Elliptic’s report on the surge in cross-chain crime, particularly the laundering of funds through cryptocurrencies like Monero (XMR), poses a severe threat to Monero’s growth. As the report highlights, privacy coins like Monero used in illicit activities have increased, negatively impacting Monero’s reputation and adoption. Criminals exploit privacy features for money laundering, inviting regulatory scrutiny […]
Chainlink gains bullish momentum from substantial investments in the decentralized finance (DeFi) sector. Notable cryptocurrency figures have expressed confidence in Chainlink’s (LINK) bullish path. A significant investor recently bought 424,443 LINK tokens, injecting $3.25 million at $7.67 per token, boosting Chainlink’s value significantly. Just recently, two transactions involving 788,877 LINK tokens, totaling a $6 million […]
Sponge attracts more buyers SPONGE (SPONGEUSDT) Price Analysis – 10 October The sponge is getting close to the $0.000136 resistance level, which could be breached if the Bulls gain more traction, however, a pullback is unavoidable. If the Bulls’ momentum wanes, the price may briefly consolidate Price Level: Resistance Level: $0.000136, $0.000196, $0.000330 Support Level: […]
BTCUSD Is Poised to Rise Above $28,000 Following a Historical Trend The market appears primed to replicate a historical pattern characterized by significant bullish momentum, observed in November before Bitcoin halving events. Similar occurrences transpired in 2015 and 2019. Presently, on the daily chart, the market is trading slightly above the 75-period Moving Average (MA), […]
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Lucky Block Price Forecast: October 10 The Lucky Block price forecast is for the market to keep building up momentum at a low price level from where it is expected to rally. LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart) Key Levels: Supply Zones: $0.0001250, $0.0000880 Demand Zones: $0.0000260, $0.0000200 The Lucky Block market has now established […]
Lucky Block Market Prediction: October 9 The Lucky Block market prediction is for the price consolidation to stretch through the new week with the same objective of gaining bullish momentum for a rally. LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart) Key Levels: Supply Zones: $0.0001250, $0.0000880 Demand Zones: $0.0000360, $0.0000200 It is looking as if the […]
In the aftermath of rival exchange FTX’s dramatic collapse last year, Binance, the world’s largest cryptocurrency exchange, unveiled its Industry Recovery Initiative (IRI). The aim was to breathe life back into struggling crypto projects, which had been reeling from FTX’s woes. Yet, recent reports from Bloomberg reveal that the IRI has fallen significantly short of […]
Quant Price Forecast: October 8 The Quant Price forecast is for buyers to minimize a bearish hold on the market and prevent further price deterioration. Quant Long-Term Trend: Bullish (1-day Chart) Key Levels: Zones of supply: $117.60, $96.90 Zones of Demand: $87.60, $75.50 Quant buyers are trying to take advantage of the seller’s exhaustion to […]
Arbitrum Price Forecast: October 9 The Arbitrum price forecast is that the market will rebound from its retracement and continue its upward trajectory. Arbitrum Long-Term Trend: Bullish (1-Day Chart) Key Levels: Zones of supply: $0.8500, $0.9700 Zones of Demand: $0.8000, $0.7200 Arbitrum is expected to maintain its upward trajectory towards a $1.1100 significant level. ARB/USD […]
