by Penny Angeles-Tan | Oct 15, 2024 | Business
Is it true that Solana price will soon reach the $210 level? Check out the analysis in this article because it will explain in detail why Solana could experience an increase in the near future.
Solana has received positive news recently, ranging from an increase in the number of users to the potential for a price increase of hundreds of times. In this article, you will find out that the potential Solana price rise at $210 is true for five reasons that will be discussed.
Check out this article to find out exactly what Solana will look like in the future.
1. Solana Crosses Resistance Level
Solana is predicted to reach the $210 level no later than 2025. One of the conditions for Solana to reach this price is if SOL can pass the resistance level at $148.16.
And surprisingly, Solana can easily reach this resistance level. When this article was written on October 14, the SOL price was trading at $152.92, surpassing the price target of $210.
You can see, several indicators in Solana price chart The above also shows the positive side. SOL’s RSI is at 72, far exceeding 50 as the balance limit for buying and selling trends. However, this figure is a sign that Solana is in a phase that is prone to over-buying.
Solana’s MACD shows a rise from the boundary line. If it continues like this, Solana’s bullish trend will occur. Moreover, the value of the BoP figure is also close to positive with a value of -0.11, which means that although the selling market still dominates compared to the buying market, it will soon be at a positive figure. So, the bullish trend is also optimistic from the existing BoP data.
2. Solana has 100M Active Wallets
Recently, active wallets on Solana reached 100 million users. This number is of course a big achievement for Solana because previously, at the beginning of 2024, the number was only 509,000 active wallets and now it has increased many times.
However, unfortunately, as quoted from Solana Hello Moon, a number of wallets actually have empty balances. The number of empty wallets is not small, but 86 million users. In fact, 15.5 million users only have 1 SOL in their wallets and 1.5 million wallets only have 10 Solana tokens.
Even though many wallets were empty, Solana also saw an increase in active addresses on its network. From the initial number of 3 million active addresses, it increased by 15% and became 3.47 million.
This increase in active addresses indicates that Solana has increasingly strong fundamentals so more investors trust Solana.
3. Popularity of Memecoin in the Solana Ecosystem
Recently, various new meme coins have emerged from the TON network with the Telegram game concept. Despite this, the popularity of meme coins on the Solana network remains superior.
Quoted from Dune Analytics data, Pump.fun, one of the meme coins on Solana, even achieved cumulative revenue of up to $127.8 million. This figure is of course very large.
Conclusion: from #Uptober to Trump’s Popularity for Solana
October is always a good month for Solana. This is why Solana token holders are optimistic that SOL will experience a significant price increase shortly.
Not only that, Solana is also predicted to experience a price jump of up to 400x if Donald Trump is elected president of the United States in the next period. This is because Trump’s policy of supporting crypto is analyzed as being more likely to benefit Solana. If this happens, Solana could outperform Bitcoin and Ethereum.
If you are interested in buying Solana tokens, don’t just buy the token without doing some research. Find out what the current condition of Solana is, the price of SOL to USD, to thoroughly study the fundamentals of this token. That way, you can know what the risks are when investing in this token.
by Penny Angeles-Tan | Oct 14, 2024 | Business
From conflicts between countries to global economic conditions, #Uptober 2024 is pessimistic to be present. Crypto coin prices are very volatile. Will #Uptober 2024 still happen? Read the full explanation in this article.
October is always an exciting month for the crypto ecosystem with its trending hashtag #Uptober. The reason is, that this month has a history of increasing coin prices, including Bitcoin. Moreover, Bitcoin also has a curse about September which always makes its price decrease.
However, October 2024 seems different compared to previous years where there has been movement since the beginning of the month. What is the condition of the crypto ecosystem in October this year? Will the tradition of price increases just come too late this month or will this year be an exception? Check out the complete analysis in this article.
Crypto Market in October 2024
Starting from Iran’s attack on Israel on October 1, the investment world was affected, including the crypto ecosystem. The majority of crypto coins experienced a decline in price, including large coins, such as BTC, ETH, SOL, USDT, and XRP.
The launch of various coins from Telegram games such as CATS also experienced a decrease in hype so the price did not match expectations, even far below the pre-market price.
Bitcoin Price is even known to have experienced a decline of up to $5000 until October 3, leaving it at the level of $61,000. Other tokens are in the red zone without being able to avoid unclear market conditions.
Bitcoin Price Conditions when #Uptober is Late
Now, October has entered its second week. Until now, the condition of the crypto market is still unpredictable, it is still very volatile. When this article was written, crypto market conditions were very good. The majority of tokens are in the green zone with not too significant increases.
However, Bitcoin price still hasn’t been able to surpass the price increase in September which is known as the curse of falling prices. Quoted from u.today, in an article written on September 28, the price of Bitcoin touched the $66,000 level in the last week. However, currently, Bitcoin is still stuck priced at $64,000 with conditions fluctuating since early October.
Above is the condition of the Bitcoin price chart when this article was written on October 14. As can be seen, the price of this coin king is $64,434 with an increase of +2.56% in 24 hours. Previously, BTC was at its highest price in a similar period at $64,860.
This highest price has actually passed the resistance phase which crypto analysts predict will be able to bring BTC to experience a price spike of up to $70,000. However, the highest price quickly fell and made BTC unable to maintain the resistance price for a long time.
Conclusion: Will #Uptober 2024 Be Here Soon?
#Uptober has become a tradition in the crypto ecosystem by using data from the last 5 years and showing similar trends, namely the increase in token prices in October.
Even though October 2024 looks quite pessimistic for crypto to experience the #Uptober tradition due to various conditions, in fact in previous years #Uptober did not happen immediately at the beginning of October.
In 2020, Bitcoin prices appeared weak until October 16 and only experienced a significant increase of up to 30% in the following two months. In 2021, the condition of the crypto ecosystem was also very volatile in October.
#Uptober in 2023 also only starts in mid-October with a steady price spike at the end of November.
With the data above, we can still be optimistic about #Uptober 2024. What is certain is that you can continue to follow the latest news about the crypto ecosystem by accessing the Bitrue website. Price checking Bitcoin to USD It can also be done easily with Bitrue so you don’t need to change websites.
To check how to buy Bitcoin tokens and others for those of you who have just joined the crypto ecosystem, Bitrue has various features that can help you carry out independent research.
by | Oct 14, 2024 | Business
At the 2024 Trade Expo Indonesia (TEI), Kimming Yap, Managing Director of Creativeans, was one of the keynote speakers at the Indonesia-Singapore Business Forum. The forum aimed to bridge trade relations between the two countries through branding innovation and market expansion strategies.
The Ambassador of the Republic of Indonesia to
Singapore, H.E Suryo Pratomo; Vice Minister of Trade of the Republic of
Indonesia, Dr Jerry Sambuaga; and CEO of Singapore Manufacturing Federation (SMF), Mr. Dennis Mark, officially opened the forum, expressed support for strengthening
trade relations between the two nations. In addition to presenting Indonesia’s
economic outlook for the past five years and future projections, they emphasised
the importance of cross-border collaboration in expanding Indonesian SME
markets and supporting the entry of Singaporean businesses into Indonesia. The
event was hosted by Yulia Saksen, while Edmund Ong, CEO of BridgifyAsia,
moderated the panel discussion.
In addition to
Kimming Yap, other key figures participated in the panel, including
Jarius Draslaric, Chairman of the Lifestyle Industry Group (SMF), who discussed
the importance of innovation and adaptation in the lifestyle industry for local
products to compete internationally. Shoeb Kagda, Chairman of SingCham
Indonesia, highlighted the bilateral trade opportunities and synergies between
businesses from both countries. Christie Lumban Gaol, Vice President of
Corporate Banking at Bank Mandiri, also participated, discussing the role of
banking in supporting SME growth through financing and financial
infrastructure.
During the
discussion, Kimming Yap highlighted the enormous potential of Indonesian SMEs
to thrive in the Singaporean market but stressed that the biggest challenge
they face lies in branding and packaging. “While many Indonesian products
are of high quality and ready to compete, they still need improvements in
packaging and branding to be accepted in international markets,” said
Kimming Yap. Therefore, implementing the right branding strategies is crucial
for Indonesian SMEs to compete on the global stage.
Furthermore,
Kimming also discussed the vast opportunities for Singaporean companies in
Indonesia’s rapidly growing market. “With strategic cooperation and
understanding of local consumer behaviour, Singaporean businesses can take advantage
of the opportunities to expand their markets in Indonesia,” he explained.
He also emphasised the importance of partnerships to address logistical and
supply chain challenges often faced by local companies in both countries.
The forum was
attended by stakeholders and business leaders from Indonesia and Singapore, who
together explored opportunities to strengthen trade, build dynamic
collaboration platforms, and facilitate dialogue between the two nations, which
have shared diplomatic relations for 57 years. According to the latest data,
bilateral trade has reached USD 31 billion, with USD 15.4 billion in direct
investment from Singapore to Indonesia.
This strategic
collaboration is expected to not only open up new market access but also
increase the exposure of local products, making them more recognised on the
international stage. The innovation mirrors the collaboration between
Creativeans and BridgifyAsia, where the two work together to help Singaporean
companies access the Indonesian market and vice versa. This partnership
provides logistical ease, increased product exposure, and effective branding
strategy planning for both parties.
Creativeans is
an award-winning brand consultancy and venture studio that has collaborated
with global companies based in Singapore, Jakarta, and Milan. With years of
experience in international marketing, Creativeans remains committed to adding
value to companies in Indonesia and Singapore, supporting their business growth
to go international.
by | Oct 14, 2024 | Business
Southeast Asia’s digital economy is on track to surpass $1 trillion by 2030, posing both opportunities and challenges for businesses in AI, health, and sustainability. In this discussion, Kailash Raghuwanshi, a seasoned business strategist, shares insights on how companies can navigate these sectors and turn obstacles into growth opportunities. With a decade of experience across Southeast Asia, Raghuwanshi emphasizes the need for strategic leadership in addressing these challenges
Southeast Asia is at a critical juncture. With its digital economy set to exceed $1 trillion by 2030, businesses across the region face unprecedented opportunities and challenges. From AI innovations to health sector reform, and the pressing need for sustainability, companies are navigating uncharted waters. But surviving and thriving in this fast-paced environment requires more than just innovation—it demands strategic leadership.
In an effort to understand more about the growth, complexities, and opportunities in Southeast Asia, we sat down with Kailash Raghuwanshi, a business strategist who has been deeply involved in the region’s growth and development. Known to many as “Kai,” he has witnessed firsthand the challenges businesses face as the market evolves and presents new hurdles, from digital transformation to sustainability demands.
Kailash Raghuwanshi brings a decade-long experience across Southeast Asia, the US, and China. As a New York graduate, his expertise spans leading fintech ventures in Indonesia, managing high-impact joint ventures in Vietnam, and gaining valuable experience as a Director at a Shanghai-based public health venture backed by the Gates Foundation. Kailash’s expertise spans multiple sectors. His ability to guide businesses through growth and change is informed by deep regional knowledge and hands-on leadership experience.
Question: What’s the biggest challenge for businesses in Southeast Asia today?
Kailash: It’s a blend of talent shortages, regulatory hurdles, and climate risk. Indonesia faces a shortage of 600,000 tech professionals annually, while Singapore needs to boost its digital talent pool by 55% by 2025. Climate change adds another layer of complexity, with 25% of the population vulnerable to flooding and other climate disasters. Companies need to be agile and have strong leadership to navigate these intersecting challenges.
Question: AI is a hot topic everywhere. How can businesses start integrating it?
Kailash: AI has the potential to revolutionize industries, but the key is starting small. 35% of businesses in Southeast Asia are already using AI to optimize operations, but those just beginning should focus on areas where AI can make an immediate impact—like streamlining logistics or using predictive analytics to anticipate consumer behavior. Once they see results, scaling AI becomes easier.
Question: As you have worked in health ventures, What are some of the biggest health challenges in Southeast Asia, and how do sustainability and waste management factor into them?
Kailash: Health challenges in Southeast Asia are complex, with 46% of the population lacking access to essential services. Sustainability plays a crucial role in addressing these issues—especially when it comes to waste management in healthcare. Improper waste disposal exacerbates public health risks and environmental degradation. Tackling these challenges requires innovative solutions, like using AI to manage resources efficiently, reducing waste, and ensuring healthcare services reach underserved populations. Businesses and governments need to collaborate to integrate sustainable practices into the health sector for long-term impact.
Question: Climate change is top of mind for everyone. What should businesses do to prepare?
Kailash: Climate resilience is no longer optional. It’s estimated that Southeast Asia’s GDP could drop by 11% by 2100 if we don’t act. Businesses need to integrate sustainability into their core strategies, using AI to predict climate risks, reducing carbon footprints, and building resilient supply chains. Companies that fail to take action now will find themselves behind the curve.
Question: What excites you the most about Southeast Asia’s future?
Kailash: The rapid transformation. By 2025, the region’s digital economy could account for 8.5% of GDP, and we’re seeing new opportunities in AI, health, and sustainability daily. Southeast Asia is uniquely positioned to leapfrog traditional development paths, adopting the latest technologies to drive growth and create solutions that can be exported globally.
A Path Forward: Navigating Growth in Southeast Asia
As Southeast Asia’s digital economy continues to accelerate, businesses face an exciting yet challenging future. Success will come to those who can balance innovation, sustainability, and adaptability. The region offers endless opportunities, but only for those ready to face the complexities head-on, with the right leadership in place.
by | Oct 13, 2024 | Business
VRINETWORKS and POCKETALK will hold a free online seminar titled “How to Eliminate Language Barriers by Using AI” on October 16, 2024. The seminar will explore how AI can help the hospitality industry overcome cross-language communication challenges. POCKETALK’s AI solutions will be introduced, along with case studies demonstrating how these technologies improve customer experiences and operational efficiency. The event is open to industry professionals interested in learning about innovations in cross-language communication.
Jakarta, October 16, 2024 – VRINETWORKS and POCKETALK proudly announce their collaboration in an online seminar titled “How to Eliminate Language Barriers Using AI,” scheduled for October 16, 2024. This seminar aims to help the hospitality industry overcome cross-language communication challenges using AI technology.
■Event application form
【Seminar Details】
Theme: How to Eliminate Language Barriers Using AIDate
October 16, 2024Time: 1:00 – 2:00 PM (Jakarta Time)/16, 2024Time: 2:00 – 3:00 PM (Malaysia Time)
Platform: Zoom (Online)
Event application form
Fee: Free
Organizers: VRINETWORKS and POCKETALK
Key Topics:
AI solutions for cross-language communication in hospitalityPOCKETALK’s AI tools for efficient customer communicationCase studies demonstrating enhanced customer experiences and operational efficiency
This free seminar is ideal for hospitality professionals and business leaders seeking innovative solutions for global communication challenges.
by | Oct 11, 2024 | Business
UEM Edgenta Berhad (UEM
Edgenta), Malaysia’s leading provider of integrated asset management and
infrastructure services, in collaboration with The Lost Food Project, is proud
to announce the remarkable progress of the Saving
Animals, Serving Community campaign through the Pet Food Project (PFP) from
January to July 2024. As the first initiative of its kind in Malaysia, this
groundbreaking project is dedicated to rescuing surplus pet food and
redistributing it to animals in need, thereby fostering a more sustainable and
compassionate community.
UEM Edgenta, the sole
corporate partner in this first-of-its-kind collaboration, has been
instrumental in driving the success of the Pet Food Project. Over the past six
months, the project has successfully diverted 5,496 kilograms of surplus pet
food from landfills, bringing the total amount of rescued pet food to an
impressive 12,724 kilograms since the project’s initiation. This surplus has
been distributed to individual cat and dog rescuers, shelters, and feeders
across the Klang Valley and beyond, ensuring that countless animals receive the
nourishment they need.
The success of the Pet Food
Project highlights UEM Edgenta’s commitment to innovation in community support
and sustainability. By partnering with The Lost Food Project, UEM Edgenta has
enabled the PFP to engage individuals and local businesses in combating pet
food waste. This effort has rescued 5,490 kilograms of pet food, prevented
36,935 kilograms of CO2 emissions, and supported over 50 shelters, rescuers,
and feeders. It has also delivered 50,384 meals to cats and kittens and 8,833
meals to dogs, enhancing the well-being of countless animals. At the same time,
this initiative has significantly reduced the environmental impact of food
waste, making a lasting difference in the community
As PFP moves beyond its pilot
phase, UEM Edgenta and The Lost Food Project are committed to integrating the
valuable learnings and connections established to ensure the continued success
and growth of the initiative. Insights gained from the pilot, including the
specific needs of animal shelters and the logistical challenges of surplus pet
food distribution, will be leveraged to refine processes and make them more
efficient and responsive to community needs.
Sharing his thoughts on the
initiative, Syahrunizam Samsudin, MD/CEO, UEM Edgenta, emphasised “At UEM
Edgenta, sustainability is not just a business objective; it is an integral
part of our commitment to creating lasting value for the communities we serve.
The ‘Saving Animals, Serving Community’ campaign, in partnership with The Lost
Food Project, exemplifies this commitment by addressing the critical issue of
pet food waste while enhancing animal welfare across Malaysia. As the only corporate
partner of this groundbreaking initiative, we
are proud to be at the forefront, which aligns with our broader vision of
driving innovation and fostering social responsibility. As we continue to scale
this effort, we remain dedicated to building meaningful, sustainable
partnerships that make a tangible difference in society.”
In addition to this
initiative, UEM Edgenta proudly served as the main sponsor of the “Potong
Royong” programme, in collaboration with Society for the Prevention of
Cruelty to Animals (SPCA). This vital campaign successfully neutered 680
animals, including over 500 cats and 150 dogs, helping to manage the stray
animal population and promote responsible pet ownership. SPCA has been UEM
Edgenta’s trusted partner since 2023. Through the Company’s continued
sponsorship in 2024, this collaboration further underscores the UEM Edgenta’s
enduring commitment to both animal welfare and community sustainability.
Building on the success of these initiatives, UEM Edgenta will continue to
strengthen its collaboration with other like-minded organisations. The Company
is dedicated to expanding its efforts in reducing pet food waste, enhancing
animal welfare, and driving sustainable, community-focused solutions across
Malaysia.
For further information on UEM Edgenta’s CSR
programmes and its journey in sustainability, log on to https://www.uemedgenta.com.
(fourth from right) Wan Laila Fatihah,
Head, Corporate Communications, UEM Edgenta Berhad and (third from left)
Daniel Devadason, General Manager, The Lost Food Project together with
representatives of UEM Edgenta symbolically handing over rescued pet food to
TLFP.
(left)
Wan Laila Fatihah, Head, Corporate Communications, UEM Edgenta Berhad together
with (right) Daniel Devadason, General Manager, The Lost Food Project at a
recent pet food rescue programme.
A
representative of UEM Edgenta Berhad with one of the many feline recipients of
the rescued pet food under the Pet Food Project following the
collaboration between UEM Edgenta and TLFP.
by Ferry Bayu | Oct 11, 2024 | Art and Science
Banwa Private Island is proud to share its recent initiatives supporting biodiversity conservation through art and education. As a top 10 Philippine area for sharks and rays, we are dedicated to preserving our diverse ecosystems and are proud to be recognized for our efforts.
The one-night-only “Biodiversity in Full Color” art exhibition showcased the stunning artworks of Samantha Kaspar, a talented artist with a passion for nature. Her paintings highlight the island’s rich biodiversity, inspiring viewers to appreciate and protect our natural world.
Banwa Private Island’s commitment to conservation extends beyond its role as a sanctuary for marine life. The island has undertaken important research projects, including studies on the native Tabon Bird (or Philippine Megapode) and Mantanani Scops Owl, as well as initiatives to preserve the indigenous beach forests where these species nest.
Ms. Janet Oquendo, Island Manager, stated, “Samantha’s artworks beautifully capture the essence of our island’s biodiversity. We’re honored to support her and continue contributing to its preservation.”
The photo shows Ms. Samantha Kaspar standing in front of the bed headframe coral artwork at the Northeast Principal Villa on Banwa Private Island (above photo of the collage). This stunning piece, inspired by the island’s thriving coral reef, served as one of her painting inspirations for the recent art exhibit (below photo of the collage). The bed headframe’s design is a testament to the Aquos Foundation’s Reef Ball regeneration project.
In addition to the art exhibition, Banwa Private Island’s Aquos Foundation, a non-profit organization dedicated to marine conservation, partnered with the Tubbataha Reefs Natural Park Management Office to introduce the book “Mga Hero ng Planetang Blue” to local students, inspiring them to become environmental guardians.
Our commitment to supporting initiatives that promote biodiversity conservation and sustainable practices is unwavering. We are dedicated to preserving our diverse ecosystems and are proud to be recognized for our efforts.
Banwa Private Island is proud to support the ASEAN Centre for Biodiversity and its initiatives to raise awareness about biodiversity conservation through art and education.
The one-night-only “Biodiversity in Full Color” art exhibition, a culmination of our conservation and art initiatives, showcased the stunning artworks of Ms. Samantha Kaspar, a talented artist with special needs whose passion for nature is evident in her vibrant paintings. Her works featured a diverse array of species, from colorful birds and fish to intricate corals and plants.
As a testament to its efforts, Banwa Private Island was recently recognized as one of the Philippines’ top 10 Important Shark and Ray Areas. This recognition highlights the island’s critical importance in preserving these vulnerable species and their habitats. To further bolster its conservation efforts, the island has undertaken important research projects, including studies on the native Tabon Bird (or Philippine Megapode) and Mantanani Scops Owl, as well as initiatives to preserve the indigenous beach forests where these species nest.
Ms. Janet Oquendo, Island Manager of Banwa Private Island, stated, “Aquos Foundation’s mission to protect marine ecosystems deeply resonates with Ms. Samantha’s beautiful and evocative artworks. Her paintings capture the essence of the underwater world, reminding us of the delicate balance of nature. We’re honored to have supported her and to continue contributing to the preservation of our island home’s fragile ecosystems through our conservation initiatives, including research on native species and habitat preservation.”
In addition to the art exhibition, Banwa Private Island’s Aquos Foundation, in partnership with the Tubbataha Reefs Natural Park and World Heritage Site Management Office, recently held an inspiring event for students from Tumarbong Elementary School. The event featured the introduction of the book “Mga Hero ng Planetang Blue,” produced by the ASEAN Centre for Biodiversity. The book inspires young readers to become guardians of our planet.
‘Biodiversity in Full Color’ art exhibit was a resounding success, demonstrating the power of art to connect people with nature and inspire action. Banwa Private Island remains committed to supporting initiatives that promote biodiversity conservation and sustainable practices, both through art and education.
by Penny Angeles-Tan | Oct 10, 2024 | Business
Top Altcoin assets are getting negative sentiment from the crypto community. This article will explain the current conditions of XRP, Solana, and Ethereum. Read the explanation until the end whether all three have the potential to increase in price.
Santiment, a crypto analysis company, stated that the crypto community is currently giving negative sentiment toward Altcoins, especially their major assets. However, this provides an opportunity for several major assets to experience price increases. Is that true?
You can see the analysis of several coins, namely XRP, Solana, and Ethereum in this article. The analysis will take the form of reading the price chart at the time this article was written so that you can get additional data to consider before buying these tokens.
Current Crypto Market Conditions
According to data from Santiment, the top 20 Altcoins receiving negative sentiment are:
Currently, the crypto market is experiencing a decline in prices for the majority of its tokens. Large tokens, such as BTC, Solana, Ethereum, XRP, and USDT price are currently in the red zone.
The size of the price drop varies, from -0.03% to Solana’s -3.19%. Of course, the reason for this price decline cannot be analyzed using just one indicator because there are many factors, ranging from global economic conditions, and conflicts between countries, to the most recent release of the HBO documentary about the revelation of the figure of Satoshi Nakamoto.
XRP: Potential to Break $12?
XRP Price today it is down by -1.03% so it is trading at $0.5251. Previously, XRP was at its highest price of $0.5345 in the last 24 hours.
XRP’s RSI value is below 50 so the selling trend is more dominant than the buying trend. The MACD line is also seen declining. With this data, the decline in XRP prices is natural.
However, the macroeconomic waves that are predicted to occur make XRP look positive for price increases. In fact, XRP holders and the community hope that the price of this token can reach the $12 level.
This high target price could be achieved because currently, XRP is applying for a second XRP-based ETF in the United States. If this ETF is approved, it is likely that XRP will experience a drastic price increase.
Solana: Price Rises if Trump Wins
A giant global banking company, Standard Chartered, predicts that Solana will experience a price increase of up to 5 times by 2025.
This prediction will allow Solana to outperform BTC and ETFs for its total market capitalization. And this prediction could happen if Donald Trump is elected as president of the United States for the next period.
Standard Chartered predicts that by 2025, SOL will rise 5x, ETH will rise 4x, and BTC will rise 3x. This is because the Trump administration with its regulations supports Solana more than all existing crypto assets.
At the moment, Solana price is experiencing a decline of -3.46% and is trading at $138.05. Even though the percentage decline in SOL is greater than other major assets, the RSI value of SOL is actually at 50.62, which means the buying and selling trends are balanced.
Even though the RSI value is still positive, Solana’s MACD line has dropped quite low which predicts a bearish trend could occur in the near future.
Ethereum: ETH Price Rises if Vitalik Buterin Wins Nobel Prize?
Vitalik Buterin is predicted to win the Nobel prize on October 14 as a figure who innovated a new currency. Vitalin Buterin is known as a figure who can revive the blockchain ecosystem and encourage Ethereum as a competitor to Bitcoin.
If the founder of Ethereum really gets the Nobel, Ethereum price can rise because many investors are interested in this cryptocurrency.
Currently, Ethereum is experiencing negative sentiment because its price continues to fall. An increase in the price of ETH did occur, but it did not last long and then immediately decreased again.
You can see from the price graph above, that ETH experienced a price decline of -2.17%. Currently, the price of Ethereum is $2,382 and was previously at a 24-hour high of $2,472.
Will Ethereum be free from negative sentiment and be able to penetrate the $2,600 level as crypto analysts predict?
Conclusion
That is an explanation of the current conditions of XRP, Solana, and Ethereum. For those of you who are interested in these three coins and want to do more in-depth research, you can check them on the Bitrue website.
You can use Bitrue features for free to check the price of crypto coins and keep up-to-date on the various projects in the crypto ecosystem.
by Penny Angeles-Tan | Oct 10, 2024 | Business
Since the HBO documentary about crypto was released, Peter Todd’s name has been in the news because he is accused of being the figure behind Satoshi Nakamoto. Is that true? Check out the explanation below.
The mysteriousness of Bitcoin’s creator seems to have caught the world’s attention. In fact, HBO has made a documentary entitled “Money Electric: The Bitcoin Mystery”. In the film, HBO claims that they discovered Peter Todd as the creator of Bitcoin.
Is the prediction true? Why is Peter Todd claimed to be Satoshi Nakamoto? Read the full explanation in this article.
Who is Peter Todd?
Peter Todd is a name that is currently booming after being said to be the figure behind Satoshi Nakamoto, the creator of Bitcoin who until now has never shown his figure to the public. Cullen Hoback, the director of “Money Electric: The Bitcoin Mystery” stated that he had strong evidence for the inclusion of Peter Todd’s name.
The accusations from the HBO film were immediately denied by Peter Todd. He even stated that this accusation was like a joke from a famous director because Satoshi Nakamoto couldn’t be him.
Many crypto observers also disagree with this because if you trace it logically, Peter Todd was still in his teens at that time and had still finished school.
Peter Todd even clearly stated that Cullen Hoback could have covered up the facts so that his name would be dragged into this matter.
Betting on Polymarket
Before the HBO documentary was released, a betting project had been circulating on Polymarket. There are many candidates mentioned there as targets regarding the revelation behind the figure of Satoshi Nakamoto who could be mentioned in HBO’s latest film.
However, there was no Peter Todd’s name in the betting selection. So, when people want to say the name, Peter Todd, they have to choose “Other”.
Before the film was released, the bet amount had reached $44 million.
Bitcoin and Its Mysterious Creator
Since its initial appearance in 2009, Bitcoin has taken the financial world by storm, especially digital investment. And since then, Satoshi Nakamoto has never been revealed to the public.
There are allegations that Satoshi Nakamoto is Japanese, as his name suggests, who has lived in England for a long time. The alleged place of residence is because someone has analyzed that some of the words written on White Paper Bitcoin are words commonly used by British people, not Americans.
Another suspicion is that Satoshi Nakamoto is not an individual, but a group. This is because the Bitcoin operating system is so complex and it seems impossible for just one person to do it.
Several figures have been named as candidates behind Satoshi Nakamoto, such as Dorian Nakamoto, Craig Wright, and Elon Musk.
The name Dorian Nakamoto is said to be a figure from Japan who lived for a long time in California. However, he was immediately denied because at that time Dorian Nakamoto was in a mediocre condition because he had been unemployed for a long time.
Craig Wright is the figure who confirms the accusations. He provided evidence that he was indeed Satoshi Nakamoto, including evidence that he wrote the Bitcoin White Paper. However, many crypto communities denied this and even the High Court had to take over and provide strong evidence that he was not Satoshi Nakamoto.
Elon Musk is said to be the figure behind the creator of Bitcoin because he was recommended by one of his employees at SpaceX. However, Elon Musk immediately denied this and stated that he was not Satoshi.
Conclusion: Current State of Bitcoin
Who is the original creator of Bitcoin is deliberately not revealed. The goal is simple, namely as a way to keep Bitcoin’s value-neutral without having to look at who the creator or parent owner is.
In the approximately 15 years since it was created, the value of Bitcoin has continued to soar. When this article was written on October 10, Bitcoin was priced $61,055 which means it has experienced a decline of -1.77% in 24 hours. This decline could have arisen from speculation about Satoshi Nakamoto’s figure by HBO.
Even though Bitcoin has experienced a decline in price today, the RSI value is actually above 50 so the buying trend is still dominant over the selling trend. The MACD line is also still above the limit line. That way, there is a possibility that Bitcoin will experience a bullish phenomenon shortly.
Convert value from BTC to USD is indeed strong. It’s no wonder that this coin is increasingly popular with investors and many are HODLing it.
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by | Oct 10, 2024 | Business
The Regional Knowledge Centre for Marine Plastic Debris, in collaboration with the Institute for Global Environmental Strategies, will officially launch Phase II of the ‘Breaking the Plastic Habit in Asia’ project.
The Regional
Knowledge Centre for Marine Plastic Debris, in collaboration with the Institute
for Global Environmental Strategies, will officially launch Phase II of the
‘Breaking the Plastic Habit in Asia’ project.
We invite you
to join the launch event:
Date: October
18, 2024
Time: 10:00 AM
– 12:00 PM Jakarta Time
Registration: https://crm.iges.or.jp/public/application/add/5479
The public
event will convene leaders from government, academia, civil society, and
international organizations to share best practices, key findings, and explore
collaboration opportunities for sustainable reduction of
plastic waste in ASEAN. The event will feature keynote addresses by environmental
leaders and presentations from pilot teams representing six ASEAN countries.
Discussions will focus on how Behavioural Insights can drive long-term changes
in plastic consumption habits.
Phase I
successfully tested innovative approaches to reduce plastic waste in ASEAN
countries by nudging people
not to use single-use plastics. Examples
include no free plastic bags, no free plastic straws, separate garbage boxes
with display of segregated items, and awareness raising campaigns In Phase II,
the project will further explore how behavioural changes can complement
existing policies, such as bans and taxes. A new measurement framework will
also be introduced to evaluate the effectiveness of ‘the Behavioural Insights
interventions. This phase will produce practical tools and case studies to
guide policymakers, businesses, and civil society in implementing behaviour-centred
solutions.
A
capacity-building workshop on 16-17 October 2024 will prepare selected partner
organizations to implement local projects from January to August 2025. The
implementing partners for Phase II include:
· From Cambodia, Ministry of Environment
· From Indonesia, Center for Southeast Asian Studies
· From Lao PDR, Econox Laos – Plastic Free Laos Label
· From the Philippines, Institute of Civil
Engineering, University of the Philippines Diliman
· From Thailand, Department of Environmental Science,
Faculty of Science, Chulalongkorn University
· From Viet Nam, Nopa
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