Solana Price Plunges as Blockchain Suffers Outage Again
Solana's price has taken a hit amid another major outage that has grinded the network activity to a halt.
Crypto pundit and host of NFT Alpha show, Nick Valdez first brought the development to public attention on Twitter after a series of speculative mentions. A few hours later, the official Solana Twitter handle confirmed the report in the early hours of Saturday.
According to the handle, the network experienced an outage and transactions were no longer being processed. The Solana team assured the community that network developers were already up and about, looking to resolve the issue.
This incident marks the fourth time Solana is experiencing a major outage this year. The network is now renowned within the crypto community for its occasional blackouts, as several proponents have cited the pattern as a reason to steer clear of the chain.
Following confirmation of the outage, Solana shared a document with instructions to validators on steps to take in order to assist in solving the issue. The network has been successfully restarted as of press time, and fully operational.
Despite the resolution, the network's outage lasted for over 8 hours. Solana's price has, in tandem with the majority of the markets, seen a dip within this timeframe. While it might be a reach to ascribe Solana's current price situation to the recent outage, the asset has in the past undoubtedly suffered from a network blackout.
Solana is currently trading at $32.98 as of press time, down 3.43% in the past 24 hours. Since its fall from the lofty position of $47.9 on August 13, the asset has been caught in a bearish pattern. The asset saw a free fall from August 13 to August 19 which brought it below the $40-mark. Solana has not revisited the zone at $40 since then.
Solana's price has taken a hit amid another major outage that has grinded the network activity to a halt.
Crypto pundit and host of NFT Alpha show, Nick Valdez first brought the development to public attention on Twitter after a series of speculative mentions. A few hours later, the official Solana Twitter handle confirmed the report in the early hours of Saturday.
According to the handle, the network experienced an outage and transactions were no longer being processed. The Solana team assured the community that network developers were already up and about, looking to resolve the issue.
This incident marks the fourth time Solana is experiencing a major outage this year. The network is now renowned within the crypto community for its occasional blackouts, as several proponents have cited the pattern as a reason to steer clear of the chain.
Following confirmation of the outage, Solana shared a document with instructions to validators on steps to take in order to assist in solving the issue. The network has been successfully restarted as of press time, and fully operational.
Despite the resolution, the network's outage lasted for over 8 hours. Solana's price has, in tandem with the majority of the markets, seen a dip within this timeframe. While it might be a reach to ascribe Solana's current price situation to the recent outage, the asset has in the past undoubtedly suffered from a network blackout.
Solana is currently trading at $32.98 as of press time, down 3.43% in the past 24 hours. Since its fall from the lofty position of $47.9 on August 13, the asset has been caught in a bearish pattern. The asset saw a free fall from August 13 to August 19 which brought it below the $40-mark. Solana has not revisited the zone at $40 since then.
Terra Luna Price Prediction as Binance Burns $1.8 Million LUNC
The Terra Luna Classic (LUNC) price has dropped slightly in the past 24 hours, dipping by 0.5% to $0.00031545. Yet it remains up by 3% in a week and by 22% in a month, driven largely by Binance having completed a burn of all the trading fees it has collected from LUNC trading between September 21 and October 1.
This amounts to some $1.8 million in LUNC, which given the altcoin's current price, is equivalent to the burning of roughly 5.8 billion LUNC. The market appears to have taken such large-scale destruction as a sign that Binance is willing to support the rehabilitation of LUNC's price, which infamously collapsed in May after Terra issued billions of new LUNC (then known as LUNA) in order to shore up the price of stablecoin UST.
However, with LUNC now over 30,000% up after plunging to an all-time low of $0.000000999967 on May 13, Binance's intervention raises hopes that the disgraced altcoin could continue its near-miraculous recovery. The thing is, while its fractional price does hold out hope of further rises, the lack of a real use case for LUNC means that it's just a plaything of speculators, and may plunge again once they move on to the next trending coin
The Terra Luna Classic (LUNC) price has dropped slightly in the past 24 hours, dipping by 0.5% to $0.00031545. Yet it remains up by 3% in a week and by 22% in a month, driven largely by Binance having completed a burn of all the trading fees it has collected from LUNC trading between September 21 and October 1.
This amounts to some $1.8 million in LUNC, which given the altcoin's current price, is equivalent to the burning of roughly 5.8 billion LUNC. The market appears to have taken such large-scale destruction as a sign that Binance is willing to support the rehabilitation of LUNC's price, which infamously collapsed in May after Terra issued billions of new LUNC (then known as LUNA) in order to shore up the price of stablecoin UST.
However, with LUNC now over 30,000% up after plunging to an all-time low of $0.000000999967 on May 13, Binance's intervention raises hopes that the disgraced altcoin could continue its near-miraculous recovery. The thing is, while its fractional price does hold out hope of further rises, the lack of a real use case for LUNC means that it's just a plaything of speculators, and may plunge again once they move on to the next trending coin
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Bitcoin Price and Ethereum on the Rise, Maker Price Storms 18%
The global crypto market cap on Thursday increased by 0.94%, reaching $964.04 billion during the early European session. Contrarily, the 24-hour volume of all cryptocurrencies has dropped to $60.15 billion, a decrease of 0.90% from the previous day. However, major cryptocurrencies were trading in a narrow range.
DeFi accounted for $3.41B in 24-hour trading, or 5.67% of the whole cryptocurrency market. The total stablecoin volume was $55.75 billion, or 92.69% of the entire 24-hour volume of the cryptocurrency market.
Bitcoin's price is rising, having jumped nearly 3.38% in seven days and now encountering immediate resistance near $20,450. At the same time, Ethereum's price has increased by 2.13% in the last 24 hours to $1,365. Furthermore, MKR is in the spotlight after rising nearly 18% in the last seven days.
The current Bitcoin price is $20,151.98, with a $3.6 billion 24-hour trading volume. Bitcoin is up 0.21% in the last 24 hours and 3.70% in the last seven days.
CoinMarketCap currently holds the top spot, with a live market capitalization of $386,331,986,076. The maximum supply is 21,000,000 BTC coins, with a circulating supply of 19,170,918
The global crypto market cap on Thursday increased by 0.94%, reaching $964.04 billion during the early European session. Contrarily, the 24-hour volume of all cryptocurrencies has dropped to $60.15 billion, a decrease of 0.90% from the previous day. However, major cryptocurrencies were trading in a narrow range.
DeFi accounted for $3.41B in 24-hour trading, or 5.67% of the whole cryptocurrency market. The total stablecoin volume was $55.75 billion, or 92.69% of the entire 24-hour volume of the cryptocurrency market.
Bitcoin's price is rising, having jumped nearly 3.38% in seven days and now encountering immediate resistance near $20,450. At the same time, Ethereum's price has increased by 2.13% in the last 24 hours to $1,365. Furthermore, MKR is in the spotlight after rising nearly 18% in the last seven days.
The current Bitcoin price is $20,151.98, with a $3.6 billion 24-hour trading volume. Bitcoin is up 0.21% in the last 24 hours and 3.70% in the last seven days.
CoinMarketCap currently holds the top spot, with a live market capitalization of $386,331,986,076. The maximum supply is 21,000,000 BTC coins, with a circulating supply of 19,170,918
Terra Luna Classic Price Prediction – When is the Next Binance Token Burn?
The original Terra chain’s Luna Classic (LUNC) token is getting attention again, helped by news that the crypto exchange Binance has implemented a new burn mechanism for it. The question now is how high LUNC can go after the next burn.
When Binance first announced its token burn mechanism for Luna Classic on September 26, the token soared by close to 68% in a day. The news pushed the token up from lows of around $0.00018 that day to around $0.00037 on October 2, more than a doubling of its price in just six days.
Binance conducts the burn by sending trading fees it generates on LUNC spot and margin trading pairs to the LUNC burn address. According to the exchange, the practice will continue to take place every Tuesday “until further notice.”
The next burn is scheduled for Tuesday, October 11, at 00:00 UTC.
Looking forward, it’s difficult to predict where the next short-term move will be, given that the relative strength index (RSI) is now in neutral territory. However, support to the downside exists around the $0.00025 area, as well as around the September 26 low of $0.00018.
To the upside, the first target to look for would be the high from October 2 of $0.00037, after which further upside towards $0.0006 could be in the cards.
Notably, both the 20 and 50-day moving average lines are now below the price and pointing up, indicating that LUNC remains in a clear uptrend on the daily chart
The original Terra chain’s Luna Classic (LUNC) token is getting attention again, helped by news that the crypto exchange Binance has implemented a new burn mechanism for it. The question now is how high LUNC can go after the next burn.
When Binance first announced its token burn mechanism for Luna Classic on September 26, the token soared by close to 68% in a day. The news pushed the token up from lows of around $0.00018 that day to around $0.00037 on October 2, more than a doubling of its price in just six days.
Binance conducts the burn by sending trading fees it generates on LUNC spot and margin trading pairs to the LUNC burn address. According to the exchange, the practice will continue to take place every Tuesday “until further notice.”
The next burn is scheduled for Tuesday, October 11, at 00:00 UTC.
Looking forward, it’s difficult to predict where the next short-term move will be, given that the relative strength index (RSI) is now in neutral territory. However, support to the downside exists around the $0.00025 area, as well as around the September 26 low of $0.00018.
To the upside, the first target to look for would be the high from October 2 of $0.00037, after which further upside towards $0.0006 could be in the cards.
Notably, both the 20 and 50-day moving average lines are now below the price and pointing up, indicating that LUNC remains in a clear uptrend on the daily chart
Ethereum Sees Biggest Network Growth Day in 2022 – Number of Addresses Hits All-Time High
The Ethereum network has seen its biggest one-day growth so far in 2022, with the total number of wallet addresses on the network hitting a fresh all-time high over the weekend. The growth indicates that the real-world utility of the network is rising.
Per data from the crypto analytics firm Santiment, a surge in new addresses created on Ethereum was seen on Saturday, when as many as 135,780 brand new wallet addresses popped up on the network.
The firm noted in a tweet published this weekend that the increase was 11.1% larger than what was seen on January 3, which marked the second biggest day for network growth this year. As explained by Santiment, the network growth means that the utility of the network is rising, which it said “commonly foreshadow potential asset breakouts
The Ethereum network has seen its biggest one-day growth so far in 2022, with the total number of wallet addresses on the network hitting a fresh all-time high over the weekend. The growth indicates that the real-world utility of the network is rising.
Per data from the crypto analytics firm Santiment, a surge in new addresses created on Ethereum was seen on Saturday, when as many as 135,780 brand new wallet addresses popped up on the network.
The firm noted in a tweet published this weekend that the increase was 11.1% larger than what was seen on January 3, which marked the second biggest day for network growth this year. As explained by Santiment, the network growth means that the utility of the network is rising, which it said “commonly foreshadow potential asset breakouts
Tamadoge Ultra-Rare NFT Top Bid Surpasses $2,750 – Is This the Next Big NFT Drop?
One ultra-rare Tamadoge NFT has attracted a top bid of 2.12ETH - 112% over the starting price of 1ETH.
The 100 ultra-rate pets are currently on sale on OpenSea, with the auction running until 2.25pm UTC on Thursday, October 13.
The large bid - approximately $2,750 - has been placed on Tamadoge #1, which features a cowboy hat, glasses, and a beach background.
A number of other big bids have been made, with Tamadoge #42 currently selling for 2ETH.
Just 30 of the NFT pets have max bids at the starting price of 1ETH.
What are Ultra-Rare Tamadoge Pets?
Pets will form the center of the Tamaverse - which is not only the meme coin TAMA, which pumped after its initial exchange (IEO) offering at the end of September.
Unlike other meme coins, Tamadoge was developed to bring long-term utility and use cases to holders and the ultra-rare pets are step one in the ecosystem.
The P2E game - styled in the same vein as 90s craze Tamagotchi and named as our best NFT game - sees players feed, care for, and grow their pets until they become adults, with toys, treats and food bought in the pet store with TAMA.
Then, when they are fully grown, players battle each other for the chance to move up a global leaderboard to win rewards and prizes.
Later in the roadmap other P2E arcade games will be released, while an augmented reality app is in development - meaning pets will leap out of the screen and can explore the real world with their owners.
One ultra-rare Tamadoge NFT has attracted a top bid of 2.12ETH - 112% over the starting price of 1ETH.
The 100 ultra-rate pets are currently on sale on OpenSea, with the auction running until 2.25pm UTC on Thursday, October 13.
The large bid - approximately $2,750 - has been placed on Tamadoge #1, which features a cowboy hat, glasses, and a beach background.
A number of other big bids have been made, with Tamadoge #42 currently selling for 2ETH.
Just 30 of the NFT pets have max bids at the starting price of 1ETH.
What are Ultra-Rare Tamadoge Pets?
Pets will form the center of the Tamaverse - which is not only the meme coin TAMA, which pumped after its initial exchange (IEO) offering at the end of September.
Unlike other meme coins, Tamadoge was developed to bring long-term utility and use cases to holders and the ultra-rare pets are step one in the ecosystem.
The P2E game - styled in the same vein as 90s craze Tamagotchi and named as our best NFT game - sees players feed, care for, and grow their pets until they become adults, with toys, treats and food bought in the pet store with TAMA.
Then, when they are fully grown, players battle each other for the chance to move up a global leaderboard to win rewards and prizes.
Later in the roadmap other P2E arcade games will be released, while an augmented reality app is in development - meaning pets will leap out of the screen and can explore the real world with their owners.
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Terra Luna Classic Price Forecast – When is the Next Binance Token Burn?
Terra Luna Classic is preparing for a bullish move to $0.00037 after holding firmly at the $0.00025 support. Over the last few weeks, its performance continued to disappoint investors, as they counted losses from $0.00037. However, insight from a double-bottom that recently formed on the four-hour chart indicates a 26% move upward may be on the cards.
Terra Luna Classic Token Burn On Binance Catches Momentum
Binance exchange is taking center stage in Terra Luna Classic (LUNC) token burn process. The exchange’s efforts appear to bear fruit, with almost 8.5 billion tokens being wiped from the crypto project’s supply. The second week of the burn process, which started on September 26 and ended on October 1, saw 5.5 billion LUNC tokens erased from existence. Similarly, the week ending on October 8 removed approximately 2.9 billion tokens from the supply.
The largest crypto exchange company has pledged to help Terra Luna Classic reduce its bloated supply with weekly token burn schedules – starting every Tuesday until further notice. The first took place on the 3rd of October, the second on the 11th, and the details of the third burn will be revealed on the 17th of October.
Terra Luna Classic price rallied roughly 68% in 24 hours after Binance CEO Changpeng Zhao (CZ) announced. LUNC jumped from $0.00018 to $0.00037 on October 1 after doubling its value in less than a week.
Terra Luna Classic is preparing for a bullish move to $0.00037 after holding firmly at the $0.00025 support. Over the last few weeks, its performance continued to disappoint investors, as they counted losses from $0.00037. However, insight from a double-bottom that recently formed on the four-hour chart indicates a 26% move upward may be on the cards.
Terra Luna Classic Token Burn On Binance Catches Momentum
Binance exchange is taking center stage in Terra Luna Classic (LUNC) token burn process. The exchange’s efforts appear to bear fruit, with almost 8.5 billion tokens being wiped from the crypto project’s supply. The second week of the burn process, which started on September 26 and ended on October 1, saw 5.5 billion LUNC tokens erased from existence. Similarly, the week ending on October 8 removed approximately 2.9 billion tokens from the supply.
The largest crypto exchange company has pledged to help Terra Luna Classic reduce its bloated supply with weekly token burn schedules – starting every Tuesday until further notice. The first took place on the 3rd of October, the second on the 11th, and the details of the third burn will be revealed on the 17th of October.
Terra Luna Classic price rallied roughly 68% in 24 hours after Binance CEO Changpeng Zhao (CZ) announced. LUNC jumped from $0.00018 to $0.00037 on October 1 after doubling its value in less than a week.
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Ripple CEO ‘Outraged’ by SEC over XRP Lawsuit – Time to Buy XRP?
Ripple Labs CEO Brad Garlinghouse has recently expressed his "outrage" at the US Securities and Exchange Commission (SEC) over the regulator’s lawsuit against Ripple.
In response to a user's tweet on Saturday, Garlinghouse lashed out at the SEC for suing the company, noting that there won't be any consequence to those who started it even if they prove to be wrong. He also claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law.
"My outrage has grown as the litigation has unfolded," he said. "There is no recourse, there is no consequence to those that brought this lawsuit. The SEC’s pursuit of a policy objective isn’t about “a faithful allegiance to the law”. It’s about power."
Garlinghouse also mentioned there will be no "regard" for those affected by the SCE's actions, drawing attention to the agency's blatant lack of concern for individuals and companies that have been hurt by its approach
"There is no regard for those companies and people that this approach has harmed. We all should be outraged. The SEC has clearly forgotten that the government works for the people," he said.
Meanwhile, many inside the crypto community showed support for XRP while criticizing Ripple. Many also noted that there is vast upside potential for XRP in case Ripple wins the lawsuit.
The Finder panel, a gathering of in-industry experts, has said that XRP could surge as high as $3.81 by the end of 2025 if the company beats the SEC in the lawsuit, which represents an approximately 10x gain.
At the time of writing, XRP is trading around $0.4683, down by 3.42% over the past 24 hours. The coin is down by 87.84% from its all-time high of $3.84 recorded in January 2018 and up by more than 16,000% from its all-time low of $0.002802, according to data by CoinMarketCap.
Ripple Labs CEO Brad Garlinghouse has recently expressed his "outrage" at the US Securities and Exchange Commission (SEC) over the regulator’s lawsuit against Ripple.
In response to a user's tweet on Saturday, Garlinghouse lashed out at the SEC for suing the company, noting that there won't be any consequence to those who started it even if they prove to be wrong. He also claimed that the SEC's lawsuit was a show of power rather than a legitimate attempt to enforce the law.
"My outrage has grown as the litigation has unfolded," he said. "There is no recourse, there is no consequence to those that brought this lawsuit. The SEC’s pursuit of a policy objective isn’t about “a faithful allegiance to the law”. It’s about power."
Garlinghouse also mentioned there will be no "regard" for those affected by the SCE's actions, drawing attention to the agency's blatant lack of concern for individuals and companies that have been hurt by its approach
"There is no regard for those companies and people that this approach has harmed. We all should be outraged. The SEC has clearly forgotten that the government works for the people," he said.
Meanwhile, many inside the crypto community showed support for XRP while criticizing Ripple. Many also noted that there is vast upside potential for XRP in case Ripple wins the lawsuit.
The Finder panel, a gathering of in-industry experts, has said that XRP could surge as high as $3.81 by the end of 2025 if the company beats the SEC in the lawsuit, which represents an approximately 10x gain.
At the time of writing, XRP is trading around $0.4683, down by 3.42% over the past 24 hours. The coin is down by 87.84% from its all-time high of $3.84 recorded in January 2018 and up by more than 16,000% from its all-time low of $0.002802, according to data by CoinMarketCap.
Bank of America Survey: Young People 7.5x More Likely to Hold Crypto
Young Americans aged between 21 and 42 are 7.5 times more likely to hold crypto in their portfolios than investors over 43, a new survey from Bank of America shows.
According to the survey, younger Americans with money to invest are also less interested in stocks than older investors, with the younger cohort instead viewing crypto and other so-called alternative investments as their “No. 1 choice.”
An alternative investment normally refers to investments in any other asset than stocks, bonds and cash. This investment category has become increasingly popular in recent years, as many investors have seen the stock market as overvalued and risky, while bank savings have paid out interest rates far below the rate of inflation in most Western countries.
“While overall crypto usage is low, younger people are 7.5 times more likely to hold crypto in their portfolios and five times more likely to say they understand it quite well,” the bank commented, stressing the importance of age when it comes to interest in crypto investing.
In terms of where young investors go to find information about crypto investment opportunities, the bank said social media is the most popular. “Half of the younger group said they turn to social media for guidance on crypto, compared with 30% of the older group,” the BofA survey said.
Meanwhile, the survey also found that a whopping 75% of investors between the ages of 21 and 42 do not believe it is possible to achieve “above-average returns” with a traditional portfolio consisting solely of stocks and bonds.
Young Americans aged between 21 and 42 are 7.5 times more likely to hold crypto in their portfolios than investors over 43, a new survey from Bank of America shows.
According to the survey, younger Americans with money to invest are also less interested in stocks than older investors, with the younger cohort instead viewing crypto and other so-called alternative investments as their “No. 1 choice.”
An alternative investment normally refers to investments in any other asset than stocks, bonds and cash. This investment category has become increasingly popular in recent years, as many investors have seen the stock market as overvalued and risky, while bank savings have paid out interest rates far below the rate of inflation in most Western countries.
“While overall crypto usage is low, younger people are 7.5 times more likely to hold crypto in their portfolios and five times more likely to say they understand it quite well,” the bank commented, stressing the importance of age when it comes to interest in crypto investing.
In terms of where young investors go to find information about crypto investment opportunities, the bank said social media is the most popular. “Half of the younger group said they turn to social media for guidance on crypto, compared with 30% of the older group,” the BofA survey said.
Meanwhile, the survey also found that a whopping 75% of investors between the ages of 21 and 42 do not believe it is possible to achieve “above-average returns” with a traditional portfolio consisting solely of stocks and bonds.
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Over 70% of Surveyed El Salvador Citizens Say the Country’s Bitcoin Strategy Has Failed
Just above three-quarters of surveyed Salvadorians reportedly see the adoption of bitcoin (BTC) as a failure.
According to the poll by the University of Central America (UCA), as reported by Barron’s, 77% of respondents consider the BTC adoption as legal tender in 2021, alongside the dollar, "to have been a failure."
75.6% of respondents said they haven’t used crypto in 2022 at all.
The UCA rector Andreu Oliva, commenting on the results of the study, was quoted as saying that,
“Bitcoin is the government's most unpopular measure, the most criticized and the most frowned upon.”
The UCA study also found that 77% of Salvadorans think that President Nayib Bukele "should not continue to spend public money to buy Bitcoin."
In July this year, Bukele announced that the country had bought yet another “dip” – purchasing BTC 80 at a price of USD 19,000 per coin. It appears that Bukele has authorized the purchase of some BTC 2,381 to date, spending almost $105 million of public funds in the process.
Bitcoin was adopted as a legal tender in the country in September 2021. Bukele aimed to promote crypto transfers from about three million Salvadorans living overseas to their relatives in the country, hence also saving on bank charges, the Barron’s noted, stating that it was a strategic decision as remittances make up more than a quarter of El Salvador's gross domestic product.
Yet, as reported in August this year, a report cited data from the Central Reserve Bank that claimed that under 2% of remittances made to El Salvador make use of the state-operated Chivo bitcoin app and wallet. Furthermore, bitcoin ATM booths in the nation were “empty” less than a year after their launch. The government, however, claimed that the app is still popular among many citizens.
In April, the American National Bureau of Economic Research published a survey that showed 20% of Salvadorans were continuing to make use of the Chivo Wallet.
Just above three-quarters of surveyed Salvadorians reportedly see the adoption of bitcoin (BTC) as a failure.
According to the poll by the University of Central America (UCA), as reported by Barron’s, 77% of respondents consider the BTC adoption as legal tender in 2021, alongside the dollar, "to have been a failure."
75.6% of respondents said they haven’t used crypto in 2022 at all.
The UCA rector Andreu Oliva, commenting on the results of the study, was quoted as saying that,
“Bitcoin is the government's most unpopular measure, the most criticized and the most frowned upon.”
The UCA study also found that 77% of Salvadorans think that President Nayib Bukele "should not continue to spend public money to buy Bitcoin."
In July this year, Bukele announced that the country had bought yet another “dip” – purchasing BTC 80 at a price of USD 19,000 per coin. It appears that Bukele has authorized the purchase of some BTC 2,381 to date, spending almost $105 million of public funds in the process.
Bitcoin was adopted as a legal tender in the country in September 2021. Bukele aimed to promote crypto transfers from about three million Salvadorans living overseas to their relatives in the country, hence also saving on bank charges, the Barron’s noted, stating that it was a strategic decision as remittances make up more than a quarter of El Salvador's gross domestic product.
Yet, as reported in August this year, a report cited data from the Central Reserve Bank that claimed that under 2% of remittances made to El Salvador make use of the state-operated Chivo bitcoin app and wallet. Furthermore, bitcoin ATM booths in the nation were “empty” less than a year after their launch. The government, however, claimed that the app is still popular among many citizens.
In April, the American National Bureau of Economic Research published a survey that showed 20% of Salvadorans were continuing to make use of the Chivo Wallet.
Bitcoin Cash Price Prediction – Can BCH Reach $10,000?
Bitcoin Cash price is entangled in a futile tug-of-war between the bulls and bears. This fruitless search for a bottom as the bear market wreaks havoc is not unique to the Bitcoin (BTC) fork.
The largest cryptocurrency has been forced to face a new technical outlook after slipping beneath $19,000. If this support is not reclaimed as soon as possible, Bitcoin price could lose more ground toward its June low at $17,708.
On the other hand, Bitcoin Cash dodders at $104 ahead of the weekend on Friday, October 21, 2022. It has been five years since BCH achieved its all-time high of $3,785. The token has now retraced 97.2% from that record high.
The future of Bitcoin Cash is intertwined with that of the general cryptocurrency market. If pressure does not ease off BCH, support at $100 could be obliterated in favor of a n extended leg down to $79.25. Bitcoin Cash may retest its all-time low at $76.93 before reversing the trend significantly north.
Bitcoin Cash price is entangled in a futile tug-of-war between the bulls and bears. This fruitless search for a bottom as the bear market wreaks havoc is not unique to the Bitcoin (BTC) fork.
The largest cryptocurrency has been forced to face a new technical outlook after slipping beneath $19,000. If this support is not reclaimed as soon as possible, Bitcoin price could lose more ground toward its June low at $17,708.
On the other hand, Bitcoin Cash dodders at $104 ahead of the weekend on Friday, October 21, 2022. It has been five years since BCH achieved its all-time high of $3,785. The token has now retraced 97.2% from that record high.
The future of Bitcoin Cash is intertwined with that of the general cryptocurrency market. If pressure does not ease off BCH, support at $100 could be obliterated in favor of a n extended leg down to $79.25. Bitcoin Cash may retest its all-time low at $76.93 before reversing the trend significantly north.
XRP Price Prediction – Can XRP Reach $50 if it Wins the SEC Lawsuit?
XRP price has lost much of its month-long upward momentum, making it brush shoulders with $0.55 twice before falling back down again. The small wins Ripple Labs has been bagging in court has improved sentiment among the XRP Army.
Even though the price corrected to $0.42, investors and experts are looking forward to XRP reclaiming its all-time high at $3.40 and blasting to $50 in the long term if there is a positive outcome from the lawsuit.
A win against the SEC (Securities and Exchange Commission) is crucial for this to happen. The SEC filed a lawsuit against Ripple Labs, the company behind the XRP token, and its top executives in December 2020.
The regulator alleged that Ripple sold unregistered securities (XRP), violating the Securities law. Almost two years after the filing, the court is yet to provide a ruling which some believe will impact the entire cryptocurrency industry. In other words, the court will determine what constitutes a security, setting precedence for other cryptos in the future.
Two firms, I-Remit and TapJets, were recently allowed by the US District Judge Analisa Torres to act as amicus curiae in the Ripple Vs. SEC lawsuit. The judge ruled that both have until the end of October to file their amicus brief.
Moreover, the contents of the highly contested Hinman speech will now be accessible against the SEC's wishes. Ripple has argued that the documents containing a speech by Willian Hinman, a former SEC commissioner, are essential to the case and must be considered.
In other words, Ripple expects to find the last bullet to use against the regulator regarding how Bitcoin (BTC) and Ethereum (ETH) were categorized as cryptocurrencies and not securities.
XRP price has lost much of its month-long upward momentum, making it brush shoulders with $0.55 twice before falling back down again. The small wins Ripple Labs has been bagging in court has improved sentiment among the XRP Army.
Even though the price corrected to $0.42, investors and experts are looking forward to XRP reclaiming its all-time high at $3.40 and blasting to $50 in the long term if there is a positive outcome from the lawsuit.
A win against the SEC (Securities and Exchange Commission) is crucial for this to happen. The SEC filed a lawsuit against Ripple Labs, the company behind the XRP token, and its top executives in December 2020.
The regulator alleged that Ripple sold unregistered securities (XRP), violating the Securities law. Almost two years after the filing, the court is yet to provide a ruling which some believe will impact the entire cryptocurrency industry. In other words, the court will determine what constitutes a security, setting precedence for other cryptos in the future.
Two firms, I-Remit and TapJets, were recently allowed by the US District Judge Analisa Torres to act as amicus curiae in the Ripple Vs. SEC lawsuit. The judge ruled that both have until the end of October to file their amicus brief.
Moreover, the contents of the highly contested Hinman speech will now be accessible against the SEC's wishes. Ripple has argued that the documents containing a speech by Willian Hinman, a former SEC commissioner, are essential to the case and must be considered.
In other words, Ripple expects to find the last bullet to use against the regulator regarding how Bitcoin (BTC) and Ethereum (ETH) were categorized as cryptocurrencies and not securities.
A Project for Earning while Breathing
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When you buy an NFT trainer, you get (for free!) a real Oumua Pro trainer paired with a web3 DApp that allows you to make crypto while literally breathing.
Breathe2Earn concept is built around doing breathing exercises using the Oumua Pro trainer and Oumua app, as well as earning OUM/MUA, the utility and governance tokens of the ecosystem. It helps you level up your NFT and unlock the boosters. Higher the level - higher the returns, rarer the NFT - higher the returns, better the boosters - ... you get it.
Do not miss your chance, mint this NFT, and start making money while breathing!
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Like STEPN, but better!? Check out Oumua right away!
The main idea is Breathe to Earn. Absolutely Amazing!
Here are my top three reasons why you must join now:
🌬Earn for breathing (no-brainier)
🌬Actually improving your health, well-being and athletic performance
🌬It won't die in a month because presence of physical devices in the ecosystem doesn’t allow inflation to rise indefinitely (not like STEPN lol)
All you need is to join the whitelist now and get a chance to be an NFT holder👉 and gain entry to the Oumua promo fund of 1,000,000 tokens!
When you buy an NFT trainer, you get (for free!) a real Oumua Pro trainer paired with a web3 DApp that allows you to make crypto while literally breathing.
Breathe2Earn concept is built around doing breathing exercises using the Oumua Pro trainer and Oumua app, as well as earning OUM/MUA, the utility and governance tokens of the ecosystem. It helps you level up your NFT and unlock the boosters. Higher the level - higher the returns, rarer the NFT - higher the returns, better the boosters - ... you get it.
Do not miss your chance, mint this NFT, and start making money while breathing!
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Fantasy Card Game Calvaria Could Become the Top P2E Platform – Here’s What You Need to Know
Battle card game Calvaria raced through stage 1 of its presale and is now 50% sold out in stage 2 – and has just passed the $350,000 mark.
The new gaming project is to revolutionize the world of blockchain gaming by solving one of its biggest problems - a small player base - in a unique way.
While previous play-to-earn (P2E) games have struggled to attract players, despite their great potential, Calvaria will release two versions of its main Duels of Eternity game - one P2E and one free-to-play (F2P).
Calvaria Developers to Solve Two Blockchain Gaming Issues
The founders of Calvaria believe there are two major reasons casual and traditional gamers are not making the switch to P2E.
The first is that players can't even try a game without it being prohibitively expensive - needing to purchase expensive NFTs or in-game tokens to take part.
The second is that players require some level of technical knowledge, such as how to use a crypto wallet, which can be offputting.
Calvaria is aiming to solve these two issues with its F2P game.
The game, which will be available in app stores, will be totally free to try and play, with developers hoping the game itself will attract some players over to the blockchain.
Secondly, the free version will include a visible tracker showing how much a player could have earned had they been playing the P2E version.
Finally, the F2P game will include a gamified educational mode that teaches players about blockchain technology and distributes rewards.
Battle card game Calvaria raced through stage 1 of its presale and is now 50% sold out in stage 2 – and has just passed the $350,000 mark.
The new gaming project is to revolutionize the world of blockchain gaming by solving one of its biggest problems - a small player base - in a unique way.
While previous play-to-earn (P2E) games have struggled to attract players, despite their great potential, Calvaria will release two versions of its main Duels of Eternity game - one P2E and one free-to-play (F2P).
Calvaria Developers to Solve Two Blockchain Gaming Issues
The founders of Calvaria believe there are two major reasons casual and traditional gamers are not making the switch to P2E.
The first is that players can't even try a game without it being prohibitively expensive - needing to purchase expensive NFTs or in-game tokens to take part.
The second is that players require some level of technical knowledge, such as how to use a crypto wallet, which can be offputting.
Calvaria is aiming to solve these two issues with its F2P game.
The game, which will be available in app stores, will be totally free to try and play, with developers hoping the game itself will attract some players over to the blockchain.
Secondly, the free version will include a visible tracker showing how much a player could have earned had they been playing the P2E version.
Finally, the F2P game will include a gamified educational mode that teaches players about blockchain technology and distributes rewards.
Binance Confirms $500 Million Investment in Elon Musk Twitter Takeover
Major crypto exchange has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover.
Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time):
"Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter."
CZ was referring to a question asked in Saudi Arabia, where he was attending a conference, about whether he'd stand by the financial commitment to Musk.
According to Bloomberg's report on Tuesday, the CEO replied,
"I think so."
CZ further commented on the deal in his tweets on Thursday, with some well-known players in the industry supporting the deal as well, such as crypto-asset trader and Blockroots founder Josh Rager.
“We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology."
Binance said back in May that it would commit this amount of money to Musk's $44 billion buyout of Twitter.
As of Thursday, the deal has now officially gone through and Elon Musk tweeted a video of himself entering Twitter headquarters on October 26.
Major crypto exchange has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover.
Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time):
"Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter."
CZ was referring to a question asked in Saudi Arabia, where he was attending a conference, about whether he'd stand by the financial commitment to Musk.
According to Bloomberg's report on Tuesday, the CEO replied,
"I think so."
CZ further commented on the deal in his tweets on Thursday, with some well-known players in the industry supporting the deal as well, such as crypto-asset trader and Blockroots founder Josh Rager.
“We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology."
Binance said back in May that it would commit this amount of money to Musk's $44 billion buyout of Twitter.
As of Thursday, the deal has now officially gone through and Elon Musk tweeted a video of himself entering Twitter headquarters on October 26.
