Category: Cryptocurrency News

DOGE’s price remains bullish as price holds above $0.1 Price remains strong as bulls dominate the market; the price aims for a rally toward $0.15  DOGE’s price trades above the daily 50 and 200 Exponential Moving Averages (EMA) The price action displayed by Dogecoin (DOGE) has been a show to watch, outperforming the likes of Ethereum (ETH) and Bitcoin (BTC) in recent days. In the high timeframe, the price of Dogecoin (DOG) looks strong, with a probable result of an uptrend movement if the market remains optimistic.  Despite the relief bounce and uncertainty surrounding the crypto market, the FTX fiasco continues to act as a catalyst for the market to bottom out. The Domino effect of the FTX saga and other large investors has stalled the market, as it has yet to make a significant move, raising concerns about the market’s direction. (Data from Binance) Related Reading: Historic Bitcoin Miner Capitulation In Full Effect – How Long Will It Last? Dogecoin (DOGE) Price Analysis On The Weekly Chart Despite the relief bounce across the market, with the price of DOGE rallying from a weekly low of $0.08 to a high of $0.104, the crypto market remains uncertain and turbulent, affecting the price of DOGE. With so much news of a capitulation imminent for all crypto assets coupled with the FTX and other crypto projects suffering from bankruptcy, the bottom could be in soon. DOGE’s price had a weekly close below a crucial area of $0.09 after showing so much strength rallying from a weekly low of $0.08 to a high of $0.088 as the price was unable to break above $0.15.  With the price of DOGE looking bullish on a low timeframe, the price could rally to a high of $0.15 if the market regains its relief bounce.  Weekly resistance for the price of DOGE – $0.15. Weekly support for the price of DOGE – $0.09. Price Analysis Of DOGE On The Daily (1D) Chart The price of DOGE remains considerably strong in the daily timeframe after closing above $0.088. With DOGE’s price aiming to break past the region of $0.12, we could see more price rally to a high of $0.15.  DOGE’s price currently trades at $0.12 above the 50 and 200 EMA, supporting the price of DOGE from dropping lower to $0.09.  If the price of DOGE breaks and holds above the 38.2% Fibonacci level, we could see more price rally for DOGE price, signaling more buy orders and bulls in control.  If DOGE’s price fails to flip, the region of $0.11 corresponds to 50% of the Fib value; we could see the price retesting $0.1 or lower depending on market sentiment. Daily resistance for the DOGE price – $0.12. Daily support for the DOGE price – $0.09. Related Reading: Bitcoin Price Looks Ready For Another Leg Higher Over $16.5K Featured Image From zipmex, Charts From Tradingview 

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Some pointed their fingers at podcaster Anthony Pompliano for promoting the crypto lending platform quite recently.

Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains.

Former FTX CEO Sam Bankman-Fried, in a conversation with Vox, admitted to using Alameda’s banking facilities for FTX user deposits.

New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.

One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.

The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking at crypto as an investment must be very careful due to […]

Cardano (ADA) has failed to take advantage of a significant network milestone it recently achieved as the digital asset continues to struggle in pushing its price to higher levels. At the time of this writing, the cryptocurrency was changing hands at $0.3060 and has gone down by almost 3% during the last 24 hours according to data from Coingecko. This comes as a surprise as the project’s blockchain is in the midst of celebrating the accomplishment of having more than 7 million native assets that have been created on it. Basing from the information shared by pool.pm, by leveraging 65,652 varying minting policies, the Cardano network is now home to 7,055,456 native tokens. What makes this achievement extra special is the fact is that just last September the blockchain hit the 6 million count. Nonetheless, ADA seems to have ignored this development as it hasn’t responded positively in terms of spot trading price and market capitalization. Related Reading: Polkadot (DOT) Clings To $5 Level Despite Unforgiving Bear Market Smart Contracts In Cardano Network Continue To Grow From a 2022 opening tally of 2,844 smart contracts, there are now 3,791 SCs running on Cardano’s Plutus platform, representing an increase of 300%. This comes at a time when the network is working on an additional development that mainly focuses on improving the smart contract functionality of the blockchain. Particularly, the team responsible for this network activity is paying attention to increasing script capacity and the Plutus Debugger MVP for the full implementation of the Babbage support. Back in September 2022, when the Vasil hard fork upgrade was launched by Cardano in hopes of increasing the scalability of the DeFi network, there was a significant increase in smart contracts running on the blockchain. Elsewhere, the project is also witnessing impressive growth in terms of on-chain activity as evidenced by the daily address activity which has jumped over 90% at the time of this writing. Moreover, the number of delegated wallet addresses for Cardano has now reached 1.23 million, although some experts believe that this surge might have been instigated by the massive sell-off prompted by the collapse of the FTX crypto exchange. December Not Looking Good For ADA? According to Coincodex, over the next five days, ADA will post a slight increase in its trading price which the online crypto info aggregator predicts to be at $0.3065. That however, will be followed by a more bearish forecast which sees the asset experiencing severe price dump towards the end of the year. By using its technical indicators and historical price movements, Coincodex was able to arrive at the prediction that 30 days from now, the altcoin will fall all the way down to $0.2742. Still, just like its fellow crypto assets, Cardano is subject to high volatility levels which means that in just a matter of a blink on an eye, it can surpass all predictions made related to its price trajectory. Related Reading: Ethereum Tries To Keep Luster As ETH Moves To Narrower Trading Range ADA total market cap at $10.7 billion on the daily chart | Featured image from Latest Finance News, Chart: TradingView.com

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