Cryptocurrencies have been a hot topic in the investment world lately This new currency can fill any investor's pocket It is reported in various quarters that several people have made a good fortune by earning in this way That said, many others are encouraged to invest in this path Originally, cryptocurrency was intended to be a model around the world in terms of payments But currently, people are investing in cryptocurrency to earn money. It is not as easy as it seems. Due to lack of understanding many people are losing money coming here or many are leaving this path. The cryptocurrency sector is still in its infancy and the crypto-asset market is in a state of extreme volatility, which is accompanied by price volatility. When prices rise, investors are attracted to the sector and enter again and face huge losses as the market crashes. But some There are specific strategies that experienced investors use to make money from cryptocurrencies. So it should be remembered that there are definitely some strategies for making money in this field and investors should proceed with that in mind Otherwise you will be disappointed So now let's understand the methods to earn profit in cryptocurrency market.First of all, investment strategy should be kept in mind Investing in cryptocurrencies for the long term is an ideal strategy Buying and holding one of several popular cryptocurrencies is a good strategy. Coins like Bitcoin and Ethereum are volatile in the short term but profitable in the long term. Secondly, you need to understand the trading strategy It is difficult to trade in volatile cryptocurrency market but it is not impossible to trade during that time. In that case, to be a successful trader you need to have analytical and technical skills. Then you have to understand in advance when and how the price will come down That is why he needs to analyze technical charts skillfully to make accurate predictions about price rise and fall. If you know in advance when the price will rise or fall, you can make timely decisions about when to buy and when to sell. And only if you can do this, you can make a profit from crypto currency.Third, understand staking Staking is a way to own cryptocurrencies but not spend them. When cryptocurrency transactions are verified, you get rewarded in the form of crypto coins. Those coins will then be locked in a crypto wallet. A proof-of-stake blockchain network, which is used by many cryptocurrencies, is ideal for this approach. Now the reward you get for verifying transactions is similar to the interest the bank will pay for the credit balance. Fourth is social media strategy Since 2011, several blockchain startups have launched to use the new technology. These startups also have social media platforms, and many of those companies reward those who create and host content for them with the platform's native crypto coins. Fifth, mining strategy Cryptocurrency mining is an important element of proof of work process If you mine a cryptocurrency, you will be rewarded with new coins. Mining requires investment calculations and technical skills. In addition, you should have a coding background and a reasonably powerful computer in a cold environment. Sixth airdrop technique Airdrops are free tokens distributed to raise awareness. That is usually done by crypto exchanges Airdrops are done to create a larger user base for a project. With the tokens received through airdrops, you can buy more cryptocurrencies and transact with them.#crypto2023 #cryptonews cryptonewsacryptonewscryptonewsryptonewscryptonewsacryptonewscryptonews$BTC $ETH $BNB

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On November 20, the cryptocurrency exchange Bittrex Global, based in Liechtenstein, abruptly announced that it would cease all its operations worldwide starting Monday, December 4, 2023.According to the statement posted on its website, Bittrex Global will halt all trading activities on its platform and will only allow fund withdrawals after December 4, urging users to withdraw their funds in full before that date.The closure of Bittrex Global comes nine months after its U.S. subsidiary filed for Chapter 11 bankruptcy in Delaware, following the announcement of ceasing operations in the U.S. after being accused by the Securities and Exchange Commission (SEC) of operating without registration.In April, the SEC accused Bittrex and its co-founder and former CEO, William Shihara, of unlawfully running an unregistered securities exchange, allegedly generating around $1.3 billion. This resulted in a fine that Bittrex agreed to pay in August, amounting to $24 million for the alleged violations.Bittrex Global ranks among the top 100 global exchanges, albeit with much lower trading volume than industry giants like Coinbase or Binance, recording only $6 million in daily volume after having been one of the largest exchanges in the U.S. before its regulatory issues in 2021.Despite the regulatory challenges faced by Bittrex, the platform has strongly emphasized that user funds are secure on the platform and can be withdrawn without any issues.“All funds and tokens remain safe and secure on the Bittrex Global platform and are available for withdrawal – in accordance with applicable law and our Terms of Service – at any time using the withdrawal facilities on the platform,” the statement quoted.Additionally, the exchange expressed regret for any inconveniences caused by its decision to users without disclosing the specific reasons behind the closure, although all signs indicate that its issues with the SEC are much larger than anticipated, especially considering the regulator’s recent actions against two major cryptocurrency exchanges, Binance and Kraken.Yesterday, the SEC demanded $4 billion from Binance to withdraw the lawsuit against it. On the same day, the SEC filed charges against Kraken, nine months after what seemed to be the resolution of their disputes, following Kraken’s acceptance of a $30 million bond payment.Therefore, the current situation involving Bittrex and other exchanges raises questions about the stability in the relationship between cryptocurrency exchanges and regulators. It also creates uncertainty over whether previous purported resolutions between these actors can be trusted.$BTC $ETH $BNB

The price of Shiba Inu (SHIB) has fallen by 2% in the past 24 hours, with its dip to $0.00000690 coming as the cryptocurrency market barely moves in either direction.Despite its fall, SHIB is actually up by 1% in a week, although it remains down by 5.5% in the last 30 days and by 15% since the beginning of the year.This drop since January stands in contrast to many other major tokens, yet SHIB remains the 19th-biggest coin in the market by cap, with the fact that it has been heavily oversold recently indicating that it could be due a big rebound.SHIB's indicators continue to look very bad at the moment, given that they've remained in oversold positions without the meme token showing any real signs of a strong recovery.Most notably, SHIB's 30-day exponential moving average (yellow) has remained substantially below its 200-day average (blue) for several months, highlighting the fact that the coin has had a real problem in lifting itself from its current funk.Likewise, SHIB's relative strength index (purple) has remained below 50 since the middle of August, and like its averages the RSI is struggling to improve.This is also reflected in the meme token's gradually sinking support level (green), another sign that it's suffering from a serious long-term decline.On the one hand, this all suggests that investors have generally lost interest in SHIB and don't see it bouncing back anytime soon.Yet on the other hand, it also suggests that SHIB can be bought at a very steep discount, given how heavily oversold it has been.Because compared to most other meme tokens, SHIB arguably has much stronger fundamentals, as witnessed by this summer's launch of theThe price of Shiba Inu (SHIB) has fallen by 2% in the past 24 hours, with its dip to $0.00000690 coming as the cryptocurrency market barely moves in either direction.Despite its fall, SHIB is actually up by 1% in a week, although it remains down by 5.5% in the last 30 days and by 15% since the beginning of the year.This drop since January stands in contrast to many other major tokens, yet SHIB remains the 19th-biggest coin in the market by cap, with the fact that it has been heavily oversold recently indicating that it could be due a big rebound.Shiba Inu Price Prediction as SHIB Becomes Top 20 Crypto in the World – $1 SHIB Incoming?SHIB's indicators continue to look very bad at the moment, given that they've remained in oversold positions without the meme token showing any real signs of a strong recovery.Most notably, SHIB's 30-day exponential moving average (yellow) has remained substantially below its 200-day average (blue) for several months, highlighting the fact that the coin has had a real problem in lifting itself from its current funk.Likewise, SHIB's relative strength index (purple) has remained below 50 since the middle of August, and like its averages the RSI is struggling to improve.This is also reflected in the meme token's gradually sinking support level (green), another sign that it's suffering from a serious long-term decline.On the one hand, this all suggests that investors have generally lost interest in SHIB and don't see it bouncing back anytime soon.Yet on the other hand, it also suggests that SHIB can be bought at a very steep discount, given how heavily oversold it has been.Because compared to most other meme tokens, SHIB arguably has much stronger fundamentals, as witnessed by this summer's launch of the Shibarium layer-two network.Transactions on Shibarium have been rising in recent days and weeks, highlighting how the new layer-two could really boost Shiba Inu's ecosystem in the near and more distant future.Shiba Inu also has the eventual launch of SHIB: The Metaverse to look forward to, although there's no firm release date for this.Regardless, Shiba Inu's own metaverse platform will likely attract plenty of adoption and users for SHIB, something wihch will ultimately boost its price.Part of the reason why SHIB has declined in recent weeks is that few major updates have been heard from SHIB: The Metaverse, yet as the above tweet shows, its team was in Dubai recently to discuss the latest developments.As such, the metaverse is coming, and when it does SHIB is likely to rally big.As for now, SHIB could be expected to return to $0.0000080 in the next few weeks, and potentially rise to $0.000010 by next year.Other High-Potential Meme TokensWhile SHIB remains a relatively safe bet within the meme token category, it isn't the only promising coin in this area, with several newer cryptocurrencies also showing plenty of promise.Possibly the most exciting new meme token right now is Meme Kombat (MK), an Ethereum-based platform that has raised more than $550,000 since launching its sale several weeks ago.The reason why Meme Kombat has attracted so much interest already is that its platform offers something unique within crypto: the ability to bet on the outcomes of AI-generated meme battles.This is an interesting and unique concept, with no other platform offering something similar, and it's likely that it will continue to attract more users as time progresses.The use of popular memes will help Meme Kombat market itself and draw in users, who will also be attracted by the ability to win rewards in MK if they bet correctly on the results of battles.MK will have a hard cap of 120 million tokens, with 50% of this being allocated to the presale and another 30% going to battle and staking rewards.This distribution makes MK not only a decentralized token, but also a potentially profitable one, given that it will offer staking rewards on top of potential price increases.New investors can get involved in its presale by going to Meme Kombat's official website, where 1 MK costs $0.1667.It will stay at this price for the entire sale, yet Meme Kombat's playful use of memes and interesting concept could see it rise much higher soon enough.#SHIB SHIB#cryptocurrency cryptocurrency#crypto2023 $SHIB

DOGE, SHIBA, BONE, PEPE, and LEASH have dropped significantly in the past month, whereas FLOKI is among the few in the green.★Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced recent declines of 5% and 6% respectively. Other memecoins also saw drops, while Floki Inu (FLOKI) gained 8% in a week.★Analysts suggest Shiba Inu’s price might be at its lowest, hinting at a potential rise.★Shibarium, SHIB’s layer-2 blockchain solution, showcases bullish developments, including a successful burning mechanism.The latest decline of the cryptocurrency market has affected numerous digital assets, including most from the memecoin realm. According to CoinGecko’s data, the one with the largest market capitalization – Dogecoin (DOGE) – plunged by over 2% in the past 24 hours and is down almost 5% on a monthly basis.The self-proclaimed Dogecoin killer – Shiba Inu (SHIB) – has fallen by over 6% in the past 30 days, while Pepe Coin (PEPE) has plummeted by more than 8%.Bone ShibaSwap (BONE), Doge Killer (LEASH), and Dogelon Mars (ELON) have also been on a downfall, nosediving by respectively 17%, 13%, and 8% in the last month.Floki Inu (FLOKI) is among the few to be in the green for that period. Moreover, it has charted a substantial 8% gain in the past seven days.Memecoins are a highly intriguing niche of the cryptocurrency sector. We recently uploaded a video depicting the leading such tokens and their specifics.Some experts and analysts have recently maintained that the price of Shiba Inu has found the bottom, meaning an ascend is expected to happen soon. One such example is the X (Twitter) user $SHIB KNIGHT, who assumed the coin’s valuation could jump by 300% in the near future.The successful execution of Shiba Inu’s burning mechanism and the further advancement of the layer-2 blockchain solution Shibarium have also been outlined as bulilish factors.#crypto crypto #Shibainu Shibainu#crypto $SHIB

Co. has shed light on how the Ethereum network decentralization has decreased significantly since the Merge event and Shanghai upgrade went live.The rise of staking and centralizationSince implementing the Merge and Shanghai upgrades, Ethereum has seen a substantial uptick in staking activities.Staking, a process where users lock up their crypto assets to support network operations, has its merits. According to a CoinDesk report citing JPMorgan research, this surge in staking activity comes at a cost: centralization.Traditionally, many in the crypto community prefer decentralized liquid staking platforms like Lido over their centralized counterparts.Lido’s approach included adding more node operators to ensure no single entity controlled a significant portion of staked Ether (ETH). The aim was to address centralization concerns.However, centralization remains a risk. A concentration of liquidity providers or node operators could act as a single point of failure or even collude to create an oligopoly, potentially undermining the interests of the broader Ethereum community.Ethereum, the world’s second-largest crypto, has become more centralized since the Merge and Shanghai upgrades. And JPMorgan is highlighting concerns over a decline in staking yields.The menace of rehypothecationAnother highlight from the report is rehypothecation. This complex term refers to the practice of reusing liquidity tokens as collateral across multiple decentralized finance (DeFi) protocols simultaneously.DeFi encompasses lending, trading, and other financial activities carried out on the blockchain.The problem arises when a staked asset’s value sharply declines or faces a security breach or protocol error.In such scenarios, rehypothecation could trigger a cascade of liquidations, jeopardizing the stability of the DeFi ecosystem.Furthermore, the report points out that the increase in staking has diminished the appeal of Ethereum from a yield perspective.This shift is especially noticeable amid rising yields in traditional financial assets. The total staking yield has fallen from 7.3% before the Shanghai upgrade to approximately 5.5%.From a different perspective, the research data presented in December following Ethereum’s Merge upgrade in September 2022 reveals a significant reduction in the network’s energy consumption, akin to the energy usage of entire countries such as Ireland and Austria.This decrease in power consumption positively contributes to environmental sustainability, aligning with broader global efforts to reduce the carbon footprint associated with blockchain technologies.Ethereum’s core developers have introduced an Ethereum Improvement Proposal (EIP-7514) as part of the upcoming Dencun upgrade, scheduled for activation in October 2023.This proposal aims to slow down the rate of Ether staking. The intention is to provide the Ethereum community with more time to devise a practical reward scheme for stakers on the network.ETH price analysisAs of the time of writing, the price of Ethereum (ETH) stands at $1,629, representing a 3.4% decline on the weekly timeframe.Ethereum’s Relative Strength Index (RSI) is currently sitting at 40.4.The price of ETH is struggling to maintain the $1600 level after facing rejection at the $1700 resistance level. A failure to hold the $1600 level could potentially lead to a further decline to the $1500 level.#ETH #crypto2023 #Layer2 #opbnb opbnb$ETH $BTC $BNB

Bitcoin (BTC/USD) encountered improving momentum early in the Asian session as the pair orbited the 27992.79 area, representing the 23.6% retracement of the recent appreciating range from 25983.78 to 28613.37.   After trading as low as the 27173.41 area, BTC/USD surged higher to the 28888.88 area, representing a test of the 78.6% retracement of the depreciating range from 28613.37 to 27173.41.  Stops were elected above the 28614.25 level, a previous downside price objective related to selling pressure around the 30222 and 29665 levels.  Areas of technical resistance and potential selling pressure remain the 28934, 29228, 29665, 29964, 30053, and 30222 levels.  Following the ongoing appreciation, areas of technical support and potential buying pressure include the 26988, 26756, 26604, 26318, and 25694 levels.   Further above the market, Stops are cited above the 30178 and 31862 areas.  Below the market, Stops are accruing below some downside price objectives including the 24155, 23270, 23204, 23164, 22949, 22028, 21496, 21242, and 20702 areas.   Three significant technical levels that technicians continue to monitor include the 29514, 23438, and 20195 levels, areas related to selling pressure around the 69000, 59249, and 52100 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).Price activity is nearest the 50-bar MA (4-hourly) at 27509.23 and the 50-bar MA (Hourly) at 27751.41.Technical Support is expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below.Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above.  On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.      #BTC #crypto2023 #cryptocurrency #cryptonews cryptonews$BTC $BNB

Even as the price of Bitcoin rose amid the Covid-19 pandemic, investors in Bitcoin lost billions of dollars as central banks around the world, including the Fed, raised interest rates to combat inflation. At the same time the crypto exchange FTX collapsed. However, due to the collapse of some of the world's mainstream banks this year, the cryptocurrency market, including Bitcoin, is turning around.900 bitcoins are 'mined' (bitcoin mining is the process by which miners add new bitcoins to the bitcoin blockchain) every day. Standard Chartered believes that miners will have to sell some of their bitcoins to cover the electricity costs of the supercomputers involved in mining bitcoins, among other expenses.According to Jeff Kendrick, miners are now selling 100% of the new coins. If the price of Bitcoin rises to $50,000, they will probably sell 20 to 30 percent. It will sell 180 to 270 bitcoins per day. At this rate, 65,750 to 98,550 bitcoins will be sold annually, compared to 328,500 before.According to Reuters, the daily production of Bitcoin will be halved in April or May of next year to balance the Bitcoin market. It will be due to internal reasons of the system. But there have been big predictions about the price of Bitcoin in the past, which have not been reflected in reality. An analyst from the US City Bank said in November 2020 that the price of Bitcoin will rise to 318 thousand dollars in November 2022, but at the end of last year it fell to 16 thousand 500 dollars.$BTC BTC#crypto2023 #cryptonews cryptonews #cryptonews cryptonews #cryptocurrency