Ethereum (ETH) and Polygon (MATIC) Price Prediction: TMS Network (TMSN) Takes The Lead - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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Financial Sector Implications in Hong Kong In summary, key future growth drivers are more exchange adoption, select technical upgrades, and non-Bitcoin businesses adopting Lightning. Ethereum (ETH) and Polygon (MATIC) Price Prediction: TMS Network (TMSN) Takes The LeadPer Santiment, shark and whale wallets, which contain 100,000-100,000,000 XRP, have increased their holdings from $7.16 billion worth of XRP in 2022 to $7.89 billion worth this year.Hacken announces partnership with Radix The crypto was down 0.73% over the past 24 hours and was changing hands at $27,395 towards the close of business U.S. East Coast time. Ether (ETH) was down 0.96% and trading at $1,546. The CoinDesk Market Index (CMI) was lower by 0.9%. CoinDesk Indicies’ Bitcoin Trend Indicator shows a significant uptrend predicted for bitcoin’s price while the ether trend indicator is forecasting a significant downtrend.

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Ultimately, it creates disproportionate work between the hunter and the hunted. The platform has only recently enabled two-factor authentication (2FA) but that is of no consolation to the victims. How strong is the American dollar in Greece?This simultaneous engagement with both Coinstore and LBank underscores XRP Healthcare’s intent to not only cater to the African demographic but also tap into the dynamic Asian market. In my opinion, many of the impediments to broader DeFi adoption can be lumped under the term “liquidity” – the ease with which an asset or security can be converted into cash at market price. Liquidity is a complex, multidimensional issue, but, fundamentally, it’s simply about enough people wanting something that it makes buying and selling as simple as a click.

DSR rates are akin to a “marketing spend to increase the profits of the DAO,” Kazemian told Blockworks, arguing that Maker’s rates don’t track with the Fed’s. Kazemian said FRAX is perfecting the treasury-exposed stablecoin. DXY chart by Tradingview Bitcoin-USDT Dominates Binance Liquidity Despite TUSD RiseDetails unveiled by the XRP-centred data platform Bithomp show that in both cases the initiator of the transfers was San Francisco-based fintech behemoth Ripple Labs. A sign that a user may be talking to a Pig Butchering scammer is when the conversations quickly shift from daily routines to cryptocurrency investments that promise high returns. The criminal may also boast about properties and status symbols to “prove” that they have reaped the benefits of investing. At times, the scammers would share trade secrets that guarantee “risk-free” earnings.

Next, Web3 gaming possesses enormous potential after years of building, according to Nansen, CEO Svanevik expects breakthrough mainstream hits to emerge alongside outright failures, citing titles from Axie Infinity, Sipher, and MixMob as promising. The United States legislators in the House and Senate came to a temporary agreement on Sep. 30 and averted a government shutdown for 45 days. This news could have acted as a catalyst for Bitcoin’s (BTC) sharp rally on Oct. 1. Additionally, the historically strong performance of Bitcoin in October could have boosted sentiment further.The U.S. stock markets are also in a sweet spot in October. Data from the Stock Trader’s Almanac shows that the S&P 500 Index (SPX) has risen by an average of 0.9% in October, between 1950 and 2021. However, it does not mean that the bulls can be carefree because the stock market weathered one of its worst declines in the Black Monday crash in October 1987.Daily cryptocurrency market performance. Source: Coin360While a short-term up-move is possible in the cryptocurrency markets, it is unlikely to start a runaway rally. Higher levels are likely to witness profit-booking as the skyrocketing U.S. dollar index (DXY) could keep the bulls on the edge of their seats.What are the important overhead resistance levels in Bitcoin and altcoins that may attract sellers? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index plunged below the formidable support at 4,325 on Sep. 22. That completed a bearish head and shoulders pattern, indicating the start of a downward move.SPX daily chart. Source: TradingViewUsually, the price turns around and retests the breakdown level, which in this case is 4,325. That happened on Sep. 29. The neckline of the setup is likely to witness a tough battle between the bulls and the bears.If the price turns down and breaks below 4,238, it will indicate that bears are in control. That could accelerate selling and the index may dive to the pattern target of 4,043.Any recovery attempt is likely to face selling at 4,325 and then at the 20-day exponential moving average ($4,370). A break above this resistance will be the first sign of strength. The index could then ascend to the downtrend line.U.S. dollar index price analysisThe U.S. dollar index has witnessed a scintillating run in the past several days. The bulls propelled the price above the overhead resistance of 106 on Sep. 26, indicating the start of a new uptrend.DXY daily chart. Source: TradingViewSellers tried to pull the price back below the breakout level of 106 on Sep. 29 but the long tail on the candlestick shows solid buying at lower levels. The bulls will try to flip the 106 level into support. If they are successful, the index could rally to 108.The bears are unlikely to surrender easily. They will try to drag the price back below 106 and then the 20-day EMA. If they manage to do that, it will trap the aggressive bulls. The index may then descend to the 50-day simple moving average ($103).Bitcoin price analysisBitcoin surged above the immediate resistance of $27,500 on Oct. 1 and then stretched the rally above $28,143 on Oct. 2. The ease with which $28,143 was conquered shows that more is likely to come.BTC/USDT daily chart. Source: TradingViewThe bulls will try to push the price to $31,000 where they are likely to encounter solid resistance from the bears. If the price turns down sharply from this level, it will suggest that the BTC/USDT pair remains stuck inside the large range between $31,000 and $24,800.The first support on the downside is $28,143 and then the 20-day EMA ($26,862). If the price slips back below $28,143, it may trap the aggressive bulls. That could then pull the price to the 20-day EMA. Sellers will have to yank the price below this level if they want to seize control.Ether price analysisEther (ETH) pierced the 50-day SMA ($1,652) on Sep. 29 and followed that up with another sharp rally on Oct. 1. That pushed the price to the overhead resistance at $1,746.ETH/USDT daily chart. Source: TradingViewThe 20-day EMA ($1,644) has turned up and the relative strength index (RSI) is above the 64 level, indicating that the bulls are in command. That enhances the prospects of a rally above $1,746. If that happens, the ETH/USDT pair will complete a double bottom pattern. This setup has a target objective of $1,959.Sellers will make every effort to halt the recovery at $1,746. They will have to drag the price back below the moving averages to weaken the positive momentum. The pair may then extend its stay inside the range for some more time.BNB price analysisBNB (BNB) turned down from the 50-day SMA ($216) on Sep. 29 and 30 but found support at the 20-day EMA ($214). This suggests a positive sentiment where dips are being purchased.BNB/USDT daily chart. Source: TradingViewThe moving averages are on the verge of a bullish crossover and the RSI is in the positive territory, indicating that bulls have the edge. A break and close above $220 will suggest the start of a new uptrend. The BNB/USDT pair could first rally to $235 and subsequently to $250.Contrary to this assumption, if the price turns down from $220, the bears will again attempt to tug the pair below the 20-day EMA. If they succeed, it will indicate that the consolidation may extend for a few more days.XRP price analysisXRP (XRP) rose above the symmetrical triangle pattern on Sep. 29 and the bulls held the retest of the breakout level on Sep. 30. This suggests that bulls are back in the game.XRP/USDT daily chart. Source: TradingViewBuyers will next try to drive the price to the overhead resistance at $0.56. This is an important level to keep an eye on because a rally above it could indicate the start of a new uptrend toward the pattern target of $0.64.On the other hand, if the price turns down from $0.56, it will suggest that the bears have not given up and they continue to sell on rallies. That could restrict the XRP/USDT pair inside the range between $0.41 and $0.56 for a while longer.Solana price analysisSolana (SOL) blasted above the $22.30 overhead resistance on Oct. 1, indicating that the bulls are on a comeback.SOL/USDT daily chart. Source: TradingViewThe sharp up-move has pushed the RSI into the overbought space, suggesting that the rally may soon face resistance. The bears may attempt to stall the recovery at $25.50 and then again at $27.12. If the price turns down from this level, it will signal that the $14 to $27.12 range remains intact.The important support to watch on the downside is the 20-day EMA ($20.50). Sellers will have to yank the SOL/USDT pair back below this level to weaken the bullish tempo.Related: BTC price knocks on $28.5K as trader says Bitcoin 'reeks of disbelief'Cardano price analysisCardano (ADA) soared above the downtrend line and the 50-day SMA ($0.25) on Oct. 1, invalidating the developing bearish descending triangle pattern.ADA/USDT daily chart. Source: TradingViewGenerally, the failure of a bearish setup is a positive sign as bulls who have been waiting on the sidelines jump in to buy. However, before that, the price may turn down and retest the breakout level. If the level holds, it will signal that the bulls have flipped the downtrend line into support. The ADA/USDT pair could then start an up-move to $0.29 and thereafter to $0.32.On the contrary, if the price turns down and re-enters the triangle, it will indicate that the markets have rejected the higher levels. The pair may then retest the important support at $0.24.Dogecoin price analysisDogecoin (DOGE) rose above the 20-day EMA ($0.06) on Sep. 29 and reached the 50-day SMA ($0.06) on Oct. 1. This shows that the bulls are trying to start an up-move.DOGE/USDT daily chart. Source: TradingViewThe 20-day EMA is flattish but the RSI has jumped into the positive zone, indicating that the momentum is turning positive. A close above the 50-day SMA will open the gates for a possible rally to $0.07. This level may act as a minor hurdle but if crossed, the DOGE/USDT pair is likely to climb to $0.08.Time is running out for the bears. If they want to prevent the rally, they will have to quickly tug the price back below the 20-day EMA. The pair may then retest the crucial support at $0.06.Toncoin price analysisToncoin’s (TON) relief rally fizzled out at $2.31 on Sep. 28, indicating that the bears are selling at higher levels. The price turned down but the bulls held the $2.07 support on Oct. 1.TON/USDT daily chart. Source: TradingViewThe bears renewed their selling on Oct. 2 and pulled the price below the vital support at $2.07. If the price sustains below this level, the selling could intensify and the TON/USDT pair risks tumbling down to the 50-day SMA ($1.84).On the upside, the bulls will have to drive the price above $2.31 to open the doors for a possible retest of the overhead resistance at $2.59. This level may again attract aggressive selling by the bears.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. Is Coinbase decentralized?Source: PexelsThe Israeli police cyber unit have frozen cryptocurrency accounts used by Hamas to raise donations via social media, Jerusalem Post reported. This action comes as part of a broader effort to curb the flow of funds into the hands of the terrorist organization, especially during times of conflict.The cyber unit's investigation revealed that Hamas had initiated an online fundraising campaign with the outbreak of the recent conflict, urging the public to deposit cryptocurrencies into its accounts. These funds were likely intended to support its activities. The Israeli police cyber unit, in collaboration with the National Headquarters for Economic Warfare, swiftly located and froze these cryptocurrency accounts. Authorities asked Binance to facilitate the process of withdrawing the seized funds into the state treasury.The Israeli cyber unit, known as Lahav 433, also worked closely with the UK police to freeze an account held at Barclays Bank.The unit's efforts extend beyond this operation, as it continues to actively search for financial infrastructures in cryptocurrencies used by terrorist elements.Web3 Community Launches Crypto Aid IsraelAmid the ongoing conflict in Israel, the country's crypto and Web3 communities have come together to establish "Crypto Aid Israel." This initiative aims to raise funds to support Israeli citizens who have been displaced and are in need of humanitarian aid due to the escalating conflict with Hamas.Crypto Aid Israel has set up a multi-signature wallet, controlled jointly by multiple parties, to accept donations denominated in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and dollar-linked stablecoins such as USDT and USDC. Several Israeli banks and regulators have also stepped in to facilitate the flow of these crypto donations, potentially providing a bridge between crypto assets and traditional banking channels.To ensure the secure management of these cryptocurrency assets, the initiative has enlisted the expertise of Fireblocks, a specialized crypto safekeeping firm. They have implemented a strict policy that mandates the consensus of at least four out of seven signatories to authorize the movement of funds out of the wallet, ensuring a secure and transparent process.Members of the alliance supporting Crypto Aid Israel include prominent entities like Fireblocks, MarketAcross, Collider Ventures, CryptoJungle, and the Israel Blockchain Association.Hong Kong Police Issues Warning After Binance Users Lose $450K in Phishing Scams “As we’ve been saying both with ETH futures, but especially with spot bitcoin, it will be a marketing war like we’ve never seen since they all do [the] same thing and launch on [the] same day,” Balchunas said in an X post in response to the VanEck video. “Unprecedented.”

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