Hello MarketShalians, Welcome to this week’s edition of our Weekly Crypto Digest. The hopes that crypto investors are having for 2025 must be feeling a little suspicious. The impact of this omen becomes even greater when the investing world seems to be doing well all around and the decline in the crypto market continues to increase. Despite Trump has also declared Bitcoin as a strategic reserve but it has still not been declared how much Bitcoin the U.S. government is going to buy under this strategic reserve. It should not be forgotten that this is the first time a U.S. government has shown such positivity towards cryptocurrencies. Then why is this decline not ending, you must be wondering? If you observe the data, you will see an interesting figure that the whales, i.e., the big investors, are engaged in continuously increasing their position in major crypto currencies like Bitcoin and Ethereum, and if someone is selling, then he is the retail investor. The optimistic views of Michael J. Saylor also appear to be giving quite bullish signals; according to him, in the coming times, Bitcoin would soon be seen becoming a part of every Bank, Insurance and other trades. Slowly many large corporate houses around the world are also seen accumulating Bitcoin as their strategic reserves. Earlier this number was less, which is now seen increasing gradually.
So the implication of all this is that a lot of positive developments are taking place whose impact will be seen in the coming time, hence do not let go of the crypto dream run’s dream of 2025 that you have seen and you should take advantage of this fall in accumulating leader crypto currency like Bitcoin. The world of cryptocurrency never sleeps, and for the last few weeks investors have been awake anyway. Last week we also saw some regulatory developments. The crypto market also showed surprising moves in major currencies. The echo system of cryptocurrency is evolving rapidly. Next we will see what major updates have come in the last week so far which we should keep an eye on and along with that we will talk about another less known crypto currency with great future potential and understand its potential for the investors. Let’s get started.
Table of Contents
Top Crypto Updates
Bitcoin Weekly Update
This week the price of Bitcoin showed a lot of movement. After falling below $100,000, Bitcoin is now trading in the range of $80,000-$85,000. These price fluctuations significantly influence the crypto market.
Bitcoin showed an increase of 2.29 percent while taking support at the bottom line of its uptrend last week after a major fall. By midweek, Bitcoin’s support is intact and it is trading near $83289. Bitcoin is seen trying to gain strength on the weekly charts. This should be an accumulation zone for investors.
Bitcoin’s support and resistance levels are as follows:
Support – $82542, $80755, $78127
Resistance – $84038, $85607, $88671
MicroStrategy bought Bitcoin
MicroStrategy has made further investment in Bitcoin, and this time they bought 130 BTC for $11 million. Although this is not a very big investment, it certainly shows that a large institution is steadily increasing its Bitcoin holding which is a positive sign from the point of view of Bitcoin future prospects.
San Antonio Zoo Accepts Crypto Donations
San Antonio Zoo has started accepting cryptocurrency donations. They took this step inspired by the popular meme coin of their baby capybara Tupi.
North Korea has a large reserve of Bitcoin
North Korea has become the third-largest Bitcoin holder in the world. Their hacker group Lazarus has accumulated a lot of Bitcoin through cyber-attacks. Now they have 13,580 BTC, which is equivalent to a valuation of approximately $886 million.
Lesser-Known Crypto with Huge Potential: Introducing Nexora (NXO)
Although there are many coins in the world of Cryptocurrencies, there are some hidden crypto gems which are quite different and promising from the rest. Today we will talk about one such crypto coin which has the full capability to surprise the world with its potential – Nexora (NXO).
What is Nexora (NXO)?
Nexora (NXO) is a promising blockchain-based project that works to integrate decentralized finance (DeFi), NFTs, and smart contracts. The platform is making its mark worldwide by making innovation its main focus. Nexora’s goal is to completely decentralize the financial systems and give users complete control of their finances so that they can fully govern their own financial transactions.
Unique Features of Nexora (NXO)
Hybrid Blockchain Model
Nexora uses a hybrid blockchain model, which combines both private and public chains. This combination works to enhance the security and scalability, which is mostly found in traditional blockchain solutions.
DeFi Integration
Nexora is making its own important position in the DeFi ecosystem. People do not need any intermediary like banks or NBFC to access DeFi platforms. This ecosystem works to provide users with options like decentralized lending, borrowing, and yield farming.
NFT Support
Nexora also supports NFTs. The craze for NFTs (Non-Fungible Tokens) is growing rapidly these days, and Nexora wants to take advantage of this trend by giving its users ownership of digital art and unique assets. This gives users a platform where they can easily trade their assets.
Smart Contracts
Smart contracts have also been implemented on the Nexora platform. Smart contracts are a type of self-executing contract in which the terms and conditions are automatically enforced. This is a very important feature of blockchain technology, which increases both efficiency and transparency.
Why Nexora (NXO) Could Be the Next Big Thing?
Strong Community Support
Nexora enjoys a strong and growing community support. Community involvement is a major factor in crypto success today, and Nexora is building a strong presence in this area.
Partnerships & Collaborations
Nexora is involved with many partnerships and collaborations to expand its ecosystem. Such strategic alliances accelerate the growth of the platform and also work to increase its adoption.
Scalability & Security
Nexora’s hybrid blockchain approach ensures scalability, which is often seen as a limitation in traditional systems. At the same time, high security features ensure that user data and transactions remain safe.
Innovative Use Cases
Nexora’s platform is not just limited to DeFi or NFTs. Its use case is quite vast, covering industries like supply chain management, healthcare, gaming, and real estate. This wide range of applications makes the platform even more attractive.
Investment Perspective
If you are planning to invest in crypto, then Nexora (NXO) can prove to be one such token that can show a good growth in the future. Right now this coin is much lesser-known, but its technology and ecosystem are quite promising and hence there is a lot of potential in the coming times. Early investors can get good returns from it in the long term, when this platform will grow more.
Conclusion
Nexora (NXO) is a crypto project that has a lot of potential in the coming times due to its innovative features and strong fundamentals. If you are looking to diversify your crypto portfolio, you can definitely consider Nexora. Remember, crypto investments are risky, so it is always very important to do your research and understand the risk. It will be interesting to watch the journey of Nexora in the coming times and it may go on to make its place in the crypto world.
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