ETH Daily Technical Outlook:
$ETH closed green but it still closed indecisively. We need a further bullish and healthier candle to get an upside rally towards $2,050. I’ll carefully monitor the price action on the intraday chart to get another quick scalp.
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$ETH closed green but it still closed indecisively. We need a further bullish and healthier candle to get an upside rally towards $2,050. I’ll carefully monitor the price action on the intraday chart to get another quick scalp.
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62% of Funded Blockchain and Web3 Companies Attract Fewer Than 100 Monthly Organic Visitors
tldr; 62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
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tldr; 62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
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Wild Bitcoin, Ether Price Swings Spur $400M of Crypto Liquidations, the Most Since August
tldr; The article discusses the recent wild price swings in Bitcoin and Ethereum, which resulted in over $400 million of open trades being liquidated. This is the highest amount of liquidations since the crash in August. The price swings occurred as Bitcoin surpassed $37,000 and Ethereum reached above $2,000, fueled by optimism over ETFs and institutional interest in cryptocurrencies. The volatile period led to a significant wipeout of leveraged positions, with $241 million of short positions and $200 million of long positions being liquidated. This marked the largest amount of liquidations in a day since August. Open interest for crypto derivatives also decreased as traders closed their leveraged positions.
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tldr; The article discusses the recent wild price swings in Bitcoin and Ethereum, which resulted in over $400 million of open trades being liquidated. This is the highest amount of liquidations since the crash in August. The price swings occurred as Bitcoin surpassed $37,000 and Ethereum reached above $2,000, fueled by optimism over ETFs and institutional interest in cryptocurrencies. The volatile period led to a significant wipeout of leveraged positions, with $241 million of short positions and $200 million of long positions being liquidated. This marked the largest amount of liquidations in a day since August. Open interest for crypto derivatives also decreased as traders closed their leveraged positions.
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XRP Daily Technical Outlook:
$XRP closed bearish and it can move in either direction depending on Bitcoin and XRPBTC. My focus will be on the intraday chart tomorrow to get another quick scalp.
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$XRP closed bearish and it can move in either direction depending on Bitcoin and XRPBTC. My focus will be on the intraday chart tomorrow to get another quick scalp.
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LTC Daily Technical Outlook:
$LTC closed indecisively and we should expect a reversal soon unless Bitcoin turns totally bearish. I’ll look for the next scalp setup based on the intraday chart volatility.
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$LTC closed indecisively and we should expect a reversal soon unless Bitcoin turns totally bearish. I’ll look for the next scalp setup based on the intraday chart volatility.
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BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently; BTC and ETH Spot ETFs Imminent and Inevitable
tldr; BlackRock argues that the U.S. Securities and Exchange Commission (SEC) has no legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund (ETF) applications differently. The SEC has approved several crypto futures ETFs but has yet to approve a spot-crypto ETF. BlackRock asserts that the SEC's preference for the 1940 Act over the 1933 Act lacks relevance in this area and that the agency has no justifiable reason to reject their spot-Ether ETF application. Analysts predict that the first SEC approval of a spot crypto ETF is likely to happen soon.
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tldr; BlackRock argues that the U.S. Securities and Exchange Commission (SEC) has no legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund (ETF) applications differently. The SEC has approved several crypto futures ETFs but has yet to approve a spot-crypto ETF. BlackRock asserts that the SEC's preference for the 1940 Act over the 1933 Act lacks relevance in this area and that the agency has no justifiable reason to reject their spot-Ether ETF application. Analysts predict that the first SEC approval of a spot crypto ETF is likely to happen soon.
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ETH set to be worth $5.8k by 2025: Finder’s latest Ethereum Predictions Report - Modern Diplomacy
tldr; According to Finder's latest Ethereum Price Predictions Report, a panel of cryptocurrency and fintech specialists predict that the price of ether (ETH) will remain around $1.8k for the rest of 2023. However, by the end of 2025, the panel expects the price of ETH to jump to $5.8k. Some experts have even higher predictions, with one suggesting a price of $7.5k by 2025. The rising popularity of DeFi and the launch of ether futures funds are cited as factors contributing to the potential growth of ETH. Additionally, there is speculation that ETH's market cap may eventually surpass that of Bitcoin (BTC). Overall, 48% of the panel believe it is a good time to hold ETH, 41% to buy, and 10% to sell.
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tldr; According to Finder's latest Ethereum Price Predictions Report, a panel of cryptocurrency and fintech specialists predict that the price of ether (ETH) will remain around $1.8k for the rest of 2023. However, by the end of 2025, the panel expects the price of ETH to jump to $5.8k. Some experts have even higher predictions, with one suggesting a price of $7.5k by 2025. The rising popularity of DeFi and the launch of ether futures funds are cited as factors contributing to the potential growth of ETH. Additionally, there is speculation that ETH's market cap may eventually surpass that of Bitcoin (BTC). Overall, 48% of the panel believe it is a good time to hold ETH, 41% to buy, and 10% to sell.
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LTC Daily Technical Outlook:
$LTC closed with an indecisive candle and is trading above the $68.00 support. I expect a further upside move from here unless Bitcoin dumps. I’ll look for the next scalp based on the intraday chart.
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$LTC closed with an indecisive candle and is trading above the $68.00 support. I expect a further upside move from here unless Bitcoin dumps. I’ll look for the next scalp based on the intraday chart.
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ETH Daily Technical Outlook:
$ETH closed slightly bearish but is still trading above the resistance target, we should see a more bullish outcome from here led by both Bitcoin and ETHBTC. I’ll carefully monitor the price action from the intraday chart.
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$ETH closed slightly bearish but is still trading above the resistance target, we should see a more bullish outcome from here led by both Bitcoin and ETHBTC. I’ll carefully monitor the price action from the intraday chart.
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I analyzed 6,734 companies in the blockchain ecosystem and discovered that 62% of the companies that raised funds get under 100 organic monthly site visitors. This reveals a trend in the industry where companies focus more on short-lived hype rather than building solid foundations
62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
Share ➡️ @CryptoChartAlerts
62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
Share ➡️ @CryptoChartAlerts
Sushi marks a new milestone in decentralized exchange with Filecoin integration
tldr; Sushi, a leading decentralized exchange, has integrated with Filecoin, becoming the first DEX to operate on this decentralized storage network. The integration includes advanced features like Sushi’s automated market makers and the SushiXSwap cross-chain swap feature, enhancing trading and liquidity provision. This collaboration marks a significant advancement in decentralized finance, improving accessibility and user experience in digital asset management.
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tldr; Sushi, a leading decentralized exchange, has integrated with Filecoin, becoming the first DEX to operate on this decentralized storage network. The integration includes advanced features like Sushi’s automated market makers and the SushiXSwap cross-chain swap feature, enhancing trading and liquidity provision. This collaboration marks a significant advancement in decentralized finance, improving accessibility and user experience in digital asset management.
Share ➡️ @CryptoChartAlerts
$DOT/USDT ANALYSIS
DOT experienced a significant pump following the breakout from the falling wedge. Moreover, it successfully breached the Ichimoku cloud, and presently, it is surpassing both the MA 200 and the key support/resistance level with substantial trading volume.
The ongoing upward momentum is anticipated to persist as long as it maintains trading above the horizontal support.
DOT experienced a significant pump following the breakout from the falling wedge. Moreover, it successfully breached the Ichimoku cloud, and presently, it is surpassing both the MA 200 and the key support/resistance level with substantial trading volume.
The ongoing upward momentum is anticipated to persist as long as it maintains trading above the horizontal support.
$SXPUSDT 1D
UPDATE
Sxp is still moving as planned.
Slowly gave us more than 50% profit. Change your StopLoss and bring it higher to risk free your position.
$SXPUSDT 4H
UPDATE
As we expected in the previous analysis, SXP has sky rocketed to our first Target Zone.
+31% profit so far and reached the first Resistance Zone
You can take some profit here and let the rest of your position to grow.
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UPDATE
Sxp is still moving as planned.
Slowly gave us more than 50% profit. Change your StopLoss and bring it higher to risk free your position.
$SXPUSDT 4H
UPDATE
As we expected in the previous analysis, SXP has sky rocketed to our first Target Zone.
+31% profit so far and reached the first Resistance Zone
You can take some profit here and let the rest of your position to grow.
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$SOLUSDT 1D
UPDATE
Sol after this nice Bullrun, has reached the important Decision Zone.
We won't recommend buying here. Wait for proper pullback to buy this coin for possible higher targets.
$SOLUSDT 1D
UPDATE
Sol has reached the Target zone and we are definitely in the last 25% of this up move with more than 38% profit.
We are taking profit as price goes further.
UPDATE
Sol after this nice Bullrun, has reached the important Decision Zone.
We won't recommend buying here. Wait for proper pullback to buy this coin for possible higher targets.
$SOLUSDT 1D
UPDATE
Sol has reached the Target zone and we are definitely in the last 25% of this up move with more than 38% profit.
We are taking profit as price goes further.
$FTMUSDT 1D
UPDATE
Let our profit run.
We told you in the previous analysis that we are probably going for the second target so do not Take profit on the First one.
Already 87% up.
$FTMUSDT 1D
UPDATE
Fantom is going perfect.
More than 50% spot profit and now it's shaping the real Formation.
As you see, I expect the Second target mentioned in the first update be touched and that's where we will Take profit. Right now holding most of our volume.
UPDATE
Let our profit run.
We told you in the previous analysis that we are probably going for the second target so do not Take profit on the First one.
Already 87% up.
$FTMUSDT 1D
UPDATE
Fantom is going perfect.
More than 50% spot profit and now it's shaping the real Formation.
As you see, I expect the Second target mentioned in the first update be touched and that's where we will Take profit. Right now holding most of our volume.