Right now I could invest ~$3000 and of course I want to hodl while staking. This is what I see as my best options: ETH with RocketPool: I must be able to trust RocketPools smart contracts, because I will have to change my rETH back to ETH later, right? Is it safe? Would you recommend…
Read more
Stellar (XLM) has seen a stunning turnaround after the recent market downturn. However, following the announcement of the CPI report and corresponding fears of an interest rate hike, a sell-off ensued. The Donchian channel indicates that the average price of XLM is $0.1076 as of this writing. After a drop, the Awesome Indicator also gives off very strong bullish signs. This could signal a rebound. The XLM market has showed a spectacular recovery from the September 13 catastrophe, with prices climbing back above the $0.1004 support line that sustained the downturn from August 14 to September 6. At the 4-hour time mark, the coin is following an uptrend. Looking at the wider picture, however, we see that the upturn may be short-lived. Related Reading: MANA Under Sideways Motion In The Last 4 Months Stellar Rally Gives Investors Some Confidence The XLM token closely tracks Bitcoin’s price movements because the whole cryptocurrency market is modeled after it. The downward pressure of the triangle indicates that the coin’s motion is heading in a downward direction. Price levels of support and resistance were calculated using the Fibonacci retracement tool. The bulls are attempting to leverage two supports located at $0.1023 and $0.1058. These two factors have bolstered traders’ and investors’ optimism, which has contributed to the price increase. The range of $0.1153 represents the resistance level. If price momentum overcomes this resistance, the price might rise to the $0.1234 region. This can be a strong purchase signal for investors and traders. Indicator of momentum also demonstrates bullishness. In addition to purchase signals, moving averages are currently sending buy signals. For the market to rebound, however, bulls must have sustained momentum in order to surpass the $0.1194 and $0.1234 resistance levels. Looming Interest Rate Hike To Determine XLM Price Even for the broader cryptocurrency market, this can be a challenging issue. As previously indicated, XLM and other cryptocurrencies on the market share a strong correlation with Bitcoin which, in contrast, tracks the S&P 500 Index. In light of this, XLM’s mini-rally could be imperiled if larger financial markets continue to fear an impending interest rate hike. The XLM price is already struggling to surpass the $0.1153 barrier level. From the 10th until the 13th of September, the coin has already tested the specified resistance level. The coin is trading close to the resistance level of $0.1153 at the time of writing. The presence of long candles on the charts may signal another attempt to break out of a trading range. If the price falls again, it should not breach the $0.1023 support level, since doing so could spark a bigger sell-off. Related Reading: Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity XLM total market cap at $2.8 billion on the daily chart | Source: TradingView.com Featured image from Zipmex, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).
A decent number of people were expecting gas fees to quickly and suddenly decrease right after the merge, but that is far from the truth. Technically, moving to PoS does register a very tiny decrease in gas fees, but that change is basically negligible. The only thing that changes for now is energy consumption which…
Read more
submitted by /u/Aief356 [link] [comments]
submitted by /u/iroh_80 [link] [comments]
Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support.
Feeling nostalgic even if it isn't that long ago, 1 year to be exact. After hesistating for months I finally had the guts to register at a CEX my boys told me to use. Several times they shilled me the top performing coins and shitcoins I HAD TO BUY!! cause they will go to the…
Read more
submitted by /u/ankit024 [link] [comments]
submitted by /u/YoinkerWanker [link] [comments]
As the title says , this is just a friendly reminder about the absurd number of scammers on this sub. Even more after the merge. They don't want to just talk , nor know you , nor be your friend. Maybe 1 in mil, you have more chances for doge to get to Nr 1…
Read more
