Moin(MOIN)

Hong Kong crypto ETFs grow 80% since December, Binance co-founder warns against FOMOing into MAV with leverage, Poly Network hacked again.

Was bitcoin’s latest surge just a last fling before sinking lower, or does it have the legs to continue on upwards? Just a narrative pump? Some analysts and commentators would have us believe that there just isn’t the market order flow for any sustained moves, and it must be said that volume is quite low, having been so since late March. A short term relief rally to the upside? Is everyone just FOMOing in because of all the new ETF filings which began with Blackrock’s Spot Bitcoin ETF application of just a week ago and then the subsequent Fidelity, Wisdom Tree, Invesco, and Valkyrie filings, and then the Wall Street-backed EDX Markets? This is likely the case. Bitcoin and crypto haven’t had much to shout about for quite a while so the perceived positive news here does look to be responsible for the price action, and perhaps it’s just a matter of time before the ETF narrative starts to die down. Also, could it be that the traditional institutions are coordinating with the SEC with a view to taking down the crypto businesses before providing their own solutions taken from the crypto innovations? Bullish in the short term Be this as it may, at least in the short term, bitcoin is still looking strong. After briefly touching $30,800 bitcoin looks as though it is forming a bull flag, although another touch of the flag bottom is probably needed. The 4-hour Stochastic RSI has reset to the bottom and we should see a cross up soon. Ethereum is behaving in a similar way, and looks to be breaking out of its own bull flag already. In relation to BTC, ETH has been rather a laggard though, and has been steadily forming lower highs and lows from all the way back to September of 2022. A bottom could now have been found given that ETH is currently sitting at the 0.618 Fibonacci level against its BTC pair. Also, with the ongoing ETH staking narrative helping to drastically reduce the market supply, perhaps this is the time for Ethereum to start to shine. Many altcoins will die As for the rest of the crypto market it does rather look as though the altcoins as a whole are not going to do their usual thing and rise en masse. Instead, a small group of alts, with strong use cases and narratives might be the only ones to make the big moves. Things are changing in crypto, and previous cycles where just about anything might rocket skywards on a given day is likely not to happen any more. In the coming times the wheat is going to be sorted from the chaff. 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.

Discover the top crypto tokens to invest in 2024: Binance Coin (BNB), Fantom (FTM), and Uwerx. Binance Coin's deflationary nature and the recent $1 billion buy. Fantom's innovative incentive programs and gas monetization programs. And Uwerx is disrupting the freelance marketplace industry with a decentralized hub on the Polygon network. Bitcoin (BTC) dominates headlines, retail investors have begun buying digital assets, and everything points to a steady year of growth in 2023 with a blow-off top in 2024. Binance Coin (BNB), Fantom (FTM), and Uwerx are tokens investors can buy today to see outlandish returns in 2024. Investors reading this should remind themselves how early they are: buy today to avoid FOMOing into positions twelve months later. Binance Coin (BNB) Price PredictionUniswap (UNI) recently launched on the Binance Smart Chain (BSC), a massive boost to the ecosystem and a huge boon for Binance Coin (BNB) holders. Binance Coin (BNB) remains deflationary, with Binance conducting huge quarterly burns, and Binance Coin (BNB) has solidly secured its place in the ecosystem. Recently CZ announced he would be deploying $1 billion into BTC, ETH, and Binance Coin (BNB). An enormous wall of buy pressure, and given Binance Coin’s (BNB) position in the general crypto ecosystem, it is a token every investor should own. Binance Coin (BNB) currently trades at $313, with analysts predicting that Binance Coin (BNB) could trade between $340 and $370 in 2024. Fantom (FTM) Price PredictionFantom (FTM) continues to attract fresh developer talent thanks to its gas monetization program that directly rewards developers building on the Fantom (FTM) network. Fantom’s (FTM) commitment to long-term growth and innovative incentive programs means that Fantom (FTM) will continue to play an essential role in the crypto space. Fantom (FTM) is a blockchain that thrives in a risk-on environment and is certainly one to watch, headed through 2023 and beyond. Fantom (FTM) currently trades at $0.45, with key figures in the industry believing that Fantom (FTM) will trade between $0.62 and $0.68 throughout 2024. However, two senior analysts stated these predictions were overly cautious given Fantom’s (FTM) famous volatility. Uwerx (WERX): Blue Chip Material? The most exciting token on this list is Uwerx, a fresh participant in the crypto space and a protocol looking to disrupt the status quo of the freelance marketplace industry. Understanding the potential of Uwerx requires understanding the role that freelancing will play in the global marketplace. According to Forbes, freelancers will be key in solving the global tech talent gap, and forecast freelancing to remain the fastest growth area in the jobs market. Uwerx will launch a decentralized hub for freelancers on the Polygon (MATIC) network, revamping the current service model. Uwerx will possess incentives for workers, including rankings and leaderboards gamifying the process. Additionally, it will upgrade the work tools available to freelancers, featuring in-built collaboration tools, transparent pricing, and personalized matching services. All of this is on blockchain rails, reducing fraud, drastically reducing platform service fees, and ensuring timely freelancer payments. Analysts have predicted that the WERX token could trade between $1.62 and $1.95 in 2024/2025. Join the Presale TodaySolidproof and InterFi Network have already audited Uwerx; the team has announced liquidity will be locked for twenty-five years following the closure of the presale, and more and more workers go freelance. The stage has been set for Uwerx, which will be available for just $0.005 during the initial presale stage. Many are under the impression that the price of WERX is set to increase very soon, making the window to get in at this price level a limited one.Uwerx is definitely one to check out, as getting in early on promising projects is often a better choice than not.Find Out More Here: Website: www.uwerx.network Presale: invest.uwerx.network Telegram: t.me/uwerx_network Twitter:https://twitter.com/uwerx_network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.