Author: NBTC
On Oct. 21, 2024, ethereum holds steady at $2,706, sticking within a key trading zone after recently hitting a high of $2,769. Technical indicators across various timeframes paint a mixed picture, as oscillators suggest caution while moving averages still point to a largely bullish trend. As ether hovers between support and resistance, traders should stay vigilant for any shifts in price action. Ethereum Zooming in on the daily chart, ethereum’s uptrend capped at $2,769 before seeing a minor pullback. With the relative strength index (RSI) sitting comfortably at 63.5, the market isn’t signaling overbought conditions, though the potential for selling…
0G Foundation, a decentralized artificial intelligence (AI) technology platform, is getting ready to launch its node sale on November 11, 2024, according to the reports sent to Finbold on Tuesday, October 22. The node sale is envisioned as an important step in advancing the first decentralized AI Operating System designed for fully on-chain applications. 0G Foundation node sale The upcoming 0G Foundation node sale will allow the community to purchase nodes and become part of the decentralized AI operating system. With 32 node tiers and a starting price of 0.05 Ethereum (ETH) per node, the sale allows participants of all…
Bitcoin has been in a consolidation phase since its renewed peak above $73,000 in March. However, many experts in the crypto space are eyeing potential signs of a breakout that could lead to a new all-time high (ATH). A renowned crypto analyst, Mags, for instance, recently shared his insights on Bitcoin’s outlook, noting patterns that have emerged in the past and how they might affect the crypto asset’s future. Bullish Signals In Bitcoin Consolidation According to Mags, Bitcoin’s current price action mirrors its behavior during last year’s consolidation period. He emphasized the importance of the Moving Average Convergence Divergence (MACD)…
For the first time since September 27, Ethereum has surged past the $2,700 mark and is showing strong signs of maintaining its upward momentum. About ten days ago, ETH dropped below $2,400, sparking speculation that the cryptocurrency might struggle to break out again. However, over the past seven days, ETH has surpassed key resistance levels. In this on-chain analysis, BeInCrypto reveals how this upward momentum could drive the price even higher. Ethereum Sees Reduced Selling Pressure One indicator fueling this prediction is the Ethereum Exchange Netflow, which shows the amount of coins flowing in and out of exchanges. According to…
D3 Global, a web3 domain name company, has launched top-level domain names for the ApeCoin community. An announcement the firm published on Oct. 22 noted that the ApeCoin (APE) ecosystem can now use the .APE top-level domain names on the newly launched layer-2 solution ApeChain. The Ape Names initiative is the first step in the quest to bring an interoperable name service to the crypto project’s users. Read more: APE surges 50% as investors react to ApeChain launch, major liquidation looms ahead Community approved .APE domain names proposal D3’s launch of the .APE domain names stems from a proposal on…
Bitcoin (BTC) gained value on Tuesday as the cryptocurrency market continued to recover from last week’s sharp sell-off. The BTC price is up 1.7% in the past 24 hours, approaching $58,000 at the end of the US trading session and is nearly 10% higher than last Friday’s low. While digital assets are unlikely to be mentioned in the US presidential debate between Donald Trump and Kamala Harris, the two parties’ contrasting policies towards cryptocurrencies could influence market sentiment and have potential impacts on prices as the election approaches. Aurelie Barthere, chief research analyst at Nansen, said the ongoing uncertainty surrounding…
Over the past week, 7,728 Ethereum (ETH) tokens worth above $20 million at current market prices have been added to circulation. This has pushed the altcoin’s circulating supply to a six-month high of 120.39 million ETH. The surge in circulating supply could exert downward pressure on Ethereum’s price if demand does not keep pace with the influx of new coins. This analysis outlines key price levels that holders should monitor as this happens. Ethereum Experiences Decline in Usage Ethereum’s circulating supply refers to the number of ETH coins available to the public. It does not include coins that are locked,…
Cardano (ADA) is in the spotlight as one of the few top altcoins with residual gains at a time when many digital currencies are shedding their gains. Over the past 24 hours, Cardano has rallied by 5.19% to $0.3705. This is a breakthrough, as its market capitalization has now jumped to $13.32 billion. Return to big leagues This mega bump in Cardano’s market cap has pushed it back into the top 10 most capitalized digital currencies. While this ranking changes regularly, it is a sign of growth for a protocol that made the headlines on different occasions this past week.…
ZeroLend, a fast-growing lending project, has entered into a data partnership with Token Terminal. The collaboration aims to enhance stakeholder reporting through improved on-chain analytics. ZeroLend currently operates across multiple blockchain platforms, including Linea, ZKsync Era, Base, Manta, and Ethereum, and has garnered attention with over $350 million in active loans. ⛓️📊 ZeroLend enters into a Data Partnership with Token Terminal ⛓️📊● @zerolendxyz is one of the fastest growing Lending projects on @LineaBuild, with deployments also on ZKsync Era, Base, Blast, Manta, and Ethereum.● The project has raised ~$3m in venture capital from… pic.twitter.com/Z2kpqSKwS3 — Token Terminal (@tokenterminal) October 21,…
Over the last year, Bitcoin has witnessed an impressive increase of 118.2%. At the beginning of the year, the price was around $42,280. Currently, it stands at $56,318. This year, the market has shown a rise of at least 33.7%. Let’s see what this year’s BTC price action conveys. Bitcoin Price Action: A General Overview Between late January and mid-March, the Bitcoin market experienced the most powerful upward momentum of the year. By the end of this period, the price touched the yearly peak of $73,682. Later, the market started to move sideways, ranging between $71,500 and $52,000. In April,…