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CRYPTOGALACTIC

Logo of telegram channel cryptogalactic — CRYPTOGALACTIC C
Logo of telegram channel cryptogalactic — CRYPTOGALACTIC
Channel address: @cryptogalactic
Categories: Cryptocurrencies
Language: English
Subscribers: 14.91K
Description from channel

Channel about blockchain, investments, ways to make money on cryptocurrency and market prospects.
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The latest Messages

2023-07-22 15:36:01
ETH UPDATE

The price is approaching the $2040 resistance for the third time, so now chances of breakout are much higher than they were before.

Moreover, there is an overall upward vector that lasts since November 2022.

Locally, there is a great setup on BREAKOUT of the resistance. Local targets are $2190 and $2390.

If Bitcoin goes down to $28,000 - 29,000 zone, Ethereum will retest the ascending channel support another time which is a good entry point as well.
1.8K views12:36
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2023-07-21 16:38:01
Trillions of SHIB Flow into Shiba Inu Billionaire Addresses as Holdings Grow 20%

Per IntoTheBlock data, Shiba Inu billionaire addresses, which refer to those that own 100 billion to 1 trillion SHIB, were found to have increased their holdings the most over the past 30 days.

Notably, Shiba Inu is seeing accumulation from different tiers of holders.

In particular, Shiba Inu holders who own more than 100 billion to one trillion SHIB have seen stunning 20% growth in their holdings, according to IntoTheBlock data.

The past 30 days, from June 19 to July 17, saw the balance held by Shiba Inu large billionaire addresses increase from 103.18 trillion Shiba Inu to 123.53 trillion SHIB. The difference amounts to a gain of 20.35 trillion SHIB.

Shiba Inu large holders' inflow is seeing a steady increase, according to IntoTheBlock data, with a 1,498% growth in the last seven days. Large Holders Inflow from IntoTheBlock monitors the funds going into addresses belonging to either whales or investors over specific time frames. A significant increase in large holder inflows could signal active buying.

The optimism for the forthcoming launch of Shibarium mainnet might be attributed to the rise in the holdings of billionaire Shiba Inu addresses. Shiba Inu will be taking Canada by storm as the official title sponsor of the Blockchain Futurist Conference, scheduled for Aug. 15 and 16.
5.4K views13:38
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2023-07-20 14:42:59
Neopets won’t be a metaverse filled with Solana NFTs after all

Despite raising millions from the crypto community, stewards of the virtual pet franchise Neopets said Tuesday they are shelving Web3 plans in favor of going back to basics.

As the game nestles into a “new, unified entity,” the call has been made to “transition away from the Neopets Metaverse game,” and direct resources better suited to the game’s “values,” according to a statement.

A frosty reception of NFTs from Neopians led to the pivot away from blockchain, with the game’s leadership now making it their “priority” to appease Neopets’ dwindling player base. Launched in 1999, Neopets is a browser-based virtual pet website allowing players to feed, groom and care for a collection of fantasy critters.

In late June, Neopets’ studio JumpStart Games, headquartered in LA, was shut down by its owner NetDragon. The franchise was then handed over to Dominic Law, a Neopets diehard who had previously been employed by NetDragon. The game is now to be managed by a new firm, The Neopets Team (TNT).

JumpStart, like others before it, had failed to generate any substantial revenue for the franchise, TNT said in a statement. TNT said Neopets had been running at a loss “for over a decade,” and was in dire need of a rescue plan, intended to draw back users that had left disgruntled over its Web3 vision.

“This decision was not made lightly, but it was made for the best reason: we want to design a game that’s more in line with what the community has been asking for,” a statement from the Neopets Metaverse Twitter account said.

Blockworks has reached out to TNT and Neopets Metaverse for comment.
4.6K views11:42
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2023-07-19 14:54:16
INJ has reached the main $9.7 resistance, printed +37% profit so far!

We closed the major part of the position, and will re-enter in case of the resistance confident breakout.
4.5K views11:54
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2023-07-18 13:50:59
U.S. Banks Poised to Embrace XRP Following Ripple's SEC Battle Triumph Says Ripple.
4.7K views10:50
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2023-07-17 15:31:59
​Decentralized KYC Platform Astra Protocol’s Token ASTR Going Public

Based out of Zurich, Switzerland, the leading decentralized KYC platform for Web3, Astra Protocol, is working on driving compliance in the cryptocurrency community. It is building the ultimate decentralized compliance layer for the Web3 economy.

By equipping all cryptocurrencies with a decentralized compliance service, including KYC and AML capabilities, using trusted law firms, Astra Protocol aims to help crypto and DeFi applications effortlessly conform to any relevant regulations.

A Swiss Knife of Crypto Compliance
Even more impressive is that this innovative new platform makes it easy for fast-growing crypto protocols to meet KYC and AML regulations without changing their underlying business models through its plug-and-play software.

Crypto protocols using Astra can meet numerous social regulations without giving up on their decentralization. Astra Protocol enables decentralized companies to abide by rules set by regulatory bodies worldwide without compromising their users’ identity and security.
4.8K views12:31
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2023-07-16 16:24:00
Pantera Capital Founder Predicts Bullish Crypto Market Amidst Traditional Market Struggles.
4.7K views13:24
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2023-07-15 11:45:00
Bitcoin miners keep working in loss for 11 months straight!

The average Bitcoin Production cost right now is $37,300 and $22,500 of which are expenses on electricity.

Historically, Bitcoin touched the low border of the channel (electricity cost) only a few times and bounced from there.

What is more, this is one of the longest periods in which the miners have been working at a loss. Will they get a chance to work in profit this year..?
5.4K views08:45
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2023-07-14 17:58:01
XRP Price Surges By 80% As US Judge Rules XRP Not A Security

After more than two years of back-and-forth legal battles, Ripple has emerged victorious in its dispute with the Securities and Exchange Commission (SEC). A US judge has officially ruled that XRP is not a security, putting an end to the ongoing lawsuit between the two parties. The news has had a positive impact on the price of XRP, with the cryptocurrency surging by 80% following the announcement.

The ongoing legal dispute had a significant impact on XRP’s price and discouraged retail investors. However, the latest news has turned out to be a big win for the XRP community and the crypto community as a whole. According to CoinMarketCap data, XRP went up from a 24-hour low of $0.4680 to its highest price of $0.9382, and at press time, the coin was trading at $0.8771, with the trajectory and likelihood of the coin surging even more.

This ruling is significant for Ripple and the entire cryptocurrency industry, as it provides clarity on the regulatory status of XRP. Many in the industry had been waiting for this ruling, and it could lead to increased adoption of XRP and other cryptocurrencies.

While the ongoing lawsuit had a negative impact on XRP’s price and discouraged retail investors, Ripple’s victory in the case has put those concerns to rest. The ruling could also lead to other cryptocurrencies receiving regulatory clarity, which could be a positive development for the industry as a whole.
5.2K views14:58
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2023-07-13 15:10:00
Everywhere you turn today, the buzz is all about one thing — the Azuki Elementals mint.

The fascination, the excitement, and the intrigue around this mint have created a fervor that is impossible to ignore.

The Azuki Elementals are the third addition to the rapidly expanding Azuki universe, including Azuki’s genesis collection and Beanz.

Spanning four different domains (Lightning, Earth, Water, and Fire) and rarity tiers, Elementals consists of 20,000 NFTs.

The first 10,000 were airdropped to Azuki holders at the project's recent Vegas event.
4.8K views12:10
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