Looking at the daily chart, the UNUS SED LEO (LEO) price prediction is showing positive signs, and it is likely to accelerate further.
LEO/USD Long-term Trend: Bullish (Daily Chart)
Key levels:
Resistance Levels: $4.20, $4.30, $4.30
Support Levels: $3.80, $3.70, $3.60
LEOUSD – Daily Chart
According to the daily chart, LEO/USD touches the daily high at $3.99. The coin is aiming to cross above the 9-day and 21-day moving averages to create additional gains. Moreover, if the buyers increase the pressure, it is for LEO/USD to touch the resistance level of $4.0.
UNUS SED LEO Price Prediction: LEO Price Sets For the Upside
The UNUS SED LEO price is trading comfortably within the channel as it moves toward the upper boundary of the channel establishing a new bullish signal. At the moment, one could say that the long-term outlook may favor the bulls if the current market value closes above the 9-day and 21-day moving averages. Any further bullish movement near the upper boundary of the channel may locate the resistance levels at $4.20, $4.30, and $4.30.
On the contrary, if the coin decides to face the lower boundary of the channel, any bearish cross below this barrier could lead to declines in the critical support. However, in case LEO drops and touches the low of $3.85 support, then the coin can rely on the long-term support levels at $3.80, $3.70, and $3.60.
LEO/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the UNUS SED LEO price is seen trading around the 9-day moving average at $3.99. However, the bulls may have to push the coin above the 21-day moving average to maintain its bullish movement. Nonetheless, the coin is likely to move sideways before creating additional gains.
LEOUSD – 4-Hour Chart
On the contrary, LEO may take a downward move if the bulls fail to push the price higher, and the coin could breach the lower boundary of the channel, which could reach support at $3.80 and below. Nevertheless, if the bulls find a decent resistance level above the moving averages, the coin may locate the resistance level of $4.20 and above.
LBLOCK/USD is poised for a bullish uptrend, gearing up for a surge towards the 9-day and 21-day moving averages. The ongoing movement is crucial for the coin’s ascent to the resistance level at $0.000032, anticipating an influx of new buyers into the market. However, in the event of a downturn initiated by sellers, there is a potential for the market to reach the support level of $0.000026.
Lucky Block Price Prediction: LBLOCK Could Retreat to Move Higher
The daily chart reveals that the Lucky Block price is currently situated around the 9-day and 21-day moving averages. Should the coin experience a further decline, it presents a favorable opportunity for existing investors to capitalize on the dip, while new buyers may consider entering the market. Notably, the 9-day MA maintains its position above the 21-day MA, but a sustained bearish trend could find support levels at $0.000025, $0.000023, and $0.000021.
On the other side, if buyers successfully maintain the current market value and propel the coin beyond the upper boundary of the channel, it could target the resistance level of $0.000033. A continuation of bullish momentum may encounter resistance at $0.000034, $0.000036, and $0.000038 respectively.
LBLOCK/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, Lucky Block (LBLOCK) is exhibiting a ranging pattern as buyers gear up to enter the market, aiming to surpass both the 9-day and 21-day moving averages. If the bulls regain control, there’s a potential for LBLOCK/USD to reach the resistance level of $0.000030.
LBLOCKUSD – 4-Hour Chart
Furthermore, buyers are poised to drive the price above the moving averages, and additional resistance may be encountered around the upper boundary of the channel at $0.000031 and above. However, a bearish movement below the lower boundary of the channel could trigger support at $0.000027 and below, especially if the 9-day moving average undergoes a bearish cross below the 21-day moving average.
BNB (BNB) Long-Term Analysis: Ranging The price of BNB (BNB) resumes its sideways trend as it holds above the 226 low. The selling pressure has eased after hitting a low of $222. The altcoin is currently correcting upward as BNB achieves a high of $229.20. The upward trend is being met with resistance at the $230 high or the 50-day SMA. The rising movement is shaky due to the Doji candlesticks’ limitations.
On the downside, if the altcoin retraces and breaches the present support level of $222, the selling pressure will resume. BNB/USD will fall to a low of $203.
BNB/USD – Daily Chart
Technical indicators: Major Resistance Levels – $440, $460, $480 Major Support Levels – $240, $220, $200
BNB (BNB) Indicator Analysis Since November 21, the price bars have remained below the moving average lines as the coin rises. The price of BNB could decrease if the coin is rejected at the 50-day SMA. In general, Doji candlesticks have caused price movement to be static.
What Is the Next Direction for BNB (BNB)? Binance Coin is currently trading in the bearish trend zone as it holds above the 226 low. Since November 29, the rising trend has been met with resistance at the high of $230. There is a tendency for the coin to move even more negatively. On the negative, BNB will first fall to a low of $222 before reaching another low of $212.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
Leading business intelligence firm MicroStrategy has once again flexed its bullish stance on Bitcoin, acquiring a substantial 16,130 tokens on the last day of November. The company invested a staggering $593.3 million at an average price of $36,785 per Bitcoin, marking its most significant purchase since February 2021, when it acquired 19,452 tokens for $1 billion.
With this latest move, MicroStrategy’s Bitcoin holdings now stand at an impressive 174,530 bitcoins, valued at approximately $6.77 billion at the current market price of $38,800.
MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin. As of 11/29/23, @MicroStrategy now hodls 174,530 $BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. $MSTRhttps://t.co/hSEZyzGBsr
The company’s chairman and CEO, Michael Saylor, a prominent Bitcoin advocate, envisions Bitcoin as the future cornerstone of digital assets, expressing plans to continue accumulating the cryptocurrency.
Saylor, known for his bold predictions, stated in August, “I think that the public is beginning to realize that bitcoin is the next bitcoin,” confidently anticipating a tenfold increase followed by another exponential surge.
Image: Bloomberg
MicroStrategy’s unwavering support for Bitcoin aligns with growing optimism around the potential approval of a Bitcoin spot ETF by US regulators. Various analysts, including Standard Chartered, predict that Bitcoin’s price could surpass $100,000 by the end of 2024, more than doubling from its current valuation.
To finance these substantial Bitcoin acquisitions, MicroStrategy has occasionally sold shares. In August and September, the company generated $150 million by selling its class A common stock. The recent filing also disclosed MicroStrategy’s agreement for a potential $750 million sale of its class A common stock.
Interestingly, MicroStrategy’s stock performance has closely mirrored Bitcoin’s price movements, solidifying its position as one of the largest institutional investors in the cryptocurrency. Business Insider reports an outstanding 174.68% surge in the company’s shares this year, outperforming the S&P 500 index, which recorded a 25.32% gain.
MicroStrategy’s strategic moves in the cryptocurrency space continue to make waves, positioning the company as a key player in the evolving landscape of digital assets.
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The Immutable X market has experienced a ranging pattern since approximately June, hovering around the $0.700 price level before stabilizing at the $0.5500 price level in August. Subsequently, bullish momentum emerged towards the end of October, accompanied by a surge in trading volume. This heightened volatility in the bull market led to the breaking of key resistance levels, ultimately propelling the market to the $1.400 price level.
Immutable Market Data
IMX/USD Price Now: $1.3535
IMX/USD Market Cap: $1,736,800,709
IMX/USD Circulating Supply: 1,285,494,242 IMX
IMX/USD Total Supply: 2,000,000,000 IMX
IMX/USD CoinMarketCap Ranking: #39
Key Levels
Resistance: $1.400, $1.450, and $1.500.
Support: $1.200, $1.150, and $1.110
Immutable X Market Forecast: Analyzing the Indicators
As Immutable X reached the $1.400 price level, it entered a period of consolidation, indicating a significant resistance point. Today’s observed 5.6% gain suggests potential bullish activity, with traders exerting pressure around $1.278 in an effort to breach the $1.400 level. Historical data reveals a prior stabilization period around the $1.200 price level from November 12 to November 19, and a similar trend may emerge, securing strong support levels around $1.300 and $1.400. This could potentially propel the market towards the $1.600 price level.
The Relative Strength Index (RSI) indicates a recovery in bullish momentum, rising from 58 to 63, affirming the dominance of bulls over bears. However, a notable concern arises from diminishing trade volume, hinting at potential market indecision among traders. This could lead to a consolidation phase around the $1.400 price level.
IMX/USD 4-Hour Chart Outlook
The current 4-hour trading timeframe is marked by a notable demand and supply standoff. A plus-sign doji pattern is indicative of the ongoing 4-hour trading session, signaling a significant resistance level at the $1.3500 price point. Following the formation of the plus sign doji, two potential scenarios emerge: either the market takes a bearish turn or it consolidates at the present price level to fortify this specific level, paving the way for further bullish momentum.
Shiba Inu continues the consolidation phase as it struggles to make significant movements in the price. SHIB has been stuck in a consolidation phase for several days, with the Bollinger Band indicator indicating price accumulation.
Shiba Inu (SHIB) Significant Zones
Resistance Zones: $0.000001130, $0.000009600
Support Zones: $0.000008070, $0.000007700
In the previous week, the buyers showed their intentions by pushing the price up from the significant level of $0.00000770. However, since then, their momentum has stalled, and the price has remained in a state of consolidation. On the other hand, the sellers have failed to close the gap and exert influence over the market for weeks. Their lack of impact has contributed to the ongoing consolidation in Shiba Inu.
The current market conditions suggest that more crypto investors are needed to cause a significant increase in volatility as the new month unfolds. This presents an opportunity for crypto buyers to prepare for a potential breakout. The Bollinger Band indicator, which indicates price accumulation, suggests that an expansion is expected shortly. This is something that buyers should be prepared for.
Market Expectation
At the moment, the token price appears to be experiencing a lack of impulse from both traders. The market is in a state of equilibrium, with neither the buyers nor the sellers exerting significant influence. As a result, the price remains relatively stagnant. As more investors rush in, it will likely influence a breakout soon.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment results.
Crypto dividends, distinct from airdrops and giveaways, are allocated payments for crypto holders by the project. As the cryptocurrency thrives, its value and associated fees increase, acting as dividends for coin holders. This piece ranks the top dividend-paying cryptocurrencies for 2024 based on market cap, availability, and popularity, providing estimated annual dividend payments for investor insights.
Prime Dividend-Yielding Altcoins and Cryptocurrencies
Explore a curated selection of altcoins poised to deliver exceptional dividends in the upcoming year, promising lucrative returns for investors.
LooksRare (LOOKS)
Key Metrics for LooksRare:
Market Capitalization: $70,400,000
Daily Trading Volume: $2,700,000
Supported Exchanges: 35
Community Size (Twitter Followers): 239,100
Estimated Annual Dividend: 9.0%
LooksRare, a decentralized NFT marketplace launched in early 2022, distinguishes itself with substantial rewards, already distributing over $1 billion. Aiming to surpass OpenSea, it charges only 0.5% on NFT sales, markedly lower than OpenSea’s 2.5%. The platform offers a fee-free period until December 16, 2023, enhancing user engagement. LOOKS, the native token with a capped supply of 1 billion, allocates NFT sale fees to LOOKS stakes, resembling a dividend-like structure. Despite price fluctuations currently, at $0.07 from a peak of nearly $7, LooksRare’s unique dividend approach and competitive fees position it uniquely in the NFT market.
VeChain (VET)
Key Metrics for VeChain:
Market Capitalization: $1,529,343,380
Daily Trading Volume: $32,040,000
Supported Exchanges: 100+
Community Size (Twitter Followers): 589,400
Estimated Annual Dividend: 2%
VeChain, a smart contract platform like NEO and Ethereum, stands out for its scalable and eco-friendly Layer-1 blockchain. Notably, it offers a unique dividend system rewarding VTHO coins to users holding VET tokens, with a daily rate of 0.00043 VTHO per 1 VET staked. The annual dividend ranges from 1% to 3% and is distributed monthly, enhancing engagement and value for token holders.
NEO (NEO)
Key Metrics for NEO:
Market Capitalization: $773,797,866
Daily Trading Volume: $50,015,100
Supported Exchanges: 100+
Community Size (Twitter Followers): 423,900
Estimated Annual Dividend: 3%
Formerly AntShares, NEO is a prominent blockchain supporting smart contracts, often dubbed the “Chinese Ethereum.” Despite its ICO success, it faces fierce competition from Solana, Avalanche, Polygon, and Polkadot. NEO’s ecosystem relies on the NEO token, allowing holders to lock it in wallets for dividends in GAS tokens. Unlike Ethereum’s gas fees, NEO’s GAS serves various purposes. NEO’s recent price at $10.97, up 80% from $6.08 in 2023, and GAS at $8.30, a 300% YTD surge, underscore its resilience. NEO’s estimated 3% annual dividend rewards holders with 0.0004 GAS daily per NEO token, showcasing its enduring relevance amid competition.
PIVX (PIVX)
Key Metrics for PIVX:
Market Capitalization: $46,289,774
Daily Trading Volume: $5,677,313
Supported Exchanges: 14
Community Size (Twitter Followers): 69,600
Estimated Annual Dividend: 13%
Launched in 2016, PIVX (Private Instant Verified Transactions) is a privacy-focused digital currency, born as a code fork from Dash. Operating on the Proof of Stake Zerocoin protocol, users can stake PIVX to secure the network, receiving new coin issuance at up to 13% annually. Establishing a master node with $10,000 in collateral can yield up to 18.63% annually. PIVX, priced at $0.41 from $0.23 at the year’s outset, showcases market resilience. Its privacy commitment, unique dividend structure, and price performance position PIVX distinctly in the digital currency landscape.
KuCoin Shares (KCS)
Key Metrics for KuCoin:
Market Capitalization: $645,117,850
Daily Trading Volume: $2,565,043
Supported Exchanges: 6
Community Size (Twitter followers): 2.5 million
Estimated Annual Dividend: 2%
Established in 2017, KuCoin is a centralized cryptocurrency exchange valued at $10 billion after a May 2022 financing round. Fueled by its native ERC-20 token, KuCoin Shares (KCS), users staking KCS unlock daily rewards via the KCS Bonus program. A potential APY of up to 2% is derived from 50% of the daily revenue generated from trading fees. To be eligible, users need a minimum of 6 KCS (about $40). KuCoin’s innovative dividend structure, substantial valuation, and user base position it significantly in the cryptocurrency exchange landscape.
Understanding Cryptocurrency Dividends
In the realm of traditional finance, dividends are routine payouts distributed by companies to their stockholders, determined by the Board of Directors, and grounded in the company’s profits.
Cryptocurrency dividends are unique rewards distributed by companies from revenue, fees, or profits. Distinguishing them from staking rewards or airdrops is crucial, as the latter may lead to dilution. Unlike staking rewards, crypto dividends originate from project profits or revenues, often linked to centralized services like trading platforms. Staking rewards usually go to block validators, maintaining the network’s integrity. Clearing these distinctions ensures a precise understanding of diverse mechanisms in the cryptocurrency ecosystem.
Considering Investment in Dividend Cryptocurrencies
Cryptocurrencies offering dividends are rare, and your investment is tied to the token’s performance. A 10% dividend with a 20% token value decrease results in a net loss of 10%. Dividends, often in native tokens or ETH, don’t guarantee returns as they can decline in value, impacting your portfolio. However, the variable nature of dividend prices introduces the potential for growth, necessitating a careful assessment of the risks and rewards of dividend-paying cryptocurrencies.
Conclusion
In the world of traditional stocks, dividends are typically distributed to investors in the form of cash or additional shares of the company’s stock. In contrast, the realm of cryptocurrency introduces a unique dynamic where investors receive dividend payments in the form of cryptocurrency tokens.
Cryptocurrency values are highly volatile, especially in the crypto market. This volatility can significantly affect expected dividend payouts. Prioritizing the assessment of the underlying project’s fundamentals is crucial for informed decisions, considering the impact of market volatility on dividends.
Enjin Coin Analysis – Sellers Are Getting Stronger
Enjin Coin (ENJUSD) extends losses down to the $0.285000 price zone. The market is currently displaying a bearish trend, with sellers gaining an advantage as the price approaches the significant level of $0.285000. As we near the end of November, Enjin Coin is experiencing a shift towards a selling direction. The bulls have been unable to regain their strength and push the price back up to the $0.350000 market level.
ENJUSD Significant Levels
Resistance Levels: $0.464000, $0.333000 Support Levels: $0.285000, $0.207300
Last week, there was a notable surge in the bullish market as buyers made a significant push. This drove the price up from the key level of $0.247100. The bullish momentum resulted in a breakthrough of the $0.285000 key zone, but the upward movement was not sustained for long. Currently, there is a renewed drive from sellers as they attempt to break through the $0.285000 market level.
The outcome of this battle between sellers and buyers remains to be seen as the month comes to a close. The buyers may still show interest and make another attempt to fight back. The MACD (Moving Average Convergence Divergence) indicator indicates strength above the origin line. The signal line is still in the positive region. This suggests that there is still a presence of buy sentiment in the market. The MACD gives hope that buyers may reenter the picture for a countermove.
Market Expectation
However, the Moving Average Crossing indicator has not yet provided a clear-cut direction. The Golden Cross will give us insight into the overall market trend. It is currently unclear whether the market will continue its bearish momentum or if the buyers will be able to regain control. For now, the sellers are still extending losses as November closes out.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Solana Price Prediction – December 1 Following the process of basis-making in the market operations of Solana versus the trade worth of the US Dollar, the crypto-economic price presently pushes above the $50 base, keeping hike signals.
As of this technical piece, the capacity pace of purchasers demonstrates how company operations are positively trading around the $60.80 value line. It seems that the velocity rate has been set to move slowly and steadily in order to encourage traders who might be inclined to ride along with the upward moves at this time to place inappropriate trades. Given that supposition, buyers will probably change their positions once they tire of moving toward the resistance level of $70.
SOL/USD – Daily Chart The SOL/USD daily chart reveals the crypto-economic market pushes above the $50 base, keeping inputs toward the zone of the upper Bollinger Band.
The indicators of the Bollinger Bands are yet to be placed against the southbound pattern of the market, staying between the major trading spots of $50 and $70. The stochastic oscillators are in a positional outlook, indicating that an increasing motion is in place. If no reversal move is made to decimate today’s candle bottom, bulls will potentially push for a touch of the upper side of the Bollinger Band. At what point will it be a better option for bears to strike in the current rising force of the SOL/USD market? It will be a good time for sellers to begin to think of making selling orders between the positional stance of the Bollinger Band at the upper side and the resistance point of $70, coupling with active reversal moves, given the SOL/USD market presently pushes above the $50 base, keeping hikes.
It’s been shown that buyers in the market have been successful in pulling back along the bullish trend line that’s been formed to support the middle Bollinger Band. Given the current situation, bulls will lengthen their positions above the $50 line’s trading zone. For long-position placers, only longing entries would be a significant challenge. In order to conduct a timely shorting entry, bears are advised to exercise patience and stay aware of when there may be additional volatility movements that cause the market to intentionally go upward and reach an overbought condition with rejection indicators. SOL/BTC Price Analysis In contrast, the Solana trade pushes above the lower Bollinger Band against the valuation of Bitcoin, keeping hikes.
With the creation of candlesticks that have been finding support along the trend of the middle Bollinger Band, the Bollinger Band trend lines are still largely pointing north. From the oversold area, the stochastic oscillators are inclined to cross back northward and position themselves in close proximity to the 40-point. The foundational cryptocurrency might likely go into a setting in the near future.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
