XRP/USD – Bulls Battle To Maintain $1 Key Support Levels: $1.00, $0.9, $0.8282Key Resistance Levels: $1.05, $1.25, $1.32. XRP has rebounded by a total of 61% from Sunday’s low, around $0.62 but is struggling to break $1.05. The cryptocurrency closed Sunday’s daily candle at around $0.8 and started to shoot higher on Monday to reach $1.00. Yesterday, XRP managed to penetrate $1 but failed to overcome resistance at $1.05, provided by a bearish .382 Fib Retracement. Today, XRP...
Read More »Fuji: Business Demands a Fresh Look
Over the years since the launch of the most famous web platform for a collective donation of funds for business ideas, billions of dollars have been raised for the development of startups. New platforms appear regularly to help investors and startups make money. Fuji is a full-fledged investment marketplace that has its infrastructure and economic environment. This is a fairly young project that offers development to investors and experienced entrepreneurs, as well as...
Read More »EOS Price Analysis: Make-or-Break Setup With Resistance At $7
EOS declined heavily below $10.00 and $8.00 support levels against the US Dollar. The price is currently trading near the $6.50 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $6.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $6.50 and $7.00 to start a strong increase in the near term. EOS price is correcting losses from $4.00 against the US Dollar, similar to...
Read More »Litecoin (LTC) Price Analysis: Risk of More Downsides Below $160
Litecoin price remains in a bearish zone below $220 and $200 against the US Dollar. LTC price is now trading below the $200 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $210 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate lower as long as it is below $200 and $220. Litecoin price is struggling to clear the $200 barrier against the US Dollar,...
Read More »Tom Lee: BTC Could Hit $100K By the End of the Year
Tom Lee – a Wall Street analyst of Fundstrat fame – has announced that bitcoin could potentially reach a price of approximately $100,000 by the end of the year. Tom Lee Predicts $100,000 for BTC By End of 2021 Lee has consistently been there to push bitcoin. He has been one of the world’s biggest bulls since day one, and he has always suggested largescale prices for bitcoin in the long run, but as usual, his discussions should always be taken with a grain of salt –...
Read More »Elon Musk and Michael Saylor Form the Bitcoin Mining Council
Not long ago, it was reported that Elon Musk was starting to ask bitcoin miners where they got their energy from as a means of better understanding who was using clean energy to extract coins and who was not. Elon Musk Isn’t Putting His Mining Fears to Rest Now, it appears Musk has initiated the first collection of conversations with these miners, and he is happy about the information he has received. This has ultimately sent bullish waves through the crypto space and...
Read More »Ray Dalio: The Government Could Be Harmful To BTC
Billionaire Ray Dalio has admitted that he owns bitcoin, though how much he can presently say is in his private stash remains undisclosed. Nevertheless, it is always positive to see that the big money hounds of the world are beginning to take bitcoin and cryptocurrency seriously, and thus we can likely expect to see the asset reach mainstream status in the coming months. Ray Dalio Warns Crypto Lovers of Government Regulation As a founder of one of the largest hedge funds...
Read More »Canadian Watchdog Alleges Crypto Exchange of Breaking Securities Law
Poloniex – a multinational crypto exchange – caught the eye of Canadian securities regulators. The watchdog launched actions against it under the accusations of not complying with Ontario rules. Against The Law In a recent statement, the Ontario Securities Commission (OSC) accused the cryptocurrency exchange platform Polo Digital Assets – better known as Poloniex – of not adhering to Canadian laws. According to the document, the trading venue failed to sign up with the agency...
Read More »Abeychain 2.0 Launches Solution To The Blockchain’s Disruption And Decentralization Problem
[PRESS RELEASE – Please Read Disclaimer] ABEYCHAIN 2.0 brings new technology that’s set to shake up the blockchain business. The service has over 150,000 unique users. Following the public presentation at the AIBC 2021 Summit in Dubai, experts are excited about the possibilities and potential of this platform. DEMOCRATIC DISRUPTION ABEYCHAIN2.0 brings a level of fairness and integrity similar to an ideological election in which everyone has a say. With most PoS blockchain...
Read More »Polygon (MATIC) SDK Arrives: Developers Can Now Deploy Chains to Ethereum
Polygon, the Ethereum layer-2 solution formerly known as Matic Network, has released the first version of its network enabling developers to deploy ETH-compatible chains using the Ethereum Virtual Machine. Dubbed Polygon SDK, it marks the start of Ethereum’s transition into a multi-chain ecosystem. Polygon SDK Arrives Ever since the protocol’s rebranding from Matic Network to Polygon, announced earlier this year, the team has strived to turn Ethereum into an Internet of...
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