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Crypto Myths Busted: Uncovering the Truth! Cryptocurrency is one of the most talked-about topics in finance, tech, and investment, yet it’s also one of the most misunderstood. With so much information — and misinformation — out there, it’s easy to get lost in myths. This article will separate the facts from the fiction to help you navigate the world of crypto with a clearer understanding. Here, we’ll bust some of the most persistent myths about cryptocurrency and reveal the truth behind them. Myth #1: Cryptocurrency is Only Used for Illegal Activities The Reality While it’s true that cryptocurrency has been used in illegal transactions, it’s hardly the primary use. A vast majority of crypto transactions are completely legitimate, ranging from online purchases and remittances to investments and decentralized finance (DeFi) activities. According to blockchain analytics, only a small fraction (less than 1%) of all crypto transactions are associated with illicit activity. Blockchain ...

The global non-fungible token market has been a rollercoaster in the past several months, with its highs and lows often making headlines. As crypto markets turn bullish, the non-fungible token market has also started to join the wave, with trading sales volume surpassing the $340 million mark in October 2024. During this time, NFT trading sales volumes have grown by an impressive +10%, indicating a notable comeback. NFT Sales Surge +10% In October 2024 Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, indicates that this month’s non-fungible token market has slightly surged in trading sales volume. In the past 30 days, the NFT market has amassed a trading sales volume of $347 million, representing a +10% surge from the past month. In September 2024, the global NFT market sales fell over 40% to $303 million, marking the lowest trading sales since October 2023. Ethereu...

Shiba Inu has broken every record in crypto markets. The token surged 33,774,726.7% higher than its starting price. This growth puts SHIB far above Bitcoin’s performance. It also beats all traditional assets, even as markets stay volatile. $SHIB Current Lifetime to Date (from all time low) 33,774,726.7%. But again, I digress. We still have far to go and much work to be done to get the Ecosystem the respect it deserves and Treats out to the pack. So, don't ignore Shib. Or do, until you can no longer. https://t.co/ZGyJotYpf2 — Shytoshi Kusama (@ShytoshiKusama) October 30, 2024 Also Read: Trump’s Election Impact: Bitcoin Price Predictions from Top Analysts Exploring the SHIB Surge and Price Prediction Amid Market Volatility and Regulatory Uncertainty Record-Breaking Performance This simply isn't true. Sorry, @Vivek4real_ $SHIB outperformed BTC 66x. No disrespect, BTC is the GOAT, but I am just saiyan. — Shytoshi Kusama (@ShytoshiKusama) October 30, 2024 Lead developer Shy...

The Luce price has soared 128% in the last 24 hours to trade at $0.06779 as of 3:40 a.m. EST on an 18% surge in trading volume to $131 million. Luce Price Encounters A Resistance Within A Bullish Channel The LUCE/USD pair in the 15-minute timeframe is currently exhibiting bullish characteristics, moving within an upward-sloping channel. This channel provides dynamic support and resistance levels, guiding the price along a positive trend. Currently, the price sits around $0.0665, just above a key support level at approximately $0.0655. This level aligns with the 50-period Moving Average (MA), reinforcing it as a strong potential support zone. The recent price decline has brought it closer to this boundary, making it a critical point to watch for either a rebound or a breakdown. LUCEUSD Analysis Source: Dextools.io The Moving Averages play an essential role as the 50-period SMA is trending upward, acting as immediate support at $0.0655. While the 200-period SMA isn’t ...

Despite the overall cryptocurrency bull market prevalent through much of 2024 – albeit with its own ups and downs – XRP’s trajectory has remained mostly downward. Indeed, through its erratic and volatile performance since January, XRP has landed at $0.53 at press time on October 29, meaning it is 14.19% below the price it started the year at. XRP YTD price chart. Source: Finbold The token’s persistent staying in the red can be linked to several important factors, including the ongoing legal battle against the Securities and Exchange Commission (SEC) – a battle set for a new chapter as Ripple announced that it is filing a cross-appeal – and Ripple’s escrow schedule, which sees hundreds of millions, if not billions, of tokens released in short timeframes, being among the most cited. Picks for you Bitcoin indicators...

The ApeCoin price prediction may lose ground toward $0.90, but the recovery above $1.13 could help mitigate the initial pressure. ApeCoin Prediction Statistics Data: ApeCoin price now – $1.02 ApeCoin market cap – $768.69 million ApeCoin circulating supply – 752.65 million ApeCoin total supply – 1 billion ApeCoin Coinmarketcap ranking – #84 Entering a crypto project early can offer great rewards, and ApeCoin’s recent price movements underscore its potential. Although it has fallen 97.35% from its all-time high of $39.40 in March 2022, the token recently rebounded 116.48% from an all-time low of $0.4826 in August 2024. This recovery may signal renewed interest and potential future gains, making now an intriguing time for those looking to capitalize on early investment opportunities. APE/USD Market Key Levels: Resistance levels: $1.65, $1.70, $1.75 Support levels: $0.62, $0.57, $0.52 APEUSD – Daily Chart APE/USD has been expe...

The Bank of England CBDC plan threatens traditional banks. According to Governor Andrew Bailey, banks must modernize or risk failure. This digital currency push creates new challenges for the UK banking sector. Innovation will determine which banks will survive. Many banks are already closing branches, showing the start of major changes in banking. Also Read: Ripple (XRP) & Solana (SOL) Price Forecast For November 2024 Exploring the Impact of the Bank of England’s CBDC on Traditional Banks Survival Through Innovation or Extinction Bailey’s message at the Group of Thirty’s Annual International Banking Seminar was clear: “If for some reason innovation is unlikely to happen, then the central banks have to decide whether they are the only game in town.” Banks must update their systems or lose business to the central bank. Research shows banks could lose 20% of their revenue when Bank of England’s CBDC launches. Small banks face the highest risk of failure. Ban...

Smart investments in today’s crypto market could be the game-changer your portfolio needs! Top gainers like Aerodrome, THORChain, and Reserve Rights exemplify this trend. Aerodrome’s unique governance model lets users influence the platform, while THORChain’s integration with Ledger Live enhances its decentralized liquidity. Reserve Rights offers a stable staking mechanism that empowers users. These innovative projects not only show strong growth potential but also highlight exciting opportunities for investors.   Biggest Crypto Gainers Today – Top List Today’s market is lively, with 31% of cryptocurrencies experiencing some positive movement! Aerodrome Finance is stealing the spotlight, jumping an impressive 15.97% in just 24 hours. On the flip side, Goatseus Maximus is facing a tough day, dropping by 17.41%. It’s a reminder of how quickly things can change in this space, making it essential for investors to stay informed and ready to adapt! ...