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180 Million ADA Sold in 5 Days—Are Whales Losing Faith in Cardano?

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  • Retail investors are excited about ADA’s recovery; however, whales are taking advantage of it, having sold off 180 million tokens over five days to take profits.
  • Cardano’s price rebounded from early-week lows, reaching above $0.63 after a bounce off strong support at $0.594.
  • The coin is bullish if it stays above $0.60, but a fall below $0.50 indicates a deeper downtrend.

Recently, a pool of large Cardano holders (whales) sold about 180 million ADA tokens in just 5 days, as a slight upswing in the price of ADA took place. This was noted by crypto analyst Ali (@ali_charts), who believes that the selloff was simply due to the whales taking profit.

AD 4nXdGhqh0c3sSFxXJDn1rmxpRiOz1KGcZ 3gY3GOM2sgH86pv1A1JUpQZNNN5F7Hf08k28qOYd5c5zu38WNh5hVfkKqIkP5Cs9bRWaXVcwQdm2g7 pasCOwZpNBn

As shown in the chart he posted, there was a small upward price movement during the week, along with a decline in whale holdings. At press time, ADA’s price has increased by 1.6% in the last 24 hours, trading at $0.627. 

The recovery has been slight, but it nearly erased the losses Cardano‘s native token recorded over the previous week. Before ADA began to recover, it faced selling pressure at the start of the week because of wider economic concerns in the global economy. 

Therefore, the price collapsed for three consecutive days. However, buyers stepped in at the $0.594 mark, a level of solid support, coinciding with a rise in ADA’s price.

Cardano Holds Firm at $0.60 Amid Whale Sell-Off

Still, opportunities to buy ADA remain as long as the price is staying above the $0.60 mark. This means buyers are defending this level and not allowing the price to fall further. 

An additional buying pressure could bring the coin’s price above $0.63. The next target for ADA’s price is the one corresponding to the 50-day Simple Moving Average, which is currently around $0.70. 

If ADA can break above this level, it could continue its rise towards $0.83. However, should ADA break the support level below $0.59, the price may decline to the next support level at $0.50. 

If $0.50 is breached towards the downside, it would indicate that the recent upward momentum is ending and further decline is likely. If that is the case, the next level where ADA could find some support could be around $0.40.

Despite staying low-profile, Ripple is aiming higher than ever

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Discussions around the situation of Ripple Labs and the blockchain’s native currency, XRP, have slowed down as of late. Ripple hasn’t made the headlines as much as its counterparts, Bitcoin and Ethereum, nor has it encountered the exposure of controversial meme coins or cryptocurrencies surrounded by controversy. Now, Ripple has been stealing the spotlight with the ongoing events in its sphere, like the Initial Public Offering (IPO) that the company keeps pushing through for or the fact that whales are amassing staggering amounts of XRP. A long-held dispute between the company and the United States Securities and Exchange Commission has marked the last months and is unlikely to be a non-event for the whole crypto industry.

Despite tumultuous times, Ripple Labs is optimistic about the IPO, the verdict with the SEC, the Ripple price prediction, and the blockchain’s expansion. A few developments are worthy of our attention as they’ll dictate the future of Ripple and generate consequences for the whole sector, so let’s break them down!

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More optimism concerning the dispute with the SEC

The conflict between the SEC and Ripple Labs is as old as the hills, but so was the confrontation with Ethereum. It’s not long since Ethereum seized a triumph against the SEC, which, as events have unfolded, has argued that the asset is a security instead of a commodity and should be treated as such.

After endless back-and-forth arguments, the SEC has concluded that Ethereum is to be taxed like a commodity, similar to oil, gas, gold, silver, and other commodities. The victory brings a glimpse of home against the backdrop of instability regarding Ripple XRP’s status and use cases. The debate has been going on for years, but it’s these days that representatives from Ripple indicate confidence in a favorable outcome.

The blockchain-built digital payment provider goes through the trial phase of the case. In light of the ever-rising suspense, Cyber Unit Chief David Hirsh resigns to follow a new career path following a penalty cut from the SEC of almost $1.9BN. Other lawsuits see Ripple involved and thus add to the legal woes numbered. However, Brad Garlinghouse, the CEO of Ripple Labs, keeps looking on the bright side after calling the resolution of the statements iterated in 2017 a victory. The business tycoon sees the whole part of the glass as the XRP lawsuit relocates to the magistrate judge for settlement, and a favorable ruling is expected.

Whale hoarding detected

The same high spirits displayed by the CEO of Ripple encourage believers to keep tabs on XRP and investors to pour money into it. Recent news disclosed that a whooping 130M XRP Coins have been transferred into whales’ accounts during the last weeks amid the latest price flux and the chairman’s optimism about a potentially favorable outcome after the case’s closure. Three whales jointly amassed 129.77MN XRP in a single day, according to X posts from Whale Alert.

The inflows registered by XRP unfolded simultaneously with the lawsuit’s development and suggested renewed hope. Despite the en-masse acquisitions and the improved expectations regarding the lawsuit, Ripple’s native token price has consolidated for now. What’s interesting, whatsoever, is the mindful amassing of XRP. The asset’s price drops seemed to have pushed addresses to hoard XRP, bagging coins even when they fell to $0.4.

These strategic undertakings can be signs of buy-the-dip strategies unfolding on a large scale. With all the optimistic news online and handy investment means, adding XRP to the portfolio is easy. This is where it’s essential to remember that your best ally is your common sense, so don’t treat these investments lightly. Conduct your own research and never invest more in a cryptocurrency than you can afford to see going down the drain.

Strengthened confidence in Ripple’s IPO success

Ripple set up an IPO, short for Initial Public Offering, in an effort to raise money to make the private company go public and sell its assets. Numerous initiatives have flourished this way, including that of the largest online cryptocurrency exchange, Binance and Binance Coin.

Despite the recent turbulences, the company keeps its chin up and is firm in its commitment to breaking into the public sector. Commentators indicate the offering may emerge after the SEC lawsuit is finally finalized after four dire years of ongoing dispute.

At the same time, the U.S.’s regulatory landscape is anything but straightforward. In an unexpected move, Garlinghouse revealed that going public abroad remains a valid option. Going public under the current rules would make less sense. Still, market pioneers look forward to the settlement and keep hoping that the IPO in the U.S. could come to fruition.

A reputable media influencer stated back in February that Ripple’s large XRP holding could cause the company to exhibit the most significant IPOs to date, should the company succeed. This outcome would significantly affect the coin’s price. Noteworthy, it wouldn’t be a shocker to see XRP attain a new ATH.  Ripple’s share price now revolves around the $41K level, enjoying a valuation of $5.7BN higher compared to the same figures registered a year ago.

Other factors impacting XRP’s price

XRP is known for riding out storms while remaining relatively stable during periods of market instability, and the current trading volume changes attest to this. Within a single day, Ripple’s trading volume rose by 100%, meaning that its resilience has a lot to say about how the asset’s price fluctuates.

The continuous case between the SEC and Ripple Labs is a critical element that could suppress the asset’s volatility and price. Nevertheless, the outcome will impact the company in question, owners invested in Ripple, and the whole crypto industry to a certain level. The lawsuit is in the trial stage, but as Ethereum has demonstrated, an asset, once mistaken for security, can prove its commodity attributes.

The debate shows no signs of concluding soon, but this doesn’t mean the odds aren’t in Rippe’s favor.

Crypto market watchers keep tabs on XRP’s price and Ripple Labs’ developments, staying vigilant for any favorable market shifts. Hopes are that the recent (and abovementioned) developments can drive an upward trend. 

Crypto Analyst Predicts LINK’s Next Move: Quick Scalping Opportunity Ahead?

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Well-known cryptocurrency analyst Crypto WZRD has shared his new evaluation of market trends and trajectories, with a particular emphasis on the Chainlink (LINK) token. In a recent X post, the analyst provided a comprehensive daily technical perspective, revealing the current bearish bar for LINK.

The current trend of LINK shows a bearish movement that may be expected to continue in the coming days, as pointed out by Crypto WZRD. The analyst insisted that the next big move up from this level would be decisive for the market in general and LINK specifically.

LINK Quick Scalping Opportunities

The analyst disclosed that he constantly looks for the market as he anticipates to get a good trading signal. He showed concern about undertaking a scalp, a trading technique that focuses on the purchase and selling of the investment good within the shortest time possible with a view of making small gains in price.

The elaborated information helps Crypto WZRD to attract the interested traders and investors who are looking for information about how to work in such an unpredictable sphere like cryptos. The main strategy lies in LINK at the time, when token characteristics have relatively big fluctuations, which make the token suitable for short-term trading.

The analyst insights have attracted much attention in the crypto community since traders are waiting for his next step. This explanation of how he monitors LINK to get a quality trade setup goes on to demonstrate the place and time, as well as methodology of cryptocurrency trading.

When coin was closed at bearish, the analyst’s quick observation and effective planning provided traders direction in finding the proper position to hold. His emphasis of the necessity to get a scalp fast underlines the fact that crypto trading is indeed an active and sharp one. While the market waits on what token will do next, speculators look towards Crypto WZRD to see what opportunities they want to grab to give them fast returns.

Thus, LINK and portfolio position is evaluated alongside analyst’s technical analysis of the cryptocurrency’s market sentiment and possible trading signals as of the date of work. His focus on a quick scalp shows that trading in cryptos is fast and thus any strategy which could help to at least gain a scalp would be useful.

The Bear Market Trio: VC Spectra (SPCT), THORChain (RUNE) & Shiba Inu (SHIB) – Who’s Leading?

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VC Spectra (SPCT) defies the current market sentiment with its quick-selling public presale. On the other hand, THORChain’s (RUNE) new features are helping it slowly build a bullish momentum. Meanwhile, Shiba Inu (SHIB) bulls are finally showing activity as the Shibarium goes live.

Which of these three projects is your best bet during this bear market? Let’s find out. 

>>BUY SPCT TOKENS NOW<<

VC Spectra (SPCT): Setting New Benchmarks For Presales

VC Spectra (SPCT), a decentralized asset management protocol and trading platform, quickly gathers attention by providing investors with a secure, transparent, and profitable investment experience. 

With a commitment to make investment in blockchain easy for everyone, VC Spectra (SPCT) has developed innovative ways to make investing safe and extremely profitable. Additionally, VC Spectra (SPCT) uses AI technology to provide trading statistics and advanced analysis.

Moving forward, the Spectra platform offers exclusive voting rights through its decentralized investment management system. This allows investors to control their own involvement in the blockchain. 

All these revolutionary features have birthed serious interest in the project and helped VC Spectra (SPCT) raise $2.4 million in the private seed sale round. 

VC Spectra’s (SPCT) public presale round has also been successful. The presale is currently at Stage 3 with VC Spectra (SPCT) tokens priced at $0.025. This marks a staggering 212.5% ROI for Stage 1 investors. 

Furthermore, purchasing the tokens at this stage sets you up to gain 32% in Stage 4, when the price becomes $0.033, and 220% at the end of the presale as the target price of $0.08 is reached. 

So, while investors in other projects are holding or selling, VC Spectra investors are buying up more in anticipation of imminent rewards. Are you one of them?

>>BUY SPCT TOKENS NOW<<

Will THORChain’s (RUNE) Lending Protocol Help RUNE Maintain Upward Momentum?

On August 21, the THORChain Lending Protocol came online. This protocol offers several benefits, including no liquidations, expirations, or KYC requirements. THORChain’s (RUNE) lending protocol comes right after the launch of Streaming Swaps. 

Despite these positive developments, THORChain’s (RUNE) price has declined from $1.770 on August 21 to $1.450 on August 28. This represents an 18% loss and puts an end to 12 days of a strong bull run from THORChain (RUNE) earlier in August.

However, this might be a temporary drop as CoinCodex expects THORChain (RUNE) to hit $1.606 this week. Experts predict THORChain (RUNE) is also expected to trade as high as $1.682 next week when the market stabilizes. 

In the longer term, THORChain (RUNE) is still expected by analysts to fall below $1.600 as BTC again experienced a decline on August 20, suggesting growing fear among crypto investors.

Shiba Inu (SHIB) Relaunches The Shibarium

Shiba Inu (SHIB) developers were gradually working towards restoring the Shibarium network by analyzing validator data and transactions days after network difficulties, and a broken bridge hampered a much-publicized network launch. 

In a post on August 22, the project’s chief developer and Shiba Inu (SHIB) co-founder, Shytoshi Kusama, stated that the network was close to being ready for a public opening and that procedures were in place to prevent another outage.

The effect of this news on the Shiba Inu (SHIB) price was positive. As a result, Shiba Inu (SHIB) increased from $0.00000774 to $0.00000845 as of August 23.

The Shibarium finally went live on August 28, triggering another price surge of over 2% within hours of the announcement. 

Yet, analysts at CoinCodex expect Shiba Inu’s (SHIB) price increase to be temporary. This prediction is in line with the growing bearish pressure on the general crypto market, including Shiba Inu (SHIB). 

To learn more about VC Spectra (SPCT), visit:

Buy Presale: https://invest.vcspectra.io/login  

Website: https://vcspectra.io  

Telegram: https://t.me/VCSpectra  

Twitter: https://twitter.com/spectravcfund

Ethereum Signals a Bearish Trend; Can ETH Still Go Up?

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Ethereum Signals a Bearish Trend; Can ETH Still Go Up?

Ether’s price is bearish. Positive sentiments from the Holesky upgrade and possible ETF launch may lead to a trend reversal. 

Last few weeks, Ethereum has faced a challenge as its price experienced a decline, hinting at a possible bearish trend. Overcoming the $1700 barrier has proven difficult for ETH. 

Despite this, the question arises: Can Ethereum still go up? Looking closely, Ethereum’s current trading value is around $1664, with resistance at $2000 and support at $1500. The price movement forms a triangle pattern, which shows uncertainty. 

To gain a better understanding, please read this post before investing in Ethereum. 

Evaluating the ‘Buy the Dip’ Opportunity

Renowned crypto analyst Benjamin Cowen offers a cautious perspective on the “buy the dip” strategy, especially for altcoins. He anticipates a continued bearish trend affecting altcoins in the coming months. He believes the crypto will stabilize following the aftermath of a bear market.

While Ethereum strives to enhance its ecosystem with the Shanghai upgrade, its recent performance remains average. Ethereum’s value has decreased by about 12% in the past month. 

Will Ethereum’s Bearish Trend Continue? The Impact of ETF Listings

At the start of the week, Ethereum traded around $1,670. The challenge of surpassing the $2,000 resistance level and cautious ETH prediction from analysts adds to more uncertainty. The price of Ethereum might trade between $1600 to $3000 in 2023. 

The fate of Ethereum’s price trend depends on the market sentiment. The possibility of multiple Ethereum futures exchange-traded funds (ETFs) emerging in the U.S. could potentially transform Ethereum’s trajectory, pushing it toward new record highs.

The U.S. Securities and Exchange Commission (SEC) is reportedly considering permitting the listing of several Ethereum futures ETFs which will be a significant step for the crypto realm. Volatility Shares plans to launch an Ethereum futures ETF in October, with positive signs from the SEC so far.

The introduction of Ethereum futures ETFs might attract institutional capital, mirroring Bitcoin’s past price surge following the introduction of its futures. Although Ethereum currently trades around $1,668.03, the optimism surrounding potential ETF listings could serve as a potent bullish force. 

Pre-Mine Ethereum Whale Emerges After 8 Years

Whale Alert, a well-known platform tracking blockchain activities, has revealed a surprising development: an Ethereum address that had been dormant for an astonishing 8.1 years has come back to life. This address, previously holding 191 Ethereum tokens valued at around $317,724, has suddenly shown activity, sparking curiosity in the crypto community.

Pre-mining means mining and distributing cryptocurrencies before their official launch. The awakening of this whale address is a rare event. Opinions within the crypto community are divided regarding the implications of these reactivations. 

Many believe that these resurgences could indicate bearish market trends supported by historical patterns. For instance, after a similar whale reactivation in July, Ether’s price plummeted by 20.42%. Weekly awakenings of dormant wallets from May to mid-July led to a 17.3% decline in ETH’s price.

As this awakened whale interacts with the current market, the community assumes potential ETH price fluctuations. All attention is focused on the revived whale’s movements and the uncertain shifts it might introduce. 

ETH Price Outlook

Crypto analyst Ali Martinez, known for sharing his insights on Twitter, has raised concerns about Ethereum’s price trajectory. As ETH faces a decline in value, influenced by the performance of the dominant cryptocurrency Bitcoin, Martinez believes that there is a risk of a significant price correction ahead. He even suggests that Ethereum’s price could drop to $1,000.

He has found an Ascending Triangle pattern on the chart. Generally, such a pattern indicates a continued upward trend, but it can also signify an impending reversal in price movement. If Ethereum’s price dips below the $1,600-$1,550 range, Martinez believes this could trigger a substantial 37%-45% correction, ultimately leading to a target Ether price of $1,000.

Martinez also highlights the bearish signals he sees for Ethereum’s future. He points out that the network’s fundamentals are showing weakness, citing a decrease in monthly active Ethereum wallets compared to the yearly average. It suggests limited on-chain activity and implies a “weak network health and usage,” according to the analyst.

Ethereum’s New Testnet ‘Holesky’ Prepares for Launch

ETH developers are gearing up for the Holesky, which aims to enhance the platform’s overall development. This initiative involves bringing more than 1.5 billion Holesky test net Ether to the network. Core developers of Ethereum have evaluated around 1.4 million validators for Holesky, underscoring their commitment to advancing the blockchain’s capabilities.

Scheduled to Replace Goerli Testnet: Holesky is slated to replace the current Goerli testnet as a staking, infrastructure, and protocol-developer testing ground in 2023. The Ethereum community is eager to improve its testing environment, with Holesky set to launch on September 15, 2023, at 14:00 UTC. This public testnet will introduce a significant amount of testnet coins, securing future Ethereum upgrades.

Addressing Technical Challenges: During the Ethereum Execution Layer Meeting 168, core developer Tim Beiko discussed recent progress. While some client issues were encountered, most have been addressed or are in the process of being resolved. Collaborations with external tech partners like Kurtosis Tech have been instrumental in pre-launch testing, contributing to the robustness of the upcoming testnet.

As Ethereum developers eagerly anticipate the Holesky test net launch, discussions and improvements continue with the goal of optimizing the Ethereum ecosystem for future enhancements. The core developer Execution Layer Meeting, scheduled for August 31, 2023, will likely provide further insights into the platform’s ongoing evolution.

Conclusion

The upcoming Holesky testnet is a big deal for Ethereum. It is like a practice ground where developers test new ideas before they are used for real. Holesky will have a long-term effect on ETH price, but the launch (or any positive news) of the ETF will create a positive sentiment in the market, and retail investors will jump into Ethereum for a long-term investment.

Ether’s price is bearish. Positive sentiments from the Holesky upgrade and possible ETF launch may lead to a trend reversal. 

Last few weeks, Ethereum has faced a challenge as its price experienced a decline, hinting at a possible bearish trend. Overcoming the $1700 barrier has proven difficult for ETH. 

Despite this, the question arises: Can Ethereum still go up? Looking closely, Ethereum’s current trading value is around $1664, with resistance at $2000 and support at $1500. The price movement forms a triangle pattern, which shows uncertainty. 

To gain a better understanding, please read this post before investing in Ethereum. 

Evaluating the ‘Buy the Dip’ Opportunity

Renowned crypto analyst Benjamin Cowen offers a cautious perspective on the “buy the dip” strategy, especially for altcoins. He anticipates a continued bearish trend affecting altcoins in the coming months. He believes the crypto will stabilize following the aftermath of a bear market.

While Ethereum strives to enhance its ecosystem with the Shanghai upgrade, its recent performance remains average. Ethereum’s value has decreased by about 12% in the past month. 

Will Ethereum’s Bearish Trend Continue? The Impact of ETF Listings

At the start of the week, Ethereum traded around $1,670. The challenge of surpassing the $2,000 resistance level and cautious ETH prediction from analysts adds to more uncertainty. The price of Ethereum might trade between $1600 to $3000 in 2023. 

The fate of Ethereum’s price trend depends on the market sentiment. The possibility of multiple Ethereum futures exchange-traded funds (ETFs) emerging in the U.S. could potentially transform Ethereum’s trajectory, pushing it toward new record highs.

The U.S. Securities and Exchange Commission (SEC) is reportedly considering permitting the listing of several Ethereum futures ETFs which will be a significant step for the crypto realm. Volatility Shares plans to launch an Ethereum futures ETF in October, with positive signs from the SEC so far.

The introduction of Ethereum futures ETFs might attract institutional capital, mirroring Bitcoin’s past price surge following the introduction of its futures. Although Ethereum currently trades around $1,668.03, the optimism surrounding potential ETF listings could serve as a potent bullish force. 

Pre-Mine Ethereum Whale Emerges After 8 Years

Whale Alert, a well-known platform tracking blockchain activities, has revealed a surprising development: an Ethereum address that had been dormant for an astonishing 8.1 years has come back to life. This address, previously holding 191 Ethereum tokens valued at around $317,724, has suddenly shown activity, sparking curiosity in the crypto community.

Pre-mining means mining and distributing cryptocurrencies before their official launch. The awakening of this whale address is a rare event. Opinions within the crypto community are divided regarding the implications of these reactivations. 

Many believe that these resurgences could indicate bearish market trends supported by historical patterns. For instance, after a similar whale reactivation in July, Ether’s price plummeted by 20.42%. Weekly awakenings of dormant wallets from May to mid-July led to a 17.3% decline in ETH’s price.

As this awakened whale interacts with the current market, the community assumes potential ETH price fluctuations. All attention is focused on the revived whale’s movements and the uncertain shifts it might introduce. 

ETH Price Outlook

Crypto analyst Ali Martinez, known for sharing his insights on Twitter, has raised concerns about Ethereum’s price trajectory. As ETH faces a decline in value, influenced by the performance of the dominant cryptocurrency Bitcoin, Martinez believes that there is a risk of a significant price correction ahead. He even suggests that Ethereum’s price could drop to $1,000.

He has found an Ascending Triangle pattern on the chart. Generally, such a pattern indicates a continued upward trend, but it can also signify an impending reversal in price movement. If Ethereum’s price dips below the $1,600-$1,550 range, Martinez believes this could trigger a substantial 37%-45% correction, ultimately leading to a target Ether price of $1,000.

Martinez also highlights the bearish signals he sees for Ethereum’s future. He points out that the network’s fundamentals are showing weakness, citing a decrease in monthly active Ethereum wallets compared to the yearly average. It suggests limited on-chain activity and implies a “weak network health and usage,” according to the analyst.

Ethereum’s New Testnet ‘Holesky’ Prepares for Launch

ETH developers are gearing up for the Holesky, which aims to enhance the platform’s overall development. This initiative involves bringing more than 1.5 billion Holesky test net Ether to the network. Core developers of Ethereum have evaluated around 1.4 million validators for Holesky, underscoring their commitment to advancing the blockchain’s capabilities.

Scheduled to Replace Goerli Testnet: Holesky is slated to replace the current Goerli testnet as a staking, infrastructure, and protocol-developer testing ground in 2023. The Ethereum community is eager to improve its testing environment, with Holesky set to launch on September 15, 2023, at 14:00 UTC. This public testnet will introduce a significant amount of testnet coins, securing future Ethereum upgrades.

Addressing Technical Challenges: During the Ethereum Execution Layer Meeting 168, core developer Tim Beiko discussed recent progress. While some client issues were encountered, most have been addressed or are in the process of being resolved. Collaborations with external tech partners like Kurtosis Tech have been instrumental in pre-launch testing, contributing to the robustness of the upcoming testnet.

As Ethereum developers eagerly anticipate the Holesky test net launch, discussions and improvements continue with the goal of optimizing the Ethereum ecosystem for future enhancements. The core developer Execution Layer Meeting, scheduled for August 31, 2023, will likely provide further insights into the platform’s ongoing evolution.

Conclusion

The upcoming Holesky testnet is a big deal for Ethereum. It is like a practice ground where developers test new ideas before they are used for real. Holesky will have a long-term effect on ETH price, but the launch (or any positive news) of the ETF will create a positive sentiment in the market, and retail investors will jump into Ethereum for a long-term investment.

The Golden Opportunities of 2023: VC Spectra, Litecoin and Chainlink 

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Investors seek crypto tokens with the potential for high investment returns. As such promising cryptocurrencies for lucrative opportunities in 2023 include VC Spectra (SPCT), Litecoin (LTC), and Chainlink (LINK).

Litecoin (LTC) and Chainlink (LINK) are established cryptocurrencies facing a few challenges. However, VC Spectra (SPCT) is a newcomer in the industry, garnering more attention than the two due to its noteworthy opportunities. Furthermore, it attracted the attention of the cryptocurrency community by raising $2.4 million in its private/seed sale and earning 37.5% ROI after the Stage 1 public presale.

>>BUY SPCT TOKENS NOW<<

VC Spectra (SPCT) Experiences Significant Growth in Stage 2 Presale Stage

VC Spectra (SPCT) offers a unique proposition compared to Litecoin (LTC) and Chainlink (LINK), despite the potential for improvement in the latter two momentums. The decentralized fund utilizes algorithmic and systematic trading strategies to optimize returns and minimize investor risks.

In addition, VC Spectra (SPCT) prioritizes its users by offering quarterly dividends and buybacks funded by investment profits. Furthermore, the platform gives users voting rights and exclusive access to promising ICOs.

VC Spectra token SPCT utilizes the secure infrastructure of the Bitcoin blockchain and follows the BRC-20 standard. SPCT adopts a deflationary model featuring a burn mechanism that reduces its circulating supply gradually. Serving as a medium of exchange, SPCT facilitates decentralized trading, asset management, and transaction fees on VC Spectra platform.

VC Spectra’s (SPCT) public presale is the most successful and promising. Before the public presale, VC Spectra (SPCT) made $2.4 million in its private seed sale. During its transition from Stage 1 to Stage 2 of its public presale, the price increased by 37.5%. Investing in VC Spectra (SPCT) during Stage 2 opens up the opportunity to achieve a 627% ROI when the presale concludes, along with a 25% bonus on deposits.

>>BUY SPCT TOKENS NOW<<

Litecoin’s (LTC) Price Declines after the Halving Event

On August 7, 2023, Litecoin’s (LTC) price was $82, reflecting a 1% decrease in 24 hours. The trading volume increased by 42% during the same period. Litecoin (LTC) ended the month of July with a high of $95, which shows that it is 13.7% down.

The decline in Litecoin’s (LTC) price disappointed traders who anticipated the block halving would boost scarcity and increase its value. Regrettably, the market has experienced a decline in Litecoin (LTC) over the past week of trading.

Despite the decrease in price activity, Litecoin’s (LTC) network fundamentals remain positive. Its solid technical foundation also indicates potential for future price and market cap growth. Analysts predict that Litecoin’s (LTC) trading range by the end of 2023 could be between $77 and $189.

Chainlink (LINK) Improves Network Capabilities, but Price Movement is Minimal

Chainlink (LINK) experienced a significant price increase last month, surpassing the $8.4 threshold. However, it subsequently experienced a decline after the rise. Chainlink’s (LINK) price declined gradually, reaching $7.1 on August 7, 2023.

Chainlink’s (LINK) losses in the past week are relatively moderate compared to other leading coins in the sector. However, the drawdown remains a concern for investors, as they wonder if the ongoing downtrend from the past few weeks will diminish.

Despite the current challenging period, there have been promising changes related to the asset that could benefit Chainlink (LINK) investors. Some of these activities include maintaining high development levels and the accumulation of Chainlink (LINK) by sharks and whales.

Analysts predict that Chainlink’s (LINK) price by the end of 2023 will range from $7.24 to $10.85, with an average of approximately $9.05.

Learn more about the VC Spectra presale here:

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io/

Twitter: https://twitter.com/spectravcfund

Telegram: https://t.me/VCSpectra

Sui Price Dips, Is There a Recovery Soon? Trust Wallet Shows Green Signs on the Daily Charts, and Pomerdoge Upward Trajectory Continues

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Sui (SUI) has been on a downward trend, leading many to diversify. On the other hand, Trust Wallet (TWT) has showcased green signs on the daily chart, and Pomerdoge (POMD) has been on an upwards trajectory. We will dive into the value and on-chart data of each altcoin to see how far they can climb.

Summary

  • The Sui token price can climb to $0.86 by the end of the year
  • The Trust Wallet price has the potential to reach $1.18 by the end of 2023 following its green signs
  • Pomerdoge (POMD) can spike by 100x at launch

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Sui (SUI) Dips In Value

Sui (SUI) is the cryptocurrency behind an innovative Layer-1 blockchain solution that utilizes the Move programming language. However, while its development did swiftly push it among the top 100 cryptocurrencies in terms of market caps, it has been in decline.

Subsequently, maintaining such an elevated market can be challenging, and this is evident based on the recent Sui price. The anticipated influx of developers adopting Sui has not yet become a reality, and holders are looking elsewhere for better opportunities. As of July 31, 2023, the Sui token trades at $0.619903. 

During the past week, its low point was at $0.613365, while its high point was at  $0.649827. Moreover, in the past two weeks, Sui decreased by 10.4%. Sui’s trading volume is at $53,093,827, and in the last 24 hours, it increased by 42.64%. 

In addition, its market cap is at $405,436,562. According to a Sui token price prediction, the cryptocurrency can reach $0.86 by the end of the year, meaning that a recovery could indeed occur. 

Trust Wallet (TWT) Shows Green Signs On Daily Chart

Trust Wallet (TWT)’s price has showcased green signs on the daily chart, and it’s moving in the supply zone of the market structure. The metrics behind the Trust Wallet crypto suggest that it’s performing well and that potential buyers in the community are bullish surrounding its future.

The Relative Strength Index (RSI) live is also moving toward the oversold zone, where it is at 58.79, and the value of the 14-day SMA is at 52.40 points. Moreover, as of July 31, 2023, the Trust Wallet crypto trades at $0.8922. Its market cap is at $371,883,975, with its 24-hour volume at $5,691,449. 

During the past week, the overall price increase was at 2.3%, and in the last two weeks, it’s been up 6.9%. According to a Trust Wallet price prediction, it can climb to a maximum point of $1.18 by the end of the year. 

Pomerdoge (POMD) Upward Trajectory Continues

Pomerdoge (POMD) can perform well in the long run, according to analysts, as it has been on an upward trajectory. This trajectory is continuing, especially with the upcoming launch of the Play-to-Earn (P2E) game called Pomergame. 

By entering this market, the project appeals to cryptocurrency enthusiasts who want to value their time, and market analysts have predicted that high-yield returns can occur for investors aiming to jump into it early.

The Pomerdoge ecosystem also consists of the Pomerplace, a dedicated marketplace in which anyone can begin selling, trading, or buying valuables that are collected in-game. 

However, players need to build their character to Elite Level before they can create their own custom items. Additionally, there’s even an Arena in which the winner can get rewarded.

For early POMD token holders, there’s a 7,777 NFT collection that can be bought only by them. Pomerdoge (POMD) is currently in the early stages of its presale. At this point, it trades at just $0.007 and could spike by 100x by end of 2023.

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/ 

Telegram Community: https://t.me/pomerdoge 

XRP Price Prediction 2023: Analysts Praise Cardano (ADA) and Collateral Network (COLT)

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The crypto markets keep moving along steadily, with most traders’ attention devoted to the Shanghai upgrade and seeing whether up rallies or retraces. However, Cardano (ADA) and especially Collateral Network (COLT) have been rallying hard recently with seemingly no end in sight, and analysts outline a price prediction for XRP (XRP) this year. 

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XRP (XRP) Price Prediction 

XRP (XRP) was launched in 2012 to add utility to the global economy and allow value to flow across borders seamlessly, thanks to blockchain technology. XRP (XRP), from a technical standpoint, presents a far more viable option than its most significant TradFi competitor, the SWIFT network. XRP (XRP) can settle international transactions in minutes, whereas the SWIFT network takes several working days.

However, XRP (XRP) has been continuously dogged by the unknown result of its court case against the SEC. Recently, XRP (XRP) has started rallying on the speculation that it will beat the SEC against the allegation it sold unregistered securities. XRP (XRP) currently trades at $0.51, with analysts citing the importance of XRP (XRP) holding $0.50 as support. If it does, XRP (XRP) could begin another rally, and price predictions put XRP (XRP) trading between $0.95 and $1.05 by the end of the year. 

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Cardano (ADA)

Cardano (ADA) posted impressive statistics this month, adding over four million wallet addresses to the network and executing sixty-four million transactions. Although most of the crypto space ignores Cardano (ADA) in favor of newer layer ones, or more frequently now, layer two scaling solutions. Many forget the mathematic and rigorous approach employed by Charles Hoskinson in building Cardano (ADA).

Cardano (ADA) represents excellent blockchain infrastructure, and if it manages to build out an attractive DeFi ecosystem, Cardano (ADA) will start to rally. Price predictions for Cardano (ADA) vary enormously amongst analysts, with some forecasting a range between $0.51 and $0.58 in 2023 and others aiming as high as $1.20 before the year ends. But bearish and bullish analysts remain in consensus that Cardano (ADA) will remain a central force in the crypto space. 

>>BUY COLT TOKENS NOW<<


Collateral Network (COLT) Expected to Surge by 3,500%

Collateral Network (COLT) has enjoyed roaring success so far in its initial presale stage, raising more than $450,000. Many analysts expect this is only the beginning, forecasting 3,500% gains by the end of the presale. And beyond this, many have even speculated that early investors could see 100X on their COLT investments when major centralized exchanges start to list the token.  

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What is Collateral Network (COLT), and Why Has it Been so Successful?

For DeFi to expand, it needs to onboard real-world assets into its ecosystem, and seasoned crypto investors have understood this for months. Collateral Network unlocks liquidity for real-world assets and is the world’s first decentralized lending protocol for tangible off-chain assets.

Collateral Network (COLT) allows owners to collateralize real estate, luxury watches, fine art, vintage cars, rare whiskeys, collectables, jewelry, fine wines, and much more. It leverages 100% asset-backed NFTs to bring these items on-chain and allows owners to access crowd-sourced liquidity.

Collateral Network (COLT) boasts institutional-level liquidity, and on the platform, lenders can earn passive income by providing capital to borrowers. On top of this, COLT token holders can participate in special auctions where distressed assets will be sold.

Collateral Network (COLT) pushes beyond the current boundaries of lending within DeFi and marks a huge step forward for the asset-backed loan industry in general. COLT could well be one of the largest gainers in 2023. 

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Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk 

Terra [LUNA] Hits All-time Highs as Crypto Market Hits October Flux

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The first Monday of October saw the cryptocurrency market lurch into action, albeit a mixed one. Some cryptocurrencies tried riding the bull while most suffered under the bear’s brunt. As Bitcoin took a hit on October 4, some altcoins had found a way to circumvent the red path. 

One altcoin surpassing all expectations this week was Terra with rapid ascensions on the hourly and daily timeframes. At press time, Terra was trading for $46.32 while holding a market cap of $18.162 billion. The cryptocurrency’s 6.56 percent growth in the 24-hour spectrum allowed it to head towards the top 10 club. Right now, Terra’s market cap was still a whopping 10 billion behind its counterpart Dogecoin. 

Terra 1 hour:

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Terra [LUNA] Hits All-time Highs as Crypto Market Hits October Flux 8

Luna’s hourly changes had become positive towards the end of September as the successive price action sided with the bull. The immediate support was clocked at $33.6 after which the cryptocurrency charted unknown territories. After hitting its ATH on Monday, the cryptocurrency continued to register consecutive red candles. 

Bollinger bands: Both the bands diverged from each other after the price action reversal. Till the change, the large Bollinger cloud was indicative of the large change in Terra’s price point. 

Parabolic SAR: The immediate markers shifted to the top of the price candles after holding a significant ground under them earlier. Terra’s investor sentiment had shifted towards the negative, a marker for a slight dip in prices. 

Relative Strength Index: After the formation of the red candles, the RSI dipped sharply towards the halfway line. Despite this, Terra’s buying pressure was more than its selling pressure. 

Terra 1 day:

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Terra [LUNA] Hits All-time Highs as Crypto Market Hits October Flux 9

Long-term performance was indicative of the surge that can be attained by the altcoin ecosystem. After being near the $4 mark in August, Terra was now cruising at the $40 mark. 

Parabolic SAR: The markers were below the price candles as Terra continued to achieve long-term milestones. Strong investor sentiment was crucial to the sustained growth of a nascent altcoin. 

Relative Strength Index: Terra’s RSI shot up after its latest surge with swathes of new investors entering the market. The continued trust shown by the holders was evidenced on the graph. 

Bollinger bands: Just line its hourly counterpart, both the bands diverged from each other here too. The expected Bollinger cloud can be a marker for positive price actions yet to come. fds

Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures

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Several altcoins led the bull charge on the 1st of October with market caps surging on the charts. Binance Coin [BNB] emerged as one of the best performers of the day that saw spectacular growth in both the daily and weekly timeframes. The weekend seems to have brought along some good tidings for the crypto-verse as multiple coins witnessed double-digit gains.

At the time of writing, BNB was valued at $411.8 while its market cap climbed to $69.35 billion. The cryptocurrency climbed by 10.6 percent over the last 24-hours which was enough to push the daily trading volume over the $1.9 billion mark. As October officially dawned upon the cryptocurrency market, enthusiasts expected a change in fortunes.

Binance Coin 1-hour:

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Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures 12

The hourly spectrum saw BNB register strong green candles on Friday. Binance’s cryptocurrency enjoyed a consecutive green red save for one red candle in between. According to the readings, BNB’s immediate support was clocked at $325.06.

Bolinger bands: The Bollinger bands diverged from one another as the cloud size increased. This was a sign of an impending buy-in run for Binance Coin.

Relative Strength Index: BNB’s RSI stayed above the overbought threshold as the cryptocurrency enjoyed one of its strongest runs in weeks. The indicator was evidence that more users were buying into the Binance Coin ecosystem.

MACD: The MACD line and the signal line moved upwards after crossing over. Even the histogram displayed strong bullish momentum.

Binance Coin 1-day:

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Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures 13

BNB’s daily performance was more stagnant compared to its hourly counterpart. The daily price resistance fell to $265 after the bear run at the start of May.

Relative Strength Index: After Friday’s resurgence, the indicator shot up to the moon. The new influx of investors is expected to benefit the cryptocurrency’s long term price hold.

MACD indicator: After a slow September, the MACD line and signal line converged on October 1. The histogram in turn was in the midst of recovery after seeing red for the entirety of September.

Bollinger bands: Both the bands moved parallel to each other after the green candle lifted the price action out of its lull.