Shiba Inu (SHIB) has recently caught the attention of traders and investors as it forms an ascending triangle pattern on the price chart. This technical pattern is characterized by higher lows, converging with a horizontal resistance level. The current price of SHIB stands at $0.00000789, experiencing a meager 1% in increase in the last 24 hours and recording a modest seven-day gain of 0.6%, data from CoinGecko shows. However, the real excitement lies in the potential breakout that could lead to a fresh prolonged recovery for the cryptocurrency from this ascending triangle pattern. Shiba Inu Ascending Triangle Pattern Explained An ascending triangle pattern is a technical chart formation characterized by higher lows and a horizontal resistance line. Traders often interpret this as a potential bullish signal. As the price approaches the flat resistance line, it indicates that buyers are becoming more aggressive, creating higher lows. This pattern suggests that a breakout to the upside is more likely than a breakdown to the downside. Currently, Shiba Inu’s price is hovering near the neckline of the ascending triangle at $0.00000788. A bullish breakout from this neckline at $0.00000845 could trigger a significant price surge for SHIB. This could set the stage for a fresh and prolonged recovery, potentially enticing more buyers to enter the market. Elon Musk’s Twitter Rebrand Plans Fueling Optimism The optimism surrounding Shiba Inu’s potential breakout is further fueled by recent speculation of its involvement in Elon Musk’s Twitter rebranding. Musk, known for his influential tweets and interest in cryptocurrencies, has hinted at potential collaborations and projects within the crypto space. The billionaire has recently ditched the iconic Twitter blue bird and replaced it with “X.” With SHIB being a meme-based token that gained popularity partly due to its Shiba Inu dog logo, any association with Musk’s plans could attract more attention and buying momentum. Should the bullish breakout occur and Shiba Inu’s price surpasses the overhead resistance, it could spark a surge in buying momentum. Technical analysis suggests that a successful breakout from the ascending triangle pattern could propel SHIB’s price to $0.00001, representing a potential gain of 25% from its current level. The latest green candlestick on the daily chart of SHIB serves as a testament to the current bullish sentiment. The green candlestick represents a day when the closing price is higher than the opening price, indicating positive price movement. In conjunction with the ascending triangle pattern, this recent green candlestick adds weight to the potential for a bullish breakout. (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

Dogecoin (DOGE) is once again at the center of excitement in the crypto space. Over the days, the meme-inspired cryptocurrency experienced a remarkable surge, gaining 25% in just two weeks. As traders and investors closely watch DOGE’s price movements, a combination of technical indicators and on-chain data offer intriguing insights into what may lie ahead for DOGE. Dogecoin Price Analysis According to renowned analyst Ali Martinez, DOGE’s price action has established a crucial support zone between $0.070 and $0.076. Martinez points out that in this price range, a staggering 452,000 wallets acquired a significant amount of DOGE, totaling 51.4 billion coins. On the other hand, the cryptocurrency faces stiff resistance at $0.083 and $0.088, signaling potential hurdles for further upward momentum. On-chain data firm Santiment adds to the optimism surrounding DOGE, highlighting that the average DOGE trader, active in the past year, is now in profit for the first time in 12 weeks, showing a 2.4% gain. This development is considered a significant milestone and could attract more interest from traders. On the other hand, more traders in profit means that profit-taking is more likely, thus selling pressure could build up. Moreover, the DOGE social dominance indicator has not yet reached the dangerous “FOMO zone,” indicating the possibility of a further upward surge. Undoubtedly, the current price momentum of Dogecoin is due to Elon Musk. The recent price rally can be attributed to speculation that the meme coin may become a payment method on Twitter’s rebranded platform, “X.” Traders seem eager to front-run Elon Musk’s decision on this matter, as he has been a vocal supporter of Dogecoin. This has fueled roaring speculation, resulting in a surge in the perpetual futures market tied to DOGE, with notional open interest exceeding $512 million for the first time since April 19. On that day, DOGE traded at $0.0941 and saw a price drop of about 19% over the next three days. While the influx of new money into the market is generally seen as a confirmation of an uptrend, traders should remain cautious. As profit-taking becomes more likely with more traders in profit, selling pressure could build up, potentially leading to a temporary pullback in DOGE’s price. However, at press time, the open interest weighted-funding rates were close to zero, suggesting a balance between long and short positions. DOGE/USD 1-Day Chart As explained in the last chart analysis before the pump, DOGE had formed an ascending triangle formation signaling a trend reversal. As predicted, DOGE broke out above the resistance at $0.075 and initially stalled at the 23.6% Fibonacci retracement level ($0.0785). However, after a brief pause, the Dogecoin price continued its rally and climbed to $0.0839, where the bulls paused for the time being due to resistance. While the daily RSI is still not overbought at 68.5, another push higher seems possible. However, lower profit-taking seems to dominate the market for now, so a retest of the 23.6% Fibonacci retracement at $0.0785 could be a likely scenario. If the bulls defend this support, DOGE could rise another 20% to the 38.2% Fibonacci retracement at $0.0937. The next target would then be the yearly high at $0.1044 and the 50% Fibonacci retracement level at $0.1066.

Binance Coin bulls have shown signs of sluggishness, leading to a concerning dip below the crucial $240 support level. This downward movement suggests that bearish forces may be gaining dominance in the near-term market outlook. Currently, BNB is shaping an intriguing chart pattern known as the inverted flag. Amidst the recent market turbulence, BNB’s price has experienced a 0.2% dip in the past 24 hours and a seven-day decline of 2.1%. The coin is currently trading at $237, figures from crypto market tracker CoinGecko shows. As the former high of $261.9 seems to be a distant memory, investors are keenly observing this bearish continuation pattern and its potential implications. Understanding BNB’s Inverted Flag Pattern The inverted flag pattern is a technical chart pattern that signals a potential downtrend continuation. It is formed when a sharp decline in the price of an asset (the flagpole) is followed by a brief period of consolidation, represented by a downward-sloping channel (the flag). This pattern suggests that the price will likely break the lower support trendline after a temporary relief rally and continue its downward trajectory. With a loss of 2.0% in the last week, the BNB price is approaching the lower support trendline of the inverted flag pattern. As BNB’s bearish continuation pattern takes hold, the chances of the price breaking this dynamic support become more significant. A daily candle closing below this trendline would signal a strong possibility of the downward trend resuming. Binance Coin: Potential Reversal At Support However, there is hope for BNB holders as signs of a potential reversal emerge. If the coin price shows resilience and starts to rebound at the bottom support trendline, it would indicate that buyers are actively defending this critical level. Such a reversal could prolong the ongoing relief rally and push the BNB price back toward the overhead trendline, currently sitting near $265. A bullish breakout from this resistance could invalidate the bearish thesis and trigger a sustainable recovery for BNB. Investors should exercise caution as the inverted flag pattern unfolds and closely monitor the price action around the lower support trendline. A confirmed break below this level would confirm the bearish continuation pattern, prompting some investors to consider cutting their losses or adopting a defensive stance. On the other hand, a clear rebound from the support could present a buying opportunity for those anticipating a reversal. (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 Tradedog

HONG KONG, HONG KONG, July 26th, 2023, Chainwire OKX, a leading crypto exchange by trading volume and Web3 technology company, has published its industry-best ninth consecutive monthly Proof of Reserves (PoR), showing a balance of USD$11.3 billion in BTC, ETH and USDT. OKX’s PoR covers 22 commonly used digital assets and demonstrates that OKX has maintained a reserve ratio exceeding 100% for nine consecutive months across all those assets. In addition to BTC, ETH and USDT, the assets included in OKX’s PoR are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI. OKX stores the majority of its reserves in highly secure off-chain cold storage. It has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in late 2022. OKX’s current reserve ratios are as follows: BTC: 103% ETH: 103% USDT: 103% OKX will continue to publish its monthly PoR while providing a self-audit tool to all users. The open-source verification tool enables users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while maintaining their privacy. OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows. Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here. For further information, please contact: [email protected] About OKX OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com Disclaimer THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES. Contact OKX [email protected]

Ramp is the first global crypto on-ramp provider that offers direct Worldcoin (WLD) purchases. The fintech company is excited to announce that, with the exception of the United States, they are the first crypto on-ramp provider to provide Worldcoin (WLD) direct purchases to consumers globally. Customers may now purchase Worldcoin (WLD) via Ramp, initially through the company’s website or network of integration partners, and shortly also directly through the World app. This exciting accomplishment represents a significant advancement in its ongoing attempts to attract the most impactful and creative initiatives to its platform. Why Worldcoin is Important? The objective of Worldcoin is to create an inclusive, worldwide identification and financial network which also aligns with the mission of Ramp. The team behind Worldcoin wants to enable people, not just bots, to take charge of a new financial system. Worldcoin’s World ID seeks to be person-bound, which means a World ID should only be used by the person to whom it was granted. It is co-led by Sam Altman, the CEO of OpenAI. This is accomplished via a thoroughly thought-out mechanism that binds tokens to a distinct identity created by the hash of each user’s biometric iris scan. The purpose of employing an iris scan is to make it harder for a dishonest actor to get World ID credentials that do not belong to them and to make it simpler for users to recover a lost or stolen World ID. Proof-of-personhood The creative use of specialized biometric technology, notably an iris-scanning device known as the Orb, has given rise to the ground-breaking proof-of-personhood notion that underpins Worldcoin. The main objective is to make sure that every user of the Worldcoin network is a distinct human being. This will eliminate any possibility of the system being manipulated by AI-driven bots or duplicate identities, a risk that Worldcoin’s Sam Altman is well aware of and that historian and Sapiens author Yuval Noah Harari has repeatedly warned against. The firm emphasizes that images gathered during verification are, by default, instantly wiped from the device (unless express authorization for Data Custody is given), protecting consumers’ privacy and data. This strategy establishes a new benchmark for digital identification by developing an AI-resistant system for verification. Empowering Humans The Worldcoin financial system puts humans in the front thanks to the usage of this iris scan biometric verification technique. It strives to make sure that authenticated human users, rather than bots or AI-controlled entities, inhabit the digital world. WLD Launch Information The platform is first offering an on-ramp for WLD that is operating on Optimism (OP), but it is also planning to enable WLD on other networks, such as Ethereum. This is in line with its objective to provide a smooth and intuitive user experience while prioritizing scalability and efficiency. Its Worldcoin on-ramp service won’t be accessible in the US at launch due to existing restrictions. The team is always monitoring changes to the regulatory environment for any prospective modifications. The platform will only provide on-ramp services during this first round of integration with Worldcoin. To enhance off-ramp services for WLD during the second half of 2023, the crew is hard at work around the clock. What’s Coming Up? The Ramp team is excited to take part in this journey and is hopeful about the future of Worldcoin. It believes that by working together, they can create a financial system that is fairer and more equal for everyone. Users can join the thrilling new chapter as the platform strives in bringing the best of cryptocurrency and facilitate easy access to a larger digital economy.

Any hawkish tone from the FOMC meeting might cause Bitcoin to plummet more. Due to the gravity of the resistance, the string of little body candles signals hesitation. Bitcoin (BTC) was under selling pressure early in the week, sending the price down below the $30,000 support level to roughly $29,000. Some on-chain signs suggest potential development despite its relatively dismal prognosis. The fact that more and more Bitcoins are being removed from crypto exchanges and placed in private hands is encouraging. There are presently just 1.17 million Bitcoin (BTC) available on cryptocurrency exchanges, the lowest quantity held since November 2018. In addition, Bitcoin’s daily wallet address creation rate has grown, as per statistics from the on-chain analytics platform Glassnode. An increase in network activity like this is seen as a positive indicator. Moreover, data from the analytics platform reveal that a new ATH of 14.52 million Bitcoin (equal to 75% of the total supply) is now held by long-term BTC holders. This data implies that long-term investors opt for a HODLing strategy. High Volatility Expected As investors anticipate the probable commencement of the U.S. Federal Reserve’s rate-hike campaign today, the price of Bitcoin (BTC) stalled early in Asia around the $29,200 level. Any hawkish tone from the FOMC meeting today might cause Bitcoin to plummet more. The 89-week moving average and the top edge of the Ichimoku cloud on the weekly chart have converged to create a critical barrier that BTC/USD has had trouble breaking over since April’s peak of around $31,000. Due to the gravity of the resistance, the recent string of little body candles signals hesitation. The negative pressure on the market over the medium term could ease if the price is able to break above the resistance level. The possibility of $40,000 is raised by this action. All eyes are now on the FOMC meeting outcome later today with the crypto market including BTC expected to showcase high volatility.

Asia’s largest Web3 event achieves record growth to be the world’s largest of its kind TOKEN2049 presents top decision makers across the spectrum of traditional finance, big tech, global regulators to crypto-native entrepreneurs and builders New headline speakers include Gemini Co-Founders Cameron and Tyler Winklevoss; Circle CEO Jeremy Allaire; Franklin Templeton CEO Jenny Johnson; Yuga Labs CEO Daniel Alegre; F1 Drivers Daniel Ricciardo and Pierre Gasly TOKEN2049, Asia’s premier Web3 and crypto conference, announced a slate of prolific title sponsorsand headline speakers for its upcoming Singapore edition. With just 50 days to go in the countdown, TOKEN2049 will take place from 13-14 September 2023 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2023 race weekend. Heralding a record-breaking repertoire of over 300 exhibitors, TOKEN2049 is set to welcome over 10,000 attendees with over 80 percent coming from overseas, making it the industry’s largest international gathering of the year. Congregating key business leaders from traditional finance and big tech to crypto-native entrepreneurs and builders as well as policy-makers, TOKEN2049 continues to cement its world-class status as the global premier Web3 event. Panels, keynotes, and fireside chats at this year’s TOKEN2049 will address a myriad of topics including the changing global regulatory landscape, the convergence of crypto and AI, blockchain scaling, the intersection of Web3 gaming and the metaverse, the institutionalisation of digital assets, Web3 infrastructure, multi-chain network and protocol interoperability amongst many more critical themes. Additional speakers at this year’s conference include amongst others Cameron and Tyler Winklevoss, Co-Founders of Gemini; Jeremy Allaire, Co-Founder and CEO of Circle; Jenny Johnson, CEO of Franklin Templeton; Daniel Alegre, CEO of Yuga Labs; Richard Teng, Head of Regional Markets at Binance; Daniel Ricciardo and Pierre Gasly, Formula One Drivers and Web3 enthusiasts from Scuderia AlphaTauri and BWT Alpine Formula One respectively. “The East/West Crypto Flippening is upon us and we are excited to be a part of TOKEN2049 as the conference brings together builders, leaders, and thinkers from across the crypto industry,” said Cameron Winklevoss, Co-Founder of Gemini. Commemorating the latest milestone, Alex Fiskum, Co-Founder of TOKEN2049 said: “We’re proud to present an ever-growing sensational speaker and sponsor line-up for this year’s edition of TOKEN2049, with broad international media coverage. The feedback has been unanimous – Asia is a driving force of innovation in crypto and Web3, and TOKEN2049 is the prime showcase where the global ecosystem will converge. Overall event traction has been tremendous with hundreds of side events expected throughout TOKEN2049 Week. We are also seeing that hotels across the city are already selling out as the anticipation for TOKEN2049 grows. We’re incredibly excited.” TOKEN2049’s top-flight roster of title sponsors includes leading crypto exchange and Web3 technology company OKX; the gateway to ethics-first Shariah-compliant finance in the digital age, Islamic Coin; TRON DAO, empowering decentralized commerce and community for every human on the planet; Polkadot, the blockspace ecosystem for boundless innovation; DAO-led web3 ecosystem Mantle; world’s largest crypto copy trading platform Bitget; structured liquid staking and asset tracking protocol Tranchess; Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain; global financial technology firm Circle Internet Financial (Circle); top cryptocurrency exchange platform KuCoin; global digital asset market maker and multi-stage Web3 investment firm DWF Labs; and high-performance public blockchain Klatyn. PR Newswire is a community partner of TOKEN2049 Singapore. For more information and continued updates on TOKEN2049 Singapore, please visit: https://www.asia.token2049.com/ ABOUT TOKEN2049 TOKEN2049 is a premier Web3 event, organised annually in Singapore, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is a global meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry. Media Contact [email protected] 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.

Zenit World is a platform that offers a wide range of features and opportunities for users of all levels. Whether you’re a beginner or a seasoned user, Zenit offers a refreshing approach that puts users at the center. With its user-friendly interface, secure trading environment, thriving community, Copy Trading, Swap Token, Tier System, and Fiat Wallet features, Zenit World is a great platform for anyone who wants to get involved in the world of cryptocurrency. And with its mission to empower users to take control of their future and a vision to create a platform that is poised to change the way people interact with the crypto market. Features User-friendly interface: Zenit World has a user-friendly interface that makes it easy to buy, sell, and trade cryptocurrencies. Reliable trading environment: Zenit World aims to provide a regulated environment that protects users’ funds. Copy Trading: Zenit World allows users to follow the trading strategies of professional and institutional traders, automatically copying their trades. Swap Token: Zenit World allows users to quickly and easily swap one cryptocurrency for another, with low fees and no need for multiple exchanges or complicated trading procedures. Tier System: Zenit World rewards users with benefits and fee discounts as they move up the tiers, based on their sZEN (staked ZEN utility token). Fiat Wallet: Zenit World allows users to deposit and withdraw funds in traditional currencies, such as US Dollars and Euros, with ease. Opportunities Earn rewards: Zenit World offers a variety of ways for users to earn rewards, such as through copy trading and staking. Grow your portfolio: Zenit World provides users with the opportunity to grow their portfolio through trading, investing, and staking. Connect with other crypto enthusiasts: Zenit World has a thriving community of crypto enthusiasts to connect with and learn from. ZEN Token The Zen token lies at the core of Zenit World, serving as a powerful digital asset that opens doors to a world of opportunities. As an integral part of the Zenit ecosystem, the Zen token offers exclusive benefits and exciting prospects for users. By holding and utilizing the Zen token, individuals gain access to rewards, community-driven initiatives, and unique investment possibilities. The value of the Zen token grows in tandem with the flourishing Zenit World community. This token represents a gateway to a vibrant and thriving crypto community, where participants can actively engage and contribute to the platform’s ongoing evolution. Vision Zenit World was founded with a vision to create a platform that would empower users to take control of their financial future. The team at Zenit World are committed to building a platform that will help users access the benefits of this new financial paradigm. Zenit World represents a new era in the crypto landscape, where transparency, innovation, and community collaboration drives meaningful change. Embrace the opportunities that await within this remarkable platform, guided by a vision of empowerment and growth. Whether you’re an aspiring trader, or simply curious about the vast possibilities of crypto, Zenit World welcomes you to join the revolution and be part of a future defined by endless possibilities. To embark on your Zenit World adventure and learn more about the platform’s transformative offerings, visit our website at https://www.zenit.world/. Join us as we shape the future of crypto together, where every step you take brings you closer to unlocking the extraordinary.

VeChain (VET) has maintained a tight-ranging price movement over the last week, and its investors seem uninterested in the ecosystem’s progress. On the other hand, Stacks (STX) has continued its bearish trajectory, and its holders are diversifying their portfolios. Currently, VC Spectra (SPCT) is the top choice for crypto investors as it has already raised $2.4 million in private presale. Will VC Spectra (SPCT) be able to continue growth? Let’s take a look for an answer. >>BUY SPCT TOKENS NOW<< VeChain (VET) Stays Quiet in the Third Week of July VeChain (VET) started the week trading at $0.01986 and is currently trading for $0.01961. According to Coinmarketcap, VeChain (VET) has traded between $0.01894 and $0.01987 for the last week. During this time, VeChain (VET) secured over 30 partnerships across farming, logistics, and luxury sectors. In addition, VeChain (VET) also attracted attention with its new VeWorld Wallet earlier this year. According to VeChain (VET), the wallet will be self-custody and accessible through mobile phones. Despite these developments, VeChain (VET) recorded no significant price surge in 2023. VeChain (VET) has stayed relatively quiet in July and has been stable for seven days. Investors are choosing VC Spectra (SPCT) over VeChain (VET) and Stacks (STX) in 2023. Stacks (STX) Resists Bullish Market Sentiment, Sustains 30-day Bear Run Stacks (STX) is known for swimming against the tide of the crypto market, and July 2023 has attested to this once more. On July 13, crypto prices generally surged because of a federal court ruling in the SEC vs. Ripple case. On the same day, Stacks (STX) could only manage a weak surge and quickly retraced to its bearish trajectory. Stacks (STX) traded at $0.7501 on July 3 and fell to $0.6147 on July 10. By July 14, Stacks (STX) surged to $0.6962 after the verdict was announced for SEC vs. Ripple case, and the token is currently trading at $0.6251 on July 23. Analysts believe Stacks (STX) will stay bearish for Q3 2023, supported by RSI and EMA. VC Spectra (SPCT): Investors’ Top Pick in July 2023 According to experts, VC Spectra (SPCT) is a much better investment option in July 2023 than VeChain (VET) or Stacks (STX). VC Spectra (SPCT) is an innovative decentralized hedge fund built to promote development in the blockchain industry through targeted investments. As a result of data-backed investments by VC Spectra (SPCT), users get quarterly dividends and share in profits from buybacks of successful companies. VC Spectra (SPCT) employs blockchain experts and venture capitalists to help select the best crypto and web3 projects in their early stages. To ensure maximum returns and minimum losses, VC Spectra (SPCT) offers its users flexible and customizable trading tools. You can access algorithmic, social, copy, and systematic trading on one platform. On July 19, VC Spectra (SPCT) ended its first presale stage and is currently in the second one. In Stage 2 of the public presale, VC Spectra (SPCT) is selling for $0.011, and the token will surge by 127.27% when it enters its third presale stage. VC Spectra (SPCT) will eventually hit the mainstream crypto market, trade for $0.08, and deliver a 627% surge to today’s investors. Learn more about the VC Spectra (SPCT) presale here: Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io/ Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund

Dogecoin (DOGE) price surged to the $0.08 range. Overtakes ADA in market cap and reclaims the seventh spot. The DOGE price soared 5% in the last 24 hours and 17% over the past week. Dogecoin (DOGE), the beloved meme coin, witnessed a significant price spike of 14% on Tuesday, from $0.07071 to $0.08299, marking its biggest single-day gain since April. Also, DOGE has flipped Cardano (ADA) to claim the seventh spot in the cryptocurrency rankings in terms of market cap. At the time of writing, Dogecoin’s market cap stands at a staggering $11.65 billion, solidifying its position as one of the most valuable cryptocurrencies in the digital landscape. This impressive feat has surpassed Cardano’s market cap by a substantial 7%, displaying the meme coin’s growing popularity and widespread appeal. Cryptocurrencies Ranking Status (Source: CoinMarketCap) But what’s driving this strong uptrend? The recent Dogecoin price rally has been fueled by swirling speculation suggesting that DOGE might be adopted as a payment method on the highly anticipated “X” rebranded Twitter platform, a project spearheaded by tech mogul and Tesla CEO, Elon Musk. With the Twitter rebranding buzz gaining momentum, investors and traders have shown renewed interest in DOGE, propelling it to new heights in its price as well as market cap. However, the rumors regarding its potential integration into the revamped Twitter platform continue to circulate. Also the meme coin holders and enthusiasts eagerly await further developments. Dogecoin (DOGE) Current Market Status According to CoinMarketCap, Dogecoin traded at $0.08095, with a 24-hour trading volume of $1.3 billion. Also, DOGE price climbed over 5% in the last 24 hours and 17% in a week. The daily price chart of this meme coin highlights the bullish movement of DOGE, as the current price stands above the 50-day exponential moving average (EMA). This positive indicator suggests a potential uptrend in the market. Dogecoin (DOGE) Price Chart (Source: Tradingview) Further, the daily Relative Strength Index (RSI) reveals that DOGE is approaching an almost overbought state. This signals a high level of buying interest and potential momentum for further price gains. Looking ahead, there appears to be a significant resistance level around $0.09667. If DOGE can decisively break above this resistance, it could open the gates for a sustained uptrend towards the $0.13152 mark. Recommended for you Dogecoin (DOGE) Price Prediction 2023, 2024, 2025-2030

The inaugural ETHWomen, a female-focused and inclusive hackathon, is set to take place this summer from July 14 to August 23. With a strong focus on empowering female talent in the Web3 industry, ETHWomen is a hybrid event, combining online participation with an in-person experience. The live event will be held in conjunction with ETHToronto and Blockchain Futurist Conference, providing a platform for innovation in the heart of downtown Toronto on August 15-16, 2023. The hackathon unites more than 2500 women from all corners of the globe, gathering with a common purpose: to learn, network, and collaborate in shaping the future of Web3. The event’s engaging programming includes a diverse array of speakers, panel discussions, mentorship hours, and curated events tailored to empower the ETHWomen participants. Events include: Women’s Breakfast: During the morning of August 16th, the ETHWomen Breakfast takes place, organized in collaboration with 10+ Web3 Women Community groups. Stratos Builders House: On August 15th, the Stratos Builders House will be the spotlight event, showcasing the latest advancements in Decentralized Data Mesh technology. Mentorship Hours and Career Connect: Throughout the day on August 16, ETHWomen participants can engage with industry experts, receive guidance, and connect with companies actively seeking to hire talented females within the Web3 community. Female Founders Showcase: In the late afternoon on August 16, 9 leading female founders share their journeys and accomplishments, they then have the chance to compete for up to $30,000 in prizes. The main attraction of ETHWomen is its captivating hackathon, where women compete for prizes generously provided by our ETHWomen Bounty sponsors. Participants showcase their skills and creativity, while driving innovation within the Web3 ecosystem. The contributing bounty sponsors for ETHWomen so far are: Audius, Avalanche, Aleo, CryptoChicks, Metis DAO, Open Zeppelin, and XDC Network ETHWomen, organized by female founder Tracy Leparulo, who is also the Founder of Untraceable, boasts a predominantly women-led team; while Untraceable Events is celebrating over 10 years of organizing blockchain events this year, making it a highly anticipated and special conference. “As a female in Web3 for over 10 years, it’s incredibly important to foster events that unite women, facilitating networking and mutual support. Witnessing the remarkable turnout of women for this event fills me with joy. However, we recognize that there is still much progress to be made in promoting inclusivity and diversity across every aspect of the space.” – said Tracy Leparulo, Founder of Untraceable, Blockchain Futurist Conference and ETHWomen. This year’s speaker lineup for ETHWomen includes: Michele Romanow, “Dragon” from CBC’s Dragons’ Den, Co-Founder and Executive Chairman of Clearco Elena Sinelnikova, Co-Founder of MetisDAO Foundation and CryptoChicks Sara Mansur, Director of Developer Growth, Ripple Jamie Jung, Women in Web3 Korea Tracy Leparulo, Founder & CEO, Untraceable Rhonda Eldridge, Founder, Harness All Possibilities Daniela Barbosa, Executive Director, Hyperledger Foundation & General Manager for Blockchain and Identity, Linux Foundation For women+ and girls attending in-person or virtually, ETHWomen guarantees an unforgettable experience for all participants. The event promises to create lasting connections, spark innovative ideas, and inspire women to embrace their potential in the blockchain space. If you are interested in getting involved with ETHWomen as a mentor, hacker, attendee, speaker, or sponsor, simply fill out the application available on ETHWomen.com 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.

Worldcoin’s iris scanning raises privacy and data capture concerns. Tokenomics skepticism persists, yet WLD surges 17.82% in 24h. The newly launched “Iris biometric crypto project, Worldcoin,” founded by OpenAI CEO Sam Altman, has been generating a lot of buzz in the digital world. It aims to differentiate humans from online AI while safeguarding privacy, empowering democratic processes, and potentially introducing AI-supported UBI. Despite the decent welcome, the project has faced significant negativity, with netizens holding signs mentioning “Scam” and “Rekt soon,” and expressing concerns about potential loopholes. Why Is There So Much Negativity Around Worldcoin? One of the reasons behind the mounting speculations is the skepticism surrounding iris scanning. Ethereum founder Vitalik Buterin has voiced his concerns about the risks associated with capturing sensitive data like sex, ethnicity, and medical conditions through this technology. He also highlighted the challenge of limited access to the required scanning machines called Orbs. As there are only a few hundred of them, making it challenging to have broad adoption. Moreover, some critics, like X (Twitter) user @00forrest, have outright labeled Worldcoin as a scam. They argue that the tokenomics of the project are flawed, with a large fully diluted valuation. And significant amounts of supply are controlled by insiders and market makers. This has led to suspicions that early participants may be at risk of losing value, especially given the large circulating supply and the potential for market manipulation. When questioned about the coin’s tokenomics, Worldcoin co-founder Alex Blania’s vague response about unclear regulations has added fuel to the speculations. It even left some feeling skeptical about the project’s transparency. Despite the negativity and skepticism, Worldcoin’s token, WLD, has seen a surge of over 17.82% in the past 24 hours. Sam Altman, in a tweet, acknowledged that “like any really ambitious project, maybe it works out and maybe it doesn’t,…. In either case, we especially love our haters, it gives us energy, please keep it coming!” In conclusion, the negativity surrounding Worldcoin stems from concerns about its proof-of-personhood technology, worries about potential market manipulation, and tokenomics. Nonetheless, the project’s team remains optimistic and focused on making strides in the digital world.

Bitcoin price is attempting a recovery wave above the $29,200 level. BTC must clear the $29,600 resistance to start a decent recovery wave. Bitcoin is consolidating above the $29,000 support zone. The price is trading below $29,600 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support near $29,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but upsides might be limited above the $29,600 resistance. Bitcoin Price Faces Resistance Bitcoin price extended its decline below the $29,200 support zone. BTC even traded below the $29,000 level. A low is formed near $28,880 and the price is now attempting a recovery wave. There was a minor increase above the $29,000 resistance level. The price spiked above the 23.6% Fib retracement level of the downward move from the $30,334 swing high to the $28,880 low. However, the bears are active near the $29,350 level. Bitcoin is now trading below $29,600 and the 100 hourly Simple moving average. There is also a short-term rising channel forming with support near $29,120 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $29,350 level. The first major resistance is near the $29,600 level and the 100 hourly Simple moving average. It is near the 50% Fib retracement level of the downward move from the $30,334 swing high to the $28,880 low. Source: BTCUSD on TradingView.com The next major resistance is near the $29,750 level, above which the price might rise toward the $30,000 resistance zone. A close above the $30,000 level might start a fresh increase. In the stated case, the price could rise toward the $30,400 resistance. More Losses in BTC? If Bitcoin fails to clear the $29,350 resistance, it could continue to move down. Immediate support on the downside is near the $29,100 level and the channel trend line. The next major support is near the $28,880 level, below which the price could drop toward $28,500. The next support is near the $28,200 level. Any more losses might call for a move toward the $27,500 level in the near term. 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 above the 50 level. Major Support Levels – $29,100, followed by $28,880. Major Resistance Levels – $29,350, $29,600, and $30,000.

Ethereum price is recovering from the $1,830 zone against the US Dollar. ETH could extend its decline if it stays below the $1,880 resistance. Ethereum is slowly moving higher from the $1,830 zone. The price is trading below $1,870 and the 100-hourly Simple Moving Average. There is a short-term bullish rising channel forming with support near $1,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to rise above the $1,870 and $1,880 resistance levels. Ethereum Price Faces Resistance Ethereum’s price extended its decline below the $1,900 level. ETH even traded below the $1,850 level to move into a bearish zone, similar to Bitcoin. A new weekly low is formed near $1,832 and the price is now attempting a recovery wave. There was a minor increase above the $1,850 resistance zone. The price moved above the 23.6% Fib retracement level of the downward move from the $1,903 swing high to the $1,832 low. Ether is now trading below $1,870 and the 100-hourly Simple Moving Average. There is also a short-term bullish rising channel forming with support near $1,850 on the hourly chart of ETH/USD. On the upside, immediate resistance is near the $1,870 level and the 100-hourly Simple Moving Average. It is close to the 50% Fib retracement level of the downward move from the $1,903 swing high to the $1,832 low. The first major resistance is near the $1,875 level. Source: ETHUSD on TradingView.com The main resistance is near the $1,900 zone, above which the price might rise toward the $1,920 hurdle. Any more gains could send Ether toward the $2,000 resistance or even $2,050 in the near term. More Losses in ETH? If Ethereum fails to clear the $1,875 resistance, it could continue to move down. Initial support on the downside is near the $1,850 level and the channel lower trend line. The first major support is near the $1,830 zone, below which the price might move further into a bearish zone. The next major support is near the $1,780 support level. Any more losses could open the doors for a move toward the $1,720 level in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,830 Major Resistance Level – $1,875

Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080. Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price Holds Key Support In the past few days, Tron’s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin and Ethereum. TRX traded below the $0.0850 support to enter a short-term bearish zone. The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours). There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low. Source: TRXUSD on TradingView.com A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level. More Downsides in TRX? If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line. The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760. Technical Indicators 4 hours MACD – The MACD for TRX/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently near the 50 level. Major Support Levels – $0.0810, $0.0800, and $0.0760. Major Resistance Levels – $0.0835, $0.0872, and $0.090.

After Ethereum (ETH) once again failed to break the $2,000 level in the 1-day chart, the price has been on a downward slide in recent days. However, this could now change, as a historically accurate trend indicator shows. Crypto traders and analysts constantly seek reliable indicators to navigate the turbulent market. One such indicator gaining attention is the Tom Demark 9 (TD9), which has flashed a buy signal for Ethereum (ETH) on the daily chart. Renowned analyst Joe McCann shared his insights via Twitter, revealing an intriguing success rate of 78% for ETH’s historical TD9 buy signals. Ethereum (ETH) Buy Signal Joe McCann’s tweet brought the spotlight on ETHUSD’s TD9 buy signal, which occurred after the asset dropped 8.7% from its recent high. The TD9 indicator, an indicator that also measures whether an asset is overbought or oversold, similar to the RSI, aims to identify potential trend reversals. According to McCann, historical data showcases the TD9 buy signal’s remarkable accuracy for ETH, with a win rate of nearly 78%. Possible price targets include the July open at $1,933, the August 2022 bear market rally high at $2,031, and the year-to-date 2021 high at $2,142, according to the analyst. Digging deeper into the data, McCann highlights the impressive performance of ETH following TD9 buy signals. The statistics reveal that, on average, the asset surged by over 2.6% in the seven days following the signal, with a median return of almost 5%. These figures alone could pique the interest of traders looking for an edge in the crypto market. To provide a more nuanced picture, McCann narrowed the data to examine the year 2019, a period he deems analogous to the 2023 crypto market cycle. The results are even more captivating, showing a remarkable win rate of nearly 90% for TD9 buy signals during this period. But, as with any indicator, there are exceptions and occasional inaccuracies. McCann’s data shows several instances where the TD9 buy signal failed to predict ETH’s price movement accurately. Noteworthy is March 13, 2018, when the ETH price slid massively after the buy signal. The ETH price plummeted by 19.3% within seven days and by as much as 34.8% within the next 14 days. The signal was similarly bad on May 8, 2018, after which ETH fell by 22.1% in the following seven days and 26.7% in the following 14 days. On the other hand, the TD9 buy signal has predicted some massive rallies. For example, on December 10, 2018, following the signal, ETH initially rose by 3.7% in the first seven days, but then came a fabulous 53.0% rise in 14 days and 64.5% in 30 days. The most recent TD9 buy signal on March 11, 20223 delivered a price increase of 18.8% in the first seven days and 29.9% after 30 days. In general, it can be seen that the accuracy of the TD9 indicator decreases over time. While the indicator has a success rate of 78% in the first seven days with an average 7-day forward return of +2.65% and a median return of almost 5%, the success rate falls in the subsequent period of time. After 14 days, the TD9 indicator has a success rate of only 55.5% (mean 3.8%, median 5.7%), after 30 days of 63.0% (mean 6.9%, median 3.8%) since 2018. Federal Reserve Meeting Looms While the TD9 buy signal paints a positive picture for ETH, the crypto market remains vulnerable to external factors, including the upcoming FOMC meeting today. There is a 98.9% probability that there will be a 25 basis point rate hike. But the big question is whether this will be the last hike in this cycle. McCann writes: At press time, the Ether (ETH) price stood at $1,859.

Impermanent Loss is a risk that liquidity providers encounter when participating in DeFi protocols. Impermanent losses arise due to the dynamic price movements of the assets in the liquidity pool. The term impermanent can be misleading, as these losses might not recover over time and even lead to permanent losses. In a recent tweet, Changpeng Zhao, also known as CZ and the CEO of Binance, the world’s largest cryptocurrency exchange, issued a cautionary reminder to the crypto community regarding the potential risks associated with certain aspects of the market, the term “Impermanent Loss.” Let’s explore what it means for DeFi investors and how it impacts traders. In the world of decentralized finance (DeFi), “Impermanent Loss” has become a buzzword, causing concern among crypto investors. Also it refers to a phenomenon that liquidity providers may encounter when participating in liquidity pools on decentralized exchanges. Impermanent loss occurs when providing liquidity to automated market maker (AMM) protocols, and it arises due to the dynamic price movements of the assets in the pool. Typically involving a cryptocurrency and a stablecoin like USDC, impermanent loss emerges when the cryptocurrency’s price depreciates compared to the stablecoin. As a result, the trader experiences a loss due to the disparity in cryptocurrencies prices, which is commonly referred to as impermanent loss. Also, investors should not be fooled by the term “impermanent,” as these losses might not recover over time. And in some cases, they could lead to significant “long-term losses”. What is Impermanent Loss in DeFi? In DeFi, liquidity providers deposit funds into a liquidity pool, which serves as a market for trading specific asset pairs. By doing so, they help facilitate trades and maintain liquidity for the platform. When the price of the assets in the liquidity pool changes, the pool’s value in terms of both assets may shift. If one asset’s price outperforms the other, the pool’s composition changes. Resulting in a difference in the total value of the deposited assets. If the liquidity provider decides to withdraw their funds from the pool at this point, they may face a situation where the value of their assets is lower than if they had simply held those assets without providing liquidity. This difference in value is known as “Impermanent Loss.” The term “Impermanent” might be misleading, as this can indeed become “Permanent.” If the liquidity provider withdraws their funds while the pool is experiencing a significant divergence in asset prices. Further, Impermanent Loss is a risk that liquidity providers must be aware of. It is more prevalent in volatile markets, and the degree of loss depends on the extent of asset price fluctuations.

As of July 25, on-chain data indicates that the hash rate dedicated to the Litecoin network for mining from Binance Pool, a platform focused on improving miners’ income, is down by over 50% in the past seven months. In crypto mining, hash rate is the cumulative computing power funneled to a proof-of-work network like Bitcoin, Litecoin, or Monero. These public networks rely on miners distributed across the globe for security, decentralization, and transaction confirmation. Binance Pool Hash Rate To Litecoin Drops By 50% Presently, Binance Pool is allocating approximately 28 TH/s of hash rate to the Litecoin network, a decrease from the average of around 69 TH/s recorded in January 2023. Consequently, Binance Pool has lost its standing as one of the dominant Litecoin mining pools as of July 2023. As of July 25, Binance Pool is ranked 7th in the Litecoin mining pool scene, accounting for approximately 3.6% of the total hash rate share. In comparison, competitors like Poolin, F2Pool, and viaBTC occupy higher positions, indicating that despite Binance Pool being backed by Binance, the world’s largest crypto exchange, miners are opting for other pools, some of whom were among the first mining pools in the globe. At the moment, it cannot be immediately ascertained as to what the cause can be. However, Binance faces legal challenges in multiple countries, especially in the United States. Two of the country’s top regulators, the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC), have sued the exchange, accusing them of violating securities laws. Based on the hash rate, viaBTC currently controls the lion’s share in Litecoin mining, carving out 33% of the total Litecoin network hash rate. F2Pool follows with around 17.2% share, while antpool ranks third with a market share of 13%. Litecoin Pool and Poolin also channel more computing power than Binance Pool. Given the increasingly competitive mining landscape, individual miners must pool their resources and dedicate hash rate through a mining pool. Despite the drop in rankings and hash rate over the last seven months, Binance Pool still plays a critical role in proof-of-work mining networks, including Bitcoin. Halving Incoming, Will LTC Rally? Litecoin currently offers miners 12.5 LTC and transaction fees for each block mined. However, this reward will be halved in the upcoming weeks. The halving even will impact block mining revenue. Nonetheless, a price increase could encourage miners to upgrade their equipment and deploy miners with higher hash rates. Presently, Litecoin has a total hash rate of approximately 780 TH/s, with the network releasing 7,200 LTC to miners daily. However, with the expected supply shock, how Litecoin prices react is yet to be seen. If past cycles guide, Litecoin may rally. According to Litecoin daily price charts, LTC has a resistance at around $115 but is trading below $100. At this level, it is down 23% from July 2023 peaks.

According to a recent report by crypto research firm Messari, Tezos has been progressing in its roadmap development, with several new features and upgrades being introduced to the network. The platform’s core developers have announced a strategic shift to hybrid optimistic/zk rollups, with multiple teams committed to building rollups that will enable the platform to process more transactions per second (TPS) and enhance scalability. Tezos DeFi Ecosystem Booms Per the report, the recent launch of the 14th network upgrade, Nairobi, has brought improvements to the platform, new rollup functionality, and enhanced attestations. In addition, Tezos core developers have unveiled the Data Availability Layer (DAL), which operates in parallel with Tezos Layer-1 and ensures data availability while scaling bandwidth and storage capacity. Tezos has also been experiencing growing traction in the Decentralized Finance (DeFi) space, with the Total Value Locked (TVL) nearly doubling in the past year. The platform is seeing the launch of several new DeFi protocols, including novel DEXs, lending protocols, and perps protocols. To further support the growth of the Tezos ecosystem, the XTZ Ecosystem DAO has been introduced to manage and distribute XTZ, Tezos’ native token, to support community initiatives. Nevertheless, despite experiencing a strong Q1 2023, with market capitalization surging from $0.66 billion to $1.03 billion (+55%), outperforming the broader market by 9%, the platform saw a 30% Quarter-over Quarter (QoQ) drop in Q2, ending the quarter with a market capitalization of $0.72 billion, primarily following the SEC’s complaints against Binance and Coinbase. Furthermore, the total crypto market capitalization during Q2 increased by 2%, driven by Bitcoin and Ethereum, which saw a 7% and 6% rise, respectively, propelled by the introduction of Bitcoin Spot Exchange-Traded Funds (ETFs). On the other hand, Tezos’ revenue, measured by total gas fees spent (excluding storage costs), experienced an 82% QoQ decrease in Q2, primarily influenced by a 79% decrease in the average transaction fee. The reduction in the average transaction fee was attributed to the decline of the XTZ price and a slowdown in NFT front-running bidding activities. Fixed Inflation Rate And Burn Mechanisms Tezos’ native token, XTZ, serves multiple functions within the network, including staking, governance, and payment for gas fees. The token has a fixed annual inflation rate of 4.4%, with a total supply of 965 million XTZ. The report notes that Tezos has implemented burn mechanisms by creating new accounts or smart contracts and imposing penalties on misbehaving validators. Moreover, During Q2, Tezos displayed consistent usage levels compared to previous quarters. The network recorded an average of 53,000 daily smart contract calls and 41,000 daily transactions, indicating a 7% decrease and a 1% decline in QoQ, respectively. However, NFTs remain the key driver of activity on Tezos, while DeFi applications continue to see greater adoption. Conversely, Tezos’ ecosystem experienced mixed activity, with NFTs and gaming remaining relatively flat, while DeFi continues to see increased activity. Regarding decentralization and staking, Tezos has a globally distributed validator set with a high staking rate relative to other base-layer protocols. Looking ahead, Tezos’ strategic shift in its roll-up roadmap, continued developments in the Data Availability Layer, and the anticipated activation of the Hybrid Optimistic/ZK Rollup hold promise for further growth and innovation on the network. Overall, Tezos remains a promising player in the blockchain space, with a robust ecosystem and a growing community of developers and users. Currently, the price of XTZ is $0.810801, representing a 0.41% price decline in the last 24 hours and a 2.06% price decline in the past 7 days. The 24-hour trading volume for XTZ is $15,383,765.48, indicating significant trading activity on the Tezos network. Featured image from Unsplash, chart from TradingView.com

Dogecoin remains one of the popular coins despite the crypto bear market and its resilience has seen it garner a significant following. And now, after a long and stretched-out downtrend, a crypto analyst has sounded the buy alarm for the meme coin, giving reasons for this. Time To Buy Dogecoin? According to a crypto analyst known as Kaleo on Twitter, Dogecoin’s current range is a good place to buy. The reasoning for this revolves around expectations that billionaire Elon Musk will integrate the meme coin as a payment method for Twitter. This comes after the billionaire recently incorporated the infamous DOGE logo on his Twitter profile, placing it next to X, the new symbol for the social media platform. And as Kaleo points out, “There’s a solid chance he actually does something this time though, and him including it in his bio at the same time as the X rebrand isn’t just a coincidence.” However, the analyst also points to the fact that this may not be a completely smooth ride for the altcoin. For example, Kaleo explains that Dogecoin’s current rally could reach a cool-off period where it falls in line with the general crypto market trend. But he added that it would be a good idea to “accumulate on any dips we get from here.” What Happens To DOGE If It Is A Payment Method On Twitter? Dogecoin becoming a payment method on the Twitter platform (now X) has been long-awaited by not just the DOGE community but the broader crypto market. This is because such an integration will give the cryptocurrency its most significant use case to date, while also exposing it to the hundreds of millions of users of the social media platform. Historically, whenever Elon Musk has tweeted about the meme coin, it has led to a rapid increase in price. So it is expected that such an announcement of Dogecoin being a verified payment method on Twitter will lead to an at least 100% rally for the digital asset. If DOGE were to be integrated as an accepted form of payment on Twitter, it is possible that the price of the meme coin will rally toward $0.2. However, “it’ll happen fast, and the entire timeline will say it was obvious in retrospect,” Kaleo explains. For now, DOGE’s price is still trending at $0.077, a 9% increase from its Monday price, according to data from Coinmarketcap. Nevertheless, DOGE remains the 7th-largest cryptocurrency with a market cap of $10.89 billion.