Category Archives: Altcoin
Crypto Analyst Predicts Further Rallies for Two Explosive Altcoins, Updates Bitcoin Forecast – The Daily Hodl
A popular crypto strategist and trader is predicting more rallies to come for two low-cap altcoins that have recently shown strength.
The pseudonymous analyst known in the industry as Altcoin Sherpa tells his 184,400 Twitter followers that decentralized derivatives exchange Injective Protocol (INJ) is the gift that keeps on giving.
This entire area ($2.00) is a big supply zone. With that said, its been tapped several times the last few weeks, and I think a lot of sellers are gone around $2. Im riding this one until $2.50, entry around $1.80
At time of writing, INJ is trading at $1.93, up over 8% in the last seven days. A move to Altcoin Sherpas target suggests an upside potential of nearly 30% for INJ.
Another altcoin on the traders radar is SushiSwap (SUSHI), also a decentralized exchange protocol. According to Altcoin Sherpa, SUSHI is facing some resistance at current levels but he believes that the altcoin will continues to rally toward his target.
SUSHI: Current area is scary bit I still think it probably goes to $1.60 eventually.
At time of writing, SUSHI is swapping hands for $1.38, an over 22% increase in the past seven days.
As for Bitcoin (BTC), the popular analyst predicts a move down to the $18,000 level if the king crypto fails to hold the equilibrium of its range at around $19,500.
Two scenarios that Im eyeing. This is an unclear area for now. Conflicting signals and the exponential moving averages are all right near price; theoretically should provide some support, but when price is flipping between EMAs so consistently, its less likely to be strong support or resistance, in my opinion.
At time of writing, Bitcoin is valued at $19,412, flat on the day and below Altcoin Sherpas range equilibrium.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
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Crypto Analyst Predicts Further Rallies for Two Explosive Altcoins, Updates Bitcoin Forecast - The Daily Hodl
Terra (LUNA) Price Prediction 2025-2030: Altcoin may have $50 in its sights if – AMBCrypto News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCryptos own research on the subject.
The Terra USD stablecoin and the LUNA coin, both introduced in 2019, were created by Terraform Labs. TerraUSD used to be pegged to LUNA to stabilize its price. There have been many ups and downs in the voyage of this pair of coins, UST and LUNC. Do Kwon and Daniel Shin, two South Korean businessmen, launched Terraform Labs in Seoul in 2018. They introduced UST, a native stablecoin tied to LUNA, in 2019.
Heres AMBCryptos Price Prediction for LUNA for 2023-24
Stablecoins like UST were introduced to protect investors from the extreme price volatility of popular cryptocurrencies like Bitcoin. Especially since a stablecoin has a fixed price.
As fiat currency is pegged to reserves such as gold, a stablecoin is pegged to either a fiat currency (e.g. USD) or a supporting cryptocurrency. In this case, TerraUSD was pegged to Luna. But herein lies the conflict. A cryptocurrency isnt an equivalent to gold reserves. As Luna prices got destabilized, it had an impact on UST prices too, and the entire stablecoin system collapsed in the second quarter of 2022.
The stablecoin project was aimed at complementing the price stability and wide adoption of fiat currencies with the decentralized model of cryptocurrency.
Even those who are only vaguely familiar with the cryptocurrency industry know of the apocalyptic collapse of LUNA and UST in May 2022. This collapse was crucial in instigating the cryptocurrency crisis thereafter.
LUNA was one of the markets top performers once, with the altcoin once among the top 10 cryptocurrencies by market value towards the end of 2021.
A Bloomberg report from May 2022 sheds light on the further developments that transpired. It was in early May 2022 that the Terra system collapsed as large investors began selling their tokens. The move caused a huge drop in the price of the coins. While the price of UST fell to $0.10, LUNAs price fell to almost zilch.
The cryptocurrency market lost around $45 billion within a week in the ensuing bloodbath, leading to a global crash in the market. The leadership of the Terra system hoped to buy Bitcoin reserves to buy more UST and LUNA coins so that their prices can be stabilized, but the plan didnt work.
Thousands of investors across the globe lost significant amounts due to the mishap. In the immediate aftermath, the Korean National Tax Service imposed $78.4 million in corporate and income tax on Do Kwon and Terraform Labs after a Terra investor filed a police complaint against the co-founder.
In fact, an affected investor even broke into Kwons house in South Korea. His wife then sought security from the police.
In July 2022, News1 Korea reported that South Korean prosecutors raided 15 firms, including seven cryptocurrency exchanges in relation to the investigation around the Terraform collapse. More than 100 people who filed complaints with the prosecutors office reportedly had losses totaling roughly $8 million.
Only a few days back, Financial Times reported that South Korean prosecutors have reportedly asked Interpol to issue a Red Notice against Kwon. Kwon, however, tweeted that he is not on the run from any interested government agency. He added that the company is in full cooperation and it doesnt have anything to hide.
Many from the industry had been warning the cryptocurrency community about the upcoming doom. Kevin Zhou, CEO of Galois Capital, was one such individual. He said that the result was inevitable as the mechanism was flawed, and it didnt play out as expected However, most people didnt pay any heed.
On May 25, Bloomberg reported that a new version of LUNA was launched following a hard fork, with the new LUNA coin no longer associated with the devalued UST coin. The older currency is called Luna Classic (LUNC) and the newer one is called Luna 2.0 (LUNA). Though the older cryptocurrency has not been entirely replaced, its community might slowly dissolve as more and more users move to LUNA 2.0.
The new initiative included an airdrop of new LUNA tokens to those who held Luna Classic (LUNC) and UST tokens and suffered. A significant portion of the minted currency is to be reserved for development and mining operations. Currently, there is a supply of 1 billion LUNA tokens.
Recently, the 1.2% tax burn proposal, dubbed proposal #4661, passed the governance vote, as confirmed in a tweet by proposal author Edward Kim. The move was confirmed by Terra Rebels that tweeted that out of 96% cast votes, 99% favoured the 1.2% tax burns.
The collapse of the twin coins proved to be a harbinger of increased government regulations, if not downright opposition, in the cryptocurrency industry. The anonymous model of the industry, much touted to be the foundation of the decentralized cryptocurrency market, was once embraced by all. However, the moment people lost their investments, they rushed to government authorities for redressal.
This is when government financial authorities found the opportunity to push for implementing rules and regulations in the crypto-industry to tackle price volatility, money laundering etc.
The entry of corporate institutions with government oversight into the industry had already set the tone for what was to come. But this collapse furthered this trend. Now, cryptocurrency entities, whether large or small, will likely be overseen by central banks across the globe. In such scenarios, it will be critical to observe how the industry manages to uphold its anonymous and decentralized nature.
A recent Bloomberg report says that an upcoming legislation would ban algorithmic stablecoins such as TerraUSD the collapse of which led to a global crypto crash. The said bill is currently being drafted in the U.S. House. The bill would make it illegal to develop or issue new endogenously collateralized stablecoins.
In a recent interview, Kwon said that his confidence at that time was justified as the market success of his Terra ecosystem was inching close to $100 billion, but his faith now seems super irrational. He admitted the possibility of a mole being there in the organization, but added, I, and I alone, am responsible for any weaknesses that could have been presented for a short seller to start to take profit.
The future of LUNA is a very critical matter for the entire cryptocurrency industry. Launched as a part of the regeneration strategy, its performance so far has not exactly been celebratory.
Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism. The network has 130 validators working at a given point of time. As a PoS platform, the power of the validator is linked to the amount of tokens staked.
How LUNA trades will determine the course of not only this particular cryptocurrency, but a number of stablecoins in the market. If it succeeds in gaining the trust of investors, the venture will go a long way in furthering the cause of the asset class of stablecoins.
In this article, we will lay down the key performance metrics of LUNA such as its price and market capitalization. We will then summarize what the most prominent crypto-influencers and analysts have to say about LUNAs performance, along with its Fear & Greed Index. We will also briefly talk about whether you should invest in the stablecoin or not.
Beginning its journey at around $19 on 28 May 2022, LUNA quickly dropped below $5 the next day itself. By the end of May 2022, its value was just above $11, but it soon spiralled south as June began.
Over the next few months, the value of LUNA kept oscillating between $1.7 and $2.5. At the time of writing, the altcoin was trading at $2.51 after its brief recovery evaporated.
Similarly, its market capitalization isnt as high as it once was. Back in June 2022, its market cap was over $300 million, but it kept oscillating between below $210 and $300 during much of July.
The crisis that unfolded following the collapse of the twin coins impacted the course of the entire market. LUNA has particularly been vulnerable to the volatile market conditions. The Russia-Ukraine crisis and increasing crypto-regulations across the globe have also curtailed the movement of the market.
Before reading further, readers should understand that market predictions of different cryptocurrency analysts can widely vary. And, a good number of times, these predictions prove wrong. Different analysts choose different sets of parameters to arrive at their forecasts. Also, nobody can foresee unpredictable socio-political events that ultimately end up affecting the market.
Let us now have a look at what different analysts have to say about the future of LUNA in 2025.
A Changelly blogpost claimed that experts, after analyzing the previous performance of Terra, have predicted that the price of LUNA will oscillate between $7.26 and $8.62. Its average trading cost during the said year will be around $7.46, with a potential ROI of 384%, they added.
Telegaon too is very bullish in its assessment of the future of LUNA, with its maximum and minimum prices in 2025 being $52.39 and $69.18. It predicts its average price in the said year to be $61.72.
The aforementioned Changelly blogpost stated that the maximum and minimum prices of LUNA in 2030 will be $48.54 and $57.68. The average price of LUNA in the said year will be $50.24, with a potential ROI of 3,140%.
Now, the aforementioned are more recent predictions. Before the events of the last few months, analysts were way more optimistic about the fortunes of LUNA.
Consider Finders panel of experts, for instance. In fact, they forecasted a price of $390 by 2025 and $997 by 2030.
The likes of Digital Capital Managements Ben Ritchie claimed, The LUNA token will continue to gain traction as long as there are no clear regulations in stablecoins. We believe that LUNA and UST will have an advantage and be adopted as a major stablecoin across the crypto space. LUNA is burnt to mint a UST, so if the adoption of UST grows, the LUNA will benefit greatly. Having Bitcoin as a reserve asset is a great decision by the Terra governance.
There were contrary opinions too. According to Dimitrios Salampasis,
Algorithmic stablecoins are considered as being inherently fragile and are not stable at all. In my opinion, LUNA will be existing in a state of perpetual vulnerability.
Thats not all. In fact, at one point of time, there was also talk of Terra emerging as the most staked asset.
If you are considering investing in LUNA, you should understand that it has entered the market following a significant crisis. It is still not listed on a lot of exchanges due to market fear.
We will also have to see how the community of LUNA developers and investors acts in the next few weeks. If they burn enough tokens so as to drive up its price, it can prove to be beneficial for its future. A sustained effort on the part of the cryptocurrency industry, in particular the LUNA community, can go a long way in restoring the trust of investors in the market.
We must again reiterate that market forecasts arent set in stone and can go wildly wrong, particularly in a market as volatile as that of cryptocurrency. Investors should therefore take due caution before investing in LUNA.
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Terra (LUNA) Price Prediction 2025-2030: Altcoin may have $50 in its sights if - AMBCrypto News
Major Altcoin Crash Is Coming Heres Why and What to Expect – Coinpedia Fintech News
The performance of the cryptocurrency market has been on a downward trend and Bitcoin, Binance Coin, and other cryptocurrencies values have all continued to decrease. The likelihood of the market losing value increases as the downward trend persists.
Before the jobs report, Bitcoin was fluctuating around support near $20,000 but fell to a daily low of $19,336 just hours afterwards. Bulls were able to push its price back up to $19,499 as of the time of writing.
According to Chainslab analytics on TradingView, the most anticipated event throughout those four months was The Merge and ethereum ethereum Blockchain NetworkTechnology Followers : 0 View profile , which saw some extremely nice increases. As money poured into ETH, BTC.D (Bitcoin dominance) hit the support.
For example, ETH at $2,000 and $BNB at $33x backtested the criticals ex-support in August from a technical perspective. The strength and momentum in the Altcoins/BTC pairs receded, but they can reach it again if BTC has another bounce.
From a fundamental standpoint, altcoin rallies have never occurred throughout the last quarter well. Entities such as VCs, MMs, and others that require money for EoY Financial Reports must seize earnings and liquidity. The macro view is also detrimental to tech startups globally, making it more difficult for altcoins to hold another significant rally.
Naturally, there are still several other coins with solid gains or a 510% price increase. However, BTC.D is expected to reach a level of 48%, and $BTC is likely to remind the market as a whole of who the king of this sector is. Perhaps ETH/BTC will start at 0.055x once more.
Despite all the volatility and commotion the cryptocurrency market has seen over the last two months, Bitcoin has mostly moved in a sideways fashion close to its 200-week moving average (MA), which has traditionally been a favorable buying opportunity.
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Major Altcoin Crash Is Coming Heres Why and What to Expect - Coinpedia Fintech News
Hold Your Altcoins, the Altseason 2022 is About to Begin Any Time From Now! – Coinpedia Fintech News
The crypto space is pondering within a very narrow range as Bitcoin price is constantly failing to sustain above $20,000. With slashed volatility, the markets are expected to remain consolidated for a longer time. However, BTC prices may get a wider push as unexpected volatility may chip in any time from now.
Additionally, the induced volatility may certainly not guarantee the direction of the upcoming movement as the major factors that impeded the BTC price earlier may reappear soon. Despite the happenings within the crypto space, the star crypto continues to be within a bullish range. Multiple factors are about to kick in, but analyst Micheal van de Poppe believes if the BTC price sustains above $19,500, then it may be the confirmation of an upcoming move.
#Bitcoin still in area of longs, based on the 4H block.
On 1H timeframe, confirmative as well, needs to reclaim $19.5K.
Important week; CPI data PPI data IMF meetings FOMC minutes Lagarde speaking Earnings season
Volatility will come. pic.twitter.com/sRlj2qy1tT
The analyst here lists multiple events which are scheduled to occur in the week and that may impact the BTC price. Therefore, it is very important for Bitcoin to stabalize above the crucial levels presently, to offer a strong base for the altcoins to flourish.
While Bitcoin price is trading sideways, the market participants focus has been shifted to the other tokens or the altcoins. Hence most of them are displaying significant strength and trading above their respective support levels. However, the altcoins are about to witness a major jump as the altcoin market cap is flashing bullish signals.
The altcoin market cap continues to trade along the lower trend line and is trying hard to regain the $600 billion mark. The levels are currently trading within the symmetrical triangle and are about to reach the apex of the consolidation ahead. Therefore, after a brief consolidation, the market cap may break out of the triangle and rise high to reach the immediate high of $700 billion.
This may be when the Altseason 2022 may begin, provided, the Bitcoin(BTC) price continues to trade above $19,000.
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Hold Your Altcoins, the Altseason 2022 is About to Begin Any Time From Now! - Coinpedia Fintech News
This Altcoin Poised To Lead The Next Crypto Bull Run Predicts Raoul Pal – Coinpedia Fintech News
According to former Goldman Sachs executive raoul pal raoul pal co-founder and ceo at real vision Raoul Pal is co-founder and CEO of Real Vision. Real Vision was founded in 2014 and is a video platform that seeks to focus on its surrounding atmosphere and finance. The paid-membership stage includes a variety of content, including interviews and composed content, with the, generally speaking, available measure of content on the stage subject to the membership level picked. Before that, he worked with Goldman Sachs and GLG Partners. He also founded a research publication called Global Macro Inventor in 2005. Which also requires payment for access on a membership basis.In 2022 he recognized that the crypto space began with a single blockchain-based asset. He saw the sector turning into a giant web of companies with massive amounts of capital flowing in the industry, which naturally has provided more conversational points of intersection with mainstream finance- as crypto continues on its upward path, gaining overall market cap and public attention. He acts as a bridge between crypto and traditional finance for mainstream people, helping them understand crypto and its potential impacts on the world- which could further crypto industry adoption.The crypto space started with a solitary blockchain-based resource - BTC. Ensuing years saw the area transform into a giant web of parts with huge measures of capital streaming into the business, which normally has furnished more conversational places of convergence with standard money - making Pal an eminent wellspring of understanding, given his standard monetary ability and crypto information. EntrepreneurEconomistMarket Analyst Followers : 0 View profile , one competitor to Ethereum (ETH) is poised to overshadow the rest of the market. He predicts that during the next bull cycle Solana (SOL) will outperform major Altcoins.
The analyst has pointed out that solana solana Blockchain Network Followers : 1 View profile (SOL) blockchain has been experiencing technical challenges as of late, in his recent ask me anything (AMA) session he claimed that this does not diminish the ethereum ethereum Blockchain NetworkTechnology Followers : 0 View profile competitors skyrocketing activity on-chain or network growth.
I like Solana. Yes, I am aware that it frequently malfunctions. Yes, I am aware that everyone is aware of it; therefore, there is no advantage in terms of knowledge. Solana will likely do well in the upcoming upcycle, in my opinion, assuming it survives breaking, is one of the biggest crypto protocols, and has the most activity of any chain besides Ethereum.
In Pals view, the expansion of the central banks balance sheets is a key driver of most asset classes, and this expansion has a negative effect on fiat currencies.
Given that they are one of the only sectors that can, in the long run, outperform currency debasement in real terms, the macro specialist is optimistic about digital assets.
One of the most intriguing questions is whether or not the debasement of fiat currencies can be beaten when everything is divided by the central banks balance sheet.
bitcoin org bitcoin org Event OrganiserTechnologyPayment solution Followers : 0 View profile , Ethereum, and tech stocks are the only investments you need to make right now because they both benefit from long-term technological developments.
Real estate, like everything else, is pretty much flat since nothing is doing better than the Feds balance sheet. It serves its purpose, helping you preserve rather than increase your riches.
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This Altcoin Poised To Lead The Next Crypto Bull Run Predicts Raoul Pal - Coinpedia Fintech News
Crypto Trader Updates Outlook on Bitcoin, Dogecoin and One Altcoin Thats Exploded in the Last 24 Hours – The Daily Hodl
A popular crypto analyst is updating his outlook on Bitcoin (BTC), Dogecoin (DOGE), and an altcoin that has skyrocketed over the last day.
Pseudonymous analyst Altcoin Sherpa tells his 184,000 Twitter followers that he doesnt think the king crypto is currently at a level where its a good investment.
BTC: Levels Im eyeing if we break this current area. Things are looking interesting but I still dont think you should buy this current area.
Bitcoin is changing hands for $20,029 at time of writing.
Next up on the traders list is popular meme token Dogecoin. Altcoin Sherpa says that DOGE may be entering into a double-top pattern, but doing so would largely depend on BTCs performance.
DOGE: Im still in my short; its pretty close to my initial entry. I have stops pretty much at [break even] and I already took half off at the TP1 area. To be determined if this is a double top area or not, its going to really depend on BTC in my opinion. At the worst, its a hedge.
A double-top pattern is a bearish reversal pattern that forms after an asset reaches a high price point twice. Dogecoin is trading for $0.064 at time of writing, a 1.43% gain on the day.
Altcoin Sherpa concludes his analysis by saying that the native asset of decentralized finance (DeFi) exchange platform SushiSwap (SUSHI) is worth shorting despite having risen over 16% during the last 24 hours.
SUSHI: Had a new chef announced, bullish impulse. Were seeing some interesting moves in the DeFi sector. I still think that this is a good short to be honest; its entering a supply zone and had a big recent move. Would obviously flip bias if it smashes through here.
SUSHI is moving for $1.32 at time of writing, a 28% increase from its week-low of $1.03 set on October 3rd.
Featured Image: Shutterstock/Patthana Nirangkul/Sensvector/MrArtHit
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Crypto Trader Updates Outlook on Bitcoin, Dogecoin and One Altcoin Thats Exploded in the Last 24 Hours - The Daily Hodl
Three Altcoins That Every Investor Should Consider In The Ongoing Bear Market – Binance Coin, Chainlink and Moshnake Token – NewsBTC
Bear markets are a period in an industry where there is an abundance of extreme market volatility and negative prices. Since the summer after crypto markets crashed alongside global financial markets, the cryptocurrency industry has been in a bear market that has refused to let up. It is currently putting a strain on the day-to-day activities of crypto regulars, such as investors and traders.
Within the current climate, crypto regulars are turning to various methods and strategies to beat the bear market. One popular method is long-term cryptocurrency investing. With long-term cryptocurrency investments, investors can mitigate the effects of the bear market and yield massive returns. It is a strategy that has worked well and could prove helpful in the current market.
However, choosing the right altcoin to invest in can be a herculean task. This is why we discuss three altcoins that could be fantastic investment options in the ongoing bear market. Heres why every investor should consider Binance Coin (BNB), Chainlink (LINK) and Moshnake Token (MSH).
Binance Coin (BNB) is a highly sought-after cryptocurrency within the industry. It is native to the Binance crypto exchange platform and serves as its primary medium of exchange. Binance Coin (BNB) is responsible for many operations, including network governance and for making gas fees or transaction taxes on Binances decentralized exchange (DEX) platform.
Since its launch, Binance Coin (BNB) has become a trader favourite within the cryptocurrency industry. This is a result of several reasons, the most prominent being that the token is cheaper and does not produce dust. Binance Coin (BNB) holders are entitled to several benefits on the Binance platform, such as trading fee discounts.
As the native cryptocurrency of a popular crypto platform, Binance Coin (BNB) is a top 4 cryptocurrency by market cap available on most crypto platforms within the industry.
Chainlink (LINK) is a blockchain-based platform that solves the interoperability problem within the cryptocurrency industry. It makes it possible to get information in and out of a blockchain without compromising security or exposing the system to vulnerabilities and allows blockchain networks to interact and share information in a trustless manner. By operating in this manner, Chainlink (LINK) keeps the system secure, trustworthy and decentralized. With Chainlink (LINK), blockchain networks can access information such as event results and price feeds.
Chainlinks native cryptocurrency, LINK, is an integral part of its ecosystem and is responsible for facilitating several crypto-related operations, such as staking for security and rewards, network governance and payment fees. It is a highly sought-after cryptocurrency available on several top crypto platforms like Binance and Coinbase Pro.
Native to the Moshnake crypto gaming platform, Moshnake Token (MSH) is an upcoming cryptocurrency attracting much interest from the gaming community and the cryptocurrency industry at large. The token has already been dubbed the next big gaming coin by crypto experts and looks likely to become a valuable asset in the current climate. Moshnake Tokens appeal comes from its real-life applications, use cases, supply and roadmap. The token plays an integral role in the Moshnake ecosystem, which seeks to deliver a nostalgic experience to the gaming community.
Moshnake Token (MSH) is gradually approaching its presale and could make for a valuable long-term cryptocurrency investment. It presents an opportunity and a lifeline for struggling investors in the bear market. For more information on the Moshnake Token (MSH), watch this space.
Moshnake
Website: https://moshnake.ioTelegram: https://t.me/MoshnakeOfficialTwitter: https://twitter.com/moshnakeToken
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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Three Altcoins That Every Investor Should Consider In The Ongoing Bear Market - Binance Coin, Chainlink and Moshnake Token - NewsBTC
Promising Altcoins that could Explode in 2022: Big Eyes Coin, Polkadot And XRP – Hindustan Times
Altcoins are generally every coin thats not bitcoin, and going by this definition, they constitute 99% of the market, and bitcoin is a standalone asset. However, Bitcoin (BTC) dominates the market in terms of market cap. Bitcoin alone is over 40% of the cryptocurrency market value, and this dominance is exerted in price pumps. Also, bitcoin is regarded as the most secure form of crypto investment as it is less volatile than the rest of the market. It explains why a price dump in bitcoin usually means a price dump in the cryptocurrency market as a whole.
This volatility makes altcoins better for profit. This article mentions altcoins like Big Eyes Coin (BIG), Polkadot, and XRP. While Polkadot (DOT) and XRP are top crypto assets, Big Eyes Coin is a new memecoin with greater profitability potential.
Big Eyes Coin is currently on presale, and because it offers early buyers an opportunity to buy below market price, its probably the most promising altcoin on this list.
Polkadot (DOT) is a multi-chain application platform that allows users to transmit more than just tokens between blockchains. Polkadot enables users to transmit more than just tokens between blockchains. It provides interoperability solutions that will allow isolated blockchain data islands to come together using patented technologies. Polkadot may transfer data from private blockchains to public networks.
XRP, on the other hand, is a cryptocurrency created by Ripple, an American company that develops payment protocols and exchange networks. XRP was created to help move financial databases across central institutions like banks to a more open infrastructure with significantly lower costs. Ripple recently got into issues with the SEC as the commission filed a lawsuit against the company alleging that XRP broke securities law. The token has lost a lot of value since the case, but with some hope on the horizon, investors are hoping for a comeback from the token.
Big Eyes Coin (BIG) is an Ethereum-based memecoin that hopes to revive DeFi and use several other offerings to create for its community. As a memecoin, its primary aim is to create wealth and push internet memes and community narratives. The Big Eyes Coin community continues to grow over the few weeks of its presale and is set up nicely to be one of the most promising launches of the year.
Big Eyes Coin is primed to introduce new money from communities outside the crypto landscape. The cryptocurrency hasnt seen enough volume in the past weeks, but as we saw in May 2021, the market was revived by Dogecoin (DOGE) a memecoin. Big Eyes Coin coin has plans to also contribute to humanitarian causes worldwide, and a percentage of the token supply has been dedicated to that.
Big Eyes Coin (BIG) is on stage 3 presale and has raised over $3.791 million out of a presale target of $4.7 million. This is a clear indication of how well the memecoin will perform overnight. Memecoins make millionaires overnight; you can think of where youd buy Dogecoin (DOGE) and Shiba Inu (SHIB) at the presale. Join the presale links of Big Eyes Coin (BIG).
Presale:https://buy.bigeyes.space/
Website:https://bigeyes.space/
Telegram:https://t.me/BIGEYESOFFICIAL
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
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Promising Altcoins that could Explode in 2022: Big Eyes Coin, Polkadot And XRP - Hindustan Times
Solana: Why a thriving ecosystem wont be enough to scare SOL bears – AMBCrypto News
Solana [SOL] as of 8 October, stole the limelight once again by outperforming all the cryptocurrencies. As per a tweet from a crypto-focused Twitter account, CryptoDep, SOL was the top altcoin in terms of trending searches in the last seven days, only behind AXL. This was good news for SOL holders as it reflected the increased popularity of the crypto in the market.
Interestingly, several developments in the SOL ecosystem were also responsible for pushing the altcoin towards a price rise. However, despite the growth in its popularity and positive developments, SOL failed to register any promising upticks as it was down by 1% during the last seven days.
At the time of writing, SOL was trading at $32.62 with a market cap of over $11.65 billion.
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Heres AMBCryptos Price Prediction for Solana (SOL) for 2023-24
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SOL recently announced the integration of Solanas Yield Aggregation homestead Tulip Protocol with WalletConnect, which was good news. The integration would help the Solana network by improving its capabilities.
Additionally, the Solana foundation also revealed that it was developing a new validator client named Firedancer, to prevent any future network outages.Furthermore, according to DeFiLama, SOL was also among the top 10 chains by TVL, which was yet another green flag the blockchain.
Despite all this, SOLs performance in the last seven days was mostly in agreement with the bears. Additionally, SOLs volume decreased considerably on 8 October, which was a negative signal pushing SOLs price to new lows.
Surprisingly, contrary to CryptoDeps data, SOLs social volume also followed a similar route and decreased over the last week.
SOLs NFT space also witnessed a downfall as the total NFT trade count decreased. However, Santiments chart revealed that SOLs development activity did offer some respite as it increased during the period under review.
Solanas daily chart revealed some interesting information. The Chaikin Money Flow (CMF) registered a downtick and went further below the neutral position, which was a bearish signal.
The Relative Strength Index (RSI) rested just below neutral position. As suggested by the Exponential Moving Average (EMA) Ribbon, the 20-day EMA was below the 55-day EMA, indicating sellers advantage in the market.
Moreover, the Moving Average Convergence Divergence (MACD) displayed a tussle between the bears and the bulls. The Bollinger Bands (BB) revealed that SOLs price was in a crunched position and showed resistance at the $34.14 mark.
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Solana: Why a thriving ecosystem wont be enough to scare SOL bears - AMBCrypto News
Quant Price Bull Run Eyes A 20% Rise With This Breakout – CoinGape
Published 1 day ago
An inverted head and shoulder pattern has set the Quant price on a bullish course. Under the patterns influence, the altcoin has shown phenomenal growth since last while most major cryptocurrencies struggled to hold their ground. The bull run now retests a multiple-month resistance at $160, preparing for another bullish breakout.
Source-Tradingview
The Quant price chart highlights a bullish rally starting from the $86 mark accounting for a 78% jump since last month. Currently, the price trend signifies a power struggle at the $160 supply zone as the bears attempt to contain inflation.
On deeper analysis, the price trend displays an inverted head and shoulder pattern with a tilted neckline, marked out in the technical chart. The ongoing uptrend finds a boost in bullish momentum upon a retest of the patterns breakout.
The spike in the intraday volume supports the 10% jump in the last two days, creating bullish engulfing candles to challenge the $155 supply zone.
A breakout of the resistance zone will signal a breakout entry opportunity for sideline traders. Moreover, an uptrend continuation to the overhead resistance of $188 is possible.
On the other hand, a bullish failure will lead to a trend reversal, where the market participants may witness a minor correction to the $132 mark.
RSI indicator: The daily-RSI slope(74%) attempts to enter the overbought region indicate aggressive buying from the traders. However, the indicator above 80% usually calls for a price correction.
EMAs: the Quant price trading above the crucial EMAs(20, 50, 100, and 200) accentuates a bullish trend. Moreover, a potential bullish crossover between the 100-and-200-day EMA gives additional confirmation to prolong recovery.
From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Quant Price Bull Run Eyes A 20% Rise With This Breakout - CoinGape