The post Bitcoin Dominance Drops: Is Altcoin Season Approaching? appeared first on Coinpedia Fintech News

In the downtrend, many altcoins suffered a bloodbath and dropped almost 30% to 70% in price in recent months. This huge decline has many analysts doubting the altcoin season. However, recent developments in Bitcoin’s dominance provide a glimmer of hope for altcoins. 

Want to know when to dive into altcoin season? Step in. 

Understanding the Halving Dynamics

Meanwhile, Prominent crypto analyst Wise Advice provides an insightful analysis of how the Bitcoin halving cycle can predict the timing of the next altcoin season. The core idea is that after each Bitcoin halving, which happens roughly every four years, there is a significant opportunity for altcoins to surge. This pattern has been consistent throughout Bitcoin’s history.

However, analysts suggest that investors could see this as an opportunity to shift their focus towards altcoins, expecting a potential gain. Moreover, for the altcoin season, at least 75% of the top 50 altcoins must outperform Bitcoin.

Halving Impact on Altcoins

After each halving, it takes about 1 to 1.5 years for Bitcoin to reach a new all-time high (ATH), and this is the period for altcoins boom like Ethereum, Solana, and Polkadot. For example, following the third Bitcoin halving on November 9, 2021, Bitcoin achieved its ATH, and shortly after, Ethereum hit its ATH of $4,800 on November 10, 2021. Solana reached $250 just five days before this, whereas Polkadot peaked at $55 on November 4, 2021, and Avalanche hit $146 on November 21, 2021. 

Similarly, during the second halving bull cycle in December 2017, Ethereum surged to $1,400 in early January 2018. The first halving bull cycle in November 2013 saw Litecoin rise from $2 to $53.

How Money Flow Pattern Works

The analyst further explains that the key to understanding these movements lies in the pattern of money flow. Initially, investors flock to Bitcoin, and as Bitcoin’s price increases, profits are often moved into altcoins. This inflow of money to smaller altcoins with lower market caps results in significant price increases for these assets.

The historical pattern shows that after Bitcoin reaches an ATH, its market dominance declines, which has been true for previous cycles. For instance, Bitcoin’s dominance fell to around 40% after the third halving, and after the second halving, it was about 35%.

Current Market Indicators: Bearish or Bullish? 

Bitcoin’s dominance is at 54%, though still at Bitcoin season. There is a slight decrease this week from 55.04% to 54.68%. This small drop suggests that some altcoins have started to outperform Bitcoin. Wise Advice believes that we are likely at the beginning of a cycle that will eventually lead to a new altcoin season. According to historical data and market trends, after the next Bitcoin ATH, we can expect a period where altcoins will see significant gains.

Is Altcoin season finally here? Tell us what you think. 

The US Consumer Price Index (CPI) in June rose by 3% year-over-year, slightly below the market consensus of 3.1%. Analysts claim that this CPI release was bullish for Bitcoin (BTC), but traders are questioning why Bitcoin's price remains below $58,000. Three factors could possibly explain investors’ lack of enthusiasm.

Source: DaanCrypto

According to trader, YouTuber, and analyst DaanCrypto, Bitcoin’s weakness can be attributed to scalpers and market makers trying to liquidate leveraged longs. However, the trend favors “continuation higher,” meaning BTC should bounce back to $60,000 in the near term. Essentially, if the US central bank cuts interest rates, incentives for fixed-income investments are reduced, and some of this money will seek higher returns elsewhere.

Stocks and gold rallied while Bitcoin price stagnated

Chris Larkin, managing director of trading and investing at E-Trade, told CNBC that the Federal Reserve (Fed) is "one step closer to a September rate cut,” especially after real average hourly earnings for workers slowed 3.9% from the prior year, according to a Bureau of Labor Statistics report. Additionally, the labor force participation rate slightly increased to 62.6% in June from 62.5% in May. According to CNN, slowing wages are a strong incentive for the Fed to begin cutting interest rates.

According to the CME Group’s FedWatch tracker of interest rate futures contracts, traders are now pricing 47% odds of two interest rate cuts in 2024, up from 24% the prior week. Furthermore, Yahoo Finance stated that Fed Chair Jerome Powell is paying closer attention to the employment rate, adding that the central bank “is increasingly aware of the risks posed by a cooling labor market.”

Despite data pointing to higher odds of rate cuts, with consensus surpassing 90% odds of at least one 0.25% rate cut by September, Bitcoin’s price remains pegged below $60,000. Meanwhile, the S&P 500 stock market index is 0.5% below its all-time high, and gold, the market’s preferred store of value, is trading 1.2% below its $2,450 record high from May 2024. Even the Russell 2000 small cap index, which excludes the 1000 largest US-listed companies, rose 3% on July 11.

Given the constructive view of traditional finance, investors struggle to find explanations for Bitcoin’s lack of bullishness. This decoupling is especially worrisome given that spot Bitcoin exchange-traded funds (ETFs) captured $800 million in inflows over the past four trading days, as per Farside Investors’ data.

To make things worse, the DXY index, which measures the US dollar against a basket of foreign currencies, declined to its lowest level in five weeks at 104.4. This suggests investors are not seeking shelter in cash positions, which could partially explain Bitcoin’s bearishness.

US Dollar Index (DXY). Source: TradingView

German government BTC sale, miner’s profitability and fear of recession

Bitcoin’s underperformance can be attributed to three factors. The first is the FUD stemming from the ongoing sale by the German government. Nearly 50,000 BTC, originally seized from a 2013 pirated movie website, are being disposed of by authorities, either being sent to exchanges or known market makers. According to Arkham Intelligence, there are now fewer than 5,000 BTC left for sale.

Another source of uncertainty comes from Bitcoin miners. The 50% cut in block subsidies from April’s halving is forcing some miners to sell their holdings. According to a CryptoQuant report, “large-size miners have sold about $300M since June 20, while mid-size miners have unloaded around $500M on a cost basis.”

Lastly, traders fear that the weakness in real estate markets, especially in China, will deter global economic growth. If corporate earnings disappoint in the second half of 2024, investors will likely seek protection in cash positions, which is detrimental for risk-on assets, including Bitcoin. These combined factors explain why Bitcoin has failed to reclaim the $60,000 support level despite a favorable macroeconomic environment.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The German state of Saxony is quickly running out of bitcoin {{BTC}} to sell after moving another batch of its confiscated assets to crypto exchanges and brokers on Thursday.

Bitcoin wallets linked to the German authorities transferred a total of 10,567 BTC worth over $600 million in multiple batches during the day to crypto exchanges Bitstamp, Coinbase, Kraken and other service providers such as Flow Traders and Cumberland DRW, blockchain data by Arkham Intelligence shows.

After today's transactions, the wallets linked to the authorities held only 4,925 BTC worth $285 million at current prices, down from the 50,000 BTC worth nearly $3 billion since they started selling the assets three weeks ago.

This means that Germany's bitcoin selling spree could be over as soon as Friday or early next week at the current pace, given that the wallets unloaded roughly 35,000 BTC so far this week.

Read more: It's Not Germany Selling Bitcoin. It's One of Its States and It Has No Choice.

The tally could change in the later hours because of the wallet's odd practice of receiving a part of the transferred assets, at times in the $10 million range, back from exchanges and brokers before the end of the day. (Greg Cipolaro, the head of research at digital asset manager NYDIG , called the on-chain activity "perplexing" in a Wednesday note.)

The looming finish of Germany's $3 billion selling spree could allay crypto investors' fears, who have been fixated on the on-chain movements of large potential sellers on the market over the past few weeks, tying the recent downturn in asset prices to concerns over supply overhang.

Bitcoin's 15% correction over the past month coincided with the U.S. government, which holds over $12 billion in seized bitcoin, moving $240 million worth of Silk Road-related BTC to Coinbase and the estate of the defunct Japanese exchange Mt. Gox starting repayments of 140,000 BTC to creditors this month, who might want to cash out after ten years of waiting.

Fears about the looming sell pressure may have been overblown, NYDIG's Cipolaro said in a report, with bitcoin's decline exceeding the price impact if all the potential selling materializes.

The post Another Crypto Victory: SEC Finally Drops Paxos Investigation appeared first on Coinpedia Fintech News

Paxos has been freed from SEC investigation. Even though we are in a bull market, it feels like a bear market due to many crypto negative events. In such times, even the smallest positive news brings a lot of relief. Everyone knows how the SEC is waging a war against crypto, but this time their decision shocked everyone.

A surprising piece of news is that the SEC has ended its investigation against Paxos. A year ago, the SEC sent a Wells notice to Paxos, a stablecoin issuer, which made it seem like enforcement action would follow. The investigation was related to BUSD, a Binance-backed stablecoin issued by Paxos. The SEC claimed that BUSD was a security, which they say about most cryptocurrencies. And people are well aware of the viewpoint of Gary Gensler, the chairperson of SEC, in regards to cryptocurrencies.

Another Win for Crypto

Recently, the SEC faced a partial defeat in the Binance case. Judge Amy Berman dismissed some points from the SEC’s case against Binance. On July 9, Jorge Tenreiro, the acting chief of the crypto assets and cyber unit, told Paxos he had no intention of recommending enforcement action against them. While the current administration doesn’t seem interested in building proper regulations for crypto, the SEC’s step will create positive sentiment in the crypto world.

Comments from Paxos

Walter Hesserts, Paxos’s strategy head, said the formal termination of the investigation greatly relieved the company and was expected. He hopes this event will bring some stability to the market. The SEC hasn’t commented on this whole event.

Experts believe that some federal judges gradually ruling in favor of crypto and the SEC softening its stance are laying the foundation for the future of crypto. Right now, all crypto enthusiasts are looking forward to the upcoming US election, hoping that if a crypto-supporting administration comes to power, it will greatly support the growth of the crypto ecosystem.

Fears over the German government’s ongoing liquidation of seized Bitcoin has ignited a 25% drop from its highs.

But Jan Sell, managing director of Coinbase Germany, says not to panic.

Selling “isn’t a particularly anti-crypto move,” he said in an interview with DL News. “It’s not an investment for them. It’s like, if they impound a car or something from people, then at some point they need to get rid of it.”

In January, Germany’s central criminal investigation agency seized 50,000 Bitcoin from Movie2k.to, a film piracy website found guilty of money laundering and other illegal activities.

The German government has transferred 40,000 Bitcoin, valued at around $2.3 billion, to various crypto exchanges — including Coinbase.

Sell said that the Bitcoin Coinbase has sold on behalf of the German government is “not a huge amount,” in terms of the volume the exchange generally sees.

He revealed that Michael Saylor’s MicroStrategy — which holds about $13 billion in Bitcoin — has bought “similar kinds of volumes” over a single weekend.

Still, the selling has certainly shaken investors.

The Crypto Fear and Greed Index, a measure of market sentiment, fell to 26 out of 100 — its lowest reading since January 2023.

And Germany isn’t the only country sitting on confiscated Bitcoin.

Onchain data compiled by Arkham Intelligence shows the US government holds over $13 billion of seized Bitcoin, while authorities in the UK hold around $3.6 billion.

Governments have previously sold confiscated crypto directly to buyers at auction. But for larger amounts it’s not easy to find bidders, leaving them no alternative but to sell the crypto on the open market.

The worry among investors is that if more governments decide to cash in their confiscated crypto, it could rock the market further.

‘Other big sales’

Since the German government started selling its Bitcoin on June 19, the top cryptocurrency has struggled to recover.

Sell said he doesn’t think the German government’s selling is wholly responsible for the drop, though.

“There’s a few other big sales going on at the moment,” he said without elaborating.

One worry is the distribution of Bitcoin from Mt. Gox, the Japanese crypto exchange that was hacked in 2014.

The defunct exchange is expected to return over 140,000 Bitcoin, worth some $8 billion, to victims this month.

Many recipients are expected to cash out.

Since Mt. Gox suspended trading over 10 years ago, Bitcoin has risen over 10,000%.

Tim Craig is a DeFi Correspondent at DL News. Got a tip? Email him at tim@dlnews.com.

In an analysis shared via X and YouTube, crypto analyst Matt “The Great Mattsby” Hughes highlighted what could be a historic move for the XRP price, based on the Bollinger Bands indicator. Hughes points to an impending squeeze in XRP’s monthly Bollinger Bands, suggesting a potential spike similar to previous rallies where the cryptocurrency saw massive gains.

Hughes explained via X: “XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that, it shot up 60,000%.” In a YouTube video, the crypto analyst went into more detail, explaining how the XRP price has behaved in the past when the Bollinger Bands have been this tight.

XRP Could Skyrocket To $250

The first instance, according to Hughes, occurred between September 2016 and March 2017. During this period, the XRP price consolidated for several months, causing the Bollinger Bands to tighten dramatically. After this period of consolidation, the XRP price skyrocketed, achieving gains that Hughes estimates to be around 60,000%.

The second time was from December 2020 to April 2021. In this case, XRP rose by around 1,000%. “So it was much less than this period here and simply because it looks like it wasn’t as tight as it was right here [the first time], we can see it was much tighter during the first time,” Hughes explained.

This is the third time. Notably, “is the tightest it has ever been, even tighter than the first time, which suggests that it should explode much higher than previous cycles,” he said.

The Bollinger Bands are a technical analysis tool defined by a set of trendlines two standard deviations (positive and negative) away from a simple moving average (SMA) of a security’s price, but can be adjusted to suit the user’s preferences. A narrowing of these bands typically indicates low volatility with the potential for a major bullish or bearish price movement once the bands begin to widen again.

Hughes also examines the duration from the all-time high to the current price, noting that 2,373 days have elapsed. This long period of relative inactivity in price growth, combined with the extreme tightness of the Bollinger Bands, forms the basis of his prediction of an imminent significant move higher.

“It’s the tightest in its history as well so that just kind of proves to me that there is going to be a move sometime in the near future. I’m not sure when but sometime, we can see that this is looking more and more like it wants to break out,” Hughes remarked.

In addition to the technical perspective, he also discussed XRP’s price performance relative to its 20-month moving average. He notes that, similar to previous patterns, XRP has spent a considerable amount of time below this moving average prior to significant rallies.

In both previous instances, XRP’s breakout was preceded by a period below this moving average, followed by a breakout that began after testing the bottom of the Bollinger Band. Notably, the price of XRP hasn’t yet tested the bottom of the Bollinger band. Therefore, Hughes speculates about a potential price drop as a “final flush out”, possibly down to the $0.30 area before a potential breakout.

Such a move would be in line with previous cycles where a test of the lower Bollinger Band has led to strong rallies. “So there is a possibility that the price could come down to test it. Maybe one last flush out maybe down into the $0.30s, we don’t know but if that’s the case then that’s just more confluence of the previous cycles that price can still just break out,” he concluded.

By the way, if history were to repeat itself and XRP were to increase by 62,000%, it would reach a price of $250.

At press time, XRP traded at $0.44574.

Source: NewsBTC.com

The post XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst appeared first on Crypto Breaking News.

Many struggle to begin in crypto without funds.
Here're all steps I would follow if I had to start from $0🧵👇

➮ But, before we start...
don't forget to follow me @Crypto PM to not miss my future Content.
2/➮ If u're starting with empty pockets, here're 2 key points:
☩ Take risks.
☩ Go to places with no competition
☩ If u just wanna buy a coin and become a millionaire, it's better not to get into crypto, you'll lose money.
3/➮ Go to places with no competition
☩ Wealth lies in the unknown.
☩ To turn 3-5 figures into something significant, u have to constantly search and evolve.
☩ Biggest profits come from areas that are not currently hyped but might become so in near future.

4/➮ Take risks
☩ Once u have found niche and mastered it thoroughly, it's time to take risks.
☩ But this doesn't mean you should spend all ur money on random meme coin , hoping it will grow.
☩ Justified risk doesn't involve blind hope

5/➮ Now let's move on to specific areas where I see potential
But here're 2 things u should NOT do:
☩ Trading with leverage
☩ Buying coins with a large market cap
☩ It will take years and a lot of money before u become a profitable trader.

➮ 3 approaches to making money with minimal starting funds
1/➮ Meme coins
☩ Despite inactive market, next boom will happen very soon
☩ Memes are most hyped niche right now, where you can make 50x, 100x and even 1000x with minimal skills.
➮ PumpFun
☩ This is the niche of meme coins that I would focus on.
☩ Even though most of the coins will turn out to be scams,
☩ If u dedicate enough time and stay in the market 24/7, you have a good chance of spotting the next 100x gem.

2/➮ Airdrop Farming
☩ Judging by the recent $ZRO & $ZK, the key rule is to farm airdrops that few people are aware of.
☩ Here're some tips for discovering new airdrops that aren't widely known👇

➮ Research all project socials
☩ You won't always find airdrop info on X
☩ Check Discord and TG instead and read the chat discussions, all the info you need is there
☩ Also remember: protocols often deny airdrops due to legal consequences
3/➮ Crypto jobs in web3
☩ Best ways to earn ur first money while learning crypto is to get a web3 job.
☩ Many companies are looking for ppl to help develop their projects.

➮ It's best to choose companies that are planning to launch a token.
☩ Mostly, u work remotely & anonymously, which is a great way to start
☩ Salary is paid in crypto or tokens, depending on the project.
➮ Your primary goal is to identify your strengths and persistently knock on doors until one opens.
☩ In crypto, what truly counts is your knowledge, not degrees or other formal qualifications.

THAT'S IT FOR TODAY...
Follow me @Crypto PM
I hope you found this research helpful
Smash a Like and SAVE, so you won't lose it.

#Whale.Alert #WhaleAlert #cryptopm #BullRunAhead #100xgems

In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month. 

Bitcoin Reserves On The Brink Of Exhaustion

The selling spree began last month when the German government initiated the sale of seized Bitcoin from a wallet operated by the country’s Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA). 

The BKA sold 900 BTC in June valued at around $52 million at the time, which were part of a massive haul seized from a now-defunct movie piracy website. Subsequently, the government sold an additional 3,000 BTC worth approximately $172 million, followed by another sale of 2,739 BTC, equivalent to $155 million this week.

Adding to these figures, the latest data from blockchain analytics firm Arkham reveals that the German government’s wallet sold over 5,000 BTC on Wednesday, leaving just 15,552 BTC in its stash worth around $892 million, representing a sell-off of more than 80% of their entire stash of 50,000 BTC seized. 

Price Remains Steady As BlackRock Steps In

Despite the significant sell-off, Bitcoin has managed to maintain its price above the crucial 6-month support level of $50,000, signaling resilience in the face of the massive selling pressure witnessed in the market over the past 30 days. 

Furthermore, the recent pullback from all-time high levels has been viewed by many investors, including institutional asset managers, as a buying opportunity, contributing to the slight recovery in Bitcoin prices over the past few days. Akrham even stated in a social media post, “The German government is selling, but Blackrock is buying. 

Recent data shows that on Wednesday, the Bitcoin ETF market activity has seen a net addition of 4,862 BTC valued at $281 million, mitigating the impact of the daily sell-off by the German authorities. 

BlackRock for instance, one of the largest ETF issuer by assets under management,  increased its BTC holdings today by 2,095 BTC (worth $121.16 million), bringing its total holdings to 312,565 BTC worth $18.08 billion, playing a significant role in stabilizing and supporting the Bitcoin price. 

At the time of writing, the largest cryptocurrency on the market is trading at $57,430, almost unchanged from Tuesday’s price with a slight drop of 0.4% in the last 24 hours. Nevertheless, BTC still records a price drop of over 22% from its all-time high of $73,700 reached in mid-March. 

Featured image from DALL-E, chart from TradingView.com 

Source: NewsBTC.com

The post German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind appeared first on Crypto Breaking News.

TL;DR

Ripple has achieved significant partial legal victories in its ongoing battle with the SEC throughout 2023.

The potential penalty remains disputed, with the SEC proposing $102.6 million and the company arguing for a maximum of $10 million.

Filing After Filing

The legal spat between Ripple and the US Securities and Exchange Commission (SEC) continues to be among the most intriguing topics in the crypto space. It dates back to December 2020 when the regulator sued the company, accusing it of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.

The parties fired numerous shots at each other in the following years, with the advantage going from one side to the other. According to some industry participants, Ripple currently has the upper hand after securing three vital (yet partial) court wins.

In July last year, Judge Torres ruled that the firm’s programmatic sales to secondary trading platforms do not constitute offers of investment contracts. The decision was followed by a bull run for XRP, whose price shot by over 70% in the span of 24 hours.

The magistrates later dismissed the SEC’s intentions to appeal the ruling, while Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all charges brought by the agency.

The case entered its trial phase in April this year, but instead of a final agreement, it offered additional confrontation. Ripple recently pointed to Judge Amy Jackson’s decision to dismiss the SEC’s claims that secondary market sales of Binance’s BNB token constituted securities transactions.

The company’s defense filed a Notice of Supplemental Authority, arguing that the ruling supports its case that the alleged illegal sales of XRP do not warrant “harsh remedies.”

The Commission was quick to react, filing an official response on July 3. It maintained that the case against Binance is “wholly irrelevant” to the one against Ripple.

The Possible Penalty

Ripple’s potential fine has become another bone of contention in the lawsuit. The SEC initially sought a staggering $2 billion penalty, while the company insisted on a sum no larger than $10 million.

Ripple compared the lawsuit with the one between the watchdog and Terraform Labs, saying direct allegations of fraud were only evident in the one against the defunct crypto company. 

Shortly after, the SEC softened its tone, proposing a $102.6 million penalty:

“Ripple avoids comparing the Terraform settlement’s penalty to the gross profit of the violative conduct. That ratio ($420 million/$3.587 billion) is significantly higher: 11.7%. Applying it to the $876.3 million in gross profits, the SEC here asks the court to disgorge, which results in a much larger figure, a $102.6 million penalty, than the $10 million ceiling Ripple insists on.”

Is a Resolution Incoming?

Even though the case is in its final stage, an outcome might be prolonged indefinitely due to the complexity of the legal process and possible appeals from both sides. 

However, some optimists believe an agreement might occur in the following weeks. One example is the American attorney Fred Rispoli. He outlined July 31 as a possible date, predicting the resolution would include a penalty of no more than $25 million for Ripple and $0 disgorgement.

“Judge rules all sales she deemed illegal are permanently enjoined, and rules all the “new” contracts referenced by Ripple are not properly before her, so SEC will have to sue again if it believes these violate her ruling,” the lawyer envisioned.

The post Ripple v SEC Lawsuit Update July 11 appeared first on CryptoPotato.

What Are Nodes in Crypto?
A crypto node is a computer or server that connects to a blockchain network, playing an important role in maintaining the network’s integrity, security, and functionality. Nodes store, spread, and preserve the blockchain’s data, ensuring its continuity and the decentralized nature of the ledger. Below, I will take a closer look at what are nodes in crypto, their primary functions, node types, and how to set up your own crypto node.
Crypto Nodes: Summary
Crypto nodes are essential computers or servers connected to a blockchain network, crucial for maintaining the network’s functionality, security, and integrity.Nodes store, spread, and preserve blockchain data, ensuring the continuity of the ledger and facilitating the decentralized nature of the blockchain, thus eliminating risks associated with central control.Nodes operate on a peer-to-peer basis within the blockchain network, ensuring all data, like transactions and newly mined blocks, are accurately and consistently updated across all copies of the blockchain.Nodes perform critical functions such as validating new transactions through cryptographic checks and following consensus mechanisms to agree on the blockchain’s current state, ensuring uniformity and preventing fraud.Common types of nodes include full nodes, light nodes, mining nodes, archival nodes, and validator nodes, each playing unique roles in enhancing and securing blockchain networks by validating, storing, or processing blockchain transactions.
What Is a Crypto Node?
A crypto node refers to a computer or server that connects to a blockchain network and plays a crucial role in maintaining the network’s functionality, security, and integrity. These nodes store, spread, and preserve the blockchain data, thereby ensuring the continuity and decentralized nature of the ledger.

In blockchain networks, nodes serve as the foundation that allows various technologies and applications to operate securely and transparently. Each node on the network holds a copy of the entire blockchain or a significant part of it and works in unison with other nodes to maintain a consistent state of the ledger. Through nodes, the blockchain achieves its decentralized nature, as they are spread across the globe and operated by different individuals or organizations, removing the risk of central control or single points of failure.
How Do Crypto Nodes Work?
Crypto nodes operate on a peer-to-peer network, forming the backbone of blockchain networks. Each node communicates with others to transmit information such as transaction data and newly mined blocks, ensuring the blockchain’s accuracy and up-to-date status across all copies. Here’s how different types of nodes contribute to the network:
Consensus Mechanism: Nodes follow a consensus mechanism, a set of rules and processes through which all the nodes agree on the current state of the blockchain. This mechanism prevents fraud and ensures that each copy of the blockchain is identical across every node.Transaction Validation: When a new transaction is made, it is broadcast to the network where nodes perform checks against previous transactions to confirm its validity using cryptographic techniques.Block Propagation: Mining nodes, after successfully creating a new block, broadcast this block to the network. Full nodes then verify the block according to the blockchain’s rules and, upon validation, add it to their version of the blockchain.
Why Are Blockchain Nodes Needed?
Nodes are fundamental to the function and security of blockchain networks. They ensure the decentralization of the network, where no single entity has control over the entire blockchain. Here are the primary reasons why nodes are indispensable:
Decentralization: By hosting and updating copies of the blockchain independently, nodes ensure that the network remains decentralized, removing any single point of failure and making the system more resilient against attacks.Security: Nodes help secure the blockchain by constantly verifying the blocks and transactions according to the consensus rules. This collective verification prevents the double-spending problem and ensures that no invalid transactions are recorded on the blockchain.Transparency and Trust: Every transaction on the blockchain is verified by multiple nodes, which ensures its correctness and immutability. This process builds trust among users and enhances transparency, as every action taken on the network is publicly verifiable.
To summarize, crypto nodes are essential for the operation, security, and integrity of blockchain networks. By participating in the consensus mechanism and validating new transactions and blocks, nodes help maintain the blockchain as a trustworthy and decentralized ledger. Light nodes, mining nodes, and full nodes each play specific roles that ensure the blockchain remains efficient and scalable while requiring varying degrees of storage space and computational power.
Types of Crypto Nodes
Each type of node plays a unique role in enhancing and securing blockchain networks, ensuring their smooth operation and the integrity of the blockchain data. Whether through validating, storing, or processing blockchain transactions, these nodes collectively maintain the decentralized and distributed nature of blockchain technology.
Here are some of the major types of blockchain nodes used by various cryptocurrencies.
Full Nodes
Full Nodes are the most robust type of nodes in blockchain networks: they maintain a complete and up-to-date copy of the entire blockchain ledger. These nodes independently verify all transactions and blocks against the blockchain’s rules, a process crucial for securing the network and preventing fraud. Full nodes play a vital role in the consensus process, as their comprehensive verification of the blockchain ensures that only valid transactions are confirmed and added to the blockchain. Operating a full node requires significant storage space and bandwidth, as it involves processing large amounts of data to keep the blockchain accurate and consistent.
Light Nodes
Light Nodes, also known as SPV (Simplified Payment Verification) or lightweight nodes, require less storage space than full nodes, making them ideal for personal computers and mobile devices. Light nodes do not store the entire blockchain. Instead, they download only the block headers—small chunks of data that contain a summary of each block. This allows light nodes to verify the authenticity of transactions without complete information contained in full blocks. By querying full nodes (that do store the entire ledger) for specific transaction data, light nodes can confirm transaction validity efficiently and participate in the network with minimal resource usage.
Mining Nodes
Mining Nodes are specialized nodes that create new blocks in the blockchain through the process known as mining. Mining involves solving complex cryptographic puzzles to discover a new block, which is then added to the blockchain. These nodes perform this crucial function by bundling unconfirmed transactions into a block and then attempting to generate an acceptable hash for the block that meets the network’s difficulty criteria. Mining nodes are critical for processing and confirming transactions, adding them to the blockchain, and generating new coins. Not all mining nodes necessarily maintain a full copy of the blockchain, but they must engage in intensive computational operations to support the network.
Archival Nodes
Archival Nodes serve as historical record-keepers for blockchain networks. Unlike full nodes, which only need to keep the most recent states of the blockchain to verify transactions, archival nodes store the entire history of the blockchain transactions without pruning any data. This type of node is crucial for network participants who need access to the entire blockchain history for purposes such as complex data analysis, auditing, or the restoration of a node’s state. Archival nodes require significant storage capacity as they accumulate more data over time.
Validator Nodes
Validator Nodes are a key component in blockchain networks that use a proof-of-stake (PoS) consensus mechanism. These nodes are responsible for validating transactions and blocks, ensuring they adhere to the network rules. Validator nodes are selected based on the amount of cryptocurrency they hold and are willing to “stake” as collateral. In return for their services and the risks they take (including the potential for penalties if they approve fraudulent transactions), validator nodes receive transaction fees and block rewards. Their role is pivotal in maintaining the network’s security and integrity without the high energy consumption associated with mining nodes.
Authority Nodes
Authority Nodes are specialized nodes found primarily in private or consortium blockchain networks. They maintain a comprehensive and authoritative copy of the blockchain ledger and have the exclusive right to validate and approve transactions. These nodes are typically operated by selected organizations or entities that have been granted special privileges due to their significant stake or trust within the network.
How to Set Up a Crypto Node
The crypto node setup process can vary slightly depending on whether one is setting up a full node, light node, or joining mining pools. Here’s a general guide to help you set up and run crypto nodes.
Choose the Type of Node: Decide if you want to run a full node, light node, miner node, or another type based on your resources and the role you want to play in the blockchain network. Full nodes require considerable storage space and bandwidth to handle the entire blockchain, while light nodes are less resource-intensive.Hardware Requirements: Ensure you have the necessary hardware. For a full node, this typically includes a reliable computer with a powerful processor, sufficient RAM (at least 8GB), and substantial hard drive space (1TB or more is recommended to accommodate the blockchain’s growth). High-speed internet with no data cap is also crucial, as nodes need to be online 24/7.Download Blockchain Software: Choose and download the appropriate blockchain client from the official website of the cryptocurrency. This software is responsible for executing the consensus algorithm and enabling your computer to act as a node. Make sure to download the latest version to keep up with network updates and improvements.Sync the Blockchain: After installing the software, the next major step is to sync your node with the blockchain. This involves downloading and verifying all previous transactions in the blockchain’s history, which can take several days for full nodes due to the size of the blockchain.Connect & Configure Your Node: Configure the node software to start automatically and ensure it is properly connected to other nodes in the network. You might need to configure your router to forward certain ports to your node’s computer. It’s essential that your node is reachable by other nodes to fully participate in the decentralized network.Join a Mining Pool (if applicable): If you are setting up a mining node and choose to join a mining pool, at this stage, you will register with the pool and configure your mining software to connect to the pool’s server. Mining pools allow individual miners to combine their computational power to increase their chances of mining a block and earning rewards.Maintain & Monitor: Regularly check and maintain your node. Updates to the node software are common, and staying updated is critical to the security and efficiency of the blockchain network. Monitoring tools can help you keep an eye on your node’s performance and connectivity.
By following these steps, you become a part of the blockchain’s decentralized nature, contributing to its security and robustness. Node operators play a vital role in the blockchain ecosystem, ensuring the integrity and continuity of the decentralized network without the oversight of a central authority.
Why Set Up a Crypto Node?
That’s all good and great, but why would an average investor even care about crypto nodes and consider getting one themselves? Well, here are some reasons why setting up a crypto node can be advantageous for investors:
Enhanced Security and Verification: By running a node, investors can independently verify transactions on the blockchain without relying on third-party services. This introduces an additional layer of security, as they can ensure that their outgoing and incoming transactions are legitimate and properly recorded on the blockchain.Direct Participation in Governance: Certain blockchain networks allow node operators to participate in governance. For investors, this can mean direct influence over decisions like protocol updates, changes to the consensus algorithm, or other important aspects that could affect the asset’s value and operation.Improved Privacy and Control: Operating a node offers greater privacy since the investor does not have to expose their transactions to third-party nodes for propagation or verification. This control extends to transaction data, which remains more confidential.Access to Real-Time Data: Running a full node gives an investor access to real-time blockchain data, which can be a critical asset for making informed investment decisions. This immediate access to new transactions and blocks allows traders to react more quickly to market movements.Potential Earning Opportunities: Depending on the blockchain, nodes might also earn transaction fees or rewards for their participation in the network, particularly in systems using a proof-of-stake (PoS) consensus mechanism. This can offer an additional income stream beyond potential capital gains from their investments.Contribution to Network Health and Decentralization: By running a node, investors contribute to the decentralization and overall health of the blockchain network. This strengthens the network’s resilience against attacks and centralization, ultimately supporting the long-term stability and reliability of their investment.

https://x.com/0xCryptoMakki/status/1809980008527708537

Notcoin has recently captured the attention of traders and investors alike. This token, which originated as a popular game on the messaging platform Telegram, has been experiencing fluctuations in its market performance, particularly in the last 24 hours following a minor market rebound. 

Currently, Notcoin’s price is slightly above $0.016, with a reported increase of approximately 2.38% during the European trading session, positioning its value at $0.01614.

Notcoin’s Surprising Rise Amid Market Volatility

Even with this improvement, the bigger picture shows that Notcoin is facing additional turbulence at the moment. As to the most recent data available on CoinMarketCap, the token currently has a market valuation of $1.6 billion.

Nonetheless, trading volume has decreased significantly, down 44% to $502 million presently. The general decline in the cryptocurrency market, which has been characterized by high volatility impacting a variety of digital currencies, is concomitant with this decline in trading activity.

Notcoin’s value has dropped by 14% in the last month compared to its June 2nd all-time high (ATH) of $0.02896. Over the past week, the token has shown resilience in the face of these difficulties, rising 14% and ranging between $0.009 and $0.017.

Source: CryptoRank

This comeback implies that Notcoin is making an effort to stabilize despite the continuous volatility of the market.

The token had a great start to the week and gained more traction throughout the weekend. Notcoin’s value rose 15% from Friday to Sunday, peaking at $0.01712 from an initial price of $0.00912. However, the token encountered strong opposition at this price, preventing further rises.

A conflicting picture of Notcoin’s future trajectory may be seen in its technical analysis. The Relative Strength Index (RSI) on the 4-hour charts is at 59, suggesting a marginally positive momentum without going over the 70-point overbought threshold.

A slowdown in buying activity is shown by the Moving Average Convergence Divergence (MACD), which shows a cautious signal as the MACD line approaches the signal line and a histogram with shrinking positive bars.

In addition, late June saw the Awesome Oscillator (AO) go from negative to positive territory, signaling a rise in purchasing pressure. The Average Directional Index (ADX), which is at 52, suggests that there may be a chance for the market to rebound despite recent volatility.

Market Sentiment Suggests a Bullish Trend for Notcoin 

Notcoin appears to be leveling off and possibly preparing for a bullish surge. The continuous upward trend may cause Notcoin to cross the $0.017 barrier, perhaps aiming for $0.035 and perhaps even rising as high as $0.050 anytime soon.

Conversely, in the event that the market environment weakens, Notcoin is expected to level off at $0.016. Its value might be brought closer to $0.012 by a more severe market decline, illustrating how unstable the cryptocurrency space is. Notcoin may go to as low as $0.01 in more dire market circumstances.

Surprisingly, its recent performance has established it as the second quarter’s top launch, surpassing other well-known tokens such as Wormhole (W), zkSync (ZK), and Ethena (ENA). Notcoin is probably positioned for long-term success in the upcoming quarters given its novelty in the market.

Game Changer: Notcoin’s Transition to Explore-to-Earn Model

Being among the pioneers of the play-to-earn market, Notcoin is well-positioned to drive up its value by converting to an explore-to-earn model, which would reward users for engaging in new and creative ways with the network.

Notcoin Explore: now open for projectsThe platform for launching Web3 projects in Telegram has emerged. pic.twitter.com/8XaNOW7b8w

— Notcoin Ø (@thenotcoin) July 5, 2024

With all of these factors in place, Notcoin is well-positioned to see further gains in the near future, particularly if the market starts to show signs of life later this month.

Not only are rate cuts expected this fall, but the first Ethereum ETFs will soon be introduced, which will lend even more bullishness to the market.

In light of these developments, it is highly likely that Notcoin’s price will reach $0.020 again by August; in the ideal scenario, it might even go higher.

The post Notcoin (NOT) Price Prediction July 2024 – Can Notcoin Make You Rich by Month’s End? appeared first on Coinfomania.

Wall Street analysts predict XRP could surge to $8,033 due to XRP Ledger expansion.

The CTF Token, a DeFi token on XRPL, may rise to over $1,497 despite its $40 billion market cap.

XRP’s ambitious price target reflects confidence in its future, driven by trillions in transactions on the XRP Ledger.

Wall Street analysts have made a bold forecast by predicting that XRP could skyrocket to $8,033. This projection is based on the anticipated expansion of the XRP Ledger. The ledger is expected to handle transactions worth $30 to $50 trillion by 2025. This massive transaction volume could shift to the CTF Token, the primary DeFi token on the XRPL.

Wall Street Predicts #XRP priced at $8,033!!The XRP Ledger is projected to manage $30 to $50 trillion by 2025, with transactions likely shifting to the CTF Token, the main DeFi token on the #XRPL.Currently priced at $1.16 after a 20% increase, the #CTF Token is expected to… pic.twitter.com/Pfd8MoDDxW

— 25hoursawake (@25hoursawake) July 9, 2024

The spotlight is also on the CTF Token although XRP is also gaining attention with its ambitious price prediction. Recently, the price of the CTF Token increased by 20% to reach$1.16. Despite a relatively modest market cap of $40 billion, analysts anticipate the CTF Token to soar to over $1,497. The CTF Token’s growth potential lies in its integration within the XRP Ledger. 

Analysts believe that the CTF Token’s current market cap significantly underestimates its future value. The expected surge in transactions on the XRP Ledger could catapult the CTF Token to new heights.

The prediction of XRP reaching $8,033 has captured the attention of both investors and crypto enthusiasts. This price target is not just ambitious but also indicative of the growing confidence in XRP’s future. 

The XRP Ledger’s capability to handle trillions in transactions underpins this optimistic outlook. As more transactions move to the CTF Token, its demand and value are expected to rise, reflecting the overall growth of the XRP ecosystem.

With the anticipated transaction volumes, the CTF token is poised for substantial gains. The projected price of over $1,497, while impressive, might be just a stepping stone in its upward trajectory.

Read Also 

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These Altcoins Can Make You a Millionaire in 2024 With Only $1k Investment Today

Ledger Launches Its New Ledger Stax Wallet

The post XRP Poised for Explosive Growth Amid Million-Dollar Prediction, XRP to $8,000? appeared first on Crypto News Land.

I asked you to buy $BTC in the $16-20k range.
Now I'm observing the same pattern as before.
I've spent plenty of time analyzing the pattern, and I was shocked by the results.
🧵👇

I'm sharing my knowledge with you so you can stay ahead of the curve.
Follow me @Crypto PM to ensure you don't miss any important updates.
First of all, let's check the market sentiment.
The market is in the fear stage.
There's plenty of information noise scaring people: Mt. Gox, Germany, interest rates.

Broski, today is WEDNESDAY and we are pumping.
While Germany is still dumping their BTC, Mt. Gox will still make their payments, and interest rates remain the same.
Remember, information is always manipulated to justify a dump or pump.
The market is cyclical.
Bitcoin tends to have major bull runs every 3-4 years (e.g., 2013, 2017, and 2021).
We might anticipate the next major peak around 2024-2025.

This cycle is different.
BTC ETF was approved and big investors entered the market. The source of money is different.
Moreover, BlackRock launched their tokenized fund.

Spot ETF and Coinbase OTC now make up half of the BTC trading volume.
While CEX spot has very low liquidity.

I'm not a big fan of TA, but I find Wyckoff's logic good.
The Wyckoff method is based on supply and demand, on cause and effect.

According to Wyckoff, during 2022-2023, we were in an accumulation phase.
This phase was successfully completed, followed by a rally.

As we know, after accumulation, there is always distribution.
It looks like ETF approval and CB OTC were great moments for BTC distribution.
The daily chart looks very convincing.

But if this structure is going to break, then we have a $45-55k zone without trading volume.
Which sounds logical to give some trading volume at this range.
The weekly chart looks like we are waiting for signs of weakness (SOW).

I'm feeling comfortable with my bags at these levels.
Anyway, all current investments can only be done on a short-term basis.
Good entry points for hodling were in the $16-22k range when we realized the accumulation was happening.
This Article is not financial advice. DYOR.
That's it for today..

#BTC_Bounce_Back_to_57k #BullMarket2025 #WhaleAlert #Whale.Alert #cryptopm

TON and Polygon Labs Collaborate to Bring EVM Functionality Through New TON L2

The TON Application Chain (TAC) and Polygon Labs have announced a significant collaboration to introduce Ethereum Virtual Machine (EVM) functionality to the TON ecosystem. The integration, revealed on July 9, involves the TON L2 incorporating Polygon CDK and the interoperability protocol Agglayer. This move aims to enable EVM-compatible decentralized applications (DApps) on TAC, expanding the range of services available to TON users, including decentralized finance (DeFi), gaming, and identity solutions.

TAC is described as a layer-2 network built on TON, designed to bring EVM-based decentralized applications to both TON and Telegram users. The founding team of TAC includes notable figures such as Curve founder Michael Egerov and the team behind The Open Protocol (TOP), which provides crypto wallet functionality within the Telegram app. Looking ahead, Pavel Altukhov, CEO of TAC, mentioned that TAC is planning to raise an additional $5 million in an external funding round.

Altukhov explained that the introduction of EVM compatibility is a game-changer for the TON Network. He highlighted that this will remove barriers for users and expects a surge in interest for DeFi and GameFi applications post-integration. He also mentioned the recent integration of USDT on TON and the rise of Tap-to-Earn applications, particularly through a project called Notcoin. "The expansion of the mini apps ecosystem has driven the growth of 5.8 million monthly active on-chain wallets on Telegram. TAC's integration is expected to amplify this demand further," he added.

With applications like Wallet in Telegram, the EVM-compatible integration will provide Ethereum developers access to Telegram's extensive user base, facilitating the implementation of more real-world crypto applications. Potential use cases include DeFi applications, gaming, and decentralized identity solutions.

A cryptocurrency analyst has recently issued a stark warning for XRP investors, predicting a potential price crash over the next few months to a potential low of $0.07, down from its current $0.4 level.

According to cryptocurrency analyst Ripple Effect, the price of XRP is seeing a breakdown from a multi-year triangle pattern that suggests it’s set for a decisive downward move in the near future.

The analyst uses Elliot Wave Theory a common tool for predicting future market fluctuations.

Ralph Nelson Elliott developed the Elliott Wave theory in the 1920s after he observed and identified “recurring, fractal wave patterns.” These fractal wave patterns are based on the psychology of the masses, with the Elliott Wave theory usually being interpreted based on five waves moving in the direction of a main market trend, which can be bullish or bearish, and by three corrective waves. 

Elliott Wave Theory posits that markets move in five-wave cycles, with three corrective waves following the initial five impulsive waves. XRP, the analyst argues, is currently in the final corrective wave (Wave C) after its peak in early 2018.

Within Wave C, XRP is traversing sub-waves, with the current wave (wave 3) typically associated with significant price movements.

No one is talking about this MASSIVE $XRP triangle breakdown. A weekly close below $0.42 is extremely bearish. $XRP has been in a primary WAVE 2 correction (A-B-C pattern) since the 2018 peak. Currently, WAVE C is unfolding, and we are likely in WAVE 3 or 5. A sharp sell-off is… pic.twitter.com/PzoIEtCfwB

— The_Ripple_Effect (@Ripple_Effect11) July 8, 2024

The analyst outlined several potential price targets, with the most concerning being a drop to $0.07-$0.08. This translates to a staggering decline of over 80% from XRP’s current price level.

The prediction comes shortly after another cryptocurrency analyst suggested  the cryptocurrency could soon see an explosive upward move after identifying similar price patterns throughout XRP’s history, pointing to symmetrical triangle breakouts.

In a post shared on the microblogging platform X (formerly known as Twitter) with his over 40,000 followers, analyst Javon Marks suggested that “something massive can be truly nearing” after pointing to the “way prices are coiling/shaping up combined with where they’ve come from (historical data) and high volume plus an already confirmed Hidden Bullish Divergence.”

Featured image via Unsplash.

It's not the country of Germany that's been selling millions of dollars worth of bitcoin, but a small German state called Saxony.

The state confiscated almost 50,000 BTC in January and has been selling its holdings as per standard practice for assets seized during criminal investigations, an expert said.

For days, news outlets worldwide have reported on Germany's sale of hundreds of millions of dollars worth of bitcoin {{BTC}} and the ensuing distress in markets and major sell-offs in crypto prices.

First, it's not Germany itself that is selling the cryptocurrency. It is a small state in the eastern part of the country called Saxony.

Second, though crypto fans have roasted the decision to dump so much of their beloved bitcoin, Saxony doesn't have a choice.

Earlier this year, the state's Criminal Police Office (known by its German acronym LKA) seized 49,857 bitcoin (worth almost $3 billion at current prices) from the operator of Movie2k.to, a website Saxony found guilty of money laundering and other illegal activities.

About a week ago, a crypto wallet that belongs to the German Federal Criminal Police Office, or BKA, started moving thousands of BTC to exchanges including Kraken, Coinbase and Bitstamp, signaling an intent to sell them. The wallet's bitcoin holdings have dwindled to 23,788.

Reactions on social media have been harsh.

"Germany selling all their #Bitcoin will go down as one of the most retarded things their politicians ever did," one X user wrote.

"Germany's govt officials are literal idiots," another said.

🇩🇪 Imagine selling the hardest money on earth #Bitcoin, for something you can print out of thin air.Germany’s govt officials are literal idiots pic.twitter.com/TlWl3Z585E

— Vivek⚡️ (@Vivek4real_) July 9, 2024

But what's happening in Germany isn't a bad investment strategy – it is merely standard procedure that applies to assets confiscated in criminal investigations, an expert said.

"The general prosecutor's office of Saxony is responsible for liquidating confiscated assets, and the sell-off is hardly surprising," said Dr. Lennart Ante, co-founder and CEO of German-based Blockchain Research Lab. "Seized assets are always liquidated within a certain period. This is a routine business process, although at a larger-than-normal scale."

The reason why the wallet belongs to the country's BKA – not Saxony itself – is probably because the police agency was involved in the initial investigation and had the technical know-how to handle such a large amount of bitcoin, he speculated. However, BKA does not have decision-making power and solely acts on instructions from the state.

In most cases, confiscated assets can only be transferred or sold with the proceeds going to the state budget once a judge rules that the state is allowed to do so, which isn't the case in this particular situation. However, states can request to initiate an emergency sale, which could be issued if the asset's value might quickly lose value or is difficult to store, for example, Ante explained.

"In the case of bitcoin, this could at least be argued on the grounds of volatility," he said.

There is evidence, however, that Saxony is trying to sell too much bitcoin at once. On Tuesday, it received $200 million back from some of the exchanges, indicating that there wasn't enough demand to buy such a huge sum.

Swing traders monitor trends in the market and use technical analysis methods to determine when to enter and leave a trade
Every trading strategy has benefits and drawbacks. The process of trying to make money from market fluctuations that last at least a day and often even several weeks is known as swing trading. Swing trading can be successful and provide an excellent viewpoint for understanding both the short- and long-term moves in the market, provided that losses are contained to manageable levels through the use of stop-loss procedures.

Understanding swing trading
The aim of swing trading is to make profit by purchasing an option or stock at lower prices and selling it later at higher prices. Technical indicators help traders decide whether to buy or sell a stock and if it has momentum. The traders need to act fast to take advantage of these opportunities and boost their prospects of short-term profitability.

However, there is a chance of crashing out, much like surfing. There are instances when the pricing goes wrong and you lose money rather than making it. This is where beginners may find it difficult. It may be demoralizing to lose money, particularly when you are just starting off. Therefore, swing trading has its share of challenges even if it may be a profitable strategy in the stock market. It requires perseverance, practice, and the capacity to tolerate setbacks.

Benefits of swing trading
Here are some advantages of swing trading:
Less time: Intraday traders often need to check on their positions every minute. However, swing trading requires less time to execute and monitor the positions because it has a fixed horizon.
Short-term profits: Swing trading enables investors to make quick and significant gains. It makes it possible by capturing most of the current trend and market fluctuations. It could help investors to make big returns quickly if the trend is upward.
Indicators: Technical and fundamental analysis are two tools used in swing trading. Comparing swing trading to other short-term financial products, swing trading becomes less risky because the established indications are dependable and used by almost all investors.
Flexibility: The reality that swing trading does not place a legal obligation on investors to sell their shares at a predetermined time is one of its biggest advantages. You have the freedom and flexibility to keep the shares for an extended period of time if you are still losing money after your predetermined time horizon. You are not required to sell your holdings at a loss while using swing trading.
Financial goals: Swing trading help investors to accomplish their short-term objectives without having to use their funds to pay for the costs. It provides these investors an opportunity to invest their funds for only a short period and withdraw both the initial investment and any profits they make.

Swing trading strategies
Swing traders monitor trends in the market and use technical analysis methods to determine when to enter and leave a trade. These traders try to capitalise on price changes which decline within the trend. This suggests that one should typically buy at lower prices and sell them at a higher price.
Here are some strategies for swing trading that are apt for investors:
Fibonacci retracement: This is a popular technical analysis method for swing trading. This helps traders to determine the potential levels of support and resistance in an asset’s price movement. This technique is predicated on the notion that an asset will frequently retrace a forecast amount of a large price move before continuing on its trend. Based on mathematical ratios that are obtained from the Fibonacci sequence of numbers, the Fibonacci retracement levels are established. Traders use the Fibonacci retracement levels to a large price move — such as a recent upswing or downtrend — after first identifying the move in order to use the method. These points serve as possible levels of support or resistance where the price of the asset may move in the other direction.

Trend trading: This enables traders to identify and follow a financial asset’s current trend. By placing trades in the trend’s direction, traders using this strategy seek to capitalize on the trend’s momentum. Traders use technical analysis tools like trendlines and moving averages to evaluate if the price of an asset is trending sideways, upward or downward. Traders usually enter a trade in the direction of the trend after seeing it and expect that it continues.

Reversal trading: Reversal trading is a swing trading method that entails spotting possible trend reversals in the price movement of financial assets. By placing trades in the opposite direction of the prior trend, traders using this technique anticipate profiting from the reversal. Technical analysis techniques, such as chart patterns, indicators, or support and resistance levels, are used by traders to spot possible trend reversals. Traders usually enter a trade in the direction of a likely reversal once they see one and expect the price to move further in that direction.
Breakout: Breakout trading is one of the swing trading strategies. It allows traders to identify the possible breaks in a financial asset’s price movement. Traders using this method seek to capitalize on the momentum of the breakout. They can do by placing trades in the breakout’s direction. Technical analysis techniques including trendlines, support and resistance levels, and chart patterns are used by traders to identify possible breakouts. Traders usually enter a trade in the direction of a possible breakout after identifying one and wait for the price to go further in that direction.

Simple moving averages: A popular swing trading strategy is the simple moving average (SMA). It entails using a particular kind of moving average indicator to identify possible buy and sell signals in the movement of a financial asset’s price. The SMA is a technical indicator that determines an asset’s average price over a given time frame. When using this method, traders search for possible trading opportunities. They do so by studying the relationship between the current price and the SMA. For instance, traders using the SMA swing trading technique would search for opportunities to open long positions if the current price of an asset is above the SMA, since this suggests a possible rise. On the other hand, if the current price is below the SMA, traders would search for chances to enter short positions, as this indicates a potential downtrend.

Frequently Asked Questions (FAQs)
1. What are ‘swings’ in swing trading
Swings in swing trading are the price fluctuations that occur with the price of the stocks within the time horizon. It is also defined as the volatility that a stock experiences.
2. Are there any rules to follow in swing trading?
Swing traders frequently go by a few standard guidelines. These are like following market trends, identifying equities that are beating the index, buying liquid stocks, etc.
3. Is swing trading a good strategy?
Yes, swing trading has the potential to be a profitable short-term strategy. But it needs to be supported by basic and technical analysis.
4. What time frame is best for swing trading?
People often use weekly, daily, four-hourly, and one-hourly charts as their timeframes. Many people have believed that adhering to the daily charts is preferable to staying above the one-hour time range. The daily charts facilitate the formation of a consistent practice and provide a strong foundation for success.
5. Do swing traders short sell?
Yes, swing traders often use short selling since it allows them to make money more quickly than they would by going long.

Conclusion
Certainly, the swing trading offers a great scope to earn money quickly. However, one must monitor recent changes in stock prices. And, also any significant news in order to have a better idea of the stocks. Additionally, before you begin trading, always have a well-defined strategy in place.

Michael Saylor left a cryptic message, most likely addressed to the German government, as their selling operations are placing enormous pressure on the market, practically destroying the momentum of Bitcoin and other assets. The translated message says, "Everyone gets Bitcoin at the price he deserves."

The recent operations of the German government's Bitcoin wallet are relevant to the message's background. The German government wallet receives Bitcoin for the first two days in a row at the end of business hours. According to some analysts, this is a buyback following a sale.

BTC/USDT Chart by TradingView

In reality, though, these unsold Bitcoins are being returned to the German government's control wallet. It might seem unusual, but such a large institution might not have enough trust in exchanges and prefer self-custody. A total of 3,073 BTC were added back to the wallet yesterday, bringing the Germans' temporary balance to 27,461, BTC or roughly $1.57 billion.

card

Another Bitcoin discarding is scheduled for today by the German government. The price of Bitcoin and the mood of the market as a whole have both been significantly impacted by this enormous selling pressure. One interpretation of Saylor's message would be a commentary on the state of the market and how the actions of this institution affect it. It is also possible that Saylor is mocking the decision to sell such a large amount of BTC on the market in such a brutal fashion.

It is becoming difficult for Bitcoin to keep up its momentum due to the selling operations that the German government is conducting. This activity highlights the power that institutions and major holders have over the cryptocurrency market, which frequently results in volatility and abrupt price swings. Temporary price reductions brought on by large-scale sales can inspire some people to buy while inciting fear in others.

The post Ripple News: Here’s When XRP Price Is Expected To Rally appeared first on Coinpedia Fintech News

Following the bearish week, the crypto market witnesses a massive altcoin dump. Amidst the crashing altcoins, XRP price broke below the $0.50 psychological mark with an 11% fall last week. XRP fell by 8.44% in July alone, while Bitcoin (BTC) dropped by 8.61%. Despite this, some analysts foresee an imminent market turnaround for XRP if it concludes this month.

What’s really at play?

Timeline for an XRP Price Pump

XRP is currently trading at $0.4354 amidst a bearish trend. The Ripple Effect, a prominent XRP community commentator, identified a crucial technical pattern: a breakdown of a massive triangle in XRP’s price chart. He noted that a weekly close to $0.42 could signal a sharp sell-off. He sets the potential buy targets at $0.12-$0.14 and $0.07-$0.08, calling these levels attractive entry points before an anticipated price pump between 2026 and 2030.

Impact of the Ripple v. SEC Case

Since the case began in 2020, XRP has taken a massive toll on its price regarding whether XRP is a security. A milestone was reached last July when XRP was classified as not a security, bringing optimism to the market. However, the case is now in the remedies phase and could continue until mid-2026, delaying a substantial price pump until the legal uncertainty is resolved. As per the latest update, the jury will conclude the XRP status. 

Mixed Views on Case Resolution

The Ripple Effect suggests the case could drag on until July 2026, impacting XRP’s price timeline. However, Ripple’s CEO, Brad Garlinghouse, predicts the case could conclude by the end of this year, with some industry observers expecting a ruling as early as this month. The case resolution is anticipated to lead to a significant price increase for XRP, emphasizing the importance of investor patience.

Pro-XRP lawyer Fred Rispoli predicts Judge Torres may issue a summary judgment in SEC vs. 

Ripple by month’s end. After 3 years, a resolution is near. Ripple’s recent filing strengthens their case. The XRP community awaits the verdict by 7/31, though Rispoli humorously suggests 7/13. 

Current Scenario

Meanwhile, XRP expects a massive surge in July as the case might close this month. Blockchain tracker WhaleAlert has revealed a substantial transfer of 37.39 million XRP tokens—equivalent to roughly $16.06 million—from a large XRP holder to Bitstamp, a prominent crypto exchange. This large XRP whale dump suggests a waning of bullish sentiment regarding the SEC case settlement.

While the broader crypto market remains down, could be the trigger point for the whale’s move to mitigate potential losses. XRP is trading at $0.4355, reflecting a 0.68% increase over the past 24 hours.

The crypto community eagerly awaits the end of the SEC vs Ripple battle this month.

XRP has been confirmed to be not a security, yet the final showdown is yet to take place.

Attorney Fred Rispoli expects the battle to conclude on July 13 or July 31.

The crypto community eagerly awaits a verdict in the ongoing legal battle between the SEC and Ripple Labs. The status of XRP has already been confirmed as not a security leading to a win for XRP. Yet the battle still continues. 

The SEC initially sought a hefty $2 billion penalty and an injunction prohibiting XRP sales to institutional investors. In contrast, Ripple proposed a much smaller $10 million penalty. 

Pro-crypto lawyer Fred Rispoli predicts the end of the battle on July 13 or July 31.

July 31, although I could see her doing July 13 to be poetic.

— Fred Rispoli (@freddyriz) July 2, 2024

XRP holders expect Ripple to make a massive surge in price value that could push XRP to incredible price highs. In fact, one analyst expects XRP to make a 3853% price surge towards the $17 price high.

Ripple’s Rejection and Market Impact

Ripple rejected the SEC’s offer to lower the proposed penalty to $102.6 million recently. This move could have significant repercussions for both Ripple and XRP. 

The company has already spent over $200 million on legal fees which highlights the high stakes involved. Meanwhile, XRP’s price remains suppressed compared to other major cryptocurrencies like Bitcoin and Ethereum.

Investors are closely watching Judge Analisa Torres’s ruling. If she rules A favorable ruling could set a precedent and limit unfair actions against crypto firms. Conversely, an unfavorable ruling may further dampen XRP’s prospects. 

XRP Price Outlook

Despite the uncertainty, XRP’s price shows signs of bottoming out around $0.45. The token might capitalize on bullish indicators and potentially surge above $0.5 should sentiment improve. However, the ultimate price trajectory hinges on the court’s decision.

Some optimistic scenarios suggest that a favorable ruling could propel XRP back toward its all-time high of $3.40 and even beyond, possibly reaching $10 or more. Conversely, a negative outcome may keep XRP’s price subdued.

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The post SEC vs. XRP Battle Could Conclude on July 13 or July 31, Where Will XRP Price go? appeared first on Crypto News Land.