One of the most popular ways to earn from cryptocurrencies is by trading them. You can buy low and sell high, or take advantage of price fluctuations in the market to make profits.

However, there are several other ways to earn from cryptocurrencies, including:

#Mining: Cryptocurrency mining involves solving complex mathematical problems using computer processing power to verify transactions on the blockchain. In return, miners receive a reward in the form of newly minted coins or transaction fees.

#Staking: Staking involves holding cryptocurrency in a wallet and contributing to the network's security and verification process. In return, stakers receive rewards in the form of new coins or transaction fees.

Investing: You can also earn from cryptocurrencies by investing in them and holding them for the long term. As the value of the cryptocurrency increases over time, you can sell it for a profit.

#Airdrops and giveaways: Some cryptocurrency projects offer free coins or tokens through airdrops and giveaways as a way to promote their projects and increase adoption.

Freelancing: Many freelancers now accept cryptocurrency as payment for their services. If you have a skill that can be offered online, you can earn cryptocurrency by offering your services and accepting payments in digital currencies.

Affiliate marketing: You can also earn cryptocurrency by promoting products or services related to cryptocurrency on social media or other online platforms. Some companies offer affiliate programs that pay commissions in cryptocurrency.

Keep in mind that cryptocurrency markets are highly volatile, and investing or trading in them carries significant risks. It is important to do your own research and only invest what you can afford to lose.

There are a number of exchanges like #Binance which provide a centralised platform for all the above needs of the investors.

#coingabbar

ADA has recently experienced a rebound from its existing support level.

Cardano's price is currently making an effort to recover and surpass the $0.375 level. A potential bullish momentum may arise if ADA successfully establishes itself above the resistance zone at $0.3850. 

During the previous week, #Cardano experienced a decline, reaching a crucial support zone at $0.354. Fortunately, the bulls remained active and prevented a significant downward breakthrough below $0.3540.

Following a bottom near $0.3535, the price of Cardano initiated a wave of recovery. It successfully surpassed the resistance levels at $0.365 and $0.375, demonstrating positive momentum. Furthermore, on the 4-hour chart of the ADA/USD pair, a significant breakthrough occurred as the price surpassed a crucial bearish trend line with resistance around $0.369.

Cardano's price has increased by 2% and is exhibiting several positive indications, mirroring the trends observed in Bitcoin and Ethereum. The bears have become more vigilant in safeguarding additional gains beyond the $0.3850 resistance level. A peak has been established around $0.3863, leading to a phase of consolidation for the price's recent advancements. Currently, ADA is trading above $0.3720 and remains positioned above the 50-hourly simple moving average.

The immediate resistance lies in the vicinity of the $0.386 region, while a more significant resistance is taking shape near the $0.398 threshold. If the price manages to break above the resistance levels at $0.385 and $0.398, it could potentially initiate a substantial upward surge. In such a scenario, there is even a possibility for the price to surpass the resistance zone at $0.420. Following this achievement, the next crucial resistance level to watch out for would be around $0.432, with a potential further test at $0.450

If the price of #ADA fails to surpass the resistance levels at $0.385 and $0.398, it could potentially experience a renewed downward trend. The immediate support on the downside is anticipated near the $0.375 mark. Subsequently, the next significant support level is located around $0.368, which corresponds to the 50% Fibonacci retracement level of the recent price movement, spanning from the swing low of $0.3535 to the high of $0.3863. If the price breaks below the $0.368 level, it might trigger a fresh decline towards $0.354. The subsequent major support level is estimated to be approximately $0.332.

Price Analysis predicts that the market capitalization of this ADA will be $13,279,105,022. The 24-hour trading volume of the coin is around $227,330,911.

KEY LEVELS :

RESISTANCE LEVEL : $0.3900-$0.4000

SUPPORT LEVEL : $0.3700-$0.3550

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

The year 2023 has proven to be a favourable period for cryptocurrencies, indicating a potential recovery from the losses experienced last year. Numerous coins have emerged as top performers, with meme coins taking the lead.

The cryptocurrency market in 2023 has witnessed the dominance of meme coins, with Pepe Coin (PEPE) and DigiToads emerging as two popular contenders. While PEPE initially drew investors during its rally, DigiToads is currently outperforming the market with a successful presale, gaining favour among experts.

Following the conclusion of the PEPE rally, the dynamics in the market have shifted, and DigiToads is strategically positioning itself to take the lead. PEPE, despite being one of the most promising meme coin projects and surpassing even leading crypto assets after its launch, is facing pressure and has experienced a decline of over 10%. This correction is not uncommon after a rally, as the market stabilizes and seeks a more sustainable valuation. The initial hype and speculation surrounding Pepe non-fungible tokens (NFTs) likely contributed to inflated demand and value.

The current prices of PEPE, although low, appear to be stable, potentially indicating the end of the rally. If this trend continues, it could signify the conclusion of the PEPE hype.

Meanwhile, DigiToads has positioned itself strategically in the investment landscape, capitalizing on the evolving market conditions following the initial PEPE rally. With its own native token, TOADS, and the introduction of NFTs, DigiToads has garnered significant attention from investors looking for the next promising opportunity in the digital collectibles market. In this article, we will delve into how DigiToads has emerged as a strong contender to PEPE, exploring its unique offerings and potential for success.

DigiToads Shines Bright: Gaining Visibility as a Leading Meme Coin

DigiToads has demonstrated remarkable dominance since the start of Q2 2023, with its ongoing presale significantly elevating the meme coin's reputation and attracting investor interest. The project has successfully raised over $4.2 million in the presale, which is divided into ten stages, with investors currently participating in the seventh phase.

The platform offers an engaging gaming experience where users can interact with avatars, collect TOADS through nurturing, and engage in battles. TOADS, the project's native token, serves as a functional currency for all transactions within the DigiToads ecosystem. It can be used by players to purchase weapons and other in-game items.

DigiToads also introduces support for non-fungible token (NFT) staking. NFT holders receive TOADS rewards from a 2% transaction fee whenever they stake their tokens.

In addition, DigiToads plans to host an on-chain trade contest, awarding Platinum Toads to winners every month for a year. Holders of Platinum Toads will have access to 1/12th of the TOADS treasury, allowing them to trade and potentially profit from it. The project allocates 10% of its TOADS treasury to all Platinum Toads holders.

The tokenomics of DigiToads include a 2.5% fee collected from all transactions, which is burned, effectively making TOADS deflationary. This deflationary mechanism has the potential to support prices in the long run, benefiting token holders.

#coingabbar #pepe #feedfeverchallenge #feedfeverchallenge #memecoins

On May 23, the bulls initially succeeded in pushing Solana above the critical breakdown level of $19.85. Unfortunately, their triumph was short-lived as they struggled to maintain the upward momentum. This indicates that the bears are actively selling during brief relief rallies. It is crucial to recognize that despite the initial surge, Solana's price remains exposed to additional downward pressure, making it susceptible to further declines.

The bearish market structure of #Solana persisted as prices continued to form a sequence of lower highs, amplifying the advantage for sellers. With prevailing market conditions and the breach of the $20 support level by bears, altcoin's position was further undermined.

On May 24, a bearish candle formed, causing SOL to trade within a range-bound pattern. Neither the Bulls nor the Bears have been able to establish dominance, leaving the breakout in either direction to determine the new trend.

Currently, the SOL/USD pair is trading below two key levels: the 200 hourly simple moving average and the price level of $19.70. On the 4-hour chart, there is a noticeable bearish trend line forming, which suggests strong resistance at approximately $19.70.

#SOLANA is facing resistance near the $19.70 mark. A significant resistance area follows closely around $20, which corresponds to the 50% Fibonacci retracement level calculated from the downward movement between the swing high of $21.51 and the low of $18.60. At present, the primary resistance is forming around $20.50. In the event that the price successfully surpasses and closes above $20.50, there is a possibility of a potential recovery towards the resistance zone at $21.50. If the upward momentum continues, it may extend further towards the $22 level.

If SOL fails to surpass the resistance at $20.50, it is likely to continue its downward movement. The initial level of support on the downside is expected around $19.00. Following that, a significant support area is projected near $18.80. A break below this level could potentially amplify the bearish momentum. In such a case, the price of Solana may decline further towards the support level at $18.20. The subsequent major support level to monitor would be approximately $17.50.

Based on Price Analysis, the market capitalization of this SOL is $7,718,058,807. The 24-hour trading volume of the coin is around $126,396,745.

KEY LEVELS :

RESISTANCE LEVEL : $20.00-$20.80

SUPPORT LEVEL : $18.70-$18.00

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

Following a period of approximately two months in a consistent correction phase, there are early indications of a potential recovery in the XRP price. This is evident through the breakout of a falling channel pattern. On May 26th, the daily chart displayed a clear and decisive breakout above the resistance trendline of the pattern.

#Ripple is experiencing an upward trend, surpassing $0.4750 in value compared to the US Dollar, following a similar pattern to Bitcoin.

In order for #XRP to maintain its bullish momentum, it is important for the price to stay above the support level of $0.4700. After establishing a foundation above the $0.4120 mark, Ripple's price initiated a new upward movement against the US Dollar. The XRP/USD pair successfully breached the resistance at $0.432, leading to a shift into a positive zone.

Ripple demonstrated a notable breakthrough above the key resistance level at $0.450. The bullish momentum persisted, propelling the price beyond both the $0.470 resistance level and the 50 Moving Average. A peak was reached around $0.4863, and currently, the price is consolidating its recent gains. Presently, Ripple is trading above $0.475 and remains above the 50 hourly simple moving average.

XRP is encountering a barrier around $0.4860, which acts as a point of resistance. The subsequent significant resistance level lies near $0.4920. If there is a decisive breakthrough above this resistance zone, it could potentially trigger a substantial upward movement. In such a scenario, there is a possibility for the price to surpass the resistance at $0.5000. Further gains might propel the price towards the resistance level at $0.5120.

If XRP is unable to surpass the $0.4850 mark, it could experience initial support near the $0.4750 level. Subsequently, a major support level can be found around $0.4700. Additionally, a significant bullish trend line is being formed, providing support near $0.4640 on the 4-hour chart of the XRP/USD pair. Further downward movement may lead the price towards the $0.4500 level, and if it fails to hold, there is a possibility of testing $0.4320.

Based on Price Analysis, the current market capitalization of XRP is approximately $24,984,256,589. Moreover, the coin's trading volume over the past 24 hours stands at around $703,621,012.

KEY LEVELS :

RESISTANCE LEVEL : $0.4900-$0.5050

SUPPORT LEVEL : $0.4700-$0.4550

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

On May 28, buyers successfully pushed Ether above the resistance line, suggesting a potential conclusion to the corrective phase. Notably, Ethereum has recently exhibited a bullish signal as it found support at the 100-day moving average of $1,800, leading to a notable price surge.

Ethereum's price underwent a correction after facing resistance at $1,920 against the US Dollar. However, the current support suggests a potential upward movement towards $2,000.

#Ethereum began a notable rise, surpassing the $1,800 resistance level. It even broke $1,880 before encountering selling pressure near $1,920, resulting in a decline, mirroring the situation observed with Bitcoin.

ETH experienced a downward correction, breaching the $1,900 and $1,885 levels. It briefly dipped below the 50% Fibonacci retracement level of the upward movement from the $1,824 swing low to the $1,928 high. Nevertheless, the bulls demonstrated strength by defending the $1,870 level.

On the hourly chart of ETH/USD, a significant bullish trend line is taking shape with support around $1,880. This trend line closely aligns with the 61.8% Fibonacci retracement level of the upward movement from the $1,824 swing low to the $1,928 high. Currently, Ethereum remains above the $1,880 level and the 50-hourly Simple Moving Average.

The immediate resistance level to watch for is around the $1,920 zone. A decisive breakthrough above this resistance could potentially propel Ether towards the $1,960 mark. The subsequent hurdle lies near $2,000, surpassing which Ethereum may gather momentum towards $2,040. If further gains occur above the $2,040 resistance zone, the price could potentially target the $2,100 resistance level.

If #ETH is unable to surpass the $1,920 resistance, there is a possibility of further downward movement. The initial support on the downside is approximately at the $1,885 level. The subsequent significant support lies around the $1,870 zone, coinciding with the trend line. If the price closes below the $1,870 support, it could potentially decline towards the 100 hourly Simple Moving Average. Further losses might lead the price towards the $1,815 level in the upcoming sessions, and if it drops below that, it could test the $1,800 mark.

Based on price analysis, the market capitalization of ETH is approx at $228,813,578,772. The 24-hour trading volume is expected to be $4,773,407,689.

KEY LEVELS :

RESISTANCE LEVEL : $1,940-$1,980

SUPPORT LEVEL : $1,860-$1,810

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

Ethereum price hit a new multi-month high above $3,200, consolidating as Bitcoin surged past $55,000.
Within the last 30 days, Ethereum saw an impressive 48.5% increase, breaking through the $3,200 barrier for the first time since April 2022.The surge may be influenced by expectations surrounding a potential Ether exchange-traded fund (ETF) in the US, pending approval from the SEC.Daily chart analysis suggests the rally has approached the upper boundary of an expanding channel pattern.Close to the $3,300 level, encountering the upper trendline could trigger a correction due to significant selling pressure.Failing to maintain levels above $3,300 might lead to support around $3,000.Breaking above the trendline could fuel a push towards the $3,500 level.The critical question is whether Ethereum will break the trendline and continue its upward trend or experience a temporary halt.According to Coingabbar Prediction, Ethereum price prediction 2030 is around $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $3,300-$3,380
SUPPORT LEVEL : $3,200-$3,130
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#TrendingTopic #ETH #crypto2024 #dyor #coingabbar $ETH @Coingabbar Analysis @CZ @Binance Research @Binance Square Official

During the last three weeks, Cardano's price has shown stability, maintaining a consistent level above the support trendline of the channel pattern. Throughout this period, investors and traders have actively accumulated assets at this dynamic support level. This increased accumulation has led to a positive change in market sentiment, evident in the bullish reversal witnessed on the daily chart.

#Cardano value is surging beyond $0.380 against the US Dollar, following a similar trajectory as Bitcoin. If the $0.385 resistance level is convincingly surpassed, ADA's price might experience a significant rally.

This week, Cardano's value initiated a consistent uptrend, surpassing the $0.362 resistance area against the US Dollar. The ADA/USD pair exhibited momentum, breaching the $0.370 and $0.375 thresholds.

In addition, the 4-hour chart revealed a breakthrough of a significant bearish trend line with resistance around $0.3700. The bulls managed to drive the price above the $0.380 resistance level. However, as the price approached $0.385, the bears emerged, leading to a high point near $0.3863, followed by a corrective decline.

Cardano experienced a minor drop below $0.382, briefly dipping below the 23.6% Fibonacci retracement level of the upward movement from the $0.3535 swing low to the $0.3863 high. Despite this, ADA's price remains above $0.370 and the 100-hourly simple moving average, indicating positive indications above the $0.380 level.

The immediate resistance around the $0.3850 level, followed by a significant resistance near the $0.3880 zone. If there is a decisive breakthrough above the $0.3880 resistance, it could potentially trigger a robust upward movement towards the $0.400 mark. Further upward momentum beyond $0.400 might propel the price towards the resistance levels at $0.420 or potentially even $0.432.

In the event that #ADA fails to surpass the resistance levels at $0.385, there is a possibility of a renewed downtrend. It is expected that the immediate support on the downside will be near the $0.3760 level. Following this, the next notable support level is situated around $0.368, which aligns with the 50% Fibonacci retracement level of the recent price movement, ranging from the swing low of $0.3535 to the high of $0.3863. If the price breaks below the $0.368 level, it could potentially trigger a fresh decline towards $0.354.

Price Analysis predicts that the market capitalization of this ADA will be $13,279,967,145. The 24-hour trading volume of the coin is around $171,044,381.

KEY LEVELS :

RESISTANCE LEVEL : $0.3900-$0.4000

SUPPORT LEVEL : $0.3700-$0.3550

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

NewQCDCoin Fuels AI in CRMs and Boosts Efficiency
In the ever-evolving landscape of technology and business, the emergence of cryptocurrencies has catalyzed a revolution. Among these, NewQCDCoin (NQCD) stands as a pioneering force, not just as a digital currency but as a conduit for real technological advancement.
Its vision extends beyond conventional crypto realms, aiming to integrate artificial intelligence (AI) into CRM systems, redefining human-tech interactions.
Information about NQCD Tokens:
NQCD isn’t just another cryptocurrency, it’s tethered to a tangible business model, offering smart services. It serves as a digital asset with multi-dimensional functionalities. A breakdown of the distribution of tokens, emphasizing the commitment to business development, team motivation, and reserves for future growth.
It helps in highlighting how funds from token sales will power the integration of AI into CRM systems, streamlining customer relationship management, and enhancing business efficiency. Moreover, users can discuss the potential for token holders to engage in cryptocurrency trading and investment, outlining the benefits and profit prospects.
The ownership of NQCD tokens offers holders exclusive privileges, including discounts on smart gadgets and participation in business development.
Features of NQCD Tokens:
Real Business Backing: Tied to a genuine business offering smart gadgets and integrating AI into CRM systems.Participation in Development: Token holders actively contribute to business expansion and product/service improvement.Digital Asset & Investment Potential: Functions as a digital asset, enabling participation in crypto transactions and potential profit gains.Exclusive Privileges: Offers exclusive discounts, privileges, and access to limited editions for holders.Token Allocation Transparency: Transparent distribution of tokens for development, team incentives, and ecosystem growth.
Launching of NQCD Tokens:
IEO Phases: Overview of the Initial Exchange Offering phases and pricing structure, highlighting the benefits of early participation.Token Price Evolution: The progression of token prices from IEO stages to spot trading listings, showcasing the potential for early investors to gain.Business Development Roadmap: Plans for AI integration, gadget development, and ecosystem expansion using funds raised from token sales.
Conclusion:
In summary, NewQCDCoin represents a quantum leap in the cryptocurrency landscape, not merely as a digital token but as a conduit for technological evolution.
Its integration with AI in CRM systems, coupled with real business backing, offers a unique proposition to token holders. As it launches into the market, early participants stand to gain not only from potential profits but also from actively shaping the future of a tech-driven ecosystem.
#QCDCoin #NewQCDCoin #Cryptonewsdaily #coingabbar

Visit: coingabbar

Ethereum fees have plunged by 69% from their yearly high of $14 per ETH transaction in May. This is good news for users who have been complaining about the high cost of using the Ethereum network. It could also be a sign that the Ethereum network is becoming less congested, which could lead to faster transaction times.

There are a few reasons why Ethereum fees have fallen. One reason is that the number of transactions on the Ethereum network has declined. This is likely due to a number of factors, including the recent bear market and the rise of alternative Layer 2 solutions.

Another reason for the decline in Ethereum fees is the upcoming transition to Ethereum 2.0. Ethereum 2.0 is a major upgrade to the Ethereum network that will make it more scalable and efficient. One of the key features of Ethereum 2.0 is the use of sharding, which will divide the Ethereum network into smaller shards. This will allow for more transactions to be processed on the network at the same time, which will help to reduce fees.

The decline in Ethereum fees is good news for users who have been complaining about the high cost of using the Ethereum network. It could also be a sign that the Ethereum network is becoming less congested, which could lead to faster transaction times. However, it is important to note that the Ethereum network is still under development, and it is possible that fees could rise again in the future.

Here are some of the implications of the decline in Ethereum fees:

More users may be willing to use the Ethereum network. The high cost of using the Ethereum network has been a major barrier to adoption. With lower fees, more users may be willing to use the network for transactions, DeFi, and other applications.

The Ethereum network may become more competitive. With lower fees, other Layer 1 and Layer 2 networks may face more competition from Ethereum. This could lead to innovation and improvements in the overall ecosystem.

The price of ETH may rise. Lower fees could make ETH more attractive to investors. This could lead to an increase in the price of ETH.

Overall, the decline in #Ethereum fees is a positive development for the network and the ecosystem. It will be interesting to see how the network evolves in the coming months and years.

#coingabbar #feedfeverchallenge #ETH #crypto2023

Similar to Bitcoin, Ethereum, the second-largest cryptocurrency, is currently demonstrating a robust bullish momentum following a successful support bounce near the $1820 level.

#Ethereum has initiated a rebound above the $1,850 mark against the US Dollar, signalling a recovery wave. To sustain the upward momentum in the short term, Ethereum needs to surpass the $1,940 threshold.

Throughout this period, Ethereum's price has maintained support above $1,750 and established a foundation. As a result, it has now commenced a new upward movement by breaching the $1,820 resistance, following a pattern similar to Bitcoin.

The bulls successfully pushed the price above the critical $1,850 resistance level, surpassing the upper channel of the falling wedge pattern. Additionally, the price even experienced a spike above the $1,900 mark. However, the bears are persistently exerting pressure around the $1,920 resistance level. A peak has been reached around $1,928, and as of now, the price is consolidating its gains.

At present, Ethereum is positioned above the $1,850 level and the 50-hourly Simple Moving Average. On the hourly chart of ETH/USD, an important bullish trend line is taking shape, providing support around $1,870. The current trading range finds the price in proximity to the 23.6% Fibonacci retracement level, which corresponds to the recent upswing from the $1,837 low to the $1,928 high.

The immediate zone of resistance is located around $1,920, followed by a significant resistance level near $1,940. If the price manages to close above this $1,940 resistance, it has the potential to propel Ether towards the $2,000 mark. Subsequently, the next resistance level is positioned around $2,050, and a successful breakthrough above it could lead Ethereum to climb further towards $2,120. Beyond the $2,120 resistance zone, there is a possibility of additional gains that could push the price towards the $2,250 resistance level.

If #ETH is unable to surpass the $1,940 resistance, a potential downside correction may ensue. The initial support to watch for is approximately around the $1,880 level, which aligns with the trend line and the 61.8% Fibonacci retracement level of the recent upswing from the $1,837 low to the $1,928 high. If the price fails to hold above the $1,860 support level and subsequently closes below it, there is a possibility of revisiting the $1,840 support. Further losses could potentially lead the price towards the $1,800 level.

Based on price analysis, the market capitalization of ETH is approx at $229,123,076,442. The 24-hour trading volume is expected to be $6,889,605,610.

KEY LEVELS :

RESISTANCE LEVEL : $1,940-$1,980

SUPPORT LEVEL : $1,860-$1,810

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

On May 28, #ETH broke above the falling wedge pattern and successfully held the retest on June 1. However, the bulls were unable to initiate a new upward trend, which provided an opportunity for the bears to make a comeback.

On June 5, sellers pulled the price below the moving averages, which accelerated the selling. As a result, the ETH/USDT pair plummeted below the resistance line of the wedge pattern.

Ethereum experienced a bearish trend, falling below $1,860 against the US Dollar. Several indicators suggest further downward movement, potentially reaching as low as $1,720. Ethereum struggled to surpass the resistance at $1,920 and subsequently began a significant decline below key support levels at $1,900 and $1,880. This downward movement mirrors the bearish sentiment observed in Bitcoin.

#Ethereum faced selling pressure, resulting in a dip below the important support level of $1,840. Additionally, the hourly chart of ETH/USD witnessed a break below a bullish trend line connecting with support around $1,900. As a result, the price declined by over 3% and approached the support level at $1,775.

ETH hit a low of $1,778 before entering a consolidation phase in an attempt to recover from its losses. Gradually, there has been an upward movement, surpassing the 23.6% Fibonacci retracement level from the recent decline between the swing high of $1,915 and the low of $1,778. Despite this progress, Ether is currently trading below both the $1,865 level and the 50-hourly Simple Moving Average.

Ethereum is currently facing a crucial resistance level at $1,830, which could potentially hinder its upward momentum. However, if it manages to surpass this level, the next significant resistance can be found at $1,850. A successful breach of these resistance levels could propel Ethereum towards $1,900, with the next resistance positioned near $1,920. Breaking through this level might push the price towards $1,965, and further gains beyond this zone could pave the way for Ethereum to approach the $2,000 resistance level.

On the other hand, if Ethereum struggles to surpass the resistance at $1,840, it may experience further downward movement. The initial support level on the downside is around $1,775, followed by a more significant support zone near $1,740. A break below the $1,740 support could potentially lead to a decline towards the $1,700 support level. Subsequent losses might push the price towards the $1,660 level, and potentially even as low as $1,640.

Based on price analysis, the market capitalization of ETH is approx at $218,283,840,563. The 24-hour trading volume is expected to be $8,693,526,427.

KEY LEVELS :

RESISTANCE LEVEL : $1,840-$1,880

SUPPORT LEVEL : $1,780-$1,740

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

In 2023, cryptocurrency continues to be a popular and potentially lucrative investment option. While it's important to note that the cryptocurrency market can be volatile and unpredictable, there are several proven methods that people have used to make money with cryptocurrency. Here are seven strategies you can consider:

1. Trading: Cryptocurrency trading involves buying and selling digital currencies with the aim of making a profit from short-term price fluctuations. Traders use technical analysis, market trends, and other indicators to make informed trading decisions. It's important to note that trading requires a deep understanding of the market and carries risks.

2. Long-term investing: Some investors prefer to take a long-term approach and hold onto their cryptocurrencies with the expectation that their value will increase over time. This strategy involves researching and investing in promising projects or established cryptocurrencies with strong fundamentals.

3. Staking: Staking is a process that involves holding and "staking" specific cryptocurrencies in a wallet to actively contribute to the operations of a blockchain network. By participating in staking, individuals can earn rewards in the form of additional cryptocurrency tokens. This approach not only enables you to generate passive income but also plays a crucial role in enhancing the network's security and decentralization.

4. Mining: Cryptocurrency mining is a process that utilizes robust computers to solve intricate mathematical problems, verifying transactions and safeguarding the integrity of the blockchain network. Miners are incentivized for their computational contributions with freshly minted cryptocurrency tokens. Nevertheless, it's important to note that mining can be demanding in terms of resources, necessitating substantial investments in hardware and electricity.

5. Initial Coin Offerings (ICOs): ICOs are fundraising events where new cryptocurrency projects sell their tokens to investors. If you can identify promising projects and participate in their ICOs, you may be able to purchase tokens at a discounted price. However, it's important to conduct thorough research and be cautious of potential scams or projects with dubious intentions.

6. Airdrops and bounty programs: Some cryptocurrency projects distribute free tokens to holders of specific cryptocurrencies or offer rewards for completing certain tasks or promoting their project. Participating in airdrops and bounty programs can be a way to acquire new tokens without direct investment, but it often requires active engagement and research.

7. Freelancing and accepting cryptocurrency payments: If you have skills or services to offer, you can consider freelancing and accepting cryptocurrency payments. This can expand your potential client base and provide an opportunity to accumulate cryptocurrencies that may appreciate in value over time.

Remember, investing in #cryptocurrency involves risks, and it's crucial to conduct thorough research, stay updated with market trends, and only invest what you can afford to lose. It's advisable to consult with a financial advisor or seek expert opinions before making any investment decisions.

#coingabbar #crypto2023 #feedfeverchallenge #dyor

On May 28th, there was a notable surge in the cryptocurrency market, enabling the Ethereum price to successfully break above the downward sloping resistance trendline of the wedge pattern.

#Ethereum has experienced a recent downtrend after facing resistance at the $1,920 mark against the US Dollar. The prolonged stay below this crucial level puts ETH at risk of further losses. The decline began as Ethereum failed to surpass the resistance zone, leading to a drop below the $1,880 level. Consequently, the market sentiment turned bearish in the short term, mirroring the situation in Bitcoin.

Ethereum price witnessed a significant downward movement, breaching the $1,860 level and testing the support at $1,840. After reaching a low point around $1,840, the price is currently consolidating the losses. It is currently undergoing a test of the 50% Fibonacci retracement level, which is based on the recent decline from the swing high of $1,889 to the low at $1,840.

Currently, Ethereum is trading below the $1,880 level and the 100-hourly Simple Moving Average (SMA). On the hourly chart of ETH/USD, a significant bearish trend line is taking shape, indicating resistance around $1,880.

The immediate resistance for Ethereum is located around the $1,865 area, followed by a more significant resistance at $1,880. If there is a successful breakthrough above these resistance levels, Ether has the potential to reach $1,900. Furthermore, surpassing the $1,920 mark could further propel Ethereum's price towards the $2,000 level. In the event of sustained upward momentum, the price might even target the $2,080 resistance.

If #ETH is unable to overcome the $1,880 resistance, a continuation of the downward movement is possible. The initial support level on the downside is located around $1,840, followed by a more significant support at the $1,820 zone. A close below this support could potentially lead to a further decline towards the $1,800 support level. In the coming sessions, if the downward momentum persists, there is a possibility of the price reaching the $1,740 level or potentially even as low as $1,720.

Based on price analysis, the market capitalization of ETH is approx at $223,163,349,328. The 24-hour trading volume is expected to be $5,954,495,570.

KEY LEVELS :

RESISTANCE LEVEL : $1,880-$1,920

SUPPORT LEVEL : $1,830-$1,780

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #feedfeverchallenge #crypto2023

Asset Managers File 19b-4 for Bitcoin ETFs from Jan 5
Spot Bitcoin ETF is the hottest topic nowadays, and the decision by the SEC could come anytime. The experts expect that the decision will come by January 10, and we will get complete information on that.
Throughout the process, a series of 19b-4 amendments were submitted for spot Bitcoin ETF applications by a cadre of prominent asset managers on January 5.

Among those filing amendments were well-known entities such as BlackRock, Valkyrie, Grayscale, Bitwise, Hashdex, ARK 21Shares, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck, and WisdomTree.
These filings represent a crucial stage in the SEC approval process, indicative of efforts to establish clear pathways for offering investment securities directly linked to the crypto market.
19b-4 Filings and Pending S-1 Documentation for Bitcoin ETF Approval
These filings mark a crucial stage in the SEC’s approval process, but further documentation, particularly the completion of S-1 documents, is necessary before U.S. exchanges can begin listing investment securities directly tied to cryptocurrencies.
Anticipation surrounds the possibility of final approval for spot Bitcoin ETFs dropping before January 10th, coinciding with the offering deadline from ARK Invest and 21Shares. Should approval be granted, it could pave the way for broader adoption of cryptocurrencies both in the United States and globally.
Expert Opinions Differ on Potential Bitcoin ETF Approval
Bloomberg’s ETF analyst, Eric Balchunas, voiced confidence in the SEC’s potential approval for a Bitcoin ETF, drawing from various sources.
Balchunas indicated an expected submission of final S-1 documents by Monday, aligning for a prospective January 11th launch and aiming to synchronize multiple stakeholders.
However, contrasting this optimism, U.S. financial advisers exhibit varied sentiments concerning the SEC’s green light for a Bitcoin ETF.
The recent initiation of 19b-4 filings by major asset managers marks a crucial juncture in the pursuit of Bitcoin ETF approval, sparking hope and anticipation in the financial sphere.
Both industry insiders and investors seeking expanded cryptocurrency exposure in conventional financial markets eagerly await the forthcoming outcome.
#BitcoinETF💰💰💰 #CryptoNews🔒📰🚫 #coingabbar #Cryptocurrency.traders

#ShibaINU coin price has been stagnant for more than two weeks, oscillating between two fixed levels of $0.0000116 and $0.00001020. During this period, the coin price has displayed a cluster of daily candles, highlighting the market's persistent uncertainty.

In February, the SHIB price trend shifted from a downtrend to a sideways movement due to market uncertainty. As a result, potential buyers should avoid trading in this region and wait for a price breakout to release the trapped momentum.

As per recent news, the SHIB price has been on a robust upward trend, surpassing the critical resistance level of $0.000011000. The Meme coin is currently trading above its 20, 50, 100, and 200-day moving averages, indicating a strong bullish sentiment in the market. This is an encouraging sign for investors, as the SHIB price may continue to soar in the near future.

Shiba Inu (SHIB) has recently seen a substantial increase of nearly 5.50%, resulting in a test of the $0.00001100 resistance level. Although there is potential for further upward momentum, it is crucial to note that if SHIB surpasses the $0.000011800 barrier, a sudden spike in price may occur towards $0.000015800.

The initial obstacle lies at the $0.000011800 level. Once we surpass this hurdle, our attention can shift towards the first major challenge, which is situated near $0.000012000. A successful breakthrough at this point could trigger a significant upward trend in the token's value. In fact, if the token can maintain its position above $0.000012500, we may witness a remarkable surge in price, reaching as high as $0.000013000. Such a development could potentially lead to further advancements, propelling the price towards the $0.000015800 barrier.

If SHIBA fails to surpass the $0.000011800 barrier, it may experience a continued decline. The major support level is currently at $0.000011000, and if the price falls below this level, selling pressure could intensify. This could potentially push SHIBA towards the $0.000010500 support zone in the near term. In such a scenario, the price of SHIBA may fall in the short future towards the $0.000010000-$0.000009800 support zone.

KEY LEVELS :

RESISTANCE LEVEL : $0.000011800-$0.000012500

SUPPORT LEVEL : $0.000011000-$0.000010000

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #crypto2023 #SHIB

Ripple, a leading blockchain technology company, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) over the sale of its digital asset, XRP. In an effort to maintain the current state of affairs, Ripple has filed an appeal in the ongoing lawsuit.

The appeal seeks to preserve the status quo, which allows #XRP to be traded on various cryptocurrency exchanges. #Ripple argues that XRP is not a security and therefore should not be subject to SEC regulations.

This legal dispute has significant implications for the cryptocurrency industry as a whole, as it could set a precedent for how digital assets are regulated in the United States. As such, it is being closely watched by investors, regulators, and industry experts alike.

Despite the ongoing legal battle, Ripple remains committed to its mission of revolutionizing the way money moves around the world. The company continues to innovate and develop new technologies that have the potential to transform the financial industry.

#coingabbar #crypto2023 #crypto