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Ukrainians Buying Tether (USDT) at 5% Premium as Central Bank Shut Doors on Local Currency

The war-ridden country of Ukraine has seen its citizens moving to crypto as Ukraine’s central bank has started putting restrictions on all digital cash transactions. As a result, users have been buying blockchain-based stablecoins in big numbers. As per the latest report, Tether’s USDT stablecoin is currently trading at a 5% premium on Ukraine’s popular crypto exchange Kuna. Amid the current war situation, Ukraine’s central bank has banned the issuance of foreign currency at retail bank branches. They have also...

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As mainstream players enter the game, is Bitcoin’s halvening cycle changing

Bitcoin’s price action has been very choppy of late, and it’s time to consider whether traders can depend on the tried-and-tested template anymore. To be specific – the Bitcoin halvening cycle.

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Bitcoin’s halvening cycles are key for investors to predict the long-term movements of the king coin. However, more and more analysts are coming to feel that the cycle is evolving – or changing entirely. Crypto Quant analyst Big Papi wrote that they felt traders were gaining technical experience...

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Cardano holders to witness a recovery toward $1? The chances are…

Since striking its ATH on 2 September, Cardano (ADA) initiated its downtrend and practically swayed below its 20-50 EMA. The decline proved to be rather menacing for the bulls as they failed to defend the $1-mark. A close above the $0.9-mark would position ADA for a possible retest of its Point of Control (POC). Post which, it could face a pullback from near the $1.1-zone and traverse back into its long-term trend. The seventh-largest crypto most likely positioned itself to...

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XRP Price Prediction: Flag Pattern Hints A 10% Fall; Is It A Good Long Entry?

The XRP price recovery rally takes a short pause, resulting in the formation of a flag pattern. The retracement tumbled altcoin by 35%, reaching the February 24th low($30). The XRP price resonating in the falling channel is expected to recover once the buyers breach the overhead resistance. 

Key technical points: 

The daily-RSI slope is poised to enter the negative territory.  The 50-day EMA flipped to a potential resistance The intraday trading volume in the XRP is $3.12 Billion, indicating a 22.08% hike. Source- XRP/USD chart...

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Shiba Inu: A ‘millionaire’s’ bet against long-term uncertainty?

The greatest war is the war of perception. And, Shiba Inu seems to have won it, at least for the moment. Notably, SHIB has appreciated 1000x over the last year. However, the meme token hasn’t seen a lot of smooth sailing, especially of late. After the Ukraine-Russia conflict broke out, SHIB tumbled down the charts. Even so, it’s intriguing to note that SHIB’s move south looked less affected when compared to the general market. Now, Shiberse could be one of the...

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Bitcoin Price Analysis: BTC Perpetual Swaps Reach 3-Month High; Can BTC Break $45,000?

The largest cryptocurrency has been quite volatile over the past two months amidst the geopolitical issue of the Russia-Ukraine war. The correction rally marked the current lower low at $33000 on January 24th. The buyer’s recovery attempts drive the coin price by 35%; however, the $45000 stands as a formidable barrier for them.

Technical indicators

The down-sloping crucial EMAs(20, 50, 100, and 200) along with a bearish sequence indicate bear dominance. Moreover, the sellers have recently reclaimed the 20-day EMA, which...

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Opinion: Snoop Dogg Will Inspire Artists to Enter the Metaverse

Key Takeaways

Snoop Dogg has become a key figure in the NFT and Metaverse space over the last year. He just released a set of NFTs for his new album and has already made $50 million from the drop. He also said that he wants to turn Death Row into the first major Metaverse label. Many artists will likely follow a similar path to Snoop Dogg, and his journey should inspire others.

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