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Showing posts from February, 2023

Dodo Price Drops 11% To $0.261 – Buy DODO Cheaply?

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Dodo price is trading in the red after losing 10.79% over the last few days to exchange hands just above $0.26. Its daily trading volume was up 15.85% over the last 24 hours to stand at roughly $130 million. At the time of writing, DODO’s live market cap was $116.2 million, placing it at #257 on the CoinMarketCap ranking.  DODO Price Bulls May Exploit A Bullish Triangle Too $0.354 The Dodo price was rejected from the $0.30 level after a fakeout above the x-axis of the ascending triangle turned out to be a bull trap. On Tuesday, the bulls attempted to breach the aforementioned barrier without success. The bears sold on the rally causing the price to drop 2.55% in the last 24 hours to the current levels. Ascending triangles are significantly bullish technical formations and feature exact breakout targets equal to the distance between the highest and the lowest points. The ascending trendline, as observed from the four-hour chart below, has been supporting the DODO price for more than

Neo Price Prediction for Today, February 27: NEO/USD Faces the North; Can It Reach $14 Resistance?

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Join Our Telegram channel to stay up to date on breaking news coverage The Neo price prediction reveals that NEO is facing key resistance at $14 as the market price may gain more upsides. Neo Prediction Statistics Data: Neo price now – $13.3 Neo market cap – $944.2 million Neo circulating supply – 70.5 million Neo total supply – 100 million Neo Coinmarketcap ranking – #55 NEO/USD Market Key Levels: Resistance levels: $17.0, $18.0, $19.0 Support levels: $10.0, $9.0, $8.0 NEOUSD – Daily Chart After touching the resistance level of $13.8, NEO/USD begins to drop with a bearish bias. The coin opens at $12.4, and it is currently trading above the 9-day and 21-day moving averages. For the past few days, the Neo price has been following the bullish movement, aiming to cross above the upper boundary of the channel. Neo Price Prediction: NEO May Spike to the North At the time of writing, the Neo price is trading bullishly, and it is likely to break above the upper boundary

THETA, LIDO, KLAY & EGLD Flash Bullish Signs As BTC Recaptures $23K

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BTC price is chasing after $24,000 again, raising the possibility of LDO, EGLD, THETA and KLAY targeting new year-to-date highs. The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year.  The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction. During periods of uncertainty, some coins enter a deeper correction while a few buck the trend and continue to outperform. Hence, it becomes important to select the right coins to trade. A few coins that have witnessed a shallow correction or have bounced sharply off the support have been selected in

Crypto Investor Buys Silicon Valley Estate for $45 Million

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Join Our Telegram channel to stay up to date on breaking news coverage The former chairman of JetBlue, Joel Peterson, has sold his Silicon Valley estate to a crypto and blockchain investor for about $45 million. The transaction makes it one of the most expensive deals ever recorded in Northern California. Peterson’s Woodside property sits at around 11 acres. Joel Peterson, the former chairman of JetBlue, has sold his 11-acre Silicon Valley compound to a crypto and blockchain investor for close to $45 million, one of the largest home transactions ever recorded in Northern California https://t.co/d2RidLzrzx — The Wall Street Journal (@WSJ) February 25, 2023 However, Mr. Peterson put the property on the market in February 2021 for $49 million. The buyers agreed to buy the property about two months later. However, the listing agent, Arthur Sharif of Sotheby’s International Realty, alleged they negotiated an abnormally extended closing term. Additionally, prior to the closing, t

Dogecoin: Sellers Crowd DOGE Market Ahead of the Weekend

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The crypto currency market has been experiencing a downtrend. Almost every asset had dropped in the last 24 hours. This included meme coins like Dogecoin [DOGE] as well as Shiba Inu [SHIB]. It looks like Elon Musk’s favorite crypto currency could continue this trend into the weekend as well. At press time, Dogecoin was trading for $0.08437 with a 1.28% daily drop. The asset’s trading volume followed suit and dipped by 35% over the last 24 hours. Source – DOGE/USDT Chart on TradingView As seen in the above chart, the price of DOGE has been moving sideways in the asset’s 4-hour chart. Therefore, the direction of its breakout is uncertain. However, a prominent indicator was pointing toward the bears. The Relative Strength Index [RSI] indicator indicated that there were more sellers at the time. With the RSI marker below the 50-day median, the indicator hinted at a bullish notion. If this trend persists, Dogecoin could drop to its immediate level of support, which is at $0.80

Best Crypto to Buy Right Now – CFX, NEO, CCHG, TARO, SAND Next 10x Cryptocurrencies

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Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market is gradually recovering from the brutal winter of 2022, and investors are directing their capital toward projects with strong utility potential. Below is the list of the best crypto at the moment, with a solid use case and extensive growth potential. C+Charge (CCHG) In order to make the carbon credit market accessible to all participants, particularly electric vehicle drivers, C+Charge is building a platform for seamless payment solutions based on blockchain technology. C+Charge is a platform that provides electric vehicle drivers with a unified app to simplify their experience. The app links EV owners to charging networks, making it easy to monitor and plan charging times as well as cost for recharges directly from the app’s C+Charge cryptocurrency wallet. The app allows users to drive without worrying about unnecessary expenses by providing access to real-time information about

DeFi “Ponzi scheme” Founders Indicted

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Forsage used Ponzi-like smart contracts, according to the DOJ. A federal grand jury in Oregon indicted the founders of the $340 million “global Ponzi” scheme Forsage. A Feb. 22 Department of Justice (DOJ) statement accused the four Russian founders, Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov, of playing important roles in the scheme that raised $340 million from victim-investors. “Today’s indictment is the result of a rigorous investigation that spent months piecing together the systematic theft of hundreds of millions of dollars,” said U.S. Attorney Natalie Wight for the District of Oregon, adding: “Bringing charges against foreign actors who used new technology to commit fraud in an emerging financial market is a complicated endeavor only possible with the full and complete coordination of multiple law enforcement agencies.” Forsage, a low-risk decentralized finance platform on the Ethererum blockchain, promised long-ter

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of FOMC Minutes 

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Bitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Following a recent move to a multi-month high, prices have slipped, with traders instead protecting profits. Ethereum has also declined, however remains above the $1,600 mark. Bitcoin Bitcoin (BTC) extended recent declines on Wednesday, as markets began to anticipate the upcoming FOMC minutes report. Today’s report will shed light on the Federal Reserve’s current view of the U.S. economy, in light of last month’s 25-basis-point hike. As a result, BTC/USD fell to an intraday low of $23,902.54 on hump-day, less than 24 hours after hitting a high of $24,824.10. BTC/USD – Daily Chart The decline comes following two breakouts, first the 14-day relative strength index (RSI) moving below a support point at 61.00, plus prices falling under $24,200. Currently, the index is tracking at a reading of 59.24, which is its weakest point since February 14.

Biggest Movers: BCH Hits Fresh Multi-Month High, Whilst MATIC Extends Declines 

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Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which dropped for a fourth straight day. Bitcoin Cash (BCH) Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish. Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session. As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00. BCH/USD – Daily Chart Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI). Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88. Despite the next visible ceiling being a

What is Interlay?

What is Interlay? Interlay is a blockchain technology company that aims to connect different blockchain networks and enable the seamless transfer of assets between them. Interlay focuses on building interoperability solutions that allow users to move digital assets between different blockchain platforms, such as Bitcoin, Ethereum, and Polkadot. Furthermore, Interlay has developed a protocol called XCLAIM, which is an open-source solution for cross-chain asset transfers. XCLAIM aims to simplify the process of transferring digital assets between blockchains. It uses a trustless, decentralized system that eliminates the need for intermediaries. XCLAIM uses a collateralized system to ensure that assets are securely transferred between blockchains. It also enables users to earn rewards for providing liquidity to the system. Interlay also offers a service called PolkaBTC. It is a trustless way of locking Bitcoin on the Bitcoin network and minting a corresponding amount of PolkaBTC on the Pol

Top Analyst Predicts Break Down Of 3 Altcoins And BTC Rise

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A crypto analyst that a lot of people pay attention to is pointing out a key price level that king crypto Bitcoin (BTC) must break through to keep going up. Cryptocurrency trader Rekt Capital tells their 335,600 Twitter followers that Bitcoin must end the week above $23,744 for its upward trend to continue. “BTC retest is now in progress Ultimately, a Weekly Close above this key area is what BTC needs to achieve to break this confluent area of resistance to continue moving higher.” Source: Rekt Capital/Twitter Rekt claims that Bitcoin (BTC), which is now trading for $23,400, has to rise a bit more in order to validate its upward trend relative to the 200-week moving average (MA). “BTC has performed a picture-perfect rejection at the 200-week MA BTC needs to reclaim this MA as support to enjoy strong trend continuation.” Source: Rekt Capital/Twitter Next, the analyst looks at the utility token of the COTI payments infrastructure platform