Another big player in the investment world is diving into Real World Assets (RWA). L&G, a pensions company from London that manages $1.5 trillion in assets, just announced they're planning to tokenize their funds. Their head of trading mentioned that this move could help make the industry more efficient, cut down on costs, and offer more investment options.
BlackRock also chimed in, saying their aim is to shift trillions of dollars from traditional finance (TradFi) to decentralized finance (DeFi) through the use of Real World Assets. #RWA!
Short-Lived Cardano Pullback, New ADA Rally?
Bulls powered a Cardano (ADA) resurgence after a recent drop. Traders and investors are optimistic after the cryptocurrency recovered from a temporary downturn.
Cardano is exhibiting indications of increasing momentum, setting it for rises toward $0.4233. Bulls must now continue this rally to take ADA to new highs.
With the uptrend underway, this article will examine ADA's recent price action and how the bulls reversed the dip and started a fresh rise. It will assess the bullish trend, important support and resistance levels, and near-term upward momentum.
How Cardano Reversed the Pullback
On the 4-hour chart, Cardano is bullish, holding above the 100-day SMA with many green candlesticks. As long as the price stays above this level, bulls will likely keep control and maybe make further gains.
After falling to 53%, the 4-hour Relative Strength Index (RSI) rose to 63%. Bullish momentum suggests market purchasing pressure is rising. RSI is currently below overbought zone, but the upward trend suggests greater demand and might lead to more higher.
Cardano is also seeking to break over the 100-day SMA, a significant resistance level, on the daily chart. Surpassing this SMA may imply a more bullish trend and enhance investor confidence, luring additional purchases. ADA breaking this barrier may change market sentiment and boost prices.
The daily RSI is over 50%, suggesting a bullish trend for ADA. This indicates significant momentum and trader excitement in ADA's price potential, as buying pressure exceeds selling pressure.
Check Support and Resistance Levels in Coming Days
A breakthrough over $0.4233 might imply a stronger rally and increase buying activity. ADA will see heavy resistance at $0.5229 if it exceeds $0.4233. Clearing this level boosts positive pressure, which might raise price objectives if market sentiment improves.
#Cardano #Ada $ADA
{spot}(ADAUSDT)
The hacker behind the KyberSwap breach made a move today, sending 2,200 $ETH (worth $5.83 million) to Tornado Cash after being quiet for seven months. The original hack took place on November 23, 2023, when the attacker managed to steal $48.3 million worth of crypto from several networks, like Arbitrum, Optimism, Ethereum, Polygon, and Base.
So far, they’ve managed to mix 7,200 ETH (around $17.23 million), but there's still 12,306 ETH (worth about $32.2 million) spread across 16 different addresses.
$SCR
The SCR has recently fluctuated between 1.04 and 1.24, with the current price hovering around 1.08. This 20% price range suggests moderate volatility, and the current midpoint position indicates a delicate balance between buying and selling pressures.
Retreating 13% from its recent peak may signal correction or profit-taking, while the 4% rebound from the recent trough reveals some buying interest and potential support. The dynamics between these key levels will shape the SCR's future trajectory.
The support level of 1.04 and resistance level of 1.24 are critical thresholds to watch. A breakout above 1.24 could propel the SCR upward, targeting 1.40-1.50, while a breakdown below 1.04 may precipitate a decline to 0.90-0.95.
{spot}(SCRUSDT)
#scr #Write2Earn! #ScrollOnBinance #XRPDonationsUSElections #UptoberBTC70K?
🚀 Crypto fans, rejoice! Rep. French Hill, chair of the House digital assets subcommittee, is "still optimistic" about two key crypto bills making headway before year's end. 🏛️
- FIT21, the regulatory framework bill, and the stablecoin bill are on the table.
- Hill's optimism hinges on the lame-duck session post-Nov. 5 elections.
- The bills aim to give more power to the CFTC and set a stablecoin framework.
- If Congress doesn't pass them, they'll be top priorities in the next session.
Stay tuned, crypto enthusiasts—2024 might just start with a bang! 🚀
🚀 **Paul Tudor Jones Goes Long on Bitcoin!** 🚀
Billionaire investor Paul Tudor Jones has made waves by declaring his bullish stance on Bitcoin during an interview with CNBC on Oct. 22. He emphasized that "all roads lead to inflation," and revealed his investment strategy includes a mix of gold, Bitcoin, commodities, and Nasdaq, while holding zero fixed income.
Jones believes decentralized assets like Bitcoin could become even more attractive as a hedge against inflation, which he sees as inevitable due to the U.S.'s high debt-to-GDP ratio.
Bitcoin recently came close to its peak price, hitting $67,000, showcasing its resilience and potential as a store of value. 🌟
Stay tuned, BTC enthusiasts! 🌐
**Crypto Bills Could Move Forward in Congress, Says Rep. French Hill**
U.S. Representative French Hill, chair of the House digital assets subcommittee, remains hopeful that two key crypto bills could advance before year-end. Speaking at DC Fintech Week on Oct. 22, Hill highlighted the Financial Innovation and Technology for the 21st Century Act (FIT21) and a stablecoin regulatory framework as potential candidates for the lame-duck session.
- **FIT21**: Aims to provide a regulatory framework, currently stalled in the Senate.
- **Stablecoin Bill**: Passed by the House Financial Services Committee but also stalled.
Hill emphasized that the outcome of the upcoming Nov. 5 elections could influence the bills' progress. If not passed, these will be priorities for the 119th Congress. CFTC Chair Rostin Behnam and Tether CEO Paolo Ardoino echoed the need for clear crypto regulations. Stay tuned as the U.S. heads to the polls!
GalaChain Develops a Decentralized Network to Boost Token Value🔥
GalaChain
In collaboration with LF Decentralized Trust, a technical document (whitepaper) has been prepared for the decentralization of the network. Here, the goal is to increase the security, scalability, and flexibility of GalaChain for further growth. comprehensive roadmap outlines a four-phase strategy.
Transition from Raft to BFT
The network will transition to a different structure from the Raft consensus mechanism. The Byzantine Fault Tolerance (BFT) algorithm is a structure heavily utilized by decentralized networks, focusing on decentralization. The aim is to enhance security while reducing fault tolerance.
Global Distribution
Geographical distribution of servers is crucial for decentralization. With GalaChain, the network will become more secure and decentralized,transforming into a truly international platform for decentralized applications (dApps).
Gala Founder Nodes
The decentralized architecture will leverage over 40,000 existing Gala Founder Nodes to create a more diverse and flexible network. Founder Node operators will play a significant role in the new consensus process, participating as validators and being rewarded for their contributions to the stability and performance of GalaChain. This also signifies incentives for involvement.
GIPs
Improvement proposals with different abbreviations, such as Ethereum $2,612‘s EIP, are emerging for Gala. This step is vital for expanding GalaChain’s capabilities and fully implementing decentralization.
Gala and Decentralization
Networks are becoming decentralized to avoid legal issues and because they see the future in it. This opens the door to networks that can be governed by the community. Decentralized structures are crucial in crypto for self-sustainable growth and fair distribution of gains to the community.
Time will show how successful this will be for Gala.if a fully decentralized structure can be built and network development continues steadily, it will support the GALA Coin price.
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$NEIRO /USDT Technical Analysis: A Bearish Outlook
🔑Key Insights:Short-Term Trend: NEIRO/USDT is currently in a short-term downtrend, as indicated by the lower lows and lower highs on the price chart.
📌Support and Resistance: The 24-hour low of 0.00161500 acts as a key support level. If the price breaks below this level, it could signal a further decline. On the upside, the 24-hour high of 0.00215418 serves as a resistance level. A break above this level could indicate a potential reversal.
💡Bollinger Bands: The Bollinger Bands are relatively wide, indicating increased volatility. The price is currently trading below the lower band, suggesting a strong bearish momentum.
🔍Volume: The 24-hour volume for NEIRO is relatively high, indicating strong interest and potential for further price movement.
🚦Trading Signal:Based on the current technical analysis, a strong sell signal is generated for the NEIRO/USDT pair. Traders can consider entering a short position with a stop-loss above the recent high of 0.00215418 and taking profits at the 24-hour low of 0.00161500 or lower.
#Therapydogcoin #ScrollOnBinance #XRPDonationsUSElections #UptoberBTC70K? #APTSurpassesSUI
{spot}(NEIROUSDT)
🚀 Crypto Drama Alert! 🚀
Vitalik Buterin, Ethereum co-founder, just called Michael Saylor's latest Bitcoin custody advice "batshit insane." 😱
Saylor, the MicroStrategy founder, suggested BTC holders should trust big banks for custody. Buterin and other crypto enthusiasts aren't having it. They argue self-custody is key to decentralization and security.
Erik Voorhees chimed in, saying self-custody prevents centralization and corruption.
What do you think? Big banks or self-custody? Drop your thoughts in the comments! 💬
#CryptoDrama #Bitcoin #SelfCustody
На дневном графике актива BTC/USDT мы наблюдаем формирование симметричного треугольника. Это классическая фигура продолжения тренда, которая указывает на фазу консолидации рынка перед возможным сильным движением.
Уровни поддержки и сопротивления: Нижняя линия треугольника выступает в роли поддержки около 64,000 USDT, а верхняя граница около 68,000 USDT представляет сопротивление. Пробой одной из границ укажет на дальнейшее направление движения цены.
EMA (50 и 100): Скользящие средние, находящиеся под ценой, продолжают поддерживать бычий тренд. Этот фактор указывает на сохраняющуюся силу покупателей.
Прогноз: В ближайшие дни ключевым будет наблюдение за пробоем треугольника. Если цена закрепится выше 68,000 USDT, возможно продолжение восходящего тренда с целями около 72,000 USDT и выше. Однако пробой вниз может привести к снижению до 60,000 USDT и ниже.
Рынок остается волатильным, и важно следить за дальнейшими сигналами для подтверждения направления движения.
$BTC
{future}(BTCUSDT)
🔥 $REI /USDT – CRITICAL LEVELS UNVEILED! Is a Breakout Imminent? 🔥
📊 Chart Breakdown:
REI/USDT is currently trading at 0.05981 USDT after a recent pullback. With the price range tightening, volatility is expected to surge. We’ve got a classic test of support and resistance, signaling a potential explosive move soon!
💡 Key Levels to Watch:
• Immediate Resistance: 0.06373 USDT – A break above this could lead to a rally toward 0.06550 USDT.
• Strong Support: 0.05709 USDT – This level needs to hold; otherwise, we could see a drop to 0.05500 USDT or lower.
📈 Entry Strategy:
• Long Entry: Buy at 0.06050 USDT if price confirms a breakout above resistance, targeting 0.06500 USDT.
• Stop Loss: 0.05850 USDT.
• Short Entry: Consider selling around 0.05900 USDT if price breaks below support, aiming for 0.05500 USDT.
• Stop Loss: 0.06050 USDT.
⚡ Don’t Blink! The market is poised for a big move—prepare your entries with caution!
{spot}(REIUSDT)
#GameFiTokensRally #UptoberBTC70K? #SECChairHailsBTCWhitepaper16th #BTCMiningDifficultyRecord #BinanceLabsInvestsLombard
🆘 What happened in Crypto in the last 12h? 🆘
• $GOAT - After the FUD around $GOAT was over, it rebounded and hit the $500M market cap again. As a result, the AI concept Memecoin is once again gaining traction.
• GameFi sector started to gain traction. $BIGTIME $PIXEL $SLP $BEAMX $MAVIA
• $ELX - Elixir Network has announced that mainnet phase 1will launch on Oct 31st. Details on the $ELX token will also be announced soon.
• $MANA - Decentraland has released the desktop client Decentraland 2.0.
Decentraland 2.0 adds improved performance, immersive experiences, quests and mini-games, and more.
• $LAI - LayerAI has announced the launch of AI Agent Launchpools, where AI agents combined with AI Memecoin will be released every week.
$LAI will be the counter-pair in memecoins created by these agents.
• $GALA - Gala Games announced the imminent TGE of $TREZ, GalaGames' Telegram Tapper game reward token, and released a new decentralized whitepaper on the transition to BFT consensus with GalaChain.
🚨 $AXS /USDT – CRITICAL LEVELS ALERT! EXPLOSIVE MOVE LOADING! 🚨
The AXS/USDT chart on the 15-minute timeframe shows strong volatility after a sharp price rise to the $5.45 region, followed by a rapid correction. Bulls are attempting to regain control, hovering around $5.27.
💡 Key Resistance: $5.45 USDT
If AXS breaks this level, expect a quick rally toward $5.50 or beyond. Buyers are likely to step in aggressively once we pass this threshold.
📉 Support Zone: $5.25 USDT
A breach below this could send the price plunging toward $5.15, which could lead to further selling pressure.
Entry Strategy:
• Long Entry: Consider entering around $5.28 with a stop loss at $5.22, targeting a move to $5.50 in the short term.
• Short Entry: If price fails to break $5.45, enter around $5.43 with a stop loss at $5.50, aiming for $5.15 in the downside move.
Stay sharp and prepare for potential moves in both directions!
{spot}(AXSUSDT)
#GameFiTokensRally #SECChairHailsBTCWhitepaper16th #BTCMiningDifficultyRecord #BinanceLabsInvestsLombard #UptoberBTC70K?
🚨 $CITY /USDT Approaching Key Levels – Breakout or Breakdown? 🚨
The CITY/USDT pair is presenting a crucial opportunity for traders as it hovers around $2.18 USDT. With recent rejections from higher levels and ongoing consolidation, tension is building for a decisive move. Let’s dive into the key zones.
💡 Critical Levels to Watch: 💡
Resistance: $2.214 USDT – A breakout here could push CITY toward the $2.24 USDT target, signaling a bullish move.
Support: $2.157 USDT – If CITY breaks below this level, we could see a drop to $2.12 USDT or even lower.
🎯 Entry Strategy:
• Long Entry: Above $2.214 USDT, with a target of $2.24 USDT. Place a stop loss at $2.20 USDT to manage risk.
• Short Entry: Below $2.157 USDT, with a target of $2.12 USDT. Set a stop loss at $2.18 USDT to protect your position.
Traders should remain vigilant, as volatility could quickly increase, driving rapid price movements!
{spot}(CITYUSDT)
#GameFiTokensRally #BTCMiningDifficultyRecord #BinanceLabsInvestsLombard #APTSurpassesSUI #UptoberBTC70K?
$SCR
The SCR has recently fluctuated between 1.04 and 1.24, with the current price hovering around 1.08. This 20% price range suggests moderate volatility, and the current midpoint position indicates a delicate balance between buying and selling pressures.
Retreating 13% from its recent peak may signal correction or profit-taking, while the 4% rebound from the recent trough reveals some buying interest and potential support. The dynamics between these key levels will shape the SCR's future trajectory.
The support level of 1.04 and resistance level of 1.24 are critical thresholds to watch. A breakout above 1.24 could propel the SCR upward, targeting 1.40-1.50, while a breakdown below 1.04 may precipitate a decline to 0.90-0.95.
#ScrollOnBinance #UptoberBTC70K? #UptoberBTC70K? #CMEBTCFuturesRecordHigh #APTSurpassesSUI
{future}(SCRUSDT)