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Arkham (ARKM) trades at $0.42, down 3% on the day, with a bearish cloud hanging over this crypto. Its each day buying and selling quantity is roughly $24 million after rising 18% during the last 24 hours. It boasts a market capitalization of $62 million, putting it at #99 on the CoinMarketCap rating.
The corporate behind the blockchain evaluation platform, Arkham Intelligence, lately introduced a reward of 100,000 ARKM tokens, the native foreign money of the platform, being provided for details about the hacker’s identification that compromised the now-defunct cryptocurrency trade FTX. The whole worth of this reward surpasses $42,000 at present charges.
Featured Arkham Intel Alternate Bounty: The FTX Exploit
Right now we’re highlighting the most important bounty on the Intel Alternate at 100,000 ARKM. It’s for fixing maybe the most important thriller in crypto: the identification of the FTX exploiter.
Context:
Throughout the FTX collapse in November… pic.twitter.com/gRkRLWdH3V
— Arkham (@ArkhamIntel) August 3, 2023
To keep away from spam submissions, individuals should place a deposit of 10 ARKM. The participant who efficiently offers correct info could have their stake refunded. Moreover, individuals ought to present particulars of their findings in context, which can embody analysis, publicly out there information, and respected sources that substantiate the accuracy of their conclusions.
On the top of the FTX fiasco in November 2022, representatives from the crypto agency stated that the trade had skilled a breach resulting in the lack of greater than $415 million price of cryptocurrencies. This incident stood because the second-largest cryptocurrency hack of that 12 months, and to date, no people linked to the occasion have been recognized.
Arkham Worth Sealed in a Downtrend
This announcement by Arkham Intelligence has sparked curiosity amongst crypto traders, with the ARKM value rising 10% on August 3 when the information hit wires from $0.4212 to set a swing excessive of $0.4582. The Arkham value now trades 8% beneath this stage and sits on speedy assist at $0.4105.
Subsequently, a each day candlestick sloe beneath this stage would set off large promote orders that can lower ARKM, bringing round $0.30 into the image.
ARKM/USD Two-hour Chart
Supporting this gloomy outlook are the downfacing transferring averages and downward motion of the Relative Power Index (RSI). The worth of the RSI at 44 advised that there have been nonetheless extra sellers than consumers available in the market, and had been decided to tug the value decrease.
Conversely, a hidden constructive divergence from the RSI implies that the bulls haven’t given up on pushing the ARKM value larger. The each day candlestick shut above the 50 SMA at $0.4351, embraced by the descending trendline, would affirm a bullish breakout.
Key ranges to look at after which might be the 100 SMA at $0.4609 and the 200 SMA at $0.50. This might characterize a 19% uptick from the present value.
You will need to be aware that the Arkham token has been sealed in an prolonged downtrend. These looking for to purchase the cryptocurrency must look forward to a decisive shut above the 50 SMA. In the meantime, traders may flip to new cryptocurrency akin to yPredict (YPRED) in presale with a low risk-to-reward ratio with the potential to make 20x returns in 2020.
ARKM Different
yPredict, an revolutionary AI Crypto Challenge, is witnessing a surge in reputation, having amassed over $3.376 million in funding by the continuing presale.
As an AI-powered token, yPredict offers customers with a complete ecosystem that grants them entry to varied buying and selling instruments, together with AI indicators, sentiment evaluation, AI-driven technical assessments, and services for chart sample recognition.
🌟🚀Unveiling yPredict (YPRED) – the last word AI-powered platform! 🤖📊
📈 Market sentiment evaluation 📉 Chart sample recognition 📈 Superior technical indicators 📢 AI-driven purchase/promote indicators
That is not all! 💼🔗 An AI-backed backlink estimator for search engine marketing professionals & Alt_Pump_001,… pic.twitter.com/FdGDyMWYvV
— yPredict.ai (@yPredict_ai) July 26, 2023
In a current growth, yPredict has launched an AI-supported backlink estimator aimed explicitly at aiding professionals within the search engine marketing subject (Search Engine Optimization).
This revolutionary addition precisely predicts metrics associated to backlink accounts and authority, empowering customers to make well-informed, data-driven decisions.
The undertaking can be dropping the yPredict editor quickly, which is able to present an AI-powered content material answer to writers and content material creators.
Powered by Polygon, yPredict has a complete provide of 100 million. The undertaking has been audited and has acquired KYC approval.
Go to ypredict right here to take part on this undertaking’s presale.
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