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\"\" — Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

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\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

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\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 19, 2024

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\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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December 3, 2024

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December 19, 2024

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Follow The Distributed

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\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

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\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

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Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 19, 2024

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\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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December 19, 2024

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\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Type your email here

Follow The Distributed

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\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

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December 19, 2024

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\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 6 7 8 9 10 11 Next

Most Read

Crypto Markets

We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

November 16, 2022 - Updated on April 10, 2023

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\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Despite the problems and negative situations, this has brought around for not just investment firms, but for everyday investors, Huang remains optimistic about the future and what the technology can enable.<\/p>\n\n\n\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The downfall of FTX has caused many to question crypto and what it will bring in the future. Huang believes that the transparency and security that decentralized finance<\/a> brings will fix the issues which FTX had and its collapse will clarify what we are all building towards.<\/p>\n\n\n\n
Despite the problems and negative situations, this has brought around for not just investment firms, but for everyday investors, Huang remains optimistic about the future and what the technology can enable.<\/p>\n\n\n\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.\"<\/em><\/p>\n\n\n\n
The downfall of FTX has caused many to question crypto and what it will bring in the future. Huang believes that the transparency and security that decentralized finance<\/a> brings will fix the issues which FTX had and its collapse will clarify what we are all building towards.<\/p>\n\n\n\n
Despite the problems and negative situations, this has brought around for not just investment firms, but for everyday investors, Huang remains optimistic about the future and what the technology can enable.<\/p>\n\n\n\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Huang further explained how Paradigm did have a small investment in FTX, which was written down to $0 after its collapse.<\/p>\n\n\n\n
\"We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.\"<\/em><\/p>\n\n\n\n
The downfall of FTX has caused many to question crypto and what it will bring in the future. Huang believes that the transparency and security that decentralized finance<\/a> brings will fix the issues which FTX had and its collapse will clarify what we are all building towards.<\/p>\n\n\n\n
Despite the problems and negative situations, this has brought around for not just investment firms, but for everyday investors, Huang remains optimistic about the future and what the technology can enable.<\/p>\n\n\n\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"We are shocked by the revelations about FTX, Alameda, and SBF...We feel deep regret for having invested in a founder and company who ultimately did not align with crypto\u2019s values and who have done enormous damage to the ecosystem.\"<\/em><\/p>\n\n\n\n
Huang further explained how Paradigm did have a small investment in FTX, which was written down to $0 after its collapse.<\/p>\n\n\n\n
\"We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.\"<\/em><\/p>\n\n\n\n
The downfall of FTX has caused many to question crypto and what it will bring in the future. Huang believes that the transparency and security that decentralized finance<\/a> brings will fix the issues which FTX had and its collapse will clarify what we are all building towards.<\/p>\n\n\n\n
Despite the problems and negative situations, this has brought around for not just investment firms, but for everyday investors, Huang remains optimistic about the future and what the technology can enable.<\/p>\n\n\n\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Matt Huang<\/a> is the co-founder of cryptocurrency and Web3 investment firm Paradigm which had exposure to the bankrupt cryptocurrency exchange FTX<\/a>. Huang has shared<\/a> some of his thoughts in relation to the collapse of the once-prominent FTX.<\/p>\n\n\n\n
\"We are shocked by the revelations about FTX, Alameda, and SBF...We feel deep regret for having invested in a founder and company who ultimately did not align with crypto\u2019s values and who have done enormous damage to the ecosystem.\"<\/em><\/p>\n\n\n\n
Huang further explained how Paradigm did have a small investment in FTX, which was written down to $0 after its collapse.<\/p>\n\n\n\n
\"We never traded on FTX and did not have any assets on the exchange. We have never been investors in related tokens such as FTT, SRM, MAPS, or OXY.\"<\/em><\/p>\n\n\n\n
The downfall of FTX has caused many to question crypto and what it will bring in the future. Huang believes that the transparency and security that decentralized finance<\/a> brings will fix the issues which FTX had and its collapse will clarify what we are all building towards.<\/p>\n\n\n\n
Despite the problems and negative situations, this has brought around for not just investment firms, but for everyday investors, Huang remains optimistic about the future and what the technology can enable.<\/p>\n\n\n\n
\"The coming weeks and months will be a tough time for crypto, but we remain optimistic about crypto\u2019s potential and are committed to building towards the positive future we know it can enable.\" <\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"We Remain Optimistic About Cryptos Potential, Paradigm's Matt Huang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"we-remain-optimistic-about-cryptos-potential-paradigms-matt-huang","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2023-04-10 18:39:03","post_modified_gmt":"2023-04-10 08:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8377","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8341,"post_author":"12","post_date":"2022-11-14 02:22:25","post_date_gmt":"2022-11-13 15:22:25","post_content":"\n
\"Get ready for lower for longer, because it\u2019s coming.\"<\/em><\/p>\n\n\n\n
Arthur Hayes is the founder of the cryptocurrency trading platform BitMEX. In a blog post titled \"Speechless<\/a><\/em>\", he discusses the fallout of FTX <\/a>although he is optimistic about where we're headed.<\/p>\n\n\n\n
Hayes defines how even through controversy, the model of a blockchain still thrives and isn't affected by external issues. He goes on to describe how there will always be a mistrust from exchange to customers and FTX wasn't the first exchange to fail and will not be the last - a certain nod to Mt. Gox.<\/p>\n\n\n\n
\"Centralised exchanges will always face these issues of mistrust on behalf of their customers. FTX was not the first high-profile exchange to fail and it won\u2019t be the last. But throughout all this, blocks on Bitcoin, Ethereum, and all other blockchains were still produced and verified. Decentralized money and finance have and will continue to survive and thrive in the face of the failures of centralized entities.\u201d<\/em><\/p>\n\n\n\n
Hayes believes that without an intermediary coming to fix the market, it means users have to do better and not rely on someone to come fix their mistakes. This goes without trying to belittle the damage caused to the everyday users of FTX.<\/p>\n\n\n\n
\"But the good thing about crypto is that no central bank will be riding the rescue with freshly printed fiat shitcoins to bolster the balance sheets of reckless companies. The crypto industry will be forced to devour its humble pie quickly \u2014 leading to a speedy recovery that leaves it stronger than ever.\"<\/em><\/p>\n\n\n\n
Hayes believes there are a \"few possible zombies remaining...hiding in plain sight,\"<\/em> which he was reluctant to name.<\/p>\n\n\n\n
Despite the unfortunate events happening, Hayes does remain bullish for 2023 and going forward, although we must be prepared for lower lows.<\/p>\n\n\n\n
\"While I am supremely bullish on the prospects of crypto in 2023, I believe we are about to trade to new lows as everyone wonders which crypto household name will go bankrupt next for lending money to FTX \/ Alameda.\"<\/em><\/p>\n\n\n\n
See Related:<\/em><\/strong> Bankrupt FTX Investigates $650M Hack, Users Warned To Delete FTX App<\/a><\/p>\n","post_title":"Crypto Will Come Back Stronger Than Ever, But FTX Won't Be The Last To Fail - BitMEX's Arthur Hayes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-will-come-back-stronger-than-ever-but-ftx-wont-be-the-last-to-fail-bitmexs-arthur-hayes","to_ping":"","pinged":"","post_modified":"2022-11-14 18:32:59","post_modified_gmt":"2022-11-14 07:32:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8332,"post_author":"14","post_date":"2022-11-14 00:49:04","post_date_gmt":"2022-11-13 13:49:04","post_content":"\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange and its founder Sam Bankman-Fried bankrupt and ended up with a huge liquidity gap of over $8 billion that Bankman-Fried tried to raise from investors. FTX cryptocurrency exchange filed for Chapter 11 bankruptcy<\/a> this Friday, while Sam Bankman-Fried has stepped down from his role as CEO.<\/p>\n\n\n\n
It is also important to mention that FTX, on its official Telegram channel, reported that the exchange had been hacked<\/a> and more than $600 million worth of cryptocurrencies mysteriously disappeared from the wallets of the bankrupt exchange FTX. FTX General Counsel Ryne Miller said:<\/p>\n\n\n\n
\u201cFTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on the FTX site as it might download Trojans.\u201d<\/p>\n\n\n\n
Ethereum (ETH) erased almost all of its Thursday gains minutes after the bankruptcy announcement, and the risk of further declines is probably not over. Mike McGlone, a senior macro analyst at Bloomberg, also said that he believes that the repercussions of the cataclysmic FTX downfall will likely send Ethereum price to new lows.<\/p>\n\n\n\n
Technical Analysis Of Ethereum<\/h2>\n\n\n\n
The price of Ethereum has weakened from $1,608.50 to 1,071.50 in less than three days, and the current price stands at $1,240.50. The price has formed a symmetrical triangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800. The upside potential remains limited for now; still, if the price of Ethereum jumps above $1,400, the next target could be $1,500.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Ethereum (ETH) has weakened more than 20% in a week in which FTX cryptocurrency exchange filed Chapter 11 for bankruptcy, and the risk of further declines is probably not over. Ethereum might have a hard time holding above the $1,000 level in the upcoming weeks, and a break below this level would indicate that we could see ETH at $900 or even $800.<\/p>\n","post_title":"Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-eth-price-prediction-after-ftx-filed-chapter-11-for-bankruptcy","to_ping":"","pinged":"","post_modified":"2023-04-10 18:39:34","post_modified_gmt":"2023-04-10 08:39:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8332","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8287,"post_author":"8","post_date":"2022-11-13 16:07:28","post_date_gmt":"2022-11-13 05:07:28","post_content":"\n
MacKenzie Sigalos<\/a>, a renowned Crypto and Tech reporter at CNBC, has recently investigated the facts<\/a> that lead the FTT (FTX) token to lose more than 80% of its value within 24 hours. Here we\u2019ve listed the key points from her in-depth investigation of the token\u2019s historical price collapse:<\/p>\n\n\n\n
\n
Before rival Binance, the biggest cryptocurrency startup in the world, declared plans to acquire the company, FTT, the native token of cryptocurrency exchange FTX, lost the majority of its value when Binance stated it was selling off its holdings of FTT.
<\/li>\n\n\n\n
On Monday, the coin was trading at about $22, but by Tuesday afternoon in New York, it had fallen below $5. In just 24 hours, the sell-off destroyed more than $2 billion in value.
<\/li>\n\n\n\n
The non-binding arrangement came about as a result of \"liquidity<\/a> shortages\" at FTX, according to CEO Sam Bankman-Fried. FTX was valued at $32 billion in a funding round earlier this year.
<\/li>\n\n\n\n
The day before Zhao's tweets, FTT, which peaked at over $78 in September 2021, was trading at about $25. It went below $16 on Monday before dropping dramatically once the deal was made public on Tuesday. The value of the circulating supply of FTT is currently $735 million, down from $2.9 billion on Monday, according to CoinMarketCap.
<\/li>\n\n\n\n
According to Bankman-Fried, there had been around $6 billion in net withdrawals from FTX in the 72 hours preceding Tuesday morning, reported Reuters. Net inflows are over tens of millions of dollars on a typical day.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"MacKenzie$
MacKenzie Sigalos<\/a> interviewed<\/a> Nic Carter (founder of Castle Islan Ventures) about the recent FTT crash and upcoming Binance deals. Source: CNBC\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Why FTX Token Plunges Over 80% Wiping Out More Than $2 Billion Value In A Day? Crypto Journalist MacKenzie Sigalos Investigates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"why-ftx-token-plungs-over-80-wiping-out-more-than-2-billion-value-in-a-day-crypto-journalist-mackenzie-sigalos-investigates","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/liquidity-provider\/","post_modified":"2023-04-10 18:39:53","post_modified_gmt":"2023-04-10 08:39:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8287","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8155,"post_author":"12","post_date":"2022-11-12 10:22:21","post_date_gmt":"2022-11-11 23:22:21","post_content":"\n
In light of FTXs bankruptcy<\/a>, various exchanges have pledged to provide a Proof-of-Reserves audit to prove that they have the assets they claim to have.<\/p>\n\n\n\n
\n
Crypto.com CEO, Kris Marszalek, had shared<\/a> some of the companies cold wallet addresses<\/a> for the top assets on their platform. \"Please expect a full audited Proof of Reserves from us in the next couple of weeks, confirming the full 1:1 reserve of all customer assets,\" <\/em>he added.<\/li>\n<\/ul>\n\n\n\n\n
The total holdings of the CryptoCom wallets as of now is $2.84B, with the most popular tokens being BTC, SHIB, ETH, USDT, and USDC amongst others. Their BTC address has around 53,024 Bitcoins currently worth ~$896M. Additionally, their ETH address holds around 391,564 Ether worth ~$503M, with an additional ~$1.39B in ERC-20<\/a> tokens.<\/li>\n<\/ul>\n\n\n\n
\n
The analytics<\/a> show that 66.54% of assets are on the Ethereum chain, 31.51% of assets are on the Bitcoin chain, 1.45% of assets are on the BNB Chain, 0.51% of assets are on Polygon's chain, and the rest are split amongst Avalanche and various other chains.<\/li>\n<\/ul>\n\n\n\n
\n
Many exchanges have vouched to reveal proof-of-reserves after Binance's Changpeng \"CZ\" Zhao tweeted<\/a> that \"All crypto exchanges should do merkle-tree proof-of-reserves,\"<\/em> in the aftermath of FTXs downfall which had used users funds as collateral which they then defaulted on causing the previously second largest exchange to file for bankruptcy.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n\n\n\n
$\"Crypto.com$
Source: Nansen Portfolio \"Crypto.com\" <\/a><\/figcaption><\/figure>\n","post_title":"CryptoCom Reveals Its $2.8B Asset Portfolio","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocom-reveals-its-2-8b-asset-portfolio","to_ping":"","pinged":"","post_modified":"2023-04-10 18:40:13","post_modified_gmt":"2023-04-10 08:40:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8155","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8218,"post_author":"8","post_date":"2022-11-09 22:49:49","post_date_gmt":"2022-11-09 11:49:49","post_content":"\n
Shawn Du'Mmett<\/a>, a senior crypto analyst and financial journalist, indicated Polygon<\/strong> might hit up to $1.91 within 2023 if the price sustains above $1 by the end of 2022.<\/p>\n\n\n\n
\n
Shawn recently posted a technical update<\/a> on CryptoPolitan, explaining the possible long-term targets for Polygon (MATIC\/USD) price. Recently, Polygon's native token MATIC experienced an enormous 20% price increase overnight, crossing the $1 landmark for the first time since early August. \u201cIn last month\u2019s Polygon price prediction, we had said as much, MATIC\u2019s bull run is long overdue,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Customers can now deposit bitcoin into their Polygon or Solana wallets after converting their fiat money to it. The native currencies of Polygon and Solana, MATIC and SOL, are now listed on Coinbase. \u201cWith this Polygon price prediction, there\u2019s a high chance you might become interested in the coin as an addition to your portfolio,\u201d<\/em> Shawn added.
<\/li>\n\n\n\n
The token has also surpassed its 50-day exponential moving average. Polygon's participation in Disney's accelerator program to create augmented reality, non-fungible token <\/a>(NFT), and artificial intelligence experiences may have piqued MATIC's interest.
<\/li>\n\n\n\n
Previously, Polygon's support for carbon neutrality may have attracted customers who care about the environment, increasing demand and driving up the price of MATIC by 30%. Market experts have previously predicted the resistance at $0.73, which is already broken following the current bullish rally.
<\/li>\n\n\n\n
According to Shawn's Polygon price forecast, MATIC is anticipated to hit the major resistance at $1.91 in 2023. The coin is predicted to have an average price of $1.80 and a low of $1.70 in the same year.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ankr Partners with Polygon to Enhance the Web3 Building Experience for Supernet Developers<\/a><\/p>\n\n\n\n
$\"MATIC$
Shawn Du'Mmett believes the demand for Polygon will be much higher than its supplies in 2023, which may rock the MATIC\/USD price in the long term. Source: CryptoPolitan\/CoinWatch<\/figcaption><\/figure>\n","post_title":"Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? Explore The Potential Targets With Crypto Analyst Shawn Du'Mmett","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"polygon-price-prediction-matic-usd-tests-critical-resistance-at-1-whats-next-explore-the-potential-targets-with-crypto-analyst-shawn-dummett","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts\/","post_modified":"2023-04-10 18:45:37","post_modified_gmt":"2023-04-10 08:45:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8218","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8164,"post_author":"8","post_date":"2022-11-07 20:01:44","post_date_gmt":"2022-11-07 09:01:44","post_content":"\n
Prominent crypto expert and technical analyst Glenn Williams<\/a> revealed a bullish crossover between 10 and 50-day moving averages that suggests Bitcoin price is about to extend its current upside momentum.<\/p>\n\n\n\n
\n
Williams<\/a> recently posted his technical overview<\/a> of the Bitcoin price on CoinDesk, showing the 10 MA exceeding the 50 MA, indicating a solid bullish trend ahead. \u201cA crossover of the 10- and 50-day moving averages has historically been a positive signal. However, BTC\u2019s lack of volatility may interfere,\u201d <\/em>he stated.
<\/li>\n\n\n\n
However, the signal is probably weakened by Bitcoin's falling volatility over the past year. The \"average real range\" of BTC is nearly 70% lower than when the signal happened in March and October 2021 and is 41% lower than the recent crossover.
<\/li>\n\n\n\n
Since June, the cryptocurrency has been trading constrainedly, making it difficult to spot significant up or down-movement indications. Based on the recent 10 and 50 MA positions, Bitcoin price must break the upcoming resistance at $21,216 and close above the key level near $22,615 to continue with the current bullish trend in the long term.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B<\/a><\/p>\n\n\n\n
$\"\"$
Glenn Williams explains the latest moving average crossover signal on the Bitcoin price chart. Source: CoinDesk\/Markets<\/figcaption><\/figure>\n","post_title":"The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November, Crypto Analyst Glenn Williams","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-recent-moving-average-crossover-suggests-bitcoin-price-may-create-a-higher-high-and-remain-bullish-throughout-november-crypto-analyst-glenn-williams","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:52","post_modified_gmt":"2023-04-10 08:45:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8164","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8158,"post_author":"13","post_date":"2022-11-06 22:51:40","post_date_gmt":"2022-11-06 11:51:40","post_content":"\n
Cryptocurrency native to Solana, SOL, gained 4% in the past day and 10% in the last week (to exchange for $38) after Google Cloud joined the blockchain as a validator.<\/p>\n\n\n\n
\n
In a tweet from November 5th, the cloud computing service provider said it was operating a block-producing Solana validator<\/a> for transactions.<\/li>\n<\/ul>\n\n\n\n
\n
Google Cloud is also planning to host Solana nodes on the cloud, says the post. The computing platform added<\/a> that it was planning to bring Blockchain node<\/a> Engine \u2013 a node hosting option \u2013 to the Solana chain next year.<\/li>\n<\/ul>\n\n\n\n
\nhttps:\/\/twitter.com\/googlecloud\/status\/1588927875314499590\n<\/div><\/figure>\n\n\n\n
Google Cloud to Add Solana Index Support<\/h2>\n\n\n\n
\n
Besides transaction validation, Google cloud is also keen on enhancing Solana data. The announcement pointed out that the platform will index the data for easy access of the blockchain\u2019s historical info.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n
\n
Last month, Google announced cryptocurrency payments in a deal with crypto exchange Coinbase. The partnership included Coinbase\u2019s support for Google in institutional-level custodial wallets and trading services through Coinbase Prime.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Non-Fungible Planet\u2019 Is Google\u2019s Newest Trademark Filing<\/a><\/p>\n","post_title":"SOL Token Surges after Google Cloud Joined Solana Node Validators","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-token-surges-after-google-cloud-joined-solana-node-validators","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/validator\/","post_modified":"2023-04-10 18:45:27","post_modified_gmt":"2023-04-10 08:45:27","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8158","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8139,"post_author":"8","post_date":"2022-11-05 23:19:19","post_date_gmt":"2022-11-05 12:19:19","post_content":"\n
Ekta Mourya<\/a>, an experienced fundamental and on-chain crypto analyst in FxStreet.Com, has discussed<\/a> the possible impact on XRP price following the \u201cre-listing\u201d in Newton, a Canadian crypto exchange.<\/p>\n\n\n\n
\n
The Canadian cryptocurrency exchange Newton Crypto updated its listing of XRP. One of the biggest cryptocurrency exchanges, Coinbase, is rumored to be re-listing due to Newtons news. Despite publicly endorsing the remittance token in the SEC v. Ripple case, Coinbase has yet to announce a re-listing.<\/li>\n<\/ul>\n\n\n\n
\n
A fresh batch of exchange re-listings is welcomed by XRP holders who stood their ground during the legal dispute between the SEC and Ripple. It's interesting to note that a re-listing can increase the altcoin price because new listings cause significant price changes in assets on Coinbase.<\/li>\n<\/ul>\n\n\n\n
\n
This is due to the fact that the increased liquidity and investors in the token limit the supply, whilst demand for the token increases. This is the basis of tokenomics<\/a> when it comes to nearly all cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
\n
Besides Ekta Mourya, another Technical expert at FXStreet, Akash Girimath assessed<\/a> the XRP price trend and foresaw a surge in the alternative currency. Girimath predicts that if buying pressure picks up again, the remittance token will increase by 55%. The XRP price may reach $0.609, which would undo the 69% decline that began in Q2 2022.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"Key$
Ekta Mourya illustrated key resistance and potential upside targets for XRP. Source: FxStreet\/ Crypto Markets<\/figcaption><\/figure>\n","post_title":"Ripple Price Is Eyeing A 55% Bullish Surge Ahead Of Newtons Re-Listing, Crypto Analyst Ekta Mourya","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-price-is-eyeing-a-55-bullish-surge-ahead-of-the-canadian-exchange-re-listing","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenomics\/","post_modified":"2023-04-10 18:46:33","post_modified_gmt":"2023-04-10 08:46:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8139","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8112,"post_author":"8","post_date":"2022-11-05 00:19:31","post_date_gmt":"2022-11-04 13:19:31","post_content":"\n
Ali B<\/a>, a senior technical analyst in CryptoNews, and Business2Community is expecting a rapid hike in BTC and ETH prices in his latest technical update<\/a> following the release of US NFP data on Friday, November 4th.<\/p>\n\n\n\n
\n
Before the US non-farm payrolls and unemployment rate, bitcoin prices were consolidating in a constrained trading range between $20,000 and $20,400. Similar to Bitcoin, the price of Ethereum is steady, swinging between gains and losses around $1,548 as traders wait for the big game to start putting their bets.<\/li>\n<\/ul>\n\n\n\n
\n
In September, the labor force increased by 204 thousand to 158.9 million, while the unemployment rate decreased by 261,000 to 5.75 million. The proportion of those actively looking for work decreased from 62.4% to 62.3%.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin and Ethereum chart may print a bullish spike since market experts forecast the US unemployment rate will increase from 3.5% to 3.6% and the US economy will create fewer jobs (about 197K vs. 263K last month). \u201c A surge in BTC demand could cut through the $20,400 resistance level, opening the way to the $20,700 and $21,000 resistance levels,\u201d<\/em> he added.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath<\/a><\/p>\n\n\n\n
$\"\"$
Ali B expects Bitcoin may exceed several critical resistances following negative US NFP data. Source: CryptoNews\/Bitcoin & Ethereum Analysis<\/figcaption><\/figure>\n","post_title":"Bitcoin And Ethereum Price Can Be Boosted By 10% Following The US NFP Report, Crypto Market Analyst Ali B","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-can-be-boosted-by-10-following-the-us-nfp-report-crypto-market-analyst-ali-b","to_ping":"","pinged":"","post_modified":"2023-04-10 18:46:47","post_modified_gmt":"2023-04-10 08:46:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8112","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Crypto Markets

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We Remain Optimistic About Cryptos Potential, Paradigm’s Matt Huang

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November 7, 2022

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