As of today, October 17, 2024, the FTX Token (FTT) is trading at approximately $2.10, reflecting a notable rise of about 15% over the last 24 hours.
The token's price has fluctuated between $1.82 and $2.32 within the last day. Over the past month, FTT has gained around 67%, although it remains down by roughly 36% year-to-date, reflecting its volatile performance following the FTX exchange's challenges last year.
Technically, analysts note a potential bullish trend reversal due to price action breakouts and bullish divergence, which may spark further gains if momentum continues. However, the market outlook remains mixed with both buy and neutral signals, reflecting ongoing uncertainty. Key resistance levels are seen at $5 and $7
FTT remains an essential component of the FTX ecosystem, providing benefits like fee discounts and staking rewards, but its long-term viability remains tied to the exchange's recovery
$FTT
{spot}(FTTUSDT)
#FTXAuction #USStockEarningsSeason
TRON Price Analysis
TRON Can Hit $0.5
While the TRON price shows a steady upward trajectory, the journey to $0.5 will likely be gradual, Although short-term gains of around 8% are possible, technical analysis indicates that hitting the $0.5 mark in 2024 is unlikely unless significant market shifts or catalysts emerge. Investors should prepare for a slow, steady climb and manage expectations accordingly, as the volatile nature of the crypto market could still alter the TRX price trajectory in the future.
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The Arena raises $2M in a Pre-Seed funding round
#TheArena secures $2M in a Pre-Seed funding round from C² Ventures, D1 Ventures, Blizzard Fund, Abstract Ventures, Sarson Funds, AlphaCrypto Capital and angel investors. The Arena will use raised funds to scale the app to the next level.
The Arena is a #SocialFi application built on the #Avalanche blockchain that enables creators to connect, engage and monetize their content.
👉 x.com/TheArenaApp/status/1846280765031505921
_🚨⚠️🚨Nishad Singh Seeks Leniency Ahead of Sentencing for FTX Involvement_ ⚖️
$BNB $XRP $SOL 🌏⤴️🪙
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{spot}(XRPUSDT)
{spot}(BNBUSDT)
Former FTX engineering director Nishad Singh is requesting leniency in his sentencing, citing cooperation with federal investigators and limited role in the company's downfall.
_Guilty Plea_ 🤝
Singh pleaded guilty to:
- Wire fraud
- Conspiracy to commit fraud
- Conspiracy to defraud the US by violating campaign finance laws
_Cooperation with Authorities_ 🕵️♂️
Singh has been cooperating with investigators since February 2023, surrendering all FTX proceeds.
_Sentencing_ ⏰
Scheduled for October 30, Singh's lawyers seek no prison time, highlighting his selfless nature and commitment to responsibility.
_Comparative Sentencing_ ⚖️
Caroline Ellison, former Alameda CEO, received 2-year prison sentence in September 2024 after cooperating with authorities.
_Upcoming Sentencing_ ⏰
Gary Wang, former FTX executive, scheduled for sentencing in November after pleading guilty to fraud charges.
_Expert Insights_ 💡
"Cooperation with authorities can significantly impact sentencing decisions." - Legal Analyst
_Implications_ 🌐
Sentencing outcomes will have significant implications for the cryptocurrency industry.
_Source:_
Bloomberg
Date: October 2024
#FTXAuction #NishadSingh #BNBChainMemecoins #TelegramCEO #CryptocurrencyTravel
_Note:_ Cryptocurrency markets are highly volatile; data accurate as of October 2024.
Shiba Inu (SHIB) Getting out of Trillionaire Club?
Recent whale activity on Shiba Inu has sharply decreased, with large transactions falling to just 500 billion SHIB over the last seven days. This represents a sharp decline from the typical highs of four trillion SHIB and a significant change in the volume of transactions for the token.
Such a significant decline in whale
participation may have a significant
impact on SHIB's future price
movements. Whales, or large holders,
who own a sizable share of the
circulating supply frequently have an
impact on Shiba Inu token's price
trends. A decline in whale activity
suggests that these influential players
are either losing interest or are
holding out for more favorable market
conditions.
Liquidity may decrease as a result increasing SHIB's sensitivity to price fluctuations. Because smaller trades from retail investors may have a bigger impact on the market, this could result in increased volatility.
Shiba Inu might find it difficult to hold
its current price levels or generate any
significant upward momentum without
the help of whale traders. By injecting
significant amounts of capital into the
market, whales frequently boost
market sentiment. However, if they
disappear, Shiba Inu may be vulnerable to selling pressure,
particularly if overall market trends
turn negative.
The token may not necessarily tank in response to a drop in whale activity. The movement of prices is still largely determined by retail traders. There is a strong community for Shiba Inu, and the meme coin's demand can sustain its value. Whales may be replaced by retail demand if interest on the market picks back up.
The decline in whale activity is something to keep a close eye on in the near term, as it may cause more erratic price swings. However, even with the diminished participation of major holders, SHIB might be able to stabilize.
Активности от Tevaera
▶️ #activities
🤝Мы уже писали ранее про топовую игровую экосистему на zkSync Tevaera. Проект поднял $5 млн от Morningstar Ventures, HashKey, DWF и других.
👍Токен $TEVA должен выйти до конца этого года, а пока мы имеем возможность пофармить награды и $TevaTickets в их новой игре в Telegram.
▫️Что делаем?
• Заходим в игру - клик;
• Кормим Tevi трижды в день (10 $TevaTickets за каждое взаимодействие) и выигрываем $TevaTickets, золотые билеты, карма токены, которые конвертируются 1:1 в $TEVA на TGE и $ZK токены;
• За золотые билеты можно принять участие в розыгрыше Magical Phoenix NFT (~$144).
• Также принимаем участие в ежедневном бабл-поп;
• Дополнительные $TevaTickets можно получать за рефки, 7 дневные стрики и другие соц задания;
• К примеру, за скачивание игры Teva Run можно получить 350 $TevaTickets.
🗣Будете кормить Tevi?
😎DOUBLETOP — more than crypto
🚀🚀 BREAKING 🚀🚀
Top 3 Meme Cryptocurrencies That Could Double Your Investment!
In the ever-evolving crypto market, certain meme cryptocurrencies are capturing attention for their potential to deliver impressive returns. Here are the top three meme coins that experts believe could double your investment:
1. Shiba Inu $SHIB With a strong community and innovative projects in the pipeline, SHIB continues to garner interest.
2. Dogecoin $DOGE Despite being a pioneer, DOGE remains relevant due to its widespread acceptance and celebrity endorsements.
3. Floki Inu $FLOKI Leveraging the popularity of its meme origins, FLOKI is expanding its ecosystem with various utilities.
As the market evolves, these coins might just surprise investors with their growth potential. Are you ready to ride the meme wave?
Source: Watcher Guru
_🚨⚠️🚨Fracture Labs Sues Jump Trading for Market Manipulation_ 🚨
$DOT $LTC $WLD 🌏⤴️🪙
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{spot}(DOTUSDT)
A shocking lawsuit has been filed by Fracture Labs, accusing Jump Trading of market manipulation and deceitful practices related to the DIO token.
_Allegations_ 🤥
Fracture Labs claims Jump Trading:
- Artificially inflated DIO token value
- Dumped tokens, reaping millions in profits
- Concealed true intent to "pump and dump"
_Background_ 📊
- Partnership: Fracture Labs and Jump Trading launched DIO token on Huobi exchange in 2021
- Loan: Fracture Labs loaned Jump 10 million DIO tokens, worth $500,000
- Price surge: Token price rose to $0.98, valuing Jump's tokens at $9.8 million
- Price plummet: Token price dropped to $0.005 after Jump sold holdings
_Lawsuit Demands_ ⚖️
- Damages
- Profits made by Jump
- Jury trial
_Expert Insights_ 💡
"Market manipulation undermines trust in cryptocurrency markets." - Crypto Analyst
_Source:_
CoinDesk
Date: October 2024
#CryptocurrencyCulture #MarketManipulation #DOGSONBINANCE #Debate2024 #lawsuit
_Note:_ Cryptocurrency markets are highly volatile; data accurate as of October 2024.
**🚀 Exciting News in Crypto! 🚀**
Swarm, a leading RWA platform, has teamed up with Ordinalsbot to bring physical gold into the Bitcoin ecosystem! 🌟 Now, investors can own gold assets represented by unique serial numbers inscribed as ordinals on the Bitcoin blockchain.
**Key Highlights:**
- **Dual Gold Ownership:** Hold both physical and digital gold on one blockchain.
- **Global First:** Trade verifiable gold on-chain, compliant with MiCa regulations.
- **Innovative Storage:** Up to 3 years included, with global vault options.
- **Tokenization:** Create and trade gold NFTs starting at $1.
Join the conversation! What do you think about this groundbreaking initiative? Share your thoughts below! 👇
PORTO (Porto) is a cryptocurrency token that powers the Porto decentralized finance (DeFi) platform, focused on lending, borrowing, and yield farming.$PORTO
Key Features:
1. Decentralized Lending and Borrowing
2. Yield Farming and Staking
3. Governance and Decision-Making
4. Cross-Chain Interoperability
5. Non-Custodial Wallet
Token Details:
- Token Name: Porto
- Token Symbol: PORTO
- Blockchain: Ethereum (ERC-20), Binance Smart Chain (BEP-20)
- Consensus Algorithm: Proof-of-Stake (PoS)
- Total Supply: 100 million PORTO
- Circulating Supply: 50 million PORTO (approximate)
Current Stats:
- Market Cap: $10 million - $50 million (approximate)
- Price: $0.10 - $1 (varies)
- 24-hour Trading Volume: $100,000 - $500,000 (varies)
- All-time High: $5.23 (April 2021)
- All-time Low: $0.05 (March 2020)
Use Cases:
1. Decentralized Lending and Borrowing
2. Yield Farming and Staking
3. Governance and Decision-Making
4. Cross-Chain Interoperability
5. Non-Custodial Wallet
Partnerships:
1. Ethereum
2. Binance Smart Chain
3. Chainlink
4.
How Long Will TRX Price Take to Hit $0.5?
😎😎😎😎😎😎😎🚨
While many investors want to believe TRX hitting $0.5 is an easy feat, it’s likely not. As of October 2024, the asset is trading around $0.16 and is in a bullish rising channel. Data from Token Terminal shows TRON has recorded a significant increase in daily active addresses and revenue, which suggests the network is being used, often a bullish signal.
The TRON price has respected the rising channel since late 2023 and has not broken out in over 10 months. While the rising channel itself is a bullish signal, if its price doesn’t break out to the upside, it will take the asset long to hit $0.5.
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