Category: Cryptocurrency News

The cryptocurrency market is currently experiencing some turbulence, and many coins are struggling to keep up with their peers. However, one coin is bucking this trend and gaining momentum at an impressive rate. Huobi token is on the road to being the most profitable crypto of October. The token has recorded high gains in a market filled with turbulent price actions. Huobi token’s exponential profit comes as news of Justin Sun’s advisory role at Huobi Capital surfaces. The popular entrepreneur made several bullish remarks about HT on Twitter which caused the token to surge higher.  Related Reading: Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500 Huobi is currently enjoying a massive rally. Its current price action shows that it could end the month even stronger than it started. If it can continue to climb, it will likely reach new highs by November. Huobi Token Records Massive Gains in October October is known to be a bullish month for the entire crypto market. It’s that one month when every coin experiences a massive increase in value. However, this October has been anything but normal. Many top cryptocurrencies have struggled to maintain their recent gains. Despite coins like Bitcoin and Ethereum starting out strong, they’re still struggling to keep decent gains. Bitcoin even traded below its $19k mark yesterday. Huobi is also one coin that started October on the wrong foot. However, it quickly turned things around and began climbing again. The Huobi Token (HT) is currently trading at $9.26. Looking at its price range since the beginning of the month, you’ll notice it has gained quite a lot within weeks. More specifically, the Huobi token traded at $4.43 starting in October. It took a short dive the next few days, touching $3.99 on October 2nd. After 10 days, it regained momentum and started making bullish jumps. Between October 1st and today, 25th, Huobi has kept gains of over 105%. This is a huge gain for any coin, especially one that’s not as well-known as others. Huobi Token Pump Courtesy of Justin Sun’s Announcement HT’s massive gains can be attributed to Justin Sun’s announcement of owning tens of millions of HT tokens. Justin Sun, the founder of the TRON Network, took up an advisory role at Huobi Global this month. Sun remarked last week on Bloomberg TV, “I would perceive myself as one of the biggest holders.” However, he insisted that he had yet to buy a share in the exchange. Shortly after Sun made his Bloomberg TV interview, Chinese journalist Colin Wu reported that Huobi had transferred 74 million HT to Sun’s wallets. The HT token currently has a maximum supply of 500 million, with 130 million in circulation. Related Reading: This Bitcoin On-chain Retest Can Change Market’s Course, Here’s How According to Sun, Huobi Token (HT) is the company’s “core value.” Furthermore, he emphasized that for the exchange to become one of the “most significant” trading platforms in the world, HT needs to be “pushed vigorously.” The Tron creator said he wanted to focus on Huobi’s worldwide development. He also mentioned plans to return the company back to China—if regulators allow. Featured image from Pixabay and chart from TradingView.com

According to Apple’s latest guidelines for developers seeking to have their apps included in the App Store, crypto exchange applications should only facilitate the transfer of crypto funds to approved exchanges. Where payments are needed to unlock features or functionality, Apple says apps may only “use in-app purchase currencies.” Only In-App Purchase Currencies May Be […]

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The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters.

Seba Bank’s retail and institutional clients can now store tokens of Ethereum-based NFT collections like Bored Apes and CryptoPunks in the bank’s new custodial service.

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Me and many others are quite surprised by the recent pump in the crypto market. While I always like to see green candle sticks, I ask myself why the heck this is happening exactly now. The FED meeting will be on November 1st, their core parameters to determine interest hikes yes or no are inflation…
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I just joined this group and I'm hoping someone can help me. I had to reset my iPhone and I had a Crypto Wallet on the Opera browser app but I didn't save my backup phrase so I'm not able to see my funds in my wallet. I know the address of the wallet and…
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Trading crypto in the bear market is one of the most difficult times for most traders, including advanced traders, but as the saying goes, the bear market produces the best traders, and millionaires are born. Trading without the proper skills, such as market structures of the crypto market and implementing your strategy, is akin to exposing yourself to risk, which could cost you your life, but in this case, your trading portfolio. Trading goes beyond buying and selling based on the feeling that this is the best time to buy or sell an asset. Understanding the market is in phases or cycles gives the trader, investors, and institutions an advantage to trade with the necessary edge and the technical tools needed to produce a great return on investment (ROI) over time. Let’s look at how most traders, investors, and institutions take advantage of the different phases or market structures to produce consistent profits and use the right tools to identify these different market structures.  Related Reading: Bulls Against The Ropes, Why Aptos Is At Risk Of Crashing To $7 What Is Market Structure  The market structure, also called market cycles or phases, is a given stage or framework at which the crypto market is currently trading. Understanding the current market structure helps a trader to condition trading techniques and strategies to yield the best results. The market structure highlights important support, resistance, and swing highs and lows. There are four common types of market cycles- accumulation, distribution, uptrend, and downtrend phases; let us discuss them with the help of the chart. Accumulation Phase: This phase forms when their prices flatten after a long decline in price, which is a potential market bottom. At this point, institutions, investors, whales, and highly experienced traders begin to show interest and buy these assets, considering how cheap the prices have become at discounted prices. The accumulation phase is followed by a loss of interest, disappointment, boredom, and a lack of trading activities. Distribution Phase: This phase is characterized by sellers dominating this market, creating mixed feelings after a bullish uptrend. Prices continue to range in this region and can last from weeks to months, with the market moving in the opposite direction. This market is marked by price peak patterns- head and shoulders patterns, double top patterns, or triple top patterns with a subsequent sharp decline in price. This market phase is dominated by combined emotions of fear, greed, and hope for the market to continue its rally. Uptrend Phase: This market phase is marked when cryptocurrencies start to rise in price after reaching a stable point. Early traders, investors, and institutions that recognize this phase start buying into great crypto assets, with many hoping to make a fortune. This phase catches the attention of media outlets, and many are carried away with feelings of euphoria as they begin to FOMO (Fear of missing out) in a bid not to miss out. Downtrend Phase: This phase is the most painful as traders who bought during the distribution phase suffer great losses together with inexperienced traders who are new to the crypto industry. Most traders at this stage cut losses and quit trading. Identifying the crypto market cycles will help you make good and better judgments regarding trading and investment in crypto assets and 10X your portfolio. Disclaimer: The following op-ed represents the author’s views and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Related Reading: Crypto Market Drops To Extreme Fear As Bitcoin Struggles To Hold $19,000 Featured Image From zipmex, Charts From Tradingview 

Since its all-time high on August 22, EOS has been steadily declining. The crypto market had crashed from March to June, but has since recovered. The market crisis has a lingering impact on modern investing. Coingecko reports that the token’s value has increased by 0.2% in the last 24 hours. Even on shorter time intervals, like the week or the biweek, the currency rose in value. Nonetheless, these changes have done little to slow the downward trend. Investors and traders in EOS, though, may have reason to be optimistic. Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre The Stress Of September As this is being written, EOS is being propped up by the $1.0055 area, which has slowed its decline since last month. The current price movement of the token is being influenced by the ongoing downturn. The right side of the right triangle acts as a liquidity pool, and this is reflected in the coin’s price action as a XABCD harmonic pattern. As investors and traders buy the dip, demand is introduced, and the trend may turn bullish as a result. Chart: TradingView Meanwhile, the technicals also appear to be lacking. The CMF is currently negative, indicating that bears are in control of the market. This provides an undeniably formidable counterbalance to the potential bullish movement. Immediate resistance at the 61.80 Fibonacci retracement level will be a challenging barrier to overcome. Not Looking Good? EOS’s predicament does not bode favorably for the alternative cryptocurrency. However, investors and traders can leverage a rising RSI, which indicates increased investor optimism. Chaikin’s money flow index indicates that the token is gaining ground. The bears were rejected at the $0.9422 price range, which fits with the emerging upswing. As of the time of writing, the Stoch RSI is on the overbought side of the indicator, indicating that the developing rally will be met by a market correction. The EOS token is an excellent investment for traders and investors seeking to diversify their portfolios. Just last month, the cryptocurrency exchange PayBito added EOS to its list of tradable tokens, expanding EOS’s reach. Investors should also be aware of the impact of macroeconomic conditions on EOS prices. The correlation between EOS and Bitcoin is 0.77, indicating a significant effect on EOS price fluctuations. Related Reading: Shiba Inu Burn Rate Spikes By 1,860% – Why Investors Should Take Note Of This EOS total market cap at $1.15 billion on the daily chart | Featured image from Investment U, Chart: TradingView.com Disclaimer: The analysis is based on the author’s personal knowledge and should not be construed as investment advice.