• The collapse of the giant cryptocurrency exchange FTX has been beneficial for industry competitors, as trading on major exchanges boomed after the incident.
• According to the Bank for International Settlements (BIS), whales on big exchanges like Binance, FTX and Coinbase may have exited the platforms „at the expense of smaller holders“ by cutting down their Bitcoin (BTC) holdings as retail investors went on a buying frenzy.
• Analysts had evaluated the number of downloads of cryptocurrency investment applications, which revealed that approximately three-quarters of users had downloaded an app when BTC was above $20,000.
FTX Collapse Was A Boom For Other Exchanges
The collapse of the giant cryptocurrency exchange FTX has been beneficial for industry competitors, as trading on major exchanges boomed after the incident. According to a research conducted by Bank for International Settlements (BIS), whales on big exchanges such as Binance, FTX and Coinbase may have exited these platforms at “the expense of smaller holders” by cutting down their Bitcoin (BTC) holdings as retail investors went into a buying frenzy.
Whales On Giant Exchanges Cashed Out
On one hand, while prices tumbled all users traded more but whales sold whereas skrill bought. This implies that while one cohort reduced its stockpiles another increased theirs for a quick profit using the ‘buy the dip’ principle. On this note, BIS pointed out in its report that analysts had evaluated the number of downloads of cryptocurrency investment apps which revealed that approximately three-quarters of users had downloaded an app when BTC was above $20,000.
Retail Investors Flocked To Cryptocurrencies
With whales from giant exchanges cashing out retail investors flocked to buy cryptos meaning while one cohort reduced its stockpiles another increased theirs for a quick profit using buy-the-dip principle. In this regard BIS noted in its report that analysts had evaluated number downloads cryptocurrency investment applications which revealed that around three quarters users had downloaded app when BTC was above $20K.
Crypto Shocks And Retail Losses
In February 20 newscast ‚Crypto Shocks and Retail Losses‘ BIS reported that price big market cap cryptos like Bitcoin (BTC) and Ethereum (ETH) among others plunged in 2022 however amount daily active users exchanges such Coinbase and Binance skyrocketed news FTX fiasco reached investor’s ears with many trying weather storm converting investments stablecoins other tokens appeared looked stable promising around time period .
Conclusion
Overall it can be concluded from BIS research that large investors sold off their crypto assets during market downturns while retail investors took advantage them buying low prices potentially turning profits later date when prices rose again.
• CELO is a cryptocurrency project that makes it easier for smartphone users to make payments using blockchain technology.
• The company has users from over 100 countries, and hosts more than 3 million wallet addresses.
• CELO is the native token of the platform, used to pay transaction fees as well as act as a governance token on the network. It also has three other coins associated with the project – CUSD, CEUR and CREAL linked to the US Dollar, Euro and Brazilian Real respectively.
What Is CELO?
Celo is a cryptocurrency project that makes it easier for smartphone users to make payments using blockchain technology. It uses people’s phone numbers and email addresses to identify users on the network, which is otherwise done with a public key. The company now has users from over 100 countries and hosts more than 3 million wallet addresses while being under the leadership of strong founders such as Rene Reinsberg and Marek Olszewski.
The Native Token
CELO is the native token of the platform, used to pay transaction fees as well as act as a governance token on the network. It has a blockchain of its own but can also work with other blockchains such as Ethereum. These tokens can also be staked to earn passive income since Celo is based on Proof-of-Stake (PoS) consensus mechanism.
Associated Coins
In addition to this, Celo has three other coins associated with it by name – CUSD, CEUR and CREAL linked to US Dollar, Euro and Brazilian Real respectively – all working together for better accessibilty of blockchain technology across different geographical locations around the world..
Price Prediction
CELO price prediction suggests that investors are anticipating prices close to $1 in 2021 last seen in August 2022 when compared against current market price trends in 2021..
Conclusion
With an ambitious mission statement at hand – making blockchain technology more accessible – Celo aims at bridging financial gaps between different parts of world while providing an easy user experience through their mobile application interface. We hope our predictions prove right in terms of returns for investors who choose this project!
• Bloktopia had a pump this week with RobotEra having higher upside potential in the metaverse by raising $810,500 in its token presale.
• Looking at Bloktopia’s price history, it is currently in an undervaluation phase and only 9% of its circulating supply are currently in circulation.
• RobotEra is a blockchain game project that provides gamers access to a robust multidimensional metaverse and includes functions such as entertainment, interaction, and trade.
Metaverse Crypto Pumping: BLOK NFTs
This week brought about a crypto pumping for Bloktopia but even more upside potential was found through RobotEra’s token presale which raised $810,500. Web3 space has been popularizing metaverse games lately and it’s important to look into other potential projects and determine which ones are making a difference.
Bloktopia Analysis
The Skyscraper consists of 21 levels paying recognition to 21 million Bitcoin with users known as “Bloktopians”. This virtual hub serves as a centralized platform where users have access to crypto information and immersive content all at once. The world’s most advanced real time 3D Creation Engine allows users to create stunning visualizations while also giving them the opportunity to earn revenue through real estate ownership, advertising revenue, playing games, building networks and more. Currently the market is in an undervaluation phase with only 9% of circulating supply available yet if released suddenly would cause negative impact on price which could be damaging.
RobotEra Presale
RobotEra is another metaverse crypto project with similar features to Sandbox but takes it up a notch by providing players their own world called Taro with access to an extensive multidimensional universe that includes functions such as entertainment, interaction, trading and more! With high return on investment possibilities this project can make waves within the industry so keep your eyes peeled for updates about its progress or any changes made along the way.
Conclusion
Metaverse games have become increasingly popular within the Web3 space so it’s important to stay aware of new projects that might be making waves or offering higher upside potential than others already out there. Being able to identify these opportunities can be beneficial when looking into different investments within this sector – both short-term gains & long-term success stories! Be sure you do your research before investing & always remember that just because something looks promising doesn’t mean it will play out like expected so take caution when deciding what moves forward with your money!
Ankr Price Prediction for Today, January 25:
• ANKR/USD has taken the high road, with the price touching the $0.029 level.
• The ANKR market is still positive, but lacks enough momentum to hit the resistance level of 0.035.
• The Ankr price is hovering above the 9-day and 21-day moving averages, with potential resistances at the $0.030 and $0.035 levels.
Today, the Ankr price prediction shows that the market is taking the high road, with the price touching the $0.029 level. The ANKR market is still positive, but lacks the momentum required to push past the resistance level of 0.035. At the same time, the Ankr price is hovering well above the 9-day and 21-day moving averages, with potential resistances at the $0.030 and $0.035 levels.
Analysts believe that if the bulls can break the resistance level of 0.035, it will result in a huge green candle to the upside, with resistances at $0.035, $0.037, and $0.039 levels and above. This would signify the beginning of a bullish run. On the other hand, a bearish step into the market could drag the price toward the south, possibly rolling the market back to $0.025 support. If the bulls fail to sustain this support, it is possible for the price to break down to the $0.020, $0.018 and $0.016 supports.
It is important for traders to pay close attention to the price movements of the ANKR market in order to make informed and profitable decisions. Analysts suggest that traders should also pay attention to the support and resistance levels in order to get a better understanding of the price movements and make smart investments.
• The founders of the collapsed crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies, are raising $25 million for a new cryptocurrency exchange called GTX.
• GTX is a spinoff from “FTX,” and will allow depositors to transfer their FTX claims to the GTX exchange and get credit using a token called USDG.
• The executive team for GTX consists of several executives from CoinFlex, including the chief technology officer and the general counsel.
The crypto community is abuzz with the news that the founders of the collapsed crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies, are making plans to raise $25 million for a new cryptocurrency exchange known as GTX. This news is especially interesting given that 3AC’s collapse was one of the biggest failures in the crypto industry in 2022.
The new GTX exchange is said to be a spinoff from “FTX,” with one of the pitch decks even using the phrase “because G comes after F.” The pitch deck further states that the exchange will allow depositors to transfer their FTX claims to the GTX exchange and get credit using a token known as USDG.
Furthermore, the 3AC duo is teaming up with Mark Lamb and Sudhu Arumugam, the co-founders of CoinFlex. The GTX executive team comprises several executives from CoinFlex, including the chief technology officer and the general counsel. CoinFlex is an exchange that is also in the process of restructuring. GTX will be using the technology provided by CoinFlex to create the exchange.
The GTX exchange plans to launch as early as February, and its legal team will also oversee the recent claims triggered by multiple bankruptcies, including that of firms like Celsius and Voyager. This news has drawn mixed reactions from the crypto community, but it remains to be seen how successful this new venture will be.
What is certain, however, is that the 3AC founders are taking steps to make sure that the mistakes of the past don’t repeat themselves. With their new venture, they are hoping to create a secure and reliable cryptocurrency exchange that will be a positive addition to the industry. Only time will tell if they are successful.
•The Curve price prediction sees a 14.32% price increase over the past 24 hours of trading as the cryptocurrency touches a $0.69 daily high.
• Curve price may need to rise above $0.70 if the buyers keep the price above the 9-day and 21-day moving averages.
• On the upside, the first level of resistance could be found at $0.75, while the potential resistance levels lie at $0.95, $1.00, and $1.05.
The Curve price has seen a significant surge in the past 24 hours of trading as the cryptocurrency touches a $0.69 daily high. This marks an impressive 14.32% price increase from its lowest point of $0.57 and traders are looking for more spikes in the near future.
Curve (CRV) is a decentralized finance (DeFi) token that is used to facilitate the trading of cryptocurrencies on the Curve platform. The token has a total supply of 1.8 billion and a circulating supply of 531.5 million. It is currently ranked #84 on Coinmarketcap with a market cap of $346.5 million.
If the buyers keep the Curve price above the 9-day and 21-day moving averages, then it may need to rise above the resistance level of $0.70. On the contrary, traders may consider the market as bearish if the sellers bring the market movement below the support level of $0.55.
On the upside, the first level of resistance could be found at $0.75, while the potential resistance levels lie at $0.95, $1.00, and $1.05. Moreover, if the sellers bring the market movement below the support level of $0.55, then there could be potential support levels at $0.40, $0.35, and $0.30.
The Relative Strength Index (14) is currently moving into the overbought region, signaling that the market is currently in bullish favor. However, traders need to be aware that the market could turn bearish in the near future, and use proper risk management practices to protect their investments.
• Zilliqa (ZIL) has been having a strong start to 2023 with 6 consecutive green daily candles and a 24.15% surge.
• Technical analysis shows a bullish sentiment across the short, medium, and long-term with the 20 day, 50 day, and 100 day EMAs in ascending order.
• The RSI and MACD are both in a bullish crossover position with healthy signals.
The crypto market has been on an upward trend since the beginning of the year, with many coins and tokens experiencing a surge in prices. One of the most impressive performers has been Zilliqa (ZIL), which has seen an impressive 10.93% jump while retesting the 20-day EMA. This was followed by an even more impressive 24.15% surge that demolished both the 20-day and 50-day EMAs. Today, prices have continued to climb with another 18.67% rise thus far as of writing.
To get a better understanding of where Zilliqa (ZIL) is headed, it’s important to look at the technical analysis. First, the Exponential Moving Average (EMA) shows a bullish sentiment across the short, medium, and long-term, with the 20 day, 50 day, and 100 day EMAs in ascending order. This is a positive sign that suggests further upside.
The Relative Strength Index (RSI) is currently in oversold territory at 80.44. With the cryptocurrency moving parabolic for the past two days, traders must anticipate a possible retracement and a consolidation before moving up further.
The Moving Average Convergence Divergence (MACD) is in a bullish crossover position with the MACD line breaking out from the zero line due to the recent strong upward trend. Observing the histogram reveals that the MACD is healthy with a steady and gradual increase in momentum.
Taking all of this into consideration, it appears that Zilliqa (ZIL) is in a strong position and could continue to rise in the near future. As the crypto market bounces back, it’s likely that ZIL will see further gains and could even reach new highs. However, traders should also be aware of the possibility of a retracement and should adjust their trading strategies accordingly.
