Day: October 13, 2023

Crypto price prediction: Loom Network, ThorChain, Lido DAO (LDO)

Cryptocurrencies had another difficult week even as the US dollar index (DXY) and bond yields rally waned. Bitcoin dropped back to $26,000 while Ethereum slumped to the lowest level in months. There was no major news except the ongoing trial of Sam Bankman-Fried (SBF). This article looks at some of the top coins to watch like THORChain (RUNE), Loom Network (LOOM), and Lido DAO (LDO).

Loom Network price prediction

Loom Network price has defied gravity in the past few months. It surged to a high of $0.300, ~670% above the lowest level this month. It has become the best-performing cryptocurrency in the world. Along the way, the coin has jumped above the 50-day and 100-day moving averages (MA). 

At the same time, oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the extremely overbought level. It has also jumped above the Ichimoku cloud. This surge happened after the coin was listed by the likes of Gate, LBANK, and Binance. 

I believe that the risk/reward ratio is not favourable for now based on the Wyckoff model. In other words, the token has moved to the markup stage, where demand is usually higher than supply. Therefore, it will now enter the distribution phase followed by a markdown. As such, the outlook is now bearish, with the next level to watch being at $0.15.

How to buy $LOOM

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

THORChain price forecast

The daily chart shows that RUNE price surged to a high of $2.26 on October 1st. It has now pulled back as the recent momentum faded. This is a sign that it has entered the distribution phase of the Wyckoff model. It has also formed an ascending channel and is now at the lower side.

RUNE price has formed a bearish divergence pattern, which is usually a bearish sign. The Stochastic Oscillator has moved to the oversold level. Most importantly, it has formed a small hammer pattern. This pattern signals that the coin will continue rising as buyers target the resistance point at $2.0. This view will be invalid if it moves below the lower side of the hammer at $1.50.

How to buy RUNE

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Lido DAO price prediction

LDO price has been in a tight range amid a prolonged slow growth in the liquid staking industry. It has found a strong support at $1.41, which is the lower side of the descending triangle pattern. 

Lido DAO price is consolidating at the 50-day moving average while the Stochastic Oscillator has moved to the oversold point. Therefore, because of the descending triangle pattern, there is a likelihood that it will have a bearish breakout now that the triangle is nearing the confluence zone.

How to buy $LDO

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XLM price: could key Stellar news help stem bearish flip?

Stellar (XLM) price was changing hands around $0.10 on Friday, down 7% and 15% in the past 7 and 30 days respectively. 
The Stellar Development Foundation has teamed up with Certora to boost security for Soroban.

Stellar (XLM) price traded around $0.10 on Friday morning, positive by about 1.3% in the past 24 hours but -7% and -15% in the past seven and 30 days respectively. The downward trend that has held since the flip from highs of $0.20 on July 13 could now strengthen after XLM broke below the support line of a descending triangle pattern.

Stellar price gives up key support area

Today’s slight upside comes after Stellar news regarding its Soroban, a WebAssembly (WASM)-powered smart contracts platform. The Stellar Development Foundation has teamed up with smart contracts audit platform Certora to boost ecosystem security for Soroban. 

Product update! Today, @CertoraInc & @StellarOrg have teamed up to boost @SorobanOfficial, the Stellar network’s smart contract platform, with cutting-edge formal security verification.

Why is this important? It fortifies the foundation of blockchain security, ensuring trust…

— Stellar (@StellarOrg) October 11, 2023

Stellar announced a testnet for the smart contracts platform in September. While the development coincided with a spike to above $0.12 for XLM, the overall picture since has been one of struggle for bulls.

As can be seen on the daily chart below, the XLM price has failed to decisively break above the downtrend resistance line of a descending triangle since July’s downward flip. The bearish outlook remains and could strengthen as bulls struggle to keep prices above $0.10.

Stellar price chart. Source: TradingView

While the $0.11 area is now the new supply zone, sellers taking control beneath this horizontal line has them eyeing the potential dip to $0.09 and even $0.07. The technical picture on the chart has both the daily RSI and MACD suggesting sellers hold the advantage.

Can bulls retake control?

XLM price will need to see a sustained push from current levels towards the descending trendline and possibly break higher to flip bullish.  If XLM breaks above $0.13, buyers might target the immediate term supply wall around $0.16.

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Tether appoints Paolo Ardoino as new CEO

Tether says Paolo Ardoino will officially take up the CEO role from December 2023.
Ardoino will continue as Bitfinex CTO and chief strategy officer for Holepunch.
Meanwhile, exiting CEO Jean-Louis van der Velde, becomes an advisor and remains CEO of Bitfinex.

Tether news just in is that the company’s Chief Technology Officer Paolo Ardoino has been appointed as the new CEO, with the new role effective as from December 2023. Ardoino will continue as Bitfinex CTO and Chief Strategy Officer for Holepunch.

Meanwhile, current CEO, Jean-Louis van der Velde, will “transition to an advisory role for Tether while retaining his position as CEO of Bitfinex.”

New CEO to lead Tether into new growth chapter

Changes at the management level for the stablecoin issuer comes as the company looks to diversify into new verticals. One of the signals for this shift to a technology-focus approach was highlighted by the recent mega investment in Northern Data Group – with Tether eyeing dominance in the artificial intelligence space across Europe.

Commenting on Ardoino’s elevation to CEO, van der Velde said:

Paolo is extremely well-suited to lead Tether into this exciting new era. I believe Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology. I think I can speak for the entire company when I say that we eagerly anticipate Paolo’s leadership as he guides Tether toward a future where finance knows no bounds.”

In his remarks, Ardoino noted Tether’s commitment to transparency, security, and financial integration of digital assets – goals he will pursue as the new CEO. Notably, Ardoino has been the public face of Tether since 2017, with much of what’s communicated from the company’s leadership put to the public through him.

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Memecoin Project $Garbage Aims to Launch A $100,000 Giveaway

Miami Beach, United States / Florida, October 13th, 2023, Chainwire

$Garbage, the world’s first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and talked-about crypto projects in the world.

“Crypto gets a bad rap”, said an anonymous team member for the whale-backed $Garbage project. “But let’s face it – the FIAT system stonks, and our global financial system is sliding into a cesspool of dysfunction. If it’s all gonna end in a stanking mess anyway, doesn’t it make sense to fast forward to the end and reverse engineer our way out from the muck?” he adds.

That’s where $Garbage comes in. $Garbage is a meme coin – a movement – powered by a community of people tired of the status quo. $Garbage is all about having fun and exposing the oozing rot increasingly plaguing our global financial system.

What to expect from $Garbage

$Garbage brings people together to have fun and flip the money-making world on its head with a custom meme machine and more.

$Garbage will be hosting several community events and contests over the next couple of months, with a total grand sum of $100,000 USDT in prizes. This will include weekly $1,000 USDT giveaways, plus $10,000 competitions called “The Oscars” – an epic battle to determine the ultimate meme champion. The team hopes that Like laughter, the $Garbage token will be contagious.

With several utility features like staking, contribute2earn, buybacks, and in-game utility – $Garbage is more than just a meme coin. The $Garbage team boasts a 1.4m community on TikTok –perhaps the largest crypto meme channel ever.

$Garbage goes live this October

$Garbage presale will go live this October. To learn more about $Garbage and how to join the movement, interested buyers can visit the website, or on Twitter, Telegram, TikTok, and Instagram.

About $Garbage

Everything is $Garbage, so we made a token for it. $Garbage was created to share memes and spread good vibes in a world of trash.

“Garbage Project” is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Contact

CEO
Oscar Groucho
Garbage
oscar@buygarbage.io

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TON Foundation Enlists The Support Of Elliptic To Provide Ecosystem Analysis And Security

Zug, Switzerland, October 13th, 2023, Chainwire

The Open Network (TON) Foundation has today announced the support of Elliptic, a leading blockchain analysis firm, to provide the network with data intelligence and additional ecosystem security, supporting TON Foundation with its goal of putting crypto in every pocket by building a web3 ecosystem in Telegram.

Elliptic will screen all TON wallet addresses and flag those associated with bad actors, helping to prevent the exposure of TON users and projects to these accounts. Elliptic will also promote Toncoin to have it listed on reputable exchanges. This will provide greater visibility and security to the ecosystem as TON Foundation expands the range of on-ramps available for new users to enter TON’s ecosystem and experience true asset ownership.

This latest step follows the announcement of TON Foundation’s collaboration with Telegram providing the infrastructure for the messenger’s growing Web3 app ecosystem. TON’s community has grown rapidly over the past year, with the number of registered accounts on TON having grown by 165%. The collaboration will ensure that users across TON’s ecosystem are protected from accounts associated with illicit or malicious activities.

“Elliptic’s support will ensure that TON’s ecosystem remains secure as it continues to scale at pace, with users protected from malicious or criminal activity,” said Justin Hyun, Director of Growth at TON Foundation.

About TON Foundation

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.

About The Open Network (TON)

The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions of people the opportunity to own their digital identity, data, and assets. See more at https://ton.org.

About Elliptic

Elliptic is the global leader in cryptoasset risk management for crypto businesses, governments and financial institutions worldwide.

Recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud and other financial crimes.

Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo. To learn more, visit www.elliptic.co.

 

Contact

TON Foundation
TON@theagencypartnership.com

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Discover factors driving Solana’s price surge; Decentraland & InQubeta presale rise

The crypto market is a whirlwind of activity, such as the surge in the prices of Solana and Decentraland. Additionally, InQubeta has been making incredible strides in its presales, raising over $3.5 million to date.

In this article, we will delve into the driving factors behind the uptrend of these top altcoins, Solana and Decentraland. In addition, we will explore the upward trajectory of InQubeta and why it is a top ICO (initial coin offering) project to look out for.

InQubeta: astounding presale success

InQubeta ($QUBE) represents a unique idea on the blockchain thanks to its blend with AI. By leveraging the power of blockchain technology, it seeks to disrupt the AI industry by reshaping its fundraising landscape. In addition, it also intends to democratize access to the lucrative AI market by lowering entry barriers. Therefore, it is unsurprising that over $3.5 million has been raised in its presale, highlighting a vote of confidence in its fundamentals and imminent adoption. Hence, it is one of the best coins to invest in.

Its novel solution will make it the first crowdfunding platform for AI startups through crypto. To put it differently, AI-based startups will be able to raise funds through the $QUBE token. To do this, AI startups will mint investment opportunities, which will be tokenized as NFTs and equity-based. Further, the fractionalization of these investment-backed NFTs will allow investors to own stakes in AI ventures regardless of their income.

Additionally, its promising roadmap contributes to its presale rise. Notable exciting developments to look forward to include the launch of InQubeta’s swap, staking dApp, the launch of the DAO (decentralized autonomous organization), listings on price tracking platforms, as well as listings on centralized exchanges.

The InQubeta presale is currently in stage 4 at $0.0133 per token, which is a low entry point. According to industry experts, it will skyrocket by 2,500% before the end of the year, positioning it among the best new crypto to invest in. To become an early adopter and enjoy a staggering return on investment, follow the link below.

Solana: a pioneer in the DeFi space

Solana is hailed as one of the pioneers in the decentralized finance (DeFi) world. The protocol was designed to facilitate the creation of decentralized applications (dApps). Notably, its DeFi solution includes scalability, low fees, and lightning-fast transactions. These have seen Solana gain prominence among developers and institutions.

Recently, Solana has enjoyed a price uptick as it rides the volatile wave of the crypto market. First, its technological advancements can be linked to the increase in its price. Coupled with a robust ecosystem of applications and projects, Solana’s recent price uptick highlights its growing influence in the crypto space. Moreover, it is a top ten cryptocurrency, which underscores its popularity.

Decentraland: championing the virtual world

Decentraland is often regarded as a pioneer in the metaverse landscape. It is a virtual world that allows the creation and monetization of content and applications. This unique value proposition has gathered significant attention within the crypto community and market. Meanwhile, at the centre of the Decentraland ecosystem is $MANA, which plays a pivotal role.

Lately, it has experienced an upward trajectory in its price. This uptrend in the price of Decentraland can be attributed to the growing buzz around metaverse-inspired tokens. With Decentraland expected to see stronger rallies in the future, it is a good crypto to buy.

Conclusion

Solana’s remarkable surge, propelled by its technological advancement and growing adoption, reflects its exceptional DeFi solutions. 

Simultaneously, Decentraland is also on the rise thanks to the frenzy around metaverse-inspired tokens, while InQubeta is charting an upward trajectory for its unique blend of AI and blockchain.

For more on InQubeta, you can join the InQubeta Communities.

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