Sunday, October 16, 2022

Trust Wallet Token (TWT) Shows Bullish Signs, Will Price Breach $1.5?

https://ifttt.com/images/no\_image\_card.png

TWT’s price shows strength as the price breaks out of a downtrend with good volume with eyes set on $1.5.
TWT bounced from a low of $0.88 as the price rallied to a high of $1, preparing for a rally as the price showed bullish signs.
The price of TWT continues to trade above 50 and 200 Exponential Moving Averages (EMA) ahead of the daily close.

The price actions shown by Bitcoin (BTC) have affected most altcoins negatively as some have lost their key support, but Trust Wallet Token (TWT) continues to show immersed strength as price breaks out of a long downtrend movement. The Consumer Price Index news released recently had a great deal of effect on the crypto market as the price of BTC declined to a low of $18,200 before a bounce to $19,300, with many altcoins like Trust Wallet Token (TWT) showing bullish strength. (Data from Binance)

Trust Wallet Token (TWT) Price Analysis On The Weekly Chart A notable event in the crypto space this week was the sharp decline in the crypto market following the release of the CPI news; the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. With so many altcoins losing key support areas, this price action appears to be more of a manipulation.

The price of TWT has struggled in recent times to restore its bullish strength, rallying to a high of $1.4 before seeing a rejection in price to a low of $0.5. TWT price bounced from this region as price rallied to a high of $1.2, showing good price actions with strong volume but failing to flip the resistance at $1.4

For the price of TWT to trend higher, the price needs to break and close above $1.2 as the price is faced with a weekly resistance to trend higher in that region.

Weekly resistance for the price of TWT – $1.2.

Weekly support for the price of TWT – $0.9.

Price Analysis Of TWT On The Daily (1D) Chart Daily TWT Price Chart | Source: TWTUSDT On Tradingview.comThe daily timeframe for the price of TWT has recently seen the price struggle to withstand the current bear run holding strong support to prevent the price from being sold out.

TWT’s price trades at $1.202 as the price continues its range-bound with the price forming a descending wedge above the 50 Exponential Moving Average (EMA); the price of $0.85 corresponds to the 50 EMA, acting as support for the price to break higher.

With a break and hold of $1.2 by TWT, we could see the price rally with more buy volume to a high of $1.5

Daily resistance for the price of TWT – $1.2.

Daily support for the price of TWT – $0.95.

Featured Image From zipmex, Charts From Tradingview

Stellar CannaCoin, a community-driven coin for the global cannabis industry

You pull up to a drive-through dispensary, phone in hand. A few taps later, your crypto transaction is complete. Seeing your generous tip, the budtender smiles and hands you a bag of fresh Tangie. You crack open the bag, sending a swirling aroma of skunky citrus into the air.

Not a pipe dream….if you live in a legal region and your local dispensary accepts Stellar CannaCoin, then this could be you. But before I tell you more, let’s talk about why there’s so much excitement for cannabis-related technologies, services, and products [2, 3].

High demand

Cannabis is one of the most valuable agricultural products, with U.S. sales projected to surpass $50 billion in a few years, while global sales exceed $100 billion. But these are the early days. As more countries legalize, the growth rate will continue to climb. With its medical benefits, industrial uses, and recreational popularity, the plant could soon rival the tobacco and alcohol industries in global revenue [4-9].

[4]

How Crypto Helps the Cannabis Industry

Current laws make it difficult for cannabis businesses to get loans, insurance, and credit cards. They’re forced to store and transport cash….a major security risk. By contrast, cryptocurrencies are stored in digital wallets protected by secret keys and recovery phrases (12 – 24 randomly generated words). If owners keep this information in a safe place, the accounts are highly secure [10].

The early-stage cannabis industry struggles with heavy taxes and strict regulations. Business owners can’t wait around for politicians….they need money now. Crypto not only offers solutions, it will continue to help the industry as it evolves….providing alternatives to high-interest loans that are risky for smaller businesses [11].

The Power of Media

History shows that mass media is powerful.

Mainstream media and social media platforms have combined forces to become superpowers. Breaking news stories go viral on social media platforms which boost their reach exponentially.

Positive cannabis news can lead to major rallies on stock and crypto markets. For example….after being elected as Prime Minister, Justin Trudeau began working on marijuana legalization. By 2017, word had spread that legalization was becoming a reality, and the markets reacted [12].

In early 2018, cannabis stocks Aurora Cannabis, Aphria, and Emerald Health Therapeutics hit all-time highs. But it wasn’t just stocks that rallied….there was a buying frenzy in cannabis-related crypto.

[13]

Legalization Continues

The U.S. also seized the opportunity: 37 states legalized medical marijuana, and 19 legalized recreational. Maryland is likely to become #20 after the mid-term elections [14].

Following this trend, federal legalization is inevitable. If history repeats itself as it often does in markets, we’re due for a U.S. rally in cannabis-related stocks and crypto.

Exactly when this catalyst will occur is a matter of debate, but one thing almost all cannabis investors agree on: it will be massive. In 2017, Canada had a population of 36 million. In 2022, the U.S. population is 335 million.

More than 20% of Americans have invested in, traded, or used crypto [15].

[16]

Making Moves

October 6th, 2022, Biden took three positive steps towards broad legalization [17]:

Announced a pardon of prior federal offenses of marijuana possession
Urged governors to pardon state offenses
Attorney General and Secretary of Health and Human Services will start a process to review how marijuana should be scheduled under federal law

Reactions on Reddit show excitement from customers and investors

https://preview.redd.it/b2zaqqbda8u91.png?width=920&format=png&auto=webp&s=888c7fa989ac61f1485391ef2f5b0714c049329c

https://preview.redd.it/1bgyt0gfa8u91.png?width=948&format=png&auto=webp&s=454d3d0c0b39249c592c7bac8c43332d203d6107

https://preview.redd.it/ejnn3ygia8u91.png?width=937&format=png&auto=webp&s=be2ac6ca09cd6436633d0544d054a9db6014036d

[18-21]

Stellar CannaCoin

So far, no coins have been mass-adopted by the cannabis industry. Investors speculate on which ones will gain dominance.

One of the rising stars is Stellar CannaCoin.

blazing fast (3-5 seconds)
cost-effective (0.00001 XLM, which equals 0.0000011 cents per transaction)
while Bitcoin uses 1,575 kilowatt-hours per transaction, Stellar Cannacoin uses just 0.00022 kilowatt-hours per transaction

[22, 23]

[3, 26, 24, 25]

Early stage, high growth

Despite emerging in the 2022 bear market, Stellar CannaCoin has a phenomenal growth rate.

Social media followers

Reddit: 4,400

Discord: 2,000

Twitter: 1,500

Instagram: 500

Total: 8,400+ followers

Accounts

4,500+ trustlines

[27]

Rewards

Long-term investors enjoy rewards for locking, and for contributing to the Liquidity Pool [28, 29].

Liquidity Pools

6.9% APY, higher than locking rewards
withdraw from the pools anytime
requires XLM or USDC to pair with Stellar CannaCoin

Pool #1:

XLM + CannaCoin

Pool #2:

USD + CannaCoin

[30, 31]

Locking

hold Stellar CannaCoin, no other coins needed
lock coins via StashApp
2% APY for 3 months
3% APY for 6 months
5% APY for 1 year

Stats

In early October 2022, a total of $586,385 was locked + invested in pools [32], with over $1,300,000 traded in 9 months.

Buy Signals

U.S.A.+ Europe and other regions are legalizing
History shows that bear markets are a good time to buy
Tobacco and Alcohol industries are investing in cannabis
Rallies in cannabis stocks lead to rallies in cannabis-related crypto
Stellar CannaCoin offers faster and cheaper transactions than its rivals

[33 – 41]

A Green Future

We’re early….now is the time to make a move. A growing number of investors see evidence for the global adoption and success of Stellar CannaCoin with its lightning-fast transactions, cheap fees, and energy efficiency….its goal to improve the lives of medical patients….its active community, events, and popularity among customers, growers, and entrepreneurs.

Join us on our journey to a greener future….make your first post/comment on our Reddit page [42] and receive a gift of free coins while supplies last.

For justice, for the plant, for the people: Stellar CannaCoin.

https://preview.redd.it/1529y0qjc8u91.png?width=256&format=png&auto=webp&s=7a45226ca11a4bca14318973f3f2389b59078bc3

Resources

1.https://www.reddit.com/r/StellarCannaCoin/comments/wp27wq/i_love_our_logo_and_i_think_it_is_very_beautiful/

2.https://www.leafly.com/strains/tangie

3.https://www.stellarcannacoin.org

4.https://mjbizdaily.com/us-cannabis-sales-estimates

5.https://www.globenewswire.com/news-release/2022/09/07/2511824/0/en/Global-Cannabis-Market-to-Reach-148-9-Billion-by-2031-Allied-Market-Research.html

6.https://en.wikipedia.org/wiki/Legality_of_cannabis

7.https://www.leafly.com/learn/cannabis-glossary/medical-marijuana

8.https://www.bloomberg.com/news/newsletters/2022-09-26/bat-tobacco-company-joins-snoop-dogg-in-german-marijuana-industry

9.https://daily.sevenfifty.com/why-the-alcohol-industry-is-betting-big-on-cannabis/

10.https://www.coindesk.com/layer2/2021/12/15/why-the-marijuana-industry-needs-crypto/

11.https://www.coindesk.com/layer2/paymentsweek/2022/04/27/crypto-cannabis-and-safe-banking/

12.https://fortune.com/2017/03/27/canada-marijuana-stocks-recreational-legalization-justin-trudeau/

13.https://coinmarketcap.com/

14.https://www.cannabisbusinesstimes.com/article/maryland-voters-favor-cannabis-legalization-poll/

15.https://www.cnbc.com/2022/03/31/cryptocurrency-news-21percent-of-adults-have-traded-or-used-crypto-nbc-poll-shows.html

16.https://www.zippia.com/advice/blockchain-statistics/

17.https://www.leafly.com/news/politics/president-biden-to-pardon-federal-marijuana-prisoners-and-start-rescheduling-process

18.https://twitter.com/potus/status/1578097883395592207

19.https://www.reddit.com/r/stocks/comments/xxfkq3/biden_to_pardon_all_federal_offenses_of_simple/

20.https://www.reddit.com/r/trees/comments/xxdic3/biden_to_pardon_all_prior_federal_offenses_of/

21.https://www.reddit.com/r/weedstocks/comments/xy9916/biden_health_secretary_has_already_talked_to_fda/

22.https://stellarcannacoin.org/learn-more/roadmap/

23.https://stellar.org/

24.https://dopecoin.com/coin-info/

25.https://vicetoken.com/crypto-guide/how-to-buy-hempcoin-thc/

26.https://www.potcoin.com/

27.https://stellar.expert/explorer/public/asset/CANNACOIN-GBLJ4223KUWIMV7RAPQKBA7YGR4I7H2BIV4KIMMXMQWYQBOZ6HLZR3RQ-2?filter=trustlines

28.https://www.reddit.com/r/StellarCannaCoin/comments/xpmliu/big_news_you_can_now_lock_your_canna_to_earn_apy/

29.https://stellarcannacoin.org/getting-started/staking/

30.https://stellar.expert/explorer/public/liquidity-pool/96cad3004b817bfd65ae3fa2731031d851bce8bc4aa94c68437b2ab12b61d8ab

31.https://stellar.expert/explorer/public/liquidity-pool/dbcee4c4496c292737fbe1223919236d3d35c28995d2e882df345bd124091c41

32.https://stashapp.cloud/stats/

33.https://www.bloomberg.com/news/newsletters/2022-09-26/bat-tobacco-company-joins-snoop-dogg-in-german-marijuana-industry

34.https://daily.sevenfifty.com/why-the-alcohol-industry-is-betting-big-on-cannabis/

35.https://mjbizdaily.com/map-of-us-marijuana-legalization-by-state/

36.https://www.leafly.com/learn/legalization

37.https://norml.org/election/

38.https://cannatechtoday.com/german-finance-minister-expect-cannabis-legalization-in-2023/

39.https://www.forbes.com/sites/dariosabaghi/2022/07/27/switzerland-fully-legalizes-medical-cannabis-and-allows-export/

40.https://www.theguardian.com/australia-news/2022/oct/10/victorian-greens-push-for-cannabis-to-be-legalised-taxed-similarly-to-alcohol

41.https://www.marijuanamoment.net/colombian-lawmakers-approve-marijuana-legalization-bill-in-committee-as-president-pushes-for-global-drug-policy-reform/

42.https://www.reddit.com/r/StellarCannaCoin/

A new wave of growth or collapse? What will happen to bitcoin next week?

On Sunday, October 16, Bitcoin is trading at $19.1 thousand. Over the past week, the first cryptocurrency has fallen in price by 1.3%. The experts analyzed the situation on the market and told how it could change in the next week and in the short term.

According to Andjei Korotkewič, CEO of the ASTL investment project, the bullish growth that happened on Thursday is a clear anomaly that some very large player could create to achieve their own local goals. The price of bitcoin has fallen to the lower edge of a large horizontal channel, having passed $20,000. Now it is inside the channel again, having failed to overcome one of its edges and gain a foothold there. Geopolitical and economic events are not encouraging, therefore, first of all, it is worth considering the option with a rebound from the upper edge of the channel in the region of $20.4 thousand and a further move down. Or to sell directly from the current levels and on the breakdown of the lower edge of the channel. The breakdown of the $18.4 thousand level and consolidation under it is only a matter of time.

"Volatility can be high," says Konstantinas Sizovas, CFO of the ASTL project. The current rate of bitcoin already takes into account the published data on the growth of consumer prices in September, and there are still two weeks before the upcoming meeting of the US Federal Reserve. So in the next two weeks, most likely, we will not see any turning points that can radically change the situation on the crypto market. The support level is still at $17.5K, by my calculations. If bitcoin goes below this mark, then the next support level will be already at $16,000.

There are no fundamental factors contributing to the sharp growth of bitcoin either. So, most likely, BTC will continue to fluctuate between $18 thousand and $20 thousand, at best, it will rise to $22 thousand, and then not for long. Volatility in the next two weeks may be high ahead of the US Federal Reserve meeting, which is likely to decide to raise the key rate by 0.75 percentage points.

Against this background, investors need to invest fiat and cryptocurrency assets in projects that provide a stable income that obviously exceeds inflationary expectations and does not fall under any sanctions, blocking and confiscation. The ASTL project is a simple and elegant solution for potential investors - an investment in the development of the real sector of a diversified portfolio of cryptocurrencies, with a fairly high ROI (up to 18%) with payments in stablecoin (USDT). More information about the proposals of the ASTL investment project can be found on the website https://astl.io.

Haru invest - $50 bonus for $500 deposit

HARU (non-ref) is a crypto platform founded in South Korea in 2019 that offers some of the most competitive and earn products in the space. They've been quite reliable and stable ever since they've been in business.

You can earn interest on BTC / USDT / ETH / XRP. These are the only coins supported.

- Interest rates: from 5% with no lockup, to 14% APY if you locked your funds for 365 days.

Unlike lending platforms, Haru Invest utilizes users’ crypto assets in algorithmic trading, among which there are three major strategies as following: Market Neutral Strategy Spread Trading, Arbitrage Trading and Option Trading based on Crypto Derivate exchange.

Not that it means much, but I've been using Haru for over 400 days. It has been a very good and reliable platform and the 15 days should go through in a breeze for any new user.

SIGN UP REWARD: $50 paid in BTC Deadline to sign up and get the $50: October 31

Requires: deposit at least $500. You must hold them for at least 15 days in 'earn plus'. You will earn interest and you can withdraw whenever your fixed period ends. You can read more in detail about the different earn products here.

The $50 bonus is paid out immediately after you open your 15 days earn plus. Meaning, the $50 can be withdrawn right away.

Bonus payment screenshot

STEPS to get the $50

Follow this link, you'll have a sign up menu where a code will be auto-filled
Sign up and deposit at least $500 - can be any of the coins, but make sure you keep it always over $500 for the 15 days
The $50 bonus is added instantly as soon as your investment is done
You can re-invest the 50, earning interest or you can withdraw.
Once your 'earn plus' unlocks, your funds become available for withdrawal as well

Do note, your funds are generating interest at all times. The interest is boosted if you put them in fixed terms.

Deposit ideas -

Let's say you hold no crypto, but have a Nexo account for instance. You can do this: GBP deposit to Nexo. Convert GBP to USDT. Send USDT (ERC20) to HARU (ensure it's worth over $500). Open a earn plus for 15 days. That's it.

When it comes to withdrawing, you can either withdraw USDT (10$ fee) or convert all your balance to XRP and withdraw XRP.

Fees to withdraw - Bitcoin(BTC) : 0.0001 BTC / Ethereum (ETH) : 0.004 ETH / Tether (USDT) : 10 USDT / Ripple(XRP) : 1 XRP

Referral program details

Bitcoin Struggles To Break Past $19,500 As New Twist Surfaces, Here’s What To Expect

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BTC’s price shows strength but has struggled to break past $19,500 as the price continues to move in circles.
BTC bounced from a low of $18,200 after the price rallied toward $19,800 but was rejected by sellers.
The price of BTC continues to trade below 50 and 200 Exponential Moving Averages (EMA) ahead of the weekly close.

The price movement of Bitcoin (BTC) has shown some great price action lately as the price garnered momentum to bounce from a low of $18,200 to $19,800d against tether (USDT). Despite the strength shown by the price of Bitcoin (BTC), it has struggled to reclaim $19,500, which is key for a rally to the region of $20,000. Ahead of the weekly close, it is yet to be known if the price of BTC will rally to the upside or downside, as many traders are left in a dilemma. (Data from Binance)

Bitcoin (BTC) Price Analysis On The Weekly Chart Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.comThe week has been packed with so many events in the crypto space, but a notable one was the sharp decline in the crypto market after the release of the CPI news; the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. This price action seems more of manipulation with so much price volatility in a short time. With the possibility of Bitcoin Dominance (BTC.D) rising to a high of 45%, altcoins could suffer more if BTC retraces.

The price of BTC has struggled in recent times to restore the strength it showed, rallying from a region of $18,700 to $25,000. BTC’s price declined from $25,000 to a weekly low of $18,800-$19,300. The has since struggled to breakout from this range.

BTC’s price needs to reclaim $19,500 with good volume for the price to restore a measure of relief for BTC price and altcoins. If the price of BTC fails to close above $19,500, we could see the price retesting the low of $18,800-$18,200.

Weekly resistance for the price of BTC – $19,500.

Weekly support for the price of BTC – $18,800-18,200.

Price Analysis Of BTC On The Daily (1D) Chart Daily BTC Price Chart | Source: BTCUSDT On Tradingview.comThe daily timeframe for the price of BTC has been more of a struggle to

breakout from its descending triangle could spark some relief and bounce to the high of $20,500 and higher with strong buy volume.

BTC’s price trades at $19,130 as the price continues its range movement

as the price forms a descending wedge below the 50 Exponential Moving Average (EMA); the price of $20,200 corresponds to the 50 EMA, acting as resistance for the price to break higher.

Daily resistance for the price of BTC – $20,200.

Daily support for the price of BTC – $18,800.

Featured Image From NBTC, Charts From Tradingview

Rep. McHenry reported on the progress of work on stablecoin legislation.

Patrick McHenry, a senior member of the U.S. House of Representatives' Financial Services Committee, said "fintech talk has reached a dead end" and the real issues need to be revisited. He is currently negotiating legislation that could, at least in theory, bring more clarity to the legal treatment of stablecoins. There is currently no federal definition of digital assets or stablecoins in the US, McHenry said, calling the situation "retrograde." McHenry, House Financial Services Committee Chair Maxine Waters, and the Treasury have been negotiating legislation for months. "We are negotiating an asset, that is, a narrowly defined set of assets, 1:1 collateral, no leverage. [..] Then we move on to more complex conversations."

Speaking at DC Fintech Week, which we wrote about earlier, McHenry called the unresolved issues of "the means by which we hold" stablecoins, the regulation of wallets and the definition of a federal regulator for them. These solutions should, in practice, contain "less science, more art," he said. According to McHenry, the resulting draft law is "pretty crude, but could grow into something more attractive."

McHenry said that if he becomes chairman of the Financial Services Committee after the midterm elections, he will make cryptocurrency regulation a priority. By the way, McHenry can still become chairman of the committee if the Republican Party wins a majority in the House of Representatives. Waters, who spoke briefly at the same conference the day before, also mentioned stablecoins and the issue of digital wallets. He stressed the need to make the technology user-friendly, especially since "people are often excluded from the traditional financial system."

On October 3, the Treasury Department’s Financial Stability Oversight Board called on lawmakers to pass a law that places regulatory responsibility for cryptocurrencies on regulators. There are already many bills in place to regulate cryptocurrencies, including the draft Digital Consumer Protection Act of 2022, the Lummis-Gillibrand Responsible Financial Innovation Act, and the Digital Commodity Exchange Act of 2022.

The absence of a legal framework does not prevent the self-proclaimed "regulatory" bodies from considering themselves the spokesman for the interests of all investors in the US and the world. And all the time to give even more importance to both your own words and not always adequate actions and interpretations. All new people who want to "steer" crypto assets are joining the fight. So, the head of the OCC (US Office of the Comptroller of the Currency), Michael Hsu, became concerned that lawmakers were spending "too much time on cryptocurrency" and not on more pressing issues: i.e. technologies and banking, which even there can allegedly be entrusted, including to his department (Hsu has been the head of the OCC since May 2021 and is the administrator of the federal banking system and the chief economic director of the OCC).

During his tenure, Hsu called for increased oversight of crypto firms and stablecoin standards, and stressed the need for a cautious approach to crypto regulation due to the industry's rapid growth red flags, arguing that there are other areas as well. which need to be focused on right now, especially with regard to financial technologies, which require immediate control due to their constant development.

Meanwhile, the Commodity Futures Trading Commission (CFTC), in its quest for power over the spot markets of cryptocurrencies, is merging with the SEC in a fit of love passion. Speaking at an event at Georgetown University, Securities and Exchange Commission (SEC) Chairman Gary Gensler backed the idea of granting Congress more direct authority over certain tokens to the U.S. commodity regulator he previously chaired. The CFTC itself has pushed for direct management of digital assets that US regulators classify as commodities. They currently consist of bitcoin and ether, the two largest cryptocurrencies by market cap, although Gensler suggested last month that the latter could be a security.

Accordingly, possible investments in cryptocurrencies that provide a stable income that obviously exceeds inflationary expectations and does not fall under any sanctions, blocking and confiscation and with constant payments of passive income in USDT are becoming more and more reliable. Due to this circumstance, the ASTL project - a simple and elegant solution for potential investors with a fairly high ROI (up to 18%) with payments in stablecoin (USDT) is becoming more and more popular.