86 days ago • cryptopotato
Alarming Similarities With Previous ETH Patterns Emerge: Will $2.3K Hold? (Ethereum Price Analysis)
Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. […]
124 days ago • cryptopotato
XRP Conitnues Consolidation as Major Move Seems Imminent, but Which Way? (Ripple Price Analysis)
Ripple continues to navigate its consolidation phase, as observed by the price oscillating within a pivotal range, forming a sideways wedge pattern. Notably, XRP encounters a robust support zone, identified by the convergence of the 100 and 200-day moving averages, along with the lower boundary of the wedge. This convergence holds the potential to impede […]
248 days ago • cryptodaily
Bitcoin (BTC) in Decline? All Eyes on Everlodge (ELDG) for Unprecedented 100x Surge
As Bitcoin's (BTC) momentum seems to be waning, the eyes of the crypto world are shifting towards a new potential powerhouse - Everlodge (ELDG). Currently in its presale phase, Everlodge has quickly garnered attention with predictions of an unprecedented 100x surge. Let's take a closer look at why this new project is so promising.
Join the Everlodge presale and win a luxury holiday to the Maldives
Everlodge (ELDG): Redefining Real Estate Investments
Everlodge harnesses the power of blockchain to offer fractional ownership in luxury properties. The ability to own a slice of a $9 million New York penthouse, starting with just a $100 investment, has been a game-changer in the investment narrative.
Everlodge isn't merely about trading tokens; it's a holistic ecosystem. By digitizing property details into NFTs, Everlodge ensures transparency, security, and ease of trade. Each token represents a genuine stake in a tangible property, allowing for both the appreciation of real estate and the advantages of crypto trading.
The Launchpad feature of Everlodge acts as a bridge between property developers and investors. Now, developers can directly source funds from the community, and in return, investors get early-bird access to high-value real estate projects.
Moreover, the Rewards Club introduces a novel concept where investors can earn and enjoy stays in luxury properties or even flip their nights for additional revenue. This mix of luxury experience with investment returns has made Everlodge an irresistible proposition.
While Bitcoin has solidified its reputation based on being digital gold, Everlodge's approach of combining the trillion-dollar real estate market with the agility of blockchain presents a unique and compelling investment narrative.
Bitcoin will undoubtedly continue its reign, but Everlodge's ascent is a clear testament to the ever-evolving benefit of blockchain technology. Analysts are predicting that the early-bird presale price of $0.010 could rise to $1.00 as Everlodge launches globally.
Find Out How To Buy Everlodge (ELDG)
Bitcoin (BTC): The Impending Decision on Bitcoin ETF in 2024
Bitcoin's inherent volatility has always been a double-edged sword. On one hand, it offers traders an opportunity to capitalize on price swings; on the other, it can erode significant value in short periods. The oscillation between $24,800 and $31,000 within a week stands a testament to Bitcoin's unpredictable nature.
The hope for a Bitcoin ETF had ignited a significant amount of optimism. The prospect of regulatory approval for such a fund could potentially bring in a new wave of institutional investors, translating to higher liquidity and increased acceptance for the crypto giant.
Yet, despite this enthusiasm, Bitcoin's inability to break the $31,800 resistance zone highlights caution from the market. Gary Gensler's comments serve as a poignant reminder of the regulatory uncertainties that continue to surround cryptocurrencies.
Bitcoin's precarious position near the $27,500 support level adds another layer of uncertainty. If this level is breached, a potential cascade effect could push Bitcoin down toward the psychological barrier of $20,000. This bearish sentiment is further compounded by technical indicators suggesting a potential trend reversal on the horizon.
Most analysts are agreeing that future price performance depends on whether the ETF is approved or not. The latest news suggests that there is a delay, with a final decision being made in early 2024.
With Bitcoin unlikely to move upward until this date, the crypto community is flocking to the Everlodge presale to grab the last remaining tokens during phase 1 of the presale. Time is of the essence as Everlodge is expected to surge 100x from this level.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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.
248 days ago • cryptodaily
Bitcoin (BTC) in Decline? All Eyes on Everlodge (ELDG) for Unprecedented 100x Surge
As Bitcoin's (BTC) momentum seems to be waning, the eyes of the crypto world are shifting towards a new potential powerhouse - Everlodge (ELDG). Currently in its presale phase, Everlodge has quickly garnered attention with predictions of an unprecedented 100x surge. Let's take a closer look at why this new project is so promising.
Join the Everlodge presale and win a luxury holiday to the Maldives
Everlodge (ELDG): Redefining Real Estate Investments
Everlodge harnesses the power of blockchain to offer fractional ownership in luxury properties. The ability to own a slice of a $9 million New York penthouse, starting with just a $100 investment, has been a game-changer in the investment narrative.
Everlodge isn't merely about trading tokens; it's a holistic ecosystem. By digitizing property details into NFTs, Everlodge ensures transparency, security, and ease of trade. Each token represents a genuine stake in a tangible property, allowing for both the appreciation of real estate and the advantages of crypto trading.
The Launchpad feature of Everlodge acts as a bridge between property developers and investors. Now, developers can directly source funds from the community, and in return, investors get early-bird access to high-value real estate projects.
Moreover, the Rewards Club introduces a novel concept where investors can earn and enjoy stays in luxury properties or even flip their nights for additional revenue. This mix of luxury experience with investment returns has made Everlodge an irresistible proposition.
While Bitcoin has solidified its reputation based on being digital gold, Everlodge's approach of combining the trillion-dollar real estate market with the agility of blockchain presents a unique and compelling investment narrative.
Bitcoin will undoubtedly continue its reign, but Everlodge's ascent is a clear testament to the ever-evolving benefit of blockchain technology. Analysts are predicting that the early-bird presale price of $0.010 could rise to $1.00 as Everlodge launches globally.
Find Out How To Buy Everlodge (ELDG)
Bitcoin (BTC): The Impending Decision on Bitcoin ETF in 2024
Bitcoin's inherent volatility has always been a double-edged sword. On one hand, it offers traders an opportunity to capitalize on price swings; on the other, it can erode significant value in short periods. The oscillation between $24,800 and $31,000 within a week stands a testament to Bitcoin's unpredictable nature.
The hope for a Bitcoin ETF had ignited a significant amount of optimism. The prospect of regulatory approval for such a fund could potentially bring in a new wave of institutional investors, translating to higher liquidity and increased acceptance for the crypto giant.
Yet, despite this enthusiasm, Bitcoin's inability to break the $31,800 resistance zone highlights caution from the market. Gary Gensler's comments serve as a poignant reminder of the regulatory uncertainties that continue to surround cryptocurrencies.
Bitcoin's precarious position near the $27,500 support level adds another layer of uncertainty. If this level is breached, a potential cascade effect could push Bitcoin down toward the psychological barrier of $20,000. This bearish sentiment is further compounded by technical indicators suggesting a potential trend reversal on the horizon.
Most analysts are agreeing that future price performance depends on whether the ETF is approved or not. The latest news suggests that there is a delay, with a final decision being made in early 2024.
With Bitcoin unlikely to move upward until this date, the crypto community is flocking to the Everlodge presale to grab the last remaining tokens during phase 1 of the presale. Time is of the essence as Everlodge is expected to surge 100x from this level.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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.
256 days ago • cryptodaily
Market Maker GSR Scales Back Amidst High Profile Departures
GSR, the oldest market maker in the crypto space, is feeling the full impact of the ongoing bear market, with multiple top executives, including the CFO, departing the company.
The company had also announced a staff cut in October 2022, terming them as a part of “structural changes” in the organization.
Top Executives Depart
As crypto’s largest market maker retreats in the face of the bear market onslaught, several high-level executives, including C-level and department heads, are headed toward the exit. According to sources, the retrenchment is having a major impact on one of the industry’s oldest and best-known players and one that is extremely prominent in the US markets. The most recent and maybe the most high-profile departure from the firm is its Chief Financial Officer, Jonathan Hugh. Hugh joined GSR in 2021 and played a pivotal role in building the company’s finance function. Hugh has so far not commented on his departure.
Other high-level executives leaving the company include GSR’s Global Head of Product, Benoit Bosc, and its Director of Trading Operations, Aman Bhalla. Bosc had taken over the sales role from Michael Bressler, a highly experienced TradeFi executive from JP Morgan and Goldman Sachs. Bressler had joined GSR in 2021, becoming the company’s sales head in 2021. However, Bressler left the firm in 2022.
Other Notable Departures
Other notable departures from the company include Jake Dwyer. Dwyer had joined the firm in 2021 and was tasked with leading GSR’s DeFi and venture initiatives. Trader Quentin Dubois and the head of Quant Trading, Romain Bernard, have also exited the company, according to sources familiar with the matter. The Director of Business Development at GSR, Jeff Stern, has also left the organization. All of these departures occurred this year.
While Dwyer confirmed his departure from GSR, the others, including Bhalla, Bosc, Vince, Barnard, and Dubois, have not commented on the matter. A spokesperson from GSR commented on the matter, stating that the company will look to evolve with the fast-moving crypto markets.
“GSR has been at the center of crypto markets for ten years — markets that are fast-moving and volatile. We owe it to our clients to continue adapting and evolving to keep pace with the speed of crypto, and we will continue to do so.”
The spokesperson also confirmed the departures of Bosc and Bhalla. However, they added that they will continue in their respective roles until the end of August and ensure a smooth transition of their respective roles.
“Our business operations and strategy have naturally evolved to respond to changing market conditions, but there has been no restructuring.”
Crypto Winter Takes Its Toll
GSR had laid off around 10% of its workforce in October 2022, adding that the layoffs were part of structural changes. In doing so, the company became the latest in a long line of crypto firms that had to curtail their growth and ambitions in the face of a crippling crypto winter. Companies and exchanges operating have sanctioned a wave of layoffs as they look to navigate the crypto bear market. The firm had undertaken an aggressive expansion drive, growing its workforce to over 200 and reaching a peak of 300 before the layoffs took place. A source familiar with the firm and its operations stated,
“The executive team is mostly friends, and I think it threw off a lot of the momentum GSR built in the previous cycle. They hired a lot of corporate Wall Street executives that came in at the top of the bull market, which ended up costing the firm dearly.”
Most of the c-suite executives have links with Winton, CEO Jacob Palmstierna’s former employer, or Goldman Sachs, the former employer of Rich Rosenblum and Cristian Gil. Staff at GSR believes that the firm got too big too soon and the team needs to be better streamlined. A GSR spokesperson stated,
“While last year’s bear market created challenges for all crypto companies, our long-term belief in the space hasn’t changed. We have continued investing and hiring in high-conviction areas and have maintained a world-class team of TradFi and DeFi talent that is uniquely positioned for another decade of growth.”
Scaling Back US Operations
The firm is also focusing on scaling back its US operations. Multiple sources have attributed the retreat to a combination of a number of factors. These include a decreasing appetite for token listings, a high cost of talent acquisition, and concerns around regulations. According to a source, the company has also moved from its New York office, taking up a space in Jersey City instead.
“At one point, it was probably their largest office, and they have been scaling it down meaningfully. They have given up their New York office and have a smaller space in Jersey City.”
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.