The $SUI
price recently reached a new historical high, continuing the rally that started at the beginning of the month from $1.69

The cryptocurrency was able to fight back against #BEARISH📉 expectations by demonstrating resilience. It overcame the previous resistance level, challenging those who hoped for a drop in the price. The bullish momentum of SUI is gaining momentum.

SUI receives support from all sides
The market's attitude towards SUI was mixed. The financing rate shows that many expected the token to decrease. They opened short positions in the hope of profiting from the price drop. However, the recent rally and the updated high indicate that the bulls turned out to be stronger.

The financing rate fluctuates, but remains in a positive zone. This indicates the preservation of investor confidence in the potential of the coin. At the same time, bearish traders do not retreat, continuing to bet against the current price direction.

The Average Directional Index (#ADX ) currently exceeds the threshold of 25.0. This signals a significant strength of the current trend. In the case of SUI, this trend is upward. ADX values above 25.0 increase the likelihood of sustained growth, fueling speculation about further strengthening of the asset.

The uptrend will continue if the currency retains market support. As long as the ADX remains high, the price is likely to maintain positive momentum. Now it is an asset with growth potential, which is supported by both technical indicators and the general mood in the market.

Price forecast: new highs are expected

The token has grown by 9.75% in the last 24 hours, reaching a new historical high of $3.52. Although the increase was small, it is an important step in the ongoing ascent of the altcoin.

Over the past week, SUI has already set its sixth historical high, following the upward trend of bitcoin. It has now formed strong support at $3.20, bolstering investor optimism.

However, if SUI fails to maintain support at $3.20, the price may drop to $2.85. This will undermine the current positive outlook and may lead to a change in investor sentiment.
#NextMarketMoves

In the rapidly evolving world of digital advertising, AdEx (ADX) has emerged as a significant player. AdEx, short for “Advertising Exchange,” is a decentralized platform that aims to revolutionize the digital advertising industry by addressing the critical issues of transparency, inefficiency, and fraud. The platform leverages blockchain technology to create a more trustworthy and efficient advertising ecosystem.
The Problems with Traditional Digital Advertising
Traditional digital advertising is riddled with challenges. Advertisers and publishers often face issues like lack of transparency, where advertisers have little insight into where their ads are being placed or how effectively they are performing. This opacity creates opportunities for ad fraud, where bots generate fake clicks and impressions, costing advertisers billions of dollars annually.
Moreover, the middlemen in the advertising industry, such as ad networks and exchanges, often take substantial fees, reducing the profitability for both advertisers and publishers. These intermediaries also contribute to inefficiencies and delays in payment processing.
How AdEx Solves These Issues
AdEx addresses these problems by utilizing blockchain technology and smart contracts. Here’s how:
1. Transparency and Trust: By leveraging the Ethereum blockchain, AdEx ensures that all transactions are transparent and immutable. Advertisers can see exactly where their ads are being placed, and publishers can verify the traffic and engagement their sites receive. This level of transparency significantly reduces the potential for ad fraud.
2. Decentralization: AdEx operates as a decentralized platform, removing the need for intermediaries. This decentralization not only reduces costs but also speeds up the payment process. Advertisers and publishers can interact directly with each other, fostering a more efficient and trustworthy advertising ecosystem.
3. User Consent and Privacy: AdEx is also committed to respecting user privacy. The platform allows users to give consent for the types of ads they want to see, ensuring a more personalized and less intrusive advertising experience. This approach aligns with the growing demand for privacy-conscious solutions in the digital space.
4. Native ADX Token: The ADX token is the native cryptocurrency of the AdEx platform. It is used as a means of exchange within the network, allowing advertisers to pay for ad campaigns and publishers to receive payments in a seamless, secure manner. The token also plays a role in the platform’s staking mechanism, where users can stake ADX to earn rewards and participate in governance decisions.
The Future of AdEx
AdEx continues to evolve, with ongoing developments aimed at enhancing the platform’s capabilities and user experience. The team behind AdEx is focused on expanding its reach, improving its technology stack, and introducing new features that will further disrupt the digital advertising landscape.
One of the key areas of focus for AdEx is the integration of more advanced data analytics and machine learning tools to help advertisers optimize their campaigns. Additionally, the platform is exploring ways to incorporate more decentralized finance (DeFi) elements, such as yield farming and liquidity pools, to offer users more opportunities to earn from their ADX holdings.
As the digital advertising industry continues to grapple with issues of transparency, efficiency, and privacy, platforms like AdEx are well-positioned to lead the charge toward a more decentralized and fair ecosystem. With its innovative use of blockchain technology and commitment to user-centric solutions, AdEx is not just addressing the current challenges in digital advertising but is also paving the way for its future.
Conclusion
AdEx (ADX) represents a paradigm shift in digital advertising. By leveraging blockchain technology, the platform offers a transparent, efficient, and decentralized alternative to traditional ad networks. As it continues to develop and integrate new features, AdEx has the potential to reshape the digital advertising landscape, offering better outcomes for advertisers, publishers, and users alike.
Whether you’re an advertiser looking for more transparent and efficient ad placement or a publisher seeking fair compensation, AdEx provides a compelling solution that addresses the industry’s most pressing challenges.
#ADX #ADX/USDT #ADXARMY #writetowin #Write&Earn $ADX

#Bitcoin❗ whales have purchased more than $90 billion worth of $BTC
tokens over a six-month period, despite market fluctuations.

This was reported today by CryptoQuant author Axel Adler Jr. The analyst confirmed that #bitcoin☀️ whales, investors who own more than 1,000 #BTC☀ , have significantly increased their holdings since May 2024.

Bitcoin whales have accumulated $90 billion in assets

Over the past six months, they have accumulated about 1.5 million BTC. This amount represents a huge influx of capital into Bitcoin, amounting to about $90 billion based on an average price of $60,000. However, these tokens came from weaker hands that sold at a loss.

These numbers indicate a surge in whale activity, as they initially held just 335,000 BTC in early May. During this period, bitcoin traded between $60,000 and $65,000.

While prices have largely remained within this range, the whales have continued to steadily increase their holdings. Now, six months later, these large holders own approximately 1.9 million BTC, indicating confidence among high net worth investors despite recent fluctuations in bitcoin prices.

Recent data suggests that accumulation is not stopping despite recent price corrections, as indicated by IntoTheBlock's Large Holders Netflow metric. For example, on Friday, BTC fell below $59k for the first time this month, leading to massive liquidations.

However, Large Holders Netflow, which tracks BTC net flows among those holding 0.1% of the circulating supply, shows that even during that drop, large holders had a net positive inflow of 629 BTC yesterday. Two days earlier that figure was higher, with large holders acquiring 2,480 BTC.

Exchange reserve falls despite market indecision

Furthermore, data from CryptoQuant shows that bitcoin's exchange reserve has collapsed from 2.576 million tokens in early October to the current figure of 2.571 million tokens, despite recent growth. This further confirms the hoarding trend.

At the time of publication, bitcoin is currently trading at $61,690, down 1.68% for the week. The Directional Movement Index (DMI) shows that the positive directional indicator (+DI) is at 18.3, while the negative directional indicator (-DI) is slightly higher at 23.3 but moving down.

This indicates that while bearish sentiment remains dominant, selling pressure may be easing. The Average Directional Index (#ADX ), which is at 21.6, is also trending lower, indicating a lack of strong momentum.

In addition, the Williams %R is currently at -40.74. This level indicates that bitcoin is in a neutral position. In other words, the market remains uncertain and bitcoin may remain in the current trading range for some time to come unless there is significant buying or selling pressure.
#MemeCoinTrending