|All Time High:|
|Market Cap: |
|The price of #JST today is $0.029 USD.|
The lowest JST price for this period was $0, the highest was $0.029, and the exact current price of one JST crypto coin is $0.02864.
The all-time high JST coin price was $0.23.
Use our custom price calculator to see the hypothetical price of JST with market cap of ETH or other crypto coins.
|The code for JUST is #JST. |
JUST is 2.7 years old.
|The current market capitalization for JUST is $254,932,907.|
JUST is ranked #140 out of all coins, by market cap (and other factors).
|The trading volume is large during the past 24 hours for #JST.|
Today's 24-hour trading volume across all exchanges for JUST is $45,200,114.
|The circulating supply of JST is 8,902,080,000 coins, which is 90% of the maximum coin supply.|
|Note that there are multiple coins that share the code #JST, and you can view them on our JST disambiguation page.|
More JUST (#JST) News
|Bitcoin Price Just Saw Key Technical Correction, But 100 SMA Is Still St...
Bitcoin price is correcting gains below the $24,000 zone. BTC is holding the $23,250 support and might attempt another increase in the near term.
Bitcoin is correcting gains from the $24,250 resistance zone. The price is trading above $23,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $23,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $23,250 support zone. Bitcoin Price Remains Supported
Bitcoin price attempted an upside break above the $24,000 resistance zone. BTC spiked above the $24,250 level, but there was no upside continuation. A high was formed near $24,282 before there was a downside correction.
The price declined below the $24,000 level. There was a move below the 50% Fib retracement level of the upward wave from the $22,752 swing low to $24,282 high. However, the bulls seems to be active above the $23,250 support zone.
Bitcoin price is still trading above $23,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $23,300 on the hourly chart of the BTC/USD pair. The trend line is near the 61.8% Fib retracement level of the upward wave from the $22,752 swing low to $24,282 high.
An immediate resistance is near the $23,950 level. The next major resistance is near the $24,250 zone. A clear move above the $24,250 resistance might start a decent increase.
Source: BTCUSD on...
|Bitcoin Price Just Saw Technical Correction But Key Uptrend Support Inta...
Bitcoin price started a downside correction below $23,000. BTC is testing an important support and might start a fresh increase towards $23,500.
Bitcoin started a downside correction and declined below the $23,000 support zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $22,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $22,000 support zone. Bitcoin Price Tests Key Support
Bitcoin price struggled to clear the $23,400 and $23,500 resistance levels. BTC started a downside correction and traded below the $23,000 support zone.
The price declined below the 23.6% Fib retracement level of the key increase from the $20,395 swing low to $24,250 high. The price even spiked below the $22,500 support level. However, the bulls appeared near the $22,200 support zone.
There is also a major bullish trend line forming with support near $22,400 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $23,000 and the 100 hourly simple moving average.
An immediate resistance is near the $22,700 level. The next major resistance is near the $22,850 zone or the 100 hourly simple moving average, above which the price might gain bullish momentum. In the stated case, the price may perhaps rise towards the $23,200 level.
Source: BTCUSD on TradingView.com
The next resistance could be near the $23,500 level. ...
|Former SEC Official's Crypto Warning: Regulatory Onslaught Is Just Begin...
The Securities and Exchange Commission (SEC)'s former head of internet enforcement has warned the crypto industry that a 'regulatory onslaught is just beginning.' His warning followed several recent enforcement actions the securities regulator took against major crypto firms.'SEC Regulatory Onslaught Is Just Beginning'
Former Securities and Exchange Commission (SEC) official John Reed Stark has warned the crypto industry of an escalating 'regulatory onslaught.' Stark founded and served as chief of the SEC Office of Internet Enforcement for 11 years. He was also an SEC enforcement attorney for 15 years where he led cyber-related projects, investigations, and enforcement actions.
Stark explained in a tweet Thursday that the SEC 'hit Blockfi for failing to register its crypto-lending program, stopped Coinbase from launching its crypto-lending program, and Just hit Gemini/Genesis for its Earn crypto-lending grift.' He warned:
Buckle up: An SEC regulatory onslaught is just beginning.
Last week, the SEC charged crypto exchange Gemini and crypto lender Genesis 'for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program.' In February last year, the regulator took action against cryptocurrency lending platform Blockfi which filed for bankruptcy in November. Moreover, the securities watchdog also threatened to sue Coinbase if the Nasdaq-listed crypto exchange proceeded to launch a lending program in September 2021. Coinbas...
|Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Am...
In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin's upcoming halving, which is expected to occur 203 days from now.Litecoin Halving Set to Occur on or Around Aug. 3, 2023
Litecoin, the 14th-largest cryptocurrency today, is preparing to experience a block reward halving in 202 days. It will be the first major proof-of-work (PoW) cryptocurrency to have a reward halving, besides the upcoming reduction scheduled to happen in 158 days for Dash. However, Dash's reduction is different than a halving as the reward will be reduced from 2.763 Dash to 2.566 Dash. Like Bitcoin, Litecoin's block halving cuts the reward in half (by 50%) and it will drop from 12.5 LTC to 6.25 LTC.
While litecoin (LTC) holds the 14th-largest market capitalization today, it used to be a top-ten cryptocurrency contender in the early days of the crypto market. LTC's network has many differences from Bitcoin (BTC) as there are more coins in circulation - currently more than 72 million LTC in circulation. However, LTC is nearing its maximum supply of 84 million. Bitcoin's block time is usually around 10 minutes per block, but LTC blocks are much faster at 2.5 minutes per block.
🔥Litecoin Halving Cycles 2W chart🔥
Something to give us some bullish vibes for short term future and real strong bullishness starting from ...
|Why GALA's 190% Rally May Be Just Getting Started
GALA, the native token of the non-fungible token (NFT) gaming project, has recently seen significant bullish price action. The token moved independently during these periods, with larger cryptocurrencies barely catching up on this massive rally.
As of this writing, GALA’s price trades at $0.04 with a 16% profit in the last 24 hours. Since late December 2022, the token has recorded a 194% rally and stands amongst the best-performing digital assets in the sector. Is the rally sustainable, or will the token retrace on its recent gains?
GALA With More Room To Grow
Data from analytics firm Santiment indicates that GALA was able to trend to the upside due to a spike in on-chain activity. An increase in whale activity supported the token’s price action and allowed it to push beyond resistance at $0.048.
The last time GALA saw its current levels was in Q4, 2022. At that time, the cryptocurrency crashed behind a market-wide downtrend. The chart below shows that the spike in activity preceded the rally and suggests further appreciation. Santiment noted:
Amongst the many surging altcoins in 2023, $GALA has been making a tremendous run. The price of the #Ethereum-based asset is up +194% since December 30th, and has exceed $0.048 for the first time since mid-September, backed by big whale transactions.
Further data provided by Santiment indicate that GALA’s upside move was supported by negative overall market sentiment. As digital assets trended to the upside, sentim...
|Lido DAO Surges By More Than 57% in Just A Week – More Gains Up Ah...
Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion.
This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts.
At press time, according to data from Coingecko, LDO is changing hands at $1.51, increasing its value by 13% during the last 24 hours.
Over the previous seven days, the digital token went up by 56.5% while also posting a bi-weekly gain of 60% and monthly increase of 50%.
Already in the middle of an impressive showing, some analysts believe that Lido DAO still has room for improvement, thanks to a new upcoming ETH upgrade.
Lido Expected To Benefit From ETH Shanghai Upgrade
According to a recently released analysis, Lido Finance, at the time of this writing, is responsible for nearly 30% of all staked ETH tokens, making it the largest liquid staking platform for Ethereum right now.
It has been noted that the demand for the platform increased dramatically after Ethereum switched from proof-of-work to proof-of-stake mechanism back in 2022.
Moreover, the analysis stated that the blockchain’s upcoming Shanghai fork will enable users to withdraw their staked ETH tokens which, in turn, is expected to encourage more people to stake through Lido Finance. This will then increase the demand for the project’s native token.
Some experts beli...
|Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, ...
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.”Wyre Cryptocurrency Payments Firm Allegedly Shutting Down, CEO Denies Reports of Winding Down Operations
On Jan. 4, 2023, Axios published a report that said Wyre, the digital currency payments platform, was winding down the company’s operations. Furthermore, several other reports about the situation stemmed from former employees and known associates. JD Ross, the founder of the music investment platform Royal.io said:
Looks like Wyre just shut down their business. Everyone in our shared Slack channel disabled except the GC. Hearing no severance.
“We'll continue to do everything we can, but I want everyone to brace themselves for the fact that we will need to unwind the business over the next couple of weeks,” CEO Ioannis Giannaros wrote to staff in an email seen by Axios. The news publication’s reporters Brady Dale and Lucinda Shen further detailed that a former Wyre employee named Michael Staib wrote about the situation on Linkedin.
Wyre was considered a profitable company and it raised $29.1 million via nine different funding rounds. The company was founded in 2013 by Giannaros and Michael ...
|Billion-Dollar Hedge Fund Is Betting Against Bitcoin And Grayscale, Not ...
The pressure continues to mount on Grayscale with its Bitcoin Trust (GBTC) and parent company Digital Currency Group. And as Ram Ahluwalia, CEO and co-founder of crypto-native investment advisor Lumida, pointed out in a recent thread, two new characters, Valkyrie Investments and Fir Tree have entered the 'Shakespearean drama.'
The motivation of the second, in particular, is very dubious. Fir Tree is a hedge fund with about $3 billion in assets under management (AUM) and hundreds of holdings. The SEC 13F filings show that Fir Tree holds First Citizen's Bank, KKR, Comcast, and hundreds of other securities. They are also large investors in oil and tobacco.
Ahluwalia, therefore, raises the question of why Fir Tree, as a value investor, has an interest in GBTC and filed a lawsuit against Grayscale in early December, especially since the hedge fund does not own a lot of GBTC.
Fir Tree Capital Management filed the lawsuit seeking information that could be used to force changes to the way the company operates its flagship Bitcoin Trust.
The lawsuit seeks Grayscale to lower its fees, initiate redemptions, and release documents related to its relationship with Digital Currency Group. In addition, Fir Tree also seeks to stop Grayscale's efforts to convert its Grayscale Bitcoin Trust (GBTC) into a spot exchange-traded fund (ETF).
A Big Short On Bitcoin, Crypto, And Tether? Ahluwalia hypothesizes that the arguments made in the lawsuit do not reflect their true motivation. Fir Tree claims...
|Did SBF Just Cash Out $684K?
Sam Bankman-Fried (SBF), the disgraced founder and former CEO of bankrupt cryptocurrency exchange FTX, has reportedly cashed out $684,000 worth of crypto assets despite court restrictions on spendings above $1,000.
On-chain DeFi analyst BowTiedIguana took to Twitter to unravel the location where SBF transferred the funds.
Following the Money Trail
After Bankman-Fried’s $250 million bail last week, the FTX boss sent all the ether (ETH) in his public wallet to a new wallet address – 0x7386df2Cf7e9776bCE0708072c27d6a7135D51CB.
Some hours later, $367,000 worth of cryptocurrencies were transferred from 32 addresses owned by SBF’s trading firm Alameda Research to the same wallet.
The address received another $322,000 from other wallets, bringing the total assets to roughly $689,000.
The wallet address, 0x7386, then sent $629,000 worth of tokens from its entire holding into another wallet address – 0x64e9B9cD74A46f71e7631CB033afA6E7849a8683.
Eleven wallet addresses labeled as Alameda-owned accounts sent a total of $1 million into the same wallet address, 0x64e9. Five transactions of less than 51 ETH were then conducted, as they were sent to a freshly created wallet address.
Funds Transferred to Seychelles Exchange
The funds were then transferred to a Seychelles-based crypto exchange that does not conduct Know-Your-Customer (KYC) activity for users.
Parts of the funds were also moved through the Ren protocol and subsequently to the Bitcoin network. The Ren pro...
|Why The Bitcoin Mining Hashrate May Not Be Out Of The Woods Just Yet
The bitcoin mining hashrate took a sharp nosedive as a historical storm tore through multiple US states. This saw power grids consolidate power to be able to provide enough energy for residents to heat their homes and some mining operations had to wind down to free up more of the electrical. There has been an increase in the hashrate since then but the worst may not be over yet.
Bitcoin Hashrate Takes A Beating
Electricity grids across the United States came under immense pressure as the country recorded one of its coldest winters yet. Temperatures dropped drastically across various states and the electricity grid was stretched thin to provide enough energy to heat homes. As a result, a number of bitcoin miners decided to pause their operations to free up some energy and this affected the hashrate contributed by the country.
By Christmas Day, the global hashrate had tanked almost 40%, dropping from its Dec. 24 peak of 276 exahashes per second (EH/s) to 175 EH/s. However, there was a 39% increase in hashrate on the same day which brought it back up to around 244 EH/s.
Since then, the hashrate has continued to wobble day to day and has now dropped back to the 212 EH/s level once more. This shows that while miners may have turned some of their machines back on, they may be shutting them down once more as the extremely cold weather persists.
How Long Will This Last? Winter storm expert for Atmospheric Environmental Research Judah Cohen said that the Arctic blast currently bein...
|Ethereum Price Just Signaled 'Sell' And It's Vulnerable to More Downside...
Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs.
Ethereum started another decline and traded below the $1,300 support. The price is now trading below $1,290 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the $1,300 resistance. Ethereum Price Restarts Decline
Ethereum price failed to clear the $1,350 resistance zone. ETH formed a top near $1,350 and started a fresh decline. There was a clear move below the $1,300 support and the 100 hourly simple moving average, similar to bitcoin.
During the decline, there was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD. The price settled below the 61.8% Fib retracement level of the upward wave from the $1,240 swing low to $1,349 swing high.
Ether price is now trading below $1,290 and the 100 hourly simple moving average. It is also consolidating near the 76.4% Fib retracement level of the upward wave from the $1,240 swing low to $1,349 swing high.
An immediate resistance on the upside is near the $1,285 level and the 100 hourly simple moving average. The first major resistance is near the $1,300 and $1,305 levels. A close above the $1,305 resistance might start a fresh increase.
Source: ETHUSD on TradingView.com...
|Just Like Bitcoin, Binance US Drops All Ethereum-USD Trading Fees
Binance US – the American branch of the world’s largest crypto exchange – has eliminated all Ether (ETH) spot trading fees just six months after doing the same for Bitcoin (BTC) pairs on the platform.
The zero-fee model will expand free trading to the platform’s ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs.
In a press release shared with CryptoPotato, Binance US revealed that it will be consolidating its pricing tiers into a single tier in January 2023. Tier I assets will feature the same pricing as Tier II assets, with the consolidated tier to be known as ‘Tier I’ from then onwards.
Binance US CEO Brian Shroder said the change is one of many at the company focused on “customer experience.” The exchange seeks to distinguish itself as one of the industry’s low-fee leaders, and to “restore trust in the greater ecosystem.”
“Now, more than ever, it is critical that platforms operate with users’ interests first,” stated the firm.
Both Binance and Binance US introduced zero-fee Bitcoin trading on the same USD and stablecoin pairs in June, shortly after industry competitors like Coinbase and Robinhood announced major job cuts.
Likewise, their Ethereum fee removal shortly follows the collapse of of FTX – Binance’s biggest rival from which the exchange seemingly absorbed hundreds of millions of dollars in withdrawal requests following a bank run in early November.&nb...
|Bitcoin Price Prediction: Recovery Just Getting Started or It's Bull Tra...
Bitcoin price gained pace and was able to clear $16,500. BTC must settle above $17,000 to start a real recovery in the near term.
Bitcoin started an upside correction and climbed above the $16,500 resistance. The price is trading above $16,400 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $16,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it settles above the $17,000 resistance zone. Bitcoin Price Recovers
Bitcoin price formed a decent support base above the $15,500 support zone. BTC remained well bid and started an upside correction above the $16,000 resistance.
There was a clear move above the 50% Fib retracement level of the main drop from the $16,795 swing high to $15,470 low. Besides, there was a break above a major bearish trend line with resistance near $16,220 on the hourly chart of the BTC/USD pair.
Bitcoin price is now trading above $16,400 and the 100 hourly simple moving average. It is also well above the 76.4% Fib retracement level of the main drop from the $16,795 swing high to $15,470 low.
On the upside, an immediate resistance is near the $16,800 level. The first major resistance is near the $17,000 zone. A successful daily close above the $17,000 resistance might start a real recovery wave. The next major resistance is near $17,500, above which the price could gain pace for a move towards the $18,000 zone.
Source: BTCUSD on TradingVie...
|Cardano Stablecoin Unveiling Is Just Around The Corner – Will This...
You can call it Djed, but the game is stablecoin. According to reports, Cardano's stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023.
They call this type of stablecoin 'algorithmic,' which means that the asset's stability is guaranteed by some very advanced, but (they say) 'ultimately important,' mathematics.
Cardano collaborated with COTI on this mammoth project.
in light of Djed's declaration, let us quickly review ADA's persformance of late:
Price activity as of late indicates further pain
If Crunchzone rises above $0.3160, the bears will gain even greater power
That's a portent of fantastic things to come for Cardano
A stablecoin might be a fantastic entry point for newcomers to the expanding Cardano ecosystem. When will ADA respond to this?
It's official! $Djed will launch on the Cardano Mainnet in January 2023! $Coti $Ada #Djed pic.twitter.com/cu8ryW6Lo7
— Djed Stablecoin (@DjedStablecoin) November 21, 2022
Adapting To Optimism
According to CoinGecko, the price of ADA rose by 4.7% after the news. Likewise, TVL has risen from yesterday's level of $64.9 million to today's $68.52 million.
Investors and dealers may be stocking up on ADA in preparation for a price surge.
With the announcement of the stablecoin, however, not everything is sunshine and rainbows. This can be summed up in a response to a commenter on the announcement's Twitter post:
How is this different from luna’s UST
— Moche (@mocheswap) November 2...
|Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance
On-chain data shows the crypto exchange Binance has just received Bitcoin inflows of 130k BTC, a sign that may be bearish for the price of the crypto.
Binance's Bitcoin Exchange Reserve Has Sharply Spiked Up Over Past Day
As pointed out by an analyst in a CryptoQuant post, Binance has received a massive Bitcoin deposit today.
The relevant indicator here is the 'exchange reserve,' which tells us the total amount of BTC currently sitting in the wallets of a centralized exchange.
When the value of this metric goes down, it means investors are withdrawing their coins from the exchange right now. Such a trend, when sustained, could be bullish for the crypto's price as it might be a sign of accumulation.
On the other hand, rises in the indicator suggest holders are transferring their BTC to the exchange's wallets currently. As investors could be depositing for selling purposes, this kind of trend can be bearish for the coin's value.
Now, here is a chart that shows the trend in the Bitcoin exchange reserve of the crypto exchange Binance over the last few years:
The value of the metric seems to have suddenly jumped up in recent days | Source: CryptoQuant
As you can see in the above graph, the Bitcoin exchange reserve for Binance sharply fell off earlier in the month.
These outflows occurred as the crypto exchange FTX went belly up, reigniting fear among investors around central custody, and causing them to rush to withdraw their coins from such platforms.
In the last few days, how...
|Bitcoin Price Prediction: Is the Recovery Just Getting Started?
Bitcoin price is slowly moving higher above the $16,750 resistance zone. BTC could gain bullish momentum if it settles above the $17,000 resistance zone.
Bitcoin is slowly gaining pace from the $16,350 and $16,000 support levels. The price is trading above $16,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $16,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the $17,000 resistance zone. Bitcoin Price Starts Recovery
Bitcoin price corrected lower below the $16,600 and $16,500 levels. However, BTC remained well bid above the $16,350 support zone. A low was formed near $16,370 and the price started a slow recovery wave.
There was a move above the $16,500 and $16,600 resistance levels. The price cleared the 50% Fib retracement level of the recent decline from the $17,098 swing high to $16,370 low. Besides, there was a break above a key bearish trend line with resistance near $16,600 on the hourly chart of the BTC/USD pair.
Bitcoin price is now trading above $16,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,950 level. It is near the 76.4% Fib retracement level of the recent decline from the $17,098 swing high to $16,370 low.
Source: BTCUSD on TradingView.com
The first major resistance is near the $17,000 zone. A close above the $17,000 resistance could set the pace for a st...
|Ethereum Price Just Reversed and $1,700 is Imminent, Here's Why
Ethereum remained well bid above the $1,500 level against the US Dollar. ETH is rising and might soon clear the $1,600 resistance zone.
Ethereum tested the $1,500 support zone and started a steady increase. The price is now trading above $1,560 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $1,600 and $1,620 resistance levels. Ethereum Price Gains Pace
Ethereum remained well bid after it tested the $1,500 support zone. ETH traded as low as $1,501 before it formed a base for a fresh increase.
The bulls were able to push the price above the $1,540 and $1,550 resistance levels. There was a clear move above the 50% Fib retracement level of the downward move from the $1,620 swing high to $1,501 low. There was also a break above a crucial bearish trend line with resistance near $1,560 on the hourly chart of ETH/USD.
Ether price is now trading above $1,560 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,590 level. It is close to the 76.4% Fib retracement level of the downward move from the $1,620 swing high to $1,501 low.
Source: ETHUSD on TradingView.com
The next major resistance is near the $1,600 level. A clear break above the $1,600 resistance could set the pace for a decent increase. In the stated case, the price could rise to the $1,650 level. Any more ga...
|Shiba Inu Spurts Over 12% In 24 Hours – Just For The Day Or Will S...
Shiba Inu (SHIB) price continues to move in the same trend as Dogecoin but the asset is having problems sustaining its gains.
In fact, earlier today, the crypto managed to register a 10.3% price pump over a 24-hour period as it traded for $0.00001342.
But, according to latest tracking from Coingecko, SHIB entered a short-term price correction phase as it is now down by 3.3% on its intraday charts. At press time, it is trading at $0.00001252.
Despite this, Shiba Inu is still sitting on a 22.3% increase over the last seven days and it has also tallied a 14% surge during the last 30 days.
It is important to note that the time when the crypto made its recent price rally coincides with the time when Dogecoin managed to hit the $0.15 level for the first time since the month of April.
This further supported the thesis stating that SHIB is riding the momentum of the hottest altcoin in the crypto space today.
A Crucial Position for Shiba Inu To Hold
While, SHIB’s ability to sustain price surges that are inspired by both Elon Musk and Dogecoin, some analysts believe that its recent upswings are not just one-time bursts and could be considered as indications of bullish trends.
In fact, Shiba Inu is keeping its head above water as it stays above the immediate support level of $0.0000118.
If it is able to maintain that and move on an upward trend, there is high likelihood that it might start to retest the $0.0000184 resistance zone as it aims to reach the $0.00002 marker.
|Why The Dogecoin And Meme Coin Rally May Not Be Over Just Yet
Dogecoin is still riding the wave of the hype that came with the completion of the deal between Elon Musk and the social media platform Twitter. The meme coin had been able to rally towards six-month highs and broke several major resistance levels along the way. Even now, the rally in the price of the digital asset is expected to continue and in doing so, it will take the entire meme coin sector with it.
Meme Coins Follow Dogecoin
Over the last week, meme coins have stuck closely to Dogecoin’s rally. While the largest meme coin by market cap had been on the rise, its smaller counterparts had quickly followed. Cryptocurrencies such as Shiba Inu (SHIB) and Dogelon Mars (ELON) had seen good movement as well during this time.
The largest meme coins had recorded double-digit gains in what has arguably been the most profitable time for meme coins in 2022. Dogecoin’s market cap had more than doubled during this time and other meme coins had moved up the ladder in terms of their positions in the crypto market.
While Dogecoin had reclaimed the 8th position, beating out heavy hitters such as Cardano and Solana, Shiba Inu had also moved to take the 13th position. Dogelon Mars also moved in this time and now sits at 135th according to data from Coinmarketcap. As for Baby Doge Coin, it is currently ranked 223rd by the data aggregation website.
DOGE price at $0.122 | Source: DOGEUSD on TradingView.com
Meme Coin Season Not Over
Now, going into the new week, there has been some...
|Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again
Bitcoin price started a downside correction from $21,000 against the US Dollar. BTC is stable above $20,000 and might start a fresh increase.
Bitcoin is holding gains above the $20,000 and $20,200 levels. The price is trading above $20,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another upward move if there is a clear move above the $20,500 resistance. Bitcoin Price Reaches Key Support
Bitcoin price started a fresh increase above the $20,000 and $20,500 resistance levels. BTC even traded above the $20,800 level and tested the $21,000 resistance zone.
A high was formed near $21,021 before there was a downside correction. The price declined below the $20,800 and $20,500 levels. It even broke the 23.6% Fib retracement level of the key increase from the $19,266 swing low to $21,021 high.
Bitcoin price is now trading above $20,000 and the 100 hourly simple moving average. It seems to be holding gains above the $20,000 and $20,200 levels.
The price also tested the 50% Fib retracement level of the key increase from the $19,266 swing low to $21,021 high. On the upside, an immediate resistance is near the $20,400 zone. There is also a key bearish trend line forming with resistance near $20,440 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
The first major resistance sits near the $20,500 level and t...
|Bitcoin Price Just Saw Technical Correction And Fresh Increase Seems Lik...
Bitcoin price corrected lower from $19,650 against the US Dollar. BTC is holding the $19,200 support and might soon start a fresh increase.
Bitcoin started a downside correction after it failed to clear the $19,650 zone. The price is trading above $19,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $19,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $19,350 resistance. Bitcoin Price Remains Supported
Bitcoin price was able to gain pace for a move above the $19,500 resistance. However, BTC struggled above the $19,600 zone. It traded as high as $19,679 and recently started a downside correction.
There was a correction below the $19,500 and $19,400 levels. The price declined below the 23.6% Fib retracement level of the key increase from the $18,865 swing low to $19,680 high. The price even spiked below the $19,250 level.
However, the bulls were active near the $19,200 support zone. Bitcoin price is now trading above $19,200 and the 100 hourly simple moving average. It is also stable above the 50% Fib retracement level of the key increase from the $18,865 swing low to $19,680 high.
On the upside, an immediate resistance is near the $19,320 level. There is also a connecting bearish trend line forming with resistance near $19,320 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
The first major r...
|Dogecoin Gains 100K Holders In Just Three Months, Report
Popular meme coin, Dogecoin, has welcomed new holders into its ecosystem within the past three months. As per data from CoinMarketCap, the number of Doge holders has increased by about 2% from its July 24th number.
While the coin has enjoyed increased investors, it hasn’t reflected in its price movement. It seems most investors are dormant whales banking on future bullish news, such as Twitter’s acquisition or other blockchain upgrades.
Dogecoin Investors Spike: The Numbers
Dogecoin has enjoyed massive growth in the past. What started as a meme on Twitter grew to become a top 10 cryptocurrency, according to CoinMarketCap. Despite its huge popularity, it joined the rest of the market to nosedive during the recent crypto crash.
Dogecoin is still over 90% below its all-time high. However, it has seen a decent increase in the number of holders in the past three months. Dogecoin's total holder count as of October 23 was 4,456,459, up from 4,365,551 on July 24 (a 2% increase). CoinMarketCap statistics show that the tenth-ranked cryptocurrency by market cap gained over 889,900 holdings in three months.
However, the price of Dogecoin has not responded to the actions of its holders. As of this writing, the asset was trading for $0.059, down 16.1% in the past three months.
Why More People Are Holding Doge
There are several reasons that explain the disconnect between the rise in the number of DOGE holders and the price of cryptocurrency. One major reason is the ...
|Aptos (APT) Ranges Just Above $8, Is It Time To Dump Those Airdrop Token...
The Aptos (APT) launch has become one of the most chaotic launches in recent crypto history. The digital asset had made its way to the mainnet and the centralized exchange listings had poured out soon after. However, the project was soon inundated with inquiries about the tokenomics and how the community was supposed to get the tokens since there was no Initial Coin Offering (ICO). Cue a rushed airdrop that was worth thousands of dollars at launch.
The Aptos Airdrop
Hours before the Aptos (APT) token was meant to go live on leading exchanges such as Coinbase, Binance, and FTX, crypto Twitter had begun to ask important questions about the project. First was that the exchange listings were being announced without the tokenomics being made public. This led to a post from the project announcing the tokenomics.
Next came the inquiries about how members of the community were supposed to get the 51% of the token supply that was allocated for the ‘Community.’ Due to suspicions that investors in the project already had the tokens ready to dump on retail, users had begun to brand the launch as a pump-and-dump scheme. Furthermore, the community bemoaned the lack of an airdrop or at least an opportunity for users to get APT tokens before the exchange listings.
What would follow would be one of the most unexpected airdrops in the history of crypto. The retroactive airdrop was announced to reward “early network participants with APT tokens.” The stash for each part...
|OpenSea Exec Leaves Just 10 Months After Joining
Brian Roberts, who joined OpenSea after working at Lyft, Walmart, and Microsoft, said he is leaving the company just ten months after joining it.
This is the latest example of cryptocurrency executives stepping down amid the ongoing bear market.
OpenSea CFO Joins the Departure List
As last year's bull market was raging on and NFTs had taken the main stage, OpenSea became the go-to place for everyone who wanted to get involved with these types of digital assets. Consequently, the company started expanding aggressively, and Brian Roberts took the position of Chief Financial Officer in early December.
The tides continue to be in favor of NFTs and Open Sea in particular, and the marketplace saw record-setting consecutive months. However, the landscape in the cryptocurrency industry could change just as quickly, and NFTs, along with asset prices, tumbled in the following months. NFT trading volume also slumped. OpenSea saw a 90% decline from January to August.
Fast-forward to October 7, and Roberts took it to Linkedin to announce leaving the NFT marketplace. As with other similar examples lately, he thanked the company for the opportunity, wished it all the best, and said it was a real pleasure to 'build a team literally from the ground up and handpicked game changers.'
While indicating that he will remain as an advisor to the OpenSea team, Roberts said he is still bullish for the company's future, NFTs, and Web 3.
The Execs That Quit Before Roberts
The cryptocurrency winter has n...
|SAND Has Just Been Added On Binance US – Will It Hit $1 In The Com...
SAND is the native token of the Sandbox metaverse and is used to facilitate gameplay transactions such as purchasing digital land and interacting with user-generated content.
Sandbox started out as collaboration between Pixowl and developer Onimatrix
Binance listed SAND and is already available for trading on its platform
The token is responding positively with this development, trading at $0.86 as of press time
Along with the crypto asset and NFT-type LAND tokens, SAND makes it all possible for Sandbox to give its users the best gaming experience.
Released as a mobile game in 2012, Sandbox started out as collaboration between Pixowl and developer Onimatrix.
Six years later, in 2018, Animoca acquired Pixowl and announced intentions to leverage blockchain technology to create a 3D world and take advantage of token economics and user-generated content.
In August of 2020, an Initial Coin Offering (ICO) was held by Sandbox and was able to raise $3 million that was then used in funding its future operations.
SAND Is Now Binance-Listed
Both Binance U.S. and Sandbox has already confirmed that SAND has been listed by the cryptocurrency exchange.
The token responded positively as it showed a considerable price movement. As of this writing, according to tracking from CoinGecko, SAND is trading at $0.8644.
Its current price is higher than its $0.83 closing price on October 4 when the announcement about the listing was made.
With this development, SAND was able to break free from its s...
|Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plun...
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to 'narrow the negative real interest rate gap and rein in inflation.' The rate increase came just days after the naira's parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap
According to the Central Bank of Nigeria (CBN), members of the bank's monetary policy committee (MPC) have voted 'unanimously to raise the policy rate to narrow the negative real interest rate gap and rein in inflation.' Following the vote, Nigeria's key interest rate - the monetary policy rate (MPR) - now stands at 15.5%, up from 14%.
In a statement, the CBN said the decision to increase MPR by 150 basis points was made because members of the MPC felt that any attempt to loosen the policy rate would be detrimental.
At this [MPC] meeting, the option to loosen the policy rate was not considered as this would be gravely detrimental to reining-in inflation … The Committee thus voted unanimously to raise the Monetary Policy Rate (MPR) and the Cash Reserve Requirement (CRR). Ten members voted to raise the MPR by 150 basis points, one member by 100 basis points, and another member by 50 basis points.
Nigeria's inflation rate, which has now grown by 280 basis points in just four months, stood at 20.52% in August 2022. To stop it...
|TA: Ethereum Price Just Reversed and $1,200 is Imminent, Here's Why
Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.
Ethereum gained bearish momentum below the $1,350 and $1,320 support levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline towards the $1,220 and $1,200 support levels. Ethereum Price Dips Again
Ethereum attempted a decent increase above the $1,350 level. ETH even broke the $1,380, similar to bitcoin. However, the bulls failed to clear the $1,400 resistance zone.
A high was formed near $1,399 and the price started a fresh decline. There was a clear move below the $1,350 and $1,320 support levels. There was a clear move below the 76.4% Fib retracement level of the upward move from the $1,269 swing low to $1,399 high.
Besides, there was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH/USD. Ether price is also trading below $1,300 and the 100 hourly simple moving average.
On the upside, the price is facing resistance near the $1,290 and $1,300 levels. The next major resistance is near $1,325 level and the 100 hourly SMA. A clear break above $1,325 might start a decent increase towards the $1,380 level.
Source: ETHUSD on TradingView.com
Any more gains may perhaps open the doors for a move towards...
|Get Forked: Ethereum PoW Forks Fall 66% In Just Days
Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge.
Ethereum PoW Forks Have Fallen 66% In Just Five Days
According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge.
The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network.
However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching.
These new forks still rely on mining for reaching consensus on the network and have therefore naturally attracted the stranded ETH miners.
Here is a chart that shows how some of the most popular forks (ETC, ETHW, and ETF) have compared versus Ethereum in the last five days:
Looks like the worst performer out of these was ETF | Source: Arcane Research's The Weekly Update - Week 37, 2022
As you can see in the above graph, Ethereum has been struggling since the merge, registering around 17% in negative returns.
The PoW forks, however, have been even worse. ETHW has noted losses upwards of 66%, while ETF investors have been yet deeper into the red with their holdings going down by more than 72% during the period.
The best of this bunch was Ethereum Classic, being down 'only' 25% in the last five days. This performance was much better than the other two forks, but still noticeably lower than ETH's returns.
The report n...
|Luart Officially Rebrands to Arcnes as the Platform Looks to Be More Tha...
PRESS RELEASE. Luart has announced an official rebranding to Arcnes, a move that will better position the NFT platform to innovate and grow to its fullest potential, and this is because Arcnes is more than just a marketplace; it's a tool for blockchain-based gaming and NFT projects. In addition, the platform will assist project founders in successfully launching and selling their in-game assets alongside an unparalleled user experience.
What are Arcnes' main features?
Arcnes will serve as the multichain launchpad and marketplace for Web3-focused gaming and NFT projects. As opposed to Luart, Arcnes prioritises the growth of the gaming crypto ecosystem. In this ecosystem, there will be a marketplace in which users can seamlessly trade or sell their favourite gaming NFTs quickly and securely.
Moreover, thanks to the launchpad, which empowers gaming projects to launch their NFT collections (or IGO), the Arcnes community will receive an added benefit as they can invest in early-stage companies. Arcnes also plans to launch an SDK that will be a ready-to-use batch of multichain smart contracts to help onboard gaming projects into Web3.
Furthermore, the Arcnes Grants will provide much-needed financial support for developing blockchain gaming projects with founders and teams with great potential. Arcnes will also set itself apart from other platforms with Horizon, a full-suite, in-house consulting product to help launch gaming and NFT projects.
What about past accomplishments and futu...
|TA: Ethereum Just Reversed and $1,700 Seems Imminent, Here's Why
Ethereum started a major recovery wave from $1,500 against the US Dollar. ETH rallied nearly 10% and might aim a move towards the $1,700 resistance.
Ethereum started a major increase after the bulls appeared near the $1,500 zone. The price is now trading above $1,600 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $1,650 to continue higher towards $1,700 in the near term. Ethereum Price Aims Higher
Ethereum saw a major decline below the $1,600 support similar to bitcoin. ETH even dived below $1,550 before the bulls took a stand.
It seems like the bulls defended the $1,500 support. A low was formed near $1,490 and the price started a major increase. There was a clear move above the $1,550 and $1,580 resistance levels. Ether even cleared the 50% Fib retracement level of the key drop from the $1,685 swing high to $1,490 low.
It is now trading above $1,600 and the 100 hourly simple moving average. The price even spiked above the $1,650 level. It is also consolidating near the 76.4% Fib retracement level of the key drop from the $1,685 swing high to $1,490 low.
An immediate resistance on the upside is near the $1,650 level. Besides, there is a key bearish trend line forming with resistance near $1,650 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
The next major resistance is now forming near the $1,675 level. Any more gain...