Category: Cryptocurrency News

CSPR’s price remains strong despite price facing rejection from a high of $0.055 as the price holds above the key support area.  TWT breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down.  The price of CRV respects the downtrend line as the price aims to break out of its downtrend price movement.  The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Casper Network (CSPR), Trust Wallet Token (TWT), and Curve DAO (CRV), have shown strength despite the growing concern for Bitcoin Dominance (BTC.D) as this could affect the price of altcoins when BTC retraces. Here are 3 altcoins that have defied the pull of BTC.D. Related Reading: Arca Firm CEO Believes Crypto Winter Has Reached The End, How True Is That? Casper Network (CSPR) Price Analysis On The Daily Chart Most projects have fared poorly in the bear market, with many experiencing more than 50% price declines, discouraging most traders and investors from stockpiling these assets. With Bitcoin’s dominance (BTC.D) rising and the price of BTC moving in a range, this has affected most crypto projects. The price of CSPR has enjoyed a somewhat good price rally. After dropping to a daily low of $0.03, the price of CSPR rallied to a high of $0.055, reclaiming its key support.  CSPR’s price needs to hold above $0.045, which corresponds to the 200 Exponential Moving Average; a close above this region could push the price to $0.077. Daily resistance for the price of CSPR – $0.077. Weekly support for the price of CSPR – $0.045. Price Analysis Of Trust Wallet Token (TWT) The daily timeframe for the price of TWT has shown resilience as the price continues to maintain its bullish strength after a successful breakout from a descending triangle.  TWT’s price faces resistance at $1.2; the price needs to break this region to rally higher; if the price fails to break this range, we could see the price retesting the support at $1.  Daily resistance for the TWT price – $1.2. Daily support for the TWT price – $1. 3 Altcoins – Price Analysis Of Curve DAO (CRV)  After dropping to a daily low of $0.5, the price of CRV bounced from that area as the price rallied to a high of $1.5 before facing rejection to trend higher. The price of CRV saw rejection as the price continued to range, forming a descending triangle with a possible breakout to a high of $1. Daily resistance for the CRV price – $1.2. Daily support for the CRV price – $0.65. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown Featured Image From zipmex, Charts From Tradingview 

Bitcoin price has been moving within a restricted range for over a week now. The coin had attempted to move north over the past few days. However, it has not managed to trade near the $20,000 mark. The movement of the Bitcoin price has mainly remained sandwiched between $18,000 and $20,000, respectively. Over the last 24 hours, BTC slipped by 0.4%, confirming that there has not been significant price movement. In the past week, BTC depreciated by 1.1%. Overall market strength has been choppy, which is why market movers have remained dull on their respective price charts. The technical outlook of Bitcoin continued to side with the bears. Buying strength has remained low as a result of a slowdown in demand for Bitcoin. According to its one-day chart, over the next trading sessions, Bitcoin is set to retrace further and trade close to the $18,900 price mark. This support level marks a crucial price level for the coin as it will determine the next move of Bitcoin depending on the demand for the coin. Bitcoin Price Analysis: One-Day Chart BTC was trading at $19,100 at the time of writing. The cryptocurrency has moved up and down within the range of $19,400 and $19,000. Continual movement in a similar pattern will strengthen the bears even further. Overhead resistance for the coin was at $19,600, moving past which BTC will again have a tough time crossing past $20,000. The bulls will only take over from the $20,000 price mark. On the other hand, the nearest support would be $18,900. This is a crucial support line for the coin. A fall from there will cause BTC to move to $18,300 and then to $17,400. The amount of Bitcoin traded in the last session turned green, which could indicate a small rise in buyers. Technical Analysis Demand for the coin has seen a slight increase over the last 24 hours. For most of this month, Bitcoin’s demand has remained low, and sellers have taken over the market. The Relative Strength Index was below the half-line, and that meant a lower number of buyers as compared to sellers on the one-day chart. Bitcoin price was below the 20-SMA line, which also was in accordance with fewer buyers as sellers were driving the price momentum in the market. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown However, BTC still continued to display buy signal on the chart. However, those were declining and would soon be replaced by sell signal. The Moving Average Convergence Divergence shows the price momentum and direction of the asset. MACD still displayed green signal bars, which were buy signal for the coin. The Parabolic SAR also indicates the price direction of the asset. The Parabolic SAR was above the candlesticks, which meant that the price was bearish for the asset. The indicator indicated that the price of Bitcoin was in a downward trend, which could be reversed if demand returned to the chart. Related Reading: Bitcoin Price Still Consolidates, What Could Trigger A Nasty Drop Featured image from UnSplash, Chart: TradingView.com

Well, what everyone expected happened. Most of the Gen 2 collections have been bought up and this has happened very quickly. What I think is a big factor is that many of the same people bought the same NFTs for example (Cosmic Abyss #1, …#2, …#6). 3 same NFTs but just a different number. I…
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Fidelity Digital Assets, a subsidiary of Fidelity Investments, has informed customers that it will start offering ethereum trading and custody services on Oct. 28. “Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today,” the firm said. Institutional […]

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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A dip is common in the cryptocurrency market during a bearish downtrend. Most times, it could persist for a prolonged period. The current crypto winter of 2022 has seen the value of many coins drop. Investors are carefully weighing their options and considering if buying the dip is a smart move in the current market. Some investors move their assets to perceived safer ground as they brave the storm. In a price chart, a dip is identified as a valley. For Polkadot, expert predictions are varied on when the coin will eventually make the much-anticipated price comeback. Related Reading: Flow Rolls Out Blockchain Tools As Social Dominance, Coin Price Seen Rising Polkadot is way off its all-time high of $54.98 as of November 2021 to a modest $5.58, which is an exponential drop for the coin.  DOT is unique since the project focuses on parachains that interlink with each other. These parachains are customized project-specific blockchains intertwined with the relay chain of Polkadot. The relay chain – the Polkadot network, secures and connects these parachains in numbers between 100 -250.  Price Forecast For Polkadot The current market trend was also observed with Polkadot since it has been in a bearish reversal for months in 2022.  The price movement for DOT will depend largely on the activity of market forces. With the coin falling below previous support levels of $10.33, investors keep their fingers crossed to see if the bulls will rally. The general market sentiment holds that if Polkadot can break the resistance level of $7, then the bulls are rallying.  However, the strong bearish trend will continue if the price drops below the $5.70 support level. So far, in the year 2022, the price of the coin has been on a gradual decline. Even the parachains felt the effects as Acala USD (aUSD), for instance, lost its peg to the dollar.  Judging from Bitcoin’s dominance, the dip in bitcoins price and dominance is a signal of a possibly prolonged bearish market generally.  To Buy The Dip Or Not? Writing the entire project off as a colossal failure could be quite tempting. However, long-term crypto investors know that the market can suddenly reverse to an uptrend.  With macroeconomic factors like inflation, it is easy to see why the cryptocurrency market is on a downtrend right now. Inflation rates in major countries like the United States have been on the rise amid concerns of a global-scale recession. Also, the Ukraine-Russia conflict has impacted the market negatively. With the US-dollar-pegged stablecoin Terra crashing, the general belief is no project is immune to the grip of market forces. For now, experts believe that buying the dip would favour long-term investors. However, the price could dip further due to the volatility and risk associated with cryptocurrency. Related Reading: Tron Development Activity Grows In The Last 7 Days – Except TRX Price So, it depends on the investor’s strategy and plans. But the general advice is: to buy the dip, use only money you can afford to lose. Price forecasts are mere speculations, and historically, cryptocurrencies frequently deviate from these assumptions. Featured image from Pixabay and chart from TradingView.com

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Finder’s panel has always shared thoughts regarding bitcoin and where they see the price going over the next months, and even years to come. In the last year, there have been some bullish predictions from the panels, but as time has gone on, these experts have begun to adjust their predictions to fit the current market. The most recent of these panels have revealed their thoughts on the digital asset and it is adjusted even lower. 11% Growth By Year-End The Finder’s panel shared their thoughts on where they believe the price of the digital asset will be ending up. According to them, they expect another 11% growth in the price of bitcoin from its current level. This will put BTC at a price of $21,344 by the time 2022 is over. Related Reading: Bitcoin Bottoms: The Psychology Of Bear Markets This is different from the previous predictions from the Finder’s panel through the course of 2021. Back in January 2022, the panel had said that they saw the price of BTC finishing the year at $76,360 by year-end. This would be reduced in April 2022 when the same panel had put the year-end price at $65,185. Another reduction saw them tender a $25,473 forecast for the digital asset back in July. One thing that remains constant is the reduction of the panel’s forecasts as the bear market continues. However, they still continue to maintain that bitcoin will still see an upward momentum towards the end of the year, hence the 11% prediction this time around. BTC price falls below $19,000 | Source: BTUCSD on TradingView.com Bitcoin In The Long Term Like always, the Finder’s panel did not only tender forecasts for the short term but also for the long term. These forecasts tend to span almost a decade, putting prices at where they think they will be at various important dates in the future. In addition to 2022, they also gave price forecasts for the years 2025 and 2030. Even these forecasts saw an upward trajectory, although lower than their previous expectations, keeping in line with the bullish outlook of the panel.  Related Reading: Dogecoin Hash Rate Hits 7-Month High, But What Are Price Expectations? The first, in 2025, they expect the asset to trade at $79,000. In April, this figure was $179,000, and $107,000 in July. The 2030 forecasts were revealed to be $270,000. To put this in perspective, the panel had previously said that BTC would hit $314,000 back in July, and $420,000 back in April.  Despite the varying price predictions, the report showed that 77% of the experts in the panel still believe that bitcoin is a store of value. “Nothing fundamentally has changed for Bitcoin, it’s a global capital crisis, and Bitcoin is affected in a short term but will recover; a lot of other financial assets will not,” said Serhii Zhdanov, CEO of EXMO. Featured image from MARCA, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

PRESS RELEASE. After being listed on LBank Exchange on September 29, 2022, Genesis Token (GTN), the native token of Relictum Pro, has been witnessed by investors with an impressive 4 times price surging, indicating the great potential of the project has been further recognized by global crypto community. The global expansion of Relictum Pro continues […]

Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market. $1.4 Billion in Turnover Expected From Russia’s Bitcoin […]