There are concerns regarding the tokenomics proposals of the revamped ATOM project. Whilst the proposed changes seek to redress value capture problems to the ATOM token there are questions around whether the proposals will be of ultimate benefit to stakers of ATOM. "It has eventually become clarified that the $ATOM generated inflation after the 36…
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TLDR: Rabobank noticed that I did sell some crypto currency. And now the Rabobank asks me to provide in-depth detail of my current crypto portfolio. Got some questions below, any advice is appreciated. First some background info, to paint the picture; A couple of months ago I had some refurbishment done in my house. The…
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Bitcoin futures open interest is almost higher than ever, but its composition is completely different from last year, analysis reveals.
“We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016,” said Norway’s finance minister.
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The website New Liberty Standard was the first website to offer Bitcoin purchases. You were able to buy and sell Bitcoin through Paypal. The person who created the "exchange" basically priced Bitcoin at the average cost to mine Bitcoin. https://preview.redd.it/5d5tutmfy6s91.png?width=397&format=png&auto=webp&s=7ef6afc8c4ee01f81e25b19620b48e8c770fc33f This got me to thinking about the first time I heard of Bitcoin. I…
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ENS price continues its bullish structure after a reclaim of the $15 region as the price stays on track to retest major resistance. ENS trades above key support as price reclaim 8 and 20-day EMA. The price of ENS aims to continue its rally as the price shows bullish strength after breaking out of the descending triangle. Ethereum Name Service (ENS) has looked more decent in price action against tether (USDT) after breaking out of a descending triangle to set up a more bullish sentiment. The price of Ethereum Name Service looks set to breach the $20 mark. Ethereum Name Service (ENS) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with BNB price looking more stable for a retest of key resistance at $20. (Data from Binance) Related Reading: Polkadot Seeing Lots Of Development Activity – But Why Is DOT Stuck In The Cellar? Ethereum Name Service (ENS) Price Analysis On The Weekly Chart. Despite struggling to break above $17 in recent weeks, with the price rejecting its weekly support, the ENS price has managed to hold its key support at $14; with so much uncertainty in the market about where it is headed, the price of ENS showed great strength in that region. Despite the current bear market that has made trading even more difficult, the price of ENS continues to show strong signs of recovery and has surpassed its monthly return on investment (ROI) for major cryptocurrencies. After retesting a weekly low of $12.5, the price of ENS has recently rallied to around $15 but has been rejected in an attempt to break higher in order for the price to trend. For a while, the price of ENS remained range-bound as it attempted to break the $15 mark. The price of ENS broke above $17, but it needs to form support above this level for the price of ENS to rally to the $20 region, where it will face its first major test. If the price of ENS fails to hold above $17, we may see it retest the $15 region, which serves as a good support zone for the price. Weekly resistance for the price of ENS – $20. Weekly support for the price of ENS – $15. Price Analysis Of ENS On The Daily (1D) Chart On the daily timeframe, the price of ENS continues to look strong as the price aims to rally to a high of $20 after a successful breakout from a descending triangle creating a more bullish scenario for traders to place more buy orders. The price of ENS currently trades at $17.4 above the 8 and 20-day Exponential Moving Average (EMA). The prices of $16.2 and $15.3 correspond to the prices at 8 and 20-day EMA for BNB on the daily timeframe. Daily resistance for the ENS price – $20. Daily support for the ENS price – $15. Onchain Analysis Of ENS The price of ENS, despite still down from an all-time high of $83, the on-chain analysis shows a more decent outlook for the past three months despite the market sentiment still being bearish. ENS produced a reasonable three-month return on investment (ROI) of 80%. Related Reading: SAND Has Just Been Added On Binance US – Will It Hit $1 In The Coming Days? Featured Image From Zipmex, Charts From Tradingview and Messari
The latest quarterly report from DappRadar highlights a period of consolidation across the cryptocurrency ecosystem following a turbulent Q2.
