Author: hotcrypto
After a roller coaster-like incline and fall, the crypto market flashed recovery signs. Consequently, Dogecoin, VeChain and EOS showed revival signs after the prices hit their multi-month support levels. While VeChain and EOS registered daily gains and depicted bullish near-term technicals, Dogecoin displayed neutral signs. Dogecoin (DOGE) Source: TradingView, DOGE/USD After an exceptional month-long rally to its 11-week milestone on 28 October, DOGE persistently slackened over the last month. The price action transposed into a down channel (yellow) post a descending triangle (white) breakout. It lost over 44% of its value (from 28 October) to poke its four-month low on…
The world of cryptocurrency blew up in 2021 and many are expecting that trend to continue throughout 2022 as well. A lot of complete novices are making their first investments in crypto this year, while many more are considering taking their first steps.It has become clear that cryptocurrencies are here to stay, so the number of people investing in them is only going in one direction. But with every cryptocurrency differing in price, demand, availability, transaction speed and so much more, what are the best cryptocurrencies to invest in for newcomers?For beginners, it might be a good idea to stick…
A battle ensues within the crypto-sphere where the decentralised blockchain models fight for primacy. The metrics that will decide who succeeds in this conflict include:The average fee per transaction. Transactions per second. The rate of adoption and scaling solutions.Having been launched in September 2020, the Binance chain has come a long way and is now the biggest competitor of Ethereum. Throughout 2021 the number of applications on BSC has steadily increased. Due to its 4x faster transaction speed, Binance chain now hosts over 900 decentralised applications and is now home to some of the biggest tokens launched in 2021 including…
Big names such as Bitcoin, Ethereum, Polygon, Polkadot, Avalanche, Algorand and Solana tend to crop up in any discussion about blockchain, but amid the technology’s rapid growth and the ever more competitive nature of the market, developers are increasingly locked in a race to make sure their blockchains come out on top. In this highly competitive and changing environment, it is important for developers to consider the processes that are key to understanding how different blockchains can meet specific needs. These factors include consensus mechanisms, decentralisation, sustainability, security, speed, cost and governance. All of these attributes should be examined in order…
An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace.Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold nearly 1,000 selfie images as NFTs. According to Ghozali, he took photos of himself for five years — between the ages of 18 and 22 — as a way to look back on his graduation journey.Uploading my photo into nft lolhttps://t.co/E3Q4sBmN26#NFT #opensea pic.twitter.com/rD51rdcpzp— Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022 Ghozali selfies were taken sitting or standing in front of his computer, which was later…
MIOTA, the token of the decentralised ledger for the Internet of Things, IOTA, has had a crisp couple of days rising 13% after a dramatic fall from an end of year high.Over the Christmas period it shot up 48% only to plunge 31% into the New Year. Today (12 January) it is showing some signs of recovery with a rise of 7% perhaps being dragged up by a general bullish sentiment in the crypto space. On 31 December in a blog the organisation said its top priority for 2022 is to “increase the utility of the IOTA token, network and ecosystem”. It added its…
By Olga Kharif,Consumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world.Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65 per cent of processed payments, down from 92 per cent in 2020, the company told Bloomberg. Ether purchases accounted for 15 per cent of the total, stablecoins were 13 per cent and new coins added to BitPay in 2021 – Dogecoin, Shiba Inu and Litecoin – accounted for 3 per cent. The alternative coins’ use surged partly as more…
Axis DeFi (AXIS) Receives a Very Bullish Rating Sunday: Is it Time to Get on Board? InvestorsObserver This news is republished from another source. You can check the original article here
The broader market saw a decent recovery over the past few days. However, the bulls were still not in a position to alter the general perception as the ‘fear’ sentiment only worsened. After a double-bottom breakout, Avalanche reversed from the $96-zone. While the buyers tried to step in, the ADX displayed a weak directional trend for the alt. Terra and Chainlink slightly skewed in favor of bulls but could not gather impactful volumes. Avalanche (AVAX) Source: TradingView, AVAX/USDT After reversing from the 61.8% Fibonacci support, AVAX noted a staggering 67.8% ROI (from 13 December low) to poke its three-week high…
Over the past decade, cryptocurrency has effectively conjured a brand new economy out of thin air. Understandably, it has become a rather controversial asset class, with smart people arguing for and against it. Even so, no one can deny the wealth this emerging asset class has created. In the last year alone, the crypto market has skyrocketed 109% to $2.1 trillion. However, enthusiasm for more speculative assets has waned in recent months as high inflation and the prospect of rising interest rates have driven investors to look for safer alternatives. To that end, despite tremendous gains in the past year,…