On the fringes of the G20 meeting, Sitharaman held a news conference. This comes following PM Narendra Modi’s recent appeal for a worldwide crypto framework. Nirmala Sitharaman, Finance Minister of India, said on September 9 that a worldwide framework to govern crypto assets will be established under the country’s G20 presidency, with support from the IMF and the FSB. Today she announced that the G20 would decide whether or not to regulate or outright prohibit crypto assets. The Finance Minister stated: Banking on Synthesis Paper On the fringes of the G20 meeting, Sitharaman held a news conference with the Foreign Minister S. Jaishankar and the G20 Sherpa Amitabh Kant. It was also noted in the G20 discussion document that the BIS Innovation Hub (BISIH) Report on Lessons Learned on CBDCs is appreciated. Sitharaman further added: According to her, the International Monetary Fund has put greater attention on the macroeconomic consequences of crypto assets, while the Financial Stability Board has prioritized crypto rules. This comes following Prime Minister Narendra Modi’s recent appeal for a worldwide framework to regulate cryptocurrencies during his presentation at the B20 Summit India 2023. Highlighted Crypto News Today: Stellar (XLM) Shines With 18% Gains Amidst Market Uncertainty

The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. This ETF application had a tame impact on the price of Ether, with the cryptocurrency only climbing to $1,650 the following day. Moreover, the token has almost fully reversed the minor gains from the significant development. Ethereum Price Registers 0.1% Rise Last Week – Here’s Why Ethereum currently changes hands at about $1,628, according to data from CoinGecko. A negligible 0.1% price increase in the last seven days underscores the struggling market performance of the second-largest cryptocurrency. A spot ETH exchange-traded fund is an investment vehicle that tracks the price of Ethereum on the spot market, allowing investors to buy and sell the crypto asset via a brokerage account. A product of this kind is expected to boost interest and investment in the Ether token. Nevertheless, the price of ETH has remained relatively unmoved this week despite the optimistic news. A recent report by blockchain analytics firm IntoTheBlock has provided insight into why the news barely impacted the price of Ethereum. ‘Supply & Demand Balance’ According to the data analytics platform, the current supply and demand balance is one of the primary reasons why the ETH price continues to move sideways. “Large holdings are concentrated close to ETH’s current price, consolidating prices in a tight range,” IntoTheBlock said. IntoTheBlock data shows that a total of 5.1 million ETH was acquired below the $1,600 mark to create support, while a total of 6.5 million ETH was purchased at a price above this level to establish resistance. The blockchain analytics firm concluded that traders agree to transact within a narrow range with a large concentration of ETH positions. ‘Automated Buying, Discretionary Selling’ Additionally, IntoTheBlock believes that while bullish traders seemed to have bought the news, “discretionary sellers” overtook the narrative not too long after. “A key factor behind the discretionary selling is likely to be FTX’s upcoming liquidation of reportedly $3B in crypto holdings,” the report read. While FTX has yet to disclose when it intends to execute these liquidations, it is likely that recent activity on the exchange’s wallets alarmed the market. This sentiment also seems to be reflected in the performance of SOL after global payment giant VISA disclosed that it will use the Solana network for payment settlements. While the value of SOL jumped by more than 5% to trade above $20 immediately after the announcement, the cryptocurrency is back trading beneath $19.5. With the Ethereum and Solana tokens constituting a significant portion of FTX’s holdings, it is likely that the slow market performance of these assets is driven by traders being cautious because of the impending liquidation.

As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days. XLM To Reach $1? With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to $1 if certain conditions are met. According to the analyst’s post on September 8, this bullish prediction is formed on a potential crossover between two technical indicators, namely the 200-day Moving Average (MA)and the 21-day Exponential Moving Average (EMA). To explain, the MA indicator reflects the average price data over a specific period of time, e.g., 200 days. It is constantly updated and can be used to identify trade areas and recognize market trends. On the other hand, The EMA performs a similar function but with a focus on more recent price points. Due to its method of calculation, the EMA reacts to price changes faster than the MA. Based on EGRAG CRYPTO’s prediction, if there is an upward crossover of the 21 EMA and 200 MA on XLM’s weekly chart, there is a possibility the token could experience a 500% price surge in the coming months, surpassing the dollar mark to trade at $1.10. This prediction is mainly based on historical price data, as XLM witnessed a similar massive price gain when this crossover occurred between 2020 and 2021. However, it is worth stating that all predictions are speculations without guarantees and should not be relied on as investment advice. Another Partnership For Stellar? In other news, the Stellar community appears to be expecting a massive positive update in the next few days. On September 2, Stellar Development Foundation shared with its crypto community that “Something cool is dropping in 10 days”. This announcement was well received, with the XLM token rising by 10% in the next 24 hours. Interestingly, some enthusiasts predict Stellar could announce a new partnership in the coming week. The blockchain network has already collaborated with companies such as American remittance firm MoneyGram and Circle, the company behind the USDC stablecoin. In fact, Stellar announced a minority investment in MoneyGram earlier in August. For now, it remains unknown what this new development could be. However, there is the possibility it could elicit some effect on XLM’s price trajectory. At the time of writing, XLM is trading at $0.132, having gone up by $0.132 in the last day. In tandem, the token’s daily trading volume has gained by 21.33% and is valued at $119.14 million.

Ripple’s Chief Legal Officer, Stuart Alderoty calls SEC’s latest filing hypocritical pivot. Attorney James K. Filan mocked the SEC for its newfound judicial resource concern after its previous attempt to pause proceedings. The Securities and Exchange Commission (SEC) has filed yet another interlocutory appeal in its relentless pursuit of a legal case against Ripple Labs. This latest move by the SEC has not gone unnoticed, Ripple’s Chief Legal Officer, Stuart Alderoty, was quick to label it as “hypocritical.” Alderoty, who also serves as Ripple’s general counsel in the lawsuit, did not mince words in highlighting the seemingly inconsistent stance of SEC Chairman Gary Gensler. For years, the SEC had maintained a strict posture, insisting that “rules are clear and must be obeyed.” However, in a surprising turn of events, the SEC is now urgently seeking an appeal to address what it describes as “knotty legal problems.” Crypto Community Response The legal community hasn’t been shy about its skepticism either. Attorney James K. Filan took a swipe at the SEC’s sudden concern for conserving judicial resources, pointing out that in a previous filing, the SEC had sought to stay all proceedings. Pro-XRP lawyer John E. Deaton joined the chorus of criticism, ridiculing the SEC’s newfound priorities. Crypto enthusiasts have also voiced their perspectives on the matter, further contributing to the polarized debate surrounding the case. Views fluctuate between criticism and support for both Ripple and the SEC. However, one undeniable fact remains: the Ripple vs. SEC case transcends being just a legal battle. It has emerged as a pivotal determinant for how the future of cryptocurrency will unfold within the United States. As the case continues to evolve, it not only tests the boundaries of cryptocurrency regulation but also has the potential to shape the regulatory landscape for years to come. At the time of writing, Ripple’s native cryptocurrency, XRP, traded at $0.5031 with a daily trading volume of $496 million. Over the past 24 hours, XRP’s price experienced a modest increase of approximately 0.6%. Also the leading altcoin saw a 1.5% rise over the course of the week.

Stellar leads gainers with 18% surge; hints at rebranding and RWA focus. Total Crypto market volume drops by 42% in 24H. The entire crypto market is currently marked by high volatility, contributing to it, the global crypto market cap stands at $1.04 trillion, with a slight 0.26% increase over the last day. The total crypto market volume over the past 24 hours has decreased significantly, down by 41.47%, to $16.89 billion, according to CoinMarketCap. Notably, the total volume in DeFi accounts for $1.78 billion, constituting 10.51% of the total crypto market 24-hour volume. Furthermore, the volume of all stable coins has reached $15.74 billion, representing 93.20% of the total crypto market 24-hour volume. Bitcoin‘s dominance currently sits at 48.29%, marking a decrease of 0.10% over the day. In the midst of this, it has become rare to witness cryptocurrency charts turning green and experiencing significant surges. Nevertheless, there are some hopeful signs among today’s top gainers. Stellar (XLM) Stellar has consistently topped the gainers chart for over a week. After enduring a bearish month with a 7% decline, it has shown signs of recovery over the past seven days, with a notable surge of 18% and an additional 8% increase in just 24 hours. This price upswing follows a somewhat cryptic announcement made by the Stellar organization on social media. While lacking specific details, the announcement hinted at something significant happening on September 12, with phrases like “something cool is dropping” and “change” on the horizon. Meanwhile ,The trading volume for XLM has also increased by 19% in the last 24 hours, and an analysis of its daily chart reveals a bullish sentiment, with the RSI at 58, indicating a neutral sentiment. Kucoin Token (KCS) Kucoin Token, on the other hand, experienced a dark bearish month, with a 26% dip over 30 days. The coin reached a one-year low of $3.82 at the start of September. However, this week has seen a significant recovery, with a 6% surge and an additional 4% increase in just 24 hours. Nonetheless, the trading volume of Kucoin has decreased by 19% in the past 24 hours, and it remains 86% away from it’s all-time high set two years ago. The daily chart analysis for Kucoin Token indicates a bearish sentiment. Currently it is trading at $4.160. Arweave (AR) Arweave follows a similar sentiment to the two previous cryptocurrencies, having also endured a bearish month with a 17% decline. It has seen a slight recovery in the past week and a current surge of 4% in the past 24 hours, with the price hovering around $4.18 to $4.30. However, the trading volume for Arweave has decreased significantly by 49%, resting at $2,675,105. The daily chart reveals a battle between bears and bulls, with the RSI at 43, indicating it is nearing an oversold condition. Highlighted News Today U.S. SEC Issues 20-Page Reply in XRP Lawsuit Appeal

While several altcoins are gaining attention for their innovative features, there are three standout altcoins: Polygon (MATIC), ApeCoin (APE), and Everlodge (ELDG). These tokens have shown strong potential, making them the most promising altcoins to watch in 2023. Continue reading as we dive into what makes them compelling investments. Polygon is an altcoin to watch in 2023 for the solution it introduces in the blockchain space and strong performance in the crypto market ApeCoin’s resilience during the unstable crypto market and tangible utility make it a promising altcoin Everlodge’s innovative concept and significant growth potential make it an altcoin to watch Join the Everlodge presale and win a luxury holiday to the Maldives Polygon (MATIC): Scaling Ethereum Polygon (MATIC) is a layer-2 scaling solution built on the Ethereum network. It rose to prominence for addressing scalability issues facing the Ethereum network. Furthermore, Polygon witnessed widespread adoption for some of the solutions it introduced to Ethereum. These include enhanced speed and cost-effectiveness of transactions. This in turn propelled Polygon to a leading status in the crypto landscape, ranking 14th by market capitalization. What makes Polygon a promising altcoin to watch in 2023 covers features such as scalability, interoperability, and security. Moreover, it has shown resilience and momentum in the crypto market. Consequently, it is a token to watch this year. ApeCoin (APE): The Governance Token of the APE Ecosystem ApeCoin (APE) was created after the success of the Bored Ape Yacht Club (BAYC) NFT collection. It is the governance token of the APE ecosystem, which empowers the decentralized autonomous organization (DAO). It does this by enabling ApeCoin token holders to vote on proposals. Moreover, ApeCoin is a leading cryptocurrency, ranking 61st by market cap. It has also shown resilience during the unstable crypto market, making it a solid token. Thus, based on its tangible utility, which includes governance, and its market performance, ApeCoin is an altcoin to watch. It is also an investment not to be missed in the remaining months of the year. Everlodge (ELDG): An Altcoin to Watch out For In addition to Polygon and ApeCoin, Everlodge (ELDG) is another token making waves for its innovative concept. As a token with strong fundamentals spanning blockchain and traditional real estate, Everlodge has a strong stance in the crypto space. This is one of the primary reasons why it is an altcoin to watch in 2023. Furthermore, by building a property marketplace on the blockchain, Everlodge aims to limit the barrier to participation in the real estate industry. Traditionally, the industry is synonymous with the wealthy, which it sets out to democratize. By employing the fractional ownership model and NFT, members can co-own luxury villas and vacation homes with just $100 and earn profits. Additionally, its ecosystem will include more than a marketplace but also a Launchpad, a rewards club, and lending. The launchpad will allow property developers to raise capital and users to get into projects early to maximize ROIs. On the other hand, the rewards club gives users the opportunity to enjoy free nightly stays in properties, while loans can be collected with NFTs as collateral. Moreover, its explosive growth potential also makes it a token one to watch out for in 2023. While it is currently in presale stage 2 at a token price of $0.016, analysts forecast a 50x rally before the end of the year. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge

Bullish SAND price prediction for 2023 is $0.3778 to $0.4796. The Sandbox (SAND) price might reach $1 soon. Bearish SAND price prediction for 2023 is $0.2367. In this The Sandbox (SAND) price prediction 2023, 2024-2030, we will analyze the price patterns of SAND by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION The Sandbox (SAND) Current Market Status What is The Sandbox (SAND)? The Sandbox (SAND) 24H Technicals THE SANDBOX (SAND) PRICE PREDICTION 2023 The Sandbox (SAND) Support and Resistance Levels The Sandbox (SAND) Price Prediction 2023 — RVOL, MA, and RSI The Sandbox (SAND) Price Prediction 2023 — ADX, RVI Comparison of SAND with BTC, ETH THE SANDBOX (SAND) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ The SandBox (SAND) Current Market Status Current Price $0.3043 24 – Hour Price Change 0.32% Down 24 – Hour Trading Volume $33,548,283 Market Cap $628,317,480 Circulating Supply 2,064,931,926 SAND All – Time High $8.44 (On Nov 25, 2021) All – Time Low $0.02894 (On Nov 04, 2020) SAND Current Market Status (Source: CoinMarketCap) What is The Sandbox (SAND) TICKER SAND BLOCKCHAIN Ethereum CATEGORY ERC-20 Token LAUNCHED ON 2011 UTILITIES Governance, Fast Transactions, gas fees & rewards The SandBox (SAND) is one of the popular play-to-earn (P2E) gaming tokens in the metaverse arena. The SandBox is a blockchain-based 3D metaverse game and SAND is its native token. SAND was launched as an ERC-20 token in 2011. SAND has a wide range of use cases within The SandBox game. Primarily, SAND serves as the entry pass for users to enter the game and facilitates transactions on the platform. Later on, they can use the token to customize their game avatars and buy LAND on the metaverse. Moreover, it is also deployed in trading in-game assets on The Sandbox marketplace. It grants voting rights to its holders through its native DAO. Users can also stake SAND tokens to earn rewards. The SandBox continues to aid the process of decentralizing mainstream gaming. Major real-world entities have become setting their foot into The SandBox metaverse. The Sandbox 24H Technicals (Source: TradingView) The Sandbox (SAND) Price Prediction 2023 The Sandbox (SAND) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the The Sandbox price prediction for 2023 is explained below with a daily time frame. SAND/USDT Descending Channel Pattern (Source: TradingView) In the above chart, The Sandbox (SAND) laid out a Descending Channel. Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. At the time of analysis, the price of The Sandbox (SAND) was recorded at $0.3043. If the pattern trend continues, then the price of SAND might reach the resistance levels of $0.3681, $0.4844, $0.7131 and $0.9485. If the trend reverses, then the price of SAND may fall to the support of $0.2893. The Sandbox (SAND) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of The Sandbox (SAND) in 2023. SAND/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of The Sandbox (SAND) for 2023. Resistance Level 1 $0.3778 Resistance Level 2 $0.4796 Support Level 1 $0.3014 Support Level 2 $0.2367 SAND Resistance & Support Levels The Sandbox (SAND) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (SAND) are shown in the chart below. SAND/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current The Sandbox (SAND) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.3704Price = $0.3040 (50MA> Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 29.80 <30 = Oversold 50-70 = Neutral>70 = Overbought Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume The Sandbox (SAND) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of The Sandbox (SAND) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). SAND/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of The Sandbox (SAND). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 10.8991 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 48.28 <50 = Low >50 = High Low volatility Comparison of SAND with BTC, ETH Let us now compare the price movements of The Sandbox (SAND) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs SAND Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of SAND is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SAND also increases or decreases respectively. The Sandbox (SAND) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of The Sandbox (SAND) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price The Sandbox (SAND) Price Prediction 2024 $1.8 $0.4 The Sandbox (SAND) Price Prediction 2025 $2.3 $0.9 The Sandbox (SAND) Price Prediction 2026 $3.4 $1 The Sandbox (SAND) Price Prediction 2027 $4.5 $1.2 The Sandbox (SAND) Price Prediction 2028 $5.7 $1.5 The Sandbox (SAND) Price Prediction 2029 $6.2 $1.7 The Sandbox (SAND) Price Prediction 2030 $7.5 $2 Conclusion If The Sandbox (SAND) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish The Sandbox (SAND) price prediction for 2023 is $0.4796. Comparatively, if unfavorable sentiment is triggered, the bearish The Sandbox (SAND) price prediction for 2023 is $0.2367. If the market momentum and investors’ sentiment positively elevates, then The Sandbox (SAND) might hit $1. Furthermore, with future upgrades and advancements in the The Sandbox ecosystem, SAND might surpass its current all-time high (ATH) of $8.44. and mark its new ATH. FAQ 1. What is The Sandbox (SAND)? The SandBox (SAND) is a play-to-earn (P2E) gaming token native to The SandBox, a 3D metaverse game. It was launched as an ERC-20 token in 2011. 2. Where can you purchase The Sandbox (SAND)? The Sandbox (SAND) has been listed on many crypto exchanges which include Binance, BTCEX, OKX, Bitrue, WhiteBIT, and CoinTiger. 3. Will The Sandbox (SAND) reach a new ATH soon? With the ongoing developments and upgrades within the The Sandbox Platform, SAND has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of The Sandbox (SAND)? On Nov 25, 2021, The Sandbox (SAND) reached its new all-time high (ATH) of $8.44. 5. What is the lowest price of The Sandbox (SAND)? According to CoinMarketCap, SAND hit its all-time low (ATL) of $0.02894, On Nov 04, 2020. 6. Will The Sandbox (SAND) reach $1? If The Sandbox (SAND) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be The Sandbox (SAND) price by 2024? The Sandbox (SAND) price is expected to reach $1.8 by 2024. 8. What will be The Sandbox (SAND) price by 2025? The Sandbox (SAND) price is expected to reach $2.3 by 2025. 9. What will be The Sandbox (SAND) price by 2026? The Sandbox (SAND) price is expected to reach $3.4 by 2026. 10. What will be The Sandbox (SAND) price by 2027? The Sandbox (SAND) price is expected to reach $4.5 by 2027. Top Crypto Predictions Tezos (XTZ) Price Prediction 2023, 2024, 2025-2030 Solana (SOL) Price Prediction 2023, 2024, 2025-2030 Aave (AAVE) Price Prediction 2023, 2024, 2025-2030 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

In recent times, the price has been consolidating within a narrow band. A further decline is more likely, unless a major catalyst turns the table around. According to a recent tweet by Glassnode alerts, an on-chain monitoring tool, the volume of Ethereum (ETH) withdrawals from exchanges has hit a one-month low. The report claims that the number of ETH withdrawals (7d MA) from exchanges has hit 3,109,756. This new low comes after the measure only yesterday hit its lowest point in a month. There has been a dramatic down trend in the crypto market, with Ethereum (ETH) in the forefront. However, Glassnode claims that the actions of Uniswap LPs indicate a high degree of optimism over the price of ETH. The 8.6% bullish slant of the market’s liquidity is much larger than the -2.7% bearish slant. The recent $8.3 billion in ETH futures and options volume is the largest since the Shanghai Upgrade. Moreover, this week, Grayscale Ethereum Trust (ETHE) saw its discount to NAV shrink to its lowest level in a year. Further Decline Anticipated At the time of writing Ethereum is trading at $ $1633, up 0.44% in the last 24 hours as per data from CMC. In recent days, the price has been consolidating within a narrow band. Moreover, a sharp collapse to about $1100 is anticipated if the price manages to break below the crucial support level of $1600. Source: CoinMarketCap On the other hand, a significant rally towards the $2,000 mark is expected if the price manages to break over the $1738 resistance level. Amid the ongoing market sentiment, a further decline is more likely, unless a major catalyst turns the table around.

The appeal filed by the SEC requests that the whole case be put on hold. The SEC requested permission to appeal Judge Analisa Torres’ decision last month. As part of its move to certify its interlocutory appeal in the XRP lawsuit, the U.S SEC issued a 20-page reply memorandum of law yesterday. The SEC is seeking to preserve face by appealing the inquiries asked in the lawsuit, on the grounds that it has an institutional interest in settling the matter, while Ripple is trying to extend the case so that it may keep selling XRP. The appeal filed by the SEC requests that the whole case be put on hold in order to conserve the Court’s and the parties’ time and energy. Ongoing Legal Pursuit The SEC makes the bold claim that none of the opinions addressing Howey in which a court came to the conclusion that the interlocutory order did not contain a legal issue was cited by Ripple, the Defendants. The regulatory body further says that Ripple is incorrectly asserting that the judgement was based on proven facts about the marketing and selling of XRP. Last week, Ripple contended that the SEC hadn’t produced a strong enough case to merit an appeal; Friday’s filing strongly disagreed. The SEC requested permission to appeal Judge Analisa Torres’ decision last month in U.S. District Court. The court heard the SEC’s arguments and gave Ripple until September 1 to respond. The submission on Friday is in reaction to the opposition document filed by Ripple. The SEC will have to argue its case before the Second Circuit Court of Appeals if Judge Torres grants the regulatory body’s request. Highlighted Crypto News Today: Ethereum (ETH) Price Likely to Decline Further Amid Bear Dominance

PEPE, the meme coin that has garnered a cult following in the cryptocurrency world, made headlines once again as an anonymous whale, rumored to go by the name “Alleged Mattfurie,” executed a huge transaction. According to a new PEPE price update, this enigmatic figure exchanged a staggering 726 billion PEPE tokens for approximately 345.7 Ethereum (ETH). What’s more, the acquired ETH swiftly found its way to the Coinbase exchange, adding intrigue to an already sensational move. As of the latest data from CoinGecko, PEPE is currently valued at $0.00000078, with a 24-hour slump of 2.8% and a marginal seven-day loss of 0.1%. However, the impact of this whale behavior is sending ripples through the meme coin’s market dynamics. PEPE’s price saw a brief 3.48% rise on September 7th, but it quickly dropped back to $0.0000007857. This likely indicates that a significant PEPE holder sold their 762 billion tokens at a loss. PEPE Price Conundrum: Caught In A Triangle PEPE’s journey in the world of cryptocurrencies has been nothing short of remarkable. It has not only become a symbol of internet culture but also a fascinating experiment in the world of decentralized finance. While the PEPE token continues to capture the imagination of traders, its price appears to be tightly ensnared within a converging triangular pattern. A separate report suggests that as long as this pattern remains intact, the coin’s price may persist in moving laterally over the coming days. This predicament leaves traders in a precarious position. For traders with a bearish outlook on PEPE, the recent whale transaction may present an enticing opportunity. Some are considering the possibility of short-selling the coin, anticipating a potential breakdown. If this bearish sentiment takes hold, the report notes that PEPE’s price could tumble by as much as 10%, potentially retesting the psychological support level at $0.0000007. Insights And Speculation Abound The sudden influx of PEPE coins into the market has raised several questions about its potential impact. The cryptocurrency market, known for its unpredictability, continues to offer intrigue and speculation, with events like Alleged Mattfurie’s massive PEPE token exchange sparking intense discussions. While some view it as a simple profit-taking move, others see it as a signal of larger market shifts. The meme coin space, in particular, thrives on such dramatic twists, and PEPE enthusiasts remain divided on the implications of this whale’s actions. In the world of cryptocurrency, where every move is scrutinized and analyzed, the PEPE whale’s exchange of 726 billion tokens for Ethereum serves as a reminder of the volatility and excitement that come with these digital assets. As PEPE continues to occupy a unique niche in the crypto landscape, observers and traders alike eagerly await the next chapter in this ever-evolving story. (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 The Currency Analytics

Bitcoin (BTC) price struggles between $25,500 to $26,000 range. Bitcoin declined by 2% in the last 24 hours. The world’s leading cryptocurrency, Bitcoin (BTC), is navigating turbulent waters as it grapples with a series of setbacks, causing concern among traders and investors alike. Enthusiasm surrounding the swift approval of SEC’s spot Bitcoin ETFs has dwindled, and the Bitcoin value hovers precariously below the $26,000 mark, raising questions about its future trajectory. Bitcoin’s recent price struggles have seen it slip below the $26,000 threshold, erasing gains made when it briefly surged past $28,000 following Grayscale’s legal victory against the SEC. The situation took a further dip over the weekend, with prices sinking below $25,500. This downturn coincided with the SEC’s decision to postpone its ruling on several Spot Bitcoin ETF applications. While optimists anticipate approvals by year-end, buoyed by Grayscale’s success, skeptics warn of potential new reasons for the SEC to deny these applications. Also, JPMorgan, a prominent financial institution, appears to downplay the significance of SEC approval, as Bitcoin continues to trade below $26,000 with no clear catalysts on the horizon. Bitcoin (BTC) Current Market Status The prevailing sentiment suggests that further declines are more likely, with the possibility of a drop to $25,000 if the ETF situation does not materialize as expected. At the time of writing, Bitcoin is trading at $25,868, with a 24-hour trading volume of $9 billion. BTC’s price has dipped by 2% in the past 24 hours. Bitcoin (BTC) Price Chart (Source: TradingView) Technical analysis reveals that Bitcoin’s price is currently positioned below both the 50-day and 200-day moving averages (MAs). Additionally, the Relative Strength Index (RSI) stands in an oversold zone at 39.58. Notably, the 50-day MA is approaching the 200-day MA, a potential signal of market instability that further adds to the uncertainty surrounding Bitcoin’s future. The current landscape paints a precarious picture: a bearish scenario could potentially drive Bitcoin below $20,000, while a bullish reversal might see it regain the $26,000 mark.

Binance Coin (BNB) has experienced a notable setback, retracing from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, a technical indicator characterized by declining peaks and troughs confined within two converging trend lines. As of the latest data from CoinGecko, BNB is currently trading at $214.94, with a 24-hour decline of 0.9% and a modest seven-day gain of 0.6%. On August 31, the BNB price dipped below the critical $220 local support level, signaling the possibility of further bearish movement. However, amidst the prevailing market uncertainty, BNB’s price has turned sideways, leaving both buyers and sellers in a state of indecision. The falling wedge pattern, often referred to as an ending diagonal pattern, can be seen as a potential signal of exhaustion within a prevailing bearish phase, hinting at a potential trend reversal. If the recent breach below $220 fails to sustain, it could open the door for buyers to challenge the overhead resistance. Binance Coin Potential For Turnaround Price analysis suggests that a successful breakout from this falling wedge pattern would signify a bullish turnaround for BNB. This could potentially propel the coin’s price to target levels of $234, and if momentum continues to favor buyers, it may even reach heights of $247 or even $263. In a parallel development, PancakeSwap (CAKE) has achieved a significant milestone in the cryptocurrency ecosystem. According to a post by glebk.eth, PancakeSwap’s monthly revenue has surpassed that of BNB Chain over the last 30 days. PancakeSwap operates on BNB Chain due to its lower transaction costs, which allow users to swap tokens with significantly reduced fees compared to Ethereum (ETH). Token Terminal data reveals that, as of September 6, PancakeSwap generated fees totaling $96,237, indicating a substantial increase in user transactions compared to the previous day. In contrast, BNB Chain’s 30-day revenue stood at $931,700 on September 7. PancakeSwap’s revenue during the same period, however, exceeded expectations, reaching $970,800. Implications For The Crypto Market These developments in the crypto market highlight the ongoing battle between various blockchain platforms and decentralized exchanges. BNB’s struggle with overhead resistance underscores the challenges faced by cryptocurrencies in maintaining upward momentum amid market volatility. As the crypto landscape continues to evolve, investors and enthusiasts will closely monitor these trends to assess the potential impact on the broader market and the long-term viability of different blockchain ecosystems. (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 Fortune

Shiba Inu (SHIB) seems to have hit a rough patch in recent times, as its price struggles to gain traction in the volatile crypto market. Investors who witnessed a major rally between mid-June and mid-August are now grappling with the harsh reality that these gains have been almost entirely wiped out. As we enter the final quarter of the year, Shiba Inu’s price has exhibited a rather lackluster performance. The token has teetered dangerously close to its July/August lows, casting a shadow of doubt over the optimism that once surrounded it. In fact, a recent price analysis indicates that SHIB has given up over 70% of its gains achieved during its summer surge. Currently, SHIB is trading at $0.00000762, as reported by CoinGecko. Over the last 24 hours, it has experienced a modest 0.3% decline, while the seven-day chart shows also shows an insignificant loss of 2.8%. These figures underscore the prevailing bearish sentiment that has engulfed the Shiba Inu token since mid-August, with the Relative Strength Index (RSI) remaining below the crucial 50-neutral level. Shiba Inu Large Holders Up Amidst the challenging period of price volatility that Shiba Inu (SHIB) has been experiencing, there has been a noteworthy development that has captured the attention of market observers within the Shiba Inu network. According to data sourced from IntoTheBlock, a prominent analytics platform, there has been a notable surge in the concentration of SHIB tokens held by large investors. This shift in ownership dynamics is indeed a significant development in the Shiba Inu ecosystem and may hold the potential to influence the trajectory of the token’s price. The data presented in the chart below clearly illustrates this compelling trend, with a striking 77% increase in the number of holders of this meme coin. This surge in the number of holders represents a noteworthy uptick in the distribution of SHIB tokens among a broader spectrum of participants in the market. Such an increase in the holder base suggests a growing interest and participation in the Shiba Inu project, which in turn could serve as a catalyst for renewed optimism and potential price appreciation. SHIB Outlook Meanwhile, as the fate of Shiba Inu remains uncertain in the short term, the increased attention from whales adds an element of intrigue to the story. As the crypto community watches with bated breath, the question remains: Are the whales positioning themselves for a resurgence of SHIB, or is there more to this story than meets the eye? (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 Zipmex

Floki trading volume is up 555% in the past 24H. Floki targets global recognition with Asia-Pacific partnerships Floki, one of the popular memecoins has experienced a monumentary significant surge in the past 24 hours. Its price has risen from 0.0000172 to 0.0000197, and while it has seen a slight decline, it currently stands at $0.00001756. What sets this surge apart is that while Floki is on the rise, other top meme coins like Shiba Inu, Dogecoin and Pepe are seeing declines in their charts. The reason behind this surge can be attributed to a recent tweet from the Floki team. Just hours ago, they addressed the FUD circulating within the community. In their tweet, the Floki ecosystem clarified that the network does not have a founder or co-founder. This statement was made in response to claims that “PetabyteCapital” was the network’s executive. The network emphasized that it is a “community project” at its core, with no history of any top executives whatsoever. The report further highlighted that individuals sometimes falsely associate themselves with the network to generate hype to promote their own scams. It also underscored the importance of community members conducting thorough research and making informed investment decisions. Meanwhile , @100viking, a co-contributor at Floki, also distanced themselves from being the project’s founder or co-founder. Even though they played a significant role in reviving the project single-handedly. Notably, @100viking used their own resources to breathe new life into the project after a developer pulled a rug, and then they handed it over to the community. What Does Floki Have in Store? Floki has ambitious plans for global recognition and has made substantial progress in the vast Asia-Pacific (APAC) region through strategic partnerships. The cryptocurrency’s ecosystem includes the NFT metaverse game Valhalla, set to launch on the mainnet later this year. This innovative game is poised to make a significant impact in China, given its gaming population of over 700 million. Moreover, Floki is its marketing campaign in collaboration with Badminton Asia, aiming to reach an audience of over 600 million people, including 250 million households in China and Hong Kong. Additionally, Floki has strengthened its presence by partnering with ITTF World Table Tennis. It connects with more than 500 million enthusiasts of the sport. FLOKI Price Chart, Source: TradingView An analysis of FLOKI’s recent price movements reveals a prevailing intense battle between bears and the bulls. The short-term 9-day exponential moving average (EMA) currently stands at $0.00001764, indicating a slippery bullish sentiment. The Relative Strength Index (RSI) sits at 43, suggesting that oversold conditions may be on the horizon. And the trading volume of Floki has surged by an impressive 546.07% in the last 24 hours, reaching $51 million.

Steakhouse, a decentralized autonomous organization (DAO)-focused financial advisory firm, in collaboration with Phoenix Labs, a research and development company, has put forth a proposal urging the MakerDAO community to consider allocating up to $100 million from its reserves for investment in tokenized US Treasury Bill (T-Bill) products. The proposal, currently in the discussion phase, aims to explore new avenues for financial innovation within the decentralized finance (DeFi) ecosystem. Unlocking Liquidity Efficiency for MakerDAO? MakerDAO, renowned as the issuer of the DAI decentralized stablecoin, has already made significant investments in US Treasuries through off-chain structures since 2022, amounting to over a billion dollars. By venturing into tokenized T-Bills, MakerDAO seeks to bolster its balance sheet by gaining exposure to low-risk, liquid traditional assets. This move aligns with their long-term strategy of strengthening the stability and sustainability of the protocol. Tokenized T-Bills offer several potential benefits to MakerDAO and its community. Firstly, they provide higher transparency than off-chain structures, simplifying the auditing process and reducing the need for internal resources. With tokenized T-Bills, daily attestations can be streamlined, providing real-time visibility on investment performance. Additionally, tokenized products enable simpler accounting procedures by leveraging daily price feeds, eliminating manual profit returns associated with off-chain investments. Furthermore, tokenized T-Bills offer the potential for increased automation. Asset-liability management, a manual and slow process for MakerDAO, can be automated through tokenized products. This automation would improve efficiency and reduce operational overhead, enabling MakerDAO to focus on other strategic initiatives. In terms of liquidity, tokenized T-Bills present advantages over traditional off-chain investments. Redeeming stablecoins through on-chain tokenized products can be faster than selling off-chain and converting them back into stablecoins. This can provide MakerDAO with greater flexibility and responsiveness to market dynamics. Maximizing Returns? Despite the potential benefits, the adoption of tokenized T-Bills introduces certain considerations. One such consideration is the exposure to higher counterparty risk. However, a competitive market is expected to favor the more secure options, mitigating this risk to a certain extent. Tokenized T-Bills also offer diverse liquidity and yield profiles, providing opportunities for MakerDAO to diversify its investment strategy. Products range from super liquid non-volatile options, which act more like lending protocols with collateralized T-Bills, to frictionless products that offer better rates but require longer subscription and redemption processes. According to the announcement, these options allow MakerDAO to leverage different trade-offs without reinventing the wheel and cater to varying needs within the DeFi ecosystem. Steakhouse, Phoenix Labs, and BlockAnalitica will contribute their expertise in legal, financial, technical, and risk assessment domains to move forward with the proposal. Overall, the proposed allocation of up to $100 million for developing and experimenting with tokenized T-Bill products reflects MakerDAO’s commitment to continuous innovation and exploring new possibilities within the DeFi landscape. As the discussions progress, the community’s collective wisdom and insights will shape the future roadmap of MakerDAO’s investment strategy and contribute to the evolution of decentralized finance. As of the time of writing, the native token of MakerDAO, MKR, is currently trading at $1,113, reflecting a decrease of 0.7% over the past 24 hours. However, over the past seven and fourteen days, the token has demonstrated substantial performance, surpassing most cryptocurrency markets with gains of 2.5% and over 12%, respectively. Featured image from iStock, chart from TradingView.com

Inspect forms a strategic alliance with Ronin Network to enhance web3 gaming. Ronin’s blockchain uniquely caters to gamers, emphasizing inclusivity and easy onboarding. A new ranking system and curated collections like CyberKongz Genkai are among Inspect’s upcoming features. Inspect has announced its alliance with the Ronin Network, marking a new chapter in the web3 gaming world. This partnership signifies more than a technological collaboration; it represents a shared vision to bridge the gaming community, emphasizing inclusivity and facilitating a seamless user onboarding experience. Ronin Network is not an average blockchain. It is designed with gamers in mind, offering a unique ecosystem that fosters inclusivity and smooth user onboarding. The partnership aims to create a more unified gaming community by leveraging Ronin’s specialized features and services. Spotlight on Curated Collections and New Ranking System Inspect is introducing a new ranking system on its platform as part of the alliance. Collections like CyberKongz Genkai will be prominently featured, allowing users to explore curated profiles and projects. This initiative stems from the capabilities of Ronin’s Network, which has been a significant player in the NFT world and is home to the legendary web3 game Axie Infinity. The collaboration between Inspect and Ronin Network is not merely a feature update. It represents a significant leap forward, redefining the capabilities of Inspect’s platform to align with the rapid evolution of the web3 space. The partnership is seen as a game-changer by many in the community, setting a new standard for what can be achieved when two innovative platforms come together. Ronin Network’s native token, RON, is now trading at $0.5126 as per data from CMC. The token faces a support level at $0.5134 and a resistance level of $0.5271, with a 24-hour trading volume of $153,642.

For Bitcoin (BTC), the largest cryptocurrency in the market, the month of September has seen a lack of definitive strength from both bulls and bears, resulting in a period of sideways chop and rapid bouts of volatility. Material Indicators, a prominent crypto analysis firm, sheds light on the prevailing market conditions and highlights the intricacies of short-term price action (PA) against the backdrop of the macro sentiment. Unpredictable Market Conditions Prevail As BTC Seeks Direction Despite a bearish macro sentiment, where a broader downtrend is anticipated, short-term price action often deviates from the macro trend. This phenomenon explains the occasional short-term pumps and rallies observed even within a prevailing downtrend. Material Indicators emphasizes the importance of understanding these dynamics and the potential implications they hold for Bitcoin. Yesterday’s performance of the leading cryptocurrency may have come to a close, but Material Indicators point to indications that another rally could be on the horizon. The firm highlights the Trend Precognition A1- indicator developed and used to spot micro, and macro trends by the firm- continues to exhibit a slight uptick in bullish momentum across the daily (D), weekly (W), and monthly (M) charts, as seen above. This trend suggests the possibility of a resurgence in Bitcoin’s value, albeit with the need for caution and further analysis. As of the time of writing, Bitcoin is currently trading at $25,800, continuing its prolonged period of sideways price movement since the start of the month. However, it is worth noting that Bitcoin has been unable to regain the critical $26,000 level, which holds significant importance for the cryptocurrency. Reclaiming this level is crucial in order to invalidate any potential bearish pressure and mitigate the possibility of Bitcoin experiencing a further decline in its price. Surge In New Bitcoin Addresses Signals Growing Interest Amidst ongoing uncertainty and sideways price action, an intriguing trend has emerged that sheds light on the expanding interest in Bitcoin. Notably, approximately 527,000 fresh Bitcoin addresses are being created on a daily basis, reaching a new yearly high. Renowned crypto analyst Ali Martinez delves into the significance of this surge and its implications for the cryptocurrency market. The surge in new Bitcoin addresses suggests a growing curiosity and engagement with the digital currency, even during a period when its price has witnessed occasional drops. This surge in address creation indicates that an increasing number of individuals are showing interest in Bitcoin, potentially attracted by its underlying technology, decentralized nature, and potential for financial independence. For long-term investors and advocates of Bitcoin, this surge in address creation serves as a positive sign, reflecting sustained interest and trust in the cryptocurrency’s network. It demonstrates that individuals are not deterred by short-term price volatility and are committed to participating in the Bitcoin ecosystem for the long haul. By actively creating new Bitcoin addresses, individuals are essentially establishing a connection to the network and positioning themselves to engage in various Bitcoin-related activities, including sending and receiving funds, participating in decentralized applications (DApps), and exploring the broader cryptocurrency ecosystem. Ali Martinez emphasizes that this upward trend in address creation is significant as it suggests an expanding user base and a potential influx of new participants into the Bitcoin market. As more individuals join the network, it strengthens the overall resilience and legitimacy of Bitcoin, further solidifying its position as a prominent player in the global financial landscape. Featured image from iStock, chart from TradingView.com

Siu notes that Saudi Arabia is making an attempt to enter the next generation of the internet. Saudi Arabia has poured $38B into the gaming industry through its Public Investment Fund. Saudi Arabia’s aspirational Vision 2030 has fueled a surge in the country’s attempts to diversify its economy. The kingdom has welcomed new technology like blockchain and AI, and entered lucrative new areas like the gaming industry in an effort to reduce its reliance on oil. However, Web3 experts believe that the country’s efforts in the gaming business might have far-reaching effects, even if it has yet to make a big impression on the global game and AI development. Animoca Brands co-founder Yat Siu stated: Siu notes that Saudi Arabia is making an attempt to enter the next generation of the internet by forming collaborations with companies like The Sandbox and even Animoca. Siu further added: Driving Expansion in Middle East Saudi Arabia, along with the UAE, is driving the expansion of the Middle Eastern gaming sector due to the desire of its youthful, tech-savvy populace. A Boston Consulting Group study estimates the regional market to be worth about $1.8 billion, with the kingdom accounting for 45% of it. The Saudi Esports Federation (SEF) was created in 2017 with the goal of developing and regulating esports in the kingdom. According to a Bloomberg article from April, Saudi Arabia has poured $38 billion into the gaming industry through its Public Investment Fund in an effort to establish the country as a major player on the international stage. Highlighted Crypto News Today: Coinbase Targets Global Expansion Searching for Regulatory Clarity

Bitgert’s native token, BRISE, has seen a remarkable 25.32% price increase in the last 60 days. Recent 24-hour trading data shows a bullish sentiment for BRISE, with a 0.19% price uptick and a 1.53% rise in trading volume. The RSI line’s current reading is 42.10, and it’s moving above its Simple Moving Average, indicating sustained bullish momentum. Bitgert has been making buzz in cryptocurrency market in the past few days. According to a recent Twitter (X) post by Bitgert to its 553.3K followers, BRISE, the native token of Bitgert, has recorded a price increase of 25.32% in the past 60 days. In the last 24 hours, BRISE is currently trading in a bullish sentiment where the bulls have led the price to increase by 0.19% and is currently being traded at $0.0000001868 with intraday highs of $0.0000001893 and intraday lows of $0.0000001842. The trading volume has also increased by 1.53%, suggesting that the current bullish trend might continue in the hours ahead. BRISE/USD 24-hour price chart (source: CoinMarketCap) BRISE Technical Analysis In the last 24-hour technical analysis of BRISE, the Relative Strength Index (RSI) exhibits a bullish sentiment in the hours ahead. This is indicated as the RSI line is moving above its Simple Moving Average (SMA) suggesting that the bullish trend might continue in the hours ahead. The current reading of the RSI line is 42.10. The Moving Average Convergence Divergence (MACD) line is currently trending above its signal line, signaling a bullish market trend. This upward movement suggests that buying pressure is rising, making it an opportune time to consider going long. Adding to this bullish outlook, the trajectory histogram has positioned itself in the positive zone, further reinforcing market optimism. BRISE/USD 24-hour price chart (source: TradingView) Bitgert’s native token, BRISE, is showing strong bullish indicators in terms of price movement and technical analysis. The MACD line and RSI suggest that the bullish trend will likely continue, supported by a slight increase in trading volume.

The U.S. SEC has filed a complaint against the cryptocurrency exchange. As part of its growth strategy, Coinbase is focusing on several new priority markets. Given the relative clarity of national crypto legislation, Coinbase has identified many nations outside the United States as potential future hubs for its business. On September 6th, Coinbase’s international VPs Nana Murugesan and Tom Duff Gordon wrote a blog post identifying the European Union (EU), United Kingdom (UK), Canada, Brazil, Singapore, and Australia as “near-term priority markets.” Strategic Expansion Plan Moreover, they noted that these nations are “enacting clear rules” and promised that Coinbase will make these nations a priority by expanding in these regions. They also said the United States influence in the crypto industry is at danger since it is “sidelining itself” on regulatory matters. The U.S. SEC has filed a complaint against the cryptocurrency exchange, accusing it of offering unregistered securities and conducting unlawful business. Also, as part of its growth strategy, Coinbase is focusing on several new priority markets. It detailed its aims to form alliances with international and domestic banks and payment processors to increase its fiat ramps and guarantee that its governance systems are in accordance with applicable regulations. It will also step up its lobbying and public relations operations in anticipation of the European Union elections next June. Moreover, it said that it would maintain a “scorecard” on the development of each country’s crypto regulation efforts and that it aims to work with the G20 in an effort to build global crypto standards. Also, it seems like Coinbase is directing the bulk of its G20 lobbying efforts at Brazil, which will preside over the G20 in 2024. Highlighted Crypto News Today: Bitcoin’s Price Analysis: Relief Rally on the Horizon?