VeChain, which is the currency for the impressively named VeChain Thor Blockchain, is used to transfer value across the network. The VeChain Thor Blockchain was designed specifically for supply chain management and business processes through the use of distributed ledger technology.
“The SEC and Commodity Futures Trading Commission have shown they are going to be deliberate but open-minded about the crypto-related funds they are willing to allow, and the past week has shown there is demand for these kinds of products,” Steven McClurg, chief investment officer at Valkyrie Funds.
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The upward price trend has been predicted purely on the merits of SafeMoon viz. security and reliability. A further influence on prices for this currency can be seen based on the inflow of funds by institutional investors and support to the crypto tokens in the long term. In light of the Pandemic and uncertainty prevailing around it, the cash portfolio has taken a major hit, taking the deficit of nations to a phenomenal level even for developed countries.
The 50% Fibonacci retracement drawn from the all-time high to the low of the weekly strong bar is at $0.0000039. Sharing that value area is the weekly Tenkan-Sen (blue, horizontal ray) at $0.0000040. SafeMoon price has bounced off the 50% Fibonacci retracement four times in the past six days. How likely is this confluence zone to hold as support? The oscillators can give us a clue. The Relative Strength Index remains in bull market conditions. It has yet to test the first oversold level in a bull market (50) since moving to 100, but it has bounced off 55. This indicates that momentum may continue to the upside. Additionally, the Composite Index has created a lower low and tagged extreme lows, increasing the likelihood that SafeMoon price will at least find some equilibrium at its present value area.
Bernard’s latest book is ‘Business Trends in Practice: The 25+ Trends That Are Redefining Organisations’
The effect of this type of manipulation is compounded if you throw in thousands of new market participants who can be easily taken advantage of. In addition, price manipulations can be hard to prove and control in unregulated markets.
Barring Shiba Inu and dollar-pegged stablecoins, seven out of the top 10 cryptocurrencies were trading lower at 9.30 hours IST. Solana, XRP, Cardano and Polkadot tanked 8-10 per cent each, whereas Shiba Inu soared 74%.
Michelle is a journalist at Forkast. Prior to joining the team, she wrote for CNN and served with the Singapore Foreign Service. She holds a Master of Journalism from the University of Hong Kong and a Bachelor of Business Administration from the National University of Singapore. Author's profile on Twitter @limslmichelle Author's profile on LinkedIn Michelle Lim
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Ethereum (ETH-USD) set a new record high for yet another consecutive day on Thursday, riding at least two macro themes entrenching themselves within the cryptocurrency sector.
Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity. He is a best-selling author of 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations. He has over 2 million social media followers, 1 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.
The SafeMoon coin has been making top predictions for months now, and it won’t be slowing down anytime soon. Forecasting site WalletInvestor predicts that the price could reach $0.000002 by November 1st, while Gov Capital forecasted its value will dive to zero in May 2022. In between these two extremes, there is still plenty of growth potential.
SafeMoon doesn't tout itself as a cryptocurrency but instead as a DeFi token, a decentralised finance token. DeFi’s aim is to bring about disruption to the financial world and enable people to lend in peer-to-peer networks without needing a physical bank.
Blockchain-based mechanics can be a tough sell for game studios today largely because it’s still a pretty hostile platform environment for NFT-based titles at the moment. Apple and Google haven’t showcased much of an interest in building a path for crypto payments or NFT sales inside their mobile app stores while Steam has outright banned NFT titles from their PC game store, a move which directly impacted Blankos. Part of this has undoubtedly been the desire of platforms not to upend the in-game payment systems that have made them rich, but there are also legal uncertainties around how deeply some titles are wading into securities territory.
Cryptocurrency prices today: Bitcoin trading flat; Ethereum, Dogecoin & Uniswap fall up to 5% Currently, the global crypto market cap stands at $2.74 trillion, a decrease of 0.11%. Other cryptocurrencies were trading in the red. BusinessToday.In Nov 05, 2021, Updated Nov 05, 2021, 12:48 PM IST
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Polkadot (DOT) has surged by over 13% and set a new all time high of $53.25 last night. The asset how has a market capitalization of $50bn and is ranked at the 8th spot. Over the past 2 days, the asset has seen good inflows and volumes have almost doubled. Open interest on DOT futures market is up by 18.51% and on the perpetuals market up by 14.70%. DOT now faces a stiff psychological resistance at $60, and if it crosses this mark, another rally can be DOT was trading in a ‘Rising Channel’ pattern and rallied almost by 80% in the last month. Post facing stiff resistance around $45, the asset started consolidating between $45 to $40. However, DOT finally gave a breakout above the channel and made the new all-time high of $53.35. The prices are trading well above the 20-day moving averages and relative strength index (RSI) is at 70, which indicates strength in the trend. If DOT sustains above $50, then we can expect the asset to rally up to the next resistance which is at $60.