In the fast-paced and ever-evolving world of finance, cryptocurrencies have emerged as a revolutionary force, captivating the imagination of investors and tech enthusiasts alike. Among the multitude of digital assets, several cryptocurrencies have been making waves in the market, especially during challenging moments. Let’s dive into the captivating world of cryptocurrency to explore the top 10 cryptocurrencies that have the potential to ignite the global crypto market in August 2023 and unravel the trends propelling their growth. Bitcoin (BTC) Bitcoin (BTC), the oldest gem in the market which was created in 2009 by Satoshi Nakamoto. Bitcoin’s price has skyrocketed as it’s become a household name. In Jan 2017, one Bitcoin was about $1014. As of July. 27, 2023, a single Bitcoin’s price was around $29,278. That’s a growth of more than 3000%. At the time of writing, Bitcoin traded at $29,274.74 with a market cap of $569 billion, which is 48.2% of the market share. Bitcoin (BTC) Price Chart (Source: Tradingview) The BTC daily price chart indicates that the current price action has dropped below the short-term 50-day exponential moving average (50 EMA), signaling an attempt to enter a bearish state. The moving average currently stands at $29,470. Also, taking the daily RSI into account, it is evident that BTC has fallen below the neutral zone (at 43). If BTC crosses its resitance level of $29947 it may reach $30,374 soon. Ethereum (ETH) Ethereum (ETH), is a smart network and the second largest cryptocurrency. In Febrary 2027, one ETH was $10 now one ETH valued at $1,871. Ethereum (ETH) Price Chart (Source: Tradingview) At the time of writing, Ethereum (ETH) traded at $1,871. The ETH daily price chart indicates that the current price action has nears the short-term 50-day exponential moving average (50 EMA), signaling an attempt of correlation. The moving average currently stands at $1,873. Also, the daily RSI shows ETH nears to the buy zone (at 48). If ETH crosses its resistance level of $1,917 it may reach $2,018 soon. XRP (XRP) Ripple (XRP) showed its strong growth after a year following the Ripple partial victory against the SEC. XRP (XRP) Price Chart (Source: Tradingview) At the time of writing, XRP traded at $0.7087. The XRP daily price chart indicates that the current price action has nears the short-term 50-day exponential moving average (50 EMA), signaling an attempt of correlation. The moving average currently stands at $0.717. With a neutral RSI zone (57), crossing its resistance level of $0.9427 may propel it to reach $1.3663. Binance Coin (BNB) The world’s largest crypto exchange Binance native cryptocurrency BNB has attracted investors with its multi chain capabilities. Also, It is one of the most traded tokens in the world. Binance Coin (BNB) Price Chart (Source: Tradingview) At the time of writing, BNB traded at $241.97, displaying a bullish attempt above the 50 EMA, and could potentially reach $364 if it surpasses the resistance level of $299. Dogecoin (DOGE) Originally created as a joke, Dogecoin has become a significant player with a market cap of over $10 billion. It currently trades at $0.07811, signaling a potential bullish state as it surpasses the 50 EMA, with a neutral RSI zone (62.83). Crossing its resistance level of $0.09667 may lead to $0.13152. Dogecoin (DOGE) Price Chart (Source: Tradingview) Cardano (ADA) Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. By eliminating the competitive, problem-solving part of transaction verification found in platforms such as Bitcoin, this solution minimizes transaction time, energy usage, and environmental effect. Cardano (ADA) Price Chart (Source: Tradingview) At the time of writing, Cardano traded at $0.3103. The ADA daily price chart indicates that the current price action has soared above the short-term 50 EMA, signaling an attempt to enter a bullish state. The moving average currently stands at $0.3095. Also, the daily RSI shows that Cardano stands in the neutral zone (at 52.41). If ADA crosses its resistance level of $0.3029 it may reach $0.4140 soon. Solana (SOL) Solana, which was created to support decentralized financial (DeFi) applications, decentralized apps (DApps), and smart contracts, is based on a unique hybrid proof-of-stake and proof-of-history method that allows it to process transactions rapidly and safely. The platform is powered by SOL, Solana’s native cryptocurrency. Solana (SOL) Price Chart (Source: Tradingview) SOL trades at $25.12, showcasing potential bullishness above the 50 EMA, with a neutral RSI zone (58.78). Breaking its resistance level of $48.92 may lead to $81.96. Litecoin (LTC) Litecoin (LTC) is a cryptocurrency known for its emphasis on fast, secure, and low-cost transactions, utilizing the potential of blockchain technology. As the Litecoin halving approaches, there is anticipation for a potential price rally. Litecoin (LTC) Price Chart (Source: Tradingview) At present, Litecoin is trading at $91.13. The daily price chart indicates a decline below the short-term 50 EMA, suggesting a possible bearish phase. The moving average currently stands at $91.40. The daily RSI is approaching the neutral zone at 46.91. Should Litecoin cross its resistance level of $97.54, it may potentially reach $134. Polygon (MATIC) Polygon (MATIC) stands out as the first user-friendly platform for Ethereum scaling and infrastructure development. The upcoming launch of Polygon 2.0 with the native currency transfer of POL adds to its appeal. Polygon (MATIC) Price Chart (Source: Tradingview) As of now, Polygon is trading at $0.7114. The daily price chart shows a nearness to the short-term 50 EMA, indicating a possible correlation. The moving average currently stands at $0.7257. The daily RSI hovers around the neutral zone at 46.91. In case MATIC crosses its resistance level of $0.9800, it may potentially reach $1.2782. Shiba Inu (SHIB) Shiba Inu (SHIB) stands as the second-largest meme coin in the market, transitioning into a utility token. The SHIB Army eagerly awaits the launch of its layer 2 blockchain, Shibarium. Shiba Inu (SHIB) Price Chart (Source: Tradingview) As of the latest data, Shiba Inu is trading at $0.000008317. The daily price chart reveals that the current price action has surged above the short-term 50-day exponential moving average (50 EMA), suggesting a potential bullish trend. The moving average currently sits at $0.00000797. With a daily RSI indicating a neutral zone at 63.04, Shiba Inu’s price may see further growth if it crosses its resistance level of $0.00000804, potentially reaching $0.00000968 soon.

XRP has been one of the trending tokens following the summary judgment which ruled that the token was not a security, giving its parent company, Ripple, a ‘partial victory’ over the United States Securities and Exchange Commission (SEC). That event saw XRP’s price soar to about $0.93. However, XRP’s price seems to have cooled off, settling at the $0.7 price mark. Despite this, there still seems to be bullish sentiment around XRP’s future price, which is why this Machine Learning tool was consulted to predict XRP’s price. Here’s What It Said PricePredictions.com, a site powered by an advanced machine learning algorithm that provides current and futuristic trends about several tokens, was consulted in a bid to get an insight into XRP’s future price and to better position themselves in case of a rally by the token. According to XRP’s futuristic price action, the AI tool forecasts that there will be an upward trend that will see XRP gain about 1.5% in value from its current price of $0.7. It has also been projected that XRP will hit the price mark of $0.71 by August 26, 2023. For insight into how the machine learning tool works, the algorithm analyzes current technical analysis (TA) indicators, like moving average convergence divergence (MACD), average true range (ATR), relative strength index (RSI), and Bollinger Bands (BB) to come up with a logical price forecast. XRP Has Come A Long Way Ripple Lab’s aforementioned victory over the SEC undoubtedly sparked significant interest in XRP, especially from institutional investors, seeing the token rise above Circle’s USDC and Binance’s BNB to become the fourth-largest cryptocurrency by market cap. This took XRP’s market capitalization to a yearly high of $46.1 billion at the time of the ruling that it wasn’t a security (XRP’s market currently stands at around $37 billion according to data from CoinMarketCap). XRP also became the most actively traded altcoin in 2023. The token accumulated over $1 billion in trading volume, outperforming other altcoins like BNB, SOL, MATIC, and DOGE. Although XRP is still far below its all-time high of $3.84 in 2018, it has undoubtedly had an impressive market trend lately, and it is projected that many more users will continue to pick an interest in the token and ultimately promote wider adoption.

The Pair of House Members are asking Apple to explain in detail the App Store’s policies. The lawmakers have added 21 detailed questions to Apple. In the evolving crypto market, Apple Inc., the multinational technology company, has once again come under the microscope for its App Store practices. However, this time the focus is on the emerging sectors of cryptocurrency trading and non-fungible tokens (NFT). It faces legislative scrutiny over its App Store policies for Crypto trading and NFTs. On July 29, the Pair of House Members wrote a letter to Apple Inc.’s chief executive officer, Tim Cook, asking him to explain in detail the App Store’s policies and their limitations on restricting blockchain technology and cryptocurrency payments. In the letter, they added that specifically, it appears that Apple has used the App Store policies to maximize its own profit and minimize the usefulness of the app by containing NFTs and other blockchain-related technologies. Coinbase’s Accusation on Apple’s App Store Policies The lawmakers also highlighted the leading crypto exchange Coinbase’s allegation against Apple. On December 2, 2022, the exchange accused App Store of forcing it to remove the NFT transfers from its wallet app on iOS. Similarly, several NFT companies have made this accusation against it. It claims that it forced them to roll out the lite version of their apps. These continuous allegations made lawmakers concerned that Apple’s App Store policies. Moreover, it may hinder US leadership in emerging technologies like cryptocurrencies, NFTs, and other blockchain technologies. Moreover, with these, the lawmakers have added 21 detailed questions to App Store policies, to be answered by August 14, 2023. The questions are related to Apple’s access policies for data privacy and security guidance. There are also some specific questions, like whether Apple is planning to build an app using blockchain-related technology.

XRP trading volume is down 44.00%. XRP community saw 25B Palau stablecoin trust line on XRPL. XRP, the cryptocurrency associated with Ripple, finds itself at a pivotal moment as it enters Q4 with a recent legal victory against the SEC. Despite this positive development, the coin’s market sentiment appears uncertain, and trading volume has experienced a significant decline. In a recent ruling, Judge Analisa Torres declared that the XRP token is not a security, marking a monumental victory for Ripple in its legal battle with the United States Securities and Exchange Commission (SEC). This win has boosted the confidence of the XRP community, anticipating a bullish season ahead. However, despite the legal triumph, the cryptocurrency has not been immune to market fluctuations. The past month has witnessed XRP’s price volatility reaching a one-year high of $0.8206, only to plummet to $0.6804 within a week. As of the latest data, the price stands at $0.7089, reflecting a slight decline of 0.09%. Such unpredictability has kept investors on edge and contributed to the observed decrease in trading volume by 44.00%, currently amounting to $835,645,898. XRP Price Chart, Source: TradingView What Future Holds For XRP Investors ? Technical indicators also add to the uncertainty. XRP’s 50-day moving average (50 SMA) hovers precariously between bullish and bearish territory, indicating a critical point for traders. Furthermore, the Relative Strength Index (RSI) at 59 suggests that XRP is approaching overbought levels. It potentially signals a pullback in price. Meanwhile, Amid these market fluctuations, the recent news of a 25 billion Palau stablecoin trust line transaction on XRPL. It has sparked various responses within the XRP community. As investors eagerly await the final judgment that could put an end to the SEC lawsuit. Finally, With the legal cloud slowly lifting, the fate of XRP remains intertwined with regulatory clarity, ongoing market trends, and the impact of significant transactions. Investors are in caution mode and closely monitor developments to make decisions at this critical juncture.

SOL’s price rose by 2.2% in a day as per data from CMC. If the price of the token can break through $26, it may be able to reach $28. There are a number of causes behind Solana’s recent brief price surge. On July 7, Solana finally had its much-anticipated Proof-of-History fork, which included significant enhancements to the underlying network. Developers and investors now have more faith in Solana as a result of the successful fork. Solana’s DeFi activity is also picking up speed, with the total value locked lately surpassing $1.2 billion. There will be a greater need for the SOL token as more Solana DApps become available. The Solana Foundation has been working to make an impact by holding a public event, PlayGG, in San Diego last week. General Manager of Solana Games Johnny Lee anticipated the free two-day event would attract investors, the media, and local San Diego families to try out blockchain gaming in a manner that didn’t focus on crypto or NFTs. Strong Resistance at $26 Mark SOL’s price rose by 2.2% in a day, although the token has hardly moved upward during the last week. Despite the obstacles, the morning star reversal sign and a bullish pennant formation are two crucial bullish indications to keep an eye out for. These trends indicate that a successful test of the nearby resistance level at the $26 mark might pave the way for SOL to attempt a rally to the highs it hit two weeks ago. SOL is worth $25.07 at the time of this writing and has been trying to break over the $26 resistance level. If the price of the token can break through $26, it may be able to reach $28. At that price, it may have hit a ceiling. If the currency can break over this resistance, it may continue its upward trend all the way to $30. However, there is a potential for decline. If SOL can’t maintain its price above $26, it might drop below $21. If it drops below that level, it may hit $18 as well.

Earlier this month, Lovely Inu Finance, a hybrid cryptocurrency platform celebrated its second anniversary, with the launch of its native exchange, Lovely Exchange. Lovely Inu is distinguished by its comprehensive blockchain, wallet, and innovative centralized exchange. The combination of these offerings is largely responsible for its consistent expansion in the crypto industry. The exchange has recently announced that it has been officially legalized by the Panama Government. This success is a major step towards the ultimate goal of providing users with a safe, compliant, and smooth trading experience. Obtaining legal recognition from the Panamanian authorities is evidence of the firm’s commitment to transparency and regulatory compliance, and it shows that they care about providing a secure and trustworthy platform for all of its users. The Lovely Exchange promotes itself as a ground-breaking cryptocurrency exchange by promising high levels of security, a wide variety of assets, and a diverse range of specialized trading tools. Having the government officially legalize and approve its efforts to function as a trustworthy exchange is a huge endorsement. Amid rising regulatory scrutiny, compliance is very important in the cryptocurrency industry. The exchange’s newfound legalized status will let it seek out relationships with financial institutions, paving the way for more convenient fiat deposit and withdrawal methods in the future. In addition, the market may look into providing more trading options and services to meet users’ unique requirements.

Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from DeFiLlama, USDT’s market cap is up by over $480 million since the beginning of July, indicating an increasing level of adoption. Generally, the stablecoin’s total market share value has been on the rise for the majority of 2023, moving from $66.23 billion on January 1 to its current value of $83.80 billion. In tandem with USDT’s market cap growth, Into The Block also noted the token’s circulating supply is up by almost 30% year to date. Interestingly, USDT’s market growth has also been reflected in its operator’s development. Back in May, Tether Holdings Ltd published its quarterly assurance report announcing a net profit of $1.48 billion for Q1 2023, bringing its excess reserve to an all-time high of $2.44 billion. Into The Block noted that currently, Tether is well on course to surpass those profit levels in Q2 and Q3 as there is an increase in the amount of USDT being issued. Tether (USDT) Increasing Stablecoin Dominance In 2023 The general stablecoin market has recorded a major decline in 2023, losing over $12.17 billion since the start of the year. However, during this period, USDT has been waxing strong, accumulating over about $17 billion in market cap. According to data from DeFiILama, Tether’s market dominance has grown by about 19% in 2023, as the token now accounts for two-thirds of the stablecoin market. While this development is mainly driven by USDT’s impressive performance, there has also been a notable decline in the market shares of some other prominent stablecoins. For example, Circle’s USD Coin (USDC), which ranks as the second-largest stablecoin, has seen its market cap fall by a staggering 40% in 2023, with the current value now set at $26.26 billion. Meanwhile, Binance USD (BUSD), with a market cap of $3.71 billion, has shed over 77% of its market shares following an embargo on its issuance earlier this year. At the time of writing, Tether’s value remains pegged at $1. With a market cap of 83.80 billion, the stablecoin ranks as the third biggest cryptocurrency falling Bitcoin (BTC) and Ethereum (ETH) DeFi Stablecoins Gearing Up To Match Centralized Counterparts In other news, DeFi stablecoins have been rolling out some impressive upgrades as they attempt to close the gap between them and their centralized competitors. In a tweet on Friday, Into The Block highlighted some of these developments. Firstly, the MakerDAO recently hiked the DAI Savings Rate (DSR) to 3.49%, and there is the possibility of an increase to 8% in the coming weeks. Furthermore, the Frax protocol will be launching FRAX v3 in August as they look to make FRAX a fully algorithmic token, delinking its minting process from the USDC token. In addition, there is Lybra Finance which lends its stablecoin eUSD to users at an interest rate of 0%. Other DeFi stablecoins with impressive features or upgrades include Curve Finance’s crvUSD and Aave’s GHO.

Ethereum (ETH) went live on July 30, 2015, at 10.26 a.m. EST. The trading price of ETH has shown a surge of 0.74% in the last 24 hours. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is about to complete its eighth year this week, on July 30. In these eight years, the cryptocurrency has achieved a significant milestone by becoming the leading altcoin in the crypto market, and Ethereum is the most active blockchain. The Ethereum (ETH) blockchain went live on July 30, 2015, at 10.26 a.m. EST. The founding team named the first release the Frontier. Today, Ethereum is developing an ecosystem with over 1.6 million weekly active users, thousands of communities, and a $226 billion market cap. The entire crypto market is expecting the ETH price to hit a significant mark on this remarkable day with the hype around the eighth anniversary. Ethereum (ETH) Price Analysis: 24-Hour Timeframe At the time of writing, the trading price of Ethereum is $1,876, with an increase of over 0.74% in the last 24 hours. According to the data from CoinMarketCap, the daily trading volume of ETH has reached $3.6 billion, experiencing a decline of 10.64%. Ethereum (ETH) Daily Price Chart (Source: Trading View) The daily price chart shows a neutral price movement as the current price of ETH is closing near the 50-day exponential moving average (50 EMA). Moreover, according to the daily RSI, ETH is neutral and inching closer to the oversold zone. In the year 2023, the trading price of Ethereum has shown a lot of ups and downs. In April, the ETH price reached the $2K mark for the first time this year. It went higher to reach the $2120 level and stayed at the $2K mark for three days. And then, on July 14, after three months, ETH hit the $2K mark for the second time this year, making a high of $2028. The surge has been shortlived for the largest altcoin, which has been trading mostly below $2K in 2023. If the trading price of ETH experiences bullish momentum, the trading price will reach the nearest resistance of $1917 and even advance further to $2018. If it continues to decline, the downward momentum will bring it back to its low of $1818. However, the crypto community is expecting ETH to hit the significant mark for the third time on its eighth anniversary. What do you think, Will ETH show a pump? Tweet to us at… And let us know your thoughts.

Non-fungible tokens continue to play a significant role in developing the Web3 ecosystem, despite the enthusiasm around them having subsided since its peak in 2021. Unquestionably, these distinctive digital assets have been a significant force behind the NFT transformations that have taken place. Despite the wide variety of NFT collections and their accomplishments, it is crucial to recognize that some particular ones have recently been severely affected by market pressures and are now beginning to fall from their lofty positions. Consider the situation with CryptoPunks. CoinGecko discovered that of the top 11 “blue chip” NFT projects studied, CryptoPunks suffered the worst losses. Non-fungible tokens known as “blue chip NFTs” are regarded as highly precious and prestigious in digital assets. These NFTs are frequently linked to well-known and recognized producers or organizations, such as renowned artists, enduring businesses, or essential historical items. Collectors and investors widely seek after them due to scarcity, historical relevance, and the artist’s reputation that determine their value. Alarming statistics currently facing CryptoPunks are raising questions among NFT enthusiasts. These formerly well-liked digital assets have recently encountered a worrying situation, sparking disputes and disagreements among investors and fans. At the time of writing, the floor price for these NFT collections was set at 47.69 ETH. Data from NFT Floor Price shows that the collection’s value declined after reaching a high of 11,000ETH during the 2021 NFT bull market. The volume and sales of CryptoPunks have significantly decreased during the past seven days, claims OpenSea. Sales were down 60%, while volume dropped sharply by 64%. Due to their distinctiveness and variable rarity, CryptoPunks, developed by Larva Labs in 2017 and helped increase generative PFP collections, are still incredibly sought-after NFTs. CryptoPunks, regarded as art and collectibles, have generated respectable profits for their owners. CryptoPunk #5822, which sold for $23 million in February last year, was the most expensive ever. Now, in terms of the number of unique active wallets, CryptoPunks has seen a depressing reduction of about 20%, and transactions have also suffered, losing more than 32% of their values. Meanwhile, CryptoPunks’ monthly sales volume is also feeling the heat, declining precipitously since March. The NFT initiative reported sales of $30.43 million for the month, but by the end of June, those figures had substantially dropped to less than $10 million. (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 Reuters

AI (artificial intelligence) tokens were one of the most promising assets in the cryptocurrency market at the beginning of 2023. One of the major drivers of this was the launch of ChatGPT – an AI-based chatbot – in late 2022, which propelled some AI-related cryptocurrencies to substantial gains. However, the interest in this set of cryptocurrencies appears to be cooling, with data research firm Kaiko revealing a significant decline in trading activity for the AI-related tokens. Lowest Weekly Trading Volume For AI Tokens AI-related tokens registered their lowest weekly trading volume since January 2023, according to a recent data report from Kaiko. In this report, the research platform looked at the trading volume of six of the top seven AI tokens, including FET, INJ, ROSE, AGIX, RNDR, and GRT. This notable decrease in trading activity suggests a decline in attention from investors since the AI token frenzy peaked in January. And this appears to be reflected in the price performances of many AI-related cryptocurrencies. The Graph (GRT), the largest AI token in the market, was one of the top gainers at the start of 2023, surging by roughly 122% to reach a yearly high of $0.2323 on February 7. However, the price of the GRT token has since plummeted, with a 51% decline from the 2023 peak. Can ChatGPT & OpenAI Do It Again? As mentioned earlier, the surge of interest in AI tokens was partly driven by the launch of ChatGPT. However, there has not been a similar effect on the AI and big-data crypto economy following the launch of Sam Altman’s Worldcoin project and WLD token. On July 24, 2023, Altman, the CEO of OpenAI – the artificial intelligence company behind ChatGPT – rolled out his crypto product, releasing the World ID development kit and the WLD token. The WLD token soared more than 85% to reach an all-time high of $3.3 on the day of launch, according to CoinGecko data. However, the cryptocurrency’s price has declined by over 31% since hitting this peak. Although there has been enthusiasm around the launch of Worldcoin, the project – especially its technology – has also been met with some skepticism. Notably, Ethereum co-founder Vitalik Buterin voiced his concern over the project’s iris-scanning hardware and biometric data collection practices. Meanwhile, Worldcoin looks set to face some regulatory scrutiny, with the UK’s data regulator Information Commissioner Office (ICO) already making inquiries. France’s privacy regulator CNIL has also questioned the legality of the project’s biometric data collection. While the Worldcoin project and the WLD token seem to be gaining some traction at the moment, it remains to be seen how they will impact the AI and big-data crypto economy. As of this writing, the WLD token changes hand at $2.27, with a 6.8% price increase in the past day.

The Shiba Inu community anticipates a strong bull run with the Shibarium launch. SHIB and BONE tokens surge, deflationary mechanism generates optimism. In the rapidly evolving world of cryptocurrencies, the Shiba Inu ecosystem has caught the attention of investors, with the anticipated launch of Shibarium, a Shiba Inu-based layer 2 blockchain, nearing. It is set to go live in the upcoming month, promising to offer a new level of scalability and efficiency to the ecosystem. The utility tokens within the Shiba Inu ecosystem, such as SHIB and BONE, positioned them among the top gainers today with SHIB up 5.49% to $0.00000824 and BONE up 6.63% in 24h. Meanwhile, Shiba Inu trading volume has skyrocketed, witnessing a 260.57% increase and reaching $227,320,367. On the other hand, BONE has seen a 51.16% rise, with a volume of $13,136,769. This bullish momentum has been further fueled by the recent launch of ShibaSwap 2.0 and the public testing of the Shibarium and Ethereum bridge. Shiba Ecosystem With More Updates, Strong Bull Run Ahead? The Shiba Inu ecosystem has a host of other projects in the pipeline, adding to the excitement and bullish sentiment. Upcoming releases include authenticated collectibles called Shibacals, the ShibaNet platform, the Treat token, and the SHI stablecoin. Each of these projects brings its unique value proposition to the ecosystem. Also, the team confirmed that Shibarium will burn SHIB tokens after every transaction. It will lead to a continuous decrease in circulating supply. This deflationary mechanism has generated optimism among the dog community. The daily price chart of SHIB indicates a potential bullish trend in the making. With the current price action hovering just above the short-term 50-day exponential moving average (50 EMA). Priced at $29,193, SHIB is showing signs of attempting to break free from its bearish start this month. As the Shiba Inu ecosystem continues to innovate and expand, the crypto community anticipates a potential surge in value and market performance. Do you think Shiba Inu will pull off a historical bull rally?

Quant (QNT) surges 9%, displaying bullish momentum in the market. Quant (QNT) 24-hour trading volume, soaring over 158%, indicates growing interest. Quant (QNT), the leading cryptocurrency, displays a significant rally despite the prevailing global market downtrend, which was caused by various factors, including the SEC’s continuous charges against major crypto exchanges. In the last 24 hours, the Quant (QNT) price surged by over 9.62%, reaching an $111 range, marking the highest level since June 2023. Additionally, QNT has garnered significant investor interest and secured the top gainers spot on CoinMarketCap. Technical Analysis Reveals Bullish in Quant (QNT) The cornerstone of this innovation is Quant Network’s Overledger, the world’s first blockchain operating system. Overledger empowers developers to build multi-chain applications, and the Quant (QNT) token plays a vital role as it is used for accessing the network. However, in the midst of a challenging period for the cryptocurrency market, Quant (QNT) has managed to stand out with a remarkable surge in its trading price. Also, QNT has solidified its position as the 39th cryptocurrency project. Further adding to its appeal in the current market landscape. Quant (QNT) has strong short-term uptrends, indicating bullish market sentiment for this innovative cryptocurrency. At the time of writing, Quant (QNT) traded at $111.33. And holds a 24-hour trading volume of $25.6 million, which soared over 158%. Over the past week, the crypto has seen a price rally of 8.4%, reinforcing the confidence of its investors. Quant (QNT) Price Chart (Source: Tradingview) The daily price chart reveals a bullish state, as the current price action has risen above the short-term 50-day exponential moving average (50 EMA), which stands at $104. Further, the short-term bull-bear power indicates the dominance of powerful bulls, suggesting a notable uptrend. It is crucial to note that despite the recent surge, the current trading price of $111.33 represents a significant drop from its all-time high (ATH) of $428.38, recorded on September 11, 2021. Moreover, Quant has experienced a 47% decrease from its 52-week high of $208. However, the recent upward trend in price indicates a potential recovery trajectory for the coin.

The enduring allure of XRP, despite market volatility, may be evidence of its continued relevance, as it has continued to attract the interest of traders and investors equally. Even as the dust settles after Ripple’s recent victory jubilation, the cryptocurrency market remains keen on XRP. Kaiko, a provider of market data on digital assets, reports that the open interest ratio on XRP futures trades on prominent exchanges remains quite impressive. Recently, the crypto market has experienced a pervasive price reversal. Despite the pullbacks, traders’ interest in the Ripple cryptocurrency remained remarkably high, according to Kaiko. At the time of writing, XRP was in the red in all timeframes, trading at $$0.712, down a measly 0.02% in the last 24 hours, and a considerable 8.4% in the last seven days, data from crypto market tracker Coingecko shows. Given these numbers, XRP is still able to shine in another key department. XRP Community Remains Upbeat About The Crypto Kaiko shows that across numerous markets, XRP’s volume-to-open interest ratio is consistently higher than the median value. This reliability suggests that the XRP coin is actively traded in a healthy market. This percentage is significantly greater than the market average, indicating strong liquidity and sustained interest from traders and investors. On prominent exchanges, the volume-to-open-interest ratio is also used to measure trading activity. When the interest metric is high, it indicates that more purchasers and sellers are willing to trade the token, which indicates speculative interest. A favorable volume-to-open interest ratio could be a signal for market participants to trade in such a token. Ripple’s popularity on social media, as assessed by Santiment, has increased dramatically over the previous two months, reflecting the excitement surrounding the cryptocurrency. Its social dominance increased dramatically in late May and early June, peaking at over 4%. Ripple had just roughly 2% of the social market share at the time this story was published. Despite the fact that this number may appear tiny, it demonstrates that the cryptocurrency has a significant presence and impact in the crypto community as a whole. Despite the fact that Ripple appears to be a minor topic of discussion, it has managed to stand out as a formidable contender, attracting the attention of enthusiasts and experts alike and causing them to discuss it. In the ever-evolving world of cryptocurrencies, where numerous digital assets vie for attention and recognition, Ripple carved out a useful niche for itself, influencing discussions about blockchain technology and financial innovation. Strong Social Footprint Even though Ripple must contend with other well-known cryptocurrencies, the fact that it has maintained a strong social presence indicates that it has a large number of supporters and investors. Meanwhile, the loss of nearly 10% of XRP’s value over the past week appeared insignificant to some speculators. Based on figures from Santiment, the funding rate for cryptocurrencies was 0.1%. A positive reading of the funding rate indicated favorable sentiment on average. (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 Times Tabloid

Web3Conf is India’s first Chain-Agnostic conference, organized by the GirlScript Foundation. The Web3Conf is a four-day program that will occur from August 11 to 14, 2023. The conference will take place in Goa, India, and the venue will be the Novotel Goa Dona Silvia Resort. TheNewsCrypto, the Dubai-based online news publication, becomes the official media partner of Web3Conf India 2023. The media platform has partnered with the upcoming Web3 conference event. TheNewsCrypto will widely circulate the event throughout the schedule. Web3Conf is all set to welcome more than 3000 Web3 enthusiasts to Goa this year. The event aims to create opportunities for learners to strengthen their knowledge of the Web3 industry. It also has a startup pitch session, talks, and panel discussions with Web3 experts. Web3 enthusiasts can have discussions on the importance and future developments of the Web3 sector. The upcoming Web3Conf will bring some interesting keynote speakers, including Abhyudoy Das, country manager at Bybit, co-founder & CEO of Coinswitch, and many other industry experts. The event will feature the most interesting topics regarding the Web3 space. Last year, the Web3Conf event was conducted at the same time, with more than 1500 Web3 enthusiasts in Goa. The event is coming along with the Hackathon event “Hack-Web3Conf”. Moreover, the Web3Conf team has conducted many impactful events related to the Web3 Industry in different cities. Notably, the foundation conducted Web3 beginner-friendly boot camps in 52 cities in India, impacting more than 15,000 learners. About Web3Conf India Web3Conf is India’s first Chain-Agnostic conference, organized by the GirlScript Foundation. GirlScript has been supporting beginners in tech education since 2017. The foundation has helped more than 500,000 learners and has worked with more than 250 global tech companies. GirlScript also conducted a Web3 villa meetup through Web3 Meetup India in more than ten cities. Website | Twitter | LinkedIn | Instagram About TheNewsCrypto TheNewsCrypto is an online news publication serving as the one-stop portal for every Web3 and Crypto news and update since 2020. TheNewsCrypto is founded and owned by NC Global Media, a media and marketing agency headquartered in Dubai. The news portal delivers the latest crypto news, exchange news, and crypto price predictions to more than 150 global nations. Website | Twitter | LinkedIn | Instagram Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Casper (CSPR) has been making significant strides in the cryptocurrency market, attracting attention with its aim to accelerate enterprise and developer adoption of blockchain technology. As a live proof-of-stake blockchain built off the Casper CBC specification, Casper offers unique features and growth potential, drawing interest from investors and enthusiasts alike. In the past week, there has been a significant upturn in its on-chain volume. Casper has experienced a substantial price surge in the past 24 hours, with its value increasing by 4.62%. This surge has created excitement among investors, especially as the cryptocurrency has displayed steady growth over the past 7 days, gaining an impressive 14.58%. The positive price movement has generated enthusiasm and optimism among Casper investors, who are pleased with their returns during this period. As of the latest data, Casper (CSPR) is ranked 84th among all cryptocurrencies, with a current price of $0.04035. The circulating supply of Casper stands at 11,202,499,993, contributing to a total market capitalization of $456,309,769. The cryptocurrency’s recent performance has been particularly noteworthy, showcasing impressive short- and long-term growth. Collaboration With INX Boosts Market Sentiment A contributing factor to Casper’s recent growth can be attributed to its strategic partnership with INX, a United States-regulated broker-dealer. Casper’s equity was tokenized and listed through this collaboration, enhancing investor confidence and further supporting the cryptocurrency’s upward trajectory. This strategic move has enabled Casper to tap into new markets and expand its reach to a broader audience. Related Reading: Cardano (ADA) Price Remains Muted Despite Significant Milestones, Why? Casper’s price surge aligns with the optimistic market sentiment toward cryptocurrencies. The growing interest from institutional investors and the increasing mainstream adoption of digital assets has instilled confidence in crypto. Additionally, influential figures within the blockchain industry have shared positive views on cryptocurrencies, including Casper, contributing to the overall positive outlook. Casper (CSPR) Price Analysis Casper has experienced a consistent upward trend in July after it bottomed at $0.0365. Since then, its price has increased by 30% and has hit heights of $0.0405. This positive trend is likely to continue in the coming weeks with more developments expected to be deployed on Casper. From a technical analysis standpoint, Casper exhibits promising signals. The daily chart reveals the formation of a bullish falling wedge pattern, indicating a potential trend reversal. CSPR has also surpassed the 25-day exponential moving average and is currently testing the 50-day MA. If the bullish trend continues the next resistance point is $0.40 while a bearish downturn will see the support at $0.0397. Related Reading: Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week As Casper continues to gain visibility and traction in the market, its future growth potential remains promising. The cryptocurrency’s underlying technology, including its proof-of-stake consensus mechanism, offers scalability, security, and energy efficiency. These features position Casper as an attractive enterprise adoption and long-term development candidate. (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 iStock, chart from TradingView

Cardano (ADA) has been at the forefront of network development over the last few months. This continued commitment to further development on the blockchain has led to the network hitting multiple new milestones. However, the price of ADA has remained stagnant, so what’s going on? Latest Achievements For Cardano The year 2023 has been a good year for the Cardano network so far as it has celebrated multiple achievements during this time. The first of these is the fact that the Cardano network has recorded one of the longest uptimes of any blockchain in the space. Cardano has recorded a continuous uptime record of 2,131 days as of July 28, which means that the network has not had an outage in almost six years. This achievement points to the sound technology behind the blockchain, in comparison to competitors such as Solana which has been characterized by multiple outages since its launch. Another achievement for the network has the consistent development taking place. Cardano has consistently ranked among the top 3 ecosystems when it comes to development and this time around has been no different. According to data from the on-chain tracker Santiment, the network is number 3 on the list of assets with the most developments over the last 30 days. This puts it behind only Polkadot (DOT) and Kusama Network (KSM), both of which emerged 1st and 2nd, respectively. This placement also puts Cardano ahead of its largest competitor Ethereum in terms of development. But Why Is ADA Not Reflecting The Achievements? Usually, when a network such as Cardano is recording such achievements as it has, it is reflected in the price of its native in the form of a rally. However, there has been no such performance from ADA. Rather, the altcoin has been shedding its gains since June. The problem may not be from ADA and might stem from the fact that the crypto market just reverted into another bear market trend. As a result, the broader market has been following the movement of Bitcoin, which on its own has reversed toward the low $29,000s. Given Cardano’s developments, if the market were to resume its rally, then ADA may emerge as one of the top performers. This would stem from the positive sentiment surrounding the token due to its significant achievements. Meanwhile, ADA is still performing well on a broader scale. At its current price, the digital asset’s price is up over 40% from its June lows, and ADA holding a good chunk of these gains shows that demand is rising to meet supply, thereby steadying the price.

Despite a favorable ruling as a non-security token, XRP had experienced a correction for over a week and a half, losing bullish momentum after reaching a yearly high of $0.94. It is trading above the $0.70 mark, with the $0.66 level acting as a support. Over the past 24 hours, XRP has exhibited sideways trading yet shows potential signs of price appreciation. The technical analysis indicates a leaning toward bullish sentiment, with positive buying strength, demand, and accumulation. Even though the emergence of a pattern suggesting further bullishness is possible, it remains critical for XRP to maintain support at $0.66 and $0.56 levels. Additionally, breaking through critical resistance levels is essential for the bulls to retain market control. Encouragingly, the altcoin’s market capitalization has increased, signaling a positive development for the altcoin. XRP Price Analysis: One-Day Chart When writing, the altcoin XRP was trading at $0.71. The XRP price chart shows the formation of a bullish reversal pattern known as a cup and handle. Despite this positive pattern, the coin’s true bullish potential will be determined by its ability to surpass two significant resistance levels at $0.76 and $0.84, respectively. It’s worth noting that after reaching a yearly high of $0.94, XRP encountered resistance at $0.84 twice. On the downside, if there is a decline from the current price level, XRP may find support at $0.66 and then at $0.56. Technical Analysis In recent trading sessions, the buying strength of the altcoin has shown consistency. The Relative Strength Index (RSI) has held steady around the 60-mark over the past few weeks, indicating buyers have maintained control of the price action. This positive signal suggests that the coin will attract more buyers if the price remains above the $0.66 level. Moreover, the price of XRP has remained above the 20-Simple Moving Average (SMA) line, indicating buoyant demand and confirming that buyers are actively driving the price momentum in the market. With the surge in purchasing power, the altcoin exhibits a decline in sell signals. The Moving Average Convergence Divergence (MACD) reflects changes in price momentum. Red signal bars appear below the half-line, indicating decreased sell signals. Meanwhile, the Bollinger Bands suggest a likelihood of price volatility and fluctuations in the upcoming trading sessions. The considerable widening of the bands indicates the potential for significant price fluctuation shortly.

Worldcoin and its native token WLD have been taking the attention of crypto investors, according to recent data from Coingecko. The project recently announced its worldwide launch inviting users to “visit the orb” and receive rewards by onboarding the platform. WLD has doubled its value from its launch on July 24th, when the cryptocurrency was trading at around $1. The token rose to $2.19 the following week and has been moving sideways since amid a surge in controversy from different angles. Worldcoin (WLD) Leads Crypto Tendencies In addition to WLD, Coingecko shows that Bitcoin (BTC), Unibot (UNIBOT), Chainlink (LINK), HarryPotterObamaSonic10Inu, and Pepe Coin (PEPE) have been trending along with other tokens. Bitcoin remains the leader on this chart despite the crash in the BTC.D chart. This metric gauges the percentage of the crypto total market cap comprised solely of Bitcoin’s market capitalization. Often, when the chart trends to the upside, altcoins, such as Worldcoin (WLD) and PEPE, experience a drop in their prices and vice versa. In that sense, WLD’s launch came at a favorable time for small tokens. The project has promised a reward for every user willing to scan their eyeballs with one of the devices scattered around different countries. Thus, sparking controversy about their practices from the crypto community and regulators, some of which are already looking into the project’s legitimacy. Via his Twitter (X) account, Adam Cochran wondered if the hype around WLD is organic or fabricated by a marketing strategy. Cochran wrote: PEPE Leads Trends In The United States While WLD took over the global attention in the nascent sector, PEPE Coin is still the king of the top trending tokens in 2023. Research conducted by Marketplace Fairness indicates that the token has been trending across 23 of the 50 states in the U.S., including Florida, California, and Texas. The cryptocurrency was launched a few months ago but has already garnered more interest than Cardano (ADA), XRP, Litecoin (LTC), Dogecoin, etc. Most of these tokens only trended in 2 of the 50 states in the U.S. in 2023.

Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a series of updates on its journey toward launch, offering insights into its progress and the challenges it has faced. XRP Ledger Layer 2 Platform Audit Scheduled For Mid-August Evernode is a Layer 2 platform that seeks to bring smart contracts to the XRP Ledger ecosystem via Hooks. The platform is being developed by a team of experienced developers working to enhance the XRP Ledger network with advanced functionalities. In the first update, Evernode announced that the audit of their three hooks is tentatively scheduled to begin in mid-August. However, the team is still waiting for paperwork and funding from Ripple to confirm the audit, just like other XRPL Grants Grantees. In the second update, the Evernode team shared that the Nomad contract proved more challenging than expected. The contract did not persist on the betanet, which helped the development team identify bugs and areas for improvement. The team has been working hard to resolve these issues and remains optimistic that they will overcome the obstacles soon. Ultimately, Evernode appreciated the approximately 104 betahosts who have provided invaluable feedback in testing and improving the platform in a near-live environment. These updates highlight the complexity of developing a Layer 2 platform for XRP Ledger and the importance of thorough testing and auditing. It also emphasizes the dedication and hard work of the Evernode team throughout the development process. However, upon successful launch, Evernode’s platform will enable developers to build and deploy smart contracts on the XRP Ledger network, opening up new use cases and applications for the ecosystem. This will enable XRP Ledger to compete with other smart contract platforms such as Ethereum, which has gained significant traction in decentralized finance (DeFi). Moreover, Evernode’s platform will help drive the adoption of XRP Ledger by attracting more developers to the ecosystem. As the number of developers grows, the network’s capabilities will expand, leading to more use cases and applications, ultimately driving adoption and value. The development of Evernode’s Layer 2 platform for XRP Ledger is a significant milestone for the XRP Ledger community. It showcases the continued innovation and development within the ecosystem, which are critical for its growth and success. Overall, Evernode’s updates on the progress toward launching a Layer 2 platform for XRP Ledger demonstrate the importance of rigorous testing and auditing in developing complex systems. The successful launch of the platform will open up new opportunities for developers, potentially driving adoption and growth in the XRP Ledger ecosystem. At the time of writing, XRP has encountered a sideways price movement since Monday. As the fourth largest cryptocurrency in the market regarding trading volume and market capitalization, it is currently trading at $0.7119, representing a decrease of 1.6% over the last 24 hours. Featured image from Unsplash, chart from TradingView.com

Worldcoin has set up registration centers worldwide to collect biometric data. The French data protection body CNIL said it has begun investigating the matter. Worldcoin (WLD), a digital identity-based cryptocurrency project created by ChatGPT co-founder Sam Altman, is apparently under investigation by French authorities. Concerns about the Worldcoin project’s acquisition of biometric data have prompted the investigation. Worldcoin’s long-term goal is to develop an individual-empowerment-focused digital identification platform based on biometric data, including iris scans. In order to verify identities, Worldcoin has set up registration centers worldwide equipped with a shiny sphere called an “orb.” Concerns Over Data Acquisition When people get close to the sphere, they may have their faces scanned to collect biometric information, in this case for iris recognition. This data is used to create digital IDs that may then be used only by the user. The Worldcoin method may seem attractive at first, but it has serious privacy and ethical implications that should be considered. According to a Reuters article, the French data protection authority CNIL said the method “appears questionable, as do the conditions for storing biometric data.” The French data protection body CNIL said it has begun investigating the matter and has now learned that the German state of Bavaria has jurisdiction over it. Since then, the investigation has been led by Bavarian authorities with help from CNIL. Concerns about the possible dangers of improperly managing biometric data are reflected in the authorities’ statement. Following Worldcoin’s introduction, the UK’s data regulator has declared that it will conduct an investigation into the cryptocurrency. Vitalik Buterin, co-founder of Ethereum, has voiced similar worries about the possibility of misuse and privacy issues. The continuing investigation into Worldcoin’s gathering of biometric data demonstrates the critical importance of privacy and data security in the modern digital era. Highlighted Crypto News Today: Kyrgyzstan To Build Crypto Mining Farms; President Approves!