Blog – Page 47

Bitcoin: What this ‘gray-haired’ exchange movement could mean for BTC

Bitcoin’s exchange inflows CDD value witnessed a surge BTC exchange inflow stood lower than BTC’s exchange outflow Bitcoin[BTC] exchange inflows Coin Days Destroyed (CDD) increased tremendously as several dormant addresses moved their coins. According to CryptoQuant analyst, Tomáš Hančar, the recent movement signaled the highest since BTC hit its lowest in 2021. Due to the action, investors might expect that it was an indication of a sell-off. However, the BTC price action didn’t seem to respond as it increased 0.43% in...

Pullback Opportunity Shine On Spain National Fan Token (SNFT)

Published 31 mins ago The Spain National Fan Token shows a minor pullback after witnessing a massive rally last week. This pullback should stabilize the price from aggressive buying pressure and eventually lead to a bullish upswing to surpass $0.545; however, far may this pullback go?

Key Points:

A low volume reversal hints at a temporary rpullback in Spain National Fan Token(SNFT) price The $0.4 support could offer a strong launchpad to resume the prior rally. The 24-hour trading volume in the Spain...

Former US Treasury Secretary Says FTX Is More Like Enron Than Lehman Brothers

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange FTX is comparable to the Enron scandal of the early 2000’s. Speaking in an interview with Bloomberg, Summers argued that while many were...

Grayscale Investments: “Our Products’ Digital Assets Remain Safe and Secure”

Grayscale Investments (“Grayscale”), a subsidiary of Digital Currency Group (“DCG”), says that “custody of the digital assets underlying Grayscale’s digital asset products is unaffected,” but it is not willing to disclose wallet addresses or provide on-chain Proof of Reserves (PoR). Here is how Coin Metrics Co-Founder Nic Carter, who...

Will Bitcoin Price Continue its Downfall In Coming Weeks?

Published 20 mins ago Amid the recent bloodbath in the crypto market, the Bitcoin price lost the last 2022 bottom support of $18400-$18200. Losing this crucial support indicated the BTC price should continue the prevailing downtrend to revisit lower levels. However, the Stock to Flow (S2F) model by Plan B and RSI divergence suggest that the Bitcoin price will recover in 2023.

Key points:

The technical indicators suggest an oversold Bitcoin price A bullish breakout from the weekly 20 EMA slope should...

Cosmos: Taking a short position on ATOM? Read this to get a clear picture

Osmosis outperforms other DEXes in terms of development activity Despite this, Cosmos’ TVL continues to decline, along with its trading volume Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days. Read Cosmos’ [ATOM] price prediction 2022-2023 As can be seen from the image below, Osmosis’ GitHub...

$SOL: Coin Bureau Explains Why Solana Price Could Go As Low as $8

In an update released two days ago, Coin Bureau looked at how the collapse of SBF’s FTX empire could impact the price of $SOL, the native token of the Solana blockchain. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses...

Tuvalu Aiming to Become First Country To Replicate Itself in Metaverse

The small Polynesian island country of Tuvalu has announced it will leverage the use of the metaverse to recreate a digital version of itself in response to rising sea levels. According to a report by Reuters, Tuvalu has announced that it will digitally replicate its islands and landmarks...

Chainlink investors looking beyond LINK’s price could find some respite here

Chainlink clinched an all-time high in the count of its daily social contributors. Its price continues to decline, and its outlook in the short term remains bearish Recent data from cryptocurrency social analytics platform LunarCrush revealed that LINK, Chainlink’s native token, clinched an all-time high of 35,540 in its number of daily social contributors. Read Chainlink’s [LINK] price prediction 2023-2024 The rally in social activity came after the leading oracle network

Former President Donald Trump Refuses to Come Back to Twitter

Former U.S. President Donald Trump has been unbanned on Twitter following a poll conducted by new chairman Elon Musk. Over the weekend, Elon Musk conducted a Twitter poll to bring President Trump back. Nearly 15 million people voted with 51.8% saying yes they want to see the former President back on Twitter. The Twitter team has reinstated the @realdonaldtrump account after nearly 22 months of ban on the platform. So far, the former U.S. President hasn’t tweeted through his account...