🌟 Enthralled to present the part of illustrious lineup for 'AI Summit - THE SCALING' hosted by @0x499, co-hosted by @NEARProtocol and supported by @cointelegraph & @storyprotocol !
Welcome our distinguished special guest:
Emad Mostaque, Founder of @StabilityAI & @SchellingAI
Alex Skidanov, Co-founder
@NEARProtocol
Ahmad Shadid, Founder @ionet
Prestigious partner:
@scaling_x @DFG__Official @hetu_protocol @paramita_vc @borderless_cap @hack_vc @DraperDragon @0G_labs @OraProtocol @ritualnet @edgeaiofficial @getmasafi
With our major media partner:
@Foresight_News @followin_io
🗓️ September 16-17, 2024, Alumni house | NTU one-north, Singapore
⚜️ Don’t miss this opportunity to gain unparalleled insights! #THESCALING
More distinguished guests will be revealed soon. Stay tuned!😉
😱🚀🚀The five Altcoins that marked the day were surprising: They are at the top!
MAGA (TRUMP) Maga (#TRUMP ), which earned a profit in honor of US presidential candidate Donald Trump, was the highest-rising altcoin of the day. TRUMP has increased by over 40 percent in the last 24 hours.
According to CoinGecko systems, TRUMP recorded a trading volume of $10 million in the last 24 hours. The market value of the memecoin, which was launched on the Ethereum blockchain, reached 170 million.
Io.net ($IO ) Focusing on the field of informatics and providing GPU services, Io.net (IO) was one of the altcoins that stood out on the day. Artificial intelligence and supercomputer initiative IO has increased by 20 percent in the last 24 years.
IO recorded a trading volume of $118 million in the last 24 years. IO, one of the new players of 2024, has a market information of $186 million.
Popcat (#POPCAT ) Popcat (POPCAT), inspired by the open-mouthed cat group, which is one of the internet jokes and located in the Solana ecosystem, left its mark on the day. Solana blockchain's popular memecoin has increased by over 15 percent in the last 24 hours.
POPCAT has recorded a trading volume of $58 million in the last 24 years. Memecoin has $500 million worth of market products.
Artificial Superintelligence Alliance ($FET ) With the entry into the market of Ocean Protocol, SingularityNET and Fetch.ai, Artificial Superintelligence Alliance (FET) has increased by 14.5 percent in the last 24 years. The FET day, where three artificial intelligence projects came together under one roof, was at the summit.
ASI has recorded a trading volume of $300 million in the last 24 years. The artificial intelligence initiative is hosted in the $2.6 billion market.
{spot}(IOUSDT)
{spot}(FETUSDT)
#altcoins
URGENT UPDATE REGARDING $BTC $PEPE $SUN
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1️⃣ BTC: BTC is experiencing a notable increase of 2.58% to 60,873.45, indicating a potential continuation of the uptrend. To sustain this momentum, BTC must break above the 61,500 level and close above 62,000. Failure to do so could lead to consolidation.
2️⃣ PEPE: PEPE is surging with a notable increase of 2.59% to 0.00000791, indicating a potential breakout. To sustain this momentum, PEPE must break above the 0.000008 level and close above 0.000009. Failure to do so could lead to consolidation.
3️⃣ SUN: SUN is experiencing a significant decline of 4.84% to 0.0173, indicating a potential correction. To reverse this trend, SUN must break above the 0.018 level and close above 0.019. Failure to do so could lead to further downside.
KEY LEVELS TO WATCH:
- BTC: 60,500 (support), 61,500 (resistance)
- PEPE: 0.0000075 (support), 0.000008 (resistance)
- SUN: 0.017 (support), 0.018 (resistance)
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#BTC #Write2Earn! #BinanceTurns7#CryptoMarketMoves #PowellAtJacksonHole
#BreakingNews 🇮🇳✔️🙏
India prepares to regulate #Cryptocurrency as govt seeks public input: - Full Report
India is gearing up to regulate cryptocurrency and is asking for public input. A consultation paper by the Department of Economic Affairs is expected to be released soon.
India is getting ready to regulate cryptocurrency, & the government is taking an important step in that direction. A panel led by the Secretary of the Department of Economic Affairs (DEA) is working on a consultation paper, which is expected to be released between September and October this year, according to a report by CNBC TV-18.
This paper will ask for input from stakeholders, including industry experts, companies, and the public, on how cryptocurrencies should be regulated in India. This move is part of the government's broader efforts to determine how digital currencies will be handled in the country.
Source - As per Business Today Desk
#ZROUSDT🎯🎯 Faces Key Resistance: Breakout or Rejection Ahead? $ZRO
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{future}(ZROUSDT)
The ZRO/USDT pair is currently trading at $3.615, slightly down by 0.11% in the last session. The price is facing resistance around the 200-period moving average (SMA) at $3.42, suggesting a potential challenge in overcoming this level. The RSI is at 68.39, indicating the market is approaching overbought conditions, while the MACD histogram shows slight bullish momentum.
Bullish Scenario:
If ZRO/USDT can break and sustain above the $3.42 level (200-period SMA), it could signal a continuation of the bullish trend. Traders may target higher resistance levels around $3.80 and $4.00 as potential upside targets.
Bearish Scenario:
Conversely, if the price fails to break the 200-period SMA and faces rejection, this could lead to a pullback towards the support level around $3.20. A further decline might target $3.00 as the next significant support level.
Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always perform your own research before making any investment decisions.
#6thTrade #BecomeCreator #Market_Update #MarketSentimentToday
👉👉👉 #SolanaWhales Dump $1.41 Million in Assets: Market Speculations Intensify
Whale Activity and Solana's Stability: Key Takeaways
- On August 21, a significant whale sold 10,000 SOL (about $1.41 million), drawing attention to Solana's market stability. This transaction is part of a broader sell-off by the same whale, who has offloaded 114,300 SOL ($16 million) since August 4. The substantial divestment raises concerns about Solana's market prospects.
Market Reactions and Investor Sentiment
- The whale's sell-off has triggered mixed reactions. Some investors remain hopeful about Solana’s long-term potential, citing its technology and adoption. Others are cautious, worried about the impact of large-scale sell-offs and recent volatility. While supporters view current price swings as temporary, skeptics call for a more measured outlook.
External Factors Affecting Solana
- Solana’s recent decline, down 2% to around $143 according to CoinGecko, is influenced by broader market uncertainties, including regulatory discussions on potential spot ETFs in the U.S. These factors contribute to the current price fluctuations.
Long-Term Outlook
- Despite short-term volatility, analysts believe Solana’s strong fundamentals—performance and low transaction costs—could support a rebound. Future developments and partnerships may drive renewed interest.
Conclusion
The recent whale sell-off highlights challenges for Solana’s stability. As the situation unfolds, investors will be closely watching to gauge Solana’s future trajectory.
Source - en.coinotag.com
#CryptoNewsCommunity #BinanceSquareTrends #CryptoMarkets
$TRX Price Prediction: The Rally Might Be Shortlived - BeinCrypto Analytics
An analysis of TRX’s key momentum indicators suggests a potential correction may be on the horizon. Currently, its Relative Strength Index (RSI) is 84.76, while the Money Flow Index (MFI) is 91.07. Both indicators assess whether an asset is overbought or oversold. When the RSI exceeds 70, it signals that the asset is overbought and could be due for a pullback. Similarly, an MFI reading above 80 indicates that the market is overbought and a correction may be imminent.
The elevated RSI and MFI values indicate that TRX’s market may be overheating, with signs of buyer exhaustion. As demand wanes and selling pressure increases, TRX is likely to enter a downtrend. If this scenario unfolds, TRX’s price could retreat to $0.14, representing a 13% decline from current levels. However, if the uptrend continues, TRX may reclaim its year-to-date high of $0.17.
Over 30% of Dogecoin, Shiba Inu, Pepe holdings underwater
On Thursday, Dogecoin and PEPE prices came down, but Shiba Inu rose.
Between 30% and 70% of meme coin wallet addresses have unrealized losses.
Shiba Inu's on-chain activity grows while Dogecoin and PEPE fall.
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE)—the top meme currencies by market capitalization—trade between minor gains and losses on Thursday, following the major crypto assets. DOGE and SHIB gained 3% to 4% in the last week, while PEPE lost 1.37%.
On-chain data indicates Shiba Inu activity growing while Dogecoin and PEPE activity has reduced after August 16.
SHIB on-chain activity surges, DOGE and PEPE lag.
All three meme currencies peaked on August 16 according to Santiment's active addresses table. As seen in the chart below, Dogecoin and PEPE have performed worse than SHIB since then, slowing activity.
PEPE dropped from 2,698 to 2,372 and DOGE from 55,295 to 38,911.
After a minor increase on August 16, Shiba Inu active addresses had risen about 22%.
Between 30% and 70% of wallet addresses holding the top three meme currencies have unrealized losses, according to IntoTheBlock's Global In/Out of the Money statistic.
Traders seldom realize losses on their holdings, thus a sell-off is less likely if a big proportion of wallet addresses are underwater. Wallet addresses with unrealized losses may wait until their assets are lucrative before selling.
DOGE wallets are 45% submerged, SHIB 72%. In contrast, just 31% of PEPE investors are losing.
The analysis reveals that Shiba Inu has the biggest proportion of wallet holders with unrealized losses, making it less likely to sell off than the other two meme currencies.
On Thursday, Shiba Inu trades at $0.00001414, up 0.14%, while Dogecoin and PEPE trade at $0.1057 and $0.00000791.
#PEPE #DOGE #SHIB
Evaluating the Momentum: #MASK/USDT at a Crossroad
$MASK
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the MASK/USDT pair is currently trading at $2.115, showing a slight decline of 0.84% in the last session. The price recently broke above a critical resistance level and is now hovering around the $2.115 mark. The 200-period moving average is at $1.998, and the price is comfortably above it, suggesting a bullish medium-term trend. The RSI is at 69.80, indicating that the asset is nearing overbought territory. The MACD histogram is positive, with a MACD line crossing above the signal line, reinforcing the bullish momentum.
Bullish Scenario:
If the price sustains above the $2.100 level, we could see further upside potential. The next significant resistance level is around $2.30, where traders may look to take profit. If momentum continues, a move towards $2.50 could be anticipated.
Bearish Scenario:
Conversely, if the price fails to hold above $2.100 and declines below the $2.00 mark, it could signal a pullback. The next support level is around the 200-period MA at $1.998, followed by stronger support at $1.80.
Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always perform your own research before making any investment decisions.
#6thTrade #BecomeCreator #Marketupdate #MarketSentimentToday
#BAL/USDT Approaches Key Resistance
$BAL
{spot}(BALUSDT)
{future}(BALUSDT)
The BAL/USDT pair is currently trading at $2.09, with a slight decrease of 0.24% in the latest session. The price is approaching a key resistance level around $2.10, which has been a significant barrier in previous trading sessions. The 200-period moving average at $1.95, below the current price, suggests a bullish short-term trend. However, the RSI is at 72.07, indicating overbought conditions, while the MACD shows a positive trend with a mild upward momentum.
Bullish Scenario:
If BAL/USDT can break above the $2.10 resistance level and sustain that breakout, it could signal the continuation of the bullish trend. Traders may target higher resistance levels around $2.20 and $2.30 as potential upside targets.
Bearish Scenario:
Conversely, if the price fails to break the $2.10 resistance and declines below the support at $2.00, this could indicate a possible reversal. The next significant support level is around $1.90, where traders might expect buying interest to re-emerge.
Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always perform your own research before making any investment decisions.
#6thTrade #BecomeCreator #MarketSentimentToday #Market_Update