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Top Crypto Gainers on September 8th – EGLD 25%, ZEC 12%, RUNE 7%

price chart sept

Elrond is presently riding a strong bull market, leading on with around 25% gain on our 24-hour top gainer’s list. Amid this diminishing alt season occurrence, Bitcoin slumped to unexpected lows, just before the end of last week. While trying to hold the $10,000 support level, the top cryptocurrency has now gained about 2% in …

The post Top Crypto Gainers on September 8th – EGLD 25%, ZEC 12%, RUNE 7% appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.

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Elrond is presently riding a strong bull market, leading on with around 25% gain on our 24-hour top gainer’s list. Amid this diminishing alt season occurrence, Bitcoin slumped to unexpected lows, just before the end of last week.

While trying to hold the $10,000 support level, the top cryptocurrency has now gained about 2% in the last 24 hours, jumping towards $10,250. Ethereum on the other hand is seen to mirror the effect also with around 3% within the same time frame. Ethereum has now settled around the $235 level as more upside is expected.

Below is the list of the crypto markets top performers of the last 24 hours. Some more than others, all featured cryptocurrencies sure left investors with loads of surprises and expectations.

#1. Elrond (EGLD 25% Gain):

elrond-charts

Elrond takes the top spot on today’s list with an impressive 25% gain in the last 24 hours. 

The coin’s market attitude is altogether bullish with 90% of market respondents voting for a bullish run as the trading day stretches into maturity.

EGLD’s price history comprises majority of the lower time frames. On the 24 hours metric, as we already know, the coin gained over 25% and is also positive in the 1-hour timeframe with around 3% gain.

EGLD is currently trading at $14.98 amid a 24-hour market capitalization of $204 million. Within several exchanges, more than $15.2 million EGLD was exchanged in the last 24 hours. 

Technical Points

  • Next key resistance level at $15.0
  • Immediate level of major support lies at $13.0
  • Market bias is generally an uptrend.

#2. Zcash (ZEC 13% Gain):

zcash-charts

For the first time this week, Zcash joins our list of top gainers. The top cryptocurrency is second on this list having gained around 13% within the last 24 hours. 

The coin’s market position is quite positive as traders tend to create long positions in the hope of future gains. 81% of traders are bullish on ZEC. 

Zcash is undergoing some community disruption and has advised node operators to perform a version upgrade to the latest available. This may be part of the reasons for a short term bullish sentiment. 

Within the last year, ZEC is up 33% but also lost 32% in the last one month. The coin is currently trading at $62.64 with market cap stabilizing at $624 million. 

Technical Points

  • General market bias is an uptrend
  • Next support level at $60.0
  • Next key resistance level at $64.0

#3. ThorChain (RUNE 7% Gain):

thorchain-charts

Rune is third on this list with a minor gain of around 7% within the last day.

The top gainer has a reasonable market sentiment as around 80% of traders are going long on RUNE.

In the one year timeline, RUNE gained 3,839% and has gained throughout many other timeframes. In the last month, the coin records 11.2% gain and counting to date.

RUNE is currently changing hands at $0.73 as its market capitalization hovers around $154 million.

Technical Points

  • The next level of major resistance fibs at $0.76
  • Immediate support level at $0.72
  • The general market bias is an uptrend

Source: https://coinpedia.org/price-analysis/egld-zec-rune-price-rally/

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Circle K to Host Bitcoin ATMs Across its Convenience Stores

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Major bitcoin ATM operator Bitcoin Depot has inked a long-term partnership deal with convenience store chain Circle K to install Bitcoin kiosks in the United States and Canada.

Bitcoin Depot and Circle K Partner to Install Bitcoin ATMs

Bitcoin Depot announced the deal via a press release on Thursday (July 22, 2021). According to the company, there are more than 700 Bitcoin ATMs already installed in Circle K locations in 30 states across the U.S.

The partnership provides individuals with a more convenient way to purchase bitcoin, thereby encouraging widespread adoption of the flagship cryptocurrency. Bitcoin Depot already has over 3000 BTC ATM kiosks located in almost every state in the U.S. and also allows users to buy more than 30 cryptocurrencies, including BTC, ETH, and LTC.

Speaking on the latest development, Brandon Mintz, CEO of Bitcoin Depot, said that the partnership deal with Circle K enables the crypto ATM company to expand its services internationally. Mintz also said that the installation of the Bitcoin ATMs would grow the number of customers visiting the convenience store chain while providing financial access to “underserved communities.”

Circle K’s Senior Vice President Global Merchandise and Procurement, Denny Tewell, also made a statement, saying:


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“At Circle K, we are passionate about making our customers’ lives a little easier every day, and we are continually looking at ways to enhance their experience in our stores and be their favorite shop for a growing range of needs and occasions.”

Tewell  added:

“Our partnership with Bitcoin Depot further builds on this commitment, giving our brand an important, early presence in the fast-growing cryptocurrency marketplace as a convenient destination where customers can buy Bitcoin.”

Bitcoin ATMs Continue Exponential Growth

The growth of crypto ATMs globally signals an increasing demand for bitcoin and other cryptocurrency assets. According to data from Coin ATM Radar, there are currently 23,915 crypto ATMs in 75 countries, up from 11,665 ATMs recorded in November 2020. This shows that the number of machines has more than doubled in eight months.

Statistics further show that the United States continues to lead with over 21,000 Bitcoin ATM locations, controlling more than 86% of the market. Canada comes second with BTC ATMs installations in 1696 locations, amounting to 6.8% of the world total.

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Source: https://cryptopotato.com/circle-k-to-host-bitcoin-atms-across-its-convenience-stores/

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Jack Dorsey Sees Bitcoin as a Big Part of Twitter’s Future

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Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future.

  • Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call.
  • During the call, Jack Dorsey discussed many things, but Bitcoin and digital currencies took somewhat of a central stage, especially in light of current events and the fact that he’s been talking about it quite a bit.

I think this [read: Bitcoin] has a big part of our future. I think there’s a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it. – Said Dorsey.

  • He also stressed on the fact that if there were a global currency of the Internet, Twitter would benefit a lot because it could move quickly with some of its products such as the Tip Jar, Subscription, Commerce, Super Follows, and so forth.
  • The CEO has been quite vocal about the importance of Bitcoin and its mass adoption.
  • Earlier, as reported by CryptoPotato, the CEO revealed that his financial services company, Square, plans to build a hardware Bitcoin wallet to improve and spread its adoption.
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Source: https://cryptopotato.com/jack-dorsey-sees-bitcoin-as-a-big-part-of-twitters-future/

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‘Wolf Of Wall Street’ Jordan Belfort: Elon Musk Is Filthy Rich To Pump And Dump Bitcoin

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Binance CEO CZ Lambasts Tesla CEO Elon Musk For 'Irresponsibly' Manipulating The Crypto Market

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Jordan Ross Belfort, best known as the “Wolf of Wall Street” portrayed by Leonardo DiCaprio, doesn’t believe that Tesla/SpaceX CEO Elon Musk really manipulates crypto prices contrary to countless claims.  

Speaking with Fox Business on Thursday, Belfort posited that Musk is stinking rich to be pumping and dumping dogecoin, bitcoin, or other cryptocurrencies in order to make a quick buck off of it. 

“I like Elon Musk and I think he’s rich enough. He doesn’t have to make an extra few dollars pumping and dumping.”

Jordan Belfort, the former Wall Street penny-stock broker who pleaded guilty to stock market fraud in 1999, explained that while Musk himself might not be pumping and dumping, traders might be using his endorsement and they pump and dump around the hype that the billionaire tycoon creates.

Musk, famous for his odd-timed tweets, has constantly been accused of being a master manipulator. Notably, his tweets on major cryptocurrencies like DOGE and BTC, have sent their prices up and down within seconds.

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At The B Word conference held on Wednesday, Musk shared details of the three cryptocurrencies that he personally owns as well as the cryptos held by his two companies. He also admitted that he might occasionally pump crypto prices, but he doesn’t dump. “If the price of bitcoin goes down, I lose money,” Musk explained.

The Tesla chief went on to state that he is interested in seeing bitcoin succeed — not just getting the price high and cashing out at higher prices.

Belfort, however, maintains that Musk is most likely “inadvertently being used” to pump and dump cryptocurrencies. 

Belfort Is Hoping Bitcoin Price Rips Lower

During his interview, Belfort also affirmed that he is invested in bitcoin (BTC), and ethereum (ETH) and is in it for the long haul. In fact, he hopes the price of the bellwether cryptocurrency falls again to as low as $5K per coin so that he can grab some more.

“I would love it to go lower because I’m a long-term investor so I don’t care if it goes up or down in the short term. I would love it to go back to $5000 and buy a ton of it here and that would be a great thing.”

This image has an empty alt attribute; its file name is a0l8zUyF.png
BTCUSD Chart By TradingView

At the time of publication, the bitcoin price is in the process of attempting a sustained breakout above $32,400 where the price has been hovering for 48 hours or so.

The Wall Street criminal-turned-author also noted that no one actually knows where the price of bitcoin goes next and if anyone says they do, they are definitely lying.

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Source: https://zycrypto.com/wolf-of-wall-street-jordan-belfort-elon-musk-is-filthy-rich-to-pump-and-dump-bitcoin/

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