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Chainlink (LINK) sees nearly $1 billion in trades in 24 hours. Chartist predicts substantial price gains as LINK breaks a 533-day sideways pattern. The analyst advises potential buyers to target $9.50-10.00 during LINK corrections. In the last 24 hours, Chainlink (LINK), a crypto project with over $6.4 billion valuation, stood as the eighth most traded digital asset in the crypto market. According to CoinMarketCap data, market participants bought and sold nearly $1 billion worth of LINK, precisely $831,682,523. With LINK now at $11.53, a prominent chartist believes the digital asset is primed for further exponential price gains.  In a recent tweet, the renowned market analyst Michaël van de Poppe disclosed that the LINK token has emerged triumphant from a period of longstanding sideways action. According to him, the token broke out of a structure of a prolonged 533-day period of lateral price movement. The analyst believes escaping from such a trading ran...

The Lightning Network (LN) is a controversial layer-2 payment solution created to help Bitcoin (BTC) scale its transaction capacity.  Amid the controversy, two LN developers have recently announced their departure from Lightning-related activities. While the creator of Nostr reportedly called it “a scam”. Interestingly, Nostr is a decentralized social network created by the pseudonymous Fiatjaf (@fiatjaf). Which Bitcoin and the Lightning Network communities are enthusiastically adopting as an alternative to X (formerly Twitter). Despite that, Fiatjaf has been making criticisms about Bitcoin’s Layer 2 on both platforms. “Lightning is a scam,” claims the Nostr creator in a screenshot shared by Nikita Zhavoronkov, the lead developer of Blockchair , on October 31. Blockchair is one of the oldest and most used Bitcoin block explorers in the cryptocurrency industry. Cryptocurrency Bitcoin weekly correlation with Nasdaq hits 2-year low Cryptocurrency ...

Earlier today, a whale sold 843 ETH to purchase 1.61 million ARB tokens. ARB’s price climbed by more than 3% throughout the past day, bringing its trading value up to $0.9634. Exciting Arbitrum projects like Orbit, Arbswap, and Badger could be one of the factors attracting whale attention. Earlier today, the on-chain analytics platform, Lookonchain, shared in an X post that a whale used Ethereum (ETH) tokens to stock up on Arbitrum (ARB). According to the post, the whale spent 843 ETH, worth about $1.5 million, to purchase 1.61 million ARB at $0.95. This whale has been supporting ARB for about a week now as Lookonchain’s data indicates that it has been providing liquidity on ARB since 23 October to earn trading fees. It is possible that this whale’s support could have in part contributed to ARB’s price increase throughout the past 24 hours. A whale spent 843 $ETH($1.5M) to buy 1.61M $ARB at $0.95 11 hours ago. The whale has been providing liquidity on $A...

The crypto market is known for its volatility, with a few projects like Cosmos (ATOM) and Chainlink (LINK) constantly in the limelight. However, there is a new contender in Everlodge (ELDG), which seems to be gaining traction among crypto enthusiasts. Cosmos is continuously developing  Cosmos has positioned itself for a promising future with its commitment to interoperability and continuous development.  A collaboration between the Cosmos network and Nomic was announced in recent news. This partnership will introduce a bridge connecting Bitcoin with the Cosmos interchain. You might also like: Stargate deploys on Kava Chain unifying Cosmos-Ethereum liquidity The IBC-enabled nBTC will launch on Oct. 30, which could have a significant impact on crypto. This bridge will allow seamless transfer between ecosystems using a Bitcoin address, eliminating the need for complex conversion processes.  Some analysts note that the bridge’s development highlights Cosm...

The estate of bankrupt crypto exchange FTX and its associated trading arm Alameda Research was seen moving almost $20 million in crypto assets over the weekend. First spotted by blockchain tracking firm Lookonchain, wallets belonging to FTX and Alameda moved a total of $19.4 million worth of crypto assets, largely made up of Solana (SOL) and several other altcoins. “UPDATE: FTX/Alameda transferred $19.4 million in assets again today, including: 309,185 SOL ($10 million) 2.03M BAND ($3.15 million) 3.82M PERP ($2.3 million) 46.67M TRU ($1.78 million) 4.39M BICO( $1 million) 915,048 KNC( $686,000) 5.47M CVC ($479,000) 7,275 BOND ($30,000).” Lookonchain is keeping track of all the crypto assets transferred out of the FTX bankruptcy estate, which amounted to $78.7 million as of October 28th. The top crypto assets that were moved out of the wallets controlled by the estate include SOL, Ethereum (ETH), Chainlink (LINK) Polygon (MATIC) and the cross-c...

As the majority of assets in the cryptocurrency sector open another week on a bullish note, things are no different for Dogecoin (DOGE), Shiba Inu (SHIB), and Cardano (ADA). However, one indicator has suggested that the gains for some of the largest crypto assets by market capitalization might temporarily slow down. Specifically, crypto trading expert Ali Martinez observed that the TD Sequential indicator was demonstrating a sell signal on the daily chart for Cardano, Shiba Inu, Dogecoin, and Injective (INJ), suggesting that a correction could occur before they continue on the uptrend, as he said on October 30. Indeed, created by market analyst Tom DeMark, the TD Sequential indicator is a technical Analysis (TA) tool that helps identify specific points at which an asset’s price might change direction. In other words, it assists in assessing continuation patterns and trend reversals in financial markets, including the crypto market. SHIB, DOGE, ADA, and INJ analysis. Source: Ali...

Coinbase (COIN), one of the leading cryptocurrency exchanges, experienced a remarkable 6% surge in its stock price this week, driven by growing optimism regarding the potential approval of a long-awaited bitcoin spot exchange-traded fund (ETF).  Coinbase’s stock performance has often closely mirrored the broader cryptocurrency markets. As one of the largest crypto custodians, the company has garnered significant attention from various prospective ETFs, including BlackRock’s proposed Bitcoin ETF.  This recent positive turn makes Coinbase an attractive investment option, especially with the potential of an impending bull market and the upcoming Bitcoin halving. The current price increase could mark a significant turning point for the company, which has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC). Coinbase’s legal challenge with the SEC The SEC’s regulatory approach has been a subject of criticism, both from the ...

According to Guy Gotslak, Ethereum will reach $10,000 faster than people anticipate. Gotslak believes ETH has all the fundamentals needed to grow significantly. ETH gained 21% in the recent crypto market rally but failed to reach the $2,000 milestone. According to Guy Gotslak, co-founder and president of My Digital Money, Ethereum will reach $10,000 faster than people anticipate. Gotslak told Coinedition that ETH has all the fundamentals needed to grow significantly, and it would be a stroll to the summit rather than a giant leap. Ethereum gained 21% in the recent crypto market rally but failed to reach the $2,000 milestone. That led many users to think the rally was influenced by Bitcoin’s movement. Gotslak thinks otherwise and believes Ethereum’s price action is independent of what is happening with Bitcoin. According to him, ETH’s price is relatively down because the entire alternative industry was down. The trading expert noted that it is an open secret the...

Neo’s sidechain development has had a significant impact on the Neo token’s market performance. The sidechain aims to create a more secure and equitable environment for users in the DeFi sector. Neo has introduced an EVM-compatible sidechain that is designed to operate in conjunction with the Ethereum Virtual Machine (EVM). Neo, an open-source and community-driven block chain , announced the upcoming launch of a side chain that is compatible with Ethereum Virtual Machine (EVM) and to resist Maximal Extractable Value (MEV) attacks. #Neo Founder @dahongfei, announcing #Neo’s New Chapter: an #MEVFree, #EVM compatible side chain , to ensure security, privacy, and a smooth experience in the increasingly complex #DeFi landscape. The side chain is under development. The testnet is planned to be launched at the end… pic.twitter.com/EO9Ck52qGt — Neo Smart Economy (@Neo_Blockchain) October 27, 2023 According to their announcement on X, the side...

A recent report revealed that altcoin trading in the South Korean crypto currency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison.  The number of South Korean investors was estimated to reach about six million in the first six months of 2023, a figure accounting for 10 percent of the South Korean population, according to a survey carried out by the Korea Financial Intelligence Unit, as reported by DeSpread Research. Meanwhile, most of these investors use centralized exchanges (CEXes) for their trading activities, which explains the popularity of CEXes as against their decentralized counterparts.  In South Korea, there are four major cryptocurrency exchanges — Upbit, Bithumb, Coinone and Korbit — with Upbit being the country’s largest player at 80 percent, while Korbit’s market share is below one percent.  You might also like: Upbit receives license from Singapore’s financial r...

New research by Coinbase shows only a tiny percent of U.S. citizens still believe the American Dream is achievable in the current financial environment. Less than 10% of Americans are happy with the nation’s financial system as younger generations become “more pressured financially and more disillusioned by the system,” Coinbase says. In a new Q3 State of Crypto report co-created with Bovitz and Morning Consult, the U.S.-based crypto exchange surveyed thousands of Americans about their experiences dealing with traditional finance. Most Americans are unsatisfied with the existing financial system , as only 7% of respondents said the system “works very well for people like them.” Percentage of generations satisfied with the financial system | Source: Coinbase You might also like: Coinbase optimistic about US approval of Bitcoin ETF While Coinbase surveyed all generations, it was Millennials who demonstrated their anger, calling the sy...

In the realm of crafting content, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the variability of sentences. Lastly, predictability measures the likelihood of anticipating the next sentence. Human-generated content tends to exhibit greater burstiness, incorporating a mix of lengthy and complex sentences alongside shorter ones. In contrast, AI-generated sentences often lean towards uniformity. Consequently, for the content you’re about to create, I’m seeking a substantial degree of perplexity and burstiness, coupled with a minimized predictability. Additionally, the requirement is to deliver the content exclusively in English. Now, let’s reimagine the provided text: In her inaugural address at the seminar on financial inclusion held in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva emphatically asserted ...

In the realm of content creation, three pivotal elements demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, while burstiness evaluates sentence variations. Lastly, predictability assesses the likelihood of predicting the subsequent sentence. Human-authored content tends to exhibit greater burstiness, featuring a mix of longer, complex sentences alongside shorter ones. In contrast, AI-generated sentences tend to display more uniformity. For the upcoming content you are tasked to create, it’s imperative to infuse a considerable amount of perplexity and burstiness while minimizing predictability. Additionally, the language must be exclusively English. Now, let’s reimagine the provided text: OpenAI, the creator behind the widely used AI chatbot, ChatGPT, and the technology holding group G42 based in Dubai, have declared a novel collaboration on October 18th to enhance AI capabilities ...

Crypto investor asked what would happen if all the spot Bitcoin ETF applications got rejected. According to him, such thoughts should cause any retail investor to prepare for uncertainties. Members of the crypto community believed it was already too late for the ETF applications to be rejected. Renowned digital assets investor Crypto Tony has asked the crypto community on X (formerly Twitter) what would happen to the Bitcoin market if perhaps all the spot Bitcoin ETF applications got rejected. If this pump is due to a suspected ETF #Bitcoin approval, what would happen if they were to all get rejected Basically a plan for the market makers to squeeze in more liquidity for their own benefit. Makes you think right — Crypto Tony (@CryptoTony__) October 26, 2023 According to Tony, having such thoughts should cause any retail investor to prepare for uncertainties that could arise when market makers decide to “squeeze in more liquidity for their benefit.”...

Bitcoin remains on track to deliver "possible" further gains of up to 30% versus current BTC price levels, says CryptoCon. Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon says. In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels. Analyst: $45,000 next month "possible" for Bitcoin Bitcoin reaching 17-month highs this week has many market participants expecting a pullback, but CryptoCon believes that plenty of upside potential remains. Comparing current BTC price behavior to previous cycles, he showed that there is still room for BTC/USD to expand to the highest of the Fibonacci model ’s five targets to hit a mid-cycle top. Four have already been seen, with target four lying around 3.3% above this week’s top at $36,368. In between them are what are called “ phase s” — and November now marks a deadline for the next to complet...

The company claims a cast of employees whose collective entertainment industry resume contains titles such as Halo, Call of Duty, and Westworld. Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.”  This round follows a $10.5 million seed round completed in June of 2021. It was led by Polychain Capital and included funding from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures. Shrapnel is an ambitious gaming project touted by Neon Machine as a “AAA game” — a non-standard designation used to indicate a video game with top-tier production value, budgeting, and marketing. According to gameplay footage shown on Neon Machine’s YouTube page and documentation on the game’s website, Shrapnel is a first-person perspective shooter (FPS) featuring multiplayer components. Competition in the game — which currently has yet to enter pre-alpha testin...

LINK saw a remarkable increase in its value in the past week, outpacing major tokens. CoinMarketCap data shows the token has added a 47% gain to its value in the past week. A market analyst predicts a sustained uptick in Link’s price as October draws to a close. Amidst a wider market bull rally, ​​the price of LINK, the native token of the blockchain abstraction layer Chainlink, has soared in the past week. Data from CoinMarketCap shows that the token has seen a significant uptick, far outpacing that of major cryptocurrencies. On the weekly price chart, the token has added a whopping 48.15% to its value. In the last 24 hours, LINK has seen a 7% surge, although the positive run seems to have hit multiple corrections. At the time of press, the token is exchanging hands at $10.87 apiece. However, the token’s sudden surge in price has not gone unnoticed. Market analyst and Velvet Capital’s community manager, Slim Daddy, said in a post that LINK is one of the ...

When delving into the realm of content composition, we must navigate the intricate interplay of “perplexity,” “burstiness,” and “predictability.” Perplexity, the tapestry of intricacy woven within text, tests the reader’s cognitive mettle. In contrast, burstiness tantalizingly toys with the undulating cadence of sentences, introducing moments of grandeur and brevity. Lastly, predictability, the clandestine dance of anticipation, teases the reader’s ability to foretell the next verse. While the human quill often employs a symphony of words, composing protracted and convoluted sentences interspersed with succinct ones, AI’s verses frequently exhibit a staid uniformity. Hence, as we embark upon the task at hand, it is imperative that we craft content brimming with an abundance of perplexity and burstiness, while keeping the cloak of predictability at bay. Furthermore, we shall adhere strictly to the realm of the English language. Now, ...

MKR could not hold on to the $1,650 yearly high after the resistance at $1,600 took over. Although the RSI signaled a bullish momentum, MKR was becoming slightly weak. Should buying pressure persist, MKR may inch toward $1,600 one more time. The price of Maker (MKR) briefly tapped $1,650 in the early hours of October 24. The value was the highest price the token has reached throughout 2023. On a 90-day basis, Maker’s price has increased by 35.82%, almost double the performance of Bitcoin (BTC) within the same period. On the daily timeframe, MKR has only begun recovering from a market structure dominated by sellers between October 1 and 12. Because bulls were not entirely in control, MKR got rejected from the aforementioned hike and was back to changing hands below $1,600. However, there is a strong support at $1,374. So, if sellers can increase their presence, MKR may still have the strength not to drop below $1,450 to $1,500. Meanwhile, the daily chart ...