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#MultiChain On-chain data on July 19 shows that as much as 2 million XRP, the native currency of the $XRP Ledger, were changing hands every minute on top cryptocurrency exchanges, including kucoin.com/#/?r=cx4bye" >KuCoin and Poloniex. In a screen grab shared on Twitter, on-chain data reveals that more XRP was being traded in bulk, driving trading volumes higher across the board.
Accompanying the expansion, prices remain higher as of writing on July 20. The coin is up 72% from July 2023 lows, even though trading volumes in leading exchanges, including #Binance , have since tapered slightly. Nonetheless, the resurgence in trading volumes this week suggests that the demand for the coin remains relatively higher.
XRP And Its Spectacular Rally
The token’s value experienced a surge following a recent court ruling declaring that the SEC could not provide evidence that it was a security. Per the Howey test, the judge concluded that XRP does not meet the legal definition of a security.
Three years ago, in December 2020, the regulator filed a lawsuit alleging that Ripple, the blockchain company, and some of its executives, including Brad Garlinghouse, had raised over $1 billion through alleged illegal sales of XRP, an asset they claimed was an unregistered security. Ripple denied the allegations and fought the lawsuit, expending millions of dollars in legal expenses and. eventually winning on this item.
Coinbase, Bitstamp, Crypto Exchanges Relisting
The rally has also been boosted by the news that Coinbase Global, Kraken, and other top-tier #cryptocurrency exchanges have relisted the token. Specifically, Coinbase delisted XRP in December 2020 following the #SEC lawsuit, triggering a wave of delisting among cryptocurrency exchanges in the United States.
Relisting XRP across major exchanges could be a sign of confidence. It will likely boost the coin’s liquidity, increasing trading volumes in the coming months. Supporters find the listing a refreshing development, especially for clients in the United States who had been cut off from trading.
Some predictions maintain that the token rally will likely continue in H2 2023. Judge Analisa Torres’ ruling in favor of Ripple Labs removed uncertainty around the coin’s status. This decision can also open more doors for institutional adoption.
Moreover, the rally and regulatory clarity cement the token’s position in the cryptocurrency market. This development may see it narrow its gap with Ethereum ($ETH ), perhaps even flipping it to become the second-largest coin after Bitcoin. In the last three years before the court ruling, the token shook off weakness and retained its slot in the top 10 cryptocurrencies by market capitalization amid the biting and extended crypto winter 2022.
Feature image from Canva, chart from TradingView#GOATMoments

#FDUSD Algorand (ALGO) is on a bullish rampage today after soaring as high as $0.1185 upon gaining a total of 6.83% over the past 24 hours. Algorand has managed to sustain its growth trend in the trailing seven-day period after printing a total gain of 10.2%.
The volatility of Algorand is high at this time, but the obvious actions of market bulls have largely helped the proof-of-stake (PoS) protocol maintain impressive growth metrics across the board. The trading volume is up by 124.4% with a total of $88,851,349 traded overnight. While Algorand has been a low flier compared to other PoS protocols with smart contract capabilities, its appeal is still very much appreciated across the board.
Algorand has had a mix of ups and down thus far this year, similarly to other high-growth protocols, which involve active developer activity. While this developer activity has been steady, it has also been marred by a bout of exploits that rocked the protocol earlier in the year.
With transparent handling of the exploit by the Algorand team, ALGO buyers appear to have gained a whole new motivation to go on an accumulation spree. Per the current outlook, the token is looking to retest its 30-day high of $0.123.
Riding DeFi wave
Algorand has its own community and ecosystem, both of which have been very proactive in championing the growth strides of $ALGO over the past years. However, with most PoS protocols now creating an Ethereum Virtual Machine (EVM) in order to gain unhindered accessibility between each other, a new trigger for growth has been ushered in, with Algorand notably tagging along.
Despite the many distractions that have been recorded, including the invitation from Cardano founder Charles Hoskinson asking Algorand to come become a sidechain of Cardano, the developers remain focused, driving innovation in a steady manner to drive growth.#MultiChain #BinanceTournament #Worldcoin

#multichain This eagerly anticipated event presents an incredible opportunity for developers, creators, and projects to secure funding for their innovative initiatives.
The official announcement urges all enthusiasts to mark their calendars for this significant event. Whether you’re an established participant or a newcomer, GG18 promises to be an inclusive and impactful crowdfunding initiative.
📆SAVE THE DATE 📆 🎉Gitcoin Grants 18: Aug 15-29, 2023🎉 Mark your calendars for #GG18! Applications open on August 1st – be on the lookout for more details to follow 🫡 Let’s Fund What Matters. Together 🍃 pic.twitter.com/4eYiJHbpo1— Gitcoin 🟢 (gitcoin) July 19, 2023
Gitcoin, known for its commitment to supporting open-source projects and the broader Ethereum ecosystem, is gearing up to open applications for GG18 starting on August 1st. This presents a unique chance for individuals and teams to get their ideas and projects in front of a supportive community and secure financial backing for their visions.
The event aims to foster collaboration, growth, and progress in the blockchain and #cryptocurrency space. Gitcoin’s vibrant ecosystem attracts developers and creators from all corners of the world, creating a diverse and dynamic community united by a shared goal: to Fund What Matters.
With a history of successful rounds, GG18 is expected to be a catalyst for groundbreaking projects that push the boundaries of what’s possible in the decentralized space. The platform enables backers and sponsors to contribute directly to projects they believe in, making a tangible impact on the growth of the #blockchains ecosystem.
As the application date draws near, the Gitcoin team is working diligently to provide aspiring participants with all the necessary information and guidance to ensure a smooth and successful process. Be on the lookout for additional details and resources to make the most of this opportunity.
Gitcoin Grants represents more than just a fundraising mechanism; it embodies the spirit of collaboration and community-driven development. It brings together like-minded individuals and organizations, fostering connections that go beyond financial support.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6

#FDUSD Over the past few months, the hype around artificial intelligence has been gaining momentum. Smart bots have already been credited with superpowers: from writing books, paintings and music to making trade deals on stock, trading and #cryptocurrency exchanges. Is this so, we asked Gleb Jout, head of the Bitget #crypto exchange in the CIS.
The creation of ChatGPT and its copies started a new era of artificial intelligence, which, of course, provides the execution of process functions. For example, smart bots collect and analyze a large amount of information, take short and long notes, and look for data that is open in sources. Does this mean that AI is completely replacing human intelligence?
Certainly not! For some reason, many traders believe that the same ChatGPT is nothing more than a magic “big money” button. Guys, slow down. Artificial intelligence will help you analyze the market, but will it be able to place orders correctly or create an effective anti-risk strategy? No, definitely not.
Is it worth it in this case to abandon modern technologies altogether? I wouldn't recommend it. The trader's task is precisely to combine his own experience and knowledge with the latest technological developments to get more profit. Therefore, AI tools can be applied if:
1. It is necessary to collect market analytics for a certain period. ChatGPT will do just fine with this task. It is enough to formulate a task for the AI assistant, and the program itself will collect data from open sources.
2. Automate trading. Trading AI bots allow you to perform all trading operations without human intervention according to predetermined parameters. The main advantage is that the robot is able to complete transactions in a fraction of a second, when the rate of a particular coin reaches the set price. A trader does not need to constantly be in front of a computer monitor.
3. Ready bots for copy trading. Such solutions allow a quick copy of the trades of successful traders and making a profit without a deep understanding of the market. The copy trading feature is available on many centralized exchanges, including Bitget.
4. AI strategies for grid trading. Grid trading is a fairly complex trading strategy, especially for beginners. It is suitable for a volatile market without a clear bullish or bearish trend and relies on identifying patterns in a large array of historical data. The user places pending orders to buy and sell in a certain price range. When the value of an asset fluctuates greatly, orders are filled and it makes a profit. The use of AI just allows you to identify these patterns based on historical market data. Let me remind that Bitget launched AI strategies for grid trading back in early July.
5. Martingale trading strategy with AI. Another use case for artificial intelligence is its integration into the Martingale strategy. Initially, it was used in gambling, so it is quite risky. Traders set risk appetite and investment frequency based on parameters recommended by AI from Bitget. Parameters are calculated based on historical market prices and asset fluctuations using Bitget's internal algorithms, providing traders with reliable investment advice.
In general, the use of AI can really make a trader's job easier, but don't forget about the risks that few people talk about. Let's look into them.
Analyze and analyze again. No AI tool will give you a clear answer whether to make a deal or not. Such services will only help to collect information, but the decision is always yours. Therefore, you should not blindly trust artificial intelligence and enter a trade with all the money you have, because ChatGPT said so.
Don't forget the risks. Modern trading bots have not yet learned how to effectively predict and minimize risks, so it is still worth learning risk management and properly organizing an anti-risk strategy.#MultiChain #BinanceTournament

#FDUSD Fellow Binancians,
Binance will open trading for the ASR/TRY, ATM/TRY, ACM/TRY, $BAR /TRY, $JUV /TRY and $PSG /TRY trading pairs at 2023-08-10 08:00 (UTC).
Start Trading on #Binance Spot Now!
Notes:
TRY is a fiat currency and does not represent any other digital currencies.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#MultiChain #Worldcoin #BinanceTournament

#FDUSD An address that participated in Ethereum's initial coin offering woke up and moved coins for the first time in eight years — transferring out 641 ether, worth nearly $1.2 million.
On-chain analytics #Twitter account Lookonchain noted that the address moved the ether in order to stake it.
More than 2,922 days ago, the address in question received exactly 2,000 ether from Ethereum's genesis at a price of roughly $0.31 per coin. That total amount is worth more than $3.72 million today.
This is not the first time this summer that Ethereum ICO participants have made moves after a long period of inactivity.
Earlier this month, an Ethereum ICO participant transferred 61,216 #ETH — worth over $116 million at the time — to Kraken. That followed a similar transfer of $15 million in May and a significantly smaller transfer in April.#MultiChain
#WLD

#GOATMoments Bitcoin’s been on a seesaw ride for the past month, swinging between $31,500 and $29,650. These levels have proven to be significant with Bitcoin’s price smacking into and bouncing back from both these levels three times. Even more intriguing? We’re seeing a ‘megaphone’ pattern emerge in this tug of war—a hint of growing volatility and a potential trend reversal. So, are you planning to buy the dip or wait for more discounted prices? Check out Bitcoin price analysis to create a more technical viewpoint.
Also read: Bitcoin Long-Term Holders Reach ATH, Is The Time For Quick Gains Over?
Bitcoin Price Daily Chart
The Bitcoin price, currently confined within a narrow range, requires a breakout opportunity to reestablish a directional trend.If a breakout occurs above $31,500, it could trigger a surge in the coin’s price, potentially resulting in a 4.5% increase.The intraday trading volume in Bitcoin is $10.5 Billion, indicating a 35% gain.
Tradingview
Bitcoin’s price action has entered a consolidation phase, trapped sideways after an impressive 21% surge in the last 15 days of June.
For almost 31 days, it has been hovering within a defined range, with $29,642 and $31,498 acting as the lower and upper bands respectively. This period of consolidation has bottled up significant momentum, potentially setting the stage for a sudden price shift upon breakout.
Currently, Bitcoin trades at $29,893 close to the support with signs of lower price rejection.
Moreover, an analysis of the closing price of each swing within the consolidation phase reveals a pattern of higher highs. Interestingly, similar observations can be made when examining the closing price of each bearish candle near the support band.
From these observations, it is evident that Bitcoin’s price action has formed a ‘megaphone’ pattern.
Will Bitcoin Crash After This Sideways #Trend ?
The Megaphone pattern projects increased uncertainty and volatility, hinting at a potential trend reversal. In essence, it forecasts a possible bearish reversal in Bitcoin prices. However, the lower price rejection in Bitcoin prices suggests a potential bullish revival. This could lead to a new swing high within the consolidation phase, or possibly even a bullish breakout.
If a bullish breakout does occur, Bitcoin prices could reach a high of $32,957, based on range breakout projections. Conversely, should prices fail to sustain above the $29,642 mark, Bitcoin could fall as low as $27,925.
EMAs: The #bitcoin prices, supported at the 50-day EMA, hint at a high likelihood of a bullish reversal due to the emergence of a Morning Star pattern. Furthermore, in the critical view of the daily chart, the 200, 100, 50, and 20 EMA align in a bullish formation.Relative Strength Index: The RSI line indicates a bearish divergence during the consolidation phase. However, it finds support at the central line, suggesting a potential upside reversal.#BRC20 #MultiChain

#FDUSD CNBC has reported that the US securities regulator is now expected to deliver its ruling on whether or not it will permit Ark run by Cathie Wood to launch its spot Bitcoin exchange-traded fund by August 13 – less than a week from now.
Several other funds that have filed for launching a similar product are BlackRock, VenEck, Bitwise, etc.
The application of Cathie Wood’s company was first published in the middle of May and the SEC told them to wait until August 13 straight away. Still, the regulator has the power to prolong the deadline for 240 days maximum, in this particular case the maximum possible date is January 10, 2024, and until March for other funds that applied for launching their spot Bitcoin ETFs after BlackRock.
BlackRock initially filed its request on 19 July and the SEC can push the making of the decision as far as March 16 next year. The same goes for Fidelity.
The expectations of the financial community as to whether any spot Bitcoin ETF would be approved any time soon have divided. Many in the #crypto and financial communities reckon that now is the right time for this, others remain skeptical and believe that the SEC boss Gensler is opposed to Bitcoin spot ETFs.
However, the regulator has already approved many #bitcoin futures ETFs by now.#MultiChain #Worldcoin

#FDUSD Bitcoin Cash was one of Monday’s biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global #crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point.
Bitcoin Cash (BCH)
#bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of $242.29 earlier in today’s session, following an earlier low of $219.27.
The move came after BCH briefly broke out of a support point at $220.00, with traders swooping in to buy the dip.
BCH/USD – Daily Chart
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling at 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that $BCH could move towards $260.00.
Stellar (XLM)
Additionally, stellar (XLM) was another token in the green on Monday, as it continued to move away from a floor of $0.1345.
Following a low at $0.1380 on Sunday, XLM/USD rallied to an intraday high of $0.1431 earlier in the day.
XLM/USD – Daily Chart
This is the third straight session that stellar has traded higher, and comes despite a recent downward crossover of moving averages (MA).
As can be seen from the chart, the 10-day (red) MA moved below its 25-day (blue) counterpart, which is typically a bearish signal.
Even though momentum has shown signs of weakness, $XLM bulls will likely continue to target exits at a ceiling of $0.1600.
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Are there any fundamentals behind stellar’s rally? Let us know your thoughts in the comments.#Worldcoin #MultiChain