Generative Data Intelligence

Tag: Stacks

Will Ethereum Flip Bitcoin in 2022?

There has been a fierce battle raging for years between Bitcoin enthusiasts and Ethereum enthusiasts on which coin will ultimately be the largest coin by market cap. That title has always been held by Bitcoin which has had the highest market capitalization over any other cryptocurrency by a large margin, though Ethereum has been gaining […]

The post Will Ethereum Flip Bitcoin in 2022? appeared first on Coin Bureau.

STX Technical Analysis: Growing Consolidation Within EMAs Teases A Bull Run: Is It Too Soon To Buy?

STX Technical Analysis

STX coin price action forms a consolidation range between the 100 and 50-day EMAs. Will the recovery help in the bullish breakout? Stacks is a layer-1 blockchain technology that is designed to enable smart contracts as well as Decentralized Applications (DApps) to Bitcoin (BTC). These smart contracts are added to Bitcoin without altering any of the characteristics that make Bitcoin so effective such as its security and stability. It is powered by Stacks token (STX) that is used to fuel an execution process for smart contracts processing transactions, and also for creating new digital assets to the Stacks 2.0 blockchain. Let us move ahead to read about Stacks technical analysis. Past Performance of STX The STX coin price action shows a growth of 10% in the past week despite the bloodbath in the crypto market. However, the growth comes after a 20% fall from $2.40 to $1.85. The coin price shows a sideways movement for the past few days, but the presence of lower price rejection is clearly visible. That is why a stronger bullish side is seen. STX/USD Daily Chart STX Technical Analysis The STX coin price hints at a morning star pattern formation in the daily chart with substantially lower price rejection. Therefore, the possibility of a price jump by the day’s end is increasing.  Crucial EMAs (50, 100, and 200) maintain a sideways trend in a bullish alignment in the daily chart. Moreover, the range formation between the 100 and 50-days EMA will shortly provide a breakout entry opportunity. The RSI indicator at 48% indicates the slope struggling to surpass the central mark in the daily chart. Moreover, the slope struggles to surpass the 14-day SMA as well. The MACD indicator shows the bearish histograms maintain a trend in the daily chart. However, the slight reversal in the fast line increases the chances of a bullish crossover. Therefore, the technical analysis shows the bullish powers struggling to take back the trend control.   Upcoming Trend The sideways momentum in the STX coin price maintains a consolidation range in motion. However, the lower price rejection indicates a high possibility of a bullish breakout. The price action suggests upcoming resistance levels at $2.40 and $2.60 above the 50-day EMA. And, the support levels are at $1.85 and $1.65, below the 100-day EMA. At press time, the sentiments chart remains “NEUTRAL” on the STX coin.

The post STX Technical Analysis: Growing Consolidation Within EMAs Teases A Bull Run: Is It Too Soon To Buy? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Stacks ecosystem becomes #1 Web3 project on Bitcoin

There were also 140,000 NFTs minted on the Stacks blockchain during its inaugural year.

Hosting virtual events for developers pt.2: Structure, slide decks, and event flow

Get hands on guidance on how to structure your developer talk, create great slide decks, and host engaging developer online events.

Avalanche Jumps 17% After Integration With USDC Stablecoin

Avalanche (AVAX) saw a bump in price after internet finance firm Circle announced it was launching native support for its USDC stablecoin on the smart contract platform. USDC is the second most widely used stablecoin in the world after Tether (USDT), boasting a market cap of over $41.8 billion. AVAX rallied as much as 18% […]

The post Avalanche Jumps 17% After Integration With USDC Stablecoin appeared first on Coin Bureau.

Hosting virtual events for developers pt.1: Audience, topic, event title, & event description

Successful developer virtual events take planning. Gain insights on identifying the right audience and topic, and nailing your event title and description.

Top 10 Crypto Research Tools: Where To Do Your Own Research?

“Do your own research”. These words (or the initialism DYOR) have been heard more than once especially if you watch the Coin Bureau YouTube channel. That’s because when investing in something it’s best the decision comes from you, made on the basis of information you’ve found while doing your research. Relying solely on a third-party […]

The post Top 10 Crypto Research Tools: Where To Do Your Own Research? appeared first on Coin Bureau.

Glassnode Looks at causes for Recent Bitcoin Crash

In their latest report, crypto analytics firm Glassnode says that Bitcoin’s recent market meltdown was driven by a cascade of overleveraged traders getting liquidated, and that newer market entrants bore the brunt of the pain. The firm takes a look at the behavior of both long-term holders (LTHs) and shot-term holders (LTHs) during the market […]

The post Glassnode Looks at causes for Recent Bitcoin Crash appeared first on Coin Bureau.

How To Improve Your Programming Skills As Developers and Non-Developers

Find out the best ways for you to improve your programming skills regardless of whether you’re a developer, designer, or a marketing specialist!

Review of Rivals of Aether In 2021 🤜 Is It Still Worth It?

  What are Rivals of Aethers? Why everyone has been talking about it? Is it better and funnier than Super Smash Bros.? Keep reading. We’ll answer these questions down below.    RoA Review: What Is Rivals of Aether? Is It Worth It In 2021? Rivals of Aether is a 16-bit platform fighting game based on […]

The post Review of Rivals of Aether In 2021 🤜 Is It Still Worth It? appeared first on Gamer One.

Anti-spam Solution | Benefits of Comodo Dome Anti-spam

Reading Time: 2 minutesIn today’s digital era, Email and Web have become the most common form of business communications. Emails have a...

Latest Intelligence

spot_img
spot_img
spot_img

Chat with us

Hi there! How can I help you?