Author: Crypto News Live
A widely followed crypto analyst is issuing a warning to investors, saying that a deep correction in the altcoin markets may be on the horizon. In a new video update, prominent crypto strategist Benjamin Cowen tells his 783,000 YouTube subscribers that history is signaling a massive downswing for altcoins. According to Cowen, the Bitcoin dominance (BTC.D) chart currently looks strong and historical data suggests that it will continue to be bullish as Bitcoin (BTC) inches closer to its halving event next year. The Bitcoin dominance index tracks how much of the total crypto market capitalization belongs to Bitcoin. A bullish…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Chainlink’s [LINK] recovery in late May stalled at $6.635, just above its mid-range. After that, sellers took control of the market and extended gains close to the range low of $6.2. The downswing followed Bitcoin’s [BTC] price rejection at $28k. Although the king coin reclaimed $27k at press time, it was yet to flip its higher timeframe market structure into bullish. Will sellers regain control? Source: LINK/USDT on TradingView LINK has been trading in a range since 8 May,…
Blockchain Quarter, the first fractional equity home funding program in the US, announced the tokenization of a $740,000 home on the TOKO network. Powered by Hedera Hashgraph (DLT) distributed ledger technology, this venture marks a significant leap forward in the use of blockchain to democratize finance. According to the reports, the transaction included the tokenization of equity into digital assets, allowing third-party investors to provide 97% of the purchased capital. This facility was an innovative replacement for the traditional mortgage, providing a new form of liquidity and asset ownership. In addition, the DLT structure provided transparency, immutability and trust in…
NFT The well-known payment platform has recently begun a collaboration with the giant Mastercard to enhance its reach to numerous more users. The platform has disclosed that its latest partnership with Mastercard comprises support for the collaborating payment giant. The latest project introduced by Alchemy Pay is Alchemy Pay NFT Checkout. Currently, it is available for consumers across the globe with Mastercard support. Alchemy Pay Supports Mastercard to Increase User Base This project permits the customers to utilize the payment method of Mastercard to leverage the direct buyouts of digital artworks through the NFT Checkout function of Alchemy Pay. With…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The price action of Ethereum has been encouraging over the past few days. The bulls forced a breakout past the range highs and defended this zone as support on a retest. However, the trading volume has been in decline. On-chain metrics pointed toward a high profit-taking ratio even after a meek upward move. Hence, even though the indicators showed bullish momentum, it was not a straightforward path to victory for the bulls. Bearish block flipped to demand zone with…
Ethereum on exchanges hits a five-year low. The number of ETH holders grows steadily as the price hovers around $1,900. New data indicated a dwindling influx of Ethereum onto exchanges in the past few weeks. The most recent chart analysis revealed that the current balance of Ethereum on exchanges reached a new nadir, indicating a decline in overall liquidity on these platforms. Ethereum on exchanges decline Glassnode Alerts recently unveiled a chart showcasing the ongoing decline of Ethereum on exchanges. It also showed that each passing day marked a new record low. The latest data from Glassnode indicated that the current…
Blockchain While complete interoperability is the destination that many interoperability proponents want to reach, there are a variety of different technological paths that one can take to get there. These different solutions can vary in their complexity, security, features, and a host of other parameters. Another point of consideration is how — or if — interoperability was incorporated in the initial design of a blockchain protocol, smart contract, or other blockchain-based tool.While some newer blockchains and crypto projects were designed to be interoperable from inception, earlier blockchain protocols often require retrofitted interoperability solutions that can be an ad hoc supplementary…
NFT MAGGI, which is the 130-year-old company, Nestle’s most celebrated brand, has come out and delivered its first lot of digital collectibles in the OneRare Foodverse. In order to carry out the honors pertaining to this exclusive collaboration, OneRare is initiating the introduction of MAGGI Noodles, as well as MAGGI Hot and Sweet Tomato Chilli Sauce and MAGGI Masala-ae-Magic. All connected players will be provided with the opportunity of gathering the three ingredient NFTs belonging to the OneRare Farm. This can further be utilized for building sixteen exquisite MAGGI recipes. Where the Noodles collection is concerned, it makes provision for…
A widely followed crypto trader is predicting bullish price action for XRP as he expects the sixth-largest digital asset to outperform Bitcoin (BTC). Pseudonymous analyst Kaleo tells his 590,000 Twitter followers that he sees a bullish continuation for XRP after successfully retesting its diagonal resistance as support. “XRP/USD low timeframe looks ready for another leg up as well.” Source: Kaleo/Twitter According to Kaleo, XRP could be following in the footsteps of Tron (TRX), which recently rallied from a low of $0.74 to a high of $0.85. “For reference here’s what TRX just did. A similar squeeze could send XRP to…
The cryptocurrency markets are currently experiencing a bearish sentiment, but amidst this downturn, there are some encouraging signs for altcoins, as highlighted by analyst Michael Van de Poppe in a recent YouTube video. In his analysis, Van de Poppe focused on the altcoin market, specifically Ethereum (ETH) and Litecoin (LTC), shedding light on their recent performance and technical indicators.One crucial factor shaping the cryptocurrency markets, according to the analyst, is regulation. Ongoing regulatory discussions, particularly in Hong Kong, present a bullish case for altcoins. When combined with positive indicators such as stock market performance and regulatory developments, the overall market…
