Category: Cryptocurrency News

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An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is unique whether the price changes or not. “If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings,” the DBS strategist emphasized. DBS Strategist on […]

So to be blunt, these types of NFT you don't sell. I know that is a shocker to some who aren't in this sub-space. But there is a number of NFT out today you don't sell and it's really about the tech. ​ Now, what is a dynamic NFT or dNFT. A dNFT is basically…
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Cryptocurrencies have been suffering higher volatility since the bear took control. For example, the fledgling crypto coin Bitcoin price plummeted to a low of $18,363 on Oct 13 and then reversed to $19,354 today. Unlike the other top coins creeping, Uniswap’s native token, UNI, marks higher gains. Although its price touched $5.50 when BTC plummeted on Thursday, UNI added over 14% following the day and claimed a $6.49 high. At the time of writing, the token’s value hovers around $6.20, up by 0.96% in the last 24 hours. The Uniswap market cap also indicates a bullish trend, signifying the crypto winter started to ignore the project. Its capitalization has increased to $4.70 billion, representing a 0.24% gain. Related Reading: This Could Fuel An Ethereum Rally Back To $1,700, Shorts Beware Financial Indicators MACD Line And RSI Suggest Bearish Divergence In line with the daily price analysis, UNI against USD presents a bullish trend ahead. The price actions form a high-low pattern which signs an uptrend for the token. As recent price moves show, investors did not miss any opportunity and connected with all swing lows. Likewise, Uniswap ended its retracement phase below $5 in the last week and now seems to find resistance above this. The expected price range for the token in October remains between $5.3 to $7. Opposite to the positive happenings within the UNI network, the Moving Average Convergence/Divergence (MACD) line, an oscillator used to indicate market trends, currently points toward the bearish signal for the token and crosses the line. Likewise, the Relative Strength Index (RSI) shows a bearish divergence as its peak continues falling toward the 50 zone. Uniswap To Deploy On zkSync For Cheaper Fee And Enhanced Security UNI is the governance token of the decentralized exchange Uniswap, which allows users to trade and sell cryptos using smart contracts. It seems users and organizations are pushing for privacy in the sector, driving adoption and positively affecting prices. For example, on Wed, 12 October 2022, Coin Center, a think tank on cryptocurrencies, filed a suit against OFAC over restrictions against Tornado Cash, a privacy mixer (decentralized cryptocurrency tumbler). In return, almost the whole market reacted by going green as the news spread. Notably, today’s announcement by the Uniswap platform might become a catalyst to pump the token’s price further. The Uniswap exchange has declared to build on the zkSync for enhanced privacy and security. zkSync uses novel technology, also known as ZK Rollups, to enable faster transactions with minimum gas cost. The company decided to deploy privacy-focused layer two after completing a governance vote. Offering a minimum fee without compromising on security will attract more users and accelerate the network’s activity. The parent company of zkSync, Matter Labs, commented that this move would onboard new users. Furthermore, the low network fee than Ethereum will make the platform more attractive. The company noted in a statement; There’s significant value in Uniswap being available on an EVM-compatible ZK Rollup. Deploying early on zkSync helps solidify Uniswap’s place as the number one DEX and a thought leader. Related Reading: New Study Reveals Best Stablecoin, Why DAI Took The Crown Therefore, with zkSynce launch on mainnet within the next six weeks, investors’ wallets may profit from the project’s growth.  In addition, the token might enjoy resistance above $7 in the coming days, which the investors are hard to manage. Featured image from Pixabay and chart from TradingView.com

My mom is in her late 70’s, still works and doesn’t have much money so this is pretty much her worst nightmare. She fell for an elaborate scheme where someone posing as her bank called her and scared her into withdrawing 10k from her accounts and depositing the funds into a bitcoin wallet through a…
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ZIL’s price shows strength for the first time after a long while. ZIL bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend.  The price of ZIL shows bullish signs as the price cracks a 5% gain despite trading below 50 and 200 Exponential Moving Averages (EMA) with good volume.  The price of Zilliqa (ZIL) has been one of the best performances in the early part of the year as many talked so much about its metaverse project “Metapolis” with huge partnerships. The price of Zilliqa at a time complimented the hype around this crypto asset, with the price rallying from a low of $0.03 to a high of $0.2 against tether (USDT). Despite the crypto market facing a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like ZIL showed some strength. (Data from Binance) Related Reading: This Could Fuel An Ethereum Rally Back To $1,700, Shorts Beware Zilliqa (ZIL) Price Analysis On The Weekly Chart Although the crypto market fell sharply due to the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with ZIL attempting to bounce off from its low of $0.028. With the recent rise in the value of Bitcoin Dominance (BTC.D) after a long period of decline, it is unclear how long the current price bounce will last. With BTC.D rising, most altcoins will see a price drop when BTC retraces. ZIL’s price has had a tough time after its launch of Metapolis, with the price hitting a downtrend with no sign of a recovery. The price of ZIL retraced to a low of $0.029; the price bounced off from this region to a high of $0.04 but was rejected from this region with no recovery sign on the weekly timeframe. Weekly resistance for the price of ZIL – $0.04. Weekly support for the price of ZIL – $0.027. Price Analysis Of ZIL On The Daily (1D) Chart The daily timeframe for the price of ZIL doesn’t look so good as the price has tried on several occasions to break out of the downtrend as the price has formed a downtrend line acting as resistance for ZIL’s price.    ZIL’s price needs to break out of its downtrend with good volume and reclaim the resistance at $0.035 for the price to have a relief rally. Zilliqa is a good project with a real use case; the current market state has affected the price, but this is a crypto asset with less attention lately. Daily resistance for the price of ZIL – $0.035-$0.04. Daily support for the price of ZIL – $0.027. Related Reading: Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC Featured Image From Cryptonomist, Charts From Tradingview