There seems to be a lot of confusion on the free avatars most of reddit received and the paid ones. The free ones got everyone excited because well they are FREE! The paid ones were made by various artists and were sold in different batches. The paid avatar NFTs are now sold out! That is…
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LUNA Classic (LUNC) is still going strong despite losing more than 99.99% of its value during the market crash. It now also boasts one of the strongest and most active crypto communities on social media, which have now taken their combined power towards getting the coin listed on large exchanges. This time around, the community has turned its attention to Coinbase. Calls To List On Coinbase The calls from the LUNC community to list the digital asset on Coinbase have been intensifying in the last week. It goes along with the calls for another trading platform, Robinhood, to list the token. If this approach sounds familiar, it is because this was the same thing done by the Shiba Inu community to get the meme coin listed on large exchanges. Related Reading: Ethereum OI Hits $7.7 Billion, Why A Rally Might Be In The Works Following in the same footsteps of the SHIB community, LUNC community members have created a petition for the crypto exchange to list the token. As of the time of this writing, the petition already has a little under 3,000 signatures. Calls for Coinbase to list LUNC have also dominated the digital asset’s social media mentions during this time. The cryptocurrency has previously gotten massive support from the largest crypto exchange in the world, Binance, which has committed to burning all fees realized from LUNC trading every Monday. Last week. Binance burned $1.8 million worth of tokens. LUNC price retraces to $0.0003 | Source: LUNCUSD on TradingView.com The call for Coinbase to list the digital asset is to help its value which has struggled since the crash. Such a listing has been known to propel the prices of digital assets upward due to the amount of demand it drives. Will LUNC Reach $1? As mentioned above, the LUNC community is hoping to bolster the price of the digital asset with a listing on the crypto exchange, presumably towards the “LUNC to $1” goal that is echoed throughout the community. However, it is improbable that the price of LUNC will reach this point. The answer to whether the price of the digital asset will ever touch $1 lies in its total supply. With the collapse of the Terra Classic network, trillions of new tokens had been brought into circulation. At the time of this writing, the total supply of LUNC sits at 6.15 trillion. If the price were to reach $1, this would mean that the market cap of LUNC would cross 6 trillion, quite unrealistic given that the total crypto market cap all-time high sits at $3 trillion. Related Reading: Binance Hacker Put Millions Of New BNB In Circulation, What Does This Mean For Price? For the $1 mark to be feasible, the supply would have to be drastically reduced. Currently, in addition to the Binance burn, there is a 1.2 tax burn imposed on all transactions, but even this will not be enough to reduce the LUNC supply by at least 70% reduction that would make it possible for the digital asset to reach $1. Realistically, it is more likely that the digital asset will knock off another zero if the burns continue to ramp up and the cryptocurrency gets a major exchange listing. But a $1 price mark at a 6 trillion circulating supply is out of the question. Featured image from Finbold, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Reddit NFT Avatar transfers are now appearing live on Android! shoutout to /u/sulestrange for the find, you can search their profile history if you want to see the picture or the link directly (because cc doesn't allow image posts or any mention of the sub the link is posted in here) It looks like exciting…
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The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term.
submitted by /u/merunas [link] [comments]
(No, I do not get paid by any competitors, this is not an AD, do your own research) Not only is Crypto.com firing 40% of their workforce, their free Visa Credit Card got cut back so extremely, that competitors run laps around it As I have been looking for a good Debit Card (EU standards)…
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ATOM price struggles on high timeframes to trend higher despite showing bullish sentiment in recent times. ATOM trades below uptrend support as the price looks bearish with the current market state. The price of ATOM eyes key support as price trades below 50 and 200-day EMA. The price of Cosmos (ATOM) struggles to discover its bullish trend as the price breaks below uptrend support against tether (USDT). The previous weeks saw the crypto market cap looking good as prices of Bitcoin (BTC) and other crypto assets, including Cosmos (ATOM), showed so much strength as price rallied from a low of $6 to a high of $17. (Data from Binance) Related Reading: Bitcoin Volatility Index Suggests Large Price Move Arriving Soon Cosmos (ATOM) Price Analysis On The Weekly Chart. Despite showing some great price movement in recent weeks with so many traders and investors becoming interested in the different projects being built on the Cosmos ecosystem, this, in a way, is a huge catalyst for such price movement. After the price of ATOM dropped to a weekly low of $6, the price rallied from this low to a high of $17, where the price faced resistance to breaking above this region to a height of $20. The price of ATOM faced a rejection to a low of $12.5, where the price bounced and rallied to a high of $13.5 but could not move higher as the price continued to range. ATOM’s next weekly support is at $12.1, with the price eyeing a retest of that region; if ATOM fails to hold this region, we could see the price going lower as there is no strong weekly support close to this region. Weekly resistance for the price of ATOM – $17. Weekly support for the price of ATOM – $12.1. Price Analysis Of ATOM On The Daily (1D) Chart In the daily timeframe, the price of ATOM continues to trade below key resistance formed by the uptrend line as the price broke below this trendline, helping ATOM to maintain its bullish structure for the past days it had trended. The price of ATOM has shown strength, as the price has held on not going below key support, as this could lead to more sell orders for ATOM holders. Daily resistance for the ATOM price – $13.8. Daily support for the ATOM price – $12.1-$10.4. Onchain Analysis Of ATOM The ATOM price from the on-chain analysis looks more decent despite a fall of over 70%. ATOM produced a reasonable return on investment (ROI) of 64% over the past three months compared to other crypto assets that have struggled for the past months. Related Reading: XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance? Featured Image From zipmex, Charts From Tradingview and Messari
It has recently come to our attention that Reddit has now allowed users to transfer our Reddit NFT Avatars from one vault to another. Previously, we had to use 3rd party marketplaces like Opensea to carry out this task which involved a lot of steps which weren't beginner friendly. But now, with the feature of…
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In regards to the eth classic and eth fork. I am questioning how it's feasible to fork a token and keep its same value, given market cap. What I understand is when eth forked. It created a new token an air dropped them into wallets and claim both tokens hold the originals value. Consider the…
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Despite being down 2.74% as of writing, Cosmos (ATOM) still leads gains among top coins in the past week. The internet of blockchains has had its fair share of roses and thorns during the week. However, data from CoinMarketCap shows that ATOM has enjoyed several peaks and is still trading in the green. The blockchain has also experienced high trading volume within the past 24 hours, up 14.93%. It has also held its end against top coins like Wrapped Bitcoin, Cronos, and Ethereum Classic, considering the 7-Day trading activity. Related Reading: XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance? Lower Timeframe Structure Remains Bullish Despite ATOM Stall The ATOM price has produced a sequence of higher lows during the last week. Crucially, it established a short-term uptrend by breaking above the prior lower highs at $12.54 and $12.84. Higher time frame charts saw this as more of a bounce. Plus, it was met with strong resistance around the $13.4 level. As the price approaches the white ascending trendline, it may find some support there. A session closing below $13 would once again render the lower-timeframe structure bearish. This may cause prices to fall back to the $12.35-$12.4 support area. However, if ATOM can break out over $13.4, it might signal a significant upward trend. Such a rise can potentially drive ATOM over the $14.8 resistance zone that has been in place since late September. As of this writing, the RSI reading was 46. Even though it has dropped below the neutral 50 levels, there is no sign of bearish momentum. The OBV was flat as well. This indicated that neither the purchasers nor the vendors were in a position of power. It also suggested that a bullish breakthrough was less likely to occur. ATOM Records Higher Total Staked Value, Thanks to DeFi The DeFi sector on Cosmos has been booming in recent weeks. After publishing the “Cosmos Hub Roadmap 2.0,” Cosmos received great interest from investors. In addition, the native token ATOM saw growth in terms of total value locked (TVL), development engagement, and the number of holders in the third quarter of 2022. According to a tweet recently posted by the Cosmos Daily, the DeFi industry is one of the fastest-growing parts of the Cosmos ecosystem. The TVL of popular protocols like the Kava Network skyrocketed in the previous month to 291.2 million. Osmosis zone and THORChain, two other protocols, garnered $209 million and $105.85 million, respectively. Related Reading: Bitcoin Volatility Index Suggests Large Price Move Arriving Soon Still, on on-chain analytics, there was a steady increase in the number of cryptocurrency investors who held ATOM throughout the year. Despite this, there was no significant increase in the number of transactions or the volume. We also saw top DeFi platforms like dYdX move from Ethereum to Cosmos within the past week. One could say that many investors are in for the long ride, especially given dYdX’s big move and the blockchain’s plans outlined in its updated roadmap. Featured image from Pixabay and chart from TradingView.com
