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🇷🇺 Russia Ranks 7th in Cryptocurrency Acceptance According to statistics from the analytical service Chainalysis, Russia is in 7th place in terms of crypto adoption. The top six spots are occupied by India, Nigeria, Indonesia, the United States, Vietnam, and Ukraine. The Philippines, Pakistan, and Brazil also made it into the top 10. There is not a single EU country on this list, which is significantly behind in crypto adoption. ✍️ Analysts noted that the growth in cryptocurrency transactions is associated with the launch of #Bitcoin ETF in the US and the active use of stablecoins in low- and middle-income jurisdictions . Currently, crypto is used in Russia as a means of circumventing sanctions. Some companies actively use the stablecoin Tether (USDT) for trading. 💬 In September, a law on mining and cryptocurrencies came into force in Russia. According to experts, this will have a positive impact on the activities of crypto companies, since they now understand how to work legally in the country
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🚀 Solana Price Could Skyrocket to $160 Following This Bullish Squeeze Solana’s (SOL) price has been in a phase of macro consolidation, fluctuating between $124 and $186 for some time. The key resistance level at $160 is critical for SOL’s price action in the near future. While some indicators point to a potential rise, the momentum may not be strong enough to push the altcoin beyond $160. However, market signals continue to suggest that a price surge toward this level is becoming increasingly likely. 🔸 Broader Market Cues Favour Solana The market sentiment around Solana is currently leaning bullish, as the Bollinger Bands are tightening, a pattern that often signals a potential price rise. The candlesticks are positioned above the baseline of the Bollinger Bands, indicating upward momentum building in SOL. Additionally, trading volume remains low, which can precede major price movements. This combination of factors suggests that Solana could soon experience a price jump, potentially pushing it closer to the $160 resistance level. From a broader perspective, Solana’s macro momentum appears strong. The Moving Average Convergence Divergence (MACD) indicator shows a growing gap between the MACD line and the signal line, following a recent bullish crossover. This widening gap is often interpreted as a signal of impending significant price movement. With Solana currently testing key resistance levels, such as $136, the widening MACD gap suggests that the altcoin could be poised for an upward trend in the coming days. 🔸 #SOL Price Prediction: New Day, Same Range Solana’s price is currently attempting to flip the $136 level into a strong support zone, having bounced off $124. If successful, this could provide the necessary momentum to push SOL upwards toward the critical $160 resistance level. Once the local barrier of $155 is breached, Solana’s price will be on track to reach $160. At this point, however, the price may halt its upward momentum and continue its macro consolidation within the defined range.
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📣 Ripple Case Closed: Ripple Chief Legal Officer Ripple's chief legal officer Stuart Alderothy makes a major announcement, highlighting that the company's years-long lawsuit against the U.S. Securities and Exchange Commission has concluded. Yesterday, in a post by X Alderoti, he stated that “the Ripple case is over.” Ripple CLO’s comment suggests that the lawsuit has finally reached its conclusion. #XRP #Ripple
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📊 Cryptocurrency Investors Prioritize Price Predictions In the early September cryptocurrency market, investors faced challenges with Bitcoin‘s unexpected decline. The leading digital currency, Bitcoin (BTC), briefly tested the $60,000 benchmark but quickly fell back to $59,650. As market volatility continues to trouble traders, attention has shifted towards the price forecasts for several altcoins, including LUNA, FLOKI, PEPE, SHIB, and CEEK, especially in light of upcoming decisions regarding interest rates by the Federal Reserve. 🔸 What Lies Ahead for #LUNA Coin? LUNA Coin is in the spotlight amid ongoing legal investigations. The uncertainty around Do Kwon’s potential extradition to the U.S. or his native country has added to LUNA Coin’s woes. With various fraud allegations shadowing its leadership, LUNA faces long-term risks. However, if it surpasses the critical $0.41 mark, there is a possibility for the coin to ascend to new heights, potentially ranging between $0.473 and $0.69. Conversely, bearish circumstances could see its value dip to $0.32. 🔸 How is #FLOKI Coin Performing? FLOKI Coin has kept its investors optimistic, maintaining strength in bullish trends. It has managed to hold onto some of its earlier gains, steadfast at the support level of $0.00010016. The coin tested the $0.00016276 level in late August and could revisit or surpass this point in early October, aiming for an all-time high beyond $0.00032518. 🔸 Key Observations and Predictions – LUNA Coin’s potential growth hinges on surpassing $0.41, with possible targets between $0.473 and $0.69. – FLOKI Coin holds promise, with potential upward movement towards $0.00032518 in the near future. – Market volatility and Federal Reserve decisions remain crucial factors impacting cryptocurrency predictions. Despite the turbulent environment, cryptocurrency traders remain focused on strategic price levels and market developments.
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👀 Binance Invites Controversy With Hamster Kombat Listing, Eyes 200 Million Player Base Binance recently announced its plans to list Hamster Kombat (HMSTR) as the 58th project on its Launchpool. This declaration sets the stage for trading to start on September 26, 2024, at 12:00 UTC. 🔸 Is Binance Trying to Onboard Hamster Kombat Users? Binance will apply a seed tag to HMSTR, indicating it as a volatile project. To trade tokens marked with this tag, users must pass quizzes every 90 days. Amidst the announcement, Binance issued a caution. 💬 “Any claims to offer this token for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds,” Binance warned. Meanwhile, the Hamster Kombat launch on Binance ignited a storm of backlash, notably on social media platforms like X (Twitter). This is because Hamster Kombat has been plagued by controversies, including its tap-to-earn model, frequent airdrop delays, and internal conflicts. Critics argue that such projects might fail to meet the high expectations of their vast player base. 💬 “Binance listing Hamster Kombat. This only makes me believe that Binance ain’t special anymore,” crypto enthusiast Joshyy said. However, Binance’s decision to list HMSTR might be a strategic step towards capturing the massive user base of Hamster Kombat, which boasts over 200 million players. A significant portion of these players are newcomers to the cryptocurrency ecosystem. By listing HMSTR, Binance opens the door to a new wave of crypto enthusiasts. Furthermore, Binance is expanding its focus beyond individual tokens to the broader Telegram crypto ecosystem. This includes Binance Labs’ investment in Blum, a decentralized exchange (DEX) that functions as a Telegram mini-app. Not to mention, Telegram’s platform, with its 950 million monthly active users, has become a fertile ground for developers launching mini-apps aimed at this vast audience. #BinanceLaunchpoolHMSTR #HamsterKombat
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