Crypto Push

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👀 Chainlink prices bounce higher alongside Bitcoin ⚡️ Chainlink showed bullish promise after the buyers forced recovery from the $7 support zone. If Bitcoin can climb past the $30.2k mark, it is possible that LINK could break out past the multiple crucial resistance levels overhead. Yet, a BTC slump could erase the recent gains Chainlink bulls achieved. 🔥 The short-term sentiment was bullish once more as speculators flock to the market On 7 and 8 August Chainlink prices climbed higher, accompanied by a swift upsurge in the Open Interest chart. This showed speculators were willing to bid for the token and signaled strong bullish sentiment. The spot CVD halted its descent but was unable to climb higher. 🔶 Taken together, the price action and short-term sentiment showed bullish strength. Yet, whether this can see LINK rally beyond $7.7 to reach $8, $8.8, and $9.5 remained to be seen.

🪙 Ripple gives two cents on SEC ruling, locks new set of XRP ✔️Clarifying misconceptions However, Ripple also addressed some misinterpretations of the judgment. According to the firm, XRP is not just security in some corners but in all areas. Accusing the SEC of being a propaganda merchant, Ripple said, 🗣️The statement that the same “thing” can be sold to buyer “A” as part of a simple buy/sell transaction and also sold to buyer “B” as part of an investment contract is a non-controversial statement of the law. What finds no basis in the law is the SEC’s propaganda to the contrary.🗣️ 🗣️Consumers need protection, but not all roads lead to the SEC. If the SEC’s overreach has exposed a regulatory gap, that gap is not for a court to fill (and certainly not for the SEC to fill without legal authority).🗣️ 📌 XPR locked again As a rule of thumb, Ripple locks XRP occasionally to ensure that market there is a balance between supply and demand in the market. In the report, Ripple also mentioned its XRP balance on the ledger, and in escrow. The report shed light on its holdings: 🗣️XRP that it currently has available in its wallets, and XRP that is subject to on-ledger escrow lockups that will be released each month over the next 42 months.🗣️

🔥 OpenSea: Sales of Ethereum, Polygon NFTs plummet to new lows ➡️The monthly sales volume of Ethereum and Polygon-based non-fungible tokens (NFTs) on the leading marketplace OpenSea has plummeted to its lowest point this year as July draws to a close, data from Dune Analytics revealed. ➡️ Blur leaves OpenSea in a daze Blur continues to dominate OpenSea regarding monthly NFT trading volume, data from DappRadar revealed. According to the data provider, NFTs trading volume on Blur totaled $378.41 million. OpenSea trailed behind it with a trading volume of $126 million, registering a 25% drop during that period. ⚡️However, during the period under review, OpenSea recorded an influx of traders than Blur did. According to DappRadar, traders that completed NFTs transactions on OpenSea in the last month totaled 305,295. Blur saw a mere 35,304 traders.

⚠️ Will Filecoin reach $100? ChatGPT predicts… 🔄 What are the special use cases of Filecoin? This Filecoin ChatGPT query yielded multiple answers that elaborated upon the scope of its operations. Decentralized storage was the first and weightiest era, because it underscores the network’s main solution – a system that can offer a decentralized and immutable data storage solution. Here’s a look at other use cases. 📣 In what scenario will Filecoin be successful in the future? The answer we got to the above question was quite sensible. ChatGPT commenced by stating that the network is poised to achieve success under the right conditions. This is especially important, considering the promising nature of the decentralized storage segment. 💻 What does ChatGPT say about FIL? The Filecoin ChatGPT price prediction inquiry did not yield a clear-cut answer, largely because it does not have access to real-time pricing data. However, it noted that there are multiple factors that affect prices.

User accidentally pays 291 Bitcoins fee 🤯 This case is far from unique 🙃 We have collected the most epic crypto-fails and curiosities in this 👉 YouTube video 👈

🤩 PEPE Price Prediction: How short-traders can profit after a tepid performance ☢️ PEPE is stuck within a range as age consumed begins to drop The 1-day price chart showed that PEPE traded within a range that extended from $0.00000136 to $0.00000185. From the range low to the high it measured a near 36% difference, which suggested a lot of volatility was present in the time PEPE was within the range. 👀 PEPE prices were in a downtrend on the lower timeframes, but will this result in a breakout beneath the range? The price action has had a bearish bias since 17 July on the H4 chart. The momentum and selling pressure have also been on the bearish side over the past week. PEPE made a series of lower highs after falling below the mid-range support at $0.0000016. At the time of writing, it was on the verge of losing the $0.00000148 support as well, and trading volume was low over the past week. ⚡️The next 12-24 hours could establish whether Pepe prices would recover or slump further When trading a range, it is usually better to expect that the range will continue, than to anticipate a breakout each time the price approached the extremes. Hence, the argument behind buying PEPE is simple- it is near the low. If the buyers are unable to force a reaction this week, then the case of a move beneath the range lows can be anticipated.

🤩 PEPE Price Prediction: How short-traders can profit after a tepid performance ☢️ PEPE is stuck within a range as age consumed begins to drop The 1-day price chart showed that PEPE traded within a range that extended from $0.00000136 to $0.00000185. From the range low to the high it measured a near 36% difference, which suggested a lot of volatility was present in the time PEPE was within the range. 👀 PEPE prices were in a downtrend on the lower timeframes, but will this result in a breakout beneath the range? The price action has had a bearish bias since 17 July on the H4 chart. The momentum and selling pressure have also been on the bearish side over the past week. PEPE made a series of lower highs after falling below the mid-range support at $0.0000016. At the time of writing, it was on the verge of losing the $0.00000148 support as well, and trading volume was low over the past week. ⚡️The next 12-24 hours could establish whether Pepe prices would recover or slump further When trading a range, it is usually better to expect that the range will continue, than to anticipate a breakout each time the price approached the extremes. Hence, the argument behind buying PEPE is simple- it is near the low. If the buyers are unable to force a reaction this week, then the case of a move beneath the range lows can be anticipated.

Get ready for the referral race! 🐾 PassimPay is launching contests for the most active users. Invite your friends, acquaintances, neighbors, and followers. Whoever gets the most referrals from 30.06 to 31.07 will receive pleasant bonuses. Here are the details: ✔️ Starting from 30.06 and up to 31.07, invite users using your original referral link. ✔️ On 31.07, the contest will end, and we will choose three winners with the most referrals. ✔️ The top three winners will receive prizes of $150, $100, and $50. 4. Referrals taken into account are the ones who have completed at least one transaction. Good luck to everyone! To take part - click here 😎 Dont forget to follow us on Instagram and Reddit

Get ready for the referral race! 🐾 PassimPay is launching contests for the most active users. Invite your friends, acquaintances, neighbors, and followers. Whoever gets the most referrals from 30.06 to 31.07 will receive pleasant bonuses. Here are the details: ✔️ Starting from 30.06 and up to 31.07, invite users using your original referral link. ✔️ On 31.07, the contest will end, and we will choose three winners with the most referrals. ✔️ The top three winners will receive prizes of $150, $100, and $50. 4. Referrals taken into account are the ones who have completed at least one transaction. Good luck to everyone! To take part - click here 😎 Dont forget to follow us on Instagram and Reddit

Get ready for the referral race! 🐾 PassimPay is launching contests for the most active users. Invite your friends, acquaintances, neighbors, and followers. Whoever gets the most referrals from 30.06 to 31.07 will receive pleasant bonuses. Here are the details: ✔️ Starting from 30.06 and up to 31.07, invite users using your original referral link. ✔️ On 31.07, the contest will end, and we will choose three winners with the most referrals. ✔️ The top three winners will receive prizes of $150, $100, and $50. 4. Referrals taken into account are the ones who have completed at least one transaction. Good luck to everyone! To take part - click here 😎 Dont forget to follow us on Instagram and Reddit

⚡️ Polygon vs Optimism: Which altcoin will Q3 favor? 💸 Reaction to Bitcoin’s swings In early June, the US SEC sued Binance and Coinbase for flouting federal securities law and enlisted several tokens as “security.” The regulatory pressure saw BTC ease to $25k, up from $27k – an 8% drop. 🔥 Polygon vs Optimism: Q3 outlook A likely hawkish stance could exert a little bearish pressure during next week’s (25/26 July) FOMC meeting. MATIC could play defense on the $0.757, a December low aligned with a recently invalidated bearish OB. 🕯 Sell vs buy pressure Based on Santiment’s 90-day Mean Coin Age metric, we can infer that OP has more potential upside than MATIC at the time of writing. For perspective, the metric tracks the movement of tokens across addresses. ⚡️ Who’s likely to ace Q3? Based on the above indication, in the race between Polygon vs Optimism, the latter could ace in Q3, given its massive accumulation witnessed from early June and MATIC’s regulatory uncertainty.

➡️ How Uniswap looks to extend its dominance Integrating the “🔠” factor However, the recent introduction of the Uniswap wallet aims at embracing exchange on multiple chains. And some of these include Polygon [MATIC] and the BNB Chain. 🗣️With UniswapX, swappers will be able to use the Uniswap interface without worrying whether they’re getting the best price and transactions will always be transparently recorded and settled onchain.🗣️ ✅ New users decrease, but UNI stays king When network growth increases, it means that a project’s traction is impressive. But the decline, like in Uniswap’s case, means there were not many new addresses, and transactions by new users were not over the roof.

☄️ XRP simmers down, but how long before the next rally? 🔶 Ripple cools off – for now Wu Blockchain’s recent post revealed a significant drop of more than 13% in XRP’s value within 24 hours. The decline comes after a surge in price that followed the release of the summary judgment. The judgment initially ignited an altcoin rally, but the momentum seems to be subsiding. 🔼 Ripple’s price trend and short-term MVRV Analyzing XRP’s daily timeframe revealed a remarkable rally of more than 73% on 13 July, propelling its price range to levels not seen since around February 2022. This surge pushed XRP into the overbought zone with great intensity. 📊 Correction before a potential bounce The price analysis of Ripple, coupled with MVRV data, suggested that a price correction was likely on the horizon. The observed spike in price was characteristic of a “sell the news” phenomenon, where prices tend to decrease once the initial hype subsides. 🔠 Additionally, based on the press time trend, long positions appeared to face a higher risk of liquidation than short positions. Coinglass revealed that on 14 July, long positions experienced liquidations totaling over $14.7 million, while short positions faced liquidations of over $9 million.

🔹 Here’s how Ethereum traders can navigate short-term trends 🚀 The rejection from $1978 saw selling pressure dominate A range formation between $1843 and $1934 was highlighted in yellow. The brief breakout above this range in early July was quickly swatted down by the bears. Moreover, the OBV, which had been trending higher until then, declined. 💀 The spot CVD remained flat despite Ethereum’s bounce from the range lows On 7 July, after the dip below $1830, Ethereum prices recovered. At the time of writing, ETH was trading at $1885 after rejection from $1900. Even though it was a minor bounce, the spot CVD did not climb higher. 🫢 Nor did the Open Interest budge much. It remained flat over the past few days and reflected the lack of conviction from speculators. The lack of reaction on the OI despite a minor bounce for Ethereum suggested the bullish side could be weakened.

👏 PEPE 2.0: Why skepticism dominates despite this major development 👍 PEPE 2.0’s first wave announces its presence PEPE 2.0 volume has been on the rise for the last few days. Recent findings indicated that its volume has been so robust that it managed to surpass Shiba Inu’s daily volume at some point. In short, this made it the top memecoin by daily volume. Is it a risk ☄️ worth taking? New generation memecoins have interesting characteristics. As mentioned, they have an initial phase where whales buy frantically, rapidly driving up visibility and volume. Once they gain critical mass, they start attracting retail traders. At this point, the focus is not really a long-term outlook but rather profit-taking. This may explain why these new memecoins have been running out of steam after a short burst of fame. So, where is PEPE 2.0 right now? Well, there is one critical stage through which the early investors secure exit liquidity. This is the stage where the memecoins start looking for exit liquidity from the exchanges. The exit liquidity’s end game is listing on major exchanges. This stage is often characterized by a sudden surge in popularity due to heavy marketing. It is followed by retail activity which provides the aforementioned liquidity. 👍

Litecoin 🟢 ‘Smart money’ holds up LTC’s value pre-halving Litecoin’s double-digit price rally in the last week has pushed its Market Value to Realized Value ratio on a 30-day moving average above 30%, a position often marked by a decline in LTC’s price. In a Twitter post made on 4 July, crypto analyst Sumit Kapoor noted that since 2018, each time LTC’s MVRV (30d) exceeded the 30% mark, LTC’s price dipped by an average of 41%. Exchanging hands at $105.07 at press time per data from CoinMarketCap, should LTC traders expect a price decline? ⚡️ Smart money is still present in the LTC market Operating on a proof-of-work network, Litecoin has been steadily building momentum in the last week, with investors and enthusiasts eagerly anticipating the chain’s third halving event. This anticipation caused the network’s native coin to close Q2 by marking a local price bottom at $85, signifying the exit of “weak hands” and the entry of “smart money” – an event that has since caused a 20% jump in LTC’s value. An on-chain assessment of the altcoin’s Network Profit/Loss (NPL) metric confirmed this. This metric tracks the average profit or loss of all coins that change addresses daily to capture periods of profit-taking or holder capitulation on-chain. According to data from Santiment, LTC’s NPL dropped to -44.04 million on 30 June, after which the alt’s price began to climb. Still on an upward momentum (albeit weak at press time), the impact of LTC’s ‘smart money’ activity remained visible. 👍

How Solana 🪙 plans to take on the DeFi sector with Firedancer 🔶 A new client to smooth things over? However, a new validator client could soon improve the state of Solana going forward. According to Messari’s data, Firedancer, an independent validator client, built by Jump, could make things better, at least on the DeFi front. The data suggests that Firedancer can enhance DeFi maturity by reducing latency times, thereby bringing decentralized exchanges closer to parity with centralized exchanges. 🔥State of DeFi However, at press time, the TVL of Solana had declined massively over the last few months. According to Artemis’ data, TVL fell from $295 million to $266 million since April. This could be attributed partially to the low DEX volumes exhibited on the Solana network. Even though DEX volumes were low for the majority of this year, an uptick in this metric was observed over the last few weeks. This uptick caused a slight surge in Solana’s TVL as well. Only time will tell whether Solana can manage to keep up these numbers and maintain sustained growth in the future.

Has the crypto community lost its faith in stablecoins 🪙 Unstable 🔠🔠🔠🔠 According to crypto market data provider Kaiko, stablecoin depegging events have increased considerably in 2023, with the contagion spreading through both collateralized and algorithmic stablecoins. Earlier in February, Binance-branded stablecoin Binance USD depegged from its dollar value. This was following orders by a New York based regulator to issuing company Paxos to halt minting of new tokens. ➡️ USDT maintains the shine As discussed earlier, all top stablecoins underwent depegging over the past few months. However, despite some hiccups here and there, USDT managed to grow remarkably since the start of the year. Its market cap has jumped 25% on a year-to-date basis and held a 64% market dominance, as per Glassnode. USDT’s relevance could also be evaluated by its growing demand as a safe-haven asset in countries going through political and financial strife. 👍 In stark contrast, other stablecoins like USDC, BUSD and DAI have succumbed to the factors at play, losing billions of their market cap since the beginning of 2023.

💰 ATOM unable to reach $10, what’s next? Cosmos short-sellers grabbed shorting opportunities following Bitcoin’s pullback. The king coin slid to the $30k zone after hitting a new 2023 high of $31.4k on 23 June. ATOM took a cue from BTC and reversed some of the recent gains, making a $10 psychological level cross a delayed objective for bulls. However, BTC hasn’t lost hold of the $30k zone as of press time, meaning the bullish sentiment still prevails, and the short-term pullback may not morph into a downtrend. 🔛 Are sellers eyeing $8.98? The first leg of ATOM’s recovery, from 10 June, entered a narrow price consolidation range of $8.44 – $8.98. The second leg of the rally started around 20 June and smashed the range high of $8.98, only to falter at the previous lower high of $9.63 – slightly below the $10 psychological level. Sellers gained entry at the $9.63 roadblock and targeted gains at the previous range-high of $8.93. The target also aligns with the 50% Fib and the retracement could ease at $8.93 if BTC doesn’t drop below $30k. ♥️ A bearish grip; a wavering open interest rates According to Coinglass, ATOM’s open interest rates have been wavering since the second half of June. This could limit a strong bounce above $9.5 or $10, as it denoted wavering demand in the futures market. Besides, more traders were shorting the asset on the futures market in the 4-hour timeframe. Although this paints a bearish short-term outlook, a strong BTC rebound before ATOM hits the short-term support of $8.93 could wreck many short positions.