So, I've been thinking about this for a moment.. if healthcare institutions could interoperate their data with a central repository instead of with other institutions, also allowing patients to claim their data – both parts receiving rewards on a native token for committing data to the network – maybe we could solve a huge part…
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Polkadot continues to face downtrend on its chart as broader market strength also remained low. Over the last 24 hours, DOT lost close to 8% of its market value invalidating weekly gains that DOT secured. Technical outlook for the coin indicated bearish price action. In accordance with the same, it is likely that the coin might not be able to hold itself above the $6 support level. The coin has been witnessing stiff resistance at the $7.20 mark. Only if the coin manages to trade above $7.20 for a considerable period of time, the bulls could be back. On the developmental front, Polkadot is introducing a new on chain governance model. Gavin Wood, Polkadot founder announced about the on chain governance model as a part of the Polkadot Decoded 2022 conference. The primary goal of this new governance model is to ramp up the number of collective decisions the governance structure is able to make. The newest development is yet to have any positive effect on the price of the altcoin. Polkadot Price Analysis: One Day Chart DOT was trading at $6.76 at the time of writing. The nearest support line for the coin is at $6. The sellers have taken over so the coin can soon slip below the aforementioned price level. Fall below the $6 support level will make DOT hit a new low this year, the coin might trade near the $4.20 support line. Overhead resistance stood at $7.20, the coin has struggled to move past that level over the last few days. If DOT registers a price correction and manages to move past the $7.20 level then DOT could manage to touch the $8.70 resistance mark. Volume of DOT traded fell significantly indicating bearishness on the chart. Technical Analysis Buyers have exited the market as DOT turned substantially bearish over the last few days. Buying strength continued to remain choppy, despite the buying strength showing recovery, as price slipped so did the buying strength. The Relative Strength Index was beneath the half-line suggesting that sellers outnumbered buyers and that price would continue on a downtrend. On the 20-SMA, the coin was below the 20-SMA line which suggested that sellers had taken over the price momentum in the market. Related Reading | Ethereum Keeps Sliding Down, Will The Support Line of $1,100 Break? In accordance to the increased selling pressure, the coin had flashed sell signals on the chart. Awesome Oscillator is responsible for depicting price trends and reversals in the same. The indicator formed red signal bars which are tied to sell signal for the coin. Bollinger Bands portray the price volatility in the market. Bollinger Bands were heavily narrowed which meant that there would be an explosive price action over the next trading sessions. Going by the technical outlook, it could be possible that the coin might break the support level and trade at a new low. Related Reading | Bitcoin Records Worst Performance For June, Will It Get Better From Here? Featured image from Currency.com, chart from TradingView.com
So about an hour and a half ago a user posted about Coinbase being insolvent and having trouble withdrawing their funds, recommended transferring everything out of Coinbase. Whether this was FUD or a prophecy that will be proven truthful can only be confirmed with time, but it did get me thinking. Can somebody use this…
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Even a small adoption of the reward token could see up to $300 million used to fund environmental initiatives and provide clubs with funding to benefit the community.
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the Netherlands. Coinbase Expanding in Europe Coinbase Global Inc. (Nasdaq: COIN) is reportedly planning to expand operations in Europe, Bloomberg reported Wednesday, citing an interview […]
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