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Tron (TRX) & Aptos (APT) Community Joins DTX Presale After Massive 100X Rally Begins

The cryptocurrency market is evolving at a fast pace, bringing new opportunities and platforms that challenge traditional financial systems. Among these, Tron (TRX) and Aptos (APT) are two significant altcoins that have made headlines recently for their market movements.

Both coins are now catching the eye of investors following the announcement of the DTX Exchange presale, a new deFi platform that promises a 100X rally with its innovative trading features and zero KYC requirements.

Aptos (APT) 12.69% Price Drop Unlocks Buying Potential Amidst 24.6% Trading Surge

Aptos (APT) aims to redefine transaction speed and reliability in decentralized networks. Founded by ex-Meta engineers, Aptos is built on a novel blockchain architecture designed to enhance throughput and security significantly. This technology foundation aims to support various applications from DeFi to social media platforms, maintaining high levels of user safety.

Despite its innovative approach and strong foundation, Aptos has recently experienced a 12.69% drop in its price over the last week, currently standing at $8.88. However, this price adjustment has not affected investor interest, as seen by a 24.60% increase in trading volume in the past 24 hours. This indicates strong trading activity and a possible rebound for APT.

Tron (TRX) Enjoys A 7.04% Price Surge with 37.55% Boost in Trading Volume In The First Week of May

Tron (TRX) has established itself as a strong altcoin in the crypto market, building a decentralized internet. Founded by Justin Sun, Tron facilitates decentralized applications (dApps) and their accessibility. The platform’s native token, TRX, plays a central role in maintaining and operating the network and is used as the primary medium for transactions.

Tron’s performance has recently seen a positive uptick, with its price increasing by 7.04% over the past week to $0.11. This rally was complemented by a decent 37.55% surge in trading volume within the last 24 hours, indicating a growing interest and confidence in the TRX market. Such dynamic market activity suggests a positive outlook from the investors’ community.

DTX Presale In The News: Investors Jump In Join The Wave With Over 100X Gains

As the crypto market is showing continuous expansion, the DTX Exchange emerges as a groundbreaking development network, especially for communities involved with assets like TRX and APT. DTX’s presale is drawing attention for its high-leverage options and the hybrid model that integrates the liquidity of centralized exchanges with the anonymity of DeFi platforms.

The DTX Exchange is set to revolutionize the trading experience by offering 1000X leverage without KYC requirements, thereby attracting a broad spectrum of traders. With over $100K raised in just the first two days of its public presale, the platform is on fire toward reforming market access and trader autonomy.

DTX Exchange Leverages Best Trading Features To Attract Crypto Giants: Trade Smarter, Not Harder.

DTX Exchange not only supports the trading of cryptocurrencies but also extends its capabilities to forex and equities, all while ensuring trader security through non-custodial wallets. This approach significantly lowers the risk of security breaches, placing power directly in the hands of its users.

As the crypto world continues to evolve with platforms like DTX Exchange, the integration of advanced trading features with user-centric policies could indeed kick off a new era of trading, potentially leading to more inclusive and expansive market participation.

Learn more:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 

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Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity

ENO is blazing a trail with its entry as both an innovator in social tokens and in transforming social clubs. The time when conversations about ENO were limited to specific groups interested in wine and cryptocurrency is now behind us. ENO aims to draw in a broad spectrum of people, seamlessly connecting the cryptocurrency domain with establishing vibrant communities.

ENO spearheads the creation of the world’s inaugural decentralized platform dedicated to celebrating the variety of wine culture. Its mission is to bring together connoisseurs of wine and cryptocurrency from around the globe, using cutting-edge blockchain technology to nurture a dynamic community dedicated to cultivating and appreciating fine wines. The dynamic ecosystem of ENO includes a wide array of platforms, from the esteemed ENO Social Clubs and the innovative ENO Swap to the enchanting ENOVERSE and several other fascinating initiatives.

ENO is trailblazing by integrating the venerable wine industry with the forefront of technology, creating a novel economic framework within its ecosystem. This venture into digital assets, including Non-Fungible Tokens (NFTs) and special event access, represents a significant shift in our engagement with value and passions.

Let’s see what kind of assets are supporting and fueling the ENO ecosystem.

ENO token – the backbone of the whole ecosystem

Throughout an extensive exploration and development phase, ENO identified significant gaps within various sectors, including wine, real estate, music, and art. These disconnects were primarily linked to marketing and the inability to resonate with the evolving preferences of newer generations.

ENO believes that these divides can be bridged by creating all-encompassing social club ecosystems and cultivating trust and connectivity within its community. To achieve these objectives, ENO plans to deploy various tools, among which the ENO token stands out as a fuel for the ecosystem. This fundamental utility token is integral to all future systems deployed by ENO, with the level of token possession influencing a community member’s level of engagement within ENO’s expanding infrastructure.

In addition, the ENO tokens are accessible at services offered by ENO Labs and ENO Academy, which provide expansive toolsets tailored to their specific applications and benefit all participants. Holders of the ENO tokens can access a wealth of educational resources, including various courses, virtual and in-person workshops, educational videos, articles, and much more.

The ENO token, essential for participation across ENO’s forthcoming services, will dictate the depth of a community member’s involvement. Available on LAtoken, Bitmart, and Uniswap, the asset will soon be highlighted in a thorough token sale campaign scheduled for April.

ENO Digital Assets – One-way ticket to a world of entertainment

The initiative proudly offers many distinct and thrilling advantages through the ENO digital asset (EDA). Among these EDAs, NFTs stand out, providing a foundation for an economy where members can capitalize on their asset ownership for benefits like event participation and beyond.

Yet, the scope of ENO digital assets transcends wine alone. These assets unlock a myriad of novel and thrilling opportunities within the ENO ecosystem, including NFTs that facilitate the establishment of an economy. Asset ownership can be leveraged for perks such as event access.

In addition, ENO digital assets will be accessible to pay for tangible rewards at ENO social club gatherings, whether through augmented reality or in-person at various Bosque Real property events. Every EDA is distinct, granting its owner special access to specific experiences within the ecosystem.

Exceptional EDAs might even allow their owners to attend private and exclusive ENO social club events or enjoy additional high-end ecosystem features.

In a strategic partnership, ENO has joined forces with Bosque Real to host club events and activities. This alliance brings exclusive perks to NFT owners, including access to an elite golf course, a specialized workspace, and the distinctive ENO Embassy. Additionally, membership opens the door to engaging experiences, such as virtual reality experiences featuring the Bosque Real Logo, special dining discounts at the hub, and exclusive brand merchandise.

As for the things to come

Having done the heavy lifting, ENO doesn’t hold back and strives to innovate and reinvent once more. In the near future, according to ENO’s roadmap, we can expect launches of various NFT tools ranging from the ENO embassy badge and different NFTs to an exciting new marketplace. Most of these additions to the ENO ecosystem will be accomplished with the use of Arbitrum, a supporter of ENO from the very get-go.

With its steps further, ENO is set to embark on a journey that redefines blockchain technology and cryptocurrency possibilities. The team is excited to welcome users, developers, and enthusiasts to join in building a greener, more sustainable future for the digital asset industry. Stay tuned for updates on new features, partnerships, and initiatives as ENO grows and prospers.

 

 

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Best 3 Cryptos To Conquer The Bull Market: Cardano, Monero & Scorpion Casino

In the midst of a booming bull market, investors are eagerly seeking the next big opportunity to capitalize on the surging cryptocurrency landscape. Among the many options, three standout cryptocurrencies have emerged as top contenders: Cardano, Monero, and the innovative newcomer, Scorpion Casino.

Let’s delve into the strengths of each and how they position themselves to thrive in the bullish market, with a special spotlight on Scorpion Casino’s unique approach to crypto presales.

Scorpion Casino: The Rising Star

Amidst the excitement of Cardano and Monero, Scorpion Casino emerges as a promising contender in the bullish market, offering a unique blend of meme appeal and innovative features. Positioned as the best current crypto presale opportunity, Scorpion Casino has captured the attention of investors seeking early access to its tokens before they hit public exchanges. With its Easter40 promotion, offering an enticing 40% bonus on purchases made before April 3rd, Scorpion Casino is generating significant buzz and driving FOMO among prospective investors.

Key Features of Scorpion Casino:

  • Scorpion Casino is a cryptocurrency presale, offering early access to its tokens. Joining the project before its public listing is a great way to maximize returns.
  • With a fully licensed and regulated platform, Scorpion Casino ensures a secure and trustworthy investment environment.
  • Scorpion Casino’s unique buy-back, burn, and reward distribution system ensures continuous value appreciation for investors.
  • Collaboration with major iGaming developers enhances the utility and appeal of Scorpion Casino tokens.
  • The project boasts partnerships with influential figures in the crypto space, driving community engagement and visibility.

Cardano: The Beacon of Innovation

Cardano, often hailed as the “Ethereum Killer,” has garnered attention for its innovative blockchain platform designed for smart contracts and decentralized applications (DApps). Led by a team of seasoned experts and guided by a rigorous academic approach, Cardano stands out for its commitment to scalability, interoperability, and sustainability. With its upcoming Alonzo upgrade set to enable smart contract functionality, Cardano is poised to unlock new opportunities and solidify its position as a powerhouse in the crypto space.

Monero: The Privacy Pioneer

Monero, renowned for its emphasis on privacy and anonymity, represents a formidable force in the cryptocurrency world. Built on the principles of decentralization and fungibility, Monero offers users unparalleled privacy features, making it the preferred choice for those seeking financial confidentiality. With increasing concerns about surveillance and data privacy, Monero’s commitment to anonymity has positioned it as a staple in the crypto portfolio of privacy-conscious individuals and institutions alike.

Comparing Top Cryptos in the Bull Market

While Cardano and Monero have solidified their positions as leading cryptocurrencies with distinct value propositions, Scorpion Casino represents a new frontier in the realm of crypto presales. With its innovative approach, lucrative promotions, and strong community support, Scorpion Casino stands out as a promising opportunity for investors looking to capitalize on the bullish market trend.

Use The Bull Market For Your Gain

As the bull market continues to gather momentum, Cardano, Monero, and Scorpion Casino emerge as top contenders poised for success. While Cardano and Monero offer established value propositions, Scorpion Casino presents a unique opportunity for early investors to participate in a groundbreaking presale with significant growth potential. Scorpion Casino has already raised over $10,000,000 and continues to grow leading up to its launch on the 15th of April, take the last opportunity to join the community before the public launch.

This insightful exploration of top cryptos in the bull market underscores the undeniable potential of Scorpion Casino, driving brand awareness and instilling confidence in its future trajectory. As investors anticipate the launch of Scorpion Casino on public exchanges, the excitement continues to build, signaling the dawn of a new era in the crypto landscape.

Don’t miss out on this opportunity to seize the future of crypto – invest in Scorpion Casino today.

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Why BlackRock Could Bet On This RWA Token: Crypto Analyst

In an era where the boundaries between traditional finance (TradFi) and crypto continue to blur, the tokenization of real-world assets (RWAs) stands out as one of the hottest trends. This trend, which allows tangible assets like vehicles and real estate to be bought and sold as tokens on a blockchain, promises to revolutionize the efficiency and speed of asset transactions.

Just last week, BlackRock, the world’s largest asset manager, has positioned itself at the forefront of this movement with the launch of a $100 million tokenization fund, which has already attracted over $240 million in investment within its first week.

Larry Fink, CEO of BlackRock, has been vocal about the potential of tokenization, stating that RWAs “could revolutionize, again, finance.” This comment has contributed to a notable surge in the valuation of several RWA crypto tokens in recent weeks. In light of these developments, crypto analysts from Layergg have identified a specific crypto project that they believe could garner significant interest from BlackRock.

Why BlackRock Could Choose Aptos

The project in question is Aptos, which has been earmarked for its potential in the RWA space. According to Layergg’s analysis shared on X (formerly Twitter), the narrative surrounding RWA and tokenization, bolstered by BlackRock’s involvement, suggests a nascent yet rapidly growing interest in this sector.

They highlight that mid to low cap RWA projects listed on Binance have performed exceptionally well, indicating a broader market interest spurred by narrative-driven investment strategies. However, the favorite crypto project for BlackRock could be Aptos.

A closer look at Aptos reveals several factors that might make it an attractive partner for BlackRock. Firstly, Aptos is poised to make a significant announcement related to RWA in April, coinciding with the Aptos DeFi DAYS event from April 2 to 5.

Aptos DeFi Days

This announcement is speculated to involve a partnership with a global asset management firm, potentially BlackRock. “A partnership with a global asset management firm is expected to be announced. It is speculated that this may include BlackRock,” the analysts remarked.

The basis for this speculation includes Aptos CEO Mo Shaikh’s previous tenure at BlackRock, suggesting pre-existing industry connections that could facilitate such a partnership.

Aptos founder Mo Shaikh

Moreover, Aptos founder Mo Shaikh & head of ecosystem at Aptos Labs Neil H hinted at this early on. In mid-February Shaikh revealed via X: “I sat down with three of the world’s largest asset managers this week A little preview…while the year started with ETFs, it will conclude with RWA on-chain en masse, growth in Asia and all using parallelisation on Aptos See you in Hong Kong.”

On February 21, Shaikh also commented on a post on X by Dan Morehead, founder and managing partner at Pantera Capital. Morehead stated, “Tomorrow I’ll be speaking at BlackRock’s Institutional Digital Assets Summit. […] The existence of that Summit **IS** the massive change. Really excited about this.” Mo Shaikh mysteriously commented, “There’s Summit to this.”

Clues from the Aptos founder

Besides that, Adam Cader, founder of Thala Labs recently stated via X that “something is cooking for Aptos. I’m a co-founder of the largest application on the network, and here’s my list of upcoming significant ecosystem wide catalysts.” Cader referenced Shaikh’s statement and added that Blackrock, Vanguard, and Fidelity are the three largest asset managers in the world.

“If I had to guess this refers to either them using the chain in some way / integrating it into one of their products which has precedent in the TradFi world. Also note Blackrock is the most crypto-aligned of the bunch,” he said via X.

Crypto Revolution: Will APT Follow AVAX?

But that’s not all. Aptos has been hinted to explore partnerships with other major asset management firms, including Franklin Templeton, which has previously invested in Aptos (tier 3) and planned to utilize its blockchain for money market funds.

Such strategic alliances could position Aptos similarly to how Avalanche benefited from its partnerships in the Project Guardian initiative (JPMorgan and Wisdomtree), experiencing a substantial price increase post-announcement. “Avalanche saw a price increase of more than 4x following the ‘Project Guardian’ news,” Layergg noted.

They concluded, “If a partnership with BlackRock proceeds, more ‘Big partnerships’ will naturally follow.”

At press time, APT traded at $17.59, up 87% over the past five weeks.

Aptos price

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From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory

Litecoin (LTC), the silver to Bitcoin’s gold, has enjoyed a recent price surge, leaving investors cautiously optimistic about its future trajectory.

Over the past week, LTC has seen a 13% increase, with its value hovering nearly $96 at the time of writing.

This bullish run has been accompanied by technical indicators suggesting a potential continuation of the uptrend, but some analysts warn of lurking risks.

Potential Litecoin Price Bump In The Offing

One key driver of optimism is the apparent breakout from a bullish triangle pattern. This technical indicator, identified by popular analyst World of Charts, suggests a potential price surge in the coming months, with some analysts even predicting a climb to $400.

Further fueling the bullish sentiment are on-chain metrics like the MVRV ratio, which suggests the coin might not be overvalued yet.

Additionally, a rise in Daily Active Addresses and transaction volume indicates increased investor activity and trading.

This is further corroborated by a bullish crossover on the MACD indicator and a rising Money Flow Index (MFI), both suggesting potential for further price hikes.

However, not all signals are green. The Network-to-Value (NVT) ratio, which indicates potential overvaluation, has also spiked alongside the price increase. This raises concerns about a possible price correction if the market deems LTC to be overvalued.

While the recent price action for Litecoin is encouraging, it’s crucial to maintain a balanced perspective, analysts caution. Technical indicators can be helpful, but they shouldn’t be the sole decision-making factors, they said.

LTC Hashrate Remains Stable

Meanwhile, the hashrate, a measure of computing power dedicated to mining LTC, has remained stable, suggesting no significant changes in miner activity. However, some analysts worry that a potential drop in hashrate could hinder future growth.

The overall picture for Litecoin presents both opportunities and challenges. The recent price surge and positive on-chain metrics are encouraging signs.

However, potential overvaluation concerns and conflicting technical signals urge caution. Investors should closely monitor both technical and fundamental factors before making any investment decisions.

The coming weeks will be crucial for LTC. If the uptrend continues and the price breaks through key resistance levels, a significant rally could be on the horizon.

If overvaluation concerns materialize or the broader market takes a downturn, a price correction could occur.

Featured image from Pexels, chart from TradingView

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XRP Records Massive 80% Surge In Trading Volume – Can Price Reach A New ATH?

XRP continues to show strength despite largely underperforming during the ongoing bull market. Interestingly, the crypto witnessed a surge in activity last week, with trading volume surging in tandem. Particularly, the trading volume saw an increase of over 80% recently. 

However, the boost in activity and trading volume has not necessarily translated into continuous price growth, as XRP is currently on a 13% percent correction from the $0.74 price level on Monday.

XRP Trading Volume Surges, But Will Price Follow?

XRP witnessed a surge earlier in the week which saw it breaking out of a 6-year-long symmetrical triangle, prompting analysts to anticipate a continued price surge.

During this period, the crypto witnessed a surge in trading volume from whales in particular, with large bouts of XRP leaving crypto exchanges.

This bullish sentiment allowed XRP to cross over $0.74 for the first time in eight months, albeit for a short moment. This surge in price was short-lived, as XRP fell as low as $0.6 in the days after.

However, a recent 80% surge in on-chain activity and trading volume has led to the price of XRP increasing by 4.45% in the past 24 hours and 2.2% in a seven-day timeframe.

Volume spikes of this magnitude often occur before a price rally, therefore, this massive spike in volume has the XRP community speculating that a strong price rally could be on the horizon.

Current Price Action: Can XRP Reach A New All-Time High?

At the time of writing, XRP is trading at $0.6398. The crypto’s journey to a new all-time high is definitely not going to be an easy one, as it is now down by 83% from its current all-time high of $3.84. 

However, current market dynamics and various predictions from many crypto analysts indicate that the crypto might go on a surge of great magnitude in the near future.

One of these is a prediction from analyst Jaydee, who noted that XRP’s recent breakout from the six-year trendline mentioned earlier could lead to a surge to $3 from the current price level.

The major resistance level to watch is $0.74. XRP tested this level a few days ago but failed to close above it. If bullish momentum continues and volume stays strong, XRP could break through $0.74 decisively in the new week. If it does, the next resistance levels are at $0.82 and $1.5. 

One of the few factors that could contribute to a strong price increase is regulatory clarity regarding XRP’s status, which could boost confidence from institutional investors.

Notably, XRP’s non-security status seems to be gaining ground. The European Corporate Governance Institute (ECGI) recently published a research paper acknowledging this non-security status.

Featured image from Pexels, chart from TradingView

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Spot Trading on Zenit World: Explained

In the ever-evolving world of cryptocurrency, having a reliable and accessible platform for trading is crucial. Zenit World steps into this arena, offering a user-friendly platform specifically designed for spot trading. But what exactly is spot trading, and how does Zenit World facilitate it?

This article breaks down Zenit World’s Spot Trading capabilities and explores why it’s a top choice among traders.

What is Spot Trading?

Spot trading, in essence, is the direct buying and selling of cryptocurrencies at the current market price. This means you exchange one asset for another, like instantly swapping Bitcoin (BTC) for Ethereum (ETH) at the prevailing rate on the platform. Therefore, it’s a straightforward approach, ideal for beginners and experienced traders alike.

What is Zenit World?

Zenit World is a cryptocurrency trading platform aiming to empower individuals in the crypto market. They strive to make advanced trading strategies and technologies accessible to everyone, fostering a community of passionate traders seeking success in the world of crypto.

Zenit World’s Spot Trading Platform

Zenit World boasts a platform built with accessibility and versatility in mind. Here’s what makes it stand out:

  • Wide Range of Cryptocurrencies: Trade various leading cryptocurrencies across diverse sectors, including DeFi, metaverse tokens, Layer 2 solutions, and established coins.
  • USDT Pairing: All cryptos are paired with Tether (USDT), a stablecoin pegged to the US dollar. This simplifies trading and avoids price fluctuations.
  • 24/7 Accessibility: Trade anytime, anywhere, ensuring you never miss an opportunity.
  • Secure and Reliable: Zenit World prioritizes security, employing robust measures to protect your assets and transactions.

Benefits of Spot Trading on Zenit World

  • Simple and User-Friendly: The platform is designed for ease of use, making it suitable for both novice and experienced traders.
  • Diverse Trading Options: Explore a wide range of cryptos across various sectors to match your trading goals.
  • Standardized Experience: USDT pairing ensures consistency and clarity across transactions.
  • Accessibility & Convenience: Trade anytime, anywhere, from any device.

Why Zenit World?

Zenit World goes beyond just offering spot trading. It strives to be a comprehensive platform that fosters a vibrant community of passionate crypto enthusiasts. Their commitment to accessibility and innovation shines through in several key features:

  • Diverse Cryptocurrency Selection: Trade a wide array of leading cryptocurrencies across diverse sectors, including established coins, DeFi tokens, metaverse projects, Layer 2 solutions, and more.
  • Standardized Trading Experience: All cryptocurrencies are paired with Tether (USDT), a stablecoin pegged to the US dollar. This eliminates volatility and simplifies the process, providing consistency across transactions.
  • 24/7 Global Access: Trade anytime, anywhere, from any device. Never miss an opportunity, regardless of your location or time zone.
  • Third-party Custodianship: Your crypto assets are shielded by advanced MPC wallet technology in partnership with a premier custodian.

Learn more about Zenit World and get access to exclusive content, including its latest White Paper.

Follow Zenit World on social media to stay up-to-date on the latest news and trends in the industry.

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Disclaimer:

The content provided on this article, web page, or blog is intended for informational purposes only and should not be interpreted as investment advice or recommendations. Engaging in cryptocurrency purchasing or trading inherently involves risks, such as market fluctuations, potential market manipulation, and cybersecurity threats. Before making any decisions, users are advised to perform comprehensive research to ascertain the credibility and authenticity of individual cryptocurrencies and their underlying platforms.

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Tron (TRX) investors add DeeStream (DST) after Binance Coin (BNB) funds puts huge investments into innovative presale

The creation of cryptocurrencies was a turning point for tech and finance. Cryptocurrencies changed investments. It spurred people to reimagine the concept of “money”.

Today, almost everyone appreciates the profitability of cryptocurrencies and invests accordingly. In a way, it has also become quite competitive. Crypto investing is now all about the question, “Which of these coins would be the most profitable?”

This is why holders of renowned cryptocurrencies like Tron (TRX) and Binance Coin (BNB) still invest in other coins. Tron (TRX) and Binance Coin (BNB) holders want to expand their crypto investments. Currently, they’re investing massively in DeeStream (DST), a token that helps them get their investment expansion dream.

What Do Tron(TRX) Investors Think About DeeStream(DST)?

Lately, Tron (TRX) has been doing well in the crypto market. Tron (TRX) saw a good 8.43% rise in the last week, with some significant spikes in the last month too.

Nonetheless, Tron (TRX) investors desire so much more. They see DeeStream (DST) as an opportunity to improve their crypto investments. These Tron (TRX) holders realize its potential as a blue-chip cryptocurrency but are also focused on DeeStream dominating recent crypto conversations.

DeeStream (DST) is not just a token. DeeStream (DST) is a Web 3 streaming platform, fully decentralized to address all the issues with conventional streaming platforms like YouTube. This is one of the reasons Tron (TRX) holders find it appealing.

What Binance (BNB) Investors Think  About DeeStream (DST)

DeeStream (DST) operates with a collective governance model, one that allows users and DeeStream (DST) investors to determine the platform’s policies. Binance Coin (BNB) Investors find this intriguing.

Binance Coin (BNB) is relatively well-established in the crypto market. The coin has had significant spikes in recent months, yet, Binance Coin (BNB) Investors want more financial control and flexibility. That’s why they turn to DeeStream(DST).

DeeStream (DST) grants Binance Coin (BNB) investors who buy its token access to numerous rewards and benefits on the DeeStream (DST ) platform. These Binance Coin (BNB) investors will get a shared proportion of DeeStream’s (DST ) revenue for as long as they hold onto their DeeStream (DST) tokens.

DeeStream (DST), An Emblem Of Innovation

DeeStream (DST) is just in its first stage of presale, yet, Tron (TRX) and Binance Coin (BNB) investors are rushing in to invest massively. This hype is an indicator of DeeStream’s (DST) potential.

DeeStream’s (DST) presale price of only $0.035 is an additional incentive for Tron (TRX) and Binance (BNB) Investors to bring in massive capital. They know that early large investments in DeeStream’s (DST) guarantee a vital advantage of increased returns.

DeeStream (DST) is unlike any streaming platform and unique in comparison with Web 3 alternatives. It represents a convergence of two important technologies – Streaming and blockchain. This degree of innovation is unprecedented, even in the cryptocurrency era.

The world will evolve and so will technology. The best benefits of this evolution process will be obtained from the best combinations of innovations. The platform DeeStream (DST) is an excellent example of this kind of revolutionary innovation.

Find out more about DeeStream (DST) presale by visiting the website below;

Find out more about the DeeStream presale by visiting the website here

 

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Dai (DAI) investors buy Pushd (PUSHD) early to see summer profits while Bitcoin (BTC) hits $52k

Some crypto projects are not as volatile as other projects on the blockchain, they are called stablecoins, Dai (DAI) is one of such coins. Dai (DAI) is linked to the US dollar by 1:1. Investors use stable coins like Dai (DAI) to escape the level of uncertainty that comes with regular coins. Bitcoin (BTC) is the oldest cryptocurrency on the blockchain. Bitcoin (BTC) paved the way for other cryptocurrency projects. We do not know the identity of the creator(s) of Bitcoin (BTC), they use the moniker, Satoshi Nakamoto.

Pushd (PUSHD) is the new project on the scene that has investors talking, they all want to get a piece of the action. Pushd (PUSHD) has now gone through four presale stages and is currently on its fifth. In these stages, Pushd (PUSHD) has been able to get over 25,0000 sign-ups.

Dai (DAI) and the end of stablecoins

The argument for stablecoins like Dai (DAI) is that even though it records red lines, it will not stray too far even if a stablecoin goes below the line by 0.05% it is still a cause for concern. Dai (DAI) has spent more than half of last week below the line. Dai (DAI) holders are worried because Dai (DAI) is not as stable as they would like and they would rather just make profits with projects with great predictions like Pushd (PUSHD).

Bitcoin (BTC) is still in good shape

Being the first decentralized cryptocurrency project, Bitcoin (BTC) has already made its mark in history. Bitcoin (BTC) holders are satisfied with their investments as Bitcoin (BTC) keeps climbing in the charts. In the last year, Bitcoin (BTC) has grown by 109% but experts believe that Pushd (PUSHD) will be a better investment for 2024.

Pushd (PUSHD) has the market singing its praise

The news of Pushd (PUSHD) has spread all over the decentralized market but what is this new project that even experts are excited about? Pushd (PUSHD) is going to be the first decentralized project that allows people to buy and sell items online. Pushd (PUSHD) will usher in the world to the era of decentralized online marketplaces. Pushd (PUSHD) will change the way the world looks at online shopping and the decentralized economy.

Experts predict that there will be many more people joining the Web3 world because they want to shop on Pushd (PUSHD). Why would they come to shop in Pushd (PUSHD)? Because Pushd (PUSHD) has so many benefits that traditional marketplaces will not be able to keep up. For example, Pushd (PUSHD) will enjoy the lowest transaction fees possible, this is because, unlike traditional marketplaces, Pushd (PUSHD) has no middleman between buyer and seller. Users will also enjoy faster transactions and a safer shopping environment.

Pushd (PUSHD) has even more benefits that have investors buying into its fifth presale stage at $0.094. Find out more about the Pushd (PUSHD) presale by visiting the website here.

Find out more about the PUSHD presale by visiting the website here

 

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Hot New Memecoin Is Surging, Toncoin (TON) and Celestia (TIA) Are Struggling for Momentum

Despite the recent market surge, Toncoin and Celestia have lost their momentum. Both projects have seen price declines over the last 24 hours, causing investors to jump boat and diversify.

Meanwhile, a new meme coin is surging during its presale. Now, as early investors prepare for returns of 220%, experts believe this project could become one of the biggest meme coins of 2024.

Toncoin Pioneers New DeFi Developments

Toncoin is working to bridge the gap between DeFi and real-world applications. Over the last month, Toncoin’s new development has made it possible for users to buy anonymous phone numbers. The altcoin also set a new translation speed record, with 104,715 transactions per second.

These developments have put Toncoin on the radar of many investors, however, the altcoins price performance has been poor. Over the last month, Toncoin’s price decreased by 5.55%, while many projects saw increases of over 20%.

Consequently, Toncoin’s popularity has decreased, and its daily trading volume has fallen to just $41 million. According to CoinMarketCap, this makes Toncoin the #160 ranked cryptocurrency by daily trading volume, despite TON being the 15th ranked cryptocurrency by market cap.

Celestia Crashes After Hitting An All-Time High

On February 10, Celestia hit a new all-time high of $20.91. This achievement helped Celestia make global headlines, during which Celestia’s daily trading volume surged. However, since hitting this milestone, Celestia’s momentum has crashed.

The altcoin hit a strong resistance, and its price is down by 12.62% to $18.21. This price crash has caused Celestia’s daily trading volume to fall to $220 million, and some investors are now selling their TIA tokens.

Nonetheless, experts remain bullish about Celestia. According to bullish market predictions, Celestia could hit $30 by the end of Q1. This significant increase would make Celestia one of the markets best-performing altcoins, though it would require the general crypto market to remain bullish for at least another month.

Investors Choose This New Altcoin Over Trending Cryptos

As several altcoins start to lose their momentum, many investors are choosing to diversify with a popular new meme coin, KangaMoon.

KangaMoon (KANG) has quickly attracted a bullish investor community with its hybrid social-fi and P2E model. Unlike other meme coins, KangaMoon offers fantastic utility and gives its player base several different income opportunities.

For example, KangaMoon users will be able to complete weekly, monthly, and quarterly challenges to win the project’s native token, KANG. Furthermore, during the KangaMoon presale, investors who actively promote the project will be granted additional KANG rewards.

The KangaMoon ecosystem is designed to promote social activity. Users will be rewarded for engaging with players, with more social activity leading to greater social rewards. The aim of this is to create a vibrant, exciting community where DeFi enthusiasts can network, build new connections, and more.

KANG tokens are currently available for $0.005, though are expected to increase in value soon as stage 1 of the KangaMoon presale sells out. During its presale, analysts speculate that KangaMoon could offer returns of over 220%, which has made the presale a popular option among altcoin investors.

Can KangaMoon Outpace Toncoin and Celestia?

Having already gained significant momentum, KangaMoon is expected to outperform Toncoin and Celestia in Q1. Once it launches on Tier-1 exchanges, experts speculate that KangaMoon could offer additional returns of up to 350%, which has made the meme coin a highly anticipated project.

Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

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3 Signs That A Bitcoin Supply Shock Could Be Just Days Away

The Bitcoin community is currently abuzz with discussions of an impending supply shock, a market phenomenon where demand outstrips supply, potentially leading to a substantial price increase. Indicators from various sectors within the market are currently converging, suggesting that such an event may be closer than many anticipate. Here’s an in-depth look at three signs for an impending supply shock:

#1 Surging Demand For Bitcoin ETFs

Bitcoin ETFs have been creating an exceptionally large demand since their launch. Initially, this demand surge was somewhat moderated due to significant outflows from the Grayscale Bitcoin ETF (GBTC). However, day 13 of the Bitcoin ETFs showed once again that the Grayscale outflows are slowly slowing down (yesterday: $220.7 million, previously $191.7 million), while the last two trading days saw net inflows for all ETF issuers of around $250 million.

Bitcoin Spot ETF Flow - Day 13

Dan Ripoll, managing director at Swan, provided a detailed analysis on the sheer magnitude of this. “The Bitcoin spot ETFs have already snatched up 150,500 BTC in just 13 trading days. They are buying at a rate of 12,000 BTC per day. Now, let’s KISS (keep it simple stupid). There are only 900 BTC per day being issued. BTC is being bought up at a rate of 13x daily issuance. In 3 months, the issuance will be cut in half, driving the demand/supply imbalance to a staggering 26x daily issuance!”

Furthermore, Alessandro Ottaviani, a respected Bitcoin analyst, underscored the potential market shift, stating, “Now that the Bitcoin ETF inflow will always be higher than the Grayscale outflow, the only way to accommodate that demand will be through an increase of price. Once we reach $60k and even more after the new ATH, Institutional FOMO will be officially triggered, and it will be something that the human being has never experienced.”

WhalePanda, a renowned crypto analyst, highlighted recent activities, adding credibility to the brewing supply shock: “Yesterday another ~$250 million net inflow into Bitcoin ETFs with Blackrock doing a solid $300 million all by itself. Two days of $250 million inflow, the price didn’t rally much yesterday, but a couple of days like this, and you’ll see what kind of supply shock this will have on BTC.”

#2 Massive Bitcoin Miner Selling Absorbed

Despite a substantial flow of coins from miner wallets to spot exchanges, the market has shown remarkable resilience. According to a report from Cryptoquant:

“Yesterday, the flow of coins in miner wallets going to spot exchanges recorded the highest value since May 16, 2023. In total, more than 4,000 Bitcoins flowed to spot exchanges, around $173 million in selling pressure. However, this selling pressure was calmly absorbed by the market.”

It’s critical to note that despite these interactions, the reserves in mining portfolios have remained consistent since the beginning of January, indicating that the market has effectively absorbed the selling pressure without significant price depreciation.

bitcoin miner selling

#3 Stablecoins Aka “Dry Powder” On The Rise

The stablecoin aggregated market cap serves as a precursor to potential market movements. Recently, the stablecoin aggregated market cap has shown a significant rebound, moving from a bottom of $119.5 billion in mid-October 2023 to nearing $130 billion.

This rise in stablecoin reserves is often interpreted as “dry powder,” ready to be deployed into assets like Bitcoin, potentially further accelerating the supply/demand mechanics. Alex Svanevik, founder of on-chain analysis platform Nansen, remarked on the correlation between stablecoin reserves and BTC price: “When stables on exchanges peaked, BTC price peaked.”

Stablecoin aggregated market cap

At press time, BTC traded at $42,848.

Bitcoin price

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Ethereum Price Loses Steam – This Resistance Could Spark Another Decline

Ethereum price jumped above the $2,280 resistance zone. ETH could gain bullish momentum if it clears the $2,330 resistance zone.

  • Ethereum started a decent increase above the $2,250 resistance zone.
  • The price is trading above $2,280 and the 100-hourly Simple Moving Average.
  • There was a break above a connecting bearish trend line with resistance near $2,260 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair might struggle to clear the $2,325 resistance zone and might correct lower.

Ethereum Price Revisits Resistance

Ethereum price started a decent increase above the $2,250 resistance zone. ETH cleared the $2,280 resistance zone like Bitcoin to start a steady recovery wave.

The bulls even pushed the price above the $2,300 resistance. There was a break above a connecting bearish trend line with resistance near $2,260 on the hourly chart of ETH/USD. A new weekly high was formed near $2,327 and the price is now consolidating gains.

It is now trading above the 23.6% Fib retracement level of the upward move from the $2,234 swing low to the $2,327 high. Ethereum is also trading above $2,280 and the 100-hourly Simple Moving Average.

Ethereum Price

Source: ETHUSD on TradingView.com

On the upside, the first major resistance is near the $2,330 level. The next major resistance is near $2,350, above which the price might rise and test the $2,420 resistance. If the bulls push the price above the $2,420 resistance, they could aim for $2,450. A clear move above the $2,450 level might start a decent increase. In the stated case, the price could rise toward the $2,550 level.

Another Bearish Wave in ETH?

If Ethereum fails to clear the $2,330 resistance, it could start another decline. Initial support on the downside is near the $2,300 level.

The next key support could be the $2,280 zone or the 50% Fib retracement level of the upward move from the $2,234 swing low to the $2,327 high. A daily close below the $2,280 support might start another major decline. In the stated case, Ether could test the $2,200 support. Any more losses might send the price toward the $2,120 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $2,280

Major Resistance Level – $2,330

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Shibarium On The Verge Of Momentous Milestone – Will This Trigger A Price Rally?

Shibarium is almost at a new transaction milestone amid Shiba Inu’s market price uncertainty. The latest data from Shibariumscan shows the layer-2 scaling platform for Shiba Inu is now nearing a transaction count of 300 million, an exciting threshold that points to a successful and impactful rollout. With SHIB now struggling to post gains in the past month, it is only natural to ponder whether Shibarium’s eventual attainment of this transaction milestone could reverse the meme coin’s fortune, even if only temporarily. 

Shibarium Nears 300 Million Transactions

Shibarium has largely been successful since it went live in August 2023, becoming the preferred platform of Shiba Inu whales and investors. In the first month, Shibarium processed more than 3 million transactions, an indication of its market fit. 

The layer-2 solution particularly witnessed a flurry of transactions towards the end of 2023, pushing the total transaction count over milestones in multiple succession. In December, Shibarium averaged over 7.5 million transactions every day.

However, the daily transaction count has seen a decline in January, save for a recent integration of Shibarium by crypto exchange Gate.io. Despite the recent decline, Shibarium’s total transactions point to steady activity. At the time of writing, Shibarium’s 24-hour daily transaction stands at 2.75 million and a total of 299.4 million transactions, spanning 2.75 million blocks.

Incoming SHIB Price Surge?

As it stands, a larger part of SHIB’s utility is now tied to the adoption and use of Shibarium, and the crypto is known to react to updates regarding the Shibarium platform. SHIB has mostly traded below $0.00001 since the beginning of the year, and a 300 million transaction milestone could become a much-needed catalyst for a price surge. 

Higher usage signals investor interest and faith in the ecosystem. At the same time, fees collected from transactions on Shibarium could be used to burn more SHIB, leading to an uptick in the SHIB tokens left in circulation.

SHIB is currently trading at $0.000009474, down by 13% since reaching $0.0000109 on January 2nd. Price action shows the crypto testing the $0.0000087 and $0.0000089 support levels throughout the month, rebounding three times. According to data from IntoTheBlock, 78.92 trillion SHIB tokens were bought between these price points, which are now acting as support

BONE, Shibarium’s gas token, also shares the same sentiment. BONE is currently trading at $0.6179, down by 18% in the past month, as part of the recent daily transaction decline on Shibarium. However, reaching a new transaction milestone could cascade into an uptick in daily transactions, which would increase BONE’s utility and trigger price growth.

Featured image from Pexels 

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Maker (MKR) Makes Crypto History: $2K Breached – Can DeFi Reach For More?

Maker DAO’s MKR has been a dominant force in real-world asset (RWA) transactions within decentralized finance (DeFi), boasting a daily average of $94.5 million in RWA-related transactions in the second week of January. Despite this impressive transaction volume, there are underlying challenges that investors need to consider.

Maker Transaction Volume Dominance

MKR stands out with its substantial RWA transaction volume, signaling ongoing activity and interest in the MakerDAO ecosystem amid market volatility. This is a positive indicator for the protocol.

MakerDAO’s strategic move towards tokenized T-Bills has proven successful, contributing over half of the protocol’s fee revenue. This diversification provides a potential growth engine, offering a positive aspect amid other challenges.

The Concern: Decline In RWA Activity

However, the overall picture for RWA on MakerDAO is not entirely positive. The total value locked (TVL) in RWA has dropped by 33% since October, raising concerns about waning investor interest in real-world asset integration on the platform.

Investor sentiment mirrors the decline in TVL, with a substantial $871 million withdrawn from Maker’s RWA offerings in the past three months. This suggests potential concerns about specific RWA deals or broader market volatility.

Despite positive sentiment and demand for MKR, questions arise about the sustainability of this momentum if the RWA decline persists. The future of MKR as the RWA leader is uncertain, and the potential ripple effects remain a key consideration.

Revival Or Paradigm Shift?

The capital flight may be a temporary setback or indicative of a broader shift in investor preferences towards different RWA platforms or asset classes. Time will reveal whether MakerDAO can regain investor confidence and revive its RWA sector.

MKR was trading at $2,015 at the time of publication, based on CoinMarketCap data. The demand for the altcoin has increased as the year has progressed, with the majority of the attitude being favorable.

The challenges and opportunities of RWAs in DeFi are encapsulated in MakerDAO’s story. While high transaction volume and innovative T-Bill offerings show promise, the significant decline in RWA inflows raises questions about the protocol’s long-term sustainability.

The success of RWAs on MakerDAO and in DeFi as a whole hinges on finding the right balance between innovation, risk management, and building trust with investors. MakerDAO faces the challenge of rewriting the RWA narrative or potentially losing its prominence in the evolving landscape of real-world assets in DeFi.

Featured image from Shutterstock

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Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows

CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more.

Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance of centralized crypto exchanges (CEX) and decentralized exchanges (DEX).

Centralized Crypto Exchanges Dominated

Crypto saw a $36.6 trillion trading volume in 2023, with a volume increase of +53.1% from Q3 ($6.7 trillion) to Q4 ($10.3 T). The Q4 increase marked the first quarter-on-quarter (QoQ) growth of 2023 and could be attributed to the “growing bullish sentiment” in the crypto market due to the anticipation of spot Bitcoin ETFs’ approval by the SEC.

Despite the market’s challenges, such as the aftermath of FTX’s collapse, the worldwide banking crisis, or Binance’s regulatory difficulties in 2023, the data presented in the report shows an overall market recovery.

In December 2023, the trading volume increased sharply to $4.3 trillion, a volume not seen since March 2023. Overall 2023, centralized exchanges dominated the year despite the challenges, especially when compared to decentralized exchanges (DEX). The report details:

  • CEXto DEX spot trading volume ratio hovered around 91.5% in Q4.
  • CEX to DEX derivatives trading volume ratio dropped to 97.3% from 98.5%.
  • CEX to DEX spot ratio stood at 91.4% in 2023.
  • CEX to DEX derivatives ratio was 98.1% in 2023.

Binance, Upbit, OKX, Bybit, and Coinbase are among the Top 10 centralized exchanges by trading volume. Binance managed to dominate the list despite dropping to a yearly low market share of 41% in November, following a continued loss throughout 2023.

There was a +98.1% increase QoQ, after the top 10 CEXes recorded $2.20 trillion in spot trading volume in 2023 Q4. Previously, the trading volume had failed to reach above $2 trillion for two consecutive quarters.

Altogether, the top 10 CEXes recorded $7.2 trillion in spot trading volume in 2023 compared to $9.4 trillion in 2022, representing a -23.4% year-on-year (YoY) decline.

Deep Dive Into The Spot Decentralized Exchanges (DEX) Trading Volume In 2023

The Top 10 DEXes recorded $205.3 billion in spot trading volume in 2023 Q4, indicating a +87.1% Total Trading Volume Increase QoQ. Uniswap, Pancakeswap, Orca, Curve, and THORSwap dominate the DEXes in 2023’s Top 10 spot DEX trading volume.

Notably, the report names Orca and THORSwap as the biggest gainers amongst the DEXes in 2023 Q4, with Orca increasing 1,079% ($12.2 billion), while THORSwap saw a surge of 422.4% ($10.1 billion)

When breaking down the 2023 spot DEX trading volume breakdown by chain, the report details that Ethereum had $99.3 billion of DEX trading volume in 2023 Q4, displaying an increase of +38.3% from 2023 Q3. However, it ended with a low 41% dominance, dropping below 50% for the first time in 2023 in November and December.

It’s worth noting that Solana was the biggest gainer, with a 985.5% increase in QoQ, while THORChain took second place with a 422.4% trading volume increase in Q4. The data shows that the two chains ranked #3 and #5 in December 2023.

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Parabolic Bitcoin Indicator Points To Continued Bull Run Despite 15% Crash

Recently, Bitcoin experienced a significant drop, crashing 15% from its 2024 highs around $49,000. This decline followed closely on the heels of the approval of 11 spot Bitcoin Exchange-Traded Funds (ETFs), a move that was initially met with optimism in the crypto community. The sudden downturn has left investors and traders analyzing the charts for clues about Bitcoin’s next move.

Is The Bullish Bitcoin Trend Over?

In the wake of this decline, technical analysis offers a beacon of insight. Notably, the correction was marked by a bearish engulfing candle on the daily chart, signaling a potential reversal in Bitcoin’s upward trend.

Accompanying this was a nasty wick – a long upper shadow on the candlestick chart, indicating a significant sell-off after prices peaked.

Further complicating the landscape was the opening of the CME BTC Futures with a sizeable gap down. Such gaps are often viewed as potential resistance levels, reinforcing the bearish sentiment.

BTC1!_2024-01-17_12-55-31

Stop And Reverse: A Ray Of Hope

However, amidst these seemingly negative signals, a ray of hope shines through from a “parabolic” technical indicator – the Parabolic SAR (Stop and Reverse).

Despite the tumultuous market conditions, the weekly BTCUSD Parabolic SAR indicator remains untagged, suggesting that the long-term uptrend is still intact.

This indicator, known for its effectiveness in identifying potential reversals in the market’s direction, paints a different picture from the immediate bearish signals and sentiment.

What Is The Parabolic SAR?

To fully grasp the significance of the Parabolic SAR in this context, it’s essential to understand what it is and how it functions. The Parabolic SAR is a popular technical analysis tool used primarily to determine the direction of an asset’s momentum and to provide entry and exit points.

The ‘SAR’ in Parabolic SAR stands for ‘Stop and Reverse.’ This indicator is represented on charts as a series of dots placed either above or below the price bars. A dot placed below the price is viewed as a bullish signal, while a dot above is bearish.

The unique aspect of the Parabolic SAR is its ability to act as a trailing stop loss. As the price of an asset moves, the Parabolic SAR adjusts, moving closer to the price line. This adjustment provides a dynamic method for traders to manage their positions, securing profits while limiting potential losses.

In the context of Bitcoin’s current situation, the Parabolic SAR’s position – still below the price bars on the weekly chart – suggests that the long-term bullish trend is not yet disrupted.

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Ethereum Name Service Steals The Show: ENS Leaps 70%, Outperforming Crypto Market

Despite the recent challenges in the cryptocurrency market, Ethereum Name Service (ENS) has experienced a notable surge, increasing by 70% in the past week. This remarkable growth contrasts sharply with the overall bearish trend observed throughout 2023. Investors are now questioning whether ENS could be the symbol of recovery rising from the aftermath of the crypto crash.

As of this writing, ENS is trading for $24.6,3 down nearly 4% in the last 24 hours, data from Coingecko shows. The project has a market capitalization of $761 million, with a 31 million ENS supply in circulation.

Ethereum Name Service: From Frozen Depths To Soaring Heights

Just months ago, ENS lay buried under a blanket of fear, uncertainty, and doubt. Battered by a prolonged crypto winter and regulatory chills, it slumped to a five-year low in June 2023.

Yet, as the new year dawned, a thaw set in. Fueled by a surge of market confidence and a 50% price increase triggered by the recent approval of Spot Bitcoin ETFs, ENS began a relentless climb, shattering its previous peak and leaving investors breathless in its wake.

What Ignited The ENS Engine?

This strong price ascent wasn’t born out of thin air. Several key factors fueled the ENS inferno:

  • Layer-2 Endorsement: Ethereum co-founder Vitalik Buterin has become a vocal champion of ENS integration with layer-2 scaling solutions. This vision of faster, cheaper transactions using human-readable ENS domains resonated with users and developers alike, painting a brighter future for the project.
  • DeFi Embrace: With decentralized finance (DeFi) taking center stage in the crypto revolution, the ease and security of ENS domains have become increasingly attractive. The ability to send and receive funds using simple names like “alice.eth” instead of long, alphanumeric wallet addresses is a game-changer for user experience.
  • Community-Driven Flight: Unlike traditional, centralized naming systems, ENS thrives on a decentralized foundation governed by smart contracts and a DAO. This democratic approach gives users a direct say in the project’s future, fostering a sense of ownership and community that fuels its growth.

Challenges On The Horizon?

Ethereum Name Service is a decentralized naming system on the Ethereum blockchain, for those who are unaware. It enables users to obtain names that are legible to humans, such as “bob.eth,” and associate them with identifiers like addresses, content hashes, and metadata.

Meanwhile, despite the sun-drenched optimism, storm clouds still linger on the horizon. Regulatory uncertainty surrounding Ethereum’s classification as a security or commodity could cast a shadow on ENS’s future. Additionally, the broader crypto market remains susceptible to sudden shifts in sentiment, making sustained growth anything but guaranteed.

The Road Ahead

The ENS rally serves as a powerful testament to its resilience and potential. However, navigating the volatile crypto landscape demands a cautious approach. As with any investment, careful research and a measured understanding of the risks involved are paramount.

One thing is certain: with its user-friendly domain names, community-driven spirit, and increasing DeFi and layer-2 integrations, ENS has carved a unique niche in the crypto ecosystem.

Featured image from Shutterstock

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Bitcoin Enters Uncharted Territory with First Ever Golden Cross

As we step into 2024, Bitcoin opens the year with a remarkable price of $47,000, signaling a potential shift in the market dynamics. 

This new year brings with it a historic moment for Bitcoin – its first-ever ‘Golden Cross’ involving the 50-week and 200-week moving averages (MAs). This rare occurrence is not just a technical anomaly but potentially a harbinger of a significant market movement.

What Is A Golden Cross In Crypto?

To understand the implications of this event, we must first delve into what a Golden Cross is in the context of cryptocurrencies. In technical analysis, a Golden Cross occurs when a shorter-term moving average crosses above a longer-term moving average from below.

In Bitcoin’s case, the 50-week MA has risen above the 200-week MA for the first time in its history. This event is traditionally viewed as a bullish signal in various markets, including stocks and commodities, and is now making its mark in the crypto domain.

The Golden Cross is significant because it potentially reflects a shift in market sentiment from bearish to bullish over a substantial period. It’s not just a fleeting moment of upward price movement but instead points to a sustained trend that has been building over weeks and months.

This historic crossover indicates a strong, long-term upward trend, shaking off the shackles of previous bearish periods.

BTCUSD_2024-01-08_07-47-46

Will The Buy Signal Push Bitcoin Higher?

The emergence of this Golden Cross in Bitcoin’s chart is bound to catch the eyes of trend-following traders and investors. Trend-following trading systems are programmed to identify such signals and take positions accordingly.

These systems, often automated and based on algorithmic strategies, play a significant role in today’s trading landscape. They analyze historical data and current market trends to make predictions and execute trades.

With Bitcoin’s first Golden Cross, we are likely to see a surge in interest from these systems. The signal could trigger a wave of buying activity as trend-followers jump in, anticipating a continued upward movement. This influx of buying could, in turn, push Bitcoin’s price even higher, creating a self-fulfilling prophecy of sorts.

However, it’s crucial to approach this with a balanced perspective. While the Golden Cross is a strong bullish signal, it’s not infallible. Daily Golden Crossed have been known to uncross daily’s later, only to Death Cross in the weeks ahead. A Death Cross is the opposite signal, when a shorter-term MA crosses a longer-term MA from above. 

In conclusion, Bitcoin’s first-ever Golden Cross between its 50-week and 200-week MAs is a momentous event in its history. It’s a signal that could potentially lead to significant market movements, particularly if trend-following systems take action based on this development.

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XRP Price Surge: Crypto Analyst Predicts Various Bullish Scenarios In The Coming Days

Crypto analyst EGRAG crypto recently posted an analysis of the various scenarios for the price trajectory of XRP in the near future. XRP, like most top cryptocurrencies, has received many price predictions in the past few months, as the entire crypto market witnessed a consistent increase in activity throughout the fourth quarter of 2023.

However, predicting the future outlook of cryptocurrencies can be a very tricky endeavor, but this crypto analyst, known for his bullish stance on XRP, outlined different trajectories for XRP in the coming months, with some of them being more bullish than others. 

Fundamentals And Technicals Point To A Bullish XRP

XRP has been on a roller coaster ride this year. The crypto went through the first half of the year still carrying on the burden surrounding Ripple’s lawsuit with the SEC since 2020. By the second half of 2023, XRP became the first cryptocurrency with legal clarity in the US. This caused its price to skyrocket from $0.46 in less than 24 hours to $0.82, the highest point in 15 months. 

Despite the crypto still being up by 80.45% this year, the price has since corrected, and XRP is now trading at $0.6225. According to crypto analyst EGRAG’s analysis, the crypto is still in a bullish mindset that would send it over $1 in the coming months, a price level it hasn’t seen since November 2021.

XRP Price Scenarios and Potential Trends

Under the first scenario presented by EGRAG, XRP will reach $1.10 by February 2024. However, the crypto could revisit another swing low at $0.55 to $0.58 before making this bullish run. If this happens, it would make it much easier for the crypto to to achieve multiplier factors over 10X and 20X.

In the second possible outcome, XRP will surge to $1.4 in the first quarter of 2024. EGRAG noted that the eventual approval of spot Bitcoin ETFs in the US could turn out to be a sell-the-news event, which could see XRP crashing back down to $0.75 to $0.80 between July and September 2024. If this scenario were to play out, the $0.80 to $0.85 price level would become a strong “MACRO Resistance” for future price action.

In the third and most bullish scenario, XRP and the entire crypto market will surge alongside Bitcoin after the approval of spot ETFs in the US. As a result, XRP could easily surpass its current all-time high by March 2024 and might peak between $2.2 to $2.8.

It’s important to note that the crypto industry will become open to traditional investors by this point, including big Wall Street investors. EGRAG warned of potential manipulation of retail investors by the “big boys,” adding that “they are ruthless and only few will survive and emerge victorious.”

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