Where to invest $5,000 right now? - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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Table of contentsWhat is Decentralized Application (dApps)?How are Decentralized Applications different from software applications? Scope of DAppsDApps are used to Some industries that employ dApps areAdvantages and Disadvantages of dAppsPros:Cons:Top 5 Most Popular dApps Available Now1. UNISWAP2. PANCAKE SWAP3. AAVE4. OPENSEA5. RARIBLEThe Future of Decentralized Applications or dApps Source / Sam Cooling x PlacidPalacePolygon (MATIC) crypto price has sunk -6% amid broader de-risking in markets, triggered by the conflict between Israel and Hamas - but with MATIC price trading low - is Polygon going to zero?This comes just a week after co-founder Jaynti Kanani revealed he was leaving Polygon ahead of the highly anticipated Polygon 2.0 to explore "new adventures".A major down-shift for Ethereum - which fell below $1,600 yesterday - could be the trigger for the latest drop.MATIC Price Analysis: Can Polygon Recover From -6% Drop?As price action finds relief from localised retracement, MATIC is currently trading at a market price of $0.53 (representing a 24-hour change of +0.34%).The recent -6% slide came as MATIC rejected from consolidation around $0.55 - in a tumultuous tumble that saw price crash down through the 20DMA (which stands at $0.53).TradingView / MATIC USDTWhen MATIC last fell below this moving average support, the 20DMA created a 66-day long period of upside resistance - highlighting the significance of the recent return below the MA.As for the 200DMA - a level untouched by Polygon since April 30 - it remains high above ongoing price action at $0.76.Polygon's indicators surprisingly remain bullish despite the downside move.The RSI has cooled-off during the -6% drop, flipping from bearish divergence to a bullish 45.7 - which reflects the now over-sold sentiment surrounding MATIC.While the MACD maintains minor bullish divergence at 0.0009 - signalling appetite for MATIC at these levels.Overall, Polygon appears weak here, more than a week of consolidation above the 20DMA failed to crack upside resistance at $0.60 - and with price now stuck back below the moving average - further downside seems likely.TradingView / MATIC USDTThis leaves MATIC with an upside target at $0.60 (a possible +13.64%).While downside risk could see MATIC fall to the lower trendline at $0.50 (a possible -5.3%).Polygon's risk: reward ratio therefore stands at 2.57 - a strong entry that suggests Polygon is not going to zero.But while Polygon bag-holders are strapped in for a rocky ride, a new meme coin has emerged with the potential to rival PEPE and SHIB.Meme Kombat (MK): The Next Big Sensation in Meme Coin Space?Source / Meme KombatMeme Kombat (MK) has recently hit the crypto scene and is quickly becoming a sensation, with a fresh and innovative stake-to-mine system, it's gathered an impressive $431,000 in its presale event alone.Powered by AI, Meme Kombat introduces battles between popular meme characters, allowing rival crypto users to wager using its native ERC-20 token, MK.This meme coin is set to redefine the meme coin space, potentially rivalling giants like Pepe and SHIB with its engaging approach and promise of playing on crypto community divisions.Source / Meme KombatWhat Makes Meme Kombat Stands Out?Unique Gaming Mechanism: Beyond simple trading, Meme Kombat offers users an interactive gaming experience. Users can bet on their favorite meme characters in Player vs Player or Player vs Game matchups.Incentivized Staking: Keeping user engagement at the forefront, 30% of MK's total supply is designated for staking rewards, motivating long-term investment and platform interaction.Gaining Rapid Traction: Even before its official launch, the growing interest in Meme Kombat is evident. Their presale has already garnered a notable $310,000, with anticipation building for its listings on major decentralized exchanges like Uniswap.Backed by a Robust Team: Under the leadership of the experienced founder Matt Whiteman, and with an audited smart contract by Coinsult, Meme Kombat guarantees both innovation and security.Promising Roadmap: With plans for platform launch in late Q3 2023, the project promises continuous enhancements. Each new season aims to introduce novel characters and gaming modes, ensuring user engagement remains high.Considering the current traction, innovative gaming approach, and a solid roadmap, Meme Kombat indeed showcases the potential to join the likes of Pepe and SHIB - especially as the GambleFi and GameFi narratives continue to grow.As the meme coin community eagerly awaits its full-fledged launch, the MK presale offers a golden opportunity for early-bird investors.Join the revolution and be part of the next meme coin sensation (stay tuned with the MK Telegram)!Buy Meme Kombat HereDisclaimer: 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.As Snorlax Token Surges By 500%, This Hidden Crypto Treasure Garnered $850,000 – Ready to Explode? Where to invest $5,000 right now?Jones’ voice joins a chorus of Bitcoin bulls, who see beyond the immediate tumult, envisioning it in the face of earthly conflicts.Lightning Network Growth Is a ‘Shock‘, Says Bitcoin Analyst He taught himself to paint with videos and books, building on childhood museum visits.

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However, implementing this proposal required sacrificing a significant portion of liquidity pool tokens. Investors initially panicked, resulting in a 4% price drop in just hours. Image: Hash TelegraphExit Scam Shakes BSC as Hacker Makes Away with $1.11M Understanding Notional Value and How It WorksThis comes on the heels of a $24 million investment plan to bolster operations in the country’s tech hub, Gurgaon. Bitcoin.com News reported four days ago that despite this escalated difficulty height, bitcoin miners have not been discouraged, and the hashrate remains above the 400 exahash per second (EH/s) range. As of October 3rd, Bitcoin’s seven-day simple moving average (SMA) for hashpower is 412 EH/s, following the increase in difficulty.

An impressive comeback Custodial Users Dominate Are derivatives traded on BSE?As of this week, gasless transactions will be turned off while the platform endeavors to respond to support messages. No bugs are expected to be fixed by its engineering team, while its platform will remain “freely available for use until the end of the month.” Bankman-Fried’s attorneys submitted a motion to the court late Monday night asking for permission to cross-examine government witness Gary Wang about how attorneys were involved in structuring and issuing loans from Alameda.

Blockchains today are reaching a point of convergence where previously competing ecosystems are looking at ways they can work together to scale the industry, argues one Cosmos founder. The BNB Chain has a dynamic ecosystem of its own. As everyone will eventually own it, the BNB token must be made accessible. Moreover, the formerly known Binance Coin, now the BNB token, acts as a governance token and is used for paying gas fees on the BNB Chain. London Stock Exchange to offer Bitcoin futures and optionsQuant price prediction highlights the fall of QNT crypto through a descending parallel channel over the daily time frame chart. QNT has been falling since April 2023 and has been looking for a desirable support to recover from the declining pattern. Buyers need to accumulate at a higher rate in order to push QNT upwards to register its breakout. However, volume change was below average and needs to grow intraday. Source: TradingViewThe Litecoin price remains up by 2.5% in the past week, although a fall this morning to $65.81 means that it has lost 2.5% in the last 24 hours.This current price also represents a 2.5% gain the last 30 days, with LTC having risen by 25% in the past 12 months.2023 has been something of a mixed year for Litecoin, however, with the cryptocurrency's halving failing to have much of a positive effect on its price.But with the token remaining oversold and undervalued, it could easily see gains in the next few weeks, particularly if the wider market continues to recover momentum.Litecoin Price Prediction as LTC Spikes Up 2.9% – Here are Key Levels to WatchLitecoin is currently at a pivotal position, in that it could go either way as far as its technical indicators are concerned.Source: TradingViewIts relative strength index (purple) is hovering around 50, having failed to clear 60, implying that it may lack the momentum to move any higher and could fall back down to 40 or 30 soon enough.At the same time, LTC's 30-day moving average (yellow) has straightened out and may begin rising towards its 200-day average (blue), something which would imply a rising price for the altcoin.Yet the market's dip in the past 24 hours has disrupted this kind of movement, with the 30-day also capable of falling further.As such, the ability of LTC's support level (green) to resist a drop below $65.50 will be vitally important in the next few hours.If LTC can resist such a drop, it may begin rising again, yet a fall could precipitate a steeper selloff.Whale activity can often provide a hint as to where a given cryptocurrency may end up next, yet it doesn't seem that larger traders have been doing much with LTC since the middle of September, when a couple of big LTC transfers were made to Binance.In other words, a lack of whale interest could mean that LTC slips further, unless we see another market-wide rally in the near future.In terms of fundamentals, not much has happened to Litecoin since its halving in early August, which resulted more in a steep selloff than a steep rally, much to the disappointment of LTC holders.And since then, Litecoin hasn't enjoyed anything in the way of adoption or development news, which perhaps partly accounts for why its price has struggled.Still, recent overselling could result in a big rebound in the next few weeks, with LTC potentially able to return to $70 in the next couple of weeks and to $80 or $90 by the end of the year.Diversification With High-Potential AltcoinsWhile LTC could take months to make a full recovery, traders may opt to diversify into newer altcoins in the meantime, with several presale tokens offering market-beating gains this year.One very promising new altcoin and presale token is TG.Casino (TGC), a casino platform that has garnered over $350,000 since opening its sale a couple of weeks ago.What makes TG.Casino interesting is that it will combine its online casino and gaming platform with a strong presence on Telegram, through which it will assemble and communicate with a growing community.This is a potentially fruitful strategy, in that adding a distinct social element to its gaming platform will help the latter to boast a stronger following than many of its rivals.Of course, it won't only be about social networks, with TG.Casino featuring a wide variety of online games and gambling experiences, with users able to win prizes and rewards in the form of its native TGC token.Promisingly, TG.Casino has actually already launched its platform, distinguishing it from many other presale coins that can go months or years without bringing an actual product or use case to the market.TGC will have a hard-capped supply of 100 million tokens, with 40% of this supply going to the presale, 20% going to staking rewards, 20% going to DEX liquidity, and 10% to gaming rewards (another 10% will go to marketing and affiliates).While the sale has already strong progress, new investors can join in by going to the official TG.Casino website, with 1 TGC costing $0.125 for the entirety of the sale.Given its strong fundamentals and use case, this price is likely to rise concertedly once the token lists on exchanges, which it's set to do towards the end of the year.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.Bitcoin SV Price Prediction as BSV Outperforms Bitcoin – Are Whales Now Moving to BSV?

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