Hong Kong-based technology company Meitu recently announced a transition from loss to profit in its financial performance.Meitu Focuses on Subscription Model and Artificial Intelligence Growth in Developing Market ConditionsAccording to Meitu's Senior Investor Relations Manager Angela Kang, a significant portion of this profitability can be attributed to the company's subscription model, which protects revenue from significant fluctuations resulting from macroeconomic changes.In addition, the emerging AI industry has played a key role in Meitu's recent growth, not only by increasing subscriptions but also by providing a steady contribution to profits.Regarding the highly anticipated cryptocurrency investments, Kang explained that the company is considering a sale at an appropriate time, but there are no concrete plans to divest at the moment. #crypto2023 #cryptocurrency

The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, NFT marketplace, etc. There is also much wealth out there in the hands of whales.Today’s Ethereum price is $1,549.95, with a 24-hour trading volume of $4,784,786,376. Ethereum is up 0.32% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $186,388,910,762. It has a circulating supply of 120,254,932 ETH coins and the max. supply is not availableTable of ContentsCrypto NewsEthereum Price Prediction 2023-2032: Will ETH reach $8000 soon?EthereumETHMergeMERGEETH 2.0ETH 2.0BeaconBECNPOWPOWCryptopolitan_NewsBy Cryptopolitan_NewsCreated 24 days ago, last updated 3 days ago•27 mins readTable of ContentsEthereum Price Prediction 2023-2032Ethereum price analysis: ETH gains value at $1,549 as bullish momentum developsETH/USD 24-hour price chart: ETH price struggles as bulls take controlETH/USD 4-hour price chart: Bullish momentum strengthens as ETH nears $1,549What to Expect from Ethereum price analysisEthereum Recent News/OpinionsEthereum Price Predictions 2023-2032Price Predictions by CryptopolitanEthereum Price HistoryMore on the Ethereum NetworkEthereum MilestonesEthereum MiningHow do you get Ethereum?Ethereum Network History (2015-2022)Additional revenue streams from stakingConclusionEthereum Price Prediction 2023-2032Ethereum Price Prediction 2023 – up to $2,335Ethereum Price Prediction 2026 – up to $7,573Ethereum Price Prediction 2029 – up to $23,278Ethereum Price Prediction 2032 – up to $66,610“The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, NFT marketplace, etc. There is also much wealth out there in the hands of whales.Today’s Ethereum price is $1,549.95, with a 24-hour trading volume of $4,784,786,376. Ethereum is up 0.32% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $186,388,910,762. It has a circulating supply of 120,254,932 ETH coins and the max. supply is not available Ethereum price analysis: ETH gains value at $1,549 as bullish momentum developsEthereum price analysis shows a minimal surge in the past few hours.ETH/USD saw a slight retracement today.Resistance levels tested at $1,552 before retreating.Ethereum price analysis for October 13, 2023, shows that bulls and bears are struggling for control as the market is trying to find balance. ETH/USD is trading at $1,549 after seeing a bullish impulse in the last few hours. The bullish trend has been developing for the past 4-hours, with Ethereum’s price reaching a high of $1,553.For the past few days, ETH/USD has been facing strong bearish pressure, with buyers struggling to hold the $1,500 support level. The bulls have been able to push Ethereum’s price higher in the past 24 hours, but strong resistance at $1,552 is preventing further gains.ETH/USD 24-hour price chart: ETH price struggles as bulls take controlThe one-day chart for Ethereum price analysis shows that the bullish momentum is strong, and a further price increase is expected in the coming hours as bulls continue their rally. The buying pressure has been strong as more investors enter the market. The market opened today’s trading in bearish territory, with Ethereum’s price dropping to $1,552. But, as the day progressed, buyers stepped in and pushed the price higher.Technical indicators, such as the Moving Average Convergence Divergence (MACD), show strong bullish signs. The MACD line is above the signal line, and the Histogram is in positive territory, indicating that the bulls are gaining momentum. Similarly, the Relative Strength Index (RSI) is in the neutral region, indicating that ETH could drop slightly before continuing its upward trend. The Bollinger bands are expanding, which shows that the market is volatile and could see a big move in either direction. The upper Bollinger band is currently $1,715, while the lower band is $1,521.ETH/USD 4-hour price chart: Bullish momentum strengthens as ETH nears $1,5The four-hour Four Ethereum price analysis shows signs of a solid bullish trend, as the price has increased significantly. After the last price correction observed yesterday, the trend reversed in favor of the bullish side, as the bulls were leading the price chart earlier. Nonetheless, an upward trend has been observed in the last four hours, as the price has increased to $1,549The relative strength index (RSI) on a 4-hour chart is moving in the upper half of the neutral zone, with much more room for further bullish practice as the indicator trades at an index of 37.07. The histogram on MACD is green in color, as the signal line, which is above the MACD line indicates positive signs for ETH. The Bollinger bands on the hourly chart are expanding, indicating high volatility in the market. The upper Bollinger Band is located at $1,580, while the lower one stands at $1,530.What to Expect from Ethereum price analysisOverall, the Ethereum price analysis for today shows that bulls have taken control of the market, and ETH/USD could continue to surge higher if the buying pressure remains strong. The bears may try to push the price lower, but the bulls will easily overpower them. The resistance levels to watch for are $1,552 and $1,585. On the downside, support levels to watch for are $1,500 and $1,450.#Ethereum #crypto2023 $ETH

Hong Kong’s retail investor interest in virtual assets has experienced a significant surge in recent years, albeit a recent survey suggests that most retail investors take a short-term investment view relative to crypto assets.IFEC studyThis newfound enthusiasm for virtual assets emerges from a recent study published by the Investor and Financial Education Council (IFEC), a subsidiary of the Securities and Futures Commission (SFC), Hong Kong’s securities regulator. The survey found that 6% of retail investors in the city had entered the virtual asset market in 2023, as compared to merely 1% in 2019.Conducted from June to July of this year, the study encompassed 1,000 individuals aged between 18 and 69. The survey uncovered a trend toward crypto investing among retail investors who’ve been enticed by the allure of the emerging asset class. Intriguingly, every single one of the digital asset retail investors in the study held cryptocurrencies in their portfolios. Non-fungible tokens (NFTs) and stablecoins, while still relatively niche, were also present in the portfolios of 6% and 2% of investors, respectively.11% to invest in crypto within 12 monthsAnticipating a further uptick in interest, the IFEC report posits that 11% of those surveyed have intentions to invest in virtual assets or related products within the next 12 months. This indicates that the allure of virtual assets continues to exert its magnetic pull on investors in Hong Kong.Despite the growing interest, a noteworthy finding in the survey is that 75% of retail virtual asset investors admitted to their primary motivation being the pursuit of short-term gains. Simultaneously, 74% of these investors perceived virtual assets as a prevalent investment trend, and 73% cited the fear of missing out on popular investment opportunities as a driving factor. These statistics underscore the need for enhanced investor education within the sphere of virtual assets.Lack of regulatory awarenessAnother interesting aspect of the data which emerged from the survey was the finding that only 47% of all surveyed investors are aware of Hong Kong’s recently introduced virtual asset trading regulations, which came into effect on June 1.An additional facet of this investor behavior study was illuminated by research conducted by the Department of Applied Social Science at Hong Kong Polytechnic University (PolyU). This research, based on data from a separate IFEC report that surveyed 501 people from November to December of last year, revealed that many retail investors in virtual assets exhibited overconfidence in their judgment.These investors were also found to have a proclivity to overemphasize past information, lean heavily on readily available and easily recalled information, and overestimate personal intuition.With that in mind, Eric Chui, Head of PolyU’s Applied Social Science unit, advised virtual asset investors to adopt a more deliberate and rational approach. Chui emphasized the importance of building financial literacy and collecting high-quality market information to make informed investment decisions, while steering clear of irrational investment behavior and biases. #crypto2023 #CryptoTalks #crypto #cryptocurrency #cryptonews $BTC

In what direction will the price ofXRP move before it explodes to $5? Consensus PredictionsJaydee, a well-known #crypto analyst, has analysed the XRP/USD pair in depth, revealing several interesting technical patterns and signs. Crypto enthusiasts are waiting with bated breath for XP to make its next big move, and Jaydee has provided some observations that suggest two key price thresholds before a possible surge towards $5.Where Will The $XRP Price Go From Here?The following XRP 1-week chart was published by the analyst today, along with the following commentary: "XRP - PATIENCE & ignoring the news is key!" Let's have a bird's-eye view of this situation.The weekly chart is still creating 'hidden bullish divergence' on RSI/SRSI, even though the short term may look dangerous (even with all these meaningless news).Jaydee's discovery of a symmetrical triangular pattern in the XRP/USD logarithmic scale chart is the crux of her analysis. After a period of consolidation, the price will break out or break down from this chart pattern. A new bearish trend is indicated when the lower trendline is broken, while a new bullish trend is indicated when the higher trendline is broken.Inside this pattern, Jaydee emphasises the significance of the $0.4797 support level for the XP price. This price level coincides with the 61.8% Fibonacci retracement level, and the chart indicates strong support here.The 78.6% Fibonacci retracement level, which the analyst identifies as the bottom of the downtrend, is also highlighted. The chart indicates that XP may continue falling towards this area below $0.35. This lower Fibonacci level could define an important support point in the case of such a short-term decline.Jaydee pointed out in her tweet that the RSI and the Stoch RSI had created concealed bullish divergences. XRP/USD's RSI on the 1-week chart is 45.53, putting it in neutral area and not indicating an overbought or oversold situation right now. However, the RSI divergence tells a fascinating story.When the RSI is going downwards while the price is charting higher lows, this is an indication of waning negative momentum, which Jaydee draws attention to. This is a bullish indicator since it shows the downward momentum is beginning to wane, which could herald the start of a new bullish trend. The same trend can be seen in the Stochastic RSI reading of 7.66. In general, Jaydee is optimistic about XRP's prospects in the not-too-distant future.As a result of these technical indicators converging and the persistence of support at $0.4797, we may conclude that there are robust bullish undercurrents for the XRP price. However, one cannot rule out the possibility of #XRP seeing one final brief correction prior to a major bullish breakout. If these trends continue, Jaydee thinks it would be reasonable to increase prices by $1 (green arrow) to $5.increase prices by $1 (green arrow) to $5.Comments from the XRP Forum UsersJaydee further in the commentary, saying things like,"Scary on the daily chart (glad we knew that 12% correction was coming). Compared to its daily counterpart, the weekly chart looks very different.If Bitcoin ETFs are approved, more people will use it, and it will have more applications, but what does that mean for the future? "Charts will still play out," Jaydee told a user called Steven. There's a chance it'll have a 'wick' if you look at longer time periods.On a larger scale, however, the candle's close proximity to the body is more important than its wicks. This "noise" from the media would make Wicks irrelevant. Didn't many people become REKT by all this bullish news already?Jaydee was forthright when she said, "Nobody can predict timeframe or knows when we would start getting the next impulse move up" in reference to the $5 price target. The arrow is just stuck in the ground.Just a sec... Do you seriously consider us to be God?In response to a user's question, Jaydee elaborated,"It would if a body candle closes there," when asked whether a drop to $0.35 would constitute a lower low for XRP. However, wicks may proceed to that level.As of this writing, a single XP was worth $0.4821.

$BTC $ARKM $DOGE The volatility in the price of #bitcoin (BTC) is shaking the altcoins, and at the time of writing, the price is just below the $26,800 support. Recent news has increased volatility to some extent. However, a few hours ago, Ark Invest took a step that will support optimism once again. The ETF issuer company, which updated its application for a Spot Bitcoin ETF, is implementing the feedback received from the SEC. This means that approval is getting closer.With geopolitical risks, rising oil prices, and the Fed considering further tightening, we can return to #doge predictions since we have good news. Despite the BTC price shaken by miner sales today, the king of cryptocurrencies is trying to reclaim the $26,800 support. The daily close will be crucial for altcoins as well.It was expected that Dogecoin would lose the $0.06 support on October 9th. Miner sales reached a massive scale. The relaxation in demand on the futures side opened the door to losing support. However, the October 9th candle shows that the $0.055 support was strongly defended. If BTC also starts to recover above $27,200, it can quickly target $0.06.If they fail to do so, the bears will try to break the $0.055 support. If there are closings below it, a drop to the $0.05 support is possible. It is expected that this support will be defended by aggressive buyers, but the situation of BTC will also be decisive here.While BTC and most altcoins cannot rise as expected, TON Coin has shown positive divergence in the process. The altcoin backed by Telegram has strongly felt the power of the social media giant. Speaking of price, bulls were unable to keep TON Coin above $2.06 on October 7th. This indicates significant profit-taking in rallies.A small positive development in favor of the bulls is that the TON/USDT pair has managed to stay above the 50-day SMA ($1.96). If the price is going to recover, we may see a move to $2.18 and $2.32.However, in the opposite scenario, a movement towards $1.6 and then deeper lows may begin. Bitcoin is currently targeting a recovery of $26,800, increasing the likelihood of a rebound.#crypto2023

$BTC $ETH Hamas Crypto Funding Sparks Controversy as Coinbase CLO Takes a StandPaul Grewal strongly condemned the idea of supporting Hamas through any form of funding, including crypto.The WSJ reported that Hamas funded its recent attack with crypto.Hamas reportedly initiated a fundraising campaign on social media to encourage the public to deposit crypto into their accounts.Following the recent escalation between Hamas and Israel, Coinbase‘s Chief Legal Officer Paul Grewal condemned the idea of a fund to support the Palestinian resistance movement Hamas.What's happened in and to Israel is evil.  No funds should EVER be used to support Hamas or any other organization responsible–  whether those funds are in the form of fiat currency, gold, crypto or whatever. 1/3Hamas launched an attack on Israel on October 7, and Grewal shared that what’s happening in Israel is “evil.” He stated, “No funds should EVER be used to support Hamas or any other organization responsible.” Moreover, he claimed that it doesn’t matter if those funds were in fiat, gold, or cryptocurrencies.The attack was sudden, and according to the Wall Street Journal, Hamas’ attack was financed with…The post Hamas Crypto Funding Sparks Controversy as Coinbase CLO Takes a Stand appeared first on Coin Edition.

I stopped experiencing losses since i started making use of the trading strategies from {{ELLA-ONFROYFX}} on ((INSTA͡✺GRAM)) , i have always been on profits since thenFamous crypto company Santiment, which analyzes thousands of cryptocurrencies and their social measurements, recently released statistics on the activities of XRP whale investors.According to the data shared by Santiment, there has been a significant decrease in whale transactions compared to 2021 and 2022. In addition, important shark and whale addresses in the XRP Ledger (XRPL) appeared to have accumulated over 1.5 billion coins between October 2021 and the same period in 2023.According to the data mentioned in the tweet above, the total value of XRP held by whales as of October 9, 2022, was $7.16 billion. This incredible accumulation amounted to a total of 13.8 billion XRP at an average price of $0.52, considering the mentioned dates.Another event caught the attention of market participants. The obtained data stated that an additional $730 million was spent to acquire more XRP tokens, which increased the value of the aggregated whale investment funds to $7.89 billion.When the data shared by Santiment, XRP price was trading at $0.51. Based on this price, the total amount of XRP that could be obtained with $7.89 billion would be approximately 15.4 billion coins. Considering the amount of XRP accumulated between October 2022 and 2023, there has been a noticeable increase of approximately 11.6%, resulting in an additional 1.6 billion XRP being obtained.It is worth noting that with the accumulation by whales in XRP, they have acquired an additional 2% of the total supply. The value, which was 24.1% in October 2022, has now risen to 26.8%.According to the Santiment chart, the date when whales took action is noteworthy. This date leads to November 2021. This date coincides with the emergence of FTX.In addition, according to the charts, the percentage of XRP supply owned by these whale investors increased from 24.28% to 25.96% between November and December 2021. The percentage increase indicated that these addresses accumulated 960 million XRP within two months.#CryptoTalks #crypto2023 #crypto #XRP $BTC $XRP

With 200 days to the next Bitcoin halving, BTC is -60% below its all-time high (ATH), mirroring past trends.In 2016 and 2019, 200 days before their respective halvings, BTC was -65% and -60% below its ATH.Despite current market sentiments, Bitcoin seems to be treading on historically familiar grounds, hinting at potential cyclic consistency.The crypto community is abuzz with anticipation as Bitcoin’s next halving is a mere 200 days away. This pre-coded event, which sees the block reward for miners halved, has historically been a significant catalyst for Bitcoin’s price movement. An analysis of Bitcoin’s price 200 days before its past halvings reveals fascinating insights.Rewinding the clock to 2016, 200 days before the halving, Bitcoin’s price was lagging at -65% below its ATH. Fast forward to 2019, and the pattern was strikingly similar, with BTC sitting at -60% below its ATH, 200 days before the halving.Today, as we stand 200 days away from the 2023 halving, Bitcoin’s price is, yet again, roughly -60% below its ATH. This paints a picture of a remarkably consistent pre-halving pattern over the years.For investors and crypto enthusiasts, this could signify a couple of things. One, even though it may feel like Bitcoin’s price movement is stagnant or underwhelming currently, it’s, in fact, echoing its historical behavior. Second, if the past is anything to go by, the post-halving period could usher in notable price surges, drawing from the trends observed after the previous halvings.While the crypto market is inherently volatile and past performance isn’t indicative of future results, these patterns provide a hopeful perspective to HODLers and potential investors alike.#BTC #crypto2023 $BTC

Shytoshi Kusama, while replying to a message, now says Shibarium plans to change how the layer-2 solution onboard their validators in light of recent changes that saw the platform increase rewards. Kusama, the anonymous co-founder of Shiba Inu, the network supporting Shibarium, said the plan is to onboard the “right folks to scale” but will “remain quite behind the scenes” as they didn’t want to reveal their complete strategy.Kusama’s comments were shared on X by Shibarium’s representative, who claims to be their marketing strategist, going by the handle “LucieSHIB.” When writing on October 9, it remains unclear what Shibarium has in the works to scale. It is already a layer-2 scaling platform designed to scale and process transactions speedily and at lower fees inherently.Shibarium is a platform that uses a sidechain to process transactions since it is a Polygon hard fork. This makes it suitable for fast and cheap transactions powered by the BONE token. To ensure security, Shibarium relies on a web of decentralized validators to confirm that no invalid transactions are submitted to the Ethereum mainnet. Like Polygon and Ethereum, Shibarium has integrated the EIP-1559 standard, a feature developers claim will lead to “more predictable gas fees” in an environment where BONE is deflationary.Validators must tie 10,000 BONE to Shibarium’s staking management contracts on Ethereum. For being a validator, the Shibarium platform rewards the node operators for ensuring transactions are valid and keeping the network decentralized, thus secure. Shibarium has set aside 21 million BONE to reward validators and delegators contributing to the ecosystem’s security. A notable structure is that all delegated BONE are distributed to the 12 Shibarium validators. According to trackers, Shibs of the Round Table and Burn Baby Burn are the top validators. In total, 25.9 million BONE have been staked, with blocks being confirmed on the Ethereum mainnet roughly every 23 minutes. Even though more users are locking their BONE either as delegators or validators, there has been a slowdown since the sidechain deployed. The number of new accounts created has contracted from around 150 on September 10 to below 20 as of October 8. Additionally, there are approximately 500 active accounts as of October 8, down from the over 1,500 recorded on September 11. The cool-off has also seen the number of new transactions drop, which lowered demand and impacted a considerably lower transaction fee.Feature image from Canva, chart from TradingView #crypto2023 #Shibainu $BTC $SHIB

The escalating Israel-Hamas conflict is causing fluctuations in global financial markets, affecting stocks, cryptocurrencies, and commodities. Image by timyee on Adobe StockGlobal markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious metals.Financial markets are facing these new challenges amid pre-existing concerns about the Ukraine-Russia conflict, surging inflation rates, and increasing interest rates. U.S. stock indices, including the S&P 500, Dow Jones, Nasdaq, and Wilshire 5000, saw declines in their numbers earlier today. While the indices closed positively last Friday, the situation turned unfavorable following the Israel-Hamas war.Bank of Israel responded to the crisis by announcing its plans to sell up to $30 billion in foreign currency to maintain market stability. Additionally, Israeli government bonds dropped, with the 2120 Hundred Year bond declining by 5.3 cents on the dollar, hitting a record low.Oil and precious metals have traditionally acted as safe havens during times of geopolitical unrest. This trend holds true in the current Israel-Hamas conflict. Both U.S. crude oil and Brent saw substantial upticks, and this has broader implications. The Organization of the Petroleum Exporting Countries (OPEC) recently raised its output projections to 116 million barrels per day by 2045, a hike of 6 million BPD from last year. On Sunday during the opening session of the Middle East and North Africa Climate Week in Riyadh, Saudi Arabia’s energy czar, Prince Abdulaziz bin Salman, mentioned that OPEC is adopting a “precautionary approach.” With the Israel-Hamas war escalating, there are discussions about further scaling back oil output.Susannah Streeter, Hargreaves Lansdown’s head of money and markets, stated, "The shocking attacks in Israel have sent the price of oil soaring, as investors assess the potential for the conflict to disrupt supply in the Middle East, if other countries are drawn in."If other nations get involved in the Israel-Hamas war, the ripple effect could impact global oil supply chains, further driving up prices and adding to inflationary pressures that are already a concern for global economies.While cryptocurrencies have often been touted as "digital gold," their performance during the Israel-Hamas conflict suggests otherwise. The total market cap of cryptocurrencies experienced a decrease of 2.04% against the U.S. dollar. Major cryptocurrencies like Bitcoin and Ethereum followed the downtrend, shrinking by 1.7% and 2.46% respectively against the U.S. dollar during early trading hours.Geopolitical strategist Tina Fordham told Reuters, "Typically the most sensitive asset classes to geopolitical risk are emerging markets, commodities, and currencies – and, true to form, we've seen hits in all of those areas."Currencies also felt the impact of the conflict. Israel's national currency, the shekel, weakened sharply against the U.S. dollar, which rose by 2.96% to 3.952 shekels. Gold, often considered a safe haven, saw demand rise by around 1.39% to $1,858 an ounce. Silver edged up by 1.23% at 3:00 p.m. (ET).The Israel-Hamas conflict has brought into sharp focus the sensitivity of global financial markets to geopolitical events. While the immediate financial implications are evident across asset classes, the long-term effects are unknown. #BTC #crypto2023 #bitcoin $BTC

In a bold move to tackle the power dilemma in Africa, where nearly 600 million people (43%) remain without electricity, startups are exploring innovative solutions. Gridless Compute, an African Bitcoin mining startup, stands out by harnessing the power of crypto-mining to electrify rural communities, according to bitcoinke.Instead of the conventional grid, villages are turning to renewable minigrids ranging between 20kW and 1MW. These smaller communities often miss out on power connections due to low consumption. Private power suppliers find itunprofitable to extend their services to areas with little demand.The Green Africa Mining Alliance (GAMA) highlighted the need for minigrids in Africa to increase from 3,100 in 2021 to 160,000 by 2030. This would demand an investment of $91 billion over the next decade. Current development rates are lagging, potentially reaching only 44,800 minigrids by 2030.However, Gridless presents a novel solution. Having secured a seed investment of $2 million in December 2022, the startup acts as the primary tenant for electricity projects in these regions. It establishes Bitcoin mining stations to ensure a steady demand for power. In essence, Bitcoin mining guarantees a consistent energy demand even before the rest of the community connects.Gridless collaborates with renewable, rural energy generators, helping them monetize their full capacity. This partnership ensures sustainability and offers the villages a reliable power buyer, creating win-win scenarios for both parties.Interestingly, Bitcoin mines have a unique advantage. Their location-flexibility makes them perfect for rural settings, especially when the energy is free and uncontested. Gridless operates in Kenya and is affiliated with the Green Africa Mining Alliance, joining ranks with QRB in Ethiopia, Trojan Mining in Nigeria, and Sukuma Ventures in Kenya.As Gridless emphasizes, as power demand in a village rises, the role of Bitcoin mining can be scaled down or even phased out, always ensuring the community's needs come first.#BTC #crypto2023 #bitcoin $BTC

Crypto Eri, a well-known figure in the cryptocurrency community, directly reached out to Elon Musk on X, seeking clarification on whether the account suspension was an error.The account in question — Digital Asset Investor.XRP — was recognized for its outspoken advocacy of XRPXRP$0.52, the asset of the XRP Ledger blockchain. Various controversies and legal disputes have long surrounded XRP, notably a lawsuit by the United States Securities and Exchange Commission (SEC)claiming that XRP is an unregistered security.However, XRP has sustained a committed group of backers who remain optimistic about its future. Digital Asset Investor.XRP served as a space for XRP enthusiasts to exchange information and perspectives and participate in conversations about cryptocurrency.Although some individuals have defended Musk, suggesting that the suspension was a precautionary measure to prevent potential scammers, the absence of any response from X officials has given rise to speculation.In reply to a remark proposing that the suspensions were a measure to deter scammers, Crypto Eri remained steadfast in her belief that the account’s suspension was unjust: #XRP #crypto2023

Bitcoin, which had a good start to October and rose to $28,500, fell back to $27,000.While there is a difference of opinion among analysts about the direction of BTC, some expect an increase and some expect a decrease.Speaking to The Block, CryptoQuant Analyst Adam Mourad evaluated Bitcoin's price movement.Stating that short-term Bitcoin investors sold during the week, CryptoQuant analyst said that long-term Bitcoin investors bought the sold BTCs.Stating that Bitcoin found support above $ 27,000 as long-term investors bought, the analyst said, “The decline was due to short-term investors making profits and starting to sell when Bitcoin reached $ 28,500.”“Long-term Bitcoin investors bought from the sales of short-term Bitcoin investors during the week. With this purchase, BTC created a support level at 27,100.At this point, the supply held by long-term investors is at the level of 15.6 million BTC.“In stark contrast, the supply held by short-term investors fell to 3.8 million Bitcoins, a level not seen since November 2015.”The analyst pointed out that the short-term profit and loss measurement also showed that the short-term investor group sold with a profit at the beginning of the week, saying, “Short-term investors took the opportunity to secure their profits or limit their losses by choosing to benefit from Bitcoin's upward momentum, especially its rise to $ 28,500.” ” said.Finally, the analyst added that long-term Bitcoin investors continue to accumulate.*This is not investment advice.#crypto2023 #Bitcoin #BTC #CryptoTalks #BTC #cryptocurrency