Trading

Flow (FLOW), Neo (NEO) Drop Again as Chronoly (CRNO) Extend Upside

Flow (FLOW), Neo (NEO) Drop Again as Chronoly (CRNO) Extend Upside

Neo, Flow, and Chronoly.io projects joined the cryptocurrency marketplace with new concepts. FLOW and NEO concentrate on creating a network for developers to build dApps, while CRNO wants to enhance the watch NFT market. Meanwhile, CRNO has gained 560% in three months of pre-sale as NEO and FLOW. Let us check what it takes to overcome negative sentiments (according to these projects). Will NEO Try Recovery Again? Neo is among the alts that received support from the cryptocurrency community regardless of pessimistic market sentiment. The altcoin launched upside when the overall market attempted revivals. Nevertheless, NEO couldn't sustain the upside,…
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Can Monero (XMR) Maintain Upside Amid Recovering Market Sentiment?

Can Monero (XMR) Maintain Upside Amid Recovering Market Sentiment?

Monero can be one of the lucrative cryptos for investors interested in riding recovery waves following the crypto crash of May. The alternative token recorded an impressive jump as most assets struggled to rebound. Furthermore, XMR maintains an attractive stance for this week, as some upticks allowed it to retrain the latest gains. Monero surged nearly 75% from the May 12 local low. The remarkable upside move seems to have seen hindrance at 0.236 FIB line, peaking near $208. The resistance led to a brief correction as the previous week ended. Fortunately, bulls stepped up during the past weekend, triggering…
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Cardano (ADA) Reclaims $0.513 Following Sudden Bullish Move – Price Analysis

Cardano (ADA) Reclaims $0.513 Following Sudden Bullish Move – Price Analysis

Cardano price reflects uptrends. ADA resistance sits at $0.540. Steady support stands at $0.463. Cardano's price outlook reveals an upside trajectory for the altcoin. Though ADA encountered bearish hindrances earlier, the past 24 hours saw bulls pushing to token beyond $0.484 to explore price levels above $0.513. Meanwhile, the green candle continuation reveals ADA has increased within the past 72 hours. Hourly price projections affirm similar trends as ADA/USD explored upside actions within the previous four hours. 1Day Timeframe – 11.82% Gain Pushes ADA Beyond $0.513 Cardano's 1-day chart presents encouraging news for crypto buyers, with ADA prices surging remarkably…
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Bitcoin (BTC) Explores sub-$29K Despite NASDAQ Rally

Bitcoin (BTC) Explores sub-$29K Despite NASDAQ Rally

Bitcoin reversed on Monday as regulatory reforms dented market sentiment. The declines emerged even as NASDAQ 100 recorded a rally. Bitcoin stretched the previous week's 3.30% drop with yesterday's 3.93% drop, ending the day near $29,076. The bearish reaction emerged regardless of NASDAQ 100 gaining 1.59%, with crypto space anxiety amidst possible regulatory landscape shift. BTC indicators display red as the token stayed under50-dayEMA. Bitcoin lost 3.39% yesterday to reverse Sunday's 2.9% increase, ending the day near $29,076. Meanwhile, NASDAQ 100 recovered from its red to end the day in a positive region. BTC dip buyers could not offer support…
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Polygon (MATIC): Bulls Ready to Battle $2.5 ATH Resistance

Polygon (MATIC): Bulls Ready to Battle $2.5 ATH Resistance

The Polygon chart displays steady technical upsurges with new higher lows and highs. The previous 24hrs saw the alt gaining 10% and tried to break past an all-time high resistance level at $2.5. MATIC will witness a massive bullish rally if it reclaims this zone. Vital Technical Points 100-day exponential moving average (EMA) offers reliable dynamic support for MATIC's price. The daily RSI actions struggle to match the bullish price push. Polygon's 24hr trading volume gained 43.1% to $3.05 Billion. Polygon has resonated in a climbing parallel channel formation. The increasing bullish action by the alt has pushed the pattern's…
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Famed Auction House Christie’s Hit 9 Figures In NFT Sales In 2021

Famed Auction House Christie’s Hit 9 Figures In NFT Sales In 2021

Christie's has declared their expected earnings of over $7 billion this year. The figure is the auction house's third-highest yearly total. Notably, $150 million of this revenue came from the sale of NFTs. NFTs were only incorporated this year as a category at Christie's.  Rejuvenation In Auction Business  The revenue stream though was still largely created by traditional art. Christie's also auctioned off the most expensive art this year, a Picasso that sold for over $100 million in the summer. Only Sotheby did better in revenue this year with a $200 million difference. This year's figure takes a jump from…
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First Swiss Digital Asset Custody Creates Token Backed By Gold

First Swiss Digital Asset Custody Creates Token Backed By Gold

SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been an essential commodity in financial markets, citing the commodity’s impressive market cap, which lies in trillions of dollars. Buehler revealed that gold had proven to be a trusted shield against inflation as well as a significant investment to protect capital. The Concept And Potential Benefits Today, the firm launched the digital token, regulated and tied to real gold. The bank disclosed that users could exchange the digital token…
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USDC Incorporated On Avalanche

USDC Incorporated On Avalanche

Financial services and blockchain company, Circle, is creating a version of its stablecoin USDC for the Avalanche blockchain. Incorporating the USDC token is supposed to be done on the Avalanche C-Chain. The token support was announced today and will allow users conduct all types of USDC transactions on the network without interacting with the Ethereum blockchain.  USDC’s Growth And Adoption USDC has a current supply of over $40 billion in tokens. It has grown the most in its category; it also has a pool second only to USDT. Currently, it is the most widely used stablecoin on Avalanche. Over a…
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