FujiDAO, a loan aggregator platform that identifies the best rates on multiple blockchain protocols, announced today it has expanded its capabilities across chains thanks to its integration with Connext. With Connext, developers have access to trust-minimized cross-chain communication to make blockchains composable. The Connext Bridge application is a built on top of Connext’s nxtp protocol.…
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The firm, whose data centers are located in the United States, generated $40 million in sales last year.
As the title says, I will soon be responsible for managing a Solo-Stake investment of a few million in Ethereum for the company I work at. I’m a rather new employee but by far the youngest with no else having any technical expertise, me included. The company has had a large investment in Ethereum for…
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I just received an email from INFURA, promoting the website https://convert-ethereum.org/en/convert/#convert Quote from the website "The Ethereum Foundation has decided to pay upfront, increased conversion rewards for participating. To incentivize participants to convert more and reach the goal sooner, The Foundation is guaranteeing 25% APY for the next 12 months. The amount is fully paid…
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Ethereum has been experiencing a slowdown in its bullish momentum over the weekend. The cryptocurrency managed to break the critical resistance at $1,700 but could re-test previous support levels before reclaiming higher levels. According to Wu Blockchain, Ethereum recently surpassed Bitcoin in terms of Open Interest (OI) for options contracts. This metric stands at $5.6 billion as opposed to BTC’s $4.3 billion. For the first time since the inception of these products, ETH’s price beat BTC’s open interest. As Wu Blockchain noted, most of the OI recorded for Ethereum option contracts are calls (buy) concentrated on September 30 and December 30. Both of these dates are post-merge, a highly expected event for Ethereum. “The Merge” has been tentatively set for mainnet by September 9th. This event will complete ETH migration from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus. Players in the options market seem to be positioned to the upside or hedging potentially short positions with other investment products. A Different Perspective On The Price Of Ethereum Data from Material Indicators accurately predicted the short-term selling pressure with the potential for an increase in volatility on yesterday’s essential daily, weekly, and monthly candle close. These events often promote sudden moves in an asset’s price. As seen below, Material Indicators’ Trend Precognition Indicator flashed a short signal at yesterday’s daily close. This suggested that Ethereum had a high chance of trending to the downside. This short-term selling pressure coincided with technical resistance at the 100-day moving average (DMA). This level swelled with an increase in asks orders as the price of Ethereum trended to the upside over the past two days. At the time of writing, ETH’s price still records $13 million in asks (sell) orders at $1,700. This suggests that this level will continue to operate as critical resistance for the time being. This shift in momentum for ETH’s price, as supported by Material Indicator’s trend precognition and asks liquidity, might translate into more persistent downside price action. As seen below, these analysts presented a possible bearish scenario for Ethereum for the coming months. The fractal or price forecast below shows ETH’s price might trend downwards until at least October 2022. These models are highly unpredictable but it could provide traders with clarity about the price direction in high time frames. On the latter, analysts from Material Indicators said the following highlighting how this data provides a different take on the current ETH’s price narrative away from the migration to a PoS consensus: I don’t recommend trading fractals or taking them too literally as they can deviate in both price range and time or invalidate anytime. That said… All of the above elements paint a very compelling story for #ETH based purely on algos and TA without any of the POW (Proof-of-Work) – > POS (Proof-of-Stake) chatter
“I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint,” said New York Attorney General Letitia James.
Apecoin was trading close to a two-month high on Monday, despite crypto prices mainly being in the red to start the week. Global crypto markets are currently down around 2% as of writing. Despite this, filecoin continued its own surge, with prices of the token up nearly 70% in the last seven days. Filecoin (FIL) […]
The bulls are gaining dominance in the market with Solana generating gains of 5.14% or currently at 0.001863 SOL/BTC. The SOL price is pulled mostly by the bulls with a slight tug coming from the bears. With these gripping forces, the SOL price is stuck. Currently, the bulls are relentlessly pushing the price closer to SOL’s resistance level. The bulls are putting in tremendous efforts to punch in a breach or else the bears will consolidate and ruin their efforts to register a breakout. With the low price, it’s now a huge wall to breach for the bulls waiting for that breakout. SOL Currently Trades At $41.6 Currently, the SOL coin trades at $41.6, with a remarkable gain of 5.26% in market cap in the past 24 hours. SOL currently has a trading volume reaching 1.8 billion, registering traction or an increase of 0.64%, and a total market capitalization of 15 billion seen overnight. Currently, SOL is moving up in both the daily and hourly price charts. This proves the point that the bulls are dominating the scene. MACD and other technical indicators show a negative trend but now with SOL’s bullish movement, the MACD line glides up and over the MACD signal line. RSI which is close to 60 is also getting stronger, especially with the increase in buying activity. The SOL price is currently a support line of 30.96 and a resistance of $47.6 seen in the daily price chart. With that being said, the bulls must push harder for a breach, or else the bears will jump at the first opportunity they see to punch a breakdown. Solana Price Indicators Show Bullish Curve The technical indicators are getting stronger and showing a bullish formation. Solana price is showing up from a bullish standpoint. Price tweak and improvements were noted as it was able to peak at $42.6 once again. The price experienced corrections in the second half seeing a bearish trend. But, SOL was seen to recover the past couple of days but it seems the bearish pressure was able to set foot on the market. Despite the price increase, the bearish pressure is still imminent. The SOL price analysis reveals that the bulls are gaining traction despite the selling pressure as it was able to bounce back to $42.6. SOL price is performing better and in a way, better position compared to previous levels as it generated over 11.37% in value seen in the past few days. Moreover, SOL trading volume has also reduced by as much as 35% seen overnight which triggered a market dominance showing at 1.36% for SOL. SOL total market cap at $14.3 billion on the daily chart | Source: TradingView.com Featured image from TheNewsCrypto, chart from TradingView.com
I like the idea of owning my own money. I think stablecoins more or less have this covered. When people say tokenomics, it seem to mean how likely is this coin price to dump or pump: is it stakeable (less sell pressure from retail investor) what is the vesting period (what is the sell pressure…
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