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Amee Lomas PDI1
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How much money have you invested in digital currencies?

#Ú©Ű±ÛŒÙŸŰȘو #Write2Earn #sanor016CommUNITY $BTC
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XRP First Death Cross in 2024 Arrives; Here's Price Implication.

XRP has formed its first death cross in 2024, a technical indicator that is often considered a bearish sign for the market.

A death cross is formed when a short-term moving average (MA) crosses below a
long-term MA, suggesting bearish
implications for the price.

XRP's 50-day simple moving average (SMA) crossed below its 200-day SMA, marking the first death cross for the coin since September 2023.

The death cross is typically regarded as a lagging indicator, implying that the downtrend has already been in place for some time and that the cryptocurrency might already be oversold by the time the death cross appears. More often than not, XRP death crosses have initiated a bottoming phase for the XRP price.

For instance, XRP bottomed at lows of $0.483 shortly after the formation of a death cross on its charts last September and went ahead to reach highs of $0.75 in November, less than two months later.

XRP has been on a steady decline since November 2023, when it reached a high of $0.75. Since then, the coin has lost more than 34% of its value, trading down 2.58% in the last 24 hours to $0.495.

What's next for XRP price?

XRP has fallen below the $0.50 market price for the first time since Oct. 19.
According to Santiment, XRP experienced the most $1 million whale transactions on the network, reaching 217, since prices surged following a judge's finding that Ripple had breached no securities laws in July 2023. Santiment remarked that the whales do not appear to be panicked.

As it stands, bulls are desperate to get the XRP price back above $0.50. If the price remains below $0.50, XRP may fall to the next key support level at $0.46.

The daily moving averages represent the first major hurdle on the upward trend. If bulls surpass this hurdle, XRP might rise to $0.623, ahead of $0.70. The bears are expected to defend these levels aggressively.
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FTX exchange and Alameda Research sold some Ethereum and Toncoin In a notable move, Alameda Research moved three different assets worth $3.66 million in the past 24 hours. Assets included 1,150 Ethereum ($2.66 million) to Coinbase and 4,995,000 Toncoins ($1 million) to FalconX. FTX exchange together with Alameda have sold 92 tokens with a total value of 713 million dollars since October. Despite all these sales, the exchange's assets are still far from exhausted, and FTX currently has assets worth $631 million, while Alameda's assets are valued at $321 million. In other words, the two companies still hold roughly $1 billion in cryptocurrency. / Source #sanor016CommUNITY #sanor016
FTX exchange and Alameda Research sold some Ethereum and Toncoin

In a notable move, Alameda Research moved three different assets worth $3.66 million in the past 24 hours. Assets included 1,150 Ethereum ($2.66 million) to Coinbase and 4,995,000 Toncoins ($1 million) to FalconX.
FTX exchange together with Alameda have sold 92 tokens with a total value of 713 million dollars since October.
Despite all these sales, the exchange's assets are still far from exhausted, and FTX currently has assets worth $631 million, while Alameda's assets are valued at $321 million. In other words, the two companies still hold roughly $1 billion in cryptocurrency. / Source

#sanor016CommUNITY #sanor016
🎼 Traditional games need Web 3 more than ever Blockchain games are back and looking bullish. This sector grew by 33% in the fourth quarter of last year and the volume of transactions almost tripled in just six months. But on the other hand, traditional games have a downward trend. Global mobile game revenue has fallen for the second year in a row, with developers facing market saturation and stagnant user numbers. #sanor016CommUNITY #sanor016
🎼 Traditional games need Web 3 more than ever

Blockchain games are back and looking bullish.
This sector grew by 33% in the fourth quarter of last year and the volume of transactions almost tripled in just six months. But on the other hand, traditional games have a downward trend. Global mobile game revenue has fallen for the second year in a row, with developers facing market saturation and stagnant user numbers.
#sanor016CommUNITY
#sanor016
Understanding the Grayscale Bitcoin Trust GBTC is a digital financial instrument designed to offer individuals interested in cryptocurrencies exposure to the Bitcoin market, eliminating the need for direct acquisition of the underlying asset. Grayscale pioneered Bitcoin (BTC) accessibility by introducing the Grayscale Bitcoin Trust (GBTC), marking the inception of the first-ever Bitcoin fund of its kind, enabling investors to access BTC through a familiar investment vehicle. Launched in September 2013 as a private, open-ended trust for accredited investors, it represents a diversified collection of pooled investor money with the capability to issue an unlimited number of shares.  The GBTC obtained Financial Industry Regulatory Authority (FINRA) approval in 2015 to trade publicly, allowing investors to buy and sell shares under the ticker symbol GBTC. The trust passively invests solely in BTC, offering investors exposure to BTC as a security without the complexities of directly buying, storing and securing Bitcoin. GBTC shares are designed to track the BTC market price with lower fees and expenses. Initially accessible only as a private placement, GBTC started trading publicly on the over-the-counter (OTC) market OTCQX in 2015, following the alternative reporting standard for companies not obligated to register with the United States Securities and Exchange Commission (SEC).  Modeled on popular commodity investment products like the SPDR Gold Trust, which is a physically backed gold exchange-traded fund (ETF), GBTC expanded its offerings to include trusts for Ether (ETH), Litecoin (LTC) and other cryptocurrencies #sanor016CommUNITY #sanor016 #Write2Earn
Understanding the Grayscale Bitcoin Trust

GBTC is a digital financial instrument designed to offer individuals interested in cryptocurrencies exposure to the Bitcoin market, eliminating the need for direct acquisition of the underlying asset.

Grayscale pioneered Bitcoin (BTC) accessibility by introducing the Grayscale Bitcoin Trust (GBTC), marking the inception of the first-ever Bitcoin fund of its kind, enabling investors to access BTC through a familiar investment vehicle.

Launched in September 2013 as a private, open-ended trust for accredited investors, it represents a diversified collection of pooled investor money with the capability to issue an unlimited number of shares. 

The GBTC obtained Financial Industry Regulatory Authority (FINRA) approval in 2015 to trade publicly, allowing investors to buy and sell shares under the ticker symbol GBTC. The trust passively invests solely in BTC, offering investors exposure to BTC as a security without the complexities of directly buying, storing and securing Bitcoin. GBTC shares are designed to track the BTC market price with lower fees and expenses.

Initially accessible only as a private placement, GBTC started trading publicly on the over-the-counter (OTC) market OTCQX in 2015, following the alternative reporting standard for companies not obligated to register with the United States Securities and Exchange Commission (SEC). 

Modeled on popular commodity investment products like the SPDR Gold Trust, which is a physically backed gold exchange-traded fund (ETF), GBTC expanded its offerings to include trusts for Ether (ETH), Litecoin (LTC) and other cryptocurrencies

#sanor016CommUNITY #sanor016 #Write2Earn
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