For all you meme coin fanboys and girls, hearing shiba and Doge being accepted by tesla must be music to your ears. You probably are all praising Elon and worshipping him right now. Well in case you don’t realise, this same Elon is the one who is fighting against paying his fair share of taxes.…
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Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180 Million […]
Ethereum failed to test $4,500 and corrected lower against the US Dollar. ETH is trading above $4,150 and it might attempt a fresh increase in the near term. Ethereum started a downside correction below the $4,320 and $4,250 levels. The price is now trading below $4,300 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,150 support zone. Ethereum Price Eyes Fresh Increase Ethereum failed to settle above $4,400 level and started a fresh decline. ETH price declined below the $4,320 support level to move into a short-term bearish zone. There was also a break below $4,250 and the 100 hourly simple moving average. However, the bulls appeared near the $4,150 support zone. A low is formed near $4,152 and the pair is now recovering losses. It cleared the $4,200 resistance zone. Ether is now trading above the 23.6% Fib retracement level of the recent decline from the $4,393 high to $4,152 low. An initial resistance on the upside is near the $4,250 level. The 50% Fib retracement level of the recent decline from the $4,393 high to $4,152 low is near the $4,270 level. The 100 hourly SMA is also near the $4,270 level. The next major resistance is near the $4,300 level. There is also a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com A close above the $4,300 level could spark a sharp increase in the near term. In the stated case, the price might rise towards the $4,400 level. Any more gains could lift the price towards the next key hurdle at $4,550. Dips Limited in ETH? If ethereum fails to continue higher above the $4,300 and $4,320 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,200 level. The first key support is now forming near the $4,150 level and the recent low. A downside break below the $4,150 support might push the price below the $4,100 support. The next key support is near $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $4,150 Major Resistance Level – $4,300
We hear and read about small cryptos and tokenized projects exploding over night, and many never hear of them weeks, days and hours before they got their success. We often wonder where these coins come from, and how many people don’t hear about them until they are mainstream. We’ll take a look at a few mid-cap cryptos that are on the radar, but have potential to become mainstays: No Need To Fear, The Underdogs Are Here Vechain Market cap: ~$11.29B VeChain is a blockchain platform designed to enhance supply chain management and business processes. It’s goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT). Vechain was founded in 2015 by Sunny Lu, the former chief information officer of Louis Vuitton China. The platform started as a subsidiary of Bitse, one of China’s largest blockchain companies, and is among the few blockchains that already have a substantial customer base among established companies. Vechain has recently surged into the top 25 of largest market caps amount crypto tokens. VECHAIN: vechain currently trading at $0.13 vechain-USD on TradingView.com Related Reading | GreedSwap: Super Producers Cool And Dre Help Launch New Coin & Crypto Label More Cryptos To Keep An Eye On… StormX Market cap: ~$289M StormX is a decentralized platform where online shoppers can earn crypto in shopping rewards, with $STMX being the platform’s governance token. It is also used to store value in the upcoming line of StormX Debit Cards. The Seattle-based platform has been introducing people into the world of cryptocurrencies through a unique approach. By introducing the idea of “cashback via cryptos,” online shoppers can gain gradual exposure to cryptos by earning as they shop. This allows users to earn cryptocurrencies such as Bitcoin, Ethereum, stablecoin Dai, and also StormX’s native token. Stormx has partnered with world banks and has alot to look for in the years to come. Hedara Hashgraph Market cap: ~$4.07B Hashgraph is a distributed ledger technology that some call the alternative to blockchains; the technology is currently patented, and the only authorized ledger is Hedera Hashgraph. The native cryptocurrency of the Hedera Hashgraph system is $HBAR. The Hedera Consensus Service offers applications direct access to the native speed, security, and fair ordering guarantees of the hashgraph consensus algorithm; using this service, clients can submit messages to the Hedera public ledger for time-stamping and ordering. The platform is anticipating a mainnet upgrade next week. With about 6,000 cryptos active today, it can be difficult to draw the line between meme tokens and established tokens. Additionally, projects constantly change and grows – what’s hot today isn’t by the end of the night, but this leads to new and awesome discoveries. Related Reading DRepublic Launches World’s First Combinable NFT Platform, ‘MetaCore’ Using EIP-3664
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Some of the premier figures in crypto gathered at the Waldorf Astoria, Shanghai on October 27th, 2021, to celebrate a new alliance with a mission to advance the blockchain industry. The Blockchain Infrastructure Alliance (BIA) was inaugurated with a dinner hosted by the crypto-fiat payment network, Alchemy Pay, alongside co-hosts Polygon Network, NEAR Protocol, Draper […]
Hong Kong police have reportedly been notified of the incident, with the primary suspect having filed a police report and handed a computer over to authorities.
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