Category: Cryptocurrency News

submitted by /u/Noujiin [link] [comments]

I’ve realised that there’s a ton of hate amongst the developers community for blockchain developers. I don’t understand why? Developers who build Web3 apps are no different than the rest. We just build apps that use a certain technology. It seems because of the volatility of many tokens, people tend to hate the whole technology.…
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submitted by /u/DailyGweiBot [link] [comments]

Over the past several days, the market has been favorable for cryptocurrencies, which has given them a significant boost. Two of the currencies that have seen a considerable increase over the past seven days are Solana (SOL) and Avalanche (AVAX). Investors are also optimistic as a result of the cryptocurrency market’s recent growth trends. According to CoinGecko data, SOL is currently trading at $45.04 and has experienced a significant 7-day rise of 37.2 %. While it is still down 82% from its peak of $259.96 on November 6, 2021, approximately nine months ago. Related Reading | An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation With a spectacular rise of 49.4% over the past seven days, AVAX excelled. As a result, its current price, $25.29, has increased by 5.8% during the last 24 hours. It is also 82% below its ATM of $144.96 on November 21, 2021, which was eight months ago. The Crypto Market Shows Signs Of Recovery “Crypto winter” is without a doubt the phrase that every crypto trader is uttering right now. After reaching a high of $3 trillion in 2021, the market capitalization of cryptocurrencies had a sharp decline, down to $1 trillion, a loss of around $2 trillion. In the history of cryptocurrency, there have been a number of well-known bear markets. Still, the one in 2022 is particularly noteworthy due to the extreme testing of decentralized financial systems and the excessive use of trading leverage. However, the intense storm is now gradually winding down. Along with other encouraging economic data, the recent increase in cryptocurrency prices in mid-July suggests that the bear market is slowly reversing and that the cryptocurrency industry is on the way to recovery.  Solana And Avalanche On Recovery  Most coins strive to become better ones of themselves in order to find fortune and increase in value. As these cryptocurrencies grow, investors will view them as more reliable, which will boost their attractiveness. That is why Avalanche’s (AVAX) recent price rise may be gearing up to reclaim its worth. The crypto community believes the Avalanche currency may make a comeback this month as it has just achieved a solid recovery from its June low of $13. AVAX is a blockchain system that is rising in recognition as an Ethereum rival. The coin has also shown that it has the capacity to succeed as well as the resources needed to recover even under pressure. Related Reading | Ethereum Merge: How ETHBTC Could Hint At A Return Of Risk Appetite On the other hand, the well-known blockchain network Solana (SOL) has made a strong comeback from its $25 low in June. Additionally, it still needs assistance to recover its value and reach a high of $95 in May. Furthermore, according to a group of fintech experts from Finder.com, Solana (SOL) will see a value increase to $45 by the end of 2022. The panel forecasts that SOL will be valued at around $166 in 2025 and $512 in 2030. Featured image from Flickr, chart from Tradingview.com

According to market analysts, the precious metal gold is officially in a bear market and prices could remain suppressed over the next few weeks. Moreover, while the macroeconomic backdrop has been gloomy, the popular safe haven asset has lost 17.50% in value against the U.S. dollar during the last four months. TD Securities Market Analysts […]

Hi all, does anyone have recommendations of a wallet, hardware or otherwise, where I can keep my ETH? I currently hold it in a Coinbase wallet, and a bit in a Coinbase exchange account. However, I am concerned about the future of Coinbase as a company, and want to secure my crypto currency elsewhere. Thanks…
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submitted by /u/cysec_ [link] [comments]

Binance Coin (BNB) is currently inching towards the $275 level. The bulls are expected to likewise push harder and selling pressure should go back to normal in the next 24 hours. Are we seeing a major rebound in the next couple of hours? The crypto market has been predominantly strong over the last 24 hours. Everything is looking green for the crypto space. The king of crypto, Bitcoin was up by 6.77%, Ethereum gained 6.2%, while other major altcoins are flourishing. BNB/USD has extreme volatility seen in the last 24 hours, trading in the range of $255 to $275 or a trading volume increase of 34.46% or a total of $1.934 billion. Suggested Reading | Dogecoin Shows Signs Of Vigor – DOGE Target Of $0.075 Within Range Binance Coin At No. 5 Binance Coin, the utility token of popular crypto exchange Binance, currently ranks at the 5th place with a total market cap trading at roughly $44.2 billion.   BNB has been displaying a stronger performance since the middle of last week; which made it break the resistance level at $245. BNB rallied further, reaching the $274 resistance level; with no downsides seen. BNB’s trading volume has increased to as much as 65% since last week which moves in tandem with the rest of the other coin supplies which has also gained 0.06% so far which wraps up the overall circulating supply to as much as 163.28 million, which is around 98.89% of the total supply of 165.12 million. Meanwhile, Bitcoin is currently trading at roughly $23,229. Comparatively, Binance Coin seems to have gained more compared to Bitcoin. As of this writing, BNB was trading at $269.21, up 22% in the last seven days. BNB total market cap at $43.7 billion on the daily chart | Source: TradingView.com The Rarity And Exclusivity of BNB Launched in 2017, the Binance Coin has that air of exclusivity making it extremely valuable. You can’t trade or find BNB in all exchanges making it an “elusive” coin. More so, the BNB supply is limited specifically with the unique coin burning process that Binance Coin has. Binance burns or destroys 50% of the total coin supply or equivalent to 100 million coins every quarter which further bolsters it value. It leverages on the law of supply versus demand. BNB has been flipping resistance levels and continuing to its momentum. Despite the SEC issues that BNB has been facing or the risk of the coin being delisted, Binance Coin remains to be the 5th largest coin in terms of market cap. Suggested Reading | Solana Adds 70% More Shine – Can SOL Keep The Light Coming? Featured image from Forkast News, chart from TradingView.com