Sun, scenery and #Binance
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This year, we brought the #Binance Valentine's celebrations to Dubai 💛

Our community came together for networking, games, education, and #Binance bouquets!
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Congratulations crypto fam. ❤
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#Arkham price coils up to retest $0.40 as ARKM exchange flow balance metric reads positive

CRYPTOS | 02/13/2024 23:59:00 GMT

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Arkham price action has consolidated within an ascending parallel channel, signaling an impending breakdown.

ARKM could drop nearly 40% to $0.40 in the long run amid fading Nvidia earnings euphoria.

A break and close above the $0.89 range high would invalidate the bearish thesis.

Arkham (ARKM) price is trading with a bullish bias, consolidating above an ascending trendline to the downside. However, its upside potential is capped by another ascending trendline. The two technical formations form an ascending or rising channel.
Also Read: AI coins Render, Akash Network, Fetch.ai rally on opening of world AI Cannes Festival

Arkham price readies for a break down

Arkham (ARKM) price acting has formed an ascending channel, contained by two ascending trendlines that hint at a future convergence. This is because the lower trendline is steeper than the upper trendline, such that the lows are climbing faster than the highs. The technical formation suggests a possible break downwards.
If the technical formation plays out, the AI crypto coin could break below the lower boundary of the technical formation, potentially going as low as the $0.40 psychological level. Such a move would constitute a 40% fall below the current price action.
In a dire case, the slump could send Arkham price all the way down to the $0.05 range low.

On-chain metrics to support Arkham price bearish outlook

Santiment’s daily active addresses metric has been dwindling over the past few weeks, which is bearish as there are no new addresses being created in favor of ARKM. It points to low crowd interaction, bolstering the bearish thesis.
Also, the social dominance and social volume metrics are abysmal, with the shrinking chatter around ARKM token suggesting investor focus in other projects.
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#saManta Network Price Prediction: MANTA could fall 10%

Manta Network price is trading below the centerline of the Bollinger indicator amid falling momentum.

MANTA could drop 10% to test the most critical support due to the 61.8% Fibonacci level at $2.4379.

A break and close above the 78.6% Fibonacci level at $3.0848 would invalidate the bearish thesis.

Manta Network (MANTA) price has recorded significant volatility over the past few days as investor attention shifted to low market capitalization tokens as they awaited Bitcoin (BTC) price to break consolidation.
Also Read: February's $870 million crypto token unlocks: SUI, APT, SAND, APE, MANTA, AVAX, OP

Manta Network price eyes 10% drop

Manta Network (MANTA) price could fall 10% to the critical Fibonacci retracement level, the 61.8% at $2.4379. The bearish outlook comes as the altcoin remains within the lower section of the Bollinger indicator, confronting resistance due to its centerline at $3.0044.The Relative Strength Index (RSI) is inclined south, showing that momentum is falling, accentuating the bearish thesis.
If the bears have their way, the Manta Network price could extend a leg down to the 50% Fibonacci level at $1.9836. An extended fall could send the altcoin to the 38.2% Fibonacci level of $1.5293, or in a dire case, slump to the 23.6% retracement level at $0.9672.
Conversely, if the bulls show resolve, the Manta Network price could push north, overcoming resistance due to the centerline before confronting the 78.6% Fibonacci level at $3.0848.  A decisive candlestick close above this level would invalidate the bearish thesis.
In a highly bullish case, the gains could see the Manta Network price extend the gains to fill the market range at $3.9087. Such  a move would denote a 40% climb above current levels. 
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ETH Soars 12% Weekly as Bulls Start Looking at $3K (Ethereum Price Analysis)
Ethereum’s price has been rallying aggressively over the past few days. Yet, the market is approaching a strong resistance level that could determine the mid-term fate of ETH.

Technical Analysis

By TradingRage
The Daily Chart

On the daily chart, the price has been rallying since a rebound from the $2,200 zone. The $2,400 resistance level has also been broken with ease.
Currently, ETH is climbing toward the $2,700 resistance level and the higher boundary of the large ascending channel. However, the Relative Strength Index has also been rising, entering the overbought region. This might trigger a possible pullback or reversal as the price reaches the $2,700 resistance level.
The 4-Hour Chart

Looking at the 4-hour chart, the recent rally becomes much more clear. The price is approaching the $2,700 resistance level almost vertically.
This highly bullish momentum is also supported by the Relative Strength Index, which is above the 70% level. Yet, with the RSI being oversold on the daily and the 4-hour charts, the probability of a correction after testing the $2,700 level is significant.
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Industry Leaders Speak on Approval of Ethereum Spot ETFs at Major Financial Conference: What Are the Odds?
At the financial services conference Exchange 2024, industry leaders shared their views on the future of cryptocurrencies, specifically Bitcoin (BTC) and Ethereum (ETH) ETFs.
Matt Hougan, Bitwise's Chief Investment Officer, predicts that BTC ETFs will gain secondary momentum in the coming months as they enter national broker platforms. He also commented on Vanguard's current stance on ignoring BTC ETFs, drawing parallels to the company's history:
There's a bit of irony here because Wall Street was anti-Vanguard when they launched, some even said they were anti-American. Then Vanguard was initially anti-ETF and is now one of the largest ETF issuers in the world. “I mean, I think eventually they'll figure it out and change their minds.”

Related News  TRON Founder Justin Sun's Trades Revealed Hours Before Bitcoin's Big Rally

Dave Lavalle compared the current state of the crypto market to the ETF market in 2003/2004 and suggested that we could be on the verge of significant growth. Steve Kurz echoed this sentiment, claiming that the ten largest banks will enter the crypto market within the next year, potentially leading to corporate FOMO (Fear Of Missing Out).
The panel also discussed the possibility of an Ethereum ETF launching this year. Hougan believes there is a 50% chance of an ETH ETF launching by May, but thinks the bigger event is what's going on with BTC ETFs. Kurz, on the other hand, took a more optimistic approach, estimating the chance of the ETH ETF to be launched by the end of the year at 75% and declared this period as only the beginning of the crypto asset renaissance.
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#s#saEthereum Price Eyes Another Increase

Ethereum price gained pace above the $2,600 level and traded close to the $2,700 resistance zone. ETH traded as high as $2,681 before it started a downside correction.
There was a move below the $2,640 and $2,620 levels. The price declined below the 23.6% Fib retracement level of the upward move from the $2,472 swing low to the $2,681 high, like Bitcoin. However, the bulls were active near the $2,600 zone.

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Ethereum found support at $2,600 and is currently attempting a fresh increase. It is now trading above $2,620 and the 100-hourly Simple Moving Average.
Immediate resistance is near the $2,640 level. There is also a short-term breakout pattern forming with resistance at $2,640 on the hourly chart of ETH/USD. The first major resistance is near the $2,680 level. The next major resistance is near $2,720, above which the price might rise and test the $2,800 resistance.
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Popular YouTuber Tim Warren has begun liquidating his XRP portfolio, citing three major concerns with the blockchain project.
The price of XRP has underperformed relative to other major crypto assets in the past few months. While analysts continue to predict an imminent breakout and the XRP community continues to exercise patience, a few former XRP faithfuls are already giving up on the project.
Famous YouTuber Tim Warren is one among such previous XRP devotees. In a recent video, the former XRP enthusiast revealed three core reasons why he is liquidating his position in XRP. 

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Notably, Warren suggested that he will largely minimize his exposure to the cryptocurrency and will not ‘abandon it completely.’ He still believes there’s a chance that XRP will bounce back in the short term, although he remains bearish on the asset’s long-term prospects.

Three Reasons for Selling XRP

In the Tim Warren video, which has garnered over 38,000 views on X, the first reason why investors should consider selling XRP is because the cryptocurrency is losing an important race.
He outlined that XRP was previously viewed as the “banker’s coin” and looked set to be the rail for the banking system and institutional money flowing in the crypto space.
However, he argued that XRP is already losing this position to other projects like Chainlink, which already boasts a partnership with SWIFT and institutions managing over $600 billion in assets.

CryptoQuant Analyst Says Bitcoin's Bullish Indicator Turned "Green", Pointing to This Date for Strong Rally

Solana is showing signs of a potential double top pattern on its price chart — a bearish formation that could spell trouble for the short-term price action on the SOL/USD chart. This pattern, characterized by two consecutive peaks at approximately the same level, can indicate that a reversal from the current uptrend may be imminent.The price of SOL recently faced resistance near the $100.60 mark, where the second peak of the potential double top is forming. A failure to break through this level could see SOL retreating to find support
The first local target on the downside would be the $95.07 level, which previously acted as both support and resistance. A breach below this point may lead to a test of the more critical support at $77.08, a level that could be decisive for the medium-term market sentiment around SOL.
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4 cryptocurrencies under $0.10 to buy next week

Despite a significant list of positive developments for the crypto market coming out in recent months, many major cryptocurrencies have been experiencing a notable downturn in the opening weeks of 2024.
Still, while the prices are going down or have simply lost momentum compared to the final quarter of 2023 and are trading mostly sideways – such as the world’s foremost cryptocurrency, Bitcoin (BTC) – the industry is still rife with opportunity.
Additionally, the current trend is likely to reverse, at least temporarily, in a major way in a few month’s time as the Bitcoin halving is expected to take place and, looking at historical data, to take BTC and many other coins and tokens upward.
Still, the story of cryptocurrencies is not only one of Bitcoin, Ethereum (ETH), and other big names but also of the numerous small coins and tokens that can, and often have, make huge moves, and with that in mind, Finbold decided to look at the best digital assets below $0.10 to buy next week.

Shiba Inu (SHIB)
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The team behind Shiba Inu ecosystem seals a strategic partnership with K9 Finance, a Shibarium-based liquid staking (LSD) derivative platform.
As usual, the development was shared by Shiba Inu’s marketing lead, Lucie, in an X post yesterday. Lucie said K9 Finance has been added as an official Shibarium partner.
She also attached a snapshot showing that K9 has been officially added to the Shibarium partnership page.

4 Official Shibarium Partners

Following Shiba Inu and K9 Finance’s collaboration, Shibarium now has four official partners.
The list includes Naples-based fast food restaurant Welly, Shibarium developer Unification, Artificial Intelligence-focused project Bad Idea AI, and K9 Finance.
It is worth noting that the Shiba Inu ecosystem team has collaborated with these projects to expand its ecosystem and draw more traction to the SHIB token.
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Sei to Become Top L1? Ambition Revealed in Co-founder Interview 

In a new interview with cryptocurrency YouTuber Anthony Pompliano, Sei Labs co-founder Jay Jog highlighted what makes Sei’s layer-1 blockchain unique compared to its competitors. 
According to the founder, Sei’s EVM Parallelisation sets it apart from other layer-1 networks. Specifically, the infrastructure allows the blockchain to retain its high transaction speeds while also letting developers use the EVM. 

Jog explained that while Ethereum Virtual Machine (EVM) is a landmark technology, it was not built with scaling in mind. On the other hand, Jog said Solana scales blockchains to support greater thoroughput. Piecing this together, the founder said the ultimate aim for Sei is to scale EVMs as Solana did.  
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#sanor016CommUNITY @saBullish on Bitcoin: Global Survey Respondents Anticipate BTC Price Spike to $60K and Beyond in 2024
hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. More than half of the participants globally anticipate that bitcoin prices will hover between $30,000 and $60,000 during the halving period (around April 2024), while 30% foresee the price exceeding the $60,000 mark.

Bitget Survey Shows High Optimism Among Crypto Investors

Bitget’s latest survey shared with Bitcoin.com News, uncovers a robust conviction in bitcoin’s capacity to outdo its previous peak by 2024, with 84% of investors foreseeing substantial growth preceding the forthcoming halving occurrence. The approach adopted by Bitget for this survey facilitated a thorough grasp of the worldwide investor sentiment regarding crypto assets.
Engaging nearly 10,000 people from diverse regions, the study offered a broad perspective on the anticipated future value of bitcoin (BTC) and the crypto market at large. This varied group of participants highlights the extensive enthusiasm and hope placed in digital currencies as a legitimate investment option, mirroring a global agreement on the likelihood of significant market expansion.
The Bitget study on the impact of Bitcoin’s halving “provides valuable insights into the evolving landscape of cryptocurrency investment,” Gracy Chen, Bitget’s managing director remarked. “The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the bitcoin market.”
The survey’s results underscore a dominant belief among investors in bitcoin’s journey towards new price highs. With the anticipation of the fourth reward halving event as a pivotal juncture, the majority view this occasion as a critical turning point for the premier cryptocurrency, potentially propelling it to unprecedented levels.

#sanor016CommUNITY sanor016CommUNI@sanor016Where Will Bitcoin Halving Take BTC Price? Three Analysts Explained
The Bitcoin (BTC) halving, which occurs every four years, is known to be an important event in the cryptocurrency market. Historically, three previous reductions in new BTC supply led to price increases in the following months.
Clem Chambers, CEO of Online Blockchain, describes the halving as a very important and strategic force in the Bitcoin world. “This represents a fundamental shift driven by the principle that ‘code is law,’ as opposed to the complexities associated with ETFs that meddle with people's whims,” the CEO said.Chambers also noted that the halving is an immutable event, independent of human intervention, immune to conflicting opinions, hiccups or change in policy. “The significance of this fact for me is that it has much larger implications on the price dynamics of Bitcoin,” he added.
Referring to the impact of the previous halving, Chambers stated that this created an effect that pushed Bitcoin into a vertical rise. However, he believes that the current Bitcoin market reflects increasing efficiency where the effects of such events are integrated into price dynamics.

#sanor016CommUNITY #sanoBitcoin BTC Technical Analysis 2 FEB 2024: Bitcoin’s Bullish Horizon!
Bitcoin

Bitcoin

BTC $ 42,767.63  123.30 0.29%

 exhibits a promising uptrend, signaling a bullish momentum across various time frames.

Technical analysis reveals critical support and resistance levels, guiding short to long-term investment strategies.

“Bitcoin’s resilience in overcoming resistance levels underscores its potential for further gains,” analysts suggest.
This comprehensive analysis of Bitcoin’s technical landscape in 2024 highlights its neutral short-term outlook but underscores a bullish stance in the medium to long term.
Comprehensive Analysis: A Balanced Perspective
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$1 Million Bitcoin (BTC) Advocate Samson Mow Sends Crucial Message to Community

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#sanor016CommUNITY #saFollowing the anticipated consent, BitGo will serve as a qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a collaborative pledge to build a stronger and safer market structure. If the scenario changes in their favor, Hashdex Bitcoin Futures ETF will become a spot Bitcoin ETF and will rebrand as Hashdex Bitcoin ETF.
BitGo and Hashdex, the digital asset advisor for DEFI and a prominent global crypto-focused asset manager with $540M in AUM, have been collaborating for an extended period of time. As the foremost qualified institution custodian, BitGo is the optimal service provider to illustrate the principle of separation of custody.
Mike Belshe, the chief executive officer of BitGo, stated that Hashdex is fully equipped to facilitate institutional adoption of digital assets, including their spot Bitcoin ETFs, in Brazil. They will support their ETF applications for spot Bitcoin in the United States. Their primary aim is to establish the viability of incorporating traditional financial management risks, thereby instigating the subsequent stage of acceptance.

As the industry gains experience and institutional interest increases, large asset managers and investors will recognize ETFs as a lucrative investment option. Since 2013, BitGo has committed to providing certified custodial solutions specifically designed for digital assets. BitGo places significant importance on demonstrating the capability of distinguishing custody from trading with regard to fiduciaries.BitGo, one of the top crypto wallets, provides an exceptionally rated, secure, and upgradable wallet service with respect to the digital asset economy. It facilitates certified storage, staking, and trading, in addition to a central wallet infrastructure.
Since its inception in 2013, the organization has pioneered the multi-signature wallet. Additionally, it is the first digital asset company to target institutional clients. #sanor016CommUNITY @sanor016

#saRipple has around 39.9 billion XRP, currently locked in escrows and not part of the token’s circulating supply. On February 1, Ripple unlocked 1 billion XRP, valued at $500 million, keeping 20% of the total.
Each month, Ripple unlocks another 1 billion tokens. The company often retains only a fraction of it for its treasury, frequently selling the rest on the market. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value.
In February, Ripple held back 200 million XRP, consistent with prior months. This amount is now worth roughly $100 million, with each token priced at $0.50 by press time.
In particular, the company prepared this month’s selling activity by sending the 200 million XRP from ‘Ripple (22)’ to ‘Ripple (1)’. The institution controls both accounts, with the former being the unlocked escrow address and the latter used as its liquid treasury.
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