Illuvium (ILV) prices are down over 78 percent from H2 2021 peaks. However, they are stable on the last trading week, capped below $550—an immediate resistance level. Past Performance The Illuvium price is stable on the last trading day but is down 78 percent from H2 2021 peaks. As per the formation in the daily chart, the ILV price is bearish, and every high may offer entries for aggressive traders. Even so, ILV has strong support at $470, flashing with 2022 lows. Illuvium Technical Analysis Illuvium sellers are in command at spot rates, reflecting the general state of the crypto market for the past few months. Despite the sharp sell-off, the stabilization of ILV prices is a net positive. Therefore, based on the formation in the daily chart, traders may wait for a close above $550—in a bull trend resumption—or a dump below $475 before placing trades. Thus far, there are higher highs relative to the lower BB, which signals bears’ strength and possibly exhaustion. Still, this depends on how prices edge past the immediate reaction point. A close below $470 would easily see ILV slide to $400, reversing all gains made in H2 2021. Conversely, a pullback above the resistance trend line and $550 may be the basis for a rally towards $600 and $740 in the medium term. What to Expect of Illuvium? Traders are hopeful, but sellers are in the driving seat. The reaction at $470 and $550 would define the medium-term trend as ILV prices consolidate inside March 8 and 9 bull bars.

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The DASH trading week from 7 March has become quite important in the medium term. The fact is that buyers managed to win a local victory and swallow the previous weekly candle of sellers. All this happened at an increased volume, which signals the growing interest of investors in the DASH cryptocurrency. Of course, looking at the weekly timeframe, it is too early to talk about the absolute dominance of buyers, but the first stone for success is laid. The $90 range was the starting point. https://www.tradingview.com/x/xBSSxIID/ At the moment, there is only one question – whether the DASH price reversal will start from this range, or whether sellers will be able to organize a financial fall wave to $70. To implement a positive scenario and reverse the price without updating the mark of $90, buyers need to test the mark of $120 during the trading week on 14 March. This action of buyers organizes a consolidation corridor in the range of $90-$120, in which buyers will have a chance to gain a position to start growing with the first target of $140. This increase in the DASH price will not mean a change in the global trend. The $140 mark is the global trend line of sellers, which they have been keeping since May 2021. So we do not expect the $140 mark to break for the first time. Technical Analysis Of DASH On The Daily Timeframe. https://www.tradingview.com/x/j3Tnc1E1/ Analyzing the movement of the DASH price on the daily timeframe, we see that the price is moving down the stairs. It became difficult for sellers to gain impulse to conquer new price zone. Now, after long consolidations, sellers are taking a step lower and a new consolidation is beginning. This fall of the DASH price indicates a significant weakening of sellers and driving them into a trap at local lows. However, there are still many sellers in the DASH market. This is evidenced by the daily candle from 10 March. On the chart, we see that on this day there were high trading volumes, but the buyers could not achieve a corresponding result. To start a new attack of buyers, they should confidently keep the $85 range. If sellers are unable to push the price below this mark during the current local attack, we will expect a sharp DASH cryptocurrency growth from the second half of March. DASHBTC Price Is In The Final Stages Of The Wedge https://www.tradingview.com/x/ow81sVqd/ On the weekly price chart of DASHBTC special changes for the trading month are not noticeable. Tensions between market participants have increased even more. Buyers do not let the price out of the red falling wedge, and sellers do not allow to organize a rebound. Given the scale and duration of the DASHBTC price in this formation, we expect a rapid change in the trend with the first growth target of 0.0035. The final target remains the same – it is in the range of 0.0058. An alternative scenario in the DASHBTC market will come after a breakdown and retest of 0.002. In this case, the prospect of the price fall will be 40% down.

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The Near Protocol price is bearish at spot rates, inching lower inside a descending triangle. Currently, NEARUSDT is below a double top at $12. Past Performance Near Protocol traders may be hopeful, expecting NEAR prices to rip higher and clear immediate resistance levels. However, from the daily chart, sellers are in control. The coin is down six percent in the last trading day and at breakeven versus the USDT on the previous trading week. There could be elements of strength. However, NEARUSDT prices are still capped inside a descending wedge. NEAR Technical Analysis The failure of NEAR bulls to close above the resistance trend line and the descending wedge at $12 is a pointer to weakness. The path of least resistance is southwards in the near term. Notice that prices are also recoiling from the double top marking March 2022 highs even though NEARUSDT prices are still within the March 1 and 9 bull bars. A close above $12 confirms buying pressure, setting the base for another leg up towards $14 and $20 as prices bottom up. On the flip side, more profound losses below $9.5 and the support trend line could trigger a selloff, pushing NEAR towards December 2021 lows of $6.6. What to Expect of NEAR? Despite the optimism, bulls are struggling against a wave of selling pressure. The short-term trajectory of NEAR depends on the reaction at $12 and the descending triangle.

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The Central Bank of Bahrain has granted Binance the first license for a global crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC). The latest development was brought to light in a tweet made by the Binance founder, Changpeng Zhao. Binance to Raise $20 Million in Support for Ukraine The prominent crypto exchange has been in a lot of news lately. In another tweet made about an hour before the writing of this article, Binance revealed that it would be raising $20 million to support the refugee crisis in Ukraine.  

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Terraform Labs, the company behind Terra blockchain has announced an additional donation of 12 million LUNA or approximately $1.2 billion to the Luna Foundation Guard (LFG) that will be directed towards its growth and stabilization to maintain the UST dollar peg. Do Kwon, the CEO of Terraform Labs, announced on Twitter that the funds will be utilized to burn and mint its UST stablecoin in order to grow the reserves of the Luna Foundation Guard. TFL has donated 12M additional $Luna to @LFG_org. https://t.co/KOqaABKWZi The funds will be burned to mint $UST, and thereafter used to grow LFG's reserves. At current prices, this reflects another 1.2B incoming addition to the $UST reserves. 🌕 — Do Kwon 🌕 (@stablekwon) March 11, 2022 UST is an algorithmic-based stablecoin in the Terra ecosystem with an exchange rate of 1:1 with the U.S. dollar and is in part maintained by swapping of/for LUNA tokens when its market value deviates from its peg. The burning of $1 in UST results in the minting of $1 in LUNA and vice versa. The purpose behind the recent move is to maintain the stability of UST and its peg to the U.S. dollar. While other stablecoins manage to maintain this peg using various systems, UST relies on its relationship with LUNA, and the arbitrage opportunities that the treasury offers to traders. Earlier last month, the Luna Foundation Guard (LFG) raised another $1 billion through its sale of the LUNA token to build a bitcoin-denominated foreign-exchange reserve for UST.

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Forbes subscribers are in for a piece of very exciting news – a fine opportunity to purchase a Forbes Virtual NFT Billionaire Collection, 48 hours prior to the actual sale.  Didn’t make the Forbes Billionaires list? You can still join the virtual fun on the next best list as an owner of a Forbes Virtual NFT Billionaire! Forbes subscribers get early access to the sale. Learn more here: https://t.co/ErUP5IgWQT pic.twitter.com/C9iZpjtFdy — Forbes (@Forbes) March 11, 2022 Introduction to Forbes Virtual NFT Billionaire It refers to a virtual investor with a virtual network based on the currency NYSE pricing. The Forbes Virtual NFT Billionaire comes along with its profile page featuring a customized illustrated 2D and 3D headshot. Current NFT Billionaire owners will be provided with a public wallet address listed with the Billionaire that they own on the official website of Forbes.  Preparation for NFT Billionaire Collection Forbes has been in a partnership with the crypto exchange, FTX to launch ERC-721 tokens next month. To purchase the NFT, users must create an FTX US account and verify it. Thereafter, the user must deposit .25 ETH into your FTX account.  When the sale goes live, one must click on “Mint for X USD.” This process will provide you with random NFTs and will also show you how many NFTs have been minted till now. 

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As previously promised, customers of AMC Theatres, a subsidiary of AMC Entertainment, will now be able to pay with meme coins Dogecoin (DOGE) and Shiba Inu (SHIB)- thanks to a partnership with BitPay, a crypto payment company. The CEO of the world’s most prominent movie exhibition company made the announcement on Twitter today, saying the company is making the move in response to the ‘clear enthusiasm and interest’ shown by customers. Since their inception, communities of both meme coins have been working hard to encourage businesses to accept the tokens as a form of payment. Adopting Dogecoin and Shiba Inu as Crypto Payments A widely acknowledged reality is that the use of cryptocurrencies and blockchain technology in daily life is increasing day by day, and those who refuse to make the transition are falling more and further behind. Following months of promising the new payment option, the firm revealed last year that it had finally implemented cryptocurrency payments for movie tickets. At the time, it only accepted Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Litecoin Cash (LTC), with the promise that DOGE would follow shortly after. A Twitter poll was also created by the company’s CEO, Aaron Adams, to determine if Shiba Inu (SHIB), another famous meme cryptocurrency that just surpassed Dogecoin in terms of market valuation, should be added to the list of supported cryptocurrencies. According to the results of the poll, the majority of the votes were in support of the movie theater chain embracing SHIB. AMC Theatres is not the only US movie theater chain accepting Dogecoin, Shiba Inu, and other cryptocurrencies for payment of movie tickets. Last year, Regal Cinemas, an American movie theater chain based in Knoxville, Tennessee, announced a partnership with Flexa, a digital payments company, to enable customers to pay for tickets and concessions using digital currencies such as Bitcoin, Dogecoin, Ethereum, and Litecoin.

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XRP was created as the native token of fintech company Ripple to reduce the cost of transactions in cryptocurrencies and to act as an alternative mode of payment to the universal Society for Worldwide Interbank Financial Telecommunication (SWIFT). It ensures that transactions are completed within 3-5 seconds through its adoption of validators that are made up of Ripple, financial institutions, and universities. The cost of transactions on the Ripple platform using XRP is lower when compared to fees paid in doing transactions on Bitcoin and Ethereum platforms. What is XRP? XRP is the cryptocurrency token that is used on Ripple’s products such as Ripplenet and XRapid. It is open-source and runs on the XRP ledger. XRP is the only cryptocurrency that can be used in carrying out transactions on the XRP ledger, while any other cryptocurrencies can be used on Ripplenet’s platform. Transactions on the XRP ledger (XRPL) are almost instant and cost fractions of the U.S dollar. XRP was launched The XRP ledger is a decentralized public blockchain that is owned by the global developer community. Let’s see the XRP price prediction for the coming years. Price Analysis of XRP token? Flashback: Fundamental Analysis of XRP The recent ban imposed on Russia by the U.S and the European allies that would remove it from operating with SWIFT has increased the price of XRP by over 10% in less than 72 hours since XRP enables users to carry out cross border remittance within seconds through its XRapid product and Ripplenet platforms. Also, Ripple entered into a partnership with Modulr Technology, a leading payment platform in the U.K and Europe. This will help in ensuring seamless transactions to their customers with the XRP token. One of its subsidiaries, Trust Payments is a major beneficiary of the deal. In another partnership news, XRP parent company Ripple, partners with the Digital Euro Association (DEA) to ensure sharing of knowledge in their plan to launch Central Bank Digital Currency (CBDC) by 2023. Furthermore, STASIS a leading provider of stablecoins has said that it would be launching its EUR stablecoin on the Ripple platform due to its low cost of transactions and speed of completion. The section below outlines the XRP price prediction for the next five years. XRP Price Prediction 2022 By the end of the first quarter of 2022, the price of XRP is expected to be at least $0.81. This price is expected to rise to about $0.9 in the second quarter and stay between $0.85 and $0.92 by the end of the second quarter. However, the price of XRP could drop to about $0.7 in the third quarter but is expected to be within a price range of $0.72 to $0.8 by the end of the third quarter. In the last quarter of 2022, the price could rise to $1 but it could end the year at a price of $0.95. XRP Price Prediction 2023 By the end of the first quarter of 2023, the price of XRP could reach $1.2. The price could plummet to $0.98 in the second quarter but is expected to stay in the range of $0.8 and $1.3 by the end of the second quarter. In the third quarter of 2023, the minimum value of XRP could be $1 while the maximum price could be $1.5. By the end of December 2023, XRP could trade at a minimum price of $1.4. XRP Price Prediction 2024 The price range of XRP in the first quarter of 2024 is between $1.35 to $1.6. By the end of the second quarter, it could at a price of $1.7. By the end of the third quarter and the fourth quarter, it could trade at a price of $1.8 and $2 respectively. XRP Price Prediction 2025 In the first quarter of 2025, XRP price could break its present all-time high price of $3.84. By the end of the second quarter, it could trade at a price of $4 at least. By the end of the third and fourth quarters, its price should be $4.2 and $5 respectively. XRP Price Prediction 2026 By the end of the first, second, third, and fourth quarter of 2026, the price of XRP should be $6, $6.5, $7, and $10 respectively. XRP Price Prediction: Market Sentiment XRP price prediction by well-known media platforms is explained in the sections below: Gov Capital According to Gov Capital, the price of XRP could reach $1.24 by February 2023 and $5.3 by February 2027. PricePredictions According to Price predictions, the price of XRP could reach $0.89 in 2022 and $2.75 by the end of 2025, and $16 by 2030. DigitalCoin According to DigitalCoin, the price of XRP could reach $0.98 by 2022, and $1.16 by 2023. By the end of 2025 and 2030, the price of XRP could reach $1.41 … Continued

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In a recent announcement made by its CEO, FTX, one of the top and fastest-growing cryptocurrency exchange companies in the world, announced a cryptocurrency payment partnership with Stripe, a technology company that is creating financial infrastructure for the internet and whose primary products are payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile apps. In addition to handling cryptocurrency payments and processing funds for customers who deposit into their FTX account using Stripe, the cryptocurrency company hopes to provide a streamlined onboarding and identity verification procedure for new users looking to join its exchange. Tristan Yver, the Head of Strategy at FTX, said, “We want FTX to become a trusted mainstream brand. We’ve partnered with Stripe to help us transform what could be unintuitive crypto experiences into ones that exceed consumer expectations,”. Providing a More Convenient Payment Experience for Cryptocurrency Buyers For consumers who wish to acquire cryptocurrency using debit cards and bank transfers, FTX established a new payments arrangement with Stripe in a matter of days using the Stripe platform. The crypto exchange company intends to reduce fraud risk by using Stripe Radar, which uses machine learning models to monitor signals such as client data and billing information in order to identify fraudsters from legal consumers, among other things. A smooth onboarding and identity verification flow have also been developed by FTX with the help of Stripe Identity, which is a significant improvement over the prior identity verification procedure, which could take as long as a week. The news comes shortly after FTX’s announcement of its expansion into the European economy through its European subsidiary, FTX Europe, by partnering with Tomorrowland, one of the world’s major music festivals, to capitalize on Web3, blockchain technology, and cryptocurrency payments. Users in the European Economic Area will be able to access FTX’s innovative products, including industry-leading derivatives, options, and volatility products, tokenized stocks, and other services and products.

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 Investing in volatile assets such as cryptocurrencies can be tricky since it requires traders to gauge the market 24/7. However, tools like the stock-to-flow (S2F) model can be used to make investments rationally. Just like the traditional capital asset pricing model (CAPM), the S2F model can help anticipate the price of a cryptocurrency like Bitcoin. Let’s understand what is the stock-to-flow (S2F) model and analyze its accuracy for crypto price prediction in this article. Stock-to-flow ratio Explained The S2F ratio provides a number that indicates the number of years crypto will take to reach the current supply (at the current production rate). In general, with the highest number, the crypto asset will be more expensive too. An institutional investor called “Plan B” popularized the concept of the S2F ratio. The SF ratio has a long history of being connected with the price of Bitcoin (BTC), making it a popular approach for predicting future BTC price estimates. Bitcoin is the first and most well-known rare digital object globally, and its supply is limited, just like silver and gold, with only 21 million coins in circulation. The value of Bitcoin increases because of its scarcity, and the S2F takes advantage of this fact to predict Bitcoin’s future price. Bitcoin’s core technology ensures that the number of new coins issued decreases over time, increasing scarcity.  The miner who calculates the hash required to validate a block of transactions, creating a proof-of-work, receives a “block reward,” which is halved after every 210,000 blocks called Bitcoin Halving. The block reward has decreased from 50 BTC in 2009 to 6.25 BTC in 2020. In 2012, it was 25 BTC and 12.5 BTC in 2016, and in the spring of 2024, the next halving will occur. Due to this halving event, BTC’s price rises. The justification can be found in economics- when supply is reduced, scarcity increases, and price hikes too. The scarcity can further be used to forecast future prices or the best time to invest in BTC. The significant amount of scarcity can be evidenced by a higher ratio. Cryptocurrency is similar to precious metals like gold and silver since it cannot be converted into components and is rare. The value generated by the S2F is a relative value that makes it easy to calculate the ratio. The stock-to-flow ratio compares a commodity’s current stock (the total amount available) to new production flow (amount mined during a specific year). Therefore, S2F= Stock/Flow. Let’s understand how to compute the S2F ratio: The stock of Bitcoin was 18,847,331 BTC in October 2021, which is 89.74% of the total supply. The number that represents the stock is subject to change as new blocks are mined every 10 minutes. The flow of BTC at the same time was 328,500. When these numbers are imputed into the stock/flow formula (18,847,331/328,500), the result is an S2F ratio of 57.374. As a result, mining the entire BTC supply would take about 57 years without considering the maximum supply and halving events. Additionally, Bitcoin halving events raise the S2F ratio by increasing scarcity, which causes the price of Bitcoin to rise. For investors to understand why Bitcoin is categorized as a currency rather than a commodity, this is the most significant statistic. Limitations of the stock-to-flow ratio The model ignores the demand of a cryptocurrency while computing the ratio and considering only supply. However, both demand and supply factors are equally essential to determining asset price. Hence, if demand falls for BTC, the price will decline too; it doesn’t matter if the halving event leads to BTC price rise. Volatile price swings influence the cryptocurrency market, and in periods of high volatility, an investor may sell their holdings. This reaction may lead to the price decline due to the liquidation of the long positions. The S2F ratio ignores the volatility factor too. Another hypothetical situation like a black swan event may prohibit investors from trading cryptocurrencies, leading to a decline in the price of digital assets under consideration. The S2F ratio does not take this factor into account while predicting the future price of BTC. How to trade using the stock-to-flow ratio? Learning how to use the stock-to-flow approach in cryptocurrency trading could be advantageous despite these shortcomings. According to the model’s history, when a cryptocurrency’s stock-to-flow ratio rises, so does its value. This connection can assist you in making investment decisions. A high stock-to-flow ratio, such as 60 or above, indicates that relative scarcity is high, meaning that prices will rise as well. However, when investors see this ratio, they may decide to sell some of their Bitcoin to profit from the current high price. They may also buy more if the ratio is low but predicted to rise in the future. Understanding how to leverage the stock-to-flow ratio in crypto can … Continued

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According to many persons familiar with the administration’s preparations, President Joe Biden is expected to issue an executive order this week outlining the US government’s cryptocurrency strategy. *BIDEN TO SIGN CRYPTO ORDER AS INDUSTRY FACES SANCTIONS PRESSURE — *Walter Bloomberg (@DeItaone) March 7, 2022 The order will urge federal agencies to look into potential regulatory reforms, as well as the national security and economic implications of digital assets. The White House’s attitude to cryptocurrency has received renewed attention in recent weeks as a result of sanctions imposed by Washington and its allies on Russia, raising concerns that corporations and individuals in the country could utilize cryptocurrency to circumvent the limits. The order, which has been in the works since last year, would require federal departments across the board to report on their digital asset policies later this year. Industry leaders complain about a lack of clarity on US laws, putting pressure on Biden’s staff to play a greater coordinating role. We’ve known this for months. https://t.co/JYZwwGrK3a — The Wolf Of All Streets (@scottmelker) March 7, 2022 Meanwhile, lawmakers such as Senator Elizabeth Warren and Senate Banking Committee Chairman Sherrod Brown are closely scrutinizing the crypto industry, citing worries that sanctioned persons and firms in Russia may be exploiting digital assets to circumvent sanctions. Nonetheless, given the small scale of the market, several researchers and officials have questioned how successful workaround crypto could be.

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Virtual worlds are no longer just for entertainment and they have become valuable real estate in their own right as a result of people’s willingness to invest time and money in them. It is irrelevant whether these goods and spaces are digital or not, whether they are virtual or real- they are valuable because they are created by people who care about them. Minecraft is one of the first games with no goals or rules, and the game is open for players to build and explore at their leisure. This is referred to as a “sandbox game”, and these games are designed in the sandbox style, allowing children to build whatever they want. What is the Sandbox? The Sandbox is a virtual world in which players can create, own, and monetize their own gaming experience. The platform is based on the Ethereum Blockchain Network and includes an in-house governance and utility token known as SAND. In-game items will be tokenized as non-fungible tokens, making them freely tradable on marketplaces. The Sandbox’s virtual world is divided into 166,464 lands. These lands are the metaverse spaces where players can create and monetize games. Land and estates can be combined to form districts, and districts can be combined to form estates. The project was launched in 2018 and is still in the early stages of adoption and development. The Sandbox’s three main components are Vox Edit, the Marketplace, and the game itself. Let’s take a closer look at the Sandbox’s components. 1. Vox Edit: VoxEdit is a 3D voxel modeling software that enables artists to create and animate 3D objects such as people, animals, tools, and so on. These in-game assets can be used in the game by the artists or sold on the market. 2. Marketplace: Users of the Sandbox project will be able to sell their creations in VoxEdit in the form of non-fungible tokens (available in ERC-721 standards). This will provide creators with an open market to monetize their creations. 3. The Sandbox Game Land: The virtual world of Sandbox is divided into several lands. After purchasing land, a user can use it to create a game and place their in-game assets. Users can use assets to decorate their land and incorporate gameplay features by assigning predefined behaviors to the assets. This can transform a piece of land into a full-fledged game. 4. The SandBox Avatar: An Avatar is an in-game virtual reality representation of a player that can be customized to suit the needs of Sandbox players. Users can try different outfits, hairstyles, and colors to get a unique look. They can also boost the attributes of their avatar with various items available in the marketplace. 5. SAND Token: Sand is the in-house utility and governance token of the Sandbox ecosystem and can be staked on a specific piece of land. As a staker, you will receive a few gems and catalysts as a staking reward, which can be used on the platform or sold on the marketplace. By 2023, the platform’s ecosystem will be converted into a DAO (Decentralized Autonomous Organization). 6. Land and Lands Map: Lands are physical spaces in the metaverse owned by players to create and monetize games and can be rented to game creators. Anyone who purchases a piece of land will be granted a LANDS token, which is an ERC 721 (Non-Fungible Token standard) token. There are a total of 166,464 land areas that can be purchased and 58% of the land has already been sold on the platform. Revenue Model of The Sandbox platform The Sandbox team has identified the following five revenue streams that would help in managing and growing the platform: 1. Advertising Revenue  Businesses will be able to advertise their products or services on the Sandbox platform, and the platform will charge a fee for these services. 2. Company NFT Sales  In addition to the NFTs created by the individual artists, the company also has its own in-house NFT to be sold in the marketplace. 3. LAND sales  Sandbox has been selling the LAND pieces in auctions, which has generated revenue for the platform. 4. Player Subscription and Services  The company would make money from players by charging them subscription fees and other service fees in order to give them access to exclusive in-game features and premium assets. 5. Transaction Fee  The Sandbox would charge a 5% transaction fee on every transaction on the platform. As a result, as the platform grows in popularity, transaction fees will become the primary source of revenue. Partnerships The Sandbox has several renowned partners, such as: Atari Axie Infinity Binance CryptoKitties Dapp Harmony Network Kyber Network Polygon Network Conclusion The Sandbox is a new virtual world that aims to replicate the success of Minecraft in the gaming industry and monetize the whole gaming … Continued

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