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New Model Ranks #1 on Hugging Face Leaderboard for Open Access LLMs Model with 180 Billion Parameters is Trained on 3.5 Trillion Tokens, with 4 times the Compute Resources of Meta’s LLaMA 2 Falcon 180B is Open Access for Researchers and Commercial Users ABU DHABI, United Arab of Emirates–(BUSINESS WIRE)–The Technology Innovation Institute (TII) in the United Arab Emirates (UAE) is pushing the boundaries of generative AI once again with the launch of Falcon 180B, an advanced iteration of its flagship large language model (LLM). This groundbreaking release strengthens the UAE’s dominance in AI, offering Falcon 180B as an open access model for research and commercial purposes. Following the remarkable success of Falcon 40B, an open source AI model that swiftly ascended to the top of the Hugging Face Leaderboard for LLMs in May 2023, TII, the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC) continues to lead the charge in generative AI. Falcon 40B marked one of the first instances of open source models for both researchers and commercial users, and it was considered a pioneering leap in the field. H.E. Faisal Al Bannai, Secretary General of the Advanced Technology Research Council, emphasized the positive impact of Falcon on the AI landscape and said: “We envision a future where the transformative power of AI is within everyone’s reach. We are committed to democratizing access to advanced AI, as our privacy and the potential impact of AI on humanity should not be controlled by a select few. While we may not have all the answers, our resolve remains unwavering: to collaborate and contribute to the open source community, ensuring that the benefits of AI are shared by all.” With a staggering 180 billion parameters and trained on 3.5 trillion tokens, Falcon 180B soars to the top of the Hugging Face Leaderboard for pretrained LLMs. It outperforms notable competitors like Meta’s LLaMA 2 in various benchmarks, including reasoning, coding, proficiency, and knowledge tests. Among the best closed source LLMs, Falcon 180B ranks just behind OpenAI’s latest GPT 4 and is on par with the performance of Google’s PaLM 2 Large, the model powering Bard – despite being half the size of the model. The licensing framework for the model is established on ‘Falcon 180B TII License’, which is based upon Apache 2.0. Dr. Ebtesam Almazrouei, Executive Director and Acting Chief Researcher of the AI Cross-Center Unit at TII, said: “The launch of Falcon 180B exemplifies our dedication to advancing the frontiers of AI, and we are thrilled to share its limitless potential with the world. Falcon 180B heralds a new era of generative AI, where the potential of scientific advancement is made available through open access to fuel the innovations of tomorrow. As we delve into frontiers of science and technology, our vision extends far beyond innovation; it’s about nurturing a profound connection to address global challenges through collaborative breakthroughs.” With over 12 million developers adopting and deploying the first release of Falcon, this significant upgrade is poised to become the premier model for various domains, from chatbots to code generation, and beyond. Falcon 180B is compatible with the following major languages: English, German, Spanish, and French, with limited capabilities in Italian, Portuguese, Polish, Dutch, Romanian, Czech, and Swedish. For more information, please visit FalconLLM.tii.ae Source: AETOSWire Contacts Jennifer Dewan, Senior Director of Communications [email protected].
 
HAMILTON, Bermuda–(BUSINESS WIRE)–The fifth annual Bermuda Tech Summit, presented by the Bermuda Business Development Agency (BDA), will kick off with a keynote conversation between The Hon. E. David Burt, JP, MP, Premier of Bermuda, and Sandra Ro, CEO, Global Blockchain Business Council. The Bermuda Tech Summit, held from October 8-10 at the Hamilton Princess & Beach Club, is the signature event of Bermuda Tech Week, being held across multiple locations from October 7-13. David Hart, BDA CEO, said, “We are so excited that Premier Burt and Sandra Ro are kicking off our fifth annual Bermuda Tech Summit. Due to the legal and regulatory certainty we provide, Bermuda continues to attract some of the world’s most notable tech companies to our shores, increasing direct investment and creating exciting new career paths for Bermudians.” The keynote conversation will be followed by panel entitled ‘Bermuda Monetary Authority: Navigating Tomorrow’s Regulatory Horizons,’ moderated by Stuart Lacey, Independent Director, BDA, featuring panelists George Alayon, Deputy Director, Supervision (Insurance), BMA; Eric Donkoh, Head of Data Science and Artificial Intelligence, BMA; and Christos Efthymiopoulos, Assistant Director, Supervision (Digital Assets), BMA. The BMA panel will be followed by ‘Setting the Standard – Bermuda’s Journey to Becoming Climate Tech Central,’ moderated by Stan Stalnaker, Founding Director and Chief Strategy Officer, Hub Culture, featuring Natraj Nukala, Head of Climate, Kshema; Kevin Richards, Managing Director, Bermuda Asset Management; Hugo Rodriguez Bautista, Global Product Risk Manager, Bloomberg; and Darren Wolfberg, Co-Founder, Blockchain Triangle. This year’s agenda highlights Bermuda’s world-leading digital asset framework, showcases our ongoing work to establish blue and green investment facilities, and raises awareness of Bermuda’s innovation sandbox and option to beta test CleanTech solutions. Other panels will include: ‘The Transformative Power of Artificial Intelligence,’ ‘FinTech’s New Wave (Buy, Build or Modernise),’ and ‘Insuring Continuity – Safeguarding the Future of Digital Assets.’ Additional topics will include data privacy, carbon credit trading platforms, and pioneering digital assets. The promotion of all these burgeoning industries aligns with the ‘Business Attraction and Investment Promotion’ strategic priority outlined in Bermuda’s Economic Development Strategy. In addition to cutting-edge content, we are pleased to offer delegates C-suite networking opportunities during our opening reception on Sunday night and Wrap Party Tuesday night sponsored by RELM. Click here to see the full agenda and event description. Click here to register. Delegates travelling from overseas are strongly encouraged to book their hotel rooms with our special rates through to September 8. From September 9, hotel room rates will increase significantly, or may be completely sold out, due to limited availability. “The BDA simply could not put on our signature events without the generous support of our sponsors,” Mr. Hart said. “We are just so pleased to have Carey Olsen and RELM as diamond sponsors; Appleby, CCS Group Limited and XBTO as platinum sponsors; Hub Culture, KPMG, and One Communications as gold sponsors; Chainproof, Clarien, Paradise Mobile, and Walkers as silver sponsors; and Coinbase as supporting sponsor.” Our spirits partner is Gosling’s. If you are interested in sponsoring the Bermuda Tech Summit, click here or email [email protected]. CONNECTING BUSINESS The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions. Contacts Stuart Roberts, Director of Marketing & Communications [email protected] | +1 441 292 7774
 
PERP, the native token of Perpetual Protocol, is one of the top-performing assets, looking at price action in the past 48 hours. As of September 6, the token is changing hands at $0.78, adding roughly 90% from August 2023 highs. Amid this stellar performance, reports reveal that the Perpetual Protocol Foundation has transferred 903,000 PERP worth approximately $691,000 to Binance, the world’s largest cryptocurrency exchange by trading volumes and client count. PERP Ripping Higher After Dumping In Q2 2023 According to Lookonchain, a blockchain analytic platform, the wallet associated with the foundation has been regularly moving tokens to Binance in the past few months, starting from March. At that time, PERP was trading at a relatively higher price, at around $1, looking at trackers like CoinMarketCap. Since then, however, the token has been on a downtrend. To illustrate, after peaking at about $1.22 in early March, PERP tanked by over 65% to $0.38 in June. A marginal increase from July before prices contracted to around $0.40 in August, bouncing to spot rates in the past few trading sessions. Looking at the PERP/USDT candlestick arrangement in the daily chart, buyers have the upper hand after a clear double bottom was printed following gains in early September. Whether the uptrend will continue and PERP has effectively bottomed after a rough few months is yet to be seen. What’s clear is that buyers appear to be in control, and PERP is trading at April 2023 levels, peeling back losses of the past four months. Perpetual Protocol TVL Remains Depressed, Will The Foundation Sell? Perpetual Protocol is a popular decentralized finance (DeFi) protocol allowing users to trade crypto perpetual futures with leverage trustlessly. Perpetuals are complex derivatives products with no expiry dates. Perpetual Protocol also supports concentrated liquidity, a feature first introduced in Uniswap v3. Moreover, it allows leverage of up to 10X. Through this exchange, DeFi users have an alternative to Binance or Coinbase, both centralized options. By September 6, the exchange’s total value locked (TVL) was steady at around $12 million, down from $18 million in late July 2023. Of note, PERP is rallying without any sharp increment in TVL, as DefiLlama data shows. Typically, outflow from a non-custodial wallet to a centralized exchange is interpreted as bearish in crypto circles. So far, trackers reveal that the Perpetual Protocol Foundation has 7 million PERP in Binance worth over $4.62 million. It is also not clear whether they plan to sell.
 
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio is nearing a retest that could be crucial for the asset. Bitcoin MVRV Ratio Is Nearing In On The 1.2 Level As an analyst in a CryptoQuant Quicktake post explained, the 1.2 level of the MVRV ratio has historically been a support line for the cryptocurrency. The “MVRV ratio” is an indicator that measures the ratio between the Bitcoin market cap and the realized cap. The “realized cap” here refers to a capitalization model for BTC that assumes the real value of each coin in circulation isn’t the current spot price but rather the price at which the coin was last bought/transacted on the blockchain. As the realized cap considers the cost basis or acquisition price of each investor in the market, the model essentially represents the total capital that the holders have put into the asset. Thus, comparing the market cap against the realized cap in the MVRV ratio can provide hints about whether the investors are holding more or less value than they put in. When the ratio’s value is greater than 1, it means that the market as a whole is sitting on some profits right now. Generally, the higher the MVRV goes above this mark, the more probable corrections become for the asset as investors look to harvest their gains. On the contrary, the indicator below this mark can signal that BTC may be underpriced right now, as the average holder in the sector carries coins at a loss. Now, here is a chart that shows the trend in the Bitcoin MVRV ratio over the last few years: As is visible in the above graph, the Bitcoin MVRV ratio has been above the 1 mark during the past few months. The metric broke above this line in January when the rally started. Besides a retest in March, the indicator has remained above this level since then, implying that the holders have enjoyed profits. The 1 level has been important historically for the asset. Still, the quant notes that another value is notable: 1.2. This line has supported the asset a few times in the past, as the analyst has highlighted in the chart (the yellow boxes). Most recently, Bitcoin found support at this level in June, where the cryptocurrency could propel itself back up with a sharp rally. The metric is heading down and again approaching a retest of this line, as its current value is 1.27. Naturally, a successful retest could be positive news for Bitcoin, but a failure might lead to an extended drawdown for the asset’s price. BTC Price As the chart below shows, Bitcoin has continued to consolidate recently, with the asset’s price still trading around the $25,700 level.
 
Zug, Switzerland, September 6th, 2023, Chainwire The Open Network Foundation (TON Foundation), the non-profit association supporting the growth of The Open Network (TON), announces its official launch as a Swiss non-profit organization. Switzerland is known for its rich history of technological innovations across multiple industries, including its clear and precise legal framework surrounding blockchain and cryptocurrency. The country’s regulatory clarity is vital to the long-term planning, strategy, and execution of TON Foundation’s mission in supporting the TON ecosystem. The launch of TON Foundation’s Swiss organization coincides with a series of upcoming initiatives, including a carefully planned series of enterprise partnerships and integrations to incentivize developer acquisition, user participation, and network growth. By Q4 of 2023, a publicly available roadmap on the newly launched www.ton.foundation website will guide the Foundation’s endeavors to educate the public, empower development, and exercise ecosystem expansion on TON. With the launch, the Foundation commits to providing detailed transparency reports that comprehensively outline the tokenomics of Toncoin and the historical distribution of tokens. These reports will offer insights into token issuance, partnership allocation, development, community incentives, and the breakdown of assets used for operational expenses and ecosystem growth. As part of its ongoing commitment to openness and clarity, TON Foundation will host an annual event entitled Gateway to proactively listen to and engage with the TON community directly. We invite our community and partners to join us in person at Gateway to engage in productive discussions and collaborative initiatives across privacy, ownership, finance, gaming, collectibles, and tons more. About TON Foundation The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland committed to supporting The Open Network (TON). TON Foundation is 100% funded by the community and acts for the community to achieve TON’s mission. For more information visit TON Foundation’s: Official Website | Linkedin | Twitter | Telegram About The Open Network (TON) The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON allows billions to own their digital identity, data, and assets. See more at https://ton.org/ Contact TON Foundation [email protected]
 
Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. The project launches with filmmaker David S. Goyer as an advisor. SAN FRANCISCO–(BUSINESS WIRE)–Insert after eighth paragraph of release: “As a co-lead investor in Story Protocol’s earliest funding round, I was highly impressed by the caliber of the leadership team and their ability to execute at the intersection of mainstream IPs and web3,” said Simon Kim, CEO and Managing Partner at Hashed. “Just as Git revolutionized software development, Story Protocol is transforming the development of creative IP and enabling contribution at scale with clear ownership attribution.” The updated release reads: STORY PROTOCOL LAUNCHES WITH OVER $54M IN FUNDING LED BY ANDREESSEN HOROWITZ Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. The project launches with filmmaker David S. Goyer as an advisor. Story Protocol, an open infrastructure designed to power a new era of creativity and intellectual property (IP) ownership, has raised over $54 million in funding led by a16z crypto. Story Protocol is creating a new IP protocol optimized for the internet era. The project aims to democratize IP creation through a global and extensible IP repository. Story Protocol provides a streamlined framework to manage the entire lifecycle of IP development, enabling features like provenance tracking, frictionless licensing and revenue sharing. Made for creators across all media – prose, images, gaming, audio and more – applications built on Story Protocol give writers and artists the ability to track their work’s provenance, allowing anyone to contribute and remix while capturing the value of their contributions. “In a world of total abundance catalyzed by generative AI, blockchain technology presents the perfect solution for transparent provenance tracking and fair attribution,” said SY (Seung Yoon) Lee, Co-Founder of Story Protocol. “Story Protocol will usher in a new era of entrepreneurial creators and provide existing IP holders an entirely new way to engage audiences and advance their IP.” The project aims to attract a rich ecosystem of third-party developers providing services encompassing crowdfunding, capital formation, IP discovery, licensing modules, authentication for AI content, and community growth. Story Protocol presents an open and modular architecture that any application can plug into and its decentralized nature removes platform risk for ecosystem builders. “Web3 has the promise to help solve some of the longest-standing problems in the media and entertainment industries,” said Sriram Krishnan, General Partner at a16z crypto. “We believe that Story Protocol has the opportunity to revolutionize the future of IP for artists, fans, and developers by empowering creativity at the speed of the internet.” Funding includes participation from Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, David Bonderman (Founder & Chairman of TPG Capital), Si-hyuk Bang (Founder & Chairman of HYBE/BTS), Paris Hilton’s 11:11 Media, CH Kim (CEO of Krafton/PUBG), Kyung In Jung (CEO of Black Label), Wattpad Co-founder Allen and Eva Lau’s Two Small Fish Ventures, Alliance DAO, Foresight Ventures, Mirana Ventures, Balaji Srinivasan, Nicolas Berggruen, Charlie Songhurst, David Lee (SLVC), Sanghun Kim (Former CEO of Naver), Chang Kim (Founder of Tapas) and Roham Gharegozlou (Founder & CEO of Dapper Labs), among others. “Artists and fans are integral to any successful IP franchise, and Story Protocol will power platforms that allow them to participate in the creative process,” said Ben Enowitz, SVP, Corporate Development & Talent Ventures at Endeavor. “Technology cannot replace authentic, human creativity – but it can bring communities together to unlock the full potential of existing and new IP. We’re excited to support Story Protocol in expanding the ways IP is created and shared with the world.” In addition to the fundraising, Story Protocol welcomes David Goyer as an advisor. Goyer is a filmmaker and novelist best known as the screenwriter for the “Blade” trilogy (1998-2004) and “The Dark Knight” trilogy (2005-2012) and as the showrunner for the television series “Foundation” (2021) among others. He also has a proven track record of exploring new storytelling mediums such as gaming via Call of Duty and VR with Vader Immortal: A Star Wars VR Series. “As a co-lead investor in Story Protocol’s earliest funding round, I was highly impressed by the caliber of the leadership team and their ability to execute at the intersection of mainstream IPs and web3,” said Simon Kim, CEO and Managing Partner at Hashed. “Just as Git revolutionized software development, Story Protocol is transforming the development of creative IP and enabling contribution at scale with clear ownership attribution.” “I envision a future where creators will wield greater control over their IPs, extend their influence on a global scale, and cultivate direct connections with their community,” said David S. Goyer, filmmaker and advisor to Story Protocol. “Story Protocol marks a new era for the entertainment industry and the start of a new ownership model for creators and fans.” Story Protocol’s founding leadership team features a powerful mix of a serial entrepreneur and seasoned operators with diverse backgrounds in entertainment, web3, and artificial intelligence (AI). Co-founder Seung Yoon (S.Y.) Lee previously founded the mobile serial fiction platform Radish. Co-founder Jason Levy led content at Episode, a breakthrough storytelling ecosystem. Co-founder Jason Zhao served as a product lead at Google’s Deepmind, translating cutting-edge AI research into customer-facing applications. Weilei Yu led growth for Flow blockchain at Dapper Labs, helping bootstrap a multi-billion dollar ecosystem from inception and onboarding thousands of developers. Leo Chen was the founding VP of Engineering at Harmony Protocol and previously served as Tech Lead at Amazon and built the first hardware-assisted storage virtualization engine. Ben Sternberg most recently served as CFO of Radish Media and previously co-founded and exited Fexy Media to IAC. Susan Park served as a design lead at Google where she spearheaded Google’s first web3 patent filings and is a leading art education influencer as @thatsprettyneat on Tiktok and Instagram. For more information about Story Protocol visit: https://www.storyprotocol.xyz/ To access the media kit, please click here. About Story Protocol Story Protocol was founded by a team of serial entrepreneurs and experienced operators with a diverse background in consumer tech, generative AI (Deepmind), and Web3 infrastructure (Flow and Harmony). Backed by top investors like a16z crypto, Endeavor, Samsung Next, and Hashed, Story Protocol is building the infrastructure layer to power a new era of open and collaborative IP. Story Protocol’s mission is to grow the creativity of the internet era. Contacts Press Inquiries: [email protected]
 
Ethereum Whales poured in around $425 million to purchase 260,000 ETH. ETH’s market cap has fallen below $200B as a result of price declines over the last week. Ethereum price has declined over the last week as the market struggles with persistent macroeconomic uncertainties and prolonged delays in the approval of spot ETFs. According to on-chain data, whales are quite active during this severe market downturn. Ali Martinez, a prominent crypto researcher, recently shared that in only 24 hours, Ethereum Whales poured in $425 million to purchase 260,000 ETH. This occurs after significant ETH whale movement was reported a day earlier. On Monday, 300,000 ether were transferred between two “whale” addresses on Coinbase. Further Decline Likely? Despite Ethereum’s fall over the last week, the cryptocurrency has now been trading at around the $1630 mark. According to CMC statistics, ETH’s market cap has fallen below $200 billion as a result of price declines over the last week. The price of ETH declined all the way till $1612 yesterday. However, bulls were able to quickly outnumber bears offering a ray of optimism. There has been heavy selling pressure on ETH as of late, but $1600 is acting as a significant support level. Ethereum’s price has repeatedly bounced off of its support trendline over the last several weeks, rejecting efforts by sellers to bring about a deep fall. Source: CoinMarketCap ETH price has been consolidating in a tight range, fluctuating between $1600 and $1645. Many market watchers assessing Ethereum’s present scenario believe losses might escalate if the price falls below the $1600 levels. If the price manages to break the support level of $1600 then it will likely test the $1100 mark. On the other hand if it manages to clearly break above the $1643 mark then it will likely test the next resistance level at $1700.
 
Coinbase’s CEO discussed several topics that have the potential to change the digital asset market. Brain Armstrong shared his vision for the crypto future. Coinbase’s, the leading crypto exchange, co-founder Brain Armstrong recently shared ten promising idea proposals on August 30. Following that, Coinbase’s co-founder tweeted that he had received more than 150 project applications for the ten promising ideas. Moreover, he added an 11th start-up idea in the tweet. On September 6, the crypto exchange’s co-founder revealed another start-up idea for the Web3 version of LinkedIn. It verifies employment or credentials through company-issued soul-bound NFTs. Moreover, Brain Armstrong mentioned that he received around 150 project applications following the ten promising ideas. Coinbase CEO Shared His Vision for the Crypto Future The CEO of the crypto exchange, Brain Armstrong, shared his vision for the crypto future on August 30. In this vision, he discussed several topics that have the potential to change the digital asset market. He highlighted ten promising ideas and proposals, emphasizing the significance of a healthy ecosystem outside of Coinbase’s offerings. Armstrong mentioned that the new proposal will help prevent fraud and provide a secure and reliable way for users to share their work experience and qualifications. This innovation also has the potential to replace the existing resume verification process with a transparent method. Coinbase’s co-founder sees this project as a multiple-component solution, including a user-friendly interface for searching employee and employer information. He also hints at a solution that allows users to mint their NFTs if they verify their association with the companies in .com, mail, and other strategies. Armstrong shared the Web3 LinkedIn project idea after he expressed his vision for the marketplace for crypto jobs. According to him, it will enable individuals to locate crypto-related jobs around the world and also allow jobs to be paid in crypto.
 
The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain. The token was officially listed for specific trading pairs on the crypto exchange in July. Binance’s Directive Drives Adoption Of FDUSD On August 31, Binance confirmed reports of intention to halt support for Binance USD (BUSD) stablecoin following the regulatory embargo on the token’s issuance. Back in March, The New York Department of Financial Services (NYDFS) had ordered Paxos Trust, the issuing company of BUSD, to cease minting the stablecoin. Since then, BUSD’s market supply has taken a nosedive, crashing by over 80% in the last eight months. According to an official post, the exchange will begin the gradual termination of all BUSD products on its platform, urging its 150 million customers to swap their BUSD tokens for other assets before February 2024. In particular, the crypto exchange encouraged users to convert their BUSD to FDUSD, touting incentives such as zero trading fees and a 1:1 direct swap ratio. According to data from CoinMarketCap, FDUSD’s market cap value has grown by 21.49% from August 31, rising from $324.75 million to its current value of $394.68 million. This indicates that Binance’s promotion of FDUSD as a BUSD alternative is paying dividends, resulting in a rapid rise in the former’s adoption over the last few days. For context, the market cap metric represents the total value of a cryptocurrency based on its market price and the number of circulating tokens. Since FDUSD is a stablecoin with a fixed value of $1, CoinMarketCap’s data means that over 70 million FDUSD tokens entered circulation over the past week. In addition, according to the DeFi analytics platform, DeFiLlama, FDUSD now ranks as the ninth largest stablecoin in the crypto market ahead of other popular assets such as Gemini USD (GUSD). Binance Announces New FDUSD Trading Pairs In other news, Binance unveiled three new FDUSD trading pairs on September 6, maintaining its stablecoin support. These trading pairs are DOGE/FDUSD, SOL/FDUSD, and XRP/FDUSD, which will become available for trading on September 7 at exactly 08:00 UTC. This move comes a week after Binance announced the “gradual” discontinuation of its support for the BUSD token while directing users to convert their BUSD token to other assets. The exchange has begun discontinuing by delisting eight BUSD isolated and cross-margin pairs. Following these announcements, the BUSD market fall continues, with the token’s market share now valued at an all-time low of $2.73 billion. More data from DeFiLlama shows that the BUSD market cap is down by 4.16% and 12.23% in the last one and seven days, respectively. Nevertheless, BUSD remains an important item in the market, ranking as the fifth largest stablecoin in the crypto space.
 
Base has said that it would keep an eye out for any additional problems in the chain. Nonetheless, there were still mainnet RPC bugs that needed fixing. Since its public release on August 9, Ethereum layer-2 network Base by Coinbase has experienced its first significant outage. No new blocks were created on the Base chain for around 45 minutes on September 5. The “stalled” block production was initially noticed by its developers at 9:36 pm UTC. However, production of blocks has started back up again. It found the problem within around 20 minutes and began implementing a repair. At 22:09 UTC, the team announced that the problem had been resolved. Not Battle Tested Base has said that it would keep an eye out for any additional problems in the chain. Collective Shift’s director of research Matt Willemsen raised some valid worries about utilizing Ethereum layer 2 networks and cautioned that they haven’t been as “battle tested” as Ethereum’s mainnet. Nonetheless, there were still mainnet RPC bugs that needed fixing. Approximately one and a half hours after the outage began, at 23:06 UTC, the team said, “We have verified recovery of network health and RPC APIs.” The crew finally reported the situation some hours later, placing blame on internal infrastructure. It went on to say that the problem had been found and fixed, so that no funds were in jeopardy. Since the launch of Base Mainnet in mid-July, this is the first significant disruption to occur. Base, like Solana, was marketed as an alternative to Ethereum. Despite this slight setback, Base’s expansion since its introduction has been remarkable. Highlighted Crypto News Today: Bitcoin Bears Regain Control, What’s Next?
 
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On-chain data shows the divergence between the Bitcoin long-term holders and short-term holders has grown to record levels recently. Bitcoin Market Has Been Continuing Its Shift Towards HODLing As an analyst in a post on X explained, the gap between the speculators and HODLers in the market has only grown wider recently. The “short-term holders” (STHs) and the “long-term holders” (LTHs) are the two primary cohorts that the entire Bitcoin market can be divided into. The STHs refer to all those investors who purchased their coins less than 155 days ago, while the LTHs include the holders who have been holding onto their tokens beyond that period. Statistically, the longer an investor keeps their coins dormant, the less likely they become to sell them at any point. Due to this reason, the STHs are usually the group with the weaker conviction of the two. The LTHs often hold through volatile periods in the asset without moving an inch, which has earned them the popular name “diamond hands.” The STHs, on the other hand, tend to sell quickly whenever FUD emerges in the sector, or a profitable selling opportunity appears. Now, here is a chart that shows the trend in the supplies of these BTC investor groups throughout the history of the cryptocurrency: The graph shows that the Bitcoin LTH supply has been on an uptrend during the past couple of years, while the STH supply has been going down recently. This would suggest that the overall supply of the cryptocurrency is continuously becoming more dormant. The gap between these groups is the widest it has ever been, as the LTH supply is nearing the 15 million BTC mark, while the STH supply has dropped under the 2.5 million BTC level. The latter’s latest value is the lowest it has ever been since 2011 when the asset was still in its infancy. It would appear that short-term speculators in the market have thinned to record lows. Last month, Bitcoin witnessed a sharp crash from above the $29,000 level to below the $26,000 mark, and the asset has not recovered. As is apparent from the chart, though, the LTHs haven’t cared about the asset’s struggle at all, as their supply has only continued to head up while the STHs have shrunken down further. The LTH group remaining strong and continuing its growth may not affect the market in the short-term, but during longer periods, the supply continuing to become locked in the wallets of these HODLers could have a bullish impact due to how supply-demand dynamics work. BTC Price At the time of writing, Bitcoin is floating around the $25,700 mark, registering a dip of 6% over the past week.
 
Anoma Foundation, a non-profit organization focused on blockchain technology, today unveiled its intentions for the Namada mainnet. Awa Sun Yin, a co-founder of Namada, made the announcement at Korea Blockchain Week in Seoul. With an emphasis on asset-agnostic privacy across several blockchains, Namada functions as a Layer-1 blockchain protocol. Namada’s innovative use of zero-knowledge cryptography, which enables a singular shielded set that can accept any fungible or non-fungible assets from the Ethereum or Cosmos chains, preserves the integrity of multichain transactions. This is one of the platform’s primary differentiators. Namada takes an unconventional strategy that surpasses restrictions by offering composable privacy. With the help of this functionality, existing assets, decentralized apps, and even whole blockchain networks may be seamlessly retrofitted with privacy features without having to change their fundamental architecture. Namada provides guarantee that user privacy remains unharmed even when users interact with transparent chains or decentralized apps that lack inherent privacy protections. “Shielded actions,” a cutting-edge technology that permits private communications across a variety of platforms and apps, achieves this high degree of privacy integration. Anoma and Namada’s blockchain research and development company Heliax has made significant strides, including organizing the biggest trusted setup ceremony ever with a staggering 2510 participants as of December 2022. More than 200 institutional and independent validators have taken notice of and participated in Namada’s successful navigation of challenging public testnets. In the near future, further details on Namada’s formal launch, mainnet roadmap, token economics, and genesis proposal will be made public.
 
Solana Newtwork users had dropped to a two-year low. SOL experienced an increase of over 3% in the last 24 hours. Solana (SOL), one of the top 10 cryptocurrencies in the world by market cap, has shown a significant surge in the last 24 hours. The unexpected increase from Solana caught the attention of the cryptocurrency community, even though the entire market is in severe decline. At the same time, the number of active addresses on the Solana network reached a two-year low recently. On September 6, the founder of Wealth Mastery, a crypto newsletter, Lark Davis, tweeted that Solana users have dropped to a two-year low. On the other hand, Solana has recently revealed the big news that Visa is expanding its USDC settlement pilot to the Solana Blockchain. Following the announcement, SOL experienced an increase of over 3% in the last 24 hours. Adding to that, Solana Pay recently partnered with Shopify to enable USDC payments via a plugin. While SOL is experiencing a remarkable surge in price, the active wallet address has shown a massive drop. However, the recent Visa expansion update is expected to bring users back to the Solana Network again. Solana Climbs to the Top Gainer List Adding to that, with this sudden surge, Solana climbed to the second position on the top gainers list on September 6. Notably, among the top 100 cryptocurrencies, SOL has been the top gainer in the last 24 hours. The top cryptocurrencies, including Bitcoin and Ethereum, have experienced bearish momentum over the past few weeks. The remarkable surge from Solana is expected to boost investor’s confidence. At the time of writing, Solana has been trading at $19.82, with an increase of over 2.84% in the last 24 hours. The daily trading volume of SOL has experienced a massive surge of 81.04%, according to CoinMarketCap. Moreover, SOL’s price is inching closer towards the $20 mark. With bullish momentum, Solana is expected to cross the $20 mark soon. Do you think SOL will continue its bullish momentum to breach the $20 mark? Tweet to us at @The_NewsCrypto and let us know your thoughts.
 
Weekly on-chain transactions have increased by more than 1,700% since January. Cardano had a 1.6 million rise in transaction volume in August. Cardano (ADA) is pushing things to the next level with the introduction of Hydra, which has been praised for its emphasis on scalability and sustainability. The newest Hydra release is supposed to increase Cardano’s transaction throughput to millions per second. Cardano’s improved scalability will make it more appealing to developers of decentralized applications. It will strengthen the safety of the Cardano network while decreasing transaction fees. Significant Growth Recorded Cardano (ADA) is also witnessing a huge increase in network activity, according to data from blockchain analytics company Santiment. Weekly on-chain transactions have increased by more than 1,700% since January, suggesting Cardano is positioning itself for an upward surge. Moreover, Cardano had a 1.6 million rise in transaction volume in August, compared to the previous month. This increase coincides with the release of two new projects. Bringing the total number of projects on the platform to 138, with another 12 in the development stage. Recent changes include an increase from 750 to 850 token policies and the minting of 140,000 new native tokens on the Cardano platform. Although network activity of Cardano has shown significant growth, ADA price has been facing a severe downtrend and the price now stands at $0.2558. Source: CoinMarketCap The price of ADA has been trading with a negative bias for the last two months, wiping out all of the gains made during the July 13 rise. Moreover, the price is down 14% in the last 30 days as per data from CMC. Partially due to the SEC’s classification of ADA as a security and the general market sentiment, the cryptocurrency is facing bear dominance.
 
Paysafe and Eightcap strengthen their existing partnership to deliver innovative embedded trading and digital wallet solution, set to be rolled out to shared partners in the EU later this year LONDON–(BUSINESS WIRE)–Paysafe (NYSE: PSFE), a leading payments platform, and Eightcap, a global retail trading provider, are excited to announce the strengthening of their partnership through the introduction of an innovative Embedded Trading Wallet solution. This strategic collaboration aims to provide a joint embedded finance solution for Eightcap and Paysafe’s shared partners and merchants. Eightcap and Paysafe first established a successful payments partnership in 2016, with Paysafe providing a wide range of payment options for Eightcap global traders including digital wallets like Skrill and NETELLER, as well as various local payment methods. Expanding on this collaboration, the newly introduced Embedded Trading Wallet utilizes Paysafe’s digital wallet infrastructure and Eightcap’s trading technology. This innovative solution allows partners to offer a white-label, plug-and-play trading and payment wallet for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe. The Embedded Trading Wallet, hosted within Paysafe and Eightcap’s combined global licensing framework, brings together compliance expertise, and payments and trading capabilities to offer partners a seamless and secure trading wallet, empowering them to offer their customers a convenient, secure and reliable trading and digital wallet solution. Eightcap, a global leader in retail derivatives trading, stands out in the industry with its unique B2B embedded trading API, which allows partners to seamlessly offer over 1,000 tradable instruments in Stocks, Indices, Crypto, FX, and Commodities. “We’re delighted to be embarking on this strategic partnership with Eightcap and facilitating its embedded trading wallet solution through white labelling our products and services,” said Micah Kershner, SVP of Crypto and Digital Assets at Paysafe. “Embedded finance is the future, and we believe this solution will revolutionise the trader’s experience.” Patrick Murphy, Director of UK at Eightcap, commented, “We are extremely excited to be entering into this new phase of our partnership. This solution will enable unparalleled payment capabilities for our global partners and traders.” Eightcap and Paysafe will be attending TOKEN2049 in Singapore (September 13 and 14). To request a meeting with Paysafe, please email [email protected]. ### About Paysafe Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 25 years of online payment experience, an annualized transactional volume of over $130 billion in 2022, and approximately 3,300 employees located in 12+ countries, Paysafe connects businesses and consumers across more than 250 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com About Eightcap Melbourne headquartered Eightcap is a global leader in retail derivatives trading. The company offers a comprehensive range of trading options, including Cryptos, Stocks, Indices, FX and Commodities. Eightcap offers these regulated derivatives to traders from over 120 countries via its global licensing framework. It is regulated in Australia (ASIC), UK (FCA), the Bahamas (SCB) and Cyprus/EU (CySEC). Eightcap is an industry leader in regulated crypto derivatives, partnering with TradingView to enable their users to trade their suite of regulated crypto derivatives via their broker integration with TradingView. CFD trading carries significant risks, so is not suitable for all investors, so please ensure that you are fully aware of the risks involved, seek independent advice if necessary, and read the relevant legal documentation (available from our website) before making any decisions. For further information, visit www.eightcap.com Contacts For more information, please contact: The Paysafe Press Office via [email protected]
 
Bitcoin experienced a 7% dip over the past seven days. The SEC delays Bitcoin ETF decisions, creating market uncertainty. In a rollercoaster ride of hope and despair, Bitcoin, the largest market capitalization Cryptocurrency, sent ripples throughout the community when its price soared from $25,912 to $28,089, following Grayscale Bitcoin Trust’s (GBTC) triumph over the Securities and Exchange Commission (SEC) on August 29. However, this bullish momentum proved to be fleeting as bears swiftly regained control. It pushes it back into the seemingly confining range of $25,628 to $25,858. Adding to it, BTC experienced a 6.25% decline in the past seven days. Recently, discussions of a potential Bitcoin exchange-traded fund (ETF) approval heated up the bullish mood. But the initial buzz subsided when the SEC, later in the week, delayed decisions on several spot Bitcoin ETF applications, including BlackRock’s, until 2024. Meanwhile, Bitwise officially withdrew its Bitcoin and Ether ETF applications, adding to the negative sentiment. Rumors have also swirled that BlackRock may be manipulating Bitcoin prices in anticipation of its ETF launch. However, analysts suggest this theory appears speculative at best. The investment giant has more to lose than gain from a dramatic Bitcoin price crash. Nonetheless, despite the short-term uncertainty stemming from a complex U.S. regulatory landscape, institutional investors remain resolute in their long-term outlook for cryptocurrencies. Nine top-tier investment firms such as WisdomTree, and VanEuk currently have ETF applications awaiting the SEC’s verdict. Bitcoin ETF Approval is in Control of BTC Price? In a recent market report dated September 5, K33 senior analyst Vetle Lunde and Anders Helseth, Vice President, indicated that the last three months have significantly enhanced the chances of a spot Bitcoin ETF approval. Strikingly, this positive sentiment hasn’t translated into substantial price gains for Bitcoin or other major cryptocurrencies. According to them, an ETF approval would be a game-changer, attracting massive capital inflows and substantially increasing Bitcoin’s buying pressure. In contrast, they suggest that a potential spot ETF rejection would have negligible consequences, with Bitcoin prices largely maintaining their current status quo. What’s Next For BTC? A closer examination of Bitcoin’s recent price movements paints a vivid picture of the ongoing struggle between bullish and bearish forces. The short-term 9-day exponential moving average (EMA) currently hovers at $26,026, underscoring the prevailing bearish sentiment. The Relative Strength Index (RSI) sits at 39, indicating that oversold conditions may be imminent. At the time of writing, Bitcoin is trading at $25,752, accompanied by a 1% dip in trading volume in the last 24H. The digital asset finds itself perched near the support zone within the wide-ranging corridor of $24,800 to $31,000. Notably, the $24,800 level is expected to be a battleground where bulls and bears will fiercely contest. Should this level give way, a sharp decline could follow, potentially driving the BTC/USDT pair toward the critical support at $20,000, with only a minor cushion at $24,000. Conversely, there remains a glimmer of hope for the bulls. If they manage to break through the $26,833 barrier, the pair could ascend toward the 50-day Simple Moving Average (SMA) at $28,221. Will BTC Break its Bearish Momentum? Share your thoughts by tweeting us at @The_NewsCrypto
 
As Ethereum (ETH) grapples with quite a tense market sentiment, crypto investors are on edge, with some sounding cautionary alarms about the potential for further price erosion before any sign of recovery. The second-largest cryptocurrency by market capitalization has faced tumultuous weeks, with its price bouncing off the $1,626 support level, giving bulls a glimmer of hope. In a bid to regain lost ground, Ethereum needs to engineer a bullish breakout from the overhead trendline, aiming to potentially push its price back up to $2,020. ETH Bullish Breakout Looms, But Challenges Persist Over the past few weeks, Ethereum has witnessed multiple rebounds from the support trendline, thwarting sellers’ attempts to instigate a significant correction. The current ETH price hovers around $1,629, showing modest 24-hour gains of 0.5% but a seven-day dip of 4.9%. According to recent price analysis, if buyers maintain their pressure and the support trendline remains resilient, Ethereum could witness a 5-6% surge. Such a surge could challenge the persistent descending trendline that has dominated the ongoing corrective phase, and breaking past this resistance is crucial for a more pronounced recovery. Ethereum’s Dwindling On-Chain Activity Raises Concerns While Ethereum’s price struggles, there has been a noticeable decline in transaction volume and overall activity on the Ethereum blockchain. Recent data shows that transaction volume has hit a nine-month low, accompanied by daily transaction fees reaching an eight-month low. This trend has sparked concerns within the crypto community, with a growing consensus that users are losing interest in the Ethereum blockchain and possibly exploring alternatives. Around mid-April, there was a significant shift in investor sentiment towards Ethereum, which was then trading at approximately $2,140 and had experienced substantial gains for the year. During the following four months, there was a consistent trend of large-scale selling by Ethereum “whales,” individuals holding between 10 and 10,000 ETH in their crypto wallets. These whales are often regarded as informed and influential players in the cryptocurrency market. One notable development that has raised eyebrows is the actions of Ethereum co-founder Vitalik Buterin. Observers have noted that Buterin has been transferring substantial amounts of Ethereum from his public wallets to other cryptocurrency wallets over the past month. The approximate sum of $6 million worth of Ethereum being moved has led some to view this as a potential red flag. Comparable to corporate insiders selling their shares when anticipating a price decline, Buterin’s actions have added to the uncertainty surrounding Ethereum’s future trajectory. With investors cautiously optimistic about a potential price rally, Ethereum must overcome significant challenges, including breaking past key resistance levels and reigniting user interest in its blockchain. All eyes remain on Ethereum’s next moves, as well as Buterin’s, along with crypto enthusiasts bracing for what the future holds for this influential digital asset. (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 Adobe Stock
 
In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the past four day, reaching a five-month peak at 104.907. At press time, the DXY was trading at 104.773. From a technical standpoint, the DXY has exhibited a bullish bias, especially after surpassing the 200-day Moving Average (DMA) on Thursday last week. For the DXY to solidify its bullish stance, it needs to surpass the year-to-date (YTD) high of 105.882, which would then bring the 106.000 mark into focus. Surpassing this level could set the stage for the DXY to challenge the November 30 daily high of 107.195 and potentially rally towards March’s 21 high of 107.993. However, on the flip side, if the DXY were to dip below 104.538, it could trigger a correction, targeting the 200-DMA (currently at $103.326). In the short term, while the DXY remains bullish, it must breach the 38.2% Fibonacci retracement level at $105.368. Renowned macro analyst Henrik Zeberg weighed in on the DXY’s trajectory, predicting that DXY bulls shouldn’t get too excited, “I just love this BEARISH – bullish move in DXY. Let the DXY Bulls get overly excited! Exactly what is needed for the reversal. 106.0 – 106.3 (is key).” How Will Bitcoin Respond To DXY’s Strength The inverse correlation between Bitcoin and the DXY has been a topic of interest in recent years. With the DXY’s recent surge, concerns are mounting about potential downward pressure on Bitcoin and crypto in the short-term. Some analysts believe that another uptick in the dollar could push Bitcoin towards the $23.500 mark, especially given the relatively low levels of open interest (OI) and volume for BTC. Glassnode founders Yann Allemann and Jan Happel provided insights into Bitcoin’s outlook, noting, “Mid-term outlook: Favorable risk/reward, but short-term, uncertain ($25.8k – $26.8k). Possible downside ($23.8k – $24.8k) due to bearish trend. Signs of bottoming: RSI bullish divergence, fading volatility. […] We’re close to the bottom, but the environment is still unstable.” Elaborating on the current market conditions, they added, “We’re in an unstable environment. Wait for the dip or buy the breakout. Bitcoin Risk Signal near extremes. $25.8k – $26.8k is No Man’s Land. The mid-term risk/reward is favorable for BTC and crypto.” Moreover, they predict that Bitcoin will bottom out in mid-September when the DXY reaches its top, setting Bitcoin and crypto up for a stellar October. At press time, BTC price remained stagnant below $27,800.
 
Bullish MANA price prediction for 2023 is $0.4254 to $0.6097. Decentraland (MANA) price might reach $1 soon. Bearish MANA price prediction for 2023 is $0.1993. In this Decentraland (MANA) price prediction 2023, 2024-2030, we will analyze the price patterns of MANA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Decentraland (MANA) Current Market Status What is Decentraland (MANA)? Decentraland (MANA) 24H Technicals DECENTRALAND (MANA) PRICE PREDICTION 2023 Decentraland (MANA) Support and Resistance Levels Decentraland (MANA) Price Prediction 2023 — RVOL, MA, and RSI Decentraland (MANA) Price Prediction 2023 — ADX, RVI Comparison of MANA with BTC, ETH DECENTRALAND (MANA) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Decentraland (MANA) Current Market Status Current Price $0.295 24 – Hour Price Change 1.14% Up 24 – Hour Trading Volume $45,830,947 Market Cap $558,760,398 Circulating Supply 1,893,095,371 MANA All – Time High $5.90 (On Nov 25, 2021) All – Time Low $0.007883 (On Oct 13, 2017) MANA Current Market Status (Source: CoinMarketCap) What is Decentraland (MANA) TICKER MANA BLOCKCHAIN Ethereum CATEGORY Virtual Reality LAUNCHED ON February 2020 UTILITIES Governance, security, gas fees & rewards Decentraland (MANA) is the native token of Decentraland, a decentralized virtual reality platform. Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. Users purchase various in-game assets using MANA. They also receive voting rights by holding Decentraland (MANA) tokens. Decentraland deploys two different tokens, MANA and LAND. MANA serves as the governance token and digital currency of the project. LAND are the native non-fungible tokens that represent the plots of the metaverse. Decentraland 24H Technicals (Source: TradingView) Decentraland (MANA) Price Prediction 2023 Decentraland (MANA) ranks 60th on CoinMarketCap in terms of its market capitalization. The overview of the Decentraland price prediction for 2023 is explained below with a daily time frame. MANA/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Decentraland (MANA) 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 Decentraland (MANA) was recorded at $0.295. If the pattern trend continues, then the price of MANA might reach the resistance levels of $0.3342, $0.3712, and $0.4496. If the trend reverses, then the price of MANA may fall to the support of $0.2909. Decentraland (MANA) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Decentraland (MANA) in 2023. MANA/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 Decentraland (MANA) for 2023. Resistance Level 1 $0.4254 Resistance Level 2 $0.6097 Support Level 1 $0.2856 Support Level 2 $0.1993 MANA Resistance & Support Levels Decentraland (MANA) 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 Decentraland (MANA) are shown in the chart below. MANA/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Decentraland (MANA) 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 = $0.3460Price = $0.2934 (50MA > Price) Bearish (Downtrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 33.56 <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 Decentraland (MANA) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Decentraland (MANA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). MANA/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Decentraland (MANA). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 52.3497 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 60.75 <50 = Low >50 = High High Volatility Comparison of MANA with BTC, ETH Let us now compare the price movements of Decentraland (MANA) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs MANA Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of MANA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MANA also increases or decreases respectively. Decentraland (MANA) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Decentraland (MANA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Decentraland (MANA) Price Prediction 2024 $1.5 $0.5 Decentraland (MANA) Price Prediction 2025 $2.3 $0.56 Decentraland (MANA) Price Prediction 2026 $3.6 $0.64 Decentraland (MANA) Price Prediction 2027 $4.8 $0.71 Decentraland (MANA) Price Prediction 2028 $5.2 $0.79 Decentraland (MANA) Price Prediction 2029 $6.7 $0.86 Decentraland (MANA) Price Prediction 2030 $7 $0.9 Conclusion If Decentraland (MANA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Decentraland (MANA) price prediction for 2023 is $0.6097. Comparatively, the bearish Decentraland (MANA) price prediction for 2023 is $0.1993. If there is a positive elevation in the market momentum and investors’ sentiment, then Decentraland (MANA) might hit $1. Furthermore, with future upgrades and advancements in the Decentraland ecosystem, MANA might surpass its current all-time high (ATH) of $5.90 and mark its new ATH. FAQ 1. What is Decentraland (MANA)? Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. 2. Where can you buy Decentraland (MANA)? Traders can trade Decentraland (MANA) on the following cryptocurrency exchanges such as Binance, BTCEX, CoinW, OKX, and Deepcoin. 3. Will Decentraland (MANA) record a new ATH soon? With the ongoing developments and upgrades within the Decentraland platform, Decentraland (MANA) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Decentraland (MANA)? Decentraland (MANA) hit its current all-time high (ATH) of $5.90 on Nov 25, 2021. 5. What is the lowest price of Decentraland (MANA)? According to CoinMarketCap, MANA hit its all-time low (ATL) of $0.007883 on Oct 13, 2017 . 6. Will Decentraland (MANA) hit $1? If Decentraland (MANA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be the Decentraland (MANA) price by 2024? Decentraland (MANA) price might reach $1.5 by 2024. 8. What will be the Decentraland (MANA) price by 2025? Decentraland (MANA) price might reach $2.3 by 2025. 9. What will be the Decentraland (MANA) price by 2026? Decentraland (MANA) price might reach $3.6 by 2026. 10. What will be the Decentraland (MANA) price by 2027? Decentraland (MANA) price might reach $4.8 by 2027. Top Crypto Predictions Polkadot (DOT) Price Prediction Filecoin (FIL) Price Prediction Litecoin (LTC) Price Prediction 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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