Coinpedia Fintech News https://coinpedia.org/ All about cryptocurrency and Blockchain Mon, 09 Sep 2024 10:42:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://image.coinpedia.org/wp-content/uploads/2022/08/13195209/cropped-icon-logo-32x32.png Coinpedia Fintech News https://coinpedia.org/ 32 32 Binance-Backed Tokocrypto Secures PFAK License, Elevating Indonesia’s Crypto Market https://coinpedia.org/news/binance-backed-tokocrypto-secures-pfak-license-elevating-indonesias-crypto-market/ Mon, 09 Sep 2024 10:42:03 +0000 https://coinpedia.org/?p=348560

The post Binance-Backed Tokocrypto Secures PFAK License, Elevating Indonesia’s Crypto Market appeared first on Coinpedia Fintech News

Exciting news from Indonesia’s crypto scene—Tokocrypto, a subsidiary of Binance, has secured a coveted Physical Crypto Asset Dealer (PFAK) license, marking a major milestone for the company and the country’s growing crypto industry. This makes Tokocrypto the third exchange in Indonesia to achieve this authorization level, boosting its credibility and influence. Following the news, Toko …

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The post Binance-Backed Tokocrypto Secures PFAK License, Elevating Indonesia’s Crypto Market appeared first on Coinpedia Fintech News

Exciting news from Indonesia’s crypto scene—Tokocrypto, a subsidiary of Binance, has secured a coveted Physical Crypto Asset Dealer (PFAK) license, marking a major milestone for the company and the country’s growing crypto industry. This makes Tokocrypto the third exchange in Indonesia to achieve this authorization level, boosting its credibility and influence. Following the news, Toko Token is up by 12.68% in 24 hours with 169.20M circulation.

Full Authorization Achieved

Tokocrypto’s journey started in 2019 when it first registered as a Prospective Physical Crypto Asset Trader (CPFAK). Now, with the PFAK license, the company is fully authorized to trade physical crypto assets in Indonesia, setting a new benchmark for operational legitimacy. 

Richard Teng, CEO of Binance, congratulated Tokocrypto on this achievement, emphasizing Binance’s commitment to enhancing Indonesia’s Web3 landscape. Teng highlighted that Binance’s backing has been crucial in fostering a secure and transparent trading environment in the region.

Moreover, he also added that Indonesia has 35 possible Bappebti crypto exchanges, and the recent achievement is part of the mission to develop a stable crypto space in Indonesia by delivering the finest customer service.

What to Expect with a PFAK License?

Tokocrypto’s growth has been remarkable. In 2024 alone, its user base surged to over 4.5 million, with a 138% increase in monthly trading volume. Yudhono Rawis, CEO of Tokocrypto, emphasized that the PFAK license is a critical step toward solidifying the company’s position as Indonesia’s leading crypto platform. He credited Binance’s continued support as a major contributor to their success. With this new license, Tokocrypto is poised to further expand its market influence and maintain its rapid growth in Indonesia’s crypto sector.

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Dogecoin (DOGE) Price Poised for Bullish Breakout as Memecoin Mania Hits New Peaks https://coinpedia.org/price-analysis/dogecoin-doge-price-poised-for-bullish-breakout-as-memecoin-mania-hits-new-peaks/ Mon, 09 Sep 2024 10:32:20 +0000 https://coinpedia.org/?p=348543

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The notable emergence of meme coin mania in several chains—led by Tron (TRX), BSC, and Toncoin (TON) networks—is a staunch reminder that Dogecoin (DOGE) ‘s bullish breakout is on the horizon. As the top meme coin project, backed by a strong online community of more than 7.4 million holders and secured through the legendary Proof-of-Work …

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The post Dogecoin (DOGE) Price Poised for Bullish Breakout as Memecoin Mania Hits New Peaks appeared first on Coinpedia Fintech News

The notable emergence of meme coin mania in several chains—led by Tron (TRX), BSC, and Toncoin (TON) networks—is a staunch reminder that Dogecoin (DOGE) ‘s bullish breakout is on the horizon. As the top meme coin project, backed by a strong online community of more than 7.4 million holders and secured through the legendary Proof-of-Work (PoW) consensus method, it is safe to assume a fresh bull run will eventually happen in the near term. 

The large-cap meme coin, with a fully diluted valuation of about $14.3 billion and a daily average traded volume of around $525 million, has gained around 2.3 percent in the past 24 hours to trade about $0.098, as Bitcoin price rebounded above $55k on Monday. 

However, today’s rebound is a drop in the desert as the meme lord has dropped over 55 percent in the past five months, amid low demand for crypto assets. 

Short-term Bullish Sentiment for Dogecoin

From a technical standpoint, Dogecoin’s price has been forming a macro falling wedge in the past five months, which is most likely to result in a major bullish uproar in the coming months. Moreover, the meme lord has formed a fractal pattern similar to the previous macro bullish parabolic breakout.

According to popular crypto analyst Ali Martinez, the $DOGE price will immediately rally towards $0.15 if it consistently closes above 10 cents in the near term.

Fundamental Aspects

Dogecoin network has one of the strongest online communities led by tech billionaire Elon Musk. The PoW-secured altcoin, with a total hash rate of about 1.17 PH/s, recently reached a major milestone of over 348 million transaction counts. 

The Dogecoin community is eagerly awaiting the final integration of the Dogecoin and X platform after the launch of X payments. Musk has already reiterated several times that Doge will remain the favored crypto project.

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Best Crypto Coins To Buy Now for the Next Bull Run: Experts Are Highly Bullish on These (returns exceeding 100x) https://coinpedia.org/sponsored/expert-bullish-on-5thscape-luckhunter-and-crypto-coins/ Mon, 09 Sep 2024 10:28:34 +0000 https://coinpedia.org/?p=348508

The post Best Crypto Coins To Buy Now for the Next Bull Run: Experts Are Highly Bullish on These (returns exceeding 100x) appeared first on Coinpedia Fintech News

With the crypto market poised for its next big leap, seasoned investors and newcomers alike are gearing up to capitalize on the upcoming bull run. The key to success in this volatile market is identifying the right coins before they explode. From revolutionary gaming ecosystems to scalable blockchain solutions, these projects offer unique value propositions …

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The post Best Crypto Coins To Buy Now for the Next Bull Run: Experts Are Highly Bullish on These (returns exceeding 100x) appeared first on Coinpedia Fintech News

With the crypto market poised for its next big leap, seasoned investors and newcomers alike are gearing up to capitalize on the upcoming bull run. The key to success in this volatile market is identifying the right coins before they explode. From revolutionary gaming ecosystems to scalable blockchain solutions, these projects offer unique value propositions that set them apart.

Experienced traders and newcomers can position themselves advantageously by exploring these carefully selected best crypto coins to buy now for the impending bull market. Dive into a curated list of the most promising digital assets that combine cutting-edge technology, strong community support, and potential for exponential growth.

Top 5 Crypto Coins Set to Dominate the Next Bull Run

The following best crypto coins to buy now have caught the eye of bullish investors, each offering unique features and growth potential:

  1. LuckHunter (LHUNT)
  2. 5thScape (5SCAPE)
  3. BlockDag (BDAG)
  4. MoonBag (MBAG)
  5. Pepe Unchained (PEPU)

Let’s delve deeper into what makes these best crypto coins stand out. 

1. LuckHunter (LHUNT)

Why LuckHunter?

LuckHunter is a gamified platform where players can earn cryptocurrency through unique games and challenges. This play-to-earn (P2E) model has garnered attention for its ability to blend entertainment with financial incentives, making it an attractive choice for gamers and crypto enthusiasts alike.

The LHUNT token is central to this ecosystem, allowing users to unlock special game features, participate in tournaments, and stake their earnings for higher rewards. The project is also committed to regulatory compliance and security, ensuring a safe and transparent platform for its growing user base.

luckhunter

Click here to visit LuckHunter presale page >>

Bullish Case for LuckHunter:
As P2E continues gaining traction in crypto, LuckHunter is uniquely positioned to capitalize on the trend. With a well-planned roadmap, an enthusiastic community, and ongoing developments, LHUNT is expected to see significant appreciation during the next bull run.

2. 5thScape (5SCAPE)

Why 5thScape?

5thScape is generating serious buzz in the crypto and gaming world with its revolutionary approach to augmented reality (AR) and virtual reality (VR). The project is setting a new standard for immersive gaming by integrating AR and VR technologies into a single, cohesive ecosystem. Whether you’re battling in an epic VR arena or watching fantastical creatures in your living room via AR glasses, 5thScape offers an unrivalled experience.

5thscape

Visit 5thScape website to know more >>

The 5SCAPE token powers this expansive ecosystem, providing players with access to games, educational content, and exclusive events. Beyond gaming, token holders benefit from discounts on 5thScape products, participate in loyalty programs, and earn rewards through staking and voting. With the presale raising over $7 million and its growing community, 5thScape is well-positioned to be a frontrunner in the next bull run.

Bullish Case for 5thScape:

The project’s integration of cutting-edge VR technology, impressive presale success, and ambitious roadmap make it a top pick. Early investors could see massive gains with a token listing planned for Q3 2024 and VR game trailers creating hype. If the $0.01 token price target for 2024 materializes, the potential for exponential growth is immense.

3. BlockDag (BDAG)

Why BlockDag?

BlockDag stands out in the crowded blockchain space by addressing scalability issues that plague many networks. Using Directed Acyclic Graph (DAG) technology, BlockDag enables fast and efficient transactions without sacrificing security. This makes it a promising option for real-world applications such as DeFi, NFTs, and cross-border payments.

The BDAG token powers the BlockDag network, with holders benefiting from stake opportunities and governance roles. 

Bullish Case for BlockDag:

As blockchain networks face increasing pressure to scale, projects like BlockDag, which offers scalable solutions, will likely see massive growth. The potential use cases across various sectors make BDAG a must-watch crypto for the next bull run.

4. MoonBag (MBAG)

Why MoonBag?

MoonBag is designed for investors looking for a long-term hold with explosive potential. The project aims to create a decentralized platform that offers a unique mix of DeFi services, including yield farming, staking, and governance participation. MoonBag is tailored to reward its holders, providing opportunities for earning passive income while participating in the project’s governance.

With its community-driven approach, MoonBag is attracting a dedicated following. The MBAG token has built-in deflationary mechanisms, which are expected to increase scarcity and, in turn, drive up the token’s value.

Bullish Case for MoonBag:

MoonBag’s combination of DeFi functionality and strong community backing makes it a prime candidate for significant growth in the next bull market. Its deflationary design and the opportunity for passive income make it appealing to both short-term traders and long-term investors.

5. Pepe Unchained (PEPU)

Why Pepe Unchained?

Pepe Unchained taps into the viral meme coin culture while offering real-world utility, making it more than a fleeting trend. The project is built around the popular Pepe meme, but it distinguishes itself by creating an ecosystem where users can trade, stake, and participate in decentralized finance activities.

What makes Pepe Unchained intriguing is its ability to bridge the gap between entertainment and utility. While many meme coins fade after their initial hype, PEPU has continued to grow, gaining traction as more features and DeFi functionalities are introduced to the platform.

Bullish Case for Pepe Unchained:
Investors looking for high-risk, high-reward opportunities will find PEPU enticing. Meme coins can explode in value during a bull run, and Pepe Unchained’s mix of meme culture and DeFi features gives it staying power beyond the hype cycle.

Conclusion

As the crypto market gears up for its next explosive phase, investors have a unique opportunity to capitalize on groundbreaking projects like 5thScape and LuckHunter. 5thScape’s innovative fusion of AR and VR technologies in gaming and its successful presale and ambitious roadmap position it as a frontrunner for exponential growth. Meanwhile, LuckHunter’s gamified platform offers an enticing blend of entertainment and financial incentives, tapping into the burgeoning play-to-earn market. By diversifying across these promising assets, investors can reap significant rewards as the market gains momentum. 

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XRP Lawsuit News: SEC’s Surprising Decision Leaves Ripple Unshaken https://coinpedia.org/news/xrp-lawsuit-news-secs-surprising-decision-leaves-ripple-unshaken/ Mon, 09 Sep 2024 10:19:24 +0000 https://coinpedia.org/?p=348492

The post XRP Lawsuit News: SEC’s Surprising Decision Leaves Ripple Unshaken appeared first on Coinpedia Fintech News

Legal expert Bill Morgan recently shared insights on the SEC vs. Ripple appeal on X, addressing growing concerns among XRP holders. Morgan’s analysis suggested that while certain legal observations, like obiter dictum (comments not central to the ruling), might come up during the appeal, XRP’s core status as a non-security remains largely unchallenged. With just …

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The post XRP Lawsuit News: SEC’s Surprising Decision Leaves Ripple Unshaken appeared first on Coinpedia Fintech News

Legal expert Bill Morgan recently shared insights on the SEC vs. Ripple appeal on X, addressing growing concerns among XRP holders. Morgan’s analysis suggested that while certain legal observations, like obiter dictum (comments not central to the ruling), might come up during the appeal, XRP’s core status as a non-security remains largely unchallenged.

With just 28 days remaining for a re-appeal window to close, both sides are now eyeing their next move in what could be a game-changing showdown!

SEC Unlikely to Tackle XRP’s Security Status

Morgan in his X post, emphasized that the SEC has already indicated it is not aiming to challenge the ruling that XRP itself is not a security. This was confirmed when the SEC filed for permission to appeal, making it clear that XRP’s classification won’t be up for debate. His comments reassured XRP holders that while legal nuances may be revisited during an appeal, the core judgment that XRP is not a security should stand firm.

Drawing on his knowledge of Australian law, Morgan noted that although obiter dictum could be re-examined if the core reasoning behind the ruling (ratio decidendi) is contested, this doesn’t necessarily mean XRP’s status would be at risk. He speculated that U.S. law might approach this issue similarly but left room for technical interpretation depending on the appellate court’s stance. 

Marc Fagel Backs Morgan’s Analysis

Marc Fagel, a legal expert and former SEC Regional Director, joined the discussion by agreeing with Morgan’s analysis. He mentioned that while the SEC could attempt to appeal this aspect of the ruling, it might not be a significant part of their strategy.

Fagel clarified that while the SEC has remained vague in several similar cases, it’s unlikely that the Second Circuit Court of Appeals would address XRP’s non-security status directly. He pointed out that even though the SEC has room to push for a broader appeal, it doesn’t necessarily mean that the court will take up that specific question. 

However, Fagel and Morgan agreed that while legal technicalities can be discussed, the Second Circuit is unlikely to directly address XRP’s classification.

XRP Holders Breathe Easier

In short, the chances of XRP’s security status being overturned remain low. While the appeal could explore certain legal loopholes, the heart of the matter seems to stay intact, with XRP’s non-security status standing strong despite ongoing litigation.

The cryptocurrency world watches with bated breath as the clock ticks down on the appeal window. What will happen next?

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Altcoin Season Boom: Are We on the Verge of a 2017-Style Altcoin Rally? https://coinpedia.org/news/altcoin-season-boom-are-we-on-the-verge-of-a-2017-style-altcoin-rally/ Mon, 09 Sep 2024 10:13:48 +0000 https://coinpedia.org/?p=348510

The post Altcoin Season Boom: Are We on the Verge of a 2017-Style Altcoin Rally? appeared first on Coinpedia Fintech News

Experts who are monitoring altcoin every movement are scratching their heads about the start of the altcoin season. Normally, these seasons kick off a few months after Bitcoin’s halving, but this time, there’s a huge delay. According to renowned crypto analyst Moustache, the current altcoin chart mirrors the patterns seen in 2016 and 2017.  The …

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The post Altcoin Season Boom: Are We on the Verge of a 2017-Style Altcoin Rally? appeared first on Coinpedia Fintech News

Experts who are monitoring altcoin every movement are scratching their heads about the start of the altcoin season. Normally, these seasons kick off a few months after Bitcoin’s halving, but this time, there’s a huge delay. According to renowned crypto analyst Moustache, the current altcoin chart mirrors the patterns seen in 2016 and 2017. 

The big question now is: Could we be on the brink of another explosive rally like we saw back then? Let’s Find Out.

2017 Altcoin Surge Repeating Soon?

Moustache’s latest analysis suggests that the current altcoin market might be mirroring the conditions seen before the 2017 bull run, a period known for a massive surge. Back then, the altcoin market cap skyrocketed from around $240 million to nearly $85 billion. 

Fast forward to today, the altcoin market cap sitting at approximately $827 billion, a similar rally could see it climb to between $1.8 trillion and $2.2 trillion. 

Furthermore, Moustache highlights a crucial indicator to watch, i.e. the Relative Strength Index (RSI) on the 3-week chart. Right now, the RSI is in a downtrend. However, he believes that if the RSI breaks through this downtrend, it could signal a major rally for altcoins, this could mean exciting times for the altcoin.

Time For Altcoin To Shine

Renowned crypto analyst Michael van de Poppe has highlighted a promising signal for altcoins. He observed a potential bullish divergence on the Others/BTC chart, which could indicate a significant upward movement for altcoins compared to Bitcoin.

A bullish divergence happens when an asset’s price hits a new low, but an indicator like the Relative Strength Index (RSI) does not follow, suggesting that selling pressure might be easing.

Van de Poppe notes that this divergence shows the bottoming process for altcoins might be complete. This suggests that after a period of decline, altcoins could be ready for a price increase. 

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Bitcoin Price Analysis: Will BTC Bounce Back After This Shocking Drop? https://coinpedia.org/news/bitcoin-price-analysis-will-btc-bounce-back-after-this-shocking-drop/ Mon, 09 Sep 2024 10:04:44 +0000 https://coinpedia.org/?p=348486

The post Bitcoin Price Analysis: Will BTC Bounce Back After This Shocking Drop? appeared first on Coinpedia Fintech News

All eyes are on Bitcoin at this juncture. Recently, many predicted that September would be a great month for Bitcoin and it might see a bullish trend during the month. But, so far, we have seen nothing exciting in the Bitcoin chart. On September 6, it even plummeted to a low of $53,994.12, raising questions …

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The post Bitcoin Price Analysis: Will BTC Bounce Back After This Shocking Drop? appeared first on Coinpedia Fintech News

All eyes are on Bitcoin at this juncture. Recently, many predicted that September would be a great month for Bitcoin and it might see a bullish trend during the month. But, so far, we have seen nothing exciting in the Bitcoin chart. On September 6, it even plummeted to a low of $53,994.12, raising questions about the reliability of the forecasts made regarding the asset’s potential September uptrend. Meanwhile, a recent post made in X by Jelle indicates that we don’t have to completely lose hope about the predicted Bitcoin bullish momentum. Why? Read on! 

Will Bitcoin Mirror 2023’s Performance?

In his X post, Jelle observed that Bitcoin experienced price swings near its recent lows. He also pointed out the tendency of the asset to hover around its 200-day moving average level. His observation revealed the prevailing volatility in the Bitcoin market. Interestingly, Jelle noted that the market experienced a similar situation in 2023. He predicted that the next major move in the Bitcoin market might be bullish in nature. 

Bitcoin Price Analysis: An General Overview 

At the start of the month, the BTC price was around $58,982.54. Though on the same day, by the close, it had fallen to around $57,334.58, the next day, buyers pushed the price very close to $60,000, but could not break the mark. Later, the price suffered a fall. In just a couple of days time, it reached a low of $53,994.12, on September 6. In recent days, buyers have been showing more strength. They are slowly pushing the price up. Now the price stands at $54,967. The current price is far below the 200-day moving average of $63,874.59. On no day this month has the price touched this level, The last time the price broke above this line was on August 23, when the price closed at $64,060.04. However, on August 26, the price slipped below the level when the market closed at $62,902.01.  

In conclusion, considering Jelle’s arguments, there are chances that the Bitcoin market will meet a bullish momentum soon. But it is premature to reach a conclusion before we see a strong signal in the chart. Unfortunately, the one-day chart of Bitcoin still appears very dull.

Read Also: September’s Key Events Which Will Review Struggling Crypto Market

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Top AI Cryptos To Buy This Week As Apple Pushes iPhone 16 AI Features!  https://coinpedia.org/price-analysis/top-ai-cryptos-to-buy-this-week-as-apple-pushes-iphone-16-ai-features/ Mon, 09 Sep 2024 09:38:17 +0000 https://coinpedia.org/?p=348467

The post Top AI Cryptos To Buy This Week As Apple Pushes iPhone 16 AI Features!  appeared first on Coinpedia Fintech News

With increased volatility in the broader market, the AI segment feels the heat, and the market segment fluctuates between $25 and $28 billion. At press time, it stands at $26.26 billion with a volume of $890.10 million with a recovery in the top AI cryptos.  Coinmarketcap Amid the AI segment, the top performers are BitTensor, …

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The post Top AI Cryptos To Buy This Week As Apple Pushes iPhone 16 AI Features!  appeared first on Coinpedia Fintech News

With increased volatility in the broader market, the AI segment feels the heat, and the market segment fluctuates between $25 and $28 billion. At press time, it stands at $26.26 billion with a volume of $890.10 million with a recovery in the top AI cryptos. 

Top AI Tokens Performance

Coinmarketcap

Amid the AI segment, the top performers are BitTensor, DeGraph, Near, and Akash Network, with 5.75%, 2.75%, 2.20%, and 3.09% growth. Furthermore, DEXE and Fetch.ai have growth rates of 4.23% and 3.57% respectively. As the segment grows, the upcoming launch of the new Apple-series phone, iPhone 16, brings new AI features. 

In recent times, the launch of new AI technologies by huge companies has been known to boost AI crypto prices. Furthermore, with one of the top three companies in the world, Apple, including ChatGPT with Siri, is likely to boost the top AI crypto tokens. 

So, without further ado, let’s take a look at the top AI tokens to buy this week.

Top AI Cryptos To Buy This Week

Bittensor (TAO)

With a market cap of $1.874 billion, the TAO Price trades at $254. With a 24-hour surge of 6.08%, the AI token ranks at 48th position in the crypto world and as the 5th biggest AI token. Currently, the TAO AI token trades within a solid range, extending from $213 to a peak of $355. 

TAO TOken Price Chart

Tradingview

Following the recent bear cycle, the TAO token price action reveals a rounding bottom reversal. The bear cycle in the AI crypto accounted for a 33.98% drop within 11 days. 

However, with a triple white-soldier pattern, the TAO token has recovered 10.02% and is ready to challenge the 23.60% Fibonacci at $268. Further, the bullish divergence in the RSI line teases a potential jump to challenge the 50-day EMA at $284. 

As the potential AI-specific bull run begins with the launch of the iPhone 16, the TAO token could challenge the long-coming resistance at $358, known for three previous bearish reversals. For insights on long-term price targets, read our Bittensor (TAO) Price Prediction.

NEAR Protocol (NEAR)

With a market cap of $4.35 billion, the NEAR price trades at $3.88 with a 24-hour surge of 3.61%. NEAR Protocol ranks as the biggest AI token in its segment and ranks at 28th position in the broader crypto market. 

NEAR AI Token Price Chart

Tradingview

With a recent bearish reversal from the 200-day EMA, the AI token registered a 30% drop within 13 days. However, after recovering over the weekend and having a positive start to this week, the AI crypto jumps 9.43%. Further, it teases a potential double-bottom reversal. 

Starting from the $3.52 baseline, the double-bottom reversal supports a bullish divergence in the daily RSI line. 

However, the bearish crossover between the 50 and 200-day EMA marks a death cross event, reflecting a high overhead supply. Nevertheless, the recovery run is expected to challenge the $4.395 resistance zone before reaching the 23.60% Fibonacci level at $4.782.

Final Top AI Crypto: Artificial Superintelligence Alliance (FET)

As the third biggest AI crypto in the market, Artificial Superintelligence Alliance has a market cap of $2.91 billion and has increased by 7.15% in the past 24 hours. Currently, the FET token trades at $1.16, with a trading volume of $133 million in the past 24 hours.

FET price chart

Tradingview

In the daily chart, the FET token reveals a falling channel pattern with a death cross event in mid-July. However, despite a minor correction, the recent bullish recovery in the top AI crypto challenges the overhead resistance trendline. 

Following the 3.39% jump on Sunday, the bullish recovery is challenging the 23.60% Fibonacci level and the overhead trendline for a bullish breakout. A breakout event could result in a massive surge in the FET price and surpass the 200-day EMA at $1.37 to reclaim the $2 mark. 

Curious about how far the FET price could reach in the future? Read our FET Price Prediction for details!

Hence, with the upcoming launch of the iPhone 16, the underlying sentiments of the top AI crypto projects are turning bullish.

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Bitcoin’s Big Risk: Bloomberg Expert Warns How Reversion Could Shake Your Investments! https://coinpedia.org/news/bitcoins-big-risk-bloomberg-expert-warns-how-reversion-could-shake-your-investments/ Mon, 09 Sep 2024 09:17:40 +0000 https://coinpedia.org/?p=348462

The post Bitcoin’s Big Risk: Bloomberg Expert Warns How Reversion Could Shake Your Investments! appeared first on Coinpedia Fintech News

Mike McGlone, a Senior Commodity Strategist at Bloomberg, has just raised an alarming red flag for Bitcoin investors. He’s spotlighted the crucial concept of market reversion, rating it a 10 out of 10 in importance. Here’s why reversion is a crucial factor you can’t afford to ignore. Reversion: The Powerful Market Force In a recent …

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The post Bitcoin’s Big Risk: Bloomberg Expert Warns How Reversion Could Shake Your Investments! appeared first on Coinpedia Fintech News

Mike McGlone, a Senior Commodity Strategist at Bloomberg, has just raised an alarming red flag for Bitcoin investors. He’s spotlighted the crucial concept of market reversion, rating it a 10 out of 10 in importance. Here’s why reversion is a crucial factor you can’t afford to ignore.

Reversion: The Powerful Market Force

In a recent tweet, McGlone highlighted the concept of reversion and its crucial role in financial markets. Reversion is the idea that asset prices tend to return to their long-term average over time. This force is one of the most powerful factors influencing asset values.

McGlone points out that understanding reversion is essential for Bitcoin investors. This concept plays a significant role in determining Bitcoin’s price movements and shaping investment strategies.

Bitcoin’s Evolving Market Influence

When Bitcoin was introduced at the end of 2009, a 10% drop in the US stock market had a notable impact, representing about 10% of GDP. Fast forward to today, and a 10% decline in the stock market would equate to roughly $6 trillion, or around 20% of nominal GDP. 

These significant changes highlight the growing influence of market fluctuations and the need for careful consideration of risk assets. McGlone’s analysis warns that investors should pay close attention to reversion, as it could greatly impact Bitcoin’s price.

Key Bitcoin Metrics to Watch

Meanwhile, McGlone advises using a basic patience metric, like the 100-week moving average for Bitcoin and beta assets, to understand market conditions. This moving average approach helps investors avoid excessive risk and make more informed decisions by recognizing when asset prices are likely to their historical averages.

As Bitcoin’s market dynamics continue to evolve, monitoring reversion metrics can help in making informed decisions and managing risk. 

Read Also: US Crypto Legislation Missing from Harris’ Policy as Trump Takes Crypto Lead

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Following Vitalik’s Sell, Ethereum Foundation Sells ETH Tokens! https://coinpedia.org/crypto-live-news/following-vitaliks-sell-ethereum-foundation-sells-eth-tokens/ Mon, 09 Sep 2024 08:53:46 +0000 https://coinpedia.org/?p=348453 The post Following Vitalik’s Sell, Ethereum Foundation Sells ETH Tokens! appeared first on Coinpedia Fintech News

About an hour ago, the Ethereum Foundation sold 450 ETH tokens for 1,029,000 DAI tokens. This comes after Vitalik linked wallet sells tokens worth $1.83 million USDC with an average selling price of $2,414. With this, the foundation has sold a total of 550 Ethereum worth ~1.28 million over the past 4 days. Notably, the …

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The post Following Vitalik’s Sell, Ethereum Foundation Sells ETH Tokens! appeared first on Coinpedia Fintech News

About an hour ago, the Ethereum Foundation sold 450 ETH tokens for 1,029,000 DAI tokens. This comes after Vitalik linked wallet sells tokens worth $1.83 million USDC with an average selling price of $2,414. With this, the foundation has sold a total of 550 Ethereum worth ~1.28 million over the past 4 days. Notably, the average selling price of each ETH crypto was $2,324.

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PrimeXBT: Empowering Traders in a Recovering Crypto Market https://coinpedia.org/information/primexbt-empowering-traders-in-recovering-crypto-market/ Mon, 09 Sep 2024 08:45:00 +0000 https://coinpedia.org/?p=348483

The post PrimeXBT: Empowering Traders in a Recovering Crypto Market appeared first on Coinpedia Fintech News

The Crypto market has been experiencing a lot of bearish sentiment lately, with prices having fallen since the highs experienced earlier in 2024. This has led to some concern among Crypto holders, while those trading derivatives like Contracts for Difference (CFDs) or Crypto Futures have had the opportunity to benefit from the falling market. As …

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The post PrimeXBT: Empowering Traders in a Recovering Crypto Market appeared first on Coinpedia Fintech News

The Crypto market has been experiencing a lot of bearish sentiment lately, with prices having fallen since the highs experienced earlier in 2024. This has led to some concern among Crypto holders, while those trading derivatives like Contracts for Difference (CFDs) or Crypto Futures have had the opportunity to benefit from the falling market.

As of writing – September 2024 – however, it seems the Crypto market is entering a period of recovery, hinting at a more bullish environment towards the end of the year. This transition phase has seen popular coins enter a period of consolidation, with prices constantly going up and down in small increments, but generally keeping within a certain range.

Although hinting at positive things ahead for the Crypto market, periods like this can often be risky for traders due to the volatility involved. PrimeXBT, one of the leading online Crypto & CFD brokers offers a range of tools and services to empower traders and help them thrive during these market conditions, which this article will explore in more detail.

Signs That Crypto is Experiencing a Bear-to-Bull Transition

There are a number of factors that currently hint at the transitory nature of the Crypto market. Firstly, the market is closely watching upcoming economic events, including inflation data releases and changes to interest rates by central banks like the U.S. Federal Reserve. These data points can often have a significant impact on Crypto market sentiment. When interest rates are low for example, investors are often more open to riskier assets like Cryptocurrencies, which can lead to prices rising due to the increased demand.

Secondly, major coins like Bitcoin are currently experiencing periods of consolidation. Historically, Bitcoin’s performance becomes stronger after such periods, which is especially true in cases where a bull market has followed. This and other data points have analysts predicting that an upward breakout for Bitcoin may be on the cards as early as October. 

Finally, positive momentum also seems to be building due to other institutional developments in the market, as well as impending regulatory changes that all point to a brighter future for Crypto in the coming months.

How PrimeXBT Prepares Traders for the Next Bull Run

One of the benefits of trading derivatives like CFDs or Crypto Futures with an online broker like PrimeXBT is that traders can capitalise on both rising and falling markets. However, during transitory periods like the market is currently experiencing, traders need to feel confident they can protect their positions from volatility while preparing for the coming bull run.

When trading with PrimeXBT, one of the ways traders can continue to thrive in a recovering market is through diversification. The brokers’ clients get access to a wide range of markets in addition to Crypto, including CFDs on Forex, Indices, and Commodities. By diversifying across these markets, traders can protect their accounts from the current volatility in Crypto by expanding into other areas. PrimeXBT offers highly competitive conditions across its market offering, with fees as low as 0.05% for Crypto CFDs, 0.01% for Crypto Futures, and no trading fees at all on non-Crypto CFDs.

In addition to the ability to diversify, PrimeXBT offers various professional trading tools to help its clients navigate the current market conditions and prepare for what comes next. Integrated TradingView charts help traders analyse the markets in detail to identify ideal entry and exit points for trades while also providing indicators for when the next bull run may start. During volatile transitory periods, risk management also becomes more important than ever. PrimeXBT gives traders the tools to manage their risk, including limit orders like stop loss and take profit, providing a level of protection from unexpected market movements.

Conclusion: Benefit in All Market Conditions

PrimeXBT gives traders everything they need to not only survive but also take advantage of volatile, transitory Crypto market conditions. But that’s not all. The broker’s unique all-in-one offering, suite of tools, and competitive conditions make it a good option for traders, no matter how the market is moving. Whether bullish, bearish, or consolidating, when trading with PrimeXBT, clients can feel confident they have what they need to capitalise on the Crypto market and prepare for what comes next.

Learn more about PrimeXBT’s platforms and conditions.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated on our website.

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