Pakistan Aims to Become Global Crypto Leader by 2030, Says Former Binance CEO
- Crypto Regulation Progress: Pakistan has established the Pakistan Virtual Assets Regulatory Authority this year and permitted crypto exchanges like Binance and HTX to operate, marking a significant step in formalizing its crypto ecosystem, which is expected to attract foreign investment and boost liquidity.
- Young Population Advantage: Former Binance CEO Changpeng Zhao highlighted the growing demand for digital assets among Pakistan's young and tech-savvy population, asserting that if the country maintains its current pace, it could become one of the global crypto leaders by 2030, enhancing its competitiveness in the global financial market.
- Stock Market Tokenization: Zhao mentioned that tokenizing Pakistan's stock market would allow global investors to directly invest, driving economic growth and urging Pakistan to expedite its tokenization plans to gain a competitive edge in the global arena.
- Entrepreneurial Opportunities: Zhao emphasized that blockchain offers low-barrier entrepreneurial opportunities for young entrepreneurs compared to traditional banking and AI, which require significant resources, and called for enhanced education and incubator programs to foster innovation.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.013 | 0.0167 | 0.0205 | 0.0242 | 0.028 | 0.0317 | 0.0355 |
| Fibonacci | 0.0167 | 0.0196 | 0.0213 | 0.0242 | 0.0271 | 0.0288 | 0.0317 |
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