Today, September 12, at 6:39 EST, global cryptocurrency markets rose slightly. However, volatility in the cryptocurrency market is increasing due to factors such as the proposed sale of FTX tokens worth $3.4 billion.
According to a Bloomberg report , volatility in the digital asset market has increased as traders consider delisting cryptocurrencies from the liquidated FTX Group amid ongoing bankruptcy proceedings. According to this report , a court hearing is scheduled for Wednesday, September 13 to consider plans to sell the property and reach an agreement with creditors.
The news caused Bitcoin prices and the overall cryptocurrency market to fall on Monday, September 11, before recovering slightly today.
Despite the negative news, today's cryptocurrency market recovery saw Bitcoin return to the $26,000 price level, boosting several altcoins and placing them among the most profitable. Below are the altcoins that topped the charts with huge gains today.
Trust Wallet Token (TWT) is a secure crypto wallet provider
Today, September 12 at 07:00 TWT, the price is $0.8, up 9% in the last 24 hours. However, the price increase in the last seven days is minimal , indicating the return of buyers today.
One of the factors behind today's TWT price increase was a September 9 tweet that reassured users about the security of the network. According to a tweet , TrustWallet's security scanner prevented users from losing $10.4 million to scammers.
This highly secure structure attracts more users to the TrustWallet network and increases its adoption. Additionally, Trust Wallet has partnered with Arkham to offer its users exclusive quests and the chance to win their share of a prize pool of $50,000 in ARKM tokens .
To participate in this study, users must complete certain tasks. Although this positive news was met with resistance from sellers, it affected the price on the daily chart.
TWT approaches the resistance level of $0.84
Source: Tradingview.com
TWT is trading just above the $0.78 support level, although sellers are still holding back its gains. It faces resistance at $0.84 as buyers continue to force TWT to rally. Today's candle is approaching the upper line of the Don Chian Channel (DC).
This shows the growth potential of the assets in the short term. The Relative Strength Index (RSI) is in the neutral zone and is moving sideways at 44.45, indicating that buyers and sellers are approximately at par. If the RSI rises to 50, this will serve as an entry indicator for a new buy position.
The MACD of the currency is moving up, trying to cross the signal line. The red bars on the chart are also falling, confirming that sellers are losing control of the market. TWT is likely to continue seeing price increases in the coming days if it manages to break above the $0.84 resistance level.
Optimism (OP) is the Optimism aggregation network for Ethereum
As of 7:11 a.m. today, OP is trading at $1.36, up 9.6% over the past 24 hours. Furthermore, its price has risen 2.2% in the last seven days, indicating that buyers are gradually returning to impose an upward trend on the asset.
On September 11, Optimism shared some insights into DAO research and management in the ecosystem. This update is likely to generate more interest and adoption of the token itself.
They talk about the topic of conflict and how it works in DAOs. According to promoters of optimism, the difference between a crisis and a collapse is legitimacy.
However, they believe that conflict does not determine the success or failure of a DAO , but how the government handles the crisis is very important. Furthermore, optimism suggests that if the DAO loses its legitimacy, there will be no external controls to reactivate the system, leading to the possible bankruptcy of the project.
Optimism confirms once again that communication remains the most important tool for the success of any DAO. These more interesting ideas and developments will likely fuel optimism among more cryptocurrency users, driving up the price of the OP token.
OP price action on the daily chart indicates buyer dominance. After finding support at $1.2, the next target for buyers is to break the $1.4 resistance level. However, if traders take profits too early, the rally will turn into a downtrend.
OP finds support at $1.2
Source: Tradingview.com
On the daily chart, the OP is in an uptrend and forms the second consecutive green candle as buyers initiate a rally. It found support at $1.2 and approached the resistance level of $1.4 as buying pressure increased.
A break above this level will send the OP into the overbought zone. The Relative Strength Index is rising from the neutral zone at 45.08 as it approaches the overbought zone at 70 . The MACD is also bullish and will soon cross the signal line to confirm the buy signal.
The pale red bars on the chart also confirm the asset's bullish trend today. If buyers continue to recover, OP is likely to maintain price increases in the coming days.
GMX (GMX) is a spot and conventional trading platform
On September 12 at 07:15 EST, GMX was trading at $32.2, up 5.6% in the last 24 hours . The price lost some of its gains last week, indicating that sellers are still active.
According to a September 10 report from Blueberry Pulse , GMX's news outlet , GMX's weekly revenue fell $9,245 last week. The drop in revenue is most likely due to a general slowdown in the cryptocurrency market.
However, buyers took profits today, which will likely lead to positive price action. Please note that the recent trading success of some GMX users may have a positive impact on its value.
According to On-Chain Trader , an anonymous GMX trader opened a short ETH position on GMX four months ago. Despite experiencing a -61.6% loss on open positions, specifically. around -$36,738, the trader persisted and generated a 255% ROI ($155,286) in profits from the position.
This success story is likely to attract more investors to the ecosystem and have a positive impact on the price of GMX. The GMX index showed signs of recovery on the daily chart over the past 24 hours as buyers once again increased its value.
GMX shows signs of recovery
Source: Tradingview.com
The GMX indicator is moving in an uptrend on the daily chart, forming a second green candle to confirm the return of buyers to force a rally. Although it is trading below the parabolic SAR, the price may rise if buyers open new long positions.
It found support at the $30.4 price level , prompting further growth of the asset . However, it is facing resistance at $34.7. As the RSI approaches the neutral zone, it rises from the oversold zone at 36.06.
If the RSI moves towards the 50 level, the bulls will take control and may be forced to break the $34.7 resistance level. MACD also confirmed the bullish sentiment above the signal line with green histogram bars indicating buyer dominance.
GMX price is likely to rise in the coming days but may pull back if buyers fail to break the $34.7 resistance level.
Bitcoin BSC (BTCBSC) is a smart betting solution
Bitcoin BSC is an environmentally friendly project that hopes to replicate the initial success of Bitcoin. Bitcoin BSC runs on the BNB smart chain and offers users $0.99 worth of tokens, similar to the price of Btcoin in April 2011.
>>> Visit the BSC Bitcoin Pre-Sale
Despite their similarities, Bitcoin BSC is not related to BTC, but is a unique ecosystem that relies on staking to reward its owners.
Compared to proof-of-work (PoW) ecosystems like Bitcoin , which consume a lot of electricity and generate heat and noise during mining, Scking is environmentally friendly and requires less energy.
BTCBSC sales are drying up quickly
BTCBSC , the platform's native token, launched with over $1.34 million in revenue against its target cap of $4 million.
The pre-sale consists of two phases: BTCBSC tokens are priced at $0.99 , giving investors the best opportunity to collect tokens before a possible price increase after listing.
Users can purchase these tokens with ETH, USDT, or BNB after linking a trusted crypto wallet to the sales page .
Rewards drive mass adoption
BTCBSC pre-sales are widespread and one of the factors behind its rapid growth is its buy and exchange feature. Users who use the "Buy and Bet" feature receive 69% of the total betting reward offer.
The award will be awarded for 120 years and will demonstrate the long-term vision of the developers. As of September 12, over 659,000 tokens were staked at 399% APY. The exchange rate also acts as a way to combat inflation, which limits the total circulation of tokens.
An interesting roadmap to longevity
The Bitcoin BSC developers have created an interesting and detailed roadmap to achieve major success in the coming months. The first phase is related to pre-sale, where investors purchase BTCBSC for $0.99. The second phase involves the launch of staking, which is the basis of the project, using verified and validated staking smart contracts.
The third phase focuses on the launch of the BTCBSC token on the Smart Chain DEX , with 2% of the total supply allocated to DEX liquidity . Liquidity pools will also be launched to enable fully decentralized community projects. The fourth phase will focus on distributing rewards to users who distribute their tokens daily.
These rewards are calculated every 10 minutes, similar to Bitcoin block times, with a maximum supply of 120 years. BTCBSC is likely to succeed if its community continues to drive global adoption and expansion.
Wall Street Memes (WSM) is a global memecoin revolution
Wall Street Memes is the most successful crypto project in 2023 due to the great success of its initial sales.
>>> Visit the Wall Street meme preview
It started as a meme currency revolution against capitalism, but due to its usefulness, it has evolved into an ecosystem built on the power of a thriving community. With endless memes, staking, commodities, and non-fungible tokens (NFTs), Wall Street's meme ecosystem should reward investors.
WSM pre-sale ends in 2 weeks!
The fact that WSM has raised over $25 million in pre-sales shows investor interest in the token . The WSM pre-sale will likely cause a price increase 14 days after it is completed and listed on a Tier 1 cryptocurrency exchange.
Each token is worth $0.0337 , and users can purchase these tokens by linking a trusted crypto wallet to the pre-sale page and using ETH, USDT, BNB, or a bank card .
Bet on additional prizes
>>> Visit the Wall Street meme preview
Wall Street Memes supports the purchase and exchange of WSM tokens. Users can stake their tokens to earn additional rewards based on the percentage of the staking pool for WSM and APY.
More than $315.76 million worth of WSM tokens have been supplied and the APY on September 12 was 63%. Staking will also protect the long-term value of WSM tokens and prevent users from staking their tokens after staking.
WSM promotes equality and justice; Therefore, there is no special code for the development team, giving all users equal access to pre-sales.
NFTs and commodities add value to the WSM ecosystem
Wall St Bulls Collection is an NFT ecosystem project that increases its utility and global reach. This is a collection of 10,000 unique NFTs hosted on the Ethereum blockchain.
Wall Street Bulls NFT owners will have automatic access to the futures options market, where these bulls can also be sold. Wall St Bulls owners will also have access to other free NFT pools, such as Wall Street Interns and Wall Street Assets.
Additionally, Wall Street Memes plans to release branded merchandise such as t-shirts, hats, and sweatshirts for its community to increase brand awareness. According to this YouTube source , Wall Street Memes (WSM) is changing the game and may be rewarding early investors.
Results
Today's biggest gain comes from the rise in BTC prices over the past 24 hours. Increased investor interest and positive changes in their ecosystems have also contributed to these benefits. Additionally, there are interesting sales that give investors the opportunity to purchase tokens at favorable prices before a possible price increase.
Despite overall improvements, cryptocurrency markets remain volatile and can deviate from expected or historical price movements. Therefore, traders and investors must perform due diligence and properly manage asset risk and exposure to avoid liquidation.