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#FDUSD Algorand (ALGO) is on a bullish rampage today after soaring as high as $0.1185 upon gaining a total of 6.83% over the past 24 hours. Algorand has managed to sustain its growth trend in the trailing seven-day period after printing a total gain of 10.2%.
The volatility of Algorand is high at this time, but the obvious actions of market bulls have largely helped the proof-of-stake (PoS) protocol maintain impressive growth metrics across the board. The trading volume is up by 124.4% with a total of $88,851,349 traded overnight. While Algorand has been a low flier compared to other PoS protocols with smart contract capabilities, its appeal is still very much appreciated across the board.
Algorand has had a mix of ups and down thus far this year, similarly to other high-growth protocols, which involve active developer activity. While this developer activity has been steady, it has also been marred by a bout of exploits that rocked the protocol earlier in the year.
With transparent handling of the exploit by the Algorand team, ALGO buyers appear to have gained a whole new motivation to go on an accumulation spree. Per the current outlook, the token is looking to retest its 30-day high of $0.123.
Riding DeFi wave
Algorand has its own community and ecosystem, both of which have been very proactive in championing the growth strides of $ALGO over the past years. However, with most PoS protocols now creating an Ethereum Virtual Machine (EVM) in order to gain unhindered accessibility between each other, a new trigger for growth has been ushered in, with Algorand notably tagging along.
Despite the many distractions that have been recorded, including the invitation from Cardano founder Charles Hoskinson asking Algorand to come become a sidechain of Cardano, the developers remain focused, driving innovation in a steady manner to drive growth.#MultiChain #BinanceTournament #Worldcoin

#FDUSD Over the past few months, the hype around artificial intelligence has been gaining momentum. Smart bots have already been credited with superpowers: from writing books, paintings and music to making trade deals on stock, trading and #cryptocurrency exchanges. Is this so, we asked Gleb Jout, head of the Bitget #crypto exchange in the CIS.
The creation of ChatGPT and its copies started a new era of artificial intelligence, which, of course, provides the execution of process functions. For example, smart bots collect and analyze a large amount of information, take short and long notes, and look for data that is open in sources. Does this mean that AI is completely replacing human intelligence?
Certainly not! For some reason, many traders believe that the same ChatGPT is nothing more than a magic “big money” button. Guys, slow down. Artificial intelligence will help you analyze the market, but will it be able to place orders correctly or create an effective anti-risk strategy? No, definitely not.
Is it worth it in this case to abandon modern technologies altogether? I wouldn't recommend it. The trader's task is precisely to combine his own experience and knowledge with the latest technological developments to get more profit. Therefore, AI tools can be applied if:
1. It is necessary to collect market analytics for a certain period. ChatGPT will do just fine with this task. It is enough to formulate a task for the AI assistant, and the program itself will collect data from open sources.
2. Automate trading. Trading AI bots allow you to perform all trading operations without human intervention according to predetermined parameters. The main advantage is that the robot is able to complete transactions in a fraction of a second, when the rate of a particular coin reaches the set price. A trader does not need to constantly be in front of a computer monitor.
3. Ready bots for copy trading. Such solutions allow a quick copy of the trades of successful traders and making a profit without a deep understanding of the market. The copy trading feature is available on many centralized exchanges, including Bitget.
4. AI strategies for grid trading. Grid trading is a fairly complex trading strategy, especially for beginners. It is suitable for a volatile market without a clear bullish or bearish trend and relies on identifying patterns in a large array of historical data. The user places pending orders to buy and sell in a certain price range. When the value of an asset fluctuates greatly, orders are filled and it makes a profit. The use of AI just allows you to identify these patterns based on historical market data. Let me remind that Bitget launched AI strategies for grid trading back in early July.
5. Martingale trading strategy with AI. Another use case for artificial intelligence is its integration into the Martingale strategy. Initially, it was used in gambling, so it is quite risky. Traders set risk appetite and investment frequency based on parameters recommended by AI from Bitget. Parameters are calculated based on historical market prices and asset fluctuations using Bitget's internal algorithms, providing traders with reliable investment advice.
In general, the use of AI can really make a trader's job easier, but don't forget about the risks that few people talk about. Let's look into them.
Analyze and analyze again. No AI tool will give you a clear answer whether to make a deal or not. Such services will only help to collect information, but the decision is always yours. Therefore, you should not blindly trust artificial intelligence and enter a trade with all the money you have, because ChatGPT said so.
Don't forget the risks. Modern trading bots have not yet learned how to effectively predict and minimize risks, so it is still worth learning risk management and properly organizing an anti-risk strategy.#MultiChain #BinanceTournament

#FDUSD 1 The Algorand coin’s price increased by 2.50% over the last week.2 The price of ALGO coin is trading at $0.11425 and the 52-week range is $0.09853 – $0.29788.
Algorand (ALGO) has a fully diluted valuation (FDV) of $1,141,164,983. This is a hypothetical market cap, assuming all 10 Billion ALGO tokens are circulating today. This is according to the crypto data and information website Coingecko. However, the actual FDV may take years to reach, depending on how the ALGO tokens are distributed over time.
As per Coinmarketcap, Algorand crypto plummeted by 2.97% in market value and by 32.49% in trading volume in the last 24 hours. Its market value is $890,404,530 and its trading volume is $54,697,594. There are 7,810,458,410 ALGO in circulation.
Algorand coin’s (ALGO) open interest is $37.06 Million. As per Coinglass, another crypto analysis website, it fell by 3.57% in the previous session. The long versus short ratio for 24 hours is 0.9361. The total number of short positions added in the last 24 hours is $4.58 K against longs of $66.48 K.
ALGO Coin Price Technical Analysis in the 1-Day Timeframe
ALGO coin price showed a downward trend for the past three months, decreasing by 32.34% during this period. At the time of publication, the ALGO Coin price is trading at $0.11425, and the price took support at the $0.09852 level and broke the trendline resistance.
Therefore, if the ALGO Coin price sustains the current level and rises, then it might hit the nearest resistance levels of $0.12237 and $0.13978.
However, the ALGO coin price could continue to move downwards and reach an all-time low at $0.09853. If it fails to maintain the current level.
Source: ALGO/USD.1D.BITSTAMP by TradingView
At the time of publishing, the ALGO coin price (BITSTAMP: ALGO) is trading below the 50, 100, and 200-day EMAs (exponential moving averages), which are rejecting the ALGO Coin price trend.
However, 20-day EMA is supporting the trend if more buying volume adds up then the price might conquer rejecting EMA’s by making higher highs and lows.
Hence, ALGO Coin price prediction estimates the prices to move upwards, indicating a bullish outlook over the daily time frame chart for its price.
Source: ALGO/USD.1D.BITSTAMP by TradingView
The MACD line at 0.00136 and the signal line at 0.00227 is below the zero line and both lines crossed each other a bullish crossover is observed in the MACD oscillator, suggesting bullish signals. The current value of the RSI is 52.81 points and the 14-day SMA is below the median line at 44.06 points, which indicates an upward direction and bullish sentiments in the market for the ALGO coin.
Conclusion
ALGO coin price prediction highlights the bullish sentiments and perspectives of investors and traders regarding the ALGO coin in the daily time frame. Algorand price action highlights a bullish view at the time of publishing. Moreover, the technical parameters of the Algorand price suggest the continuation of the uptrend over the daily time frame chart. Major trustworthy indicators MACD, RSI, and EMA, provide positive signals regarding the $ALGO crypto prices.
Technical Levels
Support levels: The nearest support levels are all-time low at $0.09853.Resistance levels: The nearest resistance levels are $0.12237 and $0.13978.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in #crypto assets comes with a risk of financial loss.#crypto2023 #MultiChain #BinanceTournament

#FDUSD Fellow Binancians,
Binance will open trading for the ASR/TRY, ATM/TRY, ACM/TRY, $BAR /TRY, $JUV /TRY and $PSG /TRY trading pairs at 2023-08-10 08:00 (UTC).
Start Trading on #Binance Spot Now!
Notes:
TRY is a fiat currency and does not represent any other digital currencies.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#MultiChain #Worldcoin #BinanceTournament

#FDUSD Bittrex, a Washington-based crypto-asset trading platform, has agreed to pay $24 million to settle allegations that it operates as an unregistered exchange, broker, and clearinghouse for securities offered and sold as crypto-assets by the U.S. Securities and Exchange Commission (SEC). .
According to the SEC's criminal complaint, Bittrex and its co-founder and former CEO, William Shihara, were accused of violating federal securities laws by facilitating the trading of crypto assets, which are securities without registering with the SEC or complying with its rules and regulations.
The SEC alleged that Bittrex and Shihara also instructed #crypto -asset issuers to delete certain statements from public channels that could attract regulatory scrutiny, such as price forecasts, profit expectations, and investment-related terms.
The SEC claimed that Bittrex earned at least $1.3 billion in transaction fees from investors, including US investors, and served them as a broker, exchange and clearing house without registering any of these activities with the Commission.
The SEC also accused Bittrex's foreign subsidiary, Bittrex Global GmbH, of failing to register as a national stock exchange in connection with a single joint order book operation with Bittrex.
*Not investment advice.#BinanceTournament #MultiChain #crypto2023

#FDUSD According to IntoTheBlock data, Shiba Inu's large holders' inflow has jumped a staggering 2,210%. This increase represents growth in the last seven days.
The Large Holders Inflow metric from IntoTheBlock tracks funds flowing into addresses belonging to whales or large holders on a weekly, monthly or yearly basis.
A spike in significant holder inflows could indicate one of two things: first, large-holder inflows can signal market bottoms because major addresses or whales prefer to buy in bulk after significant price declines.
Second, a substantial increase in large-holder inflows may indicate that strong buying activity is taking place. This is possible because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.
Both scenarios seem plausible, as SHIB is currently experiencing a price drop due to profit-taking. After a massive spike on Aug. 5 to highs of $0.0000105, #Shibainu witnessed a price drop as investors took gains.
At the time of writing, SHIB was down 4% in the last 24 hours to $0.000009. #crypto data tracker Whale Alert spotted massive movement in SHIB tokens in the last 24 hours.
A whopping 8.7 million SHIB tokens have been shifted between whales' wallets, per Whale Alert data.
A single transaction saw 4,382,252,578,938 SHIB tokens worth $40,064,744 between wallets. Another 4,412,252,578,938 $SHIB tokens worth $40,672,144 moved between wallets.
The Large Holders Netflow indicator shows how whales and investors' positions have changed. Netflow spikes may indicate accumulation from major holders or whales, while declines may indicate reduced positions or selling.
Netflows fell by -3,354% in the last seven days as whales cut their positions, whereas this increased by 3,172% in the last 30 days.#MultiChain #BinanceTournament

#FDUSD The Bank for International Settlements (BIS) announced Ripple (#XRP ) as an official member of its ‘cross-border payments interoperability and extension taskforce’, on August 9.
This taskforce is part of the ‘BIS Committee on Payments and Market Infrastructures’, composed of 33 entities plus the Chair, Ulrich Bindseil, Director General Market Infrastructure & Payments at the European Central Bank.
“Engagement and partnership between the public and private sector is a key element of the G20 cross-border payments programme. Improvements to payment systems and arrangements underlying cross-border payments require global coordination, cooperation and the commitment of a wide range of public authorities and private sector stakeholders.” “The CPMI is working to bring together the relevant stakeholders via joint working groups, workshops, consultations and surveys to ensure both strategic perspective and the required subject matter expertise is available to the programme.”– Bank for International Settlements (BIS) events
Composition of the BIS ‘cross-border payments interoperability and extension taskforce’
The composition of the mentioned Bank for Internacional Settlements taskforce is, as reported, the following:
Entities member of the BIS cross-border payments taskforce
​​Financial infrastructures:
BunaCross-border Interbank Payment System (CIPS)CLSEBA ClearingFnality InternationalIberpayMastercardPayNet MalaysiaPayments CanadaRippleRTGS GlobalSwiftThe Clearing House (TCH)WorldlinePan-Africa Payment and Settlement System (PAPSS)
Payment service providers (banks and non-banks):
Bank of ChinaCommonwealth Bank of AustraliaDeutsche BankMercado PagoMukuruRiaSociété GénéraleWells FargoWiseNubank
Associations:
Africa NendaEmerging Payments AsiaEuropean Payments Institutions FederationInstitute of International Finance (IIF)Japan Bankers AssociationUK FinanceGSM Association (GSMA)SADC Banking Association
Representatives of the BIS cross-border payments taskforce
​​Financial infrastructures:
Faisal Alhijawi (Chief Strategy & Development Officer)Shuijiong Wu (Deputy GM IT)Dirk Bullmann (Global Head, Public Policy)Erwin Kulk (Head, Service Development and Management)Stephan Mahnke (Director of Business Development)José-Luis Langa (Deputy Managing Director)Alan Marquard (Executive VP for Transfer Solutions)Azleena Idris (Sr Director, Corporate Strategy & ESG)Zarin Ahmed (RTR Product Director)Rene Huijsen (Director of Payment Operations)Dirk Cavens (Head of Product Office)Saskia Devolder (MD Cross-border Payments Strategy)Rusiru Gunasena (SVP Product & Strategy)Thomas Feiler (Sr Strategy Manager, Account Payments)Mike Ogbalu III (CEO)
Payment service providers (banks and non-banks):
Jun Xu (Director Senior Manager)Susan Yang (General Manager)Paula Roels (Head SWIFT & Market Infrastr Corporate Bank)Paula Arregui (Payments Senior Vice President)Nikki Kettles (Executive Licenses and Payment Regulations)Ignacio Reid (COO)Frantz Teissèdre (Head Interbank Relationships)Michael Knorr (CIB Industry & Advisory Leader)Arun Tharmarajah (Head of European Banking and Payments)Rafael Wowk (Public Policy Sr. Manager)
Associations:
Michael Mbhutia (Regional Director East Africa)Brad Pragnell (EPAA Advisory Board)Elie Beyrouthy (Vice President European Government)Jessica Renier (Managing Director, Digital Finance)Misao Watanabe (General Manager, Mizuho)James Barclay (Chair, UK Finance, ED at J.P. Morgan UK)Mary Gichuki (Mobile Money Programme Advocacy Manager)Maxine Hlaba (Executive Secretariat)#crypto2023 #MultiChain #BinanceTournament

#FDUSD The digital currency ecosystem today is showing gloom across the board, with the combined crypto market cap pegged at $1.16 trillion with a negligible growth rate over the past 24 hours. Dogecoin (DOGE), the crypto industry's premier meme coin, has been caught up in the web of the bearish outlook and has dropped by 0.96% in the past 24 hours and by more than 6% in the past week.
Despite this grand bearish outlook, Dogecoin is showcasing an exciting twist, per data from the #crypto analytics platform, IntoTheBlock (ITB). The data from ITB shows a decent percentage of Dogecoin holders are currently "In the Money," a tag used to depict profitability.
It was confirmed that a total of 2.54 million addresses, or 53.05%, are profitable at this time. This metric is particularly intriguing seeing as DOGE has been on a relatively unsteady growth streak for the better part of the past month. In this time span, the top meme coin has recorded a total growth of 12%.
Profitable addresses are complemented by just 2.03 million wallets, or 42.41% that are out of the money, with just about 4% of all addresses on the network holding their coin at no loss.
Gains for future
The utility of Dogecoin is a highly dynamic one that showcases and rewards loyalty in the long run. The exciting fact about the $DOGE profitability data is that users who have held the coin for a relatively long period of time are bound to be better off when compared to other top digital currencies in the industry.
Dogecoin has a lot of fundamental backing designed to help power its growth in the near future. One of the top assumptions is the potential role it will play at X, formerly Twitter, with rumors that the social media platform will soon pivot into a payment platform.#BinanceTournament #MultiChain #Worldcoin

#multichain On-chain data vendor IntoTheBlock has shared data that may suggest how many BTC coins have been permanently out of circulation by now from the slightly more than 19 million mined Bitcoins.
According to a recently published tweet by this data aggregator, approximately 29% of the circulating BTC have remained dormant over the span of the last five years. The company stresses that it is likely that a big portion of these Bitcoins have been lost for good.
Ever wondered how many Bitcoins are lost forever? Our data shows that 29% of BTC hasn't moved in over 5 years. It's possible that a large part of this concerns lost coins. #Bitcoin— IntoTheBlock (intotheblock) July 17, 2023
It matches the recent tweet of Glassnode about "hodled or lost Bitcoins." The data agency reported recently that this metric shows 7,781,224.168 BTC.
📈 Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 5-year high of 7,781,224.168 #BTC View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/nF9KjaR2jv— glassnode alerts (glassnodealerts) July 17, 2023
On Thursday, July 13, the flagship cryptocurrency Bitcoin surged by around 3.50%, soaring to the $31,641 level on bullish news for the whole crypto industry — Judge Analisa Torres announced that Ripple did not violate U.S. securities law by selling XRP on public crypto trading venues. Unlike that, Ripple's selling XRP to financial institutions was deemed selling securities by the court.
Still, this partial victory drove the XRP price up by more than 70% and pushed the rest of the market way up as well, including Bitcoin.
Many major crypto exchanges that delisted $XRP immediately after the start of the Ripple-SEC lawsuit in December 2020 have now relisted it, including Coinbase and Binance US.
However, the following day, the #crypto market leader fell by 4.78%, hitting the $30,133 zone. At the time of this writing, #bitcoin is changing hands at $30,092 on the Bitstamp exchange.#BinanceTournament

#GOATMoments The #crypto market tracking website, CoinMarketCap, indicated that 1inch Network (1INCH) saw a more than 12% price increase, despite the fact that the majority of cryptos were trading in the red. In addition, the total crypto market cap decreased by 0.26% over the past 24 hours of trading, which left it standing at $1.21 trillion.
At press time, 1INCH was trading hands at $0.3723. This meant that the #altcoins. was trading much closer to its daily high of $0.3787 than its 24-hour low of $0.3331. Furthermore, 1INCH’s 24-hour trading volume skyrocketed by more than 300% throughout the past day. As a result, the crypto’s volume stood at approximately $89,3996,453.
1INCH’s success over the past 24 hours boosted its weekly performance even further into the green to +21.99%. In addition, the altcoin’s monthly performance was also up by more than 40%.
3-hour chart for 1INCH/USDT (Source: TradingView)
1INCH broke above the resistance levels at $0.3375 and $0.3539 over the past 24 hours, and flipped the two levels into support as well. At press time, the altcoin was looking to challenge the next resistance at $0.3756. However, bears were asserting their dominance and defending the key price point.
Traders and investors will want to take note of a short-term bearish candlestick pattern that had formed on 1INCH’s 3-hour chart over the past 3 hours. A bearish hammer pattern had formed during this period, which suggested that the altcoin’s price was approaching a price top. If this bearish candlestick is validated, $1INCH ’s price may drop in the coming 6-12 hours.
On the other hand, if the bearish candlestick is not validated, then #1INCH ’s price may flip the resistance at $0.3756 resistance into support and may break above $0.3987 in the next 24 hours. A confirmation of this bullish thesis will be if the crypto’s price closes a 3-hour candle above $0.3756 in the upcoming 24 hours.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.#multichain

#GOATMoments テスラ (NASDAQ: TSLA) のCEOイーロン・マスクは、ミーム暗号通貨ドージコイン (DOGE) に対する彼の評価とそのトークンとの密接な関係で知られており、これは常にその価値に影響を与えています。世界一の富豪であるマスクがドージコインを好むことは興味深いことであり、ビットコイン ($BTC ) やイーサリアム ($ETH ) などの他の確立された暗号通貨の存在を考えると特にそうです。
この流れの中で、2023年第2四半期のウォールストリートジャーナルCEO協議会サミットでの彼の発言において、マスクはミームコインが彼のお気に入りの暗号通貨としてランクインする理由を詳しく説明しました。マスクは、ドージコインへの愛情は暗号市場でのトークンの能力を超え、むしろそのユーモラスな性質に関係していると説明しました。