Category: Cryptocurrency News

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

I am trying to create a tool where I can separate tokens coming from scam txs from a token list of a wallet. I saw Debank has this feature. I know that scam transactions usually come from flagged contracts and wallets, but those methods don't seem to eliminate all scam transactions/tokens from my results. I…
Read more

Chainlink has shot up over 12% to break $18 during the past day. A retest of the on-chain resistance wall at $20 could be next. Chainlink Has Outperformed Market With Its 12% Rally The past 24 hours have been green for most of the cryptocurrency sector, but the positive returns have been small for most of the market, with Bitcoin, the largest digital asset, only seeing profits of 1%. Related Reading: BitMEX Whales Buy Bitcoin: What History Says Will Happen Next Chainlink, however, has separated from the crowd during this period, rallying around 12%. The chart below shows how the coin has performed over the last few days. The price of the coin seems to have observed a sharp climb over the past day | Source: LINKUSD on TradingView With this latest surge, Chainlink has surpassed the $18 level for the first time in almost two years. With profits of about 30% over the past week, LINK is by far the best-performing asset among the top 60 cryptocurrencies by market cap. Speaking of the market cap list, LINK has now flipped Tron (TRX) to become the 11th largest asset in the sector following this recent strong performance. The table below shows where LINK stands among its peers in the sector right now. The market cap of the coin appears to be around $10.4 billion at the moment | Source: CoinMarketCap Dogecoin (DOGE) is the next coin above Chainlink now, and if the asset can continue its run, it should be able to flip the meme coin. While there is still some gap between their market caps, it isn’t too big. Whether the coin can further this rally or not, perhaps on-chain data could provide some hints. LINK Has Next Major On-Chain Resistance Wall Around $20 As explained by analyst Ali in a new post on X, LINK has significant on-chain resistance at $20. In on-chain analysis, the strength of a support/resistance level lies in the amount of BTC that the investors bought at it. Below is a chart that shows the distribution of holder cost basis across the various LINK price ranges near the current price of the cryptocurrency. Looks like there is some resistance coming up ahead for the coin | Source: @ali_charts on X When the analyst shared the chart, LINK was trading around $17.85, and the ranges until the $19.49 to $20.03 one weren’t too dense with investors. Chainlink has mowed through some of these weaker price levels since then, and the asset may continue to do so until it strikes the resistance wall around $20. Related Reading: These Are The Four Key Bitcoin Price Levels To Watch, Reveals Analyst In total, 5,330 addresses bought 8.59 million LINK within this range. Generally, investors become more sensitive when the price retests their cost basis, so they may be prone to making some moves. For investors in loss like those inside this range, such a retest can mean an exit opportunity, as they might be desperate to get their money back. This effect becomes more pronounced as investors share their cost basis inside the same range, so ranges with dense cost basis distribution can be a source of major resistance for the spot price. Featured image from Shutterstock.com, charts from TradingView.com, IntoTheBlock.com

submitted by /u/AdParticular2891 [link] [comments]

Despite the XRP price’s recent decline, Crypto analyst Egrag Crypto has provided a reason to believe that this presents the perfect opportunity to accumulate more of the token rather than lose conviction in its potential.  XRP On Its Way To $22 Soon? Egrag recently hinted in an X (formerly Twitter) post that XRP could rise to $22 soon enough. The accompanying chart he shared showed that the crypto token will hit this price level if it follows the green route, which the analyst has constantly alluded to. In an X post made last year, Egrag suggested that XRP could hit $22 in July this year if the green route were followed.  Related Reading: Bitcoin To $5 Million? S2F Model Predicts When This Will Happen Meanwhile, in his more recent analysis, he also touched on a Symmetrical Triangle that was currently forming. According to Egrag, XRP price dips are buying opportunities as long as the crypto token maintains its Symmetrical Triangle Formation. Interestingly, crypto analyst Jaydee also recently mentioned this bullish pattern.  However, in his analysis, Jaydee stated that the Symmetrical Triangle had already formed on the monthly chart. This chart pattern is significant as it is said to have been the trigger for XRP’s parabolic move back in 2017 when it recorded gains of over 30,000%.  Following the formation of this pattern, the analyst expects the MACD (Moving Average Convergence Divergence) to cross zero in the coming months, with the parabolic move coming after. The accompanying chart that Jaydee shared suggested that XRP could rise well above $12 when this move to the upside occurs.  Token price establishes support at $0.5 | Source: XRPUSD on Tradingview.com The Wave 2 Analysis In his most recent X post, Egrag analyzed XRP’s current price movement. The analyst believes that XRP’s Wave 2 correction will follow a regular pattern and expects that the corrective Wave C won’t dip below $0.41. However, if that doesn’t happen, he noted that there is the possibility of Wave C dropping to between $0.35 and $0.40.  Related Reading: Here Are The Largest Institutional Buyers Of Bitcoin This Week He went on to state that XRP staying above the $0.28 level is very key from a macro standpoint. XRP dropping to that will no doubt paint a very bearish outlook for the crypto token. Whatever happens, Egrag remains bullish on XRP as he called on XRP holders to get ready for the “big mega boom coming soon.” In his opinion, there would be a life-changing opportunity for the XRP community between now and 2025. Considering that the analyst had already predicted XRP to hit $5 in 90 days, this life-changing opportunity could well come sometime in April. At the time of writing, XRP is trading at around $0.50, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from CoinMarketCap, chart from Tradingview.com

u/krakensupport Beware of a possible Kraken scam / breach This is an email I just got: https://preview.redd.it/r0jdsb6788gc1.png?width=1266&format=png&auto=webp&s=a95d23b38bd0353fe16944d34e283c1502e03783 ​ I can't find this "Unified Deposit Methods" options on their website or anywhere else. ​ The email was sent from a new email, "[support@email.kraken.com](mailto:support@email.kraken.com)" instead of the usual "[no-reply@email.kraken.com](mailto:no-reply@email.kraken.com)". The email redirects to a "https://link.kraken.com/", a subdomain…
Read more

Does anyone know why RPC don't simply return the locally missing sync committees and the merkle tree path of the requested data, so that we can check locally that the data is correct. That would be less censorship resistant than a light node but just as trustless, am missing something? submitted by /u/d-banana-eth…
Read more