Historically Accurate Cardano On-Chain Metrics Suggest ADA Price Could Triple In Near Term

Cardano (ADA), the 8th most valued cryptocurrency by market capitalization at press time, appears largely undervalued.

This observation holds bullish for ADA, implying that the asset is on the cusp of hitting new levels if it gains traction.

Cardano (ADA) remains one of the most bullish altcoins at this timeThe data was recently shared by Santiment, a crypto market intelligence platform that explained that “Cardano now sits at its lowest relative position compared to its realized value since Jan 2019.” Santiment notes that the aforementioned is a major sign of undervaluation, which is tied to average traded losses.

Via SantimentThe market received the new development as a bullish prospect, as the same pattern, when last spotted, led to Cardano (ADA) tripling its price within 90 days.

As quoted from the report by Santiment, “ADA’s price doubled the following 3 months the last time its MVRV Z-Score hit this level.”
Tron (TRX) Price Analysis: More Gains If It Clears $0.055

TRON price started a fresh increase above $0.050 against the US Dollar, similar bitcoin. TRX price could rise further if it clears the $0.055 resistance.

Tron Price AnalysisThis month, tron price found support near the $0.0445 level against the US Dollar. TRX price formed a base above the $0.0450 level and started a fresh increase.

It traded above the $0.0480 and $0.0500 resistance levels to move into a positive zone. The price pumped above the 23.6% Fib retracement level of the downward move from the $0.0654 swing high to $0.0445 low. It is now trading above $0.0500 and the 55 simple moving average (4-hours).
Integrating Decentralized Cross-Chain Communication Makes Bridges ‘Substantially Safer’ — Flare CEO

Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare, has argued. Philion insists that the lack of such secure solutions has constrained the growth and use of defi products.

Lack of Communication Between ChainsIn written responses sent to Bitcoin.com News, Philion claimed that the large-scale, cross-chain experimentation primarily seen in 2020 and 2021 potentially explains why more than $2 billion has been lost via the so-called bridge exploits of the past 12 months. However, according to the Flare CEO, while it may not be possible to completely eliminate risks for users, bridges could “be made substantially safer.”Besides addressing security-related issues, Philion also offered his thoughts on many other issues that range from the possible use of non-smart contract digital assets in defi and Web3, to insuring digital assets when they are moved across chains.Below are Philion’s responses to the questions sent.Bitcoin.com News (BCN): Can you explain why no one has been able to securely unify the ecosystem yet?Hugo Philion (HP): Blockchains have historically been designed as distributed ledgers processing native transactions, i.e. for bitcoin, the movement of the native asset bitcoin from address A to address B. They haven’t been designed to relay information between themselves, i.e., the Bitcoin chain cannot tell you what happened on the Ethereum chain at block #1083483. This creates a communication problem: how can information about different chains be reliably gathered and validated with decentralization analogues to the chains themselves? Furthermore, how can this be achieved while accounting for the risk of chain rollback?To date, sufficiently secure and decentralized mechanisms to acquire and confirm state between disparate blockchains, apart from rollups, have not been built. A single solution likely does not exist. Instead, potentially multiple, different solutions will suit different use cases.BCN: How does the lack of efficient communication mechanisms between chains affect dapp (decentralized app) developers? HP: Today the biggest use case in the blockchain is decentralized finance (Defi). The lack of adequate cross-chain communication has constrained the size, participation, and efficiency of the Defi market. Not only have existing designs resulted in the loss of billions of dollars of capital, but they are also hard to use, limiting participation to more sophisticated users. As a result, market size, liquidity, and returns have been constrained.Furthermore, use cases leveraging communication that could drive adoption have remained undiscovered. A simple example could be assets purchased or traded on a smart contract chain with direct payment in bitcoin. For blockchain engineers, this could enable a number of protocols that could ultimately revolutionize the digital ticketing market, gaming, or payment gateway technologies, for example. With high-integrity communication between chains, this simple example is just the starting point.
Robert Kiyosaki Predicts Gold Price Soaring to $3,800 While Silver Rises to $75 in 2023

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the price of gold will soar to $3,800 this year while silver will hit $75. He also shared why he became “a gold bug” and “a silver nut.”

Robert Kiyosaki’s 2023 Gold and Silver Price PredictionsThe author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his prediction on how high he thinks the prices of gold and silver will reach in 2023.Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.Kiyosaki tweeted Thurday:

I predict silver going to $75 and gold to $3,800 in 2023.
OptionBlitz Leverages Ethereum Layer 2 Protocol Arbitrum For Its Social Trading, Turbo And Zero-Day Options

OptionBlitz, a decentralized option and social trading platform, announced ground-breaking multiple cutting-edge trading options as it prepares for its BLX token sale.

According to the OptionBlitz team, the platform will deploy into the Ethereum Layer Arbitrum in February. The deployment will offer unique trading options like Turbo and zero-day. Later in the month, OptionBlitz will run a two-stage BLX token presale running from February 28 to March 28, 2023. The first stage will have the token selling for 0.1 USDC/BLX; for the second stage, the price will rise from 0.1 to 0.4 USDC/BLX.
Is P2E Meme Coin DigiToads Better Than DOGE?

Dogecoin, the meme-inspired cryptocurrency, has captured the attention of many in recent years. Its popularity soared when celebrities like Elon Musk started tweeting about it. However, the rise of Dogecoin has also brought attention to other meme tokens that offer more than just a fun name and cute dog mascot. One such token is DigiToads (TOADS), a utility meme coin that provides more benefits to its holders.

Visit DigiToads Website
Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model

The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, users of the Arbitrum platform, and DAOs that are building with the L2 technology.

Arbitrum Launches Self-Executing DAO Governance Model That Aims for Increased DecentralizationArbitrum, the L2 scaling project, has announced the launch of a self-executing DAO governance model and a new governance token called ARB on March 16, 2023. “Today, the Arbitrum Foundation is extremely excited to announce the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of ARB,” the team tweeted on Thursday. The ARB airdrop will be distributed to eligible Arbitrum ecosystem participants, and claiming begins on March 23.

There is an initial supply of 10 billion ARB tokens, and the system’s inflation rate will max at 2% per year, according to the “airdrop eligibility and distribution specifications” page. The ARB tokens will be distributed to early users and DAOs that have utilized the Arbitrum ecosystem before block height 58,642,080 on Arbitrum One, which occurred on Feb. 6, 2023. Arbitrum also noted that it believes the project is “leading the way as the first L2 to launch self-executing governance.”
As Ripple vs SEC Verdict Nears, $1 XRP Price Looks Nigh Following Launch Of Ripple’s Liquidity Hub

On April 13, Ripple Labs announced the launch of its Liquidity Hub, a new business-to-business crypto liquidity platform designed for enterprise-level use.

According to the firm, the new hub aims to provide global access to digital asset payout rails from various market makers, exchanges, and over-the-counter trading desks. It will operate independently and complement Ripple’s widely-used cross-border payments solution, On-Demand Liquidity (ODL). It will also facilitate the seamless integration of solutions to help businesses manage liquidity across platforms, reducing expenses on high-volume transactions like crypto treasury operations.
Is the Gemini Exchange Suffering Financially?

The effects of the 2022 bear market haven’t fully disappeared, it seems. There are many companies out there still dealing with the repercussions of those bearish ripples, the Gemini exchange in New York being a big one.

Gemini Gets $100 Million from Its FoundersNot long ago, it was announced that Gemini founders Tyler and Cameron Winklevoss issued a loan of approximately $100 million of their own funds to aid in the company’s continued operations. This suggests one of many things, a major one being that the exchange is now on pins and needles and could be walking the same cold and ugly path that so many other crypto platforms (from FTX to Celsius) have trodden over the past 12 months.

To be fair, those companies arguably engaged in fraudulent and criminal activity, which is why they likely experienced troubles (both financial and otherwise) towards the end. At the time of writing, Gemini hasn’t been accused of any wrongdoing, nor is there any evidence suggesting the company took part in scam-like behavior, so it’s likely Gemini is still reeling from the ongoing bear conditions that made themselves so prominent last year.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:

• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.

DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.

🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Top Analyst Predicts Big Ethereum Correction, Outlines Worst-Case Scenario for ETH

Widely followed crypto analyst Benjamin Cowen is warning that Ethereum (ETH) could correct in a big way as he believes the leading altcoin is poised to retest a long-term trend indicator before it could give birth to a new bull market.

In a new strategy session, Cowen tells his 785,000 YouTube subscribers that Ethereum has been respecting the fair-value logarithmic regression band as support since 2017.
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively.

Top Stablecoins Tumble: $3 Billion Evaporates in Less Than 40 DaysStatistics reveal a significant contraction in the stablecoin economy, as billions of dollars have been withdrawn from dollar-pegged projects over the past year. About 39 days ago, the stablecoin economy was valued at $129.80 billion, but it has decreased to $126.70 billion today, with more than $3 billion vanishing since June 16, 2023.

The entire top ten stablecoins by market capitalization, except for tether (USDT), have experienced notable 30-day reductions. While USDT’s supply has increased by 0.6%, usd coin (USDC) has recorded a 30-day decrease of 6.4%. As of Tuesday, July 25, USDC’s market capitalization is $26.63 billion, down from $28.25 billion 39 days ago.
Biden Will, Allegedly, NOT Turn USD into a Digital Asset

Despite the spreading of such information online, it appears Joe Biden and the rest of the White House staff have no plans, currently, to convert the U.S. dollar (USD) into a digital asset.

Biden Won’t Go the Crypto RouteWhite House assistant press secretary Robyn Patterson explained in a recent interview:

There are no plans to convert the U.S. dollar into a digital asset.
This Ethereum-Based Altcoin Will Explode 100% After ‘Final Correction’, Says Michaël van de Poppe

An Ethereum-based (ETH) altcoin is likely facing a final leg to the downside before it doubles in price, according to a popular crypto analyst.

Crypto strategist Michaël van de Poppe tells his 668,000 followers on the social media platform X that the decentralized oracle provider Chainlink (LINK) is due for a final correction and a subsequent breakout.
Bitcoin Cash Analysis: Recovery Could Be Capped Near $242

Bitcoin cash price is struggling below the $242 zone against the US Dollar, like Bitcoin. BCH/USD could restart its decline if it fails near $234 or $242.

Bitcoin Cash Price AnalysisBitcoin cash price remained in a bearish zone below the $255 and $260 resistance levels. BCH traded below the $245 support level to move again into a bearish zone.

There was a clear move below the $242 zone. Besides, there was a break below a key rising channel with support near $238 on the 4-hour chart of the BCH/USD pair. The price even tested the $222 support. A low is formed near the $223.80 level and the price is now consolidating losses.
With Bitcoin Forming a Bullish Pennant, Is the $43,000 BTC Price Zone In Sight?

Bitcoin continues to be the talk of the town based on its current bullish run after months of stagnation, thanks to heightened optimism about the approval of spot BTC exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC).

As a result, veteran trader Peter Brandt believes a pennant is being formed on the Bitcoin network, and this is bullish because it could propel the pioneer cryptocurrency to the $43,000 level.
New Lows Incoming for Bitcoin, Ethereum and Altcoins, Warns Analyst Who Nailed the 2022 Crypto Collapse

A widely followed crypto trader is warning that Bitcoin (BTC) and other altcoins could soon make an abrupt trend reversal toward new lows.

Pseudonymous trader and crypto bear Capo tells his 781,400 followers on the social media platform X that Bitcoin could soon revisit the low $30,000s and bring a sudden market correction to alts after they rally one more time.
Paul Barron, Tech Analyst and Media Expert, Joins Devour.io as Strategic Advisor

Paul Barron has joined Devour, the revolutionary next-generation web3 food ordering and interaction platform, as a strategic advisor. Barron is a great asset to Devour’s leadership team because of his extensive experience and knowledge in media, technology, and web3.

The Paul Barron Network is a multimedia platform that informs and inspires audiences about the future of technology. Barron serves as its CEO and analyst. Barron uses his extensive background in computer science, consumer science, and digital media to create interesting and thought-provoking content for podcasts, videos, research, and analytics. He has over 20 years of experience in these fields. His areas of interest include consumer technology, robots, artificial intelligence, blockchain technology, and cryptocurrency.
Proof of Talk Returns to the Louvre Palace As Agenda-Setting Event for Web 3.0

March 5, 2024 – Paris, France

The Proof of Talk summit, heralded as the Davos of Web 3.0, is back for its second year.Uniting Web 3.0 visionaries and global leadersFollowing the success of its 2023 edition, the Proof of Talk summit, heralded as the Davos of Web 3.0, is back for its second year and brings together thought leaders, investors, CEOs, founders, exchanges, digital asset managers and regulatory authorities for networking and thought-provoking sessions.

Held on June 10-11, 2024, at the historic Museum of Decorative Arts in the Louvre Palace at the heart of Paris, this summit has its sights on delivering a unique event with a highly-curated audience dedicated to shaping the future of blockchain and global policy.
XRP Lawsuit: Ripple CLO Points to SEC’s Latest Legal Loss And Why It’s So Bullish On Case Outcome

Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has drawn attention to a recent legal setback faced by the U.S. Securities and Exchange Commission (SEC). This setback, stemming from the SEC’s lawsuit against Aron Govil, could have profound implications for the ongoing legal battle between Ripple and the SEC.

Alderoty’s remarks follow a court decision that denied the SEC’s petition for review, reinforcing a ruling that could affect the SEC’s ability to seek disgorgement in cases where investors did not suffer financial losses.