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Exploring Cryptocurrency and Psychological Behavior

In the cryptocurrency space, people tend to follow the crowd, especially during price surges, leading to a herd mentality of buying based on others’ actions rather than fundamentals. Beyond the charts and algorithms lie the intricate workings of the human mind, shaping the ebb and flow of digital currencies . This article delves into the fascinating interplay between cryptocurrency and psychological behavior, shedding light on the emotions and cognitive biases that drive market movements. Fear of missing out and Fear of losing out At the heart of cryptocurrency trading lies many emotions, ranging from euphoria to despair. The fear of missing out (FOMO) often compels investors to jump on the bandwagon of trending coins, driven by the fear of being left behind as prices soar. Conversely, the fear of losing out (FOLO) can lead to panic selling at the slightest hint of a downturn, amplifying market volatility. Greed, another potent force in the crypto sphere, can cloud judgment and fuel
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Ripple: XRP to Hit $1.4: Here's When

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Ripple is one of the most talked-about tokens in the cryptocurrency market. XRP is currently experiencing a gradual price uptick. With new revelations being revealed concerning its case with the SEC, the price of XRP is now under strict scrutiny.  The current price scrutiny is compelling notable analysts to make relevant price predictions for XRP. Despite adapting to a slower pace this bull season, XRP may soon hit the $1 road as community sentiments towards the token remain strong and healthy.  Also Read: Halving Jitters: Can Ripple XRP Hit $0.75 By This Weekend? Ripple $1.4 Journey: When Can XRP Breach $1 Mark?  Source – Siam Per Egrag Crypto, a notable cryptocurrency analyst on X, took to X to share XRP’s current candlestick chart. The chart shows the token forming a “double bottom pattern,” signaling bullish trading momentum.  In trading analogy, a double bottom pattern refers to a reversal pattern that is bullish. It occurs at the bottom of a downtrend and po
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Hedera (HBAR) price prediction as confusion hits over BlackRock’s tokenized fund

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The price of Hedera (HBAR) has surged dramatically in the short term, at one point experiencing triple-digit gains within the last 24 hours amidst alleged connections to the world’s largest investment firm, BlackRock (NYSE: BLK). The frenzy began when Hedera announced the token ization of BlackRock’s ICS U.S. Treasury money market fund in partnership with Archax and Ownera. However, despite Hedera’s announcement, some supporters misinterpreted the situation, believing that BlackRock had chosen Hedera to token ize its fund directly. The misunderstanding reached a fever pitch when the HBAR Foundation, the organization overseeing the Hedera network, shared an X (formerly Twitter) post that implied a direct partnership between BlackRock with a video fuelling further speculation, suggesting that the investment giant was actively involved in the venture. Picks for you Meta spends $8m lobbying as Congress passes TikTok ban 43 seconds ago Dogecoin set for potential surge a
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Cryptocurrency: Trader Turns $110K to $8.7 Million in 3 Hours

In the crypto -verse wealth can materialize or vanish in an instant. MANEKI, a prominent token has been gaining global attention. It has become the latest protagonist in this unpredictable narrative. Amidst this frenzy, a trader emerges as the hero of the hour. The trader transformed a modest investment into a staggering fortune within hours. Armed with $110K and an astute eye for opportunity, a daring trader seized the moment with MANEKI. it showcases strategic prowess in navigating cryptocurrency ’s volatile waters. This particular trader’s journey culminates in a breathtaking $8.72 million windfall within a mere three hours. What distinguishes this trader is not just the magnitude of the latest success. Apart from this, the methodical approach they undertake certainly stands out. MANEKI’s price went on to surge right after the trade. However, the trader’s impeccable timing as well as precision came in handy. Riding the Rollercoaster of Cryptocurrency Fortunes This trade
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What does Avraham Eisenberg’s ‘code is law’ defense mean for DeFi?

As the trial of Avraham Eisenberg gets underway in the US, the legal credibility of decentralized finance (DeFi) as an autonomous financial system is at stake. Eisenberg is accused of fraud after extracting around $112 million from the Mango Markets protocol in 2022. The implications of the case are very different from the trial of Sam Bankman-Fried, which didn’t set any new precedents; fraud and money laundering are always illegal. Yesterday, during opening statements, Eisenberg’s lawyer argued that Mango Markets worked as designed and that Eisenberg simply “ executed a winning trading strategy .” This argument is often made in the wake of DeFi exploits and boils down to the controversial idea that ‘code is law.’ The defense points to the automatic liquidation system as evidence that users do not need to commit to paying back loans that are taken out on the platform. This argument implies that losses were instead caused by the platforms’ poor risk management, allowing the use
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Short alert: Dogecoin could drop below $0.05

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The protracted – and significant – crypto bull market, started in earnest in October 2023 with a major Bitcoin (BTC) rally, has already seen multiple meme coins, old and new, surge to new highs or, at least, strive to reclaim their previous highs. The climate brought forth a string of predictions that Dogecoin (DOGE), the oldest meme coin in existence, is about to rise toward and beyond $1. One crypto expert, known as Credible Crypto on YouTube and CrediBULL Crypto on X, only partially agrees with the bullish expectations and has, in fact, recently shared his strategy for shorting DOGE. Picks for you Ripple v. SEC court case update as of April 23, 2024 19 mins ago DODOchain pioneers an Omni Trading Layer3 blockchain fueled by Arbitrum and AltLayer 19 hours ago When is the next Bitcoin halving? 19 hours ago Has a 1% tax on Bitcoin holders been proposed by a U.S. Senator? 20 hours ago Indeed, the expert believes that Dogecoin is yet to prove an
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A New Era in AI with The Superintelligence Alliance

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In an unprecedented move, Fetch.ai , SingularityNET , and Ocean Protocol have announced their merger to form the Super intelligence Alliance , heralding a new era in decentralised artificial intelligence (AI). This groundbreaking alliance aims to accelerate the development of Artificial General Intelligence (AGI) and Artificial Super intelligence (ASI) , ensuring that the monumental benefits of such technologies are decentralised and accessible to all. We are excited to announce a multi-billion token merger with @Fetch_ai and @oceanprotocol to create the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network, and accelerate the race to AGI. Learn more: https://t.co/zT8Q1HbkEv pic.twitter.com/2U3VbeFfW5 — SingularityNET (@SingularityNET) March 27, 2024 The Formation of the Superintelligence Alliance The alliance merges the tokens of the three organisations into a single AI token, the Artificial Super intelligence token ($ASI)
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Why Central Banks Are Aggressively Acquiring Gold?

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Gold prices have lately been skyrocketing to new highs, breaching past $2,300 in a new record milestone. The GOLD price spree has been spurred by the leading central banks around the world and their quest to stock GOLD as their latest obsession.  Banks usually purchase gold to diversify their assets and to hedge against volatile market conditions, but why are banks around the world stockpiling gold as if there’s no tomorrow? Also Read: US Economy Notes Significant Rise in Gold, Silver & Copper Prices Reserve Banks Around the World Are Relentlessly Buying Gold: What’s Happening? Source: Watcher.uru Gold is now breaching a new price milestone. The yellow metal is currently trading at $2,386 an ounce, with GOLD futures sitting at $2,374. Gold has been dubbed one of the best-performing assets this year, leading global economies to make active purchases by painting their reserves yellow with GOLD .  However, according to the Kobeissi Letter handle on X, these “obs
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Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure?

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Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,850 support zone. Ethereum Price Consolidates Ethereum price attempted another recovery wave and remained stable above the $3,000 level. However, the bears defended the $3,100 resistance zone, like Bitcoin. There was another decline below $3,000. The price even spiked below the $2,900 support. A low was formed at $2,867 and the price is now recovering losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,278 swing high to the $2,867
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Cronos unveils its Spring Odyssey campaign powered by Galxe

Cronos, a prominent layer-1 blockchain, has announced its integration with the community-building platform Galxe, according to the information shared with Finbold on April 22.  The integration comes with Cronos’ Spring Odyssey campaign set to reward users with a whopping $35,000 in prizes. The campaign kicks off on April 22nd and will run for six weeks, concluding on May 31st. Picks for you Google Gemini predicts Gold price for the end of 2024 19 mins ago SHIB raises $12 million via TREAT to develop new privacy-focused Layer 3 blockchain 1 hour ago Bitcoin shatters halving theory; This is when BTC will peak 1 hour ago US economist explains why Bitcoin is a ‘failure’ 1 hour ago campaign ">The Spring Odyssey campaign The Spring Odyssey campaign marks Cronos’ first major initiative with Galxe.  Thirty projects have eagerly signed up to participate, covering a wide range of areas including decentralized finance (DeFi), non-fungible tok
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Buy signal for two strong cryptocurrencies this week

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The crypto currency market is heating up after a week of uncertainties and significant losses. Amid a potential recovery, two cryptocurrencies stand out with notable strong momentum. Finbold recurred to the Relative Strength Index (RSI) heatmap from CoinGlass on April 21 to spot potential buy signals.  Overall, the average weekly RSI shows a neutral-50 landscape that could lead these assets in any direction. On the other hand, the average daily RSI navigates below 50 index points as a result of last week’s turmoil. Picks for you In retrospective: Gold’s new all-time high against the dollar 34 mins ago Traders capitulate for one-month millionaire losses with AI crypto 2 hours ago Buy signal? XRP set for explosive price action after consolidation 19 hours ago Long-term vision: Parents invest in crypto for their children’s future 19 hours ago However, according to this technical indicator, two cryptocurrencies—Jito (JTO) and Ontology Gas (ONG)—
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Here’s why you should closely watch these 3 cryptocurrencies

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The broader cryptocurrency market has shed the short-term gains experienced leading up to the Bitcoin (BTC) halving event. Following the completion of the bullish event, the markets have failed to react positively, with analysts attributing it to the post-halving retracement. Against this backdrop and prevailing market sentiment, Finbold has identified three cryptocurrencies worth watching in the coming week despite the predominantly red market. Bitcoin (BTC) One of the primary reasons for interest in Bitcoin is its recent halving event and how the price will evolve. Since the event, Bitcoin has experienced a correction, slipping below the $65,000 mark. Initial optimism revolved around Bitcoin’s potential to establish gains above $65,000. However, the post-halving correction has tempered these expectations and raised questions about the cryptocurrency’s short-term outlook. Picks for you Bitcoin halving racks up record $2.4 million fees as Runes Protocol launches 19 mi
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Shiba Inu: Monthly Investment of $10 Turns Into $15 Million

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Shiba Inu, since its inception, has been dubbed a meme coin, while several investors doubted its potential to deliver stunning returns. However, in a turn of events, Shiba Inu turned out to be one of the biggest crypto tokens of all time, disseminating millions to those who expressed their unwavering faith in SHIB’s future price trajectory. Also Read: Shiba Inu Forecasted To Reach 9 Cents: Here’s When Shiba Inu: A Millionaire Maker Source: Pixabay According to the Dollar Cost Averaging Index, a monthly investment of a modest $10 made in August 2020 would’ve fetched investors rewards up to $15 million in 2024. In simpler terms, a meager investment of $450 committed by an investor for three years would have disseminated stunning returns, nearly distributing $15.6 million, per the DCA calculator.  In less than four years, Shiba Inu grew exponentially, roughly dispersing profits higher than 3 million percent. Also Read: Shiba Inu Forecasted To Hit $0.0003: Here’s When
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