Big whales in the trading space, meaning investors with big money, often prefer the following cryptocurrencies:
# Major cryptocurrencies 1. *Bitcoin (BTC)*: The most popular cryptocurrency and market cap. 2. *Ethereum (ETH)*: The second-ranked cryptocurrency, used in decentralized applications. 3. *Ripple (XRP)*: The cryptocurrency focused on financial transfers. 4. *Cardano (ADA)*: The cryptocurrency focused on security and sustainability. 5. *Binance Coin (BNB)*: The cryptocurrency of the Binance platform.
# New cryptocurrencies 1. *Polkadot (DOT)*: The cryptocurrency focused on interconnection. 2. *Solana (SOL)*: The cryptocurrency focused on speed and efficiency. 3. *MATIC (MATIC)*: The cryptocurrency focused on solving Ethereum problems. 4. *Avalanche (AVAX)*: A cryptocurrency that focuses on speed and efficiency. 5. *Fantom (FTM)*: A cryptocurrency that focuses on speed and efficiency.
# Low-value cryptocurrencies 1. *Dogecoin (DOGE)*: A popular low-value cryptocurrency. 2. *Shibba (SHIB)*: A popular low-value cryptocurrency. 3. *DENT (DENT)*: A cryptocurrency that focuses on communication. 4. *Hoge Finance (HOGE)*: A cryptocurrency that focuses on decentralization. 5. *Kishu Inu (KISHU)*: A cryptocurrency that focuses on decentralization.
$PHA Current price is $0.3883. Based on indicators: 1. RSI (Relative Strength Index): The RSI value is close to 62, indicating positive momentum but has not reached the overbought zone (70+). This means that the price may have room for further upside. 2. Bollinger Bands: The price is approaching the upper band, which may mean a nearby resistance at $0.4004. 3. MACD: Showing a slight bullish signal with a positive crossover of the DIF and DEA lines, indicating a possible continuation of the bullish momentum. Next target: If the price breaks the current resistance at $0.3971 (24-hour high), it may target $0.42 - $0.45. If it fails to break, it may see a correction towards the support at $0.3746 or even $0.3560. My advice:
If you are looking to sell, it might be appropriate to watch the $0.40 level as a short-term target.
If you are thinking of buying, wait for a correction to the mentioned support level (around $0.37) before entering.
Bitcoin loses more than 9% of its value with expectations of more.. and a collective decline in cryptocurrencies
The digital currency market recorded a significant decline during the past week, as the value of Bitcoin (BTC) fell by more than 9% to currently reach about $95,114.2, its lowest level since August.
This decline is due to the Federal Reserve’s statements about reducing the number of expected interest rate cuts next year, in addition to its confirmation that financial institutions are prohibited from holding Bitcoin, without any intention to amend this law.
In this context, Andrei Dragus, Head of Research in Europe at Bitwise, indicated the possibility of continued pressure on Bitcoin in the coming weeks as a result of the tight monetary policies followed by the Federal Reserve.
Dragus said: “The data of the Truflation spot inflation indicator indicates a new rise in inflation levels in the US economy, which poses a difficult challenge for the Fed to reconcile between limiting the effects of financial tightening and preventing the return of an inflation wave similar to what happened in the 1970s.” $BTC $ETH $SOL
When cryptocurrencies collapse, this is the right time to buy because stable currencies return to their value and more over time. Buy on the decline, not on the rise. #MarketCorrectionBuyOrHODL
What happened yesterday.. Why did the markets collapse and $900 million were liquidated? Yesterday, after the US Federal Reserve decided to cut interest rates by 25 basis points and issued its future expectations to cut only 50 basis points in 2025 instead of 100 basis points in previous expectations, while raising future targets for interest rates in the following years. This prompted the markets to price this monetary tightening from the Federal Reserve and negatively affected the stock market, digital currencies and gold, and led to the liquidation of nearly $900 million in the digital currency market. $TRB #RideTheKaiaWave $BTC
The Governor of Bank Al-Maghrib (Morocco's central bank) Abdellatif Jouahri announced on Tuesday that his country will be among the first countries in the world to license cryptocurrencies.
During a press conference in the capital Rabat, Jouahri said: "The legal framework related to licensing cryptocurrencies has been completed," noting that the draft law regulating the use of these currencies "is now ready."
He added: "We will be among the first countries to regulate the use of cryptocurrencies, and provide a clear and precise framework for users and investors," without specifying an official date for submitting the draft to parliament to begin the process of discussing and voting on it $BTC $ETH $BNB
The cryptocurrency market today witnessed a significant decline due to price correction after previous gains, large amounts of Bitcoin being sold by major players, in addition to regulatory restrictions and political tensions. Weak demand for Bitcoin funds also affected the market, although some cryptocurrencies recorded limited gains due to positive news of their own. $BTC $XRP $SOL
$XRP is one of the most prominent cryptocurrencies that could rise in value for three main reasons: First, any positive development in the legal case between Ripple and the SEC could boost confidence in the currency. Second, the increasing use of RippleNet globally is boosting demand for #XRP . Third, the overall improvement in the cryptocurrency market is leading to a collective price increase.
Nano$XRP : A Promising Future in the Cryptocurrency Market
Nano is based on the innovative block-lattice technology that enables fast transactions without fees, making it attractive to users and investors. Thanks to its advantages, many analysts expect its value to rise soon. Here are five main reasons for its rise:
1. Transaction speed and no fees: Nano offers an efficient solution for digital payments through instant transaction confirmation and no fees.
2. Environmental sustainability: The use of the DPoS mechanism makes Nano one of the most energy-efficient currencies.
3. Increasing institutional demand: Large companies are looking for environmentally friendly and fast solutions like Nano.
4. Limited supply: The limited amount of Nano in the market boosts its value as demand increases.
5. Continuous development: An active team and a supportive community are constantly improving the network.
With these factors, Nano stands out as a cryptocurrency with huge potential, making it an interesting option for investors.
The rise of the $TRB coin is due to new updates such as the release of Telliot Feeds, increased whale activity, and its use in decentralized finance. The network is also flexible and scalable to meet the growing demand, which has increased interest from investors and developers.
$XRP (XRP) price is fluctuating between $2.37 and $2.62 with a potential rally to $3 on institutional adoption and regulatory developments. However, the RSI is showing potential selling pressure, which could lead to short-term corrections before resuming the rally.
Bitcoin $BTC has achieved a historic milestone by crossing the $100,000 barrier for the first time. This unprecedented rise was supported by $850 million in investment inflows into #البيتكوين exchange-traded funds and the launch of options trading on BlackRock’s iShares Bitcoin Trust, which boosted investor confidence and lifted market sentiment significantly.