Altcoins: LINK, HT, XRP and TRX 30902

LINK/USD

Chainlink (Link) has been among the top performers for the past three consecutive weeks. This shows that it is backed by momentum. However, after the stellar rise, can it continue its uptrend or will it succumb to profit booking?

LINK/USD

The LINK/USD pair recently closed above $2.0531 and this triggered our buy which was suggested in an earlier analysis. Our first target of $2.8498 was achieved last week, which shows that the bulls are not expecting a large fall, hence, are buying at higher levels.

Though the bulls pushed the price above $2.8498 during the week, they have not been to sustain the breakout. This shows profit booking by the short-term traders at the resistance level. However, with the rise in the past two weeks, the 20-week EMA has started to turn up, which shows that the advantage is with the bulls.

If the bulls can propel the price above $3, we expect the up move to reach $4 and above it $4.5826. Conversely, if the bulls fail to scale above $3, the pair might remain range-bound for a few more weeks. Our view will be invalidated on a break below $1.4612.

BNB/USD

Binance Coin (BNB) has made a comeback into this list after a long absence. Let’s look at the events of the past seven days that have ignited trader’s interest in it. Recently, the exchange launched the eighth phase of its lending product which allows owners to earn an annualized percentage yield of as high as 10% for a few cryptocurrencies.

Expanding its services, Binance launched peer-to-peer trading for its Android app users in China. The service will be available for Bitcoin, Ether and Tether (USDT) against the Chinese yuan. Binance CEO Changpeng Zhao said that this service will be expanded to other regions soon. Zhao also confirmed that users are able to use WeChat or Alipay for P2P transactions for payment, but both companies swiftly denied that this was true. Has BNB bottomed out or is it ready for an up move? Let’s study its chart.

BNB/USD

The bears could not capitalize on the sharp breakdown below $18.30 over the past two weeks. This resulted in a pullback that can carry the BNB/USD pair to the resistance line of the channel. As the downsloping 20-week EMA is also located at this level, we anticipate the bears to defend this resistance.

If the price turns down from the resistance line of the channel, it can again dip towards $14.2555. A breakdown of this support will resume the downtrend but if the price rebounds off this level, it will indicate a bottom formation.

A breakout and close above the channel will indicate an end of the downtrend. Traders can initiate a long position on a close (UTC time) above the channel and keep a stop loss of $14. The first target will be a move to $33 and above it, a retest of the lifetime highs is possible.

HT/USD

Huobi Token (HT) rallied just above 10% in the past seven days and turned out to be the third best performer. Investors are now wondering whether it bottomed out and is now ready for the next leg of its upside move?

HT/USD

The pullback in the HT/USD pair found support just below the 50% retracement level of the rally from the lows of $0.88 to the highs of $5.3506. This is a positive sign and it shows that bulls are stepping in to buy on dips.

On the upside, the bulls might face some resistance at $3.67 and $4.37. If both levels are crossed, a rally to $5.3506 will be on the cards. Traders can wait for the price to rise and close (UTC time) above the 20-week EMA before buying. A stop loss can be kept at $2.90.

Our bullish view will be invalidated if the pair turns down from one of the overhead resistance levels and plummets below $2.90. If that happens, a dip to $2.5878 is possible.

XRP/USD

Ripple has merged three of its services, xRapid, xVia, and xCurrent, into its RippleNet offering. With this move, “instead of buying xCurrent or xVia, customers will connect to RippleNet — on-premises or through the cloud — and instead of buying xRapid, clients will use On-Demand Liquidity,” said a Ripple spokesperson.

Bank of America (BoA) is also rumored to have hired a “treasury product manager” for Ripple. This shows that the bank is warming up to cryptocurrencies in some form. Similarly, United Kingdom-based financial software firm Finastra has joined RippleNet, which will help its customers with cheaper and faster cross-border payments.

For the past few days, Ripple Labs has been at the receiving end of criticism by some community members. However, Ripple CEO, Brad Garlinghouse, defended the company and said that its transparency has made it vulnerable to attack. While the  fundamentals are encouraging, has the technical picture also turned positive? Let’s study XRP’s chart.

XRP/USD

The relief rally in the past two weeks reached the first overhead resistance at the 20-week EMA. A breakout of this level will again hit a roadblock close to the 50-week simple moving average (SMA) and above it at the downtrend line of the descending triangle. If the bulls push the price above the triangle, it will invalidate the bearish pattern, which is a bullish sign.

Aggressive traders can buy on a close (UTC time) above the 20-week EMA and keep a stop loss of $0.215. Risk-averse traders, however, should wait for the price to breakout and close above the triangle to buy.

Both moving averages are flattening out and the RSI is gradually rising to the midpoint. This suggests that the selling pressure has subsided. Our view will be invalidated if the pair turns down from one of the overhead resistance levels and plunges below $0.22.

TRX/USD

This week Tron (TRX) has teamed up with the Stellar Development Foundation to form a new educational alliance that will provide working knowledge about blockchain technology to  university students. Let’s see if we can spot a buy setup on the TRX/USDT pair.

TRX/USD

The TRX/USDT pair is facing resistance close to $0.018660. This level has acted as a stiff barrier over the past few weeks. If the bulls fail to scale it once again, the pair might again dip towards the critical support of $0.011240. A breakdown of this support will be a negative sign and could point toward a new downtrend.

However, if the bulls can push the price above $0.018660 with strength, the large range of $0.011240-$0.0409111 will come into play. It is possible that the moving averages could act as resistance but we expect them to be crossed. Therefore, traders can buy on a close (UTC time) above $0.01860 with a stop loss of $0.0110. The first target target being $0.030 and above it $0.0409111.

The market data is provided by the HitBTC exchange.

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UNS, The right project to participate in this Bull Run 12132

Who on the planet will miss a project based BEP20 Token that has proven 600% growth in just around 6 months after getting listed and has been protecting investors’ interest through its remarkable performance resulting in extraordinary ranking in CoinMarketCap between 500 and 700 with a watchlist of 103000+ and great following community across the globe in almost all major social media platforms? Looks like the BEST USE CASE in CRYPTO EXPO DUBAI 2023 was given to it only because of the traits the token possesses.

It’s none other than UNS, a project based multisector utility token. One must be curious and wondering how this kind of extraordinary growth became possible in such a short span of time. It just became possible because of the evergreen projects that the token depends on like business activities in Hydroponic farms in AGRICULTURE, Online and Offline courses in EDUCATION, Solar Power Plants in RENEWABLE ENERGY, Essential Medicines in HEALTHCARE, own DEX, CEX, BCT PLATFORM and GAMISM for the strong liquidity. UNS has already pilot projects going on in aforesaid Agriculture, Education, DEX etc and the rest of the projects are under development. UNS’ own BCT network is capable of processing 2000 transactions per second and can be witnessed in its testnet that is live at https://testnet.unscan.io.

To the question why UNS is taking this kind of a route in BCT industry in Crypto domain, the CEO of UNS Mr.Suresh Sathyanarayanan says, “Not only the traders’ mood swings and the news prevailing in the market should determine the price of a token or coin, but the profits made out of real life projects should back the token or coin and only then can we protect investors’ interest with standard liquidity”. He adds, “Investors’ and traders’ trust over UNS is important for us and that’s why we directly pump the complete profits made in the real life and BCT projects as well to the liquidity pools present in PANCAKESWAP and the centralized exchange/s UNS is listed on through on-ramping method”.

Looks like that’s the reason why UNS branded cars are running in the Hi~Tech roads of UAE with RTA Approval. UNS announced that it’s organising a Blockchain conference called BCT ENTHUSIASTS IN DUBAI from Apr 17 to Apr 2024 for 5 days, it has already invited 100 Blockchain Enthusiasts and Scientists to register their profiles in https://bctenthusiastsatdubai.com through various possible channels and it’s promised that all the selected 100 personalities will enlighten the whole world on emerging Blockchain Technology through their panel discussions and speeches in the conference. Notable point is that, UNS is sponsoring the complete travel, stay and food expenditure to all the100 Blockchain Enthusiasts and Scientists at Dubai between Apr 17 and Apr 21, 2024. All preparations are already on for the event. 900 are the maximum people who can participate in the conference and they’re also given the opportunity to register for the event now itself at https://bctenthusiastsatdubai.com.

People can visit https://uns.technology to see the complete team involved in the unique project with whitepaper and all other stuff anyone needs to do research about.

Understanding the potential of the UNS ecosystem, so many International Inflencers and National Influencers of different regions across the Globe in the Crypto Domain have already started recommending UNS TOKEN to people in Crypto space. CryptoAman YouTube channels and the respective social media platforms of theirs are consciously supporting UNS so that traders and investors land in safe hands. It’s reported that CryptoAman and many other influencers will soon have collaboration with UNS MOVEMENT to act with the fullest possible potential to take the ecosystem to greater heights.

Traders and Investors have been trading and investing at PANCAKESWAP and the CENTRALIZED EXCHANGE/S where UNS token is listed.

BetFury Unveils Innovative NFT Lootboxes in Its Expanding NFT Ecosystem 13201

BetFury has launched its latest innovation – NFT Lootboxes, marking a significant milestone in its NFT ecosystem. These Lootboxes feature a variety of rare NFTs and diverse rewards, offering a unique opportunity for participants in the world of crypto art and gaming.

Understanding NFT Lootboxes

NFT Lootboxes, inspired by popular gaming mechanics, offer a modern twist with their focus on crypto art as the primary reward. BetFury has developed these Lootboxes with an emphasis on quality, offering a chance of winning a range of prizes. This development signifies the beginning of BetFury’s venture into the NFT space, with a promise of more innovative offerings to come.

Diverse Rewards in BetFury NFT Lootboxes

BetFury’s NFT Lootboxes come in various forms, each offering different probabilities for dropping NFTs alongside other lucrative rewards such as cryptocurrencies (BTC, ETH, USDT, BNB, TRX), free spins, free bets, and BetFury’s native token, BFG. The Lootboxes are designed to cater to a wide range of preferences, with options available for different budgets.

A Remarkable Win: An Example of Success

An example of these Lootboxes is a recent BetFury user who won the Bored Ape Yacht Club #5663 NFT. While such high-value wins are rare, this event showcases the unique opportunities presented by BetFury’s NFT Lootboxes.

Why BetFury’s NFT Lootboxes Stand Out

BetFury’s Lootboxes offer access to some of the most sought-after NFTs in the market, including renowned collections like Wrapped Cryptopunks, BoredApeYachtClub, and more. This initiative aligns with BetFury’s mission to provide diverse, high-quality crypto entertainment options.

About BetFury

BetFury is a comprehensive crypto ecosystem offering a variety of entertainment and income opportunities. The platform’s BFG token is listed on multiple exchanges and is a cornerstone of the BetFury Staking program. BetFury also boasts an extensive range of games and sports betting options, complemented by competitive RTPs and attractive bonuses.

Revolutionising Financial Services: 369X Announces Its Public Pre-Sale 13317

369X Press release Banner 1920x1080 1

In a significant move to revolutionise the financial services industry, 369X proudly announces its upcoming public sale, slated for December 18th. This sale marks a pivotal moment in the journey of 369X, a groundbreaking cryptocurrency exchange platform designed to integrate various financial services seamlessly.

Introducing 369X: A Seamless Integration of Financial Services

At its core, 369X is not just another crypto exchange. It’s a comprehensive financial ecosystem adept at handling an array of services – from cryptocurrencies and fiat to stocks.. The platform is the brainchild of a team with extensive experience in the banking sector, aiming to solve the fragmentation in current financial systems.

The Public Sale: A Gateway to Innovation

The public sale offers an exclusive opportunity to be part of 369X’s journey towards simplifying financial transactions. Prospective participants can acquire the platform’s native tokens at a special pre-sale price, becoming early adopters of a system that promises ease of use, enhanced security and compliance with regulatory standards.

Price and Sale Details: Public Seed Round

  • Date of Sale: December 18th
  • Token Price: $0.12
  • Total Tokens Available: 18,000,000
  • Sale Features: Early access to platform features and potential for future benefits.

The Team Behind 369X

Guided by Francesco Porcu, Francesco Fiacchi & Marco Baggioli, veterans with decades of experience in the financial markets, and supported by a team of former FCA-regulated brokers and compliance experts, 369X is poised to address the inefficiencies in current financial exchanges. The platform is built on cutting-edge technology, ensuring reliability, scalability and a user-friendly experience.

Solving the Fragmentation Problem

One of the primary objectives of 369X is to bridge the gap between decentralised cryptocurrency exchanges and regulated platforms. This approach not only makes it easier for users to manage their assets across various platforms but also instils a sense of trust and security.

Join the Revolution

As 369X embarks on this transformative journey, we invite you to be a part of a movement that’s setting new industry standards. The public sale is not just an opportunity to purchase tokens; it’s an invitation to join a community that believes in a more integrated and efficient financial future.

Reserve Your Spot

Visit https://www.369x.io/ to learn more about the public sale and how you can participate. Join us in redefining the financial landscape with 369X – where complexity is made simple.

About 369X:

369X is a state-of-the-art Centralised Exchange, launching soon. They blend security, sophistication and accessibility to offer a seamless trading experience for both crypto enthusiasts and newcomers alike.

Envisioning a world where every wallet effortlessly holds both crypto and fiat, they merge the old with the new to create a financial ecosystem that’s inclusive and forward-thinking.

369X’s mission is to bridge the financial divide by offering a secure, user-friendly and globally accessible crypto trading platform. They will go beyond transactions to educate, empower and engage their community in the evolving financial landscape.

More ways to learn about 369X here:

Website: https://369x.io
Whitepaper: https://369x.io/whitepaper
X: https://twitter.com/369X_io
Telegram Community: https://t.me/english369x
Telegram Channel: https://t.me/official_369X

Fresh Supply Co (FSCO) Integrates Hedera’s Token Service Into Continuity API, Boosting Lending Confidence Through Verifiable Payments 12611

Data provenance solution Fresh Supply Co (FSCO), has now integrated the Hedera Token Service (HTS) into its API tool, Continuity, which monitors the payment lifecycle and its associated approval processes. HTS is a turnkey solution that enables users to configure, mint, and manage native fungible and non-fungible tokens on the Hedera network. This integration will bring groundbreaking mainnet capabilities to FSCO’s Continuity API, enabling organizations to embedded conditional minting of tokens (both fungible and non-fungible) within commercial workflows. These range from invoices and debts and refine documentary workflows using artificial intelligence based large-language models.

FSCO’s financial-grade Continuity API facilitates any use case requiring event-based payment automation — particularly across the supply chain. It recently migrated its operations from the now discontinued private Mastercard Provenance blockchain to Hedera, the open-source, leaderless proof-of-stake network, in efforts to bring full transparency and data verifiability to borrowers and lenders across the supply chain and agricultural industries. The updated Continuity API, which until now was available exclusively on Hedera’s Consensus Service, now leverages HTS, Hedera’s token minting service, to enable greater transparency and verifiability of payment transactions across the whole value chain. Users can capture the fulfillment of cash transaction prerequisites and mint necessary transactional information as an NFT that can be transferred between wallets. This, in turn, empowers financial institutions to make data-driven credit decisions, increasing lending confidence and broadening trade financing opportunities for consumers.

Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, said: “Tokenization has the potential to be a game-changer for supply chain financing, particularly when it comes to strengthening data integrity and payment liquidity across supply chains. This integration presents a significant leap forward for improving supply chain provenance and facilitating better capital optimization across supplier networks. FSCO’s vision to empower more efficient and insight-driven supply chains through its platform aligns with Hedera’s commitment to enabling the next era of fast, fair, and secure applications. By harnessing Hedera’s environmentally friendly distributed ledger technology (DLT) — which offers real-time settlements — FSCO can also offer earlier payment triggers and enhance liquidity across its partner agricultural value chains.”

As part of this collaboration, FSCO will also harness AI to automate and streamline tokenization on the platform. With the launch of AI-backed tokenization capabilities, organizations can utilize large language model (LLM) technologies to extract data from documents and fast-track tokenization. This allows the development of intricate digital structures and improves digital workflow automation. This LLM-driven document extraction mechanism integrates seamlessly with Continuity, further underscoring FSCO’s emphasis on comprehensive and quality data for effective tokenization.

David Inderias, CEO at FSCO said, “Tokenization isn’t just a buzzword in the digital space. In the last few months, we have witnessed a huge spike in the adoption of token minting and tracking technologies for real-world use cases, such as establishing end-to-end visibility and tracking emissions across a supply chain, and managing contract value leakage between borrowers and lenders. As tokenization becomes more ubiquitous in private and commercial industries, the importance of diversifying our data acquisition sources (used for token tracking) becomes paramount. We are thrilled to work with Hedera to expand data sourcing beyond Enterprise Resource Planning (ERP) systems and bring crucial verifiability to the often opaque supply chain industry.”

FSCO incorporated the Hedera Consensus Service (HCS) into its Continuity API in August, enabling Hedera users to connect to Automated Clearing House payments, an electronic bank-to-bank form of payment available in the U.S., and the Mastercard network. Soon, Hedera’s user base will also be able to access Mastercard Payment Gateway Services (MPGS) and other forthcoming Mastercard Web3 and digital asset products as part of the integration.

About Fresh Supply Co (FSCO)

FSCO exists to revolutionize agribusiness. Its system goes beyond traditional funding methods by leveraging operational data and empowering lenders to make more informed decisions, supporting agribusinesses to claim better access to capital than ever before. Its founders, David Inderias and Ben Lyons, bring more than 40 years of combined industry experience to the team. Using their technology and supply chain expertise, David and Ben have transformed funding methods and unlocked trillions in capital — previously unattainable due to underperforming data.

FSCO transforms businesses’ capital access by changing the old industry narrative. Backed by a senior leadership team with global and multi-industry experience, FSCO is committed to creating positive change through fintech innovation.

About The HBAR Foundation

The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds – focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders – each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem.

The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org.

BRN Metaverse Performs Unprecedented 90% Token Burn, Paving the Way for a New Era in Cryptocurrency 12980

BRN Metaverse, a groundbreaking project at the intersection of Artificial Intelligence, Metaverse and WEB3 Gaming, has officially announced a monumental token burn of 90% with a groundbreaking move. This strategic decision, announced through the official channels of the project, will see the total token supply drop from 254 million to just 30 million, setting a historical precedent in the cryptocurrency space.

With its commitment to redefine market dynamics, BRN Metaverse aims to raise its value proposition by implementing a bold token burning strategy. The phased approach, which is scheduled to start with the first burning of 25 million coins on December 7, positions BRN Metaverse as an industry innovator.

The BRN Metaverse, which released the first burn, will announce the MEME Token and participate in its community through a pre-sale opportunity, where participants can participate by burning $brn. After the MEME Token pre-sale, the project will start a second burn, which will ultimately eliminate another 199 million tokens, reducing the total supply to 30 million.

Beyond the token burn, BRN Metaverse is preparing to launch WEB3 Game closed betas, where token holders can gain exclusive access. The closed beta phase promises a unique opportunity for players to participate in events and receive a share of the USDT pool of $10,000 for 15 days. The issues identified during the closed beta will be resolved quickly within three months, which will lead to the game being released to the public with advanced features during the month-long open beta.

The BRN Metaverse is currently traded on six major exchanges, including Mexc, Gateio, Bitmart, XT, Latoken and Pancakeswap. with plans to expand its presence in the Sunday in 2024, the project aims to further consolidate its position as a leading player in the cryptocurrency landscape.

About the BRN Metaverse:

BRN Metaverse has a comprehensive ecosystem that integrates Artificial Intelligence, Metaverse and WEB3 Games. Uniquely, the project realized its initial proposal exclusively through WEB3, demonstrating its commitment to the latest technologies.

In October, in addition to gaming innovations, BRN Metaverse is leading the way in wearable technology development. The project aims to create an immersive gaming experience by introducing XR (Extended Reality) instead of traditional VR. While XR wristbands convey in-game activities, XR glasses designed for real-world use take the gaming experience beyond the virtual realm.

The BRN Metaverse team is addressing a key challenge in the GameFi sector by offering player rewards in USDT, striking a balance between in-game transactions and the token economy.Dec. Fifty percent of the revenue generated from sales in the game is allocated to BRN, ensuring a sustainable token value, while the remaining 50% fuels further development in the gaming ecosystem.

Marker Metrics After Burn:

Maximum Supply: 30,000,000
Total Supply: 30,000,000
Circulation Source: 20,000,000
Market Value: $3,000,000

Website: https://www.brnmetaverse.net/
Exchanges: Mexc, Gateio, Bitmart, XT, Latoken, PancakeSwap
Telegram: https://t.me/BrnTokenGlobal
Twitter: https://twitter.com/BrnMetaverse
All social networks: https://linktr.ee/brntoken

StoneBridge Now Empowers Users with Advanced Crypto Arbitrage Opportunities 13054

In the midst of an intriguing digital currency landscape, crypto arbitrage seems to be gaining traction and popularity as an investment venue, for several good reasons. StoneBridge, a prominent broker, has recently upgraded the crypto arbitrage function within its ecosystem. This feature unfurls boundless frontiers for traders yearning to harness the art of arbitrage in the realm of digital coinage.

“I am delighted to share that our platform offers unique opportunities for users to engage in crypto arbitrage,” stated Troy De Beers, StoneBridge Ventures spokesperson, “Here, let me highlight that with the impending changes in EU regulations, set to align more closely with the approaches already seen in the UK, US, and Canada, arbitrage opportunities might not be as feasible in the near future. Therefore, there is no better time than now to explore the world of crypto arbitrage with us and seize the advantages it presents.”

An optimal opportunity for crypto enthusiasts

The implementation of the MiCA Regulation in the EU may create a stable and regulated environment for crypto arbitrage opportunities in the short term. However, it is important to be aware of the shifting climate and the potential for changes that could impact the feasibility of such prospects in the future.

“Here at StoneBridge, we take pride in being at the forefront of the cryptocurrency market’s transformation,” added De Beers. “The recent green light for the MiCA Regulation by the European Union is nothing short of a game-changer. Our mission is to empower our clients to thrive in this changing landscape by offering them not just reliable facilities but a seamless and lightning-fast execution process. With our optimum and secure services, users can pounce on opportunities as they come with confidence and precision.”

About StoneBridge

StoneBridge Ventures is a reputable trading service in the crowded trading services sector, integrating a breadth of offerings. The brand puts forward an extensive array of financial instruments, ranging from forex and commodities to cutting-edge markets like cryptocurrencies. Moreover, the broker’s referral programs and VIP offerings represent their understanding of community dynamics. Also, the company’s educational content, paired with responsive customer support, creates an environment where traders continuously learn and grow. In a nutshell, StoneBridge features the sophistication and interconnectedness of multiple features to cultivate an optimal ecosystem.

https://stonebridgeventures.com/