Altcoins Bitcoin

Ethereum Co-Founder Reveals He Is Amassing Cardano, Polkadot and One Additional Smart Contract Altcoin – Here’s Why

Ethereum (ETH) co-founder Anthony Di lorio says that besides Bitcoin (BTC) and Ethereum, he is also keeping his eyes on Cardano (ADA), Polkadot (DOT) and Cosmos (ATOM). In a new interview on Kitco News, Di lorio says he is stocking up on the three smart contract altcoins because of the people working on these projects. […]

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Crypto News

ApeCoin Performance Could Attract The Whales – How About The Bulls?

ApeCoin has recently made it to the top 10 in terms of trading volume from over 100 of the largest ETH whales as seen in the past 24 hours. APE made it to the top 10 in terms of trading volume ApeCoin’s MRV has been seeing sustained growth APE price up by 1.46% The Bored Ape Yacht Club isn’t running out of cards to play with the integration of a new staking rewards program that caught the attention of many ETH whales. The developments surrounding the BAYC token could be the main culprit for its recent popularity. The buoyancy experienced with the increase in whale interest is just one of the many impressive developments happening for APE. Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally ApeCoin Bullish Technical Indicators For one, ApeCoin’s MRV has been seeing sustained growth and doing tremendously well over the past month. With all of these positive indicators flashing, investors will see this as a bullish streak for APE. Additionally, APE’s market capitalization has also surged from $1.46 billion to as much as $1.65 billion as of this writing. According to CoinMarketCap, the APE price has skyrocketed by 1.46% or trading at $5.40 as of this writing. However, APE’s trading volume has seen a massive reduction from 590.45 million to 141.08 million. ApeCoin also registered a drop in terms of activity which shows the limited wallet transactions. Based on this scenario, the APE price could sink below the $5.135 key support line in the coming days. Moreover, the altcoin’s RSI at 39.64 and CMF at -0.03 also demonstrate a bearish movement. Based on the APE chart, there really isn’t much traction noted since its launch in March. Notably, APE has plunged by as much as 80% from its ATH with NFT demand going down; the demand for APE also dwindled down. There is really so much going on in the NFT market that is causing the sideways motion of ApeCoin. BAYC Innovates With Rewards Staking Program If there’s one thing really impressive about the BAYC, it is the creators who continuously reinvent themselves and innovate their brand to be more relevant to their target market. Its staking rewards program is one of its huge developments so far. With a rewards staking program, the crypto is locked up for a certain period at which you’re not allowed to trade it but it generates passive income for you as the owner. By letting someone gain access to your crypto for a prescribed time, you earn rewards. Staking rewards are extremely popular with investors because you gain more revenue by staking your altcoin especially if it’s relatively going up in value. The sneak peeks of the ApeCoin rewards staking program were rolled out on September 3. Recently, on September 22, Apecoin revealed that the rewards staking program will go live on October 31. Related Reading: Bitcoin Notches Highest Trading Volume In Over 3 Months, Binance Data Shows APE total market cap at $1.65 billion on the daily chart | Source: TradingView.com Featured image from MakeUseOf, Chart: TradingView.com

Altcoins Ethereum

Robot Known for Outperforming Bitcoin and Crypto Markets Flocks to Ethereum and Five Additional Altcoins As Markets Pop

A data-crunching robot with a reputation for outperforming the markets just unveiled its latest weekly crypto portfolio allocations. The Real Vision Bot interprets surveys of cryptocurrency-related metrics to create fresh algorithmic portfolio assessments each and every week. The automated bot with a reputation for outdoing Bitcoin (BTC) is choosing altcoins over the king crypto in […]

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Crypto News

Aave Price Action: Bearish Pull Forces AAVE To Resist Drop To $74 Level

AAVE has been showing hints of recovery today which is quite the opposite of its figures a few hours ago. AAVE shows signs of recovery as price climbs by 7.35% Coin generally bearish but the bulls are now attempting to take over AAVE breaches $77.53 level This could be due to the general crypto market recovering too as of press time. Will this be for long term? The coin has been generally bearish as it resist falling into the $74 level. Key support is now spotted at the $73.65 level and resistance is present at $77. 52. Evidently, AAVE is seen to be moving downhill earlier as it failed miserably in breaching the $77.53 level. At this point AAVE is treading the bearish route for short term. Judging by the 1-day price analysis, it is moving downwards as triggered by the uptick in selling pressure. If the selling pressure subsides, then AAVE price could shoot way up which is happening right now. Chart: TradingView.com AAVE Price Climbs By 7.35% According to CoinMarketCap, the coin’s price has skyrocketed by 7.35% or trading at $79.64 as of press time which means it has successfully breached the $77.53 level that it has been trying to do so for the past couple of days. The Bollinger Bands Indicator higher band is now seen at the $78.63 mark which is now the key resistance for AAVE while the lower band is seen at the $73.83 mark. More so, RSI has previously manifested a decline to 40 but has shown recovery and is now looking more balanced. The 4-hour price chart reveals that the bears have been dominant for many hours but the bulls are now taking over. Previously, the sharp decline of AAVE has caused a devaluation of price down to the $73.22 level which has been a good sign to the sellers. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? Price Likely To Build Momentum AAVE price is seen to be generally bearish due to its sideways consolidation but is seeing an uptick now and making some room for the bulls. The price has plummeted by $74.34 yesterday but it has now found its mojo and on its way to making more gains. Momentum will likely build up in the coming days. At this point, AAVE is expected to continue trading in its current range for the next 24 hours. However, the scenario with AAVE/USD still looks like a tug-of-war and anything can happen at this point as either the bears or the bulls can get exhausted and propel the coin to move either way in the coming days. Related Reading: Uniswap Price Watch: UNI Registers 16% Rally In Last 7 Days AAVE total market cap at $1.12 billion on the daily chart | Source: TradingView.com Featured image from AMBCrypto, Chart: TradingView.com

Altcoins Analysis Bitcoin Blockchain

Jail Kwon – The World’s First Educate2Earn Token Skyrocketed by 500% On News Of Arrest Warrant Against Terra’s Founder

Jail Kwon - The World’s First Educate2Earn Token Skyrocketed by 500% On News Of Arrest Warrant Against Terra's Founder

LAS VEGAS, NEVADA / SEPTEMBER 23rd, 2022 / According to information provided by the cryptocurrency monitoring company Messari, the value of a recently introduced meme coin known as Jail Kwon shot up by 500% on September 14 and reached a high of $0.00128. The fact that the South Korean authorities have issued an arrest warrant […]

Crypto News

TRON Showing Hints Of A Major Rebound After A Week Of Rout

Tron (TRX) holders have been on rough terrain since August with the bears dominating the market. The tables might be turning though in favor of the bulls as shown on the charts.  TRX bulls hint at a comeback after a long period of takeover by the bears TRX price down by 0.87% RSI divergence hints at increased investor optimism According to CoinMarketCap, TRX’s price has plunged by 0.87% or trading at $0.0596 as of this writing. Apparently, Tron is trying to bounce back from its weekly low that registered at $0.056. It seems that the token is still traversing in the same range which validates a strong rebound from that level.  Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days TRON Market Demand Waning? Hence, there is evidently poor demand for TRX in the market which is normal whenever crypto tries to switch lanes from bearish to bullish.  Whale activity looks to be insufficient at this point and not gaining enough traction. Regardless, the supply of TRX has increased for the whales. There is hope as investor optimism ought to be amplified with the recent developments happening for Tron.  Tron’s weighted sentiment index has shown no significant changes in the market. TRX is still stuck in its lower monthly range which explains the failed uptrend happening over the weekend. On the other hand, there are a couple of signals that promise the possibility of the bulls pivoting in the coming days.  TRX Bulls Waiting For The Next Big Wave TRX price might prevail and rebound from the support zone as further validated by its RSI. The RSI divergence shows increased optimism that the price may escalate in terms of buying pressure. On-chain metrics for Tron also feature the increase in demand over the derivatives markets as seen in the past couple of days.  Related Reading: Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit Chart: TradingView.com Observation of the funding rates provides critical data because it validates the change in the derivatives market. These observations are usually tied up to the spot market.  While there are signals that hint at a bullish uptrend, the market sentiments reveal that the TRX bulls are on the sidelines and just waiting for the right timing to jump in when the crypto market improves.  On TRX price predictions, although the stablecoin is making progress, it still continues to drop which could go on for the next couple of trading sessions.  Tron’s price may hover below the $0.054 level before September ends. More so, there is also a possibility that TRX’s price could slide below the $0.045 range. With the crypto market currently struggling, TRX prices could also move in the same direction. The bearish thesis will only be proven wrong if and when the price shoot above the $0.066 mark.  TRX total market cap at $5.5 billion on the daily chart | Source: TradingView.com Featured image from CCN.com, Chart: TradingView.com

Altcoins

Cardano Creator Charles Hoskinson Says Hundreds of Crypto Projects Gearing Up for Launch After Blockchain Upgrade

Charles Hoskinson says many projects are preparing to launch on the Cardano (ADA) blockchain after its Vasil hard fork upgrade. Hoskinson, the Cardano co-creator, says in a tweet that there are hundreds of projects announcing they will advance using ADA’s new capabilities become available to developers next week. “I’ve seen hundreds of tweets like this […]

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