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The crypto community is buzzing with excitement as Bitcoin (BTC) is once again capturing attention with growing expectations for a rally toward the $100,000 mark. Here’s an analysis of why traders are setting their sights on this key psychological milestone and what factors are fueling this optimistic sentiment. -Bitcoin Halving Cycle Anticipation Bitcoin’s next halving event, expected in 2024, reduces the reward miners receive for verifying transactions, thus lowering the supply of new BTC entering circulation. Historically, halvings have preceded major price rallies, and the anticipation of this event has many traders betting on a price surge. -Bullish Technical Indicators Recent technical analysis shows that BTC is forming a “cup and handle” pattern, a classic bullish signal that often precedes major price increases. Key support levels have held up in recent weeks -What’s Next for Bitcoin? Traders are watching for key indicators that could confirm the path to $100,000, including ETF approvals, stability in the broader market, However, long-term holders are generally optimistic, seeing BTC's potential for continued growth. Where are you holding is it on DEX or CEX ?
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Been following the tech space lately and came across something pretty interesting, peaq. It’s a Layer-1 blockchain, but not in the usual sense. They’re focused on creating decentralized infrastructure networks (DePIN) for machines, where over 850,000 connected devices, robots, and machines can interact, make payments, and even verify data without human involvement. It’s automation at a whole new level. I like the fact that peaq is giving machines their own identities with peaq ID, and allowing them to pay each other with peaq pay. This could change industries like logistics, energy, and IoT, where autonomous, secure machine-to-machine transactions are critical. Imagine how much smoother things could run if machines could operate seamlessly together. I’ve also seen some exchanges promoting events related to it recently. Still early, but if peaq can pull this off, it could pave the way for decentralized infrastructure in an increasingly automated world. Anyone else thinking about where this could go?
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By CryptoChamp · Posted
TRON (TRX) is currently trading between $0.1616 and $0.1698 as per Coinpedia Markets, sitting just above a critical support level at $0.1582. Technical indicators suggest TRX might be in oversold territory, with its RSI around 34 and a very low Stochastic oscillator reading of approximately 4. This hints at a potential reversal in TRX price, as these oversold conditions often lead to upward momentum. Over the past week, Tron coin has seen a price decrease of over 5%, though it remains up by 3% in the last month and over 26% in the past six months. If TRX manages to rebound from its current support, it could climb toward its nearest resistance at $0.1746, with the next resistance target at $0.1828. This upward move could mean a 5% to 10% increase in Tron crypto price from current levels. TRON’s Strong Network Activity One of the major factors fueling TRX crypto growth is the impressive activity on the TRON network. The platform’s total value locked (TVL) stands at $6.73 billion, demonstrating high demand. TRON’s daily network fees reach $1.73 million, with a 24-hour transaction volume of $26.3 million. TRON’s user base is also expanding, with 2.06 million new addresses created daily and over 7.5 million daily transactions, underscoring the coin’s increasing adoption. According to the latest TRON price prediction, TRX may reach around $0.1916 by November 15, 2024, which would represent a potential 13.36% decrease from current levels. This outlook, combined with TRON’s strong network fundamentals, suggests an interesting short-term period for TRON price and potential future growth in the TRON crypto price
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h7
Hi everyone,
Could we please add First Trust Emerging Markets Small Cap AlphaDEX (FEMS).
Many thanks
Skye
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