Decentralized Exchange (DEX) Volumes Sink to Long-Term Lows - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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The popularity of a game often determines the value of gaming tokens and coins, the size of the player base, and the demand for in-game assets. Therefore, investing in gaming tokens and coins can be profitable, especially for popular games with large player bases. Ethereum's native token, Ether (ETH) saw marginal gains on Oct. 2, driven by the anticipation of institutional investor inflow following the launch of an exchange-traded fund (ETF) linked to Ether futures on traditional stock market exchanges. The adoption of the Ethereum network by traditional financial institutions for real-world tokenized assets (RWA) has also had a positive impact on investor sentiment.Ether price index in USD, 12-hour. Source: TradingViewBetween Oct. 1 and Oct. 2, Ether recorded gains of 1.1%, bringing its price close to the $1,700 resistance level for the first time in a month.Multiple Ethereum futures ETF instruments shift the narrativeEric Balhunas, a senior ETF analyst at Bloomberg, expressed disappointment with the initial trading performance of Ethereum futures instruments listed on Oct. 2 by VanEck, ProShares, Valkyrie and Bitwise in a post on the X social network (formerly Twitter).Pretty meh volume for the Ether Futures ETFs as a group, a little under $2m, about normal for a new ETF but vs $BITO (which did $200m in first 15min) it is low. Tight race bt VanEck and ProShares in the single eth lane. pic.twitter.com/F9AHtrVcVf— Eric Balchunas (@EricBalchunas) October 2, 2023 Decentralized Exchange (DEX) Volumes Sink to Long-Term LowsThe RNG ensures that the outcomes of games like video poker, slots, blackjack, and roulette are genuinely random and, therefore, fair. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Is an Initial Coin Offering (ICO): A Complete Guide

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Regardless of validity, the vilifying tweets encapsulate ongoing debates surrounding the massive power wielded by prominent crypto luminaries and institutions. The effective royalty rate by NFT marketplace. Image: The Block Research. Buy Dogecoin in India at Best Price|DOGE to INRIn the medium term, Marathon also recently announced that it retired “the majority” of its convertible debt at a “significant discount,” which could put it in a stronger position for the bitcoin halving event in April 2024.How Bitcoin Mining Monetizes Grid Resilience, A National Defense Matter The mixer, which operates across seven different chains, has made a name for itself by allowing users to obfuscate transfers of ten distinct crypto assets, with native ETH on the Ethereum mainnet being the most popular.

Source: TradingViewThe price of Solana (SOL) has dropped to $23.26 today, with the altcoin falling by 1% in 24 hours as the market as a whole barely moves.SOL's dip also comes as Sam Bankman-Fried's fraud trial begins in New York, with the conviction of the former FTX CEO potentially having implications for SOL, given that FTX currently holds a substantial sum of the cryptocurrency.Yet SOL has done well in the past few weeks as a result of Solana's ongoing growth, with the altcoin having risen by 21% in a week and 19% in a month, as well as by over 130% since January 1.And given that FTX's Solana-based holdings are mostly locked for the next couple of years, it's more likely that SOL will continue to rise in the next few weeks. Solana Price Prediction as $500 Million Trading Volume Comes In Amid Sam Bankman-Fried Trial – Which Way Will SOL Go?SOL remains in a strong position, even with today's dip.Its relative strength index (purple) has stopped falling after the previous week's declines and looks like it will hit 70 once again, implying that the coin could be in line for gains in the coming days.Source: TradingViewIt's a similar story with its 30-day moving average (yellow), which is moving decisively towards its 200-day (blue) and could continue until it passes the latter by some distance.This means that SOL may rise up to $24 or $25 in the next week or so, depending on overall market sentiment.It does at least seem that it won't be falling any further for the foreseeable future, given that it had been sold heavily since August and that its support level (green) has been rising in recent weeks.Of course, some traders may be concerned by developments in the aforementioned trial, as well as by the fact that FTX is sitting on SOL and Solana-based holdings worth around $1.2 billion.However, much of this Solana tokenage is either staked or locked up, so it's unlikely that FTX will be offloading it en masse.Traders should, therefore be relaxed enough to look at SOL on its own merits, and at the moment it remains one of the strongest tokens in the market.Not only is Solana the fifth-biggest layer-one platform in terms of total value locked in, but it also attracts significant adoption, with Visa recently adding it to its stablecoin trials.It has also had a very good 2023 in terms of development and upgrades, with its blockchain marking 100% uptime for over seven months, after a 2022 plagued by outages.For this reason, SOL can be expected to continue growing steadily over the next few months, with the altcoin potentially on course to reach $30 by the end of the year.Alternative Alts For Market-Beating GainsWhile SOL continues to look promising overall, the FTX holdings do remain a long-term concern, while some traders may be frustrated by its gradual, moderate growth.If so, many may be advised to look towards newer altcoins, with presale tokens in particular often having the ability to rise strongly when listing on exchanges for the first time.The next candidate in line to do this is arguably Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that will enable ordinary investors to mine Bitcoin simply by staking its native token.A mark of just how promising it is has already been provided by the fact that its sale has raised more than $500,000, despite it being open for only a couple of weeks.This indicates how optimistic investors are becoming in relation to the platform, which will enable users to stake their Ethereum-based BTCMTX tokens in order to mine actual Bitcoin.Bitcoin Minetrix's platform works by converting staked BTCMTX into tokenized mining credits, which essentially reserve holders the right to claim a portion of mined Bitcoin.Such a system is set to open up Bitcoin mining to a wider pool of participants, making it more decentralized and open.This accounts for why Bitcoin Minetrix's presale is accelerating quickly through the milestones, with new investors able to join the offering by going to the official Bitcoin Minetrix website, where 1 BTCMTX currently sets you back only $0.011. The presale has been allocated 1.4 billion BTCMTX tokens, out of a total maximum supply of 4 billion.It will have ten stages in total, with the final stage pushing the price of BTCMTX up to $0.01190. This means that buyers should act quickly if they want to grab some of the promising new token at its lowest price, because it has a good chance of rallying big once it lists on exchanges later in the year.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.XRP Price Prediction as XRP Spikes Up 6% Suddenly – $1 Incoming? Methodology: Data was obtained from Companies Market Cap as of Sep 19, 2023. Video game companies that have entered web3 are based on• whether it launched or plans to launch a blockchain product• invested in another web3 company, or• has open positions for blockchain roles Giant Containers-Mining cryptocurrencies, in a shipping ...Looking ahead into 2024, we are faced with the prospect of a BTC “halvening” in April, historically a positive event for crypto. However, the broader macroeconomic conditions have signalled some signs of instability. Bitcoin’s ongoing correlation with stock markets adds an extra layer of complexity to the equation. The outcome hinges on the messaging from the Fed — and decisions made by the Securities and Exchange Commission (SEC) regarding spot ETFs. If the macroeconomic backdrop remains uncertain, the Fed may pivot toward rate cuts, potentially altering the trajectory of both traditional and digital asset markets. Despite this bullish XTZ price prediction, failure to close above the descending resistance trendline will likely cause a 10% drop to the closest support at $0.65.

Some market observers said the Fed’s Wednesday decision to hike rates, or not, likely won’t significantly affect the crypto market. The Multichain hack serves as a grim reminder of the challenges and vulnerabilities inherent in the DeFi space. While the promise of decentralized finance is revolutionary, the road to its mainstream adoption is fraught with hurdles. Security breaches of this magnitude not only harm the affected platform but also cast a shadow over the entire ecosystem.Coinbase’s Base records 25% increase in TVL following massive USDC minting Robinhood opens up a slow and steady approach to crypto ...As of 30 September 2023, Argo Blockchain held 32 BTC in its reserves. This is a decrease from the 49 BTC it held at the end of August. The drop is mainly due to the periodic revaluation of the company's non-Bitcoin digital asset holdings. Tonk envisions Dappicom’s role as not just a disrupter in the emulation space but also as a key player in widening the appeal of on-chain games.

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