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Vechain price shows sign of distress as 8% drop gets underway in order to cool down overheated rally
Vechain price sees bulls struggling to hold ground above key technical areas.
VET is set to tank once this rally’s backbone breaks to the downside.
At least an 8% decline is granted with a risk of even a 15% decline if the rally unwinds completely.
Vechain (VET) price has been on a tear with an already 30% gain achieved at one point. The jump came after a rescue package was put together that bails out any Silicon Valley Bank deposit holder and in its turn triggered a rally in Bitcoin. Still the weakness experienced by three banks connected to the crypto industry over the past month is putting pressure on the price action as the picture is nowhere near that rosy for altcoins as presumed these past few days.
Vechain bulls to receive final blow that will kill off this rally
Vechain price was issuing warning signals to traders as the Relative Strength Index (RSI) on Tuesday was shooting through the overbought barrier. In line with that, bulls pierced through the 55-day Simple Moving Average (SMA) and could not open and close above that line. What followed was a fade that is now squashing remaining bulls against the green ascending trend line.
Vechain price shows sign of distress as 8% drop gets underway in order to cool down overheated rally
Vechain price sees bulls struggling to hold ground above key technical areas.
VET is set to tank once this rally’s backbone breaks to the downside.
At least an 8% decline is granted with a risk of even a 15% decline if the rally unwinds completely....
12,000 earned
Let's work it together
Let's work it together
11,000 earned
Machine learning algorithm sets Stellar (XLM) price for January 31, 2023
With the beginning of the new year, the cryptocurrency market has already started to demonstrate some careful optimism and recovery from the troubles that plagued it in the previous months, and that includes Stellar (XLM), which is recording solid gains on its weekly charts.
Meanwhile, the algorithms based on machine learning technology over at the cryptocurrency tracking website PricePredictions have set the price of Stellar at $0.082476 on January 31, 2023, as per the platform’s latest data retrieved by Finbold on January 11.
According to the algorithm, which draws insights from technical analysis (TA) indicators such as the moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others, this result would represent a 2.91% increase to the price of Stellar at press time.
Read More: https://finbold.com/machine-learning-algorithm-sets-stellar-xlm-price-for-january-31-2023/
Machine learning algorithm sets Stellar (XLM) price for January 31, 2023
With the beginning of the new year, the cryptocurrency market has already started to demonstrate some careful optimism and recovery from the troubles that plagued it in the previous months, and that includes Stellar (XLM), which is recording solid gains on its weekly charts.
Meanwhile, the algorithms based on machine learning technology over at the cryptocurrency tracking website PricePredictions have set the price of Stellar at $0.082476 on January 31, 2023, as per the platform’s latest data retrieved by Finbold on...
13,000 earned
Stellar (XLM) fails to make any positive breakout!
XLM is the ticker symbol for Stellar, a decentralized protocol for sending and receiving money in any pair of currencies. The goal of Stellar is to make it possible for anyone, anywhere, to send and receive payments quickly and inexpensively.
It was founded in 2014 by Jed McCaleb and Joyce Kim and is based on the Ripple protocol. The native asset of the Stellar network is called Lumens (XLM). Lumens are used to facilitate transactions on the XLM network and are available for buying, selling, and trading on major cryptocurrency exchanges.
The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of the Stellar network. It was established in 2014 by Jed McCaleb and Joyce Kim to promote financial inclusion and increase access to low-cost financial services.
Full Article: https://www.namecoinnews.com/stellar-fails-to-make-any-positive-breakout/
Stellar (XLM) fails to make any positive breakout!
XLM is the ticker symbol for Stellar, a decentralized protocol for sending and receiving money in any pair of currencies. The goal of Stellar is to make it possible for anyone, anywhere, to send and receive payments quickly and inexpensively.
It was founded in 2014 by Jed McCaleb and Joyce Kim and is based on the Ripple protocol. The native asset of the Stellar network is called Lumens (XLM). Lumens are used to facilitate transactions on the XLM network and are available for buying, selling, and trading on major cryptocurrency exchanges....
2,000 earned
Polkadot blockchain leading Web3, its social reach exceeds 43 million
Polkadot (DOT) is a scalable blockchain that provides interoperability between different networks as well as a secure protocol for connecting different chains. In other words, it is a Web3 project aimed at developing IT infrastructure for a decentralized web, at the center of which, along with other projects, will be Polkadot.
Bill Noble, an experienced Wall Street tech analyst, spoke of an inevitable “crypto spring.” Meaning that a crypto market revival is very near, with Web3 as the next Internet, led by Polkadot and Ethereum.
Bill Noble believes that the current crypto winter has one long-term advantage: cleaning up the market and liquidating less viable projects. In fact, the analyst thinks previous market growth was driven by massive liquidity injections by central banks.
He then argues that when central banks stopped printing money, that is when the ‘2008 crash’ of cryptocurrencies occurred. Speculative assets, which should never have gone up in the first place, rightly went back to zero.
Noble believes that we can already see the first hints of crypto spring, that is, a recovery of growth after the crash, in a manner not very different from what happened in conventional financial markets after 2008 or 1987.
He also points out that several experts, including Warren Buffett himself, devalued the Internet and Amazon after the 2002 crash. However, Buffett told CNBC in 2019 that he was “an idiot for not buying” Amazon stock in the past.
Full Article: https://en.cryptonomist.ch/2022/12/27/polkadot-blockchain-web3/
Polkadot blockchain leading Web3, its social reach exceeds 43 million
Polkadot (DOT) is a scalable blockchain that provides interoperability between different networks as well as a secure protocol for connecting different chains. In other words, it is a Web3 project aimed at developing IT infrastructure for a decentralized web, at the center of which, along with other projects, will be Polkadot.
Bill Noble, an experienced Wall Street tech analyst, spoke of an inevitable “crypto spring.” Meaning that a crypto market revival is very near, with Web3 as the next Internet, led by Polkadot and...
6,000 earned
ETH staking on top exchanges contributes to Ethereum censorship: Data
One of the biggest factors harming Ethereum’s credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges.
For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys.
Nearly 60% of all post-Merge Ethereum blocks comply with the United States sanctions put forth by the Office of Foreign Assets Control (OFAC). While the crypto community stands against this transformation, many fail to realize their own contribution to helping Ethereum attain total OFAC compliance.
One of the biggest factors harming Ethereum’s credible neutrality is the use of censoring Miner extractable value (MEV) relays by crypto ecosystems and exchanges. MEV relays work as a mediator between block producers and block builders, which are being used by prominent crypto players, such as Binance, Celsius Network, Coinbase, Kraken and Cream Finance, to name a few.
Full Article: https://cointelegraph.com/news/eth-staking-on-top-exchanges-contributes-to-ethereum-censorship-data
ETH staking on top exchanges contributes to Ethereum censorship: Data
One of the biggest factors harming Ethereum’s credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges.
For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys.
Nearly 60% of all post-Merge Ethereum blocks comply with the United States sanctions put forth by the Office of Foreign Assets Control (OFAC). While...
5,000 earned
Top Crypto Analyst Predicts Ethereum Will Massively Outperform Bitcoin in 2023 – Here’s His Target
The crypto strategist who correctly called Bitcoin’s (BTC) 2018 bottom is predicting that Ethereum (ETH) will launch epic rallies next year en route to becoming the largest digital asset by market cap.
The pseudonymous analyst Smart Contracter tells his 216,700 Twitter followers that he expects the ETH/BTC pair to skyrocket toward a level not seen in about half a decade.
A bullish ETH/BTC chart suggests that Ethereum will likely generate more gains than Bitcoin.
Says Smart Contracter,
“If ETH/BTC every gets to 0.062 [BTC] in Q1 2023, it’ll be a screaming buy. This is one of the trades im looking forward to the most next year. Will definitely take a few months though.”
Read Full Analysis: https://dailyhodl.com/2022/12/13/top-crypto-analyst-predicts-ethereum-will-massively-outperform-bitcoin-in-2023-heres-his-target/
Top Crypto Analyst Predicts Ethereum Will Massively Outperform Bitcoin in 2023 – Here’s His Target
The crypto strategist who correctly called Bitcoin’s (BTC) 2018 bottom is predicting that Ethereum (ETH) will launch epic rallies next year en route to becoming the largest digital asset by market cap.
The pseudonymous analyst Smart Contracter tells his 216,700 Twitter followers that he expects the ETH/BTC pair to skyrocket toward a level not seen in about half a decade.
A bullish ETH/BTC chart suggests that Ethereum will likely generate more gains than Bitcoin.
Says Smart Contracter,...
14,000 earned
Dogecoin: A renewed whale interest could do this for DOGE in the coming days
DOGE was on the list of the top 10 purchased tokens among the 100 biggest BSC whales
However, a few DOGE metrics and market indicators were bearish
Dogecoin’s [DOGE] price action did not manage to make the investors happy, thanks to the on-going bearish market. CoinMarketCap’s data revealed that DOGE was down by more than 15% in the last seven days and at press time was trading at $0.08782 with a market capitalization of over $11.6 billion.
Despite the negative performance, DOGE did manage to remain quite popular among the whales. As per WhaleStats, a popular Twitter handle that posts updates about whale activities, DOGE was on the list of the top 10 purchased tokens among the 100 biggest BSC whales in the last 24-hours.
Full Story: https://ambcrypto.com/dogecoin-a-renewed-whale-interest-could-do-this-for-doge-in-the-coming-days/
Dogecoin: A renewed whale interest could do this for DOGE in the coming days
DOGE was on the list of the top 10 purchased tokens among the 100 biggest BSC whales
However, a few DOGE metrics and market indicators were bearish
Dogecoin’s [DOGE] price action did not manage to make the investors happy, thanks to the on-going bearish market. CoinMarketCap’s data revealed that DOGE was down by more than 15% in the last seven days and at press time was trading at $0.08782 with a market capitalization of over $11.6 billion.
Despite the negative performance, DOGE did manage to remain quite...
1,000 earned
Stellar holders are disappointed as 12 days of Christmas are horrific- price action to wrap up
• The XLM price forms a long descending resistance line.
• Stellar was heavily affected by the FTX meltdown.
The price has fallen by more than a quarter, since the crash.
The Stellar holders are in utter disappointment as these 12 days of Christmas are meant to bring joy and not to be a bummer. The price of the native token, XLM, is on a consistent fall which is not a good sign and indicates the damage the FTX crash caused the DEX, after being users’ favorite due to its varied use cases. Stellar’s (XLM) across-chain system also allows for the transfer of digital assets on multiple blockchains through its interoperable feature, along with the facility of bringing all financial systems and organizations under one network, making access easier for users.
Full Analysis: https://www.thecoinrepublic.com/2022/12/12/stellar-holders-are-disappointed-as-12-days-of-christmas-are-horrific-price-action-to-wrap-up/
Stellar holders are disappointed as 12 days of Christmas are horrific- price action to wrap up
• The XLM price forms a long descending resistance line.
• Stellar was heavily affected by the FTX meltdown.
The price has fallen by more than a quarter, since the crash.
The Stellar holders are in utter disappointment as these 12 days of Christmas are meant to bring joy and not to be a bummer. The price of the native token, XLM, is on a consistent fall which is not a good sign and indicates the damage the FTX crash caused the DEX, after being users’ favorite due to its varied use cases. St...
11,000 earned
Solana (SOL) Remains Huge, This Data Confirms It
Despite the doomtalk around Solana that has persisted in the industry since the FTX implosion, the network still remains one of the biggest networks in the industry. After comparing it to Ethereum, it becomes clear that Solana easily reaches the level of the second-biggest network on the market in several ways.
In one of his most recent posts, Chris Burniske shared surprising data and highlighted the fact that Solana had executed just as many NFT transactions as Ethereum to date. Such numerous transactions tied to NFT should not surprise users that much: back in 2021, Solana became one of the most popular networks among NFT creators thanks to the relatively cheap transactions and the popularity of networks in the space.
Read more on U.Today https://u.today/solana-sol-remains-huge-this-data-confirms-it
Solana (SOL) Remains Huge, This Data Confirms It
Despite the doomtalk around Solana that has persisted in the industry since the FTX implosion, the network still remains one of the biggest networks in the industry. After comparing it to Ethereum, it becomes clear that Solana easily reaches the level of the second-biggest network on the market in several ways.
In one of his most recent posts, Chris Burniske shared surprising data and highlighted the fact that Solana had executed just as many NFT transactions as Ethereum to date. Such numerous transactions tied to NFT should not surprise u...
