“Panic ensued earlier today after a huge chunk of GALA was minted. The stockpile was estimated to be worth $2 billion, causing widespread speculation about a possible hack on the play-to-earn platform Gala Games. Early reports indicated that an attacker minted $2.17 billion worth of GALA on BSC. 10.72 billion of the minted tokens were…
Read more
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.”
I wanted an opinion on which hard wallet to buy.. what do you recommend? My choice would be between ledger nano x and securX W20.. which one? Or if you have anything else to recommend.. tnx submitted by /u/Environmental-Log167 [link] [comments]
On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market. […]
Some of our favorite coins have been pumping lately, it feels great doesn't it? On one hand you love watching some green action, on the other you're probably thinking "shit, wait up, I haven't finished DCA'ing yet!" Due to the latest alt coin pumps such as MATIC, AR, LRC, ALGO, FTM, ATOM etc. I see…
Read more
Ripple started a strong increase above the $0.460 resistance against the US Dollar. XRP price broke many hurdles near $0.478 and might rise further towards $0.55. Ripple started a fresh increase from the key $0.442 support zone against the US dollar. The price is now trading nicely above $0.480 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if there is a close above the $0.5000 resistance. Ripple Price Rally To $0.50 Yesterday, we discussed how ripple’s XRP is primed for rally and only 1 thing is holding it back against the US Dollar. XRP formed a base above the $0.4220 level and started a steady increase above $0.4400. The price gained pace for a move above the $0.450 resistance. The bulls were able to clear the key barriers near the $0.478 and $0.480 levels. It opened the doors for more gains above the $0.488 level. The price was able to clear the 50% Fib retracement level of the key decline from the $0.5486 swing high to $0.4220 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP/USD pair. The price is up nearly 10%, outperforming ethereum and bitcoin. XRP price is now trading nicely above $0.480 and the 100 simple moving average (4-hours). Itis now facing hurdles near $0.500. It is close to the 61.8% Fib retracement level of the key decline from the $0.5486 swing high to $0.4220 swing low. Source: XRPUSD on TradingView.com A successful break above the $0.500 and $0.505 resistance levels could spark another rally. The next key resistance is near the $0.52 level, above which the bulls are likely to aim a retest of the $0.55 barrier. Any more gains might send the price towards the $0.60 level. Dips Limited in XRP? If ripple fails to clear the $0.500 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.485 level. The next major support is near $0.465. If there is a downside break and close below the $0.465 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.450 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.485, $0.465 and $0.450. Major Resistance Levels – $0.500, $0.520 and $0.550.
The Circle Reserve Fund is managed by BlackRock under the custody of Bank of New York Mellon.
submitted by /u/nebula21399 [link] [comments]
Popular Ethereum layer-2 token MATIC has surged over 17% in the last 24 hours, leading the crypto market in gains. Its price jumped from the previous day’s low of $0.815 to a local high of above $1. However, the price succeeded in breaking through the $1 barrier, settling at $1.13 at press time. MATIC’s price had fallen for five days in a row beginning on October 29th. However, it has recently seen a remarkable uptick due to several positive developments. Meta’s recent announcement about supporting NFTs on Instagram leveraging Polygon was the main catalyst. The social media platform’s newest Web3 integration comes amid fierce competition from TikTok and Alphabet’s YouTube. Related Reading: Lightning Speed: Accelerators And Incubators Focus Their Sights On Bitcoin Meta Starts Testing Instagram NFT Sales Powered By Polygon Instagram owner Meta announced plans to mint, display, and sell Polygon-powered digital collections and NFTs on the platform. This should provide artists with a fresh approach to interacting with and profiting from their fan bases. According to Meta, the photo-sharing app’s latest features will be tested by a handful of US creators. The goal is to reach more people in more nations as quickly as possible. Instagram intends to incorporate a whole end-to-end toolbox that can be utilized throughout the process. This would cover NFT production to NFT display and sales on and off social media. In May 2022, Meta (then known as Facebook) began testing the service, and by the end of September, it had expanded to 100 nations. This allowed Facebook and Instagram users in the United States to connect their wallets and share their digital collections on platforms. Users can automatically tag makers and collectors without incurring network expenses. For artists, NFTs offer a way to convert their social capital into monetary reward. This way, fans may appreciate artists by collecting and curating digital art collections. Polygon noted that 50 million individuals worldwide consider themselves to be online producers. They also highlighted that NFTs enable these people to own their digital works published online. Polygon’s co-founder Sandeep Nailwal hailed the agreement as a major milestone on the road to bringing one billion people to web3. Can MATIC Leverage Meta’s Deal To Sustain The Rally? Following Meta’s Instagram post that it will support Polygon NFT, MATIC investors woke up to a 12% gain. Last week, MATIC’s price surged beyond $0.88, which is now acting as support. Since then, the price of MATIC has risen past $0.95. Since October 29th, the cryptocurrency has provided enormous returns for its holders. Analyst and crypto trader Avramis predicts that MATIC’s price will rise to $1.25 this November. Many market watchers see this as confirmation that MATIC’s recent positive trend reversal will persist. Related Reading: Shiba Inu Struggle Continues As Altcoins Rally With Over 70% Gain; Here Is Why However, not everyone is bullish about Polygon’s price trend; some see a potential correction phase ahead. A decline to the $0.88 level would prove bears’ dominance and discredit the bullish thesis. If bulls cannot maintain their pace, the MATIC price might fall below the $0.72 level. Featured image from Pixabay and chart from TradingView.com
MATIC rallies with high volume as price breaks above $1 after a while as bulls eyes $1.3. MATIC’s price, both on chart and on-chain, shows how it has had a fair share of the bear market and would continue to bloom. DOGE’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Polygon (MATIC) price recently showed some great price action as the price rallied to a high of $1 and broke past this region that has proven to be a difficult nut to crack in recent times for Polygon (MATIC) price. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Polygon’s (MATIC) rally and strength have proven otherwise, one of the projects many traders and investors are keen on accumulating. (Data from Binance) Related Reading: Dogecoin Slides To Support Of $0.11; These Indicators Point To Bearish Weakness Polygon (MATIC) Price Analysis On The Weekly Chart The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more. The new week has looked a bit skeptical, but things are beginning to shape up and looking more promising for some altcoins, like BAND, rallying over 100% in less than 24 hours, showing the price action and volume for buy orders. The price of MATIC hasn’t lagged either, as it aims to rally higher, holding off sell orders at a region of $0.85. After dropping from its high of $3 some months back, the price of MATIC has had a great struggle to pull off a rally that has left many in euphoria, drawing the attention it had from investors, traders, and partnership deals. The price of MATIC saw its trade at a low of $0.35 on the weekly chart; the price swiftly bounced from this region as the price rebounded to a region of $1, where it was rejected to a region of $0.77. Still, the price bounced from here after forming strong support to a region of $0.95 as the price aims to rally past $1.3 Weekly resistance for the price of MATIC – $1.3. Weekly support for the price of MATIC – $0.85. Price Analysis Of MATIC On The Daily (1D) Chart In the daily timeframe, the price of MATIC continues to look strong as the price broke out of its range price movement to a high of $1 as the price aims for a rally to a daily high of $1.3 where the price could face a major resistance to break higher. The price of MATIC trades at $1.12 above the 50 and 200 EMA, which indicates a good relief sign for MATIC’s price on the daily timeframe. The price of $0.9 and $0.85 corresponds to the values of the EMAs acting as support for prices. Daily resistance for the MATIC price – $1.3. Daily support for the MATIC price – $0.9-$0.85. Onchain Analysis Of MATIC The MATIC price from the on-chain analysis looks more decent despite a fall of over 60%. MATIC has seen constant price growth over 3 months and producing a reasonable return on investment (ROI) for assets held. Related Reading: Litecoin Price Soars After DOGE Marks Historic Growth Featured Image From zipmex, Charts From Tradingview and Messari
