Algorand becomes first US blockchain sponsor of FIFA World Cup
The proof-of-stake blockchain will assist FIFA in developing a “digital assets’ strategy” along with providing an official “wallet solution”.
The proof-of-stake blockchain will assist FIFA in developing a “digital assets’ strategy” along with providing an official “wallet solution”.
Ethereum started a recovery wave above the $2,820 level against the US Dollar. ETH must clear the $2,920 resistance to start a steady upward move. Ethereum started a short-term upside correction above the $2,780 and $2,800 levels. The price is now trading above $2,820 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,885 and $2,920 resistance levels to continue higher. Ethereum Price Faces Hurdles Ethereum formed a base above the $2,750 level and started a recovery wave. ETH was able to climb above the $2,780 and $2,800 levels. There was a clear move above the 50% Fib retracement level of the main drop from the $2,980 swing high to $2,720 low. There is also a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD. Ether price is now trading above $2,820 and the 100 hourly simple moving average. However, the bears are active above the $2,880 level. On the upside, an initial resistance is seen near the $2,880 level. It is near the 61.8% Fib retracement level of the main drop from the $2,980 swing high to $2,720 low. Source: ETHUSD on TradingView.com The next major resistance is near the $2,920 level. A clear move above the $2,920 resistance might start a steady upward move. In the stated case, ether price might rise towards the $2,980 high. Any more gains may perhaps send the price towards the $3,050 resistance in the near term. Another Decline in ETH? If ethereum fails to gain pace above the $2,920 resistance, it could start another decline. An initial support on the downside is near the $2,820 zone. The channel support is also near the $2,820 zone. If there is a downside break below the $2,820 support, the price could gain bearish momentum. The next major support is near the $2,760, below which the price could revisit the $2,720 zone. Any more losses may perhaps open the doors for a larger decline towards the $2,550 level or even $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $2,820 Major Resistance Level – $2,920
PRESS RELEASE. Singapore, May 3, 2022 – NFTs have disrupted the gaming industry with their unique benefits. It has been gaining popularity as many have welcomed the advent of play-to-earn (P2E) for considerable rewards, with also disquiet over the unwelcome intrusion of commerce into the escapist world of gaming. Web3 games are supposed to consist […]
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Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans.
Okay now that grievances has mostly been aired, and the cronos ecosystem has somewhat found it’s support line and MMF have started to recover, I have been doing some digging and talking with trusted sources. Grab your popcorn and read on. Crypto.com has always been focused on growth- be it sustainably or not and their…
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The king of cryptocurrency, Bitcoin, has slumped below its price support following crucial development on EPA environmental issues and other factors. Bitcoin price is now at $38,832.74 as of this writing. Now, many bitcoin experts are worried that Bitcoin’s price could plummet further as it struggles to hold onto the $38,000 price level. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% Profit-Taking Culprit For Bitcoin Slump More so, profit-taking may have some impact on why Bitcoin is straining to breach the $40,000 mark. Support at the $38,000 level could also be holding as triggered by the buy-the-dip sentiment. Santiment, a cryptocurrency data feed for investors, has tracked an increase in BTC in-profit transactions. The count has ramped up fast over the last two weeks which were all classified as selling. That being said, the BTC market price may not speedily recover unless traders put a stop to selling. Bitcoin has been trading below $40,000 over the past week. The low volumes can be disheartening to crypto traders and investors. BTC total market cap at $731.71 billion on the daily chart | Source: TradingView.com Additionally, Bitcoin has also suffered a massive drop on Sunday yet has recovered the following day. So, in the last 24 hours, the price has climbed and bounced back by 2.7%. ZebPay analysts said the top currency has glided down at $38,750 with a 61.8% Fibonacci Retracement Level and consequently dipped to $37,386. Bitcoin has had multiple supports at around $37,300 which already happened in the past, so it’s psychologically adapting and displaying the same trend. RSI Showing Positive Divergence As the crypto’s relative strength index hits the long-term trendline, BTC was rejected three times. In order to improve the BTC market price, the trendline needs to break. BTC has technically formed this falling wedge pattern but luckily the RSI showed positive divergence. Bitcoin has dropped to over 20% over the past month. Now, movements of this type can trigger flush-outs in the futures market also causing tremendous reductions in the open interest. The problem lies with the open interest not going down significantly with the current downtrend happening. It still remains a bit higher compared to March 2022 when the most sought after crypto was trading relatively at the same prices. Suggested Reading | Analysts Predict ApeCoin To Hit $50 By End Of 2025 – And $100 By 2030 So, if the price is able to close and is sustained over the wedge resistance line then an increase is expected of up to $41k to $41.5k levels. However, a close or a break happening below the support will be tantamount to Bitcoin further slipping and the prices can also go down to $37k – $35k levels. If the price breaks at these levels, expect immense liquidation and price drops, considering the high open interest in contrast to the market cap. Now, the $37K level is a critical area to watch out for in the next couple of days, because it can greatly impact the market trend in the short term. Featured image from Pixabay, chart from TradingView.com
What is the best place I can take a loan against my eth holdings? Ideally the loan would be in a stablecoin. Also what would the interest rates be? Please give me your thoughts submitted by /u/jeux99 [link] [comments]
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