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\"Akash — Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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ADVERTISEMENT

\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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ADVERTISEMENT

\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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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
$\"\"$
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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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> $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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

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Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

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Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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

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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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Follow The Distributed

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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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
$\"Key$
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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\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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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 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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
\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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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August 15, 2024

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December 3, 2024

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December 19, 2024

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\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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
\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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
$\"\"$
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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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.

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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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December 19, 2024

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Follow The Distributed

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\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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
\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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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

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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
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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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\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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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 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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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December 19, 2024

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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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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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
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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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ADVERTISEMENT

\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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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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
\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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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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
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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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) 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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
$\"\"$ <\/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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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) 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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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December 19, 2024

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December 19, 2024

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\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 2 3 4 Next

Most Read

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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 Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

November 16, 2022 - Updated on April 10, 2023

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\n
However, the business has developed a Google form that allows users to request withdrawals manually. The fact that anyone who has a Google account can create a Google form and attempt to imitate AAX's form makes the process a surprisingly terrible idea.
<\/li>\n\n\n\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
AAX claims to have more than 2 million users across 100 countries but is restricting services like withdrawals to ensure that the holdings of all users are as accurate as possible, as the technical team had to follow the manual process to proofread until the system was restored.
<\/li>\n\n\n\n
However, the business has developed a Google form that allows users to request withdrawals manually. The fact that anyone who has a Google account can create a Google form and attempt to imitate AAX's form makes the process a surprisingly terrible idea.
<\/li>\n\n\n\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
According to AAX, the shutdown was caused by a \"third party partner\" whose system malfunctioned during a \"system upgrade\" that had been previously \"scheduled,\" and it had nothing to do with FTX's collapse, which has shocked the fake money industry.
<\/li>\n\n\n\n
AAX claims to have more than 2 million users across 100 countries but is restricting services like withdrawals to ensure that the holdings of all users are as accurate as possible, as the technical team had to follow the manual process to proofread until the system was restored.
<\/li>\n\n\n\n
However, the business has developed a Google form that allows users to request withdrawals manually. The fact that anyone who has a Google account can create a Google form and attempt to imitate AAX's form makes the process a surprisingly terrible idea.
<\/li>\n\n\n\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
In a press release<\/a>, AAX stated that withdrawals were stopped on Sunday and that it would try to resume trades in 7 to 10 days.
<\/li>\n\n\n\n
According to AAX, the shutdown was caused by a \"third party partner\" whose system malfunctioned during a \"system upgrade\" that had been previously \"scheduled,\" and it had nothing to do with FTX's collapse, which has shocked the fake money industry.
<\/li>\n\n\n\n
AAX claims to have more than 2 million users across 100 countries but is restricting services like withdrawals to ensure that the holdings of all users are as accurate as possible, as the technical team had to follow the manual process to proofread until the system was restored.
<\/li>\n\n\n\n
However, the business has developed a Google form that allows users to request withdrawals manually. The fact that anyone who has a Google account can create a Google form and attempt to imitate AAX's form makes the process a surprisingly terrible idea.
<\/li>\n\n\n\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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
In a press release<\/a>, AAX stated that withdrawals were stopped on Sunday and that it would try to resume trades in 7 to 10 days.
<\/li>\n\n\n\n
According to AAX, the shutdown was caused by a \"third party partner\" whose system malfunctioned during a \"system upgrade\" that had been previously \"scheduled,\" and it had nothing to do with FTX's collapse, which has shocked the fake money industry.
<\/li>\n\n\n\n
AAX claims to have more than 2 million users across 100 countries but is restricting services like withdrawals to ensure that the holdings of all users are as accurate as possible, as the technical team had to follow the manual process to proofread until the system was restored.
<\/li>\n\n\n\n
However, the business has developed a Google form that allows users to request withdrawals manually. The fact that anyone who has a Google account can create a Google form and attempt to imitate AAX's form makes the process a surprisingly terrible idea.
<\/li>\n\n\n\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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\n
The latest report<\/a> from Matt Novak<\/strong><\/a>, a senior crypto journalist at Gizmodo, suggests Hong Kong-based popular crypto exchange AAX has stopped receiving withdrawal requests without mentioning any concrete reason behind the decision. Although the exchange denies any speculation over its exposure to FTX.<\/p>\n\n\n\n
\n
In a press release<\/a>, AAX stated that withdrawals were stopped on Sunday and that it would try to resume trades in 7 to 10 days.
<\/li>\n\n\n\n
According to AAX, the shutdown was caused by a \"third party partner\" whose system malfunctioned during a \"system upgrade\" that had been previously \"scheduled,\" and it had nothing to do with FTX's collapse, which has shocked the fake money industry.
<\/li>\n\n\n\n
AAX claims to have more than 2 million users across 100 countries but is restricting services like withdrawals to ensure that the holdings of all users are as accurate as possible, as the technical team had to follow the manual process to proofread until the system was restored.
<\/li>\n\n\n\n
However, the business has developed a Google form that allows users to request withdrawals manually. The fact that anyone who has a Google account can create a Google form and attempt to imitate AAX's form makes the process a surprisingly terrible idea.
<\/li>\n\n\n\n
According to AAX, a \"dedicated task force\" has been established to provide updates each day at 12:00 p.m. HK local time, which is currently 11:00 a.m. the day before on the east coast of the United States.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Recent Moving Average Crossover Suggests Bitcoin Price May Create A Higher High And Remain Bullish Throughout November<\/a><\/p>\n\n\n\n
$\"\"$
Matt Novak<\/a> shared an image of the Google form that users of AAX must use to ask the crypto exchange for a withdrawal of their funds. Source: Gizmodo\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cryptocurrency-exchange-aax-denies-having-exposure-to-ftx-after-it-halts-withdrawals-crypto-reporter-matt-novak","to_ping":"","pinged":"","post_modified":"2023-04-10 18:38:38","post_modified_gmt":"2023-04-10 08:38:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8343,"post_author":"8","post_date":"2022-11-14 14:23:20","post_date_gmt":"2022-11-14 03:23:20","post_content":"\n
Jocelyn Yang<\/a>, a New York-based cryptocurrency reporter for CoinDesk, posted her in-depth analysis on the recent Solana price crash following the Alameda exposure and FTX Bankruptcy. In her report<\/a>, she explained why SOL, alongside other altcoins, may gradually keep losing investor confidence in the long run.<\/p>\n\n\n\n
\n
The SOL token on the Solana blockchain suffered one of the worst crashes following a sharp sell-off in cryptocurrency markets brought on by the quick demise of Sam Bankman-Fried's empire<\/a>. The price dropped<\/a> even more on Friday after the former billionaire's primary holding company sought bankruptcy protection.
<\/li>\n\n\n\n
SOL's price fell to a record low of about $12 earlier this week before rising 26% to a high of $19 on Thursday. According to the argument, Alameda might need to sell its SOL tokens to increase liquidity. SOL increased on Thursday due to Solana Foundation delaying its plan to \"unstake\" 28.5m SOL tokens, signaling an end to increased selling pressure right away.
<\/li>\n\n\n\n
However, on Friday, on the news of FTX's bankruptcy<\/a>, the price had dropped back to roughly $16, losing 6.4% in a single day. The SOL price has decreased by 50% in the last seven days.
<\/li>\n\n\n\n
The increased volatility has generated a discussion about Solana's long-term prospects among cryptocurrency analysts, blockchain developers, and executives. There are lingering concerns about the blockchain's prospects and how much the industry's repercussions from this week may influence it.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ethereum (ETH) Price Prediction After FTX Filed Chapter 11 for Bankruptcy<\/a><\/p>\n\n\n\n
$\"Solana$
Solana 7 Day Price Graph. Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"The FTX Bankruptcy Crisis: Solana Volatility Is Back But Remains Under Loads Of Doubts Over Its Long-Term Future, Crypto Reporter Jocelyn Yang","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-ftx-bankruptcy-crisis-solana-volatility-is-back-but-remains-under-loads-of-doubts-over-its-long-term-future-crypto-reporter-jocelyn-yang","to_ping":"","pinged":"","post_modified":"2023-04-10 18:45:00","post_modified_gmt":"2023-04-10 08:45:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8343","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":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":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"},{"ID":8100,"post_author":"8","post_date":"2022-11-03 21:59:44","post_date_gmt":"2022-11-03 10:59:44","post_content":"\n
Valdrin Tahir<\/a>, BeInCrypto's Senior Analyst, has recently analyzed<\/a> that, technically, Uniswap is on the verge of rejoining the recent bullish rally. At the same time, the PancackeSwap may remain under a downtrend throughout November 2022.<\/p>\n\n\n\n
\n
The UNI token broke out from the short-term descending resistance line on October 25. It quickly reclaimed the $6.93 resistance level. It is a horizontal resistance area that also stands near the 0.382 Fib retracement level. The UNI price has been attempting to validate it as support over the last 24 hours. \u201cIf successful in doing so, the rate of increase could accelerate greatly,\u201d<\/em> he stated.
<\/li>\n\n\n\n
Daily closes below $6.93, and RSI breaks below its bullish divergence trend line, which would invalidate this bullish sentiment. The price movement suggests a re-test of $5.75 is likely in that case.
<\/li>\n\n\n\n
For PancakeSwap, a bearish divergence was produced by the daily RSI between August 9 and September 29. (green lines). Following that, the price movement produced a lower high, which led to CAKE dropping to the ascending support line. The divergence's trend line is still valid.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> $28,000 Is A Sensible Target for Bitcoin (BTC)<\/a><\/p>\n\n\n\n
$\"\"$
Valdrin Tahir illustrates Uniswap\u2019s potential to initiate a bullish rally. Source: BeinCrypto\/Technical Analysis<\/figcaption><\/figure>\n","post_title":"Uniswap And PancakeSwap Are About To Choose Two Different Trends, Crypto Analyst Valdrin Tahiri","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"uniswap-and-pancakeswap-are-about-to-choose-two-different-trends-crypto-analyst-valdrin-tahiri","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:02","post_modified_gmt":"2023-04-10 08:47:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8100","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7962,"post_author":"8","post_date":"2022-10-31 00:20:16","post_date_gmt":"2022-10-30 13:20:16","post_content":"\n
Akash Girimath<\/a>, a prominent crypto analyst and contributor to FxStreet<\/a> and FXScrypto<\/a>, explains the recent performance of Bitcoin price and its rational targets in his latest technical analysis report<\/a>.<\/p>\n\n\n\n
The price of bitcoin is responding favorably to the optimistic events occurring over the past few weeks. When seen through the prism of Bitcoin's historical performance in Q4s spanning the last decade, a recent breakout might represent the beginning of a sustained rise up. \u201cThe average return in Q4 is 27%, which is the highest after Q2\u2019s 21%,\u201d<\/em> he stated.
<\/li>
While past performance cannot be relied upon to foretell the future accurately, if the cycle repeats in 2022, investors may witness an abrupt move to the north over the following two months.
<\/li>
The $25,000 barrier is a significant turning point for BTC since it marks the middle of the 45% rise that took place between May and June. Indicating a positive revival and driving Bitcoin price to the next major area, extending between $28,000 and $29,000, will need to turn this resistance level into a support floor.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> Bitcoin Price May Rise By 15% If The Key Support Zone Is Held, Crypto Analyst Ali B.<\/a><\/p>\n\n\n\n
$\"Akash$
Akash Girimath explains why the Bitcoin price may rationally hit $28,000 within the next couple of months. Source: FxStreet\/Crypto News<\/figcaption><\/figure>\n","post_title":"$28,000 Is A Sensible Target for Bitcoin (BTC), Crypto Analyst Akash Girimath","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"28000-is-a-sensible-target-for-bitcoin-btc-crypto-analyst-akash-girimath","to_ping":"","pinged":"","post_modified":"2023-04-10 18:47:54","post_modified_gmt":"2023-04-10 08:47:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7962","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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Market Analysis

Business

Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals, Crypto Reporter Matt Novak

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