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KAVA, the native token associated with the Kava platform, has experienced a whirlwind week regarding its price swing. The token, which began the week trading around $1.03, surged to $1.23 on May 23, driven by positive news within its ecosystem. However, the bull momentum was short-lived, with the token recently experiencing a significant price correction. Nevertheless, at the time of writing, KAVA is up 10% and is one of the top gainers in the crypto market within this period. What’s Behind The Recent Spike In Kava? However, it is important to analyze the factors behind this rally to assess its sustainability. Cryptocurrencies are known for their price volatility, and sudden reversals are not uncommon. In the case of KAVA, the token experienced a swift downturn following the initial surge, raising concerns about the solidity of the upward movement. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close This pattern is often observed when a rapid rise lacks strong fundamental support, leading to a correction as the market adjusts itself. In terms of recent developments, it was reported that the Digital Asset Exchange Association (DAXA) in South Korea removed investment warnings on KAVA and WAVES, the latter being another digital asset associated with the Waves platform. The warnings had been issued due to concerns about stablecoins linked to these assets, which were found to be “not normally linked to 1 dollar”. However, after a thorough review, DAXA determined that the risks associated with KAVA and WAVES had been resolved, allowing South Korean exchanges to resume deposit services for these tokens. This news likely contributed to the positive sentiment surrounding KAVA and may have played a role in the recent price rally. In addition, the launch of the Kava 13 mainnet and the introduction of GameFi (Game Finance) and non-fungible tokens (NFTs) to the Kava ecosystem have also contributed to the positive momentum for the KAVA token. These developments have attracted attention and interest from users, investors, and traders, potentially driving the token’s price higher. What’s Next For KAVA? The price surge experienced by KAVA stands out as an outlier within the broader context of the cryptocurrency market. Considering the overall outlook, such gains may not be sustainable, and a subsequent correction could erase the entirety of the upward movement. Related Reading: Upcoming Interest Rate Hikes Could Be The Next Big Challenge For Bitcoin, Here’s Why If the current levels near $1.20 fail to provide sufficient support, KAVA/USD might retreat towards the support level at $1.10 or even lower. However, on the other hand, if there is an overall uptick in the market sentiment or if there is fresh, positive news specific to KAVA, it could potentially lead to renewed buying interest and push the price toward a retest of the recent highs. At press time, KAVA sells at $1.134 per token with a slight 0.9% 24-hour increase. -Featured image from Kava.io, charts from tradingview.com

NewsBTC

Kava (KAVA) Price Rallies 10% In 7 Days – Here’s Why

A massive Bitcoin whale has moved a staggering 31,000 $BTC that’s, at the time of writing, worth more than $820 million, out of its cold wallets that had been inactive since late 2022 and had received funds from multiple exchanges. According to data unveiled by prominent blockchain intelligence firm Arkham Intelligence, the wallets’ history suggests

CryptoGlobe

Massive Bitcoin Whale Moves Over $800 Million in $BTC Out of Dormant Wallets

Rich Dad Poor Dad author Robert Kiyosaki says America is bankrupt as lawmakers engage in lengthy negotiations over the debt ceiling. “Unfunded liabilities as Social Security are over $250 trillion,” he said as the U.S. faces a potential debt default. Robert Kiyosaki on U.S. Debt Crisis The author of Rich Dad Poor Dad, Robert Kiyosaki,

Bitcoin.com

Rich Dad Poor Dad Author Robert Kiyosaki Says America Is Bankrupt Amid US Debt Crisis

XRP has shown recent gains on its price chart, allowing the altcoin to surpass a significant resistance level. Although the 1% increase over the past 24 hours may not be substantial, it has helped maintain bullish momentum. However, on a weekly chart, XRP has experienced minimal movement. Despite this, the technical outlook for the coin indicates bullish strength in the market. Buying strength has risen, and both demand and accumulation have turned positive, contributing to this technical outlook. The performance of XRP on its chart may be influenced by the movement of Bitcoin. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close If Bitcoin continues to appreciate and reaches the $27,000 range, XRP may attempt to break through its immediate resistance. With buying strength recovering and demand potentially supporting the bulls, their position in the market could strengthen. However, if the price remains stagnant at its current level, demand might start to decline, causing the bulls to lose momentum. The increase in the altcoin’s market capitalization over the past 24 hours suggests that buyers have gained control over sellers. XRP Price Analysis: One-Day Chart At the time of writing, XRP was trading at $0.47. In recent trading sessions, the altcoin successfully surpassed the resistance level of $0.45. Sustaining this positive momentum, the next resistance level for XRP is expected to be at $0.48. If this level is cleared, it could fuel a rally towards the $0.50 mark. However, if the price retreats from its current level, it may invite bearish pressure, potentially causing the price to settle around $0.43. Notably, the volume of XRP traded in the last session was relatively high, indicating a lower selling strength in the market. Technical Analysis During the recent trading sessions, the altcoin not only made progress in its price movement but also saw a notable recovery in buying strength. The Relative Strength Index (RSI) being above the half-line suggests that buyers have taken control of the price action in the market. Additionally, XRP moved above the 20-Simple Moving Average (SMA) line, indicating that buyers were driving the price momentum. This shift in momentum was supported by an increased demand for XRP in the market. In line with other technical indicators, the altcoin has started to exhibit buy signals on the chart. The Moving Average Convergence Divergence (MACD), a tool used to assess price momentum and potential reversals, displayed green histograms associated with buy signals. This suggests that there is a possibility of the altcoin attempting to break through its overhead resistance level. Related Reading: When Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap Says Furthermore, the Bollinger Bands, which indicate price volatility and fluctuations, remained parallel and wide. This indicates that the XRP price action is not expected to be constricted or range-bound. The upper band of the Bollinger Bands intersected at $0.48, highlighting this level as an important resistance level or price ceiling for the altcoin to overcome. -Featured Image From iStock, Charts From TradingView.com

XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

According to one of the sources familiar with the negiotation, there "might be one or two small things they need to finish."

CoinTelegraph

Biden strikes 'tentative' U.S. debt ceiling deal: Report

In the world of crypto, the actions of large investors, known as whales, can often provide valuable insights into the market sentiment surrounding a particular digital asset. Recent data has revealed a common trend in the XRP market, as whales have been actively accumulating millions of tokens over a short period, particularly in the last three weeks. This surge in whale activity has sparked intrigue and speculation among crypto enthusiasts, suggesting a strong bullish sentiment toward Ripple’s remittance token. Whales Show Bullishness On XRP According to data shared by renowned crypto analyst Ali on Twitter, whales are making significant moves in the XRP market. Utilizing behavior analytics resource Santiment’s data, Ali highlighted the noteworthy accumulation of XRP by whales, which indicates their strong belief in the future prospects of the token. Related Reading: XRP Emerges As Top Performing Crypto With 55% Surge – Messari Report Over the past three weeks alone, these prominent investors have acquired 52 million XRP, representing an estimated value of over $22 million. Notably, the accumulation trend has been primarily observed among XRP whales, specifically addresses holding 10 million to 100 million XRP. This period of intense accumulation began on May 7, following a notable selloff pressure that occurred on April 12. During the selloff phase, Ripple’s token experienced a prolonged consolidation period, stemming from the temporary exhaustion of the rally before the latest move. However, the selloff eventually subsided, paving the way for the current accumulation trend witnessed among whales. What Drives The Accumulation The sudden surge in XRP accumulation by whales has raised questions about what factors could be driving this bullish sentiment. While individual motivations may vary, several plausible explanations shed light on the underlying dynamics at play. One significant factor could be the anticipation of positive developments within the Ripple ecosystem, such as new partnerships or advancements in the adoption of Ripple’s token for cross-border transactions. Last month, Ripple (XRP), Cardano (ADA), and several other cryptocurrencies received an adoption boost through a recently announced partnership between Binance Pay and CoinGate. This collaboration enables users of Binance Pay to make crypto payments to merchants powered by CoinGate. In turn, CoinGate merchants can facilitate Binance Pay payments during the checkout process. This new feature, which will be automatically activated, caters to various digital assets available on the Binance Pay platform, including Ripple (XRP), Cardano (ADA), and many others. Notably, such developments often drive demand for Ripple’s token, prompting investors to accumulate the token in anticipation of future price appreciation. Furthermore, the recent regulatory clarity surrounding Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) may have also contributed to the increased confidence among whales. Related Reading: XRP Bears Prevail As Asset Retreats From Recent Highs As Ripple continues to make progress in the legal proceedings, the resolution of the case could potentially remove a major overhang on XRP’s market sentiment, paving the way for renewed optimism and investment. Meanwhile, following the accumulation of whales, XRP has shown an upcoming uptick. Over the past 24 hours, Ripple’s token has seen a 1% gain. The asset currently trades at $0.47, at the time of writing. -Featured image from Unsplash, Chart from TradingView

Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why

In today’s crypto industry, there are certain highlighting projects that create effective traded ones in the market. And, from the

The News Crypto

Binance Exchange Failed To List the Most Traded Projects

As Avalanche's C chain experiences a surge in activity, the future of AVAX holds potential. The platform's expanding user base, growing dApp ecosystem, and rising interest in NFTs contribute to the growth.

AMB Crypto

Avalanche activity spikes, how will AVAX react

Inspired by how the little guy challenged Wall St in the GameStop short squeeze, Wall Street Memes (WSM) is one of the newest meme tokens, currently on presale.... Read More: Wall Street Memes Price Prediction - Next GameStop Stock Bull Run For A Meme Coin?

cryptonews

Wall Street Memes Price Prediction - Next GameStop Stock Bull Run For A Meme Coin?

China says it’s now signed $582.3 billion worth of global currency settlement agreements that will exclusively utilize the yuan. According to a new report from the Chinese state-backed outlet China Daily, the country’s central bank has inked deals with more than 40 countries and regions since 2016. As for the countries involved in the pacts, The post China To Settle $582,300,000,000 in Yuan Worldwide Amid Push to Circumvent US Dollar: Report appeared first on The Daily Hodl .

The Daily Hodl

China To Settle $582,300,000,000 in Yuan Worldwide Amid Push to Circumvent US Dollar: Report

A popular crypto trader is weighing in on the prospects of Litecoin (LTC), Bitcoin (BTC) and Ethereum (ETH) moving forward. Starting with Litecoin, the pseudonymous analyst Bluntz tells his 223,000 Twitter followers that the 14th-largest crypto asset by market cap is consolidating in readiness for what could be a breakout. According to Bluntz, the upcoming The post Top Crypto Analyst Says One Catalyst Will Keep Litecoin ‘Propped Up’, Updates Outlook on Bitcoin and Ethereum appeared first on The Daily Hodl .

Top Crypto Analyst Says One Catalyst Will Keep Litecoin ‘Propped Up’, Updates Outlook on Bitcoin and Ethereum

U.S. Treasury Secretary Janet Yellen has updated her projection regarding the date the U.S. government could default on its debt obligations. She warned that the Treasury “will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5.” Yellen Warns US Could Default on June

Treasury Secretary Yellen Revises Debt Default Date: US Government Could Exhaust Funds by June 5

The second-largest blockchain has begun reaping the fruits of underlying projects under its Mainnet. However, only one section has proven to be effectual.

Ethereum: L2 data fees reaches ATH, how the spoils were shared

REVIEW: These iPhone and Android solitaire games reward you with real Bitcoin. We picked the best of the bunch.

Decrypt

You Can Earn Bitcoin by Playing Mobile Solitaire Games—Here's How Much

The two main factors for this are believed to be increased scrutiny, blacklisting, and increased attention from law enforcement.

Crypto Potato

Value Stolen in Exploits Down By 70% Since Last Year, More Funds Returned (Report)

Florida’s 46th Governor, Ron DeSantis, recently declared his candidacy for the U.S. presidency in 2024 and has since participated in several interviews. While conversing with Dana Loesch on The Dana Show, DeSantis criticized the U.S. Internal Revenue Service (IRS) as a “corrupt organization” and no ally to the typical American citizen. DeSantis Discusses Single-Rate Tax

2024 US Presidential Candidate Ron DeSantis Says IRS Is ‘Corrupt,’ Insisting America Needs ‘Something Totally Different’

UNI’s selling pressure cooled off at the $4.87 support level, offering an opportunity for a bullish rebound.

Uniswap retests $4.87 support, what is the next level

FTX reboot is in the works, Multichain issues spark uncertainty and Sam Altman’s crypto project Worldcoin raises millions of dollars.

FTX 2.0 coming up, Multichain FUD and Worldcoin raises six figures: Hodler’s Digest, May 21-27

Esteemed business tycoon Michael Saylor recently conversed profoundly with Michelle Makori, discussing critical cybersecurity issues. They explored the escalating risks

Michael Saylor and Michelle Makori Uncover the Crypto Solution to AI Cyber Threats

In 2023, the cryptocurrency market is poised for exciting developments as speculations surround the potential price movements of Dogecoin and Wall St Memes. Dogecoin, the popular meme-inspired cryptocurrency, has garnered significant attention, and discussions revolve around the possibility of its price reaching the milestone of $1. On the other hand, Wall St Memes, a rising player in the crypto space, is generating buzz with predictions of a 100x surge in its value. ... Read More: Dogecoin Price to Hit $1 While Wall St Memes to Rocket 100x in 2023?

Dogecoin Price to Hit $1 While Wall St Memes to Rocket 100x in 2023?

A recent blog post by DappRadar reported that Blur’s new platform, Blend, has made a meteoric rise in the non-fungible token (NFT) lending market. Blend, a peer-to-peer lending protocol launched by Blur on May 1, 2023, has seen an astonishing 3945% growth in its first weeks of operation. The total loan volume surged from 4,200

Blend’s Unprecedented Surge: Dominating 82% of the NFT Lending Market in 22 Days

From time to time, rumors surface that Grand Theft Auto 6 will integrate cryptocurrency, fueling expectations that the franchise may make its way to Web3.

Why is Grand Theft Auto 6 unlikely to incorporate cryptocurrencies?

Bitcoin's rollercoaster ride continues as the recent price drop pushes more BTC into a loss—however, signals of undervaluation hint at a potential price surge in the future.

Bitcoin’s price drop affects 2.7 million BTC in this manner

In the expansive universe of cryptocurrency, the market’s capricious nature often sparks a flurry of speculation and forecasts. The tantalizing question facing traders and investors today is: What will be the price of XRP in December 2023? OpenAI’s GPT-4, the state-of-the-art language model, provides us with some compelling considerations. Decoding influences on XRP’s price At ... Read more

Cryptopolitan

We asked GPT-4: What will the price of XRP be in December 2023?

Ethereum’s long positions have been on a tumultuous rollercoaster ride, with record-high liquidations topping $58 million in May. The digital

Ethereum’s $2000 Aspiration Faces a Tug of War with Liquidations

China’s leading credit rating agency, Chengxin International Credit Rating (CCXI), has downgraded the US credit rating, raising concerns about escalating political discord, spiraling inflation, and the unrelenting deadlock over the US debt ceiling. The downgrade to AAg+ from the previous AAAg is a consequential move that reflects growing anxiety over the fiscal health of the ... Read more

Chinese credit rating agency downgrades US credit amid debt ceiling crisis

Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the official pointed out. EAEU Replaces Dollar in Trade With National Currencies, Russian Official Says Trade between member states

Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements

A prominent crypto analytics firm says that Bitcoin (BTC) and Ethereum (ETH) fees are plummeting as the speculative frenzy around digital assets loses steam. New data from market intelligence platform IntoTheBlock reveals that the total fees associated with the crypto king and the leading smart contract platform have dropped 32% and 24.4% this week, respectively. The post Bitcoin (BTC) and Ethereum (ETH) Fees Plummet As Speculative Frenzy Cools, According to Crypto Analytics Firm appeared first on The Daily Hodl .

Bitcoin (BTC) and Ethereum (ETH) Fees Plummet As Speculative Frenzy Cools, According to Crypto Analytics Firm

Whales have been moving around big stashes of DOGE; tens of millions of DOGE moved to Binance

U.Today

$2 Billion in DOGE Held by Robinhood Now After Big Decline in Its Dogecoin Supply

In a strategic shift to ease its financial squeeze, Argentina is actively looking to extend its de-dollarization agreement with China. An increased swap line, with funding denominated in Chinese yuan, could offset the South American nation’s dwindling dollar reserves. Stretching Argentina’s financial safety net Sergio Massa, Argentina’s Economy Minister, is spearheading discussions to elevate the ... Read more

Argentina boosts de-dollarization, eyes yuan swap line

WorldCoin (WDC), an open-source protocol aiming to build a more egalitarian global economy, has revealed a ground-breaking payment mechanism. The protocol aims to increase the accessibility and security of financial transactions for people worldwide. The WorldCoin Foundation and Tools back it for Humanity. WorldCoin intends to transform how individuals transfer, receive, and hold digital assets, ... Read more

What is WorldCoin, and where can you WDC?

Renowned Nigerian crypto exchange, Patricia, has recently grappled with a massive security breach affecting the company’s Bitcoin and Naira assets. A situation that has precipitated immediate measures to shield its user base and fortify its security landscape. This unexpected cybersecurity incident prompted the suspension of fund withdrawals, a step taken as part of an ongoing ... Read more

Nigerian crypto exchange Patricia battles security breach promises steadfast recovery

When comparing the financial crisis of the United States, the future shortcomings with regard to the financial markets might substantially

US Default Begins, Will Crypto Investment Be Effective This Time?

Ethereum Price Prediction 2023-2032 “The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, ... Read more

Ethereum Price Prediction 2023-2032: Will ETH reach $8000 soon?

Ethereum whales have increased their holdings considerably in the last few months, implying that an accumulation phase was underway.

How Ethereum’s low volatility has helped whales

Here are top Dogecoin predictions and price trends from the Cryptopolitan team. Review its background and long-term commentary.

Dogecoin Price Prediction 2023-2032: DOGE to the Moon?

The Liquity price analysis shows a bearish trend with the bears dominating the market. The bears have taken control of the price and rejected any upside attempts at $1.25. The market opened trading in bullish pressure, and the token rallied above the $1.25 mark but faced resistance from the bears at that point and went ... Read more

Liquity Price Analysis: LQTY rejects upside at $1.25, more downside to follow?

Republican presidential hopeful Ron DeSantis touched on cryptocurrencies in his Twitter Space with Elon Musk.

This Week in Coins: Bitcoin and Ethereum See Fourth Flat Week as TRON and Tether Surge

Crypto exchange Gemini has found a new European headquarters as regulators in the US remain hostile toward the digital asset industry. On Thursday, Cameron Winklevoss, who co-founded the exchange with his twin brother Tyler, announced his company would be setting up a regional HQ in Ireland. “Awesome meeting this morning with Leo Varadkar, the Prime The post Crypto Exchange Gemini Launches European HQ in Ireland Amid Swirling US Regulatory Uncertainty appeared first on The Daily Hodl .

Crypto Exchange Gemini Launches European HQ in Ireland Amid Swirling US Regulatory Uncertainty

The FBI noted that these types of scams often target Asia-based victims.

FBI Warns of Crypto Human Trafficking Rings in Asia

China’s complicated relationship with the cryptocurrency industry has undergone a drastic twist. On May 27, Beijing’s municipal government showcased a white paper heralding a commitment to accelerating the web3 industry’s growth. The paper spotlights various research areas in the web3 industry, taking in artificial intelligence (AI), content production tools, and XR interactive terminals. It also ... Read more

China unviels white paper to foster web3 development

BNB witnesses dApp growth in the SociaFi sector. Daily activity on the protocol continues to rise, however prices don't see the same growth.

Will BNB dApps be enough to drive ecosystem growth

In a surprising case that caught the crypto community's attention, Sarita, a New York housewife, uncovered her husband's hidden Bitcoin assets during her divorce proceedings.

ZyCrypto

Woman Targets Husband’s Bitcoin in Novel Divorce Proceedings

Novel Cardano-centric infrastructure platform Atrium Lab pioneers concept of ADA staking basket

This Tool to Help You Stake Cardano (ADA) in 50 Pools: See The Concept

After an absence of five years, cryptocurrency exchange Binance is making a comeback in the Japanese market. The company has initiated the process of establishing a new subsidiary that will operate under full regulation in the country. This development follows the exchange’s acquisition of Sakura Exchange Bitcoin (SEBC), a regulated cryptocurrency exchange, in November 2022. ... Read more

Binance makes return into Japan under a new subsidiary

Ethereum has made significant progress towards its impending Cancun upgrade after its well-publicized Shapella upgrade earlier this year. In addition,

Ethereum Moves Towards Cancun Upgrade With Key EIPs Considerations

How is it possible to see continued growth of SHIB?

SHIB Price Analysis for May 27

China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation, and the ongoing impasse over the debt ceiling. U.S. Credit Rating Suffers Downgrade by

China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default

Cardano founder Charles Hoskinson has shared an over-optimistic vision for the future of the proof-of-stake blockchain platform, claiming that it could climb to the top of the cryptocurrencies list soon. In a recent video, the crypto veteran talked about "Cardano Summer," claiming that the blockchain's native token ADA could surpass Bitcoin, Ethereum, and all other cryptocurrencies, thanks to a series of updates and proposals set to be released in the coming weeks. ... Read More: Cardano's Charles Hoskinson Shares Vision For 'Cardano Summer'

Cardano's Charles Hoskinson Shares Vision For 'Cardano Summer'

Polygon Price Prediction 2023-2032 In an official blog post, Polygon explains how they were able to retire $400,000 of carbon credits that offset the entirety of CO2 debt accumulated by the network since inception. Polygon is always on the forefront of green business. They lead their industry by converting to carbon neutrality and moving towards ... Read more

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