Category: Cryptocurrency News

The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04.  Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Harmony (ONE) Price Analysis On The Weekly Chart From the chart, the price of ONE saw a weekly low of around $0.0168, which bounced from that area and rallied to a price of $0.02950. The price has built more momentum as it faces resistance at $0.037. If the price of ONE on the weekly chart continues with this bullish structure, it could quickly revisit  $0.037 and trend higher to $0.04. Weekly resistance for the price of ONE – $0.03. Weekly support for the price of ONE – $0.0168. Price Analysis Of ONE On The Daily (1D) Chart The price of ONE found strong support at around $0.0266, with what seems to be an area of interest on the daily chart. ONE bounced from its support and has rallied as it faces resistance at $0.04. The price of ONE ranged in an asymmetric triangle before breaking out and forming support above it. At the point of writing, the price of ONE is at $0.02960, above the 50 Exponential Moving Average (EMA) with a price of $0.0266. If the price of ONE holds the support of $0.0266 successfully, we could see the price trending higher. If the price of ONE gets rejected, $0.0266, which corresponds with 50 EMA, will be good support for buys. The Relative Strength Index (RSI) for the price of ONE on the daily chart is above 65, indicating healthy buy bids for ONE. The volume for ONE indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for ONE price – $0.04. Daily (1D) support for ONE price – $0.0266, 0.024. Price Analysis OF ONE On The Four-Hourly (4H) Chart The price of ONE has continued to maintain its bullish structure after a successful break above the asymmetric triangle and retesting to form a support.  ONE is trading above the 50 and 200 EMA with prices of $0.0258 and $0.0242 acting as its support on the 4H chart, should the price of ONE gets rejected due to the weekend sell-off. If the price of ONE holds above the support of 0.02790 with a good volume, we could see the price trending to $0.04. In case ONE experiences a sell-off, 50 and 200 EMA prices would act as support for ETH prices. Four-Hourly (4H) resistance for ONE price – $0.04. Four-Hourly (4H) support for ONE price – $0.0258, $0.0242. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype Featured image from TronWeekly, Charts from TradingView.com 

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Sometime ago I researched a bit about why Ethereum transactions are cheaper nowadays when compared with the past year. I was wondering if the Merge would have any impact on gas fee, but as I saw, it won't, since it isn't programmed to affect gas price. The common answer is "less usage either because people…
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Mt. Gox is an ancient name in crypto. To out it simple they were the biggest, by far biggest, crypto exchange in 2014 with about 80% market share. All until they pulled the rug and took the money from their users in a scam. Probably the biggest scam in crypto so far. Now 8 years…
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I see this narrative spread on this forum and elsewhere. But let's be real about what Tornado Cash is. I'm not saying that it should or shouldn't be banned. I'm saying a lot of people are spewing a lot of bullshit defending Tornado Cash. At least use arguments that make sense. Sure Tornado Cash code…
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Many people are reacting differently to the current condition of Bitcoin and the global economy. In the past two consecutive quarters, the US has posted negative GDP, leading to a rate spike by the Feds. Though some individuals are stating that there is yet no inflation, its impact is gradually manifesting. The President and CEO of Franklin Templeton, Jenny Johnson, has aired view on the current global economic condition. Johnson stated that while the financial condition is in a sad state, Bitcoin remains its best distraction. CEO Johnson related her opinions during a recent interview. She mentioned that the prevailing economic situation is acting as a disruption. Related Reading: Will Ethereum Breach $2,000 Before The Merge? In her terms, it’s the best to happen to financial providers at the moment. Though several see Bitcoin as digital gold and an asset that could create a hedge against inflation, Johnson has a different stance. To her, BTC is just consumers’ distraction from all prevailing financial problems. Also, the CEO has no belief that governments could make Bitcoin a dominant asset for foreign exchange. She said that it was beyond typical confidence for that to happen as numerous arguments would erupt. When it comes to blockchain technology, the CEO has an impressive option concerning that. She called it the sports change, stating that it will bring a positive difference possibly to all industries. Johnson maintained that Franklin Templeton still offers cryptocurrency services to its clients. Also, the company is not planning to stop such service options now. Franklin Templeton is an American multinational holding firm. It boasts several subsidiaries. It functions as a global investment company and was founded in 1947 in New York City. Global Destructive Outplay But Bitcoin Gained Momentum Over the past few years, the entire global system had a devastating impact from the spread of COVID-19. This remained one of the great world pandemics that claimed millions of people from different countries. With the invasion and effect of the pandemic came a distortion in various aspects of life, especially social life. The overall impact on the financial system was quite massive. Related Reading: Market Sentiment Shoots Up As Bitcoin Eyes $25,000 To maintain the float of the economy during the crisis, some countries central banks, especially the US Federal Reserve, printed more fiat currency. However, such a process is taking a negative pull after two years. The world is generally battling a rising inflation rate with other factors. Russia and its president, Vladimir Putin, received the blame from the Western world, pioneered by the US. They further cut off financial connections with Russia. Also, Russia has taken the top as the most sanctioned country globally. But Russia decided to make its retribute by stopping gas deliveries to some European states. Most of the states have no alternative source and have become stranded. This action conversely hiked electricity costs, leading to an increase in price for all goods. The entire outplay of events is becoming more destructive. Featured image from Pixabay, chart from TradingView.com

The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for the criminal proceeds it transferred out of the country.

Reading through this subreddit I often stumble on the term 'red Monday' and 'dildo Sunday'… It seems that there is a prevelant opinion that during weekdays the crypto market is pumping while dumping on weekends. The current mantra is buy when it's low and sell before it dumps, right? Strategy: Therefore I simulated the following…
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