Critics claimed the Biden administration’s reports focused on environmental concerns over crypto’s energy consumption and illicit uses rather than the technology’s benefits.
The avatar in question can be seen here. For some more context: OpenSea trading volume today vs. 18 days ago. It's primarily a select few popular collections right now though. There was a small peak in interest about a week ago after which things quieted down a bit. At this point there are only a…
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Meme coin Dogecoin is asserting dominance in the market once more. Last week, the digital asset lost its prized crypto top 10 positions when Polkadot (DOT) rallied, and it overtook the meme coin. However, as the week draws to a close, DOGE has taken the lead over DOT once more. Dogecoin Makes Top 10 After spending about a week out of the top 10 cryptocurrencies by market cap list, Dogecoin has reclaimed the 10th spot on the market. It is less a result of a rally in the price of Dogecoin and rather a decline in the price of Polkadot (DOT) over the past week. Related Reading: Ethereum Merge Fails To Move ETH Price, $2,000 Remains Elusive Where DOGE had seen a price decline of 6.24% in the last 7 days, Polkadot had suffered a worse fate, losing more than 12% of its value in the same time period. DOT had inevitably lost its footing above $7, and its market cap dropped to $7.64 billion. At the time of writing, Dogecoin’s market cap was sitting at $7.9 billion, less than $300 million higher than the market cap of DOT. This means that the meme coin is not completely out of the woods, and DOT could overtake the 10th position if DOGE’s price fails to hold up against the market. DOGE Price Still Struggles The re-entry into the crypto top 10 has not meant much for the digital asset. DOGE’s price is still sitting perilously below $0.06 and shows no sign of any positive recovery anytime soon. The bear market has not done the cryptocurrency any favors either because it has only recorded a 0.7% growth in the last 24 hours. Investors have also felt the impact of this decline as profitability has been down over the last couple of weeks. Presently, there are more Dogecoin investors who are recording losses than those who are currently in profit. Related Reading: Displaced ETH Miners Seek Refuge In Ethereum Classic, Ravencoin A total of 50% of all wallets holding DOGE are currently in the red, while 48% are in the green. The rest (2%) are currently sitting in neutral territory. DOGE’s price is also more than 91% down from its all-time high price of $0.70, performing badly compared to its fiercest competitor, Shiba Inu. Nevertheless, whales continue to be very active in the meme coin. Over the last 7 days, large transactions with values of over $100,000 have come out to a total volume of almost $1 billion. The meme coin also boasts more than 4.4 million holders, indicating strong hold sentiment among community members. Featured image from Bitcoinist, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
PRESS RELEASE. Luart has announced an official rebranding to Arcnes, a move that will better position the NFT platform to innovate and grow to its fullest potential, and this is because Arcnes is more than just a marketplace; it’s a tool for blockchain-based gaming and NFT projects. In addition, the platform will assist project founders […]
In times gone past, the undoing of crypto has generally been a little more isolated to itself and not due to other markets, with bull runs and bear crawls occurring outside of the world’s most recent major economic downturns (like 2008). This time, here in splendid 2022 post/during covid – I really don’t know anymore…
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Why? If the top 3 pools have most of the hashrate, they can censor transactions and not include them in blocks. 2miners has 40% of the hashrate, they get control over who gets in what blocks 40% of the time. Smaller pools have awesome communities. There is a lot more to mining than just set…
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At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of the largest crypto coins by valuation, only six use PoW and […]
Decentralized finance still has a way to go before it can attract institutional capital. Meanwhile, Fireblocks has become a 9-figure revenue-generating company.
After showing so much strength as the price rallied from $1,024 to a region of $2,000 against tether (USDT) ahead of the anticipated merge, many call for a bull run and a $4,000 Ethereum price at the end of the “Ethereum Merge.” The price of Ethereum has not shown that run it showed in recent months as the price has struggled to break above $1,800. (Data from Binance) Related Reading: Why Cardano (ADA) Could Be Registering Another Decline, Analyst Explains Ethereum (ETH) Token Price Analysis On The Weekly Chart ETH saw a decline in its price from $4,500 to around $1,024, with an over 70% drop from its all-time high despite having good fundamentals. The price of ETH bounced off after touching a weekly low of $1,024, and the price rallied to $2,000, showing some great strength ahead of the scheduled merge, but the price was quickly rejected as this area acts as resistance for the price of ETH. The price of ETH on the weekly chart formed an uptrend line as the price continued to respect this support line bouncing off to maintain its bullish run, but the price of ETH broke this trendline after a while, creating mixed feelings in the heart of many holders of ETH. ETH’s price is trading above the key support of $1,400; the price of ETH needs to hold above this support to avoid the price going lower to its weekly low. With the price of ETH holding this support, we could have the chance of trading higher to a region of $1,630. A break below $1,400 would mean retesting the key weekly support at lower regions of $1,200 and $1,000. For ETH’s price to restore its bullish move price need to break and hold above $1,700 with good volume. A break and close above $1,700 give ETH price the boost it needs to rally to a region of $1,900 and possibly $2,000. Weekly resistance for the price of ETH – $1,630-$1,700. Weekly support for the price of ETH – $1,400-$1,200. Price Analysis Of ETH On The Daily (1D) Chart The daily timeframe for ETH prices continues to weaken as prices break to the downside of an asymmetric triangle signaling a downtrend to the next support area is ideal for bulls to build more buy orders as prices continue to range in this zone. A break and close below $1,400 for the price of ETH on the daily timeframe would send the price of ETH to a region of $1,300-$1,200, where it seems to be a good zone for more buy orders and demand. ETH price needs to hold above $1,400; breaking below this zone will flip the price into a resistance making it harder to trend to higher heights. On the daily timeframe, the price of ETH is currently trading at $1,450 below the 50 and 200 Exponential Moving Average (EMA), acting as resistance for ETH price. The price of $1,620 and $2,000 corresponds to the resistance at 50 and 200 EMA for the price of ETH. The price of ETH needs to reclaim 50 EMA for a chance to trend to $2,000; for the price of ETH to have a better chance to reclaim 50 EMA price needs to hold $1,400 support. The Relative Strength Index (RSI) for ETH is above 40 on the daily chart, indicating more sell order volume. Daily resistance for the ETH price – $1,620, $2,000. Daily support for the ETH price – $1,400. Related Reading: Experts Predict Ethereum Will Plunge Further In Price Featured Image From zipmex, Charts From Tradingview and Messari
During my daily degenerate commenting, I received a message saying I was tipped 0.01717781 BCH. I was skeptical about this message since I understand there are many people out to try and scam others for crypto. I reached out to ask this sub and to my surprise, you can tip in other cryptos besides Moons!…
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