Category: Cryptocurrency News

New to Layer 2s, if the fees become cheap <.0005 cents then would that enable spam? And if yes, how does that affect L2s ? submitted by /u/RS_Tnap [link] [comments]

BNB price is gaining bullish momentum above the $550 resistance. The price is showing positive signs and might extend its rally above $650. BNB price is up over 15% and it broke the $600 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $598 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could continue to rise toward the $650 resistance zone or even $700. BNB Price Extends Rally In the last BNB price prediction, we discussed the chances of more gains above the $500 resistance zone. The price continued to rise and broke many hurdles near the $550 level. BNB is now outperforming Bitcoin and Ethereum with a move above the $580 resistance. It is up over 10% today and trading above $600. A high was formed near $633 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $364 swing low to the $633 high. The price is now trading above $600 and the 100 simple moving average (4 hours). Immediate resistance is near the $625 level. The next resistance sits near the $635 level. A clear move above the $635 zone could send the price further higher. Source: BNBUSD on TradingView.com In the stated case, BNB price could test $650. A close above the $650 resistance might set the pace for a larger increase toward the $700 resistance. Any more gains might call for a test of the $780 level in the coming days. Dips Limited? If BNB fails to clear the $635 resistance, it could start a downside correction. Initial support on the downside is near the $600 level and the trend line. The next major support is near the $570 level. The main support sits at $500 or the 50% Fib retracement level of the upward move from the $364 swing low to the $633 high. If there is a downside break below the $500 support, the price could drop toward the $450 support. Any more losses could initiate a larger decline toward the $420 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600, $570, and $500. Major Resistance Levels – $635, $650, and $700.

Crypto Nation, what is your opinion on price movements coming in April? Today, an analyst claimed that BTC will be pegged above $50k due to ETF inflows. Personally, I see a strong correction incoming around the halving. I know history says otherwise but patterns are meant to be broken. I am a bit of a…
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I bought 70 NZD worth of ETH yesterday and found out that the crypto I bought didn't appear in my wallet, the address is correct, Transak's software tells me the order is complete, yet the money has been taked from my bank account and when I put my address into a wallet lookup, the ETH…
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Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.” Peter Schiff on Bitcoin Halving Economist and […]

A new meme coin, Scotty the AI (SCOTTY), is turning heads and raking in substantial investment dollars during its limited-time presale. With $9 million raised already, crypto traders have been scrambling to buy SCOTTY tokens before the presale window ends in five days. Scotty the AI Unleashes Meme Power & AI Utility While meme coins […]

Ethereum price is struggling above the $4,000 zone. ETH is slowly moving lower and there is a risk of a downside thrust toward the $3,850 support. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,025 resistance zone. Ethereum Price Holds Support Ethereum price extended its increase above the $4,050 level, like Bitcoin. ETH traded to a new multi-month high above $4,080 before there was a downside correction. The price declined below the $4,000 level. It seems like Ether bulls are struggling to keep the price above $4,000. There was a move below the 23.6% Fib retracement level of the upward move from the $3,830 swing low to the $4,083 high. Ethereum price is now trading below $3,980 and the 100-hourly Simple Moving Average. However, the bulls are active near the $3,950 zone. There is also a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $3,830 swing low to the $4,083 high. If the pair stays above the $3,950 level, it could attempt another increase. Immediate resistance on the upside is near the $4,025 level. The first major resistance is near the $4,050 level. The next major resistance is near $4,085, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com In the stated case, Ether could rally toward the $4,150 level. If there is a move above the $4,150 resistance, Ethereum could even rise toward the $4,250 resistance. Any more gains might call for a test of $4,320. Downside Break In ETH? If Ethereum fails to clear the $4,025 resistance, it could start a downside correction. Initial support on the downside is near the $3,950 level. The first major support is near the $3,880 zone. The next key support could be the $3,830 zone. A clear move below the $3,830 support might send the price toward $3,750. Any more losses might send the price toward the $3,650 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,950 Major Resistance Level – $4,025

A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey and Reves A federal court in New York has affirmed the plausibility of the […]