin ETF applications: Who is filing and when the SEC may decideDogecoin price analysisBuyers tried to push Dogecoin (DOGE) above the 20-day EMA ($0.07) on Sept. 2, but the bears held their ground. DOGE/USDT daily chart. Source: TradingViewThat keeps the DOGE/USDT pair stuck between the 20-day EMA and the important support at $0.06. The downsloping 20-day EMA and the RSI in the negative zone indicate an advantage to sellers. If the price breaks below $0.06, the selling could intensify, and the pair may plummet to the next support at $0.055.If bulls want to prevent the decline, they will have to quickly drive the price above the 20-day EMA. If they succeed, the pair can jump to the 50-day SMA ($0.07) and later surge to $0.08.Solana price analysisSolana’s SOL (SOL) is in a strong corrective phase. Buyers are trying to start a relief rally, but it is likely to face selling at the downtrend line.SOL/USDT daily chart. Source: TradingViewIf the price turns down sharply from the current level or the downtrend line, it will suggest that the sentiment remains negative and traders are selling on rallies. That may pull the price to $18.32 and thereafter to $16.This negative view could be invalidated in the near term if bulls kick the price above the downtrend line. The SOL/USDT pair can then attempt a rally to $22.30, where the bears will likely mount a strong defense.Toncoin price analysisToncoin’s (TON) rally has stalled near the overhead resistance at $2.07, but a minor positive is that the bulls have not ceded much ground to the bears. This suggests that the bulls are holding on to their positions. TON/USDT daily chart. Source: TradingViewThe overbought levels on the RSI suggest a possible correction or consolidation in the near term. The important support to watch on the downside is the 20-day EMA ($1.61) because a break below it could drag the price to $1.53 and later to the 50-day SMA ($1.40).On the upside, the bulls will have to clear the hurdle at $2.07. If they manage to do that, the TON/USDT pair could indicate the resumption of the uptrend. The pair may then attempt a rally to the $2.40–$2.60 overhead zone. 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. Ethereum price dipped to the $1,550 range before a quick pullback to $1,570 but prospects for more losses remain.

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Source: Santiment Related: Play-to-earn games are the reason ‘real’ gamers hate crypto: Atari founder What is the lowest amount to invest in crypto?The English Premier League’s Tottenham Hotspur said last week it would issue its Spurs Tank Token on Chiliz Chain via Socios. Expected to soon list on major global exchanges, the token could be purchased for $2 a piece via a Fan Token Offering (FTO) that took place Wednesday. Source: TradingViewThe Terra Luna Classic price has dropped by 3% in the past 24 hours, with its fall to $0.00005928 leaving the altcoin in 100th place in terms of cryptocurrency market cap rankings.LUNC is also down by 3.5% in the past week, and while it's actually up by 3% in the last 14 days, it remains down by 1% in a month and by 81% in the last year.Such falls point to a longer term decline which has taken hold of LUNC in 2023, with the coin's community struggling to make progress in boosting its price and that of its related stablecoin, USTC.This likely means that LUNC will continue dropping from here on out, yet if a serious course of action can be taken to boost its ecosystem and price, then it could potentially rally once again.Terra Luna Classic Price Prediction as LUNC Falls to 100th Place in Coin Rankings – Is It All Over?After riding the market's recovery on Monday, LUNC is declining once again, with its technical indicators responding accordingly.Source: TradingViewIts relative strength index (purple) has dropped from 60 a few days to nearly 40 today, and it could continue dropping before the coin becomes oversold in comparison to recent price movements.Also showing signs of weakness is LUNC's 30-day moving average (yellow), which is struggling to rise again despite seemingly flatenning out in the past week, with the average also still well below the coin's longer term 200-day average (blue).Such signals should be concerning, and it will therefore be interesting to see whether LUNC's current short-term support level (green) can resist a fall below $0.0000590.If it does drop below this level, then further falls are likely to be incoming, something already suggested by the fact that LUNC's longer term support level has been declining consistently over the entire year.It really does seem that the wider market has lost interest in LUNC, which has seen a number of accepted governance proposals fail to make a big impact on its price in recent weeks and months.The latest Terra Luna Classic proposal up for voting relates to a plan to fund an experienced team of developers, who would aim to implement a detailed roadmap of improvements and bring "value to the Terra Classic blockchain so that we can help push this chain where it deserves to go."However, it seems that many important validators and community members are voting against it, with some arguing that it's not a realistic plan.This is telling, because if active members of the community don't believe such plans are realistically achievable, then an outside could ask: what hope for Terra Luna Classic and LUNC going forward?A pessimist's answer would be: none.Of course, it's arguably encouraging to see that people are still seriously debating how to reboot Terra Luna Classic, so it may be premature to suggest it can never recover.But for now, it may continue falling for the next few months, unless a real plan can be put into action.New High-Potential AltcoinsGiven LUNC's problems at the moment, most traders are likely to be better off buying into other altcoins, with several new presale coins looking like they're in a good position to rally when they list.One clear example of such a coin is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that will enable ordinary investors to mine Bitcoin simply by staking its native token.Bitcoin Minetrix has impressively raised just over $400,000 in barely a couple of weeks, providing a clear sign of just how enthusiastic investors are for the new project.And the reason they're becoming increasingly enthusiastic is that Bitcoin Minetrix's platform will enable users to stake their Ethereum-based BTCMTX tokens in order to receive tokenized mining credits, which can then be used to buy hashpower for Bitcoin mining.By doing this, holders and stakers will be able to receive actual BTC as a reward for their contributions, with Bitcoin Minetrix's platform set to make Bitcoin mining much more accessible to much more people.This is why people are already going for its presale in a big way, with the sale being allocated 1.4 billion BTCMTX tokens, out of a total maximum supply.New buyers can join the token's presale by going to the official Bitcoin Minetrix website, where 1 BTCMTX currently sets you back only $0.011. This price will rise with each successive stage of the sale, and will eventually reach $0.01190000 by the time the sale closes, although it could easily rise much higher once the coin lists.Visit Bitcoin Minetrix 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.Litecoin Price Prediction as LTC Spikes Up 2.9% – Here are Key Levels to Watch

An Ordswap team member on Discord claimed the project had not seen an impact on user private keys or assets due to the breach but added users could be compromised if they interacted with the site. “They realized we were doing what they were trying to do, but we were doing it better and at a fraction of the cost. And so this was kind of this real sort of Web3 awakening for Pfizer,” White said. What is the best Ethereum wallet?U.S. economy and stocks A U.K. committee that consists of members from different political parties wants the nation’s government to work with non-fungible token marketplaces to address copyright infringement and introduce a code of conduct to better protect creators, according to a report released Wednesday.

Investors are anticipating a massive rally in BTC price to a new all-time high (ATH) after the much-awaited Bitcoin halving in mid-2024. Historical data indicates that BTC price typically starts moving higher after halving. Analysts have also predicted a massive upside momentum in Bitcoin as the halving date comes near. Fridman asked Zuckerberg about some of the challenges and controversies that Meta faces, such as censorship, privacy, security, mental health, and competition. Zuckerberg acknowledged that Meta has a lot of responsibility and accountability for its impact on society and individuals, and that it is constantly trying to improve its policies and practices. He also said that he welcomes constructive criticism and feedback from users, regulators, and experts. Which ATM to use in Brazil?With the latest development in Bankman-Fried's case, what is the best crypto to buy now? / Image by cryptonews.comNew details came to light on October 10 in the ongoing trial of former FTX CEO Sam Bankman-Fried. Caroline Ellison, Bankman-Fried's ex-girlfriend and former head of affiliated firm Alameda Research, took the stand to deliver key testimony for the prosecution.With the latest development in Bankman-Fried's case, what is the best crypto to buy now?In her statements to the court, Ellison admitted to criminal actions during her leadership of Alameda. Crucially, she also directly implicated Bankman-Fried in systematically misusing billions of dollars in FTX customer funds.According to accounts, Ellison claimed Bankman-Fried "set up the systems" that enabled Alameda to improperly divert customer assets from FTX to Alameda's investment activities. She stated that under Bankman-Fried's direction, Alameda "took several billions of dollars from FTX customers."Ellison's testimony provides critical backing for the prosecution's charges of fraud against Bankman-Fried. Her statements portray him as the driving force behind Alameda's alleged misuse of customer funds, while she cooperated in misleading actions.FTX collapsed in November 2022. Bankman-Fried faces seven criminal charges related to the alleged fraud scheme. He pleaded not guilty on all counts.Ellison was among the first insiders to plead guilty and agree to testify for authorities. As the trial continues, it's uncertain whether Bankman-Fried himself will take the stand to rebut her account.While the FTX drama continues in the courts, crypto investors seeking opportunities might want to consider researching Tezos, Bitcoin Minetrix, Cosmos, Meme Kombat, and XDC Network.These cryptocurrencies are currently staking their claim as the best to buy now, thanks to their strong fundamentals and/or positive technical analysis.Tezos (XTZ) Price Holds Ground in Trading Range Amidst UptickSource: TradingView / XTZUSDTThe XTZ price has seen a slight uptick today, gaining 6.02% to trade around $0.687. However, despite testing the 100-day EMA earlier, XTZ has returned to the trading range it has been stuck in for over 50 days now.With the 20-day EMA at $0.674 and the 50-day EMA at $0.691, the XTZ price is sandwiched between these two key exponential moving averages.The RSI currently stands at 53.17, up from yesterday's 41.17. This shows gathering bullish momentum in the XTZ price. However, with the RSI still below 70, XTZ is not yet in overbought territory.The MACD histogram is printing at 0.001, just narrowly avoiding a bearish crossover from yesterday's 0. This indicates the bullish sentiment is fragile and could easily swing negative.In terms of volume and market cap, things are looking better for XTZ. Market cap is up 6.23% to $657.4 million, while 24-hour volume is surging by over 700% to $124.2 million. This points to renewed interest in trading the cryptocurrency.With the XTZ price at $0.687, bulls are facing initial resistance at the 20-day EMA of $0.674. Above that, the 50-day EMA at $0.691 and the key $0.730 to $0.741 resistance zone will be the levels to watch. Breaking out above $0.741 would confirm a breakout from the long-term trading range.On the downside, immediate support lies between $0.629 to $0.636. If this gives way, the XTZ price could enter price discovery mode to the downside.While the uptick in price and volume is encouraging, the XTZ price remains stuck in limbo between key moving averages. A decisive breakout above resistance or breakdown below support is needed to signal the next trend.Traders may want to await this catalyst before making major commitments in either direction.Bitcoin Minetrix Raises Over $920,000 in Presale, Redefining Crypto MiningWith smart automation and tokenization, Bitcoin Minetrix is disrupting cloud mining as the best crypto to buy now.This audited platform has raised over $950,000 so far in its ongoing presale, letting users earn yields from Bitcoin mining without the typical mining risks.Bitcoin Minetrix provides a scam-free way to earn from Bitcoin mining, using smart contracts to automate the process.The native token, $BTCMTX, is currently in presale with the first stage ending October 16. Over half of the allotted 1.54 million tokens for this stage have already sold at the lowest price of $0.011.In contrast, the questionable MineLab coin has seen massive price fluctuations after launching on decentralized exchanges. While Bitcoin Minetrix has passed an audit by Coinsult, MineLab has not provided any audits.DEXTools has detected issues allowing the MineLab contract owner to modify user balances, opening the door to potential rug pulls. Multiple users have already reported emptied balances.There are several other red flags around MineLab. No locked liquidity, anonymous developers with only a Gmail address, and vague promises of mining yields. The MineLab website appears hastily thrown together with fake buttons and no specifics on operations.Bitcoin Minetrix sets itself apart with an audited contract, public team information, and a clear staking model for earning yields up to 650% APY as of writing.A total of 4 billion tokens will be minted, with 7.5% allocated to stakers. Users can earn from both staking rewards and future mining yields.The project has also partnered with leading cloud mining providers to deliver on its roadmap. The team's transparency and attention to detail have garnered praise from crypto influencers on YouTube and beyond.With the infrastructure in place for secure and passive Bitcoin mining, Bitcoin Minetrix proves itself as the best crypto to buy now.The takeaway is clear - newcomers like MineLab may promise the moon but lack substance. Meanwhile, Bitcoin Minetrix offers a compliant, audited way to participate in Bitcoin's growth.For investors seeking passive income and crypto diversification, this forward-thinking platform is the clear choice in the highly competitive Bitcoin mining scene.Visit Bitcoin Minetrix NowCosmos (ATOM) Price Stuck Below Resistance at $7, Facing Downside PressureSource: TradingView / ATOMUSDTThe ATOM price has been struggling to regain momentum after its recent selloff. ATOM is currently trading at $6.707, down 1.83% on the day. With the price well below key EMA levels, ATOM remains in a bearish state according to the EMAs.The 20-day EMA for the ATOM price stands at $6.990, while the 50-day EMA sits at $7.229. With the ATOM price below both these short and long-term EMAs, this indicates sustained downward momentum. The widening gap between the EMAs shows increasing negative sentiment.The RSI is currently at 40.23, down from yesterday's 43.32. This shows fading bullish momentum and the potential for further ATOM price declines. A reading below 30 would indicate oversold conditions and potential for a corrective bounce.The MACD histogram is at -0.034, decreasing from yesterday's -0.22. The growing negative value reinforces the bearish momentum pervading the ATOM market currently.With the ATOM price down 1.83% so far today to $6.707, the ATOM price remains stuck below the key $7 level which has acted as resistance over the past few days.In terms of potential price levels, ATOM faces immediate resistance between $6.955 to $7.004. This zone aligns with the Fib 0.5 level at $6.98 and the 20-day EMA at $6.990. Breaking above this area could signal a bullish shift in momentum.On the downside, ATOM has immediate support between $6.574 to $6.692, along with the Fib 0.786 level at $6.586. Losing this support could see ATOM retest the psychological $6 level, with the $5.80 region representing the next major downside target.With technical indicators painting a bearish picture, traders may want to wait on the sidelines for a definitive shift in momentum before entering new ATOM positions.Cautious trading focused on defined risk limits is recommended until ATOM can regain the key $7 resistance or holds above vital support. The coming days will be pivotal in determining if this is just a pullback within an uptrend or the start of a deeper bearish move.Meme Kombat's $MK: The Best Crypto to Buy Now for Crypto Gaming EnthusiastsThe best crypto to buy now might just be $MK, the native token powering the hot new Meme Kombat gaming platform gaining traction in the Web3 space.Meme Kombat brings decentralized, blockchain-based gaming to meme coin enthusiasts, promising a one-of-a-kind experience built on Ethereum. Meme Kombat’s $MK token presale has attracted major hype, raising over $430,000 within days of its launch.The presale offers the $MK token at a discounted price of $1.667 per token, translating to a modest $20 million market cap for one of 2023's biggest crypto presales. Meme Kombat has established a fundraising goal of $10 million, allocating 50% of the total supply to the presale.At its core, Meme Kombat is an AI-driven gaming platform enabling users to wager on battles between characters representing trendy meme coins.Gamers can choose between direct betting, player vs. player, and player vs. game betting options, providing flexibility. Meme Kombat leverages blockchain to ensure transparency in its gaming operations.The $MK token is integral to Meme Kombat’s GameFi and GambleFi components. $MK stakers stand to earn yields of up to 112% APY as of writing. Presale buyers start generating passive income immediately as their newly acquired tokens enter the staking contract upon purchase.With a wildly successful presale fuelling momentum, Meme Kombat seems poised for potential major exchange listings later this year.Given the project’s strong fundamentals and growth roadmap, the $MK token may be the best crypto to buy now for investors keen to participate in Meme Kombat’s crypto gaming ascent.Visit Meme Kombat NowXDC Continues to Bleed Lower, Down 8.42% So Far in OctoberSource: TradingView / XDCUSDTThe XDC price continues to face selling pressure, with the cryptocurrency down 0.83% so far today to trade around $0.04874. This extends the slow bleed lower that XDC has experienced for much of the past month, with the coin now down 8.42% so far in October.From a technical perspective, the near-term outlook remains bearish for the XDC price. The 20-day EMA currently stands at $0.05040 while the 50-day EMA resides at $0.05206. With XDC trading firmly below both moving averages and the EMAs beginning to align in a bearish formation, this points to continued downside ahead.The RSI indicator sits at 41.54, drifting lower from yesterday's 42.75 reading. With the RSI below the 50 midpoint, this signifies prevailing negative momentum and limited upside potential. The MACD histogram now prints at 0.00007, a decrease from the prior day's 0.00010 level. The deteriorating MACD further cements the building downside trajectory for XDC.In terms of key levels, previous long-term support between $0.05003 and $0.05048 that has now flipped into resistance, along with the 20-day and 100-day EMAs, will look to halt any XDC bounce. Only a decisive break back above this area would turn the tide.On the downside, initial support holds between $0.04319 and $0.04558, with the Fib 0.236 level at $0.04455 offering confluent support. But failure here could open up a test of the swing low around $0.03667.With XDC still struggling below former support, the path of least resistance appears lower. Remaining defensive and capitalizing on oversold bounces seems prudent until the bulls can invalidate the series of lower highs and lows.Disclaimer: 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.TG.Casino Review, Bonuses & Promo Codes 2023 Despite Amazon Web Services' dominance, the cloud services market is highly fragmented, with multiple providers catering to a wide range of consumer needs. Different suppliers thrive in different areas, such as providing specialized services, industry expertise, or unique geographic coverage.

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