Latest news with #Dastan
Yahoo
a day ago
- Business
- Yahoo
Moon or Doom: Where Does XRP Price Go Next?
The XRP Army has drawn the line: the $3 price mark is now their battlefield. But, at the moment, traders can't seem to decide if XRP is headed to the moon or back down towards doom. After hot inflation data dampened jumbo rate cut hopes earlier this week, XRP dropped 6.4%—right down to that pivotal $3.00 mark that could define the crypto asset's next major move. On Myriad, a prediction market created by Decrypt's parent company Dastan, traders remain slightly bullish despite the correction. Myriad users give XRP a 63.7% chance of reaching $4 or higher (the moon scenario) versus 36.3% odds of crashing back down to $2 or below (doom). So who's right? XRP price: The technical puzzle XRP, the cryptocurrency created by the founders of payments company Ripple, presents a technical puzzle that explains why traders are currently so divided. For reference, even at just $3, XRP commands a market capitalization of $181 billion, good for third-largest behind only Bitcoin and Ethereum. And it's coming off a very recent all-time high of $3.65, which the coin hit less than a month ago. So where is it going next? For starters, the distance from its current price (the white line in the chart below) to the moon (the green line) and its distance towards doom (the red line) is basically the same: 33.33%. So, odds based on the percentage leap required to hit either scenario is not really a factor right now. It's going to require a little further digging. One classic indicator for traders is the Relative Strength Index, or RSI. For XRP, this sits right at 48, just shy of the neutral 50 mark. RSI measures momentum on a scale of 0-100, where readings above 70 signal overbought conditions (time to sell) and below 30 indicate oversold (time to buy). At 48, we're in no-man's land—slightly bearish but not enough to panic. This is what traders call the "decision zone," where markets pick their next direction. Going off RSI, under current conditions, market forces are in equilibrium. However, the overall trend is bullish, so this would signal to traders that prices are more likely to maintain momentum and speed unless something else affects the trend. The Average Directional Index, or ADX, at 28 tells a more decisive story. ADX measures trend strength regardless of direction. Think of it as a speedometer that doesn't care if you're going forwards or backwards. Readings above 25 confirm a strong trend exists, and at 28, XRP is definitely trending. This signals to traders that XRP's upward movement is likely to continue, even if slowly. And, of course, the more the price goes up, the less likely a $2 'doom' scenario becomes. Another key indicator is the exponential moving average, which measures the average price of an asset over a certain amount of time. For XRP, the 50-day EMA sits comfortably above the 200-day EMA, creating what traders call a "bullish stack." This means the average price of XRP in the short-term is trading above the average price over the long-term, and that typically means buyers will keep stepping in at higher prices. It's a vote of confidence in the uptrend. This setup usually favors continuation higher unless something breaks. For XRP to correct down to the 'doom' zone, it would need to switch momentum entirely and, likely, enter a death cross formation. The only indicator that is not bullish for XRP right now seems to be the Squeeze Momentum Indicator, which shows a price consolidation zone as the Ripple-linked token struggles to break past its recent all-time high. Think of it as the market taking a deep breath before the next sprint. Prices can experience a stronger trend either up or down, depending on catalysts. That 'squeeze' zone is considered a price compression because there are a large number of orders fighting to determine the trend. If short-term traders exit those positions in search for other markets, then there could be a fast dip in the same zone as it could trigger many 'stop-loss' zones. On the other hand, if there is a short squeeze, or bulls take control, it could trigger a spike based on buy orders activated too close to each other. But technicals only tell half the story. The 30-day moving average for XRP whale inflows to exchanges jumped to 260 million tokens from 141 million tokens at July's start, with large holders offloading nearly $6 billion worth since mid-July. That's a serious distribution that historically precedes corrections, because the most logical reason to send an asset to an exchange is to sell it. Meanwhile, the SEC and Ripple finally ended their legal battle, removing a major overhang. Add an 88% chance of spot XRP ETF approval by December according to Polymarket and nearly 60% preference over a Litecoin ETF on Myriad Markets, and you've got catalysts that could send XRP either direction—violently. XRP bulls have the edge Weighing all of the data, it's clear the charts today slightly favor the XRP moon scenario. The combination of price respecting an upward channel, maintaining position above both key EMAs, and the Squeeze ready to fire would convince traders of a compelling bullish setup. The ADX confirming trend strength while RSI sits neutral gives XRP room to run without being overextended. Considering indicators show traders in equilibrium during a bullish move (instead of showing such behavior when the coin is trading sideways), the ascending channel and compressed volatility suggest XRP could test $3.30 within days. A clean break above would likely trigger momentum toward $4. But those massive whale sales keep the doom scenario very much alive. If the $2.80 support cracks, all bullish bets are off. This is crypto—and when things break, they break hard. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
2 days ago
- Business
- Yahoo
Moon or Doom: Where Does XRP Price Go Next?
The XRP Army has drawn the line: the $3 price mark is now their battlefield. But, at the moment, traders can't seem to decide if XRP is headed to the moon or back down towards doom. After hot inflation data dampened jumbo rate cut hopes earlier this week, XRP dropped 6.4%—right down to that pivotal $3.00 mark that could define the crypto asset's next major move. On Myriad, a prediction market created by Decrypt's parent company Dastan, traders remain slightly bullish despite the correction. Myriad users give XRP a 63.7% chance of reaching $4 or higher (the moon scenario) versus 36.3% odds of crashing back down to $2 or below (doom). So who's right? XRP price: The technical puzzle XRP, the cryptocurrency created by the founders of payments company Ripple, presents a technical puzzle that explains why traders are currently so divided. For reference, even at just $3, XRP commands a market capitalization of $181 billion, good for third-largest behind only Bitcoin and Ethereum. And it's coming off a very recent all-time high of $3.65, which the coin hit less than a month ago. So where is it going next? For starters, the distance from its current price (the white line in the chart below) to the moon (the green line) and its distance towards doom (the red line) is basically the same: 33.33%. So, odds based on the percentage leap required to hit either scenario is not really a factor right now. It's going to require a little further digging. One classic indicator for traders is the Relative Strength Index, or RSI. For XRP, this sits right at 48, just shy of the neutral 50 mark. RSI measures momentum on a scale of 0-100, where readings above 70 signal overbought conditions (time to sell) and below 30 indicate oversold (time to buy). At 48, we're in no-man's land—slightly bearish but not enough to panic. This is what traders call the "decision zone," where markets pick their next direction. Going off RSI, under current conditions, market forces are in equilibrium. However, the overall trend is bullish, so this would signal to traders that prices are more likely to maintain momentum and speed unless something else affects the trend. The Average Directional Index, or ADX, at 28 tells a more decisive story. ADX measures trend strength regardless of direction. Think of it as a speedometer that doesn't care if you're going forwards or backwards. Readings above 25 confirm a strong trend exists, and at 28, XRP is definitely trending. This signals to traders that XRP's upward movement is likely to continue, even if slowly. And, of course, the more the price goes up, the less likely a $2 'doom' scenario becomes. Another key indicator is the exponential moving average, which measures the average price of an asset over a certain amount of time. For XRP, the 50-day EMA sits comfortably above the 200-day EMA, creating what traders call a "bullish stack." This means the average price of XRP in the short-term is trading above the average price over the long-term, and that typically means buyers will keep stepping in at higher prices. It's a vote of confidence in the uptrend. This setup usually favors continuation higher unless something breaks. For XRP to correct down to the 'doom' zone, it would need to switch momentum entirely and, likely, enter a death cross formation. The only indicator that is not bullish for XRP right now seems to be the Squeeze Momentum Indicator, which shows a price consolidation zone as the Ripple-linked token struggles to break past its recent all-time high. Think of it as the market taking a deep breath before the next sprint. Prices can experience a stronger trend either up or down, depending on catalysts. That 'squeeze' zone is considered a price compression because there are a large number of orders fighting to determine the trend. If short-term traders exit those positions in search for other markets, then there could be a fast dip in the same zone as it could trigger many 'stop-loss' zones. On the other hand, if there is a short squeeze, or bulls take control, it could trigger a spike based on buy orders activated too close to each other. But technicals only tell half the story. The 30-day moving average for XRP whale inflows to exchanges jumped to 260 million tokens from 141 million tokens at July's start, with large holders offloading nearly $6 billion worth since mid-July. That's a serious distribution that historically precedes corrections, because the most logical reason to send an asset to an exchange is to sell it. Meanwhile, the SEC and Ripple finally ended their legal battle, removing a major overhang. Add an 88% chance of spot XRP ETF approval by December according to Polymarket and nearly 60% preference over a Litecoin ETF on Myriad Markets, and you've got catalysts that could send XRP either direction—violently. XRP bulls have the edge Weighing all of the data, it's clear the charts today slightly favor the XRP moon scenario. The combination of price respecting an upward channel, maintaining position above both key EMAs, and the Squeeze ready to fire would convince traders of a compelling bullish setup. The ADX confirming trend strength while RSI sits neutral gives XRP room to run without being overextended. Considering indicators show traders in equilibrium during a bullish move (instead of showing such behavior when the coin is trading sideways), the ascending channel and compressed volatility suggest XRP could test $3.30 within days. A clean break above would likely trigger momentum toward $4. But those massive whale sales keep the doom scenario very much alive. If the $2.80 support cracks, all bullish bets are off. This is crypto—and when things break, they break hard. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Yahoo
09-08-2025
- Business
- Yahoo
Myriad Moves: Bitcoin Price Targets, Sharplink Ethereum Holdings and Vitalik's Mentions
Want to test your knowledge about real-world events like crypto, politics, pop culture, and sports? You've come to the right place. On Myriad Markets, a prediction market developed by Decrypt's parent company Dastan, users can place predictions in these categories using USDC or points, collecting their share of profits if and when they predict correctly. This week, some of the top markets on Myriad involve the next big move for Bitcoin, whether Ethereum co-founder Vitalik Buterin will talk about one of the network's layer-2s and the acceleration of SharpLink Gaming's ETH stash. Bitcoin's Next Hit: Moon to $125K or Dip to $105K? Market Open: July 10 Market Close: December 31 Volume: $74K After Bitcoin sank to as low as $113,000 amid consecutive days of ETF outflows, the leading cryptocurrency has bounced back, fueled by a fresh posting of ETF inflows and headlines that U.S. President Donald Trump will sign an executive order enabling crypto investments in 401K plans. Now BTC stands at $116,677, just more than halfway between the market benchmarks of $105 and $125K. Predictors using Myriad on Ethereum layer-2 network Abstract are asked to predict which target will be hit next. As of Thursday afternoon, predictors are giving the edge to $125K with odds standing at 64% after a 13% swing in the last 24 hours, coinciding with Bitcoin's rise. Odds for $125K got as low as 39.4% on August 2 amid BTC's fall, before swiftly rebounding in the last couple of days. Analysts told Decrypt earlier this week that the ETF outflows and market decline were just a blip in the overall bull market. Predictors seem to believe them. What's Next?: This market is open until December 31. Will Vitalik Mention Linea on His Blog or Social Media in 2025? Market Open: July 31 Market Close: December 31 Volume: $504 Ethereum co-founder Vitalik Buterin has posted lots of content about Ethereum and its layer-2s over the years on his blog and X account. One of the newest prediction markets available on Myriad on Linea asks predictors whether he'll mention Linea, the Ethereum layer-2 network built by Consensys that recently described itself as the 'most ETH aligned L2.' (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt). Though volumes are low, currently predictors give a slight edge to 'yes' at 52%, predicting that Vitalik will make mention of Linea via his blog or X account this year. There may soon be cause to mention Linea. For example, the network recently unveiled its tokenomics and has suggested its LINEA token generation event is fast approaching.. Additionally, when discussing the Ethereum mainnet and layer-2 relationship in January, Vitalik implored layer-2s to think 'explicitly' about the economics of ETH–something that Linea addressed with its announcement that it will burn ETH, directly affecting its supply… a suggestion made by Buterin himself. Though he has not posted about Linea on X directly, he has made mention of other Ethereum layer-2 networks in the past. Might he mention Linea soon? What's Next?: Linea has teased its token generation event (TGE) is coming soon, though details remain outstanding. Will SharpLink Gaming (SBET) Hold 1 Million ETH by September 16? Market Open: August 6 Market Close: September 14 Volume: $358 Gambling marketer turned Ethereum treasury company SharpLink Gaming, which trades publicly as SBET, has been aggressively stacking Ethereum since detailing its treasury strategy in May. So far, the firm has amassed a haul of more than 500,000 ETH valued at more than $1.9 billion based on ETH's price. Now predictors are asked whether or not the firm will nearly double its holdings by September 16. Predictors are leaning against the accomplishment, with odds of 'no' standing at 55% despite the fact that SharpLink is aggressively acquiring funds to accumulate more ETH. In July, SBET submitted a filing to up a stock sale from $1 billion to $6 billion to add the second largest crypto asset to its balance sheet. On Thursday it raised more funds, adding $200 million via a direct offering that will directly go to ETH purchases. The firm is actively charting its path to one million ETH on social media, calling the number its 'first milestone' on Tuesday. Will it get there by September 16 though? What's Next?: SBET has typically made Ethereum purchase announcements on Tuesdays. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
23-04-2025
- Entertainment
- The Hindu
Kyrgyz filmmaker Dastan Zhapar on his first independent work Deal at the Border
Shankar M K Kyrgyz filmmaker Dastan Zhapar's work is a profound meditation on his society's shifting relationship with the past and the evolving landscape of Kyrgyzstan's traditions. At the heart of his cinematic exploration is death, through which he examines societal ruptures and continuities, and reimagines a future. Kyrgyz society, like other societies previously part of the Soviet Union, has had to deal with three traditions — pre-Soviet, Soviet socialist, and contemporary. Dastan made A Father's Will in 2016 and Road to Eden in 2020, both in collaboration with fellow filmmaker Bakyt Mukul. A Father's Will won the Golden Zenith at the 40th Montreal World Film Festival. Deal at the Border, screened at the recent Bangalore International Film Festival, is Zhapar's first independent work. While A Father's Will was about how reviving an old death ritual helped pacify people defrauded by a man now deceased, Road to Eden reflected on the loss of meaning caused by material compulsions of modern life. With Deal at the Border, Dastan turns to even darker realities — modern slavery and human rights issues. Death here becomes a moment of moral reckoning. As an amorphous repository of attitudes, practices, and relational hierarchies, a tradition never truly dies. In Dastan's films, two traditions reside within the present — struggling for attention and validation. The resonances of this exploration are impossible to miss in India, bogged down by a similar contest between putative traditions. In an exclusive, Dastan shares his thoughts on the many issues of idea, ideology and creative expression. Excerpts: Why is it that you question some traditions and try to restore respect for others? It is true that I am questioning some traditions, but I am not seeking to restore respect for others. Things emerge in the process of scripting and filming. They beg to be projected on the screen and I am persuaded by this kind of insight. Death and how people respond to it seems to be a common theme in all your films. That is right. However, it was not by conscious design — it turned out that way. Death occupied centrestage and spliced three of my films into an unintended trilogy. However, the ideas I am now working on are about survival and the desire for freedom. A Father's Will plays out an aspect of the Kyrgyz attitude to death. People at a burial desire closure. They want to accept and forgive. Also, they like to ask what kind of a person the deceased was as a prelude to restoring dignity to the dead. These rituals serve to unite people, especially family, in times of sorrow. Why is the yurt (a portable, circular dwelling, traditionally used by nomadic people in Central Asia) so important? The Kyrgyz had a nomadic, mobile way of life. The yurt naturally became home and a symbol of family stability. It also represents the strength of the national collective, serving a material function and as a spiritual metaphor. A Father's Will turns out to be based on a book written by a character in The Road to Eden… When Bakyt Mukul and I wrote the script for A Father's Will, we thought it would be nice to have a literary work associated with the film's story. When we were scripting for The Road to Eden, and came up with the image of the sick writer Sapar, we thought he could write, for example, a book titled The Father's Testament referring to our previous film. In this way, we would have an imaginary author for an imaginary book on which our first film had been based. In this fashion, we were able to thematically unite the two films. The stories take place in the same universe, same ethical ecosystem. What is your next film about? I am actively working on three ideas. One is the story of guards at the border of Kyrgyzstan and Tajikistan. Another is about modern slavery. Why is slavery a subtext of Deal at the Border? Slavery has been on my mind for a long time as I have been personally affected by it. My brother Aktan was enslaved in a neighbouring country with our uncle. Luckily, they managed to escape. The script was written by Aktan and I. While writing the script, I studied modern slavery. I learnt that Kyrgyzstan ranks first among Central Asian countries whose citizens are enslaved abroad, mostly in Kazakhstan, Russia, Turkey and the UAE. According to the International Labour Organisation, more than 50 million people are currently enslaved worldwide and 70% of them are women. These statistics are horrifying. We must bring this to the notice of viewers everywhere. From what sources do you draw inspiration from? Definitely from the Kyrgyz epic of Manas. It is a poem with more than 1,50,000 verses. It is about the legendary past of many nations of Central Asia, including the Mongol, Kitai, and Altai. Newspaper reports often provide a starting point for an episode. I am also inspired by themes other directors explore. The most important thing is to select the right theme or story. The story must resonate in you. It must refer to some piece of today's reality or to a possible state of affairs in the future. I prefer to make films about the rural and remote regions, though cities have their stories too. I ride the bus and observe people as they travel and converse. I can learn much about their troubles and what makes them happy. I dig into real life material so I can use them in my films. What are your thoughts on Indian cinema? I am in awe of Indian films screened at international film festivals — they deal with serious issues in interesting ways. I would like to be involved in a joint venture with India sometime in the future. The first Kyrgyz feature film was made in 1958, by which time Indian cinema was already in bloom. Are you responding to any particular filmmaking tradition? I like the image of Duishen, the teacher created by Kyrgyz author Chingiz Aitmatov in his novel First Teacher that was later made into a film. Duishen brings knowledge and knowledge is light, pulling millions of people out of the darkness of ignorance. Duishen had a fanatic faith in a bright future ushered in by literacy and education. Eventually that is what led mankind to seemingly impossible things such as space exploration. I believe such people are in short supply in our crazy world today.
