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Bitcoin discussion / Good Times For Crypto? Over the Recession
« Last post by officalCoingabbar on Today at 10:16:43 AM »

[/color]A number of economists anticipate a significant turnaround in the cryptocurrency market amid worries about an impending financial recession.[/color]The cryptocurrency market now has a strong correlation with the stock market, but the likelihood of a recession might be to crypto's advantage. In this backdrop, a United Nations agency had on Monday issued a recession risk warning to a number of central banks, including The Fed. The values of cryptocurrencies, meanwhile, have mainly stayed flat over the past few weeks within their current price ranges.[/color][/font][/size]
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Crypto Advantage If Recession Gets Worse[/font][/color][/size]If central banks keep raising interest rates, they run the risk of experiencing a recession followed by a protracted period of stagnation, according to the agency. According to a Wall Street Journal study, the Fed runs the risk of seriously hurting developing nations if it continues to raise interest rates quickly. A percentage point increase in the Fed's interest rate, according to the United Nations Conference on Trade and Development (UNCTAD), severely reduces economic production in other wealthy nations. Rebeca Grynspan, secretary-general of UNCTAD, stated that there is still time to avert the recession.[/size]What Would The Crypto Market Look Like In A Recession?[/font][/color][/size]Regarding how cryptocurrencies might perform in a recessionary environment, there are differing views. While the majority of the community believes that crypto assets would decline if the stock market fell, there is growing support for the opposite viewpoint. The crypto market, according to American investor Stan Druckenmiller, might benefit from a recession in 2023. According to him, cryptocurrency could gain if public mistrust of central banks grows. Similar to how they believe Bitcoin will veer off course and follow its own course due to its decentralised nature.[/font][/size][/size]The macroeconomic environment has recently faced a number of challenges, yet the price of Bitcoin (BTC) has mostly remained stable over the past 30 days. For the most of the past month, BTC has traded below the $19,700 mark. According to CoinGabbar, the price of the cryptocurrency as of this writing is $19,590, an increase of 2.8% over the previous 24 hours.
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QUANT PRICE ANALYSIS
The Quant coin chart displays an inverted head and shoulder pattern over the previous seven months of price action. [/color]This bullish reversal is frequently seen near market bottoms, indicating a shift in market sentiment away from selling on rises and toward buying on dips.[/font][/color][/size]At the time of writing, QNT/USD is seeing a much-needed rise. On the daily chart, the Quant price is up more than 6.73% after reaching a new high of $141.40, trading above the 9-day and 21-day moving averages. Meanwhile, if the market continues to increase, the $150 resistance level is expected to appear in the next bullish movements.[/font][/size][/size]On a daily basis, the price of QNT continued to show strength as it faced resistance in an attempt to breach $150, with the price holding strong and maintaining its bullish pattern.[/font][/color][/size]In any event, the distance between the neckline and the top of the head is the expected target for the H&S pattern in an ideal bullish scenario. As a result, Coin is likely to expand to a relatively close target of $208 in the near future. If the coin price fell below $128 before breaking through the $155 barrier, the bullish thesis would be invalidated.[/font][/color][/size]Rising EMAs (20, 50, 100, and 200) show that the Quant currency is on the run. On Daily Charts, a potential bullish crossover between the 100- and 200-day exponential moving averages, as well as the 20- and 50-day exponential moving averages, should increase bullish momentum.[/font][/color][/size]As the token continues to increase, the ADX curve has been growing on a higher time frame. It's a good sign for the token price. On a daily basis, the ADX curve has risen following plunging below the 33 level. On a daily basis, the token price bounced off the demand zone. Investors should wait for a positive candle breakout of the supply zone before making decisions.[/font][/color][/size]With strong bullish momentum, the QNT token price rebounded off the demand zone. Previously, the token price fell below the demand zone, where it was continuously met by super trend sell line. The recent bullishness resulted in the breakout of the super trend sell line, triggering the bit signal. As the token price rises, it finds firm support at the super trend buy line.[/font][/color][/size]According to Price Analysis, The market capitalization of this QNT is estimated to be $1,697,494,555. The 24-hour trading volume for the coin is around $63,407,493. QNT market capitalization has risen by 6.71%. However, trade volume increased by 15.35% during intraday trading. The market capitalization to volume ratio is 0.03734.[/font][/size][/size]$145 is an immediate resistance level on the upside. The first significant barrier is around $148, above which the price may continue to rise quickly. In the aforementioned case, it may reach $150. Any more increases might take the price up to $155. Above $155, the price may soon approach $160.[/font][/color][/size]If QNT fails to break over the $145 resistance level. On the downside, there is an immediate support level of around $138. If the price falls below $138 in the coming sessions, it may fall below the $132 support zone or even $123.[/font][/color][/size]KEY LEVELS :[/font][/color][/size]RESISTANCE LEVEL : $145-$150[/font][/color][/size]SUPPORT LEVEL :$135-$130[/font][/color][/size]QNT is expected to hit $150-$160 after a smart comeback from lower levels. Are you paying attention to the graph?[/font][/color]
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Sweat cryptocurrency price has been under significant pressure in recent days as cryptocurrencies have retreated. [/color]The coin fell to a record low of $0.02591, or 72% lower than its peak level. Sweat Economy has a market valuation of more than $57 million.[/color][/font][/size]
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On the hourly chart, the [/color]Sweat Economy is now trading at $0.02800, forming a rounded bottom pattern. For the past three days, the coin has been in a consolidation phase. The Sweat Economy has experienced a low trading volume. This shows that today's volume is lower than the average volume for the previous day.[/font][/size]According to the hourly chart, the SWEAT price has been consolidating in recent days. Sweet is now trading above the falling channel line. It is presently trading and staying above the channel's level. Concurrently, support is indicated around $0.02700, which was its lowest point this week.[/font][/color][/size]The SWEAT 50-day and 20-day Moving Averages are showing a bullish trend on the Hourly chart, as seen by the recent increase. We may assume that the price is bullish for long-term traders because the 50-MA is higher than the 20-MA.[/font][/color][/size]On the hourly price chart, the Bollinger bands indicator has an average value of $0.2780. The volatility indicator for SWEAT is increasing, with a high of $0.02811 and a low of $0.02750. The RSI is at 56.80, indicating that the market is in a buying attitude.[/font][/color][/size]According to Price Analysis, The market capitalization of this SWEAT is estimated to be $57,718,088. The 24-hour trading volume for the coin is around $4,098,315. SWEAT market capitalization has fallen by 1.27%. However, trade volume decreased by 23.83% during intraday trading. The market capitalization to volume ratio is 0.07067.[/font][/size][/size]On the up side, the price is up against a resistance level at $0.03000. Near $.03200, the major resistance may be found. A clear breach over $0.03200 might spark off a strong run towards $0.03400. Any further advances might open the door for a move toward $0.04000.[/font][/color][/size]The initial support level on the downside is $0.02700. Around $0.02500 is the next key support level. Selling pressure might increase if the price goes below the $0.02500 support line. Under the aforementioned scenario, the price of SWEAT might drop to around $0.02000 in the near future.[/font][/color][/size]KEY LEVELS :[/font][/color][/size]RESISTANCE LEVEL : $0.03000-$.03200[/font][/color][/size]SUPPORT LEVEL : $0.02700-$0.02500[/font][/color][/size]SWEAT has been trading in a consolidation zone since last week. Will something significant happen? Have you noticed anything unusual about the chart?[/font][/color]
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Tether's Current ComTether has almost reduced its commercial paper holdings, with less than $50M in commercial paper units as of September 30, 2022.[/color]Tether's chief technical officer, Paolo Ardoino, announced the news in a tweet on October 3. He added that Tether's holdings of US Treasury bills increased to 58.1% of its total portfolio, up 25.1% from 43.5% on June 30.[/color][/font][/size]
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Commercial papers are short-term debt instruments issued by businesses that are often used to fund a variety of commercial operations. Meanwhile, treasury bills are said to be more stable than commercial papers since they have "zero default risk" because investors are guaranteed to regain their purchasing price.[/font][/color][/size]Tether said in June that it wanted to reduce commercial paper backing of Tether (USDT) to "zero," and roll it into short-maturity U.S. Treasury notes.[/font][/color][/size]The stablecoin issuer has also sought to improve openness on its dollar reserves and backing.[/font][/color][/size]In July, it appointed European accounting firm BDO Italia as a new auditor to independently assess its stablecoin reserves in order to increase transparency and more routinely disclose audit and attestation reports.[/font][/color][/size]On September 19, a United States District Court in New York ordered Tether to give evidence proving USDT's 1-to-1 backing in US dollars.[/font][/color][/size]When asked how Tether's transparency report will be updated, Ardoino stated that the timeframe is generally 45 days but that the company's new auditor will enhance the process and shorten that schedule.[/font][/color][/size]Tether's aim to decrease its commercial paper holdings to zero by the end of 2022 is well underway, with the corporation cutting its reserves from 20B units in Q1 2022 to 8.4B units in Q2 2022.[/font][/color][/size]According to CoinGabbar statistics, USDT is currently the largest stablecoin, with a market valuation of $67.95 billion, the third highest of all digital assets.[/font][/color][/size]Read also: [/size]Kim Kardashian Faces SEC Charges for Endorsing Crypto Security[/font][/size]
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Litecoin / Re: What's the Best Way to Invest in Cryptocurrencies?
« Last post by coinfreebit on Today at 09:55:12 AM »
Well I like your post. Investing in cryptocurrency is a good idea as this market is long and running smoothly.
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Date : 4th October 2022.

Market Update – October 4 – Stocks Bounce, Yields Fall, RBA Springs a Surprise.


Trading Leveraged Products is risky

*USDIndex – Descends into 111.50, support area, and under 9-day EMA for first time since September 19. Yields slipped significantly (US 10yr @3.65%) following reverse from UK Chancellor tax cut plan lifting UK GILTS and wider sentiment. ISM Manu. data hit a 2.5 year low but at 50.9 remains in expansion mode. Oil & Oil Stocks rallied on OPEC production cut rumours and TSLA dropped -8.6% on delivery misses and with no immediate solution. RBA surprised with a 25bp hike vs. an expected 50 bp interest rate hike. AUD & JPY underperform overnight.   
*EUR – Trades at 0.9840 now testing Friday high but capped by a 9-day high at 0.9900.
*JPY – Remains weighed. 145.00 was breached but only for an hour yesterday, despite hawkish comments from Japanese officials – trades at 144.80 now.
*GBP – UK government confirmed it will scrap plans to abolish 45% top tax rate  in humiliating U-turn. Sterling continued to rally, Cable and GBPJPY breached 20-Day MA. Cable now trades at key resistance  1.1350.
*Stocks – US stocks, ripe for a bounce at the beginning of the Quarter, leapt over 2%. US500 +92.81 (+2.59%) 3678 Energy stocks led with XOM & CVX (+5%) and APPL & MSFT, (+3%),which led tech lower on Friday, led the rally on Monday. TSLA sank -8.6% pulling TWTR -3.10% & RIVAN -3% lower.  US500.F 3731 now.



*USOil rallied over 6% to $84.35 highs after weekend reports of OPEC+ cutting production “up to 1.5 million barrels per day”. Trades at $84.00 now.
*Gold – spiked higher from $1665 over the key $1700 and trades at $1703 now.
*BTC – rallied from sub $19.0k yesterday to $19.7k now.

Today US Factory Orders and Speeches from Fed’s Williams, Logan, Daly, Mester & Jefferson, ECB’s Lagarde.



Biggest FX Mover @ (06:30 GMT) EURJPY (+0.56%) Rallied from Thursday’s collapse to 140.00 to test 143.00 zone today. MAs now aligning higher,  MACD histogram & signal line positive & rising, RSI 67.44 & rising, H1 ATR 0.243, Daily ATR 1.706.



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Altcoin discussion / Proof of Work vs Proof of Stake?
« Last post by Patrick Jackson on Today at 08:22:23 AM »
Cryptocurrencies operate in a decentralized manner, and they often need computers to validate and process transactions. Therefore, consensus mechanisms like Proof-of-Work and Proof-of-Stake exist to validate transactions and secure the blockchain. However, since the consensus mechanisms differ, there is a need to compare them to see which is better and which would be more profitable to miners and the blockchain.
Read full on: https://mycryptoparadise.com/proof-of-work-vs-proof-of-stake-whats-the-difference/
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The reality TV star and influencer, Kim Kardashian has agreed to pay the US Securities and Exchange Commission $1.26 Million charges for illegitimate crypto promotion. Crypto scrutiny is on the rise by financial watchdogs, this, of course, is an indication that more...

What do you think of this?


More on: https://mycryptoparadise.com/sec-charges-kim-kardashian-1-26-million-for-unlawful-crypto-promotion/

 
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According to a report by Financial Times on Sunday, Alex Mashinsky, the founder of insolvent crypto lender Celsius who just stepped down as the company’s CEO took out $10 million from his account before pausing withdrawal in June. Celsius and many other crypto lending...hat

What do you think of this?


More on: https://mycryptoparadise.com/celsius-founder-withdrew-10-million-before-freezing-withdrawal-and-filing-for-bankruptcy/

 
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