USDC Manufacturer Circle Considering IPO in 2024
Circle, the maker of USDC, plans to IPO again in 2024 after failing with a similar plan through SPAC in 2022. It is backed by giants like Goldman Sachs and BlackRock. The company was valued at $9 billion in 2022.
Cardano Ranks First in Development Activity
Santiment, a market intelligence platform, published a post on X, sharing insights on the top cryptocurrencies by development activity. Cardano (ADA) is notable for its highest development activity in the last 30 days. Polkadot (DOT) and Kusama (KSM) are also on track, sharing second place in development activity. This list also includes APT, LINK, ATOM and ETH.
Robinhood Expands Crypto Operations to Europe
Robinhood, the popular trading platform, announced on Tuesday the 3rd. announced after the release of its quarterly earnings that it is looking to expand its crypto operations into Europe with an experienced team and a UK brokerage. Robinhood also said in its earnings release that its crypto-related revenue in the third quarter fell 55% year-on-year to $23 million.
Evmos Plans to Retire Cosmos Transactions
The core team of Evmos, the Layer 1 blockchain that facilitates the integration of Ethereum smart contracts into the Cosmos network, plans to discontinue support for Cosmos transactions to focus solely on Ethereum-based transactions. This means that the core network will only support Ethereum-based wallets and tools instead of those designed for Cosmos.
New Partnership Between Ripple and Onafriq
Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under an agreement with African mobile payments provider Onafriq. Onafriq will use Ripple Payments’ blockchain technology with three partner companies.
Bitcoin Supply in the Hands of Long-Term Holders Hits All-Time High
Data from Glassnode shows that Bitcoin is in an accumulation pattern, with its current supply reaching a new historic low. According to the report, there is an increase in the illiquid supply of Bitcoin and the number of long-term Bitcoin holders.
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BITCOIN(BTC)
Bitcoin is priced at $ 35,258 with a 0.40% loss in value as of today morning hours. Bitcoin, which continued its rising channel movement after exceeding 30,000, returned to the lower band of the rising channel movement by retreating from the 36,000 level after reaching its peak level last week. When it received a reaction from the bottom of the canal, it rose to the middle of the canal, which was its first target. Now, getting support from the upper part of the horizontal band at $ 35,250 will be very positive for the beginning of the upward movement.
ETHEREUM(ETH)
ETH, which lost 0.32% as of morning hours, is priced at $ 1879. In Ethereum, the movement in the range of 1860-1910 continues after the 1860 breakout. We see that Ethereum, which has made a return from the 1914 level in the last 3 attempts, then had difficulty staying above the 1900 level. Ethereum may continue its movement in the range of 1860-1910 for a while and then realize a breakout depending on the news flows. In the downward movement, 1860, 1825 and 1800 levels can be targeted, and in case of an upward movement, 1915, 1940 and then 2000 dollar regions can be targeted.
RIPPLE(XRP)
XRP is priced at $0.6777 with a 1% loss in value as of morning hours. When we examine the daily chart, we can see that $0.6740 is an important level and works as support. In case of a rebound from this level, 0.75 will be the first target if the upward movement continues. Persistence above $0.75 could take the price back up to $0.80. If 0.6740 does not work as support and a down break comes, the first support zone is seen between 0.64 and 0.63 dollars.
AVALANCHE(AVAX)
AVAX is priced at $ 12.72 with a 0.78% loss in value as of morning hours. After climbing up to $ 12.50, it retested to $ 11.40. Above $12 is very positive for AVAX and its next target should be to break the $13 level. When we examine the support levels, we come across the level of 12.35 and below 12 dollars.
SOLANA(SOL)
SOL is pricing at $ 43.34 with a 0.98% gain in value as of morning hours. SOL, which has been moving between $ 42 and $ 40 for about 3 days, rose above the $ 42 region with the rise experienced yesterday evening. When we examine the support and resistance levels, we come across the $ 37 level. If it falls below this level, a retreat to $ 34.35 may be possible. At the resistance levels, $46.70 and then the $47 level could work as resistance levels for SOL.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 13.438 with a gain of 3.1%. It seems important for LINK, which rose above $ 13 yesterday with the upward break of the $ 12,500 resistance level, to remain above this level. In case of persistence, 13.50 resistance level can be followed. When we examine the support points, it seems that the $ 12 and lower $ 11,500 levels are important.
HOT
HOT is pricing at 0.001592 with a gain of 1.40% as of morning hours. When we examine the daily chart, we see that the resistance of $0.001460 was broken upwards. It is important to maintain above this level for the continuation of the upward movement. In case of persistence above this zone, the 0.001650 level appears as resistance. When we examine the support levels, we come across the 0.001500 dollar level, which previously worked as a resistance zone.
