While many investors are busy looking at crypto-assets like coins or tokens, we also need to keep an eye on DAOs. In particular, MakerDAO – the project behind MKR tokens and DAI – has been seeing some intriguing activity of late.
On March 1st, the Cardano (ADA) price was rejected from the $1 psychological level with an evening star candle pattern. The sellers sank the altcoin back to weekly support of $0.82. Can sellers extend this sell-off to newer levels, or would buyers step in to seize control from them?
Cardano and its fundamentals continue to be a major attraction for investors and developers despite its lukewarm performance over the last six months. Now, unlike other altcoins, Cardano’s downfall began three months prior to the rest of the market. Even so, investors are hoping that it could come to an end soon.
FTX Future Fund, the philanthropic fund of FTX Co-Founder and CEO Sam Bankman-Fried (aka “SBF”) is investing up to $1 billion this year “making grants and investments to ambitious projects in order to improve humanity’s long-term prospects.” According to the website of Future Fund, which is “funded primarily by...
In a recent interview, former Goldman Sachs executive Raoul Pal explained why despite being “very bullish” on Bitcoin at first, he later came to the conclusion that Ethereum would outperform Bitcoin. Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund...
On 5th March, the Terra(LUNA) price turned down from the $92 resistance, hitting the immediate support zone of $80-78.3. The technical chart shows the buyers have two significant support of $78.3 and $61, which could revert the ongoing correction. Moreover, the Terra coin got recently listed on a Bahamian cryptocurrency exchange-FTX Key points: The LUNA chart displays lower price rejection at $80 support. The intraday trading volume in the LUNA is $2.5 Billion, indicating a 25.6% loss. Source- Tradingview Last week’s recovery...
Although the market recovered pretty quickly after 24 February, the bears continued to circle around. The likes of Solana, ETC and FTM projected similar trends on the 1-hour chart. Solana (SOL) Source: TradingView, SOL/USD SOL lost its advantage as it fell from the $105.40 mark to gain support at $77.50 on 24 February. However, the buyers came to the rescue and the alt quickly bounced back up. Over the next six days, SOL managed to reclaim the $105 level as resistance. However, the...
In the wake of the geopolitical issue between Russia and Ukraine, Bitcoin has shown considerable volatility over the past two months. The coin price resonates between $45000 and $33000, implying a range-bound rally in the short term. However, amid the bearish cloud hovering above the crypto market, a swiss city-Lugano makes Bitcoin, Tether, and LVGA token legal tender. source- Tradingview On March 1st, the Bitcoin(BTC) buyers failed their fourth attempt to overcome the $45000 in the last two months....
Recently, Gabe Newell, Co-Founder and President of video game company Valve Corporation, the developer of the software distribution platform Steam, explained why his firm had to stop accepting Bitcoin as a payment method on Steam. Steam is “a video game digital distribution service by Valve” that was “launched as a standalone software client in September...
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