Category Archives: Ethereum
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets turn bullish on ETF approval hopes – FXStreet
Bitcoin (BTC) price has kick-started a massive rally in the third week of October, dragging Ethereum (ETH), Ripple (XRP) and other altcoins to follow its lead. The rally seems to be driven by a potential spot Bitcoin ETF approval.
Read more: Bitcoin price nears $35,000 after BlackRocks iShares BTC trust listing on DTTC and Grayscale victory upheld
Bitcoin (BTC) price has sustained the 2023 bull rally by producing a fourth higher high. This bullish move has propelled BTC past the $30,000 psychological level, currently trading around $34,152.
The next hurdle that Bitcoin price will encounter is $36,294, where a potential top might form, especially if the circumstances around the spot ETF approval remain the same. On the other hand, if a spot ETF is officially approved, it could catalyze a massively bullish ascent that could propel BTC to the $40,000 psychological level.
BTC/USD 3-day chart
On the off chance that this rally is a fluke, Bitcoin price could retrace to the immediate support levels of $31,777 and $30,616. These barriers are key to producing another lower high, but a breakdown of these levels could send BTC down by 15% to $25,941.
If Bitcoin price produces a three-day or weekly candlestick close below $25,941 support level, it will create a lower low on a higher time frame. This move would put an end to the 2023 bull rally and potentially send BTC down to $19,294.
Ethereum (ETH) price cleared the key hurdle of $1,727 as it rallied 11.48% in the last two days. This move has caused the Relative Strength Index (RSI) to increase above the 50 mean level, showcasing the spike in bullish momentum.
Bulls need to sustain above this $1,727 level, after which investors can expect the extension of the uptrend to the next critical level of $2,030.
ETH/USD 3-day chart
On the other hand, if Ethereum price fails to sustain above $1,727, it would denote a bearish outlook. In such a case, investors can expect the bearish trend to take over and trigger a correction to $1,551.
Ripple price has cleared the $0.500 and $0.540 resistance levels after a 12% rally in the last five days. This move has been successful in partially collecting the buy-side liquidity resting above the $0.547 level.
Going forward, investors need to exercise caution as XRP price is likely to pull back to retest the $0.540 level. Another bounce from here could see the remittance token extend its rally to retest the next key hurdle at $0.668. This move would constitute a 22% upswing.
Read more:Ripple price could kickstart 140% rally to $1.23 after SEC's surrender
XRP/USD 3-day chart
On the other hand, if Ripple price breaks below the $0.540 barrier, it would signal that the bullish momentum is not strong enough. In such a case, XRP price is likely to fall back to find support at the $0.500 and $0.469 levels.
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Bitcoin, Ethereum Soar Double Digits as Crypto Markets Add $100 Billion – Decrypt
It's all eyes on Bitcoin (BTC) as the industrys largest cryptocurrency is up 12.6% over the day, trading above the $34,000 mark.
The largest cryptocurrency by market cap surged above $35,000 late on Monday before backtracking to $34,540 at the time of writing, data from CoinGecko shows.
This is the highest value for Bitcoin since May last year, with the move resulting in a total of over $310 million in liquidated short positions in the past 24 hours, per CoinGlass.
Interestingly, the BTC Fear and Greed Indexa popular metric that measures the overall sentiment towards Bitcoinspiked to 66, meaning that it is now in the Greed territory.
Ethereum (ETH) has also enjoyed a significant upswing, reaching its highest point since August.
At press time, the second-largest cryptocurrency is trading hands at $1,830, up 10% over the day.
The total market capitalization of all digital assets has meanwhile swelled more than $100 billion over the span, soaring 9.3% above the $1.3 trillion markthe peak value since April, according to CoinGecko.
More than a half of that now accounts for Bitcoin, as several important events unfolded on Monday, sparking a new wave of optimism about the potential launch of a spot Bitcoin ETF.
Several ETF applications have taken the spotlight of late.
First is Grayscale's Bitcoin Trust (GBTC), which gives holders exposure to Bitcoin via shares. Those shares, however, have traded at a hefty discount of late as holders aren't able to redeem the underlying. Grayscale aims to fix that by filing to convert the Trust into a full-blown Bitcoin ETF.
The filing was first rejected by the SEC, but earlier this month a court ruled against the SEC's rejection, and yesterday the Commission was ordered to review the filing once more.
Another key driver of this recent surge in Bitcoin's value is the appearance of BlackRockss iShares Bitcoin Trust on a list of Nasdaq-traded ETFs, which is maintained by the worlds leading financial clearinghouse, the Depository Trust and Clearing Corporation (DTCC).
Just last week. BlackRock filed an amended prospectus for its spot Bitcoin ETF application, which included detailed explanations on the proposed products pricing and reporting mechanism, and the news of the DTCC listing its ticker before the actual trading commenced certainly fuels speculation of the imminent launch.
Rumors are flying since the appearance of BlackRocks Bitcoin spot ETF ticker on a list at the Depository Trust & Clearing Corporation (DTCC), including that the worlds largest asset manager has already started purchasing Bitcoin for the fund," Stefan Rust, CEO of independent inflation data aggregator Truflation said in an emailed statement. "It could be we are seeing the early signs of the long-awaited 'Crypto Spring.' There is a sense that this U.S. ETF is actually real nowafter years and years of waiting."
Edited by Liam Kelly.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Bitcoin, Ethereum Soar Double Digits as Crypto Markets Add $100 Billion - Decrypt
Bitcoin, Dogecoin, Ethereum Funding Hamas Terror? $41M Of Crypto Seized So Far Could Just Be Drop In Buck – Benzinga
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The United States and Israel are intensifying efforts to curtail cryptocurrency transfers toHamasfollowing the groups large-scale attacks on Israel earlier this month. Coins likeBitcoin,Dogecoin, andEthereumare often implicated as funding streams for Islamist organizations.
The use of digital currencies and crypto exchange platforms to finance Islamist extremism has come under increasing scrutiny after the Oct. 7 attacks by Hamas,France 24 reported.
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On Oct. 19, the U.S.Treasury DepartmentsFinancial Crimes Enforcement Network (FinCEN)proposed new regulations to classify Convertible Virtual Currency Mixing (CVC mixing) as a primary money laundering concernto combat its use bymalicious actors, including Hamas.
Mixers or tumblers blendcryptocurrency of illicit origin withother funds, increasing the risk of using crypto mixers for money laundering or concealing earnings, according tothe crypto industry news site Cointelegraph.
See Also:Crypto Analyst Foresees Bitcoin Breaking $70,000 Barrier Soon, But Only If This Happens
Post the Oct. 7 attack, the Israeli defense ministry claimed to haveseized virtual wallets linked toHamas that received $41 millionbetween 2019 and 2023. ThePalestinian Islamic Jihad group reportedly raised $94 million in cryptocurrency over recent years, as per British firm Elliptic.
On Oct. 18, Washington sanctionedBuy Cash, a Gaza-based company, for allegedly facilitatingcryptocurrency transfers to Hamas andthe Palestinian Islamic Jihad.
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Despite these revelations, experts likeTom Keatinge, director of theCentre for Financial Crime Researchand Security Studies at theRoyal United Service Institute, caution against overhyping cryptocurrencys role in funding extremism. Most of Hamas budget, estimated at nearly $1 billion,comes from expatriates or privatedonors in the Gulf region, as per Deutsche Welle.
In this respect, the $41 million in cryptocurrencies seized by the Israeli authorities may seem like a drop in the bucket for Hamas, as per the report.
Nevertheless, crypto has become a more prominent funding method due to its ease and speed of transactions. The rising crackdown on traditional terrorist financing channels has led these groups to explore new ways of raising money, such as cryptocurrencies.
Cryptocurrencies such as Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and Ethereum (CRYPTO: ETH) are increasingly accused of facilitating funding for Islamist groups. Hamas use of crypto was first revealed in January 2019. Initially, these funding 2.0 initiatives raised only a few thousand dollars. However,Hamas has increasingly used socialmedianetworks as funding channels eversince.
Read Next:Bitcoin Core Dev Warns Of All Your Mempool Are Belong To Us Attack, Steps Down From Lightning Network
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Bitcoin and Ethereum turmoil: ETF obstacles and legal hurdles – crypto.news
Recent events in the financial and crypto markets have revealed their interconnectedness. Bitcoin (BTC) is a dominant player in the market, often viewed as digital gold, while Ethereum (ETH) is a decentralized, open-source blockchain that supports smart contract functionality. In recent months, there has been significant price adjustments due to macroeconomic concerns. Subsequently, this has exposed the vulnerabilities of assets, including those of major cryptocurrencies, amidst global economic upheavals.
However, analysts and experts link the recent price contraction to traders attempting to profit from the hype surrounding exchange-traded funds (ETFs). In this report, we investigate the behavior of BTC and ETH prices and provide a forecast of what should be expected.
Bitcoins abrupt descent to approximately $27,400 negated most of its gains when it briefly rallied above $28,000.
As the CoinDesk Market Index fell 3.4% while BTC dropped 3.5% over 24 hours, analysts attributed these jolts to various external factors. Specifically, they pinned them to the rise in bond market yields and increasing concerns regarding the U.S. Federal Reserves (Fed) trajectory toward tightening.
Fluctuating Bitcoin prices and its failure of bulls to sustain above $28,000 on major exchanges likeGate.io, accompanied by the liquidation of $22 million worth of long leverage futures contracts, pointed to an erratic situation.
This was further challenged by the Feds potential monetary policy responses and the looming possibility of an economic downturn.
Like Bitcoin,Ethereum pricesalso fell, depreciating nearly 4% to $1,649 and effacing its momentum above the $1,700 level.
While Ethereum has distinct utility in enabling smart contracts and decentralized applications (dapps), its future isnt devoid of challenges. It is especially considering the lackluster performance of Ethereum futures ETF trading in the U.S. on launch date. Total trading volumes didnt break above $2 million.
Even with the undeniable utility of Ethereums network facilitating non-fungible token (NFT) trades, decentralized finance (defi) applications, staking, and more the underwhelming ETF performance indicates that real-world factors like trading volumes and investor sentiment weigh heavily on cryptocurrencies performance.
Even so, this dip is mainly due to day traders who want a piece of the take-profit action.
The relationship between crypto and traditional financial markets is becoming more evident.
The sharp increase in the 10-year U.S. Treasury rate reached a new 16-year high of 4.76%, significantly decreasing indices such as the S&P 500 and Nasdaq 100 by 1.3% and 1.6%, respectively.
Investors are now expecting more aggressive contractionary policies from the U.S. Fed, especially after the U.S. labor market data showed that job openings rose to 9.6 million in August.
This connection between crypto and traditional markets suggests that major assets such as BTC and ETH, while innovative and impactful within the industry, are not entirely immune to conventional economic factors.
The ongoing legal and regulatory challenges are significantly shaping the realm of cryptos. The lawsuit against Binance.US, its CEO Changpeng Zhao, and the criminal case against Sam Bankman-Fried have also catalyzed additional uncertainties.
While these legal endeavors unfold, they pose additional variables that could influence crypto prices, elucidating the importance of external, non-technological factors in shaping the industrys outlook.
Bitcoin and Ethereums meanings and implications for the industry stretch beyond their financial worth. They represent innovation, defi, and a new era of non-tangible assets. However, as evidenced by recent events, the paths of these crypto giants are significantly swayed by traditional financial markets, regulatory measures, and legal endeavors in the space.
While Bitcoin and Ethereum have established themselves as pivotal players, with their respective capabilities in store of value and enabling dapps, a blend of internal dynamics and external, global factors influences their journey.
Navigating through the economic, legal, and regulatory waves, these coins exemplify cryptos multifaceted challenges and opportunities, requiring investors to calibrate their strategies.
Despite the challenges and volatile landscapes, crypto continues to sculpt and redefine the contours of finance and asset management in the digital age.
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Bitcoin and Ethereum turmoil: ETF obstacles and legal hurdles - crypto.news
Does Ethereum Promise a Brighter Future Beyond Bitcoin? – SF Weekly
Bitcoin and Ethereum have been reigning in the cryptocurrency world for years. These two crypto giants are distinguished for their unique features and fervent supporters. Their overwhelming presence in the realm of the digital world has often sparked debates among investors and tech enthusiasts about whether one is a better alternative to the other. Although the debate is eternal, we can find an acceptable answer to this, by delving deeper into the intricacies of these two digital giants. While they both exemplify innovation, adaptability, and a promising future in the crypto industry, Ethereum and Bitcoin differ in many ways that helped them earn a niche investor base.
Coming to the aspect of value, Bitcoin undeniably is leading the way. The cryptocurrency became a household name after pioneering the role of popularizing the concept of digital currency to the masses. This robust and secure currency has also fortified the foundation of the cryptocurrency market. No wonder it has earned a whopping number of investors worldwide. However, the frequent fluctuations in theBitcoin price have diminished its allure a bit making it a volatile investment option for discerning traders.
Despite the towering presence of Bitcoin, Ethereum has managed to shine brighter and is often considered a younger sibling to the crypto giant. Launched in 2015, Ethereum has silently built a crypto empire with a suite of innovative features that helped it stand out. Bitcoin primarily serves as a digital alternative to gold but Ethereum has emerged as a comprehensive platform facilitating smart contracts and decentralized applications (DApps) revolutionizing the way investors conduct digital transactions.
Ethereum's key to success majorly lies in its utilization of smart contracts, which has unlocked opportunities for real-world applications. Smart contracts are self-executing codes that enable a wide range of transactions ranging from seamless transfer of assets to automation of complex financial agreements without intermediaries. This ground-breaking feature has not only streamlined various business operations but has also fuelled the growth of the decentralized finance (DeFi) ecosystem.
While Bitcoin symbolizes stability, Ethereum's adaptability and prospects cannot be overlooked. Its transformation from the conventional proof-of-work (PoW) model to the more energy-efficient proof-of-stake (PoS) technology has garnered positive attention for addressing environmental concerns resulting from cryptocurrency mining. This has further positioned Ethereum at the forefront of sustainable digital solutions.
Supporting a range of tokens and DApps has also fostered a vibrant community of developers and entrepreneurs on the Ethereum network. The active community contributes to the platform's evolution and also amplifies Ethereum's credibility in the thriving crypto ecosystem. This has opened doors to endless innovative projects in the digital realm that could potentially shape the future of various industries, ranging from finance to healthcare.
Coming to the tug-of-war between Bitcoin and Ethereum, we can safely say that one has an edge over the other based on varied factors but it is difficult to declare the winner. While swings in Bitcoin price continue to dominate headlines, Ethereum's underlying infrastructure and versatility are garnering mass attention. As the crypto landscape continues to evolve with the advent of technology, the rivalry between Bitcoin and Ethereum is expected to pave the ground for more innovations, empowering the whole crypto industry.
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Does Ethereum Promise a Brighter Future Beyond Bitcoin? - SF Weekly
Ethereum End Of Month Challenge: Can ETH Reach $2,000 Amid $21 Billion DeFi TVL? – NewsBTC
Ethereum (ETH) is poised for a significant breakthrough as it inches closer to the critical psychological barrier of $2,000, mirroring the bullish sentiment sweeping through the cryptocurrency market, largely led by Bitcoin (BTC).
Market analysts are optimistic about Ethereums potential breakout before October ends, with buy orders anticipated to fuel a substantial 12.25% surge, propelling the price to $1,958.
In addition, investors have steadfastly held onto their investments in DeFi assets within the Ethereum ecosystem, demonstrating unwavering confidence even in the face of the enduring crypto market challenges.
Despite the tumultuous nature of the crypto market, these investors remain committed to the potential and promise of DeFi, believing in its ability to revolutionize traditional financial systems.
As per insights provided by DefiLlama, these assets collectively represent an impressive total value locked at $21.27 billion, reflecting the substantial trust and financial commitment placed in the Ethereum DeFi landscape by the investor community. This data solidifies its position as a cornerstone of the broader crypto financial landscape.
As traders eagerly await this upswing, trading volume is projected to witness a notable spike, reflecting growing investor interest in securing exposure to Ether beyond the current resistance levels.
Reinforcing the positive outlook, the Relative Strength Index (RSI) stands at 75, indicating that Ethereums upward trajectory is poised to persist. Nevertheless, caution prevails as oversold conditions may trigger profit-taking among traders keen on safeguarding their capital.
This dual sentiment of optimism and caution sets the stage for a crucial juncture in Ethereums price action.
A separate analytical report underscores Ethereums recurring struggle with a key resistance level, evident from the persistent price fluctuations converging around this threshold. Historical data points to the ramifications of prolonged resistance, often resulting in sharp price retracements.
For Ethereum, this could imply a more pronounced market correction, particularly considering the broader market dynamics currently at play. Investors and traders are advised to closely monitor these resistance levels, which could significantly impact short-term market sentiment and price movements.
Underlying Ethereums price fluctuations, an alarming trend emerges concerning the platforms subdued network activity. Despite its reputation as a thriving ecosystem for decentralized applications, the recent dip in on-chain operations raises concerns about waning interest or a potential shift of focus towards alternative blockchain platforms.
An active network isnt solely reliant on transaction volumes; it signifies ongoing development, upgrades, and the launch of new projects. The recent decline in network activity suggests a potential lull in these critical endeavors, prompting market participants to reevaluate the long-term sustainability of Ethereums dominance within the blockchain space.
As Ethereums price hovers at $1,813, notching a 7.0% surge within 24 hours and a 14% upward trend over the past seven days, market observers remain vigilant as the cryptocurrency continues to navigate through critical resistance levels and grapples with network activity concerns.
As the cryptocurrency market continues to mature, Ethereums future trajectory is intricately linked to its ability to address these challenges and uphold its position as a leading blockchain platform, vital for the broader ecosystems growth and stability.
(This sites content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
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Ethereum End Of Month Challenge: Can ETH Reach $2,000 Amid $21 Billion DeFi TVL? - NewsBTC
Dogecoin and Ethereum Price Prediction: Everlodge Bullish … – CryptoDaily
Table of Contents
Despite the recent downward performance of the broader crypto market, there are cryptocurrencies that are heading in an upward direction. For example, Dogecoin (DOGE) and Ethereum (ETH) recently saw a price increase, and analysts are bullish on their future. Furthermore, the presale-stage project Everlodge (ELDG) can soon reach Stage 6, as investors are accumulating the crypto rapidly.
Dogecoin will rise to $0.098 by the end of Q4
Ethereum to spike in value as high as $2,335.71 by the end of 2023
Everlodge is projected to grow by 45x at launch
Join the Everlodge presale and win a luxury holiday to the Maldives
Dogecoin (DOGE) is once again getting accumulated by investors on a global scale following its most recent upswing in value. During the previous week, the Dogecoin crypto made the jump from a low point of $0.057 to $0.060
In addition, the Dogecoin crypto also has a market cap of $8,323,587,328, placing it 10th on the crypto top 100 list. As a result, analysts are now bullish on the future performance of the cryptocurrency. Based on the Dogecoin price prediction, it can rise as high as $0.098 by the end of 2023.
Ethereum (ETH) also showcased significant updates within its ecosystem. Specifically, we saw the launch of the Scroll network. This is a zero-knowledge Ethereum Virtual machine (zkEVM) space that can scale the network. Blockchain data from Etherscan indicates that it launched a week ago, but the team made the official announcement on October 17. Existing Ethereum applications and developer tool kits can migrate to the new solution.
As for the ETH price during the past week, it traded between $1,528.77 and $1,601.75. Based on the Ethereum price prediction made by analysts, it can surge as high as $2,335.71 by the end of 2023.
Aside from Dogecoin and Ethereum, another crypto thats getting a lot of attention is Everlodge. It's building the world's first real estate blockchain marketplace. It operates within the hospitality sector and will digitize luxury apartments, hotels, and vacation homes.
The marketplace will list all of these properties as NFTs. This model will create real-estate-backed NFTs. They will hold all of the ownership details, like the deeds, for example. The prices of the NFTs will move in tandem with the value of the properties.
Through the usage of NFT fractionalization, Everlodge will operate its unique co-ownership model. This means that they can be divided into smaller fragments, and each represents a share of the property. As a result, anyone can begin making investments with as little as $100.
Portfolio optimization is also important, and on Everlodge, anyone can build a diversified portfolio, as costs are kept as accessible as possible. During Stage 6 of the presale, the ELDG crypto trades at $0.023. At launch, analysts project that it can surge by 45x.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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Dogecoin and Ethereum Price Prediction: Everlodge Bullish ... - CryptoDaily
Bitcoin Price Reached Year High Level. Will Ripple (XRP … – CryptoDaily
Table of Contents
The cryptocurrency market is currently experiencing a wave of enthusiasm, primarily driven by the speculation surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). Bitcoin, the world's largest cryptocurrency, recently soared by 10%, reaching a 1-1/2 year high. This surge was accompanied by a rise in crypto-related stocks, reflecting the market's positive sentiment. Amidst the market's upbeat momentum, Ripple (XRP) navigates legal issues, Ethereum (ETH) balances growth with price, and Monero (XMR) grapples with its privacy focus. Additionally, geopolitical tensions have also influenced the demand for scarce assets like Bitcoin, which some investors view as a digital counterpart to gold. In the midst of these market movements, ScapesMania emerges as a promising newcomer, capturing attention with its innovative approach and potential for reshaping the crypto investment landscape.
Which of these coins will reach its annual price peak first, or will the new cryptocurrency outshine the successes of the older ones? Let's find it out!
ScapesMania is gaining attention with its innovative presale strategy and potential for growth, underpinned by its transparent mechanisms.
Ripple (XRP) faces an uncertain future overshadowed by legal complexities, despite a temporary uplift in its value.
Ethereum (ETH) confronts a paradox with substantial network growth but underwhelming price performance, indicating potential upcoming challenges.
Monero (XMR) continues to navigate challenges due to its privacy-focused nature, often leading to contentious perceptions in the broader financial community.
Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.
>>> Join Presale at a Discount on the Official Site <<<
Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania's proposition. Once the presale finishes, the price will soar, securing potentially attractive returns. Right now, there's an active discount of close to 85%, but it won't last forever - the clock is ticking and all interested in leveraging this offer need to act fast.
When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it's the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible.
Ripple (XRP) has recently been in the spotlight due to its ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). As the SEC unexpectedly dismissed its charges against Ripple executives Brad Garlinghouse and Chris Larsen, a wave of celebratory reactions within the Ripple (XRP) community has followed, resulting in an over 8% spike in the Ripple (XRP) price. However, some legal experts speculate that the SEC's voluntary dismissal might be a strategic move to expedite the appeal process. This suggests that while Ripple (XRP) may have won a battle, the war might still be ongoing.
Ripple (XRP) has been trading within a range of $0.466-$0.556. With a 10-day moving average at $0.505 and a 100-day moving average at $0.566, the currency has established support levels at $0.327 and $0.417, while facing resistance at $0.597 and $0.688.
Given the recent legal developments and the subsequent market reactions, Ripple (XRP) might experience fluctuations in the short term. If the appeal process goes in Ripple (XRP) favor, we could see a continuation of the positive momentum, pushing the currency closer to its resistance levels. Conversely, any setbacks in the legal proceedings could introduce volatility, with the currency potentially testing its support levels.
Ethereum (ETH) has achieved a significant milestone by hitting 100 million addresses. However, despite this achievement, the currency seems to be facing challenges in maintaining its price momentum. The price of Ethereum (ETH) has not been able to keep up with its network growth, leading to a paradoxical situation.
Ethereum (ETH) is currently trading between $1,570 and $1,732. The 10-day and 100-day moving averages stand at $1,634 and $1,701, respectively. Support levels are identified at $1,308 and $1,470, while resistance is seen at $1,794 and $1,955.
Given Ethereum (ETH) expansive network and its recent milestones, there's potential for growth. However, the currency needs to break past its resistance levels to establish a bullish trend. If it fails to do so, we might see it hovering around its current levels or even testing its support. The growth paradox that Ethereum (ETH) is facing can be attributed to several factors, including regulatory uncertainty, competition from other blockchain platforms, and the overall market sentiment. The upcoming upgrades and developments in the Ethereum (ETH) network could also play a crucial role in determining its price trajectory.
Monero (XMR) has been steadily gaining traction in the digital financial realm. This surge in interest can be attributed to Monero (XMR) emphasis on user privacy and anonymity. From individuals who prioritize financial autonomy to businesses aiming to protect sensitive transactions, Monero (XMR) has carved a niche for itself among those who value discretion and security in their digital financial interactions.
Monero (XMR) is currently trading within a range of $139 to $151. The 10-day moving average stands at $155, slightly above the current price range, indicating a recent bearish trend. The 100-day moving average is at $151, aligning with the upper limit of the current price range. Monero (XMR) has established support levels at $120 and $132, which are crucial for its price stability. On the upside, resistance is seen at $156 and $168, levels that Monero (XMR) would need to breach to signal a potential trend reversal.
The Monero (XMR) unique privacy features, such as ring signatures and stealth addresses, ensure transactional confidentiality, making Monero (XMR) a preferred choice for specific user segments, including darknet markets and online gamblers. The strong commitment to privacy has the potential to attract regulatory scrutiny, which could hinder its broader adoption. The challenges of balancing privacy with regulatory compliance could overshadow Monero (XMR) advantages.
The cryptocurrency landscape is marked by uncertainty. While there's optimism around newcomers like ScapesMania, established players like Ripple (XRP), Ethereum (ETH), Monero (XMR) are grappling with their challenges. As the broader market anticipates regulatory advancements, individual coins face hurdles that could shape their futures in unpredictable ways. Investors should tread with caution, keeping an eye on both overarching market trends and individual coin developments. In this realm of uncertainty, turning to emerging projects like ScapesMania with the potential to generate lucrative ROIs can be a strategic choice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Bitcoin Price Reached Year High Level. Will Ripple (XRP ... - CryptoDaily
Ethereum-Based Altcoin Looking Excellent As It Gears Up for Big Breakout, According to Crypto Analyst – The Daily Hodl
A popular crypto analyst says that one Ethereum (ETH)-based altcoin is looking ready for a big burst to the upside.
The pseudonymous trader known as Altcoin Sherpa tells his 196,000 followers on social media platform X that the decentralized oracle service Chainlink (LINK) is one of the strongest projects in the industry with the altcoin breaking out from its multi-month accumulation phase.
LINK: You had 500+ days to buy this and you still faded it. Now youre going to miss out on alllll the gains. I still think this is one of the best coins/projects in all of crypto. Should be excellent when it breaks out of the range.
At time of writing, LINK is trading for $10.71, well above the upper bound of Altcoin Sherpas accumulation range.
However, the trader says hes still skeptical about whether a full-blown altseason, or a phase where many altcoins across the board witness parabolic gains, is upon us.
He says hes keeping an eye on Ethereum versus Bitcoin (ETH/BTC), which often gauges investors risk appetite for altcoins, and Bitcoin dominance (BTC.D), which tracks the percentage of the total crypto market cap that belongs to Bitcoin.
A relatively high BTC.D may suggest that investors are already overweight Bitcoin and that a liquidity shift into altcoins is possible. Altcoin Sherpa predicts BTC.D will rally slightly further before reversing near the 56% level.
Altseason times.could be now? I am dubious. Will wait to see some other confluence with ETHBTC, BTC.D, and BTC
BTC.D: maybe just a little higher for Bitcoin dominance and then the party starts. Though it could already be that time now.
(if you have alts, you want this to go down)
At time of writing, BTC.D is trading at 52.43%, close to Altcoin Sherpas upside target of around 55%.
Generated Image: DALLE-2
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SEC To Review Grayscale’s Spot Ether ETF: Will Ethereum Prices … – Investing.com UK
Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
The U.S. Securities and Exchange Commission (SEC) will review Grayscales Bitcoin Trust ETF filing once more.
Meanwhile, BlackRocks iShares Bitcoin Trust was recently listed on Nasdaq-traded ETFs maintained by DTCC. The two instances have pushed Bitcoin (CRYPTO: BTC) and the broader crypto asset board significantly higher.
The BTC Fear and Greed Index, a metric that measures the overall sentiment towards Bitcoin, reportedly stands at 66 indicating its presence in the so-called "Greed" territory.
With Bitcoin breaching all-time high levels, what is in store to see until Benzingas Benzinga's Future of Digital Assets conference in New York on Nov.14. Attend and learn more about what industry experts believe to be the threshold for cryptocurrency prices. The gathering is seen as pivotal for the digital assets community. The event will spotlight the latest trends, innovations, and challenges in the digital asset realm.
Across the board, cryptocurrencies Cardano (10%), Ripple XRP (9.2%), Polygon (8.9%), and Solano (8.3%) were leading the pack with significant gains in the past 24 hours while Dogecoin (7%), BNB Coin (5.3%), followed the list.
Ether In Focus: Ethereum (CRYPTO: ETH) witnessed a surge of 117.02% in its past 24-hour trading volume while the market cap swelled 9.7%, based on CoinMarketCap data. Prices have seen a jump of 9.6% in their single-day trade. The layer-2 networks co-founder Vitalik Buterins crypto portfolio has increased by $57 million over the past week, based on blockchain analytics platform Arkham Intelligence, reported by CoinMarketCap. Vitalik holds almost 247,000 ETH spread across various publicly known wallet addresses.
Also Read Ethereum Tops $1,800 Following US PMI Data; Mina Emerges As Top Gainer
The SEC has also acknowledged Grayscale's spot ether ETF filing which will convert Ethereum Trust (ETHE) into a spot Ethereum ETF.
The SEC filing indicates that Grayscale Investments believes that allowing Shares of the Trust to list and trade on the Exchange as an ETP (converting the Trust to a spot Ethereum ETP) would unlock over $1.6 billion of value.
CoinGape reports that as per the technical chart, Ethereum's price has given a breakout above the $1,745 level after making a double bottom formation. Other technical indicators indicate a rally continuation going forward. If traders maintain their open buy orders it may lead to a potential 12.25% breakout to reach $1,958. If prices cross the $2,000 mark, the cryptocurrency will see a significant turning point.
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U.Today reported that a pre-mine Ethereum wallet woke up after 8.2 years of dormancy. It reports 2,000 Ether coins in its address which are currently valued at $3.2 million. A Whale Alert tweet reported that the address moved all its 2,000 ETH to four different blockchain addresses.
Read Next: Ethereum's 'Billionaire Tier' Accounts For Over 32% Of Its Total Available Supply
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