Author: dfmines

The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7.  Related Reading: Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range. The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance) Price Analysis Of FTM On The Weekly Chart From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4. The price has built more momentum as it faces resistance at $0.4. If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit  $0.7. Weekly resistance for the price of FTM – $0.4. Weekly support for the price of FTM – $0.2. Price Analysis Of FTM On The Daily (1D) Chart The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart. FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range. At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside. FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7. The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM. The volume for FTM indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for FTM price – $0.4. Daily (1D) support for FTM price – $0.33, $0.3. Price Analysis OF FTM On The Four-Hourly (4H) Chart The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel. FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4. If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices. Four-Hourly (4H) resistance for FTM price – $0.4. Four-Hourly (4h) support for FTM price – $0.372, $0.33. Related Reading: Polygon Maintains Solid Footing As MATIC Balloons By 300% Since June Featured image from zipmex, Charts from TradingView.com 

Ethereum is moving higher over today’s trading session and seems to be targeting previous levels about the $2,000 mark. The cryptocurrency soars as “The Merge” becomes imminent and backs the bullish sentiment across the market. Related Reading: Is The Bitcoin Surge Due To An External Reason? What The Data Suggests At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24 hours and a 17% profit over the past week. Ethereum is the best performing asset in the crypto top 10 by market cap recording bigger gains than Solana (14%), Polkadot (16%), and Bitcoin (7%). The bullish momentum for Ethereum seems poised to extend. In a recent ETH core developers calls, “The Merge” mainnet release was tentatively scheduled for September 15 to 16 at epoch 144896. This announcement comes at the heels of a successful implementation of “The Merge” on another main Ethereum testnet, Goerli. Called the final “dress rehearsal” for this major upcoming event that will combine Ethereum’s execution layer with its consensus layer. In other words, Ethereum will finally complete its transition from a Proof-of-Work consensus to a Proof-of-Stake. This process will provide the blockchain will better performance, much lower transaction fees, scalability, and less energy consumption. The potential for “The Merge” to attract new users and capital into the Ethereum ecosystem is one of the reasons why it’s perceived as bullish by the market. Data from Material Indicators (MI) indicates that almost every investor class has been buying into ETH’s price current price action. This buying pressure is trending upwards and appears to be picking up momentum, over the past 12 hours as news about the tentative date for the mainnet release broke. Further data from Material Indicators records important ask liquidity above ETH’s price current levels. There are over $40 million in selling orders stack from $1,920 to $2,000. These orders will operate as critical resistance. What “The Merge” Could Spell For The Price Of Ethereum If Ethereum is able to break above those levels, the orderbook record almost no resistance to the upside. Thus, ETH’s price could reclaim previously lost territory and extend its climb. However, MI records low buying pressure for ETH’s price on higher timeframes from large investors. Over the past two months, retail investors appear to be jumping into Ethereum’s price action. Additional data provided by Jarvis Labs coincides that retail investors having been accumulating ETH. Larger investors need to begin accumulating to provide ETH’s price with an extended trend. Jarvis Labs believes that this sustainable bullish price action might only be triggered if Bitcoin picks up momentum and follows the bullish trend. The price of the number one cryptocurrency has also been supported mainly by retail, but the research “would like to see a Q4 2020 repeat”. Related Reading: Polygon Maintains Solid Footing As MATIC Balloons By 300% Since June At that time, retail was buying BTC and ETH and in Q4, whales took over and prices were able to reach new highs.

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The Merge has successfully been implemented into Ethereum’s third and final testnet, Goerli, after previously adding Merge support to the testnets Sepolia and Ropsten. The Merge was added to Goerli at approximately 9:45 p.m. (EST) on Wednesday, transitioning to a full proof-of-stake (PoS) network. Goerli’s Merge Transition Is Complete, Vitalik’s Father Dmitry Buterin Says Ethereum […]

The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access.

Blocknative, the real-time web3 infrastructure company, today released Transaction Distribution Network (TDN). This tool allows blockchain users to respond to pre-chain risks and opportunities faster than ever, ensuring each transaction has the best chance of getting into the next block. The result is better, more predictable outcomes when submitting or replacing transactions. TDN works by…
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This distribution of Moons has been finalized, and Moons are being delivered to users with a registered Vault. Users who do not have a Vault yet will get their Moons when they create one through the Reddit app. This distribution is based on karma earned from 2022-07-06 to 2022-08-02. Here is the finalized list, with…
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Metaverse users can reinvent themselves with a digital identity built upon avatars and digital assets, but there are challenges to consider.