crypto2023

#FTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Targets

Chart Analysis: $FTM forms Cup & Handle pattern on HTF, hinting at breakout and massive gains!

Long-Term Targets: Fantom could skyrocket to $10 in next bull run, a potential 30x-40x surge!

Support/Resistance:

Support at $0.25 & $0.170

Resistance at $0.46, $0.60, $1.18, $3.31

Breakout above resistance fuels further bullish momentum

Accumulation Opportunity:

Every dip is a chance to accumulate

Strong support at $1.75 makes it a sweet entry point!

Takeaways:

Cup & Handle pattern = bullish trend

Research before investing Let's ride the Fantom wave!

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South Korea's largest pension fund recently made a substantial investment in the US crypto exchange Coinbase.During the third quarter of 2023, the NPS acquired 282,673 shares of Coinbase stock for $20 million.With Coinbase shares soaring to approximately $96.92 per share, the NPS is currently profiting from its investment.The NPS' decision to invest in Coinbase underscores the increasing acceptance of crypto among governmental and institutional investors.This move by the NPS follows Virginia's investment of around $35 million in VanEck's New Finance Income Fund back in 2019, making it clear that pension funds are gradually embracing crypto investments.

A noticeable trend has emerged, especially within Asian countries, regarding the adoption and investment in cryptocurrency.
Recent reports highlight South Korea's latest move, as the country has significantly invested in a major US-based crypto company.
Here's a breakdown of the details:
South Korea's Investment in Coinbase Surpasses $5 Million According to recent information, the National Pension Service (NPS), South Korea's largest pension fund, has made a substantial investment in the US market.
In the third quarter of 2023, the Korean NPS allocated $20 million to purchase 282,673 shares of Coinbase, as disclosed in their filing with the US SEC.
Positive Returns on Investment for South Korea The NPS entered the market at approximately $70 per share and is currently experiencing around a 40% profit, with Coinbase shares rallying to about $96.92 per share at the time of writing.
This valuation places the NPS’ investment at over $25 million.
Crypto-Friendly Regulations in South Korea With assets exceeding $800 billion, the NPS stands as the third-largest pension fund globally.
Managing the retirement savings of millions of South Koreans, the recent investment in Coinbase signals the increasing acceptance of crypto among governmental and institutional investors.
This move by the NPS isn’t unique, as other pension funds have also ventured into the crypto space.
In 2019, Virginia invested around $35 million in VanEck’s New Finance Income Fund, which encompassed crypto-related companies such as Coinbase, Bakkt, and ErisX.
However, a setback hit the Fairfax County pension funds when one of their investments, Genesis, filed for bankruptcy in October 2023, triggering a wave of asset liquidation.
The Growing Global Trend of Crypto Adoption Despite the associated risks, institutional investors such as pension funds, hedge funds, and endowments continue to be drawn to the crypto industry.
A survey conducted by Fidelity Digital Assets revealed that 36% of institutional investors in the US and Europe own crypto or derivatives.
The survey also indicated that 80% of investors are attracted to crypto due to factors such as high potential returns, low correlation to other assets, and its innovative technology.
The NPS’s investment in Coinbase mirrors the expanding trend of institutional involvement in crypto. South Korea, alongside other Asian nations, is leading the way in embracing the crypto sector.
As more institutional investors enter the crypto space, the industry is poised to mature and expand further.
Disclaimer: While Voice of Crypto aims to provide accurate and current information, it cannot be held responsible for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets; therefore, it is advisable to conduct thorough research and make informed financial decisions.
#SouthKorea #crypto2023 #cryptocurrency

A closely followed crypto analyst believes that one low-cap altcoin that defied the market doldrums last week is not yet done rallying.

Pseudonymous analyst Altcoin Sherpa tells his 196,200 followers on the social media platform X that he’s keeping a close watch on the social network altcoin CyberConnect (CYBER).

The altcoin caught the attention of crypto traders as it rallied by more than 326% last week to an all-time high of $15.79 on September 1st.

While CyberConnect was in the midst of its explosion, Altcoin Sherpa warned that the coin was in a position to witness a deep corrective move, saying that traders should be on high alert as CYBER printed an all-time high.

“This current area is a place to watch out for… Everyone shorting like crazy and getting ran over, then you see a massive dump later on.”

Altcoin Sherpa

At time of writing, CYBER is trading for $7.32, down over 40% in the last 24 hours.

With the correction in play, Altcoin Sherpa predicts that CYBER will eventually regain its bullish momentum en route to printing a fresh all-time high. However, it’s unclear when Altcoin Sherpa expects CYBER to hit his target.

“But [it] wouldn’t surprise me at all to see this go to $17 eventually.”

A move toward the $17 level suggests an upside potential of over 132% from current prices for CYBER.

*Disclaimer:

This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.

#CYBER #crypto2023 #BinanceTournament $CYBER

March closed in a very bullish way. As you can see, by just one candle Bitcoin left the consolidation range where it was during the recent 8 months.

Moreover, that month's candle closed above all important MAs & EMAs.

The next stop for Bitcoin is $31,700 resistance. April promises to be bullish for the whole crypto market

#Binance #crypto2023 #BTC #BNB #dyor

@blockchain_oracle

With the rise of blockchain technology and the growing popularity of digital assets, two terms that have become increasingly common are "tokens" and "NFTs" (non-fungible tokens). While both are types of digital assets, they have distinct differences that are important to understand. In this article, we will explore the differences between tokens and NFTs, and what they are used for.

What are Tokens?

Tokens are digital assets that are created on a blockchain. They can represent a wide range of assets, such as cryptocurrency, loyalty points, or even real-world assets such as real estate. Tokens can be transferred from one user to another, just like any other digital asset, and they can also be used to represent ownership or access rights to other assets.

One important feature of tokens is that they are fungible. This means that each token is interchangeable with every other token of the same type and value. For example, if you have two #tokens that represent one unit of a particular cryptocurrency, you can swap one for the other without any difference in value.

Tokens can be created on various blockchain platforms such as Ethereum, Binance Smart Chain, and Solana. The creation and management of tokens are governed by smart contracts that run on the blockchain. These smart contracts can set rules and restrictions on the use of the tokens, such as limiting the number of tokens that can be minted or setting conditions for transferring them.

What are NFTs?

NFTs, or non-fungible tokens, are a type of digital asset that is unique and cannot be exchanged for something else of equal value. They are commonly used to represent digital art, music, and other forms of creative expression. Each NFT has a unique identifier, which makes it one-of-a-kind and impossible to replicate.

NFTs are created and managed in much the same way as tokens, using blockchain technology and smart contracts. However, unlike tokens, they are not interchangeable, and each one represents something unique. This uniqueness makes them particularly valuable for collectors and investors, who are willing to pay large sums of money for rare and valuable #NFTs

NFTs have gained significant attention in recent years, particularly in the art world, where they have been used to sell digital art for millions of dollars. They have also been used in other industries, such as gaming, where they can represent unique in-game items or characters.

Differences between Tokens and NFTs

While tokens and NFTs are both digital assets that use blockchain technology, they have several key differences:

Fungibility: As mentioned earlier, tokens are fungible, while NFTs are non-fungible. This means that each token is interchangeable with every other token of the same type and value, while each NFT is unique and cannot be exchanged for something else of equal value.

Use cases: Tokens can represent a wide range of assets, such as currency, loyalty points, or real estate. They can also be used to represent ownership or access rights to other assets. NFTs, on the other hand, are primarily used to represent unique digital assets, such as art or music.

Value: While tokens can have value, particularly in the case of cryptocurrency, their value is generally determined by market demand and supply. NFTs, on the other hand, are often valued based on their uniqueness and rarity, and can sell for millions of dollars.

Interoperability: Tokens are generally more interoperable than NFTs. This means that they can be used across different platforms and applications, while NFTs are typically tied to a specific platform or application.

Governance: The creation and management of tokens are governed by smart contracts that run on the blockchain. NFTs are also created and managed using smart contracts, but they may have different governance structures, depending on the specific application or platform.

Fractional Ownership: Tokens can be divided into smaller units, making it possible to own a fraction of an asset. This is not possible with NFTs, which represent a single, unique asset.

Use Cases for Tokens and NFTs

Tokens and NFTs have different use cases, which are primarily determined by their unique features.

Use cases for Tokens:

Currency: Tokens can be used as a digital currency, with the most popular example being cryptocurrency.

Loyalty Programs: Tokens can be used to represent loyalty points or rewards in a loyalty program.

Asset Ownership: Tokens can represent ownership or access rights to real-world assets, such as real estate or commodities.

Decentralized Applications: Tokens can be used as a means of exchange or governance within decentralized applications.

Use cases for NFTs:

Digital Art: NFTs are commonly used to represent digital art, providing a way for artists to monetize their work and for collectors to invest in rare and valuable pieces.

Music: NFTs can represent unique music tracks or albums, allowing artists to sell exclusive content directly to fans.

Gaming: NFTs can represent in-game items, characters, or even entire game worlds.

Collectibles: NFTs can represent unique collectibles, such as trading cards, providing a way for collectors to own rare and valuable items.

Final Words

Tokens and NFTs are both digital assets that use blockchain technology and smart contracts. However, they have distinct differences that make them suitable for different use cases. Tokens are fungible, and can represent a wide range of assets, while NFTs are non-fungible, and are primarily used to represent unique digital assets. Both tokens and NFTs have the potential to transform various industries, and as blockchain technology continues to evolve, we are likely to see new and innovative use cases emerge.

#crypto2023 #crypto #dyor