Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

On december 17 the ATH from 2017 will be half a decade ago – and right now we are below that.

When I entered this sub in early 2021 there was a nice narrative: nobody who held Bitcoin for at least 4 years was ever in the red. Even people who aped into Bitcoin at the high in 2013 have seen green since 4 years after that. After 2018, 3 years seemed enough. Now it seems…
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Avalanche (AVAX) May Be Down, But It’s Not Out, Here’s Why

Avalanche (AVAX) has been hit pretty hard since the bear market started. The digital asset which reached an all-time high of $146 back in November of 2021 is not trading just below $15. This has led to a decline in confidence in the digital asset. However, protocols such as Avalanche have shown over time that they can sometimes be underestimated and the latest announcement from the project proves this. Avalanche Keeps Building Normally, during the bull market when there is decreased participation in the space, a lot of protocols tend to not build as much as they usually would. However, Avalanche has continued to develop products and has announced the launch of Core Web. One major barrier to entry for users who are new to the decentralized finance (DeFi) space is how hard it is to navigate the space. Getting things done and trading in DeFi can often be a convoluted process, which is why Avalanche has launched Core Web to address this. Related Reading: Dogecoin Hash Rate Hits 7-Month High, But What Are Price Expectations? It is a new suite of products that would allow DeFi users to be able to manage all of their tokens in one place, as well as their NFTs. Core Web would make it possible for users to carry out multiple actions without having to switch between multiple sites and apps.  AVAX trading at $14.8 | Source: AVAXUSD on TradingView.com Users will be able to access hundreds of decentralized applications (DApps) on the Avalanche network, as well as being able to access the subnets. Additionally, it doesn’t just work for Avalanche but also with the Bitcoin and Ethereum networks. Users will be able to swap, trade, bridge, and switch between any EVM-compatible network using Core Web. Betting On AVAX  AVAX, the native token of the Avalanche ecosystem, has lost a significant portion of its all-time high value over the course of 2022. At current prices, the cryptocurrency is sitting more than 89% below its all-time high price and there is no reprieve in sight for the digital asset. Related Reading: Bitcoin Bottoms: The Psychology Of Bear Markets The TVL in Avalanche has also followed the trend of its price too. It hit an all-time high of $12.21 billion back in December 2021. Its TVL is currently sitting at $1.3 billion at the time of this writing, an over 89% decline. However, with the developments going on, there is still a lot of value in holding AVAX. It is also important to keep in mind how whales are viewing the digital asset though. Data from WhaleStats show that Avalanche whales only hold around $27,000 worth of AVAX presently. If this is to be viewed as an indicator of investors’ sentiment towards the token, it is very bearish for AVAX. The price is down about 50% in the last 30 days and if AVAX is unable to hold $14.5, it is possible that there could be a decline below $13 in the future of the cryptocurrency.  Featured image from Binance Academy, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Organic Communities in Web3 No Longer a Myth: Player Nodes in the Upland Metaverse Feature Multi-Property Takeovers

Online communities that develop organically are the holy-grail of Web3 projects. Not only are they an indication of the strength of a virtual platform, but represent a cornerstone in the formation of social and economic immersion. While the web3 metaverse industry still relies heavily on token-incentives for user interaction, Upland is emerging as a unique […]

New York-based forex broker Oanda launches crypto trading services in US

The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform.

Why neume’s only tightly-coupled dependency must be an L1

submitted by /u/TimDaub [link] [comments]

Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December

According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a […]

3 historically accurate Bitcoin on-chain metrics are flashing 'bottom'

Key Bitcoin indicators tracking its market versus fair value, as well as long-term holders’ confidence, hint at a market bottom formation.

Polkadot Co-Founder Gavin Wood Steps Down From CEO Role at Blockchain’s Builder: Report

submitted by /u/erdal_mutlu [link] [comments]

Biggest Movers: QNT Rebounds on Friday, UNI Extends Recent Decline

Quant ended a streak of three consecutive declines on Friday, as prices rebounded following recent losses. The move saw the token bounce towards its recent resistance level of $180.00. Uniswap, on the other hand, remained in the red, falling below a key support point in the process. Quant (QNT) Quant (QNT) rose higher on Friday, […]