Category: Cryptocurrency News

SUSHI is having a hard time gaining some ground as the market declines again. Today, SUSHI has lost more than 5% of its value, following the trend of other major cryptocurrencies such as Bitcoin and Ethereum. Here’s a quick glance at how SUSHI is performing: Optimism manifested itself as an acceleration in development activity and an increase in whale demand for SUSHI Technicals and metrics imply significant bearishness SUSHI could wrap up 2022 in a bumpy ride Related Reading: How Litecoin (LTC) Outperforms Other Top Cryptocurrencies In This Department The token’s dismal showing is in contrast to some positive trends, such as rising developer engagement (as reported by Santiment) and rising whale interest (as reported by WhaleStats). Metrics and technicals, however, suggest that SUSHI may close out the year with negative numbers. JUST IN: $SUSHI @sushiswap now on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs 🐳 We’ve also got $MOH, $QRDO, $QWLA, $aDAI & $BOBA on the list 👀 Whale leaderboard: https://t.co/N5qqsCAH8j#SUSHI #whalestats #babywhale #BBW pic.twitter.com/TWNaSe2p5T — WhaleStats (tracking crypto whales) (@WhaleStats) December 10, 2022 SUSHI Technicals Not Looking Great The coin has found support at $1.013 and is presently trading at $1.119. The price is at a red candle, supporting a further drop in the near future. Money Flow Index verifies the decline that has started despite RSI readings near neutral levels. This pessimism is bolstered by the gloomy data from CryptoQuant. Exchange reserve data have grown over the past few days, despite increased development activity and whale interest being incredibly favorable indicators. The oversold level of SUSHI’s stochastic relative strength index (RSI) may serve as a catalyst for a pullback, notwithstanding the stock’s bearish sentiment. The Bollinger band is in a position that is close to neutral, but its moving average acts as resistance at $1.263. However, the present price action is persistently pushing the bottom half of the range, which could result in a negative outcome for the token. Drastic Measures Required? Currently, the price is attempting to settle near $1.114, which could indicate that bulls and bears will remain in a prolonged deadlock. CMF data for SUSHI may suggest a turnaround. Messari’s revealing of a major decline in SUSHI’s volatility could help investors and traders gain some momentume. Sharpe’s ratio indicates that the token’s performance indicates very low returns relative to its volatility. The current state of the crypto may be the result of recent reports that the DEX’s finances are not in good shape, and its CEO Jared Grey is considering severe measures to remedy the situation. With DeFiLlama observing repeated reductions in TVL for SUSHI, investors and dealers of the token may have a colder winter this year. Related Reading: Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price SUSHI total market cap at $141 million on the daily chart | Featured image: Mahmoud Fawzy – Unsplash, Chart: TradingView.com

​ https://preview.redd.it/ty4jkdgr2f5a1.png?width=1400&format=png&auto=webp&s=6293ee2dfced474048fe1b647898160114ce4bde Moderator: ​ Lucas, Senior Research Manager at Huobi Incubator Jenny, Senior Operations Manager at Huobi Incubator Speakers: Kristof Gazso, Co-Author of ERC-4337, PM at Nethermind Praneeth Srikanti, Investment Partner at Ethereal Ventures The details about the discussion here: https://medium.com/@HuobiIncubator/spotlight-of-web-3-0-recap-account-abstraction-and-what-follows-with-erc-4337-co-author-56adb398f0aa submitted by /u/thanhphank34 [link] [comments]

USDD the stablecoin by Tron Dao reserve has just recently fallen below the 3% threshold that most have used as the defacto standard for that coin to be considered "depegged" (despite never truly repegging from an initial depegging on October 18th) https://coinmarketcap.com/currencies/usdd/ Per coinmarketcap – USDD is a cryptocurrency issued by the TRON DAO Reserve…
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Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.

Republican Senator Tom Emmer has long been a critic of Gary Gensler and the U.S. Securities Exchange Commission’s cryptocurrency oversight strategy.

Wallet address is good, confirmed it was sent via Etherium network. When I check the block explorer it shows that it was sent as an Internal Txns, what does that mean and how do I view it in MetaMask? Any help is appreciated! submitted by /u/Dorkin_Aint_Easy [link] [comments]

Dogecoin reacted to the downside from the $0.1120 resistance against the US Dollar. DOGE must stay above the $0.080 support to start a fresh increase. DOGE started a fresh decline from the $0.1120 resistance against the US dollar. The price is trading below the $0.0950 zone and the 100 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.102 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair must stay above the $0.0800 support zone to start a fresh increase. Dogecoin Price Takes A Hit In the past few days, dogecoin saw a major decline from the $0.1120 resistance zone. DOGE reacted to the downside below the $0.1050 and $0.1000 support levels. During the decline, there was a break below a key bullish trend line with support near $0.102 on the 4-hours chart of the DOGE/USD pair. The pair even declined below the 50% Fib retracement level of the upward move from the $0.0713 swing low to $0.1117 high. The price is now trading below the $0.0950 zone and the 100 simple moving average (4-hours). It is also showing a few bearish signs below $0.0900, similar bitcoin and ethereum. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.1000 level and the 100 simple moving average (4-hours). Any more gains above the $0.1000 zone could start a decent increase towards the $0.1080 zone. Source: DOGEUSD on TradingView.com The main hurdle seems to be forming near the $0.1120 zone. A clear move above the $0.1120 resistance could open the gates for a rally towards the $0.120 level. More Losses in DOGE? If DOGE price fails to gain pace above the $0.0915 level, it could continue to move down. An initial support on the downside is near the $0.0865 level. The next major support is near the $0.080 level. It is near the 76.4% Fib retracement level of the upward move from the $0.0713 swing low to $0.1117 high. If there is a downside break below the $0.0800 support, the price could decline further. In the stated case, the price might decline towards the $0.0720 level. Technical Indicators 4-Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now in the oversold zone. Major Support Levels – $0.0865, $0.0800 and $0.0720. Major Resistance Levels – $0.0915, $0.1000 and $0.1120.

The number of celebrities, brands and artists that hopped on the NFT bandwagon was bound to cause supply and demand issues, said the Vee Friends creator.

submitted by /u/Electrical_Potato_21 [link] [comments]