Category: AI

Coinbase(COIN)stockpricehasstagedastrongcomebackinthepastfewdays,risingtoahighof$196.35,itshighestpointsinceAugust27.Ithasreboundedbymorethan34%fromitslowestpointinSeptember,meaningthatitisinabullmarket. Coinbaseshareshaverisenbyover12%thisyear,whiletheYieldMaxCOINOptionIncomeStrategyETF(CONY)hastumbledbyover50%.Onthepositiveside,itstotalreturnhasbeen1.45%,helpedbyitssubstantialdividendyield. Coinbaseisfacingmajorheadwinds Coinbase,thebiggestcryptocurrencyexchangeintheUS,isfacingmajorheadwindsaspricesremainonedge. WhileBitcoinhasdonewellthisweek,itremainssubstantiallylowerthanitsall-timehighof$73,800.OtheraltcoinslikeEthereum,Ripple,andAvalanchehavealsoslumpedinthepastfewmonths. ThirdpartydatashowsthatCoinbasehaslostmarketshareagainstotherglobalexchanges.DatabyCoinMarketCapshowsthatCoinbasehandledover$2.45billionworthofcryptocurrenciesinthelast24hours. Binancemaintainedthebiggestmarketshare,handlingover$16.7billion.Bybithandled$4.3billion,whileOKXprocessedcoinsworthover$2.7billion.TherearerisingoddsthatotherexchangeslikeGate.io,HTX,andUpbitwillpassCoinbaseinthenextfewmonths. ThesearenotablenumbersbecauseCoinbasewasoncethebiggestcryptoexchangeglobally.ItisalsooneofthemostsecuresinceitisundertheSecuritiesandExchangeCommission(SEC)supervision,andisauditedbyDeloitte,abigfourauditor. Mostimportantly,Coinbase’sinfrastructurehasbeentrustedbylargeETFissuerslikeGrayscaleandBlackrock. ThemainreasonwhyCoinbasehaslostmarketshareislikelybecauseitnormallytakeslongertolistnewcryptotokens.ItisnotuncommonforexchangeslikeBinance,OKX,andHTXtolistmostnewcryptocurrenciesandmemecoinsonthesameday. TheotherchallengeisthatBitcoinandEthereumETFinflowshaveslowed.DatabySoSoValueshowsthatBitcoinETFshaveaddedover$19.36billioninassetsthisyear.Whilethisisagoodnumber,thegrowthhasslowed.SpotEthereumETFshaveshedover$541millioninassets. Coinbase’sBitcoincatalyst Onthepositiveside,therearerisingoddsthattheCoinbasestockpricewilldowellifBitcoinstagesacomeback.Inmostperiods,theexchangeseesmorevolumewhenBTCisdoingwellsincesuchactionleadstomorevolume. TechnicalssuggestthatBitcoinmaystageastrongcomebackinthecomingmonths.Onthedailychart,ithasformedaninverseheadandshoulderspattern,apopularbullishsign. Bitcoinhasremainedabovethe50-dayand200-daymovingaverages,andhasformedafallingbroadeningwedgepattern.Ithasalsoavoidedformingadeathcrosschartpattern. PolymarketusersareupbeataboutBitcoinprices.Apollwithover$534kinfundsshowsthatthereisa64%chancethatBitcoinwillretestandpasstheall-timehighof$73,800laterthisyear.SuchamovewillbenefitCoinbaseanditsstock. Readmore:Bitcoin’s‘Uptober’rallykicksoff,drivenbymarketoptimismandelectionbets BaseBlockchainisdoingwell OnthepositivesideforCoinbase,itsBaseBlockchainisdoingwell.ItstotalvaluelockedintheDeFiindustryhasrisenbyover56%inthepast30daysto$2.50billion,whiletheamountofstablecoinsinithasrisento$3.7billion. BasehasalsobecomealeadingplayerintheDEXindustry.DatashowsthatitsDEXnetworkshandledover$5.6billioninthelastsevendays,makingitthethird-biggestnetworkintheindustry. Sinceitslaunchin2023,BaseBlockchainhasovertakenpopularblockchainslikeCardano,Arbitrum,Avalanche,Polygon,andNearProtocol. Onewayofmonetisingthisbusinesswouldbetolaunchitsairdrop.GoingbyArbitrum’sfullydilutedmarketcapofover$5billion,therearechancesthatBasetokenwouldachieveavaluationofover$6billion. Besides,therecentlylaunchedEigenLayerisvaluedatover$6billion,whileScroll,whichissmallerthanBasehasanFDVof$1.27billion. CoinbasestockvsCONYETF Forinvestors,therearetwomainapproachestoinvestinCoinbase.ThemoststraightforwardapproachistoinvestinCoinbasestock. ThealternativeapproachistobuytheCONYETF,whichusesoptionstomaximisereturns.Itisasingle-stockETFthatgeneratesreturnsbybothbuyingthestockandsellingitscalloptions. CONYhasoneofthehighestdistributionratesintheindustrysinceithasadistributionrateof94.76%anda30-dayyieldof3.70%. Itpaysadividendeverymonth.Dataonitswebsiteshowsthatitmadeapaymentof$1.04inSeptember,$1.006inAugust,and$1.57amonthearlier.Thesenumbersmeanthatitsdistributionsarenotregular. Inmostcases,whenlookingatthetotalreturn,investinginastockisusuallythebetteroptioncomparedtotheETF.Asshownabove,theCOINstockhasrisenby161%inthelast12months,whiletheCONYFundhasrisenby81%inthesameperiod. ThepostCoinbasestockhas2catalysts:istheCONYETFabetterbuy?appearedfirstonInvezz…

XRPpriceismovinghigherabovethe$0.5350support.Thepricetestedthe$0.5550resistanceandseemstobestrugglingtocontinuehigher. XRPpriceisattemptingafreshincreaseabovethe$0.540zone. Thepriceisnowtradingabove$0.5420andthe100-hourlySimpleMovingAverage. Thereisakeybullishtrendlineformingwithsupportat$0.5400onthehourlychartoftheXRP/USDpair(datasourcefromKraken). Thepaircouldtrimmostgainsifitfailstostayabovethe$0.540supportzone. XRPPriceRevisitsResistance XRPpriceremainedstableabovethe$0.5320support.Abasewasformedandthepricestartedafreshincreaseabove$0.5400likeBitcoinandEthereum. Thepriceclimbedabovethe$0.5450and$0.550resistancelevels.However,thebearsareactivenearthekeyrangeresistanceat$0.5550.Ahighisformedat$0.5550andthepriceisnowcorrectinggains.Therewasamovebelowthe$0.550level. Thepricedippedbelowthe23.6%Fibretracementleveloftheupwardmovefromthe$0.5252swinglowtothe$0.5550high.Thepriceisnowtradingabove$0.540andthe100-hourlySimpleMovingAverage.Thereisalsoakeybullishtrendlineformingwithsupportat$0.5400onthehourlychartoftheXRP/USDpair. Ontheupside,thepricemightfaceresistancenearthe$0.5540level.Thefirstmajorresistanceisnearthe$0.5550level.Thenextkeyresistancecouldbe$0.5650.Aclearmoveabovethe$0.5650resistancemightsendthepricetowardthe$0.5800resistance.Anymoregainsmightsendthepricetowardthe$0.5880resistanceoreven$0.600inthenearterm.Thenextmajorhurdlemightbe$0.6120,wherethebearsmightemerge. AnotherDecline? IfXRPfailstoclearthe$0.5550resistancezone,itcouldstartanotherdecline.Initialsupportonthedownsideisnearthe$0.5440levelandthetrendline.Thenextmajorsupportisnearthe$0.5400levelorthe50%Fibretracementleveloftheupwardmovefromthe$0.5252swinglowtothe$0.5550high. Ifthereisadownsidebreakandaclosebelowthe$0.5400level,thepricemightcontinuetodeclinetowardthe$0.5320supportinthenearterm.Thenextmajorsupportsitsnearthe$0.5220zone. TechnicalIndicators HourlyMACD–TheMACDforXRP/USDisnowlosingpaceinthebullishzone. HourlyRSI(RelativeStrengthIndex)–TheRSIforXRP/USDisnowabovethe50level. MajorSupportLevels–$0.5440and$0.5400. MajorResistanceLevels–$0.5540and$0.5550. newsbtc.com

BitcoinhashistoricallyexperiencedstronggainsinOctober,andthistrendseemstobeholding,withBTCsurpassing$66,000andETHreachingatwo-weekhigh. Aftereclipsingthatlevel,bitcoin’spricehadsettledaround$65,850by4pmET—up4.8%from24hoursprior.Etherwastradingatabout$2,620atthattime,a6%gainfromadayago. Seasonaltrendanalysiscontinuestopointtotheso-called“Uptober”narrativeandstrongfourthquarterperformancedespitethemonth’s“patchy”firstcoupleofweeks,accordingtoLMAXGroupmarketstrategistJoelKruger. Readmore:AsBTCralliesafterjobsreport,whatarethe‘Uptober’odds? “Bitcoinandcryptoassetsoverallhaveactuallyheldupquitewelloflatewhenconsideringawaveofbroad-baseddemandfortheUSdollarinrecentweeksonthebackofarepricingofFedexpectations,”KrugertoldBlockworks. Bitcoinhaspushedbacktowarditsrecentresistancelevelatroughly$66,550,hesaid,adding:“Abreakbackabovethislevelshouldopenthedoorforamoredirectretestoftherecordhighfromearlierthisyear.” Despitebitcoinbreakingits2021highearlierthisyear(above$73,000),ETHhasyettosurpassthenearly$4,900markithitthreeyearsago. Thereis“importantresistance”inETH’spricearound$2,820,Krugernoted—abreakabovewhichwouldsuggestcryptoassetsaresetforamoresignificantrun. “Thishasalreadybeenabreakthroughyearfortheassetclassgiventhefriendlierregulatoryclimate,wideradoptionandintroductionofthebitcoinandETHETFsintheUS,”heexplained.“AllofthissuggeststhemarketshouldbewantingtopushforabigbreakoutintheweeksaheadandwewillbekeepinganeyeonthosealreadymentionedkeylevelsinbitcoinandETHforconfirmation.” Thefactorsatplay ChinaFinanceMinisterLanFoansaidSaturdaythatthegovernmentplanstorampupdebtissuancetoreviveeconomicactivity—apotentialpositiveforriskassetslikeBTC. “Whilstnodetailswereprovidedontheexactsize,strongcommitmentsto‘significantlyincrease’debttosupporttheeconomyboostedlocalequitymarkets,”WintermuteOTCtraderJakeOstrovskissaidinanemail. Thatcameafterthechiefexecutiveoftheworld’slargestassetmanager—BlackRock’sLarryFink—saidFridaythat“theutilizationofdigitalassetsgoingtobecomemoreandmoreofarealityworldwide.” BlackRock,withmorethan$11trillionassetsundermanagement,haswadedintothecryptosegmentviaitslaunchofspotbitcoinandetherETFsthisyear. “Ifwecancreatemoreacceptability,moretransparency,moreanalyticsrelatedtotheseassets,thenitwillbeexpanded,”Finksaidofthecryptoassetclassduringanearningscalllastweek. TheCEOalsoquestionedhowtheUScouldlooktodigitizethedollar,noting“allofthatisgoingtobeunderdiscussion.” Finkadded:“Webelievethetechnologyoftheseblockchainsaregoingtobecomeveryadditive,andthenitwilloverlayAIandbetterdataanalytics.Theapplicabilityandthebroadeningofthesemarketswilloccur.” USspotbitcoinETFstallied$349millionofnetinflowsfromOct.7toOct.11,FarsideInvestorsdatashows. InvestordecisionsarelikelybeingdrivenmorebytheupcomingUSelectionsthanbymonetarypolicyforecasts,accordingtoCoinSharesresearchheadJamesButterfillinarecentblogpost. “Thistrendisevidentinthefactthatstronger-than-expectedeconomicdatahadlittleimpactonstemmingoutflows,whereastherecentUSvicepresidentialdebateandasubsequentshiftinpollingtowardstheRepublicans,perceivedasmoresupportiveofdigitalassets,ledtoanimmediateboostininflowsandprices,”headded. Further,thecurrentlackofclarityaroundtheUSelectionoutcomeandgloballiquidityconditionsare“preventingthemarketfromestablishingaclearerdirectionaltrend,”notesFalconX’sDavidLawant. “Asuncertaintysurroundingthesefactorsdiminishes,ETFflowsmayre-emergeasamoresignificantdriverofpriceaction,”Lawantexplainedinaresearchnote. Aportionofexpectedsellingpressurelookstobeoffthetablefornowgiventheone-yeardeadlineextensionforMt.Goxrepayments—fromOct.31,2024toOct.31,2025. Readmore:BitcoinbullsmeettheirthirdfinalbossafterUSandGermany:Mt.Gox AbeliefinrecentmonthshasbeenthatMt.Goxcreditors,whohavelongawaitedthereturnoftheirfunds,couldopttoselltheircryptoanddrivepricesdown. Pricepredictions DanTapiero,founderof1RoundTablePartnersand10THoldings,saidduringapaneldiscussionlastweekthatheexpectsBTCtohitbetween$150,000and$180,000intwoyearsorso. Theupperendofthatwouldbea3xgainfromthe$60,000levelbitcoinhashoveredaroundforawhilenow,hesaid,notingBTC’ssimilarriseinearly2021. FellowpanelistPanteraCapitalCEODanMoreheadgaveamoreexactpriceandtimeline,projectingBTCcouldhit$117,000byAugust2025.This,hesaid,isbasedonpreviouspost-halvingpricepatterns. WhiletherewasplentyoftalkatPermissionlessabouthowmuchtheelection(nownearlythreeweeksaway)willimpactcrypto’strajectoryonewayoranother,Tapieroseemstopreferlookingatthegranderpicture.…

NanoleveragesDAGtechnologytoprovideinstanttransactionswithoutfees,idealforeverydaypayments. Dashcombinesspeedandprivacywithlowtransactionfees,enhancinguserexperiencefordigitaltransactions. DigiByte’sfiveconsensusalgorithmsensuresecurityandminimalfees,makingitacost-effectivecryptocurrencyoption. Thecryptocurrencylandscapeisevolvingwithnewprojectsfocusedonenhancinguserexperiencethroughzero-feetransactionsandrapidprocessingtimes.NotablecontendersincludeNano,Dash,DigiByte,Zilliqa,EOS,andBitcoinSV,eachofferinguniqueadvantages. Nano(XNO)OffersFee-FreeTransactions Currentprice:$0.837 Marketcap:$111.48B NanostandsoutbyimplementingaDirectedAcyclicGraph(DAG)technology,enablinguserstoconducttransactionswithoutanyfees.ThisfeaturepositionsNanoasastrongalternativeforeverydayuseandmicropayments.Usersbenefitfromquicktransactions,makingitanappealingoptionforcommercialapplications. Dash(DASH)EnhancesUserPrivacyandSpeed Currentprice:$22.71 Marketcap:272.10M Launchedin2014asaforkofLitecoin,Dashaimstocreateacryptocurrencythatopposescash.ItboastsfeatureslikePrivateSendforaddedpeaceandInstantSendforswiftdeals.Theaveragetransactionfeeremainslow,usuallyunder$0.20,furthersolidifyingDash’spositioninthedigitalcurrencymarket. DigiByte(DGB)PrioritizesSecurityandSpeed Currentprice:$0.006325 Marketcap:$109.4B DigiBytefocusesonthesecurityandseparationofdigitalpayments.Fivedifferentconsensusalgorithmscreatehighsecuritywithfasttransactionspeed.ThetransactionfeesofDigiByteareverylow,lessthan$0.0005mostofthetime,hencefairlyaffordablefortheusers. Zilliqa(ZIL)AddressesScalabilityIssues Currentprice:$0.01382 Marketcap:$262.78B Zilliqaintroduceschiptechnologytoenhancescalability,enablingtheplatformtohandleagrowingnumberoftransactionsefficiently.Withanemphasisondecentralizedapplications,Zilliqasupportshightransactionthroughputandoffersminimalfeesof0.1ZIL.Thislow-coststructureisattractive,especiallyasZIL’smarketpriceremainslow. EOS(EOS)CreatesaFreeEcosystemforDevelopers Currentprice:$0.4611 Marketcap:$701.09M EOSpositionsitselfasafullyfunctionalandscalableplatformfordecentralizedapplications.Unlikethemajorityofitscompetitors,ithaszerotransactionfees.Instead,thenetworkreservessystemresourcesneededtoprocesstransactionsandletsdevelopersfocusoncreatingwithnoheadacheconcerningcosts. BitcoinSV(BSV)Visionnowstandsinalignmentwith Currentprice:$0.5282 Marketcap:1.11M BitcoinSVisaforkofBitcoinCashandwascreatedtopleasethevisionofBitcoin’screator.Itwaslaunchedin2018andmadetodevelopaworldwidepaymentsystemusingadvancedblockchain.ThefeeforatransactioninBitcoinSVisreallylow,typicallyaslowas$0.006,whichallowsittofunctionforeverydaytransactions. NOVPaymentsFostersCryptocurrencyAdoption Currentprice:$0.117…

Kamala Harris has made her first public statement in favor of protecting crypto, saying she wants the United States to “remain dominant” in blockchain, artificial intelligence, and other nascent technology…

Terraform Labs will shut down a number of products and services on Oct. 30 if no third parties step up to take them over, the company warned on X on…

Bitcoin (BTC) faced inertia at the Sept. 25 Wall Street open as overhead resistance strengthened. BTC/USD 1-hour chart. Source: TradingView BTC price “chop” may face October reckoning Data from Cointelegraph…

Bitcoin (BTC) has achieved significant success since its inception, but some within the community remain concerned about its future. On Sept. 14, a Redditor on the Bitcoin subreddit appealed to…

If you’ve been scammed, it might seem like your crypto is lost forever. Decentralized blockchain wallets can’t be frozen in the way bank accounts can. And even if the scammer…