The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol’s treasury; developers are also concerned that the integration creates security risks.
I know it depends and one alt that pulls a shiba could mean a small amount. I guess I’m just figuring a general BTC ETH type investment and maybe other higher ranked Alts… Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in…
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Yes, Vitalik created Ethereum for people to build anything on it. Ethereum is completely decentralized so no one can tell you what to build, what to invest in and what to support over all. Decentralization means you can literally do anything you want as long as it’s within the blockchain’s reach. But that doesn’t automatically…
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Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process. […]
The status quo sees a challenge from U.S.-China tensions as key levels remain in play for bulls.
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Bitcoin has been slowing down on its bullish momentum after crossing the barrier at $22,000 and $23,000. The cryptocurrency still holds some of its gains from last week but might be poised for a re-test of lower levels. At the time of writing, BTC’s price trades at $22,900 with a 2% loss in the last 24 hours and an 8% profit over the past week. This Bitcoin Bear Market Might Not Be Like 2020 Crypto market participants seem to be in pursuit of a quick and persistent uptrend, like the one seen in 2020. At that time, BTC’s price drop to a low of $3,000 and then began an ascend to its current all-time highs. However, trading firm QCP Capital believes the price of Bitcoin and other large cryptocurrencies might see more sideways movement and downside pressure before reclaiming lost territory. This price action might be more like the 2018 bear market. The firm believes BTC’s price will benefit during Q3, 2022. During this period, the cryptocurrency might attempt to reclaim higher levels, but with a potential to break above critical resistance areas capped by increased selling pressure from the Bitcoin mining sector and crypto companies suffering due to the bearish trend. BTC’s price action might continue to operate on uncertain grounds with “choppy moves” with an alternative narrative between bullish and bearish with a critical resistance at $28,700 to the upside and critical support at $10,000 to the downside. The latter matches the 85% crash that BTC’s price experienced during the 2018 bear market. Crypto Recovery Will Be Slow But Spells Long-Term Bullishness In 2017 when the price of Bitcoin reached its previous all-time high at $20,000, the crypto market followed with a massive rally. By 2018, the sector entered a multi-year bear market with the price of major cryptocurrencies losing over 80% of their value taking down trading liquidity with it. QCP Capital believes the sector has entered a new age of more maturity and resilience. The current downside selling pressure has seen high liquidity in a robust environment with less volatility across large cryptocurrencies. In addition, institutional interest in Bitcoin and Ethereum has been persistent despite the downside price action. In fact, QCP records an increase in “both trading and investments” from these entities. In the long term, this resilience in the face of high inflation and a hawkish Federal Reserve will translate into a massive rally. The trading firm compared the potential growth of the crypto ecosystem, for the decentralized finance sector, with the Nasdaq 100. As seen below, the crypto sector has been following the initial years of the Index and might trend lower over the coming years before it finally reaches global adoption. Over the next decade that suggests: (…) that the future will be a crypto-dominated one. The same way every company in the world today is, to some degree, an internet company. We believe in a 5-10 years from now, every company will be, in some way, a crypto company.
Avalanche (AVAX) price lingers further in the red. The coin price is extremely bearish showing a downward trend indicating a pessimistic market forecast. Consequently, the AVAX/USD pair is fronting a resistance spotted at $25.15 and support seen at $23.18. As of this writing, the AVAX/USD pair dipped to a new low that registered at $23.33 following a bearish overturn. Even though the token has spotted support at $23.18, the bulls are unable to thrust the price higher. Avalanche Price Down By 5.70% Overnight Currently, the AVAX/USD pair is experiencing resistance at around $25.15. More so, the pair is seen to plunge further in the coming days. The price has nosedived by 5.70% overnight with its market cap now at $6,638,597,842. Further, the coin’s 24-hour trading volume registered at $536 million. On a 24-hour chart, the market is seen to be experiencing rejections spotted at $25.15 following a consolidation period. The prices also appeared stuck in the range of $23.18 to $25.15. Meanwhile, it’s likely that the market will go up once the coin breaches above the range. With that being said, investors should keep an eye on a breach that will punch through the resistance level of $25.15 or a break below the support line of $23.18 that enable entry into new positions. The pair shows an RSI of 52.63 and is currently fighting off resistance imminent at the $25.15 zone. It could be hovering over the overbought levels which show a short-term bearish momentum. The technical indicators show that the market is experiencing a bearish movement and a potential breach that shoots over $25.15 could lead to an increase in prices. AVAX/USD Pair Dipped In Bearish Waters The AVAX/USD pair’s MACD or Moving Average Convergence Divergence is swimming in bearish waters which translates to a bearish market. Moreover, the Bollinger Bands appear to swing close to one another indicating that the market is tipping on a consolidation rock. Further, the 4-hour price chart for AVAX price reveals that the market is dreadfully bearish. In fact, prices have dropped tremendously as seen in the past couple of days as it feels like the coin is in a limbo state. The decrease in AVAX volume also indicates the waning of investor interest and could nosedive in the short term. The critical support level for the AVAX/USD pair is at $23 and it’s likely that the market will slide further down to this level. In general, AVAX price is showing a complete drop that will continue to bottom out in the short term. AVAX total market cap at $6.4 billion on the daily chart | Source: TradingView.com Featured image from The Daily Hodl, chart from TradingView.com
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