7*24

Hot topic

Market

Activities

18 million HTX! Cryptocurrency analyst Dark Defender predicts XRP may reach a new all-time high, suggesting the recent downtrend may have ended. Despite the significant drop from the previous peak, th

18 million HTX! Cryptocurrency analyst Dark Defender predicts XRP may reach a new all-time high, suggesting the recent downtrend may have ended. Despite the significant drop from the previous peak, the analyst points to three key technical indicators supporting the bullish outlook.

These indicators include the completion of the Wave C corrective pattern for XRP, a breakout from the descending triangle formation, and a bullish crossover on the relative strength index (RSI). Dark Defender's analysis, based on the Elliott Wave analysis pattern on a three-day chart, suggests XRP has likely bottomed out and is poised for a significant upward move.

The completion of Wave C, specifically the fifth sub-wave near $1.31, is seen as a decisive turning point. Furthermore, a breakout of the resistance line within the triangle pattern by XRP indicates a potential end to the consolidation.  The bullish RSI crossover further supports the idea of ​​a coming rally.

Dark Defender has identified several potential price targets for XRP, with the ultimate goal being a new all-time high. The projected price targets range from $1.66 to $2.58, with the most significant target being $5.85, which would represent a significant upside from the current price.

Claim1,200 USDT in the Monthly Creation Challenge

18 million HTX! Cryptocurrency analyst Dark Defend

WL: Ethereum L2/Sidechain

On April 12, Michael Saylor, founder of Strategy, released more information related to the Bitcoin Tracker, stating, 'Think ₿igger.' Following previous patterns, Strategy typically discloses its Bitco

Michael Saylor Teases Upcoming BTC Accumulation Disclosure

Join HTX Square to Define Web4

Metis, a scalable and user-friendly Layer 2 solution, attracted significant attention at the spring community creative competition. Built using optimistic Rollup technology, Metis focuses on providing

Metis, a scalable and user-friendly Layer 2 solution, attracted significant attention at the spring community creative competition. Built using optimistic Rollup technology, Metis focuses on providing fast and low-cost transaction services while maintaining the security of the Ethereum mainnet.

A notable feature of Metis is its emphasis on creating a decentralized autonomous corporation (DAC). This allows developers and organizations to build and manage decentralized applications with integrated governance capabilities, simplifying the coordination of large-scale blockchain projects.

The network solves long-standing Ethereum problems, such as high gas fees and slow transaction speeds, by processing transactions off-chain and batching them to the mainnet. This significantly reduces costs and improves efficiency, making blockchain applications more accessible to users.

Metis also supports a wide range of use cases, including decentralized finance, NFTs, and Web3 applications. Its flexibility and scalability make it ideal for developers seeking to build high-performance solutions. 

Furthermore, the platform provides user-friendly tools and infrastructure, lowering the barrier to entry for new developers. This facilitates the development of its ecosystem and user base.

Overall, Metis represents a significant step forward in improving the accuracy of Lover 2.

Metis, a scalable and user-friendly Layer 2 soluti

Vote to help HTX win & share 300 USDT!

HTX Community Spring Creation ContestPost To Earn BonusThe architecture of Optimism is based on Optimistic Rollups, a Layer 2 scaling solution that assumes transactions are valid by default and only v

The architecture of Optimism is based on Optimistic Rollups, a Layer 2 scaling solution that assumes transactions are valid by default and only verifies them if a challenge is raised. This approach allows for faster transaction processing and lower costs compared to traditional on-chain execution.

Transactions on Optimism are grouped into batches and submitted to Ethereum, where they are recorded. If any discrepancies are detected, a fraud-proof mechanism is used to resolve disputes. This ensures the integrity of the network while maintaining high efficiency.

One of the key advantages of this architecture is its simplicity, which makes it easier to implement and maintain. This has contributed to the rapid adoption of Optimism within the blockchain community.

The platform also includes advanced tools and infrastructure for developers, enabling them to build and deploy decentralized applications بسهولة.

In addition, Optimism’s architecture is designed to be scalable and adaptable, allowing for future upgrades and improvements.

Overall, the architecture of Optimism demonstrates how Layer 2 solutions can effectively address the scalability challenges of blockchain technology, providing a more efficient and user-friendly environment.

The architecture of Optimism is based on Optimisti

Toncoin (TON) is witnessing a paradigm shift despite caution taking center stage in the broader crypto market.According to leading on-chain metrics provider Santiment, the 100 largest Toncoin whales h

Toncoin Whales Aren’t Budging—190K Tokens Scooped Despite a 66% Drop in Market Cap

Daily BTC Guess: Win 18M HTX!HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge SBI Group CEO Confirms Completion of This New Platform on XRPL SBI Group CEO Yoshita

SBI Group CEO Confirms Completion of This New Platform on XRPL

SBI Group CEO Yoshitaka Kitao has confirmed that its subsidiary, SBI Ripple Asia, has completed the development of a new token issuance infrastructure built on the XRP Ledger (XRPL).

Through this initiative, SBI Ripple Asia seeks to accelerate the real-world implementation of blockchain technology in regulated financial services. Moreover, the company plans to explore new business models through partnerships with enterprises and regional communities.

Key Points

SBI CEO Yoshitaka Kitao confirmed in a recent tweet that SBI Ripple Asia has finalized a token issuance platform built on the XRP Ledger (XRPL).

The subsidiary has also secured regulatory approval to operate as a third-party prepaid payment instrument issuer in Japan.

SBI Group CEO Confirms Completion of This New Plat

Vote to help HTX win & share 300 USDT!HTX Community Spring Creation ContestBASED: Hyperliquid’s On-Chain Super App The Bitcoin market could be facing another crucial event that would bolster its long-

BASED: Hyperliquid’s On-Chain Super App

The Bitcoin market could be facing another crucial event that would bolster its long-term integrity. This is highlighted in a recent evaluation of Japan’s Financial Instruments and Exchange Act (FIEA) reforms, which suggests a major impact on Bitcoin may come not from an increase in investor count, but from how its participant base evolves.

Regulatory Shift May Determine Who Bitcoin Market Participants Are
In a QuickTake post on CryptoQuant, the education group XWIN Research Japan explains why Japan’s FIEA reforms could push Bitcoin towards a more mature, stable market environment. The market experts begin by highlighting Japan’s significant presence in the crypto world, with about 13 million extant accounts holding assets worth ¥5 trillion ($34.4 billion).

However, Japan’s total digital asset portfolio is considered relatively small compared to even the Bitcoin market cap of $1.3-$1.4 trillion. Hence, the education group notes that the most important variable in this dynamic is not the number of participants, but the amount of money they bring into the market. In this case, the institute highlights that as Japan’s regulations improve, institutions, corporations, and other high-net-worth investors may increasingly enter, in turn increasing each account’s allocation.

Interestingly, a key part of this reform involves classifying cryptocurrencies more like traditional financial products. This would introduce stricter standards around transparency, disclosure, and intermediary responsibilities. While this might sound restrictive, it actually also lowers barriers for large institutions that require regulatory clarity before entering new markets.

Capital Inflows Could Be The Real Catalyst
XWIN Research Japan points out that the bigger opportunity lies in the potential inflow of external capital. According to the group, Japan’s total financial assets are estimated at around ¥2,100 trillion. Hence, if just 0.1% of that capital were reallocated into Bitcoin, it could res

The Bitcoin market could be facing another crucial

zkEVM is poised to play a central role in the future development of blockchain technology. With the continued growth in demand for scalable and efficient solutions, zkEVM offers a clear development pa

zkEVM is poised to play a central role in the future development of blockchain technology. With the continued growth in demand for scalable and efficient solutions, zkEVM offers a clear development path.

zkEVM's integration with existing Ethereum infrastructure ensures its relevance throughout the ecosystem's maturation process. Future updates are expected to further improve performance, reduce costs, and enhance ease of use.

Furthermore, adoption of zkEVM by large projects and institutions may accelerate its development. As more applications are built on this technology, network effects will drive its further adoption.

Its potential impact extends beyond the cryptocurrency space to many other areas, including finance, gaming, and supply chain management. By enabling efficient and secure transactions, zkEVM is expected to become a foundational technology for the digital economy.

In conclusion, Polygon zkEVM has a very bright future. Its ability to solve key problems in blockchain technology makes it a crucial component of the next generation of decentralized systems.

zkEVM is poised to play a central role in the futu

edgeX: Sub-10ms Global DeFi Layer

Why is anyone surprised by the corruption? Seriously, you should have known the moment he launched his memecoin And if that wasn’t enough, it was further evidenced by the lack of any meaningful pro cr

Earn Limited-Time 10% APY on $HTX Staking

According to monitoring by 1M AI News, UK financial regulators are urgently assessing the risks associated with Anthropic's latest AI model. On April 7, Anthropic announced that its newest model, Clau

UK Financial Regulators Urgently Assess Risks of Anthropic's Latest AI Model

Happy 11th anniversary celebration&nbsp;<img src="https://d1x7dwosqaosdj.cloudfront.net/images/2024-08/f063d16a617e4aea8a62d74f6f0efb4c.jpeg" alt="Screenshot_2024-08-08-18-21-53-325_pro.huobi.jpg" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px"><br><br>

Happy 11th anniversary celebration 🎉🎉

Todos os comentários0Mais recentePopular

Tópicos em destaque