So most of this page loves to hate on scam coins, and some are obvious but others the founders go the extra mile to make it look legit. What scammed coin did you legit believe in the project but it turned out to be a scam or the coin became a scam down the road?…
Read more
Many of you probably saw my thread the other week about how I was trying to start a free society/nation as well as an island years ago but I ended up getting imprisoned for 5 years. I've been going over different plans lately and I now have a plan we can go with in an…
Read more
submitted by /u/evilninjarobot [link] [comments]
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass […]
Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action. Over the last 24 hours, Dogecoin lost 2% and in the last week, it declined by 8%. The global cryptocurrency market cap was at $1.93 Trillion as there has been a decline of 0.2% in the last 24 hours. The meme coin has been facing tough resistance at its immediate price ceiling. Buyers have also decided to lay low as a reason the coin continues to fall prey to selling pressure. Constant fall in buying pressure has pushed the coin to break its immediate support level and eye its next price floor. Dogecoin Price Analysis: Four Hour Chart Dogecoin was trading for $0.1324 as it breached its support level of $0.1345 at the time of writing. The coin has been bearish and it has been trading in a descending channel that is considered to be negative. A continued fall in prices could push DOGE to $0.1279 marking a 4% fall. If the coin is unable to stay on the above-mentioned support line, it could trade near the $0.1190 level. Trading Volume was seen in the red and the bar was smaller than the previous trading sessions, suggesting a sell-off on the charts. Immediate resistance for the coin was seen at $0.1537 and the coin continued to face rejection at the aforementioned point. Another strong resistance for the meme-coin was at $0.1600. Related Reading | Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? Technical Analysis Dogecoin’s prices were trading beneath the 20-SMA line, which is in accordance with increased selling pressure. Sellers were driving the price momentum in the market according to the 20-SMA line. A significant push from the buyers could provide a momentary respite to the coin. The Relative Strength Index was seen below the half-line signifying that buyers have exited the market. The asset was oversold and undervalued at the press time. Further oversold conditions can drag prices down to the next support level. Awesome Oscillator determines the price momentum of the coin. Dogecoin was on negative price momentum. AO projected red histograms underneath the half-line, which signifies a negative price momentum. Parabolic SAR is an indicator that helps to understand trend direction and also the potential price reversals. Parabolic SAR’s dotted lines were seen above the price candlesticks, which meant that the price was moving south at the time of writing. This meant that the price trend was negative on the four-hour chart. Suggested Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours
Shiba Inu had picked up momentum just a week back when it soared by 35% following the news of the Robinhood listing. The broader market currently exhibits weakness as Bitcoin continues to struggle beneath the $40,000 mark. Ethereum also was priced at $2900 at press time. The king altcoin was rejected from the $3000 level over the past trading sessions. The meme-coin is consolidating at the moment. SHIB has been sandwiched between $0.00003000 and $0.00002000 respectively. Buying strength subsequently has been adversely affected owing to the consolidation. In the last 24 hours, Shiba Inu lost 3% of its value and over the past week, it depreciated by 7%. The global cryptocurrency market cap was at $1.93 Trillion with a fall of 1.4% in the past 24 hours. Shiba Inu Price Analysis: One-Day Chart Shiba Inu was priced at $0.00002369 at the time of writing. Prices had been moving sideways for a considerable period of time. Buyers have decided to steer clear of the meme-coin as the short-term reading depicts bearishness on the charts. The coin, however, flashes a bullish pattern on the one-day chart. The above chart displayed the “Adam” and “Eve” pattern continuously for the 109th day and it continues to exhibit the same. This technical formation is considered to be bullish. The two distinctive valleys that have formed on the charts are referred to as Adam (Triangle) and Eve (Semi-Circle). At $0.00003289, SHIB is expected to experience a break-out and then aim for $0.00004436 and that would mean a 60% hike from the current price level. If Shiba Inu falls in value further, the nearest support line stands at $0.00002068. Suggested Reading | Metaverse Madness: Watch These 3 Metaverse Coins – The Sandbox (SAND), Shiba Inu (SHIB), Pac-Man Frog (PAC) Technical Analysis: Four Hour Chart Consistent consolidation has left buyers in a dilemma, whether to HODL or not. As seen in the above chart, buying strength has considerably fallen over the past week. Over the next trading sessions, SHIB could breach its present price level and fall to the next price floor. On the Relative Strength Index, SHIB was seen below the 40-mark which would soon touch the oversold territory. Upon touching the oversold mark, SHIB could fall further. Chaikin Money Flow that determines capital outflow, has suggested that inflows were lesser than outflows. SHIB’s prices were settled below the 20-SMA line since the past week and was the same at press time. This determined that sellers had control over the market and they were in charge of the price momentum. The above reading also confirmed the bearishness in the market. Awesome Oscillator suggests the current price momentum of the coin. AO displayed red histograms underneath the half-line and that meant that SHIB was in negative price action. A resurgence of buyers could immediately help SHIB get out of the price consolidation. Suggested Reading | Move Over Bitcoin – Is Shiba Inu The Next Crypto Gold?
Borrowing and lending are two important parts of DeFi, but they have been missing an effective operating credential: a decentralized credit rating.
https://preview.redd.it/s0qhga8sdjv81.jpg?width=400&format=pjpg&auto=webp&s=9dce078841673fda7a354073b85cfe4efe67e01d Hello, I am a Physics/Neuroscience PhD student, following Ethereum for several years. I interviewed Lyn, the mother of Ross Ulbricht. Ross built the first crypto-powered dark-web market Silk Road. This was all new 'criminal' tech at the time, and the US govt. sent him to maximum security prison for two lifetimes plus 40 years,…
Read more
In a latest move The Central African Republic became the first African country to adopt Bitcoin as legal tender, also just the second country worldwide to do so. This canes after months of speculation of who could be the next adopting Bitcoin, this country certainly was never in the limelight during that discussion which makes…
Read more
Bitcoin bulls are attempting to reclaim the $40,000 level and if this happens, DOT, XMR, APE and CAKE could be the first altcoins to break out.
