The world of blockchain has no shortage of opportunities. According to Footprint Analytics, nine major tokens (those in the top 100 market cap) did a 100x the past year.

Meta’s main social media companies Facebook and Instagram are reportedly planning to let users display and trade non-fungible tokens (NFTs). According to a Financial Times report, the social media giant behind Facebook and Instagram is currently working on prototypes that will allow users to mint collectible tokens. Additional plans include launching a marketplace that allows the buying and selling of NFTs. However, the report did not specify which blockchain network Meta would use for the marketplace. It should be noted that Meta’s NFT efforts are still in their infancy phase, meaning that the mentioned features are unlikely to launch anytime soon. Should it go into fruition, Meta’s reported foray into NFTs could be a major catalyst for mass adoption and help popularize the use of the burgeoning digital assets industry. Just recently, leading NFT marketplace Opensea surpassed $3.5 billion in monthly transaction volume, indicating that over $169 million are being spent each day in NFT trading just within the platform. So far, the NFT market has had a total of $25 billion in all-time sales. In December, Instagram CEO Adam Mosseri hinted that the company was ‘actively exploring NFTs,’ but provided no further details. However, the media sharing platform is now internally testing its NFT showcasing feature, according to people familiar with the matter. The Instagram NFTs project was started last year by Kristin George, Instagram’s director of product and creators, and David Marcus, the former head of Facebook’s payments and crypto arm, leaving the company in December. Replacing Marcus, Stephane Kasriel, the former CEO of Upwork took his place. Facebook initially made its intention to delve into the crypto space in June 2019 when it announced the launching of a Libra stablecoin, along with Novi crypto wallet. Since then, the project has had a rocky journey and has been rebranded to Diem and it’s still yet to launch.

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Bitcoin's network mining difficulty has risen by more than 9%, marking the biggest difficulty adjustment since last summer. 

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Facebook’s Meta is reportedly working on a feature that will allow users to mint collectible tokens and display their NFTs on their social media profiles.

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Key Takeaways Fantom is an Ethereum-compatible Layer 1 chain with over $8 billion locked in its DeFi protocols. It hosts a thriving DeFi ecosystem, including...

The British pound is in positive territory after falling for three straight days. GBP/USD has pushed above the 1.36 line and is trading at 1.3635 in the North American session, up 0.27% on the day. UK inflation hits 30-year high Anyone reading the news has seen plenty of headlines screaming “US inflation hits 30-year high!”. […]

Oil jumps as OPEC see a well-supported market Oil is trading at a seven-year high and the latest OPEC report offers little hope of that trend reversing course, with the group confident that demand growth will remain strong this year. OPEC sees demand hitting 100m barrels per day in Q3, surpassing pre-pandemic levels this year. […]

ADA coin price jumps more than 10% to break above the resistance level at $1.5 and shows a retest in action. Should you buy more at retest? The company was created by Charles Hoskinson, one of the co-founders of Ethereum and the CEO at IOHK, Cardano is one of the biggest blockchains that successfully implemented a proof-of-stake consensus mechanism. The new consensus uses less power than the proof of work algorithm that Bitcoin is built on. Cardano announced its highly-anticipated Alonzo update. With it being updated, the platform now supports a variety of crypto-related applications, such as non-fungible tokens (NFTs) as well as smart contracts. Let us move ahead to read about the Cardano technical analysis. Past Performance of ADA The ADA coin price shows a growth of more than 10% in the past 24 hours, resulting in the breakout of the resistance level at $1.5. Moreover, the price action forms a solid bullish engulfing candlestick in the daily chart. The price jump and the 100% growth in the intraday trading volume show a boom in buying pressure.  ADA/USD Daily Chart ADA Technical Analysis The V-shaped in the ADA coin price gives a bullish breakout of the double bottom pattern indicated in our previous technical analysis. The price retraces to retest the bullish breakout. Therefore, a tail formation near the neckline at $1.5 can be seen shortly. Crucial EMAs (50, 100, and 200) in the daily chart still maintain a bearish alignment, and the price jump faces rejection from the 200-day EMA. However, the post-retest bull run can bring the potential to rise above it.  The RSI indicator at 63% shows an end in the sharp growth as the slope retracts with the price facing rejection. Nonetheless, the slope remains above the central mark suggesting an increased bullish momentum.  The MACD indicator does a growing MACD line as the gap with the signal line increases. Moreover, the increasing intensity of the bullish histogram indicates a rise in underlying bullishness. Therefore, the ADA price action and the technical indicators indicate a boom in buying pressure and trend momentum.  Upcoming Trend The breakout of the double bottom pattern with the boom in buying pressure and trend momentum indicates the start of a bull run. Therefore, a price jump in ADA coin to $2 is possible after retesting the neckline breakout. The price action suggests upcoming resistance levels at $2 and $2.30. And, in case of a bearish reversal, the price can find support at $1.5 and $1.125. At press time, the sentiment chart gives a “NEUTRAL” signal for the ADA coin. Technical Analysis for ADAUSD by TradingView

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More bonds were bought in November than all of 2020, 2019 and 2017 combined, and twice more were bought in December than all of 2018, itself a record year. Call...

Lucky Kittens is an algorithmically-generated Solana-based NFT collection composed of 5,888 pixelated cats. A relatable image is one of the factors that can catapult a non-fungible token (NFT) collection to success, but the problem is, most creators wrongly took this ‘relatable’ element by merely producing copycat creations. While the NFT market is awash with all sorts […]

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SCRT coin price breaks above $9 and is soon to complete a rounding bottom breakout. Can we see the bulls create a new high above $10? Secret Network is based on original privacy research and papers from MIT in 2015, including “Decentralizing Privacy.” It is an open-source and permissionless blockchain. It is one of the most influential papers in the blockchain space with 2,000 academic citations.  Nodes on the Secret Network perform general computations on encrypted data that help smart contracts use private and sensitive data as inputs. The primary focus of the network is computer privacy, not just the transactional privacy that is apparent from its name. Let us move ahead to read about Secret technical analysis. Past Performance of SCRT The SCRT coin price action jumps more than 70% resulting in the breakout of $9 in the past week. The breakout of the $9 horizontal level was expected in our previous Secret network technical analysis. Combining the bullish growth and the 50% jump in the intraday trading volume suggests a rise in buying pressure. Therefore, the bulls are strengthening their grip on trend control. SCRT/USD Daily Chart SCRT Technical Analysis The SCRT coin price hints at the completion of a rounding bottom pattern in the daily chart. The breakout of the pattern teases a bull to $16 if the buying pressure sustains. Therefore, traders can find an excellent breakout entry shortly. Crucial EMAs (50, 100, and 200) manage to sustain their bullish alignment as the price jump helps the 50-day EMA avoid crossing below the 100-day EMA. The 20-day EMA provides constant support and rises along with the bullish rally.  The RSI indicator at 73% shows a sudden slanting spike in the slope as it enters the overbought zone. Moreover, the 14-day SMA is above the 50% mark and approaches the overbought zone. The MACD indicator shows the MACD and signal lines maintain equal distance while rising higher into the positive zone. Moreover, the continuation of bullish histograms reflects the bulls regaining trend control again. Therefore, the SCRT price action and technical indicators showcase a boom in buying pressure and trend momentum. That is why the breakout of the rounding bottom pattern seems imminent.  Upcoming Trend The SCRT coin price action is close to completing an extremely bullish price pattern in the daily chart. The breakout of the rounding bottom pattern can drive the prices higher to $16. Therefore, traders can find buying at current prices or at the breakout of $10 to ride the potential rally.  The Secret Network price action suggests high supply areas after $10 at $11 and $12.35. And, in case of a reversal from the neckline at $10, the price can find support at $8 and $7. At press time, the sentiments chart gives a “BUY” signal for the SCRT coin. Technical Analysis for SCRTUSD

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UNI coin price approaches the resistance trendline of the falling broadening wedge pattern. Can bulls break it this time? Uniswap is a famous decentralized buying and selling protocol, acknowledged for its position in facilitating the computerized buying and selling of decentralized finance (DeFi) tokens. Its objectives are to preserve token buying and selling computerized and absolutely open to anybody who holds tokens. At the same time, enhances the performance of buying and selling as opposed to that on conventional exchanges. The exchange creates greater performance via means of fixing liquidity troubles with computerized solutions, fending off the issues which plagued the primary decentralized exchanges. Let us move ahead to read about Uniswap technical analysis. Past Performance of UNI The UNI coin price action shows a bullish reversal from the horizontal level of $14 resulting in a price jump of more than 20%. The price jumps breaks above the $16 zone and approaches the resistance trendline. However, the bearish candle forming near the trendline hints at a bearish reversal. UNI/USD Daily Chart UNI Technical Analysis The UNI coin price approaches the resistance of the falling wedge pattern in the daily chart. However, the high selling pressure near the trendline seems to suppress the short-term bullish rally.  Crucial EMAs (50, 100, and 200) trend lower in a bearish alignment in the daily chart. The price faces dynamic resistance near the 50-day EMA, resulting in the bearish candle at press time.  The RSI indicator at 51% shows a sudden decrease in the slope resulting in a fall towards the central line (50%) in the daily chart. Therefore, the indicator reflects a sudden fall in the underlying bullish momentum. The MACD indicator shows a rising movement in the MACD line after the bullish crossover with the signal line. Therefore, the indicator remains bullish for the coin.  Therefore, the UNI coin price action and technical indicators wait for the breakout of the trendline or the $16 zone to give a decisive signal.  Upcoming Trend The UNI coin price struggles to rise above the high selling pressure area, moving along with the resistance trendline and the 50-day EMA. However, the $16 support zone stands strong and attempts to push the price higher.  Therefore, traders need to wait for the price action confirmation before picking a side.  The price action suggests upcoming resistance levels at $19 and $22 following the resistance trendline. And, in case of a bearish reversal, the price can find support at $16 and $14. At the time of writing, the sentiment chart gives a “BUY” signal for the UNI token. Technical Analysis for UNIUSD

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