crypto2023

Michaël van de Poppe — CEO and founder of MN Trading — teaches three trading concepts that can be applied to low market cap cryptocurrencies , as a particular #altcoin shows “momentum” with a “massive breakout” on its price chart.

In a post made on September 8, a professional crypto trader explained that the “small-cap” coin made a strong #bullish  move , breaking out of past price resistance for a pump that reached three times the price (+200%).

#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!

Hey, it's CryptoPatel here!

I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.

If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.

Thank you for your support, and let's continue to stay connected for more exciting content!

LIKE

Share

Follow

#Fantom #feedfeverchallenge #FTM #TechnicalAnalysis #crypto2023

In the galaxy of token memes that have taken hold in recent months, among scam and non-scam projects, a bizarre token that caught my attention 2 months ago named HUNDRED stands out.

Hundred calls itself an " ANTI-PAPER HANDS " token, why?

When you buy HUNDRED it will automatically prevent you from selling for 100 hours.

For the creator of the token this is the only way to avoid speculation on the price of the token as happen for $PEPE or other meme tokens.

A major innovation could come with a market cap of $1m, currently at $483k.

The development team, states that should it reach that milestone, they would implement a staking section for all meme token holders.

New updates soon!

** NOT FINANCIAL ADVICE**

#Binance #BINANCEFEED #crypto2023 #MEMECOINS

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

In the realm of cryptocurrencies, a quiet giant is stirring, poised to awaken from its slumber. Cardano (ADA), the digital asset that has long captured the interest of crypto enthusiasts, is now showing promising signs from a technical analysis perspective. What's particularly intriguing is the unique journey Cardano is embarking upon during this cycle.
Before we delve into the specifics, it's crucial to take a step back and appreciate a significant milestone on the Cardano chart. What's happening right now carries substantial importance for the ADA community and crypto investors worldwide.
In this article, we'll break down the key technical indicators and exciting developments that are shaping Cardano's future. We'll explore the trajectory of ADA, from its recent chart analysis to its position within the broader market context. Along the way, we'll highlight the potential catalysts for Cardano's ascent and what the future might hold for this digital powerhouse.
A Pivot in Technical Analysis:
At this juncture, Cardano finds itself in a position that demands our attention. We observe a unique phenomenon on the ADA chart when considering historical data. A critical technical event is unfolding, and it centers around the interaction with the 50-day exponential moving average (EMA).
To understand its significance, let's revisit Cardano's previous market cycle. In a corresponding timeframe during the last cycle, Cardano's 50-day EMA was still trending downward. The digital asset only made its move towards the 50-day EMA after the Bitcoin halving event, which marked a pivotal moment for the entire cryptocurrency market.
Fast forward to the present, and the situation is remarkably different. Cardano has already crossed the 50-day EMA threshold, currently trading above 30 cents within a specific phase of the market cycle. This development, within a designated range known as the'red box,' marks a substantial shift from previous cycles and carries significant implications.
In our analysis, this transition holds immense importance for Cardano. It signifies the potential for an early upward trajectory that aligns with Cardano's broader strategy and market positioning. Understanding the nuances of this shift is crucial for investors seeking to capitalize on Cardano's resurgence.
Developer Activity: A Fundamental Driver
The technical aspects are only part of Cardano's compelling story. One of the fundamental strengths that often goes unnoticed is the robust developer activity on the Cardano platform. This ecosystem boasts a consistent and impressive track record of developer engagement, setting it apart as a frontrunner in the blockchain space.
As evidenced by recent data, Cardano continually leads the pack in terms of developer activity. This vibrant development community is a testament to the platform's commitment to innovation and its potential for driving lasting change in the crypto world. It's crucial to recognize that a strong developer community is a pivotal component for the long-term success of any blockchain project.
Furthermore, Cardano's foray into the decentralized finance (DeFi) sector is gaining momentum. The platform's total value locked (TVL) in DeFi applications is on a consistent upward trajectory. Notably, these achievements occur despite the crypto market not being in a full-fledged bull run, which further exemplifies the potential of Cardano in a more bullish market climate.
Chart Analysis and Future Prospects:
From a chart perspective, Cardano is not only tackling the 50-day EMA but also testing the 200-day moving average (MA), a significant hurdle. The 200-day MA currently stands around 30 to 31 cents. A successful breach of this resistance paves the way for Cardano to reach its next target of 45 cents.
Nonetheless, investors must remain cautious and consider possible retracements or consolidation phases, given the recent bullish moves. A prudent approach may involve observing the Relative Strength Index (RSI) and seeking opportunities for higher highs on both price and RSI before further growth.
The bigger picture points towards Cardano's transition to a bullish market cycle. While we're not in a full-blown bull market yet, Cardano's preparations and strategic positioning within the crypto landscape are evident. The platform is busy laying the foundation for the explosive growth seen in previous bull markets.
In conclusion, Cardano is undergoing a transformation that promises to reshape the cryptocurrency landscape. By recognizing the significance of this moment, understanding the role of developer activity, and remaining vigilant about chart analysis, investors can prepare for the exciting journey ahead. The quiet giant, Cardano, is waking up, and the ADA takeover is just beginning.
As you embark on your own crypto journey, remember that Cardano is a leading protagonist in shaping the future of cryptocurrencies. Whether you're a seasoned investor or a curious newcomer, the ADA community offers opportunities to participate in and witness this crypto revolution firsthand.
#cardano #Ada #crypto2023
When you tip, you become an active member and a part of our community dedicated to changing lives and the world through cryptocurrencies. Thank you for your contribution 🙂!

The latest buzz in the crypto world revolves around the newly introduced Bitcoin token standard (BRC-20), which has garnered considerable attention and favor owing to the recent memecoin craze. Despite the ongoing hype, the token standard is still subject to certain constraints concerning the broader crypto landscape.

A recent report by leading crypto exchange Bitfinex has emphasized the token standard’s potential and the significance of identifying more use cases to expedite its widespread adoption.

The BRC-20 Token Standard

In March, the BRC-20 token standard, known as “Bitcoin Request for Comment,” was established utilizing the Ordinals protocol. Originally designed to facilitate the creation of Bitcoin non-fungible tokens (NFTs) by inscribing data such as images, videos, codes, and text into the witness portion of BTC transactions, the protocol has evolved to allow for the distinctive transfer of fungible tokens on the blockchain.

According to data from brc-20.io, the market capitalization of BRC-20 tokens had exceeded $900 million at one point, with more than 14,400 tokens issued. However, the market has declined to approximately $542 million at the time of writing.

Since the introduction of Bitcoin-based fungible assets, transactions on the network have surged, with BRC-20 Ordinals transactions surpassing non-BRC-20 transactions by over four million, according to data from Dune Analytics.

Some of the most in-demand BRC-20 tokens include ORDI, NALS, PIZA, PEPE, and MEME.

Limitations of the Network

Despite showcasing the potential of the Ordinals protocol, the new token standard faces limitations that could impede its growth and advancement.

One significant drawback is the lack of use cases, which could hinder development. Additionally, the BRC-20 network doesn’t support smart contracts, and assets’ prices depend mainly on market speculation. This, coupled with their 24-hour trading volume being less than 30% of their market cap, as evident in the case of ORDI, makes predicting their future challenging.

Another limitation is the absence of Ethereum Virtual Machine (EVM) compatibility, restricting developers’ access to network resources and building capabilities. This could limit adoption and result in a narrow ecosystem.

Furthermore, BRC-20 tokens consume significant block space, which could lead to network congestion and higher transaction fees.

Despite these limitations, Bitcoin’s proof-of-work (PoW) consensus mechanism makes it difficult for hackers to breach the network, making the blockchain’s security robust.

#feedfeverchallenge #crypto2023 #BRC20