Author: NBTC
Ethereum price is attempting a fresh increase wave above $2,300. ETH might gain bullish momentum if it clears the $2,400 resistance zone. Ethereum is attempting a recovery wave above the $2,300 zone. The price is trading above $2,330 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,335 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Eyes More Upsides Ethereum price started a recovery wave above the $2,300 level. ETH was able to clear…
Charles Hoskinson raises the possibility of using Cardano to merge with Algorand to build a robust decentralized AI system, which excites ADA and Algorand communities. Algorand and Cardano are trying to find out how their technologies complement each other and improve blockchain integration and AI in the crypto industry. Considering Algorand as a partner chain, it can be observed that Cardano’s approach is to improve the compatibility of blockchains. The founder of Cardano, Charles Hoskinson, has recently suggested that Cardano might be integrated with Algorand. In a tweet, Hoskinson said that the technology was impressive. Thus, if Cardano integrated this…
Legal expert Bill Morgan recently shared insights on the SEC vs. Ripple appeal on X, addressing growing concerns among XRP holders. Morgan’s analysis suggested that while certain legal observations, like obiter dictum (comments not central to the ruling), might come up during the appeal, XRP’s core status as a non-security remains largely unchallenged. With just 28 days remaining for a re-appeal window to close, both sides are now eyeing their next move in what could be a game-changing showdown! SEC Unlikely to Tackle XRP’s Security Status Don’t want to be accused of FUD with respect to XRP but obiter is…
Bitcoin price started a recovery wave above the $55,000 resistance. BTC must clear the 100 hourly SMA to continue higher in the near term. Bitcoin started a recovery wave above the $53,500 and $55,500 levels. The price is trading below $58,000 and the 100 hourly Simple moving average. There is a contracting triangle forming with resistance at $57,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to clear the $58,000 resistance zone. Bitcoin Price Gains Over 85 Bitcoin price formed a base and started a recovery wave above the $52,500 resistance zone.…
Ethereum ETFs may be underperforming due to historical market decline in Q3. Rising Ethereum exchange reserve could cause selling pressure. Ethereum’s open interest needs to grow to fuel a potential rally. Ethereum (ETH) is up 1% on Tuesday as ETH exchange-traded funds (ETF) continue underperforming with another day of outflows. The weak flows in ETH ETFs may be due to their historically weak Q3 performance. Meanwhile, the ETH exchange reserve has also been rising following its slow price growth. Daily digest market movers: Why Ethereum ETFs are underperforming, rising exchange reserve Ethereum ETFs extended their streak of negative flows to…
Asteroneo has introduced an Airdrop Points System designed to reward early users as the platform continues to develop on the Neo X chain. This initiative offers participants opportunities to earn points that will later convert into allocations of the ASTR token once it is officially released. The program is scheduled to launch on Aug. 23, and is structured across three seasons, each with unique activities and point multipliers aimed at driving engagement. Airdrop Points System Participants of the Airdrop Points System will be allocated 15% of the total ASTR supply, to be distributed across three seasons. Users can earn points…
Kamala Harris released a new policy statement this morning with one glaring omission: crypto. Political observers immediately noticed that despite widespread rumors of Harris adopting a pro-crypto platform three weeks ago, her official website now confirms nothing of the sort. Archive.org confirms the publication of her new webpage within the past 24 hours. That URL has been offline since July; it last referenced Joe Biden’s policy statements. According to Harris’ own list of campaign promises, she has no particular position on the crypto industry. This matches Protos’ August 22 fact-check, noting that claims about Harris’ crypto policies emanated from a…
BOJ’s Uchida downplayed rate hike concerns amid market volatility. The anti-risk yen slides while BTC and stock futures rise after Uchida’s comments. The renewed risk-on hints at a possible bitcoin death cross bear trap. It appears bitcoin’s (BTC) impending death cross, a bearish technical pattern, will again live up to its reputation as a contrary indicator, presaging renewed bullish price action as it did in September 2023. That’s because early on Wednesday, the influential governor of the Bank of Japan (BOJ), Shinichi Uchida, said that the central bank wouldn’t hike borrowing costs when markets are unstable, weakening the case for…
Because based rollups change Ethereum’s incentive structure, they could significantly increase demand for ETH and change the way the platform is monetized. These rollups give new revenue streams and boost staking value by integrating directly with Ethereum validators. On the Ethereum network, validators currently receive a yield of about 3%. However, validators could earn a lot more money once based rollups are implemented. On top of the money they already make from network inflation, validators who choose to process and validate rollups will receive extra rewards. This could lead to yields that are significantly higher than 3% estimates, indicating that…
Phoenix, a well-known crypto analytics firm, has recently shared the list of top Cosmos-based projects in terms of the cumulative value of staked coins. The list of Phoenix takes into account several names including $TIA, $SEI, $INJ, $ATOM, $SAGA, $DYM, $CRO, $AXL, $FET, and $ZETA. The analytics firm disclosed the details of the respective projects on its official social media account. TOP #COSMOS PROJECTS BY TOTAL VALUE OF STAKED TOKENS$TIA $SEI $INJ $ATOM $SAGA $DYM $CRO $AXL $FET $ZETA $AKT $DYDX $OSMO $LUNA $BAND pic.twitter.com/3CNjKWGSm9 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 24, 2024 $TIA Leads the Cosmos…