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Showing posts from October, 2024

The Role of NFTs in Digital Identity

Non-fungible tokens (NFTs) are revolutionizing digital identity by providing secure and verifiable representations of individuals online. Unlike traditional identifiers, NFTs leverage blockchain technology to create unique, immutable records that enhance privacy and security. By minting NFTs that encapsulate verified personal information—such as educational qualifications, professional achievements, or artistic works—individuals can establish a trusted digital identity. This allows users to control their own data, sharing it selectively and mitigating risks associated with data breaches and identity theft. NFTs also facilitate the creation of dynamic digital portfolios, where individuals can showcase their skills and experiences. This is particularly beneficial for freelancers, artists, and professionals seeking to enhance their credibility and visibility in their respective fields. Additionally, NFTs can function as access tokens, granting holders special privileges or access to exclu

Trader Says Cardano Mirroring 2020-Style Price Action, Suggests ADA on Cusp of ‘Pump’ – Here’s His Outlook

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Cryptocurrency analyst and trader Ali Martinez is leaning bullish on Cardano (ADA) amid a bounce in the market. Martinez tells his 76,100 followers on the social media platform X that Cardano is currently “following a similar pattern to 2020” where it went up by approximately 4,095% in around 343 days. “If history repeats, we might see a pump around November 18th — about two weeks after the US elections — and a potential market top by September 2025.” Source: ali_charts/X Cardano is trading at $0.355 at time of writing. Next up is Bitcoin (BTC). Martinez says that based on the Market Value to Realized Value (MVRV) pricing bands, Bitcoin could appreciate by around 16% from the current level over the short term. The MVRV is a ratio used to determine whether Bitcoin at any given time is undervalued or overvalued. The MVRV pricing bands use standard deviations to signal the undervaluation or overvaluation of Bitcoin. A value of 1 standard deviation indicates a neu

Ripple Price Prediction for Today, October 30 – XRP Technical Analysis

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The Ripple price prediction shows that XRP may exceed the 9-day and 21-day moving averages to hit the resistance level of $0.550. Ripple Prediction Statistics Data: Ripple price now – $0.522 Ripple market cap – $29.67 billion Ripple circulating supply – 56.81 billion Ripple total supply – 99.99 billion Ripple Coinmarketcap ranking – #7 Ripple (XRP) has demonstrated remarkable price evolution since its inception, particularly for early investors. Starting at an all-time low of $0.002802 on July 4, 2014, it has surged by an impressive 18,611.14%, showcasing the potential for significant returns. Although it peaked at $3.84 on January 4, 2018, and is currently trading between $0.5196 and $0.5284, representing a decline of about 86.35% from that high, XRP’s long-term growth highlights the opportunities available for those who engage early with promising crypto projects. XRP/USD Market Key Levels: Resistance levels: $0.600, $0.620, $0.640 Support levels: $0.450, $0.430, $0.410

VeChain: Can VET Reclaim Its All-Time High If Bitcoin Hits 80,000?

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The cryptocurrency market is picking up, with Bitcoin (BTC) reclaiming the $72,000 mark. While other mainstream assets follow BTC’s trajectory, VeChain (VET) seems to struggle to gain momentum. Source: CoinGecko VET’s price is down 0.8% in the daily charts, 2% in the weekly charts, 3.1% in the 14-day charts, and 12.4% over the previous month. Despite the dip, however, it has been up 17.1% since late October 2024. Also Read: Shiba Inu: By When Can You Turn $1000 Of SHIB To $500,000? Why Is VeChain Struggling While Bitcoin Is Rallying? VET investors may be looking at other opportunities to make profits. Based on the upcoming US Presidential election, BTC’s latest rally is likely fuelled by market participants taking positions. Many predict a market-wide rally if Donald Trump wins the election, with BTC taking center stage. Market participants and investors may be weary about VET’s future performance and uncertain about how the asset will perform over the next few months. Will The Asset R

Intel: INTC Expects Steepest Revenue Drop in 5 Quarters Amid AI Struggles

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As the stock still attempts to rebound from underwhelming Q2 earnings data, Intel (INTC) is bracing for its steepest revenue drop in five quarters as it continues to struggle within the AI sector. Despite the booming market, the company has failed to capitalize on its position, with the chipmaker floundering. The company is set to announce its most recent quarterly earnings on October 31st. There is the hope that it would drive interest, but a negative outcome could hinder any attempt at a bounceback for the firm. All eyes are now on Intel CEO Pat Gelsinger to orchestrate a plan to drive competition once again. Source: Business Insider Also Read: Intel: Is Quantum Computing Key to an INTC Comeback? Intel Struggles Continue as INTC Poised for Massive Revenue Drop The last two years have seen the stock market’s information technology sector thoroughly embrace AI. With the meteoric rise of OpenAI’s generative chatbot, ChatGPT, demand for the tech has skyrocketed. Moreover, its potential a

Crypto Whales Accumulate One Ethereum (ETH) Rival From Binance and Kraken: Lookonchain

Crypto whales are accumulating tens of millions of dollars worth of one Ethereum (ETH) rival from two top exchanges, according to on-chain data. Blockchain tracking firm Lookonchain reports that three deep-pocketed investors have suddenly accumulated nearly $35 million worth of Solana (SOL) from Binance and Kraken. “Whales are accumulating SOL! AA21…VxH9 withdrew 153,511 SOL ($26.4 million) from Binance in the past six days [from October 27th] and staked it. EHax…gAUa withdrew 35,498 SOL ($6.12 million) from Binance and Kraken in the past three days [from October 27th] and staked it. EGzi…mR7g withdrew 13,000.8 SOL ($2.3 million) from Binance [on October 27th] and currently holds 95,651 SOL ($16.83 million).” Solana is trading for $180 at time of writing, up 2.63% in the last 24 hours. Next up, Lookonchain reports that new wallets have suddenly accumulated more than 13 million Neiro on ETH (NEIRO), dubbed by the project as “the official sister of DOGE,” from

Next Cryptocurrency to Explode, October 28 — SPX6900, Fantom, TURBO, MANTRA

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The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) is still struggling to return to its all-time high of $70K but has managed to go back above 67K in the past 24 hours. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Savvy investors anticipate a boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale. 1. SPX6900 (SPX) SPX6900, an Ethereum-based meme coin inspired by the S&P 500, is gaining serious attention. S

Donald Trump Presidency Could Bring “Prolonged Bear Market” For Meme Coins

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A Donald Trump victory in the upcoming US presidential election could bring “regulatory sanity” to the crypto market, potentially leading to “a prolonged bear market” for meme coins. That’s according to Columbia Business School finance professor Omid Malekan, who argued in an Oct. 26 post on X that clearer regulations under a Trump-led administration might be bad news for meme coins. “Regulatory sanity in America is bad for meme coins because it refocuses crypto on DApps and other things that actually matter,” Malekan said in an Oct. 26 post  on X. Meme Coins Are Just A Reaction To An “Oppressive SEC Regime” Malekan argued that a “Republican sweep” could be followed by a revival of initial coin offerings (ICOs), as well as fully open token airdrops and “other kings of token sanity.”  According to the professor, the only reason venture capital-backed meme coins did well was because of the pressure the crypto space faced from Senator Elizabeth Warren and US Securities and Exchange

6 Best Altcoins To Watch Today October 26 – Helium, Gnosis, SPX6900, WEMIX

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Altcoins Injective (INJ) and Fetch.AI (FET) have stirred interest with a potential collaboration, generating positive sentiment among community members and investors. According to a crypto analyst on the Altcoin Buzz podcast, this partnership could support a short-term bullish trend. The analyst noted that INJ demonstrated resilience over the past month, holding steady despite market volatility. Meanwhile, other altcoins are also experiencing positive price movements. For those looking to capitalize on the current market optimism, here are the five best altcoins to watch today. 6 Best Altcoins To Watch Today  The emergence of Goatseus Maximus ($GOAT) brings together AI, internet meme culture, and decentralized finance in an intriguing mix. Recently, GnosisDAO, the decentralized body overseeing the Gnosis Chain, approved a substantial $40 million venture fund, signaling potential growth for the ecosystem.  The SPX6900 token has also shown increased market activity, suggesting a grow