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Showing posts from July, 2024

More Countries Are Looking To Join BRICS Alliance

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The list of countries that are ready to join the BRICS alliance in 2024 is rapidly growing. A handful of developing nations are attracted towards BRICS as the bloc is advancing the de-dollarization agenda. The alliance is convincing other countries to use local currencies for trade to strengthen their native economies. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: 10 SCO Countries Ready To Ditch US Dollar For Trade BRICS -alliance">New Countries Ready To Join the BRICS Alliance Source: Valery Sharifulin (TASS) Sergey Ryabkov, Russia’s Deputy Foreign Minister and BRICS Sherpa confirmed that many more countries are looking to join the alliance. He revealed that in 2024 alone, around 10 new countries have expressed their interest in joining the BRICS alliance. Also Read: BRICS : Start of De-Dollarization, 52% Trade in China Settled in Yuan While 30 countries have formally submitted their applications to join

Here’s Bitcoin key support and resistance levels to watch

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Bitcoin (BTC) has broken down from a four-month price range, shifting the sentiment from bullish to neutral and now bearish. In this context, Finbold looked to key support and resistance levels that cryptocurrency traders and investors should watch moving forward. As of this writing, BTC trades at $56,825, halfway between $50,000 and $60,000, two key psychological levels. Interestingly, the psychological resistance is at the broken four-month rage’s support, increasing its relevancy to regain the previous momentum. Meanwhile, the psychological support is close to the 365-day exponential moving average (365-EMA) at $50,589, an important year-over-year level. The 30-day EMA makes resistance at $62,695. Picks for you Gold rallies amid rising US unemployment and economic uncertainty 17 hours ago

ChatGPT-4o predicts Dogecoin price as DOGE loses $0.10 support

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The cryptocurrency market has been under significant downward pressure recently, with Dogecoin (DOGE) being no exception. Currently, Dogecoin is trading slightly above $0.10, having recently hit a low of $0.091. The previous support level of $0.10 has now turned into a resistance point, making $0.091 the new support level. The overall market sentiment is bearish, significantly influenced by the broader cryptocurrency downturn and negative sentiment surrounding Bitcoin.  In this context, Finbold decided to consult the most advanced version of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o – to predict Dogecoin’s price as DOGE recently fell below its $0.10 support. Picks for you U.S. housing buying conditions collapse after 4 decades; Is recession next? 2 hours ago

Is It Too Late To Buy DADDY? Daddy Price Soars 11% To Defy The Crypto Crash As Investors Turn To Presales Like This Blockbuster To Buy The Dip

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The Daddy Tate price soared 11% in the last 24 hours to trade at $0.1887 as of 03:43 a.m. EST on trading volume that rose 66% to $58 million. DADDY has defied a bruising crypto crash, which sent meme coins and the broader crypto market into a tailspin. This comes as social influencer Andrew Tate continues to back the token on X. $Daddy is up 40%. https://t.co/y8K9ZK8fcA — Andrew Tate (@Cobratate) July 3, 2024 Daddy Tate Price  Set To Surge Over The Rounding Bottom Pattern DADDYUSD Chart Analysis Source: GeckoTerminal.com The Daddy Tate price has been trading above the rounding bottom pattern in the last two days, as the bulls were looking to capitalize on the pattern to push the price of Daddy Tate above the $0.1814 resistance zone, data from GeckoTerminal shows.  DADDY price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a signal that the bulls could sustain the bullish momentum. Moreover, the Relative Strength Index (RSI) se

Is Cardano the Next Big Winner? Analysts Predict Massive Surge as Bitcoin Wobbles

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Amidst recent fluctuations, analysts have focused on Cardano (ADA) due to its potential for a significant rally. Similarly, Bitcoin (BTC), the market leader, has shown patterns that traders must understand as they navigate the current market conditions. Related Reading Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers? 1 year ago Is Cardano (ADA) On The Brink of a Parabolic Rise? Cardano, often lauded for its technological foundation, has recently caught the attention of experts predicting an imminent rally. Dan Gamberdello, a prominent advocate for Cardano, has publicly stated his expectations for an “explosive” growth phase for ADA. Analyzing the chart shared by Gamberdello, AD

Ethereum Faces Sharp Decline As ETH Targets $3,051 Support Level

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Ethereum (ETH) is experiencing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline highlights increased selling pressure and growing bearish sentiment in the market.  As Ethereum nears this critical threshold, traders are closely monitoring its behavior for signs of either a stabilization or a further drop. The $3,051 support level is now a focal point, determining the short-term direction of Ethereum’s price action and potentially setting the stage for future movements in the cryptocurrency market.  This article aims to analyze the sharp decline affecting the digital asset and its impact on the cryptocurrency’s price as it approaches the $3,051 support level. It also seeks to provide traders and investors with a comprehensive understanding of the current situation, potential scenarios if the support level holds or breaks, and strategies for managing risk in this volatile environment.

Floki Inu Peaks As Shiba Inu, Pepe & DogWifHat Trend In Red

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Floki Inu is surging in terms of price, leaving core tokens such as Pepe, WIF, and Shiba Inu to trend in the reddish realm. The token is currently trading at $0.0001748, projecting bullish signals that may help the token soar to new heights. Also Read: India Aims To Earn $800 Billion From Exports to G7 Countries Floki Inu : Current Status and Trajectory Source – Wccftech Floki Inu is one of the most robust crypto tokens in space. The token has always been known to introduce grand marketing strategies to streamline its presence, and it has always been one step ahead of the game. The token had recently launched a bunch of new offerings, including a telegram bot, intending to simplify crypto trading for traders and investors. At the same time, the token also introduced a special burn mechanism with its bot. The feature consists of a bot charging a 1% fee on each transaction. 50% of the proceeds collected via the fee charged will be used to burn Floki tokens, establishing equilibrium in

Bitcoin’s next move: Here’s when to prepare for the big drop

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The global cryptocurrency market cap today stands at $2.36 trillion, marking a 2.6% decline in the last 24 hours. Amidst these market fluctuations, Bitcoin’s (BTC) attempt at recovery has been met with mixed signals from technical indicators, raising investor concerns.  Trading expert Alan Santana recently projected on TradingView that Bitcoin is on the brink of experiencing a significant downturn, known as an SD-Wave or an SSD-Wave. An SD-Wave, or Super-Down-Wave, typically results in a price decline of around 20-30%. Conversely, an SSD-Wave, or Surprise-Super-Down-Wave, involves a more severe drop, potentially exceeding 40% and reaching up to 50%. Picks for you Here's when Bitcoin will reach $100,000, according to analyst 6 mins ago

Bitcoin: Twitter Founder Jack Dorsey Says BTC Can Replace the US Dollar

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Notable Bitcoin enthusiast and Twitter founder Jack Dorsey has recently said that BTC could one day replace the US Dollar. Indeed, the notable tech mogul recently discussed his hope for the leading cryptocurrency during a recent talk in Tuscany, Italy. There, Dorsey talked about the digital asset, and its potential to completely change global finance. During the talk, Dorsey lauded the future of Bitcoin. He stated that it has the potential to grow beyond the West, and establish greater use cases as a true unit of value. Source: Watcher.Guru Also Read: Jack Dorsey Predicts Bitcoin Will Exceed $1 Million by 2030 Twitter’s Jack Dorsey Sees Global Dominacne in Bitcoin’s Future Throughout 2024, Bitcoin has continued to establish itself atop the cryptocurrency market. It was the first crypto to get its own Spot ETF approval and set a new all-time mark this year. Moreover, Standard Chartered Bank recently predicted the token to break through the $100,000 level by November. Speaking at a rec

Cardano Price Soars 5% In A Week As Chang Fork Nears And Investors Pivot To This Educational Crypto With A 720% APY

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The Cardano price has surged 5% in the past week and 3% in the last 24 hours to trade at $0.4065 as of 3:15 a.m. EST on an 11% surge in trading volume to $243 million. With the Cardano Chang hard fork on the horizon, the cryptocurrency might be preparing for a significant upswing. Cardano Price Signals A Rebound On A Double Bottom Pattern The Cardano price shows signs of a bullish trend reversal at the $0.3733 support level. The price has begun consolidating and forming a double-bottom pattern, which traders interpret as a bullish reversal signal. The rebound comes after a prolonged decline since hitting its March 14 high at $0.8195.  ADAUSDT Analysis (Source: Tradingview) With the bulls in control, there’s a notable surge in buying momentum aimed at initiating a bullish rally for Cardano. Optimistic investors are leading the charge, pushing the price towards the key 200-day Simple Moving Average (SMA), which suggests a possible turnaround in the making. Should this u