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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Looking through the top100 cryptos by marketcap, there are 10 coins/tokens that are at least 98% from the All Time High. Which (if any) of these do you think can survive? Paraphrasing from Animal Farm, everything is down, but some are more down than others. The following coins or tokens are down by 98% or…
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The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto Settlements Amid Financial Sanctions The Central Bank of the Russian […]
submitted by /u/procaptaination [link] [comments]
Despite the market downturn, Shiba Inu (SHIB) is still seeing growth in terms of its holder base. The meme coin maintains its position as one of the most popular cryptocurrencies as its total holder count has now crossed 1.26 million. 10,000 New Shiba Inu Holders Added In a time when cryptocurrencies across the space are marking a decline in support, Shiba Inu has added over 10,000 new holders in the span of two weeks. This saw the total SHIB holders cross into the 1.26 million territory, marking more growth for the meme coin. In the last 24 hours alone, the number is up by 0.033%, according to data from Etherscan. Related Reading: Ethereum Price Balks As Dormant Whales Reactivate The meme coin also recently marked another milestone after it crossed more than 1.8 million watchlists on Coinmarketcap. The growth comes even as the price of the digital asset suffers multiple setbacks, drastically dragging down the profit margins for investors. Binance, the largest crypto exchange in the world by trading volume, recently released the data for the most-watched cryptocurrencies on the platform, and Shiba Inu emerged in the top three; alongside market leaders Bitcoin and Ethereum. SHIB price struggles at $0.000008 | Source: SHIBUSD on TradingView.com Will SHIB Price Remain Stagnant? SHIB’s price has been quite unresponsive to all of the new milestones being hit. The holder base had been consistently climbing over the last two months but the price of SHIB has not reacted positively in any way. Instead, developments on Shiba Inu seem to be disconnected from the price performance of the native token. Related Reading: Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer With no meaningful movement following all of these, then it is possible that the meme coin will not be seeing any sort of recovery before the year runs out. It continues to trend just above $0.000008 as the bear market rages on. It is important to keep in mind that the total number of active Shiba Inu addresses currently sits below 5% of its total addresses. This means that there is a decreased activity for the digital asset, which could explain why there have been no positive reactions to the milestones. The cryptocurrency has also fallen out of favor with large Ethereum whales who no longer hold a significant amount of the cryptocurrency on their balances. This has accelerated the bear case for the meme coin. If momentum does not pick up, then it is possible that SHIB could see the lower side of $0.000007 before the year is over. Featured image from Crypto News, chart from TradingView.com
submitted by /u/iiJokerzace [link] [comments]
Hi everyone, I am quite new to Ethereum staking, but I was wondering if anyone knows of alternatives similar to Lido or RocketPool that can be joined as a Validator for Ethereum staking? Thank you in advance! submitted by /u/Ilinca89 [link] [comments]
The cryptocurrency market continues to feel the darkness of crypto winter, but it could be Litecoin bringing the blossom of a new bull trend, according to a an eerily similar fractal found in LTCUSD daily price charts. The fractal pattern developed following the most recent pullback, and appears to have a similar structure to a major bull market breakout. Could this be the light at the end of the tunnel for cryptocurrencies? Hawkish Fed Dims Litecoin Rally, But A Fractal Gives Hope After a stellar month leading the market with 40% returns for November, Litecoin has given back nearly half of that thus far in December. LTC had been on a tear, outperforming top coins like Bitcoin and Ethereum, and clawed its way closer toward making it back into the top ten cryptocurrencies ranked by market cap. Related Reading: Bitcoin Volatility Explodes Around $18K Level, As Fed Reveals 50 Basis Point Rate Increase But the greater market pullback stemming from a hawkish Fed meeting this month, caused a failure to liftoff in Litecoin. However, the discovery of a price action fractal in LTCUSD could suggest this recent pullback wasn’t necessarily a failure, but a refueling of sorts — before taking off in an even stronger rally. The price action is strikingly similar then versus now | LTCUSD on TradingView.com Comparing Price Action Then Vs Now: Will Bulls Get A Break? The fractal begins on Black Thursday in March 2020 — a black swan event few saw coming. Litecoin rebounded and the fractal formed. Unlike Bitcoin, which made a lower low during the FTX, LTCUSD hasn’t, and instead has followed the same pattern from 2020 almost flawlessly. Price following the fractal further could lead to some minor continued downside, but ultimately holds at resistance turned support. If the current pullback proves to be a retest and holds, a more obvious rally could materialize. Related Reading: Litecoin Continues To Slide, Now Below Shiba Inu In Market Cap Failure would almost certainly send Litecoin back toward 2018 lows and potentially beyond, making the fractal among one of Litecoin bulls’ best hope for a redemption rally. Importantly, a concurrent reversal taking place in the LTCBTC and LTCETH trading pairs appear to indicate strength in the altcoin relative to the top two crypto assets. However, there is no telling what this might mean for the overall market at this time. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
The original post by u/blackenedavocado notified the community about a new TRUMPCOIN token that was rug pulled in the past 24 hours, which had connections to the Trump Digital Trading Card NFT collection. It looks like there is a connection between the Trump NFTs and a serial rugpuller. Below, I've broken down the TRUMPCOIN rug…
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If only there was some form of Financial Tech that would cut out the middleman (Banks) and allow people tocontrol their own funds. ahem … it's crypto. submitted by /u/DogeDude420 [link] [comments]
