Generative Data Intelligence

Tag: Live Crypto News

Congress Members Alleges SEC for ‘Stifling Innovations’

Questions About A Trader Who Turned $50 Into $8M Made BBC Pull Out Documentary

Gary Gensler, the Chair of the U.S. Securities and Exchange Commission was questioned in a letter by eight members of the U.S. Congressional Blockchain Caucus concerning the treatment of SEC towards crypto firms.  Congress Members’ Crypto Probe The initiative was spearheaded by Congressman Tom Emmer (R-MN) on March 16, 2022. Emmer took to Twitter stating that the U.S. Congress office had been receiving several tips from many crypto and blockchain firms alike.  These tips were shared in regards to Gensler’s ‘requests’ to the crypto community that was burdensome, not voluntary, and were bordering towards ‘stifling innovation.’ My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation. — Tom Emmer (@RepTomEmmer) March 16, 2022 Tom Emmer replied to his tweet by sharing his bipartisan letter to the SEC Chair which was highly appreciated by the Blockchain Association. The Association gave the due credits to the eight members including Emmer, Darren Soto, Warren Davidson, Jake Auchincloss, Byron Donalds, Josh Gottheimer, Ted Budd, and Ritchie Torres. This is why I sent a bipartisan letter today to SEC Chair @GaryGensler with @RepDarrenSoto, @WarrenDavidson, @RepAuchincloss, @RepDonaldsPress, @RepJoshG, @RepTedBudd, and @RepRitchie regarding the SEC’s crypto information seeking process. pic.twitter.com/8HcTgZA0XL — Tom Emmer (@RepTomEmmer) March 16, 2022 The letter alleged the Securities and Exchange Commission’s Chair in gathering information in an inconsistent manner, which was the polar opposite to Commission’s standards for “initiating investigations.” Gary Gensler is known for being a nemesis of the crypto industry for a long time.

The post Congress Members Alleges SEC for ‘Stifling Innovations’ appeared first on Cryptoknowmics-Crypto News and Media Platform.

Bored Ape Yacht Club Launches Its Official ApeCoin Token

Bored Ape Yacht Club Launches Its Official ApeCoin Token

The Bored Ape Yacht Club (BAYC) NFT collection announced its highly anticipated ApeCoin ($APE), an ERC-20 token produced on the Ethereum platform. ApeCoin Will be Governed by a New DAO ApeCoin is described as the “token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3” or the expansion of the BAYC universe. Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. 🧵 — ApeCoin (@apecoin) March 16, 2022 Notably, the token was not created by Yuga Labs, the developer behind the Bored Ape Yacht Club (BAYC) NFT Collection but the newly founded ApeCoinDAO. The only requirement to join this DAO is holding ApeCoin. To put it simply, $APE will serve as a token to govern the future of the Bored Ape community which includes funding allocations, governance rules, projects, partnerships among others. Yuga Labs is adopting ApeCoin “as the primary token for all new products and services” including its blockchain game coming later this year, according to an official statement. In fact, Animoca Brands’s blockchain game Benji Bananas will also implement ApeCoin starting today. Major Exchanges Announced Support for $APE Immediately after $APE was revealed, Coinbase Assets Twitter account announced supporting the token on an “experimental basis” starting today at 12:00 PM EST, assuming key liquidity thresholds are met. New asset: Coinbase will add support for APE with the Experimental label. Learn more about the Experimental label here: https://t.co/MBMBbYyZ7S pic.twitter.com/9FuL5I1bQA — Coinbase Assets (@CoinbaseAssets) March 16, 2022 The Experimental label, as per Coinbase’s website, refers to “certain tradable assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.” In addition to Coinbase, a few of the significant U.S. exchanges including FTX, Kraken, Gemini, Binance.US, too announced support for the newly launched token. Upcoming listing on FTX: $APE spot and perpetual futures!@apecoinListing details: https://t.co/3zGsvrAmxu pic.twitter.com/jyLmoGuJVw — FTX (@FTX_Official) March 16, 2022 The news comes just days after Yuga Labs, the creator of Bored Ape Yacht Club, had acquired the CryptoPunks and Meebits NFT series from Larva Labs.

The post Bored Ape Yacht Club Launches Its Official ApeCoin Token appeared first on Cryptoknowmics-Crypto News and Media Platform.

Polkadot Price Prediction 2022-2026-Will DOT Price Hit $30 by the end of 2022?

Polkadot Launches Parachains, Expanding Scalability

DOT is the native token of the Polkadot network and it is used for staking for operations, bonding tokens to connect to flagships, and network governance. One of the aims of the Polkadot protocol is to provide the foundation for the creation of decentralized internet of blockchains known as web3. Polkadot provides the necessary tools for the creation of decentralized applications, services, and institutions controlled by the users. Polkadot (DOT) has four components which are relay chain, bridges, parachains, and parathreads. What is Polkadot (DOT)? SOL is the token used to carry out transactions within the Solana open-source blockchain. The blockchain can be used to build decentralized applications and also deploy smart contracts. It was launched in March 2020 with Anatoly Yakovenko as the main co-founder. Dot is used as the token for transactions on the Polkadot blockchain. Polkadot is a sharding chain in that it helps the transfer of data and assets from one blockchain to another to improve scalability. It was founded in 2016 by Gavin Wood, Peter Czaban, and Robert Havermeier. Now, let’s see Polkadot’s (DOT) price analysis for coming years. Polkadot (DOT) Price Analysis Flashback: Fundamental Analysis of Polkadot (DOT) A research report by Messari on-chain published that Polkadot (DOT) is the highest altcoin that is held by Venture Capital fund managing organizations in the fourth quarter of 2021. This shows that although, DOT is the 12th cryptocurrency with a market capitalization of about $17.32 billion. This news might push more investors to hodl the coin for the long term which will directly move the price higher. Nodle, a decentralized wireless network that provides secure and low-cost connectivity and data liquidity to connect billions of devices worldwide has won the Polkadot challenge for developers who registered for Parachains. With a large number of Nodle users and the over 2.48 million DOT used in the challenge, more users in the crypto community will be exposed to the Polkadot blockchain which will directly impact positively on the price of DOT. Now, let’s look at charts to see what it says about the price analysis of Polkadot (DOT). https://www.tradingview.com/x/mixTzdS4/ The Relative Strength Index (RSI) value of Polkadot (DOT) is 48.66 from the link above. This means that the present trend of DOT is neutral since it lies between 30 and 50. However, since it is approaching 50 which means a strong trend, the price of DOT might move higher since the present candlestick is bullish. https://www.tradingview.com/x/TfdKCOHA/ The long-term price of Polkadot (DOT) from the link above is bearish. This is because the 100-MA is above the 200-MA in the 1Day chart of DOT/USDT. https://www.tradingview.com/x/hzuBnu7g/ The link above represents the chart for the William Alligator indicator for DOT/USDT. Since the blue curve called the jaw is above, it means that the present downtrend of Polkadot might continue for a while before a reversal. The section below outlines the Polkadot price prediction for the next five years. Polkadot (DOT) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of DOT will be at least $19, $22, $20, and $30 respectively. Polkadot (DOT) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of DOT will be at least $40, $50, $55, and $80 respectively. Polkadot (DOT) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of DOT will be at least $75, $90, $110, and $150 respectively. Polkadot (DOT) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of DOT will be at least $160, $180, $170, and $250 respectively. Polkadot (DOT) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of DOT will be at least $280, $300, $320, and $500 respectively. DOT Price Prediction: Market Sentiment DOT price prediction from well-known media houses is explained below: PricePredictions According to PricePredictions, the price of DOT will be $22.7 by 2022 and $455 by the end of 2030. DigitalCoins According to DigitalCoins, the price of Polkadot (DOT) will be around $23.3 in 2022 and $80 by the end of 2030. Wallet Investors According to Wallet Investors, the price of Polkadot (DOT) will be $32.5 by next year and $96 in five years. Our Polkadot Price Prediction With the adoption of Polkadot Parachains in mobile data usage by Nodle and a forecast that the mobile global data traffic will be 220.8 million terabytes per month by the year 2026, we can deduce that it is possible for DOT to reach $500 by 2026. Conclusion From the fundamental analysis and the market sentiment around … Continued

The post Polkadot Price Prediction 2022-2026-Will DOT Price Hit $30 by the end of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Luno Launches Venture Capital Firm Arm to Invest in Web3 Startups

Web3 Middleware Protocols

Cryptocurrency company, Luno has launched an early-stage investment arm, Luno Expeditions, to back fintech and crypto or web3 startups across the globe, according to an announcement from TechCrunch. Luno launches investment arm to back over 200 fintech and crypto/web3 startups yearly https://t.co/Jc4jLltUef by @ulonnaya — TechCrunch (@TechCrunch) March 16, 2022 The investment arm will fund between 200-300 startups annually and diversify beyond crypto into the broader fintech space. The fund will invest between $50,000 to $250,000 and dig out between $15 million to $75 million yearly which essentially means an investment between $50 million to $300 million range will be committed when looking at typical investment periods of funds of around three-four years. CEO Jocelyn Cheng will spearhead this new project as she leads an all-female team of five. She has prior experience in investing in the startup industry over the last six years as the managing director at Global Innovation Fund, an impact investment VC. “There are very few truly global and very early-stage fintech funds in the world; we see an exciting opportunity here to build one. The reason why it’s not just pure crypto is that over the past few years, as operators scaling some of the largest crypto businesses in the world, we have noticed that there is such a strong intersection between some of the traditional fintechs and crypto,” said Cheng. Venture Capital Firms Bullish on Crypto Companies Earlier last year, leading venture capital firms such as Paradigm and Andreessen Horowitz have launched crypto funds upto $2.2 billion and $3 billion respectively. Additionally, there have been more crypto funds from Hack VC, Electric Capital, Crypto.com, and Inflection, all launched within the last three months. Luno Expeditions has already invested in 20 crypto and fintech companies such as Nala, a Tanzanian remittance solution; Oraan, a digital bank for Pakistani women; Notabene, a crypto compliance solution in Israel. Others include African crypto exchange platform Busha and fintechs Stitch and Root.

The post Luno Launches Venture Capital Firm Arm to Invest in Web3 Startups appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto Custodian Hex Trust Raises $88M in Latest Series B Funding

Fries DAO Has Raised $5.4M to Buy Fast Food Restaurants

Hong-Kong-based institutional custody service Hex Trust has raised $88 million in a Series B funding round co-led by Animoca Brands and Liberty City Ventures. The round includes both primary capital of $61 million and secondary investment of $27 million. In addition to Animoca Brands and Liberty City Ventures, other investors to participate in the round included Ripple, Terra, BlockFi, CoinList, Wintermute, Morgan Creek, Sino Global Capital, Primavera Venture Partners among others. Prior backers, including Kenetic Capital, HashKey Capital, and Fenbushi Capital, also joined the round. With the fresh funds, Hex Trust now looks towards expanding in the Middle East and Europe in addition to scaling its current team of 100 people to around 160 by the end of this year. Series B featured in @Bloomberg "#Blockchain will become the new infrastructure of the #financialmarkets, which requires institutional players providing infrastructure for institutional investors.”https://t.co/f50XWnK8aX — Hex Trust (@Hex_Trust) March 16, 2022   The latest Series B round brings Hex Trust’s total funding valuation to date to over $100 million. The company didn’t provide a specific valuation with this round but said it’s “10 times more” than the valuation at the time of its Series A round, which was $30 million which translates to at least a $300 million valuation currently. Licensed Crypto Firm in Singapore and Hong Kong Founded in 2018, Hex Trust offers crypto custody, staking, brokerage, and financing services to institutional clients with its licenses in Hong Kong and Singapore. The company has a capital markets services license from the Monetary Authority of Singapore and is registered as a trusted company in Hong Kong. Over the past year, Hex Trust has worked on blockchain projects like Algorand, Terra, Tezos, and Celo, as well as institutions like the UnionBank of the Philippines.

The post Crypto Custodian Hex Trust Raises $88M in Latest Series B Funding appeared first on Cryptoknowmics-Crypto News and Media Platform.

Cosmos Deep-Dive: The Internet of Blockchains

Cosmos Deep-Dive

Cosmos is a permissionless decentralized network of interoperable and independent blockchains that exchange tokens and information. Cosmos was established in order to overcome some of the problems that modern blockchains have. Scalability, governance, and usability are among these concerns. Blockchains can be separated into three conceptual layers from architecture:  Application layer: It updates the state of blockchain based on the execution of transactions.  Networking Layer: It is in charge of ensuring that transactions and consensus-related messages are propagated.  Consensus Layer: It allows nodes to agree on the system’s present state. The Cosmos is a decentralized network of autonomous, scalable, and interoperable blockchains powered by the Tendermint Core Byzantine Fault-Tolerant (BFT) consensus algorithm. Cosmos is all about the multi-chain world, seamlessly communicating data and tokens between numerous sovereign blockchains. This establishes a collaborative ecosystem because no project or blockchain in the ecosystem exists to compete with others; instead, Cosmos connects them all.  Features of Cosmos: Tendermint Core Cosmos SDK IBC Tendermint Core Tendermint BFT combines a blockchain’s networking layer and consensus layer into a generic engine, allowing developers to focus on the development of the application layer rather than the complicated underlying protocol. Tendermint saves hundreds of hours of development time as a result. Tendermint is also the name of the byzantine fault-tolerant consensus method employed by the Tendermint BFT engine. The Application Blockchain Interface connects the application layer of blockchains with the Tendermint BFT engine through a socket. Any programming language of your choice can be used to wrap the protocol, allowing developers to use whatever language best suits their needs. Cosmos SDK The Cosmos-SDK is an open-source framework for creating multi-asset public Proof-of-Stake (PoS) and Proof-of-Authority (PoA) blockchains, such as the Cosmos Hub. Application-specific blockchains are blockchains that have been created using the Cosmos SDK. The Cosmos SDK’s purpose is to simplify developers to build unique blockchains from the ground up that can natively interact with existing blockchains. IBC It’s a protocol that enables different blockchains to communicate with one another. Considering the legalities and constraints that needed to be met to make this communication process a reality was hard. IBC makes it easy to transfer tokens and other data in a trusted and frictionless manner. It opens up a world of possibilities allowing for interoperability and value transfer, without facing the scaling issues which can be seen today in many blockchains. How does IBC work? The logic behind IBC is very simple. Let us suppose, there is an account on chain X, and it wants to send 20 tokens (for eg. ATOM) to chain Y.  Tracking Chain Y receives the headers of chain X continuously and vice versa. This allows every chain to have the track record of the validator set of every other blockchain. For this purpose, each chain runs a light-client of the other. Proof Relay Proof that 20 ATOM tokens are bonded is sent from chain X to chain Y. Validation  The proof sent to chain Y is verified against chain X’s header and if the proof is found valid, then 20 ATOM vouchers are created on chain Y. Keep in mind that, ATOM tokens created on chain Y are not real, because real ATOM tokens still exist on chain X. Tokens present on chain Y are just a representation of ATOM on chain X, along with proof that these ATOM tokens are frozen on chain X. A similar process is followed to unlock the tokens when they return to their origin chain.  Tokenomics Use Cases of ATOM Token ATOM can be used in three ways: as a spam-prevention system, staking tokens, and voting method in governance.  ATOM is used to pay fees as a spam prevention method. Similar to Ethereum’s idea of gas, the fee might be proportionate to the amount of computation required by the transaction. Taking fees is necessary so that malicious actors don’t misuse the blockchain. ATOM can be staked to obtain tokens as rewards. The quantity of ATOM staked determines the Cosmos Hub’s economic security. The more collateralized ATOM there are, the more skin is at stake and the cost of attacking the network rises. As a result, the more ATOM are staked, the better will be the economic security, Governance: ATOM holders can also govern the Cosmos Hub by voting on proposals with their staked ATOM. Initial Token Distribution of Cosmos(ATOM) The Interchain Foundation held multiple private investment rounds, and a public fundraising event on April 6, 2017.  According to the Interchain Foundation, private Contributors, Public Contributors, All in Bits Inc (AiB), and the Interchain Foundation were the recipients of these newly created ATOMs.  In exchange for a $1,329,472.3 donation, strategic and early adopters received 7.1 percent of the first supply or 16,856,718.97 ATOMs. In exchange for $300,000, the seed contributors received 5% of the initial supply or 11,809,947.91 … Continued

The post Cosmos Deep-Dive: The Internet of Blockchains appeared first on Cryptoknowmics-Crypto News and Media Platform.

Illuvium (ILV) Prices under Strong Selling Pressure, Recovery Possibly above $470

Illuvium

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.

The post Illuvium (ILV) Prices under Strong Selling Pressure, Recovery Possibly above $470 appeared first on Cryptoknowmics-Crypto News and Media Platform.

DASH Technical Analysis: The Last Fall Wave Is Possible

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.

The post DASH Technical Analysis: The Last Fall Wave Is Possible appeared first on Cryptoknowmics-Crypto News and Media Platform.

NEAR Prices Drop 6% after a Double Top, NEARUSDT Finding Support at $9.5

NEAR Technical Analysis

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.

The post NEAR Prices Drop 6% after a Double Top, NEARUSDT Finding Support at $9.5 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Central Bank of Bahrain Grants Binance The First License for a Global Crypto-Asset Provider

Central Bank of Bahrain Binance

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.  

The post Central Bank of Bahrain Grants Binance The First License for a Global Crypto-Asset Provider appeared first on Cryptoknowmics-Crypto News and Media Platform.

LUNA Technical Analysis: Rounding Bottom Hints $100 Breakout

LUNA Technical Analysis

LUNA coin price forms a rounding bottom pattern with the neckline at the psychological barrier of $100. Will the bulls surpass the neckline? Key technical points: LUNA price approaches the $90 mark. The altcoin shows a bullish reversal from $85.  The 24-hour trading volume of Terra is $2.79 Billion, marking a 35% rise.  Past Performance of LUNA LUNA coin price finds demand near the support confluence of the 200-day EMA and the psychological support of the $50 mark. The reversal helps with the rounding bottom pattern formation with the neckline at $100. The rising trend momentum with the 95% jump in the last three weeks increases the chances of the $100 breakout.  Source-Tradingview LUNA Technical Analysis  LUNA coin price has once failed to rise above the neckline of the rounding bottom pattern; however, the continuing rally proposes another breakout attempt.  The constant support from the 50-day EMA after avoiding the death cross promotes the higher low formation with the increasing possibility of rounding bottom breakout. However, on the opposite end, a retracement to the 50-day EMA could account for a 15% discount.  RSI Indicator: The RSI slope shows a wavering long-range movement near the overbought boundary while showing a slightly bearish downfall. However, the string spikes with a silent bearish divergence as the price form a higher low, but the RSI fails to copy that.  MACD Indicator: The MACD and signal give a bearish crossover, indicating a possibility of downfall. However, the bullish breakout will undermine this reversal and restart the bullish trend. In short, the Terra technical analysis emits intense bullish energy indicating a breakout rally shortly.  Upcoming Trend  LUNA coin price has the potential to reach the $150 mark with the breakout of $100 and the rounding bottom pattern. However, a retracement below the $85 mark will nullify the bullish thesis.  Support Levels: $85 and $75 Resistance Levels: $100 and $125

The post LUNA Technical Analysis: Rounding Bottom Hints $100 Breakout appeared first on Cryptoknowmics-Crypto News and Media Platform.

Binance Coin Price Prediction 2022-2026-Will BNB Price Hit $600 by the end of 2022?

Binance

Binance Coin (BNB) is the native token of the Binance blockchain. The Binance blockchain allows developers and project owners to create decentralized applications (dApps) on it. Most of the dApps that are developed in the Binance blockchain are hosted as BEP20 tokens which are in their thousands. Presently, transactions in the tokens are carried out by using ether in buying the fees in the form of BNB which is one of the cheapest in the industry. Also, recent projects are hosted on Binance Smart Chain (BSC). What is Binance Coin (BNB)? Binance Coin is a cryptocurrency that was founded by Binance exchange CEO Changpeng Zhao in 2017. BNB was formerly hosted on the Ethereum blockchain during its launch before the migration to Binance Smart Chain in September 2020 after the launch. It raised $15 million through its public sale of 100 million BNB out of its total supply of 200 million at an initial coin offering price of $0.15. BNB investors used Bitcoin and Ethereum to purchase the token during the launch. Binance Coin (BNB) has been community-driven following the ease to build and launch tokens on Binance Smart Chain. This has enabled it to attain an all-time high price of $690.93 on May 10th, 2021 during the bullish run of some of the top 50 cryptocurrencies. The early investors who purchased BNB during its ICO are presently having a return on investment worth over $3800 per $1. Let’s see the Binance Coin price analysis for the coming years. Price Analysis of Binance Coin Flashback: Fundamental Analysis of Binance Coin Fundamental analysis has to do with ways through which news and announcements can affect the price of an asset. In the Binance crypto and exchange community, there is news that has increased the positive sentiments that investors have for it in the long term. In recent news, it was announced that Binance Smart Chain and Binance Coin would now be called “Build and Build” which denotes a better symbol for BNB and will help users who wish to create tokens that they are committed to the success of the blockchain irrespective of stiff competition they face from other competitors in the industry. When more projects are launched on the Binance blockchain, the price of BNB will continue to rise as a result of more demand to carry out transactions in the platform with it. Also, there was a release that the Binance Accelerated Burn Program has enabled it to keep burning a certain quantity of BNB every quarter depending on the total blocks produced and the gas fees released, which will be replaced with the BNB auto-burn mechanism. This will ensure a hitch-free process that can be independently verified until 50% (100 BNB) of its total supply had been burned. Now, we shall use charts to discuss the price analysis of Binance Coin (Build and Build). https://www.tradingview.com/x/kQDJkz6f/ From the link above, the relative strength index (RSI) value of Binance Coin is 48.03 which means that the present trend is weak or neutral since it lies between 30 and 50. More buyer pressure might increase the price since it is currently bullish. https://www.tradingview.com/x/MdpAiudS/ The link above represents a 1day chart of BNB/USDT using the Keltner channel that helps to know the direction of a trend. Since the present candlestick is within the middle part of the curve though bullish, the price of BNB might consolidate further before taking a direction depending on the activities of buyers or sellers. https://www.tradingview.com/x/64YrwekL/ BNB might witness a period of downtrend soon since the yellow curve in the EMA Ribbon link above is above the recently formed candlesticks. Binance Coin Price Prediction 2022 By the end of the first quarter of 2022, the price of BNB might reach $390. However, it will be within the range of $340 and $410 by the end of the second quarter of 2022. By the end of the third and fourth quarters of the year 2022, BNB prices will be within $395 to $500 and $410 to $600 respectively. Binance Coin Price Prediction 2023 The price of BNB might reach $700 by the end of the first quarter and $800 by the end of the second quarter. In the third and fourth quarters of 2023, Binance Coin prices drop to $600 and then rise to $900 respectively. Binance Coin Price Prediction 2024 The price of BNB might reach $1000 by the end of the first quarter and $1200 by the end of the second quarter. In the third and fourth quarters of 2024, BNB prices might be $1600 and $1900 respectively. Binance Coin Price Prediction 2025 The price of Binance Coin might reach $1800 by the end of the first quarter and $2000 by the end of the second quarter. In the third and fourth quarters of 2025, BNB prices … Continued

The post Binance Coin Price Prediction 2022-2026-Will BNB Price Hit $600 by the end of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Latest Intelligence

spot_img
spot_img
spot_img

Chat with us

Hi there! How can I help you?