Search Results for: thorchain

“THORChain, a decentralized trading and liquidity protocol, saw its native token, RUNE, surge 60% due to favourable tokenomics and slow-acting deflationary dynamics. However, the current overbought condition may anticipate falling prices. Notably, Launchpad XYZ is estimated to shape the crypto landscape, offering various tools, insights, and analytics for Web 3.0.”

Historically, Bitcoin prices often rise in October, making it a bullish period for investors. However, technical analysis suggests a possible pullback due to overbought territory. Amidst this, digital currencies like THORChain, Meme Kombat, Bitcoin SV, TG.Casino, and Polygon are gaining investor interest. Smarter trading within defined risk limits is advised until a decisive breakout occurs.

“Despite a third quarter fall, Bitcoin’s positive closure in September, a first since 2016, opens doors for potential altcoin gains. A historical trend suggests gains in October, yet trading strategy readiness remains essential. While Bitcoin’s resilience sparks altcoin interest, not all will skyrocket. Altcoins like MKR, AAVE, RUNE, and INJ are observing signs of recovery.”

Cryptocurrency requires precision in transactions, as evidenced by Paxos’ accidental transfer of a $510,000 fee. F2Pool, however, returned the payment, demonstrating transaction integrity. This incident underscores the importance of meticulousness in the crypto market. Furthermore, while currencies like THORChain and Wall Street Memes show promise, it’s essential to remember that crypto is a high-risk asset with potential for volatility.

Cryptocurrency market capitalization has risen by 1.24%, reaching $1.035 trillion as of September 14, largely due to gains in Bitcoin, Ethereum, and Solana. This increase reflects eased inflation concerns and speculation surrounding a potential pause on Federal Reserve interest rate hikes. Additionally, solid fundamentals or promising technical analysis have led to gains in other cryptocurrencies such as Hedera, Wall Street Memes, THORChain, Bitcoin BSC, and Curve DAO.

“In the turbulent crypto market, BTC managed to rise 1.5% amidst recent changes in FTX’s future operations, while other tokens understandably fluctuated. The CoinDesk Market Index oversees trends in hundreds of tokens, providing a reliable insight into market pulse. Uncertainty among traders signals a possible market rebound, yet the market remains restrained due to steadily decreasing BTC performance and other factors.”

The race for the first U.S. spot Ether ETF has begun, with proposals from ARK Invest and VanEck to the SEC. Despite regulators’ volatility concerns, these spot crypto ETFs are being supported by maturity in the market and regulated exchanges. Grayscale challenges the SEC’s resistance, while other key players like BlackRock and Fidelity express interest in crypto offerings.

“In today’s tumultuous crypto market, investors explore suitable cryptos to invest in during the enduring bear market. Bitcoin’s challenges illustrate sector volatility; however, interest from global governments and institutions like BlackRock provide optimism. Cryptos like THORChain, Wall Street Memes, dYdX, Sonik Coin, and Bitcoin SV show promising fundamentals and bullish outlooks.”

The native DeFi bridge token, RUNE, despite a recent -16% retracement, exhibits signs of a long-term bull market trend through a ‘Golden Cross’ pattern. In the meantime, interest is shifting towards promising ventures like $SONIK, which sports a high staking APY and promotes growth by encouraging holders to keep their tokens for long periods.

“THORChain’s native token, RUNE, has seen an astonishing +154% rally since mid-June, driven by increasing demand and shrinking supply. However, its recent price retracement and overbought scenario hint at bearish short-term outlook. Meanwhile, Launchpad XYZ, with its user-friendly tools, could usher in a new era in crypto trading.”

“RUNE, the coin of THORChain, is in the spotlight with a 33% rise in a week and swelled social discussions. High swap volumes and promising chart patterns support its growth. Meanwhile, meme coin WSM has attracted $26m in just six weeks of presale.”

“In a bearish market, few altcoins like HBAR, OP, INJ, and RUNE show potential growth opportunities, displaying resilience. Despite declining Bitcoin value and broader market trends, these altcoins demonstrate strength through robust support levels or continued growth, indicating potential upside momentum.”

“Thursday saw Bitcoin dip to new multi-month lows below $28,000, and Ether dropping 3.7%, under $1,750. Rising inflationary pressures and hawkish Fed meeting outcomes are potential factors. However, some tokens like THORChain’s RUNE and Kava experienced growth. Further, investing in crypto presales could offer high-risk-high-reward opportunities for crypto investors.”

“Cryptocurrency markets saw a setback on Wednesday, with Bitcoin and Ether both experiencing drops. This coincides with broader economic conditions like peaking US government bonds and dollar. Despite the downturn, tokens like Sei and ThorChain show potential, suggesting careful strategy can lead to significant returns in the crypto market.”

Bitcoin and Ether showed no response to recent US retail sales data, suggesting the termination of the Fed’s rate-hiking phase. Other events contributing to the market sentiment include impending verdict on Bitcoin ETF applications by SEC, Europe’s inauguration of its first spot Bitcoin ETF, and the rise of the RUNE token, part of THORChain’s blockchain. Crypto remains a high-stakes asset, promising returns but also potential for total capital loss.

“RUNE, a decentralized liquidity protocol token, has seen a significant 46% growth, fuelled by increased protocol use. The growth of THORChain’s liquidity pools directly impacts RUNE’s value due to its over-collateralization structure. However, high-volatility in crypto arena necessitates a prepared mindset when investing.”

This week in crypto, deception and legal battles intertwined with ambitious innovations. Key highlights include Crypto.com’s internal teams trading tokens for profit, Valkyrie Funds filing a Bitcoin ETF application, and global governments exploring digital currency regulations. Safety remains crucial as crypto crime and hacks persist.

A recent analysis by K33 Research shows that a ‘Bitcoin only’ investment strategy outperforms altcoin portfolios in the long term. Historical data reveals that despite a few instances when altcoins outpaced Bitcoin, the flagship cryptocurrency remains a more reliable investment option.