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UN’s ITU election may spell the end of our open internet – The Register

Updated Every four years, the United Nations' International Telecommunication Union (ITU) stages a Plenipotentiary Conference at which member states decide how the organization will steer the development of communications technologies.

The event is usually only of interest to telco and policy wonks.

But this year's event has become a geopolitical football and possibly a turning point for internet governance thanks to the two candidates running in an election for the position of ITU secretary-general.

The US has put forward Doreen Bogdan-Martin for the gig. She's an ITU veteran with years of experience working with global telecoms regulators. She also believes that current internet governance models need not change bodies like the Internet Engineering Task Force (IETF) should be left to work on standards and technologies pertaining to the 'net, and the ITU should do its thing regarding international co-operation.

Russia has nominated Rashid Ismailov for the job. A former deputy minister at Russia's Ministry of Telecom and Mass Communication, Ismailov has also worked for Huawei.

Speaking of Huawei, in 2019 it and China Mobile, China Unicom, and China's Ministry of Industry and Information Technology (MIIT), did something unexpected: submit a proposal to the ITU for a standard called New IP (as in, Internet Protocol, the standard that helps glue our modern communications together). The entities behind New IP claimed it is needed because existing protocols don't include sufficient quality-of-service guarantees, so netizens will struggle to handle latency-sensitive future applications, and also because current standards lack intrinsic security.

New IP is controversial for two reasons.

One is that the ITU does not oversee IP. That's the IETF's job. The IETF is a multi-stakeholder organization that accepts ideas from anywhere the QUIC protocol that's potentially on the way to replacing TCP originated at Google but was developed into a standard by the IETF. The ITU is a United Nations body so represents nation-states.

The other is that New IP proposes a Many Networks or ManyNets approach to global internetworking, with distinct, individual networks allowed to set their own rules on access to systems and content. Some of the rules envisioned under New IP could require individuals to register for network access, and allow central control even shutdowns of traffic on a national network.

New IP is of interest to those who like the idea of a "sovereign internet" such as China's, on which the government conducts pervasive surveillance and extensive censorship.

China argues it can do as it pleases within its borders. But if New IP gathers support it has the potential to make some of the controls China uses on its local internet part of global protocols.

Another nation increasingly interested in a sovereign internet is Russia, which was not particularly tolerant of free speech before its illegal invasion of Ukraine and has since implemented sweeping censorship across its patch of the internet.

The possibility of Rashid Ismailov being elected ITU boss, and potentially driving adoption of censorship-enabling tech like New IP around the world, therefore has plenty of people worried not least because in 2021 Russia and China issued a joint statement that called for "all States [to] have equal rights to participate in global-network governance, increasing their role in this process and preserving the sovereign right of States to regulate the national segment of the Internet."

The statement includes a call "to enhance the role of the International Telecommunication Union and strengthen the representation of the two countries in its governing bodies."

In an email to The Register sent in a personal capacity, Lars Eggert, chair of the IETF, stated: "I personally would wish for the ITU to reaffirm its commitment to the consensus-based multi-stakeholder model that has been the foundation for the success of the Internet, and is at the heart of the open standards development model the IETF and other standards developing organizations follow when improving the overall Internet architecture and its protocol components."

He added, "I personally would like to see an ITU leadership emerge that strengthens the ITU's commitment to the above-mentioned approach to Internet evolution.

Eggert pointed out an official IETF response to New IP that criticizes its potential for central control and argues that existing IETF processes and projects already address the issues the China-derived proposal seeks to address.

The Internet Society, the non-profit that promotes open internet development, is also concerned about the proceedings at the ITU event.

"Plenipotentiary-22 could be a turning point for the Internet," the organization stated in a mail to The Register. "The multi-stakeholder Internet governance model and principles are being called into question by some ITU Member States and there are multilateral processes aiming to position governments as the main decision-makers regarding Internet governance."

The society told The Register: "Internet technical standards must remain within the domain of the appropriate standards bodies, such as the IETF, where work that intends to update, amend, or develop Internet technical standards must be presented."

The organization is therefore "closely following the election of the new secretary-general," and stated: "We oppose any policies, measures, or movements that harm the Internet's essential characteristics open, globally connected, secure, and trustworthy."

The election takes place on Thursday, and the Plenipotentiary continues until October 16.

The Register has its eye on the event and will bring you more news as warranted.

The ITU has announced that Doreen Bogdan-Martin was today elected secretary-general after winning 139 of the 172 votes cast.

The secretary-general-elect has pledged to continue driving this institution to be innovative and increasingly relevant for our Member States, better positioning all of us to embrace the digital environment and make progress on achieving UN Sustainable Development Goals and connecting the unconnected."

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US Government to Study Cyber Insurance Backstop – bankinfosecurity.asia

Critical Infrastructure Security , Governance & Risk Management

Worries about the cyber insurance industry limiting coverage has the federal government asking whether it should provide a backstop or other mechanism for ensuring that catastrophic events dont go uninsured.

See Also: Live Expert Panel | Threat Detection & Incident Response for IoT

The Department of Treasury and the Cybersecurity and Infrastructure Security Agency are soliciting comments through mid-November on whether the potential for ruinous financial exposure by insurers in the event of a catastrophic cyberattack on critical infrastructure should lead to a new federal approach.

The two agencies say they're not committed to any particular method, and a change to the market such as federal willingness to shoulder the losses felt by insurers in the wake of an extremely large event would require legislation.

The request for comments comes weeks after a congressional study sounded alarms over cyber insurers limiting their financial exposure. The Government Accountability Office found that insurers have introduced new exclusions while lowering policy limits and charging higher premiums.

Those restrictions come even as the pace of cyber incidents is mounting, as is the perceived risk of digital attacks on critical infrastructure, whether because of the Russian invasion of Ukraine or a rise in internet-connected operational technology systems (see: Public Water Systems at Cybersecurity Risk, Lawmakers Hear).

As cyber risks grow, so have concerns that potential costs stemming from a catastrophic event mean insurance companies can't adequately underwrite risk, said Anthony Dagostino, chief executive of cyber insurance and risk management provider Converge, in an email to Information Security Media Group. "A backstop could be helpful," he said, adding that it shouldn't stop companies from investing into cybersecurity or insurers from incentivizing better security.

A backstop of sorts exists for the cyber insurance market in the form of the Terrorism Risk Insurance Program, but it hasn't had a calming effect on the market.

The federal government has "sort of signaled, well, we think, you know, some of the existing backstops around terrorism risk or other things might apply in the event of a sufficiently serious cyberattack," said Josephine Wolff, an associate professor of cybersecurity policy at Tufts University in a podcast interview earlier this month.

The Terrorism Risk Insurance Program was never intended for cyber insurance. It became law in the wake of the terrorist attacks of Sept. 11, 2001, to ensure the continuance of commercial property and casualty insurance coverage. Before any insurer could invoke federal help to pay insurees, Treasury must certify that the causing event was a terrorist attack and that resulting insurance losses add up to at least $5 million. To date, the program has yet to be triggered.

With reporting by ISMG's Michael Novinson.

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NordVPN Reviews: Is This VPN Really Safe & Effective? Shocking Alert – Outlook India

The Internet is everywhere. It is so omnipresent that even kids in school need to use it for their education. Modern society would cease to function without a safe and stable Internet connection. But various forces threaten regular users online safety and security.

NordVPN is an internet security and accessibility tool . It protects and secures users data from various online threats. It helps maintain privacy in an increasingly open and insecure Internet scene. This review looks at some features of VPNs and what makes NordVPN so special.

What Is NordVPN?NordVPN is a VPN service founded in 2012 by a team of online security experts. It was founded to help people feel safe and secure on the Internet. It offers several unique features that improve privacy and security on the Internet.Its commitment to privacy and security has seen it become a market leader. NordVPN is seen as a trusted and reliable VPN solution across the globe. The team behind NordVPN strives to make the Internet free from censorship. It envisions an equally accessible and safe Internet for everyone in the world.

What Is A VPN?Before diving into the details, it helps to understand the basics of the topic. VPN stands for a Virtual Private Network. It is a software tool that encrypts users data when they browse online. This explanation simplifies various technical details, but the basic idea holds.The Internet is a public system accessible to anyone with a connection. A person or a group of people with sufficient technical skills can cause problems. They can access peoples browsing data and other details. A VPN helps by blocking its users Internet connection from such attacks.==> Order Today: Click Here To View Pricing and Availability <==

How Does A VPN System Work?A device can access the Internet through its Internet Service Provider (ISP) connection. A user can type in a domain name, and the ISP directs the browser to the right website. However, this is a very open and insecure way of connecting to the Internet. A users data is readily accessible to the ISP and all the other parties it shares the data with.

A VPN bypasses the ISPs servers and reroutes the data through encrypted channels. It allows users access to a global network of servers rather than the ISPs local servers. This encryption and wide range of servers make it difficult to track its users. Thus, a VPN allows users to freely and securely browse the Internet.

Encrypting Online BrowsingAccessing any website requires the user and the website to exchange information. A good VPN service, like NordVPN, encrypts this data exchange. Encrypting this data means that unscrupulous attackers and hackers cannot access it. This also hides user data from their ISPs, which has several possible benefits.ISPs can share their users browsing data with companies for profit. Some ISPs may throttle Net speeds to discourage people from accessing certain sites. However, if an ISP does not know which sites a user visits, it cannot do any of these things.

Securing Online PrivacyWhen users exchange information with websites, they share their IP addresses. The IP address can help websites determine users physical location. This opens up worrying concerns. Many people do not wish to share their physical location online. Websites can even change their layouts and prices, in some cases, based on users IP addresses.A good VPN, like NordVPN, hides its users IP addresses and other details from websites. This encryption allows people to browse the Internet freely without such concerns.

Browsing Securely Over Public Wi-FiPublic Wi-Fi systems are becoming increasingly popular these days. Most public Wi-Fi systems are free or charge a small fee to access the Internet. While this enhances Internet connectivity, public Wi-Fi brings several security concerns. Anyone can access unencrypted data on public Wi-Fi. Hackers can access users information, from passwords to financial details.NordVPN uses complex encryption algorithms to protect its users data. Users can safely access the Internet from public Wi-Fi without security issues.Click Here to Order NordVPN for the Best Price Available At The Official Website!

Privacy From Companies And GovernmentsISPs store and sell peoples browsing data to various companies. Companies can use this data to change peoples Internet browsing experience. They can manipulate peoples search results, product options, and more. There are also concerns about ISPs sharing their users data with governments.Users can reclaim the security of their data through NordVPN. NordVPN encrypts the data directly at the users devices. Thus, the ISP does not get access to users browsing data. It guarantees users security and control over their browsing data.

Strict Privacy PoliciesA VPN does not share its users data with ISPs, but it does share the data with its servers. So, rather than ISPs storing and sharing data, VPNs may do the same. In a way, the risk is not completely addressed, merely transferred.NordVPN uses very strict privacy policies when it comes to user data. Its anti-logging policies and advanced encryption protect user data from itself. The encryption process is designed so that even NordVPN does not decrypt it at any point. So, NordVPN cannot see its users data and thus cannot leak anything.

DNS Leak ProtectionThe Internet uses IP addresses, an alphanumeric address for each connected system. Whenever a user wants to visit a website, they need to search for its IP address. But that is almost impossible to memorize, so the Internet uses a Domain Name System (DNS).VPN systems route DNS queries through their encrypted server networks. But sometimes, DNS queries may leak through to the ISP. NordVPN uses cutting-edge technology to prevent such DNS leaks. It provides users with a thoroughly safe and secure Internet browsing experience.

Protecting Against Malicious WebsitesSome websites or pages contain malicious code that poses a serious security threat. They infect the devices with viruses or other problematic codes. They can infect devices with trackers, adware, or malware. Visiting these websites is a huge risk to users who may be unaware.NordVPN uses its network of servers and data to safeguard against such risks. It maintains an updated blacklist of such problematic websites. Thus, it attacks the problem at the root and prevents such websites from causing harm.

Access Content From Other CountriesThe Internet has given people access to content from various parts of the world. But several entertainment websites restrict their content based on users locations. So, users who wish to watch a certain show or movie may find it difficult to do so legally.NordVPN gives its users access to servers from 59 countries across the globe. Its users can mask their IP address and access content from these regions.

Secure Remote Working OptionBusinesses are embracing the work-from-home option these days. But there are undeniable risks to spreading a business network so far apart. Not all users would have access to the same level of Internet security in their homes. Such security risks affect all businesses to some extent.NordVPN offers special packages for businesses. It helps companies secure their employees and partners systems from threats.

Are There Any Problems With Using VPNs?The article has, thus far, explained the benefits of using VPNs. As society becomes more dependent on the Internet, people will use VPNs more. But VPNs have some distinct downsides. Though none of these are huge issues, some of the problems are: Since the connection is routed through remote servers, Net speeds can take a hit. Some sites, especially banks and financial sites, do not allow VPN traffic. If VPN systems are configured incorrectly, it may expose users to security risks.

What Makes NordVPN Special?There are many benefits unique to NordVPN: As a market leader, NordVPN provides users with cutting-edge protections. It monitors the Dark Web and safeguards users against data leaks. It uses the latest technology to mask users IP addresses and other data. Its team employs a firm focus on safety and security.

How To Use NordVPN?NordVPN offers customized products for various users . It supports all devices and operating systems. Microsoft products, MacOS, iOS, Android, and others can use NordVPN products.Using NordVPN is fairly simple. Here is a simplified process: Users must create an account with NordVPN and pay for a usage plan. The next step involves downloading the NordVPN app appropriate to the system. There are several simple tutorials on downloading and installing these apps. After installation, users can sign in using the previous login credentials.

How Much Does NordVPN Cost?Here are the latest prices for NordVPN: Standard one-month plan: USD 11.99 per month. Plus one-month plan: USD 13.49 per month. Complete one-month plan: USD 14.79 per month. Standard one-year plan: USD 4.99 per month. Plus one-year plan: USD 6.48 per month. Complete one-year plan: USD 7.78 per month. Standard two-year plan: USD 3.09 per month. Plus two-year plan: USD 4.59 per month. Complete two-year plan: USD 5.89 per month.

ConclusionNordVPN is a market leader in individual and business VPN solutions. Its robust security features can help users browse the Internet safely and securely.

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Ethereum-Based Altcoin Soars 30% in One Week, Massively Outpacing Bitcoin and Overall Crypto Market – The Daily Hodl

One Ethereum (ETH)-based altcoin is surging by nearly 30% this week as it outpaces both the king crypto and the overall digital assets market.

Interoperable blockchain network Quant (QNT) has sparked a rally over the last seven days, going from $103.14 on September 14th to $133.34 at time of writing, a nearly 30% gain.

QNT has risen significantly compared to top crypto asset Bitcoin (BTC) and the total market cap of all crypto assets, as they have gone up 3% and 4% respectively during the same time frame.

According to market intelligence firm Santiment, trading activity centered around Quant has risen significantly during the last month and week, supporting the crypto assets rise.

Quant has been climbing the market cap ranks as of late. Among the top 100 assets in crypto, it has the second-best returns in the past month, and best in the past week. Volume, daily active addresses, and whale accumulation have all supported QNTs rise.

Santiment further finds that traders currently purchasing QNT are retail investors rather than those holding at least $1 million worth of the digital asset, who are doing the opposite and selling their tokens.

If we look at holders distribution, we might notice that retail holders seem to be the ones buying QNT. A larger group of holders, QNT millionaires, holding from up to $1M worth of Quant, doing [the] opposite, they are offloading.

Though Quant has seen a massive rise during the last week, its still much lower than its all-time high of $311.72 set in September of last year.

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Crypto Trader Says One Altcoin Thats Exploded 120% This Month Is About To Nuke Heres His Target – The Daily Hodl

A widely followed digital asset trader and analyst is predicting a massive fall in price for a heavily traded cryptocurrency.

Pseudonymous crypto analyst and trader Altcoin Sherpa tells his 183,500 Twitter followers that the original utility token of the collapsed Luna ecosystem, Luna Classic (LUNC), is going to nuke.

According to Altcoin Sherpa, he can only buy LUNC for the short term, preferably if it falls to the key Fibonacci levels of 0.5 (50%) and 0.618 (61.8%).

LUNC: Still a massive shitcoin, I would only long at the 0.50 and 0.618 as scalps. Look higher for any potential shorts; this one is going to nuke to hades eventually. Dont buy this for the long term in my opinion.

Despite the collapse of the original Luna ecosystem, LUNC is heavily traded and constantly features among the top ten most traded crypto assets by volume. At the time of writing, LUNC was the ninth most heavily traded crypto asset, having recorded trading volumes of approximately $745 million over a 24-hour period.

Over the past 30 days, LUNC has soared by over 120%. At the time of writing, LUNC is trading at $0.000279, having gained approximately 121% from the low of $0.000126 it hit on August 31st.

Altcoin Sherpas bleak prediction for LUNC coincides with the news that the founder of the collapsed Luna ecosystem, Do Kwon, is being sought by the police. According to a recent report, Interpol has issued an international-wanted-persons notice for Kwon on behalf of South Korean prosecutors.

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This Is When The Altcoin Market Will Enter Final Capitulation Period, Per Analyst – Coinpedia Fintech News

Along with Bitcoin, altcoins too have been the prey of extreme volatility since a while now. Just a couple of days before the market appeared to be recovering but that couldnt hold on for long as the currencies dropped.

While the currencies struggle for a bull run, one of the known analysts is predicting more losses for altcoins in the days to come. On the other hand, even altcoins market valuation has dropped from 2021s $900 billion to $200 billion at present.

In a new strategy video, the analyst who is known as Pizzino informs his 276,000 subscribers over his Youtube channel that the present market cap of $221 billion is about to see its further pull down until next year. This $221 billion market cap doesnt include Bitcoin (BTC), Ethereum (ETH) and stablecoins.

The analyst claims that he has talked about this quite a few times where he has claimed that the crypto market is entering into the final capitulation period, especially when the crypto market cap dropped towards $550 billion. As the market cap has dropped towards $200 billion, he believes that we are almost near the capitulation period. Furthermore the analyst asserts that there will be a further drop of 23% declining towards $170 billion which was the reading during 2018.

As the crypto markets volatility continues, the analyst suggests that the altcoin market will soon plunge nearly 20% to 60% as there is an anticipation for another crash in the next one year.

He is of the opinion that once the altcoin market drops 20% to 60% we will see a final capitulation period and the market will continue downward. He says that while this happens Bitcoin will rise up again and reclaim its King position and this he expects to happen in the course of another one year.

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Litecoin Price Recovers But The Bears Might Drag The Altcoin To $51 – NewsBTC

Litecoin price had been staggering too, just like other major altcoins in the market. Over the last 24 hours, however, LTC moved up on its chart by 2.4%.

The bulls have yet to steady themselves on the one-day chart. Over the last week, LTC gained almost 3%. This indicated that the coin has not made any such considerable movement on its chart.

The bears were in charge of the altcoin, as indicated by the technical indicators. There is a significant immediate resistance for the Litecoin price to overcome.

The buyers were low in the market, and that has tired the bulls out consistently. At the moment, the coin has found support near the $51 price mark.

Because selling strength was greater than buyer strength in the market, the Litecoin price may not stay above that level for long.

On the other hand, if buying strength stabilises slightly, then there is a chance for LTC to move above $56. Broader market strength will be crucial for Litecoin over the next trading sessions.

LTC was trading at $53 at the time of writing. Litecoin price will witness tough resistance at the $56 price mark.

The bulls have moved closer to that price mark each time, but it has met with selling strength. Moving above the $56 price mark could help Litecoin price invalidate the bearish thesis.

The coin could experience a price ceiling at the $61 price mark. On the other hand, the support line rested at $51 and then at $43, respectively.

The amount of Litecoin traded in the last session declined, which indicated that buying strength remained low on the 24-hour chart.

LTCs indicators continued to display that the coin was in a downtrend. The sellers remained in control of the charts, which could potentially bring the coin down to $51.

If buying strength doesnt recover soon, LTC could move to $51 before it recovers on the chart again. The Relative Strength Index was below the half-line, which meant that sellers were more compared to buyers.

Litecoin price was below the half-line, which meant less demand for the coin. It also meant that sellers were driving the price momentum in the market.

The altcoin continued to paint a bearish picture, with sellers taking over on the one-day chart. The Moving Average Convergence Divergence indicates the price momentum and action.

MACD displayed red histograms, which were a sell signal for the coin. The Chaikin Money Flow measures the capital inflows and outflows in the market.

CMF was below the half-line, which meant that capital inflows were lower than outflows on the one-day chart.

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Altcoin Built on Ethereum Erupts 75% in Three Days Following Patent Infringement Lawsuit With Coinbase – The Daily Hodl

An Ethereum-based crypto project is quietly outshining other digital assets as markets turn green on a relief bounce.

Veritaseum (VERI) is a global blockchain-based software that aims to provide access to peer-to-peer financial marketplaces.

Veritaseum offers a suite of various products, including a forensic research tool, a lending or rental platform, and a tokenization service.

VERI, the ERC-20 token that powers the ecosystem, has a current market cap of $93 million and is trading for $42.62.

VERI has been showing strength over the course of several days following a lawsuit against Coinbase, filed by Veritaseums creator Reggie Middleton who alleges that the crypto exchange is infringing on his patent for a value transfer technology.

According to afilingin a Delaware court, Veritaseum Capital is seeking $350 million in damages from Coinbase under the claim that the exchange is using its patent to facilitate several of its services, including Coinbase Cloud, Coinbase Pay and Coinbase Wallet.

The filing stated that Coinbase has been raking in a substantial amount of its revenue using Middletons technology.

While the connection between VERIs price action and the lawsuit is unclear, the Ethereum token pulled off a rally of over 75% in just over three days following news of the filing. Going from a low of just above $27 on the 24th, VERI reached a high of $47.80 on the 27th, and has held on to most of its gains at time of writing.

Coinbase has not commented on the lawsuit at time of writing.

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Will Fantom [FTM]s bullish streak of Q3 follow the altcoin as we enter Q4 – AMBCrypto News

Fantom, the scalable blockchain platform, in its latest general update, intimated its users of the growth registered on its network. According to the update, in the last three months, Fantom saw an average daily transactions count of 820,000.

With new addresses registering on the network during Q3, unique wallet addresses on Fantom stood at a total of 3.5 million. It further added that all transactions completed on the network during the quarter cost a daily average gas fee of 146 billion FTM, representing a 9% jump from what was registered in Q2.

Also impacted by the collapse of Terra in May, FTM spent the entirety of the trading month that followed chasing lows. Dropping by 40% in June, FTM started Q3 at an index price of $0.25.

The first month of Q3 was marked by a significant recovery in the cryptocurrency market. The price of Bitcoin [BTC], rose by 17%. Likewise, leading altcoin, Ethereum [ETH], registered a 57% growth in its price in the 31-day period. Not left behind, the price of FTM rallied as well in July. The altcoin closed the trading month at $0.32, having gone up by 28% within that period.

The altcoin continued on an uptrend to log a price high of $0.4091 on 14 August, after which it since embarked on a decline. According to data from CoinMarketCap, exchanging hands at $0.2347 at press time, the price per FTM was down by 73%.

At its current price level, FTM traded below the price position it started the quarter at.

As FTMs price touched various highs and lows in the last three months, key holders of the asset reacted differently. While the count of holders of 1,000 to 10,000 FTM coins increased in the last three months, those that held between 10,000 to 100,000 FTM coins took to distribution in the past 88 days.

Furthermore, the July rally caused the count of addresses holding between 1,000,000 to 10,000,000 to clinch a high of 130 addresses. Additionally, FTMs price fell, and the number of addresses also stood at 126 addresses by press time.

As for daily active addresses on the network during the quarter, the highest daily count within the three-month period was 1,118 addresses on 21 July. The number of unique addresses that traded FTM daily since fell steadily.

At press time, this was 98. With severe price fluctuations during the quarter, a sizeable number of FTM holders registered losses. The 90-day Market Value to Realized Value (MVRV) posted a negative value of -18.18%.

With the Mean Dollar Invested Age (MDIA) on a continued uptrend during the quarter, there has been some dormancy on the FTM network in the last 88 days.

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This Is the Only Top Altcoin Surging While All Other Cryptos Bleed – BeInCrypto

Reserve Rights (RSR) has broken out from a two-month-long bullish pattern. It could potentially increase all the way to $0.01 after an initial retracement.

Despite the ongoing market correction that began on Tuesday, RSR has gone contrary to the market movements and managed to create a bullish engulfing candlestick.

The candlestick also served to validate (green icon) the resistance line of the previous descending wedge, from which the price broke out on Sept. 23.

The daily RSI also legitimizes the breakout, since it has moved above 50 and is still increasing. If the upward movement continues, the closest resistance area is at $0.01.

The price has not moved above it since the wick high of June 7 (red icon) and has not reached a close above it since May.

Therefore, despite the breakout, a reclaim of the $0.01 area is required in order for the bullish reversal to be confirmed.

Despite the breakout and bullishness from the daily time frame, the four-hour chart shows considerable weakness in the form of bearish divergence in the RSI (green line) and several long upper wicks, which are considered signs of selling pressure.

Moreover, the movement over the past five days has had significant overlap, suggesting that it is corrective.

If a retracement occurs, the main support area would be between $0.007 and $0.0074, created by the 0.382-0.5 Fib retracement support levels.

After it is reached, RSR could create a higher low and potentially resume its upward movement towards $0.01.

The scale of the outperformance relative to the market is better seen when looking at the RSR/BTC pair. The price created a massive bullish engulfing candlestick on Sept. 19, validating the previous breakout from a descending resistance line.

The increase was also combined with a RSI movement above 50 (green icon), further increasing its legitimacy.

If the upward movement continues, the next closest resistance area would be at 64 satoshis. As it stands, an increase towards this area is the most likely possibility.

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