Category: Cryptocurrency News

While IOHK admitted the news was disappointing, the firm stated it is taking an “abundance of caution” to ensure the Vasil upgrade is implemented correctly.

Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows sharply,” they explained. Goldman Sachs on Increased Risk of Recession Goldman Sachs’ economists, […]

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XRP was consolidating between $0.24 and $0.33 for the last one week. The altcoin registered an upside over the last 24 hours. XRP registered demand which caused the coin to witness recovery on its chart. The cryptocurrency market also registered an overall rise in prices as buyers were slowly re-entering the market. The broader market despite increase in price is still in a fragile, hence it is difficult to ascertain whether XRP will continue its bullish stride in the long term. At the current moment, XRP has secured the support level of $0.30. As price of XRP has constantly seen downfalls, it is quite natural that the coin might continue to witness relief rallies. These rallies however, are brief and fade out soon. If XRP doesn’t continue to form higher highs then bullish trend might not be able to sustain the bulls in the market. The global cryptocurrency market cap today is $958 Billion with a positive increase of 0.1%  in the last 24 hours. XRP Price Analysis: Four Hour Chart The altcoin touched yearly lows on it chart this month as the bloodbath continued to extend. At the time of writing, the coin was trading for $0.33. The price previously displayed consolidation as XRP traded between the $0.24 and $0.31 levels respectively. Over the last 24 hours, the coin moved past the range and was priced at $0.33. The local support for the coin stood at $0.30 while the overhead resistance for XRP was at $0.38. The $0.38 level has acted as stiff resistance as the coin barely managed to move above that aforementioned price level in weeks now. Volume of XRP traded rose significantly and the bar was in the red, this however, pointed towards bearishness in the market. Technical Analysis The coin flashed a considerable increase in buying strength, this has in return pushed the price north. The Relative Strength Index was seen above the 50-mark which is a sign of buying strength in the market. The technical outlook has painted a bullish picture but RSI over the last 48 hours, have seen dips which points towards fragile buying strength. If XRP has to trade in the north, then the coin has to shoot above the $0.50 mark. For this however, the buying strength has to remain consistent. In accordance to the same, the price of XRP was above the 20-SMA, this meant that buyers were driving the price momentum in the market. Related Reading | XRP Consolidates, Is It Going To Retrace Now? The Awesome Oscillator depicts the price direction and price reversal too. The indicator flashed green histograms which act as a buy signal. The effects of the buy signal reflected on the RSI as seen on the previous chart. Chaikin Money Flow also was positive on the smaller time frame. This indicator points towards capital inflows and outflows. On the four hour chart, CMF showed increase in capital inflows and fall in capital outflows. Despite bullish signals on the charts, the altcoin was still fragile. Buying strength needs to remain stable and only then with considerable demand can the altcoin remain above the bearish zone. Related Reading | Bitcoin Back At $21K After 75% Drop, Where Does It Go From Here? Featured image from UnSplash, chart from TradingView.com

Don't get me wrong I'm not saying you can't make money in it or that there are potential legitimate uses for it. But I think stuff that people like Michael Saylor try to sell about Bitcoin is total bs. You'd think you're listening to a religious pastor when you hear him spread pretentious ideas about…
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I've been noticing this for a while: but everyone in tech who doesn't work in the blockchain industry seems to be critical of the tech. Yet when you read their critiques they fail to touch on anything that the tech is being used for. For example someone could say: 'look at escrow contracts. Why bother…
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Think of all the people you know in RL that are into Crypto, what % of them are women? It’s probably a very low percentage.. why is that? We spend a lot of time talking about mass adoption, but idk if I’ve heard many people comment on this topic, which to me, is a super…
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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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Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover bid, and the likelihood of a near-term U.S. recession. Elon Musk on Crypto Investing Tesla CEO Elon Musk shared his thoughts on a wide […]

-Sorry, not sure if this post is allowed- First time I've sold an NFT. Seems like I haven't received anything even though the transaction was a success. Tx here: https://etherscan.io/tx/0xfbb917c23d3d8f7521b1455dbbd681f0d0c8fc7f2d6ebc9852be3537fec743e8 Sold on OpenSea, using Coinbase Wallet Any help would be great, because it feels like I just lost 3.5 ETH submitted by /u/Spiffings…
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