Blog – Page 467

Ethereum Price Prediction: Face Upside Risk Of 28% From $2,500, Is Bounce Back On The Cards?

Ethereum’s price is firmly holding its foothold near $2,500 on Tuesday. ETH’s price is whipsawing between $2,500 to the downside and $3,200 to the upside, in a trading range since January. Upside potential is evident as price found reliable support at $2,500. Ethereum’s price remains stable at around $2,500 with remarkable gains. Expect a bounce back with an ascent of 28% from the current levels. RSI gives bullish divergence since January 21.

Ethereum price sets for a bounce-back

Source: Trading View Ethereum price set to...

Few reasons why there’s more to Ethereum Classic’s near-term recovery

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum Classic (ETC) continued its plunge down the price charts until the $21-mark in late January. Since then, however, the bulls have initiated a gradual recovery. With the intersection of the $25 horizontal support and its trendline support (white, dashed), ETC found a dependable floor. As the buyers continue to build up pressure, the alt might aim for a possible test...

Commodities Are Soaring. That’s a Bad Sign for Crypto

Key Takeaways

Commodities like oil, gas, wheat, and precious metals have soared in price due to supply-side shocks caused by the Russia-Ukraine conflict. Soaring commodity prices could lead to a global recession, painting a bleak long-term market outlook for risk-on assets like Bitcoin. Investors appear to be showing interest in precious metals like gold and palladium, which are trading near or beyond their historic highs.

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Oil, gas, wheat, and precious metals are soaring and adding inflationary pressure to already-high CPI inflation...

Luna Price Prediction: Upside Seen at $90.0 Near Double Bottom At $75.0, Are You Buying It?

Luna’s price trades higher on Tuesday with remarkable gains. Terra (LUNA) lead gains among major cryptocurrencies in a broader market recovery. After riding nearly 100% in eight days, hitting the swing highs at $97.26 price retrace toward $75.0 Luna bucks the previous session’s decline with significant gains on Tuesday. Expect more gains as the price reclaims the critical $80.0 level. LUNA retreated 22% from the March 2 high find support around $75.0. At the time of writing, LUNA/USD is trading at $81.20, up...

IQ Protocol Announces Live Staking Pool for Trading Tools Provider, Autonio, and Their Native $NIOX Token

Tallinn, Estonia, 7th March, 2022, Chainwire

IQ Protocol provides Autonio token holders staking rewards whilst supporting a circular subscription model for their platform users

IQ Protocol, the world’s first DeFi solution for sustainable blockchain subscriptions, today announced a live staking pool for Autonio token holders. The IQ Protocol is an...

Bitcoin maximalist trashes ‘sh*tcoin’ Cardano – How did the community react?

Crypto-enthusiasts see Cardano with two different perspectives. One group has always had significant confidence thanks to the platform’s impressive developments. Developers have worked on scaling concerns, as well as fastened the speed of transactions and what not. On the contrary, many others still consider Cardano a shitcoin. In doing so, this group targets the alleged lack of any real-life utilities.

Who’s laughing at Cardano?

Popular Bitcoin podcast host Peter McCormack falls in the second category, recently referring to the cryptocurrency as a...

ETH Struggles Below $3K –

Ethereum price started a fresh decline from well above $3,000 against the US Dollar. ETH price is now trading below $2,800 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2,590 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $2,445 support zone. Ethereum price is gaining bearish momentum below $2,800 against the US Dollar. ETH/USD remains at a risk of...

$220 M Positions Wiped In Last 24 Hrs As Crypto Faces Multiple Regulatory Decisions In US And Europe

Crypto traders were caught off-guard as the market paused recent losses, liquidating $230 million in positions over the past 24 hours. Total market capital appeared to be holding around $1.7 trillion this week, after losing more than $200 billion in five days.

Shorts disappointed as losses pause

Traders positioning for a further decline in markets were disappointed as crypto traded steady, data from coinglass showed. $96 million in short positions were liquidated in the past 24 hours, with Bitfinex seeing the...

U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity

Binance’s launch of fiat-to-crypto payments provider Bifinity on Monday, March 7, has met with immediate resistance from U.K’s top regulatory body – Financial Conduct Authority (FCA). With Monday’s launch, Binance confirmed that its newly launched Bifinity service will advance a $36 million convertible loan to Eqonex. This gives Bifinity some specific contractual rights over Eqonex. The FCA explains that Eqonex is the parent company of Digivault, a crypto business officially registered by the FCA under the Money Laundering Regulations (MLRs). The...

The evidence in favor of Uniswap’s 78.5% domination of DEX market

Along with the rest of the cryptocurrencies, the exchanges also suffered the ‘dip’.Despite massive popularity, Decentralized Exchanges weren’t alien to the same. Even so, Uniswap managed to maintain its position as the biggest DEX and further cemented it.

King DEX – Uniswap

Since November began, the daily and weekly traded volume on Decentralized exchanges took a significant hit. Uniswap, the leading DEX, witnessed a 53% drop in weekly volumes from $26 billion to $12 billion. But other DEXs lost much more than...