FET has been red-hot of late and is touting a price increase of over 60% this week, which is greater than some of the bigger cryptocurrency players such as Bitcoin, Solana, and TRON. A big chunk of this upward momentum is hailed directly from Fetch.ai’s new announcements, including a brand-new global Innovation Lab being opened in San Francisco, California, which is going to really push at the boundaries of AI technology. Investors’ excitement has been driven by their ability to become a lab innovation driver, so FET is seen to gain by another 14% and most likely hit $1.537 on September 25, 2024. The Innovation Lab is where early-stage startups could emerge with developing AI agent solutions, and Fetch.ai has earmarked $10 million yearly in support of these projects. Related Reading: Dogecoin Rally: Over 70% Of Holders Enjoy Profit As Memecoin Climbs 9% With probably up to $1 million spending on each project, the lab is sure to be one of the most critical drivers for Fetch.ai’s exponential growth. No wonder that this strategy has unquestionably heated up the price surge as investors await the potential for game-changing developments emanating from this initiative. FET Recovery And Market Sentiment After suffering from intense selling pressure, FET was able to see a bounce with incredible strength. In the past 24 hours alone, FET has added an extra 7% to its gain, setting among the top AI cryptocurrencies. The good thing gets to stand out fully when it comes to the nature of this recovery, all things considered. Other focus projects on AI, such as Near Protocol and Internet Computer, have had it in the red in recent times, having shed 14% in the last 30 days. On the other hand, FET showed resilience in this period by being in the green 43% of the days. Market sentiment towards Fetch.ai is cautiously optimistic. Currently, the Fear and Greed index is 55, which is a Greed sentimentᅳnot too overboard. This would indicate interests in Fetch.ai, though many investors are not getting carried away, and that may prove more sustainable. Related Reading: NEAR: Network Upgrade Gives Token 23% Price Boost – Details Whale Activity And Trading Volume Whale activity has also played a role in the performance of FET recently. A crypto whale has proven to regret a past sale of its FET holdings, Lookonchain reports. The price of $FET has surged 70% in the past 7 days! A whale seemed to regret selling before and spent 2.385M $USDT to buy 1.79M $FET back from #Binance at a higher price of $1.33 6 hours ago This whale sold 2.33M $FET for 2.385M $USDT at $1.02 from Aug 11 to Aug 23.… pic.twitter.com/SNIbPrNp0z — Lookonchain (@lookonchain) August 26, 2024 Over the course of the period beginning on August 11 and ending on August 23, the whale in question unloaded 2.30 million FET for a total of 2.38 million USDT at an average price of $1.02. Particularly noteworthy is the fact that the same whale repurchased almost 1.80 million FET at an average price of $1.33, which demonstrates his confidence in the viability of the asset. Technical Indicators And Future Outlook Fetch.ai is currently Neutral technically, according to CoinCodex. However, the current-forecast price gap is promising: By September 25, 2024, FET should rise 14.23%. This projection and market sentiment suggest investors may consider buying Fetch.ai. Featured image from Pexels, chart from TradingView
The XRP price, despite struggling over the last few years due to the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), continues to enjoy a lot of support from the community. This has materialized in the form of countless bullish predictions that the altcoin will rally and regain its lost glory. […]
Is the Ethereum co-founder doubtful about the long-term potential of DeFi? Well, one of his latest statements about DeFi in X sounds so. Unsurprisingly, the controversial statement has received strong criticism from the crypto community, even from a few top crypto business leaders like DeFinance Capital founder and CIO Arthur and Frax Finance founder Sam …
Michael van de Poppe, a well-known cryptocurrency trader and analyst, suggested in his latest video analysis that Bitcoin might be poised for a significant breakout. Excited to know more, step in. BTC Price on a Bullish Breakout, If This Happens! In his analysis, he highlighted that BTC is currently within a crucial range between $61,000 and $62,000. …
Analysts polled by FactSet are expecting Nvidia to hit earnings of 65 cents per share, up 141% year-over-year.
The recent arrest of Pavel Durov, founder of the popular messaging app Telegram by French authorities has sent shockwaves through the cryptocurrency industry. He’s being accused of allowing illegal activities on Telegram, sparking a major debate about privacy and government control. The news has sparked strong reactions from key figures in various industries. Many are …
Ripple’s recent legal developments have made waves in cryptocurrency, particularly for XRP enthusiasts. Ripple has been ordered by a U.S. court to pay a $125 million penalty, which might seem hefty but is a significant win for Ripple, signaling the potential end of the four-year legal battle with the SEC. This outcome is a victory …
Hundreds of surveyed women ranked their attraction to male hobbies, and crypto polled laughably low on the “attractive” meter.
The stablecoin market cap, excluding algorithmic stablecoins, has reached $168 billion, its highest point in history.
In a recent Podcast with Aaron from Altcoin Daily, Benjamin Cowen, known for his quantitative market analysis, highlights intriguing historical patterns in the crypto market. What Happened In The Previous Cycle? Analyzing the market trends, Cowen suggests that the current Bitcoin cycle mirrors past patterns from 2013, 2017, and late 2021. He believes that the …
Hong Kong's Securities and Futures Commission (SFC) has found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people familiar with the situation.
As Nvidia’s Q2 Earnings report are eagerly awaited, the AI-based crypto assets have been surging over the past week. AI tokens such as Near Protocol (NEAR), Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER) have seen gains outpace the wider crypto market over the past week. Nvidia will release its second-quarter results on Wednesday, …
Amid the ongoing crypto bullish rebound led by Bitcoin (BTC), Tron (TRX), a top-tier layer one (L1) blockchain, has emerged as a leader in the large-cap altcoins. According to the latest market data, TRX price traded about $0.165 on Monday, up around 4 percent in the past 24 hours. Most importantly, TRX price, against the …
Favorable tailwinds for Bitcoin include the outcome of the U.S. presidential election in November and interest rate cuts next month.
Trying to time the Bitcoin bottom as the perfect time to buy is a pursuit for many cryptocurrency traders. As a result, crypto analysts have used various indicators in the quest to predict the best time to buy Bitcoin. This pursuit has not waned even with the BTC price hitting a new all-time high earlier this year, as crypto analyst R.N. Elliot has sounded the alarm for what he believes is the best time to buy the leading cryptocurrency. Time To Buy Bitcoin The analyst’s chart points to a “Double Zigzag” pattern that has formed for Bitcoin. As the name implies, it includes two different zigzags, both of which are likely to play out the same way. Since the first pattern has already been completed, which the crypto analyst places with the BTC all-time high above $73,000. Related Reading: Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance Since the analyst believes that the second zigzag pattern could form the same way, it’s likely it has already playing out following a crash from $70,000 to below $50,000. If this analysis is right, then it could mean that the Bitcoin price is ready to recover from here. From here, a Bitcoin recovery could put the price above $74,000, which would mean a bran-new all-time high for the pioneer cryptocurrency. Additionally, such a surge would have a market-wide impact, triggering another possible bull run for altcoins alike. Using The Elliot Wave To Time The Bottom Elliot’s analysis focuses on the popular Elliot Wave tool as a way to predict when would be the best time to start buying Bitcoin. This tool uses a series of waves in an attempt to predict when the price might rise and fall, suggesting periods of bearish and bullish momentum. By applying this tool, the crypto analyst believes he has been able to pinpoint an end to the bearish trend. Going by the crypto analyst’s predictions, the time to start buying Bitcoin is now as the zigzag pattern is still in progress. As for the Elliot Wave theory, the crypto analyst explains that Bitcoin is in the third wave. However, this isn’t a standalone wave with a prediction that it will consist of five subwaves. Related Reading: Analyst Predicts 2,200% Explosion Will Send Cardano To $8, Here’s When As this wave progresses, Elliot expects that an “Expanding Diagonal” pattern could be formed. According to the analyst, this pattern usually arises in an unstable market. However, with the formation continuing, he believes that the price will rise. The targets for the Bitcoin price rally are placed at $84,331.6 for a short wave and $106,219.6 in the event of a longer wave. Regardless of the length of the wave, either of these price points would guarantee a brand-new peak for the pioneer cryptocurrency. Featured image created with Dall.E, chart from Tradingview.com
In a post on X from August 25, Shiba Inu (SHIB) has announced its intention to establish a decentralized autonomous organization (DAO). The announcement was detailed by Shiba Inu’s marketing lead, Lucie (@LucieSHIB). The Vision For A Shiba Inu DAO Lucie emphasized that Shiba Inu currently stands as the 13th largest cryptocurrency by market capitalization, […]
Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia’s incoming earnings report.
The crypto economy has exploded by $623 billion in just seven months! Bitcoin’s market value surged by over $20,000, while Ethereum jumped more than $470. However, the crypto market is on high alert as it awaits several key events, including releasing the US Personal Consumption Expenditures (PCE) inflation data and remarks from Federal Reserve officials. …
Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance. SOL price started a fresh upward move above the $150 and $155 levels the US Dollar. The price is now trading above $155 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start another increase if it clears the $162 resistance zone. Solana Price Regains Strength Above $155 Solana price started a fresh increase above the $150 resistance level. SOL remained stable and gained pace for a move above the $155 resistance level. It even cleared the $160 resistance level, beating Ethereum and Bitcoin. The price traded as high as $162 and is currently consolidating gains. There was a minor correction below the $160 level. The price tested the 23.6% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. Solana is now trading well above $150 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $158 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $162 level. The next major resistance is near the $165 level. A successful close above the $162 and $165 resistance levels could set the pace for another steady increase. The next key resistance is near $178. Any more gains might send the price toward the $184 level. Are Dips Limited in SOL? If SOL fails to rise above the $162 resistance, it could start a downside correction. Initial support on the downside is near the $158 level and the trend line. The first major support is near the $155 level. A break below the $155 level might send the price toward $148 or the 61.8% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. If there is a close below the $148 support, the price could decline toward the $135 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $158 and $155. Major Resistance Levels – $162 and $165.
The TRON community has successfully raised the network’s energy cap to 120 billion in the backdrop of the SunPump frenzy last week. This development is expected to boost transactions for TRX stakers, lower gas fees, and enhance overall network activity. Tron founder Justin Sun shared that he’s impressed by the TRON community’s execution. The TRX …
Story Highlights The live price of the EGLD crypto token is . The Elrond price could go as high as $67.93 by 2024. With a potential surge, the EGLD price could reach a high of $252.68 by 2030. The projects based on Defi have undergone a sustained upward move. As traders always look for a …
The Discord servers of several high-profile blockchain projects were all hit with similar attacks over the weekend — all sharing links to sham token distribution schemes.
The company says its CEO has nothing to hide as Toncoin's losses subside.
XRP price is consolidating above the $0.5920 level. The price could start a fresh increase if it clears the $0.6050 resistance zone. XRP price is eyeing a fresh increase from the $0.5920 level. The price is now trading below $0.600 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.6020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6050 resistance zone. XRP Price Aims Higher XRP price attempted another increase above the $0.6150 level. The price was able to clear the $0.6180 and $0.6220 resistance levels. However, upsides were limited above $0.630 unlike Bitcoin and Ethereum. The price traded as high as $0.6306 and trimmed most gains. It traded as low as $0.5925 and is currently consolidating losses. There was a minor increase above the $0.5950 level. However, the price is now trading below $0.600 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price might face resistance near the $0.60 level. There is also a connecting bearish trend line forming with resistance at $0.6020 on the hourly chart of the XRP/USD pair. It is close to the 23.6% Fib retracement level of the downward move from the $0.6306 swing high to the $0.5925 low. The first major resistance is near the $0.6050 level. The next key resistance could be $0.6160 or the 61.8% Fib retracement level of the downward move from the $0.6306 swing high to the $0.5925 low. A clear move above the $0.6160 resistance might send the price toward the $0.630 resistance. The next major resistance is near the $0.6350 level. Any more gains might send the price toward the $0.6550 resistance or even $0.6880 in the near term. More Downsides? If XRP fails to clear the $0.6050 resistance zone, it could another decline. Initial support on the downside is near the $0.5920 level. The next major support is at $0.5880. If there is a downside break and a close below the $0.5880 level, the price might continue to decline toward the $0.5650 support in the near term. The next major support sits at $0.5550. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5920 and $0.5850. Major Resistance Levels – $0.6050 and $0.6160.
In 2020, the Ethereum Foundation sold 100,000 ETH, and the price surged over 500% in the months following. There’s no telling what will happen this time.
Toncoin, a cryptocurrency linked to the Telegram messaging app, has recently seen a sharp decline in its value. The drop of nearly 20% came after news broke of the arrest of Telegram’s billionaire founder, Pavel Durov, in France. This event has raised concerns about the future of Toncoin and its role in the crypto market. …
The Saint Petersburg and Moscow exchange (Russian Stock Exchange) has denied recent reports that it is preparing to launch a state-run cryptocurrency trading platform. Earlier this week, rumors circulated that both the St. Petersburg and Moscow exchanges were planning to introduce crypto services. However, the St. Petersburg Currency Exchange has clarified that it has no …
The recent Bitcoin downtrend has officially ended, signaling a potential shift in market momentum. As we examine the breakout, key price targets and support levels are coming into focus, along with critical resistance points that could shape Bitcoin’s next moves. Analyst Capo took to his Telegram handle and said that Bitcoin is showing signs of …
Ethereum price is consolidating above the $2,700 resistance. ETH could gain bullish momentum if it clears the $2,785 resistance zone. Ethereum is struggling to gain pace for a move above the $2,800 level. The price is trading above $2,700 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,780. Ethereum Price Starts Consolidation Ethereum price remained stable above the $2,650 level. ETH formed a base and started a steady upward move above the $2,720 level. There was a move toward the $2,820 level. A high was formed at $2,820 and the price is now correcting gains like Bitcoin. There was a minor pullback below the $2,780 level. The price declined below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $2,820 high. Ethereum price is now trading above $2,720 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,720 on the hourly chart of ETH/USD. If there is another increase, the price might face hurdles near the $2,780 level. The first major resistance is near the $2,820 level. A close above the $2,820 level might send Ether toward the $2,880 resistance. The next key resistance is near $2,950. An upside break above the $2,950 resistance might send the price higher toward the $3,000 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,780 resistance, it could start another decline. Initial support on the downside is near $2,720 and the trend line. The first major support sits near the $2,675 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $2,820 high. A clear move below the $2,675 support might push the price toward $2,620 where the bulls could emerge. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,780
The malware targets popular crypto wallets frm the likes of MetaMask, Coinbase, and Binance, on macOS operating systems.