One altcoin that seeks to leverage the power of Bitcoin (BTC) is enjoying bullish price action after getting sudden support from Coinbase, the top crypto exchange in the US. In a new announcement, Coinbase says trading for Stacks (STX) will begin on Wednesday, January 19th if liquidity conditions are met. Stacks is an open-source blockchain […]

The post Bitcoin-Integrated Altcoin Spikes After Earning Surprise Support From Coinbase appeared first on The Daily Hodl.

January 18, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ OpenSea hit $3.5 billion in ETH sales volume for January,[...]

The post OHMG 😱 OHM Down 91% From ATH 📉 appeared first on Unchained Podcast.

After years of waiting, Dogecoin can now be purchased on a decentralised exchange following a successful listing by THORchain.

ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt.  The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.

Four lessons learned in 2021 speak to the universal truths about Bitcoin and why our world needs it.

A scalable, trustless, and decentralized lending protocol called ADALend is being developed to allow users to operate in a self-governed environment. They made a commitment from the beginning to build natively on the Cardano blockchain, which will allow the lending platform to aggregate protocols that support business models that provide economic support to billions of […]

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.

Long time crypto supporter and Bitcoin bull Max Keiser is predicting that BTC will reach $220,000 before the end of the year. Speaking in a recent interview with Stansberry Research’s Daniela Cambone, Keiser gave the reasoning for his bullish price prediction, including a justification for why Bitcoin failed to reach six-figures in 2021.  Keiser argued […]

Key Takeaways The OHM token price fell from $186.61 to $104.60 Monday morning, but has since recovered slightly. The token is now trading...

David Schwartz, Ripple’s chief technology officer, has stated that banning Bitcoin or proof-of-work algorithm or branding Ethereum security could be “disastrous” for Ripple. This is comically absurd. Either of those two things would be disastrous for @Ripple. https://t.co/7iebCt66Hl — 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) January 16, 2022 He said so while responding to a theory by Castle […]

The growth of bitcoin adoption in Ukraine offers a template for other countries where people seek dependable stores of value.

Bitcoin bear markets can be brutal. Don’t try to predict the next one — rather, be prepared for it!