Cryptocurrency

It appears that the current state of the market is breaking this pattern, though. Given that the DXY has dropped significantly and has recently reached all-time lows, it is reasonable to anticipate that Bitcoin and the larger cryptocurrency market will rise sharply in response.The dynamic nature of the cryptocurrency market itself may be one cause of this broken link. The market grows increasingly complex as it ages, impacted by more variables than just the DXY. Today’s cryptocurrency prices are greatly influenced by regulatory changes, market sentiment and macroeconomic uncertainty.The cautious attitude that has been prevalent on the market lately may also be a contributing factor. The market’s recent volatile regulatory actions and persistent worries about the stability of the global economy may make investors wary of investing in riskier assets like cryptocurrencies. The usual excitement that a declining DXY would have generated may be tempered by this cautious approach.SHIB’s successful break above the $0.000014 price level, which served as a crucial support and gave the current rally the required impetus, has led to the approach of this resistance level. The breach of the crucial $0.000014 level has encouraged traders and SHIB holders to be optimistic, as it may indicate that the cryptocurrency is ready to move higher.Still, the 26 EMA is a significant obstacle. This moving average has demonstrated its ability to accurately predict trend continuations or reversals in the past. A more persistent uptrend may begin if SHIB is able to break above this resistance. On the other hand, if this level is not reached, there could be a retreat or consolidation, which would expose SHIB to further downside pressure.With recent increases in trading volume and renewed interest from the larger crypto community, market sentiment surrounding Shiba Inu has been cautiously optimistic. The price might rise even more as a result of the successful 26 EMA breach drawing in more buyers. The current resistance level, however, may also act as a point of rejection that could cause the rally to halt momentarily. As such, traders should exercise caution.When the price of an asset reaches a certain level, it pulls back then rises to the same level before declining again; this pattern is known as a double top. Two roughly equal peaks, or tops, are produced as a result, indicating that the market has failed to overcome a significant resistance level. This pattern is starting to show up in the case of Bitcoin at the $62,000 mark, which has proven to be resistance on several occasions. As a sign that there may not be enough buying momentum to drive the price higher, the possible formation of this double top pattern worries proponents of Bitcoin.Investors ought to exercise caution and keep a close eye on the price action because a break below the double top’s neckline — the point where the two peaks meet — could lead to additional selling pressure. The market is responding as expected, even though it is still too soon to declare with certainty that a double top has formed.This article was originally published on U.Today More

A “bull market” refers to one in which prices are rising or are expected to rise. This type of scenario benefits cryptocurrencies, like Shiba Inu, because Bitcoin’s upward movement tends to drive other cryptocurrencies’ prices higher.Lucie highlights that Bitcoin’s history tells an intriguing story about how major bull runs frequently follow halving events, but it is not instant — there is usually a waiting period. Historically, such a surge happens around 4-6 months after the halving, Lucie noted.Lucie went on to cite Bitcoin’s various halving cycles, such as the 2012 halving where the bull run took off about a year later. In 2016, major gains kicked in around six months after the Bitcoin halving event while, in 2020, things started heating up around 5-6 months post-halving.It should be borne in mind that historical performance does not guarantee future results, as the market might influenced by other factors such as adoption, macro trends and sentiment.As reported, CryptoQuant Head of Research Julio Moreno weighed in on Bitcoin’s price performance in halving years. Moreno noted that bears have performed in 2024, so far, similarity to 2016 and 2020, while predicting a likely price increase for Bitcoin in Q4, 2024.The same view was echoed by CryptoQuant CEO Ki Young Ju, noting that in the last Bitcoin halving cycle, the bull rally began in Q4. Ju presents this possibility for Q4, 2024, adding that “whales won’t let Q4 be boring with a flat YoY performance.”At the time of writing, BTC was up 1.79% in the last 24 hours to $60,679; the Shiba Inu price was up 5% in the same time frame to $0.00001433.This article was originally published on U.Today More

Indonesia’s First Government-Supported Web3 Program at Coinfest Asia 2024Lisk, a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum, is excited to announce its new partnership with Gerakan Nasional 1000 Startup Digital, an initiative by the Indonesian government’s Directorate General of Informatics Applications of the Ministry of Communications & Informatics Technology (DGIA MCIT). This collaboration introduces Ignit3, Indonesia’s first government-supported Web3 program, aimed at nurturing local innovation and accelerating the Web3 startup ecosystem by providing the necessary resources, mentorship, and networking opportunities to aspiring entrepreneurs.Ignit3 was publicly unveiled during a special side event hosted by Lisk at Coinfest Asia 2024 in Nuanu, Bali, on August 22nd. This event marks a significant step in promoting Web3 growth in Indonesia and will provide detailed insights into the program’s objectives, benefits, and opportunities for involvement.Lisk’s partnership with Gerakan Nasional 1000 Startup Digital is designed to support and scale Web3 projects and entrepreneurs in Indonesia, leveraging government backing to provide crucial resources and mentorship. The collaboration will foster a thriving Web3 ecosystem by combining Lisk’s expertise with the strategic guidance of Gerakan Nasional 1000 Startup Digital, enhancing local innovation and driving the future of blockchain technology in the region.In addition, Lisk is sponsoring the Real World Asset (RWA) track at the ETHSEA Hackathon, furthering its commitment to supporting the Ethereum South East Asia community. The RWA track, co-sponsored by Optimism, will award a $10,000 prize. The collaboration aims to tap into Indonesia’s rich talent pool, focusing on real-world assets and applications while also supporting emerging Web3 developers.For more information about Ignit3, Lisk’s initiatives, and how to get involved, users can visit Lisk’s website and follow them on X, LinkedIn, and YouTube.About LiskLisk is a Layer 2 blockchain dedicated to bringing Web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk’s founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing Web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain.For more information, users can visit Lisk’s website and join their growing network of builders.ContactKhanWahajSerotoninwahaj@serotonin.coThis article was originally published on Chainwire More

The cup and handle pattern is widely acknowledged for its consistent ability to indicate positive trends. A smaller period of consolidation forms the handle after the price first declines and then gradually recovers to form a cup shape. The price usually experiences a significant upward movement after breaking out above the resistance level at the top of the handle. As of now, it seems that Bitcoin is finishing up the handle formation. Traders are waiting for a breakout that could validate the pattern, as the price has been accumulating just below a sizable resistance zone. The measured move indicates a potential target well above $100,000 for Bitcoin if it can break above this resistance. Notably, though, a fundamental increase in the price of Bitcoin is probably required for this pattern to fully materialize. Although strong signals can be obtained from technical patterns, they are frequently triggered by other factors like market sentiment, macroeconomic events or noteworthy news in the cryptocurrency world. The next big bull run for Bitcoin might need to be sparked by a post-halving boost, which has historically given the cryptocurrency significant upward momentum. Historically, there have been notable price increases during the post-halving period, which is currently the case with Bitcoin. The scarcity that results from fewer new Bitcoins coming onto the market frequently pushes prices higher. This could pave the way for an enormous increase in the price of Bitcoin when combined with the bullish cup and handle pattern.This article was originally published on U.Today More

Exactly 15 years ago today, Satoshi Nakamoto debated naming Bitcoin “Titcoin,” Walker noted, with a laughing emoji.In the email, he had proposed using “Titcoin” because he assumed people would pay more attention. He believed it would have appealed to more people. In a follow-up post, Walker highlighted that the “Titcoin” domain, Titcoin.org, may still be active. Upon launching, this domain leads to the webpage for “THE Bitcoin Podcast.” Discovering a “Titcoin” podcast on social media X adds to the twist.Nakomo’s identity has become the subject of discussion following the latest revelation. Some community members claimed that the writing was that of a German. Another group thinks Tesla (NASDAQ:TSLA) CEO Elon Musk could be the brain masked as Nakamoto.Although Satoshi’s identity remains unknown, his legacy is widely known in the crypto and blockchain worlds. Over the years, Bitcoin has achieved remarkable strides and recently received approval as an Exchange-Traded Fund (ETF) in the U.S.This article was originally published on U.Today More

Gavin Wood discussed his current focus, which is primarily on developing the next iteration of the Polkadot protocol, referred to as JAM Chain. He further explains that this new protocol builds on the foundations of both Polkadot and Ethereum, incorporating new ideas to create a more generalized environment that is not strictly a smart contract chain but retains the ability to secure blockchains like Polkadot does. Wood elaborated on JAM Chain’s capabilities, explaining that while it shares some similarities with smart contract environments, it is designed to do much more, using Polkadot’s underlying crypto-economic mechanisms to perform a broader range of tasks.Tom Farley tried to simplify the concept by asking if JAM Chain could be thought of as a Layer 2 or Layer 1.5 on Polkadot. Gavin Wood clarified that the concept of layers becomes complex when discussing Polkadot, which is often referred to as a Layer 0 blockchain because it secures other blockchains. He explained that if Polkadot is considered Layer 1, then JAM could be seen as sitting below it, hosting services that secure these blockchains. Wood suggested that JAM could host more than just blockchains, offering a general-purpose environment that could be classified as Layer 1, with services running on JAM considered Layer 1.5. In this context, blockchains secured by JAM could be considered Layer 2.Polkadot creator mentioned that the gray paper for JAM Chain is still in development, currently at version 0.3.4, with the goal of reaching version 1.0 by next summer. However, he cautioned that software and protocol development are inherently uncertain, so this timeline is more of a target than a fixed deadline.Wood elaborated that the future success of Layer 1 blockchains will hinge more on their communities and service offerings than on minor technological advancements. He stressed that Polkadot was designed to stand out by pushing the boundaries of what’s possible, not just by being a slightly better version of existing platforms. With JAM Chain, Gavin Wood wants to push beyond the usual smart contract model by using Polkadot’s technology. He imagines a platform where developers can run regular software on a blockchain, getting the security and trust of blockchain without the typical smart contract limitations.As the conversation continued, Wood delved into where the blockchain industry seems to be heading, pointing out that too many projects are focused on quick wins rather than building something that will still matter years down the road. He feels that hype often takes priority over substance, with people rushing to create and sell projects, only for them to be passed around without much real value.Finally, when asked about his relationship with Vitalik Buterin, Wood explained that there was no “bad blood” between them despite their competitive positions in the blockchain space. While acknowledging that there will always be some competition, Wood calls for collaboration and mutual respect between the Ethereum and Polkadot ecosystems. More

Topper stands out as the premier onramp solution in the crypto space due to its unique combination of ease-of-use, high approval rates, and broad asset support.Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, has announced a partnership with Argent, the leading smart wallet on Starknet, with over 2 million users. This collaboration expands global access to the Starknet ecosystem by integrating Topper’s wide-reaching onramp into Argent’s wallet. Topper’s reach across 150+ countries opens doors for people worldwide to join Starknet. Now, more users can easily buy digital assets and use Starknet through Argent wallet, no matter where they live.As the crypto landscape continues to evolve, partnerships like this between Topper and Argent pave the way for increased adoption and usability, making crypto adoption more accessible for everyone.About ArgentArgent is a leading cryptocurrency wallet provider dedicated to simplifying the complexities of managing digital assets. With a focus on security, usability, and innovation, Argent empowers users to engage confidently with the world of decentralized finance.About TopperTopper, the easy fiat on-ramp with higher approval rates, is a quick-to-implement web3 payment tool that lets crypto projects process more of their customers’ payments – supporting twice as many digital assets than its competitors. The Topper payment widget is built to simplify the payment process, accept more currencies and deliver higher approval rates, resulting in fewer declines. Developed by Uphold, the web3 financial platform, Topper is a reliable, regulated and trusted payment system.About Uphold Uphold is committed to making web3 easy. As a web3 financial platform, Uphold serves over 10 million customers in more than 140 countries. It provides businesses and consumers with easy access to digital assets and services. Uphold’s unique “Anything to Anything” interface gives end users seamless access to and between digital assets and national currencies and precious metals. Uniquely, Uphold smart routes orders across 30 trading venues delivering optimal execution and superior liquidity to customers. Uphold never loans out customer assets and is always 100% reserved. The company has pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).Uphold is regulated in the U.S. by FinCen and State regulators. The company is registered in the UK and Canada with the FCA and FINTRAC respectively and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, users can visit uphold.com.ContactPR ManagerLauren BukoskeySerotoninlauren@serotonin.coThis article was originally published on Chainwire More

1MarketMakers are launching a new service – 1MM Startup Kit, which will assist startups entering the market.According to the team, to remain competitive in the market, blockchain startups must now adhere to traditional business principles. It’s not enough to simply activate a bot for automated liquidity maintenance. Long-term solutions are crucial: community support, marketing, a sound economic strategy, and tokenomics that attract investors. Marketing and Community: Analyzing the current marketing strategy and assisting in growing the project’s audience. 1MarketMakers seeks potential partnerships with funds, bloggers, and advisors who can vouch for the project and represent the team in the crypto sphere.Tokenomics: Assisting in developing tokenomics from scratch or improving existing ones to potentially appeal to investors. Listing and MM Strategy: Creating a listing and market-making strategy that supports the project’s development. This strategy helps the team to fund the project’s potential ongoing growth. The team helps to select the exchanges suitable for the project and devise a market-making tactic that aligns with the project’s long-term goals.1MarketMakers always sides with the client — it is crucial for the team to provide support from the ground up to help avoid mistakes at various stages of development. Their 1MM Startup Kit service encompasses marketing, tokenomics, listing tactics, and other details essential for a successful launch, helping the project achieve its goals and objectives.1MarketMaking has been in the market for over 5 years, successfully helping companies enter and stay in the market to:About 1MarketMaking1MarketMaking has a large team of experts in different fields aiming to provide the best solutions. In this era of constant changes, they prefer a distributed team format, and the team is based in Dubai, Nursultan, Tel Aviv, and Kyiv. If users want to meet them in person just leave a request and they will discuss the most convenient place in the world for a meeting.To contact the team for a free consultation and receive a complimentary project launch strategy: 1MM.team. Users can also follow on LinkedIn and X.To receive this offer, users can enter the promo code 1mmpr2024 in the message field of the feedback form.ContactCEODMITRY VOSTRUHIN1marketmakerssupport@1mm.teamThis article was originally published on Chainwire More