Category: Cryptocurrency News

submitted by /u/HeirOfRhoads [link] [comments]

In one move, US government has shown that they OWN (centralized) Defi sham. They have infura, stablecoins, all the dapps (everything centralized). Only thing they don't have right now is consensus BECAUSE of proof of work. After proof of stake (CEXes, Lido, VC + node operators) they will OWN literally everything. POS is a disaster.…
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Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405. MANA price remains bullish with a daily candlestick hovering above $1.0605 hinting further gains. MANA price plunged for the second straight session spotted on Saturday. Current price analysis also shows a prolonged consolidation as a couple of candlesticks would need to close higher than its current level in order to sprint further. Related Reading: Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable MANA Trades At $1.07 According to CoinMarketCap, MANA/USD trades at $1.07 or up by 2.43% as of press time. The 24-hour trading volume improved a bit compared to a couple of hours ago and is currently riding at $148,165,816 or down by 13.47%. MANA price was down by 28% a couple of hours ago so this is definitely a huge improvement so far. A downtrend in price with a reduction in trading volume would usually hint a downside trend but so far the numbers are definitely improving by the hour. Judging by the daily chart, MANA price certainly looks bullish with established higher highs as well as higher lows. Interestingly, the MANA bulls are trying to shift the support into a resistance zone. More so, MANA price was able to break the important 50-day EMA seen at $0.947. Buying Pressure Can Trigger Uptick In MANA Prices It’s wise to note that Decentraland has been trading below the EMA since April. The chart also shows a Doji candlestick pattern indicating some form of indecisiveness or apprehension from investors. But, a reinvigorated buying pressure can surely trigger the prices to go higher. More so, a daily candlestick spotted well above the session’s high leaves a flicker of hope for the bulls. With that said, the bulls will definitely shoot next for the $1.20 level. Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic Generally, the total volume levels would usually go down following a price consolidation. More so, the volume may also pick up close to the highs as seen in the charts. Following the third session high, volume expansion becomes apparent after the downtrend. More so, the breach in the support will strengthen the validity of the pattern. Trading volumes for MANA is observed to be trading below its average numbers for the past few weeks; plus the price trading shooting for a slight uptrend. Now, if MANA price fails to close above the $1.05 mark in the next sessions, MANA might possibly slip into a downtrend. MANA total market cap at $1.98 billion on the daily chart | Source: TradingView.com Featured image from Medium, Chart from TradingView.com

Liquidity is strong on alt markets as Bitcoin gives way to Ethereum after a battle which has raged throughout 2022.

submitted by /u/Maksyme [link] [comments]

While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has grown by 24.82%, tapping $18.1 […]

submitted by /u/Chazmer87 [link] [comments]

Solana is tailing broader crypto market trends while battling concerns about repeated network outages and centralization.

Read this article to know why El Salvador and the Central African Republic (CAR) have adopted Bitcoin as a legal tender.

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