Ethereum (ETH)

It has arguably gotten to the point that crypto traders don’t know what to make of India. One minute it seems to be pushing crypto. The next, it’s shoving it down to the lowest rung on the financial ladder. India and Its New Crypto Index Recently, global crypto app Crypto Wire has unveiled a new crypto index for India that will monitor the performances of the world’s top 15 digital currencies. Known as IC15, the product will allow traders in India to view the price...

Just as the overall negative sentiment of the crypto markets, ETH had a rough start of 2022, losing over 20% during the first week of the new year. Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 The past week saw a significant crypto crash where ETH went as low as $2,987 (Bitstamp) on Saturday before recovering above the $3K support level as of today. Last Wednesday, the market entered into a sustained selloff: so far, ETH saw four consecutive daily...

Steven Galanis, the CEO of the leading marketplace for personalized video shoutouts – Cameo – joined the NFT world by purchasing a Bored Ape Yacht Club art for 100 ETH. At the same time, Migos’ Takeoff said he bought a Mutant Ape Yacht Club NFT. After the stellar 2021 NFTs had, specific projects from the industry continue to attract business people and celebrities in 2022 who allocate funds to digital arts and even update their Twitter profile picture to include them. BYAC is...

[PRESS RELEASE – Zug, Switzerland, 6th January 2022] Autonomy Network, an off-the-shelf decentralized automation protocol, is thrilled to introduce AutoSwap, the first-ever dApp to offer limit order, stop loss, impermanent loss protection, and recurring payment features for Binance Smart Chain-based DEXes such as PancakeSwap. The dApp will also be available on Ethereum, Polygon, Avalanche, Solana and other chains. It’s the first time that these features have become available...

Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant Crypto Player The details of how UST and LUNA worth $139 will be used on different DeFi platforms are contained in the document...

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

The electronics giant Samsung introduced a new feature allowing clients to virtually attend quests or live music events. The company’s new metaverse experience is called Samsung 837X and is modeled on the physical flagship location in New York. Samsung Joins The Metaverse League In a January 6 announcement, the Korean firm described the feature as an “immersive world that can be explored virtually.” Samsung 837X is an “experiential playground for people to discover the...

Litecoin price declined sharply below the $150 zone against the US Dollar. LTC price is now trading below $150 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $145 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $130 support. Litecoin price is gaining bearish momentum below $140 against the US Dollar, similar to bitcoin. LTC...

The price of bitcoin has fallen from around $51,000 to just over $47,000 at the time of writing, and several other forms of crypto are also feeling the heat. Ethereum, for example, has risen about 400 percent since the beginning of the year, though it is set to experience its worst month since March of 2021. Bitcoin Has Taken a Dip According to many analysts, the problems stem from growing Omicron cases – the new coronavirus variant – and from climate change. While many...