The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-12-03 03:05:16.

The original post: /r/cryptocurrency by /u/StockHodI on 2024-12-03 02:35:57.

Original Analysis

Long hold [6-8 weeks]

Hey everyone! Here’s a follow-up to my earlier analysis on ZRX/USDT. Let’s dive into how the price action and indicators have evolved since the last update and what might be ahead for ZRX in the coming weeks.

Price Action & Moving Averages (Daily)

• Current Price: $0.6207, up 0.65% today.
• Key MAs:
  • MA7: $0.5876
  • MA25: $0.4668
  • MA99: $0.3522

Analysis:

The price has seen a strong upward push and is trading well above all the major moving averages on the daily chart. This signals robust bullish momentum across short, medium, and long time frames. All three MAs should now act as support levels if we see any retracements.

Weekly Overview

• Current Price: $0.6210, up 4.49% this week.
• Key MAs (Weekly):
  • MA7: $0.4377
  • MA25: $0.3567
  • MA99: $0.3445

Analysis:

The weekly chart shows the price continuing its climb, breaking through critical resistance zones established earlier this year. The bullish trend remains intact, with the price firmly above the moving averages, especially the short-term MA7.

RSI (Relative Strength Index)

• Daily RSI:
  • RSI(6): 73.67 (Overbought territory)
• Weekly RSI:
  • RSI(8): 79.17
  • RSI(14): 66.57

Analysis:

The RSI on the daily chart is now above 70, indicating overbought conditions and a possible short-term pullback. However, the weekly RSI remains in bullish territory without being overly extended. This suggests strong momentum, though a cooling-off period may be on the horizon.

MACD (Moving Average Convergence Divergence)

• Daily MACD:
  • MACD Line: 0.0643
  • Signal Line: 0.0812
  • Histogram: 0.0169
• Weekly MACD:
  • MACD Line: 0.0119
  • Signal Line: 0.0231
  • Histogram: 0.0112

Analysis:

The daily MACD shows the histogram starting to flatten slightly, which could hint at momentum cooling. Meanwhile, on the weekly chart, the MACD continues its upward trajectory, confirming the bullish trend remains intact for now.

Volume

• Daily Volume: Steady increase, reflecting growing buying interest.
• Weekly Volume: Positive and significantly higher compared to previous weeks.

Analysis:

Volume remains supportive of the price action, which is a good confirmation of a genuine move. Sustained volume at these levels is a positive sign for further continuation.

Key Levels to Watch

1. Support:
   • Daily: $0.5876 (MA7), $0.4668 (MA25)
   • Weekly: $0.4377 (MA7), $0.3567 (MA25)
2. Resistance:
   • Daily: $0.6337 (recent high)
   • Weekly: $0.7500 (major resistance from early 2023 highs)

Conclusion

The bullish trend in ZRX/USDT continues to strengthen. Both the daily and weekly charts reflect solid momentum supported by price action, RSI, and MACD. However, the daily RSI entering overbought territory and a flattening histogram on the MACD hint at a potential short-term pullback before another leg higher.

Outlook:

• Bullish in the medium term, with targets around $0.85–$0.95.
• Caution: A short-term correction is likely if RSI and MACD on the daily chart weaken further.

The original post: /r/cryptocurrency by /u/TekRabbit on 2024-12-03 02:26:31.

In 2021, it hit an all-time high of around 0.23 after a big buildup and strong momentum throughout the cycle. This time, the growth is happening at a slower pace, starting from 0.02 and recently climbing to 0.06, showing signs of steady progress. It seems like it’s starting to pick up steam, but it hasn’t hit full speed yet. Once the cycle gets into full swing and momentum really kicks in, a lot of people expect it could climb back to previous highs or even surpass them as things fully take off again, but I’m always skeptical of copium.

Any thoughts from the folks in this community?

The original post: /r/cryptocurrency by /u/friendofanimals on 2024-12-03 01:57:10.

I get it, Moodeng is huge and was parodied on SNL. Attention = market cap in memes. Doge and Pepe.. those memes are everywhere.

Even “Mustard” to some degree hit public consciousness and brands sharing it.

But there is a meme called $space, parodying “Holding Space” which is literally all over tiktok and ig and shared by every brand, and it’s like not even a $1m mc. While the dog wif or pnut are things normal people aren’t even aware of.

Odd. Feels like market caps are set by a group on influencers, not anything else sometimes.

The original post: /r/cryptocurrency by /u/gigabyteIO on 2024-12-03 01:54:21.

https://preview.redd.it/183vejcahj4e1.jpg?width=1066&format=pjpg&auto=webp&s=79950faa61c70c7d330e03ca7d0a6b5680759654

Cryptocurrencies transact in terms of smallest recordable units. These are their non-divisible base units, and represent the total finite supply. In layman's terms: one can not send or sell 1/2 Satoshi, or any other chains coin smallest unit to another party.

The true rarity of a currency is based on these non-divisible base units. The table is showing apples for apples supply in order of rarity, once decimal places are adjusted (blue highlighted column).

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-03 01:31:50.

The original post: /r/cryptocurrency by /u/Abdeliq on 2024-12-03 01:23:01.

The original post: /r/cryptocurrency by /u/DangerHighVoltage111 on 2024-12-03 01:18:38.

The original post: /r/cryptocurrency by /u/Mr_Hodlerr on 2024-12-03 01:05:54.

I kept my crypto portfolio simple and stress-free, focusing on just four coins: BTC, ETH, XRP, and SOL. By sticking to this straightforward strategy and being patient, I avoided the noise and let the market work its magic. Looking back, I am up an incredible 2,500%! It’s amazing to think how a simple, no-frills approach turned out to be such a huge success. This experience has shown me that sometimes, less is more when it comes to investing.

Details and chart of my portfolio

The original post: /r/cryptocurrency by /u/lamensterms on 2024-12-03 00:50:24.

The original post: /r/cryptocurrency by /u/GreedVault on 2024-12-03 00:40:22.

The original post: /r/cryptocurrency by /u/CryptoDaily- on 2024-12-03 00:00:23.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

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The original post: /r/cryptocurrency by /u/Hbarf on 2024-12-02 23:59:32.

There are a lot of great projects here, I know Hbar posts here basically guaranteen a ban so I'll be pretty positive in regards to those other projects. ADA, XRP, ALGO and other utility tokens are alI working closely with Hedera and are all going to coexist in the same space, no coins will destroy destroy each other for dominance, so why is Hedera so disliked in this sub?

A few points in why it's one of the more promising projects, it's no more centralized than any other token, has the highest throughput, finality, energy efficiency and lastly governance which is what the scam riddled crypto world needs right now.

Also yes my username is Hbarf so I'm biased.

Edit: it's great to see that the sentiment is changing in this sub. Here's to great gains no matter what you hold in 2024/2025

The original post: /r/cryptocurrency by /u/GabeSter on 2024-12-02 23:53:49.

On the XRP sub and other places filled with XRP Maxis, people are saying XRP is going to hit $100 as if it's a very real and very feasible target for the community. Let's talk about what exactly that would look like. XRP has a circulating supply of 57B. At a price of $100 each that would put the marketcap of XRP at $5.7T. OVER 3X the current marketcap of BTC, and this doesn't even consider the inevitable increase in circulating supply as time passes.

Look I get it, it's fun to dream about 25x (or 250x gains for people talking about XRP to $1,000 - I'm dead serious people are talking about this) but don't let those dreams cause you to make bad investment decisions.

You want to know what other community was talking about having a $5.9T marketcap in 2021? In 2021 Shiba Inu to $.01 was all the rage as people swore that it was a realistic and feasible target for the meme token and many made terrible investment decisions as a result swearing that Shiba Inu was going to hit $.01. Looking at Shiba Inu now it's.... not even close to it's 2021 ATH, and lets be clear will never hit $.01.

You're welcome to dream about crazy crypto profits but don't make bad investment decisions because of those crazy dreams.

The original post: /r/cryptocurrency by /u/Odd-Radio-8500 on 2024-12-02 23:38:03.

The original post: /r/cryptocurrency by /u/111ascendedmaster on 2024-12-02 23:37:25.

XRP is 100% riding a giant wave of red on only fact alone: the chairman of the SEC stepped down. Beyond that, you have the inkling that trump "might" pick him as an advisor. Everything else is smoke and influencers. This is very dangerous thinking. Why? If trump doesn't even use the CEO of ripple, it's going to drop, and drop fast. XRP is not the only currency thar is fast with low fees, it's just one that gets the most attention along with stellar. I won't mention the others since this post isn't about that.

Alternatively, f' it. We're all gamblers till of these one of these cryptos is used as a real currency. Gamble on, just realize what you are doing. I really just want this rally to simmer down to earth a bit so it doesn't crash the entire crypto market.

The original post: /r/cryptocurrency by /u/sagy1989 on 2024-12-02 23:18:05.

free or paid (better free) , telegram or youtube or whatever , that gives recommendation and good analysis of what coin to buy and sell ?

better also if it sets targets for every buy / sell recommendation.

but i am asking about a channel to be good even in the normal market days , because in the current market they are the same and most of the expectations getting fulfilled because of the rising market.

better if you tried it yourself for longtime

i am in the market for several years and i didn't find an analyst to trust and follow

The original post: /r/cryptocurrency by /u/Fabiolaaranda on 2024-12-02 22:57:15.

I'm looking to convert my BTC, roughly 0.4 to altcoin due to I think alt-season is ready to moon, but I'd like to avoid using CEX, I'm scared bc I red a lot of story that binance block funds, so I'm looking for some decentralized exchange.

However I've heard bad stories about ChangeNOW, Changelly, and FixFloat. on reddit is full of posts where people accuse them of being scams or having funds locked.

I’d like to avoid this problem since I have a decent amount I want to swap. Could someone recommend the best decentralized exchange, without KYC, and maybe explain why?

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-02 22:18:15.

The original post: /r/cryptocurrency by /u/Bear-Bull-Pig on 2024-12-02 22:15:36.

The original post: /r/cryptocurrency by /u/sleepyokapi on 2024-12-02 22:09:15.

Some believe that regulations and "transparency" are beneficial.

The reality is quite the opposite.

Requiring stablecoin reserves to be maintained within an EU-based financial institution is far from transparent. Worse still, it effectively hands control of these coins to traditional financial institutions. Given that much of crypto trading relies on stablecoins, this move essentially returns control of the entire ecosystem to these entities—the very antithesis of what cryptocurrencies were designed to achieve.

For governments, this is a godsend. All the fiat currency that crypto buyers have invested now falls under their control. They can use it to bolster their treasuries or allocate it as they see fit. They will control the reserves, reap the interest, and dictate terms. In doing so, they could even manipulate or crash the crypto markets if it serves their interests.

The original post: /r/cryptocurrency by /u/yode8 on 2024-12-02 22:01:13.

The original post: /r/cryptocurrency by /u/Archipelag0h on 2024-12-02 20:18:47.

Announcing last week, Nervos is working on bringing its layer 2 protocol RGB++ to Dogecoin. With initial plans for a memecoin launchpad built on DOGE. Bringing with it the possibilities associated with DOGE now being connected to Bitcoin through RGB++

RGB++ has been receiving a lot of interest recently from both the Bitcoin and Asian crypto communities after having first being built for Bitcoin and its very novel approach of 'Isomorphic binding' which requires no actual bridge to the other chain but rather, mapping 2 chains along side each other.

Quote from recent Techflow article:

It is reported that RGB++ will support the $Doge chain in the next step, and will launch the Meme launchpad on the Doge chain after the launch of BTC Meme launchpad. At the same time, he also said that the lightning network is the strategic direction of CKB's long-term layout, which will greatly increase the competitive advantage of the RGB++ protocol. It is worth noting that at present, many teams are not only focusing on the development of the protocol itself, but also promoting the compatibility of their protocols with lightning networks, such as Taproot Assets and RGB. Up to now, RGB++ ecological Meme leading coin SEAL has risen by 50% in 24 hours, and CKB has risen by 12%.

INTRODUCTION TO RGB++

RGB++ is an extension protocol based on RGB, utilizing single-use seals and client-side validation technology to manage state changes and transaction verification. It maps UTXOs to Nervos CKB Cells via isomorphic bindings and uses script constraints on the CKB and the other chain to verify the correctness of state computation and the validity of ownership changes.

RGB++ addresses the technical challenges faced by the original RGB protocol in practical implementation and provides more possibilities, such as blockchain-enhanced client validation, transaction folding, shared states with ownerless contracts, and non-interactive transfers. It brings Turing-complete contract extensions and performance enhancements to other UTXO chains without the need for cross-chain transfers or compromising security.

RESOURCES

Announcement post - https://x.com/crypcipher/status/1860500524820496595

Lead developer - https://x.com/crypcipher

RGB++ white paper - https://talk.nervos.org/t/rgb-protocol-light-paper-translation/7790

Nervos network - https://x.com/nervosnetwork

UTXO Stack - https://x.com/UTXOStack

____________________________________________________________________________________________

👉 TLDR: Nervos network has recently announced they are working on creating a layer 2 on DOGE using their protocol RGB++ 

The original post: /r/cryptocurrency by /u/sadiq_238 on 2024-12-02 18:06:46.

The original post: /r/cryptocurrency by /u/Bigelito on 2024-12-02 16:41:51.

Can someone please explain market cap? As usual during bull runs, we're seeing wild claims of xxxxxxcoin going 100x anytime soon. A friend of mine is convinced that XRP will surpass BTC this cycle based on what he's seen on tiktok. I don't even believe that's possible relative to market capacity. But I may have an incorrect understanding of market cap. My rational is that BTC with a market cap of $1.9T is 11x the market cap of XRP ($161B). IF (and I still don't believe that it's possible) XRP reaches $1.9T in market cap, would that mean that it's current price would only 11x to about $30 per coin? Writing this, my math doesn't seem right. Can someone please explain?