Cryptocurrency user distribution in Turkey in 2020, by age - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
Image: cyptoranking.com

7. Bear Kraken Explores Stock and ETF Trading, A First for Crypto Exchanges Cryptocurrency user distribution in Turkey in 2020, by ageDEXTools Logo / Source: DEXTools TwitterThe bullish momentum in the crypto market has stalled somewhat on Friday as major coins like Bitcoin (BTC) and Ether (ETH) run into important short-term resistance levels.Bitcoin was last in the $26,400s, still up nicely for the week, but slightly lower on Friday after the cryptocurrency failed to get above a downtrend from the early August highs.Ether, meanwhile, was last near $1,620 having failed to break above its 21DMA.A further dump of generally strong US economic data on Friday (the Empire State Manufacturing Index and Industrial Production reports both exceeded expectations), which comes after Thursday’s strong Retail Sales figures and hotter-than-expected inflation numbers from earlier in the week, have pushed US yields back towards multi-decade highs.That’s triggering downside in the US stock market, with traders betting on higher interest rates for longer from the US Federal Reserve, which is also likely weighing somewhat on crypto sentiment on Friday.With major coins stuck below key resistance levels amid macro headwinds, traders continue to turn to the shitcoin/meme coin markets for better trading opportunities.Here are some of the best-performing low-cap coins on Friday, as per DEXTools.XDOGE ($XDOGE)A new Dogecoin copycat called XDOGE ($XDOGE) is pumping on Friday after a strong start to life on Thursday.As per DEXTools, the shitcoin is up more than 400% in the last 24 hours, making it a top performer.$XDOGE’s market cap was last just over $300,000, with liquidity of around $240,000 and impressive 24-hour trading volumes of around $1.7 million.The token has now been able to accumulate nearly 450 holders.While DEXTool’s security audit hasn’t identified any problematic aspects to the token’s contract, the fact that liquidity remains unlocked means the token could still be a rug pull.EmotiCoin ($EMOTI)A shitcoin called EmotiCoin ($EMOTI), which claims to be the first “elastic supply token” that reduces its supply by 20% every 4 hours, continues to rise in price.Continued price pumps have been able to attract lots of investors, with the token’s market cap having now been pushed higher to around $3.76 million, with over 1,700 holders.The token has over $230,000 in locked liquidity and only four alerts as per DEXTool’s security audit.These include a 5% buy and sell tax, which will disappear after 14 days, according to EmotiCoin’s website.MoonDAO ($MOONY)$MOONY, the token of the MoonDAO which proclaims to be on a mission to decentralize space, has pumped on Friday, marking one of its biggest ever one day moves since its launch in early 2022.$MOONY’s market cap was last around $3.5 million, with over $300,000 in liquidity.The latest price spike hasn’t been accompanied by a big surge in trading volumes, with 24-hour volumes only around $27,000, which should be a worry for the bulls that the recent move higher lacks real conviction.Crypto Alternatives to ConsiderShitcoins are very risky, given most have no real value proposition.For those looking for an even better probability of near-term gains, an alternative high-risk-high-reward investment strategy to consider is getting involved in crypto presales.This is where investors buy the tokens of up-start crypto projects to help fund their development.These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.If an investor can identify such projects, the risk/reward of their presale investment is very good.The team at Cryptonews spends a lot of time combing through presale projects to help investors out.Here is a list of 15 of what the project deems as the best crypto presales of 2023.See the 15 CryptocurrenciesDisclaimer: 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.VanEck's Ethereum Strategy ETF on Track for CBOE Listing Wang is expected to finish his testimony later Tuesday, to be followed by Caroline Ellison, the former head of Alameda Research who is also Bankman-Fried’s ex-girlfriend. Both Wang and Ellison have pleaded guilty and are cooperating with investigators.

Exchange Rankings Crypto
Image: cyptoranking.com

Pros: Acel seeks to streamline Web3 payment processes by creating a similar experience to PayNow or PayLah, online services heavily used in Singapore to make payments, complete purchases, and send money. Though third-party apps, they’re natively integrated with the real-time payment system developed by the Association of Banks in Singapore. Top 5 Decentralized Exchanges on Arbitrum: The Future of ...Voting From January 1 to September 1, the total trading volume for Ordinals on Bitcoin reached $596.4 million. That makes Bitcoin the third most popular network for NFT trading by volume, trailing Ethereum and Solana. Interestingly, the activity surrounding Ordinals has resulted in the most extended period of uncleared pending Bitcoin transactions since the start of 2021.

Silva wrote that with Binance being accused of regulatory non-compliance in numerous other jurisdictions, in Brazil, Binance’s operations were “surrounded by suspicion.” 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. Crypto Market Forecast: Week of June 19th 2023Integral to the AirSwap ecosystem is the AirSwap DAO (decentralized autonomous organization). A DAO is a business structure where control is spread out amongst members. Like DEXs, DAOs use smart contracts, with participants using governance tokens to vote on topics such as fund allocation. 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.

Ripple has been engaged in a battle with the Securities and Exchange Commission, with the regulatory agency suing the company. A trial is slated for next year. Pudgy Penguins Extension Lil Pudgy Floor Price Up Crypto Taxes in South Africa: The Ultimate Guide (2023)“The problem with betting on games being the catalyst for blockchain and crypto is [that] good games take a very long time to make,” he says, “and this has gotten harder over the years.” Ledger hardware wallet. Source: Mingis / AdobeIn a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history.According to a Wired report from Monday, Kumanan Ramanathan, an adviser to FTX from consulting firm Alvarez & Marsall, demonstrated quick thinking and courage, saving millions of dollars in cryptocurrency assets.Once a major exchange valued at $32 billion, FTX had recently declared bankruptcy due to financial troubles when an unidentified group of thieves targeted the exchange’s wallets just as new management took the helm.This theft could be seen by everyone on Ethereum blockchain explorer Etherscan as it happened.Amid the chaos, a Google Meet call was convened, bringing together FTX's remaining team members, bankruptcy lawyers, advisers, and consultants, but a major hurdle to sort out the situation was that only a handful of FTX's top executives has knowledge about how and where the exchange’s digital assets were stored.As a stopgap measure to protect the remaining funds, the participants in the call inquired if anyone had a hardware wallet.Kumanan Ramanathan, who had his Ledger Nano hardware wallet on him, volunteered for the task and set up a new wallet to secure the assets, a move that turned out to be pivotal for the exchange.Once Ramanathan had secured the assets on his own hardware wallet, FTX reached out to its crypto custodian BitGo to establish a more professional structure with secure cold storage for the remaining assets.While BitGo prepared these wallets, FTX staff members moved the remaining funds, effectively halting further theft.By the end of the night, Ramanathan was safeguarding between $400 and $500 million worth of crypto on his Ledger, the Wired report said, noting that the consultant’s actions played an indispensable role in preserving remaining assets for the bankruptcy estate.FTX ultimately suffered losses between $415 million and $432 million in crypto during the hack.Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report

Have an opinion on this story? Share it!