Dogecoin's price has recently been showing bearish signals on technical analysis charts, with the TD Sequential indicator displaying a 'sell' signal. This could suggest that the currency may be set for a short-term decline, with new support levels and potential sell targets starting at $0.17.
Investors should be aware of these indicators and watch for any price movements. In addition, investors should also consider other factors such as news and general sentiment before investing in DOGE. If the current trend continues, DOGE could see further declines in its value.
Ethereum Founder Calls for Increased Privacy, Open-Source AI Development, and Network Redesign
Ethereum founder Vitalik Buterin has recently made an appeal to the public in order to further explore open-source development of artificial intelligence while also calling for increased privacy and network redesigns. In a recent tweet, Buterin said that âthere need to be more privacy-preserving solutions along with work towards better decentralizationâ. The tweet went on to call for âmore investment in open source AI technology without infringing on citizenâs right to privacyâ. Buterin followed up this tweet by suggesting that decentralized networks should be redesigned as well in order to make them more secure and reliable. He stated that such changes would require âa new consensus algorithm altogether in order to ensure the security of the distributed application layerâ. Many view this as a positive step forward for the blockchain community as it demonstrates an awareness of the need for better privacy protection.
It's not just a coincidence. The breakout from a 72-week downtrend and a falling wedge pattern unleashed pent-up pressure.
Mass liquidations of short positions further fueled the rise. Short squeezes, like AMC and GameStop, involve forced buying, triggering FOMO and exaggerating price spikes.
USTC is now on the path to its next long-term bullish target.
Cryptocurrency Expert Sees XRP Ballooning with Banking System Reconstruction
An industry expert has put forth a powerful argument for the popular cryptocurrency XRP to skyrocket past $9,000 as the global banking system undergoes its own massive overhaul. Longtime financial analyst and investor Mark T. Williams recently provided evidence that the current banking system is set for a huge makeover, thanks to disruptions in technology and increased rule of law among countries. He suggested that this change will favor digital currencies and blockchain-based technologies, causing a surge in the price of cryptocurrencies like XRP. Williams expressed his belief that cryptocurrencies offer more transparency than traditional banks, making them more trusted by governments around the world. He also asserted that digital assets could help close the inequality gap between different social classes by providing access to capital from anywhere in the world. What's more, advances in blockchain technology have made transactions quicker and more secure than ever before, allowing individuals and companies to transact with certainty faster than ever before. Finally, he argued that governments will eventually realize the potential of crypto from an investment perspective, which will drive up prices even further due to increased demand. In summary, Mark T. Williams strongly believes that if global governments implement widespread adoption of blockchain technology and cryptocurrencies into their existing infrastructure, then XRP could potentially skyrocket past $9,000 due to its newfound legitimacy and trustworthiness from authorities worldwide. With no sign of reduced enthusiasm towards digital asset investments any time soon, it appears likely that XRPâs rise is only just beginning.
Investors remain confident in the cryptocurrency market as around 70.35% of the total Bitcoin supply has not moved in over a year. The data is according to analytics firm Glassnode, which tracks the activity of all bitcoins. This trend indicates that investors believe in the future of Bitcoin and are unwilling to sell for short-term profits. It also shows that stores of wealth have shifted into cryptocurrency from traditional markets such as fiat currency and gold.
Analysts suggest this could be an indication of further growth potential for the cryptocurrency market, as long-term holders are invested based on confidence rather than greed or speculation. This bullish sentiment comes despite news about regulatory uncertainty amongst some governments and skepticism from traditional market analysts. Overall, this data from Glassnode suggests that Bitcoin remains a strong buy even with a turbulent 2020 so far, and could be indicative of further growth potential in 2021.
Major Swiss banking group UBS has recently announced that their clients in Hong Kong will now be able to trade crypto exchange-traded funds (ETFs). The company's clients will have access to both Ethereum and Bitcoin ETFs, provided by firms such as Evolve Funds Group Inc. and 3iQ Corp. This move marks a continuation of UBSâ efforts to make greater use of blockchain technology in its operations.
UBS has been actively investigating ways that it can capitalize on the potential of digital assets, giving them an edge over other traditional banks. Just last year they launched a dedicated unit for researching the sector, dubbed âBlockchain.
There will be some juicy entries on our #altcoins again if you were sidelined, and I am expecting a nice pump up, deviation back below $36,000, and down to $32,000 - $31,000.
Bitwala, an app-based banking service in Europe, announced a partnership with Striga to relaunch its platform and offer users easy access to crypto banking solutions. The new platform enables customers to buy and sell cryptocurrencies, top-up accounts instantly, pay bills using digital currencies and use virtual debit cards for online payments.
Furthermore, the partnership marks the first step towards giving customers full control over their finances by allowing them to transfer and store funds safely without any intermediaries. Through this collaboration, Bitwala seeks to expand its services while also providing users with a secure environment for managing their finances. The joint venture is intended to make cryptocurrency more attractive and accessible for everyday financial activities.
Bitcoin fees have seen a rapid increase since August 2020, with fees rising nearly 1,000%. This is due to the increased congestion on the Bitcoin network, causing more demand for transactions and resulting in increased cost.
As block sizes are limited, users must pay higher fees in order to get their transactions processed faster. Additionally, miners are increasingly opting to prioritize high-fee transactions over lower fee ones in order to maximize their profits.
The result of this is that users are now encouraged to include higher transaction fees when they transact with Bitcoin.
Cryptocurrency exchange giant Binance has launched a new web3 wallet for its users, designed to improve convenience and accessibility. The wallet is available on mobile and desktop and offers full support for web3-enabled dapps. It also provides users with the ability to store, send and receive Ether, Ethereum-based tokens, as well as other key crypto assets. The wallet is integrated into the Binance platform, allowing easy access from within the app or website.
It comes complete with features such as multi-signature protection, two-factor authentication and more. With this launch, Binance aims to make it easier and more secure for users to access their funds directly from their digital wallets and take part in DeFi projects built on the Ethereum blockchain. This move will open up possibilities for increased user interaction with different decentralised protocols on Ethereum's network, while making sure that user funds remain safe at all times.
Can Bitcoin Misery Index guide us through a Bear Market. well, with the crypto market in bear territory, investors are left searching for guidance on how to navigate the downward trend. Amidst this uncertainty, one metric has emerged as a potential source of insight. The Bitcoin Misery Index is based on data pulled from major crypto exchanges and is designed to measure investor sentiment in relation to the state of the market. The index takes into account factors such as volatility, trading volume, and all-time highs and lows.
By using this information, investors can determine the overall direction of the market and make educated decisions about their investments. One thing to consider when looking at the BMI is that it gives an overall picture of sentiment rather than individual investment advice. Still, its ability to generally define whether or not now is a good time to buy or sell can be valuable in making key decisions while navigating a bear market. turn this into the post.
Crypto Companies Standing Strong Through a Decade of Crypto Controversies
For the past decade, the cryptocurrency industry has been subject to numerous controversies, legal challenges and extreme price fluctuations. Despite it all, there have been some companies who have managed not to just survive, but thrive in such an unpredictable environment. Here are ten of those pioneers who have stood the test of time and provided resilience throughout these turbulent times. Bitmain is one of those crypto-companies that have endured through great odds. Founded in 2013, this Beijing-based company has become one of the biggest names in cryptocurrencies due to its production of ASIC miner hardware and its mining pools. Even though it recently declared bankruptcy, Bitmain continues to be a powerful player in the industry. Coinbase is also a stalwart in the crypto world and holds a prominent place as one of the first cryptocurrency exchanges. Launched in 2012 and based in San Francisco, Coinbase allows users to buy and sell BTC, ETH, and other digital currencies directly with fiat currency - proving itself as an important bridge between traditional finance systems and cryptocurrency markets. The blockchain technology giant Blockchain was created with similar goals back in 2011 by Peter Smith and Nicolas Cary. The company focuses on providing infrastructure solutions for businesses that need integration with blockchain networks such as Bitcoin or Ethereum but also offers services like educational resources for developers interested in building Dapps. Blockchain now serves more than forty million users worldwide which gives them a substantial presence compared to other startups in this sector. Another company that has had a successful decade is Ripple Labs Inc., which was founded by Chris Larsen back in 2012. The startup aims to provide financial solutions within banking institutions using blockchain technology-powered products like xCurrent or xRapid -which help facilitate cross-border payments easily and quickly at low costs while also making international transfers very secure. These companies are only a few examples of those pioneers who pushed ahead during difficult times despite all odds being against them - showing how far they have come since then while still remaining strong competitors within the crypto sphere today. It is clear that their resilience over time has enabled them to remain successful despite continuous market waves across these tumultuous years, setting an example for other companies striving for success within this ever-changing sector.
On October 31, 2023, TON set a new world record by achieving an impressive peak of 104,715 transactions per second, completing a total of 107,652,545 transactions within 25 minutes during its first public performance test.
Validated and confirmed by CertiK Community, this performance establishes TON as the world's fastest and most scalable blockchain, surpassing the processing speeds of all L1 blockchains and renowned centralized payment networks such as PayPal, Visa, and Mastercard.
Elon Musk: Refuses to Create Cryptocurrency Tokens
Technology entrepreneur Elon Musk has confirmed that none of his companies will ever create a cryptocurrency token and that although he is familiar with the technology behind digital currencies, he does not intend to get involved in their development. He clarified his stance during an interview with online publication The Verge. Musk stated that "the purpose of Tesla is not to create currency," referring to the electrical car manufacturing giant, which he currently helms as CEO. He continued by explaining that although cryptocurrencies have value and he believes in their potential, they should remain separated from any of his own companies' operations. The tech entrepreneur was asked about cryptos because of his involvement in two blockchain-based currencies - Dogecoin and Bitcoin - through which he has been able to amass personal wealth since 2013. He also believes that transactions with crypto tokens can work faster than those involving traditional currencies such as dollars or euros. However, this does not mean that he is personally interested in creating them, at least for now. Musk also explained his reservations about investing in startups related to these currencies due to the volatile nature of the market.
HSBC has announced the launch of a tokenised gold service, becoming the first banking institution in the world to offer such a product. The service will allow customers to buy, sell and store digital tokens backed by physical gold. This tokenised gold will be held on behalf of the customer by Hold onboarded HSBCâs custody service. Customers will also have access to real-time pricing data for their tokens which can easily be converted into different currencies.
HSBC Global Head of Digital Assets Chris Tyrer said that this new product was an important milestone for both HSBC and the broader digital assets industry, as it could set a new precedent for storing physical assets digitally, "at scale." Tyrer continued that this was just one step in what could be a wider change in how people use, store and exchange financial assets.
The move from HSBC comes as more traditional banks are beginning to integrate blockchain technology into their services in order to make operations more efficient and secure. The addition of tokenised gold is another example of this trend, as it could potentially provide customers with greater access to their investments and enable them to keep track of their assets more easily than ever before.
With the rising popularity of cryptocurrency, the crypto space is quickly becoming an integral part of global markets and economies. However, there are still many challenges that must be addressed to ensure fairness and justice for all users. One major issue is the decentralization of digital currencies, which can lead to a lack of transparency in trading activities and the potential for fraud. Additionally, there is a risk that some untrustworthy parties could take advantage of exchanges or crypto networks for their own personal gain by manipulating prices or engaging in other unethical practices. The industry needs to come up with ways to identify these risks and implement measures that will help prevent any such occurrences. This could include implementing more stringent know-your-customer (KYC) checks, setting up industrywide standards for verification processes, and utilizing blockchain analytics tools to monitor suspicious activities. By working together as an industry, we can ensure that the crypto space remains fair and just for all involved.
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