Solana (SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent NFT markets-related news and a marketwide bounce, but the current 22.7% decline could have investors confused. Solana/USDT at FTX. Source: TradingView The rally started after Coinbase Wallet added support …
Monthly archives: April 2022
Top 5 cryptocurrencies to watch this week: BTC, NEAR, FTT, ETC, XMR
Bitcoin (BTC) dropped from a high of $47,200 on April 5 to a low of $42,107 on April 8, indicating possible selling by short-term traders who may have preferred to lock in their profits. However, the price action is still stuck in a tight range during the weekend, indicating that supply and demand are in …
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Bitcoin (BTC) Price Prediction: BTC/USD Commences a Range Bound Move as Bitcoin Holds Above $42K
BTC Price Rebounds as Bitcoin Holds Above $42K – April 9, 2022 BTC/USD has further declined to the low of $42,137 as Bitcoin holds above $42K. Bitcoin is confined between the moving averages as BTC price holds above the 50-day line moving. The largest cryptocurrency is likely to commence a range-bound move between the moving …
Price of Degods NFT Reaches ATH After NBA Star Shaq O’Neal Purchases Deadgod for 250 SOL
Summary: Legendary Orlando Magic Hall of Famer, Shaquille O’Neal has joined the NFT community with the purchase of DeadGod #3836 Shaq spent 250 Solana (SOL), roughly $28k, for the DeGod NFT The floor price of DeGod NFTs has hit a new all-time high of 182 Solana as a result of the purchase Shaq joins a …
European Union Slams Russian Crypto Investors With New Rules in Latest Legislation
In response to the ongoing war in Ukraine, the European Union (EU) is hitting Russian crypto traders with new restrictions. According to the Official Journal of the EU, the union has expanded on the sanctions they have placed on Russia, including limits on deposits to cryptocurrency wallets. “In view of the gravity of the situation, …
Next Bitcoin (BTC) Rally Will Likely Be a Trap, According to Crypto Strategist – Here’s Why
A closely followed crypto strategist is warning Bitcoin bulls that BTC will likely trap market participants who buy the next rally. In a new strategy session, the pseudonymous trader known as Cheds tells his 45,100 YouTube subscribers that Bitcoin bears are currently in control and that any bounce is an opportunity to short sell BTC. …
Bitcoin battles for weekly close above $42K as LFG buys 4,130 more BTC
Bitcoin (BTC) prepared for its lowest weekly close of the month so far on April 10 after a week of disappointing losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC “giving people a second chance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $42,700 Sunday with a matter of hours to go until …
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6 Questions for Michelle Legge of Koinly
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Michelle Legge, head of crypto tax education at Koinly — a cryptocurrency tax calculator and portfolio tracker for traders, …
U.S. Senator Warren says “Crypto is this decade’s bubble,” is that really true?
US Senator Warren appeared on the NBC News “Meet the Press Reports” show to speak on the state of the cryptocurrency market and digital currencies in general. When asked if she considers bitcoin to be “this decade’s real estate bubble,” she said: “The whole digital world has worked very much like a bubble works. What …
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Demystifying blockchain oracles: Part 2
DeFi and decentralized applications wouldn’t be possible without blockchain oracles–key components of blockchain infrastructure that enable accessing, processing, and transmitting information between the outside world of off-chain data and smart contracts. That said, what are the major engineering challenges when it comes to building resilient and reliable blockchain oracles, and why are decentralized data pipelines …
Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million
On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve …
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Musk on Crypto Twitter’s ‘Most Annoying Problem,’ Bored Ape NFTs, Mt Gox Bitcoins, and More — Bitcoin.com News Week in Review
Another week has passed in the action-packed world of crypto, so it’s time to kick back, take stock of the situation, and enjoy this week’s bite-sized digest of the hottest crypto news from the past seven days. On the menu this go-round is Tesla CEO Elon Musk talking about Twitter’s ‘single most annoying problem,’ a …
New Polkadot-Based Altcoin Has Promising Future, According to Coin Bureau
The host of popular crypto channel Coin Bureau says that a new Ethereum-compatible altcoin built on Polkadot (DOT) should have a “promising future” ahead of it. In a new video, pseudonymous host Guy tells his two million YouTube subscribers that he’s got his eye on Moonbeam (GLMR), one of the first fully operational parachains on …
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Loser Club Floor Price Up 53% After NBA’s Kyrie Irving Displays the NFTs on Twitter
Summary: NBA’s Kyrie Irving has changed his Twitter profile photo to a Loser Club NFT He has also Tweeted his new avatar alongside another Loser Club NFT His actions have resulted in the floor price of Loser Club NFTs rising by 53% and transaction volume increasing by 1,144% in the last 24 hours NBA superstar …
Luna Foundation Purchases 4,130 Bitcoin Bringing its Total to 39,897 BTC
Summary: The Luna Foundation has continued to stack Bitcoin purchasing an additional 4,130 BTC The recent purchase brings the total to 39,897.98 Bitcoin owned by the Luna Foundation This amount translates to roughly $1.7 billion, with $8.3 billion worth of Bitcoin left to purchase to hit the $10 billion target Bitcoin continues to consolidate above …
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