Crypto Outlook For 2023 - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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Pirate Nation Web3 game. Source: Proof of Play "Make sure we do the right things" Crypto Outlook For 2023The Bitcoin-friendly country’s $1 billion renewable energy project made headlines earlier in 2023, with stablecoin issuer Tether among companies investing in the project that plans to generate electricity from renewable sources in El Salvador to power future Bitcoin mining operations in the country. Source / Sam Cooling x PublicDomainPicturesLeading crypto gold project Tether Gold (XAUT) has seen a +1% price increase amid bullish movements in underlying 1:1 gold prices (per troy Oz) - fuelled largely by increased geopolitical risk stemming from the developing Israeli confrontation with Hamas.Amid the violence, gold prices are experiencing an uptrend, trading near the $1,850 mark, primarily driven by the escalating military situation around Gaza - which if triggering heightened tensions across the Middle East.With global markets remain wary of potential geopolitical uncertainties that might have broader implications, investors are gravitating towards traditional safe-haven assets. Gold, revered as a dependable store of value during periods of geopolitical unrest, seems to be benefiting from this sentiment. As the conflict between Hamas and Israel continues to unfold and fears of it spreading to other parts of the region mount, there is an increasing demand for assets like Gold to offer protection.Economic Data Fuelling Gold GainsBalancing this, the US Dollar (USD) has shown resilience after the recent positive US Nonfarm Payrolls data, which reported a significant addition of 336,000 jobs in September, overshooting market projections. This job surge, paired with expectations of the Federal Reserve sustaining higher interest rates, has led to a rebound in US Treasury yields, with the 10-year bond yield nearing its highest since 2007 at 4.80%.Going forward, the market's focus is set to shift to the upcoming International Monetary Fund (IMF) meeting, which will discuss stabilizing international exchange rates and strategies for further development. Additionally, the US Core Producer Price Index will be under the spotlight later this week, providing key insights into inflationary trends and the overall health of the US economy.But how does this look for the leading 1:1 gold token XAUT?XAUT Price Analysis: Tether Gold Soars Over Gaza Geopolitical TensionsAmid the gold rally, XAUT is pushing higher into the trading channel, currently trading at a market crypto price of $1858 (representing a 24-hour change of -0.26%, and a +$2.19 premium over gold spot price).This comes following a strong +2.35% bounce out of the accumulation zone between $1775 and $1825, triggered last Thursday.TradingView / XAUT USDXAUT price action is now testing localised resistance from the 20DMA, which has prevented significant upside movements for two-weeks since September 25.A break-above the 20DMA would prime XAUT for a move up to reclaim $1,900 - a realistic scenario considering the fundamental tailwinds of the situation in Gaza.As for XAUT's indicators, the RSI is currently remaining at an oversold bullish signal at 43.55 - although it is worth noting the gradual increase on this indicator during the recent move.And the MACD confirms this bullish sentiment, with significant bullish divergence at 2.019.Overall, in light of developments in Israel over the weekend, XAUT seems primed to push up - pending a critical break-above the 20DMA.TradingView / XAUT USDThis leaves XAUT with an upside target at $1,900 (a potential +2.27%).While downside risk could see XAUT tumble to lower support at $1,850 (a possible -0.42%).XAUT therefore carries a risk: reward ratio of 5.38 - an immensely bullish entry characterised by a de-risking market shifting towards 'safe haven' assets. But while the market is leaning into safer lower return positions, lucrative opportunities are abounding - and one such project surging with interest is an emerging Telegram-based GambleFi project.TG.Casino's Presale: The Next GambleFi Sensation in CryptoSource / CryptoNews.comAmid the surging interest in Telegram trading bots and GambleFi, TG.Casino (TGC) has rapidly caught the market's attention, securing an impressive $670k in its presale in mere days. Unlike typical Telegram bot ventures, TG.Casino has uniquely combined the casino thrill with blockchain's decentralized benefits. Being a licensed casino that integrates with Telegram and its vast user base, it offers an unparalleled blend of accessibility and potential.What Makes TG.Casino Different in the GambleFi?Source / TG CasinoUser Experience: With thousands of live casino games, slots, and table games, along with a comprehensive sportsbook, TG.Casino promises a rich user experience. Add a 150% matched deposit bonus and 500 free spins to the mix, and you've got an unbeatable offer.Security: Users can trust the platform, thanks to encryption that protects data and funds against potential threats.Token Utility: The $TGC token lies at the heart of the TG.Casino ecosystem. Not only does it power instant transactions, but it also holds various utilities, like being exchanged for gaming credits or other cryptos.Staking & Rewards: The presale shines with a staggering 3,446% staking APY. Given that over a million tokens were staked on day one of the presale, it's clear that the excitement is real. A buyback mechanism further ensures price stability and consistent rewards.Participation: To join, head to TG.Casino's official website, set up an ERC-20 compatible crypto wallet, purchase ETH or USDT, and follow the on-site steps to buy $TGC. Once the presale concludes, you can claim your tokens during the Token Generation Event.Bright Future: With well-thought-out tokenomics and an incredible 3,446% APY, TG.Casino is setting the stage for monumental success in the GambleFi sector.In conclusion, the TG.Casino presale represents not just an opportunity but an invitation to the future of GambleFi on Telegram.Buy $TGC 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.17 Best Altcoins to Buy in 2023

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Valkyrie Investments receives SEC approval to launch the first Ethereum futures ETF in the United States.Photo by Zoltan Tasi on UnsplashToday, Nashville-based asset management firm Valkyrie Investments secured approval from the U.S. Securities and Exchange Commission (SEC) to launch the first-ever exchange-traded fund (ETF) for Ethereum futures. This could mark an important milestone for digital asset investment in the United States.The SEC's decision comes as the regulatory body is slowly opening up to the crypto market. In October 2021, the SEC allowed the trading of Bitcoin ETFs priced off futures contracts. Valkyrie Investments is now part of a select group of firms that offer crypto-related ETFs, building on its existing Bitcoin Mining ETF.Rising Competition in the Ether ETF SpaceValkyrie Investments is not alone in its pursuit of establishing Ethereum futures ETFs. Eight other issuers, including VanEck, Grayscale Investments, and Bitwise, have filed applications with the SEC. These firms look to capitalize on the growing demand for Ethereum, which currently holds the title of the world's second-largest digital asset.Beyond Ethereum futures ETFs, Valkyrie Investments, along with Wall Street giants like BlackRock and Fidelity, is also exploring the possibility of introducing a spot Bitcoin ETF. A spot ETF would enable a broader array of investors to gain exposure to Bitcoin's spot price instead of its future value, which is currently only accessible to accredited investors. So far, the SEC has been hesitant to approve this type of ETF, citing regulatory concerns.Accelerated Approval Amid Government Shutdown ConcernsInterestingly, Valkyrie had initially planned to roll out its fund on October 3. However, concerns over a potential U.S. government shutdown prompted the SEC to fast-track the approval process for Ethereum futures ETFs. If Congress fails to agree on funding, the government could cease most operations, affecting nearly two million federal workers and possibly disrupting SEC activities.Valkyrie's Chief Investment Officer, Steven McClurg, expressed satisfaction with the SEC's decision in an interview with Fox Business. "We are thrilled to be the first to offer ether futures to our investors as interest in the asset has grown exponentially over the past year," he said.The firm plans to convert its existing Bitcoin futures ETF into a combined fund offering both Bitcoin and Ethereum futures, with trading set to begin today.The SEC's accelerated approval timeline also hints at the agency's attempt to maintain market stability in case of a government shutdown. Earlier this week, the SEC delayed decisions on other spot Bitcoin ETF applications, including one from Ark 21Shares, a fund owned by tech investor Cathie Wood.On the legislative front, SEC Chairman Gary Gensler urged companies planning to go public to expedite their efforts before a possible government shutdown. A shutdown would force the agency to operate with a reduced workforce, affecting its ability to oversee the markets and public offerings.The SEC's approval of Valkyrie Investments' Ethereum futures ETF represents another step toward the maturation of the crypto market in the U.S. While the SEC remains cautious, particularly concerning spot ETFs, it has shown a willingness to accommodate futures-based products. With other firms lining up to offer similar products, competition in the Ether ETF space is bound to intensify.US SEC Would Likely Let Ethereum Futures ETFs Go Live Next Week: Bloomberg Intelligence Analyst While many crypto exchanges and DeFi platforms allow users to trade stablecoins like USDC, USDT or DAI, Zodia Markets’ concept for a stablecoin-based foreign exchange market stands out because of its traditional institutional support. Centralized vs Decentralized exchangesSo far, over 46 million BNB tokens have been removed from public circulation, with over 53 million left to burn going forward. At present time, the 153 million BNB tokens are worth $32 billion, making it the fourth largest cryptocurrency network by market cap. Bitcoin, the world's largest cryptocurrency, is trading at $27,392 at the time of writing this article and is preparing for a significant upward trend, according to the famous cryptocurrency analyst Michaël van de Poppe.

“Bitcoin, like the spiritual leaders who have come before it in the Middle-Eastern desert, is a miraculous gift capable of transforming an oppressed, forgotten people. The Palestinian economy is a multi-billion dollar economy that unfortunately benefits mostly outsiders. But if Bitcoin were adopted as the official currency, Palestinians would be able to shape their own economic destiny and in so doing their sovereign destiny,” Keiser said. XRP/USDT 1-Day Chart (Source: Tradingview) N26 launches new cryptocurrency trading product, ...Magazine: NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSeaFTX hacker could be using SBF trial as a smokescreen: CertiK The origin of “rekt” is from the word “wrecked” which means destruction or ruin of something. In the crypto market, rekt is a commonly used word to signify a situation when a trader loses a huge amount of money, mostly in a recent market crash.

🚨🚨🚨Stay #SAFU ✅Scammers are also using @cz_binance images in #nft and giving greed for reward giveaway and many other unnecessary big awards. 💰If users connect their wallet with the scammers website which is mentioned on NFT image then user will lost all @TrustWallet… pic.twitter.com/2dUPRlTeTR The Merge, a much-anticipated Ethereum upgrade, has already marked its influence on the ETH / BTC valuation. Ethereum’s weekly charts have been in a continuous downtrend following its implementation, creating further lows. How To Buy XRP (Ripple) In India-Forbes Advisor INDIAThe rewards may come in two forms: NFTs or tokens. Only the rich people buy the luxurious Lamborghini cars, and the catchphrase “Lambo” is related to cryptocurrency because sometimes the rich crypto traders buy Lamborghini from the money they gained from their investments. In short, this phrase refers to when cryptocurrency holders will become rich enough to afford a Lamborghini.

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