fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje.
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje.
To properly regulate DeFi, we must first determine whether these protocols are actually decentralized, according to Eva Kaili.
I get it GME and Loopring are both memes yada yada yada, but there is a perfect storm brewing: Inflation is running rampant, markets are collapsing, banks have super high interest rates, and in general, there seems to be a general distrust in the established authority, who time and time we have watched bail out…
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After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder of a payment firm called CHAI. After Shin left […]
Industry experts share insights and commentary with Cointelegraph on the first day of the Blockchain Hub 2022 conference in Davos, Switzerland.
On-chain data shows the Bitcoin taker buy/sell ratio is now approaching a crossover with the “1” level, a sign that could be bullish for the crypto’s price. Bitcoin Taker Buy/Sell Ratio Observes Rise, Almost Reaches A Value Of 1 As explained by an analyst in a CryptoQuant post, signs may suggest that a local top could soon be coming for the crypto. The “taker buy/sell ratio” is an indicator that measures the ratio between the Bitcoin long volume and the short volume. When the value of the metric is greater than one, it means the taker buy volume is higher than the sell volume right now. This trend indicates that a bullish sentiment is dominant in the market at the moment. Related Reading | Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon? On the other hand, the ratio being below one implies the majority sentiment is bearish currently as taker sell volume is more than the long volume. Now, here is a chart that shows the trend in the Bitcoin taker buy/sell ratio over the last few months: The value of the indicator seems to have observed a surge recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin taker buy/sell ratio has been rising over the past month and is now approaching a crossover with the “1” level. In the past, an increase in the indicator’s value above this line has usually been a bullish signal for the crypto’s price. Related Reading | Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000 The quant also points out that the volume has been going up and is about to cross above a positive value. The below chart shows this trend. Looks like the BTC volume has been going up in recent weeks | Source: CryptoQuant The analyst believes that these two trends together (if they continue on and the respective crosses take place) may indicate that the price of Bitcoin could see an increase soon and form a local top. BTC Price At the time of writing, Bitcoin’s price floats around $30.3k, up 2% in the last seven days. Over the past month, the crypto has lost 24% in value. The below chart shows the trend in the price of the coin over the last five days. The price of the crypto looks to have observed a rise over the last couple of days | Source: BTCUSD on TradingView Bitcoin seems to have gained some footing above the $30k level in the past two days, but the coin has still been stuck in an overall trend of consolidation for a couple of weeks now. At the moment, it’s unclear when the coin may escape this rangebound market and show some real price movement. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal.
Hi! I am a student at Cal Poly doing research into MetaMask, so I created a survey to find out more about the people using MetaMask. Any help, feedback, or advice would be greatly appreciated. Survey link: https://calpolyocob.co1.qualtrics.com/jfe/form/SV_6Kz9dlZswp4EnVs Thank you! submitted by /u/jaketisdale [link] [comments]
I hate having to say this but it is true. One of the many reasons people hate crypto is the community itself. I would rather spend one week watching r/animemes than spending one hour looking at crypto twitter. And im not talking only about ape pfps being, well, ape pfps; im talking about the cringe…
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