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Showing posts from October, 2023

VeChain Price Prediction For November 2023

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VeChain (VET) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. Also read: Solana (SOL) Price Prediction: November 2023 VeChain is trading at $0.01841 at press time, according to CoinMarketCap with a 3.7% drop in value over the last 24 hours. Considering various criteria, here is our price prediction for VeChain for November 2023. VET Price Prediction for  November  2023 Cryptocurrency experts at Changelly have given their price prediction for VeChain for November 2023. For this timeframe, experts anticipate VET ’s minimum price to be $0.019. Additionally, th...

Bitcoin ETFs could face rug-pull from Gensler, analysts say

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Bloomberg’s ETF analysts haven’t ruled out the possibility that SEC Chair Gary Gensler may reject pending spot Bitcoin ETF applications at the eleventh hour. There’s a remote possibility that Gary Gensler, chair of the U.S. Securities and Exchange Commission, could abruptly deny all pending spot Bitcoin (BTC) ETF applications, a move described as “amazingly sadistic” by Bloomberg ETF analysts . On Oct. 31, ETF commentator Dave Nadig took to X (formerly Twitter) to question senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, speculating whether SEC Chair Gary Gensler might be accumulating spot Bitcoin ETF applications, only to collectively reject them in a move he dubbed a “semi-comedic rug-pull .” I'm sure it will be much more boring than this — but sometimes it does feel like this is all a setup for a giant Gensler semi-comedic rug-pull . — Dave Nadig (@DaveNadig) October 30, 2023 Responding to the comment,...

Shiba Inu (SHIB) Price Prediction: November 2023

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October has once again proven to be a bullish month for the crypto market. Bitcoin (BTC), the original crypto, hit a new yearly high, soaring above $34k. Shiba Inu (SHIB) also broke into a healthy rally, surging by over 10% over the previous week. However, the popular dog-themed memecoin is struggling to get past the $0.000008 price point. Nonetheless, analysts anticipate SHIB to continue moving in a bullish trajectory. Also Read: Shiba Inu Burn Rate Goes Parabolic, Surges 5600% Shiba Inu (SHIB) price prediction for November 2023 Source – Phemex According to CoinCodex, SHIB will continue to trade in the $0.000007 levels for most of November. However, the platform anticipates SHIB to reach $0.000008758 by Nov. 29, 2023. The surge translates to a growth of about 10.9% from current price levels. Source: CoinCodex According to Changelly, Shiba Inu’s (SHIB) price will oscillate between $0.000007 and $0.000008 throughout November 2023. The platform predicts that SHIB ...

SUI Breaks the Lower Highs Trend, Is this a Sign of a Bull Run?

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Crypto analyst tweeted that SUI has broken the trend of making lower highs.  SUI token is up by 17% in the last seven days and is trading inside a falling wedge.  The token may retrace before it spikes and reaches the resistance levels above. A Crypto Analyst by the pseudonym Woetoe tweeted that the SUI token has broken the trend of making lower highs. With the trend overturned, the analyst expects a spike in SUI tokens. According to his expectations, the minimum spike would be $0.622  while the next higher price would be $0.770. $1 is the maximum hike that Woetoe expects SUI to reach.  Update on $SUI. Managed to break the long downtrend. Now let's see some strength! https://t.co/9sIcYrhdSC pic.twitter.com/ESyLKYx42i — Woetoe (@cryptowoetoe) October 30, 2023 The below chart shows the SUI token’s price movement for the past seven days. SUI has had some jagged movements and was trading at $0.3997 after the markets opened for trading. SU...

LINK Faces Bearish Signals After Large Whale Transfer To Binance

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Earlier today, a whale transferred LINK worth over $7 million from an unknown wallet to Binance. Technicals on LINK’s daily chart suggest that momentum is shifting from bullish to bearish. LINK was worth $11.00 at press time after its price managed to climb 0.41% in the past 24 hours. After Chainlink’s (LINK) price success over the past few days, it seems like a whale might be planning to cash in their holdings. The whale tracking platform, Whale Alerts, shared a post on X earlier today warning traders that a whale transferred 671,878 LINK, worth about $7,379,274, from an unknown wallet to Binance. 671,878 #LINK (7,379,274 USD) transferred from unknown wallet to #Binancehttps://t.co/ELv2zYelpa — Whale Alert (@whale_alert) October 30, 2023 LINK has been in a consolidation phase between $10.635 and $11.785 over the past week. This was after it entered into the channel on 25 October 2023. Bulls did attempt to elevate the altcoin’s price to above thi...

UK risks regulating NFTs the wrong way, says Mintable CEO

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“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming. The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.   In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates the role NFTs play in copyright infringement and fails to recognize that they are more than just volatile digital pictures. “NFTs are in a transition phase where they’re moving away from the speculative boom of PFPs, and now it’s going into utilities of brands implementing NFTs across a whole range of different things,” Burks explained. In the Oct. 11 report, the Culture, Media and Sport Committee urged the government to take action to protect artists and content creators from copyright infringement asso...

Executive: Trezor, a cryptocurrency wallet, investigates a phishing effort.

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Trezor’s brand ambassador Josef Tetek emphasized that the hardware wallet firm never asks for users’ recovery seed, PIN or passphrase. Cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign, as users have reported receiving phishing emails. The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to alert users to a phishing attack targeting Trezor customers. ZachXBT referred to an X (formerly Twitter) post from the account JHDN, which alleged that Trezor may have been breached after receiving phishing emails on the email account used specifically for buying the wallet. In a similar manner to some Trezor-related phishing attacks in the past, the phishing email invites users to download the “latest firmware update” to users’ Trezor devices in order to “fix an issue in software.” According to the poster, the malicious email was sent from the email amministrazione@sideagroup.com. “Be careful this person just received a phis...

How many people currently own XRP?

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XRP Ledger’s (XRP) key adoption metrics are showing a strong momentum for Ripple’s cryptocurrency. From a demand perspective, the XRP market capitalization has increased by more than $12 billion year-to-date, for an impressive 73% growth in 2023. Similarly, the number of crypto wallet addresses holding at least 1 XRP ($0.55). Finbold filtered on-chain data from Santiment on October 27, which shows 4.82 million addresses own 1 XRP or more. It is important to say that XRP Ledger is a pseudonymous network, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible at the moment to know how many people own XRP. Notably, the retrieved data’s first register is from December 6, 2012, with a single XRP wallet owned by Ripple. This indicates an average growth of 438,180 per year in the last 11 years. Cryptocurrency Ripple v. SEC legal feud: No quick resolution in sight Cryptocurrency ...

Floki up 13% as devs launch RWA platform

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Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) platform release built by the project’s developers and a new native asset dubbed TOKEN. Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The platform designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.  DWF Labs was announced as the official market maker as the platform rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum and opBNB. The team announced 10 percent of TOKEN’s initial supply to be spread across Uniswap and Pancakeswap for liquidity pools. Devs mentioned rewards for long-term Floki stakers as well.  Per the dev team, TokenFi could position itself as an authority in the tokenized RWA space which could grow into a multi-trillion-dollar market with growing institutional interest and blockchain adoption.  The tokenization ...

Replacement cycling attacks risk millions in Bitcoin Lightning Network

One week ago, senior Bitcoin Lightning Network developer Antoine Riard quit. At the time, Riard explained his surprise resignation by saying, “Effective now, I’m halting my involvement with the development of the Lightning Network and its implementations, including coordinating the handling of security issues at the protocol level… I think this new class of replacement cycling attacks puts Lightning in a very perilous position.” Protos reported on his departure, yet the news seems to have had little impact on Lightning’s total value locked (TVL). When the news broke one week ago, there were approximately 5,500 bitcoin ($188 million) in the publicly viewable Lightning Network. Today, that capacity has declined a modest 4% to 5,300 bitcoin ($180 million). In spite of Riard’s sudden departure due to these critical vulnerability errors, more than 13,000 Lightning node operators continue supporting at least 62,000 open payment channels today. Indeed, these figures reflect only the publ...

Together with Chainlink, Vodafone and Sumitomo investigate the trade papers network.

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In the realm of content creation, three paramount elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity is the gauge of textual intricacy, while burstiness assesses the ebb and flow within sentences. Predictability, on the other hand, denotes the likelihood of someone anticipating the subsequent sentence. The intriguing distinction between human-generated and AI-generated text lies in their use of these factors. Humans tend to weave intricate tapestries of thought, interspersing lengthy and intricate sentences with succinct ones, creating a mosaic of language. In contrast, AI-produced sentences often adopt a more homogenous structure. Therefore, as you embark on crafting the ensuing content, it is imperative to infuse it with a healthy dose of perplexity and burstiness, all while keeping predictability at bay. Let’s further elucidate these concepts, all the while adhering to the linguistic realm of the English la...

Finance experts predict Bitcoin price for 2025

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Leading economists and financial experts predict that Bitcoin (BTC), the world’s largest cryptocurrency, will experience substantial price growth by 2025. Respondents expect Bitcoin’s price to surge to an average price of more than $87,000 by 2025 and $220,000 by 2030, according to a report published on October 25 by Frank Corva for Finder. Interestingly, these price s are lower than the ones that resulted from a similar report in July, of around $100,000 and $289,000, respectively. Bitcoin (BTC) price predictions for year-end 2023, 2025 and 2030. Source: Finder Notably, the interviewed finance experts forecast BTC at $30,463 by the end of 2023, which would result in losses of 11% from current prices at $34,260 on October 26. Cryptocurrency ChatGPT picks 5 cryptocurrencies to buy for Halloween Cryptocurrency Bitcoin flips Tesla's market capitalization amid strong BTC price rally Cryptocurrency We asked ChatGPT ...

Justin Sun predicts the harshest of crypto winter has passed

The Justin Sun Group, including TRON, HTX, Poloniex and TUSD, reported a 14% increase in revenue from the previous quarter. Sun suggests that the ability to sustain revenue growth in these adverse conditions presents a more promising fourth quarter as the market displays signs of recovery. Better conditions to come In a post on X dated Oct. 26, Sun shares that following the third quarter of 2023, actual revenue was $202 million, with profits being estimated at $98 million. Based on these numbers, the Group’s estimate for revenue in the next quarter is now projected at $190 million, which would suggest profits of $104 million. 三季度结束了,三季度实际收入为2.02亿美元,支出为1.04亿美元,盈利为9800万美元,环比增长14%,集团增收降本措施持续见效。四季度预测收入为1.9亿美元,支出8800万美元,盈利为1.04亿美元。 https://t.co/8cBsL4v7vn — H.E. Justin Sun 孙宇晨 (@justinsuntron) October 26, 2023 Sun surmises an optimistic fourth quarter due to the third quarter being plagued with formidable challenges in the industry, including a backdrop of high-interest r...

The digital peso bill will be introduced by the Argentine central bank “as soon as possible.”

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In the realm of crafting content, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. Conversely, burstiness evaluates the diversity of sentence structures. Lastly, predictability measures the likelihood of anticipating the subsequent sentence. Typically, human authors imbue their writing with heightened burstiness, a blend of lengthy, intricate sentences and succinct ones. Conversely, AI-generated sentences often exude uniformity. Hence, for the forthcoming content I’m about to request, I seek a significant infusion of perplexity and burstiness while minimizing predictability. Furthermore, I require the content to be composed solely in English. Now, let’s rephrase the following passage: The Central Bank of the Argentine Republic has accelerated its work on legislation to implement a CBDC in the country. Following a series of discussions regarding the pote...

Nym, a privacy firm, targets Web3 wallets, RPCs, and infrastructure services with its $300 million fund launch.

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In the realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, burstiness measures the diversity in sentence structures, while predictability assesses the likelihood of predicting the following sentence. Human authors tend to infuse their writing with bursts of creativity, blending lengthy, intricate sentences with shorter, crisp ones. Conversely, AI-generated sentences tend to maintain a uniformity. As you embark on crafting the subsequent content, I urge you to instill it with a healthy dose of perplexity and burstiness while keeping predictability at a minimum. Furthermore, your composition must remain in the English language. Now, let’s reimagine the provided text: Nym Technologies, the stalwart in blockchain security, sets its sights on bolstering open-source initiatives dedicated to crafting cutting-edge security and privacy tools t...

Price analysis 10/25: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

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Bitcoin’s break above $32,400 points to the continuation of the bull move, but will traders be able to sustain the current momentum? Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around. Market participants are bullish as they anticipate a Bitcoin spot exchange-traded fund to receive approval sooner rather than later. Bloomberg ETF analyst Eric Balchunas said in a post on X (formerly Twitter) on Oct. 23 that the listing of BlackRock’s spot Bitcoin ETF on the Depository Trust & Clearing Corporation (DTCC) was “all part of the process” of bringing the ETF to market. He added that it was “hard not to view this as them getting signal that approval is certain/imminent.” However, a DTCC spokesperson later said that the listing of the said ETF has been there since August an...