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China Bans Cryptocurrency Mining in Energy Overhaul
#Write2Earn

Beijing escalates crackdown on cryptocurrency mining, citing environmental concerns and excessive energy consumption.China Bans Cryptocurrency Mining in Energy Overhaul
Beijing has escalated its crackdown on cryptocurrency mining due to concerns over excessive energy consumption and potential environmental damage. As part of a comprehensive strategy for "higher level and higher quality" energy conservation, aligning with China's broader goals of pollution reduction and carbon neutrality, the updated implementation plan targets "virtual currency 'mining' activities."

China Targets Cryptocurrency Mining: Stricter Measures
The Beijing Municipal Development and Reform Commission, in collaboration with 11 other departments, released the updated plan with a specific focus on strengthening monitoring and imposing stricter measures for the classification and rectification of such activities. The objective is to decisively eliminate these operations.

This targeted approach marks a departure from China's previous blanket ban on cryptocurrency trading and mining in 2021. However, analysts caution that it may lead to the relocation of mining operations underground or offshore, posing challenges to complete eradication.

Following the initial ban, numerous Bitcoin mining operations moved to the United States, underscoring the global nature of the industry. Simultaneously, the United States is addressing the environmental impact of cryptocurrency mining. The Energy Information Administration, operating under the White House Office of Management and Budget, is initiating a program to collect data on the energy consumption of commercial crypto miners. This initiative aims to comprehend the sector's impact on the national energy landscape and guide future regulations or policies.

The heightened scrutiny on cryptocurrency mining underscores mounting concerns regarding its ecological impact.

Solana Chapter 2 Phone Receives 60,000 Pre-Orders

Solana's Chapter 2 phone is garnering widespread attention following the successful sales of its first edition, reaching 60,000 orders within just 3 weeks of pre-order availability.Solana Chapter 2 Phone Receives 60,000 Pre-Orders
Anatoly Yakovenko, co-founder and CEO of Solana Labs, revealed to The Block that Solana Mobile Chapter 2, the successor to Solana Mobile Saga, has amassed 60,000 pre-orders in less than 3 weeks.

Solana Mobile unveiled Chapter 2 on January 16, promoting the phone as featuring improved specifications and a lower price compared to the Saga. The pre-order price for Chapter 2 is currently $450, which is over half the price of the previous Saga model priced at $1000. Chapter 2 is expected to be shipped in 2025.

Initially launched in June 2022, Solana Mobile Saga had a price tag of $1000, which was later reduced to $599 due to sluggish sales. By December 15, 2023, the phone officially sold out following developments surrounding the Solana ecosystem.

The peak came when the memecoin Bonk announced a "super beneficial" airdrop for Saga buyers, propelling the smartphone into a hot item that sold out within just one week.

Related: Saga Phone Owners Receive an Airdrop from Access Protocol

Projects on Solana such as Mad Lads, Jupiter, Tensor, and Backpack quickly emulated Bonk's marketing strategy and announced airdrops for Chapter 2 buyers. With hopes of capitalizing on the success of the first edition, many individuals placed orders with the intention of making a profit rather than solely using the smartphone.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Binance Exchange Delists Four Coins: ANT, MULTI, VAI, XMR
By AZC News | 10 hours ago

Binance has announced the delisting of four coins, namely Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR), from its trading platform on February 20, 2024, at 3:00 AM (UTC).Binance Exchange Delists Four Coins: ANT, MULTI, VAI, XMR
Binance has announced the delisting of several trading pairs, including:

ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT

However, corresponding USDⓈ-M Futures trading pairs for XMR and ANT will continue to be available on the platform.

Register an account on Binance to enjoy reduced trading fees.

Important Notes
All trading orders will be automatically canceled once the corresponding pairs are delisted.

Corresponding Margin trading pairs will be removed at 6:00 AM UTC on February 16th, 2024.

Deposits of these tokens will be suspended at 3:00 AM UTC on February 21st, 2024.

Withdrawals of these tokens will be suspended at 3:00 AM UTC on May 20th, 2024.

Tokens delisted from the exchange may be converted to stablecoins for users from 3:00 AM UTC on May 21st, 2024. The proceeds will be credited to users' Binance accounts.

There will be separate notifications before tokens are delisted and converted to stablecoins.

Binance Simple Earn will remove the mentioned tokens at 3:00 AM UTC on February 19th, 2024.

Binance Loans will close all outstanding loan positions for the mentioned tokens at 3:00 AM UTC on February 18th, 2024. Users are advised to repay these loans before this time to avoid potential losses.

Binance Gift Card will remove the mentioned tokens at 3:00 AM UTC on August 22nd, 2023. Users should utilize gift cards containing these tokens beforehand to avoid any inconvenience.

Binance Pay will remove the mentioned tokens at 3:00 AM UTC on February 18th, 2024.

Binance will terminate Trading Bots service for the mentioned Spot trading pairs at 3:00 AM UTC on February 20th, 2024, if applicable.

Related: Binance Announces Listing of Ronin (RONIN)

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Genesis Files for Bankruptcy with U.S. Bankruptcy Court
| 14 minutes ago

Genesis Global Capital proposes bankruptcy, aiming to liquidate $1.6 billion in trust assets, including substantial holdings in Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.Genesis Files for Bankruptcy with U.S. Bankruptcy Court
Genesis suggests filing for bankruptcy
Genesis Global Capital, a crypto lending firm, has submitted a new request to the U.S. Bankruptcy Court in the Southern District of New York, seeking approval to liquidate around $1.6 billion in trust assets.

According to the filing, Genesis, a subsidiary of the Digital Currency Group, holds assets including approximately $1.4 billion in Grayscale Bitcoin Trust shares, about $165 million in Grayscale Ethereum Trust shares, and approximately $38 million in Grayscale Ethereum Classic Trust shares.

Additionally, the company has filed a separate motion to expedite the relevant deadlines, aiming to have the sale motion considered at the upcoming bankruptcy court hearing on Thursday, February 8.

Proposed Sale of GBTC

The proposal to sell GBTC shares is connected to the initial collateral Genesis transferred to Gemini through the Gemini Earn program. Some of these shares originated from the bankruptcy of Three Arrows Capital. Genesis is also pursuing legal rights to 31,180,804 additional shares (valued at around $1.2 billion) pledged to Gemini but not yet transferred, with ownership currently disputed in court.

Gemini, in response, referred to the filing as a significant advancement, especially following the approval of Grayscale Bitcoin Trust (GBTC) as an exchange-traded product (ETP) on January 10th.

Related: Outflow of GBTC Funds Approaching Depletion

Earlier this week, Genesis agreed to settle with the SEC by paying a $21 million fine from remaining funds after bankruptcy, resolving the agency's lawsuit related to the operation of the Gemini Earn program.

Google Allows Advertising for Bitcoin Spot ETFs
By AZC News | 5 hours ago

Google's search engine has revised its cryptocurrency advertising restrictions, now allowing advertisements for Bitcoin spot ETFs on the platform.Google Allows Advertising for Bitcoin Spot ETFs
In December 2023, Google updated some restrictions related to crypto advertising. As of now, the search engine has adjusted to allow advertisements for Bitcoin spot ETFs - a development approved by the Securities and Exchange Commission (SEC) in mid-January.

The current financial product advertising policy of Google states:

Google allows advertising of cryptocurrency trust funds within the United States, as long as the advertiser has successfully registered under Section 12 of the Securities Exchange Act using Form 10-12g. Reporting requirements... and any other local legal requirements must also be complied with. Advertisers must also be certified by Google.

This update will be effective from January 29, 2024.

It's noted that some asset management funds have begun promoting their Bitcoin ETF products on Google. Companies such as BlackRock, VanEck, and Franklin Templeton have been identified advertising through sponsored links in search results.

Google had nearly banned crypto-related advertising around 2018 but gradually lifted restrictions in recent years. In June 2021, Google started allowing advertising for exchanges and Web3 wallets in the U.S., while still maintaining a ban on Initial Coin Offering (ICO) promotions.

Related: The Positive Evolution of the Market: "Spot Bitcoin ETF" Google Searches Reach Their Peak

By August 2023, the leading search engine also permitted NFT advertising. Additionally, advertisements related to cold wallets were also given approval.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Binance Seeks to Reduce its Stake in the South Korean Exchange GOPAX
By AZC News | An hour ago

Binance Exchange is exploring options to divest part of its previous investment in GOPAX due to legal concerns raised by South Korean regulatory authorities.Binance Seeks to Reduce its Stake in the South Korean Exchange GOPAX
According to CoinDesk, Binance is currently in discussions to reduce its stake "within the next 1-2 months" in the South Korean cryptocurrency exchange GOPAX to address liquidity concerns following the collapse of FTX and concerns about compliance with local regulations.

Steve Kim, Binance's Director of Business Development for the Asia-Pacific region, stated that Binance aims to convert its loans to GOPAX into equity and then sell shares to other companies. This move is intended to alleviate debt issues within GOPAX. As a result, Binance, currently the largest shareholder, would drop to the second-largest position.

As previously reported, Binance acquired a significant stake in the GOPAX crypto exchange in February 2023, after the Korean exchange's parent company, Streami Inc, faced liquidity issues related to the bankruptcy of Genesis Global Capital, a lending platform, in January 2023. Genesis Global Capital was responsible for managing GOPAX's deposits.

The GoFi product was designed to generate profits for users who entrusted their digital assets to GOPAX. Since November 2022, GOPAX had temporarily suspended withdrawals of principal and interest from the GoFi service due to FTX's bankruptcy. Furthermore, Genesis's parent company, Digital Currency Group (DCG), is believed to be the second-largest shareholder in GOPAX and a key partner providing the GoFi product.

Binance is presumed to have intervened to inject capital into GOPAX to quickly resume withdrawal operations for customers. In exchange, Binance would own 72.26% of the South Korean exchange.

Related: Binance and Gulf Energy Launch Crypto Exchange in Thailand

Reasons for Binance Reducing its Stake in GOPAX.

Coinbase Loses Position on App Store Rankings
By AZC News | 42 minutes ago

Since late 2023, the cryptocurrency exchange Coinbase's app has dropped out of the top 16 rankings for leading financial apps on the App Store.Coinbase Loses Position on App Store Rankings
Coinbase Loses Position on App Store Rankings

In the past month, the Coinbase app has consistently fallen out of the top 16 rankings for financial apps on the U.S. App Store.

Rankings of some leading crypto financial apps on the U.S. App Store.

On December 1st, Coinbase was only ranked at 49th place on the App Store. By December 25th, the largest crypto trading app in the U.S. had rapidly climbed into the top 16, fueled by excitement over the impending approval of the Bitcoin spot ETF by the SEC.

Shortly thereafter, Coinbase began to lose its position, not only slipping out of the top 16 but plummeting to the 77th position as of today (January 30th).

Related: Coinbase Stands to Gain the Most from Bitcoin ETF Approval

Rebecca Stevens, an analyst at The Block, noted:

The decline in cryptocurrency prices, coupled with the emergence of new brokerage players, is impacting the popularity of the Coinbase app. This is not surprising.

The Bitcoin spot ETF, a much-anticipated keyword ahead of approval, has also undergone a similar shift. Contrary to the eager anticipation and multiple instances that made the market unusually sensitive, the price of Bitcoin, after the appearance of the spot ETF, experienced a significant "dump," weighed down by conversion pressure from Grayscale's GBTC.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ethereum Completes Dencun Upgrade on Sepolia Testnet
By AZC News | 28 minutes ago

The Dencun upgrade has been deployed on 2 out of 3 testnets following its successful implementation on the Sepolia testnet, gearing up for the upcoming mainnet release.Ethereum Completes Dencun Upgrade on Sepolia Testnet
Dencun has been successfully deployed on the Sepolia testnet in the early hours of January 31st, marking the second successful testnet release after Goerli on January 17th.

Overall, the Dencun upgrade is progressing according to the predefined schedule. The final testnet deployment, Holesky, is scheduled for next week on February 7th. Subsequent to a successful deployment, Ethereum developers will finalize the timeline for introducing Dencun to the mainnet, expected around February - March.

Initially scheduled for late 2023, Dencun faced delays due to various technical challenges and a lack of readiness from multiple client teams.

One anticipated feature that Dencun is expected to bring is proto-danksharding, aiming to reduce gas fees and enhance scalability by introducing a compressed data storage mechanism called "blobs."

While not officially confirmed, there have been hints that Ethereum developers are already discussing the next upgrade after Dencun. This upgrade, tentatively named Prague/Electra, commonly referred to as Pectra, follows the naming convention established with Cancun/Deneb, shortened to Dencun.

Related: Standard Chartered Forecasts ETH to Surge to $4K USD

Chart ETH

ETH/USD 4-hour chart on TradingView at 4:48 AM on January 31, 2024.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

SEC Accuses HyperFund Group of Fraud
By AZC News | An hour ago

SEC Accuses HyperFund Operators of Defrauding Over $1.7 Billion from Global Investors.SEC Accuses HyperFund Group of Fraud
SEC Accuses HyperFund Group of Fraud

The U.S. Securities and Exchange Commission (SEC) has recently announced criminal charges against individuals operating the $1.7 billion Ponzi scheme model of HyperFund.

The press release is posted on the SEC's website.

According to the indictment, Xue Lee and Brenda Chunga, also known as Sam Lee and Bitcoin Beautee, raised over $1.7 billion from global investors since June 2020.

During that time, the two individuals promoted HyperFund as an investment channel with attractive returns. However, in reality, the company operated as a disguised multi-level marketing scheme. By 2022, the project had unraveled, and investors seemingly suffered significant losses.

Gurbir S. Grewal, the head of SEC's enforcement division, stated:

Today's case is yet another example of non-compliance in the crypto space, promoting get-rich-quick schemes without providing investor protections required by federal securities laws.

SEC has filed a complaint in the Maryland District Court, accusing Lee and Chunga of violating anti-fraud and registration provisions of federal securities laws. The Maryland U.S. Attorney's Office has also criminally charged these individuals.

Related: Ripple Accuses SEC of Misrepresenting Facts in Lawsuit

As of now, Chunga has pleaded guilty and agreed to pay civil penalties as determined by the court.

HyperFund is one of the smaller brands in the network of fraudulent companies, alongside HyperCapital, HyperVerse, and HyperTech. Earlier this month, the U.S. government ordered the arrest and indictment of Rodney Burton, who embezzled over $7 million through a fraudulent investment program in HyperVerse.

The founders of HyperTech, including Lee and Ryan Xu, also established the company Bitcoin Blockchain Global in Australia. It is reported that this company is burdened with a debt of $58 million.

#pythonStaked PYTH Wallets Exceed 110,000 Mark
By AZC News | An hour ago

In the recent weeks, staking activity on the Pyth Network has experienced rapid growth, attracting over 110,000 participating wallets.Staked PYTH Wallets Exceed 110,000 Mark
The number of crypto wallets staking the Pyth network's token has surged past the 110,000 mark, demonstrating an exponential increase in interest over the past few weeks.

At the beginning of December, the count of Pyth token stakers was below 10,000. However, over the last month, there has been a more than tenfold rise in community members participating in Pyth governance staking.

The team attributes the surge in stakers to an upcoming official governance vote as part of the Pyth DAO.

"There is an upcoming first vote on the Pyth constitution, and the community is really rallying in anticipation of that vote," stated a Pyth spokesperson.

In November, Pyth initially introduced its token, rewarding community members contributing to the oracle network with a stake. The Pyth tokens, native to the Solana blockchain, can be staked for participation in the governance of the oracle network.

The number of PYTH staking wallets over time.

Speculations Surrounding Airdrop
The recent surge in Pyth staking could be linked to speculation, widely circulated by numerous crypto influencers, regarding potential airdrops for Pyth stakers.

Various influencers have suggested that Pyth might follow a trend similar to what was observed in the Celestia ecosystem, where stakers continued to receive rewards from projects utilizing its data availability solution. This speculation seems to have incentivized many to stake their tokens, although Pyth has not provided any official comment on these speculations.

Pyth operates as a decentralized oracle network, specializing in providing real-time, off-chain market data to blockchain applications. It is among the most utilized oracle services, particularly on the Solana platform, supporting over 200 protocols across different networks. Chainlink stands as Pyth's closest competitor.

How Much Bitcoin is Tesla Currently Holding?

In Tesla's Q4 report, the company maintains a steadfast Bitcoin investment of 9,720 BTC, demonstrating resilience amidst a varied financial performance that yielded a total revenue of $25.2 billion.How Much Bitcoin is Tesla Currently Holding?
In the latest financial reports, Tesla, the electric vehicle giant, disclosed impressive figures, with a total revenue of $25.2 billion and an operating profit of $2.1 billion. Noteworthy is Tesla's abstention from both Bitcoin purchases and sales in the quarter under review.
Securing its standing for the sixth consecutive quarter, Tesla currently holds 9,720 BTC in its Bitcoin portfolio. The company's initial venture into the world of Bitcoin took place in February 2021, spearheaded by CEO Elon Musk, who directed a substantial investment of $1.5 billion, triggering a significant surge in the cryptocurrency's value.

Building on this bold initiative, Tesla strategically liquidated a portion of its Bitcoin holdings to assess market liquidity, resulting in the remaining holdings being valued at approximately $1.99 billion by year-end. A pivotal decision unfolded in July 2022, as Tesla opted to sell 75% of its Bitcoin holdings, fortifying its cash reserves by an additional $936 million.

Despite Tesla's unwavering Bitcoin holdings, its quarterly performance has elicited mixed reactions. The fourth quarter witnessed a modest 1% year-over-year uptick in automotive revenue, yet both earnings per share and total revenue fell slightly short of market expectations, leading to a dip in stock value during after-hours trading.

Delving into Tesla's balance sheet unveils a comprehensive asset portfolio, encompassing cash, receivables, and solar energy systems, indicative of a diversified strategy extending beyond automotive sales.

Related: Outflow of GBTC Funds Approaching Depletion
The quarter showcased diverse performance across Tesla's divisions. While automotive revenues experienced marginal growth, the energy generation and storage segment reported an impressive 10% increase in revenue.

CZ Banned from Leaving the U.S Despite Agreeing to Pay 4.5 Billion USD
By AZC News | 3 hours ago

A federal judge rejects Changpeng Zhao's $4.5 billion bond request for travel to the UAE, compelling him to remain in the U.S. In light of a potential 10-year prison term, Zhao consents to refrain from appealing any sentence shorter than 18 months.CZ Banned from Leaving the U.S Despite Agreeing to Pay 4.5 Billion USD
Despite offering an unprecedented $4.5 billion bond, Changpeng Zhao, the former CEO of Binance, faces an obstacle in his attempt to leave the U.S. This comes in the aftermath of his admission of guilt to anti-money laundering charges, adding a significant chapter to the ongoing scrutiny of the cryptocurrency industry by authorities.

U.S. Authorities Bar Zhao's Departure Despite $4.5 Billion Binance Stake Proposal
Zhao, who relinquished his position at Binance in November 2023, has become embroiled in a complex legal situation with the U.S. justice system. His proposal to pledge his entire $4.5 billion stake in Binance.US in exchange for permission to travel to the United Arab Emirates was met with a firm denial from the U.S. District Court in Seattle. This denial underscores the gravity of the charges against him and the court's serious consideration of the case.

The ruling, outlined in a court filing by Judge Richard A. Jones of the Western District of Washington at Seattle, emphasizes the substantial financial offer made by Zhao in his bid for travel approval. Despite the magnitude of the bond, the court upheld its decision to confine Zhao within U.S. borders, citing the necessity to ensure his presence throughout the sentencing process scheduled for February 2024.

The court order states, "It is ordered that the condition permitting Defendant to return to the UAE pending sentencing is stayed until such time as this Court resolves the Government’s motion for review."
$BTC

Which is Your favorite Mobile Mining App?

1. #PiNetwork

2. #IceNetwork

3. #Avive

4. #PXRNetwork

5. #BeeNetwork

6. #cpen

7. #Celia

8. $XPLUS #XPLUS

9. #SatoshiLegacy

10. #azcoiner

11. #Overwallet

12.#athene_network

13. #PSENetwork

PEPE Coin Price Prediction for 2024!🚀🚀

Let's discuss PEPE Coin, an engaging digital currency known for its unique appeal. These coins stand out not just for their monetary aspect but also for the entertainment value they bring, resonating with internet trends.

Current Status of PEPE Coin: Presently valued at $0.00000158, PEPE Coin experiences minor fluctuations. Notably, a substantial $46 million worth of transactions occurred in a single day, underscoring widespread interest.

Prospects for PEPE Coin in 2023 and 2024:

$PEPE , a meme coin with a total circulation of 420,690,000,000,000, created a buzz in the crypto community. Launched on the Ethereum network on April 14, 2023, this frog-themed memetoken recorded over 1000 times returns in less than a week. It's essential to recognize that PEPE is a meme token lacking a core value, roadmap, or utility akin to Shiba Inu and Dogecoin, with its unique frog theme.

Price Forecast for December 2023: Anticipated prices range from US$0.000000715 to US$0.00000031, highlighting the predicted high volatility. Despite the absence of utility, PEPE could emerge as a noteworthy memecoin, boasting a market capitalization of approximately $300 million by the end of 2023.

2024 Price Forecast (January-December): Projected prices vary from $0.0000038 USD to $0.0000098 USD, suggesting an upward trend for PEPE in 2024, potentially reaching a market value of $400 million. Influential factors include additional stock market listings and heightened social media attention, particularly through figures like Elon Musk. It's crucial to acknowledge the speculative nature of these predictions due to the volatile characteristics of memecoins like PEPE.

If our updates add value, support us with a Tip. #pepe #pepecoin #memecoin
$PEPE $XRP

$PEPE 🚀 🚀Pepe Coin Price Prediction:
Can Reach $0.000002 in December?

With the buyers overcoming the recent pullback phase, the PEPE coin price skyrocketed with a trendline breakout rally. The trend accounts for a price jump of 45% over the past two weeks and reclaims the psychological mark of $0.0000015.

As per the trend-based Fibonacci retracement, the ongoing bull run challenges the hundred percent Fibonacci mark which may lead to a bullish breakout. In case of an outcome supporting the buyers and holders of pepe coin, the least momentum will prolong the prevailing up trend.

In such a condition, the breakout rally is expected to reach the overhead resistance of $0.0000019 accounting for a 16.6% gain.

Supporting the bullish possibility, the short-term memecoin price trend shows a rounding reversal with a spike in the intraday trading volume. Currently, the PEPE price trades at $0.00000162 with a minimal intraday gain to form a Doji candle reflecting an indecisive daily candle.

Is PEPE Price at Risk of New Correction? The anticipated rally in PEPE price could face intense supply pressure at $0.000019. This monthly resistance could pressurize the coin price for another correction. However, in such a correction, the coin holders can use the 38.2% or 50% to find a suitable pullback opportunity as the price has historically strong demand pressure.

Relative Strength Index: the daily RSI slope above 60% reflects market sentiment is Bullish

Moving Average Convergence Divergence: a Bullish crossover state between MACD and signal slope, reflects the buyers are traveling a recovery trend. #BinanceTokenDrop #PEPEPower #BinanceTokenDrop

Solana Price Prediction: SOL Replicates Uptrend, Targeting $80

1 SOL price continues to surge and extend gains beyond $70.

2 Buyers persisted in accumulating and targeting the $80 mark.

Solana price action produced the higher highs pattern and continued to surge over the past few sessions. The chart shows the continuation of the rally. SOL coin surpassed the swing hurdle of $70 and is targeting the $80 mark. Moreover, the price action highlights the buying momentum. Also, follow on buying was witnessed on the chart. Furthermore, the buyers are looking aggressive now and have trapped the sellers, which has led to a massive short-covering move in the past few sessions.

Solana price displays a bullish bias, and a positive trend signals the buying interest, where SOL continues to gather momentum and persists in extending the rally. In the past few sessions, Solana price continued to take support on the 20-day EMA mark and pulled back decisively, forming a clear higher high pattern. Additionally, the Solana coin surpassed the significant moving averages and traded in bullish trajectory.

The live price of Solana coin is $70.85 with an intraday gain of 12.90%, showing bullishness on the chart. Moreover, the trading volume increased by 13.63% to $4.15 Billion. However, the pair of SOL/BTC is at 0.00164 BTC, and the market cap is $30.31 Billion. Furthermore, analysts have maintained a buy rating and suggest a growth outlook for the upcoming sessions.

On the daily chart, the Solana coin witnessed a vertical spike from the lows of $20, and a sharp rebound led to reclaiming neutrality in recent sessions.

The RSI curve stayed in the overbought zone and formed a positive divergence, highlighting the outperformance on the chart.The MACD indicator shows a bullish crossover and formed green bars on the histogram, suggesting a favorable bullish outlook for the upcoming sessions.

Disclaimer: This article just for education not financial advise.

#Web3Wallet #Solana $SOL
FOLLOW PLS THANKS

Exciting JITO(JTO) Price Predictions!

Check out the chart showing JITO(JTO) consistent higher lows, hinting at a bullish future! The Pitchfork indicator suggests a potential surge to $6 soon, possibly even hitting $10 by the end of 2023 if the bulls take control!

Be cautious though, as the volume oscillator indicates a decrease in volume, and JITO(JTO) might seek support around $2.6. Watch out for market dormancy towards the month-end.

#JTO Price Predictions:

2023: Riding the current upward trend, JITO(JTO) is poised for significant growth. The chart signals potential highs of $6, and optimistic market sentiment could push it beyond $10 by year-end. Keep a close eye on the evolving dynamics!

2024: With Bitcoin halving, expect JITO(JTO) not to dip below $15 by year-end!

2025: Post-BTC halving effects may propel JITO(JTO) beyond $40, forming new resistance levels!

2026: Brace for a bearish sentiment; JITO(JTO) could dip to $32 amid a correction.

2027: Anticipate a bullish trend, with JITO(JTO) trading around $35 before the excitement of the 2028 Bitcoin halving!

2028: JITO(JTO) may surge to $43 as the crypto community's hope reignites with the approaching Bitcoin halving!

Stay informed, invest wisely!

#JTO #ORDIUSDT #Binance Tournament #BTCto40k $JTO $BTC $ORDI

Ripple’s XRP to Hit $1 Price Before 2024 Comes? Here’s What AI Predicts?

Ripple’s XRP to Hit $1 Price Before 2024 Comes? Here’s What AI Predicts
12:03 AM・Dec 9, 2023

ZyCrypto

XRP, like a handful of other altcoins, has had an interesting 2023. As the year comes to an end, many investors and traders are anticipating an exponential price ascent for the asset. We asked Google’s Bard AI if XRP could tap $1 on or before the 1st of January, 2024.

Although the AI tool maintains that XRP reaching $1 before 2024 is uncertain, a potential price spike will depend on several factors. Breaking down the current situation in the market and the potential scenarios that could play out, the AI tool puts the current market sentiment into perspective.

Bard reveals that although there’s notable greed, the overall sentiments are neutral. Notably, technical indicators in the market are leaning towards a potential bullish uptrend in the near term.

The possible scenarios are bullish and bearish. Part of Bard’s forecast ties back to the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). If the bullish case plays out, XRP could soar if Ripple wins the ultimate triumph in its long-standing legal battle against the SEC, as investors’ stance could become even more bullish.

“While some analysts predict XRP could reach $1 in 2024, most experts consider it unlikely. The SEC lawsuit and wider market conditions remain significant hurdles. However, a favorable outcome in the lawsuit or increased adoption could trigger a price surge, making $1 a possibility.”

Another bullish scenario could happen if the broader cryptocurrency market can trigger a price pump for all assets, including XRP.

At report time, XRP is trading for $0.66. The altcoin market is currently making an upward correction; as a result, the majority of altcoins are back in the green zone. Over the last 24 hours, XRP has recorded a 3.61% spike in gains. Although the market cap has corrected upwards, trading volume is still down by 18.73%.
#XRPBullRun $XRP