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Weekly review of Cryptos and top transactions Dogecoin, Shiba Inu, PEPE, Dogwifhat, and Bonk lost 2% to 8% last week. Solana meme coins On Sunday, Book of Meme, Cat in a Dog World Ponke and Bonk began recovering. Ether became inflationary in Q2 2024: possibly leading to sell-off of the cryptocurrency. Last week saw some improvements for meme currencies. However DOGE/USD (Dogecoin), SHIB/USD (Shiba Inu) and PEPE/USD (Pepe) bounced earlier on Sunday whereas WIF/USD (Dogwifhat) and BONK/USD (Bonk) extended their decline. Meme Currency July 28th USDC Treasury minted 250 million USDC tokens on Solana chain. The altcoin liquidated throughout Q2 2024 as Ethereum turned inflationary with an increase of the Ether supply by more than 120 thousand tokens. There were about almost 900 thousand bitcoins worth $61.37 billion listed on Bitcoin ETFs on U.S markets last week. At a meeting held July 27 in Nashville, U.S presidential candidate Donald Trump promised to hoard Bitcoin so that he owns all of it one hundred percent. Solana is going up now. The token of Ethereum rival could surge up to around thirteen percent therefore reaching March high at $210.18 within its possible range this year. SOL can face opposition at Fair Value Gap ($192.24-$193.69). Currently SOL trades at $185.74. Another daily close below $170(61.8% Fib retracement of the rally from $105 low on 5th March to $210.18 high on 18th March) could negate Solana’s bullish thesis. Support is at $171 on July 26. Dogecoin The current Dogecoin price is $0.1296. Meme coin market capitalization leader might climb 23% to $0.1601, which corresponds to 50 percent Fibonacci retracement level. A daily chart indicates two Fair Value Gaps (FVG) between DOGE/USD (Dogecoin) line ranging from $0.1348-$0.1358 and again between $0.1583-$0.1621. $0.1348 invalidates any upside argument if the daily candlestick closes below it, then DOGE may sweep support around $0.1201 levels July 25 low. #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #DOGE #PEPE $PEPE
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NABOX: Cross-Chain DeFi Wallet with Decentralized Identifier for Web3 Cross-chain Finances NABOX takes decentralised finance (DeFi) and Web 3.0 to the next level by using cross-chain capabilities and decentralized ID (DID) for a seamless, secure, user-focused experience. NABOX is vital since Web 3.0 brings in decentralised networks and individual data ownership. Inter-Chain Function Notably, NABOX has cross-chain abilities. NABOX links Ethereum, Binance Smart Chain, and Polkadot which are individual functioning blockchains. This feature allows users to manage and move assets across different blockchains without many wallets or interfaces. Through supporting multiple chains, it helps streamline asset management for DeFi ecosystem liquidity and accessibility improvements. Did you know? These nouns can do verbs! Its transaction was done through it. Decentralized ID Privacy and security of users are revolutionized by decentralized IDs in NABOX. Using DID technology, individuals can create unique digital identities that can be verified without any central body controlling them. In short words, user data control is being emphasized by web 3.0. By using DID method Nabox enables the engagement of users with a variety of DeFi services and platforms while protecting their privacy as well as security thereby doing away with the risks associated with centralized identity systems. User Experience & Security Security and user experience are important aspects stressed on by NABOX.Towards both Defi newbies plus experts has an accommodating simple UI.Wallet uses strong cryptography to secure transactions as well as data.Outrightly said, its nature of being open source increases transparency plus community driven innovations thereby building confidence towards the end-users. Future Hopes NABOX could become one of leading players in DeFi space including Web 3.0 NABOX’s holistic approach aligns with these changing times when more people use cross-chain solutions together with decentralized identities. #nabox #NULS #Whale.Alert $NULS
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XRP and the latest update on Ripple lawsuit: What to expect this week According to Santiment data, Ripple active addresses have risen in the past couple of days, suggesting a flurry of trading activities. For two weeks, XRP traders have sold their tokens for profit, increasing the selling pressure. Sundays profits were around 2% as psychological support at $0.60 was held by XRP. Fred Rispoli attorney says Ripple supporters hope an SEC verdict may be reached before July ends. Ripple (XRP) increased by around 2% early Sunday morning. It is perhaps excited about Donald Trump’s speech during Bitcoin conference and recent BTC gains that helped XRP stay above $0.60. Update on Ripple lawsuit Judge Analisa Torres decision awaits SEC’s case against Ripple. Gary Gensler would be “let go day one” when Donald Trump becomes president stated at a bitcoin event. Thus it remains unclear whether Trump’s victory in November may affect the ripple litigation or not given that he promised crypto backers a new SEC Chair and an end to Biden-Harris’ anti-crypto stance. In interviews, Brad Garlinghouse who is ripple CEO has consistently criticized regulation by enforcement approach of the SEC and its lack of clarity in crypto regulation. Fred Rispoli, lawyer projects a lawsuit judgment on July 2024. This pro-crypto attorney predicts that there will be judgment for SEC vs. Ripple on July 13, 2021. On-chain stats are mixed Address activity doubled since Friday. Acitve addresses over weekend double those from Friday as seen on Santiment table below showing rising trading activity that indicates importance and demand for XRP. #XRP #Ripple $XRP #Bitcoin_Coneference_2024 The daily chart below shows the XRP/USDT which might lead to liquidity collection within Fair Value Gap (FVG) between $0.5945 – $0.5783 levels where XRP could rebound from $0.5632 when filled. It is the 50% Fibonacci retracement of the downfall from $0.7440 on March 11 to $0.3823 on July 5. XRP could possibly rise by 11% towards 78.6% Fibonacci retracement zone at $0.6666.
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#MarketSentimentToday Trump has dismissed SEC Chair Gensler early in the July 27, 2024 Bitcoin conference This implies that US government will own all BTC making it a digital capital. Following his victory in November, Trump confirmed strategic Bitcoin stockpiling by US government. Apparently due to Trump’s pro-crypto position, Bitcoin reached $69,399 by Saturday morning. Trump’s pro-crypto and pro-Bitcoin pledges at the Nashville conference certainly fueled Saturday’s Bitcoin rise. American presidential contender pledged a strategic Bitcoin stockpiling if elected. Bitcoin is trading above $65k support on Sunday at $67,383 levels. Bitcoin rose after Trump’s speech During Trump’s conversation with audience at bitcoin conference in Nashville Trump revealed that Sec chair would be fired and replaced The United States Government will strategically store Bitcoins Hence, Bitcoins will be wholly owned by Americans His allegiance to crypto will raise the value of bitcoin among other cryptocurrencies. At some point in time Trump told listeners not to trade of Bitcoin as it might overtake Gold regarding market value. Silk Road originator Ross Ulbricht would be released from life jail. USA is going to become the crypto capital! Trump assured Americans that the Kamala-Biden government's anti-crypto attitude and crypto campaign would cease. There was no breakout bout beyond $70K for bitcoin before the correction came into play. Bitcoin keeps rising highs and lows; on Saturday, it got closer to $70K resistance level. Donald Trump’s optimism undoubtedly influenced the growth of Bitcoin up to Binance$69,3990 . #Trump #Bitcoin_Coneference_2024 #BTC $BTC Alternatively, Bitcoin may retest its all-time high of nearly $73k with an almost 10% growth rate The BTC/USDT daily chart shows resistance at the Fair Value Gap (FVG) from $69,582 to $70,117.
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Bitcoin Vital to Dollar Stability: Kennedy Jr. Calls for 4 Million BTC Reserve Many key political players are interested in bitcoin amidst the forthcoming US presidential race. Republican presidential candidate, Robert F. Kennedy Jr., has advised that the country should go ahead and buy a few million bitcoin as strategic reserve asset in order to strengthen her currency. Kennedy Jr. Promises Bitcoin Strategic Reserve Status On July 26, at the Bitcoin 2024 conference, Kennedy Jr. promised that Bitcoin would be designated as a strategic reserve asset for his presidency if he takes office. According to him, this move may improve the United States’ currency by integrating it into its financial system. The Presidential aspirant plans to announce an executive order on behalf of Bitcoin at the conference one within his first day in office. This will see The Department of Justice and US Marshals transfer about 200K BTC held by them to Treasury which will include this as a strategic reserve asset. Also, Kennedy may tell the Treasury Department every day to purchase Bitcoins worth 550 coins until they have acquired a total of four million of them just like America’s holding is nineteen percent of all gold reserves across countries globally. Kennedy believes Bitcoin may be exchanged for real estate and wants an executive order from him on becoming president instructing IRS how to treat it accordingly. The crypto advocate said that joining the Bitcoin community had reminded him of America because of their solidarity with each other. He supports BTC as a strategic reserve assets towards strengthening the dollar while he equally believes that it would make his country become a cyberspace leader ushering in new era of innovation. In addition, he also gave examples where Trump had openly supported BTC recently. He stated that Trump might use his forthcoming address at conference to propose buying one million BTC by USA government as its strategic reserve asset which is beneficial for country itself. #BTC #Bitcoin_Coneference_2024 $BTC
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