Author: cryptodailysignals

On-chain data shows that Bitcoin whales have been shaving their holdings in recent weeks, suggesting that the current low may not be attractive enough for them. Bitcoin whales continue to sell despite recent deep lows As analysts pointed out in a CryptoQuant post, the number of investors with balances in the 1,000-10,000 BTC range has continued to decline recently. The relevant metric here is “UTXO Count – Value Bands”, which shows how many UTXOs (or wallets) are currently in each Bitcoin value band. These value bands are groups that define the range within which UTXO balances fall within that band.…

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LUNA Classic (LUNC) price has recorded another drop in the last 24 hours. Last week, LUNC he recorded a profit worth 2.5%. A lot of the weekly gains were lost due to the loss on the daily chart. At the moment, LUNC is showing consolidation below the immediate resistance mark. The FTX collapse has teetered on the bearish side for quite some time, with the coin losing more than 10% of its market value last month. On the development side, we have a new update. This is TerraDart’s new alpha introduction to his package. TerraDart, a Dart SDK used to…

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The quant explained why the Nasdaq’s recent retest of critical support levels could help Bitcoin reverse its trend. Nasdaq-100 recently retested critical support trendline As analysts pointed out in a CryptoQuant post, the Nasdaq-100 is now above its historically significant support line. The Nasdaq-100 (NDX) is a stock market index containing 102 equity securities issued by the 101 largest non-financial companies (based on market capitalization) listed on the Nasdaq Stock Exchange. Here is a chart showing how this trendline has acted as an index price bounce over the past decade. The value of the asset seems to have touched this…

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Ethereum price is moving in the same direction as the wider market. Over the past 24 hours, Ethereum has risen 2.5%. In the weekly timeframe, altcoins have rarely recorded movements. This reflects the lateral trading of ETH. In the short term, altcoins may be registering an uptrend, but as the technicals show, the coin may fall again before it rises. Accumulation is fairly low on the chart. A significant increase in buying activity is needed for ETH to break through his $1,300 price. ETH was comfortably above the $1,220 price, but buying strength is weakening on the daily chart. For…

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Tokenization of luxury assets is a ground-breaking development for the industry as it provides a way to preserve the value of luxury assets, protect them from counterfeiting and generate new revenue streams. By using dynamic non-fungible tokens (NFTs) and incorporating spectral fingerprinting technology, luxury watch brands can preserve the value of their assets, enable provenance and reduce counterfeiting. Dynamic NFTs are unique digital tokens that represent specific luxury assets. These tokens are built on blockchain technology and verified using cryptographic algorithms. This ensures that the NFT is genuine and cannot be duplicated or counterfeited. By tokenizing luxury assets, watch brands…

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To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…

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To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…

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To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…

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