Category: Cryptocurrency News

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Are you tired of losing your crypto founder? Has the founder of your preferred crypto gone on the run? Is the Founder of your biggest investment hiding? Have your funds been locked up? Fear no more friends because with the newly developed app "Founder Finder" your crypto founder is always just a click away. ​…
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The XRP price has depreciated considerably over the last 24 hours. The price of the altcoin continues to totter near the $0.47 price mark. The bears seem to be back on the charts for XRP. Over the last 24 hours, the XRP price fell by 4.12%. On the other hand, the coin has rallied by over 30% in the past week. The technical indicators of the altcoin also started to paint bearish price action on the one-day chart. The bulls have lost steam in the past week owing to an increase in selling strength in the market. The indicators have yet to move into the excess selling zone, but the major technical outlook indicated that the buyers were leaving the market. This could be termed a price pullback for XRP after the positive investor interest over the last week that caused the rally. The global cryptocurrency market cap today is $971 billion, with a 0.8% negative change in the last 24 hours. XRP Price Action: One Day Chart The altcoin had secured a rally in the last week when it surged to touch the $0.54 mark. The XRP price was trading within an ascending trendline from which it broke away due to a decline in buying strength. The resistance mark for the coin stood at $0.48, a move above which XRP could falter near the $0.51 price level. The support zone for the coin rested at $0.42. A fall from the aforementioned support line will drag XRP to $0.38. The amount of XRP traded in the last session was in red, signifying that buying strength fell slightly on the chart. Technical Analysis With buying strength increasing significantly as XRP rallied, the coin was overbought in the past week. Usually, when the coin is overvalued, a price pullback is anticipated. On the one-day chart, XRP fell from its overvalued zone. The Relative Strength Index was falling near the 60-mark, which meant that the coin was meeting with an increase in selling pressure. The XRP price was still above the 20-SMA line, signalling that demand was still present in the market and that buyers were also driving the price momentum. If buyers hold onto the price momentum, then XRP can attempt to break past its immediate resistance mark. Related Reading: Ethereum Price Broke Out Of Descending Channel, What’s Next? Buyers have not completely faded out of the market because the XRP price displayed a buy signal on the 24-hour chart. The Moving Average Convergence Divergence tells us the price momentum and overall direction of the altcoin. MACD continued to show green signal bars, which were tied to the buy signal for XRP. Despite the presence of the green signal bars, they were declining in size, meaning that bullish momentum was fading at the time of writing. The Chaikin Money Flow shows the amount of capital inflows and capital outflows at a given time. CMF was also positive as the indicator was above the half-line, indicating more capital inflows compared to outflows. Related Reading: Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit Featured image from Mint, chart from TradingView.com

This is a truely controversial opinion, one which I expect to get many downvotes for. Note I am focusing on the period of 2020-2022, I know that you would be well ahead of inflation if you invested in bitcoin in 2010! However crypto, especially in 2020-2021, was being marketed as the 'hedge against inflation' on…
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submitted by /u/markpaul00 [link] [comments]

Welcome to the Daily General Discussion thread. 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,…
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Major crypto assets are not showing any significant upside in price. As such, it is hard to keep track of the top gainers in the crypto market. Still, a coin has shown impressive price action over major crypto assets. The past week has been interesting for Quant ($QNT) despite the cryptocurrency market’s fall in price. $QNT is one of the few tokens to increase despite top coins bleeding. Considering this chart, the overall price movement for QNT looks exceptionally bullish. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? This article provides technical insights into Quant token price. Also, it gives a brief overview of Quant token, which could be of great value to potential crypto enthusiasts and investors. Take a look.  Technical Analysis of Quant price   The weekly chart shows the bullish movement of Quant. The price has broken out from a descending resistance line that had been in place since September. Furthermore, the breakout occurred after the price bounced at the long-term $40 horizontal support area.  Currently, the price is gearing up for an attempt at breaking out. So far, QNT has reached a high of $119, only slightly below the $150 horizontal resistance area. Since the weekly RSI has already broken out, the price will likely reclaim the $150 area. The daily chart also provides a bullish outlook. The token has been following an ascending support line since June 13. It made a recent bounce on the support line on September 6. Afterward, the price reclaimed the $110 horizontal resistance area and is approaching the next resistance at $130. About Quant Quant launched its token, QNT, in 2018. The token started trading at about 27 cents; by 2021, it reached nearly $12. It hit a high of $428 in September 2021 but fell to below $100 by February 2022. At launch, Quat burned 9.5 million due to low ICO sales bringing its total supply to 14.6 million by April 2019. The supply is fixed, although the circulating supply may decrease when tokens are locked into Quant’s services. Related Reading: Bitcoin Active Addresses Stay Low, A Hint That Demand Isn’t There Yet The Quant Network lets blockchain developers launch their multi-DLT dapps (mDApps) on several blockchains at once. This interoperability prevents the risk that a developer will devote time and money to building on a blockchain that fades from popularity in a few years.  Featured image from Pixabay and chart from TradingView.com

Feel free to change my mind but I think the last months Bitcoin support is a great signal. Remember months ago when Bitcoin capitulation happened and whales got liquidated / cashed out? Since then we had a confirmed recession. Bear market rally – yet declined again when reality kicked in and inflation is still out…
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Early hours of Monday, September 26, Interpol issued a Red Notice against the founder of Luna Classic, DO Kwon. This issuance resulted from Do Kwon losing more than $60 billion in investors’ wealth.  The prosecutors in South Korea explained that Kwon is facing charges for the erosion of investors’ money. In addition to his charges, Do Kwon stands accused of violating the ‘Capital Markets Law,’ with multiple breaches cited.  Related Reading: Bitcoin Shows Resilience In Dollar-Driven Bloodbath | BTCUSD September 26, 2022 This issue has created conversations in the crypto market regarding the future of Terra firm and the algorithmic stablecoins. This article details events surrounding Do Kwon and how he made it into Interpol’s most wanted List.  Earlier Developments Leading To Kwon’s Red Notice  Earlier this year, the Terra ecosystem collapsed, unheard of in an evolving Defi space. The crash hurt the crypto market, with other financial markets feeling its effects. Crypto Analysts believe that investors lost over $45 billion in wealth.  After the crash, he relocated Terra Headquarters from South Korea to Singapore due to being under investigation for tax evasion charges in South Korea. In an interview, the Terra founder said he would cooperate with investigative agencies in the Terra crash and has nothing to hide. Further, Do Kwon acclaimed that he is a man with an “extremely high bar of integrity.” However, South Korean prosecutors explicitly refute Do Kwon’s statement claiming he was not cooperating and was obviously on the run. As a result, Interpol has issued a Red Notice on the Terra founder in over 196 countries. Terra Classic Price Crash And Reversal Following the news of Interpol’s Red Notice on Do Kwon, the downtrend price of Terra Classic continued. Taking effect of the notice, the $LUNC price declined by nearly 20% immediately after the news, leaving investors disturbed.  The crash of the Terra Classic token has also led to the collapse of a high-profile crypto hedge fund called Three Arrows Capital. This issue has also impacted several crypto lenders offering LUNC in the market.  But unexpectedly, the $LUNC has reversed in price action as there is an uptrend in the price. Per coinmarketcap.com, LUNC has gained over 50% in the last 24 hours and currently trades at $0.0003074. Investors should be wary as it could lead to a classic pump and dump scheme. The crypto community awaits further development in price as the search for Do Kwon intensifies. What Is The Future Of LUNC A spokesperson for South Korea explained that the Red Notice against Kwon would set a wrong precedence for the crypto industry and may cripple future innovations in the market. Related Reading: Avalanche Struggle To Break Downtrend, Is $20 Mark Possible? The collapse of Terra stablecoin will lead to greater regulatory scrutiny in the crypto market. Reports from last week indicate the House of Financial Services Committee has issued a bill introducing a two-year ban on creating and issuing algorithmic stablecoins like Terra.  Featured image from Pixabay and chart from TradingView.com