Author: Crypto News Live
Introduction This report provides a comprehensive analysis of Cardano (ADA) based on the latest data as of 20 June 2023. The analysis includes a review of the current price, technical indicators, and moving averages. Price and Volume Overview As of 7:51 a.m. UTC on 20 June 2023, Cardano (ADA) is trading at $0.2588, down by $0.0012 (-0.46%) as per the latest real-time data. The volume stands at 80,154,750 ADA. The bid and ask prices are $0.2588 and $0.2589, respectively, with the day’s range between $0.2571 and $0.2648. Technical Indicators Technical indicators are statistical tools used by traders and investors to…
An investor who correctly called the 2022 crypto bottom says the markets are likely gearing up to follow in the footsteps of a bullish stock market. Chris Burniske, a partner at the venture capital firm Placeholder, tells his 261,600 Twitter followers that crypto often rallies when the Nasdaq 100 index (NDX) takes a breather. The investor cites data from Glassnode founders Jan Happel and Yann Allemann who note that since 2019, Bitcoin (BTC) has rallied big several times after the NDX cooled off. Says Burniske, “An interesting observation that crypto often runs after NDX stalls – rotation into higher risk.” …
BNB Chain released its Ethereum Virtual Machine (EVM) compatible layer 2 chain opBNB. BNB’s price action was sluggish, and metrics suggested that the trend might continue. BNB Chain [BNB] has witnessed a decline in its daily active addresses and transactions over the last few weeks. The decline reflected less usage and adoption of the blockchain. However, BNB Chain has made efforts to overcome the limitations of the layer-1 network with its latest launch. As blockchain technology continues to evolve, scalability remains a critical challenge. But fear not! Enter opBNB, a game-changing Layer 2 scaling solution designed to overcome the limitations…
TL;DROn crypto Twitter, ZachXBT plays the role of ‘friendly neighborhood spider-sleuth,’ uncovering scams and fraud in the crypto space.Over the weekend, news broke that ZachXBT is being sued for defamation by MachiBigBrother, after Zach alleged Machi embezzled tens of millions of dollars.Since then, the crypto industry has rallied around ZachXBT, donating $1M+ to Zach’s legal funds in just a few days.Now, here’s where things get a little dark…Since the public filing, someone has already tried to extort him for $100k, threatening to steal the identities of his family and nuke their credit scores.While others are offering $$$ for someone to…
In the midst of a rebounding crypto market, renowned trader Capo has emerged as a prominent bear, revealing his price predictions for three leading altcoins: Binance Coin (BNB), Ethereum (ETH), and Polygon (MATIC). With a large following on Telegram, Capo’s bearish outlook has drawn attention, as he anticipates substantial declines for these digital assets despite recent market trends.Binance Coin (BNB): Targeting an 83% Drop to $40Capo’s analysis shines a spotlight on Binance Coin (BNB), suggesting a worrisome future for the token. He projects a main price target of around $40, reflecting a significant 83% decrease from its current value. He…
The CEO of Animoca Brands, Robby Yung, has shared his expectations for the future of Web3 gaming, predicting the launch of more triple-A console-style games in the coming years. Yung believes that the Web3 gaming space, which is currently dominated by play-to-earn and casual gaming titles, will witness a shift towards high-quality, immersive gaming experiences. He cites games like Life Beyond, Devourers, and Phantom Galaxies as current examples of this evolving category.The Rise of Triple-A Console-Style Games in Web3According to Yung, the Web3 gaming landscape is set to expand beyond its current focus on play-to-earn and casual titles. Yung expects…
Cardano’s (ADA) bear market likely has a ways to go before bottoming out, according to closely followed crypto analyst Benjamin Cowen. In a new strategy session, Cowen says that based on past market cycles, ADA may need the rest of 2023 to find a bottom. Cowen also thinks that ADA/BTC is also worth keeping an eye on, and says that the pair reaching approximately the 0.000004 BTC ($0.11) level could signal a bottom for the smart contract protocol. “We know we’ve just put in a new low. Again, based on the [last cycle], we know that it can last for…
Tether’s transaction volume surged to the highest level in three months. USDT reclaimed peg as exchange netflow spiked. In the past week, Tether [USDT] experienced a turbulent event that caused it to deviate from its pegged value. However, according to the latest data, regular transactions appear to have regained their stability, as the stablecoin achieved an all-time high. USDT sees more volume In a recent report by Glassnode Alert on 19 June, USDT made a remarkable milestone by achieving a record-breaking transaction volume. According to the accompanying chart, the average transaction volume peaked at approximately 50,975 USDT. This level marked…
Startup Improbable has announced the launch of MSquared, a powerful creation suite designed for building interoperable online worlds. Developed on the technology behind the highly anticipated metaverse game, Otherside, MSquared aims to transform the metaverse landscape with its network, tech stack, and metaverse markup language (MML).Unleashing the Power of MSquared: Improbable’s MSquared is more than just a creation engine; it is part of a grand vision to create a network of interconnected metaverses. CEO Herman Narula describes it as a “stupidly ambitious project” that will transform how people experience and interact with online worlds. To encourage widespread adoption and innovation, Improbable…
TL;DRLast week a bunch of NFT art seized in the Three Arrows Capital (3AC) collapse went up for auction at Sotheby’s – racking up $10M+ in sales!Which lead to the likes of Beeple and Punk6529 having some fun with it on Twitter.Full Story”I wasn’t asleep, I was just resting my eyes” – Dads The NFT Space.If you’ve been looking for signs of life in the NFT space, we’ve got one for you…Last week a bunch of NFT art seized in the Three Arrows Capital (3AC) collapse went up for auction at Sotheby’s – racking up $10M+ in sales!A moment that…
