[ad_1] A crypto strategist known for making timely altcoin calls believes layer-1 protocol Sui (SUI) is gearing up to spark breakout rallies. Pseudonymous analyst Bluntz tells his 274,600 followers on the social media platform X that SUI appears to have ignited a new bullish trend after printing a higher low setup amid the conclusion of an ABC corrective wave. Bluntz relies on the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge after completing an ABC corrective pattern. The analyst shares a chart suggesting that SUI can rise to as high as $1.80 in…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up. Interestingly, this triple bottom formation is not new for Ethereum. As technical analysis points out, the current price action seems to repeat a similar playout in mid-2021. Ethereum Fractal Suggests Rally In Q4 According to a technical analysis…
[ad_1] Today, history was made as President Donald Trump became the first US president to make a Bitcoin payment.WATCH: 🇺🇸 DONALD TRUMP MAKES FIRST #BITCOIN TRANSACTION AT NYC BAR pic.twitter.com/rAjae6agH1— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024 The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar…
[ad_1] Este artículo también está disponible en español. Solana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level. This underperformance has raised concerns among investors, with many worried about Solana’s inability to keep up with the market’s recent surge. Related Reading Some analysts are even predicting a deep retrace to its yearly low of around $78 if the price continues to lag. Despite holding relatively well during Bitcoin’s and other altcoins’ earlier crashes, Solana’s current price action suggests that the risk of a correction is…
[ad_1] Hong Kong’s 86% year-over-year crypto transaction growth is impressive. Chainalysis reports that Hong Kong leads Eastern Asia in crypto adoption following this rise. The region ranks 30th in digital currency adoption internationally, indicating its potential as a major player. Factors Fueling The Growth Several factors drive this phenomenal increase. The regulatory environment of Hong Kong is unique. For example, Hong Kong has adopted a more benign attitude toward cryptocurrencies than mainland China, where high regulations have been implemented. This adaptability fosters financial innovation and attracts the attention of institutional and individual investors who wish to enhance their cryptocurrency portfolios.…
[ad_1] Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil. In a new blog post, the payments platform says that it will now be offering local bank transfers via PIX and SPEI – the respective national real-time payment systems of Mexico and Brazil – eliminating the need for slow international wires. “Eliminating international wires can drastically reduce the time it takes to access USDC – from days to just minutes, releasing capital trapped in the lengthy settlement processes. Circle offers access to USDC directly from Brazilian Reais (BRL) and Mexican Pesos (MXN)…
[ad_1] On-chain data shows the Dogecoin miners have been accumulating recently. Here’s what this could mean for the memecoin, based on past pattern. Dogecoin Miner Supply Has Been Going Up For A While Now In a new insight post, the on-chain analytics firm Santiment has talked about the role of the miners in the different cryptocurrency markets like Bitcoin and Dogecoin. The indicator of interest here is the “Supply held by Miners,” which, as its name suggests, keeps track of the total amount of tokens that the miners of a network as a whole are carrying in their balance. When…
[ad_1] As the Ethereum ecosystem continues to evolve, it is crucial to understand how to navigate the decentralized environment. However, a market expert offering insights on the subject has disclosed that Ether (ETH) is the key to exploring the ecosystem, suggesting that holding the altcoin is crucial for those aspiring to get on board. Significance Of ETH In Ethereum’s Ecosystem Educator and founder of the Daily Gwei, Anthony Sassano in a recent post on X has disclosed ETH’s pivotal role in empowering the decentralized ecosystem of Ethereum while labeling it the entry ticket. The educator’s objective that ETH is the…
[ad_1] They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling…
[ad_1] Fractal Bitcoin is a recently launched project that bills itself as “the only native scaling solution completely and instantly compatible with Bitcoin. In essence it is a merge mined system portraying itself as a second layer sidechain for Bitcoin, where multiple levels of “sidechains” can be stacked on top of each other. So think of a sidechain of the mainchain, a sidechain of the sidechain, a sidechain of the sidechain of the sidechain, etc. It is not. Shitcoins Are Not Second LayersFirstly, the entire system is built around a new native token, Fractal Bitcoin, that is issued completely independent…