I’ve been buying small amounts of ETH for the entire bear market. I’ve only accumulated what I can afford, so not a ton. Recently got a pretty nice bonus from work and thinking of investing some of it, and I’m looking real hard at going all in on ETH because of the upcoming merge. All…
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>Obligatory apologies for the incoming grammar mistakes you may find while scrolling down this post, English is not my first language. Thanks! The first event happened in Jan 23, 2022 when Hayden Adams, CEO and founder of the popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut…
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I noticed over the last couple of years since I track cryptocurrency in more detail that there is a rather large group of old school Bitcoin investors and hardcore fanatics that have a very low opinion on every other coin that exists beside Bitcoin and many of them treat these coins as ultimative shitcoins no…
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Good morning / afternoon / nights everyone. I'm writing this because of the huge rage that lies in the air since the TC censorship came up, only incresing with the arrest of a innocent man, that has everyone one of us (DeFi believers) pissed off. I want to share my main point of view on…
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Just as the Ethereum Merge is inching closer and ETH is pumping a lot due to the hype many are once again starting to compare Ethereum to Bitcoin and talk about "The Flippening". Why? Probably just because they are two OG cryptos and by far the most safe ones. There is literally no other similarity…
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The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project. As a result of the “Merge” sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders. Related Reading: Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in transactions. (Data feeds from Binance) Axie Infinity (AXS) Price Analysis On The Weekly Chart From the chart, the price of AXS saw a weekly low of around $14.2, which bounced from that area and rallied to a price of $18. The price has built more momentum as it faces resistance at $19.3. If the price of AXS on the weekly chart continues with this structure, it could quickly revisit $18, acting as a good support area for buy bids. Weekly resistance for the price of AXS – $19.3. Weekly support for the price of AXS – $14. Price Analysis Of AXS On The Daily (1D) Chart The price of AXS found strong support at around $17.5, which seems to be an area of interest on the daily chart. AXS bounced from its support and has rallied as it faces resistance at $19.3. The price of AXS has continued to range in a channel; breaking out of this channel could send the price of AXS to $28. At the point of writing, the price of AXS is $19.27, above the 50 Exponential Moving Average (EMA) with a price of $17.5. If the price of AXS holds the support of $17.5 successfully, we could see the price trending higher with a successful breakout of the channel; if the price of AXS gets rejected, $17.5, which corresponds with 50 EMA, will be good support for buys. The Relative Strength Index (RSI) for the price of AXS on the daily chart is above 55, indicating healthy buy bids for AXS. Daily (1D) resistance for AXS price – $19.3. Daily (1D) support for AXS price – $17.5. Price Analysis OF AXS On The Four-Hourly (4H) Chart The price of AXS has continued to range in a channel having resistance at $19.3. AXS is trading above the 50 and 200 EMA with prices of $18.4 and $17.3, acting as its support on the 4H chart should the price of AXS gets rejected due to the weekend sell-off. If the price of AXS holds above the support of 18.4 with the good volume, we could see prices trending and breaking out of the range channel. If AXS experiences a sell-off, 50 and 200 EMA prices would support AXS prices. Four-Hourly (4H) resistance for AXS price – $19.3. Four-Hourly (4H) support for AXS price – $18.4, $17.3. Related Reading: Ethereum Sees Setback After Breaking $2k, But Price Likely to Maintain Upward Trajectory Featured image from Coin News, Charts from TradingView.com
Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost […]
This is something I've been mulling over a long time and it seems timely to have a discussion about it. Why are smart contract frontends still websites? Why haven't we moved past this? There are multiple pressing reasons for moving towards trustless frontends: Developers may be compelled to limit access to their own DApps, pushing…
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