[ad_1] An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC. In on-chain analysis, the potential for any price level to behave in this manner lies in the amount of tokens purchased. Related Reading Below is the chart from the market intelligence platform IntoTheBlock shared by the analyst, which shows how the price ranges near…
Author: dfrancis36
[ad_1] The Asia-Pacific (APAC) region is at the forefront of the global financial service industry’s growth, where traditional finance (TradFi) intersects with the burgeoning world of digital assets. As crypto, blockchain technology, and decentralized finance (DeFi) continue to gain traction, the market structure in APAC is undergoing significant transformation. This growth presents the perfect segue to the upcoming Finance Magnates Pacific Summit (FMPS), taking place next week in Sydney, Australia.After a steady buildup and months of planning, FMPS will finally be underway next week on August 27-29 at the International Convention Centre. This landmark event will be kicking off with…
[ad_1] The newly introduced SunPump, a meme coin deployer on the Tron network, is seeing significant adoption in the industry. Following the launch of the meme coin deployer, Tron (TRX) has risen to the top of trending cryptocurrency assets, triggering a wave of engagement and interest within the Tron ecosystem, as cited by Santiment, a leading market intelligence platform. This rising interest demonstrates the network’s flexibility and persistent importance in the dynamic world of digital assets. Tron (TRX) Sees Historic Levels Of Traders Interest SunPump’s debut on August 12, marked a historic moment for the Tron ecosystem, drawing in notable…
[ad_1] In a recent report analyzing the second quarter (Q2) performance of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones achieved by the network during the period, with a record in transactions being one of the most notable ones. Rapid Network Growth One of the key metrics that stood out was the surge in Algorand’s average daily transactions, which skyrocketed by 104% to reach 4.7 million. The total transactions recorded a more modest 6% quarter-over-quarter (QoQ) increase, reaching 425 million. Despite this heightened transaction volume, Algorand’s revenue took a hit, declining by 61%…
[ad_1] Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges from an unregulated environment to a fully regulated one,…
[ad_1] Bitcoin might be up at spot rates, breaching $60,000 as momentum builds up. However, from a technical analysis perspective, bulls need more effort. Most importantly, this will involve breaking above the local resistance level at around $63,000. A decisive, high volume close above this liquidation zone will confirm buyers of August 8 while confirming the possible resumption of Q1 2024. Bitcoin May Reach $500,000 If Inflation And Dynamic Supply Is Factored In A close higher, lifting valuation above $66,000, $72,000, and even all-time highs would likely ignite demand, lifting prices to fresh highs by the end of the year.…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Sony Group, in partnership with Startale, has launched Soneium, a public Ethereum layer-2 blockchain. This development is part of Sony’s strategic expansion into the blockchain ecosystem, leveraging its extensive distribution networks in entertainment, gaming, finance, and electronics. Soneium aims to mainstream Web3 technologies and integrate them into daily consumer applications, promising to enhance user experience with blockchain’s benefits. “Soneium, by Sony Block Solutions Labs is building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium will connect the blockchain technology (Web3) with the everyday internet services (Web2). This connection will make things…
[ad_1] Avalanche (AVAX) shows signs of a potential rally after enduring months of aggressive corrections. Currently trading at $23.43 when writing, AVAX has recently broken past a critical resistance level at $22.80, confirming a structural shift in the daily timeframe. This move marks a significant change in momentum for the token, which has experienced an ongoing correction since its all-time high in March. After a prolonged period of decline, AVAX is now displaying strength, catching the attention of analysts and investors alike. Many anticipate a bullish surge in the coming months as the token begins recovering from its extended downturn.…
[ad_1] The XRP price is trading around the psychological barrier of $0.60 after breaking through earlier in the week. Notably, XRP has exhibited interesting price action amidst wider market uncertainty, although many cryptocurrencies are starting to turn positive. While some market participants are still bearish on XRP, others are looking out for a very bullish trajectory. A crypto analyst has revealed an XRP technical analysis that many bullish proponents can resonate with. According to the analyst, XRP is set to surge to $32 in the coming months. XRP Price Surge Of Epic Proportions Despite the broader volatility, many cryptocurrencies have…