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🪙 Crypto News (July 24, 2024): 1️⃣ Reddit: #Kraken platform users have reported receiving payouts from the defunct cryptocurrency exchange Mt. Gox. Many users expressed their excitement upon receiving their assets. Some mentioned that they increased their deposits by 110 times, while another user noted they plan to use the funds to purchase a house. 🏡 2️⃣ Fortune: Jacob Anderson, an executive at DEBT Box, has reported that his brother and co-founder, Jason Anderson, was kidnapped in Dubai, UAE. Jacob claims that this was orchestrated by the entrepreneur’s business partners, who aimed to seize control of the project. 🚨 3️⃣ Reuters: Italian sports car manufacturer #Ferrari will broaden its cryptocurrency payment options. By the end of July 2024, customers in its European dealership network will be able to purchase vehicles using Bitcoin and other digital assets. 🚗 4️⃣ Hex Trust: Cryptocurrency custodian #HexTrust has announced that it has received in-principle approval for a Major Payment Institution (MPI) license in Singapore. This will enable the company to legally provide crypto asset custody and over-the-counter trading services in the region. 🔐 5️⃣ Proton: Proton, the company behind the ProtonMail, VPN, and cloud services, has unveiled the #Proton Wallet with open-source code. 🛡️ Enjoyed these updates? Hit the like button or follow us for more news! What do you think about these developments? Share your thoughts in the comments below! 💬
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📈 Prediction (TON and LTC): 😀 TON/USDT - The price of #TON has fallen by 3.19% in the last 24 hours, while trading volume has increased by 6% during the same period. Typically, this is considered a bearish signal, indicating increased selling pressure. Forecast: The decline has pushed the TON price below the 20-day exponential moving average, usually signaling a potential bearish trend or short-term weakness. If the downward trend continues, #Toncoin could drop to a monthly low of $6.35. However, a shift in investor sentiment from bearish to bullish could propel the altcoin towards $7.09, negating the negative scenario. 🔀 LTC/USDT - Overall market signals remain mixed and uncertain. One such signal comes from the Average Directional Index (ADX). This technical indicator shows a decrease in momentum, indicating a weakening upward trend. Forecast: Over the past two months, #Litecoin has been moving along a downtrend line, making three unsuccessful attempts to break it. Under the pressure of this downtrend, the altcoin's value has decreased from $90 to $71 at the time of writing. If this downtrend persists and the aforementioned factors continue to negatively impact the price, further decline in #LTC to $69 or lower is likely. The token could potentially reach a low of $61. On the other hand, the asset is still above the 23.6% Fibonacci level. This line, also known as the foundation of the bear market, usually prevents excessive price drops during bearish episodes. This could help LTC reverse the downtrend and head towards the $80 mark, thereby disproving the bearish scenario. 👍 If you found this analysis helpful, please share it with others!
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🪙 Crypto News (July 24, 2024): 1️⃣ Avail: The modular blockchain team #Avail has announced the launch of the Avail AD mainnet along with its native token, AVAIL. 🚀 2️⃣ Gate.io: Cryptocurrency exchange #Gate.io has declared its exit from the Japanese market. The company cited the necessity to comply with regulations and pressure from the financial regulator as reasons for halting its services. 🇯🇵 3️⃣ Bitwise: #Bitwise Asset Management has revealed plans to donate 10% of the profits from its Bitwise Ethereum-ETF (ETHW) to support open-source Ethereum developers. 💡 4️⃣ RBK: On July 23, the Russian State Duma passed a law mandating that miners adhere to anti-money laundering regulations. 🏛️ 5️⃣ Binance: Binance's venture division has invested in Pluto Studio, the publisher of the #Catizen mini-game for Telegram. The investment amount remains undisclosed. 🐱 If you haven't subscribed yet, make sure to do so, or leave a like! What are your thoughts on these updates? Let us know in the comments below! 👇
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📈 Prediction (BTC and NOT): 😍 BTC/USDT - Despite a slight pullback, #BTC is trading above key support levels. This indicates that there is still potential for growth. However, some indicators on the daily chart are giving mixed signals. For example, the Money Flow Index (MFI) is currently at 79.52. An increase in the MFI indicates buying interest, while a decrease indicates increased selling. Values below 20 suggest the asset is oversold, while values above 80 indicate it is overbought. In this case, the MFI shows that #Bitcoin is approaching the overbought area. This may hinder its ability to reach $68,030. However, the Awesome Oscillator (AO) is showing positive values. This signals strengthening bullish momentum. This suggests that Bitcoin could approach or exceed $70,000. If the current situation persists, the coin may surpass $68,030. The next target would be around $71,982. However, Bitcoin also faces downside risks, especially considering that the bankrupt exchange Mt. Gox appears ready to repay its creditors, according to Spot On Chain. Once the payments begin, it may be difficult for BTC's price to rise above $70,000. In this case, the next move might be a decline to $64,928. 🪙 NOT/USDT - The price of #Notcoin is currently consolidating between $0.017 and $0.015, with numerous attempts to break through resistance failing. The altcoin almost fell below the support line of $0.015 but quickly recovered. This was due to the aforementioned support from investors. If this support continues, it will help the altcoin break above the $0.017 resistance. On the other hand, if the breakout fails, it will cancel the bullish scenario. However, positive signals should prevent a break below the $0.015 support level. 📢 Please share this review with others!
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🪙 Crypto News (July 22, 2024): 1️⃣ BRIEF: Renowned businessman Eduard Gurinovich, known for his involvement with CarPrice and "Yamolodets," has officially been recognized as the owner of Hamster Kombat. 🐹 2️⃣ Peter McCormack: The British football club Real Bedford has announced the purchase of 66.9 BTC for $4.5 million. The average price per coin was $67,220. ⚽ 3️⃣ BNB Chain: On July 22, 2024, BNB Chain executed its 28th quarterly coin burn, removing 1,643,698 BNB from circulation, totaling approximately $971 million. 🔥 4️⃣ Trader Loss: A trader who invested $8 million in the meme coin Jeo Boden (BODEN), linked to US President Joe Biden, has lost nearly all of their investment. A user on X highlighted the disastrous trade where the trader lost $7.9 million in mere minutes. 😓 5️⃣ Metaplanet: On July 22, 2024, the Japanese investment firm #Metaplanet announced the purchase of 20.38 BTC for $1.2 million, with an average price of around $62,574 per coin. 💼 If you haven't subscribed yet, now’s the perfect time to do so! Don’t forget to like and leave a comment below. 👇
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