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The firm has been granted registration as a custodial wallet provider by the U.K. FCA. Earlier in August, Komainu received a complete functioning license from VARA in Dubai. British regulators have given their stamp of approval to Komainu, a cryptocurrency custody service founded by crypto investment firm CoinShares, hardware wallet manufacturer Ledger, and Japanese investment bank Nomura. On October 6th, the firm stated that it has been granted registration as a custodial wallet provider by the U.K. Financial Conduct Authority (FCA) in accordance with the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations, 2017. Komainu CEO Nicolas Bertrand stated: Strategic Expansion Komainu is now able to provide crypto custody services, such as collateral management services through the Komainu Connect platform, in the United Kingdom thanks to its registration with the Financial Conduct Authority to hold digital assets as custody. Sebastian Widmann, Komainu’s head of strategy stated: Earlier in August, Komainu received a complete functioning license from the Virtual Asset Regulatory Authority (VARA) in Dubai. Jersey’s Financial Services Commission is also responsible for regulating the crypto custody platform, as it is located in the region. Komainu has recently collaborated extensively with U.K. authorities, as was previously reported. Komainu said early in 2021 that it had reached a deal with local authorities to safely archive digital assets confiscated during investigations. Highlighted Crypto News Today: Voyager Digital Co-Founder Faces CFTC Scrutiny Over Law Violations
 
A crypto analyst has presented a 39-month analysis that could determine when the XRP price will rally to a new all-time high. The analysis marks a return of this trend, which could see XRP rise as high as $1,000. The 39-Month Cycle Pseudonymous crypto analyst NeverWishing on TradingView has presented a rather convincing 39-month cycle trend that often ends with the XRP price seeing a significant rise. The last time this trend was completed was back in mid-2020 just before the 2020/2021 bull market began. When this trend was marked three years ago, it ended with the XRP price rallying from $0.17 in June to $2 in April 2021. Since then, another 39-month cycle began counting and once again, it has reached the point where a surge usually occurs. In the chart presented by NeverWishing, the expected price jump this time around will be less like the 2020-2021 trend and more like the 2017-2018 jump. In 2017 when the 39-month cycle jump took place, XRP went from $0.005 to $3.3 at its peak, meaning a 66,000% jump in price. However, the analyst expects even more explosive growth with the XRP price going from around $0.53 to $1,000 by the time the rally is complete. This means a more than 188,000% rise from the current price levels. When Will The XRP Price Reach $1,000? The previous 39-month cycle jumps outlined by the crypto analyst both hit their peak a little less than a year later. The 2017-2018 rally was 11 months and the 2020-2021 rally was 10 months, so it is expected that it will stick close to this timeframe this time around. NeverWishing’s chart shows the rally starting in November and hitting $2 in the next four months. From then on, there are multiple important price levels outlined including $16 by the end of April 2024 and $118 by June 2024. Then for the grand prize of $1,000, the crypto analyst sets a target date for December 2024, around 13 months from the rally’s start. So if this prediction does come to pass, the XRP price could be trading between $869-$1,000 in a little over a year. The 39-month cycle trend looks similar to the four-year Bitcoin cycle. However, unlike Bitcoin whose four-year cycle is characterized by the infamous halving event, the XRP 39-month cycle does not have a significant event. Instead, it looks to just follow work mainly on a timeframe basis. Nevertheless, some recent developments could lend credence to a bull rally such as Ripple’s multiple wins over the US Securities and Exchange Commission (SEC) just this year alone. Additionally, Ripple has been expanding its footprint globally as it looks to take a big chunk of the payments sector for itself.
 
KoinBX, India’s most trusted and fastest growing exchange, takes a lead in the crypto ecosystem. The exchange has not only solidified its position as the most trusted crypto platform but has also ascended into the coveted top 100 crypto exchanges list on CoinMarketCap, a testament to its relentless pursuit of excellence in the crypto space. Over the past four years, KoinBX has undergone a remarkable transformation, evolving from a promising startup into a globally recognized cryptocurrency exchange. This journey has been characterized by an unwavering commitment to security, transparency, and user-centricity, distinguishing KoinBX from its peers in the ever-evolving crypto landscape. With a user base exceeding 1.5 million individuals and a robust portfolio of over 120 listed cryptocurrencies. This significant growth reflects the trust and confidence that the crypto community has placed in KoinBX as its go-to platform for trading and investing in India. KoinBX team is actively partnering with various communities to boost crypto adoption, and ensure a secure ecosystem. Exciting new developments are in the pipeline, poised to elevate the user experience and expand the most trusted and fastest growing crypto exchange’s global footprint. About KoinBX KoinBX is India’s most trusted and fastest growing cryptocurrency exchange, committed to empowering individuals to explore, invest, and prosper in the digital asset realm. Renowned for its steadfast commitment to transparency, user-centricity, and a profound passion for blockchain technology, KoinBX has emerged as the preferred platform for cryptocurrency trading for global users.
 
Over the past week, Bitcoin price has displayed a notable bullish momentum. This comes after a prolonged consolidation phase during which the leading cryptocurrency remained stagnant below the $27,000 mark for an entire month. However, with the recent breakout and the resurgence of bullish sentiment in the market, experts are now predicting a potential surge that could propel Bitcoin’s price above $30,000. Bitcoin Price Bullish Momentum Continues Technical analyst Gert Van Lagen highlights a significant breakout from a long-term descending channel, signifying the end of a corrective wave and paving the way for a parabolic surge in Wave 5. Gert Van Lagen emphasizes the monumental breakout of a 2.25-year descending channel, marking the end of an expanded flat corrective wave 4. The channel, determined by the green dots, has contained the ABC correction of wave 4. With wave five on the horizon, breaking 10% above the channel, around $30,000, is expected to trigger a parabolic surge. Notably, Gert believes that wave 5, a “blow-off wave,” may exhibit steep growth, with the final impulse indicating a significant upward movement. While the potential for further upside gains is promising, remaining aware of key considerations and potential invalidation points is crucial. In this context, paying attention to $13,800 would be essential, as the invalidation point lies when wave four falls below wave 1. Bitcoin-Gold Ratio Indicator Prominent figures in the crypto analytics industry, the co-founders of Glassnode, have expressed their belief in Bitcoin’s potential to reach six figures. Drawing attention to the BTC-Gold ratio, they suggest that Bitcoin could rise to approximately 98 times the price of Gold. The BTC-Gold ratio serves as a critical metric for understanding the relative performance and value of Bitcoin compared to Gold. Analyzing this ratio, the Glassnode analysts note several positive indicators suggesting a Bitcoin price surge. The rising RSI (Relative Strength Index) and its position above 50 indicate increasing buying pressure and positive momentum. Additionally, the bullish MACD (Moving Average Convergence Divergence) crossover and a rising trend reinforce the bullish sentiment surrounding Bitcoin. Using Fibonacci extensions provides further insight into potential price levels for Bitcoin. These extensions, derived from mathematical ratios, are often used to identify price targets during upward trends. Based on the analysis, the Fibonacci extensions suggest that Bitcoin could reach valuation levels around $120,000, while Gold maintains a price of around $1,200. The Glassnode co-founders’ analysis fuels optimism within the crypto community. Bitcoin’s potential for six-figure valuations could attract more investors and solidify its status as a digital store of value. The predicted surge in Bitcoin’s price would likely have a ripple effect, generating increased interest and investment in the broader cryptocurrency market. When writing, BTC is trading at $27,900, just below the significant psychological level of $28,000. This level currently represents a crucial threshold for bearish sentiment towards BTC. BTC must maintain support at the $27,000 level to sustain its bullish momentum. By surpassing the current resistance line at its current trading level, BTC can reclaim the $30,000 mark and set its sights on the annual high of $31,800. This upward movement could position the cryptocurrency to challenge the 1-year resistance level at $39,000, with the potential for consolidation above the $40,000 mark. Featured image from Shutterstock, chart from TradingView.com
 
In August, institutional interest in cryptocurrency increased in Canada as per reports. The CSA announced regulations on staking earlier in the month of July. With an emphasis on stablecoins, the Canadian Securities Administrators (CSA) has offered guidelines to exchanges and cryptocurrency issuers on its preliminary approach to what it refers to as value-referenced crypto assets. Canadian provincial and territorial securities authorities issued a clarification on the possible trading of cryptocurrencies that peg their value to a single fiat currency on October 5. The Canadian Securities Administrators (CSA) said in February that stablecoins “may constitute securities and/or derivatives,” making them illegal for trading on Canadian cryptocurrency exchanges. Setting Standards The CSA may permit stablecoin trading provided issuers keep sufficient reserves of assets with an approved custodian and stablecoin offering cryptocurrency exchanges publish “certain information related to governance, operations, and reserve of assets publicly available.” Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission stated: The CSA warned that even crypto assets backed by fiat currency that meet the requirements are still highly volatile. In August, it was reported that institutional interest in cryptocurrency has increased in Canada. This was as a result of the country’s more streamlined legal framework. The CSA announced regulations on staking in the month of July. Saying that although the practice was legal, there were restrictions on lending and the percentage of “illiquid” assets that may be held. Highlighted Crypto News Today: Cardano Witnesses Bullish Momentum; Further Surge Likely?
 
The CFTC is presently contemplating whether to take action against Ehrlich. While agency probes don’t often result in enforcement measures, this one may be an exception. Defunct Voyager Digital is at the center of the newest dispute. Stephen Ehrlich, Voyager Digital’s co-founder, has come under scrutiny after an inquiry by the Commodity Futures Trading Commission (CFTC). Most notably, a major US regulator has concluded that the co-founder of Voyager Digital Ltd. broke derivatives laws prior to the bankruptcy of the failing crypto lender, a year ago. According to a Bloomberg article quoting unnamed “people familiar with the matter,” the CFTC has closed its investigation of Voyager’s practices, including those of co-founder Stephen Ehrlich. Enforcement Measures Meanwhile, it has purportedly disclosed that CFTC investigators have advised initiating enforcement action against Ehrlich. The company’s compliance with derivatives legislation is called into question pending the official approval of these proposals. Notably, the CFTC is presently contemplating whether to take action against Ehrlich. This includes the possibility of imposing fines and non-criminal penalties. While agency probes don’t often result in enforcement measures, this one may be an exception. Ehrlich is being accused of wrongdoing because they believe Voyager Digital lied to them about the safety of their assets. After conducting an extensive examination of Voyager’s business practices, the CFTC’s enforcement section made the allegation that Ehrlich was involved in these alleged frauds. Voyager’s proposal to compensate clients was accepted by a bankruptcy court in May, and the case is still ongoing. The Commodity Futures Trading Commission (CFTC) currently has many proceedings pending against cryptocurrency businesses that might cause a stir in the U.S regulatory landscape. Highlighted Crypto News Today: Cardano Witnesses Bullish Momentum; Further Surge Likely?
 
Ethereum (ETH), a forerunner in the decentralized finance (DeFi) ecosystem, has seen a notable surge in its staking activities. This staking boom has raised eyebrows among experts from JPMorgan concerned over ETH’s increase in centralization and the consequences that may arise. Ethereum, aiming to transition to a proof-of-stake consensus mechanism, opened the floodgates for staking. This meant holders could ‘stake’ or lock their tokens to support network operations like block validation. However, while this promises rewards for the stakers, JPMorgan analysts have reported that there could be ripple effects. Ethereum Centralization Concerns Rise To The Surface JPMorgan analysts, led by Nikolaos Panigirtzoglou, highlight the inadvertent increase in Ethereum’s network centralization, particularly post the Merge and Shanghai upgrades. The Ethereum network became “more centralized as the overall staking yield declined,” they noted. According to the analysts, what’s leading to this centralization could be attributed to liquid staking providers. Lido, a notable player, has been pinpointed for its dominant role. The JPMorgan report noted: The analysts further disclosed while platforms such as Lido tote their decentralized nature, the underlying reality appears different. The analysts said these platforms “involve a high degree of centralization.” According to the analysts, the ramifications of such centralization can’t be understated. They mentioned that “a concentrated number of liquidity providers or node operators” might compromise the network’s integrity, leading to potential points of failure, attacks, or even conspiracy, resulting in an “oligopoly.” They further highlighted that such centralized entities could censor or exploit user transactions, undermining the community’s interests. The Rehypothecation Risk And Declining Rewards Another dimension to the staking story is the looming threat of ‘rehypothecation.’ In simple terms, it’s the act of leveraging staked assets as collateral across various DeFi platforms. According to the JPMorgan’s analysts: Furthermore, as Ethereum continues its journey on the staking path, the staking rewards seem to diminish. The report indicated a drop in total staking yield from 7.3% before the Shanghai upgrade to roughly 5.5% recently. Regardless, Ethereum has shown a slight upward trajectory of 1.5% in the past 24 hours, with a market price currently sitting at $1,643 and a market cap of approximately $9 billion, at the time of writing. Featured image from Unsplash, Chart from TradingView
 
Based on several factors, the latest Bitcoin news points to a potential bullish continuation in the long term. However, the short term remains uncertain; the cryptocurrency continues to trade in a tight range, although BTC has shown a spike in volatility. As of this writing, the Bitcoin price trades at $25,500 with a 2% loss in the last 24 hours. In the previous seven days, the cryptocurrency maintained some of its profits as most of the tokens in the top 10 by market cap traded in the red after experiencing a slight uptick. Bitcoin News: BTC At Risk Of Topping For Remaining Of The Year The bigger picture for Bitcoin leans to the upside with the approval of a BTC spot Exchange Traded Fund (ETF) in the US gaining momentum. However, analyst Rekt Capital believes current prices are similar to those in late 2019 and early 2020. As the chart below shows, at that time, the price of Bitcoin was trending to the upside in a tight triangle with a top at around $10,000. The cryptocurrency eventually broke about this resistance and entered uncharted territory. As the chart shows, this scenario has some obstacles for optimistic investors. Before the breakout, the price of Bitcoin revisited the lows and event wicked below critical support at $3,250. The analyst believes that BTC could display similar price action as it approaches the top of its current channel. In this scenario, which aligns with BTC’s pre-halving behavior, the cryptocurrency could re-visit the low of the trend. As a result, a return to $20,000 and even the $15,000 lows seems likely. The analyst stated: Still Hope For BTC Price Bulls As mentioned, this scenario could hint at short-term losses for BTC, but the analyst shared other Bitcoin news in a more positive tone. First, Rekt Capital believes that the next 6 months into the Bitcoin halving could provide the “last ever retrace” to the $20,000 lows. As the market approaches this event, the price of Bitcoin is more likely to trend upwards, with a “stronger” beat back to previous highs and potentially into uncharted territory. The analyst concluded: Cover image from Unsplash, chart from Tradingview
 
Global Perspectives: Data I/O’s CEO Discusses Critical Topics and Emerging Market Trends from Automotive Technologies to Semiconductor Growth Opportunities with Top Financial Experts REDMOND, Wash.–(BUSINESS WIRE)–Data I/O Corporation (NASDAQ:DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced the lineup for its 2023/2024 Fireside Chat Series with its President and CEO, Anthony Ambrose. Mr. Ambrose will be interviewed by respected investment community professionals, financial newsletter writers/influencers and business consultants on important and timely topics relating to the Company, its platform technologies and the global business environment. Data I/O 2023/2024 Fireside Chat Series Schedule: The series will include interviews from October 2023 through April 2024. In order of anticipated production and initial release, interviews will be made available by Data I/O and the respective session host as detailed below: Sustainability Strategies for the Auto Industry Guest Host: Lucas Doub of ZMH Advisors Automotive Technology Advancements & Monetization Impact Guest Host: Kevin Garrigan of WestPark Capital* AI Programming Security Requirement – with Special Guest Data I/O CTO Rajeev Gulati Guest Host: Vishal Mishra of Bard Associates** Semiconductor Programming Growth Opportunities Guest Host: David Williams of Benchmark Company Onshoring/Near Shoring Trends & China-Plus 1 Guest Host: Dave Marsh of Singular Research* Smart Factory Industrial Applications Guest Host: Avi Fisher of Long Cast Advisors** *Equity research analyst with coverage of Data I/O Corp. as of the date of this press release. **Owns shares of Data I/O Corp. as of the date of this press release. The interviews will be streamed for public viewing over the Internet and accessible upon publication through links made available in the Webcasts and Presentations section of the Data I/O Corporation website at www.dataio.com and on all of the Company’s social media feeds. The websites and online platforms of each of the fireside chat series event hosts will at their discretion carry the interviews on the respective date of publication. Guest Host Profiles Lucas Doub, ESG Consultant, ZMH Advisors Lucas Doub has 15+ years of experience working in consulting primarily for publicly traded companies. Prior to ZMH Advisors, a technology-based shareholder and ESG advisory firm, he led the Agency and Channel team for Nasdaq where he helped develop a strategy for all Nasdaq product lines and services to be represented inside strategic communication firms. He has also counseled on similar strategies with various investor relations and public relations firms. In the past 3+ years Doub has dedicated his career to ESG, CSR, & Impact Investing industry at ZMH. He has counseled publicly traded companies on their ESG Communication efforts, helped build Go-To-Market strategy for ESG advisory firms, and worked with a non-profit on corporate giving & relationships. Kevin Garrigan, Equity Research Analyst, WestPark Capital Kevin Garrigan is a Senior Research Analyst at full service investment bank and broker-dealer WestPark Capital covering automotive and semiconductors, as well as disruptive technology companies. He brings four years of sell-side experience to the firm, previously working at Rosenblatt Securities helping cover semiconductor & semiconductor test equipment sectors. Kevin began his career on the buy-side working for George McKelvey Co. Kevin holds a Bachelor’s degree in Economics and Psychology from James Madison University, and he currently holds series 7, 66, 86, and 87 registrations. Vishal Mishra, Investment Analyst, Bard Associates Vishal Mishra is an analyst with Bard Associates, a leading value-oriented middle market focused investment management firm, and the founder and Chief Investment Officer of Mishra Capital Partners, LLC. Mr. Mishra is an investor specializing in micro cap securities based in the U.S. As an avid admirer of Benjamin Graham and Warren Buffett, Vishal Mishra follows the core principles of value investing. He advises high net worth individuals and a partnership to preserve and grow wealth over the long term. He also is a member of the Micro Cap Club where he shares investment ideas. In addition, he contributes to other online investor sites. Mr. Mishra is the proud founder of a nonprofit called Project Punch Card which tries to promote underrepresented students within the Investment Management industry. David Williams, Equity Research Analyst, Benchmark Company David Williams is an Equity Research Analyst covering the Semiconductor industry with a focus on analog, power, components, distribution, and related disruptive technologies. Prior to joining Benchmark, David covered Semiconductors, Electronic Components and Distributors for Loop Capital Markets, and previously as a Senior Equity Research Analyst at Drexel Hamilton and Ascendiant Capital Markets. In 2013 and 2014 David was recognized by Thomson Reuters as a top Earnings Estimator. He holds a BBA from Angelo State University. Dave Marsh, Equity Research Analyst, Singular Research David Marsh, CFA is an accomplished corporate finance and capital markets professional with over 20 years of experience. With over 20 years of financial analysis experience, he primarily writes research on industrial technology companies for Singular Research, an independent research firm that offers equity research services to institutional investors. Avi Fisher, Portfolio Manager, Long Cast Advisors Avram (“Avi”) Fisher is Portfolio Manager, “Chief Curiosity Officer” and Principal of Long Cast Advisers, LLC, an RIA that makes concentrated investments in well-researched small cap securities. He is a former reporter and private investigator with over a dozen years as an institutional equity analyst at BMO Capital Markets and CSFB. Additional information is available at www.longcastadvisers.com. About Data I/O Corporation Since 1972, Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls and other electronics devices. Today, our customers use Data I/O’s data programming solutions and security deployment platform to secure the global electronics supply chain and protect IoT device intellectual property from point of inception to deployment in the field. OEMs of any size can program and securely provision devices from early samples all the way to high volume production prior to shipping semiconductor devices to a manufacturing line. Data I/O enables customers to reliably, securely, and cost-effectively bring innovative new products to life. These solutions are backed by a portfolio of patents and a global network of Data I/O support and service professionals, ensuring success for our customers. Learn more at dataio.com/Company/Patents. Forward Looking Statement & Disclaimers Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, expected expenses, orders, deliveries, backlog and financial positions, semiconductor chip shortages, supply chain expectations, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statement disclaimers also apply to the global COVID-19 pandemic, including the effects on the Company’s business from Shanghai’s COVID-19 lockdowns and recovery, impact on the demand for the Company’s products, and the Russian invasion of Ukraine including any related international trade restrictions. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, shipping availability, installations and acceptance, accrual of expenses, coronavirus related business interruptions, changes in economic conditions, part shortages and other risks including those described in the Company’s filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications. Participation in the Data I/O Fireside Chat Series is voluntary, and no compensation is provided to guest hosts. Reference made to guest hosts, including equity research analysts and investors, in connection with this announcement and related interviews or any opinions, estimates or forecasts regarding Data I/O’s performance made by them are theirs alone and do not represent opinions, forecasts or predictions of Data I/O or its management. Data I/O does not by its reference above or distribution of marketing content in connection with the Fireside Chat Series imply its endorsement of or concurrence with such information, conclusions or recommendations by the guest hosts. Contacts Data I/O Corporation Jennifer Higgins Director Corporate Marketing 425-867-6922 [email protected] Investor Relations Darrow Associates, Inc. Jordan Darrow 512-551-9296 [email protected]
 
The civil trial of the US Securities and Exchange Commission’s (SEC) case against Ripple and its top executives, Brad Garlinghouse and Chris Larsen, is set to commence on April 23, 2024. However, the Founder of Dizer Capital, Yasin Mobarak, believes that the SEC will withdraw its charges against Garlinghouse and Larsen before then. Why The SEC Will Drop Charges Against Ripple Founders In a tweet shared on his X (formerly Twitter) platform, Mobarak stated that the reason for his prediction is that it is not in the SEC’s interest to have “a trial where their corruption can be exposed.” He further stated that the Commission’s “agenda” is bigger than these two executives. Garlinghouse and Larsen were joined as co-defendants when the SEC filed a lawsuit against Ripple in December 2020. The Commission alleged that the executives structured and promoted the XRP sales to finance the company’s business. Additionally, it accused both individuals of effecting “personal unregistered sales of XRP totaling approximately $600 million.” Mobarak shares similar sentiments with pro-XRP legal expert Fred Rispoli, who stated that the SEC is unlikely to pursue a trial against them and outlined reasons for his assertion. One of the reasons he gave was that the SEC would not want a situation where its credibility is questioned, which he believes could happen if someone like the former SEC Director Bill Hinman was called to testify. The SEC filing a motion for an interlocutory appeal was considered by many as a means to prolong the trial unnecessarily, which Judge Analisa Torres had reasoned in her order. Following the denial of this appeal, Mobarak believes that the SEC will now move to end this case quickly so it can appeal to the Court of Appeals and “continue to sustain this cloud of uncertainty on the whole industry.” SEC Needs An Incentive To Do So In response to Mobarak’s tweet, another X user mentioned that it would be surprising if the SEC decided to drop the charges against Ripple’s executives “without some incentive from Ripple given to them.” Such an incentive would likely relate to the crypto firm agreeing to a form of settlement. This is something that Rispoli had suggested when he said that the SEC didn’t intend to maintain a suit against Garlinghouse and Larsen but simply wanted to pressure the company into a “weak settlement.” However, it is unlikely that Ripple is willing to reach any form of settlement with the Commission as Ripple’s President Monica Lang asserted that her company intends to see the case “all the way through.” Moreso, there is no reason why Ripple should be willing to settle, considering that they already scored two major victories against the SEC and seem to have the upper hand now. Ripple and its executives will also have it at the back of their mind that the crypto community is looking to this case for clarity, as any judgment will likely set a precedent for how the crypto industry should be regulated.
 
Chainlink (LINK) is trading at $7.60, still unable to escape the range between $5 and $8 it has spent over a year in. Its recent attempt at a rally, however, has triggered an important “parabolic”signal following a length, 28-month long downtrend. Chainlink Taps Parabolic SAR After 28-Month Downtrend Chainlink earned itself a reputation as a “blue chip” cryptocurrency during the last bear market. While Bitcoin, Ethereum, and other altcoins remained relatively bearish until the end of 2020, LINKUSD defied all odds and expectations by rising nearly 10,000% leading up to the same timeframe. From October 2020 when the rest of the crypto market broke out, Chainlink still did another 600% before reaching a peak at over $50 in May 2021. But since then, it has been almost all downhill and a lot of sideways. After that price peak, a rejection all the way down to $15 in the same month set the downtrend in motion. At that moment, it also tagged the Parabolic SAR, signaling that the uptrend had “stopped and reversed.” The cryptocurrency first spent 12 months in an aggressive downtrend, followed by over 16 months of painful sideways. In total, the coin lost 90% of its value from top to the current local bottom. But what’s next now that the Parabolic SAR has been touched once again? Is LINKUSD Ready For A 1,000% Rally? How About Three Of Them? The Parabolic SAR is a technical analysis indicator created by J. Welles Wilder, Jr., and is used to tell a trader when a trend as potentially “stopped and reversed.” It is commonly used in conjunction with Wilder’s other tools, such as the Relative Strength Index, and Average Directional Index. Much like the tool nailed the exact trend change at the top, it might once again be accurately signally a positive trend change after 28 months of downward Parabolic SAR movement. Previous uptrend according to the 1M LINKUSD Parabolic SAR were parabolic indeed. Across the three times where the Parabolic SAR flipped bullish, LINKUSD gained 1,000% each time. Another 1,000% rally would take Chainlink to over $80 per token. The last primary bull market in Chainlink produced not one, but three of these 1,000% rallies. A 3,000 uptrend could take the coin to over $230 each. Coincidentally, the LMACD is also crossing bullish for the first time in 28 months, adding plenty of confluence. With the Parabolic SAR now below price, will the cryptocurrency go on another parabolic uptrend? This chart initially appeared in Issue #22 of CoinChartist (VIP) alongside 30 other exclusive crypto charts. Subscribe for free.
 
On-chain data shows that mid to large Bitcoin holders have purchased almost $2 billion in the asset during the past six weeks. Bitcoin Holders With 1 To 10,000 BTC Have Neared All-Time High Holdings According to data from the on-chain analytics firm Santiment, the mid to large-sized BTC addresses have added 71,555 BTC to their holdings recently. The relevant indicator here is the “BTC Supply Distribution,” which keeps track of the total amount of Bitcoin that each holder group in the market is holding right now. The investors or addresses are divided into these cohorts based on the total number of tokens that they are currently carrying. The 1-10 coins group, for instance, includes all holders who own at least 1 and at most 10 BTC. If the Supply Distribution is applied to this specific cohort, it would tell us about the total amount of the asset that the addresses on the network fulfilling this condition are currently holding as a whole. In the context of the current discussion, the mid and large-sized investors in the market are of interest. Typically, these are the addresses ranging between 1 and 10,000 BTC. Here is a chart that shows the trend in the combined Bitcoin Supply Distribution for all the cohorts falling inside this particular coin range over the past few months: This wallet range covers a variety of groups, with the two most notable being the sharks and whales. The sharks are generally the entities with 100-1,000 BTC, while the whales are those with 1,000-10,000 BTC. Both of these cohorts carry some power in the sector, because of the sheer size of their holdings. The whales, however, carry significantly more influence than the sharks, a natural consequence of their balances being much larger. The rest of the investors inside this range (those with 1-100 BTC) are considered mid-sized holders, who may not be relevant individually, but as a whole, they can have a notable presence in the market. From the graph, it’s visible that the combined holdings of all these groups have been heading up recently, implying that buying has been taking place. During the past six weeks alone, these investors have purchased a total of 71,155 BTC, which is equivalent to about $1.97 billion at the current exchange rate. With this latest accumulation spree, the total holdings of these Bitcoin investors have hit about 15.2 million BTC, which is the largest amount that they have held since January 2022. Not just that, their current holdings are also just 90,000 BTC shy from their all-time high back in November 2021, where they owned about 15.29 million tokens of the asset. As is visible from the chart, the indicator has observed some particularly sharp growth during the past week or so, suggesting that these holders believe the current prices are worth buying at. BTC Price Bitcoin hasn’t moved much since its pullback a few days ago as its price is still trading around the $27,700 mark.
 
The ESMA has published a lengthy document requesting feedback on 5 aspects of MiCA. By June 30th, 2024, the regulator will have published a final report based on feedback. On October 5, the EU’s markets regulator, the European Securities and Markets Authority (ESMA), issued a second consultation paper on mandates for the Markets in Crypto-Assets (MiCA). The ESMA has published a lengthy document (307 pages) in which it requests feedback on five aspects of MiCA. The Authority tracks quantitative measurements related to energy consumption, greenhouse gas emissions, and waste production, and a qualitative statement related to the effect of equipment used by blockchain network nodes on earth’s resources. Stringent Compliance Protocols Moreover, the European Securities and Markets Authority (ESMA) recommends mandating CASPs record trading and publishing date and time, crypto asset identity, price information, amount, venue of execution, and transaction ID to increase post-trade transparency. CASPs should be allowed to keep transaction data in “the format they consider most appropriate,” as proposed by the European Securities and Markets Authority (ESMA), so long as they are able to transform the data into a defined format upon request from regulatory bodies. By June 30th, 2024, the regulator will have published a final report based on comments received and submitted its technical standards to the European Commission. However, a third consultation package will be released in the first quarter of 2024. In July, the ESMA published the prior consultation document. The European Securities and Markets Authority (ESMA) presented a plan in which crypto firms subject to MiCA registration would be required to provide additional data in the form of notifications to the NCAs of the country in which they would be registered. Highlighted Crypto News Today: Toncoin surges 9%. What Should Investors Do?
 
LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”), has reached an impressive milestone of $46 million in Bitcoin mining revenue since the inception of its mining endeavors. Notably, Sentinum mined 139 Bitcoins in the month of September 2023 alone. Ault Alliance has consistently believed in the transformative power of Bitcoin and blockchain technology. This steadfast commitment to Bitcoin mining has proven fruitful, as today’s results clearly showcase. The Company is pleased with Sentinum’s operations and remains firmly convinced of Bitcoin’s status as a robust, future-ready currency, also highlighting its potency as a hedge against inflation and the declining value of the dollar. William B. Horne, Chief Executive Officer of Ault Alliance, remarked, “Today’s numbers are a testament to the dedication and relentless effort of the Sentinum team. The experience we have gained developing and operating data centers, mining Bitcoin and providing hosting services further solidifies our commitment to disruptive technologies such as blockchain and artificial intelligence.” Ault Alliance is in process of enlarging its footprint in the realm of data centers to support high performance computing with bespoke solutions. This expansion is expected to be executed via the development of the Company’s planned data center projects in Montana and Texas, in addition to augmenting its existing facility in Michigan. 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 www.Ault.com or at 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 offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, 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 www.sec.gov and on the Company’s website at www.Ault.com. Contacts Ault Alliance Investor Contact [email protected] or 1-888-753-2235
 
At the time of writing, ADA is trading at $0.2646, up 1.83% in the last 24 hours. The price recently breached the $0.2640 resistance level and will likely test $0.2700. Cardano co-founder Charles Hoskinson has dispelled certain myths and clarified some worries about the Hydra project. Hoskinson made a concerted attempt to clarify and transparently dispel claims of dishonesty over the throughput capacity of Hydra in a recording released on Wednesday. In order to improve Cardano’s scalability, the protocol, which went live on mainnet back in May, implements a novel method to transaction processing. The fact that Cardano’s Total Value Locked (TVL) has increased by a whopping 220% since the beginning of the year is also encouraging. This rise in TVL may be attributed to the growing popularity and trust in the Cardano blockchain. Optimistic Outlook Earlier, Cardano (ADA) has had a tumultuous time on the crypto market, and its price recovery had met with some serious resistance. With the recent rally, Cardano’s ADA token shows no signs of slowing down on its upward trend. As per ranking from CMC, ADA stands at eight position for biggest cryptocurrency by market cap. Source: CoinMarketCap At the time of writing, ADA is trading at $0.2646, up 1.83% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 12.23%. The previous recent rally faced strong resistance at $0.2690 on October 2. The price retraced back all the way till $0.2550 support level, before starting to rise again. Moreover, the price recently breached $0.2640 resistance level and will likely test $0.2700 area. If bulls could drive price above this level then a strong rally is on the cards. On the other hand, if the price breaks below $0.2550 support level then it will likely test the $0.24 support area.
 
Bullish ICP price prediction for 2023 is $3.585 to $4.538. Internet Computer (ICP) price might reach $5 soon. Bearish (ICP) price prediction for 2023 is $2.157. In Internet Computer (ICP) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ICP to analyze the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Internet Computer (ICP) Current Market Status What is Internet Computer (ICP)? Internet Computer (ICP) 24H Technicals INTERNET COMPUTER (ICP) PRICE PREDICTION 2023 Internet Computer (ICP) Support and Resistance Levels Internet Computer (ICP) Price Prediction 2023 — RVOL, MA & RSI Internet Computer (ICP) Price Prediction 2023 — ADX, RVI Comparison of ICP with BTC, ETH INTERNET COMPUTER (ICP) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Internet Computer (ICP) Current Market Status Current Price $3.08 24 – Hour Price Change 1.17% Down 24 – Hour Trading Volume $12,950,973 Market Cap $1,374,294,102 Circulating Supply 445,576,595 ICP All – Time High $750.73 (On May 11, 2021) All – Time Low – BONE Current Market Status (Source: CoinMarketCap) What is Internet Computer (ICP) TICKER ICP BLOCKCHAIN Internet Computer CATEGORY Metaverse LAUNCHED ON May 2021 UTILITIES Governance, security, gas fees & rewards Internet Computer (ICP) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. ICP was launched during its ICO in 2018. Hedera network’s mainnet went live in 2019. Hedera network serves majorly as a distributed file service. Rather than being built on any blockchain, the Hedera network is built on the hashgraph model that is secured by the proof-of-stake (PoS) consensus mechanism. It uses a patented algorithm that makes it a non-forkable network. The transactions on Hedera are faster and occur at low costs. The hashgraph distributed ledger is secure and immutable as Hedera deploys asynchronous byzantine fault tolerance (aBFT). Internet Computer 24H Technicals (Source: TradingView) Internet Computer (ICP) Price Prediction 2023 Internet Computer (ICP) ranks 33rd on CoinMarketCap in terms of its market capitalization. The overview of the Internet Computer price prediction for 2023 is explained below with a daily time frame. ICP/USDT Falling Wedge Pattern (Source: TradingView) In the above chart, Internet Computer (ICP) laid out falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges. The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action. At the time of analysis, the price of Internet Computer (ICP) was recorded at $3.11. If the pattern trend continues, then the price of ICP might reach the resistance levels of $3.351 and $4.168. If the trend reverses, then the price of ICP may fall to the support of $2.843. Internet Computer (ICP) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Internet Computer (ICP) in 2023. ICP /USDT Support and Resistance Levels (Source: Tradingview) From the above chart, we can analyze and identify the following as resistance and support levels of Internet Computer (ICP) for 2023. Resistance Level 1 $3.585 Resistance Level 2 $4.538 Support Level 1 $2.835 Support Level 2 $2.157 ICP Resistance & Support Levels Internet Computer (ICP) 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 Internet Computer (ICP) are shown in the chart below. ICP /USDT RVOL, MA, RSI (Source: Tradingview) From the readings on the chart above, we can make the following inferences regarding the current Internet Computer (ICP) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $3.227Price = $3.147 (50MA > Price) Bearish(Downtrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 50.86 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume Internet Computer (ICP) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Internet Computer (ICP) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). ICP /USDT ADX, RVI (Source: Tradingview) From the readings on the chart above, we can make the following inferences regarding the price momentum of Internet Computer (ICP). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 18.882 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 61.33 <50 = Low >50 = High High Volatility Comparison of ICP with BTC, ETH Let us now compare the price movements of Internet Computer (ICP) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs ICP Price Comparison (Source: Tradingview) From the above chart, we can interpret that the price action of ICP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ICP also increases or decreases respectively. Internet Computer (ICP) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Internet Computer (ICP) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Internet Computer (ICP) Price Prediction 2024 $6 $4 Internet Computer (ICP) Price Prediction 2025 $7 $3 Internet Computer (ICP) Price Prediction 2026 $8 $3 Internet Computer (ICP) Price Prediction 2027 $9 $2 Internet Computer (ICP) Price Prediction 2028 $10 $1 Internet Computer (ICP) Price Prediction 2029 $13 $0.7 Internet Computer (ICP) Price Prediction 2030 $15 $0.5 Conclusion If Internet Computer (ICP) establishes itself as a good investment in 2023, this year would be favorable to cryptocurrency. In conclusion, the bullish Internet Computer (ICP) price prediction for 2023 is $4.538. Comparatively, if unfavorable sentiment is triggered, the bearish Internet Computer (ICP) price prediction for 2023 is $2.157. If the market momentum and investors’ sentiment positively elevates, then Internet Computer (ICP) might hit $5. Furthermore, with future upgrades and advancements in the Internet Computer ecosystem, ICP might surpass its current all-time high (ATH) of $750.73 and mark its new ATH. FAQ 1. What is Internet Computer (ICP) ? Internet Computer (ICP) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. 2. Where can you buy a Internet Computer (ICP) ? Traders can trade Internet Computer (ICP) on the following cryptocurrency exchanges such as Binance, WEEX, OKX, Bybit, and DigiFinex. 3. Will Internet Computer (ICP) record a new ATH soon? With the ongoing developments and upgrades within the Internet Computer platform, Internet Computer (ICP) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Internet Computer (ICP) ? Internet Computer (ICP) hit its current all-time high (ATH) of $750.73 on May 11, 2021. 5. Will Internet Computer (ICP) hit $5? If Internet Computer (ICP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon. 6. What will be the Internet Computer (ICP) price by 2024? Internet Computer (ICP) price might reach $6 by 2024. 7. What will be the Internet Computer (ICP) price by 2025? Internet Computer (ICP) price might reach $7 by 2025. 8. What will be the Internet Computer (ICP) price by 2026? Internet Computer (ICP) price might reach $8 by 2026. 9. What will be the Internet Computer (ICP) price by 2027? Internet Computer (ICP) price might reach $9 by 2027. Top Crypto Predictions Cardano (ADA) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Fetch.ai (FET) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
 
A new XRP price prediction from notable crypto analyst, EGRAG CRYPTO, has investors buzzing. Based on a multi-timeframe analysis, Egrag believes XRP is showing considerable strength, hinting at a potential surge to $1.4. The analyst elucidated his predictions in a tweet, stating, “XRP Color Code To $1.4 – UPDATE: Trying to showcase the sheer strength and achievements of XRP from multiple time frames: Weekly, 3D, 1D, and 4H.” XRP Price Analysis: 1-Week Chart Delving into the Weekly Chart, Egrag finds an evident optimistic momentum. XRP is on the brink of achieving a notable milestone: sealing a full-body candle beyond the Fib 0.618 retracement level at $0.5119. Egrag notes that the imminent week’s closure and the definitive form of the candle would serve as a robust affirmation of this trend. Egrag’s meticulous breakdown pinpoints vital landmarks for the XRP price trajectory in the 1-week chart. The wicking range is demarcated between $0.3875 and $0.4719. Any downward breach below $0.3875 might disrupt the broader chart setup. Meanwhile, the ranging region, where XRP could oscillate without clear directional momentum (and which XRP is currently leaving), is situated between $0.4719 and $0.5119. Eclipsing the $0.5119 boundary in the weekly timeframe propels XRP into a bullish domain, leading up to $0.5738 — in sync with the 50% Fibonacci retracement echelon. The crypto analyst postulates that the breach of this pivotal price level could catalyze a sweeping XRP rally. Venturing past the 50% Fibonacci zone might result in a landscape with scant resistance, potentially allowing XRP to shatter its annual peak at $0.9310. Concluding his extensive analysis, Egrag envisages an audacious endgame: a staggering 250% rally, propelling XRP towards the 1,618 Fibonacci extension at $1.4695. Shorter Time Frames Switching focus to the 3-day chart, XRP displays a body candle close above the Fibonacci 0.618 retracement level, indicating its presence in the bullish zone. Yet, the current shape of the candle is a neutral Harami style, leaving room for interpretation and lacking a decisive forward direction. This particular formation, rooted in the Japanese term for “pregnant,” represents a potential inflection point in the price movement. Yet, its neutrality necessitates waiting for more concrete signals. Egrag emphasizes that the impending candle, closing today, might shed light on pivotal insights. In the 1-day Chart, the narrative is more assertive. XRP has successfully wrapped up seven consecutive daily candles beyond the Fib 0.618 benchmark in the green area. This trend, as Egrag postulates, radiates a palpable bullish aura. But he also advises vigilance for a potential retest of the lower boundary of the bullish green area, which could solidify this foundation. Lastly, when inspecting the 4-hour chart, a discernible double-top pattern emerges. With XRP exhibiting resistance to surpass the $0.55 mark, there is heightened anticipation of a possible double bottom near $0.50. This movement could pave the way for an assault on the Fib 1.618 zone, around $0.576. The crypto analyst forecasts this as a precursor to a bullish continuation. At press time, XRP traded at $0.52073. The 1-hour chart shows $0.5264 as the current key resistance and $0.5197 as the key support.
 
A Shiba Inu whale recently transferred a whopping $33 million in SHIB tokens off a crypto exchange into an unknown wallet. According to on-chain data from Whale Alerts, over 4.58 trillion Shiba Inu tokens worth $33.13 million have made their way into a private wallet from the crypto exchange Bitvavo. Details Of The Whale Transfer Shiba Inu’s ecosystem is home to many whale investors, and transactions among these whales are not uncommon. Over the past few months, there have been huge transfers of SHIB from various whale addresses. This latest SHIB whale transfer was first spotted by Whale Alerts, a platform that tracks major cryptocurrency transactions. According to on-chain data, the transaction was made from the address “0xfd55” into a new private address “0xB96C”. The recipient wallet “0xB96C” now holds a total of over 4.58 trillion SHIB, worth more than $33 million at the time of writing. 4,584,530,677,374 #SHIB (33,132,403 USD) transferred from #Bitvavo to unknown wallethttps://t.co/HrCbR3oavs — Whale Alert (@whale_alert) October 5, 2023 There’s no way to know what the whale plans to do with their huge SHIB holding, but large transfers like this tend to breed speculations from investors. When SHIB is withdrawn from exchanges, it reduces the selling pressure. This reduces the available supply of SHIB for sale, putting upward pressure on the price. While whale movements tend to reveal the current market sentiment, a single transfer cannot necessarily move the entire market. As a result, Shiba Inu’s price hasn’t reacted much to the transfer, although it has lost 0.32% of its market cap in the past 24 hours. Future Outlook For Shiba Inu Shiba Inu and its community have had to endure a few ups and downs around the launch of the layer-2 network Shibarium. Before its launch, Shiba Inu witnessed massive whale withdrawals from exchanges which increased buying pressure and the price of SHIB. While SHIB tokens are being removed from some crypto exchanges, others are simultaneously finding themselves on other exchanges. Recently, 425 billion SHIB tokens worth $3.2 million made their way into Coinbase as part of a potential selloff. Also, SHIB tokens in wallets linked to Ryoshi, Shiba Inu’s anonymous founder, were recently caught on the move. Although Shiba Inu witnessed a price increase at the beginning of the week, it has since lost most of these gains. Nevertheless, Shiba Inu currently maintains a market cap of $4.24 billion, so its price didn’t respond all that strongly to this shift. At the time of writing, SHIB is trading at $0.000007196. Data points to an upcoming rally with a price surge of over 400%.
 
Bullish FET price prediction for 2023 is $0.2961 to $0.4959. Fetch.ai (FET) price might reach $1 soon. Bearish FET price prediction for 2023 is $0.1024. In this Fetch.ai (FET) price prediction for 2023, 2024-2030, we will analyze the price patterns of FET by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Fetch.ai (FET) Current Market Status What is Fetch.ai (FET)? Fetch.ai (FET) 24H Technicals FETCH.AI (FET) PRICE PREDICTION 2023 Fetch.ai (FET) Support and Resistance Levels Fetch.ai (FET) Price Prediction 2023 — RVOL, MA, and RSI Fetch.ai (FET) Price Prediction 2023 — ADX, RVI Comparison of FET with BTC, ETH FETCH.AI (FET) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Fetch.ai (FET) Current Market Status Current Price $0.2205 24 – Hour Price Change 0.83% Up 24 – Hour Trading Volume $11,476,525 Market Cap $179,160,117 Circulating Supply 812,340,562 FET All – Time High $1.19 (On Sep 08, 2021) All – Time Low $0.01735 $0.00827 (On Mar 13, 2020) ADA Current Market Status (Source: CoinMarketCap) What is Fetch.ai (FET) TICKER FET BLOCKCHAIN Ethereum CATEGORY ERC20 Token LAUNCHED ON March 2019 UTILITIES Governance, Fast Transactions, gas fees & rewards Fetch.ai is a platform that connects devices and algorithms in the Internet of Things (IoT) so that they can learn together. Based on high-throughput sharded ledger, FET provides smart contract functions, realizes machine learning and artificial intelligence solutions, and realizes decentralized problem solving. These open source tools are designed to help users build ecosystem infrastructure and deploy business models. Fetch.ai 24H Technicals (Source: TradingView) Fetch.ai (FET) Price Prediction 2023 Fetch.ai (FET) ranks 139th on CoinMarketCap in terms of its market capitalization. The overview of the Fetch.ai price prediction for 2023 is explained below with a daily time frame. FET/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Fetch.ai (FET) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines. At the time of analysis, the price of Fetch.ai (FET) was recorded at $0.2188. If the pattern trend continues, then the price of FET might reach the resistance levels of $0.2739, and $0.4328. If the trend reverses, then the price of FET may fall to the support of $0.1736. Fetch.ai (FET) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Fetch.ai (FET) in 2023. FET/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Fetch.ai (FET) for 2023. Resistance Level 1 $0.2961 Resistance Level 2 $0.4959 Support Level 1 $0.1746 Support Level 2 $0.1024 FET Resistance & Support Levels Fetch.ai (FET) 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 Bitcoin (FET) are shown in the chart below. FET/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Fetch.ai (FET) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.2260 Price = $0.2191 (50MA>Price) Bearish / Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 46.80 <30 = Oversold 50-70 = Neutral >70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Fetch.ai (FET) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Fetch.ai (FET) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). FET/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Fetch.ai (FET). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 11.1316 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 57.01 <50 = Low >50 = High High volatility Comparison of FET with BTC, ETH Let us now compare the price movements of Fetch.ai (FET) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs FET Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of FET is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FET also increases or decreases respectively. Fetch.ai (FET) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Fetch.ai (FET) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Fetch.ai (FET) Price Prediction 2024 $2 $0.13 Fetch.ai (FET) Price Prediction 2025 $3 $0.2 Fetch.ai (FET) Price Prediction 2026 $4 $0.36 Fetch.ai (FET) Price Prediction 2027 $5 $0.45 Fetch.ai (FET) Price Prediction 2028 $6 $0.5 Fetch.ai (FET) Price Prediction 2029 $7 $0.67 Fetch.ai (FET) Price Prediction 2030 $8 $0.8 Conclusion If Fetch.ai (FET) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Fetch.ai (FET) price prediction for 2023 is $0.4959. Comparatively, if unfavorable sentiment is triggered, the bearish Fetch.ai (FET) price prediction for 2023 is $0.1024. If the market momentum and investors’ sentiment positively elevates, then Fetch.ai (FET) might hit $1. Furthermore, with future upgrades and advancements in the Fetch.ai ecosystem, FET might surpass its current all-time high (ATH) of $1.19 and mark its new ATH. FAQ 1. What is Fetch.ai (FET)? Fetch.ai open, permissionless, decentralized machine learning network with a crypto currency is being built by the AI lab. 2. Where can you buy Fetch.ai (FET)? Traders can trade Fetch.ai (FET) on the following cryptocurrency exchanges such as Binance, Bybit, Bitrue, BitMart, and LBank, and so on. 3. Will Fetch.ai (FET) record a new ATH soon? With the ongoing developments and upgrades within the Fetch.ai platform, Fetch.ai (FET) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Fetch.ai (FET)? Fetch.ai (FET) hit its current all-time high (ATH) of $1.19 on September 08, 2021. 5. What is the lowest price of Fetch.ai (FET)? According to CoinMarketCap, FET hit its all-time low (ATL) of $0.00827 on March 13, 2020. 6. Will Fetch.ai (FET) hit $1? If Fetch.ai (FET) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be the Fetch.ai (FET) price by 2024? Fetch.ai (FET) price might reach $2 by 2024. 8. What will be the Fetch.ai (FET) price by 2025? Fetch.ai (FET) price might reach $3 by 2025. 9. What will be the Fetch.ai (FET) price by 2026? Fetch.ai (FET) price might reach $4 by 2026. 10. What will be the Fetch.ai (FET) price by 2027? Fetch.ai (FET) price might reach $5 by 2027. Top Crypto Predictions Cardano (ADA) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Bone Shibaswap (BONE) 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.
 
Dogecoin (DOGE) finds itself at a critical juncture. The $0.06 support level, a longstanding stronghold for buyers since early June, now faces increasing selling pressure that could potentially send DOGE sinking below this key level. Support and resistance zones, like the $0.06 mark, are pivotal in assessing the direction of price movements in the crypto world, as they often dictate the market sentiment. In recent months, DOGE has weathered a bearish trend, but this vital support level has managed to hold firm and mitigate the extent of the downtrend. Nevertheless, multiple retests of the support zone have raised concerns about DOGE’s weakening structure, signaling an opportunity for bears to capitalize on the situation. Dogecoin Price And Technical Indicators As of the latest data from CoinGecko, DOGE is currently trading at $0.061140, showing a modest 0.4% gain over the last 24 hours but a 1.2% dip over the past seven days. Two technical indicators, the On Balance Volume (OBV) and the Relative Strength Index (RSI), provide further insight into the market’s dynamics. The OBV, which had been on an uptrend in October, has recently exhibited a drop in trading volume. This decline suggests that selling pressure has intensified in the past few hours, causing concern among investors. The RSI, another crucial indicator, has dipped below the neutral 50 level, reaffirming the presence of selling pressure. These developments put DOGE at a pivotal crossroads, with both short-term bullish and bearish scenarios in play. According to a price report, if buyers can successfully defend the $0.06 support level, DOGE could see a short-term target range of $0.064 to $0.067. However, if sellers manage to breach this critical support, their near-term target becomes $0.055, potentially deepening the bearish sentiment. Market Volatility Vs. Derivatives Trading In addition to the price fluctuations, the Dogecoin market has been marked by considerable volatility lately. Yet, despite the turbulence, new derivatives traders have remained conspicuously absent. DOGE’s futures Open Interest (OI) has been hovering in the $232 million to $222 million range for the past week. Typically, rising open interest indicates an influx of new capital into the market, which often solidifies prevailing trends. However, the current trend suggests trader indifference, possibly due to the uncertainty surrounding DOGE’s immediate future. Traders should closely monitor whether the current key support can withstand the pressure, and the OBV and RSI indicators provide essential insights into the evolving market dynamics. The next few days will be crucial in determining whether DOGE can regain its bullish momentum or succumb to further bearish pressure. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Tuttnauer
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