Gate Ventures, the venture capital arm of Gate exchange, and the Blockchain Center in Abu Dhabi, announced the Falcon Gate Ventures, a $100 million fund aiming to drive Web3 innovation in the coming years. The fund will support high-potential projects in the Middle East, Asia, the US and other key regions.
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A return to $50K? 5 Things to know in Bitcoin this week
$BTC has been lacking momentum this week as BTC price predictions increasingly see the market heading lower.After a promising weekend turned sour into the weekly close, Bitcoin is offering little inspiration to traders already tired of rangebound moves. The sentiment is sour, and while stocks have recovered from their flash crash at the start of August, crypto has yet to do likewise. Bitcoin gave up its weekend gains into the Aug. 18 weekly close â an all-too-familiar sequence of events for traders, who traditionally caution over âout of hoursâ market moves. The Asia trading session nonetheless offered little hope to bulls, with BTC/USD trading at around $58,650 at the time of writing, per data from Cointelegraph Markets Pro and TradingView.
CrypNuevo warned of a potential âfakeoutâ to the upside before price returns lower over the coming days.
This week, risk-asset traders are focused on the US Federal Reserveâs Jackson Hole symposium as markets demand cues on handling inflation. The annual event will feature a speech from Powell on Aug. 23, and market observers will be keenly analyzing his language for confirmation of future policy easing. The latest data from CME Groupâs FedWatch Tool maintains a 100% chance of a cut occurring in some form, with 71.5% odds of this coming in at 25 basis points.
Bitcoin sentiment is firmly âbearishâ thanks to price returning below a key long-term trend line, some of the latest analysis concludes. The latest data from the Crypto Fear & Greed Index meanwhile puts the average mood among crypto investors as just three points off âextreme fear,â measuring 28/100.
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Shiba Close to Breaking Another Major Milestone.
Shibarium, Shiba Inu's (SHIB) layer-2 scaling solution, is on track to break a crucial milestone, as seen in its recent trend. This achievement is notable as it comes only days after Shibarium dropped by over 80% in key metrics.
Shibarum set for new milestone.
After about a year since it went live, data from Shibariumscan shows that Shibarium's total blocks are now at 6,377,906. This new record sets Shibarium on the path toward the 6.5 million mark, a crucial milestone for the layer-2 solution. Meanwhile, total transactions on the network have soared to 418,079,698, with wallet addresses totaling 1,812,355.
The past week has seen key developments for Shibarium. Shibarium now has a burn portal for removing excess SHIB tokens from circulation. Note that this function will be fully operational once sufficient BONE tokens have been accumulated. However, new users need at least 100 BONE tokens to initiate a burn.
The process involves swapping BONE tokens with SHIB tokens through the Ethereum network. Ultimately, these SHIB tokens are removed from circulation.
Another recent development on
Shibarium is the launch of on-ramp
features with Visa and Mastercard for
BONE tokens. With this feature, the
Shiba Inu ecosystem aims to expand
BONE's utility to a variety of users.
Reduction in block number on Shibarium.
While Shibarium focuses on a new milestone, the number of blocks is decreasing. According to a previous report, the number of new blocks produced on the network dropped from 17,210 to 5,742. At the same time, the number of new transactions on the platform fell by 83.6%, dropping to 1,172 from 7,161.
This decline suggests reduced interest in Shibarium. However, CoinMarketCap data shows that SHIB's trading volume tells a different story.
#TAO/USDT at a Crossroads: Critical Resistance Test Amid Mixed Market Signals
$TAO
{future}(TAOUSDT)
{spot}(TAOUSDT)
TAO/USDT is currently trading around $282.5, with price action showing consolidation just below the 200-period moving average on both the 1-hour and 4-hour charts. This moving average has acted as a significant resistance level, suggesting that the price is at a critical juncture.
RSI: The RSI levels are near neutral on both timeframes, indicating a balanced market sentiment without strong momentum in either direction. This neutrality suggests that the market is waiting for a catalyst to determine the next move.
MACD: The MACD indicators on both timeframes show slight divergences. On the 1-hour chart, there is a slight bearish divergence, while the 4-hour chart shows a weak bullish crossover. This mixed signal indicates uncertainty, with the potential for both upward and downward moves.
Resistance: The immediate resistance is around $279.7 to $299.0, defined by the 200-period moving average on both charts. A break above this level could lead to a test of higher resistance around $325.0.Support: Immediate support lies around $270.0, with stronger support around $250.0. These levels could act as a cushion if the price fails to break above the resistance.
Bearish: If TAO/USDT continues to face rejection at the 200-period moving average and the bearish indicators strengthen, the price may decline towards $270.0 or even $250.0.
Bullish: On the other hand, if the price can successfully break and hold above the 200-period moving average (around $299.0), there is potential for a move towards $325.0.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
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Market Developments and Their Impact on #BTC
This week, there are two key events to watch: the #FOMC minutes on Wednesday and Fed Chair Jerome Powell's speech on Friday. These events could significantly impact Bitcoin and other risk assets.
$BTC started the week with low volume and sideways movement, reflecting cautious sentiment among investors. A monthly close above $58,700 would be a positive signal, while a close above $61,400 could further strengthen bullish momentum.
{spot}(BTCUSDT)
In the spot market, Coinbaseâs continued buying from $49,000 is seen as a positive indicator. However, due to low volumes, it's wise to avoid risky trades. Although this week may seem calm, the FOMC minutes and Powell's remarks should be closely monitored. #PowellAtJacksonHole
Wishing everyone a profitable week ahead.
URGENT UPDATE REGARDING $RARE $SYS $ARPA
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RARE
RARE is currently trading at $0.2379, showing a significant decrease of 20.27%. The major support level for RARE is at $0.22, which has been a crucial point for buyers. On the resistance side, $0.28 is the key level to watch. If RARE can break above this resistance, it could see further gains. However, a drop below $0.22 might lead to a pullback towards $0.20.
SYS
SYS is trading at $0.1632, with a significant increase of 58.91%. The major support level for SYS is at $0.15, which has held strong during recent market corrections. The key resistance level to monitor is $0.18. Breaking above this resistance could lead to further upward movement. Conversely, if SYS falls below $0.15, it might see a decline towards $0.13.
ARPA
ARPA is currently priced at $0.04281, showing an increase of 22.89%. The major support level for ARPA is at $0.04, which has been a critical point for buyers. On the resistance side, $0.05 is the key level to watch. If ARPA can break above this resistance, it could see additional gains. However, a drop below $0.04 might lead to a pullback towards $0.035.
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ETHFI.X's Indicator enters downward trend
The Aroon Indicator for ETHFI.X entered a downward trend on August 12, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 32 similar instances where the Aroon Indicator formed such a pattern. In 30 of the 32 cases the stock moved lower. This puts the odds of a downward move at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETHFI.X as a result. In 3 of 4 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETHFI.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
$ETHFI
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron
**Tether Expands USDT to Aptos Blockchain**
Tether, the issuer of the stablecoin USDT, has announced the launch of USDT on the Aptos blockchain. This initiative aligns with Tether's strategy to utilize advanced blockchain technologies for enhanced digital currency accessibility. Aptos offers superior speed and scalability, making it an ideal platform for USDT. Users can anticipate faster transactions and reduced fees.
**Aptos Blockchain Growth**
The decision to integrate USDT with Aptos follows significant growth in the blockchain's user base, which nearly doubled from 96,000 in January to 170,000 in July. This surge underscores the network's increasing popularity and robustness, making it a strategic choice for Tether.
**Economic Viability**
USDT's integration with Aptos is expected to lower transaction costs significantly, appealing to users involved in frequent or microtransactions. The blockchain processes transactions at a fraction of a penny, likely driving further adoption of USDT on the network.
**Market Impact**
Following the announcement, the price of APT, Aptos' native token, rose by 3%, indicating growing investor confidence. This market response highlights the potential positive impact of the integration on the broader Aptos ecosystem.
**Future Prospects**
The collaboration between Tether and Aptos is poised for further growth. With USDT now live on Aptos, both entities are set to explore additional opportunities. Previous successful integrations on other networks suggest that such partnerships can lead to increased minting and broader adoption of stablecoins. This partnership could serve as a model for future collaborations in the crypto space.
**California AI Bill Sparks Debate Among Lawmakers**
California State Senator Scott Wiener is championing Senate Bill 1047, the "Safe and Secure Innovation for Frontier Artificial Intelligence Models Act," which mandates AI developers to implement security protocols to prevent cyberattacks. Despite criticism from figures like Speaker Emerita Nancy Pelosi, the bill passed the Assembly Appropriations Committee with amendments.
Wiener argues that safety should not be left solely to tech companies, emphasizing the need for oversight. Opponents, including Pelosi and Congressperson Ro Khanna, believe the bill could stifle innovation and harm California's economy. The bill, which excludes startups, has bipartisan Senate support and must pass the Assembly by August 31.
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Is Ethereum's Bullish Momentum Fading?
Ethereum (ETH) is currently trading at $2,575.57, showing a 2.61% drop over the last session. Our recent forecast predicts a modest recovery, with the price expected to rise by 1.83% to reach $2,719.06 by August 20, 2024. However, the market sentiment is neutral, with a 50% Bullish signal, while the Fear & Greed Index reflects a cautious sentiment with a score of 31, indicating fear.
Looking at the technicals, Ethereum's short-term trend appears bearish on the four-hour chart. The 50-day moving average is declining, signaling weakness in the near term. Additionally, the 200-day moving average has been on a downward trajectory since August 15, 2024, suggesting a continuation of this bearish trend over a longer period.
While Ethereum has experienced 13 green days out of the last 30, with price volatility at 12.85%, the declining moving averages and the current price action raise the question: Is Ethereum's bullish momentum fading, or is this just a temporary pullback before a stronger rally? Traders should keep a close eye on key support and resistance levels to gauge the next significant move for Ethereum.
OM.X in +4.11% Uptrend, growing for three consecutive days on August 14, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where OM.X advanced for three days, in 262 of 343 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
OM.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$OM
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron
ALERT EVERYONE đšđšđšâ ïžđš
A bear trap in the cryptocurrency market occurs when prices initially fall, leading traders to believe a bear market is starting. This prompts them to sell their assets, only for the market to reverse and rise again, "trapping" those who sold at the lower prices. This scenario often results in a rapid and significant price increase as traders scramble to buy back in.
Several signs can indicate the presence of a bear trap. First, high trading volume during a price drop might suggest that the sell-off is excessive and a reversal could be on the horizon. When prices fall to a known support level and then quickly bounce back, this could also signal a bear trap.
Additionally, market sentiment plays a crucial role. Overly negative sentiment and panic selling can be indicative of a bear trap, especially if the asset's fundamental outlook remains strong. Technical indicators, such as the Relative Strength Index (RSI), can highlight oversold conditions, pointing to a potential market reversal.
Lastly, whale activityâlarge holders buying during a dipâcan cause a swift price rebound, catching bearish traders off guard. If you suspect a bear trap, staying updated with market news, trends, and using technical analysis tools is essential for understanding potential reversals.
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đ„đ„đ„ 94% of Bitcoin's total supply cap of 21 million has now been mined through its predictable issuance schedule. Bitcoin's controlled scarcity makes the remaining supply provably rare.
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đ„đ„ A milestone has been reached in Bitcoin's supply schedule - 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far.
Bitcoin's supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining subsidy was 50 BTC per block, which halves every 210,000 blocks or roughly every 4 years.
This event called the Bitcoin halving, ensures a predictable, diminishing inflation rate as the supply grows. There have been three halvings, cutting the subsidy from 50 to 25 to 12.5 to the current 6.25 BTC.
The halvings combined with increasing difficulty and competition mean fewer and fewer new bitcoin enters circulation over time. Out of the maximum 21 million BTC, over 94% or 19,741,655 BTC have been mined since Bitcoin's launch in 2009.
That leaves only around 1.26 million BTC to be issued. With the current 6.25 BTC block reward, Experts estimate 99.9% of all bitcoin will be mined by 2140.
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OMNI.X's RSI Indicator ascending out of oversold territory
The RSI Oscillator for OMNI.X moved out of oversold territory on August 12, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The AI looked at 1 similar instances when the indicator left oversold territory. In 1 of the 1 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for OMNI.X just turned positive on August 13, 2024. Looking at past instances where OMNI.X's MACD turned positive, the stock continued to rise in 1 of 3 cases over the following month. The odds of a continued upward trend are 33%.
Following a +4.63% 3-day Advance, the price is estimated to grow further. Considering data from situations where OMNI.X advanced for three days, in 11 of 17 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
OMNI.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$OMNI
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron
$TRX
{spot}(TRXUSDT)
{future}(TRXUSDT)
The 4-hour chart for #TRX/USDT shows the price currently trading at approximately $0.1377, above the 200-period moving average, indicating a strong bullish momentum. The price has been in an uptrend and is currently testing a significant resistance zone.
RSI: The RSI is at 74.06, which indicates that the asset is in overbought territory. This suggests that while the momentum is strong, there could be a potential for a pullback or consolidation before continuing the upward movement.
MACD: The MACD shows a bullish crossover, with the histogram turning positive. This supports the ongoing bullish trend, indicating that the upward momentum could continue if the buying pressure remains strong.
Resistance: Immediate resistance is found around $0.1400, where the price has struggled to break through in the past. A break above this level could open the door for further gains, potentially targeting $0.1500 or higher.
Support: Immediate support lies around $0.1311 (200-period moving average). A stronger support level is around $0.1300, which could act as a cushion if a pullback occurs.
Bullish: If the price successfully breaks above the $0.1400 resistance and holds, it could lead to a continuation of the upward trend, with the next target being around $0.1500. The bullish indicators suggest that this scenario is possible if buying pressure persists.
Bearish: If the price fails to break the $0.1400 resistance and the RSI indicates an overbought condition, a pullback towards $0.1311 or even $0.1300 could occur. This would be a natural correction within the broader uptrend.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
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DASH.X in upward trend: 10-day moving average moved above 50-day moving average on August 18, 2024
The 10-day moving average for DASH.X crossed bullishly above the 50-day moving average on August 18, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 23 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 70%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DASH.X's RSI Oscillator exited the oversold zone, 26 of 49 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 53%.
The Momentum Indicator moved above the 0 level on August 12, 2024. You may want to consider a long position or call options on DASH.X as a result. In 68 of 137 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for DASH.X just turned positive on August 12, 2024. Looking at past instances where DASH.X's MACD turned positive, the stock continued to rise in 24 of 60 cases over the following month. The odds of a continued upward trend are 40%.
DASH.X moved above its 50-day moving average on August 12, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1.06% 3-day Advance, the price is estimated to grow further. Considering data from situations where DASH.X advanced for three days, in 223 of 463 cases, the price rose further within the following month. The odds of a continued upward trend are 48%.
DASH.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$DASH
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron