Author: hotcrypto
While the top altcoin was up by nearly 4.4% in 24 hours, Litecoin and Stellar marked similar daily gains on their charts at press time. Avalanche continued its rally after seemingly leading the recovery phase. Avalanche (AVAX) TradingView, AVAX/USDT AVAX became one of the few cryptos that witnessed a soaring week. The crypto registered a staggering 42.1% seven-day ROI. Although it invalidated its long-term bullish trendline (since July), it bounced back the 61.8% golden Fibonacci level. After a bearish flag breakdown, the alt formed a rising wedge and poked the $117-mark on 18 December. Now, any retracements from here would find testing…
One of the biggest success stories this year has been the wonder memecoin Shiba Inu‘s meteoric rise. The crypto, which has gained by over 44,622,335% over the year, has often been touted as a rival to the OG Dogecoin. Needless to say, in keeping with the theme of dog coins and shitcoins, many consider it to be useless. In fact, the usual points of argument such as the apparent lack of use cases, development activity, and low public opinion are often thrown at SHIB supporters. In an effort to counter this negative perception and not become obsolete, the team behind…
Bitcoin price is hovering around a crucial level after collecting liquidity above it. This development over the past 48 hours indicates that BTC will consolidate here before continuing its ascent. Ethereum and Ripple follow the pioneer crypto closely and show promise of gains soon. BTC/USD 3-hour chart VeChain price is at an inflection point in its journey up as it approaches a crucial hurdle. A successful flip of this resistance level into support will kick off a continuation of the uptrend. A failure, on the other hand, could result in a retracement that will likely undo recent gains. VET/USDT 4-hour chart…
The Russian central bank allegedly said it wants to ban investments in cryptocurrencies in the country, seeing risks to financial stability in the rising number of crypto transactions.The country’s financial kingpin did give digital currencies legal status in 2020, but it prohibited using them as a means of payment.However, the chairman of the Duma Committee on Financial Markets, Anatoly Aksakov, said there was a very tough approach to the complete prohibition of cryptocurrencies, such as acquisition or ownership.“There exists an approach where there must be appropriate crypto exchanges, where everything is legalised, transparent, and understandable to regulatory bodies,” he said.“It…
If you’re familiar with the crypto world you’ve undoubtedly heard of SafeMoon. The Utah-based company is less than a year old but has gained an impressive following, with millions of users holding SafeMoon tokens or coins. Ever since Bitcoin came into being several years ago, thousands of entrepreneurs have created their own cryptocurrencies. SafeMoon is one of these thousands and has had success in part because their push on social media platforms got millions of retail investors on board. What entices some investors to SafeMoon is the company’s claim that the structure of buying and selling tokens will cause the…
SafeMoon squeezes within tight range, preparing for sharp price movement FXStreet This news is republished from another source. You can check the original article here
An international service provider, T-Systems of Deutsche Telekom, has announced its partnership with Polkadot. The Polkadot network supports interoperability between decentralized blockchains. Analysts observe top signals in the Solana price chart and predict a recent drop recovery. The network’s transaction fees remain low, attracting capital inflow and users to Solana. Dogecoin (DOGE) got caught on the wrong side of the fence yesterday with a nosedive correction of 10% that tested the red descending trend line from August 16. With that test, the bulls jumped in to use the bounce-off as an entry point which sees a higher opening today.…
TAIPEI, Taiwan–(BUSINESS WIRE)–In 2021, the co-operation of celebrities and NFT is actually becoming more and more frequent in the global entertainment industry, as Mandopop King Jay, who helped to raise a total of 846 million USD (109 million USD) in Sotheby’s auctions, has recently made a move! On 31 December, Jay said he had received a “first special NFT gift”. The Ezek platform, founded by Will Liu & Mark G, together with Ed Ow (pioneer of NFT and Crypto technology for HTC and FullDive) and producer Johnson Chiang, will also announce the launch of Phanta Bear NFT on 1 January…
What happened It was one of the most heavily traded cryptocurrencies earlier this year, but Dogecoin (CRYPTO:DOGE) hasn’t been a good investment lately, falling around 75% from its May high. However, the dog-themed coins showed some signs of life today, gaining 5.5% over the previous 24 hours as of 3 p.m. ET, according to CoinMarketCap. This modest jump is probably related to strong returns in the broader cryptocurrency market today. But there is another reason it’s up as well. So what Elon Musk is the CEO and founder of Tesla, although he prefers to call himself the “Technoking” of Tesla…
One week from today, we’ll turn the page on what’ll certainly be another successful year for investors. The broad-based S&P 500 was higher by a cool 22% through Dec. 20, which effectively doubles up its average annual total return, including dividends, over the past four decades. But the gains have been even more robust for cryptocurrency investors. With an aggregate market value of $2.2 trillion, the total value of all cryptocurrencies has surged higher by 184% in 2021. Shiba Inu-themed coins have been incredibly popular in 2021. Image source: Getty Images. Dogecoin has delivered life-altering gains since Dec. 2013 Yet…