Okay Bears, a Solana-powered NFT topped OpenSea’s 24-hour sales charts on Thursday, whilst a South African fine-wine NFT auction takes off netting raising more than $180,000.
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies and stepping up efforts to issue central bank digital […]
Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites […]
Ethereum started a recovery wave above the $2,840 level against the US Dollar. ETH is now facing a major challenge near $2,905 and the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,840 and $2,850 levels. The price is still below $2,900 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,900 and $2,915 resistance levels to continue higher. Ethereum Price Faces Resistance Ethereum traded as low as $2,766 before it started a recovery wave. ETH was able to settle above the $2,800 resistance zone. There was a move above the $2,840 and $2,850 resistance levels. Ether even climbed above the 23.6% Fib retracement level of the key drop from the $3,040 swing high to $2,766 low. It is still below $2,900 and the 100 hourly simple moving average. On the upside, an initial resistance is seen near the $2,900 level. There is also a major bearish trend line forming with resistance near $2,900 on the hourly chart of ETH/USD. Besides, the 100 hourly simple moving average is acting as a barrier near $2,900. The next major resistance is near the $2,905 level. It is near the 50% Fib retracement level of the key drop from the $3,040 swing high to $2,766 low. A clear move above the $2,900 resistance might start another increase. Source: ETHUSD on TradingView.com The next major resistance on the upside might be $2,975. Any more gains may perhaps send the price towards the $3,030 resistance. Any more gains might send the price towards the $3,120 level. Fresh Decline in ETH? If ethereum fails to gain pace above the $2,900 resistance, it could start a downside correction. An initial support on the downside is near the $2,860 zone. The first major support is near the $2,850 level. If there is a downside break below the $2,850 support, the price could revisit the key $2,800 support zone. Any more losses may perhaps open the doors for a larger decline towards the $2,600 level or even $2,550. 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 just above the 50 level. Major Support Level – $2,850 Major Resistance Level – $2,900
The Ronin Network and Sky Marvis are significantly upgrading their security measures after they vowed to ensure a hack “never happens again.”
I'm curious why the majority of NFT focuses solely on one blockchain. I want to do a deep dive into NFT games and learn everything I can about them because I don't have much information about them right now and I don't trust crypto influencers or whatever you call them on YouTube. As far as…
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The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies. Cryptocurrency might be a perplexing subject to grasp. Many people believe the industry is untrustworthy and view investing as a gamble. Nevertheless, this fast expanding industry uses vast sums of money. Large investments may yield large returns, and 2018 has been a banner year for practically every major cryptocurrency and its supporters. Among the major cryptocurrencies, ApeCoin (APE) is making significant progress in the sphere of the metaverse. ApeCoin rose higher on Wednesday morning, increasing 7% to $19.10, taking its seven-day gain to almost 22%. This comes less than a week after Yuga Labs, creator of the Bored Ape Yacht Club, announced the opening of its Otherside Metaverse on Saturday. Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum ApeCoin Beats MANA, SAND, AXS Since then, APE has surpassed Decentraland’s MANA, The Sandbox’s SAND, and Axie Infinity’s AXS to become the largest metaverse token by market valuation. This is a significant step forward for the BAYC NFT collection in light of recent controversy surrounding its legal cases. The BAYC collection is one of the most renowned in history. There are 10,000 Bored Ape NFTs, according to the NFT market OpenSea. Crypto total market cap at $1.78 trillion on the daily chart | Source: TradingView.com The current floor price of the Bored Ape collection is 138ETH, or $414213.90, meaning that you would need to be extremely affluent to possess one. APE is performing well in comparison to the rest of the cryptocurrency market, exceeding the majority of the CoinMarketCap’s top 100 coins. Suggested Reading | Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout APE Shows Resilience As of Thursday, APE was the 28th largest cryptocurrency by market capitalization, valued at approximately $5.5 billion. In what appears to be a bearish week for crypto and tech stocks as a result of the market’s reaction to a very hawkish US Federal Reserve, ApeCoin has demonstrated its resilience, rising more than 30% in the last seven days on the back of $14.2 billion in transaction volume, representing approximately 800 million APE. APE In The Metaverse Apecoin’s value is projected to skyrocket. If APE is successful in establishing a presence in both the metaverse and the NFT economy, the cryptocurrency might reach US$30 by the first quarter of 2030. Meanwhile, the broader cryptocurrency market was stagnant, with a global market capitalization of at $1.78 trillion, down 2% in the prior day, according to CoinMarketCap. Bitcoin, the market leader, was down roughly 2% to $38,762.82, while Ethereum, the second-largest cryptocurrency by market capitalization, fell 2% to $2,852.03. Featured image from The Daily Hodl, chart from TradingView.com
The world’s largest asset manager has launched a blockchain ETF, providing clients with greater exposure to crypto and blockchain-related companies.
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