MetaverseGo, a British Virgin Islands-based mobile gaming venture, has raised about $4.2 million in a seed funding round. The platform confirmed the development in a […]
Bitcoin Is Repelled Thrice as It Faces Rejection at $24.2K – August 8, 2022 Bitcoin has revisited the $24,000 overhead resistance as it faces rejection […]
President Faustin-Archange Touadéra received Changpeng Zhao to discuss bitcoin and crypto. The meeting of the minds happened on Friday and there’s not much public information about what actually happened. The Binance CEO has been meeting African presidents recently, so it only makes sense that he visited the first nation to make bitcoin legal tender in […]
Using patterns to remember bitcoin seed phrases is a useful tool which can come in handy if someone is needing to move across borders without being detected.
WIN NFT HERO, a blockchain game based on the TRON network, is leading the GameFi space with its excellent P2E gaming experience. WIN NFT HERO is the next-gen GameFi and NFT turn-based strategy game that allows gamers to fully own their game assets, such as heroes, NFT assets, or equipment. The hero NFTs are meticulously […]
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
Pitch Day at Bitcoin 2022 in Miami gave startups in the space an unprecedented chance to drive their projects forward.
Avalanche (AVAX) price is seen to soar by 24% or $32 within its consolidation period. A breach projected overshooting the descending parallel channel would nudge AVAX closer to its hurdle or resistance level at $25. After AVAX was able to maintain support at $22.50, a bull run is anticipated to happen. Avalanche was recently rejected at $25 due to strong selling activity which precipitated a rebound seen in the last week of July. The challenge here lies with AVAX ability to soar above the descending parallel channel to stir up a spike of 24% from along the neckline of the inverse head-and-shoulders (H&S) pattern. Chart from TradingView.com Related Reading: Polygon, In Steady Bullish Trend, Could Jack Up MATIC To $1.5 Can Avalanche Slice Through Resistance At $25? To establish the bullish reversal following the token’s slump in the last couple of month, AVAX price retested the $25 resistance levels twice without breaching it. The token nosedived a bit from July 22 to 26 giving way to an inverse H&S pattern, which when validated, may pump up AVAX price by 25%. However, AVAX price will have to breach the descending parallel channel giving the token enough force to slice through the resistance at oHo $25.00. More so, AVAX should also maintain its price above the 50-day SMA to deter bearish corrections in the range between $22.50 and $19.50. The social significance or social volume metric of AVAX has spiked immensely as seen in the period from July 26 to August 3 implying a bullish momentum as AVAX is gearing up to move at the support seen at $22.50. Increased Investor Interest With Upcoming AVAX Hackathon The token’s supposed rally towards $32.00 could happen with the increase in investor interest. Meanwhile, the launch of Avalanche’s hackathon happening in Seoul is a widely anticipated event as it brings together the most popular and reputable icons in Web3 such as Tracey Bowen, Mark Shim, and others. The event is set to happen from August 11 to 12 which is said to trigger an uptrend for AVAX price shooting for $32. According to CoinMarketCap, Avalanche price is showing a bearish stride as it faces resistance noted at $24.09 and support spotted at $22.99. Currently, AVAX price has dropped by 2.65% or $23.27. Daily chart for AVAX price shows the token has been on a decline as the buyers were not able to punch the prices to surpass the resistance level of $24.09. Additionally, a head and shoulders pattern has also formed which means the prices can plunge back to the support of $22.99 and resistance of $24.09. Related Reading: Meme Coin CateCoin Silently Balloons Over 250% – Time To Buy CATE? Crypto total market cap at $1.03 trillion on the daily chart | Source: TradingView.com Featured image from AAX Academy – Chart from TradingView.com
The three leading altcoins, Ethereum Classic (ETC), Filecoin (FIL), and Lido DAO (LIDO), have outperformed Bitcoin and other well-known cryptocurrencies to lead the altcoin market. […]
The memecoins Shiba Inu and Dogecoin are both looking to end the month in green, but SHIB’s gains have been significantly higher than DOGE’s so far. Shiba Inu Looking To End July With 18% Profits While Dogecoin Observes 2% Uplift After going through months of downtrend, holders of the two largest memecoins in the market […]
The Ethereum “Merge” has become a hot topic among top crypto analysts after the incident that led to the collapse of the Ethereum network in the sale of Otherside by Yuga labs, with nearly $200M lost as gas fees. Related Reading: Proof of Work Vs Proof of Stake – Laneaxis The Ethereum merge, also known as Ethereum 2.0, is the upgrade of the existing execution of the Ethereum layer 1 from proof-of-work (PoW) to proof-of-state (PoS), Beacon chain. POW was first used by the early pioneers of the blockchain Bitcoin and Ethereum. It aims to achieve decentralization and security by using miners to decode cryptographic algorithms or puzzle-like maths. As the demand increases for transactions, it becomes slow, gas fees increases, and resources intensify. Proof-of-Stake (POS) is similar to POW, just that users authenticate transactions on the blockchain employing stake and get rewarded. “The Merge” is a massive step for Ethereum and the community; it is important to note that the Beacon chain is shipped separately from the Ethereum mainnet. It means the Beacon works in parallel as POS, and all accounts, transactions, balances, and smart contracts remain secured by POW until the final merge to POS. Ethereum Price Remain Strong Despite Daily Resistance Ethereum keeps showing great strength of bullish movement as the anticipated merge gets closer. Ethereum is currently trading at a resistance of $1,730 at the point of writing on the 1D daily chart. A break of this region would send Ethereum’s price to $2,400 and even higher if the bulls and sentiments of the market stay strong ahead of the merge. Ethereum looks really good from the chart on a daily timeframe which is a good sign as we head into a new month. Due to a low volume on a weekend, Ethereum would have a tough time breaking the resistance. If Ethereum is unable to break out successfully, we could retest the region of $1,600 as the nearest support before a major upside movement. Ethereum Price On the 4H Chart Ethereum is currently facing resistance at $1,730 with a low volume accompanying it. If there is going to be a pullback over the weekend the support at $1,600 would be a good entry. Related Reading: Will The Ethereum Merge Skyrocket ETH? The relative strength Index (RSI) is above the 50 mark indicating the market looks healthy but with less price action. With bulls pushing Ethereum in the coming days, breaking the resistance at $1,730 would not be much of a challenge.
Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over? Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If More
The post Price analysis 7/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX appeared first on BTC Ethereum Crypto Currency Blog.
A U.S. judge has quashed the Securities and Exchange Commission’s (SEC) request to block XRP holders from aiding in Ripple’s defence…
Three senators chastised Fidelity for offering a bitcoin 401(k) option claiming it is too volatile and untested to be used as a retirement savings tool.