Category: Cryptocurrency News

Axie Infinity (AXS), a cryptocurrency with an overall valuation of $964.02 million, is in the midst of a bullish run that enabled it to tally an impressive 22% jump in the last 24 hours. At the time of writing, according to tracking from Coingecko, the digital asset is changing hands at $8.79 and has managed to increase its value by more than 33% within the previous seven days. Here’s a quick glance: AXS has gone up by almost 40% within the last two weeks Axie Infinity nears the $9 marker Token is poised for a surge of more than 30% to reclaim the $10 territory With its current momentum, the crypto has also surged by 39.2% over the last two weeks and has trimmed its monthly loss to just 16.3%. After being in a steady downfall for six months, Axie Infinity finally found some relief and is poised to make further push to breach the psychological $10 marker. Technical Indicators Suggest Axie Buyers In Control Among the various analysis points for the crypto asset, its Relative Strength Index is the most promising one as it shows a significant increase in buying momentum – a situation that usually heralds bullish growth. Related Reading: Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Target? Source: TradingView In addition, the AXS 20 and 50-day Exponential Moving Average (EMA) confirms the thesis for a potential continued surge given the altcoin’s volatility remains at “medium.” With the current price action, it is most likely that traders will be interested in the asset’s attempt to retest the breached resistance during the next trading sessions which might trigger an increase of as high as 35.8%. If that happens, Axie Infinity will change hands at $11.8, the lower zone of the set point of resistance for the crypto (the highest of which is $15.4). However, in the event that the earlier mentioned scenarios don’t unfold, the cryptocurrency might have to revisit its supports levels standing at between $8.3 and $7.5. Rising NFT Sales Volume Fuels AXS Rally Cryptoslamp, an NFT industry data aggregator recently shared some information regarding the positive development of the digital asset class’s sales volume going up by almost 10% within the last 24 hours. During the same time, NFT-focused virtual coins such as ApeCoin (APE), Sandbox (SAND) and Flow (FLOW) witnessed a major uptick in their respective prices. In addition, it would appear that Axie Infinity has also benefited from a social media post indicating that more than 600 members of the AXS community has gathered to share ideas on how to help shape a good future for the project. Related Reading: Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30% AXS total market cap at $854 million on the daily chart | Featured image: Skip Prichard, Chart: TradingView.com

Cashing in on the buzz around Metallica’s new album launch and upcoming tour, scammers have started targeting metalheads through social media impersonation.

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In the statement, Lane also took the opportunity to “set the record straight” about its investment relationship with FTX and the firm’s “robust risk management approach.”

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On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops […]

Quant (QNT), a cryptocurrency with a total market cap of $1.88 billion, is outperforming some of the more popular altcoins out there, going up by 10% during the last seven days. According to latest tracking from Coingecko, at the time of this writing, the altcoin is changing hands at $129.88 and is in the midst of a 22.5% increase over the previous two weeks. At a glance: Quant has established important support zones of $111.5 and $100 QNT may soon test the $157 resistance territory The altcoin is enjoying a weekly gain of 10% Prior to the crypto market woes that were brought about by the collapse of the FTX exchange platform, the digital asset was enjoying a good run above the $160 region. After the exchange imploded, QNT was hit very hard, diving all the way down to $95.28 on November 14. Since then, the digital coin has done a great job of bouncing back to reclaim and sustain the $100 territory. Over the last few days, Quant’s price action formed an ascending triangle pattern which indicates more bullish activity from the 30th largest cryptocurrency in terms of overall valuation. A Possible Push Beyond $150 Zone For QNT With its Relative Strength Index (RSI) positioned above the neutral zone, there is indeed a positive outlook for the trajectory of Quant price. Related Reading: Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30% Source: TradingView On three different occasions, QNT has already tested its support and resistance trendlines of $128-$125, indicating that traders have active participation for the asset’s technical set-up. The asset, on December 2, made a decisive push beyond the set resistance neckline of $128, triggering the bullish run that comes with its current price action pattern. Combining with the definitive increase in QNT trading volume, this momentum is expected to kickstart a strong surge of 18.5% to catapult the asset all the way up to the $155 resistance region. Traders and those who are considering buying right now, however, need to keep a close eye on the altcoin as the bullish thesis will be nullified in the event of a price dump that pulls Quant below its support zones of $111.5 and $100. Worst Case Scenario For Quant Should the digital coin fail to capitalize on its current momentum and do fall below the crucial support territory, Coincodex predicts a sharp decline for its trading price. If this unfolds, within the next five days, Quant will most likely decrease its value by almost 27% to change hands at $95.77. Meanwhile, after such price dump, the asset is seen to once again mount a recovery to trim its losses. The online crypto information provider predicts that during the next 30 days, QNT will possess a trading price of $101.58 Related Reading: Litecoin Continues To Surge As Hash Rate Records New ATH – How About LTC Price? QNT total market cap at $1.5 billion on the daily chart | Featured image: Motivation Grid, Chart: TradingView.com

ASIC’s Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.

A few simple prompts to a recently released AI chatbot is all Crypto Twitter needs to create trading bots, an investment thesis and a crypto-themed song.

I'm a recent coding bootcamp grad and I've been curious about learning Solidity and freelancing making smart contracts. However, it seems that sentiment around crypto has cooled significantly and I'm not sure how it's affected the job market in regards to Blockchain development. No offense to people passionate about Blockchain development, just trying to get…
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