Bullish XTZ price prediction for 2023 is $0.946 to $1.281 Tezos (XTZ) price might reach $5 soon. Bearish (XTZ) price prediction for 2023 is $0.519. In this Tezos (XTZ) price prediction 2023, 2024-2030, we will analyze the price patterns of XTZ by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Tezos (XTZ) Current Market Status What is Tezos (XTZ)? Tezos (XTZ) 24H Technicals TEZOS (XTZ) PRICE PREDICTION 2023 Tezos (XTZ) Support and Resistance Levels Tezos (XTZ) Price Prediction 2023 — RVOL, MA, and RSI Tezos (XTZ) Price Prediction 2023 — ADX, RVI Comparison of XTZ with BTC, ETH TEZOS (XTZ) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Tezos (XTZ) Current Market Status Current Price $0.6946 24 – Hour Price Change 1.37% Up 24 – Hour Trading Volume $13,277,365 Market Cap $660,660,077 Circulating Supply 950,515,478 XTZ All – Time High $9.18 ( On Oct 04, 2021) All – Time Low $0.3146 (On Dec 07, 2018) XTZ Current Market Status (Source: CoinMarketCap) What is Tezos (XTZ) TICKER XTZ BLOCKCHAIN Tezos CATEGORY Blockchain Network LAUNCHED ON June 2018 UTILITIES Governance, security, gas fees & rewards Tezos (XTZ) is the native cryptocurrency of Tezos. Tezos is an open-source, smart contract-based blockchain that facilitates the creation and development of smart contracts and dApps. The blockchain is secured by a modified proof-of-stake (PoS) called liquid proof-of-stake (LPoS). Transactions are added onto the blocks and validated by a group of validators called bakers and endorsers. Bakers are the ones who stake XTZ tokens and create new blocks. While endorsers validate the blocks. Users can stake Tezos (XTZ) tokens to validate blocks and secure the blockchain. Token holders receive voting rights and participate in the network’s governance. Tezos 24H Technicals (Source: TradingView) Tezos (XTZ) Price Prediction 2023 Tezos (XTZ) ranks 9th on CoinMarketCap in terms of its market capitalization. The overview of the Tezos price prediction for 2023 is explained below with a daily time frame. XTZ/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Tezos (XTZ) laid out a descending channel pattern. TDescending 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 Tezos (XTZ) was recorded at $0.6946. If the pattern trend continues, then the price of XTZ might reach the resistance level of $0.719, $0.810, and $0.936. If the trend reverses, then the price of XTZ may fall to the support of $0.673. Tezos (XTZ) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Tezos (XTZ) in 2023. XTZ/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Tezos (XTZ) for 2023. Resistance Level 1 $0.946 Resistance Level 2 $1.281 Support Level 1 $0.685 Support Level 2 $0.519 XTZ Resistance & Support Levels Tezos (XTZ) 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 Tezos (XTZ) are shown in the chart below. XTZ/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Tezos (XTZ) 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 = $0.796Price = $0.701 (50MA > Price) Bearish / Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 38.51 <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 Tezos (XTZ) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Tezos (XTZ) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). XTZ/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Tezos (XTZ). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 49.386 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 46.54 <50 = Low >50 = High Low volatility Comparison of XTZ with BTC, ETH Let us now compare the price movements of Tezos (XTZ) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs XTZ Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of XTZ is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XTZ also increases or decreases respectively. Tezos (XTZ) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Tezos (XTZ) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Tezos (XTZ) Price Prediction 2024 $6 $0.7 Tezos (XTZ) Price Prediction 2025 $7 $0.9 Tezos (XTZ) Price Prediction 2026 $8 $1 Tezos (XTZ) Price Prediction 2027 $10 $1.3 Tezos (XTZ) Price Prediction 2028 $11 $1.7 Tezos (XTZ) Price Prediction 2029 $13 $1.9 Tezos (XTZ) Price Prediction 2030 $15 $2.4 Conclusion If Tezos (XTZ) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Tezos (XTZ) price prediction for 2023 is $1.281. Comparatively, if unfavorable sentiment is triggered, the bearish Tezos (XTZ) price prediction for 2023 is $0.519. If the market momentum and investors’ sentiment positively elevate, then Tezos (XTZ) might hit $5. Furthermore, with future upgrades and advancements in the Tezos ecosystem, XTZ might surpass its current all-time high (ATH) of $9.18 and mark its new ATH. FAQ 1. What is Tezos (XTZ)? Tezos (XTZ) is the native crypto token of Tezos. Tezos is an open-source blockchain that facilitates the creation and development of smart contracts and dApps. 2. Where can you purchase Tezos (XTZ)? Tezos (XTZ) has been listed on many crypto exchanges, including Binance, Coinbase Exchange, Huobi Global, Kraken, and Bithumb. 3. Will Tezos (XTZ) reach a new ATH soon? With the ongoing developments and upgrades within the Tezos Platform, XTZ has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Tezos (XTZ)? On October 04, 2021, XTZ reached its new all-time high (ATH) of $9.18. 5. What is the lowest price of Tezos (XTZ)? According to CoinMarketCap, XTZ hit its all-time low (ATL) of $0.3146 on December 07, 2018. 6. Will Tezos (XTZ) reach $5? If Tezos (XTZ) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon. 7. What will be Tezos (XTZ) price by 2024? Tezos (XTZ) price is expected to reach $6 by 2024. 8. What will be Tezos (XTZ) price by 2025? Tezos (XTZ) price is expected to reach $7 by 2025. 9. What will be Tezos (XTZ) price by 2026? Tezos (XTZ) price is expected to reach $8 by 2026. 10. What will be Tezos (XTZ) price by 2027? Tezos (XTZ) price is expected to reach $10 by 2027. Top Crypto Predictions Litecoin (LTC) Price Prediction 2023 Sui (SUI) Price Prediction 2023 Kaspa (KAS) 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.

This week’s anticipated token unlocks could significantly impact crypto market prices. AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR, and ACA tokens will undergo substantial unlocking. In the past 24 hours, the price of dydx has surged by 4%, trading at $2.16. This week is poised to bring about a wave of significant token unlocks that could potentially impact prices and trading dynamics in the crypto market. According to Token Unlocks, several notable tokens are scheduled to experience substantial unlocks, leading to heightened anticipation and speculation within the crypto community. Tokens such as AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR, and ACA are among those scheduled for unlocking. This mass unlocking event has captured the attention of both traders and enthusiasts alike as the market braces itself for potential fluctuations driven by the increased availability of these tokens. Upcoming Token Unlocks (Source: Token Unlocks) One of the highlights of the week’s unlocks is dYdX’s release of 6.52 million DYDX tokens, which translates to approximately $14.41 million at the current price. The unlocking of these tokens is expected to inject considerable volume into the market. That potentially influencing trading patterns and investment strategies. Optimism is gearing up for another substantial unlock, releasing 24.16 million OP tokens worth around $35.03 million hitting the market. Hedera’s unlocking of 1.15 billion HBAR tokens, amounting to approximately $67.23 million. Also, Hedera’s unlock has garnered attention for its potential effects on its market standing and ecosystem development. Current Market Status According to CoinMarketCap, the price of dydx has shown a 4% increase in the last 24 hours, trading at $2.16, accompanied by a significant 104% surge in its daily trading volume, now standing at $80 million. Notably, dydx has experienced a remarkable surge of over 13% in the previous week. However, despite these positive trends for dydx, other cryptocurrencies that are on the brink of unlocking tokens are currently trading with distinct momentum. Highlighted Crypto News Today SHIB’s Shibarium Overcomes Glitches and Relaunches

CHICAGO–(BUSINESS WIRE)–Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced it has become a Google Cloud Premier Partner in the Service Engagement Model, the highest status a Google Cloud partner can achieve. This milestone is a result of Thoughtworks demonstrating a high level of capability and capacity with Google Cloud products, including specializations in Data Analytics and Application Development. “Thoughtworks has helped us build the foundation for unlocking value, achieving scale, accelerating time to market and reducing costs as we advance our data journey,” said Bruno Souza, Director of Engineering for Data & AI, Globo. “Thoughtworks provided deep expertise and agility in execution of our data migration, the first crucial step to creating greater business value from data analytics and intelligence.” To achieve the Google Cloud Premier Partner distinction, Thoughtworks’ team of certified engineers, architects and data scientists received extensive architecture training and certifications, met a rigorous set of technical criteria, and demonstrated strong expertise in working with clients building innovative solutions on Google Cloud. In addition to the specializations, Thoughtworks has earned 30+ new expertises and 100+ certifications across multiple industries, products and technology solutions. “We are proud to have reached Google Cloud’s highest level of Premier Partner status. It’s a testament to our work together helping clients achieve their digital goals as they continue their cloud adoption lifecycle,” said Chad Wathington, Chief Strategy Officer, Thoughtworks. “As a vanguard in the technology industry, Thoughtworks has always embraced emerging technology such as generative AI and immersive experiences in our continued world-class delivery to clients, while championing responsible tech.” “Our partners have a significant opportunity to help customers digitally transform by implementing products and technology from Google Cloud and our ecosystem,” said Kim Lasseter, Global Director, Partner Advantage Program Design & Strategy, Google Cloud. “We’re pleased to recognize Thoughtworks as a Premier partner for Service Engagement Model, which indicates they have achieved a high level of certification, delivered customer success with specific Google Cloud products and services, and demonstrated the project readiness that customers need to accelerate their digital transformations.” Globo will be presenting with Thoughtworks at Google Cloud Next on “Petabyte-scale Data Migrations the Google Cloud Way.” Thoughtworks will also showcase its latest solutions in the areas of generative AI, augmented and virtual reality at Google Cloud Next (Aug. 29-31, 2023). Visit us at exhibitor booth #1709. Supporting resources: Visit Thoughtworks at Google Cloud Next 2023. Learn more about Thoughtworks and Google Cloud. Keep up with Thoughtworks news by visiting the company’s website. Follow us on Twitter, LinkedIn and YouTube. – ### – <TWKS915> About Thoughtworks Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are over 11,500 people strong across 51 offices in 18 countries. For 30 years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator. Contacts Linda Horiuchi, global head of public relations Email: [email protected] Phone: +1 (646) 581-2568

Bitcoin (BTC) is currently marked by cautious sentiments as the Crypto Fear and Greed Index holds steady within the fear zone, scoring 39 out of 100 and showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin’s price trend takes center stage, influenced by the evolving dynamics of the market. Zooming in on the price action reveals a distinct pattern on the 4-hour timeframe. Bitcoin’s price, guided by a falling channel pattern, traces a consistent downtrend, oscillating between two parallel trendlines. This price movement hints at the formation of a well-recognized bullish reversal pattern, known as the falling parallel channel. At its current valuation of $25,877 according to CoinGecko, Bitcoin experienced a minor 0.6% dip in the last 24 hours and a marginal 0.3% decline over the past week. Despite these fluctuations, the price behavior strikingly emulates the falling parallel channel, suggesting the potential for a shift in momentum. Deciphering Bitcoin Falling Parallel Channel The falling parallel channel is a technical pattern often observed during a downtrend. It features two parallel trendlines encompassing the price action within a defined range. The lower trendline provides a support level, while the upper trendline acts as resistance. This pattern typically indicates a possible trend reversal, with a breakout above the upper trendline indicating an imminent bullish recovery. For Bitcoin, a significant breakout involving a 4-hour candle closure above the upper trendline could trigger the anticipated bullish bounce. This potential surge, according to price analysis, has the capacity to propel prices upwards by approximately 8%, leading to a retest of the $28,500 resistance. However, prudence remains paramount as the overarching trend still displays negative undertones. Traders and cryptocurrency holders are urged to proceed cautiously at this resistance point, as the potential for sellers to regain bearish momentum persists, possibly resulting in an extended corrective phase. Understanding The Fear And Greed Index’s Significance In a sentiment-driven market, the Crypto Fear and Greed Index holds substantial importance. It offers valuable insights into the collective psychological state of investors and traders, shedding light on their overall outlook. A prolonged presence within the lower spectrum, exemplified by the current fear score of 39/100, underscores the prevailing apprehension and uncertainty among market participants. This underscores the need for judicious decision-making amidst the interplay of technical patterns and market sentiment. The sustained position of the Crypto Fear and Greed Index within the fear zone, coupled with Bitcoin’s price dynamics marked by the falling parallel channel, underscores the intricate interplay of forces within the cryptocurrency market. As traders closely monitor the potential breakout and its potential repercussions, exercising caution remains pivotal in navigating this intricate landscape. (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 Makersplace

ALISO VIEJO, Calif., & JACKSONVILLE, Fla.–(BUSINESS WIRE)–#AzureMarketplace–Corent Technology Inc. and EverythingBlockchain Inc. announced the release of BuildDB blockchain-enabled fiscally sustainable NoSQL database as a fully managed SaaS offering on AWS Cloud and AWS Cloud Marketplace, powered by SaaSOps. Corent’s SaaSOps instantly provides the SaaS operations and management capabilities needed by modern SaaS Providers to implement and manage sophisticated applications including Kubernetes applications on the cloud, saving years of development and an average of 90% savings on SaaS OpEx – the cost of operating a SaaS solution through its AI-driven automation. Scott Chate, Vice President of Partner and Market Development at Corent Technology commented that “This example of rapid SaaSification and publishing of a modern application as SaaS on a cloud marketplace is exactly the type of scenario that SaaSOps with its Marketizer capabilities is designed to do. Enabling an ISV to become a SaaS Provider with all the capabilities needed to operate and manage SaaS offerings, without requiring the ISV to invest the time and effort into developing the ‘as a Service’ capabilities for their Software, is the breakthrough proposition of SaaSOps.” Working to a tight timeline for a major airline customer, Corent enabled a complete SaaS implementation of BuildDB on AWS Marketplace with flexible usage-based metering and billing. Cedric Harris, Chief Solutions Architect of Everything Blockchain said, “We needed a fast and capable solution to get our product onto AWS Marketplace in a tight timeframe. We were pleasantly surprised to find out that it did much more than that, enabling us to implement geo-local customer deployment options and usage-based metered billing with virtually no changes to our application. Corent’s support throughout the project was first-rate.” About Corent Technology Corent Technology, Inc. is a leading innovator in the cloud migration and SaaS-enablement technology space. Corent’s SurPaaS® Platform is used by key enterprises, system Integrators and cloud providers to enable rapid discovery, analysis, planning, optimization, and migration to the cloud; and optionally, automated transformation of software applications to efficient, scalable SaaS. Corent is managed by a team of industry veterans from Microsoft, IBM, HP, EMC, Oracle, and VMware among others. For more information about Corent, please visit www.corenttech.com and to contact Corent please drop a note to [email protected]. About Everything Blockchain Inc. Everything Blockchain, Inc. (OTCMKTS: EBZT) envisions a future where every transaction is trusted and blockchain is used to meet ESG goals, support cities of the future, build and control the transparency of supply chains and ensure the rights of data ownership sustain forever. The company’s patent-pending advances in blockchain engineering deliver the essential elements needed for real-world business use: speed, security, and energy efficiency. Current sub-brands include: EB Advise, BuildDB and EB Control. For more information, please visit https://www.everythingblockchain.io/ Contacts Dan Chmielewski Madison Alexander PR, Inc. 949-231-2965 [email protected]

On August 18, the Bitcoin network’s hash rate reached a new all-time high of 414 EH/s. BTC miners have been using money from stock sales in the Q2 to survive. The “hash price” of Bitcoin mining, which is the amount of money miner’s make per terahashes per second, has fallen to levels not seen since the FTX crash of November 2022, despite the fact that the hash rate has hit all-time highs. On August 18, the Bitcoin network’s hash rate reached a new all-time high of 414 EH/s, a milestone reached during the last week. At its peak, the network hash rate was 54% higher than it was at the start of 2023, and 80% higher than it was a year ago, as reported by Blockchain.com. Surviving the Market Downturn In spite of the network’s apparent security, Bitcoin miners are in a bind since their income has plummeted to levels last seen when BTC reached a market cycle low of roughly $16,500 in November last year. The income of $0.060 per terahash per second per day is less than 50% of what it was in the beginning of May. As revenue and hashrate continue to decline, market analysts have suggested that mining profitability requires higher prices in order to maintain current hashrates. It has been revealed that Bitcoin miners have been using money from stock sales in the Q2 to survive the market downturn. The twelve largest publicly listed miners together raised approximately $440 million in the second quarter via stock sales, Bloomberg reported on August 24. According to CMC, the price of Bitcoin at the time of writing is $25,914 and is down 0.46% market. The price has been struggling for quite some time now. Highlighted Crypto News Today: Pepe Coin Scandal Shakes the Market: But PEPE is Still Trending

Price of Ethereum (ETH) continues to consolidate within the $1600 range. The trading volume of ETH surged 27.67% in the last 24 hours. A whale transfer of 24,000 ETH, worth $39.6 million, was recorded on the crypto exchange OKX. Ethereum (ETH), the second-largest cryptocurrency, experienced a massive downtrend over the past few weeks, failing to break through its key resistances. Meanwhile, Ether whales have been executing huge transactions on leading crypto exchanges such as Coinbase and OKX in the last 24 hours. Whale Alert, a blockchain tracker and analytics firm, reported a whale transaction of 24,000 ETH, worth 39,618,881 USD, from an unknown wallet to the crypto exchange OKX. Following this 4-hour-old transaction, an anonymous whale accumulated the same amount of ETH from OKX. Similarly, eleven hours ago, a massive ETH whale dumped nearly 21,299 ETH to the Coinbase exchange. Is Ethereum (ETH) Price Reacting to These Whales? At the time of writing, Ethereum (ETH) traded at $1,648, with a decline of over 0.52% in the last 24 hours. Even after the whale transactions, the ETH price reflected no notable gains or losses. However, a set of whale transactions led the daily trading volume of ETH to display a surge of over 28%. According to CoinMarketCap data, the trading volume spiked to $3.14 billion. Ethereum (ETH) Daily Trading Price Chart (Source: TradingView) The daily price chart shows that Ethereum continues to be trapped in the bearish zone as its current price was below the 50-day exponential moving average (50 EMA). Meanwhile, the daily relative strength index (RSI) at 30.53 denoted the largest altcoin’s position on the border of the oversold zone. Ethereum has been trading between $1600 and $1700 over the past few weeks. If the current trend reverses, ETH will experience a bullish rally toward a resistance level of $1800. On the other hand, there might also be a possibility of ETH experiencing a further downtrend. If it occurs, the price would breach the nearest support level of $1600. In a worst-case scenario, bears could potentially drive it below $1540, particularly if the recent breakout at $1576 on August 17 has influenced market sentiment. Do you think ETH will break the bearish momentum soon? Tweet to us at @The_NewsCrypto and let us know your thoughts.

Institutional investors are consistently purchasing Bitcoin as per CryptoQuant. Bitcoin’s price is likely to test the $25,860 level of short-term support. Bitcoin has shown significant negative momentum over the previous several weeks. Amid the severe assault, there has been a noticeable increase in institutional interest, which is widely anticipated to play a significant role in the next BTC rally. Based on analysis by CryptoQuant of wallet deposit and withdrawal records, it can be concluded that institutional investors are consistently purchasing Bitcoin. Moreover, over the last year, Bitcoin reserves on non-US exchanges have increased by over 10%. On the other hand, Coinbase, Gemini, and Kraken, three major American crypto exchanges, have seen their Bitcoin holdings drop by 30% to over 50%. Also, there has been a dramatic increase in the number of investors taking part in the Bitcoin futures market. Since November 2022, open interest in Bitcoin futures has increased to a new all-time high (ATH). Further Decline Likely Despite hopes of investors for a market turnaround, Bitcoin has fallen below $26,000 and is currently trading at $25,901. The Bitcoin price was consolidating around the critical $26,000 mark for some time before breaking out earlier today. Source: CoinMarketCap Bitcoin’s price is likely to test the $25,860 level of short-term support. If price manages to drop below the support level, it will signal a continuation of the downtrend all the way to $25,630. On the other hand, the $26,670 resistance level is projected to be reached if bulls are successful in pushing the price over $26,170. The price increase might go as high as $30,000 if a major trigger materializes, such as the U.S. Securities and Exchange Commission (SEC) approving a Bitcoin spot ETF.

A trailblazer in the decentralized exchange (DEX) landscape, is proud to announce the launch of its revolutionary trading platform, setting a new standard in the world of automated market-making (AMM) within the Base ecosystem. SynthSwap, emerging from the creators of ZyberSwap, introduces an innovative concept that redefines liquidity provision. This unique approach, known as Concentrated Liquidity, sets it apart from traditional models. With Concentrated Liquidity, liquidity providers (LPs) strategically pool assets within specific price ranges, optimizing capital efficiency and minimizing impermanent loss risks. This revolutionary approach positions SynthSwap as a game-changer in the decentralized exchange (DEX) landscape. ZyberSwap’s achievements further underscore SynthSwap’s potential, boasting a remarkable $3.5 billion in lifetime trade volume, engaging nearly 30,000 users, and reaching a peak Total Value Locked (TVL) of $170 million. SynthSwap leverages this impressive track record to drive innovation, making significant strides in reshaping liquidity dynamics within the DEX realm. Unparalleled Fee Advantage and Lucrative Rewards Synthswap emerges as a frontrunner by offering traders the lowest fees in the market. In an environment where fees can significantly impact profitability, Synthswap’s fee structure is a game-changer, ensuring that traders retain more of their hard-earned gains. Moreover, Synthswap’s Staking and Yield Farming programs present an exceptional opportunity for users to unlock substantial rewards. The platform’s architecture is designed to maximize returns, making it an enticing option for those seeking to enhance their digital asset portfolios. Empowering Users with Active Liquidity Management A standout feature of Synthswap is its pioneering concept of Active Liquidity Management, a groundbreaking innovation available exclusively within the Base ecosystem. This dynamic mechanism empowers liquidity providers (LPs) to seamlessly uphold their holdings within predetermined price ranges, adeptly navigating the challenges posed by market price fluctuations. Synthswap’s automated rebalancing of liquidity positions ensures that even as prices shift, LPs continue to accrue fees, safeguarding a consistent and reliable income stream. This innovative approach cements Synthswap’s position as a trailblazer in optimizing liquidity provision for LPs, providing enhanced stability and confidence in a rapidly changing market landscape. Decentralized Governance for Community Empowerment Synthswap is dedicated to nurturing a strong sense of community ownership. Central to its philosophy is a robust decentralized governance model, which empowers users to directly influence pivotal decisions regarding the platform’s evolution. By utilizing Governance Voting, Synthswap places the reins of control in the hands of its community, underscoring its integral role in shaping the trajectory of its future. This collaborative approach ensures that Synthswap remains not just an innovative exchange but also a thriving ecosystem shaped by its users’ collective vision and wisdom. A One-Stop DeFi Solution Synthswap aspires to be the go-to DeFi project on Base, serving as a comprehensive one-stop shop to fulfill all users’ DeFi needs. Its product suite includes a Standard AMM, Concentrated Liquidity AMM, Yield Farms, Staking, Launchpad, and the unique advantage of Futures and Perpetual Trading with leverage. This diverse offering positions Synthswap at the forefront of the DeFi revolution. Security is paramount within the DeFi ecosystem. Demonstrating its unwavering commitment, the platform has undergone a meticulous audit by esteemed crypto firm PeckShield, a testament to its dedication to the highest security standards. The audit report is accessible here. Additionally, the initial liquidity provided for the SYNTH token is securely locked, underlining Synthswap’s proactive stance in ensuring platform stability. About Base: Pioneering Decentralization Synthswap’s launch is a significant milestone within the broader Base ecosystem, an Ethereum Layer 2 solution incubated within Coinbase. With a focus on decentralization as the cornerstone of an inclusive and globally accessible crypto-economy, Base provides a secure, cost-effective environment for the next generation of blockchain enthusiasts. Synthswap’s innovative approach, underpinned by Concentrated Liquidity and Active Liquidity Management, marks a turning point in DEX platforms. As Synthswap redefines liquidity provision and community engagement, it stands as a testament to the transformative potential of decentralized finance within the Base ecosystem. For media inquiries, please visit: Website: www.synthswap.io Twitter: https://twitter.com/SynthswapDEX

Shibarium, Shiba Inu’s Ethereum layer 2, conquered initial launch’s glitches and doubts Shibarium has more than 66,797 wallets and processed 363,219 transactions. Shiba Inu’s Ethereum layer 2 solution, Shibarium, has been relaunched after an initial public release marred by technical glitches and widespread FUD. After its initial launch on August 16th, the project has successfully overcome its initial obstacles, with the network now demonstrating impressive growth and potential. (Source: Shibariumscan) The initial launch of Shibarium was met with a mix of excitement and skepticism. The open-source version of Blockscout, which Shibarium employs as its blockchain explorer, faced technical errors and backlash from the crypto community. Furthermore, the absence of massive servers for support raised concerns about its stability and scalability. Shibarium Network Reaction Following its launch on August 16, Shibarium has grabbed huge attention from the community. According to Shibariumscan, the network’s monitoring tool, the average block time was a mere 5 seconds. Interestingly, due to the increase in total transactions, there was a notable dip in the daily transaction graph, sparking curiosity within the crypto community. However, despite the initial setback, the team persevered (preserved what?). Prior to the relaunch, Shibarium managed to amass a user base of over 65,000 wallets and 350,000 transactions. These figures provided a solid foundation upon which the project aimed to build its renewed success. Shibarium Network Activity (Shibariumscan) Upon the reactivation of the explorer, Shibarium had achieved an even more substantial milestone. At the time of writing, the number of wallets on Shibarium has surged to an impressive 66,797. That is accompanied by an impressive 363,219 total transactions. In a statement addressing the challenges faced during the initial launch and the subsequent success of the relaunch, the Shibarium team extended their gratitude to the Polygon team. The Polygon team’s prompt response and assistance were pivotal in turning the situation around. According to CoinMarketCap, Shibarium’s native token Bone ShibaSwap (BONE) experienced a 2.72% decline in the past 24 hours, trading at $1.34. Still its daily trading volume surged by 40% to reach $11 million. Share your thoughts on Shibarium’s sustainability by tweeting us at @The_NewsCrypto. Recommended for you Bone Shibaswap (BONE) Price Prediction 2023

In a new blog post today, Shytoshi Kusama, the lead developer of Shiba Inu, announced that Shibarium is now live and scaling optimally. Kusama stated, “Shibarium is LIVE and operating well! Now that we’ve proven that all funds are safu (as we said), and that Shibarium is ready for prime time, we will reopen our channels.” As per the latest statistics, the network has already amassed over 65,000 wallets and has processed 350,000 transactions. The diversity of tokens deployed on Shibarium is evident, with Kusama noting a mix of “fun, unusual, and sometimes offensive tokens.” He optimistically added, “Within these thousands of tokens, we will see which will rise to the top.” Kusama also took a moment to reflect on the resilience and determination of the Shiba Inu community, quoting Ryoshi, “Those who build in the bear market, will win in the bull market.” He expressed profound gratitude to the Polygon team, specifically mentioning Sandeep Naiwal, for their unwavering support during challenging times. “Quickly after the incident began, I called Sandeep from Polygon directly and without a second thought, he helped provide additional resources to ensure a perfect outcome to the situation,” Kusama revealed. The SHIB lead dev also highlighted that it is by design that the SHIB, Leash, WEth withdrawals through the bridge take at least 2 checkpoints (45 minutes to 3 hours), and BONE withdrawal will take up to 7 days. According to data from Shibariumscan.io, the network processed 132,739 transactions on August 25, marking its highest activity since its public restart on August 24. However, the network did experience a decline in transactions over the weekend, recording 78,870 transactions on Saturday and 40,433 on Sunday. It’s worth noting that Shibarium’s initial launch on August 16 encountered issues that halted block production. However, the team appears to have resolved these issues, setting the stage for what could be a transformative period for the Shiba Inu ecosystem. SHIB Price Analysis The Shiba Inu token (SHIB) has been on a rollercoaster ride, especially in the wake of Shibarium’s initial troubled launch. After reaching a 4-month high of $0.00001134 on August 12, the token’s price plummeted. Currently, SHIB is trading below all major daily moving averages, with the 50-day EMA acting as a formidable resistance level. Over the past 11 days, there have been three failed attempts to break above the 50-day EMA. This has led to a series of five red daily candles, indicating bearish sentiment. Most recently, SHIB fell below the 61.8% Fibonacci retracement level at $0.00000805. At press time, SHIB stood at $0.00000795. The relaunch of Shibarium could serve as a catalyst for SHIB’s price. With new use cases and potential for increased SHIB burns, the bulls may find new strength in the coming days. However, the path to recovery is fraught with resistance levels that need to be overcome. These include the 61.8% Fibonacci level at $0.00000805, the area between the 100-day EMA at $0.00000867 and the 50% Fibonacci level at $0.00000869, and further up, the 200-day EMA at $0.00000932 and the 38.2% Fibonacci level at $0.00000931. In summary, while the successful relaunch of Shibarium is a positive development, SHIB’s price has multiple hurdles to clear before a bullish trend can be confirmed. The coming days will be crucial in determining whether Shibarium’s operational success can translate into upward momentum for SHIB.

In the aftermath of the crypto market sell-off, BONE/USD currently trades at $1.31 in the last 24 hours, with a trading volume of $8.8 billion. This marks an over 11% price increase in the last seven days. If the Bone Shiba swap continues following the current market trends, the coin will soon hike to 20% next week. A significant recent event that has piqued the interest of investors and enthusiasts is the relaunch of Shibarium, the decentralized exchange tied to BONEUSD. This relaunch has breathed new life into the BONE ecosystem, contributing to a surge in transaction volumes and a positive trajectory in its price. This development underscores the importance of ecosystem expansion and community engagement in driving cryptocurrency value. Technical Analysis: Decoding The Trends In the case of BONEUSD, most technical indicators are bullish on BONEUSD; the 50-day moving average (MA) is pivotal in assessing the mid-term trend. Currently trading above this MA, BONEUSD indicates positive momentum. Notably, the short-term 20-day MA has crossed over the 50-day MA, a potential harbinger of a bullish trend. The Relative Strength Index (RSI) hovers around 46.63 in the neutral zone, signaling that the market can go either way. RSI values exceeding 70 imply overbought conditions, while those below 30 suggest oversold conditions. The current RSI level indicates a balanced market sentiment. The Moving Average Convergence Divergence (MACD) histogram is in positive territory, hinting at the potential continuation of an upward trajectory. The signal line positioning above the MACD line also bolsters the case for potential price gains. Drawing insights from technical indicators and recent market performance, BONEUSD is poised in a promising position. The alignment of moving averages points to a possible bullish trend, while the RSI reinforces a balanced sentiment. The positive MACD histogram amplifies the argument for potential price appreciation. This convergence of indicators underscores the optimistic prospects for BONEUSD. Immediate support for BONEUSD is discernible at $1.13 and $1.070, while resistance levels are present at $2.06 and $1.7640. These markers serve as indispensable guides for traders aiming to optimize their entry and exit points, enhancing their potential gains. The Ecosystem And Community Factor: Catalysts For Growth BONEUSD’s recent surge in transaction volumes and the Shibarium relaunch engender confidence in the coin’s momentum. Moreover, the strong involvement of the Shiba Inu community and the increasing trend of meme-inspired tokens like BONE have the potential to breathe new life into its upward momentum. It’s important to consider the impact of community excitement and advancements in the ecosystem, as these factors can significantly shape the path of a cryptocurrency’s progression. It’s essential to remember the crypto market is notorious for its volatility. Despite favorable indicators and promising developments, external factors can substantially influence prices. As with any investment, conducting thorough research before making any financial commitments is always advisable. In conclusion, Bone ShibaSwap (BONEUSD) has recently exhibited positive price movements, buoyed by encouraging technical indicators and heightened transaction volumes. While historical performance doesn’t guarantee future results, the prevailing market sentiment and community engagement could contribute to BONEUSD’s continued upswing in the near term.

Ethereum price is struggling to clear the $1,670 resistance against the US Dollar. ETH could start another decline if it breaks the $1,640 support. Ethereum is struggling to rise above the $1,660 and $1,670 levels. The price is trading below $1,660 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below $1,670 for a few more sessions. Ethereum Price Turns At Risk Ethereum’s price started a recovery wave above the $1,640 level. However, ETH price seems to be struggling to rise above the $1,660 and $1,670 levels, like Bitcoin. It is now showing bearish signs below the $1,670 level but also holding the 50% Fib retracement level of the key increase from the $1,580 swing low to the $1,698 high. Ether is also trading below $1,660 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD. If the price stays above the $1,640 support zone, the bulls could attempt a fresh increase. Source: ETHUSD on TradingView.com On the upside, the price might face resistance near the $1,660 level and the trend line zone. The next resistance is near the $1,670 level. A close above the $1,670 level might send the price toward the $1,700 pivot zone. The next major resistance is near the $1,720 level, above which the price could rise toward the $1,780 level. Any more gains might send the price toward the $1,850 resistance. More Losses in ETH? If Ethereum fails to clear the $1,670 resistance, it could continue to move down. Initial support on the downside is near the $1,640 level. The first major support is near the $1,620 zone or the 61.8% Fib retracement level of the key increase from the $1,580 swing low to the $1,698 high. The next key support is close to $1,580. If there is a downside break below $1,580, the price could accelerate lower toward the $1,500 level. Any more losses might send the price toward the $1,440 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,620 Major Resistance Level – $1,670

Bitcoin Cash price recovered from the $160 zone against the US Dollar. BCH might aim a fresh rally toward the $240 and $250 levels. Bitcoin cash price is consolidating above the $180 level against the US Dollar. The price is trading below $200 and the 100 simple moving average (4 hours). There is a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate higher if it clears $195 and $200. Bitcoin Cash Price Prepares For The Next Move After a strong decline, Bitcoin Cash price found support near the $160 level. BCH traded as low as $160.90 and recently started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $175 and $180 resistance levels. There was a break above the 23.6% Fib retracement level of the downward move from the $237 swing high to the $160 low. The price is now trading in a range above the $190 level. Bitcoin Cash is now trading below $200 and the 100 simple moving average (4 hours). There is also a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH/USD pair. Immediate resistance is near the $200 level, the channel zone, and the 100 simple moving average (4 hours). The next major resistance is near $220 or the 76.4% Fib retracement level of the downward move from the $237 swing high to the $160 low. Source: BCH/USD on TradingView.com Any further gains could lead the price toward the $240 and $250 resistance levels in the near term. The next major hurdle is near the $265 level. Dips Supported in BCH? If Bitcoin Cash price fails to clear the $200 resistance, it could start a fresh decline. Initial support on the downside is near the $185 level. The next major support is near the $180 level, where the bulls are likely to appear. If the price fails to stay above the $180 support, the price could test the $170 support. Any further losses could lead the price toward the $160 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level. Key Support Levels – $185 and $180. Key Resistance Levels – $200 and $220.

Bitcoin price is stuck in a tiny range above the $25,900 support. BTC could start a decent increase if there is a close above $26,200 and then $26,500. Bitcoin is struggling to clear the $26,500 resistance zone. The price is trading below $26,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt a fresh increase if it clears $26,150 and $26,200. Bitcoin Price Eyes Fresh Increase Bitcoin price tried to settle above the $26,500 resistance level. However, BTC failed to stay above $26,500 and started a fresh decline. There was a move below the $26,250 pivot level. The price declined below the 50% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. It seems like the price is now stuck in a tiny range above the $25,900 support zone. Bitcoin is now trading below $26,200 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $26,100 level, the trend line, and the 100 hourly Simple moving average. The first major resistance is now near the $26,200 level, above which the price might rise toward the $26,500 resistance. Source: BTCUSD on TradingView.com To start a strong increase, the price must settle above the $26,500 resistance. In the stated case, the price could test the $27,000 level. Any more gains might set the pace for a larger increase toward $27,800. More Losses In BTC? If Bitcoin fails to clear the $26,200 resistance, it could continue to move down. Immediate support on the downside is near the $25,900 zone or the 61.8% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. The next major support is near the $25,400 level. A downside break below the $25,400 level might push the price further lower. In the stated case, the price could drop toward $24,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $25,900, followed by $25,400. Major Resistance Levels – $26,200, $26,500, and $27,000.

Indian Prime Minister Narendra Modi proposes a unified global framework for regulating cryptocurrencies. PM Modi acknowledges the rapid pace of technological advancements. India’s PM’s plea for a unified approach extends to crypto regulations, drawing parallels with universal aviation regulations In a significant announcement at the G20 summit, Prime Minister of India, Narendra Modi advocated for a global framework to regulate the rapidly evolving cryptocurrency landscape. PM Modi’s proposal emphasizes the need for a unified approach that transcends individual national boundaries, echoing the sentiments expressed in a series of tweets by crypto commentator Keyur Rohit. Recognizing the swift pace of technological progress, PM Modi underscores the importance of embracing and harmonizing these advancements rather than shunning or resisting them. This stance reflects his acknowledgment of the transformative potential of cryptocurrencies and blockchain technology in shaping the future global financial landscape. PM Modi’s call for a unified approach extends to crypto regulations, advocating for a consensus-based global model. Drawing parallels with the aviation industry’s adherence to universal regulations, he suggests that a similar international consensus could provide a stable foundation for crypto’s growth. PM Modi emphasizes the significance of regulations that take into account the unique concerns of the Global South and emerging markets. He stresses that a comprehensive perspective, extending beyond merely ensuring financial stability, is essential for crafting effective regulatory measures. G20’s Role and India’s Contribution Under India’s leadership within the G20, the discussions around cryptocurrencies have expanded to encompass their impact on emerging economies and markets. The G20’s consensus on crypto regulations not only offers guidance to standard-setting bodies but also reflects a collaborative effort to address the challenges and opportunities presented by the crypto sector. During its G20 presidency, India played a proactive role by organizing seminars and discussions dedicated to cryptocurrencies. These efforts provided participants with deeper insights into the intricacies of the crypto realm, fostering a more informed understanding of this evolving asset class. Rather than taking an adversarial approach, he advocates for a collaborative, global effort in shaping regulations that will ensure the responsible growth and integration of cryptocurrencies within the broader financial ecosystem.

Pepe has been rocked by allegations of a $16 million fund removal. The scandal arrives at a challenging time for Pepecoin, which was already grappling with a difficult market environment. The Pepecoin incident sheds light on the risks associated with meme coins and their governance structures. Over the weekend, the cryptocurrency market witnessed an unexpected twist as Pepe coin took center stage for all the wrong reasons. The coin, known for its meme-inspired origins, found itself embroiled in a scandal involving allegations of massive fund removal by former team members. This incident has not only cast a shadow over Pepecoin’s reputation but has also triggered a significant ripple effect across the market. Former team members of Pepe Coin are facing accusations of removing a staggering $16 million from the project’s wallet. This action, which has been met with shock and disbelief within the crypto community, has swiftly transformed Pepecoin into one of the most talked-about assets in the market. The removal of such a substantial amount of funds from a relatively small and illiquid asset like Pepecoin is considered highly detrimental, exacerbating the challenges the coin already faces. Impact on Pepe Coin’s Reputation and Price Pepe Coin’s reputation has taken a severe hit due to this scandal, diverting attention from its performance and innovative potential. The incident has not only raised concerns about the coin’s internal governance but has also heightened its already notorious volatility. With such a significant fund removal, the market anticipates even more erratic price movements for Pepecoin in the near future. The timing of this scandal couldn’t have been worse for Pepe Coin. The asset was already grappling with a challenging market environment, having reached its bottom on June 16. This setback effectively wiped out any gains the coin had managed to accumulate over the summer. The recent fund removal has further compounded Pepecoin’s struggles, making the road to recovery an uphill battle. Beyond Pepe Coin’s individual turmoil, this incident sheds light on the potential risks associated with meme coins and their high volatility. While meme coins can offer lucrative opportunities, they also come with substantial risks, especially when governance structures are shaky. The Pepecoin scandal serves as a stark reminder that even in a speculative market, factors such as trust, transparency, and responsible governance play a crucial role.

The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project’s use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws. The unique method of collecting biometric data without clear consent has prompted discussions on legality and ethics. Regulatory bodies are closely examining the project’s compliance with privacy regulations, highlighting the challenges of balancing innovation with legal and ethical standards. The value of biometric investments made through Worldcoin’s crypto-based “free money” promise has decreased by half since its launch. This decline can be attributed to the growing concerns about the project’s data collection and the unease it caused regulators. Why Is Worldcoin Token Crumbling? Based on information provided by CoinMarketCap, the current trading value of the WLD token stands at $1.28, at the time of writing. This figure signifies a substantial decline of 53% from its initial peak price of $2.71 on the day of the project’s launch. The day after WLD’s Binance listing, on July 25, it traded for $2.456. As of Friday morning, the token’s price had decreased from that time to $1.317. Given that several altcoins and cryptocurrencies recently had market crashes followed by recoveries within a few weeks, this is a big decrease for a token. Related Reading: Tron Reverses August Slump As TRX Open Interest Climbs According to data from CoinGecko, the price of WLD has decreased from slightly under $2.50 at the start of August to roughly $1.31 as of August 25. That represents a 44% decline in the previous 30 days, and if it keeps going in the wrong direction, WLD’s price will go to single digits in the next 30 days. Ongoing investigations by authorities in various countries around the world have dealt a heavy blow to the price of the WLD token. The project’s goal of establishing decentralized user identities has raised alarm bells because of its eye-ball scanning and biometric data collection. This process potentially breaches national data protection laws, leading to investigations in Germany, France, and the United Kingdom. The Euphoria Quickly Faded Worldcoin reported 2 million sign-ups for World ID and distributed 43 WLD tokens during its launch. Altman promoted iris scanning, but the initial excitement waned. Early scanners received 25 WLD valued at $60, now reduced to around $30. Early investors could have lost half their investment, while short sellers profited from Worldcoin’s decline. Meanwhile, in the last 30 days, WLD’s social volume and social dominance have decreased by a whopping 95% and 74%, respectively, according to on-chain data source Santiment. This denotes a sharp decline in the project’s hype. Worldcoin’s original white paper outlined its aspiration to participate in global competition, provide funds to those without financial resources, and offer banking services to those currently without access to traditional banking systems. It appears that ambition will demand more than mere lip service at this point. (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 Nation Media Group

In the rapidly evolving world of cryptocurrencies, Toncoin (TON) has recently emerged as a focal point of discussion due to its notable price surge of over 8% within the past week. This increase has ignited renewed interest in cryptocurrency and sparked inquiries regarding the coin’s potential for sustained growth in the foreseeable future. At the time of writing, Toncoin (TON) boasts an impressive price of $1.46, securing its position as the 14th largest cryptocurrency by market capitalization, around $5 billion USD. Toncoin Technical Analysis Taking a technical perspective, Toncoin’s price chart reveals several interesting developments worth noting. The Relative Strength Index (RSI) currently sits at 58.29, suggesting a balanced interaction between buying and selling pressures. This indicates that the market is in a relatively neutral state. However, the RSI’s upward trend over the past week suggests that bullish sentiment among traders is strengthening. The MACD Level (12, 26) at 0.0287 further supports the bullish sentiment with a buy indication. Additionally, the Momentum (10) at 0.0417 reinforces the positive momentum, indicating an opportunity for further upward movement. From a short-term perspective, the moving averages paint an encouraging picture. The crossover of the 50-day moving average (MA) above the 200-day MA suggests a shift in momentum from bearish to bullish. This crossover is generally considered a positive signal, adding to the optimistic outlook for Toncoin. Examining Toncoin’s performance over the past months reveals a nuanced story. While the cryptocurrency has shown resilience, recording a gain of 8.83% in the last week and 8% over the past month, it’s crucial to acknowledge its previous downward trend. Toncoin experienced a significant decline of 25.90% in the last three months and an even more pronounced drop of 40.74% in the last six months. These figures underscore the inherent volatility associated with Toncoin’s market movements. More Gains Ahead? In light of prevailing market sentiment and recent price actions, investors are presented with multiple potential scenarios. The bullish momentum witnessed in the short term may persist, particularly if the bullish crossover of the MACD indicator gains additional strength. However, a prudent approach is warranted, given the cryptocurrency’s history of significant downturns. It is advisable for traders to meticulously monitor critical support and resistance levels to make well-informed decisions. Based on the current technical analysis, Toncoin (TON) is experiencing a positive phase, with indicators such as RSI, Stochastic, CCI, and moving averages reflecting a neutral to bullish stance. The market momentum and MACD level also point toward a potential upward movement. However, as with any financial asset, there are inherent risks, and market conditions can change rapidly. Staying informed and employing risk management strategies are crucial when navigating the cryptocurrency market.

The value of PEPE, one of the most promising assets in the second quarter of 2023, has been faltering in recent weeks. According to CoinGecko data, the meme coin has been in a 33.6% price decline in the last 14 days. The PEPE price took a significant hit in the past week, tumbling by more than 20% in a matter of hours. This negative price action was triggered by the rumors of a rug pull orchestrated by the project deployers. On Thursday, August 24, about $16 million worth of Pepe tokens were moved from the developers’ multi-sig wallet to various crypto exchanges, spreading FUD (fear, uncertainty, and doubt) across the community. The team behind the meme coin has now published an announcement, addressing the community on what happened in the past few days. ‘Three Rouge Ex-Team Members Responsible For $16 Million Withdrawal’ On Saturday, August 26, one of the anonymous developers behind the Pepe project shed more light on the mysterious $16 million withdrawal from the project’s multi-sig wallet via a post on the official X (formerly Twitter) account. According to the team member, three ex-team members initiated a series of unexpected withdrawal transactions and transferred the “stolen” Pepe tokens to various crypto exchanges. A part of the community address explained: The anonymous developer established that these former members have been difficult to work with since the inception of the Pepe project. “There has often been conflict, and the majority of the team involved in $PEPE creation started to distance themselves after the first week of project inception”, they said. While apologizing for the inconvenience and losses caused by the “bad actors,” the project member claims that the remaining 10 trillion Pepe tokens in the multi-sig are “safe” and out of the reach of “nefarious” ex-team members. Unsurprisingly, the online crypto community had mixed reactions to the project developer’s address. While some individuals seemed convinced by the team member’s account, others raised questions about the sincerity of the claims. PEPE Jumps By Nearly 10% – Is A Recovery On? The value of PEPE reacted positively to this address, surging by about 9.6% to reach $0.000000956641. Although it has experienced some correction, the meme coin’s price is still well (roughly 9%) above its seven-day low of $0.000000824545 reached in the early hours of Friday, August 25. As inferred earlier, panic-induced selling was primarily responsible for the recent PEPE price crash. With confidence seemingly restored, investors will likely be banking on a price recovery. Fortunately, the daily Relative Strength Index (RSI), an indicator that tracks the balance between the buying and selling pressure of a token, is in the oversold zone for the first time ever. When in the oversold region, the RSI often signals that a trend reversal is on the horizon. According to CoinGecko data, PEPE currently trades at $0.000000898317, registering a 1.4% price jump in the last 24 hours. With a market cap of roughly $375.9, the meme coin is the 97th-largest cryptocurrency on the market.