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The Monetary Authority of Singapore (MAS) has clarified that no cryptocurrency payment providers have qualified to participate in its fintech Regulatory Sandbox, which aims to support a broad range of fintech experimentation. Responding to a letter in the Financial Times criticizing the Singaporean government's lack of public consultation and oversight on crypto adoption, the MAS noted that the country does not have a "crypto sandbox." To qualify for operational licenses, cryptocurrency businesses must demonstrate robust anti-money laundering controls, per Singapore's efforts to combat money laundering.
The regulatory authority also clarified that all businesses in Singapore with a valid bank account can access the FAST interbank payment system, including cryptocurrency businesses. Payments through FAST, however, are in fiat currencies, not cryptocurrencies. The MAS suggested that rising malware scam cases in Singapore had nothing to do with cryptocurrencies, a method of fraud that they claim is more prevalent in the fiat economy.
Singapore is taking active measures to combat money laundering, including the provision of operational licenses to qualified cryptocurrency businesses with strong anti-money laundering controls. The MAS is set to implement progressive regulatory measures this year to govern retail access to cryptocurrencies, creating one of the strictest regulatory regimes in the world. Tharman Shanmugaratnam, the recently elected president of Singapore who has warned of the risks of cryptocurrencies, once famously deemed crypto assets "highly volatile" and "highly risky as investment products."
#CRYPTOPM
The regulatory authority also clarified that all businesses in Singapore with a valid bank account can access the FAST interbank payment system, including cryptocurrency businesses. Payments through FAST, however, are in fiat currencies, not cryptocurrencies. The MAS suggested that rising malware scam cases in Singapore had nothing to do with cryptocurrencies, a method of fraud that they claim is more prevalent in the fiat economy.
Singapore is taking active measures to combat money laundering, including the provision of operational licenses to qualified cryptocurrency businesses with strong anti-money laundering controls. The MAS is set to implement progressive regulatory measures this year to govern retail access to cryptocurrencies, creating one of the strictest regulatory regimes in the world. Tharman Shanmugaratnam, the recently elected president of Singapore who has warned of the risks of cryptocurrencies, once famously deemed crypto assets "highly volatile" and "highly risky as investment products."
#CRYPTOPM
Verge (XVG) Price Prediction 2023, 2024, 2025, 2030 | Is XVG a Good Investment?
Cryptocurrencies have garnered global attention and Verge (XVG) is among the notable digital assets in this rapidly growing market. Launched in 2014 as DogeCoinDark and later rebranded as Verge, this privacy-focused cryptocurrency aims to provide a fast, efficient, and secure payment network while addressing privacy concerns. Verge leverages the Tor anonymity network to enhance transaction privacy and offers optional stealth addresses. It operates as an open-source and community-driven project, gaining popularity among users seeking secure and private online transactions.
Verge (XVG) Price Prediction 2023, 2024, 2025, 2030 | Is XVG a Good Investment?
Understanding Verge (XVG)
Verge (XVG) is a privacy-focused cryptocurrency and blockchain based on Bitcoin's source code. It was created to offer a decentralized and private payment network while building upon Bitcoin's strengths. Verge has integrated the Tor network into its wallet, vergePay, ensuring that all transactions are routed through Tor, making it challenging to trace transactions and user IP addresses. Additionally, Verge offers the option of sending transactions to stealth addresses, enhancing user privacy. These features, combined with atomic swaps, make Verge a secure and privacy-driven cryptocurrency.
Verge (XVG) Price Predictions
Verge (XVG) Price Predictions:
2023:
Maximum Price: $0.00517
Average Price: $0.00456
Minimum Price: $0.00395
In 2023, Verge is expected to reach a maximum price of $0.00517, with an average price of $0.00456. However, if the crypto market experiences a major bearish trend, the minimum price could dip to $0.00395.
2024:
Maximum Price: $0.00806
Average Price: $0.00730
Minimum Price: $0.00684
Verge's strong fundamentals and community support could drive its maximum price to $0.00806 in 2024. The average price is anticipated to be around $0.00730, but in a bearish market, it might drop to a minimum of $0.00684.
2025:
Maximum Price: $0.01111
Average Price: $0.01044
Minimum Price: $0.00974
With positive market sentiment, Verge could see its maximum price rise to $0.01111 in 2025, maintaining an average price of $0.01044. A bearish trend might push the minimum price down to $0.00974.
2026:
Maximum Price: $0.01400
Average Price: $0.01345
Minimum Price: $0.01263
In 2026, Verge may experience significant growth, reaching a maximum price of $0.01400. The average price is expected to be around $0.01345, but a bear market could lead to a minimum of $0.01263.
2027:
Maximum Price: $0.01689
Average Price: $0.01628
Minimum Price: $0.01552
By 2027, Verge could achieve a new all-time high, with a maximum price of $0.01689. The average price may settle at $0.01628, while the minimum price could be $0.01552 in case of a bearish market.
2028:
Maximum Price: $0.01993
Average Price: $0.01917
Minimum Price: $0.01841
2028 could be a crucial year for Verge, with a maximum price of $0.01993. The average price is estimated at $0.01917, and the minimum price might be $0.01841 if the market turns bearish.
2029:
Maximum Price: $0.02283
Average Price: $0.02222
Minimum Price: $0.02130
In 2029, Verge may continue its bullish run, reaching a maximum price of $0.02283. The average price could be around $0.02222, but a bearish scenario might lower it to a minimum of $0.02130.
2030:
Maximum Price: $0.02572
Average Price: $0.02496
Minimum Price: $0.02419
Verge's price prediction for 2030 suggests a maximum price of $0.02572. The average price might settle at $0.02496, while the minimum price could be $0.02419 during a bearish phase.
Long-term Projections (2035, 2040, 2050):
2035: Maximum - $0.03789, Average - $0.03728, Minimum - $0.03622
2040: Maximum - $0.07613, Average - $0.07457, Minimum - $0.07259
2050: Maximum - $0.15981, Average - $0.15524, Minimum - $0.14854
In the long term, Verge's price could experience significant growth, potentially reaching a maximum of $0.15981 by 2050, assuming a bullish market trend.
Conclusion
Verge (XVG) is a privacy-focused cryptocurrency with a dedicated community and strong privacy features. While cryptocurrency price predictions are speculative, Verge's focus on privacy and security could lead to substantial price increases over the next 10 to 15 years. However, market conditions, adoption, and competition will also play crucial roles in determining its future value. Investors should conduct thorough research and consider potential risks before making investment decisions.
Frequently Asked Questions
Is Verge (XVG) a good investment?
The answer to this question depends on the investment goals of an individual investor. Verge (XVG) has proven to be a highly volatile asset and its short-term price movements can be difficult to predict. However, many crypto experts and analysts believe that Verge is a good investment option for the long term. Still, investors need to do their research before investing in any digital assets, including Verge (XVG).
Does Verge have a future?
Verge (XVG) has gained huge attention in the crypto industry due to its strong fundamentals and a lot of people invested in this coin, so we can say that Verge has a bright future ahead. Verge Coin also backs off a dedicated active crypto community and has real use cases, we predict that the future for XVG Coin looks promising.
What is the highest Verge (XVG) can reach in 2023?
Many crypto experts think that the prices of the XVG Coin will see a bullish environment in 2023. The maximum price of Verge (XVG) can reach up to $0.00517 by the end of 2023 as per our current market trend analysis. However, the actual value may vary depending on the volatility of the crypto market in 2023.
Will Verge (XVG) reach $0.1?
Many crypto analysts and investors are predicting that Verge (XVG) will reach the $0.1 mark in the future, although it is a difficult task to predict the exact price target. The current market trends suggest that it could take several years for the XVG Coin to reach $0.1. Still, if the crypto market continues to remain bullish in the future, we may see Verge (XVG) reaching $0.1 in 2040 as per our XVG Coin price prediction.
How much will Verge be worth in 2025?
As per our Verge price prediction, the XVG Coin prices will stay around $0.01111 by 2025 if the crypto market continues a bullish rally as per our current prediction. The actual value of Verge (XVG) in 2025 depends on the current market trend and sentiment.
Where will be Verge in the next 10 years?
The future of Verge (XVG) in the next 10 years is difficult to predict as the crypto market is still one a nascent stage and can experience significant volatility. However, as per our Verge price prediction, the XVG Coin could reach a maximum value of $0.02572 within the next 10 years if the crypto market remains bullish. Therefore, investors need to stay updated about market trends in order to make the right investment decision.
Conclusion
Overall, Verge (XVG) is expected to continue its growth in the next 5 to 10 years if the current bullish trend continues. The Verge Coin is a great digital asset to invest in for the long term and has the potential to reach great heights in the future. However, there are various factors that could influence the price of Verge (XVG), such as market sentiment, political and economic events, technological advances, public acceptance, and overall global trends.
We hope that you have found this article helpful and it has provided you with valuable insights into the future price of Verge (XVG). However, it is important to remember that cryptocurrency markets are highly volatile and unpredictable so we highly recommend all investors and traders carefully analyze the current market trend and thoroughly research before making any investment decision.
$XVG
#XVG #VERGE #CRYPTOPM #Binance
Verge (XVG) Price Prediction 2023, 2024, 2025, 2030 | Is XVG a Good Investment?
Understanding Verge (XVG)
Verge (XVG) is a privacy-focused cryptocurrency and blockchain based on Bitcoin's source code. It was created to offer a decentralized and private payment network while building upon Bitcoin's strengths. Verge has integrated the Tor network into its wallet, vergePay, ensuring that all transactions are routed through Tor, making it challenging to trace transactions and user IP addresses. Additionally, Verge offers the option of sending transactions to stealth addresses, enhancing user privacy. These features, combined with atomic swaps, make Verge a secure and privacy-driven cryptocurrency.
Verge (XVG) Price Predictions
Verge (XVG) Price Predictions:
2023:
Maximum Price: $0.00517
Average Price: $0.00456
Minimum Price: $0.00395
In 2023, Verge is expected to reach a maximum price of $0.00517, with an average price of $0.00456. However, if the crypto market experiences a major bearish trend, the minimum price could dip to $0.00395.
2024:
Maximum Price: $0.00806
Average Price: $0.00730
Minimum Price: $0.00684
Verge's strong fundamentals and community support could drive its maximum price to $0.00806 in 2024. The average price is anticipated to be around $0.00730, but in a bearish market, it might drop to a minimum of $0.00684.
2025:
Maximum Price: $0.01111
Average Price: $0.01044
Minimum Price: $0.00974
With positive market sentiment, Verge could see its maximum price rise to $0.01111 in 2025, maintaining an average price of $0.01044. A bearish trend might push the minimum price down to $0.00974.
2026:
Maximum Price: $0.01400
Average Price: $0.01345
Minimum Price: $0.01263
In 2026, Verge may experience significant growth, reaching a maximum price of $0.01400. The average price is expected to be around $0.01345, but a bear market could lead to a minimum of $0.01263.
2027:
Maximum Price: $0.01689
Average Price: $0.01628
Minimum Price: $0.01552
By 2027, Verge could achieve a new all-time high, with a maximum price of $0.01689. The average price may settle at $0.01628, while the minimum price could be $0.01552 in case of a bearish market.
2028:
Maximum Price: $0.01993
Average Price: $0.01917
Minimum Price: $0.01841
2028 could be a crucial year for Verge, with a maximum price of $0.01993. The average price is estimated at $0.01917, and the minimum price might be $0.01841 if the market turns bearish.
2029:
Maximum Price: $0.02283
Average Price: $0.02222
Minimum Price: $0.02130
In 2029, Verge may continue its bullish run, reaching a maximum price of $0.02283. The average price could be around $0.02222, but a bearish scenario might lower it to a minimum of $0.02130.
2030:
Maximum Price: $0.02572
Average Price: $0.02496
Minimum Price: $0.02419
Verge's price prediction for 2030 suggests a maximum price of $0.02572. The average price might settle at $0.02496, while the minimum price could be $0.02419 during a bearish phase.
Long-term Projections (2035, 2040, 2050):
2035: Maximum - $0.03789, Average - $0.03728, Minimum - $0.03622
2040: Maximum - $0.07613, Average - $0.07457, Minimum - $0.07259
2050: Maximum - $0.15981, Average - $0.15524, Minimum - $0.14854
In the long term, Verge's price could experience significant growth, potentially reaching a maximum of $0.15981 by 2050, assuming a bullish market trend.
Conclusion
Verge (XVG) is a privacy-focused cryptocurrency with a dedicated community and strong privacy features. While cryptocurrency price predictions are speculative, Verge's focus on privacy and security could lead to substantial price increases over the next 10 to 15 years. However, market conditions, adoption, and competition will also play crucial roles in determining its future value. Investors should conduct thorough research and consider potential risks before making investment decisions.
Frequently Asked Questions
Is Verge (XVG) a good investment?
The answer to this question depends on the investment goals of an individual investor. Verge (XVG) has proven to be a highly volatile asset and its short-term price movements can be difficult to predict. However, many crypto experts and analysts believe that Verge is a good investment option for the long term. Still, investors need to do their research before investing in any digital assets, including Verge (XVG).
Does Verge have a future?
Verge (XVG) has gained huge attention in the crypto industry due to its strong fundamentals and a lot of people invested in this coin, so we can say that Verge has a bright future ahead. Verge Coin also backs off a dedicated active crypto community and has real use cases, we predict that the future for XVG Coin looks promising.
What is the highest Verge (XVG) can reach in 2023?
Many crypto experts think that the prices of the XVG Coin will see a bullish environment in 2023. The maximum price of Verge (XVG) can reach up to $0.00517 by the end of 2023 as per our current market trend analysis. However, the actual value may vary depending on the volatility of the crypto market in 2023.
Will Verge (XVG) reach $0.1?
Many crypto analysts and investors are predicting that Verge (XVG) will reach the $0.1 mark in the future, although it is a difficult task to predict the exact price target. The current market trends suggest that it could take several years for the XVG Coin to reach $0.1. Still, if the crypto market continues to remain bullish in the future, we may see Verge (XVG) reaching $0.1 in 2040 as per our XVG Coin price prediction.
How much will Verge be worth in 2025?
As per our Verge price prediction, the XVG Coin prices will stay around $0.01111 by 2025 if the crypto market continues a bullish rally as per our current prediction. The actual value of Verge (XVG) in 2025 depends on the current market trend and sentiment.
Where will be Verge in the next 10 years?
The future of Verge (XVG) in the next 10 years is difficult to predict as the crypto market is still one a nascent stage and can experience significant volatility. However, as per our Verge price prediction, the XVG Coin could reach a maximum value of $0.02572 within the next 10 years if the crypto market remains bullish. Therefore, investors need to stay updated about market trends in order to make the right investment decision.
Conclusion
Overall, Verge (XVG) is expected to continue its growth in the next 5 to 10 years if the current bullish trend continues. The Verge Coin is a great digital asset to invest in for the long term and has the potential to reach great heights in the future. However, there are various factors that could influence the price of Verge (XVG), such as market sentiment, political and economic events, technological advances, public acceptance, and overall global trends.
We hope that you have found this article helpful and it has provided you with valuable insights into the future price of Verge (XVG). However, it is important to remember that cryptocurrency markets are highly volatile and unpredictable so we highly recommend all investors and traders carefully analyze the current market trend and thoroughly research before making any investment decision.
$XVG
#XVG #VERGE #CRYPTOPM #Binance
Bitcoin's upward momentum caused a short squeeze, leading to a new September high of over $26,400 before returning to under $26,000 in an overnight spike. Consequently, the BTC market liquidated shorts and longs, with data from Cointelegraph Markets Pro and TradingView showing that shorts liquidations stood at $23.5 million on Sept. 7. Short-term traders' attempts to follow the volatile market up and down caused this loss. As Bitcoin continues to maintain the 200-day exponential moving average of $25,674, the crypto market will see the final correction.
CoinGlass data confirms that September usually results in a 10% drop in Bitcoin's price, with expectations for 2023 in line with this trend. With Bitcoin rallying from its Aug. low of about $25.6K, the token is now retesting September's monthly open, as noted by Daan Crypto Trades. The trader highlighted the importance of Bitcoin reclaiming lost ground from August and bulls prudently maintaining a “green” September.
Accordingly, after reaching an overnight high of over $26,400, Bitcoin's price has reversed direction and is giving back its gains, prompting short and long liquidations alike.
$BTC $BTC $BTC
#CRYPTOPM
CoinGlass data confirms that September usually results in a 10% drop in Bitcoin's price, with expectations for 2023 in line with this trend. With Bitcoin rallying from its Aug. low of about $25.6K, the token is now retesting September's monthly open, as noted by Daan Crypto Trades. The trader highlighted the importance of Bitcoin reclaiming lost ground from August and bulls prudently maintaining a “green” September.
Accordingly, after reaching an overnight high of over $26,400, Bitcoin's price has reversed direction and is giving back its gains, prompting short and long liquidations alike.
$BTC $BTC $BTC
#CRYPTOPM
1. **CryptoUK's Concerns:** British cryptocurrency lobbying group CryptoUK is expressing worries that the UK's Financial Conduct Authority (FCA) might inadvertently drive cryptocurrency companies out of the country due to its planned ban on cryptocurrency incentives. The group is urging the FCA to provide clearer guidance on the upcoming cryptocurrency advertising rules.
2. **Regulatory Framework for Advertising:** The FCA had earlier announced a regulatory framework for cryptocurrency advertising and promotions in June. This framework includes a proposed ban on cryptocurrency incentives like free NFTs and airdrops used as investment incentives. The new regulations are scheduled to come into effect on October 8th.
3. **Clarity on Guidelines:** CryptoUK is specifically requesting the FCA to define terms such as 'qualified crypto assets' and 'financial promotions,' seeking clearer guidelines to avoid ambiguity and unintended consequences that might impact the crypto industry's presence in the UK.
#crypto2023 #cryptocurrency #crypto #cryptonews #CRYPTOPM
2. **Regulatory Framework for Advertising:** The FCA had earlier announced a regulatory framework for cryptocurrency advertising and promotions in June. This framework includes a proposed ban on cryptocurrency incentives like free NFTs and airdrops used as investment incentives. The new regulations are scheduled to come into effect on October 8th.
3. **Clarity on Guidelines:** CryptoUK is specifically requesting the FCA to define terms such as 'qualified crypto assets' and 'financial promotions,' seeking clearer guidelines to avoid ambiguity and unintended consequences that might impact the crypto industry's presence in the UK.
#crypto2023 #cryptocurrency #crypto #cryptonews #CRYPTOPM
🔎 Traditional Finance (TradFi) Highlights:
Ethereum ETF Applications by ARK Invest and 21Shares: ARK Invest and 21Shares have submitted applications for the first-ever Ethereum Exchange-Traded Fund (ETF) in the United States. This ETF is designed to directly invest in Ethereum, the second-largest cryptocurrency, further expanding their portfolio that includes pending Bitcoin and Ethereum futures ETFs, currently awaiting approval from the Securities and Exchange Commission (SEC).
London Stock Exchange Group's Blockchain Initiative: The London Stock Exchange Group is charting a course towards creating an end-to-end digital market ecosystem. Utilizing blockchain technology, this initiative aims to streamline and cost-effectively facilitate capital raising and asset transfers within the financial market.
Partnership Between KEB Hana Bank and BitGo: Major South Korean bank, KEB Hana Bank, has joined forces with cryptocurrency custody firm BitGo to introduce digital asset custody services in South Korea. This strategic partnership will harness BitGo's custody solutions and merge them with Hana Bank's financial acumen and compliance expertise.
Coinbase's Institutional-Focused Crypto Lending Platform: Coinbase, a prominent player in the cryptocurrency arena, is set to launch a crypto lending platform specifically targeting large institutional investors. With a significant backing of $57 million in funding, this platform will provide secured loans to institutional clients, akin to traditional financial prime brokerage services.
DCS Card Centre's Breakthrough on the PlatON Network: DCS Card Centre has marked a milestone by introducing DCS Tokens on the PlatON Network. This pivotal development represents a substantial stride in blockchain-based payment solutions and establishes DCS as the inaugural Singaporean financial institution bridging the realms of Web2 and Web3 ecosystems, aligning with the Monetary Authority of Singapore's introduction of a Single-Currency Stablecoin framework.
#CRYPTOPM
Ethereum ETF Applications by ARK Invest and 21Shares: ARK Invest and 21Shares have submitted applications for the first-ever Ethereum Exchange-Traded Fund (ETF) in the United States. This ETF is designed to directly invest in Ethereum, the second-largest cryptocurrency, further expanding their portfolio that includes pending Bitcoin and Ethereum futures ETFs, currently awaiting approval from the Securities and Exchange Commission (SEC).
London Stock Exchange Group's Blockchain Initiative: The London Stock Exchange Group is charting a course towards creating an end-to-end digital market ecosystem. Utilizing blockchain technology, this initiative aims to streamline and cost-effectively facilitate capital raising and asset transfers within the financial market.
Partnership Between KEB Hana Bank and BitGo: Major South Korean bank, KEB Hana Bank, has joined forces with cryptocurrency custody firm BitGo to introduce digital asset custody services in South Korea. This strategic partnership will harness BitGo's custody solutions and merge them with Hana Bank's financial acumen and compliance expertise.
Coinbase's Institutional-Focused Crypto Lending Platform: Coinbase, a prominent player in the cryptocurrency arena, is set to launch a crypto lending platform specifically targeting large institutional investors. With a significant backing of $57 million in funding, this platform will provide secured loans to institutional clients, akin to traditional financial prime brokerage services.
DCS Card Centre's Breakthrough on the PlatON Network: DCS Card Centre has marked a milestone by introducing DCS Tokens on the PlatON Network. This pivotal development represents a substantial stride in blockchain-based payment solutions and establishes DCS as the inaugural Singaporean financial institution bridging the realms of Web2 and Web3 ecosystems, aligning with the Monetary Authority of Singapore's introduction of a Single-Currency Stablecoin framework.
#CRYPTOPM
TRENDING CRYPTO NEWS 🔥
Venezuelan President Maduro's Push for De-Dollarization:
1. Maduro calls for global de-dollarization at the BRICS summit in Johannesburg.
2. He urges the creation of alternative financial systems using multiple national currencies.
3. Criticizes the U.S. dollar as an economic warfare tool causing sanctions on 30 nations.
4. Around 28% of the global population impacted by these sanctions.
5. Aligns with some BRICS nations' efforts to reduce dollar dependence.
6. Maduro's stance could influence the global financial landscape.
**OpenAI's ChatGPT Enterprise Launch:**
7. OpenAI introduces ChatGPT Enterprise, an enhanced AI chatbot for businesses.
8. Offers unlimited access to GPT-4 with double the performance speed.
9. Processes 32,000 token context windows, enabling handling of longer inputs.
10. Addresses privacy concerns, complies with SOC 2 standard, and responds to high demand from Fortune 500 companies.
Additionally:
- OpenAI plans a self-serve tool for ChatGPT to integrate knowledge into company data.
- Cryptocurrency firms explore AI for tackling climate change, enhancing data privacy, and more.
#CRYPTOPM #NEWS #cryptopm
Venezuelan President Maduro's Push for De-Dollarization:
1. Maduro calls for global de-dollarization at the BRICS summit in Johannesburg.
2. He urges the creation of alternative financial systems using multiple national currencies.
3. Criticizes the U.S. dollar as an economic warfare tool causing sanctions on 30 nations.
4. Around 28% of the global population impacted by these sanctions.
5. Aligns with some BRICS nations' efforts to reduce dollar dependence.
6. Maduro's stance could influence the global financial landscape.
**OpenAI's ChatGPT Enterprise Launch:**
7. OpenAI introduces ChatGPT Enterprise, an enhanced AI chatbot for businesses.
8. Offers unlimited access to GPT-4 with double the performance speed.
9. Processes 32,000 token context windows, enabling handling of longer inputs.
10. Addresses privacy concerns, complies with SOC 2 standard, and responds to high demand from Fortune 500 companies.
Additionally:
- OpenAI plans a self-serve tool for ChatGPT to integrate knowledge into company data.
- Cryptocurrency firms explore AI for tackling climate change, enhancing data privacy, and more.
#CRYPTOPM #NEWS #cryptopm
Artificial intelligence (AI) chatbot ChatGPT has experienced a decline in user traffic worldwide for the third consecutive month in August, as per data from analytics company Similarweb. Desktop and mobile site traffic to OpenAI's chatbot from global visitors decreased by 3.2% to 1.43 billion in August, following a 10% drop in traffic two months prior. The time spent on the site also slightly decreased from 8.7 minutes to 7 minutes in August.
However, visits from United States-based users began to increase in August by 0.4%. Unique visitors to the site, which declined in June and July, rose by 3% in the U.S. and 0.3% worldwide in August. Similarweb senior insights manager David F. Carr, who regularly tracks AI chatbots and authored the report, suggested that the fluctuation in users could be due to students using the program during summer break and now resuming classes.
This theory is supported by the drop in audience for the summer months of ChatGPT users in the 18–24 age range, both in the U.S. and globally. In the U.S., traffic in the 18–24 age bracket dropped 10% in May, 15% in June, and another 4% in July. At its peak in April, 18–24-year-old visitors made up 30% of the total audience share in the United States. A separate survey from May 2023 by Intelligent.com found that 30% of 1,223 undergraduate and graduate students in the U.S. had used ChatGPT for schoolwork during the academic year.
#CRYPTOPM
However, visits from United States-based users began to increase in August by 0.4%. Unique visitors to the site, which declined in June and July, rose by 3% in the U.S. and 0.3% worldwide in August. Similarweb senior insights manager David F. Carr, who regularly tracks AI chatbots and authored the report, suggested that the fluctuation in users could be due to students using the program during summer break and now resuming classes.
This theory is supported by the drop in audience for the summer months of ChatGPT users in the 18–24 age range, both in the U.S. and globally. In the U.S., traffic in the 18–24 age bracket dropped 10% in May, 15% in June, and another 4% in July. At its peak in April, 18–24-year-old visitors made up 30% of the total audience share in the United States. A separate survey from May 2023 by Intelligent.com found that 30% of 1,223 undergraduate and graduate students in the U.S. had used ChatGPT for schoolwork during the academic year.
#CRYPTOPM
This week's analysis of Ethereum, Ripple, Cardano, Shiba Inu, and Tron reveals mixed results for these cryptocurrencies. Ethereum (ETH) experienced a modest loss of 1.7% this week, with the price under the key resistance at $1,660. The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Ripple (XRP) has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. The resistance is at 56 cents, and so far, buyers have not been able to test this level.
Cardano (ADA) is also found in a flat trend above the key support at 25 cents, registering a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times. The price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower.
Shiba Inu (SHIB) continued its downtrend, registering a 5.5% loss this week, making this meme coin the worst performer on the list. The current support is found at $0.0000075, and so far, it held the assault from bears. Nevertheless, sellers could return to take the price lower if the bearish sentiment continues.
Tron (TRX) managed to register an increase of 1.8% this week, making it the outlier in the list. The price action placed TRX in an uptrend since the start of the year, with the price making higher lows and higher highs for months now. Tron has support at $0.077, and if buyers persist, they could take the price back to the key resistance at $0.086.
$ADA $BTC $ETH
#CRYPTOPM
Ripple (XRP) has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. The resistance is at 56 cents, and so far, buyers have not been able to test this level.
Cardano (ADA) is also found in a flat trend above the key support at 25 cents, registering a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times. The price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower.
Shiba Inu (SHIB) continued its downtrend, registering a 5.5% loss this week, making this meme coin the worst performer on the list. The current support is found at $0.0000075, and so far, it held the assault from bears. Nevertheless, sellers could return to take the price lower if the bearish sentiment continues.
Tron (TRX) managed to register an increase of 1.8% this week, making it the outlier in the list. The price action placed TRX in an uptrend since the start of the year, with the price making higher lows and higher highs for months now. Tron has support at $0.077, and if buyers persist, they could take the price back to the key resistance at $0.086.
$ADA $BTC $ETH
#CRYPTOPM
🔥TRENDING CRYPTO NEWS:
- The 2023 INCLUSION·外滩大会 is set to take place from September 7th to 9th at the Shanghai Huangpu Expo Park. The event will cover a wide range of topics, including artificial intelligence and large-scale models, innovative industry practices, cultural features, and data technology. In addition, the conference will serve as an open international exchange and sharing platform, with over 500 influential global technology leaders and experts sharing their insights on cutting-edge technologies such as artificial intelligence, blockchain, privacy computing, and Web3.0. As part of the exploration into the future of data technology, the event will also showcase the latest practices of global Web3.0 companies and the internationalization efforts of Chinese enterprises.
- Token prices for Sui (SUI) and Hedera (HBAR) are experiencing a decline as both projects prepare for an increase in circulating supply later this week. Both projects have scheduled token unlocks, which allow early investors and project team members who were previously unable to sell to do so. These unlocks are designed to reduce selling pressure on tokens. Sui's price has dropped by 7% in daily trading, currently trading at $0.54, while HBAR has decreased by 4% to $0.05. In comparison, Ethereum's ether (ETH) is down 0.3%.
Data collected by TokenUnlocks reveals that Sui intends to increase its allocation of tokens designated for staking subsidies from 967,740 to 1 million SUI, valued at approximately $540,000. Concurrently, Hedera plans to allocate 1.15 billion HBAR, or $64.3 million, divided among network governance, purchase agreements, and ecosystem development. HBAR's price surged 15% earlier this month after being integrated into the U.S. Federal Reserve's FedNow platform, resulting in a 50% price increase since mid-June and pushing its market cap above $2 billion.
$SUI $HBAR
#NEWS #CRYPTOPM #cryptopm
- The 2023 INCLUSION·外滩大会 is set to take place from September 7th to 9th at the Shanghai Huangpu Expo Park. The event will cover a wide range of topics, including artificial intelligence and large-scale models, innovative industry practices, cultural features, and data technology. In addition, the conference will serve as an open international exchange and sharing platform, with over 500 influential global technology leaders and experts sharing their insights on cutting-edge technologies such as artificial intelligence, blockchain, privacy computing, and Web3.0. As part of the exploration into the future of data technology, the event will also showcase the latest practices of global Web3.0 companies and the internationalization efforts of Chinese enterprises.
- Token prices for Sui (SUI) and Hedera (HBAR) are experiencing a decline as both projects prepare for an increase in circulating supply later this week. Both projects have scheduled token unlocks, which allow early investors and project team members who were previously unable to sell to do so. These unlocks are designed to reduce selling pressure on tokens. Sui's price has dropped by 7% in daily trading, currently trading at $0.54, while HBAR has decreased by 4% to $0.05. In comparison, Ethereum's ether (ETH) is down 0.3%.
Data collected by TokenUnlocks reveals that Sui intends to increase its allocation of tokens designated for staking subsidies from 967,740 to 1 million SUI, valued at approximately $540,000. Concurrently, Hedera plans to allocate 1.15 billion HBAR, or $64.3 million, divided among network governance, purchase agreements, and ecosystem development. HBAR's price surged 15% earlier this month after being integrated into the U.S. Federal Reserve's FedNow platform, resulting in a 50% price increase since mid-June and pushing its market cap above $2 billion.
$SUI $HBAR
#NEWS #CRYPTOPM #cryptopm
Digital asset fund Alpha Transform Holdings (ATH) has announced a strategic partnership with decentralized finance (DeFi) infrastructure platform Qredo. The partnership was established through ATH's subsidiary, Alpha Liquid Fund, which acquired an undisclosed amount of Qredo tokens (QRDO).
ATH plans to utilize the Qredo platform to support its two flagship funds: Alpha Sigma Blockchain/Web3 Fund and Alpha Liquid Fund. The specific acquisition amount has not been disclosed.
#CRYPTOPM
ATH plans to utilize the Qredo platform to support its two flagship funds: Alpha Sigma Blockchain/Web3 Fund and Alpha Liquid Fund. The specific acquisition amount has not been disclosed.
#CRYPTOPM
