Author: Crypto News Live
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MATIC smashed the $0.7414 support level. Funding rate reversed sharply into negative territory. Polygon [MATIC] descended to new lows, with the price sinking to the July 2022 support level of $0.5274 before temporarily retracing to trade at $0.5466, as of press time. Read Polygon’s [MATIC] Price Prediction 2023-24 The Securities Exchange Commission (SEC) lawsuit continues to loom large over major cryptocurrencies, with MATIC no exception to the bearish effects of the regulatory crackdown. With Bitcoin [BTC] also experiencing a…
NFT This week, Louis Vuitton announced a new collection of physical-backed NFTs linked to exclusive products and experiences. The pricey tokens are soulbound and cannot be sold once purchased. Meanwhile, Apple announced its new Vision Pro headset with a hefty price tag and not a single use of the word metaverse. Plus, NFT lending platforms are on the rise, but who really stands to benefit from this practice? This Week’s Alpha C’est bon, Louis Vuitton: French luxury fashion house Louis Vuitton will soon release a new collection of physical-backed NFTs called Via Treasure Trunks, which will be linked to exclusive…
In recent years, the gaming industry as witnessed a surge in innovative technologies and business models that are redefining the way we play and engage with games. TownStar, a city-building strategy game, stands out as a prime example of this evolution by embracing the play-to-earn model, enabling players to earn real-world income through in-game activities. This article delves into the world of TownStar, discussing its gameplay, mechanics, and potential impact on the gaming industry.BackgroundDeveloped by Gala Games, TownStar was created to empower players and provide them with real-world value through their gaming experiences. The game incorporates blockchain technology, enabling a…
A further drop in ETH’s price could send the DeFi market into another round of liquidation. The DeFi TVL across all chains submerged. Ethereum [ETH] and assets linked to the Decentralized Finance (DeFi) sector are experiencing a wave of uncertainty in the market. Although ETH’s dominance in the smart contract space has been unwavering, liquidation in the crypto market arm reached $11 million. How much are 1,10,100 ETHs worth today? According to Parsec Finance’s data, this liquidation was the highest recorded since 12 May. However, market participants might need to exercise more caution as DefiLlama data shed light on potential…
Introduction This report provides a comprehensive analysis of ADA’s price dynamics on Binance, covering technical indicators, moving averages, pivot points, and more. Price and Volume Snapshot At the time of the report, Cardano (ADA) was priced at $0.2645, experiencing an increase of $0.0211 (+8.67%) compared to the previous period. The snapshot was taken at 05:07:44 UTC, with a trading volume of 572,123,455 units on Binance. Technical Indicators Technical indicators are mathematical calculations based on an asset’s price and volume. They are used to predict future price movements and identify trading opportunities. RSI (14): The Relative Strength Index (RSI) measures the…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. A shorting opportunity could present itself amidst the volatility Bitcoin could encounter next week. Both bulls and bears could get chopped up in a consolidating market in the aftermath of the recent sharp drop. The US Federal Open Market Committee (FOMC) is set to hold a meeting on 13-14 June. According to economists polled by Reuters, the US Federal Reserve will not raise interest rates in June. The Fed Chair Jerome Powell had signaled in May that the central…
Blockchain Ripple Managing Director is optimistic about the transformative power of blockchain in cross-border payments; highlights pain points and solutions. Aaron Sears, Ripple’s Managing Director of the Americas, is optimistic about the transformative power of blockchain and digital asset technology in the financial services industry, particularly in cross-border payments. In an interview with PYMNTS, Sears highlighted the pain points of traditional global payments, including speed, reliability, transparency, and cost issues. However, Sears believes digital assets and blockchain can address these challenges and streamline cross-border payments. .@Ripple on how blockchain and digital assets can free up capital trapped in cross-border treasury…
NFT Neo and advisory firm Degenz.wtf have announced a joint $150,000 sponsorship for Shadow Brother Sunday, the directorial debut of actor Alden Ehrenreich. The short film premieres at the Tribeca Film Festival and will be followed by a charity auction in New York on June 9 featuring physical NFT memorabilia on the Neo blockchain. Shadow Brother Sunday tells the story of a struggling musician who, in a desperate act, returns home to steal his younger brother’s computer on the day of his movie premiere to sell it to the paparazzi. The film represents a new direction for Ehrenreich, known for…
A closely followed crypto strategist says that an Ethereum (ETH)-based altcoin is flashing signs of bullish exhaustion as he details his forecast for Binance Coin (BNB) and Chainlink (LINK). Pseudonymous trader Altcoin Sherpa tells his 195,900 Twitter followers that the recent uptrend of the blockchain-based rendering protocol Render (RNDR) appears to be over for now. According to the crypto strategist, RNDR’s anemic volume over the last few weeks suggests that traders have lost interest in the project running on the Ethereum network. “RNDR: I think this one looks tired, expecting much lower prices. Very few trends are sustainable. Most will…
In a recent development, XRP is edging closer to a crucial resistance level it has been struggling to overcome for over a year. The anticipation of a potential breakout has sparked excitement among traders and analysts, who speculate that a successful breach of this resistance could trigger a substantial price surge known as a ‘parabolic pump.’ Can XRP defy the odds and surge past its year-long resistance for a monumental price rally? Here’s the analyst outlook. XRP’s Year-Long Struggle Below $0.60Renowned crypto influencer and experienced trader, MichaelXBT, recently shared his insights on Twitter, drawing attention to the significance of the upcoming confrontation…
