Author: Crypto News Live

Crypto analyst CryptoCon has revealed a key level to watch out for as Bitcoin attempts to break critical resistance levels. The analyst suggested that a drop to this price level may not be bad for Bitcoin and could instead be necessary for it to finally make that price rally.  $57,938 Is The Price Level To Keep An Eye On CryptoCon mentioned in an X (formerly Twitter) post that $57,938 is the “new price to watch for the 20-week EMA (Exponential Moving Average).” He noted that such a price drop might be necessary, stating that “boredom and sideways price action allow…

The Philippines actively sought bolstered assistance from the Asian Development Bank (ADB) to advance its dual objectives of physical and digital infrastructure development. During the 57th ADB Annual Meeting’s Business Session, Finance Undersecretary Joven Balbosa emphasized the nation’s focus on fostering improved connectivity to amplify infrastructure investments. Empowering small businesses Acknowledging the vital role of micro, small, and medium enterprises (MSMEs) in the country’s economic fabric, the Philippines underscores the necessity for tailored support from the ADB. With MSMEs constituting nearly 99% of the nation’s business sector, there’s an urgent call for initiatives to bolster their capacities, particularly in light…

Building on the success of Lens Protocol, Lens Lab, an entity under Avara, has announced the Lens Network, a blockchain-based network aimed at transforming the future of social media interactions. Developed on the ZK Stack utilizing zkSync technology on Ethereum, the Lens Network is poised to address and overcome the prevalent scalability challenges faced by blockchain technologies. It aims to match conventional social networks’ user experience while retaining web3’s distinctive features, such as user ownership and secure transactions.Per the announcement, the primary goal of the Lens Network is to enable the broad adoption of web3 social functionalities by providing a…

XRP has massively underperformed BTC for a while. XRP hit a key demand zone, but an analyst downplayed a strong bullish reversal for the altcoin.  Ripple [XRP] market participants have been upbeat after revelations that the SEC lawsuit could soon end. The overall market sentiment around XRP was positive, too, in the last week. Some XRP bulls even set conservative targets at $3 at the end of this cycle.  However, Peter Brandt, a classical price chart analyst, downplayed bulls’ optimism, especially when weighing XRP’s performance against Bitcoin [BTC]. Based on the XRP/BTC chart, Brandt noted,  “My comparison is to BTC,…

Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices. Guild of Guardians, allows its players to earn $GOG tokens which are ERC-20 tokens that can be used across the Guild of Guardians ecosystem and universe. Play-to-earn games allow players to convert their rewards into cash. In an announcement, Immutable Games said that its flagship title, Guild of Guardians, has over 1 million pre-registered users. The gaming firm is celebrating its mobile release with the launch of a cinematic launch trailer, followed by a behind-the-scenes look at the making…

TABOO TOKEN Overview TABOO TOKEN Price Change 24h -6.73% TABOO TOKEN Price Change 7d -16.31% TABOO TOKEN Market cap $14,311,051.39 TABOO TOKEN All time high $0.05 TABOO TOKEN All time low $0.00013 TABOO TOKEN Prediction Table 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2040 2050 April $0.0018 $0.0020 $0.0020 May $0.0020 $0.0021 $0.0021 June $0.0020 $0.0021 $0.0022 July $0.0021 $0.0022 $0.0023 August $0.0022 $0.0022 $0.0024 September $0.0022 $0.0023 $0.0025 October $0.0023 $0.0023 $0.0026 November $0.0023 $0.0024 $0.0027 December $0.0024 $0.0025 $0.0028 All Time $0.00214 $0.00223 $0.00240 January $0.00251 $0.00261 $0.00293 February $0.00262 $0.00272 $0.00305 March $0.00273 $0.00283…

Buying momentum on Coinbase decreased, suggesting a further decline for Bitcoin. The negative Sharpe Ratio indicated that BTC might not produce good gains in the short term. Bitcoin [BTC] might experience another downturn, according to signals from the Coinbase Premium Index. This index shows the level of buying pressure among investors in the U.S.— especially as the nation has a high number of Bitcoin holders. High premium values indicate an increase in buying pressure. On the other hand, a low reading of the Coinbase Premium Index suggests a surge in sell-offs. The big players are letting go According to AMBCrypto’s…

zkSync, an L2 protocol offering low-cost and scalable payment solutions on Ethereum, has announced an exclusive development. The platform is introducing the beta version of its node to offer a comparatively streamlined setup procedure as well as decreased hardware requirements. The company took to X to provide the relevant details regarding the new version. 📣 We’re thrilled to announce the release of zkSync Node Beta! 📣We are releasing the Beta version of our Node, which has a much-simplified setup process and lower hardware requirements! The zkSync node is a read replica of the main node that anyone can run.Read more…

TL;DRIn 2021, the $GME mania spilled over into crypto, sparking a run up in memecoins — that same $GME mania has just started again, w/ hopes it’ll hit crypto a 2nd time.Full Story15 and counting.That’s how many memes it took for @TheRoaringKitty (the dude that drove the GameStop stock mania back in 2021) to add $10B to GameStop’s market value, in just two days of trading.It started with this post (also pictured above ☝️), after $GME stock started to rise in after hours trading over the weekend — which was Roaring Kitty’s (aka Keith Gill’s) first post since June 18th,…

Ethereum loses ultrasound money status. Total supply has increased by over 100,000. Ethereum [ETH] has transitioned from being labeled “ultrasound money” due to the EIP-1559 upgrade, which has altered its deflationary characteristics. This upgrade reduced Ethereum’s burn rate, leading to a slowdown in the rate at which Ether is removed from circulation. The total supply of ETH has increased, and there has been a recent rise in the supply of ETH on exchanges. How does the supply on exchanges compare to the total supply? Ethereum total supply and fees burnt display contrasting trends The analysis of Ethereum’s supply metric on…