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Top 5 Tokens To Watch out For Trading In September 🔥
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Another attempt at XRP growth As its price begins to show signs of strengthening, XRP is poised for another upside attempt. This served as a crucial support level when XRP recently pulled back to its 26-day exponential moving average (EMA). For traders hoping for another breakout, this bounce off the 26 EMA suggests that the asset is trying to maintain its upward momentum. Trading volume is declining, which is a worrisome factor. As a rule, a sharp increase in trading volume is required to maintain price momentum, especially when important resistance levels are broken. Short-term upward pressure on XRP may be hampered by declining volume, indicating a lack of buying pressure. The state of affairs right now offers conflicting opportunities. Clearly, there is still some buying interest around these levels, making the 26 EMA support a positive indicator. However, volume is low, indicating that interest may not be enough to push XRP to record highs. A sustained upside move could be supported by increased volume, so traders should keep an eye on these levels. $XRP
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Why bitcoin is falling - 4 reasons and prediction Bitcoin has lost the $60,000 level. Against the background of the fall of the most capitalized cryptocurrency We tell you why bitcoin is falling and what reasons make many participants of the crypto community believe in the growth of BTC in the fall of 2024. What's happening to bitcoin Bitcoin ended Tuesday, August 27 with a fall. The cryptocurrency failed to hold the $60,000 level. At the time of writing this review, bitcoin is trading at $59,262, nearly 20% below the all-time high of $73,750 recorded on March 14, 2024. Bitcoin made two attempts to storm $65,000 before dipping under $60,000. Amid the cryptocurrency's fall, the Fear and Greed Index went into the red zone, indicating market participants' uncertainty about the coin's growth prospects in the near future. Why bitcoin is falling There is no single answer to the question “why bitcoin fell”. The cryptocurrency fell under $60,000 amid a confluence of a number of circumstances. Let's consider the reasons for the fall of bitcoin. Formally, they can be divided into four groups. 1. Macroeconomic pressure 2. Decline in bitcoin network activity 3. technical and market factors 4. general market sentiment Is there a chance for growth to resume Many crypto investors believe that bitcoin will resume growth in September 2024. The authors of some forecasts are confident that BTC will be able to overcome the psychologically important level of $100,000 in early fall. Among the positive factors of cryptans highlight the completion of the prison term of Binance founder Changpeng Zhao, payments to FTX, the exit from the pressure of Mt. Gox, the probable reduction of the Fed rate, as well as the presumed victory of the supporter of the crypto Donald Trump in the U.S. presidential election 2024. there are those who are waiting for BTC to continue falling. For example, popular crypto blogger and entrepreneur Karl Runefelt believes that investors may see bitcoin below $50,000 in SEP $BTC
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What is the difference between a private and a public key? Private and public keys are two essential components of asymmetric encryption that work together to ensure data security. Here are the main differences between them: The private key is used to decrypt data that has been encrypted with the corresponding public key and to create a digital signature. 🔵 The private key must be kept strictly confidential and accessible only to the owner. Its leakage can lead to data and asset compromise. 🔵 It is used to sign transactions, documents, and messages, confirming their authenticity and allowing the recipient to verify that the data truly comes from the owner of the private key. The public key is used to encrypt data that can then only be decrypted using the corresponding private key and to verify a digital signature created by the private key. 🔵 The public key can be freely distributed and shared with others. Its leakage poses no threat since it cannot be used to access data by itself. 🔵 It is used to encrypt messages or data that will be sent to the private key owner and to verify the authenticity of signatures. $BTC $ETH $BNB
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Ripple ( XRP ) Struggling To Hold
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