Author: hotcrypto
Cardano in oversold territory suggests ADA can breakout to $2 FXStreet This news is republished from another source. You can check the original article here
Bitcoin Cash receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is giving Bitcoin Cash a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bitcoin Cash! Trading Analysis…
The cryptocurrency market has experienced enormous growth over the past decade, and it is set to expand to new heights in 2022.There are thousands of options for crypto investors, and here we look at five of the leading cryptocurrencies to invest this year for short-term investments.BitcoinBitcoin was launched back in 2009, and fast-forward to 2022, it remains the largest cryptocurrency by some distance, with its price movement still having a significant impact on the rest of the market. It goes without saying that this is one of the best cryptocurrencies, and it is set to hit new heights over the…
Ethereum primed for 50% breakout to $6,300 FXStreet This news is republished from another source. You can check the original article here
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism (CFT).” RBI’s Assessment of Cryptocurrency India’s central bank, the Reserve Bank of India (RBI), published its biannual Financial Stability Report (FSR) last week. The 144-page document includes a section on “private cryptocurrency risks.” The term “private” refers to all cryptocurrencies that are not issued by…
Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread of Home Crypto Mining in Irkutsk Power grid operators in Irkutsk have been dealing with a growing number of outages. The region and the city are experiencing a tangible increase in electricity consumption that overloads the distribution network. Local officials claim this has been caused…
News Home Sunday, January 02, 2022 12:35 PM | InvestorsObserver Analysts InvestorsObserver gives Litecoin an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. LTC at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type…
With Bitcoin still striving to snap off its immediate resistance at the $47,900-level, the overall sentiment failed to exhibit a bullish inclination. Solana fell below its near-term Point of Control, while Shiba Inu bulls still needed a sustained close above its 50% Fibonacci support. Decentraland, on the other hand, flashed mixed signals. Solana (SOL) Source: TradingView, SOL/USD The inverse head and shoulder breakout halted at the month-long resistance near the $203-mark. Since then, SOL retraced by over 18.5% until it poked its two-week low on 31 December. After losing the 23.6%, 38.2% Fibonacci supports, the price action fell below its…
VeChain’s (CRYPTO: VET) price has decreased 7.85% over the past 24 hours to $0.09, continuing its downward trend over the past week of -0.0%, moving from $0.09 to its current price. The chart below compares the price movement and volatility for VeChain over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility. The trading volume for the coin…
Getty ImagesIt was a banner year for digital assets in 2021, and the new year should see cryptocurrencies reach new milestones.Crypto investors went on yet another roller-coaster ride in 2021. Nearly every cryptocurrency from bitcoin to dogecoin hit record highs and delivered eye-popping gains. But in May, about 50% of the entire market’s value was wiped out in just seven days. And September saw China’s clampdown against crypto escalate to a ban on all transactions.Other wild crypto moments from 2021 came when El Salvador made bitcoin legal tender, meme tokens exploded, and an NFT sold for $69 million.So what’s in store…