
This is the tenth and largest funding for the blockchain aggregation and reporting service since its inception in October 2014.
This is the tenth and largest funding for the blockchain aggregation and reporting service since its inception in October 2014.
Telegram CEO Pavel Durov wrote that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy” in a recent post on his massaging platform.
Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive. Ethereum started a sharp decline below the $3,000 support level. The price is now trading below $2,950 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 2,850 support. Ethereum Price Dive To Major Support Ethereum failed to stay above the $3,000 support zone and extended decline. ETH remained below $3,000 and broke the $2,950 support zone. The decline gained pace below the $2,900 level and the 100 hourly simple moving average. More importantly, there was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD. The pair spiked below the $2,880 level and tested the main $2,850 support level. A low is formed near $2,850 and the price is now consolidating losses. An immediate resistance on the upside is near the $2,920 level. The first major resistance is near the $2,930 level. It is near the 23.6% Fib retracement level of the recent slide from the $3,196 swing low to $2,850 low. The next major resistance is near the $2,965 level. A clear move above the $2,965 might send the price to $3,000. The 50% Fib retracement level of the recent slide from the $3,196 swing low to $2,850 low is also near the $3,020 resistance zone. Source: ETHUSD on TradingView.com A successful close above $3,020 might start a steady increase. In the stated case, the price could rise towards $3,200. More Losses in ETH? If ethereum fails to start a recovery wave above the $2,965 level, it could continue to move down. An initial support on the downside is near the $2,880 level. The next major support is near the $2,850 level. A downside break below the $2,850 could spark another major decline. The next major support is near the $2,800 level. Any more losses might call for a move towards $2,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 40 level. Major Support Level – $2,850 Major Resistance Level – $2,965
Crypto has been on a downward slope the past couple of weeks – and NFT is going the same direction with the decline in dollar value. TerraUSD and LUNA both dipped in value registering a tremendous loss of 99%. With UST (pegged with US dollar) now trading at $0.13, LUNA has managed to move to $0.0000914 on Friday afternoon, making the coin nearly worthless. Consequently, NFTs that are tied with Terra has shown decline in trading activity. Suggested Reading | LUNA Not Alone In Crimson: APE, AVAX, SOL, SHIB All Lose 20% In Crypto Crash Ethereum Loses Shine On the other hand, Ethereum (ETH) is currently trading at $2,000 which suffered a decline compared to its trading value last week at $2,800. The lowered prices of ETH have trigged the dip on ETH NFT prices associated with a decline in gas fees that power up the Ethereum blockchain. In the past month, the market value of Bored Ape Yacht Club (BAYC) and other blue-chip enterprises has reached new lows. (eSports.net) Blue-Chip Projects Suffer Decline Meanwhile, CryptoPunks, Bored Ape Yacht Club (BAYC), and other blue-chip projects have also been dragged down with their trading value faring to the lowest of low in the past month. Their prices dipped by 63% of May 12. The daily sales or trading activity has been incredibly erratic which went with the range of eight and 67 NFTs observed since the early days of May. Its floor price has taken the punches which caused it to drop to around 89 ETH or $169,792 on May 12 and was revived up to 99 ETH on Friday when the market experienced stabilization. Otherdeed NFT Soaring Amid Crypto Crash The floor price peaked at 152 Ethereum during the launch of Yuga Labs’ Otherdeed in May for the Otherside collection. Otherdeed NFTs continue to soar as one of the top 10 collections with the most trading volume since its launch on the OpenSea NFT market. Otherdeed NFT is in the same roster as other collections by Mutuant Ape Yacht Club and BAYC. Crypto total market cap at $1.23 trillion on the daily chart | Source: TradingView.com The transactions of the Otherdeed collection have rolled down following its launch. The numbers cascaded down from a whopping $375 million to just $6.5 million as of this writing. Regardless of the recent decline, the Otherdeed for Otherside collection continue to be one of the coveted NFTs in the OpeanSea market. They are also among the highest-priced NFTs for this week. Suggested Reading | Shiba Inu Vs. Dogecoin And LUNA: Which One Will Survive The Crypto Carnage? It’s not just Otherdeed collection that’s dominating the charts over the past week. Other NFT collections like Doodles, Azuki and Beanz, Art Blocks, and Moonbirds are also moving way up the popularity and price charts. With the prevailing market conditions, more NFT investors are in panic mode and are trying to liquidate assets. Meanwhile, Meta is currently testing an NFT display function geared towards a special group of IG collectors and creators. It’s expected that once this new feature becomes available, it can greatly impact the NFT space. Featured image from CryptoHubk, chart from TradingView.com
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |