Ethereum’s Fees are Back Down to Just $3.84 Per Transaction After Being as High as $34.18 Just Two Months Ago
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The price of Terra has been choppy in the past few days despite the broader market regaining back it’s strength slowly. In the last week, the coin plunged by almost 30%. Related Reading | Bitcoin Funding Rates Remain Negative For More Than A Week At press time, LUNA was priced at $50.72. Earlier yesterday, LUNA attempted to trade above the $52 price mark. The global cryptocurrency market cap was at $1.83 Trillion after an increase of 1.6% in the last 24 hours. Trading volume of Terra also depicted an appreciation by 75% at press time. This rise in trading volume could be tied to resurgence of buying strength in the market. Resistance mark for the coin was at $60.10. Terra’s sharp price sentiment could have been influenced by Wonderland Project’s Fiasco. LUNA’s prices started their southbound journey after it was discovered that Michael Partyn was responsible for looking after Wonderland’s treasury. LUNA’s prices stood at 69% lower than its All Time High. Terra’s local support level for the coin awaited at $43.60. LUNA has last traded around this level in the month of November. LUNA’s prices hadn’t fallen below the $50 price mark as the coin considered the aforementioned level as a robust support level. Buying strength in the market had also been in the bearish territory for almost a week or so. Looking at the technical indicators, it is difficult to say if LUNA will maintain a similar price action over the next trading sessions. Terra Price Analysis: Four Hour Chart Terra was in the opposite price direction of its own market trend of the past week. After trading in a descending channel, Terra managed to break on the upside. The chart also started to display recovery as soon as that happened. Support level as mentioned above was at $43.60, a mark the coin last traded near in the month of November. Two resistance levels for Terra were at $60.10 and at $68.15. The Relative Strength Index is responsible for depicting buying strength and pressure in the market. For the past week, RSI remained below the zero-line indicating a period of continued sell-off. The indicator also dipped below the 25-mark displaying oversold tendencies of the market. At the rime of writing however, as Terra zoomed up it’s chart RSI moved up in anticipation of recovery in buying strength, however, a minor downtick was also seen on the indicator at the press time. On Balance Volume depicted a rise, signifying that inflow volume has also started to pick up. In return, this reading hinted at a positive price action. Awesome Oscillator depicted the market strength. Although the indicator was giving off green signal bars as prices showed recovery, the green signal bars were seen under the half-life. Related Reading | LUNA Drops 20% As Investors Panic, What Is The Link With Anchor And UST? In case green signal bars remain underneath the half-line it is too quick to say if prices would tun bullish. Relative Strength Index already indicated towards a possibility of buying pressure falling as demonstrated by the tiny downtick.
Hey guys, I'm trying to setup multiple ETH full nodes within my network (via different machines and VM's) for various testing purposes, but would prefer not to sync databases a bunch of times if possible. Is it possible to link multiple VM and/or network PC instances of the full Ethereum nodes and have them share…
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I had a post last day advising people to be either a trader or an investor and god did it get some crazy reactions! Half of you said we are both. Another half were pissed (don't tell us what to do!). Out of five hundred comments and more , only a handful understood what I…
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Julian Lennon auctions off The Beatles memorabilia as NFTs, Italian brands Gucci and Lamborghini develop NFT collections with both digital and physical elements, and Atari develops giftable NFTs for its 50th anniversary.
Honestly, I wonder who could have seen it coming. People are spending thousands of dollars on Monkey jpegs, and get rewarded for this moronic behavior with better return rates than almost any other asset can provide. Maybe it's a sign that instead of investing in utility and smart concepts, people should just invest in stupidity…
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Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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Yo, guys, I have a question. From what I understand ETH price is driven by gas fees and how much all the smart contracts and eth transactions require gas. But if in the future some feature gets introduced that lowers gas fees will then ETH price drop as well since you dont need as much…
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Yes this is a litecoin shill post. Before you all comment your usual anti litecoin comments please let us have one shill a year that is not the same recycled shills on this subreddit! Comon, litecoin only ever does something once in a blue moon! The reason most people don't make money on crypto is…
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