Ripple [XRP] Forms Symmetrical Triangle; BTC Price Action Key

1. Ripple [XRP] is currently forming a symmetrical triangle pattern on the three-hour chart.
2. A bullish breakout above the triangle could provide more gains and target the $0.4445 level.
3. Investors should watch Bitcoin [BTC] price action, especially on key levels of $23.5K and $22K.

Ripple [XRP] has been rallying in recent weeks, but the price action has slowed down, ushering in short-term price consolidation. The cryptocurrency has formed a symmetrical triangle pattern on the three-hour chart and a patterned breakout on the upside could provide more gains. Currently, XRP’s value is $0.4105 and is close to inflicting a patterned breakout.

The structure of XRP is almost neutral as indicated by the Relative Strength Index (RSI) value of 49. If Bitcoin [BTC] secures the $23.5K zone and surges upwards, XRP bulls could be tipped to break above the symmetrical triangle and aim for the $0.4445 target level, offering a potential 7% hike. On the other hand, bears could inflict a bearish breakout targeting the $0.3769 level. However, the drop could be checked by the 100-EMA (exponential moving average) line. So far, two false bearish breakouts have retested the 100-EMA (blue line). A similar trend could see another false breakout retest the line before dropping down to the bearish target.

As per Santiment data, XRP daily active addresses spiked recently but recorded a drop by press time. This indicates that the number of addresses exchanging XRP is lower than before and short-term holders have seen profits. Therefore, investors and traders should track Bitcoin’s price action, especially on key price levels of $23.5K and $22K. If Bitcoin is able to secure the $23.5K level, then XRP bulls could be tipped to break above the symmetrical triangle and target the $0.4445 level. On the other hand, if Bitcoin drops to the $22K support zone, then XRP bears could take control and target the $0.3769 level.

SEC’s Enforcement Efforts Misunderstood by Crypto Lobbyists

Bulletpoints:
• John Reed Stark, former SEC Chief, criticized cryptocurrency lobbyists for labeling SEC enforcement actions as “regulation by enforcement”.
• He believes the argument is “sorely misguided” because that is exactly how securities regulations work.
• SEC enforcement efforts have paved the way for legitimate technological innovations to flourish, rendering markets more efficient and transparent.

John Reed Stark, former Chief of the Securities, and Exchange Commission (SEC) Office of Internet Enforcement, has lambasted „cryptocurrency lobbyists“ for labeling SEC enforcement actions as „regulation by enforcement“. He believes the argument is „sorely misguided“, claiming that is exactly how securities regulations work.

Stark, a crypto skeptic, stated in a blog post on 22 January that the argument is completely misguided. Securities regulation, according to Stark, works through litigation and enforcement. The adaptability of SEC statutory weaponry is an SEC hallmark, allowing SEC enforcement to combat fraud. He added that the repetitive chorus of “regulation by enforcement” is not only a misguided, deflective effort designed to tap into sympathetic libertarian and anti-regulatory mores, but also utter nonsense.

When the SEC Office of Internet Enforcement was established in 1998, there were apprehensions that the regulations were too vague and that regulation by enforcement would curtail the growth of the internet. Stark notes that in retrospect, relying on the flexibility of securities regulation to police the internet was a mistake.

The SEC has handled multiple high-profile crypto cases. Stark wrote that vigorous online SEC enforcement efforts have paved the way for legitimate technological innovations to flourish, rendering markets more efficient and transparent. This allows investors more opportunities for success.

Stark concluded that labeling SEC enforcement actions as “regulation by enforcement” is a bogus big crypto catch phrase. He states that the SEC’s adaptability and enforcement efforts are a hallmark of the agency, allowing it to combat fraud and pave the way for legitimate technological innovations to flourish. Courts have also upheld a broad array of SEC cases involving crypto-related offerings, which further proves the effectiveness of SEC regulations.

Get Up to 15% Cashback at Lucky Block Crypto Casino & Sportsbook!

• Lucky Block is a newly launched crypto casino and sportsbook offering some of the best welcome bonuses in the market.
• Players can get up to 15% cashback on losses for the first seven days after registration and no wagering requirements.
• Joining the Lucky Block casino and sportsbook is a rapid and simple process that should take less than a minute.

Lucky Block is a newly launched crypto casino and sportsbook that is offering some of the best welcome bonuses in the market. Players can get up to 15% cashback on losses for the first seven days after registration and no wagering requirements. This is one of the most generous welcome bonuses available and is sure to draw in a large number of players.

Joining the Lucky Block casino and sportsbook is incredibly easy and should take less than a minute to complete. All that is needed is a valid email address, username and password. Unlike some other bitcoin casinos, there is no need to take part in any know-your-customer (KYC) verification process. Once you are all set up, you can start playing immediately. Lucky Block offers a wide variety of games, including slots, blackjack, poker, roulette, baccarat and more.

The site is also provably fair, so you can be sure that the games are secure and safe. Lucky Block also has no-hassle deposits and withdrawals. This means that you can deposit and withdraw funds quickly and easily.

High rollers can also benefit from Lucky Block’s VIP program, which offers reloaded bonuses. This is sure to be a draw for those looking to make the most of their gambling experience.

All in all, Lucky Block is a great choice for those looking for a secure and reliable crypto casino and sportsbook. With its generous welcome bonus and no-hassle deposits and withdrawals, it is sure to be a hit with players.

Whales Dumping CHZ: Could Another Crash be Coming?

• WhaleStats reports that Chiliz (CHZ) has become the most traded token among top 500 ETH whales.
• However, recent on-chain observations suggest that CHZ whales have been trimming their balances, curtailing the chances of a strong recovery.
• This may indicate that whales are now dumping CHZ, rather than buying it, which could lead to another crash.

Chiliz’s native token, CHZ, has been the topic of much speculation among investors in recent weeks. After crashing in the last two months, many have been expecting a strong recovery this month. That expectation may have been reinforced by a recent WhaleStats alert which reported that CHZ had surpassed NMR to become the most traded token among the top 500 ETH whales. But a closer look reveals that the opposite might be true: the whales may be dumping CHZ, rather than buying it, which could lead to another crash.

On-chain observations suggest that CHZ whales have been selling their holdings. The supply held by the top addresses has declined significantly since the end of December. This is around the same time that CHZ had been rallying, suggesting that whales may have been cashing out as exit liquidity was building up. The supply held by top addresses has continued to drop despite a surge in active addresses in the first week of January. This surge was likely due to investors anticipating a January rally. A further look at whale addresses through supply distribution confirms that whales are selling their CHZ tokens.

In addition, CHZ whales have been accumulating ETH over the last few weeks. This could be seen as a sign that the whales are preparing to sell their CHZ tokens. The increase in ETH holdings could indicate that the whales are looking to use ETH to purchase CHZ tokens at a lower price.

Given this information, it appears that the whales are not buying CHZ, but rather they are selling. This could mean that any rally in the price of CHZ may be short-lived and could be followed by another crash. Investors should be cautious before investing in CHZ and should consider the risks associated with investing in a volatile asset.

Polygon’s NFT OpenSea Volume Hits Record $324 Million, Ible City Launches on Network

• Polygon [MATIC] has achieved a new record in sales, reaching $324 million in NFT OpenSea volume.
• Vendible announced the launch of the Ible City utility NFT Series IV on Polygon, a collection of 16,000 land plots in Vendible’s virtual DAO.
• Polygon has shown positive signs of recovery, with some of its metrics looking positive, hinting that 2023 could have a lot in store for the network.

Polygon [MATIC], one of the leading networks in the DeFi and NFT space, has achieved a new milestone in 2021. Its NFT OpenSea volume has reached a new record in sales, surpassing the previous record and hitting $324 million. This is an impressive feat, and it shows that Polygon is becoming increasingly popular among NFT collectors.

The new year has also brought some positive news for the network. MATIC has shown signs of recovery and some of its metrics have been looking positive, hinting that 2023 could bring more success for the network.

Adding to the excitement, Vendible, a leading NFT marketplace, has announced the launch of the Ible City utility NFT Series IV on Polygon. Ible City is a collection of 16,000 land plots in Vendible’s virtual DAO, of which 7,000 have already been sold out. The NFTs are released as Cross-Network Fungible Tokens in six series over six networks, giving NFT collectors the opportunity to experience multiple platforms.

These developments are a testament to the growing popularity of Polygon, and they hint that this could be a big year for the network. With its NFT OpenSea volume breaking records and several new NFT collections launching, there is plenty to look forward to in 2023.

Avalanche [AVAX] Could See 93.52x Hike – Is It Time to Invest?

• Avalanche [AVAX] saw a 93.52x hike on the cards if it hits Bitcoin’s market cap.
• Avalanche [AVAX]’s Relative Strength Index (RSI) was in an oversold position, suggesting a trend reversal in the first week of this year.
• Avalanche’s social volume spiked over the last week, reflecting its popularity in the crypto community.

The crypto world has been abuzz with the news that Avalanche [AVAX] could potentially see a 93.52x hike on the cards if it hits Bitcoin’s market cap. This is a major development for the crypto project as it could be a major game changer for the coin’s price.

At press time, Avalanche [AVAX]’s Relative Strength Index (RSI) was in an oversold position, which suggested a trend reversal in the first week of this year. This bullish signal was further backed by other major market indicators which suggested that selling pressure was imminent.

The news of the possible surge in AVAX’s price was further strengthened when Dua.com, a SocialFi, chose Avalanche to build its „Fi“. This global social network was established to connect people of all ethnicities, races, and faiths from all over the world. This development was seen as a major win for Avalanche [AVAX] as it added value to the network.

Furthermore, as per CoinMarketCap, at the time of writing, AVAX’s price had registered a decline of more than 7% in the last seven days and was trading at $10.69 with a market capitalization of over $3.3 billion.

AVAX’s social volume also spiked over the last week, reflecting its popularity in the crypto community. This was further strengthened by its NFT ecosystem which witnessed growth in the past few days. This was evident in the total number of trade counts and total NFT trade volume in USD which went up.

However, AVAX’s development activity took a different path and declined. Nonetheless, with the bullish signals that the coin has been receiving, it could be a good time to invest in Avalanche [AVAX] and witness its potential surge in the coming days.

Vechain Sees Significant Price Appreciation, Reaches All-Time High of Over $0.20

• VeChain (VET) is a cryptocurrency and blockchain platform that was launched in 2015 and designed to provide supply chain solutions.
• In late 2020, VET’s price experienced a significant bull run, reaching an all-time high of over $0.20.
• Since its launch in 2015, VET has seen significant price appreciation and volatility, reaching its all time high of around $9.50 in late 2017.

VeChain (VET) is a cryptocurrency and blockchain platform that was launched in 2015 with the purpose of providing supply chain solutions. Since its launch, it has seen significant price appreciation and volatility, reaching an all-time high of over $0.20 in late 2020. This was driven in part by the overall bull market in the cryptocurrency space, as well as strong demand for VET as a utility token on the VeChain platform.

At the time of writing, VET was worth $0.0155 with a market capitalization of $1.13 billion and a 24 hour trading volume of $19 million. Data from Coinglass revealed that the total open interest VET futures had gone down by more than 3% over the past 24 hours. Meanwhile, the token has seen liquidations worth more than $8000 in the same time period.

In the early years of its existence, the price of VET remained relatively stable, hovering around the $0.01 to $0.03 range. However, in late 2017, as the overall cryptocurrency market began to rally, VET saw its price surge to an all-time high of around $9.50. This represented a massive increase of over 32,000% from its initial price.

The subsequent correction in price, however, has seen VET’s value decrease significantly. Despite this, the project has seen strong adoption, particularly in the supply chain solutions space, as well as in the development of enterprise-grade applications. This has allowed VET to remain a key player in the cryptocurrency space and is likely to aid in its price recovery in the long-term.

Polkadot Tops Charts in Attracting Institutional Investors Despite Bearish Price Action

• Polkadot has been attracting crypto ventures and hedge funds in 2022.
• Polkadot topped the charts as far as the ability to attract institutional investors is concerned according to a Messari analysis.
• DOT’s price action maintained a bearish trajectory for most of 2022, and achieved a new low of $4.22 in the last 24 hours.

Polkadot (DOT) has been the focus of attention in the crypto market in the past year, particularly for its ability to attract institutional investors. According to a Messari analysis released earlier this month, Polkadot topped the charts as far as the ability to attract institutional investors is concerned. Hedge funds and investment companies have been placing their bets on the Polkadot ecosystem, believing in its robust development and potential.

However, DOT’s price action has seen a bearish trajectory for most of 2022. It achieved a new low of $4.22 in the last 24 hours at press time, almost dipping into oversold territory. This discount could be seen as a buying opportunity for investors who believe in the project’s long-term prospects. While nothing in the market is guaranteed, Polkadot has been able to attract institutional investors and maintain a strong development record, which could be seen as reason enough for investors to consider DOT.

Investors should also keep an eye on DOT’s future price action. Polkadot’s potential for growth, particularly in the long-term, could be one of the deciding factors for investors as they consider their options. While the market is unpredictable, Polkadot’s development roadmap and potential for institutional investment could be a strong selling point for investors.

At the end of the day, investors need to make their own decisions when it comes to investing in the crypto market. While Polkadot remains a strong buy, investors should conduct their own research and decide for themselves if DOT is the right investment for them.

BTC At Risk of Breaking Below $16.4K Support, Eyes on 23.6% Fib Level

• Bitcoin (BTC) was trading at $16,587, potentially headed for a break below the support at $16,442.38.
• Technical indicators and on-chain metrics suggest that BTC could drop lower and retest $16,765 as a short-sale target.
• A break out above the 23.6% Fib level of $16,766.50 would invalidate the bias and could push the price higher.

Bitcoin (BTC) has been stuck in a sideways range for over 10 days, trading between $16,920 and $16,450. The lack of volatility and volume has stalled the entire crypto market. At press time, the king coin was trading at $16,587, potentially headed for a break below the support at $16,442.38.

The price of BTC rallied after the FOMC meeting and reached a high of $18.4K, up about 9%. However, after that, the price correction cleared all the gains and dropped lower. There have been four major price pullbacks since the $18.4K high, the first one settling at $16,627.07 and the second one settling at $16,442.38. The attempt to recover the price was rejected at $16,918.44, which has now become a bearish order block, influencing the third and fourth phases of correction.

Technical indicators and on-chain metrics suggest that BTC could drop lower and retest $16,765 as a short-sale target. The On-Balance Volume (OBV) was negative, indicating that the asset was sold more than it was bought, suggesting high selling pressure. In addition, the Relative Strength Index (RSI) has moved away from its mean and declined, indicating that buying pressure eased.

A break out above the 23.6% Fib level of $16,766.50 would invalidate the bias and could push the price higher. The king coin is currently in a slight upward momentum and it will be interesting to see whether the support at $16,442.38 will hold or if it will break out and head lower. If this happens, traders should be aware of the potential short-sale targets at $16,765 and keep an eye on the 23.6% Fib level, as a breakout above this level could send the price higher.

One Bitcoin A Day Review: How Legit Is This Trading App?

Applications for trading such as One Bitcoin A Day have been popular since the demand for cryptocurrency has increased. They allow newbies as well as novices to trade with no prior knowledge of trading or previous experience and can help them earn big profits with no extensive training. We have decided to look over One Bitcoin A Day and ensure that the new users are aware of all the details they require about the trading platform prior to making a decision about making a decision to invest.

One Bitcoin A Day

What is One Bitcoin A Day?

One Bitcoin A Day is an advanced trading program which allows traders to trade cryptocurrencies. It is able for a variety of transactions, such as trading and buying on the market for cryptocurrency. The One Bitcoin A Day works automatically that means there’s no requirement to invest huge amounts of time or energy to trade. The application doesn’t require prior experience in investing and is accessible to all who are interested in trading.

Synopsis of Our One Bitcoin A Day review:

  • One Bitcoin A Day is an authentic application for trading that has the capability of providing users with opportunities to profitably make investments in cryptocurrency.
  • The traders must invest EUR250 before trading live can start.
  • We are aware that the win rate for brand new users is more than 90 percent.
  • Since the application for trading is fully automated, trading can be completed 24 hours a week.

Is One Bitcoin A Day Legit?

This One Bitcoin A Day trading application makes use of the most sophisticated technology. We’ve evaluated the application and, based on our findings, can confirm that the application is safe and secure. It means your personal data is safe and won’t be taken. One Bitcoin Every Day employs brokers that are regulated to manage your account. After you’ve successfully registered, you’ll also be assigned a specific account manager. The system is extremely accessible and user-friendly. Any questions you might need to ask can be addressed from your personal account administrator. If you are investing, there is always some risk. There is always a risk. One Bitcoin A Day is no exception, but we’ll take care of most of your concerns with this review.

Our rating

  • Free Demo Account
  • Exceptional Broker Support
  • Start as little as EUR250

Your Most Frequently Asked Questions

We thought it’d be ideal to address your questions as early as possible in the review since a lot of users have expressed concerns about the legitimacy of the application for trading.

What should I spend?

We suggest starting with a minimum investment of EUR250. You are able to increase your investment when you begin to earn a profits. The idea of investing at a minimum is a smart method to reduce the risk you’re subject to.

How much money can I anticipate to earn?

There isn’t a limit in the process of earning a profit, and there aren’t any instant guarantee when it comes down to investing. It is known the fact that One Bitcoin A Day minimizes your risk of losing money and boosts your earnings potential.

Does it matter if you be an experienced user with One Bitcoin A Day?

No. Anyone new to the application is encouraged to give the trading app an attempt. There is no prerequisite for prior experience or previous knowledge in trading. It is a simple process. Bitcoin A Day has a demo features that allow you to test your trading skills.

How it Works

Based on our observations, we are able to confirm that risk of trading is much less with the One Bitcoin A Day. The trading app is reliable and efficient. All you have to do is start through making an account.

We’ll help you navigate the steps:

1. Start Registration

The registration process is as simple as filling out the form below , along with the basic details. After completing the form, the account manager will get in touch with you.

2. Make a Deposit

The process of depositing money is simple and simple with the help of One Bitcoin A Day. All you require is an initial deposit of at least EUR250 before you can begin trading live. The deposit will be your first capital investment in the trading app.

3. Start Demo Trading

By using the help of One Bitcoin A Day, you have the option of trading demo that you can use. With the demo trading mode, you’ll be able practice trading for the time you wish to. The best part about this option is that it doesn’t require any real funds. We suggest that everyone novices and experts begin by trading demos.

4. Start Live Trading

When you’re comfortable with demo trading, you are able to proceed to live trading. All you have be waiting for is your manager’s email to assist to set the parameters for your trading and then you can start. All you have to do is to watch the robot perform the task for you.

While the trading app is automated, you must make sure that you are spending at least 20 minutes every day checking your account. It is essential to keep up-to on the current status of your account as well as what’s happening on the market.

Key Benefits of One Bitcoin A Day

  • Payment system This system is available 24 hours a day. It automatically kicks in after the live trading session end. We are able to confirm that the system for payout is correct.
  • The withdrawal system: Once a withdrawal request is approved, it will take 24-hours for your funds to be reflected into your accounts. There is no need to worry about accessing your funds.
  • Service for customers: Customer service support is available 24 hours seven every day of the week. Customer service is accessible via live chat, email and by phone.
  • Features for security Security features: The security feature protects personal information so that you don’t have to worry about information being leaking.
  • Demo-trading capabilities: Demo trading helps One Bitcoin A Day stand above its competition. The feature lets you trade without money. It’s a trial session prior to live trading beginning.

Our rating

  • Free Demo Account
  • Exceptional Broker Support
  • Start as low as EUR250

What makes One Bitcoin A Day stand Apart from the Others?

1. Laser-accurate Performance

We have found One Bitcoin A Day to be very precise. Although we cannot guarantee immediate profits, we do know that the application has enormous earning opportunities. A lot of users have posted positive feedback on the internet, claiming they have earned substantial profits within just the beginning of their trading.

2. Superior Technology

The algorithm that powers The algorithm behind the One Bitcoin A Day trading application is extremely sophisticated and can extract information from cryptocurrency markets and financial news around the world when it occurs. Even the tiniest signal on the market for cryptocurrency can be recognized using the program.

Tips for New Investors

Start with a small amount: We suggest that you start with the minimum amount. It is possible to invest more money at a later time or after you have made your first profit. Earnings to withdraw: Make sure you take your money out after each profitable trade. This will allow you to distinguish between the capital you have invested and the profits you’ve earned. Trade daily: The trading platform is always online. You are not impeded from trading every day. All you have to do is spend at minimum 20 minutes each daily on this platform.

Our Conclusion:

The team at our disposal has determined that One Bitcoin A Day trading application is secure, reliable and effective trading platform which can provide its users with huge earnings potential. Our experience suggests that One Bitcoin A Day is 100% transparent and provides both experienced and new users the help they require to be successful in the market for cryptocurrency. The demo trading function is impressive and lets users the practice of trading without money. Another advantage that comes with using Bitcoin A Day is its outstanding customer service. Users can access all the knowledge and tools they require to succeed in the market for cryptocurrency.