📈 Bitcoin bounces back: A strong comeback despite uncertainties!
📈 Bitcoin bounces back: A strong comeback despite uncertainties!
Welcome to the Daily Tribune Wednesday, September 11, 2024 ☕️
Hello Cointribe! 🚀
Today is Wednesday, September 11, 2024, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
🕵️ Monero: Transactions have been traceable since 2021!
Monero (XMR) transactions, known for their privacy, could be traceable since 2021. A video, quickly removed, shows how Chainalysis uses malicious nodes to capture sensitive data such as IP addresses and user timestamps. By combining this information with fake inputs, Chainalysis can reduce the anonymity of certain Monero transactions, questioning the total privacy promise of this cryptocurrency. The news has raised concerns within the community, although Monero remains considered one of the most private cryptos. 🔗 Read the full article here.
💼 Web3: 86% of pros believe in crypto!
A report from Consensys reveals that 86% of Web3 professionals remain optimistic about the future of crypto, despite regulatory uncertainty. Motivated by values of decentralization, innovation, and freedom, 75% of employees are loyal to the industry beyond financial benefits. The study shows a disconnect between compensation and preferences: 67% receive their salary in fiat currency, but 51% prefer a mix with cryptos. In tune with the blockchain spirit, 77% of Web3 workers operate remotely, adopting a digital nomad lifestyle. This enthusiasm, despite challenges, suggests a promising future for Web3. 🔗 Read the full article here.
🚀 Dogecoin explodes: Elon Musk revives meme fever!
Dogecoin (DOGE) is experiencing a sudden explosion in popularity following a tweet from Elon Musk mentioning the "Department of Government Efficiency" (DOGE). This simple message sparked massive enthusiasm, propelling the token among the most discussed and leading to a general 8% increase in the meme coins sector. Technically, DOGE shows a 6% increase, with potential for further gains if certain resistances are broken. Dogecoin is at a crucial point, supported by investor excitement and favorable technical indicators. 🔗 Read the full article here.
📈 Bitcoin regains strength after recent drops!
Bitcoin finds strength after a marked decline in early September, with a rebound to $57,225, supported by favorable global economic outlooks and a possible slowdown in inflation in the United States. The recovery extends to other major cryptos like Ethereum and Binance Coin, which also showed significant gains. However, uncertainties persist with US elections on the horizon and geopolitical tensions that could influence markets. While the potential weakening of the dollar is seen as a lever for Bitcoin, competition with traditional assets remains a challenge. Bitcoin is at a crossroads, supported by positive expectations, but facing economic and political hurdles. 🔗 Read the full article here.
Crypto of the Day: Internet Computer (ICP)
Internet Computer (ICP) stands out for its blockchain innovation aimed at transforming the current internet infrastructure into a public decentralized platform capable of hosting software and services transparently. Its added value lies in reducing dependence on centralized systems and large cloud servers.
The native cryptocurrency, ICP, primarily serves to reward users for the computation performed on the network and to participate in governance through staking. It was initially distributed via an airdrop and public and private sales, offering holders advantages such as voting rights and participation rewards. ICP can be used to pay for computation fees and to interact directly with the decentralized services hosted on the blockchain.
Recent performance
Current price: €7.99
Percentage increase/decrease: +10.81% (increase over 1 day)
Market capitalization: €3,751,624,830
Rank on CoinMarketCap: #21
Crypto: Solana in Consolidation Phase - Technical Analysis from September 11, 2024
After a notable rebound following the recovery of the crypto market, Solana (SOL) has again returned to its key support around $120. Despite a 48% rise that propelled it to $164, this level acted as resistance, leading to another drop towards $120. Currently, the price hovers around $135, and buying interest seems to emerge at this level, suggesting a possible bullish reversal in the short term. However, the medium and long-term bullish trend remains fragile, as evidenced by Solana's positioning below its 50 and 200-day moving averages, and the formation of a "death cross". The oscillators indicate weakened momentum, despite a slight recent rebound.
On the derivatives side, open interest and funding rates show a predominance of short positions, although Solana's recent increases are associated with positive funding and a slight increase in CVD. Identified liquidation zones reveal critical levels for investors, with significant zones above and below the current price. If Solana maintains its support at $120, a progression towards $164 then potentially $190 could materialize. Conversely, a break of this support could lead to a drop towards $110, or even $86. The evolution of the price will depend on its ability to navigate these key levels and the market's reaction to price fluctuations.
🔗 Read the full analysis here.
