Crypto Push

2024-02-07 16:01:59 Is Avalanche Losing Its Spark? Interest in the Ecosystem Wanes

A Turnaround for Avalanche DEXes?
Recent advancements in decentralized exchanges on Avalanche show promise, but overall trading volumes continue to decline. The road to recovery is still challenging.

NFTs Fading on Avalanche
It's not just DEXes; the NFT sector on Avalanche is also feeling the pinch. Sales have dipped by 12.5%, and even popular collections struggle to attract attention.

The Ripple Effect of Waning NFT Interest
A thriving NFT ecosystem is crucial for any blockchain platform, fostering creativity and drawing in users, developers, and artists. Avalanche needs a spark to reignite its NFT flame. Open / Comment

2024-02-04 20:00:41 XRP's Price Set to Soar: ChatGPT's Bold Prediction for 2024!

SEC Saga and Ripple's Redemption
In the midst of the SEC-Ripple legal tussle, attorney John Deaton slams the SEC for trying to dodge accountability in the Debt Box case. The SEC's admission of misleading claims and dropping the $50 million lawsuit has left many scratching their heads.

SEC Under Fire
Federal courts are not mincing words either. Judge Torres calls out SEC lawyers as hypocrites, while an Appellate Court deems their rejection of a Bitcoin ETF as unfair. Even Coinbase's CLO, Paul Grewal, isn't holding back, criticizing the SEC's complaint withdrawal tactics.

Ripple Labs: More Than Just XRP
Ripple Labs, founded by Chris Larsen and Jed McCaleb, aims to revolutionize global transactions. XRP is its digital asset, fueling transactions on the Ripple network. Remember, Ripple is the tech company; XRP is its open-source crypto.

XRP vs. SEC: The Battle Rages On
The SEC alleges that XRP is an unregistered security, but Ripple disagrees vehemently. After a long-drawn legal battle, the court ruled in favor of Ripple in July 2023, stating that XRP is not a security. The SEC had to drop its charges but gained authority over institutional crypto sales.

ChatGPT's Mysterious Insight
While I can't predict the future like ChatGPT, let's keep an eye on XRP. With the regulatory storm settling and Ripple's legal win, some believe that XRP might just defy all expectations and surge ahead in 2024!

Disclaimer: This post does not constitute financial advice; it's merely an analysis of recent events surrounding XRP and Ripple Labs. Always do your own research before making investment decisions.

Note: This post is purely fictional and does not reflect real news or predictions. Open / Comment

2024-02-01 16:30:48 XRP Tumbles After $112M Ripple Exploit: Is There Hope?

The price of XRP took a hit, dropping 2.35% in just an hour, as news broke of a $112.5 million exploit on the Ripple network. On-chain detective ZachXBT was quick to sound the alarm.

Zach's investigation revealed that a whopping 213 million XRP had been swiped, with the stolen tokens making their way across various exchanges like a digital shell game.

While this may be the first major heist of 2024, Ripple's chairman Chris Larsen stepped up to clarify that it wasn't the company's funds but his own personal stash that got nabbed.

Thanks to Larsen's swift response and the assistance of the XRPLF, some of the ill-gotten gains have already been frozen, potentially saving XRP from further freefall.

Despite this setback, XRP managed to hold its ground at around $0.49, showing resilience amidst a broader market downturn. In fact, recent data suggests there's still some fight left in this token, with millions in high-value transactions recorded just days ago.

While the exploit may have rattled XRP's cage, it seems there are still bullish signals flashing in the midst of this crypto storm. Open / Comment

2024-01-29 16:00:23 State of new Bitcoin holders as BTC faces resistance at $43K

In the recent week, amidst the significant decline in the Bitcoin price, the market has finally shown a Positive Sign around $39,000 (1m-3m Age band Realized Price), reflecting a recovery and price growth to $42000.

Price level to watch
For the newer investors that are currently underwater, Crazzyblockk said that the crucial level to watch lies between $43,500 and $44,000.

It can be asserted that a breach above the $44,000 threshold signifies a robust indication of sustained positive price momentum. Conversely, should this level, functioning as the equilibrium point for investors with holding periods of less than one month, exhibit resistance, an expectation arises for the persistence of a notable correction in the mid-term. Open / Comment

2024-01-29 13:01:34 Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:

This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
Compatible with EVM and Ethereum API.

The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:

Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.

Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.

The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.

R&D team has been rigorously testing technology since 2021.

More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.

On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.

On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in our communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

2024-01-26 22:00:02 How Bitcoin’s performance is driving away BTC investors

Is BTC approaching its bottom?
According to Santiment, historically, this kind of decline in the holdings of small BTC owners is a sign of capitulation. This is mostly followed by a price rebound. It often signals a price bottom, a phase marked by renewed optimism that can help drive up the asset’s value.

To determine whether a price bottom is in, it is key to observe BTC’s Age Consumed metric. This metric tracks the movement of previously idle BTCs.

When Age Consumed sees a surge, it suggests that a significant amount of once-idle tokens have changed address. This hints at a sudden and strong shift in the behavior of long-term holders.

Conversely, when the Age Consumed metric dips, long-held coins remain in wallet addresses without being traded. Open / Comment

2024-01-23 22:00:01 Bitcoin slips below $40K – Millions in longs get wiped out

Bloodbath in the market
The king coin tumbled to $39,536 at 7:45 pm UTC on the 22nd of January, AMBCrypto noticed using CoinMarketCap’s data. The price recovered to $40,063 at press time as some traders bought the dip.

Grayscale outflows increase selling pressure
The catalyst for the bloodbath continues to be fund flows from Grayscale Bitcoin Trust, formerly Grayscale Bitcoin Trust (GBTC). Open / Comment

2024-01-20 21:00:35 Why Bitcoin might end its bearish price action soon

Bullish divergence spotted on Bitcoin’s chart!
Bitcoin investors bore losses last week as the king of cryptos price dropped by more than 2% in the last seven days. According to CoinMarketCap, at the time of writing, BTC was trading at $41,592.53 with a market capitalization of over $815 billion.

Is an uptrend inevitable?
To better understand whether BTC would begin a bull rally, we took a look at its on-chain metrics. Though market indicators were bullish, a look at BTC’s on-chain metrics suggested that the possibility of an uptrend in the near term was slim. Open / Comment

2024-01-19 16:00:11 Samson Mow Sees #Ethereum As ‘Stupid Man’s’ Bitcoin & XRP A ‘Tricky One’

Read more Open / Comment

2024-01-17 15:01:20 Will Dogecoin feel the effect of this massive 990M transfer

DOGE wants to fall
On the 9th of January, a similar transaction took place. About one billion coins were moved from Binance to another wallet. Moments after that transaction, DOGE rose from $0.076 to $0.085. Between that time and press time, DOGE’s price had dropped and was changing hands at $0.082.

A breakout can’t be found
When combined, the increase in circulation and Open Interest suggests a possible DOGE decrease. The Accumulation/Distribution (A/D) indicator also supported this potential. Based on the 4-hour chart, the A/D had stalled at 27.14 billion.

This also confirmed the bias that DOGE would find it hard to breakout. But if bulls increase buying pressure, DOGE could breach the $0.083 resistance.

Once this happens, a move toward $0.09 could be next. However, that might not be the case in the short term. But if altcoins start to move upwards again, DOGE’s price might also increase. Open / Comment