Category: Cryptocurrency News

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NEO emerged as the largest gainer among the top 100 cryptocurrencies by market cap in the past 24 hours. At the time of writing, NEO has been trading at $10.75 while managing $106.2 million in volume, according to Coinmarketcap. The 59th largest crypto, with a market cap of $760.2 million, is also one of the top-performing coins in the past week, with more than 14% gains. NEO Experiences A Resurgence In 2023 Much like the rest of the crypto market, after the brutal 2022, NEO price surged in value in 2023 to nearly $15 towards the end of February, only to drop under $10 in the second week of March. Over the next month, the price of NEO went upwards before topping at just above $13.50. And last week, NEO went back to around $9 before it started gaining traction this week. While the exact reasons behind NEO’s current surge are not clear, it is worth considering the recent developments in the project. NEO has recently made a significant foray into the field of artificial intelligence (AI). As AI fever has gone mainstream and permeated the crypto industry, NEO’s integration of AI has sparked excitement and possibilities.  Related Reading: Kava (KAVA) Price Rallies 10% In 7 Days – Here’s Why This convergence of two rapidly evolving fields has the potential to introduce advancements in algorithmic trading, predictive models, forecasting tools, and enhanced security and fraud detection. However, it is worth noting that many crypto projects are leveraging the AI trend without substantial implementation or genuine value, which is a trend observed across various sectors due to the current hype surrounding AI technologies. In the case of NEO, the project recently announced the winners of its NeoChat ChatGPT launch competition. This investment in AI is likely one of the contributing factors to the recent spike in NEO’s price. While up 61% in 2023 so far, NEO is still down a whopping 95% from its all-time high (ATH) of almost $200 that was hit in Jan. 2018. NEO Price Analysis  The latest NEO price analysis shows the dominance of green candlesticks with slight resistance from the red ones. Yet, the latest chart shows bullish momentum, with the price approaching $10.88 for the second day today. The average of Bollinger bands is set at $10.07 at the time of writing. Related Reading: Shiba Inu Burn Rate Surges 1500% In 24 Hours, Yet Price Continues To Struggle In Red The short-term trend line and SMA 20 curve are upward, indicating a bullish uphold. The moving average indicator displays a value of $10.83, the highest value achieved in the past 24 hours. From the given NEO price analysis, the bulls are taking over the cryptocurrency with a steep rise in price. This rise may take the current price levels and reach a new high above the $10.90 resistance. The RSI score detected from the hourly chart is 71, which has crossed the overbought threshold set for the coin value. This affirms the upcoming rise in the price of the support level also continues to increase. The resistance level at $11.29 can be challenged if the buying momentum remains persistent. -Featured image from iStcok.com, charts from Coingecko and Tradingview

The chief inspector of the CSTCB warned that the metaverse is no safer than the traditional internet, saying that “all crimes in the cyberspace could also happen in the metaverse.”

At the time of writing, there are indications of a potential market recovery, at least the major coins like Bitcoin and Ethereum are posting decent gains. Aptos (APT) is one of the tokens that is expected to experience an increase in bullishness and price. Although APT’s gains are minuscule at 1.7% in the last 24 hours, the project’s partnerships and on-chain developments point to a somewhat rosy picture. APT price rose to $8.30 at the time of writing, contributing highly to this bullish momentum. Source: Coingecko Related Reading: Shiba Inu All Green Today – What’s The Energy Behind The Glow? Aptos Returns With Hack Holland  Crypto ecosystems use contests to support new projects that need funding. Aptos Hack returns with Hack Holland, an event to find the new wave of Web3 projects that will contribute to the industry’s growth. The Hack Holland hackathon, which takes place on June 5–7th, is set to engender the next wave of DeFi products and services on Aptos. The event will give away prizes in categories like NFTs, DeFi, public goods, and many more.  Ready to show off your skills and earn some serious rewards? 🏆💰 Aptos Hack Holland is your chance to hack game-changing Web3 ideas and win huge prizes. Step up to the challenge! Applications close May 29th ⤵️https://t.co/K6DGUNRUoi pic.twitter.com/BIpC7HDaP6 — Aptos (@Aptos_Network) May 27, 2023 More Projects In The Pipeline Along with the recent buzz Hack Holland produced is the upcoming second playtest of Metapixel’s Gran Saga: Unlimited. Metapixel is the Web3 arm of South Korean gaming company NPIXEL which entered the world of Web3 in November last year. If the playtest is successful, we may see more games built on the Aptos blockchain, further providing positivity in the long term.  Another exciting development is Quicknode’s announcement of its strategic partnership with Aptos in the realm of remote node infrastructure. This partnership is crucial for Aptos’ success as a robust blockchain infrastructure will ensure the dominance of the Aptos blockchain. Aptos joins the @QuickNode network to provide developers easy-to-use remote node infrastructure services – so devs can spend less time on node operations and more time on building and innovating. Learn more at https://t.co/fYorOhQFak. https://t.co/6gVy4dMaM5 — Aptos (@Aptos_Network) May 24, 2023 To onboard more developers on Aptos, Move launched a Developer Hub featuring tutorials and documents on how to get started building the Aptos blockchain using the Move developer language. This consolidation of resources should also have an effect on the amount of dApps the platform will have in the future.  APT total market currently at $1.6 billion on the weekend chart at TradingView.com Related Reading: Shiba Inu (SHIB) Price Slump Leaves Over 1 Million Wallets In The Red Zone At $8.30, Investors Have Room For Gains After reaching its all-time-high price back in January, APT has been in decline since then. However, this may change in the coming days or months. At the moment, the token is trading in a very tight range which contributes to the bullishness.  APT price performance. Source: Coingecko Meanwhile, investors and traders should defend the $7.5 support level if the market flips from bullish to bearish. Holding this support level will allow the bulls to target the $12 range in the medium to long term. If the momentum permits it, we might even see a return to $16 in the long run.  -Featured image from Asia Crypto Today

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There are certain times when the wrong type of coin is sent to an address and therefore the receiving wallet does not actually receive anything. How would Etherscan represent this transaction? Reason I am asking is bc I've gotten two different answers from Coinbase, first they said that I had to use the asset recovery…
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KAVA, the native token associated with the Kava platform, has experienced a whirlwind week regarding its price swing. The token, which began the week trading around $1.03, surged to $1.23 on May 23, driven by positive news within its ecosystem.  However, the bull momentum was short-lived, with the token recently experiencing a significant price correction. Nevertheless, at the time of writing, KAVA is up 10% and is one of the top gainers in the crypto market within this period.  What’s Behind The Recent Spike In Kava? However, it is important to analyze the factors behind this rally to assess its sustainability. Cryptocurrencies are known for their price volatility, and sudden reversals are not uncommon. In the case of KAVA, the token experienced a swift downturn following the initial surge, raising concerns about the solidity of the upward movement.  Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close This pattern is often observed when a rapid rise lacks strong fundamental support, leading to a correction as the market adjusts itself. In terms of recent developments, it was reported that the Digital Asset Exchange Association (DAXA) in South Korea removed investment warnings on KAVA and WAVES, the latter being another digital asset associated with the Waves platform.  The warnings had been issued due to concerns about stablecoins linked to these assets, which were found to be “not normally linked to 1 dollar”. However, after a thorough review, DAXA determined that the risks associated with KAVA and WAVES had been resolved, allowing South Korean exchanges to resume deposit services for these tokens. This news likely contributed to the positive sentiment surrounding KAVA and may have played a role in the recent price rally. In addition, the launch of the Kava 13 mainnet and the introduction of GameFi (Game Finance) and non-fungible tokens (NFTs) to the Kava ecosystem have also contributed to the positive momentum for the KAVA token. These developments have attracted attention and interest from users, investors, and traders, potentially driving the token’s price higher. What’s Next For KAVA? The price surge experienced by KAVA stands out as an outlier within the broader context of the cryptocurrency market. Considering the overall outlook, such gains may not be sustainable, and a subsequent correction could erase the entirety of the upward movement. Related Reading: Upcoming Interest Rate Hikes Could Be The Next Big Challenge For Bitcoin, Here’s Why If the current levels near $1.20 fail to provide sufficient support, KAVA/USD might retreat towards the support level at $1.10 or even lower. However, on the other hand, if there is an overall uptick in the market sentiment or if there is fresh, positive news specific to KAVA, it could potentially lead to renewed buying interest and push the price toward a retest of the recent highs. At press time, KAVA sells at $1.134 per token with a slight 0.9% 24-hour increase. -Featured image from Kava.io, charts from tradingview.com

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