The Large Holder Netflow measures the daily variance between the outflows and inflows from whale wallets holding atleast 0.1% of a cryptocurrency’s total circulation supply. And based on the direct correlation to price action, this 76% drop in whale demand appears to be a major factor behind the Dogecoin’s 15% pullback from the Dec 11 local top. Whale Transaction Count tracks the daily number of transactions exceeding $100,000. This essentially serves a proxy for tracking real-time changes in large investors’ trading activity.
Bonk Inu price shed 64% between December 14 and 28, which is resembles a bear market-type correction that typically takes a few years. Due to the volatile nature of meme coins, BONK is close to triggering a reversal. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission.
An XRP move through the $0.6354 resistance level would give the bulls a run at the $0.65 handle. The 14-day RSI reading, 51.70, suggests an XRP return to the $0.65 handle before entering overbought territory. This development could see Binance Coin price consolidate in the lower half of the range and potentially sweep the range low at $183. The resulting buying pressure, if it can flip $337 into a support floor, could kickstart the next leg up to $393 or the $400 psychological level.
And there is no better disruption than taking over the multi-billion dollar payment industry. After all, traditional financial services are known to overcharge their customers and are highly inefficient. The team combines extensive experience in technology, retail, and payment technology. Its members have worked with American Express, Capital One, the MIT media lab, NASA, Paypal, Warby Parker and Starbucks. Certain designs may generate vibrations due to rotational printing process of printed and non-printed area.
The users can utilize multiple digital wallets, leveraging Flexa technology to pay with ease and less hassle. The process is as simple as loading cryptocurrencies on wallets, executing tap and pay, with the Flexa back-end taking care of the rest. Flexa complements the lending, borrowing, derivative, synthetics, liquidity mining and https://cryptolisting.org/blog/how-to-calculate-a-single-deduction-from-take-home-pay other DeFi processes by adding a much-needed payments component. The current total value locked for Flexa stands at $86.8M, which gives an idea about the popularity and impact of this powerful technology. Flexa’s FNP uses the ERC 20-compliant token called Flexacoin for transactions and a variety of members-only network incentives.
It allows for the addition of retail payments features, bringing acceptance of digital assets, reducing complexity, and minimizing volatility. The Flexa project is a set of decentralized components and protocols, powering a versatile payments network to make cryptocurrencies spendable everywhere. It is designed to facilitate economic activity, act as an intermediary for payment transmission, and create a major use case for the blockchain. Firstly, when crypto whales acquire large quantities of coins within a short period, as observed above, it causes a large swings in market demand. It also provides much-need liquidity, which enables sellers, to execute trades at favorable prices.
Therefore we developed Advanced Bounce Control system, which guarantees minimal bounces at top speeds and perfect shape of the dot. It includes a full suite of the latest prepress software, plate and print analysis technologies, thermal and solvent platemaking systems, and liquid photopolymer platemaking equipment. The SOMA Optima² flexo press expands the facility to include product benchmarking, print trials, hands-on press training, print application research, and print troubleshooting.
When Flexacoin was introduced in 2018, instant collateralization for digital asset transactions was a new and novel concept. In the years since, the decentralized finance landscape has evolved dramatically. Meanwhile, new standards such as ERC777 and ERC1410 have enabled important new token functionality, all while maintaining complete backwards compatibility with ERC20. However, it managed to rise by more than 31% during the intra-day trading hours. Coinbase, at the time of writing, holds about $114 billion worth of assets under its management, which is slightly lower than the total value locked in the DeFi market, coming up at about $117 billion. Bitcoin is heading into one of the most important years in its history as two major events are expected to skyrocket the digital asset.
As the month unfolded, Shiba Inu has made giant strides to catch up with the pack. In the daily timeframe, Bollinger Band technical indicators also confirms this bearish stance. Its currently shows that with DOGE currently trading at $0.093, it has now dipped below the middle-band (SMA) of $0.95.
However, a fall below the 50-day EMA would give the bears a run at the $0.5835 support level. An XRP break above the $0.6354 resistance level would support a move to the $0.65 handle. In August, Coinbase filed a motion to dismiss (MTD), arguing the SEC has no statutory authority to regulate crypto exchanges. Presiding Judge Katherine Failla will hear oral arguments on January 17, 2024. If Judge Failla grants the MTD, the SEC could lose its right to regulate by enforcement.
Flexa requires no additional hardware at the point of sale and optimizes for seamless payment and receipt for the consumer and merchant. Flexacoin (FXC) is currently ranked as the #21568 cryptocurrency by market cap. The sudden surge in value was also reflected in Solana price action as the altcoin witnessed a 5.7% increase over the past 24 hours. Trading at $106, the cryptocurrency is attempting to recover the 15.82% crash witnessed over the holidays. Furthermore, as of now, unverified claims state the total circulating supply of the meme coin is 1 billion SILLY tokens with no transaction tax. More importantly, this prolong bullish momentum among whales could now encourage other stakeholders and retail investors in the ecosystem to take on a positive disposition as well.
Coinbase is known for being the second biggest cryptocurrency exchange in the world, but the company also seems to be in competition with the entire Decentralized Finance (DeFi) market. However, a fall through the 50-day and 200-day EMAs would bring the $0.5835 support level into play. In July, Judge Analisa Torres ruled XRP was not a security in Programmatic Sales. Significantly, Judge Rakoff targeted the Programmatic Sales ruling in August. Judge Rakoff stated Judge Torres made an error in her ruling in the ongoing SEC v Ripple case.