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Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license. The crypto exchange had recently canceled VASP registration in several EU countries. In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according to those in the know. After facing increased regulatory obstacles in Europe and a lawsuit from the US Securities and Exchange Commission (SEC), cryptocurrency exchange Binance has continued to withdraw its license applications in many European nations. The only countries where Binance is legally able to operate are France, Italy, Spain, Poland, Sweden, and Lithuania. Compliance With Forthcoming MiCA Law According to Finance Forward, Binance Austria GmbH has revoked its license as a virtual asset service provider from the Austrian Financial Market Authority (FMA). A Binance representative stated: Moreover, Binance had recently canceled its VASP registration in the United Kingdom, the Netherlands, Belgium, and Cyprus. The cryptocurrency trading platform is making efforts to maintain complete compliance with the forthcoming MiCA law. It will act as a passport allowing crypto businesses to lawfully operate in any EU member state. This would be with only one license. Binance, however, sees the United Arab Emirates as a strategic base and plans to grow its services there. In a previous post, Binance CEO “CZ” praised the Emirate for its “clear crypto regulations” and “friendly approach” to the crypto business. Highlighted Crypto News Today: Binance Witnesses Significant Drop in Market Share, Reaching One-Year Low
 
Shiba Inu lead developer updates profile picture, hinting at potential changes. Shytoshi Kusama’s new avatar picture sparks speculation in Shiba Inu community. A possible sign of Shibarium mainnet launch as Shiba Inu developer alters profile picture. The lead developer of Shiba Inu, who goes by the pseudonym Shytoshi Kusama, has updated his avatar picture on the official “Shibarium Tech” channel on Telegram. This change was observed by Lucie, a content marketing specialist within the SHIB team. Shytoshi Kusama, known for his philosophical style of communication, often leaves his followers speculating about the underlying meaning behind his actions. He typically alters his social media statuses to indicate significant milestones or upcoming changes. In this instance, he has chosen a new profile picture for his Telegram account, featuring a Shiba Inu silhouette amidst blossoming Sakura trees. The image has an artistic aesthetic reminiscent of NFTs or classic PC games. Given the recent statements from Shytoshi, Lucie, and some SHIB developers, it is reasonable to speculate that the launch of the Shibarium mainnet may be drawing closer, which could explain the updated profile picture. Tentative release dates of July, August, and September have been mentioned. Notably, July is only a few days away. Shiba Inu’s Kusama slams haters The Shiba Inu community on Twitter has been engaged in conversations regarding a message shared by Shytoshi Kusama, addressing individuals who have expressed negativity towards himself, SHIB, and Shibarium. A screenshot of this Telegram message has gained traction on Twitter recently. In the message, Shytoshi responded to the recent wave of hate and criticism surrounding the delays in the release of Shibarium. He expressed that “every single fudder will be utterly rekt,” using strong language that may have invoked fear among those targeted by this statement.
 
ZUG, Switzerland–(BUSINESS WIRE)–Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated its fourteenth core protocol upgrade: Nairobi. The Nairobi upgrade will make it faster and easier to run applications on the Tezos blockchain by introducing several updates and improvements to the Tezos protocol. These include enhancements to Smart Rollups, Tezos’ industry leading scaling solution. Smart Rollups can now be upgraded in sync with the protocol, using Tezos’ pioneering on-chain governance. Smart Rollups give developers a more reliable, secure, and decentralized scaling solution than any other blockchain solution. In addition, the upgrade resulted in an eightfold increase in transactions per second (TPS) while decreasing the cost per transaction. “The Nairobi upgrade demonstrates once again the strength of the Tezos community, and further establishes Tezos’ lead in scaling,” said Arthur Breitman, co-founder of Tezos. “Serious applications require serious technology, and Tezos’ resiliency, adaptability, and substance stands in contrast to loose industry standards.” 8X TPS increase with enhanced gas model Powering even more transactions with tailored costs for different cryptographic curves The Nairobi upgrade will enable up to 8x more operations to be completed per second while decreasing the cost per transaction for most operations. In contrast to the previous flat-rate, one-size-fits-all model for gas costs for signature verification, the new model is fairer to the users, making authentication costs fit better with computational resources required. Reach consensus quicker Swift pre-attestation propagation The Nairobi upgrade speeds up the whole chain by fine tuning the consensus mechanism, allowing for reliable operations at lower latencies. The upgrade also contributes to keeping hardware requirements low for participating in consensus, which benefits decentralization while simultaneously increasing consensus rewards for Tezos “bakers”. Upgrade to Smart Rollups Seamless Layer 2 experience Nairobi enables Smart Rollups to evolve in sync with the Tezos layer 1 protocol. This allows Rollups to prepare for and instantly take advantage of the capabilities provided by future protocol upgrades. Smart Rollups on Tezos are enshrined in Layer 1 rather than deployed as smart contracts, making them more efficient, reliable, and decentralized than other Layer 2 solutions such as Arbitrum or Optimism. Evolution driven by the community As with every Tezos upgrade, Nairobi has been validated and approved by the community through the Tezos blockchain’s on-chain governance process. The activation of Nairobi marks the culmination of a months-long collaboration between developer teams and the broader Tezos community. Developers from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori have contributed to this update, which unveils a new era of scalability and opens the door for exciting new applications to be deployed on the Tezos blockchain. About TEZOS Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com. About the TEZOS FOUNDATION The Tezos Foundation is a Swiss non-profit foundation that supports the development and long-term success of the Tezos protocol, an energy-efficient blockchain with the ability to evolve by upgrading itself. For more information, please visit www.tezos.foundation. Contacts Randall Woods [email protected]
 
HSBC is the first Hong Kong bank to provide crypto-derivative products to its clients. Large financial institutions are still wary of working with the crypto industry in Hong Kong. HSBC, Hong Kong’s biggest bank, is now facilitating the purchase and sale of Bitcoin ETFs listed on the Hong Kong Stock Exchange. Cryptocurrency exchange-traded funds (ETFs) such as CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are all available on the Hong Kong stock market at the present time. HSBC is the first Hong Kong bank to provide crypto-derivative products to its clients. Colin Wu, a well-known crypto reporter, said that this “move will expand local users’ exposure to cryptocurrencies in Hong Kong.” According to Colin Wu: Push by Hong Kong Monetary Authority According to reports from earlier this month, authorities in Hong Kong have been putting pressure on financial institutions to collaborate with local crypto businesses. The Hong Kong Monetary Authority (HKMA) has questioned the reluctance of financial behemoths like HSBC and Standard Chartered to accept cryptocurrency customers. It seems, however, that the authorities have finally convinced the major financial institutions to accommodate crypto consumers. The HKMA advised financial institutions to do due research on cryptocurrency firms without unduly restricting their operations, particularly those setting up business in the area to investigate potential growth avenues. There is no outright prohibition of cryptocurrencies, but large financial institutions are still wary of working with the crypto industry owing to the risk of legal repercussions stemming from customers’ use of cryptocurrencies for criminal purposes like money laundering. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria
 
DeFi investment opportunities are looking a little more palatable today with the news that Soil, creator of a real-world asset-backed loan marketplace, has achieved full compliance with local regulators in its home base of Estonia. Soil is the creator of a unique debt marketplace where traditional companies can seek funding from stablecoin investors by putting up tokenized collateral such as debt. Crypto investors can search for opportunities in Soil’s marketplace to lend their assets to these companies and earn yield. Soil believes there’s a big opportunity for this kind of marketplace among startups that have a solid business plan but cannot obtain financing through traditional means. Venture capital is difficult to obtain, and bank-based financing can be extremely inflexible, meaning there’s big demand for alternative forms of financing. Soil has built its debt marketplace protocol atop of the Polygon blockchain, and offers businesses various funding options, with highly competitive rates and loan durations. Soil’s role is to match borrowers with lenders, and takes a small fee from the connections it facilitates. Soil said today it has received confirmation from Estonia’s local financial markets regulator that its planned operations are fully compliant with local rules and regulations. It’s a big milestone for the company, which can now claim that regulators have validated the assumptions of its business model. According to the company, it is also positioning itself for full compliance with Europe’s new MiCA regulation, which was adopted earlier this year and sets out rules on transparency and disclosure requirements for crypto asset firms. The MiCA rules govern the authorization and supervision of crypto asset service providers and issues, the operation, organization and governance of issuers of asset-referenced tokens, consumer protections and measures to prevent market abuse. Backed by its innovative business model and solid legal support, Soil believes it is well placed to inspire investor confidence in alternative financial markets based on DeFi. However, its CEO Jakub Bojan stressed that this is just the start, as the company will continue to work on promoting transparency and investor safety. “We hired several teams of lawyers from different countries and waited long weeks to receive official confirmation from the local regulator that the activities planned on our Soil Platform are legal”, Bojan said.
The Preferred Shares private offering is designed specifically for Registered Investment Advisors and Family Offices who are seeking exposure for their clients to a differentiated alternative asset class. PORTSMOUTH, N.H.–(BUSINESS WIRE)–American Elm Distribution Partners, LLC (“American Elm”) has been engaged by Ascendant Capital (“Ascendant”), a Cayman based company, to distribute a new round of Preferred Shares designed to further expand Ascendant’s reinsurance business and its unique investment diversification strategy amongst investors. Ascendant Capital reinsures MYGA and FIA annuity policies issued by U.S. insurance companies. Reinsurance companies have gained prominence over the last two decades for the role they play in the insurance industry. By assuming a portion of the policies to reduce exposure to the insurance company, they are supporting growth, mitigating risk, and providing stability. “American Elm is excited for the opportunity to distribute preferred shares in a reinsurance company whose unique investment strategy can be a great diversification tool for investment allocators,” commented Carmine Cozelino, President of American Elm Distribution Partners, LLC. “We are delighted to be working with American Elm during this exciting stage of our growth. We believe this environment presents attractive opportunities to expand Ascendant’s footprint and continue to build on our track record,” commented Erik Fell, Chief Executive Officer of Ascendant Capital. About Ascendant Capital Ascendant Capital operates an annuity reinsurance business that is domiciled in the Cayman Islands and serves primary insurers in the United States. Ascendant reinsures multi-year guaranteed annuities (“MYGA”) and individual fixed index annuity (“FIA”) policies, sold in the United States. Ascendant’s investment strategy combines the benefits of traditional fixed income assets with measured exposure to digital assets and companies providing services or infrastructure to the blockchain industry. About American Elm American Elm Distribution Partners is a managing broker-dealer and multi-product platform raising capital in the retail marketplace. American Elm’s mission is to create and distribute innovative alternative investments with the goal of providing more diversified investment solutions. American Elm Advisors, an affiliated company, offers compliance and distribution consulting services to insurance companies, broker-dealers, and registered investment advisors. Contacts For additional information: Carmine Cozelino Email: [email protected]
 
In recent years, Indian crypto exchanges increased in numbers while playing crucial roles in bolstering the adoption of cryptocurrencies. Significantly, India is one of the prominent countries for the crypto industry as it has vast users who emerged in the sector. Crypto adoption across the nation has been attributed to various factors. While crypto enthusiasts embrace the rising wave of digital currencies, crypto exchanges serve as the intermediaries connecting them to the transformative ecosystem. However, the Indian government gives a push towards the regulation of cryptocurrencies. This has influenced a notable surge and plunge in the crypto industry. Indian officials have been seeking to set up a clear regulatory framework for monitoring cryptos and address issues like user protection and money laundering. Overall, the objective is to balance between promoting innovation and ensuring a secure and transparent environment for crypto users. Indian crypto exchanges have played a pivotal role in encouraging crypto adoption in India. Furthermore, the Indian crypto ecosystem is evolving and expanding, offering potential ventures for traders, investors, and blockchain supporters. Several crypto exchanges have registered in India and are opting for comprehensive regulation policies. Additionally, in a significant move towards expanding its global presence, KoinBX, the emerging top Indian crypto exchange, has secured European Union Trademark registration. Europe has also been actively working on establishing a complete regulatory framework for cryptocurrencies and related activities. KoinBX Makes the Global Move Crypto exchange KoinBX is extending its global presence by foraying into diverse economies, marking its first step with Europe. It holds a competitive advantage in cultivating a dedicated user base. Currently, the exchange upholds its successful registration under European Union Intellectual Property. Several European countries have implemented licensing and registration regimes for crypto exchanges and virtual asset service providers (VASPs). However, few of them have actively embraced blockchain and crypto to become hubs for innovation. With a determined stride, the Indian crypto exchange embarks on its crypto journey, aiming to cater to crypto enthusiasts worldwide with a plethora of services. The exchange gained popularity among youngsters and has become a go-to platform for millennials who value its seamless trading experience and user-friendly infrastructure. Furthermore, its consistent ascent in the CoinMarketCap ranking list speaks volumes. Meanwhile, its impressive array of features and robust security measures to protect user funds have garnered widespread acclaim among users. In a unique offering, KoinBX enables direct trading of various cryptos against the Indian Rupees (INR), setting itself apart from other platforms. Inclusive of mainstream cryptocurrencies such as Bitcoin (BTC) and stablecoins, KoinBX goes beyond by supporting a wide range of altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and more for trading against INR. With a transaction fee of approximately 0.2% and a minimum investment requirement of 100 INR, it aligns with other Indian exchanges in terms of fees and entry threshold. Furthermore, crypto exchanges, investors, and enthusiasts unitedly accelerate crypto adoption worldwide. Although, KoinBX is one of the emerging popular Indian crypto exchanges, its crucial step towards global expansion by venturing into Europe showcases its commitment to its users. The journey of KoinBX is in sync with the evolving nature and trends of the crypto industry. As India and Europe continue to fine-tune their legal frameworks, the crypto sector in both nations holds enormous potential for traders, investors, and blockchain supporters.
 
DeFi tokens show resilience with a 15% market cap increase. Aave, Uniswap, and STACKS experience notable price movement. In today’s crypto market, Defi tokens have showcased exceptional performance. It is currently outshining in the ever-evolving landscape. Over the past two weeks, the total market capitalization of DeFi has witnessed a remarkable 15% increase, soaring from $41.5 billion to $47.8 billion. Aave, Uniswap, Stacks, and Synthetix have been the major key players in the DeFi ground. According to CoinmarketCap, the current market cap of DeF is $44.27B with a trading volume of $3B. Overall DeFi Market Cap, Source: CoinGecko Aave (AAVE) Aave (AAVE) has experienced a significant upswing, surging by 44% in the past two weeks and breaking the $67.8-$66.8 resistance barrier. If buyers can sustain this breakthrough, there is potential for a further 10% increase, with the resistance trendline within reach. However, it is important to note that Aave is currently priced at $64.92, showing a 10.54% decline in the last indicating some volatility in the market. AAVE 7D Chart, Source: CoinMarketCap Uniswap (UNI) Uniswap (UNI) has also attracted attention from investors as it witnessed a 22.33% surge last week and broke through a resistance trendline of a channel pattern. This breakout suggests a shift in sentiment from selling on bounces to buying on dips. If the daily candle closes above the resistance trendline, buyers might find support at this level, potentially driving the price higher. According to CoinMarketCap, UNI is currently trading at $5.46 with a surge of 2.45%. UNI 7D Chart, Source: CoinMarketCap Stacks (STX) STX, a Bitcoin Layer for smart contracts, has experienced a notable surge of 32.07% over the past week. With its ability to enable smart contracts and decentralized applications to utilize Bitcoin as an asset and settle transactions on the Bitcoin blockchain, STACKS has gained attention amidst the positive sentiment surrounding Bitcoin. According to CoinMarketCap, STX is currently trading at $0.7466 with a surge of 1.62%. STX 7D Chart, Source: CoinMarketCap Synthetix (SNX) Synthetix (SNX) presents an interesting opportunity as it challenges the upper trendline of a falling channel pattern. Over the past week, SNX has surged by over 19.10%. However, if supply pressure persists, there is a possibility of a reversal from this trendline, potentially pushing the price back to a lower trendline. According to CoinMarketCap,It is important to note that SNX is currently priced at $2.14, showing a 7.13% decline. SNX 7D Chart, Source: CoinMarketCap Finally,While DeFi tokens have faced volatility and have had mixed performance throughout 2023,Even currently the DeFi market cap is down 20.42%.Yet it is believed that they might jump up in a brief time as the overall sentiment in the crypto market improves. Disclaimer: The above analysis is based on technical charts and market trends and should not be considered as financial advice. Cryptocurrency investments carry inherent risks, and readers should exercise caution and conduct their own research before making any investment decisions.
 
Dover, USA, June 26th, 2023, Chainwire MetaBlaze, a pioneering Web 3 Gaming, and AI Company, is building momentum as they approach its upcoming Q3 launch. Between strategic partnerships with household Crypto Gaming brands, a sold-out presale, and a never-before-seen AI-Integrated NFT collection, the MetaBlaze ecosystem is primed for its next evolution stage. MetaBlaze Reaches $4M Presale HardCap Despite Crypto Winter While the Web 3 Gaming industry has languished throughout 2022 and 2023, MetaBlaze has charged forward, going from strength to strength. Its community presale announces a filled hard cap, raising an impressive USD 4 million, with over two thousand and two-hundred holders. This achievement is a testament to the unwavering support from MetaBlaze’s enthusiastic community, who are buoyed and inspired by the vision, scope, and potential exhibited by the MetaBlaze team. The Company is now looking forward to the anticipated launch of its native mblz token on September 15th, which will be available on several centralized and decentralized crypto exchanges. MetaBlaze Kickstarts Expansion with Two Key Strategic Partnerships MetaBlaze is proud to announce partnerships with two of the most prominent Gaming Guilds in Web3. These partnerships represent a significant milestone in MetaBlaze’s journey, as they bring together some of the most respected names in the gaming guilds space. MetaBlaze and Glip.gg have teamed up to positively impact the Web3 gaming space. Glip.gg is a renowned Gaming Guild with over ten million mobile app downloads. Leveraging their wealth of experience and vibrant player community, Glip.gg is poised to help MetaBlaze reach millions of players. Together, they plan to reshape Web3 gaming with MetaBlaze’s innovative Craft-to-Earn and Solve-to-Earn experiences, interweaving with dynamic storytelling. MetaBlaze has also entered into a strategic partnership with IndiGG, an affiliate of the esteemed Yield Guild Games (YGG) DAO, backed by Polygon Studios. IndiGG operates as a regional subDAO, concentrating on augmenting play-to-earn prospects. Their primary objective is to engage the vast population of passionate global gamers. Through this collaboration, MetaBlaze and Indi.gg aim to bring about a transformative shift in Web3 gaming. MetaBlaze has established valuable partnerships to reach more players, elevate its game development, aiming to enhance gameplay for web3 gamers and deliver distinct MetaBlaze experiences that stand out in an increasingly competitive arena. MetaBlaze is sets a new precedent with innovative Craft-to-Earn & Solve-to-Earn mechanics, which incentivize players to showcase their creative crafting, problem-solving, and critical thinking skills. These mechanics ensure that each player’s experience is just as dynamic as it is unique. At its core, the MetaBlaze ecosystem promotes interoperability and sustainability. Its unique gamenomics are designed to breathe new life into these iconic and established Gaming Guilds and reimagine the expectations of the Web 3 Gaming space, further enhancing the MetaBlaze universe, and creating a more immersive and rewarding experience for players. Unveiling The Industry’s First Ever AI-Powered NFTs Launching tomorrow, June 27th, MetaBlaze’s AI MetaChip NFT brings disruptive new utility to the NFT industry. The AI MetaChip represents a significant advancement in the NFT space. It is a first-of-its-kind digital asset that enables players to metamorphose their coveted MetaBlaze NFTs into a responsive and adaptive AI-powered Galaxian Guide. The Galaxian Guide, an in-game companion, is designed to help players navigate the challenges and mysteries within the MetaBlaze Universe, experiencing and interacting with in-game content organically alongside gamers as events unfold. The Galaxian Guide provides MetaBlaze players with dynamic intelligence and guidance, unlocking their creativity, enhancing gameplay, and increasing their chances of success. Fully compatible with existing MetaBlaze NFTs, The AI MetaChip integrates seamlessly with MetaBlaze NFTs and gives players a competitive edge when navigating through mysteries and enigmas within the Universe. The Galaxian Guide reimagines the possibilities of NFT technology, incorporating AI in an unprecedented manner within the Web 3 gaming industry and enhancing gaming experiences for players. With a limited collection of only 1,000 NFTs and a full allowlist, the AI MetaChip NFT drop has generated significant interest. This ultra-limited collection presents a unique opportunity for players and collectors to seize this historic moment in Web 3 Gaming. Minting goes live tomorrow, June 27th. An exclusive offering also includes an NFT Bundle, consisting of 1 AI MetaChip and 3 MetaGoblins NFTs. Mint AI MetaChip NFT About MetaBlaze MetaBlaze combines AI and blockchain technology to craft immersive Web3 experiences through gaming, captivating storytelling, and purpose-driven digital assets. For more updates and news about our MetaBlaze: Official Website | Telegram | Twitter | Instagram | YouTube Contact CEO Michelle MetaBlaze [email protected]
 
Bitcoin (BTC) and the rest of the cryptocurrency market started June trading on a descending pattern amidst regulatory pressure on the industry. However, over the last few days, Bitcoin’s price has experienced a rapid rally propelled by the news of institutional interest in spot Bitcoin ETF. Although the flagship token soared past the $30k mark, bearish pressure has set in pushing the token to the $29k region. Meanwhile, Tradecurve, a relatively new token, is on a bullish momentum and bulls are gearing to push the price from $0.018 to $0.025. Where would the prices of BTC and TCRV end up in June? >>BUY TCRV TOKENS NOW<< Bitcoin Bulls Look To Regain Control. Where could prices end up in June? On June 14th, Bitcoin’s price dropped below $25,000, after a wave of bearish news such as lawsuits from the Securities and Exchange Commission (SEC). However, the tide turned once again with the emergence of BlackRock’s announcement of filing for a Bitcoin spot ETF. Following this news, Bitcoin witnessed a surge of more than 20%. By press time, Bitcoin is trading at $30,143.75, with a slight increase of -0.49% over the last 24 hours. Currently, Bitcoin bulls are trying to regain control of the market and are approaching the critical level of $31,839, which marks the midpoint of a range spanning from $48,192 to $15,487. Looking from a long-term perspective, a retracement could occur if the coin successfully retests the $31,389 resistance. Considering the price fluctuations of Bitcoin observed at the beginning of 2023, cryptocurrency experts predict an average BTC rate of $29,464.50 in June 2023. However, with the current bullish momentum, if Bitcoin holds above the $30,000 support, the flagship cryptocurrency could make a run at the $32,000 resistance. Many experts predict that this resistance would hold, but if Bitcoin breaks above this region, Tradecurve (TCRV) Bulls Look To Regain Control. Where Could Prices End Up In June? Like Bitcoin, Tradecurve (TCRV) has shown strong bullish momentum over the last week. During this period, the price of TCRV has increased by 20% to set a new trading high of $0.018. With Tradecurve building even more bullish momentum as more traders jump into its platform, TCRV bulls are now eyeing the $0.025 price mark as the next target for June. Meanwhile, market analysts and investors are more optimistic about the long-term trajectory of TCRV, anticipating further bullish momentum. A major consensus is that the price of TCRV would breach the $1 mark before the end of 2023. This projection has ignited enthusiasm and anticipation among investors regarding the future prospects of the project. Notably, Tradecurve surpasses exchanges like Kraken and Gemini in terms of anonymous trading and low trading fees. Additionally, the platform provides access to a diverse range of trading assets, including commodities, CFDs, forex, cryptocurrencies, bonds, and stocks. Furthermore, Tradecurve prides itself on offering one of the lowest trading fees in the cryptocurrency industry, making it an appealing choice for traders. Visit the links below to get more information about Tradecurve and the TCRV token: Click Here For the Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram
 
Approximately 19,000 Miners Are Now Active and Delivering an Operational Hash Rate of 2.1 Exahashes per Second LAS VEGAS–(BUSINESS WIRE)–$AGREE #19000_miners_active—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, (“Ault Alliance” or the “Company”), announced today that its wholly owned subsidiary, BitNile, Inc. (“BNI”) has issued an unaudited update on its Bitcoin mining operations reporting BNI’s mining operations is currently operating at a hash rate of 2.1 exahashes per second with approximately 9,000 of its Bitcoin miners at its Michigan data center and 10,000 Bitcoin miners that are being hosted through its strategic collaboration with Core Scientific, Inc. The annualized gross value of Bitcoin currently being mined utilizing BNI’s miners is more than $55 million, based on current market conditions, including a current trading price of Bitcoin at $30,500 and a mining difficulty of 52.35 trillion. Milton “Todd” Ault III, Founder and Executive Chairman of Ault Alliance expressed his enthusiasm, “We are energized by our progress at our Michigan data center and with our partnership with Core Scientific, where we have successfully deployed most of our existing Bitcoin mining machines. The real highlight, however, is our previously announced planned expansion to Montana. This new frontier for our mining operations is expected to initially offer 20 megawatts of power. A subsequent load study could reveal potential for up to 250 megawatts of future power capacity at the Montana location. This venture marks an exciting milestone in our ongoing commitment to the Bitcoin mining sector.” Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at https://www.ault.com/ or available at https://www.sec.gov/. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10‑Q and 8-K. All filings are available at https://www.sec.gov/ and on the Company’s website at https://www.ault.com/. Contacts [email protected] or 1-888-753-2235
 
Friday’s trading volume was significant at half a billion shares. Year-to-date, $BITO has been a top performer, with gains of 59.58% in market price. ProShare’s Bitcoin Futures Exchange Traded Fund (ETF) $BITO has seen a huge surge in inflows, boosting its asset value to over $1 billion, a development that is very important for the cryptocurrency market. Speculation over the Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin ETF has piqued investors’ interest in Bitcoin derivatives. Eric Balchunas, Bloomberg’s Senior ETF Analyst, said that Friday’s trading volume was significant at half a billion shares, and that $BITO saw its greatest weekly inflow in a year. $BITO has shown a remarkable capacity to follow the price of Bitcoin closely, despite worries about the influence of futures roll charges on its performance. Investors Optimistic Year-to-date, $BITO has been a top performer, with gains of 59.58% in market price and 59.62% in NAV, as reported by ProShares. If we take a look at how $BITO has performed over the last three and six months, we can see that it has grown significantly. Holding the fund for each of these time frames would have yielded a positive return of 14.04%. BlackRock’s filing of a Bitcoin exchange-traded fund (ETF) on June 15 likely contributed to the current uptick in interest in Bitcoin derivatives. BlackRock’s action has sparked a rush by other companies to submit their own applications for a spot Bitcoin ETF, even though it is still unclear if the SEC would allow such an ETF. Both WisdomTree and Invesco have recently reapplied to the SEC for permission to launch spot Bitcoin ETFs. Approval of a spot Bitcoin ETF would make cryptocurrency investment more approachable and regulated for institutional and ordinary investors. Highlighted Crypto News Today: Japan Lures Investors by Relaxing Crypto Assets Taxation for Firms
 
Fabio Panetta is an executive board member of the European Central Bank (ECB). The official stated that the immutability of blockchains is a negative feature of the field. European Central Bank (ECB) executive board member Fabio Panetta has cast a gloomy future for crypto, linking it with gambling among traders. The official said that crypto assets should be regulated as a kind of gambling due to their “highly volatile” character. In prepared comments for a panel discussion at this year’s Bank for International Settlements Annual Conference on June 23rd. Panetta predicted that the cryptocurrency market’s reputation as a “robust store of value” started to erode somewhere between the end of 2021 and the beginning of 2022. When it dropped by more than $1 trillion in value. The ECB official stated: Negative Feature Panetta also said that the “security, scalability, and decentralisation” of crypto transactions was “not achievable.” And that the immutability of blockchains is a negative feature of the field since transactions cannot be undone. As examples of “fundamental shortcomings” in the ecosystem, he pointed to the demise of FTX and a recent lawsuit filed by the United States SEC against Binance. Parts of the ECB’s proposals for a prospective digital euro, which are now under study, have already had Panetta’s support. In addition, he has advocated for the prohibition of crypto assets having an “excessive ecological footprint” in an attempt to mitigate environmental hazards. Highlighted Crypto News Today: Japan Lures Investors by Relaxing Crypto Assets Taxation for Firms
 
Bitcoin (BTC) soared to almost $31,400, the highest level since June 2022. Pro XRP lawyer predicted that the BTC price may hit $300,000. The top cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have demonstrated significant strength, continuing their upward trajectory in the early hours of trading this week. BTC, the world’s largest cryptocurrency, has managed to maintain its position above the $30,200 range, while ETH has surged by 8.66% in a week to reach the $1,900 mark. Bitcoin is currently in a “significant uptrend.” Over the past week, Bitcoin’s price has surged by an impressive 15%, while over the last 14 days, it has witnessed a remarkable gain of 17%. In addition, the Bitcoin price climbed to $31K over the weekend. Bitcoin (BTC) Price Chart (Source: Tradingview) According to the data, this recent surge in prices is attributed to the emergence of a short bull market, which closely follows several applications for spot Bitcoin ETFs. Also, the anticipation of regulated ETFs forBitcoin has stimulated investor sentiment and contributed to the strong performance of both BTC and ETH. Pro-XRP Lawyer Makes Bold Prediction Recently, Ripple (XRP) attorney John Deaton posed an intriguing question on Twitter to his 276,300 followers: “Can Bitcoin’s market cap someday reach half that of gold?” Following that, Deaton suggests that if this were to happen, the price of Bitcoin could surge to $300,000, almost 10 times its current value. Also, this question has sparked a lively debate among crypto enthusiasts, with discussions centering around Bitcoin’s potential growth and its ability to rival gold as a store of value. However, this surge in value marks one of the most robust weekly performances for Bitcoin and Ethereum since March, further solidifying the positive sentiment surrounding the market. The recent surge in prices and the bullish market sentiment for BTC and ETH indicate growing confidence among market participants. Recommended for you Bitcoin (BTC) Price Prediction 2023
 
PEPE experienced a remarkable surge of over 63% last week. Trading volumes of PEPE had reached over $800 million. PEPE’s future liquidations contributed to a significant price spike. Last week in the crypto market was a roller coaster ride. It began with Bitcoin surging over $30,000 and ended with anticipation for altseason. The intrevention of Bitcoin ETFs played a significant role in this surge, impacting the price of BTC and the overall market. Amidst fluctuations in various altcoins, one cryptocurrency stood out: Pepe. According to Coinmarketcap, the frog-themed token experienced an impressive surge of over 63% last week, with trading volumes reaching a significant milestone of $800 million. This surge can be attributed to a risk-on environment, where investors increasingly place bets on riskier assets like altcoins and meme coins. PEPE 7D Price Chart, Source: CoinMarketCap Is PEPE Set to Sustain the Hype? The Pepe community had an exciting week as the gains surpassed those of other popular meme tokens, even in the face of ecosystem upgrades introduced by some of these tokens. This indicates a strong buying interest in Pepecoin. Additionally, futures contracts linked to PEPE saw substantial liquidations, second only to Bitcoin (BTC) and Ether (ETH) futures. This suggests that the settling of short positions may also have contributed to the price spike and magnified gains. However, despite the positive end to the week, PEPE has faced a sluggish start this week. Currently priced at $0.000001528, it has experienced a decline of 5.81%. This raises the question of whether it can sustain the hype and demonstrate resilience in the market. In perpetual futures tied to PEPE, funding rates remain negative. It indicates a prevailing dominance of bearish positions in the derivatives market. This further underscores the skepticism surrounding the frog coin. While market volatility is common, particularly in the case of Pepe, its future trajectory remains highly unpredictable. As market conditions improve and investor confidence returns, analysts project a maximum price of $0.000003, suggesting potential growth and stability. Related Reading : Pepe (PEPE) Price Prediction 2023
 
The immersive exhibition includes user-generated tokens minted on the Tezos blockchain LONDON–(BUSINESS WIRE)–Third World: The Bottom Dimension, an exhibition and video game that deploys tokenized memories minted on the Tezos blockchain, opened today at Serpentine and will run through October 22, 2023. Brazilian artist Gabriel Massan conceptualized the project in collaboration with interdisciplinary artists Castiel Vitorino Brasileiro, Novíssimo Edgar, Jota Mombaça, Ventura Profana, and vocalist and music producer LYZZA. Third World expands Massan’s practice of ‘fictional archaeology,’ by investigating the converging landscapes and post-colonial complexities of contemporary Brazil. The exhibition is the latest project in the multi-year partnership between the Tezos Foundation and Serpentine. The partnership celebrates the efforts of the Serpentine Art Technologies Team to develop experimental artist-led blockchain projects while educating the public, and the Tezos ecosystem’s commitment to innovation and creativity in the arts and culture sector. The partnership will continue to expand on the possibilities provided by blockchain technology for artistic creation, community engagement, collaborations, patronage, and innovation. The Third World: The Bottom Dimension game is a fantastical simulation that investigates the converging landscapes and post-colonial complexities of contemporary Brazil and beyond. The project explores the concept of ‘game-as-platform’ and the role of a public arts institution in nurturing a constellation of diverse perspectives. Its web3 elements further emphasize the importance of artistic, cross-media collaboration as an essential movement in contemporary art and creative exchange – allowing visitors to create, collect and own their collaborative experiences in the game in a sustainable way. The Tezos community’s commitment to this collaborative innovation made it a perfect choice for Serpentine, the artist, and their collaborators. “I want to create the experience of walking through possibilities and memories of life and narrative–a work that people can walk inside,” Gabriel Massan said. “The project is a meta-simulation about warped perspectives and an exercise in terms.” Each level or “episode” in the game is conceptualized by a featured artist in collaboration with Massan, contributing themes central to their practices to build on the Third World lore. Each episode invites players to navigate different geographies, challenges, and objectives. While navigating disorienting virtual environments, players will encounter new lifeforms, languages, and ways of knowing while thinking about ideas of transformation and discovery. Third World features participatory web3 tokens powered by Tezos. Players can record “memories” of their actions as they play the game and mint their experience on Tezos, thereby creating a public archive of Third World experiences and weaving a tapestry of audience participation. In addition, a limited-edition collection will bring together Massan, their collaborators, and a wider community of artists to the Tezos blockchain. “Massan’s Third World exhibition is an elegant demonstration of how art and gaming can merge in decentralized platforms like the Tezos blockchain to provide an expanded field for artistic creation and unique, immersive experiences for users,” Mason Edwards, Chief Commercial Officer of the Tezos Foundation, said. “We’re excited to support Serpentine in bringing this powerful in-person experience to the community, to support Gabriel Massan and their collaborators in bringing their artistic vision to life, and for the community to permanently leave their mark on Tezos.” Bettina Korek, CEO and Hans Ulrich Obrist, Artistic Director added: “Third World: The Bottom Dimension, is a dynamic commission powered by Tezos that brings pioneering digital artist Gabriel Massan and their collaborators to the forefront of gaming and cultural communities. Massan’s project not only demonstrates an iterative process in terms of our relationship with the artist – supporting the development of concept, game, then exhibition, but also how work like this can exist and engage across fields, building new connections between artists and society.” The exhibition is available to view in person at Serpentine, and the Third World is available to play at home as a PC download on Stream. About Gabriel Massan Gabriel Massan (b. 1996, Brazil) is a multidisciplinary digital artist. Combining storytelling and world-building techniques, Massan creates digital worlds and sculptures that alternatively simulate and narrate situations of inequality within the Black-Indigenous Latin American experience. Working across 3D animation, digital sculpting and painting, single-player games, NFTs, and virtual and augmented reality experiences, the artist investigates notions of strangeness and ignorance in how the ‘Third World’ is imagined. Gabriel was a 2019 resident at the ETOPIA – Centre for Art & Technology, invited artist of the 2020 “IMS Convida” at the Instituto Moreira Salles (IMS), Circa x Dazed ‘Class of 2021’ Selected Artist, contributor of the “Rotten TV “online research platform supported by “The British Council Digital Collaboration Fund,” 2022 The Photographers’ Gallery “Open Space“ Commission artist and 2022 X Museum’s “X Art District (XAD) Selected Artist. Recent exhibitions include: ‘WORLDBUILDING: Gaming and Art in the Digital Age’ (Julia Stoschek Collection: Dusseldorf, 2022); ‘Canon!’ (Frieze No.9 Cork Street, 2022) and ‘Possible Agreements’ (Mendes Wood DM, 2022). Tezos Tezos is a pioneering Proof of Stake blockchain, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com Serpentine Arts Technologies The project is curated and produced by Serpentine Arts Technologies led by Tamar Clarke-Brown (Curator, Commissions), Kay Watson (Head of Arts Technologies) and Róisín McVeigh (Associate Producer), with Eva Jaeger (Curator), Victoria Ivanova (Strategic Lead) and Alex Boyes (Producer), with the exhibition alongside Sarah Hamed (Assistant Exhibitions Curator) and Halime Özdemir (Production Manager). The programme proposes critical and interdisciplinary perspectives on advanced technologies through artistic interventions, challenging and reshaping the role that technologies can play in culture and society. The foundation of Serpentine Arts Technologies’ programme is in an evolving R&D Platform that nurtures innovation for future art ecologies by securing a crucial institutional space for pragmatic interventions and necessary risk-taking at the intersection of art, science and technology. This is achieved through dedicated research labs (Blockchain Lab , Creative AI Lab , Legal Lab, Synthetic Ecologies Lab ), orientation and knowledge-sharing with the wider sector through Future Art Ecosystems, and co-facilitation of a national Creative R&D Working Group. Creating new connections between artists and society, Serpentine presents pioneering contemporary art exhibitions and cultural events with a legacy that stretches back over half a century, from a wide range of emerging practitioners to the most internationally recognised artists, writers, scientists, thinkers, and cultural thought leaders of our time. Based in London’s Kensington Gardens, across two sites, Serpentine North and Serpentine South, Serpentine features a year-round, free programme of exhibitions, architectural showcases, education, live events and technological activations, in the park and beyond the gallery walls. Contacts Randall Woods, SVP SBS Comms [email protected]
 
Amazon recently introduced Bedrock, an AI tool that is similar to ChatGPT. It is also planning to introduce an AI-powered “search” feature for its e-commerce. Amazon Web Services (AWS) is spending $100 million on a solution to compete with Microsoft and Google in the field of generative AI. Supposedly, the planned AWS Generative AI Innovation Centre would serve as a conduit between Amazon’s AI and machine learning specialists and customers who want to develop cutting-edge software. Generative AI is the use of algorithms to generate original media including music, software, art, writing, simulations, and videos. Highspot, Twilio, Ryanair, and Lonely Planet are among the companies Amazon has named as early users of the innovation center. Despite rising competition in the cloud infrastructure industry, the firm plans to increase cloud service sales with the help of its new center. AI-powered Search Feature Enterprise expenditure on cloud solutions hit $63 billion globally in the first quarter of 2023, up 20% from the same quarter the previous year, according to a new survey comparing the largest cloud services providers conducted by Synergy Research Group. Microsoft and Google’s year-over-year growth rates were the highest, with 23% and 10%, respectively, of the global market share. Amazon, the industry frontrunner, maintained its 32% Q1 market share. Amazon recently introduced Bedrock, an AI tool that enables users to construct their own ChatGPT-like models, as part of its aim to compete with large tech firms. Titan, which will be released soon, will have two new core models created by Amazon ML. Recent job postings on LinkedIn for AI developers suggest that Amazon is also planning to introduce an AI-powered “search” feature for their e-commerce website, perhaps using a user experience similar to ChatGPT. Highlighted Crypto News Today: ChatGPT and Hedera Integration Simplifies Managing Assets
 
The recent announcement by the SEC has caused a sharp drop in emerging ecosystems’ prices. Solana and Polygon’s market capitalization plummeted by nearly 25%. Binance and Coinbase, the leading cryptocurrency exchanges, are facing increased regulatory pressure as the US Securities and Exchange Commission (SEC) cracks down on them. Just recently, the SEC filed a lawsuit against these global cryptocurrency giants. SEC’s filings against Binance and Coinbase shake emerging ecosystem tokens SOL and MATIC. Market capitalization of SOL and MATIC plummets by approximately 25% as a consequence. As reported by DeFiLlama, Solana’s total value locked (TVL) stood at $253.26 million on June 26th, while Polygon‘s TVL is $944.15 million. Accusations have been made against Binance and Coinbase, claiming that they operated as securities exchanges without proper registration with the SEC, thus violating legal requirements. Binance has faced additional charges, including the diversion of customer funds to an unrelated business. The SEC has filed a lawsuit claiming that Solana, Polygon, and several other cryptocurrencies should be classified as securities. Notably, these coins, which include both established players and emerging gaming-centric projects, have significant market capitalizations in the multi-billion dollar range. CoinMarketCap reports that, as of now, SOL is at $16.94, with a trading volume of $249,339,490 in the past hour. During the last 24 hours, SOL has seen a decline of 1.90% in its trading value. And also, MATIC is priced at $0.6623, with a 24-hour trading volume of $249,452,661. Over the past 24 hours, MATIC has shown a decrease of 1.56% in its trading value. Highlighted Crypto News Today Binance.US Strikes Back Against SEC: Allegations of Dishonesty
 
Taxation of cryptocurrencies is still one of the grayest areas of law in many nations. Unrealized profits from tokens issued by corporations themselves would no longer be taxed. The Japanese National Tax Agency is relaxing its position on taxing crypto assets for companies operating in Japan. To make it simpler for cryptocurrency-related businesses to operate in Japan. The tax administration has reportedly announced that unrealized profits from cryptocurrencies produced by corporations themselves would no longer be taxed. Taxation is still one of the grayest areas of law in many nations. The establishment of favorable crypto tax regulations accounts for one of the elements that draw high-growth enterprises to a country. Especially, given the likelihood of a high ROI connected to cryptocurrencies. Eyes Becoming Crypto Global Hub Moreover, many Japanese businesses have found that the present regulation of taxing unrealized profits at the end of the tax year applies to their holdings of cryptocurrency. According to reports, it has also been forbidden for a Japanese company to use the market value of its self-issued digital currency in its market valuation. As things stand, the token’s price will not be considered. Thus, allowing businesses to avoid the burden of having to factor in the market value of their native tokens when determining their own worth. Tax responsibilities put on crypto firms is mandatory even in nations without clear laws controlling the embryonic ecosystem. Also, it is worth remembering that Japan has been giving the crypto tax policy some thought for some time. And that the country’s current policy flexibility in regard to the crypto ecosystem has the potential to make it a global leader in the crypto sector. Similar lucrative policies are being implemented by countries that aim to become the global crypto hub, bringing in huge investments. Highlighted Crypto News Today: Bitcoin (BTC) Could Hit $300,000, Claims Prominent XRP Lawyer
 
Bullish AGIX price prediction for 2023 is $0.26748 to $0.37306. SingularityNET (AGIX) price might reach $0.4 soon. Bearish AGIX price prediction for 2023 is$0.14290. In this SingularityNET (AGIX) price prediction 2023, we will analyze the price patterns of AGIX by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. SingularityNET (AGIX) Current Market Status Current Price $0.2404 24 – Hour Trading Volume $27,836,962 24 – Hour Price Change 3.18% Down Circulating Supply 1,222,631,811 All – Time High $1.86 (on Jan 20, 2018) AGIX Current Market Status (Source: CoinMarketCap) What is SingularityNET (AGIX)? SingularityNET is the first decentralized AI market that is built on top of the Cardano blockchain. SingularityNET is a project that is focused on linking the blockchain world to the world of Artificial Intelligence or AI. The functioning of SingularityNET is not only that of a blockchain, but it also brings together various elements of a project with the aim of developing a blockchain network that supports the development of Artificial Intelligence services. AGIX is SingularityNET native token. It was developed to monetize and mobilize value by making use of and providing AI services. This is possible due to its globally accessible AI marketplace. SingularityNET (AGIX) Price Prediction 2023 SingularityNET (AGIX) ranks 105th on CoinMarketCap in terms of its market capitalization. The overview of the SingularityNET price prediction for 2023 is explained below with a daily time frame. AGIX/USDT Descending Channel Pattern (Source: TradingView) In the above chart, SingularityNET (AGIX) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts. At the time of analysis, the price of SingularityNET (AGIX) was recorded at $0.2449. If the pattern trend continues, then the price of AGIX might reach the resistance levels of $0.32087, $0.44267, and $0.57830. If the trend reverses, then the price of AGIX may fall to the support of 0.18348. SingularityNET (AGIX) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of SingularityNET (AGIX) in 2023. AGIX/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of SingularityNET (AGIX) for 2023. Resistance Level 1 $0.26748 Resistance Level 2 $0.37306 Support Level 1 $0.18775 Support Level 2 $0.14290 AGIX Resistance & Support Level As per the above analysis, if SingularityNET’s (AGIX) bulls take the lead, then it might hit and break through its resistance level of $0.37306. Conversely, if SingularityNET’s (AGIX) bears dominate the trend, the price of AGIX might plunge to $0.14290. SingularityNET (AGIX) 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 SingularityNET (AGIX) are shown in the chart below. AGIX/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 SingularityNET (AGIX) 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 AGIX price lies below 50 MA (short-term), indicating its downtrend. Hence, AGIX 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 support 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 AGIX is at 51.65. Therefore, this indicates AGIX is in neither overbought nor oversold state. Also, this confirms that AGIX sends out a buy signal. SingularityNET (AGIX) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of SingularityNET (AGIX) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). AGIX/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 AGIX lies in the range of 31.36 pointing out a strong 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 AGIX lies above 50, indicating high volatility. Comparison of AGIX with BTC, ETH Let us now compare the price movements of SingularityNET (AGIX) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs AGIX Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of AGIX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of AGIX also increases or decreases respectively. SingularityNET (AGIX) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let uspredict the price of SingularityNET (AGIX) between 2024 and 2030. SingularityNET (AGIX) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then SingularityNET (AGIX) might successfully test and surpass its resistance levels to hit $1.5 by 2024. SingularityNET (AGIX) Price Prediction 2025 The significant upgrades in the SingularityNET ecosystem might persuade the entry of an increased number of investors. This may eventually boost the SingularityNET (AGIX) price to reach $1.7 by 2025. SingularityNET (AGIX) Price Prediction 2026 If SingularityNET (AGIX) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $2.2. SingularityNET (AGIX) Price Prediction 2027 If SingularityNET (AGIX) sustains major resistance levels and stands as a better investment option in the market, then AGIX would rally to hit $2.6. SingularityNET (AGIX) Price Prediction 2028 If SingularityNET (AGIX) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then AGIX would hit $3.3 by 2028. SingularityNET (AGIX) Price Prediction 2029 If investors flock in and continue to place their bets on SingularityNET (AGIX), then the crypto would witness major spikes. Hence, AGIX might hit $3.7 by 2029. SingularityNET (AGIX) Price Prediction 2030 By 2030, the AGIX price might rally to $4 if the trend momentum aligns in favor of SingularityNET. Furthermore, AGIX would hold a positive market sentiment and be labeled as a long-term investment with a highly profitable ROI. Conclusion If SingularityNET (AGIX) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish SingularityNET (AGIX) price prediction for 2023 is $0.37306. Comparatively, the bearish SingularityNET (AGIX) price prediction for 2023 is $0.14290. If there is a positive elevation in the market momentum and investors’ sentiment, the SingularityNET (AGIX) might hit $0.4. Furthermore, with future upgrades and advancements in the SingularityNET ecosystem, AGIX might surpass its current all-time high (ATH) of $1.86 and mark its new ATH. FAQ 1. What is SingularityNET (AGIX)? SingularityNET is the first decentralized AI market that is built on top of the Cardano blockchain. 2. Where can you buy SingularityNET (AGIX)? Traders can trade SingularityNET (AGIX) on the following cryptocurrency exchanges such as Binance, Bitrue, Bybit, LBank, and Bitget. 3. Will SingularityNET (AGIX) record a new ATH soon? With the ongoing developments and upgrades within the SingularityNET platform, SingularityNET (AGIX) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of SingularityNET (AGIX)? SingularityNET (AGIX) hit its current all-time high (ATH) of $1.86 on January 20, 2018. 5. What is the lowest price of SingularityNET (AGIX)? According to CoinMarketCap, AGIX hit its all-time low (ATL) of $0.007497 on March 13, 2020. 6. Will SingularityNET (AGIX) hit $0.4? If SingularityNET (AGIX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be the SingularityNET (AGIX) price by 2024? SingularityNET (AGIX) price might reach $1.5 by 2024. 8. What will be the SingularityNET (AGIX) price by 2025? SingularityNET (AGIX) price might reach $1.7 by 2025. 9. What will be the SingularityNET (AGIX) price by 2026? SingularityNET (AGIX) price might reach $2.2 by 2026. 10. What will be the SingularityNET (AGIX) price by 2027? SingularityNET (AGIX) price might reach $2.6 by 2027. Top Crypto Predictions Ethereum (ETH) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023 Bitcoin (BTC) 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.
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