Altcoins

Chainlink, Decentraland and One Additional Altcoin Gearing Up for Breakouts: Analyst Michaël van de Poppe

Widely followed crypto strategist Michaël van de Poppe is calling rallies for a trio of altcoins, including decentralized oracle platform Chainlink (LINK) and virtual reality platform Decentraland (MANA). Van de Poppe tells his 604,200 Twitter followers Chainlink is potentially setting up for a bounce after losing over 86% of its value from its all-time high […]

The post Chainlink, Decentraland and One Additional Altcoin Gearing Up for Breakouts: Analyst Michaël van de Poppe appeared first on The Daily Hodl.

Altcoins

Bitcoin (BTC) Bull Mike Novogratz Warns Crypto Traders, Says Altcoins at Risk of Another 70% Decline

Galaxy Digital CEO and Bitcoin (BTC) bull Mike Novogratz is issuing a warning to crypto traders, saying that altcoins could still see massive devaluations.  Novogratz tells his 463,600 Twitter followers that altcoins are at still risk of losing more than half of their value even if they are already down big from their all-time highs.  […]

The post Bitcoin (BTC) Bull Mike Novogratz Warns Crypto Traders, Says Altcoins at Risk of Another 70% Decline appeared first on The Daily Hodl.

Altcoins Analysis Bitcoin Blockchain

Grand Time’s Web3 Ecosystem Helping People Worldwide Realize Financial Freedom

Grand Time’s Web3 Ecosystem Helping People Worldwide Realize Financial Freedom

As an ambitious project that emerged to lower crypto’s entry barriers, Grand Time – the community-driven Web3 ecosystem of several interconnected solutions – has contributed significantly to improving the lives of billions of people worldwide. The Grand Time team is on a mission to provide financial freedom to underbanked and unbanked populations across underdeveloped countries, […]

Analysis Crypto News Ethereum

NFT traders increasingly flocking to Solana

nft-traders-increasingly-flocking-to-solana

Solana NFTs saw $295 million in volume during April Integration with OpenSea has boosted entire ecosystem Near-zero gas fees and low barriers to entry mean new NFT traders increasingly flocking to Solana Not Okay Bears derivative on Ethereum highlights how far Solana has come NFTs exploded onto the scene in 2021, with $17 billion in… More

The post NFT traders increasingly flocking to Solana appeared first on BTC Ethereum Crypto Currency Blog.

Crypto News

Unizen Grows Its CeDeFi Exchange, Adding ZCX/USDT Trading Pair Into The Mix

CeDeFi exchange platform Unizen is adding new options for holders of its utility token with the addition of the ZCX/USDT trading pair on its platform. Unizen is the operator of a smart exchange platform that’s focused on marrying centralized and decentralized exchanges, a concept known as CeDeFi. Its platform operates under customary financial regulations yet also plays nicely with modern innovations within the world of decentralized finance. Through Unizen, traders get to access the liquidity of centralized exchanges and the unique functionality of various DeFi apps, along with the best possible rates when trading different assets. Besides its advanced trading options, Unizen offers Dynamic Multi-Asset Staking functionality where users can stake their ZCX tokens in an array of liquidity pools to earn rewards in multiple kinds of crypto assets. ZCX also enables governance, with holders able to vote on various issues affecting the platform that require the community’s consensus. In addition, ZCX holders get to participate in crowdfunding on ZenX Labs, which is Unizen’s accelerator for emerging crypto projects. Given the versatility of the ZCX token it has seen big demand from Unizen’s community. There will likely be a lot of interest in the ZCX/USDT trading pair, which gives holders the ability to easily swap their tokens with Tether stablecoins. There is more to come as well, as Unizen has promised that this is the first of many new listings to emerge on its platform. Over the coming weeks and months, Unizen said plans to launch multiple new trading pairs that will provide additional options and opportunities for its users. As to what those new pairs will be, that hasn’t been revealed. However, Unizen said the forthcoming pairs will include a number of “partner projects” as well as the winners of its “Tournament of the Alt” competition. With so much to look forward too, Unizen believes its platform is all set to become the “destination of choice” for retail and institutional investors looking to explore the emerging world of CeDeFi.   Image source: Unizen

Crypto News Ethereum

This Analyst Believes Ethereum May Lose 80% Of Its Value

According to a recent Bloomberg article, John Roque of 22V research believes that Ethereum might fall to $420, a loss of 80% from its present price, and here’s why. Ethereum May Fall 80% The trader believes Ethereum, which is presently trading at $2,000, is about to break through the support zone and will most likely fall below $420. Roque drew attention to a price range in which $3,580 is the top and $2,000 is the bottom. With Ether falling below $2,000, it is no longer within the previously specified range and will begin to fall to the next significant chart support at around $420. Source: 22v Research Because the second-largest cryptocurrency is rapidly losing value, it has fallen below all moving averages, including the 50-, 100-, and 200-day lines. The above-mentioned indicators’ downward movement is a significant bearish factor for any asset. Ethereum is also oversold on both the weekly and daily charts, according to Roque, which is why it cannot rally in the foreseeable future. ETH/USD trades aroun $2k. Source: TradingView While the analyst claims that Ethereum is basically “over” key support levels for the second largest cryptocurrency on the market may still be seen. On the weekly chart, for example, traders have yet to test 200-week average support. Related Reading | Bitcoin Indicator Hits Historical Low Not Seen Since 2015 ETH Exchange Supply Rising Santiment, an on-chain data provider, gives us an insight into what Ethereum’s next price action might be (ETH). On an 8-hour chart, large shorts for Ethereum at $2,000 have built up, according to the data provider. However, according to Santiment, this normally doesn’t work out with the shorter, and a short squeeze is likely to ensue. As a result, the price of Ethereum may rise again. Data shows funding rates history. Source: Santiment The ETH exchange supply is another item to consider. Santiment observes: “While we saw a nice drop in supply on exchanges for the past year or so, May 1st 2022 saw a huge increase in supply on exchanges as folks rushed to exit their positions, which is clearly reflected on the price itself.” As a result, any future increase in the exchange supply will cause another decline. This indicates that investors are panicked and have given up totally. Although the situation appears to be dire, this may be an excellent time to fill new roles. Related reading | Ethereum Hashrate Breaks All-Time High, Will Price Follow? Featured image from iStockPhoto, Charts from TradingView.com

Altcoins Ethereum

Analyst Says Ethereum Rivals Solana (SOL) and Avalanche (AVAX) Could Rip Hard Next Bounce – Here Are His Targets

A popular crypto analyst says that two Ethereum challengers could move hard and fast during the next bounce in digital asset markets. In the latest TechnicalRoundup newsletter, the pseudonymous analyst known as Cred says that Ethereum’s recent touch of the $1,900 level provided a fresh test of a key range low, making it a “decent […]

The post Analyst Says Ethereum Rivals Solana (SOL) and Avalanche (AVAX) Could Rip Hard Next Bounce – Here Are His Targets appeared first on The Daily Hodl.