Crypto Educational Post 🔥
Understanding key price action patterns can significantly enhance your trading skills. Here's a look at some important patterns:
1. Up-Trend:
- Characterized by higher highs (HH) and higher lows (HL), indicating a strong upward momentum.
2. Demand Zone:
- An area where buying interest is strong enough to push the price higher, often leading to a bullish move.
3. Double Bottom:
- A bullish reversal pattern that forms after a downtrend, indicating potential upward movement.
4. Supply Zone:
- An area where selling interest is strong, often leading to a bearish move as the price drops.
5. Reversal:
- Marked by a shift in trend direction, such as lower highs (LH) and lower lows (LL), signaling a potential trend change.
Recognizing these patterns can help you make informed trading decisions. Keep practicing and refining your skills!
$BTC $ETH $BNB
#CryptoTrading #PriceAction #CryptocurrencyCulture #TradingPatterns #CryptoEducation💡🚀
Bitcoin Hits New High Since July, Then Drops
On October 15, Bitcoin surged to a new high of $67,950, its highest since the end of July, before dropping back to around $65,600. Despite the correction, analysts like Vladislav Antonov from BitRiver believe buyers still have room to push the price up to $68,800. Breaking this resistance could trigger a rally towards $90,000.
In the last 3 hours, crypto exchanges saw $102 million in liquidations, with $39 million in Bitcoin and $27 million in Ethereum. Ethereum also experienced a brief spike to $2,670 before falling back to $2,620.
Total crypto market capitalization has grown by 0.8%, reaching $2.42 trillion.
🎮 Azra Games Levels Up with $42.7M Funding Boost! 🎮
- Sacramento-based Azra Games just scored a whopping $42.7M in Series A funding led by Pantera Capital, with a16z Crypto and others joining the party.
- This brings their total funding to $68.3M! 💰
- Led by game design legend Mark Otero, Azra is diving back into RPGs, this time with a Web3 twist.
- Otero, who thought he was retired, is back in action thanks to blockchain tech.
- Azra is cooking up a free-to-play RPG for mobile, aiming to revolutionize Western RPGs.
- The funds will fuel game development and AI research at Azra Labs.
Game on!
🎮 Azra Games Levels Up with $42.7M Funding Boost! 🚀
Sacramento-based Azra Games just scored a whopping $42.7M in Series A funding, led by Pantera Capital, with a16z Crypto, a16z GAMES, and NFX joining the party. This brings their total haul to $68.3M!
Game designer Mark Otero, the brain behind KlickNation and Star Wars Galaxy of Heroes, is back from "retirement" to dive into blockchain-based RPGs.
Azra is cooking up a free-to-play mobile RPG, aiming to redefine Western gaming. With AI-driven development, they're speeding up the creation of AAA content.
What do you think about blockchain in gaming? Drop your thoughts below! 💬
**Azra Games Secures $42.7M for Blockchain RPG Development**
Sacramento-based Azra Games has just scored $42.7 million in a Series A funding round to develop mobile RPGs. The round was led by Pantera Capital, with notable participation from a16z Crypto, a16z GAMES, and NFX. This brings Azra's total funding to $68.3 million.
The studio, helmed by Mark Otero, a former KlickNation co-founder, aims to revolutionize RPGs for Western audiences with blockchain-based titles. Otero, known for creating hits like Star Wars Galaxy of Heroes, was lured back into game design by the potential of Web3.
Azra Labs, led by CTO Travis Boudreaux, will use the funds to accelerate game development and explore AI applications. Despite the challenges posed by the recent crypto winter, venture capital interest in gaming remains strong, with a16z recently committing $30 million to gaming startups.
The global RPG market, valued at $18.73 billion in 2021, is projected to soar to $38.46 billion by 2029, according to Cognitive Market Research.
Azra Games, a Web3 gaming startup founded by veteran game designer Mark Otero, has successfully raised $42.7 million in a Series A funding round led by Pantera Capital’s Franklin Bi. This latest round brings the company's total funding to $68.3 million. The capital will be used to accelerate the development of its gaming titles, expand its team, and advance other ongoing projects. Additionally, part of the funds will support Azra Labs, a research unit focused on integrating AI into AAA mobile game development. Azra Games aims to create mobile RPGs that rival PC and console quality, with its flagship game, "Project Legends," already open for the waitlist.
Technical Analysis: $METIS
{spot}(METISUSDT)
/USDT – October 15, 2024Current Price: $43.86As METIS continues to show strong momentum, let’s delve into the technical analysis to identify potential targets for traders.Support and Resistance Levels:1. First Target (Resistance): $44.77This level corresponds to the recent 24-hour high. A successful breakout above this level could signify bullish continuation, attracting more buyers into the market.2. Second Target (Support): $41.48Acting as a strong support level, if the price retraces, this area could provide an opportunity for buyers to re-enter the market. Watch for volume spikes around this level for confirmation.3. Third Target (Long-term Support): $37.76A deeper retracement to this level could indicate a potential reversal zone. Traders should monitor for signs of bullish divergence here, as it could present a solid entry point for long positions.Moving Averages:MA(5): 30,509.597MA(7): 40.76MA(25): 39.56MA(99): 35.83Trading Volume:24h Volume (METIS): 265,097.4224h Volume (USDT): $10.78MThe overall bullish sentiment combined with the recent price action suggests that METIS may continue to rise, but traders should remain vigilant around key support and resistance levels.Stay updated and trade wisely!
🔥 Starknet’s Growth: A Surge in Developer Activity and Package Downloads
🔸 Rising Downloads of Starknet Packages
Starknet has seen an increase in the trend from May 2024 to September 2024 in the monthly download of packages. From NPM, PyPI, and Cargo sources, September 2024 is observed to have dominated the downloads, with values over 200 thousand. A large part of these downloads is made up of Python (PiePI) and JavaScript (NPM) packages and a smaller base of Rust (Cargo) but growing. This momentum was well carried through the summer period as well.
🔸 Developer Activity Reaches New Heights
September 2024 was the most popular, showing the tendency of increasing interest in developers who use different programming languages. The active development of GitHub further complements this trend. Cairo’s active developers have hit their high since January 2023, as revealed by Starknet’s recent tweets. This development has prompted debate on whether Starknet is already at “escape velocity” regarding developer adoption.
🔸 Developer Engagement Breakdown:
The developer activity data gives insight into the activities that occur within its ecosystem at various levels. First-timers with 10 commits or fewer have formed the largest group, signifying fresh entrants into the community. The relative distribution of mid-level contributors (with 10-19 commits) and highly involved ones (with 20+ commits) increases, specifically in June-September 2024. This means a deepening commitment from contributors to the platform’s development.
🔸 A New Era for Starknet?
Thus, despite the markets moving in the right direction by constantly growing and attracting new developers’ attention, Starknet is gradually preparing for growth and new solutions. Every day, more developers use Starknet tools and packages, which makes ever-bigger waves in space.
As Starknet expands its community, developers and blockchain enthusiasts should dive into the ecosystem and fund projects that can become the future of decentralized apps.
#STARKNET
{spot}(STRKUSDT)
COMPARING STAKING AND SAVINGS YIELDS ON LEADING #CEX
Graphic provides a comparative analysis of staking and flexible savings yields across top centralized exchanges (#CEX). It displays the interest rates available for various assets, such as $USDT, $USDC, $BTC, $ETH, $SOL, and $BMX, provided by platforms like @BitMartExchange, @binance, @okx, @Bybit_Official, and @bitgetglobal.
*Users who successfully subscribe to the event products will receive double APY returns, and the extra returns will be regularly distributed in the form of futures rebate cards.
💰 @BlockcastNet raises $2.85M in an undisclosed funding round led by @lattice_fund. Other investors in the round include @allianceDAO, @FinalityCap, @protocollabs, @RW3Ventures, @ZeePrimeCap.
#Blockcast brings together capacity from independent node operators and commercial networks through open standards to enable content delivery services at a fraction of the cost, without compromising security or performance.
👉
BREAKING 🚨
Trump is now leading by 16.5% in the polls for the upcoming U.S. presidential election, and this could have major implications for the crypto market.
If Trump wins, he has made it clear that he supports making the U.S. the global capital for crypto innovation. His pro-Bitcoin stance, combined with favorable policies, could lead to massive growth in the industry.
#Bitcoin❗ , which thrives in a less-regulated environment, could see a dramatic rise in price. With Trump pushing for more crypto adoption, we might witness Bitcoin's price explode 🔥 as confidence in the digital asset market surges.
#bitcoin☀️ #TrumpDeFi #MemeCoinTrending #GrayscaleConsiders35Cryptos
$BTC $ETH $BNB
Technical Analysis: $AGLD
{spot}(AGLDUSDT)
/USDT
As AGLD/USDT trades at $1.168, the market shows strong bullish momentum, having increased 11.24% in recent sessions. Traders should keep an eye on the following target levels as potential points for action:
Target 1: $1.222
This level represents the recent 24-hour high and serves as an initial resistance point. A breakout above $1.222 could signal continued upward momentum, attracting additional buyers to the market.
Target 2: $1.250
If bullish sentiment persists, the next target is set at $1.250. This price level is significant as it has previously experienced selling pressure. A successful breach here may encourage traders to seek further gains.
Target 3: $1.300
The psychological level of $1.300 is our final target. A close above this price could indicate a strong bullish trend and potentially trigger a new wave of buying, leading to a sustained rally.
Current Market Data:
24h High: $1.222
24h Low: $1.050
24h Volume (AGLD): 4.73M
Moving Averages:
MA(2): $1.105
MA(25): $1.047
MA(99): $0.963
As AGLD approaches these key levels, traders are advised to utilize proper risk management strategies and closely monitor market conditions.
Happy trading and stay tuned for further updates!
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People fled in fear from the monster's mouth. The mage summons the legendary stickman through a talisman to save this land. 🪄
After sleeping for 500 years, you are ready to make a Crisis in this world after you are awakened.💥
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Get ready to play with Catizen and stay tuned for more game in Catizen Game Center! 🌠🎮
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Catizen's vibe: Play for the airdrop🪂, Heal the world!🌍
#Catizen #CATI #minigame
Mantle (MNT) has experienced a significant downturn, losing 4.10% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against Bitcoin (BTC) and Ethereum (ETH), with declines of 6.03% and 2.66%, respectively. Despite a 6.29% gain over the last month and an 86.31% increase over the past year, Mantle is currently trading 26.63% below its predicted value for October 20, 2024.
Market sentiment remains neutral, with the Fear & Greed index indicating greed at 65. Key support levels are identified at $0.613519, $0.583218, and $0.566196, while resistance levels are at $0.660843, $0.677865, and $0.708166. Despite a predicted 30.72% price increase in the next five days, the overall outlook for Mantle remains uncertain due to market volatility and mixed technical indicators.
🚀 Canary Capital Files for Spot Litecoin ETF! 🚀
Crypto-focused Canary Capital has filed with the SEC to list a spot Litecoin (LTC) ETF. This move, spearheaded by Valkyrie founder Steven McClurg, aims to bring LTC to Wall Street trading terminals.
📊 Key Points:
- Litecoin, created in 2011, is often seen as a lighter version of Bitcoin.
- LTC is currently trading at nearly $70 with a market cap of over $5.25 billion.
- Canary Capital also filed for a spot XRP ETF and launched the Canary HBAR Trust.
The SEC's stance on crypto ETFs remains cautious, but LTC's similarities to Bitcoin might boost its chances. What do you think? Will we see more crypto ETFs soon? Drop your thoughts below! 💬
Read more: Bitcoin crosses $67k to hit 2-month high