Category: Cryptocurrency News

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Cardano (ADA) has been one of the most resilient coins in the crypto market. While Bitcoin has experienced a 50% correction and has revisited the yearly open, ADA has traded well above its previous lows. At the time of writing, ADA trades at $1,14 with a 2.7% and 4.8% loss in the daily and weekly charts, respectively. The cryptocurrency has managed to make its way into the crypto top 5 by market capitalization after Dogecoin (DOGE) and XRP lost their positions. The latter has been severely hit by the bearish trend and stands at $0,18, while XRP stands at $0,58. At its current levels, Cardano (ADA) recorded a recent Relative Strength Index (RSI), a metric used to the price momentum of a cryptocurrency, low of 27, according to trader Eric Thies. He believes ADA was at a similar low on this metric during March 2020, before the event called “Black Thursday”. As seen in the chart below, last time ADA was at an RSI low, it saw a parabolic increase in its price in the coming months. Thies believes this time it could be more positive, as ADA is resting on former ATHs. In current market conditions, most coins tend to correlate with Bitcoin and its performance. Therefore, BTC’s price must continue with its recovery in order for ADA, ETH, and other cryptocurrencies to recover. Pseudonym trader Crypto Punisher has compared the ADA/ETH trading pair and found a positive outlook for the former. Ethereum has been one of the top performer cryptocurrencies in recent months, but the trader believes Cardano (ADA) could take that place: (…) at macro level support as ETH continues to show strength. given that ADA has held strong all throughout this downtrend I think a bounce to outperform ETH short-term is enticing enough R:R wise. What Could Push Cardano (ADA) Into New Highs? One of the key factors that have been affecting Cardano and its price action, it’s the upcoming roll-out of their smart contract platform, Plutus. Input-Output Global (IOG) is currently testing the update in color code phases, they have successfully completed AlonzoBlue, part one, and have into AlonzoWhite. Plutus will be introduced in a Hard Fork Combinator by some point in late 2021. IOG’s founder and Cardano creator Charles Hoskinson made an Alonzo Update via his YouTube channels and said: Everything is looking pretty good, looking like it’s on schedule. Application backend integration is on schedule, the wallet backend integration is on schedule. We have a working Alonzo node, it survive the blue era. Now, we are in the white era. Hoskinson added that they are “mass onboarding people” to collaborate with the testnet and Cardano’s developer is working on the new version for the Alonzo node. As the final implementation approaches, ADA could see further benefits and push its way into uncharted territory.

“You’ll notice transactions happen much faster, and once you’ve created a Vault, you won’t have to keep claiming Moons every month,” said Reddit if the solution is migrated to the Ethereum mainnet.

I created a searchable network graph visualization of Moon transactions between Redditors! Whether or not you're a Moon addict, a data visualization enthusiast, or just someone who likes to ooh and aah at pretty colors and lines, this is for you! MoonGraph is hosted here on my Github page. In it, you are able to…
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On July 22, developers working on the platform Reddit, the social news discussion aggregation forum, revealed that the team was scaling Reddit’s community points program with the Ethereum Layer-2 solution Arbitrum. Currently, Reddit developers are testing the community point tokens on top of the Rinkeby testnet and will migrate to the Ethereum mainnet after testing […]

Bitcoin and most major altcoins are meeting resistance at higher levels but the bearish sentiment of the last two months seems to be reducing.

Please don't show this to the police, crypto isn't a legal tender here but i did paid for my pizza with 1.02 Nano today. There's a great cafe here in my city and i regularly visit there so the owner knows me very well. He's a big fan of crypto too especially dogecoin (i know…
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A recent Gallup poll has shown that the number of investors who own bitcoin has tripled since 2018. U.S. investors are showing increasing interest in the digital asset. The number which sat at 2% back in 2018 has now tripled in 2021 as that number now sits at 6%. The investors included in the poll were investors who owned $10,000 or more worth of stocks, bonds, and or mutual bonds. Ownership among investors aged 18 to 49 had grown 10 percentage points to 13%, up 10% from just 3% back in 2018. While investors aged 50 and older, only 3% said they owned bitcoin. Compared to 1% from back in 2018, showing the number had tripled in the last three years. Risk Tolerance For Bitcoin On The Rise From 2018 until now, the number of investors who think bitcoin is “too risky” to invest has been declining steadily. The poll showed that following the 6% of investors that confirmed they already owned bitcoin now, another 2% of investors said they would most likely buy into the digital asset in the near future.  In comparison to 2018, less than 0.5% of investors had said that they would probably buy the cryptocurrency in the near future. Related Reading | SpaceX Has Bitcoin On Its Balance Sheet, Elon Musk The number of investors who said they would never buy bitcoin had also dropped. The poll in 2018 had shown that 72% of investors said they would never consider buying into bitcoin, showing absolutely no interest in the digital asset. Now that number has dropped from 72% to 58% who say they would never consider buying into the digital asset. The survey also consisted of a section that had investors who were curious about the digital asset but did not think they would be buying into the asset anytime soon. The percentage of investors in this category was 34%, up from the 26% in 2018 who had said they were intrigued but would not be buying into the asset. Age And Sex Disparities Gallup’s poll also featured a separation of the information into age groups and sex. Bitcoin ownership was up all across the board. Interest in the digital asset was also up with investors that were surveyed in comparison to the 2018 data. Related Reading | Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover The report showed that the percentage of women who currently own bitcoin in the U.S. is currently 3%, up from 1% in 2018. While in men, the number of investors who own the digital asset in 2021 is now 11%, up tremendously from a mere 3% back in 2018. Age disparities also showed a clear demarcation. Investors who were aged 18 to 49 were more likely to own the digital asset and investors over 50 years of age were less likely to own. Older investors who had no interest in ever buying or owning the digital asset was 80%, the highest of any group. BTC price currently trades above $32,000 | Source: BTCUSD on TradingView.com The sex disparity in investors regarding bitcoin was the same throughout the board. Male investors were more likely to own or invest in bitcoin than female investors. Sentiments towards the digital asset have moved more towards the positive in the past three years. The percentage of investors who considered the asset “very risky” in 2018 was 75%, now that number is down to 60%. 35% of investors said they still consider the asset “somewhat risky,” while 5% said they did not consider the asset “not too risky” or “not risky at all.” Featured image from NewsBTC, chart from TradingView.com

I have reason to believe that /u/Deeyennay is actually Chris Nolan, and his post about this post who I presume is his colleague ‘Diamond Hans’ Zimmer, is clear and purposeful manipulation of this sub. Now this might seem like a tenuous link to the average reader, but I have reason to believe Chris Nolan is…
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Hi everyone. I decided to share with you some games where you can earn some crypto while having fun. They won't pay you a lot of coins, but its something. ​ WeNano: An app similar to the Poke Stations in Pokemon Go. Users can look for spots around the globe for some easy nano coins!…
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