[ad_1] XRP price started a downside correction from the $0.6480 resistance. The price is now testing the $0.550 support and might eye a fresh increase. XRP price started a downside correction below the $0.620 and $0.600 levels. The price is now trading below $0.600 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.580 resistance zone. XRP Price Hits Key Support XRP price struggled to extend gains above…
Author: dfrancis36
[ad_1] Turkey’s Capital Markets Board (CMB) has released a list of crypto service providers seeking licensing under the new ‘Law on Amendments to the Capital Markets Law.’President Recep Tayyip Erdoğan signed the new legislation into law on July 2, following its unanimous approval by the Turkish Grand National Assembly. The law took effect immediately upon publication in the Official Gazette.Turkey’s Crypto Market BoomsThe new framework has drawn attention to Turkey’s growing digital asset market. According to Chainalysis, Turkey ranks as the fourth-largest crypto market globally, with an estimated trading volume of $170 billion.The CMB’s website shows that 47 crypto companies…
[ad_1] Bitcoin price started a downside correction from the $62,700 resistance zone. BTC is now consolidating near $58,500 and struggling to recover. Bitcoin started a decent downward move below the $61,500 and $60,000 levels. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might decline further if it trades below the $58,500 support zone. Bitcoin Price Holds Support Bitcoin price started a downside correction after it failed to…
[ad_1] Crypto market participants are paying attention to XRP. There has been a continuous bounce between trend lines, forming what analysts call a symmetrical triangle pattern. As a result of a pattern traced as far back as 2018, this digital asset could be set for a big move — but how? Related Reading From eagle-eyed market sentinels who predict that XRP may soon break out to those who are walking on eggshells, the crypto community is overrun with predictions. The pattern shows a fight between the buyers and sellers, which may suggest it is poised to explode up—or crash down—in…
[ad_1] Pepecoin (PEPE) has set a high standard for meme coins, creating a blueprint for success in this dynamic market. As we look forward, two presale giants are emerging with predictions of 100x returns: Pepe Unchained (PEPU) and Mpeppe (MPEPE). Both projects are building on the Pepecoin (PEPE) legacy but are taking different approaches to capture investor interest and market share. How Mpeppe (MPEPE) and Pepe Unchained (PEPU) Leverage Pepecoin’s (PEPE) Legacy Pepecoin (PEPE) has demonstrated the immense power of meme culture in driving cryptocurrency success. Mpeppe (MPEPE) and Pepe Unchained (PEPU) are continuing this trend by integrating elements from…
[ad_1] The Akash Network (AKT) surged once more as the platform gained investor interest in the decentralized cloud computing scene. According to Coingecko, the token is up 20% since last week as the fear, uncertainty, and doubt the market experienced died down. Related Reading The platform is slowly expanding its operations with new additions to Akash that will benefit both investors and Akash service consumers alike. Along with the market’s general bullishness, it seems that AKT will see tremendous growth in the long term. Network Utility Reaches Almost Half As Renters Double August 10th revealed that the platform’s GPU utility…
[ad_1] The IRS, or US Internal Revenue Service, has unveiled a fresh draft version for the 1099-DA tax form, used by crypto brokers and investors to report certain digital asset transactions from the upcoming tax period in 2025. The new version is a considerable step forward from the original draft presented in April 2024. The new draft regulation is available on IRS website for the next 30 days. There are problems that have been fixed with modification of that last rule. But experts consider that, for the benefit of crypto investors everywhere, the IRS could achieve a better grasp of…
[ad_1] With the market posting minute but continuous gains, BEAM captures this momentum, which caused the current uptick in the token’s price. According to CoinGecko, BEAM is up nearly 18% in the past 24 hours as investors flock to the token. Related Reading The Beam network is experiencing awesome on-chain development that gives it an edge against its competitors. As the market enters a new week with enthusiasm, BEAM might be on the path of bullishness in the long run. Beam Network Goes To Gamescom 2024 Earlier this month, Beam Network announced that it will have a spot on Gamescom…
[ad_1] The cryptocurrency space is buzzing with potential, especially in the realm of meme coins. As we approach 2024, three standout contenders—Pepecoin (PEPE), Pepe Unchained (PEPU), and Mpeppe (MPEPE)—are drawing significant attention. Here’s why these meme coins are making waves and could be your ticket to substantial profits. PEPE: The Veteran of Meme Coins Why PEPE Continues to Lead the Pack Pepecoin (PEPE) has long been a pioneer in the meme coin universe, inspired by the iconic Pepe the Frog meme. Its enduring popularity and established community give it a solid foundation as we head into 2024. PEPE’s success stems…
[ad_1] A substantial shift in the cryptocurrency landscape is on the horizon with approximately $350 million worth of Ether (ETH) set for withdrawal. This significant movement of funds has captured the attention of investors and analysts alike, raising questions about its impact on the Ethereum (ETH) ecosystem and its associated projects. As the crypto community watches closely, there’s growing speculation about how this shift might influence emerging cryptocurrencies such as Mpeppe (MPEPE). How Mpeppe (MPEPE) Is Positioned to Leverage Ethereum (ETH) Movements DeFi Integration: A Game-Changer for Mpeppe (MPEPE) Mpeppe (MPEPE) is strategically positioned within the Ethereum (ETH) network through…