Canto, a layer-1 blockchain, has been inactive since August 10 due to a critical consensus issue, with a resolution scheduled for August 12. 

The outage led to significant price fluctuations for Canto’s native token, CANTO, initially causing a dip to $0.03681. 

 The outage occurred amid a period of declining on-chain activity for Canto, with its total value locked (TVL) dropping. 

Canto, a layer-1 blockchain, has been inactive since August 10 due to a critical consensus issue, with a solution planned for Monday, August 12. This issue has led to a complete pause of transaction processing on the network, bringing all activities on the platform to a stop.

Canto Blockchain Faces Extended Outage

Canto’s development team confirmed the situation through an announcement on the social media platform X. The team confirmed to the users that the disruption would make sure their holdings were safe. The issue, which has caused the blockchain’s normal operations, is attributed to a problem with consensus, a fundamental mechanism required for the network to function correctly.

https://twitter.com/CantoPublic/status/1822733054689026460

The development team has planned an upgrade to address the issue and is ready for an upgrade on Monday, August 12, at 12:00 UTC. Once the upgrade is done, normal operations are expected, allowing users to interact with the services offered again. The delay in fixing the issue has raised concerns among the blockchain community, indicating the importance of strong consensus mechanisms in maintaining the network.

Impact on Canto’s Native Token

With an opening price of $0.04016, the CANTO token exhibited a price decline toward an intraday low of $0.03681, marking a % dip. However, this bearish move was short-lived as the asset’s price rebounded, stabilizing above the $0.040 support level. As of press time, CANTO recorded $0.04526, reflecting over a 12% increase in the last 24 hours. This uptick has further impacted its market cap, which now stands at $19.83 million. Adding to this positive price action, CANTO’s 24-hour trading volume painted a similar image, with its price gaining 19.67% to $526,092.

Source: CoinMarketCap

This indicates a heightened increase in trading activity and investor interest in the CANTO market.

Decline in On-Chain Activity

The disruption comes during a period of declining on-chain activity for the Canto network. Data from DefiLlama reveals a substantial drop in the platform’s total value, falling from over $200 million in March to approximately $13.7 million currently. This decrease in TVL reflects broader challenges that Canto has faced in sustaining its early movement.

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Ethereum's blockchain is changing asset trading by allowing for real-time asset tokenization around the clock.

Major financial firms, including as BlackRock, have chosen Ethereum for their tokenization projects.

By emulating real-world assets, Ethereum connects mainstream and independent finance.

Ethereum is emerging as the premier platform for Real-World Asset (RWA) monuments, a process that converts real and intangible resources into digital tokens on the blockchain. Major financial firms, like BlackRock, are now using crypto for monumental initiatives. This shift toward RWA  is set to change financial markets by enabling continuous trading, improving liquidity, and expanding access to high-value assets.

What is RWA tokenization?

RWA digitization involves turning traditional assets such as equities, real estate, and commodities into technological tokens. These currency denominations represent ownership on a blockchain and allow for fractional ownership and easier investment opportunities. Equities, for example, can be tokenized to let investors buy fractions of private companies. Similarly, real estate can be divided into units, providing more flexibility in ownership and trading.

https://twitter.com/WorldOfMercek/status/1822891489485062386

Tokenized commodities like gold and silver offer more efficient trading. Intellectual property, such as patents, can also be tokenized, adding new layers of value. The decentralized management of collectibles and carbon credits is broadening the range of assets available for digital trading. This expansion of encrypted assets actively boosts liquidity and makes high-value investments more accessible.

Ethereum's Role in Tokenization

Ethereum's strong infrastructure makes it the top choice for RWA coinage. Financial institutions, like BlackRock, are now using the coin's blockchain for their digital currency projects. This trend highlights the coin's growing role in traditional finance. The platform’s ability to allow 24/7 trading of electronic assets gives it a big advantage over traditional markets, which only operate on weekdays.

The related ecosystem is also expanding with more tokens like Chainlink, Maker, and ONDO being built on its blockchain. As a result, it is strengthening its position as the main hub for asset tribute . The platform’s security, autonomy, and established presence make it the preferred option for institutions looking to innovate with blockchain technology.

The Future of Capital Markets

Major shifts in the ownership, trading, and management of assets are symbolized by Ethereum. By enabling fractional ownership, the coin is connecting traditional finance with decentralized finance (DeFi). The expected growth of the reminder asset market, which may reach $10 trillion by 2030, shows Ethereum’s potential to lead this financial transformation.

How will Ethereum’s role shape the future of global finance? As more institutions adopt blockchain technology, the curriculum's role in this evolving landscape will become even more important.

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Solana (SOL) dropped 14% over the past week, reflecting a bearish market sentiment.

SOL’s 50-day MA crossed below the 200-day MA, forming a bearish "death cross."

The RSI indicates SOL is nearing oversold territory, suggesting potential buying opportunities.

Solana (SOL), once a darling of the cryptocurrency market, has recently experienced a significant price drop. Over the past week, SOL has slipped by 14%, reflecting a bearish sentiment across the market. 

This decline comes amid broader market uncertainty, with many investors questioning the sustainability of recent gains. Despite this, some analysts believe Solana still holds potential, though its near-term outlook remains challenging.

Market Sentiment and Technical Indicators

The recent price action of SOL has been influenced by several factors, including broader market conditions and technical indicators. Currently, SOL is trading below key support levels, indicating a bearish trend. 

The 50-day moving average (MA) has crossed below the 200-day MA, forming a death cross—a technical pattern often viewed as a bearish signal. This pattern suggests that SOL could face further downside in the short term.

However, it’s important to note that the Relative Strength Index (RSI) for SOL is nearing oversold territory. While this doesn’t guarantee a reversal, it does suggest that the selling pressure may be overextended, providing a potential buying opportunity for long-term investors.

Potential Recovery Scenarios

For SOL to recover, it needs to reclaim key resistance levels, particularly around the $25 mark. If SOL can break above this level, it could signal the start of a recovery. 

Additionally, broader market stability, especially in major cryptocurrencies like Bitcoin and Ethereum, could provide the support SOL needs to regain momentum. Another factor that could influence SOL’s recovery is the development of the Solana ecosystem. 

Recent network upgrades and increased adoption of Solana-based projects could boost investor confidence. However, until SOL breaks out of its current downtrend, caution is advised.

Conclusion

While Solana's recent price action has been disappointing, there are indicators that suggest a potential recovery. Investors should keep a close eye on key resistance levels and broader market trends. For those with a long-term perspective, SOL's current price may offer a buying opportunity, but the short-term outlook remains uncertain.

The post Solana Struggles Below Key Support: What’s Next for SOL After a 14% Drop? appeared first on Crypto News Land.

A former BOJ official said that there is no plan to increase rates this year because the central bank aims to regain stability in the market rather than continue its steep monetary policy.

The recent rate hike made USD stronger and led to a reversal of yen carry trades, putting pressure on risky assets like Bitcoin as its price plunged.

Some of the BOJ officials say that future interest rate decisions will be closely linked with market signals.

Japan recently held its key interest rate at 0.025%, which was the first time that the Bank of Japan (BOJ) has increased it since 2000. Twenty-five percent from a zero intra-organizational technology transfer range.This shifted the dynamics of global markets, such as cryptocurrency, as investors processed this change. However, while indicating that more tightening may still be possible in the future, a former BOJ official has commented that the central bank may refrain from increasing rates again in the current year in a bid to maintain market stability.

Makoto Sakurai, the former BOJ board member, stated that the central bank is going to raise the rates less in the coming months. “They won’t be able to hike again, at least for the rest of the year,” Sakurai said, pointing at the BOJ’s conservative attitude toward further worsening inflation expectations. Its implications make it possible to assume that the central bank will not risk various actions that would lead to an increase in the existing instabilities in the financial markets.

Impact of the Recent Rate Hike and Future Rate Decisions

Several impacts resulted from the first increase on July 31, the beginning of the tightening of the financial market. The Japanese yen was appreciated, thus eliminating the yen ‘carry-trade,’ which is widely regarded as a ‘risk-on’ strategy. 

This unwinding process put pressure on traditional risk assets such as Bitcoins, which dropped from a trading price of about $ 65000 to $ 50000 within a week. The cryptocurrency market is highly volatile and susceptible to global economic fluctuations, so the change in policy at the BOJ triggered a proportional response.

Subsequent to the market shifts, BOJ Deputy Governor Shinichi Uchida appears more conservative, adding that any future rate hikes will depend on market signals. Uchida also advocated that monetary policy should not make further changes until markets become more stabilized. Sakurai expressed the same sentiment, pointing out that although the BOJ is gradually ceasing the policy of monetary expansion, it still cares about possible changes and the message it conveys to the markets.

The post Market Stability vs. Rate Hikes: Ex-BOJ Official Weighs In on Japan’s Strategy appeared first on Crypto News Land.

A surge in the crypto market is on the horizon, and certain altcoins are poised for remarkable gains. Investors are keeping a close watch as predictions point to potential 1000% increases. This article will explore which digital currencies are set to lead the charge. Get ready to uncover the next big opportunities in the crypto world.

BlastUP Releases Blastbox V2: a Treasure Trove Full of Perks

Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

Blastbox V2 offers more than just valuable assets; it's a gateway to exclusive privileges on BlastUP. Owners enjoy benefits such as NFT and token airdrops, membership in the BlastUP Club, and priority access to IDOs.

Discover the Full Potential of Blastbox V2

Obtaining Blastbox V2 is your last chance to secure early access to BlastUP at the best price. This launchpad is rapidly emerging as a powerhouse in the Blast blockchain, already making waves with four successful IDOs.

If you are still searching for the next big crypto treasure, look no further. With only 9999 Blastboxes V2 available at launch and packed with unmatched utility, these rare loot boxes are poised to fly off the shelves.

Grab Your Blastbox V2 Now, Before They're All Gone!

Ethereum Stagnates With Bearish Signals, Will It Break the $3000 Mark Soon?

Ethereum (ETH) is currently stuck between $2217 and $2809. Despite recent drops, the coin shows potential but also faces challenges. The nearest resistance level is around $3062, and support is close to $1879. The 10-day and 100-day moving averages both hover around $2550, reflecting hesitation in price action. Technical indicators like RSI and MACD lean bearish, suggesting possible further dips. A 3.83% drop in the past week and a 17.51% dip this month don't inspire immediate optimism. For growth, ETH must break above $3062, and if it does, it could approach $3654, marking a potential 30% rise. If it dips below $1879, it risks dropping near $1290.

Solana's Market Momentum: Will SOL's Price Surge or Dip?

Solana (SOL) has been shifting between $113.09 and $166.87, showing a steady rise in recent months. Though its current price movement suggests a cautious climb, it faces key resistance at $192.16, which could be a challenge to surpass. With a 10-day moving average at $144.01 and a 6-month increase of over 30%, there's potential for growth. If it breaches first resistance, Solana could aim for $245.94, offering a significant upside. However, support levels at $84.60 and $30.82 remain crucial if the price takes a downturn. Given its RSI and MACD, which indicate neutral to slight bearish momentum, SOL's future remains unpredictable but promising for vigilant investors.

Dogecoin Faces Uncertain Future Amid Market Fluctuations

Dogecoin, currently priced between $0.0841 and $0.1144, is at a crossroads. The next resistance level is $0.1277, with support at $0.0671. Over the past week, its price dipped by nearly 1%, and the past month saw a 4% drop. However, it has surged by almost 27% in six months. Despite these mixed movements, the coin's RSI is neutral at 52.318, and other indicators like MACD and Stochastic remain balanced. Dogecoin's future hinges on its ability to break the $0.1277 resistance. If achieved, a rise of around 12% could be possible. If not, it may fall toward the support at $0.0671, hinting at a 20% decline.

Shiba Inu (SHIB) Eyes Possible Price Upswing Amid Market Uncertainty

Shiba Inu (SHIB) is navigating a volatile market, currently priced between $0.00001121 and $0.00001511. The coin shows mixed signals with a 10-day average slightly below the 100-day average, suggesting a possible price rise. Key resistance near $0.00001683 could cap short-term gains, but a break above might target $0.00002073, representing a notable rise of over 35%. However, it could fall towards support at $0.00000906 if it fails to hold current levels. Recent performance shows a weekly gain of about 3% but a significant monthly drop of nearly 17%, highlighting uncertain but potentially bullish prospects.

Conclusion

ETH, SOL, DOGE, and SHIB have shown promise but may offer limited short-term growth. In contrast, BLASTUP stands out with higher potential for gains. Its innovative approach and integration with the Blast ecosystem make it a project to watch closely. The combination of a strong concept and strategic positioning has placed BLASTUP at the forefront, offering the best chance for significant returns. Overall, while traditional altcoins remain attractive, BLASTUP is poised to deliver the highest growth.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

The post Get Ready for the Next Crypto Wave: These Altcoins Are Set to Soar 1000% appeared first on Crypto News Land.

Bitcoin (BTC) is a very popular topic now with traders and analysts. Even though there have been recent drops, people are feeling more hopeful about it. Famous market expert Peter Brandt has gained much attention because he bravely predicted that Bitcoin might rise to $92,579 soon. By using an 8-period moving average, he studied how Bitcoin's price changes. He observed a significant upward trend in the first quarter and then noted phases of recovery and downturns after that.

As everyone talks about Bitcoin's next big action, another cryptocurrency called NOTI is slowly getting noticed. Although Bitcoin always gets the most news, NOTI is becoming more important and catching the eye of smart investors who want to find the next valuable asset in the crypto market and we will find out soon. 

Do not miss a chance— check out the website and join the Telegram group to keep updated on NOTI's new developments and opportunities. 

Strategic Rollout and Market Position

The upcoming release of NOTI, expected in the third quarter, has plans ready to help keep the token's value and stop early selling. This careful launch plan is important for keeping a stable growth path as more people get interested in NOTI. With a solid base and increasing trust from investors, NOTI is ready to create a big impact, similar to how Bitcoin did in its beginning times.

The growth potential for NOTI is very big. Experts say that the price will go up a lot because of smart launch and more interest from investors. As more buyers pay attention, NOTI is ready to become a big player, and its value might go up fast in the next few months. Join the presale  to not miss out!

Innovative Features

NOTI is not simply another cryptocurrency; it has new features making it different from others. One special feature of NOTI is that it gives access to premium functions on the Noti sniping tool. This tool, very important for many trading strategies, helps users to get an advantage in the market by finding and getting new tokens right when they become available.

Besides giving premium access, NOTI tokens let you tip for getting snipe requests done faster. This helps users have a better position because their transactions happen before the others. This skill to know what is most important can really make a difference in markets where time is very crucial. By using these special abilities, people who have NOTI tokens can take advantage of early chances with new tokens.

Stay informed and get ahead by joining our Telegram group to receive real-time updates and insights on NOTI and other new opportunities.

Revolutionary Memecoin with Real-World Utility

Due to its sophisticated AI, NOTI is truly beneficial in real life. The NOTI-powered Noti Snipe bot employs contemporary AI to find new tokens before they hit the market. This lets users capitalize on opportunities others may miss.

This new trading method makes $NOTI popular. It combines memecoin fun with AI technology's benefits for investors. As more traders recognize NOTI's benefits, they'll use it rapidly, raising its value. 

Market Sentiment and Future Outlook

The feeling in the market about NOTI is getting better and better, shown by more people joining its presale. This big interest from the market shows that investors believe a lot in what NOTI can do in future. The excitement about the token shows it might see big growth, with many people thinking $NOTI can become very important in the crypto world by 2024.

Looking ahead, NOTI has a chance to be very important. Its special qualities, careful plan of introduction, and positive market feeling suggest a good future. 

For people wanting to put money in a token with a real chance for an increase, you can get started by checking NOTI's official website. 

Conclusion 

While Bitcoin's possibility to rise up to $92,579 is very thrilling, NOTI is showing strong reason as a token you should observe. With its imminent launch, new features and chance for big growth, NOTI looks ready to become the main focus in the crypto market. Do not miss the chance to join this amazing new project—keep updated by following the Telegram group and be first to hear about the latest news.

So what else are you waiting for? Secure your holdings in the NOTI presale now!

And learn more about the project at: 

Website: https://noti.io/

Medium: https://medium.com/@noti_official

Telegram: https://t.me/noti_official

Twitter: https://x.com/noti_official

Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

The post Peter Brandt Says Bitcoin (BTC) Will Bounce to $92,579 Soon As NOTI Continues To Take Center Stage appeared first on Crypto News Land.

XRP's current trading level around $0.50 is a critical focal point for traders.

Key support at $0.45 and resistance at $0.55 determine potential bullish or bearish outcomes.

An ascending triangle pattern and rising trading volume suggest a possible XRP breakout.

Ripple's XRP has recently been a topic of intense speculation among investors and crypto enthusiasts. Amid notable fluctuations and market interest rising, many are wondering if XRP is poised for a significant breakout. 

Currently, XRP is trading around $0.50, a critical level that has become a focal point for traders. Recent volatility has been driven by a mix of market trends and news events specific to Ripple. 

XRP has tested key support levels near $0.45 in recent weeks. If XRP can sustain above this support, it may indicate a potential bullish reversal. However, if the price falls below this threshold, it could signal further declines. 

On the other hand, resistance around the $0.55 mark is crucial. A breakout above this level could propel XRP to significant gains, making it a key level to watch.

Technical Indicators and Chart Patterns

Technical analysis reveals several important patterns and indicators that could suggest where XRP is headed. An ascending triangle pattern is forming on XRP's daily chart, which, if confirmed, could signal a breakout. 

This pattern typically precedes substantial price movements, hinting at a potential surge. Additionally, the relative strength index (RSI) is approaching overbought territory. 

Trading volume is another critical factor to consider. Recently, there has been a noticeable increase in XRP’s trading volume, signaling heightened activity among market players. 

Rising volume, especially during upward price movements, is often seen as a bullish indicator. This suggests that significant investors might be positioning themselves for a potential rally, reinforcing the possibility of a breakout.

Regulatory News and Market Sentiment

External factors also play a significant role in shaping XRP's price trajectory. Ripple’s ongoing legal battle with the SEC has been a major influence on XRP’s market performance. Positive developments in this legal dispute could provide a substantial boost to XRP, potentially driving the price higher. 

Additionally, Ripple's efforts to forge new partnerships and enhance the token’s adoption could further impact its price. Successful integrations and increased use cases for XRP might drive up demand, contributing to potential price gains.

Conclusion

XRP's current market situation suggests that it could be on the verge of a major move. Key technical indicators and chart patterns hint at a possible breakout, while external factors like regulatory news and market sentiment also play crucial roles.

The post Ripple’s XRP Nears Crucial $0.55 Resistance: Parabolic Rally Soon? appeared first on Crypto News Land.

The recent price drop below $59,000 for BTC means the Fear & Greed Index is currently at 25, meaning investors are in complete fear.

Long positions above $123 million have been closed, meaning that traders expecting the price to rise were wrong as the market rapidly declined.

Bitcoin's price movement suggests a waning bullish momentum, attributed to the lack of new positive catalysts.

The bull run continues in the crypto market, but the price of the largest cryptocurrency, Bitcoin, has dropped below $59k. This decline has caused unease in the market, leading to a rise in the Fear & Greed Index. The investor sentiment index went down to the “extreme fear” zone and only got 25 out of 100. This sharp drop emerged after Bitcoin traders dipped to an intraday low of $58,134 on Monday, with investors remaining cautious given the volatile nature of the cryptocurrency markets.

https://twitter.com/HTX_Global/status/1822841689540538667

A massive selloff has ensued due to the price plunge, and more than $123 million  have been liquidated as per the figures provided by CoinGlass. This shows that traders expected Bitcoin to increase in value, and hence, to place their orders in anticipation of such an event, they needed confidence. The downturn also shows some susceptibility to the current market, where huge fluctuations can cause massive losses in a short time.

Prior Crashes and Lack of Bullish Catalysts

This is not the first time Bitcoin has had such high volatility levels in its price and value within the market. Last week alone saw a major dump, with Bitcoin testing a low of $49,557 on Bitstamp.This decline was mainly said to have been caused by a spillover effect from the world’s stock markets. 

However, Bitcoin swiftly rebounded and returned to the $60k mark in days led by institutional demand. Even though there has been a recovery from this zone, the current price action has indicated that the bulls are becoming weak.JPMorgan analysts have observed that certain fundamental drivers have not been factored into the current Bitcoin price. With the S&P 500 and Nasdaq futures remaining relatively flat, it suggests that internal factors may be influencing Bitcoin's bearish market. Market participants are eager to see if this level will hold steady and whether the price of Bitcoin will stay near $59,000 or decline.

The post Extreme Fear Grips Bitcoin Investors After Latest Price Drop appeared first on Crypto News Land.

Bitcoin introduced decentralized, peer-to-peer electronic cash in 2009, marking the start of digital finance.

Ethereum's smart contracts enabled dApps, transforming blockchain from simple transactions to complex decentralized applications.

Internet Computer (ICP) offers web-speed blockchain with infinite capacity, aiming to replace centralized internet infrastructure.

Bitcoin was introduced in 2009 and it solidified its position as digital gold in the digital world. Bitcoin, which was the first decentralized, peer-to-peer electronic cash system, changed the way people exchange value without relying on a central authority. The introduction signaled the start of a new age for digital currencies.

Ethereum's Smart Contracts

After Bitcoin, Ethereum emerged with the revolutionary introduction of smart contracts. This greatly expanded the potential of blockchain technology beyond basic transactions. 

https://twitter.com/Snark_Space/status/1822204813464973553

The Ethereum platform enables developers to create and deploy decentralized apps. These apps run without disruption or influence from outside parties. This move cleared the path for decentralized financial systems and services that we use today.

Redefining Blockchain Technology

The Internet Computer is taking blockchain technology to the next level. ICP which has been created by the DFINITY Foundation is intended to replace the current centralized internet infrastructure with a decentralized alternative.

ICP's groundbreaking web-speed, web-serving public blockchain operates at the speed of the internet and boasts infinite capacity. This makes it capable of running compute- and storage-heavy applications fully on-chain. The network is supported by 48 data centers worldwide, with thousands of nodes ensuring its security.

The core of ICP's technological innovation lies in its Chain Key Technology. This includes systems such as consensus threshold relay, internet identity (IID), and the Network Nervous System (NNS), which together enable seamless operation and governance of the network. 

Canisters, ICP's version of smart contracts, can stream web information directly to users' browsers without charging gas fees unless an action occurs, enhancing user experience and efficiency.

ICP's strategic roadmap emphasizes the integration of blockchain and artificial intelligence technologies, focusing on computing platforms, privacy, decentralized AI, and chain fusion. 

The Internet Computer is making significant strides in blockchain technology. Its innovative strategies and commitment to fostering community-driven innovation position ICP to play a pivotal role in the evolving blockchain ecosystem.

The post The Evolution of Blockchain: From Bitcoin to Internet Computer (ICP) appeared first on Crypto News Land.

Bitcoin drops to $58,774 with a 4.10% decrease in 24 hours.  

Trading volume rises by 87.12% suggesting high investor activity.  

Technical analysis hints at a potential shift as the coin hovers near key support levels.

BTC charges have seen a notable price reduction in the past 24 hours, falling to $58,774, which is representing a 4.10% drop. This decrease is also seen in market capitalization, which has reduced by 4.16% within the last 24 hours, approximating to $1.16 trillion. The outcomes place Bitcoin as the top cryptocurrency globally by market cap. Despite this diminution, trading volume has seen a trend contradiction as it had an increase of 87.12%, reaching over $27.46 billion in the past day. This in turn suggests increased activity by the investors in the market.

source : Coinmarketcap

Moving on to the charts, they depict a consistent downward trend with Bitcoin starting around $61.26K before facing resistance, resulting in its decline during the day. Despite the hard attempt at price stabilization, the price continued to turn down, reaching a narrow point of approximately $58.77K. 

This recent price drop adds to the ongoing volatility in the crypto market, as Bitcoin's dominance remains at 56.2%, followed by Ethereum at 15.0%. As the market is seeing a high fluctuation in price, investors are closely monitoring these changes and using them to their advantage.

Bitcoin Technical Analysis

Moving on to a more technical aspect, Bitcoin's price action has recently exhibited signs of a possible reversal as it hovers around $58,723 after hitting a low of $57,681 earlier. The charts portray a complex  ABCD pattern, as the lowest wave (E) is indicating a possible end to the downtrend, hinting at a potential recovery.

Source: Tradingview

The resistance level at $74,802 represents the peak wave of B, remaining a barrier that the token needs to overcome to confirm a bullish reversal. The 38.2% Fibbonacci retracement level is at approximately $63,000, aligning with previous price action highs. Furthermore, the RSI indicator is currently at 43.34, which suggests that Bitcoin is in neutral territory but is leaning towards oversold conditions. Both the RSI line and the signal line are moving downward, indicating a more bearish trajectory.

The Moving Average Convergence Divergence indicator shows a bearish crossover, with the MACD line at -1,355 and the signal line at -1,044. The negative hiatogram bars reinforce the current bearish sentiment, and a narrowing gap between the lines could signal a shift in momentum. The chart indicates that the bearish movement might continue at the support levels clearly identified on the chart, with the 161.8% Fibonacci extension at $38,557.

This provides a long-term safety net if the momentum continues.

The post Bitcoin Drops to $58,774 as Market Shows Signs of Potential Reversal appeared first on Crypto News Land.

Curve Finance excels in stablecoin trading with low slippage and efficient swaps, benefiting from deep liquidity pools.

PancakeSwap, a key player on Binance Smart Chain, offers fast, low-cost transactions and a robust farming ecosystem.

Uniswap, a DeFi leader with its AMM model, continues to drive decentralized trading and shows strong growth potential.

DeFi is revolutionizing the crypto world, with some coins primed for explosive growth. As decentralized finance continues to gain traction, investors are keen on finding the next big breakout token. 

Among the myriad of options, three DeFi coins stand out as having massive potential. Curve Finance, PancakeSwap, and Uniswap have demonstrated impressive growth and robust use cases.

Curve Finance (CRV): The Leading Platform for Efficient Stablecoin Trading

Curve Finance (CRV) focuses on stablecoin trading, offering low slippage and efficient swaps. Its unique automated market maker (AMM) is designed specifically for stablecoins. This minimizes risk while maximizing trading efficiency. 

Curve’s deep liquidity pools make it a go-to platform for stablecoin swaps. With the increasing demand for stablecoin trading, Curve’s role in DeFi is set to expand. Its continued innovation and solid performance could drive substantial value growth.

PancakeSwap (CAKE): The Binance Smart Chain Powerhouse

PancakeSwap (CAKE) is a major player in the Binance Smart Chain (BSC) ecosystem. As a decentralized exchange (DEX), it offers fast and low-cost transactions. 

PancakeSwap’s popularity rose due to its efficient trading and liquidity provision. The platform supports a range of tokens and has a robust farming and staking ecosystem. 

With BSC’s growth and PancakeSwap’s expanding features, its token could see significant appreciation. Its role in DeFi’s broader landscape is crucial, making it a key coin to watch.

Uniswap (UNI): The DeFi Trailblazer

Uniswap (UNI) remains one of the leading decentralized exchanges in the DeFi space. Known for its pioneering automated market maker (AMM) model, Uniswap facilitates seamless token swaps. 

UNI has been a driving force behind the rise of decentralized trading. With its recent upgrades and continued expansion, Uniswap is poised for further growth. 

The platform’s extensive user base and liquidity make it a solid contender for significant gains. Uniswap’s dominance in the DeFi sector highlights its potential for impressive returns.

Conclusion

These DeFi coins—Curve Finance, PancakeSwap, and Uniswap—are well-positioned for substantial growth. Their innovative solutions, strong market presence, and pivotal roles in the DeFi ecosystem make them promising investment opportunities. As the DeFi space evolves, keeping an eye on these tokens could yield impressive returns.

The post DeFi Coins to Watch: 3 Altcoins That Could Skyrocket 10x appeared first on Crypto News Land.

The price of GALA continues to fall in a descending pattern taking it to a historical bottom.

This could lead to the completion of a massive inverse head and shoulder pattern. 

If this pattern plays out, analyst expects a GALA price close to the previous ATH.

Despite Bitcoin’s price dipping below the $60,000 price mark, the asset continues to show bullish signals on the price chart. Bitcoin is up by 8% over the last week and this steady bullish sentiment is seeping into a bullish altcoin sentiment as well. 

In particular, many altcoins like VET, LINK, ARB, GAL, and many others are showing bullish signals alongside Bitcoin (BTC). Specifically, GALA is performing admirably given the fact that the market is presently in an extreme fear sentiment. 

Altcoins Like GALA SHow Bullish SIgns Alongside BTC

As one popular trader has noticed, GALA is breaking and falling below the descending channel and retesting the demand level at $0.01400 - $0.01250, in the daily time frame. According to this analyst’s observations, the price of GALA is now almost at its historical bottom, and no other support level can be considered for it historically.

The analyst goes on to say that if the current level is broken, GALA holders will see a deeper price drop. However, the analyst adds that if the current level can provide good support from the price, the previous peaks can be reached in the shortest possible time.

Presently, according to CoinMarketCap data, the price of GALA is $0.01626 with a total market cap of $552,065,418 and a 24-hour trading volume of $62,169,264 which is up by over 25%. Also, GALA’s previously set ATH was at $0.8367.

https://twitter.com/CryptoBullet1/status/1747678023107620871 Can GALA Set a New ATH This Bull Cycle?

Regarding GALA possibly breaking this previous ATH to set a new bullish ATH, another popular crypto analyst shares his long-term expectations for the price of GALA. As we can see from the post above, this analyst expects GALA to cool down by the end of Q3 and create a right should completing its head and shoulder pattern. 

If this pattern were to break through, the analyst expects to see a massive bull spike caused by the completion of the inverse head and shoulders pattern taking it to two surge top price targets of $0.32 and then $0.71.

The post GALA Price Dip Leads to Inverse Head and Shoulder Pattern Formation, Can GALA Set a New ATH This Cycle? appeared first on Crypto News Land.

Bitcoin spot ETFs had a net outflow of $169 million from August 5 to August 9.

Grayscale’s Bitcoin ETF (GBTC) experienced a significant outflow of $392 million last week.

BlackRock’s IBIT and WisdomTree’s BTCW ETFs saw inflows of $220 million and $129 million, respectively.

Last week, Bitcoin spot ETFs had significant net inflows and outflows, showing shifting market sentiment. From August 5 to August 9, Bitcoin spot ETFs saw a net outflow of $169 million. This change emphasizes diverse investing approaches taken in the market by different investors.

https://twitter.com/WuBlockchain/status/1822839308488949923 Grayscale ETF faces significant outflow

The Grayscale Bitcoin ETF (GBTC) experienced a significant outflow of $392 million. The huge withdrawal points to a probable shift in investor confidence or asset reallocation. The GBTC fund has been a major player in the Bitcoin ETF market, thus this outflow is noteworthy.

BlackRock and WisdomTree ETFs saw positive inflows.

BlackRock's iShares Bitcoin Trust (IBIT) and WisdomTree's Bitcoin ETF (BTCW) both had suitable inflows. BlackRock's IBIT fund received $220 million in inflows, indicating high investor interest. Furthermore, WisdomTree's BTCW fund witnessed a $129 million inflow, highlighting the growing popularity of Bitcoin ETFs.

Market Dynamics & Investor Behavior

These inflows and outflows highlight the complex dynamics of the Bitcoin ETF market. Additionally, they indicate how market trends, regulatory developments, and macroeconomic issues influence investor behavior. The varying performance of these ETFs sheds light on the strategic decisions of various investors.

The previous week has been captivating for Bitcoin spot ETFs. With huge outflows from Grayscale and inflows into BlackRock and WisdomTree funds, the market remains volatile and unpredictable. Investors continue to navigate these shifting trends, seeking opportunities in the changing cryptocurrency market.

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Bitboy Crypto contends that Ripple's SEC battle was planned to make XRP the first regulated cryptocurrency.

Armstrong believes the lawsuit was a plan to secure XRP's acceptance by financial institutions.

 Bitboy Crypto sees a good future for XRP, considering its conclusion to the nature of the outcome.

Bitboy Crypto's comments on Ripple's battle with the Securities and Exchange Commission have led to new discussions in the crypto community after his comments. He argued that the case was staged in favor of XRP in the financial space.

Allegations of a Staged Legal Battle

According to Bitboy Crypto, the Ripple case was not a genuine legal conflict but a strategic move to secure XRP's place in the global financial system. Armstrong expressed his long-standing belief during an interview that the lawsuit was calculated to provide XRP with regulatory legitimacy. 

He argued that high-profile cases often create a narrative that appears normal to the public, masking their true intentions. This is after a $125 million settlement was reached for the SEC, but Armstrong believes the outcome was orchestrated to position XRP as the first regulated cryptocurrency. 

Armstrong emphasized that there was never any real chance that the case would not end in Ripple’s favor. He suggested that the regulatory approval of XRP was a predetermined outcome necessary for its acceptance by banks and other financial institutions. "Everything has to look normal," he stated, hinting that the case was merely a plan to ensure XRP's involvement in the financial ecosystem.

XRP's Future Post-Litigation

Despite XRP's challenges, including being removed from several exchanges, Armstrong pointed out that it remained within the top 10 cryptocurrencies. Despite XRP's challenges, including being removed from several exchanges, Armstrong pointed out that it remained within the top 10 cryptocurrencies. He highlighted this to the look of the lawsuit, which, in his opinion, was always intended to end in Ripple’s favor.

Bitboy Crypto's comments about the Ripple vs. SEC case have added new thoughts to the ongoing discussions about cryptocurrency regulation. His claims suggest the case was less about legal conflict and more about securing XRP’s future as a regulated asset. This perspective continues to generate debate within the crypto industry.

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72% of Cardano's SPOs have installed Node 9.1.0, signaling readiness for the Chang hard fork.

Chang hard fork will initiate Cardano's Voltaire Era, introducing decentralized governance.

Bitfinex is prepared for the Chang hard fork, highlighting its ecosystem significance.

Cardano (ADA) is nearing the highly anticipated Chang hard fork which has been in the works for some time, and recent developments suggest that its release is closer than previously anticipated.

Stake Pool Operators Signal Readiness

Stake pool operators, responsible for maintaining the Cardano network, are ready for the upcoming hard fork. According to recent reports from CardanoFeed, approximately 72% of SPOs have now installed the latest Cardano Node 9.1.0 software. This update is essential for the Chang hard fork, marking a crucial step in the upgrade process. 

https://twitter.com/BenaysRemi/status/1822368285322792977

Bitfinex, a major cryptocurrency exchange, has also made significant strides in preparing for the Chang hard fork. The exchange's readiness underscores the significance of this improvement in the larger cryptocurrency ecosystem.

Transition to Decentralized Governance

The Chang hard fork is slated to usher in the Voltaire Era, a phase that would provide decentralized governance to the Cardano network. This change is critical because it will transfer responsibility for managing the blockchain from Cardano's development firm, Input Output Hong Kong (IOHK), to the $ADA holders themselves. 

This step towards decentralization is consistent with the broader industry trend, allowing Cardano to compete more effectively with other protocols that have already adopted decentralized governance.

ETA for the Upgrade

While an exact launch date for the Chang hard fork has not been confirmed, current projections suggest it may be implemented before the end of August. The rapid increase in SPOs' adoption of the necessary software supports this timeline. 

Just two days ago, 69% of SPOs had installed the Cardano Node 9.1.0, and this number has since risen to 72%. If this pace continues, full network readiness could be achieved within the next few weeks.

As the Cardano network inches closer to the Chang hard fork, anticipation continues to build within the crypto community. The successful implementation of this upgrade will mark a significant step forward for Cardano, further solidifying its position in the competitive blockchain landscape.

The post Cardano Nears Chang Hard Fork: 72% of Stake Pool Operators Ready for Voltaire Era appeared first on Crypto News Land.

Algorand offers high scalability and eco-friendly blockchain solutions.

Tezos features self-amending technology and formal verification to attract interest from developers and enterprises, boosting XTZ's value.

VeChain enhances supply chain management with transparency and traceability.

With blockchain technology rapidly gaining traction across various industries, savvy investors are keeping a close eye on altcoins that could ride this wave of adoption to new heights. Among the many contenders, Algorand, Tezos, and VeChain stand out for their innovative approaches and strong use cases.

These altcoins have the potential to skyrocket as blockchain continues to reshape the digital landscape. Let’s dive into what makes them so promising.

Algorand (ALGO): The Blockchain for Enterprise and Beyond

Algorand (ALGO) is a highly scalable and secure blockchain platform, designed to process thousands of transactions per second. This blockchain offers an efficient and environmentally friendly solution for both decentralized applications (dApps) and enterprise use cases. 

Its unique Pure Proof-of-Stake (PPoS) consensus mechanism ensures rapid transaction finality while maintaining decentralization. 

With a strong focus on sustainability, Algorand has committed to being a carbon-negative network, which appeals to a wide range of developers and businesses. 

As more enterprises seek blockchain solutions that are both scalable and eco-friendly, Algorand’s ecosystem is set to grow, potentially driving ALGO’s value upwards.

Tezos (XTZ): The Self-Amending Blockchain

Tezos (XTZ) stands out in the blockchain space for itself-amending capability, allowing the network to upgrade without hard forks. This adaptability makes Tezos an attractive option for developers looking for a secure and future-proof platform. 

Additionally, Tezos emphasizes formal verification, a process that ensures the accuracy of smart contracts, which is crucial for applications where security is paramount. This has led to growing interest from enterprises, particularly in sectors like finance and supply chain. 

As Tezos continues to roll out upgrades and expand its ecosystem, XTZ could experience significant growth in value.

VeChain (VET): The Supply Chain Powerhouse

VeChain (VET) focuses on transforming supply chain management through blockchain technology. This platform provides transparency, traceability, and efficiency for businesses looking to streamline their operations. 

VeChain’s dual-token system, featuring VET and VTHO, allows for flexible and scalable enterprise solutions. With established partnerships across various industries, including luxury goods, agriculture, and logistics, VeChain is well-positioned to benefit from the growing demand for blockchain-based supply chain solutions. 

As more companies integrate VeChain’s technology into their operations, the adoption of VET could rise, driving its price higher.

Conclusion

Algorand, Tezos, and VeChain are three altcoins with strong use cases and growing ecosystems, making them well-positioned to benefit from accelerated blockchain adoption. Keep an eye on these projects as they continue to develop and gain traction in the rapidly evolving world of blockchain technology.

The post 3 Altcoins Poised to Skyrocket Amid Accelerated Blockchain Adoption: Algorand, Tezos, VeChain appeared first on Crypto News Land.

Bitcoin price dips below $60,000, crypto analysts scramble to share their expectations.

One analyst expects Bitcoin (BTC) price to hit $44,000 by early September.

Another analyst expects Bitcoin (BTC) to rally to $150,000 after September.

Bitcoin's (BTC) price dips to the $58,000 range taking the crypto market sentiment to level 25 on the Crypto Fear and Greed Index leading to an extreme fear sentiment. If FUD sentiment takes over, it could lead to a massive turnover for Bitcoin price.

A Bearish Start to September, Will BTC Dip to $44,000?

With the market acting between volatile expectations, popular analysts across the crypto space are sharing their predictions for the Bitcoin (BTC) price and the overall crypto market. In a bearish outlook, one analyst expects Bitcoin price to dip towards the $44,000 price range. 

This analyst along with many others expects the month of September to result in heavy dumps in the crypto market. Others expect a bullish cycle to continue after the end of September. Meanwhile, other analysts share a long-term bullish view of the price of Bitcoin (BTC).

https://twitter.com/CryptoFaibik/status/1822532657806283076

This view is elaborated upon by a user who says the current phase is an accumulation phase for Bitcoin and altcoins. He expects a massive bullish rally to follow the accumulation phase. According to this outlook, the price of Bitcoin has already bottomed and will not go below the $50,000 price mark. 

September's End Could Trigger Bullish Rally to $150,000 BTC Price

He expects the bullish rally to hit in mid-September preceding weeks of sideways movement. He then recalls the period of August-September in 2023 when Bitcoin was at the $17,000-$18,000 price range and how it surged to $74,000 following that. 

Supposedly, he expects a similar movement after September when Bitcoin will hit $150,000 in the coming bull run. He ends his message with a heavy emphasis on accumulating dips to prepare for the coming bull run phase of the ongoing crypto bull cycle.

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BlackRock's iShares Ethereum Trust (ETHA) nears $1 billion in net inflows just three weeks post-launch.

ETHA sees strong growth but slower inflow rates compared to Bitcoin ETFs like BlackRock’s IBIT.

Grayscale's ETHE leads in managed assets, but ETHA could soon surpass it as inflows continue.

BlackRock’s Ethereum exchange-traded fund (ETF), the iShares Ethereum Trust (ETHA), is approaching a great financial level, with net inflows nearing $1 billion just three weeks after its launch. 

Strong Early Performance for ETHA

Trading under the ticker ETHA, the fund has already amassed  $901.26 million in net capital, positioning it to potentially become the first U.S. spot Ethereum ETF to achieve the $1 billion mark, according to data from SosoValue.

Source: SosoValue

Nate Geraci, President of The ETF Store, has expressed confidence through his X space platform that ETHA will reach the $1 billion milestone this week, noting that it ranks among the top six most successful ETF launches of the year. The rapid accumulation of capital into ETHA reflects growing investor interest in Ethereum-based financial products, though the pace of inflows remains slower than Bitcoin ETFs.

https://twitter.com/NateGeraci/status/1822787125957312917

BlackRock’s previous ETF offering, the iShares Bitcoin Trust (IBIT), set a high benchmark by reaching $1 billion in inflows within four days of its launch. However, the demand for Ethereum ETFs has not yet matched the intensity seen with Bitcoin ETFs.

 Industry experts, including Martin Leinweber, Director of Digital Asset Research & Strategy at MarketVector Indexes, anticipated this trend, predicting more modest inflows for Ethereum ETFs than their Bitcoin counterparts.

Market Dynamics and Competition

Despite ETHA’s impressive growth, Grayscale’s competing fund, the Grayscale Ethereum ETF (ETHE), continues to dominate in managed assets. ETHE currently holds around $4.95 billion worth of Ethereum, although it has experienced nearly $2.30 billion in outflows since its conversion from a trust. In contrast, BlackRock’s ETHA has accumulated over $761 million in assets under management (AUM) and is on track to potentially surpass ETHE shortly.

Source: SosoValue

While ETHA has emerged as a strong lead in the Ethereum ETF market, further observations are necessary to determine if it can ultimately surpass Grayscale’s offerings. The competition remains fierce, especially as Grayscale’s Ethereum Mini Trust, seeded with 10% of the original trust’s holdings, now manages $935 million in AUM. Despite the steady inflows into this low-cost fund, BlackRock’s ETHA continues to lead in net inflows.

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Bitcoin enters a Bull Flag pattern after its fourth halving, hinting at a potential bullish surge based on historical trends.

Despite bullish potential, Bitcoin's RSI at 42.38 and bearish MACD suggest market caution, with no strong buying signals.

Historical halving events often precede substantial growth, but 2024's post-halving market shows cautious sentiment so far.

Crypto analyst @JavonTM1 on X, pointed out that Bitcoin (BTC) has entered a Bull Flag pattern after its fourth halving event. Historically, such patterns have preceded major bullish movements in Bitcoin's price. The potential for another surge seems to be building.

https://twitter.com/JavonTM1/status/1822758102472818695 Halving Events and Historical Price Movements

Bitcoin's halving events have been pivotal in its price movements. These events occur approximately every four years, reducing the reward for mining new blocks by half. This decrease in the creation of new Bitcoins has historically been followed by sharp increases in Bitcoin's price. 

The first halving occurred on November 28, 2012, followed by the second on July 9, 2016, and the third on May 11, 2020. The fourth halving occured for April 2024. After each of these events, Bitcoin's price has shown periods of consolidation and significant growth, often leading to a bullish trend. This has not yet been the case for 2024 post halving events.

Chart Analysis and Market Sentiment

The current chart indicates that Bitcoin is once again nearly on a bullish phase. The pattern shows that after each halving, there is a marked period of price consolidation, followed by a substantial upward trend. The recent Bull Flag pattern, as highlighted by @JavonTM1, suggests that Bitcoin may be gearing up for another round of hyper-bullish activity, aligning with historical trends.

Source: @JavonTM1

Technical Indicators Reflect Caution

Despite the optimistic outlook, key technical indicators signal a cautious market sentiment. The daily market capitalization of Bitcoin currently stands at $1.156 trillion, showing a slight decline of 0.23%. The RSI is at 42.38, indicating a neutral to slightly bearish zone. 

Source: TradingView

Additionally, the MACD is showing a bearish crossover, with the MACD line below the signal line and a negative histogram. These indicators suggest that while the Bull Flag pattern indicates potential, the market remains in a cautious state, with no strong buying signals evident.

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Quant and Fnality are key players in blockchain, often seen as rivals but exploring interoperability collaboration.

The World Bank's choice of Quant highlights its superior tier-two model over Fnality.

Quant’s Overledger technology offers seamless multi-network transactions, enhancing interoperability in digital finance.

In the competitive landscape of blockchain and digital ledger technology (DLT), Quant (QNT) and Fnality have emerged as notable players. While they are often seen as rivals, there are indications for collaboration on interoperability. 

The World Bank’s recent decision to favor Quant (QNT) over Fnality hasn't gone unnoticed. This favoritism raises the question as to why Quant’s tier-two model stands out.

https://twitter.com/DPGmaximus/status/1822752704160288913 Interoperability: The Core of Quant’s Success

Commercial stablecoins are becoming increasingly pivotal for enterprises aiming to integrate digital assets into their financial systems. Fnality International, with its goal of establishing a regulated digital settlement system, has made significant strides in this area. 

However, the ability to enable interoperability across various DLTs is proving crucial. Quant’s Overledger technology, which facilitates seamless transactions across multiple blockchain networks, offers a significant advantage in this respect.

Quant’s QRC-20 Tier-Two Model: A Strategic Edge

At the heart of Quant’s competitive advantage is its QRC-20 tier-two model. This innovative approach ensures smooth interoperability between different blockchain networks, giving Quant a distinct edge. 

A prime example of this technology's impact is its integration with the UK’s Real-Time Gross Settlement (RTGS) system and the digital pound’s tokenized deposits. This integration highlights Quant’s growing influence in the future of digital finance.

The World Bank’s choice of Quant for its projects further emphasizes the importance of Quant’s tier-two model. This endorsement suggests that Quant’s Overledger could become a dominant player in the industry. 

As the demand for interoperable DLT solutions rises, Quant’s tier-two model is poised to be a game-changer in its competition with Fnality. While Fnality has made notable progress in the commercial stablecoin arena, Quant’s focus on interoperability and its advanced tier-two model have distinguished it from its competitors. 

The World Bank’s endorsement of Quant could signal its increasing significance in the global financial sector. As the blockchain industry evolves, Quant’s tier-two model may prove to be a key factor in its long-term success.

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