Author: hotcrypto

SafeMoon Inu receives a high 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 token 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 SafeMoon Inu a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on SafeMoon Inu! Trading Analysis…

Following an 8% daily increase, DOT attempts to retest the key resistance at $32 on renewed momentum. Key Support level: $25 Key Resistance level: $32 Polkadot’s DOT native token completed a short-term correction and is now creating a support floor and trading range between the support level at $25 and resistance at $32. The first attempt to break out above this trading area was rejected last Monday. However, DOT appears ready for a second tryout. Chart by TradingViewTechnical Indicators Trading Volume: A reasonable amount of volume on the last attempt on Monday to break above $32. The current volume is…

Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021. This may very well be the case, as a number of mainstream brands have begun launching NFTs. According to recent research from Bain & Company and the online luxury fashion platform Farfetch, digital interactions with consumers are becoming increasingly important for brands. The report specifically states that “digital interaction with peers is on the rise when choosing to purchase a product.”…

Over the past 24 hours, IOTA’s (CRYPTO: MIOTA) price has fallen 6.99% to $1.38. This is opposite to its positive trend over the past week where it has experienced a 8.0% gain, moving from $1.27 to its current price. The chart below compares the price movement and volatility for IOTA 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…

Whether you follow Reddit or even really knew what it is before 2021, you almost certainly know about the online discussion community now. Reddit users drove a lot of action and discussion when it came to creating meme stocks and the site has been a major source for people looking to talk about cryptocurrency.”In 2021, there were a lot of conversations on Reddit, but none more prominent than cryptocurrency,” the company wrote in its year-end report. “For more than 10 years, Reddit has been home to over 500 cryptocurrency communities. As more Redditors participate in conversation, whether it be for…

LedgerScore announces the release of a complete digital payments platform and a MasterCard debit card in January, 2022. With it, our users get best-in-class concierge services, the ability to buy, sell or store 9 major cryptocurrencies, and the power to spend their money anywhere in the world using our new ledgerScore card. With the card, users get discounts on flights, holidays and first-class airfare to get exclusive business and business rates. And they can even get private event and private event coordination for those that need it topped off with 24/7 chat support.LedgerScoreIndependent Financial Reporting for DeFi and Traditional LendingOver…

As the broader market slightly improved over the past day, Chainlink crossed the $20.86-mark after depicting a marginal bullish preference. Further, VeChain headed to test its immediate resistance but failed to gather enough volumes.  EOS rose above its 20-SMA and now found an immediate hurdle at the 50-SMA and its RSI resistance. Chainlink (LINK) Source: TradingView, LINK/USDT After witnessing a bearish rising wedge breakdown on 9 December, the price action transposed in a down-channel (yellow) and tested the support at $17.7 nearly seven times before forming a double bottom. Then, the alt saw a staggering 35.53% ROI (from 20 December…

SundaeSwap, which calls itself “the sweetest decentralized exchange on Cardano”, has made an important security-related announcement. What I SundaeSwap ($SUNDAE)? SundaeSwap is “a native, scalable decentralized exchange and automated liquidity provision protocol”. It is backed by cFund (“an early-stage sector agnostic venture firm in the Blockchain industry anchored by IOHK and managed by Wave Financial”); Alameda Research (the quantitative cryptocurrency trading firm and liquidity provider founded by FTX CEO Sam Bankman-Fried); and Double Peak Group (“a family office focused on investments in the digital asset and blockchain space”). Here is why the SundaeSwap team decided to build a DEX on Cardano: “… in simple terms Cardano is faster…

In a New Year’s Day Twitter thread, Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin shared his thoughts on why Bitcoin Cash (CRYPTO: BCH) has failed to thrive and looked back on the growth of cryptocurrencies. In recent tweet, he writes that the Bitcoin (CRYPTO: BTC) fork was focused on being a protest movement and lacked a vision for the future.  Today, I would call BCH mostly a failure. My main takeaway: communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery over competence and are united around resistance rather than a coherent way…

Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism. In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned automatically based on a formula consisting of on-chain data of total blocks generated and the average price of BNB. At the moment, there are two burning mechanisms for BNB. One is the real-time burning of a percentage of gas fees on the Binance Smart…