Wyoming lawmakers introduce legislation for state-issued stablecoin
Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins.
Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins.
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Elon is hated because he stopped accepting bitcoin as a payment for Tesla but Elon has spoken FOR crypto a lotta times and defended quite well w his trolls. A couple days ago when a 98 year old dinosaur age man tried to talk shit about cryptocurrencies, Elon came out saying how the old man…
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Ethereum has been on another decline along with the market. After struggling to cross $3,100, the digital asset had taken another beating down that saw it crash below $3,000 once again. However, this does not signal more downtrends. In fact, indicators point to the coming upside from Ethereum despite the recent trend, one that would see it test another important resistance point. Ethereum Crossing $3,000? It is no secret that Ethereum has largely fluctuated around $3,000. This price mark is important to the asset, hence the reason why bulls continue to battle hard to keep it. And as sentiment continues to move into the positive, the cryptocurrency is poised to be one of the top gainers from the coming rally. This will see it test a major resistance point before continuing on its upward trajectory. Related Reading | This Indicator Points To A Bitcoin Bottom, $50K Next Target? Although sell signals have continued to overpower buys for the digital asset, other aspects show growing bullish sentiment. A look at the 20-day moving average shows that Ethereum is currently trading above it. This is one of the signals that show how investors are looking at a digital asset in the long term and with ETH trading above this point, it shows that users are willing to purchase it at a higher price than they did over the last few weeks. ETH crumbles to $2,800 | Source: ETHUSD on TradingView.com For an asset like ETH, this could mean that a reversal is in the works for the cryptocurrency. After settling above its first support level of $2,780, $3,085 is naturally the next resistance point to test. Once broken, ETH could very well ride it until another test at $3,400, a more problematic bump for it to cross. ETH holders Thrown Into Profit More Ethereum holders are still in profit despite the recent downtrend. It has proven to be one of the more resilient assets with a strong holder base that holds through the worst and this is paying off for investors. Currently, Ethereum is one of the cryptocurrencies with the highest profit rate for investors even though it has lost almost 40% of its all-time high value. Related Reading | Twitter Adds Ethereum Option To Tipping Feature A total of 72% of Ethereum holders remain in profit even below $3,000. These holders, the majority of which have held their tokens for more than a year, are more bullish, “diamond hands” that are less likely to sell even in a downtrend. On-chain and exchange signals are mostly bullish. However, with the price firmly below the 50-day moving average, it indicates more sell sentiment over the long term, indicating that any uptrend from this point will likely be short-lived. Featured image from GreekReporter.com, chart from TradingView.com
Dog-themed meme currency Floki Inu, named after Elon Musk’s Shiba Inu dog, is attracting Ethereum and Binance Smart Chain whales after receiving speculative market interest on Friday. On social media, Shiba and Floki followers engage in a heated debate over an ad for their respective dog-themed cryptocurrency. This may have been good news to FLOKI as Ethereum and BSC whales began to show interest in the cryptocurrency. According to data aggregator portal WhaleStats, FLOKI is currently among the top 10 tokens acquired in the last 24 hours by 1,000 of the biggest ETH and BSC whales out there today. Bearish Movement Floki Inu is trading at $0.000038 on Friday, down 3.8%, with a low of $0.00003697 and a high of $0.00003967. The crypto has a trading volume of $4,559,495 in the past 24 hours. According to live market data, the asset price has been climbing in the last few months and has become a crowd favorite in cryptocurrency markets. However, the crypto is showing bearish movement. In Friday’s intraday chart, market swings derail Floki Inu, leading to a negative trend. Floki Inu Forecast Based on market trends and analysis, the price of FLOKI has greater room to either rise or fall in the near future. Although it has risen somewhat due to recent market trends, it is currently trading below the baseline. Because of recent price declines, the current sentiment of Floki traders is “fear,” which, in the short term, could affect its price in a negative way. Some market observers anticipate the price of Floki Inu to continue to drop in the coming days. Related Reading | Floki Inu To Feature Its Logo On S.S.C. Napoli’s Match Stadium And Jersey If support at $0.00004 is not broken, Floki may fall as low as $0.00003, if not lower. If support at $0.00004 is not breached, Floki might rise as high as $0.00005 this month. Considering the current price remains stable in the following weeks, Floki may see a positive breakthrough. After all, the crypto is aiming for $0.001 once again. 10 Trillion Tokens WalletInvestor’s optimistic stance on Floki Inu remains the same. The token is still seen as a profitable one-year investment by the platform. According to its forecast, Floki prices might increase in percentage in the next five years. If this is correct, a $100 investment in the crypto today might be worth $1,535.62 in February 2027. As for DigitalCoinPrice, it predicts a lucrative year for the crypto. Bullish price predictions are apparent due to its value stability which is seen to rise as the market activity of Floki Inu grows. Meanwhile, Floki Inu has a colossal token inventory, with the creators confirming a maximum supply of 10 trillion tokens. Its designers believe this is achievable since it outperforms other cryptocurrencies like Shiba Inu and Dogecoin in terms of utility. Related Reading | Floki Shiba Meme Token Ranked Top Social Signal BSC DApp Featured image from Yahoo! Finance, chart from TradingView.com
If Bitcoin is used for fundraising, is it inevitably tarred by the cause to which it’s been linked, like anti-vax truckers?
The move is designed to maintain the stablecoin savings protocol’s lucrative yield of approximately 20% per annum.
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The Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin Trudeau says, “It’s high time that these illegal and dangerous activities stop.” […]