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The current state of the cryptocurrency
23.08.2024

The current state of the cryptocurrency market indicates that traders are closely watching Bitcoin's price for signs of the next major breakout. The price movement has been narrowing within a tighter range, signaling a buildup of pressure that could lead to significant volatility. One key resistance level identified is $62,000, which has been acting as a psychological barrier, suggesting that a decisive move may be imminent. Further insights from CoinGlass monitoring data reveal an additional liquidity block at $61,435. This level has contributed to stabilizing Bitcoin's price within the current range, preventing sharp movements either upwards or downwards. From a technical perspective, analysts point to the importance of the 200-period simple moving average (SMA) on the 4-hour chart. This moving average represents a critical threshold for Bitcoin's price action. If Bitcoin manages to break above and close above this level, it would likely signal bullish momentum, paving the way for potential gains towards the $64,000-$65,000 price range. However, if Bitcoin fails to achieve a breakout above this moving average, the market may enter a period of consolidation. This consolidation phase could persist, especially if no significant market catalysts emerge to drive renewed momentum. Traders will need to closely monitor these developments, as the outcome at these critical levels will likely set the tone for Bitcoin's next major move.


Why Render Token
23.08.2024

**Render Token (RENDER)** is the utility token powering **The Render Network**, a platform that delivers decentralized GPU-based rendering solutions. This innovative system enables creators to leverage GPU power efficiently, significantly reducing rendering costs. The ecosystem operates by allowing **node operators** to contribute their idle GPU power to the network, earning RENDER tokens in return. This mechanism is particularly valuable for producing animations, visual effects, and other computationally intensive creative projects. By utilizing a distributed network for processing, The Render Network enhances efficiency, offering the potential to **shorten production times** and **lower costs** for artists and creators. Investing in **RENDER** not only supports this transformative technology but also aligns with a vision of making advanced rendering capabilities more accessible and affordable for the creative community.


Robert Kiyosaki, widely recognized for his bestselling book
23.08.2024

Robert Kiyosaki, widely recognized for his bestselling book *"Rich Dad Poor Dad,"* has been a long-time proponent of diversifying investments across various asset classes, including gold, silver, and Bitcoin (BTC). His works on personal finance and investing have influenced millions worldwide, establishing him as a prominent figure in wealth education. Traditionally known for his expertise in real estate investing, Kiyosaki has recently surprised his audience with a bold statement: he now suggests that Bitcoin could be a better investment than real estate. In his analysis, Kiyosaki highlights several factors that, in his view, position Bitcoin as a compelling investment choice. One of his key arguments is Bitcoin's high growth potential, which he believes may outpace the stability and returns typically associated with real estate. The recent uptick in the BTC/USD price, which reached approximately $61,000 on Friday, further underscores Bitcoin's increasing value and reinforces its appeal as a long-term asset. Kiyosaki's shift in perspective has sparked significant discussion among his followers and the broader investment community.



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