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🔌💼 The Digital Chamber of Commerce in Washington unveils the Digital Power Network (DPN), uniting cryptocurrency miners. 📣🔊 Together, they aim to advocate for cryptocurrency mining and energy policies. 🤝💪 DPN welcomes prominent U.S. mining firms like Argo, Bit Digital, Bit Farms, Coin Mint, Cypher Mining, Digit Host, Hive, Marathon, Riot, Sustainable Bitcoin Protocol, and Terrawolf. 🌐🔋 A powerful voice for the mining sector! Crypto is the ultimate casino.
And in this world, the exchanges are the house.
When retail comes back, and risk appetite returns (which it inevitably will) - these are the biggest beneficiaries.
Last cycle, CEXs were the only viable options for trading.
But with an entire bear market of building under their belt, we_re going to see top quality DEXs with CEX-like ution.
Considering the current regulatory environment, the current shift from CEXs _ DEXs, and the rapidly improving UX of these products, I expect that next cycle there will be a whole lot of new users trading on chain.
And for that reason, it_s wise to keep an eye out for the best DEXs that are innovating and building top notch infrastructure.
By "top notch", I mean protocols with:
• A clean and intuitive UI, "stickiness" comes from UX
• A diverse range of trading pairs, and listings of the hottest new coins
• Competitive fees
• A strong referral program
This is where I_m placing some of my chips. ETH technical analysis
After struggling near the 20-day EMA ($1,639) for the past few days, the bulls succeeded in pushing ETH (ETH) above this resistance on September 19
The 20-day EMA is flat and the relative strength index (RSI) is near the midpoint, suggesting that the bulls are making a comeback. If the buyers maintain the price above the 20-day EMA, the ETH/USDT pair can rally to the 50-day SMA ($1,712) and then to $1,750. A break above this level would confirm a short-term double bottom. The target of this bullish setup is $1,959.
However, the bears may have other plans. They will try to pull the price back below the 20-day EMA and trap the aggressive bulls. A break below $1,600 could initiate a downside move towards the strong support at $1,531
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