A closely followed crypto analyst sees big potential for decentralized finance (DeFi) to disrupt the traditional financial system. In a new discussion on crypto analyst Benjamin Cowen’s YouTube channel, the host of InvestAnswers says that DeFi is still as revolutionary as people said it was in 2020. “I am huge into DeFi. I’m a tradFi …
Monthly archives: May 2022
Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA
The S&P 500 and the Nasdaq have declined for five consecutive weeks, indicating that traders continue to reduce exposure to risky assets. Bitcoin’s (BTC) close correlation with United States equity markets has resulted in its price remaining under pressure. Bitcoin has extended its decline during the weekend and is now on track for its sixth …
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Bitcoin Price Prediction for Today, May 8: BTC Bears Could Demolish $34,000 Support
The Bitcoin price prediction shows that BTC keeps trading below the moving averages as the coin touches $33,701 support. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $40,000, $44,000 $46,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD continues to face a setback that could be a permanent …
Shiba Inu (Shib) Price Prediction for Today, May 8: SHIB May Lower to $0.000015
Shiba Inu (SHIB) Price Prediction – May 8Most indications have it that the Shiba Inu market may lower to $0.000015 against the valuation rate of the US Dollar in the subsequent sessions. The current trading pace features between $0.000019 and $0.000018 value points, maintaining a negative percentage of 2.08. SHIB /USD Market Key Levels: Resistance …
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Ethereum Gearing Up for Parabolic Rally As Upside Potential for Bitcoin Looks Strong: Crypto Analyst
A widely followed crypto analyst says Ethereum (ETH) is primed for a parabolic rally and that Bitcoin’s (BTC) risk-reward ratio looks attractive. The pseudonymous analyst known as TechDev tells his 393,000 Twitter followers that Ethereum is currently mirroring a pattern from late 2016 and early 2017, where ETH printed bearish-looking price action before exploding. “Update …
Tron’s Justin Sun Buys $1M in UST in What He Calls a ‘Secret Plan’ For the Stablecoin
Summary: Justin Sun has reportedly purchased $1 million worth of UST on Curve Finance Tron’s founder had announced via Twitter that he was buying UST This is after the saga of the UST stablecoin depegging from the one dollar mark Terra’s Do Kwon had asked Justin Sun what his plans were to which he replied …
CoinShares’ Exec. Warns that Governments Will Attempt to Ban Bitcoin
Summary: CoinShares’ Chief Strategy Officer has warned that governments are going to try to ban Bitcoin and other cryptocurrencies Evidence of such attempts can be seen in the EU’s sentiment against Proof-of-work networks The same applies to the US State of New York, which has a pending bill focusing on the energy consumption of such …
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Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today, …
Catching the Falling Knife: Bitcoin, Ethereum Down 50% From All-Time Highs — Billions Leave Crypto Economy
The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower Against the US Dollar, 39% Down in 30 Days Digital currency …
Joe Rogan Says Bitcoin Is ‘Freaking Out’ Government, the Latest on Inflation, and More — Bitcoin.com News Week in Review
Another whirlwind week in crypto draws to a close, and of course there’s no shortage of spicy stories and new, compelling narratives in the world of innovative digital money. This week, Elon Musk gives investment advice, United States Securities and Exchange Commission chair Gary Gensler catches flack from SEC commissioner Hester Peirce, and Joe Rogan …
LBank and Adanian Labs Kickstarts a ‘Crypto Accelerator Program’ in Kenya
press release PRESS RELEASE. The blockchain ecosystem is growing exponentially. It has brought prosperity to most African countries by creating wealth for individuals and fast economic growth for their people. However, many believe that the region is yet to tap into its full potential, that is, leveraging blockchain technology to build a solid ecosystem. As …
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Cronos (CRO) Price Prediction for Today, May 8: CRO Precipitates Through Supports
Cronos (CRO) Price Prediction – May 8There has been a steady flow of declinations in the CRO trading activities against the US Dollar over time. Currently, the crypto-economic price precipitates through supports at variant lower value lines. Price is trading around $0.26 at an average of -2.65%. CRO /USD Market Key Levels: Resistance levels: $0.30, …
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Cardano’s (ADA) First Algorithmic Stablecoin Goes Live on Public Testnet
Ethereum competitor Cardano (ADA) has teamed up with blockchain payments ecosystem COTI to launch a new algorithmic stablecoin. In a new blog post, COTI says that Djed, the first-ever algorithmic stablecoin built on the smart contract platform, has gone live on its public testnet. “We are excited to announce that after months of intense work …
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Top Crypto Analyst Issues Warning to Bitcoin Traders, Says BTC Flush Below $30,000 Imminent
A closely followed crypto strategist who has remained long-term bullish on Bitcoin despite its weak price action says that another BTC sell-off event is in sight. Pseudonymous crypto analyst Credible tells his 329,600 Twitter followers that Bitcoin is likely gearing up for a fresh leg down after bulls failed to establish a higher-low setup. “Lows …
LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST). The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its U.S. dollar …