As Arkham Gains Traction, yPredict Lurks as Silent Contender

Arkham (ARKM) trades at $0.42, down 3% on the day, with a bearish cloud hanging over this crypto. Its daily trading volume is approximately $24 million after rising 18% over the last 24 hours. It boasts a market capitalization of $62 million, placing it at #99 on the CoinMarketCap ranking.

The company behind the blockchain analysis platform, Arkham Intelligence, recently announced a reward of 100,000 ARKM tokens, the native currency of the platform, being offered for information about the hacker’s identity that compromised the now-defunct cryptocurrency exchange FTX. The total value of this reward surpasses $42,000 at current rates.

Featured Arkham Intel Exchange Bounty: The FTX Exploit

Today we’re highlighting the largest bounty on the Intel Exchange at 100,000 ARKM. It’s for solving perhaps the biggest mystery in crypto: the identity of the FTX exploiter.

Context:

During the FTX collapse in November… pic.twitter.com/gRkRLWdH3V

— Arkham (@ArkhamIntel) August 3, 2023

To avoid spam submissions, participants must place a deposit of 10 ARKM. The participant who successfully provides accurate information will have their stake refunded. Additionally, participants should provide details of their findings in context, which may include research, publicly available data, and reputable sources that substantiate the accuracy of their conclusions.

At the height of the FTX fiasco in November 2022, representatives from the crypto firm said that the exchange had experienced a breach leading to the loss of more than $415 million worth of cryptocurrencies. This incident stood as the second-largest cryptocurrency hack of that year, and up to now, no individuals linked to the event have been identified.

Arkham Price Sealed in a Downtrend

This announcement by Arkham Intelligence has sparked interest among crypto investors, with the ARKM price rising 10% on August 3 when the news hit wires from $0.4212 to set a swing high of $0.4582. The Arkham price now trades 8% below this level and sits on immediate support at $0.4105. 

Therefore, a daily candlestick sloe below this level would trigger massive sell orders that will decrease ARKM, bringing around $0.30 into the picture.

ARKM/USD Two-hour Chart

Supporting this gloomy outlook are the downfacing moving averages and downward movement of the Relative Strength Index (RSI). The value of the RSI at 44 suggested that there were still more sellers than buyers in the market, and were determined to pull the price lower.

Conversely, a hidden positive divergence from the RSI implies that the bulls have not given up on pushing the ARKM price higher. The daily candlestick close above the 50 SMA at $0.4351, embraced by the descending trendline, would confirm a bullish breakout.

Key levels to watch after that are the 100 SMA at $0.4609 and the 200 SMA at $0.50. This would represent a 19% uptick from the current price. 

It is important to note that the Arkham token has been sealed in an extended downtrend. Those seeking to buy the cryptocurrency would have to wait for a decisive close above the 50 SMA. Meanwhile, investors could turn to new cryptocurrency such as yPredict (YPRED) in presale with a low risk-to-reward ratio with the potential to make 20x returns in 2020.

ARKM Alternative

yPredict, an innovative AI Crypto Project, is witnessing a surge in popularity, having amassed over $3.376 million in funding through the ongoing presale.

As an AI-powered token, yPredict provides users with a comprehensive ecosystem that grants them access to various trading tools, including AI signals, sentiment analysis, AI-driven technical assessments, and facilities for chart pattern recognition.

🌟🚀Unveiling yPredict (YPRED) – the ultimate AI-powered platform! 🤖📊

📈 Market sentiment analysis
📉 Chart pattern recognition
📈 Advanced technical indicators
📢 AI-driven buy/sell signals

That's not all! 💼🔗 An AI-backed backlink estimator for SEO pros & Alt_Pump_001,… pic.twitter.com/FdGDyMWYvV

— yPredict.ai (@yPredict_ai) July 26, 2023

In a recent development, yPredict has introduced an AI-supported backlink estimator aimed explicitly at aiding professionals in the SEO field (Search Engine Optimization).

This innovative addition accurately predicts metrics related to backlink accounts and authority, empowering users to make well-informed, data-driven choices.

The project is also dropping the yPredict editor soon, which will provide an AI-powered content solution to writers and content creators.

Powered by Polygon, yPredict has a total supply of 100 million. The project has been audited and has received KYC approval.

Visit ypredict here to participate in this project’s presale.

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