Because parts of crypto is underused. And to be honest, it is hard to figure this stuff out on your own. I figure I should make a guide on Liquidity pools and how to yield farm. Also what is the risk that come with this. ____________________ What is liquidity? Liquidity is basically the supply of…
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Chiliz has burst through to the limelight by helping entertainment and sports firms with blockchain-backed tools to allow them to monetize their viewership. The subscription is the access link through which fans obtain voting rights and early tickets. Also, the direct access fans have to their desired soccer teams is a function of Chiliz blockchain technology and token. Through the CHZ token, fans can easily access the Fan Tokens of their desired soccer teams. The CHZ token is the native digital currency of Chiliz. Fans purchase these tokens through a platform known as socios.com. Socios is a crowd management platform that functions as the powerhouse of the Chiliz experience. Related Reading: This Indicator Predicts Potential Decline Ahead For Bitcoin Price Before now, fans access their favorite soccer clubs by getting merchandise and watching football matches. But with the Chiliz experience, these sports fanatics can connect to their desired teams in real-time. Additionally, fans now significantly influence their favorite clubs’ decision-making process. Increased Trading Volume of Chiliz Chiliz is one of the most significant digital currencies in the crypto market. This is a cause for surprise considering the present trend of the market. Sentiments show a recent increase in the transactions of whales. The growth is similar to that achieved a few months back (March 29), when Chiliz hit its top price of $0.3008. However, that’s not the current price of the token. According to the on-chain tracker, this increase will likely continue for longer than expected. 🌶️🐳 #Chiliz has peppered its way into the top 40 #crypto assets by market cap and +150% price surge in the past 4 weeks. Whale transactions hit the highest network amount since March 29th. Even if whales are profit taking, the $CHZ rally could continue. https://t.co/94WHoTk9XE pic.twitter.com/3xz7FgSlMU — Santiment (@santimentfeed) August 24, 2022 While the crypto market still rides along the red zone, Whalestats reports a surge in the trading volume of Chiliz. Chiliz has successfully secured a position among the first ten most traded digital currencies in the last 24 hours. The event has resulted in enormous profits for major whales, as per the reports. This is particularly true, judging from the rate at which the digital token, Chiliz, has surged. Dating from last month, the token has appreciated more than 150%. Currently, CHZ trades at a price just above the $0.240 mark. The occurrence has given the cryptocurrency a place among the top 40 digital currencies in the crypto market. Meanwhile, the market cap of the Chiliz token is about $1.45 billion. According to MarketWatch, the token’s trading volume has surged by 23% in the last 24 hours, bringing it to $9,047 million Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead? The price of Chiliz, dating from three days back, has surged to 25%. Before now, the token has been hovering around the $0.25 price mark. But according to Bitpanda pro data, the whales’ efforts have led the cryptocurrency past that mark. Moreover, since June 18 this year, the appreciation in CHZ price has also resulted in the rise of fan tokens. Featured image from Pixabay, chart from TradingView.com
Cosmos (ATOM) ranged in a wedge against Tether (USDT) as it builds more strength to break above the $12 key resistance. The price of Cosmos ATOM has shown bullish strength as the price breaks above resistance after ranging for days. (Data from Binance) Related Reading: Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed Cosmos ATOM Price Analysis On The Weekly Chart From the chart, the price of ATOM saw a weekly low of $6.2, which bounced from that area and rallied to a price of $12, marking ten weeks of bullish strength from ATOM. ATOM weekly candle closed with a bullish sentiment, with the new week’s candle looking bullish for price recovery. The price has continued to gain traction; despite Bitcoin’s (BTC) retracement, ATOM has shown great strength in breaking out of the price range. If the price of ATOM on the weekly chart maintains this structure, it could quickly trend higher to a region of $16, acting as the weekly resistance for the price. To avoid falling below, the price of ATOM needs to hold this support zone at $12.5. Weekly resistance for the price of ATOM – $16. Weekly support for the price of ATOM – $12.5. Price Analysis Of ATOM On The Daily (1D) Chart With more buy orders, the price of ATOM would continue to trend to the upside after forming support above the wedge; ATOM holding its price above this support will help the price to trend higher. To confirm the bullish sentiment of ATOM, the price broke out with good buy volume after the accumulation phase for over some time now. The price of ATOM has shown a bullish structure after breaking out from the wedge; if bulls step in, the price of ATOM could trend higher to a region of $16, acting as key resistance on the daily timeframe. ATOM is currently trading at $13, just above the 50 Exponential Moving Average (EMA), which corresponds to a price of $11. On the daily chart, the Relative Strength Index (RSI) for the price of ATOM is above 65, indicating more buy orders. Daily (1D) resistance for ATOM price – $16. Daily (1D) support for ATOM price – $12. Price Analysis Of ATOM On The Four-Hourly (4H) Chart The price of ATOM has continued to show a bullish trend holding above the 50 and 200 EMA prices, which correspond to $11.3 and $10.8, acting as support respectively to the ATOM price. ATOM needs to hold above the 50 and 200 EMA to continue its bullish sentiment; if ATOM fails to hold, the prices of $11.3 and $10.8 will act as support levels. The price of ATOM respects the uptrend line formed by prices as the trendline acts as support in case the 50 and 200 EMA can not hold the price of ATOM during a sell-off. Four-Hourly (4H) resistance for ATOM price – $16. Four-Hourly (4H) support for ATOM price – $11.3, $10.8. Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead? Featured Image From Fintechs, Charts From TradingView.com
Liquidator Teneo has recovered only a miniscule portion of the Singapore-based Three Arrows Capital so far, while cofounder Zhu has allegedly tried to sell property there.
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The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole an estimated 4,647 of the tokens in July 2022.
On August 26, $1.27 billion in ETH options expire and data signals that the price is likely to stay pinned under $2,000 until the Merge.
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether […]
“In our dealings with law enforcement we are sometimes specifically instructed not to freeze addresses as this could alert suspects,” says Tether.
