Wednesday 1 February 2023
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Tag Archives: ethbtc

Decentraland Up For 4th Straight Session As MANA Targets $1.5

For the fourth straight session, Decentraland has shown up and has seen a surge of nearly 2%. More so, MANA’s fourth day exhibited a price spike trading above $1. Metaverse has been picking up steam especially since Facebook was revamped to Meta. Prior to that, Decentraland has always been extremely popular, especially for those who are into the virtual world but have grown tired of child play. Related Reading: STEPN Kickstarts Gamers’ Interest As GMT Capitalizes On Bullish Retracement The Popularity Of Decentraland MANA Basically, Decentraland was geared towards teenagers and adults who are looking to socialize, build, and earn with virtual land. All the virtual lands and assets seen in Decentraland can be bought with the MANA token. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Virtual real estate has also been very in-demand and MANA has been consistently shaping its virtual environment to provide sophisticated and ..

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STEPN Kickstarts Gamers’ Interest As GMT Capitalizes On Bullish Retracement

And the game is on for STEPN as the GMT token plays in sync with other cryptocurrencies amplified for the bull run. In the past couple of weeks, STEPN has been making upgrades on its network to rekindle the waning interest of gamers. And the token seems to be making a lot of progress. The move-to-earn game has recently rolled out Health Points that set a certain life cycle for STEPN sneakers. They also were brewing an exciting STEPNrun Contest that is scheduled to kick off from July 25 to August 8 which is meant to get the word out about STEPN on social media. The contest is designed to run on both Instagram and Twitter. Related Reading: Cardano Pulls Up 5% In 24 Hours, Unfazed By Vasil Hard Fork Delay GMT Token Price Warms Up At $1.01 The GMT token price is currently at $1.01 and is forecasted to take off in the past couple of days. It looks like STEPN is just warming up at this point with its recent updates. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every..

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Cardano Pulls Up 5% In 24 Hours, Unfazed By Vasil Hard Fork Delay

Cardano (ADA) had no problems pulling off a 5% spike in roughly 24 hours despite the delay of the Vasil Hard Fork upgrade. Analysts forecasted that the hard fork can help ease Cardano out of its bearish stance but it seems the coin didn’t struggle a bit despite the postponement. Over the past 24 hours, Cardano’s value has jumped by 5% as it now trades at $0.58% in sync with the current crypto market price momentum. Over the past couple of weeks, ADA was seen to have fluctuated wildly as the coin’s being jerked sideways brought about by the mounting buying and selling pressure. In all likelihood, ADA seems to be mirroring the current crypto market trends as it adds and shaves off value. Vasil Hard Fork Moved For August Launch Vasil Hard Fork was supposed to be launched in June and then moved to the end of July. However, IOG, Cardano developer, made some announcements that there will be some delays and the upgrade will be rolled out by August to give way to smooth transitions in networks. According to Kevin Hammond, Technical Managerof IOHK, the purpose of the delay is to ensure that everyone is all set for the upgrade including API developers, stakeholders, and exchanges. This upgrade will set the stage allowing many developers to easily build on Cardano. Still, ADA outlook remains to be optimistic as the network constantly works to improve the network. And this upgrade is expected to push the token up to its next target of $1. Everyone is banking on the likelihood that ADA price will spike once the upgrade is launched similar to what happens following upgrades on other DeFi tokens. Cardano Unable To Keep Up With Strong Crypto Recovery? Cardano has developed a strong community that supports the coin following the rollout of smart contacts. It’s only Achilles heel at this point would be the recent crashes that assailed ADA’s value. Nevertheless, Cardano was able to muster an all-time high back in 2021 when the coin surged at $3.10 but it was a flash in a pan, as the price declined shortly. The plunge continued yet stopped when ADA’s value hit $0.51 as it has been trending with the observation that it may not be able to keep up with the recovery that the crypto market is enjoying at the moment. And so, the bearish sentiment continued for ADA. The CoinMarketCap community has predicted that Cardano will most likely trade at $0.7311 come August 31 of this year. Others forecast that ADA may surge by 19% in August. ADA total market cap at $17.7 billion on the daily chart | Source: TradingView.com Featured image from Cryptocurrency News, chart from TradingView.com

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Dogelon Jumps 6.15% Over The Last 24 Hours – Can ELON Rally Further?

Dogelon Mars (ELON) isn’t just another meme coin. In fact, its crypto team shows off this ERC-20token as a universal currency. The ELON token has been growing aggressively and has seen a phenomenal growth spurt of 6.15% overnight. The ELON meme coin currently trades at $0.0000003618. To date, investors are trying to zero in on the Dogelon Mars (ELON) value at the lower price levels as it forms a symmetrical triangle pattern on the current price charts. As of press time, it looks to form a continuation pattern that could likely invite a breach on the upside. Dogelon Mars (ELON) follows suit with that of Bitcoin, Ethereum, and other cryptocurrencies in the green as the new meme coin on the block has soared by 62%. What’s The Dogelon Mars (ELON) Project? The ELON project is said to have this dream or mission of reversing the damage inflicted by crypto fraud and scams. Evidently, the Dogelon Mars (ELON) community also donates ELON tokens to crypto scam victims. Dogelon Mars (ELON) is inspired by a comic series NFT character. The dog-themed meme coin that is built on the Ethereum blockchain was introduced in the crypto scene on April 23, 2021, but it exploded in popularity when it had its bull run in November 2021. The crypto team also elaborated on their plans for expanding the ELON project. Judging by the technical analysis, the ELON meme coin has been gliding with a symmetrical triangle pattern for over 62 days. This is definitely exciting to watch especially as the tension gyrates in between the support and resistance trendlines. In effect, the bulls and bears are in a constant struggle to see where the price leaps next. Will ELON Make It Or Break It? So, if the bulls remain consistent with the positive price momentum then we will most likely see a breach that may result in an ELON price surge of 78.6%. The target for this bullish perspective is $0.0000006448. In contrast, traders should anticipate that they’re bound to face enormous resistance to the ELON meme coin at the $0.000000502 zone which is mainly due to the swing-low depicted from January 22 of this year which has switched into resistance. Apart from the symmetrical triangle pattern, there is also an appearance of a hammer candle coined as bullish which was seen on a weekly chart. For most parts, the hammer candle can be spotted at the end of a downward trend. However, the strong buying momentum has caused the ELON meme coin price to soar. In the event that Dogelon Mars (ELON) coin beaches the resistance level, the price surge will most likely continue. However, given the influx of macro-economic factors hindering a bull run, it could be a make-it or break-it outcome at this point. Crypto total market cap at $1.08 trillion on the daily chart | Source: TradingView.com Featured image from Watcher Guru, chart from TradingView.com

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XRP Sustains Solid Momentum To $0.37 In All-Green 7-Day Climb

Ripple (XRP) has walked the last mile after it waded lows at $0.326 and surged by 16% in the last 48 hours. While everything is looking green and bullish, XRP is still faced with the $0.381 resistance, and if the coin fails to shoot over that means a correction is looming. A candlestick close that goes under $0.381 can debunk the bearish outlook for XRP. Ripple price showed colossal strength as it ricocheted off a support zone that hereinafter triggered a bullish streak seen in the past two days. While it was looking extremely bullish as it was able to sustain its momentum at $0.37, investors can’t be overconfident as the recent rally could lead to a retracement or an extension. XRP Pulls Off 16% Surge In 48 Hours Ripple price was able to puncture right below the trend line which indicates buying pressure has paused. Even so, Ripple was able to pull around after soaking it up at $0.326. This evidently stirred up a 16% surge in a little over 48 hours. XRP price may either go above $0.381 and make that as a support line or possibly retrace and retest the $0.340 zone. Looking at the current market sentiment, a retracement is more likely to happen if the BTC price goes for a u-turn. In effect, the XRP price can always fall back to the $0.340 support zone. Now, if the barrier or resistance zone is breached, the Ripple price may plunge to the $0.326 level. However, in the event that Ripple price forms a daily candlestick that goes above o$0.381, then this invalidates the bearish confluence. With this development, the XRP price can spike towards $0.439. Can XRP Go Around The Bearish Divergence Pattern? Ripple is currently painting a bearish divergence formation which should be taken seriously. The only way to go around the divergence is for the XRP price to plunge or if the XRP price can successfully increase and bypass the invalidation point seen at the $0.48 line. A warning was recently issued on July 26 as the XRP price was jilted from a trend line that dates back to April of last year. In effect, a $0.24 target was announced which is based on Fibonacci and Elliot Wave projections. On July 27, the Ripple price was seen to go into reverse with an upsurge in volume and an extreme bullish candle. Moreover, a 3-day morning star pattern was formed which encourages traders to remain glued to bullish targets. XRP price may go as high as $2 or even $10 one fine day. However, right now, being overconfident about this can be extremely risky profit-wise. XRP total market cap at $17.9 billion on the daily chart | Source: TradingView.com Featured image from Medium, chart from TradingView.com

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Ethereum Barrels Past $1,700 – Next Target: $2,000

Ethereum (ETH) price overshoots above $1,700 hinting a bullish momentum. And everyone was blown away. James Seyffart, Bloomberg Intelligence research analyst, was impressed: “Ethereum just flew right through resistance there.” Bitcoin, Ethereum, and other cryptocurrencies have soared following the Fed interest rate hike of 0.75%. It was indeed an optimistic kind of domino effect for the crypto space. Can ETH Stay Above $1,700? Now, that ETH was able to do the inconceivable, all that’s left for ETH to do is to maintain that momentum and do everything in its power to stay above the $1,700 line. More so, Nasdaq Composite stocks were also up by 2.67% on Thursday despite the U.S. economic slump revealed in the GDP report. This is regarded to be Nasdaq’s recent all-time high since April 2020. In addition, this is considered the biggest Nasdaq rate hike since December 16, 2008, wherein Ben Bernanke, Fed’s ex-chairman shaved off the interest to almost zero in the middle of a global financial crisis. Ethereum is set to showcase a bull run in line with the merge event happening in September. ETH price shows a forking movement sliced between the two impulse waves which may result in some problems with holding ETH. A possible retracement towards the $1,270 level remains a possibility. A breach on the $1,250 level can invalidate this recent rally. The weekly forecast on ETH price is validated as the second largest crypto made it through the 1.5-1 trading setup. Target Zone Hit July 28, Next Target: $2,000 Analysts have let in a couple of perspectives on July 22 regarding ETH’s potential knife catch or v-shape retracement and liquidation. The knife catch may occur at the $1,300-$1,350 level or target the $1,900 zone after the decline. Invalidation of an upswing has been moved to $1,250 to create some space for adjustments and accuracy. In fact, analysts and experts recommend waiting for a breach that offshoots $1,460 to gain more confidence in trading ETH. And that happened recently. The first target zone was punched through on July 28. Traders who went with the big moves of ETH are currently gaining strides in profitability with the coin. ETH price was able to successfully validate its bull run as it swishes towards $1,900 in the short term. ETH may probably hit the $2,000 level and all it needs to do is stay afloat and hover above $1,700. The 2,000 level is the next potential target, with a resistance zone set at $2,158. ETH total market cap at $384 billion on the daily chart | Source: TradingView.com Featured image from TIME, chart from TradingView.com

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Polkadot (DOT) Grinds 15% Higher Amid Sustained Buying

There’s no stopping Polkadot (DOT) price as it continues to locomote up. It’s the second consecutive day of winning streak for Polkadot as it spiked by 15% in gains. According to CoinMarketCap, Polkadot (DOT) price is currently up by 5.92% or at $8.02. It currently has a total market cap of 7,916,976,700 as of this writing. DOT price has experienced sustained and robust buying pressure after touching on lows on Tuesday at $6.52. The coin has successfully bounced back from the $6.50 support line. Related Reading: Bitcoin Makes Surprise Climb As Fed Discloses 0.75 Point Rate Bump Can DOT Spike To $8.50? The coin has recovered steadily as seen in the past two sessions and has also generated heightened massive investor interest and price hike. A breach above the $8.00 level would reinforce gains for DOT. Looking at the daily chart, DOT price has been experiencing resistance close to the sloping line that stretches from $9.5.But, the downside is seen close to the $6.25 zone. Breaking through the resistance level of $8.05 requires strong buying pressure. Polkadot price is looking extremely volatile and continues to be unpredictable in terms of price movement. Meanwhile, the bulls are trying to jab the price pushing it further the descending trend line. As DOT/USD nears the 50-day EMA or Exponential Moving Average, the price could potentially shoot for $8.50. Additionally, RSI has also traversed the average line and could jump higher. RSI is currently at 56. With the hourly time frame, DOT price hints more gains or higher than 15% from yesterday’s $6.73. After retesting at $7.93, DOT price has retraced and swerved way up with the current session’s high. This implies that buying pressure is close to the lower zone. Related Reading: Tron (TRX) Extends Gains As Prices Break Away From Support Point Bulls In Command, Conquer Mode The histogram bars seem to plunge with the MACD indicator revealing a downward bullish trend. RSI is showing positive or is neutral and neither bearish nor bullish. DOT is definitely looking optimistic when perceived on a higher time frame. However, on the lower time frame, it still shows negative in perspective. So, it would be wise to hold your horses and await validation before pushing through more aggressive bids. DOT price shows that the bulls have been manning its price since September this year. The market has witnessed slopes or combinations of higher highs and higher lows, which implies that the bulls have the upper hand too on DOT price. DOT prices were previously seen to be merging in the $6.42 and $7.2 range. DOT’s RSI is above 50 which strongly indicate that the coin is bullish. On the other hand, if Polkadot prices plunge to $6.61 and under, this would hint that the bears were able to take over the market. It seems the bulls are in command and conquer position. Polkadot is set to continue with its bullish momentum as triggered by an overall positive market sentiment. DOT total market cap at $7.8 billion o..

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Bitcoin Makes Surprise Climb As Fed Discloses 0.75 Point Rate Bump

Bitcoin and the rest of the crypto market have been in a festive mood in response to the U.S. Federal Reserve’s interest rate hike, sending both Bitcoin and Ethereum climbing in prices. The Fed’s announcement has sent Bitcoin’s price up by 5%. As of this writing, Bitcoin is trading at $22,837, up 7 percent in the last 24 hours. More so, Ethereum’s price also spiked by 11.6%; hitting $1,550, data from Coingecko show, Thursday. In fact, the entire crypto market is on a positive outlook with the total crypto market cap at $1 trillion. Bitcoin was down the past week with its price plunging below $21,000. But, with Fed’s latest 0.75% rate bump, the BTC price has skyrocketed once again. Fed Battling Inflation With Interest Rate Hikes The Federal Reserve attempts to buffer inflation with a 0.75% rate increase. The central bank’s move on the rate hike is said to be in the country’s best interest especially since the U.S. Bureau of Labor Statistics recently broke it to the public that the Consumer Price Index or inflation rate is at 9.1% in June, a 40-year high. The Fed’s continuing rate hikes have sent the negative message that the country could be in danger of a recession. It triggered a domino effect. Following the Fed’s rate hike, the U.S. interest rates have also spiked at a range of 2.25% and 2.5% which is at extreme levels since the COVID-19 pandemic started. The U.S. central bank has recently revealed this development at the Federal Open Market Committee held Wednesday. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red Survey: 96% Of Americans Worried About Inflation The Fed has been trying to put a rein on the high prices with an increase in interest rates for the longest time. U.S. Bureau of Labor Statistics disclosed that the biggest factors adding up to the inflation rate are shelter, gasoline, and food price hikes. Reportedly, a CNBC poll revealed that around 96% of Americans have been particularly worried or concerned lately regarding the gas, shelter, and food price increase. Image: Beinchain To beat inflation, the Fed has the option to constrict the supply of money. So, it resorts to bumping the interest rates which in effect, makes loans expensive. The 0.75% rate hike was expected although it was earlier ruminated that the central bank may go for a 1% rate hike when inflation mellowed in June. Related Reading | GNOX Set To Overtake APE, MATIC As Token’s Price Continues Ascent The recurring high prices and interest rate hikes have fueled fear in citizens as the danger of a recession continues to escalate. It has heightened levels of uncertainty in global markets especially because a recession would most likely happen following two straight quarterly GDP drops. The GDP as presented by the Bureau of Economic Analysis has shown that the economy has dwindled by 1.6% as shown in the first financial quarter and economists are concerned that a decline is possible too for the second quarter. GDP Q2 numbe..

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Tron (TRX) Extends Gains As Prices Break Away From Support Point

While the rest of the crypto market is in a state of frenzy, Tron (TRX) price dominance is on for the second day in a row as its price swerves away from the support line. Tron has had a swift recovery so far. TRX/USD swished to a 3% jump and intraday high of $0.06631 today in contrast to yesterday’s low that registered at $0.06383. The rebound was seen after TRX has been moving in the red zone for several days now. The cross signals seen in the daily chart usually hint a downtrend but it somehow triggered a bull run. Related Reading | Tezos (XTZ) Price Movement Indicates Looming Price Drop TRON RSI To Cross 49.85 Resistance Line This will be tested soon as the RSI is seen to cross the 49.85 resistance level. The current price of the TRX/USD pair is at $0.064 and has declined by 2.15% in the past 24 hours. In addition, trading volumes have reduced by 1.89 as seen overnight. TRX bears are seen to ascend in the coming days. A few days ago, technical indicators all show a bearish perspective for Tron which has to retrieve the resistance level at $0.07 to gain back the confidence of investors and step on the gas for a bull run. But, it seems the odds aren’t in favor of a bullish standpoint considering that the bears have already been collared in the market. Once the support level is hauled back to $0.06, then it’s the break the bulls needed to reclaim the market. Crypto total market cap at $1.02 trillion on the daily chart | Source: TradingView.com Can Bulls Tilt The Boat? TRON’s RSI is transacting at around 40.85 following the failure to maintain the bullish streak impeding the bears’ dominance. Currently, the RSI line reveals a divergence showing that transactions are happening below the 14-day average line. With that being said, it means trouble in paradise for the bulls who are eyeing the resistance line. The bears seem to have dominated on the red line but can the bulls tilt the boat? Can TRX beat the selling pressure? Tron is gaining in prices today and the bulls are definitely taking the lead hinting that anything is indeed possible. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red Tron has been trying to outstage Ethereum since day one. It’s a platform that supports DeFi applications and smart contracts. Tron is looking to decentralize the internet and outperform Google and Facebook. Users will need to buy and hold TRX to use the network’s storage, CPU, RAM, and other resources. Following that, users can freely transact on the network. Featured image from AAX Academy, chart from TradingView.com

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GNOX Set To Overtake APE, MATIC As Token’s Price Continues Ascent

GNOX, and the crypto markets, are slowly recuperating from months of recession. And it’s not just the crypto winter that’s to blame, a whole rigmarole of other factors comes into play. Traders and investors are now looking for the most lucrative and promising cryptocurrencies and projects like the blue-chip GNOX. With its impressive business model, many crypto experts are placing their bets on the token, a new breed of DeFi or smart money that is expected to eclipse APE and MATIC in terms of price gain. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red GNOX Pre-Sale Price Spikes 60% Gnox is a revolutionary and user-friendly Decentralized Finance earning tool which comes handy even for beginners. Evidently, the token’s pre-sale price has spiked by 60% even if it hasn’t been launched yet. Gnox is yet to launch in August 2022 but to date, it has already amassed hefty pre-sale gains matching the needs of private and institutional investors. Its massive growth even at a pre-launch stage is comparable to that of EOS and Binance Coin (BNB). Gnox is definitely great fit for newbies in the DeFi space because its platform is made conducive to investors who are looking to create passive income from crypto. APE And MATIC Enjoy Price Pumps APE and MATIC are also enjoying significant price hikes as the Bored Ape Yacht Club APE token price increased by 20% which goes the same with Polygon’s MATIC price that jumped by 16%. Polygon recently announced an ETH upgrade which gave MATIC increased momentum especially since it was also made public that the latter has been chosen to be a part of much-coveted Disney accelerator program. These left and right collaborations and development paved the way for MATIC’s recent increase in price that soared by over 60% in the past couple of days. More so, MATIC has also grown rapid to over 126% as seen in the past making the token one of the high-performers among cryptocurrencies at that particular time. Related Reading | Shiba Inu Whales Trading Volume Surges 640% As SHIB Holds Critical Support Crypto total market cap at $1.03 trillion on the daily chart | Source: TradingView.com The Promise Of Passive Income Gnox promises passive income opportunities apart from ridding off middlemen in financial tractions. It’s also the first-ever protocol that has a treasury. It aims to simplify DeFi and make it easy-running for all investors; even for entry-levels. For those with low-risk appetite, Gnox is a haven because this platform allow everyone to access lending and liquidity protocols without taking lengthy steps. The only requirement is to buy and hold GNOX and then start earning passive income out of it. Apart from providing passive income, Gnox also aims to be platform for different DeFi activities. In the future, Gnox is also planning to launch NFT staking and a decentralized exchanged combined with an aggregator tool. Once Gnox is launched, the protocol is designed to be 100% decentralize..

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