Ethereum failed to continue above $2,900 against the US Dollar. ETH price corrected gains and it is now trading near a major support at $2,640 and the 100 hourly SMA. Ethereum broke the $2,850 resistance, but it failed to gain pace above $2,900. The price is now testing the $2,650 support and the 100 hourly…
Bitcoin price failed to clear the key $40,000 resistance zone against the US Dollar. BTC is correcting gains and it remains at a risk of more losses towards $36,000 or $34,000. Bitcoin is struggling to clear the $40,000 and $40,500 resistance levels. The price is currently holding the $37,000 support and the 100 hourly simple…
Key Takeaways Enjin placed QR codes on social media ads allowing users to download a free NFT. All 50,000 NFTs were claimed within 48 hours, attracting 38,000 new Enijn Wallet users. The campaign highlights the disruptive potential of NFTs in the marketing industry. Share this article Enjin placed QR codes in social media advertisements to…
Key Takeaways The Polygon team has launched its long-awaited software development kit (SDK). The Polygon SDK will enable developers to deploy their own EVM-compatible blockchains on the network. The launch pushes forward Polygon’s vision of creating a multi-chain ecosystem for Ethereum. Share this article Polygon, a scaling and infrastructure development on Ethereum, has launched the…
Bitcoin price is still below $40,000, after just weeks ago trading at over $64,000 per coin. The selloff shocked market participants of all sizes, prompting fears that the bull market is now over and a bear phase is next. A trader who predicted this recent collapse months in advance using high timeframe technical analysis, now…
Ethereum extended its upward move above the $2,750 resistance zone against the US Dollar. ETH price is showing positive signs and it could rise towards $3,000 or even higher. Ethereum extended its recovery wave above the $2,650 and $2,750 levels. The price is now trading above the $2,700 support and the 100 hourly simple moving…
Bitcoin price is holding gains above the $38,000 pivot level against the US Dollar. BTC is signaling more gains above the $40,000 resistance zone in the near term. Bitcoin is showing positive signs above the $37,000 and $38,000 resistance levels. The price is trading nicely above the $37,000 zone and the 100 hourly simple moving…
Key Takeaways Indonesia is working on a central bank digital currency, Governor Perry Warjiyo has announced. Transaction volumes on digital banking platforms has surged since the start of the pandemic. The U.S. and a number of other countries are also in the process of researching CBDCs. Share this article Indonesia has seen a strong increase…
Bitcoin price collapsed by more than 50% from its recent highs set only one month ago. The sharp decline now represents that largest drop in the history of the cryptocurrency – but there’s still several days left for the monthly candle to close. That means bulls can undo the damage done by the recent crash,…
Share this article More promising developments on the Polygon network, this time courtesy of Formation Fi. Formation Fi to Build on Polygon Formation Fi is developing an automated market maker on Polygon. The DeFi project is hoping to leverage Polygon’s scaling capacity to create a chain-agnostic yield farming protocol. Polygon is one of Ethereum’s leading…
Ethereum extended its upward move above the $2,550 resistance zone against the US Dollar. ETH price settled above the 100 hourly SMA and it might continue to rise. Ethereum extended its recovery wave above the $2,550 and $2,600 levels. The price is now trading above the $2,500 support and the 100 hourly simple moving average….
Bitcoin price gained bullish momentum above the $38,000 resistance against the US Dollar. BTC is now consolidating gains and it is likely to remain supported near $37,000. Bitcoin started a steady increase above the $37,000 and $38,000 resistance levels. The price is now trading above the $37,000 zone and the 100 hourly simple moving average….
