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Learn how to use Bitcoin

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Bitcoin is now getting a lot of attention from the public. The spread of Bitcoin in Japan is lagging behind that in the world, but the use of Bitcoin is expanding rapidly, supported by the hosting of the Olympic Games. So let’s learn how to use Bitcoin now so that we can keep up with the times!  Prepare your wallet before using Bitcoin! To start Bitcoin, you first need to make something like a dedicated wallet to store your own bitcoins, and this wallet is called a wallet. In fact you can use it is to be used even leave Source: https://bitcoinsinireland.com/learn-how-to-use-bitcoin/

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Bitcoin SV, Monero, Algorand Price Analysis: 02 December

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Bitcoin Dominance rose to 63.28, and the Crypto Fear and Greed Index showed 92 to denote extreme greed in the market. And how else would it be, with Bitcoin so close to its ATH that 99% or more Bitcoin ever bought, if held without selling, would be in a profit at the time of writing. Bitcoin SV has been unable to rise past $172 in the past couple of days, while Monero had a strong region of support at $125, the loss of which would indicate that bears were in the ascendancy in the XMR market. Algorand could see a dip beneath $0.31 support soon.

Bitcoin SV [BSV]

Bitcoin SV, Monero, Algorand Price Analysis: 02 December

Source: BSV/USDT on TradingView

BSV formed a falling wedge and broke out on the hourly chart, but without much volume. The level of resistance at $172 has held strong over the past couple of days, but the short-term trend was in favour of the bulls.

The Directional Movement Index showed that a strong uptrend was in progress, with the ADX (yellow) well above 20. A close above $172 would signal that bears were back in business, provided Bitcoin does not suffer in the next couple of days.

Monero [XMR]

Bitcoin SV, Monero, Algorand Price Analysis: 02 December

Source: XMR/USDT on TradingView

Analysis of the 1-hour charts showed that XMR was trading within an ascending channel, and has recovered more than 50% of the drop from $142 swing high, to $109 swing low a few days ago.

The momentum of the past two hours for XMR has been neutral. However, the price has strong support from the 50% retracement level at $125.9, the lower trendline of the rising channel, and the horizontal support at $127.4 that bulls would seek to defend.

This confluence of support levels in the $125 vicinity highlighted it to be a strong level and an important one that would presage more red days for XMR if lost to the bears.

Algorand [ALGO]

Bitcoin SV, Monero, Algorand Price Analysis: 02 December

Source: ALGO/USD on TradingView

The RSI on the 4-hour timeframe dropped below the 50 neutral line, and retested it as resistance to indicate a downtrend. At the time of writing, it was moving beneath $0.31 support.

A close below support would see ALGO revisit $0.287, although a bullish Ether and Bitcoin can steer ALGO upward.

Source: https://eng.ambcrypto.com/bitcoin-sv-monero-algorand-price-analysis-02-december

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Ethereum’s Strength Mounts Higher, Rally To 180% Highly Possible

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Ethereum’s strength mounts higher which will likely make it push a new 180% rally in the near-term but how will it perform against BTC? Let’s find out in our latest Ethereum price news.

ETH and BTC both saw major drops against their USD trading pairs today and the move came after BTC raced to a new all-time high and posted a rejection at this level that outlined its weakness among the bulls. ETH’s pair however remained stable as the two digital assets moved lower together. This could be considered as a positive thing for Ethereum as one analyst noted that the current strength that these coins have shows that ETH could rally by 180%. This could have serious implications for the USD trading pair as well as favoring the bulls.

eth/usd
Source ETH/USD on TradingView.com

Ethereum and the rest of the crypto market were caught in an intense bout of volatility which came thanks to Bitcoin’s inability to break the upper $19,000 region. The selling pressure spread on the entire market which came when Bitcoin tried to set a new all-time high. However, it dropped to $18,200 before settling at a significant support level. This movement sent shockwaves over the market and ETH dropped into the upper $500 region after navigating in the mid $600 zone. One trader thinks that ETH will see more upsides in the near-term mainly against the BTC trading pair.

At the time of writing, ETH was trading under 5% with a current price of $589. This marked a notable decline from the highs of $640 that was set during yesterday’s market-wide upwards swing. The selling pressure forced the second biggest crypto below $600 which happened moments after bitcoin got rejected at its $19,800 highs. BTC dropped to as low as $18,200 before looking for a serious buying side support.

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eth chart
Image Courtesy of Smokey. Source ETHBTC on TradingView.

It’s not a secret that ETH was underperforming BTC during its recent uptrend but the crypto is still down 50% from its all-time high. With that said, one trader thinks that there will be a price swing in ETH’s favor. He postulated that it could soon rise by about 90% or even up to 180% due to its reclaiming its 200-day EMA:

 “ETH | BTC: Imo the ETH Daily is setting up quite nicely for a bullish future. 200EMA reclaimed, major TL broken and retested, bullish Kumo Twist, demand tested. Feed this bullish energy into the weekly and break the 200W EMA and imo we’re good for 90-180% gain vs BTC.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/ethereum-news/ethereums-strength-mounts-higher-rally-to-180-highly-possible/

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Chainlink Strengthens Polkadot Through RioDeFi Oracle Integration

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The crypto world’s leading oracle solution is integrating with its leading interoperability blockchain. RioDeFi, the decentralized finance blockchain connected to Polkadot, has revealed that Chainlink’s price oracles are to provide market data across its network. The deal means that projects building on RioDeFi, including MANTRA DAO, will be able to access decentralized and tamper-proof price feeds.

RioDeFi Passes Another Milestone

The integration of Chainlink oracles is increasingly seen as evidence of a blockchain’s maturity; a rite of passage that all fledgling networks must pass in order to be taken seriously. RioDeFi hasn’t partnered with Chainlink to tick off another item on its roadmap or to flex, it should be noted: there are more practical considerations at play.

Oracles are at the heart of intelligent crypto network design. They provide a means of querying data for actions that occur offchain, be that on another crypto network or in the real world. Chainlink is synonymous with this service, and its decentralized oracles are used by more crypto projects than any other.

Its most popular product is its Price Feeds, which will be integrated into the entire RioDeFi ecosystem including its mobile wallet, exchange, and payment dApp. Oracles must perform a critical role, relaying rapidly-changing price information, such as the price of BTC/USD, quickly and accurately. Crucially, this information must be tamper-resistant to prevent exploitation by malevolent actors. False pricing can enable sophisticated attackers to profit from arbitrage, often using flash loans to acquire the capital necessary to implement the exploit.

RioDeFi Welcomes Chainlink Partnership

“The ability to provide data from the outside world into smart contracts in a trustless manner is becoming a bedrock for the blockchain industry and defi,” said RioDeFi CEO James Anderson. “We are delighted to integrate Chainlink to provide our developers with secure and reliable price data with strong market coverage, ultimately enabling the creation of a whole suite of financial applications that can be trusted to trigger the movement of large amounts of onchain value.”

Although the partnership is a bigger deal for RioDeFi than it is for Chainlink, it is an arrangement that will work to the advantage of both parties, giving the latter greater exposure to Polkadot and its interoperable series of parachains. The benefits RioDeFi will gain from accessing Chainlink’s price feeds were succinctly explained by Daniel Kochis, Head of Chainlink Business Development: “By using time-tested oracle networks already in production, RioDeFi’s ecosystem can focus on building next-generation defi dApps without having to spend time and resources, as well as take on the additional risk of provisioning their own oracle infrastructure or using unproven alternatives.”

First Trading, Then Gaming

Initially, Chainlink’s price feeds will be put to use in the suite of dApps that RioDeFi has created itself: RioPay, RioWallet, and RioExchange. With third party developers being encouraged to build on RioDeFi, however, the number of dApps is only set to grow. At first, the main use case for Chainlink’s oracles will be for trading purposes, such as obtaining pricing information when swapping tokens using a DEX or AMM. There are plans afoot, however, for gaming applications to be developed on RioDeFi, where the ability to query a reliable oracle solution will prove valuable.

Other use cases, both for RioDeFi and for Chainlink’s oracles, include prediction markets, a route that Matic Network is currently pursuing with the help of Chainlink. As the RioDeFi ecosystem expands, it is expected that further Chainlink products will be integrated, providing a reliable mechanism for obtaining data from an array of real-world and onchain events.

Image source: DigitalJournal.com

Source: https://www.newsbtc.com/news/company/chainlink-strengthens-polkadot-through-riodefi-oracle-integration/

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