Author: hotcrypto

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polkadot’s [DOT] efforts to alter the long-term bearish trend took a toll after an expected rising wedge breakdown. The $9.4-$9.6 resistance range rekindled the selling inclinations. Also, this bearish pull has invoked a bearish crossover on the 20/50/200 EMA. Any rebound from the $7 zone could help the alt ease the selling pressure. At press time, DOT was trading at $7.46, down by 11.96% in the last 24 hours. DOT 4-hour Chart Source: TradingView, DOT/USDT Since dropping toward its…

From Bored Ape portraits to pixelated CryptoPunks, 2D avatar NFTs—commonly referred to as PFP or profile picture NFTs—have come to dominate the NFT market.  Non-fungible tokens (NFTs) are unique blockchain tokens that signify ownership, but for many, the term NFT is synonymous with PFPs such as Bored Ape Yacht Club and CryptoPunks.  However, these PFPs are, in fact, distinct from the blockchain token they’re connected to. PFP images—such as that of a Bored Ape—are in fact the associated metadata connected to NFTs.  What is a PFP NFT? In short, it’s an image, typically static and two-dimensional, that can be bought…

While the broader crypto market remains in the doldrums following this week’s sell-off, some cryptocurrencies are defying the bearish trend. Among them is meme coin Shiba Inu (SHIB), which is up by around 4.5% on the day and over 7% on the week, and is currently trading at $0.0000135, per CoinMarketCap. SHIB’s upwards price action follows a spike in the token’s burn rate earlier this week. Holders burned just under 15,000,000 SHIB on August 17, which increased to over 180,000,000 on August 18, according to the Shib Burn Tracker—an jump of over 1,100%. However, the surge appears to have been…

Singapore, 20th Aug 2022, SnoopApe team is proud to announce the launch of $SAPE that will be happening in 2 / 3 months time and the whitelist subscription is currently open. SnoopApe is a revolutionary Ecosystem developed using the latest Web3 technology catered specifically to generate passive income, by holding SnoopApe, holders will receive USDC as a reward. SnoopApe was ultimately derived from the observation of numerous errors that contributed to the downfall of tokens on BSC and ETH in the past year.  SnoopApe team have worked in total silence for approximately 6 months, drafting out a study plan and the development of…

Hundreds of millions of dollars worth of crypto assets are being liquidated as the leading digital asset Bitcoin (BTC) sees a 10% plunge in its price. New data from market intelligence firm CoinGlass reveals that crypto positions worth approximately $601.20 million have evaporated over the past 24 hours amid a sharp downturn in the crypto markets. The positions affected most are related to BTC, followed by top altcoin Ethereum (ETH). Coinglass unveils that over the past 24 hours, Bitcoin positions worth $223.06 million have been wiped out, while the value of the liquidations in Ethereum positions is approximately $162.48 million.…

Campaigning for the November MidTerm elections is already underway in the US.  Candidate for Utah January Walker has decided to fund her campaign by selling NFTs created on the Cardano blockchain.  🏛✨NFT Fundraiser Alert ✨🏛Launching 8/13 🚀 “A people centric government empowered through technology.” Follow@UtahPolitician@MintCityCNFT@TYLRwithspaces @UnitedUtahParty @ForwardParty Be a part of history. 🤝$ADA #Cardano #NFTs #UTPol #Election2022 #blockc pic.twitter.com/BqpNmB7rLj — January Walker | US Congress UT04 (@UtahPolitician) August 5, 2022 Fundraising by selling NFTs began on 13 August, but it is not yet known how much has been raised so far.  Four different NFTs have been minted, Yard Sign, Pin…

Bitcoin Money value crashed sharply as buyers waited for the upcoming FOMC minutes. The BCH token dropped to a low of $135, which was a lot decrease than this month’s excessive of $147.90. Its market cap has dropped to over $2.6 billion. FOMC minutes forward Bitcoin Money and different cryptocurrencies declined sharply because the Fed prepares to publish minutes of July’s assembly. In that assembly, the financial institution determined to hike rates of interest by 0.75% for the second straight month. In consequence, the Fed has elevated charges by 225 foundation factors this 12 months.  These minutes will present extra…

A significant portion of internet traffic is generated by streaming and video-sharing websites. The majority of the income, however, goes to businesses and platforms like YouTube rather than the content creators responsible for the growth of streaming services.Theta proposes a decentralized video streaming network to address this issue. The platform rewards all content producers, viewers, and users who contribute to decentralizing the online video market through its native coin.This article will examine how to buy Theta tokens, how the digital asset works, and where to buy it.Where to Buy Theta Network THETAThis section is our top picks of where and…

Ethereum 2.0 is not born yet, but already at this point it may find itself at the mercy of the United States. if platform (rythm) staking were to achieve restrictions such as those suffering from Tornado Cache, the network would be completely compromised. Tornado Cash was a platform that protected itself against the state behind a veil of “decentralisation”. Its purpose was to enhance the privacy of the cryptocurrencies that users receive, preventing them from being traceable., However, under the argument that it was used by criminals, the United States Treasury decided to approve the Tornado Cash, considering it a…

  Over the past 24 hours, Avalanche’s AVAX/USD price has fallen 13.14% to $22.58. This continues its negative trend over the past week where it has experienced a 21.0% loss, moving from $28.85 to its current price. The chart below compares the price movement and volatility for Avalanche 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.…