Cryptocurrency market overview | June 23 🟢 #MarketCap : | Crypto De Nostradame on Binance Square

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Bullish

Cryptocurrency market overview |  June 23
 🟢 #MarketCap : $2.35trillion (+0.48%) 
 🔴 #BTCdominance : 53.98% (-0.22%)
 ⚡️ Fear and Greed Index: 55 (greed)

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🧙‍♂️ Brazil's central bank is working with #Chainlink and #Microsoft to accelerate CBDC trials. -Defiant 🧙‍♂️ Nasdaq will list BlackRock's Bitcoin ETF options today. 🧙‍♂️ BinanceUS announced that it will list #MAGIC . $BTC $LINK

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Will Stellar (XLM) continue its rally? Ripple's (XRP) jaw-dropping rally has paved the way for many altcoins. $XRP , which has increased by nearly 100 in the last week, has provided money inflow to major altcoins with high market value. #Stellar ($XLM ), one of the names that left its mark on the 2021 bull, attracted attention with its rise of up to 170 percent since November. XLM, which is shown among the best performances of the month, reached a market value of $ 7.395 billion. AMBCrypto made striking comments in its analysis for XLM. According to AMBCrypto's analysis, Stellar (XLM) is gaining momentum with its technical appearance and market sentiment. The conditions required for XLM, which has increased by 25 percent in the last 24 hours, to continue its rise were mentioned. The following statements were included in the analysis; “This sudden upward momentum (25 percent increase) broke the long-standing descending channel and ignited hopes for a potential uptrend.” #XLM price had been stuck in a downtrend for a long time. In fact, XLM broke through the resistance level of the descending channel at $ 0.1236, accompanying XRP’s rally. The resistance break carried the XLM price to $ 0.25. According to the analysis, the upper level in Bollinger Bands, which indicates a bullish outlook, expanded to $ 0.2125. It was emphasized that this level would act as a potential support. While the price of XLM rose rapidly, its social volume experienced a sharp decline. The analysis interpreted the decline in social interest as follows; “The rally may not be driven by individual investor enthusiasm.” AMBCrypto stated that the rise in XLM was a result of institutional or whale transactions. The $ 0.25 resistance is of critical importance for the popular altcoin. XLM could resume its uptrend if it sustains above $0.21 and clears the $0.25 resistance.

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Cardano (ADA) bulls are losing power: A decline may come. Cardano (ADA), which has been rising rapidly in recent days, may face a decline in the short term. Cardano ($ADA ) has continued to rise over the last two weeks, reaching a two-year peak of $ 0.81 on November 16. However, it has pulled back slightly from this level and is currently trading at $ 0.75. Onchain data and analysis of technical indicators indicate that this downtrend may continue and ADA may not reach $ 1 in the short term. Data on Cardano's net flow on exchanges indicates that investors are turning to profit taking. According to Coinglass data, as of November 18, #ADA recorded a total net inflow of $ 7.21 million. Increasing inflows to exchanges indicate that investors are transferring their assets to exchanges to sell. This may increase selling pressure and lead to a downward movement in the price. In addition, the decrease in ADA's trading volume in the last 24 hours supports this downward trend. Cardano’s price increased by 7 percent, while its trading volume decreased by 57 percent in the same period. ADA trades were largely profitable on Monday. According to Santiment data, the profit-loss ratio of trading volume is currently at 3.35, the highest since June 2020. The data means that for every losing $ADA trade, 3.35 trades are profitable. This high profit-loss ratio indicates profit taking for Cardano investors. ADA is currently trading at $0.75, just below its two-year high of $0.81. If buying pressure does not increase, the price could pull back to $0.69. If the bulls fail to defend this level, the ADA price could fall to $0.61. #CryptoDeNostradame #ParrotBambooCrypto

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Ripple CLO appeals to DOGE: “Investigate the SEC” Ripple CLO Stuart Alderoty has knocked on the door of the Department of Government Efficiency ($DOGE ), headed by Elon Musk. Ripple, which continues its legal battle with the SEC, took a deep breath after Donald Trump won the US presidential election. The crypto-supporting Trump announced that he will give Elon Musk a role in the government he will take over on January 20. Musk will be the head of the Department of Government Efficiency (DOGE), which will conduct corruption and similar investigations. #Ripple CLO Alderoty has filed a complaint against the SEC, the US regulatory body, to DOGE. Alderoty claimed that the SEC misused taxpayers’ funds. The Ripple side is requesting #DOGE , known as the Department of Government Efficiency, to audit the SEC’s spending. SEC cornered: Ripple knocked on DOGE's door The rise of a new department, the Department of Government Efficiency (DOGE), under the leadership of Elon Musk and Vivek Ramaswamy, is remarkable. The crypto ecosystem thinks that DOGE will regulate the crypto industry. The community, which especially demands an investigation into the sanctions imposed by the SEC on the crypto sector, is demanding the dismissal of SEC Chairman Gary Gensler. DOGE, which oversees the spending and liabilities of government institutions, is asked to put the SEC on its radar. Ripple CLO Alderoty claims that the money spent by the SEC on crypto investigations is inconsistent. Alderoty, who wants the money spent by the SEC to be revealed so far, argued that regulatory clarity should be brought to the sector as soon as possible. Speculation has increased that the SEC will suffer a decisive defeat in the case it filed against Ripple and that SEC Chairman Gensler will be dismissed. These speculations have pushed the XRP price above $ 1. $BTC $XRP $DOGE

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