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Showing posts from April, 2023

Cartesi Price Prediction for Today, April 30: CTSI/USD Moves to Break Above $0.30 Level

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Join Our Telegram channel to stay up to date on breaking news coverage The Cartesi price prediction could spike a significant surge if the price breaks above the 9-day and 21-day moving averages. Cartesi Prediction Statistics Data: Cartesi price now – $0.23 Cartesi market cap – $166.7 million Cartesi circulating supply – 731.4 million Cartesi total supply – 1 billion Cartesi Coinmarketcap ranking – #170 CTSI/USD Market Key Levels: Resistance levels: $0.35, $0.40, $0.45 Support levels: $0.14, $0.09, $0.04 CTSIUSD – Daily Chart CTSI/USD is beginning to create a new bullish movement as the coin crosses above the 9-day and 21-day moving averages to touch the daily high at $0.24 and also could make a bullish cross above the upper boundary of the channel if buyers increase the buying pressure. However, the coin is likely to create additional upward as the bulls could dominate the market. Courtesy Price Prediction: Cartesi (CTSI) Could ...

Chainlink Unveils Software Upgrade to Boost Node Efficiency

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#Chain LINK node software version v2.0.0 is now available 🏗️ advertisement This update completes a series of recent changes that make it even easier for node operators to configure and maintain their Chainlink nodes, helping them enhance operational efficiency. The 2.0.0 Chainlink Core node… pic.twitter.com/QaDTOFbwKP — Chainlink (@chainlink) April 28, 2023 Trending Stories Top 3 Memecoins To Buy In This Dip; Dogecoin, Shiba Inu, Floki Price Analysis 24/7 Cryptocurrency News Planning To Buy Dip? Top 5 Cryptocurrencies Testing Key Support 24/7 Cryptocurrency News Rising Supply Pressure Traps XRP Price In Narrow Consolidation; Still a Good Investment? 24/7 Cryptocurrency News BTC Price Prediction: Will Bitcoin Price Surpass $30000 Mark Before April End? 24/7 Cryptocurrency News SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cryptocurrency News ...

Bitcoin Trader Loses Nearly $567K Longing BTC/ETH to High Leverage

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Renowned Bitcoin trader Andrew Kang lost nearly $567,000 in a single trading session after the exchange liquidated his BTC/ETH long positions. According to Lookonchain, a smart money on-chain analyst, Kang used up to 41x leverage on the trades, which users thought was excessive. The BTC/ETH long position of Andrew Kang(@Rewkang) on #GMX was liquidated yesterday and lost ~$567K. He used up to 41x leverage!https://t.co/UCgIboyQCT pic.twitter.com/MK1XnbJole — Lookonchain (@lookonchain) April 28, 2023 A screenshot of Kang’s trading activities attached to Lookonchain’s tweet revealed three highly-leveraged BTC/ETH long positions in the trades. Out of the three, only one position was in profit. That is the 32x leveraged BTC/ETH long, which reflected a $145,528 gain at the time of the report. The other two positions, now liquidated, were leveraged at 40x and 41x and recorded respective losses of $270,763 and $295,836. The BTC/ETH trading pair has rallied for the pas...

Analysts at odds over Fed, US debt ceiling impact on Bitcoin price

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A political deadlock over the U.S. debt ceiling and its potential impact on the price of Bitcoin, which is already up 75% in 2023. On April 26, House Republicans scarcely passed their bill to increase the U.S. debt ceiling. This led to analysts already weighing its potential impact on the price of Bitcoin (BTC), ranging from extremely bearish to overly bullish. Ultimately, U.S. dollar liquidity is the key to both of these opposing viewpoint. "Deflationary recession" to produce 2020-like BTC rally? Some analysts, including Jesse Meyers, the COO of investment firm Onramp, believe raising the debt ceiling would prompt the Federal Reserve to print more money, thus boosting capital inflows into "risky" assets like Bitcoin. BTC/USD daily price chart vs. dollar liquidity. Source: TradingView.com The debt ceiling represents the maximum amount of money the U.S. government can borrow to pay its bills. Related: Fed balance sheet adds $393B in two weeks — Will this send Bitc...

Decentralized file storage pricing differentials persist despite market growth: Report

Depending on the metrics, the cost of decentralized file storage can be very low or significantly higher than Web2 counterparts. According to a new report published by Singaporean venture capital firm Foresight Ventures, the cost of decentralized file storage on blockchains such as Filecoin, Arweave, Swarm, StorJ, and Sia currently ranges from near zero to $4 per terabyte (TB) per month. This is much lower than traditional Web2 services such as Amazon Cloud or Microsoft Azure, where prices can range from $16 to $23 per TB of monthly storage . However, the report also outlined other costs associated with decentralized storage , such as data upload fees and retrieval fees, the latter of which can amount to $7 per TB. Some service providers mentioned in the report, such as Filecoin, only had storage fees, which were also quite low, while others had all three types of aforementioned fees. In addition, analysts at Foresight wrote that Blockchain storage still faces issues such as ...

Binance CEO denies $28B wealth: ‘I don't have anywhere near as much’

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According to Bloomberg's rich list, Binance CEO Changpeng “CZ” Zhao is supposed to be ranked in the top three finance billionaires worldwide. Changpeng “CZ” Zhao, CEO of major cryptocurrency exchange Binance, claims to hold a way less net worth than reported by some mainstream media. Binance CEO took to Twitter on April 27 to tell its followers that Bloomberg’s latest finance rich list has some inaccurate information regarding his wealth. According to Bloomberg's rich list, CZ is supposed to be ranked in the top three finance billionaires worldwide, holding a net worth estimated at $28.2 billion. “Numbers all wrong. I don't have anywhere near as much. Don't know why they do this,” CZ wrote. He also started his tweet with “4,” apparently implying that his wealth should be somewhere between Dan Gilbert’s $19.4 billion and Uday Kotak’s $13 billion. Source: Twitter Binance CEO also mentioned that he has never viewed the collapsed FTX Cryptocurrency Exchange as a rival. “We...

SEC’s war on crypto: How far will it go?

The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome. The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States' cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws. Critics say the agency has adopted a regulation-by-enforcement approach without providing a proper set of rules that fit the unique Features of crypto assets. A major source of confusion is the definition of a Security and whether it can apply to a highly diverse set of assets such as crypto currencies.  Despite being pressured in a congressional hearing last week, Gensler seems unwilling to take on the political responsibility of entering a constructive dialogue with the industry.  For many crypto companies targeted by the S...

Analyst Predicts Bitcoin Volatility Ahead of 2024 Halving Event

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The founder and CEO of 42Marco Darius Dale, predicts there will be more volatility for Bitcoin before the next halving event, expected between April and May 2024. Dale stated this during a conversation with Anthony Pompliano, the renowned Bitcoin investor and crypto personality. Dale deduced his prediction from Bitcoin’s historical patterns, showing that Bitcoin’s price dropped significantly a few months before every halving event. However, he noted that the market always rebounded and pushed towards greater heights. According to him, Bitcoin’s price could go as high as $200,000 after the next halving. At the time of Dale’s prediction, Bitcoin traded around the $29,000 region. He clarified that the essence of his Analysis is for traders and investors to be aware of the possibility of a significant dip towards the end of the year and ahead of an anticipated bull run. According to him, the purpose of the prediction is mainly to guide users and protect ...

Crypto x Stocks: Is Un-Correlation in Play?

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The stock market and the crypto market have started moving in opposite directions. Yesterday was quite a rough day for stocks. Owing to the revelation of the $100 billion deposit loss and a possible government seizure, the price of FRC stock rolled down the cliff. In just a day, it dropped by more than 49.37% and closed at $8.10 yesterday. As a result, it’s down by more than 90% on the YTD timeframe. First Republic $FRC ‍ Down *another* 40% today and now -93% YTD. pic.twitter.com/SxJPjTz7m2 — TradingView (@tradingview) April 25, 2023 Also Read: Coinbase Sees ‘Smart Money’ Worth $8.6 Million Flow Into its Ecosystem In hindsight, both the Nasdaq and S&P 500 registered a streak of red candles and closed in red after noting losses of around 1.5% each. Crypto, on the other hand, has been trading in green. Over the past 24 hours, the global crypto market cap has risen by 2.6%. As shown below, Bitcoin and Ethereum are up by around 4% each from their April 25 lows. BTC/USD...

CBDCs Will Play Key Role, Will Replace US dollar: BTC Expert

Bitcoin expert and trader Doctor Profit recently shared a tweet from mid-march, arguing that CBDCs will ultimately re place the US Dollar. My opinion on the market in the big time frame: Bitcoin bottom was in at $15.400. I dont believe we will visit this region again. If you watch the chart you would clearly see that $18.000 was indeed the bottom, I have been predicting since mid 2021. Dumping to $15.400 was the… — Doctor Profit (@DrProfitCrypto) April 24, 2023 According to his older statement, Bitcoin bottom was at $15,400, and it would not drop to that level again. As per him, the dumping to $15,400 was the full capitulation that took place , and BTC miners confirmed that it was one of the most brutal drops they had seen. The analyst also shared that if the market allows Bitcoin to visit $20,000 again, it’d be a huge buy signal for those who missed out on accumulating in that region. Doctor Profit believed that the market is not in a bull run or bear ma...

Poll: If You Had $1,000, Would You Buy Shiba Inu or Ethereum?

Shiba Inu (SHIB) and Ethereum ( ETH ) are both incredibly popular crypto projects with massive community reach. Both projects have shown recovery so far in 2023. While ETH has made gains of up to 52.68%, SHIB has registered a rise of 26.67%. In a recent poll, 1000 people were asked which cryptocurrency they would choose if they had $1000. While SHIB has a significant fan base online, it was Ethereum ( ETH ) that came out on top. 59.6% of the people said that they would purchase ETH if they were given $1000. On the other hand, 40.4% of the people said that they would purchase SHIB. Why did Ethereum come out on top of Shiba Inu? Ethereum ( ETH ) is the second largest crypto project by market cap. The project is also the foundation for many other crypto projects. In fact, SHIB is an ERC-20 token on the Ethereum blockchain. Moreover, Ethereum ( ETH ) probably has one of the highest numbers of real-life use cases. Apart from being a currency, it also allows developers to create decent...

Nearly 1,000 Ancient Bitcoins from 2010 and 2011 Moved in 2023, Valued at Over $27 Million

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Based on present data, within the last four months, a mere three block rewards from the year 2010 have been transferred after 13 years of dormancy. This is due to the fact that dormant wallets from that era are becoming a rarity to behold. The latest expenditure of a 2010 block took place on April 22, 2023, at 11:14 p.m. (UTC), when a miner spent 50 bitcoin that was valued at approximately $1.3 million. A historic moment occurred today, as a transfer of 400 bitcoin from 2011 took place, marking the first time in over a decade that these digital assets had been moved. Rare Bitcoin Activity: 985 BTC from 2010 and 2011 Moved in 2023 Block rewards of antiquity from 2010 and 2011 have become increasingly scarce. Only three 2010 blocks were spent this year, along with several ancient bitcoins from 2011. On Jan. 26, 2023, a block reward of 50 BTC was spent at block height 773,723. Around ten bitcoins from 2011 were spent on Jan. 8, 2023, at block height 770,924. Just before the 50 BTC spen...

Uwerx (WERX) Primed For 6,000% Gains, Analysts Say. Aptos (APT) And Theta (THETA) Can Gain

Uwerx is a brand-new project, in it’s presale phase, that is  looking to disrupt the freelance work sector. Being an early mover to the industry with the first blockchain platform can see the project tap into that lucrative market and analysts predict a 6,000% gain. Aptos (APT) and Theta Network (THETA) are two other projects that can benefit from a bull market revival. Uwerx (WERX) Can Disrupt Freelance Platforms Uwerx has the potential to deliver big gains for investors in 2023 and climb the ranks of the top crypto projects. Uwerx wants to disrupt the gig economy with a decentralized platform, and it will be the first of its kind on the blockchain. Other platforms such as Upwork and PeoplePerHour have been criticized for high fees and the time it can take to be paid. Using the blockchain will remove the need for third-party verification and that could see same-day payments. Some analysts have predicted that WERX can soar to $2.60 in May 2023 from its current presale price of $0...

CFX’s Price Recently Entered Into a Short-Term Bearish Cycle

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Conflux (CFX) printed a 24-hour loss according to CoinMarketCap. At press time, the altcoin is trading at around $0.2872 following a 10.48% decrease in the past day. The altcoin also printed 24-hour losses against Bitcoin (BTC) and Ethereum (ETH). As a result, CFX is currently down 7.54% against BTC and 7.01% against ETH. The altcoin has retraced from its daily high of $0.3276 to trade at its current price, and is currently trading close to its 24-hour low of $0.2857. CFX’s daily trading volume has also dropped over the last 24 hours, with the total trading volume for CFX at around $218,199,318 at press time. This is a 28.77% drop in the altcoin’s trading volume in the past day. Daily chart for CFX/USDT (Source: TradingView) CFX’s price drop over the last 24 hours comes after the altcoin broke out below the consolidation channel between $0.3300 and $0.4414 on Wednesday. As a result of this, the $0.3300 level was flipped back into a resistance on the altcoin’s daily chart...

Chiliz Price Prediction for Today, April 21: CHZ/USD Could Face Major Correction Below $0.130

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The Chiliz price prediction is fighting to trade near the resistance level of $0.130 as the coin retreats below the moving averages. Chiliz Prediction Statistics Data: Chiliz price now – $0.127 Chiliz market cap – $876.2 million Chiliz circulating supply – 6.9 billion Chiliz total supply – 8.8 billion Chiliz Coinmarketcap ranking – #59 CHZ /USD Market Key Levels: Resistance levels: $0.160, $0.170, $0.180 Support levels: $0.100, $0.090, $0.080 CHZUSD – Daily Chart CHZ/USD opens today’s trade with the opening price of $0.128, during the European session; the coin begins to drop toward the support at $0.125. At the time of writing, the Chiliz price is changing hands at $0.127, slightly down by 0.24% after a rebound from the $0.129 level. At the moment, the daily chart reveals that the technical indicator Relative Strength Index (14) is crossing below the 50-level, which means the coin could be vulnerable to further losses. Chiliz Pri...

Solana (SOL) And Tron (TRX) Could Drop. Uwerx (WERX) Crypto Presale Defies The Bear Market

- Advertisement - The cryptocurrency market has finally seen some respite from a bruising bear market. Although there are green shoots of recovery, some projects still have headwinds, such as Solana (SOL) and Tron (TRX).  Both have been struggling with the after-effects of the FTX collapse. Uwerx has defied the bear market and has a chance to reward early investors with big gains. Solana (SOL) at Risk from FTX Selling - Advertisement - Solana (SOL) is at risk of forced selling related to the FTX collapse. The bankruptcy of FTX also affected its trading arm, Alameda Research, and the company owned $60 million SOL tokens. That is equivalent to over $1.3 billion, and the FTX auditors will have to sell those tokens to pay back creditors. There is no update on when that will happen, but it adds risk to Solana (SOL) holdings. Solana (SOL) saw its market cap destroyed in the bear market, with a drop in the price of SOL from $250 to $23. The rally has helped to bring cheer to investors, ...

Subway-themed trading bot makes millions using ‘sandwich’ attacks

The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000. An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins. The wallet address, linked to the Ethereum Name Service (ENS) domain “jaredfromsubway.eth” made $950,000 from the sandwich attacks on April 18 and profited about $300,000 and $400,000 on April 17 and 19 respectively according to an April 19 tweet from nonfungible token (NFT) data platform Sealaunch. After closing the day of yesterday with a profit close to $1M, jaredfromsubway.eth MEV bot is already profiting close to $400K today pic.twitter.com/VxouxAc59s — sealaunch.xyz (@SeaLaunch_) April 19, 2023 The bot's ENS domain is a likely tongue-in-cheek nod to the popular sandwich chain and its disgraced former spokesperson Jared Fogle. Over a 24-hour period between April 18 to 19, 7% of all Ethereum gas fees w...