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finixyta
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The world of financial markets, blockchain, and digital currencies. https://www.patreon.com/c/NexusFinance

Ripple (XRP) has surged over 330% in the last 30 days, surpassing Solana's market cap and reaching its highest level since 2018. However, the RSI has dropped to 46, indicating a neutral market sentiment. The CMF is around 0, suggesting weak buying pressure. If the downtrend continues, XRP could test support at $2.16 or even drop to $1.63. If bullish momentum resumes, XRP could retest $2.90 and potentially reach $3. #Ripple #XRP #Crypto #MarketAnalysis

Coinbase faces major scrutiny as users report restricted account access, with many experiencing prolonged freezes and limited support. The exchange cited a surge in activity and fraud prevention measures, but users dispute this, sharing experiences of extended account restrictions. The community has expressed significant dissatisfaction, highlighting the need for improved customer support. #Coinbase #Crypto #CustomerSupport #AccountRestrictions #Regulation

Movement Network launched its native token, MOVE, with a massive airdrop distributing one billion MOVE tokens. The token debuted on Binance's airdrop portal and South Korean exchanges, reaching a market cap of $1.6 billion within hours. The network, built on Ethereum's layer-2 using the MoveVM, raised $38 million in a Series A funding round led by Polychain Capital. The total supply of MOVE is capped at 10 billion tokens, with allocations for early users, investors, and the network's foundation. #MovementNetwork #MOVE #Crypto #Airdrop #Blockchain

Russian State Duma Deputy Anton Tkachev proposes creating a strategic Bitcoin reserve to strengthen financial stability. This move comes amid Russia's softening stance on crypto regulation and global interest in Bitcoin reserves. The proposal highlights the limitations of traditional currency reserves and suggests Bitcoin as an independent alternative. #Russia #Bitcoin #Crypto #Regulation #Reserves

Riot Platforms plans to raise $500 million through a private offering of convertible senior notes to acquire more Bitcoin and fund corporate activities. This move reflects Bitcoin's growing value as digital gold and mirrors strategies used by other companies like MicroStrategy. The offering supports Riot's financial flexibility and confidence in Bitcoin as a long-term asset. #Riot #Bitcoin #Crypto #ConvertibleNotes #Fundraising

Google's new quantum computing chip, Willow, has sparked concerns about its potential to crack Bitcoin's cryptographic algorithms. However, community members reassure that this threat is still years away, as cracking Bitcoin's security would require millions of qubits. The crypto community has long anticipated and prepared for such advancements. #Google #Willow #QuantumComputing #Bitcoin #Crypto #Security

Solana (SOL) is trading 15% below its all-time high, with a market cap of $107 billion. Despite a recent positive BBTrend, the indicator has weakened, suggesting a potential trend reversal. The ADX shows increasing trend strength, but the DMI indicates dominant negative momentum. SOL's EMA lines are bearish, and if the downtrend continues, the price could test support at $221 or even drop to $215. However, a strengthening uptrend could push SOL to $246. #Solana #SOL #Crypto #PriceAnalysis #BBTrend #ADX #DMI

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Cardano approves a new Constitution to guide its governance and growth, enhancing its DeFi ecosystem and Treasury management. Charles Hoskinson highlights the importance of this milestone in empowering the community. The network has seen significant growth, with over 100 million transactions and a surge in DeFi activity. #Cardano #ADA #Crypto #DeFi #Governance

Solana (SOL) shows a bullish setup on its weekly chart, targeting a $300 breakout. Increased online discussions and trading above the Ichimoku Cloud suggest strong support and potential upward movement. If the trend continues, SOL could surpass its all-time high and reach $300. However, resistance could lead to a drop to $215.17. #Solana #SOL #Crypto #PriceAnalysis #Bullish

The US Treasury acknowledges Bitcoin as "digital gold," highlighting its role as a store of value and the growing significance of stablecoins. The report notes Bitcoin's market growth and the increasing demand for US Treasury bills in digital markets. Traditional financial instruments still dominate, but the recognition of digital assets indicates an evolving financial landscape. #Bitcoin #Crypto #US Treasury #DigitalGold #Stablecoins

Cardano (ADA) shows signs of being overvalued with the MVRV Long/Short Difference at 52.71% and a rising NVT ratio. Technical indicators suggest a potential correction to $0.92 if selling pressure mounts. The Bollinger Bands indicate high volatility, with ADA currently overbought at $1.30. A price drop to $0.92 is possible, but increased buying pressure could push ADA above $1.40. #Cardano #ADA #Crypto #PriceAnalysis #Overvalued

Shiba Inu integrates Zama’s FHE encryption to enhance privacy in its Shibarium ecosystem, allowing smart contracts to operate on encrypted data without altering blockchain protocols. This move bolsters Shiba Inu's commitment to innovation and security, with Shibarium surpassing 620 million transactions and seeing increased user engagement. #ShibaInu #Shibarium #Crypto #Privacy #Blockchain #Encryption

Ethereum on-chain data suggests a potential short-term price correction due to falling network activity and selling pressure. The price-DAA divergence and Coins Holding Time indicate decreased user engagement and potential sell-offs. The 4-hour chart shows resistance at $4,073, with a possible drop to $3,788 or $3,572 if selling pressure continues. However, a trend reversal could push ETH towards $4,500. #Ethereum #ETH #Crypto #PriceAnalysis #OnChainData

Telegram-based tap-to-earn crypto games are rapidly losing users despite a thriving crypto market. Factors include repetitive gameplay, reduced airdrop rewards, and security concerns. Top games like Hamster Kombat, Notcoin, and Catizen have seen significant user declines. The TON blockchain's daily active wallets have also decreased. Addressing these issues will be crucial for the future of tap-to-earn games. #CryptoGames #TapToEarn #Telegram #Blockchain #UserEngagement

PEPE, the frog-themed meme coin, surpasses a $10 billion market cap, ranking 21st and overtaking Litecoin. This achievement follows an 18% price surge, driven by increased network activity and user engagement. The MACD indicator suggests potential further gains, with a possible rally to $0.000030 if momentum continues. However, a bearish reversal could see PEPE drop to $0.000015. #PEPE #MemeCoin #Crypto #MarketCap #PriceAnalysis

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Ripple's XRP sees a 25% hike in the last seven days, reaching a high of $2.72 before retracing. However, indicators like the NVT ratio and MFI suggest that XRP may be overvalued and overbought, signaling a potential local top. The daily chart shows lower trading volume, with bears potentially pushing the price down to $1.85 or $1.40. If buying pressure resumes, XRP could climb to $2.90 or even $3.20. #XRP #Ripple #Crypto #PriceAnalysis

Hedera (HBAR) sees a 600% price surge, pushing open interest to an all-time high of $417.98 million. Increasing open interest and a positive funding rate suggest bullish momentum. HBAR's price broke out of a descending triangle, indicating a potential rise to $0.42. However, a retracement below $0.28 support could lead to a decline to $0.22. #Hedera #HBAR #Crypto #PriceAnalysis #OpenInterest

Michael Saylor shares MicroStrategy's Bitcoin accumulation strategy, emphasizing long-term investment and dollar-cost averaging. Marathon Digital also shows confidence in Bitcoin, acquiring 2,723 BTC recently. Saylor believes institutional investors are driving Bitcoin's price higher. #Bitcoin #BTC #MicroStrategy #MarathonDigital #Crypto #Investment