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BABIL Token(BABIL)

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?
? SAT
Market Cap (Rank#0)
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? BTC
Vol 24h
?
? BTC
Circulating Supply
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Max Supply
1,894,000
78 days agocryptopotato
Ethereum Tests $2.4K as Bulls Look to Finally Take Control: ETH Price Analysis
Ethereum has been increasing in the past day in the hopes that an ETH ETF might be next in line on the SEC’s agenda. Meanwhile, the probability of a further bullish continuation seems to remain high, considering what the charts are demonstrating. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price […]
86 days agozycrypto
Lawyer John Deaton Confident In 98% Probability For Bitcoin ETF Approval By January 10
In an X (formerly Twitter) exchange Tuesday, prominent crypto analyst Mike Alfred stirred up excitement within the cryptocurrency community by asserting a 98.7% likelihood of the spot Bitcoin ETF gaining approval before the 10th of January.
205 days agocoindesk
Buy Ether Instead of Bitcoin to Ride ETF Momentum, Crypto Research Firm Says
There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.
224 days agocointelegraph
Bitcoin mining researchers claim new tech ups winning hash chance by 260%
UK-based research company Quantum Blockchain Technologies has developed algorithmic search methods that boost Bitcoin mining efficiency and reward probability, CEO Francesco Gardin says in an interview.
233 days agocryptodaily
Mahjong Meta Unveils Revolutionary Web3 Esports Platform, Official Launch on August 7th
Hong Kong, Hong Kong, August 8th, 2023, ChainwireMahjong Meta, the web3 Riichi Mahjong esports platform, is excited to announce the official launch of its highly anticipated game on August 7th. After a successful two-month Open Beta test that captured the hearts of mahjong enthusiasts, the platform is set to revolutionize the mahjong gaming experience on-chain with its immersive and decentralized gaming experience.In Mahjong Meta, players can not only participate in various matches such as Ranking, Tournaments, or Playgrounds with other real players, but they can also deploy their pets, known as "Tama," equipped with customized AI strategies for automatic mahjong battles. This feature has greatly reduced the barrier for new mahjong players and Web3 users, making the gaming experience more accessible and enjoyable.During the Open Beta period, Mahjong Meta attracted over 15,000 players who collectively participated in more than 490,000 matches, showcasing the game's immense popularity and potential in the crypto-gaming world. The integration of web3 ownership economics, innovative AI-based gameplay, and stylish graphic design proved to be a winning combination, setting the stage for an extraordinary gaming experience.Additionally, during the Beta phase, Mahjong Meta introduced 0xMahjong and 0xTama NFTs, with a total trading volume on Opensea approaching 500ETH, further highlighting the growing interest and confidence from the community.The game's initial success at this stage can be attributed to its experienced core team which comprises professionals from renowned gaming companies like Tencent, NetEase, Lilith, etc. Inspired by the ancient classic and beloved game Mahjong, which continues to be popular among over 600 million players worldwide, Brice, the game designer of Mahjong Meta reveals that the idea of the game comes from the inherent mathematical beauty of Riichi Mahjong, blending strategy and probability, along with its enduring appeal in strategy, social engagement, gameplay deduction, and cultural significance. Mahjong Meta embraces the "Play to Own & Skill to Earn" philosophy, aiming to establish a blockchain-based Riichi Mahjong esports community and a Mahjong-themed gaming park, co-built with players and supported by asset ownership through blockchain and token-based economy.The concept of Mahjong Meta, current development progress, and the platform's immense potential have attracted significant investments from prominent venture capital firms. Dragonfly and Folius led the funding round, underscoring their belief in Mahjong Meta's vision and potential in the gaming industry. Other notable investors include Meteorite Labs, Find Satoshi Lab, Parallel Ventures, and Emoote. The accumulated investment exceeds $12 million.Upon its official launch on August 7th, Mahjong Meta unveiled all game-related features, including Ranking, Tama Master, Friends Room, and all NFT markets including Mahjong House, Tama, Fashion, Furniture, etc., offering players a more immersive game-fi experience within the ecosystem. In conjunction with the launch, Mahjong Meta will also offer additional community rewards with its vault system and additional referral rewards for players, encouraging more Mahjong enthusiasts to participate in this exciting gaming experience.Join Mahjong Meta now as the game sets a new standard for Mahjong gaming, leveraging ownership economy from Web3 to create a real Meta for Mahjong players.About Mahjong MetaMahjong Meta is a game created by former Tencent and Netease employees. With the game, they intend to nurture a community of mahjong lovers while offering a stable and secure game environment. Mahjong fans may now test their talents in novel gameplay modes and compete for potential rewards at stake.Twitter | Website | DCContactBrice VongMahjong [email protected]
233 days agocryptodaily
Mahjong Meta Unveils Revolutionary Web3 Esports Platform, Official Launch on August 7th
Hong Kong, Hong Kong, August 8th, 2023, ChainwireMahjong Meta, the web3 Riichi Mahjong esports platform, is excited to announce the official launch of its highly anticipated game on August 7th. After a successful two-month Open Beta test that captured the hearts of mahjong enthusiasts, the platform is set to revolutionize the mahjong gaming experience on-chain with its immersive and decentralized gaming experience.In Mahjong Meta, players can not only participate in various matches such as Ranking, Tournaments, or Playgrounds with other real players, but they can also deploy their pets, known as "Tama," equipped with customized AI strategies for automatic mahjong battles. This feature has greatly reduced the barrier for new mahjong players and Web3 users, making the gaming experience more accessible and enjoyable.During the Open Beta period, Mahjong Meta attracted over 15,000 players who collectively participated in more than 490,000 matches, showcasing the game's immense popularity and potential in the crypto-gaming world. The integration of web3 ownership economics, innovative AI-based gameplay, and stylish graphic design proved to be a winning combination, setting the stage for an extraordinary gaming experience.Additionally, during the Beta phase, Mahjong Meta introduced 0xMahjong and 0xTama NFTs, with a total trading volume on Opensea approaching 500ETH, further highlighting the growing interest and confidence from the community.The game's initial success at this stage can be attributed to its experienced core team which comprises professionals from renowned gaming companies like Tencent, NetEase, Lilith, etc. Inspired by the ancient classic and beloved game Mahjong, which continues to be popular among over 600 million players worldwide, Brice, the game designer of Mahjong Meta reveals that the idea of the game comes from the inherent mathematical beauty of Riichi Mahjong, blending strategy and probability, along with its enduring appeal in strategy, social engagement, gameplay deduction, and cultural significance. Mahjong Meta embraces the "Play to Own & Skill to Earn" philosophy, aiming to establish a blockchain-based Riichi Mahjong esports community and a Mahjong-themed gaming park, co-built with players and supported by asset ownership through blockchain and token-based economy.The concept of Mahjong Meta, current development progress, and the platform's immense potential have attracted significant investments from prominent venture capital firms. Dragonfly and Folius led the funding round, underscoring their belief in Mahjong Meta's vision and potential in the gaming industry. Other notable investors include Meteorite Labs, Find Satoshi Lab, Parallel Ventures, and Emoote. The accumulated investment exceeds $12 million.Upon its official launch on August 7th, Mahjong Meta unveiled all game-related features, including Ranking, Tama Master, Friends Room, and all NFT markets including Mahjong House, Tama, Fashion, Furniture, etc., offering players a more immersive game-fi experience within the ecosystem. In conjunction with the launch, Mahjong Meta will also offer additional community rewards with its vault system and additional referral rewards for players, encouraging more Mahjong enthusiasts to participate in this exciting gaming experience.Join Mahjong Meta now as the game sets a new standard for Mahjong gaming, leveraging ownership economy from Web3 to create a real Meta for Mahjong players.About Mahjong MetaMahjong Meta is a game created by former Tencent and Netease employees. With the game, they intend to nurture a community of mahjong lovers while offering a stable and secure game environment. Mahjong fans may now test their talents in novel gameplay modes and compete for potential rewards at stake.Twitter | Website | DCContactBrice VongMahjong [email protected]
233 days agocryptodaily
The Fate Of ARK's Bitcoin ETF: A Prolonged Wait?
The US Securities and Exchange Commission (SEC) is nearing a critical crossroads concerning ARK's application for a spot Bitcoin Exchange Traded Fund (ETF). With the August 13 deadline on the horizon, the financial world watches closely for the SEC's decisive verdict. Potential Delay Until 2024 ARK Invest’s official Bitcoin ETF submission on May 15 kicked off the SEC's countdown clock. It was followed by another filing on June 15 which preset the deadline as August 15, by which the SEC must express its approval or disapproval. However, the SEC can prolong the waiting game by 240 days, pushing the final response to January 10, 2024, for ARK Invest’s proposal and March 2024 for other applicants. Speaking on the topic, ARK Invest CEO Cathie Wood noted that there is a high probability of the SEC delaying the matter further. When asked about the August deadline, Wood said, "I think you're probably right that Aug. 13 will come and go. I think the SEC, if it's going to approve a bitcoin ETF, will approve more than one at once." A Crowded Field of Aspirants ARK isn't alone in its quest for a spot Bitcoin ETF. Numerous organizations, including Bitwise, BlackRock, VanEck, WisdomTree, Valkyrie, First Trust Galaxy, and Fidelity Wise Origin, have entered the Bitcoin ETF fray. Grayscale also seeks to convert its Bitcoin Trust into an ETF. If the SEC greenlights any one of these applications, the call for fair and equal approvals among the other applicants will gain extra momentum. This wave of applications stands apart due to a "surveillance sharing" pact with exchanges like Nasdaq and Cboe. The agreement's goal is to exchange market trading data, customer ID info, and clearing activity details. This move aims to curb market manipulation risks and protect investor funds against unauthorized use, addressing previous SEC concerns. SEC's Reserved Move - The Waiting Game Observers speculate that the SEC won't budge unless compelled. The Grayscale Bitcoin Trust's lawsuit serves as inspiration on how to tackle the agency and its unbudging stance on ETFs. The court case has prompted the SEC to clarify its stance, highlighting its approval of Bitcoin futures agreements with similar monitoring provisions. This legal tussle may lead to a more transparent decision-making process. While optimism grows in the crypto community, doubts remain about the SEC's approval of a Spot Bitcoin ETF. Critics recall the SEC's decade-long streak of rejecting such applications. Nevertheless, the approval of a leveraged Bitcoin ETF and a surge in Ethereum futures ETF applications hint at a shifting regulatory environment. Bloomberg Intelligence gives a 65% chance for approval, considering the Grayscale lawsuit and potential political influences. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
233 days agocryptodaily
The Fate Of ARK's Bitcoin ETF: A Prolonged Wait?
The US Securities and Exchange Commission (SEC) is nearing a critical crossroads concerning ARK's application for a spot Bitcoin Exchange Traded Fund (ETF). With the August 13 deadline on the horizon, the financial world watches closely for the SEC's decisive verdict. Potential Delay Until 2024 ARK Invest’s official Bitcoin ETF submission on May 15 kicked off the SEC's countdown clock. It was followed by another filing on June 15 which preset the deadline as August 15, by which the SEC must express its approval or disapproval. However, the SEC can prolong the waiting game by 240 days, pushing the final response to January 10, 2024, for ARK Invest’s proposal and March 2024 for other applicants. Speaking on the topic, ARK Invest CEO Cathie Wood noted that there is a high probability of the SEC delaying the matter further. When asked about the August deadline, Wood said, "I think you're probably right that Aug. 13 will come and go. I think the SEC, if it's going to approve a bitcoin ETF, will approve more than one at once." A Crowded Field of Aspirants ARK isn't alone in its quest for a spot Bitcoin ETF. Numerous organizations, including Bitwise, BlackRock, VanEck, WisdomTree, Valkyrie, First Trust Galaxy, and Fidelity Wise Origin, have entered the Bitcoin ETF fray. Grayscale also seeks to convert its Bitcoin Trust into an ETF. If the SEC greenlights any one of these applications, the call for fair and equal approvals among the other applicants will gain extra momentum. This wave of applications stands apart due to a "surveillance sharing" pact with exchanges like Nasdaq and Cboe. The agreement's goal is to exchange market trading data, customer ID info, and clearing activity details. This move aims to curb market manipulation risks and protect investor funds against unauthorized use, addressing previous SEC concerns. SEC's Reserved Move - The Waiting Game Observers speculate that the SEC won't budge unless compelled. The Grayscale Bitcoin Trust's lawsuit serves as inspiration on how to tackle the agency and its unbudging stance on ETFs. The court case has prompted the SEC to clarify its stance, highlighting its approval of Bitcoin futures agreements with similar monitoring provisions. This legal tussle may lead to a more transparent decision-making process. While optimism grows in the crypto community, doubts remain about the SEC's approval of a Spot Bitcoin ETF. Critics recall the SEC's decade-long streak of rejecting such applications. Nevertheless, the approval of a leveraged Bitcoin ETF and a surge in Ethereum futures ETF applications hint at a shifting regulatory environment. Bloomberg Intelligence gives a 65% chance for approval, considering the Grayscale lawsuit and potential political influences. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
239 days agocoindesk
Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts
“The odds of a spot Bitcoin ETF launching this year are up to 65%, in our eyes, after a flurry of developments,” analysts James Seyffart and Eric Balchunas wrote. They previously assigned a 50% probability.
247 days agocryptopotato
Worldcoin’s Iris Scanning Approach Deemed Evil, Security Expert Predicts High Probability of Failure
Worldcoin has a "high probability of failure," according to Slow Mist's founder.
247 days agocryptodaily
Crypto waiting for direction from upcoming FOMC meeting?
With another rate hike universally expected to be announced on Wednesday, will this be the cue for bitcoin and crypto to take another leg down? A quarter percent rate rise The next FOMC meeting opens today, when the Federal Reserve board of governors and reserve bank presidents get together to review monetary policy and to decide whether yet another interest rate hike is necessary. The market is expecting a nailed-on 0.25 basis point rate hike given that the CME Fedwatch tool is showing a 98.9% probability of such a move. Most market analysts, including the Fed itself are predicting one more rise this year, and then the hiking could well be finished for this cycle. Jobs market too strong Even though inflation looks to be coming down strongly, and is even approaching the Fed’s target of 2%, Chairman Jerome Powell points to the robust labour market as a sign that the battle is not yet won. It would appear that many more businesses need to go to the wall, and Americans need to lose their jobs at a far faster rate in order to stop them spending and supposedly adding upwards pressure to inflation. The Fed’s reactive policy Powell has his work cut out once again. Keeping a straight face as he announces the Fed’s policy for the next few months cannot be easy. History has shown that the Fed is always late with its tightening or easing, and then it always carries on for far too long. However, such is the nature of our debt-based monetary system and that we give an organisation like the Federal Reserve the power to try and manipulate markets in one direction or the other, rather than leaving it to the markets to balance things out. So, the Fed will press on with another rate hike, and will look to implement one more before the end of the year. In the Fed’s view this will be enough to act as a drag on the jobs market and will help to bring inflation down to its target. Crypto waits for liquidity or a spark It appears that crypto might have to wait a bit longer before the lifeblood of liquidity comes back into the market and provides the stimulus for the rest of the current bull market. That Bitcoin will be one of the main beneficiaries is very likely. A Bitcoin Spot ETF approval can of course provide the spark that sends crypto on its next leg higher. Be that as it may, in the short term, as rates go higher, the crypto market could have its work cut out to move out of the current doldrums it has been in for the last month. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
264 days agocointelegraph
Coinbase was aware of securities law violations, the SEC claims in letter
According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk.
265 days agocryptodaily
$130M Worth Of Outflows From Multichain Spark Fears Of Exploit
The Multichain MPC bridge platform has seen abnormally large outflows, fueling concerns that the platform could be a target for a multi-million dollar exploit. According to the available information, over $130 million worth of crypto has been moved out from the bridge platform. Huge Outflows From Multichain The outflows first came to light on the 6th of July, when observers noticed that $102 million worth of crypto was withdrawn from the Multichain Fantom bridge on the Ethereum side. Additionally, $666,000 worth of Dogecoin and $5 million from Moonriver were also withdrawn. Additionally, 7214 Wrapped Ether (WETH) tokens worth $13.6 million, 1024 Wrapped Bitcoin (WBTC) worth $31 million, and $58 million worth of the USDC stablecoin were withdrawn from the Fantom bridge’s Ethereum smart contract. The total value of the cryptocurrency removed by the end of the day stood at over $100 million. Additionally, the Dogecoin bridge’s Ethereum contract saw a withdrawal of around $666,000, which accounts for over 86% of its total deposits. As a result, the bridge currently has only around $100,000 worth of assets remaining. Over $5.8 million worth of USDT and USDC were also withdrawn from the Multichain Moonriver contracts on Ethereum, with the Moonriver bridge contracts now having only around $700,000 remaining on them. Possible Exploit? Several on-chain investigators took to Twitter to warn the community that the event could be a possible exploit. Curve Finance was among the first to warn users that Multichain was, in all probability, hacked and that they should revoke all approvals. “Multichain likely hacked. Exit all multichain assets. Good idea to revoke approvals to multichain bridge if you had any.” Blockchain security firm PeckShield tagged Multichain in a Twitter post, highlighting the Phantom chain transactions and urging the team to take a closer look. Another commentator remarked that the entire fiasco looked like another massive hack, while On-chain investigator Spreek posted the Dogecoin transactions, urging the team to look at the transactions. However, Multichain did not respond to the tweets in question. Meanwhile, Fantom Foundation CEO Michael Kong stated that the Fantom team was looking into the issue. Multichain Finally Responds Multichain finally responded to users in a later tweet, stating that the movement of funds was indeed abnormal, and the team was “unsure of what was happening and is currently investigating the issue.” Multichain stated on Twitter, “The lockup assets on the Multichain MPC address have been moved to an unknown address abnormally. The team is not sure what happened and is currently investigating. It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain.” Multichain’s Growing Issues Multichain is a multi-party computation (MPC) bridging network, enabling users to bridge assets between chains. When a user wishes to bridge an asset, Multichain first confirms if the assets have been locked on the first chain. Once confirmed, the network mints the derivative assets on the second chain. When a user wishes to make a withdrawal, the process repeats itself, but in reverse. It will first confirm if the derivative assets have been destroyed on the second chain before releasing the locked assets back on the first chain. Multichain’s team claims that the cryptographic keys controlling the entire process are split into shards and then distributed throughout the network. This should, theoretically, prevent any entity from making unauthorized withdrawals. However, Multichain has been in the news for all the wrong reasons after suffering unspecified technical problems over the past few weeks. The team announced on the 31st of May that the CEO had gone missing, with the network suffering a multitude of problems due to unforeseeable circumstances, leading to significant transaction delays. Binance also announced that it was halting the withdrawal of some Multichain derivative tokens due to network issues on Multichain. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
269 days agocoindesk
Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein
The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.
288 days agocryptopotato
XRP Tumbles Over 4% Daily as Bears Target This Critical Level Next (Ripple Price Analysis)
Ripple’s price has encountered significant resistance, which threatens the continuation of its recent rally. However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place – at least from a technical analysis standpoint. Ripple Price Technical Analysis By: Edris XRP/USDT […]
1836 days agocryptodaily
Why Ripple (XRP) Is The Best Hedge Against Bitcoin (BTC)
Ripple (XRP) is the best hedge against Bitcoin (BTC) at the moment and this is not the first time this has happened. We have seen Ripple (XRP) rise in the past when Bitcoin (BTC) and the rest of the cryptocurrency market have been on a decline. The reason this has been happening at times is because Ripple (XRP) is out of sync with the rest of the market at times. The exact same thing has happened once again. If we look at the weekly chart for XRP/BTC, we can see that the price is trading inside a major bullish pennant and the Stochastic RSI signals a trend reversal in the weeks ahead. Now, the reason Ripple (XRP) is the best hedge against Bitcoin (BTC) is because whether Bitcoin (BTC) rises or falls, you are better off holding Ripple (XRP) in the weeks ahead. People make a lot of fun of the “XRP Army” or “Ripple Fanboys” in this industry. In fact, there is a strong bias against Ripple (XRP) in this space which manifests itself at times in the form of hate speech and comments against XRP coming from even the most respected industry leaders. Even companies like Coinbase have been reluctant to recognize Ripple (XRP) for so long that they have only just listed the cryptocurrency recently despite there being a strong demand before the beginning of the last bull run. This explains why Ripple (XRP) trades out of sync with the rest of the market at times. A lot of people in this industry do not even recognize Ripple (XRP) is a cryptocurrency; they think it is a scam or some centralized coin with no real value or purpose. Much of this hate towards Ripple (XRP) has actually made the cryptocurrency quite undervalued recently. In fact, XRP/USD is trading just above $0.31. In addition to that, both the RSI and Stochastic RSI for XRP/USD have plenty of room for growth on the weekly time frame unlike most cryptocurrencies. All of this coupled with the fact that Ripple (XRP) is due for its biggest breakout in eight months confirms that something big is in the offing. We do not know yet what kind of fundamental news event will trigger this rally but we do know that there is a high probability we will see such a rally in the weeks ahead. One of the strongest attributes of Ripple (XRP) as a project and as a company is that it has conveyed a loud and clear message to the industry that it can do anything. Ripple (XRP) had notable public figures like Tim Berners Lee, Ben Bernanke, Bill Clinton and others as keynote speakers during its conferences which do lend a lot of credibility to this project. Moreover, they are in partnerships with big banks and financial institutions across the globe. Ripple (XRP) has made a successful integration with the Woocommerce platform and is now working on a way to send XRP by email. There is no doubt that this company is making big waves in the industry. Ripple (XRP) has delivered a working product and is already solving problems while others are still working on the technology. This goes on to show that Ripple (XRP) might have the best chance at adoption among all cryptocurrencies which is why it is the best hedge against Bitcoin (BTC) not only from an investment standpoint but also from an adoption one.
1837 days agocryptodaily
Ripple (XRP) Prepares For Its Most Anticipated Breakout In Eight Months
Ripple (XRP) is on the verge of its biggest and most anticipated breakouts in eight months. This is certainly a major development for XRP/USD and we could see the price rocket towards $0.50 if Ripple (XRP) succeeds in breaking above the 200 day moving average. However, so far the chances of that happening are decreasing with every passing day. The price has shown extreme weakness in the past few days and continues to remain weak. The Stochastic RSI on the daily time frame has once again neared overbought levels but the price has failed to capitalize on that. A break above the 200 day moving average is still a far cry at this point but a break below the 50 day moving average would be a lot easier. The price did break below the 50 Day MA last week but it climbed back above it before the daily close. The daily chart for XRP/USD looks very bullish but unfortunately the price action does not reflect that. The past three weeks have seen Ripple (XRP) trade sideways practically doing nothing. This has made a lot of bulls worried but it has made the bears even more worried. This is because if you are a buyer, you buy Ripple (XRP) and hodl it on an exchange or a wallet. However, if you want to profit off selling Ripple (XRP) you have to short it. Now, that comes with a lot more risks. If you are shorting Ripple (XRP), not only do you have to pay fees for keeping your short position open for so long, but you are also at increased risk if the price does not fall soon enough. In other words, the longer XRP/USD takes to consolidate, the higher its chances of a strong break to the upside which might easily end up liquidating some aggressive short positions. The 4H chart for XRP/BTC shows that Ripple (XRP) is due for a strong move against Bitcoin (BTC) in the near future even though its prospects on larger time frame do not look as good. That being said, Ripple (XRP) continues to have a more promising outlook on larger time frames compared to other cryptocurrencies. In addition to that, Ripple (XRP) has been known to make its independent moves at times and it would not be surprising if something like that were to happen again. Ripple (XRP) has faced a strong rejection at the 38.2% Fib extension level trading against Bitcoin (BTC) but it has yet to touch the 61.8% Fib extension level. This means that we might see a near term decline to the 61.8% before a retest of the 38.2%. However, larger time frames indicate that there is not much to expect and the probability of a strong move to the upside given the current price action remains low. That being said, the price could drag on towards higher levels until short term conditions turn overbought and the price is prime for a strong decline in the weeks ahead.
2315 days agocryptodaily
Is a bitcoin flash crash coming in 2018?
The history of flash crashes The flash crash that took place in May 2010 was named so as it was a crash of the United States stock market, at around 2.32pm EDT and lasted for approximately 36 minutes. In June of 2016, one minute after 4am EDT, as the European market was warming up for trading, gold suddenly plunged $18, or as much as 1.6%, to $1,236 an ounce before bouncing, on a massive surge in volume with over 18k contracts, or just over $2 billion national, trading in a seconds. A total of 18,149 lots were traded on Comex in just a minute, before falling back to 2,334 lots an hour later. As so often happens, the gold plunge dragged silver down with it as well. The ether flash crash of 2017 In June of 2017 the price of ether crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange. As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ether to trade as low as 10 cents. What might this mean for Bitcoin? No one can know for when or the time in the future, but with the numbers of concentrated holders and the hold on for dear lifers (simulator to the gold bugs) the probability of the stage being primed for a Bitcoin flash crash seems likely. A lack of buyers and not a large amount of sellers could seemingly trigger a cascade of stop orders until a buyer is found 50-90 percent lower this would transpire in seconds. Conclusion This would definitely cause a media frenzy and a lot of theories and chatter would emerge over a Bitcoin bubble etc. is Bitcoin a bubble perhaps but the the real question is if it is then what inning are we in. There some probability that we could see prices of greater than 100k. The authors current assessment of inflows seems to point to 10k by 2018? If you add in Bitcoin cash and Bitcoin gold we are already at the 10k mark. Disclaimer this article is for informational purposes only and does constitute investment advice. Disclosure the author may hold Bitcoin.
2315 days agocryptodaily
Is a bitcoin flash crash coming in 2018?
The history of flash crashes The flash crash that took place in May 2010 was named so as it was a crash of the United States stock market, at around 2.32pm EDT and lasted for approximately 36 minutes. In June of 2016, one minute after 4am EDT, as the European market was warming up for trading, gold suddenly plunged $18, or as much as 1.6%, to $1,236 an ounce before bouncing, on a massive surge in volume with over 18k contracts, or just over $2 billion national, trading in a seconds. A total of 18,149 lots were traded on Comex in just a minute, before falling back to 2,334 lots an hour later. As so often happens, the gold plunge dragged silver down with it as well. The ether flash crash of 2017 In June of 2017 the price of ether crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange. As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ether to trade as low as 10 cents. What might this mean for Bitcoin? No one can know for when or the time in the future, but with the numbers of concentrated holders and the hold on for dear lifers (simulator to the gold bugs) the probability of the stage being primed for a Bitcoin flash crash seems likely. A lack of buyers and not a large amount of sellers could seemingly trigger a cascade of stop orders until a buyer is found 50-90 percent lower this would transpire in seconds. Conclusion This would definitely cause a media frenzy and a lot of theories and chatter would emerge over a Bitcoin bubble etc. is Bitcoin a bubble perhaps but the the real question is if it is then what inning are we in. There some probability that we could see prices of greater than 100k. The authors current assessment of inflows seems to point to 10k by 2018? If you add in Bitcoin cash and Bitcoin gold we are already at the 10k mark. Disclaimer this article is for informational purposes only and does constitute investment advice. Disclosure the author may hold Bitcoin.

About BABIL Token?

The live price of BABIL Token (BABIL) today is ? USD, and with the current circulating supply of BABIL Token at ? BABIL, its market capitalization stands at ? USD. In the last 24 hours BABIL price has moved ? USD or 0.00% while ? USD worth of BABIL has been traded on various exchanges. The current valuation of BABIL puts it at #0 in cryptocurrency rankings based on market capitalization.

Learn more about the BABIL Token blockchain network and how it works or follow the price of its native cryptocurrency BABIL and the broader market with our unique COIN360 cryptocurrency heatmap.


BABIL Token Price? USD
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