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Crypto-focused software firm Lukka raises $110M, reaches $1.3B valuation

Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space.

WTF Token Airdrop Ends Up Draining 58 ETH From The Users

The WTF token airdrop ended up draining 58 ETH from the users as they reported losing thousands of dollars as we are reading further in our latest altcoin news. The WTF token airdrop got off to a wild launch. Fees.wtf is a simple service that shows ETH users their lifetime spending amount on Ethereum blockchain […]

Ethereum Whale Makes $1.4 Million Bet on Dogecoin After Tesla Starts Accepting $DOGE for Merch

An Ethereum whale made a $1.4 million bet on the meme-inspired cryptocurrency Dogecoin ($DOGE) while electric car marker Tesla went live with its plan on accepting the cryptocurrency as a payment method for merchandise. According to whale monitoring resource WhaleStats, the whale bought 8 million DOGE for $1.4 million at about the same time Tesla’s […]

5 Top Altcoins To Buy This Week January 2022 Week 3

Since the launch of the foremost digital cryptocurrency, Bitcoin, numerous alternative currencies (altcoins) have come onto the scene, opening an avenue for investors to search [...]

More than a million users have now bought an NFT on OpenSea

Market-leading NFT marketplace OpenSea has now seen more than one million users make a transaction on its platform as the space continues its recent revival. Data from Dune.

Identity is Fundamental , Credit is the Pass

HongKong, China, 14th January, 2022, Chainwire Credit is not only the cornerstone of the market economy, the credit mechanism has

The post has appeared first on thenewscrypto.com

FTM Technical Analysis: Bullish Pattern Teases a Rally to Create New All-Time High: Is It Too Risky To Join The Rally?

FTM Technical Analysis

FTM coin price action hints at an inverted head and shoulder breakout and $3.16 level, which will help in the creation of a new all-time high. Fantom is a directed acyclic network (DAG) smart contract software platform that provides decentralized finance (DeFi) services for developers through its own custom consensus algorithm. Along with its own currency FTM, Fantom aims to address the issues associated with smart-contract platforms, including the speed of transactions. Developers claim they have reduced it to less than two seconds. Let us move ahead to read about Fantom technical analysis. Past Performance of FTM FTM coin price shows a rise of more than two-fold within a month, with the demand found near $1.25. Moreover, the price has grown 40% in the past four days after the recent dip to the 50-day EMA. Moreover, the price breaks above the $3 psychological mark, indicating growth in overall bullish sentiment for the coin.  FTM/USD Daily Chart FTM Technical Analysis The FTM coin price jump results in the breakout of an inverted head and shoulder pattern in the daily chart. Therefore, a breakout of $3.16 can drive the rally higher to create new all-time high levels. The crucial EMAs (50, 100, and 200) maintain a bullish alignment with the 50-day EMA providing dynamic support to the short-correction phases. Moreover, the lower price rejection in the recent daily candles insinuates a bull run above $3.16. The RSI indicator at 64% flattens after the crossover, with the 14-day SMA slightly below the overbought zone. Moreover, the SMA resembles a similar action, but the lines remain in the nearly overbought zone. The MACD indicator shows the MACD and signal lines reverses after the bearish crossover and gives a bullish crossover in the daily chart.  Therefore, the long-tail formations reflect solid lower price rejection in the FTM coin prices and increase the chances of a rally above $3.16.  Upcoming Trend The breakout of the inverted head and shoulder will increase the overall bullish activity in the FTM coin. Therefore, the breakout of $3.16 seems imminent and will drive the prices higher to $3.5. The price action suggests resistance levels at $3.5 and $3.75 that can oppose the uptrend if the prices break the barrier at $3.16. The high demand levels are at $2.6 and $2.2, which can support the falling prices if it fails to rise above $3.16. In conclusion, the current rally seems to be solid and can overcome the high selling pressure areas. Therefore, traders can hold or even increase their position size.

The post FTM Technical Analysis: Bullish Pattern Teases a Rally to Create New All-Time High: Is It Too Risky To Join The Rally? appeared first on Cryptoknowmics-Crypto News and Media Platform.

EverGrow lost 38% today, time to buy the dip? Where to buy EverGrow

The live EverGrow Coin price today is $9.75e-7 with a 24-hour trading volume of…

The post EverGrow lost 38% today, time to buy the dip? Where to buy EverGrow appeared first on Coin Journal.

Ukraine Reports Massive Cyber Attack on Government Websites

Kyiv on Friday reported a massive cyber attack on key government websites as tensions between Russia and the West over Ukraine escalate following several rounds of unsuccessful talks.

The education ministry said on Facebook that its website was down due to a "global (cyber) attack" that had taken place overnight.

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Defi Project Triggers Uproar by Charging .01 ETH Fee to Join Airdrop

Fees.wtf broke with norms and charged a fee to airdrop recipients, triggering an uproar.

Where to buy PolySwarm, the token of the popular cybersecurity company

PolySwarm is one of today’s biggest gainers, having added 65% to its value in…

The post Where to buy PolySwarm, the token of the popular cybersecurity company appeared first on Coin Journal.

Here are the top places to buy Allbridge now: your hows and whys answered

Allbridge is a unique digital asset because it uses on-chain consensus, which provides stability…

The post Here are the top places to buy Allbridge now: your hows and whys answered appeared first on Coin Journal.

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