Ethereum Dropped After Setting Another New All-Time High. Here’s What Investors Should Do Next
Terra’s LUNA token has been trading inside a rising wedge pattern. The bulls attempted to push the price to the resistance line of the wedge on Nov. 8 but could not sustain the higher levels.
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Bitcoin price has been consolidating for more than ten days and shows no signs of a directional bias. BTC collected liquidity and could be primed for a move lower. For now, the altcoins are showing strength as BTC coils up. If BTC crashes, altcoins are bound to take a hit.
Although short term relationships are erratic and sparse, this is the period band that contains most of the negative—although usually fleeting—relationships (shown by leftward facing arrows). The relationships link online activity increases to price falls (the converse is not observed). It is not surprising that occasionally discussion is associated with price falls, as negative events (e.g. blockchain bugs, and exchange hacks) are newsworthy in the community.
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Loopring263 (-11.33%) The Graph89.07 (-9.49%) Internet Computer3,882 (-9.45%) Theta Network594 (-8.96%)
But some say the BITO ETF is not enough, because while the fund is linked to Bitcoin, it does not actually hold the crypto directly. The fund instead holds Bitcoin futures contracts. While Bitcoin futures follow the general trends of the actual crypto, experts say it may not track the price of Bitcoin directly. For now, investors must continue waiting for an ETF that holds Bitcoin directly.
INSIDE HUNGARY’S U.S. INFLUENCE CAMPAIGN: “Former Vice President Mike Pence turned up in Hungary last month to speak to a conference on conservative social values hosted by the far-right government of Prime Minister Viktor Orban,” Ken Vogel and Benjamin Novak write for The New York Times. “Jeff Sessions, the former attorney general, was another recent visitor. Tucker Carlson did his Fox News show from Hungary for a week this summer. The American Conservative Union is planning a version of its CPAC gathering in Budapest early next year.”
Cryptocurrency is an asset that can be exchange for goods and services, much like normal money.
4JNET’s unique mechanism echoes with the “HODL” idea of encrypted tokens to a great extent, which advocates “buy and hold” regardless of its appreciation and depreciation in the short run. In essence, its fairness, security and transparency enhance investors’ confidence in holding the tokens for a long time or trading at the right time, allowing them to become rich one day.
Safemoon investing will be made much more accessible if this happens, leading to more accurate price data. Time will tell whether this happens, but keep an eye out in the months ahead.
At 6am on Tuesday 9 November, Ethereum reached $4,842.54 according to Coinbase, setting a new record for the popular cryptocurrency synonymous with the rising crypto trend of NFTs.
These platforms allow holders to exchange their cryptocurrency holdings for major fiat currencies like the U.S. dollar and euro, and for other cryptocurrencies, including less-popular currencies.
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Blockchain technology has unique security features that normal computer files do not have.