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The month of September for WAVES didn’t look good as the coin registered a sharp downward pattern. The market is looking bearish as WAVES slipped below the key $4.6 level.

Crypto market looking bearish for WAVES
 WAVES key support retests the $4.3 zone
OBV shows a weakening in selling volume

Bitcoin, the king of crypto, climbed to $19.8K, forcing the retreat of the bears and allowing the bulls to recharge.
In the event that Bitcoin nosedives lower than $19K, this could inevitably pull the other cryptocurrencies down with it.
On the other hand, WAVES has shown some improvement as it dashes above the $4 zone in the last two days.  
Waves is a multi-purpose blockchain platform which supports different types of use cases including decentralized applications and smart contracts.
The blockchain platform’s native token is WAVES, an uncapped supply coin used for payments such as block rewards.
$4.3 Revisited As Key Resistance Zone
Based on the 4-hour chart, WAVES was able to recover and jump to the $4.3 level following its recent correction.
In the next days, WAVES price is seen to bounce back in the $4.5-$4.6 range. A couple of days ago, the key support found at $4.3 have been revisited as a key resistance zone.


Source: TradingView.com
Earlier, its price has once again dropped below the $4 range. On the 1-hour chart, it retreated once again or back to the $4.3 level following its latest setback.
The price on the higher timeframes is seen to be massively bearish than bullish. Additionally, the market is now leaning toward the sellers as noted in the past few weeks. 
WAVES was aiming to hit the $4.3 mark a few days ago but was barred and pushed towards the $3.9 mark instead.
With that being said, going long in the $4.02 support level wouldn’t be a wise move, especially with the risks involved. 
With the token unable to clutch strongly on the $4 zone, this led to the bears gaining enough traction to dominate. Additionally, a selling opportunity is predicted to occur once a retest is done on the $4 mark.

WAVES RSI Falls Below 50
According to CoinMarketCap, WAVES price is up by 2.53% or trading at $4.01 as of press time.
The Fibonacci retracement levels at the $4.0 and $4.09 range can hinder the buyers’ intent to press on the gas in terms of prices.
The token’s relative strength index is seen to have traversed below 50 further strengthening the validation of bearish momentum.
Also, the CMF is seen to have dropped beneath the -0.06 level showing the rapid loss of capital. In terms of On Balance Volume, the token seems to signify weakened selling as seen in the past few days. More so, the OBV also shows that there is no indication of a sharp pullback.
The price is seen to have plunged below the $4 mark. It was seen to pause at the $3.94 level which means a retest at the $4 mark could tick off a selling opportunity.

Crypto total market cap at $902 billion on the daily chart | Source: TradingView.com

Featured image from The Coin Republic, Chart: TradingView.com

(The analysis represents the author's personal views and should not be construed as investment advice).


The month of September for WAVES didn’t look good as the coin registered a sharp downward pattern. The market is looking bearish as WAVES slipped below the key $4.6 level. Crypto market looking bearish for WAVES  WAVES key support retests the $4.3 zone OBV shows a weakening in selling volume Bitc...

newsbtc.com

Can WAVES Flow Back From Its Latest Setback And Reclaim $4.6?


NFL ALL DAY surpassed NBA Top Shot in NFT sales in August for the first time. This has put NBA Top Shot at risk of losing its top-dog status on the Flow blockchain.  



NFL ALL DAY and NBA Top Shots are non-fungible tokens housed on the Flow blockchain. As one of the biggest NFT blockchains by all-time sales, Flow has processed more than $1 billion worth of digital collectibles from 463,091 unique buyers across 23 million transactions. 



Source: Flow Blockchain Sales Chart from Sept. 2020 to Sept. 2022 by CryptoSlam


As the newer collection on Flow, NFL ALL DAY generated approximately $7.3 million in August. This was a four-month high since sales of the collection declined steeply after April’s $7.5 million in sales.



Source: NFL ALL DAY Sales Chart for Aug. 2022 by CryptoSlam


NBA Top Shot, on the other hand, reached a 20-month low after grossing around $7 million. The last time this collection generated less than $7 million in monthly sales was in December 2020.



Source: NBA Top Shot Sales Chart for Aug. 2022 by CryptoSlam


NFL ALL DAY draws more unique buyers



There were 16,745 new buyers for NFL ALL DAY while Top Shot only pulled in 15,369 unique buyers. This difference was likely due to the announcement of the first public NFL ALL DAY Series 1 pack drop which was dubbed Headliners. The drop happened on Aug. 12 and featured legendary moments from Derrick Henry, Jalen Ramsey, Trevor Lawrence, Derek Carr, Jonathan Taylor, and Zach Wilson. NFL ALL DAY was launched in closed beta mode in December 2021 before being opened to the general public last month. 



NBA Top Shot has been on the markets since May 2020 and the longevity explains its all-time sales which have surpassed more than $1 billion. 



Despite NBA Top Shot total transactions of 423,164 outpacing NFL ALL DAY’s 173,809, NFL ALL DAY’s average sale value of $42.07 was two and half times that of NBA TOP SHOT’s $16.64.



Is NBA Top Shot’s status as the best performing NFT on Flow at risk?  



As of Sept. 18, NBA Top Shot had generated sales of $2.9 million while NFL ALL DAY had sales in the region of $8.3 million. With less than two weeks till the end of the month, there is a huge chance that NFL ALL DAY could have more than five times the sale of NBA Top Shot by the time October rolls around.



With that said, NFL ALL DAY’s all-time sales are only around $50 million — 20 times below that of NBA Top Shot – a top 10 NFT collection by sales volume.  



NFL ALL DAY moving up the ranks 



Sales from NFL ALL DAY were first tracked in February 2022 and have already surpassed CryptoKitties, Crypto Unicorns, Chain Runners, Panini America, and Ape Kids Club. 



However, it still falls far below more mainstream projects like Axie Infinity, CryptoPunks, Otherdeeds, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club, and Moonbirds.  



Source: NFT Collection Rankings by Sales Volume by All-Time Sales Chart by CryptoSlam


NFL ALL DAY has done little to revive FLOW’s price 



FLOW opened on Feb. 1 with a trading price of $6.80 and spiked to $8.65 before Russia’s invasion of Ukraine led to a significant decline in the prices of cryptocurrencies. 



In the months that followed, FLOW crashed to $1.22, and it traded below $2 in the third week of September. Overall, FLOW has shed more than 70% of its price since the collection’s release.



Source: FLOW/USD Chart by TradingView 


With competition from NFL ALL DAY, Be[In]Crypto reached out to some industry experts; 



“It will undoubtedly add value to the Flow ecosystem, these are two of the biggest franchises in world sport. The mass exposure and adoption that NFL ALL DAY will bring to the chain are priceless. Flow has done well to ensure they provide the right platform to keep organizations like that on their chain,” said Philip Gunwhy, CMO of Farcana, a blockchain gaming Metaverse. 



Sebastian Menge, the COO of Fitburn gave his opinion; “Today’s events look like a battle between the NBA and the NFL. It’s worth noting that the NFL ALL DAY is a more recent project, and that’s why it generates more hype. Top Shot NBA is a project that had its highest, if I recall correctly, about a year ago or in February 2021.”



Menge concluded, “That was the reason behind the community’s interest and the main reason that NFL ALL DAY has outperformed TOP SHOT NBA at this point. Flow blockchain or Flow ecosystem, in turn, profits from every new project that creates hype. But whether that hype will be permanent, you may never know, as it needs constant fueling.”
The post NFL ALL DAY Monthly Sales Surpass NBA Top Shot; The Battle for Flow’s Top NFT Collection appeared first on BeInCrypto.


NFL ALL DAY surpassed NBA Top Shot in NFT sales in August for the first time. This has put NBA Top Shot at risk of losing its top-dog status on the Flow blockchain.  
The post NFL ALL DAY Monthly Sales Surpass NBA Top Shot; The Battle for Flow&#8217;s Top NFT Collection appeared first on BeInCryp...

beincrypto.com

NFL ALL DAY Monthly Sales Surpass NBA Top Shot; The Battle for Flow’s Top NFT Collection

Payment company Ripple is expanding the use cases for its On Demand Liquidity (ODL) solution, according to a press release. The company will enable its partner I-Remit to improve its treasury funds flow and management. 

I-Remit has been working with Ripple for over 3 years, using its On Demand Liquidity (ODL) to enable users to settle low-cost cross-border payments to the Philippines. Now, the company will use ODL to remove friction from the process of treasury payments.
Ripple And I-Remit Improve Treasury Management
According to the release, this will translate into I-Remit being able to access its funding requirements 24/7 with a global settlement. Thus, removing the need to pre-fund any accounts and providing the company with the capacity to scale its business operations across the world.
I-Remit joins FOMO Pay, Novatti, FlashFX, Tranglo, SBI Remit, Pyypl, and others, according to the payment company. Senior Vice President and Managing Director at Ripple, Brooks Entwistle said:
Ripple’s strong business traction and continuous growth in ODL volume would not have been possible without partners like I-Remit looking to take advantage of blockchain and crypto technology to solve real-world problems. We’re excited at the expansion of our partnership with I-Remit to help bridge liquidity gaps so they can grow and scale other aspects of their business.
XRP On Fire Following Potential Lawsuit Settlement With The SEC
Since late 2020, Ripple has been stuck in a legal battle with the U.S. Securities and Exchange Commission (SEC). The regulator accused the payment company and three of its executives of allegedly offering unregistered security, XRP.
The token is used in a number of payment solutions and the RippleNet to facilitate payment settlements, treasury management, and more. Despite the SEC lawsuit as Entwistle and other executives claimed, the company has been able to continue growing and increasing the liquidity supported by its products.
On their latest partnership expansion, Harris Jacildo, Chairman and President of I-Remit added:
As one of the earliest adopters of Ripple’s ODL solution, we’ve been able to scale and accelerate our extensive payout capabilities in the Philippines. We’re excited for this next chapter of our well established partnership with Ripple to further utilize ODL for treasury management and provide the best possible service for our customers.
As Bitcoinist reported, the legal battle might be turning favorable for the payment company as the parties could reach an agreement. The crypto market seems to be betting on a positive outcome.

At the time of writing, XRP’s price trades at $0.44 with a 2% and 24% profit over the last 24 hours and 7 days, respectively. ODL’s native token is moving on its own as the rest of the crypto market trades under extreme fear territory and with heavy losses on similar time periods.
XRP’s price with minor gains on the 4-hour chart. Source: XRPUSDT Tradingview


Payment company Ripple is expanding the use cases for its On Demand Liquidity (ODL) solution, according to a press release. The company will enable its partner I-Remit to improve its treasury funds flow and management. Related Reading: How A Fake Bitcoin Transaction Is Tied To The GTA 6 Leak I-Re...

bitcoinist.com

How This Ripple Partnership Will Expand The Use Of XRP For Treasury Payments

The Merge, one of the biggest upgrades in the cryptocurrency industry, turned into a sell-the-news event. While the long-anticipated transition did not light a fire under the Ether’s price, many experts believe it would offer some strong tailwinds in the future.
Nevertheless, investors are treading with caution. The figures come amid a relatively low activity week as a mixture of positive and negative flows by providers and assets continued to demonstrate a lack of engagement amongst investors at present.
According to the latest edition of Digital Asset Fund Flows Weekly, CoinShares’ reported that the flows aftermath of the Ethereum Merge flows indicated continued caution amongst investors. As such, the 4th week of outflows equaled $15 million, while the total numbers since the beginning of the year stood at an astonishing $375.8 million.
However, the run of outflows has been quite minor and was recorded at $80 million.
Investors Remain Cautioned
After years of delays and setbacks, Ethereum finally transitioned to a Proof-of-Stake network rather smoothly. Data reveals that the amount of staked ETH has been on a consistent uptrend while network participation also remained high. Client diversity was also trending in the right direction. So far, there is no noticeable hitch on the technical side of things.
The entire staking process theoretically presents bullish prospects for the crypto-asset. The circulation is expected to drop in the form of a fee that needs to be paid to the network to execute transactions. Subsequent holders turning to stake may also remove ETH from circulation, and the asset could go deflationary as the scarcity begins to weigh on the token’s circulation. Despite this, institutional investors remain skittish.
One of the biggest factors could be scalability. While the Merge was a watershed moment, Ethereum is still far from implementing a sharding solution to scale up network speed dramatically despite achieving crucial goals such as energy consumption problems and reducing carbon emissions.
Next in line with a series of improvements is “the Surge” to a more secure and decentralized network. The upgrade involves making transactions cheaper by dividing them across several different chains in a way that is designed to decrease fees while speeding them up.
By the end of Verge, Purge, and Splurge upgrades, Ethereum will be able to process 100,000 transactions per second, according to Vitlaik Buterin. But that would take a great deal of time. For instance, the Surge alone is not in the pipeline this year.
Lucrative or Not?
Ethereum’s scalability upgrades scheduled for next year do not necessarily make it less lucrative. In fact, Ethereum being more eco-friendly will pave the way for traditional corporations and large financial institutions to engage more in the staking opportunities.
Additionally, a PoS Ethereum validator can receive about a 5% annual percentage yield (APY) which makes it quite an attractive revenue stream given the relatively low risk associated with it.
Fidelity Digital, in a recent report, noted,
“Ethereum’s shift to proof-of-stake makes Ether an asset that can earn interest for holders in the form of staking. This yield generation has the potential to increase the total return for ether holders and may make the asset more attractive to prospective investors.”
The post Post Merge: Ethereum Investors Act With Caution (Report) appeared first on CryptoPotato.

Ethereum is the only asset with a negative fund flow value over the week, according to CoinShares. 

cryptopotato.com

Post Merge: Ethereum Investors Act With Caution (Report)

On-chain data shows miners have sent a large amount of Bitcoin to spot exchanges recently, something that can be bearish for the value of the crypto.
Bitcoin Miners To Spot Exchanges Flow Has Surged Up Over The Past Day
As pointed out by an analyst in a CryptoQuant post, the latest spike in the miner exchange deposits is larger than any other recent peaks.
The relevant indicator here is the “miners to spot exchanges flow mean,” which measures the total amount of Bitcoin being transferred by miners to spot exchanges.
When the value of this metric shoots up, it means miners have just sent a large number of coins to exchanges. Since these chain validators usually deposit to spot markets for selling purposes, this kind of trend can prove to be bearish for the price of BTC.

On the other hand, the value of the indicator being low suggests there aren’t many transactions happening from miner wallets to centralized exchange wallets. Such a trend can be either neutral or bullish for the value of the coin as it implies there isn’t much selling pressure coming from this cohort right now.
Now, here is a chart that shows the trend in the Bitcoin miners to spot exchanges flow mean over the last couple of weeks:

The hourly value of the metric seems to have been quite high in recent days | Source: CryptoQuant
As you can see in the above graph, the Bitcoin miners to spot exchanges flow mean has observed a huge spike during the past day.
The last two weeks saw several exchange inflows coming from miners, after each of which the price generally suffered a short-term decline.

This latest increase in the miner spot deposits is significantly larger than any other seen in this period, and has come while the price has already plunged down. This is unlike the previous ones, which came as the price was around a peak.
If the same trend as the previous miner exchange inflows follows this time as well, then these fresh deposits are also likely to have a bearish impact on Bitcoin.
BTC Price
At the time of writing, Bitcoin’s price floats around $20.1k, up 4% in the last seven days. Over the past month, the crypto has lost 17% in value.
Below is a chart that shows the trend in the price of the coin over the last five days.

Looks like the value of the crypto plummeted down a few days back and has since moved sideways | Source: BTCUSD on TradingView
Featured image from Brent Jones on Unsplash.com, charts from TradingView.com, CryptoQuant.com


On-chain data shows miners have sent a large amount of Bitcoin to spot exchanges recently, something that can be bearish for the value of the crypto. Bitcoin Miners To Spot Exchanges Flow Has Surged Up Over The Past Day As pointed out by an analyst in a CryptoQuant post, the latest spike in the m...

Flow price	$1.63
Low - High 24H	$1.63 - $1.70
Market cap	$1.70B
Volume 24H	$25.41M
All time high	$42.40 -96.14% April 5th 2021
All time low	$1.24 32.63% June 18th 2022
Genesis date	N/A

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