Crypto Price Analysis May-5: ETH, XRP, ADA, PEPE, TRX

This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Tron.  Ethereum (ETH)  This week, Ethereum has retested the support at $1,800. Buyers showed strength and did not allow the price to fall lower, which is why ETH is found at a similar level to last week due to low volatility.  The current target for this cryptocurrency is $2,000, which is also a key psychological level. In April, ETH managed to break above it but quickly lost ground once sellers took over the price action. Another break above $2,000 would be quite bullish, but momentum is lacking at this time.  Looking ahead, Ethereum has found a good foundation to gather strength in the coming week. If buyers return to the market, then a retest of the key resistance appears imminent.  Tsart ng TradingViewRipple (XRP)  XRP is in red and has closed the past seven days with a 1.5% loss. The price appears on its way to test the key support at 43 cents. This would be the second time XRP tests this support, and could turn out to be a bearish move if buyers dont return.  The key resistance is quite some distance away at 48 cents. The momentum indicators, such as the MACD

2023-05-05Ethereum

Ethereum (ETH) Fees Hit May’22 High; Pepe Is the Reason?

The Ethereum networks daily transaction fee spiked to about 87 gwei, the highest since May 2022.   Today, PEPE and WOJAK are setting new all-time high records.  Ethereum (ETH) transaction fees have again hit highs since May 2022. A spike in transactions on the Ethereum blockchain also involving meme-based tokens such as Pepe (PEPE) and Wojak (WOJAK) has driven up traffic on the network, pushing the average fee rate to the highest in nearly one year while showering “Stakers” of the cryptocurrency with extra revenue.  According to Dune Analytics, the Ethereum networks daily median average transaction fee spiked to about 87 gwei on Tuesday, the highest since May 2022. For comparison, the rate so far this year has fluctuated between roughly 82% year to date.  Ethereum is the Memecoins Playground?  A new Ethereum-based frog-themed token, PEPE, has seen a rapid rise in market capitalization, with WOJAK following in its footsteps. Also, both crypto tokens attracted investors with massive returns and an unprecedented price rally.  Today, the Pepe token market cap reached over $859 million before dropping once more to under $400 million. Also, the 24-hour trading volume for this memecoin surged more than 216% over the night to reach $784 million.  Additionally, every day, PEPE and WOJAK

2023-05-05Ethereum

Ethereum Gas Fees Hit Record Levels Amid PEPE Meme Coin Hype; Flips SHIB, DOGE

Ethereum gas fees are again touching record levels as meme coins take over the crypto space by storm. The frog-themed meme coin PEPE hype has especially caused Ethereum gas fees to hit a yearly high.  The high gas fee is making transactions costly for users, while also pushing up prices amid demand for meme coins such as PEPE.  Ethereum Gas Fees Reaches Yearly High  According to data by Etherscan, the average gas prices reached 94 gwei and even hit a high of 184 gwei on May 5. The massive jump in Ethereum gas fees is due to the increase in demand for meme coins on the Ethereum network, making transaction costs higher.  The hype surrounding PEPE meme coin and profits made by investors by trading in the meme coin is causing most people to swap their crypto including other meme coins to PEPE through Uniswap. The average transaction cost on Uniswap has jumped to $32.60.  As per data, transactions on Uniswap alone have burned over 15,000 ETH in the last 7 days. Uniswap currently accounts for 35% of gas fees, becoming the top “Gas Guzzler” in the last few days.  Average transaction fee on Ethereum. Source: Etherscan  In the last 24 hours, the trading volume for PEPE

2023-05-05Ethereum

Optimism Leverages Ethereum Attestation Service to Boost User Trust

Ethereum Attestation Service (EAS) is a free and open protocol.  Any Optimism user can use the technology to verify information they believe to be correct.  Optimism, an Ethereum-based layer 2 companion blockchain, is going to utilize the Ethereum Attestation Service (EAS). The Ethereum Attestation Service (EAS) is an on-chain attestation system. That enables users to assess the integrity of the platforms users and vouch for whether anything transpired on the blockchain.  The Ethereum Attestation Service is a free and open protocol permitting on-chain attestations on EVM-compatible blockchains. Its a generalized service that allows anyone to register a schema for its particular use case and then generate attestations following that model.  As per data, this could support more equitable OP token distribution and community voting processes on Optimism. With the introduction of EAS, Optimism users will be able to validate on-chain content that may affect how the platforms native OP tokens are distributed and how users engage with one another more generally.  Moreover, as per sources, the EOS team has stated that the technology they offer would enable developers to develop pioneering identity solutions that can be utilize on Optimism, as well as other networks, such as Base, Polygon, and Ethereum.

2023-05-05Ethereum

Ethereum Price Showing Signs of Fresh Rally But This Resistance Is The Key

Ethereum is moving higher toward the $2,000 resistance.  Ang presyo ay nakikipagkalakalan sa itaas ng $1,880 at ang 100-oras na Simple Moving Average.  Mayroong isang pangunahing bullish trend na bumubuo ng suporta malapit sa $ 1,885 sa oras-oras na chart ng ETH USD (data feed sa pamamagitan ng Kraken).  Ang pares ay maaaring makakuha ng bullish momentum kung aalisin nito ang $1,920 resistance zone.  Ang Presyo ng Ethereum ay Naglalayong Mas Mataas  Ethereums price formed a base above the $1,800 support zone. ETH started a steady increase and cleared the $1,880 resistance zone, similar to Bitcoin at $28,800.  The price even climbed above $1,900 but faced sellers near $1,920. There was a downside correction but the bulls were active near $1,870. A low is formed near $1,867 and the price is now rising. There was a break above the 50% Fib retracement level of the recent decline from the $1,917 high to the $1,867 low.  Ether is now trading above $1,880 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support near $1,885 on the hourly chart of ETH/USD.  Pinagmulan: ETHUSD sa TradingView.com  Immediate resistance is near the $1,905 level. It is close to the 76.4% Fib retracement level of the recent

2023-05-05Ethereum

Practically Perfect In Every Way

Kabuhayan  Halos Perpekto Sa Lahat ng Paraan  7 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The Guardians Of The Galaxy Vol 3  Pinasasalamatan: Mamangha  is the best Marvel movie I‘ve seen in years. I did enjoy quite a bit, but other than that, the MCU has felt a bit like a pale shadow of its former self. There’s fun to be had in bits and pieces in movies like at but its all gotten a little stale, like a fifth course at a meal I filled up on long ago. For every mayroong isang to remind us just how lousy the MCU has become compared to its glory days.  Thankfully, James Gunn sticks the landing with the third and final movie. Its an emotionally powerful, wildly inventive, often hilarious farewell for our ragtag band of intergalactic space heroes.  I admit to a special fondness for The first film came out almost nine years ago in late 2014 and I had no idea what to expect when I went. I wasn‘t a fan of the comics (having never read them) and had next to zero knowledge about any of the characters. Unlike better-known MCU heroes like Captain America, Thor and Iron Man, I went into the first movie

2023-05-05Industriya

Know Famous Celebrities Who Are Involved In Non-Fungible Tokens

Kabuhayan  Kilalanin ang Mga Sikat na Artista na Kasangkot Sa Mga Non-Fungible na Token  9 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Interesado na ngayon ang mga kilalang tao na magkaroon ng Non-Fungible Token. Binago ng mga NFT ang aming pananaw sa pagtingin sa digital art. Ang Bored Ape Yacht Club at crypto punk ay ang mga bagong paborito sa mga celebrity. Kanina, ilang piraso ng NFT ang kinanta ni Madonna. Nag-highlight siya ng mga cartoon portrait ng mga bored na app. Kahit na ang ilang mga patalastas na nag-eendorso sa crypto exchange FTX ni Tom Brady ay nagpapakita ng kamakailang pagkahumaling sa mga NFT.  Pansinin ang Mga Sikat na Artista na May Hawak ng Mga Sikat na NFT  Ang celebrity na si Kim Kardashian ay nagbubuhos ng ilang digital art piece tulad ng EMAX token sa Instagram. Ang mga koleksyon tulad ng BAYC at CryptoPunks ay naging ilan sa mga pinakamahal na piraso ng sining.  Nyla Hayes, 12, ay nakagawa na ng balita sa pamamagitan ng pagkamit ng $ 6 milyon sa mga NFT. Ang mga sikat na personalidad tulad nina Elon Musk at Mark Zuckerberg ay nauugnay din sa interes sa ibat ibang NFT. Nangangahulugan ito na tataas ang interes ng mga tao sa

2023-05-05Industriya

Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $30K Is Critical

Bitcoin  Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $30K Is Critical  5 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoin is showing positive signs and rising toward the $30,000 resistance zone.  Ang presyo ay nakikipagkalakalan sa itaas ng $28,800 at ang 100 oras-oras na Simple moving average.  There is a key rising channel forming with resistance near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).  Ang pares ay maaaring magsimula ng isang malaking pagtaas kung mayroong malapit sa itaas ng $30,000 resistance zone.  Binibigyan ng Presyo ng Bitcoin ang Lakas  Bitcoin price formed a base above the $28,000 support zone. BTC started a steady increase and there were bullish moves seen after the Fed hiked interest rates to 5.25%.  The bulls were able to push the price above the $28,800 resistance zone. There was a break above the 61.8% Fib retracement level of the downward move from the $29,975 swing high to the $27,665 low. It opened the doors for a move above $29,000.  Bitcoin is now trading above $28,800 and the 100 hourly Simple moving average. There is also a key rising channel forming with resistance near $29,600 on the hourly chart of the BTC/USD pair.  Immediate resistance is near the $29,420 level.

2023-05-05Industriya

2023 Latin Grammys Move To Sevilla Highlights Global Epekto Ng Latin Music

Kabuhayan  2023 Latin Grammys Paglipat Sa Sevilla Highlights Global Epekto Ng Latin Music  6 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Si Manuel Abud, CEO ng Latin Recording Academy, sa Seville, ay nag-anunsyo ng Latin Grammy Awards 2023  Ang Europa Press sa pamamagitan ng Getty Images  Ang 2023 Latin Grammys ay lumalayo sa tradisyon. Ang awards show ay aalis sa US sa unang pagkakataon mula noong ito ay nagsimula noong 2000. Ang Latin Recording Academy ay nag-anunsyo ngayong araw na ito ay gaganapin ang kanyang kauna-unahang internasyonal na Latin Grammy Awards sa Sevilla, Spain.  “Kami ay tiwala na ito ay magiging isang di malilimutang pagdiriwang,” sabi ng CEO ng organisasyon, Manuel Abud.  Ang Junta de Andalucía ay mag-iisponsor ng Latin Grammys ngayong taon bilang bahagi ng isang bagong tatlong-taong partnership na kinabibilangan ng ilang iba pang musical event sa Andalucía sa 2024 at 2025, na naglalayong tumulong sa pagpapalakas ng turismo sa rehiyon, na kilala bilang lugar ng kapanganakan ng flamenco music.  Ang 24th Annual Latin Grammy Awards telecast ay gagawin ng TelevisaUnivision sa pakikipagtulungan ng Radio Televisión Española (RTVE) at gaganapin sa Sevillas Conference and Exhibition Center (FIBES) sa Huwebes, Nobyembre 16.  Sa pangunguna sa telecast ng mga parangal, magkakaroon ng isang linggong pagdiriwang sa Sevilla na binubuo

2023-05-05Industriya

Shiba Inu (SHIB) Drops Zero in Its Price, Heres What It Needs to Tackle to Go Higher

Teknolohiya  Ang Shiba Inu (SHIB) ay Bumaba ng Zero sa Presyo nito, Narito ang Kailangan Nitong Pagharapin Para Umangat  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Tomiwabold Olajide  Shiba Inu loses zero in its price as bulls confront 643 trillion SHIB resistance range  Shiba Inus price decreased by one zero after it once again reached the psychological $0.00001 mark. SHIB is hanging in the balance at this point as bulls make a valiant effort to prevent bears from regaining this area, which could lead to more falls.  Sa oras ng pagsulat, bahagyang tumaas ang SHIB sa huling 24 na oras sa $0.000010.  According to IntoTheBlock data, Shiba Inu is involved in a broad resistance range between $0.000010 and $0.000025, where over 387,000 addresses bought close to 643 trillion SHIB.  To focus on a smaller area, the biggest obstacle is between $0.00001 and $0.000014, which prevents SHIB from rising any higher.  A total of 231,000 addresses purchased 257 trillion SHIB in this region, which could lead to selling pressure if these addresses decide to take profits if the price reaches this level.  This might make it slightly harder for SHIB to break through without enormous buying pressure. Over 10.3 trillion SHIB were purchased in the $0.000009 range, which serves as

2023-05-05Industriya
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