Author: hotcrypto
This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s.Ethereum (ETH)Ethereum (ETH) fell by 4.99% on Friday. Following a 7.54% slide on Thursday, Ethereum ended the day at $3,901.After a mixed start to the day, Ethereum rose to an early afternoon intraday high $4,232 before hitting reverse. Falling short of the first major resistance level at $4,373, Ethereum slid to a late intraday low $3,891.The extended sell-off saw Ethereum fall through the first major support…
What happened Dog-inspired meme token Shiba Inu (CRYPTO:SHIB) surged 9.3% over the past 24 hours, as of 9 a.m. ET Tuesday. This move was in line with a broader rebound in the cryptocurrency market, which has rebounded 6.7% to $2.4 trillion this morning. Shiba Inu appears to have regained momentum as traders speculate that Robinhood Markets (NASDAQ:HOOD) could add Shiba Inu to its trading platform. Social media speculation is building, as a petition to see this meme token added to the Robinhood platform has received more than half a million signatures. Image source: Getty Images. So what Last week saw the high-profile addition of…
A popular crypto strategist and trader is unveiling potential breakout plays for Polygon (MATIC), Polkadot (DOT) and VeChain (VET) as we head into the new year. In a new strategy session, analyst Justin Bennett says he’s watching the price action of Polygon, a scaling solution designed to enable the widescale adoption of decentralized apps on the Ethereum (ETH) blockchain. According to the crypto trader, MATIC is trading within an ascending channel and must take out a strong resistance area to continue its uptrend. “Ultimately, anytime a market is testing its all-time high and also carving higher highs and higher lows…
The chief executive of Tether ran a company that faced a string of lawsuits in China over unpaid bills and fines for late tax payments before he helped launch the contentious stablecoin now at the heart of the crypto industry.As crypto has moved from finance’s fringes to its mainstream, investors have increasingly relied on stablecoins, digital tokens backed by real-world assets, as a means to buy and sell volatile currencies such as bitcoin.But as Tether’s role in the crypto universe has mushroomed since it was founded in 2014, with $78bn of its stablecoins now in circulation, so has scrutiny from…
Disclaimer: The text below is a press release that was not written by Cryptonews.com.With the New Year moments away, it’s no wonder that the resolutions are being written, the eldest sibling is preparing to run out and in of the house to signify taking out the old and bringing in the new… and we’re all dolled up to the eyeballs with some kind of paper hat on our heads…But what does this mean for cryptocurrencies this coming year, 2022, and why HUH Token and Safemoon could be the ones to watch after the countdown to midnight of course!A New Year,…
The digital economy is flourishing in 2021. With conventional financial assets like bonds, shares, treasury bills etc not offering high returns to investors, they are turning to cryptocurrencies like Bitcoin and Ethereum. It offers several benefits like anonymity, freedom from the control of government authorities, round-the-clock trading, and quick processing of transactions. Are you an entrepreneur keen on the world of Web 3.0? Start Cryptocurrency development. What is Cryptocurrency? It is a decentralized currency that utilizes peer-to-peer (P2P) technology. Cryptocurrencies have plenty of use-cases and operate in an open-source…
While “utility” became one of the most common topics in the NFT space, chased by artists and entrepreneurs as the magic ingredient for success, Andrew Fai started a platform that is bringing audio-visual Autonomous Sensory Meridian Response (ASMR) art on the blockchain.Foreseeing a strong market demand for a therapeutic sound and visual NFTs, Fai founded xtingles–the world’s first ASMR NFT production and Web3 marketplace for artists and collectors.Treating anxiety, depression, and insomniaAccording to Fai, “Digital Renaissance” is here, and while he has no doubt that NFTs will continue to play an even more significant role in the future, he also…
IOTA (MIOTA) gets a very bullish rating from InvestorsObserver Tuesday. The crypto is up 6.14% to $1.48 while the broader crypto market is down 3.68%. IOTA has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IOTA! Very Bullish Over the last five days, IOTA has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of IOTA over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be…
Crypto Flipsider News – ETH Outflow at 4-Year Low, Kraken Targets NFT Lending, Binance Gets Canadian License, FibSWAP to Launch First DEX App, DAO to Buy Blockbuster, Dogecoin Founder is no Whale Read in the Digest (ETH) outflows on exchanges drop to four year low. Kraken targets NFT art lending, Ozzy Osbourne announces NFT collection, Ferrari (NYSE:) Formula 1 partners with Velas. Canada issues Binance license to offer crypto-services, FibSwap to launch the world’s first DEX app. DAO group aims to raise $5 million to buy and revive Blockbuster. Founder Billy Markus reveals his DOGE holdings. Ethereum (ETH) Outflows on…
In line with standardizing practices for the up-and-coming Cardano DeFi ecosystem, the Cardano DeFi Alliance (CDA) offers a framework for protocol developers to work together on critical issues and strategic development.First announced in mid-December, the CDA sets out to promote the benefits of the Cardano blockchain with a view to setting DeFi industry standards.“The primary mission of the CDA is to provide collaboration among leading DeFi protocols, provide open-source libraries, craft best practices, and innovate within the Cardano DeFi ecosystem.”Formally structuring Cardano’s DeFi ecosystem seems like a step in the right direction as far as collaborative development goes. But, critics…