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Cryptocurrencies are usually built using blockchain technology Blockchain describes the way transactions are recorded into blocks & time stamped It's a fairly complex, technical process, but the result is a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with ktocoin.com
#KTO
#ktocoin
#kaitoscan
Cryptocurrencies are usually built using blockchain technology Blockchain describes the way transactions are recorded into blocks & time stamped It's a fairly complex, technical process, but the result is a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with ktocoin.com
#KTO
#ktocoin
#kaitoscan
Cryptocurrencies are usually built using blockchain technology Blockchain describes the way transactions are recorded into blocks & time stamped It's a fairly complex, technical process, but the result is a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with ktocoin.com
#KTO
#ktocoin
#kaitoscan
#KTO
#ktocoin
#kaitoscan
#10kto1M
In 2008, the decentralized blockchain concept took a quantum leap forward, thanks to Satoshi Nakamoto.Nakamoto's innovative approach, incorporating Hashcash-like block timestamping and introducing a difficulty parameter, eliminated the need for a trusted central authority. The result: the birth of Bitcoin in 2009, where KtoCoin's blockchain technology now stands as the bedrock, serving as the public ledger for all network transactions.
#KTO
#ktocoin
#kaitoscan
In 2008, the decentralized blockchain concept took a quantum leap forward, thanks to Satoshi Nakamoto.Nakamoto's innovative approach, incorporating Hashcash-like block timestamping and introducing a difficulty parameter, eliminated the need for a trusted central authority. The result: the birth of Bitcoin in 2009, where KtoCoin's blockchain technology now stands as the bedrock, serving as the public ledger for all network transactions.
#KTO
#ktocoin
#kaitoscan
#10kto1M
KtoCoin challenges the conventional understanding of fungibility in the blockchain landscape. Typically, cryptocurrencies are considered fungible, meaning they can be exchanged one-for-one. For instance, one bitcoin always holds the same value as another bitcoin on a given exchange, akin to how every U.S. dollar bill has an implicit exchange value of $1. This fungibility makes cryptocurrencies a secure means of digital transactions.
#KTO
#ktocoin
#kaitoscan
KtoCoin challenges the conventional understanding of fungibility in the blockchain landscape. Typically, cryptocurrencies are considered fungible, meaning they can be exchanged one-for-one. For instance, one bitcoin always holds the same value as another bitcoin on a given exchange, akin to how every U.S. dollar bill has an implicit exchange value of $1. This fungibility makes cryptocurrencies a secure means of digital transactions.
#KTO
#ktocoin
#kaitoscan
KAITO BLOCKCHAIN
Press ReleaseFOR IMMEDIATE RELEASEIntroducing KAITO Project: Revolutionizing the Crypto Landscape with KTO Coin[City], [Date] – KAITO Project is set to redefine the world of cryptocurrency with its groundbreaking initiatives, featuring the KTO Coin, a revolutionary AI-based crypto project. This endeavor encompasses a range of cutting-edge developments, including the Crypto Exchange KAITO SCAN EXPLORE, KAITO blockchain, Cloud Gamings, 3D games, Metaverse, and KTO NFTs.KAITO SCAN EXPLORE: A Game-Changer in Crypto TradingAt the forefront of the KAITO Project is the Crypto Exchange KAITO SCAN EXPLORE, offering a seamless and secure platform for cryptocurrency trading. With advanced features and an intuitive interface, this exchange aims to provide users with an unparalleled trading experience. Traders can benefit from real-time market insights, enhanced security measures, and a user-friendly environment, making KAITO SCAN EXPLORE a game-changer in the crypto trading landscape.KAITO Blockchain: Pioneering Innovation in DecentralizationThe KAITO blockchain is a cornerstone of the project, embodying the vision of decentralization. Built on cutting-edge technology, this blockchain ensures transparency, security, and efficiency in transactions. By leveraging the power of blockchain, KAITO aims to revolutionize various industries, fostering a new era of trust and decentralized applications.Website: www.Kaitoscan.comCloud Gamings: Transforming Entertainment DynamicsKAITO Project delves into the realm of Cloud Gamings, offering an immersive and accessible gaming experience. Through www.cloudgameweb.com, users can explore a diverse range of cloud-based games, eliminating the need for high-end hardware while providing seamless gameplay. This initiative aims to democratize gaming, making it accessible to a broader audience.3D Games: Unleashing the Power of Virtual RealitiesThe project introduces an array of cutting-edge 3D games, pushing the boundaries of virtual realities. By incorporating state-of-the-art graphics and interactive elements, KAITO Project aims to redefine the gaming experience. These 3D games, accessible through various platforms, promise to immerse users in a world where imagination meets technology.Metaverse: Bridging the Virtual and Real WorldsKAITO Project ventures into the Metaverse, creating a space where the virtual and real worlds seamlessly converge. Through http://metaglobal.cloud, users can explore and engage in a parallel universe, opening up new possibilities for social interactions, commerce, and entertainment. The Metaverse initiative represents a paradigm shift in the way individuals experience and interact with digital spaces.KTO NFTs: Empowering Digital OwnershipKAITO Project introduces KTO NFTs, a pioneering platform for Non-Fungible Tokens. These unique digital assets represent ownership of digital content, including art, music, and virtual goods. Through http://nftworld.cloud, users can participate in the creation, trading, and ownership of NFTs, contributing to the growing decentralized digital economy.KTO Coin Company Website: Central Hub for InformationFor comprehensive details on the KAITO Project and KTO Coin, the company website serves as the central hub. Visit https://ktocoin.com/ to access in-depth information, project updates, and resources related to the revolutionary AI-based crypto project.Join the KAITO Community on TelegramStay connected with the latest updates, announcements, and discussions by joining the KAITO community on Telegram. Visit https://t.me/ktocoin_official to engage with like-minded enthusiasts and stay informed about the exciting developments within the KAITO ecosystem.In ConclusionThe KAITO Project stands at the forefront of innovation, pushing the boundaries of what is possible in the world of cryptocurrency and blockchain technology. With its diverse range of initiatives, including the Crypto Exchange KAITO SCAN EXPLORE, KAITO blockchain, Cloud Gamings, 3D games, Metaverse, and KTO NFTs, KAITO Project is set to reshape the digital landscape, offering users unprecedented opportunities and experiences.For media inquiries, please contact:[Media Contact][Email][Phone]About KAITO ProjectKAITO Project is a visionary endeavor aimed at revolutionizing the cryptocurrency and blockchain landscape. With a focus on innovation, transparency, and decentralization, KAITO Project introduces cutting-edge solutions, including the KTO Coin, Crypto Exchange KAITO SCAN EXPLORE, KAITO blockchain, Cloud Gamings, 3D games, Metaverse, and KTO NFTs. For more information, visit https://ktocoin.com/.#kto#ktocoin#kaitoscan#kaitoblockchain
KAITO SACAN
Introducing KAITO Project: Revolutionizing the Crypto Landscape with KTO Coin
KAITO Project is set to redefine the world of cryptocurrency with its groundbreaking initiatives, featuring the KTO Coin, a revolutionary AI-based crypto project. This endeavor encompasses a range of cutting-edge developments, including the Crypto Exchange KAITO SCAN EXPLORE, KAITO blockchain, Cloud Gamings, 3D games, Metaverse, and KTO NFTs.
KAITO SCAN EXPLORE: A Game-Changer in Crypto Trading
At the forefront of the KAITO Project is the Crypto Exchange KAITO SCAN EXPLORE, offering a seamless and secure platform for cryptocurrency trading. With advanced features and an intuitive interface, this exchange aims to provide users with an unparalleled trading experience. Traders can benefit from real-time market insights, enhanced security measures, and a user-friendly environment, making KAITO SCAN EXPLORE a game-changer in the crypto trading landscape.
KAITO Blockchain: Pioneering Innovation in Decentralization
The KAITO blockchain is a cornerstone of the project, embodying the vision of decentralization. Built on cutting-edge technology, this blockchain ensures transparency, security, and efficiency in transactions. By leveraging the power of blockchain, KAITO aims to revolutionize various industries, fostering a new era of trust and decentralized applications.
Website: www.Kaitoscan.com
Cloud Gamings: Transforming Entertainment Dynamics
KAITO Project delves into the realm of Cloud Gamings, offering an immersive and accessible gaming experience. Through www.cloudgameweb.com, users can explore a diverse range of cloud-based games, eliminating the need for high-end hardware while providing seamless gameplay. This initiative aims to democratize gaming, making it accessible to a broader audience.
Introducing KAITO Project: Revolutionizing the Crypto Landscape with KTO Coin
KAITO Project is set to redefine the world of cryptocurrency with its groundbreaking initiatives, featuring the KTO Coin, a revolutionary AI-based crypto project. This endeavor encompasses a range of cutting-edge developments, including the Crypto Exchange KAITO SCAN EXPLORE, KAITO blockchain, Cloud Gamings, 3D games, Metaverse, and KTO NFTs.
KAITO SCAN EXPLORE: A Game-Changer in Crypto Trading
At the forefront of the KAITO Project is the Crypto Exchange KAITO SCAN EXPLORE, offering a seamless and secure platform for cryptocurrency trading. With advanced features and an intuitive interface, this exchange aims to provide users with an unparalleled trading experience. Traders can benefit from real-time market insights, enhanced security measures, and a user-friendly environment, making KAITO SCAN EXPLORE a game-changer in the crypto trading landscape.
KAITO Blockchain: Pioneering Innovation in Decentralization
The KAITO blockchain is a cornerstone of the project, embodying the vision of decentralization. Built on cutting-edge technology, this blockchain ensures transparency, security, and efficiency in transactions. By leveraging the power of blockchain, KAITO aims to revolutionize various industries, fostering a new era of trust and decentralized applications.
Website: www.Kaitoscan.com
Cloud Gamings: Transforming Entertainment Dynamics
KAITO Project delves into the realm of Cloud Gamings, offering an immersive and accessible gaming experience. Through www.cloudgameweb.com, users can explore a diverse range of cloud-based games, eliminating the need for high-end hardware while providing seamless gameplay. This initiative aims to democratize gaming, making it accessible to a broader audience.
Tether Introduces New Initiative To Promote Stablecoin Adoption
On December 9,USDT provider, announced an initiative it claimed would safeguard the cryptocurrency ecosystem. The latest announcement is a follow-up to an earlier decision by the company to introduce a wallet-freezing policy that would help to combat activities connected with Sanctioned persons on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.
According to Tether, the new policy is part of efforts to foster a secure and reliable environment for users worldwide. By this implementation, Tether would now offer on the secondary market the Sanctions controls it already enforces for wallets on its platform. The company considers the new policy a proactive effort to enable it to work more closely with global regulators.
He believes it would expand their close working relationship with law enforcement agencies and regulators.
Ardonio believes that by executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, Tether will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users.
On December 9,USDT provider, announced an initiative it claimed would safeguard the cryptocurrency ecosystem. The latest announcement is a follow-up to an earlier decision by the company to introduce a wallet-freezing policy that would help to combat activities connected with Sanctioned persons on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List.
According to Tether, the new policy is part of efforts to foster a secure and reliable environment for users worldwide. By this implementation, Tether would now offer on the secondary market the Sanctions controls it already enforces for wallets on its platform. The company considers the new policy a proactive effort to enable it to work more closely with global regulators.
He believes it would expand their close working relationship with law enforcement agencies and regulators.
Ardonio believes that by executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, Tether will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users.
Shiba Inu Weekly Burn Rate Skyrockets 1,517% as Billions of SHIB Burned
The week before saw over half a billion SHIB burned. The increase to about 8.5 billion SHIB implies a 17-fold increase, which was mostly attributed to a big burn by Shiba Inu developers in the week that just concluded. The SHIB team completed the first-ever burn on Shibarium, transferring a record-breaking 8,241,856,589 (8.24 billion) SHIB tokens to dead wallets in one transaction, equivalent to $75,412. The daily SHIB burn rate is also seeing a 543.5% spike, with a total of 148,026,556 SHIB tokens amounting to $1,514 burned in 34 transactions in the last 24 hours. Shiba Inu price action SHIB was down 0.98% in the last 24 hours to $0.0000101 at the time of writing. According to crypto analyst Ali, Shiba Inu has increased by 55% in the last three months while remaining relatively quiet during the recent altcoin season. While there is still room for growth, he stated that SHIB is approaching a key resistance zone, with roughly 90,000 addresses holding over 422 trillion SHIB at $0.000016.
The week before saw over half a billion SHIB burned. The increase to about 8.5 billion SHIB implies a 17-fold increase, which was mostly attributed to a big burn by Shiba Inu developers in the week that just concluded. The SHIB team completed the first-ever burn on Shibarium, transferring a record-breaking 8,241,856,589 (8.24 billion) SHIB tokens to dead wallets in one transaction, equivalent to $75,412. The daily SHIB burn rate is also seeing a 543.5% spike, with a total of 148,026,556 SHIB tokens amounting to $1,514 burned in 34 transactions in the last 24 hours. Shiba Inu price action SHIB was down 0.98% in the last 24 hours to $0.0000101 at the time of writing. According to crypto analyst Ali, Shiba Inu has increased by 55% in the last three months while remaining relatively quiet during the recent altcoin season. While there is still room for growth, he stated that SHIB is approaching a key resistance zone, with roughly 90,000 addresses holding over 422 trillion SHIB at $0.000016.
##LINKWhen Market Trends Favor Chainlink: Predicting Its Next Big Move Towards $18
Chainlink’s (LINK) market position is currently on a knife-edge, with the cryptocurrency striving to maintain a price above $15. Despite recent struggles and an increase in selling pressure, leading to new daily lows, the overall pattern indicates that bullish sentiment is not yet extinguished.
The LINK community, often referred to as ‘Marines,’ has witnessed a remarkable 100% surge in the coin’s value, instilling a sense of hope. However, the declining trade volume could signal potential challenges ahead, possibly impeding the rally’s momentum.
As Chainlink contends with these market dynamics, analysts speculate whether it will sustain its gains or succumb to resistance, possibly aiming for a target of $18. The price movement shows an ascending pattern, suggesting a growing bullish strength.
However, a bearish divergence in the Relative Strength Index (RSI) could lead to a temporary decline, seeking support at lower levels before potentially rebounding. The ultimate test for the Marines lies in their ability to navigate through these turbulent market conditions and maintain LINK’s upward trajectory.
Looking ahead, Chainlink’s position in the crypto industry appears promising. Despite current market fluctuations, its underlying technology and growing adoption suggest a bright future.
Optimistic scenarios paint a picture where LINK not only stabilizes but also secures a significant place in the evolving digital currency landscape.
Chainlink’s (LINK) market position is currently on a knife-edge, with the cryptocurrency striving to maintain a price above $15. Despite recent struggles and an increase in selling pressure, leading to new daily lows, the overall pattern indicates that bullish sentiment is not yet extinguished.
The LINK community, often referred to as ‘Marines,’ has witnessed a remarkable 100% surge in the coin’s value, instilling a sense of hope. However, the declining trade volume could signal potential challenges ahead, possibly impeding the rally’s momentum.
As Chainlink contends with these market dynamics, analysts speculate whether it will sustain its gains or succumb to resistance, possibly aiming for a target of $18. The price movement shows an ascending pattern, suggesting a growing bullish strength.
However, a bearish divergence in the Relative Strength Index (RSI) could lead to a temporary decline, seeking support at lower levels before potentially rebounding. The ultimate test for the Marines lies in their ability to navigate through these turbulent market conditions and maintain LINK’s upward trajectory.
Looking ahead, Chainlink’s position in the crypto industry appears promising. Despite current market fluctuations, its underlying technology and growing adoption suggest a bright future.
Optimistic scenarios paint a picture where LINK not only stabilizes but also secures a significant place in the evolving digital currency landscape.
Helius Labs CEO Asks How XRP and Cardano Are ‘Still Around,’ Community Sets Him Straight
When Mert Muntaz started the conversation, he came off as someone genuinely asking a question seeking to know why XRP and Cardano still remain relevant.
Despite the XRP and Cardano communities often being at loggerheads, some individuals like Mert Muntaz say they are unsure what their current use cases are.
Popular crypto Sleuth, ZachXBT shared a more aggressive stance, saying proponents of the two chains act like a cult in his response to Mert’s post.
Mert went on to state why top chains like Solana (SOL), Ethereum (ETH), Cosmos (ATOM), Avalanche (AVAX), Sui, Aptos (APT), Fantom (FTM) have good ecosystem reputation. He specifically singled out Solana and Ethereum because, according to him, both have real tech and actual startups building on them.
This sentiment likely stems from the consideration that Helius, an “RPC Nodes, APIs, Webhooks, and Developer Tooling” protocol he co-founded, sits on the Solana protocol.
The claims of no use case saw instant rebuttal from XRP proponents who labeled the payment capabilities of Ripple’s RippleNet which has independence from the XRP Ledger (XRPL).
When Mert Muntaz started the conversation, he came off as someone genuinely asking a question seeking to know why XRP and Cardano still remain relevant.
Despite the XRP and Cardano communities often being at loggerheads, some individuals like Mert Muntaz say they are unsure what their current use cases are.
Popular crypto Sleuth, ZachXBT shared a more aggressive stance, saying proponents of the two chains act like a cult in his response to Mert’s post.
Mert went on to state why top chains like Solana (SOL), Ethereum (ETH), Cosmos (ATOM), Avalanche (AVAX), Sui, Aptos (APT), Fantom (FTM) have good ecosystem reputation. He specifically singled out Solana and Ethereum because, according to him, both have real tech and actual startups building on them.
This sentiment likely stems from the consideration that Helius, an “RPC Nodes, APIs, Webhooks, and Developer Tooling” protocol he co-founded, sits on the Solana protocol.
The claims of no use case saw instant rebuttal from XRP proponents who labeled the payment capabilities of Ripple’s RippleNet which has independence from the XRP Ledger (XRPL).
Cosmos Founder Calls for Chain Split; ATOM Down 3%
Cosmos Hub is an intermediary among all independent blockchains created within the Cosmos network. ATOM powers the Cosmos ecosystem of blockchains programmed to scale and interoperate with each other.ATOM, the native coin of Cosmos Hub, is nursing moderate losses a day after Comos' founder Jae Kwon called community members to split the blockchain into two, with one observer hailing the potential hard fork as a bullish outcome for the investor community.Binance Ends..."Let's coordinate a split," Sunday, following a decision by the community to the Cosmos community to approve a proposal ATOM's inflation to 10% from 14%. Cosmos Hub is an intermediary among all independent blockchains created within the Cosmos network. ATOM powers the Cosmos ecosystem of blockchains programmed to scale and interoperate with each other.The so-called proposal 848, with 41.1% support for the reduction from the participating voting power and 31.9% against it, said that ATOM's double-digit inflation rate represented overpayment by the Hub for security and disincentivized ATOM's use in decentralized finance. The approved change is projected to bring down Atom's annualized staking yield from approximately 19% to about 13.4%. Staking refers to locking coins in a blockchain in return for rewards.Kwon, however, wasn't impressed and called for the hard fork."Despite our voting against the plan… 848 has ended up passing, something that isn't too surprising (though it would be good to know whether the later votes came from newly purchased ATOMs)," Kwon said on X.Kwon referr to the hard fork as AtomOne, which would fork the Cosmos Hub, calling for a final plan whereby the forked chain would support ATOM token along with the native ATOM1."I believe that the final plan should include an integration of $ATOM and $ATMO/$ATOM1 so that instead of mass selling $ATOM and collapsing it all, we allow participation from $ATOM , but what is in the README can be improved#ATOM
Bitcoin Price Faces Rejection and Now At Risk of Downside Extension
Bitcoin price made another attempt to surpass the $37,750 resistance. BTC spiked above the $37,750 and $38,000 resistance levels. However, it failed to stay above the $38,000 level.
A high was formed near $38,432 and the price reacted to the downside. There was a move below the $38,000 and $37,750 levels. A low is formed near $37,151 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the recent decline from the $38,432 swing high to the $37,151 low.
Bitcoin is now trading below $37,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $37,400 level. There is also a connecting bearish trend line forming with resistance near $37,450 on the hourly chart of the BTC/USD pair.
The first major resistance is forming near $37,750. The main resistance is now near the $38,000 level or the 61.8% Fib retracement level of the recent decline from the $38,432 swing high to the $37,151 low. A close above the $38,000 resistance might start a strong increase.
Bitcoin price made another attempt to surpass the $37,750 resistance. BTC spiked above the $37,750 and $38,000 resistance levels. However, it failed to stay above the $38,000 level.
A high was formed near $38,432 and the price reacted to the downside. There was a move below the $38,000 and $37,750 levels. A low is formed near $37,151 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the recent decline from the $38,432 swing high to the $37,151 low.
Bitcoin is now trading below $37,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $37,400 level. There is also a connecting bearish trend line forming with resistance near $37,450 on the hourly chart of the BTC/USD pair.
The first major resistance is forming near $37,750. The main resistance is now near the $38,000 level or the 61.8% Fib retracement level of the recent decline from the $38,432 swing high to the $37,151 low. A close above the $38,000 resistance might start a strong increase.
BTC Could Rally to $48K in December, Says Renowned Analyst
Michael Van de Poppe, a widely-followed analyst, predicted that Bitcoin (BTC) may rise to as high as $48K in the weeks leading up to the first spot Bitcoin exchange-traded fund (ETF) getting approved. Following the approval, the analyst anticipates a strong price correction before a “grind” upwards.
In the video, Van de Poppe shared that he thinks the first spot Bitcoin ETF will receive approval in the next five to six weeks. Furthermore, he predicted that BTC may rally in December as investors try to position themselves to profit from the potential ETF approval.
Following the first Spot Bitcoin ETF getting approved, the analyst believes that the leading cryptocurrency’s price may fall. His downside target for this potential pullback is the 200-week Exponential Moving Average (EMA) line on BTC’s chart, which was situated at around $25.4K. This downtrend may continue after the upcoming halving event, noted Van de Poppe.
He believes that traders will then start accumulating BTC, which will ignite the next bull run. In this bullish scenario, he set his upside target for BTC’s price at between $300K and $400K.
At press time, BTC was changing hands at $37,478.55, according to CoinMarketCap data. This was after the largest cryptocurrency in terms of market cap slipped 0.04% over the past 24 hours. Despite this slight correction, BTC’s price was still up 2.99% in the weekly timeframe.
From a shorter-term technical perspective, two significant bullish technical flags were on the verge of being triggered on BTC’s daily chart. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggested an incoming bullish shift in BTC’s momentum.
The RSI line was closing in on the RSI Simple Moving Average (SMA) line. Traders normally identify this as a sign of growing buyer strength. Furthermore, the MACD line was approaching the MACD Signal line, which may indicate that BTC’s trend will undergo a bullish reversal.
Michael Van de Poppe, a widely-followed analyst, predicted that Bitcoin (BTC) may rise to as high as $48K in the weeks leading up to the first spot Bitcoin exchange-traded fund (ETF) getting approved. Following the approval, the analyst anticipates a strong price correction before a “grind” upwards.
In the video, Van de Poppe shared that he thinks the first spot Bitcoin ETF will receive approval in the next five to six weeks. Furthermore, he predicted that BTC may rally in December as investors try to position themselves to profit from the potential ETF approval.
Following the first Spot Bitcoin ETF getting approved, the analyst believes that the leading cryptocurrency’s price may fall. His downside target for this potential pullback is the 200-week Exponential Moving Average (EMA) line on BTC’s chart, which was situated at around $25.4K. This downtrend may continue after the upcoming halving event, noted Van de Poppe.
He believes that traders will then start accumulating BTC, which will ignite the next bull run. In this bullish scenario, he set his upside target for BTC’s price at between $300K and $400K.
At press time, BTC was changing hands at $37,478.55, according to CoinMarketCap data. This was after the largest cryptocurrency in terms of market cap slipped 0.04% over the past 24 hours. Despite this slight correction, BTC’s price was still up 2.99% in the weekly timeframe.
From a shorter-term technical perspective, two significant bullish technical flags were on the verge of being triggered on BTC’s daily chart. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggested an incoming bullish shift in BTC’s momentum.
The RSI line was closing in on the RSI Simple Moving Average (SMA) line. Traders normally identify this as a sign of growing buyer strength. Furthermore, the MACD line was approaching the MACD Signal line, which may indicate that BTC’s trend will undergo a bullish reversal.
Top 6 Airdrops To Look Forward To In 2024
Taiko
Taiko, a ZK-rollup protocol, is making waves by offering Ethereum-compatible infrastructure without modifying existing dApps. Boasting faster withdrawals and streamlined block validation, Taiko stands as a scalable solution accommodating the growing user base and transactions within the blockchain
ZigZag
ZigZag’s decentralized exchange operating on zkSync positions itself for an airdrop opportunity. Utilizing an order book model distinct from prevalent AMMs, ZigZag’s migration to zkSync 2.0 and confirmed plans for a community-based airdrop through the ZigZag DAO present an enticing prospect for token rewards.
Shardeum
Shardeum stands out as an EVM-based blockchain exploring sharding technology for scalability. The network’s split chains and the capacity to handle up to 2,000 transactions per second fuel expectations. Shardeum’s commitment to allocate 5% of its total token supply to the community for airdrops solidifies its position as a project to watch for potential token rewards.
Manta Network
Manta Network’s ecosystem for zero-knowledge applications remains a sleeper hit. With substantial backing from industry giants like Binance and Polychain, coupled with its relatively nascent mainnet and low user threshold for top percentile placement, the project signifies immense airdrop potential.
LineaBuild
Backed by over $725 million in funding, Linea, a ZK-based Layer-2 solution, is raising expectations for a substantial airdrop. Their ongoing Linea Voyage campaign, emphasizing bridging and onramps, presents a focal point for potential airdrop farming opportunities.
EigenLayer
EigenLayer, functioning as Ethereum middleware, seeks to democratize decentralized trust. While not officially announcing an airdrop, the introduction of an EigenLayer token might incentivize staking, offering additional rewards for participants.
Taiko
Taiko, a ZK-rollup protocol, is making waves by offering Ethereum-compatible infrastructure without modifying existing dApps. Boasting faster withdrawals and streamlined block validation, Taiko stands as a scalable solution accommodating the growing user base and transactions within the blockchain
ZigZag
ZigZag’s decentralized exchange operating on zkSync positions itself for an airdrop opportunity. Utilizing an order book model distinct from prevalent AMMs, ZigZag’s migration to zkSync 2.0 and confirmed plans for a community-based airdrop through the ZigZag DAO present an enticing prospect for token rewards.
Shardeum
Shardeum stands out as an EVM-based blockchain exploring sharding technology for scalability. The network’s split chains and the capacity to handle up to 2,000 transactions per second fuel expectations. Shardeum’s commitment to allocate 5% of its total token supply to the community for airdrops solidifies its position as a project to watch for potential token rewards.
Manta Network
Manta Network’s ecosystem for zero-knowledge applications remains a sleeper hit. With substantial backing from industry giants like Binance and Polychain, coupled with its relatively nascent mainnet and low user threshold for top percentile placement, the project signifies immense airdrop potential.
LineaBuild
Backed by over $725 million in funding, Linea, a ZK-based Layer-2 solution, is raising expectations for a substantial airdrop. Their ongoing Linea Voyage campaign, emphasizing bridging and onramps, presents a focal point for potential airdrop farming opportunities.
EigenLayer
EigenLayer, functioning as Ethereum middleware, seeks to democratize decentralized trust. While not officially announcing an airdrop, the introduction of an EigenLayer token might incentivize staking, offering additional rewards for participants.
Ethereum Spot ETF Applications Are Coming One After Another: What Are the Dates to Watch? Here is the Schedule
Crypto NewsEthereumEthereum Spot ETF Applications Are Coming One After Another: What Are the...
EthereumNews
Ethereum Spot ETF Applications Are Coming One After Another: What Are the Dates to Watch? Here is the Schedule
Wall Street's investment giants suddenly started filing applications for an Ethereum Spot ETF. So what are the dates to follow?
While the cryptocurrency world is waiting for Bitcoin Spot ETF applications to be approved by the SEC, Wall Street companies continue to make Ethereum Spot ETF applications one after another.
In the development that took place late at night today, we, as Bitcoinsistemi.com, reported that Fidelity, which manages 4.5 trillion dollars of assets, applied for ETH Spot ETF.
With Fidelity's application, the number of ETH Spot ETFs awaiting review by the SEC has increased to seven. Bloomberg analysts think that if Bitcoin Spot ETFs are approved by the SEC, the likelihood of ETH Spot ETF approvals will also become quite strong.
Bloomberg cryptocurrency expert James Seyffart said in his statement that there is a 90% chance of Bitcoin Spot ETFs being approved by the SEC by January 10, 2024. In Ethereum, the deadlines for approval of ETH Spot ETFs, if realized, appear to be towards mid-2024.
In his last post, James Seyffart shared the next decision dates and final decision dates of the existing ETH Spot ETFs by the SEC. The SEC may decide to accept, reject or postpone on dates other than the final date. Here is the calendar shared by the analyst.
(ETF Name – Next Decision Date – Final Decision Date)
VanEck Ethereum ETF 25/12/23 23/5/24
ARK 21Shares Ethereum ETF 26/12/23 24/5/24
Hashdex Nasdaq Ethereum ETF 17/1/23 30/5/24
Grayscale Ethereum Trust 6/12/23 18/6/24
Invesco Galaxy Ethereum ETF 24/12/23 6/7/24
iShares Ethereum Trust 13/1/24 26/7/24
*This is not investment advice.
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Ethereum Spot ETF Applications Are Coming One After Another: What Are the Dates to Watch? Here is the Schedule
Wall Street's investment giants suddenly started filing applications for an Ethereum Spot ETF. So what are the dates to follow?
While the cryptocurrency world is waiting for Bitcoin Spot ETF applications to be approved by the SEC, Wall Street companies continue to make Ethereum Spot ETF applications one after another.
In the development that took place late at night today, we, as Bitcoinsistemi.com, reported that Fidelity, which manages 4.5 trillion dollars of assets, applied for ETH Spot ETF.
With Fidelity's application, the number of ETH Spot ETFs awaiting review by the SEC has increased to seven. Bloomberg analysts think that if Bitcoin Spot ETFs are approved by the SEC, the likelihood of ETH Spot ETF approvals will also become quite strong.
Bloomberg cryptocurrency expert James Seyffart said in his statement that there is a 90% chance of Bitcoin Spot ETFs being approved by the SEC by January 10, 2024. In Ethereum, the deadlines for approval of ETH Spot ETFs, if realized, appear to be towards mid-2024.
In his last post, James Seyffart shared the next decision dates and final decision dates of the existing ETH Spot ETFs by the SEC. The SEC may decide to accept, reject or postpone on dates other than the final date. Here is the calendar shared by the analyst.
(ETF Name – Next Decision Date – Final Decision Date)
VanEck Ethereum ETF 25/12/23 23/5/24
ARK 21Shares Ethereum ETF 26/12/23 24/5/24
Hashdex Nasdaq Ethereum ETF 17/1/23 30/5/24
Grayscale Ethereum Trust 6/12/23 18/6/24
Invesco Galaxy Ethereum ETF 24/12/23 6/7/24
iShares Ethereum Trust 13/1/24 26/7/24
*This is not investment advice.
Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin
A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that’s currently under the radar.
The trader pseudonymously known as Bluntz tells his 228,900 followers on the X social media platform that the native asset of the liquid staking solution Lido DAO (LDO) is “going to turbo send” and revisit the record high of $7.30 – an increase of approximately 230% from the current level.
According to Bluntz, LDO has managed to flip multiple resistance levels to support zones, an indication of bullish momentum.
“There’s only so many support-resistance flips we can do before it just marks up and leaves those prior highs in the dust.”
At time of writing, LDO is trading at $2.16.
Turning to the smart contract protocol Solana (SOL), Bluntz says that the altcoin may be gearing up to print a new 2023 high after witnessing a deep corrective move yesterday.
“Liquidations in [the last] 48 hrs have been larger than any of the dips [during] the entire run-up.
Allocated into to spot just in case, no leverage for now.”
Looking at the trader’s chart, he seems to predict that Solana may rally all the way up to about $76. At time of writing, SOL is worth $57.33.
On the largest memecoin by market cap, the pseudonymous analyst says that Dogecoin (DOGE) has broken out of a multi-week consolidation range and looks poised for a big run-up.
“I have seen these range breaks lead to big moves on all sorts of coins all week.”
A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that’s currently under the radar.
The trader pseudonymously known as Bluntz tells his 228,900 followers on the X social media platform that the native asset of the liquid staking solution Lido DAO (LDO) is “going to turbo send” and revisit the record high of $7.30 – an increase of approximately 230% from the current level.
According to Bluntz, LDO has managed to flip multiple resistance levels to support zones, an indication of bullish momentum.
“There’s only so many support-resistance flips we can do before it just marks up and leaves those prior highs in the dust.”
At time of writing, LDO is trading at $2.16.
Turning to the smart contract protocol Solana (SOL), Bluntz says that the altcoin may be gearing up to print a new 2023 high after witnessing a deep corrective move yesterday.
“Liquidations in [the last] 48 hrs have been larger than any of the dips [during] the entire run-up.
Allocated into to spot just in case, no leverage for now.”
Looking at the trader’s chart, he seems to predict that Solana may rally all the way up to about $76. At time of writing, SOL is worth $57.33.
On the largest memecoin by market cap, the pseudonymous analyst says that Dogecoin (DOGE) has broken out of a multi-week consolidation range and looks poised for a big run-up.
“I have seen these range breaks lead to big moves on all sorts of coins all week.”
This move could trigger XRP’s aggressive rally past $1
XRP is grappling with bearish sentiments as the cryptocurrency struggles to sustain a potential upswing towards the $1 mark. This correction has occurred even as Ripple secured multiple victories in its legal battles with the US Securities and Exchange Commission (SEC).
Despite prevailing market conditions, some analysts assert that XRP is poised for a rebound, aiming to reach the $1 mark. Notably, in a post dated November 17 on X (formerly Twitter), crypto analyst Cryptoinsightuk highlighted XRP’s potential for an aggressive price trajectory, citing chart movements and setting the next target between $0.89 and $1.35.
The analysis highlighted a noteworthy development in the XRP market, with more than $100 million in open interest (OI) added during a marked spike. Notably, the surge in open interest coincided with reports surrounding a fake BlackRock (NYSE: BLK) XRP Exchange-Traded Fund (ETF) filing, sparking a swift price spike that corrected later.
emphasized the importance of breaking above the descending trendline, indicating that such a move could trigger an aggressive upward momentum for XRP. According to the analyst, this would prompt those with short positions to cover or close them, forcing them to buy XRP and potentially triggering a cascade of stop-loss orders, further propelling the digital asset’s value.
XRP is grappling with bearish sentiments as the cryptocurrency struggles to sustain a potential upswing towards the $1 mark. This correction has occurred even as Ripple secured multiple victories in its legal battles with the US Securities and Exchange Commission (SEC).
Despite prevailing market conditions, some analysts assert that XRP is poised for a rebound, aiming to reach the $1 mark. Notably, in a post dated November 17 on X (formerly Twitter), crypto analyst Cryptoinsightuk highlighted XRP’s potential for an aggressive price trajectory, citing chart movements and setting the next target between $0.89 and $1.35.
The analysis highlighted a noteworthy development in the XRP market, with more than $100 million in open interest (OI) added during a marked spike. Notably, the surge in open interest coincided with reports surrounding a fake BlackRock (NYSE: BLK) XRP Exchange-Traded Fund (ETF) filing, sparking a swift price spike that corrected later.
emphasized the importance of breaking above the descending trendline, indicating that such a move could trigger an aggressive upward momentum for XRP. According to the analyst, this would prompt those with short positions to cover or close them, forcing them to buy XRP and potentially triggering a cascade of stop-loss orders, further propelling the digital asset’s value.
Dogecoin (DOGE) clears year-old resistance, signaling bullish comeback
DOGE price suggests bulls comeback following a remarkable upswing.
The meme token breached a downward trend line, suggesting a bullish resurgence.
Closing above $0.0814 might trigger a potential 100% surge for Dogecoin.
Dogecoin (DOGE) price joined the recent broad-based rallies in the cryptocurrency market. The leading meme token displayed stable bullishness. Further, the upsides saw it overcoming a plummeting weekly trend line.
The boundary has restricted its gains over the past twelve months. Thus, DOGE’s latest price actions paint a bullish picture for holders.
DOGE preparing to skyrocket
Dogecoin bulls seem exhausted after the alt overcame a multi-month hurdle. The resistance connects swing peaks printed since October 2022. DOGE breached this resistance following last week’s 10% uptick. It gained more than 40% over the past 30 days.
DOGE price suggests bulls comeback following a remarkable upswing.
The meme token breached a downward trend line, suggesting a bullish resurgence.
Closing above $0.0814 might trigger a potential 100% surge for Dogecoin.
Dogecoin (DOGE) price joined the recent broad-based rallies in the cryptocurrency market. The leading meme token displayed stable bullishness. Further, the upsides saw it overcoming a plummeting weekly trend line.
The boundary has restricted its gains over the past twelve months. Thus, DOGE’s latest price actions paint a bullish picture for holders.
DOGE preparing to skyrocket
Dogecoin bulls seem exhausted after the alt overcame a multi-month hurdle. The resistance connects swing peaks printed since October 2022. DOGE breached this resistance following last week’s 10% uptick. It gained more than 40% over the past 30 days.
Top 5 Crypto Under $0.50 to Watch Ahead of Bull Run
The recent correction recorded in the crypto market has presented yet another opportunity for investors to purchase various crypto assets at discounted prices. At the time of writing, the valuation of the global crypto market was down 3.1% over the past day to $1.44 trillion.
Cardano (ADA)
ADA is one of the most undervalued coins in the market. The coin is currently changing hands below $0.5 and is ranked among the top 10 largest crypto assets, with a market cap of $12.96 billion.
Shiba Inu (SHIB)
Any crypto trader who joined the space in 2020 must have heard about the success story of Shiba Inu, especially how it turned average income earners into overnight millionaires.
SHIB is one of the popular tokens trading below $0.50.
Dogecoin (DOGE)
DOGE could become one of the top-performing assets in the upcoming bull run. Notably, the canine-themed token has been a major participant in previous bull runs.
Dogecoin has received major support from prominent American businessmen, including Elon Musk and Mark Cuban. Their endorsements of DOGE helped the coin spike to an all-time high of $0.73 in May 2021.
VeChain (VET)
VET is among the top coins with enormous utility. Despite having massive utility, VET is currently trading at a discounted price of $0.021. This represents a 92.52% decline from its ATH of $0.28. The team behind the project has been working round the clock to position VET perfectly ahead of the bull run.
Stellar (XLM)
XLM is currently trading below the $0.5 price level despite the coin’s prowess in global payments. The team behind XLM is considered a major rival to Ripple. Both companies aim to revolutionize the payments industry using blockchain tech.
Since its launch in 2014, the Stellar team has collaborated with top fintech companies, including Mastercard. With Stellar blockchain, users can send funds across borders faster and cheaper than traditional financial institutions.
The recent correction recorded in the crypto market has presented yet another opportunity for investors to purchase various crypto assets at discounted prices. At the time of writing, the valuation of the global crypto market was down 3.1% over the past day to $1.44 trillion.
Cardano (ADA)
ADA is one of the most undervalued coins in the market. The coin is currently changing hands below $0.5 and is ranked among the top 10 largest crypto assets, with a market cap of $12.96 billion.
Shiba Inu (SHIB)
Any crypto trader who joined the space in 2020 must have heard about the success story of Shiba Inu, especially how it turned average income earners into overnight millionaires.
SHIB is one of the popular tokens trading below $0.50.
Dogecoin (DOGE)
DOGE could become one of the top-performing assets in the upcoming bull run. Notably, the canine-themed token has been a major participant in previous bull runs.
Dogecoin has received major support from prominent American businessmen, including Elon Musk and Mark Cuban. Their endorsements of DOGE helped the coin spike to an all-time high of $0.73 in May 2021.
VeChain (VET)
VET is among the top coins with enormous utility. Despite having massive utility, VET is currently trading at a discounted price of $0.021. This represents a 92.52% decline from its ATH of $0.28. The team behind the project has been working round the clock to position VET perfectly ahead of the bull run.
Stellar (XLM)
XLM is currently trading below the $0.5 price level despite the coin’s prowess in global payments. The team behind XLM is considered a major rival to Ripple. Both companies aim to revolutionize the payments industry using blockchain tech.
Since its launch in 2014, the Stellar team has collaborated with top fintech companies, including Mastercard. With Stellar blockchain, users can send funds across borders faster and cheaper than traditional financial institutions.
ChatGPT Forecasts Shiba Inu Minimum and Maximum Price Targets For Early 2024
According to ChatGPT’s latest prediction, the price of Shiba Inu could spike to a minimum of $0.00001357 by early 2024. Consequently, this prediction suggests that the price of Shiba Inu could surge by 52.98% from its current level of $0.00000887.
In addition, the chatbot also speculated that Shiba Inu could rally to $0.00001619 by the beginning of 2024, marking an 82.52% increase from its current price.
It bears mentioning that ChatGPT’s latest prediction is nothing compared to SHIB’s previous all-time high of $0.00008616. However, the forecast suggests that Shiba Inu could have gained momentum ahead of the upcoming bull market.
Notably, analysts predict the bull market will peak after the next Bitcoin halving, which is expected by April 2024. Historically, the price of Bitcoin usually spikes tremendously after halving, with the asset hitting a new high.
As observed in previous halving events, Bitcoin’s tremendous rally is felt by other tokens, including Shiba Inu, as they also reach new all-time highs.
For context, Shiba Inu’s ATH of $0.00008616 was recorded on October 28, 2021, several months after the last Bitcoin halving. It remains to be seen whether Shiba Inu will replicate a similar feat in the upcoming halving event.
As reported earlier, Shiba Inu lead developer Shytoshi Kusama asserted that the cryptocurrency would take advantage of the upcoming bull run. He stated that the team is working round the clock to complete the necessary work to ensure Shiba Inu participates in the next bull market.
According to ChatGPT’s latest prediction, the price of Shiba Inu could spike to a minimum of $0.00001357 by early 2024. Consequently, this prediction suggests that the price of Shiba Inu could surge by 52.98% from its current level of $0.00000887.
In addition, the chatbot also speculated that Shiba Inu could rally to $0.00001619 by the beginning of 2024, marking an 82.52% increase from its current price.
It bears mentioning that ChatGPT’s latest prediction is nothing compared to SHIB’s previous all-time high of $0.00008616. However, the forecast suggests that Shiba Inu could have gained momentum ahead of the upcoming bull market.
Notably, analysts predict the bull market will peak after the next Bitcoin halving, which is expected by April 2024. Historically, the price of Bitcoin usually spikes tremendously after halving, with the asset hitting a new high.
As observed in previous halving events, Bitcoin’s tremendous rally is felt by other tokens, including Shiba Inu, as they also reach new all-time highs.
For context, Shiba Inu’s ATH of $0.00008616 was recorded on October 28, 2021, several months after the last Bitcoin halving. It remains to be seen whether Shiba Inu will replicate a similar feat in the upcoming halving event.
As reported earlier, Shiba Inu lead developer Shytoshi Kusama asserted that the cryptocurrency would take advantage of the upcoming bull run. He stated that the team is working round the clock to complete the necessary work to ensure Shiba Inu participates in the next bull market.
