Today, the crypto market reignited with excitement as the majority of the coin prices are recording impressive gains. An overview of the broader market through the crypto heat map reflects a sea of green trading led by the flagship cryptocurrency, Bitcoin. BTC added over $2,000 to its value from yesterday to trade above the $65k mark today.

Consequently, the total crypto market cap has grown to $2.3 trillion after surging by 2.59% in the last 24 hours. The total trading volume also jumped by 37.31% at the time of writing to rest at $88.81 billion. Terra Classic (LUNC) has also seen impressive gains over the last day. Interestingly, investors’ sentiment has crossed over to ‘greed’ according to the crypto fear and greed index data. Below is an overview of how the top coins have reacted in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin has continued its upward trajectory, surging to new monthly highs. The largest crypto by market cap traded between $63,627.59 and $65,743.29 in the last 24 hours according to on-chain data. However, at press time, BTC changed hands at $65,512, representing a 2.72% increase.

Notably, its one-day trading volume also jumped by 54.40% to rest at $19.75 billion. Interestingly, the upsurge coincides with a massive influx of funds to BTC ETFs. Per Soso Value data, Bitcoin ETFs recorded a $365.57 million inflow as of September 26.

Source: CoinMarketCap

Meanwhile, the second-largest cryptocurrency by market cap, Ethereum, demonstrated a similar trading pattern over the last day leading the global altcoin market. At the time of writing, the price of ETH surged by 1.36% to trade at $2,664.

Ethereum moved between the range of $2,614.10 and $2,666.83 respectively in the last 24 hours with a trading volume surge to $17.5 billion. However, Ethereum ETFs saw outflows as of September 26. Citing the same tracker, ETH ETFs recorded $675.45K in outflows.

Other Altcoin Prices

Solana noted an impressive uptrend over the last day. SOL price increased by 4.45% and changed hands at $158.18. Solana’s one-day low and high touched $150.66 and $158.65 respectively. Also, the SOL’s market cap reached $74.2 billion at the time of writing.

Meanwhile, XRP only saw marginal gains at the time of writing. The XRP price spiked by 0.51% in the past 24 hours to trade at $0.5904. The coin moved between the bottom and peak of $0.5835 and $0.5957, respectively. Lastly, XRP’s market cap stood at $33.3 billion today.

Binance Coin (BNB) also increased at the time of writing. The Binance native coin added 1.90% to its value to reach $606.84 and maintained a 24-hour trading range of $591.99 and $608.92 respectively. The TRX price added 1.72% to rest at $0.1544 with a 24-hour trading range of $0.1516 and $0.1549 respectively.

Meanwhile, Terra Classic (LUNC) has exhibited bullish patterns triggered by two major updates this week. As of press time, the price of LUNC surged by 4.77% to change hands at $0.00009256.

The factors triggering this momentum include the recent massive burn by Binance and a governance proposal approval by the Terra Classic community as reported earlier today by Coinfomania. Investors now eye the next price range of $0.0001 soon.

Source: CoinMarketCap

The memecoin market traded mostly in green over the last day. The Dogecoin price moved up by 9.31% in value to $0.1247 today. Also, Shiba Inu, the second-largest memecoin, skyrocketed by 16.94% to $0.00001964. PEPE added 19.55% while Dog Wif Hat (WIF) increased by 7.44%.

Top Trending Crypto Gainers Today

4DOGE (4DOGE) skyrocketed by 217.45% to reach $0.000001128

Conflux (CFX) surged 15.26% to $0.1899

Bonk (BONK) moved up by 15.05% to $0.00002286

Mog Coin (MOG) jumped by 12.03% to $0.000001621

Gala (GALA) added 11.17% to $0.02479

The post Crypto Price Update September 27: BTC Breaks $65K, LUNC up 4%, Altcoin Market Rally appeared first on Coinfomania.

There’s a saying in crypto: “It’s a wild ride.” For one trader, that couldn’t be closer to the truth. His story starts with $5 in the bank at the end of each month, nearly homeless, and living paycheck to paycheck. Against all odds, he turned a small crypto investment into a fortune that changed his life. 

He bought a house, paid off all his debts, and even paid most of his family’s debt. If you’ve ever heard of crypto magic, this is a perfect typology. But, like any telltale, this story has its twists and turns.

The Rise of a $WIF Investor

It all started with $WIF, a token he grabbed shortly after its presale ended. He bought about 1% of it and slowly began to take profits, not all at once, but in bits over months. It wasn’t an overnight success, but the kind that comes with patience and determination. At one point, he was still feeling the sting of scraping by, living paycheck to paycheck, despite holding a crypto goldmine.

“I was living with $5 in my bank at the end of every paycheck and was nearly homeless the year before,” he shared. The struggle was real, but that didn’t stop him from grinding it out. As months passed, he watched his investment grow, and slowly but surely, he started to withdraw, turning digital gains into cold, hard cash.

Image Source: Coinfessions X page 

He didn’t just stop there—he made it count. With those gains, he bought a house, something he probably couldn’t have imagined just a year before. Debt? Gone. Not only his, but he also took care of his family’s debt, an act that many can only dream of. His life had done a 180°, but he kept it all under wraps, even from his wife.

The Big Reveal: Surprising His Wife

Now, here’s where the story gets even wilder. He kept all of this a secret from his wife. Not a word about the investment, not a peep about the profits. For months, she had no clue about the financial transformation taking place in their household.

Then, Christmas came. With excitement bubbling inside, he revealed the secret. “I kept the gains a secret from my wife until Christmas, and she genuinely didn’t believe it until I showed her a large deposit to our joint bank account.” Imagine her surprise! It’s not every day that you discover your spouse has paid off debts and bought a house on the back of a well-timed crypto investment.

Be A Long-Gamer, Stay An Open Book With Loved Ones

While this story has a happy ending, it has plenty of lessons. Keeping financial secrets from loved ones can be risky, no matter the intentions. What if things hadn’t gone so well? If the investment had tanked, keeping his wife in the dark could have backfired in a major way. Open communication about finances, even with something as volatile as crypto, can help navigate the ups and downs together.

Another point? Managing wealth properly once you have it. Sudden gains can lead to hasty decisions. “Crypto is wild,” he said, and that’s an understatement. His success was part skill, part timing, and a whole lot of luck. Planning for the long term, rather than enjoying the little breakthrough without a strategy, can ensure that the wealth sticks around.

If there’s one thing to take away from this story, it’s that patience pays. The trader didn’t cash out all at once, and that might have been the recipe for his success. Slowly taking profits over time allowed him to maximize gains without getting burned by market volatility.

For new investors, the clear lesson is: Don’t rush! Play the long game, but also, don’t be afraid to take profits when the time is right. Another lesson? Keep your loved ones in the loop. Crypto might be a solo grind sometimes, but when the wins come, sharing that success makes it all the more meaningful.

Crypto is unpredictable. It can take you from having $5 in the bank to living in your dream home in the blink of an eye—or, in this case, over months of steady grinding. For this trader, the journey with $WIF was a game-changer. In the end, crypto can be a ticket to a new life, but only if you handle it with care.

The post From Nearly Homeless to a Dream Home: A Crypto Investor’s $WIF Success Story And A Christmas Miracle Surprise  appeared first on Coinfomania.

Binance, the largest crypto exchange by trade volume, has increased its momentum in burning the Terra Classic (LUNC) coin. So far, the exchange has destroyed over 60 billion LUNC, raising excitement and speculations across the community about a possible price rally.

Meanwhile, the global crypto market is currently enjoying an upsurge. The flagship cryptocurrency, Bitcoin has jumped above the $65k mark, leading the broader market in a sea of green trades today. LUNC is not isolated from this even as its price has seen impressive movement over the last 24 hours.

The recent movement has ignited the “what next” question among investors, as they target the next price range of $0.0001 and above. Here are some of the factors that might trigger a rally soon.

Binance Initiates Five Extra LUNC Burns This Month

Recall that in 2022 Binance disclosed that it would support the LUNC burn mechanism by assigning 50% of the LUNC spot and margin trading fee to the initiative. Moreover, the exchange announced that sending the burn contribution from trading fees will be delayed until March 1, 2023.

The leading crypto exchange usually carries out the LUNC burns once on the first day of every month, however, things changed this month September, as it orchestrated six different burns in total.

The first major burn destroyed 1.19 billion LUNC tokens with $97,229.23 in fees accumulated from July 31 to August 29. Following that, Binance removed 199,389 LUNC from circulation through five extra transactions.

The new movement raised conjectures among observers wondering if the exchange has revised its burn plan to six times monthly moving forward. Notably, the price of LUNC reacted positively within the time, surging by over 3% in one day.

Terra Luna Classic Approves Major Community Proposal

Meanwhile, Terra Luna Classic has proven its attention to the community after recently approving a major governance and stability proposal. The proposal, which was led by BLV Labs, focused on improving the community governance module.

The proposal points to the instability in the deposit for creating proposals on the blockchain. The current deposit is set at 5 million LUNC, however, this fluctuates as the price of LUNC experiences volatility. It either becomes too high, or too low, translating to major concerns about the value of the proposals.

BLV Labs proposed a new method to tackle this in the proposal. According to them, it would be wise to adopt the Oracle module which helps to automatically adapt the deposit amount based on the current LUNC market price, also maintaining a stable value of $500.

Consequently, this will help to boost the integrity of the governance process by ensuring a stable deposit value. The positives surrounding the Terra Luna Classic ecosystem have been seen as a major catalyst that would drive the coin price upward.

LUNC Price Prediction, is $0.0001 Next?

LUNC found its base in the green territory in the early Asian trading hours today. Over the last 24 hours, on-chain data reveal that LUNC has surged by 3.84% to trade at $0.0000917.

Additionally, its one-day trading volume spiked by 23% to rest at $26.9 million. Notably, LUNC has traded between the low and high of $0.00008791 and $0.00009197 in the last 24 hours.

Source: CoinMarketCap

After its mighty fall from its all-time high of $119, reached in April 2022, the Terra Luna Classic community has been dedicated to seeing their beloved coin climb back to significant highs.

An expert analyst have revealed that LUNC exhibits a bullish outlook especially as the Moving Average Convergence Divergence (MACD) touches a positive end. Additionally, its Relative Strength Index (RSI) points to a ‘neutral’ market sentiment. Per his analysis, the next important resistance level for LUNC could be $0.0001, before shooting beyond $0.0003.

The post LUNC Price Prediction Sept 27: Binance Increases LUNC Burn, is $0.0001 the Next Target? appeared first on Coinfomania.

Wednesday, September 26, SEI Network saw an applaudable price jump, with the SEI token’s market cap cruising above $1.6 billion. As of writing, SEI is trading at $0.46, per CoinMarketCap data, cementing a 24% joyride over the past 24 hours. Earlier in the day, the token briefly touched a high of $0.47. Over the last month, SEI has recorded a 30% rise, continuing its upward trajectory.

New Yield-Generating Integrations

On September 24, the SEI team announced new ecosystem integrations through a post on X. Two yield-generating Liquid Staking Tokens (LSTs), Seiyan ETH and Super Seiyan ETH, developed by Nucleus and Dinero, have successfully entered the SEI ecosystem. Nucleus operates as a yield provider for networks, while Dinero serves as the yield framework for Ethereum.

Additionally, SEI revealed that the new partnership with Jellyverse brings fresh incentives to its users. Jellyverse, a decentralized finance (DeFi) ecosystem that provides synthetic Real World Assets (RWAs), now offers opportunities for SEI users to participate in yield farming.

About Sei Network (SEI)

Sei is a sector-specific Layer 1 (L1) blockchain optimized for decentralized exchanges (DEXes). Its design aims to streamline trading processes and offer DEXes a competitive edge. With its focus on performance, Sei seeks to meet the growing demand for efficient decentralized trading platforms.

Committed to environmental responsibility, Sei is also targeting carbon neutrality, aligning itself with the wider crypto trend of sustainability. The native token, SEI, powers this blockchain network, supporting its growth and development.

New Integration Opportunities

According to the X post, the recent integrations introduce several new benefits. Dinero’s Seiyan ETH ($sETH) and Super Seiyan ETH ($ssETH) are now offering incentives. Users can either hold ssETH or provide liquidity with sETH/WETH or ssETH/WETH pairs on Jellyverse, earning SEI, DINERO, and boosted Nucleus points. 

Incentives are live for seiyanETH ($sETH) and superseiyanETH ($ssETH)!Hold ssETH or provide liquidity with sETH/WETH and ssETH/WETH on @jlyvrs to earn $DINERO, $iSEI, and boosted @nucleusearn points.Get started: https://t.co/NO6Q3SuZK0 pic.twitter.com/yCMe1DOzaZ

— Dinero (@dinero_xyz) September 24, 2024

Furthermore, ssETH will receive additional incentives through SEI, DINERO, and Nucleus points, distributed bi-weekly among token holders.

On top of Default Yield, ssETH will be incentivized with $iSEI, $DINERO, and additional Nucleus Points!A set amount of these tokens will be distributed among all ssETH holders on a bi-weekly basis. This means just for minting ssETH you will earn:– Default Yield– $SEI-… pic.twitter.com/XBOdJTQ8IQ

— Nucleus (@nucleusearn) September 24, 2024

Jellyverse, in collaboration with Nucleus and Dinero, has also launched new ETH pools, providing more opportunities for SEI ecosystem participants.

4/ @jlyvrs launches new ETH pools in collaboration with Nucleus, and Dinero.Get the details on seiyanETH and ssETH opportunities below https://t.co/kTAgMQNSM6

— Sei (@SeiNetwork) September 24, 2024

SEI Network’s TVL Hits $200 Million

SEI Network has seized a significant milestone as its Total Value Locked (TVL) surpassed $200 million. This growth highlights its position as a key Layer 1 blockchain in the DeFi space. The surge in TVL followed the successful launch of its V2 protocol, which triggered a rapid rise from just $5 million in January 2024 to $200 million by September.

200 Million TVL Milestone Unlocked!Thank you to all the legends who make Sei’s ecosystem so special.Onwards and upwards pic.twitter.com/8Ga0WR1ZVB

— Sei (@SeiNetwork) September 25, 2024

In the past four months since the V2 launch, the SEI Network has enjoyed a 57.44% monthly jump in value locked. Investor interest has equally ballooned due to the platform’s innovative DeFi offerings, leading to a 244% growth in active monthly participation and an increase to 65,000 daily active users.

Took entry in $Sei Circulating Supply: 1.8B. Total Supply: 10BDaily active user (65k) increase by 244%(monthly)TVL increased by 57.44%(monthly)55% of its new supply over the next 12 months pic.twitter.com/gwkoRLC1SL

— Goku 悟 (@BitGoku7) September 24, 2024

SEI’s Tokenomics and an 8-10x Growth in Sight by 2025

With a circulating supply of 1.8 billion tokens out of a total of 10 billion, SEI has considerable room for expansion. Coinfomania predicts further growth as the network plans to release 55% of its tokens over the next year, providing additional development opportunities.

Market analysts draw parallels between SEI’s current trajectory and other Layer 1 tokens, such as Solana (SOL), Fantom (FTM), and Terra (LUNA), which experienced massive gains during previous Bitcoin bull markets. With SEI’s growing presence in DeFi and artificial intelligence (AI)-driven altcoin sectors, many analysts predict an 8-10x surge by 2025.

Image Source: Donovan Jolly

In 2023, SEI Network secured a $120 million Ecosystem Fund with an ambition to support projects built on its blockchain. The results of these investments are evident in the steady rise of SEI’s TVL, which has grown from $5 million at the start of the year to $200 million by September.

With a growing user base, innovative tokenomics, and strong TVL performance, SEI Network is well-positioned to become a significant player in the Layer 1 blockchain sector, with a promising outlook for the years ahead.

The post SEI Price Surges by 24% Following Ecosystem Expansions, TVL Reaches $200M appeared first on Coinfomania.

When people dream of making it big in crypto, they often think of Lamborghinis, luxury vacations, or a mansion in a tropical paradise — somewhere in the Maldives, perhaps. But for the trader in today’s Coinfomania exhilarating story series, owning over 2000 ETH and living off its staking yield has brought something far more valuable; he says “freedom.”

In a somewhat cheerful post shared on X, this poster reflected on how they’ve achieved true independence through smart investing in Ethereum. “Life’s good and enjoying FIRE now,” they shared, referring to the FIRE movement, aka Financial Independence, Retire Early. The trader has reached a point where they no longer need to work for money but instead let their crypto holdings do the heavy lifting.

Image Source: Coinfessions X page 

Building this Kind of Wealth Demands Patience and Persistence

Building up over 2000 ETH doesn’t happen overnight. As is often the case, it took patience, calculated risk, and faith in a project that many dismissed or didn’t fully understand in its early days. The key here was consistency. In both crypto and life, there are few shortcuts. The trader likely dollar-cost averaged (DCA)—a strategy where you regularly invest a fixed amount over time—into ETH, taking advantage of its growth.

And now, thanks to Ethereum 2.0 and staking, they can generate passive income. Staking allows ETH holders to lock up their coins in the network and earn rewards in return. For this trader, it’s the gift that keeps on giving. With ETH’s staking yield, they’ve achieved what many in the crypto space strive for — the ability to live off their assets.

But this story is not only about financial success but equally about balance. “I live off ETH’s staking yield. I have absolute freedom in time and life and putting it into good use by working out regularly and spending time building quality relationships,” the trader explained.

This diversion from the daily grind to a life of autonomy is what FIRE is all about—financial freedom that allows you to focus on what truly matters. For this user, it’s the simple things: regular workouts, nurturing relationships, and embracing a content life.

They acknowledge that while others in crypto may be richer, they’ve found their version of wealth. It’s not just about the size of your portfolio but about how you use the freedom that wealth brings.

Thinking Long-Term and Choosing Contentment Over Comparison

Staking is a game-changer. Instead of sitting on your assets, staking lets you put them to work. But it has its risks. Price volatility, staking platform reliability, and Ethereum’s future upgrades are all factors that could impact long-term gains.

It’s also worth considering potential risks tied to staking platforms. Not all platforms are created equal, and there’s always a chance of technical failures or hacks that could threaten those rewards.

But this trader’s contentment stands out in a world where people are often racing to outdo each other. They’ve chosen to live a life that puts personal happiness first over constantly comparing their wealth to others.As they put it, “I am happy and contented even though there are a lot of people in crypto richer than me,” reminding us all that true success in crypto is about finding the balance between financial freedom and a life well-lived rather than just making millions.

The post Living the Dream: How a Trader Seized Financial “Freedom” Through Ethereum appeared first on Coinfomania.

Are you curious about which new crypto will take the investment of $100 to $10,000 this year? You are just at the right place! We introduce five new crypto to buy now for 100x gains that are likely to provide high returns. 5thScape leads the list in using virtual reality technology.

New Crypto to Buy Now For 100x Gains:

5thScape (5SCAPE)

DarkLume (DLUME)

Toncoin (TON)

Evil Pepe Coin (EVILPEPE)

Pikamoon (PIKA)

Our handpicked cryptocurrencies will offer varied opportunities. Let’s check into the details of each cryptocurrency. And find out what exactly makes them stand out as great investments in the world of digital assets.

5thScape (5SCAPE)

5thScape is positioning its name in the quickest developing virtual platform. Its VR applications have focused on gaming, education, and healthcare. All combine powerfully with the latest technology for a fully immersive experience. This new crypto to buy now for 100x gains is currently in presale. Its price changes hands for just $0.00376. Thus, it presents an unparalleled investment opportunity since there will only be 5.21 billion tokens in supply.

DarkLume (DLUME)

DarkLume combines advanced advantages of blockchain technology into real-world applications. It aims to make transactions more secure and quicker. This new invention places DarkLume to revolutionize different sectors. Thus, makes it another strong new crypto to buy now for 100x gains due to innovative technological applications.

Toncoin (TON)

The messaging giant Telegram backs Toncoin. This coin has surged into the top-valued list of cryptocurrencies in the world. Toncoin has a potential to merge with the large user base of Telegram. It has become highly promising for widespread adoption. And hence stands out as an interesting new crypto to buy now for 100x gains.

Pepe Coin Evil (EVILPEPE)

Evil Pepe Coin revolutionizes the meme coin model by fusing viral appeal with tokenomics of fixed supply. Community-driven growth, combined with strong social media engagement, has built a great following of the coin. It has a better structure and presents itself as an investment case. Thus, the Evil Pepe coin is an attractive new crypto to buy now for 100x gains.

Pikamoon (PIKA)

Pikamoon has a dominance in the NFT and metaverse worlds. This is through its proposed incorporation of Pokémon-style gaming into its blockchain network. It has a great aspiration to become a leading virtual world. The possibility for high growth makes this an excellent new crypto to buy now for 100x gains.

Conclusion

These five cryptocurrencies are in the list of the best new crypto to buy now for 100x gains. From the innovative virtual reality applications of 5thScape to the unique gaming experience that Pikamoon has on offer. DarkLume and Toncoin boast of broad utility and integration. Yet, our main recommendation remains 5thScape, for its innovative take on virtual reality. We consider it as the best new crypto to buy now for 100x gains.

The post New Crypto to Buy Now For 100x Gains: High-Potential Early Stage Tokens for Massive Return appeared first on Coinfomania.

With the dawn of AI trading, everything has changed regarding the way traders used to approach their markets across the globe. This technological revolution presented sophisticated tools that had excellent capabilities, including automating complicated trading strategies, analyzing huge data in real time, and predicting market movements with precision. This Coinfomania article will help traders discover the best AI trade tools in 2024 and show how such platforms may make trading more efficient and profitable in this very fast-moving world of trading.

What Are AI Trading Tools?

AI trading tools are advanced software solutions that weave together algorithms, machine learning, and deep data analysis into actionable trader insight, extending that trader’s decision-making capabilities. This includes automated trading strategies, deep market data analysis, and outcome predictions with far greater accuracy compared to traditional trading techniques.

Types of AI Trading Tools

AI trading tools take many different forms, each one designed to serve and facilitate a particular aspect of trading strategies or decision-making processes. They include the following:

Automated Trading Bots

An automated trading bot is a pre-set software that executes buy and sell orders without the need for human intervention, based on predetermined algorithms. They work day and night with the tide of market fluctuation, maximizing profit and efficiency in trading.

Predictive Analytics Platforms

These platforms predict the future movements of markets by analyzing past market data statistics and trends. Indeed, this predictive capability of the platforms is important to traders making educated decisions in the light of the future movements of a market.

Sentiment Analysis Tools

Sentiment analysis tools crawl through millions of news and social media data to determine the sentiment in the markets. This is important, as such information gives traders insight into what the market is thinking and helps in making trading decisions.

Risk Management Systems

Risk management systems serve to measure a trader’s potential losses and thus enable him or her to take defensive action where needed. It is important to maintain the level of confidence that one maintains to be sure their portfolio is secure against surprises in market fluctuation. 

AI-based trading tools are irreplaceable in today’s trading environment for automating routine work and deep analyses necessary in the development and improvement of complex trading strategies.

Best AI Trade Tools in 2024

Trade Ideas

TrendSpider

Tickeron

Deriscope

Coinrule

Cryptohopper

Stock Hero

Below, you’ll find a lot of information on every aforementioned AI trading instrument. Information about the key features, assets support, and ways to enhance the trading strategy with best AI trade tools 2024.

1. Trading Ideas

Trade Ideas is, in fact, among the largest AI platform for active traders in the whole world and one that provides real-time, scan-based market information and executes trades at a 24-hour window. This AI trade tool meets the needs of high-frequency traders and those dependent on fast execution along with in-depth market data analysis for feasible strategic decisions with the help of thoroughly looking at data analyses.

Key Features

Advanced Backtesting on this platform allows traders to test models on historical data so as to predict, in advance and without risk, how well certain market performances may fare. Its AI-based Trade Signals do the magic of applying machine learning for delivering buy or sell signals in time. It also offers the possibility of Custom Alerts, whereby users can set notifications for market conditions or value changes of a particular stock, reducing the need to constantly monitor the screen.

Exchanges and Assets Supported

The major focus for Trade Ideas is centered on equities, from stocks to options. It is designed to serve traders working in fast-moving markets such as NASDAQ and NYSE, where timely execution of information is of critical importance.

Pros and Cons:

Pros:

Depth of Features: Provides a wide range of tools, giving flexibility that suits even complex trading strategies.

Real-time Data: Provides real-time market data, which is a prime feature to assure that very well-informed trading decisions can be made on time.

Cons:

Complexity: The number of features and the depth of data analysis can be overwhelming for individuals starting to trade.

Cost: The cost of a subscription might make it prohibitive for the casual or non-professional trader.

Overall Impression

In the AI-driven trading platforms space, almost certainly, Trade Ideas offers a very sophisticated toolkit meant for someone with the deepest needs for precise execution and speed of trading operations. While execution is very highly advanced for real-time data and executing trades, its complexities, and cost could make beginners or low-resource people unable to enter.

2. TrendSpider

TrendSpider is a charting tool designed for technical traders focusing heavily on automated chart analysis and pattern recognition. This platform utilizes advanced AI in its framework to make technical analysis smarter and autonomous making it a crucial tool for highly signal-dependent traders who depend on indicators and patterns for their trading processes.

Key Features

The Automated Technical Analysis on the platform uses artificial intelligence to automatically identify and draw trend lines and patterns without subjectivity. It also offers Smart Charting Capabilities, professional charting with the ability to overlay extra data sets and indicators on one chart for detailed analysis. Also, backtesting is allowed so traders test their strategies on historical data to confirm the effectiveness of those before deploying in live markets.

Supported Exchanges and Assets

It is versatile for several markets, considering that TrendSpider provides its services across a wide variety of assets: stocks, Forex, and cryptocurrencies. These will bring together in its environment the great community of traders that come from separated financial sectors.

Pros and Cons:

Pros:

Extensive Charting Tools: Provides a plethora of technical indicators and custom charting options that are suitable for detailed technical analysis.

Real-time Data and Analysis: Enhance trading decisions by viewing and analyzing real-time market data.

Cons:

Complexity: The level of features and advanced capabilities might be too much for an individual just beginning to gain insight into technical analysis.

Cost: While offering advanced features, the platform can be expensive, which might deter traders with limited budgets from subscribing.

General Overview

The TrendSpider actually represents one of the enhanced Smart trading systems by the enhanced capability of detailed technical analysis and automated pattern recognition. Thus, it is ideal for the technical trader, also very efficient given the capacity to work on many assets at one time and deliver data in real-time. Difficult for new traders or those with a pocket budget since they are complex and relatively expensive.

3. Tickeron

Tickeron is the live-pattern recognition system, an advanced AI trading platform, well-renowned for the prediction of tendencies. The system comes prepared with special preparation to help the trader capture the opportunities in the market by providing predictive insight into market trends ahead of time.

Key features:

Salient features of the platform include AI-based trend forecasting through sophisticated algorithms, which can predict market fluctuations much in advance. That will prepare any trader against changes even before they happen. It sends real-time alerts for crucial market events and opportunities as they unfold. It also includes customizable confidence levels, enabling traders to set and adjust the confidence levels pertaining to the predictions generated through AI according to their individual risk tolerance and respective trading strategy.

Supported Exchanges and Assets

While Tickeron develops with a greater focus on stocks and ETFs, it is wider in its coverage of different analytical tools and data feeds into these classes of assets and is fit for equity traders or for someone trying to make an in-depth market analysis while identifying the trends.

Pros and Cons:

Pros:

Robust AI Tools: Provides one with powerful tools for going deep into trend analysis and forecasting to provide data-driven insights that power every trading strategy.

Adaptive alerts: This allows the trader to set up alerts tailor-made in such a way that they will not miss important market moves based on their criteria.

Cons:

Subscription Dependence: Complete access to some of the features and all of the tools is by subscription only, which in turn may restrict many users who either do not want to or cannot afford to incur this added expense.

Overall Impression

Tickeron is a heavyweight toolbox for any trader dealing in stocks and ETFs, and its wide-ranging predictive capabilities could make the decision-making process far more advanced; this may entail restricted access because the complete capacity is locked behind subscription hurdles-offering no magic for shallow pockets and mixed asset trading interests.

4. Deriscope

Deriscope taps into the power of machine intelligence to provide the most advanced facility performing risk management and optimizations of portfolios under any given set of circumstances. It targets traders and financial analysts who need sophisticated instruments for efficient management of complex financial instruments.

Key Features:

It comes loaded with complex pricing models, which help in determining an appropriate valuation in a diverse set of financial instruments with the help of algorithms. In that direction, complete risk management tools are designed to assess and manage the associated risks with an investment portfolio. An API for custom integrations is available to smoothly integrate with any other financial software systems for enhancing workflow efficiency.

Exchanges and Supported Assets

Deriscope is one such software developed for all forms of financial instruments, including support for the most complex types of derivatives such as Options, Futures, Swaps, and many other types of structured products. Just this breadth of support makes it highly versatile across different financial sectors.

Pros and Cons:

Pros:

Complex Strategy Development: It allows the user to create advanced trading and investment strategies in a very sophisticated manner without requiring excessive prior knowledge in coding. 

Risk Analysis: It offers comprehensive risk analysis to manage and optimize a portfolio effectively.

Cons:

Overwhelming for the Newcomer: The level of features and focus on sophisticated instruments will make this bewildering to an individual who is relatively new to financial-type derivatives.

Niche Focus: While it is powerful for professional traders and analysts, it is less suited for those who need more general, less complex market-oriented tools.

Overall Impression

Deriscope would be a key tool for any high-order financial analysis professionals, offering customization solutions that leverage AI technologies in order to produce granular financial models and granular decision-making support. This position could make it less approachable to the casual or less experienced user by reason of its high-end focus and advanced functionalities.

5. Coinrule

Coinrule targets the beginning trader. It offers an intuitive interface with several out-of-the-box trading bots based on the very simple yet powerful “If This Then That” kind of logic, which makes it rather easy for a first-time user to step into cryptocurrency trading without prior experience in coding or even trading.

Key Features:

coinrule also has key trait characteristics such as Strategies Template, which builds up, provides the users predeveloped trading strategies that they can employ directly or modify.

It provides for Customizable Trading Bots, enabling the user to create and customize their bots, which in return will execute trades based on predefined set of rules.

It also provides for Demo Trading, which allows beginners to seek a risk-free environment where they could practice trading by using virtual money.

Assets and Exchanges Supported

Coinrule supports a number of exchanges, which makes it probably among the widest reaches of cryptocurrency trading platforms out there.

Pros and Cons:

Pros:

Highly Accessible: This platform is very simple in design and, therefore, easy to use even for a beginner. 

Customizability: Provides a great deal of avenues through which setup customization can be targeted at trading strategies and bots.

Cons:

Advanced Features Cost: Though the basic features are free, advanced ones are going to cost, thus perhaps acting to hold back users who happen to be on a stringent budget.

Overall Assessment

Coinrule is one of the excellent AI crypto trading tools for new and old participants in crypto trading; the intuitive design of the automated, rule-based trading bots framework shall demystify the first-time trading process and scale it up with advanced functionalities that more advanced traders can experiment with.

6. Cryptohopper

Cryptohopper enables automated trading with AI on several cryptocurrency exchanges, giving truly unique opportunities for both arbitrage and market making. It’s a platform that will help traders automate their strategies within the dynamic environment of the crypto market.

Key Features:

Cryptohopper features a Strategy Designer that will enable the interactive creation and implementation of trading strategies.

It also includes Backtesting, which enables the testing of the trading strategy against market data from the past for effectiveness prior to using it in a live environment. It also includes Automated Trading, providing a system for effective trades to be executed 24/7 when conditions are met with no need for manual intervention.

Exchanges and Assets Supported

Cryptohopper is compatible with a myriad of cryptocurrency exchanges, therefore increasing its utility for traders who use different platforms.

Pros and Cons:

Pros:

Complex Strategy Support: Advanced users will be able to create sophisticated trading strategies with all the comprehensive tools available through this platform.

Multi-Exchange Support: It is particularly feature-rich for traders looking to manage their portfolios across different exchanges from a single interface.

Cons:

The Advanced Features Come at a Cost: The more advanced features are quite pricey, accumulating operational costs for users.

Learning Curve: The learning curve may be a bit difficult for new users because of the detailed functionality on the platform.

Comprehensive Review

Cryptohopper belongs to a batch of the strongest platforms that stand out compared to others in their ability to implement effective and auto-trading strategy across many crypto exchanges. This makes it particularly useful for use cases like arbitrage and market making. 

7. Stock Hero

A simulated trading environment by Stock Hero will allow traders to fine-tune and improve trading strategies without taking real money risks. Additionally, preparation is before coding to easily set up the simulation platform in the real world. This is a very favourable factor particularly for beginners.

Key Features:

Stock Hero features a Strategy Designer that will enable the interactive creation and implementation of trading strategies.

It also includes Backtesting, which enables the testing of the trading strategy against market data from the past for effectiveness prior to using it in a live environment.

It also includes Automated Trading, providing a system for effective trades to be executed 24/7 when conditions are met with no need for manual intervention.

Exchanges and Assets Supported

Stock Hero is supporting a wide variety of assets traded across multiple exchanges. Users get to leverage the immense opportunities to test and deploy strategies with differences in the market.

Pros and Cons:

Pros:

Risk-Free Strategy Testing: This tool aids traders in testing their trade strategies or systems and in further fine-tuning them in a risk-free simulation environment.

User Interface Friendly: It allows the platform to be interface-friendly, making it simple for users to navigate throughout the platform and use its functionalities without the need for prior knowledge of coding.

Cons:

Transition to Real-World Trading: While the simulation was very useful in applying real trading experiences, transitioning these strategies into live markets might require additional risk management tools not provided in the simulation.

Depth of features: This tool may lack some of the deeper functionalities that are integrated into specific trading platforms. Therefore, professionals may find it limiting.

General Appraisal

Stock Hero is a good platform, especially for beginners or those trying new strategies in a safe manner. Backtesting is user-friendly in design and meaningful for experimenting and learning. However, to put such strategies into the live market, one might have to look for other advanced tools that are useful for effective practical risk management.

Benefits of Using AI in Trading

Artificial intelligence in trading integrates the approach that an individual has toward financial markets. However, some of the principal advantages of having AI in trading activities are as follows:

Speed

AI systems can process and analyze reams of data at speeds unreachable by any human trader. This faster-than-light data processing ability enables an AI stocks trading software to execute trades within milliseconds of identifying an opportunity. In markets whose prices change in a fraction of a second, such speed bespoke to the potential for profitable trades increases by a huge margin.

Accuracy

AI trade tools help improve the accuracy of trading decisions by using historical data and deep algorithm analysis to predict market trends. AI tools lower human errors and emotional biases and are therefore able to spot profitable trading opportunities with a higher degree of accuracy. This degree of accuracy reduces risks associated with merely speculative trading.

Ability to Back-test Strategies

The most impressive feature of AI in regard to trading is backtesting strategies developed against a vast body of historical data prior to applying them in the live markets. Within this process, traders tune their strategy to empirical evidence, increasing its effectiveness and adaptability across varying market conditions.

24/7 Market Monitoring

AI tools are capable of scanning the markets uninterruptedly, without breaks, tiredness, or failure. Only then will the trading strategies work precisely and in the right way. By using best AI trade tools traders are able to reap benefits by availing opportunities occurring outside typical hours of trade or during some unexpected market movements.

Overall Impact

AI trade tools have a huge competitive advantage by achieving operational efficiencies and making precise decisions in trading. It means that by using AI, traders are able to efficiently handle more assets, make better decisions, and scale up their trading operations.

How to Choose the Right AI Trade Tool for Your Needs

When trying to choose the right AI trade tool, consider all factors that best align with your trading needs and goals. Here are key factors to keep in mind:

1. Assessing Your Trading Style

You should know what kind of trader you are. Being a day trader, swing trader, or long-term investor will impact the kind of AI trading tool suitable for you. AI tools for day trading with real-time analytics and quick execution may suit day traders, while tools with strong forecasting features will be more suitable for long-term traders.

2. Budget Considerations

Best AI trade tools come at different prices. Some will give basic features for free and more advanced ones attached to their premium versions. Assess your budget’s reach and consider what AI trade tool meets your needs within your budget.

3. Testing and Trial Periods

Most online AI trading platforms include trials or demo periods that do not ask one for money. This is a godsent opportunity to check whether a tool will fit your trading strategy and whether it’s user-friendly enough.

4. Data Accuracy and Real-Time Analysis

In trading, information affects decisions, so the accuracy of data and its analysis in real-time is very important for AI-powered trading analysis tools. In a volatile market, such AI trading tools are highly instrumental in producing much-needed precision and up-to-date information about the markets.

Based on the points mentioned above, when selecting the right AI trade tool, one needs to do proper evaluation in terms of one’s trading style, budget, and data accuracy.

Challenges of Using AI Trade Tools

Despite all the benefits, there are several challenges that traders might face when integrating AI trading tools into their strategies.

1. Complexity and Learning Curve

Most AI trading tools arrive with steep learning curves, especially since traders are not quite accustomed to high-end technologies. One hardly sees how configuration of the tools could be done, interpretation of data outputs, optimization of algorithms, and many more, especially for freshers related to both trading as well as AI systems. This builds a certain level of complexity that chokes its application in practice without proper training or experience.

2. Data Quality Dependence

Due to the high importance that input data puts on quality and accuracy, not all AI trading tools can be effective. With overall poor decisions based upon inaccurate, not updated, or irrelevant data, trading outcomes will suffer when these are made. Therefore, you need to provide the AI trade tool with real-time quality data. This may even require additional proper resources or a subscription to premium data services.

3. Risk of Over-Reliance on Automation

While AI trading tools can automate a lot of trading processes, great use of automation may generally result in complacency. Commonly, traders might try to be less vigilant in monitoring their trades, assuming that AI will always make the best decision. Even the best AI trade tools are not infallible; they might fumble in unprecedented market conditions and can lead to huge losses if not carefully overseen.

There are, however, intrinsic challenges with AI trading tools, from a difficulty of operation to reliance on good data and, further, over-reliance on the automatism of the system. This paper will look into these challenges closely, as understanding them is considered crucial for effectively implementing AI in one’s trading strategy.

Conclusion

AI trade tools are quite indispensable for any kind of trader who wants to move further in strategizing in the market and making quite poignant decisions. What makes the tool very efficient is the speed and continuity of operation and accuracy. What is important is to choose the correct tool, considering a number of stipulated factors, which include trading style, budget, accuracy, and speed of data. While AI tools have all the potential to greatly improve trading outcomes, from a practical point of view at least two issues come into play: first is complexity, and second is dependency on high-quality data. By knowing these benefits and challenges, one could much better integrate best AI trade tools into some trading strategies, improving efficiency and profitability.

FAQs

1. How do AI trading tools handle market volatility?

AI trading tools are used for real-time condition analysis. If strategies are flexible and quickly change in order to cope with volatility, the effectiveness of these tools under extreme circumstances may differ according to the make of algorithms and the data in use.

2. What are the security considerations when using AI trading tools?

Security is probably the most important thing about AI trading tools. Traders need to do thorough research and gain evidence that proves the AI trade tools have flawless encryption and strong APIs, adhere to regulatory standards, and possess protective standards for sensitive financial data and transactions.

3. Do AI trading tools require constant monitoring?

Although these AI trading tools work independently in their operations, it is important to conduct periodic reviews of their performance. As already mentioned, market conditions change very fast; therefore, human checks are necessary to confirm if these are returns according to expectations from the tools.

4. Are there any legal restrictions on using AI trading tools?

AI trading tools are, for most parts of the world, perfectly legal. However, the regulatory perspective varies depending on the country and maybe market-specific. One should take good care to be aware of local legislation and the development of regulations for automated trading.

The post Best AI Trade Tools in 2024: Platforms for Smarter and Profitable Trading appeared first on Coinfomania.

Bet9ja offers traditional betting, while Mega Dice offers cryptocurrency betting with blockchain security and Telegram integration.

Since the invention of online casino sites, Africa has quickly become a popular hub for the world of live betting and casino games. With so many website options to choose from, Bet9ja and Mega Dice have found their way to becoming one of the most popular platforms available in 2024.

Bet9ja has been around for years and it has a reputation of being one of the most reliable websites in Nigeria. On the other hand, Mega Dice is a new crypto casino that has been offering exciting games that are built on blockchain.

Both of these sites are top competitors when it comes to online casino platforms in 2024.

Bet9ja: Nigeria’s Trusted Betting Platform

One of Nigeria’s leading sports gambling sites provides users with easy and rapid access to bet on sports events and play casino games.

The site is mostly reputable for its sports coverage, in particular football, with markets available on leagues from all over the world. The site offers betting on a variety of sports including basketball, tennis and cricket, as well as virtual sports, where you can gamble on the outcome of simulated versions of football, tennis and horseracing.

A prominent part of Bet9ja is the free-to-play football prediction game Super9ja, in which users guess the outcome of six selected matches and attempt to win ₦10,000,000. 

Nevertheless, Bet9ja is not perfect. Its limitations in offerings are clear – great for sports bettors and traditional casino players, but its UI/UX are not differentiated enough against international giants such as 1xBet or Stake. 

Furthermore, a website like Bet9ja is only of interest to a Nigerian audience, rather than to an international audience or those specifically seeking forward-thinking innovations such as the potential of cryptocurrency betting.

Mega Dice: Leading the Charge in Crypto-Based Betting

In contrast, Mega Dice is a young arrive to the online casino sector, having been launched in 2023, but it is well-poised to become a mainstay of the African iGaming space by catering to the growing cryptocurrency audience.

In light of the significant upsurge in the use of digital currencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) over the years, Mega Dice gives users the option of betting with any of these cryptocurrencies.

MAKE BETS ON OVER 30 GLOBAL SPORTS ON MEGA DICE

That’s the primary value of Mega Dice’s blockchain-based technology, which makes transactions secure and anonymous without leveraging banks. This is a key advantage in Africa, where hundreds of millions of people might want to gamble digitally but can’t because of the hassles that traditional banking creates for online transactions.

Using cryptocurrency, Mega Dice can make deposits and withdrawals convenient without the involvement of traditional banks.

Mega Dice is a licenced product of the government of Curaçao that is secured by the banking industry-standard SSL encryption. This sector of security is very important to the African market, where concerns about online fraud are high.

Innovative Mobile Access and User-Friendly Interface

Mega Dice’s biggest selling point and the reason it thrives, comes from its integration with Telegram, Africa’s most popular messaging app. 

Mega Dice’s user interface is designed to be simple as well, emulating the experience of betting at a real physical casino. 

Whether the customer is a veteran who has been a part of the online gambling experience from its early days, or someone who is attempting their first legal online bet, the betting interface is the same. 

The skilled programmers who developed Mega Dice have designed a user experience that enables the bettors to seamlessly move between the various casino games. Its sportsbook, too, provides great rates on odds for many events such as football, basketball, tennis, and esports. 

ACCESS 50 FREE SPINS WITH MEGA DICE

When comparing Bet9ja and Mega Dice, several key differences emerge:

 – Payment: With the rising trend of cashless systems, Mega Dice provides more options, such as cryptocurrencies, while betting with Bet9ja commonly involves using cash at point-of-sale (POS) terminals.

 – Mobile-friendliness: Both platforms are mobile-friendly, but Mega Dice is far more integrated within Telegram’s messenger ecosystem, a natural advantage in Africa’s mobile-first market. 

 – Betting Variety: Bet9ja mostly provides the Nigerian market with sports betting and regular casino games. Whereas Mega Dice focuses on the global market and provides more options when it comes to slots, table games, live dealer gaming and esports betting options.

 – Bonuses and incentives: While Bet9ja has a promotion called Super9ja, Mega Dice offers crypto bonuses, including a welcome package composed of a bonus of 200% up to 1 BTC, as well as 50 free spins.

Which Platform Stands Out in 2024?

Mega Dice is the future of online gambling, especially in Africa, where traditional banking systems sometimes makes it quite challenging to buy digital credits within a betting app. 

This is mainly due to the fact that one must have either the app itself or the necessary data to download it to access its service. 

With cryptocurrency as the method of payment, blockchain security and a mobile-first philosophy through Telegram, Mega Dice provides a more modern, versatile and potentially more profitable gambling solution. 

The post Casino Bet9ja vs Telegram Casino Mega Dice: Which is The Best Blockchain Casino in 2024? appeared first on Coinfomania.

The crypto prices showed mixed trading patterns in the early Asian trading hours today. An overview of the market through the crypto heat map shows that most of the coins are in green and others in red. Bitcoin has mostly oscillated between the green and red territory in the last 24 hours.

Notably, the total market valuation spiked by 0.43% to rest at $2.25 trillion with a 14.24% decline in the 24-hour trading volume to $64.92 billion. Trending altcoin Sei (SEI) has relinquished its rally and is trading in red at the time of writing. With these movements, investors’ market sentiment is stuck in ‘neutral,’ as depicted by the crypto fear and greed index data. Let us look at how some of the top cryptocurrencies have moved over the last day.

Top Crypto Prices Today

Bitcoin has traded as low as $62,811.76 and as high as $63,984.64 in the last 24 hours. At the time of writing, the price of BTC changed hands at $63,829, representing a marginal 0.01% uptick. Meanwhile, its one-day trading volume dropped by 17.23% to $24.8 billion.

Interestingly, Bitcoin has continued to enjoy significant inflow in its ETF products over the last week. Soso Value data show that BTC ETFs recorded a daily total net inflow of $105.84 million as of September 25.

Source: CoinMarketCap

Meanwhile, Ethereum charted a different course at the time of writing. The price of ETH, the leading altcoin, moved up by 0.24% to rest at $2,628. However, its 24-hour trading volume dipped by 11.53% to $14.3 billion.

Ethereum has struggled to sustain its price above $2.6k amid heavy whale dumps to centralized exchanges. It is important to note that Ethereum ETFs also enjoyed notable inflows as of Sept 25. Data shows that ETH ETFs saw a total inflow of $43.23 million.

Other Altcoin Prices

Solana recorded an uptrend over the last day. SOL price increased by 1.19% and traded at $151.33. Solana’s one-day low and high touched $147.03 and $152.46 respectively. Also, the SOL’s market cap reached $70.94 billion at the time of writing.

Meanwhile, XRP declined at the time of writing. The XRP price shed 0.19% in the past 24 hours to trade at $0.5866. The coin moved between the bottom and peak of $0.5767 and $0.5919, respectively. Finally, XRP’s market cap stood at $33.15 billion today.

Binance Coin (BNB) saw marginal losses at the time of writing. The Binance native coin declined by 0.05% to reach $595.65 and maintained a 24-hour trading range of $582.44 and $599.92 respectively. The TRX price added 0.79% to trade at $0.1518 with 24-hour lows and highs of $0.1494 and $0.1519 respectively.

Meanwhile, the layer-1 blockchain coin Sei (SEI) has lost the momentum it ignited over the last week. The trending coin dropped by over 2% earlier today but has however covered up for some of the losses. At the time of writing, SEI traded at $0.4522, representing a 1.42% decline in the last 24 hours.

Earlier today, Coinfomania reported a potential price upsurge in its SEI price prediction. The analysis showed that SEI has the potential to jump toward $0.7 and then to $1 if it can rekindle and sustain its rally.

Source: CoinMarketCap Top Trending Crypto Gainers Today

Eigenpie (EGP) skyrocketed by 84.33% to reach $7.77

Baby Doge Coin (1MBABYDOGE) surged 17.67% to $0.0023

Worldcoin (WLD) moved up by 15.39% to $2.10

Starknet (STRK) jumped by 12.66% to $0.4845

Banana Gun (BANANA) added 12.28% to $42.95

The post Crypto Price Update September 26: BTC Returns to $63K, SEI Tanks 2% appeared first on Coinfomania.

The broader crypto market fed on the momentum ignited by the September Federal Reserve rate cut of 50bps. Following this decision, a notable rally occurred, pushing the prices of assets to new monthly highs. Bitcoin, the flagship cryptocurrency rose past $64k, ETH mirrored these gains, and the broader altcoin market did the same.

One coin that also stood out within this period is Sei (SEI). Over the past seven days, the layer-1 blockchain coin skyrocketed by 35%, positioning it as one of the top prominent gainers for the week. Several on-chain data reflect growth on the network which has translated to the movement its native coin currently experiences. With this, investors are wondering what next for the token, will it hit $1 soon? Let us find out.

Sei Network Metrics Reflect Bullish

According to recent data from Seitrace, a dedicated Sei network tracker, Sei’s on-chain metrics have consistently grown, demonstrating bullish capacity. Metrics like the number of transactions, number of accounts, and transaction success rates were considered.

Per the tracker, the number of daily transactions on the SEI blockchain surged exponentially by 42x, from 90,000 on September 14, to to 4.2 million on September 15. Since then, the number has consolidated between 4.2 million and 4.47 million. As of Sept 25, the total daily transactions were recorded at 4.39 million.

The rise in daily transactions indicates growing demand and adoption of the network which can positively impact the price of the coin. Consequently, the total transactions on the Sei network now stand at 517 million.

SEI daily transaction data | Source: Seitrace

Moreover, the total number of wallet addresses on the Sei network jumped to a staggering 3.146 million at the time of writing. The increase in the number of connected wallets and transactions signifies its acceptance and growing position in the layer-1 blockchain space.

Additionally, the blockchain boasts of a high transaction success rate, compared to its pairs. Seitrace data shows that Sei has a transaction success rate of 0.977. What this implies is that most of the transactions conducted on the network were completed. This can boost user confidence as it demonstrates the network’s reliability.

Also, the total gas usage on the network is now more than 3 million. Ultimately, the number of contracts has jumped to approximately 15.56k. The increase in gas usage and the number of contracts suggest a growing network activity and development.

Source: Seitrace SEI Prediction, Will SEI Hit $1 Soon?

SEI was up by 0.53%, trading at $0.4553 at press time. It’s intraday low and high were recorded at $0.4424 and $0.4691 respectively. Recall that SEI reached its all-time high in March 2024, after it surged to $1.14, about 59.7% above its current level. Investors are now wondering if the coin can replicate the six-month-ago rally.

From its launch in the third quarter of 2023 to date, SEI has skyrocketed by 5,589.40% according to CoinMarketCap data. This rapid growth triggered a wide sell-off that forced the price of the coin to drop, forming a descending channel.

Following the decline, a new support was formed at $0.2500. Throughout the third quarter of 2024, SEI tried to break above 20-day and 50-day EMA bands. This led to a consolidation phase between $0.2 and $0.45.

However, the recent surge in SEI price pushed it beyond the 200-day EMA bands, consequently, there has been a notable change of character (ChoCH) above $0.4150 and the 200-day EMA.

With this newly ignited bullish momentum, SEI is predicted to soar to $0.6, before targeting the next levels of $0.78 and $0.96 respectively. However, if the momentum does not hold, the price might consolidate above the 200-day EMA which could raise more concerns and potential declines.

The post Sei Price Prediction September 26: SEI Surges 35%, is $1 in Sight? appeared first on Coinfomania.

Cardano Founder Charles Hoskinson has publicly addressed recent reports about Ethereum’s governance model, which have sparked controversy due to claims of centralized control. 

Speaking during the TOKEN2049 conference in Singapore, Hoskinson, a co-founder of Ethereum, clarified his comments regarding Ethereum’s reliance on co-founder Vitalik Buterin for decision-making. He expressed frustration with media outlets, stating that his remarks were intended to highlight structural challenges within Ethereum, not to criticize Buterin personally.

Hoskinson Responds to Ethereum Governance Claims

In the TOKEN2049 event, Hoskinson adjourned to Ethereum’s governance system, whereby he noted that Buterin has a significant say in the processes. He noted that although Buterin is influential, it is wrong to suggest that he has total control over Ethereum’s ventures. 

As for decentralization, Hoskinson pointed they are still relying on the Ethereum Foundation and its constituencies for decisions. His comments were concerned with looking at the centralisation bias in Ethereum and comparing it to the decentralisation bias of Cardano’s system of governance.

Some of Hoskinson’s remarks produced headlines that portrayed his statements as calling Buterin’s impact as a dictatorship. However, he was quick to dismiss such reports to the effect that while making his observations on the sides he did take issues with, he had not had to lineup Buterin with the names of Gorilla and Chimp.

 Frustration Over Sensationalist Media Coverage

In response to the media coverage of his comments, Hoskinson announced his decision to halt interviews. He voiced his frustration on X (formerly Twitter), sharing his displeasure with how the media had misinterpreted his statements. 

“I’m just going to stop giving you guys interviews. I’ve had enough of the dramatic headlines and wasted interviews,” 

Hoskinson posted, indicating that he will no longer participate in media engagements that do not accurately represent his views.

I'm just going to stop giving you guys interviews. I've had enough of the dramatic headlines and wasted interviews

— Charles Hoskinson (@IOHK_Charles) September 25, 2024

Cardano Advances Decentralized Governance with Voltaire Era

Meanwhile, Cardano entered a new development phase with the launch of the Voltaire era, following the Chang hard fork. This era aims to advance decentralized governance by introducing a community-driven approach. 

ADA holders can now select decentralized representatives (Dreps) to manage the network’s affairs, ensuring a more transparent and inclusive decision-making process. The Voltaire era seeks to balance efficiency, effectiveness, and integrity within Cardano’s governance framework.

In addition, Hoskinson is set to discuss blockchain’s transformative potential during the upcoming Tech Forum Argentina, where he will meet with President Javier Milei on October 19. 

At the time of this report, Cardano’s price was trading at $0.381783, with a 24-hour trading volume of $340,078,951. Cardano has seen a 2.56% increase in the last 24 hours, ranking #10 on CoinMarketCap, with a market cap of $13.34 billion.

The post Cardano Founder Refutes Ethereum ‘Dictatorship’ Claims, Criticizes Misleading Headlines appeared first on Coinfomania.

The Catizen Project provides the most thrilling and creative combination of GameFi, Metaverse, and Artificial Intelligence (AI). Catizen adds an unusual twist to the gameplay by revolving around cats. Users can manage decentralized finance, play games, or travel the metaverse—and all through the use of advanced AI technology.

Project Overview

Catizen positions itself as a cutting-edge cat-themed game on Telegram. It is an exciting mixture of GameFi, Metaverse, and AI. Built on The Open Network (TON) and Mantle ecosystems, the project has been bolstered, with good partnerships, from the likes of Binance Labs making it credible in the crypto and gaming blockchain space.

Key Features of Catizen:

Introducing GameFi integration that allows users to participate in play to earn aspects of the games.

Metaverse and artificial intelligence applications to be able to create more user-friendly applications.

Use of telegram to ensure everyone can access and interact with ease.

The game is designed in such a way that it offers several benefits to the players which include staking, airdrops, and mining of tokens. These attributes help in positioning the Catizen project as among the best contenders in blockchain gaming so far.

Token Allocation

The total supply of $CATI tokens is fixed at 1 billion, with the relative distribution quite favorable overall and aims for the long term and with sufficient outreach for the community. The following table presents the information in relation to the token allocation:

The highest percentage of tokens (40%) will be set aside for Airdrops/Ecosystem, in order to proffuse usage. The next largest, Treasury and Team, receive 20% each, providing not only financial resources but also rewards to the project’s developers and key players. This manner of redistribution shows their intention to grow and sustain the overall project for a long time.

6-Stage Implementation Plan

The Catizen roadmap is divided into six distinct phases, with the objective of increasing the utilization of the platform and its audience.

Phase 1 (Q1 2024): Make a release of a Catizen educational mini-game, prompting users to set up wallets via airdrops to boost user participation.

Phase 2 (Q2 2024): Include Catizen Launchpool which will enable users to stake characters and mine governance tokens ($wCATI Score).

Phase 3 (Q2 2024): Initiation introduction of Game Center allowing users to mine additional tokens by staking $CATI.

Phase 4 (Q3 2024): Launch a vertical for a short video content to get more female users on the platform.

Phase 5 (Q3 2024): Open task platform to procure more projects within the TON Eco system thereby increasing catizen traffic.

Phase 6 (Q1 2025): Introduce an e-commerce platform that will facilitate the integration of $CATI token usage into everyday transactions.

This staged roadmap indicates the team’s structured and long-term vision to grow the Catizen ecosystem. At the same time each phase adds new possibilities for the users – starting from educational elements, moving to sophisticated staking and games, ending with commerce.

Token Release Schedule

The management of the token release schedule attempts to prevent excessive release of the tokens or ‘dumping’ in a single instance that would undermine the market value of the token. The token release schedule graph covers the period from September 2024 to September 2029.

The gradual release of tokens over five years supports long-term price stability and ensures that early investors, team members, and contributors remain committed to the project’s growth. As the ecosystem matures, more tokens are allocated to different segments, such as the seed round, strategic round, Binance launchpool, team, liquidity, airdrops, treasury, and advisor allocations.

Key Milestones Achieved

Catizen has also traversed a number of important milestones. These achievements enable the project to claim a significant stake in GameFi.

These milestones demonstrate growing visibility of the project in the crypto & gaming sphere and their capability of achieving development milestones.

Tokenomics and Governance

The Catizen system uses the $CATI tokens that can be utilized for governance as well as ecosystem engagement. Those willing to stake these $CATI tokens can participate in the decision-making process and enhance the platform’s decentralization. This administrative structure has ensured that no one person has control over the entire community, allowing both players and token holders to participate in the key strategic decisions of the project.

The governance system includes:

Deciding on changes or additions to game features as well as other game elements that interact with the game economy.

Staking opportunities for users to earn rewards and governance power.

Token rewards, airdrops, and other incentives that encourage participants to stay.

Partnership Network

Catizen has established strong partnerships with several key players present in the Blockchain and Crypto ecosystems. The following collaborations are advantageous for the project’s ecosystem:

TON

Mantle

Mirana Ventures

NGC Ventures

EMURGO Ventures

These partnerships create a strong base for the development of the project for new market exposure and penetration of other blockchain ecosystems.

Development Team

The Catizen team consists extremely of well skilled leaders from blockchain and gaming industries.

David (CEO): Co-founder/CEO of Pluto Studio and Catizen, who has experience in Web3 and management of investment funds.

Pierce (CMO): Co-founder and CMO of Pluto Studio, specializing in portfolio management and Web3 development.

Stanislav (CPO): A music composer and sound designer who comes with projects like yandere simulator and project olympus war.

They hold strong credentials in technology, games as well as the business, which swims very well for Catizen, in the GameFi sector.

Future Outlook

The 6-stage implementation plan by Catizen, the growing community and solid tokenomics all ensure a bright future for the project within the blockchain gaming domain. Moving onto Phase 2 of the project and further, users may anticipate increased number of new games on offer, more staking options and greater use of $CATI token that will also support E-commerce.

Catizen has the ability to capture the attention of users from both the games and cryptocurrencies industry as it has GameFi, AI, and Metaverse elements all rolled into one. Further, its key lies in forming marketing alliances with big players and staged token release provides construction for expansion in the future.

Final Thoughts

Catizen is a promising project that utilizes both gaming and blockchain technology while involving artificial intelligence. Given the adequate dev team, thoughtful framework, and strong partners the game has all the chances to become quite a power in the GameFi business. Both investors and gamers should watch the evolution of Catizen as new features are being introduced in the coming years.

The post Catizen Project Review: A Blend of GameFi, AI, and the Metaverse appeared first on Coinfomania.

The renewed bull rally in the crypto market has seen top meme coins like PEPE and Shiba Inu (SHIB) record double-digit weekly gains. As a result, investors have started flocking to these tokens. However, RCO Finance (RCOF), an emerging Ethereum presale token, has received the lion’s share of investor interest.

Why are investors picking RCO Finance (RCOF) over PEPE and Shiba Inu (SHIB)? Let’s find out!

PEPE Pumps 10% in a Week: What’s Coming Next?

PEPE has performed impressively over the past week, raking in double-digit gains. On September 17, PEPE was changing hands at around $0.000007415. After recording marginal losses for two days, PEPE shot up on September 19 after Bitcoin (BTC) climbed past $63,400, taking the altcoin market on a bullish ride. 

This bullish trend saw PEPE climb as high as $0.000008667 on September 24 before stabilizing at around $0.000008352. This price means PEPE has surged 10% in a week. Furthermore, PEPE’s 24-hour trading volume has jumped 22%, indicating a growing buying force that might keep the bull run in this Ethereum-based token going. 

Shiba Inu Jumps 10% in a Week: More Gains Coming?

Like PEPE, Shiba Inu has recorded notable gains over the past seven days. On September 17, Shiba Inu was hovering around $0.00001338. SHIB mirrored Bitcoin’s price movement on September 19 after the leading crypto by market capitalization surged past the crucial $63,800 level, setting the stage for further growth. 

Specifically, SHIB climbed as high as $0.00001504 on September 22. By September 24, Shiba Inu (SHIB) had stabilized at around $0.00001480. This price means Shiba Inu has gained 10% in a week. Also, the 24-hour SHIB trading volume has dropped by 9%, signaling shrinking investor interest, which might erase recent gains. 

RCOF: A One-Of-Kind Presale Opportunity!

Despite PEPE and Shiba Inu surging by double-digits, investors are shifting to RCOF, a new Ethereum presale token that has made significant progress thus far. The growing interest in RCOF has seen it secure over $2.09 million thus far into its presale. Investors are embracing RCOF because its presale holds enormous growth potential. 

Also, RCOF has won over investors because of its utility within RCO Finance’s crypto AI platform. This Ethereum presale token has strong tokenomics, comprising a limited supply of 800 million coins and a deflationary tool to control inflation. These features explain why investors are buzzing about RCOF. 

As of September 24, RCOF had initiated Stage 2 of its presale at $0.0344. This price is set to increase as this Ethereum presale token inches closer to its projected listing price of $0.4-$0.6. As such, Stage 2 investors stand to get massive returns when this Ethereum presale token launches. 

Moreover, experts believe RCOF will pump 1,478% in 67 days, surpassing PEPE’s 1,225% surge in 2024. This forecast and the fact that SolidProof, a top player in the blockchain security field, audited the smart contract of this Ethereum presale token makes it a once-in-a-lifetime investment opportunity. 

RCO Finance: A Crypto AI Platform With RWA Tokenization!

Investors are flocking to RCO Finance, an emerging DeFi platform, to diversify their investment portfolios. RCO Finance has won over investors because it supports tokenizing real-world assets (RWA). 

This helps the platform offer investors access to over 120,000 assets across 12,500+ crypto and TradFi classes. 

Investors are also embracing RCO Finance because of its top feature, an AI-powered robo advisor. Notably, the RCO Finance robo advisor is the only completely AI-driven trading tool in the crypto sector because it uses complex algorithms and machine learning to offer custom investment advice. 

Specifically, the robo advisor monitors market conditions, gathers pertinent data, and pairs it with an investor’s risk tolerance and financial goals. This approach helps investors decide on the best time to purchase or sell specific assets for maximum profitability and minimal risk. 

As an added benefit, the robo advisor can automatically complete trades on an investor’s behalf. This functionality enables the robo advisor to catch and act on market opportunities matching investor preferences. Additionally, the robo advisor offers free tax and financial legal advice to help investors stay compliant. 

RCO Finance has also emerged as a top investment platform because it offers perks like near-zero trading fees, fast transactions, non-KYC debit cards, a pre-derivatives offering, and yield farming. These features explain why you should embrace the RCO Finance crypto AI revolution. 

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

The post While PEPE and Shiba Inu Double, this Ethereum Presale Token Eyes 1,478% Rally in 67 Days appeared first on Coinfomania.

In order to make a smart investment in cryptocurrency, one must consider it on both a short and long term basis. If someone is thinking about making money fast, then they need to understand the sustainability of these virtual coins. What this article does is find out which might possibly be the most profitable and best long-term crypto investment for you?

The landscape has greatly changed since Bitcoin came into being. A person can identify a good investment for a long time by studying market trends, technology strength and fundamental soundness. We are going to discuss some such coins which have potential for growth in value over years as well as usefulness in real world applications while not being too volatile within months like most coins.

This guide is meant for investors who want to choose cryptos that will most likely appreciate significantly in value over time. Therefore it adopts an analytical approach towards identifying such digital assets for 2024 where they have stable growth potential and offer high upside prospects as well.

Best long-term crypto investment

Bitcoin

Ethereum

Chainlink

Cardano

XRP

Toncoin

Solana

Avalanche

Shiba Inu

Polkadot

In the section below, we will discuss all these long-term investment options in detail. We will analyze their unique aspects, possible returns and what sets them apart as good picks this year. Be sure to read through the end so that you can find everything that makes those assets valuable for the best long-term crypto investments in 2024.

Bitcoin (BTC)

Bitcoin, which came into existence in 2009, is commonly described as ‘digital gold’ and remains an optimal choice for long-term cryptocurrency investments. It was responsible for introducing blockchain technology and decentralized finance to the world with only 21 million ever created which adds value to this investment option. Currently Bitcoin has over $1 trillion market capitalization representing more than half (55%) dominance over other cryptocurrencies combined in terms of value traded globally.

Spot Bitcoin ETFs were launched leading to a sudden surge in value that saw its highest peak recorded so far; $73,750 in March 2024 according to recent developments . Such events increase general acceptance among people thus attracting more money from investors hence causing prices to go up rapidly.

Tokenomics refers mainly to the fixed supply aspect of bitcoin as well as its halving events. On April 19th 2024 mining rewards were once again reduced through halving. This tends to lead into periods where prices go up significantly due scarcity.

Some factors that could contribute to future growth include:

Becoming more universally accepted means for payments or stores of wealth

More institutions adopting or investing into crypto-assets like BTC

Acting as inflation hedge against fiat currencies which could lose value rapidly over time

Ongoing improvements within bitcoin network technology itself such lightning network etc

For those interested in making long-term investments, bitcoin offers security through decentralization features coupled with strong defense mechanisms. Being the first also gives it an edge since people tend not forget their pioneers easily hence they have higher chances for success compared others who come later

Ethereum (ETH)

Since its creation in 2015, Ethereum has been one of the most influential blockchain platforms. It is famous for enabling smart contracts and decentralized applications (dApps), which are essential components of decentralized finance (DeFi) and non-fungible token (NFT) ecosystems. Ethereum has a market capitalization of $320 bn along with a YTD return rate of 52%.

The transition from Proof-of-Work to Proof-of-Stake by Ethereum in 2022 increased network security while reducing energy consumption. Ethereum’s ongoing upgrades such as Ethereum 2.0; the Dencun upgrade in March 2024 among others aim at improving scalability and transaction efficiency on the blockchain system. In addition to this, EIP-1559 was introduced last year which changed ethereum’s tokenomics into a deflationary model causing decrease in circulating supply over time.

Currently, there are approximately 120 million ETH coins in circulation. Decrease in number can be achieved through burning some transaction fees thereby reducing the amount available for circulation thus potentially leading to long term increase in value. Also, Arbitrum as well as Optimism among other layer two solutions are currently supported by ethereum where they offer faster transactions with lower fees while taking advantage of security provided by ethereum network itself.

Factors that will contribute towards future growth:

Institutional investors’ growing interest increases Ethereum’s credibility and market share.

What sparks Ethereum’s expansion are regular updates and an active community of developers.

They choose DeFi platforms on Ethereum as their first stop because it is the most popular among them.

Among other things, Ethereum’s position as a leader in NFTs underscores its value as a digital asset creation and trading platform.

By adopting layer 2 solutions that enhance transaction efficiency, Ethereum can become more usable and attractive.

Chainlink (LINK)

Chainlink is a decentralized oracle network that provides smart contracts with access to real-world data. It has displayed resilience in the market, being 80% down from its peak of this year so far in August 2024. The token has high market capitalization and can be traded on most major exchanges therefore offering greater liquidity.

Payment within the system takes place through links between staking nodes as required by Chainlink.The circulating supply of LINK totals over five hundred million tokens while the total supply exceeds one billion. Chainlink’s security design mandates numerous oracles for ensuring integrity of fed information besides preventing single points of failure.

Integration strategies seem successful given recent events like stabilization at prices due to things such as whales investing more heavily than normal or even institutions would do also including 21 Shares ETF among others.Decentralized Finance applications rely heavily upon Chainlink’s decentralized oracle services thus making DeFi possible. Chain Link therefore forms part of the Web3 foundation that supports other apps build upon it .

Factors contributing to Future Growth:

Allows real-time data in smart contracts providing necessary dApp functionalities;

Chainlink’s oracles are necessary for accurate smart contract execution as blockchain adoption increases

Collaborating with big financial institutions and blockchains improve ecosystem integration;

Securing incentivizes nodes operators since they are used for network operations also link tokens are vital in securing the network 

Having a team made up of professionals who have transacted more than $7 trillion gives them the much-needed credibility

The way Chainlink acts as a bridge between on-chain activities and off-chain information sources ensures its relevance within changing crypto landscapes thus it becomes one among potential candidates for best long-term cryptocurrency investments.

Cardano (ADA)

Cardano is a decentralized blockchain platform supporting smart contracts and dApps. It was built by Charles Hoskinson and relies on Ouroboros, a proof-of-stake algorithm that consumes less energy compared to proof-of-work systems.

The network itself runs on ADA tokens which power transactions as well as other operations. Currently, there exist 45 billion ADA with approximately 35 billion in circulation.

The recent market performance indicates ADA maintaining position number ten by market cap thus showing its great success among other digital assets. However slow growth has been witnessed in comparison to other major cryptocurrencies but this makes it one of best long term investments crypto due its strong foundations technologically speaking coupled with continuous improvements being made on them.

Factors which could fuel future growth for Cardano:

Upcoming Hydra upgrade aims at boosting transaction throughput up to one million per second;

Chang hard fork, decentralized governance brings transparency into networks while giving users control over them

Slow but secure and scalable development approach through research: It takes time but guarantees safety

Partnerships with organizations/governments create larger ecosystems leading adoption speed;

Continuous updates combined with team commitment should see more advanced features built on this platform sooner or later.

Cardano’s multi-tiered design which separates the ledger from transaction reasons further strengthens security and flexibility on the platform. With Voltaire phase’s latest update – Node 9.0, Cardano has shown its dedication towards continuous improvement that will keep ADA competitive against other cryptocurrencies in an ever-evolving crypto scene.

XRP

On 2 June 2012 the Ripple network obtained its first circulating currency: Ripple (XRP) was developed by David Schwartz, Jed McCaleb, and Arthur Britto. This is one of the software products manufactured by Ripple Labs seeking to change the way money is transferred globally. This cryptocurrency especially targets the cross-border marketplaces which have got numerous services being delivered through the click of a button or online transactions that only take seconds or minutes to conclude.

Perhaps, the distinctive feature of this cryptocurrency and its ecosystem is the use of the XRP Ledger Consensus Protocol to obtain energy efficiency unlike most other cryptocurrencies that rely on other energy consuming ways. It is therefore environmentally friendly when compared against its peers on this basis alone. Besides being able to handle large numbers of transactions very quickly and inexpensively, these qualities also make it attractive for use in making huge transfers.

At present time there are about $32 billion worth XRP coins available for buying or selling as market capitalization while 56 billion XRPs are circulating around out of total supply limit set at 100 billion units. With such strong tokenomics backed by strategic moves from Ripple, long term investors looking into cryptocurrencies should consider investing into XRP because they have best chances among all others.

Recently Ripple invested $10M into tokenized treasury bills on XRP Ledger which shows how much utility XRP has gained with real world asset tokenization taking place around its ecosystem supported through OpenEden among other initiatives too indicating wider applications than just finance industry alone.

Factors contributing to future growth:

Increased adoption in cross-border payments

Strategic investments in tokenized assets

Expansion into new markets and partnerships

Environmental sustainability through energy-efficient consensus

Growing recognition as a reliable asset for long-term investments

Toncoin (TON)

The Telegram Open Network (TON) is the birthplace of Toncoin, which was given a new lease of life by The Open Network Foundation. Even though formerly created by Telegram, Toncoin is now operated by the TON Foundation which has no official connection with its previous parent company. Despite facing legal problems, Toncoin has become one of the most popular cryptocurrencies in terms of market capitalization where it holds a position within top ten leaders.

Tonchain scales well and supports intelligent contracts. It works on Proof-of-Stake consensus model while initial distribution adopted Proof-of-Work. The blockchain can handle millions transactions per second thereby making it possible for developers to build decentralized applications within Telegram.

At this moment in time, integration with Telegram’s vast user base has driven up Toncoin’s market capitalization ranking it among top ten cryptocurrencies. There are many coins in circulation but total supply was capped at 5 billion coins.

Since its listing on Binance exchange there has been an impressive rally where TON gained more than 20% recently which makes us think about this cryptocurrency as one of the best long-term investments in general but especially taking into account ongoing integration into such popular messengers like Telegram.

Factors fueling Toncoin grow even further are:

Integration with Telegram, access to their 700 million user base worldwide

High transaction speed combined with scalability – developers love fast systems!

Strong community support via TON Foundation

Scarcity ensured because there are only a limited amount (5 billion) tokens available ever.

Listing on Binance brought much needed liquidity coupled with accessibility through different trading pairs provided by this platform

Solana (SOL)

Solana was created as a blockchain network that could process transactions more quickly and cheaply. It can sustain up to 50,000 transactions per second using its unique Proof-of-History method along with Proof-of-Stake. When it comes to scalability, it is among the quickest platforms for decentralized apps (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs) that exist. The design of this system was made in such a way as to ensure global security and trust.

The popularity of Solana has grown significantly since its launch in 2020 – network activity has surged along with total value locked, which reached $7.1 billion. At present there are 466 million SOL circulating supply tokens out there against a total supply set at 582 million. Despite volatility on markets, this cryptocurrency still remains one of the strongest candidates for long-term investments in terms of technical capabilities and development around it.

Current market trends indicate wider adoption mainly driven by speculations about possible Solana spot ETF introduction as well as increased number of active addresses having risen from 830k recorded early July to 1,290k by end July. Although SOL experienced some price swings recently, its innovative technology coupled with strong community backing suggests potential future growth opportunities for this digital asset.

Factors for Future Growth:

More Solana-based dApps and DeFi platforms have started being adopted.

Institutional investors are more interested because they are speculating on ETFs.

It has become possible for users to access these services through their mobile phones which can connect with block chains.

Solana has cheaper transaction charges per developer attracting them while keeping their costs low also.

They continue developing and making technical improvements as skilled professionals.

Avalanche (AVAX)

Avalanche is known for being scalable, fast and decentralized among other things in the blockchain space. The platform has subnets which are dedicated chains that can be modified to fit different use-cases; some large gaming projects such as DeFi Kingdoms and Shrapnel have adopted these subnets.

Tokenomics on Avalanche are robust: there’s a maximum supply of 715 million AVAX. As transaction fees get burned, it reduces circulating supply thus possibly appreciating tokens’ value with time, this deflationary style together with quick transaction speeds and cheap fees makes Avalanche one of the strongest long-term investments you could make in crypto!

In the recent past, there has been downward pressure on price levels mainly caused by impending token unlocks; however this does not hinder Avalanche’s market capitalization strength since its burn mechanism ensures proper management of circulating supply impacting market demand dynamics.

Factors that could contribute to Avalanches future growth:

Supports decentralized finance (DeFi) and non-fungible tokens (NFTs) with high compatibility

Porting ethereum assets increases its appeal.

It offers unique consensus mechanism which provides both speed and security

Supply cap as well as transaction fee burning reduces number in circulation over time

Its network effects are strengthened through increase in number developer communities alongside validators

Shiba Inu (SHIB)

Shiba Inu is a digital token which was born out of the Ethereum Blockchain. This meme coin has gained popularity as it offers a decentralized finance platform with unique use cases such as games, financial services and NFTs. This makes SHIB stand out among other meme coins because it actually has some real-world utility; thus making it one of the best long-term investments in cryptocurrency.

Shiba Inu employs liquidity protocols to yield farms, using safe pools on ShibaSwap. It also works with Ethereum Virtual Machine (EVM) so that smart contracts can be built and dApps launched by developers. The project is expanding through initiatives such as Shibaverse which is a decentralized metaverse among others that add more value into their system.

Market performance of Shiba Inu has been showing some interesting patterns lately. With the current price being $0.0000135 there is potential for breaking through several important resistance levels. The market capitalization stands at around $7.9 billion dollars and 589 trillion SHIB are circulating while the maximum supply amounts to 1 quadrillion tokens.

Introducing Shibarium as a layer-2 scaling solution will help improve scalability so that many users can join over time without experiencing any issues related to transaction speeds or gas fees being high always due to congestion within network blocks being full all time thus supporting more users and dApps overtime on the platform.

Some things contributing towards success include:

More people will be attracted because of the scalability enhancements brought forth by Shibarium.

With new dApps being introduced there will be lots more things for people to do on the platform itself thus enhancing its ecosystem even further.

Polkadot (DOT)

Polkadot emerges as one the most promising long-term cryptocurrency investments by addressing blockchain interoperability.Different chains can communicate courtesy of its unique design which allows for this.Para-chains and substrate framework that facilitates custom blockchain development are examples of the core features in the platform.

Governance and network security enhancement is crucially played by DOT, Polkadot’s native token. To receive rewards of up to 14%, investors stake DOT thereby making it attractive.However, they should be aware that there will be an increase in token supply since inflation per year stands at around eleven percent.

Scalability issues have been solved by Polka dots scalability solutions which are limited by many other blockchains.The network has the ability to process up to a thousand transactions per second thus outdoing most competitors.In addition shared security model enhances overall ecosystem strength.

Projects continue being built on its platform due to developers being attracted by the flexibility shown by this organization.This shows great potential for future growth.Another thing is adaptability towards new technologies ensure relevance even after some time has passed from when they were created

Factors Contributing Towards Future Growth:

Polkadot solves blockchain scalability problems by supporting high transaction throughput on its parachain model.

In the multi-blockchain future, Polkadot may become a very important player due to its ability to connect different chains together.

For the adaptation to be easy, DOT token holders make decisions on how the protocol should work without necessarily causing hard forks.

Reliability of the whole system is enhanced through shared security among different parachains in Polkadot.

Furthermore, sustainability in the long run is indicated by a growing ecosystem of Polkadot which attracts developers and projects alike.

Polkadot is one of the best long-term investments because it combines democratic governance with strong security and a rapidly growing number of projects built on its platform. This potential for sustained growth is further reinforced by expanding development within the ecosystem as well as an increasing number of projects being built on top of it.

Factors to consider while selecting long-term crypto investments

There are several things that should be considered when selecting a long-term cryptocurrency investment. Here are some important factors:

Market Fundamentals: 

One should evaluate the market fundamentals of any given digital currency. This can be done by looking at figures like market capitalization, trading volume and historical performance among others. Presence in strong markets coupled with continuous trade activities indicate stability and confidence from investors.

Technological Innovation:

The underlying technology behind a particular cryptocurrency needs to be considered too. Those cryptos having advanced consensus mechanisms or boasting unique use cases often have better chances for success in the long run. Scalability security among other ongoing developments should also come into play here.

Adoption and Use Cases: 

It is important to know how much people are using the coin as well as what it can be used for outside speculation alone. A wide range of applications including decentralized finance (DeFi) non-fungible tokens (NFTs) etc., indicates that there will be high demand in future fueled by different industries adopting this new form of currency.

Tokenomics: 

An analysis on supply limits inflation rates distribution mechanisms should also be made during the selection process based on expectations about its future value. For instance, cryptocurrencies designed with scarcity models where number issued cannot exceed a certain limit or deflationary ones which reduce total amount overtime tend to attract more investors who may hold them over extended periods waiting for prices to go up significantly due limited quantities available for trading purposes only.

Regulatory Environment: 

It is necessary to stay updated with the current regulatory environment around specific digital asset classes being traded globally or locally. Therefore one may want to choose those coins that comply with existing rules otherwise they risk running into legal issues which could impede their growth potential later on.

By taking all these aspects into consideration before investing money into virtual currencies, you increase chances of earning higher profits because you will have invested wisely in those digital assets that have the highest potential for growth as well as stability over long periods of time.

Conclusion

To find the best long-term crypto investment for 2024, one should take into account market fundamentals, technological advancements, adoption rate and regulatory compliance among other things. Such digital currencies as Bitcoin, Ethereum or Polkadot have many ecosystems around them, unique features and high market capitalization respectively. Investors who want their investments in this space to be successful should analyze these aspects while also selecting coins that are usable outside just being speculative instruments and which can grow steadily over time.

FAQs

What is it that a cryptocurrency requires to be considered as a good investment in the long run?

Good crypto investments for the long term usually have strong market fundamentals, innovative technology, widespread adoption and clear regulatory framework. Such digital currencies which possess these qualities are perceived to have sustainable growth potential by evaluating these elements.

How does Bitcoin’s halving impact its long-term investment potential?

The long-term investment potential of bitcoin can be influenced by its halving in such a way that it decreases the supply of new bitcoins into circulation thereby making them become more scarce and valuable over time due to possible appreciation in price because this scarcity mechanism forms part of what gives value proposition to bitcoin over longer periods.

In assessing long-term crypto investments, what role does tokenomics play?

Tokenomics is important when considering investing in cryptos for an extended period mainly through supply limits, inflation rates and distribution mechanisms among other factors which can affect their value appreciation potential. Deflationary models or capped supplies are usually preferred by those who want to hold coins indefinitely.

What effect does regulatory compliance have on the future growth of cryptocurrencies over a number of years?

Regulatory compliance makes sure that if any crypto currency adheres with certain set rules then it will not likely face legal issues thus becoming stable enough for people looking at investing into digital assets for many years ahead regulated cryptos may thrive better within changing times during this era of virtual monetary instruments.

The post Best Long-Term Crypto Investments in 2024 appeared first on Coinfomania.

Cardano (ADA) has faced a persistent downtrend in recent months, but there are signs that this trend could soon reverse.

In a recent YouTube video, Dan Gambardello, an analyst in the crypto community and host of the Crypto Capital Venture YouTube channel, has projected an 8,500% surge in Cardano’s price.

Based on his analysis of technical indicators, he believes that ADA could reach a staggering price of $31 soon. While Cardano’s current value may seem far from this prediction, the technical data suggests that the asset shows early signs of a potential bullish reversal.

Cardano’s Current Market Performance

As of the press time, Cardano was priced at $0.381865, with a trading volume of $351,043,048 over the last 24 hours. ADA has experienced an increase of 3.01%, reflecting renewed buying interest among traders. 

Source: CoinMarketCap

The current market capitalization for Cardano is $13.34 billion, placing it at the 10th position in the CoinMarketCap rankings. The circulating supply stands at 34.94 billion ADA, while the maximum supply is capped at 45 billion ADA coins.

Despite the recent downward trajectory, the token’s upward movement in the past day indicates potential stabilization around the $0.382 mark. Investors are closely watching this level, as it could signal either consolidation or a breakout to higher levels.

Technical Indicators Point to Bullish Potential

According to Binance’s 1-hour chart of ADA/USD, Cardano has recently shown significant price movement. The asset climbed from approximately $0.33 to a high of $0.39 before retracing slightly to around $0.382. 

The technical indicators support this outlook. The Moving Average Convergence Divergence (MACD) shows the blue MACD line crossing below the orange signal line, hinting at weakening upward momentum. However, the overall bullish sentiment remains intact, as the decline appears to be part of a natural market cooling-off period after a strong rally.

While the MACD hints at a possible slowdown in bullish momentum, the Relative Strength Index (RSI) tells a different story. Currently, the RSI sits at 55.52, indicating that ADA is in neutral territory. 

Source: TradingView

The RSI has moved away from the overbought zone but still tells us there is a balance between buying and selling pressure. According to this reading, Cardano might either unify or revise its standing depending on market circumstances and investors’ sentiments.

A deeper correction may be probable if the RSI indicates a trend toward lower values. In contrast, ADA might continue its improvement if it rebounded from this price level. Traders are watching these indicators closely for more hints about the direction of prices.

The post Cardano Price Prediction September 25: ADA Targets $31: But Can the Current Market Momentum Sustain? appeared first on Coinfomania.

Today, the global crypto market prices reflected a slight uptick, trying to sustain the rally ignited following the Federal Reserve rate cut. However, the uptrend among top altcoins was mostly marginal according to on-chain data. An overview of the market through the crypto heat map shows mixed trading patterns, in red and green.

Bitcoin climbed $64k earlier today, however, its price has retraced and is now trading around the $63k mark. Ethereum noticed a slight decline in price and Cardano exhibited a notable uptrend. Moreover, the total market valuation added 0.37% to rest at $2.24 trillion at the time of writing. Below is an overview of how some of the top crypto have reacted over the last day.

Top Crypto Prices Today

Bitcoin exhibited a significant upswing that shot its price above $64k in the early Asian trading hours today. However, at the time of writing, the price of BTC traded at $63,879, representing a 0.24% spike. Moreover, BTC’s one-day trading volume jumped by 10% to rest at $29.3 billion, indicating increasing on-chain activities among traders and investors. Notably, this price reaction comes amid a $135.95 million inflow for Bitcoin ETFs as of September 24.

Meanwhile, the price of Bitcoin is anticipated to rocket in the coming days following China’s 20 bp short-term interest rate cut and 50 bp cut in the reserve requirement ratio. These outcomes are expected to have a positive impact on the crypto market as there would be a noticeable increase in money circulation which people can divert to riskier assets like cryptocurrencies.

Meanwhile, Ethereum, the flagship altcoin has taken a different route, dropping marginally over the last 24 hours. According to data from CoinMarketCap, the price of ETH dipped by 0.94% to change hands at $2,623. Similarly, its 24-hour trading volume declined by 2.37% to $16.2 billion. Notably, ETH ETFs saw a daily total net inflow of $62.51 million as of September 24 according to Soso Value Data.

Source: CoinMarketCap Other Altcoin Prices

The crypto Solana saw an uptick over the last day. SOL price increased by 1.49% and changed hands at $150.28. Solana’s one-day low and high were seen at $144.85 and $153.61 respectively. Ultimately, the coin’s market cap touched $70.42 billion at the time of writing.

Meanwhile, the seventh-largest crypto by market cap, XRP also dropped at the time of writing. The XRP price lost 0.19% in the past 24 hours to reach $0.588. The coin traded between the bottom and peak of $0.5818 and $0.596, respectively. XRP’s market cap stood at $33.18 billion today.

While the price of XRP continues to consolidate around $0.5 and $0.6, crypto analysts have predicted a bullish outcome for the coin in the coming months. Coinfomania earlier reported that an XRP pundit predicted a $6 surge in 2025, citing a building up symmetrical triangle in XRP’s trading chart.

Binance Coin (BNB) saw notable drops at the time of writing. The Binance-backed coin declined by 1.29% to reach $597.18 and maintained a 24-hour range of $593.67 and $612.14 respectively. The TRX price lost 1.13% to trade at $0.1506 with 24-hour lows and highs of $0.1501 and $0.1526 respectively.

Meanwhile, Cardano (ADA) has seen the most gains among the top cryptocurrencies. The proof-of-stake blockchain token surged by 3.53% at the time of writing to change hands at $0.3817. Additionally, Cadano’s trading volume over the last day jumped by 41% to $335 million.

Source: CoinMarketCap

The memecoin market reflected a broader uptrend in the last 24 hours. The Dogecoin price increased by 0.47% in value to $0.1093 today. Also, Shiba Inu, the second-largest memecoin by market cap, climbed by 1.96% to $0.00001492. PEPE added 1.74% while Dog Wif Hat (WIF) increased by 4.40%.

Top Trending Crypto Gainers Today

Sei (SEI) skyrocketed by 24.29% to reach $0.461

Sui (SUI) surged 12.34% to $1.74

Shitcoin (SOL) SHIT moved up by 11.67% to $0.01185

Chiliz (CHZ) added 10.72% to $0.06719

AI Companion (AIC) jumped by 9.14% to $0.120

The post Crypto Price Update September 25: BTC Tops $64K, ETH Declines, Cardano Up 4% appeared first on Coinfomania.

Memebet Casino raises $250,000 in first week, offering a new way to gamble with meme coins.

New crypto meme coin casino, Memebet, which allows users to gamble and play using their favourite meme coins, earns over $250,000 in the first week of launch.

Just seven days since its launch, Memebet Casino, Web3’s first meme coin casino, has already raised $250,000 for its native token $MEMEBET. 

Whale’s movement

The early investors, collectively called the ‘whales’, are buying $MEMEBET for a fixed presale price and jumping on the first-mover advantage.

Meme coins, whose wildest traits include a Shiba Inu dog and Baby Shark videos, first gained popular notoriety with Dogecoin ($DOGE) and its many offspring. 

Their goofy chance-based profits have, in many cases, attracted very serious crowds, while a warm sense of community has sprung up around playful projects.

Increasing interest in doggy-themed tokens inspired a recent crop of meme-coin projects that focus on utility, including Memebet.

 Last Tuesday, its presale opened up and an unknown whale contributed $150,000. Then another whale contributed $50,000 on Friday, driving Memebet’s fundraising tally to $250,000 in 48 hours.

BUY $MEMEBET BEFORE NEXT PUMP

Perhaps that’s why Memebet is launching at an opportune time. The world of online betting is expected to grow from $100 billion in 2024 to $130 billion in the next five years and on Wednesday, the US Federal Reserve cut interest rates by 50 basis points. 

After two years of hikes, interest rates in the US were at their highest in two decades. Now, they are coming down. That’s good news for investors of all stripes – it makes borrowing cheaper and gets people looking at riskier assets such as crypto and stocks.

The Fed’s action clearly moved markets, as investors felt the need to grab some meme coins. Data from CoinGecko showed that the broader meme coin sector climbed 6.9 per cent in a day, raising its market cap to $45.7 billion. For a sector accustomed to drastic gyrations, that’s no small feat. 

Given the increased interest in crypto markets for gambling and the recent growth in the meme coin markets, which Memebet addresses, it’s well-positioned to take advantage of these two boom markets. 

Since the project is positioned at the intersection of two fast-growing parts of the GambleFi and meme coin markets, it has exposure to two of the fastest-growing parts of the entire crypto market. 

What Is Memebet Token?

Memebet’s native utility token, $MEMEBET, can be staked or spent for a host of benefits, including airdrops, VIP degen bonuses and Memebet Casino Loot boxes, which offer real-world prizes as well as in-casino bonuses.

 Memebet casino, too, is a Telegram bot where you can gamble your meme coins – be it Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK), Floki ($FLOKI) or whatever else – betting on games, competitions and collect meme coins as payouts. 

Right now, users need to manually deposit their meme coins into their gaming account before they can gamble. The accepted list appears to be live, with Dogecoin, Shiba Inu, Pepe, Floki and Bonk are all ready to be gambled. But the team are already looking to expand the list of tokens that can be used.

 The presale has allocated 1.4 billion $MEMEBET tokens, representing 70 per cent of the total supply of 2 billion tokens and 20 per cent has been reserved for casino rewards.

Tokens can be purchased via ETH, USDT, BNB, POLY, or credit card. Transactions on the Ethereum network (ETH, USDT or bank card) will immediately be delivered to connected wallets. 

 Memebet Token’s smart contract has been independently audited by Coinsult with no bugs in the code at this time.

PURCHASE $MEMEBET TO ACCESS EXCLUSIVE NFTS

 Memebet is also aiming higher, opening itself up to the world as a regional sponsor for Argentina’s national football team. For any crypto project, this sponsorship deal is the stuff of rock-star dreams. It shows that Memebet eyes itself not just as a project and a platform, but an empire and a world-level brand.To learn more or get involved in the presale, visit the Memebet Token website.

The post Web3’s First Meme Coin Casino Memebet Token Raises $250,000 in First Week appeared first on Coinfomania.

While the global crypto market has shown signs of resurgence led by Bitcoin, XRP has consolidated around $0.5, raising concerns and frustration among investors. Bitcoin has gone from $60k to breaking $64k in one week, recording almost 7% increase within this time. The second-largest crypto, ETH has seen similar movements as well as other cryptocurrencies in the top 10 list.

However, the beloved XRP has seen marginal gains within the week, spiking only by 1.44%. While investors are expressing their concerns, experts are still bullish on the asset, calling for calm and dropping predictions that suggest that the asset will soon shoot to the moon. The latest is the prediction of a potential $6 surge in the coming months. Here is how.

XRP Path to $6

In a recent price analysis on X (formerly Twitter), a prominent figure in the crypto community, Cryptosahintas, made a bold prediction about the Ripple-backed cryptocurrency and why he thinks its price might catapult to $6 by 2025.

His analysis drew attention to the XRP monthly and yearly chart, showing consistencies in the price movement over time. His chart reflects several symmetrical triangles that XRP has been trading since 2013. So far, XRP has recorded three of these symmetrical triangles in its movement.

The first triangle was formed in 2013 when the coin’s price declined from its top of $0.0614 in December of that year. The triangle lasted until early 2017 when there was a breakout in February. Following the breakout, XRP capitalized on the bullish momentum until it reached its all-time high of $3.40 on January 7, 2018.

Source: Cryptosahintas/X

However, XRP soon dropped from the high, resulting in the formation of the second symmetrical triangle in 2018. The triangle held for four years, from January 2018 until June 2020 during the peak of the COVID pandemic. Less than a year later, in April 2021, XRP broke out to a high of $1.9.

Following this surge was a price correction that started the third symmetrical triangle. As seen in the chart above, the third triangle lasted for three years, until 2024. A break out from this triangle will mean a significant surge to a new all-time high, potentially doubling the previous.

According to Cryptosahintas, the next target for XRP, judging from previous patterns is between $5 and $6. This would mean an almost 970% increase from the current price for XRP. Even though he didn’t exactly say the month when this will happen, he rather put it vaguely, citing 2025.

Other Analysts Predict Bullish Behavior

Meanwhile, Cryptosahintas is not the only pundit who has predicted a parabolic surge for XRP. Other experts have also cited the symmetrical triangle in their analysis even though there seem to be some discrepancies with when the first triangle formed.

Another notable figure in the crypto community, Crypto Bitlord on X, pointed out that XRP is ready for an imminent “parabolic explosion,” shooting the value of the coin to levels not seen before. He urged his followers and investors not to “sleep” as they could miss out on the millions other active traders will make.

I think $XRP is ready -Expecting a parabolic explosion vertically within 24hrs.Don’t sleep, millions can be made timing this move

— Crypto Bitlord (@crypto_bitlord7) September 22, 2024

In a separate tweet in response to the previous, he noted the “amount of hate” XRP has gotten over the years. He referenced the last time he called attention to XRP, urging investors to buy and hold the coin. After his call during the time, XRP added some billions to its market valuation. Crypto Bitlord emphasized that he would love a repetition of that pattern, hence his outright call for attention to the XRP community.

Meanwhile, at the time of writing, the price of XRP added 0.39% to its value to trade at $0.5866. As XRP continues its effort to breach $0.6, it will be interesting to see how it will all unfold concerning the above predictions.

The post XRP to Hit $6 in 2025, Analyst Reveals How This Will Happen appeared first on Coinfomania.

Thailand has established itself as one of the most dynamic economies in Southeast Asia, and its macroeconomic factors have a significant impact on the Forex market. The interplay of key economic indicators such as GDP, inflation, interest rates, and trade balances shapes the value of the Thai baht (THB) and influences currency traders’ decisions worldwide. In this article, we’ll dive deep into how Thailand’s macroeconomic factors affect the Forex market, with a special focus on trading platforms like forex Thailand FBS, which operate in the region.

The Role of Thailand’s GDP in Forex Trading

Gross Domestic Product (GDP) is a critical indicator for traders looking to assess the health of Thailand’s economy. Thailand’s GDP reflects the total value of goods and services produced within the country and serves as a barometer for economic growth. Strong economic growth, as indicated by rising GDP, often leads to increased investor confidence in the Thai baht.

Forex traders frequently look at Thailand’s GDP reports to forecast future movements in the currency. When Thailand’s GDP grows faster than expected, it can lead to a rise in the value of the baht on Forex markets, as it signals economic strength. Conversely, a slowdown or contraction in GDP can lead to the depreciation of the baht, as it reflects weakening economic conditions.

For example, traders on platforms like Forex Thailand keep an eye on Thailand’s quarterly and annual GDP reports to make informed decisions about their currency positions. The GDP growth rate directly correlates with the attractiveness of Thailand as a destination for foreign direct investment (FDI), which in turn impacts the Forex market.

Impact of GDP Fluctuations on Traders

For traders in Thailand, understanding GDP trends is crucial for staying ahead of market fluctuations. Thailand’s economic sectors such as tourism, manufacturing, and agriculture play significant roles in its GDP. Events like the COVID-19 pandemic, which severely impacted Thailand’s tourism industry, had a pronounced effect on GDP and, consequently, the Thai baht’s performance in the Forex market. Thus, traders often track industry-specific reports and general GDP trends to anticipate potential currency shifts in Thailand.

Inflation in Thailand and its Forex Implications

Inflation is another macroeconomic factor that plays a vital role in determining the value of Thailand’s currency on the Forex market. It measures the rate at which the general price level of goods and services rises, eroding purchasing power. In Thailand, the Bank of Thailand (BOT) keeps a close watch on inflation and adjusts monetary policy accordingly.

Higher inflation usually weakens the value of the currency, as it reduces its purchasing power both domestically and internationally. On the contrary, controlled or moderate inflation is seen as a sign of a stable economy and can lead to a stronger baht. Forex traders often track Thailand’s inflation rate to gauge how it might affect the baht’s valuation.

Traders in Thailand may observe that when the BOT raises interest rates to combat inflation, it typically strengthens the baht. This is because higher interest rates offer better returns on investments denominated in baht, attracting foreign investors to the Thai financial markets. As demand for baht increases, its value rises on the Forex market.

Inflation as a Driver for Traders in Thailand

For traders using forex in Thailand, inflation data is a key piece of information to watch. Rapid inflationary pressures can lead to currency devaluation, making it essential for traders to adapt their strategies quickly. Tools and insights provided can help traders anticipate these market changes and adjust their positions to benefit from expected shifts in the baht’s value.

Interest Rates and Thailand’s Currency Movements

Interest rates set by the Bank of Thailand are a fundamental driver of currency values in the Forex market. They influence the cost of borrowing, investment returns, and consumer spending, all of which directly impact the value of the Thai baht. When the BOT raises interest rates, it signals a tightening of monetary policy, aimed at controlling inflation and supporting the currency’s value.

In Forex trading, higher interest rates often lead to a stronger currency, as they make investments in the country more attractive. For instance, when Thailand raises its interest rates, foreign investors are more likely to invest in Thai assets, boosting demand for the baht. Conversely, lower interest rates can weaken the currency, as they make returns on investment less appealing.

Traders on Forex Thailand closely monitor interest rate decisions made by the Bank of Thailand. Sudden interest rate hikes or cuts can lead to significant volatility in the Forex market, creating both opportunities and risks for traders. A well-timed interest rate decision can spark sharp movements in the baht’s value, offering traders an opportunity to capitalize on currency fluctuations.

Traders and Interest Rate Decisions

For traders in Thailand, interest rate announcements are critical. The decision to raise or lower rates is often influenced by a range of factors, including inflation, GDP growth, and global economic conditions. Traders should pay attention to BOT meetings and reports to anticipate how interest rate changes might impact their Forex positions. On forex Thailand, economic calendars and market analysis tools can provide traders with timely updates on interest rate decisions.

Thailand’s Trade Balance and Its Influence on Forex

Thailand’s trade balance, which measures the difference between its exports and imports, also plays a significant role in determining the value of the baht. A trade surplus, where exports exceed imports, typically strengthens the baht, as foreign buyers must purchase baht to pay for Thai goods and services. Conversely, a trade deficit can weaken the baht, as Thailand must spend more foreign currency on imports than it earns from exports.

Forex traders in Thailand often look at trade balance reports to assess potential movements in the baht. Thailand’s key export industries, such as electronics, automobiles, and agriculture, heavily influence the country’s trade balance. When these industries perform well, they support the baht’s value in the Forex market.

Trade Balance Data and Forex Thailand

For traders using Forex Thailand, understanding Thailand’s trade balance can provide valuable insights into future currency movements. A strong trade surplus usually leads to a higher demand for baht, as foreign buyers purchase Thai goods. Conversely, a trade deficit can signal weakening demand for Thai products, potentially leading to a depreciation of the baht. Traders should stay informed about Thailand’s export and import dynamics to optimize their trading strategies.

The Thai Baht’s Sensitivity to Global Economic Events

Thailand is an open economy, and its currency is sensitive to global economic events. Changes in global commodity prices, geopolitical developments, and shifts in international trade policies can all have a substantial impact on the baht’s performance on Forex markets.

For instance, fluctuations in oil prices can affect Thailand’s import costs, influencing the trade balance and, by extension, the baht’s value. Additionally, changes in US monetary policy or economic performance in major trading partners like China can lead to shifts in the baht’s valuation.

Global Events and FBS Traders in Thailand

For FBS Forex Thailand traders, keeping an eye on global economic trends is essential for making informed decisions. Unexpected changes in the global economy can trigger volatility in the baht, presenting both risks and opportunities for traders. By staying updated on world events, FBS traders can better navigate the complexities of the Forex market.

Thailand’s macroeconomic factors—GDP, inflation, interest rates, trade balance, and global events—play a crucial role in shaping the Forex market and the value of the Thai baht. For traders using FBS Thailand, understanding these factors and staying informed about economic reports and announcements is vital for making profitable trades. By analyzing these macroeconomic indicators, Forex traders can better predict currency movements and capitalize on market opportunities.

Stay ahead of the curve by using tools and resources available on FBS Forex Thailand to navigate the ever-changing Forex market.

The post How Thailand’s Macroeconomic Factors Affect the Forex Market appeared first on Coinfomania.

The Bitcoin network has recently seen a surge in activity, with a notable increase in the movement of old coins.

CryptoQuant, a leading analytics platform, highlighted this trend in a recent update, indicating that large transfers are occurring across different age bands of Bitcoin holdings. 

Old Bitcoins are on the move“Overall, we are seeing a significant increase in the movement of coins from various age bands during this latest leg of the rise, with continuous transfers happening on the #Bitcoin network.” – By @XBTManager Full post https://t.co/LR0bvdvAOY pic.twitter.com/sUe6yqp4Xj

— CryptoQuant.com (@cryptoquant_com) September 24, 2024

This uptick comes during Bitcoin’s latest price rally, which has drawn attention from both investors and analysts. However, with the movement of older Bitcoins, concerns about potential selling pressure are growing.

Over the past few days, the Bitcoin network has witnessed substantial transfers of coins held for various durations. On September 18, 4,924 Bitcoins held for 2-3 years and 16,707 Bitcoins held for 1 week to 1 month were moved. The trend continued on September 19, with 17,160 Bitcoins held for 1 week to 1 month and 1,617 Bitcoins held for 3-6 months transferred. 

Source: CryptoQaunt

This movement intensified on September 20, with 17,019 Bitcoins held for 1 week to 1 month, 1,405 Bitcoins held for 1-3 months, 2,071 Bitcoins held for 3-6 months, 7,013 Bitcoins held for 6-12 months, 1,154 Bitcoins held for 12-18 months, and 1,457 Bitcoins held for 18 months to 2 years being moved. 

Most recently, on September 23, 29,292 Bitcoins held for 6-12 months were transferred, while on September 24, another 4,389 Bitcoins held for 1-3 months and 1,621 Bitcoins held for 1 week to 1 month were also moved. This data highlights the continued transfer of Bitcoins from different age groups as the market gains momentum.

Assessing Market Impact

These movements raise questions about whether the coins are being transferred to exchanges, potentially signaling increased selling pressure. CryptoQuant’s analysis suggests that Bitcoin’s upward trajectory may slow down as these transfers continue. 

In addition to the movement of older coins, on-chain data from CryptoQuant points to a decline in Bitcoin’s “Supply in Profit,” a key metric that shows how much of the current supply is in profit based on the current price. 

Bitcoin Supply in Profit: Market Insights“Psychological resistance and support levels in Bitcoin shape investor sentiment. If the price surpasses this level, optimism increases; if it breaks below, selling pressure may arise” – By @0xDataScopeLink https://t.co/1Nesxbpn7D pic.twitter.com/Cn2uVJHWxl

— CryptoQuant.com (@cryptoquant_com) September 20, 2024

The drop in the profitable supply shows that a lot of investors are deep in the red because of the recent volatility in the BTC price. Those who are still in profit are also pulling the breaks on selling, which can be beneficial for a steady market.

This reduction in the successful supply has placed Bitcoin nearer to the psychological shift or the wave on the chart that is so important to investors. Its fluctuation above or below this level is usually considered as some signal of the possible direction of the market. But it has to pass this level where the anticipation on the market can generate a higher price which can go to the rate of recovery.

Bitcoin’s Price Performance

As of the time of writing, Bitcoin was trading at $63,693.10, with a trading volume of over $26.45 billion over the last 24 hours. The market cap sits at $1.26 trillion, with a circulating supply of 19.75 million BTC out of a maximum of 21 million coins. Bitcoin remains the leading cryptocurrency by market capitalization despite ongoing volatility and fluctuations in price.

The post Bitcoin Sees Increased Activity as Old Coins Move Amid Upward Trend appeared first on Coinfomania.