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FUEL Price   

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FUEL

Etherparty  

#FUEL

FUEL Price:
$0.000188
Volume:
$18.1 K
All Time High:
$0.45
Market Cap:
$188.2 K


Circulating Supply:
1,000,000,000
Exchanges:
1
Total Supply:
1,000,000,000
Markets:
2
Max Supply:
1,000,000,000
Pairs:
2



  FUEL PRICE


The price of #FUEL today is $0.000188 USD.

The lowest FUEL price for this period was $0, the highest was $0.000188, and the exact current price of one FUEL crypto coin is $0.00018820.

The all-time high FUEL coin price was $0.45.

Use our custom price calculator to see the hypothetical price of FUEL with market cap of ETH or other crypto coins.


  FUEL OVERVIEW


The code for Etherparty crypto currency is #FUEL.

Etherparty is 6.7 years old.


  FUEL MARKET CAP


The current market capitalization for Etherparty is $188,196.

Etherparty is ranking downwards to #3600 out of all coins, by market cap (and other factors).


  FUEL VOLUME


The trading volume is modest today for #FUEL.

Today's 24-hour trading volume across all exchanges for Etherparty is $18,109.


  FUEL SUPPLY


The circulating supply of FUEL is 1,000,000,000 coins, which is 100% of the maximum coin supply.


  FUEL BLOCKCHAIN


FUEL is a token on the Ethereum blockchain.


  FUEL EXCHANGES


FUEL has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.

View #FUEL trading pairs and crypto exchanges that currently support #FUEL purchase.


  FUEL RELATED


Note that there are multiple coins that share the code #FUEL, and you can view them on our FUEL disambiguation page.


  FUEL RESOURCES


Websiteetherparty.com
Whitepaperetherparty.io/Etherparty_White_Paper_EN.pdf
Twitteretherparty_com
Redditr/etherparty
Telegrametherparty


  FUEL NEWS


Solana Leaves Competition In The Dust: Blazing Speed To Fuel Price Surge...

    Solana (SOL), the self-proclaimed 'world's fastest blockchain,' has been grabbing headlines for its blazing transaction speeds and surging token price. But is it all sunshine and rainbows in Solana land, or are there cracks in the seemingly smooth road? Solana Takes The TPS Crown According to CoinGecko data, Solana blew past competitors like Polygon and Ethereum in transactions per second (TPS). This translates to faster transaction processing times, a key factor for scalability and mass adoption in the blockchain world. However, a closer look reveals a more nuanced picture. While daily active addresses, which represent unique users interacting with the network, have indeed increased, the daily transaction count hasn't kept pace. This suggests a scenario where more users are entering the Solana ecosystem, but they aren't necessarily conducting a high volume of transactions. Is this a case of casual crypto tourists dipping their toes in, or is there something else at play? Fees Take A Tumble, But Is It A Sustainable Slide? Another interesting wrinkle is the decline in transaction fees on Solana. This might seem like good news for users, but it could be a double-edged sword. Lower fees could indicate that the transactions being processed are less complex and require lower charges. This could potentially limit Solana's revenue generation in the long run. Additionally, a drop in fees could signal a decrease in network congestion, which might explain the stagnant daily transact... read More



Bitcoin Back Above $63,000: Will FOMO Fuel Another Rally Or Lead To A Bu...

    The Bitcoin price made a strong comeback on Friday after witnessing a significant amount of bearish pressure throughout the past week. On Wednesday, May 1, the premier cryptocurrency fell below the $60,000 mark for the first time in almost two months. On Friday, May 3, the price of BTC recovered above the $60,000 level, going as high as $63,000 in the past day. However, the question is - can the Bitcoin price enjoy a sustained rally following this latest resurgence? How Long Will The BTC Price Rally Last? In a recent post on the X platform, Santiment pointed to a shift in investors’ position and sentiment on the Bitcoin price following the recent surge above $62,000. According to the on-chain analytics site, traders on the Binance platform are “going from liquidated shorts to longs” after the latest price increase. While this shift in sentiment might signal renewed optimism in the premier cryptocurrency, Santiment sounded a warning bell for enthusiasts watching the Bitcoin price and looking to get into the market. The blockchain firm said in its post:  For the rally to continue, we don't want to see FOMO rising too much higher than what it appears to be now. FOMO, or “fear of missing out,” is a phenomenon where investors hastily purchase in-demand assets out of fear of missing out on potential gains. While it can drive the asset to a higher price in the short term, excessive FOMO often results in unsustainable bullish trends and subsequen... read More



Ontology Launches $10 Million Initiative to Fuel Decentralized Identity ...

    [PRESS RELEASE - Singapore, Singapore, April 17th, 2024] Ontology Network, a leading public blockchain, has announced a $10 million fund, designated in ONT & ONG tokens, to accelerate the adoption, education, and development of decentralized identity (DID) solutions. This initiative is tailored to catalyze innovation across four critical areas: DID Education, ONT ID Technical Tutorials, ONT ID Adoption, and Building with ONT ID, ensuring a robust ecosystem for users, developers, and businesses alike. Ontology's Pioneering Journey in Decentralized Identity It's important to highlight Ontology's longstanding commitment to the DID field. With over six years in operation, Ontology has been at the forefront of DID technology, marking significant milestones that underscore its leading position in the space. Notably, the user base for ONT ID, Ontology's premier decentralized identity protocol, has impressively surpassed 1.6 million users. Additionally, initiatives like the ONTO Wallet and Orange Protocol have been instrumental in broadening the adoption of DID across the wider Web3 ecosystem, showcasing Ontology's pivotal role in shaping the future of digital identity. DID Education: Spreading Knowledge and Understanding A cornerstone of this initiative, DID Education aims to enhance awareness and comprehension of decentralized identity. Ontology invites content creators and educators to develop high-quality, engaging materials that demystify DID concepts, focusing on Ontology&rsquo... read More



Saakuru Labs Secures $2.4 Million in Funding to Fuel the Adoption of the...

    [PRESS RELEASE - Singapore, Singapore, April 16th, 2024] In a significant move towards expanding its reach and capabilities, Saakuru Labs has successfully raised $2.4 million in an oversubscribed private funding round. This infusion of capital is earmarked for accelerating the adoption of the Saakuru Protocol, which has shown remarkable growth and traction in the GameFi sector. The Saakuru Protocol, known for its innovative approach to blockchain scalability and efficiency, has already made a mark with over 430,000 wallets holding assets on its mainnet. Its daily transaction volume has surged to over 200,000, positioning Saakuru as the fourth most active Layer 2 (L2) solution in the blockchain space. This level of activity underscores the protocol's rising importance and the growing trust in its stability and performance among users. This year, the ecosystem surrounding the Saakuru Protocol is set to expand significantly, with over 40 projects slated to go live in 2024. Among these is PlayGround, the flagship gaming platform developed by Worlds Beyond, which is expected to attract considerable attention. Additionally, the gaming landscape will be enriched with titles such as Crypto Run, a Made by Apes game, and Soccer Sage, a soccer betting game that promises to engage fans around the world. Worlds Beyond, a key player in the gaming sector and a participant in this funding round, has announced plans to launch three more games later this year, further contributing to the ecosy... read More



Bitcoin: Will This 'Dry Powder' and Historical Trends Fuel A Price Boom?

    While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week. Are There Similarities With The Bitcoin Bull Run Of 2020? Though the downward momentum is slowing down, and there has been no confirmation of the April 2 dump, the failure of bulls to convincingly flow back and drive the coin above $71,000 remains a concern for some traders.  Even so, taking a bullish stand, one analyst on X compares the current formation with that of 2020. Pointing to the cyclic nature of prices and the inevitability of retracements from bottoms and peaks, the trader expects prices to bounce. The trader said that in 2020, when Bitcoin prices fell, shaking out weak hands, the recovery sparked a bull run that forcefully saw the coin surge above previous all-time highs of $20,000. The analyst seems to allude to the retracement before the breakout as a catapult that eventually fed the 'legendary' bull run, which saw Bitcoin float to as high as $70,000. Based on this comparison, the trader is adamant that it may, reading from history, be the best time to 'sell' at around spot levels. Still, for now, buyers can consider doubling down until there is a clear trend definition and shake-off of the current bear formation. Currently, BTC has strong rejections in the $71,700 to $72,000 liquidation zone, ma... read More



Solana Mememania Begins, Adds Fuel to Harambe AI Token Presale

    Solana meme coin's recent surge to an astonishing $100 marks a monumental milestone. As Bitcoin continues to hold its position as the flagship cryptocurrency, the remarkable ascent of Solana underscores the increasing prominence and potential of alternative blockchain networks and tokens. As the excitement over the surge of Solana intensifies, a new meme coin has captured the attention of some risk-taking investors. Amidst this enthusiasm, Harambe AI, a new force in the cryptocurrency domain, is promising to redefine the landscape of decentralized finance (DeFi) through its innovative token presale. Harambe AI Token presents an upcoming token presale, offering to partake in a network combining AI-driven finance with decentralized tokens. Understanding the Allure of Meme Coins Meme coins emerge as a unique and intriguing subset, captivating enthusiasts, and investors. These coins, inspired by internet memes or cultural references, have gained significant attention and, in some cases, substantial market value, contributing to the diversity and vibrancy of the crypto market. Meme coins like Harambe AI, Doge, Solana, and Pepe tap into internet culture, leveraging memes and cultural references, creating a sense of community and engagement among users. Their lighthearted and sometimes whimsical nature resonates with a specific segment of cryptocurrency enthusiasts, fostering a community-driven ethos. They possess an intriguing allure, often gaining significant attention and market... read More



Ethereum (ETH) Nears Key Support, Cardano (ADA) and Rebel Satoshi ($RBLZ...

    In the ever-evolving crypto landscape, it's like the Wild West out there, and leading the charge are Ethereum (ETH) and Cardano (ADA), as well as one new rising star. The new kid on the block is called Rebel Satoshi ($RBLZ) and like each of the above players, brings something unique to the table, offering investors a chance to dive into what could be something new and exciting. Ethereum (ETH): Holding Steady Despite the Ups and Downs Ethereum, the big brother of the altcoin family, is currently hovering near a crucial support level. For those not in the crypto know-how, think of this as a “make or break” point. If Ethereum manages to hold its ground above this level, it could be looking at a comeback story. But if it dips below, it might signal a time to buckle up for a bit of a rough ride. Despite this, Ethereum remains a top crypto by market cap, given its long-standing reputation and consistent performance. Cardano (ADA): The Underdog Gaining Ground Then there’s Cardano. It's like the little engine that could of the crypto world. Recently, ADA's price jumped from $0.4 to $0.5, boosting its ecosystem with over $100 million. This spike in TVL (Total Value Locked) has shot Cardano up the ranks, beating out some big names like Bitcoin in TVL standings. Crypto analyst Ali Martinez pointed out that Cardano is in a hot zone where significant numbers of wallets have hoarded billions of ADA. If it stays above this zone, we might see Cardano hit new yearly highs. ... read More



South Korean Traders Fuel Surge in Crypto Market Volume

    Traders in Asia, especially South Korea, have played a major role in driving the unexpected surge in digital asset market volume. Data from CCData reveals a significant rise in market share for South Korean-based exchanges. In November, their market share surged to 12.9%, a significant increase from the 5.2% recorded in January. This rise aligns with a general uptick in trading volume observed in the digital asset space during October and November. South Korean Traders Drive Altcoin Surge Since early October, the digital asset market has experienced a rally, driven by growing optimism surrounding the potential authorization of U.S. exchange-traded funds to hold digital assets. Bitcoin has seen a nearly 40% increase in value over the past month, while smaller tokens like Solana and Avalanche have witnessed even more substantial surges. Analysts at CryptoQuant, a blockchain data platform originating from South Korea, highlighted that traders in South Korea are playing a significant role in the increasing trading volume of altcoins. Chung Hochan, CryptoQuant's Head of Marketing, attributes this trend to the absence of a futures market for retail investors in South Korea. This absence has led retail investors in the country to explore substantial leverage opportunities within the crypto market, particularly with altcoins. The increased interest contributed to the remarkable expansion of the altcoin market compared to other investment assets. South Korea's Crypto Community is Grow... read More



Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development

    On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be given to the Protocol Guild, a consortium of over 150 core Ethereum developers, fueling their quest to further refine and grow the Ethereum protocol.A Decade-Long Commitment to Ethereum Development Vaneck is set to contribute 10% of its ethereum futures ETF profits to the advancement of Ethereum, as revealed in a statement released on the social media platform X this past Friday. 'We intend to donate 10% of our EFUT ETF profits to Protocol Guild for at least 10 years,' the firm said. 'Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure.' The Protocol Guild encompasses over 150 Ethereum core developers, with an onchain registry bearing testimony to its membership. This guild is steered by the vision to 'boost the incentives around stewarding the core protocol.' Vaneck accentuates that core developers have played pivotal roles in propelling crucial updates such as The Merge and Shanghai. The firm underscored that should traditional finance (tradfi) reap benefits from the endeavors of Ethereum development, it's only fitting that Tradefi reciprocates by giving back. 'If tradfi stands to gain from the efforts of Ethereum's core contributors, it makes sense that we ... read More



Chainalysis: Nigeria's Economic Struggles Fuel Grassroots Crypto Adoptio...

    Sub-Saharan Africa is the region with the smallest cryptocurrency economy, representing only 2.3% of the global transaction volume from July 2022 to June 2023. During this period, the region accumulated an estimated $117.1 billion in on-chain value. No country exemplifies this better than Nigeria, according to blockchain Chainalysis, which ranks second overall on the blockchain analytical firm's Global Crypto Adoption Index. Other countries in the region ranking high on the index include Kenya (21), Ghana (29), and South Africa. Sub-Saharan Africans Embrace Bitcoin, Stablecoins Amidst Inflation The latest Chainalysis report shared with CryptoPotato revealed that Bitcoin holds more significant sway in Sub-Saharan Africa than any other region, with the world's first cryptocurrency accounting for a larger share of transaction volume there. The reason Bitcoin gained such disproportionate traction in this region may be attributed to the fact that the crypto asset serves as an alternative store of value. Many countries within the region have grappled with mounting inflation and debt, making cryptocurrencies an appealing option for preserving wealth, safeguarding savings, and seeking greater financial autonomy. For instance, Ghana's inflation surged to 42.5% in June 2023 after numerous consecutive months of increases, marking the highest level in two decades. With limited financial opportunities available, numerous Ghanaians have turned to Bitcoin. Similar economic challenges have b... read More



SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 ...

    It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data revealing that nearly $996 million worth of ETH and BTC has been removed from centralized trading platforms.Exchanges Witness Significant Bitcoin and Ethereum Outflows in Wake of SEC Lawsuits Less than a week has passed since the SEC took action against two of the world's largest exchanges, with Binance's lawsuit occurring on June 5, 2023, and Coinbase's lawsuit following suit on June 6. As previously reported by Bitcoin.com News, record outflows from Binance have been observed, and cryptocurrency enthusiasts have been extensively withdrawing bitcoin (BTC) and ethereum (ETH) from centralized exchanges. According to data collected from cryptoquant.com, 2.155 million BTC were held on centralized trading platforms the day prior to Binance's lawsuit. Since then, however, 22,263 BTC valued at $574.15 million using current exchange rates have been withdrawn. As of 8:30 a.m. Eastern Time (ET) on Sunday morning, there were 2.133 million BTC held by various exchanges. A similar trend is evident in ethereum (ETH) withdrawals, as 15.96 million ETH were held by exchanges last Sunday on June 4, 2023. A Game of Musical Chairs: While Binance's Weekly Outflow Surged, Other Exchanges Record Significant ... read More



Revolutionizing AI: GAIMIN Unleashes the Power of High-Powered, Distribu...

    PRESS RELEASE. GAIMIN (www.gaimin.io), the world’s leader in delivering decentralised data processing power through gaimin.cloud (www.gaimin.cloud), is delighted to announce GAIMIN is the world’s first company to power AI modelling computations through high powered distributed gaming PCs. AI processing requires significant amounts of computational power, typically handled by the GPU due to its high performance mathematical processing capabilities. However, the GPU as a device is very much in demand across a number of different industries, more notably within the growing gaming community who use the GPU to enhance their gaming experience, thereby spreading the reach and availability of devices. Research by GAIMIN indicates that GPUs in high performance computers, such as a gaming PC, are underutilised. The most powerful devices are more than capable of supporting competing processing requirements, such as gaming, whilst also delivering other data processing services with no impact on performance. Also, with most gaming computers typically only used for 20% of the day, there is a significant amount of underutilised data processing power available. GAIMIN has created a distributed high-powered computing (HPC) network (www.gaimin.cloud), harnessing the underutilised processing power within gaming PCs. Users participating in gaimin.cloud receive payment and rewards for allowing their devices to accept data processing jobs from GAIMIN. Designed with flexibility for se... read More



Huobi Joins HKVAC as First Member to Fuel Hong Kong's Ambition to be a G...

    [PRESS RELEASE - Singapore, Singapore, May 31st, 2023] Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC). By joining HKVAC, an organization dedicated to providing credit ratings for crypto asset exchanges and trading products. Huobi aims to develop a venture capital database that caters to the needs of the market, actively engage in educating the public about crypto investments, and offer Hong Kong traders a 'one-stop' crypto asset trading service. Ultimately, with Huobi Hong Kong (Huobi HK) as the pivot, Huobi is committed to supporting Hong Kong in its efforts to become a global Web3 hub. HKVAC is said to be a collaboration of many crypto industry players, including exchanges, institutional investors, and Hong Kong-licensed rating agencies. It was established primarily to enhance the industry's capabilities in security risk management and to assist the Central Government and Hong Kong's local authorities in building a world-leading hub for virtual asset and digital finance. At the same time, it commits itself to creating a safe, open and transparent environment for crypto asset investments under the guidance of 'Hong Kong's new crypto regulations.” It will also promote the acceptance and recognition of crypto assets by helping the public gain systematic, correct and secure knowledge about crypto investments. As an exchange that always prioritizes 'global security and compliance operations', Huobi has maintained the best indu... read More



Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces...

    Brazilian President Luiz Inacio 'Lula' da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The 'Brazilianization' of the industry determines discounts for distributors, with prices now being determined by other benchmarks. Brazilian President 'Lula' Announces New Fuel Pricing Structure; Abandons U.S. Dollar Import Parity Peg Brazilian President Luiz Inacio 'Lula' da Silva has announced the establishment of a new price policy for fuel and oil derivates in the country on Tuesday, breaking away from the import parity for prices pegged to the US dollar. Petrobras, Brazil's state oil company, will now use different benchmarks to set its fuel and diesel prices for distributors. The measure, which was part of Lula's presidential campaign promises, was called a 'victory for the people' by the president. Lula informed that prices of fuel and diesel would be lowered by more than 12%, while gas prices will be lowered by 21.3% for wholesalers and distributors. Petrobras president Jean Paul Prates stated: Petrobras regains its freedom to set prices. We freed ourselves from a single and exclusive factor, which was parity. Alexandre Silveira, minister of Mines and Energy, also celebrated the move, stating that it was time to 'Brazilianize' these prices. However, Petrobras clarified that not all of these discounts would be transferred to customers at the pump. New Pricing Bench... read More



Bosch and Fetch.AI Launch $100M Foundation to Fuel Web3 Adoption

    German multinational engineering giant Bosch and Cambridge-based artificial intelligence lab - Fetch.ai - have jointly unveiled a new foundation focused on fueling industrial adoption of software agents, AI, and Web3 technology. Dubbed - Fetch.ai Foundation - this new initiative will focus on areas such as research and development as well as harnessing the application and adoption of agents, Artificial Intelligence, and Web3 decentralized technologies for real-world use cases to improve the existing network. The target will also be to assist in the long-term development of Web3-powered solutions and services in sectors across mobility, industrial tech, and consumer products. In a press release shared with CryptoPotato, Humayun Sheikh, Fetch.ai's Founder and CEO commented, 'Over the next three years, our team will look to inject upwards of $100 million into industrial AI through various grant programs as a way to accelerate growth within our space alongside like-minded businesses and partners. We would also like to encourage other industrial players to join the foundation to steer and influence the development of this AI-powered peer-to-peer tech stack.' At launch, the foundation's board will be anchored by the Fetch.ai and Bosch teams. Meanwhile, the focus will be on slowly developing strategic participant growth with businesses that seek to develop the infrastructure for a 'decentralized digital economy' driven by AI. To that extent, Peter Busch, Chairperson of the Fetch.... read More



Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?

    The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were pulling their cryptocurrencies off exchanges has accelerated in the last couple of months. This has resulted in one of the sharpest drops in the percent of BTC supply left on centralized exchanges. Bitco In a new report by on-chain data aggregator Santiment, the bitcoin held on exchanges has witnessed one of the sharpest declines in history. In January 2022, the BTC held on exchanges accounted for around 11.85% of the total supply, but now, a year later, it has dropped to just 6.65% of the supply left on exchanges. This is a result of the increasing distrust of centralized exchanges following the collapse of FTX, one of the largest crypto exchanges at the time. Self-custody gained more prominence when the exchange filed for bankruptcy, prompting more supply than normal to flow out of exchanges. Over time, some exchanges have been hit harder than others when it comes to withdrawals. A lot of this depends on the amount of distrust circulating around different exchanges, with some like Kraken seeing 59% of total BTC held on the exchange flowing out in a one-year period. Coinbase and Bitfinex emerged as some of the hardest-hit exchanges with outflows of 33% and 32%, respectively. Coinbase’s outflows came amid insolvency rumors which have since been debunked by the exchange. Other exchanges include KuCoin seeing 32% of BT... read More



Bitcoin Soars to $21,500 On 'Hated Rally,' Is There Fuel To Keep Rising?

    The Bitcoin rally continues as the cryptocurrency smashes all resistance levels and seems ready to reclaim more ground. The number one crypto by market capitalization has seen a double-digit gain over the previous week leading the top performers in the sector. As of this writing, Bitcoin traded at $21,400 with sideways movement in the last 24 hours. The BTC price records a 23% rally in the previous seven days. Other cryptocurrencies in the top 10 record similar price action with Ethereum (19%) and Polygon (18%). The crypto has seen some losses but could recover during today's trading session. Bitcoin Shorts Are Wipeout, Bear Market Over? Any “good” price rally must be a “hated” rally; Bitcoin follows this rule. As the cryptocurrency trended to the upside from its yearly lows, crypto traders began shorting it with overleverage positions. When Bitcoin was about to breach $17,500, the price action went sideways, allowing overleverage shorts to take positions; these traders were expecting BTC to fail the re-test of this resistance level. Their positions provided liquidity to the upside and the fuel to send Bitcoin to its current levels. According to a report from Bitfinex, $450 million were recorded in short liquidations as BTC began its ascend. This data represents the most significant short squeeze since July 2021 across the crypto market, as seen in the chart below. The BTC price action is displaying a similar behavior; it’s moving sideways as... read More



Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?

    On-chain data shows the number of stablecoin transactions going into spot exchanges have risen recently, something that could help fuel a Christmas Bitcoin rally. Stablecoin Deposits To Spot Exchanges Have Shown Increasing Demand Recently As pointed out by an analyst in a CryptoQuant post, there has been an increasing demand on spot exchanges recently. The relevant indicator here is the 'stablecoin exchange depositing transactions,' which measures the total number of transfers involving these fiat-tied tokens that are heading towards exchanges. Investors usually use stablecoins whenever they want to escape the volatility associated with coins like Bitcoin. Once the holders feel the prices are right to re-enter into these volatile markets, they transfer their accumulated stables to exchanges for swapping them into their desired cryptocurrency. So, a large amount of these tokens entering into exchanges can act as buying pressure for other markets, and thus provide a bullish effect to the prices of Bitcoin and other assets. Unlike the normal inflow metric, which simply measures the total amount flowing into exchanges, this indicator paints an idea about the actual demand in the market since it counts individual transfers, which can't be inflated by a few large investors as their transaction count will be much lesser than their inflow values. Now, here is a chart that shows the trend in this metric, as well as the opposite one that keeps track of withdrawal transactions: As th... read More



Talks of Issuing a New FTT Token Fuel Coin's Price Despite FTT's Broken ...

    Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed to climb 23.4% higher against the U.S. dollar during the past seven days.FTT Coin Pumps After Crypto Community Members and Sam Bankman-Fried Discuss a New FTT Token Idea For some odd reason, the digital asset ftx token (FTT) is still holding value and on Dec. 10, 2022, it’s been trading for prices between $1.58 to $1.82 over the last 24 hours. FTT is an exchange token associated with FTX from the very beginning, and it was launched more than three years ago in 2019. In fact, this week FTT’s price has increased 23.4% against the U.S. dollar and during the last two weeks, the price climbed 17.5% higher. It’s uncertain why FTT has risen more than 20% this week, but it might be because there’s been talk of issuing a new FTT token. On Dec. 9, the crypto proponent Ran Neuner tweeted about the issuance of a new FTT token. “Fire up the FTX exchange,” Neuner said on Twitter. “Issue a new FTT token. Distribute the token to creditors/depositors. Accrue 100% of profits to token holders. It will be the biggest exchange in the world and users will be made more than whole,” Neuner added. Interestingly, the disgraced FTX co-founder Sam Bankman-Fr... read More



Polygon (MATIC) Price Rallies As Whales Supply The Fuel

    Polygon (MATIC) is one of the biggest winners in the crypto market today, with a 15% price increase over the last 24 hours. As NewsBTC reported yesterday, MATIC gave a golden cross signal on the daily chart a few days ago. The last time MATICUSD posted this significant trading signal on the daily chart, the altcoin recorded a massive rally of more than 13,000%. MATIC had been trading in a sideways channel since mid-July. After the golden cross formed on October 20, MATIC showed small strength. However, the explosive breakout from the sideways channel was triggered by fundamentals and probably whales scooping up MATIC. MATIC breaking out. After the announcement that META will use Polygon for Instagram NFTs, the price soared by more than 20% within one day and was able to overcome the 4-month high at $1.06. Unsurprisingly, after Polygon's explosive move (MATIC), the RSI is currently at 75 and thus in the overbought zone. A retest of the $1.06 level would thus be healthy for the market before the rally may find a continuation. Meanwhile, on-chain analysis firm Sanitment has released data showing that whales have front-runned the pump. In an analysis, Santiment said that 'a mid-October spike in Polygon holdings by 10m+ $MATIC whales may have foreshadowed this'. Regarding the recent move, Santiment said that yesterday 'marked the highest amount of $100k+ whale transactions since February for the 11th'. Whales frontrunning the rally. Source: Santiment Fundamentals of Polygon... read More



Dogecoin Price Continues To Consolidate But A Move Above This Level Coul...

    Dogecoin price has continued to consolidate. However, the coin showed signs of recovery on its one-day chart. Over the last 24 hours, the coin hasn't made much progress. In the past week, Dogecoin price just moved up by 0.4%, which indicates that the coin is still in a consolidated price range. The technical outlook for Dogecoin indicated that buyers were not in control of the market at press time. This meant that Dogecoin price was still experiencing bearish pressure. For Dogecoin to be able to regain the bulls back, it is important that the meme-coin breaks past its immediate price ceiling. Demand for Dogecoin continued to remain low, which is why the bears could at any point invalidate the brief recovery that the coin made. If DOGE continues to consolidate over the next trading sessions, the coin could fall to its local support level. For a rally to happen, the coin has to topple over the $0.07 price ceiling. Only then can the coin attempt to touch the $0.09 price mark. Dogecoin Price Analysis: One-Day Chart Dogecoin was priced at $0.05 on the one-day chart | Source: DOGEUSD on TradingView DOGE was trading for $0.05 at the time of writing. The coin is still trading laterally. Although it tried to climb on its chart, the buyers did not cooperate. Overhead resistance for the coin stood at $0.06. A break above that can help Dogecoin touch the $0.07 price mark. A move above the $0.07 mark would help the coin rally to $0.09. On the other hand, support for the coin stood at $0.4... read More



This Could Fuel An Ethereum Rally Back To $1,700, Shorts Beware

    Ethereum has almost made back the gains from previous weeks with yesterday’s upside move and could be gearing up for another push above resistance. The second cryptocurrency by market cap is following the general sentiment in the market and seeing some relief after the influence of macro forces lessened, for the time being. At the time of writing, Ethereum (ETH) trades at $1,330 with a 9% profit in the last 24 hours and a 2% loss over the past week. In the crypto top 10, ETH is one of the best-performing assets along with Solana (SOL), and Bitcoin (BTC). ETH's price moving sideways on the 4-hour chart. Source: ETHUSDT Tradingview Will Ethereum Bulls Squeeze Out The Shorts? Yesterday, the crypto market experienced high volatility against the backdrop of the U.S. Consumer Price Index (CPI) report, the benchmark for inflation in this country. The metric printed an 8.2% for September, beating expectations, and pushing Bitcoin and Ethereum below critical support. After taking the liquidity to the downside, the market retraced back to the range that was chopping out short and long positions. According to a pseudonym trader, the volatility was unable to liquidate the sellers betting on further downside price action for Ethereum at its current levels. These positions have been piling up for several weeks, pushing the Open Interest (OI) for Ethereum futures contracts to new highs. In the coming days, if bulls can sustain the bullish momentum, the liquidation of these shorts cou... read More



Ark Invest CEO Warns Rate Hikes Could Fuel a 'Deflationary Bust' in Open...

    Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising interest rates. Wood says that the 'unprecedented 13-fold increase in interest rates' has not only shocked the world but it's also pushing the economy toward risking a 'deflationary bust.'Ark Invest's Catherine Wood Says Fed's Last 75bps Rate Hike Was 'Surprising,' Letter Says 13 to 16-Fold Increase in Benchmark Bank Rates Is Risky Ark Invest CEO Catherine Wood has published an open letter to the Federal Reserve which notes that the central bank's aggressive benchmark bank rate hikes have been risky. Wood's letter says the 'Fed's last decision to increase the Fed funds rate by 75 basis points was surprising.' Wood's letter says that the Fed's concept of reducing upstream price deflation is 'likely to turn into downstream deflation.' Furthermore, the Ark Invest CEO says that the Fed's decisions are based on two 'lagging indicators,' which include the inflation rate and employment metrics. The letter from the CEO follows the recent report published by the United Nations Conference on Trade and Development (UNCTAD) which also wants the Fed to stop hiking rates. UNCTAD estimates with each Fed rate hike, the economic output of wealthy countries declines by 0.5% and for poorer countries, it declines by 0.8% for a duration of ... read More



How Can the Rise in Fuel Price Be Turned Into a Good Investment?

    The oil industry has had a chaotic two years. Crude oil prices were down early in the COVID-19 pandemic; nevertheless, the price has now topped $100 per barrel. Moreover, the worldwide benchmark, Brent crude oil, is currently trading above $111 per barrel. There has been a considerable rise in gas prices worldwide because of the rise in oil prices. If prices continue to rise, as many economists predict, it would stifle economic development, induce decreased consumption, and, in some situations, spark political instability. The increasing gasoline costs have already sparked fatal riots in nations such as Kazakhstan, Iran, and Zimbabwe. And, the significant factors for this have been the rebound in fuel consumption since the height of the coronavirus outbreak and supply difficulties in the aftermath of Russia's invasion of Ukraine. Even analysts at JP Morgan Chase & Co and Bank of America have predicted that the Russian disruption will send oil prices up to $185 per barrel. Reasons for Rising Fuel Prices Oil has had a history of more significant fluctuations in price than any other asset. The Organization of Petroleum Exporting Countries, or OPEC, is the primary driver of oil price changes. Second is the supply and demand rules. Prices fall when supply exceeds demand, and vice versa when demand exceeds supply. The current instability is because of Russia's conflict in Ukraine, which has caused crude oil prices to climb over $100 a barrel. Further, crude oil prices have risen ra... read More



Why VeChain May Run Out Of Fuel After 90% Rally

    VeChain has been able to preserve its current levels as the crypto market loses steam. Source: VETUSDT Tradingview Two weeks ago, NewsBTC reported a potential 40% rally for VeChain. Based on an analysis from Justin Bennett, the cryptocurrency was on the brick of breaking above a trend line which signaled potential appreciation. This trend line marked the beginning of a multi-month downtrend, and its reversal could take VeChain into the $0.10 price point. Therefore, Bennett called this move “significant in terms of the overall context of the market”. VeChain is yet to complete its full bullish trajectory into the $0.10 levels and beyond. However, it did manage to score a 90% rally, according to Bennett, destroying the market expectations of further downside: VET is the same project everyone on CT said was dead for months. +97% in 16 days is quite the move for a 'dead' coin. Let that be a lesson for anyone who jumped on the CT bandwagon. Peak pessimism amongst the masses usually means a buying opportunity isn't far away. The $0.080 point will be critical to determine if VeChain can sustain its current momentum. If these levels hold, VET’s price could appreciate further and return to its pre-crash levels from $0.10 to $0.14. VET's price breaking above a downside trendline. This suggests more appreciation. Source: Justin Bennett via Twitter Data from Material Indicators (MI) suggest potential resistance at VET’s price current levels. There are over $2 mil... read More



A Crypto War Is Raging – Crypto Donations Fuel Russia-Ukraine...

    More than $4 million have already been contributed to non-governmental organizations helping Ukraine from Russia's unprovoked invasion of the country. A 'crypto war,' according to analysts, has just begun. Meanwhile, as the panic of war depletes the country's ATMs, many Ukrainians resort to Bitcoin. Elliptic, a blockchain analysis company in London, provided statistics on Friday revealing that crowdfunding has increased since Thursday, following Russia's invasion of Ukraine. 'On the 24th of February alone, one NGO got over $675,000 in Bitcoin, and by 9.30 a.m. on the 25th, it had already received more than $3.4 million – over $3 million of which was provided by a single contributor,' Elliptic said. This brings the total amount raised by these groups from the beginning of the invasion to more than $4 million, Elliptic said. Total crypto market cap at $1.738 trillion in the daily chart | .com Crypto War: Who's Winning? This increase in donations is part of a more significant trend by Ukrainian volunteers and NGOs who have been at the forefront of organizational efforts since the conflict began eight years ago with the separatist Donbas republics. Bitcoin was up 1.75% to $47,130 at the time of writing. The crypto fell to an early morning low of $46,173, before climbing to a high of $47,247, indicating a mixed start today. Related Article | Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs 'Cryptocurrencies may be used to crowd... read More



XLM Takes Off With 20% Gain, SDF CEO Outlines Drivers Which Could Fuel R...

    XLM has been following the general sentiment in the crypto market and records bullish momentum in lower timeframes. The cryptocurrency records high volatility in the past day, as the U.S. XLM Reacts To The Upside As of press time, XLM is trading at $0.23 with a 1.7% loss in the last 24 hours, a 3.2% and 22.6% profit in the last hour and 30 days, respectively. XLM moves to the upside on the daily chart. Source: XLMUSDT Tradingview Although XLM has been following the general market trend, it has been lagging when compared to Bitcoin, Ethereum, and other largest cryptocurrencies. Data from Material Indicators suggest the recent upside move to the upside was sold off by small investors. As the market approached the CPI print, investors with ask orders of up to $10,000 drove the price down, but bulls were quick at reverting the downside trend. This positive reaction suggests investors have already price-in inflation impact on the market, at least, for the short term. Bullish intraday reversal on the open. Market saying inflation doesn't matter for now any longer. — Alex Krüger (@krugermacro) February 10, 2022 Thus, XLM’s price and the crypto market could see an extended bullish trend. Additional data provided by Material Indicators shows that Stellar bounced back on critical support, as there was a cluster of bidding orders around today’s lows near $0.22. To the upside, $0.240 could operate as the next major resistance area, but bulls could breach thr... read More



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