crypto2023

1. Never believe anyone's price predictions.
2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency).
3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight.
4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked.
5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck.
6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help.
7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people.
8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things.
9. Be on #bitcoin    twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are.
10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives.
11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do.
That is all. It's been a great ride so far and I'm happy to know you guys.
#dyor #Crypto2023 $BTC #BitcoinBreaksBelow75KAsWarshTakesFedHelm #bitcoin

#CYBER Polygon ($MATIC ), one of the prominent players in the #cryptocurrency market, has faced a turbulent period as it lost its grip on the $0.60 mark, leaving investors and traders on edge.
As of the latest data available, MATIC was trading at $0.540840 on CoinGecko, reflecting a 1.4% slip in the past 24 hours and a 0.6% decline over the last seven days. This dip in price has sparked discussions about the coin’s immediate future.
The cryptocurrency market has been characterized by considerable uncertainty, with Bitcoin ($BTC ), the bellwether of the industry, also grappling with price fluctuations. Analysts suggest that #BTC might enter a narrow consolidation phase before establishing a clear direction in the coming week.
Given this backdrop, MATIC could follow suit by consolidating above the critical support level of $0.50 before attempting an upward move toward the 50-EMA (Exponential Moving Average) at either $0.60 or $0.65.
Polygon Key Chart Indicators Raise Concerns
Technical indicators have painted a cautious picture for MATIC. The Relative Strength Index (RSI) remains in the lower range, signifying bearish momentum, while the Chaikin Money Flow (CMF) has struggled to breach the zero level, indicating limited capital inflows and heightened selling pressure.
Additionally, the On-Balance Volume (OBV) has slightly dipped, further suggesting a waning demand for MATIC in the current market conditions.
In the midst of this market turbulence, Polygon has made an intriguing proposition. In July, the project unveiled plans for a token upgrade aimed at enhancing the capabilities of MATIC holders within the Polygon ecosystem.
Polygon’s Ambitious Proposal
The proposal seeks to enable MATIC holders to validate transactions on multiple #blockchain networks, potentially increasing their utility and influence. However, it’s important to note that this proposal is currently pending approval from the Polygon community.
If this proposal receives the green light, it would mark a significant shift for Polygon, as the coin would transition from MATIC to POL. Such a transition could have far-reaching implications for both the Polygon network and its community of users, potentially influencing MATIC’s price dynamics in the long run.
Polygon finds itself at a critical juncture amid the recent market turbulence. While the short-term outlook remains uncertain due to negative chart indicators and wavering demand, the potential token upgrade proposal from Polygon offers a glimmer of hope for MATIC holders.
As traders and investors closely monitor market developments, the path forward for MATIC will largely depend on broader market trends and the community’s decision regarding the proposed upgrade.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
Featured image from Bizz Buzz#crypto2023

#PERP Based on available data, investors in Canada and the U.S. show a higher level of interest in Shiba Inu ($SHIB ) compared to other prominent altcoins like Dogecoin ($DOGE ) and Cardano ($ADA ).
In particular, information from Google Trends has shown that Shiba Inu accounts for a higher search volume among Canadians than Cardano and Dogecoin.
Considering the search volume of the three digital assets for the past 30 days, Shiba Inu came top on average with a landslide margin.
As of August 15, the day before the unveiling of Shibarium, the search volume of Shiba Inu in Canada reached a peak point.
Google noted that a value of 100, which Shiba Inu hit at the time, represents the peak popularity for the search term. On the other hand, a value of 50 implies half popularity.
#crypto Basic">
Google Trends
Meanwhile, the search terms for Dogecoin and Cardano ranked somewhere close to 30. This implied the two digital assets garnered much less popularity, according to Google Trends.
While it may be tempting to say Shiba Inu led the popularity ranking within the last 30 days among Canadians because the Shiba Inu team unveiled Shibarium at a conference in Canada, Google data argued otherwise.
According to Google Trends, Shiba Inu’s search volume in Canada in the past 90 days compared to Dogecoin and Cardano showed a similar trajectory. In particular, Canada’s Shiba Inu search term largely maintained above the 50 value, an above-average popularity.
At the same time, Dogecoin and Cardano stayed somewhere close to 25. Notably, the search volume for Dogecoin ranked above the 50 value at the end of July.
Shiba Inu Search by Regions in Canada
Furthermore, Google data indicated the Shiba Inu search term in Canada is uniformly distributed as opposed to the volume being concentrated from a few regions.
For example, Shiba Inu represented 100% of searches in the Northwest and Yukon territories, with Dogecoin and Cardano accounting for 0% of searches. This dat
Google Trends
a applies to search volume within the last 24 hours.
Also, in New Brunswick, Newfoundland, and Labrador territories, Shiba Inu accounts for above 70% of the search volume.
Shiba Inu Interest in the US
Interestingly, Americans have also shown significant interest in Shiba Inu, just like Canadians. In the past day, the search volume for #Shibainu dominated the United States compared to Cardano and Dogecoin trends.#CYBER #crypto2023

#CYBER U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is set to testify at a Congressional hearing on Tuesday, September 12, 2023, regarding the oversight of the SEC before the Senate Committee on Banking, Housing, and Urban Affairs. In his pre-hearing testimony, the SEC Chair maintained his same old stance that investors in the crypto market deserve to get the protections of the US securities laws.
Gary Gensler Maintains Crypto Tokens As Securities Stance
In his testimony, the SEC official maintained that a majority of #crypto tokens likely meet the investment contract test, which means they should be treated as securities. Surprisingly, Gensler is continuing to continue the securities law superimposition despite the SEC’s recent loss in the #XRP lawsuit, in which the judge denied the agency’s argument that retail sale of tokens are securities transactions.
“Given that most crypto tokens are subject to the securities laws, it follows that most crypto intermediaries have to comply with securities laws as well. Given this industry’s wide-ranging non-compliance with the securities laws, it’s not surprising that we’ve seen many problems in these markets.”
The US Senate Committee’s full committee hearing on the Oversight of the U.S. SEC can be viewed live on the senate panel’s website. Meanwhile, it remains to be seen if the crypto market, and especially the Bitcoin price would show any particular reaction to Gensler’s comments.
Enforcement Actions
In sharp contrast to the larger investor sentiment and the rising consensus among US lawmakers, Gensler had also noted that the agency introduced “A number of enforcement actions (against crypto businesses), some settled, and some in litigation, to hold wrongdoers accountable and promote investor protection.” Among the most notable ones in the recent times are the back to back lawsuits filed against two of the largest crypto exchanges in the world, #Binance and Coinbase.#crypto2023

#CYBER Currently, CYBER is trading at approximately $14.5, reflecting the immediate market response to the proposed changes. CyberConnect’s emergency proposal was introduced to enhance CYBER token liquidity across the #Ethereum ($ETH ), #Binance Smart Chain (BSC), and Optimism networks. The proposal introduced active balancing strategies designed to ensure a stable and efficient ecosystem for CYBER tokens on these networks.
This sharp market reaction highlights the sensitivity of the cryptocurrency market to major protocol changes and proposals. Investors and traders are closely monitoring the situation, assessing the potential long-term impacts of the proposed liquidity optimization measures.
While the short-term drop in CYBER token value may be concerning, it’s essential to consider the broader context and potential benefits of the emergency proposal. The success of the proposed strategies could lead to improved token liquidity, potentially attracting more participants and strengthening the CYBER ecosystem over time.
Investors and stakeholders are advised to stay informed about developments related to the implementation of CyberConnect’s proposal and its effects on CYBER token prices. The #cryptocurrency market is known for its volatility, and market conditions can change rapidly, making it crucial for participants to stay vigilant and adapt their strategies accordingly.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#crypto2023

#CYBER Story Highlights
SAND price could hit its potential high of $0.634 by the end of 2023.Sandbox price with a potential surge could go as high as $4.632 by the end of 2030.The current price of Sandbox is $ 0.30465809.
The crypto sphere turned over a leaf of its directory in the bygone year. The new leaf from the directory boasts the diverse sectors such as NFTs, blockchain games, and the metaverse in crypto market. The digital assets from the sectors have portrayed impeccable returns. One such crypto asset is The Sandbox token, which boasts an ROI of 8,279.49%.
Decentraland and Axie infinity are said to be the top competitors of Sandbox market in terms of technology.
The Sandbox has been enticing not just gamers but marketers from the broader fraternity. Are you one of those who considers Sandbox token in your investment portfolio? Look no further, as we decode the possible Sandbox price prediction 2023 – 2025 and the years to come.
Table of contents
Story HighlightsOverviewThe Sandbox Live Price ChartSAND Coin Price Prediction 2023 Q3The Sandbox Price Prediction 2023 Q4The Sandbox Price Prediction 2023 – 2030The Sandbox Coin Price Prediction 2024The Sandbox Price Prediction 2025 The Sandbox Price Prediction 2027The Sandbox Price Prediction 2028The Sandbox Price Prediction 2029The Sandbox Price Prediction 2030Market AnalysisFundamental AnalysisFactors Affecting The Price Of SandboxWhat Is The Sandbox (SAND)? Historic Market Sentiments 2020- 2022FAQs
Overview
The Sandbox Live Price Chart
Track all markets on TradingView
Here is the SANDUSDT Price Chart, which you can rely on to identify any fluctuation.
Notably, over the past 24 hours, SAND witnessed a -1.74% change, hitting a peak of $ 0.3100 and a low of $ 0.2991.
SAND Coin Price Prediction 2023 Q3
The SAND seems to be unstoppable with a series of events lined up for launch. This NFT based platform is the best-suited investment in the current uncertain market scenario. According to CoinPedia’s formulated The Sandbox price prediction. If the network launches the updates such as liquidity mining, staking, and game maker, the price could propel to $0.446.
That said, if the network fails to execute its plan, then the price could sink to $0.254 by the end of Q3. If the digital asset continues to trade as usual without any major swings. The price could settle at average levels of $0.350.
The Sandbox Price Prediction 2023 Q4
With the release of the Sandbox game maker 0.8 a positive uptrend was witnessed in the market. If The Sandbox picks up 2023 with a positive note, and sees growing user base from the launch of its mobile version in virtual world.
Followed by more games, partnerships, and land sales, the price could rise to its maximum value of $0.634. While the usual buy and sell orders could take the price to average price target of $0.482. Negative social sentiments and volatility in the market could drag the minimum price to $0.333.
The Sandbox Price Prediction 2023 – 2030
If they manage to establish themselves more in gaming market, this can result the price of Sandbox price prediction for 2023 could range from $0.333 to $0.634 for the year.
The Sandbox Coin Price Prediction 2024
Learning from the graphical representation, whilst the count of holders and cruisers has been rising steadily. That of traders has been on a decline. Successively, the rise of long-term investors could push SAND’s price to $1.133.
On the flip side, the sand token could take the minimum level to $0.610. Successively, considering the bullish and bearish targets the average price might find its base at $0.902.
The Sandbox Price Prediction 2025
It is known to the masses that the crypto-verse has been taking giant strides towards diverse sectors. As NFTs, blockchain based games, and metaverse thrives over the years. The Sandbox would glorify further. Moreover, if the planned updates materialize as per the whitepaper. Then the price could hit its potential high of $1.520, by the end of 2025.
On the contrary, if the network fails to captivate the traction of the user base. And falls prey to widespread conjectures, the bears may easily take over. In such a case the SAND price may plummet to $1.053. That said, with regular buy and sell orders the price could settle at $1.262.
The Sandbox Price Prediction 2026
According to our analysts, SAND Crypto Price for the year 2026 could range between $1.476 to $1.814 and the average price of Sandbox could be around $1.660.
The Sandbox Price Prediction 2027
According to our analysts, Sandbox price for the year 2027 could range between $1.823 to $2.199 and the average price of SAND could be around $2.014.
The Sandbox Price Prediction 2028
According to our analysts, SAND Coin Price for the year 2028 could range between $2.311 to $2.881 and the average Sandbox price could be around $2.567.
The Sandbox Price Prediction 2029
According to our analysts, Sandbox crypto price for the year 2029 could range between $2.861 to $3.562 and the average SAND price could be around $3.212.
The Sandbox Price Prediction 2030
According to our analysts, SAND coin price for the year 2030 could range between $3.661 to $4.632 and the average price of Sandbox could be around $4.142.
Market Analysis
Firm Name202320242025Wallet Investor$0.847$0.0424$0.0239priceprediction.net$0.50$0.71$1.03DigitalCoinPrice$0.64$0.81$1.07
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Fundamental Analysis
The Sandbox was launched in the year 2011 by Pixowl company. There are two co-founders of the platform Arthur Andres Madrid and Sebastien Borget. As per their whitepaper, the vital goal of the platform is to revolutionize the mainstream gaming space with blockchain-backed technology.
Furthermore, the platform released the Alpha update in December 2018. And allocated creator funds to incentivize developers for developing items on its blockchain. Initial funding happened in May 2019, the platform has confirmed a $4.5 million seed round. From reputed tech firms including True Global Ventures, Square Enix, and Hashed.
In December 2019, the ecosystem confirmed its first LAND sale featuring a total of 2.5% of the estate. Further, the platform released a Beta version of VoxEdit in February 2020. To drag the traction of a larger user base. The liquidity mining and staking program was launched in September 2020.
Factors Affecting The Price Of Sandbox
Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.
What Is The Sandbox (SAND)?
The Sandbox has been a blockchain-backed virtual space where users can play, create, buy, sell and monetize their gaming experiences. The motive of the platform is to unleash players’ creativity by allowing them to build the platform of their vision.
The Sandbox metaverse world has been deployed on top of the Ethereum blockchain. It makes use of the PoS (Proof-of-Stake) consensus mechanism. However, the platform has its own native token SAND, a classic version of the ERC-20 token.
The Sandbox metaverse facilitates a digital piece of real estate called LAND. The key goal behind the idea is to enable game developers and creators to design and monetize their virtual experiences. In particular, players are allowed to lease and stake on their LANDs. One needs to have SAND in their wallet in order to make purchases.
Historic Market Sentiments 2020- 2022
The Sandbox entered the market in September. The SAND price was almost stable and hovered around $0.04 throughout the year.The Sandbox price had kickstarted the year with a gradual rise from $0.04064. The price had maintained a steady uptrend up to $0.8491 surging more than 500% within three months. As bears took over control, the SAND price took a steep fall to $0.1899 by early June. The second quarter commenced on a bullish note, SAND took a gradual rise to $0.831 by late September. The announcement of Facebook’s rebranding to Meta and other announcements helped SAND surge over 500% to its ATH of $8.36 by November 25th. However, bearish trends and increased volatility led to the year’s closure at on the 15th of December. After a rebound to $6.90 on the 26th of December, SAND closed its $5.936.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
FAQs
Is Sandbox a good investment?
SAND coin could be a profitable investment for the long term, with the future of blockchain traversing across diverse sectors.
What will the maximum price of The Sandbox Crypto by the end of 2023?
The price of SAND crypto could hit a potential high of $0.634 by the end of 2023.
Will SAND price hit $5 by the end of 2025?
The digital asset might surge as high as $2.541 by the end of 2025.
How high can the price of Sandbox go by the end of 2030?
According to CoinPedia’s Price Prediction, Sand price with a potential surge the price can go as high as $4.632 by the end of 2030.
What is the All-time-high of SAND?
The all-time-high of $SAND stands at $8.44, which was hit on the 25th of November 2021.
What is the current price of 1 Sand #crypto ?
At the time of publishing, the price of Sand token was $0.3046.
Where to buy The Sandbox crypto?
SAND is available for trade across prominent #cryptocurrency exchange platforms such as #Binance , KuCoin, Huobi Global, and FTX.
SAND
BINANCE
Visit website#crypto2023

#PERP Gaming startup GameOn has a new deal with LaLiga North America to develop NFT-based fantasy games for the Spanish soccer league’s United States and Canadian fanbase.
Fans will be able to buy packs of LaLiga players as NFTs and build fantasy lineups that earn points based on each player’s real-life performance on the pitch. Digital gear such as cleats, jerseys, or hats can also be purchased to equip their in-game player avatars with boosts that result in point multipliers.
GameOn’s LaLiga-branded web app will debut in the U.S. and Canada in the first quarter of 2024 with social chat features and offers for fans to win prizes—such as cash, VIP match tickets, signed merchandise, and access to player meet-and-greets. The firm will develop games around both of LaLiga's soccer leagues, including the top-tier LaLiga EA Sports and second-tier LaLiga Hypermotion.
GameOn x @LaLiga 🤝🎮This is a huge announcement for GameOn - LALIGA has a global community of over 200 million fans.“The LALIGA announcement signals a new era for GameOn,’ @gameonmatty📰https://t.co/1rY33CwdKf pic.twitter.com/384cA06mDt— GameOn (@gameonfanapp) September 13, 2023
“We’re very happy to start in the North American market. Especially [with] these Web3 games, you don't need 100,000 or a million users to have a successful game,” GameOn CEO Matt Bailey told Decrypt. “You just need 1,000 or 2,000 very excited and dedicated and engaged users, and it's a very successful and profitable product.”
ESPN reached an eight-year U.S. media rights deal with LaLiga in 2021 to stream matches from Spain’s top soccer league on ESPN+ through the 2028-29 season. The league’s growing North American presence also included iconic franchises FC Barcelona and Real Madrid playing exhibition matches in the U.S. this summer as part of the Soccer Champions Tour.
Bailey originally founded GameOn as a white-label trivia and prediction game provider that made products for the WNBA, Dick’s Sporting Goods, and NBCUniversal. The company entered Web3 with NFT-based games for the Professional Fighters League and Karate Combat.
“We're games people and we just think that Web3 is the best technology to provide the ownership, interoperability and rewards that fans want,” Bailey said. “Especially Gen Z, they don't want to watch passively—they want to own the content, play the content, influence the content, and they want rewards. That's why we're all in on Web3.”
Bailey describes GameOn as “chain agnostic,” having previously launched games on Polygon and Hedera. GameOn eventually expects to launch a token to connect its Web3 gaming ecosystem across its partnered clients, such as LaLiga and the PFL.
Investors in GameOn include Polygon Studios, Hedera, Dapper Labs, Techstars, Comcast, Lightning Capital, and Times Internet. Dapper, the maker of NBA Top Shot and NFL All Day, invested in GameOn’s $1.8 million seed round earlier this year.
LaLiga plans to promote its upcoming games with GameOn through activations in their soccer stadiums, fan watch parties, and social and digital content. The Spanish soccer league has existing deals with Dapper Labs and NFT fantasy sports game Sorare, but Bailey sees GameOn as being more complementary than competitive with other NFT-based projects.
“There's going to be a lot of different Web3 partners, NFT partners for leagues,” he said. “NFTs or Web3 will be the right technology for many different categories of fan experiences—be it games, moments and highlights, tickets, merchandise. There's not going to be a one-stop-shop for all of those services.”
“Now we're starting to see a better approach from these leagues who are not so much money-grabbing,” he added. “I guess the bubble’s burst a little bit there.”#CYBER #crypto2023 #BinanceTournament

#CYBER Ripple’s ongoing legal battle against the US Securities and Exchange Commission (SEC) is known to have had some negative effects on the company. And now, Ripple’s Chief Technology Officer (CTO) David Schwartz has given an insight into how much the lawsuit has affected the company.
SEC’s Lawsuit Made Ripple Lose Stablecoin Deal
Schwartz revealed during a space on the X (formerly Twitter) platform that Ripple was close to signing a deal with an undisclosed stablecoin issuer in the last quarter of 2020, but the deal never materialized because it was around that period the SEC filed a lawsuit against the crypto firm.
It is possible that the stablecoin issuer likely backed out of the deal to avoid being dragged into the lawsuit between Ripple and the Commission.
Ripple has been in a long-running legal battle with the SEC, with the Commission alleging that the crypto company’s sale of its XRP token constituted an investment contract that invariably makes XRP a security.
Despite this, the company has continued to build towards establishing itself as a decentralized payment system, and Schwartz revealed that as part of its efforts, the company is looking to “integrate the DEX use into ODL.”
ODL stands for Ripple on-demand liquidity, which helps customers transfer money globally without needing any centralized financial institution to be involved. The company aims to create a financial system that is more seamless, faster, and cheaper than the existing financial structure.
Schwartz also touched on the capabilities of Prisma, and how it can help optimize liquidity across the ecosystem by tapping into liquidity from various exchanges. This is because Prisma also makes it easier to facilitate large down transactions by breaking them into smaller and more manageable bits.
The Importance Of Stablecoins To Its Plan
Stablecoins are integral to Ripple’s implementation of the ODL. These fiat-backed tokens will make it easier to settle cross-border transactions in the stablecoin that is pegged to customers’ local currency.
As such, the company is still looking to partner with banks and other financial institutions that could issue stablecoins on the $XRP ledger.
It is believed that the #crypto company could get more favorable responses compared to when the SEC’s lawsuit began, seeing that Ripple has enjoyed a significant victory over the regulator, and many analysts still project the SEC to lose when the trial commences.
These developments come at a time when the #blockchain is set to introduce a new rippled version of the #XRP ledger, which could introduce a novel automated market maker (AMM) design on the DEX. The update is expected to be released on September 11, 2023. #crypto2023

#PERP Every trader knows that diversification in financial markets is a crucial element of success, and employing various trading strategies can pay off. The old market saying was confirmed by the latest data from the retail trading platform, Capital.com, which shed light on an emerging trend in the UK. Specifically, those who adopted a mix of both long and short trading positions during the first half of 2023 outperformed traders who chose a single-direction approach.
Mixing Long and Short Trades Yields Better Returns
Capital.com analyzed the performance of almost 5,000 active traders during the first six months of 2023. The data showed that traders executing both long and short trades had better returns than those sticking to just one side of the market.
Only 42% of short- and 46% of long-only traders made a profit. In contrast, traders employing both long and short strategies saw more than 50% profit. For those utilizing a mix, the optimal long-short ratio ranged between 50% and 70% in favor of long positions. The study reported a -13% ROI for long-only traders and a -8% ROI for short-only traders. Meanwhile, mixed-strategy traders showed a relatively strong -0.9% ROI.
“Markets never move in one direction forever and the first half of 2023 showed this to be true,” Daniela Hathorn, the Senior Market Analyst at Capital.com, commented. “As markets walked a tightrope between economic recovery and lower stock market returns, UK traders responded by moving away from long-only or short-only trades to incorporate both long and short positions to their trading strategies.”
This indicates that combining both strategies is advantageous in the current market environment, which has been bearish overall but punctuated by sharp rallies.
Shifting Retail Trading Behavior
Data also indicate a significant shift in the behavior of retail traders in the UK. The percentage of long-only traders on the Capital.com platform dropped from previous years, falling from 44% and 50% in past years to just 28% in the first half of 2023. This decline suggests that retail traders are increasingly avoiding a long-only bias.
“Our data affirms how UK traders are adapting their strategies as we enter what appears to be a bearish market where opportunities to derive value from rising markets are reduced,” Hathorn added.
In the first half of 2023, UK traders were frequently net-long on stocks like Bed, Bath & Beyond and AMC Entertainment Holdings. However, they expressed a net-short sentiment in FX pairs and major indices like the DAX40 and Dow Jones.
“2023 has seen the resurgence in meme stocks with new players coming onto the scene. Despite the 2021 fan favorites having been crushed since their heyday, it’s common to see traders flock to the popular meme stocks in case they are also part of the resurgence in risk appetite,” the Senior Market Analyst at Capital.com concluded.
The data highlights the need for diversification and not relying on bullish-only strategies. The poor performance of long traders signals traders may need to acquire new skills, including short selling.
Time and Diversification Boost Retail Traders' Profits
Another recent study by Capital.com, released in June, shows that traders who spread their investments across multiple asset classes and hold positions for longer durations see better returns.
Table: Trading commodities first gave the highest success rate
First asset
Median success rate
Average (mean) success rate
% of users
Shares
44.44%
46.65%
25.85%
Forex
50.00%
56.81%
11.89%
Commodities
52.75%
58.55%
21.61%
Indices
51.35%
54.99%
9.69%
The study, which analyzed the trading activities of 100,000 global clients from May 2022 to April 2023, revealed that such diversified traders were successful in 60% of their trades. On the other hand, traders who specialized in a single asset class saw profits in just 48% of their trades.
In other company news, the executive team has had several key changes over the past few months. Simone Manni was recently named the Head of Commercial Marketing for Europe. Before that, Niamh Byrne, formerly of IG Group, was appointed Head of UK and Ireland. Additionally, Greg Adams has been hired as the Head of Risk, further strengthening the leadership team.#CYBER #crypto2023 #BinanceTournament

#CYBER This groundbreaking initiative, as disclosed on the Snapshot voting page, encompasses a series of strategic moves aimed at optimizing CYBER liquidity on #Ethereum (ETH), #Binance Smart Chain (BSC), and the Optimism network (OP).
The first component of this proposal involves the deployment of CYBER-ETH, CYBER-BSC, and CYBER-OP Bridges powered by LayerZero’s ProxyOFT. This means that users can seamlessly bridge CYBER tokens between different chains using the Stargate platform.
To ensure sufficient liquidity for these bridges, CyberConnect intends to leverage the Internet Community Treasury’s unlocking network. The foundation plans to reserve substantial quantities of CYBER tokens for each bridge, with 25,000 CYBER-$ETH , 25,000 CYBER-BSC, and 25,000 CYBER-$OP tokens earmarked for this purpose. This effort is further supported by the availability of 7 million CYBER-BSC and 3,888,000 CYBER-#ETH tokens to maintain liquidity.
In a move to maintain a balanced CYBER token supply across all networks, the foundation also has provisions for minting and destroying CYBER tokens if the need arises. This dynamic approach ensures that the overall supply of CYBER remains constant at 100 million tokens.
The emergency proposal reached an overwhelming approval rate of 99.99% within a short voting window, which ended at 4:19 pm today. This resounding consensus showcases the strong backing for CyberConnect’s strategic vision within the community.
In related news, Scopescan data highlights a significant increase in CYBER holdings on Upbit, reaching 3.8 million tokens. Remarkably, $CYBER is currently trading at approximately $15.8 on South Korea’s CEX, representing a substantial premium of approximately 75% compared to the global market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#crypto2023

#CYBER There are a slew of books about cryptocurrency already published — scathing critiques from skeptics, fawning love letters from the orange-pilled, colorless financial treatises from economists, plus a number of investigative tomes diving into the most famous crypto hacks and scams.
But unlike every other crypto book that I’ve had to read for work (and that’s quite a few), Faux’s book stands out by the simple fact that I just couldn’t put it down.
As a fellow crypto skeptic myself, I want to emphasize that it is not just that Faux’s skepticism about crypto drew me in — I’ve read plenty of works by crypto skeptics that left me unimpressed. And despite this iconic line from the introduction — “From the beginning, I thought that crypto was pretty dumb. And it turned out to be even dumber than I imagined” — he does mainly refrain from making sweeping statements about the absurdity of crypto, letting the facts speak for themselves.
Instead, the draw of this particular book is that Faux has managed to write a fascinating 200+ pages about cryptocurrency without making the story about the technology itself. This is what happens when an investigative journalist with a passion for uncovering scams takes a look at the crypto markets. There’s no agenda here — Faux isn’t trying to convince you to go out and petition your local congressman to ban crypto after reading. Instead, he’s embedded with the weirdest weirdos in crypto, allowing their stories to shine a bright light on the inner workings of Tether, FTX, Axie Infinity and other seemingly “too big to fail” crypto companies right before most of them failed.
Faux takes #cryptocurrency ’s actual, real-life “use cases” (he doesn’t call them that, but I can co-opt this crypto slang ironically here) and shows them in excruciating detail. He turns the numbers going up and down on your computer screen into the suffering of the Filipinos who lost everything when the price of Smooth Love Potion crashed, and the beaten, bruised face of an escaped slave from a Tether-dependent Cambodian criminal empire.
“Crypto bros routinely claimed that anonymous, untraceable payments on the blockchain would somehow help the world’s poor. But it seemed like none of them had bothered to look into what their technology was actually being used for. Tricking Filipinos into going into debt for a pipe dream based on Smooth Love Potions was bad enough. But aiding and abetting enslavement?”
The bridge from Tether to FTX
Despite a front cover featuring Sam Bankman-Fried’s face on a coin, Faux clearly began this book as an exposé on Tether. The stablecoin defied his expectations however and, two years after starting his research, Tether remains robust.
After realizing the crypto community’s indifference to Tether’s allegedly dubious background, Faux pivoted his approach. While he didn’t get the chance to confront a single Tether executive with his uncovered evidence of the Cambodian slave compounds running on Tether, he was able to glean a reaction from Sam Bankman-Fried: “‘That’s fucked,” [SBF] said. “I just don’t fundamentally know what to do about it.’”
Putting that evidence in front of SBF instead of anyone from Tether wasn’t as random as it sounds — the former FTX CEO had allegedly asked secretive Tether exec Giancarlo Devasini for a multi-billion dollar bailout, plus, FTX was how some of the Tether scammers cashed out their eventual profits.
Meanwhile, interviewees in other segments offered many candid insights, reflecting the polarized opinions in the crypto realm.
The creator of a certain formerly popular crypto exercise app described how its users “Ponzied” each other. One of SBF’s biggest supporters claimed, “I firmly believe once somebody becomes a certain level of rich, they’re never poor again.” And at a party for the Degenerate Trash Pandas NFT collection, Faux recounts asking one of the guests whether crypto would ever be useful to regular people, to which the partygoer responded:
“Why is it that you think that is important?”
The real beauty of this book is in the little details. It’s what makes it read like fiction, even though it’s all unfortunately horrifyingly real. As Faux attends a party looking for Brock Pierce (former Mighty Ducks child star as well as former Tether co-founder), he writes:
“In the kitchen, an older guy with a leathery tan sneakily filled up his water bottle from a handle of whiskey. Someone complained that their shoes had been stolen. A doctor from Boise, Idaho, and a Bitcoiner were talking about the coronavirus vaccine and ‘medical freedom.’
Six young women with long straightened hair wearing short skirts or sequined dresses arrived in a group. One of them sat at the piano and played a song. ‘Look at the rack on her,’ a guest said to me, not quietly enough. He then walked over and told her she sounded like a dying bird.”
Or when Faux writes about his time at ApeFest meeting Jimmy Fallon, right after the height of the Bored Ape Yacht Club celebrity craze. He notes that Fallon looked “tan and smooth, almost waxen” when the celebrity television host told him in a bored tone that he only bought his ape “for the community.”
Following the red flags
The best way to describe Number Go Up is a leave-no-trace crypto examination. Faux first enters the world of crypto with the intention of uncovering scams — not because he believes that crypto is inherently a scam, but because he wants to follow the red flags for financial crimes perpetrated using crypto that any normal investigative reporter would see. And then, when his explorations are over, he leaves the crypto space just as he left it: He bought and sold his Mutant Ape, none of the Tether executives he thought would be brought down by the crypto crash were jailed, and the crypto crash wasn’t even the end of crypto as we know it.
But even though you could not say that Number Go Up is in any way a positive story about crypto, it’s also clearly not your typical crypto skeptic’s manifesto, listing the reasons why crypto is a Ponzi scheme, crypto mining is killing the environment, #bitcoin is “rat poison squared” and worse than harvesting babies’ brains, etc. etc.
And that’s probably because the author is not your typical crypto skeptic. He is an investigative journalist who is good at finding scams and writing about them, as he admits in the introduction, and that’s what he set out to do — find the scams in crypto and write a good book about them.
And he certainly found them.
I don’t care much about tech, I don’t care a whole lot about finance, either. I care about writing stories and watching weird things unfold. And that’s why I’ve ended up in crypto. But because I’m missing that passion for what crypto and blockchain are all about — finance, tech, privacy, yadda yadda — I’m going to write instead about what I am actually interested in. Everything about crypto that has very little to do with crypto. That’s what this column will be about. All the tangential stories that come out of the blockchain and crypto space, what I think about them, and how I navigate it all as a skeptical former Russian literature major. It’s precisely my perch as an outsider that lets me do what I do: Opine on all sides of any crypto issue, no strings attached, no skin in the game. If you want to talk #crypto with me, let’s go off topic.#crypto2023

#PERP As the debate for implementing crypto regulation continues to surface, Brad Garlinghouse, CEO of Ripple, has recently shared his perspective.
At a recent conference in Singapore, Garlinghouse highlighted the importance of crafting appropriate regulatory frameworks for the crypto industry.
The Necessity Of Proper Regulation
While appearing at Token 2049 in Singapore, Garlinghouse emphasized the inevitability of governmental involvement in crypto. Garlinghouse highlighted a prevailing sentiment among certain factions of the crypto community that vehemently opposes any form of regulation.
According to the Ripple CEO, this is a stance that, if perpetuated, may hinder the industry’s long-term growth. Garlinghouse stated:
In my judgment, if we want this industry to thrive and fundamentally rewire how financial infrastructure works, we can’t pretend like government regulation doesn’t matter.
Garlinghouse stressed the importance of agreeing on foundational regulatory elements, referencing the ongoing disagreements that ripple through the crypto world. The Ripple CEO noted:
I still do find categories of the crypto community fighting on some of these basic regulatory frameworks.
Anti-Money Laundering (AML) and Know Your Customer (KYC) are established protocols in the traditional financial sector to combat financial crimes and ensure transparency. Garlinghouse believes that their inclusion within the crypto sector is paramount.
With Ripple currently navigating a legal battle with the US Securities and Exchange Commission (SEC), Garlinghouse articulated:
AML is going to matter, KYC is going to matter. If you’re taking the point of view that we’re going to circumvent those things, that’s not the industry I see out 5 to 10 years from now that really is thriving and growing.
Entrepreneurial Ventures And The US Landscape
Garlinghouse also touched upon the challenging environment for #crypto entrepreneurs in the United States. Given the current regulatory atmosphere, Garlinghouse advised crypto founders to “think twice” about establishing ventures on US soil. The CEO of Ripple emphasized:
The only country I would not encourage people to start a company right now is the US. There’s probably some others, but the US is a big one to call out.
This is just one of Garlinghouse’s verdicts over the past few days. As reported yesterday, the Ripple CEO also shared insights on the ongoing appeal by the SEC regarding a court decision by Judge Analisa Torres.
Garlinghouse voiced his dissatisfaction with the SEC, mentioning its relentless pursuit despite Ripple’s legal victory costing them over $100 million in fees. Although challenged, Garlinghouse is hopeful, emphasizing that the judge has clarified that #XRP isn’t a security in the North American country.
The SEC’s appeal focuses on specific circumstances and potential investment contracts. Garlinghouse is confident that ascending the US appellate court system, known for its conservative stance, works in Ripple’s favor. Garlinghouse firmly believes in Ripple’s position, stating, “The facts are on our side, and so is the law.”
Featured image from CNBC, Chart from TradingView#CYBER #crypto2023

#CYBER The fusion of blockchain and Artificial Intelligence (AI) has given birth to many groundbreaking projects in the crypto space. These not only push the boundaries of innovation but are also set to redefine the future landscape of technology. As September approaches, enthusiasts seek the best cryptos to invest in. Three crypto AI projects stand out in the crowd: InQubeta ($QUBE), SingularityNET ($AGIX ), and OriginTrail ($TRAC). Let’s dive into what makes each of them a promising investment for September.
InQubeta (QUBE): Democratizing AI Investment
Akin to a revolution in the AI domain, InQubeta offers a solution that was once a dream for many – enabling average investors to invest in AI start-ups. InQubeta’s platform, backed by its native QUBE tokens, offers fractional investment opportunities, bridging the gap between high-potential AI start-ups and investors. This fuels the growth of these burgeoning companies and contributes to the broader evolution of AI technology.
As a deflationary ERC20 coin, QUBE comes with unique selling points, ensuring consistent rewards for its holders. Through a smart mechanism involving buy and sell taxes, QUBE incentivises staking and promises a brighter future with its transparent and secure investment ecosystem. And with plans to expand the InQubeta reach multi-chain by Q1 2024, this project is certainly one to watch. It is currently in the third stage of the QUBE presale, and over $2.5 million worth of tokens have already been sold. You may want to bag some cheap coins before the price increases for the next round.
SingularityNET (AGIX): The Global AI Marketplace
Treading on the heels of InQubeta is SingularityNET’s AGIX. Envisioned as a decentralized AI marketplace, SingularityNET promises an ecosystem where AI services can easily built, shared, and monetized. However, It’s a true democratization of AI, allowing developers globally to create, deploy, and most importantly, sell their AI-driven services.
AGIX, the beating heart of this ecosystem, serves as the platform’s native token. It facilitates payments for AI services, making the marketplace fluid and accessible. Moreover, AGIX’s intrinsic value is set to rise as the platform sees more adoption and growth, making it the best crypto investment for those eager to back the future of decentralized AI.
OriginTrail (TRAC): Improved Data Management
OriginTrail offers a fascinating blend of AI and blockchain. By focusing on data management, OriginTrail introduces an open-source protocol that merges blockchain with knowledge graphs. The result is a decentralized graph, a first of its kind, aiming to transform supply chains, enhancing efficiency, traceability, and transparency.
Powering this innovative ecosystem is the TRAC token. By incentivizing data providers, node operators, and other participants, TRAC also ensures that the network remains active and thriving. As more industries realize the potential of decentralized data management and provenance tracking, OriginTrail, and by extension, TRAC, stands poised for exponential growth.
Conclusion
The intertwining of AI and #blockchain presents a frontier filled with boundless opportunities. As we step into September, InQubeta, SingularityNET, and OriginTrail emerge as the leaders of this exciting confluence. Moreover, Their promise and innovative approaches make them must-watches for anyone keen on backing projects that could define the next era of technological advancements. It’s not just about buying top #crypto coins; it’s about supporting a brighter, more decentralized, and infinitely more promising future.#crypto2023 #cryptocurrency

#CYBER Binance Coin (BNB) has experienced a notable setback, retracing from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, a technical indicator characterized by declining peaks and troughs confined within two converging trend lines.
As of the latest data from CoinGecko, BNB is currently trading at $214.94, with a 24-hour decline of 0.9% and a modest seven-day gain of 0.6%. On August 31, the BNB price dipped below the critical $220 local support level, signaling the possibility of further bearish movement.
However, amidst the prevailing market uncertainty, BNB’s price has turned sideways, leaving both buyers and sellers in a state of indecision.
The falling wedge pattern, often referred to as an ending diagonal pattern, can be seen as a potential signal of exhaustion within a prevailing bearish phase, hinting at a potential trend reversal. If the recent breach below $220 fails to sustain, it could open the door for buyers to challenge the overhead resistance.
Binance Coin Potential For Turnaround
Price analysis suggests that a successful breakout from this falling wedge pattern would signify a bullish turnaround for BNB. This could potentially propel the coin’s price to target levels of $234, and if momentum continues to favor buyers, it may even reach heights of $247 or even $263.
In a parallel development, PancakeSwap (CAKE) has achieved a significant milestone in the cryptocurrency ecosystem. According to a post by glebk.eth, PancakeSwap’s monthly revenue has surpassed that of BNB Chain over the last 30 days.
.@PancakeSwap surpassed @BNBCHAIN in terms of monthly revenueData source: @tokenterminal $CAKE $BNB #BNB #BNBChain pic.twitter.com/Vp1bHg8o6N— glebk.eth (@glebk_eth) September 7, 2023
PancakeSwap operates on BNB Chain due to its lower transaction costs, which allow users to swap tokens with significantly reduced fees compared to Ethereum ($ETH ).
Token Terminal data reveals that, as of September 6, PancakeSwap generated fees totaling $96,237, indicating a substantial increase in user transactions compared to the previous day.
In contrast, $BNB Chain’s 30-day revenue stood at $931,700 on September 7. PancakeSwap’s revenue during the same period, however, exceeded expectations, reaching $970,800.
Implications For The Crypto Market
These developments in the crypto market highlight the ongoing battle between various blockchain platforms and decentralized exchanges. #BNB ’s struggle with overhead resistance underscores the challenges faced by cryptocurrencies in maintaining upward momentum amid market volatility.
As the #crypto landscape continues to evolve, investors and enthusiasts will closely monitor these trends to assess the potential impact on the broader market and the long-term viability of different #blockchain ecosystems.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
Featured image from Fortune#crypto2023

#CYBER The market’s recovery is evident as various tokens embark on an upward path. Gala (GALA) receives a boost from a recent favourable court ruling in the Grayscale vs. SEC case, while Hedera (HBAR) experiences a weekly decline ahead of a token unlock. In contrast, VC Spectra (SPCT) remains unfazed by market fluctuations, delivering substantial gains to its investors, implying that it can be the best #cryptocurrency for beginners.
Let’s delve into the world of VC Spectra (SPCT), GALA, and Hedera (HBAR)—hidden treasures priced under $0.5 that hold explosive potential!
>>BUY SPCT TOKENS NOW<<
Gala (GALA) Surges After a Court Rules in Favor of Grayscale
In a recent development on August 29, 2023, a court ruled in favour of Grayscale and against the SEC. This ruling grants Grayscale’s request for a review, pushing the SEC to reevaluate its prior rejection of Grayscale’s ETF application and provide more substantial grounds for denying it again. This outcome carries substantial implications for cryptocurrencies, GALA included.
Experiencing a notable uptick, the price of GALA increased by 5.2%, rising from $0.01944 on August 28 to $0.02043 on August 30. This upward movement in the price of GALA can be attributed to the broader market rally triggered by the favourable court ruling in favour of Grayscale.
Market analysts have labelled the sentiments for GALA as bullish due to its price and volume movement in the past five days. Forecasts suggest that the price of GALA will likely continue its upward path in the upcoming days.
Hedera (HBAR) Struggles Ahead of a Token Unlock
As per its original 2018 schedule, Hedera (HBAR) is set to unlock 1.15 billion tokens this Friday. This action will elevate the total circulating supply to over 15 billion, aligning with the goal of Hedera (HBAR) of widespread governance token distribution. The price of Hedera (HBAR) has dropped by 10.5% within seven days from $0.06184 on August 23, 2023, to $0.05533 on August 30.
Since its launch, Hedera has employed a strategic approach that involves controlling releases to mitigate volatility. This unlocking brings Hedera (HBAR) closer to its eventual maximum supply of 50 billion tokens. Beyond enhancing liquidity, these scheduled releases also enable the market to anticipate forthcoming inflation impacts effectively.
Experts rule that the dip in Hedera (HBAR) price is temporary, and it might be the best #crypto to buy. Recent developments in the Hedera (HBAR) platform, like integrating its instant payment platform, Dropp, into the U.S. Federal Reserve’s FedNow platform as a service provider, suggest that a price surge is expected.
VC Spectra (SPCT) Becomes an Investor Favorite for Huge Gains
As $GALA and Hedera ($HBAR ) take divergent paths after a bearish week. VC Spectra (SPCT) remains undeterred, establishing itself among the best coins to invest in.
In addition, As a decentralized investment management firm, VC Spectra (SPCT) employs advanced AI algorithms to identify lucrative investment prospects. This on-chain hedge fund uniquely offers early-stage investment access to non-accredited investors, effectively addressing a key market gap.
The VC Spectra (SPCT) token, built on the Bitcoin #blockchain with the BRC-20 standard. It is a robust tool for decentralized trading, asset management, and transaction facilitation within the Spectra platform. Acting as the central currency in the Spectra ecosystem, the VC Spectra (SPCT) token provides access to a range of platform services.
Currently, in Stage 3 of its public presale, VC Spectra (SPCT) holds a price of $0.025. Stage 1 investors have already gained a significant 212.5% profit at this point. Moving into Stage 4, the price of VC Spectra (SPCT) is anticipated to hit $0.033, offering a profit opportunity of 32% for new investors.
As the presale concludes, a price of $0.08 is expected. It secured an impressive profit of 220% for new VC Spectra (SPCT) investors in Stage 3.#crypto2023

#crypto2023 Covalent's CQT, labeled as 'AI & Big Data Token' by CMC, witnesses marvelous price upsurge
As interest in the newest AI endeavors, including GPT-4 and DALL·E 3 generative models are back, #cryptocurrency tokens somehow associated with the AI narrative are growing again. While almost all of the best performers are new low-cap coins, some of the veteran cryptos also posted impressive gains.
AI #crypto Covalent (CQT) adds over 40% in seven days
CQT, the core native cryptocurrency of infrastructure producer Covalent, is among the best performers in the "Top AI & Big Data Tokens" section of CoinMarketCap. In the last few days, the token managed to add over 42%.
Image via CoinMarketCap
This is not the only splendid rally in AI's corner. Novel cryptocurrency DexCheck (DCK) almost doubled its market capitalization in the last seven days. After adding 86%, its price peaked at $0.0327.
Bridge Oracle (BRG), for the first time, joined the club of coins with seven-digit capitalization. However, both altcoins are trading mainly on DEXes, with very little liquidity available.
As such, it is safe to say that the segment of AI coins outperformed the cryptocurrency market as a whole last week. The aggregated capitalization of CoinMarketCap-tracked digital assets only increased by 2.3% from $1.047 trillion to $1.072 trillion in equivalent.
Also, the low-cap AI coin Trustverse (TRV) almost tripled its capitalization in October 2023.
As U.Today covered previously, the frenzy around generative AI and applications on it resulted in two or three pumps of AI-associated cryptocurrencies.
Verasity (VRA) stole all headlines and keeps pumping
While it is still unclear whether all of them are actually using some sort of AI for their products, a number of "AI narrative" tokens already rallied by 1,000% in Q1, 2023.
Verasity (VRA), the core newsmaker of last week on the mid-caps scene, is also marked by CoinMarketCap as an AI/Big Data coin. It jumped by 70% overnight on the announcement of the token burn event.
Today, VRA keeps pumping: by press time, it is up 13% in the last 24 hours.
Overall cryptocurrency sentiment can be described as moderate optimism: Alternative’s Fear and Greed index is back to the "Neutral" zone with a value of 49/100.#Layer2 #BTC

#Layer2 U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler filed testimony before House Committee on Financial Services hearing.
Ahead of the U.S. House of Representatives Committee on Financial Services hearing on September 27, 2023, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler appears likely to repeat stance he took during the recent hearing before the Senate Committee on Banking, Housing, and Urban Affairs.
Also Read: Bloomberg Analyst Reveals One Absent Piece in Franklin’s Bitcoin ETF Race
Gary Gensler Hearing: What To Expect
On September 12, 2023, CoinGape reported Gensler’s statement that crypto industry is rife with fraud, abuse, and misconduct. Similarly, he repeated the statement in his latest testimony submitted before the House Committee on Financial Services. The hearing is titled ‘Oversight of the Securities and Exchange Commission’ and will be livestreamed at September 27, 2023 at 10 AM eastern standard time. Extending the US SEC’s widely criticized stance on crypto regulation, Gensler had in the testimony stated, “Most crypto tokens are subject to the securities laws.”
Further, he gave a prior notice of silence on ongoing litigations like the #XRP lawsuit and the Grayscale spot ETF conversion ruling. When asked about the SEC’s actions so far on the approval of spot Bitcoin exchange-traded funds (ETFs), Gensler said it was work in progress with the agency officials. Contrary to Gary Gensler usual style of communication, the Commission’s chair has been relatively silent on the crypto enforcement part since the XRP lawsuit Summary Judgment came out.
“While I’m happy to discuss the SEC’s work, I will not be able to comment on any active, ongoing litigation.”
In a memorandum to the Committee from the Republicans mentioned the SEC’s past actions like the definition of crypto trading platforms and companies running crypto custodial activities. Hence, questions are likely to come up on these lines. In addition, Congressman Blaine Luetkemeyer sent a letter to Gensler along with the Financial Industry Regulatory Authority (FINRA) on concerns of the two bodies’ scrutiny of registered broker dealers with ties to the Chinese Communist Party like Prometheum and Webull.
It may be recalled that since May 2023, the SEC had been under fire from several lawmakers and members of the crypto community for approving Prometheum’s application to offer custody of digital assets following FINRA approval.
Timeline For Crypto Regulatory Framework
In the context of the recent legislative actions to implement laws around crypto industry, the members of House Committee may likely grill the SEC Chair on specifics about timeline based framing of the United States #crypto regulatory framework. In a latest development, a bipartisan coalition of lawmakers has urged Gensler to speed up the spot ETF approval process in the context of the recent court filings like the Grayscale verdict that granted motion to convert the company’s Bitcoin Trust into a spot Bitcoin ETF.#opbnb #crypto2023

#crypto2023 Social media post published by X boss Elon Musk caused enthusiastic response by crypto community, and $XRP army in particular
In a recent post on the social media platform X (known as Twitter before Elon Musk began rebranding this year), tech billionaire and X owner Musk wrote about the Community Notes feature.
These "Notes" include additional information under posts on the X app and correct them if they are misleading, offering direct sources of information for this or that particular news.
Musk wrote that from now on, Community Notes will appear under X posts a lot faster than before.
#XRP payments appear much faster 🚀
— XRPcryptowolf (@XRPcryptowolf) October 4, 2023
As often happens, many crypto-themed accounts rushed to present themselves in the comment thread of a post issued by Musk. This time, among the crypto enthusiasts who responded was prominent XRP-focused handle @XRPcryptowolf, David Gokhshtein and many others who began discussing the Community Notes feature introduced by the X owner.
Community urges Musk to sell Tesla for crypto – SHIB, DOGE, $BTC
A similar response was made to an earlier X post published by Musk today. That one was about a more affordable version (RWD) of Tesla's Model Y becoming available.
Several crypto enthusiasts, including Safepal cryptocurrency wallet and Shiba Inu's marketing expert Lucie responded, offering to buy a Tesla with crypto. Lucie, an advocate of Shiba Inu and a member of its team, stated that she would love it if she could pay in $SHIB meme coins.
I'd trade my Benz for a Tesla, but I have nowhere to charge it 😂
I also want to pay in $SHIB
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) October 4, 2023
Last year in October, Elon Musk used his Boring Company to launch a collectible item of limited supply – a perfume called "Burnt Hair." It was available both for fiat currencies and for crypto. The latter included Shiba Inu, Dogecoin and many other currencies that crypto payments processor BitPay works with, as the payments were done through BitPay.
Basically, even now, Tesla and SpaceX accept Dogecoin as payment for their merchandise. In 2021, Tesla, for a couple of months, even accepted Bitcoin for its e-cars. Later on, Musk shut that option down for environmental concerns to do with the Bitcoin proof-of-work mining process.
Musk then stated that Tesla will resume accepting #BTC once at least 50% of the mining begins to happen using renewable energy sources. Per Bitcoin evangelist and head of the MicroStrategy giant Michael Saylor, this milestone was achieved in the year 2021. Still, Tesla has not resumed taking #bitcoin payments yet.#Layer2

#FDUSD 1 The Algorand coin’s price increased by 2.50% over the last week.2 The price of ALGO coin is trading at $0.11425 and the 52-week range is $0.09853 – $0.29788.
Algorand (ALGO) has a fully diluted valuation (FDV) of $1,141,164,983. This is a hypothetical market cap, assuming all 10 Billion ALGO tokens are circulating today. This is according to the crypto data and information website Coingecko. However, the actual FDV may take years to reach, depending on how the ALGO tokens are distributed over time.
As per Coinmarketcap, Algorand crypto plummeted by 2.97% in market value and by 32.49% in trading volume in the last 24 hours. Its market value is $890,404,530 and its trading volume is $54,697,594. There are 7,810,458,410 ALGO in circulation.
Algorand coin’s (ALGO) open interest is $37.06 Million. As per Coinglass, another crypto analysis website, it fell by 3.57% in the previous session. The long versus short ratio for 24 hours is 0.9361. The total number of short positions added in the last 24 hours is $4.58 K against longs of $66.48 K.
ALGO Coin Price Technical Analysis in the 1-Day Timeframe
ALGO coin price showed a downward trend for the past three months, decreasing by 32.34% during this period. At the time of publication, the ALGO Coin price is trading at $0.11425, and the price took support at the $0.09852 level and broke the trendline resistance.
Therefore, if the ALGO Coin price sustains the current level and rises, then it might hit the nearest resistance levels of $0.12237 and $0.13978.
However, the ALGO coin price could continue to move downwards and reach an all-time low at $0.09853. If it fails to maintain the current level.
Source: ALGO/USD.1D.BITSTAMP by TradingView
At the time of publishing, the ALGO coin price (BITSTAMP: ALGO) is trading below the 50, 100, and 200-day EMAs (exponential moving averages), which are rejecting the ALGO Coin price trend.
However, 20-day EMA is supporting the trend if more buying volume adds up then the price might conquer rejecting EMA’s by making higher highs and lows.
Hence, ALGO Coin price prediction estimates the prices to move upwards, indicating a bullish outlook over the daily time frame chart for its price.
Source: ALGO/USD.1D.BITSTAMP by TradingView
The MACD line at 0.00136 and the signal line at 0.00227 is below the zero line and both lines crossed each other a bullish crossover is observed in the MACD oscillator, suggesting bullish signals. The current value of the RSI is 52.81 points and the 14-day SMA is below the median line at 44.06 points, which indicates an upward direction and bullish sentiments in the market for the ALGO coin.
Conclusion
ALGO coin price prediction highlights the bullish sentiments and perspectives of investors and traders regarding the ALGO coin in the daily time frame. Algorand price action highlights a bullish view at the time of publishing. Moreover, the technical parameters of the Algorand price suggest the continuation of the uptrend over the daily time frame chart. Major trustworthy indicators MACD, RSI, and EMA, provide positive signals regarding the $ALGO crypto prices.
Technical Levels
Support levels: The nearest support levels are all-time low at $0.09853.Resistance levels: The nearest resistance levels are $0.12237 and $0.13978.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in #crypto assets comes with a risk of financial loss.#crypto2023 #MultiChain #BinanceTournament

#crypto2023 A potential breakout from the overhead trendline could accelerate the bullish momentum in BTC Price.
Throughout September, the #bitcoin price action has been largely confined to a narrow trading range, demonstrating a period of consolidation. During this time, a descending trendline consistently provided resistance, fueling expectations for an extended corrective phase among traders. However, the recent market surge—partly catalyzed by rising concerns of a U.S. government shutdown—saw BTC price attempting another breakout from this overhead barrier, igniting hopes for a renewed bullish phase.
Will the Current Recovery Surpass $28000?
The BTC price above the daily EMAs(20, 50, and 100) could offer additional.
A bullish breakout from the resistance trendline could surge the coin price by 4%
The intraday trading volume in Bitcoin is $6.2 Billion, indicating a 6% gain.
Source-Tradingview
Over the last six weeks, the Bitcoin price has encountered resistance from this overhead trendline on three separate occasions, illustrating that traders have been capitalizing on bullish spikes to sell. Today’s trading was no different; despite an intraday gain of 0.7%, the price met increased selling pressure at around the $27,200 mark.
This resulted in a long-wicked candlestick, hinting at the possibility of an imminent bearish reversal. Should the price dip below the low of $26,671 set on September 29, a further decline toward the $25,000 level would become increasingly likely.
However, the prevailing bullish sentiment suggests another potential outcome. If the daily candle manages to close above this key resistance level, we could see the price make a swift 4% recovery to meet the next level of resistance at $28,200, aligned with the descending trendline from previous highs.
A definitive breakout above this point could serve as a strong indicator of a more durable recovery, potentially propelling the $BTC price past the significant psychological milestone of $30,000.
1 BTC to USD=$27982.655
Buy / Sell
BTC
USD
BTC vs ETH Performance
Source: Coingape| Bitcoin Vs Ethereum Price
Coming to the past month’s price behavior in the two leading cryptocurrencies Bitcoin and #Ethereum , both have showcased the mid-term trend sideways. However, the Ethereum price has outperformed #BTC in last week’s recovery, indicating it is a better asset to ride the current rally.
Exponential Moving Average: The buyers’ reattempting to reclaim the 200-day EMA slope would offer an additional edge to buyers.
Average Directional Index: An uptick in the daily ADX slope reflects the buyers have enough potential to extend further recovery.#opbnb