Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In the near-term, Bitcoin seemed to near a level of resistance at $40.6k. In fact, even the region from $38.9k-$39.2k has been a place where sellers have been strong in the past week. It is […]

The New Year has been a tough start for many in the crypto space, and perhaps none are struggling more than the intrepid ranks of Dogecoin holders in the face of a near-300 day low.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Axie Infinity, the blockchain-based monster battle NFT game, soared in popularity in 2021. Its token, Axie Infinity Shard (AXS), also registered massive gains over the past year. However, like many altcoins before it, AXS faced […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since striking its ATH on 10 November, the king alt has been on a steep downtrend in the last 11 weeks. The descent saw a clash between the buyers and sellers at the $4,000-mark Point of […]

Crypto mining has been an environmental  issue that cant be over looked; World governments have tried to put a lid on it but still have an uphill battle as the popularity of crypto grows. Will crypto be mining be able to last if the technology still impacts the earth on high levels ? Or will it mold with the time and adapt with the land before governments continue to attack Crypto currency. Related Reading |Elevate Brands Offering Bitcoin Payouts on Coinbase Prime Crypto War With  Mining …   China has been in the for front of crypto bans and the war between the two parties only grows and gets more harsh. China slapped a ban on Bitcoin (BTC) mining, trading and crypto services,The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. A-lot speculation on other to follow such as turkey and India but one thing we know is china is a huge influencer impact on the way some countries operate to have them ban this is only going to inspire more to follow. The problem with crypto mining is the carbon footprint it leaves on this planet and how it impacting the natural resources we have left.Currently, less than one-third of global electric power is sourced from renewables. If this share went fully toward cryptocurrency mining, perhaps it could lend it a semblance of sustainability, but it would be little more than a fig leaf.   BTC: BTC is currently the largest crypto BTC-USD on TradingView.com Grabbing At The Gold… After chinas ban it didn’t take long for the US to become one of the leaders in crypto mining with Russia and many to follow, This could stem from each countries hunger to become the world leader and first on the crypto train. The United States sprung at the opportunity created by the Chinese ban to become the world’s new mining hub. In Asia, Kazakhstan and Malaysia are ramping up mining operations, as are Germany and Ireland in Europe and Iran in the Middle East, according to recent stats. The effort to keep crypto mining chugging along is making for some very strange geopolitical bedfellows. Bitcoin was revolutionary when it came out in 2008. It paved the way to a new digital economy. Proof-of-work was a revelation in terms of decentralization and security, but its lack of efficiency presented us with a ticking time bomb. This bomb is going off now.   Finding a way to switch out the source and technology used to mine will help it stay alive we are watching and prolonging a demise that has been heaping for a while due to how aware and bug climate change is and the popularity and growth of crypto. Yes the United States is going hard but how long and when will they stop using coins like Bitcoin and look into more energy friendly  projects; we cant assure anything but only look at what’s happening around us as crypto gets big so will the demand and need that will keep mining going but also at war until a new solution is brought up. Related Reading |Cardano Whales Double Holdings In 10 Days. Will This Stop The Onslaught?  

Ranked 32nd by market capitalization, Internet Computer saw its token ICP trading at $20.7 at the time of writing. It appeared to break the market structure in early January, but the intense selling pressure since then has actually seen ICP register a new set of lows at $19.1, just beneath the $20.9 lows in late […]

Axie Infinity (AXS), like most other metaverse and blockchain gaming tokens, has been falling…

The post Axie Infinity (AXS)’s downtrend is stalling – Is a trend reversal coming? appeared first on Coin Journal.

The long-term trend for Cardano has been downward. It broke beneath the $1.91 mark in November and has steadily fallen to the $1.2 level since then. In recent weeks, the price fell as low as $0.91, although it rebounded back above $1.  There was some indication of an incoming bounce for Cardano from the $1 […]

The recent dynamics of Cardano’s (ADA) price follow the general trend observed in the wider crypto market as its price has rapidly declined by 5% during the past 7 days, indicating a serious market correction. While minor holders express their concerns regarding the future of cryptocurrency and its investment potential, large holders (a.k.a whales) continue […]

A week ago the price of Axie Infinity stood at $75. However, even though there was a confluence of support levels right beneath $75 on lower timeframes at that time, the price crashed right through. This was not an isolated incident. The price of AXS has been steadily dropping, at times it has even dropped […]

Bitcoin is a return to sound money after the government overreach that led to the end of the gold standard.

After a massive blood bath for most parts of January. Sandbox (SAND) is starting…

The post The Sandbox (SAND) is rebounding – Here is why you should be cautiously optimistic appeared first on Coin Journal.