Ripple (XRP) Faces Price Correction Threat

This shows that the payment processor token is losing the support it once had among institutional investors.  In addition to this, retail investors seem to be pulling away from the digital asset at the moment. This is visible in the downtick observed in the network growth.  This metric estimates whether the project is losing or gaining traction in the market. This is done by measuring the rate at which new addresses form on the network.  At the moment, Ripples network growth is at a multi-month low, flashing a bearish signal for the price action.  XRP Price Prediction: A Crucial Level to Hold  XRP price, at the time of writing, is trading above the 38.2% Fibonacci Retracement of $0.81 to $0.47. Marked at $0.60, this Fib level is crucial as losing it would result in a drawdown to the 23.6% Fibonacci level at $0.55.  This is the likely outcome for the Ripple native token as not only the aforementioned conditions, but also the Ichimoku Cloud is exhibiting bearish signals. The Ichimoku Cloud is a technical analysis tool that displays support/resistance levels, trend direction, and momentum.  XRP/USDT 1-araw na chart. Pinagmulan: TradingView  Candlesticks below the cloud are a clear, bearish indication for XRP.  Magbasa Pa: Lahat ng Kailangan Mong Malaman Tungkol

2024-04-09Industriya

Nag-iiba-iba ang BNB sa ilalim ng $630 Habang Nag-aalinlangan ang Mga Mangangalakal

The upward movement was further hindered by resistance at $630.  On March 29, BNB fell below the 21-day SMA and reversed the uptrend at the high of $621. The bulls bought the dip and the altcoin recovered above the 21-day SMA. The cryptocurrency is trading above the moving average lines but remains range-bound between $550 and $630.  On the upside, a recovery to $645 is possible if the altcoin recovers above the 21-day SMA. Beyond that, a break above the $645 resistance level would propel the altcoin to highs above $700. Should the bullish scenario fail, the altcoin will decline and settle in a range between $550 and $630.  Pagbabasa ng indicator ng BNB  The price bars are above the moving average lines, but the upside has been limited by the Doji candlesticks. On the 4-hour chart, doji candlesticks have dominated the price action. This shows that traders are undecided about the direction of the market.  Teknikal tagapagpahiwatig:  Mga pangunahing antas ng paglaban – $600, $650, $700  Mga pangunahing antas ng suporta – $400, $350, $300  Ano ang susunod na direksyon para sa BNB USD?  BNB is trading sideways on the 4-hour chart. The altcoin is currently trading between $540 and $620. The price movement is immobile due to

2024-04-09Industriya

Bitcoin, Ethereum and New Social Trading Exchange Token Option2Trade (O2T)

DISCLAIMER: Ang artikulong ito ay isang SPONSORED Press Release at hindi bumubuo ng nilalamang editoryal ng Finbold o sumasailalim sa pagsubaybay. Ang mga asset/produkto ng crypto ay nagsasangkot ng malalaking panganib. Huwag mamuhunan maliban kung handa kang mawala ang iyong buong puhunan. Para sa isang buong disclaimer, mangyaring .  In the modern investment landscape, cryptocurrencies have emerged as formidable assets, often drawing comparisons to gold, the traditional safe-haven asset. Among these digital contenders, Bitcoin (BTC), Ethereum (ETH), and the innovative newcomer Option2Trade (O2T) are making a compelling case for cryptocurrencies being more valuable than gold. This discourse explores their exponential growth potential, intrinsic value, and how Option2Trade (O2T)‘s ’Social Trading feature is revolutionizing the way we perceive asset value.  Ethereum (ETH) is rapidly ascending as assets of remarkable value, surpassing even the age-old safe haven of gold. Bitcoin (BTC), with its pioneering decentralized ledger, has transformed the concept of digital wealth, while Ethereum (ETH) extends the utility of blockchain technology through smart contracts, enabling a multitude of applications beyond mere transactions. The emergence of Option2Trade (O2T) adds a new dimension to this digital revolution, leveraging ‘Social Trading’ to enhance the investment experience. As Bitcoin (BTC) continues to set unprecedented benchmarks in the

2024-04-09Ethereum

Whats driving Ethereums 32 million transactions on L2s?

Ethereum finalized the Dencun upgrade on the 13th of March. For the uninitiated, the upgrade helped to lower costs on Layer-2 networks. So, it was expected that activity would increase.  No more gatekeeping  Having this number for the past three weeks was tremendous. However, it was proof that the objectives of the development were working, as new entrants did not need to worry about exorbitant gas fees.  When AMBCrypto analyzed the data, we observed that Polygon led in several metrics. But Base kept it on its heels. For instance, transactions on Polygon were 4 million on the 5th of April.  Base, on the other hand, was 3 million while Arbitrum were 1.5 million and 801,400 respectively. However, one other thing we noticed was that, despite Polygons numbers, Base outclassed it in fees generated.  From our findings, Brett [BRETT], a meme coin built on Base, was one of the reasons the network dominated. Another one was Toshi [TOSHI].  While TOSHI was built as the face of Brian Armstrong‘s cat, BRETT was referred to as Pepe’s [PEPE] best friend on the Base chain.  In the last 30 days, BRETTs price has increased by 79.18%. At press time, it was market cap was $592 million.  TOSHIs price jumped by 46.51% within

2024-04-08Ethereum

Daily Market Review: BTC, ETH, CKB, WIF, LDO

As seen from the increasingly global market cap, todays market session has seen bulls start on the front foot. The total cap stood at $2.59t as of press time representing a 1.4% increase over the last 24 hours while the trading volume also jumped by 5% to stand at $64.1T as of the same period.  Pagsusuri ng Presyo ng Bitcoin  Bitcoin (BTC) has started todays session with bulls on the front foot as the crypto king crosses above $70K. The *BTC* price is near the upper Bollinger Band, indicating potential overbought conditions or a strong upward trend. The Bollinger Bands are moderately wide, suggesting a higher market volatility level.  On the other hand, the ADX is above 25, which generally indicates a strong trend. The specific value (32.15) suggests a solid bullish trend is present. If the price stays above the middle BB line (the 20-period SMA), it may indicate a strong uptrend. As of press time, the Bitcoin price stood at $70,758, representing a 1.9% pump from its previous 24-hour price.  4 na oras na BTC/USD Chart | Pinagmulan: TradingViewPagsusuri ng Presyo ng Ethereum  Ethereum (ETH) has also started today on bullish activity as the altcoin king posted notable gains in today‘s session. Analyzing

2024-04-08Ethereum

Ang EUR/USD ay nakikipagkalakalan na may katamtamang pagkalugi sa gitna ng mas malakas na USD, humahawak sa itaas ng 1.0800 na marka

Pananalapi  Ang EUR/USD ay nakikipagkalakalan na may katamtamang pagkalugi sa gitna ng mas malakas na USD, humahawak sa itaas ng 1.0800 na marka  Balita ng Ethereum ng Bitcoin  EUR/USD edges lower on Monday as the upbeat US NFP continues to underpin the USD.  A positive risk tone might cap the safe-haven buck and lend some support to the major.  Traders now look to the US CPI, FOMC minutes and the ECB meeting for a fresh impetus.  The EUR/USD pair struggles to capitalize on Fridays goodish rebound of around 50 pips from sub-1.0800 levels and meets with a fresh supply during the Asian session on Monday. Spot prices currently trade around the 1.0825-1.0820 region and remain at the mercy of the US Dollar (USD) price dynamics, though the downside seems cushioned.  The upbeat US monthly employment data – popularly known as the Nonfarm Payrolls (NFP) report – showed that the economy added more than the anticipated, 303K jobs in March. This forced investors to scale back their bets for an eventual interest rate cut by the Federal Reserve (Fed) in June and the total number of rate cuts to two in 2024. The outlook keeps the US Treasury bond yields elevated, which, in turn, is seen acting as

2024-04-08Industriya

Ethereum and Polygon Dominate Q1: New Report Reveals Growth

Ethereum  Ethereum and Polygon Dominate Q1: New Report Reveals Growth  Balita ng Ethereum ng Bitcoin  Ethereum and Polygon have demonstrated their strength in Q1 as revealed by EVM user growth and trading activity according to reports.  This stellar performance coincides with the respective positive performance of MATIC and ETH.  A new report by Flipside has revealed Ethereum and Polygons stellar performance in Q1 2024. The report titled “New EVM Users: Q1 Snapshot” shows that the two projects have maintained their lead in Ethereum Virtual Machine (EVM) chains. The two projects maintained a lead in attracting new users and also witnessed increased trading volume.  Among EVM platforms, Ethereum (13.4 million) and Polygon (12.3 million) had the most new users in 2024, together accounting for roughly 70% of the total. In contrast, Arbitrum has added 4.7 million users this year.  In terms of trading volume, ETH is leading with $12 billion while Arbitrum ranked second with around $9.5 billion. Decentralized finance (defi) is the lead attraction for new users. Polygons lead in this sector is largely owed to renewed interest in non-fungible token (NFT) activity.  NFT activity was mixed with Ethereum and Base recording a steady increase while Polygon witnessed a steep decrease from its previous peaks.  With layer-2 protocols beginning

2024-04-08Ethereum

Analyst Flips Bullish on One Ethereum Rival, Says Layer-1 Altcoin Looking Interesting Again After a Long Time

crypto Ethereum  Analyst Flips Bullish on One Ethereum Rival, Says Layer-1 Altcoin Looking Interesting Again After a Long Time  Balita ng Ethereum ng Bitcoin  A widely followed crypto strategist believes that one Ethereum (ETH) competitor is gearing up to witness a breakout rally.  Pseudonymous analyst The Crypto Dog tells his 775,100 followers on the social media platform X that hes bullish on the smart contract protocol Near (NEAR).  The analyst shares a chart suggesting that NEAR is threatening to take out its diagonal resistance on the daily chart.  Source: Ang Crypto Dog/X  Even though Near is still struggling to move above the diagonal resistance, the analyst says that its only a matter of time before NEAR breaks out and rallies to around $9.  Source: Ang Crypto Dog/X  Sa oras ng pagsulat, ang NEAR ay nagkakahalaga ng $7.06.  Next up, the trader says hes keeping a close watch on the layer-1 altcoin Injective (INJ). According to the analyst, the altcoin is starting to look interesting again after INJ bulls defended the $30 price area.  Source: Ang Crypto Dog/X  At time of writing, INJ is trading for $34.85, up nearly 2% in the past day.  As for the broader crypto market, the analyst palagay that the latest correction is designed to flush out weak hands.

2024-04-08Ethereum

Dogecoin, Bitcoin Surge: Markus Meme-Fueled Price Prediction Comes Alive

Bitcoin  Dogecoin, Bitcoin Surge: Markus Meme-Fueled Price Prediction Comes Alive  Dogecoin founder Billy Markus sparked online debate with a humorous Bitcoin target ng presyo na $69,420.  Markus comments highlight the growing impact of meme culture on the cryptocurrency market.  “Go, DOGE, Go!” Markus tweeted as Dogecoin also experiences a significant price increase.  Learn how a Dogecoin founders playful Bitcoin prediction is influencing market sentiment, and discover the latest price movements in the crypto sphere.  Markus Meme-Inspired Bitcoin Valuation  Billy Markus, the co-creator of Dogecoin (DOGE), recently caused a stir in the cryptocurrency world with his lighthearted prediction for Bitcoins (BTC) price. Markus, known for his humor, suggested that Bitcoin could reach a valuation of $69,420 – a meme-inspired number.  The Power of Memes in Crypto  Markus comments ignited discussions, with some considering his prediction a possibility. This highlights how memes and internet culture increasingly shape investor sentiment within the cryptocurrency market. Analysts note that meme-driven sentiment can sometimes significantly impact crypto trading as investors are often drawn to the humorous and familiar.  Bitcoin and Dogecoin Prices Respond   Coincidentally, Bitcoin rallied closer to Markus‘s proposed target, experiencing a 6% surge this week. Currently, BTC trades above $69,420, and analysts speculate a potential new high of $74,000 if bullish momentum continues. Meanwhile,

2024-04-07Industriya

Nangungunang 3 Presales na Maaaring gawing 1 ETH ang 5 ETH sa isang Buwan

Ethereum  Nangungunang 3 Presales na Maaaring gawing 1 ETH ang 5 ETH sa isang Buwan  Balita ng Ethereum ng Bitcoin  Presales are important happenings in the crypto industry, allowing users to maximize returns by grabbing tokens at low offering prices and riding the wave when they eventually surge. Simply put, they let crypto investors get in early and turn tiny investments into thousands of dollars if the tokens make it big.  This bull run is the best time to take advantage of presales, considering how assets industry-wide are surging. Bullish forces will help give presale tokens an immediate push, advancing the needed momentum for their prices to spike. With that, lets look at presales that can turn an investment of 1ETH into 5ETH within a month from their listing.  NFTFN (NFTFN)  The NFTFN presale kicked off last month and has been on quite the roll, with phase 1 selling out quickly. It is currently in phase 2 and will sell out even faster. The NFTFN token is offered at $0.030, with analysts expecting its price to surge as the NFTFN platform launches. The platform, an NFT trading dApp, can revolutionize the NFT market, possibly changing how enthusiasts interact with NFTs.  It lets users harness the robust price

2024-04-07Industriya
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