Category: Cryptocurrency News

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Carbon markets turn CO2 emissions into a commodity or tradable asset by giving it a price. Blockchain and smart contracts will improve those markets.

Between these three penny tokens, which would you choose and why? AMP is the native token of the Flexa network used for payment transactions. However both Harmony (ONE) and Nervos Network (CKB) are their own blockchain looking to be alternatives to ETH, Polygon, Cardano, etc. In my opinion all three will do extremely well in…
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Kyber Network and BitTorrent have announced the integration of KyberSwap with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately. The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease of use, security, and multi-chain […]

People can have a better knowledge of the Metaverse and Web3 by learning how to utilize Minecraft.

Banxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency (CBDC), the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before the Mexican Senate and added that the new currency should fulfill the three traits of money […]

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I'm still fairly new to Crypto, only bought some BTC and ETH and the rest I have mined using my GPU on a solar grid, I have mostly mined alt coins via Unmineable and stake them on Binance for se monthly return. Should I exchange these coins for BTC and ETH or leave them for…
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Solana depreciated by almost 6% over the last 24 hours as the broader market started to get choppy. Bitcoin was seen trading below the $40,000 mark while Ethereum broke the support level of $3,000. The global market currency cap stood at $1.94 Trillion after a fall of 6% over the past day. Solana had depicted considerable recovery on charts as it broke subsequent price ceilings over the past week. The coin had managed to revisit the $110 level which the coin hovered near thrice in the past week or so. Following the recent dip, buyers decided to exit the market as the coin witnessed a sell-off as seen on the four-hour chart. Solana Price Analysis: Four Hour Chart Solana was priced at $100 at the time of writing. The altcoin lost close to 6% of its value over the last 24 hours. SOL had noted a sharp recovery on the 18th of April and it challenged its resistance mark of $110. At press time, SOL was aiming for its nearest support level of $96. The coin was trading in a descending trendline, which signifies that SOL could continue in its downward trajectory. From the four-hour chart, it signalled that Solana was undergoing a price correction. If the bears continue to exert dominance, Solana would immediately fall by 4%. A fall from the $96 price level would push prices to $87 and then finally undergo a depreciation of 18% and land at $80. Trading volume had dipped but was in the green, which could also mean that buying pressure was increasing at the time of writing. Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes Technical Analysis Solana had experienced a bout of buying pressure when the coin soared on April 18th. At the time of writing, the coin witnessed a surplus of sellers. On the Relative Strength Index, the indicator was seen below the the half-line which is indicative of increased selling strength, however there was a slight uptick on the RSI. This uptick could mean that buying strength would pick up over the next trading sessions. On the 20-SMA, SOL was placed underneath the 20-SMA line. This referred to sellers driving the price momentum in the market. Solana was on a continued price correction as seen from the above chart. MACD which is responsible for determining the market momentum indicated bearishness in the market. On the aforementioned indicator, the coin displayed a bearish crossover at the time of writing. It also displayed small red histograms which signified that SOL would continue on a negative price action. Investing in Solana at the moment doesn’t seem to be a wise decision. For the coin to see some respite, it had to break above the $110 price mark and trade over it for a considerable period of time. The Parabolic SAR which determines a stop-loss order, has demonstrated dotted lines above the price candlesticks which is synonymous to a negative price movement. Related Reading | Bitcoin Under Pressure Near $40K, Here Are 2 Reasons Why That Could Change Soon Featured image from Unsplash.com, charts from TradingView.com

Regardless of who wins the presidency, France is unlikely to deviate from the pan-European regulatory approach.