Author: dfmines

submitted by /u/pierclen [link] [comments]

submitted by /u/olowo24 [link] [comments]

Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. Chainlink price outlines bearish strides LINK/USD pair key support spotted at $8.54 Pair resistance seen at $9.26 The LINK/USD pair price slips on a downtrend as seen overnight which has been predictable overall. More so, the market also suffers a loss of 4.80% as seen in the past 24 hours and currently faces key resistance at $9.26. For now, LINK price appears to be extremely bearish with key support seen at $8.54. Related Reading: Decentraland Momentum Pushes MANA Into Consolidation Phase’s Higher Rung LINK Price Sheds 1.83% The daily chart reveals that the LINK/USD pair has suffered a massive decline as seen in the past 24hours. The plunge of LINK has been consistent with its bearish stance. According to CoinMarketCap, LINK price has been down by 1.83% or trading at $8.51 as of this writing. It seems to have fallen from its support line of $8.54. The current trading volume is down by 24.51% or at $363,041,655 with the market cap at $4 billion. Apparently, LINK price has been circling the $8 mark as seen since Sunday. Judging by the daily price chart, the LINK/USD pair is seen to be immensely bearish for the past few hours with the MACD lingering in the bearish zone. RSI for LINK is spotted at 42.09 and is stepping into the oversold zone which signals that market could go down further. To date, the 50-day moving average is present at $10.48 while the 200-day moving average is hovering at $12.19 signaling that the market is having a marked decline. Chart from TradingView.com Chainlink MACD Line Hints At Further Retreat The 4-hour price analysis is showing a bearish flag pattern signaling that the market is deflating further. The LINK/USD pair is seen trading from $8.54 to $9.26, facing key resistance at $9.26 as seen in the past few hours. The MACD line hovers above the signal line which indicates that the market could plunge further. Current RSI is below the 50 range which signifies a bearish trend. More so, the 50-day and 200-day moving average are both falling flat and going under the current market price hinting that the market is suffering a massive downshift. Chainlink price is showing an overall bearish momentum in the short term but would most likely nosedive with the key resistance stick at $9.26. The market may expect some upward trend if the bulls can break past the key resistance level. Related Reading: SHIB On Fire – And A Bull Run Could Be Around The Corner – Here’s Why LINK total market cap at $3.8 billion on the daily chart | Source: TradingView.com Featured image from Medium, Chart from TradingView.com

Eos rose by as much as 20% on Wednesday, as bulls continued to react to the news of its upcoming Yield+ incentive program. Today’s price surge comes despite the global cryptocurrency market cap falling by almost 2% as of writing. Tezos was also higher, hitting a two-month high on hump day. EOS EOS was one […]

submitted by /u/jwinterm [link] [comments]

Hi fellow reddit user, Recently, i've been trying to understand and learn about crypto, and now I have some decent knowledge. Even so, I find the Ethereum merge extremely confusing, and here are my questions: ​ – Is BETH a testnet right now ? – Will the new ethereum blockchain work on ETH or BETH…
Read more

submitted by /u/Perfect_Ability_1190 [link] [comments]

The bottom “is not in” for either stocks or crypto, one analyst believes, as alarming data shows copycat moves from 2008 by the S&P 500.

submitted by /u/galapag0 [link] [comments]

Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion of the industry. Then came the float of several decentralized protocols, NFT projects, applications, exchanges, and other products that distinguish the space. As the crypto space makes more advancements through impressive innovative technologies, more people are trooping into the space. While the high volatility of the assets may be a disadvantage to many participants, not everyone is backing out because of it. The growth and attraction of the crypto space are getting more intense despite its bearish market. The extreme crypto winter in 2022 gave a devastating blow to many companies that some had to reduce their employees’ strength. But such incidents are not discouraging finance executives from plunging into a crypto career. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? A recent report indicates that 21Shares, a European crypto exchange-traded fund provider, is hiring new staff. The firm announced on Wednesday that its three primary recruitment is to support its expansion vision in different countries. It plans to establish offices in Germany, the United Arab Emirates, and France. 21Shares hired Marina Baudéan as its new head of France, Belgium, and Luxembourg. Baudéan had worked at Barclays, a British universal bank, for over 15 years. Her new position in 21shares marks her debut in the crypto career. While expressing her confidence in digital assets, Baudéan maintained that cryptocurrency gives a representation of the technology for the next generation. Furthermore, she mentioned that crypto assets will always survive despite market volatility and other factors. Baudéan reflected on the numerous technological advancements and transformations she witnessed in her career. Hence, she stated cryptocurrency at this stage has no connection with the digital trading pattern in the early times. Also, Oliver Schäfer is now the new head of Germany for 21Shares. Schäfer has a solid background in traditional finance, having gathered long-time experience working in several financial firms. Also, Schäfer had worked at JPMorgan, an American investment bank, for over 15 years. His last position at the bank was as the former executive director. Newly Hired Executive Highlights Long-Term Crypto Opportunity As The Focus Reacting to his new position at 21Shares, Schäfer said that crypto is more attractive with increasing growth in the space. So, he expressed his excitement in joining the crypto career while mentioning his focus is more on long-term opportunities. Schäfer disclosed that 2020 marked his first cryptocurrency investment. However, his interest is growing due to the increasing technology and developments in the industry. Additional, the former head of asset management of Al Mai Asset Management, Sheriff El-Haddad, is now with 12Shares. El-Haddad is currently working as head of the Middle East for 21Shares. Related Reading: XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo? The new hiring by 21Shares indicates that crypto jobs are still attractive despite its recently bearish trend. Similar recruitment moves were made by Binance and FTX crypto firms during the bearish market trend. Featured Image From Pixabay and chart from TradingView.com