EtherWorld Weekly — Edition 307
submitted by /u/Y_K_C_ [link] [comments]
submitted by /u/Y_K_C_ [link] [comments]
Dubai’s Virtual Asset Regulatory Authority (VARA) has issued a warning to investors and consumers about the risks of memecoins, which are highly speculative and volatile assets often subject to market manipulation. Memecoin Issuers Face VARA Scrutiny Dubai’s VARA has warned investors and consumers to be wary of advertisements promoting memecoins. In an alert issued Feb. […]
“Bitcoin mining companies serve as important employers and taxpayers in their local communities,” the report on US Bitcoin mining read.
Key Takeaways: ETH is likely to see a bullish momentum in the medium run based on the data from options. Large investors’ caution signals potential downside risks in the near future. The $2,600 level is critical to preventing large sell-offs and avoiding liquidation. Has ETH reached the bottom yet? Options data suggests an upward trend,…
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submitted by /u/kirtash93 [link] [comments]
Hi guys, Recently I've been thinking about setting up an automatic DCA into BTC. But I noticed BTC is quite high at the moment while ETH remains behind for now at pretty stable levels. Would it be lucrative to allocate some to ETH considering the current proportions in valuation? I've always had some degree of…
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XRP trades at $2.72 on Feb. 16, 2025, consolidating near resistance as traders weigh bullish momentum against fading volume signals. XRP The 1-hour XRP/USDC chart for Binance shows a recent high of $2.837 followed by consolidation, with lower highs suggesting weakening upward momentum. Immediate support rests at $2.70; a breach could trigger a drop toward […]
Near Protocol (NEAR) has registered a significant price loss in the past 24 hours. Following this decline, renowned crypto analyst Ali Martinez has identified certain price levels critical to a potential recovery. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? NEAR Must Reclaim $3.60 Support Level – Here’s Why According to data from CoinMarketCap, the price of NEAR has dropped by 2.98% in the last day forcing a fall below $3.40. In an X post, Martinez notes this price loss has caused the altcoin to dip below a parallel channel, suggesting bearish tendencies. On trading charts, a parallel channel is formed as the price moves within two parallel trend lines – one acting as resistance and the other acting as support as seen with $8.50 and $3.60, respectively on the NEARUSDT daily chart. When a price breaks out of this parallel channel, it signals a possible trend shift either bullish i.e. upward breakout above the upper boundary (resistance), or bearish i.e. breakout below the lower boundary (support). In the case of NEAR, its price has fallen below the support level signaling a potential downtrend. If this occurs, NEAR could slide as low as $1.5 suggesting a possible 55% on the coin’s current price. To invalidate this bearish postulation, Martinez states it is vital NEAR bulls reclaim and hold the $3.60 as support, building a bullish case for further price appreciation. If this positive scenario develops, Martinez predicts NEAR could reach a price target of $4.50 where some selling pressure may begin to develop. NEAR could also potentially rise to $5.50 which represents the mid-point of the parallel channel and strong psychological resistance level. Interestingly, the Relative Strength Index indicator (RSI) currently at 36.75 aligns with Martinez’s bullish prediction. An RSI at this level, trending in the upward direction, suggests much room for price growth before entering the overbought zone. Related Reading: Analyst Says Bitcoin Is ‘Primed For A Breakout’: Is BTC Heading For $150,000 Rally? NEAR Protocol Launches OmniBridge In other news, the development team behind the NEAR Protocol has unveiled OmniBridge, a cross-chain infrastructure. Among other functions, OmniBridge is designed to enable the seamless integration of NEAR-native assets across several blockchains. At the time of writing, NEAR trades at $3.38 reflecting weekly gains of 2.82% despite its recent dip. However, the coin’s general performance over the past month has been largely bearish with a reported price loss of 35.00%. However, with a market cap of $4.17 billion, NEAR continues to rank in the top 30 largest cryptocurrencies in the world. Featured image from iStock, chart from Tradingview
Chainlink and XRP are both going after the same market; cross border payments, large institutional transfers. However, they are approaching this from very different methods. I will do my best to explain both approaches and let you decide what you think is best. Firstly, how does the existing system work? SWIFT (Society for Worldwide Interbank…
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