While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact that it has […]
submitted by /u/ricardoga21 [link] [comments]
submitted by /u/bpreeb [link] [comments]
submitted by /u/Inside_Mortgage9813 [link] [comments]
Ethereum recovered losses and climbed above $4,700 against the US Dollar. ETH must clear the $4,850 resistance for a move towards the $5,000 level. Ethereum started a fresh increase above the $4,650 and $4,700 levels. The price is now trading above $4,700 and the 100 hourly simple moving average. There is a key rising channel forming with support near $4,735 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,650 support zone. Ethereum Price Eyes More Upsides Ethereum found support near the $4,450 level after a sharp decline. ETH price formed a base and started a fresh increase above the $4,600 resistance. The price was able to clear the 61.8% Fib retracement level of the last key decline from the $4,865 high to $4,452 low. There was a break above the $4,650 and $4,700 resistance levels. Ether price is now trading above $4,700 and the 100 hourly simple moving average. Besides, there is a key rising channel forming with support near $4,735 on the hourly chart of ETH/USD. An initial resistance on the upside is near the $4,800 level. Source: ETHUSD on TradingView.com The next major resistance is near the $4,850 level. A close above the $4,850 level could spark a sharp increase in the near term. In the stated case, the price might rise towards the $5,000 level. Any more gains could lift the price towards the next key hurdle at $5,200. Dips Limited in ETH? If ethereum fails to continue higher above the $4,800 and $4,850 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,720 level. The first key support is now forming near the $4,700 level and the channel trend line. A downside break below the $4,700 support might push the price below the $4,650 support. The next key support is near $4,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $4,650 Major Resistance Level – $4,850
2021 was a great year for majority of the market, most of the cryptocurrencies pumped alot. Some even did 100x and still pumping to this day. There were some disappointing coins as well which had many expectations but failed. Then there were some coins/tokens which literally didn't pump on it's own but got dragged upward…
Read more
OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token economics. […]
The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind.
The digital metaverse band KINGSHIP will include four cartoon members from the Bored Ape Yacht Club NFT collection, and share the same manager as Snoop Dogg.
submitted by /u/VanitaLafontant [link] [comments]
