#Altcoin performance

[trader-sg112]

Bitcoin and Altcoins Update: Market Movements and Key Developments

The cryptocurrency market has experienced some intriguing shifts recently, with Bitcoin and various altcoins demonstrating varying levels of performance. Here’s a detailed overview of the latest market movements and notable developments.

Bitcoin: A Modest Decline with Strong Weekly Gains

Bitcoin, the leading cryptocurrency, has seen a slight decline of 0.9%, bringing its current price to $64,166.3. Despite this recent dip, Bitcoin has shown significant strength over the past week, trading up by 8.5%. This positive weekly performance highlights Bitcoin's resilience and continued appeal as an investment asset, even amidst short-term fluctuations.

Ether: A Small Drop Amid Anticipated ETF Approval

Ether has fallen by 0.2%, settling at $3,444.58. The drop comes as market participants await potential regulatory news. Recent reports suggest that the Securities and Exchange Commission (SEC) might approve a spot Ether ETF as early as next week. Such approval could have substantial implications for Ether's market dynamics, potentially driving up its value as institutional investment opportunities become more accessible.

SOL: Noteworthy Surge with ETF News

In contrast to Ether’s slight decline, Solana (SOL) has surged by 3.8%. This increase follows reports indicating that a spot SOL ETF is also in the pipeline. The anticipated approval of such an ETF could enhance Solana's visibility and attract new investment, contributing to its recent upward momentum.

ADA and XRP: Downturns Amid Market Volatility

Both Cardano (ADA) and Ripple (XRP) have experienced notable declines. ADA fell by 2.3%, while XRP saw a more substantial drop of 4.7%. These downturns reflect broader market volatility and may be influenced by various factors, including regulatory uncertainties and shifting investor sentiments.

Meme Tokens: DOGE and SHIB Face Declines

Among meme tokens, Dogecoin (DOGE) and Shiba Inu (SHIB) have also faced declines. DOGE fell by 1.1%, while SHIB saw a more significant slide of 6.2%. The fluctuations in these tokens underscore the volatility often seen in the meme coin sector, where price movements can be heavily influenced by social media trends and speculative trading.

Conclusion

The cryptocurrency market continues to demonstrate its dynamic nature, with Bitcoin maintaining a strong weekly performance despite recent declines. Ether’s minor drop is tempered by the potential approval of a spot ETF, which could bolster its market position. Meanwhile, Solana’s recent rise reflects optimism around its forthcoming ETF, while ADA and XRP, along with meme tokens like DOGE and SHIB, face varying degrees of market pressure. As always, staying informed about these developments is crucial for investors navigating the ever-evolving crypto landscape.

[dencyemily]

Analyst Insights: Ethereum's Bullish Breakout Points to Promising Altseason

Ethereum's recent breakout from its established price channel has ignited excitement in the crypto community, marking a strong start to what analysts and investors anticipate as the onset of an 'Altseason.' The surge in Ethereum's price, coupled with increased holdings among top wallets, reflects a positive market sentiment and hints at a broader rally in the altcoin space.

Technical Breakout:

ProfessorAstrones, a respected figure in the crypto space, highlighted Ethereum's technical breakout from its price channel, a trend that has persisted since October. The recent breach above the upper limit of this channel signifies a robust entry into a period historically associated with strong altcoin performance. The optimistic technical outlook has fueled a shared sense of enthusiasm among analysts and investors.

On-Chain Accumulation:

Supporting the technical perspective, on-chain data reveals a notable increase in buying activity, particularly from corporate entities and high-net-worth individuals. Post the approval of the Bitcoin ETF, the top 1,000 Ethereum wallets have significantly augmented their holdings, accumulating a total of 570,000 ETH and amassing a substantial 64.6 million ETH in total. This on-chain accumulation further bolsters confidence in Ethereum's potential for growth.

Market Reaction and Performance:

The market has responded positively to these developments, with Ethereum's current price at $2,529.98, reflecting a modest gain in the last day and a noteworthy 10.58% upswing over the previous week. Ethereum's market value, now exceeding $304 billion, reflects increased market participation and positive investor sentiment. The combination of technical breakthroughs and on-chain accumulation sets the stage for Ethereum's success and potentially signals the beginning of a broader altcoin rally.

[cryptotechnews24]

Unlocking the Power of Kaspa (KAS): A Deep Dive into the Altcoin's Impressive Performance and Growth Potential

Kaspa (KAS) has been on an impressive bullish run, maintaining an upward trajectory for three consecutive days, positioning itself as one of the top-performing altcoins in July. At the time of this writing, Kaspa is trading at $0.04223, representing a notable 13.01% increase in the past 24 hours. This impressive uptrend has led to an astounding surge of over 80.52% in the trailing 30-day period.

Kaspa's Enigmatic Power in the Blockchain World

Kaspa stands out in the blockchain landscape as it operates on a Directed Acyclic Graph (DAG)-powered proof-of-work (PoW) platform. Its emergence coincided with the need for an Ethereum (ETH) alternative after the transition of Ethereum from PoW to proof-of-stake (PoS) last year. Growth Drivers for Kaspa - Diverse Community and Increased Adoption: Kaspa's native community has been a driving force behind its growth, accumulating and supporting the project consistently. Furthermore, the entry of buyers from other protocols, like Ethereum, has contributed to bolstering Kaspa's appeal across the entire crypto space. - Utility and Performance Focus: Unlike many competitors in the market, Kaspa is prioritizing utility and performance over mere hype. The platform boasts an impressive throughput rate, capable of processing up to 100 blocks per second, making it exceptionally suitable for enterprise adoption. - Developer Team and Functionality Upgrades: The dedicated team of developers working on Kaspa has been instrumental in continuously enhancing its functionalities. Recently, they introduced a new update, further fortifying the platform's capabilities. Climbing the Ranks Kaspa's recent impressive growth has propelled it up the rankings, currently standing at the 208th position. However, there is a prevailing perception that the coin is still undervalued. With a series of upgrades and dApps in the pipeline, Kaspa holds the potential for further uptrend before the end of Q3.

Conclusion

Kaspa (KAS) has exhibited remarkable bullish momentum, making it one of the standout performers among altcoins in July. Its Directed Acyclic Graph (DAG)-powered proof-of-work (PoW) platform sets it apart in the blockchain world, and with the support of a dedicated community and growing adoption, its appeal continues to expand. Focusing on utility and performance, Kaspa stands out as a strong contender for enterprise adoption. As the team of developers keeps upgrading the platform, the potential for further uptrend remains high, positioning Kaspa for a promising future in the crypto market. For more articles visit: Cryptotechnews24 Source: u.today

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[exnori]

About Exnori

Hello, I am Exnori.com, a premier cryptocurrency exchange dedicated to revolutionizing the way you trade digital assets. I am here to offer a secure, efficient, and user-friendly platform that caters to both beginners and seasoned traders alike. Let me take you through the various aspects of my services and why I am the go-to choice for cryptocurrency trading.

Mission and Vision

At my core, my mission is to create a transparent, secure, and seamless trading environment. I strive to empower my users with the tools and knowledge they need to navigate the volatile world of cryptocurrencies confidently. My vision is to become a cornerstone of the cryptocurrency ecosystem, where traders can thrive and reach their financial goals.

Robust Security Protocols

Security is my utmost priority. I employ state-of-the-art encryption techniques, robust multi-factor authentication, and continuous monitoring to protect your assets and personal information. My security infrastructure is designed to be resilient against cyber threats, ensuring that your investments are safe with me.

User-Centric Design

I am designed with the user in mind. My platform boasts a clean, intuitive interface that simplifies the trading process. Whether you are accessing me via desktop or mobile, you will find a consistent and user-friendly experience that makes trading easy and accessible, no matter where you are.

Extensive Cryptocurrency Selection

I offer a vast selection of cryptocurrencies for trading. From established giants like Bitcoin, Ethereum, and Ripple to promising new altcoins, my diverse range of assets ensures that you can find the right opportunities to diversify your portfolio and maximize your trading potential.

Competitive and Transparent Fee Structure

I believe in providing value to my users. My fee structure is transparent and competitive, allowing you to understand exactly what you are paying for each transaction. By keeping fees low, I help you maximize your returns and make the most out of your trading activities.

Comprehensive Educational Resources

Knowledge is power, especially in the dynamic world of cryptocurrency. I offer a wealth of educational resources, including in-depth articles, video tutorials, and live webinars. These resources are tailored to help you understand market trends, develop effective trading strategies, and make informed decisions.

Advanced Trading Tools

For the more experienced traders, I provide a suite of advanced trading tools. These include detailed charting capabilities, technical indicators, and algorithmic trading support through my API. Whether you are a day trader or a long-term investor, my tools are designed to enhance your trading strategy and performance.

Community and Customer Support

I pride myself on fostering a vibrant community of traders. My platform encourages interaction and the exchange of ideas among users, creating a collaborative environment. Additionally, my customer support team is available 24/7 to assist you with any issues or questions you may have, ensuring a smooth and supportive trading experience.

Innovation and Continuous Improvement

The cryptocurrency market is constantly evolving, and so am I. I am committed to continuous innovation and regularly update my platform with new features and improvements. This dedication to staying ahead of the curve ensures that I can provide you with the best tools and technologies for successful trading.

Conclusion

Choosing Exnori.com means partnering with a platform that is dedicated to your success. With my robust security measures, user-centric design, extensive asset selection, competitive fees, and unwavering support, I am here to help you achieve your trading goals. Join me at Exnori.com and experience the future of cryptocurrency trading.

By joining Exnori.com, you are becoming part of a dynamic and forward-thinking community. Let's trade smarter, safer, and more effectively together. Welcome to Exnori.com, where your trading journey begins!

[samdrews]

Bitcoin (BTC) gained significant momentum this week, pushing toward a $1 trillion market cap. Trading over $23,000 and approaching $23,500, Bitcoin leads the crypto market surge.

Cryptocurrencies prices heatmap, source: Coin360

Altcoins also saw strong gains despite Bitcoin dominating the spotlight. Ethereum (ETH) remains above $1,500, while Ripple (XRP) is up 1.60% at $0.4165, and Polkadot (DOT) has risen 2.42%.

Altcoin season is evident with Cardano (ADA), Binance Coin (BNB), Litecoin (LTC), Bitcoin Cash (BCH), and Chainlink (LINK) all recording minor gains. The overall crypto market capitalization has surged past $1 trillion, though Bitcoin’s dominance has dropped to 41.17%.

Top gainers include GALA, up over 27%, and other strong performers like Trust Wallet Token, Avalanche, Enjin Coin, Flax Share, and GMX token, each gaining over 10%.

Top gainers and losers of the day: CoinMarketCap

Despite Genesis Capital’s bankruptcy on Jan. 19, the market sentiment remains bullish, with investors continuing to enter the crypto space. Over the week, market capitalization climbed 7%, and 11 of the top 80 coins saw gains of 18% or more.

Bitcoin price analysis

Bitcoin is at $23,003.26, up 0.13% in the last 24 hours, with a market cap of $444.7 billion. Bitcoin has risen 36% over the past 30 days, with support at $22,200 and resistance at $24,000. Trading above the 21-day EMA, Bitcoin shows bullish control, with the RSI above 50 and a positive MACD indicating potential sideways trading before another move.

Ethereum Price Analysis

Ethereum is trading at $1,591.12, consolidating above $1,500 despite a slight dip. Its market cap is $186 billion. Up over 33% in the past 30 days, Ethereum shows bullish sentiment. Support is at $1,540 and resistance at $1,620. A stagnant triangle pattern suggests an imminent directional move, with the RSI neutral and MACD bullish. The Stochastic RSI in the overbought zone indicates a potential pullback before further gains. Overall, the sentiment remains positive for ETH.

In January's final week, the market cap surpassed $1 trillion, while Bitcoin’s dominance rose.

[ragniamit]

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[plurancetechnologies]

Build a Seamless Crypto Exchange Experience with Binance Clone Software

Binance Clone Script

The Binance clone script is a fully functional, ready-to-use solution designed for launching a seamless cryptocurrency exchange. It features a microservice architecture and offers advanced functionalities to enhance user experience. With Plurance’s secure and innovative Binance Clone Software, users can trade bitcoins, altcoins, and tokens quickly and safely from anywhere in the world.

This clone script includes essential features such as liquidity APIs, dynamic crypto pairing, a comprehensive order book, various trading options, and automated KYC and AML verifications, along with a core wallet. By utilizing our ready-to-deploy Binance trading clone, business owners can effectively operate a cryptocurrency exchange platform similar to Binance.

Features of Binance Clone Script

Security Features

AML and KYC Verification: Ensures compliance with anti-money laundering and know-your-customer regulations.

Two-Factor Authentication: Provides an additional security measure during user logins.

CSRF Protection: Shields the platform from cross-site request forgery threats.

DDoS Mitigation: Safeguards the system against distributed denial-of-service attacks.

Cloudflare Integration: Enhances security and performance through advanced web protection.

Time-Locked Transactions: Safeguards transactions by setting time limits before processing.

Cold Wallet Storage: Keeps the majority of funds offline for added security.

Multi-Signature Wallets: Mandates multiple confirmations for transactions, boosting security.

Notifications via Email and SMS: Keeps users informed of account activities and updates.

Login Protection: Monitors login attempts to detect suspicious activity.

Biometric Security: Utilizes fingerprint or facial recognition for secure access.

Data Protection Compliance: Adheres to relevant data privacy regulations.

Admin Features of Binance Clone Script

User Account Management: Access detailed user account information.

Token and Cryptocurrency Management: Add and manage various tokens and cryptocurrencies.

Admin Dashboard: A comprehensive interface for managing platform operations.

Trading Fee Setup: Define and adjust trading fees for transactions.

Payment Gateway Integration: Manage payment processing options effectively.

AML and KYC Oversight: Monitor compliance processes for user verification.

User Features of Binance Clone Script

Cryptocurrency Deposits: Facilitate easy deposit of various cryptocurrencies.

Instant Buy/Sell Options: Allow users to trade cryptocurrencies seamlessly.

Promotional Opportunities: Users can take advantage of promotional features to maximize profits.

Transaction History: Access a complete record of past transactions.

Cryptocurrency Wallet Access: Enable users to manage their digital wallets.

Order Tracking: Keep track of buy and sell orders for better trading insights.

Binance Clone Development Process

The following way outline how our blockchain experts develop a largely effective cryptocurrency exchange platform inspired by Binance.

Demand Analysis

We begin by assessing and gathering your business conditions, similar as the type of trades you want to grease, your target followership, geographical focus, and whether the exchange is intended for short-term or long-term operation.

Strategic Planning

After collecting your specifications, our platoon formulates a detailed plan to effectively bring your ideas to life. This strategy aims to deliver stylish results acclimatized to your business requirements.

Design and Development

Our inventors excel in UI/ UX design, creating visually appealing interfaces. They draft a unique trading platform by exercising the rearmost technologies and tools.

Specialized perpetration

Once the design is complete, we concentrate on specialized aspects, integrating essential features similar to portmanteau connectors, escrow services, payment options, and robust security measures to enhance platform functionality.

Quality Assurance Testing

After development, we conduct thorough testing to ensure the exchange platform operates easily. This includes security assessments, portmanteau and API evaluations, performance testing, and vindicating the effectiveness of trading machines.

Deployment and Support

Following successful testing, we do with the deployment of your exchange platform. We also gather stoner feedback to make advancements and introduce new features, ensuring the platform remains robust and over-to-date.

Revenue Streams of a Binance Clone Script

Launching a cryptocurrency exchange using a robust Binance clone can create multiple avenues for generating revenue.

Trading Fees

The operator of the Binance clone platform has the discretion to set a nominal fee on each trade executed.

Withdrawal Charges

If users wish to withdraw their cryptocurrencies, a fee may be applied when they request to transfer funds out of the Binance clone platform.

Margin Trading Fees

With the inclusion of margin trading functionalities, fees can be applied whenever users execute margin transactions on the platform.

Listing Fees

The platform owner can impose a listing fee for users who want to feature their cryptocurrencies or tokens on the exchange.

Referral Program

Our Binance clone script includes a referral program that allows users to earn commissions by inviting friends to register on the trading platform.

API Access Fees

Developers can integrate their trading bots or other applications by paying for access to the platform’s API.

Staking and Lending Fees

The administrator has the ability to charge fees for services that enable users to stake or lend their cryptocurrencies to earn interest.

Launchpad Fees

The Binance clone software offers a token launchpad feature, allowing the admin to charge for listing and launching new tokens.

Advertising Revenue

Similar to Binance, the trading platform can also generate income by displaying advertisements to its users.

Your Path to Building a Crypto Exchange Like Binance

Take the next step toward launching your own crypto exchange similar to Binance by collaborating with our experts to establish a robust business ecosystem in the cryptocurrency realm.

Token Creation

Utilizing innovative fundraising methods, you can issue tokens on the Binance blockchain, enhancing revenue generation and providing essential support for your business.

Staking Opportunities

Enable users to generate passive income by staking their digital assets within a liquidity pool, facilitated by advanced staking protocols in the cryptocurrency environment.

Decentralized Swapping

Implement a DeFi protocol that allows for the seamless exchange of tokenized assets without relying on a central authority, creating a dedicated platform for efficient trading.

Lending and Borrowing Solutions

Our lending protocol enables users to deposit funds and earn annual returns, while also offering loans for crypto trading or business ventures.

NFT Minting

Surpass traditional cryptocurrency investments by minting a diverse range of NFTs, representing unique digital assets such as sports memorabilia and real estate, thereby tapping into new market values.

Why Should You Go With Plurance's Ready-made Binance Clone Script?

As a leading cryptocurrency exchange development company, Plurance provides an extensive suite of software solutions tailored for cryptocurrency exchanges, including Binance scripts, to accommodate all major platforms in the market. We have successfully assisted numerous businesses and entrepreneurs in launching profitable user-to-admin cryptocurrency exchanges that rival Binance.

Our team consists of skilled front-end and back-end developers, quality analysts, Android developers, and project engineers, all focused on bringing your vision to life. The ready-made Binance Clone Script is meticulously designed, developed, tested, and ready for immediate deployment.

Our committed support team is here to help with any questions you may have about the Binance clone software. Utilizing Binance enables you to maintain a level of customization while accelerating development. As the cryptocurrency sector continues to evolve, the success of your Binance Clone Script development will hinge on its ability to meet customer expectations and maintain a competitive edge.

[coineagle]

Bitwise CIO Regrets Overlooking Ethereum – Unveils Reasons Behind It

Key Points

Ethereum’s valuation relative to Bitcoin has dropped to a four-year low, causing market concerns.

Bitwise’s CIO, Matt Hougan, remains confident about Ethereum’s potential for a price reversal.

Ethereum’s relative valuation to Bitcoin has caused market unease as the ETH/BTC pair fell below 0.04 for the first time in nearly four years. This pair measures Ethereum’s value in relation to Bitcoin, and its multi-year decline signifies the altcoin’s underperformance.

Ethereum’s Performance and Future Prospects

Interestingly, Ethereum has lost its yearly gains, while Bitcoin is up by 40%. Furthermore, Solana, Ethereum’s main competitor, has seen an 18% increase year-to-date.

Despite this, digital asset manager Bitwise remains optimistic about Ethereum’s future. Bitwise’s CIO, Matt Hougan, believes that Ethereum could recover after the U.S. elections.

In a note to investors, Hougan stated, “I think people are too quick to look past Ethereum and the real-world success we’re already seeing in its ecosystem.” He mentioned the prediction site Polymarket, the substantial stablecoin, and the DeFi space as major bullish indicators for the altcoin. Moreover, the growing institutional interest from firms like BlackRock could also boost Ethereum’s value.

According to Hougan, additional regulatory clarity on the DeFi space, particularly after the U.S. elections, could further elevate the altcoin’s value.

Ethereum’s Current Challenges

Several reasons have been posited for Ethereum’s underperformance compared to Bitcoin. David Duong, Coinbase’s Head of Institutional Research, attributes most of the muted price to the market structure, typically characterized by slow activity during the summer.

Moreover, the disappointing performance of U.S. spot Ethereum ETFs has been identified as a factor for weak Ethereum sentiment. Unlike its Bitcoin ETFs, Ethereum products have seen net negative flows of $606 million since their launch in July.

Hougan also cites regulatory uncertainty as a significant factor impacting Ethereum, especially with the upcoming U.S. elections and the lack of a clear presidential frontrunner. He also mentioned the community’s concern over Ethereum’s tokenomics as contributing to its current challenges.

For context, Ethereum’s revenue has dropped to a four-year low after scaling allowed L2s to attract most of the volume from the L1 base layer, causing concerns among users.

Meanwhile, the ETH/BTC pair is on the brink of falling below its multi-year descending channel. However, market analyst Benjamin Cowen predicts that ETH/BTC could bottom out by the end of the year. At present, Ethereum is valued at $2.3K, a 43% drop from its March highs of $4K.

[bitfunded]

Mastering the Future of Finance: Crypto Prop Trading Firms

The world of finance is evolving at a rapid pace, and nowhere is this more evident than in the rise of cryptocurrency. The demand for innovative trading solutions has led to the emergence of crypto proprietary (prop) trading firms. These firms play a crucial role in shaping the future of digital asset trading. They provide the platform, resources, and expertise for traders to leverage cryptocurrency market opportunities.

In this article, we’ll explore the concept of crypto prop trading, the benefits of joining a crypto prop trading firm, and what to consider before diving into this high-risk, high-reward world.

Understanding Crypto Prop Trading

In traditional proprietary trading, firms invest their own capital rather than handling client investments. Traders employed by prop trading firms are given access to the company’s resources, tools, and funds to engage in high-frequency trading, arbitrage, or directional bets on market trends. Profits are split between the firm and the trader based on a pre-determined percentage.

Crypto prop trading operates similarly but is exclusively focused on the cryptocurrency market. It involves trading assets such as Bitcoin, Ethereum, and various altcoins. Traders at a crypto prop trading firm analyze the market, use advanced algorithms, and employ sophisticated risk management strategies to generate profits.

 Given the volatility and unpredictability of crypto markets, prop trading offers substantial opportunities for both high gains and steep losses.

Key Benefits of Crypto Prop Trading

Access to Capital One of the most significant benefits of joining a crypto prop trading firm is access to substantial capital. In crypto markets, a well-funded account can amplify profits, allowing traders to take larger positions and benefit from market swings. Firms typically provide traders with a portion of their profits, keeping the rest to cover operating expenses and reinvest in trading activities.

Risk Management Expertise Crypto markets are notorious for their volatility, and managing risk is key to success. Prop trading firms have established risk management protocols, providing traders with the guidance they need to minimize potential losses. These firms often use sophisticated tools to monitor market trends and limit exposure, helping traders make informed decisions.

Advanced Trading Tools and Technology Another advantage is access to cutting-edge technology. Proprietary firms invest heavily in high-speed algorithms, data analytics, and blockchain analysis tools to stay ahead in the market. Traders without access to these advanced tools may find it harder to execute successful strategies on their own. A crypto prop trading firm will offer its traders these tools to ensure competitiveness.

Profit Sharing and Learning Opportunities Traders at a prop firm typically earn a share of the profits they generate, incentivizing high performance. Many firms also offer structured training programs to develop traders' skills, particularly when it comes to understanding market patterns, refining trading strategies, and enhancing technical expertise. New traders can benefit greatly from the mentorship provided in these environments.

Things to Consider Before Joining a Crypto Prop Trading Firm

Profit Split While firms provide traders with access to large amounts of capital, they also expect a share of the profits. Before joining a prop firm, it’s crucial to understand the profit-sharing model. Depending on the agreement, a trader could receive anywhere from 50% to 90% of the profits, with the firm retaining the rest.

Risk and Loss Management Trading in the cryptocurrency market is risky, and losses are inevitable. Prop firms typically offer a set risk limit, meaning traders can only lose a specific percentage of the firm’s capital. However, in some cases, traders might be held personally accountable for losses beyond this limit. Understanding the risk policies is essential before committing to a firm.

Performance Expectations Prop trading firms are performance-driven environments. They often set strict targets for traders, and those who fail to meet them might face job insecurity. Aspiring traders must be prepared for the pressure of delivering consistent results, particularly in volatile markets like crypto.

Regulatory Considerations The regulatory landscape surrounding cryptocurrencies is still developing. Traders and firms must stay up-to-date with the latest laws and regulations in different countries. Non-compliance can result in fines, shutdowns, or legal action. It’s crucial to ensure that the firm you work with operates within a well-defined legal framework.

Why Crypto Prop Trading is Growing

The surge in the popularity of cryptocurrencies has been driven by their decentralized nature and the potential for significant returns. As the digital economy continues to expand, crypto prop trading is expected to grow in demand. Traders are drawn to the flexibility, access to capital, and the ability to generate high profits in relatively short periods.

Moreover, the introduction of decentralized finance (DeFi) platforms and the rise of non-fungible tokens (NFTs) have expanded the opportunities available in the crypto market. Crypto prop trading firms that stay on top of these trends will likely continue to flourish.

Conclusion

For those looking to capitalize on the lucrative yet unpredictable world of cryptocurrencies, joining a crypto prop trading firm can be a powerful way to gain access to resources, expertise, and large capital reserves. However, as with any financial endeavor, it's crucial to understand the risks involved and to carefully choose the right firm.

If you're serious about entering the world of crypto prop trading, consider working with established names in the industry like Bitfunded, which provides traders with the tools and capital needed to succeed in the digital finance revolution.

[sarajaneee]

Mastering Crypto Trading Bot Development: A Business Guide to Building Your Own Automated Trader

The constant changes in cryptocurrency trading explain that using technology is an important competitive advantage. Automated trading in the altcoins has become important too to save time, minimize the workload, and maximize profitability. It was therefore important for business people who want to venture into this new field to know how to create and operate a Crypto trading bot.

What does the mean Crypto Trading Bot?

A Cryptocurrency Trading Bot is an application of computer software used to carry out different trading tasks for an investor. These bots can open trades that are coded and can be initiated depending on the specified guidelines and can run for the whole year without the interference of a human being. They assist traders in exploiting market opportunities, mitigating risks, and optimizing the effectiveness of the trading process.

Creating Your Own Crypto Trading Bot: A Guide  

Define Your Objectives

To start developing this trading bot, there is a set of objectives that should be outlined first. Consider the following questions:

What are your needs for trading? Do you want fast returns that can be achieved in a shorter time, long-term goals, or both?

Which markets are you going to trade in? Are you going to select individual coins or multiple assets as your specialization in the industry?

It will also help in the development process and warrant the created bot to meet your specific needs by having clear-developed objectives.

Design the Trading Algorithm

The algorithm used in trading bots is the primary aspect that defines it. This algorithm defines how this bot is going to trade based on the available information within the market. 

Data Analysis: Within its framework, make use of technical signals, charts, and past experience when making trading decisions.

Execution Strategy: Determine how the bot will act in trading where the type of orders will be used, market or limit orders, and the speed of order execution.

Make sure to test your algorithm with enough rigor as well as optimize it before integrating it.

Integrate with Trading Platforms

For your bot to perform trades, it has to interact with a trading platform or an exchange. All platforms offer APIs that enable bots to access their systems and communicate with them. Key considerations include:

API Access: Apply for API keys from the trading platform and have approval to execute the trades.

Connectivity: Make sure that the bot can maintain stable connectivity with its API so as not to be disconnected from the platform.

Security: Strong security measures should be put in place to ensure that your API keys and trading information are secure.

Test Your Bot

When you have developed your trading bot and are ready for it to be placed in live markets, be sure to practice it first. Testing methods include:

Backtesting: Present your bot’s performance based on historical data of the market to get its effectiveness and fine-tune parameters if necessary.

Paper Trading: The bot should be tested on a simulated market with live market data and no real money invested.

Live Testing: Use a small amount of capital to create the bot and test its effectiveness under real market conditions.

It is critical to observe the bot’s behavior during testing and fix any issues that will arise for efficiency.

Deploy and Monitor

After you have completed and tested your trading bot, the next step is to go live with your trading bot. It is important to check its operation frequently to understand whether it works correctly and make necessary changes depending on the current conditions of the market. Key monitoring tasks include:

Performance Tracking: Review trading performance in terms of revenue and loss, and commitment to strategy plans.

Error Handling: This could be the technique for addressing failures and other such occurrences as network connectivity problems or changes in the API.

Continuous Improvement: Always check and modify the algorithm of the bot to befit the current market requirements and the best performance.

Stay Compliant

Make sure that you do not violate the laws, rules, and regulations that govern a particular country or exchange. Compliance is important due to legal reasons and to ensure that trading activities conform to appropriate standards.

Conclusion

Gaining expertise in the building of cryptocurrency trading bots can greatly increase both the profitability and effectiveness of your trade. By building your bot, you gain control, customization, and a competitive advantage in the fast-paced world of cryptocurrency trading. Follow the steps outlined in this guide to create a robust and effective trading bot customized to your business needs.

For those searching for expert support in developing a high-performance trading bot, Fire Bee Techno Services stands out as a leading provider. With their expertise in Crypto Trading Bot Development, Our Services can help you design, build, and deploy a trading bot that aligns with your business goals and drives success in the crypto market.

[dencyemily]

Delving into Market Dynamics: SOL, WOO, and BEAM - A Crypto Trio's Exploration

In the dynamic and often unpredictable world of cryptocurrencies, Solana (SOL) has recently demonstrated remarkable resilience, standing tall with a closing value of $101.30. Despite the inherent volatility in the crypto market, SOL exhibited a notable gain of 4.22%, solidifying its position as the 5th largest cryptocurrency with a substantial market capitalization of $42.97 billion.

A key metric indicating Solana's robust presence in the market is the Volume/Market Cap ratio, currently sitting at a healthy 4.70%. This ratio underscores a well-balanced liquidity-to-market capitalization relationship, suggesting a strong market presence. Despite a minor correction of 1.52% over the past day, SOL's overall bullish trend remains intact, with a trading volume of $2.05 billion further supporting its market robustness.

Investors and crypto enthusiasts are advised to keep a close eye on potential support levels, as Solana continues to assert its dominance and establish a promising trajectory within the dynamic crypto landscape.

Wootrade (WOO) Surges with a 5.82% Gain, Demonstrating Market Demand

Amidst the vast array of cryptocurrencies, Wootrade (WOO) has emerged as a standout performer, showcasing an impressive gain of 5.82% and reaching a current price of $0.4496. Positioned as the 83rd largest cryptocurrency, WOO boasts a market capitalization of $814 million. What sets Wootrade apart is its extraordinary volume dominance, recording a staggering 74.49% in the last 24 hours, indicating robust demand for this asset.

The Volume/Market Cap ratio further strengthens WOO's appeal, standing at 4.64%, signifying a substantial and well-distributed liquidity profile. Wootrade's exceptional market position positions it as a compelling option for traders seeking opportunities within the vibrant altcoin space.

While the surge in volume dominance could be attributed to positive developments within the Wootrade ecosystem, traders should remain vigilant for potential breakout patterns or key support and resistance levels. Wootrade's strong market presence positions it as a formidable contender in the evolving crypto landscape.

Beam (BEAM) Faces Minor Correction Amidst Stable Liquidity Dynamics

In the expansive and ever-evolving cryptocurrency market, Beam (BEAM) recently experienced a slight correction, witnessing a 1.52% dip and bringing its value to $0.09618. Currently ranked as the 849th cryptocurrency by market cap, Beam's current market capitalization stands at $14,249,077. Despite the short-term decline, BEAM maintains a healthy volume/market cap ratio of 6.34%, indicating a reasonable level of liquidity.

The correction in Beam's value can be attributed to factors such as profit-taking by short-term traders or a natural market adjustment. Technical analysis suggests that BEAM might be entering a consolidation phase, prompting traders to observe potential support levels in the coming days.

Beam's resilient liquidity profile offers potential entry points for traders navigating the complex and dynamic crypto market landscape.

Navigating Unique Crypto Narratives: Solana, Wootrade, and Beam

In conclusion, Solana (SOL), Wootrade (WOO), and Beam (BEAM) contribute distinctive narratives to the cryptocurrency market. Solana's resilience and minor correction present strategic opportunities, while Wootrade's exceptional volume dominance solidifies its position in the altcoin space. Beam, despite a short-term decline, maintains a strong liquidity profile, providing opportunities for informed traders.

The ever-evolving crypto landscape demands careful attention to these dynamic narratives, ensuring that investors and traders stay well-informed for making judicious decisions in this exciting and unpredictable market.

[36crypto]

Justin Sun Predicts TRON to Become a Top Three Cryptocurrency in Two Years

TRON founder Justin Sun has confidently predicted that TRON will become one of the top three cryptocurrencies within the next two years. Sun made this bold statement during a recent interview with Austin Arnold on the Altcoin Daily podcast. Sun’s forecast is based on TRON’s current trajectory and performance rather than mere optimism. Sun focused on the monthly and weekly achievements of the…

[blockinsider]

Ethereum Plummets to a 3-Year Low: What’s the Future for ETH?

Key Points

Ethereum’s underperformance has reached a three-year low, falling behind peers like Bitcoin and Solana.

Experts suggest that a significant reversal for Ethereum could only occur through a fundamental shift in narrative.

Despite the ongoing bull run in the market cycle, Ethereum has lagged behind its peers, including Bitcoin and Solana. The underperformance of Ethereum continued even after the US spot Ethereum ETF was approved in July.

Ethereum’s Performance

Over the weekend, the ETHBTC ratio, which measures the value of Ethereum relative to Bitcoin, fell below 0.04, hitting a yearly low last witnessed 3.5 years ago. Alex Thorn, Head of Research at Galaxy Digital, pointed out this worrying trend since the post-Merge upgrade.

Thorn questioned, “ETHBTC just traded on a 0.03 handle for the first time in 3.5 years (Apr 2021). -53% since the Merge in September 2022. What stops this train?” At the time of writing, the ETHBTC ratio had broken below its descending channel, suggesting that more investors could potentially rotate capital to Bitcoin.

Possible Future for Ethereum

Thorn suggested that Ethereum could only experience a significant reversal through a fundamental shift in narrative. He stated, “Big forces are at play here. I don’t think a technical breakout is the thing that does it here. It needs a fundamental narrative shift.”

Following the Dencun upgrade in March, Ethereum’s fees suffered a significant blow, and L1 network activity declined. Some experts attributed this to ‘parasitic and extractive L2s.’ The monthly revenue plummeted from nearly $600 million in March to $100 million in September.

During the same period, Ethereum became inflationary, with more tokens being issued than burned. This undermined its ‘ultra-sound money’ status post the Merge.

David Doung, Global Head of Research at Coinbase, attributed Ethereum’s price underperformance to the current market structure. Doung highlighted the weak seasonals in September and competition from other altcoins. He suggested that the short-term narrative could only shift if Ethereum brings more real-world assets and applications with broad public appeal into the network.

Crypto analyst Benjamin Cowen projected that the ETH/BTC ratio could bottom at 0.30 – 0.40 by December and rally in 2025. He warned that the ETH/BTC crash could derail an altcoin rally. Cowen noted, “But history shows that when ETH/BTC crashes, the ALTs will follow.” At press time, Ethereum was valued at $2.3K, down nearly 10% from its monthly high of $2.56K hit in early September.

[crypto-products]

Comparing Altcoins: Technological Features and Innovations

Introduction

In the ever-evolving landscape of cryptocurrency, choosing the right altcoin can be a daunting task. With numerous options available, each boasting unique technological features, it’s crucial to understand how they differ to make informed investment decisions. As a seasoned crypto trader with over a decade of experience, I’ve closely examined various altcoins and their technological nuances. This article provides a comparative analysis of prominent altcoins based on their technological characteristics, highlighting their strengths and unique features.

Ethereum (ETH) vs. Binance Smart Chain (BSC)

Ethereum (ETH): Pioneering Smart Contracts and dApps

Smart Contract Functionality: Ethereum’s introduction of smart contracts revolutionized the blockchain industry. Its ability to execute self-enforcing agreements without intermediaries has set the standard for decentralized applications (dApps). ERC-20 and ERC-721 Standards: Ethereum is the foundation for many tokens and NFTs. The ERC-20 standard facilitates token creation, while the ERC-721 standard is crucial for NFTs, enabling unique digital assets. Scalability Challenges: Despite its dominance, Ethereum faces scalability issues, leading to high transaction fees and slower processing times. Ethereum 2.0 aims to address these issues with its transition to a proof-of-stake (PoS) consensus mechanism and shard chains. Binance Smart Chain (BSC): Speed and Cost Efficiency

Consensus Mechanism: BSC uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which provides faster transaction times and lower fees compared to Ethereum’s Proof-of-Work (PoW) system. Interoperability: BSC’s compatibility with Ethereum allows for easy migration of dApps and assets between the two chains, broadening its ecosystem. Growing Ecosystem: Platforms like PancakeSwap and BakerySwap operate on BSC, expanding its use case beyond simple transactions to complex DeFi and NFT applications.

Cardano (ADA) vs. Polkadot (DOT)

Cardano (ADA): Research-Driven Development

Ouroboros Protocol: Cardano utilizes the Ouroboros PoS protocol, known for its emphasis on security and scalability. This protocol is designed to be energy-efficient and supports smart contracts with minimal environmental impact. Academic Approach: Cardano’s development is heavily research-driven, with peer-reviewed academic papers guiding its upgrades and features. This method aims to ensure robust and sustainable technology. Governance and Development: Cardano features a unique governance model that allows ADA holders to vote on protocol changes, promoting community-driven development and consensus. Polkadot (DOT): Interoperability and Scalability

Relay Chain and Parachains: Polkadot introduces a multi-chain architecture with a central relay chain and various parachains. This design enables different blockchains to interoperate and share security while maintaining their own consensus rules. Substrate Framework: The Substrate framework allows developers to create custom blockchains tailored to specific needs, enhancing scalability and flexibility within the Polkadot network. Cross-Chain Communication: Polkadot’s focus on cross-chain communication facilitates seamless interactions between disparate blockchain ecosystems, fostering a more interconnected blockchain landscape.

Solana (SOL) vs. Avalanche (AVAX)

Solana (SOL): High Throughput and Speed

Proof-of-History (PoH): Solana introduces a unique Proof-of-History consensus mechanism that timestamps transactions, enabling high throughput and low latency. This approach contributes to Solana’s impressive transaction speed and scalability. Scalability: Solana’s architecture is designed for high performance, supporting thousands of transactions per second and providing an affordable transaction fee structure. Ecosystem Growth: Solana’s rapid growth in DeFi and NFT applications is driven by its scalability, attracting a diverse range of projects and users. Avalanche (AVAX): Flexible and Customizable

Consensus Mechanism: Avalanche employs a novel consensus protocol known as Avalanche Consensus, which combines the benefits of classical and Nakamoto consensus mechanisms to achieve high throughput and low latency. Subnets: Avalanche supports customizable subnets, allowing developers to create private or public blockchains with tailored features and governance structures. This flexibility enhances its appeal to various sectors. Interoperability: Avalanche’s architecture promotes interoperability with other blockchains, enabling cross-chain transactions and interactions. Conclusion

Understanding the technological features of altcoins is essential for making informed investment decisions. Each altcoin offers unique strengths and innovations, from Ethereum’s smart contracts and Binance Smart Chain’s cost efficiency to Cardano’s research-driven approach and Polkadot’s interoperability. By analyzing these technological aspects, investors can better navigate the crypto landscape and identify altcoins that align with their strategic goals.

For anyone involved in cryptocurrency trading or investment, keeping abreast of technological developments and trends is vital. As the industry continues to evolve, staying informed about these advancements will help in making strategic decisions and capitalizing on emerging opportunities in the world of altcoins.

[mrhellox]

Cryptocurrency Exchange for Spot, Contract, and Copy Trading

In the ever-evolving world of cryptocurrency, finding a reliable and user-friendly exchange is vital for traders of all experience levels. Toobit has positioned itself as a leading cryptocurrency exchange, offering diverse trading services, including spot trading, contract trading, and copy trading. Whether you're dealing in major coins like Bitcoin (BTC), Ethereum (ETH), or emerging tokens such as TRX (Tron), Toobit provides a robust platform that meets the needs of both novice and professional traders.

Key Services Offered by Toobit

Toobit distinguishes itself through its range of features that cater to different trading styles:

Spot Trading

Spot trading is one of the most straightforward ways to trade cryptocurrencies. Users can buy and sell digital assets at current market prices for immediate settlement. On Toobit, traders can access a variety of cryptocurrencies, including Bitcoin, Ethereum, and TRX (Tron). With high liquidity and minimal fees, Toobit ensures fast and smooth transactions, whether you’re a day trader or a long-term investor.

Contract Trading

Contract trading on Toobit allows users to trade crypto derivatives, giving them the opportunity to speculate on future price movements without owning the underlying assets. With contract trading, users can open leveraged positions on cryptocurrencies like Bitcoin, Ethereum, and TRX price, enabling them to maximize potential returns in both bullish and bearish markets. This feature is ideal for professional traders looking to take advantage of volatile price swings.

Copy Trading

For those who are new to the crypto space or simply want to simplify the trading process, Toobit offers copy trading. This innovative feature allows users to replicate the trades of experienced traders, providing a hands-on learning experience while potentially generating profits. With copy trading, users can follow top-performing traders in assets like TRX (Tron), Bitcoin, and Ethereum, giving them access to strategies they might not have developed on their own.

Supported Cryptocurrencies

Toobit supports an extensive selection of cryptocurrencies, ensuring users have access to both established coins and emerging tokens. The platform provides trading for major digital assets like Bitcoin (BTC), Ethereum (ETH), and TRX (Tron), as well as altcoins like Polkadot (DOT), Cardano (ADA), and others. The addition of TRX highlights Toobit's commitment to keeping pace with new market trends, offering a wide range of opportunities for traders.

Security and User Experience

Security is a priority on Toobit. The platform employs industry-standard practices such as multi-factor authentication (MFA) and cold storage of assets to ensure a secure trading environment. Regular security audits further reinforce user safety. In terms of user experience, Toobit offers an intuitive platform that caters to both beginners and professional traders, featuring advanced tools for market analysis and real-time data tracking.

Why Traders Choose Toobit

Low Fees: Competitive transaction fees make trading more affordable.

High Liquidity: Ensures fast and efficient execution of trades.

Wide Variety of Coins: Trade top cryptocurrencies, including TRX (Tron), Bitcoin, and Ethereum.

Educational Resources: Toobit offers tutorials and guides to help traders of all levels.

Mobile Accessibility: Toobit’s mobile-friendly platform allows users to trade on the go.

Conclusion

In the dynamic world of cryptocurrency, having access to a platform like Toobit can provide significant advantages. With services like spot trading, contract trading, and copy trading, Toobit offers a comprehensive experience for traders of all backgrounds. Whether you're focused on trading well-known assets like Bitcoin and Ethereum, or exploring newer cryptocurrencies like TRX (Tron), Toobit is a reliable platform to enhance your trading journey.

[cryptocurrencyvip]

Intelligent Cryptocurrency VIP

Members Area and Video Courses.

In the fast-paced world of cryptocurrency, staying ahead of the curve requires more than just basic knowledge; it demands a deep understanding, timely insights, and strategic foresight. This is where "Intelligent Cryptocurrency VIP" comes into play—a premier platform designed to offer exclusive, intelligent insights for the discerning crypto investor. In this article, we'll explore what makes Intelligent Cryptocurrency VIP a game-changer in the crypto space and how you can leverage it to maximize your investment potential.

What is Intelligent Cryptocurrency VIP?

Intelligent Cryptocurrency VIP is an exclusive membership service that provides access to advanced cryptocurrency insights, market analysis, and personalized investment strategies. Unlike general crypto news sources, this platform is tailored for investors who are serious about maximizing their returns by staying informed with the latest market trends, technical analysis, and emerging opportunities in the crypto market.

Why Choose Intelligent Cryptocurrency VIP?

Exclusive Market Insights:

Gain access to in-depth market analysis that covers everything from Bitcoin to the latest altcoins. The platform provides timely updates on market trends, helping you make informed decisions on when to buy, hold, or sell your assets.

Expert-Driven Content:

The content provided is crafted by seasoned cryptocurrency experts with years of experience in the industry. Their insights are not just theoretical but are grounded in real-world market conditions, giving you a practical edge in your investment decisions.

Personalized Investment Strategies:

Every investor has unique goals and risk tolerance. Intelligent Cryptocurrency VIP offers personalized investment strategies tailored to your specific needs. Whether you're looking for long-term growth or short-term gains, the platform guides you through the complexities of the market with strategies designed to align with your financial goals.

Real-Time Alerts and Updates:

In the volatile world of cryptocurrency, timing is everything. Intelligent Cryptocurrency VIP ensures you're always in the loop with real-time alerts and updates. This feature helps you react swiftly to market changes, ensuring you never miss an opportunity to optimize your portfolio.

Community and Networking:

Membership in Intelligent Cryptocurrency VIP also grants you access to a community of like-minded investors. This network allows you to exchange ideas, discuss strategies, and learn from others' experiences, further enhancing your understanding and approach to cryptocurrency investing.

Key Features of Intelligent Cryptocurrency VIP

Daily Market Analysis: Get daily updates on market movements, key levels to watch, and expert analysis to guide your investment decisions.

Technical Analysis Reports: Dive deep into the technical aspects of the market with detailed reports that break down complex data into actionable insights.

Webinars and Live Q&A Sessions: Participate in exclusive webinars hosted by cryptocurrency experts, with opportunities to ask questions and get real-time answers.

Portfolio Reviews: Receive personalized portfolio reviews to ensure your investments are aligned with your financial objectives and market conditions.

Access to Proprietary Tools: Utilize advanced tools designed to help you track market performance, predict trends, and manage your portfolio more effectively.

How Intelligent Cryptocurrency VIP Can Benefit You

By subscribing to Intelligent Cryptocurrency VIP, you gain a competitive advantage in the cryptocurrency market. Here’s how:

Enhanced Decision-Making: With access to expert insights and data-driven analysis, you can make smarter, more informed decisions.

Risk Mitigation: The platform's personalized strategies and real-time alerts help you manage and mitigate risks, protecting your investments from unnecessary losses.

Increased Returns: With strategic guidance tailored to your goals, you’re positioned to maximize your returns, whether through short-term trades or long-term investments.

Conclusion

In the ever-evolving landscape of cryptocurrency, Intelligent Cryptocurrency VIP stands out as a vital resource for serious investors. Offering a blend of expert-driven content, personalized strategies, and real-time updates, it equips you with the tools and knowledge needed to navigate the market confidently and successfully. Whether you’re a seasoned investor or just starting, Intelligent Cryptocurrency VIP provides the edge you need to stay ahead in the crypto game.

Invest wisely, stay informed, and take your cryptocurrency portfolio to the next level with Intelligent Cryptocurrency VIP.

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