The current price of BTC stands at $26,940.39. Bitcoin currently holds a market capitalization of $522 billion. According to data from TradingView, Bitcoin dominance, which indicates the percentage of Bitcoin’s market capitalization relative to the total cryptocurrency market, has surpassed the 50% threshold. Based on the information provided by CoinMarketCap, BTC currently holds a market capitalization of $522 billion. Bitcoin Market Dominance (source: TradingView) Over the past eight months, Bitcoin dominance has experienced a notable surge, while Ether’s market dominance has remained relatively stable at around 20% for almost a year. As of now, the combined market value of BTC and Ether constitutes approximately 70% of the total cryptocurrency market. During a recent statement, Michael Saylor, predicted that BTC dominance will surpass 80% in the wake of increased regulatory actions against other digital assets. Saylor highlighted Bitcoin’s universal recognition as the industry’s digital commodity, while the SEC designates 68 cryptocurrencies as securities. Additionally he attributed the absence of significant institutional investment in the crypto space to the presence of numerous alternative cryptocurrencies causing confusion and anxiety. Concerning CoinMarketCap, the current price of BTC stands at $26,940.39, and its 24-hour trading volume amounts to $14,223,914,664. Over the past 24 hours, BTC has recorded a 2% increase. Recommended For You Bitcoin (BTC) Price Prediction 2023

BearingPoint supported Burkina Faso’s Ministry of Finance and KfW in improving the management of donor funds by implementing a blockchain-based solution for better planning and greater transparency of projects. AMSTERDAM–(BUSINESS WIRE)–#SIGFE–In a recent client story, management and technology consultancy BearingPoint shows how it supported Burkina Faso’s Ministry of Finance and KfW, one of the world’s largest development banks, in improving funds management processes using cutting-edge technologies. Using blockchain technology for funds management Following several successful pilot studies conducted in Burkina Faso, Ethiopia, and Georgia, BearingPoint helped KfW and the Finance Ministry of Burkina Faso implement a blockchain-based platform shared between donors and the recipient country. The initial solution developed by KfW, called TruBudget, was adapted and further developed to meet Burkina Faso’s specific needs and rebranded as “SIGFE” (Système Intégré de la Gestion des Financements Extérieurs). With the Finance Ministry’s IT department, BearingPoint installed a blockchain node and connected it with a node at KfW, which allowed for the integration of SIGFE with local IT systems to automate data exchange while avoiding data redundancy. BearingPoint provided user guides, training sessions, and support in communication with other Ministries and donors. The solution was customized with an intuitive interface, allowing users to easily create and validate approval procedures and documents related to procurement procedures, disbursement of funds, payments, reporting, and receiving updates regarding the financial execution of donor-financed projects. “With TruBudget, we achieve transparency and accountability for everyone involved in a project. Our goal is to ensure reliable and efficient use of the approved funding in development cooperation. As payments are traceable on TruBudget, donors may consider channeling funds directly to the partner country’s budget,” said Piet Kleffmann, TruBudget Taskforce Lead at KfW. Enhancing the effectiveness of financial development projects Implementing SIGFE enabled the Burkina Faso Administration and donors to benefit from access to real-time data on project execution, full transparency of payments, and an accelerated online validation of processes. By using SIGFE, there is a reduction of the administrative workload, as all tasks related to reporting, procurement, and disbursement procedures are handled digitally on one single platform. The Burkinabe administration has already enrolled 25+ development projects on the SIGFE platform. These development cooperation programs are managed by more than ten line Ministries and multiple donor countries, including France, Germany, Italy, Switzerland, Luxemburg, Sweden, Belgium, Denmark, and Canada. “We are proud to have supported KfW for five years on different use cases on this great Tech4good innovation for the benefit of KfW’s development partners in Africa, Eastern Europe and Latin America,” said Jean-Michel Huet, Partner at BearingPoint. About KfW KfW is a German promotional bank and one of the world’s leading promotional banks. It was founded in 1948 and is 80% owned by the Federal Government and 20% by the federal states. The business sector KfW Development Bank carries out Financial Cooperation (FC) projects with developing countries and emerging economies on behalf of the German Federal Government. KfW Development Bank employs approximately 1,000 people at the head office in Frankfurt am Main and almost 400 specialists at more than 60 international locations, who cooperate with partners all over the world. Their goal is to combat poverty, secure peace, protect the environment and the climate as well as ensure fair globalisation. KfW is a competent and strategic adviser for current development policy issues. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. For more information, please visit: Homepage: www.bearingpoint.com LinkedIn: www.linkedin.com/company/bearingpoint Twitter: @BearingPoint Contacts Press contact Alexander Bock Global Senior Manager Communications Telephone: +49 89 540338029 E-Mail: [email protected]

Sweat Economy, the leading web3 platform that tokenizes physical activity, recently conducted a groundbreaking governance proposal vote, granting its community members the power to shape the project’s future. The vote centered around the recovery of idle $SWEAT tokens held in inactive user accounts, which accounts for approximately 2.5 billion tokens, or roughly 13% of the total supply. Traditionally, such tokens would be irretrievable under normal circumstances. However, due to the unique lockup contract holding 90% of the tokens at the time of token generation event (TGE), Sweat Economy had the opportunity to repurpose these “abandoned” tokens. Sweat Economy proposal unfolded in two steps The proposal unfolded in two steps, with the first step being the vote on whether to reclaim the 2 billion idle SWEAT tokens and transfer them back to the Sweat Treasury for potential future distribution or other designated purposes. The community showed tremendous engagement and participation during this step, with the vote receiving overwhelming support. Community feedback prior to the vote expressed appreciation for the transparency surrounding the proposal, highlighting the anticipation of the potential use of over 2 billion $SWEAT tokens. The final results were released after the voting period, showing that 83% of the 355,506 votes cast were in favor of reclaiming the idle tokens locked in inactive user accounts. To honor the community’s decision, Sweat Economy will transfer approximately 2.4 billion SWEAT tokens from the TGE lockup contract to the governance treasury. These tokens will be held in the governance treasury and will not be utilized until the completion of the second part of the proposal. Looking ahead, the next vote will propose allocating the 2 billion tokens to the Sweat Economy’s US launch scheduled for September 2023. Additional details will be provided in due course. CEO comments on the participation Reflecting on the remarkable participation in the governance vote, Oleg Fomenko, Co-founder of Sweat Economy, stated, Sweat Economy’s governance principle revolves around one token holder having one vote, enabling everyone who owns SWEAT tokens to influence the project’s direction. During the vote’s execution, the technical team implemented updates to the lockup contracts, resulting in significant traffic on the NEAR blockchain. Sweat Economy worked closely with the NEAR team to ensure stability on the mainnet. The community’s strong engagement during the vote demonstrated an approximate 130% increase in participation compared to previous governance votes. Sweat Economy attributed this surge to the significance of the SWEAT tokens involved, proactive socialization of the proposal through Discord AMA sessions, and improved user experience within the app. For more information about Sweat Economy and its governance initiatives, please visit here. About Sweat Economy Sweat Economy is a leading web3 platform that aims to tokenize physical activity, making it valuable through the $SWEAT token. By incentivizing individuals to participate in various fitness activities, Sweat Economy seeks to revolutionize the fitness industry and promote a healthier lifestyle.

The European Investment Bank has been the target of a cyberattack. Killnet hackers to impose sanctions on the European banking transfer systems. The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are expected to be the suspects who threaten to bring down the Western financial system days later. Moreover, earlier today, the pro-Russian Killnet hackers claimed on their telegram that they had attacked the internetwork infrastructure of EIB. On June 19, the European Investment Bank tweeted that the bank’s website was down due to a cyberattack that it had faced. The tweet mentioned that the bank was responding to the incident. Moreover, the bank’s website was still not accessible. Europe’s Support for Ukraine Recently, the European Commission and European Investment Bank announced that they have agreed to give an EU guarantee that will allow the EIB to lend Ukraine $100 million for quick recoveries, such as municipal or energy infrastructure repairs. Russia’s aggression against Ukraine continues to result in tremendous human misery, extensive damage to towns, cities, and infrastructure, as well as serious economic disruption. The EU and EIB have provided valuable funds for relief support for Ukraine since the start of Russia’s war. Moreover, the EU has made available 70 billion euros for the support of Ukraine and its people. Now, the EU is guaranteed to allow the EIB to provide an additional 100 million euros to Ukraine, which will be complementary to the EU4Ukraine Fund. Killnet Expected to be Suspect in European Investment Bank Attack The cyberattack comes days after threats by Russian-speaking hackers to target Western financial institutions over their support for Ukraine. So, the EIB cyberattack is likely to be related to the cyber threat made by pro-Russian hackers in response to European support for Ukraine. Killnet’s telegram post In the recent telegram post, Killnet stated, The Killnet gang specializes in taking down websites offline through distributed denial of service (DDoS) attacks. DDoS attacks overload a website with traffic to the point where it crashes. According to the report, three heads of hacker groups from Russia and Sudan held a meeting on the darknet parliament 72 hours before. After a long discussion, the hackers decided on SOLUTION №0191. That means the hacker groups will start to impose sanctions on the European banking transfer systems SEPA, IBAN, WIRE, SWIFT, and WISE. Moreover, cyber security experts believe that the Killnet gang made up of Russian hackers who may have connections to the government of that nation.

European states jointly investigating Binance’s case with the SEC. Binance’s CEO stands with his crypto exchange firm. The major cryptocurrency exchange, Binance got sued by the United States Securities and Exchange Commission (U.S. SEC) earlier this month. However, several crypto community is joining hands thereby supporting the cryptocurrency exchange, Binance. Likewise, European-based financial regulators and police are processing with the SEC to investigate the information on Binance. SEC has reached out for help from the European nations for processing Binance’s information. Meanwhile, some of the European country states have urged to proceed with the actions as the SEC prevails. Whereas, some others are yet processing the criticality of the Binance case than straight away dealing with the SEC request. Anticipation on Binance Changpeng Zhao, the CEO of Binance claims that the French police started investigating Binance in the year 2022. The reason is that the money laundering activities and this has been the case. In some countries, the license for the cryptocurrency exchange, Binance is nearly in a give-up state. For example: Cyprus. Also, the European nations have set criteria for serving licenses for the crypto exchanges. Yet, Binance had other plans on registering other states like UK, Ireland, and some European nations. Those companies in Europe proclaimed that the revenue accesses in small amounts from certain thousands of Euros to five lakh Euros. Prominently, this constitutes 200 million Euros over the year of worth 218 million dollars. Another example is Guangying Chen, a shareholder of different Binance-registered firms in Europe. The hitch is that Binance proclaims Chen as a European passport holder in Europe but she is a Chinese passport holder who registered in Singapore. This case in 2022 has been under process which led to Binance’s CEO that the claim seems true since Changpeng Zhao is a trustworthy person. Although Chen proved her passport holding in 2022, it couldn’t be able to get it confirmed during the investigation.

Three fresh wallet transactions were detected from Etherscan. ETH’s current market price is down by 1.27%. As per the data retrieved from Etherscan, the analytics platform for Ethereum, it is noted that the highest withdrawal of Ethereum (ETH) in recent times. All of those withdrawals are remarked from fresh wallets of count three. However, the top cryptocurrency exchanges like Binance and Kraken are involved in the recorded transactions, as reported by Lookonchain, the on-chain analytics platform. Etherscan reports the overall ETH token balance which is 36,999.5 approximately worth $63,618,421.82 considering the value of 1 ETH as $1,719.44. Current ETH Withdrawals On one side, Bitcoin keeps fluctuating; on the other, the altcoin season prefers to continue as long as it prevails. Likewise, crypto investors tend to keep trading, and the global crypto market pretends unsustained over this month. Apparently, those three transactions constitute a withdrawal total of $150 million. There are 86,520 ETH withdrawn happened in this case from three different wallet addresses. And the first two withdrawals happened from Binance and the other one was from Kraken. All of these occurred together in the last week with a time gap. Firstly, the address ‘0x5bA3’ has withdrawn 35,860 ETH from Binance and has transferred to a contract. With a negligible transaction fee of nearly 0.00042 and 0.00039, the withdrawal occurred two separate times as 17,929 ETH and 17,929 ETH respectively. Secondly, the address ‘0x7c82’ has withdrawn 27,000 ETH from Binance. Also, this has happened with varied transaction fees over five times such as 9,999 ETH for three counts, 0.01 ETH for one count, and 6,999 ETH for one count. All these happened over the last 3 days in different time intervals. Thirdly, the address ‘0x2c74’ has withdrawn 23,660 ETH from Kraken. This started with a minimal withdrawal of 0.1 ETH at first. Following that, several withdrawals occurred at different times over the last 7 days. Also, the transaction fees are unique to all transactions for all the intervals. Last ETH Withdrawals Eight days before, a whale has been caught. Such whale deposited 25k stETH worth $43 million to Aave whereas the same whale borrowed 35M Tether from Aave subsequently. And this proceeded so that the whale deposited 35M Tether to Binance. Apparently, this questioned the state of bullish momentum. Likewise, before three days, the whales have accumulated huge amounts of Ethereum (ETH) and staked Ethereum (stETH). The whales are named ‘0x655’ and ‘boby1337.eth’ and have exchanged 20 million and 2 million of Tether (USDT). Furthermore, the staked Ethereum (stETH) of around 12,100 and 1,200 at $1,652 and $1,672 respectively. These transactions have happened on consequent times. Meanwhile, another whale named ‘hashkey-capital’ has gained 4,500 ETH from a top cryptocurrency exchange, Binance. However, the value obtained for such a transaction is $1,684. Current Price Analysis With the analysis from CoinMarketCap, it is noted that Ethereum, the second topmost cryptocurrency is been traded at 48.30% over the last 24 hours. Moreover, the market capitalization is yet down by 0.31%. Also, the current market price has fallen by 1.27% with a value of $1,719.59 per Ethereum. Ethereum 24Hrs Price Chart (Source: CoinMarketCap) Considering the last seven days, on June 15, the price drop is abruptly down to today, recorded at $1,632 at 03:50 PM IST. Additionally, the addresses that hold Ethereum have increased compared to the previous years. Furthermore, the ETH whale holders constitute 23.3123% of the total holders. For all these transactions, the recorded unique transaction fees are mentioned. Yet, the average transaction fee of ETH is 0.003034 ($4.874055). On May 5, ETH stunned the crypto community with a transaction fee of $28.130. Recommended For You: Ethereum Price Analysis: Trend Reversal in ETH’s Descending Channel Pattern

Phishing scam fraudulently claims Ripple’s XRP token allocation. Fraudsters leverage self-custody and token enhancement as bait. Vigilance over 24-word recovery phrase confidentiality is essential. In an alarming revelation, a recent tweet from Derekareid, a zealous XRP enthusiast based in Scotland, warns of a deceitful phishing campaign. He disclosed screenshots of a dubious email he’d received, marking a striking uptick in scams preying on unwary crypto aficionados. Per the reports, the fraudsters, posing as Ripple Labs, circulated the email from the sham address [email protected]. It cunningly dangled the bait of an “XRP Token Allocation Program.” Recognizing the potential danger, Derekareid turned to Digital Perspectives, a celebrated figure within the XRP community, to help broadcast this cautionary tale. Phishing Scare: Ripple Scam Email Widely Circulated Within XRP Community However, the tale doesn’t end here. Besides Derekareid, numerous other crypto users have reportedly received similar emails, painting a worrying picture of the scam’s extensive reach. Among the voices rising in concern, one individual alleged receipt of 15 identical scam emails. Furthermore, a renowned blockchain advocate, Jacob Canfield, recently fell victim to a similar phishing attack. Consequently, he emphasized this vital message by sharing his harrowing experience with a scam email, purportedly from the Ripple team. Canfield’s warning highlighted the perils of fraudulent token allocation programs aimed at the XRP community. Significantly, he warns that any emails with the subject “the allocation program” are fraudulent and designed with the malicious intent to drain XRP. Scammers cleverly imitate prominent crypto organizations to swindle digital assets and personal data, posing a grave risk to user accounts. They manipulate victims into divulging their 24-word recovery phrase, which should always remain confidential. The Deception Unveiled: A Closer Look at the Phishing Email According to reports, the email boasts of a token allocation program, deceitfully claiming Ripple’s intention to redistribute reserve XRP tokens. Moreover, it incentivizes XRP holders by promising token enhancements based on network activity. It unabashedly calls recipients to register for their token share using a fraudulent tool linked within the email. Further, in a cunning twist, the email extols the virtues of self-custody and essential ownership awareness. It even tempts users with a 15% token increase for new XRP accounts and rewards for NFT collection and DEX trading activities. Pervasive Threats to the XRP Community The proliferation of scams doesn’t limit itself to a single method of attack. A high-profile XRP advocate, John Deaton, fell victim to a similar cyberattack in June. Hackers hijacked his Twitter account to propagate a fraudulent “Law” token.” Additionally, these scams don’t only target seasoned crypto enthusiasts but also seek to exploit newbies entering the XRP community. Hence, the crypto community must remain informed and vigilant. Prioritizing security practices and due diligence will prove crucial in safeguarding digital assets from such nefarious threats. With the XRP community under a phishing siege, it is vital to avoid clicking unknown or suspicious links and protect confidential recovery phrases from prying eyes.

Brise Geo Web3 Real Estate Marketplace will go live on June 25. The Brise Geo Web3 Real Estate Marketplace is built on Bitgert Chain. Bitgert (BRISE), a crypto engineering project specializing in blockchain products and auditing solutions, has made an exciting announcement. Bitgert revealed the launch date of its upcoming development, Brise Geo Web3 Real Estate Marketplace. The real estate sector is about to witness a groundbreaking transformation with Brise’s development. On June 19, Bitgert tweeted an update on the Brise Geo Web3 Real Estate Marketplace. The new development will go live on June 25, 2023. With the arrival of Brise Geo Web3 Real Estate Marketplace, users can buy and sell properties using its innovative Web3 platform. It aims to revolutionize the traditional methods of real estate transactions. Bitgert Ecosystem The Bitgert ecosystem is built on the Binance Smart Chain (BSC), which has developed its own blockchain and claims to handle over 100,000 transactions per second with no transaction fees. According to Bitgert, its ecosystem has had a total of 350,000 members since its creation, and its blockchain has handled over 4 million transactions. Bitgert launched as an app on BSC in July 2021. At the launch, the project was named Bitrise, and later it was renamed Bitgert. Moreover, its native cryptocurrency has the ticker BRISE. Even though Brise claims no transaction fees, using the blockchain does incur some very small transaction costs. Bitgert’s Innovative Development On May 18, Bitgert made its first announcement about the Brise Geo Web3 Real Estate Marketplace. In the announcement tweet, Brise added a video introduction displaying the marketplace’s user interface and providing a brief tutorial. According to the report, Brise is making property transactions faster, cheaper, and more secure with the launch of the Brise Geo Web3 Real Estate Marketplace. There is no requirement for a third person in order for buyers and sellers to complete transactions, which reduces the transaction cost and speeds up the process. The Brise Geo Web3 Real Estate Marketplace built on Bitgert Chain, which designed for high-volume transactions. So it allows users to buy and sell properties quickly and securely. It also provides a list of other services in addition to the marketplace. It contains the BRISE dAPP Wallet, BRISE Staking, BRISE Swap, Bitgert Bridge, and Audit Solutions with Leaderboard Support. Brise Revealed the Launch Date A month after the first announcement, Bitgert revealed the launch date of the Brise Geo Web3 Real Estate Marketplace. It is coming to the Bitgert chain on June 25th, 2023. The announcement boosts excitement in the crypto community. With Brise Geo Web3 Real Estate Marketplace, buyers and sellers can expect a seamless experience where properties can list, explored, and traded. Bitgert has been continuously working on developing its ecosystem. Through this innovative marketplace, buyers and sellers can navigate the real estate landscape with greater ease and efficiency. Moreover, by embracing the potential of Web3 and blockchain technology, Brise empowers individuals to engage in property transactions with greater convenience, security, and affordability.

The platform will facilitate transactions between nations once it was introduced. It will be useful once new digital fiat currencies have become widespread. The IMF is stepping up its support for Central Bank Digital Currencies (CBDCs) being developed by countries throughout the globe. According to Reuters, the IMF is working on a worldwide platform to improve CBDC interoperability. IMF Managing Director Kristalina Georgieva said on Monday that the platform will facilitate transactions between nations once it was introduced. It is common knowledge that payment systems like SWIFT have linked the world’s financial markets. While several governments are currently exploring the viability of CBDC innovations, the IMF is actively working toward a future in which more than half of all nations will have their own CBDC in circulation. Global Interoperability of CBDCs The global CBDC platform established by the IMF will be useful once these new digital fiat currencies have become widespread. As Georgieva explains, the IMF is exerting great effort to persuade nations to settle on a unified standard that would allow for the worldwide interoperability of CBDCs. She stressed again that CBDCs’ technological foundations would go to waste if they are exclusively used in the home turf. Currently, 114 nations are working on building a CBDC, and 10% are nearing completion, according to Georgieva. In October 2020, the Central Bank of the Bahamas issued the first CBDC, which it called the Sand Dollar. The Central Bank of Nigeria (CBN) has also introduced its own digital currency, the e-Naira, making it the second nation in the world to do so. Initial findings from the Bank of England (BOE) support the BOE’s intention to launch its own CBDC, also known as “Britcoin.” Moreover, Banco de la Republica, Colombia’s central bank, and Ripple Labs, a blockchain payments firm, have inked a strategic partnership agreement to study the technology’s potential uses for Central Bank Digital Currency (CBDC).

Recent data reveals a movement of 27.6 billion SHIB. Anonymous wallets shift 17 billion Shiba Inu to leading exchanges: Binance and Coinbase Large volume of SHIB purchased on Binance, including 1.1 billion SHIB acquired via jump trading Recent data shared by Etherscan indicates significant transfers of Shiba Inu meme coins within the past few hours. A total of 27.6 billion Shiba Inu were moved in five transactions, with the largest transfer consisting of 10 billion SHIB. Anonymous wallets were responsible for moving approximately 17 billion Shiba Inu to addresses associated with leading crypto exchanges, namely Binance and Coinbase. Additionally, 6,039,968,812 SHIB were sent to a Coinbase 10 wallet, while 9,988,799,999 SHIB were transferred to Binance 14 wallet by an anonymous whale. Source: Etherscan Shiba Inu whales moving SHIB after surge It appears that these particular portions of Shiba Inu were intended for selling purposes by their owners. However, the data suggests a larger volume of SHIB was bought, including 1,140,690,612 SHIB acquired on Binance through the company Jump Trading. Furthermore, 6,039,968,812 SHIB were sent from the Binance 14 wallet to an anonymous address, and 4,569,449,905 SHIB meme coins were transferred from one unknown address to another. Last week, Whale Alert, a popular crypto tracker, reported two substantial transfers of Shiba Inu, each involving the movement of 3,811,233,843,288 SHIB tokens from an anonymous address to a new wallet. According to recent data shared by Shibburn, the burn rate of SHIB has experienced a significant increase of over 1,000% within the last 24 hours. A total of 15,487,160 SHIB coins were destroyed during this period. The SHIB community continues to actively burn these meme tokens, effectively removing them from circulation by transferring them to dormant wallets.

Any unsatisfied party has eight days to file an appeal. Do Kwon stated that he has never met or conducted business with Milojko Spajic. On Monday, the Basic Court of Montenegro decided in favor of the prosecution in the passport falsification case, convicting Terra co-founder Do Kwon and former CFO Han Chang-joon. Within the next six months, Montenegrin officials will have completed their investigation and legal process necessary to extradite Terra co-founder Do Kwon to South Korea. Judge Ivana Becic of the Montenegrin Court found on June 19 that defendants Do Kwon and Han Chang-joon used counterfeit Costa Rican passports to try to board a trip to Dubai in March. The case was heard in the Basic Court. Both were given prison terms of four months, which will encompass the period they were detained from March 23 to June 15. Eight Days to File an Appeal Moreover, the judge quickly stated her reasoning for reducing the punishment. She also said that the unsatisfied party has eight days from the time they received the written decision to file an appeal. Earlier, Montenegro’s highest court granted bail to Do Kwon and Han Chang-joon on June 15. However, the Montenegrin High Court mandated up to six months in extradition detention at South Korea’s request. As a result, they’ll both be held in custody. Do Kwon and Han Chang-joon claimed on June 16 that they were unaware their passports issued under the economic citizenship program were counterfeit as they traveled the globe using documents purporting to be from Costa Rica and Belgium. Do Kwon, founder of Terra, said he acquired these passports in Singapore. In addition, Do Kwon stated before the SDT and the defense lawyers that he has never met or conducted business with the ex-finance minister, Milojko Spajic.

ETH has displayed a Descending Channel Pattern on the daily time frame Traders may consider entering a long position at $1650, targeting $1890 Ethereum (ETH) has recently displayed a Descending Channel Pattern on the daily time frame, indicating a prevailing bearish trend. However, it is important to note that technical patterns are not infallible and can sometimes provide opportunities for trend reversals. In this trade setup, we will explore the potential for a bullish trend reversal in ETH. And discuss the entry point, target, and stop loss levels for a long position. The Descending Channel Pattern is characterized as a series of lower highs and lower lows, forming parallel trendlines that converge towards each other. More so, this pattern suggests a gradual weakening of bullish momentum and a potential continuation of the bearish trend. However, it is important to remain open to the possibility of a breakout and trend reversal. Ethereum Price Analysis: Trade Setup Entry: Following the Smart Money Move concept, we recommend considering a long position in ETH at $1650. This level is identified as an opportune entry point, taking into account the potential breakout from the Descending Channel Pattern. By entering at this level, traders and investors aim to capitalize on a potential shift in market sentiment towards the bullish side. Target: Our target for this trade setup is set at $1890. This target represents a significant upside potential from the breakout level, reflecting the expected price movement following a successful trend reversal. In addition, traders can look to book profits around this level or adjust their targets based on subsequent market developments. Stop Loss: To effectively manage risk, it is advisable to set a stop loss at $1620. This stop-loss level is strategically placed below the entry point, providing a buffer against potential downside risks. Even more, by implementing a stop loss, traders can limit potential losses in the event that the anticipated trend reversal does not materialize. Ethereum Price Analysis: ETH’s Descending Channel Pattern While Ethereum (ETH) has display a Descending Channel Pattern on the daily time frame, shows a bearish trend. Moreso, it is important to remain open to the potential for a trend reversal. By entering a long position at $1650, with a target set at $1890. And traders can position themselves to take advantage of a breakout and potential bullish momentum. However, risk management is crucial, and setting a stop loss at $1620 helps protect against adverse price movements. More so, as with any trading decision, it is recommended to conduct thorough analysis and consider personal risk tolerance before executing trades. Disclaimer: Any information contained in this article is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this article.

Binance Markets Limited did not launch its services and had zero consumers. The FCA demanded that Binance cease all UK regulatory efforts in 2021. The UK Financial Conduct Authority (FCA) has granted the request to deregister Binance Markets Limited (BML) made by the world’s biggest crypto exchange, Binance. Due to increased scrutiny from authorities, Binance Markets Limited did not launch its services and had zero consumers. Binance, a popular cryptocurrency exchange, is having further problems as it pulls out of the Dutch and Cyprus markets recently due to regulatory uncertainties. No Longer Authorized by FCA Binance Markets Limited’s deregistration with the UK’s Financial Conduct Authority (FCA) was finalized on May 30. There is currently no other Binance company that has FCA authorization to provide regulated services in the UK. The authorities stated: Since Binance Markets Limited never provided any services and had no users, its deregistration does not affect Binance operations, according to Ilir Laro, sub-regional manager for growth in the UK and Europe at Binance. Laro further added: Since launching its cryptocurrency service in 2020, Binance has been at odds with UK officials. The Financial Conduct Authority demanded that Binance cease all UK regulatory efforts in 2021. Despite the company’s problems in the United States, Binance’s chief strategy officer Patrick Hillmann recently stated the company’s intention to become regulated in the United Kingdom.

LTC displays an ascending triangle pattern, indicating a bullish trend. Traders eye a target price of 84.8 for LTC Litecoin (LTC) forms an ascending triangle pattern, a bullish technical formation that has caught the attention of cryptocurrency traders and investors alike. Moreover, with a target price of $84.8 and an entry point set at $74.95, market participants are eagerly monitoring this pattern for potential price breakouts. LTC Price Chart (Source: TradingView) Added to this, the ascending triangle pattern in LTC is characterized by a horizontal resistance level, formed by multiple price highs, and a rising trendline acting as support, marked by higher swing lows. Moreso, this pattern signifies an equilibrium between buyers and sellers, often leading to an eventual bullish breakout. In addition, traders and technical analysts have been closely studying LTC’s price action within the ascending triangle, recognizing the potential for a sustained upward move in the near future. – LTC Technical Analysis: Trade Setup Entry: For this trade setup, it is advisable to enter a long position once the price of Litecoin successfully breaks above the consolidation range, particularly surpassing the level of $74.95. Moreover, this breakout indicates a bullish signal, potentially leading to a significant upward move in LTC’s price. Target: The target for this trade setup is $84.8. This level represents a substantial potential upside from the breakout level, indicating the anticipated bullish momentum in Litecoin. In addition, traders and investors can consider this target as an objective to take profits from the trade. Stop Loss: Even more, to manage risk effectively, it set a stop loss at $73.8. Placing the stop loss below the lower boundary of the consolidation range helps protect against potential downward movements that may invalidate the bullish setup. By implementing a stop loss, traders can limit potential losses in case the trade does not go as anticipated. LTC Shows Ascending Triangle Pattern Even more, while technical patterns like the ascending triangle can provide insights into possible price movements, it’s important to consider additional factors that could impact LTC’s trajectory. In addition, the market conditions, investor sentiment, and broader cryptocurrency trends may also influence the price action of LTC. According to CoinMarketCap, the LTC price is trading at $76.49, at the time of writing. To note, traders and investors advised to keep a close eye on Litecoin (LTC) in the coming days as the ascending triangle pattern unfolds. Moreover, the potential breakout above the resistance level could generate significant trading opportunities. However, it is crucial to conduct thorough research, consider multiple indicators, and consult with financial professionals before making any investment decisions. Disclaimer: Any information contained in this article is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this article.

What Exactly is the Proposed Governance? The entire supply of $SWEAT allotted for these accounts is around 2.5 billion tokens or nearly 13% of the total supply. Under normal conditions, the project and the community have no recourse for reclaiming these tokens. In our instance, however, 90% of the TGE tokens were locked up in a lockup contract that was meant to release the remaining tokens over the course of 24 months, and the foundation retains the keys to this contract, offering us a unique chance to repurpose these “abandoned” tokens. This suggestion is a stage of a two-phase process. We have already finished the first stage and saw incredible community involvement. For outcomes, see below. Community Members Have Two Options: If you vote “Yes,” the 2 billion idle SWEAT tokens will be retrieved and returned to the Sweat Treasury for possible future distribution (or other uses as determined by further votes in #2 below), and if you vote “No,” the tokens will remain in dormant user accounts. At the Start of the Voting, the Community Provided the Following Feedback: The outcomes: (The in-app live result is shown upon the casting of the vote; the screenshot above displays the outcome.) The whole user experience takes place inside the Sweat Wallet app. Users are not needed to link their wallets or do any cross-platform operations. Between June 7 at 1 PM UTC and June 14 at 1 PM UTC, 355,506 votes were cast in the election. The majority of respondents (83%) supported the release of idle tokens that were kept in dormant user accounts. We will now transfer 2.4 billion SWEAT tokens (precise quantity to be updated) from tge-lockup.sweat to governance.treasury.sweat (execution in process, on-chain evidence to be updated) in order to respect the outcome. These tokens will be kept by us in a governance.treasury.sweat; they won’t be used in any manner till the second portion of the proposal is finished (see below). Next, What? We’ll present it to the community for a vote in a subsequent vote on whether to distribute the 2B tokens to our US launch in September 2023. More information is coming. What do we believe? Our target was 350,000 votes, but we exceeded it by 5,506 after receiving 355,506 in only 7 days. Oleg Fomenko, a co-founder of Sweat Economy, stated: Our system of governance is built on the tenet that each token holder has one vote, and everyone is allowed to have an impact on the project as long as they have any SWEAT. Following the vote, our technical team updated the lockup contracts, which generated a lot of activity on the NEAR blockchain. To maintain stability on the mainnet, we carefully collaborated with the NEAR team (see also Oleg Fomenko’s tweet). How did we manage it? In our last vote for governance, 153,783 people participated. Increased participation of over +130% was seen this time around because of the larger amount of SWEAT tokens involved, pre-launch socializing of the issue via Discord AMA, and enhanced UX in the app. We’ve provided enough time and chances for the community to learn about the proposal and voice questions before the launch.

Do Kwon denies passport forgery, and blames the Chinese agency in a legal battle. Alleged financial ties between Do Kwon and Montenegrin politician disputed. Terraform Labs founder, Do Kwon, firmly denied allegations of forging travel documentation and distanced himself from any financial connections with Europe Now party leader, Milojko Spajić, during a Montenegro court hearing. Kwon attributed the alleged passport forgery to a Chinese-named agency. According to a report by South Korean news outlet Segye Ilbo on June 17, Kwon revealed in court that he had obtained his passports, including a Costa Rican passport, through third-party “agencies” recommended by acquaintances. He argued that he had used his Costa Rican passport without any doubts about its authenticity throughout the years. When pressed for details about the agency responsible for procuring his passports, Kwon admitted to being unable to recall the precise name, only mentioning that it was “in Chinese.” Endless Court Turmoil During the hearing, Kwon vehemently denied allegations of financial donations to Milojko Spajić, the current leader of the Europe Now party. Despite Kwon’s claims of innocence, reports have circulated in Korean media for years. It suggests his clandestine sponsorship of a prominent Montenegrin politician using illicit funds. Judge Ivana Becić, presiding over the case, announced that a verdict on the forgery charges would be delivered on June 19. Meanwhile, Kwon will remain in extradition custody for a maximum of six months as the court reviews extradition requests from South Korea. Kwon, along with former Terraform Labs Chief Financial Officer Han Chong-joon, was initially arrested in Montenegro on March 23. He allegedly possessed forged documents while attempting to depart for Dubai on a private flight. The court initially approved their bail of 400,000 euros, but they later overturned the decision on appeal. However, on June 5, they dismissed their appeal. The collapse of Terraform Labs’ Terra ecosystem in May 2022 resulted in substantial losses estimated at up to $40 billion. Kwon’s ongoing custody in Montenegro, coupled with extradition requests from South Korea and the United States. Further compound his legal predicament, potentially leading to imprisonment for the document forgery charges.

Binance USD (BUSD), was one of the top dollar-pegged stablecoins in the crypto market, but its growth has taken a side track since its issuer was sued by the Securities and Exchange Commission (SEC). The market cap of BUSD has now been on a decline, causing it to fall to the position of the fourth biggest stablecoin. Meanwhile, the rest of the cryptocurrency market has been on an upward trajectory, with Tradecurve catching the attention of investors with its 30% price increase in a week. Binance USD (BUSD) Stablecoin Slides to Fourth Binance USD (BUSD), a dollar-pegged stablecoin issued by Paxos is now ranked as the fourth largest stablecoin, following a $1 billion dip in its market capitalization over the last 30 days. At the time of this writing, BUSD has a market cap of $4.295 billion and still maintains its 1:1 ped with the U.S. dollar. At its peak, Binance USD (BUSD) had a market cap north of $23 billion. The steep decline in the market cap of Paxos’s BUSD can be traced back to the collapse of FTX in November 2022 when the stablecoin was linked to the failed crypto exchange. Stablecoins naturally act as a safety net for cryptocurrency investors because of their 1:1 peg to the U.S. dollar, and the link BUSD had to FTX threatened that. In February 2023, Paxos would be investigated by the SEC and New York Department of Financial Services (NYDFS), with the latter ordering the stablecoin issuer to halt the minting and issuance of BUSD. These episodes together contributed to the decline of BUSD’s market cap from above $23 billion to $4.295 over the last seven months. Tradecurve Price Increases By 30%,, What’s Behind the Bullish Momentum? Unlike BUSD which has struggled with declines, Tradecurve has been on the rise, with its price increasing by 30% over the last week to reach a new high at $0.018. The primary drive for the recent TCRV price jump is the bullish sentiments market experts have expressed over Tradecurve’s potential to rekindle interest in the decentralized finance (DeFi) space through its connection to massive liquidity. Tradecurve is building the first DeFi platform that will seamlessly bridge the global derivatives market, including forex, option, ETFs, stocks, and commodities, with the nascent cryptocurrency market. The new trading platform will allow its users to trade all these assets from a single account, thus, acting as a bridge for the DeFi industry to tap into the massive OTC derivatives market that was valued at $632 trillion by the Bank for International Settlements in June 2022. Cryptocurrency market analysts have predicted that the volumes of the OTC market will not only provide liquidity for Tradecurve and the DeFi space but also be the source of massive price gains for the TCRV utility token. Now priced at $0.018 in the fourth stage of the Tradecurve presale, market analysts have predicted that the price of the token could shoot up to $1.5 before the end of 2023. For more information about the Tradecurve presale: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

~Web3 Leaders Tackle Centralization vs. Decentralization Debate at Proof Of Talk ~ PARIS–(BUSINESS WIRE)–A captivating panel discussion at the Proof Of Talk conference in Paris featured Dorian Vincileoni, Head of Business Development, Europe at KuCoin, alongside industry leaders from BitMEX, Messari, and Ceffu (formerly Binance Custody). The panel, moderated by Peter Zemsky, the Deputy Dean of INSEAD, addressed the contentious issue of centralization’s role in the rapidly evolving Web3 landscape and explored the challenges and opportunities arising from the interplay between centralization and decentralisation. KuCoin Europe Business Development Head, Dorian Vincileoni emphasised the importance of both centralised and decentralised elements coexisting and playing a beneficial role in the Web3 paradigm. He highlighted how centralised structures can act as stepping stones towards full decentralisation, providing the necessary infrastructure, support, and user experience to facilitate the adoption of decentralised technologies. Throughout the conversation, the panellists acknowledged the challenges and opportunities presented by the tension between centralization and decentralisation. Emphasizing that CEX and DEX are joining forces to revolutionize the future of crypto trading, catering to the needs of all investors. Centralized exchanges (CEX) will drive mass adoption, while decentralized exchanges (DEX) may remain the preferred choice for mature investors. By focusing on building trust, transparency, and fostering collaboration between centralized and decentralized participants, the industry aims to collectively promote innovation and growth, enabling investors to freely diversify their assets across both platforms. Centralised exchanges will continue to focus on building trust and transparency across all stakeholders. They emphasised the need for collaboration and interoperability between centralized and decentralized players to foster innovation and drive growth in the industry. Trust-building as a centralized player in a decentralized environment was another key topic of discussion. Vincileoni highlighted KuCoin’s commitment to user asset safety, transparency, and a user-centric platform, stressing the importance of robust security measures, transparency initiatives such as Proof of Reserves (PoR), and maintaining a user-friendly experience. Looking ahead, the panellists expressed their belief that centralised elements will continue to have a place within Web3, albeit in a more collaborative and integrated manner with decentralised systems. They acknowledged the value that centralised players like KuCoin can provide in terms of services, support, and infrastructure to facilitate the growth and adoption of decentralised technologies. The panel discussion today generated insightful conversations and deepened the understanding of the centralization-decentralisation debate within the Web3 ecosystem. By striking the right balance between these two paradigms, the industry aims to develop a robust Web3 ecosystem that benefits all stakeholders. For more information about the panel discussion or to schedule an interview with Dorian Vincileoni, Head of Business Development, Europe please contact KuCoin’s media relations team at [email protected] About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. To find out more, visit https://www.kucoin.com Contacts For media inquiries, please contact: [email protected]

DUBAI, United Arab Emirates–(BUSINESS WIRE)–#B2Broker–B2Broker, an industry-leading liquidity and technology provider, has added Non-Deliverable Forwards (NDFs) to its existing range of liquidity options. This addition shows the company’s dedication to providing a full range of asset options and top-quality risk management tools to their clients. Now, B2Broker supports virtually every major asset class, including: Rolling Spot FX & Precious Metals Crypto Derivatives/CFDs Single Stocks/CFDs Equity Indices Energies Commodities ETFs NDFs The new offering by B2Broker grants clients access to the most liquid markets in today’s global economy and offers significant advantages in terms of pricing, liquidity, order execution, and hedging. NDFs: An Overview NDFs are a type of financial derivative used in global trade to guard against losses caused by currency exchange rate changes. These contracts enable buyers and sellers to lock in an agreed-upon exchange rate at the outset of the transaction, with the difference between the agreed rate and the prevailing market exchange rate settled in cash at a later date. No physical exchange of currencies occurs in NDF transactions. NDFs are especially useful for managing risk in emerging markets where it may not be practical to use local currency forwards. They provide businesses with a cost-effective way to handle currency exposure, allowing parties to protect themselves against possible losses when conducting international operations. NDF Currencies at B2Broker B2Broker provides clients with a comprehensive selection of NDF currency pairs to protect themselves against price fluctuation risks in numerous developing markets. Among these pairs are: USD/BRL USD/CLP USD/COP USD/IDR USD/INR USD/KRW USD/TWD What B2Broker Liquidity Offers B2Broker offers clients a more flexible and convenient option for NDFs by structuring them as Contracts For Difference (CFDs). Unlike traditional NDFs that have a settlement period of T+30, B2Broker clients can receive their settlements the next business day through CFD contracts. This improvement reduces settlement risks and speeds up the process, providing clients with an enhanced level of security and effectiveness. B2Broker offers its clients some of the most competitive commission rates available in the market, with an emphasis on providing institutional and retail brokers with the best possible service. Reduced Margin Requirements on 10 Additional Crypto CFDs In addition to adding a new asset class, B2Broker has decreased margin requirements from 20% to 10% on these particular pairs: BNB/USD DSH/USD TRX/USD XMR/USD ZEC/USD SOL/USD DOT/USD LNK/USD AVA/USD ATM/USD Updated PoP Institutional Liquidity Offer B2Broker has upgraded its PoP institutional liquidity packages by integrating connectivity points for Prime Margin Accounts through OneZero, PrimeXM, and Centroid. This improvement allows clients to take advantage of STP/DMA (A-book model) terms resulting in genuine market execution and complete transparency. Additionally, B2Broker offers technical assistance 24/7 to guarantee seamless execution. B2Broker provides an effortless onboarding experience with their free setup of the Prime Margin Account. Also, clients are able to benefit from affordable monthly minimum liquidity fees against traded volume. About B2Broker B2Broker is the premier provider of technology and liquidity for financial institutions, crypto exchanges, and brokers. With its suite of services, B2Broker gives customers access to 800+ trading instruments across 8 asset classes allowing them to trade with confidence. With the latest update to its liquidity offerings, B2Broker stands to cement its position as a global leader in the B2B space. Contacts [email protected] +44 208 068 8636

Bullish KAVA price prediction for 2023 is $1.148 to $1.915. Kava (KAVA) price might reach $1.5 soon. Bearish KAVA price prediction for 2023 is $0.518. In Kava (KAVA) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about KAVA to analyze the future movement of the cryptocurrency. Kava (KAVA) Current Market Status Current Price $0.819 24 – Hour Trading Volume $28,542,011 24 – Hour Price Change 0.47% Down Circulating Supply 579,710,883 All – Time High $9.1926 (On September 09, 2021) KAVA Current Market Status (Source: CoinMarketCap) What is Kava (KAVA)? Kava is a cross-chain decentralized financial platform (DeFi) that enables users to obtain credit by blocking collateral in exchange for USDX, a stable currency pegged to the US dollar. The protocol built on Cosmos uses ecosystem partitions to provide interoperability and support for cryptocurrencies hosted on disparate blockchains such as Bitcoin and XRP. Kava Token (KAVA) is a native governance token and a shared asset of the Kava protocol. Token holders are responsible for regulating the protocol, voting on smart contracts and proposals for operating parameters, securing the network and acting as the lender of last resort. Kava (KAVA) Price Prediction 2023 Kava holds the 74th position on CoinGecko right now. KAVA price prediction 2023 is explained below with a daily time frame. KAVA/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Kava (KAVA) laid out a Horizontal Channel Pattern, Horizontal Channel Pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Kava (KAVA) was recorded at $0.799. If the pattern trend continues, then the price of KAVA might reach the resistance levels of $1.126 and $1.838. If the trend reverses, then the price of KAVA may fall to the support of $0.886 and $0.695. Kava (KAVA) Support and Resistance Levels The chart below shows the support and resistance levels of Kava (KAVA). KAVA/USDT Resistance and Support Levels (Source: TradingView) From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Kava (KAVA). Resistance Level 1 $1.148 Resistance Level 2 $1.915 Support Level 1 $0.756 Support Level 2 $0.518 KAVA/USDT Support and Resistance Level As per the above analysis, if Kava’s (KAVA) bulls take the lead, then it might hit and break through its resistance level of $1.915. Conversely, if Kava’s (KAVA) bears dominate the trend, the price of KAVA might plunge to $0.518. Kava (KAVA) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Kava (KAVA) are shown in the chart below. KAVA/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Kava (KAVA) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the KAVA price lies below 50 MA (short-term), indicating its downward. Hence, KAVA is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of KAVA is at 39.31. Therefore, this indicates KAVA is neither an overbought nor oversold state. Kava (KAVA) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Kava (KAVA) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). KAVA/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of KAVA lies in the range of 16.429 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of KAVA lies below 50, indicating high volatility. Comparison of KAVA with BTC, ETH Let us now compare the price movements of Kava (KAVA) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs KAVA Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of KAVA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of KAVA also increases or decreases respectively. Kava (KAVA) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Kava (KAVA) between 2024 and 2030. Kava (KAVA) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Kava (KAVA) might successfully test and surpass its resistance levels to hit $3 by 2024. Kava (KAVA) Price Prediction 2025 The significant upgrades in the Kava ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Kava (KAVA) price to reach $5 by 2025. Kava (KAVA) Price Prediction 2026 If Kava (KAVA) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $7. Kava (KAVA) Price Prediction 2027 If Kava (KAVA) sustains major resistance levels and stands as a better investment option in the market, then KAVA would rally to hit $9. Kava (KAVA) Price Prediction 2028 If Kava (KAVA) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then KAVA would hit $11 by 2028. Kava (KAVA) Price Prediction 2029 If investors flock in and continue to place their bets on Kava (KAVA), then the crypto would witness major spikes. Hence, KAVA might hit $13 by 2029. Kava (KAVA) Price Prediction 2030 By 2030, the KAVA price might rally to $15 if the trend momentum aligns in favor of Kava. Furthermore, KAVA would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Kava (KAVA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Kava (KAVA) price prediction for 2023 is $1.915. Comparatively, the bearish Kava (KAVA) price prediction for 2023 is $0.518. If there is a positive elevation in the market momentum and investors’ sentiment, then Kava (KAVA) might hit $1.5. Furthermore, with future upgrades and advancements in the Kava ecosystem, KAVA might surpass its current all-time high (ATH) of $9.1926 and mark its new ATH. FAQ Kava is a cross-chain decentralized financial platform (DeFi) that enables users to obtain credit by blocking collateral in exchange for USDX, a stable currency pegged to the US dollar. 2. Where can you buy Kava (KAVA)? Traders can trade Kava (KAVA) on the following cryptocurrency exchanges such as Binance, KuCoi, CoinbaseExchange, Huobi and Bitget. 3. Will Kava (KAVA) record a new ATH soon? With the ongoing developments and upgrades within the Kava platform, Kava (KAVA) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Kava (KAVA)? Kava (KAVA) hit its current all-time high (ATH) of $9.1926 on September 09, 2021. 5. What is the lowest price of Kava (KAVA)? According to CoinMarketCap, KAVA hit its all-time low (ATL) of $0.3 on May 13, 2020. 6. Will Kava (KAVA) hit $1.5? If Kava (KAVA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1.5 soon. 7. What will be the Kava (KAVA) price by 2024? Kava (KAVA) price might reach $3 by 2024. 8. What will be the Kava (KAVA) price by 2025? Kava (KAVA) price might reach $5 by 2025. 9. What will be the Kava (KAVA) price by 2026? Kava (KAVA) price might reach $7 by 2026. 10. What will be the Kava (KAVA) price by 2027? Kava (KAVA) price might reach $9 by 2027. Top Crypto Predictions Sui (SUI) Price Prediction 2023 Baby Doge Coin (BABYDOGE) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.