Monat: Februar 2023

• XMR has dropped to its January lows, forming a bullish descending wedge pattern.
• XMR’s hash rate has declined significantly since mid-February.
• Open interest (OI) rates in XMR showed slight improvement, indicating a growing demand for the cryptocurrency in the futures market.

Monero [XMR] Price Prediction 2023-24

Bullish Descending Wedge Pattern

Monero [XMR] hiked 27% in January, reaching a high of $188, up from $147. However, the privacy-focused cryptocurrency has corrected all the gains during its decline in February. Its decline chalked a bullish descending wedge pattern which could offer a lifeline to bulls. At press time, XMR had dropped below $150 and formed this wedge pattern. If XMR breaks above the pattern or retests it after a pullback, long-term bulls can aim at the bullish target of $180 – a 14% potential hike. On the other hand, short-sellers can look to book profits at $134 or $122 if there is a bearish breakout below the lower boundary of this pattern ($145). The RSI was below 50 at press time and bears have more influence on the market currently.

Hash Rate & Open Interest Rates

XMR’s hashrate has declined significantly since mid-February as low highs were made since then showing that less computational power and resources were needed to secure the network. This drop leads to depreciation as miners are compensated in XMR so potentially strong bullish breakouts may be farfetched if this continues. On the other hand, open interest (OI) rates for XMR showed slight improvement with high lows being made since mid-February indicating an increase in demand for XMR in the futures market which could pave way for bullish breakouts if momentum picks pace.

How Much Is 1, 10 & 100 XMRS Worth Today?

At press time 1 Monero was worth approximately $148 while 10 was worth approximately $1480 and 100 was worth approximately$14800 according to CoinMarketCap data .

Disclaimer

The information presented does not constitute financial, investment, trading or any other types of advice and is solely based on writer’s opinion hence readers are advised to do their own research before making any decisions based on it .

• The SEC’s recent action against Kraken had an immediate impact on the price of Safemoon (SFM). SFM was trading at $0.0002581 at press time, and its market capitalization stood at 144,522,922.
• SafeMoon switched to V2 in December 2021 and has been actively promoted by the SafeMoon army since then. It has also outperformed most top meme coin projects‘ ROI since its introduction.
• Analysts and platforms have made various predictions regarding the future price of SafeMoon (SFM), but it is impossible to predict given how volatile the crypto market is.

Overview of Safemoon

The crypto market has been rocked by fresh regulatory actions against crypto units across the globe. The latest SEC action against Kraken had an immediate impact on the digital assets as the price of Safemoon (SFM) kept plummeting. SFM was trading at $0.0002581 at press time, remaining stagnant for the past few days.

Performance of SFM Coin

SFM was heavily promoted as a long-term investment. To accomplish this, it increased transaction fees by 10%, with coin owners receiving 50% of the funds. Safemoon has had a difficult year, with the company accused of manipulating its price with celebrity endorsements, prompting some investors to file lawsuits against it. Its press time market capitalization stood at 144,522,922. Since its introduction, SafeMoon has outperformed most top meme coin projects‘ ROI, where most of them have been operating for a year. As one of CoinMarketCap’s most popular pages, SafeMoon has had more visits than Bitcoin and Ethereum combined. SafeMoon received a breakout reaction, or nearly a million searches according to Google’s trending statistics of the globe filter. In 2021 SFM significantly repaid its investors as it hit an all-time high in April 2021 before settling around current levels for October 2021 onwards indicating potential stability in terms of pricing behavior .

SafeMoon Switching to V2

SafeMoon switched to V2 in December 2021 which saw significant changes in terms transaction fees and other features like token burning that are expected to be beneficial for holders in terms value appreciation over long term periods . This coin is actively promoted by the SafeMoon army which works nonstop day and night making sure holders get their due share from transaction fees collected on each transaction processed through network .

Analysts & Platforms Predictions

Given how volatile the crypto market is ,it is impossible to predict exact future prices even if well known analysts & platforms make predictions about same . Most recently Fear & Greed Index provided insight into overall investor sentiment towards cryptocurrency markets suggesting an increase in overall optimism towards cryptomarkets when compared with previous years .

Final Thoughts

It remains unclear what will happen with safemoon prices over upcoming months but considering recent developments & trends indicates that prices may stabilize or increase steadily over long run depending upon demand from traders & investors looking for safe investments . With such a large circulating supply ,it will be interesting to see how safemoon performs relative other coins within cryptosphere over coming years .

• Avalanche [AVAX] fell from $20.24 to stand at $19.73, a loss of 2.5%.
• A level of support with a pocket of liquidity at $18 meant Avalanche retained strong support despite recent selling.
• Higher timeframe analysis showed that Avalanche could be set for a dip toward $18.7 and the $17.8 levels.

Overview

Bitcoin [BTC] fell beneath the $23k mark over the past few hours of trading and much of the crypto market stood in the red for the day. Avalanche [AVAX], too, noted losses during the day’s trading, falling from $20.24 to stand at $19.73, a loss of 2.5%.

Support Level

A level of support with a pocket of liquidity at $18 meant Avalanche retained strong support despite recent selling. Bullish traders can wait for a bounce and a lower timeframe bullish market structure before looking for entries to long positions, while higher timeframe bulls can wait for AVAX to drop into an area of interest between $17.5-$18.6 before entering their positions as this zone represented strong buyers when breached in late January 2023 due to signifying bullish dominance then. Further south, AVAX has a level of support at $16.8 and at $15.77 – if it closes beneath this point on a daily session, it’ll flip its structure bearish until then though buying at important supports is risky due to waning bull momentum indicated by dropping RSI towards neutral 50 yet rising OBV showing buying pressure still exists in market participants who are still positioned bullishly thanks to positive funding rate that hasn’t yet flipped strongly either way..

Open Interest & Funding Rate

Open Interest spiked upward on 28 January but has since made several lows while AVAX reached its peak price around then too before weakening OI further even with bearish divergence RSI made with price yet funding rate remains positive which suggests market participants remain bullishly positioned so far even as OI weakens..

Realistic Market Cap

Realistic or not, here’s AVAX’s market cap in BTC’s terms – it was worth 0 BTC when Bitcoin crashed beneath 22 very but now stands higher than that so investors could look at entering long positions once possible bounce happens off significant support level if they’re willing take risk involved by doing so..

Disclaimer

The information presented does not constitute financial, investment, trading or other types of advice and is solely the writer’s opinion – buyers should conduct their own research before making any decisions based on what they read here as there may be risks involved depending on individual’s personal circumstances..

• Randall Crater, founder of a multi-million dollar fraudulent crypto scheme, was sentenced to 8 years by U.S. District Court Judge Denise Casper in Massachusetts.
• The team amassed $7.6 million and spent it on a house, cars, and other luxurious items.
• Crater was earlier convicted on four counts of wire fraud, three counts of unlawful monetary transactions, and one count of operating an unlicensed money-transmitting business by a federal jury in July 2022.

Randall Crater, the founder of a multi-million dollar fraudulent crypto scheme, was sentenced to 8 years in prison by U.S. District Court Judge Denise Casper in Massachusetts. The team amassed $7.6 million and spent it on a house, cars, and other luxurious items. This came after Crater was earlier convicted on four counts of wire fraud, three counts of unlawful monetary transactions, and one count of operating an unlicensed money-transmitting business by a federal jury in July 2022.

My Big Coin was a fraudulent cryptocurrency company that was founded by Crater in 2013 and falsely marketed it as a cryptocurrency payment service, enticing victims between 2014 and 2017. The coins on My Big Coin were fully functional cryptocurrencies, backed by gold and affiliated the platform with Mastercard. Crater claimed to the investors that the coins were backed by gold and were exchangeable for US dollars and other fiat currencies through the My Big Coin Exchange.

Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division, said: „Spreading outright lies, Randall Crater defrauded dozens of victims out of more than $7.5 million, convincing them their cryptocurrency investments were backed by gold when in reality their hard-earned money went to funding his lavish lifestyle.“

Crater and his marketing team spent a large chunk of the $7.6 million on a house, several cars, and over $1 million on antiques, artwork, and jewelry. Crater was ordered to pay more than $7.6 million to victims of his fraudulent cryptocurrency scheme. He was also sentenced to 100 months in prison in addition to the eight-year sentence.

The U.S. Department of Justice issued a press release on 31 January, which stated that My Big Coin founder Randall Crater was sentenced to 100 months in prison by U.S. District Court Judge Denise Casper in Massachusetts. This sentence will serve as an example to those who attempt to defraud investors and use cryptocurrencies to their own advantage.